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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.

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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
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105
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76
149% 150%
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40
79
79
* .......... .. 8 5
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93
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87%
87%
74%
74%
47%
48
80
81
67% 67 %
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16
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57
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25

61 %
*87%
*74
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66%
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61%
87%
75
48
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16
57
25

24%
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1 0 1 % 1 0 1 %
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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
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74
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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%
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65
*56
65
*59
6 8
*47
50
47%
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49
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120
*113
119
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118
1 0 1

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80
126% 127
144% 145%
1 2 2
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137% 138%
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126%
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1 2 1
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137% 138
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74
124
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87
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108
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115
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219
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80
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146
123%
138%
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90
25%

107
107%
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74%
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125
125
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60%
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108
108
19%
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38
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150
150%
41%
42
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115
*80
84
2 2 2

34%
74%
93
69%
6 8
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97
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74
150%
151%
*33
38
81
81%
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87
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115
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48%
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81%
81%
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67
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16
57
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24%

N E W

* i0 7
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1 2 1
74
74
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126
28%
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60%
61%
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108% 108%
19
19%
33
38
150% 151
41%
41%
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115
*80
85
2 2 2
§2 2 1% 2 2 1%
35
34%
35%
74%
74%
75
93%
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69%
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71
105
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105
78
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77
151%
151
151%
38
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38
81%
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82
85
* ............. 8 5
92
* 8 8
92
1 1 2
*108
1 1 2
64%
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8 8 %
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89%
76
76%
78
49
48%
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81%
81%
82
67%
67%
67%
16
15
15
57
55%
56
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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
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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.
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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

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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.

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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.