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VOL. 76. SATURDAY, FEBRUARY 7, 1903. NO. 1963 CLEARINGS—FOR JANUARY 1903 AND 1902. CLEARINGS— WEEK ENDING JAN. 31, 1903. ALSO FOR JANUARY 1901 A N D 1900. ALSO S A M E W E E K 1902, 1901, 1900. J a n u a ry. Clearings at 1903. 1902. In. or Dec. W eek ending J a n u a ry 31. 1901. 1900. % $ $ * % N e w Y o r k ..................... 7,18(1,120,463 6,929,468,711 + 3*7 7,401,114,873 4,664,579,395 545.030,142 509,841.598 +6*9 459,802,178 417,944.382 P h ila d e lp h ia ................. 1(58,547.117 129,673,835 194,540,692 198,519,388 - 2 0 P ittsb u rg......................... 105,556,154 107,271,503 —1*6 102,937,854 92,335,210 B a ltim ore........................ 26,595,497 4 -3 5 27,525,275 23,330,300 B u fla lo............................. 25,091.080 13,012,712 19,001,687 14,269,205 4-33-2 11,853,972 W a sh in g to n ................... 18,101,183 —3*7 15,503,872 17,430,546 A lb a n y ............................. 11,237,799 11,013,018 11,641,431 4-13-7 13,241,067 R o c h e s t e r ...................... 9,626,885 6,669,741 +20-6 0, .'380,85(5 8,040,12k S cra n ton .......................... 5,408,480 0,641,300 - 3 8 5,814,712 6.390,490 0,065,011 S yracuse.......................... 4,385,903 4,967,922 +1-8 5,057,313 W ilm in g to n ................... 4,310.095 3,955,492 4-2-5 4.055 456 W ilk e s B arre................. W h e e lin g .......... ........... 3,509,893 —0*0 8,298,666 2,122,800 1,708,200 -f-10'6 B in gham ton ................... 2,085.000 2,048,100 1,726,176 4-17-9 1,445,507 2,035,047 G reen sbu rg.................... 1,375.702 2,066,009 1,591,740 1,395,069 -H 3d C h e s t e r ........................... 1,486,285 820,236 7-8 759,076 756.005 700,431 F re d erick ........................ T o ta l M id d le .............. 8,142,188.262 7,847,103,305 4-3-8 8,220,188,678 5,382,041,454 047,558,870 35,394,400 13,942.330 7,959,007 7,589,127 7,761,617 7.452,801 5,044,895 2,775,659 2,430,209 1,875,842 739,784,763 4-3-5 4-3-2 f0 - 7 4-2-4 4-14-6 —0-2 —8 3 —1-2 —15-6 4-2-6 —0-8 4-3-2 602,755,127 32,508,200 12,818,307 8,018,(540 6,484,310 5,553,073 5,732,428 4,040,320 2,093,188 2,508,988 1,800.540 744,979,733 591,846,945 30,934,500 13,665.859 7,760,843 6,083,550 6,083,731 5,521,590 3,932,715 2,581,653 2,058,597 1,584,113 672,054,103 759,923,062 734,053,897 C h ica g o ........................... 90,452,650 C incinnati....................... 106,972,000 62,060,367 C leveland........................ 71 140,546 08,582,904 D etroit............................. 45.658,836 M ilw aukee...................... 32,712,783 35,987,213 23,153,980 28,224,096 In dian apolis................... 10,843,000 C olu m bu s........................ 19,101,400 12,280,200 P e o r ia ............................. 12,980,004 12,006,130 T o le d o .............................. 14,860,706 7,557,757 9.655,717 G rand R a p id s............... D a y to n ............................ 0,502.503 7,565,849 4,508,943 E va n sv ille...................... 5,869,098 2,896,300 A kron. 3,462,500 8pringfleld, 111............... 3,194,012 2,095,000 2,575,310 2,777,785 Y ou n g stow n .................. 2,889,304 2,394,683 K a la m a zo o ..................... L ex in g ton ....•••••••••« 2,550,752 2,786,107 Canton. 1,050,802 1,917,775 R ock ford ......... 1,534,844 1,838,648 1,045,782 1,971,183 Springfield, O h io ........... B lo o m in g ton ................. 1,634,052 1,591,780 1,169,253 Q u incy............................. 1,327,617 D ecatur 1,381,419 1,241.333 891,783 M unstield........................ 901,787 790,877 Jacksonville, 111............ 872,309 Jackson, M ich................ 9(53,529 807,136 A nn A r b o r ..................... 441,676 445,802 T ota l M. W e s t............ 1,146,164,030 1,095,859,231 4-3 5 4-18-3 4-14-0 —33-4 4-100 4-21-9 4-13-4 4-5-7 --2 3 2 - -25" 1 --16-3 --28-5 --19-5 - -15*2 4-7-8 4-20-7 4-90 4-10-2 4-19-8 4-19*8 4-au +13-5 -1 0 1 4-Ul 4-10*3 4-19-4 4-0-9 4-4 6 619,002,911 89,116,100 55,677,283 44,061,569 28,483,511 17,157,989 12,773,550 10,128,565 10,089,904 6,615,171 5,349,67? 4,187,392 2,205,700 2,197,282 1,490,809 2,437,720 2,004,230 1,3(54,504 1,245,331 1,506,129 1,093,694 1,227,724 589,231,064 72,502,200 49,000,510 40,170,911 29,405,723 14,890,043 11,700,200 9,100,700 11,082,693 6,201.551 5,342,290 4,808,700 1,858,000 2,030,001 1,571,548 1,817,9:34 2,103,557 1,236,103 1.297,519 1,325,(511 837,806 1,223,320 241,282 759,438 658.611 343,693 922,085,835 239,770 734.029 644,597 860,552,540 Ban F ran cisco................ 128,095,690 Bos A n g e le s ................... 24,055,419 14,380,339 Balt Lake City............... B eattie............................. 15,858,749 P ortla n d .......................... 14,490,039 S p o k a n e.......................... 7,742,038 T acom a. •••••••••••«••• • 8,969.399 H e le n a ............................ 2,261,574 F a r g o ............................... 2,427,518 Siou x F alls..................... 1,051.926 T otal Pacific............... 21y,932,691 105,570,793 18,582,368 15,212,649 12,477,561 10,865,886 6,095,614 5.614,839 2,875,784 1,943,854 1,144,757 180,384,105 4-21-3 4-32-7 —5'5 -27-1 --33-4 -27*0 --59-8 -21-4 + 2 4 ‘9 —81 4-21-9 90,943,134 12,276,230 13,509,573 9,191,226 9,030,305 4,353,549 5,501,(589 3,981,85(5 1,535,973 860,807 151,790,342 83,015,149 10,309,559 10,048,600 7,981,110 7,849,279 5,017,104 4,103,841 2.779.201 2,041,085 719,195 133,864,309 Kansas C ity ................... M in n eapolis................... O m aha............................. St. P aul........................... St. J o s e p h ...................... D enver............................. Des M oin es.................... Sioux C ity...................... T opeka............................. D kvenport...................... Colorado Springs.......... W ich ita .......................... F rem on t.......................... T o. other W e st.......... 90,256,80? 60,512,430 31,352,420 23,700,580 22,587,699 21,699,552 8.097,737 0,857,253 6,221.101 5,500,243 4,139,150 3,334,255 850,941 285,076,231 -1 * 8 4-1*6 4-5*3 4-17-1 —0*9 -1 3 0 4-10-2 — 4*8 4-45 -1 9 5 -48-0 4-21-8 4-7-2 4-0*4 75.190,590 47,348,74? 28,057,342 22,281,787 17,583,481 22,125,095 7,183,482 5,306,064 4,804,507 4,087,3*13 4,653,356 2,070,541 603,532 239,955,867 58,109,585 43,499,744 26,755,128 22,445,392 16,105,630 21,134,802 0,405,875 5,851,910 2i930,537 3,081,311 B o s to n ............................. P r o v id e n ce ..................... H a r tfo rd ......................... New H a v e n ................... Springfield...................... W o r c e s te r...................... P o rtla n d ......................... Fall R iv e r...................... L o w e ll............................. New B e d fo rd ................. H o ly o k e........................... T o ta l N. E ng............... St. L ou is......................... New O rlea n s................. L o u is v ille ...................... H o u ston ......................... G a lv e ston ...................... R ich m o n d .................. Savannah........................ M emphis......................... O s fc ::::::::::::N o r fo lk ........................... A ugusta . ..................... io r t W orth .................... fl'U 'h iK h a ra ................. L ittle H ock................... K noxville........................ Macon.............................. C h a ttan ooga................. B ea u m on t.......... Jacksonville, F la.......... T otal S o u th ......... T otal all___ O utside N . Y 670,148,423 36,512,600 14,039.960 8,153,278 8,694,075 7,747,269 0,832.067 4,984,102 2,342,913 2,493,760 1,861.270 763.810,323 88,670,206 01,506,135 32,925.000 27,749,849 22,390,499 18,882.807 9,405,994 0,530,94? 0,501,197 4,474,604 2,152.593 4,001,301 918,921 280,176,293 2,316,000 030,000 209,725,928 214,786,804 232,937,718 - 7 - 8 179,319,675 145,328.090 59,719,253 77,405,552 73,988,120 +4-0 53.430,175 40,782,291 50,709.430 43,950,070 {-154 43,185,957 30,697,985 24,217,820 4-26*8 18,963,490 17,100,989 22,118.500 18,881,500 17,978,500 4-23*0 10,758,900 19,255,990 20,775.439 - 7 3 17.854,229 15,475,788 19,542,420 21.294,904 16,388.841 -19-2 19,203,701 16,809,101 20,639,478 10,372.322 -20-1 13,202,071 14,009,444 12.920.80C. -15-4 11,051,708 8.995.994 11.635.669 8,703,05s -32-8 7.099,081 0,890.840 7,288,636 6,972,903 6.503.170 -110 6,009,747 7,747.150 0,970,809 -111 5,492,588 5,512,077 7,347,275 0,766,573 4-8-6 8,059,896 4,772,608 . 5,963,045 5,199,079 -14-7 4,560,892 3,972,273 5,543,-841 4,858.200 -1 4*1 3.144,534 2,355,338 4,336,990 2,891,916 3,255,120 4-33*2 21592,447 3,820,000 8,43-1,000 3,358,000 -139 3.497.000 2.897,609 2,399.085 4-20-8 1,970,941 1,807,117 1,889,142 {-18-4 2,236,071 1,822,461 1,222,068 1,725,766 -8&-0 1,187,470 530,710,422 511,281.204 4-3-8 429,031.650 371.897.788 11,088,932.021 10,659.488,839 4-4*0 10,706,032,0S> 7,630,736.122 3,902,861,558 3,730,020.128 4-4 6 3,306,917.212 2,%6,156,727 U T 'T a b l © C le a r in g :* b y T e l e g r a p h Clearings at— 1903. 1902. Inc. or Dec. 1901. 1900. $ 8 * % * —5*4 1.490,597.39-: 1,026.052,652 New Y o r k ....... .......... 1.301.817,730 1,375.680,618 90,700,380 + 1 1 ‘5 99,054,204 P h ila d e lp h ia ............... 107,832,443 9 3 .8 9 9 .4 9 0 39.898,781 + 11-CJ 44,301,149 36,024,481 P ittsburg....................... 30 ,23 7 .3 1 7 20,801,401 21,180,4919.907,571 B a ltim o r e .................... + 4"8 20 ,15 8 .4 7 6 5,021.527 5,039,79^ + 1 1 6 4,822.350 B u ffa lo .......................... 4 .4 20 .8 8 2 3,650.544 3,021,627 + 2 1 0 2,606,242 W a sh in g ton ................. 2,6 91 .0 9 6 3,189.580 2,923,940 A lb a n y ........................... 2 971,91k +91 2 ,4 09 ,6 3 7 2,702,778 2 ,3 2 2 ,3 2 ? + 1 8 9 2,563,922 R o c h e s te r ..................... 2.8 53 ,7 0 4 1.087,427 1.048,279 + 3 -7 1,085,509 Syracuse ....................... 1,096,499 1,223,540 + 3 0 -7 i ,483,871 1,599.585 S c r a n to n ...................... 1,108,945 857,19k 1.031,245 1.009,270 + 2 *2 . 9 2 9.649 W ilm in g to n ................. 357.800 377,500 —5" 2 480.50(J B in g h a m to n ................ 4 2 4 .0 0 0 3 3 1,750 241,700 + 3 7 2 2 9 3 96t C h e ste r ........................ 3 4 3 ,8 6 7 3 5 0 .8 2 3 2 90-84 (J 383 ,4 2 ? —8*5 G reen sbu rg................... 3 0 5.000 553,441 4-20-0 0 9 7.704 W h e e lin g .................... +84 8 4 2,870 W ilk e s B arre ................. 9 1 3,718 2 .0 00 .9 4 2 Not in clude d in to tal. U tica ........................ ....... —3"l 1,664,674,148 1,186,931,214 T o ta l M id d le ............ 1,490,410,264 1,551,181,081 B o s t o n ........................ P r o v id e n c e ................. H a r t fo r d ....................... New H a v e n .................. S p rin g fie ld ................... W o r c e s te r ........................ P o rtla n d ............................ Kali R iv e r ........ ............ L o w e ll ........ ....................... New B e d fo rd .................. H o ly o k e .................. ......... T ota l N ew England C h ica g o .............................. C in cin n a ti ........................ D e t r o it .......................... C le v e la n d ___________ M ilw aukee ............... C olum bus...................... Indianapolis................. P e o r ia ............................ T o le d o ................................ Grand R a p id s ................ D a y t o n .............................. E v a n s v i/le ...................... Y oun gstow n . .............. Springfield, 111.............. L e x in g t o n ...................... A k ron .................................. K a la m a zo o ...................... R o c k fo r d .......................... Springfield, O ................. C anton ................................ J a c k s o n v ille .......... ....... O uincy .............................. B lo o m in g t o n ................ J a ck son .............................. A nn A r b o r ...................... M a n sfie ld ........................ D e c a t u r ..... .................... T ota l M id. W estern San F r a n c is c o .............. Salt Lake C ity ................ P ortla n d ............................ Los A n g e le s .................. S ea ttle ................................ S p o k a n e ........................ T a c o m a ......................... H e le n a .......................... Fargo.............................. S iou x F alls................... T o ta l P a cific............ Kansas C ity ................. M in n e a p o lis ................ O m aha........................... St. P aul.......................... D e n v e r .......................... St. J osep h ...................... Des M oines................... D a v e n p o r t................... Sioux C ity ..................... T o p e k a .......................... W ich ita .......................... F rem on t ...................... C olorad o Springs........ T o ta l o th e r W e s t’rn St. L ou is........................ New O rlea n s............... L o u isv ille ....................... G a lv e s to n ........................ H ou ston .......................... Savannah .......................... R ich m on d ......................... M e m p h is ...................... A tla n ta .......................... N a sh v ille .................. ...... N o r fo lk .............................. A u g u s ta ............................ K n o x v ille ........................ Fort W o r th ................... B irm in g h a m ................ M «co n ............................. L ittle R ock................... C h a tta n o o g a ................ J a c k s o n v ille ............... B ea u m on t..................... T o ta l S o u th e r n ....... 121.125,544 6 ,5 04 .3 0 0 2.344,080 1.398,828 1,007,885 1.438.134 1.21 7.27s 970,779 4 4 0,048 445,078 317.581 137,032.144 7,0 49 .8 0 0 2,5 57 ,0 7 0 1,4(58,44? 1,340 302 1.386,998 1.375,009 909,557 4 8 0 ,2 5 ? f.47,443 3 4 5 ,1 4 5 —1 1 6 —15*0 —9 0 —4 "8 +199 + 3 -1 —11*5 +0 7 —8*4 -1 8 0 + 8 -0 123.399,792 6,684.700 2,384.51? 1,422,563 1,300.731 1,171,083 1,092.274 838.674 505.305 406,378 436.697 119,714,687 6.076 ,7 0 0 2,911 .8 2 0 1.537,616 1.524,753 1.224,120 1.027.079 784.884 511.582 3 8 6.255 3 0 5 .3 2 0 137.815.541 155,172.232 -1 1 * 2 139.645.722 136,004,822 157,685,302 2 1.750.200 9,3 27 .9 3 ? 15,543,231 7. H 7 080 4.240 .4 0 0 5,192.916 2,087,657 3.440,717 1,099.205 1.574,41*2 1.035.199 071.294 5 8 6.298 4 9 1.858 670.000 552,222 391,456 3 2 5,380 341.001 100.345 301.440 296,279 202,908 69,921 208,437 2 2 5 .9 2 ? 1 4 7,482,98? 18.001.700 14.905.808 12,485,212 7,242,771 3,350.400 4,698,541 2,982.291 2.492,238 1.522.496 1.304.419 844,753 588,568 4 8 8 ,9 3 ? 4 7 4,853 (HO 100 422,688 3 2 0,766 315.207 3 2 7 ,1 5 5 130,119 2 2 7 ,7 7 ? 3 0 1,563 150,000 5 5 ,7 2 ? 169.403 2 1 9,432 +6*9 +209 -3 7 *4 +24 5 — 1*8 +26*6 + 1 0 -5 —9 9 -3 8 0 -11 0 -2 0 ? -22 6 (-14*1 -20*0 +3 6 4 -4 '? +50-8 (-22*1 +3*2 4-4-4 + 2 7 -8 +82*3 127 741,861 19,495,700 8,936 ,7 2 5 11,594.130 0,628.904 2,933 ,1 5 0 3,635 ,7 5 2 2 ,1 86 .3 0 ? 2,273,(57(5 1,339,158 1,027,915 871,071 302,881 433,429 4 2 2 .2 9 5 407.000 375.850 256,912 273,411 320.267 155,483 317,798 252,661 134.707 50.000 125,625,807 14,848,100 8 ,2 16 ,4 7 2 10,904,009 5 .9 89 ,9 7 6 2 ,5 00 ,0 0 0 2 .7 76 ,0 6 8 2,045 .4 0 6 2 ,2 22 .1 0 8 1,137.405 1.151.827 9 7 5 ,2 6 4 3 8 2 .6 9 8 4 1 0 ,9 8 9 5 2 8.842 3 5 1,000 3 8 6 ,1 7 3 2 6 4.622 2 4 9,955 2 2 8 .9 5 8 171.962 60,000 59 ,00 0 ............... 230.825.082 222.085.911 +60 29,379,483 2,019 ,3 6 6 2.800,824 4,823,877 3,350,852 1,458,722 1,879.479 483,452 621,672 187,203 23,977,394 2,850,644 1,930 .0 8 0 3,073,779 2.374.803 1.142.540 1,209,882 612,057 402.08(5 284.628 +225 —8*1 -48*2 (-31*3 - -41 "4 +277 +554 -2 PI + 5 4 -5 -3 4 2 47,670,930 38 ,45 8 859 +24 0 18,751,608 13,770,787 7,172.230 5.342.941 3,830,822 4.798,385 1,964,730 785,549 1,319,953 1,341.998 071,919 217.401 393,126 18,533.621 11,948,614 6,274.370 4,193,891 4 471,756 4.021 .3 9 5 1,560.868 857,670 1,333,370 1.337,46: 750,813 131.838 910,550 60.361.455 —1*8 “ 35*3 r25 5 -2 3 0 +3*0 300,000 .............. 192,427,193 181*726,641 20.740,858 19,298.307 2,396,270 1,650,000 2.361,393 2,092 .0 8 9 861 .9 8 ? 1,595.659 946.439 248.690 222,887 33,11 5 ,2 7 8 1,880,365 1.636,807 2 ,2 18 ,6 6 7 1,895,507 967.760 1,100.207 5 0 1.073 2 4 9,727 134.389 29 ,88 8 .8 3 9 12,832.527 9,417.406 5,627,896 + 2 1 "4 -14*3 + 1 9 -3 +259 —8*4 -P O +0 3 — 11 +(>4*9 -5 0 8 15,S99,130 10,281,173 6 ,0 27 ,1 1 8 4,363,640 4,069,439 3,883 ,6 0 8 1,215,343 834.230 1.063.531 1,009.590 49 4.231 138,309 1,004.503 56.326,225 +7* 1 50,943.861 4 3 .0 8 4 569 44.130.117 15,189,825 10,490.541 5,222 ,0 0 0 8.000 .0 0 0 4,227.47? 3,980,704 4,010.885 2.800,315 2.273 ,3 4 5 1,000,270 1,852,398 u::8.904 1,655,782 1,361.012 700,000 1.004,781* 002,829 3 6 0 ,8 2 0 450,000 47,007,015 17,727,919 8,417,213 3,727,500 6.128 ,7 8 5 3,092 ,5 1 0 4,573 .2 7 0 8.127,090 2,374,546 1.783,130 1,340.278 1,517.148 603,316 1,493,383 1,035,842 711,000 873,783 437,000 303.278 419,449 43,608,423 12,777,275 9.190.5-44 4,296.500 4.387,312 4.973.490 3.848.274 3,235.582 2,429.562 1,608,856 1,412.0.^7 942.3YO 6 1 3.200 1,522.179 999,017 730.000 537.740 397.524 236,779 3 0.135,633 12.435.163 10,993,804 3,651 .0 0 0 4.500 .0 0 0 5,378,072 3,776,405 2.755.709 2,205 .3 4 8 1.4*28.939 1.386.201 1,351.952 (>84,157 783.505 939.44S 817.OO0 420.076 403.753 225.000 110,929,519 106,758,056 -6 * 1 -14-5 + 2 4 *0 4-40*9 +305 +36? -13*0 -28 4 -18-2 -27*5 -19*4 -22T 55 5 -10 ? -31 *5 +69 + 14*7 +37 9 —0*7 +7*8 +3*9 97,75S,109 84,289,717 +1*2 - -15-2 - -14-3 4.200 ,7 7 2 4,035 ,1 6 8 3 .1 72 .1 1 4 1,197.245 593,449 888,791 5 4 7.535 4 4 1,666 130,000 T ota l a l l ..................... 2.090.019,391 2,130.092.364 -1 * 9 2.178.565.311 1.661.906.250 O utside N ew Y o r k .. +45 7S8.201.601 754,301.766 n4 Cauadiau Clearings on page 314. 687,697,916 635.872.59S 288 THE CHRONICLE [VOL. LXXVI. before them and so prevent the necessity for an extra C O M P A N Y REPORTS— N E W YORK\ session of Congress. Real progress has been made, PHILADELPHIA, BOSTON AND ST. LOUIS. and it is leading to a more hopeful feeling in business We give up to-day thirteen pages of our space to circles. Tuesday the Senate Committee on Foreign the comparative returns of the trust companies of Relations ordered a favorable report on the Panama New York, Brooklyn, Boston, Philadelphia and St. Canal Treaty, and later on the same day the Treaty Louis. They will be found on pages 299 to 311. was reported to the Senate. As Senator Morgan’s opposition found no support from other members of that body It proved of no avail in [staying progress. THE F IN A N C IA L SITU ATIO N . The belief in Washington is now that the ratification Recent months have furnished a period of strong will be speedily secured. When accomplished: a contrasts. Reports from Wall Street have been mon needful piece of business will be "put out of the otonous. Nothing new and nothing doing has been way. It seems also as if the [Statehood bill was the story, and it has reflected the situation from week nearing a demise, or that it would not much to week. Hitherto the Stock Exchange has been longer be in a position to obstructfthe^business of the considered the industrial barometer of the country. Senate. The passage by the Senate [on Tuesday of All activity in the interior found its forecast and fore the Elkins anti rebate measure was a[first transaction runner there. It[is a good while now since there was towards finishing up the anti-trust legislation pro any initiative at that centre. There have, to be sure, posed by the Upper House. The agreement between been security movements up for a few days, but fol the conferees of the Senate and House on the Sen lowed by a turn downwards, leaving the average of ate Committee’ s amendments to the Department of values about where it started from. Between a num Commerce bill is another step along the same lines. ber of these little eddies have also been deeper dips and What further anti-trust measure Is to be pushed is a larger recoveries; but they have all appeared to mean serious question. It is thought more likely that, nothing more than a traders* market. Reasons given whatever the House may do, the Senate will live up for this stagnation have[been numerous, growing out to its conservative instincts and, following its prece of contemporary happenings, but the events have be dents, throw out or allow to sleep in committee any come a thing of thejpast and still the stagnation has thing that violates them. We are quite sure that the remained. Just now Congress gets in large part the new device for stretching and widening the grants of credit and the bla me for the Stock Excharge lethargy. power contained in our Federal Constitution will not But what to-day is not charged to that source of deter at this session be given a place in our statute books. rent agitation, has to be explained and borne by the Venezuela enbroilment and more recently by the The New Jersey Court of Errors and Appeals has fresh labor grumblings. this week handed down a unanimous decicion in the On the other hand, in the interior a very different Hodge case In favor of the United States Steel Cor exhibition is apparent, taking the situation at Pitts poration, and thus closes the mass of vexatious litiga burgh as representative. Too much doing for a free tion brought against that company. Our readers are movement of traffic is true not only at that point, but aware that these actions were begun to prevent the ex wherever our railroad systems reach; so true is this ecution of the Steel Corporation’ s plan for retiring a that unheard-of congestion is the common result and certain amount of its 7 p. c. preferred cumulative stock complaint. Or, getting at the situation through rail by the issue of 5 p. c. bonds so as to get 60 mil road gross earnings, bank clearings ard special tell lion dollars of fresh capital and leave the tax on rev tale industries like iron and steel, belief in an indus enue before the common stock $1,500,000 less than It trial life and activity never before reached becomes was previous to the change. This decision completes the irresistible. Indeed, it may be said that as a rule all discomfiture of the kickers. We never had any sympathy important industries are being enlarged and driven, for them. Justice Van SIckel, in the previous de and yet with this added production no accumulation cision made In the action brought by Miriam Berger, seems to be visible, the whole output being absorbed said, that In view of the fact that more than 99 per at home or exported. Still another measure of the cent of the stockholders in attendance and repre force and tenacity of the favorable conditions prevail sented at the meeting at which the matter was con ing is obtained from the severity of the trials sidered, voted In favor of the resolution, “ It could not current that industrial activity has survived. be expected the Court should be Impressed with the Without mentioning others, we think we may safely belief that the complainant will suffer any substantial say that the country never passed through a struggle injury by the consummation of the scheme.” This calculated to be so ex haustive and depressing as the conclusion has been enforced by other developments anthracite mine-workers’ strike. Lack of coal checked until the general public is decidedly of the same mind in a small way actual production in certain depart as that expressed by the Court. But of course that ments, but not enough to leave any noticeable im condition would not settle the plaintiff’s status nor pression on the markets. Now that the incident is dispose of the Issue. Hence the Court on that occa ended, about the only loss it caused—the loss of in sion went into a lengthy review of the faots and the come by the coal companies—no longer has any im law, and held that the Act and the amend portance. General industrial activity has nearly if not ments to it contain a grant of power to retire wholly wiped out that single scar. Is it any wonder stock and to issue bonds In the manner adopted by that the denizen of Wall Street paints the country the board of directors, and that the syndicate of bank blue, while the denizen of Chicago and Pittsburgh ers were not overpaid, etc. This week we have the paints it all red? same Court making, as stated, a unanimous decision in the Hodge case, reaffirming their previous conclu Legislators at Washington have begun this week to sions and disposing quite summarily of the further show greater determination to finish up the business issues raised. Hence all obstacles in the way of 7RUST Febru ary 7, 1903.] THE CHRONICLE 289 carrying out the plan seem to have been wholly re sumed by increased operating expenses, leaving a gain moved. Whether it will be carried out has not yet of $1,542,000 in net. On the lines WeBt of Pittsburg and Erie there was $6,085,400 increase in gross, with been determined. $5,731,100 increase in expenses, leaving $354,300 gain The December return of the Pennsylvania Railroad, in net. On the combined lines East and West of even more than the November return of the same Pittsburg, therefore, the improvement in gross re company, serves to give prominence to increasing ex ceipts for the twelve months reached the striking penses as a factor in the affairs of this great railroad figure of $17,418,900, but out of this only $1,896,300 system. Gross earnings keep expanding in a satis was saved for the net, expenses having risen in amount factory way, but larger expenses are consuming more of 15£ million dollars. la th e following we show the than the whole of the further increase. On the llDes gross and net earnings for December and the 12 directly operated east of Pittsburgh and Erie the ad months of the last six years for the lines East of dition to gross earnings for December proves to have Pittsburg and Erie— the only portion of the system been 11,223,300; but the increase in expenses was as for whioh we have the data for such a comparison. much as $1,706,500, thus bringing a loss in net of LI1TB8 BAST OF 1802. 1901. 1900. 1899. 1898. 1897. $482,200. For the lines west of Pittsburgh the show PITT8BUBS. December. t $ « S S 1 ing is much the same; gross earnings were larger by dross earnings.... 9,528,875 8,806,076 7,816,90) 6,017,704 6,787,004 5,017,804 $611,700, but expenses went up in amount of $978,- Operat’g expenses 7,280,888 6,626,888 4,896,207 4,530,607 4,034,707 8,958,607 200, hence causing a decrease in net of $366,500. N et earnings.. 2,899,587 2,780,737 2,921,697 2,087,107 1,708,297 1,664,297 For the combined lines, therefore, the situation is Jan. 1 to Dec. 81, d ross ea rn in g s.... U2808896 101329795 85,576,918 72,922,712 85,608,612 64,223,019 that, with gross added to in the magnificent sum of Operat’g expenses 78,061,043 65.259,548 68,273,260 60,778,250 44,948.760 43.691,250 $1,835,000, expenses rose in the extraordinary figure N et earnings.. 37,619,262 36,070,252 29,302,662 22,144,462 20,859,862 20,531 782 of $2,683,700, leaving the company $848,700 behind N o t b . —These figures Include the Buffalo & Allegheny Valley Divi in the net as compared with the same month of the sion for 1901 and 1902. In Dec , 1901, the earnings of this division were, approximately, gross, $584,471; net, $79,440. From January l to Dec. 31 the earnings o f this division In 1901 were $8,114,previous year. 899 gross and $2,190,435 net. It is obvious that when expenses are being swelle d in such a way as this there must be some special The feature of the statement of the New York As reason for it. We know of course that wages on sociated Banks on Saturday a week ago was the in the Pennsylvania lines have been increased 10 per crease of $14,062,600 in loans, which partially reflected cent, but that by itself seems hardly sufficient to ac the $35,000,000 loan of the Pennsylvania Railroad count for such a great expansion in the expense ac Company. This made the total increase in loans counts. We are inclined to think that the true ex since December 27 1902 $29,189,200. Loans are now planation is found in the peculiar conditions under $904,610,700, comparing with $889,651,700 in 1902 whioh freight is being moved at present. With all and $871,808,200 in 1901. The reserve held was in its superb facilities and the enormous outlays in re creased by $6,207,500, of which $5,502,000 was in cent years for new equipment, new facilities, etc., the specie. Deposits were increased by $18,966,800, bring Pennsylvania Railroad on its main lines, as we know, ing that item up to $931,778,900, which compares is simply unable to take care of the traffic offered it. with $976,997,000 in 1902 and $969,917,500 in 1901. In November a state of congestion ensued which made The reserve required was $4,741,700 more than in the necessary heroic efforts to prevent an actual blockade. previous week; deducting this from the increase in The experience was again repeated the present week. cash holdings, the addition to the surplus was To provide some measure of relief the company has $1,465,800. The surplus now is $27,880,775, which, now decided to discontinue its 20-hour flyer between compares with $26,623,350 in 1902, $24,838,825 in Chicago and New York. The bearing of all this on 1901 and $30,871,276 in 1900. Tne surplus, not count the question of increasing operating exponses is that ing reserve against U. S. deposits, is $37,923,175. such methods and measures are costly and expensive. In other words, in the present situation, where our rail The money market was without special feature this roads are simply being overwhelmed with traffic, it is week. The tone of the call money market was easy, not possible to operate the roads with due econ reflecting an abundant supply and a rather light de omy. There is a favorable side of course to the mand in oonsequence of the dulness of the stock matter, namely the fact that when traffio market. Time money was firm at last week’s quota and earnings shall again fall off, the roads tions. There was little inquiry from commission will also find it possible to curtail expenses. Off the houses. The plan of the New York Central Rail main line of the Pennsylvania the situation does not road Company for terminal improvements was an seem to be quite so bad. At least the controlled nounced, which, it is estimated, will require over $25,roads, while all showing enlarged expenses the same 000,000. The Pennsylvania Railroad Company’s loan as the Pennsylvania itself, are able to report some in of $36,000,000 was not intended for the tunnels and crease in net. Thus the Philadelphia Baltimore & station here, for which about $50,000,000 must be Washington for December has $112,500 increase in provided. These and other like enterprises will draw gross and $18,800 increase in net; the West Jersey & heavily upon the resources of the banks during the Saa Shore $10,300 increase in gross and $2,000 in next two years. crease in net, and the Northern Central $160,900 in crease in gross with $44,600 increase in net. The Clearing House Association will meet next December completes the company’s fiscal year and Wednesday to.,vote upon the amendments to the con we find that on the lines directly operated Eist of stitution reported^yjthe Clearing House Committee Pittsburg and Erie there was an Improvement in gross to the meeting of the Association last Wednesday. receipts for the 12 months of 1902 as compared with Much public interest has been manifested in that one the 12 months preceding in the sum of $11,333,600, of the amendments which requires each trust com but that $9,791,500 of this improvement was con pany clearing through a member of the Association to 290 THE CHRONICLE. maintain in its own vaults on and af ter J une 11903 a cash reserve equal to 5 per cent of its deposits,which reserve is to be increased to 7£ percent on and after February 1 1904 and to at least 10 per cent and not more than 15 per cent on and after June 1 1904. At present there are 27 trust companies which clear, 17 in Man hattan and 10 in Brooklyn. Their total deposits on December 31 1902 were $467,807,900. Five per cent of this amount is $22,890,300, and the companies re ported cash on hand December 31 1902 $3,614,100; so that, if this amendment to the constitution of the Clearing House Association is adopted, these trust companies must increase their cash reserves on or be fore June 1 next by about $19,000,000, and by twice that amount on or before June 1 1904, if their deposits are not materially decreased in the meantime. The adoption of all the amendments recommended by the Clearing House Committee is considered cer tain. There are 22 trust companies which do not clear, among them several of the oldest and strongest. The question is, whether those who have hitherto cleared will comply with the new requirements or will surrender the privilege. Money on call, representing bankers’ balances, loaned on the Stock Exchange this week at 31 and at 2 per cent, averaging a little under 3 per cent. On Monday the rates were 2£®3£ per cent, averaging 3 per cent. On Tuesday rates were 2@3 per cent, with the average about 2 f per cent. On Wednesday, Thursday and Friday rates were 2^®3 per cent and the ruling rate was 2 f per cent. Banks and trust companies generally followed the market, and some of them loaned on Tuesday as low as 2\ per cent; but as a rule 3 per cent was their minimum. Time money was firm all the week at 4£ per cent for sixty days and 4£@5 per cent for three to six months. The demand for time money was not urgent, and barkers deemed it prudent to conserve their resources in view of known future requirements. There was a fair inquiry for the best grades of com mercial paper, largely from out-of-town institutions, although local banks and trust companies were mod erate buyers of choice paper. The supply of such names was light. Rates are 4 f per cent for sixty to ninety day endorsed bills receivable, 4|@5 per cent for prime four to six months single names, and 5£@6 per cent for names not so well known.' [V ol . LXXVI. 48*69 per cent, against 47*38 per cent last week and 48*72 per cent in the corresponding week of last year. The cable reports discounts of sixty to ninety day bank bills at London 3^®3f per cent. The open market rate at Paris is 2f® 2£ per cent and at Berlin and Frankfort it is 2^ per cent. According to our special cable from London, the Bank of England gained £281,645 bullion during the week and held £34,664,403 at the close of the week. Our correspondent further advises us that the gain was due to receipts of £292,000 nit from the interior of Great Britain, to imports of £L0,000 from Germany and to exports of £20,000 to South America. The foreign exchange market was stronger this week, influenced by the easier tone of the call-money market and by a falling off in offerings of commercial bills. The railroad blockades in the West are holding back grain destined for export. The inquiry for re mittance for maturing loans and on mercantile ac count was fair but the market was generally dull and firm. Continental bills advanced about as much as sterling, and marks were in good demand in conse quence of the decline of sterling at Berlin. The Assay Office paid for domestic bullion $613,444 66. Gold received at the Custom House, $28,629, of which $6,750 was in U. 8. gold coin, $889 in foreign gold coin and $20,990 in bullion. Nominal quotations for sterling exchange were 4 84^@4 85 for loDg bills and 4 87|@4 88 for sight. The market on Monday advanced 10 points to 4 8390 @ 4 84 for sixty day bills, 4 8690@4 87 for sight and 4 8725@4 8735 for cables. On Tu esday there was a further advance of 10 points for long bills, 5 points for sight and 10 points for cables. Oa Wednesday long bills gained 10 points, sight bills and cables ad vanced 5 points. On Thursday the markst was strong, although the volume of business was not large. Long bills closed at 4 8415@4 8425, sight bills 4 8706® 4 8715 and cables 4 8740@4 8750. On Friday the market was stronger and more active, closing steady at the highest rates of the week. The following shows daily posted rates for ex change by some of the leading drawers: D A I L Y P O S TE D B A T E S FOJi F O R E IG N E X C H A N G E . MON., F B I., Jan. 80. Ftb. a Brown B ros....... Baring, j 60 days M agoon A Co., t S ig h t.. Banh B ritish ( 60 days No. A m erica .. ( Sight.. Bank o f <60 days M ontreal........ (S ig h t.. Canadian Bank ( 60 days o f Com m erce.. ( Sight.. H eidelbach, Ick- ( 60 days elhetm er * Co. ( S igh t.. 4 84* 4 87)4 4 84)4 4 87)4 4 8J)4 4 87)6 4 84)4 4 87)4 4 84)4 4 87)4 4 84)4 4 87)4 4 84)4 4 87)4 4 84)4 4 88 ! 84)4 87H 84)4 87)4 84)4 87)4 84)4 87)4 84X 87)4 84)4 87)4 84)4 87)4 84)4 88 T u g s ., 3. Feb. 84)4 87 X 84 X 87X 84 X 87 X 84X 87X 84X 87X 84X 87X W e d ., Feb 4. 84X 87X 84X 87 X 84X 87X T h u s ., Feb. 5 84X 87 X 86 88 F B I., Feb. 6. 85 88 85 88 fix The large loss of the banks to the Sub-Treasury 87X 87X 84X this week is due chiefly to the payment by the Central g j* !& 87 x 87X |4X 84X Pacific Railway Company last Saturday of its note 87X 87X due Feb. 1 of nearly $3,000,000 on account of bonds 85 84X 84X 87X 87X issued to aid in its construction, and to the deposit L a ia r d F reres.. j g ^ a y s 84X : 88 s $ 87X of $510,000 by the Western National Bank in liqui M erchants’ B k . j 60 days 85 84 X o f Canada.......< Sight.. 88 8£ * y * 88 dation to retire its circulation, in accordance with the The close Friday was at. 4 8425®4 8435 for long, plan of merger with the United States National 4 8720®4 8725 for short and 4 8760@4 8770 for Bank. This merger will throw the bank statement of cables. Commercial on banks 4 83£@4 8410 and Saturday out of balance. documents for payment 4 83i@ 4 84^. Cotton for payment 4 83£®4 83£, cotton for acceptance 4 831 There was no change this week in the official rates @ 4 8410 and grain for payment 4 84@4 84£. of discount by any of the European banks. Dis counts in the open market at London and Paris were The following gives the week's movements of money steady and at Berlin they were a shade easier. The to and from the interior by the New York banks. rate of exchange on London at Berlin declined to 20 B u t 4t>«4 bv toil* 9 t* bv B tt Inttritr Week Endint Feb. 6, 1803. marks, 49 pfennigs, which is 1 pfennig below last N. Y. Bank*. N. Y. Bank*. Movtmtnt. week’s quotation and equal to nearly one-half cent on 3ttrriQOj« $6,051,000 $8,426,000 Gain $8,625,000 480.000 G ain. 831,000 332.000 the pound sterling. Tnis week’s return of the Bank 3 q14................. .......................... ......... . $2,915,000 G ain. 18,067.000 $6,872,000 T otal g old and legal ten der*....... of England shows the ratio of reserve to liabilities F ebruary 7, 1908.] THE CHRONICLE. 291 With the (Sub-Treasury operations the result Is at noteworthy contribution to a symposium of opinions on the prospect: “ I look,” he wrote, “ for con follows. tinuous and enlarged prosperity. I should not doubt Nat Okaft*# ta Outaf Into that production and exchange (in this country) will Week Bniina Feb. 6.1008. Bank Boldin** Bank*. Bank*. go on unchecked. It is genuine, because it is the ex *2,915,000 G ain. ‘ 8,057,000 *0,872.000 Bank* Interior m ov em en t, a* a bov e ploitation of natural resources. The economic out 20,061,000 L obs 6.731,00i 20.320,000 Bnb-Trftftff. operation ■.......................... look is as good as possible. The dangers are social *28,006,000 L oss. *1,774,00« T o ta l s o ld and lega l ten der*....... *27,102.000 and political.” The following table Indicates the amount of bullior Now let us see how far the brief portion of the year In the principal European banks, already elapsed bears out this striking diagnosis. What Is the most conspicuous industrial incident of Feb. 0 1902. Feb. 6.1003. these five or six past weeks ? We think the answer Bank of Gold. Silver. lotal. Silver. Total. Gold. undoubtedly will be the freight blockade in the Mid £ £ £ £ £ £ dle West— a phenomenon always charged with real 34,604 408 36,388,474 86,308,474 84,064 408 Plainly put, what it means is simply F rance........... 1Oo!030,107 48,871,902 144^608,129 98,708,646 44.070,809 142,840,464 significance. G erm a n y ....... 32,546,000 12,037,000 44,682,000 37,198,000 13,758.000 60,950,000 this—that the people In the West want the merchan 71,009,000 6,782,000 78,341,00 70,698.000 7.199,000 88.892,000 S o s e la ......... dise of the East, and the people in 'the East the pro A n (.-H u n g ’) * 46,219,000 12,007,000 68,890,000 40,847,000 11,746,000 88,692,00 S p a in .............. 14,409,000 19,887,000 84,208,000 14,082,000 17,537,000 81,680,0 '( ducts of the West, in such quantities and with such I t a ly ........... .. 10,001,000 2,171710 19.072,700 15.007,000 2,128,200 18,120,200 Motherland* 4,807,7' >0 8,050,9 0 11,848,000 6,731,100 0,447,501 12.178,60< haste, that railway facilities, after five years of re 4,601,00 4.740,000 8,087,838 1,533,007 Mat Belg’m .t 8,100,000 1,680,000 tracking and re-equipping, are unable to carry the T ot-thl* wee* 820 028,270 1C6O0160* 485^989,882 320^818,662 103058176 488 600,728 T ot. prev. w ’k 330,108.692 106090796 430,405 887 828,630,333 103195007 431,781,940 goods for which consumers are clamoring. This * The division (between gold and sliver) given In onr table of coin means, again, that trade in its simplest sense is in and bullion In the Bank of Germany and the Bank of Belgium Is made sound condition; that the dealers whose orders over from the best estimate we are able to obtain; in neither ease Is It claimed to be aoourate, as those banks make no distinction in their tax the railway facilities want their goods at once be weekly returns, merely reporting the total gold and silver, but w t cause the consumers want them. believe the division we make is a olose approximation. There have been times in our past industrial his + T h e A u s tro-H u n g a ria n Bank S ta tem en t Is n ow Issued In K ro n e n an d H etory when such blockades, or something like them, oer Instead o f G ulden and K reu tier. T h e red u ction o f th e fo r m e r cu rren cy to sterling £ was by consid ering th e G ulden to h a ve the v a lu e o f 60 cen ts. A s occurred as a consequence of mere speculation. th e K rone has really n o g rea ter v alu e tha n 20 cents, ou r ca b le corresp on den t in Nothing of the sort is a governing influence now. L ondon, In ord er t o red u ce K ronen to £, has a ltered th e basis o f co n v e r sio n by Uvldlng th e a m ou n t o f K ro n e n b y 24 Instead o f 20 When the speculator dominates, stocks of merchan dise will be visibly accumulating— a condition exactly the reverse of what every trade to-day reports. In A M E R IC A N T R A D E A N D P R O S P E R IT Y . deed, it may be said that such speculation as has ex Such Inactivity on the security markets as has oc isted since the opening of the year has relieved rather curred during the last four weeks, and as is tradition than aggravated the congestion of railway freight. ally rather apt to occur at the opening of the year, is There has been activity of speculators in some direc sometimes apt to blind the financial judgment to con tions, but their energies have been wholly devoted to ditions outside the Stock Exchange. T o say that the holding back merchandise from the market. If It is stock market's business is to anticipate, would be true that movement of grain from the Inland markets trite; yet it is rather singular how often this function to the seaboard has been slower because of such oper of the market seems to be forgotten. A market which ations, it must be plain that this very faot mere anticipates is bound occasionally to reach a point ly emphasizes the real demand from the consu where it has anticipated everything. Sometimes, mers. Again, there is the question of higher wages. Un either on a rise or a fall in prices, it will go even be yond that point, and when this happens nothing could doubtedly this question has two sides. With the rail be more natural than a halt or reaction in the move ways, for example, the increased labor cost is still ment of prices at a moment when conditions appear cutting into profits, as it is doing in scores of other industries. But it would not be wise, facts being to warrant nothing of the kind. These somewhat familiar observations are suggested what they are, to ignore the compensating influence by the present condition of affairs. It is quite pos of an increased weekly and monthly income received sible that no developments are immediately in sight and in great part spent by the masses in the indus whereby a normal change of investment values would trial community. be suggested. A quiet and generally inert stock In short, the picture before the present watchers of market would be the natural result. But this is very American finance is of a wealthy nation growing daily far from proving that things are wrong in the general wealthier; investing its accruing wealth in more lib outlook. On the contrary, it might with equal force eral provision for its normal needs or in productive be reasoned that unfavorable signs are distinctly ab enterprise. Of the familiar bugbear of “ overtrading” sent. Were such indications to be discovered, prices we are unable to detect a sign; indeed, it would be would be as quick to anticipate them as to foreshadow hard to know where to look for it when every up-todevelopments for the better, and dulness would very date manufacturing concern is unable to keep pace quickly cease. For ourselves, we should gay that the with its orders, when goods produced are going instantly market's refusal, under existing circumstances, to into consumption, and when at least seventy per cent decline in response to the Venezuelan deadlock, or the of the inorease in our imports occurs because outside various troublesome suggestions which arise, not as producers have to be drawn upon for goods which are probabilities but as possibilities, was an undoubted needed immediately, and which, with all their im sign of strength. mense facilities, our home manufacturers oannot What is the real financial situation ? Professor make In time. We repeat it, that this seems to us a thoroughly Sumner, of Yale, a very acute and experienced ob server, gave at the end of December the following wholesome situation. That It has not been accom- THE CHRONICLE. 292 panied by a wild outbreak of speculation on the S cock Exchanges, as has sometimes happened on similar occasions in the past, is hardly a matter to be regretted. Wall Street itself, in its moments of apprehension two or three months ago, expressed the wish for ex actly that position of affairs which has come to pass. P R O S P E R IT Y O F CHICAGO & N O R T H WESTERN. The Chicago & North Western Bail way Company enjoys a record of prosperity not surpassed by any other railroad company in the country. Each suc ceeding year gives new emphasis to the fact. Amid this prosperity, furthermore, the company is continu ing the same distinctive policy which has marked its entire history under Vanderbilt management, namely, using the most of its improved earnings in raising still higher the physical standard and condition of the property— dividends in the meantime baing kept on a good, but not extravagant, basis. The company's fiscal year, as is well known, ends <on May 31, but we are able to present to-day a com plete statement for the calendar year 1902. The char acteristics of this year with the roads generally are well known to our readers. There was further very gubstantial improvement in gross receipts, but a t tended by an augmentation in expenses running in many instances above the gains in gross. The Chicago & North Western in its figures for the calendar year proves to have been no exception to the general rule, for we find that with $2,110,688 addition to gross earnings, expenses were heavier in amount of $2,729,013, leaving a loss in net of $618,325. No road, however, was better able to stand a loss, and compar ison is with exceptionally large totals for 1901. The company's aggregate of fixed charges is each yea r being further reduced, notwithstanding the putting out recently of some new bond issues. The reduction follows in part as the result of the refunding oper ations carried through by the company and in part because of the steady increase, year by year, in the in come from the company's investments— holdings of atocks, &c., we mean. This income acts as a credit against the company's own fixed charges. For the 12 months of 1902 the net charge for interest, etc., was $5,541,640, as against $5,816,909 for the 12 months of 1901. With this saving in fixed charges the balance avail able for dividends was $10,405,003 for 1902, against $10,747,559 for 1901, $9,310,479 for 1900, $8,879,116 for 1899 and $6,638,786 for 1898. The company dur ing the year increased its dividends on both classes of stock 1 per cent, bringing the common stock up to a basis of 7 per cent per annum and the preferred stock up to a basis of 8 per cent per annum. Nevertheless the re quirements for these larger dividends were only $4,837,005, or less than one-half the $10,405,003 available for the stock, and leaving a surplus in amount of $5,567,998. What disposition did the company make of this sur plus of $5,567,998 for the 12 months ? The answer is found in the appropriation of $4,697,055 made by the board of directors for construction work, improve ments and permanent additions to the property. The sum was half a million dollars larger even than in the preceding year. Here are the results for the last four calendar years. [V ol. LXXVI. -Tw elve m onths en d in g D ec. 31. 1902. 1901. 1900. 1899. 5,890 5,638 5,393 5,124 $ $ $ $ Gross earnings........ 48,026,708 45,916,020 43.051,088 41,806,761 Expenses.................. .31,855,065 29,126,052 27,906,413 26,960,738 & N O R TH W E S T . Miles o f road............. . CH IC. Net ea rn in g s.... .16,171,643 16,789,968 15,144,675 14,846,023 15,816,909 225,500 *5,609.196 225,000 15,764,407 202,500 Charges— Int. (less cre d its).... .115,541,640 Sinking fu n d s......... . 225,000 T otal................... . 5,766,640 6,042,409 5,834,196 5,966,907 Balance for stock ... .10,405,003 Dividends.................. . 4,837,005 10,747,559 3,914,394 9,310,479 3,914,394 8,879,116 3,718,832 Surplus............... . 5,567,998 New equipment, etc . 4,697,055 6,833,165 4,169,526 5,396,085 3,542.041 1,000,000 5,160,284 870,943 2,663,639 1,854,044 4,160,284 ITIn this w e have included $9,828 interest paid in advance o f maturity on bonds taken up and funded into 3*s per cent general mortgage gold bonds o f 1987, and have allowed for a credit o f $553,435 for income from investments. i Includes in 1901 $13,192 interest paid in advance o f maturity on bonds taken up and funded into 3^s per cents, and allows for a credit of $577,080 for incom e from investments. 1 We have included in 1899 $176,743 nterest paid in advanoe of maturity on bonds taken up and funded Into 3*a per cents, and have allowed for a credit o f $543,977 for incom e from investments. * Includes in l c OO $103,482 interest paid in advanoe o f maturity on bonds taken up and funded into 3ifl per cents, and allows for a credit of $577,080 for income from investments. From the foregoing it will be seen that besides the special appropriation of $4,697,055 made out of the revenues of 1902, there had been a similar appropria tion In 1901 of $4,169,526, in 1900 of $3,542,041 and in 1899 of $1,000,000. In other words, in the four years no less than $13,408,622 has been taken directly from earnings for new construction work and for im provements and betterments. What other railroad in the country can show a similar record ? As the company's fiscal year ends on May 31 we have separated the 7 months since then from the 5 months preceding. In the following we give the monthly figures of gross and net for these 7 months for the last three years. M ONTH LY CHICAGO A NORTH W EST. GROSS AND NET --------- Oross Earnings.---------1902. 1901. 1900. * 8 $ E A RN IN G S. ------------ Net Earnings.1902. 1901. 1900. * » First 5 m o n th s ...18.377,537 17,090,745 16,555,804 5,811,739 6,036,033 6,376,753 J u n e...................... J u ly ....................... A u g u s t................. S eptem ber.......... O ctob er................ N ovem ber........... D ecem ber........... 1,324.954 1.205.314 1,467.813 1,871,021 1,872,852 1,441,716 1.176,234 1,315,024 1,296,018 1,732,763 1,77',642 1,857,986 1,627,849 1,246,753 1,203,639 1,145,138 1,665,061 1,646,099 1,713,143 1,331,887 1,164,035 T otal 7 m o s ....... 29,649,171 28,825.275 26,495,284 10,359,904 10,753.935 9,768,922 4,018,946 4,011,704 4,222,073 4,555.282 4,865,034 4,178,083 3,798,050 3.938.638 3,914,378 4,332,688 4,800,608 4,599.162 4,084,081 3,660,830 3,707,405 8.692,957 4,011,776 4,010.707 4,324,413 3,526,464 3,322,563 T o ta l y e a r ...48,026,708 45,916,020 43,051,088 16,171,613 16,789,968 16,144,675 In the foregoing we see reflected the higher oper ating cost the same as in the results for the 12 months. Gross earnings for the 7 months to December 31 1902 foot up $29,619,171, as against $28,825,275 in the same 7 months of 1901, but net earnings are $10,359,904, as against $10,753,935. THE T R U ST C O M P A N IE S IH N E W A N D E LS E W H E R E . YORK In connection with the extensive tabulations we give on subsequent pages, a review of the recent figures of the trust companies will be interesting and instructive. Beginning with the trust companies of this State, we find that these institutions in their re turns for December 31 record a considerable contrac tion in deposits as compared with the totals reported six months before, on Jane 30 1902. Tnere is noth ing especially significant in this, past experience proving that some falling off usually occurs during the Jast half of the calendar year; furthermore, dur ing the six months just passed there were speoial cir cumstances tending to intensify the conditions ordi narily operating to that end. There was extreme tension in the money market, the most severe experi- THE CHRONICLE. F ebruary 7, 1908. J ence since 1896; naturally, with money rates high d e positors would be more inclined than usual to with draw some of their deposits in order to take advant age of such a situation. There are some new items in the form of return this time which operates to interfere somewhat with the plan of making direct comparisons. For instanoe the amounts due to savings banks, to other trust companies and to banks and bankers are all shown separately. We presume that previously all these separate items fell under the general head of deposits. The total of the three items for December 31 1902 is $89,455,017; the deposits in trust are reported at $206,341,290, and the general deposits at $529,001,547. Adding the whole together we get a grand total of $823,797,854. This compares with $887,001,689 on June 30 last, indicating a loss for the six months of somewhat over 63 million dollars. That is obviously a large contraction, and yet the shrinkage is only in pro portion to the previous growth. ThlB previous growth, as has many times been pointed out in these columns, was of marvelous proportions. Indeed, during the first six months of 1902 the addition had been no less than 95 million dollars, so that notwithstanding the 63 millions lost the last six months, deposits at the close of 1902 still stand 31 million dollars larger than at the close of 1901. It is interesting to note that our New York Clearing House banks in their statement for January 3 1903 showed deposits reduced 63 million dollars as compared with the corresponding date twelve months before (the amount January 3 1903 being $873,115,000, against $926,204,100 January 4 1902), so that the position and record of the trust companies remain as noteworthy as before. In the last six months of 1902, when, as we have already seen, the deposits of the trust companies fell away 63 million dollars, the deposits of the clearing house institutions shrunk over 82 million dollars, falling from $956,829,000 June 28 1902 to $873,115,000 January 3 1903. In the following we show the figures of the trust companies back to 1891. A G G R E G A T E D E PO SITS O F T H E N E W Y O R K TR U S T COM PANIES. Jan. J u ly Jan. Jan. J an . Jan. Jan. 1 , 1 9 0 3 ................$ 8 2 3 ,7 9 7 ,8 5 4 1 , 1 9 0 2 ................ 8 8 7 ,0 0 1 ,6 8 9 1 , 1 9 0 2 ................ 7 9 2 ,9 3 1 ,7 2 4 1 , 1 9 0 1 .............. 6 3 8 ,1 2 1 ,7 7 1 1, 1 9 0 0 .............. 6 2 3 .5 4 1 ,5 7 0 1, 1 8 9 9 .............. 4 6 7 ,1 8 4 ,2 5 8 1, 1 8 9 8 .............. 3 8 3 ,3 2 8 ,7 2 5 Jan. Jan I Jan. I Jan. I Jan. I Jan. |J a n . 1, 1, 1, 1, 1, 1, 1, 1 8 9 7 ................$ 3 0 5 ,3 6 4 ,6 3 7 1 8 9 6 ................ 3 0 7 ,3 5 1 ,8 9 3 1 8 9 5 ................. 2 8 5 ,7 4 1 .7 9 4 1 8 9 4 ................ 2 6 6 ,0 9 2 ,9 5 5 1 8 9 3 ................ 2 6 4 ,2 9 5 ,0 4 8 1 8 9 2 ................ 2 8 4 ,4 6 6 ,6 9 7 1 8 9 1 ................ 2 1 1 ,3 2 0 ,2 7 5 Of course the number of trust companies is all the time being enlarged. Daring the last six months the total of capital was increased from $53,225,000 to $60,575,000, the increase thus being $7,350,000. Of this increase 4£ million dollars (together with $3,960,000 surplus) was supplied here In this city, six new companies having been added to the list, namely the Eastern Trust Company with $1,000,000 capital and $950,000 surplus; the Empire State Trust Company, with $500,000 capital and $500,000 surplus; the Guar dian Trust Company, with $1,000,000 capital and $1,000,000 surplus; the Lincoln Trust Company, with $500,000 capital and $500,000 surplus; the Mutual Alliance Trust Company, with $500,000 capital and $500,000 surplus, and the Windsor Trust Company, with $1,000,000 capital and $500,000 surplus. Owing to this increase in capital through the for mation of new institutions, together with the addi tions in the same way to surplus and also through the accretions of profits, total resources of the trust companies show a much smaller decrease than the deposits. Aggregate resources for the first time went above 1,000 million dollars in the returns for June 293 30 1902, and remain will above that figure on the present occasion. The amount is $1,039,956,621, as against $1,078,212,685 June 30 1902 and $969,393,644 December 31 1901. From this last it will be seen that the addition to the resources of these institutions during the twelve months was over 70 million dollars. A G G REG ATE R E 80U R C E B O F T H E TRU ST COMPANIES O F N. Y . STATE. J a n . 1, 1 9 0 3 ........... $ 1 ,0 3 9 ,9 5 6 ,6 2 1 1 J a n . 1 , 1 8 9 7 ................$ 3 9 6 ,7 4 2 ,9 4 8 J u ly 1, 1 9 0 2 ...............1 ,0 7 8 ,2 1 2 .6 8 5 1 J a n . 1 , 1 8 9 6 ................ 3 9 2 ,6 3 0 ,0 4 6 1 , 1 8 9 5 ............... 8 6 5 ,4 1 9 ,7 2 * Jan. 1, 1 9 0 2 ............. 9 6 9 ,3 9 3 ,6 4 4 J a n . Jan. 1, 1 9 0 1 ............. 7 9 7 ,9 8 3 .5 1 3 J a n . 1, 1 8 9 4 ............... 3 4 1 ,4 6 6 ,0 1 1 1 , 1 8 9 3 ............... 3 3 5 ,7 0 7 ,7 8 ® Jan. 1, 1 9 0 0 ............. 6 7 2 ,1 9 0 ,6 7 2 J a n . 1, 1 8 9 2 ............... 3 0 0 ,7 6 5 ,5 7 5 Jan. 1, 1 8 9 9 ............. 5 7 9 ,2 0 5 .4 4 2 J a n . 1 , 1 8 9 1 ............... 2 8 0 ,0 8 8 ,7 6 ® Jan. 1, 1 8 9 8 ............. 4 8 3 ,7 3 9 ,9 2 6 J a n . As we have pointed out on previous occasions, by far the greater part of the resources of the trust compa nies is employed in what are termed “ loans upon collateral.” With the shrinkage in deposits between June and December these loans were drawn down 48£ million dollars— that is, from $603,436,621 to $554,961,229. Between June 28 1902 and January 3 1903 the loans of our clearing-house banks were reduced only about 18| million dollars— that is, were cut down from $893,871,800 to $875,352,100. This would seem to bear out the theory that the trust companies found it necessary to curtail accommodations to borrowers more severely than the banks. It is possible, how ever, that the term “ loans on collateral” has a broader meaning in the case of the trust companies than in the case of the banks. We note that many of these institutions are engaged in extensive syndicate opera tions, and the reduction in loans might mean the clos ing out of a good many of these syndicate arrange ments. It is worth pointing out, too, that as com pared with twelve months ago both the trust compa nies and the banks show much larger loans. For the trust companies the comparison is $564,961,229 Jan nary 1 1903 against $540,208,706 January 1 1902, and for the New York Clearing House banks $875,352,100 January 3 1903, against $869,546,600 January 4 1902. LOANS ON C O L L A T E R A L B Y TRU ST COM PANIES. Jan. J u ly Jan. Jan. Jan. Jan. Jan. 1, 1 9 0 3 ............... $ 5 5 4 ,9 6 1 ,2 2 9 1, 1 9 0 2 ............... 6 0 3 ,4 3 6 ,6 2 1 1, 1 9 0 2 ............... 5 4 0 ,2 0 8 ,7 0 6 1, 1 P O I............... 3 8 7 ,9 1 1 ,4 1 5 1, 1 9 0 0 ............... 3 2 8 ,1 4 3 ,5 8 8 1. 1 8 9 9 ............... 2 8 3 ,4 0 2 ,8 2 2 1 , 1 8 9 8 ............... 2 3 0 ,5 8 1 ,7 0 8 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 1, 1, 1, 1, 1, 1. 1, 1897. 1896. 1895. 1894. 1893 1892. 1891 $ 1 6 9 ,8 9 4 ,9 3 8 1 6 9 ,1 6 1 ,3 4 8 1 4 8 ,9 5 3 ,8 2 0 . 1 4 7 ,7 9 4 ,0 2 4 . 1 9 6 ,3 2 1 ,4 2 2 . 1 7 3 ,5 5 2 ,8 2 9 . 1 0 6 ,6 8 5 ,7 5 8 The other investments of the trust companies call for no special notice. The amount of cash In their own vaults remains very small, having been Decem ber 31 1902 just $10,493,236, or only about 1 per cent of their aggregate resources. The matter is of Im portance in view of the aotion of the Clearing House Committee contemplating the requiring of larger cash resources in the future. It is of course known that the trust companies keep large amounts on deposit with the banks, the total of such deposits December 31 having been $128,166,652. But- this only bears out the claim that the ultimate burden of meeting any unusual demand must fall upon the banks. In cluding cash on hand and on deposit with the banks, the total January 1 1903 was $138,659,888, which Is more than 12 per cent of the aggregate resources and nearly 17 per cent of the deposits, shewing a position of unusual strength. CA8H ON H AN D AND ON D E PO S IT B Y N. Y . COM PANIES. Jan. J u ly Jan. Jan. Jan. Jan. Jan. 1, 1, 1, 1, 1, 1, 1, 1903. 1902. 1902. 1901. 1900. 1S99. 1898. $ 1 3 8 ,6 5 9 ,8 8 8 . 1 2 8 .9 7 8 ,3 8 7 . 1 2 1 ,0 4 5 .7 9 7 . 1 0 5 ,7 0 2 ,4 1 6 . 8 1 ,3 6 6 ,2 8 s . 7 1 ,7 3 4 ,6 2 1 . 5 5 ,0 3 4 ,4 5 1 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 1. 1, 1, 1, 1, 1, 1, 1897. 1896. 1895. 1894. 1893. 1892. 1891. $ 5 4 ,6 4 2 ,3 4 4 5 0 ,8 0 4 ,1 3 7 6 1 ,2 0 6 ,7 0 8 7 4 ,3 6 5 ,7 6 1 3 5 ,0 3 3 ,0 1 6 3 3 ,9 3 2 ,8 4 7 2 6 .5 6 4 ,9 7 8 LOANS ON PE R S O N A L SE C U R ITY B Y N. Y . COM PANIES. Jan, 1 , 1 9 0 3 .............. $ 4 2 ,2 8 3 ,1 6 0 I J a n . 1, 1 8 9 7 ................ $ 2 5 ,7 8 8 ,1 8 8 J u ly 1, 1 9 0 2 .............. 4 8 ,5 i 3 , 12 9 | J a n . 1, 1 8 9 6 ................ 2 9 ,3 6 9 ,7 0 3 Jan. 1 , 1 9 0 2 .............. < 1 ,9 0 7 ,3 0 0 I J a n . 1, 1 - 9 5 ................ 2 2 ,7 9 1 ,2 1 5 Jan. 1 , 1 9 0 1 .............. 3 9 ,8 4 0 .0 6 6 |J a n . 1, 1 8 9 4 ................ 2 2 ,6 3 6 ,9 5 7 Jan. 1 , 1 9 0 0 ............... 3 1 ,1 0 1 ,2 7 1 I .Tan. 1, 1 8 9 3 ................ 1 9 ,6 9 8 ,9 2 5 J a n . 1, 1 8 9 9 ................ 2 9 ,9 3 0 ,3 7 6 J a n . 1, 1 8 9 2 ................ 1 7 ,2 1 0 ,1 4 5 J a n . 1, 1 8 9 8 ................ 3 1 ,1 8 3 ,2 9 2 | J a n . 1, 1 3 9 1 ................ 9 ,7 5 5 ,6 4 3 294 THE CHRONICLE. [V ol . LXXVI. ST O C K IN V E STM EN TS OF TR U S T C O M PA N IE S . Jan. J u ly Jan. Jan. Jan. Jan. Jan. 1 , 1 9 0 3 ................$ 2 1 9 ,3 7 8 ,9 4 6 1, 1 9 0 2 ................ 2 1 8 ,8 0 6 .1 3 1 1 , 1 9 0 2 ................ 1 9 0 ,8 2 2 ,9 6 6 1 , 1 9 0 1 ................. 1 9 6 ,8 5 2 ,5 8 2 1 , 1 9 0 0 ................ 1 6 8 ,1 9 5 ,6 4 2 1 , 1 8 9 9 ................. 1 3 6 ,5 6 1 ,0 6 6 1 , 1 8 9 8 ................. 1 1 3 .5 2 5 ,7 9 8 I Jan. I Jan. |J a n . I Jan. I Jan. Jan. I Jan. 1 , 1 8 9 7 ................$ 1 0 1 ,9 8 3 ,6 0 0 1, 1 8 9 6 ............... 1 0 4 ,5 1 2 ,8 3 9 1, 1 8 9 5 ............... 9 7 ,5 5 5 ,7 9 8 1 , 1 8 9 4 ................ 6 5 ,9 9 8 ,2 3 0 1 , 1 8 9 3 ................ 5 7 ,1 8 5 ,6 4 9 1 , 1 8 9 2 ................. 5 1 ,1 3 2 ,2 3 9 1 , 1 8 9 1 ................. 4 7 ,1 8 0 ,4 7 8 H O L D IN G S O F BONDS A N D M O RTG AG ES. Jan. J u ly Jan. Jan. Jan. Jan. Jan. 1 , 1 9 0 3 ................ $ 5 2 ,3 8 5 ,3 6 0 1, 1 9 0 2 ............... 4 9 ,3 2 5 ,0 6 4 4 5 ,4 8 3 ,0 1 0 1, 1 9 0 2 ................ 1, 1 9 0 1 ................ 4 0 ,7 3 0 ,5 7 6 3 8 ,1 4 3 .1 4 5 1 , 1 9 0 0 ............... 1 , 1 8 9 9 ................ 3 4 ,8 5 5 ,0 2 3 1 , 1 8 9 8 ................ 3 2 ,6 2 4 ,9 9 5 I Jan. Jan. I Jan. I Jan. |J a n . I Jan. |J a n . 1, 1, 1, 1, 1, 1, 1, 1 8 9 7 ................ $ 2 8 ,6 9 2 ,4 2 8 1 8 9 6 ................ 2 5 ,1 1 4 ,0 7 7 1 8 9 5 ............... 2 1 ,5 6 9 ,5 0 4 1 8 9 4 ............... 1 7 ,4 5 1 ,6 7 4 1 8 9 3 ............... 1 5 ,0 6 2 ,2 9 0 1 8 9 2 ............... 1 3 ,3 7 3 ,4 6 3 1 8 9 1 ............... 1 7 ,5 3 7 ,0 0 8 TRUST COMPANIES AT OTHER POINTS. It seems desirable to supplement this review of the growth of the New York State companies with some reoord of the changes that have occurred in the con dition of the same class o f institutions at the other leading cities embraced in our tabulations on subse quent pages, namely Philadelphia, Boston and St. Louis. Necessarily our summaries must be 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 (though we have sought to get them to conform to the form of statement required in this State),^making 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. Compari sons on these points, however, will suffice to show the prevailing trend, and will also indicate whether the trust institutions at other financial centres are gov erned by the same conditions as those in this State or are developing in accordance with laws of t heir own. At Boston we should naturally expect to find a dose accord with the movements and changes dis closed here, and the results bear out this expectation. Laws in Massachusetts have not facilitated the growth of trust companies in the way they have in this State, and hence the number of companies has been increased by only two during the last two years — rising from 16 to 18. These institutions, however, are doing a profitable business the same as elsewhere, as is indicated by the increase (making due allowance for the issue of new stock at a premium) in the item of surplus and profits from $10,285,659 December 31 1900 to $15,779,627 December 31 1902. Capital in the same interval rose from $8,450,000 to $11,100,000. Deposits increased from $89,461,044 December 31 1900 to $120,056,888 June 30 1902, and the last six months receded to $116,264,790. It is proper to state that thejeturns in these instances are not all for December 31 (a few being a month or two earlier), which probably makes the loss in deposits smaller than it otherwise would have been. Surplus and BOSTON. Capital D ec. 31,1800 (16 c o ’B.).... §8,450,000 J u n e 3 0 ,1S01 (16 c o ’s . ) . . 8,450,000 D e c. 31,1801 (16 c o ’s .)... 9,000,000 J u n e 80,1902 (17 CO’ S.).. 1 0 ,ll0,000 D ec. 31,1902 (18 c o ’s .).... 11,100,000 Profits. Deposits. $10,285,659 11,257,704 12,294,798 14,141,093 16,779,627 $89,481,044 106.948,268 107,991,782 120,056.888 116,264,790 Aggregate Resources. $108,196,703 125,655,973 129,286,580 144,297,981 143,144,417 In Philadelphia the number of companies has re mained substantially stationary. Capital, however, has been materially enlarged, standing at $33,142,233 Deoember 31 1902, against $28,399,965 December 31 1901, and the aggregate of surplus and profits is $37, 514,329, against $27,826,041. Deposits, after rising from $136,496,312 to $163,174,463, fell away again the last six months to $153,151,355. Many of the institu tions in Philadelphia are conducted along different lines from those in this city. P h il a d e l p h ia . Capital. D ec. 81 ,1900 <40 c o ’s .) ...$28,399,1 C5 Ju n e SO, 1901 (41 c o ’s .)... 30,015,117 D ec. 31,1901 (41 CO’S .)... 31.927,006 June 30,1902 )41 c o ’ s.).. 32.638,230 D ec. 31, 1802 (41 CO’S .)... 83,142,233 Profits. Deposits. Resources. $27,826.''4t 29,686,846 33,885.857 35,305,666 37,514,329 $136 196,312 151,299.734 149.1-7,386 163,174,463 163,151,355 $196 498 619 2l*',1Sb,8d7 218 660 249 234,804,059 227,480,117 New York, Boston and Pniladelphia are all on the Atlantic Coast. In passing thence and picking out a city in the interior of the country— St. Louis— we have had a distinct object in view; we wish to focus attention on the development which the trust com pany movement is making in that city. In no other place outside of New Y ork has there been such a growth and extension of this class of Institutions as at St. Louis. Measured by capital and surplus, that city can now lay claim to having some of the largest trust companies in the United States. These instiutions, too, have latterly been prominent in very im portant financial undertakings. Moreover, in view of the coming World’s Fair at that point, they seem assured of continued activity in the near future. As this is the first time we have brought together the St. Louis companies, we are not able to carry our comparisons back further than one year. In this in terval the number of companies has increased from 6 to 9 (not counting one company which is too new to have a statement); capital has risen from $13,425,600 to $20,485,300; surplus and profits from $14,471,934 to $24,922,243, and deposits from $41,339,273 to $62,910,106. The growth in deposits continued, it will be observed, even during the last six months, though it is only proper to say that some of the separate com panies suffered a shrinkage during this period, as may be seen by their state mentson subsequent pages. St . L o u i s . Capital. D ee. 3i. I9u l (6 c o ’ s.)... . .$13,425, UO J u n e 30,1902 (9 c o ’s.).. ... 19,928,250 D ec. 31,1902 (9 c o ’ s.).. .. 20,485,300 R A IL R O A D Surplus and Profits. $1*.471.984 22,775,817 24, *22,213 Deposits. $11,339,^73 65.481.552 62,910,106 Aggregate Resources. $69.82^,303 9 8 .928.312 109,167.449 GROSS E A R N IN G S F O R THE CALENDAR YEAR. Another increase of notable proportions on top of the marvelous increases of previous years, is the rec ord of railroad gross earnings for the calendar year which has recently closed. If the improvement made in the years preceding was such as to attract univer sal attention and furnish evidence of the wonderful industrial prosperity which the United States has been enjoying for so long a time, the results for 1902 must be regarded as still more noteworthy in the same respect, affording striking proof of the continuance of this marvelous era of industrial advancement. For the fact should not be overlooked that the 1902 gains were made In face of some adverse con ditions of wide influence and importance. In the first place, there was a great shrinkage in the volume of agricultural products as a result of the previous season’s extraordinary crop shortage, and in the second place the anthracite coal-miners’ strike proved one of the most disturbing events of its kind of which trade annals furnish any record. This labor conflict, as will be recalled, lasted from the 12th of May to the 23rd of October, and so diminished the supply of fuel, both during its continuance and for a long time subsequently, as to constitute a serious im pediment to industrial activity— many industrial es tablishments using anthracite suffered from a short ened supply nearly the whole time and some actually were forced to close up for longer or shorter periods. As far as the crop shortagewas concerned, one not familiar with the facts, after seeing the tremendous THE CHRONICLE. F ebruary 7, 1903.] farther gains in earnings, might be Inclined to think that a crop failare Is a matter of comparatively little moment. An analysis of the traffic statistics of the different roads, however, will show that the effect of the crop shortage was very pronounced, but was off set in this instance by gains in other branches of busi ness. The great favoring influence of the twelve months, as in the years immediately preceding, was the uninterrupted prosperity and activity of indus trial Interests as a whoie—a prosperity and activity so pronounced that even such important drawbacks as fuel scarcity and grain shortage could not hold the forward movement in check. This trade activity caused a further increase in merchandise traffic and in general freight and also a further increase in the volume of passenger business. The iron and steel trades were prosperous almost beyond measure. As a consequence a great increase oc • curred in the shipments of ore and other raw materials and also a large expansion in the movements of the manufactured articles. Furthermore, this and the activity of other industrial interests brought a great Increase in the shipments of coal; we mean the ship ments of bituminous coal, anthracite coal being a feature in industrial affairs only on the Atlantic Coast. The situation as to the volume of tonnage was illus trated in the congestion of freight at Pittsburg with which the Pennsylvania Railroad Company had to struggle, and which got so bad in November that special efforts on the part of President Cassatt alone prevented a complete blockade. Shipments of iron ore by water from the Lake Su perior region in the season of 1902 amounted to 27,039,169 tons, as against only 20,157,622 tons in the season of 1901 and 18,570,315 tons [in [the season of 1900. Here was a gain of not far from 50 per cent in two years, which meant a very large increase in the traffic of the roads carrying the ore to the head of the lakes; again it meant a large expansion in traffic over the distributing roads moving the tonnage from the Lake Erie receiving ports to the points of final destination at the furnaces. An idea of the expan sion in the coal tonnage is furnished in the case of the shipments over the Pennsylvania Railroad. This Important system had its anthracite tonnage cut just about in two— that is the shipments were diminished, roughly, 2± million tons. On the other hand, its bi tuminous coal tonnage was augmented 6£ million tons and its coke tonnage 1£ million tons, so that alto gether the system east of Pittsburgh and Erie moved 6 million tons more of coal and coke in 1902 than in 1901—38 million tons say, against 32 million tons. We have returns of earnings for the full twelve months from 168,019 miles of railroad in this country. On this mileage gross earnings show an increase as compared with the twelve months preceding of $91,999,218. We have returns from a few thousand miles more of roads which have as yet reported for only 11 months of the year. Combining these with the others we get an aggregate increase in the sum of 93 million dollars, o r 6*41 percent, the increase in extent of road operated having been 2,754 miles, or 1*64 per cent, as will be seen by the following. Miles of Road End of Period. Gross Earnings. 1902. 1901. Increase. 1902. 1901. $ $ $ 1 2 8 roads tw elve m os. 1,682,233,221 1,440,284,008 91,999,218 1 9 roads eleven mos. 10,492,611 9,607,002 885,609 168.019 2,376 165,800 2,341 Grand tot. (1 4 V r’d s ) .l,542,795,832 1,449,841,«’05 92,884,827 170,395 167,641 295 We wish to direct attention to the magnitude of the totals here disclosed, the aggregate for 1902 run ning considerably in excess of 1,500 million dol lars ($1,542,725,832), affording an idea of the size and extent of the railroad industry. The increase of 93 million dollars in 1902 follows the most extraordinary series of large and con tinuous gains of which trade annals furnish any rec ord. For instance, it succeeds $143,017,801 gain reported by us for 1901, $100,915,767 gain in 1900, $101,316,883 gain in 1899, $77,647,719 gain in 1898 and $54,490,563 gain in 1897. We give herewith the figures back to 1894, when losses were as striking as gains are at present. Mileage. /a n . 1894 1896 1896 1897 1898 1899 1900 1901 1902 1 to Dec. 81, (186 roads). (195 roads). (196 roads). (192 roads) (190roads). (168roads). (171 roads) (157 roads). (147 roads). Earmings. Tear Preceding Tear Given. Tear Preceding. Increase or Decrease. Miles. Miles. 145,897 143,062 148,916 154,930 167,801 166,958 157,401 178,879 170.395 144,914 142,689 147,710 163,133 166.895 163,535 162,122 170,649 167,641 i 826,599,690 842,460,397 879,622,089 974,468,763 1,050,896,038 1,138,928,916 1,216,924,951 1,495,915,409 1.642,725.831 $ 937,841,629 796,544,783 877,303,695 919,970,190 978,247,319 1,027,612.080 1,110,009.1*4 1,352,897,605 1449,811,005 » De 111,241,989 In c.45,916,614 In c. 2,818,894 In c.64,490.503 In c.77,647,719 In . 101,316,836 In 100,915.767 In.148,'17,801 Inc. 92,884,827 Tear Given. N o t e —W e n o lo n g e r I n c lu d e t h e M e x i c a n r o a d s in o u r t o t a l s , n o r d o w e in c lu d e t h e b u s in e s s o f t h e c o a l c o m p a n i e s , lik e t h e L e h ig h V a l le y Goal C o m p a n y a n d t h e P h ila d e lp h ia & R e a d in g Goal <6 I r o n C o m pany. Our figures in all these instances cover merely the roads from which we have found it possible to pro cure returns. The mileage represented in 1902 1b, as we have seen, 170,395 miles. Taking 200,000 as, roughly, the mileage of the entire railroad system of the coun try, it will be seen that 30,000 miles do not find rep resentation in our compilation. By far the greater portion of the missing mileage is located in New England, where the roads do not furnish monthly re turns. We shoald judge that for the whole United States the increase in gross earnings in 1902 over 1901 must have been about 105 million dollars. On a pre vious occasion we estimated the gain in 1901 at 155 million dollars; that for 1900 at 120 millions; that for 1899 at 140 millions; that for 1898 at 90 millions, and that for 1897 at 75 million dollars. For the last six years, therefore, the aggregate increase has reached the enormous figure of 685 million dollars. In other words, the aggregate of gross earnings of United States railroads in 1902 was that much larger than the corresponding aggregate six years before, in 1896. What such an addition of nearly 700 million dollars means in the yearly gross income of the rail road system of the United States everybody is able to judge for himself, and it is unnecessary for us to en large upon the point. In one particular 1902 differed from the years immediately preceding. The gains in gross receipts were largely absorbed by augmented expenses. We need hardly tell the reader that this did not follow from any rate war or cutting in rates. Rate schedules were in fact well maintained throughout the year, injunctions granted at the instance of the United States Government having been instrumental to that end. The augmentation in expenses was directly the result of a higher operating cost— enhanced prices for material, supplies, fuel, etc., and also of wages. It is proper to say that this last factor— higher wages— will count as a still more prominent factor in the affairs of 1903. In November the Pennsylvania Rail road management announced a voluntary advance in wages of 10 per cent in the case of all employes get ting less than $2,400 a year, and this step was quickly THE CHRONICLE. 296 followed by other railroads throughout the oouutry, so that 1903 finds wages of railroad employes pretty generally higher. It is to be added also that the fact that the traffic offering was so greatly in excess of the facilities for handling it did not permit due economy in the move ment of the same, so that operating cost was increased in that way also. The precise extent to which the large gains in gross earnings were offset by aug mented expenses it will not be possible to state until all the net earnings returns for December have come in, which will not be for four or five weeks yet. The general trend is revealed in the case of the compila tions which we have previously presented for the months of October and November, and which showed in each case an augmentation in expenses in excess of gains in gross receipts. As concerns the shrinkage in the grain tonnage, we would direct attention to the following table showing the receipts of grain at the seaboard. It will be ob served that the corn receipts for the 52 weeks ending December 27 were only a little over 26 millions in 1902, as against 105 millions in w 1901 and nearly 202 millions in 1899. There were losses, too, in nearly all the other cereals, so that the aggregate receipts of wheat, corn, oats, barley and rye for 1902 reached not quite 221 million bushels, against 343 millions in 1901, 380 millions in 1900 and over 430 million bush els in 1899. In other words, as compared with three years before the loss was almost 210 million bushels. G R A IN A N D F L O U R R E C E IP T S A T S E A B O A R D . 1902. F l o u r .......... b b i s . 2 1 ,6 8 8 ,8 8 2 1901. 2 2 ,5 2 8 ,5 2 4 1900. 2 1 ,8 0 6 ,6 6 8 1899. 2 1 ,6 8 3 ,8 5 9 W h e a t ........ b u s h . 1 3 3 ,6 1 9 ,0 9 5 C o r n . .......... “ 2 6 ,3 9 1 ,6 2 0 Oats............. “ 5 1 ,2 2 5 ,2 9 8 B arley .... “ 4 ,0 2 0 ,9 4 1 Bye .............. “ 5 ,6 8 0 ,1 6 7 1 5 7 ,2 2 0 ,9 6 2 1 0 5 ,4 9 7 ,1 4 9 7 1 ,2 0 5 ,7 9 3 5 ,3 2 9 ,5 2 7 3 ,6 8 2 ,4 1 8 1 0 0 ,7 7 0 ,1 5 4 1 8 8 ,9 0 0 ,1 9 1 7 6 ,8 5 8 ,5 1 4 1 0 ,5 0 3 ,0 7 6 2 ,8 2 3 ,2 4 6 1 1 5 ,2 7 2 ,3 9 1 2 0 1 ,8 4 8 ,3 0 7 9 2 ,9 6 4 ,1 1 1 1 4 ,5 9 3 .6 7 4 5 ,7 8 0 ,5 8 6 T o t a l g r a i n . . . . 2 2 0 ,9 3 7 ,1 2 1 3 4 2 ,9 3 5 ,8 4 9 3 7 9 ,8 5 5 ,1 8 1 4 3 0 ,4 5 9 ,0 6 9 At the Western primary markets the situation was much the same, except that the loss was not quite so striking. For the 52 week? the aggregate of the wheat, corn, oats, barley and rye deliveries at these Western markets wa? only 578,721,441 bushels, as against 642,742,122 bushels in 1901, 661,178,841 bushels in 1900, 685,846,624 bushels in 1899 and 693,447,395 bushels in 1898. The wheat receipts 1 [V ol. LXXVI. The extent of the falling off in the West is per haps best indicated by taking the movement to Chicago. At that point we have the results for the even year, and the result is an aggregate for 1902 of 185,498,184 bushels, as against 245,440,273 bushels in 1901, 264,494,886 bushels^ in 1900 and 293,153,516 bushels in 1899. R E C E IP T S A T C H IC A G O D U R IN G D E C E M B E R A N D SIN CE J A N U A R Y 1 . W h ea t bush. C orn ...b u sh . O a ts ...b u sh . R y e ...b u s h . Barley.bush. 2,619 441 6,403 883 8,275.400 501,245 2,350,017 1901. the other cereals, ing table. The derails appear in the follow R E C B IP T 8 O F F L O U R A N D G R A IN F O B 5 2 W E E K S . flou r, (bbls.) Wheat, (bush.) Com, (busli.) Oats, (.bush.) Barley, (bush.) 0 M caooV ea r ’ 02. 52 wks. 7,476,018 37,812,453 49.892,0*4 78 401,040 14,820,473 Y ea r ’ 01. 52 wks 10.212.00) 60.836,644 83.757,202 90.327,847 15,816.383 Rue. (bush.) ! Milwaukee— Y ea r ’02, 52 wks 3.650,091 9.720,200 Y ea r V I, 52 wks 2,876,87) 12,444,050 a t. L ou ieY e a r ’02, 52 wks, 8,205.849 29,673.009 Y ea r ’01, 52 wks. 2,162.705 20,464.452 ToledoY ea r ’ 02, 52 wks, Y e a r ’01,52 wks. Detroit Y e a r ’02, 52 wks, Y e a r ’ 01, 52 wks. Cleveland Y e a r ’ 02, 52 wks, Y e a r ’o l, 52 wks. Peoria ■ Y e a r ’02, 52 wks, Y e a r ’01, 52 wks. 3,56( 12,534,260 676,461 7,877,426 2.681,870 6,837,000 13,086,400 2,973,400 8,110,000 11,747,300 2,150,989 1,923.249 817,785 687,650 1 0 6 1 1 ,61 4 6.653.491 6,674,057 6,365,208 21,904 231,618 318,480 1,278.887 869,850 353.671 8,430,43“ 3,021,652 2,811,956 3,241,599 4,202,090 8,6-8,319 838.840 238,850 8.245,611 2,798 099 5.109,651 9,458.968 7.862,022 8,817.099 1,041 1,046,746 937,99 2,709.530 1,708,600 18,869.189 12,144,598 19.071.801 12,641,80u 1,691,240 2,899,450 806,600 235.800 1,839,636 6,082,706 1,339.903 8.040,198 1,006,404 1,042,158 8.169,766 11,270,733 7,177,223 7,735,790 10,020,063 4,770,210 1,102,464 1,241,890 D tlu to - Y ea r ’02,52 wks, 5,704,26( 89.805,212 Y ea r ’01, 52 wks. 4,159,276 41,333,340 Minneavnli*— Y ea r ’02, 52 wks. Y ea r ’01,62 wks. Kansas City— Y e a r ’02,62 wks Y e a r ’o l, 62 wks. [ 15.011.656 20,041,510 20,176,905 15,192,885 ...... 87,948,918 ” 7,202 89,198,682 23,980,720 27,144,600 70,488 4,900,279 15,891,600 12,902,224 8,403,100 6,755,603 " 4 .OOO Total of all— Y ea r ’02, 52 wks. n,S95,88P !50,350,807 118,151,630 167700983 44,510,955 Y ea r ’01, 52 wks. 4.019,087 256,381,944 175.426.237 16189226i 39,932.224 7,886,666 9,167,405 1900. 8,139,694 3,473,919 5,787,650 442,282 2,993,500 4,094,557 9.666,057 7,307,300 142,051 1,844,877 1902. 1901. 1900. 37.951,578 60,618,677 78.793,820 3,109,641 14,961,678 6^380,580 84.136,547 90,632,152 8,244,324 10,046.670 89.498,298 110,803,450 94,336,702 1,978,701 17.832,009 T o ta l (train 20,150,016 15,840,045 22,954,448 185,498.184 245,440,273 204,494,880 690,704 1,247,993 905,192 7,285,209 10,243,917 9,302,662 Flour ..b b ls . 522 524 9,824 4 081 8,897 11 P ork ....b b ls. 8,916,316 19.903,270 111,357,931 162,157,2“0 197,167,918 Cut m ’ts.lb s. 17,244,019 9,259,229 71,484,803 00,761,945 4 598,445 7,311,499 41,256.800 L ard.......lbs. 820,850 8,396,261 8,903,228 8.696.084 959,995 L iv e hogsN o 1,030.519 The closing lines in the foregoing table indicate the provisions and live-stock movement. From these it j will be seen that the contraction in the grain move- '•[ ment was not the only los3 in tonnage that followed as the result of the deficient harvests of 1901. It will be noticed that only 8,396,261 head of hogs were brought into Chicago in 1902, as against 8,903,223 in 1901. Taking the live-stock movement as a whole at Chicago, that is cattle, calves, hogs, sheep and horses, the deliveries comprised 278,100 car-loads in 1902, as against 291,741 car-loads in 1901. At Omaha the live stock deliveries appeared to have been somewhat larger than in 1901, but at the Kansas City stockyards the showing was much the same as at Chicago, deliveries being only 117,730 car-loads, as against 134,958 car-loads. The cotton movement at the South as measured by the receipts at the Southern outports did not greatly vary in the two years, though some of the separate ports, notably Galveston, suffered some con traction. The shipments overland were 1,574,026 bales in 1902, against 1,589,104 bales in 1901, 1,737,903 bales in 1900 and 2,060,671 bales in 1899. RJBCEIFTB O F C O TTO N A T S O U T H E R N P O R T S IN D E C E M B E R , A N D FRO M J A N U A R Y 1 TO D E C E M B E R 3 1 , IN 1 9 0 2 , 1 9 0 1 A N D 1 9 0 0 . December. P orts. 1902. , Tear. December. 1902. G a lv eston . ...........bales Sabine P ass & c.............. New O rlea n s....................... M obile................................... Peasaoola, &o...................... Savannah................. .......... Bruns w tok .& o................ C harleston........................... P o rt R oy a l, & c................ W ilm in gton ........................ W ashington, * c ........... N orfolk ............................... N ew port News, & c ........... T o t a l.......... .............. 1901. Full Tear. 1900. 1902. 1901. 1900. 202,803 ~ 8 8 M 7 9 - 35O.90S 2,105,766 2,210,561 1,699,507 9.908 126,256 22,996 70,866 75,390 20,481 400,432 886,400 395.890 2,320,888 2,278,303 4,358,547 20,829 181,904 127.105 178,889 41,997 29,911 45.349 32,143 175,649 223,936 162.916 43,168 216,150 202,911 149,000 1,231,770 1,213,427 1,143,914 18,957 128,868 171,186 123.008 24,438 25,512 65,115 22.631 249,870 264.231 270.189 38,393 2,538 608 222 492 206 035 33,942 339,376 205.198 280,274 51,725 44,623 880 639 804 70 57 81 102,424 68,928 483.069 404.972 438,290 79,818 40,215 17,996 51,984 8,780 2,209 8,070 1,204,007 MSP.TSl 1.112,806 7.883 966 7.311.240 <1788,064 It is a noteworthy fact that the improvement in earnings continued through all the months of the year. In February and March, and particularly in the first-mentioned month, exceedingly bad weather was encountered— the worst in years—and as a conse quence the gains in earnings were greatly reduced; still they were not altogether wiped out. During the period of the strike the anthracite coal roads sus tained very heavy decreases, and some of the other Eastern roads at this time also suffered by reason of the fact that comparison was with the Pan-American Exposition in 1901. Our industries, however, re mained in a state of great activity, and in some of the closing months also the grain movement made an THE F ebru ary 7, 1903.] im p r o v e d c o m p a r is o n w itn 1901. CHRONICLE H e n c e n o in t e r r n p tio n to th e m o n t h ly in cre a s e s o c c u r r e d . I n f a c t th e r a tlc o f g a in in e a rn in g s f o r D e c e m b e r w as th e b e st o f a n y m o n th o f t h e y e a r, w ith th a t f o r A p r il. th e s in g le e x c e p t io n o f I t re m a in s t o b e sa id t h a t, b esid es th e s tr ik e at th e a n t h r a c it e m in e s , th e ro a d s in V ir 297 PRINCIPAL CHANGES IN G RO SS R A R N IN G 8 F O R 1 1 M O N T H S , I n p r p B m o m Ft. W. A Denv. City.. * $309,669 St. Jos.A Grand Isl’ d.. Gulf A8hlp Islan d .... 274,157 Copper Range............. 157.206 Total (representing Lexington & Eastern 109,809 1 road)............... Total (representing 4 roads)................. T o c o m p le t e $196,629 $196,629 $850,901 o u r a n a ly sis w e a n n e x t h e f o llo w in g g in ia a n d W e s t V ir g in ia s u ffe r e d f r o m a s tr ik e o f th e s ix -y e a r c o m p a r is o n o f b itu m in o u s m in e r s ; th is , t h o u g h , w h ile s e v e r e ly r e sy stem s, a r r a n g e d d u c in g th e e a r n in g s o f th e c a r r ie d b a c k so fa r , re su lts are e x c e e d in g ly s t r ik in g , n o v is ib le e ffe c t o n C h e sa p e a k e & O h io , h ad th e N o r f o l k & W e s t e r n — w h ic h , ea rn iD gs f o r le a d in g ro a d s o r in grou ps. m a k in g d u e a llo w a n c e f o r th e W it h th e c o m p a r is o n a d d it io n s to le n g t h o f in d e e d , g a in e d h e a v ily as a r e s u lt o f th e c o n t r a c tio n r o a d w h ich h a v e o f th e s h ip m e n ts o v e r t h e C h e s a p e a k e & O h io . B e lo w ta k e f o r illu s t r a tio n m e re ly tw o e s p e c ia lly c o n s p ic u o u s w e sh ow t h e to ta ls f o r e a c h m o n t h o f t h e y ea r. cases. Mileage. Period. Gbrass Earnings. In crea se. 1902. 1901. 1902. 1901. M iles. Miles. January (91 roads).. 95,f 50 Febr’ary (92 roads).. 94,014 92,041 March (89 roa d s).... April (88 roads)........ 95,147 May (84 roads)......... 91,858 June (81 r o a d s )-.... 85,554 July (79 roads)....... 94,718 August (70 roads). 90,102 Sept’ber (72 roads). 89,080 O ctober (78 roads) 91,531 Novem ber (74 r ’ds) 90,100 Decem ber (80 r’ds) 100,088 94,011 93,209 90,181 93,000 90,202 $ 57,109,120 50,301,094 83.947,913 57,842,565 64,942,317 50,238,278 01,197,348 58,887,908 01,054,020 09,104,832 02,023,087 70,709,049 $ 53,120,110 48,404,740 50,750,057 52,093,000 50,323,090 40,882,298 50,840,967 60,213,712 50,278,213 04,700,432 57,988,250 04,410,412 88,000 92,947 88,010 88,083 89,011 88,251 98 801 $ 4,043,010 1,890,954 3,197.850 5,749,505 4,019,227 3,355,981 4,347,381 2,074,190 5,370,413 4,344,400 4,039,837 0,352,037 P. C. 7-01 3’92 0-30 11-03 9-18 710 705 4-70 9-55 0-71 6-07 986 I n t h e ca s e o f t h e se p a ra te ro a d s, th e P e n n sy lv a n ia , as w o u ld n a tu r a lly b e e x p e c t e d , le a d s a ll o th e r s in the am ount of g a in , m o n th s b e in g its im p r o v e m e n t $ 1 7 ,4 1 8 ,9 0 0 . T h is fo r th e tw elv e c o v e r s m e r e ly th e lin e s d ir e c t ly o p e r a te d east a n d w e st o f P itts b u r g h . T h e lin e s c o n t r o lle d are n o t in c lu d e d . W it h th ese a d d e d o n , t h e a m o u n t o f th e im p r o v e m e n t f o r th e 12 m o n th s w o u ld b e s till la r g e r . T h e G re a t N orth ern co m e s n e x t f o r a m o u n t o f g a in , h a v in g a d d e d $ 6 ,3 5 0 ,357 to its p r e v io u s y e a r's to ta l. T h e N o r t h e r n P a c ific , C a n a d ia n P a c ific a n d B u r lin g t o n & Q u in c y fo llo w im m e d ia t e ly b e h in d . In fa ct th e g a in s w e re la r g e a n d g e n e ra l in a ll p a rts o f th e c o u n t r y . W e fu r n is h b e lo w a lis t s h o w in g a ll c h a n g e s , w h e t h e r in c r e a s e s or d ecrea ses, e x c e e d in g $ 1 0 0 ,0 0 0 in a m o u n t . I t w ill be n o tic e d th a t t h e d e cre a se s are lim it e d t o th e fe w a n th r a c ite c o a l r o a d s , s u p p le m e n te d b y th o s e sy stem s w h io h Buffered m o st s e rio u s ly f r o m t h e c o r n -c r o p s h o r ta g e . PRINCIPAL CHANGES IN I ho G R O SS EARNINGS FOR 1 2 M O N T H S . In c re a s e s . The o c c u r r e d in th e in t e r v a l. A t c h is o n T opeka & S a n ta ea rn ed $ 5 9 ,9 5 3 ,8 7 8 g r o s s ; in 1897 was o n ly $ 3 6 ,5 0 6 ,7 5 9 . The W e m ay F e in 1902 th is s y s te m 's t o ta l G re a t N o rth e rn earn ed $ 4 0 ,2 0 5 ,6 2 2 in 190 2, as a g a in s t $ 2 0 ,7 4 7 ,4 2 4 in 1897. EARNINGS OF SOUTHERN GROUP. Tear. 1902. S « t Alabama Gt. So. Cent, o f Georgia. Ohesap. A O hio.. 01n.N.O. A T e x .P . L onliv. A Nashv.. Mobile & O h io .... Naah.Chat.& 8 t.L. N orfolk & West.*! Southern R y ... v Memphis Dlv. > 2,570,468 8,802,870 15.084,620 5,811,799 83,0. 9,014 t6,901,818 *8,088,021 18,918,718 2,364,802 7,323,294 16,894,223 5,335,104 29.336,819 40,173,408 *7,081,884 10,024,516 2,088,148 6,573,2-6 14,490,741 4,980,521 27,471,773 +0,014,650 *7,390,406 15,381,410 1900. 1901. 40,033,113 30,708,627 33,466,241 1899. 1898 1897. t 1 t 1,998.606 1.750,493 1,051,960 5,781,048 5,017,754 5.423,547 12,619,486 11,999,491 11,397,418 4,825,754 4,058,994 3,069,112 20,OO1,1C0|22,808,08" 20,853,205 +5,582,708 +♦,391,42) 4,012,706 *0,474,202 6934,207 5,400,927 12,823,627 11,404,475 10,892,268 25,450,973 20,049,294 ( 1,618,01 J 1,500,130 1,404,078 St. Louis Dlv A Tazoo A Miss. Val. 6,995,108 0,862,308 6,600,102 5,139,712 4,821,807 3,948,453 T o t a l.. 147011061 133784884 123302283 112538 070 100408882 89.413,564 • Includes Pad A Memphis Div. in these years and for last sis mos. o f 1899. 6 Freight on material carried fo r com pany’s own use is no longer credited t o earnings, the item having been eliminated from both earnines and expenses The figures fo r 1902, for 1901 and fo r the last h alf o f 1900 are g iven on this batis E A R N IN G S O f Tear. B al.A O ..* B.AO .S.W C.C.C.&StL Peo.AEast E r ie ........... G .T .of Can. G r.T.W est D.G.H.AM L.Sh.AM.S. M.C.& C.So. N.V.C.AH+ Penn., east o fP . & E . W abash.... TR U N K L IN ES. 1902. 1901, 1900. $ t $ ^50770,700 *53,057,818 45,318,216 1899. $ 38,248.271 18.976,570 18,eO8,640 17,402,093 15,012,82 2 ,0 8 2 /7c 2,014,703 2,000,035 2,404,04k 41,669,237 41,090,809 37,273,156 36,800,409 f 21609878 >31045497 28,964,058 27,540,800 < 8,603,75. ' 1,000,014 30 156,000 29,872,075 20,400,514 23,013.94 18,660,000 18,490,274 10,730,181 15,504,002 71,944,902 69,788,474 00,584,095 52,102,047 a l 12003295 alO1829795 85,575,912 19,934,316 18,388,202 10,895,70* 72,922,711 15,043,958 1898. 1897. 1 $ i 28374,989 £0,103,177 ( 7,116,504 14,082,601 1,910,014 32,800.010 19,525,939 8,060.303 942,218 20,754,683 14,046,149 47,010,809 0,450,972 13,848,631 1,750,025 33,137,072 19,484,489 3,083,197 938,758 20,297,722 13,097,239 40,730,327 85,003.012 64,223,012 13,793,507 12,200,206 404,414,285 381,631,847 -480,167,320 2W6,n- 0,67- 270,216,237 262,060,725 T o ta l. * A fter July l in 1901 and 1902 includes Pittsburg A Western, Ac. a Buflalo & Allegheny Valley D ivision Included in 19 2 and i90L t Boston A A lbanv included in 19u2, in iwOl and from July 1,1900, th e B eech Creek RR. and toe Wallkill Valley R R . fo r all th e years, and th e F all B rook system a fte r May 1,1899. EARNINGS OF 8OUTHWE 8TERN GROUP. Pennsylvania R R .t. .$17,418,900 Mo. Kans. A T e x a s... $845,989 Great North’ n (2 r’d8) 6,350,357 Denver & Rio Grande 820,180 Northern Paoiflo........ 5,973.217 Chicago & Alton........ 307,078 Canadian Paoiflo........ 5,652,697 Georgia R.R................ 239,554 Ohio. Burl. A Quincy.. 5,195,515 Toledo <fc Ohio Cent... 288,245 1900. 1899. 1S98. 1897. 1902. 1901. Year. Southern Paoiflo 8ys.. 3,726,283 Alabama Gt. Southern 221,656 Baltimore A Ohio....... 3,712,882 W. Jersey & Seashore. 215,100 « * t 1 * t Louisville A Nashville 3.692,205 Terre H. & Ind’polls.. 207,812 Union Paoiflo.............. 3,451,958 Bangor & A roostook.. 201,301 Atch.T.& S.F. 59.853,878 58,404,462 i 9,977,31' 43,289,34+ 89,875,970 30,606,769 i 1103-165 9,714,72 8.7,0.888 7,051,123 Southern Railway___ 3,324,586 Duluth So. 8h. & A tl.. 192,083 Den.AK.Gr.> 17,108,801 Illinois Central........... 3,164,196 Northern Central....... ISO,'00 8,887,594 3,288,802 2,971,225 ( 4,799,23 B .G r. W .. ) St* Louis <te San P .. / n a no Southern Indiana....... 179,248 Int.A G t. No. 4,4*7,115 4,177,7*,2 3 990.201 3,654,433 5,148.C O S 5,184,031 Chicago & E. Illln. \ 2.870,408 St Louis Van. AT. H. 176,085 Norfolk 4 W estern.... 2,294,203 Chic. Term’l Transfer 172,980 Mo. K. A Tex 16,709,897 16,363,90- 13,495,30: 12,204.2 i? 11.650.250 11,973,780 N. Y. Central.............. 2,211,488 Ga. Southern & F la ... 163,548 Mo.P.AIr.Mt 87,505,087 36,600,358 32,292,28 28 342,874 8 0 .2 792 25,932,822 0,482,147 , 7,374,: 40 6,983.097 Gr. Trunk 8ys. (3 r’ds). 2,091,438 Michigan Central....... 159,7.6 3t. L. A 8 . Fr. Ohio. & Nor. Western.. 2,049,384 Lake Erie & Western.. 157,150 K.C F.S.AM. >22754315 20,774,007 10,522,097 ) 6,338,' 50 4,884,2tW 4,914,225 Ohio. Mil. & St. Paul.. 2,042,832 Chioago Juno. R ’ways 124,763 651,738 ( 487,634 422,830 F .W .A R .G r. Atlantlo Coast Line... 1,669,184 Virginia A S Western 123,761 3t.L. Southw 5 7,291,910 7,366,004 6,655,35* 5,845 654 5/48,173 4,913,180 Atch.Top. ASanta Fe. 1,549.416 San Fran. & No. Pao.. 123,528 Wabash....................... 1,546,053 Evans & Terre Haute 123,354 South'n Pac.. 85.849.9U 82,123,027 71,579,987 04,657,2 9 58,025,778 54,050,796 Minn. St. P. A 8. St. M. 1,224,948 Iowa Central.............. 121,422 Taxai A Pao. 11,205,875 11,7 60,941 9,761,121 8,800,165 8,007,50s 7,688,649 Central of Georgia__ 1,038,9+2 Tol. St. L. & West...... 121.373 Total........ 203,614,287 255,469,021 220.447,92* 195,070,60) 179666850 (107,070,406 Nash. Chat. A> St. L ... 1,006,137 Buffalo & Susquehan. 119,928 Lake Shore A Mloh. So. 882,325 Atl. Knoxv. & No....... 116,782 Union P a o... ) r .......... Mo. Paoiflo & Ir. Mt. > Hunt’ ng & Broad Top 10*. ........ O re.RR.A N. > 44085848 45,034,890 41,855,365 37.037,925 / .......... Central Branch ... > S4»,2 , y Minn. A St. Louis....... 103,719 Oreg. Sh. L.. ) c .......... Seaboard Air L in e.... 798,132 Detroit Southern....... 100,428 Mobile & Ohio............. 788,410 ............ T ota l........... 312,701.186 301,093.911 262,801,271 2 3 '.’ 0s 52* Wisconsin Central.... 776,431 Total (represent E A R N ING S O F A N T H R A C IT E C O A L G R O U P . Colorado & Southern. 774,919 ing 79 roads)..$101,019,199 Pere Marquette.......... 762,079 1897, 1899. 1690. 1901. 1900. W a r. 1902. Chic. St. P. Minn. & O. 711,118 D ecreases. Hooking VaUey.......... 686,658 Lehigh VaUey............. $3,978,850 I * $ 6 * $ Kan. City Southern... 671,625 Central of New Jersey 1,675,837 Wheeling & Lake Erie 663,575 Reading t-................... 1,383.917 Cent. N. J. 15,107/61 16,783,49- 15,733 ?48 14,810.00 12,558,241 12,664,291 Yazoo A Miss. Valley. 663,600 N. Y. Ont. AWestern.. 808,858 L .Y a l. R R t *23,174,514 *27,153,804 *23,019,282 *22/59,101 *1P,7s 2 /3 8 *19,559,107 Phil. Balt. & W ash.... 605,300 N. Y, Sue AW estern. 671,615 N .Y .O .& W . 5,057,106 6,804,026 4,630.151 4,8 8.982 3,877,699 3,960.279 Erie RR....................... 668,828 Texas A Paoiflo.......... 564,063 N .Y .S .A W . 2,124.860 2,790,495 2 /2 0 ,1 0 - 2,007,361 2,328,3+1 2,207,013 Long Island................. 512,760 N. Y. Chioago A St. L. 345,975 24.749,87' 22,096,159 81,264,805 Ala.N.O.AT. P. (3r’ds) 484,917 Chesapeake A O h io... 259,697 Ph,& Read+ 28,090,059 29,478,970 27,137,809 Oln.N.Orl.A Texas P.. 476,695 Texas Central............. 125,297 T o t a l . . . . . 73,654,282 82,071,859 73,082,696 09.706,82* 0.1,002,028 5 9 ,72 0 /1 6 Buffalo Roch. A Pitts. 422,864 Olev. Cln. Ohio. 4 St. L. 368.030 Total (representing tT h ese are the earnings o f the railroad com pany on ly; results o f coal-m in-ng Ohio. Indplla A Loulsv. 351.684 9 roads).............. $9,812,109 operations are not included in any o f the years. . . . . . t The totals fo r the veats from 1897 to n*00 , inclusive, are for the tw elve ♦These figures cover lines dlreotly operated east and west of Pitts months to Nov. SO, and do not include earnings o f toe water lines or incom e burg and Erie. The results for the Eastern lines show an inorease of from tnvosunen s; for the years 1901 and 1992 results are for the ealen faryear $11,333,500; and for the Western lines an increase of $6,085,400. ending December SI, and are Inclusive o f results f, r the water lines during t h e IThls is for the Philadelphia & Reading Railroad Company only; first six m ow hs and Inclusive also o f incom e from investm ents fo r the w hole the JCoal A Iron Company shows a deorease ofj $12,669,508. tw elve m onths. 298 THE CHRONICLE. E A R N IN G S O F M ID D L E A N D M ID D L E W E S T E R N R O A D S . •T ea r . A n n A r b o r .------- B u ff.R och . A P itts C hicago A B ast 111. C h loJ n d .A Louisv. K va n sv.A T erre H H ock in g V a lle y ... Illin ois Central *. Lake Erie A W est. P ere M a rq u ette... St. L . V an. A T. H . T o l. A O hio C e n t .. T ol. P eo. A W est. T o l. St, L. A W est W h eel. A L . Erie. C lev. Can. A SA T o t a l................ 1002. 1001. 1000. 1899. t 1,803,672 6,678,505 6,865,650 4,760,065 1,584,610 6,604,321 12,242,086 4,600,354 9,898,240 2,244,625 2,977,14. 1,164,894 2,824,665 1 1,832,545 6,255,731 5,930,634 4,398,371 1,461,20.“ 4,917,663 30,078,790 4,533,204 9,130,101 2,008,640 2,763,896 1,165,508 2,703,102 $ 1,731,601 5,609,000 6,328,047 4,139,929 1,117,819 4,709,708 M,687,703 4,284,780 8,296,111 1,930,982 2,633,072 1,119,525 1,980,415 $ 1,056,968 4,074,600 4,808,073 3,868.981 1,400,007 3,581,677 30,095,898 3,787,301 7,300,739 1,854,179 2,044,025 1,0*3,379 1,971,400 \ 3869,040 3,105,466 2,901,694 N om e o f R o a d . 1898. t 1,408,541 3,811,729 4,803,110 3,S23,0l7 1,201,451 2,701,086 27,630,274 8,407.879 +0,585,241 1,727,521 1,871,635 970,908 2,119,158 ( 1478,187 2,487,235 ( 713,121 1697. t 1,314,191 3,452,098 4,148,209 3,300,654 1,131,483 2,538,000 84,788,905 3,489,397 +6,761,687 1,540,827 1,782.621 941,172 2,244,818 1,193,075 067,316 07,263 057 89,426,860 80,738,876 70,109,482 83,602,00 58,074,530 t T h ese figures are sim ply th e tota ls o f th e Chicago A W est M ich igan , D e troit Grand Rapids A W estern and F lint & Pere M arquette com bin ed. t R esults on Y azoo Branch are n o t in cluded a fte r 1897. E A R N IN G S O F N O R T H W E S T E R N A N D N O R T H P A C I F I C G R O U P . Y ea r. Canadian Paoiflc. Chic.B url.A Quin. G hio.G t. W e s t... C h ic.M il. A S t.P .. Chic. A-N orth W Chi. St.P .M . A O .. D uluth S .8.A A tl. Qt. N orth , system Iow a C en tra l....... M inn.A St. L ou is. M. S t .P .A S .S .M . N orth . P aciflc.b ^ S t.P au iA D u l .) St. Jos. A Gr. Is l.. W iscon sin C en t’l. 1902. 1901. 1900. 1899. 1898. 1897. t f 8 t * 30,452,839 *9.230,037 *6,138.976 <4,049,634 48,489,10( 46,688,908 48,165,944 39,890,266 0.832,019 6,3-9.340 5,506,511 5,078.890 41,691,69b 10,600,035 36,089,734 42,178,760 42,538,433 41,437,101 *7,161,01* 38,474,008 10.841,998 10,488.814 9,690.99> 8.052,793 9,657,073 2,407,430 i , 62 i,eoe 1,591,115 *28861774 **7*52669 *14538498 40,747,424 *,228.376 2,294,685 2,017,987 1,783,587 2,071,168 2,800.521 2,248.838 2,154,985 4,703,042 4,609,03* 4,263,14.i 3,899.641 48,901,062 !0,368.8f9 21,020.532 44,707,078 38.734,401 32267561( 1,916,477 1,690,120 1.013,217 ♦1,240,323 1,430,952 1,363.032 1,369,530 1,225,089 1,162,704 6,407,486 6,631,155 5,344,481 5.630,8Or 4,938.594 4,512,231 $ 40.120,406 57,202,0"4 7,494,709 40,404839 47,571,413 11,907,621 2,741,049 *40,205,022 2,518,199 3,570.943 0,825,377 34,467,709 52,007,159 7,438,7 C8 44,362,007 45,522,0*9 11,196,403 2,548,966 *33855206 2.390,777 3,473,224 5,600,420 T o t a l................ 318,984.299 288731204 200018454 250853912 220799670 201757202 b In clu d es p roprietary lines Id 1 9 0 2 ,1 9 0 1 ,1 9 0 0 ,1 8 9 9 and 1898. i In cludes th e earnings o f Spokane Falls & N orth ern fo r th e en tire tw elv e m onths in 1 9 0 2 ,1 9 0 1 .1 9 0 0 and 1899, and from July 1 in 1898. * Figures fo r Dec., 1902, n o t reported; taken same as last year. G R O S S E A R N IN G S F R O M J A N U A R Y 1 T O D E C E M B E R 31. N am e o f R oa d . 1902. 1901. In c r e a s e . $ Alabama Gt. Southern. Ala. N. O. A T e x .P a o .— N. O. A Northeast’n ... Alabama A Vicksb’ g . . Vicksburg Shr. A Pac. Annap. Wash. & Balt---Ann A rbor.............. ....... Atch. Top. & Santa Fe .. Atl. K noxv. North’n. Atlantic & Birmingham Atlantic Coast Line...... Balt. A An. Sh.Line....... Baltimore <fc Ohio___> Balt. & Ohio So’w ’ n $ Bangor & Aroostook — Bath & Hammondsport Bellefonte * entral........ Boston Rev. B. <fe Lynn. Bntf. Roch. A Pittsburg Buffalo & Susquehanna Canadian Pacific............ Oane Belt........................ Central of G eorgia....... Central of New Jersey.. Chateaugay.................... Chattanooga Southern. Chesapeake & Ohio___ Chicago & A lton........... Chic. Burl. A Quincy.... Chic. Great Western__ Chic. Ind. A Louisv....... Chic. Junction Railway Chic. Milw. A St. Paul.. Chicago A North West. Chic. St. P. Min. A Om... Chic. Term’l Transfer.. Cin. New Orl. A Tex.Pao. Clev. Cin. Chic. A St. L .. Peoria A E astern....... Colorado & Southern... Denv. A Rio Grande.. > Rio Grande Western s Detroit A M ackinac__ Detroit Southern........... Dul. So. Shore A A t l.... E r ie ................................. Evansv. A Indianapolis. Evansv. A Terre Haute. Fairchild & No. E ast... Farmville & Powhattan Georgia........................... Ga. Southern A Florida. GilaVal.GlobeANo Grand Trunk.......... Gr. Trunk Westerni/.l Det. Gr. H. A Milwr . . ) GreatNo. St.F.M. A M. > East’ n of Minnesota $ Montana Central........ Hocking V alley............. 2 ,5 7 6 ,4 5 8 D ecrease $ 2 ,3 5 4 ,8 0 2 1 [VOL. LXXVI. 22 1 ,6 5 6 2 ,1 3 3 ,4 3 8 1 ,9 5 2 ,7 2 5 9 84,993 1 ,0 5 6 ,1 4 4 958,524 1,1 9 1 ,5 8 2 77,034 83,415 I , 898,572 1.8 3 2 ,5 4 5 5 9 ,9 5 3 ,8 7 8 5 8 ,4 0 4 ,4 6 2 545,232 662 ,0 1 4 194,727 108 ,9 3 3 1 3 ,7 3 2 ,2 7 9 12.C 63.095 100 ,2 9 2 111,370 2 8 ,9 5 4 ,0 5 9 2 ,0 9 1 ,4 3 8 3 8 ,2 6 3 ,7 6 0 1,941,862 5 ,604,321 3 1 ,9 2 3 ,9 3 6 1 ,931,329 4,9 1 7 ,6 6 3 6 ,339,824 10,533 686 ,0 5 8 In crea se. 1901. Decrease, $ Hunt’gdon'A Broad Top 7 5 4 ,6 3 3 105,613 860 ,246 Illinois C en tra l.,.......... 4 2 ,2 4 2 ,986 3 9 ,078,790 3,164,196 Illinois Southern........... 144,715 19,024 125,691 Ind’ a Illinois A Iow a ... 1,6 8 2 ,989 48,673 1,63 4 ,3 1 0 int. A Great Northern.. 5,184,061 5,148,093 35,968 Iowa Central.................. 2 ,5 1 8 ,1 9 9 2,396,777 121,422 Iron Railway.................. 84,097 72,879 11,218 Kanawha A Michigan. . I , 019.577 43,954 I. 063.5311 Kansas City Southern.. 6,10 7 ,458; 671,625 5,43 5 ,8 3 3 Lake Erie A W estern... 4 ,6 9 0 ,3 5 4 4,533,204 157.150 Lake shore A Mich. So. 30,1 5 5 ,000! 2 9 ,272,675 882,325 Lehigh Valley R R ........ 2 3,174,514 27,153,364 3 ,9 7 8 ,8 5 0 6,0 1 9 ,694 Long Island RR..... ....... 5 1 2 ,760 5,506,934 3 3 ,0 2 9 .0 2 4 Louisville A Nashville.. 29 ,3 3 6 .8 1 9 3,69 2 ,2 0 5 141,767 Macon A Birmingham.. 24 ,2 9 3 117,474 104,558 1 1 ,0 9 6 Manistiqne..................... 93.462 1 8 ,6 5 0 ,000 18,490,274 1 5 9 ,726 Michigan Central........ 44 ,312 40,259 4,053 Millen A Southwest...... 568,411 Mineral Range.............. 10,212 5 7 8 .6 2 3 103.719 3 .5 7 6 ,9 4 3 Minneapolis A St. Louie 3,473,224 6,8 2 5 ,377 Minn. St. P.A S. Ste. M. 5 ,6 0 0 ,4 2 9 1,224,948 16,709.897 16 ,3 6 3 ,9 0 8 3 4 5 ,989 Mo. Kan. A T exas....... 3 6 ,4 1 9 ,6 1 9 35 .3 5 2 ,8 1 6 1,066,803 Mo. Pacific A Iron Mt. 2 2 1 ,5 2 4 1,086,018 Central Branoh......... I, 307,542 49,742 11201,921 U152,179 Mobile Jack. A K. City. 788,410 6 ,9 6 1 ,8 1 8 Mobile A Ohio............... 6,173,408 7,681,884 1,006,137 8 ,688,021 Nashv. Chat. A St. L f. 155,309 1 81,660 26.291 Nev.-Cal.-Oregon........... 1,700 39 ,437 Nevada Central............. 3 7 ,7 3 “ N. Y. Cent. A Hud. Riv. t. 7 1 ,9 4 4 ,962 6 9 ,7 33,474 2,21 1 ,4 8 8 3 4 5 ,9 7 5 7,485,484 7 ,1 3 9 ,6 0 9 N. Y. Chic. A St. Louis.. 8 0 6 ,8 5 8 5,864,026 5 ,0 5 7 ,1 6 8 N.Y.Ontario A West’n .. 109.221 102,260 6,961 N. Y. A Ottawa............. 6 7 1 ,6 1 5 2 ,1 2 4 ,8 8 0 2,796,496 N. Y. Susq. A West....... * or folk A Western........ 1 8 ,9 1 8 ,718 16,624.515 2,294,203 1 8 9 ,7 0 0 8 ,456,748 8,26^,048 Northern Central.......... Northern Pacific 11 ........ 4 4 ,7 0 7 ,678 38,734,461 5 ,9 7 8 .2 1 ' 49 ,8 2 2 5 2 4 ,2 2 3 474,401 North Shore (Cal.)........ Pennsylv.—E. P. A Erie 1 1 2,063,295 101,329,79? 11,333,500 West P. A E r ie .......... 59 ,4 3 0 ,837 5 3 ,3 1 5 ,4 3 “ 6 ,0 8 5 ,4 0 0 7 6 2 ,0 7 9 9 ,8 9 8 ,2 4 0 9,136,161 Pere Marquette............. 791,546 605,30i> Phila. Balt. A W ash.... 1 2 ,3 9 6 ,8 4 9 I I , 1 ,3 8 3 ,9 1 7 Reading Company........ 2 8 ,0 9 0 ,0 5 9 29,473,976 556,010 32,749 5 8 8 ,7 5 9 Rio Grande Southern... St. Louis A San Fran . > 29 ,6 8 9 ,541 2 6 ,8 1 9 ,1 3 3 2 ,8 7 0 ,4 0 8 Chic. A East’n Illin. 5 8 4 ,0 9 4 7 ,3 6 6 .0 0 4 7 ,2 8 1 .9 1 0 3t. Louis Southwestern. 2,06 8 ,5 4 0 2 ,2 4 4 ,0 2 5 176 ,0 8 5 8 t. Louis Vand. A T. H. ’ "6 ,6 4 5 2 ,5 4 8 ,1 7 4 2,55 4 .8 1 9 San Ant. A Aran. Pass.. 123.528 1 .2 2 2 ,5 5 4 1,099,02* San Fran. A No. Pacific 798 ,1 3 2 345,670 1 2 ,1 4 3 ,802 I I , Seaboard Air Line.. 179 ,2 4 8 743,0511 564,403 Southern Indiana.......... Southern Pacific System 8 5 ,8 4 9 ,9 1 0 8 2 ,1 2 3 ,6 2 " 3 ,7 2 6 ,2 8 3 Bom hern Railway........ 40,033,1131 3 6 ,7 08,527 3 ,3 2 4 ,5 8 6 2 0 7 ,812 1.589.896 1,7 9 7 ,208 T. Haute A Indlanap... 554.462 2 ,6 7 3 5 5 7 ,135 Terre Haute & Peoria.. 1 2 5 ,297 567,784 698.081 Texas Central................ 5 0 4 ,063 11,709,941 2 0 5 ,878 Texas A Pacific............. I I , 3 ,2 0 0 1 5 8 ,200 155,000 Texas Sab. VaL A N. W. 2 .7 5 3 .8 9 6 2 2 3 ,245 2,977,1411 Toledo A Ohio Central.. 8,892 1 ,1 0 4 ,3 9 4 1,15 5 ,5 0 2 Toledo Peoria A West’n. 1 2 1 ,3 7 3 2,70 3 ,1 9 2 2 ,8 2 4 ,6 6 5 Tol. St. L. A Western.... 4 6 2 .2 8 3 4,042 4 0 6 ,325 Toronto Ham. A B ufl... Union Pacific................. 4 9 ,0 8 6 ,8 4 8 4 5 ,6 3 4 ,8 9 0 3 ,4 5 1 ,9 5 8 123,761 5 3 5 ,602 411,901 Virginia A Southwest.. Wabash........................... 1 9 ,9 3 4 ,3 1 5 18 ,3 8 8 .2 6 2 1,54 6 ,0 5 3 2 1 5 ,1 0 0 3,67 8 ,6 5 8 3 ,8 9 3 ,7 6 8 W. Jersey A Seashore... Wheeling A Lake Erie > 6 6 3 ,575 3,19 5 ,4 6 5 3 ,8 5 9 ,0 4 0 Clev. Canton A 8o... 5 776,431 6 .4 0 7 ,4 8 6 5 ,6 3 1 ,0 5 5 Wisconsin C entral.. . . . 18,055 144,684 162,739 Wrightsville & Tennille 6 4 3 ,6 0 0 6 ,3 5 2 .3 0 8 6 ,9 9 5 .9 0 8 Yazoo A Miss. V alley.. 180,713 71,146 2 3 3 ,0 5 f 6,381 66,027 1 ,5 4 9 ,4 U 110,782 85,794 1 ,069,184 11,078 5 6 ,7 7 0 ,7 0 0 5 3 ,0 5 7 ,8 1 8 3 ,7 1 2 ,8 8 2 1 ,7 5 9 ,2 3 0 I, 557,929 201,301 34,211 3 1 ,9 2 2 2 ,2 8 9 5 8 ,3 6 * 5 2 ,0 0 6 6,362 506,464 4 4 2 ,6 0 8 63 ,8 5 6 6,255,731 6,678,59*' 4 2 2 .8 0 4 7 8 8 ,1 1 9 9 0 8 ,0 4 7 119,928 40,1 2 0 ,4 0 6 3 4 ,4 6 7 ,7 0 * 5 ,6 5 2 ,6 9 7 1 2 6 ,0 0 9 209 ,2 2 3 #4,214 8 ,362.276 7 ,3 2 3 ,2 9 4 1 ,0 3 8 ,9 8 2 1 5,107,661 1 6 ,7 8 3 ,4 9 8 1 ,6 7 5 ,8 3 7 250 ,0 2 9 265 ,8 9 3 15,864 87,950 110 ,7 0 6 22,756 1 5 ,6 3 4 ,5 2 6 1 5 ,8 9 4 ,2 2 3 2 5 9 ,6 9 7 9 ,2 0 1 ,4 8 8 9 ,5 0 9 ,1 6 6 307 ,6 7 8 5 7 ,2 6 2 ,6 74 5 2 ,0 6 7 ,1 6 9 5,1 9 5 ,5 1 5 7 ,4 3 8 ,7 6 8 7 ,4 9 4 ,7 6 9 56,001 4 ,8 9 8 ,3 7 1 4 ,750,055 3 5 1 ,6 8 4 2,0 7 4 ,4 8 0 1 ,9 4 9 ,7 1 7 124 ,7 6 3 46,4 0 4 ,8 3 9 4 4 ,3 6 2 ,0 0 7 2 ,0 4 2 ,8 3 2 4 7 ,5 7 1 ,4 1 3 4 5 .5 2 2 ,0 2 9 2 ,0 4 9 ,3 8 4 II, 907,521 II, 196,403 7 1 1 ,1 1 8 1,5 2 2 ,8 9 6 1,0 9 5 ,4 7 6 172 ,5 8 0 5 ,335,104 5 ,8 1 1 ,7 9 9 476,695 1 8 ,9 7 6 ,5 7 6 1 8 ,6 0 8 ,54 6 3 6 8 ,0 3 0 2,614,70b 2,6 0 6 ,0 3 5 8,008 5 ,1 4 5 ,5 4 0 5,9 2 0 ,4 5 9 7 7 4 ,9 1 9 1 7 .1 6 8 ,8 0 1 16,848,621 3 2 0 ,1 8 0 8 9 4 ,6 9 9 863 ,03 8 31,661 1 ,2 9 6 ,8 0 2 1 ,1 9 6 ,3 7 9 100 ,4 2 3 2 ,741,049 2 ,5 4 8 ,9 6 6 192 ,0 8 3 4 1 ,6 5 9 ,2 3 7 4 1 ,0 9 0 .9 0 9 5 6 8 ,3 2 8 3 63,011 3 1 5 ,3 8 5 4 7 ,6 2 c 1,5 8 4 ,6 1 9 1 ,461,265 123,354 4 0 ,9 3 7 30,214 4 ,7 2 3 6 5 ,5 9 4 79,415 13,821 2 ,1 5 1 ,9 3 7 1 ,912,383 239 ,5 5 4 1 ,3 8 7 .6 5 7 1 ,2 2 4 ,0 0 9 163,548 3 3 8 ,4 5 4 369 ,9 2 4 2 1 ,4 7 0 31 ,0 4 5 ,4 9 7 1902. T o ta l <128 r o a d s ).,. In c r e a s e (6 39 p. 0. ) . . . . M iles o f r o a d D e o . 3 1 .. M e x ica n R o a d s— In te ro ce a n io ( M e x . b .. . M e x ica n C en tra l*......... M e x ic a n In te r ................. M ex ica n R a ilw a y ........... M e x ica n S o u th e rn ......... N a tion a l R R . o f M e x ... 1,532,233,221 1 6 8 ,0 1 9 114,790,475 2 1 ,0 2 7,458 0 ,5 4 3 ,1 6 1 2 ,5 7 5 ,9 0 0 476 ,125 9 .1 4 9 ,0 9 7 1,440,234,003 102157561 9 1 ,9 9 9 ,2 1 8 2,719 1 6 5 ,300 H4,1 8 2 ,662 1 7 ,4 7 6 ,7 9 4 5 ,9 6 0 .8 2 4 2 ,1 5 0 .0 0 0 4 0 9 ,0 5 6 7 ,6 3 2 ,9 0 9 10,158,343 6 1 3 ,813 3 ,5 5 0 ,6 6 4 5 8 2 ,3 3 7 4 2 5 ,9 0 0 67,009 1,516,188 * T he M o n te re y A M e x ic a n G u lf is in clu d e d fr o m M a rch 1, 1 9 0 2 , b u t fo r n o p a rt o f 1901. t In clu d e s P a d u ca h A M em p h is D iv isio n in b o th y e a rs, t B o sto n A A lb a n y in clu d e d In b o th years. U F ig u res a re to D e ce m b e r 27 in b o th years. y T h ese figu res are d o w n to th e en d o f th e th ird w e e k o f D eo. o n ly . !l In clu d e s p r o p rie ta ry ro a d s in b o th years. ROADS R E P O R T IN G J a n . 1 to Nov. 30. B ella ire Z a n e s.A C in B rid g ton A 8 * c o R iv C olu m b. N ew b. A L. C o p p e r R a n g e ......... C orn w a ll t .................. C o rn w a ll A L eb a n on C u m berlan d V a lle y . F t. W. & D env. C ity G u lf A Ship Island .. L e x in g to n A E a s t .. L o u ls .H e n d .A St.L. M anistee A Gr. R a p M an istee A N o.E a st. P in e B lu ff & A rk. R. R ich m . F re d & Pot. R io G ran d e J u n ct’ D St. J os. A G r. Island S t.L o u is A N o . A rk .t W ’ m sp ’ t A N o B r ’ ch T o ta l (19 ro a d s). In cre a se (9*22 p. c.) M iles ro a d D e c. 31. FO R ELEVEN 1902. 1901. $ 174,237 40,164 171 ,699 276 ,675 8 4 ,2 5 0 257 ,729 1 ,1 1 2 ,6 4 8 2,265.671 1 ,4 1 3 ,0 2 2 4 6 0 ,0 3 4 6 8 1 ,879 110,607 309,142 29 ,626 1,117,031 5 2 6 ,494 1 ,1 * 6 265 184,914 14 0 ,524 $ 160,647 38,028 158,348 119,469 101,498 3 1 8 ,885 1,01 4 ,3 7 5 1,950,002 1,138,865 350,165 632,916 124.224 3 1 1 ,5 1 9 27.787 1,02 1 ,5 5 4 531.788 1,332.894 146,371 121,667 10,492,611 9 ,0 0 7 ,0 0 2 2 ,376 2,341 t T hese figures are^for te n m on th s to Oot. 31 M O N TH S. In crea se. $ 13,590 2.136 13,351 157,206 D ecr’st. 9 17,248 61 ,1 5 6 98,273 3 0 9 ,6 6 9 274,157 1 0 9 ,869 4 8 ,9 6 3 1.839 95 ,4 7 7 13,617 2,377 5 ,2 9 4 196,629 88,543 18,857 1,181,930 296,321 885 ,6 0 9 THE CHBONICLE, F ebruary 7, 1903.] st BOSTON, PH ILADELPHIA, <my % z \\x x u s . YORK, BROOKLYN (& o m p NEW 299 AND ST. LOUIS. W o furnish below complete comparative statements of the condition o f all the trust companies in Boston, Philadelphia, New York and St. Louis. This is in continuation of a practice begun twelve months ago. The statements occupy altogether thirteen pages. No one needs to he 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. A s 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 interesting for present study as well as useful for reference. The dates selected for comparison are December 31 1902, June 30 1902 and December 31 1901. In the case of the New York companies the returns are uniformly o f 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 largely succeeded. As, however, the fiscal periods o f these companies do not all correspond with those dates, and no returns for those dates are required by the State authorities, two or three o f the Boston companies and 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 C O / (BOSTON). R esources — Dec. 31,’02. Stocks and bonds................................................................ $3r 4,921 Loans on collateral................. ........................................... 1,599,900 Cash on hand ..................................................................... 18,681 Cash on deposit................................................. 489,044 Other assets......................................................................... 737,597 T o t a l........................................................................................ $3,200,143 Liabilities— Capital s to c k .................................................................................... $1,000,000 Surplus fund ................................................................................... 250,000 Undivided p rofits.................................................................... 28,372 General deposits payable on dem an d...................................... 1,751,271 Other liabilities................................................................................ 170,500 T o t a l........................................................................................ $3,200,143 * Opened fo r business O ctober 2 1 ,1 9 0 2 . AMERICAN LOAN Sc TRUST CO. (BOSTON). ResourcesJan. 1,’03. J u l y 1, ’02. J an . 1 /0 2 . Railroad and other bon d s....... $1,804,587 $1,486,584 $1,225,920 4,583,090 Time loans on c o lla t e r a l....... 5,416,684 5,013,343 Demand loans on c o lla te ra l... 2,506,611 3,069,373 2,913,038 Cash on hand and in b a n k s ... 1,757,308 1,370,146 2,414,238 T otal ................... . . . $10,651,596 Liabilities— Capital s t o c k .............................. $1,000,000 Surplus fu n d ............................... 1,000,000 Undivided p rofits................... 318,833 General deposits payable on dem and...................................... 8,332,763 $12,230,544 $10,678,782 $1,000,000 1,000,000 219,206 $1,000,000 1,000,000 119,585 10,011,338 8,559,197 T o t a l.................................. $10,651,596 $12,230,544 $10,678,782 N ote —C om pany declared 7% on its stock in 1902 and 6% in 1901. Rate o f interest on deposits o f $500 and ov er is 2%. BAY STATE TRUST CO. (BOSTON). Resources— J an. 5 , ’03. J unb30,’02. Dec. 31/01. Time loa n s................................... $2,477,888 $2,936,804 $3,169,402 Demand loans............................. 737,950 467,425 318.875 Massachusetts b o n d s .............. 200,000 200,000 200,000 Other bonds................................. 591,835 549,690 283,500 Real e sta te................................... 250,000 250,000 150,000 Cash in office and banks.......... 1,157,917 665,412 753,759 T otaL .................................. $5,415,590 Liabilities— Capital stock ............................... Surplus fu n d ............................... Earnings u n d iv id e d ................ D eposits......... ........ $500,000 300,000 49,948 4,565,642 $5,069,331 $4,875,536 $500,000 250,000 68,810 4,250,521 $400,000 100,000 198,661 4,176,875 Total.............................. $5,415,590 $5,069,331 $4,875,536 Note.—Company paid 5% on its stock in both 1902 and 1901. Rate o f interest on deposits is 2%. BEACON TRUST CO. (BOSTON). Resources— Dec. 31/02. J une30,’02. D ec. 31/01. Real estate mortgages........... $312,115 $272,352 $250,000 Stocks and bonds................... 171,516 1«3,410 125,000 Loans on collateral................ 1,521,626 1,390,472 1,460,000 Cash on hand.......................... 36,941 43,662 41,000 Cash on deposit...................... 144,602 231,725 254,000 Total.............................. $2,186,800 Liabilities— Capital stock.......................... $300,000 Surplus................................. ........ 120,000 Undivided profits.................. .......... $2,101,651 $2,130,000 $300,000 ........... 120,000 $300,000 ..... 106,000 1,766,800 1,681,651 1,724,000 Total.............................. $2,186,800 Statistics for Calendar Year— Gross profits for year.......................... Interest credited depositors during year ..... .............................................. Expenses of institution same period... Amount of dividends on comtiany’s $2,101,651 1902. $120,121 $2,130,000 1901. $94,285 General deposits payable on dem and...................................... stook............................... Amount deposits receiving interest__ Rate of interest paid on deposits......... 32,238 26,319 28,284 22,422 (6%)18,000 (6%)18,000 All. All. 2% 2% BOSTON SAFE DEPOSIT Sc TRUST (BOSTON). R esources— Dec 3 1 /0 2 . June30,’02. Dec. 3 1 /0 1 . Massachusetts bonds at p a r ... $550,000 City bonds at p a r ....................... 240,000 R ailroad bonds at p a r .............. 625,000 10,227,715 Loans.......................... Cash in office............................... 595,396 Cash in banks,in Boston & N Y. 2,006,703 Total. ..................................$14,244,814 Trust departm ent (additional) $7,968,798 L ia b il it ie s — Capital s to ck .................... $1,000,000 Surplus fu n d ................... 1,500,000 Profit and loss.................. 350,489 Taxes .................................................... ......... D eposits............................. 11,394,325 $650,000 240,000 625,000 11,199,097 567,443 1,877,365 $500,000 240,000 675,000 10,834,243 603,632 1,901,994 $15,158,905 $14,754,869 $7,911,689 $7,770,317 $1,000,000 1 ,0 0 0 0 0 0 745,371 15,000 12,398,534 $1,000,000 1,000,000 645,774 ................ 12,109,095 T otal.................................. $14,244,814 $15,158,905 $14,754,869 Trust departm ent (additional) $7,968,798 $7,911,689 $7,770,317 (BOSTON). Dec. 3l,’02. J une 30,’02. M assachusetts b o n d s ............................................. $317,625 $212,950 Other bonds and s t o c k s ........................................ 1,476,418 662,874 Collateral lo a n s ............ ........................................ 3,325,619 3,246.495 Personal loa n s......................................................... 1,3*2,499 2,206/74 Cash on hand and in b a n k s................................... 1,994,272 1,424,068 Resources- C IT Y TRUST C O / T o ta l......................................................................$8,496,433 $7,753,261 Capital s to ck ............................................................. $1,000,000 Surplus fu n d ............................................................ 1,000,000 U ndivided p rofits.................................................... 96,771 D eposits...................................................................... 6,399,662 $ 1 ,000,000 1 , 0 0 0 ,0 0 0 Liabilities— 45,005 5,708,256 Total...........................................................$8,496,433 $7,753,261 Note—Com pany allow s 2% interest per annum on balances o f $500 o r over. * Com m enced business F ebruary 10, 1902. CO LUM BIA TRUST CO. (BOSTON). Resources—Deo. 31, 1902 City bonds, $10,000; loans, $359,515; real estate, furniture, etc., $7,095; safe deposit vaults, $7,400; cash in office, $28,097; cash in banks, $79,315; total. $491,422. Liabilities—Capital stock, $100,000; surplus and profits, $27,540; deposits, $363,882; total, $491,422. FEDERAL TR U S T CO. (BOSTON) Dec. 31/02. J une30,'02. Dec. 31/01. $259,990 Real estate m ortga g es.............. $249,569 $218,556 297,987 Stocks and bon ds........................ 290,245 266,507 L oans............................... ............ 2,017,944 1,976,360 2,178,415 Furniture and fixtu res.......... 2,300 R evenue stam ps..... .................. 511 511 Cash on h and............................... 112,365 103,919 110,264 218,184 Cash on d e p o s it ......................... 262,961 336,165 T axes p a id .................................. 2,584 3,114 5,169 Resources— T otal ................................... $3,057,533 $2,987,620 $2,868,467 Capital stock ................................ Surplus fu n d ....... ....................... Undivided p rofits....................... Deposits in tru st........................ Gen. dep. payable on demand. D iv id e n d s.................................... $500,000 100,000 23,347 21,634 2,412,012 540 $500,000 $500,000 107,348 32,273 2,347,619 380 97,187 55,696 2,215,264 320 T o ta l.................................... $3,057,533 $2,987,620 $2,868,467 Liabilities— IN TE R N A TIO N A L TRUST CO. (BOSTON). Resources— D ec. 31/02. J une 30,’02. DEC. 31/01' $447,192 Real estate m ortgages.............. $382,453 $528,839 5,951,347 Stocks and bonds ..................... 4,497.119 4.321,895 Loans on collateral................ 2,7 i 3,557 4,076,743 3,004,304 3,547,904 6,097.800 Loans on personal secu rities.. 6 570,579 750,000 750,000 B anking h o u s e ............................ 750,000 1,388,814 1.862,552 Cash on hand and in banks__ 2,373,934 69,805 50,227 Other assets................................. 70,136 T otal.....................................$17,362,778 $16,583,970 Trust departm ent (additional). $1,544,751 $1,679,613 L ia b il it ie s — $1,000,000 $1,000,000 Capital s t o c k ............... Surplus fu n d ............................... 3,000,000 2,000,000 Undivided p r o fits ....................... 13,010 819.375 Gen. dep. payable on demand. 13,349,763 12 714,595 $16,313,452 $1,665,845 $1,000,000 2,000,000 654,620 12,658,932 T otal................................. $17,362,778 $16,533,970 $16,313,452 Trust departm ent (additional). $1,544,751 $1,679,613 $1,665,845 THE 300 CHRONICLE IN T E R N A T IO N A L T R U S T CO. (B O S TO N .)-C o n clu d e d . St a tistic s f o r C a l e n d a r Y e a r — 1902. 1901. T ota l o f profits fo r y ea r....................................... $ 5 18,390 $ 5 4 4 ,9 7 9 A m ou n t dividen ds on co m p a n y ’s stock — (16% ) 160,000(16% ) 160,000 R ate o f in terest p a id on d e p o s its......... ........... 2% 2% MASSACHUSETTS T R U S T CO. (B O S TO N ). R eso u rc es — M assachusetts b o n d s. C a tli. L ia b il it ie s — Surplus fu n d ......... U n divided p rofits. D ec . 3 1 /0 2 . J une 30,’ 02. $113,093 $ 1 1 2,996 3 ,319,242 . 3,162,749 5 :1 ,5 6 2 663,839 D e c . 3 1 /0 1 . $113,189 3,345,805 4 61,644 . $3,939,584 $3,98 3 ,8 9 7 $3,920,638 . $1,000,000 200,000 202,601 .. 2,536,983 $1,00 0 ,0 0 0 200,000 145,605 2,638,292 $1,000,000 2 00.000 112,819 2,607,819 $3,939,584 $3,983,897 $3,920,638 M A T T A P A N DEPOSIT & T R U S T CO. (BO STO N). R esources — R eal estate m ortga ges. B o n d s .............................. L oans on collatera l ___ Cash on h a n d ___ Cash on deposit. O ther assets....... D e c . 3 1 /0 2 . J une 30,’02. $48,220 $47,050 52,600 53,600 696,037 716,116 140,440 153,602 65,920 51,571 117,788 157,578 7,057 3,000 DEC. 3 1 /0 1 . $51,220 39,140 556,213 203,277 44,160 71,611 $1,128,062 $965,621 $100,000 40,000 10,283 965,625 12,154 $100,000 40,000 10,283 813,338 2,000 $1,128,062 1902. $14,500 15,200 4,000 725,000 $965,621 1901. $ 12,300 1 3,200 4,000 6 15,000 2% . $1,182,517 L ia b il it ie s — . Surplus f u n d .............................. U n d ivid ed p r o f i t s .................... G en. dep. p a y a b le on dem and . Other lia b ilities....... ................. $100,000 40,000 l i ,641 1,028,876 2,000 . $1,182,517 Ye a r — In terest cred ited d ep ositors d u rin g y e a r ... E xp en ses o f in stitu tion sam e p e r io d ........... A m ou n t d ividen d s on c o m p a n y ’ s s to c k ___ A m ou n t o f d ep osits re ce iv in g in te re st......... R a te o f in terest p a id on d e p o s its .................... 2% D e c . 3 1 ,’02. J une 3 0 ,’ 02. R eso u r c e s — $ 2 ' 5,957 R eal estate m ortga g e s ............... $ 2 3 5 ,4 2 0 390,750 S tock s and b o n d s ................... 2 8 3 ,5 3 0 2, 000,000 1 ,8 0 0 ,0 0 0 L oans on c o lla te r a l.................... 5 99,400 L oan s to corp ora tio n s & in d ’ls 5 07,630 191,560 2 6 4 ,1 0 0 Cash on hand. ............................. 4 74,562 Cash on d e p o s it........................... 4 81,200 D e c . 3 1 ,’ 01. $253,502 2 84,000 $ 3 ,9 1 2 ,2 2 9 $ 3 ,9 4 3 ,1 4 2 $ 5 0 0,000 3 0 0 ,0 0 0 48 ,9 9 5 3,063,234 $ 5 0 0 ,0 0 0 3 00,000 32,727 3,110,415 2, 100.000 518,012 209,102 57 8 ,5 2 6 T o t a l .................................... $ 3 ,5 7 1 ,8 8 0 $ 3 ,9 1 2 ,2 2 9 $3,94 3 ,1 4 2 1901. S t a tistic s f o r Ca l e n d a r Y e a r — 1902. E xp en ses o f in stitu tion d u rin g y e a r ............... $45,398 $ 37,718 12,500 A m ou n t dividen d s on co m p a n y ’ s sto c k .......... 30,000 R a te o f in terest p aid on d e p o s its ....................A v e r a g e 2% A v e r a g e 2% NEW E N G LA N D T R U S T CO. (B O S TO N ). J une 3 0 ,’02. $2,402,761 4 ,983,550 D e c . 3 1 /0 1 . $2,416,222 4 ,272,903 13,849,854 119,267 4,916,049 370,976 13,639.491 105,853 3,489,526 374,159 T ota l...................................... $24,355,679 $ 2 6 ,6 4 2 ,4 5 7 L ia b il it ie s — $ 1,000,000 C apital s to c k ...................... $ 1 ,0 0 0 ,0 0 0 1 , 000,000 Surplus fu n d ................................ 1,000,000 819,644 U n divided p ro fits...................... 913,515 5,192,007 D ep osits in tru s t......................... 5,224,547 18,491.381 G en. dep. p ayable o n dem and. 16,050,193 139,425 Other lia b ilities........................... 167,424 $ 2 4 ,2 9 8 ,1 5 4 T o ta l....................................$24,3 5 5 ,6 7 9 $ 26,642,457 Sta tistic s f o r C a l e n d a r Y e a r — 1902 In terest cred ited d ep ositors du rin g y e a r ___ $ 3 44,300 A m ou n t d ep osits r e ce iv in g in te re st............... 17,214,996 R a te o f in terest p aid on d e p o sits.................... 2% $24,298,154 1901. $352,209 17,610,460 R esources— D ec . 31, ’ 02. R eal estate m ortg a g e s............... $2,38 4 ,7 6 1 S tocks and b o n d s ...................... 5 ,069,884 L oans u p on colla te ra l and p erson al s e c u r itie s ................. 12,370,131 R eal esta te...................... 119,735 Cash on hand and o n d e p o s it. 4 ,030,484 O ther assets............. 3 80,684 l x x y i. OLD C O LO N Y T R U S T C O . ‘ (BO STO N). R esources — O ct . 3 1 /0 2 . A p r . 3 0 ,’ 02. L o a n s...................................$ 1 6 ,3 6 3 ,554 $19,121,901 M assachusetts b on d s a t p a r ... 1 ,000,000 1 , 000,000 O ther bon ds and sto ck s............. 3,769,284 2,510,001 R eal e s t a t e ...................... 975,000 975,000 1,477,043 Cash in office..................... 1,414,458 6,596,351 Cash in b a n k s ................... 7,369,088 O ct . 3 1 /0 1 . $20,642,225 1 , 000,000 1,523,845 650,000 1,403,470 5,874,403 T o t a l ................................................................$ 30,118,647 $32,453,033 $31,093,943 L ia b il it ie s — C apital s to c k ................................ $1,000,000 3,000,000 Surplus fu n d .............................. E arnings u n d iv id e d .................. 891,993 D e p o sits......................................... 25,226,654 $ 1,000,000 3,000,000 301,158 28,151,875 $ 1,000,000 2 ,000,000 1,092,062 27,001,881 T o t a l.................................. $30,118,647 $32,453,033 $31,093,943 N o t e .—Com p a n y p a id 12% on its stock in b oth 1902 an d 1901. P U R ITA N T R U S T CO. (BO STO N). R esources— Oct. 31, ’ 02. B onds and s to c k s ........................ $115,147 L o a n s ... ....................................... 2,686,834 R eal e sta te .................................... 13,822 B ank b u ild in g ............................... 29,085 E xp en se a c c o u n t......................... 2,041 In terest p a id ................. 3,419 O v e rd ra fts............................ ....... ............. 991 P rofit an d lo s s ............................... Cash in o ffice ................................ 119,658 Cash in b a n k s.............................. 320,257 A pr. 3 0 /0 2 . $115,147 2,366,584 13,139 26,723 2.970 3.970 91,209 323,865 24,729 3,336 3,555 345 5,986 105,236 299,105 T o ta l..................................... $3,290,484 $2,943,607 $3,102,327 $ 200,000 $ 200,000 6.010 23,189 5,932 2,793,039 167 L ia b il it ie s — C apital sto ck ................................ Surplus fu n d ................................. P rofit and lo s s ............................. E arnings u n d iv id e d .................... D isco u n t.................................... D e p o sits......................................... E xch a n g e a c c o u n t ................... D ivid en d s u n p a id ....................... $200,000 80,000 ............. 32,018 5,443 2,972,598 197 228 2,632,970 190 256 T o ta l..................................... $ 3,290,484 $2,943,607 Oct. 31, ’01. $251,317 2,408,718 80,000 80,000 213 23,968 $3,102,327 STATE S T R E E T T R U S T CO. (BOSTON). M E R C A N T IL E T R U S T CO. (B O S TO N ). T o t a l .................................... $ 3 ,5 7 1 ,8 8 0 L ia b il it ie s — C apital s to c k ................................ $ 5 0 0 ,0 0 0 Surplus fu n d ................................ 3 00,000 U n d iv id ed p ro fits ........................ 76 ,1 2 4 G en. dep. p a y a b le on dem and. 2 ,695,756 [Y o l . $ 1 ,000,000 1 , 000,000 735,433 4,622,348 16,654,322 286,051 2% R eso u rces — O c t . 31. ’02. A p r . 3 0 ,’ 02. L o a n s .............................................. $4,561,332 $4,446,260 B onds and sto c k s ............. 370,173 522,874 Cash in office and b a n k s........... 959,628 564,655 T o ta l..................................... $5,891,134 T rust dep artm en t (addition al) $625,145 L ia b il it ie s — Capital s to c k ....... ......................... Surplus and u n d iv id ed profits. D e p o s its ...................................... $600,000 361,823 4,929,311 OCT. 3 1 /0 1 . $3,638,530 394,875 627,638 $5,533,789 $631,890 $4,661,043 $622,730 $600,000 322,327 4,611,462 $600,000 313,534 3,747,508 $4,661,043 T o t a l..................................... $ 5,891,134 $5,533,789 $622,730 Trust d epartm en t (additional) $625,145 $631,890 N o t e —I n terest a t th e rate o f 2% p er annum is p a id o n d ep osits of $300 and upw ards. UNIO N T R U S T CO. (BOSTON). R eso u rc es —Oct. 3 1 ,1 9 0 2 .—B on d s and stock s, $272,092; loan s, $1,6 6 7 ,8 1 0 ; cash in office, $ 3 6 ,7 8 8 ; oash in ban ks, $ 7 1 ,1 0 3 ; to ta l, $2,047,793. L l a b il it ie s - C apital stock , $ 100,000; earn in gs u n d ivided, $122,341; deposits, $1,8 2 1 ,4 5 2 ; re se rv e fo r dividen d , $4,000; tota l, $2,047,793. U N IT E D STATES T R U S T CO. (BOSTON). D e c . 3 1 /0 2 . R eso u r c e s — S tock s and b o n d s ....................... $730,551 L o a n s.............................................. 2,409,848 C a sh ................................................ 499,191 J une 30,’ 02. D e c . 3 1 /0 1 . $746,295 $495,819 2,448,040 2,410,611 365,083 667,558 T o ta l..................................... $3,639,590 $3,559,418 $3,573,988 L ia b il it ie s — C apital s to c k ................................ Surplus f u n d ................................ U ndivided p r o fit s ....................... Gen, dep. p a y a b le on dem and. $20 0 ,0 0 0 350,000 15,262 3,074,328 $200,000 300,000 35 408 3,024,010 $200,000 300,000 191 3,073, 797 T o ta l..................................... $3,639,590 $3,559,418 $3,573,988 Sta tistics f o r Ca l e n d a r Y e a r — A m ou nt d ividen d s on co m p a n y ’s s t o c k ....... R a te o f in terest p a id on d e p o sits ....... ............ 1902. 10% 2% 1901. 8% 2% Philadelphia Companies. American Trust Company (Philadelphia). R eso urces — D e c . 3 1 /0 2 . Cash o n h a n d .............................. $17,010 D u e fro m ban ks, e t c . . ............... 52,987 C om m ’l & oth er p a p er o w n e d . 2 2,364 L oans u p on c o lla te r a l............... 202,412 Stocks, b on d s, e t c ....................... 163,114 M o rtg a g e s..................................... 96,242 R ea l est., fu rn itu re & fixtu res 79,198 O ther a s s e t s ............................... 2,433 T o t a l .................................... L ia b il it ie s — C apital s to c k ................................ U n div. profits & reserv e fu n d . D ep osits ....................................... D iv id e n d s ...................................... $ 6 35,760 $ 2 0 0,000 45,153 3 8 2 ,6 0 7 8,COO City Trust, Safe Deposit & Surety (Phila.). M a y 2 2 /0 2 . $18,245 39,876 26,429 172,716 172,119 98,253 79,992 2,229 N o v . 2 5 /0 1 . $ 1 5 ,1 8 0 53,338 20,206 164,626 155,004 91,408 82,187 2,245 $609,859 $ 5 84,194 $ 200,000 $ 200,000 46,456 363,403 49,449 334,745 T o t a l..................................... $ 6 3 5,760 $ 6 0 9,859 $584,194 N o t e —I nterest is paid on d ep osits at th e ra te o f 2% on dem and and 3% on tw o w eek s’ n otice. N o v . 1 2 /0 2 . R esources— r ash on h a n d ................................ $90,676 D ue fro m banks, e t c ................... 302,457 1,666,099 L oans upon c o l l a t e r a l............. L oans upon bon ds and m tges. 415,167 Stocks, b on ds, eto....................... 37,300 M o r t g a g e s ......... ........................ 511,405 R ea l estfe, fu rn itu re & fixtu res Other assets.................................. 334,225 M a t 22, ’02. $95,761 443,712 1,800,715 48.700 433,617 N o v . 2 5 /0 1 . $83,622 423,169 1,365,127 61,700 436,168 511,327 243,451 544,702 247,728 T o t a l.................................... $3,357,329 $3,577,283 $3,162,216 L ia b il it ie s — C apital sto ck ................................ Surplus and reserve fu n d ....... U ndivided p r o fits ....................... D e p o sits......................................... Other lia b ilitie s........................... $500,000 291,193 114,001 2,440,418 11,717 $500,000 2 8 1 ,6 4 3 86,872 2,700,058 8,710 $500,000 284,599 80,584 2,289,097 7,936 T o ta l..................................... $3,357,329 $3,577,283 $3,162,216 THE CHRONICLE F ebruary 7, 1903.] 301 Colonial Trust Co. (Philadelphia). Excelsior Trust & Savings Fnnd (Phila.). R eso u rc es —N ov. 1 2 ,1 9 0 2 .—R ea l estate m ortga g es, $ 6 7 ,5 5 0 ; sto ck s and boDds, $ 5 7 ,9 2 5 ; loan s on co lla tera l, $ 3 3 6 ,4 6 6 ; real estate, fu rn i ture and fixtures. $112,269; cash on hand and in ban ks, $66,507; co m m ercial and oth er p a p er ow n ed , $ 41,175; oth er assets, $2,993; to ta l, $704,885. L ia b i l i t i e s -C a p it a l stook, $250,000; u ndivided p rofits, $24,100; general deposits, $430,172; oth er lia bilities, $613; tota l, $704,885. R e s o u r c e s —Dee. 3 1 ,1 9 0 2 .—Cash on hand, $13,639; due from ban k s, etc., $ 1 8 ,8 8 2 ; loan s upon co lla te ra l, $ 7 4 ,6 0 0 ; stocks, b on d s, etc., $ 1 2 6 ,8 5 1 ; m ortga ges, $ 2 0 2 ,1 0 0 ; real estate, fu rn itu re and fixtu res, $ 2 9 ,2 6 7 ; oth er assets. $2,926; tota l, $468,265 L ia b il it ie s —C apital stock , $150,000; u ndivid ed profits and reserv e fu n d, $7,261; d ep osits, $311 ,0 0 4 ; tota l, $468,265. Columbia Avenue Trust Co.* (Phila.). R eso u r c e s D e c . 31, ’02. D em and lo a n s ............................ $ 4 8 6 ,1 4 2 Tim e l o a n s .................................... 44,000 3 8 0 ,3 5 3 Bonds and s e c u r itie s ................ M ortga g es..................................... 2 3 0 ,8 2 7 B anking house and v a u lts ____ 1 80,000 Other real e sta te ......................... 3 84,415 A ccru ed in terest......................... 8.587 C a s h ......... ....................................... 173,306 T o t a l.................................... $ 1 ,8 8 7 ,6 3 0 L ia b il it ie s — C apital s to c k ................................ $ 4 0 0 ,0 0 0 U ndivided p rofits....................... 111,760 1,375 ,8 7 0 D e p o s its ......................................... J u n e 30,’02. D e c . 3 1 ,’01. $ 4 1 5,681 $ 4 8 6 142 15,000 4 4 ,0 0 0 3 66,973 380,353 199,681 2 30,827 180,000 180,000 3 98,340 384,415 7,7 6 5 8,587 305,750 189,034 $ 1 ,8 8 9 ,1 9 0 $ 1 ,9 0 3 ,3 5 8 $ 4 00,000 93,273 1,363,104 $ 4 00,000 111,532 1,375,870 T o ta l..................................... $ 1 ,8 8 7 ,6 3 0 $ 1 ,8 5 6 ,3 7 7 Sta tistic s f o r C a l e n d a r Y e a r — 1902 T ota l o f profits fo r y e a r , .................................... 114,725 In terest cred ited depositors du rin g y e a r ___ 29,531 45,231 E xp en ses o f in stitu tion sam e p e rio d ............... A m ou n t d ep osits re ce iv in g in te re st................ 1 ,375.870 R ate o f in terest p aid on deposits. .................. A vera g e 2 ^ % $1,887,402 1901. $ 1 0 9 ,3 1 8 26,665 39,186 1,166,932 t * F o r’y Col. A v e. S. F .9 . D ., T. A T r . Co. t 2% on ca ll; 3% 2 w ks. n otice. Commercial Trust Co. (Philadelphia). M a t 2 2 ,’ 02. $18,941 502,383 7,572,725 1,007,070 74,270 359,653 N o v . 2 5 ,’01. $12,757 210,992 7,043,377 1,166,877 27.123 4 1 7 ,7 5 4 T o ta l.................................. ..$ 1 0 ,7 5 1 ,4 5 9 L ia b il it ie s — C apital stock .............................. . $1,00 0 ,0 0 0 Surplus and reserve fu n d ___ .. 1,000,000 U ndivided p ro fits..................... 390,725 D eposits su bject to ch eck ....... . 7,998,385 Other liabilities......................... 362,349 $ 9 ,535,042 $8,87 8 ,8 8 0 $1,000,000 1,000,000 3 16,840 7,044,677 173,525 $1,000,000 1,000,000 21 8 ,3 3 6 6,528,198 132,346 T o ta l.................................... .$ 1 0 ,7 5 1 ,4 5 9 $9,535,042 $ 8 ,878,880 Commonwealth Title Insurance & Trust (Phila.). T o ta l..................................... $ 6 ,5 0 7 ,3 5 0 L ia b il it ie s — Capital stock p a id i n ................ $ 1 ,0 0 0 ,0 0 0 Surplus and reserv e fu n d ......... 1,000,000 U ndivided p ro fits ....................... 4 6 ,1 8 0 D ep osits......................................... 4 ,4 1 2 ,4 3 3 Other lia b ilities........................... 4 8 ,7 3 7 T o ta l..................................... $6,50 7 ,3 5 0 J u n e 3 0 ,'0 2 . D e c . 3 1 ,’01. $ 2 0 8 ,9 5 7 $384,292 1,780,583 1,588,131 2 ,2 0 8 ,2 3 1 1,966,032 9 1 7 ,0 4 0 7 98,429 137,443 138,590 89 5 ,4 5 0 7 10.580 175,123 177,597 $ 6 ,322,827 $5,763,651 $ 9 1 5,385 9 15,385 2 1,870 4 ,4 3 5 ,8 8 1 34,306 $ 7 46,495 696,495 4 9 ,0 9 0 4 ,240,976 30,595 $ 6 ,3 2 2 ,8 2 7 $ 5 ,7 6 3 ,6 5 1 D e c . 3 1 ,’01. $ 3 3 8 ,?6 4 45 1 ,1 4 6 1,462,823 10,274 266,464 105 30,872 T o ta l..................................... $3,520,302 L ia b il it ie s — Capital s to o k ................................ $ 5 0 0 ,0 0 0 Undivi’ d p rof. & reserve fu n d. 164,943 Dividends u npaid ..................... 162 983,932 Deposits s p e c i a l ................ ........ Den. dep. p a y a b le on dem and. 1,820,764 Deposits sp ecial se ttle m e n t... 50,140 Other lia b ilitie s ........................... 361 $3,42 1 ,8 0 7 $3,060,248 $ 5 0 0 ,0 0 0 140,269 113 7 96,202 1 ,8 0 9 ,9 3 0 174,773 520 $ 4 7 0,490 129,829 673,786 1,595,952 189,883 308 T ota l..................................... $3,520,302 * P rin cip ally rea l estate. $3,42 1 ,8 0 7 $3,060,248 Equitable Trust Company (Philadelphia). R esources — D e c . 3 1 ,’ 02, Real estate m ortg a g es............... $ 1 0 2 ,5 6 6 Btooks and b o n d s ....................... 886,302 Loans on c o lla t e r a l.................... 2 ,5 6 0 ,4 4 4 Real e s ta te .................................... 50 1 ,7 4 0 Cash on hand and in b a n k s .... 622,202 Other a sse ts.................................. 189.857 T o ta l..................................... $4,863,111 L ia b il it ie s — Capital s to c k .............. 1................ $ 1 ,0 0 0 ,0 0 0 surplus aud reserve fu n d ....... 2 00,000 Undivided p ro fits....................... 42 ,5 5 7 Ceneral d ep osits......................... 3,590,473 Other lia b ilities.......................... 30,081 T o ta l.......................... $ 29,286,593 L ia b il it ie s — C apital s to c k ..................... $ 2 ,0 0 0 ,0 0 0 Surplus f u n d ..................... 4 ,0 0 0 ,0 0 0 U n d ivid ed p r o fits............ 1,075,256 D eposits payable on d e m a n d .. 21,14 3 ,2 0 5 O ther lia b ilities................ 6 9,132 $31,104,923 $27,077,233 T o ta l..................................... $ 2 3 ,2 8 6 ,5 9 3 $ 2,000,000 4,000,000 607,507 24,469,708 27,708 $31,104,923 $2,000,000 3,000,000 921,135 20,702,827 453,271 $27,077,233 Finance Co. of Pennsylvania (Phila.). N o v . 1 2 .’02. M a t 2 2 ,’ 02. N o v . 2 5 ,’ 01. R esources — Cash on b a n d ............................... $5,516 $5,122 $5,648 608,158 479.936 419,751 D ue from banks, e t c .................. C om ’l aud oth er paper ow n ed 115,000 185,000 135,000 1,668.469 1,599,509 1,235,204 L oans u pon co lla te ra l............... 5,447,652 4,987,137 4,098,006 Stocks, bonds, e t c ...................... 27,500 M ortgages ______________ ____ 2,844 4,276 813 O ther assets................................. $7,2 6 1 ,5 0 6 $5,8 9 3 ,8 9 6 C apital s to c k ................................ . $3,495,300 U ndivided profits A res. fu n d . 675.890 D eposits . ................................. 1,697,954 Other lia b ilitie s ......................... . 2,006,195 $3,4 9 5 ,3 0 0 554,738 1,161,468 2,050,000 $ 3,495,300 559,350 1,834,746 4,500 T o ta l..................................... . $ 7 ,8 7 5 ,1 3 9 $7,261,506 $ 5,893,896 L ia b il it ie s — Franhford R eal E state, Tr. & Safe Dep. (P h ila .) DEC. 3 1 ,’ 02. $259,575 5 77,447 232,013 9,475 22,942 23,061 89.491 500 J une 30,’ 02. $ 2 5 3 ,4 10 578.497 172,414 11,450 13,282 16,929 90,556 500 D e c . 3 1 ,’ 01. $224,660 463,975 138,481 10,905 10,500 18,106 76,498 125 T o ta l..................................... $ 1 ,2 1 4 ,5 0 4 L ia b il it ie s — C apital s to c k ................................ $ 1 2 5 ,0 0 0 Surplus and reserve fu n d ......... 25,000 U ndivided p r o fits ....................... 2 3,584 G eneral d ep osits p a y a b le on dem and aQd tim e .................... 1,037.795 D ivid en d p a y a b le ........................ 3,125 $1,137,038 $ 943,250 $ 125,000 25,000 17,266 $12 5 ,0 0 0 966,647 3,125 778,976 3,125 $1,137,038 T o ta l..................................... $ 1 ,2 1 4 ,5 0 4 1902. Sta tistic s f o r C a l e n d a r Y e a r — $12,434 Increase p rofit and loss fo r y e a r ....................... 21,296 In terest cred ited d ep ositors d u rin g y e a r___ 8,798 E xp en ses o f in stitu tion sam e p e r io d ............. . 6,250 A m ou n t dividen d s on co m p a n y ’ s stock , 5%. 1,037.795 A m ou n t d ep osits r e ce iv in g in te r e st............... 2 & 3% R ate o f In terest p a id o n d e p o s its .................... $94 3 ,2 5 0 1901. $8,031 17,503 *11,643 6,250 812,068 2 & 3% R eso urces— R ea l estate m o rtg a g e s............. .. S tock and b on d s........................... L oans on co lla te ra l .................. L oans on p erson a l s e c u r itie s .. R eal esta te................................... . Cash on hand. ............................. Cash on d e p o s it........................... O ther a sse ts.................................. 10,000 26,149 In clu d es prem ium p a id o ff on b o n d s in 1901, $4,235. German-American Title & Trust Co. (Phila.). Continental Title & Trust Co. (Phila.). R eso u rc es — D ec . 3 1 ,’02. J u n e 30,’ 02. Real estate m o r t g a g e s ............. $ 8 8 9 ,9 6 4 $ 9 1 4,003 Blocks and b o n d s ....................... 450,905 429,049 Loans on c o l l a t e r a l .................. 1,477,234 1 ,563,564 Furniture and fix tu res.............. 7,100 8,124 Cash on hand and in b a n k ....... 382,875 4 84,752 qcm O v e r d ra fts............. ...................... 324 Other a ssets.................................. ‘ 3 0 9 ,6 4 7 19,174 J u n e 30,’02. D e c . 3 1 .’01. $1,944,294 $1,367,500 9,063,177 8,915,298 15,994,029 13,123,785 836,126 817,489 91 6 ,5 1 8 1,009,909 2,294,405 1,775,762 56,374 67,490 T ota l..................................... . $7,875,139 R eso u r c e s — N o v . 1 2 , ’ 02. Cash on h a n d ............................ $22,545 D ue from banks, e t c .............. 395,913 L oans u p on c o lla te ra l............. . 8,262,094 Stooks, bon ds, e t c . . . . .............. . 1,375,212 F urn itu re, fixtu res & v a u lt.. 67,086 Other a ssets................................ 628,609 R eso u r c e s — D ec 3 1 ,’02. R eal estate m ortg a g es.............. $ 1 7 8 ,2 2 7 B onds............................................. 1,571,528 Loans on c o lla te r a l.................... 2 ,262,253 R eal e s t a t e .................................. 1 ,397,115 Cash on h an d ................................ 135,000 Cash on d e p o sit........................... 7 9 0 ,4 2 6 Other a ssets.................................. 172,801 Fidelity Trust Co. (Philadelphia). R esources — D e c . 3 1 ,’02. R eal estate m ortga g es............... $ 2 ,5 5 3 ,2 6 7 S tock s and b o n d s ......................... 8,030,419 L oans on c o lla te r a l..................... 13,932,088 R eal e sta te ..................................... 8 37,717 Cash on h and................................. 9 39,625 Cash on d e p o s it ........................... 1,934,404 O ther a s s e ts .................................. 59,073 J une 30,’ 02 D e c . 3 1 ,'0 1 . $124,711 $139,276 8 ?3 ,4 7 8 873,945 2 ,663,540 2,507.847 505 952 495,168 3 9 1 ,5 ‘tO 550 170 193.771 209,423 $4,73 3 ,0 4 2 $4,774,829 $1,00 0 ,0 0 0 2 0 0 ,0 0 0 27,771 3,466,839 38,432 $ 1 ,0 0 0 ,0 0 0 200,000 60 ,3 8 0 3,514,255 194 T o t a l..................................... $4,863,111 $1,733,042 $4,774,829 bOTE -C o m p a n y is p a y in g 6 per ce n t dividends. In terest is paid )n all deposits at the rate o f 2 per cen t on sight dep osits and 3 per lent on tim e deposits. R esourcesD e c . 3 1 .’02 J une 3 0 ,’02. $17,069 Cash on h a n d ................................ $22,053 123,936 D ue from banks, e to ................ 164,376 767,125 535,303 L oans upon co lla te ra l................ ..... L oans u p on bonds an d m tg e s. 231,977 312,717 Stocks, bonds, e t c ....................... 436,593 M ortgages ..... .................... .. 368,369 409,636 383,511 R eal estate,!u r niture A fixtu res 40,479 O ther a s s e t s ................................. 3 i,3 0 7 N o v . 2 5 ,’ 01. $11,071 160,529 416,598 4,150 155,433 525.466 404,885 33,810 $1,794,993 $1,716,942 $500,000 88,989 1,192.097 13,907 $500,000 73,119 1,140,411 3,412 T o ta l..................................... $2,049,458 $1,794,993 S ta tistic s f o r F is c a l Y e a r E n d in g Se p t . 30 — 1902. T ota l o f profits fo r y e a r .................................... 94,592 In terest cred ited d ep ositors d u rin g y e a r ___ 26 ,2 5 6 E xp en ses o f in stitu tion sam e p e r io d .............. 29,637 A m ou nt d ividen d s on o o m p a n y ’s s to o k ......... 14,984 A m ou nt d ep osits re ce iv in g in te re st................ 1,081,949 R ate o f in terest p a id on dep osits. . . ............... 2 & 3% $1,716,942 1901. 83,327 23,006 26,700 14,980 953,618 2 & 3% T o ta l..................................... $2,049,458 L ia b il it ie s — C apital sto ck .............................. $500,000 103,627 U ndivided profits A res. fu n d . 1,434,879 D e p o sits......................................... 10,952 Other lia b ilitie s........................... Germantown Trust Co. (Phila.). R esources— D ec 3 1 ,’ 02. J u n e . 30 ’02. Cash on ban d......................... $74,312 $ 83,148 412,870 Due from banks, e t c .................. 25 6 .3 4 4 1 ,9 5 2 ,2 -3 Loans upon co lla te r a l.............. 1 ,760.565 1 5 /,0 7 0 L oans u p on b on d s and m tges. 72,020 573.557 Stocks, bonds, e t o ....................... 784,989 240,661 M ortgages ............................... 280,536 134,215 R eal e s c , fu rn itu re A fix tu re s. 133,101 1,049 Other assets ................................ 1,132 N o v . 2 5 ,’ 01. $76,829 331,269 1,600,864 104.246 499,241 192,611 134.468 2,596 T otal .................................... $3,371,835 L ia b il it ie s — C apital s t o c k ...................... $ 6 00,000 U n d iv’d p rof. A reserv e fu n d .. 4 6 1 ,-5 0 D e p o sits............................... 2,310,235 $3,540,987 $2,942,124 $600,000 438,300 2,502,687 $487,591 336,378 2.118,155 $3,371,835 $3,540,987 $2,942,124 T otal rHB 302 CHRONICLE Girard Trust Co. (Philadelphia). R eso u r c e s — D ec . 31, ’02. J une 3 0 /0 2 . Cash on hand and in h a n k s ... $3,761,317 $4,61 8 ,0 8 9 17,695,301 L o a n s............................................... 13,144,366 10,145,107 S ecu rities....................................... 10,816,563 1,766,032 R ea l e s t a t e .................................... 1,841,743 12,300 O ther assets.................................. 12,300 T o t a l....................................... $ 2 9 ,5 7 6 ,2 8 9 L ia b il it ie s — C apital s to c k ................................. $ 2 ,5 0 0 ,0 0 0 Surplus fu n d ................................. 7 ,5 0 0 ,0 0 0 824,819 U ndivided p ro fits........................ D ep osits ....................................... 18,50 1 ,4 7 0 D iv id e n d .......................................... 2 50,000 T o t a l.......................................$ 29,576,289 Guarantee Trust & Investment Company (Philadelphia). D e c . 3 1 .’01. $4,329,919 16,984,968 9,287,085 1,801,824 12,300 $34,2 3 6 ,8 2 9 $ 32,416,096 $ 2 ,5 0 0 ,0 0 0 7 ,500,000 605,739 2 3 ,3 8 1 ,0 9 0 250,000 [V ol. LXXYI. $2,500,000 7 ,500,000 439,629 21,733.847 242,620 $ 34,236,829 $32,416,096 Safe D eposit (P h ilad elp h ia). NOV. 1 2 ,’02. R esources— Cash on h a n d .. $1,321 D ue from banks, eto 47,8 3 0 C om m er’l& oth er p a i 21,500 9 23,539 L oans upon colla tera l 2,132,230 Stocks, bonds, e t c ....................... Other a ssets................ 334,691 M a t 2 2 ,’02. N O V .25,’ 01. $1,318 $1,535 49,634 94,058 29,667 20,167 1,126,786 1,485,115 1,991,232 2,057,686 322,389 317,923 T o t a l....... ............................. $3,461,111 $ 3,521,026 $3,976,484 L ia b il it ie s — Capital s to c k ................................ $2,000,000 Surplus and reserve f u n d .____ 1,000,000 127,383 U ndivided p ro fits ....................... D e p o s its ........................................ 160,162 Due banks and b a n k e r s ........... 1 50,000 Other lia b ilitie s........................... 23,566 $2,000,000 1,000,000 88,489 349,875 50,000 32,662 $1,998,050 T o t a l..................................... $3,461,111 $3,521,026 $3,976,484 1,000,000 141,227 836,627 ......... 580 N o v . 1 2 ,’02. M a t 22, ’ 02. N o v .2 5 ,’01. R eso urces— $64 919 $123,569 Cash on h a n d .................... 667,586 563,713 D ue from banks, e t o ------ ......... 4 8 8 ,2 0 7 4 ,735,584 3 ,5 7 5 ,6 4 0 4 ,534,857 L oan s u p on colla tera l - ......... L oans u p on b on d s and m ort36,880 52,880 g a g e s................................ 1,527,900 1,337,823 S tock s, bon ds, e tc........... 374,750 276,500 355,400 M o rtg a g e s......................... ......... R eal estate, fu rn itu re and fix i 712,758 713,439 715,043 t u r e s ................................ ........... 69,786 17 ,9 9 3 74,662 O ther assets...................... ......... R eso urces — D ec . 3 1, ’ 02. Cash on h and................................ $333,532 D u e from banks, e t o .................. 1,691,169 L oans u p on colla tera l and bonds and m o rtg a g e s............. 5 ,583,450 Stocks, bonds, e t c ....................... 1,131,560 M ortgages .................................... 359,800 R eal est., fu rn itu re & fixtu res 978,390 326,184 Other a ssets.................................. J u n e 3 0 /0 2 . $283,961 3,188,064 N o v . 2 5 ,’0 1 . $291,239 1,804,696 4,363,239 1,071,753 273,200 987,185 347,194 3,698,926 798,770 425,655 1,132,401 326,444 $10,5 1 4 ,5 9 6 $3,478,131 $ 1,000,000 $ 1,000,000 Laud, Title & Trust Co. (Philadelphia). $7,025,422 $7,884,498 $ 8 ,0 0 6 ,9 4 3 T o ta l..................................... $10,404,085 ........... $1,000,000 ........... 253,486 ........... 1 04,390 ........... 5 ,665,258 ......... 2,288 $1,000,000 304,182 39,101 6,537,129 4,086 $1,00 0 ,0 0 0 71 2 ,3 7 6 147,170 6,145,478 1,919 L ia b il it ie s — C apital stock paid i n .................. $ 1 ,000,000 Surplus and reserv e fu n d ......... 300,000 U ndivided p r o fits ....................... 774,148 D ep osits......................................... 7 ,979,937 Prem ium on in creased cap ital. 350,000 T o ta l......................... ......... $7,025,422 $7,88 4 ,4 9 3 $8,006,943 T o ta l..................................... $10,404,085 T ota l........................... ......... L ia b il it ie s — C apital sto ck .................... P rofit and loss a coou n t U n d ivid ed p r o fits ........... D e p o s i t s ........................... O ther lia b ilitie s .............. Hamilton Trust Co. (Philadelphia). J u n e 3 0 /0 2 . $38,031 54,505 3 1 8 ,3 9 4 75 ,0 1 4 76,723 1,800 48,947 N o v . 2 5 /0 1 $3 3 ,5 3 7 29,990 171,623 1 13,070 1 06,386 500 48,762 $ 6 5 9 ,7 6 0 $ 6 13,414 $503,868 $ 1 2 5 ,0 0 0 2,505 517,255 15,000 $ 1 2 5,000 2,713 485,701 $ 6 5 ,0 0 0 115 388,753 5 0,000 $ 6 59,760 $6 1 3,414 $503,868 L ia b i l i t i e s - Industrial Trust, Title & Savings Co. (Phila.). R esources— D e c . 3 1 ,’02. J u n e 3 0 ,’02. N o v .2 5 ,’01 Cash on h and and due fr o m banks, eto. - ........................... $ 2 1 8 ,0 1 8 $ 2 0 3 ,1 2 4 $ 202,06 0 L oans u p on colla tera l. . ......... . 1,520,762 1 ,447,544 1 ,2 7 9 ,5 9 0 L oans u p on bon ds and m o rt g a g e s ............................................ 39,200 2 39,000 G rou n d ren ts ............................... 2 19,550 280,550 4 3 6 ,5 5 2 417,721 Stocks, bon ds, e t o ....................... 264,936 59 ,2 7 0 77,550 In stalm en t m ortg a g e s............... 21,320 708,291 M o rtg a g e s..................................... 822,451 749,326 R ea l estate, fu rn itu re and fix t u r e s ............................................ 195,679 202,397 202,066 Other assets ................................ 13,052 T o t a l..................................... $ 3 ,3 8 3 ,1 2 0 L ia b il it ie s — C apital s t o c k ............................... Surplus and reserv e fu n d ......... U n divided p ro fits ......................... D iv id e n d ........................................ D ep osits......................................... $ 3 50,000 3 3 0 ,0 0 0 39,172 *14,000 2,649,948 $ 3 ,3 8 4 ,7 8 9 $3,052,100 $350,000 300,000 38,551 12,250 2,683,988 $ 3 50,000 2 60,000 69,596 T o ta l..................................... $ 3 ,3 8 3 ,1 2 0 $ 3 ,3 8 4 ,7 8 9 N o t e —Com p an y d ecla red 7*a% on stock in 1902. * P a y a b le Jan. 1 5 ,1 9 0 3 . 2 ,3 7 2 ,5 0 4 $3,05 2 ,1 0 0 Integrity Title Ins. Trust & Safe Deposit (Phila.). R eso u rc es — D e c . 3 1 , ’02. J une 3 0 /0 2 . R eal estate m ortga g es............... $565,422 $ 5 2 5,626 S tock s and b o n d s ....................... 1,249,737 1,191,714 L oan s on c o lla t e r a l.................... 1,358,254 912,615 L oans on p erson al secu ri- D e c . 3 1 ,’01 $674,000 1,158,000 825.000 R ea l estate ............................. Cash on h a n d ................................ Cash on d e p o s it........................... Other aiisets.................................. 180,044 91 941 122,062 7,466 169,279 84,678 2 03,990 7,062 33.700 219.000 91.700 101,600 6,600 T o ta l..................................... $3,574,926 $3,09 4 ,9 6 4 $ 3 ,1 0 9 ,6 0 0 $500,000 45 0 ,0 0 0 90,787 1.189,121 $400,000 325.000 76 ,8 0 7 1,044,890 $400,000 3 00,000 90,000 9 77,400 1,339,188 5,830 1,244,768 3,499 1,339,000 4,200 T o ta l.................... ............... $3,574,926 $3,09 4 ,9 6 4 $ 3 ,1 0 9 ,6 0 0 St a tistic s f o r C a l e n d a r Y e a r — T o ta l o f profits fo r y e a r.................................... In terest cred ited d e p o sito rs d u rin g y e a r .. E xp en ses o f in stitu tion sam e p e rio d ........... A m ou n t dividen d s on co m p a n y ’ s s to c k ___ A m ou n t d ep osits re ce iv in g in te re st............ R ate o f in terest p aid on d e p o s its .................. 1902. $200,656 53,994 22,857 32,000 2,233.893 2 & 3% 1901. $106,500 51,500 L ia b il it ie s C apital s to ck ........................... . Surplus and reserv e fu n d ......... U n d iv id ed p r o f i t s ...................... D ep osits in tru st......................... G en eral d ep osits p a y a b le on d e m a n d ...................................... O ther lia b ilitie s ........................... 300.000 689,704 6,138,427 350.000 $10,5 1 4 ,5 9 6 $8,478,131 Lincoln Savings & Trust Co. (Philadelphia). D e c . 3 1 /0 2 . R eso u rc es Cash on h a n d ................................ $ 53,405 25,262 C hecks and due fr. b an k s, e tc. 3 2 2 ,6 1 0 Coin’l and oth er paper ow n e d . L oan s u p on co lla te r a l............... 8 7,227 102,361 S tock s, b on d s, e t c . , ................... 16,500 M o rtg a g e s..................................... 52,395 R eal est., fu rn itu re & fixtures U ndiv. profits & reserv e fu n d . D e p o sits....... .......... ............... B ills p a y a b le ....................... 300.000 634,880 8,229,716 350.000 22,000 28,000 2,430,000 2 & 3% R b s o u r c e s - D eo. 3 1 ,1 9 0 2 .—Cash on hand, $8,226; due fro m banks and bankers, $ 2 5 ,1 2 5 ; loa n s u p on colla tera l, $ 1 1 3 ,1 4 3 ; loan s upon bonds and m ortgages, $ 1 9 6 .5 7 3 ; rea l estate, fu rn itu re and fixtu res, $ 1 0 ,5 5 3 ; oth er assets, $43,846; tota l, $397,466. L i a b i l i t i e s -C a p ita l sto ck , $ 1 3 2 ,0 0 0 ; u n d iv id ed p rofits, $34,512; deposits, $230,954; to ta l, $397 ,4 6 6 . N o t e .—N et profits fo r th e yea r w ere $9,718. In terest cred ited depositors du rin g y ea r a m ou n ted to $4,089, and ex p en ses o f in stitu tion sam e p eriod w e re $22,597. C om pany paid 4% on its stock in 1902 and paid 2% an d 3% in terest on deposits. Manayunk Trust Co. (Philadelphia). R eso urces— Real estate mortgages............. Stocks and bonds .................... Judgment n o te s ..... ........... . Loans on collateral................ Loans on time........................... Real estate.............................. Ca«h on hand-.. ........................ Cash on deposit..................... Other assets............................ D e c .3 1 ,’ 02. J u n e 3 0 /0 2 . $296,087 $ 315,866 195.026 198,907 10,349 10,274 342,415 317,890 142,427 113,606 21,704 21,704 20,213 14,587 101,808 89,051 11,442 8 ,2 0 2 Total ............................... $1,161,175 D e c . 3 1 /0 1 . $277,155 184,566 11,489 323,500 96,910 21,704 15,115 90,125 7,766 $1,070,383 $ 1 ,0 2 8 ,3 3 0 L ia b il it ie s — Capital stock............................ Surplus fu n d ........................... Undivided profits ................. Gen. dep. payable on demand Special deposits................. . Other liabilities.............. ....... $250,000 60,000 18,566 319,884 499,435 13,290 $250,000 25,000 47,396 292,435 442,017 13,535 $250,000 25,000 42,368 295,540 402,298 13,124 Total................................ $1,161,175 $1,070,383 $1,028,330 Merchants’ Trust Co. (Philadelphia). R esources — N o v . 1 2 /0 2 . M a t 22, ’02. N o v . 2 5 /0 1 . $7,147 $8,327 $6,635 Cash on hand................................ 81,744 138,776 63,736 Due from banks, e t o .................. 620,825 542,865 775,574 L oans upon c o lla te r a l.............. 215,632 225,843 271,820 Stocks, b on ds, e t o ...................... 211.456 208,813 235,490 M oitg a g es. . . . ........................ 49,543 49,877 46,616 R eal esta te,fu rn itu reA flxtu res 36,202 36,009 38,253 Other a sse ts.................................. T o ta l..................................... $1,436,392 $1,223,471 $1,2 1 1 ,3 2 0 L ia b il it ie s — Capital s t o c k .............................. Surplus and reserve f u n d .. .. U ndivided p ro fits....................... D e p o s i t s ...................................... $ 371,333 50 ,0 0 0 38,501 976,558 $250,000 50,000 40 ,2 1 7 883,254 $250,000 50,000 39,377 871,943 T o ta l..................................... $ 1 ,436,392 $1,223,471 $1,211,320 Mortgage Trust Co. of Pennsylvania (Phila.) N o v . 1 2 /0 2 . M a t 2 2 ,’02. N o v . 2 5 /0 1 . R esou rces— $6,024 $4,102 $3,987 Cash on h a n d ................................ 195,331 91,929 D ue from banks, e t o ................. B6.920 160,938 115,273 Call loan s upon c o lla te r a l-----169,726 3,916,041 4,0 8 3 ,4 9 4 L oans u p on bonds and m tges. 4 ,066,972 128,910 100,838 R eal esta te .................................... 91,004 60,748 55,328 Other a ssets.................................. 38,799 T ota l..................................... $4,437,408 L i ABILITIES C apital stock ............................... C ontingent fu n d .................... D eposits su b ject to c h e c k ,........ D eben tu re bon d s......................... T o ta l..................................... $ 4,450,964 $4,467,992 $ 500,000 169,418 95,790 3 ,672,200 $500,000 167,630 94,534 3,688,800 $500,000 153,48 d 104,507 3,710,000 $4,437,408 $4,450,964 $4,467,992 THE February 7, 1903.] CHRONICLE Northern Trust Company (Phila.). Provident Life & Trust Co. (Philadelphia). R eso u rc es — D ec . 3 1 ,’02. J u n e 3 0 ,’02. D ec 3 1 /0 1 . R e a l estate m ortg a g es.............. $ 5 0 1 ,4 3 9 $ 6 9 6 ,8 4 0 $500,285 B o n d s & In vestm ’ t see. ow n ed 2 ,079,192 2 ,0 5 2 ,1 3 2 1 ,937,772 L oans on co lla te r a l....... . 2 ,6 9 5 ,8 7 9 2,507,246 2,634,365 Real estate________ . . . . . . . . . . . . 159,319 159,319 159,319 Cash................................................. 6 71,303 4 46,942 366,723 T o ta l...................................... $6,10 7 ,1 3 2 $ 5 ,862,479 $ 5 ,5 9 8 ,4 6 4 $ 5 0 0 ,0 0 0 6 00,000 34,618 3 ,0 0 0 ,6 4 5 $ 5 0 0,000 5 0 0 ,0 0 0 100,556 2 ,8 8 2 ,1 1 4 $500,000 500,000 54,737 2,831,163 1,951,869 20,000 1,859,809 20 ,0 0 0 1,695,064 17,500 L ia b il it ie s — C apital s t o c k ................................ Surplus fu n d .___ . . . . . . . _______ U ndivided profits......................... Gen. dep p ayable on d em an d. G eneral d ep osits p ayable on tw o w eeks’ n o tic e .................... D iv id e n d ........................................ $ 6 ,1 0 7 ,1 3 2 $5,862,479 $5,598,464 1901. S t a t is t ic s f o r C a l e n d a r Y e a r — 1902. Interest cred ited d ep ositors d u rin g y e a r . . . $110,858 $ 9 9 ,3 6 6 35,000 A m ou n t dividen ds o n com p a n y ’ s s t o c k ........ 40 ,0 0 0 4,526,227 A m ou n t d ep osits rece iv in g interest .............. 4 ,952,514 R ate o f in terest p aid on d ep osits..................... 2% an d 3% 2% and 3% * F orm erly the N orthern Savings Fund, S afe D ep osit & T rust Co. T otal Pa. Co. for Ins. on Lives and Granting1Annuities (Phila.). R eso u rces— N o v , 1 2 ,’02. M a t 2 2 ,’ 02. $ 6 2 3 ,2 8 9 Cash on h an d ................................ $650,791 436 Checks and oth er cash ite m s .. 846 2 ,1 9 6 ,8 1 0 Due from banks, & o .................. 1 ,0 6 9 ,8 9 6 100,000 C om m ercial and other p a p e r. 100,000 9 ,051,352 L oans upon c o lla te ra l............... 8 ,9 4 3 ,4 1 3 6 ,3 5 1 ,0 2 4 Stocks, bon ds, & c ...................... 5 ,9 6 1 ,2 8 7 2,193,663 M ortgages.................. 2,059,663 9 5 0 .0 1 4 R eal estate, fu rn itu re and iix t. 9 5 0 ,0 1 4 53,740 Other assets.......................... 21,635 T o t a l ..................................... $19,7 5 7 ,5 4 5 L ia b il it ie s — C apital s to ck ................................. $ 2 ,0 0 0 ,0 0 0 Surplus fu n d ................................. 2 ,0 0 0 ,0 0 0 U n divided p ro fits............. 998,261 D eposits su b ject to c h e c k ....... 14,732,448 Other lia b ilitie s ......... ................ 2 6 ,8 3 6 N o v . 2 5 ,’01. $ 6 20,484 4,3 6 7 2 ,3 4 7 ,2 0 7 7 ,633,079 4,005,502 1,629,163 950,014 2,823,763 $21,5 2 0 ,3 2 8 $20,013,579 $ 2 ,0 0 0 ,0 0 0 2 ,0 0 0 .0 0 0 9 25,958 16,561,261 33,109 $ 2 ,0 0 0 /0 0 2,000,000 759,629 15,221,419 32,531 T o t a l.................................... $ 1 9 ,7 5 7 ,5 4 5 $ 2 1 ,5 2 0 ,3 2 8 $20,0 1 3 ,5 7 9 F is c a l Y e a r E n d in g N o v . 3 0 — 1902. 1901. T ota l p roil s fo r y e a r ....................................... . . . . . . . . . $ 6 1 0 , 5 6 6 $ 8 72,009 3 48,090 In terest oredited d ep ositors du rin g the y e a r ......... 3 5 2 ,1 3 4 E xp en se o f in stitu tion fo r sam e p e r io d .................... 2 4 4 ,3 4 7 2 4 3 ,0 3 t D ividends on co m p a n y 's s t o c k ........... ........................ 4 0 0 .0 0 0 400,000 R ate o f int. on d ep osits (B a n k in g D e p a r tm e n t)... 2% 2% 2% -4% do do (T rust D e p a rtm e n t)......... 2% -4% Pennsylvania Warehousing & Safe Dep. (Phila.). NOV. 1 2 /0 2 . Reso urces— $2,813 Cash on h and....................... 28 ,2 5 4 Due from ban ks, e to ......... C om m ercial and oth er p a p er..•? 4 5,780 A ccru ed stora g e ch arg es. 227,235 Loans u p on co lla te ra l___ 6 1 4 ,9 1 0 In vestm en t secu rities o w n e d . A ccru ed int. on in vestm ents 820,948 R eal estate,!u rn itu re& iixtu ress 27,501 Other a sse ts......................... M a t 2 2 /0 2 . $2,570 46,531 39,350 396,951 539,741 10,875 820,580 26,188 NOV. 2 5 .’ 01. $ 2,209 55,884 67,150 387,762 385.502 8,750 819,981 28,625 . $1,767,441 $ 1 ,8 8 2 ,7 8 6 $1,755,863 $441,100 576.855 202,527 120,000 400,041 26,918 $ 4 41,100 580,231. 294,526 120,000 4 60,333 26,596 $441,100 591,135 322,668 1 20,000 240,783 40,177 . $1,767,441 $ 1 ,8 8 2 ,7 8 6 $1,755,863 T o ta l............................ L ia b il it ie s — . Capital stook ....................... U ndivided profits & res. fu n d . D eposits su b ject to c h e c k ....... Bonds and m ortgag es p a y a b lee B ills p a y a b le ....................... Other lia b ilitie s.................. T ota l.................. ......... Philadelphia Mortgage & Trust Co. (Phila.). R eso u rces— Cash on h a n d ................................ Due from banks, e t c .................. Loans upon co lla te ra l.............. Stocks, bonds, e t o ....................... M ortgages .......................... ........ Real est’e, furniture & fixtures. Other real e s t a t e ....................... A ccrued in terest a cc o u n t......... Other assets.................................. N o v . 1 2 /0 2 . M a y 22. ’02. $2,690 $1,429 50,922 63,854 13,800 7,8 0 0 219,962 135,576 199,307 240,951 173,008 173,008 1,224,242 1,144.464 75,835 76,959 130.491 165,123 T o ta l..................................... . $2,004,610 N o v . 2 5 /0 1 . $2,525 75,385 8,600 220,132 2 6*,912 173,008 1,126,464 7 5,076 214,488 $2,094,811 $2,165,590 Capital stook............ ................... $1,00 0 ,0 0 0 41,459 Surplus aiul co n tin g en t fu n d . 14,700 U ndivided p rofits....................... 44,244 D e p osits........................................ 100,000 Bills payable ............................... 720,300 C om pany’s bon ds outstanding. 83,907 Other lia b ilitie s .......................... $1,00 0 ,0 0 0 56,312 13,515 38,926 200,000 7 01,500 84,558 $1,000,000 65,796 11.009 44,864 200,000 7 6 0 200 83,7 <;1 T o ta l.................................... . $2,004,610 $2,094,811 $2,165,590 L ia b il it ie s — P hila. Trust, Safe D eposit & Ins. Co. (P h ila .). R eso urces— N o v . 1 2 /0 2 . M a y 2 2 /0 2 . $650,209 Cash on h a n d ............................... $657,131 558,951 314,649 Due from banks, eto .............. 4,426,219 Loans upon c o lla te ra l....... ........ 4,370,641 22,500 15,000 Loans upon bonds and m tg o j. 5,442,131 Stocks, bonds, e t o . . . ................. . 5,391,818 258,500 M ortgages.................................... 258,000 300,000 Keal estate,furniture& ftxtures 300,000 20,241 Other assets................................ . 20,588 '. N o v . 2 5 /0 1 . $672,259 672,061 4,779,815 15,000 5,215,190 258,500 300.000 19,212 $11,434,218 $11,932,037 Capital sto ck ........ .................... $1,000,000 3,089,033 Undivided profits res. fund. D eposits........................................ 7,442,703 Dividends u n p a id ....................... 40 ,6 2 4 $1,000,000 3 ,0 2 1 ,9 *5 7,407.391 4,832 $1,000,000 2,942 ,7 0 0 7 ,982,457 6,880 T otal......................................$11,572,360 $11,434,213 $ 11,932,037 T otal................ .................. $11,572,360 L ia b il it ie s — & 303 N o v 1 2 ,’02. M a t 2 2 ,’ 02. $ 3 4 8 ,2 4 7 8 ,5 2 7 ,7 5 6 2 ,875,104 28,722 1 52,034 1 ,0 5 1 ,4 9 0 $349,798 7,222,609 4,808,981 28,722 101,640 1,009,931 N o v . 2 5 ,’ 01. $347,801 6,633,872 6,374,441 28,722 163,051 723,993 T o t a l .................................... $12 983,353 In su ra n ce D ept, (a ddition al) $ 46,799,708 $13,521,681 $45,145,465 *1 4 ,2 7 1 ,8 8 0 $43,655,136 C apital s to ck ......... ....................... $1,000,000 $ 1,000,000 Surplus and reserve fu n d ................................. 3,100,000 3,000,000 U ndivided p ro fits ........................ 775,131 810,156 Gen. dep. pa ya b le on dem and. 8,108,222 8,711,525 $ 1 ,000,000 R eso u rces— Real esta te m o r t g a g e s ............. S tock s and b o n d s ....................... L oans on c o lla te r a l.................... R eal e sta te .................................... Cash on hand.......................... Cash on d e p o sit................... L ia b il it ie s — 2,925,000 872,796 9,474,034 T o t a l ................ ................... $12,9 8 3 ,3 5 3 $13,521,681 $ 1 4,271,880 In su rance D ept, (a d d it io n a l)..$46,799,708 $45,145,465 $43,655,136 Sta tistic s f o r F is c a l Y e a r e n d in g N o v .— 1902. 1901. In terest cred ited d e p o sito rs d u rin g y e a r ............... $17 0 ,0 5 5 $179,275 A m ou n t dividends on co m p a n y ’ s s t o c k ..................... 24*2% 2 3 1s% all. all. A m ou n t deposits re ce iv in g In terest........................... R ate o f Interest on d ep osits............................................. 2% 2% Keal Estate Title Insurance & Trust (Phila.). D ec . 3 1 ,’02. $ 1 6 7 ,9 6 0 1,074,784 1,723,587 556,451 51,056 6 0 2 ,6 3 0 221,811 J une 3 0 ,’ 02. $15 9 ,3 8 6 1,105,595 1,756,102 557,631 36,767 525,342 221,367 D e c . 3 1 ,’01. $170,076 1,065,116 1,587,782 584,002 44,531 771,721 220,292 $ 4 ,3 9 3 ,2 7 9 $4,362,190 $4,443,520 C apital s to c k ................................ $ 1,000,000 25 0 ,0 0 0 Surplus and reserve fu n d ......... 78,682 U n divided p r o f i t s ...................... Gen. dep. p a y a b le o n dem and. 3,036,047 33 ,5 5 0 O ther li a b il it i e s ......................... $ 1, 000,000 $1,000,000 T o t a l.................................... $ 4 ,3 9 8 ,2 7 9 $ 4,362,190 1902 $5 0 ,0 0 0 3,036,047 R eso u rces— R ea l estate m o r tg a g e s ............. Stooks and b o n d s ....................... L oans on c o lla t e r a l.................... R eal estate ........................... . Cash on b a n d ................................ Cash on d e p o sit......................... Other a ssets.................................. T o t a l................................ L ia b il it ie s — S t a t is t ic s f o r Ca l e n d a r Y ear— A m ou n t dividends on c o m p a n y ’ s sto ck ....... A m ou n t d ep osits re c e iv in g in te r e s t............. R ate o f in terest p aid on d e p o s its .................. 250,uOO 34,964 3,045,718 31,508 2% 200,000 58,673 3,153,497 31,350 $ 4 ,4 4 3 ,5 2 0 1901 $50,000 3,153,497 2% Real Estate Trust Co. (Philadelphia) D e c . 3 1 /0 2 . J u n e 30,’02. D e c . 3 1 /0 1 . M ort’ ges on im p ro v ’d p ro p e rty $ 3 9 9 ,7 5 0 $39 9 ,7 5 0 $401,350 S tocks and bon ds .................... 6 1 9 ,0 3 6 871,454 756,515 L oans on c o lla te r a l.................... 5,080,588 4 ,5 2 «,8 8 0 4,074,059 R eal e sta te .................................... 1 ,693,457 1,693,457 1,591,636 ( ’a sh ................................................. 8 75,930 1,688,301 1,141,758 B ook a c c o u n t s ............................. 2 0 6 ,8 6 7 153,165 46,082 R eso u rces— T o t a l.................................... $ 3 ,8 7 5 ,6 2 3 $ 9 ,3 3 6 ,0 0 7 $8,0 1 1 ,4 2 0 $1,500,000 1,281,532 6,504,4? 5 $1,500,000 1 ,2 3 8 ,2 .5 5,273,195 $ 9,336,007 $8,011,420 L ia b il it ie s — C apital sto ck ................................ $ 1 ,5 0 0 ,0 0 0 Surplus and undivided profits. 1,363,984 Gen dep. p a y a b le on dem and. 6 ,0 1 1 ,6 4 4 T ota l $3,87 5 ,6 2 8 Tacony Trust Co* (Phila.). R eso u rc es — D ec.3 1 /0 2 J u n e 3 0 ,’02. D e c . 3 1 /0 1 . Real estate m o r tg a g e ................ $2 6 ,0 7 5 $26 ,5 0 0 $25,600 S tock s and b o n d s ........................ 2 35,104 321,304 346,424 L oans on co lla te ra l ............. 269,535 215,375 93,200 L oans on p erson al se c u r itie s.. 8,270 6,253 4,425 R eal estate ................................... 40,421 40,421 40,421 Cash on h and................................ 18 ,8 5 6 21,346 21,280 Cash on d e p o s it........................... 9 6 /2 2 87,148 216,478 Other a s s e ts ................................. 13,622 23,571 7,756 T o ta l..................................... $ 7 08,605 $741,918 $755,584 $ 1 27,500 68,707 8,574 135,063 3 67,494 1,267 " $127,500 58,741 23,413 137,137 393,707 1,420 $12 7 ,5 0 0 50,000 13,211 128^237 435,114 1,522 L ia b il it ie s — C apital s to c k ............. ................. Surplus and reserve fu n d ......... U nuivided p r o fits ....................... D eposits in S avin g F un d ........... Gen. dep. p a ya b le on dem and. Other lia b ilitie s ........................... Total, $741,918 1902 T ota l o f profits fo r y e a r ........................................... $3 6 ,8 6 3 In terest credited d ep ositors d u rin g y e a r ........... 1 1 /0 5 E xp en ses o f in stitu tion sam e p e r io d .................. 10,171 A m ou n t dividen d s on oo m p a n y ’ > s to c k .............. 9,0 0 0 R ate o f in terest p a id on d e p o s i t s ...................... 2% & 3% * F orm erly T a co n y Sav. F un d, Safe D ep ., T itle & Tr. Co. St a t is t ic s $ 7 0 3 ,6 0 5 for F is c a l Y e a r e n d in g O c t . 15— $755,584 1901 $30,244 4,895 9,1 3 6 7’ 500 2% & 3% Tradesmen's Trust & Savings Fund 'Phila.) o y . 1 2 ,1 9 0 2 - Cash on hand, $14,906; due fr o m banks and baukers, $ 4 0 ,9 8 6 ; com m ercia l and oth er p a p er ow n ed , $ 6 9 ,8 0 5 ; ca ll loans upon colla tera l, $ 4 8 ,1 2 7 ; stock s, bonds, etc.. $1,2 o ; m ortages and grou n d rents, $ 145,461; real estate, fu rn itu re and fixtures. 228,083; other assets, $L0,575; tota l, $559,193. L i a b il it ie s - C apital stock, $ 1 2 5 ,0 0 0 : surplus and reserv e fund, $ 1 0 5 ,0 0 0 ; u ndivid ed p rofits, $15 3 9 5 ; deposits, $ 2 3 4 ,0 9 6 ; oth er lia bilities, $ 2 9 ,7 0 2 ; tota l. $559,193. N o t e .—Com p a n y a llow s 2% in terest on d 3 ily balan ces a v era gin g R eso urces- N f $ 200. 6 ‘ Trust Co. of North America (Philadelphia). R eso u r c e s — N o v . 1 2 /0 2 . M a t 2 2 /0 2 . N o v . 2 5 /0 1 . Cash on band. ......... ....... *53.154. $51,884 $39,594 Due fro m banks, e t c .................. 4 66,350 545,336 558,487 L oans u p on co lla tera l ....... 2,241,738 2,509,114 1,773,953 L oans upon bon ds and m tges. 3,000 3.000 3.000 8tock s. bonds, e t o ...................... 754,762 676,814 665,180 M ortg a g es...................................... 2,500 3.000 3.000 Real estate,furniture& fixtu res 3 8 9 /0 6 383,670 390,334 Other a sse ts.................................. 3,702 2,200 3,560 T o ta l..................................... $3,914,312 L ia b il it ie s — 0 <pital s t o c k ................................ $1,00 0 ,0 0 0 U n d ivi'd p ro f. & reserve fu n d. 158,022 D ep osits.................................. . . . . 2,756.290 $4,175,018 $3,437,048 $1,000,000 '3 3 ,1 7 4 3,041,844 $1,000,000 105,553 2,331,495 $3,914,312 $4,175,019 $3,437,043 T o ta l..................................... THE CHRONICLE. 304 Union Surety & 1,215 157,636 87,649 241,565 N o v . 2 5 ,’01. $5,333 16,556 51,876 44,699 1,655 157,004 113,901 161,713 T o t a l..................................... L ia b il it ie s — C apital s to ck ................................ U n d iv profits & reserve fu n d . D e p o s its ......................................... $541,692 $550,277 $552,737 $250,000 114,401 177,291 $ 2 5 0,000 100,268 200,009 $250,000 7 9,364 223,373 T o ta l..................................... $541,692 $550,277 $552,737 N o v . 12, ’ 02. $5,256 15,197 33,174 Union Trust Co. (Philadelphia). NOV. 1 2 ,’ 02. R eso u rc es — $55,573 Cask on h a n d ........................ 158,816 D u e fro m banks, e tc........... 857,502 L oans u p on co lla te r a l___ 383,350 Stocks, b on d s, e t c .............. . 115,945 M ortgages ....................... 3 06,546 R eal est., fu rn itu re & fix tu res. 580,610 O ther real esta te ................ 39,196 Other assets.................... M a t 2 2 ,’02. $46,350 75,822 690,098 376.562 116,430 304,659 5 89.563 40,371 N o v 2 5 ,’01 $40,163. 130,516 525,369 311,959 116,145 304,026 601,892 45,565 , $2,497,538 $2,239,855 $2,075,635 $ ‘ 00,000 2 50,000 20,187 1,724,222 3 ,1 *9 $ 5 0 0 ,0 0 0 2 56,000 12,999 1,475,149 1,707 $500,000 2 50,000 28,100 1 ,292,767 4,768 $2,497,538 $2,239,855 $2,075,635 L ia b il it ie s — C apital s to c k ......................... Surplus and reserve fu n d ,. U n d ivid ed p r o iits ................ D ep osits .............. . . . . . . Other lia b ilitie s ................... LXXVI. United Security Life Insurance & Trust (Phila.)—Cone. Guaranty Co. (Phila. M a t 22. ’ 02. $4,345 18,078 20,392 34,664 1,265 157,806 81,883 231,844 R eso u rces — Cash on h a n d ................................ D u e from banks, e t c .................. L oan s upon co lla te r a l.............. L oans u p on bon ds and m tges. Stocks, bon ds, e t c ......................... M ortg a g es....... ........................... R eal estate, furn. & fix tu r e s .. O ther assets.................................. [V O L . United Security Life Insurance & Trust (Phila.). R esou rces— D ec . 31, ’02. M a t 2 2 ,'0 2 . D ec . 3 1 , ’ 01. $L,798,105 $1,770,270 R eal estate m ortga ges.............. $1,665,175 229,892 232,391 S tock s and b o n d s ....................... 192,952 655,569 911,199 L oans on c o lla te ra l.................... 759,109 564.317 4 0 2 ,2 7 2 R eal e s t a t e ................ 5 07,824 196,309 9 ,419 Cash on hand and on d ep osit.. 3 06,446 178,720 191,230 O ther assets.................................. 191,829 T ota l...................................... $3,623,335 L ia b il it ie s — C apital s to c k ................................ $1,000,000 Surplus fu n d ............................. 4 00,000 U n d ivid ed p rofits.............— 139,428 Gen. dep. p a y a b le on dem and. 1,049,502 O ther lia b ilities........................... 1,034,405 $3,59 7 ,2 8 2 $3,625,411 $ 1,000,000 $ 1 ,000,000 4 53,932 57.225 9 96,929 1,089,196 350,000 158,802 859,461 1,257,148 T ota L .................................... $3,623,335 $ 3 ,5 9 7 ,2 8 2 $3,625,411 Sta tistic s f o r C a l e n d a r Y e a r — In terest cred ited d ep ositors d u rin g y e a r ___ A m ou n t dividen d s on co m p a n y ’s s t o c k ......... A m ount deposits re ce iv in g in terest................ R ate o f in terest p a id on d e p o s its .................... 1S02. 23,487 50,000 1,049,502 2 & 3% 1901. 17,063 50,000 859,461 2, 2 ^ & 3 % West End Trust Company (Philadelphia). D E C .31,’ 02. J u n e 30,’ 02. R eso u rc es — $76,511 Cash on h and........................ $65,789 Due from banks, e tc ............ 323,676 273,319 C om m ercial and oth er p aper o w n e d ........................................... 1,017 L oans upon co lla te r’l and upon 2,441,211 bon ds and m o rtg a g e s............ 1,984,516 1,027,987 Loans upon bon ds and m o r ts .. 925,459 160,900 161,900 M ortg a g es..................................... 707.293 Re al estate, f urnit’re & fix t’r e . 693,815 Other assets.................................. 26,073 20,317 L ia b il it ie s — C apital s to c k ........................ Surplus and reserve fnnd. U ndivided profits......... . . . . D e p o s its ................................ Other lia b ilitie s .................. Nov. 25,’01 $57,532 433,217 2,5 0 0 1,116,083 630,755 138,450 690,780 27,874 $4,758,912 $4,130,871 $3,097,191 $1,000,000 775,000 56,459 2,927,453 $500,000 200,000 76,355 2,760,626 *593,890 $500,000 175,000 32,781 2,389,410 $4,758,912 $4,130,871 $3,097,191 N o te —C om pany p a id 6% on its stock in 1902. In terest is paid on a ll deposits at the rate o f 2 an d 3% . ‘ In stalm en ts on n ew stock. West Phila. Title & Trust Co. (Phila.). R esources— R eal estate m o rtg a g e s................ Stocks and b o n d s.......................... L oans on co lla te ra l .................. L oans on p erson al s e cu ritie s.. Real esta te..................................... Cash on h a n d ................................. Cash on d e p o s it............................ Other a ssets................................... D ec .3 1 ,’02 J u x e 30,’02. D ec. 3 1 , ’01. $ 4 9 6 ,2 0 6 50.666 1 ,426,649 Nil. 100,726 71,430 232,889 2 b ,843 $472,151 62,336 1,472,004 Nil. 101,269 61,581 207,428 20,708 $ 2 r6 ,8 9 8 52,601 1,400,686 Nil. 102,911 54,632 260,175 19,699 $2,397,477 $2,147,600 $ 250,000 125,000 35,166 1,989,243 $250,000 125 ,0 0 0 26,244 1,996,233 $25 0 ,0 0 0 100,000 43,135 1,754,465 T o ta l....................................... $2,399,409 $2,397,477 $2,147,600 T ota l .................................... $ 2 ,399,409 L ia b il it ie s — C apital stock paid i n _______ Surplus and reserv e fu n d ........ U ndivided p r o fit s ........................ General d e p o sits.......................... N o t e .—Company paid 6% on its stock in both 1902 and 1901. St. Louis Companies. American Central Trust Company* (St. Louis). Commonwealth Trust Company (St. Louis).—Concluded. R eso u rces — D e c . 31,’02. J u n e 30,’ 02. $ 2 17,600 R eal estate loan s......... ............................................ $375,500 218,730 S tocks and b o n d s .................................................... 2 4 1 ,"0 1 1,823.177 L o a n s ......................................................................... 2,169,104 15.637 Cash jn h a n d .................. ..................................... 3 3,777 D ue from ba n k s...................................................... 233,457 220,833 11,155 Other assets.............................................................. 21,711 L ia b il it ie s — O ct . 31, ’02. M a t 20, ’ 02. D e c . 31, ’01. Capital s to c k ................................ $1,865,800 $1,000,000 $ 1, 000,000 Surplus and u n d iv id ed profits. 3,273,554 1,102,417 1,032,904 D iv id e L d ........................................ *30,000 S tock su b scrip tion a c c o u n t .... 418,189 1,752.625 875.000 2,026,211 D e p o sits........................ 1,506,800 1,937,158 T o t a l.................................................................... $3,07 5 ,2 5 0 L ia b il it ie s — $ 1 ,0 0 0 ,0 0 0 C apital stock ................................................. Surplus f u n d ........................................................... 500,000 U ndivided p ro fits ............................... 44.517 D eposits. ............................................................. 1,526,214 T reasurer’ s ch eck s o u t s t a n d in g ..................... 4,519 $2,507,132 $ 1,000,000 500,000 8,585 995,841 2,706 $2,507,132 T o t a l.................................................................... $ 3 ,075,250 1902. S t a t is t ic s f o r C a l e n d a r Y e a r — T ota l o f profits fo r y ea r................................................................ $118,458 52,040 E xp en ses o f in stitu tion sam e p e r io d ..................................... N one A m ou n t dividen d on co m p a n y ’s sto c k ................................... N o t e .—R ate o f in terest paid on deposit* 2% on cu rren t a ccou n ts and 3% on savings deposits and tim e certificates o f deposit. ‘ C om m enced business F ebru ary 1 0 ,1 9 0 2 . Colonial Trust Company* (St. Louis). R esources— D e c . 31, ’02. A p r . 3 0 ,’ 02. L o a n s ......................................................................... $2,71 1 ,8 8 2 $2,4V0,714 S tocks and bon ds .................................................. 394,725 620,679 C olon ial T r o st b u ild in g ...................................... 647,870 585,000 .................................. 20,676 F urn itu re and fixtu res 5,750 Cash on hand and in h a n k .................................. 499,405 405,432 Other ree ou rces....................................................... 1,250 T o ta l .................................................................. $4,27 4 ,5 5 8 L ia b il it ie s — C apital stock p a id in ............................................. $ 1 ,5 0 0 ,0 0 0 S u rp lu s...................................................................... 1,500,000 72,873 U n d ivid ed profits .................................................. D ivid en d s u n p a id ................................................... 30,000 D e p o s it s ................................................................... 1,171,685 #4,03 8 ,8 2 5 $1,50 0 ,0 0 0 1 ,500,000 21,882 1,016 ,9 1 3 T ota l.................................................................... $4,274,558 $4,038,825 N o t e .— in terest is paid a t the ra te o f 2 p. o. on re g u la r d ep osits and 3 p. c. on savin gs deposits. T o ta l profits fo r the y ea r 1902 w ere $102,873. r C om m ercial bu sin ess in Jan u ary, 1902. Commonwealih Trust Company (St. Lonls). . R esources— O ct. 31, ’ 02. L o a n s...................... $4,905,028 B on d s and s t o c k s 257,465 R ea l e s ta te .................................... 700,000 Cash in v au lts & d e p o s ito r ie s . 1,201,850 T £ a l ......................................... $7,064,343 M a t 20, ’ 02. D ec . 31, ’01. $ 3 ,7 9 0 ,9 *4 $2,657,208 386,085 3 6 4 703 635,000 635,000 1,069,174 1.218,151 $5,88 1 ,2 6 3 $4,87 5 ,0 6 2 T o t a l ....................................... P ayable Jan. 2 ,1 9 0 2 . $7,064,343 $5,881,253 $4,875,062 Germania Trnst Company* (St. Louis). R e s o u r c e s .— D e c . 3 1 ,’02. J u n e 3 0 ,’02. Stocks and b o n d s .................................................... $365,141 $427,928 L o. m on co lla te ra l................................................ 2,548,034 2,227,221 R ea l estate............................................ 200,000 C a s h o n h a o d ......................................................... 43,156 14,396 Cash on d ep osit....................................................... 278,551 127,882 Other a ssets............................................................... 30,109 7,972 T o t a l.................................................................... $3,464,991 L ia b il it ie s .— Capi alsL 'C k........................................ $1,000,000 Surplus fu n d ......................... ................................... 1,000.000 U ndiv ded p rofits.................................................... 92,296 D eposits in tru st................................ ................... ............. G en ’i dep.. p a ya b le on d em a n d ......................... 1,366,177 Other lia b ilitie s....................................................... 6,518 $2,805,399 T o ta l.................................................................... $3,464,991 ‘ C om m enced business F e b ru a ry 1 0 ,1 9 0 2 . $2,805,399 $ 1,000,000 1,000,000 10,492 1,246 777,293 16,368 Lincoln Trnst Company (St. Louis). R eso u rc es — D ec . 3 1 , ’02. J une 3 0 . ’ 02. D ec 3 1 ,’01. L o a n s........................................... $5,547,765 $5,388,383 1,896,101 B onds and stocks .................. 2,001,221 Cash on hand and in ban ks.. 774.164 937,031 816,942 R ea' e sta te ................................ 73,168 79,975 Safe d ep osit v a u lts.................. 34,000 34 000 A ccrued interest, on lo a n s ... 96,110 74,130 119,588 O v e r d r a fts ................................ 2,089 1,833 771 M iscellaneous d e b its.............. 2,949 2,587 2,706 T o ta l..................................... L ia b il it ie s — C anital sto rk ............................ Surplus ......... ......................... . . U ndivided p r o f i t s ................. D e p o sits..................................... M ortgage tru st b o n d s ........... R eserve fo r i n t , ta x . & p rem . M iscellaneous cre d its............. 1,500,000 176,340 51,634 4,966 T o ta l..................................... .. $9,461,862 Sta tistic s f o r C a l e n d a r Y e a r — T o ta l o f profits fo r y e a r.................................... In erest cred ited depositors du rin g y e a r .. E xp en ses o f institution sam e p e rio d ....... . A m ou nt dividends on co m p a n y ’s s t o c k ,.... A m ou nt deposits reoeiv in g in terest............. R ate o f in terest paid on d e p o sits.................... $8,717,193 $8,293,008 $2,000 000 1,500,000 136,396 4,283,255 742,700 47,013 7,829 $2,000,000 1,500,000 96,262 4,070,965 592,500 27,103 6,178 $8,293,008 $8,717,193 1902. 1901. $483,450 $494,247 138,006 137.546 83,824 116,624 83 333 160,000 all all 2% dem and, 3% sayings. F ebruary THE 7, 1903.] Mississippi Talley Trust Co. (St. Louis).—Concluded. Mercantile Trust Company (St. Louis). Oc t . 31, ’02. j0ans $ 1 3 ,7 4 0 ,5 6 0 ionds and s t o c k s .......... 4,60 6 ,3 2 0 :ash item s In cou rse o f o o l’ n . 66,699 ven ue scam p s....................... — ........ )ash in vau lts and d ep osit’ s ... 3,283 ,6 2 6 )thor a sse ts..................... 6,649 resources- T o t a l ....................................... $ 21,712,854 J u n e 5, ’02. $10,8 3 6 ,3 6 0 2 ,621,706 835 2,685,673 4,919 $ 1 6 ,1 9 4 ,6 5 4 N o v . 15,’ 01. $ 8 ,4 9 3 ,0 4 4 1,269,818 - - - ---• 832 2,11^,094 43,537 L ia b il it ie s — iapital stock ........................... $ 3 ,000,000 urplus and u ndivided profits 6,787,610 teserved for ta x e s ...................... ........... leserved fo r in terest accru ed . ............. tes’ d fo r W orld’s Fair su b’t’n. ............. tes’d fo r safe deposit vaults and fu rn iiu re (new b ’ld ’ g .) .. ............. itock su bscrip tion a cco u n t— ............. le p o s i t s ........................... 11,910,624 )ther lia bilities........................ 14,620 T o t a l........................... .$ 2 1 ,7 1 2 ,8 5 4 1902 1901. fo r Ca l e n d a r Y e a r — 1,031,857 694,327 T ota l net profits fo r y e a r ................................ 498,384 499,761 Interest cred ited d ep ositors d u rin g y e a r. 231,244 225,462 E xp en ses o f in stitu tion sa ae p e rio d ------360 000 315,000 Annum ’ d ividen d s on co m p a n y ’ * s ’ oek .. ....... In terest paid on all deposits A m ou nt deposits receiv in g interest Kate o f Interest p a il on d e p o s its ...2 % on dem and a o d 3% o n tim e d e p . S t a t is t ic s Missouri Trust Company (St. Louis). $11,9 2 4 ,3 5 5 $3 0 0 0 ,0 0 0 6,730,088 18,000 $ 1 ,5 0 0 ,0 0 0 2 ,1 0 1 ,4 7 4 26,750 2,000 6,370,294 8,638 1 2 5 /0 0 3 ,0 0 2 ,4 0 0 5,163,368 3b3 $ 1 6 ,1 9 4 ,6 5 4 $11,9 2 4 ,3 5 5 67,634 N o t e .— C om pany p a id 16% on its stock in 1902. In te r e s t Is alowed at the rate o f 2% on d a ily balan ce and 3% on tim e certifica tes ,nd savings accou nts. R esources— D e c . 3 1 ,’02. J u n e 30, ’ 02. D ec . 31, ’01. $66 2 ,8 8 0 $ 759,237 R eal estate m ortga g es.............. $ 5 9 '',4 2 4 405,700 386,600 S tocks and b o n d s ......................... 583,813 1,687,614 1,247,308 L oans on colla tera l .................. 2 ,079,230 51,621 22,033 L oans on personal s e c u r itie s .. 214,612 25,000 340,000 Real estate (office b u ild in g ). . . 7 50,000 418,822 534,875 Cash on b a n d and o n d e p o sit.. 570,720 74,090 47,704 Other a sse ts .................................. 160,378 T o t a l....................................... $ 1 ,9 1 9 ,1 7 7 $ 3 ,6 4 0 ,7 2 7 $ 3,022,762 C apital stock ............................. $ 2 ,0 0 0 ,0 0 0 Surplus fu n d ....................... 210,497 U ndivided p rofits........................ 150,354 D eposits in tru st......................... 226,638 Gen. deposits pay. on d em a ’d. 1,961,688 Other lia b ilitie s ........................... 400,000 $1,927,500 207,440 89,756 328,081 1,079,552 8,398 $1,925,000 207,440 44,824 471,086 325,285 49,127 T o ta l........................................ $ 4 ,9 4 9 ,1 7 7 $ 3 ,6 4 0 ,7 2 7 $3,022,762 L ia b il it ie s — St. Louis Union Trust Company (St. Louis). Mississippi Valley Trust Company (St. Louis). D e c . 3 1 , ’02. J une 3 0 , ’02. D e c . 31, ’01. teal estate m o rtg a g e ® ......... . $ 8 2 3 ,8 9 0 $ 9 0 0,275 * $1,16 9 ,6 4 7 8,395,255 tock s and bonds ...................... 9 ,134.294 9,130 ,0 7 8 12,373,655 A>ans on co lla te ra l.................... 13,656,617 12,728,476 ,oans on p erson al s e cu ritie s.. 6 01,262 ..... 2 29.000 teal esia te .................................. 441,449 227,261 899,901 lu s h o n h a n d ................................ 863,990 9 74,247 2,969,873 3 ,515,018 2,337,691 lash on d e p o s it........................... 8 8,024 ither a s s e t s ............................ 136,239 126,789 R eso u rces— T o ta l.........................................$29,1 7 7 ,7 5 9 $26,4 7 4 ,8 1 7 305 CHRONICLE R e so rces — D e c . 31, ’ 02. J u n e 30, ’02. D e c . 31, ’01. Real estate m o rtg a g e s.............. $1,82 9 ,2 1 1 $1,875,013 $2,393,001 S tock s and b o n d s ....................... 5 ,473,898 5,091.823 2,965,076 7,847,415 L oans on colla t. & p e rs’i sec’ s. 15,402,551 17,332 018 498,213 R eal estate and office bu ildin g. 5 19,016 484,130 Cash on h a n d ................................ 114,191 37,692 58,167 2,304,864 Cash on d e p o sit............................ 2 ,572,043 3,286,826 17 20,755 2,850 Other a sse ts............................... 40,000 Safe d ep osit v a u lts...................... 55 ,0 0 0 40,000 $ 26,125,355 L ia b il it ie s — Capital sto ck ....... ............ $ 3 ,0 0 0 ,0 0 0 urplus f u n d ........... ................. 3,500 ,0 0 0 1,474,403 Individed p rofits....................... ieposits (tim e)............................. 10,11 7 ,9 5 4 lepusits (d e m a n d )................... 1 0 ,7 8 9 ,5 4 4 dher lia b ilitie s ........................... 2 95,858 $ 3 ,0 0 0 ,0 0 0 3 ,500,000 1,080,461 9,785 ,6 3 6 8 ,978,477 130,243 $ 3 ,0 0 0 ,0 0 0 3 ,500,000 802,546 11,061,411 7 ,695,407 65,9.11 T o ta l......................................... $29,1 7 7 ,7 5 9 $26,4 7 4 ,8 1 7 $ 2 6 ,1 2 5 ,3 5 5 T o ta l ........................................ $ 25,986,695 $ 23,668,340 $15,588,765 $ 5,000,000 3,33 <,333 735.459 125 306 19,424,24 2 $ 3,000,000 L ia b il it ie s — C apital s to c k ................................ $ 5 ,0 0 0 ,0 0 0 Surplus fu n d .............................. 4 ,0 0 0 000 U n divided p ro fits........................ 341.049 D ivid en d s u n p a id ............. 1 25,000 G en eral d e p o sits........... ............. 1 6 ,5 0 3 ,8 6 6 Reserve lor taxes ................... ........... O ther lia b ilitie s........................... R es’ v e f or int. on savin gs a ccts. 181,684 60,000 10,329,756 40,000 8,780 8,000 T o ta l......................................... $ 25,986,695 2 , 000,000 17,325 ... 10,000 $28,668,340 $15,588,765 New York and Brooklyn Companies. Broadway Trust Compiny (New York). Atlantic Trust Company (New York). R esources. Dec. 31, ’02. J un e 30, ’02. D ee. 3 1 ,’ 01. $1,02 7 ,3 0 0 $1,00 7 ,3 0 0 onds and m ortga g es............. . $9 79,800 1,635,205 1.125,591 tock in v est’s (m arket v a lu e).. 1,272,598 9,384,375 10,23 5 ,7 2 5 mount loan ed on colla tera ls . 7 ,4 9 1 /0 0 76,922 146,035 int. loan ed ou pers’ i secu rit’ s 176,600 55,830 5 5 ,* 3 0 eal estate (estim ated v a lu e ).. 55,830 15,094 10,050 ash on hand .............................. 17,663 940,257 1,141,131 !ash on d e p o s it....... 1,258,952 163,123 92,219 ther assets.................................. 81,608 T o ta l............................ .$ 1 1 ,3 3 4 ,5 4 6 L iabilities. apital s to c k .............. $ 1 ,5 0 0 ,0 0 0 urplus fu n d ..................... 1,126,600 Individed p ro fits ....................... •eposits in tru st.............. 243,181 eneral d ep ’ ts, p ay. on d e n t'd . 8,285,204 ther lia b ilities............... 179,561 $ 1 4 ,3 2 3 ,4 9 4 R esources. B on d s and m o rtg a g e s ....................... S tock investm ents (m arket v a lu e). A m ou n t loan ed on p erson al secu ritie s. Heal estate (estim ated v a lu e ).................. Cash on b a n d ................................................. Cash on d e p o sit............................................. Other assets.................................................... Dec. 3 1 ,’02. J u n e 30, ’ 02. $98,000 $64,165 92 2,282 849,588 1,332,200 1,012,062 627,7 22 628,895 5,000 5,000 46,615 33,550 5 6 9 /5 4 639,032 33,595 26,240 $ 1 2 ,7 8 8 ,4 9 2 ; $3,634,868 $3,263,532 $70 0 ,0 0 0 350,000 28,145 2,544,204 12,519 $700,000 350,000 4,239 2,178,466 3 0 ,7 17 $3,631,868 Supplem entary. T otal am ount o f profits d u rin g the y e a r ___ $101,539 Int. cred ited depos. d u rin g the sam e p e rio d . 26,6*17 30 746 E xpenses o f Institution d u r’ g sam e period.. A m t. o f d ep osits on w h ich m t’ st is a llo w e d . 2,463,174 2 to 3 •* p. 0, $3,263,532 L ia b ilities. $1,50 0 ,0 0 0 1,080,121 22 V,467 11,478,895 43,021 $ 1 ,5 0 0 ,0 0 0 1,00- ,000 3 0,0 3 398,051 9 ,776,626 83,752 $ 1 4 ,3 2 3 ,4 9 4 $12,7 8 8 ,4 9 2 T o ta l......................................... $ 1 1 ,3 3 4 ,5 4 6 Supplem entary. ot.am ’ t o f profits du rin g year. $ 6 8 *,8 1 4 *$3 4 2 ,1 2 2 $ 4 66,342 1 at.credited d ep ’ rs sam e por’ d. 279,572 *133,212 237,959 Ixp. o f iu stit'on , sam e p eriod . 99,729 *59,377 1 17.883 .mt. divs. deol’d sam e por’ d ' a t o S 112,500 00 ate oo ff in terest...........................l ^ p . o . l^ j to*52,500 3*a%. H e to 390 ^ ,0 p .c. iu t.ofdep.on w hich in t.is ail’ d 7 ,8 2 0 ,9 0 0 _ 8 ,9 3 1 ,4 0 4 8,831,307 Bowling Green Trust Company (New York). Resources. Dec. 3 1 , ’02. J u n e 30, ’02. Dee. 3 1 ,’ 01. took in vest’ ts (m arket v a lu e ). $5,70 2 ,2 2 9 $ 6 ,3 7 6 ,3 4 0 $5,337,567 mouut loaned on colla tera ls . 7,807 ,3 9 5 10,773,298 7,557,337 mount loaned on p er’ l secu r.. 4 5,5 >4 94,697 115,365 >ue from b a n k s.................. ........ 6 96.526 ............. . . . ----ash on h a n d ................................ 21 6 ,5 2 4 42 ,2 6 0 327,442 ash on d ep o sit........................... 2 ,3 1 1 ,*7 0 2,053 ,0 3 7 1,585,142 ther assets................................... 99 ,6 7 4 6 3 4 ,0 1 4 491,821 T o t a l.........................................$ 1 6 ,9 0 9 ,3 3 2 $ 1 9 ,9 7 3 ,6 4 6 $15,4 1 4 ,6 7 4 L ia b ilities. $ 2 ,5 0 0 ,0 0 0 $ 2 ,5 0 0 ,0 0 0 apital s to c k ................................ $ 2 ,5 0 0 ,0 0 0 2,500 ,0 0 0 jirp lu s fu n d .................................. 2 ,500,000 2 ,500,000 395,399 ndivided profits......................... ......... 48 ,1 0 0 6,463 ' eposits in tru st......................... 484,613 6,953 eneral deposits, pay. on dem. 5,373,384 1 'ue trust com p a n ies................ 2 ,282,944 ! 14,429,664 9 ,9 5 3 ,5 1 2 'ue savings ba n k s...................... 668,495 ( ue banks and b a n k ers........... 3 ,0 5 0 ,3 4 6 ) 59 ,3 0 0 488,929 ther liabilities............................ 4 9,550 .'I T o ta l.........................................$ 16,909,332 $ 1 9 ,9 7 3 ,6 4 6 $15,4 1 4 ,6 7 4 S upplem en tary. $681,496 ot. am’ t profits du rin g year . 8 52,392 *$286,032 2 47,996 t.cred ited dep’ s, sa m e p e r’d. 29l,9rf7 *133,574 148,470 xp. o f institnt’ n. sam e p e t’ d . 99,442 *46,421 9,064 ,4 2 8 n r to f dep.on w h lch in t.(s a il'd 1 0 ,640,700 13,793,883 I verage rate o f in terest...........2 to 3*s p. o. 2 to 3 p. o. 2 to 3 p. o. * For the six months only, Jan. 1 to June 30. Surplus f u n d ....... U ndivided profits . Other liabilities. t$ 2 7 ,5 4 0 t4,646 18,874 2,131,112 2 to 3 p. c. i M ay 5 to J u ly 1. Brooklyn Trust Company (Brooklyn). Resources. D ee. 31, ’02. J u n e 3 0 ,’ 07. D ec. 31, ’ 01. Bonds and m o rtg a g e s.... $533,8<>0 $60,750 $84,250 Stock in v est’s (m arket v a lu e ).. 6,1C6,«'43 5,473.312 6,143,318 Am ount loaned on colla tera ls. 7 ,1 1 7 ,8 7 0 7 ,1 9 3 ,2 *0 6,536,875 5 1 4 ,3 2 0 Ain’t maned on p ers’ i se cu rit’s. 1,126,355 868,528 Real estate (estim ated v a lu e ).. 150,004 18M - 7 11196,047 Cash on hand. ............... ........... 86,841 118,187 115,601 1,790,831 Cash on d e p o s it................. 2,165 ,7 8 3 1,222,570 Other assets....................... 226,346 195, b07 247,207 T o ta l......................................$ 1 6 ,9 6 1 ,0 0 7 $ 1 6,813,505 L iabilities. Capital s to c k ................................ $ 1 ,0 0 0 ,0 0 0 U ndivided p r o fits ....................... 1.877.2o9 D eposits in tru st........................... 1,342,786 G eneral d ep osits pay. on d em . 11,88 0 ,3 0 0 Other lia b ilities............................. 860,712 T o t a l...................................... $ 1 6 ,9 6 1 ,0 0 7 Supplem entary. T ot.am ’ t o f profits du rin g year. $ 7 4 1 ,0 3 7 In t.cred ited d ep os’s sam e per’ d 3 07,921 E xp .of in stitu tion , sam e p e r’ d. 9 2 .8 0 0 A m ’t o f d iv s.d e cl’ d ,sa m e per’ d 1 6 0 .0 0 0 A m t.of d ep.on vrhiohlnt is ail’ d 13,563.484 Rate o f In terest............................ 2 to 4 p. o. $ 14,744,390 $ 1,000,000 $ 1 ,000,000 1,8*7,221 781.521 13,091,888 92,875 1,822,385 664,154 11,166,769 91,082 $16,813,505 $14,7 4 4 ,3 9 0 * $ 3 5 4 /3 0 ‘ 147,724 *46,109 *80,000 13,647,151 2 to 3 p. o. * For the six months only, Jan. 1 to June 30. $618,035 266,205 92,057 160,000 11,496.683 2 to 3 p. c. £ Book value. THE 306 CHRONICLE. Central Realty Bond & Trust Co. (New York). TZpftmi v p p e Dec. 31, ’02. Jun e 30, ’02. B onds and m ortgages................ $ 3 ,2 3 6 ,4 0 4 $ 2 ,728,142 Stook ln v ’stm ’ts (m arket valu e) 3 ,263,767 2,645,602 A m ou n t loan ed on co lla te ra ls . 12,097,550 3,941,454 R eal estate (estim ated v a lu e ). ............. 6 99,910 Cash on h and................................ 69,715 31,669 1,730,445 Cash on d ep osit............................ 3,239,973 Other assets.................................. 2 91,653 60,226 D ec. 31, ’01. $2,153,905 1,407,034 4,141,323 885,135 29,487 1,687,880 52,417 T o ta l.............................................$ 22,199,067 $ 11,837,443 $10,357,181 L ia bilities. C apital s to o k ................................ $ 2 ,0 0 0 ,0 0 0 1,000,000 $1,00 0 ,0 0 0 Surplus fu n d ................................. 5 ,5 0 0 ,0 0 0 5 00,000 5 00,000 U n divided p r o fits ....................... 2 ,3 2 8 ,9 7 0 1,522,238 1,205,024 D ep osits In t r u s t ........................ 44 7 ,3 7 2 24,793 65,974 G en’ l d ep osits p a y a b le on dem . 11,601,030 8,781,474 7 ,5 7 6 ,7 4 6 O ther lia b ilities............................ 321,695 8,943 9,437 T o ta l............................................. $ 2 2 ,1 9 9 ,0 6 7 $ 11,837,448 $10,357,181 Supplem entary. T ota l am ’ t p rofits du rin g year. $1,842,018 *535,978 $1,213,682 In t. credited depos. sam e per’ d 294,373 *120,598 177,452 E x p . o f in stitu tion , sam e per’ d 82,152 *38,165 75,552 A m t. o f dlvs. d e cl’d sam e p er’ d 2 60,000 50,000 A m t. depos. on w h. int. is a il’d. 11,889,655 8,750,698 7,497,339 R ate o f in terest............................ 2 t o 4 6 10p.o. 2 t o 4 p . c. 2 t o 4 p . c. Central Trust Company (New York). f? P Q fiiii* p p c D ec. 31, ’02. J u n e 30, ’02. Dec. 3 1 ,’ 01. B ond s and m ortg a g e s................ $ 2 2 5 ,0 3 7 $164,662 $99,409 S tock in v est’ s (m arket v a lu e ).. 20,965,471 19,570,142 17,988,505 A m ou n t loan ed on colla tera ls . 28,616,926 30,955,177 35,269,850 A m ’t loan ed on p ers’l secu rit’ s. 3 42,004 369,838 .8,0 0 0 R eal estate (estim ated v a lu e ).. 980,717 982,022 990,510 Cash on h a n d .................................. 14,740 43,296 34,372 Cash on d e p o sit.......................... 3 ,444,700 3,758,273 4,887,854 Other assets................................... 835,673 1,055,040 1,123,536 [V o l . LXXVI. Continental Trust Company (New York). Resources. Dec. 30, ’02. J u n e 30, ’02. B onds and m o rtg a g e s................ $531,000 $511,500 Stock in v est’s (m arket v a lu e ).. 3,07- ,027 2 ,4 0 6 ,“ 65 Am ount loaned on colla tera ls. 10,667,293 14,896,705 Am t. loaned on p ers’l se cu rit’s. 737,720 519,488 R eal estate (estim ated v a lu e ). 103,500 103,500 Cash on h a n d ................................ 25,942 13,653 Cash on d ep osit............................ 2,025,486 2,302,112 Other a ssets.................................. 192,791 96,801 D ec. 31, ’01. $2,500 1,330,446 7,030,402 268,125 103,500 13,580 1,809,449 70,124 T o t a l........................................ $17,353,759 $20,8 5 0 ,6 2 4 $10,628,126 L iabilities. Capital stock .................................. $ 1 ,000,000 $ 1, 000,000 $50 0 ,0 0 0 Surplus fu n d .................................. 3 ,000,000 2,250,000 500,000 U ndivided p rofits.............................. 144,670 703,607 548,450 D eposits in t r u s t ........................... 1,312,244 1,480,300 General d ep ’ts, pay. on d em ’d . 1 0 ,4 2 7 ,4 8 4 ) Due trust co m p a n ie s....................... 891,873 >15,400,883 9,069,419 D ue banks and b a n k ers........... 5 4 0 .6 5 7 ) O ther lia b ilitie s.................................. 36,831 15,834 10,257 T o ta l......................................... $17,353,759 $20,8 5 0 ,6 2 4 $10,628,126 Supplem entary. T ot.am ’t o f profits during year. $770,162 *$356,675 $592,426 Int. credited d ep ’ s sam e p er’d.. 334,071 *157,746 212,114 E xp . o f institution, sam e per’d. 79,414 *39,856 68,652 A m t.d iv id ’ds d e c l’d, sam e per’ d 60,<>oo *30,000 37,500 A m t.o f d ep .o n w h io h in t.is a il’d 12,266,384 14,770,584 7,811,762 Rate o f in terest.............................1 to 3 ^ p. c. 1 to 3*8 p. o. 1 to 3*2 p. 0. Eastern Trust Company (New York). R esources. , . Dec. 31. ’02. Stock in vestm en ts (m arket v a lu e ).............................................. $1,003,131 A m ou n t lo a n e d on co lla te r a ls ....................................................... 1,833,176 C ash on h a n d ...................................................................................... 146,178 Cash on d e p o s it.................................................................................. 354,392 O th e r a s s e ts .......................................................................................... 44,321 T o t a l........................................... $ 55,425,268 $62,8 9 8 ,4 5 0 $60,4 0 2 ,0 3 6 L iabilities. C apital stock ................................... $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 T o ta l................................................................................................ Surplus fu n d .................................. ............. ............. 12,351,148 L iabilities. U n d ivid ed p rofits.......................... 13,176,887 12,803,722 ........ Capital s to c k ............................................._ ...................................... D ep osits in tru st........................... 3,224,440 3,510,278 3,730,351 Surplus fu n d ................................................... G en eral d ep’ts, pay. on dem ’ d . 36,462,2161 U ndivided p ro fits......... ..................................... D u e tru st c o m p a n ie s ................. 1 ,0 6 0 .6 2 8 ! a = i o o q . o aoq« q q i« D ue savin gs ban k s .................... 64,130 f « , i 2 d , 8 4 d 4 2 ,9 6 9 ,9 1 6 D eposits in tr u s t............................. G eneral d ep osits p a y a b le on d e m a n d ....................................... D u e ban k s and b a n k e rs........... 50,775 J O ther lia b ilities.............................. 388,192 4 60,607 350,621 D u e trust c o m p a n ie s ................... Other lia b ilitie s.......................................................................... T o t a l........................................... $55,425,268 $ 6 2 ,3 9 8 ,4 5 0 $ 60,402,036 T o ta l................................................................................................ Supplem entary. T ota l a m 't profits du rin g year. $3,392,748 *$1,649,204 $3,19 3 ,1 3 0 S upplem entary. In t. cred ited d ep ’ s sam e p er’d . 1,199,310 *599,919 1,152,667 E xp . o f in stitu t’n. sam e p e r’ d . 24 4 ,2 0 0 *118,733 2 08,536 T ota l am ount o f profits d u rin g th e y e a r .................................... A m ’ t o f divs. d e cl’d, sam e p e r’d. 6 00,000 *300,000 6 00,000 In terest cred ited depositors d u rin g sam e p e r i o d .................. E xp en ses o f in stitu tion du rin g sam e p e r io d ......... ................ A m t.of dep. on w h ich in t.is a il'd 3 6 ,7 4 9 ,6 7 3 4 0 ,3 1 4 ,1 5 4 40,845,227 R ate o f in terest........................... 1 to 3 p. o. (N ot stated) 1 to 3 p. c. A m ou n t o f d ep osits on w hioh in te rest is a llo w e d .................. R a te o f in te re st.................................................................................. 2 City Trust Company (New York). Dee. 31, ’02. J un e 30, ’02. D ec. 31, ’01. $ ’’ 54,882 $ 6 3 4 ,0 2 7 $ 6 2 8,677 2 ,3 2 5 ,7 8 4 2 ,883,272 2,547,297 11,025,262 14,471,472 12,094,616 141,415 1 71,246 345,377 51,816 28,671 36,626 2,104.101 2 ,9 8 2 ,1 7 4 2,679,819 87,191 88,176 08,181 T o t a l......................................... $16,490,451 $21,2 5 9 ,0 3 8 $19,0 0 0 ,5 9 3 L iabilities. C apital s to c k ................................. $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 1,000,000 1 ,0 0 0 ,0 0 0 1,000,000 U n d ivid ed profits......................... 666,7 i 8 5 44,730 4 85,270 D eposits in tru st...................... — 8 46,713 602,773 442,845 G en ’ l d ep osits p a y ’ble on dem . 12,082 8661 D u e tru st c o m p a n ie s ................ 320,124 i , 7 , - R- R 7 9 . D u e savin gs b a n k s ..................... 90,610 f 17,502,251 15,b o b ,724 D u e banks and b a n x e rs ........... 1 84,706 J O ther lia b ilifie s................... 2 9 »,7 1 4 5 5 9 ,2 8 4 4 15,754 T o ta l......................................... $ 16,490,451 $21,2 5 9 ,0 3 8 Supplem entary. T otal am ’ t profits du rin g y ea r $ 8 2 4 ,7 8 1 *$379,048 In t. cred ited d ep ’ s sam e p e r’d. 398.852 *201,982 E x p . o f in stitu tion sam e per’ d. 1 0 2 ,!2 7 *51,732 A m t. o f divs. d ecl’d same per’d. 8 0 ,0 0 0 * 4 0 ,0 0 0 A m t.of d ep.on w h ich int.is a il’d 12,606,248 1 7 ,7 5 9 ,3 2 0 R ate o f in terest........................... 2 to 4 p .o . 2 to 3*3 p. o. $ 19,000,593 $041,746 290,211 80,603 ............. 15,591,613 2 to 4 p. o. Colonial Trust Company (New York). R esources. Dec. 31, ’02. JuneZO, ’02. Dec. 31, ’01. B ond s and m o rtg a g e s ................ $1 9 ,7 0 0 $1 8 ,0 0 0 $ 18,250 S tock in vestm ents (m’ k’t v a l.) 2 ,3 :0 ,1 2 2 2 ,2 1 1 ,3 3 7 2,508,449 A m ou n t loan ed on c o lla te ra ls . 12,027,232 15,595,298 14,306,086 A m ’t loa n ed on p ers’l secu rit’ s 2,182,256 1,950,459 655,008 R eal estate (estim ated v a lu e).. 133,017 133,017 133,017 Cash on hand................................ 114,585 95,379 71,432 Cash on d ep osit........................... 3,678,321 3 ,583,471 3 ,201,085 O th e ra s se ts ................................... 103,869 154,510 151,491 T o ta l..........................................$21,169,102 $23,7 4 1 ,4 7 1 L ia bilities. C apital s to c k ................................. $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 Surplus fu n d ................................ 5 00,000 5 0 0 ,0 0 0 U n divided p ro fits........................ 879,738 8 07,106 D eposits iD tru st.......................... 90,943 117,355 G eneral d ep osits p ay. on dem. 15,661,9581 D u e tru st c o m p a n ie s ................ 1,582,003 I D u e savin gs b a n k s...................... 6 85,266 f 2 1 ’ l d 9 ’ 022 D ue ban k s and b a n k e rs........... 648,420 J O ther lia b ilitie s ........................... ISO,774 177,988 $21,044,818 $1,00 0 ,0 0 0 500,000 718,423 94,439 . a RA(I „ „ „ 18,604,333 127,623 T o t a l......................................... $ 21,169,102 $ 23,741,471 $ 21,044,818 S upplem en tary. T o t.a m ’ t o f p rofits d u rin g y e a r $ 1 ,0 0 6 ,3 5 4 *$478,804 $ 1 ,0 9 0 ,9 0 0 In t. cred ited d ep ’ s, sam e p e r ’d 55 2 ,9 8 2 *230,509 565,459 E x p . o f in stitu t’n, sam e p e r’d . 142.360 *67,860 140,837 A m t. o f d iv s.d eol’d sam e per’ d . 100,000 *50,000 100,000 A m ’to fd e p .o n w h io h in t.ls a il’d 17,480,812 ‘ 20,791,767 17,130,076 R ate o f in terest........................... 2 to 4 p. o. 2 to 4 p. o. 2 to 4%. * For the six months only, Jan. 1 to June 30. $1,000,000 950,000 21,234 12,588 1,276,571 96,113 24,692 $3,381,198 $39,455 1,463 35,912 1,377,553 to 3*2 p. o Empire State Trust Company (New York). J iC S O U VC68. B on d s and m o rtg a g e s................ 8 tock in v e st’s (m arket v a lu e ).. A m ou n t loaned on colla te ra ls . Ain’t loan ed on p ers’l secu rit’ s. Cash on h a n d ................................ Cash on d ep osit............................. O th era ssets.................................... $3,381,198 R esources. B onds and m o r t g a g e s ............................... S took in vestm enis (m arket v a lu e )........ A m ou n t loa n ed on co lla te r a ls ................ A m ou n t loa n ed on p erson a l secu rities Cash on h a n d ................................................ Cash on d e p o sit........................................... Other a sse ts................................................. Dec. 31, ’ 02. ......................... $15,153 ......................... 755,601 ......................... 858,113 ......................... 274,510 ................................................. 9,3 ......................... 182,430 ......................... 42,875 T o ta l................................................................................................ $2,138,043 L iabilities. C apital s t o c k ....................................................................................... Surplus fu n d ........................................................................................ U ndivided p rofits............................................................................... General deposits p a y a b le on d e m a n d ........................................ D ue banks and b a n k e r s ......... ........................................................ O ther lia b ilities........................................ $500,000 500,000 12,851 872,830 245^077 7,285 T o ta l................................................................................................ $2,138,043 S upplem entary. T ota l a m ou n t o f profits du rin g the y e a r ........... ........................ In terest oredited d e p ositors du rin g sam e p e r io d .................... E xp en ses o f in stitu tion du rin g sam e p e r io d ........................... A m ou nt o f d ividen ds d ecla red sam e p e r io d ............................. A m ou n t o f dep osits on w hich in terest is a llo w e d .................. R a te o f i n t e r e s t ................................................................................ $40,695 10,393 20,161 N one 982 934 2 to 4 p. c. Equitable (formerly American Deposit & Loan Co.) (N Y.) R esources. Dee. 31, ’02. J un e 30, ’02. B onds and m o rtg a g e s................ $ 403,250 $403,250 8tock investm’ts(market value) 1,004,880 753,593 Amount loaned on collaterals. 12,858,413 5,745,862 Amt.loaned on pers’l securities 87,302 110,662 Cash on hand. ............................. 3 *,092 2,004 Cash on d e p o s it .,........................ 974,175 585,946 Other a sse ts................................. 112,310 56,417 T o ta l.........................................$15,422,419 Capital s t o c k ................................ Surplus fu n d ................................ U ndivided profits ...................... D ep osits in tr u s t............... G en ’l d ep ’its, p a y ’le o n dem ’nd D ue trust c o m p a n ie s................ Other lia b ilitie s ........................ L iabilities. $ 1 ,0 0 0 ,0 0 0 500,000 119,485 4 0 7 ,3 4 7 ) 10,907,683 ) 2,300,000 ) 187,904 T o ta l........................................ .$ 1 5 ,4 2 2 ,4 1 9 Supplem entary. T ot. am t o f profits du rin g year. $ 457,804 Int. credited d ep’rs sam e p e r’d. 194.519 E xp. o f in stitu tion, sam e per’d. 67,956 Am t. o f divs. d eol’d, sam e p e r’d 60,000 A m t.o f dep.on w h ’h int. is ail’ d . 13,208.030 R ate o f in terest.............................H a to 3 p. o. Dec. 31, ’01. $451,000 970,093 3,458,237 122,576 22,423 224,548 29,993 $7,657,734 $ 5,278,870 $ 1, 000,000 $500,000 500,000 8,894 242,654 6,024,987 4,464,540 123,853 71,676 $7,6 5 7 ,7 3 4 $5,278,870 *$160,611 *76,065 *38,306 *30 000 6,001,422 lt flt o 3 p.o. $247,007 118,933 38,935 30,000 4,464,540 1 ^ to 4% For the six months only, Jan. 1 to June 30. t For year. THE F ebruary 7, 1903.J CHRONICLE Farmers’ Loan & Trust Co. (New York). Resources. Dec. 31, ’02. J u n e 30, ’ 02. $ 1 ,1 1 5 ,5 0 0 B onds and m ortg a g es................ $ 1 ,6 3 6 ,0 0 0 18,683,411 Stock invest, (m arket v a lu e )... 14,453,277 3 7 ,9 1 8 ,6 8 7 A m ount loaned on collaterals . 32,151,521 1,016,983 R eal estate (estim ated v a lu e ).. 1,016,746 4,219 Cask on h a n d ........................ 3,8 5 0 6 ,8 2 9 ,3 0 6 Cash on d ep osit............................ 3 ,6 2 9 ,1 9 7 1,119,297 Other assets.................................. 9 40,227 .$ 5 3 ,8 3 0 ,8 1 8 Liabilities. Total, C apital s to c k .................... Surplus fu n d .................... U n divided p r o fits .......... D eposits In tru st........... . D u e tru st com p a n ies ... D u e savin gs b a n k s ----D ue banks and bankers O ther liabilities.............. . $ 1,000,000 7 ,0 0 7 ,4 8 0 41,29 4 ,8 9 8 2,056,471 2,111,656 1 33,780 226,533 Guaranty Trust Company (New York). Dec. 3 1 ,’01. $310,000 12,233,962 40,581,553 1,014,061 2,883 6,845,442 1,199,777 $66,6 8 7 ,4 6 3 $62,1 8 7 ,6 7 8 $ 1, 000,000 $1,000,000 6,606,545 6 ,813,762 1 ( f 58,587,632 J 2 86,069 54,316,897 264,236 $66,6 8 7 ,4 6 3 Total, $ 5 3 ,8 3 0 ,8 1 8 $62,1 8 7 ,0 7 8 S upplem entary. T o t.a m ’t o f profits du rin g year. $3,034,193 *$1,480,736 $2,410,403 In t. cred ited d ep ’ s, sam e p er’d. 1,484,985 *777,577 1,288,193 189,429 E x p . o f in stitu tion , sam e p er’ d. '9 5 ,0 1 3 178,500 4 00,000 A m t. o f d lv s.d e cl’ d. sam e p e r’d. 3 50,000 * 200,000 A m t.ofd ep .,on w h ich in t.isa ll’d 4 2 ,2 8 6 ,5 1 0 54,999,441 50,66 4 ,2 7 4 1 to 3 p. 0. 1 to 3 p. o. R a te o f in te re st........................... 1 to 4 p. c. Fifth Avenue Trust Company (New York). R esources. Dec. 31, ’ 02, J u n e 3 0 ,’ 02. B on d s and m o rtg a g e s ............... $ 1 4 0 ,0 0 0 $ 4 3 5 ,0 0 0 S tock in vestm ts. (m arket v a l.) 3,82rt,894 4,250,898 10,137,405 A m ou n t loan ed on colla tera ls . 9 ,580,530 A m t.loa n ed on p e rs’l seou rit’ s. 143,050 241,563 75,088 Cash on hand................................ 97 ,7 7 0 1,004,209 1,340,763 Cash on d e p o sit..................... 143,606 O ther assets.................................... 173,186 Dee. 3 1 ,’01. $ 1 4 8 ,0 0 0 3,226,003 9,221,483 1 52,199 92,471 1,045,302 115,538 T o ta l..............................$ 1 5 ,5 9 7 ,1 9 3 $ 1 5 ,9 9 2 ,7 7 1 $14,0 0 0 ,9 9 6 L ia b ilities. C apital sto ck ..................... $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 $1,00 0 ,0 0 0 Surplus fu n d ..................... 1 ,0 0 0 ,0 0 0 1 ,000,000 1,000,000 U n d ivid ed p ro fits........... 2 8 7 ,4 3 6 2 06,308 91,663 D ep osits in t r u s t ......................... 1 9 ,5 7 7 ) G en ’l dep’ lts p a y ’le o n dem ’ nd. 13,15 3 ,3 1 4 > 13,786,463 11,909,333 D u e savin gs b a n k s........ 96 ,2 9 7 ) Other lia b ilitie s ........................... 40 ,5 6 9 ............. ........... T otal $ 1 5 ,5 9 7 ,1 9 3 $ 1 5 ,9 9 2 ,7 7 1 S upplem en tary. $ 7 6 4 ,6 2 9 T o t.a m t.of p rofits du rin g year. *$366,336 In t. oredited dep ’ rs, sam e p er’ d 290,578 *133,510 E x p . o f in stitu tion ,sa m e p er’d 74,216 *36,181 A m t. o f dlvs.ldecl’d sam e per’ d. 170,000 *60,000 A in ’ t o f dep. on wh. Int. Is ail’ d. 13,031,189 13,666,463 R a te o f in terest............................. 2 to 3 p. o. 2 to 3 p.o. $14,0 0 0 ,9 9 6 $606,735 214,089 68,542 100,000 11,789,333 l^a to 3 p . o. Flathush Trust Company (Brooklyn). R esources. D ec. 3 1 , ’02. J un e 30, ’02. B onds and m ortg a g es................ $ 3 0 9 ,0 5 0 $ 3 1 9 ,6 0 0 S tock in v ’stm ’ ts(m arket v a lu e) 178,300 3 20,826 A m ou n t loa n ed on colla tera ls. 828,785 6 1 2 ,9 4 0 A m t.loan ed on pers’ l secu rities 60,470 49 ,3 7 2 R eal estate (estim ated v a lu e ). 7,821 7,821 Cash on h and................................ 33,254 28,482 Cash on d e p o s it ........................... 1 29,150 118,951 Other assets................................... 20,221 16,215 Dee. 3 1 ,’ 01. $ 3 36,800 320,826 550,195 4 2,974 32,513 109,838 13,980 T o t a l......................................... $ 1 ,567,051 $1,47 4 ,2 0 7 L ia b ilities. C apital s to ck ................................. $ 2 0 0 ,0 0 0 200,000 Surplus fu n d ................................. 100,000 100,000 U ndivided profits............... 45,528 31,178 G en’l d ep osits pa y a b le on dem. 1,060,123 > 1,131,765 D ue sav in gs b a n k s...................... 150,000 C Other lia b ilities............................ 11,400 11,264 $1,407,120 T o ta l......................................... $1,567,051 S u p p lem en ta ry. T ot.am t. o f profits du rin g y ea r. $ 6 8 ,3 4 6 In t. cred ited d ep os sam e p e r ’d 23,661 E xp . o f in stitu tion sam e p e r’d. 17,929 A m t. o f divs. d eol’d, sam e p er’d 11,000 A m t. o f dep. on w h. int. is a il’d. 1,210,123 R ate o f in terest........................... 2 to 4 p. o. $ 1 ,4 7 4 ,2 0 7 $1,40 7 ,1 2 6 *$31,946 *11,301 *9,279 *5,000 1,131 ,7 6 5 2 to 3 p. 0. $ 67,227 20,902 14,125 5,000 1,066,836 2 to 3 p. 0. $ $200,000 100,000 27,029 1,066,836 13,261 Franklin Trust Company (Brooklyn). Resources. D ec. 31, ’02. J u n e 30, ’02. $ 5 18,100 Bonds and m o rtg a g e s................ $ 4 8 0,350 Stook in v est’s (m arket v a lu e ).. 4,881,308 4 ,505,576 A m ount loaned on colla tera ls . 2 ,293,954 3,070,971 A m ’ tloa n ed on p ers’l secu rities 1,239,847 1,156.462 Real estate (estim ated v a lu e ).. 450,000 4 5 0 ,0 0 0 Cash on h a n d ................................ 76,104 101,220 Cash on d op osit............................. 1,119,726 844,973 Other assets.................................... 97,492 5 2,910 T otal $10,676,531 L iabilities. Capital s to ck ................................ $ 1 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 1,000,000 U ndivided p rofits....................... 514.394 D eposits in t r u s t ......................... 289,484 General deposits, pay. on dem . 6,661,308 Due savin gs b a n k s...................... 1,102,586 Other liabilities............................ 108,759 Dec. 3 1 ,’ 01. $ 5 0 0,200 4,331,061 2,852,535 7 58,295 450,000 107,740 975,270 71,013 $10,6 6 2 ,4 6 2 $ 10,046,114 $ 1,000,000 $ 1,000,000 2 50,000 1,084,324 275,310 7,329,368 107,112 250,000 1,118,698 212,182 7,914 ,0 8 5 167,497 T o ta l................ ........................ $ 10,676,531 $ 1 0 ,6 6 2 ,4 0 2 Supplem entary. T ot.am ’ t.o f profits during year. $ 6 0 8,470 *$293,219 Int. credited dep’s, sam e p e r’d. 2 09,316 *90,773 E xp. o f in stitu tion, sam e p er’ d. 79,207 *40,007 A m t. o f d iv s.d ccl’d.sam e per’d. 1 20,000 *60,000 A m t.of dep.on w liioh in t.is ail’ d 7 ,943,797 8,054,584 R ate o f in terest........................... 2 to 4 p. o. 2 to 4 p. o. * For the six months only. Jan. 1 to June 30. 307 $ 10,046,114 $700,987 175,829 125,889 115,000 7.503,185 2 to 4 p. o. Resources. Dec. 3 1 ,'0 2 . J u n e 30, ’02. B on d s and m ortga g es ............... $ 2 8 ,0 0 0 $69,000 S tock in v est’ts (m arket v a lu e ). 11,431,188 12,268,518 A m ount loan ed on c o lla te r a ls .. 17,237,142 24,434,835 A’ m ’ t loaned on pers’ n ’l s e c’ t’ s 1,084,834 457,314 Real estate (estim ated v a lu e ).. 154,128 154,128 Cash on h a n d ................................. 36,278 40,080 5,816,502 Cash on d e p o sit............................. 4 ,7 5 5 ,0 7 0 Due from b a n k s ........................... 2 ,6 6 2 ,5 3 2 ) 2,682,300 O ther a sse ts................................ 1 5 8 ,2 7 3 ) T otal Dec. 31, '01. 12.328,578 17,240,513 445,288 153,891 40,723 4,470,840 4,715,227 $ 37,547,445 $45,928,677 L iabilities. C apital s to c k .................................. $ 2 ,0 0 0 ,0 0 0 $2,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 4,5 0 0 ,0 0 0 600,820 U ndivided p ro fits......................... 369,398 D eposits in tru st........................... 1 ,080,100 1,959,667 General deposits, pay. on d em . 26,260,0061 Due tru st c o m p a n ie s ____ ____ 1 ,118,286 ( D ue sa v in g s b a n k s...................... 2 77,233 f 36,538,647 D u e banks and b a n k e r s ........... 5 7 1 ,4 7 6 J 329,543 C>ther lia b ilities............................. 870,946 $ 39,395,060 T o t a l......................................... $ 3 7 ,5 4 7 ,4 4 5 $45,9 2 8 ,6 7 7 Supplem entary. Tot. am ’t o f profits during year. $2,290,931 *$1,153,104 *469,403 Int. cred ited d e p ’ s, sam e per’d. 961,148 E xp. o f institution, sam e p e r’d. 3 12,731 *138,481 A m ’t o f divs. deol’d sam e p er’ d . 3 40,000 *160,000 Ain’ to fd e p .o n w h ich in t.isa il’d 2 7 ,3 5 3 ,1 7 9 36,557,990 R ate o f in te re st......................... 1 ^ to 4 ^ p. o. l*fl to 4 p. c. $39,395,060 $2,000,000 4,500,000 258,601 2,142,563 28,979,768 1,514,128 $1,935,234 763,963 216,988 320,000 29,109,140 l 1s t o 4 p . o . Guardian Trust Company (New York). R esources. Dee. 31, ’02. $318,000 262,435 1,590,710 54,150 137,141 967 ,8 9 4 140,470 16,533 B onds and m o r t g a g e s ............................. . S tock investm ents (m arket v a lu e )....... A m o u n t loan ed on c o lla te r a ls ................ A m ou n t loa n ed o n p e rso n a l secu rities Cash o n h a n d ............................. ................ Cash on d e p o sit........................................... D u e from b a n k s........................................... Other a sse ts................................................... T o ta l................................................................................................. $3,487,333 L iabilities. C apital s to c k ........................................................................................ $1,000,000 Surplus fu n d ........................................................................................ 1,000,000 U n d iv id ed p r o fits............................................................................... 19,653 G eneral deposits p a y a b le on d e m a n d .......................................... 1,303,443 D ue tru st c o m p a n ie s ........................ 123,708 D u e savings b a n k s ............................................................................ 25,268 D u e banks and b a n k e r s ............................ 15,261 T o ta l................................................................................................. $3,487,333 S u p plem en tary. T o ta l a m ou n ts o f p rofit d u rin g the y e a r .................................... $5 5 ,8 5 1 8,643 In te re st cre d ite d d e p o sito rs d u rin g sam e p e r io d .................. E xp en ses o f in stitu tion sam e p e r i o d .......................................... 27,555 A m ou n t o f d ep osits on w h ich in terest is a llo w e d .................. 1,423,273 R ate o f in te r e st...................................................................................2 to 3*3 p. c. Hamilton Trust Company (Brooklyn). R esources. Dec. 31, ’02 B onds and m o rtg a g e s................ $ 6 04,725 S tock in v e st’ s (m arket v a lu e ).. 1 ,378,482 A m ount loan ed on co lla te ra ls. 4,566.548 A m ’t loan ed on pers’l se cu rit’s. 197,375 Real estate (estim ated v a lu e ).. 31 ,4 9 6 Cash on h a n d ................................ 48,902 Cash on d e p o s it ........................... 620,842 O ther a sse ts.................................. 174,558 T o ta l.......................................... $7,62 2 ,9 2 8 L ia b ilities. Capital s to c k ................................. $ 5 0 0 ,0 0 0 Surplus fu n d .................................. 500,000 U ndivided p r o f i t s ..................... 4 25,430 D eposits in t r u s t ......................... 116,940 G eneral deposits, pay. on d e m . 5 ,1 9 6 ,3 0 0 Due sa vin gs b a n k s ...................... 816.481 O ther lia b ilitie s ........................... 6 7,777 T ota l $7,62 2 ,9 2 3 Supplem entary. T ot.a m ’ t o f profits du rin g year. $ 3 9 5 ,1 5 2 Int. cred ited d e p ’s, sam e p er’ d. 152,418 E xp. o f in stitu t’ n, same p er’d . 55,080 A m ’t o f divs. d e cl’ d.sam e p e r’d. 4 0 ,0 0 0 A m ’t o f dep. on w h ich int. is ail’ d 6 ,004,721 R a te o f in te re st............................ 2 to 4 p . o. J u n e 30, ’02. $621,775 1,371,735 4,568,102 298,703 31,237 569,207 200,722 Dec. 3 1 ,’01. $639,674 1,364,446 4,165,379 157,799 40,530 40,402 598,648 203,105 $7,661,481 $ 7,209,983 $50 0 ,0 0 0 500,000 373,932 96,644 6,094,236 98,669 $500,000 500,000 340,015 151,580 5,617,205 101,183 $7,661,481 $7,2 0 9 ,9 8 3 *$210,090 *68,891 *27,201 $28 9 ,2 0 4 124,421 66,632 40 ,0 0 0 5.70 2 ,8 1 7 2 to 4 p. o. * 20,000 6,090,700 2 to 4 p .e . Holland Trust Company (New York). Resources. D ec. 31, ’ 02. J u n e 30, ’02. B onds and m o r tg a g e s ................ $ 5 ,8 6 7 $11,734 S tock in v estm ’ ts m ark et v a lu e 4 8 0 ,5 0 0 611,016 A m ou nt loan ed on c o lla te ra ls. 9 5,707 111,167 Real estate (estim ated v a lu e ). 1 5 5 ,5 3 0 228,675 Cash on h a n d ............. 326 248 Cash on d e p o sit............................ 15,100 9,532 O ther a sse ts................................... d e f.2 5 0 ,7 1 2 37,101 T o ta l......................................... D ec. 31, ’01$11,734 623,366 93,392 228,675 38 18,328 46,356 $1,003,742 L ia b ilities. Capital stook ................................. $ 5 0 0 ,0 0 0 8urplus fu n d ................................. ............. Deposits in tr u s t......................... 41,531 G en’l dep. payable on dem an d 133,329 Other lia b ilitie s............................ 3 23,882 $1,009,473 $1,021,939 $500,000 21,745 36,046 123,906 327,776 $500,000 39.217 41,672 115,369 325,683 T o ta l......................................... $ 1 ,0 0 3 ,7 4 2 Supplem entary. T ot.a m t.of profits du rin g year. $ 46,633 Int. credited dep’ s, sam e Der’ d 3,718 E xpens, o f in stit’ n. sam e per’ d 34,445 A m t. o f dep. on wh. int. a llo w ’d 9 9,591 R ate o f in te re st........................... 2 to 3 p. c. $1,009,473 $1,021,939 *$9,588 *1,899 *16,368 98,800 2 to 3 p. c. $46,000 4,218 44,522 97,144 * For the six months only, Jan. 1 to June 30. 30S THE CHRONICLE [V o l . LXXVI, Kiugs County Trust Company (Brooklyn). McYickar Realty Trust Company (New York) Resources. Dec. 31, ’02. J u n e 30, ’02. Dec. 31, ’01. $264,283 $299,983 B onds and m ortg a g es................ $394 ,9 *3 552,151 45 9 ,7 1 4 Stock in v est’ s (m arket v a lu e ). 5 65,514 7 ,522,514 8,181,853 A m ou n t loaned on colla te ra ls . 7 ,716,057 578,191 704,378 A m ’ c loan ed on p e rs’l secu rit’s 7 5 3 ,0 7 5 2 32,077 241,6 i9 B eal estate (estim ated v a lu e ).. 233,415 90,557 73,397 Cask on hand ............................. 66,507 645,865 506,036 Cash on d ep osit............................ 5 96,322 82,270 62,558 O ther assets.................................. 94,101 Resources. T o ta l......................................... $ 1 0 ,4 1 9 ,9 7 4 $ 10,529,578 Liabilities. $500,000 C apital s to ck .................................. $ 5 0 0 ,0 0 0 1, 000,000 Surplus fu n d .................................. 1,000,000 166,210 U n d ivid ed profits......................... 2 21.940 356,266 314,617 D eposits in tru st......................... Q en ’ l d ep osits, p ay. on dem and 6 ,7 9 9 ,5 8 0 ) 8,321,533 D a e savin gs h a n k s..................... 1,401 ,9 0 0 J 185,569 O ther lia b ilities........................... 181,937 $9,967,908 T o ta l.......................................... $ 10,419,974 $10,5 2 9 ,5 7 8 Supplem entary. *$244,751 T otal ain't profits du rin g r e a r . $ 497,66 7 *105,876 In t. cred d ep ’ s same p e r io d ... 2 2 2 ,1 9 4 *41,379 E xp . o f in stitu t’n sam e p eriod . 9 5 ,6 0 0 *25,000 A in ’t o f divs. d ecl’ d sam e p e r’d 50,000 8,276,533 Ain’ t o f dep.on w hich in t.isa ll’d 8,173,855 2 to 4 p. o. R ate o f interest ........................ 2 to 4 p. o. $9,967,908 $ 5 00,000 1,000,000 126,707 213,585 8,064,657 62,959 $407,881 192,488 92,148 5 0,000 7,895,918 2 to 4 p. o. Resources. Dec. 31, ’ 02. J u n e 30, ’02. Dee. 31, ’01. $ *2 2 ,0 2 5 $952,691 $1,057,717 B on d s and m ortg a g es................ Stock in v est'ts (m arket v a lu e ). 2, *20,600 3,018 ,8 7 4 2 ,3 *9 ,6 9 0 A m ou nt loan ed on colla tera ls . 27,634,273 27,33 8 ,7 9 0 20,639,704 A in 't loan ed on p ers’l secu rit’ s. 4 8 1 ,2 0 0 6 33,753 673,070 R ea l e sta te .................................... 682,535 6 4 9 ,1 5 4 650,013 Cash on hand ........................... 3 0 0 ,1 2 7 210,981 192,815 Cash on d e p o s it............................ 4 ,1 3 9 ,3 0 4 4 ,1 5 2 ,1 4 6 3,447 ,0 8 6 O ther a s s e t s .................................. 410,984 2 77,599 268,726 .$ 3 6 ,8 9 1 ,0 1 8 $37,2 3 3 ,9 9 1 Liabilities. $ 1 ,000,000 C apital s to c k ................................. $ 1,0 00,000 1,686,749 U ndivided p rofits........................ 1,965,435 5,316,046 D eposits in trust ........................ 7 ,030,370 G en ’ l deposits, pay. on dem and 23,931,9401 1,353,346 I D ue tru st c o m p a n ie s ................ 28,93 7 ,0 2 6 4 9 8 ,0 8 8 | Due sa v in g s ban k s .................. 7 2 9 ,4 2 0 , D u e ban k s and b a n k e r s ........... 2 94,170 3 s 2,4 49 O ther lia b ilit ie s ........................... Dee. 31, ’02. J un e 30, ’ 02. $127,140 $54,0 JO 832,697 642,727 857,890 165,951 15,786 17,070 17,938 13.203 401,925 690,022 31,238 12,105 T o t a l..................................................................... $2,284,614 L ia bilities. C apital s to c k ............................................................. $500,000 Surplus fu n d ........................................................... 50 0 ,0 0 0 U ndivided p r o fit s ................................................... 41,610 ...... D eposits in t r u s t ..................................................... G en eral deposits p a y a b le on d e m a n d ........... . 1,207,543 Other lia b ilit ie s ...................................................... 35,461 $1,595,078 T o t a l .................................................................... $2,284,614 S upplem en tary. T ota l am ount o f profits during the y e a r ___ _ $123,083 Int. credited depositors d u rin g sam e p eriod .. 131,926 E xpen ses o f in stitu tion during sam e p e rio d .. 75,111 A m ou nt o f d ep osits on w h ich int. is a llo w e d . 791,253 R ate o f interest....................................................... 2 to 3 ‘a p. c. $1,595,078 $500,000 5,396 500 1,070,939 18,243 t$26,068 tl,3 1 0 tl9 ,3 6 2 445,996 2 to 3 p. o. t M ay 6 to J u ly 1. Manhattan Trust Company (New York). Knickerbocker Trust Company (New York). T o ta l. B onds and m o r t g a g e s ........................................... S tock in vestm ents (m arket value) A m ou nt loa n ed on c o lla t e r a ls .............. A m ou nt loa n ed on p erson al securities Cash on h a n d .............................................. Cash on d ep osit ......................................... O ther assets ................................................ $29,318,821 $ 1,0 00,000 l,5 t 8,399 4,628,884 2 1 ,911,366 270,172 T o ta l......................................... $36,891,048 $37,2 3 3 ,9 9 1 $29,3 1 8 ,8 2 1 Supplem entary. *$784,698 $1,303,185 T ota l am ’ t profits during y e a r . $ 1,864,792 824,941 594,581 *367,226 In t. cred ited d ep ’ s sam e per’d. 203,751 * 10 <,8«0 2 39,667 E x p . o f in stitu t’n sam e p e r ’d .. *35,000 70,000 70,000 A m ’ t o f divs. d ecl’ d, same p er’d 22,555,238 29,771,475 A in ’ t o f d e p .o n w h ich in t.is ail’ d 28,745,083 1 to 4 p. o. R ate o f in te r e s t........................... l*a to 4*2 p. o. 1 to 4 p.o. Liucoln Trust Company (New lork). R esources. Dec. 31, ’ 02. S tock in vestm en ts (m arket v a lu e )............................................... $1,031,725 A m ou n t loaned on co lla te ra ls .................................................... 1,866,500 A m o u n t loan ed on p erso n a l s e c u r it ie s ...................................... 54,393 D u e from b a n k s.................................................................................. 21,099 Cash on hand .................................................................................... 2 6 4 ,1 6 0 Cash on d e p o s it ............................................................................ 366,881 O ther assets......................................................................................... 75,862 Dec. 31, ’ 02. B onds and m o rtg a g e s................ $ 9 ,5 0 0 Stock in v est’ts (m arket valu e). 3 ,948,069 A m ou nt loan ed on co lla te ra ls. 8 ,058,474 500 Cash on h a n d ................................ Cash on d e p o sit............................ 4 ,6 9 9,793 O ther a ssets.................................. 3 59,903 J un e 30. ’ 02. Dec. 3 1 , ’ 01. $9,500 $9,500 3,776,603 3,685,037 6,568,331 7,691,425 500 500 3,656,012 3,442,551 318,916 363,125 T o ta l......................................... $ 1 7 ,0 7 6,244 $14,329,862 $15,192,13 8 L iabilities. Capital s to c k ................................ $ 1 ,0 0 0 ,0 0 0 $1,00.0,000 $ 1,000,000 Surplus fu n d .................................. 1,000,000 1,000,000 1,000,000 U ndivided profits......................... 737,019 1,092,542 9 )9 ,1 1 5 D eposits in t r u s t ......................... 1,069,457 506,837 826,287 Gen. deposits, payable on dem . 10,82*,4831 Due tr u -tc o m p a n ie s ................ 1 ,8 9 6 ,4 3 3 ! 11,602,832 Due savin gs b a n k s ...................... 85,416 f D u e banks and b a n k ers............ 79,410 j 38,192 Other liabilities. 24,503 26,000 T o ta l..........................................$1 7 ,0 7 6 ,2 4 4 $14,329,862 Supplem entary. Toharn’ t o f profits during year. $839,586 *$442,641 Tnt. cred ited d ep ’ s, sam e per'd. 251,099 *127,835 E x p .o f institution, same per'd. 134,607 *65,270 A m ’t o f d iv s.d e cl’d,sam e per’d 80,000 *30,000 Am ’t of dep.on w h ich in t is a ll’d 11,851,058 10,5 2 1 .0 1 6 Rate o f in terest............................ 1 to 4 p. c. 1 to 4 p. o. $15,192,138 $800,280 191,318 128,853 60,000 11,508,219 1 to 4 p . c. Manufacturers’ Trust Company (Brooklyn). R esources. D ec. 31. ’02. J u n e 30, ’ 02. Bonds and m ortga g es................. $ 4 5 3,539 $561,400 Stock in vest’ s (m arket v a lu e ).. 1,108,926 1,365,620 5,361,374 A m ount loaned on colla te ra ls. 5,414,395 733,525 Amt. loaned on p^rs'l sec’ ties . 7 03,730 43,019 Cash on hand. ............................. 50,429 Cash on d e p o s it........................... 9 3 2 ,1 4 0 605,288 Other a ssets............. 58,575 92,837 Dee. 31, ’01. $668,935 1,322,388 4,701,485 673,230 44,142 554,552 72,415 $8,037,147 T o ta l................................................................................................ $ 3 ,730,625 L ia b ilities. C apital s t o c k ....................................................................................... $ 5 00,000 Surplus fu n d .................................................... - .............................. 5 00,000 U ndivided p rofits,........................ 23,510 G eneral d ep osits p aya b le on d e m a n d ......................................... 2 ,607,094 D ue savings b a n k s .............. 100,021 T ota l.......................................... $8,719,315 $8,770,473 L iabilities. Capital s to c k ................................ $ 5 0 0,000 $500,000 Surplus fu n d ................................ 50 0,000 500,000 Undivided p rofits........................ 4 5 5 ,8 L6 450,879 D eposits in tru st......................... 36,800 31,941 G en’ l deposits, p a y ’ le on d em . 5 ,6 9 7 ,1 7 0 1 Due tru st c o m p a n ie s ................ 8 1 0.250 > 7,219,826 D u e savin gs b a n k s .................... 5 9 2 ,9 6 5 ) Other liabilities............................. 126,234 64,827 T o ta l................................................................................................ $ 3 ,730,625 S upplem en tary. T o ta l am ount o f p rofits du rin g the y e a r ................................... $44,161 In terest cred ited d ep ositors sam e p eriod ............................. . *,998 E xp en ses o f in stitu tion d u rin g sam e p e r i o d ........................... 3 0 ,2 *6 A m ou n t o f d ep osits on w h ich in terest is a llo w e d .................. 2,696,372 R a te o f in terest ................................................................................ 1 to 4 p. c. T o ta l......................................... $8,71 9,315 Supplem entary. Tot. am ’ t o f profits during year. $ 3 *2,061 Int. credited deps. same per’d . 178,304 E xps. o f institu’n, sam e p er’ d . 60,714 Amt. o f div. d e cl’d, sam e per’d . 75,000 A m t.of dep. on which int. is a il’d 7,182,187 R ate o f in te re st........................... 2 t o 4 p .o . $8,7 7 0 ,4 7 3 $8,037,147 *$181,495 *85,007 *28,915 $356,504 169,862 69,925 50,000 6,604,908 2 to 4 p. o. Long Island Loan & Trust Co. (Brooklyn). Resources. Dec. 3 i , ’02. J u n e 30, ’02. B ond s and m ortgag es................ $ 8 27,275 $ 7 3 7,550 S tock in v est’s (m arket v a lu e ).. 1 ,615 ,“>80 1,671.310 A m ’ t loaned on co lla te ra ls....... 5,874,399 5,562,950 A m ’ t loaned on p ers’l se cu rit’s 3 70,817 266,533 165,000 R ea l estate iestim ated valu e)... 160,(*<'0 Cash on hand .............................. 45,866 67,656 Cash on d e p o sit............................ 5 )3 , 66 629,379 O th er assets.................................. 14a,454 118,812 T ota l. 6,573,607 39,776 20.000 7,254,768 2 to 4 p. c. Mercantile Trust Company (New York). Dec. 31, ’ 01. $ 6 6 8 /9 0 1,642,492 4,212,263 141,250 165,000 33,190 611,362 90,465 . $9,55 7 ,3 5 7 $9,21 9 ,0 7 5 L iabilities. C ap ital s to c k ................................ $1,00 0 ,0 0 0 $ 1,000,000 8 u r p iu s fu n d ................................ 1,000.000 l.oOn.OOO U n d ivid ed profits........................ 417,342 357,609 D ep osits in t r u s t ....................... 231,370 185,515 G en ’ l d ep osits, pay. on dem ’ d. 5,550.371 5 D u e sa v in g s ban k s...................... 1,143,102 6,587,483 D u e ban k and b a n k e rs........... 1 2 5 ,6 0 1 ) O ther lia b ilitie s....... ................... 89,571 88,463 $ 7 ,564,632 T ota l.......................................... $9,55 7 ,3 5 7 Supplem entary. T ota l am ’t profits du rin g y ea r. $373,746 In t. cred. d ep ’ s sam e p e r io d .. 150,265 E x p . o f in sti ut’n sume p e r’d .. 65,527 A m ’ t divs. d eclared sam e per’d 100,000 A m t.o f dep.on w hich in t.is a il’d 7,0" 0,447 R ate o f in te re st........................... 2 to 4 p. c. $9,219,075 $7,564,632 *$161,076 *62,779 *33,865 *50,000 6,77 2.993 2 to 4 p. o. $186,308 76,541 34,954 62,500 5,112,609 2 to 4 p. c For the six months only, Jan. 1 to June 30. * $500,000 500,000 392,463 31,301 $ 1,000,000 1 ,000 ,0«'0 337,355 99,503 5,013,305 114,469 Resources. D tc. 3 1 . ’02 J u n e 30, ’ 02. $ 2 0 1,705 $190,355 Bonds and m o rtg a g e s................ 8tock in vest’ s (m arket v a lu e ).. 7 ,3 9 4 ,»0 5 6,56% 605 A m ount loaned on co lla te ra ls. 4 3 ,1 68,577 43,230,169 Am ’ t loaned on p e rs’l secu rit’s 67.128 71,128 Real estate (estim ated v a lu e ).. 30,967 34,567 Cash on h a n d ................................ 15,490 13,258 Cash on d e p o sit............................ 11,168,070 12,567,^74 O ther a s s e ts .................................. 5 69,323 338,310 Dec. 31, ’01. $195,730 5,948,604 45,633,183 52,128 35,345 37,917 12,815,330 318,349 T o t a l..................... $ 62,616,065 $63,016,257 $65,033,589 L iabilities C a p lta lsto ck .................................. $ 2 ,0 0 0,000 $ 2 ,000,000 $ 2,000,000 Surplus fu n d .................................. 5 ,000,000 5.000,000 6 , 000,000 U ndivided p rofits......................... 637,634 327,957 312,896 Deposits in tru st........................... ............. G eneral dep’ ts, pay. on dem ’d .. 47,283,905 D ue tru st com p a n ies................... 3,015,341 55,236,450 56,756,435 D u e savin gs ba n k s...................... 3 ,675,78 i Due banks and b a n k e r s ................................... 421,092 Other liabilities............................. 562,312 451,850 967,258 T o ta l.........................................$62,616,065 $ 63,016,257 Supplem entary. Total am ’ t profits during yea r $ 2 ,6 7 4 ,3 *6 *$1,246,242 Int. cred ited d e p ’s, sam e p e i’d. 1,272,020 *63 3,846 *92,334 Exp. o f iu stitu t’n, sam e p e r'd . 183,326 Ain’t o f d iv s.d ecl’d,sam e per’ d 800,000 *50,000 A m t.ofd ep .on w h ich in t. isa ll’d 48,281,592 51,057,358 Rate o f in te re st.......................... 1 to 4 1* p. o. 1 to 4 p . C. For the six months only, Jan. 1 to J une 30. $65,036,589 $2,839,166 1,319,910 184,503 500,000 52,099,949 1 to 4 p. o THE CHRONICLE F e b r u a r y 7, 1903,] Nassau Trust Company (B rook lyn ). Merchants’ Trust Company (New York). R esource!. Dec. 31, ’02. Jun e 30, ’02. Stock in v’stm ’ ts(m ark et valu e) $ 9 43,629 $1,439,729 A m ou nt loan ed on colla tera ls . 3 ,5 4 9 ,7 9 2 6 ,671,466 Cash on hand. ............................. 117,367 2 88,892 Cash on d e p o s it . . . ...................... 2 ,0 5 4 ,6 4 0 2 ,027,354 Other assets.................................. 42 ,4 4 7 20,113 T ota l......................................... $ 6 ,7 1 2 ,8 7 5 Dec. 31, ’01. $1,314,405 7,909,448 1,352,659 794,658 459,922 $10,4 4 7 ,5 5 4 $11,831,092 $ 5 0 0 ,0 0 0 1,000.000 374,715 $ 5 00,000 1,000,000 260,677 8,548,168 10,057,066 24,671 13,349 $ 1 0 ,4 4 7 ,5 5 4 $ 11,831,092 L ia b ilities. C apital stock ................................. Surplus fund.................................. U ndivided profits.................... G en ’l deposits payable on dem . D u e savin gs b a n k s .................. D ue ban k s and b a n k ers........... O ther lia b ilities............................ $ 5 0 0 ,0 0 0 1 ,0 0 c ,0 0 0 4 55,098 4 ,392,650 ) 126,700 > 1 8 1 .4 6 5 ) 56,962 T ota l......................................... $ 6 ,7 1 2 ,8 7 5 S upplem en tary. T o t.a m t.o f profits during year. $ 6 9 7 ,4 4 5 *$355,575 $487,883 Int. credited depos. sam e per’d 2 13,856 *124,739 171,448 E x p . o f institution, sam e por’ d. 2 8 2 ,9 8 7 *96,727 128,387 A m t. o f dep. on w h ,in t. Is ail’d. 4 ,6 7 5 ,3 9 9 8,523,168 9,926,953 R ate o f in terest............................1 ^ t o 4 p .o . I 1s t o 4 p . o . lJ a t o S ^ p .o . Metropolitan Trust Company (New York). T o ta l..........................................$ 1 7 ,7 4 4 ,6 3 7 J u n e 30, ’02. Dec. 3 1 ,’01. $869,233 $526,033 17,511,769 16,259,270 5 48,000 508,000 32,922 8,336 1,196,793 1,347,165 215,546 225.037 $20,3 7 4 ,2 6 3 $18,873,841 Capital s to c k .................... $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 1,000,000 Surplus f u n d ................................ 1,000,000 U ndivided p rofits............... 1,369,577 1,158,945 G eneral dep osits, pay. on dem . 11,828,7981 174,452 I D ue tru st c o m p a n ie s ................ D ue savin gs ba n k s...................... 1,709,634 | 1 7 ,0 4 8 ,6 0 3 Due banks and b a n k e r s ........... 5 29,369 ] O ther lia b ilitie s ........................... 13^,807 166,715 $1,00 0 ,0 0 0 1,000,000 1,033,568 Liabilities. T o ta l..........................................$ 1 7 ,7 4 4 ,6 3 7 $ 20,374,263 15,778,019 62,254 $18,873,841 Supplem entary. T ot.am ’t o f profits du rin g year. $1,0Q 7.400 Int, credited d ep ’s sam e p er’d 4 65,014 E xp. o f in stitu t'n sam e per’d . 88,523 A m ’t o f divs. deo. sam e p er’d . 1 00,000 A m ’ t o f d ep.on w h ich in t Is ail’d 13,424,673 R ate o f in terest........................... 1*2 to 5 p. o. *$481,328 *197,948 *43,265 *50,000 16,177,068 1 to 4 p, 0. Resources. D:C. 3 1 ,’ 02. J u n e 30, ’02. B onds and m o rtg a g e s................ $352,219 $33a,919 S tock Invest’s (m arket v a lu e ).. 710,271 677,721 4,327,580 A m ou nt loa n ed on co lla te ra ls. 4 ,627,656 353,604 Aut t loaned on p ers’l secu rit’ s. 297,703 167.0C0 R eal estate (est. v a lu e )............. 167,000 26,803 Cash on h an d ................................ 63 ,5 3 0 Cash on d ep osit............................. 63 2 ,4 3 0 412,304 88,314 O ther a ssets.................................. 80,622 Dec. 31, ’01. $387,919 915,515 3,656,008 301,966 167,743 43,709 £03,893 82,012 $ 6 ,9 3 1 ,4 3 1 $ 6,392,245 L iabilities. Capital s to c k ................................ $ 5 0 0 ,0 0 0 $ 5 0 0 ,0 0 0 4 71,395 442,141 U ndivided p ro fits ....................... D eposits in tru st......................... 59 ,5 7 3 101,468 U en’ l d ep osits, p a y ’ b le o n d e m . 4 ,5 3 4 .1 9 7 ) D ue tru st c o m p a n ie s ................ 50,722 /• 5,292,249 D ue savin gs b a n k s...................... 1 ,200,530 ) O ther lia b ilitie s........................... 115,014 56,387 $ 5,858,765 T o ta l......................................... $6,931,431 Supplem entary. T otal am ’ t profits d u rin g year. $ 3 1 2,906 In t.cred ited d ep ’s,sa m e p er’d . 149,257 E x p o f institution, sam e p er’d 42,108 A m t.o f divs. d e c l’d, sam e p er’d 30,000 A m t o f dep.on w h ich in t.is a il’ d 5,844,922 R ate o f in te re st........................... 2 to 4 p. o. $5,8 5 8 ,7 6 5 T o ta l......................................... $6,3 9 2 ,2 4 5 *$149,367 *70,437 *19,895 *15,000 5,593,718 2 to 4 p. c. $50 0 ,0 0 0 416,166 71,005 4,839,632 31,962 $259,507 117,590 36,416 30,000 4,910,637 2 to 4 p. 0_ New York Life Insurance & Trust (New York). Resources. Dec. 3 1 , ’02. S tock in v est’ s (m arket v a lu e).. $ 5 50,733 A m ’t loan ed on collaterals .. 14,565,919 R eal estate (estim ated v a lu e ).. 548,000 Cash on hand................................ 12,319 Cash on d ep osit............................. 1,872,682 O ther assets.................................. 194,984 309 $528,314 2 6 9 /8 6 46,785 50,000 1 5 ,134,097 1 to 4 p. 0. Resources. Dec. 31, ’02 J un e 3 0 , ’ 02. B onds and m o rtg a g e s................. $ 3 ,6 1 3 ,6 6 6 $ 3 /6 2 ,9 5 7 S tock invests, (m arket va lu e).. ll,2r>5,139 11,092,818 A m ou nt loan ed on co lla te ra ls. 8 ,862,850 6,680,551 A m ’ t loan ed on pers’l secu rit's 6 ,228,012 12,078,387 Real estate (estim ated v a lu e).. 8 27,554 787,671 Cash on h a n d ................................ 2,500 ,0 0 0 3,000.000 Cash on d e p o s it........................... 1,343,702 381,636 2,376,511 O ther a ssets.................................. 2,341,290 Dec. 31, ’01. $3,5 2 5 ,4 8 7 11,076,547 8,647,145 7,267,678 468,848 2, 000,000 1,084,936 2,372,390 T o ta l........................................... $ 3 7 ,0 0 7 ,4 3 4 $ 3 9 ,9 2 5 ,3 1 0 $ 36,443,031 L iabilities. C apital s to c k .................................. $ 1 ,0 0 0 ,0 0 0 $$ 1,000,000 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 4,112 ,3 8 6 4,083,853 3,9 5 8 ,6 7 0 4,083,853 U ndivided p ro fits........................... 4 0,045 50,806 41,854 50,806 D eposits in tru st........................ 2 8 ,642,868 > 32,153,322 2 8,917,011 6 3 ,3 3 9 ) Due sa v in g s b a c k s ...................... O ther lia b ilitie s........................... 3,148,796 2,667,329 2,5 2 5 ,4 9 6 T o ta l..........................................$ 3 7 ,0 0 7 ,4 3 4 $39,9 2 5 ,3 1 0 Supplem entary. T otal am ’ t profits d u rin g year. $ 1 ,7 5 8 ,8 1 7 *$959,064 Int. cred ited d e p ’s same per’d. 9 3 6 ,1 6 5 *454,292 E xp . o f in stitu tion, sam e per’ d 1 39,514 *64,948 A m ’ t o f divs. d ecl'd ,sa m e p er’d 4 0 0 ,0 0 0 *200.000 A m t.o f dep.on w h ich int.is ail’ d 2 8 ,7 1 6 ,2 0 8 32,123,322 Rate o f in te re st........................... 1 to 5 p. o. 1 to 5 p. c. $36,443,031 $1,585,431 887,325 186,766 400 ,0 0 0 28,917,011 1 to 5 p. e. New York Security & Trust Co. (New York). <:m /y p p q Morton Trust Company (New York). R esources. Dee. 31 ’ 02. J u n e 30 ’02 S to c k ln v ’ stm ’ts(m ark et v alu e) $ 8 ,4 2 2 ,0 9 3 $8,530,271 A m ou nt loa n ed on colla tera ls . 34,0^ 6,376 33,26 5 ,0 6 4 A m t. loan ed on p ers’ lsecu ritie s 3 ,3 2 0 ,5 0 0 5 ,254,500 Cash on h a n d ................................ 29 ,4 4 4 37,838 Cash on d e p o sit............................ 12,921,871 11,598,116 O ther assets.................................. 190,195 336,043 T ota l..........................................$ 5 8 ,9 5 0 ,4 7 9 L ia b ilities. Capital s to c k ................................ $ 2 ,0 0 0 ,0 0 0 Surplus fu n d ................................. 2 .0 0 0 .0 0 0 U ndivided profits......................... 3 .815,982 D eposits in tru st ........................ 5,282,723 G eneral deposits p ay. on d em . 3 5 ,0 4 3 /5 0 Due tru st co m p a n ie s................ 2,309,710 Due savin gs banks .................. 2,157,962 Due banks and b a n k e r s ........... 6,240,812 Other lia b ilities........................... 9 9 .4 4 0 ' T o ta l..........................................$ 5 8 ,9 5 0 ,4 7 9 Dec. 31, ’01. $6,911,929 34,797,360 4 ,402.000 34,118 12,462,416 419,547 $59,0 2 1 ,8 3 2 $59,0 2 7 ,3 7 0 $ 2 ,0 0 0 ,0 0 0 2,000,000 3,373,061 $2,000,000 5 1 ,5 1 7 ,6 9 4 52,380,921 131,077 84,256 2 ,000,000 2,562,193 $59,0 2 1 ,6 3 2 $ 5 9 ,0 2 7 ,3 7 0 S u p p lem en ta ry . Tot. am t. o f profits du rin g year. $ 2 ,9 1 4 ,0 2 9 *$1,491,103 Int. credited depos. sam e per’ d 943,681 *450,746 E xp. o f in stitu tion sam e p er’d. 2 8 7 ,6 1 2 *143,536 Am t. o f divs. d ecl’d sam e per’ d 3 0 0 ,0 0 0 *100,000 Am t. o f dep. on wh. int. Is ail’d. 3 5 ,9 5 5 ,5 8 0 3 7 ,6 2 8 ,1 1 7 Rate o f in terest........................... 1 to 3 p. o. 1 to 3 p. o. Dec. 31, ’02. J u n e 30, ’ 02. B onds and m o rtg a g e s................. $ 9 8 6 ,8 2 0 $797,022 Stock in v est’ s (m arket v a lu e ).. 13,980,018 15,967,500 A m ’t loan ed on colla tera ls 26,32 1 ,8 7 5 31,2 4 6 ,5 4 4 Ain’ t loaned on p ers’l se cu rit’ s. 204,702 54,050 Cash on b a n d ................................ 3 5,159 32,185 Cash on d ep osit............................. 9 ,0 1 7 ,2 2 0 5,548,632 O ther assets................................... 47 0 ,0 6 6 444,374 T o ta l..............................$ 5 1 ,0 1 5 ,8 6 0 L iabilities. Capital sto ck ...................... $ 1 ,0 0 0 ,0 0 0 Surplus fu n d ...................... 4 ,0 0 0 ,0 0 0 U ndivided p rofits............. 4 4,570 D eposits in tru st and gen eral deposits payable on dem and. 45,281,506 D ue tru st co m p a n ie s...... 580,772 i >ue savin gs banks .................... 17,386 D u e banks and h a n k e r s ............ 31,363 Other lia b ilities................. 60,263 Dee. 31, ’01. $995,342 13,475,696 21,544,966 232,950 38,096 8,685,068 218,119 $ 54,090,307 $45,1 9 0 ,2 3 7 $ 1,000,000 $ 1,000,000 3,500,000 72,982 3,00 0 ,0 0 0 38,931 49,4 0 7 ,9 8 5 41,091,951 109,340 59 ,3 5 5 T o t a l........................................ $ 51,015,860 $54,090,E 07 Supplem entary. T otal am ’ t profits during year. $ 3 ,4 1 1 ,9 8 7 *$1,814,452 Int. credited dep’ s sam e p e r 'd . 1,365 868 *649.490 E xp. o f in stitu t n sam e per’d .. 130,312 *73,759 Ain’ t o f d iv. deol’d sam e p e r ’d.. 2 00,000 *130.000 A m ’t o f dep.on w hich int.is a il’ d 4 4 ,5 2 2 ,6 1 2 4 7 /6 7 ,5 3 2 R ate o f in terest............................1 to 3Ja p. o. 1 to 3*9 p. o. $45,1 9 0 ,2 3 7 T o ta l.........................................$ 1 5 ,8 2 7 ,2 6 4 $16,9 9 5 ,7 7 7 S upplem en tary. T otal am ’ t profits du rin g y ea r. $ 1 ,1 3 7 ,7 1 6 *$521,825 In t.o re d lte d d e p ’rssa m e p eriod 2 60,210 *114,886 E x p .o f institution, sam e p e ilo d 148,762 *79.499 A m ’ t o f divs. d eol’ d. sam e per’ d 1 40,000 *70.000 A m ’ t o f dep.on w h ich int.is a il’d 8 ,7 9 1 ,2 9 4 8,370,884 R ate o f in te re st........................... 2 to 4 p .o . 2 t o 4 p .o , $16,2 6 7 ,2 9 5 $ 1 ,8 7 2 ,3 7 0 773,700 109,290 200,000 25,7 4 6 ,6 1 9 $2,45 4 ,3 2 7 1 to 3*9 p. e. 850,913 253,787 North American Trust Company (New York). ........ R esources. 38,87 9 ,9 6 7 Dec. 3 1 . ’02. J u n e 3 0 , ’02. D ec. 31. ’01. 1 to 3 p. c. B ond s and m o r tg a g e s ................ 101,489 26,489 $26,489 Stock in ves’ts (m arket va lu e).. $ 2 ,5 5 7 .4 "9 3 ,5 0 8 .-3 3 4,760,243 Mutual Alliance Trust Company (New York.) A m ount loaned on colla tera ls. 8 ,707,140 10,13 1,234 6,299,140 R esources. A m 'tlo a n e d on pers’l secu rities 6 69,212 748,662 2,519,116 70 0 ,0 0 0 ... , Dec. 3 1 ,1 9 0 2 . Real estate (estim ated v a lu e ).. 48 ,5 0 3 271,046 Stock investm ents (m arket v a lu e )............................................... $ 9 48,640 Cash on b a u d ................................ 29.603 A m ount loan ed on co lla te r a ls ...................................................... 1,014,668 Cash on d e p o sit............................. 1,554,188 1,413,157 1,585,766 1 ,0 3 1 ,2 5 0 ) QQ, - - A m ount loan ed on p erson al s t c u r it ie s ...................................... 292 037 D ue from b a n k s ........................... 1,046,938 Cash on hand ................................................................................... 52,609 Other a ssets.................................. 4 5 6 ,9 9 3 ) Cash on d e p o s it.................................................................................. 166,581 T ota l.......................................... $ 1 5 ,8 2 7 ,2 6 4 $ 1 6 ,9 9 5 ,7 7 7 $16,2 6 7 ,2 9 5 Other assets......................................................................................... 37,730 L ia b ilities. T o t a l .............................................................................................. $2,512,265 C apital s to c k ................................ $ 2,000,000 $ 2 ,0 0 0 ,0 0 0 $ 2, 000,000 8urplu« fu n d .................................. 3 ,5 0 0 ,0 0 0 2,50 ',000 2,5 0 0 .0 0 0 L ia b ilities. U ndivided p rofits......................... 506 670 300,000 234,840 Capital s to o k ........................................................................................ $500,000 D eposits in t r u s t _____________ 1 ,1 5 5 ,6 5 4 ' Surplus fu n d ........................................................................................ 500,000 G en era ld ep ’ ts, p a y .o n dem and 6 ,5 1 1 /7 1 Undivided p ro fits.......................... 13,026 Due trust co m p a n ie s ................ 1,635,006 12,127,807 11,443,498 Deposits in trust ............................................................................. 8 / 9 1 D u e savin gs b a n k s ...................... 451,731 General d ep osits p ay able on d e m a n d .................................. ” . 1,473.709 D ue banks and b a n k e r s ........... 1,024,053 Other lia b ilities.................................................................................. 10,739 Other liabilities............................. 42 ,2 7 9 €7,970 38,957 T o t a l .............................................................................................. $2,51 2 ,2 6 5 S upplem entary. Total am onnt o f profits d u rin g the y e a r .................................. Interest credited d ep ositors sam e p e r io d ......... ........................ Expenses o f in stitu tion d u rin g sam e p e r io d ........................... A m ount o f d ep osits on w h ich Interest Is a llo w e d .................. $57,388 9.999 3 2 /9 2 1,403,190 Rate of Interest............................................................................. 2 to 3 p. o. * For the six months only, Jan. 1 to June 30. * For the six months only, Jan. 1 to June 30. 785,359 199,908 206,359 140,000 6.911,318 2 to 4 p. e. THE CHRONICLE 310 People’s Trust Company (Brooklyn). Resources. Dec. 31, ’02. J u n e 30, ’ 02. $565,988 B onds and m ortgages.................. $457,138 3 ,455,290 S tock in v est’ ts (m arket v a lu e ). 3,449,202 7,099,055 A m ou n t loan ed on co lla te ra ls .. 7 ,3 9 0 ,0 4 9 655,315 A m ’t loan ed on p e rs’l secu rit’s . 6 88,150 233,400 R eal estate (estim ated v a lu e )... 2 33,400 139,209 Cask o n hand ................................ 103,530 1,468,693 Cash on d ep osit............................. 931.205 131,874 146,108 O ther assets................................... Trust Company of America (New York). Dec. 31, ’ 01. $580,638 2 ,756,320 8,226.214 523,845 222,400 296,370 974,928 144,560 .$ 1 3 ,3 9 8 ,7 8 2 $ 13,748,824 L iabilities. $ 1 ,0 00,000 C apital s t o c k .................................. $1,000,000 1 , 000,000 Surplus fu n d ................................ 1,000,000 490,018 U n divided profits......................... 581,682 435,617 D eposits in tru st........................... 451,638 G eneral deposits, pay. on d em . 7 ,9 3 2 ,5 2 1 ) D u e savin gs h a n k s..................... 1,261,600 > 10,394,710 2 5 4 ,9 0 0 ) D ue banks and b a n k ers............. 428,479 Other lia b ilities............................. 916,491 $13,725,275 ...$ 1 3 ,3 9 3 ,7 8 2 $ 1 3 ,7 4 8 ,8 2 4 Supplem entary. *$294,062 $ 5 9 9 ,3 2 8 T otal am ’t profits during y e a r. 264,352 *119,134 In t. cred ited dep’ s sa m e p e r ’d. 79 ,7 6 9 *37,099 E xp . o f in stitu t’n, same p or’ d. 120,000 *60,000 A m ’t divs. d e cla red ,sa m e p e r’d 10,323,251 A m ’ t o f dep.on w h icli in t.is ail’ d 10,230,323 2 to 4 p. c. 2 to 4 p. c. R ate o f in terest on s a m e ......... $ 13,725,275 T otal T otal $1,000,000 1 , 000,000 569,746 3 15,040 10,620,209 220,280 $ 5 72,313 2 7 1 ,6 5 4 7 1,789 120,000 1 0 ,875,510 2 to 4 p. 0. Real Estate Trust Company (New York). R esources. D ec. 3 1 . ’ 02. Jun e 30, ’ 02. $ 2 8 8,000 B onds and m o rtg a g e s................. $ 2 8 8 ,0 0 0 1,238,568 Stock in v es’ts (m arket v a lu e ). 1,177 ,3 0 9 6 ,208,309 A m ou n t loan ed on c o lla te ra ls . 5,828 ,3 3 2 A m t. loan ed on pers’l secu rit’ s. 500 22,654 2 2 ,2 7 2 Cash on h an d................................ 955,748 8 51,568 Cash on d e p o s it........................... 52,168 O ther assets.................................. 4 1 ,9 4 4 T ota l......................................... $ 8 ,2 0 9 ,9 2 5 L ia b ilities. C apital s to c k ................................. $ 5 0 0 ,0 0 0 Surplus fu n d ................................ 2 50,000 U n d ivid ed p ro fits........................ 3 7 9 ,8 4 0 D ep osits in tru st and gen eral d ep osits p a y a b le o n dem and 7 ,0 2 0 ,5 3 4 O ther lia b ilitie s........................... 59,551 12,100 16,731 9 69,523 52,276 $ 5 0 0 ,0 0 0 2 50,000 3 42,002 $ 5 0 0 ,0 0 0 2 50,000 316,541 7 ,5 9 8 ,5 7 4 74,871 8 ,649,687 69,453 $ 8 ,7 6 5 ,4 4 7 T o ta l......................................... $ 8 ,2 0 9 ,9 2 5 Supplem entary. *$187,946 T ota l am ’t profits during year. $ 3 9 3 ,3 7 7 *102,662 In t. cred ited dep’ rs sam e p e r ’ d 2 1 4 ,7 1 7 E xp . o f in stitu tion sam e p er’ d 50,711 *24,989 *25,000 A m t.of divs. d e cl’ d, same p e r’d 50 ,0 0 0 7 ,5 9 8 ,5 7 4 A m t.dep. on wh. int. is a llow ed 6 ,9 0 5 ,5 2 2 R ate o f in terest........................... 2 to 4 p. o. 2 to 3>e p. c. $9,785,681 $ 3 4 4 ,2 6 3 191,812 50,374 60,000 8,571,558 1 to 3h! p. o. Standard Trust Company (New York). $14,5 4 1 ,4 2 3 $ 16,474,404 L ia b ilities. C apital s t o c k ................................ $ 1 ,0 0 0 ,0 0 0 $ 1,000,000 Surplus fu n d .................................. 50 0 ,0 0 0 2 50,000 U ndivided p ro fits........................ 355,071 46 3 ,9 7 0 D eposits in tru st.......................... 507,1091 G en’l dep., p ay able on dem ’d .. 8.500,153 | D u e tru st co m p a n ie s .................. 1,243,631 ■ 13,380,209 D ue savin gs ba n k s...................... 168,660 D ue banks and b a n k e rs............ 212,421 1,380,225 Other lia b ilitie s............................ 2,054,378 Dec. 31, ’ 01. $1 7 ,5 0 0 2,418,375 7,147,651 151,158 27,623 3 ,908,920 60,049 $ 1 3 ,7 3 1 ,2 7 6 $ 1,000,000 250,000 341,915 10,167,660 1,971,701 T ota l $ 1 4 ,5 4 1 ,4 2 3 $ 1 6 ,4 7 4 ,4 0 4 $ 1 3 ,7 3 1 ,2 7 6 S u p plem en tary. T o ta l am ’t profits during y e a r. $ 7 38,226 $ 5 1 9,125 *$355,789 In t. cred ited deps., sam e p e r’d. 309,048 182,873 *158,850 E x p . o f in stitu t’ n, sam e o e r ’ d. 88,702 70 ,8 5 3 *44,883 A m t. o f divs. d eol’d, sam e p er’ d 60 ,0 0 0 60,000 *30,000 9 ,8 3 0 ,1 1 4 13,102,468 A m t.o f d e p .o n w h ich in t.is a il’d 10,479,137 R a te o f in te re st......................... 2 to 4 p. c. 2 to 4 p. o. 2 to 4 p. c. Title Guarantee & Trust Co. (New York). R esources. Dsc. 3 1 ,’02. B on d s and m o rtg a g e s................ $8,261,941 S tock in v estm ’ ts (m arket v a l.) 1,115,000 A m ou n t loan ed on co lla te ra ls . 5,160 R eal estate (estim ated v a lu e ). 3 20,000 Cash on h a n d ......... ...................... 32,098 Cash on d ep osit............................ 717,471 Other a s s e ts .................................. 4 80,837 J u n e 3 0 .’ 02. D ec. 31, ’ 01. $8,69 1 ,2 2 0 $ 7 ,415,815 1,018,750 1,037,500 4 2,935 8,478 4 48,450 5 41,727 T ota l 6,436 7 45,892 4 96,772 $ 1 0 ,9 3 2 ,5 0 7 $ 1 0 ,7 8 1 ,5 6 0 L iabilities. C apital s to c k ................................ $ 4 ,0 0 0 ,0 0 0 $ 2 ,5 0 0 ,0 0 0 3 ,5 0 0 ,0 0 0 Surplus fu n d .................................. 2,500,000 2 87,527 U n divided p ro fits......................... 292,718 D ep osits in t r u s t ...................... 129,286 5 5,496 G en ’ l dep ., p a y a b le on dem ’ d .. 2 ,6 4 3 ,9 6 7 ) 2 ,804,030 D u e savin gs b a n k s ..................... 2 8 9 ,8 9 1 ) 1,634,507 O ther lia b ilitie s ...'...................... 1,076,645 $9,70 2 ,4 1 5 $ 1 0 ,7 8 1 ,5 6 0 T o t a l........................................ $10,9 3 2 ,5 0 7 S upplem entary. T o ta l am ’ t p rofits d u rin g year. 2,132 ,9 1 5 *$1,075,497 *$64,980 In t. cred ited deps., sam e p er’d. 146,118 *417,733 E xp en s, o f in stlt’ n, sam e p e r ’d 864,539 * 3 0 0 ,0 (0 A m t. divs. d ecla red , sam e p e r ’d 1 ,8 0 0 ,0 0 0 3.827,195 A m t. o f dep . on wh. int. a llo w e d 3 ,730,346 R a te o f in te re s t........................... 1 ±2 to 4*s p .c. 1*2 to 5 p. c. $9,702,415 * For the six months only, Jan. 1 to June 30. T ota l $ 23,761,201 L ia b ilities. C apital s to c k ................................ $2,500,000 2 ,500,000 Surplus fu n d ................................. U n divided p rofits........................ 650,028 D eposits in tru st......................... 257,037 G en ’l deposits p a ya b le o n dem . 13,045,524 D u e tru st co m p a n ie s................ 1,417,406 D ue savings b a n k s...................... 574,054 Due banks and b a n k e rs........... 2 ,677,420 Other lia b ilities........................... 139,732 Total, ......... $23,761,201 S u p p lem en ta ry. T ota l am ’ t profits du rin g year. $1,049,786 In t. cred ited depos. sam e p er’ d 439,634 E x p . o f Institution, sam e p er’ d. 119,160 A m t. o f divs. d eol’ d sam e p er’d 175,000 A m t. o f d ep ’ s on wh. int. is a il’ d 17,789,169 R a te o f in terest............................1 ^ to 4 p. c. $25,171,384 $23,008,970 $2,500,000 2,500,000 534,050 109,766 $2,500,000 2,500,000 419,345 72,039 19,363,228 17,390,998 164,340 126,588 $ 25,171,384 $23,008,970 *$541,163 *217,841 *57,899 *87,500 19,318,209 1 ^ to 4 p. o. 965,575 369,452 137,485 262,500 17.360,999 1^5 to 4 p. o. 1 I R esources. D ec. 31, ’01. $ 2 91,500 1 ,633,340 6,810,211 $9,78 5 ,6 8 1 T ota l R esources. Dec. 3 1 ,’02. Jun e 30, ’ 02. Dec. 31, ’ 01. B on d and m o rtg a g e s.................. $895,768 $575,768 $277,833 S tock in v ’ stm ’ts (m arket va lu e) 7,712,99 6 8,017,739 8.203,809 A m ou n t loa n ed on co lla te ra ls. 12,129,990 13,005,745 11,830,634 A m t. loan ed on p ers’l secu rities 153,100 366,250 318,000 Cash on h a n d ................................ 26,577 33,410 27,874 Cash on d e p o sit............................ 2,678,432 3,017,460 2,160,343 Other assets................................... 164,338 155,012 190,477 Trust Company of the Republic (New York), $ 8 ,7 6 5 ,4 4 7 R esources. Dec. 31, ’02. J u n e 30, ’02. B ond s and m ortg a g e s................ ............. S tock in v es’ts (m arket v a lu e ). $ 2 ,5 4 5 ,8 6 3 2,777,608 A m ou n t lo a n e d on colla te ra ls . 7 ,3 5 0 ,2 1 3 9 ,4 3 4 ,2 9 8 A m t. loan ed on p ers’l se cu rit’s. 149,658 250,000 Cash on h a n d ............................ . . 35,071 29,419 3,812,712 Cash on d e p o s it........................... 4 ,349,982 164,715 O ther assets.................................. 116,288 [VOL. LXXVI. $ 2 ,5 0 0 ,0 0 0 3 ,500,000 59,983 35 ,9 0 0 2,6C 3,950 9 4 2 ,5 8 2 $ 1 ,7 6 1 ,6 5 6 110,651 788,361 3 00,000 3 ,2 4 6 ,0 6 0 2 to 5 p . c. D ec. 31, ’ 02. Jun e 30, ’ 02. S tock investm ents (m arket v a lu e ).................. $1,412,908 $1,023,766 1,256,099 2,751,788 A m ou n t loa n ed on c o lla te r a ls ........................... A m ou nt loa n ed on p erson a l secu rities........... 205,150 100,350 Cash on h a n d ........................................................... 33,382 40,832 Cash on d e p o sit....................................................... 701,042 585,992 O ther a ssets............................................................. 81,269 39,536 T o t a l.................................................................... $3,689,850 L ia b ilities. C apital s t o o k ...................... $1,000,000 Surplus fu n d ............................................................. 500,000 95,247 U ndivided p r o f i t s .................................................. ............. D ep osits in t r u s t .................................................... G en eral d ep osits p a y a b le on d e m a n d ............. 2,020,978 Other lia b ilitie s........................................................ 73,625 $4,542,264 T o t a l.................................................................... $3,6 8 9 ,8 5 0 $4,542,264 $1,000,000 500,000 123,149 139,650 2,745,171 34,294 T ota l am ount o f profits d u rin g the y e a r........ $366,752 $161,229 In t. cred ited d e p o sito rs d u rin g sam e p e rio d . 20,606 1,044 E xp en ses o f in stitu tion d u rin g sam e p e rio d . 144,794 38,512 A m t. o f d ep osits on w h ich int. is a llo w e d ___ 1,816,291 2,745,171 R ate o f in t e r e s t ...................................................... 2 to 4 p. c. 2 to 3 ^ p. c Union Trust Company (New York). Resources. Dec. 3 1 ,’ 02. J u n e 3 0 ,’02. B onds and m o rtg a g e s................ $ 6 22,860 $682,750 S tock in v est’ts (m arket v a lu e ). 10,751,883 13,122,493 A m ou n t loan ed on c o lla te ra ls. 4 4 ,4 71,668 51,517,368 R eal estate (estim ated v a lu e ). 1,900,000 1,900,000 Cash on h a n d ................................ 2,021,607 3,030,437 Cash on d e p o sit............................ 2,087 457 2,536,910 O ther a ssets.................................. 5 26,510 664,337 Dec. 31, ’01 $839,188 14,834,020 48,986,543 1,900,000 2,541,720 1,755,224 710,634 T ota l $ 6 2 ,3 81,985 $ 73,454,295 $71,567,329 L iabilities. C apital s to c k .................................. $ 1 ,000,000 $ 1,000,000 $ 1,000,000 Surplus fu n d .................................. 7,516.338 7,157,532 6,905,587 D ep osits in t r u s t ...................... . 4 7 ,4 6 1 ,4 4 6 ) G e n ’l deposits, p a y a b le on dem . .............) D u e tru st co m p a n ie s.................. 498,002 )• 64,139,894 62,311,228 D u e savings b a n k s..................... 4,727,341 | D u e banks and b a n k ers........... 150,727 J Other lia b ilitie s............................ 1,028,131 1,156,869 1,350,514 T o ta l .........................................$ 62,381,985 $73,454,295 Supplem entary. T ota l am ’ t profits du rin g yea r. 3 ,279,635 *$1,591,326 In t. cred ited d ep ’ s, sam e p er’ d 738,818 *901,315 E xp . o f in stitu tion, sam e p e r’ d 212,485 *100,143 * 200,000 A m ’t o f d iv s.d e cl’d,sam e p er’ d 425,000 62,731,341 A m t. o f dep.on w h ich int.is a il’ d 51,09 2,138 R ate o f in te r e s t........................... 1 to 4 p . c. 1 to 3*2 p. c. $71,567,329 $ 2,696,186 1,496,793 409,147 320,000 60,885,903 1 to 4 p. o United States Mortgage & Trust (New York). R esources. Dec. 31, ’02. J u n e 30, ’02. B onds and m o r tg a g e s ................. $10,250,617 $9,956,069 S to ck in v e st’s (m arket v a lu e ).. 6 ,597.149 6,017,533 L oaned on c o lla te r a ls ................ 8,895,109 11,585,347 L oaned on p erson al secu rities. 171,450 105,808 R eal estate (estim ated v a lu e ).. ............. Cash on h a n d ................................ 174,055 98,218 Cash on d e p o sit............................. 5,244,967 3,742.530 O ther assets ................................. 783,943 735,341 T ota l Dec. 31, ’01. $9,882,451 4,329,561 7,482,145 147,392 27,505 68,201 4,553,695 497,516 $32,117,290 $32,240,846 L iabilities. C apital sto ck .................................. $ 2 ,000,000 $ 2 ,000,000 Surplus fu n d .................................. 3 ,000,000 3,000,000 U ndivided p rofits......................... 548,517 341,045 D eposits in tru st.......................... 818,501 441,485 General deposits, p ay. on d em . 1 2 ,2 0 6 ,1 9 2 ) D ue tru st com p a n ies.................. 2 ,259,814 ! D u e savin gs b a n k s ...................... 517,659 f 17,203,828 D u e banks and b a n k e rs........... 418,338 J O ther lia b ilities............................. 10,348,269 9,254,488 $26,988,466 T o ta l......................................... $ 32,1^ 7,290 $32,240,846 Supplem entary. T ota l am ’t profits d u rin g yea r. $ 1 ,9 4 6 ,4 7 5 *$1,030,660 *353,290 Int. cred ited d ep ’ s, sam e p e r’ d. 748.087 E x p .o f in stitu tion, sam e p e r’d. 228,824 *105,865 *140,000 A m ’ t o f d iv s .d e c l’d, sa m e p e r’d. 300,000 16,725,987 A m ’ t o f dep.on w hich int.is ail’d 14,504,895 1 to 4 p. o. R a te o f in terest............................ 2 to 4 p. c. $26,988,466 •For the six months only, Jan. 1 to June 30. $ 2 , 000,000 2,750,000 300,798 592,697 13,192,593 8,152,378 $1,855,047 637,680 243,426 240,000 12,347,570 1 to 4 p. o. THE CHRONICLE. F eb r u ar y 7, 1903.] Washington Trust Company (New York).— Concluded. United States Trust Company (New York). Resources. Dee. 3 1 ,’ 02. June 30, ’ 02. $4,338,000 Bonds and m ortg a g es................ $4,231,000 7,873,050 Stock invest’ ts (market value). 9,322,435 57,696,362 Am ount loaned on collaterals. 42,558,000 8,857,927 A m ’t loaned on pers’l seourit’ s 8,186.873 1,000,000 Real estate (estimated v a lu e ).. 1,000,000 6,445,996 Cash on d ep osit........................... 8,602,584 1,089,441 Other assets.................................. 961,598 Dec. 31, ’01. $4,180,000 7,140,135 55,502,098 12,879,300 1,000,000 5,580,844 754,085 T o t a l........................................ $74,862,490 $87,300,776 $87,036,462 Liabilities. $2,000,000 $2,000,000 Capital s tock ................................. $2,000,000 10,000,000 10,000,000 Surplus fu n d ......................... 10,000,000 2,094,960 1,690,629 Undivided profits........................ 2,271,907 Deposits In trust and general deposits, payable on dem and 55,223,227 72,044,187 Due trust co m p a n ie s ................ 710,408 • 71,927,243 Due savings banks..................... 3,108,711 493,109 Due banks and ban kers.......... 1,278,573 1,295,646 Other liabilities............................ 1,055,128 T o t a l........................................ $74,862,490 Supplementary. Total am’ t profits during year. $3,930,832 Int. ored. dep’ s, same p eriod .. 2,219,918 E xp. o f institution, same per’ d. 156,144 A m ’ t o f divs. deold. same per’d 1,000,000 A m t.of dep.on whioh lnt.is ail’ d 56,058,250 Rate o f in terest........................... l t o 4 p . o. 87,300,776 87,036,462 *$1,965,910 *1,082,996 *73,061 *500,000 71,119,261 1 to 3 p. 0. $3,400,642 1,845,956 165,506 1,000,000 71,513,857 1 to 3 p. C. Yan Norden Trust Company (New York). Dee. 31, ’02. $30,000 Bonds and m ortgages................................ Stock investm ents (market valu e)................... 1,226,300 . 3,330,088 Am ount loaned on collaterals.................. 376,749 Am ount loaned on personal securities. 88,940 R eal estate (estim ated valu e)................... 547,145 Cash on h a D d ................................................ 678,187 Cash on d e p o s it........................................... 566,848 Due from b a n k s ........................................... 19,839 Other assets.......................................... ...... June 30,’02. $1,043,958 2,330,651 218,720 11,273 513,067 182,004 \■ \ T o t a l................................................................... $6,864,096 $4,299,673 Liabilities. . $ i ,c o o ,o o o $1,000,000 Capital stook.................................................. Surplus fu n d ........................................................... 1,000,000 1,000,000 34,802"* " " " Undivided p rofits.................................................. 21,242 9,358 ] D eposits in tru st.......................................... General deposits payable on dem an d.......... . 3,056,012 1! 762,041 ^ 1,950,872 Due trust co m p a n ie s ............................... 449,015 Due savings b a n k s _________ __________ 547,868 ,1 Due banks and bankers............................ 5,000 Other lia b ilitie s.......................................... 327,559 T ota l.................................................................... $6,864,096 $4,299,673 Supplem entary. T otal am ount o f profits during the year.......... $171,062 $171,082 {$71,297 49,391 Int. credited depositors during same p eriod . {2,787 E xpenses o f institution during same p eriod. 113,959 {16,552 A m ount o f deposits on w hich int. is allow ed.. 2.735,953 2,204,564 0. 2 to 3*9 p. 0. Rate o f in terest..................................................... 2 to 4 p. o. Washington Trust Company (New York). Resources. Dec. 3 1 ,’ 02. June 3 0 , ’02. B onds and m o rtg a g e s ................ $44,800 $60,600 Stock invest’ts (m arket valu e). 940,381 701,702 Am ount loaned on collaterals.. 8,586,350 8,815,200 Amt. loaned on pers’l seourit’s. 210,000 310,000 Cash on hand........................... 4,118 6,628 Cash on deposit............................ 644,367 555,028 Other assets.................................. 91,758 78,767 T otal......................................... $10,521,774 $10,527,925 Dec. 31, ’01. $79,100 834,442 8,583,000 90,000 3,562 608,031 95,024 $10,293,159 * For the six m onths on ly, Jan. 1 to June 30. A B O U T BANKS June 3 0 ,’ 02. Dec. 31, ’01. $500,000 $500,000 500,000 500,000 353,864 326,970 9,127,828 BANKERS AND 8,935,500 46,233 30,689 $10,521,774 $10,527,925 $10,293,159 Supplementary. Total am’t profits during year. $4^5,961 Int. credited dep’s same per’d. 248,045 Exp. o f institut’n same per’d .. 57,329 A m ’t o f divs. d ecl’ d same per’ d 60,000 A m t.of dep.on whichlnt. Is ail’d 9,035,299 Rate o f in t e r e s t ............... ........ 1 to 4 p. o. *$251,928 *124,634 *28,668 *30,000 9,041,484 1 to 4 p. c. $443,609 246,075 70,032 50,000 8,858,011 1 to 4 p. o. Total. W illiam sburg Trust Company (Brooklyn). R esources. Dec. 31, ’ 02. June 30, ’ 02. $227,700 Bonds and m ortgages................ $273,500 1,297,884 8tock invest’ ts (market value). 1,420,861 Amount loaned on collaterals 2,219,664 2,526,158 A m ’t loaned on pers’ l securit’ s 574,491 521,151 180,800 R eal estate (estim ated v a lu e ). 180,800 Cash on hand............................... 55,858 67,697 Cash on d ep osit..................... 817,873 829,183 Other assets................................. 10,420 12,259 $5,553,467 Dec. 3 1 ,’01. $172,700 1,285,954 2,771,546 324,090 40,200 280,131 14,267 $5,662,832 $4,888,888 $700,000 350,000 152,105 120,654 $700,00C 350,000 120,130 103,344 4,294,348 3,582,353 45,725 33,061 T o ta l......................................... $5,553,467 $5,662,832 $4,888,888 Supplem entary. Total am’ t profits during y ea r. $261,045 Int. credited dep’ s, same per’ d. 93,020 Exp. o f institut’n same per’ d . 49,803 Amt. o f divs. deol’d same per’d 56,0u0 Am’t o f dep.onw hichint.is ail’ d 4,314,934 Rate o f in terest.......................... 2 to 4 p. o. *$130,126 *36,465 *24,583 *28,000 4.415,002 2 to 4 p. o. $227,313 86,568 61,218 42,000 3,685,697 2 to 4 p. o. Liabilities. Capital sto ck ................................ $700,000 Surplus fu n d ................................. 350,000 Undivided profits......................... 166,430 Deposits in tru st.......................... 25,412 Gen. depos. payable on dom ’d . 3,455,680 5 Due savings ban k s..................... 430,861 > 402,980 3 D ue banks and ban kers........... Other liabilities........................... 22,104 W indsor Trust Company (New York). Resources. B onds and m ortgages.................................... Stock investm ents (m arket v a lu e )....... . Cash on hand.. ............................................. . Cash on d ep osit............................................. Other assets.................................................... T otal 1 M arch 31 to Ju ly 1. ITEM S Liabilities. Dee. 3 1 ,’ 02. $500,000 Capital s t o c k ............................... 500,000 Surplus fu n d ................................ 406,212 Undivided p rofits........................ Deposits in trust and general deposits payable on demand. 7,627,191 50,308 Due trust com pan ies................. 1,390.360 D ue savings ban ks..................... 47,703 Other liabilities............................ Total Resources. 311 Dec. 31, ’ 02. $1,398,286 300,000 44,253 1,009,569 35,380 $2,787,488 Liabilities. Capital s to ck .................................................................................. $1,000,000 8urpius fu n d ..................................................................................... 500,0' 0 Undivided p rofits.................... 12,872 General deposits payable on dem and........................................ 674,473 Due trust com pan ies....................................................................... 600,000 Other lia b ilities........................................................................... 143 T o ta l............................................................................................. $2,787,488 Sxipplemenlary. E xpenses o f institution during the y e a r................................... 4,306 A m ount o f deposits on w hich interest is a llo w e d .................. 1,215,184 R ate o f in terest...................................... .........................................2 to 3*2 p. o. ’ F or the six m onths on ly, Jan. 1 to June 30. TRUST C O ’8 — The public sales of bank stocks this week aggregate 631 shares, of which 585 shares were sold at auction and 46 shares at the Stock Exchange. The transactions in trust company stocks reach a total of 116 shares, not including 1083 shares of Holland Trust Co. stock sold, by order of the company, for non-payment of an assessment to make good an impair ment of the capital of the company. The first sale of stock of the Plaza Bank since October 1899, when^the price was 511, was made this week at 624, and Mercantile Trust Co. stock, which had not been dealt in since June 1901, sold at 1170—an advance of 260 points. In the “ curb” market the new stock of the Western National Bank, which was issued on Monday, opened at 350 bid and advanced to 390 bid, at which price sales were made. Stock of the Guaranty Trust Co. advanced to 750 bid, with no sales. Shares. B ank s — New York. Price. L a st previous sale. 45 Central National Bank.......... 180*8-180*9 Jan. 1 9 0 3 - 180 142 City Banlt. National................... 300-302 Jan. 1903— 310 5 Fourth National Bank............... 235 Jan. 1903— 235 100 Meohanloe’ <"fe Traders’ B a n k ... 160*9 Jan. 1903— 185 *206 Merchants’ National B ank....... 182 Oct. 1 9 0 2 - 186*4 133 Metropolis, Bank o f the........ 411-500 Dec. 1902 — 500 10 Park Bank, National................. 667 Nov. 1902— 646 5 Phonlx National Bank............ 129Si •Tan. 1903— 125 10 Plaza R ank.......... ..................... 624 Oct. 1 8 9 9 - 511 50 Shoe & Leather, N ational......... 175 Aug. 1 9 0 2 - 160 B ank . Brooklyti. 25 Stuyvesant H eights B ank....... 160 F irst sale. Shares. 1 bust Com pan ies —N. Y. P rice. Last previous sale. 00 Central R ealty B. & T. C o........ 600-606 Jan. 1S03— 626 50 Guardian Trust C o..................... 200 Jan. 1903— 200*3 t l , 08* H olland Trnst C o ................... 51-51*2 ................................. 5 M ercantile Trust C o ................. 1170 June 1901— 910*4 1 U. S. M ortgage & Trust C o 500 Dee. 1902— 490 * Of this, 6 shares w ere sold at the Stock E xchan ge, t Sold for n on paym ent o f aisesem ent—see C h ro n icle of Jan. 24, page 182. { O f this, 40 shares w ere sold at the Stook E xchan ge at 302. — The Banks in Erie, Pa., organized last week the Erie Clearing Honse Association, and operations were begun on Monday,‘.February 2. The following officials were elected: Chairman, Mr. C. F. Allis, Vice-President of the Second Na tional Bank; Secretary, Mr. Glenn C. Page, Cashier of the Marine National Bank, and Manager, Mr. Jno. R. McDonald, Cashier of the First National Bank. — The Equitable Trust Company of New York on Tuesday of this week increased its capital stock from $1,000,000 to $3,000,000 and surplus from $500,000 to $8,500,000, through the sale of 20,000 additional shares of stock at $500 per share (par value $100). This institution has now the largest capital of any trust company in New York. The official staff has been enlarged by the recent advancement of Mr. Lawrence L. Gillespie from Secretary and Treasurer to Vice-President (Mr. Frederick W . Fulle taking his place), and the addition of Messrs. Lyman Rhoades Jr. and H. M. Walker as Assist ant Secretary and Assistant Treasurer, respectively. — The fiftieth anniversary of the Corn Exchange Bank of this oity (which began business February 1, 1853,) and the 312 THE CHRONICLE. tw entieth year o f W . A . Nash’s presidency o f the institution, were comm emorated by a dinner given last Saturday night at Sherry’s. Three hundred and seventy -five bankers were present. LVol. LXXVL ary 10, has since been filled, accordin g to the “ Jersey City Journal.” Mr. W illiam B. Field, Cashier o f the Com m ercial Trust Company, is the appointee. —The Old Colony Trust Company o f Boston, capital $1,—Mr. B. H. Fancher, Assistant Cashier, has been elected 000,000, has petitioned the Legislature for authority to in cashier of the F ifth Avenue Bank o f this city to succeed Mr. crease the same to an amount not exceeding $3,000,000, new Frank Dean. Mr. Dean, who, as noted below , is now con stock to be issued from time to itme, as agreed on by the nected with the Seaboard N ation al, remains as a director of stockholders, who w ill also determine the method o f distrithe F ifth Avenue. The n ew Assistant Cashier o f the latter bu 'ion . is Mr. W . G. Gaston. —Mr. F. A . Butterick has replaced Mr. J. W . C. Picker —The stockholders o f the Broadway Bank o f Brooklyn ing as V ice President o f the A ppleton N ational Bank of have authorized the proposed increase in capital from $100,- L ow ell, Mass., while Mr. G eorge E. K ing has been advanced 000 to $150,000. The new issue w ill be sold at $800 per $100 from the position o f Assistant Cashier to that o f Cashier. share. —The details o f the organization o f the Copley Square —The North Am erican Trust Company o f New Y ork , in Trust Company, fo r w hich application fo r a charter was its report to the Superintendent o f Banks on Dec. 81 last made to the Massachusetts Legislature in May o f 1900, have indicates that that institution has had a very profitable year, finally been com pleted, and the com pany opened for busi the undivided profits having increased from $284,840 on Dec. ness this week. The institution’s 5,000 shares o f stock were sold at par, $100 each, so that it has a capital o f $500,000, 31 1901 to $506,670 at the present time. w ith no surplus. The officers are: President, Mr Fred —Mr. Frank C. Travers, President o f Travers Bros. & Co., erick J. B radlee; Secretary and Treasurer, T. K. Cummins wholesale rope and twine people, was recently elected ViceJr. The board is composed o f F. J. Bradlee, Francis R. President o f the Merchants’ Trust Company o f this city , in Hart o f the Old Colony Trust Company, George C. Lee Jr. place of Mr. Jas. E. Reynolds, resigned. Messrs. John Cart and Philip Stockton o f the City Trust Company, Philip L. ledge, o f Jos. W ild & Co., and D. S. W alton, o f D. S. W alton Saltonstall and Francis Peabody Jr., both o f the Am erican & C o., are new members o f the board o f directors. Loan & Trust Company, and Charles L ow ell o f the State — Important changes tpok place in the official staff o f the Street Trust Company. The offices o f the new organization Seaboard National Bank o f this city last week. Mr. Frank are in the Pierce Building, Copley Square. DeaD, w ho recently resigned as Cashier o f the F ifth A venue — Mr. Stephen L. Bartlett has been elected Vice-President Bank, was appointed a V ice-President, while Mr. J. F. o f the Puritan Trust Company o f Boston. The company’s Thompson (as noted last week) relinquished the cashiersbip board has been increased from eight to tw elve members, the to become Vice-President o f the newly-organized Bankers' addition being E dw in F. Fobes, Edward M cLellan, G eorge Trust Company. A new Cashier w ill shortly be appointed. S. Smith and A . L. Comstock. —G roesbeck & Co. is the new style o f the Stock Exchange — The annual report o f the H artford National Bank of firm o f Groesbeck & Sterling, the change being brought H artford, Conn., issued on Deoember 27, is prefaced w ith re about by the recent death o f Joseph H. Sterling. The new marks by President Harold W . Stevens regarding the special partners are Ernest Groesbeck, senior partner o f the old firm examination instituted this year, and w hich is to be con and board member, A lbert N. Harp and W alter P. Gardner. tinued regularly each year hereafter. R eference to this ex —Mr. Ditmas 'Jew ell has resigned as President o f the amination was made in our issue o f January 24. The full Tw enty-sixth W ard Bank o f Brooklyn. His successor is his statement, however, in w hich appears the explanation o f the son, M r. John V . Jewell, w ho has heretofore been Second movement may perhaps be o f interest to our readers, and we Vice-President. therefore publish it below : H a r t f o r d , Conn., January 12,1903. — Mr. Anton A. Raven has been elected Vice-President o f the M etropolitan Trust Company o f this city, whose stock To the Stockholders and Depositors of the Hartford National Bank: We submit herewith a report of the examination of our financial holders recently voted to take over the A tla n tic Trust Com condition on December 27, 1902, made by the Eastern Audit Company pany. Other newly elected officers o f the M etropolitan are of Boston. It is the duty of the National Bank Examiners to examine Benjam in Strong Jr. (form erly o f the A tlantic) and Charles our condition twice a year, and it has been the custom of our board of Baber Jr., w ho have been elected Secretary and Treasurer directors to make at least one examination annually. Directors of respectively. The follow in g have also been chosen as ad banks are, however, generally men with large business interests of their own, and they almost universally find it impossible to devote sufficient time in bank examinations to make them satisfactorily searching and thorough. It was therefore recently voted by the direc tors of this bank to employ a firm of expert accountants to examine into the condition of the bank and make report to them direot. It is —Henry Zuckerm an and Harry S. Seeley have form ed a the report received by them that we are now sending you. co-partnership for the transaction o f a general comm ission The examination Involved the oonst nt labor of three men during business in stocks and bonds under the style o f Henry five business days, generally well into the night, which would at least Zuckerm an & Co. Mr. Zuckerm an is the board member. indicate that a thorough search had been made for every possible error The firm are specialists in Ann A rbor, Colorado & Southern, or discrepancy. We take genuine satisfaction in submitting this report to those who Evansville & Terre Haute, Iow a Central, K eokuk & Des entrust us with the oustody of their money. Hereafter a similar ex. Moines, Nashville Chattanooga & St. Louis, Pressed Steel amination and report will be made regularly onoe a year. By order of the board of directors. Car and Am erican Steel Foundry stocks. H. W. STEVENS, President. ditional trustees: * A . A. Raven, Lewis C. Ledyard and Charles M. Pratt. Mr. Raven is President o f the A tlan tic Mutual Insurance Company. — The Inter State Trust Company, w hich w ill shortly open — Mr. Louis N. Spielberger has been elected Cash er o f the in Jersey City, has elected the follow in g as officers: Presi dent, C. A m ory 8tevens; Vice-President, Burtis R. Arbecom , Consolidation National Bank o f Philadelphia, to"sncceed Mr. and Secretary, W infield S. Madison. The com pany has a Edwin H. W ebb. —The stockholders o f the Market Street National Bank of N ew Y ork office at 21 Pine Street. Philadelphia w ill meet on M arch 12 for the purpose of voting —The Jersey City Trust Company o f Jersey City, N. J ., in operation since October last, has purchased the site at the on an increase in the^gcapital frcm $500,0C0 to $1,000,000. ju n ction of Newark and Hoboken avenues known as the The sale price o f the new $100 shares w ill be $150 each, so F ive Corners. The com pany w ill build as soon after taking that an addition o f $250,000 w ill be made to surplus. possession (May 1) as possible. The price paid fo r the prop erty was $30,#00. Mr. John H. Coyle has been elected Sec retary and Treasurer o f the com pany to succeed Mr. G . R . Percy. —The stockholders o f the Second National Bank o f Orange, N. J., w ill hold a special meeting on March 2 for the purpose o f acting upon the proposition to increase the capital from $100,000 to $200,000. — The office o f Secretary o f the New Jersey Bankers’ A sso ciation, w h ich was left open at the initial m eeting on Janu — Mr. Simon A . Stern’ has [tendered his resignation as Treasurer o f the Finance Company o f Pennsylvania, Phila delphia. Secretary and Assistant Treasurer C. W . Funk w ill fill the office fo r the present. —The Keystone Bank o f Pittsburgh, w hich opened its own new building several months ago, has added to its business a savings department in charge o f Mr. W . F. Bennett. —The Chester County Trust Company o f W est Chester, Pa., makes a good showing fo r the past year, the second o f its ex istence. The gross earnings fo r the year 1902 were $35,296; F e b r u a r y 7, 1903.J THE CHRONICLE. the net earnings for the same tim e were $16,201, making total net earnings to Decem ber 81 1902 $32,059, out o f which $20,000 has been set aside by the board o f directors fo r sur plus. The report shows $486,000 deposits; also over $100,000 trust funds on hand. W illiam P. Sharpless is President, L, K. Stubbs, Secretary and Treasurer. 318 directors o f the Hibernia Bank & Trust Company o f New Orleans. — The Am erican Savinge Bank Company o f Cleveland has been incorporated, with a capital o f $50,000. The bank w ill ocate in the neighborhood of Lorain Street and Clark A venue, and will begin business w ithin the next few months. —Mr. J. N. Thompson replaced Mr. J. A . S chm itt as a di — The proposition to consolidate the Citizens’ Savings & rector o f the W yom ing V alley Trust Company o f W ilkes- Loan Association and the Savings & Trust Company, both o f barre, Pa., at the recent election. Cleveland, was form ally ratified by the stockholders o f the — The Merchants’ National Bank o f A llen tow n , Pa., whose two institutions on M onday, and the consolidation became application for a charter was approved by the C om ptroller effective on W ednesday. The com pany form ed out o f this last spring, is now about ready for business and has fixed consolidation, as we have before stated, is the Citizens’ upon March 26 as the opening date. The management w ill Savings & Trust Company, the capital o f which is $8,000,000. consist of Hon. F . E. Lewis a3 President, Thomas J. K och as —A new national bank is p rojected fo r St. Paul, M inn., V ice President and C. O. Schantz as Cashier. The bank’s with a capital o f $200,000. Mr. Joseph L ock ey, Cashier o f capital is $200,000. the National G erm an-Am erican Bank, is slated for the presi —A new B altim ore bank, the M ercantile Bank o f Balti more, began business on Monday at 1206 W est Baltimore Street. The authorized capital is $350,000, o f w h ich amount $35,000 has been paid in. Mr. James P. H ealy is the Presi dent; W . L . Cooney, Vice-President, and C layton Cannon, Cashier. dency and L. H. Ioklen o f the Northern Savings Bank as Cashier. —The Executive Com m ittee o f the V irginia Bankers’ Association held a meeting in R ich m on d last week, at which it was decided that the organization’s annual session w ould take place at L ynchburg on June 18 and 19. and each contains 16 pages. The opening paragraph o f the “ Book A b ou t Safe Deposit C om panies” states that “ the o b ject o f this paper in the main is to collate all o f the authori ties w hich are obtainable to show what are the duties o f a safety deposit com pany to its clients, how far it is called upon to protect them, and lastly, w hat, if any, are its duties to the public.” The other tw o books, as their titles im ply, treat o f the business of a trust com pany and the disputed title to a piece o f real estate, and tend to show the value o f em ploying a trust com pany in the various capacities in w hioh it is em powered to act. The W isconsin F i lelity is a com paratively new institution, its organization dating from A ugust 1901. Tne officers are: President, Mr. H ow ard Greene; V ice-P resi dent, James K . Ilsley; Secretary and Treasurer, John M. W . Pratt, and Assistant Secretary, E. W . H ow land. —January 27 A . D G rant w ithdrew from the brokerage firm of A . G Edwards & Sons, St. Louis. The rem aining partners—George L. Edwards, H arry F. K night and Jay Herndon Sm ith—continue under the old firm name. Mr. —The Com ptroller has approved the application fo r organi Grant contemplates opening an independent brokerage office zation of the Am erican National Bank o f W ashington, D. C., about March 1. with a capital o f $200,000. The report that a con trollin g in — The W isconsin F idelity Trust & Safe Deposit Company terest in the new institution is to be held by Messrs. John L. o f Milwaukee is distributing three com panion pamphlets — W illiam s & Sons of R ichm ond is denied b y Col. R obert N. one “ A Book A bou t Trust Companies,” another “ A Book Harper. It is stated, however, that tbe concern w ill be rep A bout Safe Deposits ” and the third “ C roker’s H istory o f a resented in the bank’s organization. T itle.” The books are bound in drab, brow n and red buckram, — Mr. R obert G oldthw aite, President o f the M erchants’ & Planters’ National Bank o f M ontgom ery, A la., died o f pneu monia on January 31, after a fe w days’ illness. Mr. G o ld thwaite, w ho was 60 years old, had been prom inent in bank ing circles of M ontgomery nearly all his business life. In 1870 the banking firm of Holmes & G oldthw aite was organ ized, which was later merged in the Merchants’ & Planters’ National, Mr. G ffd th w aite becom ing President fifteen years ago, at the time of the death of Mr. W . D. P eck . —The South Chattanooga Savings Bank o f Chattanooga, Tenn., has changed its name to the Ham ilton Trust & Savings Bank and increased its capital from $50,000 to $100,000, as we stated in N ovem ber last was the intention. The com pany has installed safe deposit vaults and otherwise im proved its facilities for developing th9 trust department w h ich is to be added. — The Old National Bank o f Oshkosh, W is., began business on Monday as successor to the National Bank o f Oshkosh, whose charter expired on the 1st inst. The new bank has a capital o f $300,000 and a surplus o f $100,000. It has added a savings department and interest w ill be paid on deposits o f one dollar and upward. The officials are Mr. E. P. Sawyer, — A ccordin g to the “ Savannah N e w s ,” the matter ot co n President; Charles Ssribner, .Vice-President and Cashier, and solidating the National B in k o f Savannah and the Merchants R. P . Finney, Assistant Cashier. National Bank (both of Savannah) has been dropped, no plan —Mr. Thomas A . Cosgriff, President o f the First N ational having been devised w hich met with the approval o f all con Bank o f R aw lins, W y o ., has purchased a controlling interest cerned. in the First National Bank o f Cheyenne, W y o , capital $100,—It has been arranged to consolidate the Central Trust 000. Mr. Cosgriff has also assumed the Presidency o f the Company and the Cleveland Savings & Banking Company of Cheyenne Bank, Mr. Trum an B. Hioks having retired. Mr. Cleveland. The first named has a capital o f $1,000,009, while George E. A b b ott remains a3 Cashier. the Savings & Banking Company is capitalized at $50,000. — Mr. Adolph C. W eber has retired as President o f the The par value in each case is $100 per share. The basis of H um boldt Savings & Loan Society o f San F rancisco, Cal., consolidation, according to the local papers, w ill be as fo l and Mr. G eorge H. Lnchsinger has been chosen as his su c lows : T h e Central Trust will reduoe Its capital of $1,000,000 on^-half, the cessor. $500,000 called In to be paid for at 120 In oertlfloates o f deposit bear ing 4 per cent interest, payable In 6, 12,18, 24 and 36 months. Stock of the Central Trust to the par value of $100,000, held by H. D. Mes siok, as trustee, will be turned over to present stockholders o f the Cleveland Savings & Banking Company at 120. The latter w i l l In crease Its capital from $50,000 to $100,000 and its surplus of about $10,000 to $20,000, giving the stock a book value of 120. As the Cen tral Trust haB a surplus of $200,030, whioh will be reduoed to $30,000, this will give the combined interests a total capital stook of $500,000 and a surplus of $100,COO. The principal office of the consolidated institution w ill be located in the quarters of the Central Trust Company. The officers agreed upon are: President, D. H. K im berley; V icePresidents, R . H. Jenks, Horace W . Pow er and J. H Champ; Secretary and Treasurer, E. W . R adder: Assistant Secretary and Treasurer, H. D. Messick, and Chairman o f the Board, J. H. Champ. —Messrs. James H. Hyde and Gage E. Tarbell, o f the Equitable Life Assurance Society, were this week elected —The Little R ook Trust Company o f L ittle R ock , A rk ., which is owned by the suspended Bank o f L ittle Rock, also closed its doors at the tim s o f the failure o f the latter on January 20, but reopened again on January 24. It is stated by the officers that the trust com pany has assets in excess of liabilities o f about $33,000. —The name o f the Germ ania T rust Com pany o f San F ran cisco was form ally changed to the Central Trust Company at the stockholders’ meeting on the 29th nit. The increase in the capital, which was also proposed, wa3 likewise made, so that the paid-in amount is now $1,500,000, with a surplus of $225,000. —The Germania National Bank o f San Francisco, which is identified with the Central Trust Company o f San F rancisco, received a certificate o f incorporation from W ashington under date of January 26. The officers of the barik are NV. A. Frederick, President, and F. Kroaenberg Jr., Cashier. THE 314 CHRONICLE — The P ioneer T rust Com pany o f Kansas C ity, M o., m en tioned in onr issue o f D ecem ber 27, opened its doors on Jan uary 20. The com p an y has a capital and surplus o f $500,000 each. A general trust and ban kin g business w ill be transacted, savings accou nts being a llow ed 3 per cen t per annum and deposits su b je ct to ch eck 2 per cen t per annum . The officers are: President, W a lton H . H olm es; V ice-P resi dents, F . C. M iller, C. F. H olm es and C, S. d e e d ; S ecre tary, G eorge B radley; Treasurer, H enry S ch w itzgebel; A s sistant Treasurer, H enry T eal, and C ounsel, E. L , Scarritt. A ll o f the above (w ith the excep tion o f A ssistant Treasurer Teal) are m em bers o f the board, w h ich also contains the names o f O akleigh Thorne, P resident o f the N orth A m erican Trust Com pany o f this o ity ; M yron T. H errick o f Cleveland, Stephen H. V elie J r., T reasurer o f the John Deere P low C om pany, e tc., etc. The com p a n y’ s quarters are in the N ew E ngland B uilding, co rn e r N in th and W yan dotte streets. — A new trust com pan y, w h ich w ill be ready to enter the field in about a m on th , has been organ ized in St. P aul, Minn. The com p an y’s con nection s are p articularly strong, its board con tain in g besides others the names o f Messrs. K enneth Clark and C. H . B ig elow o f the M erchants’ N ational Bank o f St. P aul. T he new institution has been in corporated as the N orthw estern T rust C om pany, the am ount o f its capital stock bein g $200,000. T he officers chosen are : President, M r, E. H. B ailey (V ice-P resid ent o f the F irst N ational B ank o f St. P a u l); V ice-P residen t, R o b e rt R. Dunn ; V iceP resident and counsel, H aydn S. Cole. — T he Farm ers’ & M erchants’ Bank o f W en atch ee, W ash ., w ith a capital o f $25,000, began business on the 19th ult. Mr. I. M. Tom pkins is the m anager. The bank’s corresp on d ents are the L on d on & San F ra n cisco Bank, L td ., o f Seattle, T acom a, P ortland and San F ran cisco, the Chase N ational B ank o f this city and the F irst N ational Bank o f C hicago. — W a lk er Bros., bankers, o f Salt Lake C ity, U tah, hereto fore a private banking concern, has been in corp ora ted under the above title. The capital has been m ade $200,000, in shares o f $100 each. The officers are: President, Mr. M . H. W a lk er; V ice-P residen t, Thom as W e ir; Cashier, L . H . Farns w orth ; Assistant Cashiers, E dw ard O. H ow a rd and John H. W alker. [V ol. LXXVI. the leading cities. It w ill be observed that as com pared w ith the corresponding w eek o f 1902 there is an increase in the aggregate o f 8'6 per cen t. So fa r as the individual cities are concerned, N ew Y ork exhibits a gain o f 10’3 per cent, P hila delphia 15‘ 1 per cent, B altim ore 6 ‘9 per cent, C hicago 7*6 per cent and N ew Orleans 26-5 per cent, Boston records a loss o f 6f7 per cent, and St. L ouis 3*0 per cen t; Clearings—R etu rns by Telegraph. W eek E nding F ebruary 7. 1903. 1902. Sew Y o r k . . . . . . . . . ------. . . . . . . . . . . . . . . B oston .________ ___________________ . "feiiadeiphia....... ..................................... B altim ore............................. . C h ica g o ..„.............. ........... . . . . . . . . . . . . . St. L o u is ....... ....................... ..................... t e w O r le a n s ,............................................. *1,811,178,028 120.895,162 104,793,106 20,680,924 189.925,317 41.281,894 14,263,443 $1,186,776,237 129,613,954 91,033,413 19,322,183 130,052.224 42,517,943 11,274.619 +10-6 -6 -7 +15-1 +0-9 +7-0 -3 0 +20-5 S even c itie s, 6 d a y s .......................... >ther citie s, 6 d a y s ................................... *1,752,94? 87S 296.243,641 *1,610,590,578 257,491,716 + 8-7 +15*0 T o ta l all c i t i e s ,6 d a y s . . . . ............ i l l citie s , 1 d a y ....... ................... *2,049,191,519 402,092,923 *1,808,082,294 888,944,977 *2,461,234,442 *2,267,027,271 T o ta l a ll c it ie s f o r w e e k .................. P . Cent ’ +9+ 4-3-4 + 8-0 Our usual m on th ly detailed statem ent o f transactions on the various N ew Y ork E xchanges is appended. The results for the m onth o f January are given below , and fo r purposes o f com parison the figures fo r the correspon din g p eriod o f 1902 are also presented. J a n u a r y , 1902. J a n u a r y , 1908. O e tcrip U en . P a r V a lu e o r Q u a n tity A ctu a l V a lu e . A v e r ’ge P a r V a lu e P r i c e o r Q u a n tity 10,001.22* 1,204,503,219 Stock | 795 *1516,264,050 *66,701,500 *02,408,914 98-0 &R. b o n d s.. *75,002 109-1 txa.ooo S o v ’ t b on d s $44,715 3 4 5 *129,600 State b on d s *65, *00 $168,171 904*7, Bank s to ck s T o t a l . ... »15S*,243,160 1,207,285,012 35,241,818 45,811,000 Grain, bnsh. 80-1 A c tu a l V a lu e. 14,770,223 1,089,582,010 75-0 1380,108.000 *92,487.000 *78,909,874 80-0 *111,000 *124,482 112-1 *182,000 *170.133 93-5 *17,050 508-8 $8,000 1478,891,600 1,118,893,505 76-3 58,490,706 82 16-16 70,664,850 TIC. 1,302,620,830 T o ta l v a lu e . A v e r ’ge P r ic e . 1,172.390,210 T he volu m e o f transactions in share properties on th e N ew York S tock E xchan ge each m on th since J u ly 1 in 1902-08 and 1901-02 is in d icated in the fo llo w in g : SALES OF STOCKS AT NEW YOKE. STOCK EXCH AN G E. 1902-03. 1901-02. V a lu e s . Month. N u m b e r o f S hares. P a r. A c tu a l. N u m b er o f S h a res. V a lu es. P ar. A c tu a l. * * t « J u ly .... 16,352,281 1.657.687.075 1,301,476.911 16.024,668 1,577,408,460 1,215,378,902 A ugust 14,314,027 1,874,688,125 1,068.788,902 10,778,081 1.055.617.850 832,061,498 S e p t.... 20,972,263 1.983.978.076 1,008,274,817 13,990,195 1.380.178.850 1,007,337,001 3d qr. 51,039,111 4,910,263.875 3,976,540,090 40,788,884 4,018,104,950 3,114,778,001 — T he stockh olders o f the A m erican N ation al Bank o f San F rancisco have authorized the proposed increase in capital fro m $500,000 to $1,000,000. The 5,000 shares are to be dis posed o f at $125 per $100 share, thus creating a surplus o f $125,000. O c t . . . . 10,301,124 1,618,990,400 1,265,407,018 14,030,082 1,871,780,450 1,049,728,428 N o v .... 17,120,002 1,019,488,250 1,808,080,104 18,314,902 1,748,173,850 1,459,016,487 D e c .... 15,718,607 1,477,028,960 1,244,810,002 10,760,985 1,595,101,000 1,341,086,291 C anad ian B a n k C le a rin g s —The C learings o f th e Can adian B anks fo r the m on th o f January, 1903, sh ow a gain over the correspon din g m on th o f 1902 o f 11*9 per ce n t, all cities ex cep t H a lifa x re co rd in g gains. The fo llo w in g com p ila tion cov ers the clearings b y m on th s since J u ly 1. 4th qr. 49,205,853 4,611,106,800 3,818,283,118 49,102,029 4,716,060,800 3,849,830,206 Jan 1903. 1902. 16,001,222 1.616,264.950 1,204.608.219 14.779,223 1.380.108.600 1.089,682,010 MONTHLY CLEARINGS. C le a r in g s .T o ta l A ll. C lea rin g s a t — H a iifa x..7 ...................... Q u e b e c........................... St. J o h n .......................... V i c t o r i a .......................... 1803 $ 80,000,000 75,732,312 19,045,633 7,805,925 8,735,365 5,774,593 4,560,468 4,375,347 3,630,231 2,602,885 212,322,759 I n . or D ee. 1902. $ 74,995.532 64,211,527 14,363,381 8,440,112 7,196,789 4,934,096 3,847,456 3,832,263 3,236,392 2,783,531 % + 6-6 4-17-9 +32-6 -6 -8 +21-4 --17-0 --18-5 --14-2 -1 22 —6-5 189,841,079 +-11*9 1901. $ $ 71.115,879 54,299,221 9,623,466 8,093,213 62,853,000 45,114,610 9,906,607 6,707,487 3,369,848 3,684,712 3,092,278 3,257,697 3,168,201 3,742,004 3,038,898 2.704,318 156,536,314 137,230,125 M o n t r e a l...................... T o r o n to .......................... W i n n i p e g ..................... H a li f a x .......................... H a m ilto n ....................... St. J o h n ........................ V ic t o r ia ...................... V a n c o u v e r ................... Q u e b e c .......................... L o n d o n .......................... T o t a l C an ad a........... 1902. $ $ 19,006,236 15,216,442 14.624,256 11,969,264 2,384,332 3,858,710 1,454,151 1,473,785 1.330,451 689,609 663,416 660,690 465,320 584,891 1,071,391 714,372 1,146,788 997,119 1,618,736 1,251,117 636,453 N ot in clud e 45,059,026 35,822,050 I n c . or D e c. % 1901. 1900. * 13,813,220 7,871,110 1,702,898 2,000,000 608,218 637,546 533,696 699,783 jg 12,007,712 9,060,663 1,727.569 1,449,088 813,443 558,691 481,480 624,930 26,846,501 20,723,582 +24-9 +22-2 +61-8 —1-3 +49-4 +0-4 +25-7 +50-0 +15-0 +29-3 d in to tal. +25-8 1901-02. 1 J u ly ............ 10,179,774,277 A u g u st.... 8,952,680,431 Septem ber. 10,168,919,721 P .C t . * 9,809,784,498 +8-7 7,990,688,438 +12-0 7,971,256,368 +27-5 1902-03. 1901-02. * 3,586,142,090 8,136,644,872 8,862,340,934 3d q u a r... 29,200,283,480 26,331,679,804 +15-6 10,084,128,002 W e e k e n d in g J a n u a r y 81. 1903. 1908-03. 1900. The clearin gs for the w eek en d in g Jan uary 31, also m ake a very fav orable ex h ib it, the excess in the aggrega te over 1902 h a v in g been 25-8 per. cen t. C lea rin g s a t— C lea rin g s O u ts id e N e w Y o r k . M o n th . J a n u a ry. C le a rin g s by T e le g r a p h .— S a les o f S to ck s, B o n d s, & c.~ The su bjoined table, co v e rin g clearings fo r the cu rren t w eek usually appears on the first page o f the C h ro n ic le , but on accou nt o f the len gth o f the other tables is crow d ed out once a m onth. T h e figures are received b y telegraph fro m P .C t . * 3,287,864,404 + 9-1 8,000,989,568 +2*6 2,924,121,819 +16-0 9,272,905,851 -t-8-8 3,869,983,037 8,585,703,530 3,557,166,510 3,485,179,087 3,723,080,281 3,495,097,494 + 7-9 +*T +0-7 4th quar.. 88,167,901,754 29,200,399,104 +7-4 11,155,760,428 10,505,980,161 +5-0 1903 1802. 11,088,989.021 10.059,438,830 1903. 1902. 8 902.801,568 3.730.020.128 +4 8 O ctober ... 11,306,778,070 N ovem b er. 10,090,4*4,151 D ecem ber.. 9,894,898,927 January 0,686,220,691 +10-2 9,863,307,240 + 2-6 9,810,871,387 +0-9 +4-0 T he cou rse o f bank clearin gs at leading cities o f the cou n try for the m onth o f January in each o f the last eight years is show n in the su b join ed statement. BANK CLEARINGS AT LEADING CITIES IN JANUARY. (000,000* o m i t t e d .> 1903. % 1902. 1901. $ % 1900. 1899. 9 $ 1898. $ 1897. $ 1896 S Sew Y o r k ... 7,186 6,929 7,401 4,665 5,691 3,690 2,589 2,562 734 760 619 589 429 652 Ohloago....... 318 389 670 648 603 592 611 508 423 Boston........ 391 510 460 545 418 327 416 265 Philadelphia 305 233 215 179 145 126 114 144 111 S t.L o u is . . . . 80 195 199 169 130 66 93 68 P ittsbu rg.. . 106 91 128 05 83 67 56 56 San F ran ’o o . 106 107 103 92 83 107 66 67 B a ltim ore... 90 57 107 89 73 66 50 53 Cincinnati... 44 90 89 75 49 58 47 45 Kansas City. 62 56 49 42 31 71 26 27 C levela n d ... 33 42 62 61 47 34 43 25 Minneapolis. 53 74 60 77 53 53 46 50 Sew O rleans 44 31 46 69 40 36 23 28 D e t r o it ...... SO 44 41 35 28 29 51 43 L o u is v ille ... 23 29 20 33 31 27 18 31 Omaha......... 25 33 26 85 29 27 37 31 P roviden ce.. 33 25 23 20 21 36 28 29 M ilw aukee.. 27 20 21 23 19 17 28 Snftalo......... THE CHRONICLE F e b r u a r y 7, 1903.] (000,000s omitted.) Bt. P a u l....... D enver ....... Indianapolis R lo h m o n d .. M em ph is___ S e a ttle ......... S. Lake City H a r t fo r d .... 1901. $ 22 20 17 18 17 9 14 13 1902. 1903. $ 28 19 28 19 21 16 14 14 24 22 23 21 16 12 15 14 1900. $ 22 21 15 15 13 8 10 14 1899. $ 19 14 14 16 11 5 11 14 1898 . 1897. 1896 $ $ $ 17 13 19 12 11 13 11 9 10 11 11 11 15 9 11 6 2 2 7 6 7 13 13 12 T o t a l......... 1 0 .6 0 1 1 0 .2 2 9 10,343 7,301 330 430 365 488 Other citie s.. 8,217 276 5,769 230 4,296 195 4 ,3 9 0 219 7,631 2,966 8,193 2,802 6,005 2,315 4,491 1,902 4,609 2,047 T o ta l a l l ... 11.089 10.659 10,708 Ontalde N .Y . 3,903 3,730 3,307 R n c l l i h F i n a n c i a l H a r K d i - P t r C a b le . The dally closing quotations for securities, e tc ., at London are reported by oable as follows for the week endingFeb, 0: LONDON, Silver, per ounce....... d. Consols., new. 2% p.ots. For account.......... . Fr’ch rentes (InParis) f r. Spanish 4s......... . Ahaoonda M ining....... Atoh.Top. St Santa Fe.. Preferred.................. Baltimore A Ohio. . . . . . Preferred............. . Canadian Pacific_____ Chesapeake St Ohio___ Chloa. Great Western.. Ohle. Mil. A St. Paul... Den. & Rio G r.,eom .... Do do Preferred, Erie, oommon............ ... 1st preferred............. 2d preferred....____ Illinois Central............. Loulavllie A Nashville.. Mexioan Central.......... Mo. Kan. A Tex.,oom .. Preferred................... National R R . o f M e x ... Preferred.................... * . Y. Gent’l A Hudson.. N. Y. Ontario A West’n Norfolk A Western... . Do do pref Pennsylvania................ •Phlla. A Read.......... •Phlla. A Read, ,1st pref. •Phlla. & Ready 2d pref. Southern Paolflo........... Bouth’n Railway, com. Preferred.......... .......... Onion Paolflo..... ....... Preferred................. U. S. Steel Corp., com.. Do do pref.. Wabash.................. Do preferred.. . . . . . Do Deb. “ B ” ......... Tun. H on. Sat. T k u rt. W td. Fri. 22 21% 2 2 i ,6 21% 21% 2 1 « i* 933ie 93 93 93 93 93% 93% 93% 93% 93% 93% 93% 1 0 0 1 0 100 00 100-12 1 0 0 1 0 0 0 0 7 % 0 0 0 7 % ..... 6% 89% 102% 103 98 140 63% .... 5% .... 5% 89% 102% 103 90 102% 103% 98 140% 63% 28 182% 41 91 42% 74% 63% 149 129% 26 28% 61% 19% 39% 155 35% 76% 66 76% 31% 44% 38% 66% 37 98 104 98 139% 58 26 28 182% 41 90% 41% 73 60% x l4 9 % 129% 26 28% 62% 19 37% 154% 34% 75% 95% 77% 31% 44% S8% 65% 36% 97% 103% 95% 38% 89% 30 45% 79 181% 41 90% 42% 73% 60% 150 129 25% 28 62% 19 38 154% 34% 76 95% 77% 31% 44ig 38% 65% 86% 97% 103% 95% 38% 89% 30% 46 79 se 38% 89% 31% 47% 81% .... .... 5% 90% 103 104% 98% 141 64 29 184 90% 102% 105% 98% 140% 53% 28% 182% 4X 91 42% 74% 64% 149% 129% 20 28% 61% 19% 39% 154 .... 5 1* 90% 103 104% 98% 140% 54 29 183% 41% 41% 92% 91% 43 42% 75% 75 06 65% 150% 150 130% 130 26 26 29% 29 62 62% 19% 19% .... 39 164% 154% *5% 35% 76% 77% 96 96 77% 77% 33 83% 45 46% 39 39% 67% 67 37 37% 97% 97% 105% 104% 96 97 40 40% 91 91% 31% 31% 19 48% 82% 82 35% 76 96 77% 31% 44% 38% 66% 36% 97% 104% 96 39% 90% 31% 48% 83 * Prloe per share. Total receipts at ports from Jan. 1 to Jan. 31 compare as follows for four years: R ecoip t Of— f lo u r .............................. b b ls . 1913 1.834.667 1902. 2.019,786 1901. 1,064,812 19C0. 1,886,939 SVheat....................... bO»h. 9.071,623 11,592,070 M 6 0 .4 37 7,886.057 1,863408 4,^35 122 9.901.682 23,126.894 6,829,182 6.668.639 16.069,616 6,319,848 lo r n .............................. la ta ............................. *• iyft............................... " 877,688 62,448 209,647 191,437 Total (train........ " 20,003,020 14,321,072 40,448,776 80,646,427 w a is t, Wheat. Flour. Com. Oats. Barley. five. Bbls.190 lbs ButhM) lbs Bush. 50 lbs Bush.32lbs Buth.iS lbs Bu.50 lbs Oklaago........ R llw a u kse. D tin tb . .. . E lnn sapolti. T oled o......... O ltreland ... fit. L o n li . . . . P e o r ia .......... Kanaas Olty. TOt.Wk.1903 dam* w k.’(2. Same w k.’Ol. Bin** Aug. 1 . 1302-03.......... 1301-02........ 1900-01. . 142,601 44,600 4,200 17 800 40.446 20,100 209,000 816,344 208,396 414,405 2O9.0UO 201,006 2,175.030 98,000 66,172 21,285 443,874 J 9 ,8 » 524,800 2,348,603 47,600 4,187,211 2,735 593 2,610,132 5,872,400 2,220,348 6,051,915 006,000 521,550 17,892 219.040 2,507,400 276,900 I 76,716 180,810 682,140 462,000 B7,98o 90,186 52 645 209,307 90 528 980,890 502,960 477.160 814,800 580.480 268,300 4,713,099 2,080.008 2,940,384 102,000 110,700 ........... 1,677,782 663,838 550,370 55,100 19,80< 1,868 84^0(0 7,400 45.900 9,700 ......... 173.204 70.048 07,397 11,590,108 180,214,074 77,910,265 107,401,030 39,271,065 7.018,358 11.829,712 109,027 693 77,990,890 84,899,978 83,014.393 4,004,515 lO.4O2.b06 149,490.893 117,202.137 94.386 813 82.188,651 3,198.580 The receipts of flour and grain at the seaboard ports fo» the week ended Jan, 31, 1903, follow: S m ie tia t N tw Y ork ................ R u to n ..................... M on trea l.................. P illadelpniao............ B fitlm o re .................. alah m on d...... ........... Saw O rleR n»*„........ Newport N ew i........ Norfolk....................... w a l w t o n .................. P >rtl(ind. M#............. P em aoola.................. M obile........................ S t.J oh n , N. B........... F lou t. 84,634 38,720 8.654 09,280 04,011 946 10,286 00,783 714 3,931 1.821 12,060 W a ia l, 352 450 170,889 4,872 19,.''09 b7,006 68,616 75.000 40,000 14,819 45,092 204,186 40.000 Corn. buth 394.000 165,918 390.182 790,166 a,680 629,726 107,671 100,300 750 05,394 — — ■- — ■ . Total w eek.......... 858.080 1,188,791 2,653,581 V eek 1902.................. 878,385 1,204,090 404,802 0 * t*. b u t* B a r le t bush 430.009 79,200 40,738 65 179 70,206 10,168 36,000 ........ tf ' 184,100 45,482 3.308 8.000 ' 76,082 ' 45,482 but . 4,600 15,048 1,000 8,605 18,708 ■ — 820,004 872,504 ■ — 244.185 37,000 —. — — 39,053 9,168 * Bsoalpt* do n o t ln e ln d t grain s a ilin g through N iw O rlaan i fo r t o m a n s c m on th rough bllla o f la d in g . Corn, Bmporte from — lu sh . Naw Y o r k ....... Boston............ Portland, M e. 'k ila d a lp h la .. laltijn oro....... law O rleans.. Norfolk .......... n w v 'r t Nawi >a)T**ton..... Pemaaoola. ... M otile............. I t . J oh n .N .B . 806,848 888,095 204,186 881,063 274 937 8-2.020 .... 880,000 14,310 40,000 28-*,027 40,000 65,304 1,517.887 107,671 110,714 B een , lit* , b u th bush. 87.391 18.488 8.031 03.700 30,872 30,010 714 60," 83 7,894 442,296 877,107 071,418 .......750 0 a te, F lo u r, hble. b u lk . 319,406 77,785 Total w e e k .. 1,630.816 2,407,500 Same tim e ’08.. 1,817, i 51 450.431 33,212 820 76,082 14,548 Barley bueh bueh. 7,030 10,742 11,838 46,48* ............ ............ 8,805 8,480 ............ 660 0,320 ”"*1.821 12,656 ............ 18,708 330,060 201,007 135 302 06,000 28,047 27,353 16,171 08,224 The destination of these exports for the week and since inly 1,1902, la as below: Bsrporte fo r .--------- Flour.--------- , --------- Wheat.-------- - ■---- -Corn,------------- , Week Since July Week Since July Week Si-rue J u ly 1, 1902. Jan. 31 l, 1902 Jan 31. 1, 1902. wwli and since Jan. 31. S*pi. 1 (a— United Kingdom hi.it. hble. 187,267 6,210,002 lonttnant........... 1. St C. A m e r ic a . Vast Indie*...... tr.Jj.Ajn Oolo'fl lth e r conntrlei bush. 851.404 760,226 ....... 71.693 1,799.894 25.540 679,431 44.366 751,048 607 134.911 767 683,226 ........... bush buth. truth. 46,183,979 1.638.938 12,7*7,78* 85,244,133 748.9U 8,642.074 8,935 647 67.601 250 18,669 480,695 .............. 1.600 127,586 101,831 616 1,238,849 680 419,026 1,039 210 82,675,745 2,407,500 22,414,909 1,817.151 98,481,722 450,481 21,130,854 Total............... 330.040 10,058,511 ro ta ll9 e i-0 2 ..., 291,697 9.620,136 The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and eaboard ports, Jan. 31, 1903, was as follows: W h ea t, O ern, im ita r ia tbulk. bueh. tew Y o rk ................... 2.868,000 271,000 Do a flo a t... ...................... loflton ......................... 1,157,000 105,000 ’ k lia d iip h ia .......... . 07,010 180,000 3alttmore................... 285,000 042.000 lew Orieanc........ .. 700,008 795 oon 672,000 JoJrerton .................. 218,000 Montreal...................... 42,000 43,000 7oronto........... 20.000 toflalo.......................... 8,449,008 Do afloat............................ 200,000 ’ OledO ....................... 1,023,000 059.000 8 •trolt.......................... 56l,o(w IklaagO........................ r.270.00'’ 2,000.000 296,000 Do afloat......... 170,000 4Uwankee. ........... 582.eo« 44,000 r u w u i’m * P t.A rth n r 8,269,000 'm in ts .......................... 3.996.000 i.ooo MUnmeapoU*................. 15,147,000 81,000 St. L ost* ...................... 8,829,000 059'O fl Do afloat.......... .......... 100.000 K a u a i C ity ............... 1,913.000 613.000 Peoria.......................... 810,000 442,900 173,000 Indianapoll*................ 300,000 •a MUaiMippi H ir e r .................. 121,000 48.447,000 8,290,000 O a t i, bueh 670,000 i l l bUt't28.000 12,000 lll.u '.O 08,0 Oo 152,000 65,000 5,000 120,060 3,000 87,060 76,000 889.066 808 ion 07,000 612,000 18. COO 85.000 847.000 61,000 1,000 257,000 40,000 298.000 427.000 058,000 70,000 60,000 100.OSC 23,000 359.000 419.000 106,000 324,000 15,000 00,000 2,000 4,030 >00 095,0r 0 ...... B r r le t beieb. 218.000 64,000 2,000 2,817,000 D I V I D E N D S . N am e Receipts at— 801,807 The exports from the several seaboard ports for the week rading Jan. 81, 1908, are shown In the annexed statement: is cell ancmis Urw s Breadstuffs Figures Brought from Page 3 4 0 —The statements below are prepared by us from figures collected by the New York Produce Exchange. The receipts at Western lake and river ports for the week ending Jan. 31, and since Aug. 1, for each of the last three years have been: " • l a r l e r ....................... T tai Jan. 81. 1903 Commercial and 315 0} C o m p a n y. P er W h en Cent Payable B ook* d o te d . ( D a y s I n c lu t i t e .) R n llr o a d a (S te a m ). Baltim ore * Ohio, co m .............................. 2 Mar 2^ Feb 15 to do do p ref.............................. 2 Mar 2 Feb 15 to Chestnut H ill (q u a r.)................................. 1% Mar 4 H olders of reo. C leveland * Pltteb guar. (qu ar.)........... 1% M ar 1| H olders of reo. N orth ern P acific (q u a r.)........................... 1% Feb 2 H olders of reo. do do (e x tra )........................... % Feb 2 H olders of rec. Phlla. G erm antow n <fc Nor. (q u a r.)___ 3 Mar 41 H olders of reo. Pere M arquette, pref................................. 2 Feb 16 F eb 7 to Reading, 1st p r e f........................................ 2 S i r e e i R a ilw a y s . M etropolitan W est Side El., Chic., p f.. 1% Feb 23 F eb 15 to N ew ton v. (M ass.) & W a tertow n ........... 3 00 Feb 1 ................ Philadelphia Co., P ittsburgh, p r e f........ 2% Mar 2 H olders of reo. H an ks. Bank of the M anhattan C o..................... 6 Feb 10 Jan 30 to F ir e In s u r a n c e . Com m ercial U n ion ..................................... 2% P eter C ooper................................................. 6 Feb 2 ................ A m erican Radiator, pref. (q u a r.)........... 1% Feb 141 Feb 8 to Diam ond M atch (qu ar.)............................. 2 tj Mar 12 Mar 3 to N iles-B em ent-Pond, c o m ........................ 21 Mar 20 M ar 15 to do do do pref. (q u a r .)......... 1% Feb 14 Feb 6 to P eople’ s Gas L. <fc Coke (quar.).............. 1% Feb 26|Feb 17 to Pratt <fe W hftney, pref. (qu ar.)............... 1% Feb 14lFeb 6 to t A lso 2 p e r lje n t pa ya b leT u n e 80i M ar 1 M ar l F eb 20 F eb 10 Jan 28 Jan 28 F eb 20 Feb 16 F eb 10 F eb 9 F eb 14 M ar 11 M ar 20 Feb 15 F eb 26 F eb 15 Auction Sales— By Messrs. Adrian E . Muller & Son Stocks. 100 B roa d-E xoh a n ge Oo., oom m on ............ $ 2 0 p er share 133 Bank o f the M etropo lis..............................411 to 500 250 Quassalo National B ank o f N ew burgh, N. Y ....... 140 16 Em pire City F ire Ins. Co. 95 200 M erohants’ Nat. B ank ..1 8 2 60 C entral R ea lty B ond & Trust C o ..................... 600-603 50 G uardian T rust C o ......... 200 15 B’ w ay Safe D eposit C o .. 76 10 Plaza B a n k ........................ 624 100 M echanics’ & Trad. B k ..l6 0 % 45 Central Nat. B ank.180% -180% 5 0 Nat. Shoe <fr L eather Bh.175 10 Nat. Park B ank.................667 30 Second N ation al B ank o f J ersey C ity ................. 175 100 R eliable Steam P ow . Oo. 42 Stocks. U S. M tge. & Trust C o . . 500 Tefft W eller C o., p r e f___ 93% F ourth N ational B a n k ..235 T itle Guar & T rust C o .. 630 S tu yvesan l H eights B ’ k o f B r o o k l y n ...................160 5 M ercan tile Trust C o .........1170 2 N ational City B a n k .........300 5 P h en lx Nat B a n k ...........129% 1 20 5 10 25 Bonds. $ 5 ,0 0 0 Sloss Iron A Steel Co. 1st m ortgage 6s. 1920___ 1 1 0 % $ 2 0 ,0 0 0 United N. J R R . <fc C anal Oo. 4s, MAS. 1 9 2 9 ..1 1 2 % $ 1 0 ,0 0 0 “ J u d g e” Co. pu roh. m o n ey 4s, Class “ A ,’ ’ 19 0 9 38% $ ! 0 ,0 0 0 Am er. Ice Co. o o ll. trust 5s. 1922, A A O ............. 30 $>.000 B roadw ay & 7th A v e . R R. 1st 5s, 1904....... 10 0 % A lnt. By Messrs. Richard V , H arnett & Co.: Stock. 1,083 H olla n d T ru stO o. (See Item lnCHBOWlCLB.V.76, p. 1 8 7 ),.5 1 -5 1 % THE CHRONICLE 316 New York City Clearing House Banks.— Statement of condition for the week ending Jan. 31, based on average of daily results. W e o m it two c ip h e r s ( 0 0 ) in a l l cases. BANKS. Bk. of N . Y . M an h at. Co. M e rch a n ts ’ M e ch a n ics ’ . A m e r ic a ___ P h o e n ix . . . C i t y ............. C h em ica l .. M e rch . E x . G a U a tin ___ B u t. & D ro v M e ch .& T ra . G r e e n w ic h . L e a th .M frs . 7 th N a t ___ A m e r .E x c h . C o m m e r c e .. B ro a d w a y . M e rca n tile P a c ifi c ......... C h a th a m . . . P e o p le ’ s . . . N . A m e rica H anover ... I r v i n g ........ C itiz e n s’ . . N a ss a u ___ Mar.tfc F u lt. S h oe & L th r. C orn E x c h . O rien ta l . . . Im p . & T rad P a rk ........... E a st R iv e r F o u r th ___ C e n t r a l ___ S e co n d ___ F ir s t ......... N .Y .N t .E x . B ow ery ... N . Y . Co . . . G erm a n A m C h a s e ........... F ift h A v e .. G erm a n E x . G erm a n ia .. L in c o ln ....... G a r fie ld ___ F ift h ......... B k . o f M e t .. W e s t S id e .. S ea b oa rd . . W e s t e r n ___ 1 st N .E k ly n L ib e r t y ........ N . Y .P r .E x N e w A m st. A s t o r ......... U n it. S tates C a p ita l. S u rp lu s. S pecie. L oa n s. $ 2 ,$ 8 6 ,0 1 7 .5 3 9 .0 2 ,$ 0 0 ,0 2 .310.2 2 1 .4 9 0 .0 2 .050 .0 1.289.3 1 2 ,515,9 2,000,0 2,000,0 2 .6 3 5 .6 1 3 .657.0 3 .447.2 2 0 .3 5 1 .8 1 .500 .0 4 .9 5 6 .0 317.9 1,000,0 2 5 .0 0 0 . 0 1 5 ,394,5 1 2 4 ,3 4 8 ,4 7 .3 6 8 .2 2 3 .9 8 0 .8 3 0 0 .0 5 .3 9 1 .4 306.9 600 .0 7.895.1 2 .1 1 9 .4 1 ,0 0 0 ,0 2 .8 6 7 .3 9 1 ,6 300 .0 3 .8 3 4 .0 367.1 700 .0 1.655.1 200 .0 21 1 ,0 4 .6 9 0 .3 661.3 600 ,0 6 .438.5 168.5 2 ,479 ,2 3 .546.3 2 8 .0 1 9 .0 6 ,000 ,0 1 0 .0 0 0 . 0 7 .9 5 9 .4 7 4 .963.5 6 .7 0 1 .6 1 .9 3 8 .8 1,000,0 1 .517.7 1 3 ,676,7 1 ,000 ,0 3 .2 0 2 .4 554.3 422 ,7 5 .9 3 3 .3 1 .041.4 4 5 0 .0 2 .1 6 2 .2 37 3 .3 2 0 0 .0 2 ,0 0 0 ,0 2,026,1 1 6 .4 8 7 .3 3 .0 0 0 . 0 6 .061.7 4 6 .2 2 9 .6 5 .8 2 3 .0 1 .0 0 0 . 0 1 .0 3 3 .5 5 .9 4 6 .9 1 .550 .0 632 .8 2 .7 1 3 .9 307.3 600 ,0 6 .452.7 1 .095.2 9 0 0 .0 5 .175.1 307.4 1 ,000 ,0 3 .2 2 5 .5 2 5 .6 2 9 .0 2 ,000 ,0 2 .082.8 3 0 0 .0 41 9 .2 1 .500 .0 6 .4 3 3 .2 2 3 .2 6 5 .0 2 ,000 ,0 4 .6 2 4 .8 5 1 .8 7 5 .0 1.293.1 149 .0 250 .0 3 .0 0 0 . 0 2 .7 8 6 .9 1 9 .1 1 8 .7 8 .7 6 7 .0 1 .0 0 0 . 0 622.6 9 .4 5 8 .0 1 .222.3 300 .0 1 0 ,000 .0 12,831,7 7 9 .0 6 7 .9 5 .598.4 600 .0 357.5 2 .6 2 9 .0 774.3 2 6 0 ,0 4 .0 1 5 .0 611,2 2 0 0 ,0 3 .6 4 1 .0 460.1 7 5 0 .0 8 .3 8 3 .9 4 0 .173.1 1 ,000 ,0 9 .2 0 4 .4 1 .591.2 100.0 2 .4 0 5 .4 634 .7 200 ,0 3 ,1 9 4 ,7 2 0 0 ,0 8 3 7 .6 300 .0 1 .2 1 8 .8 10.992.7 7 .0 3 3 .9 1 .3 0 9 .9 1 ,000 ,0 2 .3 7 8 .3 411.2 200 .0 7 .884.4 1 .286.9 1 ,000 ,0 3 .0 9 6 .0 490 .5 200 ,0 1 .2 1 4 .3 1 2 ,3 4 3 ,0 500 .0 8 ,3 3 6 ,0 4 1 .9 0 5 .4 2 .1 0 0 .0 4 .2 7 9 .0 300 .0 55 0 .6 9 .0 3 0 .3 1 .8 0 5 .4 1,000,0 4 5 3 .3 4 .1 2 8 .1 1,000,0 6 .8 1 7 .4 500 .0 67 7 .6 4 ,6 6 3 ,0 485 .9 350 .0 3 .4 1 7 .9 50 0 .0 48 8 .8 R eL eg a ls. t D ep o sits s' ve. $ 2 .4 9 8 .0 3 .7 3 0 .0 2.550.1 1 .4 6 2 .0 3 .488.5 8 8 6 ,0 3 2 .1 8 4 .0 4 ,572,7 9 2 5 .4 761.3 85 7 .5 4 7 8 .0 145.1 1 .1 6 3 .6 1 .381.5 3 .5 0 9 .0 1 0 .856.3 1 .184.6 2 .268.7 386.1 640.5 196,7 1,522,5 7 .8 5 0 .0 691 .0 1 .114.1 3b 2 ,6 1 .023.1 1 ,352,4 4 .6 2 5 .0 225 .0 3 .7 3 0 .0 1 1 .890.0 267.5 4 .733.3 1,85 7,0 1 .3 1 8 .0 2 2 ,1 8 1 ,2 1.108.8 340.0 663.4 568,9 1 0 ,322,8 2 .2 8 0 .4 170 .0 417.1 819.1 1 ,7 6 4 ,8 49 0 .4 1.547.1 6 0 0 ,0 2 .2 1 7 .0 1 2 .5 9 6 .4 503 .0 1 .734.1 602.0 1 .012.4 8 2 4 ,0 1 ,3 1 3 ,0 P .C . $ $ 1 .559.0 1 6 ,0 8 8 ,0 25*2 1 .8 9 8 .0 . 2 3 ,7 9 0 ,0 23*6 1 .1 9 5 .8 1 4 .295.9 26-2 2 .0 1 9 .0 1 3 .868.0 25-1 2 ,554,3 2 2 .8 9 4 .9 26*3 4 .8 6 3 .0 2 5 5 3 4 6 .0 7 .0 6 3 .0 117,409,1 3 3 4 2 .491.2 23.851.1 29*6 672.9 5.811.1 25*9 5 .4 9 7 .0 26*2 680.4 50,9 3 .5 8 7 .8 25-3 4 .0 3 6 .0 2 1 T 37 4 .0 157.1 1 .2 2 8 .8 23*7 252 .1 4 .8 2 4 .8 27-2 24 7 .0 6.083.0 26*7 2 .1 7 6 .0 2 1 ,1 8 0 ,0 26*8 6 .2 5 5 .6 64.377.7 2 6 5 6 .666.2 23-8 170.9 1 .322.2 1 4 .300.2 2 5 T 3 .8 2 0 .0 2 1 0 41 6 .7 5 ,9 3 1 ,4 25*9 900 .6 2 .675.2 2 6 7 519 .8 1 .680.5 1 3 ,249,1 24*1 6 .508.9 5 3 .5 9 6 .0 26*8 4 .9 0 3 .0 24*2 4 9 6 .6 6 .6 4 8 .8 24*7 630.2 3 .1 4 5 .9 21*8 324 .0 721.1 6.780.7 25*7 6 .106.3 25*9 231.4 3 .6 3 4 .0 3 0 .4 9 4 .0 27*0 239.2 1 .9 3 3 .8 23*9 1 .3 2 5 .0 2 0 .6 3 1 .0 24*5 5 .6 4 5 .0 6 2 .6 8 5 .0 27*9 191.2 1.524.3 30*1 2.629.1 2 2 .6 4 4 .3 32*5 916 .0 1 0 .8 6 1 .0 25*5 1 .531.0 1 0 .4 5 9 .0 27*2 2 .3 2 8 .3 7 4 ,6 6 6 ,5 32*8 5 .853.4 27*1 483 .3 28 4 .0 3 .0 0 3 .0 20*7 331 .7 4 .7 4 3 .6 20*9 3 .518.7 22*8 235 .3 1.934.5 4 7 .1 5 8 .8 25*7 23 9 .6 1 0 .053.3 25*1 9 9 8 .0 3 .4 3 2 .6 34*0 488,2 4 .8 0 3 .4 18*9 2 .2 9 7 .7 1 2 .391.1 25*1 7 .3 5 2 .0 2 8 3 320 .4 2 .5 1 2 .0 25*1 14 1 .8 955 .4 9 .0 9 1 .3 27*5 3 4 0 .0 3 .3 1 5 .0 25*3 1 .7 0 4 .0 1 4 ,533,0 26*9 2 .870.9 5 1 .4 0 4 .3 30*0 4 .3 8 6 .0 24*3 5 6 7 .0 32 5 .0 7 .7 3 4 .3 26*6 3 .9 2 2 .6 2 4 9 37 6 .6 77 6 .4 7 .4 7 0 .0 23*9 27 8 .0 4 .6 6 2 .0 23*6 61,7 4 .0 3 0 .6 34*1 T o t a l . . . 1 0 2,25 1 ,9 121,9 6 4 ,8 9 0 4 ,5 1 0 ,7 182,6 7 2 ,0 78,153,5 9 3 1 ,7 7 8 ,9 27*9 t T o ta l U n ite d S ta te s d e p o s its in c lu d e d $ 4 0 ,1 6 9 ,6 0 0 . Beports of Non Member Banks.— The following is the statement of condition of the non-member banks for the week ending Jan. 31, based on average of the daily results. [VOL. L X X V I New York City, Boston and Philadelphia Banks.— Below is a summary of the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia. The New York figures do not include results for non-member banks. W e o m it tw o c ip h e r s ( 0 0 ) in a l l th ese fig u res. C a p ita l dBANKS S u rp lu s. N. Y . Jan 10 J a n 17 J a n 24 J a n 31 15os. J a n 17 J a n 24 J a n 31 P liila . J a n 17 Jan 24 J a n 31 L oa n s. S p ecie. L ega ls. Dep osits. t C ircu la tion . C lea rin gs. $ 871.642.1 886.0 5 4.1 890.448.1 904,5 1 0,7 156,^49,0 3 68,241,4 177.170.0 1 8 2.672.0 $ 70.663.7 77.253.7 77.448.0 78,153,5 $ 8 73,609,6 901.111.9 912,812,1 9 31.778.9 $ 45,639,1 45.500.3 45.414.4 45,184,9 $ 1.826.127.6 1.859.121.2 1.376.582.2 1.301.817.7 5 2 .322.0 191.4 5 7.0 5 2 .322.0 187.955.0 5 2 .3 2 2 .0 188.7 0 5.0 1 6 .989.0 17,n88,0 1 6 .590.0 6 .955.0 2 1 3.701.0 6.997.0 207,3 78,0 6.652.0 2 0 2.578.0 6.827.0 6.773.0 6.576.0 164,353,8 147.885.3 121.125.5 $ 224.2 1 6 .7 224.216.7 2 2 4 .2 1 6 .7 224.2 1 6 .7 5 9 ,Of>5,0 5 7 ,2i)8,0 5 5 ,L 17.0 4 4 .7 6 4 .0 180.731.0 4 4 .764.0 183.4 0 7.0 4 4 .7 6 4 .0 185.4 5 9.0 128.243.3 123.863.6 107.832.4 t In c lu d in g fo r B o s to n an d P hiladelph ia, th e ite m “ d u e t o o t h e r b a n k s,” and a lso G o v e r n m e n t d ep osits. F o r B o sto n th ese G o v e rn m e n t d ep osits a m ou n ted on J a n . 31 to $ 6 ,3 1 1 ,0 0 0 ; on Jan . *24 to $ 6 ,3 0 6 ,0 0 0 . Imports and Exports for the Week.— The following are the imports at New York for the week ending for dry goods Jan. 29 and for the week ending for general merchandise Jan. 30 ; also totals since beginning first week January. F O R E IG N F o r w eek. C a p i ta l. S u rp lu s . N . Y . C it y . B o ro u g h s o f M a n d B r 'n x $ $ C o lo n ia l___ 100,0 189,1 300,0 C olu m b ia .. 257,4 1 4 th S tre e t. 100,0 90,4 G a n se v o o rt. 200,0 54,4 H a m ilto n .. 200,0 114,1 M t. M o rris 250,0 94,8 200,0 M u tu a l ___ 184,5 19 th W a rd . 2 0 0 ,0 179,9 100,0 P la z a ........... 231,9 R iv e r s id e .. ioo',o 107,9 S ta te ......... 100,0 418,3 1 2 th W a rd . 200,0 88,2 2 3 d W a rd .. 100,0 87,4 100,0 Y o r k v ille .. 269,4 W a s h in g to n 100,0 51,0 F i d e l i t y ___ 200,0 107,5 V a r ic k ___ 100,0 66,3 J e ffe rs o n .. 400,0 2 0 7 ,8 100,0 C e n tu ry . . . 53.0 W a sh . H g ts 100,0 108,5 U n ite d N at. 1,000,0 23 0 ,0 B o r o u g h oj B r o o k ly n . B e d f o r d ___ 150,0 142,8 B ro a d w a y . 100,0 210,4 300,0 B r o o k ly n .. 170,6 8 th W a r d ... 100,0 18,1 252,0 M fr s .’ N a t .. 496,5 M e c h a n ic s ’ 500,0 383,5 100,0 40,7 M e rch a n ts ’ . 300,0 646,2 N a ss a u N at 592,2 N a t. C ity .. 300,0 N o r t h S id e. 100,0 158,8 P e o p le s ........ 100,0 150,6 100,0 17th W a r d . 79,8 266,2 S p ra g u e N a t 200,0 100,0 62,3 2 6 tli W a rd . 200,0 121,0 U n io n ........... 68,2 100,0 W a lla b o u t . B orou gh o f R ich m o n d . 75,4 B k . o f St. Is. 25,0 97,2 1 st N a t.,S .I. 100,0 O th er C ities. 400,0 1,027,9 1 s t N t., J. C. H u d s o n Co. 626,8 N a t., J. C. 250,0 307,3 2 d N at., J.C . 250,0 263,1 3 d N at., J.C. 200,0 497,4 1 s t N t., H o b 110,0 2 d N a t.,H o b 125,0 134,6 1902. $ 63,9 14 8 ,0 97,5 4 3,7 110,9 149,9 26,7 34,5 18 8 ,0 22,4 39 4 ,0 3 6,0 4 8,3 42,9 12,4 12,0 4,0 14,7 6,5 8,4 24 8 ,5 195,7 108,0 66,3 92,5 93,7 74,5 13 5 ,8 131,2 197,0 86 ,6 197,0 149,0 113,4 135,0 38,0 38 ,0 68 ,0 68,3 15 ,0 13,7 4 5,2 $ 169,3 232,0 264,3 173,9 14 3 ,6 24 0 ,8 163,7 378,1 89,0 74,8 192,0 9 6 ,0 105,3 130,3 36 ,0 46,1 86 ,0 18 0 ,6 24 ,0 21,4 60,6 1 ,394,0 1 ,6 3 2 ,4 1,391,3 307,1 2 ,990,7 4 ,8 0 9 ,0 7 2 4 ,0 3 ,8 8 8 ,0 2 ,8 3 3 ,0 977 ,6 1 ,2 2 0 ,4 574,5 1,104,5 628,4 1,140,9 772,7 18,9 20,2 95,9 5,1 392,3 16 4 ,4 14,9 183,0 161,0 13,9 4 7,0 9,1 9 4,9 15,7 3 o ,5 34,2 101,4 123,9 56,1 35 ,0 94.5 31 2 ,0 52,4 29 8 ,0 31 2 ,0 57,3 93,2 4 6,6 16,5 27,2 71,1 23,2 141,6 180,1 128,1 46,8 435,4 207,0 119,5 682,0 3 9 5 ,0 47,8 81,3 75,5 175,7 99,0 85,1 4 4,8 549,9 704,2 19,6 40,3 15,0 10,0 7 8,0 133,2 11,2 592,3 69 1 ,6 4 ,804,3 252,1 245,1 1,291,8 774,3 6,8S6,2 93,2 70,4 36,8 120,1 37,2 71,8 19,3 61,4 21.3 43,0 95,1 355,5 336,8 172,4 67,1 $ 150,0 3,0 $ 2 ,3 8 0 ,0 2 ,9 9 6 ,0 1 ,981,6 1,671,6 2 ,042,2 2 ,9 7 3 ,6 2 ,2 4 1 ,2 1,850,2 3 ,2 3 0 ,0 96 3 ,5 6 ,616,0 1 ,733,0 1,353, b 1 ,6 3 6 ,8 79 5 ,4 59 2 ,3 7 5 6 ,0 1,434,8 22 9 ,5 376,1 1 ,3 5 8 ,0 $ 2 ,0 9 0 ,8 2 ,8 5 2 ,0 1,671,8 1,775,5 1 ,929,6 2 ,400,9 2,214,1 1 ,5 1 5 ,6 3 ,1 9 5 ,0 9 2 6 ,6 5 ,7 9 7 ,0 1 ,522,0 1,158,7 1,604,7 813,2 623,5 74 5 ,0 1 ,6 1 6 ,4 32 0 ,3 532,7 2 ,262,7 2 ,288,7 1 ,1 5 3 ,3 1,155.3 2 ,388,9 1 ,012,0 1901. 86 ,7 5,0 5 3 ,6 4 3 9 2 ,0 22,6 1,8 23,1 4,2 3 121,8 74,3 37,1 *26,1 7,7 18,0 55 ,0 4 8,7 40,4 2 6,3 41,0 3,3 137,5 42,5 1 ,550,9 1 ,762,6 1,448,5 38 1 ,0 3 ,481,5 5 ,199,3 8 2 1 ,8 4 ,3 0 0 ,0 3 ,1 9 5 ,0 910,2 1 ,3 0 4 ,6 5'>9,0 1 ,0 6 9 ,0 671,8 1 ,1 6 0 ,4 749,1 $ 3 ,7 4 0 ,9 6 4 9 ,414,514 $ 2 ,5 2 3 ,2 6 4 8,8 4 6 ,0 4 5 $ 1 ,6 3 4 ,1 3 9 6 ,4 5 9 ,0 0 6 $ 3 ,5 0 4 ,5 3 0 9,5 6 8 ,9 8 4 T o ta l............................. S in ce J a n. 1. D r y G o o d s...................... G e n e ra l M e rch a n d ise $ 1 3 ,1 5 5 ,4 7 8 $ 1 1 ,3 6 9 ,3 0 9 $8 ,0 9 3 ,1 4 5 $ 1 3 ,0 9 1 ,5 1 4 $ 1 5 ,8 7 4 ,9 0 0 4 2 ,4 5 7 ,5 0 3 $ 1 3 ,6 5 8 ,1 6 8 40 ,6 1 3 ,6 9 4 $ 1 1 ,6 4 7 ,6 6 4 3 9 ,9 1 5 ,2 3 0 $ 1 4 ,3 8 8 ,6 1 4 3 7 ,7 5 2 ,2 0 8 T o ta l 5 w e e k s ........... $ 5 8 ,3 3 2 ,4 0 3 $ 5 4 ,2 7 1 ,8 6 2 $ 5 1 ,5 6 2 ,8 9 4 $ 5 2 ,1 4 0 ,9 2 2 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. 2, and from January 1 to date. E XPO R TS FROM N E W Y O R K FOR T H E W E E K . 1903. 1902. 1901. 1900. F o r th e w e e k ................. P r e v io u s ly r e p o r te d .. $ 1 1 ,5 9 2 ,9 8 4 4 2 ,8 1 9 ,1 4 6 $ 9 ,2 0 4 ,4 9 3 36 ,0 5 9 ,2 2 2 $ 1 0 ,8 7 2 ,9 6 2 4 6 ,1 1 4 ,8 2 0 $ 1 0 ,9 8 1 ,9 7 8 37 ,4 5 6 ,9 6 1 T o ta l 5 w e e k s ........... $ 5 4 ,4 1 2 ,1 3 0 $ 4 5 ,2 6 3 ,7 1 5 $ 5 6 ,9 8 7 ,7 8 2 $ 4 8 ,4 3 8 ,9 3 9 N o t e .—A s th e fig u re s o f e x p o r ts as re p o r te d b y th e N e w Y o r k C u stom H o u s e fro m w e e k to w e e k fr e q u e n tly sh o w d iv e r g e n c e from th e m o n th ly to ta ls, a lso co m p ile d b y th e C u stom H o u se , w e sh all fr o m tim e to tim e a d ju st th e to ta ls b y a d d in g to o r d e d u c tin g fr o m th e a m o u n t “ p r e v io u s ly r e p o r te d .” The following table shows the exports and imports of specie at the port of New York for the week ending Jan. 31 and since Jan. 1,1903, and for the corresponding periods in 1902 and 1901. E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W Y O R K G o ld . W eek. G re a t B rita in ................... F r a n c e ................................. G e r m a n y ............................ W e s t I n d ie s ...................... M e x ic o ................................. S ou th A m e r ic a ................ A ll o th e r c o u n t r ie s ........ T o ta l 1 9 0 3 ................... T o ta l 1 9 0 2 ................... T o ta l 1 9 0 1 ................... S il v e r . G rea t B r ita in .................... F r a n c e ................................ G e r m a n y ............................ W e s t I n d ie s ...................... M e x ic o ............................... S ou th A m e r ic a ................ A ll o th e r c o u n t r ie s ......... T o ta l 1 9 0 3 ................... T o ta l 1 9 0 2 ................... T o ta l 1 9 0 1 ................... 13,9 22,0 1,830,1 1,169,2 3,321,7 2 ,1 3 6 ,6 1 ,1 0 1 ,6 T o t. Jan 31 8,712,0 9,829,4 7 8 ,019,2 3 ,688,9 4 ,269,2 8 ,2 8 2 ,4 2 ,338.0 8 3 ,515,4 T o t. J an 24 8,712,0 9,829,4 77,886,9 3 ,879,7 4 ,5 2 7 ,2 8 ,4 4 5 .2 ,2 ,1 2 8 .2 8 4 ,247,9 T o t . J a n 17 8 ,712,0 9 ,829,4 7 8 ,iy » .7 3 ,8 3 0 ,0 4 ,533,3 9,404,1 2 ,556,0 8 5 ,7 5 3 ,0 I m ports. W eek. S in ce J a n . 1. S in ce J a n . 1. $ 2 4 5 ,1 1 0 $ 3 2 ,9 3 4 . . . __. 11,903 1,250 20 ,7 6 7 23 ,4 2 3 42,575 3,050 $ 3 6 ,6 3 2 2 ,3 9 8 ,8 5 4 $3 2 ,9 3 4 1,9 5 6 ,0 3 6 8,1 5 4 ,0 6 9 $13,791 21 ,0 7 6 27 ,2 5 4 $ 3 3 4 ,9 2 5 6 1 ,4 5 6 2 4 7 ,8 2 0 $72 4 ,2 9 5 15,410 $2 ,9 6 2 ,8 5 5 62,17*2 8 ,1 7 5 19,798 $ 1 ,2 4 4 $1 ,9 1 6 78 ,4 1 6 3 ,9 7 8 $ 7 4 7 ,8 8 0 1 ,025.415 9 8 6 ,8 8 0 $ 3 ,0 4 4 ,8 2 5 4 ,0 0 9 ,6 7 6 4 ,7 5 8 ,1 3 3 $ 1 ,2 4 4 14,635 37.424 $ 8 4 ,3 1 0 96,783 2 9 2 ,9 5 2 .............. $ 638 Of the above imports for the week in 1903, §638 were American gold coin and §1,244 American silver coin. Of the exports during the same time $5,000 were American silver coin. Auction Sales.— S e e p a g e p r e c e d in g . ---------- -- '■ ...... . - faulting and fin an cial. Spencer Trask & Co., BANKERS, 2 7 A: 2 9 P I N E S T R E E T , NEW YORK, T ra n s a c t a general banking business; a c t as Fiscal Agents for corp orations, and negotiate security issues of railroads and o th er com panies. Ex ecute com m ission orders and deal in IN V E ST M E N T S E C U R IT IE S . M em bers N. Y . S tock E xch an g e. 60,6 10,2 23,4 1900. D r y G o o d s...................... G e n e ra l M e rch a n d ise E xports. D e p o s it w ith L eg. T. L oans & N et S p ecie. d-B an k C lea r'g O ther D ep osits In v e s t N otes. A g en t. B k s . dec m en ts. $ IM P O R T S . 1903. W e o m it tw o c ip h e r s ( 0 0 ) in a l l cases. BANKS. 0 0 s om itted . 9 .497.0 8 .999.0 8 .985.0 2 16.750.0 2 17.928.0 2 15.908.0 B ranch Office, 65 s ta t e St., A lbany, ------------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------------------------- ■ M o f f a t M em bers N ew ' & W h i t e , Y o r k S tock E xchange, 1 NASSAU STREET, CORNER W A L L , D e a le r s In I D i v e s t m e n t S ecu ritie s. T el. 5820-5821 Cortlandt. T e le p h o n e S to c k s a S p e c ia lty . ■■■ ■■ - i THE February 7, 1903.] fB a w k e r s ^ c y F or C H R O N IC L E a n a d v a n c e in th o s e b o n d s fr o m 1 0 5 % t o 1 0 7 % ; o n M o n d a y , h o w e v e r , t h e p r ic e r e a c t e d to 1 0 5 % ; t h e c lo s e t o -d a y w a s 1 0 6 % V v a b k sh d e b e n tu r e B s d is p la y e d c o n s d e r a b le s t r e n g t h a n d a d v a n c e d f r o m 77 to 8 1 % ; t h e c lo s e o n F r id a y w a s 8 0 % . (G a z e tte . Dividends see page 3 15 . WAU. STKfalVi, KillDAV, FEU. 6, 1U03.-S P. i**. T h e M o n e y M a r k e t a n d F i n a n c i a l S i t u a t i o n .— 'The d e c isio n in fa v o r o f th e U n it e d S t a t e s S t e e l C o r p o r a tio n in t h e H o d g e s u it s e e k in g to p r e v e n t t h e c o n v e r s io n o f 200 m illio n s o f 7 per c e n t p r e fe r r e d s to c k in to 5 p e r c e n t m o r t g a g e b o n d s has b een one o f th e e v e n ts o f th e w e ek . T h e r e s u lt h a s b e e n t o s t im u la t e n e w h o p e in t h e fin a n c ia l m a r k e t s , a s it h a s lo n g b e e n f e l t t h a t s u c h lit ig a tio n a s t h a t a g a in s t t h e S t e e l C o r p o r a tio n a n d t h e v a r io u s s u its t h a t h a v e b e e n b r o u g h t a n d a re p e n d in g a g a in s t t h e N o r t h e r n S e c u r it ie s C o . h a v e had an im p o r t a n t p a i t in c u r t a il in g b u s in e s s o n t h e S to c k E x c h a n g e . T h e P e n n s y lv a n ia R a ilr o a d r e t u r n o f e a r n in g s fo r t h e m o n t h o f D e c e m b e r , s h o w in g o n th e lin e s d ir e c t ly o p e r a te d e a s t o f P it t s b u r g h a n d E r ie $ 1 ,8 3 5 ,0 0 0 in c r e a s e in g ro ss e a r n in g s b u t $848,71 0 d e c r e a s e in n e t e a r n in g s , h a s c o m e in fo r c o n s id e r a b le d is c u s s io n . I t is t o b e r e m e m b e r e d , h o w e v e r , t h a t u n d e r p r e s e n t c o n d it io n s o u r r a ilr o a d s c a n n o t b e o p e r a te d w i t h d u e e c o n o m y . T r a ffic is g r e a t ly in e x c e s s o f t h e fa c ilit ie s fo r h a n d lin g it , a n d in t r y i n g t o m e e t t h e r e q u ir e m e n ts o f s h ip p e r s th e r a ilr o a d s a re c o m p e lle d t o in c u r a g r e a t m a n y e x t r a o u t la y s . L a t e r o n , w h e n t h e s it u a t io n in t h is p a r t ic u la r s h a ll h a v e b e e n r e lie v e d t o a n e x t e n t , it w i l l a g a in be p o s s ib le to c u r t a il e x p e n s e s . T h e o p en m a r k e t r a te s fo r c a ll lo a n s o n t h e S t o c k E x c h a n g e d u r in g th e w e e k o n s to c k a n d b o n d c o lla t e r a ls h a v e r a n g e d fr o m 2 to 3 % p e r c e n t . T o -d a y ’s r a te s o n c a ll w e r e 2 % to 3 p e r c e n t . P r im e c o m m e r c ia l p a p e r q u o t e d a t 4 % @ 5 p e r c e n t. T h e B a n k o f E n g la n d w e e k ly s t a t e m e n t o n T h u r s d a y s h o w e d a n in c r e a s e in b u llio n o f £ 2 8 1 ,6 4 5 , a n d t h e p e r c e n t a g e o f r e se r v e t o lia b ilit ie s w a s 4 8 ‘ 69 a g a in s t 4 7 ‘ 38 la s t w e e k , t h e d is c o u n t r a t e r e m a in in g u n c h a n g e d a t 4 p e r c e n t . The B a n k o f F r a n c e s h o w s a n in c r e a s e o f 2 ,0 0 0 ,0 0 0 f r a n c s in g o ld a n d 2 0 0 , 0 0 0 f r a n c s in s ilv e r . NEW YO RK CITY CLEARING HOUSE BANKS. 1903 Jan. 31 Differences from previous week $ $ $ 1901 Feb. 2 $ Inc’ 14,062,600 Dec 229,500 Inc 18,966,800 Ino 5,602,000 Inc 705,500 83,822,700 100.706.700 889.531.700 81,305,200 975,997,000 192,816,200 77,807,400 74.223,700 92,257,500 871.808.200 81,319,100 969,917.500 192,825 000 74,498,200 260,825,500 mo 6,207,500 232 944,725 Ino 4,741,700 270,622,600 243,999,250 267.318.200 242,479,375 Capital................. 102,251,900 Surplus............ „. 121,964.800 Loans & discounts 004.610.700 Circulation.......... 45.1*4,900 Net deposits........ *931,778 900 Specie.................. 182,672.000 78,163.500 Legal tenders...... Reserve held— .. So p. c. ol deposits 1902 Feb. 1 317 27 880,775 Ino 1,405.800 26,623,360 24,888,825 Surplus reserve *$40,169,600 United States deposits Included, against $40,178,100 last week. With these United States deposits eliminated, the surplus reserve would he $37,923,175 on Jan. 31 and $86,458,250 on Jan. 24. NOTE.—Returns of separate banks appear on the preceding page. F o r e i g n E x c h a n g e .— T h e fo r e ig n e x c h a n g e m a r k e t w a s s t r o n g th is w e e k . T h e s u p p ly o f b ills w a s li g h t a n d t h e r e w a s a g r o d i n q u ir y fo r r e m it t a n c e . T h e e a s y t o n e o f c a ll m o n e y c o n t r ib u t e d to t h e a d v a n c e in r a t e s , a n d t h e m a r k e t c lo s e d o n F r id a y s t e a d y a t t h e a d v a n c e . T o -d a y ’s (F r i d a y ’s ) n o m in a l r a te s fo r s t e r li n g e x c h a n g e w e r e 4 8 4 % @ 4 85 fo r lo n g a n d 4 8 7 % @ 4 8 8 fo r s i g h t . T o -d a y ’s (F r i d a y ’s ) a c t u a l r a te s w e r e 4 8 4 % @ 4 8435 fo r s i x t y d a y , 4 8 7 2 0 @ 4 8725 fo r s ig h t a n d 4 8 7 6 0 @ 4 8770 fo r c a b le s . C o m m e r c ia l o n b a n k s , 4 8 3 % @ 4 8 4 1 0 , a n d d o c u m e n ts fo r p a y m e n t , 4 8 3 % @ 4 8 4 % . C o tto n fo r p a y m e n t , 4 8 3 % @ 4 8 3 % ; c o t t o n fo r a c c e p t a n c e , 4 8 3 % @ 4 8 4 0 ; g r a in fo r p a y m e n t , 4 8 4 @ 4 8 4 % . T o -d a y ’s ( F r i d a y ’s ) r a te s fo r P a r is b a n k e r s ’ f r a n c s , lo n g , 5 1 8 % @ 5 1 8 % * ; s h o r t, 5 1 5 % ] @ 5 1 5 % * . G -e rm a n y b a n k e r s ’ m a r k s , lo n g , 94 1 3 -1 6 @ 9 4 % ; s h o r t , 9 5 % @ 9 5 3 -1 6 f. A m s t e r d a m b a n k e r s ’ g u ild e r s , lo n g , 3 9 1 5 -1 6 * @ 3 9 1 5 -1 6 ; s h o r t , 4 0 % o f 4 0 % 1 [. E x c h a n g e a t P a r is o n L o n d o n t o -d a y , 25 fr a n c s 1 4 % c e n t im e s ; w e e k ’s r a n g e , 25 fr a n c s 1 4 % c e n t i m e s h i g h , 2 5 fr a n c s 14 c e n t im e s , lo w . T h e w e e k ’s r a n g e o f e x c h a n g e r a te s f o ll o w s : -Cables.-Long.- Short.Sterling Actual— 4 8770 4 8760 High... |4 8425 ■® 4 8435 | 4 8720 ® 4 8725 4 8735 4 8725 | 4 8690 ® 4 87 Low__ |4 8390 ® 4 84 Paris Bankers’ IVancs— High... |6 18®« ® 5 184* I 5 15 V @ 5 15 V Low__ |5 18*4* -a 5 18®* 5 104t a 5 161* Germany Bankers' Marks— High... 1 94‘Le a 9 4 L 1 95L -a 9 5 3iet 94®* 1 Low__ 1 9 4 1 L 0 95 a 961iet Amsterdam Bankers’ Guilders— High... I 39 L a 40 LU ® 39lBieH 1 40 L Low.... 1 391Bie* •a 391Bia 1 40 L ■a 40 l * ■ L e s s : * i 19 ot 1% . t L a o f 1% . * L a o f 1% . P l u s : fl h e o f 1% . * * L a o f 1% . T h e fo ll o w in g w e r e t h e r a te s o f d o m e s t ic e x c h a n g e on N e w Y o r k a t t h e u n d e r -m e n t io n e d o it ie s t o - d a y : S a v a n n a h , b u y in g 5 0 c , d is c o u n t p e r $ 1 ,0 0 0 , s e l li n g 7 5 c . p r e m i u m ; C h a r le s to n , b u y in g 1 -1 6 d is c o u n t , s e llin g 1 -1 6 p r e m iu m ; N e w O r le a n s , b a n k , $1 p r e m iu m , o o m m e r o ia l, p a r ; S t . L o u is , 25o. d is c o u n t ; S a n h r a n o ls c o , s ig h t , 1 2 % c . p r e m iu m ; t e le g r a p h ic , 15 o. p r e m iu m ; C h io a g o , 10 c. d i s c o u n t @ p a r . S t a t e a n d Railroad B onds — 8 a le s o f S t a t e b o n d s o n th e E x c h a n g e t h is w e e k a re li m i t e d t o $ 4 ,0 0 0 T e n n e s s e e s e t t l e m e n t 3s a t 9 6 % a n d $ 2 0 ,0 0 0 V i r g i n i a 6 s d e fe r r e d B r o w n B ro s. & C o. c e r t ific a t e s a t 11. T h e ra ilr o a d b o n d m a r k e t h a s b e e n g e n e r a l ly s t r o n g . T h e a n n o u n c e m e n t t h a t h o ld e r s o f P e n n s y lv a n ia c o n v e r t ib le 3 % per c e n t b o n d s w o u ld b e p e r m it t e d t o c o n v e r t t h e ir b o n d s in to s t o c k b e t w e e n M a r c h 16 a n d A p r i l 4 , 1903, r e s u lt e d in U n it e d S t a t e s B o n d s .— T h e o n l y s a le o f G o v e r n m e n t b o n d s a t th e B o a r d t h is w e e k w e r e $ 2 ,0 0 0 3s, c o u p ., 19 18 , a t 1 0 7 % a n d $ 1 ,0 0 0 4 s, c o u p ., 19 0 7 , a t 1 1 0 % . T h e f o ll o w in g a re c lo s in g q u o t a t i o n s ; for yearly range see third page following. Interest Ian. Periods 31 Feb. 2 *109 28, 1 9 3 0 ............. r e g is te r e d Q - J a n *1 0 9 Q —J a n *10 9 *10 9 28, 1 9 3 0 ........... 2s, 1930 ,8 ma_L. re g is te re d ..... ...... _ 2a, 19 30 ,sm all ___ c o u p o n . . . . .. -- . . . . . *1 0 7 38, 1 9 1 8 ............. r e g is te r e d q —F e b ‘ 107 Q —F e b *107®* '5S107 3s, 1 9 1 8 ........... ...... 3 8 ,1 9 1 8 , s m a ll.re g is te re d q — F eb . . . . 3s, 1918, sm all ___ co u p o n q —F e b * 1 0 6 4 * « 0 6 L *110 4n, 1 9 0 7 ........... re g is te r e d q —Jan * 1 1 0 *110 Q —Jan * 1 1 0 4a, 1 9 0 7 ............ is. 1 9 2 5 ............ r e g is te re d Q —F e b * 1 3 4 4 -134®* q —F e b * 1 3 6 4 4ai 1 9 2 5 ............ 5a, 1 9 0 4 ............ re g is te r e d Q — F e b *10 3 * 1 0 2 ®* q —F e b *1041* * 2: 0 2 ®* 5s. 1 9 0 4 ............ "This is the p r io e b id at the m o r n in g b o a rd ; n o .......... __ Feb. 3 Feb. 4 *10 9 *10 9 *10 9 *109 *107 *10 7 *107 *107 ...... ...... ___ ...... ...... Feb. 5 Feb. 6 *108*4 *108*4 *108** *1C8»4 ...... ...... ...... *1 0 7 *107 1 0 7 4 *10 7 ___ *1064 *1064 *1064 *1064 n o *110 *110 *110 ‘ 1 10 *110 *134®* *134*4 *1354 *1354 * 102*4 * 1 0 2 ** * 1 0 2 ®* * 1 0 2 ®* sale w m m ade *110 *110 *134®i *1354 * 102*4 * 102*4 *134*4 *1354 *102*4 *102*4 R a il r o a d a n d M i s c e l l a n e o u s S t o c k s .— T h e s t o c k m a r k e t h a s b e e n d e c id e d ly m o r e a c t i v e a n d q u it e s t r o n g t h is w e e k . T r a n s a c t i o n s h a v e b e e n o n a m u c h la r g e r s c a le , a v e r a g i n g o v e r (500.000 sh a r e s p e r d a y . T h e E r ie is s u e s c o n t in u e d t o a d v a n c e ; t h e c o m m o n m o v e d u p f r o m 4 0 % to 4 2 % , b u t r e a c t e d t o -d a y to 41 ; t h e fir st p r e fe r r e d , a f t e r a g a in o f 3 p o in ts t o 74 , f e l l o ff a t t h e c lo s e to 7 3 ; t h e s e c o n d p r e fe r r e d a d v a n c e d 5 % p o in t s t o 6 4 % , b u t d r o p p e d to 6 3 % a t t h e c lo se t o -d a y . D e la w a r e & H u d s o n w a s a lso a s t r o n g fe a t u r e . A s h a rp b r e a k in P e n n s y l v a n i a s t o c k o n M o n d a y f o llo w e d t h e a n n o u n c e m e n t t h a t t h e c o m p a n y h a d g iv e n p e r m is s io n t o c o n v e r t t h e 3 % p e r c e n t b o n d s i n t o s t o c k a y e a r b e f o r e t h e s t ip u la te d t im e ; c o n s id e r a b le r e c o v e r y , h o w e v e r , h a s s in c e o c c u r r e d , a n d th e la s t s a le t o -d a y w a s a t 150% . U n io n P a c ific is s u e s d is p la y e d m u c h s t r e n g t h ; t h e c o m m o n a d v a n c e d fr o m 1 0 0 % to 1 0 2 % , b u t c lo s e d t o -d a y a t 102, a n d t h e p r e fe r r e d ro se f r o m 9 2 % to 9 5 % . O th e r s t o c k s w h ic h h a v e s h a r e d in t h e u p w a r d m o v e m e n t h a v e b e e n A t c h is o n T o p e k a & 8 a n t a F e c o m m o n a n d p r e f e r r e d , C h i c a g o & G r e a t W e s t e r n , C h ic a g o M ilw a u k e e & 8 t . P a u l, M is s o u r i P a c if ic , W a b a s h c o m m o n a n d p r e fe r r e d a n d R e a d in g issu e s. T h e fa v o r a b le c o u r t d e c is io n in t h e s u it b r o u g h t t o r e s t r a in t h e U n i t e d S t a t e s S t e e l C o r p o r a t io n ’s p r e f e r r e d s t o c k c o n v e r s io n p la n c a u s e d a n a d v a n c e o f o v e r 2 p o in t s in th ese sh ares. T h is d e c isio n a lso o p e r a te d a s a f a v o r a b l e i n flu e n c e in t h e g e n e r a l m a r k e t . A m a lg a m a t e d C op per w a s o n e o f t h e le a d in g fe a t u r e s , a d v a n c i n g t r o m 6 5 % to 6 9 % ; th e c lo s e , h o w e v e r , w a s a t 6 8 % . A n a c o n d a C o p p e r a ls o d is p la y e d c o n s id e r a b le s t r e n g t h , g a i n i n g 1 1 p o in ts to 1 1 1 ; s u b s e q u e n t ly , h o w e v e r , a r e a c t io n r e s u lt e d in a d e c lin e t o 109% . T h e f o l l o w in g sa le s h a v e o c c u r r e d t h is w e e k o f s h a r e s n o t r e p r e s e n te d in o u r d e t a ile d l i s t o n t h e p a g e s w h ic h f o ll o w . STOCKS Week Ending Feb 6 Sales for Week Bangs for A Ills-Chaim era C o ........... 200 1 8 4 F eb P r e f e r r e d .......................... 200 86 F eb A rner A g r ic u l C h e m .p re f 1 0 0 83 F e b A m . S te e l F o u n d r ie s ........ 2 0 0 17 V a n P r e f e r r e d .......................... 77 0 65 Ja n A m e r T e le g & C a b le ........ 200 88 F eb A m e r T o b a o co . p r e f......... 1 0 0 143 F e b B u tte r ic k C o....................... 28 0 5 2 7e F eb 50 0 5 4 7s F e b G e n e ra l C h e m ica l............. P r e f e r r e d .......................... 2 0 0 100»4 Jan L a c le d e G as, p r e f ............. 1 0 0 105 F e b M a n h a tta n E l r ig h t s ___ 17,133 B LFeb M a ry la n d C oal p re fe rre d 20 0 104®4 F e b O n ta rio 811v e r M in in g ... 100 6 F eb P lttB b F t W a y n e & O hio 36 189 4 F e b U S R e d u c <fc R e fin in g .. 1 0 0 35 F e b P r e fe r r e d .......................... 30 0 5 4 4 F e b V a I r o n C oal & C o k e ___ 500 36 F e b 3 i 0 31 31 2 6 2 4 31 3 4 3 3 2 5 2 2 Bangs Tear 1902. 1 8 4 F e b 41 | 1 8 L J a n F e b 6 ! 8 6 Jan F eb 6 83 Jan F eb 4 16 Jan 66 F eb 6 65 Jan 86 F eb 2 85 Jan 143 F e b 6 143 F e b 6 2 4 F eb 3 524Jan 05 F e b 4 60 4 Jan 101 F e b 3 100 Jan 105 F e b 3 95 Ja n 6*4 Jan 31 6 ®8 Jan 105 F e b 5 100 Jan 6 F eb 3 6 F eb 189 4 F e b 2 1 8 9 4 F e b 35 F e b 5 32 4 J a n 544F eb 5 i 544F eb 3 6 4 J a n 31 36 F e b 86 83 18 1 9 4 Ja n 86 4 Jan 83 4 J a n 20 J a n 68 Jan 92 J a n 149 J a n 55 J a n 65 F e b 101 J a n 105 F e b 6 4 Jan 10 5 F e b 6 F eb 1894F eb 35 Jan 56 Jan 364Jan O u t s i d e M a r k e t .— T h e a c t i v i t y a n d s t r e n g t h in t h e c o p p e r g r o u p h a s b e e n t h e o v e r s h a d o w in g fe a t u r e in t h e m a r k e t fo r u n lis t e d s e c u r itie s t h is w e e k . T en n essee C opper w a s b y f a r th e m o s t a c t i v e s o c k in t h e lis t , t o t a l t r a n s a c t i o n s a m o u n t i n g to o v e r 1 0 0 ,0 0 0 s h a r e s . T h e o p e n in g s a le w a s a t 24 , a lo ss o f 1 p o in t f r o m la s t F r i d a y ’s c lo s in g . T h is w a s f o llo w e d t h e s a m e d a y b y a f u r t h e r lo s s o f a p o in t, a n d th e n b y a r e a c t io n t o 2 7 . S u b s e q u e n t ly t h e p r ic e r e a c h e d 2 9 a n d c lo s e d t o -d a y a t 2 8 % . G r e e n e C o n s o lid a t e d , a f t e r a g a in o f 1% p o in ts t o 2 2 % , r e a c t e d t o 2 1 % , a t w h ic h fig u r e s i t c lo se d t o -d a y . U n it e d C o p p e r , t h o u g h v e r y in a c t i v e , m a d e a n a d v a n c e o f 2 p o in ts t o 30. CTnion C c p p e r w a s s t r o n g a n d m o v e d u p f r o m 2 % to 3 % . B r it is h C o l u m b ia , a f t e r a g a in o f 1 % p o in ts to 8 % , r e a c t e d o n F r id a y t o 6 % . T am arack M in in g w a s d e a lt in o n t h e c u r b f o r t h e fir st t im e t o -d a y ; o p e n in g a t 1 7 8, i t ro se t o 196 o n p u r c h a s e s o f a b o u t 300 s h a r e s , b u t la te r r e a c t e d t o 190. N o r t h e r n S e c u r it ie s w a s m o d e r a t e ly a c t iv e t n is w e e k a n d p r ic e s r a n g e d b e t w e e n 112 % and 11 4% . T h e c lo s e t o -d a y w a s a t 1 1 3 % . In te rn a t io n a l M e r c a n tile M a r in e is su e s w e r e in f a i r l y g o o d d e m and. T h e c o m m o n g a in e d 2 p o in ts t o 1 5 % . T h e p r e fe r r e d o p e n e d % o f a p o in t u n d e r la s t F r i d a y s c l o s in g a n d s u b s e q u e n t ly m o v e d u p t o 4 3 ; a r e a c t io n t o d a y , h o w e v e r , s e n t th e p r ic e d o w n a g a in t o 4 1 % , a t w h ic h it c lo s e d . H avana T o b a c c o c o m m o n s h o w e d s o m e im p r o v e m e n t t h is w e e k , a d v a n c in g 5 p o in ts o v e r la s t F r id a y 's d o s i n g . T h e p r e fe r r e d s h a r e s h a v e b e e n v e r y .q u ie t , S t a n d a r d O il r a n g e d b e t w e e n 7 4 3 a n d 7 4 0, c lo s in g a t 326. New York Stock Exchange— Stock Record, Daily, Weekly and Yearly O C C U P Y IN G TW O STO C K S—H IG H E S T A N D L O W E S T S A L E P R IC E S S a tu r d a y J a n . 31 *37 *67 % 99% 1 0 0 % *95 67% *126 *144 136 *74 *184 51% 35% *71 8 6 27% *89% *82 44 176% *191 *220 M onday F eb . 2 *37 39 *67 70 87 87% 1 0 0 100% 1 0 0 % 1 0 0 % *95 96 67% 67% 128% *126 148% *145 136% 13 6 % *72 75 186% §183 51% 51% 35% 35% *71 72 *190 *120 27% 27% 191% 91 *S 2 85 43% 44% 176% 177% 193% *191 2 2 1 223 39 70 87% 1 0 0 % 1 0 1 % 96 6 8 % 128% 150 137% 75 183 52% 36 % 72 225 133 27% 91% 85 44% J7 8 % 193 2 2 2 T u esd a y F eb . 3 *37 *67 87% 1 0 0 % 1 0 0 % 95% 67% *126 148 136% *70 *180 51% 35% 71% W ed n esd a y F eb. 4 *37 39 *67 70 87% 87% 1 0 0 % 1 0 0 % 1 0 1 % 1 0 1 % *95% 96 6 8 % 6 8 % 127 128% 149 148 137 137% *72 74 188 *183 52% 52 36% 36% §72 71% * 2 0 0 2 2 0 *125 27% *89% *82 44% 177 % *192 *220 138% 27% 91 * 2 0 0 39 70 *37 8 8 % 1 0 0 % % 8 8 % 1 0 1 % 96% 70 132 ............ 137% 74% 188 53% 36% 71% 2 2 0 2 1 0 1 0 2 1 0 2 2 1 0 * ............ 1 3 3 *120 140 27% 28% 28% 28% *89% 91 *89% 91 *82 8 6 8 6 *84% 86 44% 46% 44% 46 46% 178 179% 179% 179% 178% 194 §192 192 * 1 9 2 % 195 219 221 224 2 2 0 2 2 2 *155 162 *155 160 *150 157 *155 162 * i5 5 160 *193 198 *193 198 *192 198 *190 195 *190 198 *18 19% *18 18% 18% 19% 18% 18% *18 19 33% 34% 34% 35 33% 33% *33% 34 33% 33% 9 11% 1 0 % 1 1 % 1 1 1 1 % 1 1 % 1 2 % 8 % 1 0 % -4 6 50 *46 60 48 48 * 4 6 % ............ *46 50 *96 98 96 96 *96 98 97 97% *96 97% *29% 30% *70% 71% *45 45% 176% 180% *260 272 *38 41 * 8 8 89% *43% 46 *17% 18 *34% 35 *8 8 % 89% 17% 17% *25% 27 40% 40% 71% 71% 58% 59 70 70 *89 92 *67 6 8 *200 207 30 30% 29% 29% 30 30% 29% 30 *70 71 *70 71 *70 71 *70% 71 *44% 45% 45 45 *44% 45% 45 45 180% 183% 1 8 0 % 1S 2 % 181 % 183 % 181% 182% *265 272 268 270 *266 272 *268 270 40 40 40% 41% -3 8 % 40% 40 40% 89 89% 8 8 % 8 8 % " 8 8 % 89 89% 89% *43% 46% *43 46 *43 46 *43 46 17% 18 18 18 18 18 17% 18 *34 35 -3 4 % 35 34% 34% 34 35 *89 89% *8 8 % 89% 89 89 89% 89% 17% 17% *17% 17% 17% 17% 17% 17% *25% 26% 26 26 25% 25% *26% 26% 41% 41% 40% 41% 40% 4 L% 41% 42 72% 73% 72% 73 71% 72% 73% 74 59% 6 L% 61% 6 3 38 62% 64% 64 64% 69% 70% 69% 69% 69% 69% 69% 69% *89 92 *89 92 *89 92 *89 92 *65 6 8 §66% 6 6 34 * ............ 6 8 % 67 67 *200 207 * 2 0 0 208 * 2 0 0 208 *200 207 * i0 0 % 10 2 % 1 0 1 % 1 0 2 *97 97% *97 97% 143 1 4 8 14 j ; 1 4 5 % 1 4 5 % 44 44% *43% 44% 73 73 -7 3 75 *43 46 *43 45% 79% 79% 79% 80 *34 34% * ............ 34% 59% 59% 59 59 % *35% 35% 35% 35% *56 65 *56 65 -4 7 49 *47 50 *113 119 *113 119 -7 8 *125% 144% 119 136% *35% *8 6 % 25 82 126% 145 121% 137 38 90 25% *78 82 125% 127 144% 144% 119% 12 1 136% 137% *35% 38 *8 6 % 9 0 25% 25% *107 108% *116 1 2 1 *73% 75 * 1 2 2 126 27% 27% *60 61 1 1 1 1 1 1 % *106 108 *18% 18% 37 37 150% 150% *41% 42% * ............ 1 1 4 * ............ 8 5 *219 223 33% 33% 74 74% *92% 93% * 6 8 71 *98 105 *73% 77 151% 152% *33 38 * 81 * ............. 8 5 *107 108% *116 1 2 1 73% 73% 124 124% 27% 27% 60 60 1 1 1 % 1 1 2 % *105 108 19 19% 37% 38% 1 5 0 % 151% 41% 41% *105 115 * ............ 8 7 *219 222 33% 34% 74 74% 93% 93% *63 72 *98 105 *71% 76 149% 150% *33 40 79 79 * .......... .. 8 5 *87 93 *3 0 8 108% 60% 62% 87% 87% 74% 74% 47% 48 80 81 67% 67 % *14 16 *54 57 *24 25 61 % *87% *74 47% 8 0 66% *14 *54 *24 61% 87% 75 48 8 ^% 67 % 16 57 25 24% 24% 1 0 1 % 1 0 1 % % 10 1% 1 0 0 % 1 0 2 * 97% 97% 97% 97% 97 97 145% 145% 145% 147 1 4 0 38 1 4 7 -4 3 % 44% *43% 44% 44% 44% 73 73 *72 73 *72 74 *43 46 *43 45% 44% 44% 79% 79% 79% 79% 79% 79% 34% 3 4 % * ............ 34 34% 34% 59% 59% 59% 59% 59% 60% 35% 37 36 37% 37% 37% *57% 65 *56 65 *59 6 8 *47 50 47% 47% *47 49 *113 120 *113 119 *113 118 1 0 1 *78 80 126% 127 144% 145% 1 2 2 1 2 2 % 137% 138% *35 38 *85% 8 8 % 25% 25% *78 82 126 126% 144% 145 1 2 1 1 2 2 % 137% 138 *35 38 *85 8 8 % 25% 25% *107 *116 74 124 27% 60 1 1 1 % *107 19 *37 % 149% *41% *105 -8 0 §219 34% 74 §93% 6 8 §97 74 150 *33 * ............. * .......... .. 87 *108 61% *87% 74% 47% 80% 67 % *14 *54 *24 109 1 2 1 74 124% 27% 60% 1 1 2 % 108 19 38 % 150% 42% 115 85 219 34% 74% 93% *78 126% 145 % 1 2 2 % 137% -3 5 *85 25% 80 127% 146 123% 138% 38 90 25% 107 107% *116 1 2 1 74% 74% 125 125 27% 28% 60% 60% 1 1 2 1 1 2 % 108 108 19% 19% 38 38% 150 150% 41% 42 *109 115 *80 84 2 2 2 34% 74% 93 69% 6 8 *98 97 *73 74 150% 151% *33 38 81 81% 85 * ............ * 8 8 87 *108 115 62 62% 87% 87% 74% 74% 48% 48% 81% 81% 67 % 67 *14 16 57 *54 25 24% N E W * i0 7 i0 8 % *116 1 2 1 74 74 *124 126 28% 28% 60% 61% 1 1 2 % 1 1 2 % 108% 108% 19 19% 33 38 150% 151 41% 41% *109 115 *80 85 2 2 2 §2 2 1% 2 2 1% 35 34% 35% 74% 74% 75 93% §93% 93% 69% * 6 8 71 105 *97 105 78 *73 77 151% 151 151% 38 *33 38 81% *80 82 85 * ............. 8 5 92 * 8 8 92 1 1 2 *108 1 1 2 64% 64 % 65% 8 8 % 8 8 % 89% 76 76% 78 49 48% 48% 81% 81% 82 67% 67% 67% 16 15 15 57 55% 56 24% 23% 23% YO R K STOCK E X C H A N G E R a ilr o a d s . A n n A r b o r ................................. * 6 8 /A D o p r e t ............... 87% 8 8 % A tc h . T o p e k a & S a n ta F e . 1 0 0 % 1 0 0 % Do p r e f ................................. 1 0 1 % 1 0 2 1 B a l t i m o r e & O h i o ............... 96% 96 % 11 D o p r e f ................................. 6 8 % 6 9 % B r o o k ly n R a p id T r a n s i t . . FI 30 131 B u ffa lo lio c li. & P i t t s b ’ g . c l 51 % 152 Do p r e f ... 1 3 6 % 1 3 7 % / C a n a d ia n P a c i f i c ................. 73 73 V V a n a d a S o u t h e r n ................. *184 187 C e n tr a l o f N e w J e r s e y ... 52% 5 2 % C h e s a p e a k e & O h i o ............... 36% 3 6 % C h i c a g o & A l t o n ..................... *71 72 Do p r e f ................................. * ............ 2 1 0 C h i c a g o <fc E a s t ’ n I l l i n o i s *120 140 Do p re f. 27% 2 8 % C h ic a g o G r e a t W e s t e r n .. *89% 91 Do 4 p. c. d e b e n tu re s *84 86 Do 5 p. c. p r e f. “ A ” . . 44% 46 Do 4 p. c . p r e f. “ B ” . . 1 7 8 % 1 7 9 % C h ic a g o M i lw . & S t . P a u l. *1 9 2 % 194 Do p r e f ................................. 2 2 0 2 2 0 C h i c a g o ife N o r t h W e s t e r n Do pref C h i c . R o c k T sl*d P a c ific *150 160 C h ic . S t. P . M in n . & O m . *190 195 Do p r e f ____ 18 18 C h ic a g o T e r m ’l T r a n s fe r . 34% 34% Do p r e f ................................. 1 1 1 1 % C h i c a g o Y J n io n T r a c t i o n . *46 50 Do p r e f ... *97 98 C le v e . G in . C h ic . & S t . L . Do p ref 29% 30 C o l o r a d o <fc S o ., v o t . t r u s t *70% 71 Do l s t p f . v o t . tr . c fs. *45 46 Do 2d p f. v o t . tr. c tfs. 1 8 0 % 1 8 1 % j ' l e l a w a r e c f c H u d s o n ____ 268 268 U ' e l a w . L a c k . &, W e s t ’ n . 39% 40% D enver R i o G r a n d e ____ 89% 89% Do p r e f ................................. *44 46 D es M o in e s F t. D od ge. 18 1 8 % D e t r o it S o u t h .v o t . t r . c t f s 35% 35% Do p re f. v o t. tr. c tfs . 89% 8 9 % D e t r o i t U n i t e d .......................... *17% 18 D u lu th S o . S h o re & A t l . . 26 26 Do p r e f ................................. 41 4 1 % I T r i e .................................................. 72% 7 3 % 1^ D o 1 s t p r e f ........................ 63% 64% Do 2 d p r e f ........................ 69 6 9 % E v a n s v . & T e r r e H a u t e .. *89 92 Do p r e f .. 6 8 % 6 8 % F t . W o r t h & D e n . C .,s t m p . * 2 0 2 208 G r e a t N o r t h e r n , p r e f .......... G r e e n B a y & W . , d e b . o t f .A 24 24% Do d e b . e tf. B 1 0 1 % 1 0 2 % FT o e k i n g V a l l e y ................... 97% 9 8 % If A D o p r e f .......................... 1 4 5 % 1 4 6 % D l l i n o i s C e n t r a l ..................... *43% 4 4 % I o w a C e n t r a l ............................ 72 72 Do p r e f ................................. 43 4 4 % [ 7 iin a w lia ^ M i c h i g a n .. 79% 7 9 % I A c .F t .S .< f c M .,t r . c t s . p fd *34 3 4 % K a n sa s C ity So. v o t. t r . .. 59 59 Do p ie f. v o t. tr. c tfs . 36 3 7 % K e o k u k <fc D e s M o i n e s . . . -5 9 65 Do p r e f .. 47% 4 7 % | a k e E r ie W e s t e r n ... 118 118 I ^ Do p r e f ................................. L. S h o re & M ic h . S o n th ’ n *78 8 (i L o n g I s la n d .. 126 1 2 6 % L o u is v ille N a s h v ille ... 145 1 4 5 % V | a n lia tta u E l e v a t e d ... 121% 124 i t I e t r o p . S e c u r ., s u b . r e c . 1 3 7 % 1 3 8 % M e t r o p o l i t a n S t r e e t ............ *35% 37 M e t . W e s t S i d e E l . ( C h i c .) *85% 8 8 Do p r e f ................... 25% 2 5 % M e x i c a n " C e n t r a l ..................... M ic h ig a n C e n tr a l *106 l0 9 M in n e a p o lis & S t. L o u is . *114 121 Do p r e f ____ 73% 7 3 % M in n . S. P . & S. S . M a n e . 124% 124% Do p r e f ................................. 27% 28% M o . K a n s a s & T e x a s .......... 60 61% Do p r e f ............................ 1 1 1 % 1 1 2 % M is s o u r i P a c i f i c ...................... *108 1 0 8 ^ VT a a li. C h a t t . S t. L o u is 19 19 a t. o f M e x ., v o t. tr . c tfs 38% 38% Do p r e f ., v o t . t r . c t f s 1 4 9 % 1 5 0 % N . Y . C e n t r a l cfe H u d s o n . . *41% 4 2 % N . Y . C h ic . & S t. L o u i s ... + lu 9 116 Do 1 s t p r e f ___ 84% 84% Do 2 d p r e f ...................... *2 2 0 2 2 2 N . Y . N . H a v en & H a r tf. 34% 3 4 % N . Y . O n ta r io W e ste rn . 7 4 % 7 4 % N o r f o l k & W e s t e r n .............. *90% 92% Do a d ju s tm e n t, p r e f. *69 71 O a c i t i c C o a s t C o ................... *90 105 i- D o 1 s t p r e f ........................ 74 74 Do 2 d p r e f ........................ 1 5 0 % 1 5 1 % P e n n s y l v a n i a ............................. -3 5 40 P e o r i a & E a s t e r n ............... P e r e M a r q u e t t e .......... *80 82 * ............ 8 5 Do p r e f ................... P i t t s b. C i n . C h i c . & S t . L . -8 7 91 Do p r e f ................... *108 114 63% 6 4 % | > e a d in g , v o t ’ g tr. c t f s .. -8 9 8 9 % J L A ast p r e f . v o t . t r . c t f s . . . 76% 78 2 d p re f. v o t ’ g tr. c tfs . 47% 4 8 % R o c k Island C o m p a n y . . . Do p r e f ................................. 81% 81% 67% 68 R u t l a n d ^ p r e f ............................. O t . J o s e p h i&Gr’dIsla n d . *14% 16 Do 1 s t p r e f ................. .. *55 56 Do 2 d p r e f ........................ *23 25 *37 96% 96% 6 8 % 6 8 % 130 130 151 *150 137% 137% 75 74% 188 *185 53 52% 36% 36% 72 71% 1 0 2 S T O C K S F r id a y F eb . o 39 70 * 6 8 8 8 1 0 0 T h u rsd a y F eb . 5 PAGES R a n g e Jor Y e a r 1 9 0 3 Range f o r P r e v io u $ S a les of On b a s is o f 1 0 0 -s h a r e lo t s Y e a r (1 9 0 2 ) th e W eek L ow est H ig h e s t S h a re s L o w es t H ig h e s t ...... 39 70 6 8 ,6 4 0 1 3 ,6 1 5 2 2 ,4 0 0 1 ,3 5 0 3 9 ,0 3 5 1 ,5 6 0 700 1 7 ,7 0 0 600 1 0 3 0 ,1 6 0 5 ,8 2 0 340 1 0 0 2 1 ,0 2 0 1 0 ...... 9 ,2 0 0 6 3 ,5 1 0 1 1 1 ,6 0 0 2 ,5 0 0 4 ,8 0 0 1 1 ,2 0 0 1 0 0 700 1 ,5 5 0 ...... 300 3 2 ,8 2 5 500 1 ,9 5 0 2 ,4 7 0 3 ,2 5 0 1 ,4 0 0 830 500 400 2 1 3 ,0 0 0 9 7 ,9 7 0 6 5 ,4 5 0 5 ,7 0 0 275 ...... 43 2 ,0 0 0 4 ,9 0 0 1 0 ,9 2 5 400 400 400 4 ,2 0 0 1 ,5 0 0 2 ,1 0 0 5 ,9 0 0 300 10 0 6 ,5 0 0 1 2 ,6 5 0 7 ,3 0 0 1 7 ,1 5 0 3 ,0 0 0 300 39% 69 83% 99 100 94 6 6 % 124 145 131% 71 180 48% 34% 71 202 130 27 89 84 40% 176% 192 218 250 200 160 194 18 32% 8 % 47 95% 118 28% 69 % 44% 171 262% 39 % Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Jan Jan Jan Jan Jan Jan Jan Jan Jan 8 8 Jan 44 Jan 1 7 % Jan 34 Jan 8 8 % J an 17% Jan 25 Jan 38% Jan 6 7 % Jan 5 1 % Jan 6 6 % Jan 91 Jan 62 Jan 200% Jan 85 Jan 24 Jan 96% Jan 95% Jan 145% Feb 40% Jan 7 1 % Jan 43% F eb 78 % Jan 3 3 % Jan 57% Jan 33% Jan 47% 118 334% 80 123% tl4 4 119 136 38 Feb Feb Jan Jan Jan Jan Jan Jan Jan 8 8 Jan 24% Jan 126 Jan 107 Feb 1 ,0 2 5 72 % Jan 935 122 Jan 5 ,8 5 0 2 ( % J an 3 ,9 0 0 5 8 % Jan 5 3 ,8 0 0 1 0 7 % J a n 20 0 1 0 5 % Jan 2 ,6 0 0 17 % Jan 1 ,2 0 0 34% J an 3 3 ,lo 3 1 4 9 % F e b 2 ,0 0 0 41 Jan 116 Jan io o 8 4 % J a n 193 §2 1 9 F eb 1 1 9 ,1 8 5 32 Jan 1 5 ,5 9 0 7 3 % J an 970 92 Jan 20 0 6 8 Jan 20 98 Jan 215 73 % Jan 2 2 2 ,9 4 0 1 4 9 % F e b 37 Jan 326 79 Feb 1 0 0 2 2 9 ,7 0 0 6 ,7 1 6 4 ,3 0 0 1 4 4 ,8 0 0 5 ,4 3 4 1 ,9 0 0 1 0 0 300 2 0 0 87 110 59% 85% 74 47 % 79% 65 14 54 23% Feb Jan J an Jan Jan Jan Jan Jan Jan Jan F eb 19 41 Jan 10 69 Jan 3 8 9 % Jan 24 10 3% Jan 3 104 Jan 3 96% Feb 3 7 0 % Jan 8 132 Feb lo 152 Feb 3 1 3 8 % Jan 14 78 % Jan 2 190 Jan 2 53 % Jan 21 37 % Jan 26 73% Jan 15 2 1 0 Feb 13 1 3 8 % Jan 24 2 9 .% J a n 2 9 0 % Jan 8 8 5 % Jan 15 4 6 % F eb 24 183% Jan 20 194% J an 24 2 2 4 % Jan 7 250 Jan 9 2 0 0 % Jan 19 1 6 2 Jan 5 194 Jan 20 19% Jan 21 36 Jan 3 1 7 % Jan 23 50% Jan 23 9 9 % Jan 8 11 9 Jan 2 31 % Jan 2 72 Jan 23 48 Jan 20 1 8 3 % Feb 5 27 6% Jan 23 42% Jan 15 90% Jan 5 47% Jan 19 20 % Jan 14 3 9 % Jan 2 90 Jan 26 19% Jan 26 28% Jan 3 42% Jan 7 74 Feb 2 64% Feb 2 7 2 % Jan 8 91 Jan 7 6 8 % F eb 8 2 0 9 Jan 9 85 Jan 21 27^> J a n 2 105% Jan 5 98% Feb 2 151 Jan 2 48 Jan 2 77% Jan 6 4 7 % Jan 16 8 1 % Jan 20 36 % Jan 2 61% Jan 21 37% F eb 3 6 5 5 23 30 31 30 53 118 Jan Feb 83 130% 155% 128% 142% 38 Jan Jan Jan Jan Jan 8 Jan 20 8 8 Jan 2 26% Jan 1 4 13 5 Jan 4 110 Jan 21 77 21 1 2 9 31 30% 2 62% 3 113% 26 10 9% 2 20% 3 40% 3 156 26 45 23 118 27 87 3 225% 2 35% 2 76 6 93% 21 72 5 98 5 76 2 1 5 7 % 23 39 2 82 3 8 13 13 22 21 24 9 10 8 5 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan F eb Jan Feb Jan Jan Jan Jan Jan Jan 10 21 10 10 9 6 9 5 6 14 5 19 19 5 7 5 29 9 13 9 5 7 9 14 8 9 21 5 9 8 12 14 6 27 10 9 8 2 8 6 6 8 2 2 6 7 6 9 5 5 8 8 6 22 9 5 19 6 10 12 12 6 2 12 2 2 4 8 6 7 8 14 6 6 8 20 10 15 9 5 9 5 9 9 16 8 8 10 7 1 0 19 9 5 6 2 10 5 28 lo 8 7 94 Jan 7 115 J an 17 69% Jan 2 89% F eO 5 81 Jan 6 5 3 % Jan 9 8 6 Jan 9 72 Jan 28 15% Jan 2 58 Jan 5 2 4 % Jan 19 33 03 74 % 95% 92% 92 54% 110 139 1 1 2 y4 71 155 42% 29% F eb Jan Jan Jan D ec D ec N ov Apr Apr Jan D ec N ov D ec D ec 6 8 N ov 1 3 4 34 J a n 13 6 % Sep 22 D ec 89% N ov 8 1 % D ec 33 D ec 1 6 0 % Jan 18o Jan 2 0 4 % Jan 230 Jan 152 Jan 140 Feb 1 9 4 7e N o v 15 D ec 29 D ec 1 0 34 J a n 4 4 34 M a r 93 N ov 118 Jan 1 4 % Jan 5 9 % Jan 28 Jan 153% N ov 231 N ov 35 % D ec 8 6 % D ec 35 D ec 13 F eb 26 D ec 75 J ’ne 10 Jan 1 8 % Jan 2 8 58 D e c 6 0 % D ec 4 1 % D ec 50 M ar 82 M ay 30 Jan 18 1% M ar 70 Jan 9 Jan 6 6 Jan 8 1 % Jan 137 Jan 35 % D ec 65 N ov 3 3 % Jan 75 D ec 19 Jan 44 Jan 13 Jan 45 Jan 40 D ec 12 0 O c t 325 Apr 72% N ov 1 0 2 % Jan 128 M ar 109% M ay 135 O ct 35 D ec 89 M ar 20 % D ec 2150 M ar 105 .Jan 1 1 8 % Jan 3 6 % Jan 90 J an 2 2 % D ec i)l J an 96% M ar 8 0 Jan c l4 D ec 3 1 34 D e c 147 N ov 40 N ov 110% N ov 80 N ov 2 0 9 % Jan 25% D ec 55 Jan 90 F eb 65 D ec 1 0 0 % Jan 72 % D ec 147 Jan 30 N ov 71 F eb 80 M ay 8 0 % Jan 113 M ar 52% M ai 79% M ar 60 Jan 3 3 % D ec 71 N ov 64 % D ec 10 D ec 49% D ec 24% N ov 48% 77% 96% 106% 118% 99 72% 128 145 145% 97 198 57% 45% 79 2 2 0 % 151 35 95% 90% 51% 198% 200% 271 274% 206 170% 210 24% 44 23 60 108% 124% 35% 79 % 53% 184% 297 M ay M ay Sep Sep Sep Sep J ’l y Aug Sep Sep M ay Jan Sep J ’l y J ’l y J ’ ly J ’l y Ang J ’ne J ’n e Aug Sep Sep Apr Apr Sep Apr Apr Aug Sep Apr Apr Aug Sep J ’l y Aug Sep Jan Feb Aug Aug J ’ ly Sep Sep Sep Aug Apr Jan Jan Jan M ar F eb D ec D ec M ay O ct Aug D ec Aug Aug Apr Aug Aug Aug Apr Sep Apr Jan Feb Apr M ay Aug N ov J ’l y F eb Jan M ar M ar Apr Apr Apr N ov Sep Sep Sep Sep Apr Sep M ar Jan Aug Jan Aug Apr Sep O ct J ’ly Sep M ar Sep Sep Apr Sep Sep Sep M ay Sep Sep Sep D eo N ov Apr Aug Sep Sep 5 1 34 96% 53% 25 48% 97 24 35% 44% 75% 63% 74% 104% 67% 203 90 29% 106 98% 173% 51% 90% 50% 8 8 39 62% 41 84 71% 138 340 91% 159% 158 134% 174 43 91% 31 % 192 115 127% 84 139 35% 69% 125% 122 21% 45% 168% 57% 124% 100 255 37 % 80% 98 81% 106 84% 170 47% 85% 93 105 % 128 78% 90% 80% 50% 85 % 125 24% 81 % 42 B A N K S A N D T R U S T CO M P A N IE S— B R O K E R S’ Q U O TA TIO N S H an k s N E W YORK B id A m e r ic a ® . . . A m e r E x c h .. A s l u r _____ . . . B o w e r v li B ro a d w a y .. B u t c h ’ s dc D r C e n t r a l .......... .. C e n t u r y !|. C h a s e ............... C h a th a m . . . C h e m ic a i. . . C i t i z e n s ’ .......... 545 270 750 325 360 150 f 180 % 175 ~ 700 355 1300 190 A sk 560 280 10 0 0 370 170 r i8 0 % 365 1350 192 Banks B id A sk C i t y .................... 300 375 350 320 1302 1 C o lo n ia l ... C o lu m b ia ^ . . C o m m e r c e .. . C o n s o lid a te d 2 0 0 C ’m E x ch g etJ 4 3 5 E a s t R i v e r .. 1 6 0 E q u ita b le . . . 1 1 5 F i d e l i t y ! ) ____ 1 9 0 F ifth A v e il.. 3 7 0 0 F i f t h ............ .. 375 F i r s t ................... 7 7 5 1 4 t h S t r e e t ^ 1. 2 0 0 325 204 445 4000 425 300 Banks F o u rth . G a lla tin . . . . G a n se v o o rtn G a r fie ld ^ B id f 235 425 140500 (Tfinnan Am!]' 1 6 0 G e r m a n E x it 3 5 0 600 G e r m a n ia T j . G r e e n w i c h ®| 3 5 0 H a m i l t o n ! ! .. 1 7 0 H a n o v e r .......... 6 3 5 Im p & T r a d . 6 5 0 I r v i n g ............ J o t t e r s o n T l ... 1 6 0 A sk 435 170 670 245 175 Banks B id L ea th er M fr . L i b e r t y .......... L i n c o l n ............ M a n h a t t a n * !. M a r k e t, ,ir. F n 1 M e c h a n ic s ’ . M e c h iSa T ra*i M e r c a n tile . . M e r c li E x c h . M e rc h a n ts’ . . M e tro p n e w : M t M o r r i s !) .. M u t u a l !) 300 600 1050 325 260 285 tlGO % 340 165 1182 1411 2 2 0 290 A sk 1150 340 270 295 355 175 1500 240 Banks N a s s a u ll . . . N e w A m ste r N ew Y ork Co N Y N at E x. N ew Y ork . 1 9 t l i W a r d llN o r th A m e r . N o r t h e r n ____ O r i e n t a l 'l l . . . . P a c i t i .c n .......... P a r k . . . ............ P e o p l e ’ s n ____ P l i e i n x . 1 ____ B id 195 540 1500 275 330 150 250 A sk 205 575 300 340 255 180 215 240 1667 285 300 fl*29% Banks Bid P l a z a * | ............... P rod E x c lili. R iv e r s id e ll . . s e a b o a r d ____ Second . . . . . . S e v e n t h .......... S h o e tte L o t h . S t a t e n ............... 3 4 t h S t r e e t !! 1 2 th W a r d ;. 2 3 d W a r d !) .. U n i t e d ............... V a n c k !|.......... 1624 170 300 600 650 115 1175 700 A sk 180 1 2 1 2 2 0 125 125 125 135 2 1 0 2 2 0 135 * B u i a n d a s k e d p r ic e s ; n o s a le s w e r e m a d e o n tin s d a y . § D ess tu a n 1 0 0 sn a r e s, i F 'c r ig iiD .s . *| S t a t e b a n k s . a E x d iv id e n d a n d r ig h ts . 5 N e w s to c k . 1 S a le a t S t o c k E x c h a n g e o r a t a u c t io n th is w e e k , s T r u s t C o. c e r tific a te s . c I n c lu d e s , p r io r to M a y 1 7 , d e a lin g s in o ld M e x . N a t . t r u s t r e o e ip ts . Stock Record— Concluded— Page 2 F e b r u a r y 7, 1903.J S T O C K S — H IG H E S T A N D S a tu rd a y J a n . 31 814 *804 73 264 60 63 354 *05 *94 *40 *123 •29 44 *120 1 2034 9234 934 19 814 81 73 264 *60 64 35 4 954 *94 394 126 -34 294 45 *119 10041014 101 934 -18 62 304 454 25 57 354 264 624 120 93 21 *62 294 444 *24 4 *56 68 *66 *34 4 3 6 4 *35 2 6 4 2634 2 6 4 62 162 624 *62 29 4 *44 ae -2 4 4 *200 6 6 <ift 6234 2 94 447, 26^ 220 120 93 4 214 63 304 46 25 4 57 37 264 624 *200 220 6 6 4 68 *........ 4 4 4 4 *4 4 0 4 4034 4 0 4 41 -0 1 4 9178 $92 4 92 4 *43 4 4 4 444 37 37 *220 230 2678 27 *9 34 114 4 0 4 41 *17 4 1834 46 y4 4 54 29 29 93 4 46 464 95 34 9534 *........ 127 4 *97 984 12941294 121 121 •134 1434 80 80 *99 4 1 0 0 •220 228 14 14 7 4 4 744 *116 126 19 194 2 1 7 4 2174 *117 118 3234 32*4 •334 84 •137 4 1 4 0 3134 3134 •193 1964 *18 184 T u esd a y F eb. 3 834 82 734 264 604 644 364 954 98 40 127 354 30 4 454 824 *80 73 264 594 634 354 95 h 95 4 *92 98 404 394 125 *124 * 364 30 30 44 44 824 814 734 27 1 00 »6 19 M on d ay F eb . 2 38 230 * 2 6 4 264 94 94 35 •33 1 1 4 114 404 414 *174 184 $45 45 2 8 4 29 9 3 4 94 4*4 4 4 -24 244 46 464 954 954 * 1274 97 97 12841294 12141214 *36 *220 *134 144 79 79 1004102 *220 228 14 14 74 74 *115 125 19 194 2164217 11741174 33 33 84 84 *1374140 3 1 4 314 194 1944 -1 7 4 1 8 4 *724 734 60 60 12 12 12 12 4 6 4 4678 46 4 464 *104 4 106 -1 0 4 4 1 0 6 *2 7 4 28 27 4 28 92 92 923s 92 •169 172 *169 173 •113 118 *1124119 *39 40 1064 1067g 107 108 4 6 44 644 36 3 4 6 3 4 9438 944 3 9 3 4 93 4 *232 234 *232 234 *32 34 3 2 4 324 *85 864 21 21 21 214 7 84 T£4 7 8 4 784 25 254 *24y4 2 o 4 *11 79 4 8 0 4 794 67 4 674 6734 69 *91 94 $93 4 9 3 4 *5 4 -5 4 54 64 62 °8 62 o* 63 634 *38 40 40 *38 *14 144 34 4 *14 *78 7 8 4 *774 80 *12 14 *50 54 •136 142 -135 140 1124 124 124 124 ' 89 4 89 4 89 4 8 9 4 23 78 23 7e 2 3 4 2 4 4 69 4 69 7e 69 4 6 9 4 17 17 17 174 52 4 52 4 534 534 37 374 3 7 4 37 4 87 36*e 8 7 4 874 6 2 4 624 *62 63 *122 128 *121 128 4 294 294 8 0 4 804 *220 235 *220 *894 904 894 894 *2164 220 *2134 217 225 *2 10 225 1 0 1 4 102 4 62 314 474 264 58 4 364 264 52 4 62 31 474 264 584 364 264 62 4 21 121 12 46 4 464 104 4 1 0 4 4 28 294 9 2 4 94 *165 173 115 115 *39 40 107 1074 63 64 93 93 4 2 3 3 4 233 4 324 324 *85 4 864 21 214 7 8 4 79 4 26 264 81 814 6 6 4 69 *937e 95 *54 54 63 644 *38 40 78 134 524 140 12 4 894 234 694 174 52;4 374 874 *62 78 134 524 146 *22o" 894 *2134 *210 235** 894 216 225 124 894 24 694 174 534 384 884 63 *121 128 2 9 4 304 934 *18 62 304 467a 26 574 364 264 524 934 21 T h u rsd a y F eb. 5 1024 94 *18 60 304 474 264 584 36 4 27 53 1024 95 4 21 624 314 48 264 59 4 374 28 544 225 *220 225 694 6 8 4 694 * 68 4 4 4 4 4 4 404 414 41 414 9 1 4 92 91*8 92 45 45 *43 454 *96 98 *96 98 *37 *37 39 394 232 235 *220 232 2 6 4 264 9 7§ 104 94 94 36 3 4 4 30 4 *35 114 1 1 4 114 114 414 41 40 4 4 1 4 * 1 7 4 1 8 4 $174 1 7 4 48 *44 47 4 *43 2 9 4 3 04 2 9 4 304 95 94 9 4 4 *94 5 6 -4 4 *4 4 *24 244 2 4 4 *24 4 7 4 474 4 7 4 474 97 98 974 * 9 6 4 1274 + 1274 *97 98 *97 98 1284130 12941304 * 1 2 0 4 1 2 1 4 121 121 163 163 144 144 *1 3 4 15 80 *73 7 9 4 *78 1084 H 0 4 109 111 225 225 *220 226 144 144 754 764 7 5 4 754 *110 125 *110 120 194 20 194 1 9 4 217 218M 218 2184 *117 118 11741174 33 334 3 3 4 334 844 8 4 4 8 4 4 *84 *13741 40 *1374140 $324 32 4 314 32 191 193 19141924 19 1 84 1 84 194 734 734 73 4 734 54 67 54 *54 44 45 45 444 83 84 1 2 4 12*4 $114 114 47 474 *464 4 7 4 104 4 1 0 4 4 *104 105 284 2 9 4 2 8 4 29 *92 4 94 93 4 94 170 1744 170 170 113 115 * 1 1 2 4 1 1 8 40 4 4 1 4 3 9 4 424 1064 107 4 10741 08 634 0 3 4 6 3 4 64 92 4 93 93 4 934 233 4 233 4 234 234 334 35 32 4 33 4 87 87 87 *86 2 1 4 224 2 1 4 22 79 4 7 9 4 7 9 4 79 4 26 254 264 264 8 1 4 8 l 34 814 84 69 69 70 6 94 *93 4 95 *9 3 4 95 54 *54 54 *54 6 4 4 65 6 4 4 64 4 40 *39 3 94 394 14 14 14 14 774 774 *774 79 14 1 44 134 144 534 54 53 544 149 150 4 149 150 134 134 124 13 4 8 9 4 9034 9 04 914 244 24 24 24 4 69 4 704 694 704 17 17 1 74 174 54 7S 5 4 4 53 53*8 3 8 4 39 384 3 9 4 88 4 8 8 4 80 4 894 63 4 644 62 4 6 3 4 12341 25 126 127 304 304 3 04 3 04 8 24 824 73 4 28 614 65 4 364 954 98 40 4 1274 36 304 46 4 120 1 O1 70 1 0 2 4 944 20 61 304 47 4 26 584 36 4 28 64 *220 95 204 61 314 484 264 58 4 37 4 29 554 225 6 94 N E W YORK STOCK EXCHANGE St. Louis <& San Fran....... 36,438 71 Jan 16 8 3 4 Feb 3 5 5 4 Jan 600 79 .Tan Do l s t p r e f .......... . 82 4 Feb | 77 Dec 3,800 70 4 Jan 19 74 4 Jan 30 , 65 4 Dec Do 2d pref............. St. Louis Southwestern.. 13.925 2 6 4 Jan 2f 30 Jan 7 2 4 4 Dec 5,60< 59 4 Feb 1 66 Jan 7 554 Mar Do pref.................. . 61,037 63 4 Jan 30 6 8 4 Jan 9 56 Dec Southern Pacific C o__ Southern v.tr. cis. gtmped 60,600 34 Jan 3 6 4 Jan 9 I 28 Dec 1,915 9 2 4 Jan Do pref. do 9 5 4 Jan 17 8 9 4 Dec M. & O. stocktr. ctfs ... 94 Jan 7 95 Jan 19 90 May rPexas & Pacific............. 11,97*; 39 4 Jan 21 43 Jan 9 37 Dec 400 124 Jan 20 1 2 8 4 Jan 2 *122 Jan 1 hird A venue (N. Y .) ... Toledo Bail ways & Light 3 4 4 J a n 5 3 7 4 Jan 12 3 2 4 Nov 1,410 28 Jan 2 3 1 4 Jan 9 ! 1 8 4 Jan L’ol. St. L. & W. y . tr. ctfs 3,539 44 Jan 31 48 Jan 8 35 Jan Do pref. vot. tr. ctfs. 100 1184 Jan 2 1224 Jan 23 107 Jan Do p r e f.... 158 Jan 12 159 Jan 12 1 5 6 4 Aug 83,000 1004 Jan 3 1044 Jan 9 I 93 4 Dec nion Pacific. 9,710 Do pref___ 92 4 Jan 30 95 4 Feb 5 8 6 4 Mar 600 19 Jan 31 2 2 4 Jan 13 20 Dec 800 60 Feb Do pref. 60 Dec 6 4 4 Jan 26,150 28 4 Jan 23 32 4 Jan abash 214 Jan 90,995 44 Jan 8 4 8 4 Feb Do pref..................... 37 Dec 5,84 244 Jan 24 27 Jan ~ 17 Jan g & Lake E rie ... 2,950 56 Jan 2 59 4 Jan 13 4 9 4 Jan Do 1st pref................ 5,000 3 4 4 Jan 22 3 7 4 Feb Do 2d pref................. 28 Jan 16,900 2 6 4 Jan24 29 Feb 1 9 4 Jan Do pref. vot. tr. ctfs. 12,420 5 2 4 Jan 13 55 4 Feb 3 9 4 Jan (J W Industrial & A Uiwcell A sk B an ks BROOKLYN 8 5 4 J ’ly 90 J’ ly 8 0 4 J ’ly 39 Aug 80 Sep 814 Sep 4 1 4 Aug 9 8 4 Apr 93 Nov 5 4 4 Sep 134 Feb 38 Sep 33 4 Oct 4 9 4 Sep 129 Aug 159 4 Feb 1134 Aug 95 Aug 2 4 4 Oct 66 Nov 3 8 4 Sep 54 4 Sep 30 4 Sep 66 Apr 4 2 4 Sep 31 Aug 5 7 4 Aug 2204 Jan 30 2215 Jan 16 $198 J ’ly $240 Oct 68 6 2 4 Jan 15 6 9 4 Feb 6 53 Nov 79 Feb * ........ 4 , 4 Jan 21 4 Dec 8 4 Apr 4 Jan 3 1 4 Dec 2 6 4 Apr 1 Jan 5 4 Jan 24 *4 1 “ 3 5 4 Jan 3 4 1 4 Jan 19 2 8 4 Apr 3 7 4 Oct 41 414 ; 9 1 4 92 9 0 4 Jan 16 93 Jan 6 85 4 Jan 9 3 4 Oct 4 3 4 Jan 21 4 6 4 Jan 3 0 4 Jan 5 74 A pr 4 4 4 44 4 i *90 98 96 Feb 3 96 Feb 86 Feb 99 4 A pr 200 37 Jan 31 4 1 4 Jan *37 39 32 4 Jan 4 2 4 May *230 240 i 200 2204 Jan 30 235 Feb 210 Jan 265 Aug 500 2 6 4 Jan 10 267ft 2 6 4 , 27 Dec 6 24 Aug 2,200 9 4 Jan 28 21 91 44 Jan 8 4 Dec 134 Oct J an *94 1 0 4 ; 1,300 34 Jan 29 3 7 4 Jan 34 Dec 43 4 Sep *........ 36 De p re f... 2,722 1 0 4 Jan 5 l l 34Jan _ 1O70 1 1 4 j ieri( m Ice. 9 4 J’ ly 3 1 4 Jan 11,158 3 8 4 Jan 5 4 2 4 Jan 30 32 J ’ly 67 Jan Do pref... 3 9 4 41*8 20 16 Jan 2 1 94 Jan 6 14 Dec 28 Apr *1 7 4 184^ ieri< 110 43 Jan 5 48 4 Jan 6 39 4 Dec 58 M^.r *43 48 Do p ref....................... ieri< an L ocom otive... 10,850 2 8 4 Jan 23 3 0 4 Jan 6 23 4 Dec 36 4 A pr 294 304 1,250 93 Jan 23 95 Jan 7 89 Jan 1004 Apr *94 95 Do p ref....................... 100 5 Jan 7 4 May 5 Jan 6 434 Jan 7 *4°8 44 i 100 23 Jan 16 2 4 4 Jan 10 21 dan 29 Sep Do pref. 2 4 4 244 13,085 4 2 4 Jan 3 4 7 4 Feb 4 37 Nov 4 9 4 May 4 7 4 4 7 4 1 ier. Smelt1 19,400 93 Jan 5 98 Feb 5 87 4 Nov 1 0 0 4 J ’ne Do pref. 9 7 4 9734 125 Jan 29 125 Jan 29 4 0 4 Jan 135 Oct * ........ 1274 , leriean Sn 200 96 Jan 13 9 8 4 Jan 20 85 Jan 101 Oct Do pref. *97 9 84 42,050 1274 Jan 3 1344 Jan 8 113 Nov 1354 Mar 1283s 1294 1 leriean Su 910 120 Jan 3 1214 Jan 14 115 Jan 122 Aug Do pref. U21 1214 350 163 Feb 5 1 6 5 4 Jan 17' 1604 Jan 186 Apr 163 103 4 1 200 12 4 Jan 19 1 4 4 Feb 3 12 Dec 17 4 Jan m Woolen, *1 3 4 15 1 350 77 Jan 12 80 Jan 31 ! 73 Apr 8 0 4 Sep $79 80 Do pref.......... . 18,600 95 Jan 21 111 Feb 4 dS 0 Dec 146 Feb 10741104 c 400 225 Jan 21 225 Jan 21 210 Jan 253 Aag *222 230 7 7q Dec 1 4 4 Apr *1438 14^0 Im p’ t 2,050 10 Jan 5 1 5 4 Jan 29 2,800 7 34 Jan 20 8 2 4 Jan 6 7 3 4 Aug 110 4 Apr 74 76 *112 130 122 Jan 3 122 Jan 3 $130 Jan $140 Mnr Do pref. 1,620 19 Jan 26 204 Jan l o 1 4 4 Jan 2 4 4 Oct Coal & Iron. 194 194 C 1,850 215 Jan 23 222 Jan 7 205 Dec 2304 Apr 217 218 ( 500 1164 Jan 20 119 Jan 2 114 Dec 1 2 6 4 J’ne * l l7 0 s l l8 ( 5,150 3 0 4 Jan 2 3 4 4 Jan 19 2 6 4 Dec 3 8 4 Mar 33 4 3 3 4 C •n Products. 559 82 Jan 2 8 5 4 Jan 19 7 9 4 Dec 90 Max Do pref__ 8 4 4 844 *1374140 1374 Jan 7 140 Jan 19 1304 Jan 1394 Jan i ‘ 897 30 Jan 26 3 4 4 Jan 6 27 Dec 33 Dec 32 32 J 6,773 183 Jan 2 198 Jan 334 Apr 192 1924 ( 2,235 1 74 Jan 20 197s Jan 5 16 4 Dec 2 3 4 Mar 19 194 975 7 1 4 Jan 13 7 4 4 Feb 0 70 Dec 7 7 4 Jan Do pref. 7 3 4 744 350 54 Feb 5 73 Jan ly 49 Dec 199 A pr .................. i Power. 1,600 43 4 Feb 6 46 Jan 8 40 Dec 574 Mar 434 434 1 200 83 Feb 5 8 9 4 Jan 12 82 Dec 95 Oct *82 85 Do pref. 650 11 Jan 7 12 4 Feb 4 9 Oct 19 Apr *12 14 1 Beach. 1,445 45*4 Jan 14 4 7 4 Feb 4- , 40 Nov 53 4 Mar 467s 47 4 VTational Biscuit. 700 103 Jan 3 106 Jan 5||1014 Dec 109 4 Apr *10438 105 iM 5 ^ Do pref. 12,530 26 Jan 15 29 4 Feb 5 15 4 Jan 32 Sep 2850 29 I tional Lea 1,600 9 1 4 Jan 21 94 Feb 3 7 8 4 Jan 96 Oct Do pref. *93 94 4 600 170 Jan 13 177 Jan 2 148 Mar 196 Apr 170 170 1 500 113 Feb 4 1 2 4 4 Jan 7 88 Jan 134 Sep 115 115 I 4,100 3 9 4 Jan 2 424 Jan 7 37 Nov 4 9 4 Mar 414 414 18,480 103 Jan 3 1084 Feb • 9 8 4 Jan 1094 Sep 107 4 1074 5,300 62 Jan 3 654 Jan 26 39 Jan 63 4 Oct 6 3 4 64 I 2,311 92 4 Feb 5 9 4 4 Jan s 824 Feb 9 6 4 Oct Do pref. 93 934 798 230 Jan 2 2354 Jan 14 215 Jan 250 Apr 235 235 I 3,900 3 1 4 Jan 24 36 Feb 6 24 Apr 3 8 4 Sep 35 36 > ail way Steel Spring. 800 8 4 4 Jan 24 87 4 Feb 6 80 Apr 9 0 4 Oct 87 8 7 4 VD o pref..................... 1G.950 2 0 4 Jan 2 2 2 4 Feb 5 1 5 4 Jan 2 4 4 sep 2 1 4 224 4,155 7 7 4 Jan 2 79 58 Feb 5 68 Jan S 3 4 Sep Do pref. 79-4 7 9 4 11,265 2 1 4 Jan 5 2 6 4 Feb 3 174 Feb 2 5 4 Apr 2334 2 6 4 I 3,455 7234 Jan 9 84 4 Feb 6 63 J'ly 7 4 4 Mar 84 84 4 Do pref....................... 3,050 5 9 4 Jan 2 70 Feb 4 2 9 4 Jan 83 Sep $70 70 t,Moss-Shetfield St. & Iron 60 9 0 4 Jan 2 9 3 4 Tan 22 8 0 4 May 95 4 Sep *94 ........ J Do p ref..................... 4 Jan 8 4 A pr 6 Jan 8 *5 4 54? 5 4 Jan 5 6 4 4 65 4 ri un. Coal, Iron <fc R R ... 24,910 5 9 4 Jan 2 6 5 4 Feb 0 49 4 Dec 7 4 4 Apr 100 39 4 Jan 27 4 0 4 Jan 7 35 Jan 4 4 4 Feb *38 40 1 xas Pacific Land Trust 600 13 Jan 3 15 Jan 19 1 1 4 Nov 1 8 4 Apr nion Bag & P ap er... 14 144 400 77 Jan 2 7 94 Jan 8 72 Jan 85 Apr Do pref.................... 7 8 4 78 4 1,700 1 3 4 Jan 5 1 4 4 Feb 4 1 0 4 May 17 Oct 1 4 4 1 44 1 1,300 52 Jan 14 54 4 Feb 5 42 May- 59 Sep 54 5 4 14 Do pref. 1,696 139 Jan 23 1504 Feb 4 97 Jan 160 Aug $1494 1494 l 29,670 1 2 4 Feb 2 134 Feb 5 1 0 4 Dec 154 Sep 13 4 134 l Do pref....................... 10,915 8 8 4 Jan 16 9 1 4 Feb 51 7 9 4 Jan 9 1 4 Sep 9 0 4 91 20 Nov 32 Oct 2 8 4 Jan 24 4 2 4 4 1 JRealty& Construction 13,972 70 704 Do pref....................... 3,716 69 4 Jan 24 73 Jan 2 6 4 4 Nov 7 5 4 Oct 4,670 164 Jan 26 1 8 4 Jan 13 14 Jan 1 9 4 Oct 1 7 4 134 1 ited States R ubber___ 1,727 52 Jan 30 57 4 Jan 5 49 4 Dec 64 Mar 56 564 Do pref....................... 384 394 1 ited States Steel.......... 204,590 3 6 4 Jan 21 3 9 4 Feb 5 2 94 Dec 4 6 4 Jan Do pref....................... 83,805 86 4 Jan 2 8 9 4 Jan 7 79 Dec 9 74 Jan 8 8 4 89 4 4,200 614 Jan 15 6 4 4 Feb 5 54 Dec 7 6 4 Apr 6434 6 4 4 1 ‘ginia-Carolina Ohem.. 700 2 1 4 Jan 22 127 Feb 5 120 Dec 3 4 4 Sep Do pref....................... 1264 1264 700 2 9 4 Jan 30 3 3 4 Jan 9 2 9 4 Nov 3 3 4 Nov 2934 2 9 4 A lean D etinning............ 100 80 Jan 13 81 Jan .9 7 8 4 Oct 8 1 4 Dec Do pref....................... 695 220 Jan 7 249 4 Feb 6 }1S5 Jan $255 Aug / ells, Fargo Co....... 240** 244** 24*5 * 2*4*8*" 249 4 249 4 1,218 8 3 4 Jan 3 93 Jan 4 844 J ’ly 9 7 4 Aug 894 90 4 ' est’ n Union Tele’ gph 90 90 9 04 904 ' 400 209 Jan 2 221 Jan 7 1694 Jan 233 Sep 2 1 5 4 2 1 5 4 *2134 2154 21334 21334 \ 220 Do ls t p r e f................. 215 Jan 3 224 Jan # ISO Jan 234 Apr *210 -2 1 0 *210 225 220 AND TRUST dams Express............. malgamated C opper... 210,500 300 3,667 Do pref. 6,650 leriean Ca 1,703 Do pref. 500 terican Cc Oil. 100 Do pref. C O M P A N IE S — B R O K E R S ’ T rust C o’ s B id T ru st Cos. B id A s k Farm Lo<feTr 1450 N. Y. CITY Fifth A ve Tr 000 Atlantic T r.. 350 360 Manufactrs’ . 325 375 Rowl’ gGreen 240 250 Guaranty Tr 730 M echanics! . 2204 BroadwayTi. 160 170 Guardian Tr f 200 395 Merchants’ .. 110 C’ IR’tyBATr t o o o 1606 Knick ’rb’k’ r 815 N assau____ 350 BROOKLYN Nat City___ 305 320 Central T r’st 2000 2050 Lincoln T r... 395 Bedford^ ___ 225 City T ru st... 395 405 M cV ’ck’ rltty 265 North Side!. 215 230 Borough!__ 100 Manhattan .. 500 C olonial....... 400 420 People’ s ! ___ 206 Broadway’! . . 300 Mercantile .. tll70 Continental. 690 17tli W ard!. 130 Brooklyn! 130 Merchants’ .. 325 Sprague....... 200 Eastern T r.. 185 i*9f> 8th W ard! -- 75 Empire State 190 200 Metropolitan 720 26tli W ard!. 135 6th Avenue* 120 Morto 11Trust 1060 Equitable Tr 550 U n io n !___” . 140 160 First........... 375 4*0*6 W allabout! . 105 Mut. Alliance 270 Exchange Tr * Bid and asked prices; no sales ou this day. $ Less than 100 shares, t Ex rights, d Be luuing I cates. 1 Sale at Stock Exchange or at auotion tins week. 0 Ex stock dividend. 5 Trust Go. certifio B id 200 200 570 3^5 375 R a n g e l o r Y ea r 1 2 0 3 R a n g e f o r P r e v io u s S a les of On b a sts o f 1 0 0 -sh a re lots, Y ea r ( 1 2 0 2 ) the W eek, S h a res L ow est H ig h e s t L ow est I H ig h e s t STOCK S F r id a y Feb. fj 81 34 83 80 82 82 4 82 4 73 4 7 3 4 734 27 28:{h 27 4 624 614 014 65 4 65 4 64 4 364 354 95 4 95 4 95 *95 98 *94 40 4 41 . 394 1274127 4 126 *34 36 * ........ 30 304 304 45 4 454 *45 *1194 *220 BANKS B anks W ashingt’ nl Wash. H ’hts! West S id e!.. Western now Yorkvillel .. 834 82 4 734 27 4 61 65 4 364 95 4 98 404 127 354 30 45 1204 10 1 4 934 144 144 *78 80 10541084 *2 2 0 228 14 144 744 754 -110 125 19 19 21742174 *117 1184 33 334 *8 3 4 85 *13741 40 31 4 314 19141934 18 194 724 734 *55 65 12 W ed n esd a y Feb. 4 82 83 4 81 814 734 734 27 264 61 604 04 4 644 354 36 954 954 98 *94 40 404 127 126 364 *35 30 304 45 45 1204 *119 *200 225 674 684 * ........ 4 4 4 404 404 914 914 *43 45 96 96 38 4 384 *220 230 *2 6 4 2 6 4 94 94 *33 85 114 114 40 404 *1 7 4 1 8 4 *43 48 284 294 94 94 *44 5 *24 244 464 474 9 5 4 97 *........ 127 4 -96 984 12741284 121 L O W E S T S A L E P R IC E S 319 B id A sk Q U O T A T IO N S T ru st C o’ s B id A s k I T rust Co*s B id 1A s k BROOKLYN N Y LifeATr 1225 1250 4S0 N Y 8 e c & T r 135u 1390; j B r o o k l y n T r North Amer. 310 320 | F la t b u s h ------ 1 7 5 . Real Est Tr’ t 400 . . . . . . I F r a n k l i n ____ 344 H a m i l t o n ------ 3 Jo StandardTr’t 390 835 Tr Co of A m . 3u3 307 1|K i n g s C o ------ 4 3 0 4 405 L 1s l L dc Tr. 3 2 0 4 154 T rC oof Rpbc 275 N a s s a u ........ 0 .t* Union Trust 1410 _ U SM tgcfcTr fbOO . . . . . . People’ s ....... 350 1. Unit States. 1690 1715 Williamsb’g. 255 . 335 Van N ’denTr 260 2titf 1 735 1090 W ashington. 420 •.......| W indsor....... 255 265 1 300 March 31 quoted per cent lustead of dol.urs per share. ! Banks marked with a paragraph ( ! ) are State banks A sk 1500 625 750 New York Stock Exchange— Bond Record, Friday, Weekly and Yearly O C C U P Y IN G BONOS N. Y. STOCK E X C H A N G E *•2 SfOo ^> W e e k E n d in g F e b 6 P r ic e F r id a y F eb 6 B id U. S. G o v e rn m e n t U S 2s consol registered.rfl030 U S 2s consol cou pon ___d l9 3 0 U S 2s consol reg sm all..<11930 U S 2s consol coup small, d l 930 U S 3s re g iste re d .............?cl918 U S 3s cou pon ................... fcl918 V S 3s reg sm all b o n d s .. k \918 U S 3s cou small b o n d s ../c l9 18 "U S 4s reg istered ............. M 907 U S 4s c o u p o n ................. Til 9 07 U S 4s registered................1925 XJ S 4s c o u p o n ..................... 1925 XJ S 5s registered................ 1904 U S 5s co u p o n ..................... 1904 Q-J Q-J Q-J Q-J Q-F Q-F Q-F Q-F Q-J Q-J Q-F Q-F Q-F Q-F W e ek 's R ange or L a st S a le A s k L oio ce FOUR H ig h 108X4109*4 108% A ug’02 I 0 8 X4 109*4 108% N ov’02 107 107 108 108 106 *2 ......... 110% n o 111 13434 135*2 135*2 137 IO 2 X4 10334 10234 103% 110 BO N D S N. Y\ STOCK E X C H A N G E R ange S in ce J an u a ry 1 H ig h JSo L ow 10734 D ec Mi ll^ * * 107** 107 J ’ ne’O 10734 D e c ’ 02 110*2 J a n ’03 10934 Jan ’03 135 *2 D e c ’ 02 136*2 N ov ’02 10334 D e c ’02 103% N ov ’02 107*8 10834 109*2110*2 109Xi 110*4 F o r e ig n G o v e rn m e n t 95*2 F e b ’02 9534 . . . . Frankfort-on-M ain 3*28 ser 1 .. M-S T h e se a r e p r i c e 5 on th e b a s i s o f fo u r m a r k s to o n e d o lia r . 96*2 Jan ’ 03 96*2 96*2 XJ S of M exico s f g 5s of 1899 Q-J 1 hese a r e p r ices 0 n th e b a sis Of $5 to &. S ta te S e cu ritie s 10438 Sep ’02 Alabam a class A 4 to 5 ___ 1900 J - J 109*4 Oct ’ 00 Class B 5 s.......................... 1900 J -J 102*2 M ar’02 Class C 4 s....................... ..1900 J -J 111 M ar’02 Currency funding 4 s___1920 J-J 126 O c t ’ 01 Diet of Columbia 3*65s___ 1924 F-A 121 106K Oct ’02 Louisiana new consol 4 s .. 1914 J-J 109*2 F e b ’99 S m a ll................................................ M issouri fu n din g___1894-1995 J-J 104 N ov ’ 02 N orth Carolina consol 4 s .1910 J -J 136*2 J ’ly ’01 6 s......................................... 1919 A-O 120 M ar’OO S o Carolina 4 *28 20-40........1933 J-J 95 97 Tenn new settlem ent 3 s ..1913 J -J 963s 963s 96*2 97 94 *2 Oct ’ 02 S m a ll.......................................... J -J 98 *2 Oct ’ 02 V irginia fund debt 2 -3 s ...l9 9 1 J -J ....... 97 R eg iste re d ................................ J -J 20 11 12 11 U 6s deferred B row n Bros ctfs. l i * Sale R a ilr o a d labama Cent S ee So Ry laba Midi See Saw Fla & W A lban y & Susq S ee Del & Hud A llegh en y V alley 8’ce P e n n R R A lle g & W est S ee Bull R & P A m D ock & Im S ee Cent of N J A n n A rb or 1st g 4 s.........7tl995 Q-J 95*2 9534 95*4 96 A tell T & S F e gen g 4 s ... 1995 A -O 102 *2 Sale 192 1 0 2 38 240 192 *8 J a n ’ 03 R egistered........................ 1995 A-O Adjustm ent g 4 s.......... 7il995 Nov 92% 92*2 92*4 J a n ’03 94*2 A p r ’02 R eg iste re d .................. /tl995 N ov 92 Sale Stam ped...................h i 995 M-N 91*2 92*4 20 Chic & St Louis 1st 6 s ..1915 M-S 111 ....... A tl K n ox & N or 1st g 5 s ..l9 4 6 J-D *114 119 114*2 Oct ’ 02 A tlanta & D anv See South Ry A tlanta & Yadk S ee Soutli Ry Austin & N W /S'eeSou Pacific at Creek & S S ee M ich Cent B alt 58 & Ohio prior lg3*2S. 1925 J -J 9 3 7e Sale 93*2 94 R e g is te re d ...................../il9 2 5 Q-J 94*2 Jan *03 Gold 4 s ........................... h l9 4 8 A-O 102 102*2 101*2 102 58 i l 2 104 Sep ’ 02 R e g is te re d ................. h i 948 Q-J ........ 101 104*2 Jan ’03 Conv deb 4 s ......................1911 M-S 105 . . . . P Jun & M D iv 1st g 3 ^ sl9 2 5 M-N 90 Jan *03 88*2 90 R e g is te r e d ................. p l9 2 5 Q-F P L E & W V a Sys ref 4 sl941 M-IM 96*2 Sale 96*4 96*2 20 Southw D iv 1st g 3 *29.-.1925 J -J 8 8 76 Sale 8 8 38 89 127 90*4 J ’l y ’02 R e g is te re d ................. h i 92 5 Q-J 114*4 J ’ ne’ 02 M onon R iv 1st gu g 5 s ..1919 F-A 110 Cen Ohio R 1st c g4*2S..1930 M-S 108 Sep ’02 Beecli Creek S ee N Y C & H B ellev & Car S ee Illinois Cent B klyn & M ontauk S ee L on g 1 Bruns & W est S ee Sav FI & W Buffalo N Y & Erie S ee Erie Buffalo R & P gen g 5 s ... 1937 M-S U S 119*2 118*8 118*8 A ll & W est 1st g 4s g u .. 1998 A-O 1 0 1 . . . . Cl & Mali 1st gu g 5 s ___ 1943 J-J 120 . . . . 103 A p r ’97 R o c h & Pitts 1st g 6 s ... 1921 F-A 125*4___ 128 J a n ’ 03 Consol 1st g 6s.............1922 J-D .........124 1253a J a n ’ 03 Buffalo & Southw est S ee Erie Buff & Susq 1st ref g 4s.d l9 51 J -J 100 103 J ’ ne’ 02 R egistered..................... d 19 51 J -J Bur Cedar R & N o 1st 5 s .1906 J-D 103*4 Sale 103*8 103*4 Con 1st & col trust g 5 s .. 1934 A-O 122 Sale 122 122 R egistered..................... 1934 A-O 120*2 120*2 C R I F & N W 1st gu 5s. 1921 A-O 114*2 118 J a n ’ 02 M & St L 1st gu g 7s___ 1927 J-D South 1st 5s....... 1908 J -J 104 % Sale 104*8 104*4 22 C anada 2d 5 s ................................. 1913 M-S 1 0 8 34 Sale 10834 10878 2 R egistered..................... 1913 M-S 106% D e c ’02 Carb & Shawn S ee 111 Cent Carolina Cent S ee Seab & Roan Carthage & A d S ee N Y C & H C e d R la F & N S e e B C R & N Cen Branch U P 1 s t g 4 s ... 1948 J-D 93 93*2 9 4 *4 Cen Branch R y S ee M o Pac Central Ohio See Balti & Ohio Cen R R & B of Ga col g 5s 1937 M-N 107*2 107*2 D e c ’02 Cent o f Ga R R 1st g 5 s ..p l9 4 5 F-A 122*2 122 *2 Jan ’ 03 R e g is te re d .................... p i 945 F-A Consol gold 5 s..................1945 M-N 108*2 Sale 108*2 1087s 21 R egistered ..................... 1945 M-N 105*2 Sep ’01 1st pref incom e g 5 s___p l9 4 5 Oct 79 ....... 11 78 79 2d pref incom e g 5 s___p l9 4 5 Oct 37*4 38*2 Sale 38*2 29 Oct 3d pref incom e g 5s___ p l9 4 5 55 26*2 Sale 27 25*2 Chatt D iv pur mon g 4s. 1951 J-D 92 A u g’ 02 M ac & N or D iv 1st g 5 s .1946 J-J 108*4 Sep ’02 Mid Ga & A tl D iv 5s___ 1947 J -J 102 J ’ ne’99 M obile D iv 1st g 5s....... 1946 J-J 112*2 A p r ’ 02 C en t o f N J gen ’ l gold 5 s. 1987 J -J *133 133*2 133 10 133 R eg iste re d ................. h i 987 Q-J 133*2 Jan ’03 A m D ock & Im p gu 5 s .. 1921 J -J 113*4 113 Jan ’ 03 Le & H ud R gen gu g 5s 1920 J -J 104 A 9 4 7e 96*4 102 102 78 102*8 102*8 91*2 92% 91*2 * 9 2 X4 93*4 94*2 94 94*2 101*2103 104*2 106 89 90 96*8 97*i 88 89 118*8118*8 128 125 128 12538 10234 103*2 121*2122 120*2120*2 10334 104*4 108*4 1087e 93*2 94*4 122*2122*2 106 109 76*2 80 37 3 9 7, 25*2 27 133 134 132*2 133*2 113 113 PAGE!* P r ic e F ri day F eb 6 W e e k E n d in g F e b 6 W eek 's R a n g e or L a st S a le 3; * R ange S in ce J a n u a ry 1 H ig h A o L o w H ia h B id A s k Low Central of N J —( C o n t i n u e d ) 104 103*2 104 Leh & W ilks B Coal 5 s ..1912 M-N 104 Sale 105 Con ext guar 4 4 s ___</19l0 Q-M 102 Sale 1 0 l34 1 02 100*4 102*2 N Y & Long Br gen g 4s 1941 M-S Cent Pacific See So Pacific Co Charles & Sav 1st g 7 s___1936 J-J 125 ......... lies & Ohio g 6 s ser A ../t l9 0 8 A-O 110*2113*2 109% N ov'02 1 1334 114 Gold 6 s .............................a l9 1 1 A-O 113% 115 *2 113% J a n ’ 03 118% 119% 29 118% 11934 1st consol g 5s..................1939 M-N 118 119 121 J ’ne’O1 R egistered..................... 1939 M-N General gold 4 *2 $.............1992 M-S 106*2 Sale 10534 106*2 71 103% 106% 103 A p r ’ 01 R egistered..................... 1992 M-S 112 N ov ’ 02 111 Craig V alley 1st g 5s___1940 J-J 102 102 101*2 102*2 R & A D iv 1st con g 4 s .. 1989 J-J 101*2 95 96 96 Jan ’03 96 2d consol g 4 s................ 1989 J-J 106*2 Oct ’02 W arm Spr V al 1 st g 5 s .. 1941 M-S 108*2 G reenbrier Ry l s t g u g 4s ’ 40 M-N 101 D e c ’02 Clue & A lt R R s fund 6 s ..1903 M-N 83*4 Sale S3 83*4 13 82% 83*2 Refunding g 3s................ 1949 A-O 78*2 Sale 77*2 7SS 30 77*2 79*2 R a il w a y 1st lien 3*2 $ ... 1950 J -J 83% A p r ’02 R egistered..................... 1950 J-J Chic Bur & Q consol 7 s ... 1903 J-J 101% Sale 101*2 1 0 1 % 63 101 102 10434 A p r ’00 C liic& Iow a D iv 5s......... 1905 F-A 101% 101% D enver D iv 4 s..................1922 F-A 100 ....... 101% J a n ’ 03 96*4 96*2 96% 97 96*4 Sale Illinois D iv 3 *29.............. 1949 J -J R egistered..................... 1949 J-J Iow a D iv sink fund 5 s ..1919 A-O 11238 .......... 114% A ug’02 104*8104*8 Sinking fund 4 s.............1919 A-O 104*4....... 104*8 J a n ’ 03 107% 10734 107 107% N ebraska Extension 4 s .1927 M-N 107*sl08 109*2 A u g’01 R egistered..................... 1927 M-N 100 M ar’02 98 38 South western D iv 4 s___1921 M-S Join t bonds See Great North 106% 107 Debenture 5s....................1913 M-N 107 108 107 J a n ’ 03 Han & St Jos consol 6 s .. 1911 M-S 11734 bale 1L734 117 X4 1 U 117 117% 110 110*4 Chic & E 111 1st s f cur 6 s. 1907 J-D 10934 ....... 110*4 Jan ’ 03 1st consol g 6 s ..................1934 A-O 136*2....... 136 D e c ’ 02 120*2121% General consol 1st 5s___1937 M-N 121*4 121*8 121% 121% 120 D e c ’ 02 R egistered..................... 1937 M-N 120 120% 120% 120% Chic & Ind C Ry 1st 5 s .1936 J-J 1205s Chicago & Erie S ee Erie Chic In & Louisv ref 6 s ... 1947 J-J 12878 ....... 132 N ov’ 02 114 113*8 J a n ’ 03 113*8113% R efunding gold 5 s.......... 1947 J-J I l l 110*8 111*8 Louisv N A & Ch 1st 6 s. 1910 J-J 111*2 114 111*8 Jan ’ 03 194*2 Oct ’ 02 Chic M il & St Paul cou 7s 1905 J-J Term inal gold 5 s.............1914 J-J 1 1 1 * * _____ 113*8 D e c ’02 111*4 112 General g 4s series A . . c l 989 J - J 111 112 111*4 111*4 111 D e c ’ 02 R egistered.................. e 19 89 Q-J 104% J a n ’02 General g 3 *2 S sen es B .el9 8 9 J -J R egistered..................c l 989 J -J 120 *2 M ar’02 Chic & L Su D iv g 5s___1921 J-J 1 1 6 * 8 .... Chic & Mo R iv D iv 5 s ...1926 J-J 1 1 8 * 4 .... 121 *2 Oct ’ 02 113% 113% Chic & Pac D iv 6 s .......... 1910 J-J 1 l3Xi 115 11334 Jan ’03 117 117*2 Chic & P W 1st g 5 s....... 1921 J-J 117*4 11734 117*4 117*4 111 *2 J a n ’ 03 111*2 111*2 Dak & Gt So g 5 s.............1316 J-J i u 58 . . . . Far & Sou assu g 6 s ....... 1924 J-J 1 3 1 * 8 .... 137 *2 J ’l y ’99 119*8 119*4 12 119*8119*4 H ast & D D iv 1st 7 s....... 1910 J-J 119 120 107% A ug’ 02 1st 5s............................... 1910 J-J 1 0 6 78 . . . . 191 *2 Oct ’ 02 I & D Exten 1st 7 s.........1908 J-J LaCrosse & D 1st 5 s___1919 J -J 1 14% 117 116 S e p ’ 02 M ineral P oint D iv 5s___1910 J -J 107*4....... 109 O c t ’ 02 So Minn D iv 1st 6 s .........1910 J-J 113 ....... 113*2 113*2 19 112*2113*2 112% 112% Southwest D iv 1st 6 s ___1909 J -J 112*8........ 112% Jan ’03 W is & Minn D iv g 5 s___1921 J -J 116*8....... 118% N ov ’02 M il & N o 1st M L 6 s . . . . 1910 J-D 11234 ...... 117 M ar’02 1st consol 6 s ..................1913 J-D 117 ____ 120*2 A ug’ 02 133 134 132% 135 134 J a n ’ 03 C liic& N orthw cons 7 s___1915 103 N ov ’02 Gold 7 s............................... 1902 102 Oct ’02 R egistered..................... 1902 J-D 105 D e c ’ 02 Extension 4 s.........1886-1926 F-A 104 106% Oct ’ 02 R egistered...........1886-1926 F-A 103% 104 % D e c ’ 02 General gold 3 *2 $.............1987 M-N 103 N ov’ 98 R eg istered .................p i 987 Q-I 115*2 J ’l y ’02 Sinking fund 6 s ...1879-1929 A O 114*2 111 O c t ’00 R egistered.......... 1879-1929 A-O 112*2 107 D e c ’02 Sinking fund 5 s ...1879-1929 A O 108*4 107*2 Jan ’ 03 107*2 107*2 R egistered.......... 1879-1929 A-O 108 108 108 108 J a n ’ o3 D ebenture 5s....................1909 M-N 106*4 105 *2 D e c ’02 R egistered..................... 1909 M 112 112 110 112 J a n ’ 03 D ebenture 5 s................... 1921 A 114 Oct ’01 R egistered..................... 1921 A 118 118 117*2119 118 J a n ’ 03 Sinking fund deb 5s....... 1933 M 123 May’ 01 R egistered..................... 1933 M 109*2....... Des Mo & Minn 1st 7 s ..1907 F M ilw & Madison 1st 6 s ..1905 M-S 106*4....... 106 N o v ’02 108 Oct ’ 02 N orth Illinois 1st 5s___1910 M-S ......... 110 Ott C F & St Paul 1st 5s 1909 M-S 107*8....... 107 Oct ’ 02 W inona & St Pet 2d 7s. .190 M-N 114*8....... 116*2 J ’ne’02 131% 132% M il L S & W est 1st g 6 s 1921 M-N 1 3 2 % ....... 132% 132% 122*2125 E x t & Imp s fund g 5s 1929 F-A 122*2 Sale 122*2 122*2 Ashland D iv 1st g 6 s ..1925 M-S 13678 ......... 142*2 F e b ’02 M ich D iv 1st g 6 s .........1924 J -J 1 3 4 % ........ 139% J a n ’02 Convertible deb 5s___ 1907 F-A 102*2......... 107 *8 F e b ’01 In c o m e s .........................1911 M-N .........116*2 114*4 S e p ’02 127 127 127 Chic R ock Isl & Pac 6 s ... 191 J -J 1 2 6 X4 ......... 127 126*2126*2 R egistered..................... 1917 J-J 12 6 X4 ......... 126 *2 J a n ’ 03 106% 39 106 108 General gold 4 s................ 1988 J-J 106 IO 6 X4 106 107 J a n ’ 03 107 107 R egistered.....................1988 J-J 100% J ’l y ’02 Coll trust Series C 4s ...1 9 0 5 M-N 99% J ’ ne’ 02 H 4 s................................. 1910 M-N 99 *2 J ’l y ’02 M 4 s.................................1915 M-N 99% J’ne’ 02 N 4 s.................................1916 M-N 89 87% Sale 86*2 87% 607 86 Chic R I & P ac R R 4 s ..2002 M-N 88*4 Jan ’03 88*4 88*4 R eg istered .................... 2002 M-N 97 *2 D e c ’ 02 96% Des M & Ft D 1st 4 s ....1 9 0 5 J-J 93 J a n ’03 92% 92*2 93 1st 2 *2 $............................1905 J-J 94% Jan ’ 03 94% 94% Extension 4 s ................ 1905 J -J 95*8 110*2 A p r ’02 Keok & Des M 1st 5s___ 1923 A-O Chic & St L *S’cc Atcli T & Sa Fe Chic St L & N O -See 111 Cent Chic St L & Pitts .See Penn Co Chic St P M & O con 6 s . . . 1930 J-D 136*2 Sale 136*4 136% 12 135% 136% 134% 134% Ch St P & Minn 1st g 6 s 1918 M-N 137 ....... . 134% Jan ’03 N or W isconsin 1st 6 s ...1 9 3 0 J-J 134 ....... 137 *2 Sep ’02 4 126 126% St P & S City 1st g .6s...1919 A-O 126 ....... . 126*2 126*2 86 84 Chicago Ter Trans g 4 s ... 1947 J -J 84 Sale 84*8 39 84 U M IS C E L L A N E O U S B O N D S—C ontinued on N ext P a g e. S tr e e t R a ilw a y B rooklyn Rap T r g 5s....... 1945 106% Sale A tl A v B klyn imp g 5 s ..1934 B k C ity 1st con 5 s .1916,1941 110 Sale B k Q Co & S con g u g 5 s .1941 103 ......... B k lyn U n E l 1st g 4-5S.1950 102 Sale K in gs Co E l 1st g 4 s . . . .1949 * 86 87 Nassau E lec gu g 4 s ___ 1951 City & S R y Balt 1st g 5s. 1922 Conn R y & L 1st & ref g 4 % s ’ 51 * ......... 98 D en Con T r Co 1st g 5 s ... 1933 Den Tram Co con g 6 s .. 1910 M et R y Co 1st gu g 6 s ..1911 D et Cit St R y 1st con g 5s. 1905 O r Rapids R y 1st g 5 s ...a l 9 1 6 L ou is R y Co 1st con g 5s. .1930 M arket St C R y 1st g 6 s . . 1913 M et St R y gen col tr g 5s. 1997 i i f ' i ’18 _ B w ay& 7th A v 1st e g 5s 1943__________ 1 1 6 % ........ •No price Friday; latest price this week, 3 106*2 107 110 J a n ’ 99 no no “ 5 102 J a n ’ 03 102 104*4 *21 2 87*4 89 85*2 J a n ’03 99% Oct ’ 02 95 J ’ne’ OO 103 N ov ’ 01 109 M ar’98 117*2 120 116% J a n ’ 03 a Due Jan S treet R a ilw a y Met St R v—(C on )~ R ei g 4s2002 Col & 9tli A v 1st gu g 5s. 1993 LPxAv<fe P F 1st gu g 5 s 1993 ii<3 i i o Third A v e R R con g u 4 s 2000 102 102*2 Third A v e R y 1st g 5 s ..1937 102 104*4 87*4 89% Met W S El (Chic) 1st g 4 s . 1938 80*2 85*2 Mil El Rv & L 30-yr g 5 s .1926 Minn St R y 1st con g 5 s .. 1919 St Paul City Cab con g 5s. 1937 Guaranteed gold 5s.........1937 Union El (Chic) 1st g 5 s ..1945 W Chic St 40-yr 1st cur 5s. 1928 40-year consol gold 5 s ...1936 105 107*4 19 117*2 120 |116% 116% d Duo Apr e Due .lay A-O M-S M-S J-J J -J F-A F-A J-J J-J J-J A-O M-N M-N 96% ......... 96 Jan ’ 0 3 . . . . 95 ......... 121 J a n ’ 0 3 . . . . 121 1 21 121 D e c ’02 ...J 98 98*2 8 8 97% 98% 98*4 Sale 1 |120 122 120 1 20 ......... 1 2 0 1 0 2 % 102 *a 100*4 101*2 102 *2 Jan "03 106 O c t ’99 110 J ’ ne’ 02 106*2 114 *2 N ov ’OJ 112*2 96 1 21 121 109 *2 D e c ’ 99 99 D e c ’ 97 l i a s and E le c tr ic L igh t Atlanta G L Co 1st g o s . . .1947 J-D 91% Oct ’ 98 Bos U Gas tr ctfs s f g 5s. 1939 J-J Bklyn U Gas 1st con g 5s. 1945 M-N il6 * 4 i ’i 6 % 116% J a n ’ 03 ^ u a e ; ue h Due J’ly k Due Aug — 116*4 117 p Due Nov gDue Dec ^Option sale F ebruary Bond Record— Continued— Page 2 7, 1903.] BONDS N. Y. STOCK E X C H A N G E W ee k E nding f e r 6 <■* a. -r P r ic e F r id a y F eb 6 B id Chic A W est Ind gen g6s</1932 -M Chic A West Mich Ry 5s.. 1921 D Choc Ok <fc G gen g 5s ...01919 J -J Cin H A D consol s f 7 s.. .1905 A O 2d gold 4 4 s ...................... 1937 T-J Cin L> A I 1st gu g 5 s ... 1941 M-N C I St L & C ^ e C C C A S t L Cin S A C See C C C St L Clearlield A Mali See B R A P Cleveland Cin Chic A St Louis General g 4 s.................... 1993 J-D Cairo Div 1st gold 4 s---- 1939 J-J Cin W A M Div 1st g 4s. 1991 J-J St L Div 1st col tr g 4 s .. 1990 M-N Registered.................... 1990 M-N Spr A Col Div 1st g 4a.. 1940 M-S W W Val Div 1st g 4 s ... 1940 J-J C I St L A C consol Os.. 1920 M-N 1st gold 4s..................k 1930 Q-F R egistered..............fcl936 Q-F Cin S A Cl con 1st g 5 s.. 1928 J-J C C C A I consol 7s........ 1914 J-D Consol sink fund 7s___1914 J-D General consol gold Os. 1934 J-J Registered................. 1934 J-J Ind Bl A W 1st pref 4s. 1940 A -0 O Ind A W 1st pf 5 s ...d l9 3 8 Q-J Peo A East 1st cou 4 s ... 1940 A -0 Income 48......................1990 Apr Cl Lor A Wli con 1st g 5s. 1933 A O Clev A Marietta See Penn RR Clev A Mahon Val g 5 s ... 1938 J-J Registered.................... 1938 Q-J Clev A Pitts See Penn Co Col Midland 1st g 4s........ 1947 J -J Colorado A Sou 1st g 4 s ... 1929 F-A Colam A Greenv See So Ry Col A Hock Val See H ock Val Col Conn A Term See N A W Conn A Pas Rivs 1st g 4s. 1943 A-O ak A Gt So See CM A St P D alias A Waco See M K A T Del Lack A Western 7 s ... 1907 M-S M orrisA Essex Is t7 s ...l9 1 4 M-N 1st consol guar 7s.......1915 J-D Registered................. 1915 J-D 1st ref gu g 3 4 s .......... 2000 J-D N Y Lack A W 1st 6 s ...1921 J-J Construction 5s.......... 1923 F-A Term A im provers___1923 M-N Syr Bing A N Y 1st 7s.. 1900 A-O Warren 1st ref gu g 3 4 s . 2000 F-A Del A Hud 1st Pa Div 7 s .1917 M S Registered.................... 1917 M-S A lb A Sus 1st con gu 7s. 1900 A -0 Registered.................... 1906 A-O Guar gold 6s................. 1906 A -0 Registered................. 1900 A-O Kens A Saratoga 1st 7 s .1921 M-N Registered.................... 1921 M-N Del Riv R R Bridge See Pa RR Denv & R G r 1st con g 48.1936 J-J Consol gold 4 4 s .............. 1936 J-J Improvement gold 5 s ... 1928 J-D Rio Gr So gu See Rio Gr So Den A S W est gen s f g 5s 1929 J-D Des Moi A Ft D See C R & I P Des M A Minn See Ch A N W Des Moi Un Ry 1st g 5 s..1917 M-N Det M A Tol See L S A M So Det A Mack 1st lien g 48.1995 J-D Gold 4s..............................1995 J-D Det Sou 1st g 4 s............... 1951 J-D Ohio Sou Div 1st g 4 s...1941 M-S Dal A Iron Range 1st 5 s ..1937 A-O Registered........................1937 A-O 2d 6s................................. 1916 J-J Dul So Shore A A ti g 5 s..1937 J-J of Minn <S’e e S tP M A M E ast ast Ten Va A Ga See So Ry Elgin Jol A East 1st g 5 s .1941 M-N Elm Cort A No See Leh & N Y Erie 1st ext gold 4s............ 1947 M-N 2d ext gold 5s...................1919 M-S 3d ext gold 4 4 s ............... 1923 M-S 4th ext gold 5s................. 1920 A-O 5th ext gold 4s................. 1928 J-I> le t consol gold 7s............ 1920 M-S 1st consol g fund 7s....... 1920 M-S Erie 1st con g 4s prior.. 1996 J-J Registered.................... 1996 J-J 1st consol gen lien g 4s.. 1996 J-J Registered.....................1996 J-J Penn coll tr g 4s............ 1951 F-A Bull N Y A Erie 1st 7 s..1916 J-D Butt A S W gold 6s........ 1908 J-J Small.............................. 1908 J-J Chic A Erie 1st gold 5s.. 1982 M-N Jeff RR 1st gu g 5s___al909 A-O Long Dock consol g 6s.. 1935 A O Coal A R R 1st cur gu 6s. 1922 M-N Dock A Imp 1st cur 6s.. 1913 J-J N Y A Green L gu g 5s. 1946 M-N M id R R o f N J Is tg 6 s .l9 1 0 A-O N Y Sus A W 1st ref 5s. 1937 J-J 2d gold 4 4 s ...................1937 F-A General gold 5s............ 1940 F-A Terminal 1st gold 5 s ... 1943 M-N Regis $5,000 ea ch ... 1943 M-N W ilk A Ea 1st gu g 5s. 1942 J-D Erie A Pitts See Penn Co Evans A T H 1st cons 6s. 1921 J-J 1st general gold 5s........ 1942 A -0 Mt Vernon 1st gold 6s.. 1923 A -0 8ull Co Brunch 1st g 5s. 1930 A -0 E v & Ind 1st con g u g 6 s ..l9 2 6 J-J L'argo A Bo See Ch M A St P JP lint A Pere M See Pere Mar W eek's R a n g e or L a st S ale A 8k L ow R an ge S in ce J a n u a ry 1 H igh No Low H ig h 1 1 6 4 ........ 11034 N ov’02 106 109 A p r ’02 107 ........ 107 6 ib’7 i'09 109 1 1 1 4 D e c ’01 113 Oct ’ 00 114 ........ 115 J a n '03 — 1144115 99 4 Sale 994 ........ 101 4 100 ........ 100 103 Sale 102 4 103 ........ 1014 102 83 1 00 101 23 9 9 4 1 0 3 101 Oct ’02 J a n ’ 03 __ 100 100 6 102 1034 103 4 O c t ’ 02 D e c ’02 N ov’ 99 1024 Jan ’ 03 .... 1024 1024 102 113 ........ 115 N ov’02 124 4 ........ 13 4 4 Jan *02 lS 2 ........ 13 1 4 Jan *03 ........ 133 1 0 4 4 N oy’ 01 13141314 9934 9934 81 82 814 814 1 1 4 4 ........ 114 D e c ’02 99*4 Sale 121 ........ 128 80 Sale 90ia Sale 794 904 1 9 8 4 100 5 *78 82 J’ne’ 02 80 914 115*8........ 117 Jan 1 3 3 4 ........ 13 3 4 Jan 1 3 4 4 ........ 1344 Jan 140 Oct 64 90 ’03 ’ 03 — ’03 ’98 784 804 9 0 4 *J44 115 117 13241334 13441344 1 3 1 H ........ 1 3 2 4 D e c’02 1124. 1 1 5 4 A u g ’ 02 103 J a n ’ 03 •••• i ‘0'3 i ‘0 3 ........ 103 1 1 2 4 ........ 112 N ov’02 5 102 102 102 102 1 4 0 4 ........ 1404 D e c ’ 02 149 Aug’ 01 i 1 1 1 4 1 H 14 i l i ‘4 ........ 1114 1114 122 J’ ne’99 i0 7 78 ........ 106 Oct *02 11 1 4 F e b ’ 02 1434 N ov’02 1 4 4 4 .. 1 4 4 4 ........ 1 4 7 4 J ’ ne’02 98*8 Sale 9 8 4 1 0 5 4 ........ 10534 107 Sale 107 7 9 4 Jan *03 •••• 7 9 4 80 -•••«• 7 9 4 105 994 9 8 4 69 98 IO534 25 104 4 10534 3 105 107 107 ........ 111 F eb ’ Ol 98 ........ 102 4 Oct ’ 02 9 2 4 ........ 9 3 4 Aug’02 84 J a n ’ 03 84 *......... 84 * 91 9 2 4 92 J a n ’03 •••- 89 113 ........ 114 5 114 114 .........11 4 4 112 Jan ’ 03 — 1 1 2 4 ........ 114 4 Jan *03 1 1 6 4 D e c ’ 02 1194 J ’ ne’ 02 1 1 6 4 A p r ’ 02 117 D e c’ 02 1094 J a n ’02 139 J a n ’03 — 136 S e p ’ 02 9 8 4 Sad© 9 7 4 9 8 4 59 98 Jan ’03 87 *8 Sale 87 88 712 1 1 4 4 ........ 1 1 7 4 ....... 1 1 4 4 .. 1 1 8 4 .. 1 0 5 4 ........ 138*8140 92 128 92 934 29 13 04 J a n ’03 — Sale 131 321 BONDS N. Y. STOCK E X C H A N G E cc C W e e k E n d in g F eb 6 B id H I A -0 Kentucky Cent See L A N Keok A Des Mo See C R I A 1 Knoxville A Ohio See So Ry I ake Erie A W 1st g 5 s ..l9 3 r J-J J-J A-O 111381144 L Slio A Mich S M-N M-N 11441144 J-J J-J Leh V Ter Ry 1st gu A-O A-O J-J J-J Leh A X Y M-S 139 139 M-S 974 984 A -0 98 98 A -0 Leh A Hud R See Cent of N J 8434 88 Leh db W ilkesb See Cent of N J 92 944 Leroy A Caney Val See 129 130 4 Long Dock See Erie Q-J Q-J J-D 12141214 M- S J-D 134 4 i34 4 121 4 J a n ’ 03 — 106 Aug’02 1 13 4 4 1344 I I 334 D e c’ 02 1184 A p r ’ 02 109 Oct *98 1 1 2 4 De c ’02 1 112 114 112 112 103 103 103 J a n ’ 03 10 6 4 Jan *03 10641064 115 J a n ’03 — 113 117 M-S M-S ill 111 J-J J-J 105 110 100 110 122 ........ 105 .... 112 ........ . .. 115 110 111 J a n ’ o3 J a n ’03 J ’ ne’02 122 105 122 105 H ig h N o 100 Range Sirice I < s. J a n u a ry 1 L ow H ig h Sep 00 ................... 106 4 F eb’ 02 105 Mar’98 1114 n 2-4 30j 1 1 0 4 1 1 2 4 86 4 Deo *02 103 D e c ’02 111 N ov’02 1104 Jau ’03 | 9 4 4 612' 23 93 107 9434 13 106*4 109 ^ 109 105 4 Dec *02 1054 195 4 1124 Jan ’03 1 1 3 4 Mar’OO 104 D e c’ 02 102 4 Apr *98 112*4 112U 1 10341034 1034 1034 102 Oct *01 10 1 0 2 4 103 103 103 104*4 May’02 98 4 N ov’02 123 May’99 87 4 May’02 9 84 101 4 100 111 Oct ’02 Oct ’ 99 N ov’ OO Jan 03 111 111 124 May’01 90 X ov ’98 1 2 5 4 Jan ’ 03 — 126 4 N ov’02 1044 A p r’02 125 4 1 2 5 4 1 0 6 4 J a n ’ 03 10641064 101 Mar’02 110 Dec *02 107 4 D e c’ 02 1 0 0 4 Jan *03 100 1 0 0 4 120 120 ” 8 120 1 2 1 4 13 98 100 99 99 7 70 70 71 71 5 11441154 115 1154 3 92 93 93 93 K 85 92 114 J a n ’03 — to W eek's R a n g e or L ast S a le A 8k L ow Fla Cen A Pen 1st g 5 s ...1918 j . j 106 ........ 1st land gr ext gold 5 s.. 1930 j j 103 ........ Consol gold 5s.................1943 j j 1054 F ort St U D Co 1st g 4 4 s. 1941 j - j Ft W A Den C 1st g 6s.. ..1921 J-D 1114 Sale t W A Rio Gr 1st g 3-4S.1928 J J 1al Har db S A See So Pac Co i l a i H db H of 1882 1st 5s. 1913 1A-0 103 ........ Ga db Ala Ry 1st con 5 s ..o l9 4 5 1J - j l l o Ga Car db N o 1st gu g 5 s .. 1929 J-J 109 ........ Georgia Pacific See So Ry Gila V G A Nor See So Pac Co Gouv db Oswegat See N Y Cent Grand Rap A Ind See Penn RR Gray’s Pt Term See St L S W 94 Sale t Nor—C B db Q coll tr 4 s 1921 J-J Greenbrier Ry See d ie s A O Gulf A S 1 1st ref A t g 5s 51952 J-J ........ 104 an & St Jo See C B A Q ousatonic See N Y N H db H Hock Val 1st consol g 4 4 s. 1999 J-J 109 Sal#1 Registered........................1999 J - J Col A H V 1st ext g 4s. .1948 A-O *........ IO534 IIoust E A W Tex See So Pac Houst A Tex Cen See So Pac Co llinois Central 1st g 4 s .. 1951 J-J 112 ........ Registered.................... 1951 J-J 1st gold 3 4 s .................... 1951 J - J Registered.................... 1951 J-J ........ 103 1st gold 3s sterling........ 1951 M S Registered.................... 1951 M-S Coll Trust gold 48...........1952 A-O 103 ........ Registered.................... 1952 A-0 M-N 103 4 ........ M-N J-D 108 J . .1 ........ 0 6 4 J -J Middle D iv re g S s .......... 1921 F- A 1 1 3 4 ........ St Louis Div gold 3s___1951 J-J * 84 ........ Registered.................... 1951 J-J Gold 3 4 s ........................1951 J-J * 95 ........ Registered................. 1951 .T. .1 Spring D iv 1st g 3 4 s ...1951 J-J Western Lines 1st g 4 s ..1951 F-A 10830........ Registered.................... 1951 F - A J -D 120 M S * 1 0 2 4 .. Chic St L A N O g 5 s ...1951 J-D 12434 1264 Registered.................... 1951 J-D Gold 3 4 s ........................1951 J-D Registered................. 1951 J-I) Mernph Div 1st g 4 s ...1951 J-D * 1 0 6 4 ........ Registered................. 1951 J -D St L Sou 1st gu g 4s___1931 M-S Ind Bl A W est See C C C & J - J 105 ........ J - J 105 J-J 1004101 M-N 120 ........ M-S 99 99 4 3d gold 4s........................1921 M-S ........ 71 Iowa Central 1st gold 5s.. 1938 J-D 115 4 Sale Refunding g 4s.............. 1951 M-S Jefferson R R S ee Erie al A db G R See L S A M ! an A Mich See Tol A O C K C Ft S db M See St L db S F A-O 106 ........ Kan C db Pacilic See M K A T 6934 Sale A -0 ........ 1214 1044107 134 4 13434 1144 .. 114 1 0 8 4 .. 1 1 2 4 ... ........ 1134 1 0 0 4 ........ 10441064 1 1 5 4 ........ 115 P r ic e F r id a y F eb 6 M-S J-D A-O M-S Q-J J-D M-N M-N A-O Cecilian Branmi 7s........ 1907 M-S J-D May’ 02 694 70 487 6 3 4 Oct *00 117301194 120 J a n ’ 03 — 114 117 1134 Jau *03 114 ........ 114 4 Jan *03 105 69 1194120 11341134 11441144 1104 F eb*02 1084 I 08 Jan *03 .... 108 109^ J ’ ne’02 1 1 4 4 ........ 117 4 D ec’02 109 4 Oct ’99 105 4 ........ 1OS4 S e p ’ 02 107 96 *106 112 70 ........ 97 Jan *03 1084 97 97 118 118 ........ ......... 1014 Sep *99 * ........ 120 113 Jan *03 102 4 1014 103 100 9 9 4 1 0 0 100 111 101 106 ........ 112 ........ 112 ........ 110 ........ 11541184 1114113 1004101 4 1 1 1 4 ........ 1004101 4 M-N 1 0 8 4 ........ > J-J * ........ 1264 J-J J a n ’03 — 1 0 1 4 1 0 2 4 May’02 O c t ’00 100 1 9934 1004 J a u ’02 1094 J ’ ne’ Ol 112 MarMl-J 1124 Jan *02 112 4 A p r’02 1154 Jan M3 . . . . 112 112 101 1 0 1 4 45 100 J a n ’02 112 Jau *03 100 J a n ’ 03 — 106 Dec *00 112 D e c’02 1084 Jan ’03 0 1264 1264 1244 Apr ’UL 1154115*4 1114112 9934 1014 112 1U0 113 4 100 4 10841084 1264129 lU l^ C E L liA N E O U 8 BONDS—Continued oil Next R age. G as mid E lectric L ight Ch G L 6c C Co See ? G 6c C Co Columbus Gas 1st g 5s___1932 Conn Ry db L See Street liy Con Gas Co See P G & O Co Detroit City Gas g 5s.........1923 Det Gas Co cou 1st g 5 s ... 1918 Ed El 111 Bkn s e e K Co E L db P Ed E 111 See N Y G db E L 11 db P Eq G LN Y 1st con. g 5 s.. 1932 Eq G A Fuel See P G 6c C Co GasA Elec Berg Co c g 5s. 1949 Gr Rap G L Co 1st g 5 s ... 1915 K C Mo Gas Co 1st g 5 s ... 1922 Kings Co El L db P g 5 s ... 1937 Purchase money 6s........ 1997 Ed El 11 Bkn 1st con g 4s 1939 LacGas Lot St L 1st g5s.el9 1 9 Milwaukee Gas L 1st 4 s.. 1927 J-J 107 ........ J-J F-A 98 Sale M-S J-D F-A A-0 A-O A-O J-J Q-F M-N 96 104 99 May’02 117 D e c ’ 02 6 1 4 Oct *01 ................... IO734 D e c’00 120 J a n ’03 ........ 124 94 96 97 4 S e p ’ 02 ........ 1074 1073© 107 4 ................... 95 J’ly ’02 * N o price Friday; latest bid and asked this week. a D u e Jau (Ja*» and E lectric Light Mnt Fuel Gas Co See Peop Gas Xewark Cons Gas con g 5s 1948 N Y G E L H c f c P g 5s. ..1948 Purchase money g 4 s ... 1949 Ed El 111 1st conv g 5 s ..1910 68 96 99 1st consol gold 5s........ 1995 XYdbQEl LA P 1st con g 5 sl9 3 0 Paterson & P G 6c E g 5s. 1949 Peo Gas 6c C 1st gu g 6s.. 1904 2d guar gold 6s...............1904 1st con gold 6s................ 1943 Refunding gold 5s..........1947 Ch G-L<& Cke 1st gu g os 1937 Con G C oof Ch 1st gu g 5 s .’36 1120 120 Eq G A F Ch 1st gu g tks. 1905 ..... ...... Mu F'ueiGas 1st gu g 5s. 1917 4 lOT^s 1084 Trenton G A El 1st g 5 s ..1949 -.--II................... Utica E L A P 1st s t g 5s. 1950 0 D ue Feb JD ueApr I J-D J-D F-A M-i> J-J F-A M- 8 M-N J-D A-O M-S J-J J-D J-J M-N M-S J-J 111 ........ 9434 Sale 106 1 1 8 4 ........ ........ 102 11134 11134 5 i i o * v i i i a4 943., 97 1 42 9434 9 7 4 io .v \j Dec *0 2 ' ___ 119 J a n ’03 .... 119 119 107 4 Jan *03___ 1 0 7 4 1 0 7 4 J ’ ne*02__ 1 102 4| 2, 1 0 2 4 1 0 2 4 125 4 Jan *03|___|124 1 2 5 4 ........ 125 105 ........ 105 Jan *03___ 105 105 108 110 109 Dec;02 . . . . . . . . . . . . . . . . 108 110 108 Jan ’ 031___' 108 1u8 1U234 104 1 0 2 4 J a u ’03I....I 102 1 0 2 4 ........ 10434 104 Jan *03|___' 104 105 100 F eb ’01 j___1 ...... io2A* 104 1 0 2 4 ........ 102 4 e D u e M a y A D u e J ’ly t D ue A n g o Due Oct j Due Dec s Option sale Bond Record— Continued— Page 3 822 BONDS W eek’ s R a n g e or L a st Sale P r ic e F r id a y F eb 6 N. Y. STOCK E X C H A N G E W e e k E n d in g F e b 6 Lom sv <fc Nashv—(C o n tin u e d ) Pensacola D iv sold 6 s ... 1920 M-S St L Div 1st gold 6s....... 1921 M-S 2d gold 3s...................... 1980 M-S Hender B d g e ls t s f g6s.l9 3 1 M-S Kentucky Cent gold 4s.. 1987 J-J L<fc X <fc M & M 1st g 4%s 1945 M-S N Fla & S 1st gu g 5 s ...1937 F-A Pens & A tl 1st gu g 6 s ..1921 F-A S & X Ala con gu g 5s.. 1936 F-A Sink fund gold 6s......... 1910 A-0 L & Jett Bdge Co gu g 4 s.. 1945 M-S L X A & Cli See C I & L ahon Coal See L S & M S M anhattan Ry consol 4s. 1990 A-0 Registered................. 1990 A-0 Metropol El 1st g 6s___ 1908 J-J Man S \V Coloniz g 5s___1934 J-D M cK ’pt & B V See X Y Cent Metropolitan El See Man Ry M ex Cent consol gold 4s.. 1911 J-J 1st consol income g 3s.a l939 J ’ly 2d consol income g 8 s..a l9 3 9 •Piy Equip & coll gold 5s.......191 A-0 2d series gold 5s.......... 1919 A-O Coll tr g 4%s 1st Ser___1907 F-A M ex Internat 1st con g 4s. 1977 M-S Stamped guaranteed___1977 M S M ex North 1st gold 6s___1910 J-D Mich Cent See X Y Cent Mid of X J See Erie Mil E S & W See Clue & X W M il & Mad See Chic 6c X W Mil & X orth See Cli M <fc St P Minn 6c St L 1st gold 7s.. 1927 J-D Iow a E x 1st gold 7s.......1909 J-D Pacific Ex 1st gold 6 s ...1921 A-0 South W est Ex 1st g 7 s.1910 J-D 1st consol gold 5s............ 1934 M-N 1st and refund gold 4 s..1949 M-S Minn & St L gu See B C R 6c X M <fe P 1st 5s stpd 4s int gu 1936 J-J M S S M & A 1st g 4 int gu 1926 J-J M St P & S S M con g 4 int gn ’38 J-J Minn Un See St P M <fcM Mo Kan & Tex 1st g 4 s ...1990 J-D 2d gold 4s....................... 01990 F-A 1st ext gold 5s................. 1944 M-N St L D iv 1st ref g 4s___2001 A-0 Dal & Wa 1st gn g 5s. ..1940 M-N Kan C & Pac 1st g 4 s ... 1990 M-S M K & T of T 1st gu g 5s. 1942 J-D SherSh & So 1st gu g 5s. 1943 F-A Tebo 6c X eosho 1st 7 s ... 1903 J-D Mo K <fc E 1st gu g 5s.......1942 A-0 Missouri Pacific 3d 7s.......1906 M-N 1st consol gold 6s............ 1920 M-N Trust gold 5s stam ped.al917 M-S R egistered................. al917 M-S 1st coll gold 5s................. 1920 F-A Cent Br Ry 1st gu g 4s. 1919 F-A Leroy <fcC Y A L i s t g 5 s 1926 J-J Pac R of Mo 1st ex g 4 s .1938 F-A 2d extended gold 5 s ... 1938 J-J St L Ir M<fc Sgen con g 5sl931 A-0 Gen con stamp gtd g 5s 1931 A-0 Unified & ref gold 4s.. 1929 J-J Verdi V I & W 1st g 5 s.1926 M-S Mob 6c Binp prior lien g 5s 1945 J-J Mortgage gold 4s............ 1945 J-J Mob Jack <fc K C 1st g 5s. 1946 J-D Mob & Ohio new gold 6s.. 1927 J-D 1st extension gold 6s..7il927 General gold 4s............... 1938 Montgom D iv 1st g o s ..1947 F-A St L & Cairo coll g 4 s..cl9 3 0 Q-F Guaranteed g 4s.......... 1931 J-J M & O coll 4s See Southern Mohawk & Mai S c e X Y C & H Monongahela Riv See B & O Mont Cent See St P M & M Morgan’ s La & T See S P Co Morris 6c Easex See Del L & W VJ ash Chat & St L 1st 7s. 1913 J-J 1st consol gold 5s........ 1928 A-0 Jasper Branch 1st g 6 s ..1923 J-J McM M W 6c A l 1st 6 s..1917 J-J T & P Branch 1st 6s___1917 J-J Nash Flor & Shef See L 6c X X at of Mex prior lien 4%s. 1926 J-J 1st consol 4s.................... 1951 A-O K ew H 6c D See X Y X H & H N J June RR See X Y Cent N ew 6c Cin Bdge See Penn Co N O 6c X E prior lien g 6s pl9 1 5 A -0 N Y’ Bkln 6c Man Bell See L I N Y" Central 6c Hudson R iv— Gold mortgage 3 %s........ 1997 J-J Registered.................... 1997 J-J Debenture 5s o f ...1884-1904 M-S Registered.......... 1884-1904 M-S Regist deb 5s o f... 1889-1904 M-S Debenture g 4s___1890-1905 J-D Registered.......... 1890-1905 J-D Debt certs ext g 4 s........ 1905 M-X Registered.................... 1905 M-N Lake Shore coll g 3 % s... 1998 F-A Registered.................... 1998 F-A M ich Cent coll g 3 %s___1998 F-A Registered.................... 1998 F-A Beech Creek 1st gn g 4 s.1936 J - J Registered.................... 1936 J-J 2d gn gold 5s............... 1936 J-J BeechC r E xt ls t g 3 % s 51951 A -0 Cart 6c Ad 1st gu g 4 s ...1981 J-D Clearf Bit Coal 1st s f 4s. 1940 J-J Gouv & Oswe 1st gu g 5s 1942 J -D Moh 6c Mai 1st gu g 4s.. 1991 M-S Incom e 5s............... 1992 Sep B id A s k Low A 97 J a n u a ry 1 H ig h A'o L ow H ig h 116*8 Mar’02 125*2 Aug’ 02 75 J’ ne’02 113 X ov ’ 99 99 98*4 110*2 Mar’02 114*4 Jan ’ 03 113 J a n ’ 03 115 D e c’01 112 Sep ’ 02 100 Mar’ 01 125 ....... 6 8 % ....... 110 ....... 99 Sale 108 ....... ........ 112 % 1 1 0 % .... 104 2^1! R a n g e S c I S in ce 98*8 99 114 113 114% 113 103*4 104*4 46 103*4 104*2 10378 D e c’ 02 110 110 109*2 110 Sale 109 77 25*4 17 7678 77 26% Sale 37 Sale 97 16 77 26*4 146 17*4 103 78 76 25*o 27*-; 16*2 18*4 96*4 96*4 10.j 96*4 97 90*8 J ’ly ’ 0 ] 105 May’ 00 144*4 D e c’ 02 119*4 N ov’ 02 129*4 Aug’02 121 J a n ’02 120*2 Jan ’03 103*8 Jan ’03 145*8....... 1 1 5 % ....... 126*8....... 118*4....... 120*8 ....... 103%104 103 98 120 120*2 103*4l03*8 X o v ’01 A p r’ 01 48 97*2 99*2 98% Sale 98*2 99 81*4 82*8 39 81*4 85 82 *8 Sale *102*8....... 104*2 Jan ’ 03 102*8 104*2 * 80 ....... 86 Oct ’02 102 ....... 106 Sep ’02 1 87*2 90 87*g....... 87*2 87*2' 14 103*2 105 104*2 Sale 104 105 102 ...... 105*2 J’l y ’ 02 Ill ........ 109 *2 Jan *03 109*2 110 J a n ’ 03 109*2 110 42 121*2 Sale 120*4 121*2 120*4 121*2 48 106*2 Sale 106*4 106*2 104*2 106*4 110*8 ........ 110 104*4 Sale 92 93 103*8....... 102*2103*2 111*2113 114 115 104*2 107 3 92 92*2 100 May’01 105 J a n ’ 03 113 J a n ’ 03 115 115 112 *2 D e c’ 02 90: 33 90 *8 Sale 90 103*4........ I l l ........ 110*4 J ’l y ’Oo 90 93 93 A p r’02 102 J’l v ’ 02 127*2 127*2 J a n ’ 03 125 125*2 Jan ’03 97 Oct ’02 * 112*2 115 Jan ’ 03 89 93 93 96*2 101% J ’ne’02 123*2 101 * 75 123*2 123*2 112 113 113 D e c ’99 116 J ’l y ’ 02 111 D ec *99 115 101 76 Sale 77 ........ 104 104*4 . . . . 1 0 3 *2 .... 1 0 3 *2 .... 103 . . . . 100*4 . . . . 100 % . . . . 1 0 0 *2101*2 ......... 101*2 92% Sale 92*4 107 il4 104*2 105*4 112 113 113*2115 90 91*2 127*2 127*2 125*2125*2 115 93 115*2 93 123 112 123*2 115 10 100*4 101 101 J a n ’ 03 75*2 77*4 104 104 105*4 J a n ’ 03 103 *2 J a n ’03 102% N ov’02 109*2 Sep ’97 100*8 Jan ’03 99 D e c ’02 100*8 J a n ’ 03 99 *2 N ov’ 02 92 93*4 42 9 90 90 S 92*2 92*2 91 J a n ’03 111*4 Sep ’ 01 106 J ’ne’98 95 104*2 107*2 92 94*2 104 104 104*4 105*4 103 103*2 100*8 100% ibo% io6*b 92 90 91*2 91 94% 90 927e 91 A p r’ 02 107*2 J’ly ’ 00 110*4 D ec’ 01 BONDS N. Y. STOCK E X C H A N G E [VOL. L X X Y I . — - W e e k E n d in g F eb 6 P r ic e F i'id a y F eb 6 W eek's R ange or L a st S ale << R a n ge S in ce J a n u a ry 1 B id A s k L ow H ig h A o Low H ig h X Y Cent 6c H R— (C o n tin u e d j X J June R gu 1st 4s. ..1986 F-A 105 Oct ’02 Registered.................... 1986 F- \ N Y & Pu 1st con gn g 4s 1993 A-O 104 ........ 105 *2 X ov ’01 X or 6c Mont 1st g u g 5 s.1916 A-O W est Shore 1st 4s gu.._236l J-J I l l ........ 110*2 1 1 0 % 8 110 111 8 109*2 111 Registered.................... 2361 J-J "109*2........ 109*2 110 Lake Shore consol 2d 7s. 1903 J-D 103% ........ 103 Jan ’ 03 .... 102*4 103 Registered.................... 1903 J-D 103*8........ 102*4 Jan ’ 03 ___ 102*4 102*4 Gold 3 *2 S....................... 1997 J-D 105% Jan ’ 03 105*4 105 *2 Registered................. 1997 J-D 105 J a n ‘03 . . . . 105 105 Det Mon Tol 1st 7 s.1906 F-A 109*2........ 114 F e b ’02 Ka A dcG R 1st g u c 5s. 1938 J-J 120 ........ Mahon C’ l RR 1st 5 s ..1934 J-J *124 ........ i24 J a n ’03 . . . . 124 124 Pitts M cK 6c Y 1st gu 6s. 1932 J-J 139 ........ 139 J a n ’ 03 .... 139 139 2d guards......................1934 J-J 130 ........ M cKees & B V 1st g 6s 1918 J-J 122 ........ Mich Cent 1st consol 6s. 1909 M-S 114*8........ 118% D ec’ 01 5s.................................... 1931 M-S 125*2........ 125*2 Jan *03 . . . . 125*8125*2 127 J’ ne’ 02 Registered................. 1931 Q-M 110 D e c’ 01 4s.................................... 1940 J - J 106*2 N ov ’ 00 Registered................. 1940 J-J J L 6 t S 1st g 3*28 ...........1951 M S Bat C 6c Stur 1st g u g 3 s . 1989 J-D X Y & Harlem g 3 * 2 3 ... 2000 M-N ........ i i b 11578 May’OO Registered.................... 2000 M-N X Y & North 1st g 5 s ...1927 A-O i i d 122 119 *2 D e c’02 R W & O con 1st ext 5s. h 1922 A-O 122 ........ 122 ** Jan ’03 . . . . 121*4 1 2 2 % 113*4 J a n ’02 Oswe 6c R 2d gn g 5 s...el9 1 5 F -\ R W & O T R 1st gu g 5S.191S M-N i 107%107*2 Utica 6c Blk Riv gu g 4 s.l9 2 2 J-J 107% 107% 2 104 1047# N Y Chic 6c St L 1st g 4s. 1937 A-O 104% i05 104*2 104*2 Registered........................1937 \ o *........ 104 105 D e c ’02 X Y 6c Greenw Lake See Erie X Y 6c Har See X Y C 6c Hud X Y Lack & W See D L 6c W X Y L E 6c W See Erie X Y 6c Long Br See Cent of X J X Y 6c X E See X Y X H <fe H 100 D e c ’01 N Y N H & Har lq t reg 4 s.l9 0 3 J -D 5 219 221 Convert deb certs $1,000....... A-0 ........ 220 219*2 219*2 218 J a n ’ 03 Small certs $100.................. 218 218 135 *2 J a n ’ 02 Housatonic R con g 5 s.. 1937 M-N M-N X H 6c Derby con g 5s.. 1918 X Y & X E 1st 7s.......... 1905 J - J io 2 * 4 ........ 114 J a n ’00 1st 6s..............................1905 J - J * 1 0 1 *2 ........ 106% Mar’ 02 X Y & North See X Y C 6c H 102 103*2 NYO<f e W ref 1st g 4 s ..01992 M-S 102 102 *2 102*4 J a n ’ 03 101*2X ov’ 98 Regis 85,000 onlv........ 01992 M-S X Y 6c Put See X Y C 6c H X Y & R B See Long Island X Y S 6c W See Erie X Y Tex 6c M See So Pac Co 1 114 115*4 114 X or 6c South 1st g 5s........ 1941 M-N 114 115*4 114 133 Aug’02 X orf 6c W est gen g 6s.......1931 M-N 131*2.. 132 D ec’ 02 Im provem ’t 6c ext g 6s.. 1934 F- A. ........ 132 132% Jan ’03 •••• 132 132*4 N ew River 1st g 6s.......1932 A-0 ........ 132 101*8 58 100 1 0 1 % X 6c W R y 1st con g 4s. 1996 A O 101 Sale 101 100*2 Jan ’ 02 Registered.................... 1996 \ o ’92*4 93 92*4 93 105 91 93% Pocali C & C joint 4s.. 1941 J-D C C & T 1st gu g 5s........ 1922 J-J 108*8........ 107*2 J ’l y ’ 01 2 100*2 101 Scio V 6c X E 1st gu g 4s 1989 M-N 1 0 0 * 2 ........ 100*2 101 North Illinois See Clii & X W North Ohio See L Erie 6c W X or Pac—Prior lien g 4 s.. 1997 Q-J 103*2 Sale 103*4 103*4 90 102*4 104 102 J a n ’ 03 . . . . 102 105% Registered.................... 1997 Q-J 84 71% 73*2 73 Sale 71% 73 General lien g old 3s___a2047 Q-F 71 Sale 70*4 72% 13 70*2 72*4 R egistered................. a2047 Q-F C B 6c Q coll tr 4s See Gt X or 95 ____ 1 0 2 *2 May’ 02 St Paul-Dul Div g 4s___1996 J-D Registered.......1.......... 1996 J-D 64 125 127 127 St P 6c X P gen g 6s___1923 F-A * 127 ........ 125 132 J ’l y ’99 Registered certific’s.,1923 ON CF r *12 o*4 _. 118 N ov ’ 02 St Panl 6c Dul 1st 5s___1931 F-A 110 Oct ’02 2d 5 s ............................. 1917 \ o 97 ........ 97*2 Jan ’03 . . . . 97 98 1st consol gold 4s........ 1968 J-D 94% F e b ’02 Wash Cent 1st g 4 s ........ 1948 Q-M X or Pac Ter Co 1st g 6 s.. 1933 J-J i ’1 4 ii5*2 115*4 J a n ’03 . . . . 115*4 116 X o r Ry Cal See So Pac X or W is See St P M & O X or & Mont See N Y’ Cent Ind 6c W See C C C & S t L O luo River R R le t g 5 s.1936 J -D 113 114*2 114 D e c’ 02 General gold 5s...............1937 A-0 110*2 113*2 108*o J ’l y ’02 Ore 6c Cal See So Pac Co Ore R R & N a v See Un Pac Ore Short Line See Un Pac Oswego 6c Rome See N Y C O C F & S t P See C 6c X W 1 107 109 109 Coast Co 1st g 5s___1946 J-D ........ 109*2 109 P ac ac of Missouri See Mo Pac 102 102 Panama 1st s fund g4*2S..1917 A-O 102*2105 102 Jan ’ 03 99 ........ 102 A p r’02 Sink fund subsidy g 6 s ..1910 M-N Penn Co gn 1st g 4*2S........1921 J-J 108*4........ 109*2 J a n ’ 03 . . . . 108*4 109% Registered........................1921 J-J ........ 109*2 108 J a n ’ 03 . . . . 108 109*2 96 ........ 102 Nov’ 98 Guar 3*28 coll trust reg.1937 M-S 97 Guar 3*2S coll tr ser B ...1941 94*4........ 97 Jan ’03 . . . . 97 122*2 J a n ’ 03 . . . . 122*2123 C St L 6c P 1st con g 58.1932 A O Registered.................... 1932 A-O Cl & P gen gu g 4 *2S ser A . ’42 J-J 117 ........ 121 Oct ’00 . . . . 114*2114*2 Series B ......................... 194*2 A-O 118 ........ Series C 3*28................. 1948 M-N Series D 3*2S................. 1950 F-A 102 X o v ’OO Erie 6c Pitts g u g 3 *2 S B.1940 J-J Senes C......................... 1940 j - j X<fe C Bdge gen gu g 4*2 8 1945 J-J 107 P C C & S t L g u 4*28 A . . . 1940 A-O 112*4 114*« 114 *2 Jan ’ 03 113 D e c ’02 Senes B guar............... 1942 A-0 112*4 116*2 F eb ’Ol Senes C guar............... 1942 M-N 110 106*4 X o v ’02 Series D 4s guar.......... 1945 M-N 103 96 Jan ’03 93*4 96 Series E 3*2 guar g ___1949 F-A 127% Oct ’02 Pitts Ft W & C 1st 7s. ..1912 J-J *123 * 128 128 2d 7s................................1912 J-J *123 ........ 128 J a n ’03 130 A p r’ 01 3d 7s............................ M 912 A-O 106 D e c’ 02 Penn R R 1st real est g 4 s. 1923 M-N 104*2 Consol sterling g 6s.......1905 J-J Convertible g 3 *28...........1912 M-N 106 *8 Sale 105*8 107% 6504 104*4 107% Con currency 6s r e g ...01905 Q-M Consol gold 5s................. 1919 M-S 117 ........ M ISC E LLA N E O U S BONDS—Continued on Next P ag e T e le g ra p h and T eleph on e Am Telep-<fe Tel coll tr 4s 1929 Comm Cable Co 1st g 4 s ..2397 Registered.......................2397 Erie T & T col tr g s f 5s.. 1926 Met X & T 1 st s f g 5s.......1918 Mut Un Tel Co See W estn Un X Y <fc X J Tel gen g 5 s..1920 N o Westn Teleg See W est Un W est Union col tr cur 58.1938 Fd and real est g 4*28 . . . 1950 Mut Un Tel s fund 6 s...1911 Northwestern Tel 7 s .... 1904 J .J Q-J f t M-N 115 M-N J-J M-N M-N J-J C oal and Iron Cah Coal Min See T C I 6c R Clean Bit Coal See X Y C & H Col C 6c I Dev Co gu g 5s. 1909 J-J Col Fuel Co gen gold 6 s ... 1919 M-N 97*2 Aug’ 02 96*2 100*2 A p r’02 100*2 Oct ’00 109 Oct ’99 114 N ov’02 113*4 Oct ’01 110 109 104 111 Jan *03 109 104% 12 103 J ’ne’02 C oal and Iron Col F 6c I Co gen 8 f g 5 s ..1943 Convertible deb g 5s___1911 Gr R iv Coal 6c C 1st g 6 s..1919 Jeff & Clear C 6c 1 1st g 5s. 1926 2d gold 5s........................ 1926 Kan & H C & C 1st s f g 5s. 1951 Pleas Yal Coal 1st g s 1 5s. 1928 R och& P itC & I purm 5s. 1946 Tenn Coal T D iv 1st g 6 s.a l9 1 7 109 Birin Div 1st consol 6s. .1917 104% Cah C M Co 1st gu g 6s. 1922 De BarC<fe I Co gu g 6s. 1910 Va Iron Coalcfc C 1st g os. 1949 W h L E 6c P C Co 1st g 53.1919 M anufacturing &: Industrial Amer Bicycle s i deben 5s 1919 M-S Am Cot Oil ext 4*28 .......... 1915 Q-F 55 N ov’ 00 110*2 Aug’ 02 X o price Friday; latest bid and asked this week, a D ue Jan F-A F-A A-O J-D J-D J -J J -J M-N A -0 J-J J-D F-A M-S J-J b Due Feb e Due May 0 D u e J ne 7t D ue J ’ly 40 102 105 102*2 Sale 102 91 94 281 91 92*4 Sale 115 P n e ’02 107 May’97 80 May’97 l06*4F eb’ 02 100 105 Oct ’00 105 96*4 3 106% 107*2 106*4 107*4 106*2 107 107*4108 107*4 107*4 4 105% 107% 105 F eb ’00 2 101 101% 101% . . . . 101% 101 80 9*2 Sale 79 79*2 23 79 32 Jan ’00 30 ....... 34 100*2 Sale 100% p D ue X ov 35 100% s Option sale. 12 34 o 100 42% 101 BONUS N. Y. STOCK E X C H A N G E W eek Ending F eb 6 Penn KK—( C on tin u ed ) Consol gold 4s................ . A lleg Val gen gu g 4 s ...: Cl A Mar 1st gn g 4 'as. D K R R & Bge 1st gu 4s « Gr R<fc I ex 1st gu g 4 b s 1U41 Peo A East Bee C C C & St L 1st consol gold 5s. Pitts Cin A St L Pitts Clev A T o l ; Pitts Ft W A Cli P r ic e F r id a y F eb 6 A s k Low H id M-N M- 8 M-N F*A J -J J-J M-S J P M A Co certls. M-N j -j XV Registered....................199 J .J Jersey Cent coll g 4s. ..195: A -0 Rensselaer A Sar See D A H Rich A Dan See South Ry R ich A Meek See Southern J -J A-0 A-O J-D >J -J J -J Booh A Pitts See B R & P ; Rome Wat A Og See N Y C J -J * J-J ag Tus A H See Pere Marq J-J j.j >j - j ) A-O 8 t L A Cairo See Mob A Oki ) St L A Iron Mount See M P St L K C A N See Wabash St L M Br See T RR A of St j M-N 2d gold 6 s Class C, 3 M-N J-J J-J 3J -J A-O South w D iv 1st J -J M-N A-O A-O St Louis So See Illinois Cent 1M-N J-J J-D J-D J St Paul A Dul 5 A-O J-J J-J J-J J-J ) M-N J-D J-D i A-O S A-0 - A-0 l J-J Mont C 1st gu g Gs........ 193' J-J Registered....................193' J-J J-J i J -D St P A N or Pac See Nor Pac 112 D e c’ 02 May*00 127 Jan ’03 101 O c t ’ 0() 121 *2 Jan ’ 03 111*4 111 J an ’03 113 J a n ’03 137 127 127 S A <fe A Pass 1st gu g 48.1943 1 2 1 **? 121*0 111 111 113 1st guar g 6 s ............. cl910 S P of Cal 1st g 68 .1905 1st g 6 a series B ____..1905 1 st g 6 s series 0 Ac- D __1 900 1st g Gs series E & F ...1912 ........ 1912 1 st. gold Os 113 N ov’97 120 119 113 *8 Oct ’ 01 Stam ped__.1905-.. 1937 S Pac of TsTMex 1 st g 6 s. .1911 112*2 D e c’ 02 119 N ov’02 98 J ’l y ’ 97 10 1*2 N ov’ 02 99*2 101 N ov’ 02 115 b 120*2 D e c ’02 97% Sale 97 97*2 209 92 A p r’ 01 5 * 95 *4 9634 95% * 9534 120 9 7 b Sale 92 Sale 92 110 112*4 * 82 Tex A N O 1st 7 s .......... 1905 Cr»u gold 5s __..1943 Southern —1 st con g 5s___1994 Registered ____ 1994 Mob Ac Ohio coll tr g 4ft..1938 95*2 98*2 St Louis div 1st g 4s---- 1951 A la Ceu R 1st, g Os ___1918 At.l Ar. TYauv 1st, tr 4s .1948 Atl Ar. Yn,il 1st tr truar 4s. 1949 Col A Greenv 1st O s .__1916 E T Va & Ga Div g 5s.. 1930 93*8 96 97*2 97*2 16 97 98*2 25 91 91*2 92 92 97 Jan ’02 112*2 J a n ’03 __ 112*2 112*2 80*2 J ’ly ’02 94*4 N ov’02 E Ten reor lien g 5s.......1938 fta Pne R v 1st a Os. __1922 Rich Ac Dan con g 6 s ---- 1915 101*4 N ov’01 94*2 94 Rich Ac Meek 1st g 4s 1948 So Car A Ga 1st g 5s---- 1919 JaD ’ 03 94 Series T) 4-5s 94 l*rice F r id a y F eb 6 w■ — -V. Southern Pac Co—(C o n tin u e d ) H Ac T C 1 st g 5s int g u ..l9 3 7 Consol g Os int guar__1912 Gon gold 4s int guar.. 1921 W aco Ac N W div 1st g 6 s ’ 30 Morgan’ s La Ac T 1st 7s. 1918 1 st gold Os ______ 1920 N Y T & Mex gu 1st g4s. 1912 107*2 Oct ’98 1921 W eek's R a n ge o r L a st S a le II |l ! * ' R ange S in ce J an u a ry 1 H ig h A o i L ow H ig h 110% Jan ’ 03 110 l l i 112 J a n ’ 03 ___| 112 112 94 ........ 94 J a n ’ 03 93 94 127 b F e b ’02 129*8........ 130 N ov’ 02 T 1 117 ........ 122 S en ’ 02 A-U T 106 ........ J1- .J 117 ........ 113 J a n ’ 01 A.99 ........ 105 b N ov’01 •J-J 8 5 b 86 40 85 1 T 8534 86 80 b J-J 110 ........ 112% A p r’02 111*4 111% J .J I l l l l l 7e 111 *4 Jan ’03 ................... A-O 105% . . . . . . 105 b Dec *02 a r> 106 b ........ 108 D e c ’ 01 A O 1 0 S % ........ 110% Jan ’ 02 A-0 109 b ........ 119b Jan ’ 03 •••• 119b 119 b a - n 119*8........ 119 b J ’ne*02 107 N ov’OO \r.N i0»*4 110*4 109*4 Jan ’ 03 109*4 109*4 1. T n o 112 112 D e c ’02 j-j T."_A i o i b ........ 108 May’ 02 ........ 1 1 1 b O c t ’02 XT C n o T. .1 104 ........ 108b J ’l y ’01 117% 58 116% 118 b T 1 1 1 7 b Sale 117 122b Jan ’ 02 T 1 ........ 116 J-J 96*4 9 7 b 9 6 b 96b 1 9 3 b 97*4 M-S 1 T 113 4 Jan ’03 113 1 1 3 b J-J 98 b Sale 97 b 98 b 11 97*4 9 8 b J-J T 1 1 1 4 b ........ 120 Mar’01 J-J T 1 * 94 ........ 95 Dec *02 90 ........ AA i2 0 Sep ’ 02 1. T 115 115 b J-J 115 ........ 115 J a ii’03 1 119 119*4 119 119 M-N .........119 114 J a n ’ 03 114 115% M-S ........ 115 1. T 123 ....... 1 2 3 b 123b 5 ,122% 124 123 124 JT. J1 124 1 2 5 b 124 Jan ’ 03 o 117*4 117% J-J 117*4 117% 117*4 117*4 Al-O 101 ........ 101*4 J’ l y ’00 A A 1 1 0 b 112 111 D e c ’02 87 ........ 92 S e p ’ 02 107 4 106 107 b M-N 107 Sale 107 M- fc 1 1 8 b ........ 123 F e b ’02 1 1 1 % ........ 113 b N ov’02 M. Q 114*4........ 115 J a n ’03 i l 5 i ’l 5 1 115bH 6 115% M-N 11534 ........ 115» mi xr 116 4 D ec *01 C 93 98 98 b A p r ’02 5 115 115 b J-J 115 b Sale 1 1 5 b 115b B id A sk L ow J-J \n w O Ar, W 1at ov <rn 4a 1924 W e stN 0 1st con g (5s..1914 S Ac N Ala See L Ac N Spok Falls Ac Nor 1st g 6 s. 1939 T. l ' Stat ral Rv 1at gu g 4ba 1943 1_Tl Sunb A Lew See Penn RR Syra Bing A N Y See D L Ac W rP ebo Ac N See M K Ac T I e r A o f St L 1st g 4*^s. .1939 a ,n 1 st, con gold 5s 1894-1944 TT. A St L M Bge Ter gu g 5a_1930 A-O Tex Ac N O See So Pac Co Tex Ac Pac E Div 1st g 6 s .. 1905 M- S 1st gold 5s.......................2000 J-I> 2d gold inc 5s_________ ^2000 La Div B L 1st g 5s___ 1931 J .J Tol & O C 1st g 5s_______ 1935 j . j Western Div 1st g 5a. 1935 a .n General gold 5s........ ....1 9 3 5 J -D Kan A 1st gu g 4a 1990 A_r> Tol P Ac W 1st gold 4s___1917 J-J Tol S t L & W p r lien g3*2ft-1925 J-J 50-year gold 4s...............1950 A -0 Tnr Ham Ac Buff 1st g 4s./tl946 J-D 1 f l 8ter& Del 1st con g 5s 1928 J-D U n Pac RR Ac 1 gT g 4 s ..1947 J-J Registered....................1947 j . j 1st lien convert 4s........ 1911 M-N Registered...................1911 M-N Ore Ry <fe N av con g 43.1946 J -D Ore Short Line l s t g 6 s .. 1922 F-A 1 st consol g 5 s .. .7.......1946 J-J 4s Ac participating ....1 9 2 7 F-A fTtah A. Nor 1st 7a. 190.8 J - J Gold 5s.......................... 1926 J-J Uni N J RR & C Co See Pa RR Utah Central See Rio Gr Wes Utah & North See Un Pacific Utica & Black R See N Y Cent Y Jer Val Ind & W Sec Mo P V irginia Mid S ee South Rv Va & Sonthw’t 1st gu 58.2003 J -J \\J abash 1st gold 5s.......1939 M-N >V 2d gold 5s.................1939 F-A Debenture series A .......1939 J-J Series B .........................1939 j - J 1st lien equip a Id g 5 s.. 1921 M-S Det & Ch E xt 1st g 5 s.. 1941 J - j Des Moin Div 1st g 4 s .. 1939 J - J Om Div 1st g 3 *2 S._____ 1941 A-O Tol <fc Ch Div 1st g 4 s ... 1941 M- S St Chas Bridge 1st g 6 s. 1908 A-O Warren See Del Lac <fc W est Wash Cent See N or Pac Wash O A W See Southern West N Y <fc Pa 1st g 5s.. 1937 J-J Gen gold 3-4s.................. 1943 A-0 Income 5s..................... rfl943 Nov W est N o Car See South R y West Shore See N Y Cent' W Va Cent & P 1st g 6 s .. 1911 J-J Wheel*g & L E 1st g 5 s ...1926 A-O Wheel Div 1st gold 5 s.. 1928 J-J Exten & Imp gold 5s__1930 F-A 1st consol 4 s\ .7 ............... 1949 M-S Wilkes A East See Erie Wil A Sioux F B ee S t P M & M W inona & St P See C & N W Wis Cent 50-yr 1st gen 4s. 1949 J -J A * * 106 106 129% 113% Sale 96 Sale 88 124*0 87 b Sale * 108 J a n ’03 10530 106 108*4 Aug’02 129 " J a n ’03 127*2 129 113*4 113*4 26 113 114*8 95 *2 Jan ’03 •••• 95*2 95*2 100 J a n ’02 87% 89 78 1697 87% 91*8 125*« J’ ne’02 51 86*4 88*2 87 b 88 4 97*2 84^ 9 85 21 97*2 97 84 Sale Sale 86 84 85 100 113b 113*8 J a n ’03 136% 135*4 Jan *03 140 May’ 02 *ilO % 111*4 111*4 116*8 A p r’01 114 'J a n ’ 03 113 b 102 104 104 J a n ’ 03 106 May’01 106 107*2 S e p ’ 02 134*2 i l 8 *s 121*4 M-S T 1 11034 111*2 114 114 103*2 104 134 11334 D e c ’01 128 O c t ’ 02 123 D e c ’99 95 *4 N ov’01 1 1 2 34 87 95 102 1 1234 Ang’ Oi Jan ’ 08 1 112 34 l l 2 34 95 7 Jan ’ 03 98% 99 16 91*2 91*8 15 95 A p r’ 02 111 J ’ne’Ol 99*4 100 99*4 99*2 4 99 7e J ’ne’OO 8 6 3.i Sale 86% 87 47 112 J a n ’03 108 Mar’ 02 109 7e Jan ’03 112 O c t ’ 02 103 Aug’ 02 102*2 D e c ’ 02 95 83*4 84% 101*2 1 0 2 % 102 9834 91*2 92 107 *104% 107 " *107 109 105 104 106*2 134*4 Aug *01 83% 84*2 84*4 843s 102*o 103 102% Jan ’ 03 110 104% F e b ’98 97 " Oct ’ 02 96*4 102 94% 97*2 84 " 85 *2 84*2 86 113*8 113*8 134*2135*4 128 A p r’02 134*4 J a n ’ 03 115 A p r ’97 124*2 J ’iie’02 125 *2 F e b ’02 111 > J-J 108 A-O 128% A-0 114% l J-J 95 " i M-N 1 1 2 % S J-J 95*2 i J-J 95 ) A -0 M-N Seab <fe Ro' 1st 5s............. 19‘^ 3 J-J Car Cent .st con g 4s. ..194 ) J-J Slier Shr A So See M K & T 811 Sp Oca A G See Sav F A 1 J [ J -J So Car A Ga See Southern 3 J-D ) J -D ) J-D J-J 1 F-A ) F-A ) J-D ) J-D ) F-A 5 J-D M-N 1M-N ; m -n Hous E A W T 1 M-N 111 117 126 S I A & A P See So Pac Co S F<fe N P N ov’9 7 112*2 1 1 2 34 Mar’OO r>. f 125 M-N a n >M-N A.O 113 F-A J-D > A O 120 A-O j .j J-J H ig h 323 BONDS N. Y. STOCK E X C H A N G E W eek E nding F eb 6 R ange S in ce J an u a ry 1 H ig h H o L o w 102 *109 108 *108 *100 J .J A -0 Week? 8 R a n g e or L a st S ale son a s Sold Bond Record— Concluded— Page 4 7, 1903.] JnVst P eriod February 102 98 99 90*2 92% 99*4 102 84 87 1 12 il2 107*8109*e ................... 122 101 ........ 117 J ’l y ’ 00 105 104 b Sep ’ 02 112 J a n ’03 ........ 115 115% ........ 118 J a n ’ 03 115 b May’02 102*4........ L1634 Sale * 99 ........ 109 ........ 1 1 1 b ........ 107 ........ 02 Sale 85 b Sale 79 Sale 98 ........ 110 *4 Sale 103 Sale 106 b Sale i o i b Sale 123 b 124% 1 1 3 b Sale 95*4 Sale 101% Sep *02 23 116% 117 100 J a n ’03 111 J a n ’03 112 J a n ’03 1137e N ov’ 02 107 ~Jan ’03 96 Jan ’ 03 92 92 4 85*4 85*4 6 787s 7 9 b 42 98 b Aug’02 1 110*4 110*4 1()278 103*4 296 102% Jan ’03 105% 106*4 1667 105*4 Jan ’ 03 101b 1 0 1 % 20 3 123 b 123% 113b 1 1 3 b 23 95 97 b 475 115 N ov’02 114b A p r’ 02 112 112 118 118 1 1 6 b 117% 99 100 111 111 107 93 90 83% 76 " 107 96 92 85 b 80 lllb H 2 no nob 102% 103% 102 103 b 105b 107*4 105*4 1 0 5 b 100% 101% 1 2 3 b 127 b 113 114 95 98b 108 4 101b 1 0 1 b 101b 101b 1 1 7 b 117% 33» 116b 117% 4i 107 111 107 108 101b J a n ’ 03 1 0 1 b 101 b 77 8 1 b 4243 75% 8 1 b 1 0 4 b D e c ’ 02 109 109 1 109 109 97 May’ 02 85 b Jan ’03 84 85 b 98 Mar’ 02 ........ 109 D e c’ 02 117 99 30 118 117*4 117b 100 9 9 b 100 ........ 40 Mar’ 01 101 103 117% Sale 108 Sale 100 ........ 80% Sale 106 ........ * 109 ........ 92 95 ........ 85 b 5 117b 117b 5 99 100 109 114 Ill ........ 114*^ Jan ’02 ........ 116b J a n ’03 ........ 113 Sep ’ 02 110 111% Oct ’02 92% 02% 0 2 % Sale 9 1 b Sale 90% 115 41 116 b 9 1 b 92% 9 1 b •166* 90 91% M IS C E L L A N E O U S BON DS—C oncluded. Hniinfnctiirins; & Industrial Am Hide A L 1st s f g 6s.. 1919 Am Spirits M fg 1st g 6s.. 1915 Am Thread 1st col tr 4 s ... 1919 Bar A S Car Co 1st g 6 s ... 1942 Con sol Tobacco 50-yr g Is. 1951 Distil Sec Cor conv 1st g 5 s.*27 Distill of Arner coll tr g 5s. 19.11 111 Steel Co deb 5s............. 1910 Non-conv deben 5s........ 1913 Jut Paper Co 1st con g 6s. 1918 E nicker Ice (Chic) 1st g5s.*2S Nat Starch Mfg Co 1st g 6s 1920 Nat Starch C o s t deb 5 s.. 1925 fitan Rope A T 1st g 6 s ... 1946 Income gold 5s...............1946 U S Leatli Co 8 fdeb g 6 s.. 1913 U S Shipbldgcoll A mge 58.*22 1st s ( 5s g “ A ” ...............1932 __ ^------ M-S 97 ........ M-S 94*4 Sale J-J ........ 80 J-J F-A 647e Sale A-O 7 5 Sale J-J 98 99 J-J 100 ........ A-O 100 ........ F-A 107% 110 A -0 ........ 93 M-N 04 ........ J-J ........ 74 F-A ........ 64 11 Sale M-N F-A J-J ......... 78 --- • N o price Friday; latest bid and asked, 97 97 15 95 96% 93 93 94% 3 S3 80 80 80 Jan ’03 105 Jan '()() 64 % 67% 647a 67% 75 77 7 6 b 162 75 99 99 99 3 99 99 Jan ’ 99 ........ 100 May’02 107 107 2 107 110 93 Aug’ OO 94 94 5 94 95 80 Jan ’ 03 80 80 64 65 68 8 64 10b 12 7 1 0 b 13 b 112 114b 114b J a n ’ 03 91 91 J a n ’ 03 91 80 Jan *03 • • • • SO 80 ^- — 1 .... a Due Jan bD ueFeb ! M iscellan eou s Adams Ex col tr g 4 s .........1948jM- S 1 05% ........ Am Dk A Imp 5s S ee Cent N J Am SS Co of W V a g 5s.... 1920IM-N B’kl’n FerryCo 1st cons g 5s *48 F-A 7 2 b ........ Chic Jc<fe St Yard col g 5 s.1915! J - J 103 ........ Dot M A M ld g r incom es..l911IA -0 86 83 Hoboken L I gold 5s. ..1910 M-N Mad Sq Garden 1st g 5 s..1919 M-N Man Bch H A L gen g 4 s ..1940 M-N Newp N e Ship Ac 1) 1) os dl990 J - J N Y Dock 50-yr 1st g 4 s ..1951 F-A 92 92 b St Joseph Stk Yds 1st 4 b s . 1930 J - J 101 St L Ter Cupples Stat’n A Prop C o l s t g 4 b s 5-20 y e a r..1917 J-D S Yuba Wat Co con g 6 s ..1923 J-J Sp Val Wat W orks 1st 6 s 1906 M-S 105 TJ S R ed& Ref 1st s f g 6 s. 1931 e D ue M ar d D u e A p r g D ue J n e h D ue J’ly i 105% Jan ’03 — 100% J’ ne’ 02 75 J a n ’ 03 111 Mar |p1 85% i>7b 15 104 106 73 76 85% 9 0 * .................... ...J 90 90 | 1| 90 92'4 92>a| ij 92 b 90 95 Feb *97 113 b J ’ ly ’ 00 85 J a n ’ 03 . . . . | S5 101 S5 __»_____ k D ue A n g p Due N ot q D ue Deo fO p tio n s& li BOSTON STOCK EXOHA.NG-E— Stock Record, Daily, Weekly and Yearly S h a re P rices—Not P er Centum P rices S a tu rd a y J a n . 31 M onday F eb. 2 T u e sd a y Feb. 3 W ed n esd a y F eb. 4 T h u rsd a y F eb. 5 F r id a y F eb. 6 STOCKS BOSTON STOCK EXCHANGE S a les o f the W eek S fiares R a n g e f o r Y ear 1903 L ow est H ig h e s t R a nge io r P r e v io u s Y ea r ( 1 9 0 2 ) L ow est H ig h est R a ilro a d s 87% 88% Atch Top & Santa FelOO 2,053 84 Jan 3 89% Jan 10 74% Jan 96% Sep 100 100% 1 0 0 % 1 0 0 % 100*2101 657 99*4 Jan 26 103*4 Jan 10 95% Mar 106 Sep Do pref............... 100 627 257 Jan 9 262% Feb 4 256% Dec 266 May 261% 262 Boston & A lbany___100 260*2 262*2 262 262 151 Boston Elevated.......100 151 152 602 150 Jan 31 154 Jan 5 149% Dec 173% Mar 151 151*2 151 243 Boston & Low ell.......100 242 243 -242 243 *242 74 240 Jan 19 243 Feb 4 236 J’ ne 248 Apr 290 189 Feb 3 195 Jan 5 190% Nov 209 A p r . *189%190 190 190 *189% 190 Boston & M aine.......100 L a s t S a l e 1 7 5 \ Jan *03 *175 179 175 Jan 28 175% Jan 28 171 Oct 183 Apr Do p ref............... 100 300 303 Boston <fc Providence 100 *300 303 -300 303 18 299 Jan 29 301 Jan 19 97% J’ ne 307 Mar 153 156 152 Jan 20 157 Jan 6 150 Sep 172 Mar 154 Cilic J unc R y <&U S Y 100 154 155 *153 154 90 122 Feb 6 125 Jan 2 123 Nov 136 Mar 122 122% 122% 122 123 . . . . Do pref............... 100 190 5 196 Jan 6 196 Jan 6 196 Nov 202 Jan 196 Con& Mont Class 4 .. 100 *190 196 *192 196 L a s t S a l e 26*534 Jan *03 Conn & Pass R iv pref 100 160 Jan 5 16534 Jan 27 160 J’ ne 166% Feb *280 285 *280 285 8 281% Jan 27 285 Feb 4 280 Oct 295 Feb 285 285 *283 288 *283 Connecticut R iv e r... 100 617 140 Jan 16 143 Feb 4 141 Dec 148 Mar 141 141 142 142% , 142% 142% Fitchburg pref.......... 100 141 141*« 142 143 Sep *02 Houston El’ tric com. 100 •........ 44 *........ 44 L a s t S a l e 49*2 47 J ’ly 50 J’ n » ........ 44 L a s t S a l e 175 Jan *03 Maine Central............ 100 175 Jan 26 175 Jan 29 172 Jan 178% J ’ly 3634 36% 36% 36 36% 36% 36% Mass Electric Cos___100 1,041 35% Jan 23 37%Jan 8 33 Dec 45% Apr 36 36 36 563 92 Feb 5 96 Jan 7 92 Jan 99 J ’ ue 93 93 93 93 93 93 92 93 92*2 93 Do p ref............... 100 *2434 25% *25% 26*4 40 25 Feb 4 26% Jan 6 22% Dec 31 Mar 25 25 *25*4 26*4 Mexican Central.......100 920 220 Feb 2 2-25 Jan 221*' 221 N Y N H & H a rt....100 221 221 221 221 220 221 221 222 210 Jan 254 Apr! 170 175 Jan ’ 03 Northern N H .......... 100 170 175 *170 175 L a s t S a l e 171 170 Jan 8 171 Jan 28 170 Jan 175 Jan J a n ’ 03 Norwich & W or pref 100 L a s t S a l e 231 230 Jan 6 231 Jan 6 230 Jan 238 Apr *230 ........ 230 ....... . 230 30 207 Jan 3 211 Feb 6 206 Dec 217 Apr *209 211 211 209 *207*2209 208%209 211 Old Colony................. 100 302 80 Jan 28 84 Jan 22 68 May 8 0 * 4 Sep 80 80 81 81 81 81% *80*2 80*2 81 81*2 Pere Marquette........ 100 79 80 Jan 2 85 Jan 9 79% May 91 J ’ly *80 85 -82 81 81. 81 81 81 *83 84 Do p ref............. 100 2 65 Feb 2 71 Jan 20 64% Dec 125% Apr 65 *65 *65 ........ - -•••• 70 *65 65 68 Rutland pref..............100 25 *24 L a s t S a l e 25 25 Jan *03 Savannah Elec com .. 100 26 25 Jan 12 25 Jan 12 25 Nov 31 J’ ly *23 *23 25 *23 145 75 Jan 5 84% Jan 10 58 Jan 90 May 82 80 *79 80 80 80 78 80 Seattle E lectric.......100 78 78 82 *80 248 101 Jan 28 104% Jan 6 103 Oct 110 Mar 102 101 101 102 1 0 1 % 101 % 101 101 101 *2101*2 1 0 1 % 102 Do pref.............. 100 100%101% 101% 101% 101% 102% 102*4 102% 102% 102*4 Union Pacific............ 100 2,535 100% Jan 23 104% Jan 9 93% Dec 113 Aug 1 0 0 % 101 60 92 Jan 2 95 Jan 27 86% Mar 94% Aug *94% 93 93 94 95% 93% 93*2 *93% 93 % 94 *92% 92% Do p ref.............. 100 9 175% Feb 5 175% Feb 5 172 Jan 178 J ’ lv 175 178 175*2175*2 ♦175 176 *175 178 *175 178 Vermont & M ass....1 0 0 424 94 Jan 15 96 Feb 4 92% Oct 99 Mar 96 96 95 95 *96 95 95*2 95*2 96 *94 . . . . W est End S t............. 50 25 111 Jan 3 114% Feb 5 111 % Dec 117 J’ ne 114 114 112 112% 114*2114*2 *115 *112 .... Do p ref.............. 50 L a s t S a l e 26*% Jan 26% Jan 15 26% Jan 15 19% Jan 34% J ’ly W isconsin Central... 100 52 Jan 15 52 Jan 15 39% Jan 55% Sep L a s t S a l e 52 Jan Do pref.............. 100 L a s t S a l e 150 Jan 150 Jan 14 150 Jan 14 145 Nov 152% May W ore Nash & R o ch ..l0 0 M iscellan eou s 830 22 Jan 24 24 24*4 Jan 10 19 Dec 32% J ’ly 24 24% *24 24 24*4 Amer A gricul Chem.100 24 24 24 24*4 24*4 430 81 Jan 84 Jan 15 76% Dec 91 J ’ly 83% 82*2 83*2 82 82*2 82*2 83 Do pref............... 100 83*2 83% 83*2 8234 83 70 4 Jan 9% May 6 Jan 16 5 Jan 6 Amer Pneu Serv....... 50 5% 5% -5*2 6 *5*2 6 *5*2 5*2 5*2 *5*2 6 74 15 Jan 21 20 21 *20 2l 22 Jan 8 21 J’ ue 37% May 21 22 21 21*2 *20 21 21 Do pref............... 50 112% Nov 135% Mar 134*4 Jan 127% 128% 128% 129% 130 131s, 128*2 129% Am er Sugar Refin___100 6,188 127% Jan 129*4 129% 128% 129 174 120 Jan 115 Jan 123 Sep 121 % Jan Do pref............... 100 *121 121*2 121 12138 121 121% 121*4 121*2 121*2 121% 121*4 121% 163% Amer Telep & Teleg.100 2,903 161 Jan 24 165*4 Jan 12 155 Mai 185% A pr 162% 163 163 162*2 163 162*2 163% 161%162% 162 163 276 12% Jan 14*4 Jan 29 12 Dec 17% Jan 14 14 *14 14*4 Am er W oolen............ 100 14*4 14 14 *14*4 14*2 14*4 14*4 *14 792 76% Jan 79% Jan 22 73 Apr 80% Jan 79 79 79 79 78*2 79 79 79*4 Do pref............... 100 78*2 79 79 79 L a s t S a l e *7ie 534 Jan 22 3% May 4% May 47ie Jan 26 J a n ’03 Boston Land............. 10 *4*2 5 *4*2 5 *4*2 5 * 4*2 5 189 120 Jan 30 127 Jan 6 122% Apr 130% Apr *122 123 123 Cumberl Telep & Tel 100 123 •119 121 1 2 0 % 1 2 0 % * 1 2 0 % ........ *12034 . . . . 5334 1,960 53% Feb 6 6 2 *4 Jan 2 25 Jan 79% Aug 55 55 6534 55 Dominion Iron & St 55% 55*4 55*4 55% *54 64*2 54 1,100 7 Nov 9% Mar 7% Jan 12 8 8 East Boston L a n d ... 8 8 8*4 Jan 23 *8% 8% *7% 8% 8 7% 8 8 98 265 Jan 2 280 Jan 12 244 Jan 285 May 278 279*2 279% 279*s Edison Elec Iliu m ... 100 *275 278 279*2279*2 278 278*2 *277 279 444 182 Jan 197 Jan 30 171% Oct 332% Apr 194*2 195 193% General E lectric.......100 191*2193% 192 193 *191*2 194 192 195 197 42% Jan 8 36*4 Nov 41% Nov 40% 40*4 403a 40*2 40% 40% 40*4 Mass’chnsettsGasCoslOO 1,700 40 Feb 40 40*4 40*4 40*2 40*2 8434 85 85% Jan 82 Nov 87*4 Oct 8434 84% 8434 84% 84% 84% 84% 84% 84% 85 Do pref................100 2,914 84% Jan 117 180 Jan 190 Feb 170 Jan 190 Sep 188% Mergentnaler L in o.. 100 188*2 190 188*4 188*4 188*4 188*4 *187 * 187*2 187*2 190 178 Dec 175 2% Jan 29 3% Apr 2 Jan 2*2 2% 2*4 2*4 Mexican Telephone.. 10 2*4 2*4 2*4 2*4 2*4 * 2% 2*2 2 86 Jan 86 Jan 2 87 Nov 93% J ’ ne 87 86 N E Cotton Yarn pref 100 87 86 * 87 * ........ 87 *........ 87 * 125 135 Feb 135 Jan 151 A pr 139 Jan 136% N E Telephone.......... 100 136 136 136 *135 137 135*2135*2 135 135*2 135*2 137 21 Dec 41%Sep 15 Jan 12 20 Jan Jan ’03 Plant Comp new com . 100 17 L a s t S a l e 16 * 20 * ........ 20 * ........ 17 * 308 230% Jan 5 237 Jan 216 Jan 250 J’ly 234 Pullman Co................. 100 233 234 234 232 233*4 *232 233 232 232 *232 234 934 Jan 6 Jan 10% Oct 9% Jan 8 Jan ’ 03 Reece Button-H ole.. 10 *9*4 934 *9*4 9% L a s t S a l e 934 *9*4 9% *9*4 9% 95 123% Jan 13 132 Jan 100 Jan 177 J ’ly 127% Swift & Co................. 100 126*2126*2 126*2126*2 *126 127 *126 128 *126 *126 129 115 25% Jan 15 26% Jan 15 26 Oct 27 Jan 27 *26 27 Torrington Class A .. 25 *26 *26 27 27 26 26*2 *26 *26 27 L a s t S a l e 29% 29 Jan 21 2934 Jan 5 28 Jan 30 Oct *2934 30 *2934 30 *2934 30 Jan ’ 03 Do pref............... 25 *2934 30 1 *4 Aug 1 % Jan 12 3*10 Feb 5 2% 23fe *2*2 3 234 3 2% Mar 3*16 Union Cop L’d & M g. 25 1,150 3*18 3*16 3*iq 384 108% Jan 5 111 Jan 10 85% Jan 117 Sep 109% 110 United F ruit..............100 109*2 110 109*2110*2 109% 110 110*4 110*4 110 110 440 50 Jan 20 53 Jan 2 46 Jan 57*4 May 51% 51% 51% United Shoe M a ch ... 25 51% 51% 51% 51*2 51*2 51*2 61*2 52 52 29 Jan 33% Apr 598 3 0 % Jan 6 31% Feb 31 % 31 313b 31*4 31*4 31*2 31*2 31% 31*4 31*4 Do p ref............... 25 31 31 11*4 Jan 15*4 Sep 275 12% Jan 15 13% Feb 13% 13% 12 % 12 % 13% 13% S Leather............... 100 13*2 13*2 80*4 Jan 91% Sep 25 89% Jan 90 Feb 90 90 Do pref............... 100 13% Jan 19% Oct 50 16% Jan 27 18 % Feb 18% 18% S R ubber............... 100 49 Jan 62*4 Mar 10 53 Feb 4 57% Jan 53 53 Do pref....... .....1 0 0 29% D ec 46% J an 3934 38% 39% 37% 373e 37*4 38*2 38% 38% 39 S Steel Corp.......... 100 7,080 36% Jan 2 39% Feb 37 37 79% Dec 97% Jan 88% 89% 89 89% 8 8 % 8 8 *4 87% 87% 87% 87*4 Do p ref............... 100 2,620 86% Jan 23 89% Jan 86% 87 •50 Jan 14 •60 Jan 13 •72% Mai 1T2% Apr L a s t S a l e •50 Jan ’ 03 W est End Land........ 25 *•60 *90 *•60 *90 •60 -90 *•60 -90 28 Jan 12 22 Dec 33% Apr 556 23% Feb 24 2434 2434 W est Telep & Teleg.100 24*“ 23% 24 24 24 23*2 24 *23*2 24 437 97% Feb 101% Jan 15 91 Feb 106% Apr 9734 9734 97% 97% 97*2 98 98 98*2 97*2 98 Do pref............... 100 98 98 8 6 % Jan 115% Apr 75 104 Jan 108 Feb 107 W esting El & M fg ... 50 *107 109 X108 108 106*2106*2 *107 110 *106 110 *104 67 L04 Jan 110 Jan 29 89 Jan 117 Apr 107 107 *105 107 Do pref............... 50 108 108 *107 110 *107 HO *107 110 M ining 12% Dec (£24% Apr 14% 15% 14 15 15*4 16*4 Adventure Con.......... 25 4,265 14 Jan 29 18 Jan 15 15 14*2 14*2 14*4 14*4 2 Aug 4% Mar 5% Feb 434 3% Jan 3 5 % 534 4% 4% 5% 5% A llo u e z ....................... 25 13,186 4% 6 5% - 4*2 4% 53 % Nov 78% Feb 68% 69% 68% 69*. 6534 66% 68 68 69 H Amalgamated CopperlOO 34,511 62% Jan 14 69 % Feb 67% 6 8 *4 66 ““ 1% Nov 3% Apr L a st Sale 1% N ov’ 02 Amer Gold Dredging 5 2 2 ....... 2 2 6 Dec 16% J ’ ly 7% Jan 6 J an L a s t S a l e 6% 7 J a n ’ 03 Am Zinc Lead & Sm. 25 7 ....... 7 7 21 Nov 35 Jan 2734 273 Anaconda.................... 25 2,020 23% Jan 12 28 Feb 27% 27% 2734 28 25 *24 25*4 25*4 26*2 27 3 % Jan 13*4 Mar 5% Jan 10 4 % Jan 3 434 5 434 4% A rcad ian ....... . 25 4,475 4*2 4% *4% *4*4 4 % 4*2 4*2 4*2 1 Jan •45 Jan 24 •50 Jan 23 •37% Dec L a s t S a l e •50 Jan ’ 03 A r n o ld ....................... 25 *•50 •75 *50 •75 *•50 •75 *•50 •75 6 Dec 9 Deo, 10*4 Feb 6 8 % Jan 934 10 10 1 0 % A tla n tic ...................... 25 1,728 9 9 9 9 9 9*2 9% 9*4 20% Jan 39% Apr 38*4 Feb 36*4 3 7% 37 34% 36 33% 34% 35 38*4 Bingham Con Min<fc S 50 14,610 29% Jan 34 33*2 33% •40 J ’ly 1*20 Mar 100 •65 Jan 14 •80 Jan *•60 *75 •60 •75 Bonanza (Dev C o )... 10 *•60 •75 •70 *70 *•60 •70 ••60 •70 * ■ 5 Apr 2 Jan A p r’02 Boston (Quicksilver) 10 Last Sale > 3 3 3 *......... 3 5 % Sep 10% Mar 8 Feb 3 4 % Jan 20 6% 6% British Colum (Ltd). 5 1,115 7*4 7% 8 •*8 ~ ' *7*2 7% * 6*2 *7% 8 544% Jan 15 420 Dec 650 Feb 182 498 Jan 525 520 Calumet & H ecla___ 25 520 530 520 520 500 510 618 518 510 520 TO Apr T2 Jan L a s t S a l e 10 D e c ’02 Catalpa (S ilver)........ 10 *•08 •10 *•08 •10 *•08 *10 *•08 •10 11 Jan 28 Mar 27% Feb 25% 27 26 27% C entennial................. 25 11,320 19% Jan 25*4 2534 25*2 26*4 25*4 25*4 2434 25*2 8% May 6*4 Dec 7% Jan 20 6% Jan 31 764 7 7 7 7 *6% 7 7*4 7* Central Oil............... 25 6% 6*4 * 6*2 7 •25 Apr 2 Jan L a s t S a l e 30 D e c ’02 Cochin Tr Co recta.. 10 *....... . *25 •25 1% Jan 2*4 J ’ ly 1% Jan 13 12732 J an 2 134 m Cons Mercur G old ... 5 3,3 / o 1% 1% 134 134 1% 1% 1% 1% l 7t 1% 10 15 Jan 30 15 Jan 30 15 Oct 19% J ’ ly *14 16 15 *14 16 Continental Zinc....... 25 14 15 15 15 *14 69 Feb 6 43% Mai- 65*4 Oct 66% 67% 66% 69 Copper Range Con ColOO 29,470 59 Jan 64% 65% 66 67 65% 66% 64*4 64% 41* D a ly -W e s t................. 20 1,791 36% Jan 20 44 Jan 8 18 *4 Mar 56 J’ly 40 41 40 40% 40 41*2 41% 4134 41 40 40% 130 ~Jan 23 131% Jan 10 54 Jan 146% Sep L a s t S a l e 130 Jan 03 Dominion Coal.......... 100 *129 131 *129 131 *129 131 *129 131 1 1 8 % Feb ~ 113 Dec 119 Jan 10 1 1 8 % Feb *115 *115 ........ 118% 118% Do p ref............... 100 1% Jan 5 % Mar 4 % Feb 2 % Jan 3 3% Elm R i v e r ............... 12 3,600 3% 3% 4% 3% 3*4 3*4 3*4 3*8 3% 3% 3% 7% Dec 15% Feb 939 10 15 11% Feb 5 *9% 10*2 11% Franklin..................... 25 10 10 10*4 1 0 % 1034 11% 11% *9% 10 2% Dec 5% Jan 3 Jan 12 2 % ja n 7 820 *234 2 % 3 *2% *2 % 3 2% 2% Guanajuato Consol.. 5 ‘2 % 2 % 2% 2*4 9% Dec 25 Feb 15 11% 11% 15% Isle Royale (Copper). 25 4,401 1 0 % Jan 17 15% Feb 6 13% 15 13% 14 11% 11*2 11% 12% 17% *1534 16 15% 15% 18 Mass Consol............... 25 6,426 15 Jan 8 18 Feb 6 12% Dec 21% May 17 15% 15a4 15% 15% 16 1 % Sep 3% Mar 2% Jan 23 2 Jan 5 *2 *2 2 2*4 M ayflower.................. 25 1,300 2% 2*4 2*4 2*4 2*4 2*4 2*4 2 %e 7 Nov (£13*4 Mar 9 Jan 15 11 Feb 5 1034 934 10 11 -9 10 *9 11 M ichigan.................... 25 3,099 10 10 9% 9% 55 Mohawk t .................. 25 4,926 543%Jan 8 f55 Feb 5 (£27 Jan 49*4 Sep 5134 54*4 54 53% 55 61 51*4 51% *5134 52 51*4 6 Oct 3 J ’ly 7 % Jan 8 4% Jan 2 63 M on tana Coal & Coke 2 5 2,360 634 6% 634 7 634 7 -6 6% *6 6% 6*2] 4% Mat 2% Jan 10 1 % J’ly 1% Jan 28 *2 2% Montreal & B oston.. 5 4,415 2% 2% 2 *2 2% 2% 2% 2% 2% 2% 1 Jan 1% Jan 1% Jan 23 1 Jan 2 Jan ’ 03 National................... *1 *1 *1 25 1% 1 % L a s t S a l e 1% 1% 1%I *1 4% Max 2% Jan 19 75 Dec O 730 l% J a n 8 2 *134 2 *2 2 Old Colony................. 25 13* 2 w 2 2 2*4 1% 21 *4 Feb 6 14% Nov 25 Feb 2034 19% 19% 19 21*. Old Dominion (C op).. 25 9,202 17% Jan 19% 2 0 % 20 20% 20% 20% 19*2 69 76 O sceola....................... 25 6,685 59% Mai 8 76 Feb 6 4 7 % Nov 8934 Feb 61 61 % 62 65 68 64 64 62 60*2 62 29% 33*. Parrott (Silv & Copp) 10 7,868 26 Jan 16 33*4 Feb 6 21 Nov 34 Feb 31% 26% 27 29% 31 32 28 31 27*2 27*2 5 May 3 Dec 5 % Jan 6 4 % Jan 22 700 *5 5*a 5 5% 5% 5“% -434 5*4 Phoenix Consol.......... 25 5% 5% 5*8 0 % 61 107% Jan 25 1 2 6 % Feb 6 100 Nov 147 Feb .07% 108 *108 110 110 110 115 120 122 108 108 126 H Quincy......................... 25 1 % J’ ne 3*4 Max 2% Jan 6 3 % Feb 5 3 3 3 *3 3*4 3*4 3% 3% 3% 3 3% Rhode Island............. 25 1,190 3*4 4 Feb 1 % Sep 3 Jan 23 134 Jan 2 3 Santa Fe(Gold<fc Cop) 10 5,025 2% 2% 2% 2% 3 2% 2 % 234 2% 2*2 2*2 8 Nov 18 May 1034 1 0 % 13 Shannon..................... 10 10,285 10% Jan 22 13 Feb 0 10% 10% 12% 11 * 10*2 12% 12*4 12% 11 190 T am arack .................. 25 2,610 149 Jan 19 190 Feb 6 140 Dec 281 Feb .50 150 150 150 175 150 150 150 150 156 183 3% J’ n« 50 Jan 1 % Feb 1 Jan 475 -1 -1 *1 *1 1% Tecumsek . . . . . . . . . . . . 25 *1 1% 1% 1% 1% 1% 13 % Mar 18% J’1T 2634 28% 25% 27% 24 Tennessee.................. 25 4,885 17% Jan 28 28% Feb 27 27 27*2 rf34 Jan 125 Feb 95 Feb 92% 95 Trim ountain............. 25 2,216 89 Jan 91% 92 *90 90% 91 90% 90% 91 91 90*2 8 Dec 18% Max 13 Trinity......................... 25 11,544 1 0 % Jan 20 13 Jan 1034 11 11% 10% 11 31% 11 11 11 31*4 1L34 27 Sep 35% J’ly * 550 28% Feb * 31% Jan 30% United Copper.......... 100 30 30 * 30 + 30% ••« 28% 30 30 13*4 Jan 23 Deo 2534 2534 26% 26% U S Mining v tr ctfs. 25 57,982 21 % J an 13 26% Feb 24% 26 2 2 % 23% 23% 25 *22 *2 22% 13 Nov i8*4J’ ir 15*4 Jan 1434 13% 14 1434 15 14% U nit States Coal &Oil 25 5,161 J3% Feb 13% 14% 13% 14 13% 13% 19% J’ly 27*4 Feb 32 31 32*4 Utah Con (Gold)tr re 4*85 30,6 /1 23% Jan 13 32% Feb 31 29% 31% 28*2 28% 31*4 32% 28% 29% 7 Oct 4 Dec 8 Feb 6% Jan 15 7% 8 V ic to r ia ..................... 25 2,620 7% 6% - 6 % 6% *6 % 7 6*2 7*4 7% 6*2 6 Au| 8% Jan 19 d 1 Jan 5% Jan 8% 9% W inona....................... 25 10,970 8 8 8% 8 8 8 8*4 8*4 8*4 8% 70 Jan 5 42 Jan 65 Deo 70 W olverine ................. 25 1,287 66 Jan 69 *67 6 8 % 69% 67% 68 68% 67 68 67*2 67 134 Feb 6 •50 Nov 1 % J’iy 1 Jan 1 % W y a n d o t.................... 25 2,120 1% 1% 1% 1% 1% * 1 % 1 % -1*4 1*2 1% 1% b Before pay’t of assess’ts called during 1903. d Before pay’ t of assess’ ts called during 1902. *Bid and asked prices. 1! N ew stock, f Assessment paid. 87% 87% 100 100 % 100 1003s •259*4 259*2 259% 260a4 151*2 151*2 151 151 241 241 241 241 189 190 190 190 175 179 *175 177 300 300 *299 300 153 153 •152*2 154 •123 123 123 •190 196 190 196 87*4 87*2 87*2 88 . . . . . 87*4 87% 99^4 100 *4 259 259 150 150% *240 ‘241 3 89% 190 *175 177 *299 300 153% 153% 124 124 190 190 *165 . . . . *280 285 140% 140% * ........ 44 *175 . . . . ♦36% 37 * 9 2 ^ 03 *24*2 25% 221 222 •170 ........ *231 ........ 209 209 •80 81 \ 83 82 88*4 88% « « 325 Boston Bond Record F ebru ary 7, 1903.] BONDS BOSTON STOCK E X C H ’GE io V. W EEK ENDING FEBRUARY 6 •24 Am Bell Telephone 48----- 1008 j - j Am Telep & Tel coll tr 48.1920 j - j Atcli Nebraska 1st 7 a ..1908 M-S Atch Top & S Fe gen g 4s.. 1995 A-O Adjustment g 4fc---- J ’ly 1995 Nov Boston & Lowell 4s..........1907 J-D Boston & Maine 4'-28.........1944 J - J Improvement 4 s............ 1905 F- \ Bost & Mon 3(1 issue 7 s ... 1904 M-N Boston Terminal 1st 3% s.1947 F-A BostUn Gas 1st 5s tr rects-1939 J-J 2d 5s trust receipts.......1939 J-J Bur & Mo Riv ex o s..........1918 J-J Non-exempt Gs............... 1918 J -J Sinking fund 4s..............1910 J-J Butte & Boston 1st Gs---- 1917 A-O Cedar Rap <fe M o R 1st 7s. 191G M-N 2d 7 s ................................. 1909 J-D Cent Vermt 1st g 4 s..M a y l9 2 0 Q-F Chic Burl <fe Q 1st 7 s........ 1903 J-J Iowa Div 1st 58..............1919 A-O Iow a D iv 1st 4 s .............. 1919 A-O Debenture 5s...................1913 M-N Denver Exten 4s............ 1922 F-A Nebraska Exten 4 s .......1927 M-N B & S W s t 4s................. 1921 M- S Illinois Div 3% s..............1949 J-J Joint bonds See Gt Northern Chic Jc Ry & Stk Yds 5s .1915 J-J Coll trust refunding g 4sl940 A-O Ch Mil & St P Dub I) 8s.. 1920 J-J Oh M <fe St P W is V div 681920 J-J Chic & No Mich 1st gu 5s. 1931 M-N Chic & W Mich gen 5 s ....1921 J-D Concord & Mont cons 4s.. 1920 J -D Conn & Pass It 1st g 4 s ...1943 A-O Current River 1st 5s........ 1927 A-O D et Gr ltap & W 1st 4 s ... 1946 A-O Dominion Coal 1st Gs.......1913 M-S Eastern 1st goldGs............ 190G M-S Fitchburg 4 s ......................1904 M-S 4 s ...................................... 1927 M-S Fremt Elk & Mo V 1st Gs.. 1933 A-O Unstamped 1st 6s.......... U933 A-O G t Nor C B & Q coll tr 4s 1921 J-J Registered 48...................1921 Q-J Week's Jiange or T.ast Sale Price Friday Feb 6 cc BONDS BOSTON STOCK E X C H ’ GE Range Since January 1 < / High A 0 Bid Ask Low 98% 99% 24 98H2 99 98 98% 36 98% Sale 119 D e c’Ol . . . . 101% Sale 101 101% 14 1 91% 92 92 Hi 91% 104 Hi A p r rOO 126% A p r’01 99% Jan ’ 02 104 ~ Apr ’02 113% Jan ’03 .... IO6H2 Sale 105% 106% 318 80 80% 116 80% Sale 11 7 % Dec ’ 02 116 105% J’ly ’ 02 2 99*4 99*4 100 J’ ne’ 01 138 S e p ’ 01 2 117*4 117*4 3 87 88 87*4 87*4 1 101 101 110 A p r’Ol 103 % Oct ’02 108*4 Oct ’ 02 2 100 100 106 D e c ’ 02 100 99*4 N ov’02 16 96 96 Sale 96 7 IO6H2 Sale 106% 106% 98 Jan ’02 . . . . 9 127 ........ 127% 127% 7 127 ........ 127 127% 106 107 106% Jan ’ 03 . . . . 4 106 ........ 106% 106*4 109% Mar’ 02 112% Jan ’ 03 .... 103 1 102 101 103 1 99% 99 Hi........ 99% 109 ........ 108% J a n ’ 03 .... 107 ........ 107% Jan ’03 .... lOO7©Mar’ 02 111*4 Mav’ 02 5 137 ........ 138 " 138 1 137 ........ 137% 137% 63 94 93% Sale 93% ................... 94 J a n ’03 . . . . N otr—B uyer pays accrued interest In addition to the purchase W Low High 98% 97% 99 % 98 % ........ .. . 100 % 10 1 % 90% 92% 11 3 % 1 1 3 % 102% 107% 80 85 99*4 99*4 117*4117*4 8 6 % 88 100% 101*4 99% 100 96 96% 105% 107% 98 98% 127 128 127 127% 106% 106% 106 107% 112*4112*4 102% 103 99% 100 108% 108% 107 107% 138 138 137% 137% 93% 94% 94 94 eek E n d in g «o.o H F ebruary 6 Illinois Steel deben 5s----1910] J - J N on -convert deben 5 s. .. 1913 A - O la Falls & Sioux C 1st. 7s.. 19171A-O Kan C Clin & Spr 1st 5 s ... 1925 A-O KanC Ft S«fcGulf 1st 7s.. 1908 J-D Kan C Ft Scott & M G s....l9 2 8 M-N Kan C M & B gen 4s.......... 1931 M-S Income 5s................Marl 934 Sp 1 Kan C <fc M Ry & Br 1st 5sl929 A -O Kan C St Jo & C B 1st 7s. .1907 J-J L R & Ft Sm Id gr 1st 7 s ...1905 J-J Maine Cent cons 1st 7 s ...1912 A - 0 Cons 1st 4 s ......................1912 A-O Marn Hough & O nt 1st Gs.1925 A-O Mexican Central cons 4s.. 1911 J-J 1st cons inc 3s.......... Jan 1939 J’ly 2d cons inc 3s........... Ian 1939 J’ ly Mich Telep cons 5s tr rec.1929 J-J Minne Gen Elec con g 5s 1929 J-J New Eng Cot Yarn 5s___1929 F-A New E ng Teleph Gs.......... 1906 A-O G s ...................................... 1907; A-O G s ...................................... 1908; A-O 5 s ...................................... 1915 A-O N Y<fe N Eng 1st 7s...........19051 J-J 1st 6 s ................................1905 J - J Old Colony gold 4 s ............1924| F-A Oreg Ry & N av con g 4s.. 1946 J-I) Oreg Sh Line 1st g Gs.......1922; F-A Repub Valley 1st s f 6 s ... 1919 J - J Rutland 1st Gs....................1902.M-N Rutlaud-Canadian 1st 4sl949 J - J Savannah Elec 1st cons 5s.l 952 J •J Seattle Elec 1st g 5s........ 1930 F-A Torrington 1st g 5s.......... 1918M-S Union Pac R R <fc 1gr g 48.19471 J - J 1st lien conv 4 s...............1911 M-N United Fruit conv gen 5s. 1911 M-S Vermont & Mass 5s.......... 1903 M-N W est End Street Ry g 5 s ..1902 M-N Gold 4%s...........................1914 M-S Gold debenture 4s.......... 1916 M-N Gold 4s..............................1917 F-A Western Teleph & Tel 5s. 1932 J-J W isconsin Cent 1st gen 4sl949 J - J W isconsin Valley 1st 7s.. 1909 J-J price for aLl Boston Bonds. Price Friday •Feb 6 Range Since '< 7 ) January 1 W e e k 's Range or Last Sale High SovtLow H igh 101 Hi D e c’ 02 101 101 10 1 1 101 IOIH2 132% J’ ne’02 103 J a n ’ 03 : i : 1 0 2 % i o T " io v 112 112 D e c’ 02 2 1 1.22** i ‘g9 2 4% 123 123 124 123 I 98 98% 98% 98 1 0 0 91 90 89 89 Sale 89 110 110% J ’ ne’02 111 J a n ’ 03 IIOH2IH 1104 104 104 Jan ’ 03 ........ 104 128 J’ ly ’ 02 105% May’01 118 ....... 118 Sep 75Hi 76% 70Hi 7 6 Hi Sal© 76Hi 2G Jan ’ 03 26 26 21 Hi J’ ne’ 02 83 Dec ’ 02 104 Mar’02 102 103 102*4 102 102 Hz 102 104 A p r ’02 105 F e b ’02 104 104 N ov’02 104 10734 Get ’02 105% 105*o 105*4 106 105 Hi 10334 Jan ’03 103 Hi 10334 103 Hi Ask Low J iid 101 112 M ay’01 100% Oct ’02 124*4 N ov’ 02 105 Oct ’ 02 100 J’ ne’ 02 98 100 102 Mar’02 ........ 9G Hi 95 Ha 95 Hi 106 106 Sale 105 10834 J ’l y ’ 01 102% N 95% 95Hi 104 H2106 o v ’02 105% Jan ’ 03 105 % 106 12 I llO 111 111 Sale HOHi 111 100 S e p ’ 02 101 Oct ’0‘2 108 J a n ’ 03 ....; 106H2IO8 104*4 Aug’ 02 103% J a n ’03 . .. 103% 103% 104% Sale 104H2 104% 5 104*4 105 87*4 J’ l y ’ 01 11934 Mar’ 02 * N o price F riday; latest bid and asked, Trust Co. ctfs. Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly S h a re P rices—Not P er Centum P rices Monday Feb 2 Saturday Jan 31 *70 *116 26% 26% *26% 42% 42% 42% 14 *13% 14 70% 70% 71 * 116*4 *115 26% 42% 42% 14 13% ♦ 72% 70% 116 116 26 26% 26% 26% 42% 42% 13% *13% 13% *13% 71 *70 71 *115% 116*4 *26*8 26% 26 42% 43 42% 13% *13 Hi 13% 70% % *% % *% % *24% *25” *24% 2 5 ** *24% 25 8 8 8 8% 8*16 8*4 35% 35% 34 34 35% 35% 75% 75% 76% 74% 76 *75 44% 44% 44% 45*4 44% 45% 3% 3% 3% 3% *24% 8% 34 76% 44 % 3% 24% 8%e 35 78% 45 3% 25’ 8J10 34 79 44% 25% 83,e 34% 79% 45% *% % *% % *% 75% 75% 75% 75 74% 75*4 75%75*%o 45% 45% 45*4 45% 45% 45 % 45% 45% 8 8 7**16 8 71Bia 7*°,0 7*%8 8*i* 15 *15 15 15% 15% *15% 15% 15*4 32% 30s4 3013ie 30% 31 % 30*3,0 31%0 31 44 44 439i« 439i« 43*4 43% 43% 43% •37 36% 37*4 *37% 37% 37*4 37*4 37*4 46% 46% 46% 46% 46% 46% 46% 46% 115*4116% 114%116 114*4 114% 114 % 114% 25% 25% P H IL A D E L P H IA In a ctiv e S to ck s American Cement.......10 Amer Iron & S te e l....50 American Rail w ays... 50 Bell Telephone........... 50 Cambria Iron ........ ....5 0 Camden & Trenton___10 Central Coal & Coke. 100 P referred................ 100 Consol Trac Pitts........ 50 P referred ........ ..... 50 Danville Bessem er... 1% Diamond State Steel.. Preferred....................... Easton Con Electrio...5() Electric of A m e rica ...50 Klee Storage Batt___100 Preferred................ 100 Germantown Pass...... 50 Harrison Bros pref... 100 Hestonv Man & F air..50 P referred..................50 Indianapols St........... 100 Inter Sm P <fc Dynam ..50 Lit Brothers................IO Little Schuylkill..........50 Minehill <fc Schuyl H ..5 0 Nesquehoning ........... 501 N Haven Iron & Steel.5 North Pennsylvania..50 Pennsylvania Salt...... 50 Pennsylvania Steel.. 100 Preferred................ 100 Phila Co (Pitts) p ref...50 Phil German & N orris.50 Phila Traction............. 50 Railways General.......10 Susqueli Iron SteeJ.-5 Tidewater Steel..........10 United N J UR & C .. 100 Unit Pow «fc Tra 11s__ 25 United True Pitts.......50 Preferred...................50 Warwick Iron <fc Steel. 10 West Jersey <fc SeaSh.50 Westmoreland C o a l...50 Bid 8 62 49 % 2% 9% 142 ...... 84 11 63 64 61% 109% 50 90% 49 167 97% 4% ~4% 280 47 50 72% 81 A sk Friday jreb # Thursday Feb 5 Wednesday Feb 4 Tuesday Feb 3 Range Jor Year 19 03 757,0 75% 45% 45 % 8% 8 *15*4 15% 321,0 32*1,6 44% 44% 38%3S*i,0 46% 46% 114% 114% B onds 8% A1 Val E ext 7s 1910 A-O 6 Asphalt Co 5s 1949 tr ctfs 52% A tl City 1st 5s g ’ 19.M-N Balls Ter 1st 5s 1926. J-D Berg&EBrw 1st 6s’ 21 J-J Betlile Steel 6s 1998.Q-F 4 Clie<fc D Can 1st 5 s ’ 16 J-J Choc <fc Me 1st 5s 1949 J-J Ch Ok & G gen 5 s ’ 19 J-J Cit St Ry (Ind) con 5s '33 % Col St Ry 1st con 5s 1932 % Con Trac of N J 1st 5 s.’ 33 2% E & A 1st M 5s 1920 M-N Elec & Peo Tr stk tr ctfs 9*4 Elm & W il 1st 6s ’ 10. J-J Income 5s___2862. A-O Eq 11 Gas-L 1st g 5s 1928 II & B Top con 5s ’ 25 A-O 146 Indianapolis R y 4s. 1933 ........ Lehigh Nav 4%n '14.Q-J R R s 4s g .......1914.Q-F Gen M 4%s g. 1924.Q-F L e h V C 1st 5s g '3 3 ..J-J Leh V ext 4s 1st 1948. J-D 2d 7s 1910...............M-S Consol 6s 1923 . . .J-D Annuity 6s............. J-D Leh V Trac 1 st4s ’29. J-D 110 Nat Asphalt 5s 1951.J-J N ew Con Gas 5s 1948 J-D 61 Newark Pass con 5s 1930 91 N Y Ph & N o 1st 4s ’39 J-J 49% Incom e 4s 1939...M -N 169 No Penn 1st 4s ’ 3 6 ..M-N Deben 6s 1905 __M-S 98% 4% Penn gen 6s r 1910..V ar Consol Gs c 1 9 0 5 ...Var Consol 6s r 1919...V a r Penn Md Steel con 6s. Pa cfc N Y Can 7s ’ 06. J-D 48 Con 5s 1939........... A-O Con 4s 1939 . .A-O 5*2 Penn Steel 1st 5 s ’ 17 M-N •People’ s T r tr certs 4s *43 1P Co 1st & col tr 5s’ 49 M-S *% Bid A sk 87% 109 104 109 108% 116 123 121% 136 107 91 112 117% 118 115 108% ioi” 110% P H IL A D E L P H IA B A L T IM O R E In a ctiv e S tock s Atlanta Charlotte.. 100 88% 110 Canton Co..................100 106 Georgia Soutfc Fla. ..100 1st p rof.......... ......... 100 109 2d pref.................... 100 117 G-B-S Brew ing.......... 100 124 Mt Vernon Cot Duck. Unit Elec L & P pref. 50 140 Bonds Anacostia & Pot 5 s ... 108 Atl & Ch 1st 7...1907 J-J Atl Coast L(Ct)ctfs 5s J-D ioo*‘ Ctfs of indebt 4 s ___J-J Balt CPass 1st o s ’ l l M-N Balt Fundg 5s. 1916 M-N Exchange 3%s 1930 J*J 118 Refunding 3 %s 1952J-J Balt <fe P 1st 6 s m l’ l l A-O 120 1st 6s tunnel..1911 J-J Balt Trac 1st 5 s ..’29 M-N No Balt Div 5s 1942 J-I> Convertible 5 s.’ 06 M-N 99 Central Ry 6 s ... 1912 J-J Consol 6s___1932 M-N 105** Ext <fr Imp 58.1932 M-S 111 Chas CityRy 1st 5 s ’23 J-J || Lowest is ex-divideud. 19 16 23 26 19 72% Jan 118 Jan 28*4 Jan 45 Jan 14*4 Jan Lowest Highest 5 62% Jan 74 % Sep 12 104 Jan 125*4 J ’ly 2 23% Dec 34% Aug 2 40*4 Dec 55% Aug 3 13 Oct 17 Mar % Jan 10 1 % Sep 4,294 24% Jan 30 26% Jan 5 23 May 7,389 6lai0 Jan 27 99ie Jan 2 6 Dec 2,652 30 Jan 27 40% Jan 2 33 Dec 3,729 72 Jan 7 79% Feb 5 65 Nov 20,440 37% Jan 3 45% Jan 30 29*4 Nov 555 3% Jan 30 4 Jan 6 2% Feb 10 % Feb 6 % Feb 6 % Sep 357 % Feb 6 0i6 Feb 6 % Sep 74% Feb 2 4,283 78% Jan 6 73% Jan 0 1,347 44% Jan 28 46% Jan 43% Dec 18,932 7% Jan 2 9 Jan 8 3% Jan 1,020 14% Jan 30 17% Jan 5 8% J’ ne 77.042 *2916,0 Jan 13 34* 1,6 Jan 2 26*4 Mar 632 42% Jan 21 44**iQFeb 6 40 Mar 717 36% Feb 2 40% Jan 6 30 Jan 3,328 4 6 % Jan 3 47 % Jan 8 32 Jan 20,758 110 Jan 3 116% Jau31 101% May 25 24 Jan 8 28 Jan 9 24 Jan 121% 21 111 95 107% 107% Range lor Precious Y ea r(1902) Highest % Jan 10 >4 Phil Elec gold trust ctfs. Trust certifs 4s............. P & E gen M 5 g ’ 20.A-O Gen M 4s g 1920..A& O Ph <fc Read 2d 5s '3 3 .A -0 Con M 7s 1911.......J-D i.22% Con M 6s g 1911....J-D 52 E x Imp M 4s g ’ 47.A-O 51 114 115 Con M of ’ 82 4s ’ 37.J-J 109 Terminal 5s g l9 4 1 .Q -F P W & B col tr 4 s ’21.J-J 107 Rochester Ry con 5s 1930 107 S R E Side 1st 5s g ’35 J-D U Trac Pit gen 5s ’97 J-J 100 100% Welsbach s f 5s 1930. J-D 121 20 110% 90 Lowest B altim ore 20 70% Jan Consolidated Gas...........100 24 l i o % Jan Northern C entral......... 50 Seaboard A ir L in e ....... 100 1,500 25% Jan 700 42 Jan Do p ref...................100 United Ry <fc E lectric.. 50 531 13% Jan Philadelphia American A lk a li....... . 50 Do pref................. 50 25% Cambria S teel............... 50 25 S h e 83ie Consol Lake Superior.. 100 34 Do pref...................ion 34 78% 79*4 Lehigh Coal & N a v ___ 50 44*i 44% Lehigh V alley............... 50 3 Hi 3H» Marsden Co.................... 100 % National Asphalt.......... 50 % Do pref.................. 50 Hi 9ie 75*4 7 5 Hi Pennsylvania R R ........ 50 45 Hi 45Hi Philadelp’a Co (Pittsb) 50 8% 8% Philadelphia E lectric.. 25 15% 15% Phila Rapid T ra n sit. . . 50 31l5ie 32716 R ea d in g ......................... 50 441116 44*i 10 Do 1st pref............ 50 Do 2d pref............. 50 *38Hi 39 4 6 % 4 6 % Union T ra cton ............. 50 114 114% United Gas Im pt.......... 50 *25 2G Welsbach C o ................. 100 P H IL A D E L P H IA * Bid and asked prices; no sales on this day. Sales of the (F or Bonds and Inactive Meek Stocks see below) Shares A C T IV E S T O C K S Bid A sk 101*4 69% 69 119 107% 128 123 123% 116 117% 108% 109*4 108 123 124 107% 108 110 112 110% 114 116 69 65 160 Qoa 100 98 47 99 82 78 14% 15 0% 6 38 3S% 100 110 115 92 108 122 110 114 117*4 115% 116% 119% 100% 117 116105 100% 116 94 108% 123 110% 118 116% 117 120 101 119 107 Apr 29 % Sep 36 Apr 80*4 Apr 79% Sep 38% Deo o11,© Oct 1*10 Feb 2% J ’ly 85 Sep 50% Apr 9 % Sep 18% Oct 39%e Sep 45% Sep 40%6 Oct 48% Feb 126 May 40% Sep B A L T IM O R E Bid A sk Clias Ry G & El 5s ’99 M-S Chari C& A ext 5 s.’ 09 J-J 2d 78...............1910 A-O City & Sub 1st 5 s _ ^ 2 J-D City & Sub(\Vas)lst 5s’48 ColtfeGrnv 1st 6s 1916 J-J Consol Gas 6 s ...1910 J-D 5s..................... 1930 J-D Ga & Ala 1 st con 5s ’45 J-J Ga Car & N 1st 5s g ’29 J-J Georgia P 1st 6 s ...’ 22 J-J GaSo & Fla 1st 5s 1945J-J G-B-S Brew 3 4s 1951M-S 2d income 5s 1951 M-N K noxvT rac 1st 5 s ’ 2SA-0 LakeR El 1st guos’42M-S M etSt(W ash)lst5s’25F A Mt V er Cot Duck 1st 5s. In c o m e s ........................ New Orl Gas 1st 5 s..V a r Npt N<feO P 1st 5s’38 M-N Norfolk St 1st 5 s ’ 4 4 ..J-J North Cent4%s 1925 A-O 6s 1904..................... J-J Series A 5s 1926___J-J Series B 5s 1926___J-J Pitt Un Trac 5s 1997.J-J Poto Val 1st 5s 1941..J-J Sec A v T (P itts) 5 s ’34 J-D Sav Fla ct West 5s ’ 34 A-O Seaboard A L 4s 1950 A-O Seal) & Roan 5s 192G.J-J South Bound 1st 5s..A-O UE1 IxfcP 1st 4%s*29 M-N Un Ry & El 1st 4s ’ 49 M-S Income 4s 1949.......J-D Va Mid 1st 6s 1906..M-S 2d series 6s 1911 ...M -S 3d series 6s 1916..M-S 4th ser 3-4-5s 1921.M-S 5th series 5s 1926.M-S Va (State) 3s new ’32.J-J Fund debt 2-3s 1991. J-J West N C con Gs 1914 J^J W esVa C«fcP 1st Gg’ l l J-J Wil & Weld 5 s..1^35.J-J 93 116 114 113 97% 117 110% 111% 110% 109% 125 114*4 51% 38% 103 120% 113 77 38 95 114 100 118 111 112 111 110% 115 52 39% 105 121% 77% 39 107 110 112% 114 110 103% 103% 120 120 . . . . . . 117 114 116 118 113 83% 84*% 114 111% i ’] l‘ % 86 86 % 96% 96% 68% 6S% 109 113 114% 118 113 116 116% 94 96 94% 95 116 111% il2 % 120 THE CHRONICLE Volume of Business at Stock Exchanges 326 <ias S e cu ritie s Indianapolis Gas stock 50 1st 6s 1920............M-N Jackson Gas C o ......... 50 5s g 1937................. A-O T R A N S A C T IO N S A T T H E N E W Y O R K STOCK E X C H A N G E Kansas City G as.........100 D A IL Y . W E E K L Y A N D Y E A R L Y H5s 1922...................A-O HLaclede G as..............100 HPreferred ..............100 Stocks Week ending La 1ay ’ e G as 1s 16 s ’ 2 4. M -N U S State R ailroad dec Feb 6 Log A W ab V 1 s 16s ’ 2 5. J -1) Bonds Bonds Bonds 1903 P ar value Shares Madison Gas 6s 1926. A-O N ewark Gas 6s 1944.Q-.) $1,061,000 147,037 $13,733,700 Saturday ............ N ew ark Consol G as.. 100 5.712.000 47.005.900 555,609 M o n d a y .............. 5s 1948 See Stock Excli 5.257.000 48.823.000 $3,000 515,955 T u esd a y .............. HO A Ind C Nat A III .100 $ 1,000 3,519,200 56,241,300 614,388 1st 6s 1926............. J-D W ednesday........ 2,000 Providence Gas............ 50 V i’ 000 3.167.000 74.905.900 797,234 Thursday............ 10,000 3,156,500 42.687.000 434,815 F rid a y ................ St Joseph Gas 5s 1937. J-J StPaulGas Gen 5s’ 44M-S $3,000 T o t a l................. 3,085,038 $283,396,800 $21,872,700 $24,000 Syracuse Gas 5s 1946.J-J United G asA E lec.N J 100 P referred ................. 100 Week ending Feb 6 January 1 to Feb 6 Sales at New York Stock T e le g r ife T ele p h o n e E xch am,ge 1902 1902 1903 1903 HAmer T eleg A Cable 100 B ellTelepli of Buffalo 100 8,465,365 18,244,588 HCentral A So A m er .100 18,940,223 3,086,038 Stocks—N o. shares Par valu e......... $283,396,800 $337,273,750 $1,784,928,050 $1,723,382,350 Clies A Poto T eleplu.100 $13,400 $59,500 $4,300 Bank shares, par.. 5s 1909-29.................J-J HCommercial Cable ..1 0 0 BONDS $125,800 Couimer Un Tel (N Y ).25 $35,000 $3,000 $14,800 G overnm ent bonds 206,000 Emp A Bay State T el 100 153,500 24,000 24,000 State bonds............ 113,395,500 F ran k lin ...................... 100 87,473,200 21,872,700 20,908,500 RR. and mis. bonds HGold A S t o c k .......... 100 H4*2S, 1905 . $87,661,700 $113,727,800 Total bonds___ $21,899,700 $20,947,300 Hudson R iver Telepli 100 M arconiW ireless Teleg.5 D A I L Y T R A N S A C T IO N S A T T H E BO STON A N D P H I L A D E L P H I A HNorthwestern T eleg. 50 EXCHANGES HN Y A N J Telepho .100 H osl920 ................. M-N P h ila d elp h ia Boston Pacific A A tla n tic....... 25 Week ending P rovidence Telephone. 50 Feb 6 HSouthern A A tlantic 25 B ond Bond Unlisted Listed Unlisted Listed 1903 Tel T el A Cable of A m . 15 shares 8ales shares sales shares shares [VO L. LXXV1 Industrial and lUiscel Bid A sk A sk ___ Continental T obac deb 7s 103 105 Cramps’ Sh A En BldglOO 45 105 52 21*o 2 134 HCrucible Steel.......... 100 HPreferred................ 100 104 80*4 85*2 15 Distillers’ Securit .See St E x c h list 101 HCol tr 5s 1927 ___A-O 74 76 90 D om inion Securities. 100 20 30 100 E lectric B oat.............. 100 22 23 60 P re fe rre d ..................100 37 40 234 50 E lectric Lead Reduc’ n.50 3*4 $107 109*2 P r e fe r r e d ....................50 4 5 $140*2 141*2 E lectric V eh icle.........100 634 7*2 72 70 P re ferred ..................100 13 14 list Electro-Pneum ’ie Tran 10 *4 *2 20 15 Empire Steel.............. 100 14 49 P re ferred ..................100 45 47 1112 63 67 ^General Chemical ..1 0 0 95 H Preferred................ 100 100 101*2 98 90 91*2 Gold H ill C o p p e r.........10 a 7a $ 98*2 100 Gorham M fg Co com . 100 128*2 36 38 P re fe rre d ..................100 128*2 89 88 Greene Consol Copper.10 t 2 1 78 22 Guggenheim E xplorati’n 150 160 18 19 H ackensack M eadowslOO 86 88*2 Hall Signal C o .......... 100 110 12 0 100 lt)4 15 20 Havana Commercial. 100 100 103 P re fe rre d ..................100 60 62 44*2 48 H avana T obacco C o ..lo o 54*2 55*2 P referred .................. 100 104*2 105 63 65 160 173 H ecker-Jones-Jew ’l Mill 115 99 101 1st 6s 1922.............. M-S 82 79 3 H erring-H all-M arvin 100 1 47 53 25 35 1st preferred.............100 120 123 10 2d preferred.............100 4 H oboken Land A ImulOO 105 i ‘0’6 104 106 1f5s 1910..................M-N 102 6 534 H ouston O i l ................ 100 8*a 7*2 125 60 P r e fe rre d ..................100 165 166 H udson R ealty................. 105 120 i 109 112 Interboro R T (full paid) 112*2 113 78 85 50 % p a id ........................ 113 115 1116 . . . . . . In tern at’lBankingColOO 2 0 0 205 97 102 In t’ n’l M erc M arine. 100 15*8 1 5 34 t ......... 7 P re ferred ..................100 42*2 43 Col tr deb 4 *2l92‘2 op’ 07 • •• .. 100 E le c tr ic C om pa nies International Salt___100 9 34 10*2 $57,800 7,754 9,760 $93,000 S a tu rd a y ....... 11,816 3,963 45 49 1 s t g 5 s 1951................... 83,500 Chicago Edison C o ... 100 162 165 20,390 11,096 86.500 19,816 M o n d a y ......... 17,092 Stock Exch ^International Silver 100 10 24 55.800 Edison El 111 B rk 4s N Y 24,111 11,436 66.500 T u esd a y ......... 31,992 28,964 IfP referred................ 100 76,000 Hartford (Ct) E lec L t 100 210 136.000 37,006 9,416 24,189 W ed n esd a y . . 61,885 100 98 1st 6s 1948................J-D 86,300 HKingsCo El L A P Co 100 223 15,413 105.000 49,367 18,916 Thursday....... 64,991 180 John B Stetson co m .. 100 1 50 334,000 N arragan (P rov) El Co 50 t ] 05 110 8,920 19,737 26,074 200,500 F r id a y ........... 73,829 40 170 44 N Y A Q El L APowColOO P re fe rre d .................. 100 1 50 P referred ................. 100 75 80 K itchener Gold M in’glOO $ .......... 5*2 64,035 $493,400 121,922 $685,600, 160,371 T ota l.......... 261,605 Lanston M onotype___20 t 11 Rho Isl E lec P rotec ColOO 118*2 1 1 34 U nited E lectric of N J 100 16*2 17*4 Law yers M ort insur.lOO 195 205 4s 1929...................... J-D 66*4 66*2 Law yers’ T itle I n s ...100 3 7 0 3 7 8 IfLonllard (P ) p ref ...1 0 0 1 25 13 5 F e r r y C om p a n ies 14 19 Madison So G arden ..100 10 60 13 2d 6s 1919.............. M-N Brooklyn F erry stocklOO A W eekly Review o/ Outside M arket w ill be fou n d on a preced in g pa ge. 4 4*8 M anhattan T ran sit___20 B A N Y 1st 6s 19.11. J-J 110 113 7 Con 5s 1948 See Stock E xch list 5*2 M ex N at Construe.pflOO 80 85 N Y A E R F erry stk.100 M onongahela R C o a l..50 t 11*8 l l 7eS tr e e t R a ilw a y s S tr e e t R a ilw a y s B id A sk A sk B id 94 P re ferred .................... 50 t 89 7* 40 1st os 1922............ M-N $ 92 NEW YORK CITY 60 56 Grand Rapids R y ___100 98 102*2 M osler Safe C o.......... 100 N l r A H oboken stk.100 95 P re fe rre d .................. 100 35 37 97*2 B leeck St A F u l F stk 100 5 20 N ational Bread.......... 100 H ob Fy 1st 5s 1946 M-N $109*2 110 Indianapolis St R y See Phila list H ist m ort 4s 1950 ..J -J 100 101 Con 5s 1946............J-D 103*2 92*2 P re fe rre d ..................100 19*4 20 J C H ob A P aterson.. 100 HB’ y A 7th A v e stk ..1 0 0 247 251 26 *2 27 N ational C arbon.........100 N Y A N J 1st 5s 1946. J-J 104 108 1003 4 77 78 100 4s g N o v i 1 9 4 9 ..-M-N 100 65 Hist m ort 5s 1904 ..J-D 99 70 P re fe rre d ..................100 10th A 23d Sts Ferry 100 Lake. St (Cliic) El stk.100 7*2 6^4 H2d m ort 5s 1914 ...J -J 107*2 109 1st mort 5s 1 9 1 9 ...J-D $105 100 36*2 37 N at Enam ’ g A Stamp 100 1st 5s 1928................ J-J $ 99 100*2 HUnion Ferry stock .100 42 90 95 43 Con 5s 1943 See Stock E xch list P re fe rre d .................. 100 ...... HLouisv St 5s 1 930.. J A J $115 118 96 97 B ’ way Surf 1st 5s gu 1924 $112 114 Hist 5s 1920 .......... M-N National S u rety........ 100 14 0 4 2d 5s in t as rental 1905 $101 101 *2 L y n n A Bos 1st 5s ’ 24. J-D $112 114 N ewBrunsCauuelCoal 10 f .......... R a ilro a d M in neapS t R y 5 s &eeStk E xch list 53 HCent’l Crosst’ n s t k ..100 265 275 48 HNew Central C o a l___20 14 N ew Orl R ys Co......... 100 143s Cliic Ind A L gu 4s 1952J-J Hist M 6s 1922 ...M -N $123 126 15 17 N ew E n g Consol Ic e . 100 93*2 42 45 P re fe rre d .................. 100 H O enP kN A E R stk.100 210 215 7 10 N ew E n g Transpor..lO O Chic Peo A St L pref. 100 *8 x4 HClir’ t’r A 10th St stk 100 185 190 4*28 1952................... J-J $ 79*2 81 117 N Y Biscuit 6s 1911.M-S 115 P rior lien g 4 *2S’30M A S $106 108 Excli list N orth Chic Str stock. 100 168 172 95 100 ColA 9th A v e 5s See Stock Con m tg g 5s 1930.JA J N Y M tge A S ecurity. 100 127 132 1st 5s 1909 .............. J-J $ ......... 20 25 HDry D E B & B stk .1 0 0 110 120 27*2 31*2 TfNew Y ork D o c k ___100 Incom e 5s 1930.............. 27 28 N orth Jersey St stocklOO H ist gold 5s 1 9 3 2 ...J-D 115 117 53 60 N orthern Securities.. 100 11334 114 HPret e r r e d ...............100 80 34 81*2 Pitts Bess A L E .........50 t 35 4s 1048 ................... M -N ifScrip 5s 1 9 1 4 ___F-A 103 104*2 36*2 N Y T ransportation.. .2( f 10*2 11 Pat R y con 6s 1 9 3 1 ..J-D $125 130 H Eighth A v e n u e s t .,.1 0 0 405 415 80 P referred...................50 \ 75 N icholson File C o___100 154*2 10 2d 6s 1914................A -0 $100 20 8 HScrip 6s 1914 ....F - A 105 109 N or A m Lum ’ r A Pulp 10 ( V a A Southwestern ..100 r *> 73 6 34 Rochester R y ...............100 76 O K0q H42dA Gr St F ’y s t k .. 100 410 415 HOntario S ilv e r .........100 Hist guar g 5s 2003.J-J 101 103 9934 100*4 P re fe rre d ..................100 70 75 H42d St M A St N A v 100 42*2 43*4 Otis E levator com ___100 In d u strial and itliscel Con 5s 1930 See Phila list H ist m ort 6s 1910 .M-S 111 112 97*2 9 8 P re fe rre d .................. 100 99 102 96 100 2d 5s 1933................J-D $105*2 108 H2d incom e 6s 1915 J-J A ck er M er A C on d it... 6s Pittsburg B rew in g ___50 t 3 134 32 So Side E l (Chic) stk.100 t ............. 109 L ex A v A Pav F 5s See St k E xc list A lliance R ea lty .........100 105 115 P re fe rre d .................... 50 t 4 7 38 4734 M etropol Securities See Stk E x list Syracuse Rap Tr 5s 1946 102 105 28*2 29 HAllis-Clialmers.........100 18*8 18*2 P ittsburg Coal.............100 90 M etropol Street R y See Stk E x list Toledo R ys A L igh t See Stk E x list 90*8 HPref erred............... 100 P re fe rre d .................. 100 84*4 86 U nit R ys (St L Trans) 100 27 28 N inth A ven u e stock. 100 190 205 HAmer Bank N ote Co. 50 f 57 58*2 Pitts Plate Glass....... 100 P r e fe rre d ..................100 99 Second A ven u e stocklOO 212 217 79*2 80*2 A m Barrel A PackagelOO t 52*2 53*8 Pratt A W liitn p r e f..100 Gen 4s 1934.............. J-J $ 843s 845e Am erican Can c o m ...100 H ist mort 5s 1909 M-N $105l4 106 934 10 P rocter A G am ble___100 3 4 0 34 1 U m tR ysS an F ran /SeeStk E xch list 48 *2 4834 Consol 5s 1948....... F-A $116 118 P re ferred ................. 100 P re fe rre d .................. 100 204*2 20 6 122 S u b s crip tio n s............... 49*4 49 34 Am erican Chicle C o.. 100 117 120 HSixth A v en u e stock 100 175 180 R ealty A ssoc (Bklyn)lOO 119 87 105 Sou B oulev 5s 1 9 4 5 ..J-J $111*2 112*2 flW est Chicago S t ___100 90 91 Royal B ak P ow d pref. 100 10 4 P re ferred ................. 100 H C ong 5s 1 9 3 6 ....M -N $ 96 63 97 So Fer 1st 5s 1 9 1 9 ...A -O $108 110 1 Russell A E rw in ........ 25 t 61 Am erican E levated......... J2 168 Third A v en u e See Stock Exch list Am er G raphophone...lO t 4^8 5*2 Safety Car H eat A L t 100 165 T arry W P A M 5s 1928 107 109 G a s S e cu ritie s P referred ...................l o t 8*6 9 38 Sem inole M in in g .......... 5 Y kersS tR R 5s 1946A -0 109 110 90 Simmons H ardw com 100 155*2 161 Am er Press A sso c’n.100 NEW YORK 28th A 29tli Sts 1st 5s ’ 96 $113 114*2 51 53 P re ferred .................. 100 138 Am er Shipbuilding... 100 Cent U nion Gas 1st 5 s ... $107*2 n o HTwenty-Til’d St stk 100 408 415 146 104 2d preferred.............100 P referred ................. lo o 101 Con Gas ( N Y )s t k . See St k E x c li list A m Soda Foun com .. 100 Deb 5s 1906..............J-J 102 106 3 6 Singer M fg C o.............100 3 1 0 3 4 0 7 U nion R y 1st 5s 1942 F-A 1 1 8 ^ 119 9 E q u itG a sco n o s 1932 See Stk E x list 65 75 1st preferred............ 100 Standard M illin g Co. 100 28 30 W estchest 1st 5s ’43 J-J 1 1314 114*2 HMutual G a s .............. 100 310 330 22 P re ferred .................. 100 18 2d preferred............ 100 75 78 N ew Amsterdam Gas— c) S Am erican Surety.........50 175 178 BROOKLYN 1st consol 5s 1 9 4 8 ..J-J $109 109*2 Am Straw boardrects 100 46 48 Standard Oil of N J ..i o 6 741 743 32 35 A tlan A v e 5s 1 9 0 9 ..A-O $104*2 105*2 N Y G E L H A P See Stock Exch list Standard Coupler com 100 Bonds 6 s...................F-A 100 Con 5s g 1931.........A-O 110 112 N Y A E ast R iv er Gas— P re fe rre d ..................100 12 8 135 Am er Tobacco com . . . 50 300 Im p t 5s See Stock E x c h list 1st 5s 1944................J-J $112 114 34 1 Storage P o w e r.............. 50 HPreferred............... 100 143 146 B B & W E o s 1 9 3 3 ..A-O 102 104 42 Consol 5s 1945.........J-J $110 i l l 45 Sw ift A Co See Boston St k E x c h ’ ge Am T ypefo’rs c o m ... 100 B rooklyn City s to c k ... 10 244 245 N or U n 1st 5s 1927.M-N $105 108 98 102 1st 5s 1910-1914....J -J $102 103 P re ferred ................. 100 Con 5 s See Stock Excli list ^Standard Gas com ..1 0 0 130 140 5 5 *2 Tennessee C opper....... 25 t 28 28*4 Am er W riting P a p er.100 75 80 H P re fe rre d .............. 100 150 160 Bkln Crosstn 5s 1908.J-J 104 107 2434 25 H TexasA Pacitic Coal 100 P re fe rre d ................. 100 Bkn H gts 1 s t5s 1941 A-O 105 108 1st 5s 1930.............M-N $115*2 118 76 78 1st 6s 1908.............. A-O $106 110 5s 1919......................J-J Bkln Q Co & Sub See Stk E xch list 22 T itle Guar A Tr (new) 100 52 5 535 28 HBarney A S111 Car ...1 0 0 161 B klyn Rap Tran See Stk Exch list OTHER CITIES T itle In s Co of N Y ..1 0 0 157 HPreferred________ 100 129 25 27 R ef g 4s 2 0 0 2 .......... J-J $........ S758 T rentonPotteries com 100 Bliss Company com ___50 145 95 97 HConey Is. A Bklyn ..1 0 0 360 400 46 Preferred n ew .........100 A m er L igh t A T ra ct. 100 P re fe rre d ...................50 140 145 47*2 72 75 H ist 5s 1903 ............ J-J 100 91 P re ferred .................. 100 T row D irectory n e w .. 100 94 B ondA M tgG ilar new 100 380 400 3*« ertfs indbt 1903.. J-J 100 100*2 Baltimore Consolidat See Balt list Union C opper................ 10 1 3 Borden’s Cond M ilk .. 100 125 Brk C A N 5s 1939. J-J i l l 116 Bay State G a s .............. 50 Union Switch A Signal 50 t 85 1 P re ferred ................. 100 110 112 Ih o Gr St& N ew 1st 5s ’ 06 F-A 103 P re fe rre d .................... 50 1.......... 105 Bingham ton Gas 5s 1938 $ 94 96 Brit Colum Cop Sec Bost Stock Exch G r’pt A L orim er St 1st 6s 105 107 Boston U nited Gas bonds Bosto n list Camden Land............... 20 t 3e Union T ypew r com .. 100 11s 125 *4 K in gs Co. E levated— 1st preferred.............100 120 125 Buffalo City Gas stocklOO 8*2 9*2 Celluloid C o................. 100 120 124 1st 4s 1949 See Stock Excli list 2d preferred.............100 12 0 125 20 24 1st 5s 1947 .............A-O Cent Firew orks com . 100 82*2 S4 8 6 Nassau Elec p re f....... 100 U S Cotton D u ck ....... 100 83*2 85 63 Chicago Gas See N Y Stk Excli list 68 Preferred............. ...1 0 0 10 20 99a4 100 5s 1944.................... A-O 113 115 Cincinnati Gas A EleclOO 334 LT s E nvelope c o m ... 100 Ceutral F ou n dry.......100 3*2 73 68 1st 4s 1951.......... See St k E x c h list Col Gas L A H eat com 100 104 107 HPreferred................ 100 17 P re fe rre d ................. 100 17*4 HU S Red A R efining .100 *.......... 35 W b ’ g A Fiat 1st ex 4*23. 105 106 P re ferred ..................100 103*2 104 Chesebrougli M fg Co 100 455 470 ^P referred................ 100 $.......... 54*2 Stein way 1st 6s 1922. J-J $116 119 Consol Gas (N J) stk.100 95 100 17 HClafiin(H B) 1st pref 100 20 5 HU S Shipbuilding ..-.100 94 1st 5s 1936................J-J 98 H2d preferred...........100 88 OTHER CITIES 50 10 92 Consum Gas (J C ity)— 96 ^Com m on................. 100 h list Buffalo Street R y — 1st 6s 1904.............M-N $102 60 65 Col A H ock Coal A 1 p f 100 100 98 U S Silver Corp 6s (w i) 1st consol 5s 1 9 3 1 ..F-A $112 113*2 If D etroit City G a s ....... 50 f ........ 86 70 95 93 U S Steel Corp 5s (wh iss) Deb 6s 1917............ A.O $106 3 Compressed A ir C o ... 100 Essex A Hudson Gas 100 35 1*2 37 Col tr 5s Ser B A- D 1951 112 115 6o 75 Chicago City R y stk.100 230 235 F ort W ayne 6s 1925.. J-J Consolid Car H eating 100 55 Q 1 U niversal T o b a c c o ...I t 30 20 Chic U nionT rac Sec S t’ck E xch list V ’ons Firew ’ ks com .100 HGas A El B ergen Co 100 8 15 P re fe rre d ................I f 60 65 Cleveland City R y ___100 105 109 Grand Rapids Gas— HPreferred............... 100 Cleveland E lectr R y.100 H ist 5s 1 9 1 5 .......... F-A $103 106 Cons R y L tg A R e ln g .1 0 0 88 5 34 HVa Ir Coal A C o k e ..lt i 35*2 36 0*2 80 2 tflst 5s 1919............M- 1 79 1 Hartford (Ct) Gas L ...2 5 t 50 Colum bus (O) St R y ..l0 0 Consol R ubber T ir e .. 100 DO 65*2 V ulcan D etilining. See i k E x c li list 10 12 P re fe rre d ................. 100 102 i ’0 4 H udson Co G as.......... 100 Debenture 4 s ................. 40 41 W estingh A ir Brake..;' f 170 1 74 15 20 Colum R y cou 5s See Ph ila list 5s g 1949 ................ M-N $104 lt)4*4 Corns Storage Battery lo o 12 11 W hite K nob M in in g .lt Crosst’ wn 1st 5 s ’33. J-D $ ....... 111 Indiana N at A 111 Gas— Consol T o b a cco.......... IOC 280 300 125 120 W orthing Pum p p r e f.lt D etroit U nited R y See Stk Exch list 35 R ights ............................. 1st 6s 1908.............M-N 49 rnrity. <t B uyer pays accrued interest. 1 Price per share. t Sale price. a E x rights. HSells on Stock Exchange, but not a very a ctive security Outside Securities Bid 59 104 81 $101 12 $100 80 85 50 THE F ebruary 7, 1U03.] CHRONICLE 327 ami Railroad Intelligent*. R A IL R O A D EARNINGS. The fo llo w in g ta b le sh o w s th e g ross e a rn in g s o f e v e r y S t e a m ra ilro a d fr o m w h ic h r e g u la r w e e k ly or m o n th ly re tu rn s ca n be o b ta in e d . T h e first t w o c o lu m n s o f figu res g iv e the g ross e a rn in g s fo r th e la test w e e k or m o n th , a n d th e last t w o co lu m n s th e e a rn in g s fo r th e p e rio d fr o m July I t o an d in c lu d in g su ch la test w eek or m o n th . The r e tu r n s o f the s tree t r a ilw a y s o r e b ro u g h t to g eth er se p a r a te ly o n a su b seq u en t p a g e . July 1 to Latest b a te . Latest Gross Lannngs ROADS Week or Month Current Previous Year Year Current Year P reviou s $ $ % $ Year Ju.y 1 to Latest halt* Latest Gross Lam ings ROADS Week or Month Current Year Previous Year Current Year £ $ Sf Previous Year 202,216 95,400 2,836,500 2,407,300 15,321 12.887 Adirondack.. June .. 190,628 tMexican Ry....... Wk.Jan 17 108,800 509.715 443,178 18,030 46,703 15,990 47,106 1,478,353 1,393,46© Mexican South’ n 2d w k Jan. Ala Gt Southern. 3d wk Jan. 19.189 4,141 24,673 3,848 Ala N O & Texas* P acific. Millen A So'w’n. December. 304,188 329.790 41.000 1,192,093 1,077,915 Mineral Range.. 3d wk Jan. 42.000 10,224 10,098 N O & No East. 2d wk Jan. 604,597 20,090 19.000 84,400 2,114,728 2,112,531 7»,12] Ala A Vicksb’g 2d wk Jan. 567,295 Minneap A S tL . 1th wkJaD 670.099 22.000 84,743 4,301,29© 3,649,578 22.000 Vicksb Sh A P. 2d wk Jan 557,769 M 8t P A S St M. 3d wk Jan. 115,088 Inc. 190,942 Inc. 40,878 Allegheny Valley November. Mo Kan A Texa- 4th wkJ an 465,674 390,458 10,672,814 10,262,004 54,065 51,463 1,118,270 1,116,778 Mo Pac A Iron Mi 3d wkJan. 732,000 648,000 21,701,57 / 21,030,061 Ann Arbor.......... 4th wkJan 751,406 676,808 43,653 5,13r” 5,684 21,000 15,000 Ann Wash A Bai. December. 43.401 Central Branch 3d wk Jan. 753,000 663.000 22,378,385 21,781.467 Atch Top A S Fe. December. 5,539,866 5,328,952 31,695,051 30,876,256 T o t a l ................. 3d wk JaD. 91,590 132,68© 5,079 3,822 Atlanta A Char.. O ctober... 282,404 273,771 1,079,978 995,528 Mob Jack A K O. WkJan. 24 349,236 617,732 553,102 3,624,155 3.160,324 45,508 308,098 Mobile A Ohio..t December 54,648 Atl Knoxv & No. December. 116,763 11.873 21,005 Atlantic A JBirra. December. 60,631 Nash Cli A St La. 4th w'kJaD 288,947 223,967 5,425,139 4,616,166 Atl Coast Line... December. tl 563,803 £1467024 £8,952,137 £7,784,011 Nat’l RR of Mex. 1th wkJan 269,252 228,954 5,629,170 4,356.709 110,683 269,977 19,325 21,384 13,394 88,5.68 Atl Vald A West. I u n e ........ 235,045 Nev-Cal-Oregon. December. 9,679 20,632 59,788 3,230 21,591 10,229 3,544 Balt A Ann S L.. December. 54,943 Ne vada Central.. December. 8,077 Balt A Ohio---- ) N Y C A Hud Riv January .. 6,239,441 5,401,007 45,145,223 13,2<i5,095 B A G Southw. s December. 4.929.035 4,590,024 31,647,157 29,499,766 N Y Out A West. December 600,163 463,292 2,692,696 3,692,224 994,687 1,453,737 865,305 Bangor A Aroosl December. 124,992 121,929 815,018 N Y Susq A Wesl December. 254,136 205,125 2 0 ,0 1 1 22.614 Norfolk A West’n 4th wkJan 628,692 495,821 11,766,446 10.131,834 Bath (Si Hamm on December. 2,673 3,038 86,075 17,032 803,940 643,010 4,364,154 4,316,254 Bell. Zanes&Cin. November. 14,828 77,823 Northern Central December 4,808 29,913 Bellefonte Cent’] December. 4,639 29,508 North’n Pacliic.. December 3,751,124 3,410.527 25,811,029 22,957,462 30,952 248,467 Bridgt A Saco R. November. 22,638 4,346 28,002 281,235 20,303 Nor Shore iCal)... December. 3,089 6,941 Bull Attica A Are Sepiember 500,090 519,911 1,5o2,0 46 1,375.321 6,810 Pacilic Coast Co. .seiiteraber Butt Roch A Tilth 4t.i wkJan 2*66*792 154*359 4,283,396 3,839,164 Penn—EastPAEe December. 9,529,375 8,306.075 59,243,316 52,878,318 505,384 In c. 61 1,700 In c. 2.7 45,200 Buttalo A Susq... December. 86.750 69.030 433,085 West P A E §... Oecember. 4,959,604 4,559,003 Pere Marquette.. 3d wk JaD. 173,927 167.600 5.729,766 5.344,312 399.700 399.77 Burl C Rap A No M ay......... Canadian Nor.h.. December, 201.700 129,918 Plnla.Balt. A Wa. December. 1,066,303 953,803 6,545,438 6,074,338 Canadian Pacific ilh wkJan 914,000 790,000 25,6*61,903 22,519,341, Phlla A Erie....... November. 594,441 614,481 2,817,200 3,308,931 13,992 15,372 124,915 22,355 Cane B elt........... December. 18.887 3.980 90,4051 PineBlf.Ark.R... November. 5,979 Oent’l o f Georgia 3d wk Jan. 184,110 178,750 5,208,014 4,569,449 Pittsb C C A St L December. 1,951,733 1,779,697 11,720,342 10,933,298 Oent’lo f N Jersey December. 1,629,724 1.209.773 7.674.824 8,689,881 Plant S y stem Central Pacific.. November. 1,935,917 1,706.395 9,791,024 9, J00,035 Ala Midland. Chattan South’n. 3d wk Jan. 66,934 2,393 1,749 52,908 Bruns A W’n. 706,318 598,739 8,475,502 7,948,363 Chesap A O hio... 4th wkJan 565,967 460,370 9,131,798 9,819,493 Chas A S a v ... J u n e ........ Chic A Alton Ry. December. 848.778 761,092 5,186,855 4,903,425 Sav Fla A W. Chic Burl A Quin December. 5,249,621 4,256,324 31,948,014 28,480,588 SilS Oc A G .. Chic A E Illinois. 4th wkJan 246,259 198,322 4,407,529 3,726,708 Reading Co.— Chic Gt Western. 4th wkJan 2.l9,Z'jO 188,554 4.575.748 4,627,203 Phil A Read___ December. 2,8C1,119 2,411,700 13,845,944 15,106,407 Chic Ind A L’ v . . . 4th wkJan 130.929 104,163 2,896,033 2,690,826 Coal A IrC o___ December. 2,901,359 2,4© 3,857 6,416,899 15,305,239 Chic Milw A St P December. 3,903,803 3,991,254 25,177,967 24,386,250 Tot both Co’s.. December. 5 ,/62,4* © 4,©95,557 20,262,o43 oO,411.646 Chic A North W’n December. 3,787,991 3.616.773 25,511,028 24,671,001 Rich Fr’ksb A P . November. 468,591 431,755 98,659 91,660 Chic Peo A St L.. August__ 264,634 275,160 66.242 133.929 123,975 45,42© 232,767 Rio Grande Jet.. November. 53,093 351,129 Chic R I A P a c... December. V3976790 348,850 024296887 13,567 14,973 Rio Grande S o... 4th wkJan Chic St P M A O . December. 972,740 980,259 6,502,321 6,371,904 Rio Gr’de W est.. J u n e ........ 451,400 449,400 5,341,154 4,908,081 Chic Term Tr RR 4th wkJan 991,092 46,430 36,029 31,320 1,099,038 940,957 R u tla n d ................ 1st wk Dec 43,107 1,020,574 Cin N O A T Pac. 3d wk Jan. 101,229 o33,11. d 642,5©1 99,209 3,207,424 3,042,450 St Jos A G r I ....... November. 116,521 109,878 Cl CinCh A St L. 3d wkJan. 349,183 317, OSS 11,261,857 10,956,669 St Louis A Gulf.. August__ 22,567 A59.6S1 A28.476 11,445 Peoria A East’n 3cl wk Jan 77,896 80.163 53,457 18,716 45,042 1,568,513 1,458,554 St L A N Ark....... O ctober... 21,417 Colorado A South 4th wkJan 138,869 126,028 3,657,427 3,269,669 St L A San Fran # 3d wk Jan. #624,313 #566,520 017973301 ^16008378 Col Newb A Lau. November. 16,319 77,694 14,928 72,023 St L Southwest.. 4th wkJan 210,450 221,983 4,458,148 4,489,399 Col Sand A llock 3d wk Oct. 32,418 509,531 1©7,439 162,244 1,175,579 1,077,475 408,538 S tL Van A T H .. December 25,913 Copper Range.... November. 26,684 156,005 18,077 73,409 San Ant A A P ... Nov ember. 226,893 253,462 1,207,398 1,187,483 Cornwall............ O ctober... 718,594 7,660 628,620 33,631 11,282 92,©68 85,526 43,196 San Fran A N P .. December. /706.318 / 596,739 / 8,475,502 / 7,948,368 Cornwall A L eb.. November. 110,664 17,527 162,869 Sav Fla A West.. J u n e ___ 28,700 CumbeiTd Valley November. 110,308 554,774 95,824 518,967 Seaboard Air L .. 3d wrk Jan. 227,849 227,654 6,863,694 6,290,201 Deny. A Rio Gr. / 4th wkJao 256,882 261,959 20.428 18,173 4 58y3&3 4o6,200 10,622,098 10,488,626 So C A Ga E x t... M ay......... Rio Gr. West. > 5,672 11,300 So Haven A East. O ctober... Detroit Southern. 4th 44,565 433,628 317.372 Jan 827,784 33,884 75,286 751,667 Southern I n d ___ December 48,670 Det A Mackinac. December. 61,942 78,236 425,760 393,253 So Pacific Co b... December. 7,972,286 7,356,810 45,9©3,511 43,728,544 DulSo Sh A A tl.. 3d wkJan. 196.104 38,611 128,508 45,501 1,549,368 1,505,455 35,372 Carson A Colo. November. * 42,142 E rie..................... December. 3,867,873 3,105,172 22,087.348 21,322.545 Central Pacific. November. 1,935.917 1,706,395 9,791,024 9,400,035 Evansv A Indian 4th wkJan 72,576 85,315 9,443 9,243 204,950 242,659 20,838 29,626 Direct Nav. Co. November. Evansv A T H ... 4th wkJan 38,894 1,024,900 42,656 881,551 Gal Har A S A . November. 569,583 698,040 2,768,324 3,112,727 F’rchild A N’r ’e’n December. 480,446 20,312 2,811 204,787 2,909 44,501 17,199 Gal Hous A No November. 121,013 Faruiv A Powhat December. 80,834 72,692 6,320 39,391 6,191 13,719 36,216 13,106 GulfW . T. A P. November. Ft W A Denv City November. 223,593 221,213 1,146,117 385,257 402,278 91,299 102,126 935,173 Hous. E. A vV.T. November. 105,662 Georgia R R ........ December. 202,547 181,782 1.183.824 1.018.644 96,537 23,043 24,250 Hous. A Shrev. November. GaSouth A Fla.. December. 145,687 109,957 633,232 769,914 Hous ATex Cen November. 488,3 21 499,105 2,416,518 2,426.772 Gila Val G A N.. November. 23,30© 31,056 26,499 121,519 36,081 9,549 152,887 8,603 Iberia A Verm. November. Gr Trunk System 3d wk Jan. 610,297 525,360 18,459,075 16,793,494 835,972 782,792 Louis’ a W est... November. 163,904 176,7 56 GrTr. West’n. 2d wk Jan. 94,549 80,540 2,591,756 2,335,201 Morgan’s L A T November. 476,756 579,970 1,984,352 2,357.170 DetGr H A M .. 2d wkJan. 98,954 106,144 20,357 678,680 19,505 16.9S9 23,559 N. Mex.A Ariz.. November. 658,286 Great North’n — 205,856 168,166 44,066 36,369 N Y T A M e x .. November. St P Minn AM ) Oregon A Calif. November. 346,586 301,239 1,711,419 1,526.961 East, of Minn $ December. 3.207.036 3,121,565 22,775,199 19,702,375 215,119 34,910 19o,o 1o 53,917 Sonora Ry....... November Montana Cent’J December. 89,352 110,708 1,027,125 439,802 451,149 857.540 65,©43 75,519 So Pac. Coast... November. Towl system. December. 3,396,368 3,232.273 23,802,324 20,559.915 So Pac RR Co.. November. 2,694,506 2,467,10© 12,610,88© 11,998,923 Gulf AShiplsland November. 149,552 116,723 2,060,508 553,123 706,077 So Pac SS Lines November. 506.070 Hocking Valley.. 4tli wkJan 113,837 105,654 3,406,245 3,105,714 Tex A N Orl...... November. 266,376 257,650 L363.437 1,239,344 Hous A Tex Cent November. 488,121 499,405 2,416,518 2,426,772 Southern Railw’j 4th wkJan 1,166,12© 1,096,37© 24,755,179 22,414,013 Illinois Central.. January .. 3,759,183 3,493,554 25,816,168 24,128,584 Terre H A Ind ... December. 155,764 124,365 948,059 840,814 Illinois Southern December 304,722 12,580 292.530 80,279 11,277 70,690 Terre H A Peor.. December. 56,528 42,973 Ind 1U. A Iowa December. 161,420 138,226 399.141 848,764 Texas Central ... 3d wk Jan. 851,572 3 ( 3,5© 4 12,238 12,396 Int A Gt North’n 4th wkJan 189,880 144,536 3.392.749 3,216,698 Texas A Pacific.. 4th wkJan 352,645 345,136 6,994,630 7,287.221 Interoc (Mex)___ Wk Jan. 17 90,400 77,255 2,690,630 2.148.645 Tex S V A N W 87,300 ©8,500 16,000 December. 20,000 Iowa Central___ 4th wkJan 71,557 75,96© 56,560 83,996 1,466,657 1,519,479 Tifton Tfiom. A G. November. 11,056 14.861 Iron Railway___ December. 6,621 8,337 39,6061 Tol A Ohio Cent. 4th wkJan 41,081 77,201 67,215 1,849,933 1,712,489 Kanawha A Mich 4th wkJan 33,262 29,663 700,877 634,009 Tol P A W est___ 4th wrkJan 609,805 35,322 32,111 722,430 Kan City South’n 4th wkJan 181,921 172,110 3,728,502 3,312,7981 Tol St L A W ....... 4th wkJan 67,046 1,840,279 1,594,575 85,344 Lehigh Val RR.. December. 2,473,000 1,839,410 11,224,889 13,884,2171 Tor Ham A Butt . 2d wk Jan. 250.451 271,792 8,079 7.853 Leh Val Coal Co. December. Un. Pac. proper. 3d wkJan. 601,851 591,261 16,937,408 16,611,966 Lexing A East’n. November, 168,474 Union Pac RR . ) 29,374 40,439 232,798 Long Islan d___ December. Inc. 46 ,991 Inc. 240 ,751 Orcg RR A N > December. 4,158,067 3.S96.220 27.025,756 25,445,085 La. A Arkansas. September 38,744 121,702 43,963 108,457 Oreg Sh Line. ) Lou. Hend.ASt.L. November. 65,084 303,526 W abash............... 4th wkJan 561.176 534,645 12,518,036 11,597,826 57,456 343.516 Louisv A Nasliv. 4th wkJan 1,045,180 885,826 20,507,645 17,896.183 W Jersey A Sea'e December. 223,37 4 213,074 2,316,106 2.186,006 Macou A Birin... December. 12,260 64.461 Wheel A L E ....... 4th wkJan 103,3J9 12,073 80.215 91,751 2,422,228 2,055.888 Man’tee AGr. Kds November. 12.941 9,610 10,775 55,318 Wichita Valley... August__ 9,895 53,303 5,331 7.413 Mania A No East November. 04,493 133,741 Wm’sport A N.Br. November. 21,900 136,574 21,909 81.627 13,886 10,697 Manistique. . ___ December. 4,951 53,152 6,756 34,629 Wisconsin Cent.. 4tli wkJan 153,000 141,347 3,8 43,51» 3,4 45,439 Mary I’d A Penn.. December. 20,075 94,37b| 7 J,6«)d 19,431 14,116 Wrightsv A T’ n.. December. 16,749 ^Mexican Central 4th wkJan 726,217 561,662 12,800,9*38 10,223,666, Yazoo A Miss. V. December. 759,951 665,083 3.S19.010 3,411,088 Mexicanlutern’J. December. 669,947 547,038 3,432,447 3,030,686 I $ Covers results on lines directly operated. tMexican currency, a Includes Vaducah A Memphis Division from July 1 in both years, t Results ou Monterey A Mexicau Gulf are included from March 1, 1902, but for uo part of 1901. e Covers Hues directly operated, including the Buttalo A Alle y VaL Div.for both years. o Includes the Houston A Texas Central and its subsidiary lines. Earmugs ot the Cromwell Steamship Line, not previously reported, are now also included. c Results on Montgomery Division are included in both years. </ Includes St. Paul A Duluth tor both years. /These figures are the results on the Ala. Midi., Brunswick A West*, Charles. A Sav., Sav. Fla. A West’ n and Silver Spriugs Ocala A Gulf, *7 These figures now Include the Chioago A Eastern Illinois in both years. A From May, 1902, includes sundry acquire*! roads, i Iucluling warnings of the Hancock A Calu. both years, t including earnings of the Sav. Flor. A West, in both years. 0 Includes $ 109,834 other income lu Deo., 1902, and $692,391 from July 1. THE 328 CHRONICLE [V ol . L X X V I . - G ross E a r n in g s .— . — Met E a r n in g s .------ . Totals lor Fiscal Year. C u r re n t P r e v io u s C u r re n t P r ev io u s In the full-page statement on the preceding page w e show T ear. Y ear. T ear Tear. Roads. $ the gross earnings of all roads for the period from July 1 $ $ $ that being now the beginning of the fisoal year of the great Ann’p.W’sh.ABal.aDec. 5,684 1,552 5.137 414 July 1 to Dec. 3 1 .... majority of the roads. There are, however, some roads that 43,653 43,401 16,776 16,417 still have their own fiscal years. These with their dates are Atlantic Coast L.a.D ec. 1,563,803 1,467,024 499,935 552,041 July 1 to Dec. 3 1 .... 8,952,137 7,784,011 2,914,633 2,430,865 brought together in the following. Latest Gross Earnings Period. R oads. Allegheny Valley................... Jan. 1 to Nov Atlanta * Charlotte Air Line. Apr. 1 to O ct Bellefonte Central........ ........ Jan. 1 to Deo. Central of New Jersey........... Jan. 1 to Deo. Chattanooga Southern........ . Jan. 1 to Jan. Chicago & North-Western.... June 1 to Dec. Ohio. St. P. Minn. A Omaha.. Jan. 1 to Deo. Cumberland Valley............... Jan. 1 to Nov. International A Git. North’n Jan. 1 to Jan. Manistee A North Eastern... Jan. 1 to Nov. Manlstlque........... ................. Jan. 1 to Dec. Mexican C entrait...... . . . . . . . Jan. 1 to Jan. Mexican International......... Jan. 1 to Deo. Mexican Railway................. . Jan. 1 to Jan. Mexican S o u th e r n ............ Apr. 1 to Jan. Missouri Paolflo..................... Jan. 1 to Jan. Central Branch.............. . Jan. 1 to Jan. Total.................... ............ Jan. 1 to Jan. National RR. of Mexico........ Jan. 1 to Jan. Norther* C e n tr a l............... Jan. 1 to Deo. North 8hore............................ Apr. 1 to Dec. Pennsylvania, East of P. A E..* Jan. 1 to Dec. West of P. A E ... . . . . . . . . . . Jan. 1 to Dec. Pere Marquette...................... Jan. 1 to Jan. Philadelphia A Erie.............. Jan. 1 to Nov. Phila. Baltimore. A Wash'g’n Nov. 1 to Deo. Pitts. Cinoin. Chic. A St. L ... Jan. 1 to Dec. Rio Grande Junction............. Deo. 1 to Nov. St. L. Vandalla A Terre H ,... Nov. 1 to Dec. South Haven A Eastern........ Jan. 1 to O ct Terre Haute A Indianapolis.. Nov. 1 to Deo. Terre Haute A Peoria........... Nov. 1 to Deo. Texas A Pacific...................... Jan. 1 to Jan. West Jersey A Seashore....... Jan. 1 to Dec. Wichita V alley...................... Jan. l t o Aug. Current Tear. Previous Tear. 334.378 30 lno. 31 1,756,116 1,640,820 52.006 31 58,368 31 15,107,661 (16,788,498 6,763 5,250 21 31 29,511,396 |28.584.103 31 11,907,521 11,196,403 30 1,112,648 1,014.375 432,013 31 479,959 30 309,142 311,519 93.462 31 104,558 31 2,019,148 1.613.361 31 6,543,161 5,960,824 257,300 360.600 17 14 671,057 760,355 21 2,024,000 1.807.000 57,000 42,000 21 21 2,081,000 1.849.000 767,006 650.277 31 31 8,456,748 8,267.048 441,014 391,375 31 31 112663295 101329795 lno. 6,085,400 31 483,730 21 471,819 30 5,835,619 6,293,647 31 2,110,462 1.944.362 31 22,559,716 20,684,355 573,121 575,351 30 370,691 340,712 31 31 308,784 "265',438 31 100,094 90,626 31 964,750 31 1,007.127 31 8,893.758 8,678,658 45.970 31 39,617 * These figures lnolnde the Buffalo A Allegheny Valley Division in both years, t The operations of the Monterey A Mexican Gulf are inoluded from March 1,1902. Latest Gross Earnings by Weeks.—In the table which follows we sum up separately the earnings for the latest week. The table oovers the fourth week of January and shows 15T9 per cent increase in the aggregate over the same week last year. 4th week o f January. 1903. 1902. $ $ Ann A r b o r ................... 54,065 51,463 Buffalo Rooh. & Pittsb’g 200,792 154,359 Canadian Paolflo...----944,000 790,000 Chesapeake & Ohio____ 565,967 460,370 Chicago Great Western. 2 9,500 188,554 Ohio. Indian’lls A Loulsv. ISO,929 104,183 Chic. Term. Transfer___ 46,430 43,107 Colorado & Southern__ 138,869 126.028 Denver A Rio Grande*.. 458,300 406,200 Detroit Southern............ 33,884 44,565 9,243 Evansv. & Indianapolis. 9,443 42.656 Evansv. A Terre Haute. 38,894 105,654 Hooking Valley.............. 113,837 Intern’f A Gt. Northern. 144,586 189,890 71,557 Iowa Central.... ........... 83,996 Kanawna A Michigan... 33,262 29,063 172,110 Kansas City Southern... 181,921 Louisville A Nashville.. 1,045,180 885,826 561,662 Mexican Central___ . . . . 726,217 84,400 73,121 Minn. A St. LonlS____ 465,674 390,458 Mo. Kansas A Texas__ 288,947 Nashv. Chat. A S t Louis. 223,967 269,252 228,954 National RR. of Mexico. 628,692 495,821 Norfolk A Western____ 13,567 14,973 Rio Grande Southern... 210,450 221,983 St. Louis Southwestern.. Bonthem Railway____ 1,166,128 1,096,378 352.645 345,136 Texas A Pacific........... . 77,201 67,215 Toledo A Ohio Central.. 35,322 32,111 Toledo Peoria A West’n . 67,046 85,344 Toledo S t L. A W est..... 534.645 561,176 W abash.............. 91,751 108,329 Wheeling A Lake E rie.. 141,347 Wisconsin Central......... 153,001 Total (34 roads)....... 9,706,028 Net lnorease (15-19 n.c.). * Including Rio Grande Western. 8,426,117 Increase $ 2,6046,433 154,00< 105,597 30,941 26,746 3,323 12,841 52,100 10,68. 3,762 8,13i 45,354 ......... 3.599 9,811 159 354 164,555 75,211 64,981 40,298 132,871 69.750 7,508 9,986 3,211 18,298 20,531 16,578 11,053 1,316,768 1.279,911 Decrease. $ 200 12,439 11,279 1,406 11,533 36,857 For the month of January 34 roads (all that have fur nished statements for the full month as yet) show as follows: Month o f January. 1903. 1902. Increase. $ $ $ Gross earnings (34 roads) 35,717,364 32,658,816 3,058,648 Per Cent. 9-37 It will be seen that there is a gain on the roads reporting in the amount of $3,058,548 or 9'37 per cent. Net Earnings Monthly to Latest Dates.—The table follow ing shows the gross and net earnings of S t e a m railroad* reported this week. A full detailed statement, including aL roads 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 C h r o n ic l e of Jan. 24, 1903. The next will appear in the issue of Feb. 21,1903. Baltimore A Annapolis Short L ine.a.......Deo. 10,229 8,077 4,362 1,128 July 1 to Dec. 3 1 .... £9,788 54,943 17,744 22,539 Bangor AAroost’ kbDeo. 124,992 121,929 39,186 33,408 July 1 to Dec. 3 i ___ 865,305 815,018 309,314 328,281 Bath A Hamm’ds.bDec. 2,673 3,038 1,114 1,533 July 1 to Dec. 31___ 20,011 22.614 9,472 11.170 Bellalre Z. A Oin...Nov. 17,032 6,502 14,828 3,522 July 1 to Nov. 3 0 .... 86,075 77,823 28,066 14,373 Canadian Northern.Deo. 201,700 V55.400 129,918 61,172 Cane Belt............... Dec. 22.355 18,887 12,418 8,176 July 1 to Dec. 31___ 124,915 90,405 52,115 38,800 Chic. Gt. West’n .b Dec. 647,323 628,582 181.982 174,025 July 1 to Dec. 3 i.._ . 3,957,018 4,029,446 1,172.686 1,213,774 Chic. Ter. Transf. b. Dec. 142,338 122,942 56,882 52,768 July 1 to Dec. 31___ 878,225 807,325 363,229 380,086 OLCln.Chlc.ASt.L.aDec. 1,701,943 1,614,844 433.251 433,889 July 1 to Dec. 3 1 .... 10,263,109 10,003,605 2,524,540 2,863,813 FeoriaAEas’ u.a. Deo. 263,257 228,259 87,826 67,746 July 1 to Deo. 3 1 .... 1,419,380 1,323,428 349,753 365,976 Color’ do A South, b . Dec. 509,141 439,225 dll8 ,9 8 5 d 115,993 July 1 to Dec. 3 1 .... 3,157,344 2,817,212 <1793,722 d769,386 Col. A Hock.C. A I..D ec. H26.258 H1S.395 8,971 22,655 Apr. 1 to Dec. 3 1 .... U151.131 h ll3 ,9 3 5 121,012 78,428 IT Den.ARioG’d e b Dec. 1,446,503 1,447,159 538,229 568,706 July l to Dec. 31---- 9,280,398 9,148,126 3,770,608 3,552,608 Dul. So. Sh.A A tl.b Dec. 202.265 203,800 59,437 65,008 July 1 to Dec. 8 1 .... 1,430,923 1,380,441 506,791 533,235 Farm v. A Po wh’t’n a Dec. 6,320 6,191 543 1,771 July 1 to Dec. 3 1 .... 39,391 36,216 2,051 def.463 Georgia, a . .......... Deo. 202,547 181,782 69,534 69,304 July 1 to Dec. 8 1 .... 1,183,824 1,018,644 q435,254 q355,280 GllaVal.GlobeAN.aDec. 26,945 32,489 15,414 15,620 July l t o Dec. 3 i ___ 148,464 185,376 90,304 94.170 Illinois Central...a Dec. 3,787,102 3,413,126 1,428,963 1,279,363 July 1 to Dec. 31___22,056,985 20,635,030 6,518,876 6,689,029 Kanawha A Mich.a Deo. 111,688 86,446 6,427 12,697 July l t o Dec. 31 ... 519,258 552,086 107,953 18,770 Kan.City 8outh.a..Dec. 536,466 505,279 182,542 153,933 July 1 to Dec. 31___ 3,179,804 2,798,516 897,010 897,547 Inc. 46,991 Long Island........... Dec. Inc. 1,131 July 1 to Dec. 31___ Inc. 240,751 Deo. 64,803 uouisv. A Nashv.b.Dec, 3,005,904 2,495,069 1,102,103 921,472 July 1 to Dec. 3 1 .... 17,488,195 15,171,427 5,855,329 4,889,500 Manlstlque. b........ . Dec. 6,756 4,951 def.1,863 def.8,431 Jan. 1 to Deo. 31__ 104,558 93,462 21,082 37.410 Manhattan Elevated— O ct 1 to Deo. 31 — 3,211,372 2,827,148 1,855,737 1,432,178 Jan. 1 to Dec. 31 ... 11,441,969 9,921,674 5,945,909 4,538,752 Mineral Range.b...D ec. 42,723 3,341 42,247 229 July 1 to Dec. 31___ 278,498 302,734 54,107 55,019 M. St. P. A 8. 8. M.b Dec. 513,454 510,402 288,082 232,716 July 1 to Deo. 31___ 3,995,565 3,392,574 2,118,590 1,939,273 Nash. Ch.A8t.L.b..Deo. n789,055 n625,892 n217,908 n205,618 July l t o Dec. 31-----n4611,521 n3916,033 nl378,'544 nl252;925 Nevada C en tral... Dec. 3,230 3,544 1,402 1,342 July 1 to Dec. 3 i ___ 21,591 20,632 8,450 def.680 Norfoik A West’n.a Deo, 1,648,647 1,360,687 676,310 594,902 July 1 to Deo. 3 i . . ..10,038,665 8,672,149 4,059,397 3,739,372 Northern Central.bDec. 803,940 643,040 204,898 160,298 Jan. l t o Dec. 3 1 .... 8,456,748 8,267,048 2,351,837 2,512,237 Pennsylvania— Lines directlyoperated j East of Pitts. AE. Dec. 9,529,375 8,306.075 2,298,537 2,780,737 j Jan. 1 to Deo. 3 1 .... 112663295 101329795 37,612,252 36,070,252 West Of Pitts. AE. Deo. Inc. 616,7C0 Dec. 366,500 Jan. 1 to Deo S i___ lno. 6,085,400 Inc. 354,300 284,650 953,803 Phil. Balt. A Wash.bDeo. 1,066,303 265,850 Nov. 1 to Dec. 31__ 2,110,462 1,944,362 613,299 642,299 Rio Grande South. I Dec. 42,036 50,759 20,006 21,870 305,358 310,736 July 1 to Dec. 3 i ___ 163,955 135,142 k8t. L. A San Fr. (inolud. Chic. A E. Ill ) b . . Dec. 2,728,581 2,350,268 1,047,193 939,727 July l t o Dec. 31....16,194,599 14,396,306 6,396,904 6,390,581 8an Ant.AAran.P.aDec. 199,724 223,526 33,037 70,195 July l t o Dec. 3 1 .... 1,407,122 1,411,009 419,604 499,766 Southern Pao.a Dec........ 7,972,286 7,356,810 2,552,974 2,535,317 July l t o Dec. 31....45,983,511 43,728,544 15,452,904 16,278,948 260,069 48,006 27,418 218,488 Toledo A Q. Cent.a.Dec. 340,723 320,455 July 1 to Dec. 31___ 1,605,083 1,491,751 213.074 def.9,789 def.11,789 223,374 W.Jersey A 8eash.tDec. 919,316 Jan. 1 to Dec. 31---- 3,893,758 3,678,658 1,002,816 293,289 287,147 665,083 759,951 Yazoo AMlss.Val.a Deo. July 1 to Dec. 3 1 .... 3,819,640 3,411,088 1,002.374 1,106,135 a Net earnings here given are after deducting taxes, b Net earnings here given are before deducting taxes, d Net, after deducting taxes, is $100,927 and $98,435 for 1902 and 1901 respectively for the month, and $685,376 and $664,037 from July 1. li Net reoeipts from coal sales, eto., before deducting general ex penses. J These figures include results on the Buffalo A Allegheny Valley Division in both years. k These figures include In both years results on Kansas City Fort 8eott A Memphis RB. and Fort Worth A Rio Grande RR. n Includes Padueah A Memphis Division from July 1 In both years. Expenses for Deo., 1002, lnolnde $102,880 paid for additions to property, and $395,798 for period from July 1, 1902. q Including remittances from connecting roads, total net income for five months Is $465,250, in 1902, against $385,280 last year, v Estimated. 11 Inoludes Rio Grande Western for both years. THE CHRONIC I E F ebruary 7, 1903.J 32 9 STREET R A I L W A Y S AND TRACTION COM PANIES, Interest Charges and surplus*—The following roads, in addition to their gross and net earnings given in the fore The following table shows the g r o ss earnings for the latest going, also report charges for Interest, &o., with the surplus jerlod of all s t r e e t railways from whioh we are able to ob above or deficit below those oharges. tain weekly or monthly returns. The arrangement of the -— / nl.. R en ta ls, etc.— . /—B a l. o f X et E a r n ' g s . ■.able is the same as that for the steam roads—that is, the Current P reviou s C urrent P reviou s irst two columns of figures give the gross earnings for the Year. Year. Year. Year. Roads. $ latest week or month, and the last two columns the earning! $ $ $ 1,310 6,150 2,212 tor the oalendar year from January 1 to and Including suob Bellaire Zanes. & C.Dec. 352 242,583 184,813 190,668 Olev. Cln.Ch. * St. L. Dec. 249.076 atest week or month. July 1 to Deo. 3 i __ 1,427,976 Peoria & East__ Dec. 33,689 July 1 to Deo. 31 ... 202,130 Ool. A Hook. C. * Ir.Dec. 4,704 Apr. 1 to Deo. 31 .. 49,337 Den. & R. Grande.l Dec. 331,384 July 1 to Dec. 3 1 .... 1,948,519 Dul. So. Sli. & At,l...Dec. 96,641 July 1 to Dec. 31 ... 504,349 GllaVal.Globe & N Dec. T16.868 July 1 to Dec. 31___ 1T41,368 Kanawha & Miob... Dec. 17,275 July l t o Dec. 3 i ___ 89,382 Manhattan Elevated— Oct. 1 to Dec. 31___ 747,954 Jan. 1 to Dec. 3 1___ 2,706,908 Mineral Range... Dec. 9,947 July 1 to Dec. 3 i ... 58,680 Nashv. Chat.A st.L.Dec. 150,387 July 1 to Deo. 31___ 903,922 Norfolk A West’n....Dec. 212,937 July l t o Deo. 3 1.... 1,272,970 Bio Grande South.. Dec. 19,105 July l t o Dec. 3 ....... 115,943 St L.& San Fran (lnclud. Ohio & East 111.).Dec. 668,753 July 1 to Deo. 31 ... 4,031,766 San Ant. A Ar P ...D ec. ||67,459 July l t o Deo. 3 i ___ 0402,692 Southern Pao.......... Dec. §3,391,377 July l t o Deo. 3 __ § 18807847 Toledo & Ohio (ten..Deo. 40,483 July 1 to Deo. 3 1 .... 234,650 1,406,119 83,689 202,130 4,725 41,643 307,426 1,839,007 78,641 471,849 ............ ........... 11,729 67,472 1,096,564 34,057 147,623 17,951 71,675 ■'♦243,445 *tl885,538 *df. 36,390 *32,747 8,546 48,946 *def.3,987 *df.67,l45 1,457,694 54,137 163,848 4,24 6 37,785 *t238,061 *11761,494 *df.l3,755 ‘ 37,222 ............ ........... *def.4,829 *43,631 753,135 2,686,411 8,634 51,531 152,510 915,059 192,041 1,152,608 18,033 109,176 *1,173,070 *880.330 *3,618,801 *2,686,374 *def.6,426 *def.8,342 “def.3,626 *3,815 67,521 53,108 474,622 337,866 463,373 402,861 2,786,427 2,586,764 901 3,837 48,012 25,966 632,154 *420,735 *393,659 3,423,584 *2,589,581 *3,155,582 ............. def.84,372 ........... 16,912 ............ ........... ........ *df.880502 ........... ............*df3073830 ............ 39,305 *7,814 *df.ll,663 238,735 *97,165 *110,305 * After allowing for other lnoome reoelved. t These figures are after allowing for other lnoome and for discount and exchange. After deducting $10,000 for Renewal Fund In December, 1902, and $10,000 In December, 1901, the surplus for the mouth Is $233,445. against $228,061 a year ago. Similarly, after deducting $60,000, the surplus from July 1,1902, to date Is $1,825,588, against $1,701,494 a year ago. 1 Includes Rio Grande Western for both years. f These figures Include $560 appropriated for betterments and additions to properties and equipment In Dec., 1902, and $3,508 from July 1 to date. | Interest on advanoes by Southern Paoiflo not taken into aocount, but figures Include $4,459 appropriated for betterments and addi tions to properties and equipment In Deo., 1902, and $24,692 from July 1 to date. These figures include $2,049,871 appropriated for betterments and dltlons to properties and equipment In Deo., 1902, and $10,777,781 from July 1 to Deo. 31. J Street Railway Net Earnings.—The following table give* the returns of St r e e t railway gross and net earnings reoelved this week. In reporting these net earnings for the street railways, we adopt the same plan as that for the steam roads—that is, we print eaoh week all the returns reoelved that week, but onoe a month (on the third or the fourth Saturday), we bring together all the roads furnismog re turns, and the latest statement of this kind will be found in the C h r o n ic l e of Jan. 24, 1903, The next will appear iu the issue of Feb. 21, 1908. ,— Gross E a rn in g s .— , .------ X et E arn in gs. ----- , C urren t Year. P reviou s Year. C urren t Year. P reviou s Year. Roads. $ $ $ $ Coney Isl. & B’ klyn b — 103,674 90,220 334,530 308,218 Oct 1 to Deo. 31---333,662 381,193 797,284 860,081 July 1 to Dec. 3 1 .... 2,263 6,914 10,508 Galveston Citv Ry..Dec. 17,236 35,009 123,400 57,798 177,272 Jan. 1 to Deo. 3 i ---International Tract. Co. 95,827 139,914 309,871 270,650 System (Buffalo) .Dec. 411,180 u354,332 904,171 u732,377 Oct. 1 to Dec. 31__ 41,671 27,847 87,249 75,600 Oakl’d Trans. Cons.Deo. 395,520 945,864 Jan. 1 to Deo. 31___ Peeksklll Lt. & RR.— 15,553 40,986 July l t o Deo. 31__ 56,546 22,729 a Net earlngs here given are after deducting taxes, b Net earnings her*- given are before deducting taxes u These figures are for the corresponding period of 1900, as the earnings for 1901 were unusually heavy owing to the Pan-Amerioan Exposition at Buffalo. interest Charges and Surplus.—The follow ing S treei railways, in addition to their gross and net earnings given it the foregoing, also report oharges for interest, & o,, w ith the •urplus or defioit above or below those oharges. ,— Int., Rentals, etc .— R at. o f X et E arn'gs.—, Roads. Ceney Island & B’ klyn— Oct l t o Deo. 31___ July 1 to Deo. 81__ International Traot. Co. System (Bull *lo).. Deo. OoL l t o Deo. 3 1 .... Peeksklll Lt. & RR.— July 1 to Deo. 31___ Cu rrent Year. P reviou s Year. C urrent Year. P reviou s Year. $ $ $ $ 66,900 135,748 69,834 140,837 132,822 390,134 128,241 u386,489 12,500 11,563 *24,360 *198,555 *35,144 *191,956 7,092 def.32,414 21,046 df.u32,157 10,229 3,990 * Itioludes other lnoome. u These figures are for the corresponding period of 1900, as the figures for 1901 were anusuaUy heavy, owing to the Pan-Ainerioan Exposition at Buffalo. STREET RAILWAYS AND TRACTION COMPANIES. GBOSB E a r n in g s . Latest Gross E a rn in g s. Jan, 1 to Latest Dale. nt Prev’ut Ourrent Previous Week, or Jfo Our’ Year. Year. Year. Year. Amerloan R’ys. Co. g. December. Athens Eleotrlo B y.. November Aur. Elgin & Ohio. By. September Binghamton HR...... November Br’klyn Rap.Tr. Co... December. Bnrllngt’n (Vt.) Trao. Deoember. Charleston Cons. By. Gas A Elec............. December. ihioago A Mil. Eleo.. Deoember. Oln. Dayton &Tol. Tr. Deoember. Oln. Newp. A Coving. Light A Traction t. November 011liens Ry. A Light (Muscatine, Iowa). Deoember. JltyEleo. (Rome.Ga.) December. Cleveland Eleotrlo .. DecemberOleve. Ely A W est... Deoember Jleve. Painsv. A E... Deoember. Oart.A W port St.Rv Deoember. Detroit United R y .n 4th wk Jan Detroit Ypslla’tl Ann Arb. A Jackson Ry. November Ouluth-Sup Traot... jBnuary... East. Ohio Traction.. November Elgin Aurora A Sou Deoember. .Jalveston City........ December. Harrisburg Traction Deoember. Indianap.A East. Ry. December. Iniernat’l Trac. Co System (Buffalo).w Deoember. Jacksonville Eleo.Co. November Lake Shore Eleo. Ry. November .ehigh Traction....... December. Lexington R y........... November L«ondon8t. Ry.(Can.) November Los Angeles Railway O ctober... Mad. (Wls.) Traction Deoember. Met. West 81de Elev.. Deoember Mil. Eleo. Ry.&LLCo. Deoember Mil. Li. Heat & Tr. Co. |Deoember Montreal 8treet R y .. December. Musk. Tr. & Light. Co. Street Ry. Depart.. Deoember. Eleotrlo Light Dep. December. Gas Department... 'December. New London St. R y.. |November Northern Ohio Traot. December. Northwestern Elev.. December. Oakland Trans. Cons December. Jlean St. Railway... Deoember. Orange Co. Traction. Deoember. Paoiflo Eleotrlo........ O ctober... Phlladeiphla Co........ Deoember. Pottsv. Union Traot. December. Pueblo & Suburban Traot. A Llght’g Co. November Rye Co.Gen.—Roads. Deoember. Light Co’s.............. Deoember. Rochester Railway.. Deoember. Sacramento Electric Gas A Ry............... November 8t. Louis Transit___ Deoember South Side Elevated. Deoember. Springfield (111.) Con. Deoember. Syracuse Rap.Tr. R y . Deoember Tol. Bowl.Gr.A 8o.Tr. Deoember Toledo Rye. & Light. Deoember, Toronto Railw ay___ Wk.Jan.31 Twin City Rap. Tran 3d wk Jan. Union (N. Bedford).. Deoember Union Trao. of Ind.. Deoember United RR’ s of 8an $ 8 $ 96,158 82,262 1,147,912 904,561 4,094 4,110 43,201 35,875 21.451 15,975 15.107 192.840 185,105 1,076,192 1,038,158 13,089,146 12,481,585 5,611 63,64. 5,053 59,447 *60,091 11,719 36.452 81,117 99,151 190,110 171,171 68,131 1,003,407 749,403 9,219 7,654 73,434 89,865 3,689 42,403 3,581 41,248 217,594 196,624 L503 656 2,275,489 24,710 19,406 300 845 249.259 12,473 11,920 189,187 164,971 7,088 7,903 130,036 131,581 100,275 87,986 801,045 275,593 29.452 43,335 16.940 34 999 17,236 37.855 9,642 309,871 19,541 42,540 9,552 20,899 12.855 135,683 7,217 179,307 260,189 29.940 177,367 6,560 3,333 4,656 3,904 64,155 110.991 87,2*9 6,359 6,409 61 342 1,876,133 36,236 12,1*51 30.199 10,503 34,665 43,335 36,236 410 441 177,272 457,705 101,994 361.664 123,400 391,176 416,390 98,271 329,376 128,949 270,650 27,77>10,721 16,450 12.084 99,041 5,505 156,193 229 365 26,357 158,196 139,661 128,897 t,187,293 892,627 79,454 1,932,686 1,678,706 2,737,321 2,417,434 354,762 825,231 2,098,68t 1,924,318 5,827 r8 5,759 r71,108 3,561 r24,253 r22,385 3,191 r32,218 r25,742 3,866 66,992 64,465 53,484 745,043 617,010 98,230 1,167,639 1,016,355 75,600 946.861 4,638 61,9c2 53,592 6,882 101,543 101,415 1,206,282 13,795,054 12,189,114 161,64b 173,210 37,634 23,733 20.990 17.371 273,434 218,786 22,1712,176 2.158 20,836 103,155 98,002 L,107,73b 1,022,009 45,424 150,551 137,195 18,746 67,405 25,444 139,608 36,400 69,305 27,947 36,092 442,129 330,302 464,807 6.438.788 5,777,601 123,69* 1,433,751 1,316.507 15,533 196,609 170,772 63,470 246,932 126,378 1,459,091 1,311,084 31,251 161,939 137 137 61,047 208,594 185,290 23.851 336,304 278.653 70,137 948,888 742.654 F r a n c i s c o .................. 464,041 §4 434,054 Tniteid Trao.—(Alb.) Deoember 136 1,5*1,58.- 1,378,083 Va. Pass. & Power Co November 122 Youn getown-Sharon Ry. A Lt. Co........... Deoember. 47,857 ........... 444.985 .......... w Beginning with Deoember results are for Intern’l Traotlon Co. System, which now owne all the operating oompanles Included In the International Railway Co. t Beginning with August results for 1902 are for Cincinnati Newport A Covington Light A Traction Co. Figures for year to date seem also to have been revised at same time. | These are results for properties ownea. § These figures are from March 20th to Deoember 31. n These earnings Include the Detroit United Ry., Detroit A Port Huron 8hore Line and the Sandwich Windsor A Amherstburg Ry. r These figures are from Mar. 1 to Deo. 31. s Figures for 1901 were unusually large owing to the South Carolina Inter State Exposition at Charleston. ANNUAL REPORTS. Annual R eports.— The following is 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 R a il w a y Supplem ents . This index does not include reports in to-day’sCh r o n ic l e , R a i l r o a d s , e t c .— P ate. < S t r e e t R a i l w a y s Page, Am. Dist. Tel. Co. o f N. Y .............. "63 Detroit United R y ............................ 262 Col. Fuel & Iron ...............-............. 2A3 Milwaukee Klee. Ry. & L igh t......... 263 C- nsol. Oa* o f New York ............. 26» T oled o Rys. A L ig h t......................... 263 M onong. Riv Consol. Coal & Coke 8 K j T oronto Railw ay............................... 203 Nevada C allforniu-O regon............. -.62 Pressed Steel Car.............................. 2-54 THE 330 CHRONICLE. Northwestern Elevated Railroad o f Chicago. f Statement fo r the year ended Dec. 31, 1902.) The following statement has been issued: STATEMENT FO R Y E A R END ED DEC. 3 1 . 1902. 1901. Pass, ear’ d.23,354.729 20,327,005 Av. dally... 47,594 55,690 JBarn’g s-Paesentpra.$1,167,528 $1,016,187 Miecellan’e. 243,469 84,676 I 1902. | Oper. expen.— |Main, way & et. $58,062 Main, eqnipm’ t 51,260 |Cond’ g ir a n s ... 306,143 , General............ 49,934 1901. $26,748 28,993 267,578 52,821 G ross...$1,410,998 $1,100,863 | T otal............$464,401 $376,140 Net earnings........................................................................$946,597 $724,723 Deduct— Interest................................................................................ $<54,691 $385,220 Loop rental................... 116,773 101,635 T axes.................... 86,308 78,580 $757,772 $565,435 Surplus for stock....................................................... $189,423 $159,288 BALANCE SHEET DEC. 31. 19C2. 1901. 1902. 1901. L ia b ilitie s — § $ A ssets— $ $ P r e fe r r e d s t o c k .. . . 5,OoO,000 5,0o0,0f0 R o a d a n d e q u ip m e n t ..................... 24.789,32124.778,714 C om m on s t o c k ....... 6,00 ,0 *0 5,000 000 B o n d s In tre a su ry I.OOj .OOO 1,122,400 B on d s ..................... 16,0»0,t'OO 15.'00,000 M o r t g a g e s ............... 119,OuO 119.000 D u e f r o m co m p 's C u rren t lia b ilitie s. 380,456 *739,405 a n d in d iv id u a ls . 420,136 292,390 K es .fo r t a x . & in t.. 272,039 261,532 C u rre n t a s s e t s ....... 91,768 223,798 R e s 'v e f o r m a iu t .. 51,000 15.000 4,1,7 2 9 282,su5 S u r p l u s ........... . . . T o t a l . .. ..26,301,225 26,417.303 T o t a l. .28,8.11,225 26.417.302 * I u c l ’g c o n tr a c ts f o r n e w e q u ip , and a d d itio n s t o p o w e r h o u s e .—V . 74, p. 376 General Chemical Company. ( Report for year ended Dec. 31,1902. J BALANCE SHEET DEC. 31. Assets1P03. 1901. L ia b ilitie s 1902. 1901. R e a l esta te , & c.. $41,231,115 $41,091,018 CaDital s to c k . ...*47,547.900 $47,647,900 N ew co i s m i c t ’ n 5,2-2,700 3,618,618 A c c o u n t s & bills S e ciir’s o w n e d ... 147,200 809,206 p a ra ble- .. . 4,783,430 2.829,801 N ew ea s lines & P re f. d iv . p a id .. 369,216 356,246 p re ’d ro y a ltie s 448,844 216,If 5 D e l'd in s ta lim ’t R aw & finished o n co a l la n d s .. 111,000 148,000 m a t e r ia ls ......... 4,195,775 3,327,606 R e s ’ ve f o r ta x & A c c t s St bills r e i n s u r a n c e ....... 120,506 81,991 c e iv a b le ............ 3,015,042 R e s ’ v e f o r q u e s 3,168.556 C a sh ....................... tio n a b 'e a ce s. 948,813 951,538 69,334 68,977 1,331,172 S urp lu s D e c. 31. 2,608,021 T o t a l ................. $55,591,079 $52,364,411 - V . 75, p. 1150. In spite of the disastrous floods o f last March, entailing a direct loss o f more than $10,000, and of the unfortunate strikes which directly and lndlreotly affeoted us greatly, the profits have shown a substan tial Increase. We have acquired several foundation patents, have se cured Important raw material supplies and have In other w a js greatly Increased our faoilitles for m anufacturing and marketing. As usual, we have kept our several plants In the best o f repair and have w ritten off such amounts as conservative bookkeeping would Indicate. T o t a l ................. $55,694,079 $52,364,414 GENERAL INVESTM ENT NEW S. RAILROADS. INCLUDING STREET ROADS. Arkansas Springfield & Northwestern RR .— New Securi ties.—Directors.—A t the annnal meeting held on Jan. 20 the stockholders voted to increaee the capital stock to $3,000,000, and to iesue bonds at $20,000 per mile, bearing interest at 5 p. c. per annum, payable semi-annually. The following were elected directors for the ensuing year: J. B. Delaney, H C. Solomon, J. O. Reddig. H. F. Reddig and J. E. Murphy, all of Kansas City Mo.—V. 75, p. 1398. Attica & Covington R R .-SoZd.—See Wabash RR. below. Baltim ore & Ohio RR.—New Director.—James Speyer has been elected a director to succeed Martin Erdmau.—V. 76, p. 101,47. Brooklyn Rapid Transit Co.—New President.—On Monday E. W. Winter was elected ; President to succeed Jacob L. Greatsinger. See V. 76, p, 265. Capital Traction Co. o f W ashington, D. C.—Report — The earnings for the year ending Dec. 31 were: Tear. President William H. Nichols says ; [V ol . L X X V I. Gross. 1902.......$1,381,033 1901....... 1,231,683 Net. $749,046 671,512 Oth. ine. Charges. Bal., sur. $21,007 19,677 $116,106 111,800 $653,947 579,389 Dividends of 4 per cent, amounting to $180,000, were paid in each year, and on Ang. 20, 1902, an extra payment of 4 per cent was made from the sale of real estate.—V. 75, p. 239. Champaign & Southeastern RR.—Foreclosed.—This road, which has loDg been operated by the Wabash, was sold under foreclosure at Springfield, 111., on Jan. 16, and was bid in The earnings for three years were as follows : at $175,000 by E. B. Pryor of Saint Louis for the Wabash. 1902. 1901. 1900. See that company below.—V. 75, p. 1146, Surplus previous year................... $1,238,437 $889,106 $478,710 Net protits for the y e a r ................. 1,507,551 1,358,347 1,258,946 Charleston (S. C.) Consolidated Ry., Gas & Electric Co. T o ta l............................................. $2,745,988 $2,247,453 $1,737,656 —Called Bonds.—Charleston City Ry. first mortgage bonds Deduct — Nos. 367, 369. 543, 548, 690, 706, will be redeemed by the Dividends paid — Mercantile Trust & Deposit Co. of Baltimore, trustee, at 105 Preferred (6 per cen t)....................$ 5 6 4 ,9 6 0 $520,400 $493,715 Common (4 per cent)................... 296,412 293,348 285,364 and interest on Feb. 16, 1903. New President.—Francis K. Carey announces that he will Charged off plant account.............. 269,143 195,228 69,471 retire from the presidency at the annnal meeting in March, T otal............................................ $1,130,515 $1,008,976 $348,550 and that Vice-President Philip H. Gadsden, of Charleston, Balance to sur. account Dec. 31..$1,615,473 $1,238,477 $889,106 will be his successor.—V. 75, p 133. Expended on new oonstruc’ n and 1 betterm ents................................... 706,073 778,257 Chicago & Alton R y.—Called Bonds.—The following 688,897 Expended on repairs and reoon[ Mississippi River Bridge Co. bonds, viz., Nos. 11, 70, 156, struot’n, chgd. to expense aco’ t. 415,814 369,215 J 182, 288, 283, 384, 387, 401, 508, 516, 572. 586, 612 and 674, BALANCE SHEET DEC. 31. have been called for redemption April 1, 1903, at the office, 1902. 1901. 1902. 1901. No. 120 Broadway —V. 76, p, 47. L ia b ilitie s — $ $ A ssets— $ $ M fg . in v e s t .a t cost.1 3 ,245,006 12,9'6,162 C ap ita l s to c k ( p f .) . 9,416,000 9,416,000 Chicago & North Western Ry.—Called Bonds.—Five and I n v e s t . In o t h . c o .’ s. 2,685,760 2,660,160 “ “ (com .) 7,410,:-00 7,405,500 six p^r cent sinking fund bonds of 1879 to the amount of M e r c h a n d is e .......... 1,34^,674 1,190.047 A c c o u n t s p a y a b le. 610,065 332,287 1*1, 40 141,240 A c c ’t s r e c e iv a b le . 1,627,158 1,373.018 D iv id e n d s a ccr u e d $135,000 have been drawn for redemption, and will be paid 20,127 C ash ............................ 806,602 372,556 R e s ’v e f o r fire ins.. ............. at the Farmers’ Loan & Trust Co. at 105 and acciued inter In s u r a n c e , e t c ....... 49,005 20,921 S u rp lu s..................... 1,615.474 1.238,437 est to Feb. 1, 1903, after which date interest ceases. See ad T o t a l a ssets ..19,223,206 18,533,464 T o t a l llabilities.19,223.206 18,533,464 vertisement on another page.—V. 76, p. 157, 47. —V . 74, p. 1093,1094. Chicago Reck Island & Pacific RR.—Application.—The Republic Iron & Steel Co. New York Stock Exchange has been requested to list $1,000,000 additional general mortgage 4 p. c. oonds of 1988. ( Report for the six months ended Dec. 31, J Litigation.—See Rock Island Company below.—V. 75, p. President Alexis W . Thompson says in part: 1353. The surplus has again been substantially Increased, the increase ac Columbus Delaware & Marion E lectric RR.—Purchase o f cumulated during the six months after the payment o f preference dividt-nds amounting to $671,631, as against $221,507 during the cor Bonds.—Kleybolte & Co. recently contracted to purchase responding period of the previous year. This result would have been $500,000 of the company’s bonds.—V. 75, p. 76. still more favorable had the transportation facilities o f the country Des Moines City Ry.—Earnings.—N. W. Harris & Co. in kept pace with Its industrial development. For some time past it has been the polloy o f the management to offering a block of the 5s of 1901 at 106 give the following as strengthen the company by extending In a large w ay Its holdings of the results for 1902: raw material. A t the same time it has also been the policy not to increase the capitalization by the issue o f either additional capital stock or bonds, Dut to pay for these extensions out o f the profits o f the company. Although such new construction and new acquisition o f raw material entailed a total expenditure of $5,282,700, the quick assets on Deo. 31 last still largely exceeded the accounts and bills payable. A t the time o f the organization of the company Its holdings o f north ern ore amounted to only 2,5c0,000 tons, and at the end o f the last preceding fiscal year, June 30, *902. this tonnage had been inoreased to 15,325,000. Since then we have acquired other mining Interests, so that now our ore properties are equivalent to at least 19,000,000 tons, an amount equal to the present requirements o f our Northern furnaces for 80 years and more For our S mthern furnaces the com pany owns suoh vast supplies o f ore and coal as to render further ac quisitions in that direction unnecessary. All the properties o f the com pany have been maintained in the highest condition. All improvements have been charged to operating expenses or depreciation. Three new continuous mills of the Morgan Engineering Company’ s best type have been installed at our Youngs town works, tw o of which are now in successful operation, aud the third will be put Into service within a few weeks, the results of which w ill soon be manifested in Increased profits. A substantial Increase in the net earnings of the company may be expeoted during the com ing six months. The re salts for the half-years ended Dec. 81, 1901 and 1902, compare as follows: Six Total Depreciation, months. profits. repairs, etc. 1902...........................$2,091,888 $707,7o5 1901.......................... 1,419,549 486,426 \ Pref, div. (3*4%) $712,491 711,616 Balance, surplus. $S 7l,632 221,507 Year— Gross. 1902...........................$483,150 1901........................... 397,839 — V. 76, p. 265. Net. $173,074 123,326 Tnt. $95,842 ............ Bal.. sur. $77,232 ............ Connecticut Ry. & Lighting Co.—Strike at Waterbury. —The strike of the company’s employes at Waterbury, Conn., which began on Jan. 10, resulted in so much disturb ance that on Feb. 1 two regiments of militia were called out, but some of the troops have since been withdrawn. The strikers insist on increased wages and certain changes in hours. The company declines to submit to this dictation and is trying to carry on its service in Waterbury with non union men.—V. 75, p. 1251. Great Northern R y.—Sale o f Lake Steamers.—A syndi cate of railroads having terminals at Buffalo—comprising the New York Central, the Erie, the Lackawanna, the Lehigh Valley and the Pennsylvania—has acquired the Northern 8teamship Company’s fleet of freight boats, to gether with the Great Northern elevator and freight ware houses on the Blackwell Canal in that city. The fleet con sists of six large steel steamers and the elevator is one of the largest in Buffalo harbor, having a storage capacity of 2,500,000 bushels. The purchase price was about $3,000,000. The two passenger steamers, the Northwest and the Northland, were not included in the sale—V. 76, p. 101. F ebruary THE CHRONICLE 7, 1903.] 331 Houston Electric C o Earnings.—Toe results for the year finish aDd equip the entire road. The stock will be held In a voting endiDg Dec. 31 were: T ea rOrois. 1902..........................$ 0 0 ,0 1 7 1901.......................... 292,7*4 _ V . 76, p. 158. Net. $14-*.245 115,381 Charges. $75,000 ............ Bat., sur. $74,215 ............ Huntingdon & Broad Top Mt. RR. & Coal Co.—Earnings. —Both the tonnage and the gross earnings for the year 1902 were the largest in the history of the company. The results, it is understood, compare as follows: Cross. 1902.......... $860,246 1901.......... 754 631 1900......... 643,904 Net. $345,606 324,964 247,442 Interest. Dividends. Balance. $106,190 $1.0,000 BUr.$ll»,416 106,190 100,000 sur.117,775 106,190 140,000 BUr.1,252 The earnings for 1902 as above are charged with only the 6 per cent in dividends paid on the preferred stock during the year. On Jan. 28, 1903, distributions were resumed on the common stock by the payment of a dividend of 2% p. c., calling for $84,294, and a semi-annual dividend of p. c , requiring $70,000, was paid on the preferred shares.—V. 74, p. 477. Houston & Texas Central RR.—Rock Island Interest.— While not officially confirmed, it appears to be the fact that the Rock Island Company has practically arranged to acquire from the Southern Pacific Co. an interest in the Houston & Texas Central. The report is that the Rock Island will invest some millions of dollars in H. & T. C. securities. As a result of the purchase the Rock Island would obviate the necessity of building, as proposed, an independent line fo Galveston, and would reach the Gulf of Mexico over the H. & T, C. Another outcome from the new alliance, it is thoueht, will be a traffic relation with the Southern Pacific permitting the Rock Island to run its trains to the Pacific Coast.—V. 75, p. 981. Indianapolis Columbus & Southern Traction Co.—New Name—See Indianapolis Greenwood & Franklin (Electric) RR. below.—V. 76, p. 101. Indianapolis Greenwood & Franklin (E lectric) RR.— Name Changed.—A t the annual meeting on Jan. 20 it was voted to change the name of the company to the Indianap olis Columbus & Southern Traction Co. The capital stock has been increased $135,000, and this amount, with $300,000 of the new bonds, has been issued in final payment for the construction of the road. See V, 76, p. 101. Iowa & St. Louis Ry.—Directors.—The annual election at Kansas City on January 27 resulted in the election of the following directors: Jno. W. Gates, Jno. Lambert, J. S. Keefe and J. J. Mitchell, all of Chicago. Ill ; E F. Swinrey, Kansas City, Mo.; Jae. Hopkins, Chicago, 111.; H. F Reddlg, Kansas City, Mo. Jno. Lambert was elected President; H. F. Reddlg, VicePresident and General Manager; J. H Lacey, Secretary, and W. N. Holmes, Treasurer.— V. 76, p. 265. Jacksonville Tampa & Key West Ry .—Lands Sold.—The lands of this defunct company, consisting of 507,984 aciies, were recently sold at auction for $165,095 (32t£ cents per acre) to Lawrence McNeill of Savannah and W. C. CoachmaD, First Vice-President of the Consolidated Naval Stores Co,—V. 63, p. 977. Kansas City Mexico & Orient Ry.—Lease o f Kansas City Terminals.—See Kansas City Outer Belt & Electric RR. be low. - Y . 75, p. 1253. Kansas City Outer Belt (Steam) & Electric RR.—Bonds Offered —The United States <fc Mexican Trust Co. of this city offers at par, with a bonus of 100 p. c. each in common and preferred stock, $1,500,000 of this railroad company’s $3,000,000 first mortgage 4 p. c. 50 year $1,000 gold bonds, dated Jan. 1, 1903; interest payable July 1 and Jan. 1. The company, while a separate enterprise, was organized by interests friendly to the Kansas City Mexico & Orient Ry. to furnish terminal facilities for that road and other companies at Kansas City. The prospectus says in p a rt: trnst of ten members until there shall have been paid an annual divi dend of 4 per cent for five consecutive years u pon ’ tbe preferred stock, when 'he voting trust will be dissolved. Estimated earnings per year, $360,000; fixed charges for interest. $30,000; cost of oper ation, $12'»,C00; balance for stock, $180,000 The voting trus tees a re : W. M. Chlnnery, Lewis Rendell and W. A. Simpson, all of London, England; A. E 8tllwell. Kansas City, Mo.; J. T. Odell, New York City; E. W Marsh, Bridgeport. Conn ; Russell Harding. 8t. Lonls, Mo ; E. J. Barney. Dayton, Ohio ; Edward r. Jeffery, New Y ork City; Richard H. Edmonds, Baltimore, Md.—V. 75, p. 184. Luke Street Elevated RR. o f Chicago —Reorgan- zation Committee.—A t tbe annual meeting on Jan. 29 David R. Forgan, H. N. Higinbotbam. H. A. Haugan, Cory E. Robin son and Thomas Templeton were appointed a committee to prepare a plan of reorganization. Four new directors were elected- James Boulton, Alfred Kobn, Henry C. HackDey and Cory E. Robinson. Tbe meeting adjonrned till March 2. See report in next week’s C hronicle.—V. 76, p. 266. Louisville & Nashville RR.—Entire Issue Called.—The entire outstanding amount, $7,500,000, of five-twenty collat eral trnst 4 p. c. gold bonds of 1898, has been called, and will be redeemed on April 1, 1903, at par and accrued inter est, at the office of tbe company, 120 Broadway, New York City. See notice on page xiv of advertisements.—V . 76, p. 212, 158. Louisville (Ky.) Railway.—Possible Combine.—Plans, it is understood, are under consideration with a view tonniting under one control the Louisville Rv. Co., the Louisville Gas Co. (V. 72, p 12S3), the Louisville Electric Light Co. (stock, $125,000) and the Citizens’ Lighting Co. (V. 72, p. 1190).—V. 75, p. 1399. Manhattan (Elevated) Ry., New1 York —Quarterly,— E*rniDg8 for the quarter?and the six months ending Dec. 31 were : 3 mos. end. Cross Net Other Interest, ' Balance, Dec. 31— earnings. earnings. income. taxes, etc. surplus. 1902.......... .$3,211,373 1901 ......... 2,837,148 $1,855,737 1,432,177 $65,267 201,287 $747,954 $1,173,070 753,135 880,329 1902 ........ 5.706,485 1901........... 4,931,424 3,011,903 2,214,323 146 575 392,575 1.392,723 1,385,486 6 mos. 1,765,760 1,221,412 Dividends of 1 per cent call for $480,000 quarterly.—V. 76, p. 212, 158. Metropolitan Street Ry. of New York.—Change o f Motive Power.—The following cross-town lines, now operated with horses, are to be changed to the underground electric system during the current year: Grand Street line, the change to he begun on March 20; the Fourteenth Street line and the Eighty-sixth Street line. Assessment Illegal.—Gilbert M. Speir on Thursday filed his report as referee in the proceedings brought to review the company’s assessment on personal property in 1900. This assessment whs at first fixed at $45,000,000 and later was re duced to $10,621,789, but Mr. Speir finds that the company had no assessable personal property in 1900. Iu tbe case of the 23rd Street Ry. Co. he reduced the taxable personalty for 1900 from $1,500,000 to $200,000.—Y. 76, p. 213, 102. Netherlands Tramways Corporation.—This company, re cently incorporated in Connecticut with $3,500,000 capital stock, controls through ownership of the entire capital stock of the “ Electrische Spoorweg Maatichappy ” all the street rail ways in the city of Haarlem, Holland, consisting of part horse and part electric lines, and will equip the former with electric ity. It has also purchased a road running from Haarlem, 5% miles to Zandvoort, on the North S9a, the second largest Dutch seaside resort. Franchises have been obtained and contracts let for building a double electric railroad from the centre of Amsterdam to Haarlem, a distance of 12 miles. Tbe Dutch company above named has sold in Holland $3,C00,000 of its 4 p. c. bonds. The proceeds from the sale of these bonds and from tbe subscriptions to the stock of the Netherlands Tramway Co. will meet the cost of the new con struction, improvements, etc. The stock of the Connecticut corporation consists of $1,500,000 5 p. o, cumulative pre ferred and $2,000,000 common. Directors: The company Is Incorporate! under the laws of the State of Kansas for the purpose of constructing and operating a belt line road, which Is mnoh needed in order to relieve the extreme congestion that now Henry J. Pierce, W. Caryl Ely, Charles W. Goodyear, and Pendennls exists In Kansas City, and to afford an entrance Into Kansas City for White " f Buffalo; William B. R anklneof Niagara Fal's; G. L. Bolssethe Kansas City Mexico «fc Orient Ry. An ordinance was passed by valn, F. S Smlthers. W. W. Halsey, J G. White and James M. Edwards the City Connoll of Kansas City. Kansas, on Jan. 13.1903, granting a of New York, and M. J. Boissevaln of Amsterdam Holland. franchise to the company for the use of the streets of that city The The President is Henry J. Pierce; Vice-President, G. L. line wlllfollow the only available route for a road o f its charaoter. and will connect directly with all railroads entering Kansas City, ex Boissevain; Secretary, W. Paxton Little; Treasurer, Edwin cepting one (the Chicago & Alton) and arrangements are being made Henderson. Kean, Van Cortlandt & Co., 26 Nassau St., are to connect with that. . A contract has been entered into with the Kansas Oity Mexico & the company’s fiscal agents. Orient Ry. Co. for the use of these terminals upon terms tb it, with New York Central & Hudson River RR.—Officers.—John other business iu sight, assures revenue suflloient to meet all oharges and will leave ample facilities to aoooiuiuodate additional lines that Caretensen, the Comptroller, and William J. Wilgus, the may seek an extranee Into Kansas City. The road will be so con Chief Engineer, have been advanced to the p'siti ms of Fourth structed ss to offer facilities for oertaiu suburban eleotrio roads that and Fiith Vice-Presidents, respectively, with offices in this are promoted In the oountry surrounding Kansas City. The short length (7 miles) of the main double track from North city. Mr. Carstensen will have supervision of the account Kansas City to the Kaw Valley on the west, where the line oonneots ing department. The office of Comptroller has been abolished. with the Union Paclllo, Rook Island and Santa Fe railroads, com Marshall L. Bacon has been made Auditor, a new office. mends the enterprise to those familiar with the looal situation. At Terminal Improvements.—Three bills providing for the either end oomtuodlous yards will be provided, the land for which has already been scoured. The short length and low grades will enable improvements of the New York terminals, as agreed upon the company to operate at very light oost—estimated at about 30 per with the city (see V. 76, p. 266), have been introduced in the cent of the gross earnings. About four-tifths of the right of way has State Legislature. The company is allowed till May 1, 1908, been purchased by the Belt Hue during the last six months. A bill to complete the work, bat expects to have it finishtd by May granting the right, to bridge the Missouri River has recently been passed by Congress. The road will be built wlth.90-pound rails, tie- 1, 1906. The proposed legislation will permit the company, if plates and cresoted ties. it so desires, to “ erect a building not entirely devoted to The company has authorized the issue of $3,000,000 first mortgage 4 per cent, gold bonds, $2,250,000 4 per oent preferred stock and $-',- railroad purposes, such as a hotel ” above the Grand Central 250.000 common stook. The proceeds of the $1,500,000 bonds now Station. (See page 102 of Railroad Gazette of Feb. 6.)—V. 76, offered for sale will be sulholent to build tbe main double-traok line p. 266, 159. and tbe bridge over the Missouri River. This will leave $1,500,000 o f Northern Pacific Ry.—Extra Dividend.—With the nsnal bonds in the treasury for future extensions and betterments. It Is estimated that not over $ 2 ,000,000 of the bonds will be needed to quarterly dividend of per cent there has been declared an THE CHRONICLE 332 extra dividend of ^ of 1 per cent, both payable Feb. 2 on stock of record Jan. 28. The extra dividend calls for $775,000.—V. 75, p. 1355. North Shore RR., California.—Earnings.—The results for the year ending Dec. 31 compare as follows: Tear— Grots. 1 9 0 2 ..................... $524,223 1901 ..................... 474,401 —V. 74, p. 1252. Net. $183,986 102,636 Int. and taxes. B al.,su r. $124,320 $59,666 98,006 4,630 Panama KR.—See Panama Canal Co. under Industrials below.—V. 75, p. 550. Pennsylvania RR.—Option to Convert.—Holders of the $50,000,000 3V£ per cent 10-year gold convertible bonds are offered by advertisement on another page the privilege to convert the s m e into capital stock at $70 per $50 share be tween March 16 and 12 m . April 4, The bonds may be de posited with the Treasurer at the Broad Street Station, Phil adelphia, or at the sub-office, 85 Cedar St., New York, or with the London Joint Stock Bank, Limited, Princes St,, London, E C., England. Receipts will be issued exchangable for certificates of stock bearing date May 9, 1903. Due notice will be given when the certificates are ready for delivery. The bonds must carry all coupons except No. 1, due May 1, 1903, which should be detached. This privilege does not affect the right of any holder of these bonds, who does not avail himself thereof, to convert the same into capital stock on and after May 1, 1904, in ac cordance with the terms of said bonds. Fast Train Withdrawn.—Owing to the freight congestion, and to facilitate its relief, the company on Friday withdrew its fast train between New York and Chicago, the last trip being made on Thursday. Conditions, it is announced, are already greatly improved, and the system is prepared to handle all classes of freight, including hay, lumber, grain and ore, on which an embargo was placed several weeks ago. The movement, however, is not up to normal rapidity.— V. 76, p. 266, 213. Pere Marquette RR.—Earnings.—The results for the cal endar years 1902 and 1901, it is stated, compare as follows: [VOL. LXXVI. through Its franchise the only exclusive right of way to the suburbs, through the thickly settled resldeuoe portion of the city. Its system, reaches the World’s Fair Grounds and the principal summer resorts and places of amusement In and around Sc. L >uts. The 8t. Louis * Suburban Ry. Co.’s capitalization in bonds is $75,OOO per mile of road, and its fixed charges are $ a.760 per mile of road, being a capitalization In bonds of $ 11,000 and in fixed charges of $1,459 less per mile than Its competitor. The equipment and road bed are seoond to no other street railway oompany In this oountry. The mortgage securing this issue covers all rights, franchises, equip ment and properties of every kind o f the company, subject om y to the above underlying bonds, ample provisions for tne retirement of which are made under this mortgage. Interim certificates are ready for delivery and same oan he exchanged into bonds when same are engraved and properly executed, which will he within 60 days. Director*: Julius S. Walsh, President Mississippi Valley Trust Co.; Breckenridge Jones, Vice-President Mississippi Valley Trust Co.; William D. Orthwein, President Wm. D. Orthweln Grain Co ; 8. M. Ksnnard. President J. Kennard <fe Sou Carpet Co.; Harrison I. Drummopd. President Drummond Realty & Inves. Co.; C. Marquard Fors ter of Hyde Park Brewing Co.; Charles H. Huttlg, President Third National Bank; William F. Nolker, Treasurer St. Louis Brewing Assn.; Benjamin Altheimer of Altheimer & Rawlings.—V, 76, p. 266, 103. San Francisco Terminal Ry. & Ferry Co.—Bonds. —'The shareholders will vote April 4 on creating a bonded indebt edness to the amount of $6,000,000.—V. 75, p. 1303. Savannah Electric Co.—Earnings.—The results for the year ending Dec. 31 were: Tear— Cross. 1902 .......................$480,510 1901 ....................... 434,293 - V . 75, p. 78. Net. $212,518 169,300 Charges. $115,000 ............ Bal.. sur $97,518 ............ Southern Ry.—Due Date Determined.—It is authoritatively stated that the Southern Railway Co. will recognize as the due date of Charlotte Columbia & Augusta RR. Co. second mortgage 7 p. c. bonds Oct. 1, 1910, as shown on face of the bonds and by the coupons, instead of Oct. 1, 1902, as stated in the recorded mortgage.—V. 76, p. 213, 159. South Jersey Gas, Electric & Traction Co. (Camden, Etc.) —Consolidation—New M ortgage—The shareholders will vote Feb. 28 upon a proposition to make a mortgage for $15,000,000, of which $8,200,000 presumably to provide for the re tirement of the existing bonds at maturity. They will also vote on Feb. 28 to consolidate the following companies with Tear. 0>’oss. Net. Charges. Div on Pf. Bal ,Sur- the South Jersey Gas, Electric & Traction Company: 1902...........$9,955,375 $2,444,841 $1,610,948 $420,416 $413,477 1901........... 9,201,175 2,090,963 1,508,889 420,408 161,666 The net proceeds from land department ($21 765, against $50,000) raises the surplus for the two years to $435,242 and $211,666, respectively.—V. 76, p. 218, 48. Pittsburgh Carnegie & Western RR .—Ordinance Passes. —The Select Council of Pittsburgh on Feb. 2 and the Com mon Council on Feb. 8 passed the ordinance allowing the oompany to enter Pittsburgh after amending the measure to conform with the recent agreement between the company and the Pennsylvania RR. Co. The ordinance was subse quently signed by Recorder Brown. Construction will be pushed in the attempt to have freight trains running early next fall.—V. 76, p. 103. Reading Co.—Dividend Rate Restored.—A semi-annual dividend of 2 percent has been declared on the first preferred stock, thus restoring the rate to 4 per cent per annum, as previous to last fall, when a half-yearly dividend of 1 per cent was paid.—V. 76, p. 102. Rock Island Company.—Suit.—C. H. Venner & Co. of Boston, as stockholders of the Chicago Rock Island & Pa cific RR. (old company), filed a bill in equity in the State Circuit Court at Chicago on Jan 31 attacking the validity of the readjustment plan of last July (V. 75, o. 240). See Houston & Texas Central RR. above.—V. 76, p. 266, 159. St. Louis& San Francisco R R .—The City Council of New Orleans adopted on Feb. 4, by a vote of 14 to 3, the ordinance granting the St. Louis San Francisco & New Orleans RR. Co. the concessions and privileges asked by it for the purpose of entering New Orleans. Directors—At the annual meeting on Thursday the follow ing changes were made in the board,: Re eleotefi—James A. Blair, James Campbell, E. C. Henderson. H.C Pierce, B. F. Yoakum. 3. P. Cheney, Mark T. Cox, R. O. Kerens and Nathaniel Thayer. New M em bers-H . H. Porter, W. K. Blxhy, J. 8. Ford and J. T. Ful ton. Not Re-eleoted - George A. Madill, J. N. Sellgman, Frederlok Strauss and Richard Olney.—V. 76, p. 159,103. St. Louis & Suburban Ry.— Bonds Offered—Circular,— The Germania Truit Co. of St. Louis is offering: a block of the general mortgage 5s at 101*4 and interest. These bonds are 5 per cent, gold bonds, dated Nov. 1,1902, and dne Nov. 1, 1922; interest payable May 1st and Nov. 1st. Amount antborized, $7,500,000; amount outstanding, $4,200,000. A circular says: The amount outstanding of this mortgage was Issued for the pur. pose of retiring afl rating indebtedness ereated by the construction of a large additional mileage, reconstructing the old system and for e x tensive purchases of new equipment, $500,000 of same being held by trustee for future betterments. The residue of this Issue, $3,-100,000, Is held by the trustee for the retirement of the follow ing underlying securities: St. Louis & Suburban 1st mortgage 5s. due 1921, redeem able any interest day at 105 and Interest, $1,400,000; St Louis & Suburban inonme 5s, redeemable at par, $300,000; St Louis Cable & Western 6s, due 1914, $600,000; St. Louis & Merameo River 6s, due 1916. $1,000,000. The system, comprising the following roads, 8t. Louis & Suburban Ry. Co . St. Louis Cable & Western RR. Co., St. Louis <fc Merameo River RK. Co , St. Louis & Kirkwood RR. Co., Brentwood Clayton & St. Louis RR. Co., oontrols through these oompantea over 100 miles of electric railway In St. Louis and suburbs. It Is the only system re maining out of the United Railways oomolnatlon. Besides covering many of the main thoroughfares of the olty and having loops and terminals In the center of the business district, the oompany oontrols Bordentown Gas Light Co., I Stockton Eleo. Lt. & Power Co., Burlington Gas Light Co.. |Camden Gas Co., Beverly City &Twp. G as& W . Co., I Suburban Improvement Co., RivershoreGas Co., |Gloucester City Gas Lt. Co. —V. 74, p. 428. Tennessee Talley Iron & RR.—5aZe.—Pittsburg parties are understood to have purchased for about $250,000 this company’s 71,000 acres of iron and timber lands in Wayne County, Tennessee. The purchasers, it is said, will bnild a railroad from Waynesboro west to Selmer, Tenn., about 20 miles.—Y. 75, p. 506, State Line & Snlllvan RR.—Lease.—The shareholders will act Feb. 24 on a proposition to lease the coal lands of the company to a syndicate which will operate and developthem. The coal lands so to be leased comprise abont 5,000 acres in Sullivan County, whose product is anthracite ooal. —V. 74, p. 479. Wabash RR.—Ordinance Passes.—See Pittsburgh Carnegie & Western RR. above. Purchases. —The company has recently purchased two of the short lines which at the reorganization in 1889 were taken over by the “ purchasing committee,” viz. : Champaign & Southeastern, Sidney to Champaign, III., 12 miles (see that company above); Attica Sc Covington RR , Attica to Coving ton. Ind., 15 miles. This last was purohased at sheriff’s sale on Jan. 22 under a judgment of $151,000.—V. 76, p. 214. INDUSTRIAL. GAS AND MISCELLANEOUS. Adamson Stock Car Co.—Stock In crea sed .—This New Jersey corporation has increased its authorized capital stook from $125,000 to $2,500,000. Amalgamated Copper Co.—See United Metals Selling Co, below.—V. 75, p. 1204. American Bicycle Co.—Instalment Called.—The reorgani zation committee, William A. Read, Chairman, gives notice that the second instalment of $3 per share on preferred and common stock is called for payment at the Central Trust Co. on or before Feb. 16.—V. 76, p. 267, 160. American Car & Foundry Co.—Earnings.—The actual earnings for the quarter ended Nov. 30, 1902, reported this week were $2,152,245, contrasting with $2,150,000, the estimated figures given out some weeks ago. The total sur plus Nov. 30, 1902, was $8,970,414 —Y. 76, p. 160, 104. American Gas Co.—Guaranteed Bonds.—See Kingston (N. Y ) Gas & Electric Co. below.—V. 76, p. 267. American ( Bell) Telephone & Telegraph Co.—Importance o f Pupin Patents —The first authoritative statement as to the practical working of the Papin relay system in long distance telephoning, the United States patents for which were purchased by the American Telephone & Telegraph Co., comes from Germany, where careful tests have recently been made. The system consists in the attachment of small induction coils to the wire, these coils in the trial between Berlin and Potsdam, a distance of 19% miles, with a cable con taining 28 double conductors of copper, one inch in diameter, being placed on each conductor at intervals of 4,200 feet. The improvement in the transmission of speech was very marked, as it was also in the case of overhead wires between F e b r u a r y 7, 1903.] THE CHRONICLE 333 The significant fact about these teats lies in the full proof which they afford of the correctness o f Professor Papin’s theoretical compu tations. In every instance the Introduction of colls o f the size deter mined by calculation at points indicated by the theory resulted in either a great increase iu the volume and distinctness of articulate sounds transmitted, or permitted a corresponding increase in the dis tance of transmission to be effected. As a result it has beoome alto gether possible to provide entirely satisfactory telephonic communica tion between Paris and at. Petersburg, or between Berlin and London. An entirely new phase In the development of long-distance telephony has been inaugurated, and important results must oertalnly follow. As to trans-Atlantic telephony the prlnoipal difficulty appears now to be that of plaelng and securing ,the induction coils, but after experl enoe has been had with shorter oables this meohanloal problem will doubtless be overcome. (Compare Y. 72, p. 677.)—V. 76, p. 214, 160. American Pnemnatic Service Co.—Circular.—The direc tors have caused a circular to be sent out explaining the po sition of the company and stating that on account of neces sary outlays for new construction they have unanimously voted to defer 'a»1icn upon the payment of a dividend on tte preferred sto •jfo r the present.—V. 76, p. 49. American Strawboard Co.—Earnings.—See United Box Board & Paper Co. below.—V. 74,;p.J1144. 8 months. lx $ l,977,328 309,886 Total........ ...................................... ....... ....... $200,506 Bond In terest.................................... ............... $33,108 8,872 ueDeral Interest................................. ............... Coal lease............................................. 4,167 Sinking fund........................................ ................ $2,287,215 $265,376 112,225 x l , 333,333 33,333 Total................................................ Net ea rn in g s...................................... ............... $21,026 Preferred siook d iv id e n d ................. ............... 29,168 $1,744,268 $54 2,948 233,334 Surplus.................................................. ............... $8,142 $309,613 x Ten months.—V. 76, p. 215. Elgin National Watch Co.—New Stock.—The sharehold ers will vote March 3 on a proposition to increase the capital stock from $4,000,000 to $5,000,000. It is supposed the new stock will be sold at par to the stockholders to provide for the recent large extensions and improvements and also pro vide for farther enlargement of the businees. The company is an Illinois corporation, with office at 76 Monroe St., Chicago. Directors: Bay State Gas Co.—Temporary Ivjunction.—Judge Lacombe in the United States Circuit Court in this city on Thursday, on application of Jacob Edwards, granted an or der for a temporary injunction, returnable Feb. 20, restrain ing the foreclosure sale of the securities pledged to secure the Boston United Gas bonds. The application was based on the ground that an artificial default in the interest upon the bonds had been brought about by the failure to declare dividends earned by the Boston Gas Companies, with a view to enabling the Massachusetts Gas Companies to acquire the securities pledged as collateral.—V. 76, p, 161, 104. Bell Telephone Co. of Philadelphia.—Listed.—The Phila delphia Stock Exchange recently listed $993,300 additional stock, making total listed $11,972,300.—V. 75, p. 668. Boston & Great Falls (Mont.) Electric Light & Power Co.—Offer.—The officers advise the stockholders to accept an offer ot $25 per share which has been made for the stock of the company. The offer is open until Feb 14. Brazoria Rice & Irrigation Co.—Sate.—This property, in cluding 17,000 acres of land and other property in Brazoria and Fort Bend counties, Texas, was advertised to be sold on Feb. 3 at Richmond, Tex., under foreclosure of mortgage securing $100,000 “of 8 p. c. bonds due JaD. 1, 1907; upset price $150,000. There were also outstanding judgments amounting to $50,000 and interest and $10,000 receiver’s certificates. Casein Co. of America.—Status.—Henry A. Crosby, Broad Exchange Building, who is offering at par and interest a block of the 8 p. c. cumulative preferred stock (preferred as to assets and dividends, total issue $1,0C0,000), says: The oompany was organized in Jane, 1900, and took over the busi ness and patents ot IWllliam A. Hail ot Bellows Falls. V t ; also the Nat. Milk Sugar Co. of Vermont, as well as other companies. Casein is need as a substitute for glue and in the manufacture of varnish; as a binding material and substitute for linseed oil, In the manufacture of paints; as a substitute for varnish, shellac and lacquers, and many other uses too numerous to mention here. For the year ending Dec. 31,1901, gross sales, less allowances, $1,327,923; gross profits, in oluding royalties, $300,955; net earnings, $158,089. A fterpaym ent of 8 p. o. on the preferred stock then outstanding the operations for the year 1901 showed a surplus of $111,878. The earnings for 1902 have been very large, amounting for the eleven months ending Nov. SO, to $1,599,309, against $1,280,865 for 1901, an Increase of $368,444 December. 44,851 the places Darned and between Berlin and Magdalen, 90 E»ri/!ngs ooal department ............... Earnings steel'departm ent............... ............... miles. The Engineering Magazine” saye: . A. O. Gartlett, Henry A. Blair, C. H. Hulburd, E. A. Hamill, George H. Laflin, M. A. Ryerson, George T. Smith. The stock is quoted at about $2,200 bid and $2,500 asked per share of $1,000 par value.—V. 72, p. 875, Fairmont Coal Co.—Earnings.—A circular issued by Harvey Fisk & Sons offering $250,000 of the $6,000,000 first mortgage 5s, contains the following statements of earn ings for the year ended June 30, 1902, and the 11 months ended Dec. 31, 1902: Period. Net. 1901-02 (year)...... $1,069,658 1902 (11 months).. 1,345,957 Interest. $258,941 320,485 Sink. fund. $81,843 73,567 Bat., surp. $728,874 951,905 AddiDg the estimated surplus for December ($121,000) makes the total surplus fo r 1902 approximately $1,073,000. Community o f Interest.—A letter signed by President C. W. Watson says: The community of Interest recently established between the Fair mont Goat Co., the Consolidation Coal Co. of Maryland and the Somer set Coal Co. of Somerset, Penn., was brought about by the purchase on the part of the Consolidation Coal Co. of large blooks of stook of the said companies; the stockholders of the purchased companies In turn largely re-lnvested this purchase money In shares of the Consolidation Coal Co. stock A large blook of the Consolidation Coal Co. stook ie owned by the Baltimore & Ohio RR , and Is considered one of the most valuable assets of that company. The community of Interest thus established should greatly facilitate the marketing and delivery o f Fairmont coal, (since ihe Consolidation Coal Co. has a very large ocean-going fleet, part of whioh can be used in transporting the coal of the acquired companies. The product of the Consolidation Coal Co., being a nigh grade smithing and steam ooal. Is la no way com peti tive with the Fairmont coal. The Baltimore & Ohio RR. Co. has a contract for the delivery early this year of 100 large freight engines, which should enable the Fairmont Ooal Co. to market during 1903 over 5,000 OOO tons of ooal; and through onr control of the Northwest ern Fuel Co., with all Its fine docking facilities, we feel assured that we shall have a market for all the ooal the Baltimore <fe Ohio R R . Co. oan transport.—V. 76, p. 105. Fort Pitt Natural Gas Co.—S oli.—See Manufacturers Light & Heat Co. below.—V. 70, p. 742. General Fire Extinguisher Co.—Stock Increase.—The shareholders will meet Feb. 14, at the office No. 45 Cedar St., to increase the capital stock from $2,000,000 to $2,500,000. The par value of shares is $100 each. Frederick Grinnell is President and Frederick W. Hartwell, Secretary. International Mercantile Marine.—Officers.—The follow ing officers are announced: President. Clement A. Grlscom; Vice-President In Great Britain, Clinton E Dawkins; Vice-President in America.* Philip A. 3. Frank lin; Treasurer, James 8 . Swartz; Assistant Treasurer, James F. FahnestooK Jr.; 8 eoretary, Emerson E. Parvln; Assistant Secretary, James J. Hope; Assistant to the President and Manager insurance department, Rodman E. Griscom; Comptroller, Monroe W. Tlngley, General Counsel, Franols Lynde Stetson.—V. 76, p. 269. William A. Hall is President.—V. 73, p. 186. Chicago Pneumatic Tool Co.—Earnings.—A press dis patch from Chicago reports the results for the year ended International Power Co.—Attachment Upheld.—The A p Dec. 31, 1902, as follows: pellate Division of the Supreme Court recently sustain d the N et P rofits. In terest. Sink. Fd. Deprec. D ividends. B al., 8urp. attachment for about $1,000,000 obtained against the com 1902.$897,059 $115,OoO $50,000 $165,089 (8%)$453,263 $113,707 pany by John F. Plummer in connection with 8,000 shares of Total quick assets, $1,249,862; current liabilities, $401,529. stock in the American Locomotive Co. The original $3,000,- V . 75, p. 1149. 000 suit was thrown out of court. See also V. 75, p. 1305. Keystone Watch Co.— Listed.—The Philadelphia Stock Consolidation Coal Co. of Maryland.—Official Statement Exchange has listed $400,000 additional common stock, —See Fairmont Coal Co. below.—V. 76, p. 105. making total listed $2,200,000.—V. 74, p. 730. Consolidated Lake Superior Co.—Listed.— The Philadel Kingston (N. Y.) Gas & Electric Co.—Bonds Offered.—L. phia Stock Exchange recently listed $481,000 additiona W. Pomares of this city offers at 102^ and interest $100,000 preferred stock and $897,800 additional common stock first mortgage 5 p. c. $1,000 gold bonds, dated July 1, 1902. making total on list $27,406,500 preferred and $73,961,500 and due May 1, 1952, but subject to call after 10 years at 107 common.—V. 76, p. 215, 50. and interest; Atlantic Trust, Co., trustee. Interest payable Cotton, Oil & Fibre Co.—Listed.—The Philadelphia May and November: principal and interest guaranteed by Stock Exchange recently listed $476,220 preferred stock in American Gas Co. of Philadelphia. A circular says: Amount authorized, $700,000; amount of this issue, $550,000; re shares of $15 each, full paid, and has stricken from the list served for future Improvements, $150,000. The Kingston Gas Co. $897,825 preferred stock in $25 shares with $15 paid in.—V. was formed in 1892. The plant has been owned by the American Gae 72, p. 482. Co. for about two years, and in that time has been thoroughly over Diamond Match Co.—New Director.—C. H. Palmer has been elected a director to succeed Edwin Gould, resigned. Report.—The results for the year ending Dec. 3L were : hauled and at the present time is thoroughly up to date in every respeot. Population o f Kingston In 1900 was 24,53?; It probably ex ceeds 26,000 at this time. The earnings this year will exceed $40,000. A prior mortgage of $33,000 is to be taken up, bonds of 1902 being reserved for this purpose.—V. 74, p. 1093. Leicester & Continental M ills Co.—Called Bonds.— Twelve bonds aggregating $10,000 of the $250,000 issue were payable on Jan. 26 at the Provident Life & Trust Co., Phila Dominion Iron & Steel Co. —Earnings.—The following delphia. statement covers the mouth of Deoemoer and the eight Mannfactnrers’ Coal & Coke Co.—Directors. —The annual months (except coal department ten months) ending Dec. 31, election was held at Kansas City on Jan. 27, and the follow ing were elected directors: Tear. Net. Dividende. Balance. Prev. sur. Total stir. 1902.. $1,957,674 (10)$1,500,000 $457,674 $1,736,919 $2,194,593 1901.. 2.021,072 (10)1,482,787 538,285 1,198,634 1,736,919 —V. 75, p. 293. THE 334 C H R O N IC L E . [ V o l . L X X V I. John W. Gates, Jno Lambert and Jas. Hopkins, Chicago, 111.; A. E. Harper, Oonnelsville, Mo ; H. H. Kendrlok, E. F. Swinney and H. F. Reddlg, Kansas City, Mo. date of ratification and continuing “ daring the life of this convention.” The offer of the United States originally A. E, Harper was elected President, H. F Reddig, Vice-was $7,000,000 and an annuity of $100,000, to begin in President; J. H. Lacey, Secretary, and W . N. Holmes, fourteen years and to be increased later on. The treaty provides tnat the Panama RR. Co. (and the United States as Treasurer.—V. 75, p. 1402. owner of the enterprise) shall be free from the obligations Massachusetts Gas Companies —Temporary Injunction.— imposed by the railroad concession, excepting as to the pay See Bay State Gas Co. above.—V. 76, p, 161, 1U6. ment at maturity by the railroad company of its outstand Michigan Steamship Co.—Bonds Offered.—The Detroit ing bonds, The Colombian Congress will act on the treaty Trust Co. is offering at par and interest first mortgage 5 p. c. early in March.—V. 76, p. 215. $1,0(10 coupon bonds, dated Jan. 1. 1903, interest payable Jan, Pittsburgh Coal Co.—Payment o f Bonds.—The company 1 and July 1, at the office of the Detroit Trust Co., trustee on Feb. 2 paid off the first series ($600,000) of its $6,000,000 under the mortgage, subject to prepayment upon payment short-term collateral 5 per cent bonds of 1902 —V. 76, p. 269, of a bonus at the rate ol 1 per cent for each year, or fraction 216. thereof, from date of prepayment to maturity. A circular Pittsburg Plate Glass Co.—Report.—The report for the says: year 1902 shows profits of $1,251,347 (contrasting with $1,503,These bonds are part of an Issue of $100,000, seoured by first m ort gage on six steel steamships valued at $1,550,000. The vessels will 638 in 1901); dividends, $739,948; balance, surplus, $511,399. be insured against ioss by fire, perils of the sea, collisions, explosions, —V. 74, p. 725. etc., eto., with loss payable to Detroit Trust Oo., trustee, for the bond Postal Telegraph-Cable Co. o f Texas.—Guaranty A s holders, to an amount equal to at least twice the par value of the bonds. The $400,000 of bonds mature as follows: $75,000 on'Jan. 1 , sumed.—See Western (Bell) Telephone & Telegraph Co. 1901; $115,000 on Jan. 1, 1905; $105,000 on Jan. 1,1906; $105,000 below.—V. 74, p. 430. on Jan. 1. 1907. Directors are: Arthur Hill, Saginaw, Mich. (Presi Richmond (Va.) Telephone Co.—Sold.—See Southern dent); Charles W. Hogan, New York City (Vice-President): James Jerome, New York City (Secretary and Treasurer); D. W. Briggs and (Be 1) Telephone & Telegraph Co. below.—V. 75, p. 1403. Thomas A. Harvey. Saginaw. Michigan; Samuel Holmes. New York Southern (B ell) Telephone & Telegraph Co —Purchase of City. The steamships range from 270 to 400 feet in length, their names being: Roma,Washtenaw, Argyll, Mackinaw, Leelanaw, Lansing. Independent Company's Property.—The City Council of Rich mond, Va., on Jan. 26 gave its assent to the sale of the prop .Minneapolis General Electric Co.—Earnings.—The re erty of the Richmond Telephone Co. to the Southern (Bell) sults for the year ending Dec. 31 were: Telephone & Telegraph Co. Accordingly on Jan. 30 the Tea)— Gross. Net. Charges. D iv .on p ref. Bal.,sur. property of the Richmond Telephone Co. was offered at fore 1902 ............$500,586 $235,142 $98,409 (6) $45,000 $91,733 1 9 0 1 ........... 425,164 203,138 97,048 (6 ) 45,000 61,087 closure sale and was bid in for $10,000 by Warner Moore, Bonds Offered.—Lee, Higginson & Co. are offering $200,000 acting as the agent of the Southern Company. The purchaser assumed the outstanding indebtedness. On Feb. 28 the Rich mortgage gold 5s at 104 and interest,—V. 74, p, 481. mond Company will discontinue business.—V. 75, p. 1403. Mnncle (In d.) Gas Light & Fuel Co.—Consolidation.— Standard Underground Cable Co.—Report.—'The report This company has been organized in Indiana with $1,000,000 presented at the recent annual meeting showed: of authorized capital stock as a consolidation, it is said, of Calendar Total Dividends Total Surplus the Mancie Natural Gas Co,, the Wabash Oil & Gas Co. and Tear. Business. Paid (10%). December 31. the Muncie interests of the American Water Works & Guar 1902............................................$3,984,531 $154,862 $760,350 150,000 517,337 antee Co. of Pennsylvania The incorporators include 1901............................................ 3,339,673 Albert E. Needham, Frank Sowers, etal. The consumption of copper wire during the year was Narragansett Electric Lighting Co., Providence, R. 1.— 8,700,000 pounds and of lead 18,126,000 pounds. The old New Debentures.—The shareholders voted on Jan, 28 to issue directors (V. 74, p. 430,) and rfficers were re-elected. Regard $1,000,000 new debentures to take up indebtedness and pro ing the new plants, etc., see V. 76, p. 107. Union Steel Co.—Control Transferred.—See United States vide for additions, There are outstanding $2,000,000 stock in $50 shares (receiving 8 p, c. per annum); also $1,000,000 Steel Corporation below.— V. 76, p. 107. of $50 debenture certificates. (V. 72, p. 286.) The new United Box Board & Paper Co.—Earnings.—The Ameri debentures are to be issued so 1hat stockholders and holders can Srrawboard Co,, it is stated, reports its gross profits for of outstanding debentures will share alike in the increase in the calendar year 1902 as $479,456, contrasting with $300,725 the proportion of one to three. The board of directors now in 1901; net profits, $279,710, against $63,445.—V. 75, p. 1358. includes: United Gas Improvement Co.—New Stock—Option.—The Marsden J. Perry, Daniel A. Peirce, William W. Douglas, James M. shareholders will vote May 4 on a proposition to increase the Ripi*»y, Fenner H. Peckham, William A. Walton. Arthur H Watson, H Martin Brown. George L. Shepley, Samuel P. Colt, George H. Rob capital stock by 30 p. c.. namely from $28,250,000 to $36,725,000, by sale of $8 475,000 new stock at par to shareholders of inson and Howard O. Bturges. The last three being new directors: Negotiations.—Negotiations for an amalgamation with the record at a time to be hereafter announced. The “ Philadel Providence Gas Co. were undertaken some weeks ago by the phia Record” says: The $3,475,000 of]new money thus acquired will be used to develop following committee, and are understood to be still in pro and Improve properties in New England recently taken over by the gress: Col. S. P. Colt, Dr. Fenner H. Peckbam, Arthur H. company, particularly the lighting and trolley systems In and about Watson, Howard O. Stnrges, Judge Douglas and Geo. H. Providence, R I., which are to be thoroughly rehabilitated, as will be Robinson. The ultimate result will probably be the transfer several large plants in Pennsylvania, notably the gas works at Har of the operation of the ligbtiDg plants to the United Gas & risburg. 8 ome new extensions are planned elsewhere, but for obvious Mr. Dolan declined to designate) the plants to be acquired or Improvement Co. of Philadelphia, which already controls reasons the trolley roads to be merged. the street railroads included in the Rhode Island Co. See There has been talk of a possible transfer to the Improve United Gas Improvement Co. below.—V. 74, p. 580. ment company of the Narragansett Electric Light Co. (see National Lead Co.—Amendments to Charter.—The share above) and tbe Providence Gas Co, (V. 74, p. 1200,) both of holders will meet Feb. 19 to act upon amendments to the Providence, R, I.; bnt at last accounts the project was still in the air.—V. 75, p. 984. charter as follows: To make the charter perpetual; to enable directors to change the United Metals Selling Co.—Earnings.—The “ Boston location of the office when desired; to change the date of the annual meeting from February to April; to permit the redemption of the pre News Bureau ” recently said : ferred stock at not less than par; and generally to give to this com pany the broadest powers ana privileges provided by law. See V. 76, p. 215,162. New Central Coal Co. o f Maryland.—Dividend.—The directors have declared a dividend of 2 per cent on the capital stock, payable to stockholders of record on March 2, 1903. This is the first dividend since April, 1900.—V. 71, p. 700. New England Telephone & Telegraph Co.—Earnings.— The results for the year ending Dec. 31 were : Cal’d’r Gross year. earnings. 1902....... $6,024,609 1901....... 5.177,412 —V. 74. i>. 1312. Net (over ini , mainten’ce, etc.) $1,168,769 1,037,483 Dividends. (6)$1,108,726 (6)947,406 Balance, surplus. $60,043 90,077 Ohio Fuel Supply Co.—New Stock.—The shareholders will vote Feb. 10 on a proposition to lssne $175,000 of treasury stock. The “ Cleveland Finance” says: The company has recently acquired a controlling interest in a 3,500acre tract of land containing a gas well near the 10,000 acres re cently purchased In Knox County. Ohio. It has also purchased the gas plant at Seneoaville, Ohio, and Is building a gas line to Frederickstown, 6 miles from Mt. Vernon. The proceeds of this treasury stook are to be be used lor these Improvements. The company, we understand, earned about 20 p. c. for 1902 and deolared about one-half of Its net earnings as a dividend of 10 p. o. The company paid a dividend of 5 p. c. out of 1901 earnings (al though it was not declared until Maroh, 1902), and 15 p. c. In 1900, the first year of Its existence. The $5,000,000 stook Is all held by Amalgamated insiders but not by the Amalgamated Oo., although the larger share of Its profits Is derived from the sale of the output of the Amalgamated companies. The stock was subscribed at par. $100 per share. Upon total sales of 545,000,000 lbs. of copper in 1902, the com pany derived net earnings of $ 1,000,000 in round figures, or a frac tion under 2 p. c. of sales. The company’s obarges are from Ha p. o. to 2h2 p. o. for selling copper. Most of its oontraots are upon a 2-p. o. basis, although the Bigelow companies have been paying as high as 2*3 p. o. The major part of the Amalgamated output is understood to be sold upon a commission of Ha p. o.—V. 70, p. 284. United States Steel Co. of Everett, Mass.—Dividend Passed.—The company passed its January quarterly dividend of 3 per cent in order, the directors state, to increase work ing capital and make improvements to the plant. Of the $3,000,000 capital stock about $2,000,000 is said to be out standing; par value of shares, $5. The company has for the past three years advertised widely its process of manufac turing “ Jupiter ” steel from steel scrap or refuse by patented processes.—V. 70, p. 1094, United States Steel Corporation.—Judge E. H. Gary, Chairman of the executive committee, announces that under the profit-sharing plan the stock was subscribed for as fol lows, the books having closed Jan. 31: 27,633 men subscribed for 51,125 shares, including: Panama Canal Co.—Treaty—The Colombian treaty which is before the United 8tates Senate was published nearly in full in the “ Journal of Commerce and Commercial Bulletin” Annual No. o f Prcf. Stock of Jan. 26. The treaty provides that the United States shall Subscribers. Subscribed. pay to Colombia $10,000,000 on the exchange of ratifications, Claes E ................. $800Salaries to $2,500 14,260 $2,901,300 and $250,000 annually, beginning nine years after the Class F .................. 800 or less 12,170 1,503,800 Amount Allotted. 90 p. o. 100 p .o . F e b r u a r y 7, 1903.] THE CHRONICLE 335 Commercial Times. . Class D. will receive 80 p.c. .class C 70 p.c., class B, 60 p.c., A 50 p. c., of the stock for which these respective classes sub T h e scribed. Orders.—The last weekly report of the constituent com C OM ME R Cl A L E P I T OM E . panies shows an aggregate of orders of 5,509,000 tons, the F r id a y N i g h t , Feb. 6 , 19( 8. largest in the history of the organization. The bookings in Business in the commercial markets has been active, there structural material, plates, rails and wire are heavy; so also being few lines in which merchants have not been busily en has been the movement in tin plate during January. gaged in booking orders for forward deliveries and making The orders contrast as follows : Date. Feb.l, 1903. Dec. 31,1902. N ov. 1,1902. ; D ec.8 1 ,1901. N ov. 1,1801. shipments on outstanding contracts. An exception to general business activity has been sugar, the trade waiting for the T o d b .. 5 , 5 0 » , 0 0 0 5 ,3 4 7 ,2 5 2 4 ,9 6 8 ,0 0 2 4 ,4 9 7 ,7 4 9 2 ,8 3 1 ,6 9 2 Favorable Decision.—In the Hodge suit at Trenton, N. J., Senate to take action on the Cuban reciprocity treaty. on Thursday the New Jersey Court of Errors and Appeals Owing to the dulness of their business, sugar refiners have unanimously reversed the decision of Vice-Chancellor Emery, found it necessary the past week to partially suspend who granted an injunction restraining the corporation from operations in their plants. In speculative circles prices for converting $200,000,000 of its preferred stock into 5 per cent cotton have shown an advancing tendency, and for the first bonds. Friends of the company claim that no further appeal lime in many weeks there has been a firmer market for can be taken, but express no opinion as to the likelihood of coffee, the advance being based on an unexpected improve ment in the statistical position. the conversion plan being carried out. In Possession.—The examination of the books of the Union February 1, January 1, February 1, Steel Co. and the Sbaron Steel Co. having proved satisfactory, Stocks o f Merchandise. 1903 1903. 1902. the properties of the two companies were on Feb. 4 formally turned over to the Steel Corporation.—V. 76, p. 107, 99. Lard......................... 4,896 6,012 9,818 3,901 2,302 robaoco, domeatio . ..........hhde. 2,440 Western (Bell) Telephone & Telegraph Co.—Bonds Coffee, Rio.............. 2,111,140 2,ISO,999 1,789.459 Guaranteed.—This company now owns all of the $1,200 000 Coffee, other............ 110,654 184,604 133,365 124,414 103.631 134,618 capital stock of the Postal Telegraph-Cable Co. of Texas. Coffee, Java, &o....... Sugar....................... None. None. None. By vote of the directors on March 15. 1902, the guaranty of Sugar....................... 46,423 56,701 30,693 interest and sinking fund of the $1,189,000 first mortgage 5s Molasses, foreign... None. None. None. 32,500 34,600 21,800 of said company by the Erie Telegraph & Telephone Co. was aides....................... .............No. 162,472 159,061 119,944 Cotton..................... formally assumed by the Western T & T. Co. H. W. Poor Rosin........................ 31,897 38,876 39,565 & Co. are offering a block of the guaranteed bonds at 101 Spirits 1,222 1,116 1,369 turpentine.. .......... bbls. 762 2,099 493 and interest.—V. 75, p. 803. Tar........................... 7,800 10,000 2,600 Rice,E. I ................. .......... bags. Wheeling Steel & Iron Co.—Stock Dividend.—The direc Rloe, domestlo........ .......... bbls. 10,500 11.000 7,000 None. None. None. tors on Jan. 23 declared a stock dividend of 25 p. c., a regu Linseed.............. . 1,565 1,800 47 Saltpetre........ ......... lar quarterly cash dividend of 2 p. c. and an extra cash divi Manila 3,638 9,246 7,037 hemp........... dend of 2 p. c., payable the last of February. The new issue S isa l hemp............... 424 1,317 2.300 None. None. None. of stock makes the present capitalization, it is said, about Jute butts................ 84,000 98,900 63,300 Flour..................bbls. and sacks $4,200,000. The business of the past year was the largest in the history of the company.—V. 75, p. 687. Lard on the spot has been easier, but only a limited amount of business has been transacted, as the lower prices quoted —Colonel Jacob L. Greene, President of the Connecticut have not attracted buyers to any extent. The close was dull Mutual Life Insurance Company of Hartford, Conn., takes at 9’90c. for prime Western and 9’25@9'50c. for prime City. advantage of the opportunity presented in making the fifty- The demand for refined lard has continued quiet, although seventh annual report of the company to tell of its steady refiners have been sellers at lower prices. The close was progress and healthy growth. Colonel Greene holds that life quiet at lO'SOc. for refined for the Continent. Speculation in insurance has drifted altogether too much into speculative lard for future delivery at the Western market has been methods to satisfy those who believe that an insurance policy moderately active, and on buying from shorts to cover con is an instrument of trust for the beneficiaries of the insured tracts prices have ruled steady. The close was quiet. rather than a medium of speculation. The annual statement, DAILY GLOBING PRICES OP LARD FUTURES IN CHICAGO. which is published in another column, shows that upward of a Sat. M on . lu es. Wed. T h u rs. Fri. 9 42% 9 32% 9 40 93 7% million and a-quarter dollars were returned to policy-holders May del’y ............ 9 37% 9-35 July del’y ............. 9 20 9-17% 9-25 9-15 9 22% 9 20 in dividends during the past year, and yet there remains for The demand for pork in the local market has been limited future years and as a margin of safety over and above all to small jobbing orders and prices for mess have weakened possible liabilities a surplus of $6,379,992. slightly to $18 00@18 50. Cut meats have been quiet but —The statement of the Mutual Benefit Life Insurance Co., steady. The demand for tallow has been light but prices Newark, N. J., Frederick Frelinghuysen, President, pub have been steady at 6}^c. Cotton sead oil has been quiet lished on page x, gives some interesting facts concerning and easier, closing at 40@40]^c. for prime yellow. Butter this company’s operations It appears that of the $238,211,- has been in fair demand and firm. Cheese had a moderate 869 premium receipts to Jan. 1, 1903, over 83 per cent has asle at firm prices. Fresh eggs in smaller supply and firmer. been returned to policy-holders; its investments have yielded Brazil grades of coffee have been in fairly active demand sufficient returns to pay expenses and taxes and add $44,137,- and firmer. The world’s visible supply showed an unex 737 to the policy-holders’ fund for fulfilment of existing con pectedly large decrease during the month of January, and tracts; the company’s assets are over $4,400,000 larger than a this, coupled with an expected smaller crop movement, had year ago. The other details given are well worthy of atten a favorable influence upon the market. Tne close was quiet tion. at 5%c. for Rio No. 7 and 6)£@6%c. for Santos No. 4. Busi —The Equitable Life Assurance Society has jnst issued its ness in the market for West India growths has continued forty-third annual statement for the year ending Dec. 31, quiet. East India growths in limited demand at steady prices. 1902. The amount of new assurance written during the year Speculation in the market for contracts has been more active, reached the large amount of $281,249,944, as against $245,- the unexpected improvement in the statistical position stimu 912,097 in 1901, a gain of $35,337,857. The outstanding assur lating the buying for investment account. The close was easier ance Dec. 31, 1902, was $1,292,446,595. The gross assets are under disappointing European advices. Closing prices were: shown as $359,395,537, being $75,127,496 in excess of all F eb. 4 35o. |J u n e ................................ 4'65c. IOot.................... 4'95o liabilities. The income for the year was $69,007,012, as Maroh.___. . . . . 4-40o. |J u l y ............ 4'70o, N ov....... ............. 5 0 0 e‘ May 4 55o. |Sept.-—........ 490c. I D eo ............... 5-20o\ against $64,374,605 in 1901. Raw sngars have sold slowly, and under moderate offers —Lawrence Barnum & Co. offer to investors at 85 and prices have declined to 85gC. for centrifugals, 96-deg. test, accrued dividend, yielding 7 per cent, Madison County Gas and 3 3-16@3)^c. for muscovado, 89-deg. test. Refined sugar & Electric Co. of Oneida, New York, 6 per cent cumulative has been dull and lower, closing at 4’65@4 85c. per pound in preferred stock. The bankers point out that the surplus earn bbls. for granulated. Teas in fair demand and firm. ings of ibis company for the year 1902 were nearly double its Kentucky tobacco has been in fairly active demand, but dividend requirements, and that the estimated surplus earn owing to limited offerings and higher prices asked, business ings for the current year, based on contracts now on hand, has been held in check. Seed-leaf tobaccco has had a lim are three times the dividend requirements. ited sale in small lots and prices have been well maintained. —The statement of the Mutual Life Insurance Co. of New Foreign grades of tobacco in fairly active demand and firm. York is published in this issue. The income for the year was The trade demand for Straits tin has been very moderate, $73,305,022. The total disbursements were $44,150,307, of and owing to speculative manipulation the tone of the mar which $17,529,455 was paid for death claims aud $11 580,201 ket has been unsettled,closing steady at 28,75@28,97*^c. Ingot copper has continued to be reported in fair demand and w h s paid to polioy-holders for endowments, dividends, etc. The gross assets stand at $382,433,681 and the insurance in p-ices have advanced to 12 62^@12'87>£c. for Lake. Lead force is $1,342,912,062. has been quiet but steady at 4 l2^c. Spelter has advanced —Attention is called to the offering at par and interest of slightly, closing at 4'95@5,05c. Pig iron has been quiet and Duluth General Electric first mortgage six per cent bonds, unchanged at $23@25 f, r No. 1 Northern. Refined petroleum has been unchanged, closing at8’20c. in oee advertisement. bbls., 10'50c. in cases and 5 65c. in bulk. Naphtha has been —T. W. Stephens & Co., 2 Wall St., are offering New York unchanged at 9,05c. Credit balances have been steady at Cny gold 3% per cent tax-exempt bonds, to pay 3'25 per cent $1 50. Spirits turpentine has continued to advance, closing per annum. firm at 66*>£(g67c. Rosins have been firm and higher at $2 10 —The semi-annual statement of the Union Discount Co. of @2 15 for common and good strained. Wool has been in London is published in detail in another column of this issue. moderate demand and firm. Hops have been firm but quiet. 336 THE CHRONICLE C O T T O N . F r i d a y N i g h t , February 6, 1903. t h e C h o p , as indicated by our telegrams The M o v e m e n t o p from the South to-night, is given below, For the week ending this evening the total receipts have reached 193,389 bales against 184,317 bales last week and 233,381 bales the previous week, making the total reoeipts since the 1st o f Sept,, 1902, 3,021,507 bales, against 5,902,565 bales for the same period of 1901-2, showing an increase since Sep. 1, ’02, of 118,942 bales, iM iip i i at— Sat. Hon. FMM. Wed. Galveston.------ 8,618 12,859 17,803 9,051 ...... ...... ...... Bab. Pass, Ac. . . . . . . New O rleans... 13.121 6,278 13,836 13,358 762 722 273 M obile----------- 3,743 300 ...... ...... ...... Pensacola, Ac. Savannah____ 2,973 3,882 4,654 4,959 Brunsw’k.Ao ...... ...... ...... ...... Charleston----55 222 406 200 ...... ...... Pt. Royal,Ac. . . . . . . 832 644 W ilm ington.... 845 1,223 ...... Wash’ton, Ao . . . . . . ...... ...... N orfolk ______ 2,268 1,939 1,894 1,089 ........ ...... ...... N’p’t News, Ac. . . . . . . 337 100 160 50 New Y o rk ....... 314 860 1,036 B oston ............. 653 ...... . . . . . . ...... B altim ore........ 2 75 113 100 Philadel’ a, Ac.. Tkurt. Sri. foia: 6,512 63,738 3,479 3,479 7,840 61,981 124 5,815 4,387 4,087 6,743 26,519 3,628 3,6 28 1.490 462 ........ ...... 4,734 407 9 9 1,342 9,379 768 768 945 174 4.184 733 1,988 1,988 315 8,895 ...... 7,528 191 ...... 4,308 ...... 145 ...... 778 ...... 847 ...... 124 538 ...... 25 [ V o l . LXXVI. In addition to above exports, our telegrams to-night also live us the following amounts of ootton on shipboard, not sleared, at the ports named, We add similar figures for Hew York, whloh are prepared for our speoial use by Messrs, Lambert <%Barrows, Produce Exchange Building, OS SHIPBOARD, NOT CLEARED F O B — Feb. 6 at— L ea vin g stock . Ger Other Coast Great Britain Fr’nce many. For'gn wise. Total. 24,355 22,000 12,932 14,689 688 16.015 31,347 10,208 19,230 6,506 16,000 1,400 500 4,597 2,66*0 1,50*6 2,700 1,000 11,000 5,89*2 **50*6 2,360 6,000 4,000 74 751 83.306 17,400 5,097 6,200 12,000 8,752 10,000 256,097 138,176 101,453 14,313 16,439 19,557 141,340 70,369 Total 1903.. 69,762 53,937 29,140 43,276 21,394 217,509 787,741 Total 1902.. 74,483 27,538 43,152 31,672 17,656 197,501 Total 1901.. 42,529 23,311 34.086 26,979 25 664 152,569 696,873 827,244 fe w Orleans. G alveston . . . . ta v a n n a h .. . . Tharleaton. . . Mobile......... . Norfolk........... 'lew Y o r k .... other p o r t s . Speculation in cotton for future delivery has been fairly active. Comparatively little new interest, however, has been shown in the market by the outside public, most of the trad ing being reported as for the account of regular traders. As expected, the movement of cotton throughout the week has shown a considerable increase over the movement of the crop for the same week last year, when it was retarded by bad roads and unfavorable weather. Early In the week prices yielded a few points under the comparatively full re ceipts. On Wednesday and Thursday, however, the market Tot. this week 32,701 27,381 40,424 31,608 23,379 37,296 193,289 was firm and higher, due, it was generally reported, to more The following shows the week’s total receipts, the total since aggressive operations by local bull interests, stimulated, it Sept. 1,1902, and the stocks to-night, compared with last year. was stated, by strong advices from the South and Liverpool. Spinners were reported fairly free buyers of spot cotton in S tock. 1901-02. 1902-03. the Liverpool market, and the reports from the South stated B eeeiv tt to Shi$ Since Sep. This Sinee Sep. that there was a good demand from both exporters and 1903, 1902 Feb. 6 week. 1, 1902. week. 1 ,1 9 0 1 . spinners in the Southern spot markets at gradually harden G a lv e s to n ... 63,738 1,717,287 31,946 1,656.182 221,482 193,209 ing prices. The favorable reports of the condition of busi ness in the cotton goods trade also was cited as a factor fa Sab. P .,A o . 3,479 80,674 892 44,780 Mew O rleans 61,961 1,717,819 30,294 1,707,151 360.851 336,773 vorable to the market. Friday the market advanced early on continued buying by bull interests. During the after 5,815 179,088 3,520 138,969 22,639 M o b ile ......... 29,380 noon, however, this demand subsided and prices reacted a 2,037 161,203 .P’sa oola , Ac. 4,387 119,507 few points. The amount of cotton “ in sight” for the week S a v a n n a h ... 26,519 1,074,643 16,844 962,650 118,853 68,622 was slightly in excess of expectations, and advices were re 106,345 3,628 B r’ w lok .A o. 3,826 116,166 12,598 4,142 ceived from New Orleans predicting a free movement of 1,490 *199,541 19,410 C h arleston .. 3,290 230,781 12,665 Texas cotton to market during the next few months. Toward 221 89 P .R o y a l.A o . 1,463 the close, however, local bull interests again became aggres 4,734 7,607 299,647 W ilm in gton . 8,808 243,453 14,246 sive, and their buying, with only scattered selling, advanced 9 384 5 W ash’ n , A o. 375 prices, which showed a partial net gain for the day of 1@ 5 31,557 9,379 398.832 N o r f o lk ........ 7,249 363,764 40,955 points. Cotton on the spot has advanced, closing at 9'15c. 18,122 575 768 1,262 15,990 N’ p o rt N .,Ae 124 for middling uplands. 945 23,240 89,549 150,092 123,204 N ew Y o r k ... 3,418 The rates on and olf middling, as established Nov. 20,1902, 49,000 4,134 47,835 5,861 85,672 54,000 by the Revision Committee, at whloh grades other than B o s t o n . . . .. . 6,574 1,988 21,489 62,676 819 8,723 B a ltim o r e . . niddling may be delivered on oontraot.are as follows. 4,015 3,331 T o ta ls — 193,289 6,021,507 118,354 5,902 565 1,005,253 * 9,341 bales added as correction of reoeipts sinoe Sept. 1. 894,374 P b lla d e l.A c. 315 17,028 194 21,736 In order that comparison may be made with other years, we give below the totals at leading ports for six seasons. Beeeipte at— 1903. 1902. 1901. G a lves’ n .A o. New O rleans M o b ile .......... S a v a n n a h ... Ohas’ton , Ao. W llm ’ to n , Ao N o r fo lk ____ N. N ew s, Ao. A ll o t h e r s ... 67,217 61,961 5,815 26,519 1,490 4,743 9,379 768 15,397 35,838 30,294 3,520 16,844 3,379 3,813 7,249 1,362 16,155 43,391 46,294 3,003 22.376 1,006 3,448 4,142 246 20,529 57,866 57,878 6,667 41,800 10,149 5,939 13,373 791 17,908 29,595 36,198 5,042 15,459 2,482 1,481 11,783 478 23,958 40.126 74,275 10,849 22,146 8,643 3,829 9,713 346 30,939 l o t . th is w k. 193,289 118,354 144,435 212,421 126,479 200,868 1900. 1899. 1898. Since s e p t i 6021,507 5902,5*5 5515,100 19, 4.060 6980,614 7011 856 The exports for the week ending this evening reach a total of 210,801 bales, of which 77,079 were to Great Britain, 29,043 to France and 104,680 to the rest of the Continent. Below are the exports for the week and since Sept. 1, 1902. S x p o rte frem — W e e k B n d ln o F eb. 6 1903. E x p o r t e d to — G rsst fr* n te Brtt’ n . 17,553 20,305 26,275 G a lv e s t o n .... ......... ......... Ao. 28,430 H iw O r le a n s .. 88.203 3,719 7,801 K o b f i * .............. P e n s a c o la ....... 800 8,783 8,727 34,564 S a v a n n a h ........ 5,018 B r u n s w ic k . . . . ......... ......... ....... C h a r le s t o n . . . ......... P o rt R o y a l ... . ....... . 0.465 ......... W U m in a to n ... 8 N o r fo lk ............ ......... ......... N ’ p o rt N .. A c.. 10 8.59S 9,058 N ew Y o r k ....... 847 100 3,021 628 B a lt im o r e ....... ......... 800 P k lla d e ip h ia .. 2,579 Ban F ra n ., A c.. 330 Totsl ....... E x p o r t e d to — B reed OcntJ- T etsi t r e nee n<nt. W e e k . B rllm ln . 64,138 8ab. P a ss. ..... fr o m S ep t. 1, 1908, to F eb. 6, 1908. 62,704 11,528 4,083 43,291 5,018 ......... ......... 9,405 3 ......... 13,230 447 3,849 800 2,9.9 652,939 237,830 16.530 000,779 238,003 88,632 9,947 64.721 146,026 47,377 73,184 16,560 ......... 3,242 114,829 11.928 11,885 6,803 965 13-*,042 11,391 69 332 65,457 1,900 23.525 17,374 OentJ. n sn t. fs tc i 425,100 1,216,919 40,898 55,928 465,724 1,305,109 89,263 77 785 40,042 110,710 505,030 758.439 0,860 79,934 72,237 87,797 176.837 11.984 500 11\S29 1 576 21,647 1,800 108 800 293,899 35.297 7,208 259 755 70 903 79.004 24,825 124.240 77,079 29,012 104,080 210,801 1,933,04 2 502,636 2,091,189 4,530.807 T o ta l 1901-02.. 38,474 27,688 53,321 122,433 2,275,249 568 788 1,812,241 4,666,278 P a ir .................................. ,0 .1 *3 0 on Middling F a ir ....................... 0*96 on ttriot G ood M id d lin g ...... 0*62 on Good M iddling............ 0*44 on dtrlet Low M iddling___ _ 0*14 off Low M iddling........................ 0*38 off Strict G ood O rdinary . . . . . 0*72 off Good O r d i n a r y .................. 1*00 off G ood M iddling Tinged ..o . E ven Strlot G ood Bfld. T in g e d .. 0*80 on Strict M iddling T in g e d .... 0*06 off M iddling T in ged.................. 0*1* off Strlot L ow Mid. T in g e d ... 0*34 off M iddling Stained................ 0*50 off Strlot L ow Mid. S ta in ed ... 1*06 off L ow M iddling S t a in e d ..... 1*50 off Onthis basis the offioial prices for a few of the grades for he past week—Jan. 31 to Feb. 6 -w ould be as follows, U PLAN D S. S a t. H on T sev W ed Jood O rdinary____ _________ _ 8*05 8*05 8*67 8 67 jow M id d lin g ....___ ___ . . . . . . fid d lin g .. . . . . m . . . . . . . . . . . . . . . . 9 05 9 05 Jood M iddlin g.. . . . . . . . . . . . . . . . 0 49 y-49 fid d lin g F a ir.............................. 1 0 0 1 1 0 0 1 G U LF . S a t. Jood O rd in a ry ........................— iOW M id d lin g ..— . . . . . . . . . . . . . . d id d lin g ....—. . — . . . . — . . . . . . Jood M id d lin g .....— ........... . fid d lin g F a ir.............................. ■ow M iddlin g_____ — ___ fid d lin g ................... ..................... strict L ow M iddling T in g e d ... Jood M iddling T in g ed ............. F rI. 8*00 8*05 8*15 8 15 8*62 8 67 8*77 8*77 9 ‘00 9 05 9 15 9 15 9 44 »-49 y-59 »-59 9 96 10 01 10 11 10 11 M on T oes W ed Tk. F r l. 830 8*40 8 30 8*25 8 30 8 4 0 8*92 9*02 9-02 8*92 8 92 8 8 7 9 30 9 30 9 25 9 -3 0 9-40 9 40 y-84 9*84 9*74 9 74 9-69 9 74 10*26 1 0 2 6 10 21 10 26 10 36 10*36 S a t. S T A IN E D . Tk. 7*55 855 871 905 M on T oes W ed 7855 8- 71 9*05 7-50 8 50 866 9*00 7-55 855 8*71 9 05 Tk. 7-65 55 8 65 8*81 9*15 F r l. 7*65 8-65 8 81 915 °he quotations for middling upland at New York on Feb. 6 for eaoh of the past 82 years have been as followsi 1 9 0 3 ....C. 1902......... 1901......... 1900......... 1 8 0 9 ____ 1898......... 1 8 9 7 ...... 1896......... 9 15 B718 9% 87l8 67,8 51616 75 8k 1 8 8 7 ....0 . 9 k 1 8 9 5 ....0 . 5 k 1 8 9 4 ......... 71516 1 8 8 6 ____ 03le 1 8 8 5 ____ . I l k " 1 8 9 3 ......... 93s 1 8 8 4 _____10Sk 1 8 9 2 ......... 75la 1 8 8 3 ......... 103ia 1 8 9 1 ___ _ 9 k 1S8S ---- 12 1 8 9 0 .........11 1 8 8 1 .........119i« 1 8 8 9 .........1 0 k 1 8 8 0 ......... 13 1 8 8 8 _____10®s 1 8 7 9 .. . . o . get* 1878......... l i k e 1 8 7 7 ......... 1278 1 8 7 6 .........lS k e 1 8 7 6 ......... 1 5 k 1 8 7 4 .........157a 1 8 7 3 .........2 1 k 18 7 2 ......... 2 3 k MARKET AND SALES. Spo t M a r k e t Closed. F utures Market CLOSED. ta tu rd a y .. Steady ................ Very steady. d o n d a y .... U alet......... .......... S t e a d y ......... i'u ea d a y ... Quiet, 5 pts. dec. Q uiet_______ Wednesday Steady. 5 pts.ad. S te a d y ......... Chareday.. Firm , 10 pts. ad. F ir m ......... . Friday....... Q u ie t................... F ir m .... . .. Total....... S ales o f E x port. •••• Sp o t A contract Oon- Con tum p. tract. to ta l. *4*5 4,40*6 4,44*5 54 54 16 16 2,503 2,10*6 403 512 500 12 530 7,000 7,530 THE CHRONICLE F ebruary 7, 1903.] F utures ,— H igh est,low est and closin g prices at New Yo* k. | i 2 ’§ S g > 3 9 » o g g o g S o g o o ? 5 - 5 » *(» ? : «? > : ■ * »: w lie j S o g D ,|, S H 1 g 7 2 3 5 ^ 2 g f : 7 « : t? l» : c. S ^ ► Q » 2 Q 5 B ^ Q 5 ; « Q S 0 ► 2 H o B 2 o S W 0 * M O ,, c ► £ < *> 1 C ® * * C * * ? 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Q► CO H w H h h CMbD hccw ©DM©p-^p-»ifAWMce©©^np.©®GOkObcwcMC0*n*.^t-®it4.*k^M WawC?05WMWH0: ©<j&©*-b3i*.©bDCiOX©©--®<kO,*CCMbD© ®*-©©®©©©®bD^©©®*>©^j©>-»CM©©©®NGC©fDM#A^ too < | 1 1 sa •Be - P 94 * a * -^® H W O ■ • **5^; (V o 00 i® 1 -a P-* 19 to 1 oo | © ' © oc© ©op cboo 0 3 ob OD M** OiOD 1 0 19 1 9 © 03 © © ® 1 tc cb COCO © ' bD bD © COCO 6© kCOD © © coco 1 9 °°l C O1 w| a* • °? CO *1 °P © © © 1 to CO CO oc© © © • kt 9 1 1 a © ©<j ©CO 1 9 1 ® © ©05 © ® 1 3 I ©CM 1 9 00 QD CM© 9 03 03 <*> 1 <1 ' H H M > QD 03 1 1 -m ? f * o i i pi-a e l l *j<I CMM ! 9 ® © © ® bD© © ® © © i e 1 © © o? I <1 ' CO no I a© 1 1 © © QC © o - © © © o 1 9 9 <1^1 © © bD ►-* 1 *4 © ©P- * OD 0 1 1 1 9 « 25 K $ 2 :o g * K < 3 S Q 9 * r 53 uc B a s od jp * S '* CO © © op I bD © © © b bD 1 3 i 03 03 9 GOOD GD CD H*M bD tO a cm ©oo 1 9 1s 0000 «p 1 MH- CO• M QD© 10 © © © i ® 1 CO1 bD ' 3 oo . CP 1 10 coco © ® ©OD bD bD 03 2 i j » i 5 « © ® ® ©QD O. 03 ©<l i 9 cm a ©© ®® °? 1 bO 1 <1© CO® 00 CQ® W<l l 9 l9 1 9 or. ce a © © © cobb < 1 ^ 1 coco o© ** CM i0 © © ©00 © © i | ? » • «• (KM p- © 1 9 ►-© 1 9 oo. ►il 00 1 0 CDQD ►- M CMCM ia a-oo H* i °? 1© © If1 3 i j • • • • © © © © CM OD 1 9 © © ® <i b- CO ' 9 CM© II i l • • • » © 1 © © <1 II 1! © © a © ©to . 9 ©O II “ o . to i• l • tfk© II - “ i !■ • OD© QC QD 1 0 f i• % oo ar I I I I I I : OD , I I I I I I : : A t the I nterior T owns the m ovem ent—that is the recei pta for the week and since September 1, the shipments for tne week and the stocks to-night, and the same items for the corresponding period o f 1901-02— is set out in detail below . at 1 337 O © — »S r - O 1 *01- 1 h to o « u » w o ® h Vi oo ji M h s a 't t ‘ O O O S ^ -1 9 M -i a O 'C O D -K K O D »U>O C«.tOO>to<e> KCCUOO-l^CO£tk»COOWKICtSMltk / u u p U J The above totals show that the interior stocks have d e cable and telegraph, is as follows, Foreign stocks, as wel as the afloat, are this week’s returns, and consequently all creased during the week 31,492 bales, and are to-night 182,867 foreign figures are brought down to Thursday ev e n in g baies less than same period last year. The receipts at all the But to make the total the complete figures for to-nlghi towns have been 67,768 bales more than same week last year, (Feb. 6), we add the item of exports from the United State* O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S i n c e S e p t , 1 ,— Including In it the exports of Friday only, ye give below a statement showing the overland movement . 1908. 1902. 1901. 1800. Stock at L i v e r p o o l..^ , bale*. 680,000 1,040,000 779,000 640,004 Stock at London------------ ------9,000 7,000 12,000 2,G0< Total Great Britain atook.:. 689,000 00" *1,047,000 " 791,000 642,001 Stock at Ham burg.___ ___ ___ 8.000 9,000 15,000 19,001 . 230,000 220,000 229,000 238,001 Stock at Am sterdam ... 2,001 Stock at Rotterdam . . . ...... • ■■■■•■ 200 301 Stock at A n tw erp. . . . . . 3,000 3,000 4,000 5,001 Stock at H a v r e ....___ . 151,000 187,000 154,000 256,001 Stock at M arseilles.... 3.000 2,000 3,000 4.001 Stock at Barcelona. . . . 45.000 86,000 58,000 80 001 Stock at Genoa............. 37,000 46,000 44.001 16.000 Stook at Trieste______ ________ 2,000 2,000 5,000 3,001 Total Continental stocks. . 488.000 565,000 434 200 651,3 • Tetal European stocks— 1,177,000 1,602.000 1,275,200 1.2 9 3 .3 0 * itrtrtttnn i * a aa ’ 88,000 no aaa in-, aaa ..... India ootton afloat afloat fn lor* Europe 1144,000 122.000 24 00< Amer.ootrtonafloatforE’rope. 589,000 534,000 453.000 520 OOt ■ltypt.Brazll,&o.,aflt.lor E’pe 60,000 50.000 39,000 62 0O< Stock In Alexandria, E g y p t... 190.000 249,000 180.000 198,000 Stock In Bombay. India........... 424,000 393,000 393.000 346,000 Stook In United States ports.. 1,005,253 894,374 979,813 1,066 366 Stook In U .B . Interior tow ns.. 434,549 617,416 735,243 656 649 United States exports to-day.. 36,325 47,515 24 ,2 5 4 10,049 Total visible su pply------ ..4 ,0 6 0 ,1 2 7 4,476,305 4,201,510 4,1 7 6 364 01 tke above, totals ol American and other descriptions are as foliow s : A m e r ic a n — Uverpool stock-------------bales. 609,000 946,000 Continental stocks.............. 460.000 522.000 American afloat lor E urope... 689.000 534,000 United States stook.................... 1,005,253 894 374 United States interior stocks. 434,549 617,416 United States exports to-day. 36.325 47.515 Total American.................... 8,134,127 3,561,305 M att I n d i a n . B r a e il , A c .— for the week and since Sept. 1, as made up from telegraphic sports Friday night. The results for the week ending Feb. 6 and since Sept, 1 in the last two years are as follows. 1902-03. F e b r u a r y 6. W ee k . 1901-02 S in c e Sept. 1. S in ee Sept. l . W ttk . Shipped — V ia V ia Via V ia V ia V ia V ia St. L ou is..................................... C a iro.......................................... P ad u cah ............ ...................... R ock Is la n d ............................. L ou isv ille................................. C in cin n a ti........... ................... oth er routes, A c .................... T ota l gross o v e r l a n d ............. . 21,688 9 440 101 1,791 3,168 4,205 13 074 51 6,863 159,492 1,495 23.424 85,595 27,643 207.129 58,467 1,024,641 17.603 3,351 150 800 3,378 2,659 17,892 575,517 87,095 174 28,423 134,522 74,244 264,029 45,833 1,164.004 D educt eh ip m en ts— O verlan d to N. Y ., B oston , A c .. B etw een Interior to w n s .............. In lan d, A o., fr o m S ou th ._______ 7,382 3.818 4,500 109,592 33 941 32 958 10,292 15 735 259,633 46 ,110 29.882 T ota l to be d ed u oted .................. 15,700 176.491 11,042 335 625 L eav in g total n et o v e rla n d ___ 3 7 ,7 6 7 848.1501 34,791 82 *.379 687.000 524 OOt Tne foregoing s n o w s mat the week's net o veriano movement 448.000 623,OOC shis year has been 37,767 bales, against 34,791 bales for the 453.000 520.000 veek In 19C2, and that for the season to date the aggregate net 979,813 1,066 366 735,243 666,649 iverland exhibits an excess over a year ago of 19,771 bales. 24,264 __ 10,049 3,327,310 3 ,400,064 1902-03 1901-02. I n Sight a n d S p in n e r » Uverpoo l stock............. ............. 71,000 94,000 T a k in g *. 92 000 116,001 S in e * S in c e W eek . W eek. London stook............................... 9.000 7,000 2.001 Sept 1. 12.000 Sept l . Continental stocks___ . . . . . . . . 28,000 28,301 33,000 36.200 India afloat lor Europe. . . . . . . 144.000 Receipts at ports to Feb. 6 .............. 193,289 6,021.607 118,354 5,802,565 88,000 24.001 122.000 ■ffypt. Brasil, A c., afloat......... 60.000 50,000 62.000 Net ov erla n d to Feb. 6 ..................... 37,767 848,150 34,791 828,379 39,000 Stook In Alexandria, E g y p t... 190.000 249.000 Southern con su m p tion to Feb. 6 .. 41.000 918 OOO 37,™>0 806.000 198.000 180,000 Stack In Bombay, India______ 424.000 393,000 £93,000 346.001 T ota l m a rketed............................ 272,056 7.787.667 190,145 7,535.944 Total East India, A c ...___ 926,000 914,000 874.200 776 300 In terior stock s In e x ce s s.................. *31.492 371.471 *41,663! 488.111 Total American..................... 8,134,127 3,561,305 3,327,310 3 400 064 SOPPUr---------- 4,060,127 4,475,305 4,201,510 4,176,364 Came Into sight du rin g w e e k .. 240,564 148,492: SKUlH11? u Plan<1> Liverpool.. 4-88d. 4918d. 5i53ad.5333i T ota l in Bight Feb. 6 ................. P,159,128 8 024,055 Middling Upland. New York.. 9-15o. **■-89,g«. 8*so. 9%o. Egypt Good Brown, Liverpool 83i«d. &7sd. b9i«d. North’n spinners’ tak’ ge to Feb. 6.. 8 3 ,9 0 7 1 .4 3 0 .3 5 0 72.93 7 1,390,278 83,#d. Pernv. Rough Good, Liverpool 7-30d. 7d. 7*sd. 7 7 ,8d. * D e c e a s e d u rin g week. Broach Fine, L iv e r p o o l...... 4\ d . 4»,«d. 5 ^d . 5d. Ilnnevelly Good, Liverpool.. 4 <>8d. 4 egd. 4%d. 5i,«d. Movement into sight in previous years. Continental imports past week have been 163,000 bales. The above figures indicate a loss In 1903 o f 415,178 bales as compared with same date of 1902, a decrease ol 141,883 bales from 1901 and a decline of 110,237 bales from 1SOO. W eek— 1 9 0 1 - Feb. 8 19 0 0 - F e b . 9 1 8 9 9 - Feb. 10 1 8 9 8 - Feb. 11 B a U t. ....... ...... ......... .. 191,023 238.683 105,057 248.408 Since Sen' 1— Bale*. 1 9 0 0 -0 1 -F e b . 8........... 7,774.142 1 8 9 9 -0 0 9 ............ 7 ,0 6 1 ,8 1 9 F eb . 1 8 9 8 - 9 9 - Feb. 1 0 . ........ 9 009,427 18 97 -98—Feb. 11........... 8 ,9 5 9 ,0 8 9 338 THE CHRONICLE. at Otheb Markets .— and gathering will continue into March. OLOSING QUOTATIONS FOB MIDDLING OOTTON ON— Feb. 6 . Satur. Mon. Tuet. Wednes. Thurt. Fri. Galveston... New Orleans M obile........ Savannah.. Charleston.. Wilmington. N orfolk....... B oston........ Baltimore. . Philadelphia A ugusta___ M emphis.... St. Louie___ H ouston___ Cincinnati.. Little Rook. 81616 815,6 8 7S 8»4 8* 85b 8 1* 9 905 9 9-30 9 8*4 8% 815,9 e\ 8% 815,6 8 7s 8\ 8% &5g 8 is 9 9-05 9 9-25 9 8\ 8% 816,6 8% 839 815,6 8 7s 8% 8% 9 815,6 8\ 8% 85g 8*9 91,« 9u 5 9i8 9-40 91i9 8% 8% 815,6 8\ 87,9 9 815,6 8 34 813,6 876 8^ 8* 8 ®b 8 >S 9 905 9 9-30 9*16 8* 8% 815,9 8 81,9 869 8 is 9 9 9 930 9 8% 8^ 815,6 8% 8*8 811,6 8 >s 919 9 15 9% 9-40 9% 8 =* 813,6 9 8% 8 is The dosing quotations to-day (Friday) at other important Southern markets were as follows. A t h e n s ......... A tla n ta .......... Charlotte........ Columbus. Qa. 9 9 9 8h Columbus, Miss E u fau la .......... Lou isville........ M ontgom ery... 813 9 9 889 Nashville........ N atchez.......... R aleigh........... Shreveport___ 85fi 8 34 919 8is N ew O rleans Option Market .—The highest, lowest and closing quotations for leading options in the New Orleans cotton market the past week have been as follows. Sat'day. Monday, Tuesday, Wed’day, Thursd'y Friday, Feb. 5. Feb. 6 . Jan. 3 l. Feb. 2. Feb. 3. Feb. 4. JAN U ABY— Range___ Closing... — 9 — — ® — — ® — — ® — — ® — — ® — — -a - — 9 - — ® — — 0 — — ® — — ® — March— R ange___ 8-7 69 81 8-72®-79 872®-77 8-72®-82 8-83®-90 8-879-92 Closing... 8 -7 9 9 8 0 8-76S-77 8-75®-76 8-82®-83 8-889-89 8 899-90 May- R ange___ S-S0®-94 8 84® 93 8-84®-88 8-84®-94 9-96®'03 8 -9 9 9 0 4 Closing... 8‘92®-93 9-89®-90 8-87®-88 8-94®-95 9-0 0 9 0 1 9-029 03 July— R ange. .. . 9 01® 05 8-95® 03 8-95®-99 8 9 5 9 0 4 9 079-13 9-109-15 Closing... 9-03 9-04 3 99® "00 8-97® 99 9'05®'06 9119*12 9-139-14 A ugust— R ange---- — ®-71 8-63® — — 9 — 8-70®-72 9-749-80 3-799-80 Closing... 8-68»-69 8-64®-66 8-64®-66 8-72®-74 9-78 9-80 8-799-81 T one— S pots....... Options... Quiet. Quiet. Quiet. 8 teady. Quiet. 8 teady Steady. Firm. S te a d y Q u ie t . Firm. Steady. W eather R eports b y T elegraph .—Reports to us by telegraph this evening indicate tnat the weather has beeu ratter unfavorable over a large pait of the South during the week. Rain has fallen in most sections, and while the rain fall as a i ale has not been heavy, it is claimed that the move ment of the crop has been interfered with in many districts as a result of bad roads. Picking is reported to have made considerable progress in Arkansas. Galveston, Texas.—We have had rain on two days daring the week, the rainfall being two inches and thirty-eight hundredths. Average thermometer 56, highest 68, lowest 42. Month’s rainfall, four inches and fifty-rive hundredths. Corpus Christi, Texas.—There has been rain on one day during the week, the precipitation reaching twenty-four hundredths of an inch. The thermometer has averaged 63, the highest being 78 and the lowest 48. January rainfall, one inch and sixteen hundredths. Fort Worth, Texas.—There have been showers on two days during the week, the precipitation being fourteen hundredths of an inch. The thermometer has averaged 54, ranging from 30 to 78. Month’s rainfall one inch and eighty-three hun dredths. “ Palestine, Texas.—Rain has fallen on three days during the week, the rainfall being thirty eight hundredths of an inch. The thermometer has ranged from 34 to 78, averaging 56. Month’s rainfall, one inch and eighty-six hundredths. San Antonio, Texas.—There has been rain on two days during the past week. The thermometer has averaged 56, the highest being 72 and the lowest 40. Month’s rainfall two inches and thirty-nine hundredths. Paris, Texas.—Rain is falling to day. New Orleans, Louisiana.—W e have had rain during the week to the extent of eighty-three hundredths of an inch on two days. The thermometer has averaged 59. Shreveport, Louisiana.—Rain has fallen on three days of the week, the rainfall reaching ten hundredths of an inch. Average thermometer 54, highest 73, lowest 34. Greenville, Mississippi.—There has been some rain during the week and the roads are very muddy, interfering with the marketing of cotton. Columbus, Mississippi.—There has been rain on three days the past week, the rainfall being two inches and forty-five hundredths. The thermometer has averaged 46, ranging from 27 to 65. Vtcksburg, Mississippi.—Little picking has been possible this week on account of bad weather, and no planting prepa rations yet. We have had rain on four days the past week, the rainfall being one inch and ninety-three hundredths. The thermometer bas ranged from 35 to 72, averaging 53. Little Rock, Arkansas.—Considerable cotton has been picked this week, which will serve to keep receipts large for some time. The week’s precipitation has been fifty-six hun dredths of an inch, on one day. Average thermometer 50, highest 69 and lowest 28. Helena, Arkansas.—Picking has made considerable head way this week, but there is much cotton still in the field, / W e have had light rain on two days during the week, the rainfall being twenty hundredths of an inch. The thermometer has averaged 50, the highest being 68 and the lowest 28. Memphis, Tennessee.—Not much progress has been made with picking on account of bad weather. It is now raining. There has been rainllon three days the past week, the rainfall being two inches and eleven hundredths. The thermometer has averaged 49T, ranging from 27'5 to 69*4. Month’s rain fall three inches and thirty-one hundredths. Nashville, Tennessee.—It bas rained during the week to the extent of one inch and thirty-three hundredths. The ther mometer has ranged from 26 to 69, averaging 48. Montgomery, Alabama—Bad weather the past week has retarded larm work as well as the movement of cotton. We have had rain on three days during the week, the precipita tion reaching seventy-two hundredths of an inch. The ther mometer has averaged 54, the highest being 70 and the low est 35. Selma, Alabama.—There has been rain'the past week, to the extent of fifty five hundredths of an inch on two days. The thermometer has averaged 50, ranging from 36 to 65. Mobile, Alabama.—It has been raining in the interior most of the week and planting preparations nave been practically suspended. There has been rain on two days of the past week, the rainfall being twenty-two hundredths of an inch. Average thermometer 57, highest 71, lowest 39. Madison, Florida.—It has rained on two days of the week, the precipitation reaching one inch and fourteen hundredths. The thermometer has ranged from 40 to 72, averaging 59. Savannah, Georgia.—There has been rain on three days the past week, the rainfall being forty-four hundredths of an inch. Average thermometer 58, highest 72, lowest 39. Augusta, Georgia.—It has rained on three days of the week, with rainfall to the extent of one inch and seventeen hundredths. The thermometer has ranged from 30 to 69, averaging 53. Greenwood, South Carolina.—We have had rain during the week, the rainfall reaching one inch and sixteen hundredths. The thermometer has ranged from 41 to 62, averaging 51. Charleston, South Carolina.—There has been rain on three days daring the week, to the extent of nine hundredths of an inch. Average thermometer 57, highest 73, lowest 37. Stateburg, South Carolina.—W e have had rain on three days of the week, the precipitation reaching fifty two hun dredths of an inch. The thermometer has averaged 55’5, ranging from 32 to 68. The following statement we have also received by telegraph, showing the height of the rivers at the points named, at i o’clock Feb. 5, 1903, and Feb. 6, 1902. Feb. 5, ’03. Feb. 6, 02. Feet. Feet. I n d ia C otton M o v e m e n t Week. Bombay....... . 87,000 Since Sept. 1. Bombay— 1902 03.. 1901-02.. 1900-01.. C onti nent. 1,000 27,000 30,000 5,000 1,000 total a l l 1902 0 3 1901-02.. 1900 0 1 - 2,000 1,000 5,000 980,000 60,000 710,000 Total. C onlinsnt. Great B rita in . Total. 29,000 28,000 30,000 34,000 11,000 1,000 31,000 224.000 135,000 222,000 235,000 136,000 253,000 2,000 2,000 1,000 2,000 13,000 7,000 8,000 15,000 2,000 2,000 1,000 7,000 7,000 1,000 3,000 9,000 9,000 4,000 16,000 13,000 8,000 29.000 36,000 28,000 42,000 37,000 36,000 28,000 4,000 48,000 273.000 181.000 267,COO 301.000 185,000 315,000 __ 1,000 Sept. 1. Bines September 1. C alcutta— ..... . Bines Week. Sept. 1. 834,000 94,000 Great B ritain. 1902-03.. 1901-02.. 1900-01.. Radrae— 1902-03.. 1901-02.. 1900-01ill others— 1902-03.. 1901-02.. 1900-01- 1900-01. Bines Week. For (At W eek. Mnporte fro m — F orts. from a l l 1901-02 1802-03. Receipts a t - 4-7 22-5 38 2 6-9 18-7 92 16 8 24 8 8-4 21-8 Hew Orleans___. . . . . . .A bove zero o f gauge. demphls.................. ...A b o v e zero o f gauge. fashvllle_____— .........Above zero o f gauge. ih r e v e p o r t....______ Above zero o f gauge. floksburg...... . A bove zero o f gauge. 2,000 27,000 32,000 31,000 ALEXANDRIA RECEIPTS 4,ie»a n d ria , B a y p i , February 4, Receipts (ca n ta rs*)rhls w eek................ Since Sept. 1 ............ 1,000 2,000 28,000 34,000 36.000 1.000 8,000 10,000 AND SHIPMENTS OF COTTON.— 1902-03. 1901-02. 1900-01. 170,000 5.091,000 Bines Sept. 1. 270,000 5,275,000 140,000 3.807,000 • Middling C otton h fob Below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week, 8 Quotations [ V o l . LXXVI. This week. Since Sept. 1. Tkii week. Since Sept. 1. Exports (bales)— To L iv e rp o o l.... . . . . 10,000 248.000 7,000 209.000 4,000 201,000 To C ontinent t . . . . . . 6,000 228.000 16,000 278.000 11,000 163,000 Total E u r o p e ....... 16,000 476,000 23,000 487,000 15.000 354,000 * A oantar Is 98 pounds. „ __ ... t Of which to America In 1902-03, 56,203 bales; In 1901-02, 62,024 bales; In 1900-01.29,125 bales. THE F ebruary 7, 1903.] CHRONICLE 339 M a n c h e s t e r M a r k e t . —Oar report received by to -n ig h t fr o m Manchester states that the market is fo r both yarns and shirtings. The demand for both Total bales. F r a w o i s o o — T o J a p a n —Feb. 5 —Steam er H on g K on g M aru, 563 .......................................................................................... 563 Ta c o m a —T o Japan—Feb. 2—Steamer H y ades, 2 . 0 1 6 . . .. ........... 2,016 com p arison . Exports to Japan since Sept. 1 have been 106,826 bales from the Pacific Coast, 2,700 bales from New York and 400 balsa from Norfolk. cotton freights at New Y ork the past week have been as follows. cable active yarns and cloth is improving. We give the prices for to-day below an<l leave tnose for previous weeks of this andlast year for 1902. 1903. 8 4 lbs. Skirt- Oott'n 8 4 lbs. Skirt- Oott’n 32* Oop. ings, common Mid. 3 2 * Oop. ings, common Mid. Twist. d. d. Jan. 2 7 3 , 6 0 8 4 “ 974 084 “ 16,75i f l 0 8 4 •• 23|7»a » 8 » ie Uplds to finest. e. d. s. d. 5 5 2 07 9 2 07 9 S 2407 9 5 3 0 7 104 5 “ 30 7716» 8 4 Feb 6 7 4 O 8 3 ,0 5 4 4 08 08 C o t t o n C o n s u m p t io n 0 0 and d. Twist. d. s. d. 1 4 » 7 104 1 07 9 7 0 7 4 5 1 4 0 7 10 6 7g 07*8 5 1 0 7 10 61S>18*73» 5 1 4 * 7 1 0 4 6 i 5 , « o 7 4 5 1 4 * 7 10 4 d. d. a. 4 -7 2 7 074 5 4 -72 6131# 711,6 5 4'80 4-84 4 -86 4-83 Uplds to finest. O verlan d Movem ent to d. 417,* 417, ? 49,6 44 44 4016 F e b . 1. —In consequence of the crowded condition of our columns th is week, we omit giving the usual extensive details of the overland movement. Below, however, we present a synopsis for the month of January and the five months ended Jan. 31 for three years. 1902-03. 1901-02. 262,452 982,759 209,173 815.088 992,545 5,860,9 >9 947,870 4,407,692 1,056,097 1,370,312 894,000 297,118 1,118,171 202,557 793,588 994,033 5,784,211 955,478 4,534,019 938,695 1,317,341 76 8,000 1900-01. G ross ov erla n d fo r J a n u a ry ........... bales. 222,256 G rosa ov erla n d fo r 5 m on th s..................... 1,221,851 126,360 Net overland fo r J a n u a ry ........................... 834,056 Net overla n d fo r 5 m on th s......................... 795,182 P ort receip ts In J a n u a ry ............................. 5,353,855 P ort receip ts In 5 m on th s........................ . 764,242 E x p orts In J a n u a ry ....................................... 3,952,532 E x p orts In 5 m onths........................... ......... 1,003,135 P ort stocks on Ja n u a ry 3 1 ......................... 1,289,394 N orthern spinn ers’ takings to F eb. 1 ___ 666,000 Southern spinners’ takin gs to Feb. 1 . . . O verland to Canada fo r 5 m on th s (In57,920 eluded In n et o v e rla n d )............................ 55,258 59,028 170 5,578 10 Burnt N orth and South In 5 m on th s....... Stock at N ortb’n Interior m arkets Feb. 1 20418 7,500 6,688 Came In sight during J a n u a ry ................. 1,293,718 1,298,354 999,542 A m ount o f orop In sight F eb. 1 ____ ____ 7,966,007 7,875,563 7,565,911 Came In sight balanoe sea son .................... 2,865,890 2,859,230 10701453 11425141 T otal c r o p . . . . __ ____ ___________ ______ _ 511 40 A verage w eigh t of b a le s ........................... 507 76 50492 Jute Butts, Bagging , E tc .—The market for jute bagging has been extremely dull during the week under review, but prices are nominally unchanged at 6c. for \% lbs. and 634c. for 3 lbs., standard grades. Jate butts inactive at lj^ @ l% c . for paper quality and 2@3J^c. for bagging quality. 8H IP PIR G news .—A s snown on a previous page, the •sports of cotton from the United States the past week have reached 210,801 oales. The shipments in detail, as made up from mail and telegraphicreturns, are as follows: BAN Total........................ ...... .......... ....................... ..................................... 210.801 Satur. Tues. Mon. Wedn.es. Tkurs. Fri. 12 12 Liverpool.............e. 12 12 12 12 12 12 Manchester......... c. 13 13 12 12 21 21 264 Havre.................... c. 264 264 264 Bremen................ c. 174 174 174 174 174 174 Hamburg..............c. 15 15 15 15 15 15 21 21 21 21 SI 21 Ghent.................... e. Antwerp............... c. 15 15 15 15 15 15 Reval, Indirect..e. 27 26928 26928 26928 26928 26923 Reval, via Canal, c. 32 32 32 32 32 82 Baroel’ na, lnd’ r’t .c. 29 29 29 29 29 29 Genoa................... c. 12 12 12 12 12 12 Trieste................... c. 25 25 25 25 25 25 Japan (via 8ues).e. 45 45 45 45 45 45 quotations are cents per 100 lbs. L iv e r p o o l .— B y cable from Liverpool we have the follow tng statement of the week’s cables, stocks, &c., at that port. Jan. 16 tales of the w e e k .......b a le s . Of whloh exporters to o k ... Of whloh speculators took. tales American.......................... Actual export............................ forwarded................................... Total stock—Estimated........... Of whloh American—E st’ d. Total Import o f the week____ Of which American.............. Amount afloat........... . . . . . . . Of whloh Amerioan............... 48,000 1,000 1,100 44,000 19,000 70,000 619,000 544,000 65,000 38,000 280,000 245,000 Jan. 23 Jan. 30. 62,000 1,400 3,300 54,000 7,000 75.000 636 000 564,000 99.000 89,000 254,000 221,000 76,OOf 1,000 ll.OoL 66 O00 11,000 105,000 665,000 587,000 145,000 108.000 19e,00C 165.000 Feb. 6. 62,000 1,900 6,200 60,000 10,000 78,000 630,000 609,000 103,000 96.000 192,000 157,000 The cone of the Liverpool market for spots and futures saoh day of the week ending Feb. 6 and the daily closing prices of spot ootton. have been as follows. Spot. S a t'd a y . Market, { 12:80 p . m .{ Fair business doing. Firm. Easter. Fair business doing. Good demand. Fair business doing.; *ld . Dpl’ds. 4-88 4 ’88 4 84 4-82 4-86 4-88 10.000 tales......... 1,000 ipec. A exp. M o n d a y . T u esd a y . W e d 'd a y . T k u r sd ’ y 12.000 1,000 10 000 1,000 10.000 1,000 futures. 12 000 2,000 F rid a y. 10,000 1.000 Quiet at Quiet at Steady at Steady at Quiet at Market ( 2@3 pts. partially £ pts. 4 pts. 2 pts. opened. ) decline. unchang’d 1 pt. dec. decline. advanoe. advance. Total bales. 8 b w Y o r k —T o L iv e rp o o l, p er steam ers Cevlo, 7 ,6 0 9 ___ P h ila at Br’ly st’dy Quiet at Steady at Firm at Qu'et at delphian. 6 1 6 ______________________________________________ 8,225 Market, l Steady 1@2 pts. 1<&2 pts. 2}>4 4 3 ptf.Vtf pt. dec. 1@5 pts. 24»3 pts. T o M anchester, p er steam er B ellend en, 746 u plan d and 4 p . k . j deoltne. decline. decline. advance. advance. near. 537 Sea Is la n d ................................................................................... 1,283 To L on don, per steam er M inneapolis, 1 5 0 .............................. 150 The prices of futures at Liverpool for each day are given To H avre, per steam er La Cham pagne, 1 0 ................................. 10 below, Prloes are on the basis of Uplands, Good Ordinary T o H am burg, per steam er N loom edla. 10 0 ............................... 100 ilanse,unless otherwise stated. To A n tw erp, per steam ers B ritish P rlnoe. 3 5 6 ....K r o o n land. 1.00ft.......................................................................................... 1,361 To R ev al, per steam er N orge, 300 ............................................... 300 S ms . D io n . T oes. Than. F r i. W ed. To G enoa, per steam ers Nord A m erloa, 1 ,0 0 2 ___Ph oenicia, Feb . 6. Jan. 31 Feb. 2. Feb 3 Feb 4 Feb 5 200......................................................................................................... 1,202 To Naples, p er steam ers Lahn. 3 3 5 ___ N ord A m erloa, 3 0 0 .. 635 1 2 4 4 12i* 4 12ift 4 121* 4 121* 4 12i« 1 BfBW O r lea n s T o L iv e rp o o l—Feb. 4—8tr. A tlantlan, 15,500 P. M. P . M. P .M . P .M . P .M . P .M . P .M . P .M . P .M . P .M . P. M. P .M . — Feb. 6—Steam er F loridian. 4 ,5 0 0 ........................................ 29 ,000 T o L on don —Jan. 3 0 —Steam er Tam ploan, 1 ,'3 9 .................... 1,139 d d. d. d. d. d. d. d. d. d. d. d. To B elfast—Feb. 3 —Steam er Torr H ead, 5 ,1 2 9 ........................ 5,129 To Brem en—Jan. 31 Slearner Appledore. 1 0 ,5 1 1 .................. 10,511 .Tan n ary _ 4 76 4 76 4 78 4 74 4 73 4 72 4 72 4 79 4 76 4 77 4 78 Jan. Feb___ 4 77 4 78 To H a m b u rg - Feb 5 —Steam er F lorida. 900............................. 900 To R otterdam —Jan. 3 1 —Steam er K roon berg, 587. ........... 587 Feb -Mch- .. 4 76 4 78 4 79 4 76 4 74 4 73 4 72 4 72 1 77 4 77 4 78 4 78 Mch.-April.. 4 76 4 78 4 79 4 76 4 74 4 73 4 72 4 72 4 77 4 7 4 78 4 78 T o A n tw erp —Feb. 3 —Steam er Ltvland. * 9 3 ............ 293 Aprll-M ay.. 4 77 4 78 4 79 4 76 4 74 4 74 4 73 4 73 4 78 i 78 4 79 4 79 T o B a rcelon a —Feb. 5 -S te a m e rs A rgentina, 6,200; M artin Saenz, 7 .0 9 5 ........................................................................................ 13,295 May-June. 4 78 4 79l4 80 t 77 4 75 4 75 4 74 4 71 4 79 4 7 9 4 8 1 4 81 4 78 4 79j4 80 4 77 4 76 4 75 4 74 4 74 4 79 1 7 9 4 e l 4 81 Jane-July... To Vera C ruz—Feb. 5 —Steam er N or. 8 5 0 ................ ................. 850 G alveston —To L iv e rp o o l—Feb. 2 -S tea m er C ustodian, 15,703 15,708 July-Aug . . . 4 T> 4 79 4 80 4 77 4 75 4 74 4 73 4 71 4 79 1 79 4 81 4 81 T o B elfast—Jan. 30 -S team er Inlshow en H ead, 1 ,8 5 0 ......... 1,850 Aug.-Sept... 4 68 4 69 4 70 4 68 4 6 6 4 65 4 64 1 65 4 6 9 4 70 4 71 4 72 8ept.-Oot___ A 49 4 49 4 50 4 43 4 47 4 45 4 46 1 46 4 50 4 60 4 52 4 52 To H avre—Feb. 3 —Steam er M onteaegro; 1 3 ,6 4 0 .. ..F e b . 5 —Steam er Istrar, 6 ,6 65.............. 20,305 Oot N o v .... 4 38 4 39 4 40 4 38 4 37 4 35 4 36 4 36 4 10 4 10 4 4 3 4 42 Nov.-Dee___ .... .... .... T o Brem en—Jan. 3 1 —Steam er C onsols, 8 ,7 6 5 ___ Feb. 4 — Steam er Cassel. 14,967................................................. 23.432 1,092 To H am bu rg—Jan. 3 0 —Steam er E asby A b b ey , 1 ,0 9 2 ........... T o R otterdam —Jan. 31—Steam er Aqua. 1.751 ........... ......... 1,751 Mo b il e —To L iv e r p o o l-J a n . 31—Steam er D ow g ate, 3 ,7 1 9 ....... 3,7 19 F r id a y , Feb. 6, 1908. To Brem en—Jan. 3 0 —Steam er Lyola, 7 ,3 0 4 .............................. 7,801 Business has been moderately active in the market for P ensacola —T o L iv e rp o o l—Feb. 5 —Steam er A licia , 3,7 88......... 3,7 38 To Leghorn—Jan. 3 0 -S tea m er V incenzo B ouanno, 3 0 0 ___ 300 wheat floor and the tendency of prices has been in sellers’ Sa v a n n a h —T o H a v r e —Jan. 3 1 —Steam er Slam . 7,733 u plan d favor, an advance in price for the grain having a strengthen and 994 Sea Inland.................................................................... 8,727 ing infloence, Sales have been reported of fair-sized lines of To Brem en—Jan. 30—Steam er A lva, 7,775 upland and 250 choice spring patents at 4 20@4 30, with some mills holding 8ea Isla n d — Feb. 4 —Steam ers O riel, 10,599; Shandon, 11.240.................................................................................................. 29,864 for higher prices. Winter straights also have had a fair sale To H a m b u rg -J a n . 3 0 -S :e a m e r Dam a. 9 5 0 ............................. 95 0 at $3 60@3 65,=and city mills have reported fairly fall sales at To Reval—Jan. s o —Steam er A lva , 1 ,3 0 0 .. .F eb. 4—Steam ers Oriel. 7 0 0 ....S h a n don . 95 0 ........................................................... 2,950 firm prices. Rye flour has b9en qniet. but prices have been To R ig a -F e b . 4—Steam ers Oriel. 10 0 ___ Shandon, 5 0 0 ........ 600 unchanged and steady. Buckwheat flour has been quirt and T o M a lm o —Feb 4 -S tea m er Oriel, 200 .................................... 200 slightly easier. Corn meal has been in small supply and firm. B r u n sw ic k —T o L iverp ool -J a n . 31 Str. F orest Brook, -.,018. 5.013 Speculation in wheat for future delivery has been quiet, W ilmington —T o L iv erp ool—Feb. 2 —Steam er Polano, 8 ,4 6 5 ... 9,465 but the tendency of prices has been towards a higher basis. No r f o l k —To H am burg Jau. 2 1 —Str. D ania (a u ittlon a l). 3 .. 3 B oston —T o L iv erp ool—Jau. 28—Steam er W ln ifredtan, 4 1 . . . . Daring the latter part of the week, owing to a severe storm 347 Jan. 31—Steam er R om an , 3 0 8 .................................................... in the interior, telegraphic communication with the West To G enoa—Jan. 3 1 —Steam er O am brom au, 1 0 0 ........ 100 B a l t im o r e —To L iv e rp o o l—Jau. 3 0 —8tr. Tem plem ore, 6 2 8 . . . . 628 was slow, and this interfered with business to a considerable T o R r e m e n -F e b 2 -S te a m e r H an n over, 2 ,3 71........................ 2,371 extent. The congested condition of freight traffic continues To H am burg—Jau. 3 1 —Steam er Silvia. 50. ...................... ....... 50 a serious handicap to business in actual grain in the E istern To A n tw e rp —Jan. 24—Steam er F ltzolaren oe, ICO.................. 100 markets. Sellers of grain for February shipment from the P h il a d e l p h ia —To L iv e r p o o l-J a u . 3 0 —Str. W eetenland, 3 0 0 . 30 0 P o r t l a n d , M e .—T o L iv e r p o o l—Feb. 3 —Str. T u rcom an, 3 3 0 ... 330 West withdrew early in the week, owing to their inability to BREADSTUFFS. IHE 340 CHRONICLE get cars to carry the grain forward, and it is now stated that most of the new business is done “ buyers furnishing the cars.” The strength of the wheat market has been based on firmer advices from Europe. Apprehension of damage to the French crop is reported as having stimulated speculative buying abroad. The supply of wheat in stock and afloat for the European market is very moderate, showing a decrease of about 20,000,000 bushels as compared with a year ago. Despite these limited supplies there has been no extensive export buying in the American markets the past week, and as to supplies from Argentina, they are not expected to reach Europe in any volume until about April. On Thursday European cable advices were easier, and this with the weekly report by the Cincinnati “ Price Current” that the condition of the wheat crop is favorable, except in Kansas, where it is unpromising, due to dry soil (although late rain may favorably change the condition of the crop in that State), resulted in an easier market. To-day the market was firmer in response to stronger foreign advices. The spot market was higher but business was quiet. BAILTCLOSINGPRICES OF NO.*2 BSD WINTER WHEAT IN N E W T O B K . Sat. Mon. Tue*. F^i. Wed. Thurt. Cash wheat t. o. b . . . ....... 813* 82*4 82 7s 83*4 83*4 8278 835s 84 8338 84 March delivery In elev... 8,% 83*4 81 82*4 81*8 817s 82*4 817e 783g 78% 79 *e 78 7s 7 8 7s 79*4 OF NO. 2 SPRING WHEAT IN C H IC A G O . Sat. Mon. Tuet. Wed. 77*8 73 78 79*4 74*4 78 7s 74*8 79 743s Thurt. Fr\ 78% 74*« 79*« 7438 Indian corn futures have been quiet, and only fractional changes have occurred in prices; still the tendency has been towards a higher basis. The principal strengthening factor has been a renewal of interest on the part of shippers, they having been fair buyers for export during the week here and at outports, but at lower prices. Another bull factor has been the crop movement, the receipts at the interior markets showing a considerable falling off, while the export shipments from the Coast have shown a decided increase. Exporters are quoted as saying that European requirements are large, and that an active export business should be ex perienced during the balance of the winter and spring months. According to one authority corn is accumulating at interior stations. Probable poor grading of corn with the return of warmer weather, it is reported, is serving to stimu late speculative buying of May delivery, particularly in the Chicago market. To-day there was a steady market. The spot market was fairly active at slightly lower prices. The sales for export here and at outports were 837,000 bushels. DAILY CLOSING PEIOB8 OF NO. 2 MIXED COBH IN N E W Y O R K .. i f on. Tuet. Wed. Thurt. Sat. FH. O u b corn 1. o. b. 59 59 58 57*4 57*4 57*8 57 57 56% 56% 57% 57*8 5138 507e 5078 51*8 51*4 5078 493» 493s 48% 49 48t8 48 7e DAILY CLOSING PRICES OF NO. 2 MIXED COBH IN C H IC A G O . Sat. Feb. delivery In elev......... .... May delivery in elev....... 44 % July delivery In elev .. 43% 43*4 Sept, delivery In elev___ .. 42% 427s Mon. Tuet. Wed. 43 44% 43*8 4 2 78 Thurt. 43*4 44% 43*4 43 43*4 44% 43*4 43*4 43*8 44% 433a 4^3g Fr*. 433a 44% 433g 43*8 Oats for future delivery at the Western market have been quiet and only slight fluctuations have occurred in prices. On Thursday there was increased activity to the speculative buying, stimulated by a decreased crop movement for the week, and this demand advanced prices slightly. Early in the week the local spot market was easier nnder freer Feb ruary c. i. f. offerings from the West. Subsequently, how ever, these sellers withdrew, owing to their inability to ob tain sufficient freight room, and the market advanced. To day the market was firm. DAILY GLOBING PBIOBS OF OATS IN N E W Y O R K . Sat. Mon. Tuet. Wed. Mon. Tuet. Wed. 33% 36*8 32% 33% 36*4 32% Thurt. Fr> 42 43% 43 43*8 43*8 43*8 44 44 44 44*4 44*4 44*4 OF NO. 2 MIXED OAT8 IN C H IC A G O . ■ 0. 2 Sato Feb. delivery In elev....... j M ay delivery In eiev___ 36*4 July delivery In e le v .... 32% 33% 36% 32% Thurt. Frx. 34*4 36% 32% 34% 37 32% Following are the closing quotations: FLOUR. Fine-------------------- $2 60 0 2 65 Patent, w in te r ....S3 85 0 4 Bupeifine,________ 2 75 0 2 80 City mills, patent. 4 40 0 4 Extra, No, 2 ,_____ 2 85 « 2 90 Rye flour,superfine 2 90 0 3 Extra, No. 1 ,. . . . . 2 95 0 3 20 Buckwheat flour.. 2 15 ® 2 C lea rs.......* ... . . . 3 15 0 3 50 Corn meal— Straights..—. , . . . . S 55 0 4 15 W estern ,etc...— 3 00 * 3 Patent, sp rin_g ,.,. 4 15 0 4 75 B ra n d_________________ y w in e___3 10 (Wheat flour In cooks sells at prices belovr those for barrels.) 15 75 55 25 05 20 GRAIN. Wheat, per bush — Hard D uL.N j . 1 .. BPthem Dul., N o.l Red winter. No. 2 Nort’n Dul No. 2. Oats—Mix’ d,p.bnsh. W h ite............ —. . . No. 2 m ixed......... No. 2 w h ite ........ o. o. 1. o. b. 93*4 t. o. b.89's f. o. b.83*4 f. o. b........ 42*8*45 4b % 946 43*8944*8 44*4945*4 Com , per bUBh.— e. Western mixed............. 56 No. 2 m ixed____ f. o. No. 2 yellow ............ f. o. No. 2 white........... . f. o. Rye, per bush— W e s te r n ................ .....57 State and Jersey ..—..5 6 Barley—West................. 51 Feeding......................... 47 e. 060 b 57% b.58 b.58 96 2 05 7 063 960 A g r ic u ltu ra l D ep ar tm en t ’ s J a n u a r y R ep o r t .—T he re port of tbe Climate and Crop Division of the Weather Bu reau on Wheat for the month of January was as follows: G e n e r a l R e m a r k s . - On the whole the winter-wheat crop fared well in January, 1903, the central and northern portions of tbe win ter-wheat belt being well protected by snow covering until the closing days of the month, when much, snow melted, leaving only the extreme northern districts with a covering on January 31. / |V o l . LXXVI. Over the southern portion of the winter wheat belt some damage has resulted from alternate freezing and thawing, bat the crop has appar ently not sustained serious Injury. The rainfall throughout the win ter-wheat belt was lighter than usual, but Kansas is the only State re porting need for moisture. In Washington and Oregon the general condition of wheat Is satisfactory, although portions of these States have suffered from alternate freezing and thawing. In California the first half of the month In the northern seotions was cold and foggy, while hot, dry winds prevailed In the southern oart of the State, but no serious damage resulted; more favorable temperature conditions, with beneficial rains, prevailed during the latter part of the month. S F F o r oth er ta b le s u su ally g iv e s h ere see page 3 1 5 . THE DRY GOODS TRADE. Feb. 6, 1903, The cotton-goods division of the market has furnished further evidences of strength during the past week in the shape of advances in various descriptions of plain and colored cottons. The demand throughout has been considerable, and there are few departments iu which it has not been con stantly greater than available supplies. Buying for current needs is practically ltmited by the stocks in first hands, and forward business is also kept down to some extent by the continued reserve of sellers. Consumption of cotton goods is evidently on a large scale—larger than indicated by the manner in which the demand was deferred up to a week or two ago. Individual transactions Of a volume to attract special attention have been rare, but unobtrusive general buying has been good. There is nothing in sight suggesting any easier condition for some time to come in either staple or fancy cottons in this market nor in the print-cloth divis ion, a further advance having been mac1j in the latter this week also. Business has again been g jod in woolen goods for men’s wear and shows an improvement in dress goods. D om estic ) C o t t o n G o o d s , — The exports o f cotton goods from this port fo r the week ending Feb. 2 were 2,968 packages, valued at $181,793, their destination being to the points specified in the tables b e lo w : N h w Y o r k . F r i d a y , P . M ., Ne w Y o b s to F e b . 2. Great B r it a in ...... „„ Other E u ropean ___ . . . ____ Jhlna— . . . . . . ......... A r * b l a ..„ „ ...................... . A frica........ ................. ...... •Vest In dies.......... ............... M e x ic o ................... „ Oentral A m erica.______ . . . South A m e r ic a ....___. . . . . o th e r C o u n trle s ..._____— T o ta l................. ........... 1903. 1902. Fee*. Since Jan. 1. Week. Since Jan. 1. 84 1,018 13 342 880 101 188 182 33,3? 5 1,989 6,o 64 1,219 3,884 132 1.285 4,631 844 38 61 5,615 1,513 174 2 298 6 130 7e5 229 198 263 12,419 3 .267 1,924 1,009 2,511 136 376 4,780 1,010 2,962 54,073 8,881 27,191 83 46 395 . ..... The value o f these New York exports since Jan. 1 to date has been $2,300,013 In 1903, against $1,284 070 In 1902. Such leading tickets in bleached cottons as Fruit of the Loom, Lonsdale, Masonville, Hill, Hope, etc., have been advanced i^c. per yard. In Lonsdale, Masonville and Hope this is a recovery of % g. Jper yard since the middle of December. At the advanced price sellers are not pressing for orders, as they are carrying no stocks of any moment. Some fine grades of brown sheetings have also been advanced % g. to % g., and the demand for brown cottons generally on home account has reached fair proportions in a very firm market. Ducks and brown osnabnrgs are firm. Wide sheet ings and sheets and pillow-cases are scarce and very firm. All descriptions of coarse, colored cottons are in limited sup ply. Advances of )^c. are noted in some makes of plaids, cheviots and ohambrays, and denims and tuckings are diffi cult to buy at current prices. Canton flannels, cotton blan kets and other napped goods of staple order are well sold ahead. The market for prints is very firm; the print-cloth situation is a strengthening factor, bnt printers are, as a rule, well sold up on both staples and fancies. Garner’s turkey-reds and staples have been advanced % g., and a num ber of other lines are held at value. Ginghams are still in small supply in both staples and fine ginghams. Business has been done in regular print cloths at 3^c., with that price bid, and declined at the close. Narrow odds have advanced in unison. Wide odds are quiet. W oolen G oods .— Buyers of men’s-wear woolens and wors teds in fall weights have again been in evidence this week, with numerous orders, and a good business has been done. There is no rush on the part of the clothing trade, bnt sell ers are, as a rule, well pleased with the character of business doing; it has a thoroughly healthy appearance and is not likely to be followed later on by cancellations. Staple lines have again had most attention paid to them Clay worsteds have Dot done any better than before, bnt serges have im proved somewhat in movement, while thibets and unfinished worsteds continue in favor. Black and blue cheviots have been in fair request. Business in fancy woolens and worsteds has been of about average extent, with fancy woolens in medium-priced grades in best request. There has been more doing in fancy woolen and worsted dress goods as new fall lines are being opened, and a steady demand has come for ward for staple varieties at firm prices. Flannels and blan kets are firm, with a fair demand. F oreign D r y G oods ,— High grade worsted dress fabrics in both plain and fancy lines are in good request, and very firm. Full prices are paid in silks and ribbons, with a steady demand. Linens are firm, with fair sales. B u rlap s also firm. THE CHRONICLE F ebruary 7, 1903.] AND 01TY Btp/HiTMENf. 'ijlxe Chronicle. PUBLISHED WEEKLY. Terms of Subscription— Payable in Advance: For One Year, inoluding all S u p p l e m e n t s ...................................... $10 00 For Six Months........................................................................................ 6 00 European Subscription (Including postage)..................................... 13 00 European Subscription Six Months (Including postage)............... 7 50 The I n v e sto b s ’ S u p ple m e n t is fu rn ish ed w ithout extra charge to every annual su bscriber o f th e C o m m e e c ia l an d F in a n c ia l C h r o n ic l e . The S ta te an d C it y S u p ple m e n t Is also fu rn ish ed w ithout extra charge to every su bscriber o f the C h r o n ic l e . The St r e e t R a i l w a y S u p ple m en t Is lik ew ise fu rn ish ed without extra charge to ev ery su bscriber o f the C h r o n ic l e . The B a n k an d Q uo ta tio n S u p p l e m e n t , issued m on th ly, Is also fu r nished without extra charge to e v e ry su bscriber o f the C h r o n ic l e . Terms of Advertising—(Per Inch Space). Transient matter (each time) $4 20 Three Months (13 times) S T A N D IN G B U S IN E S S C A R D S . Six Months (26 times) Two Months (8 times).......... $22 00 Twelve Mon hs (52 times) W IL L IA M .$29 00 . 50 00 . 87 00 D A N A C O M P A N Y , P u b lis h e r s , Pine Street, corner o f Pearl Street, Post O f f ic e B o x 958. NEW YORK. MUNICIPAL BOND SALES IN JANUARY. We record for January the largest aggregate of mu nicipal bond sales ever reached in that month with but one exception. A ccordin g to our tables, $15,941,796 bonds were disposed of. This total compares with $10,915,845 for January 1902, $9,240,864 for January 1901 and $20,374,320 for January 1900. The average for January of the previous eleven years was $9,169,393. New Y ork City, with $9,100,253 bond disposals, fam ished the greater part o f our month's total. Of this amount $7,000,000 were sold at public sale, while the.remaining $3,100,253 represent the sinking fund takings for the m onth. The $7,000,000 3$ per cent stock sold publicly on January 22 went to various parties on an average interest basis of about 3 312 per cent. The city of Memphis late in the month made arrangements to sell $1,250,000 4 per cent water bonds to N. W. Harris & Co. o f Chicago at par, local papers stating that a private agreement had been reached whereby the Chicago firm will receive 1£ per cent commission. The city o f Cincinnati, Ohio, also put out a large issue o f bonds, awarding on January 23 $1,000,000 of 3| per cent water bonds to the Atlas National and the Western German National banks at their jiin t bid of 101*56. Detroit, M ich., always succeeds in selling its bonds on a very low interest basis, and the sale of $50,000 3£ per cent water bonds on January 26 proved to be no exception to this rule. The basis of sale was 3*053 per cent and the pur chasers the People's Savings Bank o f Detroit. The number of municipalities em itting bonds and the number of separate issues made during Janu ary 1903 were 113 and 168, respectively. This con trasts with 122 and 168 for January 1902 and with 138 and 190 for December 1902. In the following table we give the prices which were paid for January loans to the amount o f $15,677,966, issued by 102 municipalities. The aggregate of sales for which no price has been reported is $263,830, and the total bond sales for the month $15,941,796. In the case of each loan reference is made to the page of the Chronicle where a full account of sale is given. J a n u a r y B o n d Sa l e s . Location. Rate. 2 8 1 .. Abingdon. Ill............... 5 119.. Akron, Ohio (4 Issues). 5 2 2 3 .. Akron. Ohio....... ......... 5 3 4 2 .. Akron, Ohio (5 Issues). 5 P a ge. Maturity. 1901-19X1 ................. ................. ................. Amount. Price. $4,000 101-25 6,300 10064 4.000 101-60 13,500 100-37 °aae. L o c a tio n . R ale, M a tu rity. 120.. Allen town, Pa............... 3 11908-1933 1953 3 4 2 .. Arizona........................ 5 19011911 2 8 1 .. Ashtabula, Ohio....... 4 1 6 9 .-Ba lard (Wash.) School 1923 Dlst. No. 50................. 4 \ 1922 1 6 9 .. Baltimore, Md........... 3 1* 1903-1912 120.. Barberton, Ohio............ 5 2 2 3 .. Bay City, Mich.......... 4 1933 1923 2 2 3 .. Bayonne, N. J............ 4 ^ 1923 169.. Bemidjl, Minn............... 5 1922 2 2 3 .. Berwyn, 111................. 4 ^ 223 .. Biloxi, Miss................ 5 11913-1923 2 8 2 .. Brattleboro. Vt.......... 3 1904-1923 2 2 3 .. Buffalo, N. Y .............. 3** 1923 2 2 3 .. Buffalo, N. Y .............. 3i« 1943 169. -Cambridge, Mass....... 3*2 1923 120.. Cambridge, Ohio...... 4 1904-1910 2 2 3 .. Cazenovla, N. Y . . . ... 4 11913-1923 223.. Chaffee Co., Colo...... 5 1913-1933 2 82 .. Chester, Pa................. 3*2 1912 2 24 .. Chippewa Falls, W ls... 4 11923-1943 2 24 .. Cincinnati, Ohio........ 3*9 1922 120. Cleveland, Ohio............ 4 11917-1922 169.. Clin ton, La.................... 5 1904-1909 2 2 4 .. Clinton, Mass................... 11913-1933 3 4 3 .. Columbus, Ohio........ 4 1913-1933 3 4 3 .. Columbus, Ohio........ 4 1943 343.. Contra Costa Co., Cal.. 4 1923 2 8 2 .. Dayton, Ohio............. 3 1* 1933 2 8 2 .. Detroit, Mloh............. 3 1* 1918 2 2 4 .. Detroit, Minn............ 5 1923 1 6 9 .. Douglas Co.. Neb..... 3% 1922 2 8 2 .. Dyersburg, T e n n .... 4 282 .. Fergus Falls, Minn... 5 1904-1923 169.. Forest Sob. Dlst., Ohio. 5 2 2 4 .. Fremont, Ohio........... 4 1903-1908 2 2 4 .. Gaylord (Minn.) School 1904-1910 Dlst. No. 19................. 5 1904-1908 3 4 3 .. Geneva, Ohio ............ 5 1918 3 43.. Golden, Colo.................. 5 2 8 2 .. Grand Baplds, Wls. (2 1908-1922 Issues)......................... 3 tg 1 20 .. Greene Co., Ind........ 4i* 1923 1904-1918 2 8 2 .. Greenville, Ohio....... 4 2 2 5 .. Hutchinson, Kan....... 6 1904-1913 1 69 .. 1.dependence, Wls_ 5 1904-1911 2 8 3 .. Janesville, Wls.......... 4 1 7 0 .. Johnstown, Pa.......... 4 U 912 1932 3 4 3 .. Kalamazoo, Mloh...... 3 ^ 2 9 3 .. Kearney, N. J............ 4 1952 2 2 5 .. Lldgerwcod, N. D ak ... 5 283 .. Lorain, Ohio............... 5 1904-1905 2 2 5 .. Mahoning Co , O hio.... 4 1* 1904-1921 1905-1916 2 2 5 .. Mansfield, Ohio........ 4 170. Marlon, Ohio................. 5>s 1903-1907 1933 343. Memphis, Tenn.............. 4 1 2 1 .. Merrimack Co., N. H ... 3*2 1905-1911 170 .. Miami C o.,0. (8 issues) 5 1923 343 .. Middletown. Md........ 4 1903 1922 121.. Milwaukee, Wls....... . 3*$ 1904-1906 343.. Mineral Ridge, Ohio.. . . 6 170.. Modesto (Cal.) Irriga tion Dlst...................... 6 283 .. Mt. Vernon, N. Y ...... 4 1906 1923 1 2 1 .. Neenah, Wls.............. 4 1907-1934 1 2 1 .. New Bremen, Ohio... 5 1952 2 2 5 .. New York City (6 is.).. S1^ 1922-1952 3 4 4 .. New York City (20 Is.). 3 2 8 3 .. 0.eanside School Dlst., 1901-1908 Cal................................ 6 2 2 6 .. Peoria,'111.................. 4 1923 1924 1933 3 4 5 .. Perry, Okla................ 5 1* 1904-1913 2 8 3 .. Piatt Co., Ill............... 4 1 7 1 .. Pierce Co. (Wash.) Sch. U908-1923 Dlst. No. 55................. 5 1904-1912 2 2 6 .. Pontlao, 111................. 5 1933 2 2 6 .. Pontlao, Mloh........... 5 2 2 6 .. Richland, Iowa_____ 5 1906 1915 2 8 3 .. Riverside, Iowa........ 4 \ 1912 1 7 1 .. Ruthton, Minn.......... 5 226.. Sacramento. Cal........... 4 1903-1912 2 2 6 .. 5.ginaw, Mich. (3 is.).. 4 1907-1914 2 8 3 .. 5.ndstone, Minn....... 4 3 1 5 .. 8 .n Miguel Co., Col_ 6 11913-1923 1923 2 2 6 .. 8.dalla (Mo ) Soh. Diet. 4 1904-1918 1 2 3 .. 5.elby Co., Ohio...... 4 U907-1912 3 4 5 .. 5.erman Co., Texas_ 4 H913-1923 2 2 7 .. 5.lnnston, W. Va...... 5 2 2 7 .. 51.ley (la.) Soh. Dlst... 6 171 .. 50.th Pasadena (Cal.) 1904-1923 Soh JDIst.................... 5 2 8 4 .. 5.oddard Co., Mo...... 6 284 .. Terre Haute, Ind.. . . . . . 6 227 .. Toledo, Ohio............... 3*2 1922 1922 2 2 8 .. Waltham, Maes.......... 3 ^ 1922 2 2 8 .. Waltham, Mass. (2 Is.). 3 ^ 228.. Waltham. Mass............. 3 ^ 1923 2 2 8 .. Warren Co., Miss....... 5 11908-1923 1904-1913 2 2 8 .. Washington, Iowa.... 4 1923 2 2 8 .. Waukesha Co , Wls___ 3-65 H908-1913 2 2 8 .. Webb City, Mo........... 5 1904-1911 346.. West Bend, Wls.............. 5 1904-1913 1 7 2 .. West Brookfield, Mass. 4 1907 172.. West Covington, K y ... 4*2 1927 1 7 2 .. Wilmington, Del....... 4 1923 2 8 5 .. Wllmont. Minn.......... 5 1904-1912 123.. Winneshiek Co., Iowa.. 4 1904-1927 2 2 8 .. Winona, Minn........... 4 3 46.. Yakima Co. (Wash.) Soh. Dlst. No. 6 3 ............... 5 11913-1923 1906 2 8 5 .. Yonkers, N. Y ............ 4 < 1904 2 8 5 .. Yonkers, N .Y ........... 4 l 1905 2 8 5 .. Yonkers (N. Y.) School 1940 D lst.............................. 3tfl 285 .. Youngstown, O. (3 is.). 6 841 A m ou n t. P rice $2 .,000 100 50 29,000 109 03 15,000 100 20,000 101 40,0001T107 3.500 103-97 10,000 105-83 35,000 101-50 5.000 101 06 12.000 102 50 18,000 103-50 29,000 100 100,000 102 17,669 103-745 50,000 10516 21,600 ICO 3,560 100 224,500 l e i 503 85,060 100 695 25,600 101 07 1,000,000 101-56 525,060 102-45 7,500 100 6,000 100 122,00 JI) 100 175,000 IT100 161,0< 0 105-62 12.000 100 50,000 108 75 14,0 JO 102-158 119,000 100 50,600 100 20,000 104-165 20,000 101125 5,500 100-20 7,000 101-47 5,000 101-29 100,000 100 26,000 100 42,000 101-90 8,400 100 4,500 100 8,000 102 25,000 100 10,000 •?i 105 102-30 50 000 100 90,000 100 50 9,500 100 8,000 100-60 200,000 103 12,000 102 291 9,000 101 833 1,250,000 98*2 32,000 100-417 18,500 102-22 10,000 101-238 150,000 100-349 1,500 101-066 130,000 36,000 20,000 28,000 7,000,000 2,100,253 160 100 14 102-287 110 006 104 568 ICO 1,500 21,000 50,000 100,000 104 107-714 102-25 10105 6,000 14,700 15,000 5,000 5,000 3,000 150,000 9,000 8,000 90,000 40,000 10,000 7,000 1,000 12,000 10002 100 107-166 100-20 100 100 101-225 100-611 100 100 101-687 100-25 100 105 100 20,000 71,670 7,754 4,000 22,000 24,000 37,000 3,700 12,000 30.000 12,710 4,000 10,000 1,800 30,000 8,000 75,000 40,000 106-379 1< 0 100 100 103 102-573 102-786 101013 96-91 101033 1101-745 102-575 10210 100-555 107-125 100 101-14 101044 20,000 102-515 150,000 101-57 45.400 100 09 15,000 100 29 5,000 100 24 3,610 10188 Total (102 munlolpaUtles, ooverlng 154 separate Issues)............................................. $15,677,966 Aggregate of sales for which no price has been reported (11 municipalities, oover lng 14 separate issues)................................. 263,830 _____Total bond sales for January 1903........ i$15,941,796 ■ Average of dates of maturity, t Subject to call In and after the earlier year and mature In the later year, i Not Inoluding $933,953 of temporary loans reported and which do not belong In the Ust; also does not Include $98,000 Canadian loans, f Taken by sinking fund as an Investment. 1And other considerations. THE 342 C H R O N IC L E . News Items. Douglas County, Neb.— Bond D ecision . —The following was recently received from a correspondent in Topeka, Kan.: “ In the case of J. Y. Niles, relator, vs. the State Auditor, in the Supreme Court of Nebraska, petitioning the Court for a peremptory writ of mandamus requiring the Auditor to register one of the Douglas County, Neb., 5% refunding bonds dated July 1, 1887, and issued under the law of 1885, the Court refased to grant the writ requiring the Auditor to register the bonds in question. In its decision the Court re affirms its former decision that the law of 1877 was repealed by the enactment of the law of 1883, and that as the law of 1885 was sought to be amendatory legislation of the law of 1877, previously repealed, therefore the Act of 1885 is of no effect.” See C h r o n ic l e June 14 and 21, 1902. Orangeville, Ida.— Bond Issue Valid.—The “ Salt Lake Tribune” of Jan. 18 contained the following : B o i s e , I d a ., Jan. 17.—T h e Suprem e C ou rt th is m orn in g b a n d ed d ow n a de cis io n in th e O ra n g ev ille bon a case, h o ld in g th e bonds v a lid . T h e principal co n te n tio n in th e ca sew a * th a t n o law e x isted f o r th e issu a n ce o f b on d s by v illa ge s, out th e C ourt b old s th a t th e L e g is la tu re has used th e term s " to w n s ” and ‘ villa ges” as sy n on y m ou s term s, and th a t th e p rov ision s o f th e sta tu tes g iv in g tow n s a u th o rity to issu e botads apply w ith eq u a l fo r c e t o villa ges T h e bODds in q u estion w ere v o t e d on J u ly 16, l&Og. 'j h e am ou n t w as f5,000, and th e p u rp ose o f th e issue was t h e ere c tio n o f a v illa ge b a ll and office b u ild in g and th e purchase o f a site. T h e case a rose o n th e appeal o f th e p la in tiff rin th e case o f W . (J. B row n vs. T h e V illa ge o f O ran gev ille, et al., fr o m an ord er o f th e D istrict C ou rt d e clin in g t o issu e a n In ju n ctio n a gainst th e iseu an ce o f th e b on d s. Henderson County, N. C.— B ond L itig a tion . —A case before the Federal Court in Greensboro is said to resemble in many respects the well-known Wilkes County and Stanley County bond cases According to the Raleigh “ News and Observer,” the suit is brought to recover interest on bonds issued by Hen derson County in aid of the construction of the Asheville & Spartanburg Railroad. This interest was paid for a number of years, but on the decision of the N. C. Supreme Court in the Wilkes County and Stanley County bond cases the county authorities of Henderson declined to pay any longer. The amount of the bond issue is $100,000. The plaintiff is the Traveler’s Insurance Company. The case will be heard on an agreed statement of facts. Attorneys for the plaintiff are Capt. Charles Price of Salisbury and Boone & Biggs of Durham; for the defense, H. G. Ewart and O F. V. Blythe. Lexington (K y.) School District.—Bonds L e g a l-C a fe A p pea led. — We are advised that a friendly suit is before the courts to test the legality of the $75,000 4% school-building bonds voted at the general election last November. Judge Parker of the local Circuit Court recently handed down his opinion that the bond issue is valid. The case is now before the Court of Appeals. Lima, O h io .- Sinking F un d .— The City Council on Janu ary 26 passed an ordinance creating a sinking fund for the purpose of gradually extinguishing the bonded indebtedness of the city. The ordinance provides that a tax be levied for this purpose; also that all premiums received from the sales of bonds be placed to the credit of this fund. Livingston County, Mo.— W a rra n t Paym ents Suspended .— The followiog is from the St. Louis “ Republic : C h i l x i c o t h e , M o., Jan. 22.—T rea su rer L. R . M errick this m orn in g susp en d ed p a ym en t o f L iv in g ston Count y w arrants issued sin ce J an uary l. T h e ca u s e o f th e T rea su rer’ s a ctio n was th a t h e b a d receiv ed a n o tice fro m A tt o r n e y E. Y . M itch ell, rep resen tin g W . K. C arter Jr., a Springfield cap ita list, th a t h e h eld ou tsta n d in g w arran ts issued b y p re v io u s cc u n ty co u rts, and th a t t h e s e w arran ts m u st b e paid o u t o f th e 1902 t a x c o lle ctio n s b e fo r e any w a r ra n ts issued in tbcb cou ld ce paid. W h ile L iv in g sto n C ou n ty w arran ts h a v e b een p rom p tly paid d u rin g th e past fe w years, I n ere are ou tsta n d in g w arran ts d a tin g fro m 1890 th a t h a v e b een ae d a r e d le ga liv issu ed . T h ese w arrants and th e ir a ccru ed in terest a m o u n t to a b o u t *3 .non. C arter’ s h old in g s, re c e n tly a cq u ired , a m ou n t t o $ 12,000. H is a tt o r n e y ’s c o n t e n t io n is t b a t t b e law p rov id es th a t ea ch y e a r’ s w arran ts m ust be tak en ca re o f by th a t yea r's ta x e s, and th a t all th e ta x e s co lle cte d tro m th e 1902 le v y a fte r all w arrants issu ed in 1902 h a ve been paid , c o n stitu te a surplus w hich m u st be used in p aying w arran ts issu ed p rior to 1902, b e gin n in g w ith th o se first p resen ted fo r p a ym en t and reg istered . I f this con te n tio n sh ou ld h o ld g o o d , 1993 w arran ts c a n n o t b e paid u n til ta x c o lle c tio n s are m ade n e x t f all. Murfreesboro, N. C.— B onds In va lid . —The State Supreme Court recently handed down an opinion holding unconstitu tional an Act under which this township issued some years ago $25,001) railroad-aid bonds. The railroad, in aid of which these bonds were put out, was built in 1892 and oper ated for five years by another road, after which the road was absndoned. Pima County, Ariz,—Bonds to b e F un d ed .— The following is from the Salt Labe “ Tribune” of Salt Lake City : P h o e n i x . A riz.. J a n u a ry !17.—T h e T erritoria l L oa n C om m ission has o r d ered t h e fu n din g o f th e Pim a C ou n ty R ailroad bunds In ills sum o t a b o u t $350.00o. p rincipal and b teres t, w h ich m eans th a t ih e h old ers o f th e bonds m a y e x ch a n g e th em f o r T erritoria l bn b on d s, th e in d eb ted n ess b ein g ch a rg e d t o th e co u n ty by tn e T e rr ito ry T he^e b on d s are b etter know n as th e d e fu n c t railr ad b on d s and were issu e d m a n y years ago fo r th e co n stru c tio n o f a n a rio w -g a u g e road fro m T u c s o n to G lo b e . T h e roa d was n e v e r built. Portland, Ore.—New C ity Charter. —The Governor on Jan uary 23 signed the legislative measure providing a new char ter for the city of Portland. This charter was passed upon by the people of Portland at an election held for that pur pose on June 2, 1902. The points of the new instrument which are of interest to investors were indicated in the C hronicle May 31, 1902. South Carolina.— B iennial Sessions o f L egislatu re.— The Senate on January 28 passed a bill which enables the people to vote on the question of biennial sessions of the State Leg islature. The vote stood 29 to 6. Stockman County, Ore.—New C ou n ty.—T he new county of Stockman, to be created by the bill ot Representative Bur gess, which passed the House January 23, will contain about 1.700 people and about 487 voters. The county seat is to be AAntelope. The assessed valuation in the limits of the proN^countv now amounts to about $900,000. The county [ V o l . LXXVI. will lie between Deschutes and John Day r^ers and between Crook and Sherman counties. Its area will be taken irum Wasco and Crook counties. Bond Calls and Redemptions. Multnomah County, Oregon.— W a r r a n t C a ll .—John M. Lewis, County Treasurer, has called for payment oounty warrants Class 36 drawn upon the general fund that were presented and indorsed “ Not paid for want of funds,” Oct. 14, 1901. Nebraska.— W a rra n t Call .—Treasurer Mortenson has is sued a call for $50,000 worth of warrants on the general fund, numbering 85,514 to 85,930, to be in by February 5. Red River, Atchafulaya and Bayou Boeuf Levee Dis trict (P. O. Alexandria), La.—B ond Call.— 3. R. Thornton, Secretary Board of Levee Commissioners, calls for payment March 15, at the office of the State Treasurer, bonds of Series “ A ,” issued Dec. 1, 1892. St. Joseph (Mo.) School District.— B ond C all.— E. A. Donelon, President, and Harry H. Smith, Secretary of the School Board, call for payment March 1 at the National Bank of Commerce, New York City, the following 1% 5-20-year (optional) refunding bonds, dated Feb. 15, 1898 : Nos. 6, 7, 9 to 34, inclusive, and 37 to 50, inclusive, each for $500. Bond Proposals and Negotiations this week have been as follows : Akron, Ohio.— Bond Sale.— On January 31 the five issues of 5# sewer bonds, aggregating $13,500, were awarded to Denison, Prior & Co,. Cleveland, for $13,550. For descripti on of bends see V. 76, p. 58. Albany, N. Y.—B ond Sale.—On February 6 the four issues of 3%% bonds, aggregating $179,500, were awarded as fol lows : $35,000 school construction and $29,000 grade-crossing bonds to the Binghamton Savings Bank at 102*02; $32,500 improvement bonds to the Commerce Insurance Co. of A l bany, in lots of $6,500 each at lOO’lO, 100 20, 100’28, 100’37 and 100’42, respectively; $83,000 improvement bonds in lots of $8,300 each; the State Comptroller purchased seven lots as follows ; 100 10, 100’19, 100’20, 100-31, 100 45, 100’55 and 100 62; the Uriion Trust Co. of Albany purchased three lots at 100’73, 100 79 and 100 86. For description of bonds see C h ronicle Jan. 31, p. 281. Arizona.— Bond Sale.— On January 30 the $29,000 funding bonds described in the C h ronicle Jan. 3 were awarded to Seasongood & Mayer, Cincinnati, at 109-03 for 5 per cents. Asbury Park, N. J.— Bond O ffering. —Proposals will be received until 5 p . m , February 9, by William C. Burroughs, City Clerk, for $300,000 bonds. Purpose of issue, $250,000 to purchase beach front and $50,000 for sewers. Denomina tion, $500. Interest, semi-annual. Maturity. 30 years. Cer tified check for \% of bid required. Bonds will be certified to as to genuineness by the United States Mortgage & Trust Co. of New York City. Atkins Special School District, Pope County, Ark.— Loan Bill Basses H ouse. —The House has passed a bill au thorizing this district to borrow money for school purposes. Ballard, Wash.—Bids R ejected. —All bids received Jan. 20 for the $20,000 sewer bonds were rejected by the City Coun cil at the meeting held Jan. 27. The bidders were Seasongood & Mayer of Cincinnati, 100*125 for per cents; Thompson, Tenney & Crawford Co., Chicago, at 101’25 for 5 per cents, and Weil. Roth & Co of Cincinnati, par for 4)^s, 103*75 for 5s and 109T5 for 6 per cents. Bayonne, N. J.— Bonds A u th orized . —The City Council on February 3 authorized the issuance of $100,000 bonds for the purchase of a site and the erection thereon of Public School No. 8 in the Second Ward. Bethlehem (Town) Albany County, N. Y.— B ond Sale.— W e are advised that the $3,000 A.% turnpike bonds described in the C h ronicle January 10 have been sold. Bowling Breen (Ohio) School District.— Bonds V oted.— This district on January 27, by a vote of 244 to 118, author ized the issuance of $15,000 school building bonds. Brookline, Mass.— B ond Sale. —This city recently sold to the Commonwealth cf Massachusetts the following bonds : $30,000 3 % i 1-15-year (serial) water scrip, $20 000 3 % t 1-20year (serial) land bonds, $30,000 3 % i 1-10-year (serial) land bonds and $40,000 3 % i 1-10 year (serial) Manual TrainingSchool bonds. Date or bonds, Jan. 1, 1903. Brookville, Ohio.—B ond Offering. —Proposals will be re ceived until 2 p. M., February 23, by Ira V. Miller, Village Clerk, for $24,000 5% water works bonds. Denomination, $1,000. Date, March 14, 1903. Interest semi-annually in Cincinnati. Maturity, $1,000 yearly on March 14 from 1913 to 1936, inclusive. Certified check on a national bank for $1,000, payable to the Village Clerk, required. Carroll County (P. 0. Delphi), Ind.—Bond Offering — Proposals will be received until 11 a . m.. March 2, by James C, Smock, County Auditor, for $58,000 free gravel-road bonds. Denomination, $580, Date, March 2, 1903. Interest May 15 and November 15 at office of County Treasurer. Ma turity, $2,900 each six months from Nov. 15,1903, to May 15, 1913, inclusive. Certified check for 3% of bonds, payable to Board of Commissioners of Carroll County, required. Each bidder must file an affidavit that he has not entered into any collusion or agreement with any person or persons in refer ence to bids. F e b r u a r y 7, 1903.] TH E C H R O N IC L E 343 Imlay City, Mich.—Bonds V oted .—By a vote of 180 to 19, Cass County (Neb.) School District No. 32.— Bond Offer \ng. —Proposals will be received until 8 p. m., March 9, by the proposition to issue $4,000 8% 20 year city-hall bonds car \ A. Jacobson, Director, for f 11,000 school-house bonds. Jaturity, $1,000 yearly on January 1 from 1905 to 1911, in clusive, and $2,000 on Jan. 1, 1912, and also on Jan. 1, 1918. )ate of bonds, Jan. 1, 1908. L Cincinnati, Ohio.—Bond Offering.—Proposals will be re vived until 12 m ., March 16, by Board of Legislation, care if Edwin Henderson, City Clerk, for $100,000 hospital >onds. Authority, Sections 2835, 2836 and 2837, Revised | Statutes of Ohio. Denomination, $500, Date, Jan. 1, 1903 interest semi-annually at the American Exchange National 3ank, New York City. Maturity, Jan. 1, 1928. Accrued in erest to be paid by purchaser. Certified check for 5% of the imount bid for, payable to the Clerk Board of Legislation, ■equired. Bonds P roposed. —The issuance of $1,000,000 8%% 50-year )ark bonds is proposed. Bonds Authorized. —The Board of ^Legislation on Jan. 26 iuth®rized the issuance of $25,000 8%$ bonds for the purpose >f condemning land necessary for street and highway purjoses, Denomination, $500. Date, Jan. 1, 1903. Interest iemi-annually at the American Exchange National Bank, New York City. Maturity, Jan. 1, 1923. Under the ordi lance the bonds are first to be offered to the sinking fund trustees, and in the event of their refusal to take the same, ihe securities are to be advertised for sale, i Columbus, Ohio.— Bond Sales.—W e are advised that the $122,000 4£ 10-30-year (optional) electric-light bonds, dated Jan. 1, 1903, and the $175,000 1% 10-80-year (optional) maintrunk-sewer bonds, dated March 1, 1908 (mentioned in the Chronicle January 24), will be taken by the Sinking Fund Trustees. Columbus (Ohio) School District.— Bond Sale — On Feb ruary 3 the $37,000 8 % i bonds described in the C h r o n ic le January 17 were awarded to O is, Wilson & Co., Chicago, at 102013. I Contra Costa County, Cal.—Bond Sale.—On January 30 $161,000 i.% 40-year court-house bonds were sold at 105*62, [one-half being taken by Hecht Bros, of San Francisco and one-half by the Union Savings Bank of Oakland. Cuyahoga County, Ohio.—B ond E lection. —This county, at the election next November, will submit the proposition to issue $250,000 memorial-building bonds to a vote of the peo ple. Despatch Fire District, Monroe County, N. Y — Bond Sale—We are advised that the $5,800 5% b mds offered but not sold on Dec. 15, 1902, have been disposed of. Dougherty County (P. 0. Albany), Ha.—Bond Sale.— On February 2 the $40,000 5# gold bonds described in theCHRONicle Jan. 31 were awarded to Robinson-Humphrey Co., At lanta, at 105*4875. Durant, Ind. Ter.—Bonds Voted and D efea ted .— This town has voted to issue $15,000 school-house bonds. Date of sale not determined. The issuance of $65,000 water bonds was recently defeated by 56 votes. El Reno (Okla.) School District.—Bond Offering.— Propo sals will be received until 8 P. M , February 12, by Dayton Munsell, Clerk Board of Eiucation, for $20,000 4£ school building bonds. Denomination, $1,000. Interest semi-annu ally in New York City. Maturity, 20 years. Everett, Mass.—Bonds Proposed.—This city seeks legis lative authority to issue $100,000 school-building bonds outside of the debt limit. Fitchburg, Mass.—Bonds Proposed.— A. bill before the Legislature authorizes the issuance of $91,000 20 year re funding hospital bonds. Fresno, Cal.—Bo'ids Defeated.— The election held January 20 resulted in the defeat of the proposition to issue $55,000 sewer bonds. We are advised that this matter will again be submitted to the voters at an early date. Geneva, Ohio.—Rond Sale. On January 27 $5,000 5$ water bonds, maturing in 1904, 1905 and 1906, were awarded to Weil, Roth & Co., Cincinnati, at 101*29. Following are the bids: W ell, R oth & C o.,C in cin n a ti..$5,0rt4 60 |State Sar. Bank Co., T o le d o . .$\047 60 W . J. H aves <fc Sons, C le v e .... 5,055 OO L am precht Bros. Co.. C le v e ... 5,007 50 P. 8. Briggs & Co., C ln c in ....... 5,065 00 | R. K leyb olte & Co., C incin....... 5,000 00 Gloucester, N. J .—D escription o f B onds.—The $16,000 , water-works bonds recently authorized will carry interest, payable at office of City Treasurer. Denomination, $1,000. Date, Jan. 1, 1903. Maturity, Jan. 1, 1933. Golden, Colo.—Bond S a le— The $100,000 5$ water bonds voted at tbe election held Dec. 29, 1902, have been sold, onehalf to J. W . Roby and one-half to R P. McDonald, at par. Greensboro, N. C.—Bond Election P roposed.—The Board of Aldermen has passed a resolution asking the Legislature for authority to call an election to vote on the question of issuing $250,000 water, sewer and street-improvement bonds. Harrison County (P. 0. Mississippi City), Miss.—Bond Sale.— On February 2 the $50,000 5% court-house bonds de scribed in the C h r o n icle Jan. 24 were awarded, it is stated, to F. R. Fulton & Co. of Chicago at 107. Havre, Mont.-Ronds Not Sold.— The $20,000 8% water works bonds advertised for sale on January 30 were not placed Bonds will be re-advertised in the near future. G. T. Sanderson, Town Clerk. Hoboken, N. J .—Bond Offering.—Proposals will be re ceived at 8 p.m., February 25, at the office of James H. L ond, ngan, City Clerk, for $15,000 5-year bonds. Hudson, N. Y .—Bonds Proposed. —This city desires legis lative authority to issue $250,000 water bonds. ried at the election held January 20. Jersey City, N. J.—Bond Offering.— Local papersjstate that proposals will be received until 3 p . m , February 18, for the $500,000 gold refunding water bonds offered but not sold on Aug. 6, 1902. Date, March 2, 1903. Interest, semi-annual. Maturity, 30 years. George R, Hough is City Comptroller. Kalamazoo, Mich.—Bond Sale.—The $50,000 8%% paving bonds offered but not sold on December 27 have been placed at par. For description of bonds see V, 75, p. 1316 Kearny, N. J.—D escription o f B onds.— The $90,000 4g re funding bonds recently awarded to the New Jersey Title Guarantee & Trust Co. of Jersey City are dated Dec. 1, 1902, and mature Jnne 1, 1925. Interest, June 1 and December 1. Denomination, $1,000. Kendallville, Ind.—Bond Offering.— Proposals will be re ceived until 12 M , February 16, by H. G. Misselhorn, City Clerk, for $20,000 4 refunding bonds Denomination, $500. Date, Feb. 16, 1903. Maturity, $2,000 yearly on Feb ruary 16 from 1909 to 1918, inclusive. Knox County, Tenn.— Bonds Proposed.—This county is considering the question of asking the State Legislature for authority to issue $500,000 road bonds. La Crosse, Wis.—Bond Sale.—On February 2 the $20,000 3V£% 10-20-year (optional) high school bonds described in the C h r o n ic l e Jan, 31 were awarded to the Pettibone Park Commission at 100*10. Following are the bids : P ettib on e Park C om m ission....lO O 'lO I Farson, L each & Co. (less $100 Jose, Parker * C o., B o s t o n .......100 07 I fo r legal exp en ses) ................... UXTOO Lenox, Tenn.—Bonds P roposed.—The Memphis ‘ Appeal ” on January 17 contained the following : M ayor R. J. R aw lins o f L en ox called on M ayor [W illia m s o f M em phis] y e s terday a fte rn o o n and subm itted to him th e legisla tive A ct enablin g th e tow n o f L en ox to issue JlO.OuO b ond s to e re ct a s ch o o l buildin g. T his A c t w ill shortly be introd uced in th e L egislature and pushed to im m ed iate passage. W h en duly passed and approved, th e m atter o f t be|l'J,000 bond Issue will be subm itted to a v o t e o f th e people o f L en ox . I f apDroved by them th e b on d issue will be m ade and placed. S atisfa ctory arrangem ents fo r th e placing o f these bonds have already been m ade. A ft e r tb e arrangem ents are m ade fo r placing th e b on d s L e n o x will be an n exed t o M em phis by legislative enactm ent, and th e city o f M em phis will a s sum e all con tracts o f th e tow n o f L e n o x . T h e A rtesian W a te r C om pany ser vice and a sew er system will th en be e xte n d e d to L en ox . T h e p resent to w n o f L e n o x will pass o u t o f e x is te n ce and Its city officers ele cte d last fa ll will go o u t o f office. Lewisburg, Tenn.— Bond Sale.— Local reports state that $2,500 of the $5,000 10 15-year (optional) electric-light bonds described in the C h r o n ic l e December 27 have been disposed of to the Bank of Lewisburg as 5 per cents. Ic Is thought that the remainiug $2,500 will be taken by the People’s Bank. Ligonier School District, Westmoreland County, Pa.— Bond Sale.— On February 2 the $20,000 4£ coupon bonds de scribed in the C hronicle January 17 were awarded to J. H. Frank of Ligonier at 102. The First National Bank of Ligonier, S. A. Kean of Chicago and W . J. Hayes & Sons, Cleve land, were also bidders for the bonds. Llnnens, Mo.— Bond Sale.— On February 2 $8,000 8% 5-20year (optional) electric-light and improvement bonds, dated Jan. 2, 1903, were awarded to W. J. Hayes & Sons, Cleve land, at 101*0125 and interest. Interest, semi-annual. Long Beach, Cal.—B jn d Sale — On February 2 the $35,000 5g 1 40-year (serial) sewer bonds described in the C h r o r ic l e January 24 were awarded to the First National Bank of Long Beach at 11314. Martin’s Ferry (Ohio) School District.—Bond Offering .— Proposals will be received until 6 p. m , February 28, byS. F. Dean, Clerk Board of Education, for $60,000 4g bonds. Au thority, Section 3993, Revised Statutes of Ohio, Denomina tion, $1,000. Interest, semi-annual. Maturity, $1,000 each six months from March 1, 1914, to Sept. 1, 1916, inclusive; $1,000 yearly on March 1 from 1917 to 1943, inclusive; $1,000 each 6 months from Sept. 1, 1943, to Sept. 1, 1946, inclusive. Memphis, Tenn.—Bids R ejected—Bond Sale.—Three bids were received. January 27 for $1,250,000 1$ 30-yeir water bonds—namely, N. W. Harris & Co., Chicago, at 96; Seasongood & Mayer, Cincinnati, at 95*625. and the Memphis Trust Co. at 95*50. These bids were all rej icted by the City Coun cil on Jan. 28 and the Water Committee authorized to sell the bonds at not less than par. Later, on January 28, at a meet ing of the Water Committee, the bonds were disposed of to N. W. Harris & Co. of Chicago at par, a private agreement being reached whereby the Chicago firm receives l % i com mission. The Memphis Trust Co. also receives % of I f for services as trustee. Middletown, Md.— Bond Sale.—On January 30 the $10,000 4% 20-year water bonds described in the C h r o n ic l e Jan. 10 were awarded $2,000 to Mias Nettie Levy at 103*50, $1,000 to Miss FanDie Sanner at 101*01, both of Middletown, and $7,000 to Chas. Waters of Frederick, Md., at 100 625. Milford, Ohio.—Bond E lection. —A special election will be held M trch 14 to vote on the question of issuing $25,000 4£ water-works bonds. Mineral Ridge, Ohio.—Bond Sale.— On January 20 $1,500 8% bonds were sold to the First National Bank of Barnesville at 101 066. Denomination, $500 Date, Jan. 1, 1953. Inter est, semi-annual. Maturity, $500 yearly on Jan. 1, 1904, to 1906, inclusive. Natchez, Miss.— Bonds Not Sold.—We are advised that the reported sale of $150,000 5-20-year (optional) water works bonds is incorrect. An ordinance providing for these bonds will be passed at the meeting of the City Council on February 5, after which they will be advertised for sale— probably early in March. Nelsou, B. C.—Debenture Offering.— Proposals will be re ceived until 4 p. m , March 16, by the City Clerk, for $150,000 electric light-extension debentures. 314 THE CHRONICLE New Albion (Town), Cattaraugus County, N. Y.—Bond OQering.—Proposals will be received until February 16 by S. F. Burger, Town Supervisor, for $15,000 4% highway and bridge-repair bonds. Date, day of award. Interest, Jan. 1 and July 1 at the Seaboard National Bank, New York City. Maturity, $1,000 yearly on Jan, 1 from 1904 to 1918, inclu sive. Above issue will constitute the only bonded indebted ness of the town. Assessed valuation, $653,447. New Boston (Tex.) Independent School District.—Bonds Approved.—The Attorney-General on January 31 approved an Issue of $7,000 bonds of this district. New London, Conn.—Bond Offering.—Proposals will be reoeived until 8 P, M , February 15, by John G. Stanton, M. D., President Board of School Yiei'ors, for $45,000 30-year school bonds. Denomination, $1,000. Date, Dec. 1, 1901. Interest semi-annually at office of City Treasurer. Certified check for $1,000 required. New York City.—Bond Issues.—The following issues of* corporate stock of New York City were taken by the sink ing fund as investments during the month of January : Amount *100,000 00 Purpose. Inter, st Rate. M aturity. 1922 A dditional W ater F und..................................... 3 Commission o f Engineers—Investigating 1922 3 New York & W estchester W ater Co.—pur 1922 chase o f plant and fr a ’ chtse.......................... 3 1952 3 1952 Im proved toilet facilities fo r city parks........ 3 1952 A rm ories................................................................. 3 1952 Botanical garden. Bronx Park . .................. 3 1852 A tlan tic A venue im provem ent, B rook ly n ... 3 Expenses Commission o f Estimate aud A p1952 3 1952 3 3952 3 1952 3 1952 8 Criminal Court Building 1922 3 W ater Fund-M anhattan 1923 3 W ater Fund—Brooklyn. 1952 3 1952 Im provem ent o f parks, parkways, etc ___ 3 Department o f H ealth —building fo r con1952 3 1952 D epartm ent Street < leanintr—stables............ 3 Assessm ent bonds—For, Washington Ridge 1904 R o a d ................................................................... 8 25,000 00 660,501 74 6,703 16 1.000 00 3,000 00 15,000 00 25,000 00 1,000 00 917,048 04 50,000 00 3,000 00 25,00'1 00 150,000 00 10,000 00 16,000 00 45,000 00 22,500 00 23,000 00 2,600 00 Total.......... ........................................................ Niagara Falls, N. Y.—Bond Sale.—On January 30 $50,000 hi 1-9-year (sfrial) paving bonds were awarded to John W. Fisher of Buffalo. NEW LOANS.____ [V o l . North Vernon (In d.) School District.—Bonds Authorized by Legislature.—The Legislature has authorized this district to issue bonds to build a school house. vgj Oneida Irrigation District, Idaho.—Bonds Not Sold.— We are advised by Arthur W. Hart, Secretary of the Dis trict, that the $371,500 1% irrigation bonds described in the Chronicle Dec. 20 were not sold. Mr. Hart adds that the district did not advertise its bonds to any extent after they learned that the State Engineer of Idaho was endeavoring to have the State Legislature pass laws authorizing the State to invest in irrigation bonds in the same manner that invest ments are now made in school bonds. If the suggestion be comes a law the District hopes that it will he able thereby to obtain a better interest rate than it can at present. Otsego (Town), Otsego County, N. Y .—Bond Offering.— Proposals will be received until 1 p . m ., February 16, by Harvey K. Mnrdock, Cooperstown, for $14,500 8 refund ing bonds. Denomination, $500. Date, March 2, 1903. In terest, March 1 and Sept. 1 at the Seoond National Bank of Cooperstown. Maturity, March 1, 1923. No conditional bids will be considered. Certified check payable to the Railroad Commissioners for h% of bonds bid for, required. Owosso, Mich.—Bond Offering.—Proposals will be received until 2 p . M ., February 14, by tne Committee on Ways and Means, for $15,000 4% 15-year general-fund bonds. Date of bonds, March 2, 1903. Interest semi-annually in New York, Chicago or in Detroit. Page County (P . O. Luray), Ya. —Bond O ffering.— Propo sals will be received until 12 m., February 20. by F. W; Weaver, Clerk, for $69,000 4i refunding bonds. Denomina tions, $100, $500 and $1,000. Date, May 1, 1903. Interest annually on May 1 at the offi 36 of the County Treasurer. Bids are asked on bonds maturing as follows : First—$3,000 yearly on May 1 from 1904 to 1910, inclusive; $4,000 on May 1, 1911, $4,000 on May 1, 1912, and $40,000 on May 1, 1928, the $40,000 due May 1, 1923, being subject to call after May 1, 1913. Second—Bids based on bonds maturing May 1, 1923, subject to call after May 1, 1913. Pemberville, Ohio.—Bond Sale.—On February 2 $1,600 5? 1-5-year sewer bonds dated Feb. 2,1903, were awarded to th* State Savings Bank Co. of Toledo at 100*469 and interest Denomination, $320. Interest, March 1 and Sept. 1. INVESTMENTS. M UNICIPAL INVESTMENTS. Evansville Gas & Electric Light Co. 5 s. ^ 5 0 ,0 0 0 Evansville, Indiana. AND Springfield Gas &. Electric Co. 5s. Cascade County, Montana, SpriDgfield, Mo. Niagara Light, Heat & Power Co. 5s. Tonawanda and North Tonawanda, N. Y. COUPON BONDS. Citizens’ Heat & Light Co. 5s. N otice is hereby given that in pursuance o f pro visions o f A rticle 4, T itle 1, Part 4, o f the Political Code o f the State o f M ontana, and o f an order duly made by the Board o f County Commissioners o f Cascade County, State o f Montana, at a meeting of said Board held on the eighteenth day o f December. 1902, the said Board o f County Commissioners of Cascade County, will, on the 10TH D A Y OF FEB R U A R Y , 191:8. A T TEN O’CLOCK A . M. o f said day, at the County Treasurer’s Office in th e County Court House, in the City o f Great Falls, Cascade County, Montana, under and by virtue o f such power conferred upon them by law, and by virtue of the order aforesaid, authorized by a majority o f the electors o f Cascade County at the General Election held Novem ber 4th ln02. sell coupotxbonds o f Cas cade County. State o f M ontana, to the am ount o f Filtjy Thousand Dollars, drawing interest at the rate o f fou r per centum per annum, payabl e semi-annually on the 1st day o f January aud the 1st day o f July o f each year, which bonds will be o f the denom ination o f One Thousand Dollars each, and shall be redeem able and payable Twenty years from the date o f their issue. The said coupon bonds will be made payable at any National Bank designated by the purebaser, and the County will deliver said bonds at such bank to the order o f such purchaser, Tne interest on said bonds will be payable at the Office o f the County Treasurer o f said Cascade County. Sealed proposals fo r the purchase o f said bonds will be received up to the time o f sale, and the party or parties offering the highest bid th erefore will receive the amount o f such bonds as he or they may offer to buy. A N ew Y ork draft or check certified by a Great Falls Bank, payable to the order o f the County Treasurer o f Cascade County, to the am ount o f Twenty-five H undred Dollars, will be deposited with the County Treasurer by each bidder as a guar anty o f good faith. Said Board o f County Com missioners reserves the right to reject any and all bids. Bids should be marked "B ids on Bonds,” (and ad dressed to F red .L . Hill, County Clerk, Great Falls, Cascade County. Montana. B v order o f the Board o f County Commissioners o f Cascade County, Montana, VIN CEN T FORTUN E, County Clerk. Burlington R ailw ay Sc Light Co. 5s. T . B. P O T T E R , MUNICIPAL and CORPORATION 172 C H IC A G O , d a Kl n C Washington Street, IL L S . LIST ON APPLICATION. VICKERS & PHELPS, 15 W all Street New York. INVESTMENT BROKERS, H IG H E S T GRADE RAILROAD B O N D S . LXXVL Public Service Corporatioi BONDS. Elw ood. Indiana. Burlington, Iowa. W rite fo r Special Circular. E. H. ROLLINS & SONS MASON LEW IS & CO., BOSTON. BANKERS. Boston, 60 Dev mshire Street. Philadelphia, 505 Chestnut Street. Chicago, M onadnock BulidlDg. Chas. S. Kidder & Co., BONDS, 184 LA SALLE STREET, C H IC A G O D e n v e r. R. F. M • 71 San F ra n c isco FUL I ON & CO. u n ic ip a l LA ____ SALLE BANKERS, NO. 1 0 W A L L S T R E E T , NEW YORK. D E A L E B 8 IN INYESTMENT and MISCELLANEOUS SECURITIES. S o u th e r n S e cu ritie s a S p e cia lty . MacDonald, McCoy & Co., MUNICIPAL AND CORPORA T/OA BONDS. 171 La Salle Street, Chicago. STREET C H I C A G O._____ IN YESTM EN T BONDS, SEN D R. A. Lancaster & Sons, B onds, FO R LIST. OENISON, PRIOR & CO C L E V E L A N D .________ B Q 8 T O N . CHOICE OKLAHOMA FIRST MORTGAGE! On Im proved Farm , K ettln g th e I n v e s t o r 0 p e r c e n t lnteresi Send fo r booklet and latest o fe rin e- WINNE & WINNE, W i n n , B nlld ln g, W I C H I T A . KAN8A1 Mention this paper. MUNICIPAL BONDS. E. C. STANWOOD & CO, BANKERS. 121 Devonshire Street, BOSTON._______ _ Blodget, Merritt & Co., O. F. RICHARDSON BANKERS, 16 Congress Street, Boston. 30 NASSAU STREET, NEW YORK. STATE, CITY & RAILROAD BONDS. Bankers’ and Brokers’ LOANS. Drexel Bnilding, New Yor F ebruary THE 7, 1903.] C H R O N IC L E Perry, Okla.— B ond Sale .—On January 16 $50,000 5 water-work8 bonds were awarded to John Nnveen & Co. of Chicago at 102-25. Denomination, $1,000. Date, Jan. 1, 1903. Interest, semi-annnal. Maturity, $5,000 yearly on January 1 from 1924 to 1933, inclusive. Petoskey, Mich.— B ond Offering .—Proposals will be re ceived until 7:30 p. M., February 17, by David R, Jones, City Clerk, for $19,735 4 l water works-improvement bonds. De nomination, $1,000. Date, March 2, 1903. Interest annually at the Chase National Bank, New York City. Maturity, 20 years; optional after 10 years. Phoenix, Ariz .—B ond E lection .—An election will probably be held in March to vote on the question of issuing $300,000 5# water bonds. Plttsbnrgh (Pa.), Brushton Sab-School District.—B ond E lection .—At the regular spring election February 17 the question of issuing; $48,000 bonds will be submitted to the voters of this district. Portland, Me.—Loan Offering —Geo. H. Libby, City Treasurer, will receive bids until 2:30 p. m,, February 11, for the discount of $100,000, $150,000 or $200,000 temporary loan notes. Notes to be dated the day of issue and will be payable Oct. 1,1903, without grace, either in^ New York, Boston or in Portland. Portsmouth, Ohio.— B ond Sale .—On February 2 the $11,000 4£ East Fil th Street improvement and the $4,000 4% streetimprovement bonds described in the C h r o n ic l e January 10 were awarded to the First National Bank of Portsmouth for $11,025 and $4,010, respectively. Punxsutawney, Pa — B ond Offering .—Proposals will be received until 8 p. m„ February 14, by Ira J. Campbell, Bur gess, for $13,000 4% refunding coupon bonds. Date, Jan. 1, 1903. Interest semi-annually (free of State tax) at the Punxsntawney National Bank. Maturity, “ optional at pleasure of borough after 15 years from date.” Accrued inter est to be psid by purchaser. Certified check for 2% required. St. Paul. Minn.—B ill Legalizing B on d s .—The House hae passed a bill legalizing an issue of $99,000 armory bonds au thorized by the Common Council of this city. San Bernardino, Cal.— B onds A u th orized .— Ordinances passed the Board of Trustees on January 6 authorizing the issuance of the following bonds : $163,000 436 1-40 -y ear (serial) g o ld “ H u b b a r d ” w ater bon d s. D e n o m in a tio n . $815. 68,000 4% 1-40 yea r (serial) g o ld “ A n til-R a n ch ” w a ter b on d s. D en om in a tion , $850. Date of bonds, April 1, 1903. Interest semi-annually at office of City Treasurer. Date of sale not determined. San Buena Yentura, Cal.— Bonds V oted.— The election held January 26 resulted in the vote below being cast in favor of issuing the following bonds : $8,001 s e w e r-e x te n s io n b on d s. V o te , 224 t o 01. » , 00 o A sh S treet s to r m -s e w e r b o n d s. V o te , 251 t o 113. 18,010 P o ll, C hestn ut, C a liforn ia and Oak streets storm sew er b o n d s. 209 t o 1 19. 8.000 to w n -h a ll and lib ra ry b o n d s. V o te , 282 to 81. 2.000 s tr e e t crossin g b o n d s. V o te , 27« t o 85. 3.000 p laza-sid ew alk b on d s. V o t e , 250 to 101. F a rgon .L ea ch & C o..rN ew Y o rk .* 1 0 0 ’ 77 I „ Dick A R o b in so n , N ew Y o r k ___+100'39 | " * B o n d s ta x a b le in P en n sy lv a n ia. J. F. W ILD & CO., BONDS WE OWN AN D SUITABLE OFFER 8 2 5 ,0 0 0 Indianapolis Water Co. General Mortgage 5% Bonds. Savings Banks, Trust Companies, Trust Funds, Individuals. Rudolph Kleybolte & Co., W r i te or apply for particulars. FAES0N LEACH & 00. Public Securities, C H IC A G O . NEW Y O R K . (*100-173 1 1100*413 + B o n d s n on t a x a b le in P e n n sy lv a n ia . T R U S T C O M P A N IE S . 0 vceRB ° 0 FOR 1 N ASSAU ST.. N E W Y O R K C IT Y Price to net W. HarriB A Co. N. Y....... D'-nominatioo, $1,000. Maturity, $16,000 Oit. 1, 1907, $16,000 Oct. 1, 1912, $17,000 on October 1 of each of the years 1917, 1912, 1927 and 1932. Sherman County, Texas.— Bond S ale .—The $7,000 bridge bonds mentioned in the C h r o n ic l e January 17 have been sold to the State Board of Education at par. Denomination, $500. Interest, 4%. Maturity, Nov. 21, 1912; subject to call after Nov. 21, 1907. South McAlester, Ind. Ter.—Bond O ffering .—Proposals will be received until 7:30 P M,, February'/3 by the City Clerk, for $150,000 water-works and sewer bonds. Denomi- IN V E S T M E N T S . In d ia n a p o lis, In d . V o te . San Miguel County, Colo.—B ond S ale.—la the C h r o n ic l e last week we published the call for payment January 20 of $90,000 outstanding bonds of this county. W e are advised that bonds were issued to refund those called for payment and were sold to E. H. Rollins & Sons, Boston, at par. De nomination, $1,000. Interest, 6£. Maturity, Jan. 1, 1928; optional after Jan. 1, 1913. Schenectady, N. Y.— L oans P rop osed .—A bill now before the Legislature permits a loan of $60,000 to repair upper Union Street. A loan of $400,000 for sewers is provided for in another bill. Scranton, Pa.— Bond Sale.— On February 4 $100,000 judgment funding bonds were awarded to Farson, Leach & Co., New York, at 100’77 for taxable bonds. Following are the bids : I IN V E S T M E N T S . BANKERS 3 45 Perry, Coffin & Burr, IN VESTM EN T BONDS T R U S T CO. ^ Deposits, $33,388,983 37 No. GO B R O A D W A Y , No. 2 3 4 F IF T H AVENUE. No. 100 W E S T ] 2 5 T H ST R E E T . CHARLES T. BARNEY, President. FRED’E L. ELDRIDGE, 1st Vice-President. JOSEPH T. BROWN,2d Vice-President. JULIAN M.GERARD.3d Vice-President. FREDERICK G. KING, Sec. and Treas. J. McLEAN WALTON, Asst. Secretary. HARRIS A. DUNN, Asst. Treasurer T R U S T D EPAR TM E N T. WILLIAM B. RANDALL, Trust Officer. H A R L E M BR A N C H . B. L. ALLEN, Manager. 60 State Street, "The Oldest lYust Company in Oregon." BOSTON. BOSTON . PH ILA D ELP H IA. In co r p o ra te d A p ril 22,1887. PORTLAND TRUST COMPANY THE GRAND P R IX T he A m e r i c a n M f g . C o . MANILA, SISAL AND JUTE B. LEE PAGET, Secretary. C O RD A G E. SECURE BANK VAULTS. 63-65 Wall Street, New York. The cheapest that are good; the best at the price. v J i_\| XJ rx and OF O R E G O N . Transacts a general Trust, Agency and Bank lng business; makes collections, and issue* Interest-bearing Certificates of Deposit, at rate* fixed by the terms of the Certificate. BENJ. I. COHEN, President. stock CERTIFICATES partly lithographed and partly printed ; finished In a few days| handsome design*; must bo seen to he appreciated. Send for samples. A l b e r t J5. k i n o - & C o ., Engravers and Lithographer*. (telephone Connection.) 105 William St., New York. WHITING’S STANDARD PAPERS. They are the only Amerioan papers which hav< ever received thle—the highest honor that oan b« conferred. It means they are the most perfect made. Insist on having them for your flne oorres pondenoe and your offloe stationery. Are yon nslns Whiting’s Ledger Papers In your Blank-Books Samples and booklet free. QENUI NE WELDED CHROME STEEL ANDIRON ttoond and Flat tsars and 6-Ply Plates and A n g le FOR SAFES, VAULTS. A c. Cannot be Sawed. Cnt or Drilled, and positively W HITING PAPER COMPANY, Burglar Proof. CH R O M E ST E E L W O R K S . D O L Y O K E , m ASS.. Kent Ave., Keap and Hooper 8tA, And 150 Duane Street , N ew Y ork . gale ManTers in the U.S. B R O O K L Y N , N. X THE CHRONICLE 346 nation, $1,000. Date, March 1, 1903. Interest (bids to be made on 4%, 4%i and 5$ bonds) will be payable March 1 and September 1 in Sonth McAlester or in New York City, as de sired by purchasers. Maturity, March 1, 1923. Accrued in terest to be paid by successful bidder. Certified check for $5,000, payable to the Mayor, required. Each bidder must state that he has investigated as to the legality of the bonds and is satisfied of their validity. The city has no municipal bonded debt other than the above. The assessed valuation for 1902 was $1,534,909 on personal property only—real estate not being taxable until 1904 Springfield, Ohio.—Bond Ottering.—Proposals will be re ceived until 7:30 P. M.., March 8, by R, N. Lantz, City Clerk, for the following bonds: $30,000 coupon police department bonds, dated Feb. 1, 1903. M aturity, $5,00j yearly ou Sept. 1 from 1908 to 1911, Inclusive. 80,000 4% coupon bospwal bonds, dated March 1, 1908. Maturity, $5,000 yearly cn Sept. 1 from 1913 to 1917, inclusive. Denomination, $1,000. Interest, March 1 and Septem her 1 at office of City Treasurer or at the Importers’ & Traders’ National Bank, New York City. Certified check for $1,000 required with bids for each issue. Authority, Sec tions 2835, 2836 and 2837, Revised Statutes of Ohio. Accrued interest to be paid by purchaser Summit, N. J —Bond Sale.—On February 8 the $10,000 4# 25-year school bonds, dated Feb. 16, 1903, were awarded to Thompson, Tenney & Crawford, New York City, at 101'531. Following are the bids : Thom pson. Tenney & Craw ford, I S. A . Kean, Chicago..................... 10PC5 New Y o rk .................................... 101'531 I VV. R . Todd & Co., New Y o r k ...101*00 For description of bonds see Chronicle, V. 76, p. 227. The Dalles, Ore.—Bond Bill Passes House.—The House has passed H. B. No. 78, authorizing the issuance of addi tional water bonds. Victoria, B. C.—Debenture Offering.—Proposals will be re ceived until February 16 by Wellington J. Dowler, C. M. C., for $200,000 4% sewer debentures Denomination, $500. Date, Dec. 1,1902. Interest semi annually in London, New York, Montreal or Victoria, Maturity, Dec. 1,1952, Accrued in terest to be paid by purchaser. Washington County (P. O. Granville), N. Y.—Note Off-.r ing.—Proposals will be received until 2 p , m ., February 14 by Henry Welch, County Treasurer, for ten notes of $500 [V o l . LXXVI. each and fifteen notes of $1,000 each. Notes carry 4% inter est and will mature Feb. 14, 1934. W ellsville, Ohio.— Bond Sale.— The following bids were received February 2 for the three issues of 5£ 1-10-year (serial) street-improvement bonds, aggregating $14,140, de scribed in the Chronicle Jan. 24 : Premium. PremiumR. K leybolte & Co., Cincinnati.$551 46 Seasongood & Mayer, Cincin....$303 11 Feder. Hotemanjjfc Co., C lncin.. 6M7 72 W eil, Roth & C o.,C in cin n a ti.... 359 80 Thom as Johnston, Steubenville 471 00 Lam precht Bros. Co., C leve...... 835 CO Stale Sav. Bank Co., T oled o....... 437 60 Spitzer & Co., T oled o................... 823 00 P. S. Briggs & Co., C incinnati.... 430 00 VV. J. Hayes & Sons, Cleveland. 277 00 West Bend, VVIs.—Bond Sale.—On January 30 $4,000 5% 1-8-year (serial) fire-engine bonds were awarded to the Bank of West Bend at 102 575. Following are the bids : Bank o f W est Bend ...............$4,103 00 Thompson, Tenney & Craw ford Co.. Chicago.................... 4,102 03 W ell, Roth & Co., Cincinnati.. 4,090 40 K. L. Fuller & Co.. C leveland.. 4,081 00 Trowbridge & N lverC o., Chic.. 4,055 (JO Lam precht B ros.C o., C leve.. $4,04120 Stoddard, Nye & Co.. M inn__ 4.041 00 M acDonald, M cCoy* Co..Chlc. 4.028 00 FlrstNat. Bank, B a rn esv ille.. 4,020 00 S A. Bean, C hicago................ 4,020 80 Farson, Leach & Co., Chicago. 4,000 00 * A nd blank bonds. Westerly, R I.—Bonds Proposed.—A loan of $150,000 for the purpose of acquiring or purchasing electric and gas lighting plants is provided for in a bill-now before the Legis lature. Whatcom SchooRDistrict No. 1, Whatcom'Connty. Wash. —Bond Offering —Proposals will be received until 10 a . m., February 23, by F. F. Handsehy, County Treasurer, for the $65,000 bonds authorized by a vote of 541 to 265 at the elec tion held Jan. 17, 1908. Interest must not exceed 5£, and will be payable semi-annually at the fiscal agency of the State in New York City. Maturity, 20 years, subject to call after 10 years Winchester, Tenn.—Bond Bale.—This city has sold $20,000 H 15-year gold water and light bonds to T. A. Embrey, VicePresident of the Bank of Winchester. Bonds will be issued February 10. Worcester, Mass.— Temporary Loan.—This city has ne gotiated a nine months’ loan of $100,000 with the Worcester County Institution for Savings at 4%. Yakima County (W ash.) School District No. 68 —Bond Sale.—On January 81 the $20,000 10 20-year (optional) bonds were awarded to Thompson, Tenney & Crawford Co., Chi cago, at 102*515 for 5 per cents. TR U S T COMPANIES. FIDELITY TRUST COMPANY, NEW ARK, N. PAYS J. ON DAILY IN T E R E S T BALANCES, SUBJECT TO i Morristown T rust Co*t 9 MORRISTOWN, N. J. $ 3 ,4 9 2 ,6 4 9 20. O F F IC E R S: D IR EC T O R S: J erome Taylor, John F. Dryden, W m . N. Coler Jr. Jas. W . Alexander, Janies H . Hyde, W illiam H . Staake, Leslie D. W ard, Forrest F. Dryden, Henry S. Redmond, Thos. N. McCarter, Edgar B. W ard, Charles A . Felck, Bernard Strauss, W illia m Scheerer, J ohn C. Etaele. 8 . B. J ackson, Uzal H . McCarter, W m . H. McIntyre. H . R . Wlnthrop, Anthony R. Kuser, Robert H . McCarter, Otto II. Kahn, Henry M. Doremns, M ark T. Cox, Jacob I W ard. The Merchants’ Loan & Trust Company, Chicago. C A P IT A L AND SU R PLU S, S 3 ,8 0 0 ,OOO GENERAL BANKING. Accounts of Banks, Merchants, Corporations and Individuals solicited on favorable terms. Trusts of all kinds accepted and executed. Foreign Exchange. Savings Department. High Grade Bonds. Safe Deposit Vaults. DIRECTORS: Marshall Field, C. H. McCormick, A. H. Burley, A lbert Keep, Lambert Tree, E. H. Gary, Hllas T. W atkins, E. M. Phelps, E. D. Hulbert, M. J. W entw orth Enos M. Barton Orson Smith. NEW YORK. Capital, $2,500,000 Surplus,$2,500,000 $ 1 ,5 0 0 ,0 0 0 OO. U ZAL H . M cC A R T E R ........ ..........President JOHN F. D R Y D E N ,............ Vice-President TH O M A S N. M cCARTER. 2d Vlce-Pres. S i Gen. ConnBel. JEROME T A Y L O R .................. Trust Officer F R E D E R IC K W . EGNER. Sec. and Treas. JA M E S H . SH AC K L ET O N , Asst. Sec. S i Asst. Treas. 26 B R O A D W A Y CHECK PAYABLE IN N EW YORK EUNDS. C a p ita l, S u rp lu s a n d U n d iv id e d Profits, 3% BOWLING G R E E N TRUST CO., SAMUEL FREEMAN, PRESIDENT. Capital, $600,000 Surplus and Profits, 1,541,197 Deposits, 4,766,466 • Maryland Trust Co., O FF IC E R S: E D W IN G O U LD ...............................President W IL L IA M H . T A Y L O R ....l e t Vice-Free. JOHN A . H I LTON, 3d VIce-Pree. S i Treas. W IL L IA M M. L A W S ...................Secretary D IRECTORS: M yron T. Herrick, Charles P. Armstrong. R ob ert H ockey, Geo. R . Bldwell, Edward R. Ladew, Frank Brainard, W illiam M. Laws, R obert C. Clowry, J. W .M idden dorf, Edmund C. Converse, Winslow S. Pierce, Wm. Nelson Cromwell, Edward D. Street, Grenville M. Dodge, W illiam H . Taylor, Edwin Gould, Edward R. Thomas, Frank Jay G ould, John P. Truesdell, George J. Gould, John Skelten W illiam s, John A . H ilton, E. F. C. Young. T h e T rustCo.ofAmerica It, W . Corner Calvert and German Street*. B A L T IM O R E . 149 B R O A D W A Y , (Northwest Corner Liberty St.) C A P IT A L , - - $2,125,000. S U R P L U S ,- -1 $2,437,500. C a p i t a l .............................. $ 2 ,3 0 0 ,0 0 0 OO surplus A: Undivided Profits, 3 ,1 5 0 ,0 2 8 32 Allows Interest on Daily Balances, A Legal Depository for Court and Trust Fuads 8A FE DEPOSIT BOXES F O B RENT. A cts as Financial A gen t for States, Cities. Towns Railroads and other Corporations. Transacts a gen eral trust business. Lends m oney on approved security. Allow s interest on special deposits. Acts as Trustee under Mortgages, Assignments and Deed, o f Trust, as Agent fo r che Transfer or R eglstratioi o f Stocks and Bonds, and fo r the payment o f coupons interest and dividends. J. WELLCOX BROW N, President. H E N R Y J. BOWDOIN, 1st Vice-President. L LO YD L. JACKSON. 2d Vice-President. J. B E R N A R D SCOTT, Secy. & Treas. CA R R O LL V A N NESS, Asst. Secy. A Treas. D IR E C TO R S: Wm. A . Marburg, J.W illcoxB row n, J. A. Tompkins S. Mandelbauni B. N. Baker, H. J. Bowdoin, Leopold Strouse, Fred’k W . W ood, John Pleasants Andrew D J on es, J. L. Blackwell. Henry Walters, W. B. Brooks Jr., Joshua Levering, Geo. C. Jenkins John 8. Wilson Lloyd L. Jackson, James Bond, G. A. von Lingen, J. S. Lemmon. H. A . Parr, L. F. Loree. Clayton C. Hall, OFFICERS: Ashbel P. Fitch, Pres. Wm. Barbonr, V.-Pre». Wm. H. Lenpp, V.-P. H. S. Manning, V.-P. R. J. Chatry, Sec’y. A. L. Banister, Treas, Ashbel P. Fitch, Wm. Barbour. II. S. Manning, Sami. A. Maxwell. MyronT. Herrick, Emers. McMillin, Jas. M. Donald, Jesse Spalding, DIRECTORS: George Crocker, iC. I. Hudson, Edw.C. Schaefer, Philip Lehman, S .C . T .D odd, Geo.Blumenthal, J o e lF . Freeman, Frank Jay Gould, Anson R Flower, Wm. A. Clark, H. S. Redm ond, John W . Griggs, Jno.R. Hegeman .Edwin Gould, George C. Boldt, IOWA AND MINNESOTA Max B. Borg, BONDS. BR O K ER IN INVESTM ENT SECURITIES, JO BROAD STR EET, subject to cheek through the New York Clearing house or payable at sight, and on Certificates o f Deposit. A cts as Trustee, R eceiver, Committee, Executor, Guardian, Adm inistrator, Assignee, Registrar, Transfer and Fiscal Agent. - N EW YORK. 5* MUNICIPALrBONDS, Correspondence Invited. M A R R Y B . P O W E L L & CO. Woodstock, Vermont.