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The Mutual Life Insurance Company OF NE""V\-T" YORK. RICHARD A. McCURDV, President. Statement for the Year Ending December 31st, 1902. According to the Standard of the Insurance Depa,•tment of the State of New Yo,-k. INCOME. Received for Premiums From all other Sources $56,8 M,062 lo •~,480,960 59 873,SOo,Oti 74 DISBIJRSEMENTS. To Policy-holders for Claims by Death To Policy-holders for Endowments, Dividends, etc. For all other Accounts $17,529,400 61 11,680,201 60 lo,040,650 U $U,lo0,30'1 68 United States Bonds and other Securlti l,lrst Lien Loans on Bond and Mortgag Loans on Bonds and other Securities Loans on Company's own Policies Real Estate: Compan)'s Office Boildio San Francisco, Seattle, Sydney a Cash in Banks and Trust Companies Accrued Interest, Net Deferred Premiums, $220,140,306 81,566,584 10,278,000 H,620,874 02 60 00 '19 n, Philadelphia, 32,833,823 45 15,677,925 78 7,315,666 66 $382,432,681 so 7 ~. LIABILITIES. Liability for Policy Reserves, etc. Liability for Contingent Guarantee Fund Liability for Authorized Dividen<ls $314,293,458 19 65,119,228 11 8,020,000 00 $382,432,681 so Insurance and Annuities in force $1,342,912,062 31 I have carefully examined the forearotnar Statement and find the same to be correct1 ltabllltle11 calculated by the Jnsarance Depa1•1ment. CHARLES A. PRELLER, Auditor. BOA.RD OF TR"llSTEES: RICHARD A . McClJ RDY, JAMES C. HOLDEN, HERl1ANN C. VON POST, ROBERT OLYPHANT, GEORGE F, BAKER, DU OLEY OLCOTT, FREDERIC CROMWEl,L, ,JULIEN T . DAVIEFI, CHARLES R. Hll:NDERSON, RUFUS W. PECKHAM, J HOBART HERRICK, WM. P. DIXON, ROBERT A. GRANNlSS, HENRY H. ROGERS, JOHN W. AUCHINCLOSS, THEODOR~ MORFORD, \'\'lLLIAM BABCOCK, STUYVESANT FISH, AUGUSTUS D. JUILLIARD, CHARLES E. MlLL"ER. WALTER R. GlLl -ETTE. GEORGEG. HAVEN, GEORGES. BOWDOIN, ADRIAN !SELIN JR., WILLIAM C. WHITNEY, WILLIAM ROCKl!JFELLER, JAMES N. JARVIE, CHAS. n DlCKEY, ELBRIDGE T, GERRY, JAMES SPEYER, CHARLES LANIER, H . .McK. TWOMBLY, WM, H. TRUESDALE, DUMONT CLARKE, CORNELCUS VANDERBILT, EFFINGHAM B. MORRIS. ROBERT A. CRANNISS, Vice-President. WALTER R. GILLB:TTE, General Manager. ISAAC F. LLOYD, 2d Vice President. JOHN A. FONDA, Sd Vice-President. WILLIAM J. EASTON, Secretary. DUER duP. BRECK, Corresponding Secretary. ALBERT KLA.MROTH, Assistant Secretary. FREDERIC CROMWELL Treasurer. JAMES TIMPSON, Assistant Treasurer. WILLIAM P. SAND~, Cashier. EDWARD P. HOLDEN, Assistant Cashier. EMORY McCLINTOCK, Actuary. JOHN TATLOCK JR .. Associate Actuary. WILLIAM A.HUTCHESON,AssociateActuary. CUARLES A. PRELL ER • .Auditor. WILLIA '1 W, RICHARDS, Comptroller. C. CLIFFORD GRE'l'SINGER, Assistant Auditor. HENRY 8 . BROWN, Assistant Comptroller. EDWARD LYM.AN SHORT, General Solicitor. MEDICAL DIRECTORS: ELIAS J. MARSH, M. D. GRANVILLE M. WHITE, M . D. ROBERl' IC. McCURDY, Superintendent or Foreign Department. GEORGE T. DEXTER, Superintendent of Domestic Agencv Department. / https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Spencer Trask & Co., Bankers, 27 & 29 Pine Street, New York. Transact a general banking business; act· as Fiscal .Agents for corporations, and negotiate security issues of railroads and other companies. Execute commission orders and deal in INVESTMENT SECURITIES. MEMBh.RS NEW YORK STOOK EXOR.ANGE. BRANCH OFFICE: 65 ST ATE STREET, ALBANY. KOUNTZE BROTHERS:, Ban..k.ers., NEW YORK. Broadway and Cedar Street, Investment Securities. ALLOW INTEREST ON DEPOSITS. MAKE LO.ANS AGAINST APPROVED COLL.ATER.AL. MAKE COLLECTIONS SPEEDILY .AND .AT F .AVOR.ABLE RATES. AC1' AS FISCAL AGENTS FOR MUNICIPALITIES AND CORPORA'rTONS. BUY .AND SELL SECURITIES FOR THE USU.AL COMMISSION. MAKE CABLE AND TELEGRAPHIC TRANSFERS. BUY AND SELL FOREIGN EXCHANGE ISSU E LETT·E RS OF CREDIT FOR USE OF TRAVELERS, AVAILABLE IN ALL PART OF THE WORLD. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CORRESPONDENCE SOLICITED. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -BLAIR-~& Co., .DOMESTIC AND FOREIGN BANKERS'; NEWYORK. - .. TRAVELERS LETTERS OF CREDIT·. - The Canadian Bank of Commerce HEAD OFFICE, TORONTO. $8,000,000 $2,500,000 CAPITAL PAID UP, RESERVE .. FUND WM. GRAY AND H. B. WALKER, AGENTS, NO:· 16 ·EXCH.ANGE PLACE, NEW YORK. BRANCHESJOF THE BANK IN CANADA. ONTARIO: Brantford, Cayuga, Chatham, Collingwood, Dresden, Ayr, Barrie, Belleville, Berlin, Blenheim, Hamilton, London, Orangeville, Ottawa, Paris, Parkhill, Dundas, Dunnville, Fort Frances, Galt, Goderich, Guelph, Peterboro' Port Perry, St. Catharines, Sarnia, Sault Ste. Marie, Seaforth, Calgary, Carman, Dauphin, Montreal. NOVA SCOTIA: ::3ydney, C. B. YUKON TER.: Dawson,. White Horse. Moosomin, Neepawa, Swan River, Treherne, Winnipeg. Edmonton, Elgin, Gilbert Plains, Grandview. Medicine Hat, IN CREAT Walkerton, Walkerville, Waterloo, Wiarton, Windsor, Woodstock. BRITISH 'COLUMBIA: MANITOBA & NORTHWEST/TERRITORY: QUEBEC: Simcoe, Stratford, Strathroy, Toronto (8 offices), Toronto Junction, Atlin, Cran brook, Fernie, Greenwood, Kamloops, Ladysmith, N anaimo, Nelson, New W'tminster, Sandon, Vancouver, Victoria. BRITAIN. LoNDON: 60 LO.MBA.RD STREET, E. C. IN THE NEW YORK, SAN FRANCISCO, CAL., UNITED STATES. PORTLAND, ORE., SEATTLE, WASH., SK.A.GW.A.Y, AL.A.SK.A.. BANKERSIIN CREAT( BRITAIN. LLOYDS BANK, Limited, THE BANK OF SCOTLAND, THE BANK OF ENGL.A.ND, THE UNION OF L0~DON & SMITHS' BANK, Limited. CORRESPONDENTS. Bel;ium-Banque D'Anvers. France-Credit Lyonnais. Germany-Deutsche Bank. Holland-Disconto Maatschappij. India, Uhioa, Japan and Philippine 181ands-The Chartered Bank of India, Australia and China. Australia and New Zealand-Union Bank of Australia, Limited; Bank of A.ustralas·a. South AfricaBank of Africa, Limited; Standard Bank of South Africa, Limited, Sterlin&- and Continental Exchan1re and Cable Transfers. Commerciala,nd Travelers' Credits. Collections made at all points. Bankin;r and Exchan1re business of every description transacted with Canada BRO\7\TN BROTHERS & CO., PHILADELPHIA, NEW YORK, BOSTON, 4th and Chestnut Sts. 59 WALL ST. 50 State St. AND ALEX. BROWN & SONS, Baltimore and Calvert Streets, Baltimore. ALL CONNECTED BY PRIVATE WIRE. Members of the New York, Phlladelphla and Baltimore Stock Exchan1;el!l. Execute Orders on Commission for Purchase and Sale of Stocks, Bonds, and all Investment Securities. Bills of Exchange Bought and Sold. Certificates of Deposit. International Cheques. Commercial Letters of Credit and Travelers' Letters of Credit issued, available in all parts of the world. Collections made on all points; Telegraphic Transfers of Money made between this Country and Europe. Deposit Accounts of American Banks, Bankers, Firms and Individuals received upon favorable terms. BROWN, SHIPLEY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis & Co., LONDON, Founders' Court, Lothbury, E. C., AND FOR THE CONVENIENCE OF TRAVELERS, 123 Pall Mall, S. W. THOM.AB J. MUMFORD. WILLIAM FAHNESTOCK, Member of the New York Stock Exchange. ROBERT B. DODSON, FAHNESTOCK & CO~, BANKERS AND BROKERS, No. WALL STREET, NEW YORK. 2 J. S. & R. D. FARLEE, MEMBERS OF THE NEW YORK STOCK EXCHANGE, No. I I Wall Street, New York. BROKERS AND DEALERS IN INVESTMENT BONDS, STATE, MUNICIPAL AND APPROVED RAILROAD BONDS. On hand for Immediate Delivery, 6uitablefor Sllving.~ Bank•·, Tru-~t Fund.'f and other Cor1ser1:ative lrivestments. CORREC:,PONDENCE SOLICITED. SIMON BORG & CO., BANKERS, •.' NO. NASSAU 20 STREET, NEW YORK. MEMBERS OF THE NEW YORK STOCK EXCHANGE. CHOICE INVESTMENT SECURITIES FOR TRUST ESTATES, INSTITUTIONS, SAVINGS BANKS AND GENERAL INVESTORS. Special Lists Upon Application. H. N . \VHIT N EY & SONS, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANKERS AND BROKERS, No. 17 BROAD STREET, NEW YORK. <MILLS BUILDING.) MEMBERS OF NEW YORK STOCK EXCHANGE. MOORE & SCHLEY, BANKERS AND BROKERS. No. 80 BROADWAY, NEW YORK. Members of the New York Stock Exchange. AUG PST 'BELMONT & CO., BANKERS~ NO. 23 NASSAU STREET. AGENTS AND CORRESPONDENTS OF THE Messrs. ROTHSCHILD, LONDON, PARIS AND VIENNA. ISSUE LETTERS OF CREDIT FOR TRAVELERS, AVAILABLE IN ALL PARTS OF THE WORLD. Draw Bills of Exchange and make Telegraphic Transfers to EUROPE, Cuba, the other West Indies, Mexico and California. Execute orders for the purchase and sale of Investment Securities. GEO. H. PRENTISS & CO., DEALERS IN LOCAL SECURI7 IES, No. 48 Wall Street, No. _208 · Montague Street, BROOKLYN. NEW YORK. MEMBERS OF. NEW YORK STOCK EXC~ANGE. Orders on the New York Stock Exchange executed for Cash or on Margin. GEORGE LEASK. · JULIAN W. ROBBINS. EDWiN M . LEASK, Member N. Y. Stock E xchange. GEORGE LEASK & CO., Bankers, 35 WALL STREET, NEW YORK. All Securities Current at the New York Stock Exchange Bought and Sold on Commission. l INTEREST ALLOWED ON BALANCES, SUBJECT TO DRAFT. DEALERS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN COMMERCIAL PAPER. & Co., LA THAM, ALEXANDER BANKERS AND COTTON COMMISSION MERCHANTS, • Nos. 16 & 18 WALL STREET, NEW YORK. A CONDUCT GENERAL BANKING BUSINESS. MEMBERS OF THE NEW YORK EXCHANGES. Stocks, Bonds and Government Semuities bought and sold on commission. Accounts of banks, bankers, merchants and individuals received, and Interefit allowed on Daily balances, subject to check at sight. Contracts for cotton for future delivery bought and sold on commission. · JAMES WHITELY, H. CRUGER OAKLEY, MAYNARD C. EYRE, CHARLES C. HARBISON. PRINCE & -W-HITELY, BANKERS AND BROKERS, No. 52 Broadway, New York. AND 15 CENTER STREET, NEW HA VEN, CONN. All Classes of Railway Stocks, also Grain, Provisions and Cotton, Bought and Sold on Commission. INVESTMENT SECURITIES A SPECIAL TY. Direct Private Wires to Boston, New Haven, Chicago, Pittsburgh and Richmond, Va. WILLIAM W. CASWELL. EZRA LINCOLN. PHILIP CURTIS. LINCOLN, CAS-W-ELL & CO., MEMBERS OF NEW YORK STOCK EXCHANGE. INVESTMENT SECURITIES. NO. 18 ~.ALL STREET., NE""'\V YORK. & WORCESTER, FLAGG ( Successors to Reed & Flagg) NO. BROKERS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 45 W' ALL STREET, AND DEALERS IN NE-W- YORK . RAILWAY AND OTHER INVESTMENT SECURITIES. BONDS REPORT OF THE CONDITION OF THE Mississippi Valley Trust Company ST. LOUIS, MO., AT CLOSE OF BUSI~ESS DECEMBER 31ST, 1902. LIABILITIES: RESOURCES: 4.oans undoubtedly good on Collateral Seourity ...••••. $13,656,616 87 -Loans undoubtedly good on Real Estate Security...... 828,889 65 -Other Negotiable and Non-Negotiable Paper and Investment Be_o urities at Present Cash Market Value................................................ . .. 601,262 4.0 •Overdrafts by Solvent Customers............... .••.• •• . . 1,356 50 Bonds and Stooks at Present Cash Market Value........ 9,134,293 61 ·Beal Estate (Company's office building) at Present Cash Market Value......... . .................. . ............. • ••........••. -Other Real Estate at Its Present Cash Market Value.. . 441,448 71 Furniture and Fixtures................................ . .. •.....•....... ~afety Deposit Vaults .........•.•.••........•..•......... • 72,000 00 Due from Other Trt1St Companies and Banke, good on Sight Draft...... . ..................................... 3,515,017 91 292,669 15 -oheoks and Other Cash Items............................ Oash on Hand (Currency, Gold, Silver and Other Coln) . . . . . . • • . • •. . . . . . • . . ••• • •• • • . . • • . .••.... ••. •• . ••• • • 571,321 21 .All Other Resources : Individual Debits on Gen.era! Books ..•.. $30,020 20 Accrued Interest on Demand Loans .••.. 32,86313 62,883 33 Total ..••••..•.••.••••..•••••..•...••..••.••••.••••• $29,177,759 34 Capital Stock Paid in...... . .............. . ............... Surplus •• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ••......•......•..•.. Undivided Profits less Current Expenses •and Taxes Paid.................. . ................................. Deposits Subject to Draft at Sight by TrustCompanles, BanksandBankers.ill,709,1~5 81 Deposits Subject to Draft at Sight by In· di viduals and Others, including Demand Certificates of Deposit. ........ 9,080,378 31 Time Certl.tlcates of Deposit.............. 4,859,699 75 Savings Deposits ....••.....••. . ....••..•. . 5,258,254 75 Debentures and Real Estate Mortgage Bonds.......... Bills Payable ..•..••.•••..••.••• -•. • • • • • • . • • . • • . • • • . . • . . • • . All Other Liab111ties: Reserve tor Re-insurance of Liability as Surety on Outstanding Bondll ... $40,283 48 Reserve tor Interest on Savings De• posits, Payable June 10, 1903 ...•.. 13,00000 Reserve Account Subscription to Lomsiana Purchase Exposition Co. 5,500 00 Individual Credits on General Books 237,07405 $3,000,000 00, 3,500,000 Oct 1,474,40319 20,907,498 6~ . .....•..•••••• • ••.•.••.•••••• 295,857 Q Total ............................................... $29,177,7r,9 M Dividends Amounting to $360,000 00 Have Been Paid Out of the Profits of the Year. To the Pruidtnt and Board of Dirutor• of the Mi..iHippi. VaUew Tru,t Oompanr,: Your Committee of Stockholders. neither of whom le a Director, having been appointed 1n accordance with the by•lawe of the Company 'to make the Annual Examination of all the books, accounts and securities, hereby respectfully rt>portll that it has gone oarefully into the <details of each item as represented 1n resources and llabillttes,and has found the Statement of Condlt1on, as pubilshed at the close of bUBinese December 31, 1902. t-0 be correct. · . We found each and every department of the Company well managed and equipped tor the transaction of all business entnuted to 'Ule Company. We desire to express our thanks to the officers and employee for facilitating our examination by the admirable manner 1n whtoh all .aooounts are kept and 1n the systematic manner 1n which all the bt1Siness of the Company is conducted. Respectfully submitted, DAVID P. RANKEN, St. Louis, January 12, 1903. . GUSTAVE W. NIEMANN, Committee. LOUIS BRINCKWIBTH, l St. Louis, January 13, 1903. We have examined the attached statement with the books and accounts of the Company, and certify the same to be correct. We counted 'the cash, and verified all the securities owned by the Company or held as collateral tor loans. We have also examined the securities held 1n trust with the books of the Trust Department, and found the same in order. We found the11•• .eourlttes to be kept separately tor the various tnuts, an(l the whole of the trust securities kept entirely a,part from the general asset& of th• ~mpany. JONES, CAESAR & CO., Chartered Accountants. OFFIOEBS. JULIUS S. WALSH, President. BRECKINRIDGE JONESt..lst Vice-Pres. and Counsel. w. DAVIESS PCTTMAN. Bond Officer. JOHN D. DA.VIS, Second vlce•Presldent. FREDERICK VlERLlNG, Trust Officer. SAMUELE. HOFFMAN, Third V1ce•Prestdent, HEN RY SEMPLE AMES, Assistant Trust Officer. JAMES E, BROCK, Secretary. WILLIAM G. LACKEY, Assistant Trust Officer. HUGH R. LYLE, Assistant Secretary. EUGENE H. BENOIST, Real Estate Officer. HENRY O. IBBOTSON, Second Assistant Secretary, WILBUR B. PRICE, Safe Deposit Officer. DIKEOTORS. 8. E. Hoffinan, Third Vice-President. Elmer B. Adams, U. S. District Judge. Williamson Bacon, President Tyler Estate. Chas. H Huttig, President Third National Bank. Murray Carleton, President Carleton Dry Goods Co. Breckinridge Jones, 1st Vice-President and Counsel. Charles Olark, Retired. Wm. F. Nolker, Treasurer St Louis Brewing Ass'n. John D. DaV1@, Second Vlce•President. Wm. D. Orth wein, President Wm. D. Orthwetn Grain Co. Harrison I. Drummond, President Drummond Realty & H. rnay Pierce, President Waters Pierce 011 Co. Joseph Ramsey Jr., President Waba11h RR. Co. Investment Oo. Auguste B. Ewing. Retired. Moses Rumsey, President L. M. Rumsey Mfg. Co. DaV1d B. Francis, President D. B. Francis & Bro, Com• J.C. Van Bia.room. Vice-President National Bank ot Oommeroe. mission Co. Julius 8. Walsh, President. August Gehner, President Title Guaranty Trust Co. Rolla Wells, Mayor ot City or St. Louts. Geo. H. Goddard, Retired. The bustneH of this Company i1 conducted in five departments, as follows: EINANCIAL .. • Receives deposits on time, sayings and check accounts and pays interest thereon, Loans money on St. Louis Uity real estate and listed high-grade securities. Buys and sells domestic and foreign exchange. Issues its own letters of Credit, available everywhere. TRUST • . Executes all manner of Trusts. Authorized by law to act as Executor. Administrator, Trustee, Guardian, Curator, Register and Transfer Agent of Bonds and Stocks, Receiver and Financial Agent for non·residents and others, and to become sole surety on all bonds required by law to be given. BOND Bays and sells selected high•grade Investment Securities. List of Bonds for sale mailed on iipplication. Commission Orders, at usual rates, executed with promptness. REAL ESTATE Manages, Eells, Rents and Appraises city property. Pays Taxes, Places Insurance. -SAFE DEPOSIT -R ents Safe Deposit Boxes in Fire, Burglar and Mob Proof Vaults at $5 and upward, per annum. Stores, at special rates, trunks and boxes containing silverware and other bulky T-aluables. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •a. DOMINICK, •s. DOMINICK JR., 5476} TELEPHONE, { 5477 CORTLANDT. 5478 CABLE ADDRESS, ZUGCORD, . NEW YOR K. M. W. DOMINICK, *A. V. STOUT, PRIVATE WIRES J. A. BARNARD. •MembersN.Y.SoockExchange. DOMINICK & DOMINICK, TO BOSTON, CHICAGO, 100 BRANCH 334 WALNUT PITTSBURGH , Broadway, New York. ST. LOUIS, OFFICE, ST., LOUISVILLE, CINCINNATI. PHILADELPHIA. PRIVATE WIRE. A. M. KIDDER & CO., BANKERS, 18 WALL STREET, NEW YORK. Transact a General Banking Business~ including the Purchase and Sale of Stocks and Bonds for Cash or on Margin. BUY AND SELL INVESTMENT SECURITIES. CHAS. D. MARVIN, H, J, MORSE, GEO. S. COE. HAND- BooK OF RAILROAD SECURITIES. Earnings, Dividends and Prices for a series of years. Price, - - To Subscribers of the Chronicle, -VV-ILLIAM B. DAN A - - - 91.00. 7a cents. COMP ANY• Pine Street, "or. Pearl Street., KNAUTH, .Publishers, NE-VV- YORK. NACHOD- & KUHNE, BANKERS., 11-13 WILLIAM STREET, NEW YORK. MEMBERS NEW YORK STOCK EXCHANGE. LETTERS OF CREDIT. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TRAVELERS' CHECKS. INVESTMENT SECURITIES. OT IS, \iV I LSON & CO., BANKERS, 'Transact a general Banking Business. ·Receive Deposits subject to check .and allow interest on balances. Issue Dem and and Time Certificates of Deal in Deposit drawing interest. High-Grade INVESTMENT BONDS. List on request. Aot as Fiscal Agents for Corporations and Municipalities. Negotiate entire issues of bonds. Collect Coupons; Buy and sell Foreign Money. Sell Letters of Credit and Drafts on Foreign Countries. Make Loans on Marketable Securities. CORRESPONDENCE AND INTERVIEWS INVITED • .182 CHICAGO. La Salle St., (Woman's Temple) JOHN H. DAVIS & CO., BANKERS, Astor Building, No. MEMBERS OF NEW YORK AND 10 Wall Street, New York. PHILADELPHIA STOCK EXCHANGES. Our BOND DEPARTMENT is organized and conducted with great care, and our BURE.AU OF RAILWAY INFORMATION is unusually complete. We are thus enabled to give valuable aid to those seeking safe and profitable INVESTMENTS PARKINSON & BURR, .53 STATE STREET, 7 WALL STREET, BOSTON. NEW YORK. MEMBERS OF THE BOSTON & NEW YORK STOCK EXCHANGES . . INVESTMENT SECURITIES. A. M. FLETCHER, Banker, NEW YORK. 128 BROADWAY, MEMBER NEW YORK STOCK EXCHANGE. Transacts a General Banking Business. ECURITIES BOUGHT AND https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Interest allowed n Deposits. SOLD ON COMMISSION. MAITLAND, COPPELL & Co., 22 and 24- Exchange Place, New York. 'rRANSAO'l, A GENERAL BANKING BUSINESS. ORDERS EXECUTED FOR INVESTMENT SECURITIE AOT AS AGENTS OF CORPORATIONS AND NEGOTIATE AND ISSUE .LOANS. BILLS OF EXCHANGE, TELEGRAPHIC TRANSFERS AND LETTERS OF CREDIT ->ONl- The Union of London & Smiths' Bank, Limited, London. Messrs. Mallet Freres . & Cie., Paris. El Banco N acional de Mexico, Mexico, and its branches. Agents of the Bank of Australasia, British Guiana Bank, Demerara, E , UNITED STATES BoNDs, RAILROAD, MuNICIPA AND OTHER Investment Securities. HARVEY FISK & SONS,. NEW YORK, 29 Nassau Street. BOSTON, 10 Post _Office Square. HARTFORD, CONN., represented by R. T. H. BARNES, Aetna Life Building, PHILADELPHIA, represented by JAMES H. CHAPMAN, 421 Chestnut Street. CHICAGO, ILL., represented by D. K. DRAKE, 414 Continental Nat. Bank Bldg_ OUR LIST https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF INVESTMENT SECURITIES SENT ON APPLICATION- TH E FIN AN CIA L. RE VIE W. F i::o...a::o...ce:, Com me rce, Rai lroa ds_ FebrLL a~y: , 19 O 3. WILLIA M B. DANA PINE STREET, COMPA NY, PUBLL SHERS , CORNE R OF PEARL STREET, NEW YORK. : Entered aooording to A.ct of Congress, in 1903, by WILLiill B. DAN.A. COMPANY, in office of the Librarian of Congress, Washington. D. ~ • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • CONTENTS. PAGE. RETROSPECT OF 1902... •• • • • • •• • • •• • • • . . • •. • • . • • • • • • • • • . • • • • • . . • • •. . . . . . . . . . . •. • . . . . . . • . . . . . . . . • . . . . 11 Monthly Review of Money Market, Stock Market, and Foreign Exchange .........••••.•••• ."........ 14 LISTINGS OF SECURITIES ON THE NEW YORK STOCK EXCHANGE .... .- ........................ 25 BANK CLEARINGS AND SPECULATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . • . . . . . . . . . . . . . ... 27 Sales of Grain and Stocks.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . 27-29 FAILURES AS A MEA~URE OF BUSINES3 bTABILITY ........................................... 29 Yearly Failures Since 1857..................................... . . . . . . . . . . . . . . . . • . • . . . . . . . . . . . . . . . . 30 Failures by Branches of Trade. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Detailed Statement of Failures in United States and Canada................................ . ....... 31 BANKING, FINANCE AND CURRENCY ........................................•.................... Money Market for Four Years......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New York City Bank Movements.............................. . ..................................... 32 82 34 CROP AND OTHER PRODUCTIONS ................ . .................................•••............• The Crops for a Series of Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . • Pig Iron Production and Prices ............................. , ............................ ·.......... Anthracite Coal Production... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . 35 35 36 38 GOLD AND SILVER-Review of Gold and Silver Production . .. . . . . . . . . .. • .. . . .. .. • .. . .. . . . . . . .. • • • • . . 39 Product of Gold in United States, Africa, Australasia, Russia, etc......... . . . . . . . . . . . . . . . . . . . . . 40-42 World's Gold Production since 1881.......................... . .. . . .. . . . . . . .. . . • . • • • . . . ... . . . . . . . . . 89-40 World's Silver Production .............................•.........•...... , .•. , . . . . . • • . . . . . . . . . . . . . . . . 42 GREAT BRITAIN-BA...~KS AND T~AD:h: .. . .. . .... . ............................ . ..................... Review of the Year's Influences and Events...... . .................... . ............................. British Imports and Exports............. • . • . • • . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Statements of Bank of England and Bank of France -AJso Money Rates at Continental cities . . . . . . Price of Silver for Three Years........... . ......................................................... 43 43 47 46 47 TRADE AND COMMERCE-Our Foreign Trade in 1902-Calendar Year.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Values of Exports and Imports by Fiscal Years 1873-1902................................ .• • . . . . .. . . . 50 Exports of Leading Articles of Domestic Produce for Three Years..................................... 50 Imports of Leading Articles of Merchandise for Three Years... ... . . . . . . . . .. . . . . .. . .. .. . ... . .. .. . . . . . 51 Comparative Prices of l\ferl~handise, 1860, 1879 and 1899-1903...... . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . 51 FOREIGN EXCHANGE-Daily Prices in New York in 1900-1902................... .. . . . . . . . .• . . . .. •. . . . 52 UNITED STATES DEBT AND SECURITIES-Debt of the United States, 1793-1902......... .. . . . • • . . . . . 53 Detailed Statement of Public Debt on December 31, 1902 . ................ . .................... ,. . . . . . 53 Highest and Lowest Prices of United States Bonds, Monthly, 1860-1902................... .. . . . . • . . . . . 54 STATE SECURITIES-Highest and Lowest Quotations of State Securities, 1860-1902................ •. . . 64 RAILROADS AND THEIR SECURITIES-Railroad Statistics for the United States.......... . ........... Railroad Earnings in 1901 and 1902..................... •. . . . . . . . . . . . . • . . . . • . . . . . . . . . . . . . . . . . • . . . . . . . Railroad and Miscellaneous Bonds in New York, 1898-1902-Prices Monthly........ . . . . • . . . . . . . . . . . . Railroad and Miscellaneous Stocks in New York~ 1898-1902-Prices Monthly ......................... Railroad Bonds in Boston, 1902-Highest and Lowest Prices Monthly ...•............................ Railroad Stocks in Boston, 1902-Highest and Lowest Prices Monthly .......... . .........•........... Railroad Bonds in Philadelphia, 1902-Highest and Lowest Prices Monthly........ . .......•........... Railroad Stocks in Philadelphia, 1902-Highest and Lowest Prices Monthly .......................... Railroad Bonds in Baltimore, 1902-Highest and Lowest Prices Monthly ......................•...... Railroad Stocks in Baltimore, 1902-Highest and Lowest Prices Monthly ....................•........ 67 67 70 106· 122 123 126 127 129 130 ' INVESTORS' SUPPLEMENT.-(Issue of Jan. 31, 1903, bound up with the REVIEW) .... . ..........•. Appendix. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V OL.UME AND COURSE OF tl'RADE. ~ ANNUAL AND MONTHLY RESULTS. RETROSPECT OF 190S. Perhaps the most noteworthy characteristic of 1902 is the fact that it marked a further and very distinct advance in that unexampled era of prosperity which found its inception in the result of the Presidential ,election of 1896. We think there can be no question that in volume of business 1902 excelled all its prede-eessors. The output of the iron and steel induatries, -,, hlch have so often in the past proved a trustworthy trade barometer, far surpassed the highest previous ·totals. Furthermore, demand ran ahead of production in those industries to such an extent that home pro• duction did not suffice, and had to be supplemented ~Y large imports from abroad. The story is the same wherever we look. Bank ,clearings are obviously not so good an indicaHon as many other things, since speculative dealings count in them the same as legitimate trad~, and specula·tively the year was not a good one, as the ·speculative promoter and stock market manipulator learnt to their sorrow on occasions. B11t even in this matter ,of bank exchanges the record is a most interesting ,one, showing a total but a trtfla less than the unprecedented figure of 1901-this, too, notwitbshnding that stock specula.tion as mea3ured by the dealings on the New York Stock Exchange fell off nearly one ·third. Railroad earnings re.fleet more nearly the sit·uatlon. The gross receipts of our rail transportation lines showed further growth, following the note,vorthy gains of previous years-in face of f\n important loss in the crop tonnage. MJre than that, our ,carriers could not handle the traffic offarlng; after their extraordinary outlays of the last few :,ears in the purchase of cars and locomotives, and the provid:lng of additional tracka, they still found it impossible to furnish.enough equipment aa.d facilities to move ·the tonnage with which they were overwhelmed. The locomotive and car builders on their part could not 1111 the orders for new rolling stock,· which ca.me in a perfect avalanche fr om the railroads. The :result was -exemplified in an emphatic degree in the extraordinary freight blockade at Pittsburgh on the l'cmnsyl"Tania Railroad, which developed in November, when the congestion became so bad that traffic movement -was in danger of coming to a standstill on this great .railroad system and heroic measnres had to be adopted ·to clear away the accumulated freight. The continued growth in trade .d uring 1902 was the more Bigcificant inasmuch as there were certain conditions and developments which might have been expected to interpose a bar to further progress, if not actually produce a retrograde movement. At the very beginning of the year ca.me the embarrassment of the Everett-M Jore syndicate, a decidedly "Tenturesome group of trolley promoters. As new ·trolley lines have been prosecuted on an extensive 1cale, and seem a. possible point of weakness, this fooked very much Ilka a foreboding of more serious https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis trouble to come. As it was, nothing of the kind happened. Then there was the deficient crop yield of the previous year, 1901 having been marked, as wm be recalled, by one of the most disastrous crop shortages in the country's history. What this meant to the farmer and stock-raiser every one will readily recognize. What it meant to the oonsumer, the higher price of meats, which was a feature o! the year, furnishes convincing testimony. The various labor troubles also constituted a serious drawback. There was that crowning labor disturb- ) ance of all, the anthracite coal miners' strike, which lasted from the 12th of May to the 23d of October, , and which in its disorganizing effects on our indus:- · tries and far-reaching indirect conseq aences sta~ds as probably the most important industrial conflict in the annals of trade. Nor must one lose sight of the agitation of the so-called "trusL" question, joined in with great persistency by no less a personage than President Roosevelt himself. No legislation resulted up to the close of the year from the agitation, but it made capital timid and excited fears of some move that might strike at the very foundation ofour industrial development-fears, it may be noted, which were not allayed by the action of the U. S. Government in joining in the crusade against the Northern Securities Company and in yielding to popular clamor in in• stituting legal proceedings against the so-called beef trust. The unrest of labor was one of the conspicuous features of the twelve months. As 1901 had been marked by the steel workers' strike, so 1902 will al ways be remembered for the anthracite miners' strike just referred to. The general attitude of capital and those directing the affairs of our large corporations was well displayed in the action ln Jane by the United States Steel Corporation in making a voluntary a ivance of 10 per cent in the wages of its employee and in the . similar action in N ovember of the Pennsylvania Railroad in adding a like percentage to the wages of all its fmployes per• manently in its service who were gettin~ lt'BS than t200 per month. At the very close of the year the Steel Corporation went a step further and promul• gated what looks like an admirable sohemo of profit• sharing with its employee. Aside f1om the anthracite strike there were many leBB serious labor troubles. The trolley roads throughout the country, in particular, appear to have been afflicted in this way. In some cases there were simply demands, coupled with threat of a strike in case of non-compliance; in many more cases actual cessation from work occurred. A reference to the more Important of these is made in our monthly reviews • further below, but we could not find space to incorporate them all in our remarks. As they were so numerous, however, we furnish a brief summs.ry of those we recaH, indicating where there were strike1 • RETROSPECT. -a nd where oIJly threats to that Effect. In not a tew crease of no less tban 1,173 million bushels. 'l'h& cotton crop, too, it seems likely, will be one of the instances the issue did not concern wages at an. largest raised. Altoona & Logan Valley Railway-threat. There is one direction fl'Om which a set-back might Bloomington & Normal Railway, Electric & Heating strike. possibly come. It !s to be noted that at the close ot Camden Inter-State Railway-strike. Chagrin Falls Electrio- threat. the Jfar three questions of great importance to inChicago Union Traction-threat. dustrial interests remained unsettled: (1) ihe An• Columbus (Ga.) Railroad Co.-strlte. Detroit United Railway - threat. ' thraoite Strike Oommlsslon had not yet reached any El Paso Electric Co.-strllre, r oonolusioI!s, (2) plan■ were still under consideration Fair Haven & Westville (New Haven)-etrllre. Houston Electric Co.-strike. by political leaders in and out of Oongress for dealing Hudson Valley Ry.- strike. with the trust problem and (8) the Northern Jackeon (Mlss.) Street Railway-strike. .Janesville (Wis.) Street Railway-threat. Securities oases were still in the courts undecided,. Kansas City-Leavenworth Rall way-strike. fhese are all mattera pregnant with great oonseque:r:oee 1 Knoxvllle Traction- strike, and the outcome of one or another might prove very Lafayette Street Railway- strike. I Lima Electric R11ilway & Light-strike. disturbing. But on this, one man's opinion ls worth New Orleans Railways-strike, as little as another"•• Norfolk Railway & Ligtt-strike. Old Colony Street Railway- strike. In the railroad world new oomrolldatlon·s and com• Ottumwa Traetion & Light- strike. : blnations were perhaps less conspicuous than In 1901.. Portland (Ore.) City & Oregon Railway-strike. Schuylklll Traction Co.-threat. I Yet one of the sensational occurrences of the year Scranton Railway- strtke. was the venture of John W. Gates in gobbling up the Sheboygan Street Railway-strike. Louisville & Nashville, which then he was obliged to Terre Haute Electric-strike. Toronto Rail way-strike. turn over to Mr. J. P. Morgan, who later made it a Union Railway (New York)-strike. posseBBion of the Atlantia Ooast Line 1ystem. Th& United Railroads of San Fra.ncisco-strllre. United Traction & Electric (Providence)-strlke. { Louisville & Nashville had previously acquired the, Vtrglnla Passenger & t'0wer-strike. ~,, - . · AHanta Knoxville & Northern, and the Atlantic Coaal At the ckae of the year there were rather free 1ng• Llne bad absorbed the Savannah Florida & Westgestiona tf?at the country must be regarded as having ern. The St. Louis & San Francisco continued it1 reached the height of the present period of prosperity policy of aggrandizement, and acquired the -that henceforth a decline must be looked for. Chicago & Eastern Illinois, the St. Louie Whether this shall be so, only the future can de- Memphis- & Southeastern, the S~. Louis & Gulf termlne. Certain brrad considerations, however, and other roade. The Ohlcago Rock Island - & would re.em to militate against any immediate set- Pacifio took over the Burlington Cedar Rapids & back. In the iron and steel trades many establish- Northern and the Rock Island & Peoria, and bought. ments have orders now on their books which will keep control of the Choctaw Oklahoma & Gulf and the them busy for from six to twelve months to come. St Louis Kansas City & Colorado, the whole being The larger railroads all over the country are arrang- then united under the name of the "Rock Island Co."' ing to spend perfectly _ enormous amounts of The Chicago Indianapoliij & Louisvllle passed under money. The Pennaylvanfa will spend fifty the joint control of the Louisville & Nashville and ml1lion dollars in and around New Y01k alone. the Southern Railway. The success of the Gould The wage,earners, who, with the farmers, con- interests in acquiring possession of the Western Mary1tltute the consuming masaea, have before them a land and West Virginia Central & Pittsburgh rail:,ear of exceptional prosperity-provided they do not roads, in pursuance of their desire to obtain an lndet,ake wrong counsel and throw away the advantages pendent line to the seaboard, was one of the event■ within their reach. By this we mean that wages are of the year. Out of this and the plans for ex• higher all around, and that a given amount of money tending the Wheeling ~ Lake Erie to Pittsburgh grew 1eems likely to go farther in 1903 than It did In 1902. the friction between theee interests and the PennsylIn 1902 consumers were handicapped by the high vania Railroad which foud expression In. the atprices of m£at and other household articles because tempted exclusion of Western Union Telegraph from of the drought of 1901. Meats are already lower, and the Pennsylvania sjstem and the resignation of Presl• there is good reason for thir.klng that all the neces- dent Ca1&att from the directory of the Mercantile ■aries of life will be cheaper than they were. Trust Oo. of this city. The farmers have been blessed with great abundA t\lstinct and general characteristic was the enorance. As 1901 was one of the poorest years on moua .lew capital creations by cuch systems as the record In agriculture, so 1902 wlll take rank as the Penns:,lvanla, the Baltimore & Ohio, the New York nry beat in the countr,"s history. Never has so Oentral, the Illinois Oentral-found necessary In _ much corn or so much oats been raised in a single order to meet the requirements for additional equip- : ■eason. The Agricultural Bureau estimates the corn mentJ motive power, tracks, etc. Railroad earning■ crop at 2,523 million bushels and the oats crop at 987 kept Improving (except In special instances) as far a1 million bushels-both, according to Its records, the gross receipts are concerned; but the higher cost of nry 1argest ever produced. The wheat crop ls put fuel, materials, labor and ■upplies so greatly swelled , at 670 milllon buahEls, which is 78 millions less than the expense accounts of the road• that in the later the extraordinary yield of 1901 (wheat having then months of the year nel earnings recorded losses-been an exception to the general crop shortage), but speaking of the roads as a whole. ~,::::::~~ i;~;t#·· with that exception Is one of the best crops ever made. In the stock market the course of.things ~la a dis.A.• the Agricultural Bureau la so prone to under-esti- tlnct disappointment. There were one or two period■ • mate results, liberal amounts may safely be added to of coJJslderable activity In whloh pool manipulation ; all these statement, to get the actual figures. As com- was carried on with great audacity, and was attended · pared with the smal! productions of the previous sea- with a good measure of success, at least so far a■ to_ •on, the aggregate of ths three crops ahows an In- establfah temporarily a higher level of valuea. Bu•·l ... ..:.~I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RETROSPECT. 1'.b.1s d1<1 liOL s"rvt, 1.0 prevt,nu serious and tt,peated de• RANGE OF LEA.DING STOCKS IN 1902. Open()losclines nor to ward off the final break at the c1ose of Lowest. High.est. ing. ing. ·the year. The ra1ea on the New York Stock ExTrunkLtnes-change aggregated 188,503,403 shares, against Ba.ltimore & Ohio.... 10712 9211s DeB. 12 U R12 Sept. 10 997& · Boston & Albany... . 261~ 2i>ti¼ Dec. 8 266 May 9 259 265. 94.4,659 shares in 1901, and the publfc can not Canada Southern.... '86¼, 71 Dec. 24 97 May 22 76 Cl. Cin. Uhio. & :st. I.. 9814 93 Nov. 10 1083a Aug. 8 9638 be eatd to have been in the muket to any great Erie...... •••..••. ... . 43:\i 2811g Dec. 12 44lis Jan. 2 3~~. N. Y. Cent. & Hud~on lti73s 147 Nov. 14 1687s Jan. ~ x151 extent. N.Y.Chtc. &St.Louis 40 Nov. 14 MIis A.ug. 8 43~ 51 Pennsylvania......... 15058 147 Jan. 14 170 Se11t. 4 1 !' 57~ ! The best period was the spring and summer. In Wabash............. . 2238 21&4 Jan. 14 3811g Sept. 10 3038,-Roads'January and February the general course of prices Coal 165 Nov. 20 198 .Jan. Central New Jersey .. 1/'i8 6 17~ Del. Lack. & Western 260 231 Nov. 8 297 ~'eb. 4 ~6:t 'was downward, though there were substantial ad- Delaware & Hudson 17914 15319 7 17219,. Nov. 14 h4¼ Jan. Lehigh Valley,i . • . 38-'i! Deo. SO 3814,. 37 7s 2914 Nov. 14 ·Tances in special stocks, The litigation directed N. Y. Ont. & West'n. 3711s Sept. ~ 32 3511s 2514 Dec. 12 6719 . 5214 Mar. lo . ••..••..••.•. 7812 Sept. 3 673&, against the Northern Securities Company was a dis- WReading est'n and PaoifloCanadian Paoitl.o •••. 11315 11214 .Jan. 28 14~14 Sept. 3 13219> turbing influence. In April a very recklesa specula- Chicago 35¼ 2919 Dec. 15 45:Js July l ti 34~& Alton .••• . :.!4¼ 22 Deo. 12 35 Aug. 20 28 Chio. Great West.em. tion developed, the whole market going up, and ad- (,,'hto. 16519 16019 Jan. 27 198% Sept. 20 1781Jg, Mil. & St. Panl 20418 Jan. 1<l 271 Apr. 29 219~ Chio. & North West'n 207 Tances of 1()@16 points In a single day being quite Chlo. 15~ Jan. 15 206 Sept. 22 180 R. I. & Pacific.. 154 1418 Jan. 15 3M, July 17 2819,. common. On the last day of April came the.~nterna- Colorado & Southern 15 4519 Denv. & Rio Grande 3518 Dec. 15 51&4 A.ug. 21 41 tlonal Power episode and In May the collapse _In the Great Northern pret.• 184l\ 1811ii Mar. 5 203 Deo. 81 203 Illinois Central ....•. 1311l\l 137 Jan. 14 173:lg Aug. 27 14 61Js,, 10-called Webb-Meyer securities, .and also the arithra- Minn.St. P. & S.S.M 3619 36¼ Jan. 2 84 Nov. I 76 331.ia Dec. 12 501ti Dec. 31 49¼ Rock Island Co .••••• a47¼! 'clte coal ■trike-albeit values were neverthl'less re- Houthem Pao.Comp'y 60 7s 5ti Deo. 12 8114 Sept. 10 6518-,. 9312 Dec. 12 11314 Aug. 26 10019 Union Pacific .•••.••. 1033a Jnatkably well maintained at this time. During the Southwestern80¼ 74'14 Jan. 27 Top. & Ban Fe. 961!ia Sept. 9 8419summer, while the volume of business was smalJ, the Atoh. 22~ Dec. 12 :if>:\:. Sept. 10 2714 26¼ Mo. Kan. & Texas . •. 963, Mar. 11 125¼1 Sept. 10 11038,Missouri Paoifl.o .•••.• 106 market manifested growing strength, and on occasions tit. Louis & Ban Fran. 56 55~ Jan. 2 85½1July :n 747e,. 27:\i 2412 Dec. 12 39 Aug. 13 27~ St. Louis Southwest. decided buoyancy. The coal strike was ignored, while Texas 39ll& 37 Deo. 15 54% Sept. 3 4031t,& Pacitl.o .••••. Roadsgreat atresa was laid on the prospects of large crops. Io 13outbern 4714 4211ii Deo. 12 57½ Sept.. 3 48~ Chesapeake & Ohio 10218 Jan. 27 159 ~ Aug. 20 12~ & Nashv .. 107 September, with these prospects of abundant harvests Louisville 58 55 Jan. 14 !:lO&i Oct. 17 73Se,Norfolk & Western ••. 41:Js Aug. 21 b3418 3414 b28 Deo. 12 Ry .•....... assured, the coal strike began to assume a more seri - Southern 9418 b89~ Deo. 15 Do pref•.. 9t:!19 Apr. HS b9219 ous aspect and stringency den loped in m'oney. The Miscellaneou~Amalgamat'd Oopper 53 Nov. 14 79 Feb. l 693a f!3"• · Amer. Car & Fouud.. ~814 A.pr. 11 3758 Oct. 30~ 3 3ti latter was a factor in the 1itu~tion which operators Amer. 3012 Jan. 10 Cotton Oil.... 57~ Apr. · 28 45 :,2 7s 37 Nov. 28 49:ls May !26 43 Amer. Smelt. & Ref'g 46¼ for a rise had aprarentJy altogether ovulooked. The Amer. Sugar......... 11714 113 Nov. 11 13518 Mar. 31 12819 8 0 Deo. 12 tl46 ~·et>. 1 Uo result was the most severe break in prices which had Anaconda. Copper: .. +123 Brook'n Ra.p. Trans. 5<l~ Nov. 14 ?238 July !:?1 67~ 65 occurred since the May panic of the pnvious year. Oolorado Fuel & Iron 8814 'i3% Au~. 22 J 1012 A.pr. 24 !:ll14 General Electric ..••. c283 170¼ Oct. 13 c334 Apr. 9 183~ November and December extensive and general Internattoual Paper. 21 16:lgDeo. 12 2a58Mar. 20 1714, Manhattan Elevat.ed 137¼ 128 Mar. 12 158 Nov. 24 h.9 liquidation was forced, the market at tim"es being in Metropolitan Street. lti21i 135 Oct. 13 174 l4' eb. 5 140l\ 3:t Sept. 26 2838National Lead....... 16:\i 1512 Jan. 18 a state of semi-panic. It is true that after each of Paoitl.o 37 Nov. 15 493a Mar. 10 :; 9 78Mall 88....... 46 l'eopl.Gas L.&C.,Chic 104 9814 Jan. 15 10912 Sept. 5 103¾ ;these various breaks the market displayed great re- Pressed Steel Car... . 4112 39 Jan. 14 63¼ Oct. 3 62:1s, Repub. Iron & Steel. 1515a Jan. 2 24~ Sept. 8 20¾ 1511s 'cuperative powers, that speculative corifidence was Tenn. 4U½! Dec. 12 Coal Iron & Ry. 7415a A.pr. 24 60 643s U. s. Leather......... 10¼ Dec. 15 1514 Sept. 22 123lt 121@ ·never wholly impaired; yet the fact remains that in U. 8. Rubber......... 14~ 14 Jan. 2 1915a Oct. 1 1719 29~ Deo. 12 46¾ Jan. 7 36¼ 'hosts of oases the lowest prices of the year were made U. ~- Steel Corpora'n 4314 79 Dec. 12 97~ Jan. 7 86 7 & i1~ 84~ .Tuly 10 97½! Aug. 26 88~ in December. With the formation of the 60-mUlion- We~t'!rn U~on ,r Dollars per 11ha.re. a First sale was made on Nov. 13. b Voting 1dollar money pool and the dissipation of fears rege.rd- trustee certificates stamped extended. c Before payment of 66239' dividend. t Beginning March 31 quoted per cent fnstead of 'ing the country's possible entanglement in the Ven- stock dollars per share; all prices tor Anaconda Copper tn this table are on ,ezuelan conflict, positive buoyancy developed the last a percentage basis. The money market was more generaJly and more :few days, with sharp recoveries throughout the whole profoundly disturbed the Jatter part of 1902 than at list. The volume of business on our Stock Exchange any time since 1896. Surplus reserves of the banks ;tn comparison with previous years is shown in the ruled low in the spring, while in September a deficiency ;following. below the 25-per-cent requirement was disclosed. 1 BALES AT THE NEW YORK STOCK EXCHANGE SINCE 1885. This was looked upon as proof of an over-extension ot credits, indicative of a too rapid pace. It is well, Railroad and Railroad and State Ml.8oellaneoua Miscellaneous GoTernmen~ however, not to be too positive in drawing conclualomt Bond&. Bond&. Bt.ook8.* Bond&. -,------1------1------1----on this point; for the periods ol low and de fioient reShare._ $ l ;1886 .... 100,802,050 587,237,500 12,1!3,500 20.194,410 serves were coincident with the Jar~est Treasury ab347,127,330 84,914,616 7,110,400 ,1887 ..•. 15,306,805 For instance, between February 1 and· 345,914,057 1888 .... 65,179,106 6,573,700 5,188,280 sorptions. 398,825,425 72,014,600 ;1889 ..•. 3,698,850 5,932,350 <lOl,829,220 71,282,885 2,625,500 4,870,400 October 1 (as was shown in the CHRONICLE of October :li~t::: 69,031,689 383,715,000 1,460,800 3,475,100 11) cash in Sub-Treasuries was increased 133,979,672. '1892 ..•. 85,875,092 485,857,400 1,729,100 4,793,950 ,1893 ..•. 351,854,4,50 80,977,839 2,143,250 3,792,800 It is obvious that the situation would have been 1894 .••. 49,075,032 4,345,400 339,950,250 10,929,900 '1895 .••. 66,583,232 499,758,080 7,480,250 5,583,200 wholly different had these 34: million dollars remained 26,494,U,O 363,158,820 1896 .... 5-l,654,096 2,284,000 In October when the Secretary of· 529,843,960 1897 .... 77,324,172 2,004,950 wi.h the banks. 10,39<l,950 ,1898 .... 112,699,957 888,7<l7,630 24,581,980 3,6<l2,700 the Treasury was finally forced to buy bonds and like826,711,400 10,582,180 1899 .... 176,421,135 2,013,200 569,159,000 7,012,080 jl900 •••. 138,380,184 2,082,200 wise permitted the substitution of municipal bonda in .1901. ••• 265,944,659 994.,235,400 1,892,670 2,502,800 of Government bonds as security for :1002 .... 188,503,403 879,749,150 1,378,050 3,675,900 place U. 8. deposits (thus inducing the iSBuance of f •Tb.ls includes all stocks (except bank stocks) and also trnst eertlfl.: •tee, &o., sold in the "unlisted'' departmen1i, except petroleum oertUl large additional amounts ol national bank notes), ' •iee sold by barrels. there came a perfect flood of money, the 1.'reasury statistics showing ~hat money in circulation was added f· In the table which follows we show the range of to during the month no less than *60,426,341, with a. 'prices for the year, as well aa the year's opening and further addition during November of '16,598,166. ,closing prices, in the case of all the more prominent Surplus reserves of the Clearing House banks then 1tocks. We have arranged the roads in groups rose to 121,339,100 November 1, but the demand from 'according to their location or the character of their the Interior to move the. country"s enormous crop• was large and by December 27th the aurplus was down. bu1lnes1, ,~r~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RETROSPECT. 14- ag~1n to t6,64'~,2oo. High. htt:s for call loans were:, reached in May daring the Webb-Meyer happenin~s; the last three months all classes of loans commanded unusual figures, and the banks evinced a very cautions attitude. Severe stringency at the turn of the year ,ras prevented by the 60-milllon-dollar money pool. The foreign exchange market aoted ja.et as in the years preceding-tnat le rates ruled high except in periods of extreme tenston in the mouey market. There were no imports of gold save in September anrl October, when the monetary stringency here brought considerable amounts of the metal from Aastralia and some from Europe. Luger or smaller exports of gold occurred in ea.ch of the first four months. IJ May the outflow was checked by dear money;at tills centre, bat in July it was resumed. In Saptember the movement was reversed for the reaeoas already stated. The rest -0f the year there were constant fears of gold exports, with some shipments- to Sou.th America in Ddcijmber. Money matters abroad were not al ~ogether utisfllio tery. Following the gold witndrawa.ls for this slde ln Sep . tember, both the Bu1k of Germany and the B.mk of Eagbnd raised their rates of disco,rnt from 3 to 4 per cent in O.}tober. The restoration of peace in South Africa, which occurred in J a.ne, had been counted on to bring a great speculative revival, but this expeota.tion was not realized; instead, console and mining i!hares alike declined, causing great disappointment. The trade balance in favor of the United States was very much reduced during 1902, owlng to the faot that merchandise exports fell off by reason of the previous season's short crops, while merchandise im ports were increased because on certain classes of goods recourse had to be had to the foreign markets in order to meet our exceptional home demand. N evertheleBS, for the twelve months ending December 311902 the merchandise exports exceeded the mercban• dise imports in the 811m of $391,380,9-,2. Hdnoe our high exchange rates remain just as much a mystery a, before. The explanation is undoubtedly found in a constant increase in American investments abroad and alao in American purchases of foreign securities. Much is made of our borrowings abroad. Little is said of this other featu1e of the situation, and yet it is a factor of growing importance, as is evidenced by the fact that of the British loan of £32,000.000 floated las~ April, no loss than £5,100,000 was placed in this country. Balow we bring together some ll(ener~l Stl.\tistios for 1902 and 1901, affording an interesting contrast between the two yea.re. GENERAL SUMMARY FOR TWO YEARS. :I 1902. 1901. Coin and currency in U. 8. Deo. 31 •. 2,651,408,55r, 2,544,446,893 Bank clearings in United States..... 118,118,839,190 118,579,964,282 Business failures..................... 117,476,769 113,092,376 Sales at N. Y. Stock Exchange shares. 188,503,403 :, 65,944,659 Grain and flour at Prod. Exch1e,bush. 636.158,500 86l:f,516,075 Imports Qf merchandise (12 mos.) .. $ 9t!9,3L0.953 880,419,910 Exports of merchandise (12 mos.) .. $ 1,360,701,935 1,4.65,37='-,860 Netimportsof gold(12mos.) ..•..•. $ 8.16t,726 a3,022,0.'l9 Gross earnings 147 roads (12 mos.).lf 1,542,725,><32 1,44.9,841,u05 Railroad constructed ....•.......miles. (est.) 6,000 4,906 Wheat raised ....••.........••• bushels. 670,063,00r:i 748,-160,218 Corn raised .....•..........•... bushels. 2,523,6 Hl,312 1,522,519,891 Oats raised ..•....•...••....••• buRhels. 907.842, 712 736,808,724 Cottonraised .......•.........•.. bales. (!J 10,701,453 Pig iron produced. (tons of 2,240 lbs.) 17,821,30; 15,878,3='-4 Steel rails,Bessemer(tons of 2,240 lbs) (1 J '2,83tl, "l.7 .i Anthracite coal. .. (tons of 2,240 lbs.) 3 1,2u0,890 53,568,601 Petroleum (runs) production .... bbls. Pl,::i60,448 t32.946.ll!'i Immigration into U. 8 ..• ..•••..••. No. 739,2"'9 fl22,573 Pub.landsale8(yr.end'i;rJune30laoreR 1fi,789.!•rn8 10,797,753 t These are the old Pipe Ltne runs; the Buckeye runs were 19,984,· 366 in 1902 a.nd 18,570,768 bbls. in 1901. a Net exports. JA~UARY.-Uurre 1it Event.-..-The year 190:3 opened in marked contrast with the previous year. There was no such wild and uncontrolled specula.tion as during January, 1901. Quite.a, number of circumstances induced a c1:1.utious spirit. The ooor crops of 1901 had led many to look for a reaction in trade and a d -cline in railroad earnings. which , however, did not come. The embarrassment of the EverettMoore syndicate, a venturesome group of trolley and tele• phone promoters, was announced at the very beginning of the month. On Jan. 4 the Crude Rubber Co. went into receiver's hands; the National Asphalt Co. on the 28th of the previous month had also gone into receiver's hands (prelun• inary to the default Jan. 1, 1902, in its interest payments), .a.nd these events created an unfavorable impression. With c untinueJ activity in trade, however, the effects were not h, --ting, and the full and frank report of the Uni ·ed ~tates 8teel Gorporation checked the waning confidence in ind us- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis trial properties. The appearance of the State of Minnesota as a plaintiff against th~ Northern Securities Co. before the U. S. Supreme Court also proved disturbing. The - application for leave to file the bill wa.s made Jan. 7, but decision was delaye<l. until the next month. At the European centres a great speculative outburst in '·Kaffi:rs," or South African mining shares, occurred; the latter part of the month it deYeloped that Holland had made offers to Great Britain intended to facilitate efforts to restore peace in South Africa. The U. S. Treasury continued to buy bonds, taking $4,184,940 at a cost of $5,155.649. and though 0-overnment revenues ran ahead of expenditures hy $8,034-.000, c,ish in Sub-Treasuries was reduced from $294,449,086 to $290,738,811. Applirations to retire bank circulation exceeded the le~al limit. President Roosevelt accepted the resi~nation of Lyman J. Gage as ~ecretary of the Treasury. and appointed Leslie M. Shaw to succeed him, the latter takin~ office Feb. 1. Postmaster General Smith was succeeded by Henry C: Pa.yne. The U. S. Senate passed a bill creating a new cahioet office, to be called the Department of l ·ommerce and Labor; the bill was still in the House the following December. On Jan. 9 the Hollse of Representatives, by a vote of 308 to 2, passed the Hepburn bill providing for the construction of an Isthmian canal over the Nicaragua route. But on Jao. 20 President Roosevelt transmittPd to Congrei-s the rE>port of the Isthmian Canal Commission, by Rear-Admiral John G. Walker, its President, recommending tbe acceptance of the offer, then just made, of the Panama. Canal Company to sell its property, etc., for $10,000,000 (the value placed upon it by the com- , mission), and the construction of the canal 11cross the Isthmus of Panama. The Senate in June passed a substitute bill (which was agreed to by the Hou~e) authorizing acceptance of this offer if proper title could be obtained. The metal markets generally were strO0I!/; and higher, but in copper a further decline occurred, lake copper dropping to 11 cents (some small lots selling as low as 10½) with a sharp recovery, however, to 12 cents at the close. The Calumet & Hecla dividend was only 40 p. c . Jan. 20, contrasting with 60 p. c. each in O-:t., J dy and April, 1901. Under manipulation grain prices reached high figures early in the month, but the failure of a Chica.go speculator caused a sharp break. Cash wheat in New York sold down from 91¼ cents Jan. 6 to 86% Jr1n. 28, cash corn from 72¼ to 66½ aud mixed oats in eh•vator from1}3to 46½, in all cases with a substantial recovery before the close. The Inter-State Commerce Commission started a series of inquiries in the West with refereuce to the granting of rebates; also the format.ion of railroad combinations, at which James J. Hill, E. H. Harriman and other notable witnesses were examined, and out of which important developme uts grew later on. In the New York Central tunnel, at Park Ave. near 56th St., a train of the New Haven road was run into on Jan. 8 by a train on the Harlem di vision and a large number of passengers killed aod a still largel' numb l' r injured. On Jan, 27, at an explosion of dynamite cartridges at Park Ave. and 41st St., stored for use in building the subway tunnel, several persons were killed and ornr one hundred injured. On Jan. 7 the Chinese Court returned to Pekin after its flight in 1900. Railroad F.vents and Stock ExchangP Matters.-Rtock Exchange sales reached 14,779,223 shares, against 30,285,055 in Jan., 1901. For the reasons mentioned above, the course of prices was downward most of the month, but a feature was the strength of special stocks. Del. & Hudson fell from 184½ ,Jan. 7 to 170½ Jan. 27 on the news t;hat the dividend was not to be increased. but Lackawanna stock rose from 253 Jan. 15 to 281½ Jan. 31. North West. common advanced from 2041/s Jan. 14 to 216 Jan. 22, Ciev. Cm. Chicago & ~t. Louis common from 951/s ,Jan. H to 100½ Jan. 28, Metropolitan Street Ry . from l,"'11)¾ Ja.n. 15 to 173 Jan. 23, "Soo" common from 36½ Jan. 2 to -12 ,Jan. 7, Chw. & East Ill. comruon from 134~,.( Jan. 21 to 144¾ Jan. 29, St. Louis & tlan Francisco common from 55¾ Jan. 2 to 64½ Jan. 16, &o., &c. In Rock Island the1t-> was do change in management and the stock rose frorn 152 .Jao.15 to 165 Ja.n. Bl. On the recovery in the price of copper the la.st ha! f of the month. Amalgamated Coppi>r movi-d up from 6-;"% .Jan. 14 to 78 Ja,n. 31. Central 01 New ,!er,ey increased its dividend from 1¼ quarterly to 2; ~ickel l'late made the div. on 2d pref. stot.:k 3, agamst 2 the previous year. A feature was the large 11ew stook and boor! issues. The Atchison created $30,000,000 of debentures. The tunnel accident on Park Avenue wa,~ followed by the announcement that the New York Central would issue $35,000,000 ·new stock, S 7.250,000 to be offered to shareholders at once at 125. the market price bei ,, g 160. The Norfolk & Westnn, jointly with the Poi.:iahontas Coal & Coke Co .. issued a 20•million mortgage to pay for its purchabe of the latter company. 7 he Money lllu r k t. -Currency came back from the interior in large amounts and the money market relaxed. Holdrngs of tbe banks increased from $235,608,800 Dec. 28, 1~01, to $270.622.600 Feb. 1, 1902: surplus 1·eserves ran up from $7,891,350 to $~6,623,350. Loans were expanded from $857 960.20 1 Dec. 28 to $889,531,700 Feb. 1; deposits rose from $910.869,800 to $975.99i,000. On call at the Stock Exchange rates Jan. 2 ware 6(1.y10 p. c. and on Ja,n. 3, 5@8 p. c.; but after the 8th the quotation ruled below 6 and by Jan. 31 it was 2,~ 2}5,. Time loans at the close were 4 for sixty to ninety d!iys and 4½ for longer periods, on good mixed collateral. On dividend-collateral contracts were freely offered at 3½ for RETROSPECT. sixty to nmety days. Un good industrial securities 4½@5 was quoted for sixty days to six months. Paper was 4 for sixty to nicety- lay double names and 4@4½ for pnme and 5@5½ for good four to six months' single names. Foreignl!:xcha?,ge, 81lver, &c.-Foreign exchange was ~omewhat irregular. but prices kept close to the gold-Pxport pomt. On the 2d rates on actual business were 4 83¾@4 1-(4 for si:xty-day hills, 4 ~6 3,4'@4 1-16½ for ~igbt and 4 8i½~4 87.% for cabl~ tran~fers. By the 6th the high pornt was re11cbE>d at 4 84%@4 84%, 4 87%@4 ~7½ and 4 87½@4 88. Aftn numf'rous fractioual r·han!a{es the close Jan. iSl w1-1s 4 84 % (tr4 84½, 4 87½ @4 8i¼ and 4 87.%@4 8i¾, Some gold was i-hipped from New York to Europi:> on the 4th ($600,000), on the 11th ($525.000) and again on the 21st ($461,000)-all to Germany. It was claimed, however, that these shipments were made on spo"ial order. Tbe Bank of Germany on the 18th reduced its discount rate from 4 to 3½; on the 23d the Bank of England ma.de a similar reduction~ On the 22d i-ubscriptions were received in Berlin for 185,000.000 marks Prussian and ll!l,000,000 marks German 3 p. c. bonds; the first was applied for over forty times and the other over sixty times. Thne were J.,rge tenders from the United States- larger, it was said, than from any other foreign country. The New York ~uh-Treasury paid £160.400 in rndemption of Hawaiian bondA held i o Europe and subsequently paid £39~500 morf'. Bullion holdings of the Bank of England increased £4.0~3.558 in four weeks to Jan . 30. largely through a return flow from interior of Great ~ritain. Money rates in Europe declined, and open market discounts in London for sixty to ninetydsy bank bilJs Jan. 31 were 2½@3, in Paris 2¾@2½ and in Berlin and Frankfo1t 2@2½, tiilver in London fluctuated between 25% d, and 26 1-16ct., closing Jan. 31 at 25 7-16d. FEBRUARY. - Current Event.'!, - Exceptionally bad weather and a new move io the attempt to overthrow the Northern Recurities Co.-this time by the United States Govemment--were the main influences during February. The weather was more seriously and more continuously adverse than in any winter month for years. The trouble really began the latter part of January, and February opened with the whole northern part of the country covered by a snow-storm. From that time on there was scarcely a day that did not bring new disturbances. On the 17th a snowstorm of great severity occurred. While this storm did not cover i,o wide an area (being confined Jargely to this section of the Atlantic coast) and the fan was not so heavy as during the memorable blizzards of 1888 and 1899, it was with those exceptions one of the very worst on record. On the 21st and 22d a sleet-storm of unparalleled sevnity passed over the country. This seems to have done more damage than any event of the kind of which there is any record. Telegraph wires, telephone, electric ligbt and trolley wires and poles-under the burden of the accumulating ice-were prostrated as never before. The Western Union Telegraph Co. experienced the w;orst break-down in its service since 1881, and Philadelphia was completely cut off for a time from wire communication with the outside world. Telephone and telegraph service remained crippled beyond tbe close of the month; for a while (as one iJlm,tration) communication with New Orleans and Texas was carried on by way of San Francisco, and in some of the suburbs of New York telephone connection was not restored until April. WhiJe slow head .w ay was being made in repairing the dt1mage, an extraordinarily heavy rain storm, covering the greater part of the country, occurred on the 28th, and gave a further set-back. The month closed with floods and fresh ets reported nearly everywhere as Uie rernlt of melting snow and rain~, from the n.o rth to the south and from the Atlantic to way beyond the Mississippi, and with a number of towns in darkness by reason of the stoppage of electriclight plants. In the Northern Securities Company case, the application of the 8tate of Mim1esota for leave to file a bill of complaint in the U. 8. Supreme Court, with the view to having the undertaking declared illegal, resulted just as ex pected- that is, in the defeat ot the State. The Uourt held that in an action of this kind, in equity, the Great Northern and the Northern Pacific companies were indispensable parties, but that if these parties were n:;i.ade defendants the constitutional jurisdiction of the Court would not extend ' o the case. Before the denial, however, of this motion (which occurred on the 24th) the wholly unexpected news came late on Wednesday, the 19th, that President Roosevelt, having obtained an opinion from Attorney-General Knox stating that the Northern Securities Co. existed in defiance of the f--berman Anti-Trus Law, had directed Mr. Knox to bring suit to annul the undertaking-. This intelligence proved highly disturbing, and prices on the Stock Exchange the next day (the 20th) isuffered a severe break, as noted below. :Mr. Rbaw, the new ::.-,eC'retary of the U. S. Treasury, announced that be would rontinue for the present Mr. Gage's policy of buying bonds for the sinking fund. The purchases for February aggregated $2,073,170. at a cost of $2.323,034. On the 17th tbe Hom:e of Represelitatives unanimously passed a measure repealing all the remaining iriternal revenue and other taxes imposed by the War Revenue .Act of 1898, save the tax on mixed flour, the repeal to become effective July 1, 1902, except in the case of the 10-cents-a-pound duty on tea, which was to continue until Jan. 1, 1903. The reduction was estimated at $68,000,000, with $9,000.000 more on tea. Treasury money holdings were $292,343,795 March 1, against $21:10,738,811 February 1. Both de- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15 posits and Joam ot the New York Clearing House banks re.ached the larg:P!-,t figure!'! on re~ord. the deposits on Feb. 21 touching $1,019.474,200, and the loans or l\Carch 1 $ij3•-4,191,200. The codon market was strong and the price of "iddling uplands advanced from 8~~ cents to 8 13-io ce nt1-. Print cloths mov-ed up from 3 ct-nts to 3¼ cE>nts. Frederick D. Tappen, President of the Ga1latin National Bank of tb, scity, died Feb. 28. Prince Henry of Germany paid a vii-it tothe United States and was everywhere enthusiastically receiv-ed. The U. :-:. !:-en ate, Feb. ~4, pas~e<l the 1-'hilippine Tariff Bill (received from the House in IJecem bn) levying the same rates of duties on imports into this country from the Philippines as from foreign countries, but with an amendment providing that upon it.rticle·s t.he growth and product of the islands (where Il( talready admi ted free), the outies shall be only 7r5 p. c. of such rates. all amounts collected to be paid into the Treasury of the Philippine Js lands aud used for their benefit. The U. S. Senate ratifierl the treaty coocluded with DPnmark fJr the purchase by the United States of the Danish west Indies (~t. fboma~. St . ,lohn and St. Croix) for $5,000,000, but the treaty fail · d in the Damsh Parliament the following October. The terms of an alliance between Great Britain and Japan for I he protection of their interests in the Far East were made public. The compact !Jrovides that m ca1-e either of the signatories shall become involved in a wctr in defen8e of those interests the other signatory will maintain strict neutrality, but, should a second power join in the hostilities against said signatory, the other will eome to its aid. A disas trous con flagration occurred at Waterbury, Conn., on the 2d and another at PatPrson. N. J., on tbe 9th, the loss in both cases running into millions. hailro,,rt. ./!,'vent.~ anril 8fock Exchange Matt1-rs -On a rather limited volume of business the stock market showed a deci(h dly improving tendency the early I art of tre month, but the Jatter part this tendency was reversed, ahd the net result for the month on most l·ading stocks was a small Joss. The first serious adve1se development was the action of the Commissioner. of Internal Revenue in seeking to enforce a previous ruling declarin~ that collateral held as security for loans was taxable under the Internal Revenue law at the rate of ~ cents for each $100 of par value thereof~ The Commissioner purposed collecting the tax on all transactions back to July 1, 1901, and on the 12th sent out instructions which led to attempts the next day to collect the tax. This attitude had a very unsettling effect on the Stock Exchange for a Jew days. Later it was announced that the Commh,sipnn had agreed to hold the tax in abeyance for the time being, so as to Pnable counsel to prepare briefs. On April 15 he affirmed his ruling, and an appeal was then ta.ken to the Attorney-General. This. together with the action of the House of Representatives in passing on the 17th tbe bill for the repeal of all the internal revenue war taxes served in a measure to relieve apprebensiomi. [The tax was s~ecifically repealed by Congress in Jone; se~ CHRONICLE July 19, p. 113.] But on the 19th (after the close of business) the announcement that the President bad determined to p'roceed against the Northern Securities Co., as being in violation of the ShermanAnti-Trust law, deeply disturbed speculative confidence and caused a severe decline in prices. In a long list of specialties sharp upward movements were engineered during the montb. Chio. Ind. & Louisv. com. advanced from 51½ to 67½, Ghic. & East Ill. com. from 139~-1( to 149½, Ft. Worth & Denver Uty from 32¾ to 42½, Iowa Central from 40¼ to 49½, Kansas City Elouthern pref. from 44 to 54¼, St. Jos. & Gd !~land com. from 13½ to 22, General Electric from 280 to 2\:11-<. &c., &c., some reaction from the high figures occurring ~t the close. .Amalgamated Copper was weHk, and droppf'd from 79 Feb. 1 to 67¾. Feb. 14. Brooklyn Rapid Transit fell C'ff from 6i% F eb. 8 to 60½ on Feb. 14 on the announcement that shareholders were to be asked to authodze a mortgage for 150 million dollars 10 provide for prPsent and future needs of the company. The Metropolitan Street Ry. also announced a plan having thP 8ame end in view. This provided for the organization of the Metropolitan Securities Company and the Interurban Street Ry. Co , and for the creation by the Metropolitan Street Ry. Co. of a refunding mortgage for $65,000.000. The Governors of the New York \..'onsolidaied Stock & Petroleurr Exchange adopted a new role, requiring deiivel'ies of stOO.ti.r: to be made daily instead of weekly as heretofore. '1 he Money Mar1tet. - ~urplus reserves of the Clearing House banks were reduced from $:!_R,623,350 Feb. 1 t:) $9,975.925 March 1, but the money mark et was not affected. The decrease in surplus was brought about both by a reduction in money holdings (which df'clined from $270,622,600 Feb. 1 to $264,848.000 March 1, largeJy as a result of the gold exports), and an incre::tse in. reserve requirements becau~ e of Jarger deposits. The latter March 1 were $1,017,488,300. against $975,997.000 Feb. 1. On Feb. 22 the amount ha ci been $1,019.474,200, the largest on record. Loans abu reached the highest figures ever Httained, rising from 5889.5al,700 Feb. 1 to $93~, 191,2011 March 1. No rise in rates occurred, and cHll loans on the Stock E:xchange Feb. 2~ were 2@2½, Time contracts for short periods were not in much demand; for longer dates the inquiry was good. Rates closed at 8~~(ro4c. on thirty to ninety-day loans, 4@4¾ for four and 4@4½ for five to six months. For paper the quota tions closed at 4 for double names and 4@4½ for p'rime and 5@5½ for good single names. Foreign Exchange, Silvi:r, &c,-Sterling exchange further 16 RETROSPECT. advanced and closed Feb. 28 at the highest point of the .month for all classes of bills-namely, 4 85¼@4 85¼ for ,sixty-day bills, 4 87¾.@4 87½ for sight and 4 St;~.{@4: 88% for cable transfers. On the 6th Si,273,313 gold was exported ..and on the 27th $3,514,410, both to France. An inquiry for bills to remit for sales of American securities on foreign account was frequently 11oted. The Bank of England minimum was on the 6th reduced from o½ to 3; on the 11th :tne Bank of Germany also reduced from 3½ to 3. The Bank .-of England made further additions to its stock of bulb ·m, in part by reason of an import of £500,000 from India. The ' Bank of France 's gold holdingc; on Feb. 27 rec:1,ChPd the un• ~precedented total of £100.154,076, but by Aug. 21 had gone .still higher, to £105,016,~3\/. In the open market London -discounts were well maintained at 2¾ , but in Paris there was a decline to 2,% and at Berlin and Frankfort a drop to ~ ¾- Silver in London moved within narrow fra.ctions, the -close being at 25,¾d. MARCH. - Current Events.- Labor troubles were vny prominent durin~ March. On account of a difficulty which the R. S Brine Transportation Co. had with its teamsters, !'esultrng in the displacement of union workmen by nonunion men. the freight handlers on the New York New .Haver. & Hartford RR. stopped work on Saturday night, March 8, they declming to handle freight delivered by .:these non-union teamsters. This was followed Monday, ..March 10, by a sympathetic strike in vol nng some 8,000 to 10,000 teamsters, freight handlers and clerks. The move·ment kept extending day by day, longshoremen, express• ,men and Yarious other classes of laborers joining, and the 1Boston & Albany and the Boston & Maine also becoming iinvolved. By Thursday, March 13th, some 20,000 men had quit work. On that day, mainly through the influence of Gov. Crane of Ma~sachusetts, the labor leaders were induced to call off tbP strike, and on Friday - nd succeeding .days the stnkers gradually went back to work. though .more or le~s friction attended their return. The cotton•mill situation rn .New England also gave cause for much . anxiety, Wt:'aring at times a seriously threa.tentng aspect. Un the 26th of February the Cotton .Manufacturers' Asso• , ciation at Fall Rn·er had announced a voluntary advance in wages of 6 p. c., to b,·come effective Apnl 7th. 'The oper· ,atives insisted on 10 p. c., and on the 27th Mr. Borden pcsted notices that he would grant that amount of increase at 'the mills of the Fall River Iron Works Company, the higher schedule to become operative March 17. At the other mills, r the owners ha Ying refused to concede the 10 p. c. increase, .. the operatives voted to go on strike March 17. At the last moment a defection of some of the mill owners led to the granting of the full 10 p. c. advance A demand for a similar advance now came from various other mill centres. In Rhode Island and at New Bedford the leading mill owners . seem to have acceded to the increase w:thout mnch ob· jection, the higlJer pav to date from April 7. At Lowell the request W!is refused and tbe Textile Collncil announced . a strike for March 31. Through the intervention of a oiti· zens' committee, the order for a strike was rescinde 1 . ' Print . cloths at Fa.11 River were 1/sc, higher at H%c,; 1Uiddling up• land cotton inlNewYorkadvanced from 813-16c. to 9 3-16c., but closed at 9c. The difficulties at the woolen mills of 1 he ..American Woolen Co. growing out of the strike the prnvi-0us Ja.nua.ry of the weavers at Ulneyville contmued to t.pread. There were also preliminary moves i a the great strike. of the anthracite coal miners which occut-red Lhe following l\fay. At a joiot convention on March 23d of .Dictricts .No. 1, 7 and 9 of tlie United Mine Workers, declara·tioos were adopted in favor of an eight-hour day for mine laborers in p1ace of ten hours and also in favor of various ,.other changes. Failin~ a settlement with the companies, ·· the miners were to abstain from work half of each week, beginning April 1. Through the mediation, however. of ··the National Civic Federation an agreement was reached to ,defer action for thirty uays. The U. S. Government on _March 10 filed its bill of complaint againsL the Northern :~ecurities Lo. in the U. S. Circuit Court for the District of .Minnesota. Testimony was also takeo in the suit of Peter Power against the Northern Pacific Uo.; J.P. Morgan, Jacob :H. ~ch1:ff, J. 8. Kennedy and various other prominent people were examined. 1\lr. Mo rgan by bis frank answers dis .. armed criticism. Secretary 8baw discontinued bond pur,chases at the close of busine~s March 15; this left his pur-chases for March $5,IJ50JJ60 at a cost of $7,444,844. There was a decline in grain prices, and wheat for May delivery in New York close i aL 77 % March 3l against 82¾ Feb. 28. In ·-S .:>Uth Africa an event was the _c apture by the Boers of the British Genera.I, L')rd Methuen, with a loss of maoy office, s aod men; he was subsequently released. Cecil Rhodes died on the 26th. The U. S . Supreme Cuurt declared tbe Illinois Anti-Trust law unconstitutional because uf the provbion in it exempting agricultural products and live stock from its op'-'rat100. Mr. Charles ::N'. Fowler, Ch1tirnan of the Bank• ing and Curre ucy Co 1Jmittee of the House of Representa tives i ,troduced his bill for a complet · revision of the banking and currency laws; it was favorably reported by the committee the next month: it antagonized many different interes~s, and the followmg December is understood to have been abandoned. The Ship Subsidy bill passed th ... Senate March 17 by 4~ to 31 votes; in December it was still in Committee in the House . The Inter-S~ate Commerce Commission ·, Legan injunction vroceedings, which were suJcessful against https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis various railroads throughout the country, to cotnpel the observance of published rates. W eathn conditions continned unfavorable, se-.ere floods being reported in many parts of the country. At an International Sugar Conference held at Brussels a convention was agreed upon between France, Germany, Italv, Great Britain, Austria-Hungary, Spaini the Netherlands, Be1gium, and Sweden and Norway, for the suppression by the contracting parties of all bounties direct and indirect for the benefit of sugar producers. The agree ment goes into effect tiept. 1, 1903 . Railro ,.d Events ,i ,,rt ,-;t,>c1' Exchange MattP.rR. -The trend of prices was on the whole upward during March, notwith· standing the many unsettling influences uoted above, The sales reached 11,957,409 shares. On the 10th the British reverse in "'ioutll Africa and tb.e Boi!ton labor difficulties made the market weak. Tliere were also downward reactions at other times, but l[enerally prices at the close of the month were substantially big her than at the'opening. In special stocks sht1.rp advances were recorded. Among these Chic.& East. IJJ. com. rose from 147¼ Mar. 1 to 161 Mar. 14: Chic. Incl. & Louisv. com. from 60¾ Mar. 5 to 67½ Mar. 24; Mil. & St. Paul com from 162 Mar. n to 169% Mar. 22; Northwest. com. from 217 Mar. 1 to 233¾ Mar. 31; Rock Island com. f om 16~¼ Mar. 3 to 181¾ Mar. 2i; St. Paul & Omaha com. from 144 Mar. 4 to 155 Mar. 7, "Sao" com . from 45 Mar. 12 to 60 Mar. 31; Gen. Electric from 296 Mar. 4 to 324¾ Mar. 25; Colo. Fuel & Iron from 86 ½ Mar. 1 to 109 Mar • 26; North American from 93 Mar. 3 to 127¾ Mar. 26 . Breaks occurred in Pacific Mail, in Amalgamated Copper, in Amer. Ice stocks, and some others. The dividend on Southern Ry. pref. was raised t.o a 5 p. c. basis. The Pennsylvania RR. announced a 50-million-dollar bond if,sue. The St. Louis Southwestern ari:-anged to create a new $25,000.000 mortgage to take up the $10,000,000 second incomes and to provide means for additional road equipment. etc. Edwin Hawley and associates acquired control of the Colorado & Soutbern. The Evansville & Terre Haute re~cinded tbe action declaring a dividend on common stock. A dividend of 2 p. c. was declared on Fort Worth & Denver City "stamped., stock, the first since March, 1899. Tne Money Market.-M.oney rates ruled firmer ; on call at the Exchange 5 p. c. was frequently obtained the latter part of Mawb. Money holdings of the banks wne reduced from $214.348.000 Mar. 1 to $246,779.900 Mar. 22, but Mar. 29 were $248,303,900 In &urplu:; reserves improvement began earlier, owing to a noteworthy c-:>ntraction m loans, with a resulting diminution in depm,it liabilities. Surplus reserves dropped from $9.975.925 Mar. 1 to $3, 112,9fl0 Mar. 15 and were $6,965,575 Mar. 29. Loans fell from $938,191,200 Ma.r. 1 to $904.074,500 Mar. 29 and deposits from $1,017,488,300 to $965,353,300, .!\tar. 31 the rate for call loans at the Stock Exch rnge was 3 t.114½ p. c. There was no inquiry for time loans for short periods; rates for four to six months were 4¼ to 4¾, Business in commercial paper was confined to Eastern buyers and to those in near-by cities. Offermgs were moderate at 4¼@4½ for double names,4½@5 for prime and 5@5½ for good single names . Fo'reiy,1. EJclw.nge, t::itLver. Etc. -Foreign exchange rates we-re pretty well maintained, the fluctuations being within narrow limits. The outflow of gold ceased after borne early shipments (for the month $3.823.826 was sent to Europe from this point) but sterling remained close to the gold-export poiLt and a resumption of shipments was regarded as probable at any moment. Quotations Mar. 31 were 4 85%(a4 85½ for sixty-day bills, 4 87¾@4 87½ for sight and 4 88¼@488½ for cable transfers. Open market discou11ts at the close were 2%@2¾ at London, 2¼ at Paris and 2¼@2¼ at Berlin and Frankfort. Silver in London declined and closed at 24 13-16d., against 25,¾d. Feb. 28. APRIL.-Current Event.~.-The condition of winter wheat for April 1 was reported only 78·7 (against 91 ·7 April 1, 1901,) and much anxiety was felt regarding the crop on accouni; of long continued drought, particularly in Kansas. ! his anxiety was increased by unseasonably hot and dry weather about the 18th to the ~0th, temperatures as high as 100 being reported from some points in Kansas and Nebraska. Later the heat abated, but the Agricultural Bureau the 1st of the next month reported the conditions only 76·4, with much acreage abandoned. Cash wheat in New York closed at 90½o, April 30. against 85%c, March 31, and cash corn 7l¼c,, against 67¾c. Another move in the attacks upon the Northern Securities Company occurred. The titate of Washington applied to the U. 8. Supreme Court for leave to file an original bill fo~ an inj1.mction (the State of Minnesata, as noted above, had failed in the attempt), and on the i1st the Court decided to grant the applicat10n. Impmtant development~ occurred in connection with Louisville & Nashville. The management had decided to issu-3 the ,50,000 additional shares of stock authorized io 189::l and sold the same. The new stock not having been listed, the com• pany found itbelf temporarily under the necessity of borrow• ing tbe shares for deltvery. At the same time there had been considerable short st-lling. not a ltttle of it by foreign partil-'S. This situation John W. Gates and a Chicago combination undertook to turn to their pecuniary gain. In their efforts to compel the shorts to cover. they were evidently obliged to accumulate a great deal more stock than they had counted upon, and they fina:lly turned the whole matter, including the shares acquired, over to J.P. Morgan & Co. The Amalgamated Copper Co. made another cut in its dividend, RETROSPECT. -declaring ·only ½ of 1 p. c. quarterly. The Calumet & Hecla Mining I o. declared only 20 p. c .. against 40 in January and mucb higoer amounts pre,·iously. The report of the cooferrees of the two Houses of Congress on the War Revenue Repeal bill was adopted April 7, and tbe bill became a law. Its features are outlined in our remarks for February. Government deposits in the banks were further increased, they ag_greg;).ting $ 20,396,715 May 1, against. $118,041,310 April 1, $113,433,Y47 March 1 and $112,578.62 Feb. 1. The ::3ecretary also announced that it was his puqJose to add still more to the total. db.tributing the new sums mainly among \Ve8tern banks. The Engbs ·i budgHt was submitted to Parliament, -containing proposals for additional taxes and accompanied by a new loan for £132,000,000. Another uenny was added to t.he income tax, and a registration iruport duty (like that .abandoned in 186\J) imposed on grain, with a correlative duty on flour and meal. The first effects of these import -0.utLes was to cause a rise in the price of wheat and flour in England and also of bread tkere. The new loan took the form of consols, and was issued at 93½, Half the loan (£16,000,00IJ) was taken in advance by J.P. M0rgan, the Roth::ch1lds and the Barings, and the other half was sub-scribed for twenty times. Messrs. J.P. Morgan & Co,. Baring, Ma.goun & Co., Drexel & Co. and Kidder, Peabody -& Co. forwarded subscriptions from the United States ; £5,100,000 was placed in this country. Peace negotbtions were prosecuted by the Boer leaders, wbo finally concludeJ to take the vote of the commandoes in the field -on t.he question. Russia also brought out a lom (4 per -cents) for £15,000,000, in Berlin, Frankfort, Amsterdam and St. Petersburg, the issue price being 97 ½. and this also was subscribed for many times-100 times, it is said. The con• tinued advance in the prices of meats as the result of the J>revious year's crop shortage led to a concerted movement again::.t the so-called Beef Trust, investigations being begun by both the State and the national authorities The price of middlit,g uplands co:ton in New York advanced from 9 -cents to 9½, closing April 30 at 9 13-16 cents. Notwithstanding this advance and the 10 p. c. increase in the wages of mill operative.,, the price of print cloths (regular sizes) remained unchanged at 3% CE:nts per yard. On account of the continuance and spread of the strike at its mdls in R. I., the American Woolen Co. was obliged to announce early in the month that deliveries on orders would be indefinitely delayed. An extensive steamship combination was arranged by Mr.J. P. Morgan in L')ndon, embracing most of the lines open,ting on the North At 'ant.ic. namely the White Star .line, the DJminion line, the American and R1:d Star Imes, the Le) land line and the Atlantic Transµort Co.; purchase was not completed until December. The combination was --capitalized at $170,000,000-$1.10 .000,000 in stock and $50,000.000 bo o1s (V. 74, p. 1098). The arrangement excited much hostLle critici!"m in England, where at was construed as possibly endan ;: ering British supremacy on the i.eas. An agr1-e:inent with the German and other Continental tran;;-Atl -r ntlc lines was part of the pla.n. To provide relief for tb.e Cuban :sugar and tobacco interests the House of Rt>presenta.t1Yes at Wasbiugton on the 18th passed tbc, Cuban Rec iprocity Bili -providing for a 20 p. o. reduction in tariff duties, but with an amendment (engrafted on the bill by a minority of the Republicc1ns in conjunction with the solid Democratic vote) .abolishing the differential duty on refined suga:r. Tbe meas·ure wa.., bung up in the Senate. A new Chinese Exclusion bill became a law April 2\j, continuing the existing law and extendiul-! its operation to the new island posses~ions of the ·united :,;1 ates. Gov Od~Jl April 17 signed a biq fixrng the btate tax 1or tr ,e year begmnmg Oct. i, 1902, at only 13 hundred I hs of a mill, the lowest in the history of the State, .and pointed out that except for the Constitutional prov1s10n requir10g a levy on account of the canal debt there would be .no direct tax at all. The Gove1·nor also sigoed bill,i further -extending the list of savings-bank investments 1n New York State-particularly in railroad mortgage bouds V. 74. p 751. He vetoed the Krum Corporation Tax bills. The Stranahan Mortgage Tax bill, subjecting mortgages to a re -cording tax of one-half of one p. c., but exempting them thereafter from the personal property tax. died in the Legislature. The National City Bank announced that its capLtal was to be increased from 810.00 ,1100 to ·t5,000.000 and its surplus from 7,500,000 to $15.000.000 by tbe sale of 15 mil·Jioos new sto.·k at 150. The Fu-st, National Bank of Chicago -arranged to absorb the Metropolitan National of tbe same oity, and to incrtase its capLtal from $5,000,000 to $~,000,000, In June the National Bank of Commerce of :-.t. Loui:1 was -consolidated with the Continental National and its capital increated from $,5,000,000 to $7,000,000. A grec1t conflagration occurred April 3 at Atlantic Cit.y, destroying a large number of the hotels there. Railr,,ud Ev.-ntx and Stock Excha11ge Matfer.q -Much similarity existt·d between the stock market of April 1902 and that of the same month in 1901. Transactions did not reach the same extraordinary proportions, and yet the salt-s aggregated 26,567,743 shares, makmg the month one of the very largest on record. The speculation was hardly less r "ckles-; than on that occasion, though more coospicuous m specialties than in the standard stocks, and with the further difference that tbe general p11blic was not present in the market to the same extent. Clique manipulation was stroogly in evidence, startling ad,ances in prices being re l· orded from day to day, which were apparently effected with the utmost ease. As it happened, the performancrs in Loui~- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1'7 \'ille & Nashville served to promote the speculative fe,er. At first the threatened corner in that stock created a decidedly uneasy feeling, many fearing a repetition of thedisaster attending the Northern Pacific struggle in May 1901. But when it was seen that this danger had been. averted, great buoyancy developed, the unfavorable prospects for winter whea.t acting on only one or two occasions to give a set-back. In some high-grade ina~tive stocks there were instances of gains of 10@15 points in a single day. On the last day of the month a sudden break in a prelude as served Internationlil Power stock to the disturbances which came the next month. This stock had been run up from 95 April 1 to 199 April 29, and dropped without warning April 30 to 120. The occurrence was naively explained by one of the interested parties as due to the failure to give a counterbalancing order to buy when an order to sell 3,• 00 shares was put in. As showing some of the month's advances, New Haven stock rose from 215 to 25J, Michigan Central from 150 to 192, North West. common from 232 to 271, Nashville Chatt. & St. Louis from 89½ to 122, Illinois Central from 141¾ to 153_¾, Keokuk & Des Moines common from 20 to 40~i, Fort Worth & Denver City 36¾ to 51½, Chic. Ind. & Louis. common from 57½ to 72¾, Chic. & East. Ill. common from 156¼ to 174, Canadian Pacific from 112½ to 129%, St. Paul & Omaha common from 153 to 170½, Hocking Valley common from 73½ to 851/s, Read int? com. from 56% to 68¼, etc., the high points being recorded as a. rule towards the close of tbe month. There were some sharp advances in the industrial properties. too, American Snuff com. going from 74¾ to 106¼, Brooklyn Union Gets from 223 to 242, Colorado Fuel & Iron from 95 to 110½, New York Air Brake from 154¼' to 196, Westinghouse Electric com. from 195 to 230½, etc. Louisville & Nashville sold up from 105¼. April 2 to 133 April 14, but after it was aonounced that there would be no contest for control, there wa.sareaciion, and the ~lose April 30 was at 128. When the excitement in L. & N. was at its height enormous transactions took place in Southern Railway common shares, and the price ran up to 4.0½ April 15 (against 32¾ April 1); the price quickly receded, and the close (April 30J was at 36%, Umted States titeel stocks moved within a narrow range, the appearance of the company',s circular with reference to the ibsue of the 250 million new bonds (200 millions going to retire a corresponding amount of preferred stock) being without much influence. Railroad absorptions were quite numerous, the Louisville & Nashville arranging to take the Atlanta Knoxville & Northern (this being one of the purposes of the issue of the $5,000,000 new stock), the Chic. Rock Isl. & Pacific the Choctaw OkJahoma & Gulf, and the .Atlantic Coast Line the ~av. Florida & Western, or Plant system. The Rock Island issued 24.000,00u of 4 p. c. bonds to pay for the Choctaw shares acquired. The Hf>inze copper properties were united under the c..arne of the United Copper Co. of Montana, with $80,000,000 capital. The Mrmey Murket.-Money rates worked higher. TheClearing House s~atement April 5 :showed surplus reserves, of only $2,649.525, tbe sma.llt>st since Nov .. 1899. The following ~fonday ( April 7) 2½ m 1!1iuns gold was engaged for shipment to Eurnpe tbe ne\L day, and call loan rates at the Stock Exchange touched 7. the sa.me figure beiog- again reached on the 9th. Surplu~ reserves increased to $-1.5il,7!'i0 April 12, to $13.578.650 April 19, and to $9.461,050 April 26, but 5@6 was frequently paid on call, and the range April 30 was 3_¾ra8, banks then loaning at 4½ as the minimum. Time loans at close were 4@4½ per annum for from four to i-ix months aud paper 4¼-a4½ for double names and 4½ta5l,,4 for prime and Mtf,½ for good single names. The mon+->y holdmgs of thf> banks. a.ft1-1r dropp111g to :·24J,8U4,100 April5, w'"'re $248,097.700 A~r 1_ 26. Loa., ,s incrf:'ased from $904,074,500 March 29 to $907.223, 400 April 5. and then shrank to $89o,39-l,100Apr1l 26. Deposits dropped from $965.353.~00 March 29 to $952 774,200 April 19, recovering to $9'>4:,546,6 ,0 April 26. For.-1gn Hx,1h.ang~. 8ilver. Etc Foreign exchange rates ruled high. On the 7th $2,518,689 gold was engaged for export to France the next day. Tne st1:ffoess in the local money market, however, brought about some decline in sterlinjr, stopping the gold outflow. Later an urgent demand for bills, -partly to remit for Louisville & Nashville stock purchased in Europe on American account, and partly also in connection with the American subscriptions to the D'3W Britiso loan, cau~ed an upward reactlOn again, but no further gold shipments occurred. Rates see•sawed a good deal. bnt withi 1 \ narrow liuii's. April 2d prices were up to 4 853,8rn4 85½ for Jong bills, 4 87½(a4 88 for short ancl 4 88_%(a4 88½ for cable transfers: April 10 saw the figures down to 4 85@4 85¼. 4 87½@4 87o/4 and 4 88@4 88¼' for the t.hrPe clas~PS of bills. B_,· April 23 they were up again to 4 85%t7t4 85½, 4 88(u4 88¼ and 4 88½([!'4 88%. fhe c1ose April 30 was¼ cent off for the la,t two cla~,;p,.;, Discounts at the Europ.,an centres April 30 wne 213 16'1i2½ at London, 2¼ at Pa.ris and 1½@1 ¾ at Berlin and Frankfort. Silver on the 21st dropped to 00 5-16d., the low point in the world's h 1--tor_v up to tha.t time, but in November went still lower. The close was at 23½d. MAY..-Cur-rent Fve"t~.-Acollapse in a number of ''cw·b" securities marked the opening of May and later the strike of the anthracite <'O::tl miners ocC'urred. The udden break April 30 011 tbe Slot.:k Exchange in Iaternalional Power 18 RETROSPECT. stock (narrated above) was quickly succeeded by a complete break-down of the so <'alled \Vehb-.\leyer specia.ltie~. though Dr, William Seward Webb emphatically denied that there had ever been such a thing a.s a Webb-Meyer syndicate. and from his statement (V. 74, p. 987,) he does not appear to have been pecuniarily interested jn any except the Rutland Railroad, though abo haviog acted as President of the Dominion Securities Company. The properties involved besides the Rutland RR. were the St. LawrencP & Adirondack Ry., the Dominion SPcurities Co .. the Hackensack Meadows Co .. thP North American Lumber & Pulp Co. and the Storage Power Co. Excepting the first two these were all curb specialties, and a most extraordinary manipulation had been carried on in them. Contrasting market values at the beginning and end of the month. Dominion Securities dropped from 118¼' to 16, Hackensack Meadows from 79½ to 8, St ,rage Power from 10¼ to 3½ and North American Lumber & Pulp from 39¼ to 5 bid. A report on these various properties made at the end of the month by an investigating committee revealed a barren array of assets. A very credulous state of the public mind had alone made possible the marking up of these shares, just as it had permitted the manipulation upward in April of General Carria.~e stock (a. con<'ern in receiver's hands) from ½ to 20½, only to be followed by a qmck break when a few days subsequently an asse~sment on the shares was announced. With the collapse in these various things a somewhat serious situation developed. Dr. Webb came to the rescue and bought r,ack from Meyer a large amount of the $1,250,000 Rutland preferred stock which he had sold to him in January, and which was now pledged in loans. This, however, did not prevent the failure of three Stock Exchange concerns, namely Henry Bros. & Company, Lockwood, Hurd & Company and Offenbach & Moore, Henry Bros. & Compar y subsequently resumed. The anthracite miners' strike came as a surprise. The conferences early in the month between operators and miners, arranged through the National Civic Federation, having proved fruitless, the executive committees of the anthracite mine workers on May 9 directed a temporary strike to begin Monday, May 12, and to continue pending a decision by the miners tbemsel ves at a convention which bad been called for l\1ay 14 at Hazleton, Pa. On May 15 this convention by a vote of 461¾ to 349¾ (the basis of representation being one vote for each 100 miners) endorsed tbe strike, and the 145,000 miners involved continued in idleness. With the view to bringing further pressure on the operators, the engineers. firemen and pumpmen were directed to quit work June 2, the intention bemg to let the mines fill with water. District No. 17 of the United Mine Workers, which embraces the bituminous coal miners of Virginia and West Virginia, on May 24 also voted to suspend work on June 7 unless their demands for increased wages. etc., were complied with. After about three weeks' idleness the weavers at the Washington Mill (at Lawrence, Mass.,), owned by the American Woolen Co., decided to return to work on May 12; the strike against the double-loom system at Olneyville, R. I., and other points continued. The high price of meats led to attacks on the East Side of this city and at Newark, N, J., Boston, Mass., and other points, upon the kosher butchers, and small sized riots were of frequent occurrence, Agricultural prospects improved under good raius. though the report of the Agricultural Bureau at Washington the next month ~bowed the condition of winter wheat little changed at 76•1; spring wheat was 95·4. Wheat prices declined.- M•ddling upland cotton in New York declined from 9 13-16 cents April l30 to 9½ cents May 29. Print cloths droppe i from 0% to ~¼" cen•s. Treaimry cash holding~ June 1 were $29!-t.606,600. ag.-ti' st $292,423,185 May 1. ».ad Governrr ent depmi1ts in hanks $1j4,88\?,004 ag~inst $l20,3~6,715 William H. Moody of Mass;.tchusetts May 1 succeeded John D. Long as Se0retary of the Navy. On the prospects of peace in South Africa (which was realized the very last day of the month) British consols sharply advanced and closed at 97 3-16 May 31, agamst 9411-16 April 30. King Alfonso of Spain, having reached the required age, the QuPeo RegeHt yielded up her functions, and Alfonso became King. The occupation of Cuba by the United States ceased on May 20, on which day the Republic of Cuba was installed, with Tomas Estrada Palma as the first President. The referee appointed to bear arguments as to the constitutionality of ,he New York ~tate Franchise Tax Law made his report, finding the law con!!ititutional in every respect, The report was confirmed by Justice D. Cady Herrick in July and an appeal taken. One of the greatest calamities in the world's history occurred on May 8th in the destruction by a volc'ano on Mont Pelee of thP. town of St. Pierre, on the French Island of Martinique, m the West Indies; 1t is estimated about 40,000 persons perished. There was also a volcanic eruption on the British island of St. Vincent, with the loss of about 2.000 lives. Our people came to the relief of the suffning survivors and Congre!'s voted an appropriation. The Clearing House Committee of the New York Clearing House Assocjation adooted rulei;i declaring that institutions hereafter admitted to Clearing House privileges (trust companies as wfll as banks) shall be required to keep in tbeir vaults such cash reserves as the committee may determine, Rmlroad Events ana ,~tock Exchan-0e MatterR,_.:_The market was subjected to a severe test in the deverlopments noted above, but held .up remarkably well. The collapse in the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Webb-Meyer stock~, with the attendant disturbance of the money market, caused a sbarp fall in the general Jist at the opening of the month; and the prospect of a strike in the anthracite regions kept the market unsettled for q'.lite a while: It was supposed up to the last that the strike would be averted. When this proved not to be the case, some further decline occurred, but the selling pressure soon abated, and after the 19th the course of the market was rAversPd. Milwaukee & St. Paul common dropped from 175 May 1 to 165¾ May 19 and closed at 170½ May 29. On Rock Islan<l the range was from 179¾ to 170,. closing at 173; on Reading common from 68½ to 59¾, closing 63%; on Erie common from 39½ to 35%, closing 37%: on New York Central from 1613.{ to 153½, closing at 156¼@157. In the case of North West. therewere rumrrs that the Moores of Chicago were seeking a foothold in the property, and would demand repreRentation on the boa.rd of directors at the annual meeting June 5. '_fhe stock (common) dropped from 270 May 1 to 241 _May 13._ closing 249½ May 29. The election next month found the Vanderbilts still in undisputed control. Cntain stocks were strong throughout the month, Canadian Pacific rising from 122½ May 2 to 141% May 26; Hocking Valley common from 79 May 17 to 88 May 29; Kansas c ity ~outhern common from 25 May 5 to 35¼: May 22. Louisville & Nashville rose to 141> May 7 but closed at 138 M'ly 29. The Louisville & Nashville and the Southern Railway arranged to take over the Chicago Indianapolis & Louisville Railway, purchasing with an issue of joint bonds the common stock at 78 and the preferred at 90. The quarterly dividend on Northern Pacific shares (practically all held by the Northern Securities Co,) was raised from 1 p. c. to 1½ p. c. The Pennsylvania. RR. semi-annual dividend was made 3 p. c. against the previous 2½ with an extra at the end of the year. The· Fuller syndicate, representing the Gould people, was successful in obtaining the intereflt of the City of Baltimore in the Western Maryland RR. The members of the American Railway Association agreed to adopt the per diem method of payment for cars, beginning July 1. The Money Market-The break in International Power andcollapse in the so-called Webb-Meyer shares had a decidedly disturbing effect on money rates the early part of Ma.y. On call at the Stock Exchange the extreme figure May 1 was 15, on May 2 it was 10 and on May 5 (with the failures on theExchange) 25 p. c. Even on this last-mentioned day some large financial institutions, including J.P. Morgan & C'o., did not exact more than 6 p. c. On the tith the highest rate was 10► on the 7th 15, on the Hth 9, on the 9th 8; May 12 the small bank reserves disclosed the previous Saturday and the distribution of $10,000,000 to the members of the U. s. Steel syndicatecaused a. rise again and 10 was touched. May 13 the highest figure was 8, and thereafter rates gradually east-'d off under R- larger turn fl.ow of money from the interior; May 29 (the 30th being a holiday and the 31st ~aturday), the range was-2¾@3½, Money on time at the close was quoted at 4¼@4½for ninety days to six months; paper then was 4¼@4½ for double names and 4½r~4¾ for prime single and 5@5½ forgood single names. Surplus reserves of the banks dropped to $3,461,000 May 10, but recovered to $14,801,450 May 24, decreasing again to $11.929,000 May 81. Money holdings were $249,531,400 May a, $242,387 .000 May 17 and S249,010.600· May.31, Loans, after expanding from $893.894,100 April 26to $!::104,162,500 May 3, were reduced to $870,483 300 May 24, under the transfn, it wa<1 understood, of some loans to London, but the total rose again to $885,592 600 Mav 31, reflecting, it was supposed, the requirements for some large syndicate operation~. Deposits foUowed the'course oe Joans and ,-.·ere $954_546,600 April 26, $968, 18!::l,600 May 3, $931, 751,900May 24 and $948.826,-100 May 31. Jt~ reign Exeha•1ge, Silv~r, &e The high money rates here brought about a sharp declme in sterling exchange th&first half of May. Exchange was bought only to meet the Tu.Ost url;!ent requirements for remittance. bankers placing their funds in toe money -market in preference. There were also consider~ble offerin.,-s of sight drafts on account transfers of ~ecurit•es for the purpose of employing them as. collateral for direct loarR in Europe imtead of their being used here as the basis for sterlmg loans. Furthermore, the favorable outlook for peace in South Africa stimulated buying of 1,tocks in tbis market for European account. From 4 8,5¼@4 8~% on May 1 the price of long bills dropped by May 14 to 4 ~4@4 84¼, the quotation for sight from 4 8':'½@ 4 88 to 4 8fi½@4 86¾, and for cables from 4 88%@488¼ to4 87(m4 87¼, The market was irregular after that,· first rising. then falling. !lnd the clo"!P May 29 was 4 84%@4 84½t 4 87@4 87¼ and 4 8i½@@4 87½ for the three claF-ses of bills. Diecounts May 31 were 2¾@i½ at London, 1½ at Paris, and 2¼ at Berlin and Frankfort. Silver in London recovert d somewhat, and the price May 81 was 23 Ja-16d. of JUNF,. -f"'urrent El'e-r,ts.-Peace in South Africa was announced. The document embodying the terms was actually signed ~aturdav, May 31, but the fact did not become definitely known until June 1. A break in the South African mining. market was one of the features of the month, occasioned by realizing sales by parties who had bought in anticipation of peace. In the anthracite coal miners,. strike, the order directing the engineers, firemen and pumpmen to cease work on Monday, June 2, was pretty genera)]y obeyed, but the companies were nevertheless able for the most part to prevent the extensive flooding of th-e mines- RETROSPECT. which was s0 much fear ed. Later the non-union fire bosses went out rn considerable numbers. Fmallv on June 18 Pre~iden t l\I itchell called a national convention for July 17 of all the miners in the count, y. both bituminou ' al)fl anthracite, belongin g to the United Mine Workers, to dt>termine whether the bituminous miners should join m the strike. One incider t of the month was the inve~tigation inf:!tituted by Carroll D. Wright, United States Ccmmissioner of Labor, at the request of President Roosevelt. The bituminous coal miners' strike in Virginia and West Virginia took place June 7th as agreed upon. Some other labor difficulties were also noted; in Paterson, N. J., a strike among the silk dyers led to such activity on the part of the anarchists tbat the military had to be called out; in Pawtucket, Rhode Island, a strike of the street-car employes necessitated the employment of troops, and in Chicago a strike among the packing-house teamsters was accompanied by seriom riots. The United States Steel Corporation made an advance of 10 per cent in wages. The strike situation at the mills of the American Woolen Co. improved. The ccronation of King Edward, which bad been set for June 26 irnd for which elaborate preparations were being made, h;1d to be postponed when the time came, owing to the sudden illness of the Kmg, necessitating an operation. The outlook for the crops continued good. The Agricultural Departmen~ made the condition of oats June 1 9U·6, spring wheat 95·4 and winter whe$1.t 76·1. Print cloths dropped from 3¾ to 3 cents. · The U S. Government absorbed $1.3,195,613 more money from the channels of trade- this though Government deposits in banks were further increased $1,624 5 14_ The House of Representatives killed the Corliss Pacific Cable bill. The Senate substituted the Spooner Isthmian Canal bill for the Hepburn bill, received from the House the previous January. This substitute was accepted by the Home. It provides for the construction of the canal by the Panama route, if matters of title and treaty rights can be arranged, and the payment of 40 million dollars for the property or the Panama Canal Co.; also the issue of 180 million 2 p. c. bonds. President Roosevelt sent a special messa.ge to Congress urging a reduction in tariff duties on Cuban imports into the United Rtatt=>s, but this did not avail to secure the passage of th.B Cuban Reciprocity bill by the Senate. An Irrigation bill. providing for the creation of a Reclamation Fund from sales of public lands, to be used for the construct10n and maintenance of irrigation works, became a law. The House of Representatives June 26 passed its own Philippine Civil Government bill in place of that received from the Senate. The matter then went to Conference Committee, and a compromise measure became a law the next month; one of the elements of compromise was that the Senate receded from its provision for the coinage of a Philippine silver dollar and the House receded from its provision for the establishment of the gold standard. The House amended the Sf-Ilate bill for the Protection of Presidents of the United State by inserting antianarchy provisions. The substitute measure, however, d1d not become a law. The Waldeck-Rousseau Cabinet in France resigned, and was succeeded by M. Com bes as Premier. 'I he Massachusetts Legislature passed a bill allowing savings banks to invest in street railway bonds under certain well-defined restrictions. 1' Lit, ou<t E'i:en ts and .stock E..cchwngP. Matters. -Speculation was inactive, sales reaching only 7,834,768 shares, but the market, wbile decidedly irregular, was on the "' hole strong. Chic. & East. lll. com. eDjoyed a sens~t1onal rise, touching 195 on the 30th, as against 159½ on the 12th, the reason for which appeared next month, when the road passed to the control of the St. Louis & San Francisco. Illinois Central advanced from 150 June 5 to 161½ June 30; announcement was made of a proposed increase in stock from $79,200,000 to $115,040,000, with the privilege to the shareholders to take the additional stock at par. Missouri Pacific rose from 99% June 5 to 111.¾ June 30, Pennsylvania from 148¾ June 5 to 152½ June 18, Mil. & St. Paul common from 167~4 June 5 to 176¼ June 27, Wabash common from 26% June 5 to 31½ June 24. The industrial shares generally were lower; Amalgamated Copper declmed from 69¾ June 2 to 62¾ June 24, Amer. Sugar Refin. com. from 129% June 13 to 124¾ June 25, New York Air Brake com. from 17334 June 3 to 162½ June 24. Western Union fell off from 92¼ June 18 to 88 June 30. The announcement came that the Pennsylvania RR. bad concluded to make a contract with the Postal Telt=>graph Cable Co., giving the latter the use of the lines of the Pennsylvania system to replace the Western Union. Extra dividends of 1 p. c. were declared on both com. and pref. shares of Chic. & North West., raising rate to 7 and 8 per annum respectively. The dividend rate on St. Paul& Omaha was also increased. The New York Central and Pennsylvania both put on a twenty-hour train to Chicago, the best previous time having been twenty-four hours. An agreement was reached between the Pacific Mail Steamship and the Panama RR. for a resumption of the traffic rdation s which were terminated in December, 1900. The Atlantic Coast Line RR. authorized a new mortgage for $80,000,000, of which about $31,LOO,OOO were issued. Vice-Chancellor Emery at Newark made permanent the injunction in the Berger suit against the U. S. Steel Corporation; on appeal to the Court of Errors and Appeals a decision was obtained in September in favor of the Steel Corporation. The American Ice Co. paesed the dividend on the preferred stock after havrng prev1ougly passed that on the common. 'Ihe American Pneu1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 19 matic Service Co. passed it~ pref. di vide nd. The Colorado Fuel & Iron Co. pa:,,sed its common dividend, the act giving rise to considerable d1sst=>11sions. I he M"ney Mu1 ket Except on June 2, call money ruled below 5 p. c. in June until the 30th, when preparations for the 1st of July disbursements caused a rise to 7 p. c. Rates for time money were well mamtained. Quotutions at the close were 4½ for sixty days to Eeven months. Commercial paper was quiet, closing at 4¼ for choice double names and 4½@5 for prime and 5@5½ for good single namPs. Surplus reserves of banks fluctuated, bemg $11,285.575 June 7, $13,302.350 June 14, $12,158,250 June 21 and $12,978,350 June 28. Money holdings dropped to $247,759,700 June 7 and then rose to $251,935.700 June 28. Loans, after being reduced to $881,070,400 June 14, stoo<i at $893,871,800 June 28, and dPposits. after dropping to $942,868,600 June 14 advanced to $955,829,400 June 28. Foreign Fxchan9P, .S1lver, Etc -With the restoration of normal conditions in the money market foreign exchange ruled strong during June and rates almost uninterruptedly advanced, closing June 30 at 4 8540@48550 for Jong, 4 f-775@ 4 8785 for sight and 4 8820@4 8830 for ,-able transfers. There was a sharp decline in French exchange on London the latter part of the month, which seemed to render possible shipments of gold from this side, but no engagements of the metal were made. The strength of our market followed in part from a demand to remit for interest due July 1 on American railroad bonds held abroad. There were considerable offerings of long sterling sold speculatively in expectation of covering ,,. t a protit later in tbe se8son, butt hese bills were put out so as to avoid depression in rates. Discounts in Paris were much higher, standmg June 30 at 2½(i:rl2¾, The rate then in the open market London was 2 9-16@2%, and at Berlin and Frankfort2¼@2 ¼(. ~ilver in London was firmer, being 24¾d. June 30. JULY.-Current Events.-Congress adjourned July 1. The general convention of the United Mine Workers held July 17th decided tha.t the strike of the anthracite miners should not be extended to the bituminous fields, but that instead the bituminous miners should give pecuniary aid to the anthracite strikers. The strikers resisted attempts to resume work at the anthracite mines; at Shenandoah. Pa., riots and bloodshed ensued, and July 30 Gov. Stone of Pennsylvania was obliged to send State troops to the scene. The soft-coal strike in Virginia and West Virginia seriously affected the Chernpeake & Ohio, but the Norfolk & Western sutfered less and less. There was also at one time the prospect of serious labor troubles at Chicago, the freight handlers employed by the twenty-four raih'oads entering that city having gone on strike and the ieamsters having gone out in sympathy. For several days the freight movement in and out of Chicago was almost completely tied up. The trouble was brought to a close on the 16th, when the strikers voted almost unanimously to return to work . leaving the wage scale and other questions in dispute to be settled bt-tween the men and their respective roads. The American Smelting & Rt=>fining Co. July 8 opened its smelting plant near Helena, Mont., which had been closed by a. strike since May 1. Crop indications continued highly encouraging. The Agricultural Bureau made the condition of corn July 1st 87·5, with an additional area of 3,520,000 acres; of oats, 92·1; and there was no serious impairment of these prospects during the month.• Taking advantagA of the prevailing short supply (following the previous season's deficient harvests), a corner in July contracts for corn was engineered at Chicago. The movement was credited to Harris, Gates & Co. July 8th the price touched 90 aents, or nearly 15 cents above the price for wheat in the same market, and comparing with 69½ cents, the New York price for corn on the day mentioned. The high level of values had the effect of attractmg unexpectedly large suppliPs of corn towards Chicago, some re-shipments from the East even being noted. On the 15th the price suddenly dropped from 81 to 65¾ , and towards the close of the month these July contracts at Chicago were as low as 55 cents. There was also a squeeze in oats at Chi-. cago ; wet weather retarded deliveries from the new crop, thus facilitating the squeeze, interior shippers having sold in expectation of an ordinary July movement. The price of new grade oats in.that market on the 25th touched 72 cents, the September option on the same day being only 34¾; at the close Chicago quoted July oats at 64 cents. In this market. also, the price for cash oats touched high figures, No. 2 mixed selling up from 55½ July 1 to 64¾ July 25 and the close July 31 being 64½ cents. This squeeze in oats led to the issuing of injunctions and extensive litigation. The course of whPat prices was downward and September wheat in New York declined from 79½ July 1 to 74% July 31. President Roosevelt issued a proclamation· granting full amnesty to the Filipinos who bad been in insurrrection against the United States. Complete civil control was established, the office of Military Governor in the archipelago being terminated. Judge Taft, Governor of the islands, on his way to Manila, stopped at Rome and began negotiations with the Vatican with reference to the withdrawal of the friars from the islands. No conclusion was reached. A treaty of trade, commerce and amity between the United States and Spain was signed at Madrid July 3. M. Rouvier, the new French Finance Minister, arranged a plan for converting 6,789,000,000 francs 3½ per cent 20 RETROSPECT. rentes into 3 per cents. In China the Cu inese Government fo rmally abolished the likin tax throughout the empire. The Marquis of ~alisbury resigned as Prime Minis ter of Great Britia n and was succeeded by the Right Hon. A. J. Balfour. The contract for building the Brooklyn tunnel w ent to the Belmont-McDonald people (the Rapid Transit Construction Co.). who are building the underground rapid transit road on l\Ianhattan l sland, they having put in a .b1d at much less than the cost of doing the work, namely $2,000,000, with SU •00,000 additional for terminals. Adolph S. Ochs, principal owner of the "New York Times" and of several other newspapers, purchased the "Philadelphia. Public Ledger." RailrotLa Everds and Stock Excharige Matters.-Considerable buoyancy pre.ailed on the Stock Exchange, followed by a reaction of several points at the close. Dealings increased, the sales aggregating 16,352,231 shares. Atchison common 1·ose from t-1 .% July 1 to 94½ July 26, Missouri Pacific from 108½ July 3 to 119½ July 31, Ches. & Ohio from 46¾ July 1 to fl7% July 18, Milwaukee & St . Paul common from 174 to 189% , Illinois Central from 159¾ to 170½, Ne w York Central from 1M½ to 167¾ , Pennsylvania from 151 % to 161¾ , Norfolk & Western common from 56 to 65¼ , Hocking Valley from 84¾ to 96, New York Air Brake from 164½ to 190. Amer. Sugar Refining common from 124½ to 134½ , Col. Fuel & Iron common from 88¼ to 102¼ . Chic. & East Ill. common further advanced from 194½ to 220¾ , and the news came that the St. Louis & San Francisco had arranged to take over; .1e property, giving 250 in its 4 p. c. stock trust certificate~,. or 100 of East Ill. common and 150 for 100 of pref. St. - ,..,ouis & San Francisco common advanced from 68 to 85½. .Jbw. R. I. & Pac. jumped from 172½ to 200¼, the latter, too, being ex-rights to take new stock at par, which rights sold at 9'al 13¼ , It then appeared that arrange ments were contemplated for exchanging the stock on the basis of $270 of new securities for $100 stock; the "Rock Island Company" was incorporated with $150,000,000 capital for the purpose of carrying out this scheme. The plan was not favorably received by the market, and was partly the cause of the sharp downward reaction throughout the lis ~ at the close; the large gold exports, however , on the 29th and 31st contributed to the same end. In Col. Fuel & Iron a contest for control between John W . Gates and the Osgood management developed, attendPd later by some picturesque features. The Mexican Central brought, out an issue of $LO,000,000 collateral trust 4½ s. Union Pacific shareholders were given the right to subscribe to $31 ,000,000 Oregon Short Line 4 p. c. and Participating bonds . secured by deposit of Northern Securities stock. The Atlanttc Coast Line RR. increased its semi-annual dividend from 1½ to 2 p. c. The Huntingdon & Broad Top Mt. RR. & Coal paid 3½ on its pref., against 2½ the previous January. A receiver was appointed for Bay ~tate Gas. The Money Market.-Call loans on the Exchange at times touched 6@7 early in July. One feature was a drain to Chicago in connection with the corner in corn at that centre. After the 8th, however, the rate did not get above 4. The gold outflow the latter part of t he month was w ithout much effect, and call money July 31 was 2½@3. Surplus reserves dropped to $10,084.725 July 5, but r ecovered and were $15,709,275 J uly 19 and $15, D02,400 Jul y 26, declining to $13,738,125 Aug 2. Money hulding s fell off from $·3!)1,935,'700 June 28 to $247,776,400July 12~ then rnse, being $253,024,600 Aug. 2. A noteworthy expansion in loans occurred in the week ending July 5, bringing the total up from $893,871 ,800 to $910,883.200. This was attributed to operations connected with the increase of the capital of the National City Bank from $10,000,000 to $25,000,000 and its surplus from $7,500,000 to $15,000.000, Loans then dropped to $903,327,300 July 19, but advarced again, being $919,671.600 Aug. 2. Deposits rose to $958,647,500 July 5, decreased to $940,692,900 July 19 and rose to $957,145,500 Aug 2. Time money July 31 was 4½ for ninety days ~and 4¾@5 for four to six months; paper was 4½@4¾ for double names and 4¾@5 for prime single names and 5½@6 for good. Foreign Exchange, S1lver, Etc.-The continued strength of exchange led to gold exports, the first shipment being July 22, the gold having been engaged the day before. Further amounts were shipped on the 24th, the 29th and the 81st, making the total outflow from this port for Europe $7,459,676. Exchange rates fluctuated considerably, but within narrow limits, remaining high all the time. The close July 31 was at 4 8545@4 8555 for long, 4 8785~4 8795 for short and 4 8825@4 8835 for cable transfers. There were considerable offerings of bills against, cotton deliverable in September and October. Open market discounts tended lower at the Continental centres, being 2¼ ,July 31 at Paris and 1% at Berlin and .Frankfort. The rate at London after some tlnctuations closed at 2 9-16@2.%, The price of silver in London further improved and was 24 7-16d. July 31. 1 AUGUST.-Current Events.-The strikers in the anthracite regions manifested an ugly temper, and the militia regiments at the scene of the trouble were frequently called upon to protf>ct the few non-union men at work at the culm banks or collieries. Mr. J.P. Morgan returned home after an extensive sojourn in Europe, but could not be induced to interfere on be ha lf of the strikers. An interv iew with Mr. Abram "-. H e wiLt , published in the papers of the 26th, in which he declared that the points contended for by the miners' organization would, if conceded, take ~way the right in- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis berentin every individual to sell his laber in a free market, attraoted a great deal of attention. The strike in the West Virginia bituminous districts also continued, involving much loss to the Cuesapeake & Ohio, but not to the Norfolk: & Western, which reported large increases in earnings. Crop conditions continued eminently satisfactory and all the indications pointed to the largest crops of corn and oats on record, with the wheat yield also satisfactory. The Agricultural Department at Washington made the condition of corn Aug. 1 86·5 and ~ept. 1 84·3, this comparing with 51·7 ~ept. 1 of previous year; aod of oats at harvest 87 2 Sept. 1, 1902, against 72·1 Sept. 1, 1901. Supplies of both cereals, however, were small, and after an early decline attempts on the part of short sellers to cover led to a sharp upward movementi particularly in the near-by deliveries. September corn in New York sold down from 61½ Aug. 1 to 55½ Aug, 11, then advanced to 66¼ Aug. 25, closmg the month at 64¼. September oats in Chica.go were 32¼ Ang. 1st, 29 Aug. 11th, 34% Aug. 21, and closed at 34½ , The U. S, Treasury again absorbed money from the banks, its holdings of cash rising from $309,335,086 Aug. 1 to $317,734,602 :--ept. 1. Suggestions came from Washington that the banks borrow U. ~- bonds and take out additional circulation. Sensational developments occurred in the suit of Peter Power against the Northern Paci6c Co., his counsel, George Alfred Lamb, being called upon to answer a charge ot grossly unprofessional conduct, and Power himself being committed to jail for contempt of court; much information was disclosed as to the parties bPhind the suit. The delayed coronation of King Edward VU. took place Aug. 9. On the application of J.P. Morgan & Co., August, Belmont & Co .. the National City Bank and Barini;, Magoun & Co., the New York 8tock Exchange listed 2,310,000, 00 roubles of 4 p. c. rentes :of the Imperial Russian Government. There was nothing, however, to indicate any extensive holdings in this country. The presidents of the Northern Pacific, the Great Northern and the Oregon Railroad & Nav-igation Co. had a conference with the farmers of Eastern Washington, the outcome of which was a 10 p. o. reduction in rates on wheat shipments to Pacific Coast terminals, and also on shipmPnts east-bound to Minneapolis, Duluth and-Chicago; later, Mr. Hill also announced a 10 p. c. reduction in grain rates in the Dakotas and Minnesota. Considerable discussion was aroused by the action of the Cuban Senate in authorizing a loan for $35,000,000 (the bill -passed the other Cuban House in September), it being claimed that this loan would be in contravention of the terms imposed by the U. 8. Congress in defining the relations between the United States and Cuba. The Board of Tax: Commissioners of New York City announced that it was the intention hereafter to assess real estate in the city at its estimated full value, instead of the prevailing two-thirds rate. Another volcanic eruption occurred on Mont Pelee. Island of Martinique, Aug. 30, resulting in the loss of over 1,000 more lives. The British Post Office announced that, beginning Sept. 1, it would accept parcels for transmission to the United ~tates, it having made arrangements with the American Express Co. for the delivery of the parcels in this country; various attempts had previously bee n made to conclude a p1.rcels post arrangement with the United States Government, but without success. Railroad Events and Stock Exchange Matte1·a.-Growing anim .. tion was manifested on the Stock Exchange. despite the continuance of the coal strike and the increasing firmness of the money m -4 rket. Stock trans -w tions r t- ached 14,314,627 8hares, and prices sharply advanced. Balt. & Ohio common mo , ed up from 108¾ to 115:4 , Ca l} adian Pacific fro:qi 135¾ to 143, Atchison common fro 1.a 91 to 95¾ , Illinois Central from 164 to 173½, Louisville & NashvilJe from 144 to 159½, Pennsylvania from 158½ to 163¼ , G reat Northern from 191 to 198, Western Union Tel. from 87¼ to 97½, the high pomts being reached towards the close of the month; the advance, however, not being fully maintained in all cases. Low-priced shares were unusually conspicoous in thP speculation, Duluth South Shore & Atlantic common rising from 17 to 24, "Soo" common from 6·~½ to 79½, Norfolk & Western common from 64:¼ to 73¾, Reading common from 66% to 70½, S outhern Pacific from 6',1/s to 77½. Toledo St. Louis & Western common from 21½ tv 32½, &o. Another feature was the express stocks on rumors of plans for community of interest management; American Express leaped from 234:½ to 265, United Sta 1es from 122 to -160, Wells, Fargo & Co. from 215 to 255 and Adams Express from 205 to 220. In Col. Fuel & Iron sensational :fluctuations oc• curred, due to the contest for control between the Osgood man11 gemeot and the John W. Gatas party; the stock dropped from 93 to 73¾, closing at 82½. The Central of Georgia divid.. , nd (annual) on the 1st preference incomes was lowered from 5 to 3 p. c. Colorado & Southern Rwy. semi-annual payment on 1st preferred stock .was raised from 1½ to 2 p. c. Action on the dividend on Southern Rail way pref. was deferred, so as to allow shareholders to determine whether the voting trust should be continued. The semi-annual dividend on Reading 1st pref erred was reduced from 2 p.c. to 1 p.c., continuing the voting trul'l t in tha · case, which would have expired on another payment at thP- old figure. Persistent rumors that President Schwabof the United ~tatesS teel Cor , oration was to resign on account of 111 health were denied by Mr. Schwab himself be fore his dµparture for Europe. The Chic. Gt. Western made special five-year contracts.with the packing companies at low rates. RETROSPECT. l'he Money M,irk~t. -Money became increasingly dea.r in August. Loans ran up from $913.294,500 July 26 to $929,148,000 Aug. 16, with an increase in deposits from $952,097,200 to $96 -),246,000, while money holdings dropped from . 253,526 ,700 to $247,188,100 between same dates. Rurplus reserves were thus pulled down from $15,502,400 July 26 to -$7,126,600 Aug. 16. Vigorous contraction of loans was then enforced and by Aug. 30 the amount had been reduced from $929,148,000 to 910,040,000 , while deposits fell from $960,246,000 to $935.998,500. Accordingly surplus reserves were raised from $7,126.600 Aug. 16 to $9,742.775 Aug. 30,notwith·standing money holdings further declined from $247,188,100 to $243,742,400, owing to Treasury withdrawals and shipments to the interior. Ca11 loans at the Exchange touched 6 Aug. 15 (when 45 p. c.of the 31 millions Oregon Short Line oonds fell due)and were4@5½ Aug. 29-the Stock Exchange being closed Saturday Aug. 30. Time loans were hi1?her all around, namely 5 for sixty to ninety days and 5~5½ for four to six months. Rates for paper were 5 for double names and 5@5½ for prime and 5½@6 for good single names. . Fnrei9n E..cchange, Silver. &c.-Sterling exchange sharply declined, c losing Aug. 30 at the lowest figures. A shipment of $519,445 gold to Germany on the 'ith, to meet an urgent demand for the metal at Vienna, brought the gold ou fl,,w to an end. A million rlollars gold went to South America on special order The first impelling cause of the decline in ,exchange was the arlvance in money at this centre, this leading to liberal offerings of loan bills. Sales of drafts against future shipments of cotton were also noted. At one time offerings of bills against foreign subscriptions for the 31,000,000 Oregon Short Line bonds of the Union Pacific were likewh,e in evidence. Rates closi>d Aug. 30 (the 31st being Sunday) at 4 8375@4 84 for long, 4 8650@4 8675 for sight and 4 e690@4 8710 for cable transfers. Except at Paris, where the quotation Aug. 30 was l¾@l ½ . the tendency of open market discount rates in Europe was upward. At London lhe figure Aug. 30 was 2¾·a 2½ and at Berlin and Frankfort l¾tal ½, Silver in London ranged between 241/sd, and 24 7-16d., closing 24 3-16d. SEPTEMBER -CurrP.nt Events - Monetary stringency made mcessary active relief measures hy the Treasury. 'The Secretary wa-1 driven from one expedient to another in bis -efforts to get back into the banks .s ome of the m?ney which Governmet t operations were taking from them. Ca~h in l:,ub-Treasuries Sept. 1 was $317,734,602, against $290,738 811 on Feb. 1, "'hen Mr. Shaw assumed office-this, notwithstanding Ooveroment deposits in the bank& between the same datfs bad been raised from ~112,578,621 to $125,382,170. Tbe banks now beiog obliged to meet the autumn demand for currency to move the crops - which crops had proved ex ceptionally abundant-the sitaation became very urgent. On the 13th the Secretary sent out notices to such national banks throughout the country a s he found held •'free" bonds-that is, rot pledged as security for public deposits or bank circulation-that if they would forward their bonds to the Treasu¼·er in sums of $50,000 he would designate them temporary public depositaries and place Government deposits with them to the par of the bonds. It was estimated at the time that this would release $4,000,000 of Treasury -caeh. He also decided to anticipate the October interest on Government bonds, amounting to about $4,500,000. But these measures provPd inadequate. On tlept. 20 the N. Y. Clearin~ Bouse banks showed a deficiency ($1,642.0n0) in Teserve for the first time since Nov., 1899. Sept. 25 the ,..,eci°etary jgsued a circular offering to pre·pay, beginnin~ Oc . 1, the interest maturing on Government bonds after Oct. 1 up to and including July 1, 1903. at a rebate of two-tenths of one p. c. per mo th th., offer to remain open until N v. ~0, :1902. Sept. 26 notice was Riven that he would purchase on or before Oct 15 at 105 flat U. S. 5 p. c. bonds of 1904-of which, however, only $t9,410,350 were outstanding Sept. 1. The price failed to attract any bonds in September and only $25,300 the next month. The Clearing Rous" banks mai:le a greatly improved showing ~ept. 27, reporting 83,236,625 surplus reserve, but Monday, Sept. 29, call money a ovanced to '35 p. c , and prices on the Stock Exchange utterly collapsed. It was then that more comprehensive measures of relief were determined upon. After the close of business that ,day the Secretary announced that he would allow tbe sub·stitution of bonds other than U. S. bonds for part of the 2 per cents held as security for Goverament deposits, taking ·the same general class of municipal bonds as those permissible as investments for savings banks in the several States, ,e ach case to be considered by itself. The New York Savings Bank law was later adopted as the standard, and next month (Oct. 23) the Treasury committee in charge decided to accept the uncontested bonds of any city of any State the ,debt of which (exclusive of water debts and smking funds) was less than 7 p. c. of tbe city's assessed valuation. The ~ubstitution was to be permitted only on condition that the U. S. hoods thus released should be made the basis of new bank note circulation. It was also announced that, banks would no longer be required to carry any cash reserve agarnst Government deposits secured by U.S. bonds. amounting then to about 130 million dollars, of which 40 millions at New York. The efforts to increase the dt>posi ts in the ban ks were measurably successful, the total Oct. 1 being $133,932,197, against 125,382,170 Sept. 1, but this did not prevent a.further accumulation of cash in Sub-Treas- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 uries, which was reported $324,718,483 Oct. 1 against $317,7:-34,602 Sept. 1. The report of the Agricultural Bureau at Washington confirmed the expectations of a. very large yield of corn and oats, but made a lugubrious showmg as to cotton -this latter, however, not being credited. An active speculation was carried on in the staplfi, but the spot price ol middling uplands in New York Sept. 30 was 8½ cents, against 91/s cents ~ept. 4. Print cloths remained unchanged at 3 cents for regular sizes but wide makes occasionally ruled higher. A sq oeeze in ~eptember contni.cls carried the price of wheat at Ubicago to 95 cents ::-ept. 30, the price of the October option being only about 69 cents. On frost scares and reports of wet weather, cas11 corn in New York sold above 71 cents, but the close was at 68 cents. President Roosevelt met with an accident on tbe 3d at Pittsfield, Mass., where a trolley car collided with his carriage. killing a secret service agent who had accompanied him on his travelm~ tonr. At first no ill effects were felt and he resumed bis journey, making 1-peeches on the "trust" question, but after an address at Indianapolis on the 23d the t>Udden announcement came that an operation for an abscess on the leg had become necessary and that the rest or his trip through the West would be abandoned. A second operation bad to be performed Sunday, Rept. 28. Neither was regarded as serious. The anthracite coal strike continued. ::--enators Quay and Penrose of Pennsylvania came to this city and ~reat political pressure was brought to bear upon the operators, but without result ; acts of violence multiplied and more troops had to be ca1led out. In the bituminous coal miners' strike in West Virginia a settlement was reached with the comparatively few men still out along the Norfolk & Western; otherwise there was no break. There was continued liquidation in English consols by those who had bought in expectation of a sharp rise (which failed te come) after the close of the ~outh African war; the price Hept. 30 was only 93 3-16x: against 94 3-16 Aug. 30. Seer tary of State Hay sent a note to the signatory Powers of the Treaty of Berlin of 1878 with reference to the treatment of the Jews in Roumania which attracted a great deal of ::i.tt ntion. Tbe Inte ·national Court of Arbitration at the Hague on the 15th held its tirst sitting. hearmg the claim of the United :-,tates against Mexico growing out of the Pious li'und of California; the Court the next month rendered a decis10n in favor of the United States in the sum of 81.420,682 in Mexican currency (being $43,051 per anou 11 from Feb. 2, 1869, to Feb. 2. 1902) and $-!3,061 yearly forever thereafter. Forest fires, said to be the most appalling ever known, devastated whole sections in the Northwest of Oregon and the ::5outhwest of the State of ·washington, finally extending all the way to British Columbia; dense v lumes of smoke envtloped wide areas in darkness, many liv, s were lost and millions of feet of timber deistroyed. Quite a sensation was occasioned in political circles by tbe action of David B. f:lenderson, Speaker of the House of Repr,..sentatives of the U. S. Congress, m declining to accept a renomination for Congress, because he felt he did not represent the views of his constituents, who seemed to be largely in favor of tariff revision. R i1lroa11, Event,<1. a ri d 8tDck Exchar,gP. Matters.-The high money rates and calling of loans by the banks induced extensive liquidation in the stock market, which was weak a 'most tbe whole of the last half of the month. On the 29th, on the advance in call money to 35 p. c ., and the news of a second operation the day before on President Roosevelt's leg, together with a heavy fall in Louisville & Nashville, occasioned by fears that minority holders of the stock would not be included in the provisions for the majority stock, the downward movement reached its climax in the most severe break in prices experienced since the May panic of 1001, and the situation was exceedingly grave. Fortunately the turtber relief measures proposed by the Eecretarv of the Treasury and announced in the papers the next morning had the effect of restoring confidence, so the tone of the market Sept. 30 was completely changed, resulting in an upward reaction almost as pronounced as the previous day's drop. The continuance of the anthracite coal miners' strike had its influeace in intensifying depression the latter part of the month, though previously having been almost ignored. The sales aggregated 20,\J72,253 shares. Milwaukee & St. Paul common, which had been exceptionally strong up to the 20th, when it sold at 198¾, dropped to 183½ on the 29th. Generally high prices were from the 3d to the 10th; the lowest on the 29th. Louisville & Nashville declined from 1561/s to 187¼, Illinois Central from 173½ to 147 (the latter ex rights worth about 11 J, Reading common from 78½ to 64, Missouri Pacific from 125½ to 1111/s, New York Central from 1671/s to 155, Pennsylvania from 170 to 159, etc., etc. The recovery ~ept. 30 amounted to several points. An announcement wa'J made that a majority of Southern Rail way stock had a~8ented to an extension of the voting trust; the deferred dividend on the pref. shares was declared early the next month. The Court of Errors and Appeals m New Jersey decided in favor of the United ' tates Steel Corporation in the Berger suit to 10strain the conversion of $200,ono,ooo preferred tock into bonds. Concessions in favor of New York were secu ed from the railroads on cotton shipments from the south destin d for New England and for export; in Nov. the Morgan and Ma1lory lines also allowed re-shipping privileges. The • hie.Mil. & ::--t, Paul increased tho semi-annual dividend on its common stock from 3 to 3½ p. c. and paid ½ p. c. extra to make 7 for the year. The Bait. & Ohio announced an increase of $25,0 22 RETROSPECT. 000,000 common stock, and offered the same, together with $17,500,000 treasury stock, to the shareholders at par. Canadian Pacific listed $19,500,uOO additional stock. The Money Mar11et.- Severe stringency developed. The successive steps taken by the Secretary of the Treasury with the view to relieving the banks from the Treasury drain are detailed above. Except for the sentimental effect produced by the last series of moves, announced in the morning papers Sept. 30, which caused a sharp downward turn in rates on that day, the situation remained wholly unrelieved, the Government holding seven millions more cash Oct. 1 than Sept. 1. T.be banks were obliged rigidly to curtail accommodations to borrowers, and their loans ~ept. 27 were only $874,181,800, agRinst $910,040,000 Aug. 30. Deposits decreased from $935,988,500 to $876,519,100. Money holdings fell from $243,742,400 Aug. 30 to $220,575,700 Sept. 20, and the banks then were $1,642!050 below the required reserve. The next Saturday (Sept. 27) money holdings recovered to $222,366,40.:> and the banks again reported a surplus- $3,236,625. On call at the Stock Exchange H), 15 and even 20 and 25 p. c. was paid for money as the month advanced; the average was 6 the first week, 8 the second, 10 the third and 16 the week ending Sept. 26. On Monday, the 29th, notwithstanding the better bank statement, as high as 35 p. c. had to be paid. On Sept. 30, with confidence revived by the new plans of relief proposed bv the Secretary of the Treasury, the maximum was 18, with some loans at 3-an d the close at 4. Time loans were hard to get the latter part of the month, and generally a commission of from onequarter of 1 p. c. to 1 p. c. bad to be paid in addition to the rate of 6 p. c. Commercial paper was practically unsalable. Foreign Exchange, Silver, Etc.-Foreign exchange was under the influence of the monetary tension the first half of September, and rates dropped; about the middle of the ..o.onth engagements of gold for import from Europe were announced after a movement of the metal had previously been started from Australia for San Francisco. Only about $4250,000, however, was taken in Europe, including $2,50(),000 ef t;outh African gold in transit to London, which the National City Bank had intercepted. It was estimated that about 8½ millions altogether was afloat for the United States from Australia and Europe; of this only $2,850,000 arrived during the month. The price of gold bars in London was advanced, and open market discounts rose sharply at all the European centree, being Sept. 30 3½@3.% at London (the Bank of England minimum remaining- at 13), 2¾ at Berlin and Frankfort and 21/s at Paris. The lowest figures for sight bills and cable transfers were reached Sept. 15, namely 4 8525@4 8550 and 4 86@4 8615. Sixty-day bills were lowest ~ept. 25. 4 8jl0@4 8225. t--ept. 3Q rates were 4 8256@ 4 8265, 4 8565la4 8575 and 4 8625@4 8640 for the three classes of bills. Silver in London weakened, decliningfrom243-16d. Aug. 30 to 23 9-16d. Eept. 30. OCTOBER.-Current Evenfs.-An agreement was reached with the striking anthracite miners, closing this great labor struggle, which had lasted since May 12. The early part of the month, owing to the great increase of violence at the mines, the Governor of Pennsylvania found it necessary to add to the troops at the mines by calling out the whole of the State militia-10,000 men. At this time the outlook appeared decidedly gloomy. President Roosevelt had called the railroa<l presidents and the mine-workers' representatives to Washmgton in an effort to effect a settlement, and had faiied. He had then urged President Mitchell to secure the immediate return of the men to work, in cons derat1on for which the President was to appoint a committee of investigation and to use his influence to get Congress to enforce its .recommendations. This appeal, too, had proven abortive. Coal sold at $25 a ton at retail, very little being obtainable even at that figure. But on Monday Oct. 13, late at night, Mr. J. P. Morgan journeyed to Washington, and on behalf of the coal companies laid a statement before President Rooeevelt signifying the willingness of the companies to submit the questions at issue to the determination of a commission of five men, each of the five to possess certain d1stmct and specifically named qualifications. This proposition. somewhat modified at the hands of the President, was later accepted by President Mitchell of the United Mine Workers, subject to the approval of a convention of the mine workers which he called for Monday Oct. 20 at Wilkesbarre, Ba. The convention lasted two days and by a unanimous vote gave adhesion to the scheme. Mining was resumed Thursday morning Oct. 23, The Commission named consisted of George Gray, as a Judge of the United States Court; E.W. Parker, as an expert mining engineer; Thomas H. Watkins, as a man practically acquainted with the mining and selling of coal: Brig.-Gen. John M. Wilson, United States Army, as an officer of the Engineer Corps of the U. S.; and E. E. Clark, Grand Chief of the Order of Railway Conductors, as a sociologist, the President stretching the meaning of the term "sociologist" so as to make room for a reprt>sentative of labor. The President likewise added two other members-Bishop John L. Spalding of Peoria, Ill., and Carroll D. Wright, U. S. Commi83iener ot Labor. In West Virginia several thousand bituminous miners in the Kanawha district, on strike since June 7, returned to work on Oct. 6 on terms proposed by the operators soon after the strike had begun and then rejected, namely a 9-hour day, pay every two weeks and the right of miners to organize. Ta enable American manufacturers to secure certain large https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis orders for tin plates formerly placed with WeJsh manufacturers, the Amalgamated Assooiation of Iron, Steel & Tin Workers, after months of controversy, finally agreed to a reduction in wages of tin workers on such orders. An incident early in the month growing out of the anthracite strike was a strike at tbe mines of the Tenn. Coal & Iron Co. in Alabama because the company refused to collect. assessments made for the anthracite strikers from those miners who opposed paying the same. Labor difficulties-. developed in E1:1.rope. too. ln France the National Committee of the French Miners' Federation (estimated to comprise 60,000 out of 162,000 French minerst declared a general ~trike; riots resulted. In Belgium the miners made a demand for 15 p. c. advance in wages. In this country several street car strikes, particularly one at New Orl@ans and another on the Hudson Valley electric road in this State, developed serious features. The Secretary of the Treasury,. in order to reduce his money holdings, was finally obliged to buy bonds on an extensive scale. On the 13th, while in New York, he opened negotiations with a syndicate o~ b3,nkers c•mposed of the National City Bank, Farson, Leach & Co., Harvey Fisk & Sons, Fisk & Robinson and Vermilya& Co. ior the sale to the Treasury of a large block of 4 per cents of 1925. On the 17th a circular was issuelll announcing that t}Ie Treasury Department would purchase these bonds at. 137¾ and interest to date of purchase; $8,253,400 face vakJ.& was immediately turned in at the Sub-Treasury here on that day, involving the disbursement of $11,293,789, all but. $26,000 of which was paid over the counter of the SubTreasury, having an immediate effect in easin!? the money market. At this and other Sub-Treasuries tbe Secretary purchased altogether during the month $15,675,250 4s, paying therefor $21,695,311. On the 18th be also ordered the prepayment (without rebate) of the interest due Nov. 1 on the public debt, amounting to about $2,160,000. He likewise increased Government deposits in the banks from $133,932,197 to $146,885,013. In these ways he reduced his money holdings from $324,718,483 Oct. 1 to $294,466,478 Nov. 1. Through U. S. bonds relieved by the substitution of municipal bonds for Government bonds held as security for U.S. deposits,. national bank circulation was heavily increased, the net addition to the amount of hank notes afloat on bonds havlng been $11,940,045. There were also considerabl-i arrivals of gold from Australia and the Yukon From the monthly Government figures it appears that the aggregate or money of all kinds in circulation was added to no less ttan $60,425,341 during the month. There was a revival of demaod for print cloths, but the price remained at 3 cents, at which figure Mr. M. C. D. Borden purchased 250,000 pieces. The upper house of the Danish Rigsdag (the Landsthing) by a tie voteon Oct. 22 refused to ratify the treaty for the sale of theDanish West Indies to the United States; the treaty had been re-submitted to the new Parliament, as the previous Parliament had insisted upon a plebiscite of the inhabitants of the island on the matter. The coffee zone of GuatPmala was devastated by the rnlcanic eruption of Santa Maria. The corner stone of the new Custom House building in this city, at Bowling Green, was laid Oct. 7 with suitable ceremonies. The International Mercantile Marine Co. Mr. J.P. Morgan's shipping combination-was organized Oct. 1. Railroao .Events and ()tock Excha1,ge Matttrs.-The stock market did not regain tone. It was very weak the fore part of the month, the low point as a rule being reached on Oct. 13, on the evening ()f which day Mr. J.P. Morgan went to Washington on behalf of the coal companies. The coal settlement and the easing of the money markPt then caused a sharp upward turn, but this was soon succeeded by a dwindling in the volume of business and a steady sagging of prices, with renewed breaks in certain stocks. '! here was a recrudescence of labor troubles throughout. the country, and there were also fears lest the outcome of the miners' strikemight lead to new demands upon the part of labor in other industries. The high rates for foreign exchange were likewise a disturbing: influence, and there was a disposition, too. to await the result of the November elections, which involved the election of a House of Representatives for the next Congress. Sales on the Exchange aggregated 16,361,12~ shares, but dealings at the close were small. Milwaukee & St. l'aul common sold down from 196½ Oct. 3 to 180¼ Oct. 13, closing Oct. 31 at 189¾, Canadian Pacific sold at 139½0ct. 1, 129½ Oct. 13 and 1361/s Oct 31; Del. Lack. & West. 275 Oct. 1,255 Oct. 13, 258 Oct. 31; Reading common 73½ Oct. 1, 65 Oct. 31; New York Central 159 Oct. 2. 149¾' Oct. 13, 156 Oct. 31; Norfolk & Western common 80¾ Oct. 17, 691/s Oct. 13. 74¼ Oct. 31, etc., etc. The compl@tion of arrangements for the purchase of the Lomsville & Nashville by the Atlantic Coast Line RR. led to the filing of a sort of an omnibus bill of complaint with the Inter-State Commerce Commission by the Kentucky Railroad Commission directed against practically all the railroads in theSouth. The Peter Power suit against the Nvrthern Pacifio Ry. was dismissed Oct. 1 in the U. S. District Court at St. Paul. Milwaukee & St. Paul shareholders authorized 25 millions new common~stock, but nothing transpired as to when stock was to be put out. Union Pacific made a traffio • agreement with the Milwaukee & St. Paul, giving the latter the same facilities over the Ur ion Pacific and Central Pacifio to the Pacific Coast as enjoyed by any other company. On a technical point a temporary injunction was granted against the United States :steel Corporation in the Hodge suit to prevent the conversion of $200,000,000 pref. stock into RETROSPECT. 23 bonds-see V. 75, p. 984. The Atlantic Coast Line RR. ar- on the part of many other companies, and by the end of the ranged to issue $15,000,000 additional common stock and year higher wages had become a pretty general condition. $35,000,000 collateral trust bonds, to pay for its purchase of Certain classes of employes had of course previously re$30,600,000 Louisville & Nashville stock; actual payment for ceived substantial advances. As an outgrowth of this movesaid stock was to be $10,000.000 cash, $5,000,000 stock and ment, the railroads undertook to raise freight rates in per$35,000,000 bonds The Pacirlc Coast Co. increased its divi- tain directions; a few advances went into immediate effect dend on common and second pref. stock from 4 to 5 p. c. per (though some of these were simply the advances usual at .annum. Stockholders of the Western Maryland RR.-the the close of navigation), and others were counted upon with line which is to be the basis for an outlet to the St-aboard the beginning of the new year. l 'he Anthracite Strtke Comfor the Wabash and other Gould lines-authorized an in- mission continued its hearings. At one time it appeared crease in common s ock from $685,400 to $60,000,000, an issue possible that the miners and the companies would reach a of $50,000,000 1st mort. bonds and also $10,000,000 gen. mort. settlement outside the action of the Commission, but the individual operators took a pronounced stand bonds. The MonPy Market -Until the purchase of bonds by the against any such movement (which the Commission itself Government, money rates ruled high Large payments seemed anxious to encourage) and the proposition was finally had to be arranged for in connection with the shipping deal dropped. The general strike of the coal miners in France, .and the Louisville & Nashville purchase. On call at declared Oct 9 practically came to an end Nov.13; arbitrators the Exchange as high as 18 p c. was paid for · decided against hig&er wages. The National Tube Co. (United loans, while on time a commission of from ¼ - of 1 to 1 States Steel Corporation) made a reduction of 10p.c. in merp. c. had to be paid in addition to the regular rate of 6. chant pipe. A combination, or "cartel," of the iron and steel "The last week considerable money loaned on call at 3½ to industries in Austro-Hungarywas formed (comprising eigh4½, though on Oct. 31, owing to preparations for the 1st of No- teen members in Austria and five in Hangary), to last until vember settlements, the range was 5 to 7. Time loans Oct. !31 June 13, 1912. The arrangement provides that each establishwere 6 for all periods from 60 days to six months. Commercial ment shall be worked separately, but that a. central board paper, which previously it had been difficult to sell, was shall regulate output and fix prices. Friederich Alfred then quoted at 5½@6 for double names, and 5½@6 for prime Krupp, the great German iron founder and gun manufacand 6½@7 for good single names We have narrated above turer, died. An event of the month in labor circles was the the influences that contributed to swell the money holdings action of the Trades' Assembly of Schenectady, N. Y., in de:.a nd surplus of the banks. From $219,612,500 Oct. 11 money clarmg a boycott against the Schenectady Rail way, and ,holdings increased to$244,786,900 Nov. 1; surplus reserves rose warning every union man, every business man and the from $1,527,350 Oct. 11 to $2l,i<39.100 Nov. 1, Government de- general public against patronizing the road (on penalty of posits being included in the calculation the same as before. being themselves boycotted), and against the use of gas and Loans were at their lowest Oct. 18 at $865,450.800, and were up electric light-both of which are manufactured and con• .again to $878.509,700 Nov. 1. Deposits· between the same trolled by the Railway Co. This Trades Assembly was composed of the local labor unions, one of which (the Painter's and ·two dates rose from $f63, 125,800 to $893,791,200. Fo-retpn Exeh 11.r1ge, tJi,ver, &c. - On Oct. 2 the Bank of Decorators' Union) had expelled William Potter because he England raised its rate from 3 p. c. to 4 p. c., and on Oct. 4 was a militiaman in the National Guard, and had also the Bank of Germany made asimilar advance. In the three secured his discharge by his employer. The boycott was weeks endmg Oct, 16 the Bank of England lost £3,233,3H$ dufl to the refusal of the company to compel its motormen bullion. Foreign exchange rates here kept high most of the and conductors to join a union, and was one of the month, and there were constant fears of gold exports. No most determined tfforts ever made to enforce the beIt proved a complete failure, and go]d actually went out. With a good supply of commercial he&ts of unionism. bills most of the time, fractional declines in rates occurred the Trades' Assembly finally rescinded its acti-on • .-every now and then. As there was also, however, a pretty 'The Pennsylvania Railroad became so badly congested with constant demand for bills to remit in settlement of maturing freight at Pittsburgh that many establishments were loans and to iay for stocks sold in London on New York ac- obliged to close up for lack of the necessary materials and count,a quick recovery ensued after each decline. Prices Oct. supplies. President Casf:latt then gave the matter his per• 81 were close to the bighec,t of the month at 4 8340@4 8~50 for so1:1al attention, and on Sunday, Nov. 23, the blockade was -sixty days, 4 8675@4 8685 for sight and 4 8715@4 8725 for completely removed. It is estimated that in thirty-six -cable transfers. Open market discounts Oct. 31 were 3% at hours 50,000 cars were moved in and out of Pittsburgh, London, 3¾ at Berlin and Frankfort and 3 at Paris. Silver breaking all records. On account of the existence of the tn London made a new low record, dropping to 23¼d. Oct. 31. foot-and-mouth disease, the Federal Government ordered a quarantine against cattle, sheep, swine, etc., coming from NOVEMBER.-0urrent Event11.-Severe liquidation oc- Connecticut, Rhode Island, Massachusetts and Vermont, and --eurred on the Stock Exchange. The movement was favored also forbade live-stock shipments from Boston. A tnaty, by :financial interests and the banks and was looked upon as known as the Bond-Hay Treaty, was concluded (subject to -safeguarding the situation. In a speech Oct. 31 at a dinner ratification by the U. 8. Senate) between this country and -0f the ( 'hamber of Commerce in Wilmington, Del., Mr. F. A. Great Britain and Newfoundland, providing for reciprocity Vanderlip, formerly Assistant Secretary of the U. S. Treas- between the United States and Newfoundland, covering •ury and now one of the Vice-Presidents of the National City fish products and bait. Prof. Asser, the Dutch jurii;t, in Bank, sounded what he was pleased to call "a conservative the Arbitration Court at The Hague, d~livered awards in note of warning" and declared that "this was not a time favor of the United States in the matter of the claims of for the expansion of bank credits." At the annual conven- American sealers for the seizure of their vessels by the Rus-tion of the American Bankers' Association, held at New sian Government t.about ten years ago, The Chamber of Orleans on the 11th, 12th and 13th, a similar cautious atti- Commerce of this city celebrated the opening of its new ·tude was manifested, and Comptroller Ridgely cited home with appropriate cer<'monies. The Chamber the next -elaborate statistics to show that while there had been an month also adop ed important resolutions on the currency -enormous expansion in deposits during the last five years question. Railroad EvP,nts and Stock Exchanpe Matftrs. - Severe ,there had been no corresponding increase in the cash holdings of the banks during the same period, and that reserves declines in prices occurred the first half of the month. were low. Secretary 8haw, Nov. 7, issued a circular sus- There was much forced liquidation, the pools in certain pending the further acceptance of State and municipal stocks being compelled to unload some of their holdings. bonds as security for Government deposits in the banks. It At times the declines were so precipitous that the market is understood that about 21 millions llltogether of such bordered on panic. Borrowers found it by no means easy bonds had reen accepted. Government deposits increased to obtain accommodation from the banks, and foreign exfrom $146,885,013 November 1 to $148,91UH8 December 1. change rates ruled high, threatening a gold outflow. The The bond purchaEies aggregated only $~29,050, costing last half of the month some sharp recoveries ensued. An $1,149,045, but holdings of cash in Sub-Treasuries were advance in Manhattan "L'' from 132 Nov. 12 to 158 Nov. 24 not greatly augmentf'd, standing $294,773,944 December aided the upward movement. The announcement came •1 against $294.466,478 November 1. Government statistics that "L" stock was to be increased with the privilege to showed an addition to the money in circulation during the shareholders to take the new stock at par; furthermore, month of 16,598,166. Silver made another low record that the road was to be leased to the Interborough Rapid in the world's history, dropping to 21 11-16d. Nov• mber 27. Transit Co. on the basis of 6 p. c. dividends (and 1 p. c. The fall was hastened by intimations that the British Gov- more if earned) until Jan. 1, 1906, and thereafter at fixed 7 ernment contemplated tbe establishment of a gold basis in the p. c. The first reports had hinted of a much broader arStraits Settlements and in the neighboring Malay States. rangement-a possible guaranty by New York Central and There were also saggestions that Mexico would be obliged.be- even Pennsylvania, with the result that the last two stocks fore long to adopt the gold standard, while from Siam intel- enjoyed a considerable recovery, giving tone and strength to ligence came that that country had closed her mint to the the whole market. When it appeared that this expe'Ctation free coinage of silver for the first time in her history, and was not to be realized somewhat of a reaction again octhat the gold-standard plan had become a law. It was also curred. The fact that differences developed between the claimed that China, instead of being a buyn of silver as Gould people and the Hawley-Harriman interests regarding formerly, was now obliged to send silver to Europe, partly the call for proxies in connection with the election of the in conttection with the payment of the indemnity to the Col. Fuel & Iron Co. also had an unfavorable influence. As Powers and partly because the balance of .trade had turned indications of the course;of the market, Balt. & Ohio common against her. An event of great importance was the action ranged from 107.% Nov. 1 to 95½ Nov. 14, closing Nov . 29 at of the Pennsylvania RR. in announcing an increase, dating 98%; Mil. & St. Paul common ranged from 189¾' Nov. 1 to from November 1, in the wages of all employes permanently 169 Nov. 14, closing at 176.% Nov. 29. The sales for the in the service of the company earning less than $200 per month on the Stock Exchange aggregated 17,126,062 shares.. m.onth. The cost was estimated at a total of several million The Western Union Tele~raph obtained a temporary in-~llars per year. The step was followed by similar action junction restraining the Pennsylvania. Railroad from re- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24- RETROSPECT. moving its poles, wires, &c. Alfred Walter resigned as Preside nt of the Le.high Valley RR. and was succeeded the next month by E. B. Thomas, Chairman of the board of directors ot the Erie RR. Norfolk & Western increased its semi-annual dividend on common stock from 1 to 1½ p. c. Lehigh Coal & Navigation reducE-d 1its ~emi annual dividend. St. Louis interests dominant in ~t. Louis & San F::-;rncisco acquired the holding~ of the Cheney estate of Boston. The St. Louis & San Francisco i:icquired the ~t. Louis Memphi- & Southeastern and the St. Louis& Gulf and announced some new bond issues. Chic. & North West. caHed a meeting of shareholders for Feb. 10, 1903, to flutborize an increase in common t-tock from $41,448,366 to $77,601.045, with right to stockholders to take a portion of the new stock at par. The new securities of the •·Rock Island Co." were listed on the New York Stock Exchange. Control of Pere Marquette was acquired by a syndicate represented by the St. Louis U Ill on Trm t Co. , 2 he Mm,ty MaTk~l .- -while there was no renewal of stringency, the highest rate on call bein{a?; 7 p. c .. money rates were by no means easy, and some large payments bad to be provided for in connection with the new stock issues of the Illinois Crntral ,.aad the Balt. & Ohio. At the close the range for call loans was 4@6 p. c. On time a small commission was asked in addition to the legal iate for short loans. Commercial paper was 5½@5¾ for double names and 5½@6 for prime and 6@6½ for gocd f'!ingle names. Money holdings decreased from $244,786,900 Nov. 1 to $236,745,500 Nov. 29. Surplus reserves dropped from $21,339,100 Nov. 1 to $17,t-52,850 .Nov. 8, then recovered (owing to a contraction in deposits, diminishing the reserve requirement) t8 $19,529,975 Nov. 22, and were $15,786,1!00 Nov. 29. Loans were reduced from $878,509,700 Nov. 1 to $868,217,200 Nov. 22 and then rose to $8i9,826:000 Nov. 29, while deposits fell from $893,791,300 Nov. 1 to $875,706,100 Nov. 22, recovering to $883,886,800 Nov. 29. Fore1gn Exchange, Silver. &c.-Sterling e:xcbange ruled cJose to the gold-export point throughout the month. While rates fluctuated more or less (though within a narrow ranJ?e), the general tendency was upward. Nov.1st prices were 4 8340 @4 8350 for sixty-day bills, 4 8675@4 8685 for sight and 4 8115@4 8725 for cable transfers; at the close of the month the prices were, respectively, 4 8360@4 tta75, 4 8725@4 i-735 and 4 8770@ 4 8785 for the three classes of bills. Open market discount rates at the European centres worked higher and were 4 at London at the close (this being the Bank of England rate), at Pc1ris 3 and at Berlm and Frankfort 3½. We have referred above to the causes for the further decline in silver to the lowest point on record, namely 21 ll-16d.; the close was 2115-16d. DECEMBER.-Current Events.-Monetary tension caused renewed liquidation on the Stock Exchange. The depression was intensified by unexp~cted developments in South America. Great Britain and Germany bad determined upon united action to enforce certain claims.agaiast Venezuela, and had given the Castro Government very short notice to comply with the demands made. ·when the Venezuelan Government failed to come to terms, the warships of the two Powers which had been sent to the scene seized and destroyed such of Venezuela's poor wa":r vt,ssels as were within sight and then undertook to enforce a blockade of tbe ports of the Republic. The two Powers were later joined by Italy, and most of the other European Governments also announced claims of one kind or another. For a time the situation looked very serious, but both the British and the German Governments agreed to submit the matter to arbitration. It was their desire that President Roosevelt should be the arbitrator, but the President was reluctant to act in that capacity, and the Internatioaal Court of Arbitration at The Hague was finally accepted. ln the money market also relief came. On the 15th, shortly after noon, when call loans were 10 per cent and serious stringency seemed imminent, it was announcfd that J. P. Morgan, James btillman, President of the National City Bank, and George F. Baker, President of the First National Bank, had formed a pool to loan $50,000,000 should emergency arise making such action necessary. J. P . .Morgan & Co., as alf?O the First National Bank, the National City Bank, the National Bank of Commerce, the Hanover National, the We~tern National, the Chase National and the National Park each subscribed $5 .000,00n, the Corn Exchange subscribed $2,500,000, the Chemical and the Bank of New York each a million, and various other banks smaller amounts. The pool was not called upon to loim any money, as the rates did not rise high enough to require action. The amount of cash in Sub-Treasuries was again increased. standing t303,587,153 December 31, against 8294,773,1:144 December 1. Owing to the good harvests and an increase in the supplies of cattle and hogs, the prices of meats in the West were reduced, The Federal Government removecl the quarantine against cattle from Connecticut became of the foot-and-mouth disease, but New York State still maintained a quarantine. The Inter-State Commerce Commission began another investigation, this time with reference to the proposed increase in rates following the general advances in wages. Lockwood, Hurd & Co., who failed the previous .May during the Webb-Meyer troubles. proposed a settlement with their creditors on the basis of 70 cents on the dollar. The United States t,teel Corporation purchased the Union and Sharon https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis plar:. 18 of the Unicn ft eel Company, and agreed to guarantee a $45,000,000 bond issue; the corporation at the close of the year also promulgated a very comprehensive profitsharing plan for its employes. A pension system was inaugurated on the Union and t outhern Pacific roads. A committee of the Ubamber of < ommerce at Hong Kong decided unanimously that it would be impossible to, introduce a gold standard in Hong Kong while China adheres to silver. The State of .Amazona~ in Br:1zil arraneed to place its debt on a gold baEJis, and offered £750,000 bonds for sale in this country. The trans-Pacific cable between the United States and Hawaii was completed •. The House of Representatives at Wasbindon atlopted an amendment to one of the appropriation bills appropriating S:500,000 to be used in enforcing the Anti-Trust law of 1890 •. The Pennsylvania Railroad received its tunnel franchise and so did the New York & Jersey RR. The New York Central's new plans for depressi:rig its tracks in this city were approved, with some modifications, by a special committee or the Hoard of Estimate and Apportionment. Ex -Speaker Reed died on the 7th. A consolidation of the Western National Bai.k of this city and the National Bank of the United States was arranged, the capital of the consolidated institution to be 10 milhon dollars. Rmlroaa Events ann Stock Exchange Matters.-Renewed and very severe liquidation occurred, but by the end of the month a complete transformation was etfected and the close was posith·ely buoyant. The early decline reached noteworthy proportions, and on the 12th and 15th large numbers of stocks touched the lowest points of tbe year. The market was in a state of semi-panic. The uncertainties regardmir the future of money, the complicatioris threatened by the joint action of Great Britain and Germany against Venezuela, and the fact that many of the pools in different stocks seemed to be carrying burdensome loads, were the depressing influences. Anxiety regarding the monetary situation, however, was relieved by the action narrated above, the Venezuelan imbroglio eventuated satisfactorily, and the great brtak in prices brought no failures or disasters, indicating a very strong situation. A rise in prices then began, and reached such proportions that not only was the heavy decline of the early days recovered, but prices Dec. 31 were actually much better in most instances than at the openiag. Thus Milwaukee & St. Paul common sold down from 176 Dec. 1 to 166¾ Dec. 15, and touched 179¼ Dec. 31; Delaware & Hudson sold down from 161½ Dec. 1 to 153½ Dec. 12 and reached 174 Dec. 31 ; Southern Pacifio sold at 62.% Dec. 1, at 56 Dec. 12 and at 66¼ Dec. 31. There were rumors of a settlement of the differences in the copper tr;;de between the Heinze interests and the Amalgam-1ted Copper Co .. but these failed of confirmation. In the Colo.. rado Fuel & Iron contest a compromh-e board of directurs was agreed upon. An agreement was announcPd looking to the retirement of the $15,000,000 Hocking Valley preferred stock and the concentration of control (for purposes of sale) of the common stock. The Pennsylvania RR. put out another $10,000,0U0 issue of car trusts. The Consolidated Lake Superior Co. rescinded its action in declarjng a dividend; the American Grass Twine Co. al!-o reconsidered its action, and lowered the quarterly dividend from 1li to ¼p, c. . 1 he Money Market.-Monetary stringency was ave1ted by the formation of the $50,000,000 money pool. This safeguarded the situation. Prior to the 15th the highest rate on caJI was 12 p. c.; the news that 1his large fund might becalled into being acted immediately to lower rates. The last three days of the month call m ,,ney got up to 15 p. c., but no anxiety was caused by the rise, the preparations for the large 1st of January payments making temporary closeness inevitable, and 1t being current report that the $50,000,000 fund would come into play should the rate touch 2() per cent, a fig nre which was never reached. Time loans commanded tull 6 per cent at the closet and paper (doublename and prime single) was quoted at the same figure, with good single quoted at 6½, Money holdings diminished from $236,745,500 Nov. 29 to $22~,03i,600 Dec. 27, surplus reserves fell from $15.786,300 to $6,549,200 and loans were reduced from $879,826 000 to $875,321,500. Deposits dropped from $883 836,800 to $805,953,600. Foreign Exch,ir,ge, Sil~er, &c.-High-money rates brought a break in excbange rates after the 10th, and while $2,018,000 gold was shipped to the Argentine Republic the first two weeks, no gold went to Europe, and the decline the latteF part of the month rendered shipments out of the question. Quite liberal offerings of s ixty and ninety day bankers' bills, representing sterling loans, were noted, and some bankers' bills against purchases of securitieshere on European account, were also in evidence. An unusually wide difference between sight bills and cable transfers developed, and this was explained as being due to the fact that bankers having remittances to make before the end of the year preferred to employ their money here as long as possible, buying then cable.transfers instead of demand bills. Rates Dec. 31 were 4 8315@4 8325 for long,. 4 8650<a4 8660 for·short and 4 8745@4 8760 for cables. The Bank of England made no advance in its discount rate as feared; open market rates held pretty firm, being 3¾ at London Dec. 31, 3 at Paris and 3¼@3¼ at Berlin and Frankfort. bilver recovered somewhat and the price Dec. 31 was 22¼d, 25 LISTINGS ON :NEW YORK STOCK EXCHANGE. Company LISTINGS ON THE NEW YORK STOCK EXCHANGE DURING 1902. The combined liatinga of stocks and bonds on the New York Stock Exchange during the calendit.r year 1902 reach a total of 1,317 mUlions. This amount exceeds wlth one exception all previous records; it does so, moreover, after omitting the Russian Government securities, 1,155 millions, an exceptional item, which if included would render the yearly comparison misleading. The one year with a heavier record is 1901, when the 1,100 millions in share capital of the great S teel Corporation served to swell the annual aggregate to no less than 2,665 millions. The nmal ten-year table, showing separately the aggregate listings of shares and bonds and the several subdivisions into which they natural ·y fall is BS follows. T I~TINGR ON :NEW YORK IITOCK EXCRANGF. I1111,,ei,forn.,_1, capital, etc. Bondi!<, 190i ·-······--· $*197616;;13 1901. .......... 220,171,700 1900........... 147,678,597 1899 ..... ---- •. 156,304,760 1898 ------····· 245,219.480 1897 -----······ 87,720,502 1896........... 147,343,700 1895 ··--- ------ 166,~26,300 1894 ........... 184,785,00( 1893........... 139,272,000 ntd 1s:rues now listtid. $2,878,001 21,270,100 6,287,001 22,908,000 26,243,00() 15,713,500 7,626,000 15,5"'7,00! 32,23 ',601 42,178,000 Replacinq old stici,rities. Tntal. $333 , 124,9!-'i $•;,.i ,· 5L93l,0 t1Bl,51i8,300 9'2~ OL«',100 289,747,403 443,713,1 11 0 346.171,48( 520 3R4,24.0 4.28,602,20(· 700,064,6~0 253,981,900 3:'\'7 .415,902 427,317,00C 582 .2R6,700 75,162,100 257,275,400 92,782.00(1 309,804,f 00 107,353,4.i>O 28t!,B03,4oo Stock•. 1902, .......... $251,069,400 $11.462,3CO J521,500,895 i17R4,032,l'\95 1901- ••. ··---·. 4.29,537,450 76,090,600 118o,S85,66f 1642,013,71!'1 1900. ·--- ••.• -· 296,550,572 130,205,00(1 llH,179.428 620,935,l'OO 392,'752,32( 704,172,605 1899. ·-..... ••. 311,4 20,28f 1898 ----····--· 69,754,130 ~2.648,60(1 40!'1,7 Pi3,266 528. 153,996 24,369,oo<, 425,321l.s20 502.~74,rnt 1897 --- . . . . . . .. 58,27f).671 5(4,158,64:- 590,732,21f) 1896 ..... ···- .. 76,573,57~ S5,38f>,'lO< 30.R.0 6,27f• 143,373,9"0 1895 ----·- .. . .. 77 ,132,50( 4,800.i 00 209,776,':'ISO 2!H,193,003 1894 ---- -- . . . .. 36,fl16,253 fl5.tt27,100 198,245,261 1893 .. ~------· 93,744,161 48,874,t'OO a,ia title of toan- A.mount. Pu,rpose of issue. Chlo. St. P . .Minn. & Om. oon. 6a.. $91,000 .. Exoh. for old bonds. Cin. Leb. & Nor. let oon. guar. 4B. 900,000._Acqulsltlons, eto. Cleve. Oln. Chio.& St. L. gen. g.48. 1,016,000 .. Retire old bonds. Oleve. & Pitta. gen. gu. 319a, ser.D. 220,000 .. Impr'm't8 a.nd add'ns. Colorado & Southern lat gold 48.. 300,000._ Im1,'ta and extensions.. Denver & R G. let oon. gold 4B ... 3,400,000 .. Purobaee or equipm't. Detroit South. 1 Rt 110 yr. 4 e 011951 116,000 ! Improvements, equli,~ do cto Ohio dtv. 1st 4s.... 231,000 5 ment, ttc. Elgin Joliet & Eastern let g. 5s. .• 648,000 .. Imp'ta and a.cqnisit'ns.. E ie RR 11 Id 4 8 1 028 000 5 Purchase Suep. B. & E. r • gen. en go ·-······-, • ! Jot. bonds, eto. Gt. Nor.-Mont.Oent. lst gua.r.g.5s. 1,300,000 .. Const'n,tmp'ta & equip. do Mont. Ext. i;,;old 4a....... 2,278,000 .. Extenaiona and lmpts. Gulf & Ship Isl. lstret. &term. 5s. 2,734,000 •• Exoh. tor old bonds. do do do 197,000 .. New prop. and imp't1. Hooking Valley let oon. gold 419s. 1,000.ooo __ Imp'ts, equipment, etc. lnd. Ill, & Iowa let 4a or 1950.... 350.000 .. Improvemente. Intem. & Gt. Nor. 1st gold 611 .. . .. 1,624,000 i Extension of road do do 2d gold 5s .••••• 1,6L4,000 5 • i". 0. F't. S. & Mem. Ry. gua.r. "?_ 438,000 .. Exoh. tor old hond11. ret. 48_ . ··· -- ••••• ----- 5 267,000 .. lmpr'm'ta and equ.tp. Kan. Cit-y 8oothero 60-yr. a-old 3a . 3,803,000 Puroh.prop's,tmp'tseto. Lake Shore & Mlohtgan South. l 20 L,000 . . RetirA old bonds. ll O year 3¼a ................... 5 500,000.-Bold for oash. Long Island unified gold 4a.. ...... 209,000 .. Exch. for old bonde,etod(l do do 466,000 .. lmp'ta and aoqoieit'ns. Loutav. & Na.abv. unit. 50-yr.g. 4B. 882,000 .. Rettreold bda.andlmp• Mextoa.n Central coll. trust 4¼s i 10 000 000 5 Purob . .Mont. & Mex (lat aeries) ot 1907 ............ 5 ' • ~ Gulf, imp'ta, eto. .Mextoan Intern. ht oonaol. 48 .••• 2,3 l8,000_.Exten1,ions, imp'ta, eto. Mlohillan C,mt. 31.gs on Jackson i 1,600,000 .. E,coh for old bonds Lanein~ & l:!agioaw ............ 5 4.00,0UO .. Purohase of branches. Mlob. Central lat 50-year 3-½la .... 10,000,000 .. Retire old bonds. Mo. Kan. & Tex. lat M. ext. g. 5a, 880 000 5 Purch. Mo. K. & N, W. • ! and Ft. 8. I. & W. do do or Tex.lat gu. g. 5B. 312,000 .. Exteneion of road. do do St. L. div. ref. g. 4a. 1,334,000 .. Imorovements. do do do do 518,000 •. Ex. for M. K. &E. 2d5s. Mo. Pao -St. L. I.M. & s. g~n. oon. ~ 889 000 p A k M Ry tk etc and land grant 5s._ ............. 5 , ·· or. r · • .a •• Mo. Pao.-Bt. L . I. M. & S. on. t 782,000 .. Extenetona a.nd lmn'~ and ref. gold 48 .... •••.••••••••• 5 Mo. Pa.o -St. L. I. M. & 8. un. i 1 851 000 ) Purcb. aeo'a New 0. and ref. gold 4.s ................ 5 ' ' { !!l. West.. eto. Morrie & Es. lat ref. guar. g. 3~s. 1,100,000 .. Retire old bonds do do do 5,900,000 .. Improvements. National RR.o1.Mex.pr.11en:g.4lge.10,779,000 { E!n.~:r ~:~j.~~n~da. 0 do do do .••• 9,221,000 .. Soldtoroa.eb underpl'n. do do 1st oon. gold 4s.ll,404,687 .. Ex. for Mex.Nat.bonds. do do do 7,000,000.. do Mex. Int. seo'e. NOTE. -ApplioationR for the lletin~ or TruAt Company rf'<oeipte and of 11eouritieemarked ••assented" (if preparatory to reorganization), or of do do do 3,595,313 .. Soldforoa.eh underpl'n. eeouritiea stamped "assumed" or "a.Reeesment palrt"-the 111Aourit1t>a themselves ha. vin~ previously been lleted-arA not incl nil ed in thiR table N. Y . Cent.&> Hnd. Riv. gen. g. 3¼s. 2,265,000 •• Exch tor old bonds. 30,000 .. Erteneion of road. * Not inolurltng $1,155,000,000 Imperial Russian State 4 per cent Norfolk & Southern 1st 511......... Norfolk & West. let con. gold 4s .• 2,500,000 .. Imp'ta and extenslono certlfloa.tea of rente. do Pocahontas joint 4s.20,000,000 .. Pur.Poo.Coal & O.prop. En.mined separately, the listings of 1902 are note- Nor.doPao. pr. lien ry. & 1. g. gold 4s. 3,365,000 .. Construot'n,equip., eto. WJrthy for the large aggregate (a.bout 200 millions) Oregon RR. & Na.v. con. gold 48.. 742,000 .. Rettre prior bonds. do do do .••. 1,106,000 .. Imp•ta and equipment. of bonds and guaranteed stock trust certificates th~t Oreg. Short L. 4%& partio. bonds 31,000,000 Pur. North. Seour. stk. have been issued by leading railroad companies to Panama RR. 1st 20-year 4Igs ..••.. 1,000,000 ..·cons'n or La.Boca term. · provide for the acq uisitlon of a controlling interest in Pi>nn. Co. llUar. 319 veroent gold} 20 000 000 5 Pnroh. of Cambria. and loan of 190L. ................... ( ' ' ( Penn. Steel atooke. the stock of existing corporations, ·dz , railroads, coal Pitta.C Oh.&St. L. oon.319e(ser. E). 2,000,000 .. Retire pr. liens & imp's mines and steel plants. The trust certificates are Reading Co.-Jeraey Cen. ool. ~.ta .23,000,000_.Pur.maj.C.RR.ofNJ.st do do gen. 48 of 1997..... 235,000_.Exob. tor old bonds. genera.Hy classed as stocks, ba.t in their essential do do do do .••• 1,500,000 .. Improvements · s h t 5 6,000,000._lmp'ra, eqnlp't, eto. characteristics are more closely allied with collateral St. L ou1e out wee ern oon. 4 8·· ! 6,054,000 .. Ex. for 2a M. tnoomes .. trust bonds. Another feature is the free use of sbart s Sea.board Air Line 50 year gold 4.a.12,77~.000 .. Puroh. of prop's, etc. as well as hon.de for the purpose of making improvedo do ref. coll. tr. g. 511. 5,368,0C O { :.vb:~~=~ts. and R~~J-i~ ments and additions. Only one reorganjzition of modo do do 4,600,000._Conat'n, imp'ts, etc. ooo __ E.xoh. tor old bonds. ment is met with, namely tbe National Railroad of Bonthern Ry. lat oonsola. Ea .••. !S 1/ ll8 oo,ouo .. Extenslons & imp'ts. do St. L.dtv.lat ~O-yr. g.,a. 500,000 .• Addltione and imp'te. Mexico. On the other hand, there is no sign in the Term. RR. of St. L. 1st conaol. 511. 500,000 .. Constr'n a.nd lmp'ts. listings of a falline; off of new industrial combinations. Texas & Paoitlo let gold 5e._ •.•••• 133,000 .. Retire East. div. bonda 237,000 •. Conatructlon o! road. do Louis. dtv. let g. 511. The amonnt and the purporn of iesue of the various do loans listed in whole or in part in the course of the T~u~.'!~~~-~~-1~~-~~~---~-?~~~ I 2,478,000 __ Qld bonds just 11ste<1. road at foreyear appear in the following: T~u.~.'!:~h~~~-i~-~ _~ ~l: _-~- ?.~~~ 1 1 ' 492 •000 5~ Purchase olosure. LISTINGS OF RAILROAD BONDS, Company and title of loan.A. mount. Purpose of issuti. .A.toh. Top. & B. Feserialdeb.48 .. $30,000,000 .. Exten.,impts.& equipt. .A.tl. City 1st oon. ~rnar. 4a .......... 1,063,000 .. Ex. tor old bona a, etc. B. & 0.-P. L. E. & W. Va.. Pya. 4s .. 20,000,000 .. Exch. tor seo'a of ayat. Bn1falo Rooh. & Pltta. gen. 5a..... 20,000 .. Retire old bonds. Bur.Ced.Rap.& N. lstM &ool.tr.5s. 553,000 .. Conatruotion of road. Central RR . of N. J. gen. 5R _______ 1,167,000 .. Retire convert. 7s. Chesapeake & Ohio gen. gold 4"¼e. 2,000,000 . . Conatruot'n and imp't8. do do do •••• 3,022,000 .. Retlre old bonds. 4,600,000 .. Constr'ot'n, Pqntp., eto. Chlo. Burl, & Q.-Ill. div. 8 ½38. . . { 6 ,282 ,000 5Parch. aeour'e of roads ( aoqulrt d ..... . ....... . Ohio. II: East. Ill. gen. oon. & let 5a. 657,000 .. 0on struot'n and equip. Chica.go & N. W. gen. gold 3lgs____ 685,000 .. Exoh. for old bonds. Chto. R. I. & Pao. Raifroad 48 ~ 68 728 000 5 Exchan't'ed for C. R. I. of 220 2.. . . ... . . . ...... . ..... . 5 ' • ( & P. R11. stook. 5 A.rqui'n of Choe. O. & Chio. R. I. & Pao. ooll. tr. gold 4.e .. 23,552,0CO ! G. stock. do do do do gen. gold 4a ..•• 4,000,000 .. Const'.::i,imn'te & equip. 1st 6a otl917.. 400,000 .. 0ld bonds just listed. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Union Pacitto 1st RR. and 1. g. 4e •. Wabaeh RR. debentures. stir. B . .. do do do do ment Wheel. do lat :S ao! 1939.. .. .••• do Om. div. 1st g. 3¼!s. do Tol. & Chlo.div. g.4a. do 25-yr. ll!t lien equip- t stoking fund 5s ..•••••.••. S & Lake Erie 1st con. g. 4s. for Or. Sh. Line 444 ' 000 )S Exch. tno. A boade. f00,000._Additiona and imp'ts • 324,000 .. Refund old bonds . 3,500,000_.Pur. 0. & St. L., & imp. 3,000,000 .. Constr'n and equtp't, 3,000,000 .. Puroh. of equipment. 900,000._Termlnals and imp't& Total ..................... .... ,$4.34,612,000 Con spicuous in this tabie are the amalgama tion bonu s, as one may prope1ly call the securities through which distinct properties are brought into permanent alliance. One of these is an issue of some 68 millions of 4 per cent bonds given by the new Chicago Rock Island & Pacific Railroad Company as part con· sideration for a like amount of the 75 millions stock 26 LISTI.rTGS ON NK\Y YORK STOCK EXCHANGE. of the r~11w~y cullli-a. .iy. Another., or ia1,uou,0uv, includes the "four p"r cent and participating,, bonds •Of the Oregon S liort Line (Union P dciftc), secured by -stock of the Northern Securities Company. Five other amalgamation issues there are, ranging in amount from 20 to 26 millions. These and the properties for whose control they were created are as follows: B iltimore & Olito 4s for roads of the Pitts· burg L~ke Erle & West Virginia division (Pittsburg & Western RR., etc.); Rock Island 4s for Ohoctaw stock; Norfolk & Western joint 4:s for Pocahontas Coal & Coke Co. properties; Pennsylvania Company 3-½s for stocks of the Cambria and Pennsylvania steel companies and Reading Company 4s for Etock of. the Central N aw Jersey. Other notable ie. sue1 for sundry purposes are: Atchison Topeka & Santa Fc3, i30,000,000 debentures; National R11ilroad of Mexico (reorganized company), about 42 millions <>f 4s and 4-½a; W a.bash (five issues), 10 millions; Sea• board Air L\ne (two issues), 23 mUlions; Mexican Central, 10 millions; Burlington, 10-l millions; St. Louis Southwestern (for refunding, etc.), 12 millions. The listings of railroad shares and street railway shares and bonds are given in detail in the fol• lowing. LIRTINGS OP' RAILROAD STOCKS. Company and cl11111 of stockAllegheny & West.6 p.c. guar. etk. Amount. Purpose ofisaue. $150,000 .. Constructton of road. Pnrch. lleour'"' Tllaoed Baltimore & Ohio oommon .••.•••. 35,000,000 unlier P. L. E, W. Va. system mortgage. do do do •••••••. :W,633,'12 .. Equtpment. do do do .••.•••• 9,219,688 .. Conet'n,realestate,etc. do do prererred .••••• 136,800 . . Exoh. for prior eeonr'e. Beech Oreek common.............. 335,000 .. Extenstons and lmp'te. Bu.ff. Roch. & Pitts. common...... 1,000,000 . Ex. for convert. debs. Canadian Pao. ordinary stook •.••• 19,500,000 .. lm-pr'vem'ts and equip. Central RR. or N. ~. stock......... 14.5,000 .. Exo. tor oonv'le honds. Chlo. Bur. & Quincy stock......... 424,500 .. Exo. tor oonv:1e bonds. or etooke or 2 0,000 5 Ohl o. & E ae t • I l1· common.········ i Acqutetuon oompanles absorbed. Puroh. Mall. City & Ft.. 1 Ohio. Great Western common•.••• 8,560,000~ ~~~.!en~"f.1 Bo.and Win.& W.ltye do do 4% deb. stk .. S, 100,000 .. Capttal expend's. Ohio. Mllw. & St. Paul common ..• 2,362,100 .. Impts. and equipt. do do pref .••.•••.. 1,617,000 .. Exo. for oonv'le bonds. ( 9,116,000 .. Extensions, lmp'ts. etc. I ~ A.cqutre. B. Ced. R & Ohio. R. I. & Pao. Ry. stock ..... , 000 Nor and R. I. & P. 588 • • etocks and St L K. O. L & Col. securities. Denver & Rio Grande pref ......... 158,990 .. Exo. for R. G.W. stock. Detroit Southern common......... 4.87,000? Improvements, equipdo do -preferred....... 500.000 5 men ta, eto. do do common ......... 3,000,000 .. Por. Det. & Lima.Nor. Great Northern prer...... ........ .. 162,600 .. Ex.tor St. P.M.& M.etk. H kin v 11 f d 1 ooo 0 A.rqut1,1ltion eecur•~ of oo g a ey pre f'rTP •· ··•··• • ,O n Zt1.nesv. & W. Ry . 1Col. do do common . . • ..... •• 578.4.00 tja.nd. & Hook. RR .) Illinois Central stock ..•..••••••••. 15,840,000 .. Imvr'vem'ts and equip. Louievllle & N•shvute stock .•..••• 5,000,000 . . General purposes. I r LISTLNOB OF 8T.liKl!,T .liA.lLWA.Y STOCKS. Oompany and class of stock- .A.mount. Purpose of lssii(,. Phlladelphta Co. oom ..••..••..••. $10,657,600 i Exohan~ed for stooka do do pref .............. 1,74.6,250 5 or controlled ooe. Sold tor ca11h to puroh. d0 d 0 com············· 3 ,u.. 75 •0 OO 1 5 Rtooke of contra. cos. T 1 d R 11 & Lt ht c k 12 000 ~ Exollanged tor stooka oe o Y · g o. etoc ··••· • ,OO J ( or oomp'n'e absorbed. Twin City Rapid Transit com ...•. 1.501,000 . . A.ddittone and lmp't11. United Rss, Inv. Oo. or 8. F. oom .. 10,000,000 i &.cqu1@1tlon shares of do do do prer .. 10,000,000 5 constituent oo'e. Total .......................... . $54,479,Sf 0 LISTINGS OF STREET RAILWAY BONDS, Oompa,ny and title of toa.nA m•>unt. Purpose of ia•ue. Metrop. St. Rp. (N. Y.) 100 yr. { $11,000,000 .. Pe.y'tot unfunded debt. refunding 4ll ............ •••••. 5 1,780,000 .. H.e!undlng old bonds. Total................••...•...•. $12,780.000 Heading the large issues in this compilation la the 116 millions of stock of the new '' Rock Island Company.'' The Baltimore & Ohio also has listed 66 millions additional common she.res. 0 ther prominent additions to the stock list are: Canadian .Pacific, 19½ millions; Illinois Central, 151 millions; Ohicago Great Western, llf millions; New York Central, 17¼ millione; Natlonal R,ilroad of Mexico (all), 63 millions; Northern Central {entire ontsta'1dlng issue), 11½ millions; L'luisville & N aahville, t5,000,000, this last item being associated in 1 he public mind wiib the events attending the sudden change in control. The Philadelphia Company also has completed its control of the street railway and electric•lighttng business of Pittsburg, and has listed 16 millions of additional share capital; and the San Francisco and Toledo trolley lines together furnish 37 millions of stock. Our local Metropolitan Street Railway Company furthermore has listed 12! millions of its new blanket bond issue. The miscellaneous stocks and bonds admitted to dealings embrace the following. LISTINGS OF MISCELLA.NEOt;S STOCKS, Oompany and ctass of stock- Amount. Purpose ofiame. Allle•Chalmere preferred .••. : .••• $16, '250,000 i Acquisition of constit• do do common ............ 20,000,000 5 uent companies. Amer. Hide & Lea.ther preferred .. 12,M8,300 l Acquisition or constit• do do common •.. 11,274.,100 5 uent properties. Amer. Steel Foundries preterred.. 1~,M0,0OO i A.oquisttion or oonstltdo oo oommon .•. 15,000,000 ~ uent properties. Amer. Telep. & Teleg. stook ..•.••. 10,206,800 .. Extene., impte., eto. Associated Merch. let prd ••.••••• 6,000,000 .. Bold for oaeb. Central Coe.I & Ooke stock •••..••. 3,250,000 .• Pur. Kan. & T. Ooal Oo. Oolo. Fuel & Iron com............. 931,000 .. Exc. for conv'le bonds. Col. & Hook. Coal & Iron com..... 18,4.00 .. Exoh. tor pre!. stock. Corn Exchange Bank stock........ 600,000 .. Inorease of stock. Corn Products com .••••••••••.••• .4,,869,25~? Exch. tor etke.or oonst. do do pref ................ 27.362,750 5 cos.,& work'g capital. First Nat. Bank or New York ••••• 9,500,000 •. lnorease or etook. Fuller, George A,, oom ............. 10.000,000 SAoqutsltton of asPete of do do pref............ 2,lb0,ooo i G. A. Fuller Co.or Ill. do do pref .•••••.••••• 2,850,000 .. Bold for cash. Genera.I Chemical com .••..••.••••• 7,410,300 l Acquisition of proper• do do pref .•••.•••.•••. 7,810,000 5 ties. do do do ••••••.•.•••. 1,606,000 .. Sold tor cash. General Electric com.............. 311,700 .. Ex. tor pref.stk.& debe. Missouri Kan. & Tex. stock........ 846,000 { P!~dM;t.~~niot:. ~ ; : do do .••....•..••. 16,812,600 .. Div.o!ts62s%oncom.st. Missouri Pacitto sto1·k ............. 1,403,000 .. Cone truotion. Hackensack Water common....... 400,000 .. Improvements. N t RR 0 r M SEi:oh. for old securities Homel!ta.ke Mining .stock.......... 810,000 .. Addltlons a nd impts. 32 896 0 0 & • • e~. oom. · •• • • • ·•• • •• · • • o < under reaoj't plan. Irving Na.t. Bank stock........... . 500,000 .. Increase or stock. do do pret . ............. 20,663,600 . . E x . tor Mf'x. Nat. seoa. do do do ....•. . ••...•. 7,000,000 .. Ex. for Mex. Int. seo11. Montreal Lt. Heat & Power stk... 17,000,000 E!~~:ra1::ro~~~ree of do rto do .....•.......• 2 ,400,000 .. Sold for oa@h. Nat. Bank of N. America stock .••. 1,000,000 .. rnorea.se ot stock. N. Y. C. & H 11dson Riv. stook ..•.•. 17,250,000. JJomtruo'n & impte. Nat. Citlz. Bk. of N. Y. City sts:... ~50,000.. do do Northern Central etock .••....••••• 11,462,300 .. Oldsto okjustltsted. Nat. City Bank of N. Y. stock . . .•. 1 5,00 J ,0O0 .. Inorease of stock. Pennsylvania stock................ 978,950 .. E xo. for Pa.& N.W. stk. New Amster. Nat. Bank stock.... 250,000.. do do Pitts. Ft. W. &, Ch lo. gu. spec. stk. 1 ,418,200 .. lmpro vem ents. New York Nat. Excb. Bank stock. 200,000.. do do RR. Seo.-Ill. Cent. etk. int. certs. 8,000,000 .. Puro. Ill. Cent. stock. l:3eventh Nat. Bank stock .••...••.. 1,500,000.. do do Rook [eland Co. pref'"rred .••••.••. 48,109,~00 i Exch. f nr Cttio. R. I. & U. 8 . Realty & Conl!t'n oomm <m •. . ,n .l9.;i 000 i Purchas8 securities of do do common .••..••••. 68.728,60~ S Pao. R r1,ilway stock. do . do preferred. 27,011,100 5 controlled oo's. 17,200 i A.oquieltlon or secs. of Rutland preferred .•••••.••••••••••• 3,290,000 .. Fl'g debt, lmpts. & equ. U. s. Steel Corporation com....... do do pref....... 36,800 5 constituent cos. St. Law. & Alilrondaok com........ 315,000 .. Pa.yment of debent's. Total. •••••.••.•••..••..•••••.• $339,164.305 St. L. & Ban F.- blo. & E. Ill. < 4. o· 5 903) preferred stock tr. certs ..••.•. 5 • .> • JExoh. for Chlo. & East. LISTINGS OJI' MISCELLANEOUS BONDS. St. L. & Ban F.-Chlc. & E Ill. { 6 622 l00 Ill. stock. common stock tr. certs .••.•••. 5 ' ' Oompany and title of foanA mount. Purpose of issue. So. Ry.-M. & O. stook tr. certs .... 4,932,600 .. Exoh. tor M.& O. stock. Amer. 88. Co. ot W. Va. 1st g. 5s .. $5,452,000 .. Pnr. prop. & retire bds. U nion Paotflo' common · •• ••• · • · • •• 4 •696 ' 800 {5 Mostly eioban~ed for Am. Telep. & Teleg.ool.tr.4s of '29.13,000,000 { P~:i!t&¥:i~:~ ~ ~ s t. oon,ertio ie ~onde. 0 Ex. for Or. RR. & Nav. Colo. Fuel & Iron gen. 5s .••••••••• 1,942,000 .• Rettre ·old bonde. do do preferred........... 18,100 { pf. a.nit Or. Sh. Line do do oon. deb. g. 5s .. 18,000,000 .. Add1t'ne and tmpts. •· B" bond:1. Exoh. for Amer.& Con Conso 1• T 0 b • 0011• gold 48 · ·• ••· · ••• 8 4, •360 •3 OO 5 Wheel. & Lakfl Erle let pref .••••• , 847,500 <1 t i Tobacco com. 1tock do do 2d pref........ 423,800 5 mprovemen s. Contin. Coal let 50 •year gold 5s ... 2,150.000 .Property and tmp'ts. Total.. ........................ $390,388,340 Hackensack Water lat 50•yr. g. 4s. 3,000,000 .. Redeem old 5a. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis l 8~ w: t l I I CLEARINGS A D SPECULATION. Omnparty aud title uf luan - .d.mo·unt. Piirpose of issue. Imper Russian State '% certs. { $ 1155000000 S Retire old loans. pur• ? chase ra.Uroads, eto ot rente .•..•...••••.•••••.••••• 5 23,000 .. Ex. for underlying bds. Interna.tional Paper 1st oon. 68... Kan. &Hook O. & C.lst gu.st.g.5s. 2,750.000 .. Property and 1mpt8. 10,000 .. P11roh. Ed. Co. stook. ·K ings Co. E leo. L. & P. p11r. mon. 68 Milwaukee Gas Ltght 25-yr. g. 48 .. 4.,500,000 .. Rettre West. Gas bds. •. 1,500,000 .. Extens., tmpts., etc. do do do Nat. Sta.rob deb.gold 5s............ 4.71,000 Exoh for old bonds. 27,000 .. Worktng oa.pttal. .••. .•.••• do do 29,000 .Con11truot1on. 'N. Y. & Queens Eleo. L. & P. 1st i con. 5s . . ..••••..••••..•..•.••••. 5 813,000 . Bettre old bonds. Western Union 50-yr. ~ 41.gs ...•••• 1,000,000 .. Retire old bonds. •.••••. 2,000,000 .. Extens. and lm1,ts. do do do l(UJIIBER A.ND VA.LUE OF SHA.RES SOLD AT NEW YORK STOCK EXCHANGE. Total••••••••••••••••••••••••$1.241, 127,300 The constant growth in the soope of the quoted se• curitles is exhibited by the listing of the Russian -Government bonds. The industrial consoltdation movement is reflected by the acoession to the list of the share capital of the following companies, viz. (ln millions): Allis-Chalmers Company (heavy machinery), 36¼; American Hlde & Leather, 221; American Steel Foundries, 30i; United States Realty .& Construction Company, 60¼; Corn Products Company, 72¼; and in the bond list by 34-ft- mlllions of -collateral trust 4:s of th( Consolidated Tobacco Company. An unusual number of additions have been made to the listed shares of the New York banks, far -the most striking ·being · the 15 million new stock of the National City Bank. The sec tuities quoted on the "unlisted" sheet ·have been increased by 106½ millions stock and 3 millions bonds as follows. STOCKS PL.A.CED ON "UNLISTED" DEP.A.RTKENT. Oommon. Preferred,. Amerloan Grass Twine Co ••••• $1,917,000 <Bntterlok ICo. .. .. .. . •• . ••. .••. Dlattllers' Beourit1es Oorp..... •Ba.Uwa.y Steel Bprtng Co ••••••• ·u. 8.Cast-Iron Pipe& Fdry.co. U. 8. Reduction & Retln'g Oo. -Vulcan Detinn1ng.. •• • . . • • . • ••• 12,000,000 28,064.,300 13,500,000 $13,500,000 12,106,800 12,106,300 5,918,800 3,945,800 2,000,000 1,500,000 --- - - Total.. $1,917,000 12,000,000 28,064.,300 27,000,000 24,212,600 9,864,600 3,500,000 Total. ••.•••••••••••••••••••• $76,506,400 $31,052,100 $106,558,500 B01'1>8 PI.A.CED ON UNLISTED. iu. 8. Red. & Refill. 1st s. f. gold 6a.. ••• . ••• • ••• ••••••. ••• • ••• $3,000,900 There is considerable railroad building In progress, -and many new enterprises and industrial consolidations are in the formative state or more or less ad·vanced. Given a reasonable amount of public confi-dence, and the llstings of the coming year O!innot fail to display a very considerable aggregate. OLE.A.RINGS ABD SPECULATION IN 190f. Though our industries remained in a state of great activity throughout 1_902 and though unquestionably -the volume of mercantile trade (notwithstanding the -anthracite coal miners' strike and other labor troubles) was considerably in excess of that of the previous year, the aggregate of bank clearings did not quite come up to that of 1901. The explanation, however, is very simple. Speculation, while still large, was on a distinctly smaller scale than in 1901. The Ma.y panic in the last-named year appears to have checked public interest in the stock market and at no time during 1902 did the dealings on the Stock Exchange approach those recorded prior to that occurrence.· Besides this the tension in the money market during 1902 operated in the same direction, ·while necessa.rtly, during the closing months of 1902, ·the severe decline in prices and extensive liqulda ·tion forced served likewise to discourage out;elders. According to our records the dealings in stocks on the New York Stock Eich&nge for the twelve months https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis '1 ggrega.ted 1Ki:s,5u3,40j sh~rtHJ. Thie, it c ouot be denied, is a large total-as a matter of fa11t it ha.a never been equaled in any previous period of twelve months, save only 1901. In this hat-named year, however, the total was fully 77 million shares heavier, the dealings for the twelve months of 1901 having reached no less than 265,944:,659 shares. We furnish herewith the record for ea.ch of the last 20 years. Year. Btooko,• Sha.res. Values t 1Av'ge Price (ap'roxim'te) Year. Stocks,• Av'ge Valuest Shares. Price (ap'roxlm'te) 1902 ••• 188,603,408 79•9 $14 ,218410083 t81!2 •••. 85,875,092 63•5 $4,874,014,26 2 1901 .... 265,llU,659 79 0 20,431,980,551 lB91. ••• 69,031,689 57'1 S,812,247,41 9 71,282,885 60"2 8,977,664,19s 72,0H,600 f\1•0 4,059,231,891 1898 •••. 112,699,957 72•; 8,187,413,985 1888 .... 65,179,106 62·5 S,539,519,14 8 1897.... 77,324,172 67·0 4,973,553,06:'l 1887 84,914,616 61·1 4,508,778,899 1896 •••• 54,654,098 65"2 3,3211,969,940 1886 .... 100,~2,050 65·6 5,885,662,200 1895 •••• 66,583,232 60°3 3,808,338,604 1885 .... 92,538,947 64°1 IS,479,859,84 0 1894 ..•. 49,075,032 64"2 3,094,942,769 1884 .... 96,154,IJ'il 61°77 5,939,500,000 1603 .••• 80,97?,839 60·3 4,550.260.916 1883 .•• • ~7.049.909 64°51 6,260,809,961 1900 •••• 138,380,184 69'2 1899 9,249,285,109 1890 •• 1?1',421,135 78"6 13,429,291,711\ IAAJ:l . . .. * The shares o1 stocks we take from the record .1rept by the Journal of Oommerce for the-years 1883 and 1884; since then the totals a.re our own compilation. t The values of sales are in a.ll cases our own compilations. As will be noticed, there is a column in the foregoing showing the approximate market value of the transactions. From this it appears that the market value of the sales in 1902 was only 14,218 milllo,n dollars, against 20,431 millions in the 12 months of 1901. Here, then, is a contraction in amount of over 6,000 mil• lion dollars. 0 f course this does not mean a contraction to that extent or to anywhere near that extent in the volume of ordinary bank clearings. As is well known, the Stock Exchange bas a proceaa of its own for clearing its transactions. Since May 1892 the dealings in all the active stocks on the Exchange ( comprising by far the major portion of the total dealings on the Exchange) have been cleared through the Stock Exchange Clearing House, thus effecting an enormous saving in the checks which must pa.BB through the bank clearing house. It sttll remains true, however, that- an increase or deorease in dea.Ilngs on the Stock Exchange involves more or less increase or decrease in ordinary bank clearings. The reason is perfectly obvious. The check given by a customer to his broker in payment of purchases made for his account and the check 'given by the broker in payment for sales made on the customer's behalf must necessarily both pass through the bank clearing Bearing this in mind, the :fact that the house. stock sales in 1902 bad a market value 6,213 million dollars less than the stock sales in 1901 obviously meant a considerable loss on that account in bank exchanges. If we carry our investigation a step farther we shall find that in each of the first six months the dealings fell much below those of the corresponding period of the previous year, the aggregate for the first half of 1902 having been, indeed, hardly half of that for the first half of 1901, the figures being 87,668,439 shares, against 170,066,746 shares; in market value the comparison was 6,424 million doll1:t,rs, against 13,466 million dollars. During J nly, August and September, when the phenomenally favorable crop prospects were a stimulating agency, the volume of business ran ahead of that of the corresponding period in 1901. In the closing months of the year, however, with prices declining and extensive liquidation in progress, the comparison again be- CLEARINGS AND SPECULATION. It is noteworthy-as illuatratiug the general imcame unfavorable. The foJlowtng statement, giving the sales for each month of the last two years, provement in trade-that outside of New York the furnishes statistical corroboration of these remarks. clearings were larger in every month of the year. In 8~8 OF STOOKS AT NEW YORK STOCK EXCHANGE. some months the increase was heavier than in othersJ>but no month recorded a loss on that basis-that is, 1901. 19011. with the New York figures excluded. The fact is the· Values. Value&. Month. Numl>ef' Numbef' more noteworthy as there had been increases, too, of Shaf'es. Paf'. Actual. of Bha.f'es, Actual. Par. - - - - - - - --·-- outside of New York in every month of 1901-forI Jan.. . 14,'779,228 l ,886,108,60( 1,089,682,0UI 30,286,066 2,911,631,860 2,081,745.276 large amounts, too, in most of the~ months. In the reb ... 12,986,Pt:~ 1 ,927,Ml0,050 l,010,94 7,20f- 21,902,8~ 2,125,937,450 1,678,1147,698 March. ll,967,i09 1,148,4,09,750 876,Pil,BO~ 27,060,968 2,IJ24,0ll,160 2,01'7,1184,688 last hilf•year of 1902, when Stock Exchange transac- - ---- - - - - - - - - - letqr. 39,71a,rin, 8 ,757,048,40(1 ll,927.470,431 79,248,846 7.661,41:10,4~ 6,758,677 .e61 tions made better comparisons with the preceding year,Aprll... ,567,748 2 ,520.078,47f l,998.946.211 41,7111,086 4,089,407,800 3,616.023,287 there was an increase even with the results at New May .... 18,532.858 t ,2115,318,()(J( 948,929,814 86,202,203 8,440,179,MO 2,683,101,469 June... 7,884,768 ,_ 728.002,950 649,276,81~ 19,795,612 1,080,766,560 1,509,649,867 York included, as will appear from the annexed table. ' ' ' ---- ---8 mos .. 87,668,489 8 ,261,432.826 "'ONT'PT,V OT, Jrl A RT'NtHl 2d qr. t7,9R,,86t 4 M!l,884,421' S,4117,145,84~ 96,806,001 9,t60,3~,925 7,707,774,623 d,424,6l6,27r 176066746 171111893,875 13466Ull,ll84 July.... 16,852,281 1 ,&57,687,671) 1,301,476.911 16,024,668 1,677,408.460 l,216;878. IJ02 August 14,314,627 l ,374,5Ho,11!6 l,Ot.l~. 788,062 10,772,021 1,056,617,850 832,061,498 lept... 40,072,263 1 ,983,978,075 1,608,274,817 13,990,195 1,380,178,850 l,<>e7,337,661 --- Sd qr.151,689,111 4 ,9 16,263.875 8,975,540,690 !0,78t!,884 4,018,104,950 3,114, 77!i,061 ----- 9 mos. 1392971'>60 1 3177686, 70(, 10400166,966 21e84263o 21,13t928826 16,e,81230845 Oct . . . 16,361, t2t 1 ,f>18,Q90,400 l,1!6.">,407 ,012 14,036,082 l,8i 1,786,450 1,C49, 728,428 Nov .... 17,126,062 1,619,488,2 · 0 1,80-1,0ilO,1 Oi 18,314,1162 1,7&8,178,850 1,469,015.487 Dec .... 15,71~,66 1 ,477,62tt,115 l,24',816,002 16,750,985 1,595,101,000 1.341,086,29 l 4th q.r. 4P,205,853 , ,611,106,tlOO 3,818,283,118 40,102,029 4, 716,060,€00 3,8~9.~30,206 Year. 188~03408 1 7,'78871J2300 14,218~40083 2115Q44f!69 25,8411981'825 20,431080551 Considering how extensive and important w~s the ahrinksge in Stock Exchange business, it is really surprising that the aggrejiZate of bank exchanges for the 12 months should have approached so closely to the total for 1901, which had been of really rema1 kable proportions. We make the total clearings for the 12 months of 1902 118,118 million dollars, as against 118,679 million dollars in the 12 months of 1901. The falling off has thus b~en trifling-only a small fraction of 1 per cent. As against the 118,118 million dollars for 1902, the clearings for 1900 and 1899-the largest previoualv recorded-were respectively ollly 86,205 and 94,178 million dollars, which affords an idea of the magnitude of the 1902 results. Moreover, more than the entire falling off from the totals for 1901 has been at New York, where stock speculation forms such an Important part in financial transactions. Outside of New York there was a further considerable expansion on top of successive increases in all recent years since 1896. This further addition outside of New York reached over 2,639 million dollars, bringing the total up to 41,791 million dollars, as against 39,162 millions in 1901; 33 1 671 millions and 83,416 millions respectively in 1900 and 1899; 26,959 millions in 1898, 23,894 millions in 1897 and 22,463 millions in 1896. Subjoined is a statemeut giving the yearly flgnrt!B, both with and without New Y · r k, back to 1881. CLEARINGS. Year. New York Clearings. - - - - - -- 1902........ • 76,82~.189,165 1901....... 79.,27.&<5.8•2 1900....... 152,834,201,866 1899, ...... 60,761,71n,901 1898 . .... . .. n.011. 782,437 1897 ..... .. 83,427,027,471 28,870.776,056 1800..... 1895...... . . 211,841,796,924 1894. ...... 24 S87,H07,020 1898. .. . ... 31,2•il,OS7,730 1892........ 3fi,662,4110,202 1891 ........ 83, i49,322,212 1890.... .. . 37,458,B07,601• 1889........ 35,895,104,905 1888 ....... . :n,100,021,e.21 1887........ 83,474,556,268 1886.. ·. . .... 83,670,829,612 1883 ....... 28,152,201,338 1884. ...... 30,Q85,871,17(1 1883....... 87,484,800,872 1882... . ... 48,911S, IJ55.08 1 1881 .... ... 41l.R7tt$"11!.~'l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Per Ct. ClearPer Ct. Inc. or lngs Outside Inc. or Dae. New York.. Deo. - - ----- Total Clearings. Per Ct Inc. or Dec. Mont/I. 1901, 190i. P.Ct. - - -- - - - ---- January 11'ebruary March .. ... • +a1• -1'!'6 + 311'6 +20·2 +11•7 -8'7 +16·11 -15'11 -12·5 +9·5 -6"4 +1•1J +18·, - R• 1 + 8'8 +1811 -6·1 -14"6 -15'0 -4·0 +IJ7•() 1009. • ' 10,665,69ff,29♦ - 1901. P.O&. -- --·-- • 10, 720,800,6'6 --0'5 9, 786,22, .588 3,819,685,772 +12'5· 8,3fl8,711,47i- 8,863,705.615 +o-o 3.014,741,601! 2,740,111,090 +10'0 8,892,916,411 10,007,814,018 -11·2 3,Se6,020.916 8,120,4.74,186 8'6- let quar .. 27,922,864, 188 29,091,8U,178 -4"0 10,186,990,001 -- + 9,180,271,0it! +10'4. A.prtl, ..... . 10,929,629,70!1 12,015,067,403 -90 8,l576,ll82,llf, 8,878,178,897 +6'8 May....... . 10,39ll,502.821 12,881,374,494 -19'0 8,586.780,082 3,605,942,069 +B'S· June.. . .... 8,217,167,71.!6 10,100,722,739 -18'~ 3,250,010, ·, 94 8,248,940,484 +o'O -- Id quar ... 29,639 29(1,823 84,966,164,636 -16"5 10,418, 781,69• 10,133,061,880 +n 6 months. 67,461,654,0Cf' 64,04'1,986,814 ----10':l 20,5M, 771,5116 19,813,882,4.26 ----- +6"4. July . ....... 10,179,774,117'. 9,869,784,491, +8? 8,586,142,11911 8,287,854,464 +0·1 8,952,589,48~ 7,990,1188,43► +12·0 :!,1S6,6U,S72 8,060,989,Ci68 +2'~ AllllUlt . . . . Septem be~. 10,166,919,721 7 ,971,266,86~ t-27't 3,862,840,(184 2,924,121,819 +16'0- - - - - -- ---- - - - ----- 8d qnar ... 29,1?99,283,4~0 25,381,579,801 +15·6 10,084,128,002 9,272,965,851 +S'S · 9 months 86,7tl0,987,,3r 81l,379,M15,llf- -2"'- 30,684,899,59i 28,686,298,279 +7•2 October ... 11,36'\': '18,67f November. 10,0Q6,4l!4,15J December.. 9,8P4t98.92: +r•• 9,6811,220.69) +19·2 S,M9,983,fl87 8,l586, 703,590 IJ,~53,307,24.fl 1+2·5 8,557,156.010 3,486,179,087 +.-1 ll,8H,,871,82~ +0·1, 3, 72:',6tl0,281 3,49l5,C-97,t94 +6"7 &th quar.. 83,157,901,?6~ 29,200,8911,l 6• - --- +1·• ll,155,7f0,4tb 10,5P5,980,161 +6·6 · -0·• 41,71'0,650,025 coll,162,'l'i8,440 +6'!. Another important fact appears on further examination. The improvement in clearings outside of New York extends to every one of the geographical divisions of the country, barring only the New England section; and in the New England section, while there is a small decrease, this follows almost entirely from the loss at Boston, there being only one other New England point (nam£-ly Lowell) recording di-miuished bank clearings. The loss at Boston is, doubtless attributable to the same circumstance as the loss at New York, that is a smaller volume of spceulative businesd. There was a great falling-off in the dealings in copper shares on the Boston Stock Exchange, and the aggregate of the stock sales on that. Exchange was only 9,872,774 shares in 1902 against 15,458,270 sh1.ues in 1901. We annex a statement. showing the cleulngs for the different geographical groups for E>a~h quuter of the last five years. Year ...... 118118839,190 lJ8:,79'164,1?8t Clearings Reported. (000s omitted.) Firs t Quarter. Second Third F o urth Quarter. Quarter. Quarter. Tota.I Year. ----------1- -I - - -$ - -------I I S New York.............. - - - - - - --o·• -3·~ $41,700,050,025 +6·7 $ llb,118839100 +50·9 s11.u,2,2:5,uo +16·6 118,679,1}!14,282 -1s·4 118,671,486,818 +0·5 ~8.2C5,1188,68.+41·8 33iH6,21;7,832 +23•0 94,1~8.089,283 +25'6 26,960,416,287 +12·6 6b,ll31.197,724 +15'8 23,89~ i.145, 735 +6"4 57,321.973,206 -3'3 22,4B3, loti,38:-l -4·2 51,833,931,4.311 +22·3 23,480,494,490 +10·1 53,272,21:11,414 -22·0 21,167 ,303,03i -7"6 45,545, 11 o. 059 -H·7 22,962,270.27~ - 9·4 54,223,308,008 +8·11 25,348,63~,020 +10'8 62,011,107,222 -ll·9 22.~8, ,037 ,805 - 0·8 56, 736,3110,017 +4'4 2;J,ltl5,832, -s +14'2 f:10,623,940,49i +15·4 20,~0.223,001 + 10·0 56,175,327,996 -7·1 1~.441,607,3fi7 -t-4•3 40,541,684,8~ -0·6 17 .672,972,82• + 1a-2 51,147,629,004 +lll·B 15,616,~91,606 +11·2 49,293,721,2lfl -0·1 13,3 21,889,708 +o·8 41.474,041,044 -17· 2 13;214,113.613 -7·6 « .rn9,984.78:-i -20·2 14,lm'i, 171.1-124 +2·4 51,731,472,706 -5'0 13.962,2~fJ.5iO -o·o 60,878,241,610 +\17•\J 14 ,0\14,!'iOfl .R« l +2!4•1J 118.471 .R>-ll-1.244 Olea,-ma• Uui.«c&e New Yo,1', Oleannaa, Total All. 19 2 . 17,786,364 19,12: ,511< 1901. I0,111l.66L 2Ui23,10l 1900. l3,4i6.56t- 13,067,702 1899. 16,148,474 16,S'U,751 1898.10,624,MO 9,280.19" ! r~ 10,215,15• 20,202,151 16.• 58,613 l8,6:i4, U~ 9,89~.6tt ltl,227,406 18.178,7?4 15,557,7113 9,902,793 12,164,23~ 76,328,189· i9,427,686 52,634,201 60,761,791 .U,971,788 1001. Total other Middle.... 1000. 1b99. 18118. 2,'1'l4,884 2,270,835 2,007,Sil! 2,112,341 1,528,tl4~ 2,ff50,ll72 2,';'02,26 2,175,0i i 2,14 fl ,8t10 1,502,6110 2,534,117 2,21/9,887 I,88o,6e5 1,IJ27,'i7\< 1,446,211< 2,684,187 2,4':15,97li 2,177,16: 2,164,2\Jl 1,6!-<0,577 10.204 ,1eoIJ.8117,435, 8,240,231 8,H51,271 6,lf>S,128 1001. 1000. 1809. 1898. 1,974,IH~ 1,995,0 ·c 1,795,09 1 l,965,21l7 1,581,960 l,ll86,151 2,17l:l,4C6 1,732,10 1 2,orn.sa2 1,421,211 1,862,02f 2,05 ~,734 1,!l87,1J9t- 2,03£1,16~ 1,5 07,44( · 1,975,ll7 1 1,019,73~ 2,104,807 1,H2,21& 1,781,70~ 7.~70,832" 8,01}6,72'1 7,010,603 8,009,14& 6,227,091 3,075,44{i 2,6i 6,80t T ot. Middle Western . UlOO. 2,438,e Ot' 1899 . 2,290,98 ' 1898 . 1,850,866 3,H0,81 3 2,913 .818 2,508,58t 2,848,000 2,020,19· 3,088,!17~ 2,8411,0~(l 2,353,7K l 2,285,84fl 1,836,4 3(· s ,201.oe 3,160,83f 2,607,565 2,581,02~ 2,183,911 1899 . 532,83i 488,8 ~6 876,211 327,431 li-!~IK . 2!lll.ll7 5 557.~45 469,001 40~,104 38.!,03t S Ft07• 686,18 41i5,IJ2 4\l3,375 406,1:'41~O.fl4~ 69fl,56l 6';"4,89J 47il.,32• 452,473 3~0.244. Total New England... r· r· mot. 190l. Total Paclftc........... !"°' moo. 12,601,35'1 11,641,468 II,' 0 "',718 11,505,85& 7,007,868 2,372,ll2S l,9i3, 701'• 1,677,116, 1,548,781 1,248,885 l\IERC Firs t Clearings Reported. Thir d 8 PCODd ll'vurth TTILE FAILURES. T o tal 20 months of hO:l of ouly 6Jti ml ,Hou b11a 11eld, tt.a a~atnst Quarte r Quarter Qua rte r. Quarter. Y e ar. (OuOs omitted.) - - - - - - - - - - - - - 869 million bushels in 1901 and 1,095 mlllion bushels - - - - - - --- - - $ (190 ~. ToNll other Western. 11\lfll 1900 . I 1800. Ll898. 771,481-' 652,104 5~1,65~ 49!!,261 451,!HO $ ?87,46~ 6811,!M· 637,898 5 31,692 510,194 $ 78 ' ,528 788,40~ 68 4,4'12 5?9,8(14 477,151- $ £ 9 21,538 877,770 744,435 693,722 62'1,111 3,212,967 1,952,670 2,598,478 2,297,979 2,062,883 190J 1,367,468 1901: 1,103,0\J l Total Southern..... . . 1900. 1,053,75: 908,233 1800. 867,218 1898 1902. 27,!l2'?,85• 1901. 29,001.821 Total all ••••••••••••.••. 1000. 21,6Q9,481 1899. 24,23.">,9il4 1898 . 17,213,07\l 1,341,685 l,280,691l 1,490,814 5,429,611 l,180,19H 1,086,644 1,430,818 4,890,271 807,670 1,264,856 4,136,346 930,U63 855,42 1,081,i!Bl 8,703,255 863,331< 716,172 991,714 8,325,602 760,4118 29,531),300 29,299,28~ 31,367,002 118118fl!l!l M,1>56,165 25,831,579 l!9,200,31111 U8671H 114 21,453,561 17,699,92025,462,72? 86,205.6811 2'1,15 ·•,00ll 21,158,71224,636,874 9t,178,089 15,812,055 16,110,633 19,766,521 tl8,902,l til'! l90i . 10,136,900 1901 . II, llf0,2; J eutstde New York ••· 11000. 8,252,0lb 18911. 8 ,092,52 1 I 18lJ8 . d,588,519 10,US,782 10,188,061 8,385,859 8,2il,25El 6,531,857 ! .1 r 1902 . 190] . [ Canada..... ........... 101,0 USIJII . 1898. l 50ll,734 418,!l'°~ 372,41 8!i8,84" 847,98, 629.808 ~74,lll> 8111,1'5!, 805,lJUl 324,flllb 10,r 84,127 ll,155,751 9,272,96610,5d5,9 0 7,697.894, 9,235,321 7,ll74,ll38 9,077,581 6,207,740 7,602,289 41,71l0,ijl5Q 39,102.1!78 33,571,487 83,416,297 26,930,406 635,374 63(1,215 436,672 449,6ll 877,697 2,857,829 l,897,0ll8 1,586,289 1,627,822 1,887,582 ~.4 3 473,7~? 3~.848 8118,450 337,202 To further emphasize the conclusion to which all these comparisons of clearings lead, namely tha t there was growth in legitimate trade in all directions, we have the fact that there are only comparative! v few points wbere the clearings show a falling off. 0 o page 63 qf the CHRONICLE of January 10 1903, we give the clearings for the 12 months for every clear Ing house in the country; from this it appears that besides New York, Boston and Lowell, which have already been referred to, there are only eleven other points distinguished in the same way, and in most of these cases the shrinkage has been relatively trifling. As far as the principal cities are concerned Detroit is the only point besides New York and Boston that has sustained a decrease, and the loss at Detroit (as also the trifling losses at some minor p:>ints) is not at all surprising considering the great falllng off in the grain movement which occurred in 1902 as a result of the crop shortage of the previous season. Here is a table showing the clearings of the lea.ding cities for the last four years, for both Ddcember and the 12 months. B.Ur:K OLEIAJUNG8 AT LEIA.DING OITIE8, (000,0001 omittea.J ,---December.- - - - . ,-Jan, 1 to December 31.-- 1902. 1901. 1900, 1899. 1902. $ $ $ $ $ 1901. 1900. 1899. $ $ .. aewYork ••• 6,166 6 ,316 5,94.7 5,34.8 76,S'ZS 79,428 52,634. 60,762 615 8,395 7,756 6,800 6,612 600 718 738 Ohloago ...... 609 6,9 30 7,192 6,180 7,086 593 560 578 Boston••.•••• 431 5,875 5,4.75 4,678 4,811 437 460 585 Plllladelphta 152 2,M7 2.271 1,689 1,638 164. 225 209 at.Louts •••• 127 2,148 2,048 1,616 1,528 144 173 175 Pittsburg ••• 971 88 1,373 1,178 1,030 93 105 136 Ban J'ran'oo. 99 1,203 1,192 1,084. 1,210 100 97 102 Baltimore .•• 748 796 973 71 1,0H 74 82 96 Otnoinnatl••• 648 775 918 988 59 81 82 89 &aneas City .. 519 566 703 763 46 51 61 66 Oleveland. _. 540 580 626 721 56 53 72 73 M1nneapol:ls. 4~8 557 604, 672 56 73 74 71 aew Orleans •15 428 575 527 37 38 59 47 Detroit •••••• 413 425 462 501 37 39 41 44, Louisville ••• 297 317 331 363 26 27 27 82 Omaha •••••• 261 270 340 415 24 26 37 39 Oolum!>us •.• 335 326 349 354 32 30 30 31 Providence •• 2s 1 298 328 3a6 27 26 31 35 Mllwaukee •• 253 259 304 304 23 22 28 29 au.ttalo •••••• 239 247 260 294. 23 23 27 30 Bt. Panl •.••• 178 217 228 2 30 19 18 19 19 Denver . .•••• 136 126 136 140 12 10 12 12 Hartford •••• Total...... 9,351 9,336 8,669 8,017 112,468 118,677 81,898 90,345 Otherolttee.. 5'4, 475 H3 362 5,6~1 4,903 4,307 3,883 Total all... 9,895 9,811 9,08 'Z 8,379 118,119 118,580 8 6,205 94,178 Olltc81de N.Y. 3,729 3,,95 3,135 3 ,031 41,71H 3~,152 33,571 83,4.16 The contraction in the grain movement was also, we must presume, responsible, in pa.r t at least, fo r t he fur ther decline in the t ransactions on our New York Produce Exchange. No official data are k ept of the dealings on t he Produce Exchange, bnt following our practice of previous years we have made up from the figures giv~n from day to day in t he dailv papers certain results which ought to furnish a fairly clos~ approximation to the actual totals. In that way we get a total of sales (futures and options) for the 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in 1900. For a complete view of the grain dealings we ought to have also a report of the business on the Chicago Board of Trade, where several speculativecorners were a feature of the year; but for that point there are no records whatever available. SA.LE~ OF FLOUR, WHEAT, &C., AT NEW YORK PRODUCE EXCHA.NGS [Two ciphers (00) omitten :l'rom the figures for Wheat, Corn, Oats, Barley and Rye.] Oats. Barl'y Rye. Co rn. Whea t. Fleur. _ _ _ _ _ _ 1_ _ _ - - - - - - - - &Malt B bl.s. Bush. B ush. B ush. Bush. BUB h. lat quarter, '02 5¾9,300 139,082,0 15,459,0 4,838,0 200,0 40,0 86,0 '01 658.800 128,288.0 H,458.0 7,Hl,O 405,0 '00 9'72,84( 147,141,0 H,584,0 6,398,8 1,46t ,O 212,0 '91' 1,110,440 155,027.0 18,085,0 4,629,0 240,0 869.0 'li8 IJ54,05( 2H>.747,(l 26,621.0 7,932,0 956,0 902,0 1,420,0 2d qua rter, '02 483,100 162,665,0 13,159,0 8,574,0 82,0 318,0 '0 • 719,20(• 200,270,0 23,279,(J 6,849,1 '00 827,llOO 257,759,0 35,879,0 7,081,0 71H,,t• 471,0 •g~ 005.24( 223,588,0 33,556,5 9,896,5 818,0 626,0 339,174,0 43,8!17,0 12,145,U 260,0 4,256,5 '98 8 10,45• 3d quarter, •02 473,000 133,025,0 13,090,0 6,703,0 360,0 558,0 02,25(1 ' 21 3,899,0 27,l76,0 7,71 2,0 205,0 800,0 '01 94,0 '00 7115,000 294,301,0 84,986,0 8,126,0 710,0 '99 9U,OO, 141,H55,0 36,164,0 11,612,C 2,560,0 1,881,6 ' 98 t:114,275 103,386,0 81,505,0 7,751,0 1.190,0 1,808,0 Uh quarter,'02 653,600 100,392,0 18,601,0 7,421,0 468,0 938,0 44,0 '01 657,10<. 200,470,0 18,085,0 8,156,0 625,0 '01 751,700 289,768,0 22,803,0 7,280,0 8 ~0.o 150,0 'Oil 008,800 14.0,175,0 19,858,0 4,109,5 1,735,0 149,0 '\18 1,060,80( 180,103,0 40,894,0 5,501.0 l.tl62,0 l,9P4,0 . ...... .. .. Total Total Total Total Total - - - - - - - - - -- 11)02 .••• . 2,069,00c 1901. .... 2,637,3A(1 1900 •. ••. 8,848,840 18\l9 ...• . S,981,44< 1898 . .... 3,669,575 535,164,0 742,927,0 938,000,0 660,445,0 788,410,0 60,209,0 82,9414,0 108,3-12,0 107,658,5 142,867,C 27,586,0 29,858.0 ~.880,fl 30,887,0 83,329,0 Tota l. .B'Ush• 162,090,85~ 153,842,60(> 174,170,680> 1 3,846,980, 256,461,225187,991,95() 288,984,400 805,709,650 272,828, 408,564,6~ 155,864,~c»252,452,126 841, 798,660197,561,320 149,804,,287 1S0,211,20C>220,736,950 273,853,650 170,448,600 184.,927,60$\ - - - 1- --1-- - - 1,028.0 2,956,0 636,158,6001,167,0 748 ,0 869,?H6,07C5, 8,3-16,0 927,01,095,682,380, 5,853,0 2,P75,5 824,~,480. 4,168,0 8,ll60,5 904,247,58'1 In the case of our Cotton Exchange, too, no data. are to be had. From the appreciation, however, which has occurred in the value of Cotton Exchange seats the assumption would seem reasonable that business at that mart was larger and better than in th&preceding year. FAILURES .AS A MEASURE OF BUSINESS STABILITY. We think it is always instructive to study the year'~ failure figures. According to R. G. Dun & Co.'s returns for 1902 there is a slight increase in both liabilities and number compared with 1901, but in averag liabilities there is a decrease. Compared with 1900, last year's average shows a more considerable decrease. We have to go back to 1899 to find an average smalle?' than in 1902. This lessening condition of the annual average liabilities ($10,114 in 1902 and •10,279 in 1901 and 112,854: in 1900, and *9, 733 in 1899), althou~h the number of failures increased, fully accord& with what would be expected to occur in a series ot buoyant years attended by set-backs but not attended by any general unsoundness in business. Or, statedin another !orm, a severe panic would have been an. inevitable sequence to any of the adverse turns which, have been an incident in the Wall Street market th& last three years, had it not been for the belief shared in by capitalists that trade was in a healthy condition. The public is inclined to attribute to th& 60-mtllion-dolla.r-loan pool, which certain banks and bankers announced, the relief which carried Stock · E xchange affidrs safely t hrough the first of January, payments. That is of course in a sense correct. Ba.ti t is well t o remember that t hose parties would, never have entered into t hat agreement had they not felt th at general trade and business were sound ;.in other words, the healthy condition of trade ensured the sa.ccess of the arrangement. We have said that the small average of liabilities.· in 1902, while the number of fa.Ha.res increase d -30 MERCANTILE FAILURES. '1 .tJt:, torngo11Jg cm.ugt1. uur. lll a cuwprt,Ut,nt1lVt, ttil.ld slightly, is iu !ull accord with a year ol buoyancy unaccompaniFd by unsoundness in trade but at. forcible form the chief facts of interest re1atteuded wi th set-backs in the security markets under ing to failnrea. Notice that the average anthe influence o! dearer money, Snch a state of nual liabilities in 1901 and 1902 are the smallaifain is wholly natural, growing out of the fact that est averages in the entire record with the single -in a time of buoyancy many new men, a large propor- exception of 1899. That la certainly a signifition without experience, rush into business. R~pid · cant fact. It confirms the suggestion made above, that .additions to the number of traders is a well .known last yea1's failures are a creation very l~rgely of the ex•circumstance within the knowledge of every one, con- treme buoyancy we have been passing through, carryilrmed by the more active condition of office and ing up as it were a good deal of light stuff having no -store rentals, particularly in cities, and by the a.ccel self.sustaining power. With the withdrawal of credit erated growth in number of factories, furn aces and Hf e became extinct. That condition ls no doubt the all branches of trade. A considerable portion of chief reason for the number of failures, though these have small capital, expecting, with credits small, being larger than in quite a number of other easy, to be bcrne by the rising wave into pros years previous to 1893. An interesting exhibit ln conperity and abundance. Of course a large per• nection 'with the above is the month]y record. We ,centage of such ventures will necessarily be found consequently h~ve prepared the following statement .among the early casualties, perhaps because of little for three years. ..----1902 ----..----1901-----..---.1900-----. -capacity for endurance, small or no experience, and Num• Liabil· Aver•NUm• Liabil• Aver- .L\Um• Liabil• Aver• age. ities. ber. age. it1es. aoe. ber. 1ties. b,r. decline. the on moderate capital. Last year credit was $ $ $ $ $ $ 10,s\J4,46410,419 989 9,o34 L1 11,220,8 1,242 9,981 14,312,501 1,434 . . . .. Jan bor• on Money lenders were no longer pressing capital 881 9,931,04811,212 rowers, but became much more discriminating, and Feb ..... 1,104 11,302,02912,818 1,024 ll,281,21111,023 1,024 12,787,06112,487 MtU"cb .. 880 8,117228 9,224 1,069 9,195,464 8,602 .aa the year progressed rates for loans were decidedl v Aprit.... 855 7,359,341 8,601 'i63 5,571,222 7,302 107 u,161,86918,801 947 28,771,15124,996 873 7,990,423 9,153 May ..... 1,080 9,109,840 8,435 l t d h i 1 'h high er. T eae a.rger nterest o arges an str c er Juue .... 8 12 10,113,91112,529 188 10,539,55913,375 184 8,191,85910,449 <Scrutiny of assets and collateral could not fail to be July.. .. 825 6,932,851 8,4v3 697 7,035,93310,095 793 9,771,77512,828 735 '7,328,903 9,965 803 9,458,866 11,779 August.. 840 8,068,525 9,615 the death of those who with small or exhausted re · sept..... 846 10,031,25811,942 824 8,261,81810,026 001 10,024,31810,115 782 9,072,79111,602 864 1,,,68cJ,627 12,362 October. 963 l0,851,534 11 ,268 .sources depended upon easy credits for success. 85t> 12,300,31614,471 974 9,070,446 9,313 Nov ..... 1,000 9,1!76,716 9,277 15,255,11811,817, 1,291 12,780,44111,823 l,08l 11,941,02912,235 i,75 . ... Dec.. All the results we have related not only can be true Tot:il..ll,615117,476,76910,ll411,002 113,092,376 10,279 10,774 138,495,67312,554 'Without there being any distinct unsoundness de• -veloped in trade, but taken together are fair evidence -of an absence of trade lnstabillty. When condltions :foster promiscuous venturesomeness, almost any set• FAILURES BY BRANCHES OF TRADE. back in credit would leave the failure record aboundCalendar Y ear. ing with victims, the evidence of rashness with FROM DUN'S REVIEW. h02. HI0l. llJOO. illttle capital to back it. Besides., there are always No. Uabilitiu. No. UabilitieB. /!io. IAabiiiU~. tailures; and indeed many of those who were among Manufacturer,. $ 37 1,700,385 40 l,10!,730 a.na na.Hs •. 40 2,615159 the earliest to drop out of the ranks of commercial lron,toundries 141 2,94i,;l84 1~ i!,018,tl '.! 190 6,9110.n6 Machinery and tool~ ... . ... 32 1,518,194 8U 1,851,775 20 4,t9i,,719 Wool'ns,c'rp'ts&knitgoods men, and consequently were counted in the record Cottons, 2l! 18 1,7n3 ,081 761,8;1,M 8 lace a.nd hosiery •. 68.100 349 ll,Ro8,f65 360 6,2t'tl,21$0 820 7,421,1!15 Lumb'r.carp'nt'rt1& coop'rs 4:15 6,5~0,4118 807 4,874 ,060 3:.!l 3,351,479 and millinery. . last Jear, must have been in extremis before 1902 Clothing 4 ,1 37 27 Hats, gloves a.nd turs ..... . 63·,434 l:126,687 856,081 t<S 43 l,F,40,4"'5 42 9211,514 drugs & patnts. 627,868 began. Indubitable proof of this ls to be found ln the Chemicals, 159 2,,05,105 l :i7 1, 21,965 1213 1,259,084 Printing and engraving•... 1411 lbl 884,3tl7 167 862,401:t 82cl,50a and bakers . .... . . unusually large failures ln January of that year-the Milling 109 120 2,4:.!7,911 2,31!1,832 118 2,546,836 Leather, shoes & harness 9i, 2,146,432 111 2,425,405 111 l:,3tl6,5t'l4 L.iquors and tobacco •.... number that month was 1,434 and the llab~litles 114,- (}lass, 2tl 22 8t9,340 9•9,tl55 88 46t,124 earthe11ware & brick 814 18,677,~74 8116 14,20il,328 Ul other .................. 1,015 19,715,702 312,501 ; the liabilities being the largest of any month Total ma.nu!a.cturtng ... 2,749 47,188,889 2,441 4 1,960,118.l 2,Hi9 51,702,142 Ince May 1900. Our contention finds further conTrad.era. ;eneral stores ....... ..... 1,612 J0,!ll7,/lfH l,400 fi,291,81/'l 1,148 6,750,867 ~rmation-the comparison with former years becom• . G:rocertes,meats and fish . . 1,ll9tl 6,505,052 2• •:n 6,565,960 2,080 8,20t,6S6 37, 410 il,f>8.1,1!1!5 1178 l::,5t0,i!29 l::,1!04,!'>0l Hotels and restaurant11 .... ing more striking-when we add to the foregoing the Liquors 81-0 4, ◄ 4h,85U 87•• 'l,109,6fl0 8"io 4,Yo;',,691 and tobacco ..... . 4,8 .. ,ao , 5,4511,018 f<,0 ,0,-193 rs16 675 6 7 Clothin1ra1:.1d furnishinft .. . 4::i2 11,290,490 increased number now in business and the larger Dry llOOds and carpets.. ... 451 4,912, 187 42n 5,S58,64l 29n J,8,7,82!i 2,5116.106 liJ0 30.! ~.o:t!",0:l>' ilboes, rubbers and trunks 1,:141,fi:, 2 178 1,593,574 JOI 188 l,5fi3,205 a.nd crockery . . . average capital eaoh firm represents. We have pre- Furniture ~9.1 3,51<tl,37i, 2tl7 ~.421!,487 l::9.> :t,246,7:U Hardware, stoves & tools. i,t211,r,0;1 :·b2 :i:-o 1,341,848 :.?61 1,956,~41 and paints ...•.•..... pared the following condensed statement of failures JDrugs 1 'l 122 1,0011,636 11:ll l, tll0,80~ 2, 2\'.l,481 ewelry and clocks .•... . . . . ,2 624,489 3, 9-4-< 461>,078 69 ......... papers and Books 15lnce 1878, which will present to the reader the most Ba.ts, furs and llloves .•... . 27 2fla'.on 24 lf· 9,7l!3 a1 444-,008 849 9, 65,'12!! t'40 9,478,lH 1,101 18,251,842 ........ \.11 other ....... -0f the features those records contain which we have - - -- -- - ---- · Total trading... .. . . 8,2~9 5fl,ll'll,48tl 7,!l/15 52,0~0,640 7,1<44 Ml,4lfi,59~ 6:.!l 27,877,1189_ 5 -6 16,0,0,753 tll7 14,206,tuo 8rokersand tram.porters. been reviewing. -- - - - 1 0 ll•J .-----Liabiliti.ts,---~ Amount to Per cent of ..--Nun,ber---, Year's each b'US'i,Total Of faih.vrlJ8 to No. In Calendar amour,t. averaae. nessftrm. Year- b11sintss. fail ure&. in business. $9! 85 $10,114 $117,476,769 0·9as 11,615 1002 ••••. ..... 1,238.553 94 33 10,279 llil,092,376 o·i,18 11,002 1001 ••••••••.. 1,198,901 111}68 12,854 l 38,4115,673 o·u:n 10.114 1000 .......... 1,157,,oo 7862 9,738 90,879,8 9 0·808 9,~87 l899 ........... 1,1s5,9.19 10,722 115 37 130,662,899 1 ·o76 12,186 189e ........ ... 1,132,555 128 Ji 11,559 154,332,071 1·1011 13,351 1897 ............ 1,Hli,402 19057 226,096,134 14,992 1"272 15,088 1896 ........ .. 1,186,420 14506 18,124 173,196,060 1"105 13,197 1895 .......... . l,U18,961 15525 172,1)92,856 12,458 1·:.!12 13,985 1894 ........... 1,144,286 290 tl5 ~2,751 346,779,889 1·277 16,242 1898 .... ...... 1,193,118 97 26 114,0U,167 0·882 11.0.:!5 10,344 1892 ........... 1,172,570 167 17 189,568,6;!8 15,471 1"079 12,278 1891 ......... . 1,136,978 ~o 110 17.406 189,856,964 Oi:181 10,907 1,111,576 1890 .. ........ 1H57 13,672 148,7d!l,337 1·086 10,882 l889 .......... l,050,61l6 118~8 11,595 128,829,973 1·021 10.679 1888 .......... 1,046,087 169 77 17,392 167,560,944 Oi:175 9,684 1887..... .. . . . . 986,988 114,644,119 12160 1 ..089 11,6.51 9,834 1886 .......... 920,097 12!1,220,821 13728 1·175 11,678 1885.......... 1104,508 10,1537 226,848,-127 26194 1·269 20,682 10,96 ; 188i .......... 864,0H 18,824 172,874,172 i>1023 1 .. 117 9,184 1888 .......... 822,310 101,647,564 12994 0"862 15,070 6,738 1882 .......... 781,496 108 65 H,530 81,166,982 0·747 6,582 1881..... ... .. 746,893 05,752,000 93 63 0·621 13,886 4, 785 1880.. • • • .. • • • 762,254 0'9\10 14,741 6,658 98,H.9,058 H544 IJ.879.......... 674,842 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tnt.11.I commercial. .. .. 11,615 117,47R.769 ll,002 llfl,092,37610,774 138,4115,678 69 35,617,563 7• l>l.01~,774 6· 3 ,910.F,07 ... Bankinll .. .. . ... The following is a record of the yearly aggregate of failures back to 1857: YEARLY AGGREGATE OF FAILURES. Yenr. Number. 1902 •••. 11,615 1901. . .... 11,002 1900 .. . ... 10,774 1899 ...... 9,337 189~ ... .•. 12,186 1897 ...... 13.:'{51 18!l6 ...•.. 15,088 1895 ... ... 13,197 18~4 ...•.. 13,885 1893 ....... 15,242 1892 ........ 10,344 1891. ..•.. 12,273 1 8P O....... l 0,907 1i:i39 .••••. 10,882 1888 ....•• 10,679 1887 ...•.. 9,634 1886 ...•.. 9,834 1885 ..•••. 10,637 1884 ........ 10,968 1883 .••••• 9,184 1882 ....... 6,73~ 1881. ....... 5,582 1880 ....•• 4,735 Liabilities. Year. $117,-176,769 113,092,376 138,495,673 90,879,889 130,662,899 154,332,071 226,096,834 173,196,000 172,992,856 346,779,939 114,044,167 18H,868,638 189,856,964 148,784.357 123,829,973 167,560,944 114,644,119 124,220,321 226,343,427 172,874,172 101,547,564 81,155,932 65,752,000 Number. 1879 ...... 6.658 1878 ...••. 10.478 1877 .... • .. . 8,872 1876 .••••• 9,092 1875 ..••.. 7,740 1874 ...... 5,830 1878 .•..•• 5,18R 1872 ....... 4,069 1871. ...... 2,915 1870 ...••• 3,546 1869 ....... 2,7~9 1868 ....... 2,608 1867 ....... 2,780 1866....... 1,505 530 1865...... 520 1864....... 495 1863...... 1862 ...••• 1,652 1861....... 6,993 1860 ....... 3,676 1859 ....... 3,913 1858 ...•.. 4,225 1857 .•••.• 4,932 Liabilities. $98,149,053 2:i4,383,132 190,669,936 191,117,786 201,060,333 155,239,000 228,4P9,900 121,056,000 85,252,000 88,242,000 75,054,054 63,694,000 96,666,000 53,783,000 17,625,000 8,579,000 7,899,900 23,049,000 207,210,000 79,807,000 64,394,000 95,749,000 291,750,000 l\lERC.A. TILE F .A.IL URES. 31 M.EROANTILE FA.TLURES IN THE UNIT.ED t1r.A.T.ES .A.ND CA.NADA. IN 1902. PREPARED BY MESSRS R. G. DUN & CO. COl'U1'IERCIAL FAILURES. TOTAL, 1902. STATES. - Assets. No. CLASSIFIED FAILURES, 1902. No. Liabilities. - - - - - - - -------1-----1---1-----·- 221 Maine.. ·--··----· 94 N. Hampshire .. 52 Vermont .....••. Massachusetts. 1,002 259 Connecticut.. _•. Rhode Island __ _ 144 MANUFACTURING. TOTAL, 1901. Liabilities. $ $ $ 192 1,250,715 821,049 1,600,404 714,283 340,154 771,298 67 4B 252,160 140,501 308,758 5,378,447 12,527,542 1,125 17,021,717 1,842,697 334 993,176 2,606,302 105 600,916 1,266,594 831,361 No. TRADING. ---;------I Liabilities No. Lia/Jitities. OTIIER Co:r,l'L. BANKING. No. Liabilities. No. Liabilities. - - --------------------~ -----$ $ $ $ 40 1~ 17 3R2 77 30 539,lOi 195,273 62,340 6,117,099 1,059,501 198,207 175 71 34 550 172 108 1,045.146 499,780 l>-5,439 5,252,410 707,643 1,040,579 6 1 1\ 151 5 19.230 1 4,381 70 1,158,033 10 . 75,553 6 27,808 56-t 9,837,g66 1,176 9,282,02~ 574 10,421,351 1,173 10,552,871 128 3,670,160 125 1,752,576 5 2 607 13,182,470 57 1,95~,9J>< 233 5,947,553 9,1~9,802 1,338,395 4,108,286 120 3,662,478 12 217,172 35 774,774 9 20,861,335 2 97,2053 51:1,532: 733 l 9,0~9,766 1,392 12,799,729 757 23,212,921 1,492 19,578,781 J 22 5,046,095 115 17,425,452 11 11,690,949· 6 23,875,126 --- ----------------- - - -· --- -----------------1---1----564 8,171,!527 1,110 8,730,997 2 5,661 98 1,301,156 New England. 1,772 8,274,243 18,203,680 1,866 22,790,151 1901 1,866 8,530,008 22,790,151 ··-· ·----· 1900 1,872 12,063,714 22,726,798 ••.. ·----· " " NewYork. -·-· 1,4!'i5 187 New Jersey .. _•. 731 Pennsy 1vania. ... 8,782,885 26,034,750 1,400 26,560,127 2,056,540 3,514,::,05 183 3,016,318 6,257,055 10,830,613 664 7,359,145 Middle .••. ---· 2,373 17,096,480 40,379,868 2,247 36,935,590 " " 1901 :t,247 16,093,929 36,935,590 1900 2,364. 34,349,611 60,217,154 --1-------1--------------------897 21,088,961 1,309 14,636,483 167 4,654.424 14 21,018,072- ---· ---· ·---·· ..... . 205 19 29 174 67 146 116 103 268 173 152 145 219 202 3,794,285 134,208 503,549 1,262,477 308,485 1,117,162 912.213 548,872 2,643,320 784,746 760,710 987,133 1,152,143 1,222,312 45 8 14 33 South ..•....•. 2,148 12,385,940 19,297,671 2,018 16,131,615 Maryland ....••• Delaware._ ..... 169 26 48 221 6i, 82 ll2 173 292 226 131 152 277 170 D. of Columbia_ Virginia.--· ..••. West Virginia ... North Carolina.. South Carolina._ Florida.··--· •••. Georgia·-····--· Alabama .. _...•. Mississippi. __ .•• Louisiana...•••• Tennessee ... _•. Kentucky ....•.. •• " 1,919,217 74,855 939,294 2,061,049 181,329 858,513 1,067,403 683,296 1,142,ao1 641,947 294,726 620,715 9H6,578 804,717 2,994,762 177,039 959,351 2,712,043 350,9 9 532,684 1,4b9,751 1 ioa 779 2:799:208 1,260,109 589,505 1,125,957 2,000,099 1,100,415 Arkansas........ Texas····-·-··-Missouri ..•.. --. ti 8 12 30 36 17 3 17 25 15 ----1-----1------1---- ------ 1901 2,018 10,413,784 16,131,615 1900 1,721 9,982,889 15,775,588 728 ll8 463 1,856,910> 105,221 ·--· ·--· ·-·-·----· 269 225 211 252 528 393 885,096 1,867,411 1,845,899 1,357,736 2,943,984 2,7i;2,330 222 238 274 1,044.898 1,870,671 1,920,627 13 17 64 Southwest.. .. 1,173 4,598,406 3,136,233 3,305,301 7,084,050 4,836,196 5,633,809 734 .... ---· 4,836,196 ·-·--· ··---· f.169,474 145,100 395, 7 l 562,778 53,499 150,450 493,700 320,021 514,433 9\J,341 11,096 107,l76 1,045,097 180,123 116 18 29 179 60 74 99 138 245 207 128 132 245 145 1,884,695 31,939 335,966 1,073,834 291,310 382,234 99'\302 549,940 1,463,330 1,151,781 578,409 699,114 929,998 663,536 8 240,593 9 227:514 9 1,075,431 3 6,100 1 ··-·749 !) 336,818 11 820,445 2 9,047 :::: ··-· ...i ···5 ···2 423,000> "i~:()00 isi:s6i 2 2 85,000143,500, 3i9:6-67 25,004 256,756 ·--· 4 ----• °39,735 4,948,159 1,815 11,031,388 5,059,482 1,729 9,791,922 5,240,940 1,431 · 8,998,006 64 3,318,124 64 1,280,211 7'd 1,536,642 20 21 19 837,896, 2,039,844 6,097,700 175,233 354,548 1,285,724 """3 7 10 237 505 315 1,178,678 2,570,963 1,219,514 2 6 14 3,82fi 18,473 277,092 1 2 2 121,000 69,000• 44,621 94 60 103 1,815,505 1,0~7 635,211 660 1,189,013 745 4,969,155 3,914,358 3,921,435 22 14 14 299,390 286,627 523,361 5 1 5 233,621 143,000· 323,000· 2,677,848 4,174,414 473 3,811,459 1,113,764 l,4&7,025 279 1,834,307 922,163 1,404,200 196 1,506,933 4,605,471 11,531,6 l4 1,201 11,083,922 756,482 1,276,292 170 1,188,850 143 48 18 356 41 2,195,727 619,840 270,983 4,867,977 467,555 276 179 86 593 141 1,353,858 812,490 1,132,217 3,091,987 803,489 17 624,829 4 4,695 1 1,000 189 3,571,700 2 5,248 3 3 2 6 1 2,552,500, 201,000 4,132,000 1,263,000113,000• Central... ·-··· 2,094 10,075,728 19,828,545 2,319 19,425,471 606 567 465 8,422,0 2 1,275 7,630,50i, 1,539 7,978,821 1,448 7,193,991 8,279,241 8,756,059 213 4,207,47-l 213 3,515,721 128 5,5~7,656 15 24 17 8,261,500, 1,646,207 4,903,755- " " ---1------1- - - - - ·!- - --1-----11-- -1-----1---11-----1--- - - - - -1---1------ 1901 1900 734 862 Ohio·--·........ 436 Indiana,.---··-·· 231 Miohi~an ... ·--· 105 Illin01s....... •. . 1,138 Wisconsin...... 184 --·-l-- - - - -1-----1---1-- - - - -1 1901 2,319 10,109,665 19,425,471 1900 2,041 11,756,443 22,332,536 Minnesota.... __ . 193 839,579 485,428 1,519,:102 274 1,099,891 Iowa. .... ·-···--· 1,004,4 -➔ 6 100 Nebraska. . ... _•. 350,776 233 346,240 587,306 Kansas ......... . 85 150,724 269,759 Indian Territory 135 401,435 595,181 Oklahoma .. ---· Montana. ______ _ 54 224,590 360,207 97,542 12 120,755 North Dakota .. . 15 60,967 95,634 South Dakota .. . 123 1,224,667 1,781,359 Colorado·-······ 13,100 14 28,400 Wyoming....... . " " New Mexico ..•. ---· ---- --···· ·----- 204 314 48 149 47 44 52 22 13 81 4 3 3,432,561 1,509,ti48 139,856 552,865 304,489 283,110 1,079,709 141,-t69 58,332 674,453 14,000 7,300 - - - - - - - - 1- - - - - - - - - - - - - - 1901 1900 981 983 4,455,360 5,300,803 3,943,065 7,201,918 8,197,792 903 981 ·--· ..•. Utah .••. ·-···--· Idaho .. ________ .. Arizona,_________ 73 52 7 176,587 91,LOO 31,050 519,'200 173,050 58,281 50 40 2 i'<f-1 5so:rffi West ········-· 1,238 " " 1 i~~~g-toii::::: Oregon.......... 8,197,792 -----· ·····• 1 177,054 111,050 2~:~~~ \ 43 48 30 1 1 7 1 179,561 49~,800 8,438 86,339 2,500 300 105,748 2,846 ·15 5~i:5i7 6 142 219 90 194 83 134 47 11 15 105 14 8 7 4 582,749 945,802 880,498 491,606 266,259 594,881 254,459 117,909 95,634 1,174,606 28,400 9 1 77,269 80,700 115,500 9,361 1,000 1,iis:il5o63,ooo - - -1-- - - - - 1 - - - 1 - - - - -1- - - - - - - - - -1- - - - 8 1,416,650, 32 339,066 152 1,430,049 1,054 5,432,803 8 182,551 25 1,636,206 108 1,20(),411 848 5,361,175 8 265,400 25 168,948 130 l,754,9b9 828 4,681,986 11 9 2 306,700 105,000 19,593 61 43 5 1 201,500 68,050 38,R88 11,000 ··5:foo 1,001-:4:si 144 1,208,888 41 404·,554 ilii 5fi?f,il'@·s ···,; 124 193,206 396,561 175 1,096,905 28 78,168 92 297,973 4 California .. _____ 390 709,596 3,268,535 422 2,146,688 74 343,091 308 2,898,799 8 Alaska .. _....... 7 61,350 68,970 4 11,600 2 55,500 4 11,970 1 - - - - - - - -1- - - - - - 1 - - -1- - - - -11--- - - - - - - - - - - - - - 1- - - - -1- - - - + - - - - Pacifl.c..•• ----· 817 1,843,400 5,4~6,037 837 4,775,561 167 1,312,606 629 4,086,663 21 86,76>3 3 137,107 " 1901 837 1,871,518 4,775,561 --- · ···--186 1,507,638 621 2,632,190 30 635,733 4 459,313: " 1900 931 2,678,532 5,203,885 ---· ···--169 1,904,127 727 2,926,454 35 1__3_7_3_,3_0_4-l-_2_1___ 4_7_,3_6_1 1s2:o-oi United Btates. ll,615 58,729,557 117,476,7691 Total U.S. 190111,002 55,455,940 na,092,376 Total U. S.190010,774 78,079.5:\9 138,495,673 2,749 47,188,889 R,249 56,081,480 2,441 44,960,983 7,965 52,060,640 2,41'9 51,702,142 7,844 59,415,592 617 14,206,400 596 16,070,753 521 27,377.939 67 31,910,507 74 18,018,774 59 35,617,563: CANADIAN FAILURES IN 1902. PROVINCES. --Ontario .•••••.••.••••..•...••...•••.•.. juebeo ..... _. ··-···· · ········-·····-·-· ritish Columbia ..••.••..•....•..••••• Nova Sootia,. _________ •..••..•....•...•. Manitoba .• _•..... New Brunswick .... __ ..••...•..••.. __ . Prince Edward Island ..••.. _•. ___ . _.•. Total Total Total Total Total TOTAL C0J\IMERCI.A.L. No. Assets. Liabilities. $ $, MANUF.A.CTURING. No. 391 410 101 82 55 -li:1 13 2,283,706 3,659,072 1,275.600 168,921 223,300 123,619 38,200 2,690,881 5,675,750 1,582,550 393,597 231,500 244,599 115,900 92 79 10 13 5 5 5 1902 .••••. ····-···--· ..•..... 1,101 1901 .....••..••••....••....•• 1,341 1900 ........•...•.... ---···-· 1,355 1899_ ..••..•. _..••••. _.... __ . 1,287 1898_ ..•..•••.•••.••...•..•.. 1,300 7,772,418 7,686,823 8,202,898 7,674,673 7,692,094 10,934,777 10,811,671 11,613,208 10,658,675 9,821,323 209 289 308 318 303 6,000 51,500 3,450 27,040 18,500 94,000 12,200 65,089 . ... Newfoundland 1902 ..•••••.•••.••. - ... Newfoundland 1901- ••.•..•..•.••. --~ Newfoundland 1900 ..• ••••..•.......•. Newfoundland 1899 ......•. __ ...... __ . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -- ---- ---- 6 7 7 28 TRADING. Liabilities. No. 3 5 $ Liabilities. $ OTHER COM'L. $ 9 6 1 1 1 290 325 90 68 49 44 8 1,919,995 2,038,276 1,444,250 323,597 219,200 208,699 67,000 ··-· .... 4,247,723 874 3,595,09') 1,029 3,201,665 1,010 4 ,594, 153 950 2,229,083 964 6,221,017 6,845,329 7,252,340 5,953,138 7,412,240 18 23 37 19 33 579,849 3,367,974 136,~00 67,00() 11,800 35,900 48,900 .... -- ··7:100 7,815 6 7 4 22 18,500 94,000 5,100 54,274 BANKING. Liabilities. Liabilities. No. No. .... .... 1 191,037 269,500 2,000 3,000 500 5 1 466,037 371,247 l,1!)9,203 111,384 180,000 6 1 6 3 5 ·•··· ·--· .... . -·· ---· ··-. .... ---· ---. $ 69,000· 200,000· ........ .. -- .... .. --·· --· --· .... ········ 269,000, 6001,386,971 2,348,000512,307 ----..... --· --- . ---· ········1 .......... --····· .... ---·-··· .... ·-··3:000 ..... MONEY MARKET AND NEW YORK CITY BANKS. MONEY RATES FOR FOUR YEARS. We furnish herewith a record of the money ra ea at New York for the last four years. A r~view of the money miuket by months will be found in the "Retrospect of 1902," the first article in thts issue of the FINAN· <CI.A.L REvrnw; similar monthly summaries for the other years will be fouhd in previous n~mbers of the REVIEW. MONEY MARKET AT NEW YORK-RATES IN 1902. TIME LOANS. O.AL!, LOA.NS. 1902. WEEK Ending- At Baukscft .At Stock Exch'ge. Tr·stOos Range. A.v'ge Range. 30 60 90 days. days. days. OUMMERO'L PA.PER. Seven Six Five Fow· Months. Months. Months. Months. Range. Range. Range. Range. Range. Range. Range. 1902. Doi,btenanie. Single-names. · - -- - - -1 --- Prime Good 60 to 90 4 to 6 4 to 6 Cho'ice clays. WEEK Ending- Months. Months. -- 5 - - -----------------------------------! 5 5 -512 5 -512 5 -5½! 5 -512 5 5 3 . ... 5 -15 8 6 J"anuary 10 .... 4 -7 17 .... 13 -5½! 24 .... 2 -4 31. .. . 2 -3 February 7 .... 214-3 14 .... 2 -3 2l __ 2 -2¼ 28 .... 2 -2½! 7 .... 214-3 March 14 .... 3 -412 21. ... 312-5 23 .... 3 -5 4. _.. '2½!-412 April 11. ... 3 -7 18 .... 312-6 25 .... 312 - 6 2 .... 3 ¾-15 May 9 .... 5 -25 16 .... 4 -10 23 ... . 2 -5¼ 30 . ... 212-312 7 .... 2-½i-5 ~u.ne 14 .... 2½!-312 21. ... 2½-3 28 .... 212-4 4 .... 3 -7 ;July 11. ... 3 -6 18 ... . 2 -4 25 .... ~½-3 1. ... 2¼-3 August 8 .... 212-3 15 .... 3 -6 22 .... 3 -5 29 ... . 3 -512 September 5 ... · 1312-8 12 ... 5 -20 19 .... 4 -20 26 .... 2 -25 3 .... 3 -35 October 10 .... 3 -16 17 .... 5 -18 24 .... 1212-612 31. .. . 312-7 November 7 .... 4 -6 1 -L ... 14 -7 f>ecember 5 5 43¼ 4t.J2½23s 2122½! 212238 2~238 2½214 21g2¾ 3 3¾ 3½!-4¼ 4.lg 312-4~ 4¾ 4123¾ 3½!5½! fi -6 5 5 -512 414 4 -4½ 7 4 -6 10 6 -10 512 4¼-5½1 3¾ 3123 3 3 -312 3 2 7s 3 2¾ 3 ,2¾ 3 5 5 4 4 3 3 2¾ 212-3 2 7s 3 278 3 41g 3¾,4 4 3¾ 3½!5½!6 6 -15 8 6 -15 10 6 -20 16 6 -20 14 6 -15 11 6 -10 9 5½! 512-6 4 -6 5 5 ~ .J12 5 412412614 6 612 6 -10 6 6 -9 812 6 -R ~L::1i =~ !~ 5 .... 3 1 2-712 12 . .. . 3 -1~ 19 .... 4 -10 26 .. . 51g - 13 412-5 412-5 412-5 412-5 412-5 412-5 4124½!4124124124124½!4124¼4124½!4 4 4½!-5 412- 5 -1½!4124124 -4124 -4½!4 -412 4 4 4 3¼-4 4 -414 4 -4½! 4 -412 .. 3 1i!-4 312-4 312-4 4 -414 4 -4lg 4 -412 4 -412 414-4½ 414-4¾ 4 4 312414-412 414-412 414-4½! 4 4 4 414-4lla 414-4¾ 414-4¾ 414-4¾ 4.14-4¾ 414-4¾ 4 4 4 -· 4 -4¾ 4. -4¾ 4 -4¾ 4 -4¾, 4 -4¾ 4¼4lg4¼4144.. 4 4 -414 4 -414 4 ·-414 4 -414 4 -414 4 -412 4 -412 4 -412 4¾-5 4lla-5 1434- 5 5¼-6 54-6 412-5 4¼-5 4½1-5 5lg512512414-412 414-4'¼ 41.t-412 414-412 5 5 414-412 414-412 414-4½! 414-412 414-4¾ 414-4¾ 414~ 4~ 414-4.¾ 414-4¼ 414-412 4¼-412 412-5 412-5 4½!-5 4½!4124124144144124½!4lg4144144144124½!4 ½I·4 ½!5 5 5 5 4124¾-5 4¾-5 4124¼4124½!-5 4.lg-5 412-5 4½!4144¾-5 4.¾-5 4.!\i-5 4125 4124144 5 5 412-4¾ 14.12-4¾ 5 5 5 5 5 5 -5 -5½! 5 -5¼ 5 -,512 15 5 5 512-6 5½!6 6 6 6 6 '-6 plus 1 p. ct. commj ssjon.-" ~ - - · -6 plus 1 per ce nt com mission - •-' 6 6 6 r¼ 'iv l 6 6 +-½!'ivl ---6 to 6 t-12 p. c. comm 6 o +-lcm. fl+lcm. 6 R 6 6 6 6 6 6. 6 6 5125 1~ 5126 6 512-6 5½!-6 512-6 6 -6 6 6 '-•6+¼ '@ le.-' 5½!-6 5½!-6 512-6 6 5126 6+14 c . 512-6 6 5¾-6 534-6 6 6+12 c. lt1 6 '3 ~6+1-W 2com.-- 6 6 6 6 6 6 fl R fl 6 6 - RATES IN 1901 . .,4½-5 4124½!412issjon-- - I - 3 -512 512-6 .••. January 10 412-5 4¾-514 5¼-6 .... 17 412-5 4¾-512 512-6 .... 24 4 -412 4¼-5 5 -512 31 4 -4125 -5lg.... 4 4 -412 5 -512 .... February 7 4 14 -1 -4125 -512.... 4 21 4 -412 5 -512.... 4 28 4 -412 5 -512 ... 4 7 414-4.34 5 -512 .... March 4 14 4 -414 412-5 512-6 .... 21 .... 512412-5 5 28 .... 412-5 5124124 412-5 5 -512 .... April 4½!11 412-5 434-514 5 -512 .... 18 .... 412-5 4¾-514 51225 414-434 5 -512 4. 2 414-4.12 4½-514 5 -512 .... May 9 412-4¾ 412-5 512-6 16 412-434 4½-5 5½!-6 .... 23 4½!-5 5 -512 41230 4.14-412 414-434 5 -512 .... 7 4 -4½! 4 -4¾ 5 -512 .. June 14 .... 414-434 412-5 51221 .... 412-5 5½!41228 4½!-5 fi -5½! 4½!4 4½!-5 5 -512 .... July 4½!11 4½!-5 412-5 512-6 . ... 18 5½!-6 .... 41.g-4:\i, 4¾-5 25 4¼-4¾ 412-5 512-6 1 4¼-4~ 4½!-5 512-6 ::::August 8 412-4¾ 4~-5 512-6 . . . . 15 .... 4¾-5 4.¾-5 5½!-6 22 4¾-5 5 -512 512-6 .... 29 5 -5¼ 5½!-6 .... 5 5 -512 5 -5½! 5½!-6 .... September 5 12 .... 512-:'l~ 6 51219 5½!•n'm 6• nom. 612•n•m 26 6' nom 6" nom. 612 • n'm.... 3 6* nom, 6* nom. 612"n'm .... October 10 6• nom. 6 .. nom. 6½i"n'm .... 17 7 -8 .... 6 6 24 612-7 .... 6 l'l 31 5½1-6 512-6 612-7 ..•. 512-5!\i 512-6 6 -612 .••. November 7 14 5½1-6 5½!-6 6 -6½! ..•. 21 .... 6126 6 28 512-534 512-6 ·1 6 -612.... 6 nom. 6 nom 612 nom ..•. December 5 12 6 nnm. 6 nom. 6½1nom.... 19 .•.. 61-i6 6 26 .... 6½!6 6 - 4 4¾ - 5 5 -5½ 512-6 .••. January -1¼4124~4124~11 4 -412 412-5 5½1-6 .... 4 -412 4 -4¼ 4 -4½! 4 -4.lg 4 4 18 3¾-414 4 -412 5 -512 4 4 3!\a.-4 3~-4 4 25 312-4 3¾-414 5 -5½!.... 3~3¾3143143 .... February 1 3 -3½? 3½!-4 5 3 -3¼ 3 -3~ 3 -312 3¼3 3 8 .... 312-4 5 3½!312-4 3¼3¼3143¼31415 312-4 4 -4½! 5 -512 3~-4 312-4 3¼-4 3½131231222 412 512 .... 4 3¾4 3¾3½1-3:\.1. 312-3~ 2 22 .... H1-212 2 1 3¾-414 4½!-5 ..• . March 3¾312Ma.roh 3123 3 3 -· 2 1 .... l½-212 2 8 , 312-4 334-414 412-5 314-312 314-3½! 3143 3 214 21g8 .... 2 -3 15 3¼ - 4 4 -412 5 312-4 3,._4 312-4 3½!3 15 .... 2 -212 214 21422 312-4 334-414 412-5 3 -314 3 -314 314-312 314-312 314-312 314-3½! 23s 2½122 .... 2 -3 29 .... 312-4 4 -4½! 5 3¼3½!3½!3143143142½1 21229 .... 214-3 5 .••. April 312-4 4 -412 5 312-4 312-4. 312-4 3121prll 312-· 3 3 5 ..•. 2 -6 12 3¾-414 4 -4½! 5 -6 4.¼4¼4194194 4 412 4 -6 12 .... 3¼-7 19 4 -4½! 5 -6 4 4½14124¼4½!4 4 4 -6 5 19 .... 212-6 26 4 -414 4 -412 5 -ti 4124124 ·4 4 4 4 26 .... 212 -5 3 ll(a,y 4 -4125 -6 ::::May 4 4 -4½!4 -4124 -4½!4 -41241.g-5 412-5 . 3½!-8 5 3 ..•. 3½1-8 10 4 -412 5 -6 4 6 -60 51.g-6 5¼-6 412-5 412-5 412-5 4½!-5 10 .... 3 -75 15 17 -6 5 -4½ 4 4 4½14124½!4½1412-5 412-5 -6 5 5 -8 2 .... 17 24 4 -4125 -6 4 4 -4124 -4¼4 -4¼4 -4.¼ 4 4 419 4 24 .... 3 -7 31 334-4 4 -4½!5 -6 .••. 4 -4124 -4124 -419 4 4 3 3 31 .... 2 -4 7 334-414 4 -412 5 -512 ..• June 4 4 4 ..June 3 -319 3 -312 3 -3¼ 4 3 3 7 .... 2¼1-4 14 .... -512 5 312-4 4 -412 4 3¾--4 4 3123¼3193¼14 .... 2~-412 314 3 21 3¾-414 4 -412 5 -512 .... 4 4 4 4 3¼13lg3124 4 21 .... 3 -5 28 3~-4.i... 4 -4½1 5 -512.... 1.4.. ...-- . kl 4 4 4 4 4 4 -7 28 .... 312-15 7 5 ~uly 3!\i-414 4 -4½! 5 -512 .... July J4¼4124124 ·4 4 6 -10 5 .... 4 -25 rl 12 4 -412 5 -512 4 4½!-5 419-5 4¼-5 4½!-5 412-5 412-5 4¼55 12 .... 2 -8 19 4½1-5 5 -6 4¼)412-5 412-5 4¼-5 4½14124123½1 312-4 19 ..•. 1 -5 26 412-5 5 -6 4124124¼4194 :..... 4 4 241 3 26 .... 2 -3 2 412-5 5 -6 ::::August 4¼.August 414--4¼ 412-5 4¼-5 412-5 4 4 219 2½!-3 2 .... 2 -4 9 412-5 512-6 4½!412-5 412-5 412-5 4124 9 .... 2 -2¼ 2¼ 21216 5½!-6 4.12-5 4124½!-5 412-5 4¼-5 4124 214 21216 .... 2 -3 23 412-5 512-6 4¼!412-5 4½!-5 412-5 412412-25s 21223 .... 2 -3 30 412-5 512-6 ..•. 412412-5 412-5 412-5 4 4 25s 21230 .... 2 -3 ..•. September 6 5 -5¼ 6 5 412-5 412-5 5 5 5 eptember 6.~-- 3 -412 35s 3½!13 5 -5½! !'>12-6 .... 5 5 -6 5 -6 5 -512 5 -512 5 -512 4 -6 13 . .. 2 -10 6 20 5 -5¼ 512-6 5 5 5 5 5 5 4 4 20 .... 112-6 27 5 -512 512-6 4¾412-5 412-5 4111- 5 4½!-5 412-5 27 .... 219-412 3¾ 4 4 5 -512 512-6 ..•. October 4¾<>ctober 412-5 412-5 4½!-5 412-5 412-5 4 .... 212-412 3¾ 3,¼-4 11 412-4¾ 4¾-5 5 -512 .... 41..&-4¾ 412-4¾ 412-4¾ 412-43-l 4½!-4¾ 334 31211 .... 3 -4 18 4½!-4¾ 4½!-5 5 -5¼. ... 4124¼4½!412412314 3121 .... 3 -4 25 4½!-434412-5 5 -512 .... 4l\a.-5 4!\-5 4¾,-5 4¾-5 4¾-5 314 3 25 .... 3 -4 4½1--1¾ 412-5 5 -5½! ..•. November 1 4124¼4124½!4½!3¾ 312November 1 .... 312-5 8 412-5 434-5 5 -512 ..•. 4124 1~ 412412412334 319_ 8 .... 312-4 15 4½!-454 4~-5 5½-6 .... 4¼-5 4¼-5 412-5 4½! - 5 412-5 4½! 412-5 15 . ... 3 -5 22 412-5 4¾-5 5 -5¼ 412-5 5 5 5 5 412 412-5 22 .... 3 -5 29 412-5 434-5 ,· 5 -512.... 4"'24124¼4124½!-i1229 . .. . ,3~-412 4 412-5 4l\.l.-5 5 -512 .... December 6 · 414-412,414-4¼ 4~4 4 412 4¼December 6 .... 312-6 0 13 5 -512512-6 5 5 -5125 -5125 -5"l 6 ti 6 -12 6 13 . .. . 3 -1~ 8 20 5 -512 5¼-6 .... 5 5 -512 5 -512 5 -512 5125¼15 - 10 6 20 . ... 2½1-10 6 2_7 .•_._ _ _ _ _ 5_-_....:,_5_-_5_12..=_5_¼_-_6_._ _ _ _-_ _ _ _ _5_- _ _ 6 _ -_---:5---:-,..,.5_1i3_5__,,-=--=-~5_, --_ ½!_ 5_ -_7--:--c6 6 ..::. -=_-,,...9_ _ 27. _.. 2"12 - *These are nominal rates, commercial paper was practically unsalable. ..January 4 .... 312-6 11. ... ~12-5 18 .... 2 -5 25 .... l~-2½! .February 1. ... 112-2 8 .... 134-2½! 15 . .• 112-2½! https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 31g 31113 -312 3 2 2 17s 2 2½!-3 2 2 2 f> NEW YORK MONEY MARKET. 33 MONEY MARKET AT NEW YORK-RATES IN 1900. OALL LOA.NS. 1900. WEEK Ending- TIME LOANS. At .tJ t Banks& Stock Exch'ge. TrustCo 30 60 90 days. days. da:11s. OVMMERO'L PAPER. FoU1· Five Six Seven Months. Mohths. Months. Months. 1900. Doublename. Single-names. --- WEEK Prime Good - - - - - - -· - - - - - - - - - - - - 60Choice to 90 4 to 6 Ending4 to 6 Range. A.v'ge Range. Range. Range. Range. Range. Range. Range. Range. days. Months. Months. --- - - - - - - - - - - - ---- - - - - - - - - - - 6 5 ...January 5 .... 2 -'- 12 6 6 6 6 6 7 -8 .... January 6 6 6 5 n 12 .... 3 -6 5 12 512-6 512-6 5 -512 512-6 612-7½ -- 55 -- 55 - 55 -- 512-6 5 19 .... 2 -4½! 334 4 -412 4 34-5 5 -512 6 -7 -·-· 5 19 4 4 -412 4 -4-124 -412 26 .... 2 -4 4 -4½ 412-5 512-612 314 3 26 -- 44 -4½! :February 2 .... 2 -3 4 4 4 -412 4 -4½1 412-5 512-612 .... February 2 2 34 212-- 43124 4 4 4 -4124 -5 512-6 9 .... 2 -212 2 '4 212-3 4 9 ]6 . . 2 -212 2¼ 2124 4 4 -412 4 -4124 -4124 -412 4 -4 4 412-5 512-6 .... 16 -- 4124lg412-5 412-5 412-5 41223 .... 112-2½ 2 4 2 -212 4¾-514 512-612 23 .. 412-5 4½-5 412-5 March 2 .... 2 -212 214 2 - ·212 412 ·4125 -5¾6 -7 ... . March 2 - 41-.i-5 234 3 -312 412-5 412-5 412-5 434-5 5 ·-512 512-612 -··9 ... . 2 -4 9 - 5 - 412-5 fl 4 -6 5 5 5 -!'!12 6 5 5 -612 .... 16 . ... 3 -7 16 5 - 412- 412- 5 - 434-5 5 -512 6 -612 ..... 23 ... . 3 -6. 412 4 -6 41223 - 5 - 5 - 5 4 4 -4124 -4124 -412 4 30 .. . 2 -412 3½! 3 -312 412-5 434-512 512-612 ..... 30 4 4 April 4 4126 .... 3 -5 3 34 312-4 412-5 512-6 .... April 6 4 -· 4 4 3123¼!, 412-:l 4 512-6 13 13 .... 2:lg-4 314 3 -312 414- 31,i- 312- 334-4 4 -- 4 3 -3¼! 3 4 -412 412-5 5¼-6 ---· 20 20 .... 2 -4 4 4 4 -4125 -ti ---312-4 312-4 312-4 27 .... 2 - 2½) 214 2 -212 27 - 33 -- 3 -- 319.-4 May 2 112-2¼ 4 312-4 4 -412 5 -6 ::::May 4 .... l½!-3 4 4 4 3 2 11 .... 2 -212 218 3 312312-4 312-4 334334-412 412-512 11 3 2 -214 4 312-334 334-4½! 5 -512 ---18 .... 1~-214 2 3 3¼18 4 2 3 25 ... . 1¼-2 4 2 312-4 312-4 312-4 312-334 334-412 5 -6 25 - 33 - 33 -- 3124 4 312-4 334-414 412-512 ::::June 1 June 1 .... 112-2 1 a 2 4 - 3 3 4 4 312-334 3-½i-414 412-5 3128 8 .... 112-2 4 179 2 3 312--4 312-4 · 312-4 312-334 334-414 412-512 ---· 15 .... l¼-2 3 ·15 3 L7s 2 22 22 .... 1 -134 lf>s. 112-2 4 -4124 -412 - 33 --312 33 -312 312- 312-334 .3 34-4 14 412-512 .. --· 3 -312 4 -4124 -4124 -412 334 - 4 4 -4~5 -512 29 .... l -2 29 13s 1123 3½!4 -4124 -412 4 -412 334-4 4 -4125 -512 -~-.July 6 July 6 .... 112-2 1~ 1124 13 4 -412 5 -512 13 ... . 112-134 11\i 1123 3124 - 334-4 - 3212-- 3124 20 .... 1 -112 13s 1124 -412 4 -412 4 14-4 34 5 -5½ ...... 20 3343 -412 4¼-484 5 -512 27 4 4 -4124 -412 27 . ... 114-112 13s l14-112 312- !4 -4½ 4 4 -4124 -412 . 412-5 512-6 ::::August 3 .A.ugust 3123 .... 114-1½ 13s 114-112 -- 33 -- 312-412 4 4 -4124 -412 4 412-5 512-6 10 10 .... 1 -112 114 112-- 4 -412 4.12-5 512-ti 3 4 17 17 .... 1 -'l 1~ 1123124 -4124 -412 ---· 3 4 24 4 -4124 -4124 -412 5 -5¼1 24 .... 114-112 13s 114.-112 -- 44 --412 414-412 4 -4124 -412 4 -412 434-5¼ 5 -6 31 31231. ... l¼-1½! 114 112---- 31214 5 -6 3 4 4 4 434-5 ::::september 7 September 7 .... 114-112 114 112-2 3124 -- 4 -- 434-514 !'. -6 .... 3 4 14 ... 1 -2 4 14 112 112-2 3124 -- 31241,s-6 4 41241221 2l. ... 114-2 434-512 5 134 2 412-- 434-5 5 -512 512-6 . --5 41228 41228 .... l½i-2 11516 2 -3 312-4 4125 - · 14-534 6 () ctober 412-5 5 5 . ... '.! -3 5 5 ::::october 5 23s 214-2½} 5 - 55 --5¼ 5512-6 5 12 12 .... 134-4 5 5 5 6 314 3¼-4 5 ---· 5 512-6 19 . •.. 212-4 314-3~ 5 4124125 6 19 -6½ 314 26 5 -~12 512-6 6 -6¼ . --26 .... 2 -6 412 4 -5 5 -- 5 -- 5 -- 5 - 5 - 412--- 434-5 5 -512 6 -7 .... November 2 November 2 .... 3 -20 412 4 -8 412-6 412-5 412-5 412-5 4 1'2-5 412-5 412412-5 412-5 9 4 -6 412-434 4%-514 5 -6 ---· 9 . ... 1 -25 9 4 -5 4124124 -412 414-5 5 -6 16 .... 2 -6 412412-5 412-5 412-5 16 4 -- 1 1 ~ 1 7 23 .... 2 -5 30 .. . 3 -412 December 7 .... 3 -6 14 ... 3 -6 21. ... 312-6½ 28 .. . 3 - -6 334 312 412 5 41 5'-4 514 -- 4 "4 -4¼ 5 -6 4 -612 5 - 4124 - -- e 5 5 412- - 4 412434-5 5 412-5 - 4124 412434-5 5 412-5 - 412-5 4 144½-5 434-5 4½-5 412-5 412-5 412-5 412-5 434-5 412-5 412-f> 412-5 412-5 4¼-5 434-5 412:.. 5 412-5 -- -- 4124 -412 414-434 434434-5 4 34- 5 ---- --- 412-5 512-6 . 4 14-4 34 5 -512 412-5 1512-6 .... December 5 -512 512-612 .... 5 -512 n½i-6 .... 5 -5½ 5¼2-6 . --· 23 30 7 14 21 28 MONEY MARKET AT NEW YORK-RATES IN 1899. OALL LOA.NS. 1899. WEEK Ending- -.January ,Febrqa,ry -March 30 60 90 days. days. days. :May .June Four Five Six Seven Months. Months. Months. Months. Doublename. 1899. Single-names. WEEK Prime Good - - - - - - - - - - - - - - - - - - 60Choi,ce Ending4 to 6 to 90 4 to 6 days. Months. Months. Range. .Av'ge Range. Range. Range. Range. Range. Range. Range. Range . --4 -5 .... January 2123 3 6 .••. 212-6 2123 3 318 3 - 33 - 314-334 3 -3124 -5 ---· 13 .... i -3 3 3 3 3 3 234 212-3 2121 2 2-3 2123 3 3 212-3 314-334 20 .••. 2 2123 212 - 234.-3 3 -312 44 -5 - 3 -- 3 --5 ·-·· 21227 ... . 214-3 3 212212212 212-3 212-3 2123 .... 2 3 3 3 3 234-3 3 -312 4 -5 : : : : February 23s 212312-334 4 -5 . --· 10 .... 2 -3 212 212-3 212-3 3 -312 3 -312 3 -312 - 3:t¼-3 3 14-4 4 -5 .... 17 ... . 214-3 3123122 12 212-3 - 3 -- 33 - 312--- 333 --- 314-4 4 -5 24 .... 2 -3 2½! 212-3 3123123123 .... 1 -412 234 212-3 312312-4 312 -4 3½-4 312-4 3 4-334 3 34-4¼ 412-512 ::::March 3 3 -4¾ 10 .... 2 -4 334-412 3344 412-512 .... 3 4312-412 3 4-412 234 212-3 - 4 - 4 - 4 - 4 - -1 3 -5 4 17 .... 212-6 4 4 -412 412-512 ---· - 44 -- 412-5 14-412 4 4-412 412-5 .... 24 .... 3 -9 5 4 4-412 4 4-412 4 4 4-412 -- 4 - 4 - 4 -412 4 -412 4 -412 - 334-4 4 -5 55 -6 -6 412-8 31. ... 312-12 6 -6 . 4 -412 5 ::::April 6 -12 4 -4~4 -412 4 -412 312---1 4 7 .... 3 -16 7 4 -- 4 - 4 - 4 -4124 -412 4 -412 - 312-4 4 -412 5 -512 434 3 -5 14.... 2 -8 21 .... 3 -6 434 4 -5 4 -412 4 -4124 -412 4 -412 5 -512 .... - 312-4 -- 34 -- 4312-- 31228 ... . 3 -6 4 312-4 334-4 334-4 334-412 412-512 .... - 3123 .... May 5 .•.. 3 -7 334-4 334-4 334-414 312312-334 412 312-5 312-- 3 -3123 -312 4 - 4 - 4 -- 334- 334-412 412-512 4 -412 12 .... 212-6 412-512 4 19 .... 2 -4 312-4 312-4 334-4 4 412-5 312-4 312-334 312 3 -312 - 3 - 3 - 3 - 312-4 312-4 -- 312- 334-412 412-5 ---· 26 .... 2 -4 212-3 3 3 2 .... 112-3 3 3123 3123123 4-334 312-4 4 -5 ::::June 25s 212-3 --- 1 1 .April OVMMERO'L PAPER, TIME LOANS. At .tJ t Bardes& Stock Exch'ge. TrustCo 9 .... 2 -212 23s 16 .... 2 -3 23s 23 .... 134-2½ 214 30 ..•. 2 -15 312 7 .... 2 -6 .July 5 14 .... 3 -7 5 21 .... 2 -4:lg 4 28 .... 212-4 3 7s 4 .... 3 -5 .August 4 11 .... 212-4 312 18 .... 2 -3 2 7s 25 ..•. 2 -4 2 7s ..September 1 .... 234-4 318 8 ..• 212-6 5 15 .... 2 -9 6 22 .... 2 -10 612 29 .... 3 -20 8 6 .... 3 -40 12 -October 13 .... 2 -19 7 20 .... 4 -9 514 27 .... 4 -10 6 :November 3 .... 4 -35 10 10 .... 2 -16 9 17 .... 3 -12 7 24 .••. 3 -14 6 'December 1. ... 3 -10 6 8 .... 3 -12 7 15 .... 4 -15 7 22 .... 2 -186 25 29 .... 212-25 5½ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 -212 2 -212 212212-6 4125 -6 4 -412 4 4 3 -312 3 -312 2:\i.-3 3 312-5 6 6 -10 6 -15 6 -25 6 -7 5 -9 6 -9 6 -20 6 -12 6 -12 6 6 6 -9 6 -8 6 -30 5 -7 ---- ----- -- - -- 4125 5 6 6 6 ------- --- 1 1 1 . 1 3 3 ---- -3 3 312- --- -- --- -- 3 3 3 - -; 3 -·- 3 -312 3 -312 --312 33 3 -312 3 -3½! 3 3123 3 312.3123 3 -312 3 -312 312-4 3½!-4 3 3123123123123124 -4124 -412 4 -412 312-4 312-4 312-4 4 -4124 -412 4 4 -4124 -4124 -4124 -412 4 412-5 412-5 412-5 412-5 4 -412 412-5 412-5 412-5 412-5 4 412-5 412-5 412-5 4 4 4 4 -4124 -4124 -4¼ 4 412-5 412-5 412-5 4 412412-5 412-5 412-5 412-5 512-6 512-6 512-6 51"2-6 512-6 5 512-6 512-6 512-6 512-6 6 6 6 6 6 6 6 6 6 6 6 6 6 4125 -5125 -512 5 -512 4126 5 6 6 5½-6 512-6 6 6 6 6 6 6 6 6 6+14 co mmis'n 6 disc, 6 disc. 6 disc. 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6nom'l. 6nom'l. 6nom'l. 6nom'l. 6 6 6 6 6 ---- - -- -, -- 3 --- -- -- --- - --- --- - - -- --- --- ------------- 1 ·--· --· --· 6 13 20 27 3 10 17 24 3 10 17 24 31 7 14 21 28 5 12 19 26 2 9 -312 314-3!\ 4 -5 16 -312 3 14-334 4 -5 . 23 3 -312 314-334 4 -5 .. 30 314-334 312-4 4 -5 7 3 -312 312-4 4 -5 14 312-4 334-414 412-512 21 312-4 4 -412 5 -512 .... 28 334-4 4 -412 5 -6 4 4 -414 414-434 5 -6 ::::August 11 4 14-434 412-5 512-6 18 4 14-412 4.12-5 512-6 25 414-412 412-5 512-6 414-412 412-a 5¾-6 ::::september 1 8 412-5 512-6 414-412 15 434-5 5 -512 6 -612 22 6 512-6 -8 51229 5 -512 6 -8 5 6 512-6 6 -8 ::::october 51213 512-6 6 -8 51220 412-5 5 -512 6 -8 27 5 -512 6 -8 5 5 -512 514-5 34 6 -7 ::::November 3 10 5 -512 512-6 6 -8 17 512-6 6 -8 .... 51224 512-6 6 -8 512512-6 6 -7 : : : :December 1 5126 -8 8 512-6 512...... (. 7 -8 . 15 6 6 7 -8 ... ,, 22 6 6 29 6 7 -8 6 ::::July --... --· --· .... - ··-· -- -- --· ---· ~KW YORI'"" CITY BANK :\IOVE~1E.i: TS. 34- We add the following two tables to show the coa.NEW YORK CITY BA IYKS IN 1902. dltion of each bank at the beginning of each of the To indicate the bank movements at this centre we last two years. furnish below a summary of the returns of the N ew York Clearir g-House institutions for each week in CONDITIO:N" OF NEW YORK CITY BANKS BEGI~NING OF 1902. 1902. We omit in each column the last two figures. Ja]. ~1;1, 4 • Capital. Siirplus. Loans. 81}erie. I. l D · Re. OOs ornittecl. - - - - - - - - - - - - ,er,a s. eposits s've. The Clearing House returns, as is known, al ways give $ ! $ $ $ $ P.O. Bk. of N. Y. 2,000,0 2. 18,1 17,927,0 2,944,0 1,462,0 17,439,0 25·2 the averagfs for the week, not the results at the end l\t:anliat. Co. 2,050,0 2,106,4 22,45:t,l 6,590,l 2,320,3 28,272,7 31·5 Merchants' 1 of the week. NEW YORK CLEARING HOUSE BANKS STATE1\IENT-(00s OMITTED,) 1902. Week Ended- .Jan.- Loans. Deposits. ---- Specie. --$ Legal tenders. Re 've to deposits. - Per Ct. 25 80 11 ...... . 86!.236,8 92ti.~82.ti 168,222,7 76,481,4 26 ·39 18 ....... 867.529.l 938,722 2 177,ln5,3 76,576,7 27·02 25 ....... 86ll,942,6 949,066 8 185,891,2 76,857,9 27•6ti Feb.1 .....•. 88 Q,531,7 975 .997,0 192,815,2 77,807 4 27·72 8 ....... 918,500,0 10006819 193.038,7 75,028,0 2t>"78 15 . ...... 93'l,004 7 101.:>2790 194,555,4 72.825,2 26·33 21 ....... 936,757,6 10194742 194,898,9 72,42o,3 26·21 March1 ...... . 938,191,2 10174883 192,433,5 71,914,5 25·97 8 ....•.. 935,102,l 10056667 184,529,5 70,845,ti 25 39 15•...••. 920,730.1 9l-l4,370,0 179,190,9 70,014.5 25 ·31 22 ...••. 912,953,1 973,234,6 176,832,4 69,947.5 25·34 29 ...... . 904,074 5 965,353,3 177,382,7 70,9:H,2 25·71 April5 . ...••. 907,223 4 964,618.3 173,254,2 70,549,9 25 ·27 12 ...... . 900 3•U,8 957,i$6l.4 171,995 8 71,916,3 25 ·47 19...... . 894,491,4 952,774 2 17 2 332.4 7 2,439,8 25·68 26 ... . .. 89.1,394,1 954,546,ti 17"d 094,0 7.>,003,7 25·98 May3 ....... 904,162 .5 968,189,f 173.~50,4 75,681,0 25·77 10 ....... 901,9:!8,0 960,235,6 170,490,4 73.029 ,5 25 35 17.. ... . . 879,029.9 936,Hil .9 l,-,8,825 8 73,561,2 25 8 8 24... .. . . 870,4i;3,3 931.751,0 171.~23 0 75,316.2 26 53 31 ...... . l:!85,592,6 948,326,4 t'i2,536,6 76,474,0 26·~5 !I; $ $ 4 ....... 869 546 6 926,204 1 164,80R.8 74,257,8 June- Surplus reserve. t ----- $ 7.515,5 12,95~,4 19,061,4 25,332,4 26,623.3 17,89H,2 13,560,8 12,456,6 9,975,9 3,958.4 3,113,9 3,471,2 6,965,5 2,649,5 4,571,7 6,578,6 9,461,0 7,484.0 3,461.0 8,346,5 14,301.4 11,929,0 2,000,0 1,176,4 12,568,3 Mechanics'. 2,000.0 2,394,8 12,847,0 America ... . 1,500,0 3,177,5 19,0u9,5 Phoenix .. . 1,000,0 273,5 4,431,0 City ..... .. . 10,000,0 6,603,3 109,218,0 Chemical .. 300,0 7,047,7 24,174,8 l\ferch. Ex. 600,0 261,5 5,052,l Gallatin .... 1,000,0 2,004,6 8,486,1 But.& Drov 300,0 6 ,3 1,289,9 l\fecb.&Tra. 400,0 130,4 2,067,0 Greenwich. 200,0 175,8 i-<59,5 Leath.Mfrs. 600,0 517,3 5,278,2 7th Nat .... 1, 700,0 18,5 5,115, I tate of .Y 1,200,0 540,4 4,856,5 Amer.Exch. 5,ooo,o 3,378,4 29,543,o Commerce .. 10,000,0 7,1 55, 7 7 2,963,5 Broa<lway . 1,000,0 l,638,3 6,695.2 Mercantile 1,000,0 1,386,5 13,748,2 Pacific .... . . 422,7 519,l> 2,:i85,6 Chatham .. . 450,0 997,2 5,041,0 People's .. . 200,0 :{53,6 2,123,5 N. America 1,000,0 1,105,7 11,043,4 Hanover .. . 3,000,0 5,641,2 4G,758,7 Irving .... . 500,0 491,8 4, 1'17,0 Citizens' .. 600,0 404,0 5,561,2 -assau .... 500,0 289,4 2,571,7 l\Iar.& Fu.It. 900,0 1,038,5 6,102,6 Shoe&Lthr. 1,000,0 22 ,2 3,675, 1 Corn Exch. 1,400,0 1, 52,0 2:.1,703,0 Oriental ... 300,0 415,4 2,093,0 Imp.&Tra<l 1,500,0 6,224,9 23,216,0 Park ...... . 2,000,0 4,0 0,0 48,241,0 Ea. t River 250,0 163,0 1,314,3 Fonrth . .. . 3,000,0 2,615.5 22,14.9,l Central ... . 1,000,0 601,7 10,449,0 Second ... . 300,0 1.052,0 9, l 38,0 First ..... . 10,000,0 11,354,4 78. HJ7,3 N.Y.Nt.Ex. 500,U 336,9 4,353,8 Bowery .. . 250,0 759,9 3, 141,0 N. Y. Co .. . 200,0 59 ,4 3,881,6 German Am 750,0 416,8 3,487, Chase ...... . 1,000,0 2,6 8,0 41,637,4 Fifth Ave .. 100,0 1,424,1 9,01 t,O G e rman Ex. 200,0 586.7 2,234,7 Germania .. 200,0 36,3 2,946,4 Lincoln .... . 300,0 1,037,9 13,015,3 Garfield .. . . 1,000,0 1.204.8 7,444,4 Fi.fth ..... . 200,0 375,7 2,265,4 Bk . ofl\Iet .. 300,0 1,153,7 7,i-l53,9 "\V!'st Side .. 200,0 451,0 2,732,0 S ealJoard .. 500,0 1,037,4 ll,79i-<,O \Vestern .... 2,100,0 2,548,5 30,523,6 lRtX. £klyn 300,0 540,7 4,226,0 Liberty ..... 500,0 770, 7 G,687,3 N.Y.Pr.Ex 1,000,0 420, 4,:181,5 New Arnst. 250,0 650.8 7,391.4 A"tor . .... . 350.0 430,9 4,183,0 Unit. States 500,0 382,5 2,828,6 3,032, 7 1,719,0 2,786,7 786,0 21,62:1,0 5,019,l 750,!-l 1,g3(:i~,.89 510,0 118,1 2,061,6 902,4 481,7 4, 157,0 10,415,7 738,2 2,22ll,9 513,li 48G,2 155,6 1,640,7 7,750, l 545,2 1,339,5 220.7 700,6 645,2 4,665,0 171,0 3,986,0 10,807,0 169,2 3,910,0 1,622,0 1,520,0 14, 161,5 570,7 390,0 614.9 430,8 10,344,5 2,363,4 212,3 414,3 1,171.3 1,543,9 257,6 1,651,4 388,0 2,299,0 8,751,4 443,0 l,lo5,3 765,9 809,2 681,3 340,2 1,18::l,5 1,201,0 2,668,H 2H2.0 6.92~.o 2,467,1 605,5 879,2 97,7 309,0 151,l 226,7 144, 3 0,3 1,457,o 6,307,2 H90,9 1,7:34,5 412,1 901,9 64.2, 1,346,4 5,55 ,2 459,5 32 ,:~ 486,7 8H:l,4 295,5 2,184,0 502,9 1, 281,0 4,213,0 239,5 2,413,9 1,646,0 921,0 2, 197,5 414,3 :~38,0 307,4 267,5 2,032,9 244.5 l ,010,2 492,4 2, 35,0 341,5 235,7 651,0 377,0 1,363,0 2,361,9 477,0 425,0 358,9 1, 24.8,5 341,7 114,l 15, 184,4 27·4 13,086,0 22·3 21,387,4. 25·5 4, 194,0 25·6 124,577,o 27-7 24,ti62,4 30·3"5,361,6 25·2" 6, 795,2 28·1 1,551, 24·7 3,til3,0 22·o774·, 534-7 6,390,5 35· 4,524,3 2,!-1 ' 3,646,8 23·(>. 22,824,o 24·o 64,924,5 25·7 5,64::!,0 20 ·0 • 14,707,5 26·93,678,3 25·1 5,IH1,0 23·4. 2,!-!36,0 27·1 11,308,2 26·451,l:i59,3 25·7 4,272,0 23·56,633,5 25 ·1 3,189,0 22·1 0,287,0 24·4-4,020,6 23·4 27,577,0 24· 2,213,0 30·4 21,117,0 24·9 58,895,0 25 ·51,522,0 26·823,165,6 27 ·~ 12,966,0 25 ·2 10,005,0 24·4-71,899,4 22 ·7 4,000,0 24·o3.545,0 :.10·5, 4,314,0 21 ·3: 3 292,8 21·1 49,747,4 24·89.975,P 26·1 3,711,7 32·9' 4,581,3 19·7 15,490,0 25· 7,639, 7 24·6 2,245,7 21·99,208,8 25·0 ::!,917,0 26·2" 14,081,0 26·0 42,977,1 25·6 4,200,0 21·96,417,6 23·64,859,8 25 ·7 8,565,1 24·7 4,106,0 24·~ 2,014, 7 22 ·8- Broa1lway . 1,000,0 1,938, 6,669.0 1,208.2 Mncantile 1,000,0 1,517,7 12,670,2 2,403,3 Paci1ic...... 422.7 554,3 3,241,2 405,5 Chatham... 450,0 1,041,4 5,801,0 6!l2,2 People' s ... 200.U 373,3 2,120,7 294,6 ~ . America 2,000,0 2,026,1 16,075,5 1,605,2 HanoYer... 3,000,0 6,061,? 44,498,2 7,420,8 IrYing . . .. . 1,000,0 1,033,o 5,385,0 469.0 Citiz e ns• .. 1,550,0 G32,8 5,745,7 1,218,6 Nassau .... 500,0 307.::l 2,507,7 323,7 l\far.& Fult. 900,0 1,095,2 5,935,9 730,0 Shoe&Ltltr. 1,000,0 307,4 5,347,5 1,445,9 orn Exel!. 2,000.0 3,225,5 23,637,0 3,061 ,0 0riental . .. 300,0 419,2 2,039,0 194,8 Imp. & Tratl 1,500,0 6,433,2 22,300,0 3,372,0 Park . . ..... 2,000,0 4,624,8 50,830,0 12,121,0 East River 250,0 149,0 1,1 9,5 238,4 Fourth .... 3,000,0 2,786.9 18,0 3,9 3,757,0 Central .... 1,000,0 622,6 9,296,0 2,389,0 Second . . .. 300,0 1,222,3 9,324,0 1,333,0 First ...... 10,000,0 12,831,7 80,737,3 13,703,9 N.Y. :rt.Ex. 500,U 357,5 5,562,5 708,1 Bowery ... 250,0 774,3 2,708,0 368,0 N. Y. Co... 200,0 611,2 3,870,6 818,6 German Am 750,0 460,l 3,841,l 779,9 Cha st'....... 1,000,0 3,383,9 38,603,4 9.389,9 Fifth A,e .. 100,0 1,591,2 8,519,0 2,228,0 German Ex. 200,0 634,7 2,490,9 155,0 Germania.. 200,0 837,6 2,909,1 419,6 Lincoln . .... 300,0 1,218,8 11. 441, 59,6 Gartield .. .. 1,000,0 1,309.~l 6,967,7 1,668.5 Fifth ..... . 200,0 411,2 2,230,7 478,5 Bk. of Met.. 1,000,0 1,2 6,U 7,532.4 1,571,G West SWe.. 200,0 490,5 3,143,0 468,0 S1' auoard .. 500,0 l,:?14,3 11,2112,0 2 364,0 Western.... 2,100,0 3,336,0 36,600,2 10,563.5 1st X. Eklyn 300,0 550,6 4,136,0 45B,ll Libe rty..... 1.000,0 1, 05,4 8, 804,6 1,231.1 '. Y. Pr. Ex 1,000,0 4i;B.3 3,055,9 624,7 New Arnst. 500,0 577.6 6.6fl7,0 9 < H.8 A , tor . . .... 350.0 48,,,fl 4.H40.0 519,0 unit. States 500,0 4ts8, , 4,-277,7 79-!-,7 1(3 ,2 1,176,G 338,1 7 1,4 514,7 1,306,4 6,209,6 592,0 440, 2ft0,9 709,8 22 ,4 3,529,0 240, 1,311,0 4,213,0 209,4 2,417, 794.,0 1,465,0 2,111,6 546,7 25 ,0 409,3 22G,5 1,8313,8 180,7 968,0 756,3 2.372,6 3J9,l 146,2 932,3 359,0 1,4:23,0 2,93l.1 9~6.0 32:i,O 315.7 5fl4 ,,> 230.0 7 ,U 5,615, 1 24·» 13,287,6 26·H 4,076,3 18·7 5,710,8 25·7 2,834,2 28·5 12,5 2 3 23·1 51,043:8 26·7 4,322,0 24·5 6,540,7 25·4 3,077.9 20·2 6,069,0 23·8 6,384 3 26·2 26,985'.0 24·4J, 76,0 23·1 19,299,0 24·Z 60,728,0 26· . 1,418 3 31·!> 21,013'.7 29·3 11,764,0 27·<> 10,328,0 27·0 68,014,9 23·2 5,498,5 22· 3.081,0 20·3 4,855 1 25·3 3,913'.1 25·7 44,455,8 25·2 9,133,4 26·3 :3,547,2 31·6, 4,970,5 23·6, 12,962,5 24·97,156,0 2 ·Z 2,411.8 25 ·9 ,706.8 28·7 3,354,024 1> rn,277,0 2 ·5 4,1,259,6 30·4. 4.576,0 30·2 7, l 4H,4 22 ·0 3,735, l 25·1 7,118, 7 22·:! 4,015,0 l ·6 3,709,6 28·:» 11,285,5 7 ...... . 884,266,9 945.891'l,5 172 215,6 75, fi 44,l 26·18 13.302,3 14. . .... . 881,070,4 942,8n8.6 172,373,7 76,645.R 26·40 21.. . . . _ 889.015,1 950,952,6 173,~92,7 76.603,7 26·27 12,15R,2 12,978,3 28 ....... 893,871,'!1 955,829,4 1~ 3,ti34 5 78,301,2 2ti•35 July26·04 76,629.8 10.084.7 910,883,2 958,647,5 173,116,8 5 .....•. 12,2"l6,9 12 . . ... .. 906,77ti,2 942,198,0 170,507,2 11 ·w9 2 26 29 15,709,2 19 . .. ... . 903 .327,3 940,ti92,9 173,168,7 77:113:8 26·66 15,502,4 26 . ... .. . 913,29~,5 952 097,2 174,136 .6 'i9,390,l 2o·bl Aug.13,738,1 2 .....• 919.671,6 957,145,5 173,443,9 79,580,6 2fl•43 9 ,031,~ 9 ... ... . 92~,494,8 959,6-1.3,0 171.468,4 77,473,ti 25 9:.:1 7,126,6 16...... . 929, h 8,T6V ,246,U l 70,83s ,0 76,350,l 25 74 9,743,3 23. .. . .. 918,687,~ 94~ .269.1-< 171,5~2.2 75,24~,n 26·02 9,742,7 30.... ... 910,040,0 93~,998,5 167,4i7,0 7ti,315,4 26·03 Sept.Total . . 82.872,7 100. :rnn,o 86!l,ii4G,r\ 1G4.8 08,8 74,237.8 !)26,204,1 25·S 4/ 97,0 6 .....•. 906,374,8 ,923,398,2 161,fi93,8 73,352.8 25·43 715,0 13 ...••. 89!l,498,9l9oi:s,7o",3 155,77 :-,,::i 72,132,l 25 07 20 ... . . . 887,534,4 i:;88,871.0 150,007,2 70,568,5 24·81 def.1,642,0 COXDITION OF ,.EW YORK CITY BANKS BEG1.·.•1.·G OF 1903. 3,236,6 't.7 .... .. . 874,181,8,876,519,l 151,980,8 70,385,6 25·36 January 3, . J -,;;Oot . Cap1tal. Sm·plus. Loans. Rpecie. Leya ls. t .Deposits ,;;; 4 . ...... 872,303,7 872.176,0 151,269,9 68/•93,3 25·20 1,819,2 OOs1903. u111itte1l. - - - - -- - - - - - - - - - - - - 8- · 1,527,3 11. ....• . 874,ti47,9,8-;"2,3411,n 152,33::i,2 67,274 3 25·17 $ $ $ $ $ $ P.C. 5.608,2 Bk. of N. Y. 2,0Q0,0 2.3 6,0 17,125.0 2,421 ,0 1,3 5,0 15.893,0 18 .. . .. . . 865,450,8 86ii.125,8 154, 112,0 67,'l.77,7 25·64 24·7 25 .. .. ... 87o,9 77.6 81:!2,ti85,3 169,032,5 69,4:20,v 27 00 17,781,4 l\1anl1at. Co. 2,0oO,O 2,310,2 19,945,0 3,853.0 2,357.0 22, 83,0 27·1 l\Ierchauts' 2,000,0 1,2 9,3 12,150,8 Nov.2,434,9 1,140,0 13,746,9 26·0· 2,000.0 2,685,li 13.825,0 1,032.0 1,641,0 13,191,0 20"'.Z 21,339,1 l\Icchanic:-i'. 1. ....•. 878,fi09,7 893,791,2 l 74,fi24,0 70,262,9 27·37 1 1,500,0 3,447,2 18,li26,5 2,798,2 2,7a4, 20,826,8 26·1> 17,~52,3 Am erica.. . . 8 ....... 875,480,61885.882.2 172,204,4 67, 118,5 27·00 Phoenix ... 1,000,0 317,9 4,836,0 827,0 308,0 4,632, 0 24 r.. 15 ... .... 870,424,-l 87)-l,219,4 171,030,3 6 n,852,9 27·08 l 8,328,3 ........ 25,000,0 lo,394,5 120,836,8 20,183,2 6.232,2 102,510, 2 25·7 19,529.9 City 22 . ..... 868,217,2,875,706,1170,908,0 67,54 8,5 27·34 Chemical . . 300,0 7,36 .2 24,181.2 3,707,8 2,:1:H.n 22,894.2 26 3"15,786,3 l\Icrclt. Ex. 29 ...•••. 879,826,01883,836,8 168,840,2 67,905,3 2ti 78 600,0 306,9 5,206,7 771.5 5u0,:1 5,550,J, 24 o D ec.Gallatin. ... 1,000,0 2,119,4 7,4GJ,5 046.0 700.6 5,183;,o 2 · (), 9,973,7 But. & DroY 6 .....•. 8"1,437,0 879,762,6 162,620,8 67,2 93,6 26·15 300.0 fll,6 1,009.4 39:3,l ti2,3 2,lU0, 8 21 6, 8.386,9 ~l ech.&Trn. 13....... 879,371.5 8-;3,731,2 158,859,3 67,9 60,4 25·95 700,0 367,l 3. L51,0 444,0 3 7,0 4,010,0 20 ·7 8,093,6 G n •t>nwi c h. 20 . .... . 875,861,3 867,856,0 156 978,6 68,079,0 25·92 200,0 211,0 1,241,6 140,8 140,U 1,120,725 ,1 600,0 561.:3 5.411, 5,3,J 3,5 243.7 9,777,257 2 6.549,2 Ll'Uth.)lfr~. 27. ..... 875,321,5 865,953,6 153,744,3 69 ,293,3 25·75 7th Xat . ... 2,479.2 16 ,5 6,360,3 1, 130, 2 245.G 5,G77.4 24 :l t Thi s is the surplus in exo1>ss of 25 per cent a1?a.inst the deposits, A111 e r.Exclt . 5.000,0 3,546,:3 2!l.243,0 3, 57.0 l, 78.0 22,412,0 25·u. Government deposits being included in. the totals the same as in. the Comm erc e .. 10,000,0 7,%9,4 09,2 0,6 9,122.3 5, 71.7 56,344,3 26·o past. In the following ta.blea we show the maximum and minimum deposits and the maximum and minimum of surplus reserve for each year back to 1891, inclusive. MAXIMUM AND MINIMUM DEPOSITS OF NEW YORK CITY BANKS. - - - - - - - - - --t---E_ax_im_u_m_._ _ \ Minim·um. 1891 ... . ..... ...... ........ $455,306,300 Dec. 26 $383,491,500 June 13 1892................. ...... 543,663,100 June 18 444,370,100 Dec. 24 1893...... . ...... .... ...... 506,437,800 Dec. 30 370,302,400 Aug. 19 1894....... . .... ..... ...... 595,104,900 Nov. 3 518,524,600 Jan. 6 1895.. .•. ••. .. .. . .• . . . . . . . . 577,223,300 Aug. 17 500,822,300 Apr. 6 1896.................... ... 525,837,200 Dec. 26 438,437,600 Nov. 7 1897....................... 67n, 169,900 Dec. 11 530,785,000 J an . 2 1898....... ......... ....... 823,037,700 Dec. 31 f\58,503,300 Apr. 30 1899...... .. .... ...... .. ... 914,810,300 Mar. 4 736,836,900 Nov. 18 1900............... .. ...... 907,344,900 Sept.15 748,953,100 Jan. 6 1901••.....•......•........ 1,012,514,000 Mar. 2 , 870,950,100 J1:1n. 5 1902....................... 1 ,019,474,200 Feb. 21 863,125,800 Oct. 18 l\1AXDIUM AND l\UNIMUM SURPLUS RESERVE FOR TWELVE YEARS. Maximum. 1891 ...................... . 1892 . .... ... ········· ..... . 1893 ........ .............. . 1894.......... ·-··········· 1895 •.••...•••... ••• ••.•••. 1896•..•••.. ···•··•·•••·•·· 1897•..•......•....... ..... 1898•.••.•.•...•...... ••• .. 1899 .. ................. ... . 1900...................... . 1901 ................... .. . . 1902 .................. .... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Minimum, !j,24,089,775 Jan. 24 $3,102,750 Octi. 3 36,020,900 Jan. 30 539,050 Oct. 15 80,815,150 Dec. 30 d.f.16,545,375 Aug. 12 111,623,000 Feb. 3 32,902,650 Dec. 8 45,880,450 Jan. 26 13,413,450 Mar. 30 40,182,425 Feb. 8 8,228,550 Sept. 7 59,148,250 Jan. 30 ll,5 ::! 8,450 Dec. 24 62,206,250 June 20 4,240,400 Sept.17 43,933,725 May 27 def. 2,788,950 Nov . 11 30,871,275 Feb. 3 2,686,425 Mar. 17 30,799,450 Jan. 26 . 5,211,525 July 6 26,ti23,350 Feb. 1 def.1,642,050 Sept. 20 Total .. 10~,251,0 121,964, 75,352,1 154;098,7 73,473,9 1 73,115,0 26 ·1 t '.rota! l:uite1l States deposit:; iucluded $40,lu0,20U. CROP AND OTHER P.RODUCTIONS. CEREALS, IRON AND COAL PRODUCT. THE HAR VESTS OF 1902. · errors had been cumulative, extending over the The Atz:rlcultural Bureau's final estimates on the whole of the deoi1de, not alone the 1901 figures were crops of 1902 confirm and emphasize the general con- in need of col'rectlon but likewise those for the yeara . clusion that in agriculture the year was one of plenty preceding. and abundance. The contrast fs peculiarly striking CROPS OF WHEAT, CORN, O.A.TS, BARLEY .A.ND RYE. with the previous year, when, by reason of the disasTotal 1900. *l.1101. 18119. 1902. 1898. trous drought of 1901, the agricultural yield had been Proauc«<m. -Bushels. Bushels. ahels. u · B Bmhela. Bushels. one of the very leanest on record. Corn ...... .. .. , 2,628,648,812 1,622,619,891 2,105.102,616 2,07R,U8,988 1,924.,1~,660 The corn crop at 2,523 million bushels is over 1,000 Wheat •.. . •.••• 670,068,008 748,460,218 622,229,505 6!7,303,841< 676,UR,705 ............ 987,8'2.7l2 736,808,724 809,1115,989 796,177,718 780,906,6!1 million bushels In excess of the small production of Oat, 811.rle:,••••••••••• 18',954,023 109,989,924 68,925,BS.'3 73.891,668 66,'792.1157 23,095.09'7 89,844.830 83,680,692 16,667,62i 28,961.70 •••• •••••••• l{:,e largest very of 1901. It ls also, however, In exceas l!Sri.1P8.647 4 ..•.••••.. Tnt1tl ::I, 167,0f!6,6F-7 S.61ll,!t711,770 ll.518,IHIB.'iWI :-1,411.689.787 Agrlculthe by year previous any in reported yield are the revised ffgures of the Agricultural Department, issued a:tter t Ura1 B area U • If We t Sk e th e CenSUS SS a g Uide the the• These Census declared the results for 1899, showing much Jarller totals than tho!a prod uctlon for 1902 at 2,623 million bushela does not o:tthe Department: berore revlsl'>n the Oep>trtment's 11.:ures tor 19JJ. wer~ equal the crop raJsed in 1899, which, according to the much lower. No cban_i<es made in previous yeara. It will be seen from the foregoing that the aggreCensus authorities, was 2,666 millions. Such a com:parison, though, between the figures of one bureau gate of the five crops for 1902 is 4,350 million bushels, and those of another obviously possesses very little as against only 3,167 mil lion bushels for the poor value. The Aerlcultural Bureau m~de the 1899 crop season of 1901. In the three years immediately preonly 2,078 million bushels, as against the Census ceding-that is, 1900, 1899, 1898-the aggregate was, total of 2,666 ml1llons. There is g<'od reason for be- roup-hJy, 3,600,000,000 bushels each year, according to lieving that the Census figures were nearer right than the estimates of the Agricultural Bureau. We have those of the Agricultural Department. B11t If the already given the reason for thinking that the amounts · Department's figures were much too small In 1899, it should have been larger. The Census aggregate for appeara likely that they are also too small for 1902, 1899 on the same five crops would be 4,~U3,667,4 though perhaps not to the same extent. The Bureau bushels, as against the Bureau's 3,518,968,796 busheia la pr·one to under- estimate all the results, and no for that year. There is one other particular in which the year w11is don.bt a Uberal addition may safely be made to its 1902 figures, large though these be. The first oonolusion, a good one for the farming Interests. We refer to therefore, would seem to be fairly justified, that the the fact that on account of the previous year's de1902 corn crop may be considered to be the very best ficlenoy prices were maintained at tolerably high fiiures. The Bureau makes the average of farm on record. The oats crop ls another one of the country's lead- values for the 1902 production of corn 40·3 cents per ing productions which for 1902 far excels that of any bushel; this, while It compares with 60½ cents in previous year. In this case the statement is true 1901, contrasts with 35•7' cents in 1900, 30·3 cents in whether we use the Department's figures for the 1899, 28•7 cents in 1898 and 26·3 cents in 1897. In Census year or the Census figures. The Census made the ca 3e of oats the comparison is much the same, the the 1899 oats crop 943 million bushels, the Bureau average being smaller than for 1901 but higher than made it 796 million bushels; for 190.2 the B 11reau's for any of the years fmmedlateJy preceding. The estimate is 987 million bushels, or but little short of averages for wheat the Department puts at 63 cents, an even 1,000 millions. The wheat crop of 1902 did 62•4 cents and 61 ·9 cents, respectively, the last three not equal that of the previous year, wheat having In years. Much of the 1902 crops of course remains 1901, as wlll be remembered, been an exception to the to be marketed and sold. Still, while no one can season's general crop shortage. The Agricultural spea~ with absolute certainty of the future It seems Department makes the whi3at total 670 million certain that farmers wlll be able to dispose of their surplus at fair prices. Tne sltuitlon thus is that the bushels for 1902 and 148 milllon bushels for 1901. As affording a general survey of the crop situation agricultural interest wlll enj :>y the double advantage Ior 1902 and 1901, we furnish the following summary of large yields and good prices. covering corn, wheat, oats, barley and rye. We also AVERAGE PRICES R ECEIVED BY FARMERS AND PUNTERS. add the Bureau's estimates for 1900, 1899 and 1898, though It should be distinctly understood that these 1902. 1900. 1899. 1898. 1897. 1901. - --- - - - - - - - - figures for the earller years were given out before the - - - - - - Cents. Cents. Cents. Cents. Cents. Cents. 80·8 58·2 t>3·0 61·9 62·4 58·4 Wheat, per bushel Census results for 1899 were known. After the Rye, 44.·7 4.6·3 M•4 51·0 51·2 55·7 per bushel. ..• 21·2 ·5 25 30·7 24·9 25·8 ... bushel. ver 39·9 Oc1,ts, Census figures for 1899 were declared, the Agricultural Barley, per uushel. . 45·9 4fl•2 40·8 40·3 41·4 37·7 26·3 28·7 40·3 60·5 30·3 35·7 Bureau revised its.1901 totals, ad.din~ several hun- Corn, per bushel. ••. dred million bushels to the amounts previoudy tndl· In the following we furnish a comparison of the oated, but no revision of figures for the ear Her years has ever appeared. Obviously, as the Bureau's iotalsof the three leading crops~wheat, cornand oats, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 36 CROP AND OTHER PRODUCTIONS. and also cotton (which lat.tar tor 1902 will also be an unusually large tota.1)-for each of the last 24: years. For the Census years 1889 and 1899 we show both the Oensus results and the Agricultural Bureau figures. ~ CROPS OF WIIEAT, CORN, OATS AND COTTON SINCE 1878. Year. 1879 (Census) 1880.... ...... 1881. .•. .. . . . . 1882 .......... 1883.......... 1884 .......... 1885....... ... 1886 .......... 1887.. •. .. . . . . il.888. ... .. .... Wheat. Bush. Bush. 459,483,137 498,549,868 38 3,280,090 504,185,470 421,086,160 512,765,000 357,112,000 457,218,000 456,329,000 415,868,000 Oats. Cotton. t Bush. Bate,. 1,754,591,676 407,858,999 5,757,397 1,717,4.34,543 417,885,380 6,589,329 1,194,916,000 416,481,000 5,435,84~ 1,617,025,100 488,250,610 6,992,234 1,551,066,895 571,302,400 5,714,052 1,795,528,000 583,628,000 5,669,021 1,936,176,000 629,409,000 6,550,2UI 1,665,441,000 624,134,000 6,513,623 1,456,161,000 659,618,000 7,017,707 1,987,790,000 701,735,000 6,935,082 2,112,892,000 751,515,000 l I 2,122,327,547 ~ 09,250,666 5 7,313,720 1890...... .... 399,262,000 1,489,970,000 523,621,000 8,655,616 1891. .•....... 611,780,000 2,060,154,000 738,394,000 9,038,708 1892 .. ····· .. . 5°15,949,000 1,628,464,000 661,035,000 6,717,147 1893 .......... 396,131,725 1,619,496,131 638,854,850 7,527,212 1894.. .. ...... 460,267,416 1,212,770,052 662,086,928 9,892,761 1895.......... 467,102,947 2,151,138,580 824,443,537 7,162,476 1896 ..•....... 427,684,347 2,283,875,165 707,346,404 8,714.011 1897 .. .. . ..... 530,149,168 1,902,967,933 698,767,809 ll,180,960 1898 .......... 675,148,705 1,924,184,660 730,905,643 11,235,383 1899 ........ i 54,7,303,846 2 ,078,143,933 796,177,713 l 1899 (Cens.) 5 6'>8,534,252 2,666,440,279 943,389,375 5 9 ' 439 ' 559 1900. --- . .. . . . 522,229,505 2,105,102,516 809,12~,989 10,425,141 1901" ......... 741-l,460,218 1,522,519,891 736,808,724 10,701,453 670.~63,008 987,842,712 I1902 _ _.......... ____ _ _ _ _2,~23,648,312 ______ _ _ _ _.••••••••••. _ __ H~~·(ceiis:)} !~i:~~g'.g~g f * ~hese are the revised grain figures of the Agricultural Department, -Issued after the Census reported its results for 1899, showing much larger totals than those of the D epartment. t These are our own figures. t l 1 To complete our analysis we give the yield for the _la1t five years by States for the leading crops. In this '-0ase the comparison is confined to the figures of the '. Agricultural Dapartment, which, as already pointed '.out, were revised for 1901 (in order to make allowance in,; a measure for the dl1crepanciea disclosed by the 'census in the Department's estimates for 1899), but '.not for the earlier years, these htter being given jus~ as originally announced by the Department. t One feature in these State comparisons is that they •erve to bring out in a striking way the abundance :enjoyed by the great producing sections of the Middle ~eat. Illinois, Indiana, Ohio and Mlssouri all show t:n the case of corn not only 1n immen1ely larger yield ~hari in the season preceding, but also larger than that of the sea~ons preceding. In a measure, too, this 1 iemark applies to the oats harvest. If the Dapart'ment'a figures can be relied upon, the Central B~lt also raised a good deal more wheat than in 1901, the loss in the total for the whole country following mainly from a reduced yieH in K\nsas (which is credited with a crop of only 4:6 million buahels in 1902, as against the extraordinary total of 99 million bushels in 19)1) and a reduced yield in Clilifornia, the crop of the latter being plaoed at but 22 million bushels, as against 34: mUlion bushels. _________ _____________ CORN CROP FOR ll"IVB YEARS. ......;.._ I l ProOo,on. duction. Production, Procluc«on, 1902. 1901. 1900. -----1---B-u.,hel.l. Iowa............ llllaols..... .... Kanau......... llllsourt....... Nebra■ka....... bdl&na---···· Ohio .••• _..... t.'ens........... 'l'ennel!lee..... Kentucky...... PennaJlT&nla.. ·A rkanaas...... Whoonatn.. •. . Klohlgan._ ... , ·lllnneaota..... 297,686,016 872,486,U6 222,805,621 264,282,605 262,520,178 171,332,UZ 121,608,612 44,867,U5 78,081,3211 90,098,8117 158,668,426 ~.6155,042 42,i25,Stll 85,193,81' 88,826,~69 Buihel.l. Bushdl, 280,264,55( 805,869,9{8 198,0i6,713 264,176,226 61,508,084 163,870,680 66,486,8~6 180,710.4'04 109,1U,S40 110,iS0,06, 87,753,541 153,200,800 80,818,802 1011,800,188 60,050,996 81,962,910 45,129,588 ., M,997,880 49,675,178 69,267,2U 61,003,830 82,707,9i!O 18,702,121! 45.225,9!7 40,021,152 49,M7,240 45,586,55~ 88,1:88,460 S5,i97,466 Sl,79{,708 Produc«on, 1899. Bushel.I. 242,249,941 247,150,392 137,1121,222162,915,064 224,373,268 Ul,852,594 90,048,816 81,161,398 59,997,760 65,392,687 40,266,872 48,087,UO 41,656,365 26,476,850 81,172,272 Procluctiotl, 1888. Bmhela. iM,999.850 199,959,810 132,842,048 154,781,i86 t58,75i,666 129,154,572 102,828,489 105,836,700 76,467,7~2 85,177,248 45,190,18:1 45,865,220 85,827,425 83.840,604 80,582,000 [ Tot.al ••••••••. 2,Ulll,422,776 1,179,257,7,8 1,791,580,529 1,730,480,981 1,500,007,940 All others..... $7,225,586 SiS,262,163 818,571,987 847,712,952 83i,17a,720 "otal U. 8 ..... 2,523,648,SU 1,622,519,89 2,106,102,516 2.078,ltS,983 1,924.184,660 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis WHEAT CROP FOR FIVE YEARS. Wheat ProducHon, Pro- Pro- duction. duction, Pro• cluction, duction, 1002. 1001. 1900. 1899. 1898, 88,633,1>51 81,932,800 80,102,627 99,079,SOf 84,7t8,lll 80,052,058 59,810,669 51,662,307 81,187,097 13,702,939 28,660,797 17,158,065 7,5i6,874 42,008,88~ 84,t,18,9c18 il,HS.101 8,522,576 6,fll,702 51,509,25~ 82,4'88,655 28,648,628 17,982,068 18,176,213 20,U9,684 18,846,718 9,271,76,i 20,251,834 16,198,012 13,166,59P 2!,801,900 25,096,661 !1,798,223 39,998,00tJ 25,861,175 68,223,581 86,4.69,0'4 83,748,009 12,61ffi,UO 151,758,680 37,728,389 11,898,'i02 13,385,198 20,4'72,92S 21,949,586 11,778,882 20,791,776 21,710,394 18,195,4'89 Bushdl. Ohio ............... , • .. . 86,838,879 lndiana.................. 35,484,448 '.\flnnesota.......... .. ... 79,7H,404 1Can11as... .... . .. .. . . . . . . . 45,827,496 Calllornla.. ... . .... ..... 112,874,201 n11not11................... 82,601,932 ~orth Dakota.......... 62,8'12,2'1 ~utb Dakota.......... . 41,978.083 Missouri................. Michigan.......... .•.•. . Pennsylvania........... Oregon... .. ... .......... Wlsoon11ln... .• •.. ... •. • Nebraska •• .. •.. • •• •• • Washington ...... . ..... Cowa........... •••••••••• 116.'i6fl,f94 18,693,!18 24,628,171 15,512,4'60 9,655,<i94 G2,?26.451 21,672,187 1',889,945 -Bmhdl. - - -Bwhels. ----Bwhel.l. Pro- Bmhdl. 4!,108,l?a 88,426,029 78,417,911 8',939.Ut 12,224,401 19,8&,84! 55,664,441 {2,040,921 14,10f,i54 84,061,861 26,609,944 2i,708,26t 18,689,ffl 84,679,sot 28,453,041 22,189,824 Total ................. 575,242.458 616,825,288 378,2!5,284 4.45,574,489 5'6.6S7.091 All other■............... 94,820,MS: 182.184,980 143,984,221 101,i29,35i 128,511,00'I Total Unlt!d States ..~0,063,008 7t'3,i60,218 5~2,22~,506 5t7,3~,84t 675,148,7~ OATS CROP FOR FIVE YEARS, ProOau. d 1cUon. 1901.. Bmhel,. Procluction. duction, Procluctwn. 1901. 1900. 1899. Bushdl. Pro- -BUBhel.a. - - -Buahels. -- Prt>dueUon 1898. BuaheZ.. m1nots ................ . 11>3,460,423 112.~t,903 lSS,642,884 127,278,948 t!8,803,67t lowa .................... lrllnneaota ... .. .. . . .. .. .. Wl■oonsln...... ........ Kan1&1. ... ... .. . . . .. . . . Ohio ..................... Mlnourt..... ............ Pennsylvania ........... New York... . ........... Michigan............ . ... Nebraau................ [ndlana............. •• .. . North Dakota........... South Dakota........... 1:U,7S8,SS7 82,259,697 95,087,810 31,520,118 46.4.(19,791 27,8ld,165 46,066,182 52,982,5W ,o.s,o,1ai 62,121,dOl 48,5115,685 29,487,402 24,100,844 Texas........... . ........ 10,807,861 I22,80i,M4 65,734,017 66,6,l7,881 17,88?,410 85,217,878 10,197.U6 98,665,656 28,049,1187 28,745,008 s9.065.ft2 89,683,022 23,676,GtS 19,564,,111 13,862.678 130,572,138126,985,7"'9 128,'28,1241 n,907,016 52,688,ne 66,298,1178 61,971,552 67,687,880 64,848,22' 48,063,9!8 89,129,410 26,689,fll! 40,840,634 82,9'15,976 27,72i.16t 2-l,695,878 20,299,850 15,866,188 38,000,872 89,US.082 97,098,901 '4,588,974 45,401,608 SS.726.541 ss,689,536 80,599,048 97,782.66G 87,778,572 51,474,120 56,2'5,0il '4,866,085 84,801,2id Sl.OSS,e68 6,.299,28, 17,llfl7,IS70 15,060,591 12,658,261S 16,882.2?8 16,126,578 28,278,282 17,067,975 21,121,6St Total ................ 88,.638,11318'1,80'1.47612.2,ws,241118,s:n.208 687,068.flBII A.11 others ............... 10l,1I09,t591 91.001,9'8 86,827,748 77,8~,505 98,852,968 Total U. 8 .............. 987,8'2,712 786,8(18,724 809,125,989 796,177,?IS ~ THE MAGNITUDE OF OUR IRON PROD UO'IION. The American Iron & Steel Association has made public the statistics of the countr:,'s pig iron pr('lduction for the late calendar year as compiled by Mr, James M. Swank, its Ganeral Manager. The results are as expected-that is, they show that the make of iron in the United States was of unprecedented and extraordinary proportions. The total fell but little short of 18 million gross tons, the exact figure being 17,821,307 tons. There was an increase, roughly, of two million tons as compared with the calendar year 1901, which latter in turn had shown an increacie of somewhat over two million tons compared with the calendar year 1900. In other words, in 1902 the United States produced four mlllion tons more of iron th&n two years before. The fact becomes additionally significant when it la recalled that the 1900 make of iron (13, '189,242 tons) had been the largest ever reached up to that time. Considering the many retarding ciroumstanoea which prevailed during the year, operating to restrict the production, It muat certainly be considered noteworthy that It should have been found pos1ible to turn out so much iron. Mr. Swank deems It remarkable that there should have been such a large Increase when there were such serious adverse conditions to contend with, chiefly lnadeq aate transportation facilities, resulting In a short supply of coke and Iron ore and the banking for longer or shorter periods of many furnaces. The anthracite coal strike also seriously interfered with the activity of many Eastern furnace■• CROP A:ND OTHER PRODUCTIONS. As bearing on the magnitude of tne 19U.2 total., a statement made by Mr. Swank in his present re• port, and which embodies a comparison made by our• selves on some former occasions, is highly suggestive. The read~r may recall that in the calendar year 1901 the United States produced more pig iron than Great Britain and Germany-the two other great iron pro• ducing countries of the world-combined •. With the further increase in output which occurred in 1902 it is possible to say that this country made more pig iron than Great Britain and Germany, supplemented by Belgium. The United Kingdom in 1901 produced 7,761,890 gross tons of pig. For 1902 the output of that country was presumably somewhat over 8 million tons. The production in Germany and Luxemburg in 1901 was 7,860,893 metric tons and for 1902 it may be estimated half a million tons more. Belgium's output in 1902, we should judie, was in the neighbor. hood of 1¼ million tone. Hence the statement that the output of the United States at 17,821,307 tons was in excess of the combined make of iron in the same period of twelve months of Great Britain, Ger• many and Belgium seems well within the mark. In fact we may go a step further and declare that neither Great Britain nor Germany produced as much lion. in the whole of 190.2 as did the United States during the last six months of that year. During those six months, notwithstanding all the hindrances and drawbacks already referred to, 9,012,733 tons of iron were made in the United States. This is a mi1llon tons in excess of Great Britain's output for the twelvs months and half a million tons in excess of that of Germany. We may add that Germany has never as yet produced nine million tons of iron in any full year, and that the United Kingdom but once reached that figure, namely 9,421,435 tons in 1899. Indeed, as re9ently as 1897 our own make of iron was not much in excess of 9 million tons per annum. We give below the half-yearly totals b11ck to 1888. PRODUCTION OF PIG DlON IN HALF-TE.ARLT PERIODS. Gross Tons. 1888-lst half .. __ .. __ ••• 3,020,092 2d half.- ••••...... 3,469,646 1889-lst halt ...•...•••. 3,661,603 2d half ............ 3,9i2,039 1890-=lst half ...•...••.. 4,560,513 2d half._ ......... .4,642,190 1891-lst half ........... 3,868,107 2d half ........... .4,911,763 1892-ht half .......... 4,769,683 2d halt' ...... _.. -- .4,387 ,317 1893-lst halt;.. - •. ·---··4,562,918 2d half. __ .• __ .. __ . 2,561,584 1894-lst h&lf •• ·-·······2,717,983 2d half. __ .. __ .. __ , 3,939,405 1895-lst half .. -·· ... - .. 4,087,558 2d ha.lf .. _··-······5,358,750 Gross Tons. 1896-lst half ........... 4,976,236 2dhalf -······ .. - · 3,646,891 1897-lst half ... - .. -·-··4,403,476 2d half· -··---· . . . 5,249,204 1898-lBt half ........... 5,869,703 2d half ............ 5,904,231 1899-lst half ......... -.6,289,16? 2d hall._ •.• __ .. __ . 7,331,536 1900-lst half._ ..... - ... 7,642,569 2d half ... _....... 6,146,673 1901-lst half ...........7,674,613 2d half....... . 8,20 c! ,741 1902-lst half ........... 8,808,574 2d half ..•..•• . .... 9,012,733 If production was of extraordinary proportions, consumption was of still greater magnitude. The de• mand _all through the year was far in excess of supply. This ls well shown in the situation which developed as regards unsold stocks. Mr. Swank reports that the American Pig Iron Storage Warrant 1.Company held no pig iron whatever in any of its yards on De• camber 31 1902. He also points out that this is the first time since its organiMtlon in 1889 that the com• pany has not held at least a small quantity of pig iron in its yards at the close of a calendar year. At the end of 1901 it had 3,000 tons. As for the stocks of pig iron unsold in the hands of manufacturers or under their control, the amount, which had been exceptionally small at the beginning of 1902, was still further reduced, the aggregate December 31 1902 being only 49,961 tons, against 70,647 tons December 31 1901 and 442,370 tons December 81 1900. The 49,951 tons ls less than a single day's product. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 37 As a res1l1G o! tn1s s&ate of thia 6 a ( whicn euended to steel as well as to iron), it became necessary to sup. plement home supplies of iron and steel with large importations from abroad. Of pig iron our imports for 1902 were 6.26,383 tons, as against only 62,930 tons in 1901 and 62,665 'tons in 1900. Taking iron and steel in all lts forms the imports were 1,213,266 tons in 1902 against 221,297 tons in 1901 and 209,955 tons in 1900. Our exports at the same time were heavily diminished. Of pig iron we exported only 27,487 tons, against 81,211 tons in 1901 and 286,687 tons in 1900. Of steel our shipments were 2,409 tons in 1902, against 28,614 tons and 107,385 tons, respectively. Taking all the shipments reported by weight, the exports were 372,811 tons, against 700,852 tons and · L,154,284 tons in the two years preceding. Allowing for the changes in stocks and the imports and exports, we get the following comparative statement as to the ·domestic consumption of pig iron. PIG IRON PRODUCTION, STOCKS, IMPORTS, &~. 7bns 0t 2,240 P'nds. 19~2. _ _ 1901. 1900. 1899. 18~~ 1897. Stock of pig Jan, 1. 78,6t7 4.46,020 68,309 415,833 874,ll78 847,686 Product'n dur'g yr. 17,Slill,307 15,878,354 1878Q2l2 13,620,703 11,778,98:l 9,652,680 ------------ ------ Total supply..... . 17,894,,954 16,324,,374 1385755114,036,086 12,648,912 10,500,366 Stock end of year. 49,051 78,64i !46,020 68,308 415,333 874,978 C'nsum.ofhomeplg 17,815,003 16,250,727 13411531 13,967,727 12,233;579 9,625,388 Cm ports of pig...... 625,383 .62,QSO 52,5e5 40,S , 3 ~ 5,152 19,212 Total.. .............. 18,4,70,896 16,813,657 13!1l4o096 U,00~,lW 12,1368,731 9,6'4,600 Exports of pig...... 27,487 81,211 1!86,687 228,678 9:)if,057 . 282,!SSS Domesticconsump. 1~.4 1 2,~99 16, 9 32,4411 L0 177409 1P,77P,442 12,0011.674 P,881,7U t Partly estimated. The foregoing serves to reveal in a graphic way how very striking has been the home demand for iron and steel, the consumption of pig metal having been 18,442,899 tons in 1902, against 16,232,466 tons in L901, 13,177,409 tons in 1900, and but 9,381,714: ton ■ in the calendar year 1897. If in place of the exports ~nd imports of the pig metal we should substitute the exports and imports of both steel and iron in all its forms, the contrast would be still more striking, for in 1902 the imports . exceeded the exports in amount of 840,4'4 tons, whereas in 1901 exports ex• ceeded imports by 479,M5 tons and in 1900 by 944:,329 tons, as will be seen by the following. IMPORTS AND EXPORTS OF ALL KINDS OF IRON AND STEEL, mo~. Imports .• . . . •.•.•• 1,218,256 Exporte ........... 872,811 1901. 221,297 700.f 52 1900. 209,955 J,154,284 1899. 173,220 1142,669 1898. 144,895 881,222 1897. 157.834 616,605 ... ..... 479,565 944,329 769,469 736,887 458,771 Excess of exports Excess of imports 840,444 In the matter of prices there was a sharp advance tn values, notwithstanding the effort of the United States Steel Corporation to prevent an undue rise. Taking theJeading grades of iron and steel., values for 1902 averaged '5 to 16 a ton higher than for 1901. Thus the average of steel billets was t30 67 against $24 13, and the average of gray forge pig iron (Lake ore) at Pittsburgh was $19 49 against $14 20. In the case of steel rails, where the influence and authority of the United States Steel Corporation were effective, there was no change all through the year from the schedule price of $28 00 a ton at the mills. It is worth noting that this was actually far below the average price for the twelve months of steel blllets from which the rails are made. The following shows the annual averages on certain staple articles of iron and steel for each year back to 1895. It will be noted that prices for 1902 are in many cases double those four years before in 1898. In the later months of 1902 some falling off from the extreme high figures occurred. _ CROP .A.ND OTHER PRODUCTIONS. 38 AVERAGE YEARLY PRICKS OF IRON AND STEEL, 1902. 1901. 1900 S Mtklu- S S 1895 TO 1902. 18119. 1898. 1897. 1896. 1895. $ $ t S S Old lron Trails at Phlla .. ton.23 83 19 :!2 19 ~1 20 36 12 S9 12 !19 14 16 H 09 No.lanth.fdy.pigatPhl.L." 2219 1587 1998 1936 Gray forge pig iron atPhil. •• 19 20 14 08 16 49 16 60 Gra:, forge pig iron, Lake ore, at Pittsburgh ...... " 19 4P 14 20 16 90 16 72 Beasem'r pig iron at Pitts. " 20 67 15 93 19 49 19 08 Steel rails ~t mills in Pa .. •• 28 00 27 33 32 29 28 12 8t'lbllletsatmillsatP!tts ... 8067 2113 2500 3112 Best refined bar iron from 1116 2 07 store at Phlla ......... 100 lbs. 2 18 1 H 1 IJ~ 1 80 2 Ui l lJ5 Beat re'd bar iron at Pitts. " 1166 1210 1295 1310 10 28 10 48 11 09 11 49 9 18 9 OS JO 39 10 88 10 13 12 14 1 ~ fl2 18 76 28 00 1631 1508 lHSR 10 94 12 72 24 83 1848 1 40 1 21 I 44 1 2f> l 2S 1 07 1 31 110 As regards the production in the different Btatt-s, the South during 1002 made a distinct advance. Al together the Southern States turned out 3,034,574 tons of pig iron, against 2,678,864: tons in 1901 and 2,604,611 tons in 1900. All the other leading pro ducing States, however, also greatly increased tht-ir output; Ohio alone made nearly 600,0D0 tons more iron than the whole South, that State's product hav ing been 3,631,388 tons. Pennsylvania, of course, still stands far in the van, having no lees than 8,117 , 800 tons to its credit, this comparing with 7,343,257 tons in 1901 and 6,365,935 tons in 1900. PRODUCTION OF PIG IRON BY STATES. Tom of 2,210 Pownda. 1902. 1901. 189tl. 1900. - -- -Ton.•. - -'Jons. - - - -'JON. -So.StatesTons. 1899. I 1897. Tons. 18&6. Tu11,11. - - --Tons. Alabama..... 1,472,211 1.225,212 l,184,33i 1,0~3905 1,033,67r 947,831 922.l'iO 365,491 211." ,2i4 307,610 l,86,277 fll0,617 Virginia .••.. 1137,H6 448,6~2 2!11:1,338 346,16t 263,438 27l,l3 8tl2,1£0 Tennessee . .. 392,778 337,13[! 166,, 58 187,85!- 192,69~ 132,907 109,569 W.Virginia .. 183,005 16~,f 1:17 100,724 70,060 35,899 71,5f2 6fl,4P2 lU!,011• 110,726 Kentucky ..•. 15,593 17,092 13,762 Georgia ...•.. 17,835 { ir,338 } 32,3L6 28,984 2,151 N. Carolina .. ····· · . 79,472 ~34,477 190,974 193,702 290,073 Maryland .... 803,929 303,'l-6 6,175 5,1711,221 8,09b 10,150 5,80 · 2,273 Texas ....•... -Total •...... 3,0:!4.574 2,5,8,8e4 2,604,671 2,860,55~ 2,083,726 1,913.34.6 1,834.451 ..... -- ----- Pennsylv'nia Ohio •.. ..... . New York .. . New Jersey .. Illinois ...... . Michigan .... Wisconsin ... Missouri .... . ..A.II others ... -- ,..,,.,-r,....., 8,117,800 7,3!3,25i 6,365,936 6,558.878 5,537,832 4,631,634 4,()24,166 2,!170,1111 2,37~,212 1,986,358 1,372,889 1,196,326 264,346 228,0ll 213,31» 206,075 292,827 iOl,869 283,6r2 11n.s,o 155,ua li0,2tl2 127.591'- 100,tl"'l 05,t96 59,168 1,730.220 1.506,850 1.363,383 1,442,012 1,365,891- 1.117,239 925,289 134,44:l 147,64• 182,578 149,511 155,21 '{ 170,7tl2 163,712 t278,91-7 +201,5,1 +18!,794 t203,17b 172,7!<] 103,909 158,484 12,548 23,683 •269.930 •203,409 •159,204 *138,880 •141,010 57,164 18,202 9,Pl/7 12,605 13,54.3 11,828 15,{46 ------- --- --- GrandtQt.J\J l78tl!lll 15f-7~35t J 3, ?8~.24-2 13.6'l0.703 ll77393-1 9.r52.680 8.623,127 t Including Mmnesota. • Including Colorado and S1 ate ot Washmgton. ANTHR.AGI1E GOAL PRODUCTION IN 1902. With everybody in need of coal, statistics bearing on the anthracite prodnction possess more than an academic interest at this time. The figures for the calendar year 19G2 are now available, and they reveal in a signHicant way the reasons for the prevailing scarcity of coal. The anthracite coal miners' strike as everybody knows, lasted !rom the 12th of May 1o the 23d of October. Thie was a period of neatly five and a half months. After the termination of the strike, mining was resumed on an extraordinary scale. Nevertheless, it appears that only 31,200,890 tons o! anthracite in the aggregate were shipped to market during the calendar year 1902, as against 53,563,601 tons in the calendar year 1901. Here then was ~ shortage in amount of 21 million . tons. The follow ing table shows the annual shipments to market fur each of the last thirty years: rear. Tons. 1902•.•••.•••..••••••.••. 31,200,890 1901. .......... .......... tl3,tl 68,tO l 1900........ ............ .45,107,486 1899............... ..... .47,665,203 1898 ..................... 41,899,751 1897..... ............... .41,637,866 1896...... .............. .43,177,483 1895........ ...... : ..... .46,511,477 1894............... ..... .41,391,200 1893•••••...••..••..••..• 43,089,536 1892.. ................... 41,893,320 1891. .••..•••.•••••••••. .40,448,336 1890••••..••..••.•••..•• . 35,855,174 1889•...... .............. 3f\,407,710 1888............... ...... 38,145,718 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Year. Tons. 1887... .................. 34,6U,017 1886•...•...••..••...•••• 32,136,362 1885•......•..•••••....•. 31,623,529 1884. ..•••.........•...•. 30,718,293 1883 ...•........••...•... 31,793,027 1882...•..••...•..••...•. 29,120,096 1881. ..•...•..•....•..... 28,500,017 1880•..•..••...•..••..••. 23,437,242 1879......•.••...•.•••••• 26,142,689 1878 ...•..••..••..••.•••. 17,005,262 1877...••.••... •. .•••.••. 20,828,179 1876•..•..••.•••.•••..••. 18,501,011 1875 .........•.••••...••. 19,712,472 1874•..•.•••..•••.••..•• . 20,145,121 1873•.••..•••...••••••••. 21,227,952 It wul be OOilerved thi.t it is necessary to go back to 1884-that Is 18 years-to find a total as small as. that for 1902. It is needless to say that there were no stocks at tidewater shlpplng points on January 1 1903. On January 1 190.2 the amount bad been 415,767 tom; January 11899 the total was 706,65 tons. With coal-mining; suspend(d for 10 long a period of time the percentages of the total output of the different carrying interests naturally varied greatly from. the ratios of the years preceding. These percentages. too, under the peculiar circumstance1 existing, possess very llttle significance. In order, however, to keep up our record we glve the following, showing the amounts carried over the difft3rent roads in 1902, as compared with the three preceding years. TheDcla.ware Lackawanna & Western, it will be seen, sufferecl relatively leas than any other carrier. .--1902.-----. .--1901.~ .--190/1.~ P. 0. 'll •'TIB. T .. w. P.O. 'Jn'Tls. P.O. H.eading.. . .... 5,1109,401 18·9! 10,971.007 2u·!l8 9,338,517 ~0·70 Lehigh Valley. 4,631.635 H:Sl 8.310,34:J 15·51 6,909,444 15"82 Central N. J .... 3.620,986 11"63 6,160,037 11-50 6,8119,856 11•-;7 Del. Lack. & W. 6,152,498 16·61 7,631,736 H·06 6.01S,8i9 13"33 Del. & Hudson. 8,090,601 9"111 6,007,622 9-35 3,973,859 s·s1 Pennsylv. RR . 2,610,234 s ·37 6,647,125 10·5{ 6,169,9!7 11"46 {2,090,158 4·64 Pennsyl. Coal. Erle.•.. . . ...• · 3.814,150 12·22 6,841,593 10·91 1,741,069 S·86 1,3S3.f-148 2·!15 . N. Y. Sus. & W. N. Y. Ont. & W. 1,627,478 6'22 2,508,¾77 4"68 l,6:IB,456 s·68 1,668,488 3·4s 2-97 l,{>90,862 2·86 785,CO! Sch. Del. Susq.& I .--1899.~ 'Jons. P.O. 9,683,503 20•32 7,687,932 16•92: 6.392,530 11•31 6,872,401 13•37 4.132,469 8·67 6,159,102 10"82 2,347,081 4•9a-· l.M9,876 4·09l,45!,374 S·06 1,801,478 3•97 l,694,4a7 S·66"· Total •.••••. 81,200,1:90 100·0 68,668,601 100·0 46,107,486 100·0 !l7 ,666,208 100•0-· As far aa prices are concerned, the ncord is in some respects phenomenal. Qa.lte recently retail dealera have charged 110 to $12 a ton. J ast before the termination of the strike, that is at the beginning of Octobt r, some small amounts of coal were aold at retan as high as 126 a ton; in fact those who held coal at that time could get almost any price. It la not, howe·fer, these extraordinarily high prices that con- . stitute the most noteworthy feature of the year. Thefact upon which we would lay emphasis ie that while fancy prices were being paid for coal at retail, the coal companies sold at wholesale at ooly a very alight advance over previous figures. The usual spring circular was issued the first of April fixing the price of egg, stove and nut coal at.Ii 60 a too, with graded discounts starting with 60 cents for coal bought in April and diminishing 10 cents Ior each succeeding month thereafter, until on September 1 the full_ circular price was to be charged with no discount allowance whatever. This was the eame arrangement as in 1902, but of course there was no opportunity to carry it into effect, the strike breaking out in May. In October, on the resumption:of mining after th& strike, the coal companies made an advance of 50 cents, bringing the prices for egg, stove and nut up to $5 00 a ton, and this figure was thereaf-ter kept unchanged. The individual operators, as is known, after the closeof the year, that is in January 1903, broke away fromtheir arrangements with the coal companies, and exacted as high as $10, tlland $12 atonatwholeaale. This gave the retail dealers their opportunity to still further · increase the price to the consuming public, of which. they were not slow to avail themselves. The contrast. between the policy pursued by the coal companies,. who adhered to their determin:a tion not to take advantage of public necessities, and the wholly different. policy pursued by the independent operatore, is well indicated in the statement credited to an individual operator, that the coal companies might sell coal at.to a ton to the poor, the individual operators wouldl sell at '10 or *12 a ton to the rt.ch. PRODUCTION OF- GOLD AND SILVER. UNITED STATES AND -<JOLD .AliD SJL VER PRODUCTION IN THE WORLD FROM JAN. 1881 'l'U DEC. 1902. The world'1:1 new gold supply, as our readers are aware, has during 1902 taken on.a fresh growth. For very nearly two years and a hall (beginning with -October 1899 and continuin& through 1900 and 1901) a marked decline in the product has been a notable fact. With so material a setback in the outflow from the mines, and with the volume and values of the world's business previously adjas ted to the much larger and annually increasing outflow, it can be no aurprise that the loss in new supply made itself felt in financial affairs. Of .course 1there were other contributory happenings which helped the monetary etrain that followed. A notable event in the industrial world seldom if ever finds its fn.11 explanation in a single influence. In this case the loBB In the product was also attended by increases in the demand. Indeed, the United States, although it kept up and even Increased its product to a small extent-while the total of the world'1 aupply decreaaed-not only stopped giving any portion of its product to Europe, but had begun to draw upon Europe's otherwfse depleted lnfl.ow. For the calendar years of 1898, 1899 and 1900 the ·united States took of gold from the outside world oTer 160½ million dollars net. We will not follow up this idea further, for its remoter phases do not concern our present inquiry. It will, however, be of interest to our readers in connection with the foregoing to note the Bank of England's minimum rates of Interest; they will be found for eight consecutive years, from 1893 to 1901, both years included (OHRONIOLB, February 16 1902, page 368), given at the close of our annual review of the trade of Great Britain for 1901. Notice particularly the advance in the rate beginning with OJtober 1899, when the R1md mines were abut down, to the close of D .member 1901. 0 GOLD PRODUCT OF THE WORLD 1881 TO 1903. The oooasion of the loss in the world's annual gold 11upply, which we have referred to above, is well understood. It was an incident of the breaking out of the war in South Africa in September 1899 aod the closing -of the R11nd and adjl\cent mines. Since that war terminated the output of that center has again been on the increase. It will be remembered that the resumption of the reports of the Transvaal Chamber of Mines occurred in Ma.y 1901. The prodmct, howover, for a considerable time continued to develop very slowly; it had only reached 62,397 ounces in December 1901. Bnt since 1902 opened the progress has been more rapid. The total passed the 100,000ounce limit in lfarch 1902 (being that month 104.128 ounces), and in December last had nearly reached 200,000 ounces, the amount reported by the Chamber of Mines for Dacember 1902 being 189,537 ounces. As the output in August 1899 waa 459,710 ounces, it will be seen that there is large room for growth yet before the output equals the maximum produced in the best month prevtoue to the war. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis THE WORLD. Reports from South Africa respecting foture development are now, however, all favorable, except in the matter of labor supply. According to Colonial Secretary Chamberlain's opinion, expressed in his address made at J ohannesbure: Saturday evening, January 17, the future of the mining Industry and of the colony ts highly promising. Aa to the question of labor,he thtnka the Kaffirs should be mada to work,and lf they can be, it does not need to be aald that the labor problem would be solved. Now they buy wives to keep themselves ln idlenel!IB. He calla that practice the worst kind of slavery, and the world, we think, will coincide with hts vlew. The inference one must draw from his remarks on this point ls that the practice must be stopped. He says that "the black race is increasing with great rapidity and unless It can be settled in a regular industry It will prove a danger and a difficulty.'' Of course it is not the affatr of a day or of a year to wholly change this situation, which has grown up with the age■ in a race. B11t there are always among a people some who have more conscience and more ambition than perhaps the majority have, and if persistent eftort ls made to eradicate the evil it will no doubt give way by degrees, and an abundance of workers for all _purposes be found. "In the meantime," Mr. Chamberlain says, "tne greater need ls an increase of the white element; what ls wanted ls more brains and less muscle." He was "opposed to any importation of labor until all the resources for developing avatlable labor had been exbausted. 11 Evidently Mr. Ohamberlain looks for speedy development in an industrial way, but his plane take In a higher and a wider development as well. In those directions we may place the auggestions he made for "the establlshment of a university wbioh would be superior to anything in the world." Ravlewlng, however, the immediate outlook of the whole field of gold mlning as It exists In those colonies to-day-reviewing it in the light of recent experience-it does not set-m impossible to us that the largest total of the Rand mines, if not reached, may be quite nearly approximated within the current year. Additional encouragement Is lent to this expectation by promises given out of new development, that is of new mining ventures in the Transvaal region. It is always very difficult to pick out the quantum of truth such rumors from mining districts contain and to know how many of them are based on bet and how many on speculation and how much on an over-sangaine temperament. Moat jadges expected a greater ~nd more rapid development in the Witwate , strand district of South Africa up to this date than has been realized. The report for that centre whioh we give to-day proves simply that more difficulties have been met to be overcome in opening mines which have been idle for nearly two years than were foreseen. We ourselves are having another les■on of a. like character taught us by the results in our coal mines after they had been shut down for a few 40 PRODUCTION OF GOLD AND SILVER. months -only. But South Africa is recovering its out• put ~n its other gold-producing districts more ra.p idly; in those sections the highest 11nnual total was 341,908 ounces in 1898, and in 1902 ii had again reached 300,000 ounces. Besides South Afrlca, material, though of courlle very much smaller, increases in the world's new gold supply may be looked for during the current twelve months from the United States and Australasia. At the same time it is well to remember that even should South Africa get back to Its maximum product before the war, by the end o.f 1903, and all other sources of production remain unchanged, the output of the world'• gold mines would still begin 1904 on a basis of product .2.,000,000 fine ounces larger (of the value In sterting of about 8½ million pounds, or nearly 42 million dollars,) than the product in 1902. This thought enables one to see that the problem of the gold supply In the near future la one of large possibllitles. We are inclined to think, too, that our supposition is not an Improbable one. We do not mean to say that we feel confident South Africa will recover Itself fully during the coming twelve months; that ls not our asaumption. But take all the other countries together, It appears likely tbat there will be In them more than enough growth to make up the lack there may turn out to be in Afrfca o! reaching its old monthly output. There are, however, considerable· uncertantiea in all mining anticipations. For inatance, Canada's production has oome far short of all forecasts. The output seems to have settled down to a steady decline. The maximum :was reached in 1900, when the tot&l product was 1,360,479 fine ounces, valued at U'Z,916,762. In 1901 the total value had d eclined to t24,462,222 and the oo.ncas,were 1,183,362; whereas in 1892 the product dropped further to 913,314 fine ounct-a and to $19,600,000 value. No section ever has htl<1 out a better promise, according to current reports, than did tthe Klondike, and to find that the total ounces had fallen last year below one million was in their output, while quite a number of the smaller ones have in a moderate way increased their product. Thus, for instance, there is a small loss in Colorado and Montana. The three States standlng next to Colorado all show growth. The 1902 result in Callfornia is particularly gratifying, in that its lncrea■e though not luge follows a small increa.se in several preceding yeara; indeed, there has been no setback since 1897, when the produot had dropped to 707,160 ounces; now the preliminary report makes the out• put 828,4:19 ounces In 1902. We have above already referred to Alaska, but we are Informed that the Territory's future is brighter in promise than at any previoue period. 011 experts jast returned tell very large stories about the strikes of oil In Southern Alaska. So, too, the e■ tlmates of coming gold production are beyond those of any previous period. The public, however., ls getting used to large estl-mates and small res alts from that section of the conn-try, and prefers to watt for fuller developments before Indulging in any very extensive anticipations. Altogether., however, the United States is showing. growth again after two years of extremely little varlation in the output. We will add to the foregoing that from RuBBia we have not as yei received any report of the year's gold mining operations in that country for 1902. It will be remembered that last year, April 12 1902, page 763, we gave a full accoa.nt of the results a11 to product for 1901, confirmatory of our earlier advices, in January. For other sources of supply the details are given below. The general aggregate for the whole world we have brought togetherin the followingcompilation from 188l to 1902, both years inclusive. GOLD.-PRooucTxoN m ...... ~ ............... ~ rns ................. woRL»-oUNcEs AN» VALUES, ~ ............ s; ............ "i io 8 I I! I ~ I! I I! ~ 8! I!~ ~ I I Ii ... g 5 f ~ I \ j \ j : I ! I \ \ f j ! i \ j : \ \ \ ! ~: ~ ; ;;.o ~l!A~;.o~~ ~1~~;..;..;.. ;,.I;..;..;..;..;.. ;,.I;..;..;..;..~ ► ~ S~ Jj ~ j?, J~j r -~ I.~J~J; J J!JJ~ j _s;JJ) I ! I ~ ! ii~~ g 8 ~I; ~ ! ~ ~ i ~ ~ ! I eI!~~ i j~ ~IJjjfi jl~jjjj¾ ~1~JJJ( ; Ii;;)! j~ ~ 8 g ~ ~ ~ ~ ~ ~ i; i ~ ~ ~ ~ i ~ i: : I: : : : : ~ F • • • • • · • N «> ... N ""en .... co en ~ ?~?~~ .«>I.Ni"'.!"'.!"'.!"' !:JJl.!"'i"'i"'i"'.!"' '11.!"'i"'.l"'.!"'.!"' ~-g i1J~~~J j J~j~J ~ J~Jjj ~ Jj~~Jf ~i quite a disappointment. We notice that our territory in the same reglonJ Alaska, also made its best year in 1900,· and though it recovered in 1902 a considerable C.C!,O portion of the decline in 1901., it is not yet quite up ~ ~ f... ~enen g f t8 ~ ~ ~ 1i3 '15 ~ ~ al~~ to the 1900 •,total. But Alaska's product is still small, ~<iio~ ~ --1o(J)c,,t-.1"" ocS ococo(J)o..,. en a, II'- II'- !8 I en C> f C 'I ta:~ l'.) ... ~I«) the output in 1902 beine; only 378,476 fine ounces ~? sc 9' Fit !-0 .?' ~ 19'C>*'"'~o 9' to .?J =111'-enll'-ent-.> We should add, however, that recent discoveries in ~1te(J)«>O ;;: ~ ~ ~ ~ ~ ~ i ... 0 ... g ~ t5 ~ ~ (J) g ~ e h d I M'l C k S l t h a t t err tory on eventy 1 e ret an f- sew ere, !"" :- en :- :- !"" :-- s:, I.i- r- :- r- r- _en r- r- rif they t1fford a tithe of what is now claimed for them, ~j }1j~~ffep ,,~~Jjj ~ ffei.~~J 01 O 0 10 a. t5 en ~ ... 8: · a. muc h g ...g g: ~ t ~::: f ~ ~_, ""g: l'.)~ (J)~ "'~ ~ I ~a.~ w1'11 br Ing up th e goId pro d uc t o f 1•t s mrnes ~ ~ ~ ~ ~ I s; ~ ~ ~ ~ ~ ~ I~ ~ ~ t i nearer to a fall realintlon of the earlier promises. 8~ I§ j ~~~~I~~~~~ j I~ ~8 It is with no little surprise we find that the prelim- ~ ... lnary estimate of the gold product of the Unitt:d States made by Mr. George H. RJberts, Director o f (':) ~ ~ ...:i-.1..,.,..11'- t-.> '"'Sa,c,~ t-.> ""o~~e11 the Mint, showa so small an increase for 1902 in g ._. t5 ~ ~ ~ s g ~ t"" ~ ~ ~ ~ s ~ (J) ~ ·h ;l ~ ~ 8 ·2 . 01 ~ ~ ~ 01~1enenc,,eno, a.~~ A ?J ~~,«)(J)..;J-.'.10, ., e year,s ou t pu t . we by no means int en d t o re fl ec ~~~ NI~1~~~~«) P' r.? ~I.!"'.!"' .CJt .i- ~ .o ~ '#?? ~ .i :r cor doubt on the accuracy of the estimate. It ls no ~gi ~,~~~~s ~ 8t5~~S2 ~ ~~tn~ co O co rect-that is as nearly so as preliminary figures Issued c 01 l'.) (J) co II'-'° 0 ' (J) col'.) a. l'.) ~ i,;i co C,QC,0 ~~_co,~ Cl' .., .... c,, _t-Q C,0 C)t .... ~~~Si~ i i ~ • [ c:,.oo-.1N. ii. I II'- II'-°' en i> i 9'? !O ~ ~ "' iC> II~«)~""'~!e:t&: t-Q ~ ~ cS gJ O ~ • ..- r- r- r- = e J.~_~jffef ~ t-.> 9' I.!"'.!"' j 2 cit "" ~ t-:i , :. co~ P' s sa. ~ ! I~ ~a~ e if t~ ~ I~~~~l ~ ~ ~ jj iljjjji jllj)jjj j1-~~Jjj j1J~JJ.~~&i- ii I I t-Q * ai "°I'~~ ~1~i:i*~nu ail ... t-Q ... C)t ~ ._. -.1co!Z2c,c.c,_ie9 ~ ~ ~ ~ ~ ~ :t .. • ·o -~ ~ ~ ~ i> 1-3 ~ 1· J3 ~ sc P's:,~ i ~1enll'-ll'-11'-II'- g: ~ iq~g;~~~r0 «> ~ «> t,; "" • ~ ~ l ffi ~ ! f§ li ~~1~~~~e~l § ~ ~ ~ i }~ ~ ~ ~ l~i~~~~~ ~ °'1 1 ffl~a~~e almost Immediately after the close of the year can e>t a s;p.s~~J ~~~~~ ~~ be. The corresponding estimate for 1901, madt- 'N~ f 01~~;:! ~ 8 twelve ·months ago, has proved, indeed, to be ve1y 00 ~ 8 ~ ~ t,; .. °' "" l'.)"" ""'«> ~ i"" ... °' °' en =~co 00 = ~ ~ .!"'I l'.) l-Ql'.) (1)1 ............... I............... I ......... e ~ close to the actual result. 0 ar surprise arises from -~ -~ J ~ ~ J ~ J j¢ J _c:A i ~ -~ ~ ~ -~ j ~ ~ ~ ~ _s $ J ~ ~ ~ ~ ~~ JJ -~ J.!J.~~ J j JJ J ~~ j -~~ ~~J ~ the fact that there having been d11rlng the year so muct, claimed for new finds, coming from so many districts, ! I ~ ; ! ~; ~ ~ ~ ! i ~ i ~~ti~ i ~ ! ! ~ · J we looked for a better showing in the a~ gregate. ...For figures from 1881 t.o 1871 see Vol. 70, pages 256 to 260. " 1871 t.o 1851 see Vol. 54, pages 141 to 144. " " An examination of the detalls of the Dlrector't1 *The ounces in the foregoing table for any or the countries ,nvea may be turned into dollars by multiplying by 20·6718. The vafue 1n fi gnres exp Iai ns th e ma tt er. I t seem, t h at some pounds sterling may also be ascertained by multiplying the ounces by Thus, accordin~to the above, the product in Australia in 1902 l1t slight) fa}le Of the largest Producing St ..ates have stated in dollars 18 $85,702,719 and in sterling £17,610,8~2. Y i ~-2478. .. n O.u. .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i 1... Cl) C,0 JJ IJ C)t I * J e f 41 · PRODUCTION OF GOLD A..r D SILVER. As to the comparative production o! various sources of supply tn 1902 and the future prospect■ of yield, such facts as we have been able to procure will be found in the summaries immediately following. UNITED BTA.TEB.-Notwithstanding less promising results in Alafk!\ than expected and a decrease in the output of Colorado mines, the United States shows e gain in gold yield for 1902 of 106, 768 fine ounces. The product of the country for 1902 was consequently the greatest In its history and slightly more than Africa's ace rd total of 1898. N evertheleBB the United States again rellr.qulehes the leading position it as sumetl in 1900, Australasia having increased its output. Gold· mining in this country has shown Iese eccentricities than in the other import-ant producing countries. With the exception of 1901., when a slight decrease was exhibited., progress~ has been steadily upward for a decade. On the other hand Australasia, while developing its prnduct quite rapidly from 1896 to 1899, suffered a considerable dEcline in 1900., and for 1902 giv£s a total only 40.,000 ounces greater than in 1899; the United States during the 1ame interval added to its output about 476,000 ounces. The prellminary estimate for 1902 kindly furnished us by Mr, George E. Roberti!, Director of the ¥int, places the production at approximately 3,911,268 ounces valued at t80,863,070, against 3,806,600 ounces valued at t78,666,700 in 1901, and 3,829,897 ounces valued at $79,171,000 in 1900, The ounces and values as given for each State by the Director are as follows, comparison being made wlth 1901 and 1900: GOLD PB.ODUCTIOK IR UNITED STATES, ,---19JO.----. ,---1901.------. . . - - l O O I . GoldValue. Fine ens. Value. .hne ozs. Value. .Pt-odluctwn. Fine ou. Colorado...... l,SDJ,622 f28,829,,oo l,SS9,ll7S f27,69S,500 1,sso.,so f27,602.42D California .... 765,109 15,816,200 817,121 16.891,•00 828,H9 17,124,941 7,82S,7l>S 878,476 6,886,700 388,096 8,171,000 Alaska. ....... 395,£71 80. Dakota ... Montana ..... .Arizona....... Utah .......... Nevada....... Idaho......... Oregon........ New Mexico.. Washington.. Mlchlgan..... South. States. Other States. 298,842 227,266 202,856 19l,155 97,050 88,433 81,980 4.0,292 34.,74'3 1,403 lS,182 1,008 6,177,600 4,698,000 4,193,400 3,972,200 2,006,200 1,724,700 1,694,700 882,900 718,200 29,000 272,600 85,000 818,4'6 229,,95 197,615 178,618 HS,37l 90,!27 87,960 88,802 28,082 ·1,,90 11,402 6U 6,479,500 4,7'4,100 4,083,000 3,1!90,200 2,9dS,800 l,8tl9,300 1,818,100 683,4.00 ~.500 30,800 235,700 12,700 857,881 200,000 201,000 180,000 170,000 100,000 90,000 SS,802 21,000 1,,00 16,938 2,881 7,898,057 ,,134,866 ,,155,039 '3,720,980 S,6U,212 2,067,183 1,E60,4'66 688,400 434,100 S0,800 850,161 48,186 --- Totals •••• S,829,897 f79,ln,ooo S,805,l>OO S78,666,700 8,911,268 '8(),6~,070 While, as intimattd above, the aggregate result for 1902 exhibits a satisfactory increase over the previous year, some of the more important producing centres do not share in the better showing. AF:&I0A..-Returns from the Witwatersund District of South Africa denote clearly how rapidly the mining industry is recoverln~ from the severe setback the war entailed, and indicate that full production may be fairly looked for in 1903. The year 19Q2 opened with twenty-one mines being worked, the January output reaching 70,341 fine ounces; it closed with about fifty mines turning out ore, and a monthly pro duction of 189,637 fine ounces. Even this latter total does not compare favorably with the 4:69, 710-ounce output of August 1899, but it is 'greater, with but few exceptions, than the result for any simihr period prior to November 1897. Few, if any, of the mines now being worked have anywhere near their full complement of men, or the outtum would be very much greater. Fnrthermore, about thirty mines in the Witwatersrand District alone have yet to resume. In the territory contiguous to the Rand only two mines out of thirteen made reports for October; but recent progress has been so satisfactory that anticipa tlona of full resumption within 1903 seem not without warrant. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis '1'.ne mines in t..ne districts immediately adjacent to the Bjnd have not as yet fared as well as the Rand in the matter of resuming operations. For Decembertheir ag~regate output was only 6,486 fine ounces,. compared with about 22,000 fiae ounces monthly just· prior to the breaking out of hostilities. But in othersections of Africa., notably Rhodesia., operations haveprogreSBed quite satisfactorily. Returns to the Rtiodeaia Obamber of Mlnes denote that the 1902 output: of the district has been 194,268 ounces,, as against 172,· 160 ounces In 1901 and 91,316 ounces in 1900. Combining all fields outside the Rind we reach an es tlmated production of about 307,286 fine ounces, or 71,686 fine ounces more than in 1901. The following indicates in fine ounces and values the progress of gold production In Africa from year to year slnoe 1887. AF.RICA'S GOLD P.BODUCTION-FINE OUNCES. Y ear. ,-W(twaterarand,-., .£ Outncu. 122,liO 1887 (part year).... 28,7M 808,210 1888 ..• ,............. 190,266 1889 ......... . ....... 316,023 1,342,4'04, 1890 ........ ......... 4'07,750 1,732,041 1891.... •. . . .. . . . . . • 600,860 2,652,838 189-Z ......... .. ...... 1,001,818 4',255,62,i 1893. • •.••• , ..•..•.• 1,221.151 5,187,206 1894 ................. 1,637,773 G,956,934 1895 ......... . ....... 1,&5,138 7,887,779 1896 ......... .. ... ... 1,857,0n 7,888,'65 1897. ................ 2,491,55~ 10,583,616 1898. ............... 3,562,813 15,1:li,116 1899......... . . ...... 3,360,091 14,278,018 1900......... ... ..... 395,385 1,679,518 1901........ . ....... 238,996 1,016,208 1902 ................ 1,691,525 7,185,2tl0 ,---Other-----. £ Ounce,. ..--Total---. .£ Own.cu. 212,890 212,390 303,939 539.691 631,652 679,550 967,500 1,146,906 l,W,755 1,888,780 1,452,864' l,~8,909 709,0ril 1,001,211 1,805,299 122,UO 26,751 240,266 1,020,600 366,023 l,5M,704. 479,302 2,033,980 727,912 S,092,0U 1,150,519 4.,887,178 1.381.128 6,866, 76& l,865,538 7,92¼,414. 2,115,188 8,984,a&. 2,150,106 9,ISS,220. 2,818,498 11,072,896 S,904,721 16,686,4.7~ 3,665,876 15,671927 562,307 2,S88,56P 174,686 2,016,41' 1,908,811 8.490,660 50,000 50,000 71,552 127,052 HB, 701 159,977 227,765 270,000 298,085 826,0il 841,908 806,784 166,922 235,701 807,286 - - - - - - - - - - - - --- Total. .... .. . •.•. 20,8'6,966 SS.563,741! 8,082,624 13.094,380 28,929,589101,MS,128 AUST:RA.L.A.SIA..-The principal feature of the returns of gold production in Australasia in 1902 is the further considerable advance in Westralla. That province is not alone in giving an increased output, but its share of the year's gain ls particularly noticeable, following as it does a large addition- in the preceding year. The steady and rapid development of tihe mining industry in Westralla is certainly one of the most important incidents of the gold history of recent years. Only ten years ago, out of a total Australasian product of 1,796,130 gross ounces, Westralfa contributed but 69,548 gross ounces, or less than 3i per cent. In 1902 its share of an aggregate yield of 4,796,174 groS!! ounces was 2,177,441 gross ounces, orover 45 per cent. Victoria uhibits a farther moderate loss., its product for 1902 having been 760,000· gross ounces, or 30,050 gross ounces less than in 1901. The New South Wales yield Increased 29,li65 gros& ounces during the year. Qa.eensland recorded a considerable increase in 1902. New Zealand exhibits an addition of 46,884 gross ounces, or &bout 10 per cent, in 1902. The country has again assumed the leading position among the world's gold producers, and current and prospective further development of the fields in Westra.Ha seems to assure its retention for some little time to come, barring unexpected discoveries in countries now prominent in gold-mining. The output of all the colonies in 1902 was 4,145,876 fin& ounces, s~ainst 3,'192,364: fine ounces in 1901. PRODUCT OF GOLD IN AUSTRALASIAN COLONIES-FINE OUNCES, 71l8ma- 1otalA'IU• South Ne;w Nf/W So. Queens· Western tralasia. Zand. Auatralia.Zealand.Auatralia. nia Yr,. Victoria. Wale&. 1890 . . 654,225 1891 .. 530,287 1892.. 602,100 1893 .. 612,4.67 1894,, .Gl9, 786 1895 .• GS0,879 1896 .. 7'40,680 1897•. 7'7,74.! 1898 .. 770,277 18IHl.. 793,U8 1900.. 726,666 1901 .. 711,046 1902. •884.000 • Estimated. 116,774' lU,069 1'2,227 163,571 298,801 331,352 272,386 268,840 314,886 4.68,665 281.209 1116,884 264.'131 30,603 531,096 27,886 516,710 54,785 545,051 562,!149 101,132 621,000 190,561 581,147 212,992 587,155 258,76' 7i3,294. 633,615 8J4,,652 966,167 87l,lo!l6 1,612,866 856,959 1,438,669 733,975 1,616,938 8HJ,OOO 1,871,006 180,968 21.5U 17,965 231.837 26,4'04, U,4.97 218,401 35,857 39,817 206,852 30,84-i 34..877 203,810 32,976 63,248 270,012 43,556 50,567 242,1}2,l 26,684 67,579 9,!197 65,876 231,512 267,762 18,400 68,995 358,418 80,851 70,i92 885.300 26,453 65,710 '12,868 29,668 70,900 '46,989 •Sl,500 •72,000 1,453,171 1.,518,690 1,638,288 1,711,891 2,020,180 2,l'i'0,606 2,185,871 2,690,278 3,285,638 4,106,626 3.729.961 8,792,864 4,146,676 4-2 PRODUCTION OF GOLD .A.ND SILVER. CA.N.A.DA.-A further decrease in the gold produc• tlon in Canada tn 1902 is indicated by the returns now at hand, the year1 s yield having fallen to approxi mate]y 943,314: fine ounces from 1,183,362 fine ounces in 1901. The less favorable showing ls primarily, if not wholly, due to the poorer outturn from the Yukon district. This ls rather disappointing, as development in progre11 at the close of 1901 seemed to assure an increased yield for 1902. Ba.t great difficulties arising from sevei:e winter weather must al ways inter fere with progress iri gold-mining in the Fiu North. The open season-the period when washing can be -carried on-is so limited that when it is restricted it seriously affects the volume of the outturn. In the other fields droughty conditions are the main condition to be contended with. The results for the whole of Canada for the last eleven years in fine ounces and values are 88 follows. We are under obligation to Mr. E . D. lngall, Mining Engineer to the G9ologtcal Survey of Canada, for the estimate for 1902. Canada's production In 1892.................. Canada.'s " " 1893.... . . • . . . . . • . . . . . Canada's " 1894.... ....... .•. . • •• Canada's " 1895.... .•••.• .......• Canada's " 1896 ••. •....•.•••.••• Qmada's " 1897................ •. Olanada's " 1898 .....•...•..•.•.. et,nada's " 1899 . ................. " _1 900 .................. Canada's Canada's " 1901. .. . .. . . . ... .••• •• Canada's " 1902 .•• ... . •• • • . •• • • . . Values . Ounces. $907,600 927,200 1,042,100 1,910,900 2,817,000 6,089,500 13,838,700 43,905 4.(,853 50,411 92,440 136,274 294,582 669,445 1,031,563 1,350,47:S 1,183 362 943,314 21,324,300 27,916,752 21,462,222 19,ISOO,OOO RussI.A. .-We have received very little informat ion wli;h reference to the progress of gold production in Rnsata. We heal' of new deposits being opened from time to time, bnt future returns of, output furnish no evidence of Industry in developing them. Manchuria and Eastern Siberia are reputed to be the seat of considerable deposits. If this be true, it would seem that little effort is made to work them beyond acertatn limit, for of all the gold-prodncing conntriea Russia shows the smallest variations from year to year. During a period ol thirty years-from 1872 to 1901, inclusive-the country's yield has never risen above 1,391,260 fine ounces nor fallen below 922,226 fine ounces, · ranging most of the time between abl)ut 1,050,000 and 1,200,000 ounces. h a recent cable message, Mr. John Rosensl, of Seattle, Wash., American managing director of the Northwestern Siberia Co., states that the right to prospect for gold and _o ther minerals included 1n the trading and development concessions to the Northwestern Siberia Co. for the 200,000 sqaare miles in Ea.stern Siberia bordering on Bering Sea and the Arctic Ooean, has been extended to Americans on the same terms as to Russians. B ~arlog in mind the energy displayed in developing the fields in California, Colorado and Alaska, much should be expected 88 a result of the privilege this cable indicates bas been extended. In the absence of any definite information from which to draw conclusions, we estimate the 1902 product about the same as that for 1901. The exhibit for 11 Jears is as follows: Value.,. Russia's production In 1892 .•••.•..•......... $24,702,212 Russia's " 1893 ................... 27,808,201 Russia's " 1894 . ....•..•..•.....•. 24,103,396 " 1895 ..........•••...... 28,894,360 Russia's Russia's " 1896 ...•.....••....•.•. 21,535,757 Russia's " 1897.............. •. . . • 23,245.666 " 1898 . .........••....•.. 25,463,337 Russia's " 1899 ..••...•...••.....• 22,167,100 Rnssia's Russia's .: " 1900 . .................. 20,141S,500 Russia's . " 1901....... . . • • • • . • • • • • 23,464,562 Russia's " 1902 ... ................ ·23,462,493 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ouncu. 1,199,809 1,345,224 1,167,455 1,397,767 1,041,794 1,12(,511 1,231,791 1,072,333 974,537 1,135,100 1,135,000 lNDIA.-Although strictly speaking not an tmportan t field, India has steadily but moderately increased it■ yearly contribution to the world's new gold supply. Almost all the gold comes from half a dozen mines in the Colar field, and these generally furnished better results in 1902 than In 1901. The returns we have received make the aggregate pro• d action of the district 514,328 gross ounces, againat 601,607 gross ounces in 1901 and 495,s,o grosa ounces in 1900. The statement of yield presented In gross ounces has been as follows for six years. JCA8T INDIA-GOLD PRODUCTION PRINCIPAL MINES. 1902. Ounces. Champion Reef . ............... 159,s·,1 Ooregum . .... . .. . . . ....... . ..... 88,075 Mysore ... . .................. . 168,504 Nundydroog . .................. 58,031 Balagbat Mysore ........... . . 26.607 Mysore West and Wynaad. . . 7,800 Coromandel....... . ............ 6.000 1001. 1000. 1899. 1898. 1897. Ouncu. OU,flcts. Ownces. Oumcea. Qunce, 158.991J 16t,063 169,101 U0,158 123,928 86,900 84,857 61,28'3 52,585 55,8111 163,000 168,135 155,786 159,37! 127,567 57,000 47,737 !S,654 41,534 66,377 171 19.500 15.509 7,555 6,915 5,096 4,359 6,225 10,3't 6,676 3,50!! 8,160 12,000 Mysore Reefs . . . . . . . . . . . . . . . . 245 2,852 641 Nine Reefs................ 6.082 5,875 4,661 2,440 29' Mysore Gold Fields . . . . . . . . . . '137 3,000 2,4-88 l,79e Wondali (Deccan)............. 1,869 7,826 l,fflU Boa.d Block:........ . ........... • • . • •• 202 1.523 104 ,u 6U,328 501,607 i95,840 H.8.075 41'7.124 389,7711 OTHER CoUNTRIEs.-A number ot tne smaller producing countries have made noteworthy progrese in the mining of gold within the past two years. Mexloo, for instance, which a decade ago yielded but little more than 60,000 ounces, now.be an output of about 600,000 ounces. China has increased Its output threefold within a few years. Korea. has done even better, and a number of the South American States are reporting a better output. Under all the circum1tances we believe we are safe in concluding that " other countries'1 a■ whole may be credited with a fair tncreaae in production in 1902. a SrLVER.-PRonucnoN OF THE WoRLD.-We have fouud it, as usual, d1ffi.oult 10 early in the year to obtain accurate information as to the progress in 1901 of the silver-mining industry. Such information aa we secured last year upon which to base an estimate of the 1901 yield proved in the aggregate to be much closer·to aetual results than usual, the revision now necessary entailing a change of only three-quarters of a million ounces in a total of one hundred and seventy"'. five millions. Mr. Roberta'c1 (Director of the Mlnt) estimate for the 1902 silver output indicates a yield of 68,666,0Si ounces, or 3,362,084 ounces greater than in 1901, and Me:doo ls likely to increase its product moderately. From Australasia and "all other countries" such returns as are at hand are very inconclusive and do not seem to warrant any important variations from the 1901 figures. Ba.t altogether and ss a result of the gains in the United States and Mexico the world's product is a little in excess of the volume in 1901 and in 1900, and consequently makes a new record of yield. We give below a statement covering each year s\nce 1896. See CHRONICLE of Feb. 11 1899, page 258, for .6.gure3 back to 1871. SIL VEK.-WORLD'S PRODUCTION IN OUNCES AND STERLING, !rlne Ounces. 1896••..••.... 1897••..•..... lt-98 ......... 1899 . ........ 1900 .. ....... United States. Ouncu. 58,834,80:J 53,860,000 54,488,000 54,764,500 5'7,647,000 Mexico. uunces. 45,718,982 63,903,180 56,738,000 65,612,000 57,(87,808 All Other Anstralla. Producers. OWrtces. 12,2se,100 11.8~8,000 10,491,100 12,686,653 13,3-10,263 Total. Total Valoe8o OUnces. OUnces. £t w.~68.888 44,4Sl,Sl92 61,560,764 44,161,000 44.413,802 157,061,370 •164,073,17 i 173,227,F64 167,224,2i3 172,838.8'73 ]9,959,882 18,895,500 19,488,185 19,161,lU 20,844,576 Total '96-00.279,644.SOO 269,410,060 60,634.716 224,836,446 831,425,522 97,889,204 1901 ....... . 55,214,000 57,656,549 13,0!9,243 49,078,781 174,998.5'73 19,824,057 1902 ........ 58,566,081 58,000,000 13,100,000 49,200,000 1'78,866,0Si 17,988,101 t Values of silver tn this table are commercial values and are computed on the average price each year of silver as given by Messrs. Pixley & .A.hell. London. Value of£ in this table $4·8665. ·GREAT BRITAIN-BANKS COMMERCIAL MOVEMEN BUSINESS IN ENGLAND IN 1901J. [('lommnntoated by our London Oorrespondent.] JANUARY 10 1903. The year 1902 opened in gloom. ·The South African war was still in progress and people saw for the moment no indication of an early ending. Consequently, the Government, it was foreseen, would be forced to issae another large loan, and that would make money both scarce and dear. Moreover, on the Continent fierce hostility to this country was eve1ywhere manifi.ested. And there was deep disappointment throughout all classes of the community at the break- down of -our mllltary system. • Abroad matters did not look very much more pleasant except in the United States. In India famine continued. la Australia the long drought was intllcting severe loss upon New South Wale1 and Qlleensland. Cllina was exhausted after the Boxer move.ment. And most of the foreign customers of this -c ountry were buying less from us than for s_ome years ·before. Oo the Continent Germany was passing through a grave crisis. The condition of things in Russia wa, even more depressing. Austria-Hungary was torn asunder by internal dissensions. And in Ftance there was an utter lack of confidence and a vast accumulation of unemployed money. Very soon, however, the pessimist feeling here in London -changed to one of hopefulness. It came to be understood that the Boers still in the field were utterly exhausted, and 1:hat they could not hold out very much longer. The belief was strengthened when the Prime Minister of Holland endeavored to mediate between this country and the Boers. Consequently, early in the year there began again active buying of consols and of Elouth African gold shares. The first buying was undoubtedly from the Continent and apparently from quarters in close communication with the Boer representatives. But very soon active buying began here and it continued until peace was arranged. the highest prices having been attained in the latter part of May. Consols ro~e almost to 98 and some of the favorite South .A frican go1d shares went higher than they bad been even during the boom of 1895. Immediately after the settlem~nt of peace selling on an enormous scale set in and continued fo[ the following six months, and prices in all cases were sent lower than they bad been at the beginning of the year. At one time consols dropped almost to 9 l and the fall in gold shares ranged from 20 to 50 per cent. There was unquestionably a large bull account in this country both in consols and in gold sbares. but had that been the only iofluence acting upon the market it would have been eas1ly se •tled without any sens'.:l.. tional fall, for though money was not very plentiful it -could be obtained on not unreasonable terms by all who were in good credit, since there was perfect c mfidence in the London money market and business of every kind was sound. But there were exaggerated fears entertained in most foreign countries. Upon the Continent, for instance. France was disturbed by the enforcement of the Association's Jaw. Religious feeling was greatly excited, deposits were withdrawn from the savings banks and the monks were preaching warmly against the Government. Consequently a good deal of uneasiness developed, apprehensions of political disturbances sprang up and money began to be https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rs IN ·& TRADE. 1902. hoarded. As a result of this the leadin?; French banks withdrew a large proportion of the b:i.lances they had hitherto been employing in Lo~don, and French operators sold consols, gold shares and other securities almost recklessly. German operators followed suit. Both in France and Germany there was likewise a very exaggerated fear that speculation had been carried so far in the United States that a crisis was imminent. Q There was some apprehension of the same kind in this country, but it was neither so acute nor so unreasonable as upon the Continent-. Therefore, several of the foreign banks refused to renew American bills, and American securities were sold in immense amounts. The selling in France was still further stimulated by the break-up of the Liberal party in Spain and the resignati1n of the Sagasta Ministry. French capitalists had bought Spanish securities on an immense scale, believing that a serious effort was about to be made to improve the Spanish exchange. In fact, negotiations were opened between the Minister of Finance, the Bank of :-!pain and the other leading hanks and railway companies for the purpose of raising and steadying exchange. But the negotiations failed, and there was a drop in ~patiish securities which added to the losses of Paris. The pessimist feeling prevailing all over the Continent added greatly to the difficulties here, and accounted to a great extent for the heavy fall in securities that went on until the end of November. In December there was another change of feelin~, and quotations gradually and steadily advancedi so that the year ended with a more hopeful feeling than had prevailed since peace was arranged. The re- · covery here was accompanied by a recovery all over the Continent and nearly everywhne in Europe. Therefore the year closed with a generally better feeling. As the war came to an end in May, the Government borrowings have been decided1y Jes• than seemed likely when the )'ear began. Whereas for exarnple in 1901 the Govern· ment had to issue new con sols to the amount of 60 millions sterling. in the year just terminated they added to the consols outstanding only :32 millions ~terlin~. On the other hand, the issue of freasury bills has bee.a larger than any body anticipated. Until la~t yl:'ar the Government, when the taxes did not come in promptly enough for its requiremPnts, borrowed from the Bank of England on what are calied Deficiency biJl.;;. During the war, however, this system told adverselyupon the London money market. The Bank, having to finance the Govt'rnmenL was not able to retain control of . the outside ma.rk1-t. and frequently, therefore, inconvenience was occasioned. Under our taxation system a much larger proportion of the revenue is co11ected in the three months from January 1st to March 31st than in any other quarter of the financial year. Consequently! when the expenditure is very heavy, as it was all through the war, the Government is usuaJly short of money during the first nine months of the financial year, and during t.hose nine months it has frequently -to borrow frow the Bank of Eng• land on Deficiency bills. A few months ago tbe Chancellor of the Exchequer recognized the inconveniences caused by this manner of doing business, and he obtained power from Parliament to apply to the open market instead of relying entirely upon the Bank of England. Therefore, he took authority to raise an additional 15 millions sterling by tbe issue of Treasury bills, and of the amount authorized he has actua1Iy floated ~bout half. He has also b9rrowed for other parpoEes in Treasury bills; the rPsult being that TrPasur_y bins to the aggregate of 34½ OJillions sterling are now outsta'Ilding. Large borrowings by the Government prevented money from becoming plenti •ul in the open market, yet the rates of interest and discount were somewhat lower in 1902 than 44 BUSINESS IN GREAT BRITAI.r . they had been in 1901, and they were decidedly lower than they bad been in 1900. One reason for this is that the Government borrowings were less last year than they Wf re the year before. .Another was that in 1900 the value of money in Germany rose very high indeed, and that reacted upon the London money market. Since then Germany has been passing through a severe crisis, and consequently Germany has not drawn upon the London gold market as she did formerly. A third reason is that gold has not been shipped from London to the United States. On the contrary, gold has been sent from the United States both to Paris and to Buenos Ayres. But the chief reason of all is that the Continental banks, and more particularly the French banks, have been employing immense amounts in this market. Ever since 1899, when French bankers began to fear a or:sis in Germany, they have greatly increased the amounts of money they have been employing in London, until, according to the best estimates that can be formed, in the summer of the year just ended there was French money employed hei·e of between 30 and 40 millions sterling. Of course there was a good deal more French money in vested by private capitalists in consols, Treasury bills, gold shares, and the like, but the 30 or 40 millious sterling spoken of were chiefly surplus balances held by bankers and invested temporarily either in sterling bills or in Government securities, or employed in carrying over securities upon the !-tock Exchange. In addition to this amount, a good deal of Continental money, and mo, e particul9rly of French mom-y 1 was employed here in American bills backed by good collaterals. Towards the end of August and the beginning of September, however, when the enforcement of the Associations law caused much anxiety in France, and led to heavy withdrawals of deposits from the savings banks, the French banks began to withdraw gradually and carefully a portion of their balances employed here. They have gone on doing so almost continuously ever since, with the result that it is estimated that French money now employed here by French banks is less than half what it was in A.ugmt last. On the other hand, as apprehension extended in France, a great many French capitalists sent mor:ey over here to be invested safely. They have not cared to invest in any of the neighboring Continental countries, partly because of their want of faith in their political stability but mainly because they are greatly afraid of socialism. They have, though, been investing here very freely in Colonial securities of all kinds, and very largely in Crown Colony eecurities; also in consols, _in gold shares, and so on. And the tendency at present seems to be to increase French investments iu London. Owing to the withdrawals of French bankers' balance~, the rates of interest and discount have been higher in London during the second half of tbe year than they were in the first half. But they have been prevented from becomrng seriously high partly by the large t."ontiLental investments just referred to and partly by the absence of gold withdrawals for the United States. Money, indeed, would probably have been even cheaper than it was were it not ihat there was a drain of gold unexpectedly heavy both to Egypt and to Argentina. Egypt has been doing a very good trade. Argentina has exceedh gly favorable crops, and she is doing an exceptionally large trade both with South Africa and with Aus ·ralia. Indeed, she has supplied South Africa with food, mules, horses and other necessaries during the war on an immense scale. The result of all has been that the Bank of England rate of discount during the whole year never went below 3 per cent and never went above 4 per cent. In January the rate was reduced from 4 to 3½ per cent and in February to 3 per cent. At the beginning of October it was:raised again to 4 per cent. Upon the Continent rates have been almost as steady as here at home. The Bank of France made no change in its rate. Indeed, it has not altered the rate since 1900. The Imperial Bank of Germany in Ja.nuary of 1902 put down its rate to 3½ per cent and in February to 3 per cent. It raised the rate to 4 per cent again in October. There was no change in the rates either at Amsterdam or Brussels, and there were only two changes in the rate of the Austro-Hungarian Bank. Business of every kind all over the Continent, in short, ha~ been exceedingly depressed throughout the year. There has _been an utter lack of enterprise, a complete unwillingness to enter into new risks, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and consequently the money markets have everywhere been lifeless. To that is largely due the comparative ease that has prevailed in London in spite of the sensational movemen ts of the Stock Exchange and the vast borrowings and expenditure of the Government. There have been during the year several banking events of considerable interest. The International Banking Company of New York opened a branch in London for the purpose of doing an exchange business with the Philippines. fhe National Bank of the South African Republic became the National Bank of Eouth Africa. An agricultural bank of Egypt was formed with a capital of 2½ millions sterling, And the Bank of China and Japan went into liquidation. Furthermore, the larger banks have bought up and absorbed a considerable number of small banks both in London and all over the country. It would be tedious to give a list of all the amalgamations, but the tendency which has been visible for several years of taking over the smaller institutions is making such rapid headway that in a very short time it seems certain that the smaller banks will all ha v& disappeared, and that there will be then a moderate munher of very large banks. It has long been evident that it would be hopeless to attempt to start a new bank here, for banking facilities are brought so completely within the reach of every class of the community that there is hardly room for a new undertaking, and certainly there would be very little chance of success without an immense capital- so immense as to make it improbable that the earnings would compensate for the risks. Furthermore, it has long b:en clear that the day of private banks was ove1·. Since the private banks hol1 no public meetings and publish no detailed accounts, nobody knows what their real standing is, and therefore business tends tq go more and more from the private to the joint- stock banks. More lately, as tho private b :m ks have in large measure disappeared, the smaller joint-stock banks consider it advisable to amalgamate with the larger, either because, being situated in the rnterior, they find it convenient to have their head offices in London, or because the competition of the great London banks is pushing them too closely. At all events, the smaller concerns are rapidly disappearing. One other event in the banking world may be worth noticing. When Sir Robert Peel reorganized English banking in 1814, and 1845, he allowed se,eral banks to continue to issue, as they prevfously had done, what is called an ··t1.uthorized issue," that is to say, they had acquired the right by long custom to issue notes without holding gold as a security a.gainst them. And he continued the permission to do so provided they did not exceed the average circulation of a couple of years immectiately preceding the legislation. Furthermore, he arranged that if any bank outside of London lost its right of issue for any reason, the Bank of England might emit a certain proportion of the circulation thus disa.ppearing. Since this legislation to)k place, theBank of England has increased its authorized or fiduciary circulation nine times. It now amounts to £18,175,000, the Bank during the year just ended having increased its authorized circulatioH by £400,000. The silver market has been much agitated during the the year. The first 2½ months' quotations were fairly steady, for there was a good demand both for l11dia and the Straits fettlen:!ents. But in the middle of March a heavy fall occurred, due principally to the difficulties in which China found herself when she was compelled to pay the indemnity imposed on her by the Powers on a gold basis. To do so, she had to sell silver largely to India and other countries, the result being that the price, which, at the beginning of January was over 26d. per ounce, went bdow 24d. per ounce in April and May. Then there was some recoveryt but in August there was another sharp fall, the price going below 22d. As already said, the chief cause of the heavy fall was the difficulties of China in paying the indemnity. But there were several contributory causes~ Neither Russia, nor France, nor the Indian Government bought silver for the mints as one or the other of them had done for several ,ears previously. Furthermore, Spain stopped completely her coinage of silver. The Siamese Government adopted the gold standard and the Government of the Straits Settlements appointed a commission to inquire into the desirability of doing &s India, Japan and Siam had BUSINESS IN GREAT BRITAIN. already 'done. The heavy fali in silver continued until November, when there was a slight recovery. The highest price o.f the year in London was 26 3-16d. in January and the lowest 21 11-16d. in November. The total imports of silver into the United Kingdom dtuing the year were £9, 764,296, or £I, 737,352 less than the preceding year. The total exports were £10,716,118, or £1,333,719 less than the preceding year . . In the gold market there were few movements calling for special notice. The total imports of the metal were £21,629,049, or £913,421 more than the year before, but it is to be noted that we received from South Africa last year about five millions sterling more than the year before. On the other hand, India did not ship so much gold as she did the previous year. The exports of gold amounted to £15,409, • 088, or £1,443,8~3 more than the preceding year, or 10 3 per cent. In addition, a good deal of gold on account of London was sent to Argentina from South Africa and Amtralia. Trade during the year has been fairly satisfactory, as is proved by the revenue, the railway, the Clearing House and the Board of Trade retm·ns. The revenue for the nine months ended with December amounted to a little over 91¾ millions sterling, which i3 just about what the Chancellor of the Exchequer estimated it would be in April last.. It was then thought that the Cha'n cellor'a estimates were very sanguine, and many anticipated that trade would fall away, and consequently that the revenue would not come up to expectations. So far: howtver, it has done so. The returns of the 17 principal railway companies of the United Kingdom show gross receipts for the whole year amounting to £17,699,000, being an increase of a little over a million and a quarter compared with the preceding year, or about 2·8 per cent. As the rail way traffics had grown year after year, this is a very satisfactory showing. The total clearings through the London Clearing House amounted to£10,02S,742,000, being £4.67,573,000 in excess of the clearings of 1901, which hitherto was the record year. A considerable part of the increase is due no doubt to the augmentation of debt consequent upon the South African war, the clearings onconsols' settling days, for example, exceeding those of the corresponding days of the year before by £86,290,000. There was an actual . decrease in the clearings on ordinary Stock Exchange settling days. The remainder of the increase took place in trade proper. According to the Board ot Trade returns for Decembe1·, the total imports amounted in value to £528,860,284, being £6,870,086 in excess of those of the preceding year, or 1-3 pe·r cent. The total value of the exports of .British and Irish produce was £283,539,980, being £3,517,6'J4 in excess of those of the precedmg year, or 1·3 per cent. It is clear, therefore, that trade, notwithstanding complaints, was fairly good all through the year. It was better, however, in the home trade than in the foreign trade. It is noticeable, indeed, that during the past 12 or 15 years the home trade has been persistently improving in spite of all adverse influences, whereas the foreign trade has varied according to politics and according to the economic conditions of our chief customers. The foreign trade last year was benefitted, of course, by the great coal strikes in the United States and in France. On the other hand, the foreign trade was injured by the adverse e conomic condition of so many of our chief customers. India for a large part of the year suffered from famine. Towards the end of the year the famine practically disappeared and India was able to buy more largely than before. But still our trade with that country was adversely affected by the lon~-continued drought. Our trade with Australia likwise suffered, and China, of course, is not in good circumstances; her whole economic condition is unfavorably influenced by the dis tnrbance in exchange due to the payment of the indemnity. South Africa, again, was not in a position to do very much trade. Broadly speaking, we did not export as much to the Continent or to the Far East as we did the year before, the Continent, as mentioned frequently in this review, having been greatly depressed throughout the twelve months. On the other hand, we did a larger busrness with South America and Turkey, and our trade with India improved as the year drew to a close. Agriculturally the year was not good. The weather in January and February was unfavorable to eowing, and consequently the spring crop was rather belated. March was very fine and farmers were able to push forward with their https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 45 spring sowings. Unfortunately, however, the spring and the early summer were unpropitious, but towards the end of June brilliant weather set in and vegetation proceeded rapidly. July again was a variable month, though at its close there was a week or two of splendid weather, and the crops everywhere looked exceedingly well. As a matter of fact the crops were very abundant both in grain and in straw, but unfortunately the weather at gathering was most Uli.· favorable. Harvesting was late-did not begin, speaking broadly, until August; and August was a disastrously wet month. A great deal of the corn was so injured in the cutting that it deteriorated in condition. Moreover, the price of grain was low. The hay crop was abundant but was late in harvesting and was injured by the weather. The root crops were good, and the pastures turned out very favorably also. Still, farmers did not do well during the yea.r, It is too early yet to get statistics of the production of coal in 1902, but all the evidence available points to th9 conclusion that the output was decidedly larger than in the preceding year. There was an active demand for all kinds of manufactures at home, and there was a very keen demand for the United States. Moreover, both the United ~tates and Canada purchased an immense quantity of fron and steel, and that gave a great impetus to the demand of iron and steel manufacturers for coal. At the beginning of the year there was a, very general fear in the trade that the crisi3 in Germany and the abnormal increase of productive capacity in thP United State:; would lead to a very much more intense competition than ever felt before. Indeed, there was a dread that the United States might be able to flood the home markets with coal, and the dread was accentuated by the coal tax imposed by Sir M. H. Beach. As a mat.ter of fact there has been less competition from the United States than in previous years, and the competition of Germany has not been in the least greater. It is a very remarkable fact that Germany which increased its capacity for production so much during the boom period, has not apparently competed with our industry at all more actively. No doubt Germany oxpor1e:l to , France a very large quantity of -coal during the coal strike, and Germany also increased its exports both to Holland and to B elgium. But as far as statistics are at present available, it would not seem th!J.t the increase in the German exports to Be 'gium and Holla[ld has been large. Probably the explanation is that our exports are of special kinds of coal which Germany cannot supply, particularly of steam coal and gas coal, and that therefore the increased production and productive capacity of Germany do not threaten our trade as much as was supposed a little while ago. In any event, the coal trade has been exceedingly active all through the year, and though prices were somewhat lower than in 1901, they were fairly steady. In 1901 there was a sharp fall after the great rise of the year before, but in 1902, though there was somewhat of a further decline, the tendency recently has been more in an upward direction. As the year drew to a close, moreover, hope rose likewise. Especially there were great expectations of better times whenever the labor difficulty in South Africa is solved. That it will soon be solved is the prevailing opinion, and when gold-mining is resumed on the scale which prevailed before the war, there are anticipations that the orders for machinery, for railway plant and the like will be such as will give great impetus to the coal trade at home. But whil~, Epeaking broadly and generally, the demand, both home and foreign, for coal last year was good and promises n ow to be still better in the new year, there are two directions in which coal owners rather look for a falling off. The agitation which is being conducted for economizing in railway management and improving the methods of working is tending to reduce the train miles run, and therefore to decrease somewhat the railway demand for, coal. Moreover, electricity is more or less . displacing gas and this is diminishing the demand for coal. In iron and steel there bas likewise been great activity during the year, mainly because of the strong demand f01; the United States and Canada. In the first half of the year there was an increase in the output of pig iron of about '200,000 tons, and though the statistics for the second half are not forthcoming as yet, it is believed that the production was not any less. If so, the increase of output for the year was about 400,000 tons. The prices of pig iron, moreover, have remained 46 BU IXESS IN GREAT BRIT 1~. fairly steady throughout the year. In Scotch warrants tbe highest price was 58s 4d. and the lowest 48s. lOd., which is nearly the same as the previous year. There was somewhat more variation in the price of Cleveland warrants, but not very much. The most strikio~ feature of the sear has been the extraordinary demand for the United States. In the first ten months of 1902 the United States imported pig iron, rails, blooms and billets to the extent of 678,009 tons, against only 47,024 tons in the previous year. Unlike in coal, the ·German competition has been exceedingly keen in iron and steel, partly owing to the high protective duties in Germany, and the great combination among tho manufacturers, and partly because of the extreme crisis through whtch Germany is passing. German iron and steel has been exported to this country as well as to the United ~tates in immense quantities at m uch below the cost of production. At a r ecent meeting of the shareholders of an iron and coal company the Chairman, speaking of the intensity of foreign competition, said that we were pushed bard by foreign competition " not because we cannot beat the foreigners on even terms, for we can, but because we are pitted against manu ' acturers who, by reason of large protective tariffs at home, are enabled to sell to our customers abroad materially below the cost of production either in their own •country or ours-one article which we produce to the extent of 25,000 tons per annum our competitors in Germany have been seJling at a lo s of upwards of £2 per ton." How far this case is typical or exceptional of course only those in the trade can say, but it is notorious that German manufa.ctor• ers have been selling on an enormous scale below cost price. .At the same time it is to be borne in mind that the injury to British manufacturers is only partial. To those who have not their own stet-1 works, it i~ clearly an advantage to be able to buy blooms and billets at the lowest possible price, and there are many works, in this country so situated. But to the works which can produce steel the competition is of ,course very serious. Orders for new ships during the year have been comparatively few and freights hdve fallen steadily until at the -close they are said in many cases not to pay expenses. The out-turn of new ships is decidedly smaller than for the two •or three years preceding, but it is large, nevertheless, con ~idering bow low freights have been and what an enormous addition to the mercantile marine of the world bas been made recFntly. New orders are comparatively few. Still, it is probable that they will increase rapidly soon. At all events, it is known that some of the greater fleets are to be increased with monster vessels. At the London Colonial wool sales during 1902 tho total sa1es effected amounted to 1,018,906 bales. About 461,000 bal, s were for the United States and the Continent; the home trade took more than half the quantity sold. All thruugh the year the demand for merino wool was exceedingly good and the price ruled high, the continuance of the drought in New ~outh Wales making it certain that the supply of merino will be small for some years to come. On the other band, cross-bred wools, especially of the coarser kinds, were greatly neglected for the mo9t part of the year, and quotations fell to the lowest level ever recorded. Sometimes, indeed, the coarser kinds were ut erly unsalable. Apparently the high price of merino and the exceeding cheapness of cross-breds led to large orders being placed for ,,t he latter kinds of goods. At all events, in the closing months of the year there was a substanUal rise in all qualities of cross-breds, and as the new year opens the prospect is that there will be a further advance. The Continent is a much larger consumer of cross-breds than this country, and the wool trade all over the Continent has been depressed for some years. In Decem '"'er, however, there was some recovery in e~ery department of busines~: both in France and Germany, and possibly this recovery accounts to some extent at all events for the marked advance in quotations for cross-bred~. In the cotton trade there was much difference of opinion in the early months of the year respecting the prob~ble size of the American cotton crop. One party h eld that it would be under 9½ million bales, while the other predicted that it would be over 11 million bales. 'Iha more general opinion was that it would be about 10½ million bales. < onsequently, there was some hesitation in dealing in the early Illonths, .and even though quotations were rapidly driven up in the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 Unhed States, this country did not follow very eagerly. During the first quarter, indeed, the spinning branch of the cotton industry was depressed so much that working hours were reduced and other measures were taken to alter the situation. During the greater part of the year. however, there were loud complaints from spinners. Toward the dose the position of spinners improved, and in many cases became quite satisfactory. The weaving branch was better off. Still, in no part of the trade was there real prosperity. Our European customers were able to buy less than usual, for all over the Continent there was great depression. The effects of drought and famine in India were ad verse to Lancashire, and so, of course , was the long-continued ·drought in Australia. The favorable monsoon towards the end of the year improved matterd in India, and China bas been recovering also throughouL the year. Upon the whole, then, the prospects for the industry have improved, and there is a more hopeful spirit as the new year opens. The following are the bank and open market rates of jnterest at a number of the principal Continental cities on the first day of each month during 1902 and on the closing day of the year. ,..; ,..; I9u2. Rates of Interest at- ...· ,..; ,..; -.-::: ;:: rl ..: ...; "' rl :::,, rl ~ ~ ...; Cl') l""1 ,., ~ OQ ~ Cl .:: "' A... <; "' ~ ""l ~ "" -~- - ~-- --- - -- --- - - - - - - -- -- -- - - - - -.,::; ~ ~ ~ "' ::s Cl ~ ~ <,) ~ .;) ~ ParisBank rate .. ... O uenmarket BerlinBank rate ...... Open market . . _. HamburgBank rate . .... Open market .. FrankfortBank rate . . . .. Open market .. AmsterdamBank rate .. ... Open market . -- · BrusselsBank rate. Optn market -:_ . ViennaHank rate · -· Open market St. Petersbur~Bank rate . .. Open market MadridBank rate . . ... Open market Copenhagentsank rate OpN1 market. . . N-Nommal .:> ~ q 3 3 3 l 234 .,78 23s 2~16 2 3 l 3 3 3 78 2916 2516 2 3 3 2 3 3 3 3 21316 4 3½ 3 3 25s 2.1a 15s 2 3 :~ 3 4 I lg 1 7s 25s 3 4 4 3¼ 312 4 312 3 3 251, 218 lOil 2 3 3 3 3 3 3 4 1~ &¼I &¼ 112 l7t, 25s 3 3¼ 319 4 3~ 3 3 211s 21a 151, 2 3 3 3 l 3 3 :I 134 21tl 214 l\.g 1 711 211s 3 3 3 L3i.a 21a 214 :,J 4 4 4 4 314 3~ 3 3 3 3 3 3 3 3 3 3 3 3 3 t!,g 212 l 78 L78 &3.; 211s 23g 214 215s t5s 2 7a 27a 27s 3 3 3 3 3 3 3 3 3 3 3 3 3 214 2½ l¼ 2¼ .!¼ 2¼ 214 2¼ 23t, 218 2¼! 212 25s -1 4, ,j:.\J_ 3 3½> 31.v 3½! 3½ 312 314 ::\½ 3~ 3½- 312 312 212 238 2~ 23s 212 212 3¼ 338 312 338 3¼ Fi½ 5~ 512 412 4½, 412 412 4½ -l½ 412 412 412 412 N. N. N. N, N. N . N. N. N. N. N. N. N. 4 4 4 4 4 -1 .\ t 4 312 3 '9 4 4 4 4 5 4 5 4 4½ 4 4 -1 4 4½ 312 3½ 312112 n~ 4 4 5 4 ' 4 4 4 4 4 4 4 4. i 4 4 4 4 4 4 ' 4 In the subjoined tatement we show all the changes in the Bank of England rate in each year from 1894 to 1902, inclusive. BANK OF ENGLAND RATE OF INTEREST. Year. 1894. Rate Number per of days. cent. 1895. 1 to Dec. 31. 1896. Jan. 1 to Sept.10 Sept.10 to Sept. 24 Sept. 24 to Oct. 22 Oct. 22 to Dec. 31. Jan. Year's average .••. Jan. Jan. Feb. Apr, May Sept. Oct. 1897. 1 to Jan. 21. 21 to Feb. 4 . 4 to Apr. 8 8 to May 13 13 to Sept. 23 23 to Oct. 14 . 14 to Dec. 31. Year's average ... 1898. Jan. l to Apr. 7. Apr. 7 to Ma,y 26. May 26 to June 2 . June 2 to June 30. June 30 to s... pt. :.!2. Sept. 2'l to Oct. 13 . Oct. 13 to Deo. 31. Veitr'l'I A,verR,gP. Rate Number per of days. cent. -- - - - - - - - - -- --1899. 32 day~ Ja.n. 1 to Jan. 19. 21 day@ Jan. 19 to Feb. ~112 days Feb. 2 to July 13 - -- - - July 13 to Oct. 3 . 2·11 365 daye Oct. 3 to Oct. 5. Oct. 5 to Nov. 30 . Nov. 30 to Dec 31. 2 365 dayE Year's average .••. 2 254days 21g 14 days 1900. 28 days Jan. 1 to Jan. 11. 3 4 70 dayf Jan. 11 to Jan. 18. - · - --- Jan. 18 to Jan. 25 2·48 366dayF- Jan. ~5 to May 24 May 24 to June 14 Juue 14 to July 19. 4 20 days July 19 to Dec. 31. 3lg 13 days 3 64 dayP Year's average ..•. 35 day~ 2¼ 1901. 2 133 days Jan. 1 to Jan. 3 . 2lg 21 days Jan. 3 to Feb. 7. 3 79 days Feb. 7 t'o Feb. 21. Feb. 21 to June 6. 2·79 365 day~ June 6 to June 13 . June 13 to Oct. 31. Oct. 31 to Dec. :n. 97 de.ya 3 Year'saverage , __ 4 49 days 1902 7 daye 312 28 day!> Jan. 1 to Jan. 23 . 3 2lg 84 dayP Jan. 23 to Feb . ti . 21 dayf F t:b 3 6 to Oet. 2. 4 _?_!_day~ vet. 2 to De 1. 31. VAR.r's avera!le. ___ ::1•2f> R6f> navP Jan. 1 to Feb. 1. 3 Feb. 1 to Feb. 22. 2¼ Feb. 2!? to D ec. 31. 2 Year's average_._ . Year. -- -- - - - - 4 19 dii.ys 3¼ 14 days 161 days 3 3¼ 82 days 41.g 2 .days 5 56 days 31 days 6 ----3·75 365 days 6 11 days 7daye 7daye 4 119 oaye 3¼ 21 days 3 35 daye 165 days 5 4,lg "' - - -3·96 365 daye 2 days 4 35 days 5 4¼ 14 days 105 tlaye 4 7days 3¼ 140 days 3 62 days 4 ---3 72 365 days 4 319 ;; 4 23 days t-i daye 238 days 90 days --· --- 3·33 365 "av . 8 The appended table, made up from the official' statements of the Bank of England, shows the position of the Bank as regards bullion, reserve, etc., each week of the year. GREAT BRITAIN. BUSINESS I The quantities and values of textile exports from Great Brit- ---~-B_M_N_K_ OF ENGLAND IN 1902.-[00.000s omitted.] 1= s::i £! <Di DEPOSITS. SECURITIKS. °o- . S ~"oc!{ ain for the la.st three years are given in the following table. - - ICD~.s = ~~~ EXPORTS OF TEXTILE FABRICS. ~ t>.£08 ~ ....... 1i:l .l< ~ 0.111 1902 • oo ~ S :d 0 :;:i:& § ___ ..___ z &! ---------------= - S:Jc,:,i ______ - :>;3 £ Jan. 1.. 1 ' 8 .. " 15.. .. 22 .. " 29 .. Feb. 5 .. " 12 .. 11 19 .. " 26 .. Mar. 5 .. " 12 II 19 .. " 26 .. Apr. 2 •. II 9 .. " 16 .. " 23 .. " 30 . May 7 .. " 14 .. " 21.. " 28 .. June 4.. " 11.. " 18 .. " 25 .. July 2 .. " 9 .. " 16 .. " 23 . . " 30 .. Aug. 6 .. 13 .. " 20 .. " 27 .. Sept. 3 .. " 10.. " 17.. " 24 .. Oct. 1.. " 8 .. " 15 .. •• 22 .. " 29. Nov. 5 •. " 12 .. " O A~~l - - -- - - 1 - 0 .o :30:.. p:i'° ~ £ " 26 .. Dec. 3 .. :: 1 0 ..•· 17 " 24 •• " 31.. - - ~ ~ - ~ ;3 ~Z°8 -S c:, 0 ~ 0 ~ ,1e:,;iA p:i P.c. Pr. ct. 50,4 17.-l 41,1 20,1 4 3:...d 41,1 20,9 "L7,2 21,6 .•• . 3 I ll 42,0 20,4 26 .8 23,5 3 10,5 17,3 26,4 :l4,7 3 40,8 11,a 2 1,0 25,6 3 :rn,L 17,3 27.3 25,2 2:\i 39,4 17,:i 28,7 :l5,9 ..• . ~ 1 •10 39,ti 17,3 30,8 2 H 7 .••. 234 42,0 1.., ,3 34,0 21:1 ·-·. 2~ 39,l 16,3 33,6 26,3 .••. 258 38,8 16,3 33 'l 26.9 .••. 234 39,5 16 3 34 :o 2 6,8 •••• 2:\a 42 ,9 16:3 38 ,2 24,l .••. 234 4 2 ,1 15,3 36, ti 23 ,9 ··-· 21 16 39,9 14,8 2 8,8 23,6 •••• 2~ 3 9,0 14,8 2 7 ,1 24,4 ..•. 2 78 ::S\l,4 14,8 28 ,3 25,2 ..•. i 78 43,4 14,8 a2,7 24,2 .••. 21a 111 41,l 14,8 28,'l 24,0 . ••. 2~ 39,7 14,8 29,5 23,6 .• ~. 2:\a a8,l 14,8 28,4 23,6 .••. 2~ 42,ti 14,8 31,0 24,6 .••. 21316 40,4 14 3 28,l 24,8 .••. 21\ ::S8,4 -14'3 27 2 25,8 .••. 258 38,7 14'.2 ~1:0 26,-4 .••. 258 44,3 14,8 35,3 25,2 .••. 258 4 ti,7 11,8 2366,~ 25,0 ..•. 2¼ 41,6 18,5 ,.. 2 56,41 ..•. 2916 39,7 17,0 2ti,2 .. -. 2¼ 39,4 17,U 25,IJ 26'4 .••. 2'-9 42,5 17.0 28,9 25>, .••. 258 41,2 17,0 25.7 23,8 .••. 29 16 39,0 lfi,O 2o, .i '24,5 .••. 211 16 39,3 15,ti 25,8 25,8 ..•. 2¾ 41,'1 15,6 27,0 26 3 .... i18 41,6 15,1 2ti,l 25:8 .• 21316 39,2 14,5 2ti ~ 26,1 . . • . 218 39, 7 14,6 25:9 26,5 . ••. 3 40,4 14,6 26 3 26 3 318 42,7 15,!:4 31:8 23:6 4 3716 45,4 18,8 28,9 23,0 ..•. 3316 42,0 16,3 2"',2 22,6 .•. 33s 39,2 16,4 28,4 2i 9 ..•. 33s 38,8 16,4 27,8 23:1 .••. 39, 6 40,0 16,4 27,7 22,2 . .•. 3° 18 39,3 16,4 26,9 22,5 .•• 33s 38,2 17,5 26,9 22,5 .••. 3~ 39,5 17,5 ;: 0,4 22,4 ..•. 318 39,3 17,:\ 29,3 21,4 . ••. 3 7s 37,6 16,0 i7,9 21,0 .•.. 3711 36,7 16,l 27,6 20,5 .• . 37s 39,9 16, 1 34, 7 17,2 .••. 4 55,~17,l_ 47,7_18,3_ ·:·..:_~ - £ 30,3 32,6 29,~ 33,6 29,3 35,0 29,0 35.9 28,>i 36,6 29,0 36,4 28,7 36,9 2 8 ,5 37,5 28,5 37,8 28,8 37,4 2 8,6 37,6 '.&8,6 37,6 29,8 36,l 29,l 35,~ 29,4 35,'2 29,1 35,7 28,9 36,4 t9,5 35,9 29,6 35,8 29.6 35,4 29,2 3-:>, l 2~,2 35,9 .!9,5 36,6 2»,3 37,3 29,4 38,0 30,:.i 37,8 30,4 37,7 30,0 37,7 29,-1 38,1 29,6 38,3 30,l 37,9 30,5 3 r, ,6 30,2 36,1-1 29,8 37,5 29,ti 37,9 30,0 37,6 29 o 37,5 29:3 37,6 29,2 37,4 30,4 35,8 29,9 34, 7 29, · 34,l 29,1 34,l 29,2 34 , l 21:},4 33,5 29,l 33,3 2 !-1 ,7 33,l 29,7 33,0 29,0 32,2 2'3,8 3 l,6 28,8 31,2 2\J,7 28,8 29,7 ~9.!8 19 •• ;..; CD ;::l £ 10,4 10,4 10,3 9,5 10,1 12,3 £ £ £ ·s~ ·:r· 14,l 16,8 18,0 18,5 18,9 18,9 17,1 15,l 9,4 9,a 11 ,0 10,4 8,U 10,2 10,7 9,9 8,9 10,9 11,·• 13,0 11,5 10,5 11,4 11,7 10,8 7,1 9,6 9,7 9,2 6,H 9, 1 8,~ 8,3 10,0 7,5 7,3 10,6 10,6 8,4 1-1,6 10,7 12,9 11,1 9,5 9,S 10,2 9,9 I The situation of the Bank of France as to its stock of guld and silver, according to the last 1·eturns of each month of 1900, 1901 and 1902, was as follows, stated in pounds sterling. GOLD AND SILVER IN BANK OF FRANCE.-[00,000s omitted. I 1902. f;told. Silv'r 'l'otal 1 1901. £ £ 98.3 44.0 Jan. 30 B'eb. 27 100,1 Mar. 27 102,2 Aprtl2i 103,0 May ~ 9 1oa.o June ~6 July 31 Aug. 28 Sept. 25 Oct. 80 Nov. 27 Dec. 2tl 102,8 103,11 105,f 103,8 101,4 101,7 or .8 £ 142,8 44, 2 U.t,ll 44.8 14 ~,5 U.3 147;· 0,7 147, 1 45,0 147,8 44.9 U8,5 44,9 l49,9 44,6 148.4 44,-l 1 15 8 ,U,8 U6,0 48,!l IU.7 Gold. Silv 'r 'l'ota., £ 93,8 95,6 ll5,l 97,6 9e,t ll':l,6 Jan. ~6 Feb. 23 Mar. 2'3 Aprll 26 May 30 June 27 July 2o Aug. 29 Sept. 26 Oct. 24 Nov. so Dec. 26 98,8 97,5 95,6 P4,4 98,4 !I~." m oo. £ £ 43,9 187,7 Jan. 25 43,9 139,4 Feb. 22 H,0 1311,1 Mar. 29 44,0 Ul.5 April25 44,5 H2,9 May 81 U,8 U3,4 June28 44-, 7 148,CJ J u)y 21' 44,ll 142,4 Au g. 30 44,6 140,1 Sep t 27 48,H 14!!,:? Oct. 26 44,1 1'2.6 ~ ov. 29 44,, 14 2.~ De c. 27 G o ld. Silv'r Tota· £ 75,9 7d,8 77,8 77,7 81,5 84.b £ £ 45,7 121,6 45,7 122,!> 46,7 123,5 46,6 123,3 45,7 127,2 46,9 130,4 A7,S 46,6 132,Q 90,0 46,4 135,4 90,6 45,2 135.8 91.7 44,6 186,3 93,11 44,f> 137,5 ~s.6 U .8 18~.9 In the table below we show the price of silver in London by months for 1900, 1901 and 1902. -PRICB OF SILVER FOR THREE YEARS. 1900. 1902. 1 1901. I SILVER. 1 - - - - - - - - - - - - -- - - ,- - - -- - -High. Low. ~ ~ Low. ~ver. Jan ...... d. ~Ala Feb •..••. '51g March. ••. 35716 April .... ~47s May ••.••. '4 June ...... 4116 July...... 4916 Aug...... 43 111 Sept ..... . 418 Oct....... 31111:\ Nov...... 314 Dec •••••• 215s a. 2 57 l8 25 5 16 24 1316 23°16 ~3° 23 166H 24316 2419 ~39 . 8 2314 2111 16 211316 a. d. 29916 28¼ 28 316 t 7lou 2115s 27916 2714 2718 27 26 7s ~ 51116 257 11s i5 245 16 2311 16 24316 243s 24316 23 7s 2338 2211 18 2619 22316 25~ d. 27 84 27 7s 27°1 R 261516 2 -; 3 , 6 2714 261:!16 2634 26 7s 263s 253s d. 281516 2818 27 1516 2715 16 211 16 277 16 261°16 2615 18 2615 18 2615s 261 16 Z4lbl6 2771 !1 High. Lo~ ~ er. d. d. I d. 271 I 16 27 2714 :&734 27"16 27¼ 27111e 27716 27916 27¼ 276 16 271 16 2111s 2112 219 16 ~89 , 6 2711 16 271s 16 28916 2734 2814 28 i i. 2710 16 2818 2914 287 16 28I:s 16 3031 8 2918 299l 6 2916 16 297 16 291 16 297s 29¼ 2913111 -----·---·--· --·--·-2111 211 , P. 299 2415 273111 303, 27 2814 Year ..... Q6ls 1A 16 6 A The complete trade figures of imports and exports into and from Great Britain for three years are as follows : EXPORTS AND IMPORTS. EXPORTS. Home products . . .•....•. Re-shipment of imports. Totalexports......... . IMPORTS. Total merchandise..... . Ex.OMA ofimu.ovf'lrf'lxtL . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1902. 1901. £ £ 283,539,980 65,810,6 ~4 280,022,376 67,841,892 1900. £ 291,191,996 63,181,758 l------1------- - - - - 349,350,664 347,864,268 354,373,754 528,860,284 521,990,198 523,075,163 1-------~----------179.509,620 174.121-.980 168,701,409 1902. Yll:AR'S EXPORTS. --- -- - - 1-----QUANTITIES. 1901. 1900. 167,483,100 Cotton yarn .. . ...... lbs. 158,272,90<> 169,658,000 Piece goods ...•. yds. 5,330,724,700 5,364,600,200 5,031,727,0004.3,014,300 46,990,300 38,708,100 Jute yarn ..........• lbs. 215,459,300 173,976,800, 195,739,300 Pieoe goods ..•.. yds. 14,215,600 16,347,100 12,971,100 Linen ya.rn ...•...... lbs. 162,952,400 154,708,200150,215,300 Piece goods ...•. yds. 48,498,400 52,722,100 57,148,200Woolen yarn .•••.... lbs. 44,879,100 50,502,600, Woolen tissues ..•.. yds. 47,197,100 102,173,50093,979,100 102,602,700 Woisted tissues .... yds. £ VALUES. Cotton yarn . .....•...... Piece goods ...•.... · 1 Jute yarn ...•.••..•..•.. Piece goods ........ . I.Jnen yarn ...•••.••...•. Piece goods ..•...... Woolen yarn .••..••...•. Woolen tissues ...••..•.. ! Worsted tissues . . .•...•. £ £ 7,412,938 55,190,963 529,949 1,909,637 842,2001 4,050,05ti 3,530,939 5,503,029 6,367,900 7,977,032 56,501,684 514,603 2,143,730 824,681 3,737,074 3,487,686 5,199,074 5,845,996 7,741,12952,384,839 486,4.92" 1,874,867 934,201 3,851,6154,461,896 5,906,279 6,467,750- T ne British imports each month have been as follows: 1902, 1MPORT8 . ianuary ...••. Pebru ary . ••. M:&rch .•••.•• A.prll . .....••• \fay ••••••.••• J une ..•••.••. July . .• . .••••• A.u~ust ...•••• September •.. October ...•.• November .••• December ...• 1901. • .& Difference . Per 0( +9·0- £ 50,131,348 41,691,591 40,897,861 C.61199,928 43,353,70:\ -10,665,315 44,086,960 -10,412,571 41,764,491 4.6,854,330 41>,118,056 4.8,170,628 45,987,516 39,714,439 4.6,426,056 46,265,617 4.2,426,759 41,711,038 43,028,822 40,937,14.0 38,208,791 44.,351,403 46,810,l'i53 46,770,097 +4.,143,832 +1,977,162 -5,528,195 -65,689 +926,946 -1,045,723 +1,058,138 -524.,569 +3,555,700 +2,602,927 -l,69l,497 +1,400,531 Twelve mos. 528,860,284 621,990,198 +6,870,086 +~·9 -11·9 -0·14, +2 ·1 -2·~ +2·6 -1·2 +9·3 +r>·6 -3·6 +2·9' The exports each month have been as follows : 1902. EXPORTS. Ja-nuary.•.••. February ..••. M.arch .•••.••. A.prll ...••..... 1901. Difference. • • 24,254,574 21,312,276 22,217,238 23,492,529 22,881,974 21,252,383 26,029,170 24.,299,826 23,809,101 25,149,831 24,6:;7,238 24,219,240 24,753,531 21,037,455 25,021,293 21,987,033 23,336,662 22,444.,424 24,385,771 24,205,569 21,971,302 23,983,636 2i,842,436 24,313,777 -498,957 +-274,821 -2.804.,055 +l,505,496 -504.,688 -1,192,041 + 1,643,399 +94,257 +l,837,799 +1,166,195 +1,814.~02 -94,537 Twelve mo1. 283,039,980 280,022,876 +3,617,604 May ••••••••.. June ...••..... July ..•••.••.. A.Ul(USt ....••. September . . . October ..•••• November .••. December .... Per Ot. £ -2·8 +1·3 -11·2 +6·8 -2·1 -6•4, +6:8 + 0·4. +8•8 +4·8 +7·9 --0·3 +1·3- The re-exports of foreign and colonial produce each month ➔how the following contrast: 1902. l:UH!iXPORT8 . .& , a,nua.ry •••••• 5,340,446 5,804.,101 February . 4,314,471 'tli:.rch ••••.••• 6,673,949 A.11rtl ••••••••• 5,256,747 Mi:.y . ••••• • ••• 5,609,128 June •••••.•••. 6,034,~29 July .•••••.••• 5,698,640 Au,11,'Ust .. . ..•. 4,796,675 ~eptember .. . 5,61')8,340 October .•.... 5,330,723 ~ovembe r .••. 5,4'i4,442 December .••. 1901. Digerence. 6,0IH,307 5,966,288 5,200,525 6,286,007 6,056,229 5,522,270 5,526,083 6,166,955 4,768,235 6,311,096 5,079,601 5,912,247 +289,139 -162,187 -886,054 +387,942 -799,482 +86,858 +508,4 46 -4.68,315 +28,440 -652,756 +2bl,122 -437 ,805 • • Per 01 • +5·7 -2·7 -17·0 +6·2 -15 ·2 +0·6 +9·0 -7·5 +0·6 -10·3 + 4·9' -G·7 Twelve moe. 65,810,684 67,841,892 -2,031 ,203 -3·0 NOTEl.-The aggregate ngures are official. The::, indic&t6 that sllgh a.djustments have been made in the monthly returns as issued. The exports of iron and steel from Great Britain have been as below each year since 1876, inclusive. EXPORTS OF IRON AND STEEL FROM GREAT B RITA IN. I - -- - - - - ~ 1902 .•........•.. . 1901•..• . ... . .. . .. 1900.. ........... . 1899 ..........• . . . 1891'4 . ...•........ . 1897 .••.......• .. . 1896•.•.•........• 1895..••••• . ..... . 1894 ...••••.....•. 1893 •............. 1892............. . 1891. ...•....•••.. 1890....•..••..... 1889...••......... 1888 .....•...•.•.. 1887..••••...•••.• 1886.•.•.•.•...••. 1885 ....•...•.... . 1884....••.....••. 1883..•.•••..•..•. 1882.....••..•.... 1881 .....•.•.•••.. 1880...••..••..•.. 1879 ...••••..•.... 1878.•.••...•..••. 1877. . ...•••.••.•. 1876............. . ig Iro~·Tons. 1.102,835 8 :, 9,182 1,427,525 1,380,342 l,Oi2.853 1,201,104 1,060,165 866,568 830,985 840,294 767,053 840,055 1,145,268 1,190,371 1,036,319 1,158,174 1,044,257 960,931 1,269,576 1,564,048 1,758,072 1,480,196 1,632,343 1,223,436 924,646 881,442 910,905 - I Other Rail_s._ Description s. _:otal ~ Tons. 717,021 572,724 463,731 590,667 609,403 782,04!'> 747,662 457,552 425,242 558,375 468,003 702,247 1,035,431 1,089,892 1,020,002 1,011,779 739,651 714,276 728,540 97ly165 936,949 820,671 693,696 463,878 441,384 497,924 414,556 T on s . 1,759 ,24 8 1,485,813 1,649.4:;3 1,746,171 1,592,094 1,702,957 1,782,571 1,511,421 1,393,771 1,457,905 1,504,22 1,697,844 1.820,731 1,905,919 1,910,242 1,973,075 1,605,289 1,455,475 1,497,439 1,508,095 1,658,531 1,517,458 1,466,055 1,196,170 933,193 965,285 899,809 T ons. 3 ,57P,104 2,897,719' 3,540,689 3,717,180 3,244,350, 3,686,106 3,550,398· 2,835,541 2,649,9982,856,574. 2,739,2793,240,146 4,001,430, 4,186,182 3,966,563 4,143,028 3,389,197 3,130,682" 3,496,991 4,043,3084,353,552 3, 20,315 3,792,993 2,883,484. 2,296,860 2,346,370 2,224,470 TRADE AND COMMERCE-R ETURNS OF. FOREIGN IMPORTS THE COUNTRY'S FO.REIGN TR.A.DE IN 1902. The statement of the country'• foreign trade for the calendar year 1902 reflects quite accurately the industrial conditions which prevailed in the United States during that period of twelve months. On the one hand there is a los■ of •104,673,925 in the merchandise exports, as compared wlth the calendar year preceding, and on the other hand there la an augmentation In merchandise Imports in the sum of t88,901,043. The amaller exports followed directly as the result of the deficient harvests of 1901, diminishing our avallable surplus of some of the countr,'a leading export staples. There wa, another circumstance that operated In the same direction. We refer to the urgency of the home demand for many articles of m~nufactures and merchandise, due to the marvelous prosperity- existing, and which demand made the domestic market for the time being a much better field than the foreign market, cutting off some shipments of goods which under normal conditions would have been made for points abroad. The noteworthy Increase In the Imports Is ascribable to the same state of things. Business was so active In the United States that foreign producers found an unusually Inviting market for their goods and wares here. The falling off In the agrlGultural exports is strikingly illustrated in the matter of corn. The corn crop of 1901 had suffered more disastrously from the drought of that year than any other leading production, and there was literally no corn avaihble for outalde use. Altogether less than 19 million bushels of corn were sent abroad during the twelve months of 1902, against over 102 millions In 1901, 190 millions in 1900 and 206 and 207 millions, respectively, In 1899 and 1898. The little corn that did go out went at high prices of course. Nevertheless, the value of the corn shipments In 1902 was only 11½ million dollars as against 50¼ million dollars in 1901 and 8j-¼ million dollars in 1900. There was also, however, a quite considerable loss In oats. The wheat and 1lour exports continued large {the wheat crop of 1901 having been an exception to the general rule of crop shortage in that season), but even in this instance the outgo fell below the extraordinary amount of the preceding year. Briefly, 212 million bushels of wheat went out in 1902, against 266-¼ millions In 1901 and 183 million bushels in 1900. The average price was a little higher than in the years Immediately preceding. Altogether the breadstuffa shipments had a value of only 1951 million dollars in 1902, as against 2761 mlllion dollars in 1901. 1800• Wheat and flourl902. l90l. lOOO. 1808. bushels •••t, 211,11,5,781 286,286,901 182.925,HS 198,862,885 223.810,258 Ta.Ines .•••.. $165,Sl56,005 ,201,458,506 $138,99!,088 ,uU,529,82:& PQl,709,896 Wheat, av. price. 71!o. 7~ '11!'(c. 1,0. E8c. l'lour, RT. price.. $8 72 $8 69 '3 65 '3 74, $4. 89 Dom-b11!lhels..... 18,728,96'} 102,859,089 190,886,ffi 206,1SIJ,2SS 207,809,981 values ...... $11,567,976 '50,861,888 isi,284.,788 $81,728,589 •77,315,689 Anrage price... 61Mo. t9~c. i'¼o. (O~c. S7½o. Date-bushels.... . . 15,976,708 95,929,0tS 81,180,649 '1,086,122 49,919,868 Talues...... S2,552,962 S9,106,19G $9,823,496 $12,818,832 $16,046,888 ATerage price... i211-l6c. Dotton-bales.. ... 6,887,4.4.1 ..........8 price... ~ ~ 8.968,091 8 16-S2c. SO¾c. 6,671,561 93,(c. 8l~c. 5,787,853 6·47c. 82~c. 8,169.380 6°670. The outward movement of provisions and dairy proiuot1 waa likewise affected by the previous year's https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AND EXPORTS. drought and hence there was a loss in that class of items In the sum of about 24 million dollars. Furthermore there was a loss of some 13½ million dollars in the shirments of cattle, sheep and hogs. As It happens the cotton shipments too fell below those of the prevbus year, although the crop of 1901-02 proved to be In excess of that of 1900-01. From the table above it will be seen that 6,687,44:1 bales were shipped in 1902, as against 6,963,092 bales in 1901. In value there was a decrease In the cotton exports of about lOj million dollars. It Is a fact, too, that the value of petroleum exports was leBB than In the preceding year, the quantity shipped having been smaller, while at the same time the price realiz:d was not quite so higb. It thus follows that there waa a loss in every one of what are called our leading export staples. Here Is a table comparing the export values of the1e leading staples for the last five years, and also the aggregate of the merchandise exports of all klntls. EXPORTS OF LEADING PRODUCTS POR SIX OALBNDA.R TEARS. Exporu. 1902. • 1901. 1900, • • - - - - - -1899. - • 1898. $ 1897. • Cotton ...... 290,,91.225 800,985,88:l SH,952,586 191,167,Si2 282,768.204 212, 7'5.579 Breadsturrs. 195,717,'f28 2,0,,0,,200 250,786,0SO 2e9,955,771 317,879,74.6 252.~.811 ProT'n!l, &c. 182,~28,700 206,931,80{1 1186,568,786 182,4i6,1S4 l 7!,978,018 14.8.95B.ae Cattle.sheep andhOlls .. 2:s,8n,esll SG,290,067 86,0SS,?8' Sl,910,4.07 84,,651,'1'79 (0,869,0M Petr'lm, &c. 68,597,148 72,784,9U! 7',i9S,707 66,002.,~ oS,,28,749 60,007,4,25 Total •••... 763,27(1,525 898,395,970 ~J..1S4,84,2 'Til,'81,970 818,701,(91 TlS,098,676 A.ll 0th.exp. 597,(21U10 1568,Q70,890 ~16,SU..,ln 5SS,985,llil2 4,4,J,844,775 S86,8U,S8D Total. ..... ll'60701985 U65875860 14'77946118 127M67971 1255M6266 109970904,6 This statement brings out the fact that there was a contraction, roughly, of 133 mUllon dollar■ In the exports of the leading staples, and that this was offset to the extent of about 28½ million do1lars by a gain In other Items of exports. This gain in the other export ■ is the more noteworthy as there was a quite considerable falling off in the exports of iron and steel and also of coal. Oar coal shipment■ were valued at only *18,229,009, against 122,022,910 In 1901, showing clearly the effects of the coal sca.rolty produced by the anthracite miners' strike. The Iron and steel exports had a value of 197,892,036, egi{nst $102,53!,575 In 1901 and *129,633,480 in 1900. The extraordinary activity of the iron and steel trades and the high prices prevailing explain this latter falling off. The gain In the "other exports" is due very largely to an extension of the shipments of cotton goods {fol• lowing the subsidence of the troubles in China) and to the resumption of the normal outward movement of copper, which had been checked in 1900 by reason of the artlfl.cial prloe of the metal maintained at that time by the Amalgamated Oopper Company. We bring together herewith such of the leading items of exports as show important increases or decreases In 1902 as compared with 1901. E~porfs1902. 1901. 1900. Coal ................... .....•.... $18,229,009 $22,022,910 $21,524,079 Copper, not including ore..... 45,485,1598 33,534,899 57,542,610 Cotton manufactures •.••••••.• Fruits and nuts................ Iron, steel, etc. .••.••••••••••••. Leather, eto .•••••.••••••••••••. Nava\ stores .........•.•••••.•• 011 cake and oil meal.. •••••••• OU, vegetable.................. 8ee48. •••••••••• •••••••••••••••• Tobacco,not inol.manufa-0tur'd Wood and manu.taoturel. •••••• 33,274,907 26,042,755 20,722,759 u,,2~8,349 8,279,213 11,140,24.1 97,892,036 102,534,575 129,633,480 30,15151,072 28,949,4.49 27,169,014 13,299,861 11,825,8156 13,030,232 20,644,172 19,188,838 17,115,217 16,202,927 19,057,389 17,364,275 8,744,€05 7,24.7,921 7,010,853 34,640,15115 26,861,132 26,886,371 H,836,458 '9,337,949 52,636,SOI 4-g TRADE AND COMMERCE. As for the merchandise imports, they reached decidedly noteworthy proportiona, the increase of t88,901,043 in 1902 following very considerable increases in the years immediately preceding. The total was much the largest ever reached in the country's history, the amount being t969,320,953. The annexed exhibit contains some of the leading items showing Important changes the last two years. 1900. l 901. 1902. ImporlsChemicals, eto .......... ........ !fl59,930,225 $56,772,989 $53,480,424 5,019,553 5,291,<129 Coal,···~····· ..... ·.............. 7,016,274 Coffee ........................... 04,157,664 70,156,0'14 59,510,771 5,195,010 Copper-ore and regulus ...... 8,695,780 14,692,645 Copper-pig, bars, tngots ...... 13,051,159 11,812,21.6 10,557,870 Cotton manufactures .......... 48,954,284 41,019,955 42,614,284 Flax, hemp, eto.-unmannfaotnred .................. . ... ... . 35,<329,162 Flax, hemp, eto.-manu!act'd. 39,565,242 Frntts.and nuts ............ .... 23,128,837 Furs and fur skins ............. 16,216,891 Hides ........................... 57,732,397 Indla·rubber ................... 25,160,391 Iron and steel.. ................ -U,468,826 0118....................... ....... 11,861,476 Silk-raw, eto. .................. 4.7,847,831 Silk-manufactured ............ 35,567,821 Sngar........................... 61,424,1R3 Tea. ............................. 14,570,285 Tin ............................. 21,263,337 Wood. ........................... 27,888,5~4 Wool-unmanufacture1l.. .••... 19,590,227 Wool-manufactured ........... 18,771,774. 25,118,025 36,405,407 20,177,862 12,773,440 55,566,012 28,120,218 20,395,015 7,876,1'172 40,267,786 29,260,550 79,619,806 8,74<1,190 19,024.761 22,020,616 14,017,432 15,604,730 25,752,154 82,528,378 18,921,681 11,f33,061 61,587,993 28,577,789 20,443,911 6,748,?36 32,453,659 29,719,565 91,742,493 11,783,317 19,458,596 20,120,307 19,210,062 15,806,112 It will be observed that the great further Increase in the merchandise imports the late year occurred in face of a very brge shrinkage in the imports of sugar, which had a value of only t8l,424, 183 In 1902, as against 179,619,806 in 1901 and t91, 7'2,493 In 1900. It remains to add that the contraction in this item was caused entirely by lower prices, the quantity im• ported bavlng been 3,83! mlllion lbs., against 3,712 million lbs. and 3,767 mlllfon lbs., respectively, in 1901 and 1900. There was also a considerable decline In the imports of coffee, which reached only $64:,167,664, against $70,166,044, the loss In this in1tance following both from smaller qt1antlties and lower prices. The largest gain in any class of imports fs found, as might be expected, in the case of iron and steel, where our tak\nge from abroad are seen to have had a value of Ul,4:68,826 in 1902, against $20,395,016 in 1901. There were also, however, quite considerable increases in imports of silk, of hides, of furs, of fibres, of wool, of wood, of tea, of tin, etc., etc. MERCHANDISE EXPORTS AND IMPORTS (CALENDAR YEARS), Oal'darYear. 1870 ......... 1871 ......... . l872 ...... . .. 1878 .. .... ... 1874 ......... . 1875 ......... . 1876 .......... 1877 .... . ..... 1878 .......... 1879 .......... 1880 .......... 1881. ....... .. 1882 .......... 1888 .......... 1884 .......... 1886 .......... 1884'.......... 1887 ......... . 1888 • ........ l880 .......... 1890 .......... 1891 .......... 189.2 .......... 1898 .......... 1894 ......... 189:i .......... 1896.......... 1807• ., ....... 1898.......... 1899 .......... 1900 ......... 1901 .......... lOOJ .......... . ExPorts. l40S,5tl6,010 460,352,088 468,83i,948 567,707,867 569,872,558 510,947,422 500,666,fl29 620,S02,4U1 737,091,978 766,159,825 889,~S.422 838,5411,127 767.981.~ 795,209,816 749,866,428 688,249,798 713,347,290 715,212,840 691,620,8152 · 82?,055,759 855,309,202 970,266,9~ 988,020,941 875,831,848 825,102,248 82{,860;186 1,oos,e37,241 1,099,709,045 1,255,546.266 1,275,{67,971 1.,77,946, 113 1,465,375,860 1,860,701,935 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Impr,rt,. '461,182,055 MS,111,099 605,964,699 5115,248,0tS 562,115,907 503,1132,036 427,847,165 480,446,300 !81.612,883 513,602,796 696,807,176 670,209,418 752,848,507 687,066,216 629,261,t!OO M7,d68,673 660,893,686 · 70!,676,843 719,484,6~ 762,8&,881 814,909,575 818,86(,521 880,400,141 766,289,846 676,812,941 801,669,347 681,679,556 742,1595,229 634,964.,448 798,967,UO 829,149,714 880,419,910 969,320,9:18 Excus. Imp.$57,546,048 lmp.112,759,011 Imp.187,126,71U Imp. 97,490,181 Exp. 7,706,646 Exp. 7,7&,4e6 Exp.168,819,464 Exp. 139,800,112 Exp. 805,479,590 Exp. 251,657,021.J Exp. 192,876,246 Exp, 163,889,679 Exp. 15,13S,t89 .FJxp, 108,148,100 Exp.120, 104,668 E.cp, 100,881,125 Exp. 152,458,704 E:i;p. 10,686,497 Imp. 27,868,828 Exp. 64,170,869 Exr,. 40,4.89,627 Exp. 151,901,404 Exp.107,580,800 Exp. lOSl,592,002 Exp. 148,789,807 Exp. 23,100,789 Exr,. 824,257,685 Exp.857,118,816 Exp. 620,581,818 Exp. 476,600,561 Exp. 6i8, 196,899 Exp. 58-i,955,950 Exp. 801,380,982 1otal Trade. $864,718,068 1,038,468,187 1,124,802,647 1,168,005,9111 I, 181,988,460 1,014,110,858 1,018,0lS,794 1,100,748,712 1,168,704,856 1,278,762,621 l,586,490,W8 1,508,758,1575 1,1520,825,,158 1,482,275,532 1,878,628,288 1,276,118,471 1,374,240,876 1,419.789,188 1,411,105,582 1,589,940,631 1,670.808, '777 1,788,680,44~ 1,768,IHl,082 1,642,071,694 1,501,415,180 1,626,529,(88 1,687,416,797 1,842,30-i,274 l ,890,510, 7U 2,074,485,881 2,807 ,0915,827 2,8i5, 795,770 2,830,022,688 With imports 110 much heiiVHH' and exports so mll.ch diminished the trade balance in the country 7s favor the late year was 193½ million dollars smaller than 1901 and 267 million dollars smaUer than in 1900. It yet was of large proportions-amounting, roughly, to 391f million dollars. DJspite this extensive ba".anoe; which was further added to by our silver exports, the foreign exchange market during 1902 was much llke that of 1901; that is, the greater part of the year exchange rates were close to the export pointJ and an outflow of gold seemed al ways imminent where it wa■ notactnallv in progress. The tension in the money mar• ket and hlih Interest rates prevalllng here are re• sponsible for the fact that our gold imports for the 12 months exceeded the gold exports by 18, 16.2, 7.26, where In 1901 there was a net gold outflow to the amount of *3,022,069. Combining the gold and sUver movements with the merchandise movement, we get the following. YEARLY TRADE BA.LANCE. 1898, 1899. 1900. 1001, 1902. $ $ $ $ $ Merchan. expQrts .. 891,880,ll82 6Si,965,9150 648,796,899 476,500.1561 620,581.,819 !lllver exports ..... 22,870,019 24.491,576 26,121,321 22,617,808 24,665,7:U Excu, of- Total. ...........'14,251,001 609,4~7,526 674,917,720 409,11!.-l,809 6U,247,Mi 6,9&6,669 Ul,968,~ •3,022,059 12,614,4tll Gold Im.ports.... ,... 8,162,726 Grand total ..... ,oo,oss,275 612,469,68l 662,803,259 493,162,816 603,278.Mi * Excess of exports. In face of these large b~lanoes in the country's . favor, aggregating for · the last five years $2,677,• 302,4:79, not only were exchange rates nearly all the time at the gold-export point, butrepeatedly through• out 1902, as during 1901, there were reports of large ·borrowings abroad by United States banking houses. Making full allowance for the yearly amounts due abroad by the United States for freights, undervaluation of imports, etc., there can be only one explana• tlon of such a phenomenal situation. American invest. ments abroad In the purchase of government, muni..: cl pal and other securities are evidently being constantly extended, and more and more money is also all the time being employed In foreign ent_erprlses. We had onp illustration last April of what 18 going on, in the American subscriptions for the new loan for £32,000,000 broug~t out by the British Government; £5,100,OOO of this loan was actua1IJ placed in this country. To complete our am~ysis we add the following table,· showing the gold and silver movements each year back to 1870, - - - - G o l d , - - - - - . ,------811 v e r , , - - -... Euu, of Excu, of Exporta(+)or Exports<+> or E:uport,, Import,. Importa (-). Export,. Import,. lmport,(-) Ending $ $ , $ Dec. 8l1870...... 53,103,7"5 10,430,561 +,42,673,184 27,8-!6,083 15.259.199 +12,586,asi 1871 ..... 44,915,1176 6,SU,94.8 +80,074,027 82,524,!95 10,962.'167 +21,662,028 1872 ...... 68,688,125 11,113,290 +67,62i,835 82,048,799 10,068,7U +21,980,085 1878 ...... 25,496,118 20,537,26,1 +4,958,864 38,076,207 9,212.1.S6 +2S,86(,()2j 187-t ...... t8,H9,091 7,422,806 +85,726,285 29,677,98! 7,830,998 +21,746,986 1875 ..... 63,U8,Pt7 H,338,789 +39,075,158 25,889,567 8,5!7.857 +17,842,210 1876 ...... 31,231,789 23,673,291 +7,558,HS 25,122,736 10,708,048 +H,824,698 1877...... 18,082,688 11,620,655 +7,352,983 29,336,920 12,Hl.,560 +17,105,869 -180,682 1878-. ..... 8,656,948 10,477,859 -1,821,011 18,209,252 18,389,884 1879 ..... , 4,115,U6 78,767,041 -74,652,495 21,701,552 li.425,017 +7.276,685 1880..... , 8,062,459 73,644,608 -70,582,239 12,983,H2 11,681.,025 +l,352,417 1881.,. ... 2,603,M3 60,398,620 -67,705,077 17,063,274 8,595,6!5 -f-8,oi67,629 1882 ...... 88,721.,079 13.402,528 +25,818,551 17.817.055 9,098,385 +a,218.670 1883 ...... 6,048,770 22,055,961 -16,007,191 25,704,670 14,153,857 +11.,641,SJ.8 188i ...... 40,048,246 27,057,657 +12,990,589 29,563,748 15,50!. 777 +H,058,971 1885 .. . ... 11,417,207 28,6!5,311 -12,228,104 83,280,542 17,772,718 +15,607,824 -213,613 27,11:&,707 19,769,4.\4. +7,86f,293 1886 ...... 41,283,222 41,309,835 1887 ...... 9,14-i,426 4!,903,327 -35,758,1101 27,'i33, '' 2 Sl,000,721 +6,732,471 lRRS ...... 84,626,447 ll,03f,074 +23,492,378 80,020,6UJ Sl,761.,350 +8,259,244 1889 ...... 50,986,412 12,061,620 +ss,873.892 40,742,875 1!6,799,,58 +18,9f3,,17 1890 ...... 24,063,108 20,379,456 +S,683,652 28,609,101 80,7M,90i -2,155,808 +a,211 1801. ••••. 11,003,066 45,203,377 +33,889,688 21,030,u6 11,015,005 1892..... 76,M5,828 18,165,066 +68,380,272 86,362,281 81,452,956 -f-4,909,3215 1893 ...... 79,1188,726 73,280,675 +6,703,151 i0,357,7{8 27,7tl5,696 +18,592,051 1so, .. . ... 101,&9,7S5 21,350,607 +80,,00,128 47,245,807 17,633,594 +20,1112.218 1895,. .... 104,9117,402 84,396,892 +70,571,010 M,211,0 6 24,373,347 +19,837,789 1A!l6 ...... 158,256,990 104,781,259 -46,474,869 64,056,7U 80,iW,740 +sS,777,001 +268,5811 68,661,292 Sl'l,Otl2,S02 +25,678,090 1897...... 84,276,401 84,022,812 1898 ...... 16,194,954158,168,952 -lH,968,998 63,797,104 U.131,880 +24,665,r.U 1809 ...... 46,SW,411 61,334,964 -5,955,553 58,461,737 80,843,029 +22,617,808 HOO ..... 64,134,628 66,749,081 -12,6H,461 60,221 ,664 40,100,3(3 +26,121,821 1901. .... , 67,783,989 6.l,7tU,880 +S,022,051} C>ll,688,%8 31.146,782 +H,491,576 902 ...... 86,080,591 .4,193,317 -8,162,726 49,272,915.l 26,402,11115 +22,670,019 Year a a a NOTE.-For years 1886 to 1902, tnolustve, the figures embra.oe gold a.nd silver tn ore; tn the years preoedlng both were included tn the merchandise movement. 50 TR.ADE AND COMMERCE. IMPORTS AND EXPORTS BY YEARS. FISCAL The table below shows the exports and imports in each fiscal year ( ending June 30) since 1872. 'Cui ~8 00 t",:"l 0 ~ -@~ z 0;:i ~ 1-=l o~i 'd s • ~ i:Q oi:Q ~ rD ;a . =~ c:i! ~ ,=c:; o>1 ~~ ~ I sA l--aI ·o~ ~O::, 'o ~i:Q oi:= al i:i al. .Cl~ Q.~ ~'d ~ .s0;::1g 0~ ::I Q;>i:Q P-,o :::l ::I (ll 00 ~ 0 P-1 ~ ~ c5 ~ = sg ·o;::= ~ 0;;1 s ~i:Q 0 A 0-c c!)::i al i:i al. .Cl~ £;a ~ ~ oo-:c~t-----➔ 010C)r--,n0).,,.0)CO~~C'IC'l,..,,-1CY')~I0-0:'1..-te-1CY')O)OO MOO-dllOOt--OOCY')O~OOIO-OOOO~CY')it-:,IOLOIOO-O)C'lt-- .... C)O~ o~.r..t--..-11000CY')t0~c-1,noCY')o~co,nM..-tCY')C-.CY')IOCY')~ooCY')..;i e-tioet)..:-o;ciu5io~Cl5o..;~te,(')ooet)~..-t~oo...:o~'e-i':'ooet)io..:~ ~ ~ ~;:: ~~ ~ ~ ~ t .;~ ;g~ ~~~ ;g~~~ ~ ~ ~ ~~ 1_e f...;o;ci~~..;,..;,...;,...; 00u5ci-:iioci..;~-.:!let)C'l~..;u5:5:,;-0 r-:-~ci~ tl) ~ ~ ..; 0 ~CY')COC'IC'l CY') CY') CY') ,-1,n,..:xi~'.::co,n~CY'),-1c-:1~,n-.:ie 0)r-10t--~ooocot--C'lc-1c-1-o ::. CY')-.140), CY')..-tlOt--O)t--:t:1roC'l..-1t0..-1 CY')C'IO~C'ICOO)IO~MCY')lO~C'l<NOOC'l'Xl..-t00CY')0)000,-tC'lt--O:O ..;i~..-1C'li:-1c-:1t--C1'0)t--cooo~,n0)..-1t000C'IOt--0)10...,.-00)~10txiX> fhggi~~gg~~igiiftfigfg~g-i~gig;fgf:;~;;~~~ q_~C'l~lfl~t-:~qqqC'IJ~~qq_~qc-1~qf;;q_'="_.M_C-!~og;~ ::i.: 6 ,nO)m,n ;)OOOC1'C1'C'l~...,.co,n:,:,CY')oLO:si..-t.-<O)C'lC1'C1'-ot--co,n ocoO)i:<10000mC'looCY')oc-1c-1 .. ooo:,,~r--OC'lCOO)COOC'lc-1M~~ ,n,n~1n,ni:ocooo cxn,oot--t--t0t--q;>t--oooo..-1oooot--oo..-1..-1 ..... ,..,....... r-1LO..-➔ oo~~~!:::S~~;'.:~C'l~ooai-0Cil~c-:1,coooo.-4,n...,.,no- ..... inoooo ..... ~,u"'•"',-u.,.-..,,oo....,-oc-1ooi, ..... O)cot--10..-t•'"OlooC1'0"" I I C?:a Ifh,-1c,,CY')C'IO)OO)C1'~10..-t..-➔ ~~~~~~~~S~~~~~~j~~~~l~;~~~:-~d'~~:1 ..-1,n~oocr.,,o~t--oot--~or--,n~o:o SA ·o· ""'i:Q ,..:, ~'d ~ :;:i A ::.. 00 c:i! & 9A ><I '0:::1 %o ::j ::.. 'di:Q ; 'o-C::: .::f c, ~ Q;> 8 i:i r;.. ~ <D o rn a;a ~ .!rnol-1902. ARTICLES. 30. 1900-1901. 1899-1900. $1 A.gricul. implements, value..... 16,~86,7!0 16,~13,4 4 16,0~9,149Bacon and bams .... ·--·----··lbs. 610, ,03,8=>6 672,694,544 708,568,141 do value·-· .. -·--·$ 1 60,67~,541 611,341,804 59,392,282 Beef, canned, value ............. $ 6,6 l6,139 5,307,501 5,283,982 do fresh and salted ........ lbR. 351,275,5ti2 407,B:S0,25 378,704,287 do do value ..... $ 32,148,91P 35,069,257 :-i2,538,221 Barley, value.................... $ 3,995,3113 2,~83,56fl 11.216,694 Books, maps,etch'gs &c.value.$ 3,997,977 3,472,343 2,943,435 Brass, and manufact. of, value.$ / 1,930,810 2,007,45 1,866,727 Butter......................... ll.>s. 16,002,169 23,24:-:1,526 18,266,371 do value ...................... $ 2,885,60~• 4,014,905 3,143,509Cattle and sheep, value ......... $ in,842,27:t 39,499,980 31,368,630 .Animals, other, and fowls .... $ 18,029,412 12,558,896 t2,d6,401 Carriages and horse and trolley cars, and parts of, value ..••. $ 3,27R,879 4.,210,10 3,794,138 3,017,!'>37 4, 195,0l i) 2,55-g ,323Oars for steam roadR, value .... $ 2,778,854 UaRings for sausages, value .... $ / 1,795,044 2,307,571 Cheese ........................ lbs. 27,~03,184 39,813,517 48,419,353 2,745,59, 3,950,999 do value..................... $ 4,943,609Chemicals, dru~s and dyes, not including medicines .... value.$ 1 O, 150,328 10,944,276 10,204,457 Clocks & watches & parts, val.$ 1 2,141,490 2,340,751 1,977,694' Coal, anthracite ............. ton I,570,49<, 1,912,080 -1,777,319 do do value ........... $ 7,l l 7,8D9 · 8,425,803 7,564,088 Coal, bituminous .........•.. tons 5,400,694 5,7fi3,-tn9 5,411,329do do value .......... $ 13,647,652 13,891,693 11,93~,725 Coffee, value ................ - ••• . $ 3,209.946 72,584 .. --···· Coke ....... - .. ·-·---· .. ---·-·tons 402,49fl ~65,8 8 363,202 do value.------·· .. ····-··-··$ 1,720,•n7 1.4Ci,497 1,232,921 Copper ore ... - ............... tons 25,076 10,106 7,285 do do value·--- .......... $ 2,601,697 1,346,707 1,009,288 Copper, manufac. of, value..... $ 41,218,373 43,267,021 57,852,960 Corn......................... bush. 26,636,~5~ 177,817,965 209,348,284 do value ....................... $ 16,18fl ,673 82,'>27,983 85,206,409 Corn meal, value ............... $ 1,046,643 2,065.4-<2 2,14-1,410 Cottoltne, lardine, etc., value $ 2,687,653 1,4!9,878 1,475,064 Cotton, Sea Island ....... 100 lhs. 122,31 . 113,739 182,000 do other............. 100 lbo. 34,885,47() 33,195,166 30,823,382 Cotton, Bea Island, value ....... $ 2,486,907 ·~.~:n,:"158 2,985,3713 do other, value ............ $ 288.lti,,912 311,4~5,8-i 23,.,847,359Cottonmanufact's-Colored.yds. 1-16,769,292 ll!'\,949,2Hl 87,~80,515do value ............. $ 7,359,288 6,5'\4,221'> 4,839,491 Uncolored . ............... yds. ,358,004,521 135,5!\4,132 264,314,474. de, value............ !f\ 18,501,90~ 7,581,812 13,229,443 All other ..................... ~ 6,247,166 6,136,3t! l 5,934,153Cycles and parts of, value . ..... $ ' 2,6~7,57i 2.5 l 5,R04 3,553,149 F~rtilizers, va~ue ... _. ........... $ ~.2~6,035 5.4~5,96~ 2,218,22~ Fish, fresh, dried, pickled, etc .. $ 6,503,199 6,7o9,4!:ia,427,469' Flax, hemp and jute, manufac· 4,f>75,2l9 4,302,~76 4,441,835, tures of, value................. $ Flour (wheat) ................ bbls. , 17,759,203 18,650,979 18,699,194 do value ...................... $ 65,661,974 69,4)9,21:16 67,760,88& Fruits (includ'g canned, dried & 8,719,3--14 10,826,f5l 11,642,662: preserved) and nuts, value ... $ 4,,104,448 5,030,20--1 Furs and fur skins, value ....... $ 4,503,96 1,936,119' 1,960,106 Glass and glassware, value .... $ 2,126.309 3,600,1392,319,2 t3 :1,113,898 Glucose or grape sugar ... value.$ 2,610,9.!5 2,944,322: Grease, scraps and soap stock . . $ 3,339 948 2,062,381 1,891,604 1,7L2,102 Gunpowder, etc., value ......... $ 2,580,622 992,741 Hay, value............. .... 1,476,870 $ Hops ........................... lbs. 10,715,151 14,96J,676 12,639,474 2,46--1,<il5 1,707,66 l/150,657 do value ....................... $ Horses,* value ................... $ 10,048,046 8,873,84.5 7,612,616India rubber and ~utta percha manufactures, vaine ..•..•.... $ 3,4.62,402 3,017,268 2,367,788 Instruments for scientific pur· poses, value ................... $ 5,389,476 7,361,231 6,435,766Iron and steel, and manufactures oft, total value ................ $ 98,!'i52,562 117,319,320 121,913,548 Jewelry,gold and silver, value~ 1,338,347 1,229,072 l,143,li38Lard ......................... lbR 5 5~,~*~,2 2 ~ 611,3~7,514 6f 8 13,6 6f do value... .................... 5 -, , 8 6 <± 46,50 11 ,148 , 9 3 9 ,1 6 Leather & manfact's of, value.. 2~,798,323 27,923,653 27,293,010, Malt liquors ..................... · 1,290,062 1,723,040 2,139,216 Marble and stone and manufac• I tures of, value ................ $ 1.761,696 1,63Q,314 l,677,169Medicines, pat. or prop .. value.$ 3,137,890 3,440,177 2,999,153 Mules,* value ................... $ 2,692,:'98 3,~n0,267 3,919,478 Musicalinst.anrlparts·of,value $ 3,694,143 2,780,796 1,958,779· N' k l . k l "d d tt $ 1 190 606 l 510 508 1 219 812': o~~s~:.~~~..~.~.~~ .~.~~.. 9:9n:139 37:146:812 41:369:u5· ,, ')38 11 , 76-;J,.'.-l30 12 504 654 uo val ue....................... $ 4 , 15" .:>,~ , , Oatmeal ....... . .......... value.$ 1,617.291, 2.:~08,649 1,547,900 Oil cake and meal. ........... lbs. 163.3353121 l 713842li7 1626834524 1 0 0·1 value ...... aii$ l, co tfOn·see d ............. g s. • , 4 • •• , , do value ........... $ 12,992,31-<3 H,541,321 14,127,538 Oil, illuminating............ galls. 84·) ,829,'170 781,20 - ,105 721,027,637 do value ..•....•.. $ 53,390,34'> 51,477,267 55,979,566 Oil,lubri.,&heavypar'ttine.galls. 76,035,611 71,457,603 74,583,769• do value .................. $ 10,274,743 10,006,937 9,";44,367 Oil, mineral, crude, including all natural oils ............... galls. 133,536,800 138.44Q,430 133,023,656 do do value ............ $ 6,084,818 6,686,929 7,364,102: Oil, naphtha, value.............. $ 1,677,738 1,l'>H5,60 · ~,016,802 Oleomargarine(includ.oleo).lbs . 144,267,342 166,642,112 150,995,748do value .................. $ 12,~56,490 12,330,874 10,920,400, Paints, pigm'ts & colors,value.$ 1 2,096,379 2,03t{,3 3 1,902,367 Paper and ru.an'f'rs of,value .... $ 7,312,030 7,4 '{ 8,901 6,215,833Parafflne and parafflne wax.lbs. 173,583,203 129,184,962 182,153,71Sdo do value .... $ 8,8~8,844 6,857,2i,8 8,602,723 Pork, tresh and salted ....... lbs. 160,067,949 169,372,197 159,14tt,588 do value .................... $ 1 13,770,026 12,3:'>l,170 10,169,569Rosin, pitch, tar, &c ..•..••• bbls. 1 2,5, 7,568 2,871, :1 41 2,425,899' . ao do value ...... $ 4.,302,:-n4 4,865,921 3,919,272Rye ........................ bu h 2,697,86~ 2,326', 882 2,355,792 do value ........................ S:I 1,581,491 1,:- 21,979 1,442,055 Seed, flaxseed .............. bush. 3,874,033 2,755,683 2,743,266do do value .......... ~ 6,031,887 4,319, 02 3,475,417 Seeds, other, value .............. :t 1,9°5,937 2,065.713 3,561,565Boap, value ...................... $ 1,630,938 1,1>69,180 1,774,024. Spirits, distilled, value.......... $ 3,011,894 3.054,7:l3 2,278,111 Spirits of turpentine ....... galls. 19,177,781' 20,240,851 18,090,582 do value .... $ 7,431,248 7, 715,n29 8,554,922: Sugar and molasses, value ...... $ 2,771,835 2,969,656 3,132,184 Tallow ........................ lbs. 34,065,758 7'7 ,16tt,8ri9 89,030,943 do value ...................... $ 1,924,577 3,H48,561 4,398,204 Tobacco (leaf) ................ lbs. 291,361-l,700 306,900,934 334.604,210do value ............. 26,881,641 27,475,466 29,163,086 Tobacco, manuf., value......... 5,669,!3~3 5,092.603 6,010,141 Vegetables, incl. canned.value. 2,546,287 2,598,417 2,853,278 Wheat ....................... bush. 154,856,102 132,0" 0,6t17101,950,389' do value ..................... $112,87~,222 96,771,743 73,237,080Wood and manuf. of, value ..... $ 47,779,848 52,445,585 50,598,41& Wool and manuf. of, value...... $ 1.525,826 1,568.760 1.687,601. t Including machinery, but not including iron ore. * Also included under animals, other. 1 e-( 0-d i... EXPORTS OF LEADING A.RTICJ,ES FOR YEARS ENDING JUNE ~,q_~1:t-:.-4~qq"tt-:lll'"'!."'i~Csls:!!.~~~":.~"'i":.'"'!.cq_s:!!.~--iqtqt--_ OIOC'l~OO-q!CO,C~-:jlt-,,-tc-lOO)t'-1"1c-lCl"COt--r-4t--t--lOt--lO~IOC'l ,.. .... ,... ..... ..-➔..... ,... ..... ..., f:~~~~~~~~:gg:~g:;~?2:gf2~~~~~t!:j~g~~~~ C00)"C'lc-lOOIOOlOOC-10)t'--CY') ..... 00,-10:,00,-<0)COt--r-4COO...,coooooin fh..;~r-:-u5,...;...,~cirorr5..;o; 1.:~coaci~...;croet)c:iootr5'o;~e•fofo;r-:OOO)M~Ct)t--~CO~OOt--OOMOOO),-tC'lt--c-1t---C!l10t--OM-.llt--s:i<O MC1'~t--C'ILO~oot--..-1cot--t--.-<O)ooooo~ooco..,c-i~c-10)01010oo ,...;u5,...;..;ci ,..; ,...;c,iaciio~Ct),t51f5ro,...;~~;:f~io..:-..;~,...; ..:- CY')O),-t~Ct,7"1,-tlOO)IOOt-,0),-1..l. M~COr---t--O)IOCO,-tCY')t,-0..-IIOO oo,...,... c--10) 0) ,no 0) c-1 t-- lO o o coo ;o ,n C'l"' o C'l co ,n ,n ..-1 oo ,-1 oo.,, ~-oco~m~t0C1'C'lb':lt--t--00C1'C'ls:i<t--oo~..-1~co,n~O)-.!IO•n..-1,n fh~~~gfi:iigf;i~:§~iggg~i~~iiaj'g-ggi;ii~ ~OO---➔ OOOO .... OCO~CY')(Oll:'1()1Q,-t01"1l':),:,.1,n;o0).-4~0)---➔ 0t--:t:ic-i r-:~~·..;:-i~..;ci,..,"oor:-=o;.a'°Ct)rocic:ic:i::i'..;~C'l-..;oi"oo..:-roet)r:-=:o ,...,..._ ........ ,...,......, ........ ,...,... ,...,... .... ,...,...,...,...,... .... ~,-1 .... ,..C'IC'l<Nc~c-, gg~~~g;~;::~~~~g;8~~~~~~~fci~~;i!jj;g~~;; ~t--0) ~..-1oooc-1C1'c-10)t0C'l..-tco-:-10,oooC'l10..-t,...C'lt--OC1'10CS1 oo..:-et5Ct)oo,...;,...~u5..;tr5'u5~~ooo:-r:"ooci:£io~~,...;i--:-Ct)i--:-ioo~ci fh~2~a;~~~t;,;~g:te~:g~~Sfogg0g;~~~~~~~~~~ cioor-:-r:-="'<l'~~~~cio~o..;~r:,:r:,:u500 ,...;;x;o;c,5c,5 0 -,s000u5~ 00 ,-1 ..-1..-1..-1..-1..-1 ,-1,-1,-1,..,-1,.. .... c,1 ..... ,-1c-1..-1C'IC'l~~"':-::~:-1 . 1 ~.'tU:ii. ~i•i1Nl~ ~•~g~•~!i ±:•i8i•~i~ ! YOTE.-Tota.Is of gold coin and bullion and silver coin and bullion in 1895 to 1902 inclusive, include gold and silver in ores. In preceding 7ears gold and silver in ores were included in merchandise. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i, TRADE AND COMMERCE. Tue following table, made up from the latest revised returns, shows the imports of leading articles (both quantities and values) in the last three fiscal years. It embraces all articles the imports of which exceeded $1,000,000 in value in any one of the years included in the statement. IMPORTS OF LEADING ARTICLES FOR YEARS ENDING JUNE 30. 1901-1902. 1900-1901. 1899-1900. ARTICLES. 51 1901·1902. 1900-1901. 1899-1900. ARTICLES. Sugar, not above No. 16 .• . . lbs. ................ $ 52,886,819 87,536,014 99,859,976 value do 390,998 2,1151,786 2,174,278 above No. 16, value.... $ do 2,711,912 2,875,104 3,582,884 Sulphur, c1'ude, value ......... $ 1,224,711 1,166,686 1,571,577 Sulphur ore, value ............. $ Tea................. . .......... lbs. 75,579,125 89,806,453 84,845,107 9,390,128 11,017,876 10,558,110 do v alue .................... . ... $ Tin, blocks or pigs .... . ...... lbs. 79,352,356 73,091,890 70,158,915 do value....................... $ 19,461,850 19,805,551 19,104,301 Tin plates .................. . . lbs. 198,996,086 117,880,312 147,963,804 4,799,796 3,770,062 6,065,624 value ................. $ do Tobacco, leaf ................. lbs. 29,428,f-37 26,851,253 19,619,627 value.................. $ 15,211,671 16,290,387 13,297,223 do 2,923,984 3,830,311 4,021,974 Toys, value ...................... $ 1,209,334 875,229 6,508,228 Vanilla beans, value•.........•. $ 2,935,077 3,719,679 7,039,835 Vegetables, all kinds, value.. . . $ 1,406,111 1,679,093 2,001,434 Watches andmovements, val. .$ 2,533,828 2,785,850 3.300,026 Wine in casks .............. galls . 1,744,736 1,942,322 2,143,433 value.............. $ do 626,069 684,910 733,074 Wine in bottles ...... .. . . .... doz. 5,676,759 6,276,914 6,777,705 value.. .. . ....... $ do Wood andmanufaoturesof, val.$ 24,427,704 19,754,205 20,591,908 2,405,630 1,586,402 2,057,850 Wood pulp, value............... $ Wool and woolen goodsW ool, rawt .................. lbs. 166,262,148 103,583,505 155,928,455 value .............. $ 17,711,788 12,529,881 20,260,936 do 5,129,529 3,968,218 4,800,838 Cloths, value . . ................ $ 904,296 858,951 999,913 Carpets ................. sq. yds . 2,748,793 2,705,659 3,447,776 value ................. $ do Dress goods ............ sq. yds. 82,858,042 25,379,909 25,343,998 5,872,085 5,379,251 6,404,617 value.................. $ do 2,414,039 2,532,178 2,731,232 All other wool va.lmnfs., .••. $ Argal, or argol. ..•........• . lbs. 29,276,148 28,598,781 27,339,489 2,388,693 2,476,482 2,263,588 do value.. .. . . .. .. $ do 3,571,R26 3,792,536 4,133,215 Books, maps, etchings, &c.,val.,.. 1,803,729 2,052,271 2,080,268 Bread.stuffs, all kinds. value ... $ 2,152,867 1,730,197 2,017,331 Bristles, value .•..••........... $ 977,513 1,151,016 1,142,385 Brushes, value.. . . . .. . ....... . .. $ Cement, Roman, Portl'd, etc .lbs. 423,844,160 638,770,499 942,568,687 3,270,916 1,478,452 2,198,891 do value .............•.....• $ 1,761,613 2,120,293 2,551,366 Cheese, value......•. . .......... $ Ohemlcals, drugs, dyes and med• iolnes (including those given here separately), value ....... $ 57,723,336 53,508,157 53,705,152 460,559 481,371 450,675 Cigars, 01garettes, &o ... . .... lbs. 2,299,923 2,401,273 2,411,783 vJLiue .....•............ $ do 926,111 1,214,564 1,036,977 Clays or earth, value . .......••. $ 1,707,076 1,941,4'.!2 1,977,23>1 Coal, bituminous ............ tons. 4,476,032 5,310,450 5,381,474 value. . ........ $ do do 4,890,072 3,881,045 4,951,346 Coal tar, colors and dyes, value.$ 5,657,283 6,656,504 6,472,829 Coooa, or oaoao, crude, value .. $ Coffee .....•................... lbs. 1091004252 854,871,310 787,991,911 *Including machinery, but not inoludingiron ore; also including the do value ....... . .....•....... $ 70,982,155 62,861,399 52,467,943 values already stated separately. 9,940,463 li,457,4 70 Copper, value ................... $ 10,968,948 t In.eludes hair of the camel, goat, alpaca, eto. 1,444,825 1,816,107 1,729,912 Cork wood, value ............•.. $ 7,960,945 Ootton, raw, value ..........••.. $ 11,712,170 6,787,828 Cotton, manufactures ofBleaohed & unbleached. dyed, colored, stained or painted, COURSE OF MERCHANDISE PRICES. Bquareyards .........•. ...... 46,212,325 40,763,027 65,047,853 7,020,779 6,125,602 do value.......... $ 8,513,905 do To furnish an indication of the course of merchandise Hosiery, shirts, drawers, &o., 5,363,515 5,462,217 4,715,762 value.• . ............••...•..•. $ we give the following table. It shows the prices values, Other manufactures of, val..$ 32,075,832 28,659,116 28,066,572 1,706,454 1,596,668 1,534,382 Cutlery, value ................... $ articles of merchandise in New York about leading of 1,158,904 1,274,445 1,083,644 Dye woods and deoootions, val.$ 9,680,156 9,472,869 8,645,265 the first of January in 1860, which was before the war Earthen, stone&China ware, val$ 1,736,458 Feathers and down, orude, val.$ 2,032,566 1,524,859 Feathers and flowers, artificial excitement had begun to affect the markets; on January 2,049,525 2,225,202 value .......................... $ 3,078,357 2,230,235 2,426,758 1,697,986 1, 1879, when gold payments were resumed; and for Fertilizers, value................ $ 8,289,524 7,056,565 7,358,086 Fish, value ...................... $ Flax, hemp, jute, &o., raw, val.$ 81,545,962 22,932,506 26,373,805 the past five years-1899 to 1903, inclusive. 32,762,608 39,037,387 31,559,371 m'f'rs of, val.. do do 21,480,525 19,586,703 19,263,592 Fruits and nuts, value••.••..... COMPARATIVE PRICES OF MERCHANDISE IN NEW YORK. 15,605,95~ ll,019,(Sfl8 12,060,124 Furs and fur skins, value...... . 4,849,163 6,013,963 Glass and glassware, value..•.. 4,912,482 January22,858,325 1,722,882 2,155,414 Glycerine, value .............. .. 5,534,259 6,107,765 5,366,881 Gloves, kid & leather, value ..•. $ 1860. 1879. 1900. 1901 1902. lllOS. 1899. 6,639,139 7,744,1133 6,884,704 $ Gums, value ..................... 2,055,536 1,680,145 2,694,190 Hair and manuf'rs of, value.. . $ c. $ c. $ c. $ c. $ c. $ c. $ c. $ Hats, bonnets, eto., and mate2,827,434 Breadstuffs2,798,109 3,050,478 rialtor, value ................. $ 2110 2 70 2 65 2 75 2 85 •Flour-N o. 2, ext ... bbls. 4 so S 90 381,417 1,128,610 1,019,743 Hay, value . ..................... $ 4 50 4 85 4 45 4 65 4 75 Patents . . ........bbls. 7 50 7 75 4 00 8 10 8 46 ::l 75 8 50 S 50 8 60 Hides and skins, value.......... $ 58,006,618 48,220,013 57,935,698 N 26 40 2 so 2 80 2 85 bO 2 8 90 8 Household and personal effects, 1 50 111 Nom'l. Nom'l. Nom'I. Nom'l. Nom'l 2,007,805 2,934,244 2,366,727 eto., free of duty, value....... $ +1:~a~1n'£:ri,t~~ol:~:: 1 80 711 75¾ 1-8!14 t!2~ 4,210,:n2 4,153,448 4,142,666 Horses, cattle and sheep, val .. $ 1 8Ul,4 ~ 66~ so West'n Spr'g, No. 2.bu. Ind.la rubber & guttaperoha.lbs. 60,939,248 55,556,089 49,804,816 tl{l 64 60 Rye, Northern ........ bu. ~ 60!14 59 val.$ 25,151,559 28,486,340 31,555,483 do do 87 42 543,fi 46¼ 88 Oats, No. 2, white ..... bu. 81~ 82~ Corn1,035,980 1,402,894 1,446,490 Indigo, value. .......... . ..... $ 90 47 57~ 29~ 45~ 701-fi West. mixed, No. 2.• bu. 84!14 Iron and steel, and manutao tCottontures of7!)4 11 8·90 9 7-16 fl 7-16 5¾ 158,961 39,325 61,100 Pig iron .................. tons 7-16 5 91-16 81-Hl 5-16 7 8·52 11¾ 3,367,172 1,355,231 value.............. $ do 2,109,501 Cotton goodsIngots, blooms, &o....... lbs. 202,555,407 19,844,640 32,223,218 6 5 8 4~ ~ s 3,506,375 8 1,281,329 do value................ $ 1,389,028 8~ 2¾ 8¾ 8¾ Total value* ................. $ 27,180,255 17,874,789 20,478,728 Fish7 6 6 6 60 7 Dry cod (Georges) ... . qtl. 4 50 4 25 1,151,854 1,049,034 Ivory, animal and vegetable,val. 1,021,968 16 00 2800 27 00 Nom'l. Nom'l. 29 00 No.l(Mass.)mackerel . bbl. Jewelry and manfs. of gold and 66 45 95 97 k7¼i 95 3,545,890 3,790,671 2,642,345 $ . silver, value ••••.•••••.•.... 9 11¾ 6~ 6~ 7~ 3,156,250 Hops, prime State ... .... . lb. ..i6 18 17 34 Lead,andmanufaotures of, val.$ 4,647,796 4,836,074 15 18 Iron6,519,172 5,021,839 5,701,193 Leather. value .............. . . $ Scotch pig ........... . . ton. 24 50 22 00 Nom'l. Nom'l. Nom'I. Nom'l. Nom'I. 1,926,903 1,737,097 1,667,256 Lioorioe root, value•.•••••.••••. $ 25 28 00 16 50 16 00 26 00 .... 17 00 128 90 Lime, ohloride of.. •••••.•.••. lbs. 130,251,696 110,960,523 136,403,151 4 80 4 37½ 4 00 412~ .... 4 00 1,464,019 Leather1,788,354 1,371,028 value ......... $ do do 9,829,336 8,tl36,116 Lumber, value ................. . $ 12,014,884 20 25 80 25½ 24U 75 3,569,096 75 8.! 75 75 3,643,393 3,324,765 Machinery, value ........... . ... $ 45 87 42 84 42 40 58 1,880,348 1,885,215 1,727,256 Molasses-N. Orleans ..gall. Malt liquors, value ............. $ 2,693,003 Naval Stores1,160,052 Manganese ore and oxide, val.$ 1,779,455 46 89 63 56 Spirits turpentine . • ;gall. 89½ 44½ 1 ~7¼ Marble and stone and manutao45 1 615 75 1 1 bbl. 60 1 ........ 1110 rosin 1156 Common 1,028,550 Oils1,641,388 1,275,602 tores of, value . ............... $ 2,674,911 2,908,469 3,817,866 Matting, inol. Chinese, value .. $ 88 Nom'I. Nom'l. Nom'l. Nom'l Nom'l. Crude whale ......... .gall. 52 81 Nom'l, 65 Nom'l. Nom'L 55 Crude sperm . ..... . ... gall. 1 40 Metal, metal oompositions, and 65 54 68 Linseed, Calcutta... . gall. 57 85 75 85 manufactures of (not including 5,570,127 Petroleum5,996,963 6,223,383 brass and Iron, &o.), value ... $ 7 20 7½ 9 90 7 60 8 80 Refined In bbls . .... .. gall. 8~ 899,524 Provisions1,037,696 1,123,923 Molasses, value ................. $ 1,090,541 991,726 1,000,489 Musical instruments, value•. .. $ Pork, mess ... . ......... bbl. 16 87¾ 7 05 9 75 10 50 18 01.l 17 25 16 50 6,817,780 7,097,431 9,300,198 8 ?5 10 75 9 00 Oils, value .............. . . ..... $ 9 50 1100 9 50 10 00 E~~~.~~~~~~•:gg{: 14 50 17 00 19 00 22 00 18 00 20 50 21 00 787,417 700,789 694,634 Opium, inol. prepared ..••••• lbs. 6 7 10 Hams, pickled ......... .lb. 9 12 2,189,721 2,232,308 2,855,759 value •.. $ do do 5·so 6·16 7~ 10·20 10•50 Lard, Western .... .. ... lb. 1~ 5•75 Paints and colors, value........ $ 1,603,181 1,487,122 1,535,461 19 28 25 Butter, prime State ... lb. 24 27½ 24 2,608,891 3,516,536 3,304,546 Paintings, statuary, &o., val. .. $ 12 11 12 10¾ ~ Cheese, fine factory .... lb. 11~ 3,795,646 Rice-Domestic .......... lb. 4,223,125 4,002,989 Papflrand mant'rs. of, value... $ 43,4 4!J,f 5 5¾ 5 4!14 Paper stook-Rags ........... lbs. 73,314,499 55,669,311 92,382,167 Salt05 1 70 115 92:l,t 90 sack. .... ground Liverpool 92½ 90 1,372,156 874,444 1,252,205 $ ................ . do value. 2 10 2 10 2 10 2 25 Liverpool,Ashton's.sack. 1 95 2 50 1,518,0501 1,309,242 1,889,622 All other, value ............... $ ... .... .... .... 105 120 2 25 llO Domestic flne.280•lb. sack 965,369 1,098,469 1,172,023 Plants, trees, shrubs, eto., val.$ 1,770,617 S~a6a~ fair refining .. . .. lb. 1,885,719 1,649,479 Platinum, value ................ $ 8 B¾ 13-16 813-HI 35-82 87-16 7¾ 929,986 2,345,294 963,356 Plumbago, value...... . .. . ...... $ 6 4•75 4·95 4•55 Refined hards ... ... .... . lb. 6 5 6 Potash . ...................... lbs. 222,195,733 203,462,724181,662,096 Tallow . ...... . . . .... . .... .lb. ·16½ 85~ ~ 40 87 27½ 27½ 27½ 3,437,160 Wool-XX: Ohio fleece ... lb. 3,870,oll 4,076,705 do value .................... $ Precious stones, out and unout unset, value.r .. •· ···· ......... $ 23,3-18,225 20,425,736 14,237,186 * FLOUR-"No. 2 Eztra in bbts." is now the common shipping flour to 3,510,696 2,649,466 2,285,383 Provisions, all kinds, value . . .. $ Great Britain, and is about the same as the "Wheat Flour, State," Rioe ann rioe meal. .......... lbs. 156,658,894 117,199,710 116,679,881 quoted in 1860and previous years-''Patents'' a.re the highest grades 2,279,036 2,324,898 2,926,921 do value ....................... $ and correspond with Eztra Genesee of 1860 and previous years. Seeds, vi.lue . .................... $ 3,252,152 4,038,919 1,795,048 f WHEA.T-"White No. I" probg,bly corresponds as nearly as any pr.esenli 1,019,731 552,942 991,007 Shells, value .................... $ grade with White Genesee in old olassifl.oation-" Red Winter No. 2" Bilk, raw ............... ....... lbs. 12,620,682 9,139,617 11,259,310 would probably rank with •·Red Western" of old olassiflcation. value.................. $ 41,714,331 29,353,777 44,549,672 do The other grades mentioned for breadatuffs oover same as quoted Silk, manufaotul'es of, value . . . $ 32,640;242 26,842,138 30,894,373 in old lists of prices in '' Hunt's Merchants' Magazine." 184,247 t CorroN-On Oct. 1, 1874,grades of cotton as quoted were ohanged by 203,609 192,321 Boda, nitrate of.. ....... . .... tons 5,776,566 4,736,807 5,565,361 value ........... $ do do the National Cotton Exchange. Aooording to the newolassifioation 3,401,265 3,563,109 3,685,242 Spices, all kinds, value ......... $ every grade was reduoeJ, so that (for illU.9tration) Middling aooord · 3,609,831 4,162,149 4,445,154 pro• (including Spirits, distilled ing to new olassiflcation was on that day quoted 3sc. lower than duct of U. B. returned), value.$ 29,408,232 38,652,692 40,.066,272 Middling of the old olassiflcation. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i - - --- --- --- --- -- c~~!~f.~~•~izie·.~~~:· ..u2 f6~~~!dW:!:1l?piaiict:lt: J;PJ~i'o~t~~iJ1E'64'.::: ~t 8W' oil~~ t i:~-t-\\Ptrmi ·.·.:: ·--~~.~r~: i·oo L~~i~i:;ie~\fc~.~:iool°t,~. L~~Bg:i~~~c~~ci.."t>il II" ½t~ :~¾ 18¾ .... J::~· ffi r,~'8 .J!' FOREIGN EXCHANGE RECORD. PRICES 1900-1902. In the tables which follow we furnish a record of the fl.actuations in the rates of exchange on London for each day of the last three years. The tables have been comp1led from daily posted rates of the leading foreign exchange houses in New York. Posted rates are fractionally higher as a rule than those for actual business. Tbe methods of quoting sterling exchange have varied widely in the past, but by the Jaw -of Congress of March 3, 1873, the Custom House valuation of the pound sterling was placed at its true value of •4·8666, and from January 1, 1874, sterling exchange has been quoted accordingly, the quotation when at par being *4·8666. The London Stock Exchange ea"1v in the year 1874 also made a change in its method of quotinst, but valued the dollar at 4s., or about 97¼ cents. This valuation, being 2¼ cents below par, is equal to a quotable premium of about 2¾ per cent, and accordingly the present London quotations of American securities are about 2! per cent above their actual value-a bond worth 100 here being quoted there at 102-f. 1902. January. Day. 60 d. Signt 1. ...• Holiday. 2 ....• 4 84½ 4 87½' 3 ..... 4 84¼ 4 87½ 4 ••••. 4 84½ 4 87¼ 5..... s. February. 60 d. SlgM. 485 488 B. 4 85 4 88 4 85 4 88 4 85 4 88 L J!~:~ ~~~:~ ! ~t~ :rs ~·.·.·.·.· 84 ~-6 8 7¼ -8 4 85·½.4 88 4 "" 0 s 4 88 March. 60 d. Sight. 485½-688-¼ S. 4 81>~-6 88-¼ 4 85¼-6 88-¼ 4 85½-6 88-¼ April. 60 d. Sight 486 488¼ 4 Q6 4 88¼ 4 86 4 &:I½ 4 86 4 88¼ 4 86 4 8'3½ ~~ 4 86 84 88¼ 4 85½-tS 8~½ 4 S6 4 88½ 8. 4 86 4 8ts¼ : gg~:i May. J:rne. 60 d. Sight. 60 d. Sight. 486-¾88½-9 4851 } 488 4 86-¼ SS½-9 7111 4 86-½ l:sts½-1! §~~ ::l. Sg½ R ¼ 4 86 4 88½ 4 85½.tt 88.¼ 4 ~ ~~ 4 85½:6 4 86 4 St% 4 So¼~ 88 -¾ 4 86 4 t18½ .½-tl -¾ 88 4 86 88 44 8 ½ ~~-1\ 88-¼ 486 48!:S½ 485½-638-½ ~ -~H8-~ 41:s6 s488¼ !t~-68~1 485¼~8&¼ 4 86 4 88!,,a 4 ~5-½ 87¼-8 85'}6 IL 4 86 4 88½ 4 &·½ 87½-8 4 ,,,.. 88· 7111 4 86 4 83½ 4 85·½ 87½-8 ! 8~-~ 4 86 4 S ½ s. ~- 8 ·7111 4 86 4 88¼ 4 85¼ 4 88 4 8~7e-6 88-½ S. 4 85¼ 4 88 4 8~~-6 88-½ 4 t46 4. 88½ 4 85¼ 4 ts8 4. 8.>½-6 88·½ 4 86 !l 88½ 4 85½ 4 8~ S6 8 ,L 4 887111 4 86 4 RS¼ 4 85½ 4 88 4 4 86 4 88½ 4 85½ 4 88 ~i§ ~~-~ 4 86-¾ 88½-9 . S. ·711 ,,.. 4."86-188½-9 4 85¼ 4 88 at~~~-~ 4 86-½ 88¾-9 ~ 4 86:½ 88¼:9 4 86-½ BR½-Q 4 85½ 4. 88 . ~. 4 86·¼ ':!S¼-9 4 86-½ 88¼-9 ! ~L ·:! t s.! ~· : ~:~ ! ~ ! ~t:1Wi~ ! gg U,~ Holiday. 4'-5¼-61-8-¼ 12. •• li:::::!~ !I !~:~!~ !g~t:i~ ll> .... .4 85 4 88 4 85-½ 4 88 4 86½-6 88-¼ 16 . . . . 4: 85 4 88 17 .••• 4 85 4 88 18 •.... 4 85 4 88 19. . • . S. 20 ..• .4 85 4 88 21. ... 4 85 4 88 22 ..... 4 85 4 88 23. 4 85 4 88 24 ••••. 4 85 4 88 25... 4 85 4 88 26..... S. ·!tr ~ 29 •. •. 4 85 4 88 ! ~ RanjleHi~h.485 48R Luw .. 4 84¼ 4 87¼ tL: ! ri::::: ~i ! Day. 65':i~'IDVnt 1..... Holiday. 2 .••.• 4 82--¾ Srl-¼ S ••••• 82¼-:-S 86>11•7 4 ••••• 82¾-3 86lt-7 5 .... . 82¼·3 86½-7 6..... S. 7 •.•. 4 533-½ 87-¼ 8 •••• .4 83-4 4 87-¼ 9 .... 83¾·4 87½•8 10 •.... 83¼-! 87½-8 11 .... Sa¼-4 87½-8 12 ... 88¼·4 87½-8 18. . . S. 14.: .. :4 84 4 88 l5 .... .4 8! 4 88 ~L ..: ~ : ~ 18 .. · ·. ·. ·.! 81·½ 4 88 19 4 88 ,z 84 -½ 20. . . . S. U ...• .4 84-¼ 88-¼ ~2 ••••• 4 84·½ 88-½ ~· ......1884-4.-~ ss-_¼ .,.. "' ,,,. 88 ¼ 25 .... 484-¼ 88-¼ ~ .. ... 4 84-¼ 88-½ 27..... . 8. ::.-:: t~:f 80 ... •· 84½-5 ~t.~ 88-¼ 31. .... 84¼-5 88-9 ~:~~:as Low •• 4 82 4 89 4 86 . s. 4 85¼ 4 88 4 35¼ 41-8 4 85½ 4 88 4 S5½-6 88-¼ 4 85¼-6 b8·½ Holiday. S. 4 85½·6 88-½ 4 85½-tt 88--¾ 4 85½-6 88-¼ s. 4 85½-6 88·¼ 4 85½-6 8 ➔ -¼ 4 85½-6 88-½ 4 85½-6 88-¼ 4. t15½-6 8H-½ 4 85½-6 e8-Xi 8. 4 85¼-6 88-¾ 4 85½-6 88-¼ 4 85¼-6 88-~ ! ~g~J ~~ !4 85¼-6 ~~:g 88·½ ~t½ 4 85½~6 88 _½ 486 4 cs5 !:s1 ! ! l si½ :g5 t~-g ! ! ~t: ! igJ:i:t 48R}9 486 488¼ 486½ 4811 486¼j.,S9 486¼ 489 4 88 4 85¼ 4 88 4 86 4 88¼ 4 85 4 87¼ 4 85¼ 4 88 July. 60 d. Sight. 486-¼88¼-9 4 dtl-½ 88½-9 4 86-½ S~¼-9 Holiday. Holiday. Septemb'r. 60 d. Sight. Holiday. 4 85 4 87½-8 4 85 4 67½-8 4 S6 4 87½ 4 85 4 87~ 4 85 87 4 86-}bl8½-9 s~ 4 86-¾ &%-9 4 86 4. 88½ 4 a.½-5 87-½ 4 86-½ 88½-9 Holiday. 4 84¼-5 87-¼ ! :~ ! ~t ! ·1~ at ~~:6 ::i !st 4 85¼ 4 89 4 d4¼ 4 88 4 85¼ 4 89 4 85 4 89 4 85½ 4 89 S. 4 85¼ 4 89 4 85½r6 4 8:• 4 85½-6 4 i-9 4 85J.(i-R 4 Ill! 4 B5¼·6 4 89 4 85½-6 4 89 S. 4 86-¾ 4 89 4 86--¾ 4 811 4 86-~ 4 89 4 86-¾ 41-19 4 86-¾ 4 89 4 86-½ 4 89 8 4 86½ i 89 4 86½ 4 89 4 86½ 4 89 4 86¼ 4. 89 4 86¼ 4 89 4 86¼ 4 89 s. 4 36¼ 4 89 4~½ 489 4 86 4 88¼ i 86 4 SS¾ !~ l~~ s. ! ~g ! M~ !486-½88½-9 t:~ =:& 448686 486-½s88½-9 4 86-¼ 1-8~-9 4 86-¼ t-8~-Q 4 811-¼ 88½-9 4 86-½ 88~-9 4 S6-¼ 88½-9 S. 4 S6 4 881,6 4 36 ! 88¼ 4 86 4 88½ 4 86 4 853½ 4 86 4 88¼ H6 4 88¼ 8 4 86 ;i, 88½ 4 86 4 88¼ ! ~ ! [~~ °i 88¼ ! 3t~ ! : 488¼ 495 4 87½ 4 83 4 96 4 88¼ 4 86 4 SB½ 4 86 4 8!% Holiday. 4 8tS 4 88¼ 4 86 4 88½ S. 4 86 ! 88½ 4 86 4 Bx½ 4 86 4 88½ 4 86 4 88½ 85½-6 88-¼ 85¼-6 88·¼ S. 85½-6 88-¼ 601~gs1:~t. 85½-6 fl8--¾ 85½-6 88-¼ 85¼·6 88-¼ S. 85¼-I\ 88-¼ 85½-6 1:8 ½ 85½-6¼ 88-9 85¼-6½ 88-9 85¼·6½ 88-9 85¼-6½ 88-9 8. 85½-6½ 88-9 85s·6½ 88-9 85 -6¼ 88-9 85 -6 88-¼ 4 85~ 4 88 4 85½ 4 88 4 85¾ 4 88 S. 85¼-6 88-¾ 85¼-6 88-¼ 85¼-6 88-¼ 85¼-6 88-¾ 85¼·6 88-¼ 85½·6 88-¼ S. 4 85¾ 4 88 4 85¼ 4 88 4 H5½ 4 88 4 85½ 4 88 41-15¼ 488 4 85½ 4 88 S. . 4 85½ 4 88 4 85¼ 4 88 ! ~ ! :~ t¼1 October. Novemt>er. Decemb.,,. 60 d. Sight. 60 d. Sight. 60 d. Sigh • 4R3-½48tt½4:84-¼87½-8484¼87½-8 4 8ll½ &l½-7 ::!. 4 84¼ 87½-8 4 83½ 86½-7 4 f'l4-¼ 87¼-8 4 &l¼ 87¼-H 4 83!1i 86¼-7 Holiday. 4 84½ 87¼-8 s. 4 84-¼ H7½-8 4 84¼187¼-8 4 84 7 8 4 84·½· 87-½ g~~:~ \~ ½· 4 84 4 87-!>1! 84½ 5 87½•8 4 84¼ 87½-8 4 84 4 57-¾ s. 4 SHi 87½-8 U~1 t~tiJ~~ ! t S.! gf: !485~ !488g: ~~:! ggtt~!~ ! ~ 83½-4 86¼•7 4 85 4 88 : 488½ 48H~86J.!i-7 484 7 !~¼-l~ -¼s~¼4 35½-6 88-½ 4 83-¾ 86-¼ 4 85½-6 88·¼ 4 83·½ dtl-½ S. 4 d3-½ 86-¼ 4 85½-6 88-¼ 4 83¼-4 8t1½ 4 85-11 7¼-8¼ 83½-4 86½·7 4 1-15-6 4 H8-¼ 83½-4 8tl½•7 4. 86-6 4 88·¼ s. 41-15-6 4 88-¾ 83½-4 86¼-7 i 85-6 4 88-½ 83¾-4 86½-7 S. 83¾·4 86½-7 4 Bl>-¾ 4 88 4 Sj¾ 4 86½ 4 85-½ ! 88 4. 83¾ 4 86¾ 1 4 83 ½l S6½ 4 tlo-¼ 87½-8 4 83-¼ 4 86¼ ,i, 85-1~7¼·8 4 83-½ 4 86½ 486¾ 480 486 4 86 4 88~ 4 85 mot. J~~ri13t. 60:.a1s~!ht. 60 t psl!iht. 60 d~'Mght. 60 i_ugrght. 60 i.u~1ght 4 85-½i 88¼-9 4 85 4 88-¾ 4 85½ 4 ➔9 4 85½ 4 89 4 85·¼ 88~-9 4 85 4 88-¼ 4 85½ 4 89 4 t!5¼ 4 89 t,. S. 4 85½ 4 89 4 85¼ 4 Sil 4 85-½ 4 89 4 85 4 88-¾ 4 85½ 4 89 4 85½ 41:sl! 4 85-¼ 4 811 4 85 4 88--¾ 4 85½ 4 89 S. 4 So-¼ 4 89 4 85 4 88-¾ 4 85¾ 4 89 4 35-½ 88¼-9 4 85-½ 88½-9 4 85 4. 88-¼ S. 4 85-¼ 88½-9 4 85-½ 88¼-9 4 85 4 88-¾ 4 85¼ 4 89 4 85-¼ 88½-9 4 85-"9 88¼-9 4 85 4 &:s-½ 4 S5½ 4 89 4 85-¼ 88½-9 8. S. 4 85¾ 4 89 4 85-¾ 1-8½-9 4 85-¼ 88½-9 4 85 4 68-¼ 4 85½ 4 89 4 85-½ 88¼·9 Holiday. 4 85 4 88-¼ 4 85¼ 4 89 . s. 4 85-¾ 88¼-9 4 "5 4 ES-¼ 4 85½ 4 89 4 85¼ 4 S9 4 85-J.g 4 ~8½ 4 81>--¾ 88½ S. U5½ 4 89 4 ~6-xi 4 88\ii 4 85-¾ 88¾ 4 !:15¼ 4 89 4 85¼ 4 89 4 85 88 88 85 !,H -,. ¼ ~ 84•Xl:f.,Xl ~~ 4 ~--¾ ~¼_ 4 85~ 4 8 9 4 85½ 4 89 4 85 71a r<r711 85•½ 887'd 9 4 85 7111 4 8 9 S. 4 85-½ 88-¼ 85--¾ 88½·9 4 85¾ 4 89 4 85¼ 4 89 4 84½-5 88-¾ 85-¼ 88½-9 S. 4 85¼ 4 89 Holiday. 85-½ 88!,g-9 85~-6 89-¾ 4 85½ 4 d9 484¾·5.ss-¼ 85-½ s.8x.-9 85~ ~80 8 8 °""" 6 88~iH .,..715 .. 85 n, "' 8 9 84¼-5 88-½ 85-¼ 88¼·9 85¼-6 89-½ 435½ 489 stt§-5 88-¼ 85-¾ 88¼-9 85!,i-6 89--¼ s. 84~'g°5 88-¼ 85;it, 88lii9 85½-6 89-¼ 4 85½ 4 89 4 5 488 ½ !~~ 485i489 !~~ 4 85¼ · 4 89 5 85½ ,i, 39 Holiday. s. 4 85¼ 4 89 August. 60 d. Sight. 486 488½ 4 86 4 88¾ S. 4 86 4 88¼ 4 86 4. 88¼ 48l½87½-l'l 484 7 ¾s~ ½·S 4 84½ 87¼-8 83½-4 86¼-7 s. 4 84½ 87½•8 83¼·4 86½-7 4 85 4 88 4 84-¼ 87½-"l 83½-4 86¼•7 4 85 4 88 4 84-¼ 87½-8 S. 84~-5 87¼-'3 4 84-½ 87½-8 4 84 · 4 87 4 84¼ 87½-1-1 4 84.·¼ 87>11·8 4 84 4 87 4 84¼ 87¾-8 s. 4 84 4 87 4 Si¾ 87¾-8 4 84-¾ 87¼ 4 84½ 4 87½ S. 4 84-¼ 87¼ 4 S<l½ 4 87¼ 4: 84¼ 87½-~ 4114-½ 8~½ 4 84½ 4 87¾ 4 84¼ 87¾-8 Holiday. S. 4 84½ ll7¼-8 4 ~-¼ 8'i ¼ 4 81 ~ 4 S!l·i ¼ 4 8<l-½ 87~ 4 84½ 87½•8 4 84-½ 87½ ! ~R: ~rJii~fi-s ! t:~ :~~:8 s. ! ~t~ ~it; 488 484½ 488 485 4 86 4 4 86¼ 4 >:i4 * 4 83¼-4¼ 4 86½-7¾ ieg:e§f:~t S. Holiday. 84½•5 87-¾ 84¾-5 87-¼ 4 84½ 4 87 84•½ 86½·7 * s. 83½-4½ 86-7 4 S;jJ-9.4 86-½ 4 83¼-4 86-½ 4 83½-4. 86-½ 4 83½-4 86-¼ 4 83¼-4 86-¼ S. ~ : ~~ ! ~ 4 83¼ 4 86 * 4 88½ 4 86 4 83½ 4 86 s. 483½ 486 4 83¾ 4 86 83¼-4 86-½ 83½-4 86--¾ 83¼-4 86-¼ 83 4 85½-l88-¼ ~~~½ fil~-8 ½ 86--¾ 85½-6 88·¼ 85-¼ 87~-8 83½-4 86-½ 85½-6 88-½ 85-¼ 87½-8 s. at~ gi~! J1: O 0 6o ~:tt. 83¼-4 86-½ 4 84 4 86¼ 4 84 4 86¼ 4 84 486½ 4 1:4 4 86½ S. 4 84-¾ 4 86½ 4 84-¼ 4 86¾ 4 84-¼4 86Xa 84½-5 SR¼-7 84¼·5 86¼•7 04~-5 !:6½-7 S. 8'½-5 86¾-7 8-!½-5 86½-7 488 484¼ 488 4 87½ 4 84 4 S'l½ lJ<:rri:~r 6:IJ~~em~~: 84½-5 87½-~ 84¼-5 87½-8 S. 84¼-5 87¼-8 Holiday. 4 84½ 87½-8 4 81¼ t!7¼·8 4 84½ 87¼-8 4 84½ 87½-8 S. 4 84½ 87¼•8 4 84½ 87¼-CI 4 84'6 4 !lts 84¼-5 4 88-¾ 84½·54 83-¼ 5 B. 4 68-¼ 4 8~¼ 4 88-½ 4 88-¾ 4 88-½ 4 b8-¾ 8. 84¼-5 83-¾ 84¼•6 4 88 84-½ 87¼-8 83½-4 87-¼ 83½-4 87-½ 83½·'1 87-¾ S. 485 4 !-5 4 85 4 85 4 85 4 85 t~:~ ~~:f 484½· t rJ":-4 ~it 85-½ 88¼•9 4 84 4 87-½ 88-½ 84½•5 1-6½•7 84,¼•5 86¼•7 S. 84½-5 86½•7 84¼-5 6¼•7½ 84¾-5 s1-~ 84½·5 87·¼ 84½-5 87--¾ 84¾·5 87-¼ S. 5 4 4 85¼ 88¾•9 4 ~ 4 85¼ 4 85½ 4 85¼ 485¾ 8ti¼-9 88¼-9 88¼·9 88¼-9 s. 84½-5 88- 1¾ 4 84½-5 4 88 4 85 4 88½ !~· it~ 4 i011<!a~¼ 4 84xi 4 87¼ 4 85 4 88½ 4 84¼ 4 87½ 4 87--¾ 4 84 4 87-¼ 4 84 4 87-¾ S. 484 487-¾ 4 84 4 87--¾ Holiday. 4 84 4 87-¾ 4 94-½ 87-¾ 484 87 -~. -¼ 4 84-½ 87-½ 4 84•½ 87-¾ 4 86 4 89~ 4 85¼ 4 89 4 86½ 4 89 4 86 4 88¼ 4 86¼ 4 89 4 95 4 87½ 4 85 4 87¾ 4 85½ 4 89 4 ~5 4 88½ 4 85¾ 4 89 4 85 4 88¾ 4 85½ 4 88½ 4 85¼ 4 88 4 85 4 87½ 4 8:J¾ 4 86 4 83¼ 4 86 4 84¾ 4 87½ 4 88¼ 4 87 • London Exchange closed. 1900. January. day. 60 d. Signt. 1..... Holidav. 2 .... •4 82-3½ 88-¼ 3 ..... 4~H-½488½ 4 . .. . 4 83~ 4 88½ 5 •... . 4 83½-4 88½ 6 ... . . ,1 83¼·4 88¼ 7. . . . S. 8 .••. .4 134 4 88¼ 9 .... 4 84.-¼ 88½ 10 •••.. 4 81-¼ 88½ 11 •••. 4 84.-½ 88-¼ 12 . •. 84-¾ h7¼-88 18 .. ... 84·¼ 87½-88 14.. ... S. l5 ..... 84-½ 87½-RS 16 ... . 8!--¾ 87.J,g-88 17 .•.• 4 84·¼ ~ 88 18 .. ... 4 94-¾ 4 88 February. 60 d. Sight. 4 85 4 8 ½ 4 85 4 88--¾ 885 4 8-¼ S. 4 85 4 88-½ 4 85 4 88-½ 4 85 4 88-½ 4 85 4 88-½ 4 85 4 88-½ 4 85 4 88-"9 S. Holiday. 4 85 4 88-½ 4 85 4 88-¼ 485 488-¼ 4 85 i 88-xi 4 85 4 88-¼ S. March. April. 84-4¼ 87½· 3¼-4½ 81-8 83½-4½ 7-8 S. 83¼-!l½ 87-8 8H½-4 87-½ 83½-4 87-¼ 83¾-4 87-¾ 4 Sj-4 87-~ 4 83-4 87-¾ B. 4 83--¾ 4 67 4 83-¾ 4 87 4 '-3-¾ 4 7 83-¼ 86½-7 83-¾ 8~-7 83-½ 86½-7 S. 8. 4 83¾ 4 87 483½ 4 7 h3¾·4 87-¼ 83¾•4 87-J.~ 83½-4 87-¼ 83¼·4 87-¼ s. 4 84-½ 87•88 84-½ 87-½ 4 94·½ 88-¼ 4 1!4½ 88-½ 4 84¼ 88-¼ 4 84¼ ·½ •S. 4 84¾ 88-½ 4 114¼ 88-¼ 4 84½ 88-½ 4 85-½ . 9--¼ 4 85-¾ 9-¾ 485-¾ 89-½ 4 85-¼ 9-½ 4 85-¼ l:sY·½ s. 4 85-½ Sll-½ 4 85-½ 89-½ 4 85-¼ 89-½ 4 85-½ 89-¾ 4 ll5-¾ 89-½ 4 85-¼ 89¾ . S. 4 85-¼ 39-½ H5-¼ 89--¼ 4 85-¾ 89-½ 4 1'5·½ 89-¼ 486-ij 89-¼ 485 89 ·1;. --¾ 4 88-¼ 83-¾ 86¼•7 84¼-5 88½-9 4 85½ 88½-9 ~:.-::t~:g ~:~ !~ !~~ ~U~ 21..... s. 4 85 ~L:•t4½:g g~:~ 84H?Jid~:½ trs."ti 24 ••••• 8-!~-5 87~-8 ~-85 68-¼ 4 83-¼ ~~:+ U~~ ~~ ~=❖ M½lBB¼-9 86-7 4 85-½ 89-¾ 25 .... 4 84~-5 4 88 S. S. 4 85-½ S i 26 ..... 4 84¾-5 4 8 84-5 87½-8¼ 83-¾ 86¼-7 85-½ 88-9 27 ••••. 4 84½-5 4 88 84-5 87¼-8½ 88-½ 86½-7 4 85-½ 8 28. • • . s. 84-5 87½·8½ 4 83¼ 4 87 4 85-¼ 8 29 ..... 4.85 488-¾ 483¼ 487 S so... 4. 85 4. 88½ 4 83¼ 4 87 4 85--¾ 89-¼ Sl. .. '.:485 488½ 483½ 187 RanjleAigh.485 488½ 485 488¼ 484¼ 488 485½ 489¼ l,ow •• 482 487¼ 484 487¼ 483 486 483½ 487 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May. June. July. August.,- Septemb'r. October. November. December. R:?¼-3 Stt-87 4 82-3 86-S7 82·¼85¼·6½ 82-½ 85½·6½ 82·½ 85½·6½ b2·¾ 85½-6¼ S. 81¼-2 85½-6 81 ½·2 85½-6 81-¾ 84½-5½ 81-¾ 54¾-5½ 81-¾ 84¾-5½ ol-¼ 8!1.½-5¾ S. 81-¾84½-5½ 4 81-½ 85-¼ 4 81-2 85-¼ 4 bl¼-2 85½ 81-¾ 84¼-5 4 82-½ 86--¾ 81-¾ 84¼-5 S. 81-¾ 84¼-5 482-¾ Ei6--¾ S. 4 52~ 8tl-½ 81--¾ 84¼-5 4 82- 86--¾ Holiday. 4 82 86-¼ 81-½ 84¼·5 4 82 86-½ 4 81-¼ 4 85 4 82· 86-¼ 4 81½ 85-¾ • 4 81½ 85--¾ 81¼-2 85¾-6 S. 81½-2 ti5¼-6 4 81½ 85-¼ 81½-2 85½-6 4 81½ 85-¾ 81½·2 85½-6 4 81~ b5-¼ 81¾-2 85½-6 481½ 485¼ 81¼-Hl>¼-6 4 81¼ 4 85½ s. 4 81¼ 4 85}t 4 81-2 4 85-6 S. 4 81-2 4 85-6 ~ui:~~~~ 0 a½~:~ , 4 81½-2¼ t 60 d. Sight. 60 d. Sillht. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 4. 85¼ 4 98¼ S. 84¼-5 4 85½ 4 88½ 84½-5 87-¼ 84½-5 :3. 4 85-¼ 88--¾ 4 85·!,g 88-¾ 4 85-½ 88-¼ 4 85-¾ 88-½ 4 85·¼ 88-¼ 4 85-¼ 88-½ . s. 4 85½ 88-½ 4 85½ S-¼ 4 85½ f:<8-½ 4 85½·6 88-¾ 485¼ 88-¼ 4 85½ 88·½ s. 4 86½ 88-¼ 84½-5 87·¼ Holiday. 84¾-5 87-¼ 4 86 4 87½ 4 85 4 87¼ 8. 4 85 4 87¼ 4 85 4 87½ 4 85 4 87½ 4 85 4 87½ 4 85 4 87½ 4 85 4 87¼ S. 4 85 87¼-88 4 85 87½-f-8 4 85 41-8 88·¼ 4 85 4 88¼ !<8--¾ S. 84½-5 88-½ Holiday. 84½-5 88-¾ 4 85 4 88½ s. 4 85 4 88¼ 4 85-¼ 88½-9 8!1.¼-5 f,8-¼ 4 S5-½ 4 89 84½-5 88--¼ 4 85-½ 4 89 84¾-5 88·¼ 4 85-¾ 4 89 s. 4 85-¾ 4 89 84-5 87½-8¼ 4 85-¼ 4 89 84-¾ 87¼--8 i;. 84-¼ 87½·8 4 85-¾ 4 89 St-¾ 87¾•1'1 4 84¾·5 ¼ 84-½ 87¼-8 485 488}i 84.-¾ 87¾-8 4 85 4 88¼ s. 4 85 4 88½ 4 84-¼ 87½-8 4 85 488¼ 4 84-¾ 4 88 t5~tli1~~ !t~:~ ag 485 fl5-¼ 87h;-88 4 84¼-5 4 88 4 85 H~ ~=ti;;=~~¼~~~ 84½I88-¼ !t 4 85¼ RS½-9 S. 84¼-5 88-¾ 4 85 4 85½ 88½-9 4 85½ t-8½-9 S. 4 85½ 4 88½ 485½ 488¾ Holiday__._ . 485¼ 4 ~ 34½-5 84¾-5 SHH 84½-5 84¾-5 84½•5 87-88 87-88 87-SS 87-¼ 87-¼ 87·¼ 84¼-5 88-¾ ~ 85 84¼•5 88-½ 84¼·5 88-¼ 4 85 t!4½·5 88-¾ 4 85 s. 486 8!i¼·5 88-¾ 4 85 84¼·5 88·¼ 485 s4 ➔8¼ at~ != i~Ui~:~~s. tf~ 4a½~J~~ l~½:~ ~~ 81~-2 86¼ 4 81¾ 4 85¼ 4 88¼ 4 84-¼ 4 88 483 4 4.8 ~. 4 88½ 4 84 87¼-88 4 88¾ 88¾-4 87¼-8 S. 4 BS¾ 87-7½ l 88½ 83-¾ B6¼-7½ 4 88¼ 83-½ 86¼-7¼ 488¼ 83-½86½·7½ 4 88¼ S. 488~ 485¼ 489½ 486 488½ 485 4 ~ 485½ 489 485 488½ 484¼ 487 484¾ 487 484½ 488 485 483 1 81½-:J 84~-5 81-82 !<4½-5 81-82 84½-5 81-82 84½-5 s. 81-¼ 84¼-5 81-¾ 84¼-5 81-,,;i Si½-5 S. 82-¾ 5½-6¼ 4 82-¼ .86-xi 4 82-¼ 86-¾ 482-½ 86-½ 4 82-¾ 86-¾ 48179 85 8~ ¾ 4 81¼ 4 85¼ Holida~ 4 81¾ 4 81 ½-2 85¼81½-2 85¼-6 81½-2 85½-6 S. 481½·2¼ * 488¼ 483 487 482¼ 4861,6 4~2¼ 486¼ 486½ 481 48!¼ 41:il 484¼ 481 485 • 4 85½-86 t 4 85½-86 4 85¼-86¾ * UNITED STATES SECURITIES. COURSE OF DEBT AND PRICES. The following table shows the public debt of the United States from 1793 to 1902, inclusive. In the year 1856, and subsequently, the totals given are the net amount of debt (not including accrued interest) less the balance of coin and currency in the Treasury. Bonds issued to the Pacific railroads are not included in the statement. For some of the years the figures printed below do not agree with those reported in the monthly debt statements issued by the Government, as a change in the form of the statement was made several times. We give the results on the same basis for all the years. The totals are for January 1 of each year from 1793 to 184:3, inclusive, and for July 1 (close of the fiscal year) since · 18'4, inclusive. The debt was at its highest on August 31, 1866, when it amounted to '2,766,431,571. UNITED STATES DEBT 1793 TO 1902, Year. Amount . I Year. 1793 ... $ 80,352,634 1794 .. . 78,407,404 1 795 ... 80,747,587 1796 ... 8 3,762,172 1797 ... 82,064-,479 798 ... 79,228,529 799 ... 78,408,669 1800... 82,976,294 801. .. 83,038,050 802 ... 80,712,632 803 •.. 77,0-">4,686 804... 86,427.120 805 .. . R2,312,150 806 ... 75,723 ,270 807... 69 ,218,390 808 ... 65,196,317 809 ... 57,023,192 810•.. 53,1 73,217 811 ... 4.8,005,587 1812 ... 1813... 1814.. . 1815... 1816... 1817... 1818. . . 1819 ... 1820... 1821. .. 1822... 1823 ... 1824... 1825 ... 1826 ... 1827... 1828 .. . 1829 ... 1830... Amount. $!5,209,737 55,962,827 81,487,846 99,803,660 127,334,933 123,491,965 103,466,633 95,529,64.8 91,015,566 89,987.427 93,546,676 90,875,877 90,269,777 83,788,432 81,054,059 , 73,987,357 67,475,043 58 ,421,413 48,565,406 Year. Am ount. Year. - - - - - ---- Amount. 1831. .. $39,123,191 1849 .. . $63,061,858 1832 ... 24,322,235 1850. . . 63 ,4 5 2,?73 7,001,698 1851.. 1833 ... 68,304,796 4,760,082 1852 ..• 66,199,341 1834... 37,513 1853. .. 1835 ... 5?.803,117 1836... 336,957 1.854 ... 4 ,242,222 3,308,124 1855 ... 1837. . . 35,586,956 1838 ... 10,434,221 1856 ... 10,965,953 3,573,343 1857. .. 1839 .. 9,998,622 1840. . . 5,250,875 1858 .. . 37,900,192 1841. .. 13,594,480 1859 ... 53,4.05,234. 1842... 20,601,226 1860... 59,964,402 87,718,6(';0 1843 ... 32,742,922 1861. .. 1844... 23,461,052 1862 .. 505,312,752 1845 . .. 15,925,303 1863.. 1,111,350,737 18,550,20~ 1864... 1,7<,9,452,277 1846.. 1847... 38,826,534 1865 ... 2,674,815,856 184.8 ... 47,044,862 1866 . .. 2,636,036,163 Year . Amount. 1867... 1868 ... 1869 ... 1870. . . 1871 . . . 1872 . . . 1873 ... 1874. . . 1875 . .. 1876... 1877... 1878 ... 1879... 1880.. • 1881. .. 1882. . . 1883 ... 1884•.. $2,508,151211 2,480,8 53,413 2,432,771,873 2,331,169,956 2,246,994,068 2,149,780,530 2,105,462,060 2,104,149,153 2,090,041,170 2,060,925,340 2,019,275,431 1,999,382,280 1,996.414, 905 1,919.326,747 1,819,650,154 1,675,023,474 1,538,781,825 1,438,542,995 - Year. Amount. --- - - 1885 .. . $1,375,352,443 1886 ... 1,282, 145,840 1887.. . 1,175,168,675 1888.. . 1,063,004,895 1 889 . . . 975,939,750 1890.. . 890,784,371 851,912,751 1891. . . 1892•.. 841,526,463 1893 ... 838,969,476 899,313,380 1894... 1895... *932,830,667 955,297,254 1896... 1897... 986,656,086 1898 ... t 1,052,085,492 1899••. 1,155,320,235 1900 ... 1,107,7ll,257 1901.. . 1,044,739,120 1902. .. 969,4 57,241 •· We have increased the amount for this date $31,157,700 to allow for the foreign halt of the Morgan-Belmont loa.n negotiated a.broad, which did not appear in the Government debt statement for June 30, 1895, though the money in payment for it bad already been received and -counted in the Treasury cash. t We have enlarged the amount for 1898 by $25,000,000 to allow for receipts up to that date (June 30) on subscriptions to the $200,000,000 new Government 3 per cents, such receipts having increased Government cash by a corresponding sum. It is proper to say that the augmentation in the net debt at this period would have been much heavier than ·that recorded by these figures ($1,052,085,492) except that during the fiscal yea.r the Government reoeived $60,201,885 cash from the Union Pacific sale, only $29,904,952 of which went to redeem maturing Pacific Railroad bonds. UNITED STATES DEBT STATEMENT DECEMBER 31, 1902. To bring th~ results down to the latest d1te, we add the official statement of the public debt as it appears from the Treasurer's returns at the close of business on the last day of December, 1902. INTEREST-BEARING DBBT DECEMBER 81, 1909, ASSETS. LliBILITU:8. 7\-ust .Fu.ind Holdings1rust ll'und IAab,HtiuGold coin................ . SS<iS.664 ,069 00 <,, ,Jld oerttflcatea..... . .. $888,Mi,089 00 Silver dollars ............ 468Jl67,000 00 P •1ver certl1lcates. . . . • •.. it18,967,000 00 7,ti• of Loa,npa,11a,ble. Stiver dollars of 1890.... 996,888 00 'l eeasury notes of 1890.. IU,068,000 00 21, Consola of 1980..... §.-J. U6,940,f60 488,276,800 7.666,4-50 4'6,9i0,'760 Silver bullton of 1890... 28,057.667 oo 81, Loan ot190S-1918.. .-F. 198,?99,660 66,088,800 '1.477,860 97,&16,6110 Total trust funds ..•. . '878.57-.069 1Jll •rot.al trust llabilitlea.. lti76.~7i.069 ou ••• Funded loan, 1907•• .-J. 7'0,924,800 lBi,682,260 ,8,1546,tOO 283.178,6(50 General .Fund Ho!d,noata Retund'Kcertl1lc's.§.-J. i0,012,7&0 ........ ........ 81,280 Gen. Fund IAabiHtw••• Loan of 1926 .. .. ....-F. 162,816,iOO 91.608,760 26,8'll.160 118,489,900 Gold coin and bulllon •.. 183,689,018 71 N tt.tlona.l bank 6 per cent h, Loan of 190i....... .-F. 100,000,000 11,1166,050 7,720,000 19~,050 Gold certificates........ . 87,146,260 oo rund., .. .. ... ... ........ $16,170,71761 Silver certificates........ 6,886,368 00 880,884 00 0 :itstandingcheclta and Agg'te Int.-Bearing Debt.1,687,986,860 782,219,850 182,290,860 9H,Ml,IHO Silver dollars.. ........... llratts. . .... . ........... 7,869,268 88 Silver bullion...... . ...... 879,498 76 fiOTll:-Denomlnatlons of Bonds are: United States notes..... 2,1110,15@ 00 Dtsburalng officers' bal• Of SlO only refunding certificates; of S20 loan of 1908 coupon and registered ances. . .... . ....... . . .. • 66,884,272 88 Of i6Q all issues except as of 1908; of SlOO all issues; ~ Pust Office Department 011600 all exceot 5s of 1904, coup.; of Sl,000 all issues: Fractional silver coin... 6,4lll,t05 70 I\OCOUnt ...... , 8,ilSlil,747 87 Of 15,000 all reglste'd 2s,Ss and 4s: of u o.ooo all registered bonds; Fractional ourrencJ . 188 ll8 M 1soellaneous lteD1J1,.... 2,?6t,7'f 70 Of $20,000 regist. is loan of 1907 of sso,ooo registered 2s of 1930. Minor coin-............ .. 686.?8:i li8 'l'otal gen..llabllltles. . :&iw.0111, 701 84 Bonds and interest paid 16,41810 DEBT ON WHICH.INTEREST HAS CEASED SINCE MATURITY. Tot. in Sub-Tr easurles.1164.2Q0,682 91 Nov.2Q. Dec, Sl. 0 /Uh. Balance cl: Besen,irIn Nat. Bank Deposltaries.runded Loan of 1891, continued at 2 percent, called Credit of U. S.llt2,i26.tU. '12 T~!~~~Pa~1 :_eserve . . $86",(09,SBO ~ a1s2.100 oo (;,edit Treasurer May 18, lQOO; interest ceased August 18, 1900 S132.700 00 U.S. d.isb.offlcers 7.790.184 oo 68,060 00 l'unded Loan of 1891, matured September 2 1891.. 68.050 00 $2H,409,880 29 T otal in banks ... .. . .. . . IJ6u,H6.bY8 72 A vallable 1,059,960 16 Old debt matured prior to Jan. l, 1861 ....... .. ...... 1,060,060 26 and Ruerve .Fu.ind Holt.iinosR eserve Fund '1,2615,'110 16 G uld coin and bullion .. . 1100,000.000 Debt on which interest has ceased ........... . .. Sl,'.!55,81016 G .ild & bull.SL60.000.000 00 Grand total. ..• ••• •• • •-l-,&i - l,-ll:f-1-,2-0-U-118 Gr a nd total ....... . . . S1.H1tl.0Ml,200 6S DEBT BEARING NO INTEREST, OnitedStatesnotea .................... .. ........ ..... .. .. ..... . ..... $34.6,681,016 00 , Old demand notes...................................... .. ........ .. .. 68,847 60 TREASURY CURRENCY HOLDINGS.-The following compila:ra:~i~~:1~~~~t:;:i!:W~~t~~~le°s;~~~J·a~·iosi'or·(1esiroyed tion, based on official Government statements, indicates the :mrrency holdings of the Treasury on the:, 1st of October, Aagreaateo:tdebtbearin,rnointerest ...... . ............. .. .... ss95,777 .io968 November and December, 1902, and January, 1903. Jnt,re,t .d.moun.t '"let.I. ---Amount Outstan<&ino.-Reo,,~ret.i. Oou/on; 7o~, - - - - - - ----- i~ifg:~ri~~e:iit~~~:: 10.m:~i: ----- °'' '::i~~::s::g RECAPITULATION. Inc, or Du. Dec. 81, 1902, No'!J. 80, 1901. s I I Interest-bearing debt.. . . . . 914,Mt,240 oo 914,1541,240 00 Debt, tntereat ceased....... 1,~65,'i'lO 26 l.i5f>,810 26 Dec. SlOO 00 Debt bearing no intereat... 896,'7'17,109 6S 896,876,819 68 Dec. 1,098,710 00 Ola.11,ftca,Uon of Debt- Total groaa debt" ....... 1,Sll,6'74,069 891,812,672.Rl\9 89 Dec. 1,098,810 00 Cash balance in Treasury•. ~~i,40~.880~ SM,676,588 09 Inc. 9 , 8 ~ 0 Total net de'bt...... . ... 9'7,164:,679 60 968,~97,281 80 Dec, 10,982,602 20 • Includ1ngS160,000,000reaerve fund. The foregoing figures show a gross debt on Dec,. 81, 1902, of Sl,811,574,059 89 aud a net debt (gross debt less net cash in the Treasury) of $947,164,679 60. TREASURY NET HOLDINGS. ____________, Holdma, in Bub-Trea,uru •- Oct. 1, 190i Nov.1, 190:l Dec.I, 1909 Jan.l, 1903 S s i t, ~etKold coin and bulllon. .. . ..... 186,12','171 268,G42,9SS 26-l,967,774 270,777,264 ofet silver coiu and bullion....... lli,Ooti,861 7,i55,i 211 7,04:6,1178 7,096,699 liet U.S. Treasury notes.......... 9',21 1 i7,?22 lllI,486 182,514 ~et lel{al-tender notes . ....... . ... 8,'i'6o,uso 8,0U,934 2,897.'76 2.910,168 "et national bank notes...... . .. H,610,889 lS,468,86\l 18,302,019 16,251,259 iet fractional silver.......... . ... 8,082,871 6,909.608 6,t28,218 6,419,206 - - - - - - - - - ---- Oashin Sub-Treasuries . ..... . 824,718,,~s 2Q4:,,66,'78 294,'778,944 SOS,687,158 a.mountin national banks........ 1SS,98l!,197 146,886,018 U8,9ll,818 Ui0,916,699 Oa•b In banks &sub-treas ... 4118,6II0,680 441,851,491 443,685,\'!62 468,808,752 Deduct current llabllltiea.• .... l:!7,897,286 s,,929,618 89,10Y,67i 89,89i,87ll --- --- ------ 871,268,SV• 81'.16,-iBl,8?8 8M,M6,688 S6i,409,880 TREASURY CASH AND DEMAND LIABILITIES,-The cash hold• Gold reserve :fund................. 160,000,000 160,000,000 160,000,000 160,000,000 tngs of the Government as the items stood Dec. 81 we have Available cash balance .. .... n1.2~s.s94 200.,21,878 204,676.688 21uo0.S80 prepared from the Treasury statement of that date. • "Chiefly diabursinii offlcera' balances." https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PRICES OF UNITED STATES BONDS. In the f9llowing tables are shown the high.est and lowest prices of U. S. Government seourlties for er.ch month from 1880 to 1902, inclusive. In the drst-mentloned yeiu the total debt was almost nominal. Then followed the war period till April, 1865; thence th.a period of speculation untll September, 1873; thence the period of recuperation till the resumption of gold payments on January 1, 1879, and the subsequent funding of the maturing bonds into new bonds at 4½, 4, 3½, 3 per cent, and :finally in September, 1891, the extension of ' ½sat 2 per cent, payable at option. In 1894 a somewhat different era began with the issue of 100 million dollars of 10-year 5 per cent bonds to meet d e:fiotenciea in revenue and make good the depletion of the gold reserve, followed by the issne in 1895 of t62,300,000 of thirty-year 4 per cent bonds, under the cel~brated contract with the Morgan-Belmont Syndicate, to protect the gold reserve, and another issue of 100 million dollars for the same purpose in February, 1896. In 1898 the war with Spain led to the issue of t200,000,000 of new 3 per cents. In 1900 refunding of the existing debt (all except the 4s of 1925) Into new 2 per cent console was urovlded under the Gold Standard Law. This refunding progressed untU December 31, 1900, when the Secretary suspended the privilege. The extended 2 per cents were paid off. Sinking Fund purchase■ continue to reduce the outstanding amounts of the various issues from year to year. I S60. JANUARY FEBR'RY. --- SECURITIES. - MAY. APRIL. MARCH. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER . Low. High Low.High Low.High Low.High Low. High Low.High Low.High Low.Hig-h Low.High Low.High Low.High Low.I ---- - - - ---- . ... 96 - P,:'. U . S . 6 s of 186 8, coup .... 106½-107 1()6 -107¼ 106½-107¼ 108 -108¼ 108¾-109½ 108 -108 108 -109 109 -109¼ 108 -108½ 107¾-107¾ .. .. 1 99,¼-100 92 - f; 99¼-100½ 100½-102¼ 102 -102¾ 102¾-103 100½-100¾ 101 -102 102 -102 102 -102½ 93 - 98 U. S . 5s of 1 8 6 5, coup .... 98 -100 89 - C.. 95 -108 lJ. S . 5s o f1874, coup .... 99¾-100½ lOQ¾--100½ l()()¾-101¾ 103 -103)41103 -103¾ 103¾-104½ 101¼-102 102 -103 102~;-103¼ 102½-108 - IS61. U.S. U. S . U. S. U. S . U. S . 6 s ofl 8 6 8, coup .... l 98 -100 6 s of 1 881 , coup ... . . .. . - .... 5 of18 65, coup .... 90¼- 92 5 s of 1 8 71, coup ... ·1 91 - 98 5 s of1 8 7 4 , coup .... 92 - 97 94 -100 98¼- 98¾ 86 - 91 87½- 91 85 - 98½ 95 - 95½ ll5 91 - 94 84½89 - 92 91 ... . 85 85 - 90 75 - .... - 1)5 94 91¾ 85 89½ 86 - 95 84¾- 89 85 - 86 78 - 80 75¾- 79 88 - 90 83 - 85 87 85¼85½- $.13.¾ 86 77½75¼- 79 75 - 78),( 76 - 90 90¾ 89 80 82 87½- 90 88 ;_ 87¼- 89¾ 89¾85 - 87 86 - . .. . 79½79½78¾- 81 ... . 90 91¾ 87¾ 81 81 90 91¾87¼81½81¼- 90 95¾ 89 85 ad l:'2 98½87¾82½83 - 92 95¼ 89 86 86 97 89 86¼82¾79 - 98 98¼ 88¼ 83 83 IS62. l . S. U. S . U. S . U.S. U. S . . S. Gs of 1 868, con1> . . .. Gs of 1 SS1 , cou1>. .. . 5s of1S6.-S, cou1, . ... i>s ofl 871, conp . ... 5 of 187 4, coup .... 6 s, ce1·tificates ...... rT. ~- 7 3-l Onotes ........ 85 87½85 79½78 - 90 91¾ 86½ 80 80¾ .... - ... . 07½- 98 90 88½86¾79 78½- 92 93 90 80 85 92½- 95 92¾- 94¾ 90¾- 98 88 - 88 85 - 88 .... - . ... 97 - 97 98 - 99¾ 99¾-100 9-! - 97 97¼-102 108½-107¼ 92½- 98 97¾-105½ 105½-107¼ 92 - 92½ 93½- 9798 - 99 .... - . ... 98 - 96 96½- 97 89¼- 96 80¾- 90 95¼- 97½ 96¾- 99 99 -100¼ 100,¼-100¾ 102¾-105¾ 104½-106¼ 99¼-101½ 96½-100 96½-108 IJO - 92 86½- 86¾ 85 - 91 98 - 99 99 -105¾ 1 96½- 99½ 96½-100 103 -103¼ 101½-102 102 -102 98¼-101,<i 99 -102¼ 102 - 104¾ 108 -104½ 102¾-104¾, 94 - 94 94 -95 96 - 97 97 - 97 95 - 95 88¾- 90 89 - 91 92½- 98 .... 91¾- 92l},i 88 - 91¾ 91 - 94 91½- 98 85 - 91 91½- 92}~ 98¾- 99% 98¼- 99¾ 98½- 99¾ 97½- 99¾ 94-¾- 97!}.i 108 -103 102¾-105½ 102¾-104¾ 10S½-105¾J100½-104 14. .... - I 1863. U . :!!!. 6 1!1 of 1 ~8l., coap ... W:1(-W ~-lcr~ 96 - 99 U.S. 5 s of 1 8 6 5, coup . .. 85½- 97½ U. S . a s of 1 8 7 4, coup . . . 86 - 90 U. S . 6 s, g old certifica tes 94¾- 97¼ 98%- 99 U . S . 6 s, cu1·rent certs ... ... . .... .... .... (] . S . 7 3-10s, A. & O .. .. 100 -108 101¾-105½ U. S . 7 3-1 0 s, F . & A .. .. 102½-108 102½-104½ .... - ... - - ,..,._,_ ,_, . ._,_l'w,._M~ m,.-uu ['~ . , .,-, ['--""'' ~vo - .1u7 .LUU9(- llU9:i .10~-.1.l(l'A ... - .... .... - ... . 117 -125 106 ,-108½ 104½-105 105 -105 . 98¾-100 97 -100 96½-101 98¼-100¾ l{JO -100 97 - 97 100¾-101¼ 98½-101¼ 100 - 101¾ 101 -101¾ 101%-102½ 98 -102¼ 98¼- 99 96 - ''"' 97 - ll9)< 97¼- 99¾ ""¾- 99J< 99¾- 99% 99 - 99½ 106 -107½ 108½-107¼ 105 -107 105¾-107¼ 106½-lO'i¾ 105½-108¾ 105¾-107¾ 106¾-109 107 -107½ 105½-107½ 105½-107¼ 105 -106½ 106 -1-08 106 -107¼ 99¼- 99% . •• • r •••• 104 - 106 94 - 98¼ 95¼- 98¼ 97 - 98 98¼-100¼ 99¼-102 101 -102 ""'I 00!1(-lOO>i 96 104¾-107¼ 104½-106 102¾-107 104 -107 .1~-.1..10 124 -127 98 - l OOJ.t, 101¾-102¼ 98 - 98½ 106½-106% 106½-lO'f¼ IS6'1. I U, S . 6 s of 1881, con p ... 1104 -107 106¾-111½ 111¾-118¼ 113 -118 118 -115 1111 -114 U. S . 5 -20s, coupon .... . . 101½-104% 10$¾-107 107 -110½ 105 -114 !05½-107¼ 101 -106¾ u. s . 1 0 -40s, COUl>On ..... . . .. - .... U. S . 7 3 - 10s, A . & O .. .. 106¾-107% 107¾-111 U. S . 1 year ce1•tificates. 97¾- 98¼ 97¼- 99½ 99,¼- 99¼ 97¾- 99¼ 98¼- 98½ 92¾- 98¾ ii'i l04¼--l-1106¾- :1;;··1i08¼:11;· -;;;;,.:,;;· ·J;os :1io· · 102 -106¼ 104¾-109¾ 106½--109 ll3 112§§-118 101½-109 106½-113 105 -111¾ 106½-108½ 100½-107¼ 106,¼-110 108 -108½ 95 - 99 92½- 96½ 94 - 99¼ 98½-102¾ 102¾-107½ 107 -112 107 -112 104 - 108¾(07 -124 116½-122~ 94½- 95½ 95 - 98 96 - 977Ai 93 - 96¼ 98¾- 95¾ 93 - 95 1 S6 6 . U. S . U.S. U. S . U. S . U.S. U, S . 6s of 1881, coup ... 5 -ZOs, coupon ...... 5 -20s, new, coup .. 10-40s, coupo n ..... 7 3-10 notes .... .... 1 yea1 certificates. 109½-112¾ 109½-111½ 106¾-110 108¼-112 106½-110 108 -111 100½-102¾ 100%-1027/4 114 -119 115 -116½ 96%- 98 97%- 98½ 103½-lll,¼ 105 -110¾ 108½-110¾ 104¾-111¾ 105¾;-109¼ 102¾-107 100¾-llCJ¾ 105¾-109¾ 102½-lOtl 89¾-102¾ 91½- 97¾ 9-l¼- 97:)f 114 -114½ .... . 99½- 99¼ 26½- 98¾ 98¾- 99¾ 99 - 99½ ... 108¾-110½1106½-108¾ 1013 -107¼ 107¼-108¼ 106¾-108¼ 102 -104¾.10S¼-106 105½-106% 105%-108¼ 101;14-105¾ 103 -104 10$¾-105¾ 104 -105 105 -106¾ 101 -10S 98 - 98¼ 98%- 94½ 92½- 94¼ 94¾- 97¾ 96¾- 98 99½- 99% 99½-100 98¼- 99¾ 98 - 99¾ 97 - 99¼ 97¾- 99% 99¾- 99% 97¾- 99¼. 97½- 98¾ 98½- 99 105¾-10'>¾ 106¾-108799¼-108 100 -105 9 ¼-101¾ 99 -102 89-¼- 92¾ 90¾- 95 96¼- OSi 95%- 99 96¼- 97¾ 97½- 9" ' I S66. ( j . ::,. d ,; o t 1881, coup .. · JlO<l¾-104% 103¾-104½1.1.04¼-105¼ lv-!%-.1.u.:>½ lv7 -.1vli½ llvi,72-llUJ1jl.1.Utl¼-llO n. S . 5 - ~0s of1862 ....... 102¾-105 102¾-108¾ 108 -104¾ 1 1C3¼-106¾ 1 100:lfr-102¼ 101½-104¾ 1 U.S. 5 -20s of1864 .. · · .. . 101½-102¾ 102 -103¾ 102%-104¼'108¾-105% 101¾-102¾ 1102 -103¾ 1 . S , 5-24Js of 1865 .. :~ . . 101½-102¼ 101%--108½ 108 -104,¼ 104 -106 101¾-102¾ 102¼-108½ U. S . 10-40s ... . ......... .. . 92¼- 98¾ 98¼- 94¼ 90 - 92¾191½- 96¼ 94 - 96½ 95-¼- 97¼ U.S. 7 3-1 0 notes, 1st... 98¼- 99¾ 99,¼- 99¾ 99½-100¼ 100 -102 100½-102¾ 102 -108¼ U.• s. 7 3-10 notes, 2cl.. .. 97¾- 99¾ 98¼- 99¾ 99¼-100½ 99%--102 101 -102% 102 -108¾ 7 3 -1 0 n otes, 3 <1 .... 1 97¾- !l9 99 - 99½ 99 -100¼ 99%--102 100¾-102¾ 102 -108¾ 1 e: s. 109:½-ll::i¾ 110¾-112 ,11;½- lfo~ 112 -114¾ 109¾-118J4 104¾-108% 108¼-118¾ 1077,1-112½ 111%--115¼ l07IA-110% 105¼-108¼ 103¾-106 105½-110 108 -109½ 109¾-111 105¾-107¾ 104¾-107 108½-106¼ 106 -109¾ 107¾-109¾ 109 - 111¾ 105¾-109¾ 104,¼-107¼ 97¼- 99 99 -103¼ 97½-100¼ 09¼--100¼ 99½-100¾ 99 -100¾ 108 -184½ 104 -107¾ 105½-107½ 106 -107 105 - 108¼ 104 -105¾ 108 -104½ 104 -106¾1105¼-106¾ 105%-106¼ 104 • ◄ '16¼ 108%-105¾ 103 -104¼ 104 -106% 105 -106½ 105½-106¼ 104 - 10·174104 - 105¾ 186'2'. U.S. U. S . U. S . ,U , S . U. S . U. S . U. S. 6 s of 1 881, cou p ... i>-20s of ' 62, coup . 5 -20s of' 6 4, c oup. 5 -2 0 s, ' 6 5, c.,M&N 5 -20s, '65, c., J&J 5 -20s of' 6 7, coup .. 1 0-4 0 s, cou pon ..... 108¾-110¼ 108%--110¼ 110½-112 111%-113¼ 109 -110¾ 110¼-112¼ 110¾-112¼ 110½-112¾ 112 -:-118¼ 111¾-112% 108%-111 110¾-111¼ 107 -109% 109¾-110% 110%-112¼ 111%-114% 110¼-115¼ lll½-118¾ 1077.,,&-108¾ 107 -108¾ 107¼-108 107¾-109¼ 105¼-106 1053,4-107¾ 107½-109¾ 109 -110% 108%--110¼ 108¼-109¾ 105 -105% 104½-106 107¼-108¾ 107¼--109¾ 105%-108 106¼-107¾ 107¾-109% 109½-111¼ 109%--111½ 108%-110¼ 105¼-106¼ 104¾-ltl.t., . 106½-107¾ 107¼-107½ 107¼-108¾ 108¼-110½ 106½-108¾ 107¾-1087,11 1~-109 l0{)¾-107% 107¾--108 107½-10~~ . ... .... . .... 107 -108¾ 1077/4-108% 'li07¾-109 106¼-108 107½-108 107½-109 99 - 99% 99~-100½ 100½- 102¾ 102¼-108¼ 9i¼- 997/4 99¾--101¾ 100¾-102¾ 100¾-161 99¾-101¾ 97½- 96¾ 97%- 99 106½-108¾ :07½-110½ 106¼-108 107¾-111¾ 105_¼-106 105¾-108¼ 105 -106¾ 105¾-109½, 108%--104¾ 104¾-106% - .... - .... .... - .... .... - .... ... - ... 99¼-100 .. - 1S68 . 118½-114½ 118 - 116¼ 111¾-115½ 114¼-115 u• S . 6 s of 1 881, cou p .. . lOfl¾-112 110¾-112¾ 110¾-111~110,kllSJ< 113 -116 116½-118¼ 112¾-115% 11$¼-116¼ u• S . 5-20s., 186 2, coup . 1077/4-111% 110 -111¾ 109¼-110¾ 109¼-112½ 108 -111% 111¾-118% 112¾-114¾ 112¾-115 112½-115¼ 112)4-115 105%-113% 109%--lll!l{j u • S . :i-ZOs, 1 8 6 4, c oup . 105¼-109¾ 107¾-109½ 107¾-108¾ 107¾-110¾ 106¾-109¾ il.09%-111¼ !.10 -111¾ 108¾-111¼ 109¾-110¼ 109¾-112¾ 104~-108¾ 106¾-107% u • S . 5-20s, 1 8 6 5, M & N 106 -110¼ 108¼-110¼ 107¾-109 107%-111¼ 106%-109% 110 -111¾ 110¾- 112¾ 110 -112½ 109¾-111¾ 109%--112% 104¾-108% 107¼-108¾ \J. S. 5-20s, 1865, J &J . 104½-108¼ 106¼-108¼ 106¼-107¾ 106¾-109 1()87,..{-111% 112%-114¼ 108 -109½ 107¾-109¾ 107"½--109¼ 107¾-111% 106½ '10% 109¾-11~ · • S. 5-20s, 1867, coup. 104¾-108¾ 106¼-108¾ 106¼-l-07½ 106¼-109~ 109¼-112¼ 112%-114¾ 108¼-109¾ 106½-109¾ 107¾-109¼ 107¾-112 107¼-l... 1¼ 109¾-l ll¼ fJ 109¾-llO¼ D.08¼-109¾ 107 -109¾ 108¼- 109½ 108¼-112~ 107¾-lll 110 -111,S lJ. . s. 5-20s, 1868, coup. . . . . - . . . . . . . - . ... l llft'U 105'4'-W7~ 106%-108¾ 108 - 109% 104½-105¾ l04¼-106¾ 103 -106~ 106 TT . "-· 1 0-40j;i. coupon . ... 101U-104M 1()4U-105¾ ioo!,(=1~ ~1cis .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .lioo ~OIS~ TTNITED ST.ATES SECURITIES. 55 J~69. 6s (5-20 years) Coupon. 6s of 1881. 1862. 1864. 1S65. 1865 n. 1867. 1868. 109¼ 111½ 109 111¾ 111¾ 113¾ 111¼ 113¾ 107¼ 109¼ 107¾ 109½ 108¾ 110¾ 107¾ 110¾ 107 108¾ 106¾ 108¾ 107¾ 109 106% 108¾ 107¼ 109½ 107¼ 109 106 108¾ 105¾ 108¾ 116¾ 111½ 114½ 111½ 114½ 113 118¼ 113 118½ 104¾ 115¼ 109½ 115¾. 110½ 116¼ 110~,,; 116¼ 108¾ 113¾ 108¾ 113¼ 108¾ 113¼ 108¾ 113¼ 108% 112¼ 1087,-s 112¼ 108½ 110¼ 108,{ 110¼ 115¾ 117¾ 115¾ 115¾ 115¼ 116½ 114% . 115 118 120 117¾ 118 115¾ 115½ 113¾ 113% 115 118 114% 115% 112% 113¼ 112½ 113 113 113¾ 112½ 118 112¾ 114 112¼ 118 106)4 106¼ 105¼ 105¼ 1115¾ 115 us 115½ 118 118 122 117¾ 121¾ 114 117!1( 113¾ 117¾ 115% 119¾ 115% 119¼ 112% 116½ 112¾ 116½ 112¼ 116¾ 112% 116½ 113¼ 116½ 113¾ 116½ 105 108¼ 105 108¼ Coup. Reg. 111¼ 112¾ lll 112)4 Low'st 112¼ 116¾ 112¼ Clos"c. Jan. Open'g High't J,ow'st Cloc'g. - -- -- -- -- - - -- - Mar. Open'e Hieh't Low'st Clss'e. Apr. Open'g High't Low'st Clos'g. 118¼ 115¾ 118¼ May~ 118¾ 123¼ 118 122 119 122¼ 118½ 121¼ 1177,-s 123¾ 117¼ 122¾ 118¾ 117¼ 113½ 117 115¾ 119½ 114½ 118% 116½ 120),~ 115¼ 120 116½ 120¼ 115¼ 120 116½ 120¾ 115¾ 119¾ 108¼ 110 107½ 109¾ Jpen'g 122¾ 117¼ 117¼ 116½ 117 122¾ 122¾ 121% 12lljj, 117¼ '=!igb't 1ri0w•st 118% 119 lli% 120 120 119 119½ 120 120¼ 119¼ 119¼, 120)4 120¼ 118% lHI¾ 109½ 109½ 107¾ 107¾, •-:ne. \(JJ,Qq,,. Coup. Reg. 1862. 1864. 1865. 117¼ 123¾ 116¾ 123¾ 117¼ 122¼ 117¼ 122¼ 121¾ 125¼ 121¼ 125¼ 117¼ ]17¼ 123½ 118¼ 123¾ 118¼ 123½ 116½ 122¼ 116¼ 122¼ 115¾' 122½ 115% 122½ 116¾ 1".... 116 122 124¼ 125 121¾ 123¾ 124¼ 125 122¾ 123¼ 125¼ 125}4 122¾ 123¼ 123% 124 120¼ 122¼ 123¾ 124¼ 120¾ 122¾ 122;}5 12. 1 lH : 21¾ 122¾ 122% 119;s 121¾ 122½ 122¾ 120½ 120,s 123 123 119 119¼ 123¼ 123¼ 119 119 126¼ 123)4 119¼ 119¼ 12274 122¼ 118½ ,11~ 121¾ n c~ 123¼ 122½ 118¼ 11 121½ 121¼ 116% 117¾ 120¼ 120¼ 117 117 119¾ 120¼ 119 119¼ ll!J 120 118½ 119)4 120 121 119¼ 119¼ 119¼ 119¼ 117 117¾ ::.19¾ 120 117 11£¾ 1177,-s 118¾ 115¼ 116¼ 118},; 118¼ 115;., 119¼ 119¼ 115¾ 115 119¾ 119¼ 115¼ 115¼ 116 116 112¾ 112¾ 113¾ 113¾ 110¾ 111 114 114 111 111¾ 119 116¼ 113½ 113½ 116¼ 116¼ 118¾ 115% 120¾ 115¼ 118¼ 112¼ 116½ J 12}:! 114¼. 112¾ 116 111% 111¾ 110½ 113½ 110¾ 114¼ 110;11 111¾ 113 116¼ 113 115H 113¼ 116¼ 113¼ r;½ 1865 117) .. 116¾ 118¼ 108 l14H 107¼ 114¾ 116 111% 11$6 111}6 111)4 1123' 108~ 10i~ 116¼ 116¾ 109¾ 109¾ 107¾ 107¾ 116¼ 116¼ 113¼ 113¾ 108 108 106¼ 107 113 106¾ 110¼ 10~ :,_ Nov. Open'g IDgh't Low'st Clos'g. i~ n.l 1867. 1868. Coupea --------July. Open'g High't l,ow'st Clos'g. Aug, Open'g High't Low'st Clos'g. Sept. Open'g High't Low'st Clos'g. Oct. Open'g High't Low'st Clos'g. Feb. Open'g High't 6s (5-20 years) Coupon. 6s of 1881. 5s. 10-40. Coupon 122¾ 121 w.~ ll'T'?s 116¾ J16U 118¾ Open'g High't Low'st Clos'g. Dec. Open'g High't Low'st Clos•~- llOJ2 112 113¾ 1 Ho¼ 116¼ 113 ll5 ]()glL.. 1.810. 6s (5-20 years) Coupon. 8s, 1881 Coup. -- - - - - - - - - - - - - - - 1862. 1864. 1865. 18(15 n. 1867. 1868. 18~0. 6s, Cui:-Coupon rency. ---- Jan. Open'g High't Low'st £Ios'g. 115¾ 118½ 115% 118¾ 113½ 116½ 113½ 115% 113 116 113 11;:¾ 113¼ 116¼ 112% 115½ 111% 114:J,j 111% 114¾ 111¼ 114¼ 111¼ 114¾ 111¾ 114% 111¾ 114¾ 1011¾ 113¼ 109¾ 112)4 109¼ 111½ 109¼ 111½ 118¼ 118¼ 115¼ 115i 115½ 115% 114 114¼ 115¼ 115¼ 113x 113!,4 115¼ 115¼ 114 114¼ 112¼ 112¼ 114 114¾ 113 113 114 114 111¼ 111¾ 1..tl¾ 113½ 114¼ 114¼ 111% 111% 111% 111¼ 111¾ Open'g High't Low'st Clos'g. Aug. Open'g High't Low'st Clos'g. 116¼ 116½ 113¼ 114¼ 114¼ 114¼ 109½ 110¾ 113,s 113¾ 109¾ 113¼ 113¼ · 108¾ 110¾ 111¾ 111¾ 107¼ 108¾ 112¼ 112¼ 108 109¼ 112¾ 112¾ 108½ 109¾ 108¼ 108j.{ 104¾ 106¾ 111¼ 113¼ 110¼ 112 Open'g High't Low'st Clos'g. 113¼ 116% 113¼ 116¾ 110¾ 115¾ 110¼ 115¾ 109¼ 114¼ 100¼ 113% 109¾ 114¾ 109¾ 114¼ 107¾ 113¼ 107¾ 112½ 108¾ 113¾ 108½ 112¼ lOf.l¼ 113½ .108% 113½ 106¼ 108% 108% 108¾ 111% 112¼ 111¼ 112 Open'g High't Low'st Clos'g. 116¼ 117¾ 116 117¾ 112¼ 111¾ 1117/4 110¾ 111¾ 111¾ 112 ll"Ai 113¾ 114¼ 112¼ 113¼ 114¼ 114¾ 113¼ 114 114¼ 115 113¼ 114¼ 108¾ 10 ¾ 107¾ 108½ 112:}H 112¼ 112¼ 112% Open'g lligh't L ow'st Clos'g. 113½ lUar. Open'g H4gh't Low'st nos'g. lOS}s 1867. 115¼ 115¼ 112¾ 113¾ 112¼ 112¼ 108¾ 110¾ 112 112 108:¾' 109¾ 112 112 108¾ 110 111¼ 1 ll¼ 107¾ 108-¾ 111¼ 111¼ 107¾ 109¼ 113¼ 114% 113¼ 114¼ 110¾ 112% 110¼ 111% 108¾ 111% 10S¼ 110¼ 108¾ 110)11 108¾ 1868. 108 100½ 108% 108% 106% 107)4 113¼ 114 110¼ 110½ 106¼ 110¾ 106% 109 110¼ 108}! 110¼ 109 110½ 100 110 111¼ 111¼ 112¾ 110¼ 1u,...; 109¼ 111}4 113¾ 114¾ 113¼ 113¼ 113 114½ 112½ 112½ 111¼ 112 111¼ 111½ 112 ll2}s 111½ 111% 110 110¼ 110 110¼ 110¼ 110¼ 110¼ 110¼ 110¾ 110¼ 110¼ 110¾ 106 107 105% i06¾ 112 112 111 111¼ 114¼ 114¼ 113½ 113¾ 111% 113 111% 112½ 111½ 111¼ 111)4 111)4 112 112¼ 110)-s 111½ 110½ 110½ 110)11 110¼ 110,¼ 110¾ 110¼ llO¼ 110¾ 110% 110½ 110½ 106½ 106% 106¼ 106¾ 111¼ 111¾ 111 111 113½ 113¾ 113¼ 113¾ 109¼ 109¼ 107½ 107¾ 107% 107 107 108¼ 10 J.:! 106¼ 107¼ llO¼ 110¼ 109 109¼ llu¼ 110¼ 109¼ 109¾ 110½ 110½ 109½ 109¾ 106¾ 107 106¼ 106% 111 111½ 110% 110% 113)4 113¾ 113 113!,,,£ 107¾ 108 107)4 108 106¾ 107¾ 106¾ 107;},{ 107~8 106¾ 107¼ 109¾ 109¼ ,oo~ I 111 110¾ 110¾ I 109¼ 109¼ 109¾ 106½ 106¼ 106¼ 106¼ 110¼ 110¼ 100114 110¼ no;~ 112¼ 110.¾ 111¾ I Nov. 112½ 111¼ 112¾ June. Open'g High't Low'st Ulos'g. 1865. Oct. May. Open'g High't Low'st Clos'g. 1864. Sept. Ap1•. Open 'g High't Low' t Jlos 'g. 1865 n.l 1s62. -- 5s, 10-40, 6s,Cur. Coupon rency. July, Feb. Open'g Hi.gh't L0w'st Clos'g. 6s (5-20 years) Coupon. 6s, 1881 Coup. 117¾ 118½ 117¾ l18t.., 112½ 111¼ 111¾ 112½ I 111 110¾ trn lll~ ..J.% .... 111¾ 110¼ 112 Dec. . ... 113¾ 114¼ 112¼ 114¾ lO'rJ,s 114 114¾ 113 114¾ 114¾ 112¼ .... 108¾ 108;{ 113 114¾ 113 113% 10't'f9 108½ Open'g High't Low'st Clos'g. 106% 110¾ 110¾ 111 110 1~71. 6s (5-20 years) Coupon. 6s, 1881 Coup. , --- - - - - - - - - - - - -Jan. Open'g High't Low'st C!os'g. I''· 1864. 1865. 18(15 n. 1867. 1868. 110¼ 113)4 110¼ 113)4 108¼ 110½ 108¼ 110½ 108¼ 109:;ia 107';/4 109½ 108¼ 10::>4 108 110 107¼ 103¾ 107 108¾ 107§ii 108% 107¼ 108¼ 108½ 109;4 107;'.,a 109¼ 106½ 1091s 106).{ 109¾ 110½ lll½ 110 111½ 113)4 114¼ 113 114¾ 110¾ 112¾ 110¾ 112¼ 110¼ 111¾ 110 111% 110¼ 112¼ 110 112!4 109 111 109 110¼ 109¼ 111¼ 109 110% 109½ 111¼ 109¼ 111¾ 109¼ 111% 1011½ 111% 111½ usJs 111~4 113¾ Open•~ High't Low'st Clos'g. Aug. Open'g High't Low'st Clos'g. 114¾ ll6J,.s 114¾ 116¼ ll2¼ 113 111% 112¾ 112¼ 112}s 112¼ 112¼ 112¾ lll}.! 112¼ 111 111¼ 110½ 111¼ 111¼ 111¼ 110½ 111¼ 111¾ 111¾ 110½ 111¾ 109½ 109}.{ 108 108% 113¾ 115% 113¾ 115¾ Open'g High't Low'st Clos 'g. 116¾ 117¼ 116¼ 117¼ 112¾ 114 112¼ 113% 112¼ 114 112¼ 114 112½ 114 112½ 114 111¼ 113 111¼ 113 111¾ 113 111¾ 113 111¾ 113 111¾ 113 108¼ 109½ 108¼ 109¾ 11~ 115¼ 115¼ 115¾ Open'g High't Low'st Clos'g. 117¼ 117¾ 117 117)4 111 111¾ 110¼ 111½ 111 111¾ 110% 111¾ 111 111¾ 110% 111½ 113¼ 114 113 113¼ 113¼ 114 112¾ lH 113¾ 114¼ 118 114¼ 109¼ 110 109 109¼ 115¾ 115¼ 115½ 115% 117¾ 118¼ 117¼ 11 ~ 112 113¾ 112 113¾ 111% 113 111% 113 111% 113¼ 111% 113¼ 114% 113¾ 114-1' 114 113¼ 115¾ 115¼ 113½ I 114 115¾ 115},ji 109¾ 110}.( 109¾ 110¾: 115% 115% 115!4 Open'g High't Low'st Clos'g. Dec. Open'g High't Low'st Clos'g. 111½ 1865 n. 1867. 1863 115 116¼ 114¼ 116 113¼ 115.)4 113¼ 114>'-( 113½ 114¼ 113½ 113½ 113¾ 114)4 113¼ 113¾ 112¼ 112½ 112¼ 11:.l½ 113 1.13¼ 112,s 112% 113¼ 113¾ 112¼ 113 116¼ 119 116 118 114½ 114¼ 113% 114)1\ 114 114)4 113¼ 114~.i 114 11472 114 114½ 112½ 113¼ 112½ 113¼ 113 113¼ 113¾ 114½ 113 . 113¼ 113½ 114¼ 110 111 110 111 114¼ 116¾: 114 116,{ 118¾ 119¾ 118 118¼ 114¾ 115¾ 114¾ 115½ 114¾ 115¾ 114¾ 115¼ 114¾ 115½ 114¾ li.5¼ 113¾ 114.¾ 113¼ 114¼ 113¾ 114¾ 113¾ 114¾ 114¼ 114¾ 114¼ 114¾ 111½ 111¾ 111½ 111¾ 1161/ 116¼ 114½ 114¼ 118¼ 118¼ 115)4 116¾ 115¼ 115% 113¾ 114% llf¼ 115¼ 113¼ 114¾ 115¼ 116 113½ 114¾ 114¾ 114¾ 112 113¼ 114¼ 114% 112 ll3½ 115 115 112 113% Ill¾ 111¾ 107 109¼ 114¼ 114¼ 110½ 111 116½ 117¾ 117¾ 111¼ 111¾ 111 111 11V' 111,' llJ,' llJ¼ 111½ 112¾ 111½ 111% 113¾ 114)4 113 113 113¾ 115 113¾ 114 113¾ 115 113% 114% 109¼ 110 109¼ 109½ 111¼ 113¾ 111¼ 113~ 117¼ 118 117},1; 118 111 111 109~ lOll¼ 110¼ 111 1J9¾ 1011¾ 111¾ 111¾ 110½ 110¼ 113)4 115 113¼ 115 114¾ 115% 114¾ Jl5¾ 114¾ 109¾ 109½ 109¼ 113¼ 115)4 113¼ 10Q7/4 11~q --- - - - - --- - - - -- - - -- - - 111 113¼ 111 113¼ 115 · 115¼ 113 114¼ Nov. June. Open'g High't Low'st Clos'g. 1865. Oct. illay. Open'g High't Low'st "'1os'g. 1 64. Sept. Ap1•. Open'g ---r'g-h't ,ow'st Jlos'g . 6s.Cu1' Coupon rency. 1862. July. Mar. ~pen'g ..3:igh't Low'st Clos'g. I 10-40, 5s. 6s (5-20 years) Coupon. 6s, 1881 Co up. 1862. Feb. Open'g High't Low'st Clos'g. ,i'io Cu,Coupon rency. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J13½, I llfil,,(i 116½ 116 114¾ 116 UXITED STA'IES SEC RITIES. 56 1872. ' 10-40s. 6s, 1881. 6s (5-20 years) Coupon. 6s 5s, Cur1881. r 'ncy fund . coup. Jteg. Coup 11362. "!.864. 1665. 1865n 1867. 1868. R eg. Coup --- -- - - --- - - Jan. 0 pen'g H igh't Low'st VIos'g. - - - - - -- - - -- -- -- - - 110¾ 110¾ 109½ 110½ 112¾ 112¾ 110¾ 111¾ 111¼ 111¼ 109¼ 110¾ 118 118 111¾ 112¾ 118¼ 118¾ Jll¼ 112¾ 109 110½ 109 109¼ 110 110% 109½ 110½ 11!''.¾ 115¾ 114¾ 114% Open 'g High 't Low'st Clos'g . 108¾ % 115.½ 110¾ 108% 114% 115% 111¼ 114 107¾ 114¼ 110¼ 108% 114 115¼' 111¼ 110¼ 111¾ 110 111¼ 111¼ 111% 110% 111% 110½ 112 110% 112 110 111¼ 110¼ 111¼ 112¾ 112¾ 111¼ 112 107 107½ 106¾ 107 110½ 110¾ 109¾ 110¾ 114¼ 114¼ 113¼ 118¾ Open 'g H igh 't L ow 'st Clos 'g. 112 107¾ 1077/4 114 113¼ 108 108¾ 115½ 112 107¼ 107¾ 114 118¼ 108 108¾ 115¾ Open'g High't L ow 'st Clos'g. 114¾ 114¾ 1141/4 114¾ 115 115¼ 114½ 115½ 115 116 114% 116 111½ 111% 111¾ 111% 112¾ 118¾ 11.2¼ 118¼ 114¼ 115 114% 11~ 118¼ 116¼ 116½ 116% 118)4 118¾ 116½ 116¼ 116¾ 114¼ 114 114% 114¼ 116½ 114¾ 114 115¾ 115½ 113¼ 113¼ 116¼ 116¼ 118¼ 113¾ 11 5¼ 115¾ 118¾ 118¾ 109½ 109% 108¾ 108¾ 118¾ 118% 111½ 112¾ 114~ 114}; 112¼ 112¼ 108¼ 108¼ 107% 108 11~ I 112¼ 112% 112¼ 112¾ 116¼ 116¼ 114 114¼ 116¾ 116¼ 114% 115½ 114 114% 113 114¼ 114¾ 114½ 113¼ 114¼ 118% 114¾ 113½ 114¼ 118¼ 113¼ 112 118½ 114 !. 14 108½ 109 114¼1 114 112¼ 112¾ 107¾ 118% 118% 108 111 111% 111 111¼ 115% 117 115¾ 116¾ 115¾ 116¼ 115¼ 115¾ 114% 116 114% 115¾ 115¾ 116¾ 115¾ 116¾ 113¼ 115 118% 114¾ 118% 115¼ 118% 114% 116¾ Ope n 'g 110 115¼ 116¼ 117¾ High't 110½ 116¼ 117¼ 116¼ L ow 'st 110 114½ 116¼ 117¾ Clos'g. 110¼ 116 1116¼ 112 113 111½ 113 111¼ 118¼ 111¾ ll8¼ 112% 114 114¼ 114¾ 114¼ 114¾ 115¼ 115-¼ 115¼ 115¾ 111)/4 112}1 111 112 !11 11 2¾ 111 112¾ 112¼ 112% 112¼ 1127/4 110¾ 111¾ lll½ 118 110¼ 111¾ 111½ 112¾ 109% 112% l09% 11~¾ 115 117 114¼ 117 115¼ 118¼ 115J.S 118¼ 112¾ 115¼ 112% 115¾ 112½ 115¼ 112½ 115¾ 118 116½ 112~ 116¾ 111½ lt4¼ ... tl½ 114¾ 118 115% 112% 115% 118¼ 116 113 115¾ 108 110% 108 110¾ 108¾ 110% 108¼ 110¾ 115½ 116¾' 115¼ 116½ Open'g 111¼ 116¼ 118 High't 113 117¾ 119¼ Low'st 111¼ 116¼ 118 Clos'g. 112% 117¼ 119¼ 112,¼ 114 112¼ 118% 112¾ 113% 112¾ 118% 1127/4 115 112% 115 114¼ 115% 116¼ 117¾ 114-'4 , 115½ 116¼ 117¼ 115¾ 117¼ 115¾ 117 110½ 111¾ 110 111¼ 110¾ 112¼ 110¾ 112 I114 Oct. Ap1•. Open'g High't Low'st Clos 'g. 114¼ 115¾ 114¾ 115 112" 111~ 112¼ 10!:!¼ 108¼ 111~ 115 108% 108% 114 114 107'7/4 107¾ 111 114¼ 108½ 108¼ 114 Nov. May. 114% 115 114½ 1147/4 118 113¾ 112¾ 11~ 120¾ 120% 119% 12{}lj, 114 115 114 114¾ 114¼ 115 114 114 115½ 116 114¼ ll4¾ 114½ 114½ 118¾ 115¼ 116¼ 115¾ 112¼ 114 114¾ 114¼ 118¼ 115½ 116¼ 115½ 108 108¼ 11~ 108¼ 108½ 11~ 107¾ 108¼ 108)/4 }~" 1"1¾! llS~ D ec. I June. Open'g H igh't L ow' st Clo1<'1r . 115¼ 116 115J,al 116 1111¼ 114½ 111¾ 1114.½ 109¾ 1113¾ 110%/ 114¾ 108¾ 110 lu8¼ 110 Open'g High't Low 'st Clos'g. 118¾ 115 118¾ 115 11 4% 115¾ 114% 115¾ Sept. Mar. Open'g High't Low 'st Clos'g. 115¼ 116¾ 115¼ 116¾ 118½ 115½ 117¼ 114% 118¾ 116 118¼ 115¾ 11 8½ 115½ 117 U4% 118¼ 115¾ 113¾ 116 Aug. Feb. 0 pen'g Hi"gh't L ow'st Clos ' g. ---- i J"uly, ::.IO½ 110% 109¾ llQ¾ 110 110¼ 109½ 110 10-40s. 6s (5-20 years) Coupon. 68 5s. , 6s, 1881. Cur1881. r'ncy f una. co up. I R eg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reg. Coup 116¼ 1177,-s 1m~; ll8½ 116¼ 117¾ 117¼ 118¼ 117¼ 117¼ 117¼ 117!},( 111¼ 111¾ 110% 111¼ 112¼ 112% 111½ 112¾ 115 115 114¾ 114% Open'g 111 High't 111½ Low'st 111 Clo-11'11:. _:lll½ 112¾ 114% 112¼ 114%' 117¼ 112¼ 118 1123{ 115½: 118 118%1116¾ 117¼ 112¼ 112¾ 112½ 115 118 112¼ 118 · 112¾ 116¾ 116 117½ 115¼ 117½ ""'I""" 115¾ 109% 116¼ 110 115¾ 109½ 116}( , 110 109¾ .,_~ 109¾ 118" 109¼ 112 109¾ 11~ 181'~. - 6s, 1881. 5s, 1881. fund. coup. Reg. \co~ .Jan . ();::!!':; High't Low'st Cloil 'g. 10-40::. 6s (5-20 years) 0oupon. 1862. 1&>4. 1865. 1865n 1867. :1868. Reg. Co up 6s Curr 'n cy - - - - - - - - - - - - - - - - -- 114%1 114½1112¼ 113% 116¾ 113% 115¾ 112¼ 115¾ 112¾ 115 118¾ 116¼ 118¾ 116¾ 118?1! 110¼ IL:¼ 114 118¾ LOO¾ 116¼ 114 113¾ 113~ 118¼ 113¾ 11~~ 118¼ 114)4 114¼ 115¼ 117¾ ;· .· r l15% 115% 116¼ 116% 1 ¼ 114¾ 114½ 115¼ 116¼ 118½ 115¾ 115% 116¼ 114¼ 114% 114¾ 114½ 116¾ ll6¼ 116)4 116% 113¼ 115¼ 117,¼ 119)4 115¾ 115)4 112¼ 114% 114J,;; 112% 113¾ 115,¼ 117¼ 119,¼ 11:.~ 115 119¼ 120¼ 119¾ 119¼ 116½ 117¼ 116½ 117),4 116½ 117¼ 116½ 117¾ 118 119),( 118 119½ 116% 112~ 115)/4 116% 112½ ll5¼ U ~¼ 111'.'~ 114¼ 116¼ 111,½ 114-~ 115¼ Open'g 114¼ 118¼ lle\{ ;h't 114¼ llf ".i 11~ L ow'st 114)4 117¾ 114½ .Jlos'g. 11~ 117¼ 119½ 120½ 119¼ 119Yv 11 :-117½ 117 117 :117½ 117¾ 11~ 117¼ 118% 117¾ 118% 119¾ 117¼ 119% 118¼ 11~ 118~ 119 111 119 116½ 118 116,¼ 117% 111¼ 111 112¾ 112½ . 10½ 110% 112¼ 112½ 11( ¼ ,pen'g 114¼ 117 115 Hlgh't 11~ 117 118¾ Low' st 111½ 112 114¼ Clos'g. 111½ 112 111:% 119¼ 115}._ 115¾ 118¼ 113¼ 113¾ 113¾ 117¼ 117¼ 114¾ 115 118;'-! 118¾ :!.10 110 116¼ 1· ·¼ 111¼ 111¾ 119¼ 119)4 118¾ 11~¾ 118¼ 115¾ 111½ 112¾ 108 109 105½ 106¼ 108 109 110 111¼ 106¼ 107>2 ~~8½ 107½ 111¼ 113¼ 109¾ 109¼ 112¾ 115½ 112;1 115¾ 106¼ 109)4 105½ 109¼ 106¼ 111 106½ 111 108½ 111 107¾ 111 ec, 109}4 111¼ 116½ Open'g High't 113)4 116½ 121 L ow'st 109¼ 111¼ 116½ C: l n 1<'q . 111¼ 116¾ 120¼ 112½ 116 110¼ 113¾ 112% 115½ 112¾ 115,¼ 1.15½ 117\'5 115½ 117¾ 116¾ 114½ 116¼ 118)4 116¾ 118¼ 116¾ 114¾ a6 118¼ 116¾ 118¼ I 119¾ 117% 116½ 118 121 llB?b 118% 120½ 11S¾ 11~ 116 118 120½ 118¾ 11&' .l 120½ 115¼ 118 115¼ 117% 116½ 119¼ 116¼ 119¾ !16½ 117¾ 116 117% 111½ 112 109½ 111¾ 112 113% 111 118½ 112)4 Jpen'g 108¼ 112 115 Hlgh't 109 115¾ 112)4 Low'st 106¼ 109½ IL Cl os'g. 106¾ 111½ 115¼ 116¼ 115¼ 116¼ jl.20¼ 122% 120¼ 122¼ -- 117½ 118¾ 117½ 118¼ 118¾ 115¼ 113¼ 114¾ 114¾ 114¼ 115¾ 114~ 114¾ 1143' 115¾ 114Jf 119 119 118 118 112,¼ 118¾ 112¼ 113¾ 115½ 116¼ 115½ 116¼ ll(ff 11~ 118~ 11~ 118¼ 114 118 113 114¾ 114¼ 112 106 112¾ 106 11~ 11~ 108¼ 108~ 113½ 115¼ 110 112¼ 114 115 110 112¾ 108½ 109¼ 103½ 107 107¾ 109¾ 105 106% 109 111¾ 108!,6 1087,-t 110 113¼ 109¼ 113¼ 112 114% 110½ 114% 112 115 110 115 107 10814 105½ 1077/4 106% 108½ 105¼ 108¾ 108 111)% 108 11()% 111¾ 111½ 111':¾ 117¼ 117¼ 119¾ 111¾ 111½ 114½ 114½ 1.15¼ 119 115¼ 120 115¼ 119½ 116½ 109 108½ 118¾ 112}4 113½ 116½ 109 108½ 117¾ 1111,a 113 108~ 118¼ 114 Nov . 114% 116¼ 114% 116¾ ~14¼ 116¾ 114¼ 116% 117½ 118¾ 117¼ 118,¼ 117¾ 119¾ 117½ 119¼ 119¾ 12] ¼ 119¼ 121% 118 120½ 118 120 112 112¼ 111% 112¼ 118% 114¾ 118% 114¾ 115¼ Open'g 108 111¼ 116)4 High't 109¼ 114¼ 115 L oTT'st 106¼ 110¼ 1 116¼ Clos 'g. 109½ 114½ 115¼ 115½ 122¼ 116½ 115¾ 117 123.¼ 117¼ 114¾ 115½ 122¼ 115¼ 114;w; 11fl7-s 122')( llfl¾ 116½ 117)4 116¼ 117!.-::; 118½ 119,¼ 116% 11~ 119 120¾ 119 "120¼ 121% 121% 120¾ 121 120 120% 120 120¾ 118 ]18¼ 112¾ 1181..; 115 115 11 2% 114 118¼ 114½ 118¼ 1141;( ll'i¾ lD 117¾ 118¾ I June. Open'g High't Low' st Clos'ir. - - -- - - Oct. 115½ : 17.½i 118 ~: '· , . u;'A 116 117¾ Ma.y. Open'g digh't Low'st Clos'g . 114¾ 115¼ 114¾ 115¼ 117¼ 119¼ 117¼ 119 Sept. 113% 116% 118½ 11~~ 115,¼ 118 120)4 117¾ 118 116¼ 118)4 115% 11;; ll'rf1i 120 117)4 A pr . i)pen'g High't Low'st Clofl'g. Open'g High't Low'st Cl e./ ;;" A u ir. Mar. {)pen'g High't Low'st rnos'g . ll6 118 116 117¾ 116¼ 118% 116¼ 118¾ 109¼ 115½ 109¼ 115¾ Feb. Open'g High't L ow'st Clos'g. I Jul y . 112)1) I 10-408. 6s (5-20 years) Coupon. 6s, 1881. 5s. 6s . Cui1881. 1r 'n c, fund. 186'3. 1864. 1865. Reg . Collp R eg. 1863. coup. Coup 1865-i 1S67. 114~ l OS}t 1.14.ft" I S 74. l I 6s, 188 1. 5s, 6s (5-20 y e a r s) Go upo:i. 10-40.:: . furn.I. tis Cu r1·'n cy -- -- - - -- -- - - - - 1881. - coup. Reg. Coup 1862. 1864. 186:j. 1865n 1867. 1868. Reg. Co n n ·- - - - - - -- - - 111 113¼ 111 113¾ 116¼ 117¼ 118½ 115 115 117¾ 118¾ 114% 116% llT-'/4 115% 117 112¾ 114 115 117 118¾ 114% 116¾ 117¾ 116 116¼ 114½ 116% 115 118 115 117¾ 111% 114¾ 111¼ 114¾ 117¼ 120)4 117¾ 119¾ 118½ 121 118½ 120½ 115% 118¼ 115% 117¾ 116% 120½ 116% 119¼ 116¾ 121)4 116¾ 121¼ 116¾ 117¾ 117% 119¾ 120¾ 120¼ 116¼ 117¼ 117% 119¼ 119¼ 119¼ 110¾ 113% 110¾ 113¼ 114 116¾ 114 116¾ 115¾ Open 'g 116¼ High't 115)4 L ow 'st 116½ Cl os'g. 114½ 115,¼ 114¾ 115¼ 119¼ 119¾ 118½ 119¾ 119% 121 119¾ 121 117½ 118)4 116½ 1177/4 1.18 120 118 119¾ 120¾ 120¾ 119¼ 120¼ 118¼ 119½ 118 119¼ 112½ 115¾ 112¼ 114% 112¾ 115¾ 112¾ 115¼ 116½ 116¾ 111¼ 118¼ 114¼ Open'g 118 118 114¼ 115)4 High't 116 111)4 113 114 L ow'st 117¾ 1127/4 114¼ 115¼ Clos'g . M ar. 0 pen'g lii"gh't l,ow'st ~os'g. 117½ 114 116½ 119 1114 116½ 116¾ 111½ 115¾ 118½ 111½ 115¾ 117¾ 117¾ 116¾ 117 116¼ 116¾ 115½ 116¼ 11'71,4 11'7½ 118)4 ll'tf1i 118)4 113¼ 116¼ 116 112¼ 117¼ 118¼ 112¾ 112¼ 112% 112 112% 117½ 117¾ 117¼ 117¼ 118¾ 111¼ 115% 118% 112½ 116 118¼ 111¾ 115¾ 118¾ 112½ 116 116¼ 117¾ 116¼ 117,¼ 110¼ 116)8 116 116% 117¾ 117¼ 117¾ 117¾ 1:12% 112:¾; 112 112¼ 117½ llTYI! 116¼ 117¼ 118½ 118'.js 117¾ 118¼ 112½ 112¾ 112¼ 112¾ i 15¾ 115¼ 115¼ 115¼ 116¾ 116¼ 115% 116 116½ 117¼ 11&¼ lli¾ 115¼ 116¼ 115¾ 117 112¼ 112¼ 112¾ 112% 117¾ 118 117¼ 117% 118¼1 118}1( 118 118¼ 112¼ 113¾ 112¼ 118¼ 115¾ 116¾ 115}1; 116¼ 116¾ 1177/4 116¾ 117¼ 115¾ 116% 115¾ 116¾ 117 1177/4 117 117¾ ll'i¾ 1177/4 117¼ 117¾ 111 112 111 111% 111¼ 112¾ 111½ 112¾ 111 ¾ 118 111½ 118 1.18 119¾'. 118 119¼ 118¾ 119¼ 118~ 119¼ 110¼ 112¼ 110¼ 112¼ 118 114¾ 113 114¼ 114½ 116¾ 114¼ 116¾ 116¾ 119 116.½ 119 117¾ 120 117¾ 120 117% 119¾ 11?% 119¾ 1!2 118¾ 111% 118¾ 112¼ 117.l, 114¼ no, 111¼ 117'7/4, 114;¼; 119 120 118% 122,¼ 114¾ 116 118¾ 121 122 115% 119½ 112¼ 114¾ 116¼ 118¼ 119¾ 11R 122 11 4¾ 1111 118¼ ]207/4 J22 119¼ 120¾ 119¼ 120¥ 118¼ 114¼ 116~ 115¼ 115}4 118 112¾ 118¾ 116~ 117' 118% 118¾ 117½ 117¾ 110¼ 110¼ 109¼ 110¾ 113½ 114½ 113½ 114½ 111¼ 117~4 117¼ 117¾ 118¾ 120¼ 118;,,i 119½ Open 'g 117 High 't 115% L ow 'st 117 Clos 'g. 117'7/4 111 117¼ 111 111% 117¾. 111% 117% 116½ 110}-1 111¾ 117¼ 117¼, 111 111¾ 117¼ Oct. Op en'g 115¼ 110% 121¼ 118 119¾ 120% 120¼ 122 118¼ 120¼ 121¾ 120}.( 119½ 115¾ 117¼ 119¾ 120½ Lo w'st Cl os'g. 117 120,¼ 122 118¾ 120% 121¼ H igh't • 17 119¼ 190¼ 119 120,¼ 120¼ 120¼ 119¼ 120¼ !19½ 120½ 119¼ 120½ 115 115 lHi 117¼ Open'g 115>9 117¼ H igh't 114)1; 1161}.! L ow 'st 114% 114¾ 115¼ 116¼ Clos'g . M ay. 117¾ 118¼ Hi¾ 1177,4 Nov. 0 pen'g 115¼ 119% 121¼ Hi"gh't 115½ 12J½l 122 Low'st 115 119¾ 120 Clos'g . 115¾ 120¾ 121:½ une. 116 117¾ 115¾ 117¾ Sept. 119½ 120¾ 118¾ 120¼ Apr. J 114 115',._ 114 112½ 11~ 112¾ 117¼ 118½ 118½ 112½ 118)4 Aug. Feb. 0 pen'g 3:igh't Low'st Cl os'g . -- J uly. Jan. 0 pen'g Hi"gh't .tow'st Cl os'g. 6s , 1881. 63 (5-20 y ears) Co upo n. 10-40s. 6s 5s 1881. Curf und. r 'ncy coup. Reg. Coup 1863. 1864. 1865. 1865n 1867. 1868. Reg. Coup - - - - - - - - - - - -· - - - - - - ll1J¾I 0 pen'g lltlj4 Bi·gh't 115¾ 117½ Low'st 118 116¼ (:I .·nr" I! 1H 117 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 121" 122 121¼ 12'3 115¾ 115% 115 115¾ 117¼ 117¼ 117 117¼ 118¼ 118¾ 117¼ 11~ 119?11 120)4 119¼ 12'.l¼ 120¾ 120½ 114% 115¾ 116?1i Ope n 'g 120¾ 120½ 115,4 11~¾ 117¾ High ;t 120)4 119% 114% 114¼ 116½ L ow 'st 120~ l~;_;l :!::~ 115¼ 117¾ Clos 'g. 115¾ 115¾ 118~ 11 r ,A• 117¾ 117¼ 116¼ 117 118)4 118¼ ]17½ 11<! 119% 120½ 119½ 1201.6 120¼ 121¾ 121¾ ll4J( 114¼ "114¼ "" 115¾ 110¼ 120 118½ 118¼ 114% llR' l 11 4 lFS-; 121 121 '""'I Dec. Jl4% Open'g 118 H igh't 113¼ L ow 'st 1!2¾ (;Jn,.•ir. 11!l'I,( IHI}~ 119¾ 112¾ 114¼ 116¼ 119 115¾ 11n¼ 1111 UNITED ST.ATES SECURITIES. 187'6. 5s. 6s, 188L 6s (5-2© years) Coupon. 10-40s. 6s 1881. 1- - - - -1 - - - , - - - - , - - - - - - , - - --c-- - - -1Curfund. r'ncy coup. Reg. Coup 1862. 1864. 1865. 1865-n 1867. 1868. Reir. Co up 5s, 6s, 1881. 6s (5-20 years) Coupon . 10-40s. 6s 1881. _ _ _ _ , - - - - - -.- - - - - - -I ____ 1Curf und. r'ncy _ _ _ ~ Reg. Coup 1862. :!.864. 1865. 186511 1867. 1868. Reg. Coup _ _ - - - - - - - - I -- - - -- -- - July. Jan. 118% 118¾ 114-¼ 116 121 121 119 120 122¼ 115¾ 118¼ 122¼ 123 116¼ 118¼ 122¼ 120 115¾ 116 117½ 120½ lltl¼ 116 120 120½ 122¼ 121½ 117"~ ll9¼ 123 117,½i 118 119;,, 116½ 116¼ 122 118% 120¾ 120 116½ 116¾ 122 118~ 119¾ 119¾ 120½ 118% 119¾ 118¾ 119~a Open'g High't Low'st Clos'g. Ang, 119¾ 113¾ 116¾ 119¾ Open 'g High't 120 l:!.4¾ 117¼ 120 Low'st 119¾ 113¾ 116¾ 119 Clos 'g . 119½ 114¼ 116½ 119 115½ 117¼ 115½ 117¼ 119¼ 121 119¾ 120¾ 120¾ 122 120¾ 122 115¾ ... 117 115¾ 117 118½ 119¾ 118¼ 118¾ 118% 119¾ 118¾ 119¼ 119¾ 120½ 119¾ 120½ 113¾ 114½ 113¾ 114 113¼ 115¾ 113¾ 114½ 118¼ 119½ 118% 119¼ Open'g High't L ow'st Clos'g. 116¼ 118¼ 116% 118¼ 120¼ 122 121½ 123¾ 120¼ 122 121¼ 123¾ 118¼ 118¾ 118¼ 118¾ 119¾ 121 121¼ 122¼ 123¾ 122½ 118½ 121¼ 1L9¼ 119¼ 119¾ 121 121% 122¼ 123¼ 122½ 114 116¼ 113¼ 116 115½ 117¼ 115½ 117¼ lHl¼ 124¼ 119¼ 128¼ Open'g High't Low'st Clos'g. 118¼ 118¼ 116% 117½ 121½ 121.½ 120¾ 121~ 123¼ 123¼ 122¾ 123 123~ 124¾ 123¼ 124% 116¼ 117¼ 116¼ 117 1177/4 118¼ 117¼ 118¼ 119¾ 120¼ 119% 120¼ 121¾ 122¼ 121¾ 122¼ 123 124¾ 123 124¼ 123 124 123 124 IHI 117 115¾ 117 117¼ ]18 117 118 123¼ 124¾ 123¼ 124¾ Open'g High't L ow'st Clos'g. 116¼ 117¼ 115)( 117¼ 121 122½ 120¼ 122½ 122¾ 124 122¼ 124 .... ... Open'g 117¼ 120¼ 125¼ Hlgh't 119 121¼ 126¼ Low'st 117¼ 120~ 125¼ Clo11'2 . 118¾ 121 H:ff¼ llS¼ 118¼ 117% 118 118¼ 119¼ 118]4 11R7/4 121¾ 122¼ 121;)( 122',,( 123¼ 124¼ 123¼ 124 124½ 125½ 124¾ 12!';;g 124 125½ 124 125 1177/4 118½ 117¾ 1177~ 118¼ 119½ 118¼ 119¼ 122 122~ 122 122¾ Open'g High't Low'st Clos'g. 117¾ 118 116% 117 119¼ 120 119¼ 119¼ 123½ 125 123½ 123½ .... .. .. .... Open'g High't Low'st Clos'g. lfeb. Open'g High't Low'st Clos'g. 113¾ 116 113% 115% 118¼ 119¾ 118 119¾ 118% 119% 11~~ 119¾ ::.14¼ 115¾ 114¼ ll5½ 116¼ 117½ 116 117½ 118¼ 119½ 118¼ 119½ 1177/4 118i\s 117¼ 118% 115¾ 115¾ 119¼ 12u¾ 116¼ 114¾ 118¾ .119¾ 115¾ 114% 118¾ 120 116¾ 11r~ 118 117¾ 117½ 120¼ 120¼ 119½ 119% 114¾ 115½ 114½ 115¼ 119 120 118¼ 119¾ 119¼ 121!k; 111)¾ 121¼ 116¾ 117½ 116¾ 117½ !17½ 118¼ 117½ 118¼ 119¾ 120% 119½ 119¾ 114¾ 117½ 114¾ 117½ 120 122 120 121% 121 123}1; 121 12.3¾ 118½ 121¼ 11978 120 116 117 115:k; 117 121¾ 122% 121¾ 122¾ 114¾ 119½ 120 11$% 119½ 118¼ 119½ 118½ 119¾ Jl8 119% 115 116½ 114¾ 116½ 115 116¾ 115 116¾ 1177/4 120 117½ 120 119½ 12()½ 119¼ 120¼ 12034 120¾ 120 120¼ 114¾ 115½ 114¾ 115.½ 117¾ 119¾ 117¾ 119¼ 116¼ 110¾ 116¼ 110¾ 117¾ nr~ 119¼ 120 119¾ 119½ 121 121½ 117¾ 117% 119¾ 120 118¼ 119¼ 120¼ 121½ 115¼ 117 115).i l16¾ 116¾ 123¼ 118 124 lH:i¾ 128¼ 117¾ 124 119¾ 119½ 118¾ 119 119¼ 119¼ 120½ 120¼ 119¾ 121 ¼ 118¼ 118½ 119½ 120¼ 119¾ 121¼ 122¾ 123 122¼ 123 Oct. 121¼ 116¾ 117¾ 121½ 116¼ 117¾ 120½ 115½ 116¼ 121½ 116¼ 117¾ 124½ 124¾ 123¾ 128¾ Nov. Dlay. Open'v High't Low'st Clos'g. 120¼ 121½ 120¾ 120¾ Sept, lar. Open'g High't Low'st Clos'g. A.pr. Open'g High't Low•st Clos'g. 119¾ 110¾ 118% 118¾ 120½ 122¼ 121½ 1177/4 110¼. 122½ Dec. June. .... 114½ 116.½ 119 .... .... 1201{ 114½ 116½ 120¾ 122):f 114¼ 115¼ 118¾ 120½ 114¼ 116¾ 120¾ 122}. .... ::::1 .... 1876. 116¾ 120¾ 116:)1'1121 115½ 119¾ ll6 120¾ 122¾ 123¼ 121½ 123 121½ 122¼ 120¼ 122¼ 116¼ 117¾ 123¼ 123 123 122¼ 122½ 117½ 117¾ 116¼ 117¾ 117 117.½ 125~ 115¼ 117¼ 123½ 117 117½ 125),1, 118 118 118 118 12:., 122¾ 122 12~ ----- --------------- 6s, 1881. 6s (5-20 years) Coupen. 10-40s. 5s. 4½s, 6s 6s, 1881. 6s (5-20 years) Coupon. 10-40s. 5s 4½s 6s - - - -, - - - - - - - - - 1 ---,---~11881. 18Dl, Cur1-- - - -1- - - , - - - - c - - - - , - - - _ _ _ _ _ , 1881. J89i, Cur coup. reg. r'ncy coup. reg. r'ncy _ _ _ _ _ Reg. ~oup 186~ 1865n 1862: 1868. Reg. Coup _ _ _ _ _ _ _ _ _ _ Reg.Coup 1865.1865n 1867. 1868. Reg. Coup _ _ __ Jan. Opening .•.... Highest ....• Lowest ... . .. Closing ...... July. nm nm 119¾ 122 119¾ 122 120% 116¼ 117¾ 1'19¾ 122¾ 1177/4 119¼ 122¼ 120¼ 116¾ 117 119¾ 122¾ 1~77~ 119¾ 122 120 12.1 120 123 118 119¼ 119¾ 118 119¼' 119¾ 1161..4 118¾ 116¾ 118¾ 122% 125 122¾ 125 ~22 123¾ 122 1227/4 122¾ 123¼ 122½ 123¾ 118¼ 119¾ 121¾ 118¼ 120 122¾ 117 119¼ 121 117¾ 119¼ 121 128.½; 123¾ 123¼ 123½ 116¾ 118¼ 116¾ 118¼ 119¾ 121¾ 119¾ 121¾ 117½ l:!.8¾ 117¾ 118¾ 125 128 125 127 123¼ 123¼ 121¾ 121¾ 123¾ 123¾ 122½ 122% 118,¼ 118¾ 118¼ 118½ 121¾ 121¼ 121¼ 121¼ 123¾ 123¾ 123 128 118¾ 118% 117¾ 117¾ 119¼ 119¼ 118½ 119¼ 118¼ 119 118¼ 127½3 Opening..... 12'n~ Highest •...• 126¼ Lowest .•••.. 126¼ Closing ...... 119% 120¼ 119¾ 119¾ 121¾ 121¾ 121 121¾ 118¾ 118¾ 1177/4 118% 118% 119 118¾ 118% 118½ 119¾ 120¾ 116 117½ 119% 120¾ 116¼ 1177/4 117¾ 118 1!2½ 113 117¾ 118 112¾ 118 119¾ 119¼ 116% 116¼ 121% 121¾ 121 121¾ 115½ 116¾ 1 15½ 116¾ 119 119% 118¾ 118¾ 117¾ 115¾ 115¾ 119¾ 119¾ 1187/4 118% 117% 1177/4 117 117¼ 118¼ 128¾ 117½ 118¼ 112¾ ll8¼ 112¾ 118¼ 113¼ 118¾ 113 118¾ 117 117 116¾ 116¾ 118¾ 117¼ 118¼ 115¾ 117¾ 118 119¼ 116¼ 118¾ 112¾ 114 111¾ 118¼ 113 118¾ 111% 118¾ 126¼ Opening ••••. 117¾ 127½ Highest ••••. 117¾ 126¾ Lowest •••••. 116~ 127½ Closing ...... 116½ 118 118¼ 117 117 110¼ 110¾ 109¾ 109¼ 118¼ 118¼ 112½ 112½ 116¾ 117¾ 115½ 1:7¾ 109¾ 109¾ 108½ 109¾ 112¾ 118¾ 111% 113½ Apr. Opening .•.•.. Highest •.•.. Lowest ••.... Closing •• .... 121½ 122 120¾ 121:),s 12~ 122% 121¾ 122§8 118½ 118½ 117¾ 118¼ 118¼ 119¾ 118¼ 119¼ 121 121¾ 120½ 121¾ 122¼ 122¾ 122¼'. 122¾ 117¾ 118¼ 117 118.½i 118½ 119 118 119 =118½ 119 117¾ 118¼ 121¼ 122¾ 121¾ 122¾ 122½ 122¾ 122!k; 122¾ 114¼ 11578 114½ 115 119 119¼ 118¾ 119¼ 121 123 121¾ 128 120¾ 122¾ 121¾ 122% 118 118 117¾ 117¾ 118¾ 118¾ 118% 118% 117½ 117 117¼ 119 120¾ V9 120 122% 124¼ 122% 124 115¼ 11~ 115¾ 11~ 119¼ 121 119¾ 121 121¾ 123¼ 121:k! 122% 1177~ 118¼ 117½ 118¾ 118¼ 118¼ 118% 118% 117!1/ 116¼ 117¾ 126¼ Opening ....•. Highest ••... . 126¼ Lowest ...•.• 127 Closing, ••.•. i27 123¾ 124¼ 123¾ 124¾ 11'7~ 124¾ 126¾ 124~ 126¾ Opening.••••. Highest .... . Lowest ..... . Closing ..... . Feb. Opening ...... Highest ..... Lowest ... .. . Closing ...... -- - - -- - - -- -- -- -- -.... .... 121¼ 114¼ 109¾ no~ 11~1 115 118½ 113¾ 112 "J4% 109½ 110% 114 117½ 114¼ 114½ 112¾ .... .... 128¾ .... .... 121¼ 113:)t 108¼ 1097,( 112¼ 114¾ 112¼ 112¼ 111 113½ 108¾ 110 118 116 118¾ 114¼ 111¾ .... .... 123¾ 118¼ 108% 109¾ 112¾ 115% 110% 118¾ 110¼ .... .... 128)4 11 4½ 108½ 110¾ 118½ 116¾ 111¾ 114% 111¼ .... .... 128¾ 111¾ 107¾ 108% Ill¾ U4½ 109½ 118¾ 10~¼ .... .... 122½ 111¾ 107¾ 10$% lll% 114½ 109¼ 11$!ki 109¾ .... .... 122½ Mar. Ope ning .. ... . ,Righest ...... Lowest ...... Closing • .... . Apr. {»ening ....• . Highest ....•. Lowest ..... . Closing ...... 111% 118¾ 111% 112% 107¼ 108½ 107¾ 108¾ 108 109½ 108 108¾ 111¼ 112¼ 111¼ 111½ 118¼ 114½ 118 113½ 112¾ 108% 108¾i 111¾ 118¾ 114¼ 111¾ 110¼ 118 115¼ 112½ 10~ 108½ 111¾ 118¾ 114 111½ 110¼ 11211, 115¼ May. \lpening ...•.. 114¼ ,Cighest .. . ... 115¾ Lowest •.••.. 114¾ Closing ...... 115½ June. Opening....•. 115 Highest•..... 115¼ Lowest •... 114% OJ,-,gh1r, __ _ 125% 126¾ •• . J.23% 1~ 118¼ 115¼ 116 118½ 115½ 116 115¾ 111¾ 127 115% 111¾ 127 118¾ 114¾ 115¼ 114% 111¼ 126¾ 118% 114¼ 115¾ 114% 111¾ 126¾ 125'( 12~ 123 124,( 116 118 114¾ 114¾ 114¾ 116¼ 113 118¼ 116¾ 114 115 115% 113½ 115¾ 114¾ 115¼ 118½ 114½ 110¾ 111½ 110¾ 111¼ 116¼ 116¾ 115½ 115½ 117 114 117% 114¾ 116¼ 113¾ 117¼ 1187/4 115½ 115½ 114¼ 114¾ 113¼ 118¼ 111¾ 111¾ 111¾ ~ 111¾ 124¼ 110 1 ~ 110 124 115¾ 116¾ 114½ 116¼ 116½ 118 116¼ 118 118¼ 118¼ 111½ 118¼ 111¼ 112¾ 110¾ 112¼ 109¾ 109¾ ]08 108¼ 116¼ 118 11"i ... . 110~ .... 111¾ .... 110¾ .... .... .... ... 118 114~ 113 110¼ U S¾ 115 116 115 116 109¼ 110¾ 109¾ 110¼ 111!{ 110¾ 109¼ 110¾ 109¼ 110¼ ll.1¾ 110% 110¾ 112!k; 110¾ 112 111½ 118 111¼ 112¾ 112¼ 113 118 113¾ 112¼ 1127/4 112¾ 113¼ 122¾ 123¾ 122¾ 123¼ 110% .... .... 12$!ki 112¼ .... .... 124¾ 110½ .... .... 128¾ 112 .... .... 124½ 110¼ 108½ .... 125¼ .... 125½ 112 109 110% 108¾ .... 125¼ 111¾ 108¾ .... 125¾ 110 113 116½ 112 112j),4 111 110 118¼ 116½ 112% 118 112 109¼ 112¾ 115½ 111¾ 112½ 110¼ 1()1'.ll-1 11 21,: 1 1 !'\l,:, 112-'-6 112'1 112 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... .... .... .... .... .... .... .... 107 108¾ 106¾ 108¾ .... 112¾ 118¼ 112 118½ 121~ 122},t 1~ alW tM,t -- July. Opening ...... Highest ..... Lowest ...•.. Closing . .. ... Aug. Opening .• .... Highest ..... Lowest ...... Closing ..... . 112 112½ 111¼ 112 112¼ 112¾ 111¾ .... .... .... .... .... . ... 111 111 110¾ 110;,i .... .... .... Oct. Opening .. .. . . Highest ••.... Lowest ... .. . Closing ..... . .... .... 111¾ Sept. Opening ..... Highest .. .. . . Lowest •.... . Closing . ..... 110¼ 110¾ 109½ 110¾ Nov. Opening...... Highest •. .. . Lowest ...•.. Closing ...... Dec . 122¼ Opening ...... 122¼ Highest •..... ... . 122 Lowest ...... ... 1'22% Closin~ . . ... . .... 118¾ 1187,,~ 112¼ 118% 6s (5-20 years) Coupon./ 10-40s. 4A, 5s, 6s, 6s lt;Sl. 1907, Cur1881, coup. coup. coup. reg. r'ac:, 1865. 1865n 1867. 1868. Reg. Coup f~k Opening .•.. .. Highest...... Lowest ..... . Closing .. .. .. 117 Dec. , 117¼ 1 10-40:J. 4s, 5s 6s 6s, 6s (5-20 years) <Joupon. 1907, Cur1881, 1881, coup. coup. reg. r'ncy coup. 1865. 1865-n 1867. 1868. Reg. Coup Jan. 1~ 1~ 125½ 125¼ Nov. Jun• Opening ...... Highest ... . . Lowest . . . . . . Oioe.;nll!' . ..... 116¾ 116¾ 115¾ 115¾ Oct. Dlay. Opening...... Highest ... • Lowest .• . •.. Closing • . . . . . 120½ 120¾ 119¾ 120¾ Sept. Mar. Opening •..•.. Highest ..••. Lowest •.•... Closing ..... . 120 120 119¾ 119¾ 1177/4 118¾ 117¾ 117% 118¼ 117¾ 117¾ Feb. Opening ..... . Highest . .. . . Lowest ..•.. . Closing .. ... . Opening •... .. Highest ...•. Lowest ..••.. Closing ...••. Aug. Opening ..... . Highest •. . .. Lowest ..•••. Closing .•.•.• 110¾ 110¼ 110¾ 110¼ 110½ 111 109½ lOQ¾ -- -- - -· - - -- - - - - ~ 106¼ 109½ 112 112¾ 107 109½ 112¾ 118 106¼ 108¾ 111½ 112 106% 109¾ 111½ 112 lt8¼ 112 - -- 118¾ 112 112¾ 111 118 111 108¼ 109 108% 108¾ 105¾ 106 105¾ 105¾ 128¼ 126 12$¼ 125 113¼ 113¼ 112 112¼ 109 109 1077/4 10'i7/4 105¾ 105¾ 104 104¾ 125 125¼ 1~ 1~ 106¼ 103 106¾ 108 105 101¾ lQ,5_¼ 101½ 123 128¾ 120¾ 120¾ 106¼ 107 105¼ 106¾ 109 109¾ 108¼ 108~~ 111¾ 111½ 110% LO% 109¾ 109¾ 108½ 108¼ 105¼ 105% 105¾ 105¾ 1077/4 108 107 107¾ 110¼ 110¼ 101)% 109% 108% 109¾ 108¾ 108% 109¾ 108¾ 106¼ 107¾ 107¼ 106¼ 108¾ 107¼ 109¾ 110\g 108¾ 108¾ .... .... 105¾ 107¾ 109¾ 107 107¾ 107 105 101¾ 120~ .... 105% 108% 109¾ 107% 108¼ 1077~ 105¾ 102% 120~ .... 105 106¼ 109¼ 106¾ 107¾ 106% 1087/4 101¼ 120¼ .... 105¾ 108¾ 109¾ 107% 108¾ 107¼ , 1fl5¼ 102¾ 12~ .... 105¾ 108¾ 110 1077/4 108¼ 106¼ 105½ 102½ 122 121 . .... 106¾ 109¼ 111½ 108¼ 108¾ 107 105% 102¾ .... 105% 108¼ 110 107~-i 108¾ 106½ 105¼ 102¼ 12134 .... 106¾ 109¼ 111½ 108¼ 108¼ 106% 105% 102¾ 122 .... .... .... . ... 106½ 106¾ 105¾ 105'}.f 109¾ 111½ 108¾ 109 109¾ 111¾ 108% 109 108¼ 110 106¾ 107½ lOR½ 110 106¾ 107½ 107 107¾ 105¾ 10~ 105 105¾ 103¼ 108¾ 102911 12~ 103¼ 122¼fl 101 1120 101½ 120 UNITED STATES SECURITIES. 58 IS78. g:3.io. Bs. 1881 1 6s (5-20 years) Coupon. 6s, cur4. 55 , 1881 4½, '91 1 Coupon Co up. Coup. Coup. rer.cy. Couo 1868. 1865 n . 1867. 102¾ 103¼ 102¾ 102½ 105)4 106 105¼ 105¼ 106¾ 109¼ 106¾ 108¼ 101¾ 102¾ 101¾ 102 103)4 10-!)4 103¼ 103¾ 105)4 106¾ 105¼ 105% 107¾ 108¾ 107¾ 108¼ 106¾ 103½ 103½ 102¾ 103¼ 102¼ 102)4 101% 102 118½ 119½ 118),t.i 119¾ 108¾ lOij 108¾ 109 x03½ 105¾ 103¼ 105¾ 103 104½ 10s 104¾ :x:01% 10S 101% 103 101¼ 101½ 100¼ 101% 119 119 118 118 Ope n'jl; High't Low'st Clos'g. 109¾ 110½ 109¾ 110 105½ 106 105% 106 104¾ 105~jj 104¾ 105911 103¼ 103¾ 102¾ 103¼ 100¾ 100¾ 100¾ 100½ 117¼ 119)4 117)4 119~ Open'g High't Low'st Clos'g . 104¼ 105¼ 104¾ 10 5% 103¼ 104½ 103¼ 104% 100¼ 101¾ 100½ 101¾ 119¼ 122 119 122 Open'g High't Low'st Clos'g. 105% 107 105% x03% 10-!¾ 103}g 104¾ 101)4 101½ 101¼ 101¾ xllO 120¼ 110 120¾ Open'g High't Low'st Clos'e:. 105% 106¼ 105 105¾ 108¾ 109 108 108¾ 108½ 105¾ 107¼ 105¾ 107¼ 103½ 103½ 104¾ i05½ 107)4 105¼ 107,( 107¼ 107¾ 107¼ 107¾ 104¼ 104~4 104 104 107¼ 107¾ 107 107 108½ 106½ 104¾ Apr. Open'g High't Low'st Clos'g. 107¼ 108¼ 107¾ 108½ 103¾ 104,¾ 103¾ 104¾ 106¼ 107¾ 106½ 107¾ 109¾ 109¾ 109¼ 109¾ 105¼ 107¾ 105¼ 107½ 10 ¾ 110¼ 1<>8¾ 110· 104¾ 105¼ 104¾ 105¼ 107¼ 108¾ 107¼ 108¾ 110 111¼ 110 111¼ 107½ 109¼ 107½ 109¼ June. Open'g High't Low'st Cln~ 'll. 109 109¾ 108½ 109¼ 107¼ 107¾ 106¼ 107¾ 104¾ 104¼ 104% 104¼ :xOO¼ 12 100¾ 100½ 120 120 120 107½ 108)4 107½ 108)4 102½ 102¾ 102¾ 102¾ 105 105½ 104% 105½ 108 103 108 108 109¼ 109¼ lOS¾ 108% x06% 106¾ 106 106¼ 104¾ 105, 104¾ 104¼ 100¾ 100% 100¾ 100% 12 12 119 120 108)4 108¼ 107¾ 107¾ 102¾ 102% 102¾ 102¾ 105½ 105½ 105¼ 105¼ 107"~ 108 107¼ 107¾ x06½ 106¼ 106 106¼ 106¼ 106)4 105¼ 105% xOS¾ 103¼ 103¾ 103¾ 100¾ 100% 100½ 100¼ 119 119 119 11 107¼ 10 ¼ 107¾ 108¼ 103 103)4 102¼ 102¾ 105)4 106¼ 105¼ - 106¼ 107¾ 108 107¾ 108 106¼ 106¾ 105¼ 106% 106 106¼ 105¼ 106¼ 108½ 1 04 102¾ 104 x99¼ 100¼ 99¾ 100 11 108)4 109¼ 108)4 109¼ 10S¾ 103¾ 103¾ 103¾ 106¼ 106½ 105¼ 106¼ 108¼ 109½ lOS½ 109½ 106½ 10·,!)4 106½ 107¾ x105 106% 105 106¾ 104 105)4 10! 105¼ 100 100¾ 100 1~ 121 122 121 122 109¼ 109~ 109¼ 109¾ 103% 103¾ 103¾ 10S}.( 106¼ 106!,,~ 105¼ 105¼ 109¼ 109¾ 108 108 107% 108¼ 107% 108¼ 106% 106¼ 106¼ 106¾ x04¼ 100¾ 100½ 100¾ 10()¼ xl 1· 119 11 100¼ Oct. 12 119 120 :Tov. May. Open'g High't Low'st cios'g . x108 108)4 107% 108¼ Sept. Ma1·. Open'g High't Low'st Clos'g. x05¾ 106¼ 105¼ 105¼ A-n1r. xO4¾ 104¾ 103 103)4 103 103¾ 102¾ 103¾ x02½ 102¾ 102¾ 102½ Open'g x07% High't 107% Low'st 107 Clos'g. 107½ Open'g High 't Low'st Clos'g . 106½ 106½ 105¾ 105¾ 1868. 118¼ 119¼ 118½ 119½ Feb. Open 'g High't Low' st Clos·g. 1865 n. July. Jan. 106¾ 107¼ 106½ 106¾ I 5s. 5s, 1881 4½s, ' 91 10-40, 4s, 6s, Cur Coupon Coup. Coup. Coup. rency. 1 67. - - - - - - - - --- - - - - - - - - - -- - - - - --- - - - - - - - - - - - Open'g High't Low' st Clos'g. 6s (5-20 years) Coupon. 6s, 1881 Coup. Dec. lU { 104¼ 101 104¾ I 1S'f9 Cou pon Bonds. 5-20s. 6s, Cur4s, 1907 rfg9ci,' reg. 1 6s, 1881 t~t 1868. 1867. - - - - - - - -- -- - - -----Jan. Opening •.•• . .•. Highest ........ Lowest ......... Closing ........ 10-40s. 5s, 1881 106% 10ti% 106¼ 106¾ x02¾ 10~ 101¾ 102 104¾ 104¾ 102¾ 108% 108% 108% 104¾ 105 107 107½ 105% 106¾ 104% 106¼ 104¾ 106¾ x99¼ 100 99¾ 100 119¼ 121¼ 119½ 121¼ 106¾ 106¼ 105% 106¾ 102¾ 102¾ 102 102¼ 102½ 102'"~ 102½ 1027/2 105 105% 104¼ 104¼ x04% 104'.Y~ 104¾ 104¼ 106¾ 106¾ 106 106¾ 100 100¼ 100 100¼ 120¼ 122 120% 122 Opening .•••••. Highest .. ..... Lowe t ....•... Closing .••••. Feb. Openi_ng ...... . Highest ••... ... Lowest •••••..•. Closing ....•.•. ✓ Closing .••• •••• 104% Sept. Ma1·. Opening•••••••. Highest ••••••.. Lowest ....... . Closing •.• •.• .. 106% 100% 105¾ 106¾ Apr. Opening ..•..•. Highest . . ... . Lowest .......•. Closing ........ 106¾ 106¾ 105% 106% May. Opening .. ..... . Highest . ..... .. Lowest ... ..... . Closing ...• ... . .A Coupon Bonds. 5-20s. 10-40s. 5s, 1881 1867. 1868. June. Opening . . .. ... Highest ........ Lewest •...•..•. Closing •••..... 106½ 107¼ 106½ 107½ ,~1 107% 107¾ 107% 102¾ 102¼ 102 102¾ 102¾ 102¾ 102Js 102% .... .... .... .... .... .... .... .... .... x02¼ 102¼ 101~ 102 104% 104¾ 103% 104¾ x05¼ 105¼ 104 104% 100¼ 99¼ 99% 122 122 121% 121¾ 102 102 101¾ 101¼ 100.£ 105¼ 104½ 104% 104¾ 106¾ 104% 106¼ xW 101¾ 99 101J.£ 121¾ 124½ 121 ¾ 124¼ Opening ••••.. Highest ....... Lowest ..••.... Closing .. ••••• . x03¼ 104 108½ 103% 107 107"~ 107 )07% 101% 10S½ 101¾ 108¼ 124¼ 1-<5½ 124¼ 125½ Opening •.•••. Highest .••••.• Lowest ..••.••. Closing . ••••••. .... .... .... .... .... 104¾ 105 104¾ 105 Oct. .... .... .... .... .... .... .... .... .... .... .... .... .... l(Y.% .... .... .... ... . .... 105 105¼ 105 105¼ Nov. 105¼ 106¾ 105¾ 101>¼ Dec • 10S¾ 103¾ 103% 103¾ x06¾ 106½ 105¼ 106¾ 102% !CJ 102½ 102¼ x23¼ 123½ 123 123 6s,Cu t~t - - -- - - - -- - - -- - -July. 123 .... .... .... 103¾ 106¼ xOl¼ Opening •••••. :x04¾ .... .... ··•· 104¼ 106½ 102¾ 124 Highest ••.... 104% 122% 101¾ .... .... .... 108% 105% 102¼ Lowest ........ 1 ~ 123¼ .... .... .... 104¼ 106¾ Closing ..•••••. 104¾ Ang. 128;( .... x02¼ 106¼ 102 .... .... Opening •.•••. 104¼ 102 106¾ 123~ 102¾ ... . .... .... Highest .• ••.•. 104¼ .... .... .... 101% 105 100¾ 123~ Lowest .•••••.. 104¼ 6s, 1881 Opening •.••.. Highest ....... Lowest ........ Closing .••...•. 106¼ 107¼ 1Q6¼ 107¼ .... .... .... .... .... .... ... ...... ..... ...... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... ..... ... .... ..... 4s, 1907 rr~3l: reg. ~ 102¼ 105¾ 101¼ 102¾ 103 102¼ 10S x04¾ 105¾ 104¾ 105¾ 101¼ 102¾ 101!,,g 102¾ 103½ 102¼ 103¾ 105¾ 105% 105¾ 105¾ x01% 102¾ 101% 102¼ 123 123 123 123 x02¾ 102¾ 102 102½ 106¾ 107¼ 106¼ 107¼ 1027,{ 103¾ 102¼ 103¾ 1241/ 125 124 102½ x◊5¾ ···· 1 103¾ 106¾ 105¾ 106¾ 103 104¼ 103 104 x21~ 122 121u 121 .... .... .... .... .... .... .... .... .... .... •••• I 102½ 103¾ 102¾ .... .... .....~• 124~ 18"0· Coupon Bonds 5s, 1881. /4½s, 1891. 104% 104¼ 104% 103¾ 104 103¾ 104 106¾ 107¾ 108¾ 107¾ 105¼ 105% 105¼ 105¾ xl03 103% 10S 103½ lOi¼ 105¼ 105¼ 103½ 103½ 103 103¼ 6s, 1881. January. Opening .•...............•...... xl04¼ Highest .•••.•. ••. ••••••••••••••• Lowest ......................... Closing .... .. ...... . ............ 4s, 1907. 108 104¼ 103 104½ April. ............. Opening....... .. .. Highest •••••••••••••••••••••••• Lowest ........................ . Closing .......................... August. lowest ......................... . IA:>1~-···--················· '1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ... 108 108½ 107½ 108½ 106¼ 107¾ 106¼ 107% Opening...• • Highest ••.•. .•.•••••••••••••••••• Lowest ••..••••••••••••••••••••. Closing •••..• .• ..•••• •••·•••··· 106¾ 103¾ 104 103¾ 104 109 109¼ 10 % 109 x106¾ 107¼ 106¾ 107¼ Opening. •••••••••••••••••••••••• Highest •••••••••••••• ••···•·••· Lowest •• •• ••••••••••••••••••••. Closing •••••••••••••••••••••••••• 106% 107¼ 106¾ 106% x102¼ 103¾ 102¾ 1(13!,,jj 109¼ 110¾ 108¼ 110% 107¾ 109 107¼ 109 Opening ......................... Highest •••••••• ••• •••••••• ••••. Lowest •••.••••••••••••••••••••• Cl0sing1. .•••.•..•••••••••••••••. ~06% :.07¼ 106¾ 108¾ 103¾ 108¼ 103¾ ;w Opening •• .•...••.••• •.• ••••••• •. Highest... . ............ .... ..... Lowest •••. .. Closin1r•. . ·· •· Opening .................... Highest ....•....•••••.•. LowPst ......•••••••••••••••••••• Cl osing ......................... 103¾ 103¾ 103¾ 103¾ 109% 110¼ 109¾ 1:0¼ xlOS¾ 109¾ 108¼ 109¾ 102~8 102¾ 102% 102¾ 111¾ 111¾ 111¾ 111% 109¼ 110¼ 109% 110!,,g 104~ 104¾ 104¼ 104¼ 102¾ 102¼ 102½ 102¾ 110¾ 110¾ 109 109 110¼ 110~ 10~ 108% 104¾ 101% 104¾ 104¾ 102¾ 103 102,,; 103 10 ¼ 110½ 108¼ 110½ x lO'i¼ 109% 107¼ 109¾ 102 102 101¾ 101½ 111¼ 112¾ 111¼ 112 110 112½ 109% 111% 101~4' 101½ 101 1 01¼ 111~-~ ill¾ 112 111¾ 112 113¾ 104½ 1~ 104½ 104¾ X 128 128 121 ~ Septembe1·. 105¼ 105½ X ···········•·· .... October. 105% 106¼ 105% November. June. tJ>ening ••.••. •••.. ••• •• ••••• •• .• ghest ••••••••••••••••••••.• - •. . 126 126 126 126 6s,cur. 18118. reg. - - - - - -- - - - - -- - --- 109¼ 1077/4 10 ¼ May. Opening ••••...•••••••••••••••••• llighest .•.... ••• •••••••••••••• . Lowest .......................... l:losing. , ....................... 5s, 1881. 4½s, 1891. 4s, 1907. Opening .. . .. ..... ............. xlO(¼ 104¾ Highest .........••.••• ; ..... . . . 103% Lowest .. .... ......• . •.••.••..•. 10-1¾ Closing ........ . ......•.••••••.. 105¼ 107¼ 105 106¼ Ma1·ch. Opening ........ ................. Elighest . . . ... .•••••••••••••••••. Lowest ...... . ................... Closing ••...••..••.•• ••••••••••• 6s, 1881. July. X February. "1,ening...... •... ••••••••••·••· Highest ......................... Lowest ..•.•• .• . •••••••••••••••• Closing .............•..•..•..••. Coupon Bonas. ~s. currency, 1898, reg. l<mf 1x . ~ I 109¾ 109¾ 1~ 1097A 108¾ 109¼ 184% 104¼ 104¾ 104¾ X mo 13& 129k 1~ D ecember. .................... ... .... . . . 164¼ 104% 104¼ 10~ 111½ 134 134 134. ·13~ 19'- UNITED STATES SECURITIES. 59 1881. Coupon Bonds. 6s, 1881! 5s, 1881. 4¼s,1891. 4s, 1907. January. Opening ........................ xl0l¼ Highest .... . .................. 101¾ <Lowest .. . .................... 101¼ -closing .... .. .. ...... . .... 101¾ ···················· lUa1·ch. ············· Opening . ....... Highest ................... : ... Lowest .......................... Clnsing.... . .................... Ap1•il. 6s, 1881. 5s, 1881. 4½s, 1891. 4s, 1907. - - - ---- - - 101½ 101% 101½ 101¾ 112 112¾ 112 112¾ x112¼ 118¼ 112¾ 112¼ 101¾ 101¾ 101¾ 101!)( xlOO¾ 101 100¾ 100½ 112¼ 112¼ 111¾ 112¼ 112¾ 114 112¾ 112¾ 102 102¼ 102 102¼ 101 102 100:¼ 102 xlll¾ 112¾ 111¼ 112% 114¾ 112¼ 114¾ ...... Feb1·ua1•y. Opening .... . .. .. ........ . ...... Highest ................. , ...... Lowest ... Closing ........................ Coupon Bonds. 6s, currency, 189tl, reg. 112¼ July. •102¾ 102¾ 101¾ 102 114% 114% 114¾ 114¾ 188 188 188 .... 102¾ 102¾ 101¼ 101¼ 102~ 102¼ 101 101¾ 114¾ 114¾ 118¾ 118¾ 118¼ 116¾ 1141¼ 115¾ .... .... .... ... 101¼ 101¼ 100¼ 101 101¼ 101¼ 101 101¼ 118 113¾ 112% 116 117¾ 116 117¾ August. Opening ........................ Highest......................... Lowest ......................... Closing ......................... September. Opening ............ ............ Highest........................ Lowest ..................... Closing......................... 181 181 181 181 October. 102¾ 1087/4 102¾ 108¼ 102¼ 102% 102 :02¼ 112¼ 114¾ 112¾ 1:4¾ xl14 116¼ 118½ 116¼ 188 188 188 188 Ope ning ........................ Highest ......................... Lowest .......................... Closing .......... 100¾ 101¾ 100¾ 101 xlOO½ 102¼ 99¾ ·102¼ 108¾ 106¼ 108¾ 106½ xlOl¾ 105 101¾ 104½ 114¾ l16½ 114¾ 116¼ 116¼ 118¼ 116¼ 185 135 185 185 Opening ...... Highest..................... .. Lowest .......................... Closing.......................... ................. 101¼ 101¾ 101¾ 101:J{ 102 102.½ 101% 102.½ Ope,ning ........................ • 104 Highest .. . ........... ..... ...... j 104 Lowest ...................... .. 1027,,13 ) Closinl!'. 103 104,-4 104¼. 103 xll5¾ 115¾ 114¾ 115 134 134 134 184 Opening ............ Hi1ihest ......................... Lowest ......................... Cl0Bina'. ....... .. ·• •10 ••· · ··· lOQ¾ 102¼ 103,½ 102¾ 103¼ -0 pening ........................ Highest ........................ Lowest .... . ....... ............. osing....... ·················· Ma:,. Opening ...................... . . Highest ....................... Lowest. Closing ......................... ························ June. ........................ 103½ 118¼ 118¼ 118¾ 117¾ 1J8 X ··········•···· November. December. ......... X 101½ 100¾ 101½ X X -- .... .... ... 11';¼ 1027.-11 108 102¼ 102¾ Opening ........................ Highest ........................ Lowest ......................... Closing ......................... 188 6s, C rency It-98,rg 117¼ 115¾ 116¾ 118¾ 118 X 118 118 118 .... .... .... ... ··... ....... .... .... .... .... .... 1113¾ 116¾ 115¼ 116 11i 118, 114¾ l16¼ 117½ 116 117½ xllS¾ 117¾ 114¾ 113¾ 118¾ 117¾ 114~ 118¾. 118¾ ..... .... .... ··• xlSO 130 129 1~ 1882. ., Registered Bonds. Coupon Bonds. Os, cont'd 5s, cont'd 4¼s,1891. 4s, 1907. 6s,cur'cy. 8s,a~~~on at8,½. 1898 at8½. January. Re~ster'd Bon4',a. Coupon Bonds . 6s, cont'd 5s, cont'd 4¼8,1891. 4s, 1007. 6s, °s~~Y, Ss,opt'n U.S. 1 at3¾. at8½. ------ - - - ---- ---- --- Opening·............ Highest .... . ....... Lowest ... ........ Closing........... . .. 100¼ 101 100¼ 101 xl02¼ 102¾ 102¼ 102¾ 114¾ 114% 114¾ 114¾ 117¾ 118¼ 117¼ 118¼ 101 101 100% 100% 102¾ 102¼ 101¼ 102 114¼ 114¼ 114¾ 114¾ 118 100¾ 101¼ 100¾ l0l.¼ 102 108¾ 102 108¾ xl18!}.! 118¼ 118¾ 118¾ 119¾ 118 119¾ 101¾ 101¾ 101¼ 101¾ x102½ 108 101% ::.02¼ 115¼ 116½ 115¼ 1:614 x118¾ 121¼ 118¾ 121 102¼ 102¼ 101¼ 101¼ 110¼ 116¼ 115¾ 115¼ 121 121½ ~O¾ 120¼ 101¼ 101¼ 101¼ x:114¼ 114)4 114¾ 114¾ 120➔.( February. Opening ............ Highest ............ Lowest ............ Olosing .............. 118¼ 1177,4 118 March. Opening .......... . Highest ............. Lowest .............. Closing.............. 118 April. Opening ............ Highest ............. Lowest ••• Closing............. ········ May. Opening ............ Highest ............ Lowest ........... .. Closing .......... . .. June. 101¼ 101¾ 101¼ 101:)jj - Opening ............ x: 100 !Highest............. 100¼ Lowest .......... . . 100 ClnAinir. ·•········ \00)1( lOlll( 120¼ 120¼ 120¾ 131 181 181 181 .... .... .... .... .... .... ..... .~. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....... ..... .... .... .... .... .... .... .... .... .... .... .... .... .... - - - - - - --- July. Opening ............ Highest ............. Lowest ............. Closing ............. 102 102 101¼ 101¼ Auarul!lt . .... .... Opening ........... IDghest ............ Lowest ............ Closing ............. ... .... ~ September. .... Opening ............ Highest ............. Lowest ............. Closing.............. .... .... .... .... .... .... .... .... .... October. Opening............. IDghest ............. Lowest .............. Closing ... November. .. Opening....... ...... Highest ............. Lowest.............. Closing.............. December. Opening ............ Highest ............. Lowest .............. Closing .............. ! 101 102¼ lOO~i 101¼ 114 115 114 114¼ x:l19 120¾ 118¾ 120¾ 101¼ 101¼ 101¼ 101¼ 114¾ 114¾ 114¾ 114¾ 120¼ 120¼ 119¾ 119¼ 101 101¾ 100¾ 100¾ 113 118 112% 1127/4 1197.-11 120¼ 119¼ x: 100¼ 100~ 100)4 100¼; 118¼ 118¼ 118 118¼ X .... .... .... ... .... 101¼ 103¾ 101½ 108¼ .... x:112¼ 113½ 112:¼ 113¼ ..... .... .... .... .... .... .... ... ..... .... .... ... ..... .... .... 118¾ l19¼ 119½ 118% 119¼ ... ..... ..... .... ... .... 119¼ 118¾ 119¾ 118 118¼ · 118 113 101~ 101¾ 101¾ 101¾ ... ."" .... 1111¾ X: _.I 1 .... .... 1 120½ 121 120 120~ 1023( 102~ 102~ 102~ .... .... .... .... .... .... .... .... 10~ IO~ 101~ 102 1 102~ 108 10~ 103 1883. Coupon Bonds. Registered J:Sv,..«'S. . 5s cont'd 8s, option tis, cur'cy ii.t 8½. 4½s, 1891. 4s, 1001. u.s. : 898• <'nuoon Bonds. "• cont'T"' at8¼. Janua1•y. Registered Bonds. 6s, cur'cy 4s, 1907. 3s'-8.P~~on ' 1891 . 1898. July. xl02 Opening ................... .. 104 Highest ....................... . 102 Lowest ................. .. . 104 Closing......... . ............... . 118¼ 113¾ 112¾ 118 x119½ 119¼ 118% 118¾ xl0S!,i 104½ 103¼ 104½ 118¼ 118% 120 118¾ 119¾ 104¼ 104¼ 103!)( 104¼ February. Opening ........ . .. .. .......... . Highest .................. . .... . Lowest •...............•..•.... Closing ......................... . 113¼ 113¼ 113¾ xl12½ 113¾ 104 104½ 103¾ 108¼ Opening ....................... . Highest ........................ . Lowest ....................... . Closing . . ....................... . 113½ 113:J{ 118¼ 113¼ x119¾ 120 119¾ 119¼ x103¾ 103¼ 103 !08 Opening........................ . Highest ................. .. ... . L owest ...... .................. . Closing ... . ..................... . 118 113¾ 113 113¼ 119½ 119¼ 119 119¼ 108¾ 103% 103¼ 108½ Opening .................... . .. Highest ........................ . Lowest ......................... . Closing...................... . I 112% 118 112¾ ' 12U 119¾ 120 119¾ 120 108¼ 104 108½ l0SV Opening ................ .. ... . 1 High est . ... ... . .... ....... . .. . . . , 112½ x: 1187/4 119¼ 118½ 119 103¾ 1~ 108 108 118 118¾ 112¾ 118¾ 119¼ 119¾ 119¾ 108 103:jg 108 108¾ 112¼ 114 112¼ 114 119¾ 121¼ 119¾ 121¼ 103¾ 103¾ 101½ 101¼ 188 185 I~ 185 114¼ 114% 113¾ 114¾ xl20¼ 122 120 122 100,½ 100½ lO0}J xlO0½ 185~ 136,½ 185¾ 186¼ 114¾ 115 114½ 115 121% 122¾ 121¾ 122¾ 100¾ 100¾ 1Sit:l1; 100~ 100¾ 180 186 114 114¼ 113¼ 114¾ 128 125¼ 123 124.¼ 100➔.( 102 100¾ 102 x184 1~ 184 l!Sh October. Lowest ........................ . Ciosinif ........................ . May, X Novumber. Opening ....... . .............. . Highest .......... . ....... . ... . Lowest ....... . ............ . Closing . . .. . .. . ................ . June, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Opening ............ . ......... . Highest ............ . .......... . Lowest ........................ . Closing ........................ . 119¾ 120½ 119 120½ 113¾ Opening ............ . .. . .. ... . Highest ........ . .............. . ~oah:w: .. .............. . ... . .. .. , 112% 118 112¾ 1:2¼ September. April. Opening . . . . . ...... . ........... . Highest .. . . . ........... .. ...... . Lowest .. . . .... . ....... , • ... .... ----------------- Opening ...................... . Highest .... ........... . . . . . . Lowest .................... . Closing....................... . August. 1087.-11 103¼ l0S-¼ 108¼ Ma1·ch. Opening .......... . Highest .... ................... . Lowest ......................... . Closing ......................... . 181¼ 181¼ 181¼ 181¼ 136¼ December. X ~]~::!: ::::: ::: :: :::: ::::: ::: :::i X is-;;;. U .1 ITED STATES SECURITIES. 60 --- --- Opening•. Highest .. Lowest ... Closing ... 114% xl23¾ lH¾ 1~4¾ 114¼ 123~ ll!l¾ 123¾ 10"'¼ 100¼ 100~ 100% Opening . Highest .. Lowest .. Closing ... 114¾ llffl 11 114¾ 123¾ 123¼ 12!'!¾ 123¼ lOl 101 lOl 101 xllll¼ ~y;~l~f.. 113% ~ow~st .. . 113¼ 12ll'¼ 124% 12ll¾ 124¾ 101 101 101 101 Mnr . ulosrng ... 118¾ Apr, Opening.. Highellt .. Lowest ... 134~ Closing .. . 134 !Un.v. 13514 135~ Lowest ... 135 135)4 Closing ... ½~ g~;~l~f.: June. 48, --- - · --- ·-July. Opening._ 113¼ X128~ xlOI¼ .. . . Highest .. m¼ 11:1¾ 113~ 113¾ no , 112¾ 124 123~ 123 10114 1 1 ~ 'l .... .... .... 123a 123 118 120¾ 100 100¾ 100 100¾ .... .... .... .. . .... nm mi~ .... .... iv:~~~t: x .... Lowest . . 110% • 118 .... Closing . . Coupon. Registered. 8s.opt. 6s, cur. 1907, o.s. 18!:18. 4½s, 1891. 4s. 3s,Opt. 6s,cur. 1907. U.S. 189!S. Jan, Feb. Coupon. Registered. Coupon. 4¼s, 1891. llO¾i 100¾ 100¾ 100 100 1 Ul½ . ... .... .... mt-- Lowest . .. Closing ... 112 :x:118½ 100 112¾ 120¾ 100~ 112 ll'¼ 100 112¾ 120:18 100¼ Opening.. Highest .. Lowest .. . Closing ... .... .... .... .... Aug, Sept. ~ening.. xlll'¼ ghest .. 111% Lowest ... 112¾ Closing ... 112¾ .... .... .... .... .... ½~ .... .... 120¾ 100¼ 120% 119~ 120 100¾ 120¾ 121¼ 120 121¼ I Registered. 4s, 3s,opt. tls.cur. 1907. CJ. s. lr!:18. .... .. ½8~ 100¾ .... . .. 101 , Registered. Coupon . . 4s, 811,opt. 6s.cur. 19\/7. U.S. 1~. 4½s, 1891. - - - --- --101 ..... ... fil:~t: 101 Lowest ... 100¼ .... Closing .. . mij 100¾ .... Nov. Opening .. 113¾ 12llJ:1 . ... .... Highest .• 114¼ .... .... Lowest ... 113¼ .... . ... Closing ... 114¼ 122~ .... Dec. ... 101¼ Ooen Ing . . xl 131¼ 123¾ 123~ 101¼ .... Oct, 112¾ x120¼ 113ij 1211,~ 112 113¾ m~ High est . . Lowest... Closing. 113'¼ 112¾ 113¼ rn~~ .... 101½ 101¼ 1886. 3s,Opt, 6s,cur. 1907._ U.S. 1891J. ""·1· .. 1891. Jan. Apr. Opening•. Highest .. Lowest ... Closing ... 112¾ x 12lll:f 112¾ 122¼ 112% 121¼ 112~ 1219,1 101½ 101¼ 101 101¼ i~:~~~f.: Lowest .. 112¼ 112% 112¼ lhl'Jfi 121'¼ 122¾ 121¾ 122¾ 102 102 101½ 101¼ Opening. xl12 Highe~t .. Lowest .. . m¼ Closing ... 11~ 122¼ 122¾ 122¼ 12ll% 1014 101¼ 101 101¼ Feb. Closing ... lllnr. 4¼s, 1891. Opening.. Highellt .. Lowest ... Closing .. l\'ln.v. .... .... .... .... .... .... m~ 3s.opt. 6s. cur. 11Ju7. U.S. 1899. 4s, - - - --- xl21¼ xlOl 122¼ 102¼ lll!¾ 121¾ lOL 112:M 122 102¼ 112¾ 11:1¼ 112¾ 113)1< 121% 12.!¼ 121¾ 12:t¾ 10"-¾ 108¼ 102:if, 103¼ xll2¼ 112¾ Lowest .. 112¼ Closing .. 11·~¾ 122¾ 12!1¼ 122¼ 1231,v 10::J¼ 1041.4 103¼ lOt¼ .... .... .... .... ~;~l~t: .... Lowest . Closing~ .. Junt>. Coupnn. Registered. Coupon. Registered. Coupon. iv;h~~f.: .... .... .... July. t~t-- Registered. Coupon. 4s, 3s,oot. tis.cur. 1907. CJ. s. 1- 118. 4½s, 1891. Oct. 1~3~ Opening .. 133~ Highest .. rn3¾ Lowest ... 133~ Closing ... ---- --- .... Opening•• Highest .. Lowest ... Closing ... 112¾ xl22~ x108~ 1127-fa 122% 103% 112¼ 122¾ 10 ¼ 112).6 12"2% 103¼ 1~61,t 137~ 136~ 137 Opening•. Highest .. Lowest . . Closing ... 112¾ 11><¼ 112~ na~ 122¾ 103 1231,ji 10:l¼ l:&2¾ lOi~ 122% 103 .... .... .... Opening •. Highest •• Lowest ... Closing •.. Opening.. xl12~ 135 Highest .. 112¼ 134¼ Lowest ... 112½, 134'if. Closing ... 112¼ 122% 108¼ 123¼ 104 122% lOa¼ 123½ 10:{% 1!14 IH4 1!14 Ooening.. x112¾ Highest .. 1127,1, Lowest ... 112¾ Closing. 112¾ AUil, Sepr. X l!Ui .... 1!14 Nov. Dec. Registered. !ls. 311.opt. 6s,cur. 19u7. U.S. 1898. 112½ x122¾ xl03½ 113'-(> 124 10~ 112½ 122~ lOll½ 113¼ 12i 103¼ 113¼ 113~ 113 118¼ 184 13'1 13l ..134 ... .... .... 128% 104, 12:<¾, 104 123~ 1021)( 128¾ 1027~ 123¾ 124¾ 123¾ 124¾ 103¾ 101¼ lOq,11 103¼ ··- · X 133 · 133 l83 13~ 1886. Coupon. Jan. ru,;g~~f:: Lowest ••. 112?,1i ~;g~~f.: Lowest .. . 114 1127~ lH Closing ... ~f;g~~f:: Lowest •.. •--- --- 112¾ xl23 112¾ 11!4 112¼ 123 112% 124 Cll~l:·· Ma-r. Registered, xl12¾ 112% m~ Closing ... Coupon. 4s. 3s,Opt. 6s,cur. 1907. U.S. 189!:I. 4½s, 1881. 4¼s, 1891. Apr. ir:g~~f.: 102 102¼ 100¾ 100¾ 135~ 185 185)4' Lowest •.. 135)4' Olosing ... 124¼ 12~ 124 127¾ 100¾ 101 112¾ 136¼ 136½1 112¾ 136¼ Lowest .. . 112¾ 136¼ Closing .•. 112¾ 127¾ 127½ 125¾ 126% 100% 101¼ 100¼ 101½ X ½~ Mn.v. .... June. iv:g~~t: .... Lowest .. . ·• . .. . Closing . . --- - - - 112¼ x126¼ x100% 112¼ 126¼ 101¾ 112½ 125% 100% 112½ 126¾ 101¾ iy;gl~t: 1Xlll¾ m¾ llt½i Coupon. Registered. 4s, 3s,opt. 6s,cur. 19u7, U.S. 189!:I. 126ij 126 125¾ 126 101¼ 101½ 100% 101½ 126¼ 127¾ 1:16 127½i 101¾ 10:t½ 101¾ 101).li .... .... .... .... .... .... .... .... . .. t~t - -------- - ·---July. 4½s, 1891. Registered. 4s. 811.opt. 6s,cur.. 19u7. o.s. 18!:18. - - - - - ---- ---- --Oct. 112¾ x129 112¼ 129 .... .... ..... ... filening •. ghest .. Lowest ... Closing .. . 111¾ xl26 xlOO¾ 112¼ 127 10 125% 10; lll~ 112 127 10 135 135 135 135 ~ening.. ghest .. Lowest ... Closing •.. 111¾ 111¾ ~entng.. ghest .. Lowest .. . Closing .. . 111% 111% 111¼ 111¼ 126% 10()¾ 127 125¼ 126¼ 100¼ .... .... l~ xlOOij 100 100 100 .... Opening .. Highest •• Lowest ... Closing •.. 111¾ 111½ 11()7~ 111½ 128¼ 129¾ 127 129 .... ..... ... .... ... ..... .... xllO 112½ Lowest, .• • 109¼ Closing ... 112½ 12{% 100¼ 100½ 1 12 100~ 128% 100 133¼ 134 133 183¾ Opening•. xllOij Highest .. 110 Lowest ... 110¾ Closing. 110¾ 129 129¾ 128~ 128 100¾ 101 100¾ 101 132¼ 182¼, 132 132 Aug. Sepr. .... ~:g~~f.: . .. . Coupon. Registered. 4s, 8s,oot. tis.cur. 1907. U.S. lo!:18. ½= 1i Nov. Dec. .... 1887. Coupon. 4½s, 1891. Jan. Registered. Coupon. 4s. 6s,cur. 6s,cur. 1907. 189e. 189!:I. - - --- - - - 4¼s, 1891. 110¼ x127¼ 110~ 1~8~ 126¾ 128½ 132~ 132¾ 132½ 132>2 .... .... .... .... fil;h~~f.: Lowest .. 110¾ 110¾ 110 110 128¾ 128¾ 128¾ 128½ 134¾ 134¾ 134¾ 184% 137¼ 137'4 137¼ Lowest . . 137¼ Closing ... 128 129~ 121'1 129¼ 135 135 135 135 136¾ Feti. ½~ Closin11: ... Ill 01·. Opening, x109 Highe~t .. 109 7~ Lowest .. 108% Closing .._,_ 109¾ Opening.. Highellt .. Lowest •.. Closing .. . l\'ln.y. iy;gl~f.: June. 110 110¾ 110 110¼ llO½i 110¼ 110¼ 110¼ 129 129% 128:}.i 129¾ iv;g~~t: t~t - ·--- - - - ----July. 12ffi 1211 128~ 129¼ x:109¾ 109¾ 136¼ 13rl½ Lowest .. 109¼ l3fl¾ Closln!? .. 109½ Coupon. 6s, cur. 1907. 6f~g~:· l!SUU. Apr, fil'.ening • . ghest .. Lowest •.. Closing .•. Registered. dS, 134~ 1347,~ 13t¼ 134J,fi .... .... .... .... 129¾ x132)4' 129~ 13·~¼ l:!9 132'4 121-1¾ 132¼ Registered. 4s, 6s.cur. tis.cur. 1907. 1898. lo99. Coupon. 4½s, 1891. ------ - - --- --Oct. 137¼ 137\i 1an~ 137½ Opening•. Highest .. Lowest ... Closing ... 108¾ x128¼ l()!l¼ 128!-8 108¼ 127¼ 109 127¼ 132 132 131 131 ...... .... .... Opening•. Highest .. Lowest ... Closing ... 1371,ji 137¼ 137½i 137¼ Opening.. Highest .. Lowest .. . Closing ... 1~ 110¾ 108 108 127 128½i 125~ 125~ 128 128 128 ll!8 1211 129 129 129 Opening .. 109 Highest •• ll 9 Lowest .•. 108¾ Closing ... 108¾ ~ening•. xlOS¾ ghest .. 108¾ Lowest ... 1(18 Closing .. 108¾ 125~ 125~ 124½ 1241,, .... ... . .... . ... Ooening•. Highest .. Lnwest ... Closing. ... .... .... A0-1r. Sepr. .... .... Registered. 6s,cur. 6s,cur 1907. 1898. 18!:19. 4s, Nov. Dt>c. 108¼ x124½ 127 1081¼ 126½ 127 124½ 127 126¾ 127 1gg~ 107 10 .. ¾ 1'17 108¼ 126¾ 1261}.f mt ... .... .... .... 125~ .... 1211¾ . mm ...... .. .... .... ... ..... .... ... ...... ... ..... ... .... . .. 1888. _,_, Coupon. 4¼s, 1891. Jan. &>;g:r: Lowest ... --- --- 107¼ 108½ 107½ 108¾ 126 rn6~ 125¼ ;125¾ 108 108 107½ 107¼ 126¾ 126¾ 125~ 125 &Y;~~~f. .xl06¾ 10~ Lowest .. 10 125¼ 125¼ Closing ... Feb. iy;~~~f. · Lowest . . Closing ... Mar. Closing ... lOfl~ Registered. Coupon. 4s. 6s.cur. 6s,cur. 1007. 1891'. 189!:I. 1251}{. 12!\¾ ... .. .... .... .... .... .... .... 127 127 127 127 4¼s, 1891. Apr. .... .... .... fil:~~f'.: LOW€St •.. .... .... .... ay;gl~f'.: 107¾ ½8~ .... .... .... .. .... .... Closing ... 1\'ln.v. -- 108¼ Opening.. x107 Highest .. 107¼ Lowest . . 107 Closing .. 107¼ 127¾ 128).fj 127½ 128¼ June. l27U 127¾ li7% 127¾ 106¼ x12ffi 107¾, 12 106½ 123~ 107¾ 126½ 126¼ 127½i 126½ 127¼ Lowest .. . Closing ... Coupon. Registered. 4s, 6 6s, cur. 19u7, f~gr· 18911. .... .... .... .... .... .. .. .... .... .... .... . ... .... .... .... .... ... .... .... .. July. mt-- Registered. Opening•. Highest . . Lowest .. . Closing ... 107¼ x127¾ 127 107¾ 127% 127 107¼ 127¼ 127 107¼ 127¾ 127 Opening.. Highest .. Lowest .. Closing ... 107% 107¾ 107½ 107!):a 127¾ 128~ 127¾ 128½ Opening.. xl06% Highest . . 106¾ Lowest ... 1116% Closing . . . 106¾ 128½ 130 128~ 130 Aug. Sept. Coupon. 4s, 6s.cur. tls,cur. 1907. 1898. lo!:19. .... .... .... .... .... .... .... .... ... .... .... ..... ... .... .... .... .... 4½s, 1891. Oct. - - --- --129¾ .... 129½ .... 129½ .... 129¼ .... Opening.. Highest .. Lowest ... Closing .•. 10~ x129 10~ 129 108¾ 126¾ 108¾ 127¼ Openiniz .. Highest .. Lowest ... Closing •.. 108½ lP\l¾ 108!,,i 109¾ Nov. Dec. Opening•. xl08¼ Highest .. 108¾ Lowest ... 111•½ Closing. 108¼ Registered. 4s. 6s,cur. 6s,cur. 19o7. 1:898. 18Q9. I 127¼ 128X? 127¾ 128¾ 130¼ 130¼ 1311¼ 130¼ 128).,ji 128¼1 .... .. .... 128¼ 128¾ .... .... .... .... .... I .... .... .... ... I 1889. Coupon. 4¼s, 1891. Jan. 108½ x126% 109 11!8¾ 108½ 1211¼ 109 128¼ iy;h~~f.: Lowest .. l/19 109 109 109 Closing ... Mar. Opening. Highe~t .. Lowest .. Q!.2_~g _,_ .._ Coupon. 1071M 108¼ 10~ l_Q_ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 127¼ 127¼ 127~ 127 ... .... .... .... .... ½~~ ... 129% .... 128¼ 128ij 128 128% 129% Coupon. Registered. t~ir· 189!:I. t~~- ·--- --- ----July. Opening.. .... xl28% .... .... Opening.. 106 xl28¼ 128½ .... Highest •. 108~ l29 .... .... Highest .. 106~ Lowest •.. 1088 .... Lowest ... 106 .... 108 128¾ .... ... 108 Closing ... 106¾ ½~ .... Closing 129 .... .... Aul!', llln.v. .... iy;gl~f.: .... .... Opening.. 106% 128¼ .... 129¾ .... . ... Highest .. 106% 121'% .... 129¼ . ... Lowest .. . .... . ... .... L o west .. . 106% 128 .... Closing ... .... .... .... Closing ... 106% 128 .... 129~ 129 Sepr. June. Opening.. 106% 129¼ .... . .. .... 128'4 .. .. Highest .. 106% 129¾ ... . ... ~;hl~f.: .. .... 128¼ 4s. 6s,cur. 6s,cur. 1907. 1898. 189!:I. --- - - - ~ening .. ghest. Lowest . .. Closing ... Feb. Registered. 4¼s, 1891. 4s, 1907, 6 6s,cur. Apr. .... .... Lowest .. . 10fl% Closing .. 106¼ 12~ 12 .. .. . ... ILowei>t . .. Closing ... .... .... 127"}1j 1277/4 Coupon. Registered. 4s, 6s.cur. tis.cur. 1907. 1898. loll9. .... .... .... .... .... .... .... .... ..... ... .... .... . .. .... .... 4½s, 1891. - - - - - - - - - ---- --Oct. Opening .. Highest .. Lowest ... Closing ... 105¾ x127¼ 195¾ 127¾ 105¾ 127 105¾ 127 .... .... Ooenin11: .. Highest .• Lowest . .. Closing •.. 105½ 1• 5!,g 105½ 105¼ .... .... Opening•. xlfl4¾ Highest . . 105 L o west ... 1114¾ 105 Closi-ag. .... .... · Registered. 4s, 6s.cur. 6s,cur. l9l•7. 1898. 18!:19. Nov. Dec. 127 127 127 127 ½mt 127¾ 127¼ .... .... .... .... .... .... .... .... .... .... .... 12; .... 125 12 125¾ .... .. .... .... ... ...... ... . .. UNITED ST.A.TES SECURITIES. 61 IS90 I Coupon. Regist'ed Coupon. 4>1. s, 181ll. !is, 1907. ---6s, cur'cy Regist'ed 18118. - · - ---- - - - - - - - - - - - - - - -Apr, --·Jan, 105 105 104¾: 1011,¾f. 126¼ 126¼ 125 lt5 Openmg . Hlt{hest. Lowest. Closi'\}g .. 104¾ 10•¾: lOi¼ 123~ 123¾ l:.18,a 12.l,a ~=~~~r: Lowest.. 103¼ 103:J4 103¼ fil:g~1;t Lowest .. Closing .. 1<en. 10:l~ Mar. losing .. .... .... . ... .... 10~~ Opening. Highest. Lowest .. Closing .. 103¼, 103½ 103¼ 103¼ .... ...... ... ... ~ening . gbest. Lowest .. Closing•. .... ..... ... .... .... .... Opening. Highest. Lowest .. Closing .. 102~ 10;1 102\la 103,a ll'lay. June, .... .... 122 123¼ 12i 122~ Coupon. cur'cy 4¾s, 1891. 4B, 1907. 6s,lti9tl. Regist'ed t½s, 1891. 4s, 1907. Coupon. 6s, cur cy Regis' d 6s, cur' y !½s, 1891. . 4s, 1907. 1h98. U!118. - - - - · - - - - - - - - - - - - - - - - - - - ---.July, Oct, .... ~;g~~t 103 121¾ .... npening .. ..... 12"¾ 103 .... .. .. Highest. · 124 124¼ 122¼ 12~¼ · 122 12~ .... .... Lowest. . Closing.. 122 m¾ 1i2 12H( lit¾; 124\j:( 121¼ Onening. Highest. Lowest . . Closing .. 122 122¾: 122 122¾ .... .... .. ... .. . ~;g~~t Lowest.. Au1e, Sept, Closing •. 10:i 103 .... .... 121½ 121 .... .... .... -··· 12:1% 123¼ 123¼ 123% 103¾: l03l¼ 103¾ 103\la 125~ 126¼ 124 124 .... Lowest.. Closing. . ..•.. ... .... .... ..... ... Nov. Opening. Highest. Lowest. . Closing. . Dec, .... .... .... . ... ... ..... 122¾ 124 .... 104 104 104 104 ..... ... ..... ... 124 124 123 123 ..... ... .... .... Opening. Hii;-hest. Lowest.. Closing.. -- 115 115 115 115 122¾: 123¾ 12 < 123J,.( IS91. Coupon. Regist'ed Coupon. --- 6s, cur'cy 4,½s,1891. 4s, 1907. 1898. Coupon. Regi~t'ed Coupon. Relis'd 4¼s,le91. 4s, 1907, 6s, cur•~y 1898. 4¼s,1891. !Is, 1907, 6s. ·c ur'y ll:l9-<. Regist'ed 6s, cur'cy t¾s.1891. 4s, 1907. 18118. ---- ---- ---- -July, - - - - - ---- - - - -Oct, - - ---- - - - ------ ---- ---- -----·Aur, Jan, OpE>ning. Opening. 116¼, 121 102 122 1!7 118 .... .... . ... . ... .... 100~ ' 122 IOU ll7 .... Highest. 117,a 118 Highest. .... 121¼ .... fil;g~~t 101! .... Wt:i::t: 122 117 118 116 Lowest.. 102 .... Lowest.. 10~ Lowest .. .... .... 120¼ . ... . .. . Lowest.. 118 Closing . . 117 .. 102 122 .... Closing•. 100 . 117¼ . ... .... Closmg.. 120¾ .... Closing .... JUay. AUil, Nov, Feb. 117 11611( 121 Opening. .... . ... .... Openinit . .... 100¾: . ... ... .... .... ~ening. 10011( 11611( ghest. 117 . ... Wghest. hl .... ... .... . ... ..... ... Highest.. .... ~:~~f: .... 121 Lowest•. Lowest •. 116~ .... Lowest•. .... 116¼ Lowest.. .... .... . ... . ... lUOfl .. IOU .... Closing .. .... Closing.. 116~ .... .... Closing •. .... .... 111}¾ .... 121 .... Closinl!' ,Har. Sept. June, Hee. Opening. 118 .... Ooening. . ... .... Openinlf. .... .... .... .... . .... ~ening . 121~ 117ij 118 Highest . . ... 121 Highest . ghest.. Highest. .... Lowest .... .... Lowest .... llti~ ........... .... .... 117 •. .-··· ... Lowest . . .... ll6J1i Lowest.. . ... llll¼ .... Closing .. .... . ... •· · 11-1,( Closing .. . ... .. Clo~i• •g . Cloiling .. 121'-<! .... ... . 117¾ .. .. .... 1 1892. Coup. Registered. I Coup. Coup. Registered. -- Coup. Registered. Registered. --6s, cur. 6s. cur 6s,cur. 6 4s, '07. is, '<,7. 1898. 181111. 4s, '07. 4s, '07. fsii~' ldllll. --- --- --- Apr, ------------------------·July, OCI:, I Jnn, .... Opening.• xll6¼ 116¼ .... .... Opening•. 114¼ 114¾ .... .... .... 116 118~ Opening.. 116,a 116 0 pening•. 11"¼ 117 115 .... .... Highest .. 116¼ Hg¾ .... ... Highest .. 115¾ .... 118½\ Highe8t .. 116¾ 116,a .... H ighest _ 117¼ 117¾ 116 Lowest ... 116¼ .... .... Lowest . .. 114½ 114¾ .... .... 116 .... llR¼ Lowest •.. ll ci}s lllii}s .... L owest .. . 111\~ 116 114J,(i . ... .... . ... 116 .... .... Closing ... 116;!4 lltl . ... elosing ... 114½ 116 Closing . . 116¼ Closing ... 116~ 116 118¼1 Nov, ll'Iav. li".-b, lop!n~:g.. 116 Opening,. 115 116 114¼ ... . ... .... .... . ... 116\i 115¾ , ... 116~ 111 .... 0 gy;~~~f·.: 1111 115 .... .... 174> 117¼ .... Highest .. Highest .. 115 11 .... . ... Lowest H~=h~~f'.: 117 114~ 114¾ .... ........ Lowest •.. 116 .... ..... ... Lowest ... 114¾ .. ........ Closing llfl¾ 116¼ .... L owest . . 116~ 115¾ .... .. . 116~ 116 .. . 114¾ .... ... 117 117¾ .... .... . ... .... Closing Closing ... 116~ 116½ .... Sepr, June. lUHr, ~~.f.· ..·1 114¼ 11::l½ ...... , .··•...· Opening .... .... .... Cl 117¼ 116,a .... ~ening•. lln¾ .... 0 pening. ·••· 117ij 116¾ 118 ghest .. 115 .... .... Highest .. 114¾ 118½ .... .... 1161¼ .... ..... ... ~y;g~~f.: H ighe~t .. 11"¼; l1• Xi .... .... .... Lowest ... 114¼ .... .... .... Lowest ... 1'14 113 Lowest ... 1L6¼ .... L owest •. . 117¼ 116 11!-l ... I .. ... .... Closing- ... lln Clostn~ .. m~ 116¾ I C IO'!ing . . . l17l,.1 116¼ .... -- 6s,cur. Cs,cur. 4s, '07. 4s, '07, 1898. ld911. 6s,cur. 6s,cur• . 4s, '07. 4s, '07. 189~. 18911. ! m¾ J 11 ··••· Clol-';ncr 1H . 1893. Coup. Registered. -4s,- Coup. -- Ext'd, 48, 6s,cur. 1907. 2s.* 1907. 189t<. -------- -....- - - - -....Jan. fil;g~~f: : xll~ 114 Lowest ... 113 Closing .. . 114 Feti. iy;h~~f-.: Lowest .. . Closing ... Mar. 1907, Apr, Opening.. Highe8t .. Lowest ... Closing .. .... .... .... ll'lay, ... ~;~l~t: .. ½~:% ..... .... .... xlll:J;a .... Lowest ... .... xlll¾ .... Closing ... June. .... 111¾ 118¼ Opening.. 111!¼, 113¼ Highest .. .... .... 112¼ lll¾ 1131.6 Lowest .. 113½ Closing .. .... .... .... 118 llH 112¾ 11~¾ 113½ 114¼ 11:1¾ 114¼ 48, Opening. 112½ Highest .. 114½ Lowest .. . 112½ Closing ... 114¼ * _ hese 11re the 4½s extenctect at~ per cea1. Registered. Coup. I:£xt'd, 4s. 6s,cur. 2s.• 11!07. 189c:-. - - - - · --.... 118% 118½ .... 11311{, .... .... 112¾ .... 112~ .... 112¾ .... 113 .... 113¼ 112¾ 112¾ llll~ 112¾ .... .... .... .... 111½ 111¾ 110 110 113 ua 112½ 113 911¾ ~ll¾ 96 96 1101)4 110~ 110 110¼ .... .... ... ..... ...... ------ - - July, Opening .. Highest .. Lowest ... Closing ... 110¼ 111¼ 101-1 108 P7 97 97 117 Opening. . High est .. Lowest .. Closing ... 108 112¼ .... ... ~en1ng•. ghest .. Lowest ... Closing- 112 11i 111½ 111½. Auir. Sept, ·••· . ... Registered. 4s, Ext'd, 48, 6s.cur. 1907. 2s.• 1907. lo08. lO"l 112 ... ..... .... .... .... 108½ 108 108 108 108 108 111% 107¾ 111¼ ... ...... ... 110¾ 111¼ 10"½ 110¼ 110½ 110 110 .... .... .... Coup. - 4s, Ext'dRegistered. 4s, 6s,cur. 1907, 1898. 1907. 2s.• --- ---- -----Oct. Opening.. 111 .... 110~ .... Highest .. 111~ .... Hl¾ .... Lowest ... 111 .... 110¾ .... Closing ... 111¼ .... 111¼ .... Nov. Opening .. Highest •• Lowest ... Closing ••• 112½ Opening• . Highest .. L•)west ... Closing. lln 115 114 114 Dec, 95¼ 112 P5¼ 113½ 95¾ 112 95¾ xl13¼ 112½ 114 lH .. ... .... ... . 113¼ 114 113 113 .... ... ...... ... .... ... .. ... lS94. Coupon Bonds. -Jan, ~:g:fi Rel!'istered Bonds. ~ 112¾ 113¾ 112½ 113¾ - - - - - - - ---- ---- - .... 113 .... .... .... .... .... .... .... lU 112¾ 113% Open'g. Hlgh'st 114n 114 Low'st. lb Closing . 114,a 117% 117¼ 117% . 117¾ 113¼ 114 113¼ lM ID' :~::i Low'st. Closing 114 115 114 114½ 117½ 117½ 117¾ 117¾ 112¾ 113¾ 112% 113¾ Open'g. High'st Low'st. Closing 114¼ 114¾ lH¼ 114¾ 118 119¼ 118 119½ 113¼ 114¼ 113½ 113% Open'g, High'bt Low'st. CloEing 114 114¼ 114 114 118~ 118 117 118 114 114 113¼ 113¼ 117~ 118 117¾ 117¾ 113¾ 112% Low'st. Clnstng Feb. Mar. Apr, May, June. "pen'g. l:ligh'st Low'st. Closin~ Coupon Bonds. Ch'okee 6s, Cur., 6s, Cur.· 4s, 1907. 5s, 1904. 4s, 1907. 4s, 1897. 08, 1904. 1895. 6s18~~-r., 1898. 114½ 115 114¼ 114% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... .... 112¾ .... .... 11~¾ .... - ♦-• ..... ... .... 117¾ 117¾ 117¾ 117¾ 117½ 117½ 117~ 117 .... .... .... .... .... .... .... .... 117¾ 118¾ 117% 118¼ .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... . ... .... .... .... ... .... .... .... .... ..... ... .... ... ..... ... .... ..... ... .... .... .... .... . ... Registered Bonds. 6s, Cur., Ch'okee 4s. 1907. f'>s, 1904. 4s, 1907. 4s, 18117. 5s, 1904. 1895. 6si8~_r., 68Ia~" --- ------ - - --- - - --- ---- ---- ---July, Ooen'g. x1131¼ · 118¼ l0l .... .... ..... ... .... 113~ 11~ High'st 115 119)4 114 104 11 .... .... 118 .... Low'st. 10! 118¼ .. .... ........... 113~ 113ij Closing 114 119 .... i18 .... 113 104 . ... Aug, .... .... 118 Open'"· 114 xl17½ 101½ 113¾ ..... ... .... Hlgb'st 115 .... 119 114¾ .... 118 ...... 101~ T,ow'st. 114 .... 118 101 117¼ .... . ... ... 113~ .... Closing 115 114 . ... 118 118% 101¼ .... . Sept, Open'11:. 115 119 114 ..... ... Hi11:h'st .... .... .... ... ..... 115 .... 119¾ , lU .... ... ......... ... r1w'st. 115 ..... ... LClosing 119 114 .... .... ...... 115 lH .. ... 119¼ .... ... . ... . ... Oct, ooen'g. 114¼ .... 11P~ .... ..... ll!l¾ 114¼ ... ..... High'8t 115 120 ... .... 119 114¼ .... ...... ... Low'st. 114¾ llQ¾ ... ..... ... Closing 114¼ .... ... ..... 119~ 115 120 119 . ... 114½ .... .... ... Nov, Open'g. Ug¼ lx119¼ .... High'st ..... 111¾ 115ij 119 119,a 115 .... ..... ... 119 ... 106 106 111¾ Luw'st. 114¾ 119 .... 117½ .... 106 lU½ . ... Closinll .... Dec, 115½ 119 114½ .... 119 .... 106 111~ 111 t' ... 116 ........ Open'g. .... ..... 119½ 114¼ .... 119 High'st 116 119 .... ... 119½ 114¼ .... ... ...... Low'st. 114¾ .... . ... 113½ 117¼ .... · ••· .... Closing 114% ... ... 113¼ 117¼ . ... . J m~ U ITED STATES SECURITIES. 62 1~90. Registered Bonds. Coupon Bonds. 4s, 1925. 4s, 1907. 5s, 1904. 4s, 1907. 4s, 19:&5. Coupon Bonds. - - - - --- --- - - - - - - - ---Jan. .... .... .... .... 0 :x:113¾ 113¼ ~:ffi Low'at. 112¾ 117 (}lostng 112¾ 117~ 115 115¾ 113~ 113 112¾ 112¾ ~lgh'st 110¾ tllS~ :x:114¾ 116'4 113 tll9 110 t ll8¾ 114¾ 112% t ll9¾ 116 ll()¾ 113 110 112¾ Feb. en'g. Low'st. C losing Mar. .... .... .... .... .... .... .... .... .... 0 pen'g. H lgh'st Low'st. Closing 112¾ 112¼ 112¾ 112!➔.I 119¾ 120½ 119 120¾ 116 ll6 115¾ 115¾ lll~ 111 110~ 111 120¼ 120¾ 120¼ 120¾ Open'g. H lgh'st Low'at. Closing 112 112¾ 112 112¾ 120½ 121½ 120~ 121¼ 116 ll6½ 115¾ 116½ 111½ 111¾ 111½ 111¾ 120¾ 120¾ 120¾ ]20¾ 0 112½ 113¾ 112x; 113¾ 120½ 12al)s 120½ 123¾ 115¾ 1167'( 115¾ 116¾ 111% 112¾ 111¾ 1127,1i 120¾ 121½ 120¾ 121¼ 113¾ 113¾ 113¼ 113¾ 123¾ 123¾ 123~ 12!'1¾ 116¾ 116¾ 116¾ 116¾ 112 112¼ Ill¾ 11 2 Apr. IUay. ¥?t:Ni Low'st. Clofing J une. 0 pen'g. .High'st L ow'st. .... .... .... 117~ 117 114 114¾ 114~ 116 114¾ "116 .... .... .... .... .... .... .... .... 116 .... 116 .... 115~ .... 115% Ug¼ .... .... .... lH¾ .... 114¾ .... 96½ .... 96½ .... 96¼ ... . 96½ 1161 116 116 ll6¾ .... .... .... - 48, 1907. -- ---- .... .... 102;f 1U2 i8~~ . .. . . ... .... .... .... .... .. .. .... 108¾ lO!l¾ ½81 .... .... .... ... . 5s, 190!. Open'g. :x:112¾ H1gh'st 113 Low'st. 112½ Closing 112½ .. . .... .... .... .... mu 115 mu 112¾ 112¾ 113 112½ 113 123s 123 121 122½ 115¾ 116 ll5½ ll5½ Ooen'g. xlll¾ High'st 112 Low'st. :x:111¾ Closing 112 122½ 123 122¾ 122¼ 116ij 116 112¼ 112¾ ll5~ ll5 111 lllij .. .. .. . .... .... 115 mjf 114¾ 111¾ llls 111 111 120¾ 120¾ 120¾ 120¾ 115 115 114% 114¾ 115 115 112 113½ 110% 111¼ 110 110 117¼ 117¾ 117½ 117½ 115¾ ll5~ Jll'I½ 11 ~¼ 112¾ W:;g::t .... .... . ... .... 108½ 108½ 108¼ 108¼ 109 109 109 109 . ... . .. . . ... . ... Open'g. Hlgh'st L ·1w'st. Closin11 1121,.( m¾ 121½ 121¼ 112 ~~¾ . .. . . ... Ooen'g. High 'st Low 'st. 112 l12¼ 112 lH¼ 120¾ 121¾ 119 119 Sept. L'lw'st. Closing Oct. Nov. Dec. . .. . 116¾ 116¾ 122¾ 1:l2¼ 121¾ 121~ Aug. Open'1r. :::: I .l:ilgh'st ..... 1,o w'at. Closing .... ., .. .... .... .... .... .... ... . .... .... .... . ... .... 116¾1 112¼ 112½ 115s 115 112½ 115 112¾ 115¾ J.12½ . .. . ---.... .... .... .... .... . ... .... .... 4s, 6a, 12s, Op- 6aCur. 6aCur. 6s Cur. 11,25. !~04. tion~~ 1896. 18~. 1~90. 112½ 11ml 112½ 116 11 . I 112 124 124¼ 123~ 123 .... .... .... .... . ... . ... . .. . .... . ... . ... R egis tered Bonds. 4a, I 19u7. it~. ----------- -July. 5s, 2s, Op- 6sCur. 6s0ur. 6sCur. 190!. ttonal usoo. 1898. 1899. .... CJr.,11jng . ... .... .... .... , oslng Cl t These are dettlings in the" Unlisted Department" of the Stock Excha ng- 3 in "bonds when iss u ed." 111~ 111 'i 115 115¾ 115 115¾ ... .. 111ij 111 .... 116 116 i~ . ... .... ... .... .... .... . .. . .... .. .... . ... .... .... ..... ... .... .... .... ... . .... . ... ... . ½~ 97 97 97 g7 .... .. .... .... . ... ..... ... ~ .. .... .... 10~ 10 . .. . .... . ... .... .... .... .... .... .... .... .. . .. .. . ... . ... .... .... .... 109 109 109 109 .... .. ..... .. .. ...... .... ... .... . ... . ... . ... . .. . . ... . ... .... .. ... . ... .... ·•·· .... .... .... .... .... . ... ..... ... ---- . ... .... 1896. Registered Bonda. Coupon Bonds. Coupon Bonds. 4s, 1925. 4a, 1907. Jan. 110 110 109 109½ 116¼ 117 116¼ 115¼ 118¾ 114 118 113¾ 110 110 108 108 114.. 114¼ lH½ 114¼ 113¼ 118½ 112 112 ~:g::i 108¼ 111 108¼ J.11 113 118 ll8 116¾ 112 114 112 113¼ 108 110¾ 108 110¼ 114 117¾ 118 117¾ 112 113¼ 112 113½ &i;;:::i Low'st. 110;14 111¼ 110¾ 110¾ 116¾ 117¾ 116¾ 116¾ 113 113½ 113 118¾ 108½ 108¼ 108¼ 108¼ 116¾ 117¾ 116~ 116¾ 113 113 113 113 109½ 116¾ 113¾ 119 116¾ 118!}.( 114¼ 113¼ 114¾ 10~ 109 108¾ 108¾ 117 118 Jl7 117¾ 113¾ 113:1( 113¾ 113¾ 110¼ :ir::117¾ 110¾ 1177,Ai 109¾ 116¾ 109¾ 116¾ 112¾ 113 112¾ 112¾ 109¾ 109¼ 108¾ 108¾ 117¾ 117¾ 116¼ 116¼ 11.27,1i lrA¼ ll2¾ 112¾ 116¾ 118¾ 116¾ ll2¾ 108 108¾ 108 108¾ 116¾ llb¾ 116¾ 117¾ 112¾ 113 112¾ 113 ~=~:fi Low'st. Clnstng Feb. Low'st. Closing Mar. Closing Apr. Wl;g:fi Low'st. Closing May. Wi:g::i Low'st. Clo~lng June. Ooen'g. High'st Low'st. \Jlosin~ 1• 9¾ 109¼ 109¾ 109¼ 110¾ 109¼ 11" 116¼ !!lg. -:~ cfp' Hlgh'st 1()9¾ 105 105 105 105 107¼ 107¼ 107¼ 107¼ 103?4 103¾ 103¼ 103¼ Low'st. Closing 107½ 107¼ 11~ 116:1( 112¾ 114 Auir. Open'v. Hlgh'st r.ow'st. Closing 107¼ 107:1( 106 106¾ J'pee~f;. Hlith 'at L ·1w'st. Closing nt 113¼ 95 95 95 95 •... I ------------------4s, 111~. 5s, 6sCur. 6aCur. 6sCur 19v4. 1897. 1898. 1899. ---:-1~~-- ~~ -:~~ -111-.-.~ -~~ -::103 103 103 105 105 105 113 110¾ 111¼ •.•• . .• . •. . 108½ 106 106 11~ 112¾ ll3¼ 112 11 ••.. ..•• 113¾ 113¼ 111¼ 118½ 109 \ 109 108½ 108¾ 94 94 94 94 106½ 106¼ 104¾ 104¾ 112¾ 113¼ 111¾ 113 109 109¾ 1~ 109¼ • . .• .••• •••• • • •• 107 1077,1i 106¾ 1!!7¾ 113¾ 117¾ 113¾ 117 109¾ 111¼ 10•¼ lll¾ 91 91 91 91 106¼ 106½ 165¾ 106¾ ll3¾ 116¼ 113¾ 116½ 110~ 1101,:( 110 110 • • •• • •• • •••. ..•. O~e !:g. :x:108¼ High'st 108¾ t..ow'st. 106¼ Clo slog 107¼ 116½ 118½ 115 US½ 111¼ 111½ 110½ 111¼ •••• .••. . . •. .... 107¼ 107¾ 105¾ 107¾ 11!\ 116¼ 115½ 115¾ 110¾ ll()¾ 110¾ ll()¾ •••• .••• . • •• ••• , ... . •.•. •. . . . •.. • •• • • .• • ••• • ••• 96 96 96 96 108¼ 110½ 108½ 110 120 120 119¾ 111!¾ 111¼ ll~ lll¼ ll2l}4 . .•. ••.• ••.. •. •. •••• .•.. ••.• •. . . •• , • ••• • •• . • .• . 96 96 95¼ 95¼ 109 110½ 109 110¼ 120 120¾ 120 120¾ 113¾ 114 113¾ 114 .... .••. ... . 1 0 • •. · Registered Bonds. \ 5s, 2s, Op- 4a. 190t. 1t1onal rnv7. Nov. 1 j Open'g. High'st L •,w'st. Clo aim: 109¼ x118½ :ir::111 llO¼ 120¾ na:x; 109¼ xll8¼ xlll 1 113¾ 110¼ 120 Ooen'g. Hlgh't1t Low'st. Cloal11ir 110¼ 112½ 110¼ 112 Dec. 119¾ 120¾ 119 120¾ 113¼ 114 , 113¾ 114 .. . . no • ••• • ••• • •• • • ••• •••. •••• •••. •. •. •••• •• •• , ••• 103 103 103 103 l~tl7. r.o upon B •,nds. 4s, mu;. 4.!<, 1112n. Registered Bonda. 5s, 2s,Op 1904. tlonal 4s, rno1. 4s, 1925. Coupon Bonds. 5a, 6sCur. tSs C ur. 190!. 1898. 1899. - - - - --- - - - - - - --- - - -- - - --.iu.nunry. 4s, 1907. ·- R1l:;:~~r:: :::::: Lowest .... . . . Clnamg. ....... 111½ 112½ 111¾ 112½ 120¼ 124 120¾ 124 114¾ 114.¾ 114¼ 114¾ Opening ...... . Hlgbest •.... .. Lowest. . ....... Closin1Z ....... . 112¾ 113¼ 112¾ 113 123¾ 123¼ 12~~ 123 113¾ 113% 113¾ 113¼ :: ~;g~~L::: Lowest •.•. •.•. . Closing........ . 113 113,½ 113 113¾ 123¾ 123¾ 123 123¼ 114¼ 114¼ 113¼ 114.¾ Opening •..•... . Hillbest ...• . ... Lowest . ....... Closing......... .112,4 112¾ 112 112½ 12t¼ 1~½ 123¾ 12a¾ 114¾ Openin~ ... . . . Hlghe-t •..... . Lowest ... . .... Clo,lnic . . ...... . 112½ Ooening ... . ... Hlgbest . ....... Lowest•........ Closln~.. .. .... 112¾ 11:i¼ 112~ 113 February. !)Jareb. April. !. Uay. June. m¾ 114~ 114 114¾ 112~, x122¾ l t3!,:f 122¼ 12:l.¾ 113 113½ 113 113¾ 123¾ 125¾ 123:r.{ 12n¼ lU¾ 114¾ 114 114½ .... .... .... .... .... .... .... .... .... .... .... ... Coupon B ond s . July. 11 0¾ 111¾ 111¾ 11:l 111¼ 112 122½ 122¾ 122¾ 122¾ 113¾ lla¾ 103½ 103½ 1Q3½ 103¼ 100¼ 1U6% 1011¼ 106% Openinll .•...•.. l:ilgbe,it •.•.••. Lowest .•..... . Closio1Z •. ....... 112 112½ 112 112½ 125¾ 125¾ 12:'> 125¾ 115 113½ 113~ 113 113¾ 111¾ 111¾ 111 111 123¾ 123~ 1:l3¼ 123¾ 113~ 114 113¾ 114¾ ... ..... ... ..... ... . ... ... ... .... .... . .. . .... Opeuinit.... .. Hlir• est •...... L ,west .... .. .. . Closing ......... 113¼ 114 lla '-1 113¾ 121\ 126 1-.!5 125½ ~:~!~:.-:·.::::. 113}~ 114 118~ 113¼ 110¾ 111¼ 11~ 111¼ 125¾ 125¾ 125¼ 125¾ mij 113~ 118 113 113¾ 113 113)4 113 113¼ .... .... .... . ... ... . .... .... .... .... ..... .. . . ... . ... August. September. Octob,.1·. 107¾ 1117~ 107¾ IJ•>l'<e~t ....... . 107¾ Closing .... . .... . .. . .... November. Opening .••. .. . Higbest •.• L ,,west•....... . ciosinit ·....• .. 1 .... .... Decembe1·. Opening ...... Hlgbest .•... .. Lowest CJ.,f'i nu. . ... 1898. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 110 111 122 12i\ lll 111'-'· .... ... . .... ... . lOi~ 12t½ llO¾ 121½ ... . .. .. ... . ... 5s, 6sCur. 6aCllr, 1904. 18Ut!. 1899. ...... I .... .... .... 98½ 98½ · 98½ ij8½ 112 4 112¾ 112 112 125½ 113% 113¼ 113¼ 113¼ 114 115 113¾ 115 98¾ 98¾ 98¼ 98¼ 111¾ 112¾ Hl¾ 112 126¼ 126¾ 126¼ 126¼ 114¾ 1141,.( 114¼ 114¾ ..... .... .... .... .... 126 128¼ 126 127¾ 115 115¼ ll5 115:% .... ... .... .... 112~ 112 112¾ 1127~ 127¾ 127¾ 127¾ 127¾ .... .... .... .... ..... ... ... ..... H4 114¾ 118~ 114¼ 127~ 128 114¾ 114¾ 114 114¾ ll3 113¾ 112¾ 11a 127~ 127 127¾ 127¼ 114~ 115 113¼ 113¾ 102¾ 1029,( 102l}j 102¾ 115 115 115 lln 128¾ 121% 128¾ 128¾ xi~ 129 129 127% 127¾ 114¼ 114.½ lU½ 1141.6 ~9¾ 99¾ 91/:f 127¾ 128¼ m¾ .... .... .... .... . . m~1 . ... 112¾ 1121}.! Coupon Bonds. Registered Bonds. - - - - - - - - - - - - -- --- - - - - --- July. 113% 128½ Opening ..•. .... .... 112½ 128½ 114% 104, .... .... 115 B:Y:;:~it::: .... 114¾ 129¾ 114½ 104 129¾ 115 Highest•••. .... .... 113¼ .... .... Lowest...... .... Lowest•• . ... 112¾ 127½ 113½ 104 113¾ 128¼ 114 .... .... Closing • . .. . 114½ 129 .... .... 114¼ .... .... 113¾ 127¼ 113~ lOi Closini;t . .• August. Feb. .... .... 114% 128¾ 113½ .... .. . 113¼ 128½ .... 103¼ Openinll 0 pening .•.. .... H lghest ..... .... ..... 114¾ 128¾ 113¾ .... .... 113¼ lt8¾ .... lOa½ a1ghest.•... .... 113 123¾ 113~ .... .... 111~ 126½ .... 103½ Lowest..... .... Lowest.• .. . Closing ... . .... .... 113 124 113½ .... .... 111~ 126½ . ... 103½ Closing •.... !Sept. 1'Iarch. .... .... ll2 123¾ 112 98¼ .... 109~ 124¾ 111¾ 108 ') ening ..• . ti., ~;~~~L:. 125 tghest.•... .... .... 113 111¾ 103 125¾ 112¼ 98¼ .... 111 110 L •1weat •... . . .... 118½ 110¼ 98½ .... 1118¾ 118½ 111!14 103 Lowest.•.... .... 112~ 122% Closinl{ •.. .. .... .... 112¾ 98¼ .... 109¼ 119,½ 111¾ 103 Closing . ..•• April. Octob .. 1·. 122 111 Opening .••. .... .... 98 111¼ .... 1 09¼ 121½ 111 l:l2J4 111¼ 98 .... 110 .... 121½ Ill~ 18~~ ~;~!~L. Eligbest .•..• .... 109½ 10"." llll,g llO>jj .•.... 106 1Jowest .... .... 108 102¼ Jltl¾ Lowest.•..• . .. 98 117~ 119 . . .. . .... .... .... 106¾ ]18¼ 111¼ 102¼ Closing 110½ 98 Closing .••.. l.llay. Nov. 120 108 .... .... 109¾ .... . .. 1011¾ 122¼ 109¾ . ... Openil.6'···· D peninl( .... H ighellt.••.. .... .... 111¾ g~¼ 111 .... .... 1119 122¼ no~ . ... Highest.•.. . ... . lUS .... Lowest ... ... 109¾ .... .. . 106¾ 121¼ 1119¾ .... L ,,west...... .... .... 111¾ 123 C'lo-ing .. .•. .... .... 108¾ l:l2)4 110¾ .... Closin.c • .••. 110:Jt June. Dec. Opening ...• .... .... 111;.( 122 111 .... .... 107¾ 121¼ .... .... Opening .... .... Highest ..... H igbest.•.. . .... ... . 1117,( 1:.!5 111½ .. .. .... 109~ 1:/4~ .... I mot. .... .... . .. . .... Opening . •.. . .. xll2 H1gbest . . . ... 112¾ Lowest .••..... 111% Closing. . .....• . 111¾ 4s, 1925. - - ----- - -·- --- --- -I 125 . .... .... 114½ 111¾ 125)4 114¾ ... . 126¾ 115 ! .... 112 125¾ 114~ .. ... 12+% 114½ .. 111% 124½\ 113% .... .. lt6¾ ..... 111¾ 125¾ 114 103½\ IOa¾ 103~ 103¼ Jan. .... .... .... 2s, Op- 48, tlonal 1907. 113¼ 113¾ 113¼ 113¾ 3s, 2s, 6s, 3s, l 9l8, 4s, 5s, 48, 4s, Op5s, 4s, 1918. small 1007. 1025. 1904. tion. 1~!s. 19u7. 1925. ,1904. 1899. · owest.• . ... Cl••s1ng ... . . Registered Bonds. 5s, 120¾ lt-2¼ 1211¾ 122¾ 110¾ 111% .... .... 111¼ 123½ 123¼ .... ]2:i .... 111~ .... 110¼ 110% ]23 111 .... 122¾ .... 111 123¼ .... .... H~ ½~~¾ .... .... -·- 4s, 1925. 125¾ !25~ l~:'i ...... ............ .... ...... . .. ' ......•, fl!):J,{ • • • 4. .. , .••o• ...... ..... , .... ... ...... ... .... Registered Bonds. 2s, 3s, 5s, 4s, Op· 5s, 4.a, 4s, ::is, 3s, 1918. 48, 1918. small 1907. W:t5. )19 J4. tion. 1918. 1907• 1925. 1904. 1 ~• -- -- --- --- -- -- - · -- -- --112¾ .... .... •••c .... 110¾ 124 104¾ .... 111¼ 125 124 .... .... 111 124, .... 104½ .... 111¼ 128¼ 113¼ •••c 112~ . ... 125 ... 110¾ . 104 .... .... 110¾ .... 111 124 .... ..... ... 128¼ 113.¾ . ... 104½ .... 111 ... 105 111 128¾ 112 . .... 104¾ 105¾ 111¾ 127¾ .... ... 105 111½ 1281,.ji 112 102 127¾ 102s 105½ 105½ 112 126¾ .... ... . 105 111 127½ 112 102 10!½ 104¾ 111 .... .... 105 111½ 127¼ 112 102 127 104¾ 105¾ 111 127 112¾ . ... 105¾ 110½ 127¾ 112½ .... 104% 104½ 112 127¾ 112¾ . ... )05~ 110¼ 127¾ 112¾ .... 105½ 1115~ 112 112!1! .... 105¼ 110½ 127 112~ .... 111¼ 127 104?.t 104 .... 105¾ 110½ 127 112¾ .... 112¼ 101>¾ 104.¾ 111½ 127 127¾ 112¾ .... 104½ 110¾ 126% l12¾ 105¼ 104¾ 111 10~ 112 .... 10o¥j 111 127¼ 112¾ 10 1:/8¾ 11:1!4 1011¾ 106 112~ . ... lOi¼ 110¼ 126¾ 112¾ 102¼ 105¾ lOi¾ 110~ 127 111 128¼ 118¾ .... lOo¾ 110¾ 126¾ 112¾ 102¼ 106¾ 106 98¾ 105¾ 111 112 127¾ 111% .... 105¾ 105 126~ 112 1011 106 112½ 98~ lOn¾ 111¾ 127½ 11~ . ... 112¾ 127 111 127¼ 1261¼ 112 .... 9~ 105¾ 105 lOtS lll ~ 105½ 112 106 105¾ 107¾ 107¾ Lowest .. . .. 105% 105½ Clnsinll . . ... 107¾ 107¾ 12"1¾ 112¼ 112¾ 127¾ 112½ 113½ 129¾ 113 112!,,e 127½ 11 2½ 1131,,, 129¼ 113 98¾ ll2 ½8~~ 111¾ 127¼ 111~~ .... 112¾ .... 106¾ 111¼ 12m 112¾ 112 .... 106¼ 111¾ 127 112~ .... 99¾ 991,q lv"¼ 99¾ ~~½ 107¼ 1J2 12 128¾ 112¾ .... 63 UNITED STATES SECURITIES. IS99. Coupon Bonds. Jan. -:-,~~½ · · l. . 112¾ 112½ U2¼ 113 112¼ 112¼ 129¼ 112¾ Opening••.•.•••••. 130¾ 112¾ Highest ............ 12!l"<, Lowest..••.•••••••• l;lo:}s Closinir ••..••••••• 129~ 129¾ 129 129 113¼ 113¼ 112¾ 112¾ 99% 99¼ P9½ 99¾ 10'"¾ 107¾ 106½ 107 112¼ 129 112¾ 129 lll7~ 128¾ 112¾ 128~ 128¾ 129 128 128¾ :rl12 112 111¾ 112 99 99 99 99 107 107¼ 106~ 107¼ 112"' 112¾ 11\l¼ 112¾ iW:gl~f:.:::::::::: t.owest •••....•••••• 112¾ 114 112 114 128¾ 129½ 128~ 129¼ 112¼ 112¾ 111;!,( 112½ .... .... .... .... 107¼ 108¼ 107 108¼ 111 112¼ 111 112¼ 107¾ 107½ :r113 109 109 113¾ 112½ .,losing ........... 112)1i 113¼ 113~ 113 113¾ ~:g~~t:::::::::: !Uarch. 107¾ 108¼ 107 Jlosing ......•••••• 108¼ April. ?fi;gl~t:::: :::::: ~ow~st ... . ........ May. )peninir ....••••••. IIlghest.••••••••.•• t.owest ..•....••••.. Jlm~n~ne:·· .. ~;)pening •...••••••• !lighest............ l.owest.••....•••••. )lflSlllg .. ...... 106½ 107¾ 106½ 107½ 1~ ½8~¾ 129¾ 130½ 129¾ 130¼ x07~1:r07¾ 109¼ 108¾ 107% 10714 109¼ 108!!,( 113¾ 129¼ xll¾ 11414 gg¾ 112~ 112¾ 111¾ 113¾ 130¾ 112¼ 109¼ 109¼ 108¾ 109 lU 114½! 113¾ 1131}.t 109 1011}( 108 108½ 130½ 131 130¼ 130¼ .... x07¼ 112¾ 108).& 112¾ .... 107¼ .... 108 108¼ .... .... 108¾ .... 108¼ .... 108¾ 109¼ .... 100¾ .... .... 108½ 113 113 113 113 .... 2s, 3s, 48, 5s, 48, 4s, 5s, OpSs, 3s. 1918. 4s, 1918. small 1907. 1925. 1904. tion. 1918. 1907· 1925. 1904. ---- --- -- --- --- ---- --- -- --- -108¾ 108~ .x:12~ 129½ 112¾ 101½ 108¼ 112½ 180¼ .... 130¼ 1121}f, 101½ 108½ 112¾ 130¼ .... .... 109¾ 109½ 113 .... 108¾ 108!,<.i 112¾ 129½ 112¾ 101½ 108½ 112¼ 130~ .... .... 109 .... August. 108½ 113½ 130½ 112¾ 101¼ 108~ 112¼ 130 111¾ Openinir •...••••••• xOS¼ x:108 113½ 130¼ xll½ .... 1011¾ 112¾ .... 111¼ .... 111¼ Ill¾ Highest.••.•••••••• 10::!¾ 108¼ 113¾ 130½ 111½ ... 108¾ 112¼ ~~ 111¾ 128 Lowest•••.••••••••• 10~).s 108 113~ 130¼ 111½ .... 10~ 112¼ .... 111¼ 130¼ 111½ .... 108¾ 112¼ .... 111¼ 128 111¾ Closing ••.••••••••. 108Xi 108¼ 113 Sept. .... 108½ 111¼ .... 112 113¾ 130¼ 112 128¾ 112 Opening •. ...•••.•. 108¼ 108 .... 108'¼ 111½ .... 112 128¾ 112 Hiirbest ••.•••...... l0M1},t 108¾ 113¾ 130½ 112 .... 111¼ .... 111¼ 113 130 112 L fl west •••........•. 108¼ 108 128~ 112 .... 10~ 108½ 111½ .... 111'¼ 130¼ 112 Closing ••....•••••. l u8¾j 108 113 128¾ 112 October. 129½ 113½ Opening ..•. . ••••. . 103¼ 107¾ xll2 130½ 111½ .... 107¾ 111½ 129¾ 110¼ .... 107¾ 111¾ 129¾ 110½ 112½ 130½ 112 129½ ll3½ Highest......••.... 1118½ 108 130 111¾ .... 107¼ 111¼ 129¼ 110½ ]29½ 112 Lowest............. l flS\.11 107¾ 112 110¼ 129½ 112 Closilov:· · ·•···· 1U8½ 107¾ 112½ 130 111¾ .... 107% 111¾ 129¼ 12~ 108 107½ 113 ~ow~st ..•....•••••. 107¼ 106~ 112½ ,losu1g •••••••• 107¾, 107 113 Feb. )pening•....•••••. x107 :r 06½ 113 IItghest••••..•••••• 107¾ 107 113¼ t.owest ..• . ..•••••• 106¾ 106½ 112¾ Jlo11lng .•...•••••• 107¼ 106½ 112~ X 112½ 114 112¾ 108½ 112¼ .... .... .... .... July. Opening•....•••••. Highest.•••••••••. Lowest ••••••••••••. Closing •......••••. um.... . ... .... . .. . Dec. Opening•...••••••. Highest_ ••..•••••. Lowest............. Closing............ 1900. Coupon Bonds. - - - -- 2s, 3s, cons 3s, 19L8. 4s, 4s, _ _ _ tu30: 1911:S. small 1907. 1925. l 5s, Jan. rti:~~ir ···· m~ ½~~~11\\ ½~:~,m~ . . •. 110 109~ 114 133¾1 113\a Lowest... Closing.. • • • . 110¼ 110 · pening Highest. Lowest... CI08ini,r. ••. x09!,(x09¼ ll4 ¾ x3l¾x114 .•• 111\14 111 118 131¾ 115¾ ... 1119!,4 109 114l!d J3l¾ 114 . . . 111¼ 111 us 134).& 115¾ Feb. March. ~;gl~~: t8~ ~ro' :ri~:·.- t~ Ap1•il. 114¾ 133¾ 113% m~ mt m~ m~ U~ 18~~ m¾ :::: mij •....... ... • ... ••.. • ••. .. . . • • . . 112 112 111¼ 111¼ illay. Opening. Highest. Lowest... Clodng .. June. Ooening. Highest. Lowest... Clflsmg.. 103¼ 104 103¼ 104 x109 x109 110 109½ 109 108½ 109¾ 109½ • • • . 109¾ 109 ..• 109½ 1011 •.• 109 108½ l0ij 108½ 113¼ 100¼ 114½ 100¾ 114 x3!¾ 116¾ 135 114 131¼ 115% 1:34:lil x12~ 114 112½ 113¾ 115¾ 115% 115¼ 115¼ 113½ 113½ 113½! 11:1!,1; 135 135 13<1¾ 134¾ 112¾ 11:-!¾ 112¾ 113¼ x29¼ 132¾ 129¼ 132¾ xlO½ 111¾ 110½ 111¾ 101 101 101 101 108 108 108 l0t; 112 113½ 112 l:.L3½ 129¾ 1:32¾ 129¾ 132¾ 111 111 111 111 109½ 110¼ 109½ 110 11:'l¼ 115½ 113¼ 115 133½ 134~ 133¼ 134 111½ 113¼ 111½ 113¼ 102 102 102 102 109¾ 110¾ 109\14 110¼ 112¾ 115 112¾ 114 132¾ 134¼ 132;!,( 134¼ 113 113 112 113¼ 109¾ 110;!,( 109 110¼ lH½ 115'x! 114½ 115 134'-' l:io 134}( 135 113¾ llil¼ 112~ 113¼ 108!!4 108¾ .... ... . ... . • ... ... . .... •. . . 108¾ 109~ 108¾ 109¼ •... •. .. .. . . .... .. . .... ... . .... . . .. .. .... .. July. Registered Bonds. ~ August Opening. •.•• x09¾ Highest. . . . 109~ Lowest... IO~ Closing •. 109¼ Sept. m¾ Closing •. Oct. .... .... .... .... 109½ llU½ 109J.ii l(J9'¼ .. .... Opening. 104 xl~~ Hi~hest. 104 114 132¾ 112½ Lowest ••. 104 114¼ 133 112½ ClosiDg •. 104 Nov. 114% 13l½ 1127,fi Opening. •••. 116¼ UH % 114¾ Highest. 114½ 134"<! 112¾ Lowest ••• 115~ 134½ 113½ Closing•• • ••• .... 1½~ 134~ 1:-14¼ .... .... .... 1.l.4¾ 184 116 134 Dec. 134¾ 113~ Opening.101% 134~ 113½ Highest. 105 la4¼ 113¼ Lowest... 104¾ Vl4¼ 113½ Closiniz .. 105¾ 114 114 114 114 115½ xl33 x13¼ .... ll6 134¼ 113¼ .... 131¾ 118¼ .... 115¼ 115½ 134¼ 113¼ 109¾ l0lllja 109¾ l0U~ 115¾ 116 m¼ 1 m~ 115¾ 134 113½ 116 134¼ 113>11 ... xl4°½ .... .... 115 . ... ... 114½ .... 115 1137A 114½1 Ila'¼ 114¾ xlO¾ x09¾ 115¾ x34½ no~ 116¼ 138¾ 109 115¼ 134½ 1101k, llu 116 l::lS x12¾ 114 112¾ 113\ki I 109¾ 110½ l0IJ½ 11o¾j ::::1½~8t 114¼ 114½ 114¾ 114½ - Coupon Bonds. cons. 3s, 1918. 4s, 4s, 5s, Op- 2s, 3s, 4s, 4s, 5s, 11130. 1918. small 1907. 1925. 1904. tion. C<Jns 1918. HI07, 11J25· 1904. :::: :::· m xm~ mt: mt: Lu ~=~~t west ••. 9 109 114¼ 133 lOU½ 114¼ 134 x07¾ 1oq 109¾ 109¾ 107¾ 108 109¾ lUUl}s Opening. • ••• , 109½ ½~~ Highest. ·••· 1 110½ • .. 109¼ 114 133¼ 11:.i¾ Lowest ... •... , 109½ • •.. 109¾ 114½ 133}fi 112¾ Closing .. ••• 110½ . .. . • .. . i~et i~g~ m~ m½ n~ :::: ::::m~ m½ m~ ~:g~~f: rn~ mt ½8~¾ 1m: m~ m~ rn~ .... ;ii m11:% Lowest .•. 10314 110 Closing .• lC:3¾ 110 - Registered Bonds. 2s, Op2s, 3s, 4s. 4s, 5s, tion. cons. 1918. 19u7. 19\l5. 1904. ~~~ Registered Bonds. Coupon JJonds. Registered Bonds. .: 3s, 2s, 3s. 19 L8, 4s, Op3s, 4s, 4s, 5s. 1911:!. small 1907. ~~ ~04. t10n. 11H8. 19U7. 19\l5. 1904. .; 110 109¼ 112 110 109¾ 109¼ 111¾ xll0 116 1111:14 115x 116% 138¼ 138¼ 138 138 113~ 113¾ 113 113¾ ... ... . x:09¼ lltS 114'¼ 133¼ 113lJ,£ 110 133¼ 113ij ... . ... 109¼ 114½ 133¼ 113 .... .... .... 110 ll5¾ 133¼ 113:1:,£ .... .... 109½ 115½ .... ... ... .... 109½ llf>½ .... · ••· ... . . ... 109~ 115½ . ... .... ... . . .. 109½ 115½ .... .... .. .. 110½ x14¼ 134¾ 118~ ... . .... 110½ 114¾ 134¼ 114 .... .... .. 110¼ 114½ 134¼ ½½~ ... . .... 110¼ 114¾ 13i¼ x:104 x0!.l¾, 114¾ .... 113~ .... 104 109\14 115 .... 113l¼ .... 104: 109¼, 114¾ .... P12,t .... 104 ... ... 105 105 104~ 104 109½ 115 109¾ 115½ 109lJ<t 116 109¾ 115 109¾ xll5 .... 104!,(, ... .. 109¾ 114lJ,i 107 llQ¼ 116¾ 104 ¾ 101!¾ 11• ½ 106% 110¼ J 15½ .... 137 138 137 138 113 113 113 113 138¼ 139 138¼ 188¼ 115 115 115 115 1901. Coupon Bonds. Registered Bonds. I Registered Bonds. Coupon Bonds. 28, 2s. Ss, cons. 1930 3s, 1918, 4s, 4s, 3s, 4s, 4s, 5s. 1980. small 1918. small 1907. 1925. 1904. cons_ 1918. 1907. 19ll5. 1904. i~o ----- ----- -- -·- ---------July. I ... . .... 113¼ x13P .... . ... Wlening. :r106 x05¾ 111 110 xl14 138½ 113½:x:05½ x:10½ 114 x138 Opening. x0,t .... 108½ .... x:12½ 138½ ghest. 106 105¾ 111 110 114½ 138½ 113½105½ 110½ 114½ 138 113 138½ ½88~ ... .... lUI¼ 139 .... .... Highest. 107 ' ....... 108½ 108¾ Lowest ••• 105¾ 105¼ 110½ 110 114 138½ 110 105½ 109½ 114 1374 .... .... . .. 112J.il 138~ 109½ .... .... 112~ 139 Closing •• 105)4 105.!'4 111 110 114½ 138½ 110 105½ 110¼ 114½ 137¾ .... ~Po':f;~·:: l8i~i .... 108¾ ... 118 138¼ 109½ .... ... 112¾ 139 .... Feb. August Opening. 10514 :rl0½ 114 .... xlffi ... l05½ 110¾ 114¾ ........ 137 .... Openin11. .... .... x0S¼ x0S¾ 113 :r36¾ ... .... 108 Highest. 105¾ 137 1Im 11 106 110¾ 114¾ •··· .... .... 108¾ ..... ... 110¾ 114 ... .... Highest. .... 108¾ 108¾ 113½ 137½ Lowest ..• 105!,4 137 110½ 110½ 113~ 110 105½ 110¾ 113¾ .... .... Lowest.•• .... .... 108 .... 108¼ 108¾ 113 136¾ . Closiniz .. lil5¾ .... 111½ 110¾ 113¾ .. Closing •• .... .... 108¾ 108¾ 113½ 137½ . ... ... 108¾ .... 137' .... 110 4 106 110¾ 113¾ March. Sept. 106% .... 111¾ 111 114 138 111¾ 105¾ 111 xll3 137¾ 111¾ Openiniz • 108¾ .... . ... .... .... . ... 113¼ 137 .... . ... .... 108¾1 fil:gl~~: 106¾ ... 112 112 115¼ 138¾ lll~ 106¼ 111¾ 113 137'¼ 111¾ Hiizhest. 108¾ .... 108¾ .... ... ....... ........ .... 113¾ 139¼ Lowest••• 106¾ .... 110¾ 111 114 1871}.t 111¾1105¾ 111 1m 137'¼ 111¾ Lowest ••. 108¾ .... 10$¾ . ... .... ..... 113!,4 137 .... Closiniz.. 106~ .... 112 119 115¼ 13El 111¾ 106¼ 111¾ 113 137¾ 111'¼ Closing •• 108¾ .... lt8~ .... .... 113¼ 139¾ .... .... .... . .. April. Oct. Opening.x06% .... 111~ 111 x:114 138½ xl06 .... 113¼ .... .... Opening . .... .... 108½ 108 x12¾ 139½ 108 x0llij x07¼ 112¼ .... .... Highest. 106¾ .... 112 111 114 l:-19¾ m .... Highest. .... .... 108½ 108 112¾ 139½ 108 109 107½ 112¾ .... .... ~106½ .... 118½ Lowest .•. 11J6~ .... 111¼ 111 114 111¾ 106 113¼ .... . ... Lowest ... .... .... 108½ 1C6¾ 112 139½ 108 109 10'7½ 111¾ .... .... Closing .• l0tl¾ .... 111¾ 111 114 139¾ 111¾ 106½ .... 113¾ .... .... Closing •. .... .... 108½ 106¾ 112 139½ 108 11,9 107¼ 111¾ .... .... May. Nov. Opening. 106§8 .... :rllO .... :r38¾" .... xll0 .... 109½ 118¾ 138¼ 110 Opening• 109ij .... x08¼ x08 112¼ .... .... .... .... 112¼ 139¼ .... Highest. 106¾ .... .... 138¾ 110 109~ 113¾ 138½ 110 Highest . 109 108½ 108 112¼ .... .... .... . .. 112¼ 139¾ .... Lowest••• 106½ .... 109¾ .... 109 113½ 138½ 110 138¼ H9¼ Lowest ... 109 .... 108½ 108 112¼ ... . .... ... . .... 112 139¼ .... Clo~ing .• 1C6¾ .... 109:hi .... ... . 138¼ 109¾ 109 113½ 138½ 110 Closinir•• 109¼ .... 108½ 108 112¾ ... .... .... .... .Ll2½ 139¾ .... June. Dec. Ooening. 106¾ .... 109½ 108½ 113~ 13/l¾ . ... .... 106¾ 109 x12½ .... .... Opening. 109½ . ... 108¾ 108 113 139¾ 1077-(x0'-¾ .... .x:11¾ Highest. 108¼ .. .. 109½ 108½ 113¾ 139¼ .... 106¾ 109 112¾ .... .... Highest. 109¼ .... 109 108 113 139¾ 1077-{ 108¾ .... 111¾ ... .... Lowest .•. lOt!¾ .... 108¾ 108½ 113¾ 13"¾ ... 106¾ 109 112½ ... . .... Lowest •.. 109½ .. .... 108½ 108 113 139¾ 107¼108¾ .... 111:)f, Clostng .. 108!4 .... 108¾ 108½ 113¾ 139¼ .. . 106¾ 109 112½ ... . .... Closing .. 109½ . .. . 108¾ 108 11:l 131)~ 107¼ l0h'¼ . ... 111¾ .... . ... ---Jan. 3s, c~~•s.I 1 4s, 5s, 4s, 5s, 4s, 3s, 1918. 4s, 2s, 3s, 11130. small 1918. small 1907. 1925. 1904. cons. 1918. 1907. 1925. 1904. •·· 1 •·· ·••· ••!• 1!18½ 110½ ·•• · ·•• · ·•• · } 190~. Coupon B o nd s . 2s, cons rn;io. ~;g~!f: xOox, 10'-U I I ,.. I •. ----- ---'---- -··- ---- --- - -- - -- --- Feb. J'tlarclt . .. .. .. .. .... ... . .. .. .. ... . xllU 112 lllUi 112 x 08¾ x08¼ lOll 10 ¼ 1118½ 108¼ lvlJ 108~ 112¼ 11211! 11~¼ 112¼ 10 ½ 109½ Lowest ... 108Xi 108¾ Closing . . llld~ lUU;s, Opening H1gbe•t . Lowest ... C1oein11 . .. Openin~. 1(9~ 109½ Htllhes t . l( 9¾, 110 Lowest ... U1U% 101-1 Closiniz . . l\JI/~ 110 109 )09 101-1 109 Opening . x:09½ Hil,{bes t . LU9½ Lowest ... lv9½ Closiug . • 11J9½ 1011½ 109¾ 109½ 109~ 109½ xlll lu9½ 111¾ 109½ 111 109½ 111~ Opening. Highest. Lowest ... Clo>ing .• l0f¾ 109l}f. 109¾ 109¾ x08½ 1• 8½ 108 108¼ Ooening. Highest . Lowest ... Clnsrng .. .... ... ... ... 107½ 107½ 107 107 April. ttlay. June. Co upo n Bonds. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... .. . ... ... ... .... ... . .. 112,-( 113 lU~ 112¾ 111¼ lll¼ 110¾ 110¾ 110½ 111 110½ 110~ .... .... ....... .... .... .... .... .... . .. . ... .... .... .... ... .... .... .... .... .... x:06¼ .... 106¼ .... 106¼ ... 106¾ .... .... ... .... .... .... ... .... 139¾ 139¾ 139¾ 139¾ 112 112 112 ni x139 131) 139 13U .... 112½ 11.!½ 112 112 1311½ 139),p 1H9~ 131!~ .... .... .... .. . ... ... . ... .... ... .... xll½ 111½; 111½ 111½ . ... .... . ... ... . .... .... .. .. .... .... ... .... ... .... ... xl09 ....109½ 109¼ 109¼ ... . .... ... . 111¼ 111¾ 111¾ 111¾ . ... Openin11. Hlghe>1t. Lowest ... Closing .. 106½ 1011½ 106¼ 106¼ Opeuiniz. Hiizt,est. L •>wesr ... Closing .. , ... . 107~ . .. . 109½ rn5"1 August Sept. Oct. Opening 1115~ Hi~hest . 105 l..,owes t ... 1057' Closing .. . .. .... .... .... ·•· · .... .... .... .... .... 111¼ .... 105¾ ... ... . .... .... .... lll¾ . ... 105½ .... . .. .... . .. . 110¾ ... 105"9 .... .... .... .... .... ... 110¾ · ••· 10.5¼ .... .... .... 107½ ... . x09½ 136 .... 107½ .... l00xi la6 .... .... .... 107¼ .... 109½ 135¼ ..... ... .... ... ... 109½ 109 109¾ 109 July. Opening. Highest. Lowesr ..• Closing .. .... ..... ... .... .... ...... .... .... x05¼ .... Registered Bonds. 2s , I ::is, 3s. 4s, 4s, 5s, 2s, 8s, 191~. 4s, 4s, cons 3s, 1918. 5s , l1J30 . 11118. s mall 19U7. 1925. 19U4. C<Jns. 1918. small 1907. 1925. 19u4. 3s, :ls. 3s, 19L8, 4s, 48, 3s, 19 18. 4s, 4s, 5s, 19 ltl. s mall H>07. 11125. 190!. cons 11H8. small 19ll7, 19\l5. 1904. - -- - - - -Jan. Registered B o nds. Nov. Opening. Highest . Lowest. •. Closin1C•• · Dec. Opening. Highest. Lowest ... Closlnir .. x07¾ 10 7¾ 107•¼ 107¾ 106¾ lUf:l'¼ .. . ----· --- - - -------- ·-- - - --..... lUfl½ . .. . . .•. , 107 100¾ x32¼ . ... .. 106½ . .. • 107 109¾ 132¾ .... x0~¼ lllll,d .... 108¾ 108¾ .... x 05¾ x:06¾ .... .. . 107 11 6¾ . ... .. .. lOn¾ l0tl~ .... · · •· 107 l0tl!jf. .... ... . ... . .. .. . 106¼ 106}t, lOi¾ 1111-¾ Hi7½ ll8 ... . 108 .... 109 .. .. 108 .... 109 108~ 108¾ l0ti¾ 108!!,t . ... ... . . .. .... x108 108¼ 1(18 108¼ 108 108 108 108 ... . . ... 111½ 111!,ii ..... ... .... .... 107~ 107~ 107~ 1071¼ ... .... ..... .. ·• ·· ····1 ... . 107 •.• . 108~ 108½ ........ 108½ ... 108½ . .. . . .. .... .. .... .. x:09~ 1111½ 1U7l}d . .. . 107¾ ... . .... Ill~ 111½ ... . 111 .... 111 ... 110½ 111 ........ ... 109¾ .L09¾ ..... .. . .... ... .. 107 107 rn~ij! ~ .... •· · .... 107¾ 137 137 137 137 ........ 105',,4 105¼ 1115 ~ 105X .... . ... . .. . . ... . .. . .. .. .... ... .. ...... .. . ... .... .... x:0R½ 135!,,i 135~ lll5½ 109¼ 135½ .... 1•l0t;½ ... . •9½ .. . .... .... .... ... . ...... •· ·· ........ ..... 108¼ 132 108}4 132 xl04 10s:¾ 105½ 104 ll•B¾ 1U6'¼ 10,1 10~ 105¾ 104 1, . CJ 106¾ .... 107 .... ··. ..·- 107 xl!'¾ 137~ 105½ .... x:07¾ 111¼ 137¾ 1U5½ .... 107% 110¾ 137¾ 105¾ .. 107% 111 137!J;t 105~ .. .. 107¾ .... 136½ xl05 .... . ... 136½ 105 .... ... . 13tl½ 103-U ... . ... 136½ 103½ .... 108!,(j 108J,.( ..... ... .... .... .... 1071J4' , .... ... ... . 107~ .... .... ... 107M . . .. ... . 111¾ 111¼ 108¼ lt,8¼ 106¼ 106¼ 106½ ..... .. 106½ 103l}.i 100&.1 103¾ 10:- ~i STATE SECURITIES-RECORD OF. PRICES 1860 TO 1902, INCLUSIVE. In the tables which follow we furnish a record of the course of prices of State securities on the New York Stock Exchange since 1860. Dealings In these securities are now very small. The method of compiling the prices is stated in the tables. 1860 to 18'71, inclusive. Prices from 1860 to 1871 are compiled from sales, and 1871 to 1890 from prices bia on Friday of each week; from 1891 to 1902 from sales. 18ti3. l!:!bl. H:!tiO. DESCRIPTION. Lowest. Lo west. High est. Ohio 6s, 1886 •••..•••• Kentucky 6s .... .... . 111., Int. Imp. Stcri:. '47 " , uterest. " " Ill. 6s, '79, cou .. . . . .. . Ill. War Loan . ... . .... Indiana 5 p er cent . .. Michigan 6 p er cent... Tenneesee6percent. !06¾ J an. 99 D ec. 100 Feb. 100 Mch. 104¾ May . . . .. . . . •. . . 86 Jan. 98 Mch. 64 Dec. 113¾ Aug. 106~i JunP, 106¾ Oct. 100¾ July. 106¾ Sept. . .• .. . . . •. . 93 Aug. 106 June 93 June ii~gi~f~~-p~~~:;i~: :: 73 "i/ec.' "95 ":ricli: 'oo'".ii>rii 'si ..iiar .. 41: "riih{i>ec·: icio .. s~i>i: "4,f'"jiiii"e 82¾.Feb.· '6{, .. ;~-djaro1fn~6;~g_s .... Hi~hest. D ec. 109 Feb. 65 April 97 Jan. ... . •• . . . . .... . .•• . . . •• . . . . . . . . . . . . . 75 June 85¼' Sept. .. .. .. . .. . .. .. •. . 75 July . 93 April 77 D ec. 83¼ Oct. 34¼' June 77 Ma r. 87 Highest. Lowest. 93 Jan. 70¾ Jan. ... .. . .... .. . . . . . . . . . 80¾:' Jan . '";7 Jan. 75 F eb. '77¼ Jan. 42 J an. 0 Jan: jiin·: 45 May. 77¼ Mar. 71,¼ May 88 J an . 18ti7. I ~ bb5 J8ti4. ~iihest. Highest. Hoo: '"iia~: 0 .65,½.0ct: · '49 ..iiec ·75'"Feb: 'ir' ..jaii. 64 ··sepi: •oo·•·jan·.· 73 °Nov. '74· ·Juiie 'i,s"'·He"c.' ·so.. 'l\iar. '49.. "jan.' .63 .. Ang: 5g° .'jaii"." ·sr ..iiec: 0 ~i!!~~i~i :~:;i~~Jt~~: ·5i· ..nee. ·s4¾ .jtiiie ·w· ..iia1: ·1r "jiii:i: ·,;o· ··jii;: ·5iij.{Feb: Jan. 99¾ Oct. Jan. 95 Sept. 1866. Lowest. • ....... . 115 Nov. •••••.• .... •••• ....... ..• . .... •• • •••••. •. ••• , • , .... •• •.••. •• .... • ... . 100 Dec. . •. ... .. . . .. ........ .. ............................... . • ......... . . . . . • . . • . ... . ..... .. . ... .• • . ... •••• ... .... .. •••• ..... 110 Dec . . . .. ............... .. .... . ...... . . . .................. . 105¾ Dec • . ••.•• ..• , • •• ••• . • ... • ... . ... • . . ••• . ••• •••. • •• ...... .. •• ·•••••• 84 May •••••.••• ••. •. .••..•.•.... •• .•••.. ••• •• .......................... . 105 Dec. 92 .. 63 F eb . "ifr"j;i:i·: 67)i°May: '5i'Jttly: 'ii4"''j~i;· "50 N. C. 6 p . c., newbds . .•.. •• .••• . . . •• . . ••••• .•.• .••.••. . . • •••. .•. •••• •• ••..• Louisiana 6 per cent. . 94 Califorriia7percent .. 82 Highest. Lowest. •. ..... ••.. ·1ii ..::M'a:r: 'ii,· .. oci: ·iiihi·n~·c: 55 Nov. 80 Mar. 52 Feb . 59 Jan. 70 Mar. 76¼Jnn. 116,¼Dec. 114 18ti8. Aug. 139¼'Mar. 123 1869. . •..•• . •· • ..................... . ·:i5]iAprii 75 Jan. 167 1870. 51 April 60 Aug . 112 ·79· ..nee: "Yiar: Feb . 80 Dec. May.155 1871. Jan. -----,--·------1•-------1-------- 1------ ---------1-Highest. Lowe,t. , Highest. Lowest. n;gheat. Lowest. mghe,t. Lowest. I mghe":_ LoweaL HlgbeaL DESCRIPTION. I Lowest. ~:~~:iE.e~~~n{a~..::1.~-..~~:·. ~00 -~~~~ x611...~~~.' . .'.~~-~~:':~~~~-~~~: . .'.~~-J~~:xJ8~E!~ ~~½ ~!~: xf;t;if:r·. ii¼1~~i: gi f;~ ~g¾i~j 1'.1:~:·. ,.~?. --~~~:. ~ ~~-~~~.' . . ~? ..-~~:: xiJ f;;i. ~i~ i!~: x~¾ j!~: ~g ::~: ~g¾ ~~t_ ~i t&; ~'. 4lS. ..Mar. i~gJ~~~~~e~dcse.~~·: : : .~?...~~:: .'.~ ..~ 60¾ July. x50 Jan. 79 June x40¼ D ec. 66¾ Jan. x40 Jan. 55 July. 31 Dec. 51¾ Foo 4 1 : • •~ N. Carolina 6 per cent. 73 Nov. 88 J an. • ...... . ..................... . ......... . ... . 21 N. C. do. new bds. . . . ..... ...• .... .. . ~~~~i l~:~i~~Ji~~ ·71 . 'iiar: Louisiana 6 per cent.. California 7 per cent.. Co11necticut 6s. . . . ••• ~bode Island 6s.... •• 80 J an. April • . •• • .. • • . . . . • .. . • . . . . 106 ·ooji·n·e·c _100 Sept. 120 Oct. • . . . .. . . •..• .. . . . . .. 64 Nov. Jan. 20,¼Dec. 36¾ J~!: 15¼ D ec. ·siii{iia;: ioo "juiy. "s4· ..N"c;;: ios"°Ji,eb: .85 .•. sept: 'oo}i'.rwie .85. ·:.iaii:· '95 80 115 98J!S 99 Feb. Jan. J an. April Jan. D ec. Sept. Mar. 9(l 12S 102 100 ··;,un e . . .. . .. . . . . . .. • . . . . . •. . . • . . . • .... . . ... . .............. . .... . . 128 Dec. 184 Mar. . •. • • •• . •• . .. .. • . . • . . • ........ .. . . . . •••.• •. ...... . .. ... i~¼ fa~~ 29¾ Feb :i~ ~ 18" to 1817', tuclu81Ve. ~ I DBSCRIPTION 1872. I Higbeat. Lowesi. 1874. 1878. Lowest. ·- - Highest. abamar-5s, 1886 .. . ... .. .. 55 Mar. 6~May. 45 July 57 Jan. 8s of 1888 ................... 80 Aug. 110 Jan. 45 Aug. 82 Feb. Arkansas-6s, fund ......... . 40 Nov. 67½June 25 June 40 Feb. 7s, L. Rock & Ft. Smith . .. 50 Aug. 60 Feb. 15 Nov. 27 July California-7s ... ..... .... . . .. 100 Sept. 115 June 101 Dec. 116 June Connecticut-6s .............. 98 Jan. 102~Dec. 97 Oct. 102¾ June it eorgia-6s .............•..... 70 Jan. 77 Jan. 59 Nov . 82 May 7s, new .. . ................... 84 Feb. 90 May. 70 Nov . 91 May 85 Nov. 99 July m tnois-6s, 1879, c oupon•... K entucky-6s .. ... ........... 95 Jan. 101 July. 95 Jan. 100 Aug. Louisiana-6s, Levee ..•.... . 50 Oct. 67¼Apr. 50 Jan. 55 Aug. Lowest. Highest. Jan. Apr. ept. Aug. Jan. Jan. 65 Jan. 82 Jan. 95 Jan. ' 97),j;July. 15 June 25 40 8 5 110 97 No.Carolina-6s, old,J.&J. 6s, new, J. & J ......... . .... 6s, special tax: .... ....... ... Ohio-6s, 1886 .. . .. .... . ...... Rhode Island-6s .•.. . ....... eouth Caro!ina-6s•.......... 3t i.811:: ::: ::::: :: :::: ::: Tennessee-6s, old ..... ..... 6s, new . ..................... Virginiar-6s, old .... ... ... ... es, consol ............ .. ...... .. Oct . 803,gMay. 88¼Mar. 20 Oct. 15 Jan. 23 Mar . 14 Dec. 10 Oct. 16 Mar. 5 Nov. Nov ·Jan: ii>2½iiiiie 99 98 May 40 Apr. 56 July. 22 Nov. Mar. 89 Nov. 8 23 Sept. 22 Jan. 36 Apr. 19 Mar. 63¾Jan. 80¾Dec. 63¼Nov. 63~Jan. ~Dec. 62~Nov. 42 July. Feb. 82 Oct. 5Q½July. 59 Mar. 44 Oct. -~ir 1876. I 1877. Lowest. Highest. Lowest. Highest._ 41¼Jan. 26 Jan. 85 Nov. 82 Jan. 48 Nov. 42 Apr. 26 ,Jan. 34 Apr. 82 Jan. 48 Nov. 88 Dec. 25 June 45).gFeb. 15 July 80 Jan. 2 Aug. 10 Jan. 17 June 8 Dec. 18 Feb. 117 May ........... 110 Dec. 105 Jan. iis··Nciv: ioii··oct:· iis··:iiina 96 Sept. 91 Aug. 97 Mar. 98 Feb. 102gJuly 104 Dec. 100¾ Jan. 107½ June 108 Jan. 109 Mar. 104 Dec. 100 July. 104 Dee. 100 Jan. 103 Dec. 104 Dec. 100 July. 104¼ Jan. 100 Jan. 107 Nov. 40 Dec. '/:17 Dec. 46 May. 85 Jan. 56 Dec. ........... 52¼ Dec. 69¼June 50 Jan. SS¾May io1··iaii: 107½ Oct 103 Aug. 107 Apr. 101 July 107 June 94'¾Jan. 102;1,~ June 101¾ Jan. 18ffl Sept. 104¼ J an. lOfflJune 1053,g Jan. 109 June 102 July 10 May. 101 Jan. ::.01 Feb. 15 De11. 27 Jan. 13 Sept. 18½ Nov. 15 Oct. 23 J an. 6 Oct. 12 Feb. 9 Jan. 5 Oct. 7 nee. 16 Jan. 1 Aug. 8~Jan. 1 Aug. 4~May ¾ Aug. 37-!Feb. 103 Jan. 108 Se~t. 105 Jan. 114 Aug. 105 Oct. 114 June 102 Jan. 108 Oc . 105 Jan. 111 Dec. 105 Oct. 111 May 26 Sept. 85¼ Dec. 80 June 40 Nov . 82 Jan. 45 Apr. 27 Aug. 85 July 80 June 87¾Feb. 80 Aug. 45 Apr. 26 Sept. 85½ Dec. 30 June 37½Feb. 80 Aug. 44 Apr. 62 Jt' eb . 78 Jan. 40~ Dec. 49 Aug· 4~Nov. Nov. 4 62 Feb. 77¼ Jan. 40 Dec. 49 Aug. ~ 30 F eb. 40¼ Oct. 22 Sept. 37 Jan. 80 Jan. 84 Nov. 55 Jan. 76 Dec. 73 May. 78½Nov. 6~Dec. ~J»-1e Lowest. Highest. 89 Dec. 25 Dec. 45 July. 25 Dec. 85 Mar. 20 Jan. 8 Mar. 28 Jan. 114 Nov. 105 Jan. 106 Dec. 10a Jan. 80 Dec. 80 Jan. 92 Dec. 88¾Jar.. 102½ June 99 Jan. 102 Nov. 100 Jan. 28 Nov. 25 Jan. .85 .. Nc;v: ·gs .. May· ·9¥ .. ian·: ii>4··n;,;c: i888::: '.'.:::::: M1~1J~~~~ii. Missouri-6s, \ong .. ......... . ·g~sept: 97¼.Yiiiie 85 Oct.. ~June 9~Ang. 98¾Dec. ov . 108 J a n. 110 May. 109 May. 108 N ew York-6s, bounty, coup 10 1875. 108 June SS!,,i Jan. 18 June 29 JaR. 19 Jan. 10 Aug. 21¼Mar. 17½ June 5 Sept. ll½i Feb. 100 Jan. 106¾ Ma y. ~~: 97 Jan. 105 Dec. 40 Jan. 20 Apr. 80 Nov. 6,V Jan. 81 Dec. 22¼Jan. 28 Apr. 12 F eb. 80 Dec. 841),;!Mar. 67 Oct. 91¼Mar. 91½ Mar. 85 Mar. 67 ' Oct. 47 Feb. 28 June · 42 Jan. 667-! Mar. 49¼ Jan. 58 Dec. m .. B:~: - 1St'8 to 1883, lnclu8iTe. 1878. 1879. 1880. 1881. DE3CRIPTION. L owest. Highest. 1882. - 1883. Lowest. Highest. Lowest. Highest. Lowest. Highest. Lowest. Highest. L owest. Highest. 44 Aug. oS Dec. 54¼Jan. 7S¼Dec. 71 Mar. 8l¾Dec. 711 Sept. 85¼Dec. 80 July 84 Jan. ····· ·· ····· 5 Apr. 20 Jan. 10 Apr. 21 Dec. 20 Jan. 89 Dec. 20 Mar. 37¼Jan. 10 Mar. 28 Jan. 26¼ Jan. 6 Jan. 1 Mar. 8¼May 2 Aug. 12½Dec. 8 Apr. 40 Nov. 5 June 35 Aug. 7 Oct. 68 Feb. 109 Apr. 104 Apr. 109 June 104 Aug. l07¼Nov. 102 Aug. 106 July 100 Mar. 103 Jan. 100 Jan. 103 June 102¾ July 99 Sept. 10211jJuly 97 Apr. 107 Dec. 106 Feb. 118 June 103 Aug. 109 Jan. 102 Apr. 107¼Jan. 110 Dec. 107 Jan. 114 Dec. 10':' Jan. 112 Dec. 109 Apr. 114 June 105 Aug . llO¼Apr. 103¼ July 107 May 109 Dec. 107 Jan. 118 June 109 Apr. 116 Dec. 111 Apr. 119¼ June 112½ Aug. 117¼Mar. 112 Aug. 84½ Feb. 86¾Aug. 67½Jan. 40 Aug. 5~nec. 53¾Jan. 69 Dec. 63 Apr. 71¼ July 63 Apr. ll~June NOT. 7 106 Dec. 101¾ Jan. 106¼June 102 Jan. 10 Nov. 102 Jan. 105 8ei)t. 100 July 104 Aug. 115 Oct. 100 July 115 Jan. 110 Jan. 118 Dec. 114 Jan. 122 Oct. 110 Jan. 120 June ii¥''Feb.' 118 Jan. 104¾ Dec. 101 Aug. 105½ June 100 Jan. 105 Nov . 102 July 108 July 100 Jan. 103 Dec. 100 Jan. 108 Jan. 107 June 103).gAug. 108½ June 105½ J a n. 111¼ Dec. 108¾Jan. 109 Jan. 115 June 109 July 118 June 0 105 Jan. 112 May 106 Jan. 115 Nov. 111 Jan. ~~ 113 July 120 Nov. 116 Feb. Y~l June i~~ 102 Jan. 107~4 June 102 Jan. 110 Dec. 107 Jan. ll3 May 100 Jan. 109¼ Dec. 108 Jan. llO¼Apr. New York 6s ....... . .. ... 1887 118 July 115 June 106 June 110 Jan. 106 Jan. 111 Oct. 105 Jan. 112¼May 108 Oct. U2 June 107 Jan. 110 Apr. . ... .. . . 106 Mar. 110 June 104 Dec. 107 Mar. 102 Dec. 110 Apr. 101 June 105 June 6s, loan .. ... ........... 1883 . . . . . .. . . . . . 6s, loan .... . ........... l892115t1 Jan. 124 Nov. 117 Sept. 121 Feb. 115 Dec. 120 Nov. 115 Jan. 122 July 119 June 121 Feb. iis··Aiir: ··Jaii: No. Carolina 6s, old .. 1886-98 14 July 19¼ Dec. l'7¾Feb. 28 Dec. 26 Jan. S2¼ Dec. 82 Feb. 40 Oct. 20 July 30½ Nov 28 Jao. 120 32 Mar. ~. C. RR .......... 1883-4-5 65 Feb. 85 Dec. 85 Jan. 111 Dec. 110 Jan. 115 Mar. 115 Jan. 150 Aug. 120 July 156 Nov. 155 Jan. 160 7, cc 11pons o1f. . . . 45 Mar. 65 Dec. 65 Jan. 92 Dec. 90 Jan. 9e Mar. 90 Jan. 130 July 100 July 130 Aug. 130 Jan. 185 July do July .•... 18118-98 ti Aug. 11% Dec. Funding act 7 Mar. 14 Jan. 9½ Jan. ll!¼Dec. 10 Dec. 16 Nov. 8 June 11 Jan. 10 Jan. 11 Apr. Newbonds ...... . .. . 1892-98 7 Jan. 11 Dec. 8 Feb. 15¼ Dec. 15 Jan. 2() Dec. 20 nee. 28 Apr. 12¼June 20 Jan. 15 Jan. 16 Apr. 2¼ Apr. 1 Mar. 5 Dec. Special tax, class 1... . .. . . . 2 Jan. 2 July 9¾Apr. 5 June 8 Jan. 6 Jan. 6¼Jan. 4 July 8~Jan. Consol. 4s ...........•.. 1910 . . . . ........ . ..... . ... . ......... flO .1uly 83¾Dec. 80 Oct. 89 June 75 Sept. 82 Jan. 77¼Feb. 82 Dec. Ohio 6s.... . .. . .. ...... 1881 102 Dec. 106 May iiii"Yan: 105 May 100 June 103¼ Oct. 100¾ Jan. 102¼June 6s .... . ... . .... .. .. . . .. .. 1AA6 105 Jan. 111 Dec. 105!14 Mar. 115 Oct. 106 Jan. 112 June 107 Dec. 115 June ioif ' Feb. 1i2 " J'uiie 100 ··Feb. i~ii¼iiar: May 117¼ Jan. 105 Rhode I. 6s, coup .... 1893-99 110 Jan. 116 May lOP Jan. 121 Dec. 114( July 120 Feb. 110 Jan. 120 Feb. 115 Jan. 118 May !I:( Feb [ 2¼ May .J Feb. So. Carolina 6s, act 2 Jan. 4 Oct. 61),;!Jan. ~Jan. 12¾Nov. 4 July 1()¼Jan. · 2½May 28, '00, non-fund.1888... 6¼Jan. Brown consul. 6s ..... . 1893 . ........ 102½ Aug. 106¼Dec. 100 June 105 Dec. July 104~Deo. Tennessee6s, otd . .. 1890-2-8 80 Nov. ·w¾iie:;: ·so··Feb: .4i .. Feb: .30 .. Apr.' 50 ''ne·c. 45 Jan. 78 June 41 Dec. 7~Jan. 100 July 80 44 Feb. 6s, new ......... 1892-S.1900 253,s Nov. 87¼Jan. 24 Mar. 33¼ Oct. 25 June 48% Dec. 45 Jan. 777/4June 40 Dec. 7 Jan. July 44 Feb. V irginia 6s, old ..... . ........ , 20 June 81 Feb. 25 Jan. 85 Mar.l 18 Jan. 32 Dec. 30 Jan. 40 May 26).gJune 36 Feb. 80 30 Ma. 40 May 6s consol.... .. ...... .. . • . . 66 Feb. 75 May 74 Jan. 80 Oct. 75 Jt1on. 105 Dec. 104 Jan. 121 May 80 Mar. 100 July 50 Mar. 82¼Jan. ~s deferred ..... :.••..... . ... 4 Feb. 7¾Dec. 5¼Sept. 8),(May · 5¼Jan. 17¼Dec. 12½Feb. 20¾Apr. 10 June 17\¼!Jan. i Oct. 13 Jan. Alabama-Class A, 3-5s .lll06 Arkam,as6s,fund, .18911-1900 78, various RR. Issues . .. . . 2 Dec. Connecticut 6s . ....... 1883-4 105 Jan. Georgia 6s .. ... . ......... 1886 96i Jt'eb. 7s, new . . . ... . .. . ...... 1886 104 Jan. 7s, gold . . . . . . . . . . . . . . . .1890 105 Feb. Louisiana 7s, consol. . . 1914 69 Dec. Michigan 6s . ............. 1883 101 Jan. 7s .... . ......... .. ..... 1890 108 May Missouri tSs . . .. ....... 1882-83 101 July 6s ........ . .......... 18811-110 102¼ Aui:. ---- ·i5··nec: ,1!~~:'§t '.J~:epi/~~tJ~ ½~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Mar.} ½l:¼ i~~: m 65 STATE SECURITIES. 1884 to 1889, inclusive. 1886. 1885. 1884. DESCRIPTION. _ _ _ ~ Highest. 1887. Lowest. Highest• Lowest. Highest. Lowest. 1888. Highest. Lowest. 1889. Highest. Lowest. Htgliest. 8l¾Jan. 80 Jan. Jan. Jan. 104 101 101 108 97 1 Jan. Jan. Jan. 2 Jan. 100 Feb. 101 Jan. ljU1 L Jan. l v .,715 Jan. 73 Jan. 63 Sept 65 Oct . 60 Jan. ½&8 May 1 Jan. 103 JJan. an. 103 105¼Jan. 107 Jan. 112 Jan. 102 July 102 July 103 July 103 July 110 July· ~i¼ 19 Jan. 2ou JJaann.. 21 7'1, Oct. 8 103 June 105¼June 105¼ June 114¼ Oct. 87 Dec. 75¼Dec. 75 Aug. 68 Aug. 115 Oct. 104~ J t:ne 107¼ June 109 June 113 June 117 June 122 June 123 Apr. 123 Apr. 107 Feb. 107 Feb. 118½ Dec. 13 Oct. 12¼ NNo vv.. 1 2 July 0 5 100 Feb. J an. l~ Jan. 1 108 Dec. 64 Jau. 67 F eb. 67 Jan. . . ... .. ... . . 108 Nov. 100 Jan. 102 Jan. 103¼ Aug. 107 Jan. 110 Jan. 115 Jan. 100 July 101 July 102 Oct. 102 Oct. 110 Sept 102 Sept 108¾Apr. 103¾July 106¼Jan. 102¼Jan. 107¼June 100 July 108 Dec. 103¼ Oct. 106 Mar. 102 July 108 May 103 Sept 114 Mar. 107 July 110 Jan. 107 Oct. 112¼ June 98 Sept 105 Mar. 100 Jan. 102¼ Apr. 98 Oct. 102 June 1 1 1 1 1 li~ M¼ t!~y·. ; ~¾ ~ 8 5 · Mar. 20 Jan. 27 Vee. 20 Jan. 27 May 8 Sept 12 Jan. 5 Mar. 25 Feb. 27¼ Dec. 17 Dec. 34 Apr. 8 Sept 12 Jan. 5 Mar. 20 Jan. 21 Apr. 18 Nov. 84 Apr. 8 June 7¼Nov. 5 May 8 Apr. 7 Jan. 12 Apr. 8 Feb. 102¼ July ..... .... . . .. .......... . ....................... . ............. .. ...... .. 102¼Mar....... . ... . ....... . ... . . . ...................... .. .... ..... ... . ...... . 102¼ Mat. . . . •. . . ..... . . ..•.. . ... . . ... . . . . . . . . . .... . ........ .. ............... . 114 Feb. 104 Nov. 109 Jan. 103 Jnly 106 Mar. 101¼ Oct. 105 Jan. , 94 Nov. 98 Jan. 102 Oct. 100 Jan. 109 Nov . 105 May 109 Jan. 82:l(Nov. 79¼;Jan. 9~ Mar. 88 July 93 Jan. 86 Feb. 94¼Dec.: 78 Nov. 80 Feb. 89 Apr. 86 July 90 Feb. 84 Feb. 9l¾Dec. .. .....• .. . .... . . . .. . . .. . . . . .. .... . . . . . . .... . . . . . . . . . .... . . . . . . . . . . . . .. . . . 112 Jan. 105 Nov. 109 Oct. 105 Feb, 106 Jan. 105 Jan. 107 May 102 Nov . .. ............................... .. 104¼ May 100 Jan. 102~ May ............ .. ...... . .. . .. 106¾ May 100 Jan. 103 Mar. 100 Jan. 102¼ June 110 Mar. 104 July 107 Feb. 101 Aug. 103¼May 100 Jan. 103 Dec. ll3 Mar. 108 Nov. 112 Jan. 103¼July 107 Jan. 102 Feb. 108 Mar. 119 July 110 Oct. ll5 Jan. 106 Mar. 108 Jan. 104 Feb. 112¾Mar. . . . . . . . . . . . . . . . . . . . .......... . 104 Apr. 104 Apr, 100 Jan. 101 Ja.n. ....... . . 104 Apr. 100 July 103 June .......... . 104 Apr. 100 July 103 June ........... . ........ . . . . 115 Aug. 110 July 113 Nov. 107 July 112 Jan........ ... . . . . . ....... .. Ja.n. Jan. Jan. Jan. Jan. Jan. Ja.n. Jan. Jan. Jan. Ja.n. 2¼ Jan. 2¼ Jan. 105¾ Jan. 81 Jan. May Jan. Jan. Jan. Jan. 11 May 1l May 21 Aug. 21 Aug. 7 Dec. 8 Dec. 4s Dec. 4 Feb. 115 Dec. 91¼ Dec. Ja.n. Jan. 135 Jan. 165 Jan. 135 Jan. 10 Jan. 10 Jan. 20 Jan. 20 Jan. 5 Sept 8 Jan. 10 Aug. . . . . . . . . . .. . 115 Jan. 88¾ Jan. 36¼ Mar. 175 Mar. 145 Mar. 175 Mar. 145 Mar. 13¼ Mar. 13¼ Mar. 23 Ma.r. 23 Mar. 18 Oct. U¾Nov. 10¼ Oct. ............ 129 Sept 100¾ Dec. 1~ 18~ o:~s~.~~-~~::.::::::::::i886 ;~ Rhode lsla.nd-68, cp... 18113-99 110 Sept 122 Feb. 110 Jan. 23 l 1 June 8¼ Mar. 2 Ja.n. South Car.-6s, act..,__.Mar. 1869, non-fund. looo ...... . 5 Brown consol., 6 ....... .1893 100 July 107 Dec. 10!¼ Jan. Tennessee-6s, old ... 1890-2-8 35 June 43¾ Apr. !l2 Jan. 6s, new bonds .. 1892-98-1900 35 June 48 Mar. n~ Jan. es. new series ........... .1914 85 June 42¾ Apr. 41¾ Jan. Compromise, 8-4-Hs .•. 191~ 41 Jan. 49 Apr. 48 Jan. New settlement, 6s ...... 1913 ............ ........... . ........ New settlement, 5s ...... 1918 ........................... ........ . June 6¼ Oct. 109¼ Sept 52¼ Nov. 52¼ Nov. 52¼ Nov . 61¼ Dec. . ........... ............ 18i 1gi 118 July 124 July 7¾ Dec. 5 May 104 Sept llO¼ Nov. 53 Jan. 65¾ Dec. 53 Jan. 65¾ Dec. 58 Jan. 65¼ Dec. 62 Jan. 75¼ Dec. 103 Aug. 109 Dec. 100 July 102 Aug. A.labama-ClassA,3to5.1006 78 Sept 83 Dec. CJa~s A, small............ . . 78 Aug. 81 Jan. ........... 1906 97¼ Jan. 102¼ Apr. Class B, 5s Cla1u-1 n. 4s .. . . .. . . .... . . . 1906 75 Oct. 82¾ Dec. 1 1 6 .A7r:.aE~t ~~1~ui1i·t~:~~~~ 7s Memphis & Little Rock.. 5 Sept 25 Feb. 5 Sept 24 Feb. 71!: L. R. P. B. & N. O. ... . . . 7s. Mi~s. o. & R.R...... . .... 5 t5ept 24¾ Feb. 9:l(Feb. 7s, Ark.Central RR.. . .. .. 1 July Geo nria-6s ... . .. . .. . ...... 1886 98 Sept 104 Apr. 78 new bonds ........... 18M6100 May 106¼ May 78 ' endorsed . . .. . ....... . 1886 100 May 106¼ May 7,,.: go ld bonds .......... 1890 107 Oct. 115 Mar. Loulsiana,-7s consol. ... .1914 6~June 78 Feb. . .. .. .. .. . . . .. .. .... ...... . . •.. . Sta.mped4s:. . 78 , small b onds............... 62 July 72 Feb. Ex matured coupon....... . 56 July 68¼ Fet,. Mtchlgau-7s.. . .. . . ... . 1890 110 July 118 Feb. Mtssouri-6s due 1886 ... .. . ... 100 July 106¼ May 6s . ....... .'.......... . .. . . 1837 100 July 108 Apr. 6s .............. . ......... 1888 103 July 109¼ A.pr. 6s . ....... . ... .. ........ 1889-00105 July ill Jan. Asylum or Univ .. .. .... .1892 107 July 115 May Funding bonds ....... 1894-95111 July ll8 Mar. Hannibal & St. Jo ...... .1886 108 May 110¼ Mar. Hannibal & St. Jo ....... 1887108 Ma.y 110½ Mar. New Yon-6s gold, reg .. 1887105 Sept 109 Feb. 6s, gold coupon .......... 1887 105 Sept 109¼ Jan. 6s, Joan .................. 1891111 .July 115 Sept ri lg 1 ~! ii w?: IE: g:, {g~: .... :·::::::::::Jgg~ m :f:~: gg 10 ½8 ~i Hf No.'Ca.rolina:.es, old .. 1886-98 27¼June 32¼:May 6s, old, A. & o.. ... .. . . . . .. . . . 27¼ June 82¼ May N. Car. RR ...... . ... 18834-5 160 Jan. 100 Jan. N Car RR 7s coupon off.. 135 Jan. 135 Jan. 160 Jan. 160 Jan. car· RR·• A.' & o...... . N. Car. RR.: 7s, coupon off.. 135 Jan. 135 Jan. Funding act ........ 1866-1900 8 Oct. 12¼ May W'unding a.ct ........ 1868-1898 8 Oct. 12¼ May Newbonds.J.&J ....1892-98 15 Aug. l9¼May New bonds. A. & o...... . . . . 15 Aug. 19¾ May 3 Feb. . . . . . . ..... . 1 May Chatham RR. 4 Mar. Speclaltax,classl ... 1898-99 1 May 3¾ Aug. Special tax, class 2... ....... 1 May 3¼ Aug. Special tax railroad issues. . 1 May .................... 1919 102 June 108 Sept 6s ConsoUs ... ; ............ 1910 75 Sept 84¼ Apr. N: ¥ii~~ tf:~: 30 30 160 1S5 160 130 10 10 18 18 2 2 es, new bonds ........ 1867 6s. consol. bonds......... . .. 6s, ex matured coupons ..... 6s, consol., 2d series......... 6s, deferred bonds .. .. . . . .. .. SS 45 30 40 4 Jnly July July July June 31··::,.aii". 37 Jan. 87 Jan. 50 Jan. 37 Jan. 50 Jan. 4 Apr. Ja.n. Jan. Ja.n. Dec. Jan. 40 65 42 55 9 108 Dec. 105 Au!!'. 110 Dec. 1 ~ Aug. 1 Jan. Jan. ~an. .,an. 31 165 135 165 135 ~~: ·is··N<iv. Nov. Nov. 85 Nov. 55 Nov. 60 Dec. la~ Oct. 45 45 30 Hl5 t:J:· :f~fy 1~ !~¼:f~:i Jan. 42 42 80 50 60 9 1i~~:g:11½~Sif:v 11~ ii¥ .Apr: Jui:v· 112 ioo... July Mar. 109 Jan. '\.l0¼Jan. 110 0 nGf~~Ht~~~~~;65e,cp.:i9'M Funotngos, couo........ 1899'105 J&n.. Jan. Jan. Jan. Mar. ~~. ~r 1 ~:g~ Bif i~r M 1 lit ~!.' l ~i ~ B:g: h1 ±~~: ~ f~f: fil :f~l~ fig :f:~: :f~~ Jan. 31 May 30 Ja.n. 86¼Mar. 35 Jan. 35 Jan. 1~ i~e 125 ·sg .. j\ii:v"to .. :-iaii": . v::~1~:.~Ti\~~::::::~~~~ 6s, new bonds ............ 1866 33 Jnly 40 Jan. Dec. 97 Dec. 97 Dec. 1 05 Dec. 95 1 ~ ~~~: ~~ 47 75 41 60 Jnly Mar. 60 Feb. 69 Jnly 13¾ Nov. E:g: ½½½¼~:: ggt fil :f:~: ½8330 Feb. 88 Nov. ½&Z 35 Jan. 86 Mar. 35 Ja.n. 35 Jan. 35 Jan. 36 Mar. 170 Jan. 170 Jan. 150 Aug. 170 Jan. 140 Jan. 145 Nov. 80 Aug. 140 Ja.n. 170 Jan. 170 Jan. 150 Aug. 170 Jan. 140 Jan. 145 Nov. 80 Aug. 140 Jun. 10 Aug. 12¼ May 10 Jan. 10 Jan. 10 Aug. 12¼ Apr. 10 Ja.n. 10 Jan. 15 Sept 22 Jan. 15 Aug. 20 Jan. 15 Sept 22 Jan. 15 Aug. 20 Jan. 8 Dec. 6 Feb. 7 Sept 15 Apr. 8 Dec. 16¼June 6 Nov. ll Feb. 10 Nov. 16¼ June 7¼ Oct. 11 Feb. 8 Dec. 16¼ June 6 Oct. 11 Feb. 117 Dec. 125¾ Mar. 118 Jan. 123¼ Aug. 94 Dec. 100¼ Jan. 91 Nov-. 96 Jan. 95 9 Jan, .. ~~~--· . ~ .. ~ .. ~~.~·. 115 Feb. 120 Jan. 106 Feb. 115 Jan. 3 Aug. 5 Jan. 7~ Apr. 5 Sept 104 July 109¼ Mar. 104 Ja.n. 107 May 57 Oct. 65¼ Jan. 57 Mar. 64 Dec. 57 Oct. 65¼ Jan. 57 Mar. 64 Dec. 57 Oct. 65¾ Jan. 57 Mar. 64 Dec. 67 Oct. 76¾ Feb. 67 Mar. 73 Dec. 100 Nov. 106¼ Feb. 97 Jan. 105 May 100 Jan. 103 Mar. 90 Feb. 99¼ Dec. , fjf July 47 47 47 100 7 Jan. Jan. Jan. Jan. Dec. Jan. 48 48 95 53 65 15 l~g¾~g;.• llg¼i~~ ~ r:~· Jan. 112¼July 104 Dec. 109 Feb. May Jan. May Jan. Ja.n. Jan. 15 May 15 May 4 Nov. 5 Aug. 6 Feb. 5 July 122 Apr. 91 Jan. 89 Jan. 30 150 140 150 140 10 10 40 40 65 32 50 ios ..Dec: ii1 ·. b: I Oct. Jan. Jan. Jan. 8¼ Jan. 50 75 40 60 50 ,:~: Jg J~e11b Feb. 100 Mar. 109 J.2b ii~: Dec. 106 Aug. Apr. June Apr. Oct. 6 37 May 180 May 150 May 180 May 150 May 13¼ May 13¼ May 20 Jan. 20 Jan. 8 Jan. 10 Jan. 10 Jan. 10 Jan. 127 June 99 June 96 May 5 3¾ Apr. 101 Sept 106 63 Aug. 63 Aug. 63 Aug. 73¼Jan. 102 Jan. 110 100 Jan. 105 ~ 8~~· ~ i!~: ~:~. Aug. 50 Oct. 48 Jan. ~!~~ ~~: ~ Jan. Jan. Dec. Dec. June Dec. t:~ i::t Jan. July Jan. May Jan. 48 32 35 7 i:ir Dec. June Sept Sept 8ept Sept Dec. June rg¼j~e 48 J ~ 48 Jan. 70 Feb. 42 June 50 Jan. ~ Sept 1~ Nov. 110 i~ June '"90· JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEO'BER. SECURITIES. - - - - - - - - ··---- -----1-----1----- -----1-----1----1-----1-----1-----_ _ _ _ _ _ _ _ _ _ Low.High Low.Hi1,th Low.High. Low.High Low.High Low.High Low.High Low.High Low.Jlt,;rh Low.High Low.High f,Qw.Hlgl Alabama-Cl . .A, 4to 5, 1006. l0R -106½ Class A. small . . . .......... 103~-107 l0H -109 Clai>s ~. 5s , 1006 . . . . . 100¼-102 Class C, 4s! llM? . . . . . . Currencv fundrnir 4J;!,,_ 1920. . . . . - .... &rkansas-6s, fd., lSw-1900 18, ~ 14 Non-Holfn rd .................. - .... 9 - 10 7s. L. R. & Ft. S. issue. . . .. 7s, Memphis & Little Rock 9 - 10 7s,L. R. P. B. & N. 0.. . .. . \I - 10 9 - 10 7s, Miss. O. & R.R..... ... 7s, .Ark. Central RR. . . . . . . . 6 - 7 0 i~~m~~~7!, ~~~~~~si;~~: m¼:½8~¼ Rtamped, 4s........ . . . . . . . . ~3 - 97½ ::. 1 Mi~h~~~~~~.nfJ90 :.: 1 Mlss o uri-6s. 1889-1890 .. . .. . 100 -100 Asylum and Univ., 1892 . . . 101 -102 l!' unding bo nds , 1894-95... llu -110 r.ew Yo rk-6s , loan.1892 .. . 105 -109 6•s,·oici/8li:; 1g~ :1~ 1 . . . . . . . . . 35 - 87 6s, old, A.& 0 .N.Car. RR., 1883-4-5 ... . .. . 180 -lt;0 N.Car.RR.,sevencoup•soff 150 -150 . . . 180 -lr-0 N.Car. RR., A. & 0 8 1 1 l0i -107½ 107 -107!},( 107 -108 107 -lO'i¼ 110 -lli 110 -111 lU~ -102¼ l0U -102:J.( . . . . - ..... . .. - .... 10 - 13½ 10 - 10 - . . ... . .. - ... . 5 - 10 9 - 9 5 - 10 9 - !J 5 - 10 \I - 9 5 - 10 9 - 9 5 - 7 5 - 7 4 tgg¾:½&g¾ P6½- 97½ 1!5 - 911¾ 1~~¼ 18~¼:18i 1 100 -100 100 -100 102 -102 102 -102 110 -110 110 -110 109 -110 109 -109½ 1rs :1§g 1gg :1gg½ 35 - 35 35 - 35 200 -200 . . .. - .... 150 -150 .... - ... . 200 -200 .. .. - .. .. 1 1 {g~¾:½8f 8g : gg 8f : N~~·d~:~- ~l~ ~~':[i~Rac1~i~~~~ 98 ~.~ ~~~d~~~ ~;:/~~~rs~2:lis g::;,~~::idii-G-:.~?: :·: : ::: · Special t a x, clas 1......... Special tax, class 2. . ..•.. . . Specht! tax, ritilroad issues Consol.,<!~, 1910 . . . . . ... . Sm :,11 bonds . ·........... . 6s, 1919.. . . .. .. .. .. . •. . . . . . Rhode 1sland-6s. cp., '!J3-94 South l'11rolina.-6s,act Min. 23, 1889, non-fund., 1888. 2g - 2g 8¼- 10 - ... . 7¼- 10 96 - 96 94 - 96 124 -124 104 -lOtS½ 4 ~- 5½ 67 ·· 67 67 - 67 77 - 77 105 -107 101¼-10:.! D}~~sC~l~:b~~~·,i924 _Fundinp:5s,1899 ... ... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rng¼:½8~ ½81¾:m fl4 90 8~: 8f~ioo ioo -toi"° io·i 2g f\ 6 6 96 94 124 2g .... : :::: : - 6 - 6 - 6¼ - 90½ - 95 -125 106 -lO!J .. 8 - 6 8 - 4 4. - 4 95½- 96 98 - Q5 123 -124½ 109¼;-112 22 : 2g 4 - 6 4 - 6 4¼ 4 95¾- 97½ IJ4 - 94 12::l½-1 24 l Off -112 102 110 109 1~ 35 .... .... .... .. 4 : .f .. . 4.1/4: .f. 2~ : 2~ 5½- 6 5¾- 5½ 5 - 6 5¼- 5½ 5 - 6 .. . , - ... . 5¼- 5½ 5 - 6 fhJ -100 •~ - gQ° · 9i%- 911 97 -100 97 - 97 PJ. - 96 124 - 125 h!4.½ -125 125 -127¾ Ll2 -112 l09 -112 IOll -109 8 - R¾ :~¼- 4!4 4 - 41}.! 1g~ :1g~ 1gJ :1g~ 1~~:1~~½ 611~- 70 67 - 67 67 - 67 6A¾- 70 67 - 67 67 - 67 Su - SL 77 - 80 78 - 78 107¾-108 108 -108¾ 10>-j -109 101 -103½ 102¾-108½ 102¼-108;14 :~~ :~:~~~~ . ~¼: 7~ .:~.": :~••• . ... - . .. . .. .. - . .. . .. .• - . ... ... . - . .. . . . . - ... .. ... - .......• - ... . .... - . . . . - . . . . . .. - . .. . .... - ........ - .... - ........ - .... ... - ........ - . ... 3 - 8¼ 1g* :lg~½ 67 - 67 67 - 67 67 - 67 f\7 - 67 78 - 78¼ 77 - 77 107 -108~ 109 -109 102 -102¼ 101¼-102 3 - 4½ .:~::~.:.~!,IE::~... ,~:iriia~:fl~~fJ1~:.~~'..~.~~~: 6s, new bonds, 1866 . . . . . . 6s, new bonds, 1867. ... . . . ... 6s, consol. bonds....... . .. . 6s, ex-matured eoupons .....• 6s,consol.,2-dseries ...... . .... ~~fr~::i~t~?g~~::::::::: 105 -105¾ 105 -107 110 -110 101 -101 105¾-105¾ 10 - 10 125 -125 6 - 6 I\ - 6 6 - 6 6 - 6 6 t1 l&~¾J~¾ 91 - 98½ - 94 811 : SU : 91 -l0i .. -103 102 -103 -110 110 -110 -1011 109 -109½ Y¼ :1gg 1g~ :l~ 85 - 35 - 85 - . ... 200 -200 . ... 160 -lfl0 - .... 200 -200 1 1 107 -107¼ 107 -108 J l0 -111 102 -102¾ t07:l(-to7¾ 10 - 12 12:i -125 5 - 5 5 - 5 5 - 5 5 - 5 5 - 5 103 -105 103 -104 103 -104 103 103 -l0il 108 -105 103½-105 108 108 -110 108 -108 106 -107 l0tS 100 -101 .... - . ... .. - .... . ... 105:1(-105¾ 105¾-l.05½ 105¾-10:i¾ .... 10 10 - 10 10 - 10 10 - 10 135 -135 l<$5 -145 145 -lf>O 150 4 7 - 8 6 - 10 6 - 6 4 7 - s 6 - 10 6 - 6 4 7 - 8 6 - 10 6 - 6 4 7 - 8 6 - 10 tS - 6 4 5 - 7 6 - 10 6 - 6 i05 l~½:}~ 88 - 911% 90 85 - 88 88½- 89 llO 86 : 9u 86 : 87 83 : 87 -100·· 103 -10:i· · .. .. -100 .. 102 -102 102 -103 108 -103 ioi 110 -no 110 -110 110 -110 110 109 -109 109 -109 109 -109 108 1gg :1~ ~~ 1gg :1gg 80 - 35 .... 85 - 85 35 - 85 ...• - .... . ... - ........ - .. .. .... - ... . .... - . . ..... - ...... .. .. . . .. - . . ...... - ... . . .. . - ....... . mi :m¾ igg :½gg ioo ioo igg :it -103¾ 108 -10:»i -104 lQS¾-104 -107 105 -106 - .... 100 -100 - .... 100 -10 5 - 8 - 10 -150 150 -150 4 - 4. - 5 8 - 4 - 5 3 - 4 - 5 3 - 4 - 5 - 4 3 5 :10:f• io5 :105" - 94¼ 92 - 93 : ~~ ... ~~ : 89 - 103 .. io·i -103 .. -110 107 -110 -101} 105 -108 :1~~ . . ~~ :108 - ... . .... - . . ...... - ........ - . . ...... - 0" i8 : f8 i8 : r8 :::: : :::· i8 : r8 :::: : :::: ::·· : ·::: ti : f8 :::: : :::: ·io =io .. ·10 : io·· ·io : io. ·i°o : io" ½8 : ~g ½8 : ½8 :::: : :::: ~8 : ½g 20 : 20 .. :::: : :::: ~g : ½8 :::: : :::: ½8 : ~8 ig : ½8 ½8 : ½8 ½& : ~ :.e1gi½~:1~~½ 1gj¼:l~ T!1ri~:;;e~~.\>l6£:i388:2 6s, new bds., 1892.'{?8-lO0u. 6s, new series. 1914 . .. . . . . . Compromise 3-4-5-6s, 1912 New Settlement, 6s, 1918. New Settlement, 5s, 1918. 106¼-107¼ 10~-107 l0o½-107¼ 1~-107 10\1 -110 no -110 102 -108¼ 102¾-102¾ 107¼-lO'i¾ 107~-107¾ 10 - 1~ 10 - 10 125 -180 125 -130 5 - 5 4 - 5 5 - 5 4 - 5 5 - 5 4 - 5 5 - 5 4 - 5 5 - 5 4 - 4 1gg¾j~¾ 95½- 95% H4 - 95½ 90 : 92 1 1 -100·· 100 -101\ 102 -102 102 - 102 110 -110 llu -110 l0Q -l0ll 109 -109 1gg :ig~ 1gg :1~ 35 - 35 35 - 85 200 -200 .... - ... . 150 -150 . ... - ... . 200 -200 .. ... - . . .. 1 1 - ... . . .. • - ........ . ....... - ........ - ........ g: ~ - g: .... .... .. . . . .. . . ...... 6 7½ ~½: 4½- 4'¼ ~8¾:l~g 70 - 70 70 - 70 ~o - 81 106 -106 103 -108 - ........ - ........ - ........ - .... ··5 : ·7~ ~= ~ g: zl-9 ~= 1~¾ .. 5. : ·ir· 5¼- 6 5¼- 6 5½ 6 96¾: 97 !l5 - ll5 125¼-127½ 109 -109 4 : ~ 4¾ ~1 - 50 - r5 - 50 -fi0 1~%: 8½- ~~ .... .... .. .... - 'fi_¾: l1 5 t - 51 . . . . 51 - 51 . . 60 • 60 48 .... 48 . ... 50 ·50 18t g - 18 g - z i.24 :125· · ii>.i·~:12f. i2·i~=1~iij i2°i½:12iij fai~12iij fai½:12i¾ 12·i¼:I2i~ .... : :::: .~.~ : • 109 -109 108 -101 101! -10\1 .... - •....•.• - .... 1 4 : ~~ 67 - ?l 71 - 7l 67 - 71 71 - 71 77 - 81 81 - 81 105 -105 105 -100 •... - ... . 99 -100 :~ .. 1i50½~- ~50½ .?~: . •. . - ••. . 50 65 50 50 2g 2g = 5 - 5¼ 5 - 5½ 5½ 5 97¼: 9-1 95 - 117 126 -127 108 -109 2g : 2g 4 - 5 4 - 5 5 4 97 : 9~ 96 - 90 122 -12a 109 -109 8¾- 4 =1~ 67 - 67 67 - 67 77 - 77 104 -106 12,J, L-:l~l ~~ 2g : 2g : 2g 3 4 - 5 .. : . - ........ - 2g 4 ·97 : 98 .. ·g·fi¼: gf• 95 - 95 120 -121 108 -108 8 8¼ ii : ~ 95 - 95 118 -120 105 -108 8 - 83,C ~~¼= g~~ 62¼- 62~~ 62½- 62~ 70 - 72~ 100 -102½ 65 - 65 65 - 65 75 - 75 102¼-104 ~~ : .. . 70 70 f>O~ 5U .... - .... ....71&- " ~ 50 - 5,1 . . .. - . . . . . . . . 50 - 50 . ... - . . . . .. 60 - 60 .... - ........ . . - ........ 47 - 47 - . ... : • .. 50 -50 .. ~ ~ .. :::: : ~ij g~1..1: 8 7¾ : :::: .~ : - ••.. ..• - ........ - .. . ..... - ••.. .... 8 7 8 S5' 1~~ :1;~ 8½ 6 . ••. 107 7~ -1n1 STATE SECURITIES. 66 1891 to 1896, inclusive. [For these and succeeding years, range is based on actual sales at the New York Stock Exchange.' 1892. 1891. DESCRIPTION. Lowest. Alabama-Class A. 4 to 5.1906 Class A. small ........... 1906 Class B, os ............... 1906 Class C, 4s ............... lll06 Highest. 100 Sept 102 Aug. 106!)4 July .... .. 9 ~ 7s, L. R. & lt't. S. issue....... 6 .Sept 7s, L. R. P. B. & N. o........ 4¼ Sept 7s, Miss. o. & Red River.... . 7e, Memphis & L. R. . ........ .. .. .. • . . . . . teir; ..J11~::i~~!1f«ffltrci:;,:~.:~ Lowest. 104 Feb. 102 Aug 108¼ Mar. . . . . . . . .. . . 9 1893. Highest. 100 Sept ... ... 104 Feb. 94 Feb. 9 ~¼fltv. 6 Sept 9 Aug. 4¼ Sept 5¼ Aug. 6 Aug. 10 Aug. 105 June . ........... 107¼ June g7 Au~. 9 8 Highest. Lowest. 95 Sept 102¾ Dec. 100 Nov. 90¼ Oct. 103¼ Apr. 102¾ Dec. 106½ Jan. 94¾ Juue 97¼ Feb. .... 98 Jan. 93¾ Jau. 9 ~ ~~r . . . . .. . .. . . . 6 June 7 June .. • .. .. . . . . . ------- i~t~. ~g ~¼~!~ 1894. Lowest. ~~¥~ ~i¼ggr 22 Oct. 6 Dec. 6 Dec. 20 Oct. 8 Sept 17 Jan. 21½ 1 •ct. 10 Oct. 12 Oct. 10¼ Sept . . . . . . . . . . . . . .. . . . . . . . lb95, HiAhest. Lowest. Highest. 1896. Lowest. llighest. -------------------- 104¾ Dec. 108¼ Jan. lOQ¼ Oct. l0lxi Nov. 109 Jan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...•....... 104 sept 108¼ Sept 110¼ Dec. 100 Aug. 100 Aug. 93¾ Jan. 100¼ Sept 101¼ Dec. 93¾ Oct. 100 Apr• 9 1 g¼i,~i~ :::::::::::: :::·::::::: : . . . . . . . . . . . . .................... . . . ........ ; .......•••••..• 12 Mar. 8 June 9 June ....... . ............... . 11 Mar. ............ ........ . ............... . .... . . ............................................ . .......... . ,¼~f; ~ti~~ n[~;ii~?~~~~~f~~~~ liLttf~ t!f~i~f~ i~;~;;:: i :;;:~. );!!):::)~!!~)~!~:!!!~!~:;;~~):~~::::: :~: i i ~~~: ~;;)~;): );~;!:! !~ :~~!~~~~~~;~ Louisiana-Consol. 4s.. ... .. . . 85 July 93¼ Feb. 8-i¾ Apr. 98 Dec. 92 Sept 98 Jan. 95 Jan. 97¼ June . . . . . . . . . . . . . .•••• . . . . .... . . . . •.. .. .. 2i~:gu::~~~eci:::::::::: - ~~ M.~~ .~:... ~~... ::::::::···· ::::.::.:::: ::: :: :::::: : ::::'.::::::: .ifr .. June .97 .. June :::::::::::: ····:: .. :::• :: .. ::::::·· :::::::::::: Newconsol.4s .................................................................................... 97 June 97 June 92¼.Mar. lOO¼Dec. 90¼Sept 99~.Feb. Missouri-Funding bonds.. .. . ....... .... . .... .. 106 Nov. 105 Nov. ...... . . .... ..... .. .... ............ ............ ........... ............ . ............. . ...... .. New York City and County12 12 N~~ca:~lt;~~tCb~t~:~sii~.~~ 3½Sept ··~-¼Oct: :::::::::::: :::::::::::: :::::::::::· ·::::::::::. :::::::::::: :::::::::::: :::::::::::: :::::::::::. West. No. Car. RR., 6s....... 4 Mar. 6¼ Au11:. ...... ..... ............ ........... .... ••••... .... ... . ............ . ....... ........... . ..................... . l¾J:~: AtJ:~: .. ·!?lci:rr:lei~~::1s~;~~:: . ~~~?... ~ };~.:_: ~:?~~·: :?4~~~~:: :::::::::::: :::::::::::: : ~: ~~~: ::~~~~~~ :::::::::::: :::::::::::: ::::~rii~..... Special tax, Class 1........... .. . . . . . . . . . . ... .. ... . . . . 4 Dec. Dec. . . . . . . . . . . . . . . . . .. . .• . . . . . .. . • .. .. . . . . . . . . . . . . ¼ Dec. ¼ Dec. l¾ June l'.¼ .Apr. ~·D:: Class 2.......... . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . c~~!~f. 84s:::::~·.:::::::::iiiio :t::: 10r 4 3¼ Aug. Aug. . . .. . . .. . . .. . •. . . .. . . 3¼ Apr. 3½ Apr...... . ............... ... ..................... . io2 ··May 1os .. i02··Jaii: ~~ ·91 .. Jaii: ioo~f.iug: ·9¥"°Nov. ioo··A·pr: ioo··oci:· Aug: ioo"°?fov: ioii¾Juiie I~~- ':l~r Sept Y;!·. Oct:· 12C 1 s:.t~~~~fn!~~~~,!iici:°6s::: ··2~Nov: .. s.. nec. ~iji~~. 1i¼ggt: .. i.¼ iiiiie ··2¼J'aii." ··1½Jan·: ··2'.iii>ec. "'.Cnec: .. 2.. iiar: ·T·::ian·: "i.¼M°air fo:1'B',n4¾~~?!:.~~::::::::io3s .~.~ .. ?~~: .~~~.°?.~.~·- -~~~.~~~- .~~~~~:. :::::::::::: :::::::::::: ·go¼A.pr: io¥¾Dec: l08 Nov: ios .. Nov: :::::::: .... :::::::::::: Tennessee9g 6ss.~~~~·:::::::::::::::::: 1~l¼ 1~~ 1~i t~bi l~r¼ ,:~: iis .. i21 .. ii"ar: fai~{May· iii(% Aug: 1~ l~~ ~~. iiii .. Apr~ New6s . . .. ..... ... ...... ...... . .................... 108x(Oct. 108¼ Oct. ....•...•... ............ ... ....... . ........ .. . ................... ; ............... .. ......... . :½8½8 00 New settlement 6s ...... 1913 101 1 May 106¼ Dec. 101¼ Aug. 107¼ Apr. 100 Sept 107 Oct. 108 Jan. 107 New settlement 3s .•.•.. lllla 67 Small.... . ............... 66 July 71% Dec. Nov, 70¾Feb. Aug. 76¾ Mar. 72¼ Jan. Feb. 74 Mar. 7a¼ M.11r Jan. .. .......... . . . ........ . ................... .. N~!1~tiiement.5s::·.:::iois 8t M~r ½8~¼,~e 18~¼:ta~· ½S!~dullfe .ifr .. Sep·t ·91 .. Sept i<ii .. Apr. io~··Apr: .:::::::::: :::::::::::. :::::::::::: :::::::~·· Small.... . . . . . . . •. . . . .. 101 Feb. 102 Dec. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . .. • . . . . . . . . . . . . .. . . .. • • .. • .......... . ~~WE~~i~: ~4;~-~ 68 Jan. 67¼Jan. 79¼ Aug. 64 76 Aug. 71 •• ~ug, .:.~ .. ~~~·- .:~ . F~~· 9¼ Jan. 7¼ Oct. 9)4 Jan. s~~~~ ··s¼Mar ... 9~(Feb: Trustreceipts stamped .•... 6 July 9 Jan. 6~Dec. 8¾Jan. . Funded debt, 2-3s... ... .. .. . . . . . . . . . . ........................... "" ..... Registered................. . . . . . . . . . . . ........... 8 :::~~~ 2 Virginia-6s, deferred bonds.. .:~ .. A~~· : 8 4 June ~%~f~~ceipia:::::::::::::::: l¼f:~. Aug. 88½ Feb. Feb. 81 Feb. 82 Jan. 78¼Jan. 91!'( July 74 85 Nov. 81 ·;75"July ··75 ...jiiij :::::::::::: :::::::::::: .:~ .. ~~~... :~ .. ~~~·. fo5 .. ioii" .Juiy :::::::::::: ·::::::::::: :::::::::::: :::::::::::: . . . . . . . . . . . . . . .. . . . . . . . . . . . . . ............... ....... ...................... . ··4 ··:1uiie .. 4° .. Juiie 5 ··Jan ... S½Apr................................................ . 5 May 7 Jan. 6 Jan. 61311,(DDeecc.. }8>~DFeebc.•· .64is~fsJ·ae·np··.t· ..5f.AJuu·igy. ··a™2 ....ANop·!.: 51¾ Sept 67¾ Dec. 65¼ Jan. 74 .,-4 7K " ,2~ ., . .. .. . .. . 62¼ July 62¼ Julv ...................... .. Dec: ... :::: .~~ !~~ieiiergei=s;;:::::::::::: ...... .. 84¼ Dec. 77 Sept . ~~~: ..~~ .. ~~n. ........ .. .. ... . 1896 to 1901, inclusive. [For t)lese and suoceedin 5 years, range is based on actual sales at the New York Stock Exchange.] 1896. DESCRIPTION. Alabama-Class A, 4 to 5.1906 Class A, small ........... 1906 Class B, 5s ............... 1906 Class C, 4s . ... . .• ........ 11,06 Currency fundln~ 4s .... 1920 A.rkan!las-6s, •· Ho ford ". . . . . Dist_. qf Col.-cp. a·tJ6s .... 1924 Loms1ana-New consol. 4s . .. Consol ..4s, small............. No.Carolma-ConsoL4s .. rn10 6s ..._. ......... . ....... 1919 1897. Lowest. Highest. Lowest. Ilighest. 101½ Nov. . ....... .. . 100 Aug. 93¼ Oct. 94 Sept 3% May . . . . .. . . . . 90½ Sept . ... ... 102 Jan. 116 Oct. 109 Jan. ....... . . . 100 Aug. 100 Apr. 100½ Apr. 3% May . .. .. .. .. 99¼ Feb. .. . .. ..... 105¾.June 124 Apr. 105¼ July .. . ....... 1041(.luly 98½ Feb. ........... ............ . . . ........ . 93 Sept . ...... 103½ July 127 June 1898. Lowest. 108¼ Sept 108¼ Mar . .. . ..... .. 106 Aug. 107¾ June 105¼ Aug. 100 Apr. 98 Aug. . . .• . . . .... . . . . .•. . . . . ... . . ... . .. .. .. .... . . .•. .. . 115 June 100¼ Nov. 100 May . . . .. . 98 Mar . 105½June 101 Jan. 127 June 128 Feb. Highest. 1899. Lowest. '1900. Highest. Lowest. 109 May 107 Oct. 118 June 108 Mar . .......... . ........... 108 Sept ....................... 104 Dec. .. ..••••... . ...••••.... . . . . . . ... . . . . .• ....... . . . • ........ . . . . . . . . . . . . . . . . .. • • .. . • • •.. • .. • . . 118 Dec............. . .......... 106¼ Nov. 108~ J·an. 110 .Apr. 100¼ Mar. 109½ Feb. 109¼ Feb. 104 Nov. 108 A1)r. 108 Apr. 128 Feb. . . . ......... . ....... . .. Highest. 108¼ Jan. 116¼ Mar. .... . . 109)4Oct.' i09¼0<£ 102 Jan. 102¾ Sept . .. .. . . . . . . . . . . ........ . . . . .. . . • . . . . . . •• .. . . . .. 121 At>r. 121 Apr. 106¼ July 108 .Aug. . . .. .... . ............ 105 Oct. 106¾May . .•••.•...........••• . 1901, Lowest. 108 Highest. Aug. 109¼ Apr. :::::::::::: :::::::::::: 102 Feb. 103¼ Mar. 109 Aug. 109 Auir. .. ................... . 126 Apr. 126 July 106½ Aug. 109 Apr. . ........ . ....... . 105 Feb. 106¾ Nov. 13:S Mar. 186¼ .Mar. :~fJ::[iJ~i -~ll;::• -~5~} ii)ii ::::i:i::: ::i:::::::: ii!iii: r::::ii '.:)ii::: ~L~: i ~::~;: i)::::::: ::::::/\ New settlement 3s ...... l9rn 74 Small. . . . . .. .... .. .. . 81 Virginia-Funded d ebt. 2-3s. . 55 6s,deferredtr.rec.stamped. 4 Aug. 88¼ Feb. 76 A pr. 92¼ Dec. 87 May 98 Dec. 94 Dec. 99 June 93¾ Sept 96¾ June 95 June 99¾ May Feb. 81 Feb. 72 Feb. 91½ Dec. 87 May 94½ Nov. 93¼ Nov. 95 Jan. 91 Jan. 96% June Q4½ Sept 96 Feb Auir. 62¼ Apr. 61 Jan. 70 Dec. 65 Apr. 83!,g Dec. 82¼Jan. 87:l( Sept 85 Jan. 96¾ Dec. 93½June 98¾ Nov. July 7¾Nov . 3½June 6¾Jan. 411iFeb. 9¼Aug. (>¾Dec. 9 Mar. 6 Dec. 10 Mar . 77,(J:i,:, 1Q!J4Mar. 1902. JANUARY FEBR'RY. SECURITIES. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BEB. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - - - - - - -1- - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - ,...Jabama-CI.A,4to5,1906106 -107 .... - ........ 107 -107 107 -107 - ........ - .... Class C, 4.. ... ....... rnoti .... - .... 102½-102½ 102½-102½ ... . Currency funding Js.192 11 • ••• - •••••••• - •••• 111 -111 : : : : 106 -106 .. .... - :::: ioii¾-10-f · T,ouisiana- ew con!lnl., <!~ 106¼-106¼ .... North Car,, JinaConsol., 4s. 1910.. .. . . . . . 104 -104½ ... Special tax bonds......... . . . . - . . .. . . .. Tennessee95¼- 96 95¾- 95¾ Q6 - 96¼ New settlement, 3s, 1913. Q5¾- 95¾ 95¾- 96¾ 95¼- 96 96¾- Q6½ .••• IJ4 - 94 95 - 95 Vlrgi~~-Fund. deb~~~~ : 00¾ ~ ·97 : 97½ :::: - :::: 95)4- 95¾ Q6 - . 97¾ . 96½- 96½ 96 - 96¼ 6s. deferred, Brown Bros. & Co., certificates....... 7¼- 'i1,4 8 - 9 8¼- 10}2 8½- 10 8½- 9~~ 8 - 8 9 - 9¼ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ·w¾: gg>4: 104¾-104¾ .... - ........ - ···· - :::: io6½-1ooij :::: - ........ - .... 104 -104 1¾- 1% 2 - · 2 Q6%- 96 95¾- 95¾ . . .. - • .. . Q5:l(.. - . .. 94½- 94¼ .. .. 96¼- 96¾ 96½- 98¼ .... 95¼ 9½- 12½ 11½- 15¾ 11 - 12¾ 11 - 12¼ RAILROAD PRICES TRAFFIC STOCKS AND PRICES. AND BONDS, 1898-1902. In the article on this and following pages we furnish a very full and comi-lete review of the course of eaTnings of United States railroads for the calendar year 1902, with the influences and conditions bearing on the same. As a preliminary, however, we present some general stattstlos to show the course of operations in the past. The following two tables have be~n prepared from Poor's Manual. Litterly the Inter-State Commerce Commission has begun to publish very extensive stati11tlcs regarding the railroads, but the record in this case does not as yet extend back very far and the complete report is ]ate in making Its appearance. The first of the two tabl£ s we give indicates the new construction each year and the total length of road at the end (December 31) of the year. The changes in total mileage from year to year, it will be observed, do not agree with the additions through new construction. This is due to the fact that the Manual finds it necesl!ary to ·make adjustments and corrections of past mileage and to the furt~r fact that some old mileage ta abandoned from time to time. There were on January 1., 1903, roughly, 204,000 miles in the country. The· second table shows the changes In stock, debt, earnings, etr., since 1879. It is proper to say that in this case the figures are not for the end of the calendar Jear, but to the end of the fiscal years of the respective companies. The results include the operations of the elevated roads in New York City and_ Brooklyn in some of the ea1lter but not in any of the more recent vears. R AILROAD CONSTRUCTION YEARLY A.i..~ TOTAL MILEAGE IN OPE RATION . Years. 1830 .... . . 1831. ..... 1832 ..•... 1833 ..••.. 1834 ...... 1835 ..•... 1836 ...... 1837 ...... 1838 ...... 1839 ...... 1840 ...... !841 ...... 1842 ...... 1843 ..... . 1844 ...... 1845 ...... 1846 ... . .. 1847 ...... 1848 ..... . Milesof \ Miles in New Road Operatio n Built. ,End of Yr . ·;.;2 134 151 253 465 175 224 416 389 516 717 491 159 192 256 297 668 398 23 l:15 229 380 633 1,098 1,273 1,497 1,913 2,302 2,818 3,535 4,026 4,185 4,377 4,633 4,930 5,598 5,~96 Miles of \ Miles in New Roa d ' Opera tion Built. End of Yr. Years. 1849 ... . 1850 ...... 1851. ... . . 1952 ...... 1853 ...... 1854 ... . .. 1855 ...•.. 1856 ...... 1857 ...... 1858 ...... 1859 .....• 1860 ...... 1861. ..... 1862 ...... 1863 ...... 1864 ...... 1865 ...... 18 66 ...... 18 67 ...... 1,369 1,656 1,961 1,926 2,45 2 1,360 1,654 3,642 2,487 2,465 1,821 1,846 651 8 34 1,05 0 738 1,17 7 1,716 2,449 ' GENERAL RAILROAD Y ears . Capital Stock, I Funded Debt. 7,3 65 9,021 10,982 12,908 15,360 16,720 18,374 2 2,016 24,503 26,968 28,78 9 30,826 31,286 32,120 33,170 33,908 35,085 36,801 39,250 Years. 1868 . ..•.. 1869 ...... 1870 ...... 1871 . ..•.. 1872 ...... 1873 ...... 1874 . ..... 1875 ... . .. 1876 ..••.. 1877 ...... 1878 . . . ... 1879 ...... 1880 ...... 1881. ..•.. 1882 ...... 1883 ...... 1884 ...... 1885 ...... 1886 ...... Miles of I Miles in New Roa d Operation End of Yr. Built. 2,979 4 ,615 6,070 7,379 5,878 4,097 2,117 1,711 2,712 2,280 2,629 4,746 6,876 9 ,778 11,599 6,818 3,97~ 3,131 8 ,1 28 STATISTICS FOR THE Unfunded D ebt. 42,229 46,844 52,922 60,293 66,171 70,268 7~,385 74,096 76,808 79,082 81,747 86,556 93,262 103,108 114,677 121,422 125,345 128,320 136,338 I -1887 - ...... -- -12,983 -· 7,066 5,695 5,656 4,620 4,584 2,789 2,264 1,938 2,067 :l,161 3,19~ 4,512 4,157 4, 90 8 6,000 149,214 156,114 161 ,276 166,654 170,729 175,170 177,516 179,4 15 181,065 1 82,769 184,591 1~6,810 190,818 19!,33 4 198,787 2q1,ooo Inter est on Bonds.t Dividends P aid. 1888 ...... 1889 ...... 1890 ...... 18 91. ..... 1892 ....•. 1893 ...... 1894 ...... 1895 .. . ... 1896 ...... 1897 .•.•. . 189R ..... 1899 .•... 1900 ····· 1901 .. 1902 (est. ) UNITED STATES. I Length IGross Trafflo o! Lme E a rnings. Opera ted Miles of Miles in New Road Operation Built. End of Yr. Ye ar s . I Net Traffic E arnings. t - - - -·- Miles. $ $ $ $ $ $ 82,146 613,733,610 255,557,55 5 107,866,328 77,115,371 1880 ...................... . ... 2,708 ,673,375 2,530,8 74,943 16 2,48 9,939 222,766,267 92,971 701,78 0,982 272,406,787 3,177,375,179 2,878,423,606 1881 ........... .. ............. 128,587,302 93,344,190 1882 . .................... . .. 3 ,511,035,824 3,235,543,323 270,170,962 104,971 770,209,899 280,316,696 154,295,380 102,031,434 1883 .......................... 3,708,060,583 3,500,879,914 268,925,285 110,414 823,772,924 298,367,285 173,139,064 102,052,548 1884 ..................•• . ..... 3,762,616,686 3,669,115,772 244,666,596 115,704 763,306,608 266,513,911 *167,286,139 93,203,835 1885 ............. . ..... . .. .. .. 3,817,697,832 3,765,727,066 259,108,281 123,320 765,3 lv,419 266,488,993 179,681,323 77,672,105 1886 .......................... 3,999,508,508 3,882,966,330 280,673,814 125,185 822,lUl,949 297,311,615 182,884,990 80,094,138 1887 .................... . ..... 4,191,562,029 4,186,943,116 294,682,071 137,028 931,385,154 331,135,676 196,081,610 90,013,458 1888 . .. . ..................... . 4,4 38,411,342 4,624,035,023 306,952,589 145,387 950,622,008 297,363,677 199,062,531 78,943,011 1889 .......................... 4,495,099,318 4,828,365.771 357,477,160 152,689 992,046,319 317,963,074 210,268,325 79,531,863 1890 .... .. .................... 4,590, 171,561 5,053,819,990 375,281,271 157,976 1,078,835,339 341,666,369 217,922,677 83,575,705 1891 .................... . ..... 4,':'51, 750,498 5,178,821,989 345,102,632 164,262 1:,125,534,815 350,807,370 222,652,3on 89,099,757 1892 ..••...•........... . ...... 4,863,119,073 5,405,049,969 285,455,287 170,607 1, 16!l,036,840 352,817,405 229,909,292 93,862,412 1893 ...•.. . •....... ·········· 5,021,576,551 5,510,225,528 409,909,043 173,361 1,207,106,026 358,648,918 237,677,728 94,295,815 1894 .......................... 5,027,604,717 5,605,775,764 382,927,834 176,220 1,066,943,358 317,757,399 234,702,912 83,478,669 5,181,373,599 ~,648,659,436 418,536,623 179,154 1,092,395,437 3~3,196,454 239,698,134 81,685,774 1895 •..•...•................. 1896 ......................... . 5,373,187,619 5,461,856,798 344,499,969 180,891 1,125,632,025 332,766,979 243,287,730 81,528,1541897 .......... . .............. . 5,602,964,449 5,534,432,492 380,689,705 181,874 1,132,866,626 :~42,792,030 234,454,578 83,680,040 1898 ............... . .......... G,581,522,858 5,635,363,594 368,182,584 184,532 1,249,558,724 389,666,474 237,133,099 94,937,526 1899 .......•.................. 5,742,181,181 5,644,858,027 305,777,858 186,590 1,336,096,379 423,941,689 208,957,209 88,076,393 1900 ......................... . 5,804,316,250 5,758,592,754 328,963,335 191,861 1,501,695,378 483,247,526 214,199,502 119,288,879 5,978,796,249 6,03;>,469,741 312,225,536 194,975 1,612,4413,826 520,294,727 215,191,176 132,162,935 1901 ................... . ... • Basis of computation seem s· to have been changed somewhat 'beginning with this year. f Net traffic earnings do not include income from investments; and interest on bonds does not include rental and other charges. RAILROAD GROSS EARNINGS FOR THE OALEND~R Y.EAR 1902. Another increase of notable proportions on top of of agricultural products as a result of the previous the marvelous increases of previous years, is the rec- season's extraordinary crop • shortage, and in the ord of railroad gross earnings for the calendar yeaT second place the anthracite coal-miners' s_trike proved which has recently closed. If the improvement made one of the most disturbing events of its kind of in the years preceding was such as to attract univer• which trade annals . furnish any record. This labor sal attention and furnish evidence of the wonderful co:dlict, as will be recalled, lasted from the 12th of Industrial prosperity which the United States has been May to the 23rd of October, and so diminished the enjoying for so long a time, the results for 1902 must supplyof fuel, both during its continuz1nce and for a be regarded as still more noteworthy in the same long time subsequently, as to constitute a serious imrespect, affording striking proof of the continuance pediment to industrial activity-many Industrial. J3S• of this marvelous era of industrial advancement. tablishments using anthracite suffered from a shortFor the fact should not be overlooked that the 1902 ened supply nearly the whole time and some actually gains were made In face of some ad verse con- were forced to close up for longer or shorter periods. dl tlons of wide inflnenoe and importance. In the As far as the crop deficiency was concerned, one not first place, there wai a great shrinkage ln the volume familiar with the facts, after seeing the tremendous https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 68 RAILROAD E.A.RNIXGS. further gains in earnings, might be inclined to think that a crop failure ls a matter of comparatively little moment. Au analysis of the traftj.c statistics of the different roads, however, will show that the efft:ct of the crop shortage was very pronounced, but was offset in ~hie instance by gains in other branches of business. The great favoring in:fl aence of the twelve months, as In the years immediately preceding, was the uninterrupted prosperity and activity of industrial Interests as a whole-a prosperity and activity ,so pronounced that even such Important drawbacks -as fuel scarcity and grain shortage could not hold the 1orward movement In check. Thie trade activity caused a further Increase in merchandise traffic and -in general freight and also a further increase in the volume of passenger buslneBS. The Iron and steel trades WAre prosperous almost beyond measure. As a consequence a great increase oo • curred in the shipments of ore and other raw materials and also a large expansion In the movements of the manufactured articles. F11rthermore, this and the activity of other industrial Interests brought a great Increase in the shipments of coal; we mean the ■hlp ments of bltumtnone coal, anthracite coal being a feature in industrial affairs only on the Atlimtic Coast. The situation as to the volume of tonnage was illustrated in the congestion of freight at P1ttsburg with which the Ptmnaylvanla 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 L-1ke Superior re~lon in the seaiion of 1902 amounted to 27,039,169 tons, as against only 20,167,622 tons in the season of 1901 and 18,670,316 tons Jn ~the season of 1900. H l)re was a gain of not far from 60 per cent in two years, which meant a very large increase in the traffic of the roads carry Ing the ore to the head of the lakes; again It meant a large expansion in traffic over the distrlbutlni roads moving the tonnage from the Lake Erle receiving ports · to the points of final destination at the furnaces. An Idea of the expan• alon in the coal tonnage is furnished In the case of the shipments over the Pannsylvanla Riilroad. This important system had its anthracite tonnage cut just about in two-that is the shipments were diminished, roughly, 2¼ million tons. On the other hand, Its bituminous coal tonnage was augmented 6½ mlllion tons and its coke tonnage 1¼million tons, so that altogether the system east of Plttsburah and Erie moved 6 mlllion 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 t!ie 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 191,999,218. 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 iollar■, or 6·41 per cent, the Increase in extent of road .-:,perated having been 2,764 miles, or l •64: per cent, as will be e~en bv the followin£?". Miles of Road End of Period. 01-oa, Ear ni ng,. 190!. 1901. • • I n cr ease. • 1903. 1901. - - -----· l~S roach twelve mos . 1,682, i SS,221 1,440,28',00S 91,999,1318 lGS,019 165,300 9,607,002 2,SU 886,609 13,S'7d 19 road1 eleven moa. 10,4.92,611 Grand tot. (14,. r'd1). 1,"'413,'115,832 1,4.49,SU,f"Of> e2,884,827 170,895 161,en https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ---- W d wish to direct attent.1on to t.ne magnitude of the totals here diaJlosed, the aggregate for 1902 running considerably in excesa o! 1,500 million dollars (11,642,725,832), aff1Jrding n 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 continuous gains of which trade annals furnish any record. For instance, it succeeds tl,3,017,801 gain reported by us for 1901, tl00, 916,767 gatn in 1900, *101,316,886 gain In 1899, t77,647, 719 gain in 1898 and $64,490,663 gain in 1897. We give herewith the figures back to 1894, when losses were as ■triking as gains are at present. Mataae. Year Given. 1e1n. l to Dtc 81, 189& (186 road1) . 1896 (195 roads) . 1896 (196 road1). 1897 lllll road1) . 1898 (190roada). 1899 (168 road1). 1000 (171 road1) 1901 (167 roads). 1902 (147 roads) . Earnings. Increase Year Year Year Precedmo . Given. Precedmo. ' ' Maes. -M4lu. -- 145,89'1 14.3,062 HB,916 161,980 167,801 166,968 157,{01 1711,879 170,393 14i,9U 14.2,689 14.'7,710 168,133 166.1196 163,585 162,122 170,54.9 167,1141 828,699,690 1137.SU,619 8&11,460,89? '19e,5U,78~ 879,621,0JP 8'77.tJOS,685 97(,,611,768 919,978,100 1,060,890,038 973,2&7.Slll ,.t~9i8,916 1,027,612.080 l.216,924,951 l,116,009 .1"1& ,(95,915,406 ,851,897,tl05 i,M'Z,725,88 2 J. U9,8U,005 or Dect-eaae. ' Dt 111,Hl,089 lnc.45,916,61' Inc. 2.818,39& rnc.u,,oo,663 lnc,'7?,64.7,719 In .101,816,888 ln 100,915,'161 ln.US.''17,801 lnc.92,884,8ff NoTE.-We no longer Include the Mexican roads 1n our totals, nor do we include the business of the coal companies, like the Lehigh Valley Ooal Company and the.:_Philadelphla & Reading Ooat ti Iron Com- pany. Onr figures in all these instances cover merely the roads from which we have found it possible to procure returns. The mlleage represented in 1902 ls, as we have seen, 170,395 miles. Taking 200,000 as, roughly, the mUeaJ;te of the entire railroad system of the country, It will be seen that 30,000 miles do not fi od representation in our compilation. By far the greater portion of the missing mileage is located in .New Eogland, where the roads do not furnish monthly returns. We should judge that for the whole United States the increase In groBB earnings in 1902 over 1901 must have been about 106 million dollars. 0 a a prevlou1 occasion we estimated the gain In 1901 at 165 million dollars; that for 1900 at 120 millions; that for 1899 at HO mllltons; that for 1898 at 90 millions, and that for 1897 at 75 million dollars. For the last six years, therefore, the aggregate Increase baa reached the enorm 1us figure of 685 million dollar,. In other words, the aggregate of groBB earnings of United States railroad• In 1902 was that much larger than the corresponding aggregate six years before, in 1S96. What such an addition of nearly 700 mUllon dollars means in the yearly groBB Income of the railroad system of the United States everybody is able to judge fo~ himself, and It ls unnecessary for u1 to enlarge upon the point. In one particular 1902 differed .from the years immediately preceding. The gains In gross receipts were largely ab1orbed by augmented expenses. We need hardly tell the reader that this did not follow !rom any rate war or cutting in rates. Rite 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 price■ for material, supplles, fuel, eto., and also of wages. It is proper to say that this last factor-higher wageswill count as a still more prominent factor In the affairs of 1903. Ia November the Pcmnsylva.nia Railroad management announced a voluntary advance in wages of 10 per cent In the case of all employee getting less than t2,,oo a year, and this step was quickly RAILROAD EAR:NINGS. followed by other rallroadd -throughout the country, that 1903 finds wages of railroad employee pretty ~enerally higher. It is to be added allo that the fact that the traffic offering was so greatly in excesa of the facilities for handling it did not permit dae economy in the movement ol the same, so that-operating cost was increased In that way also. The precise extent to which the large gains in gross earnings were offdet by augmented expenses it will not be possible to state until all the net earnings returns for D dOember have come in., which wlll not be for four or five weeks yet. The general trend is revealed In the case of the com pil :t• tlons previously presented for the months of October and November., which showed in each case an augment-atlon in expenses in excess of gains in gross receipts. As concerns the shrinkage in the grain tonnage., we would direct attention to the following taoh showing the receipts of grain at the seaboard. It wlll be observed that the corn receipts for tb.e 62 weeks ending December 27 were only a little over 26 millions In 1902, as against 106 mlllions ln)901 and nearlJ 202 millions in 1899. There were losses., too., in nearly all the other cereala., so that the aggregate receipts of wheat., corn., oats, barley and rye for 1902 reachEd not quite 221 million bushels, against 843 millions in 1901, 380 millions in 1900 and over 430 million bushtils in 1899. In other words., ae compared with three years before the lose wae almost 210 million bushel:!. 10 GRAIN AND FLOUA RECEIPTS AT SEABOARD, 1902. Flour ...... bbls. 21,688,882 1901. 22,528,524. ------Wheat ..... bush .133,619,095 157,220,962 Corn. . ..... " Oat.a .....•. " Barley.... " Bye........ " 1900. 21,'306,668 1899. 21,683,859 100,770,154. 11 3,272,391 26,391,620 105,497,1-19 188,900,191 201,848,307 51,225,298 71,205,793 76,858,514 92,964,111 4.,020,941 5,329,527 10,503,076 14, ~93,674 5,680,167 3,682,418 · 2,823,246 5,780,586 Total gratn ... . 220,937,121 342,935,849 379,855,181 430,4.59,069 At the Western primary markets t.he situation was much the same, except that the loss was not quite so atriking. For the 52 week~ the aggregate of the wheat, corn, oats., barley and rye deliveries at these Western markets was only 578,721,4:U b11shels, as against 642,'142)122 basµels in 1901., 661.,17B,841 bushels in 1900, 685,846,624 bushels in 1899 and 693,447.,395 bushels in 1898. The wheat receipts were almost up to those of the preceding year, but in corn there was a heavy contraction., with losses in some of the other cereals. · The extent of the falling off in the West ls perhaps best Indicated by taking the movement to Chicago. At that point we have the results for the even year., and the result ls an aggregate for 1902 of 185,498,184 bushels., as against 245,4:4:0.,273 bushels in 1901., 264:,49,,886 bushels) In 1900 and 293,153,516 bushels in 1899. The contraction in the grain movement was not the only loss in tonnage that followed as the result of the deficient harvests of 1901. O.aly 8,396,261 head of hogs were brought into Chicago in 1902., as against 8,903,223 In 1901. Taking the live-stock move• ment 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 stock-yards the showing was much the sa_me as at Ohicago, deliveries being 117., 730 carloads., against 134,958 oar-loads. The cotton movement at the South as measured by the receipts at the Southern outports did not https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69 greatly vary 1n the two years, though some of the separate port,, notably G3ilveston, antlered soma contraction. The Southern port receipts were 7,383,966 bales In 1902 and '1,311,240 bales in 1901. The ship• ments overland were 1,674:,026 bales in 1902, against 1,689,104 bales In 1901., 1,737,903 bales in 1900 and 2,060,671 bales in 1899. It is a noteworthy fact that the improvement In earnings continued through all the months of the year. Ia Ftibruary and Much, and particuhrly In the first-mentioned month., exceedingiy bad weather wae encountered-the worst In years-and as a conse• quence the gtilns In earnings were greatly reduced; still they were not altogether wiped out. D 11rlng the period of the strike the anthracite coal roads su1tained very heavy decreases, and some of the other Eistern roads at this time also suffered by reason of the fact that comparison was with the Pd.n-American Exposition in 1901. Our Industries., however., remained in a state of 6 reat activity, and in some of the closing months also the grain movement made an improved comparison with 1901. H ence no interruption to the monthly increases occurred. In fact the ra"tic of gain in earnings for Dacember was the best of any month of. the year, with the single exception of that for AprU. It remains to b& said that, besides the strike at the anthracite mines, the roads in Virginia and West Virginia suffdred from a strike of the bituminous miners; this, though., while severely reducing the earnings of the Cheaapeake & Ohio., had oo visible etlc:ict on the Norfolk & Western-which., indeed, ga\ned heavily as a result of the contraction of the shipments over the Chesapeake & Ohio. Below we show the totals for each month of the year. Mtuaae. Period. 1902. Gross Earn1nas. 1901. Milu. January (91 roads).. 95,656 l!'ebr'a.ry (92 roads). 9i,9H lrlarch (8• roa ds)-·. 92,0U April (88 roa ds) ... . .. 95,147 May (8l roads) .. .. . . . 91,868 1 une ("l roads)_ .... 86,56' J uly (71/roads) ..... 94,711! August (76 roads). 90,102 Bept' ber <72 roads). 89,68J Ootober (i8 roads) 91,531 Novemher (7l r'ds) 90,106 December (80 r'ds) 100,688 - -1902. Miles. $ 9&,011 93,~6~ 90,-18! 93,696 90, ~62 68,998 92,947 88,6!0 8"!,083 89,6ll 88,'?51 98,801 57,169,120 50,801,691 58.9! 7,913 57,818,566 64,1Jf2,317 60.2:$8,278 Gl,197,818 58,887,909 61.651,626 69.104.!!32 62,023,08'7 70,769,049 1901. $ 63,li6,110 18,fOt,740 50,750,067 52,093,060 60,823,090 46,1182,291! 66,8&9,967 66,213,7li 66,278,218 64,760,432 67,983,960 Cl4,<ll6,412 Increase. P.O. $ f,018,010 1,896,951 8,\97,856 6,7{9,IS05 4,619,227 8,856.98l f,StT,881 2,674,196 6,876,(13 4,841,400 4,089,831 6.852,687 7·61 S-91 6·80 11·08 9'18 7•16 7"6~ ,·76 9"66 6"71 6"97 9'86 In the case of the separate roads, the Ptmnsylvania, as would naturally be expected., leads all others in the amount of gain., its improvement for the twelve months being tl7,418,900. This covera · merely the lines directly operated east and west of Pittsburgh. The lines controlled are not included. With these added on, the amount of the improvement for the 12 months would be still luger. The Great Northern comes next for amount of gain, having added $6,350,367 to its previous year's total. The Northern P 4Cific, Canadian P~clfic and Burlington & Q1lincy follow Immediately behind. Ia fact the gains were large and general in all parts of the country. We farnlsh below a list showing all changes., whether Increases or decreases., exceeding 1100,000 in amount. I t will be noticed that the decreases are limited to the few anthracite coal roads, eupplem3nted by those systems which eu:ff dred most seriously from the corn-crop shortage. PBI1'CIPA.L CHilGE8 m Increa•ee. Ft. W. & Denv. City. . Gulf & Ship Island.... OopperR&ngEI. . ... . ... LeXLngton & Eastern Total (representing 4roads)............ GROSS BARNING8 FOR 11 MONTHS, Decreaee•. $309,669 St. Jos.& Grand I sl'd .• 274,157 157,206 Total (representing 109,869 1 road)........... ---- $8 50,901 $196,829 $196,629 '70 RAILROAD EAR INGS. 12 MONTHS. .lncrea•e•• I ncrea•e•. PeDll8ylvantaRR.t .• $17,418,900 Mo. Kana. & ·rexa.e... $3'5,089 Great North'n ('l r'da) 6,360.35'7 Denver & Rio Grande 320,180 Northern Pa.oitto...... 6,\173.217 Chica.go & Alton...... SO7.678 Oanadtan Pa.oHlo...... 6,662,697 Georgia R.R..... .• . .•. 239,f'l5' Ohio. Burl.&Quinoy.. 6,196,515 Toledo & Ohio Cent... 223,245 Southern Pacitto Sys.. 3,72tS,283 Alabama Gt. Southern 2d,656 Baltimore & Ohio..... 3,712,882 w. Jersey& Seashore. 21r-,1OO Loutsvllle & Nashvfile 3,692,2flt, Terre H. & Ind'polts.. 207,S 12 Union PaoUlo... ••. • ••• 3,451,958 Bangor & Aroostook.. 201,30 l Southern Railway.... 3,324,1'>86 Duluth So. Sh. & Atl.. 192,l,83 Illinois Central........ 3,16,,196 Northern Central..... 189," 00 SOhlt.Lcaof:uols&&ESan. IllFin··. ( 2,870,408 Southern Indiana..... 1?9,248 S St Louts Van. & T. H. l '76,085 Norfo & Western.... 2,294.,203 Chic. Term'l Transfer l 7 ·, .98O N. Y, Central.......... 2,211,48'8 Ga. Southern & Fla... 163,1548 Gr, Trunk8y11. (Sr'de). 2,091,438 Hlchhran Oentrat. .•• 159,7 6 Ohio. &Nor. Western.. 2,049,3~4 Lake Erie&Western.. 157,U0 Ohio. MU. & St. Paul.. 2,O42,83'L Chicago June. R'ways 124,'163 .A.tlanttoCoa.st Line... 1,669,184 V1rgll11a & s . We11te1n 123,761 .A.toh.Top.&Santa Fe, 1,541,.4.tR San Fran. & No. Pao.. 123,528 Wabash................ 1,646.0f 3 EYane & Tt1rre H11.uw 123,354 Minn, St. P. & 8. Bt. M. 1,224,948 low a Central.......... 121,422 central of Georgia.... 1,038,9 · 2 ·rol. st. L. & West. .... 121,i173 Nash. Ohat. & St. L. •• 1,006,137 Buff'alo & Busquehan. 119.ni; Lake8hore&M1oh.So. 882,3~5 AtL Knoxv. & No..... 116,782 Mo. Pao1fto & Ir. Mt. i 101\.61 ::i 845 2 • 9 Hunt'ng & Bro•d Top Central Branch ... 5 ' · Minn. & St. Louis..... 103,719 Seaboard Air Line.... 7~ 8,182 Detroit Southern..... 100,423 Mobile & Ohio......... 788,410 -----Wisoonstn Central.... 776,431 Total (reprtit1tintOolorado & Southern. 774,919 lng 79 roa,.u-) .. $101,019,199 Pere Marquette....... 762,O7ij Ohlc.St.P.Mlnn,&O. 711,118 Decreaae ■ • Hooking Va.lley... ••. . . 6"6,658 Lehigh Valley ..••.••.. t13,9i8 .860 Kan. City Southern... 671,625 Centra.lofNewJereey 1,675,8i7 Wheeling & Lake Erie 663,57:'i Rea.dlngt .. . ··••••···• 1,363.917 Yazoo & Miss. Valley. 653,600 N. Y. Unt. & Western.. 806,858 Phil. Balt. & Wash.... 605,300 N Y, Sue & Western. 67l,6l~ Erie RR,............... 1568,828 Texas & Pa.cifl.c.. .• • •• ~64,063 Long Island............ 512,760 N. Y. Chica.go & St. L. 34!'1,975 Ala.N.O.&T. P.(Sr'de) 484,917 Chesapeake & Ohio... 259,697 C1n.N.Orl.&Texa.sP.. 476,ti95 Texas Central......... 125,297 8uffalo Rooh. & Pitts. 422,86~ Olev. Otn. Ohio. & St. L. 368,030 Total (representing Ohlo.Indplla&Louiev. 351,684. 9 roade) .......... $9,812,109 t These figures cover libee directly operated ea.et and west ot Pittsburg and Erie. The results for the Eastern lines show an increase of $11,333,500; and for the Western lines an increase of $6,085,40<'. t Thie is for the Philadelphia & R11adlog Railroad Company only; the !Coal & Iron Company ehowe a deoreaee of • 12,669,508. PRINCIPAL CBilGB8 IN GROSS KABNING8 Foa· To complete our anal_yais we annex the following six-year comparison of earnings for leading roads or aystems, arranged in groups. With the comparison carried back so far, results are exceedingly striking, making due allowance for the additions to length of road which have occurred in the interval. We may take for illustration merely two especially conspicuous cases. The Atchison Topeka & Sinta Ft3 in 1902 earned t59,953,878 gross; in 1897 this system's total was only t36,506, 769. The Great Northern earntd H0,205,622 In 1902, as against ,20,747,42-i ln 18~7. 111.illNINGB 0.1' IOUTBBBN GROUP. Year. 1902 . Alabama Gt. Bo. Cent. of Geor1,tia, Obe1ap. & Ohto. Oln.N.O. & Tex.P . Louin,& Nashv •. lloblle & Ohio .• Ruh.Chat.& Bt.L. Norfolk & West .d Southern Ry .. · Memphis Dlv. St.Louts Dlv.· Yazoo .t Mt1s. Val. 2,571',45" l',862,l!i6 15.6 ,l4,626 5,e11,100 ss,o: 9,0i4 ttl,961,818 •8,688,0ll ll:l,91~,718 1901. 1800. 11100. U:!98 ----- --- --- - -- --- i • ' 2,fM,802 7,828,VlH 16.i191,223 6,8S5,10t 20,886,810 t6,li8,408 •7,681,81'1 16,62t,516 ' 2,08tJ,U8 6,578,2 t, 1',400,74( 4,9!i6,6~1 27,471.71,, t6,014,550 •7.S90.46to 15,S~l,4H• ,(l,033,118 36,708,627 ss,,e5,211 -- • ' - --I 1,098.666 1,756,49:l 1,651,066 5,781,041- 5,617,764 6,428,547 12,619,tSo Ll,099,4111 ll,897.418 4,8d5,754 4,65~,984 3,6fi9,112 26,001,106 1!2,80",68' t0,8!53.2u5 t5,582,70~ +•,891.421 4.0U,706 •6,l~4,26~ 69H,1!07 6 460,D -7 12.s28.01n ll,404,47:' 10,!!1'2,2~8 0 l 29l7, 8t2 d5,460,97S 11~,6&0,illt 1,818,011 1,5dtl,la<J 1,464,678 6,996,fOS 6,862,'30!-< 5,500,16~ 6,159,712 - lt!97, ---- -- ,,821,807 s,gt8,46:! - - 147011661 183784~4 12S362iR3 112'\Sll070 1r04ors<:i~ qp 4l~ _r,54 Tota,. • lncludes Pa.d & "1emphls Oiv. tn these vears and for last stx mos. of ltl99. b Freight on material carried for company•• own use ts nu loni;cer creaned t• • earnin11:s, the item bavlnll been eliminated rrom both earnings and expense~ The 111,tures tor 1002, for lOOL and for the IMt halt of UIOU are 11:iven on this ba•18 EARNLNGS OF ANTHRACITE COAL GROUP. Ytaf'. 1102. HIOl. moo. 180 '· $ $ ' • lb07, - - - - -1-----1-----1- - - - ----• $ Cent. N. J. 16,107,• 61 16,7!:18,49 16.738 <'4~ l ◄ ,810,00 12,558,2U 12,66!,291 L.Val. RR.t *28,17t,514 *27,153,864 *28,0l9,1!82 *22,tl59,16I UP,7~2,588 *19,550,167 N.Y.O.& W. o,057,16· 6,864,02fl i,!=86.16 • f,8 -8.932 8,':,77,699 8,960,270 N.Y.S.& W. 2,124,8rn 2,796,40;2,£26,10· 2,607,8~1 2,328,S~l 2,267,613 Pb,& Readt 28,0ll0,050 20,473,076 27,187,8011 2!,749,87~ 22,00~,150 21,28l,t-66 Total •.• . . 78,664,282 E2,071,350 78,082,69~ 611,10 ~,82, 6 •,602,1.'231 59,nt1,H6 tTbese are the ea rnings of the railroad company only; results of coal-min:n11 1 o~e;a:!"~\!f; i~~l~~:~s ~r~':J inclusive. are for the twelve months to Nov. 30, and d o not include earnings or tile water lines or income from tnvestmen , s; for tile years UIUl and 190t results are tor the cal en car year end mg December 8 I, and a.re lnc,usive of results t or the water lines durin2: the first six months and lnclu111ve also of income from investments for the whole twelve months, fo~t 1tJ~\J1t~'l>. lll.A.JUOlfG8 OF TBUlfK Ll:ME8 . Year. 190). 1902. UIOO. 1899. 1898. ----~- ---·-·--- - - ·- ------- • ' * }56i70,~00 *f>8,05i,818 Bal.& O .. B.&o.s.w C C.C.&BtL Peo.&lllaat Erle •••••.. l.T.ofCan. Gr.T.We1t D.G.H.&M L.Sh.&M.S. M.C.&C.So. ...,.Y.C.&H+ Penn., east ofP.&E. ~11bash •... Total. 18.076.5'6 18,flOS,641\ 2,6U,,03 2,606,<.85 U,6t9,.S7 41,ogo,l'OD I 310f6i97 2~,96',051l SO 1'511,0CO 211,172,670 18,660,000 18,49(\'t74 71,94:1,962 69,788.174 • • • 45,818,tl<• s~.2ts.211 t2S374,080 7,116,00i 17,402,698 lll,6l2,8l 14,6S2,l>OI 2,,04.0i~ Z,082,l 7· 1,910,014 87,9i8,16· 36,800,iOll 82,808,010 10,525,039 l?l601l8iS1:7,546,'36• S,"63.73: S,6iO,SOS gu,us l,006,6M 26,461.',1>14 28,•13.9l · 20,75',688 lff,780,1:i 15,50l,062 1',046,U9 60,581,00. 52,162,04", 41,010,eo:3 i 1897. a 26,163,177 6,166,97. 1 8,848,681 J,760,Oll~· 88,187,071 1 9,'8<l,48i 8,083,197 9,i!,7156 20,197,722 1 3,697,2394 6,7.'lO,827 a1U668296 al01S2979~ 85,'5?5,9h 72,9 , 2,71' 1115,6)8 612 M,223,019 10,984,816 18,888,262 16,8~•.701 16,643.95.Q 18,793,50'7 1 1,206,200 ---- - ---- ---- --- ,ot,414,285 381,6'.ll.8i7 S86,197,82,_ 2~P,•1· 0,67~ t70,'ll5,287 262,038,725 *After July 1 in 1001 and 1902 lncludea Pittsburg & Western, &c. a Buffalo & Allegheny Valley Division included in 1902 and 1901. • Boston .t Alban.v Included in 1902, In 11/0l and from July 1, 1900, the Beech Creek RH.. and .ne W11lllrlll Valley RR. for all the years, 11nd the Fall Brook system a.fter May 1, 1899. IIIARNI:MG8 OF 8OUTBWE8TEBN GROUP, Ytar. - Atcb.T.&S.F. uvn.~R.~r.} ll.Gr.W •. Int.& Gt. No. 111.o. K. & Tu lto.P.&lr.Mt it. L. & B. Fr K.C F.S.&M. t".W,&R.Gr it.L.eouthw South'n Pac .. l'ei.11t1cl. Pao <'ota1 •... .. UI0l. U102. - -I ---,. - - bOO. •·-· 1899. 181i8. ---·-I I 18ll7. ---' 15{),{53 87E- 58,40t,462 ~9,9i7,Sl 48.289,3,1 39,875,970 86,1106,76~ 1103: 165 9,714,?2 8.7,0,388 7,651,123 17,168,! 01 16,848,' 21 4.709,28 8,887,604 8,i8tl,802 2,D7t,22l> 5,t84,0il 5,148.00!1 4,4 7,l15 4,177,7(2 8 ,990,201 8,65,,483 16,709,897 16,863,90• 13,t95,3('; 12,204,2 •'i ll.860,1!69 11,973,763 37,605.687 86,660.358 s~.~92,28 20 842,874 .8 0.2.'792 26,982,82~ 7,1'4,aO 6,983Jl97 8,t82,14'J' 22,51815 20 .7':4.007 16 622,097 6,338,' 50 4,81:!4,200 ,,914,22& 4i7,6S4 651,78ll •22,830 7,2;.1,910 7.866,001 6,665,35~ 5.!.145 t'5l 5.~46,173 4,918.188 85,849.91(• 8?,123,627 71,570,0ll~ 84,~57,2 9 ~8,02i5,778 IH,056,796 11,205,87!-< 11,~6 •,11,U 9,761,12 1 E',SOU,1~5 8,007,:10~ ?,~9,64~ t i l --- - ---~ -- 263,6 :4,287 255.09,0lll 220,447,92•· L95,0iO,eO l'79f668rn l6T.o70,46& Union Pao ... Ore.RR.& N. } t~OS '. 848 4:,6H,890 u,e5:S,85:1 Si.037,925 Ore1,t. Sh. L •. 'I'otal ....... 812 701,lllt. 301 'N8,llll t62 303 ~7, ~t 10:l 521 i....... ···· ....... . ....... ........ ........ ········ IDA RNING8 OF IIUDDLB 4.1'D IUDDLB WE8TBRl!I BOADb . r~ar. ll/02. Ann Arbor ....... Buff.Roch. & Pitt, Cblca1,to & B:a1t Ill Chlo.Ind.& Louis-v Evanav .& Terre B Boollinl{ Valley •. llliDOll Central L11.ke Erie & West Pere Marquette .. St. L. Van. & T. B. 1'ol. & Oblo Cent . 1'ol. Peo. & West Toi. Bt. L. & West Wheel. & •~- Erie Clev. Can. & Bo I * l'ot111. .... lwl. lllOO. ltsW. 1898 I I l,89~,67l/ •l,8:l'l,~45 t\67l2,6~f 6,255,78 6,'le5,55t 15,986,584 4,75Cl,06f l,99~,S7 1,584,611- 1,4'11,26: 6,604,321 4,\117 ,6e8 &2,24$.US{I i9,078; OC 4,6110,854 4,5SS,204 9,1;;9!1,211 9,186,161 2,2U,l'26 2,068,5&0 2,977,14 2,753,891 1,16!l,89q 1,155,150~ 2,t:2t,6flt 2,708,101 1 8"50 Ol 1 S 195 e~ c: • ' ·' I I I 1,781,6)) 1,655,068 l,4f8,5U 5,6tl0,60, 4,074,66C 3,811,721' 6,828,' 4~ 4,8il8,07i:i i,868,11!• f,180,021 8,868.08, 8,823,61. 7 J,U7,81.P J,40tl,Oo7 l,261,t6l ,,700, 791:- S,681,67: 2, 701,06t W,6~7.708 30.095,~9- ~7,RS0,27t ,.284,7flo 8,787,901 8,467.S7ll 8,~06,lll 7,360,78{1 t6,585,24J 1,1186,981 l,t:M,171l 1,727,~21 2,6811,9?2 2,0U,025 1,871,63: 1,119,52r> 1,025,870 07'1,06~ 1,98",Uf 1,971.~U(· 2,110,1512 90' 1504 2 4E7 231 i 1478-18 ~ ' ' ' ' l 913,121 i.d97. I 1,Slf,101 3,452,008 4,Ul.20~ 3,200,65, 1,181,4,8~ 2,183,600 H,788,99~ s,,39,897 t5,76J,987 1,6!0,827 J,782,621 941,172 2,2U,8111 1 , 193,67~ 667,815 ~7,2 · 3 057 8l,42",8tl<., :30,78<l,8i~ 70,109,481 61,50',00 · 6!1,074,58& t These Dl{ures are s1mp1y the totals ot the Chtcago & West Michigan, Der.rolt Grand Rapids & Western and Flint & Pere :MarQuette combined. *Result• on Ya:100 Bra.nob are not included a.tter 1807. ■ABNING8 Ye,ir. OF NOBTBWBJ8TBJR1' A.ND NORTH PA.CIFIO GROUP . 1.IIIJ2. UOl UIOO 18l'9 1898. 1897. I t I I I I ·au~dlan Paolflc 40.120.406 Chic.Burl.& Quin 57,262,6 · 4 Oatc. Gt. We11t · 7,t9t,7• 9 "'tllo.Mll.& St.P . 46,40~881' Chic. & North W 4.7,571,4 •8 Chl. St. P.M. & 0 •• ll,~O'i, b21 Oulnth S.S.& Atl, 2,,41,04• 1 r¾t. North. system U0,205,612 Iowa Central.. 2,51P,190 dlnn.& St. Louil. Bl>76,042l M. 8t. P . & 8. S. M. 6,825,877 N 1rtb. Paclfl~.b l '4 ,. St.Paul& Dul. 5 ' 1 07 ' 678 ~t. Jo.a. & Gr. 181.. • 1,240,828 IVl1oonaln Cent'I. 6,'107,486 -- 8,,467,7~ rn,067,lto 7,438;6s t4,862,007 !l5,622,029 11 ,lD~,4011 '?,5l ,ll6ff *338~5260 1,396,77~ s,,78,224 ei,600,i21 80,452.839 !0,2. 0,087 .61S8.lli6 H,040,1584 4'8,480,16• !6,58~,90~ tS.16,\914 3P,890,U5 6,882,0ll' tl,8 ·9.316 6/166,511 5,078,890 U,691,69· l0,666,68: S6.0f978g 82.178,7e6 4.2,63~,48:- U,487,10 37,161,01 : ss,,a,068 10.l!tl,99~ L0,468,814 9,600,99 8,652,793 5',657,1-7, 2,407 .48• 1,821,801 J,6lll,ll(> *l88'3177• ;27)5266, *24538'9t- ao.7t7,424 P,223.8i6 2,294,68:i 2,017,087 1,788,687 2,1171, 16~ 2,!!06,521 2,918,888 2,HH,985 l,708,0ei; 4,669,03· 4,268,14- 8,899,541 , ,.. , l8,0 Jl,06' !8,858,8t ll 21,020,532 38 734 461 8 26 56 1 ' ' ' ' -'-1 1,916,4'7 1,6140,12~ 1,613,217 1,486,ll!I? 1,858,0e~ 1,36~,5Sc 1,21.6,68~ 1,162,764 5,631,< 55 5,8U,4E>l 6.036,80 4,088,69~ 4,512,231 -·-- ---- -· ·-- ·- ---- Total. .....•... Sl!l,984,209 288781204 2606Ie45t 25081j:l912 22670Q6'j(i 201757202 II Inolndes proprietary llnea in 1902, 1901. 1900, 1899 and 1808. t Includes the earnings of Spokane Falls & Northern for t he e . tire twelve months in 1002, 1901, 11!00 and 1899, and from July l ln 1898. • Figures for Dec., 1902, not reported; taken same as last year. COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS BONDS. The compilations on the succeeding pages show the highest and lowest prices of railroad and mlsoellaneoue bonds on the New York Stock Exchange In each month of the last five years-that is, from 1898 to 1902. A monthly review of the stock market during the late year will be found In the first article In this Issue under the caption "Retrospect of 1902," where we also give a record of important current events. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO DS. '71 1898. JANUARY~ BONDS. - - - - - - - - - -·- MARCH. APRIL. MAY. JUNE. JULY. Auous·r. SEP'l''BER. , OCTOBER. N0V'BER. DEC'BJCB. Low.HlJb Low.High Low.Hl.a'h Low.Hl~h .Low.H\ih Low.Hlllh I,ow.H •llh l,nw . Hhtp Low High Low.EflglJILow.Hlgh Low.High 9:!¾- 93¾ .. .. - ... . 91 - 91 .... - ... . Ala. Mld.-lst, iruar .. 3 91 - 91 ..• - ........ - •......• 88 - 89 S.'3¾- 85¼: 86¼- 89 84c - 85 88 - 90~ 88¼-- 90 87 - 88 Ann Arbor-lst.'9~,ir.4 82 - 841-6 83M- ~ 82¾- 84¾ 81 - 83¾ 83 - 85 71 71 70 59 46 - to 60 - 70 35 - 35 At. Col. & Pac. tr. ctfs.. ~¼-- 36¾ 32 - 38 60 - 60 49 - 50 At.J,C.&W.tr ct:fs ...... - . .. . .... - .. .. .... - ........ 70 - 70 Atch. Top. & S. Fe.94¾- 98¾ 98 -100 93½- 95¼ 94¾- 96¼ 94 - 95½ 93 - 95 86¾- 92~ 85 - 88¼ 86¾- 91¾ 92 - 94 General, irold, 199~.4 89¾- 93 89¼- 94 - •••..... 89¾- 89¾ .•.• Registered ........... 4 .... - .... 73¼- 79~ 68 - 75 56 - 59¼ 59:J:!- 64¼ 65 - 67¾ 6~- 71¾ 70¾- 73~ 69¼- 73½ 60½- 73 58 - 64½ 54¾- 62 Ad,justm't, 1r , 199~. 4 57¾- 61 - .. 99 - 101 102¼-102¼ 99 98¾99¼ 98 98 98 99¾ 9P¾95 - 97 ...• Atl. & Donv.-lst, ir ••. ~ 95 - 96½ 96¾- 98¾ - •.. . .... - •..... . . - •.. . . .• - . ... .... _ ¾- ¼ .. . . Atlontic & Pac.-lnc... 6 Bnltimore & Ohio-. - . . . . 95¾ - 06¾ 95¼- 95¼ 95½- 97~ 96¾- 99 3¾ , when l sued .. . ... .... 96¾- 991/. 93¼- 9i7-( 93¾- 97 - . . . . 93¼- 95 4s, when isttued ...... .. ... 110 -111¾ l07 -U3¼ 113 -114:J;t 112¾ ·112¾ 112 -112 1st, P, B ... ... .. .. .. . . 6 112¾-112½ ll4 -118½ 115 -117 100 -104 100½!-107 - ... . 113!)(-114 111¾-113 114 -lH¾ 115 -115 .... Trust cel"tlficates ... . ... . - . . . . . . . . - . . • 119 -119 us -118¾ 120 -120 .. .. - . . . . . . •. Ext. 4-s. Trust certifs. . ... 98 - 98 .... - •... 100)4-104½ 11'9 -114 113½-116¾ 116¼-118¾ . .. - .... 115 -115 Gold, 19-J~. coup . . . . . ~ 80 - 87¾ 92¼-103 - . . .. 95 - 95 - •... 102 -102 108¼-113'4' 108 -113¼ 111¼-111¾ .... - ........ Reai8tered.... . ....... . 92¼- S,6}1. 93 - 93 92¾- 92¾ 98 - 100¼ 101 -110½ 108 -111½ 111¼-113¾ 114 -115¼ 114¾-ll!l¼ 116 -118 .•.• Certi:f. of deposit ..... 90 - 90 - .... 104¼ -104¼ 111 -113¾ 11~ -115½ 116¼-117¼ 118¼--118½ ... - ... . . . .. Consol., aold, 1 988.. ~ 112 -113:J:j ll5¼-116¾ . . . • - . . . . . . . - . . • . . . • . - .... 103 -103,lt . .. , Registered. :..... ..~ . ... Cer1if, ol deposit .. . ... . - •... 97 - 97 ...• - . .. 113 ·113 112½-115¼ 116¼-116~ . ... - •.. . 117¾-118¾ . ... - ..•. 99½-100 102 -103 101½-102¾ 102 -102¾ 101¾·105 105 -105 105 -105 .... B.&o.s w .-1st, 1990 98½-lOO ., .. - . . . . 90 - 90 .. . . - . . . . 76 - 82 11493 ...... . ....... 4¾ .... - . . . . 31 - 31 - .... .... - . • . . 27 - 21½ 27 - 27¾ . . . . h1comP, • f'ries A--~ .... 8¼- 9¾ 6¼- 6½ 1¾- 12 10¼- 12¾· 9¼- 9¼ . .. . 9 - 9 I:! - 8 Income, Ser. B.2043 . ... Cen. O. H co1·g.con.4¼ 99 - 99 . ... - . . 100 • 100 10!¾--104¾ . . . . - . . .. 105½-107!1.( 107¾-108¼ 108¼-108¾ - .... 105 -105 . . .. - . ... 100 -101 lv4 -105 Ak.&f'.J., ht,cp.oU:a .... - .. .. 105 -105 99 - 99¾ ••. . 99¼-100 100 -101 98 -100 - . .. . 90 - 90 Bah. Helt-1st, go. 5. Sl - 84 - 75 75 . . . . . . . . . . . . • • • • • • . . . ....... .... ½ lst.4 'lid., C, & Col. ........ ••·• ' -lOi¼ 106 105¾-106 . . .. Plus.~ C . , ht. '46.4 - . ... 104 -105 105 -105 - ••.. 104¾-105 •... O. & Jhss., 1st coo .. 4 lOo¼-105¼ ... . - •'· .. 104 -104 . . . . Cou<1ol11 .. .. .. . ..... ......... Consol , 1 SU8.. . . . ... 1 l r.6¾-1'6¾ .... Sprln!l, I iv., 190~.7 105%-107 106 -107¾ 105 -107 105 -105 102¼-104 103¾-105¼ 104½-106 105¾-108 103 -106 100 -103½ ..• . - •.. 103 -103JJ! - • . •. 124 -124 - .. .. 120¾-121 120 -122¾ . . .• -Jd, con-ol., 19l1.7 .... iB'Y & '7th Av.-See Met. - . .•. 112½-114 114 -115 116¼-116,¼ 116½-U7l,£ - . . . . 113 -113 - . . .. 112 -112 Brooklyn(. i lly-Cons . . ~ Broo.klyn El.,vnted89 - 90 rec 94¼ 91 - 94 trust 91 fj, 93 9-.!4, 1 1 st, 85 - 92¼ 91¾89 - 91½ 91¼- 95 80~ - 85 83 - 86),4 83 - 87¾ 80¼- 84½ 79 - 80 . . . - . . . . . • •. - ......... - • . . . t68 - 68 186 - 86 '2d mort., 191~ .. . . 3 .. 5 80 - M ¾ 85 - 91¾ 90¼- 92¾ 90¾- 94 91 - 94¾ 88 - 91 90 - 92 91 - 93 Un. El. 1,.t,'3'7,6, t.rec 83 - 86½ 83 - 87½ 81 - Si 80 - 80 - .. •. 103 -104½ 101¾-104¾ 104¾-106 B.Q.C.&-.. con.iru .5 ... . 92 - 95% 91 - 93 92½- 95¾ 95~-102,¼ 102-"'·104 103¾-106 104 -106¾ 103¾-104¼ 104 -106~ 105¼ -109 Brooklyn llap.Tro.ns.5 94 - 95½ 92 - 97 Buff. Roch & Pittsb.- ... . 105 -105 - •.• . 104¾-105¼ 105¼-106 106~108 105 -106 106¼-107 .... - ... . 107¼-109 Genere.l .. .. . ... . ... . ... ~ 101¼-104¾ 105 -106 ........ R. & P., 1,.t, 1921. .. 6 L27 -127 .... - .... 127 -127 . .. - . .. . 125 -125 l23 -123 - . . . 123 -123 - , . .. . . . - .... 122 -123 123 -124¾ . . . . Consol., 1st .......... 6 .. . . - . .. .. . .. Burl. Ced. 11 ap. & No.ht... . ... ... .. . ... . .... . ~ 107¼-108¼ 107JJ:(-109 105¾-107¼ 105¾-106½ 105¾-lOij 104!1.(-10~ 106¼-106§,( 106¾-107¾ 106!)(-107¼ 107¾-107¾ 108 -108¾ 106}8-108¼ - •••. 109¼-109¼ 106 -107 . . .. - •... uo -110¼ - .... 106 -106 100 -103 103 - 103 103 -105½ 107 -107 Con•ol.111t & col. tr.~ t07¾ -109 C.R. I. F. & N ., 1st .. ~ t05 -105 .... - ... . ... . - ... . ... . - .. .. ..•. - .... . .•. - . . . .... . - •... . .. - •••..... - ... . .... - ........ . .. - .... 105¾ -105~ ... - .. •• - ........ 1st, 1920. irold . .... .. . ti . ... - .. .. .... - . . . . ... - .. . . .. . . - . . ...... - ... . . .. - .... .. .. <Canada Southernlst, llUar ............... 5 109¾-111 109½-111 108¾-110¼ 107\1:(-110 108!):(-llQ¼ 108¾-111¼ 108¾-109 108½-109¼ 109½-110 109¾-110 109,¼-110 109¾-111 7,1 ~d mortarufe ........ . . . ~ LOS½-109½ 110 -111 106 -108½ l05 -10~½ 107 -108½ 108,¼-109 109 -110 110 -110¼ 107 -109 108¾-109¼ 109~-110¾ llQ½-111¼ 90 - 917-{ 89 - 92 (J, B. U. Pac.-lst, g- ... 4 ... -Cent. Ohio-Set B. d; O. - ••.. 92¾-92½ ..•• :Cent. RR. & B., Ga . . 5 . . . - . . .. 91½- 93¼ ... • - . ... 87 - 87 9! - 94 iCentrnl ot Geo1•1ria- .... 114,¼-114½ .. . . lst .. .. . .... . .............. ~ 118¼-119¾ 116¾-117½ 114 -114 115 -115 118 -118 88 - 90¼ 88¼- 90¾ 87½- 89J.tt 89 - 93¼ Con ol .. ....... . .. . ..... . . ~ 91 - 92¼ 83 - 91¼ 87 - 90½ M¾- 86¾ 86 - 87½ 87~- 01¼ 86 - 89¾ 89¼- 91 38¾- 38½ 38 - 39¼ 38¾- 4A¼ 38¼- 39¾ 39 - 43 36 - 41 1st pref. income ..... ~ 42¼- 44¼ 39 - 43 38 - 42¼ 35¼- 36,¼ 35 - 37¾ 37¼- 41 10,¼- 13 12 - 15 12¼- U¼ 10 - 11½ 10¾- 12 2d pref. Income .. . ... . :i 14 - 15½ 12½- U½ 12 - 13½ 11 - 12¾ 13 - H 11 - 12~ 12 - H¼ 4½- 4,¼ 5½- 6Ji( 4¼- 4,¼ . ... 5 - 5 8¾- 8½ 7¼- 7~ 7¾- 7¾ .... 4¾- 4¾ 5 - 6J~ 3d pref. tncJme....... 92 91 ..•. l'Uac. & N. Div., 1st.~ 92 - 92 .•.• - . ....... 05 - 5 - •... 96-99 . .•. Mobile Div., 1st .. . ... ~ 95¾ · 95¾ . •.. Mid Ga. & Atl. Div.~ - • • · · 86¾- 86¼ . • • • (:Jent. of New Jersey- .... 10,i¾-104¾ 103 -103 103 -103 103%-103¾ 102¼-102¾ 102,¼-102¼ 102,¼-102¾ Con 1101 •. 1899 .. . ..... '1 104¾-lO!l¾ 1041}.(-104¾ 104½-104½ .. •. - ... . 112,¼-112½ , •.. - .... 112 -112 . . .. - .. .. ] 8l c onv , 190:l . .. ... , 7 ,. .. - . . .. ... - . . •..• . . . 110 -112¾ . .•• Conv. dt•bt!n,, 1908 .. 6 .... - . .. 110½-110½ . ... - ... . .... Gen. mort., 1981 . . .. ~ 110 -113 113 -114¼ 111 -113½ 109,¼-112½ 112 -114 113¾-115 112 -112¾ 112'-(-114¼ 112 -114¼ 113!14-114¼ 112¾-114¼ 113¾-116 . ..... 6 110 -112 lU -114¾ 110¼-113¼ 108~-110¾ 111½-112¾ 113),(-113¼ 109½-110¼ 112¼-113¼ 111 -112½ 111,¼-112 110½-112 111 -112),( Registered. 98¼ -100 98 -100 97 -100!,t 97 - 99 Leh.& W.B.-Assent 1 100 - 102¼ 102 -103¼ 100 -101% 99!)(-100½ 99¼-101¼ 99¾ -101 100 -101 100¾-102 85¼· 85¾ 91 - 91 .... - •... . ..• 90 - 90 90 - 90 93 - 93 ) Morta-aire. 1912 .. . . 1} 90 - 90 • ... 113¾-113¾ 114 -114 114 -114 115),(-115¾ 115½-115¼ Am. Dock & Imp ..... . I} 114½-115 114 -114¾ l14)4-116 110 -111 112¼-112¾ 114 -115 . ... ()entral Pacific- . .. . 102,¼-102¾ . • .. San Joaquin Br'ch .. . 6 .... - . .. . 105 -105 ...• - •• •. 101 -102½ .... Landa-rants ..... . ...... ~ . ... - ... . 100,¼-100½ 102 -102 .•.• "Ext., If., ser. A., '98.1} Speyer &Co.cfs.dep. 103 -103 103 -103 ... - ••.. 1'13 -103 .... - ••.. 101!)(-101:J,C . ••• "Ext., a-., ser. E., '98./l ... . - .. . 102 -103¼ . • .. - .. . ..... . ... 102 -102 •. •• Speyer & Co.c:f,;i 1900 .... 105 -lOi - ..... •.. - ...... . - ........ .Spe yer & Co.cfs. 1901 . ... Wc11tern Pacific . ...... 6 101)4-101¾ 103 -103 101 -101 ...• - ••• 102,¼-103¼ 103½-104 . ... - •.•..•• - ••• . 102¼-103¾ 103½-103¼ 103)4-103;( 103¾ -103~ .•• , - ... . •.. _ •C.&O.Div.,ext.,'18.~ 101 -101 ...• No. of Cal., ~0 :vet..r.. ~ 100 -102¼ 102 -102½ 102 - 102¼ 100 -101 100 -101¼ 101 -101¼ 101,¼-102¾ 103 -103,¼ 103 -103:J:! 101 -104 104 -104¾ 105 -109¼ (Jent Wo.sb.-lst,6s,t.r . . .. . - .. .. 40 - iO . ... (Jhe o.peake & OhioPurch. money fund . . ff 101¼-101¼ ...• - .... 119 -119½ 118 -118 118½-118½ 118¼-118¼ - . . .. 118 -118 119 -119 .eeriesA, irold, 190S .ti 120 -120¼ 120 -120½ llS>½-119~ ... . .Morta-n,e, 1911 .. . .. .. 6 120¼-120¼ . . . . - ... . 119½-119,¼ 115,¼-118 118 -119 114¼-119 119!1(-120 120¾-120½ 120 -121¼ 118!)(-118¼ 119 -119 . .• • - .... 1.st, con., g., 19-19 .. .. ~ 114 -116 114¾-117 112¼-116 112½-113¾ 111 - 113½ lll3½-U4¾ 114½-115 115 -116 115 -116 115 -117 114!)(-117Xa 116 -US - •.• • . •. · - .... 115 -116 . . . - .. . 115 -U6¼ Reiristered. . . . . ..... 113 -lU½ 114 -114 . ... - . .. . ... 76½- 81¼ 81}:( · 85 83¼-- 84~ Si¾- 00 84½- 87¾ 83¼ - 86;1:! 85¾- 89¾ E9¼- 91 75 - 'i'8 Genero.1, 199 J .. .. .4½ 81%- 83¾ 80¼ - 8!~ 73½- 81 9::> -102 100½ -103 103¼-105½ 102 -103½ 104 -105 101 -104 103,¼ 104)4 105½-106¾ 105¼-107¾ ,R.&A.D. l8tcov !89 4 103¼-105 104¼-105 102 -105 93¾- 94 .. . . - . . .. 90¼- 94 j 90 - 90 95 - 96½ 97 - 97 93¾- 95 . 95 - 95 2d consol., lfH9 .... 4 93¼- 9a% .• •• - .•.. 92 - 93½ 95 - 95¼ . ... - .. ·Craig Val., 1111, '40 .. 5 95,¼- 95,¼ 99,¼- 99½ . . . . 97½- 98½ 99 -100¼ 100¼-102¼ 102 -103¼ 103)4-103½ 101½-102 100¾-103 101¾-102 102¼-103 Eliz. Lex. & n. is .. ••~ 102 - lW 102½-103¾ 98 -100 -Chicago & Alton- .... 111 -111 - •.• . 109½-UO¼ Sinki •g fund, 1903 .. 6 .. . . - ... . 112¼-112¾ 112,¼-112¾ 113~113½ . . .. - ... .. . . 107¼-107¼ •.• . 107¼-107¼ 107¼-108 L.&Mo.R.ht, 1900.1110¼-111 . ... - . . . . 107 -107 ... - .. 101 -101 .. ,. 2,1. 1 ••oo "' Sd iastalme i, t paid, I All instalm e nts paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J···~· - ........ - - - ~r ........ - - ........ - RAILRO . A.D BOSDS. 1898-C:ontinued. JANUATI1 . lfBBR1RY. BONDS. APRIL, M.AY. MARCH. ---- - - ---- JUNll:. JULY. AUGUST. 9ll:PT1BE.R (ICTOBll:R DEC 1Bl'lR NOV1 BBR ---- - - - ---- --- -- Low.Hillh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Bigh C hie. Burl. & QuincyConaol. .................. 7 115¾-116 116 -116¼ 114 -116¼ 113¼-115 114 -117 117¼-118¼ 115 -115¼ 115¼-116 115¼-116 114¼-116¾ 116¼-117¼ 117¼-ll~ . . .... 104¾-107 · ••· Sink. fund, 1901 ..... ~ .... 104¾-104~ 103½-105 105 -105 . .... 101¾-101¾ . ... - ... Debenture, 1913 ..... :i 106 -107½ 107½-109 105 -11)7½ 105 -106 104%-l(J6 106 -107¾ 107;(-107½ 107¼-110½ 109½·110½ 110 -111 108}9-109½ 109 -110 Couvertible, 1903 ... :i 110¼-11~ 110½-111¼ 104¼-109 105¾-106 107¾-109¾ 109¼-112 111 ..112¾ 112¼-121¾ 114 -116½ 113¾-117¼ 116¼-121¾ 119½-126 .... 109½-109½ ... . .. .... .... .... .... . IowaDlv •. sink.1d ... lj .... .... .... - .... 111 -111 .... ... . .... 110¾-110% 11()7,fr-lll 98 - 98 101 -101 100¼-lOC¾ 100½-101¼ 102 -102 1919 ..... ........ ..... 4 102 -102¼ 103¼-104 101 -102 - . ... 101¾-101!'4 100¼-102½ 103 -104 99¾- 99¾ .... - ... 100½-101¾ 102 -103 102 -102 Denver Div •• 192~ .. 4 100¼-101½ 99¾-100¼ 99¼- 99¼ 97 - 97 99 - 90 · •• - .... .... - . .... 99 -100 . .... . ... .... ·~·· .... . .... 1921. ................... 4 .... .... 100 -100 ·•· · - . ... 100 -100 100 -101 ... NebT'skaExt.,1927.4 98¼-100 97½- 99¾ 95¼- 98¼ 95¼- 96½ 97 - 98¼ 97;(- 99 98¼-100¼ 100 -101¼ 101 -102¾ 102 -103¼ 101 -102% 10-2¼-105 97 - 97 99 - 99 .... . Reiilstered .......... ... .. 97¼- 9i¼ . . .... . ... - . ... . - .. .. . - .... .... - .. 120¼-120¼ 120 -120 . Han. & St. J., cons .. 6 122¼-123 122¼-123 119 -120½ .... .... 123 -123 120 -120 . .. - ... 121 -121½ 122 -122 . ... 106 -106¼ 109½-110¼ 110¼-110¼ . - .... 108%-108¾ 108¾-108¼ 10~-108 Ch. Bur. & No.-tst.~ 110 -110¼ 109¾-109¾ 105 -105 0 hie.& raat'n TJJlnolslat, alnklnii fnnd ..... 6 1163,(-ll{l~ 116¼-116¼ 116¼-11~ .... .... 116 -116 114¼-114½ .. - . .. 116¾-116¾ 117½ •117½ 117½-117¼ 115 -115 122 -122½ .... .... .... .. .... latconaol., irold ....... 6 129 -130 .... .... .... 132 -132 .... - ... - .. . 128}9-129 132 -134 102 -105¼ 106 -1~ 105 -108 107½-108 107½-108 108 -108½ 105½-108 108¾-109 Gen. mol't., 1937 .... ~ 101¾ ·107½ 106 -108 104 -106 104 -105¾ ReirlsteTed .... _...... ~ 101 -101 .... .... 105 -105 102 -102 106 -106¼ . ... .... .... - .... .... - .... . ... .... 103}9-103½ .... . .... - ... . 105 -105 .... ... 102½-103 103 -103 105 -105¾ .... - . ... . .... . ... C hie.& ln.C'I Ry-lat.~ 100¾-104½ 106 -109 C hie. lnd • •~ (.oulsv.Retundlna, 1941 .... . 6 97 -102 100 -105 100 -108 96 -100 100 -103 103 -104 103 -105¼ 105½-107 105½-107 102 -102½ 104¼-106¼ 106 -107 · 90 - 90 90 - 90 91 - 91X! 91 - 91 Refunding, 1947 ..... ~ 83 - 85 85 - 89 80 - 8':'¼ 82 - 82 82 -82 92 - 92 91 - 92 91 - 91 .... 112 113¼ 112 -113 . . ... 112¼-113¼ 115¼·115½ .... . .... - . ... 113 -114½ 114 -114 115 -116 l16¼-117 Lou. N. A. & C., lst.6 .... C hie. Mllw. & St. P.... .. ,{ - . .. . 111t, P. D., 1898 ...... 8 103¼-103½ .... ... . 147 -147 .... - .... .. . . 141 -141 142 -142½ ht,,rold, R. D,1902.7 140 -140¼ 141½-143 . - .... ... 151 -152 153 .-160 160 -160 . - . .. .... ... 1st I. & D. Div .... .. , 187½-140½ ... . 145 -145 .. . 162 -162 .... 140¼-140½ .... - ... .. - . .. . 152¼-152½ - . . . . ... .... ... - .... . ... .... .... ... .... - . .. . 160 -160¾ 160¾-161 162½-162 lat C. & M. Div .... .. . 7 140 -140½ 144 -144 141 -141¼ 141 -141 .... Consol., 190~ ......... , 138 -140¼ 140¼-142½ BOl':(-142¼ 140 -141¼ 145 -145 145¼-145½ 143¼-145 146)4-1511 152 -152 152½-160 160 -161 162½ 163 .... 143 -143 lat I. & D. Exten . .... , 139¼-141 141¼-142½ 140¼ 141 •••. 142J,ii-145_¼ 148 -151¼ 151½-152 153¾-160 160½-160½,162 -163 .... - . ... 1st So. West. Dlv ..... 6 118¼-119¾ .••• .... 116 -117½ . ... ... . 117 -117 - ... .... - ... 119½-llU½ .... - ••• .. .. .... 110 -110 ··•· .. .. ... - .... . ... .... .... .... .... 115½-115½1. ... - .•. let Lo. C. & Dav ...... ~ .... ... .·.. .... 115½-119 121 -121 116 118¼-120½ 120 -120½ 117~-llF¾ 120 -120 118 -118¼ 118¼-120 119¾-120!.4' 120¾-121 -11\l¾ 11:!M-117 lat So. Mien. Div . .... 6 Jat D. ,~ o. Div ....... , 130¾-130¼ 130 -130 .... - .... . . 128¾-130 128½-128¼ 128 -129½ 128%-128¾ 129¼-129½ . ... ... . ... ... . .... . ... . ... .... l st, J !'1 0 ....... ....... ~ .... ,109¼=1~9· - .... .... 109 -109 .... .... .... ••' •• 118¼-118½ .... - .... .... .... .... .... 121¼-121¼1122 -122 Chic. & Pnc. Ulv ...... 6 119 -121 120 -120 118 -120¼ .... C hie. & Pac. W. Dlv./j 115¾-117 116}4-117 114¼-116¼ 111 -115 113 -116 116 -117½ 115 -116¼ 118¼-117½ 116¾-117¾ 117 -118 118 -119¼ 119½-122 . 113 -113¾ 114¼-114½ . .... 115 -115% 115¾-115½ 116 -118 - .... 110¾-116 C hie. & l.Uo. It. Div .. /j 114¼-114¼ 114¾:-117 114¼-114¼ .... .... ... . . ... ... -·· . - .... ... . .. . .. . ... . ... M lneTal Point Div ... ~ 107 -110 ... . .... . . . .. . . - .. . . ... 113¼-113¼ 112 -112 .... C hie. & l.. Sup. Div ./j 111 -112 .... 114 -114 .... - ... . · • Wis.& l.Uln. Div ...... /j 114¼-114½ 115 -115¼ ... .... 114 -114 115¾-115¾ 118 -118 . .. . - .... T ermtnnl. .. . ........ .. /j 114 -114½ 115 -115 115 -115 111 -113 118 -113 114 -114 111¼-113 ... 113¾-113¼ 113!)4-lli¼ 113¼-113¾ :1'.15½-115 p a-rgo & i-:o., nssum.ti 127¼-127¼ .... . .... .... - . ... . .. - . . . ... .. . · · • - .... .... .... .... 118 -118¼ .... 109 -110 ... . ... .... 114 -114 . ... akotn & Gt. So • .. . :5 112 112 -112 112 -112 . .. . - .. . lU -lU 112¾-112½ -112 D G en. iU •• "A." 1989 . ..4 104%-105¾ 1(5¼-107 105 -106 103¼-103¼ 102 -104 104 -106 104 -106 105¾-106½ 105 -105¾ 105 -106¼ 106½-107¾ 107!,t-10~ · .... lO!Jli-105¼ . ... - .... · ••· .... . ... .... . . ... ... .... Redste1•ed .......... 4 .... . ... . ... .... ... .. .... .... 120 -120 .... .... .... ... . · ••· 120 -120½ 120 -121 .... M 11.& No., 1st, 1910.6 122¼-122¼ .... . 121 -121 .... 123 -123 122 -122 117 -117 .... .... 120 -120 . ... - .... 121 -121 121¾-121¼ 121¾-123 .... .... .... l l.8t on ext. 1913 .. 6 Oh le. & No-rtbwest'nC oneol., 191~ ......... 7 144 -145 142¼-143¾ 141 -142 142 -142 138 -uo 139¾-139!'4 142%-142¾ 142½·142½ 142 -142¾ 142¾-143¼ 142 -142¾ 144 -145 G old, coup., 1902 .... 1 116¼-116¾ 116¼-116½ 114¼-ll~ 118 -114¼ lH¾-116 113 -114¼ 113¾ ·114 114%-115 114¼-115 115 -115 116 -ll6 ' 112¼-11 .... 116 -116 113 - 113 G old, rell., 190~ ...... 7 116 -116¼ 116M-116½ 115¼-115¼ 118 -113 112¾-l15¾ 113%-114 114½-114½ 114%-114¾ 114¾-114¾ .... .... 113¾-114¼ 116¼-118 119 -124½ 120 -120 116 -117½ 117¼-117½ . .. .... .... 117 -118¼ ... .... t!i lnklnir fund.coup .... 6 116¼-117¼ .... .... .... . .... - . . 114 -n4 115 -115 .... .... . ... ... U'i½-117½ . ... - .... ... . . Re(filtlered .. . . ..... ,6 .... slnkln:i fund, coup ... /j 1113,(-111~ 111¼-lll½ .... .... 106 -106 106¼-106>11 1~-106¾ 108 -lOS 110 -111 111 -112 1083-1;-108½ 108¾-109½ 109¼-109 .... ... .... . . 107¼-107½ .. . ... .... - ·•• · . ... .. . .... .... 108½-108 Reiiistered .. ........ . ~ ... . .... ... 119 -119 119¼-119¼ 120 -120¾ . ... - .... . .. - .... D ebenture, 1933 ..... ~ 117¼-118 117¼-118½ 117¼-117¼ 11~-116 lU -115¾ 116 -116½ , Reiilstert'd ......... .. /j 118 -118 119 -119 117 -117 ... .... ... . .... .... .... .... . .... . ... .... .... .. . .. . .... 119~-119 108 -110 110¼-110¾ yrs, deben., 1909.lj 110 107¼-108¼ -1101A 107¾-109¼ 108 -108J.!i 109 -110 108½-109¼ 110¼-110¼ 108¾-109¼ 110 -110 ~ . . .... ... ~ Reiilstered ..... 109¼-109½ .... .... .... ... . . ... . ... .... . ... . .... 116¼-116¼ .... 115¼-116 116 -118 . 112 -112 ... . ... 116¾-116¾ 116 -116 3 0-yeo.r deb ., H .. ~1 .. /j Reiibtered ........... /j 117¾-117¾ .... .... .... . .. . .. . ... .... .... - .. . .. - . ... .. . - . 105 -107 104 -104. ... 105¾-106 . ... - ... 105¼-106 105¾-105:1( . ... . 104 -104¼ 104~105¼ £ xten. bonds, 1926 .. 4 . Regl8tered ........... 4 .... .. . .... .... .... .. - . ... . .. 103 -108 ... . .... .... - .... • · •• . 99 -101 101 -102 102 -102!'.( 102¾-103¼ 102½-103 103 -103½ 101¾-102¾ 102¼-102 G.,enero.1, l9S7 ...... 3J.g;.... . Rrgistered . .. .... 3¼ .... . .... . .. 103 -103 . .. . - . ... .... ·•·· ·••· . 107 -107 106 -106 107¾-107¾ . ... . . .... - .... .... - .... .... . .... E scan. & L.S., lst ... 6 ;.... . ... . - . ... . ... - ... . .... 108 -108 . ... . ... . ... I owa. M.ldlo.ud, lst .. 8 .... . 109 -109 . .... ... . . .... 0 tt. C.F.& St.P .• lst ~ I ... ... . . .... - .... . . 102 -102 102¼-102¼ .... .... .... . ... ... . .... - ... .. . . .... .... C lalc. & Mil w ., 111t .. . 7 101½-102 ... . ... . .... M 11.& M., 18t.190~.6 117 -117 ... . ..... - . North. lllinoi11, l1tt .. ~ .... - .... .. .. - .... 105 -lu5 .... - ........ - ........ - ........ - .. .. ... . M. L. s.& W let.,'~1 .6 136¼-137 136¼-136% 136 -136 133¼-133½ 132¼-134 133 -135¼ 135 -135¼ 135½-136¼ 136 -136 136 -137 137 -137 137 -138¼ Ext. & Imp.,•• f ... . ii . ... - .... 116¼-117½ .. - .... 113¼-113½ 113~-113½ •••• - .... 116 -118 .... - . .. 118 -118¾ 119 -119 119 -120¼ J Mlcb. Div •• 1st ..... 6 ... - .... 133 -134 .... - .... .. .. - .... 135 -135 138 -138 A11hland Div., lst .. ti .... - .... 135 -135 ...• - ... . 133 -133 .... Income, 1911 ........... - .... 112 -113 Chic. R. I. & PacificCoupon . ................. 6 .... - .... 130 -131 132 -132 131 -131 132 -132 129¾ -129¼ 131 -131 130¼-131¾ 131¼-132 132 -132 34¼-134~ Reiilatered ........ .... 6 131¾-131¾ 181 -131 129 -129 128 -128 127¼-130¼ 128 -128 128 -1 29 130 -130 Exten. & collateral .. i} 105¼-106¼ 105¼-106 105¼-106¼ 106;(-106¾ . • •• •. . . ... - ... .. ... - .. . . . • Rearlatered ...... .... i} 105¼-106 105¼-105¼ 105¾-100 jl06¼-106½ .... - .. . .... - ... . .... - ... . .... - .... .... Debentu, e. l 921 .. ... I} 106¾-107½ 107;(-108 104!1(-105¼ 105 -105¼ 105¼-106¼ 106½-107¼ 107 -107½ .. .. - ........ General, 19SS, a-..... 4 .... - ........ - .... .... - . . .. 102¾-105 104,¾-105¾ 103~-1(}!½ 104 -105X! 103½-10!% 10!¼-105¼'104%-105½ 105¼-107 Re1li1>tered ........... 4 .... - ........ - ........ - .... 103¾-103¼ .. .. - •.• .. .•• - . ... 1''4%-105¼ 104 -104 .••• - ••• ...: - ........ - ..• . Keok. & Des l'tl .. ht.:i 105½-106½ 108¾-109 .••• - •••. 103 -103 . • • . - •.. . 106½-106½ 107 -107 l08¼-108½ . . . • - • . . . . . . • - . . . 107½ 108½ 109 -110 D.:.tt.&F.D.ht'0/> .2½ 69¼- 69¼ 70 - 70½ ..•• 80 - 80 .. :. - .... lat, 1903 .. ............ 4 85 - 85 91 - 92 .... - . .. 94, - 94 94 - 95 9!!¾- 94¾ 95½- 95½ 95¾ - 96 Chic. ~t.P. Min.& Om.Consol., 1930 ..... . ... 6 136~-138 187 -137½ 133 -135 126½-1~7 133 -135½ 133 -13-!¼ 135¾-136½ 135½-136½ 135 -135½ 135 -136¼ .... - .•. 134 -135¼ Chlc.St.P.&M.-lst .. 6 131¾-132 133 -133 130 -132 - ... . 128 -130 132 -132 132 -132 13!! -135 135 -135 135½-136 . . .. - .... 133 -133 St. P. & S. City-ht .. 6 132 -132¾ .... - •••. 131 -131 126 -127 .... - .... 130 -130½ 131 -132 132 -132 132¾-132¾ 130½ 131¼ 131¼-131½ 132¼~132¼ Chic. Term') Tran11 .U. S. Tr-. ctf1t. of prop. 49¾- 49½ ... - ... . .... Chic. Term'l Transt .. 4 83¼- 86 85 - 87% 79½- 85¾ 80 - 82½ 82 - 85¼ 85 - 87¼ 85¾- 86½ 86¾- 90¼ 87¼- 9C¼ 89¾- 90¼ 90 - 92 91½ - 95¼ Ch\c. & Wost. Ind.Gen. mort., 1932 .... . 6 121 -121 1223-1;-122½ 118 -121 117½-118½ llSJ.g-118½ 118¾-120½ 118¾-l18!}4 120 -120¼ .... - .... . : .. - .... 121 -121 119¼-120 Ctn. Ham. & DaytonCln. Day. &Ir. ht... /j 110½-111 110¼-111½ 111 -111½ .••• - •••. 107¼-107½ 108 -108½ 110 -110 110 -111 111 -111¼ lll¼-112 110 -110¼ .. • . - •••• - - ... .... - - .... - ... - - - - - ·•·· - .... - .... - .... ... - .... .... .... - - - ... .. .... - - .... .... - ... .... .... - .... .... ... .... - .... ... ... - .... - .... - - .... - - .... - - ... - .. . - - - ... - ... - .. - .. .. . .. .. - .... ... - .- ... - :::: = :... ... - . .... - -. - .... - ... .... - ... - .. . - ... - .... - . .... - ... - ... -- ... - .... .... - .... .... - - .... - - - . ... .. ... .... .... - ... ... .... - ··•· ... - .... .... .... - . .... -.... - .... .... - ... ... - ... .... - .... .... - .... .... - . - .... .... - .... .... - ... - ... - .... - .... - ... .... .. ... - ... .... - .... .... - .... .... - .... .. .... - . ... - .... .... .... - ... . .... - .. - .... .... - .... - . - .... - .... - .... .... - .... .... .. - .. ... - ... .. .. - .... .... .... .... - .. ... - ... - - .... - ... ... - .... ... .... .... -- .... - - .. . .. - . .... - ... .. ... - ..... .... - .... .... - .... ... ... - .... -- .... .... . ... --. - .... ... ... ... - ... -- . .... .... -- . ... - .. .... ... - . .... - ... ... - ... - ... .... .... - .... - .... .... .... .... .... -- .... .... - . .... .... .... - .... .... - .... .... .. - .... .... - . .... - .... - .... .... ... .. .... .... .... - .... .... -- .... ... -- .... ... -- .... .... .... - .... ... - .... .... - .... .... - ... - .... ... -- .... .... .... .... - . ... - ... .... .... .. .... ... .... .... .... .... - .... .... .... -- .... - .... .... ... -- . .... -- ... .... -- .... ... - .... .... - .... .... - .... .... - ... ... .... - .... .... - .... .... - .... .... - .... .... - .... .... - . .... - ... - - - ... ... - ... - - ~ ... ~ - ... - .... ... - ... -. - .... - ... I isuc.c.c. C.I.8.L.&C. 5& St. L. Cl. & Can-ht, tr.rec~ 70 - 71 71 - 73½ 73¾- 73¼ •••• Clev. Cin. Ch. & St. L.General. ....... ........ 4 . . . . - . .. . . . . . Catl'o Div., l11t ........ -l 89 - 90 .... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69¾· 69½ 70 - 70 82 - 82 82 - 82 AA - AA - .... 70 - 70 68 - 68 68¼- 74½ 73 - 73 85 - 85 - . . . . 88 - PO~ Pl¾ 91¾ . ... - -- 70 - 71¼ RAILROAD BOND 1898-~ontinued. I -~-- ,- - - - ---- ---- -----,-----,---- - - - - - - - - - - - ---Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Rig~ Low.High ----------·•----· ---- ---- ·- - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - ,J.A.NU.ARY FJ!JBR'RY. MA.ROH. APRIL. M.A.Y. JUNE. . JULY. AUGUST. S EPT'BER. OCTOBER. NOV'BER. DEC'BER. BONDS. Cl. C. C. & St. L.-(Oon. 8t.L.Dlv., 1st.1.990.4 96.½- 07 97 - 98¾ 96¼- 97 94 - 95¾ 90¼- 92¾ 93 - 95 95 - 96¾ 98½-100 98.½- 99¾ 09 -100 97¾- 88¼ 98 - 99¼ Rea-1,.tered ........... 4 .... - ........ 90 - 93 Clo. Wah. & M., lst.4 .... - .... 89 - 89 89 - 90 90 - 90 . . .. - .. . .. • - . . . . !JO - 90¼ . . . . - . . . . 95 - 95 92:is- 92¾ . . . . - . . . . . . .. - . . . 80 - 80 .. .. - .. . . 87 - 87 . . . . W. W.Val . Div., lst.4 87.½- 68.½ . ••• 98"- 99.½ . . . . . . . ... ... - .... 101.½-102 101.½-101½ 101.½-101~ C. I. St. L. & C., 1 st.4 101 -101 .... 75 - 78.½ 77.½- 79 76 - 80 76 - 79¾ 74 - 76.½ 74 - 7i-,~ 77¼- 85 Peo. & E., 1st, cons .. 4 73 - 76 75 - 78½ 70 - 77% 75 - 76¼ 74 - 76 - .. • . 14 - 14 17 - 19 16 - 18¼ 17 - 20.½ 19 - 22 - . . . . 19 - 20 20 - 22 Jncomes, 1990 . . . 4 .... - ........ Clev. Col. Clo. & Ind.. ••. 102 -102½ 103 -103 103¾-103½ 104 -10,i 1st, smkinir fund ...... 1 104%-105¾ . . •• .. .. 105.½-105.½ •••• - .... . .. . - .... 101¼-101¾ 101%-101% Consol., 1914 . . . ...... , 136 -137 .••• - .... 132 -137 - .... 135 -135.½ lSl¼-131.½ 134 -135.½ .... - . . . . ... - .• .. 139 -140 137¼-138 - .... 127~-127¾ .... - .•.. 132.½-132¾ ... General con sol. .. .... 6 ... - .. .. .... - .... 106¼-106½ 106 -107 !053,(-108 107 -109 Cl. Lor. & Wbee1.:....1st 102.½-102.½ . • . • - .... 100 -100 . . . . - .... 103 -103 .. •• - .... ~ ... 121 -121 .... Cl. & Mah. V.-1938 .. 1> .... - ........ Coloro.,lo Mldlo.i1dl st, irold, 6, tr rec'pts 64.¼- 67½ 65 - 68 59 - 65 62 - 62 ... . Con., ir.,'40, 4, ·t.rec.• 19.½- 21¼ 20.½- 20¾ 17.½- 20.½ 16¼- 16.½ .... Col. Midl'd-ht .. 2-3-4 .... - .... 66 - 60 69.½- 59½ 56 - 57 56 - eS 68 - 61¾ 57 - 59 57.½- 66¾ 64.1{- 6J,¾ 111t, irold, 1941 ....... . 4 .... - .... 65 - 68½ 68 ._ 'i3 66 - 68 67 - 73 73 - 77¼ Col.-& !'lo.-4s (wh.lss. J .... - ........ - ........ - ... . .... 83.½- 86¼ SJ:Vir 87,¼ Col. & 9th Av.-See .tlet Col. Hock. Va.I. & Tol.ht,:J,J .P • .U.&Co.ctf,.. 74 - 78~ 76 - 82 72¾- 78 70 - 72.½ 72¾:- 77 77 - 80 78 - 79.½ 79 - 82½ 79 - 79 78 - 78½ 7'i¼- 80 75 - 86 - .... .... 50½- 50½ 46 - 56 Gen. gold, 1904 ...... ti 51 - 55¼ 60.½- 61 Del. & Bud. Co.no.I.Penn. Division . . .... , .... - ... . 145 -14.5 146 -116 .... A.lb.&~ul!fq.-18t,ll'U.? 126.½-125.½ 125¼-125¼ ... - .... 120.½-120¼123.½-1233-2123.½-123.½ 123 -125 .... - .... l~ l .½-122 1 1st coup., iruo.r ...... 6 118.½-118.½ 117 -11-7¼1.... - .... 110 -110 !13 -114 115 -115 - .... 116 -116 116¾-116¾ 116¾-116~ Reaistered . . .... .. . 6 .... 11G¼-116x( ... Rens. & S., 1st, '21.7 .... - ........ - .... .... - ... . 147 -li7 .... - . ... 1 . . . . • • • • • • •• 1st, reg- . ....... . ....... , .... - .... lU¾-145 .... ..... 141 "-141 = ·.·.·.·.)1·24··· =12·4··· .•..· •. Del. Lo.ck.&; West'n-7 128 -128 .... - .. . . ... - .... 122 -122 .... Syr. B. & N. Y., lst.7 125¼ -125¾ . ... - ... 125¼-125¼ .... 126 -126 •· · · - •.·.·. ·. ·:~·,L-_ ; ·~;\ · ·· ·.½--l • .;~ · ·; · -_ Morrl8 & Essex, lst.7 141.½-lH 141.½-141½ 140 -140 .... - .. 137¾-139 HO -140 140 -HO 140 -HO 1,._._ 72 1 .. 1 71! 142 _ 4272 1,. 3 143 Bonds, 1900 ........ 7 .... - .... 107 -107 1S'71-190l. ... .... ... , .... - .. .. 113.½-113½ ...• - .. .. 107 -107 109 -109 110 -110½ . .•. - .... 107 -107 .... - .. •. 108.½-108½ 109½-109½ . ... Consol., guo.r... ...... , 141 -141 142 -142 137 -140 136 -189¼ 137 -142½ 139 -139 .... - . . • 140 -140 . ... Reiristered. .. .. 1 .... - .... ... . N.Y. L. &; W.-lst ... . 6 138½-138¼ 138 -138 .... - . •.. 138 -138 .... - .... 136%-136% - .... 137 -137 •... - .... 108 -108 .... Warren, 2d 1900 ... 7 .... Denver & Rio Gl'ande- .... 108 -110 111 -111¾ ll0_½-110.½ ... . - .... 108 -108¼ ... . lat.. ... . .. . . . . . . . . .. 1 . . . . - . .. . 110¼-110.½ 108.½-llO 10s -108 New con sol, 1936 .... 4 89¼- 95½ 93.½- 95¾ 89½- 92 87.½- 90 89¾- 93½ 94 - 95¾ 92¼- 95¼ 96 - 98½ 96 - 97½ 96¾- 97¾ 97¼- 99¾ 99¾-1<'2¾ . •. . . . . . .. - . . .. . . . . - . . .. 106½-106¾ 107 - 108¾ 108:1,!-lll 1st CODJilOI,. 1936 .. . 4½ .... - .. . Improvement, 1938.1> 85¼- 85.½ 92 - l.>3 90 - 90 87 - 89¾ 91.½- 91½ 90}<i- 91½ 91¾- 94.½ 94¼· 94% 94¼- 95½ 95 - 90¼ 95¾- 98½ 101 -103 Des ltlo. Union-lst .. .. l) 97 - 97.½ 97.½- 99 9S -100 .. .. - .. .. 98¼- 98¼ 98¾- 99¾ . . .. - ........ - . . .. .... - .... 102 -102 .... Duluth & I. R.-lst ... :; 104 -105¾ 105½-110½ 106 -107¾ .. .. - .... 10,i · 106½ 106 -106 105¾-106 105½-106¾ 105 -100½ 10!.½-106¼ .... - ... . 106}9-108.½ Dul.Red w.&S.-lst.~ .. .. - .... 92¼- 92¼ .... - .... 112 -112¼ 112)4-112.½ 112 -112½ .. . . - ... . 113¼-113J,~ Dul.S.S.&Atl.-1937.1> 105 -105 105 -106¼ 105 -107 102 -102 101 -105 107 -107 E.T. Va. k Ga.-See So . - .... 103¾-105 Elir. Joi. & E.-lst, fl .• ~ .... Erle- . ... 114 -114 114.½-114½ lat, Ext., 1917 ...... . .') 114.½-115 113 -116 112 -113 .lid, Exi .• 1919 ......... IJ .... - .... 116.½-116½ 117.½-117.½ .... - .. .. 119.½-119¼ .... 3d, Ext., 19~3 ....... 4~ ... - .... 108 -108 109 -109¼ lll.½-111½ .•.. - ... . 113 -113 112.½-112.½ .... 112 -112 4t1J, Ext., 1920 ....... .') .... - .... 113 -113½ 117 -118 - ... . llo¼-118 ~ .... 6th, Ext., 1928.... .. . 4 .... - . .. . 104.½-104½ .... - .... 105 -105 104.½-104½ ... ht, con11ol., llOld ...... 1146 -146½ 146 -147 141.½-143 .... - .... 138 -142¼ 141 -142¼ 143 -143 lU -145 'tU½-142 143 -144 144¾-145 144 -145,¼ lid consol., ir,, fund .. , 142½-143 140 -140 .... - .... 140 -140 - ........ - ... . 142~!! 143 Long ock cons.'35 . 6 .... - .... 139 -139 137 -1S7 133.½-13a½ . . • - .... 136 -136 137 -137 13S -138 139 -139 Buff. N. L & E., lst.7 .... - ....... - .... 133 -133 .... .leflenon llR.,1st,ir.l> .. . - ... 106 -106 - ........ - ... . .... - . .. 103 -103 .. .. Chic. & Erie, 1.st, fl .. lJ lll¾-112.½ 111 -•13 110¼-112 109¼-lll¾ 108 -110 110¼-111 111.½-111½ 112.½-113¼ 110 -111½ 111.½-112¾ 109¼-111 lll½-112 N. Y. & Gr. Lo.ke .... 5 ... . - .... 107 - 107 109 -109 Jtrlelst con. prior lien, g.4 90 - 91¾ 89.½- 93 86 - 91½ 84!1(- 88¼ 87 - 91¾ 91.½- 927-41 90¾- 92¼ 90 - 94½ 91!J.(- 93¾ 90 - 92½ 91¾- 04 93¼- 94½ ht con. iren.l •.'96.3-4 70 - 71% 70 - 74.½ 68.½- 72¼ 66 - 70¾ 68½- 73!14 73¾- 75 72¼- 74 73¾- 76 71)4- 73¾ 68.½- 71¾ 69¾- 77¾ 74 - 75% N. Y. Sus, & w., ref . .') 103 -108 107¼-108¾ 105 -10-:1 {19 -105 104¼ 105 108 -108 105 -105 107 -108 107 -lu8½ 108 -108 106¾ 108 110 -111 2d, 1937 ............ 4.½ 84¾- 88 91 - 91 90 - 90 .... - ... . l'2 - 92 92 - 92½ . .. - ..... . .. Gen., llold, 1940 .... 1> 87 - 96.½ 91 - 98 89 - 93 83 - 90 85 - 92 90 - 92½ 91 - 93Xi 89 - 90 8! - 90 82 - E7 85.½- 90 90 - 95~ Term., 1st. 1943, g.lJ .... - ... . 1109:(-111¼ 111 -111.½ 110 -111¼ .... - .. 109½ 109½ .... - .... . .. . - . ... jlll -111 Wilk.& E., I st,'4·l.lJ 93)4-100 99¾-101¼ 97 - 99¼ 95 - 97% 97 - 98% 97 - 97.½ 08 - 98)4 9;}½-100 99.½- 99¼ . ... 96 - 99.11! 95 - 99 lUldl'd ot N. J., lst.6 114¾-120.½ 121 -121 - .... 116 -116 116 -119 119.½ 120 120 -120 120¾-120¾ . .. - ........ - .. .. . ... - .... 120 -122 Evans. & T. lI -Cons.6 116¼-117 117 -117 117 -117 114 -114 112 -112 118 -118 114 -114 .... - .. . 116¼-116½ 121 -121 123 -123 123 · 123 1st, lleD., I 942, irold ..') .... - ... . .... - . . 82.½- 82½ 82 - 82¼ 82 - 86 .... - •. . 8! - 86~ 85 - 87½ 88 -100 94¼- Oil~ 95¼- 98 96 101 Ev. & J.-ht,con.,'26 .6 ... - .... 77¼- 78 - .... 80 - 88 89 - 99 97 - 98¼ . ... - ... . 9! -103~ .Flint & Pere illo.rq . .... ti 113¼-116¼ 115 -117 115 -116.½ 110.½-112½ 110 -114¼ 114¼-114¼ 114 -117 117 - 117¾ .... - ...• 115 -115 .... lH!¼-121½, 1st cons., g., 1939 .. . :; 89¾- 92¾ 93¼- 95 - .. . . 85 - 85 91.½- 91½ 92 - 94 93 - 94 93 - 95¾ . ... - ......•. - .... 96 - 98~ 9 J4 101 Pt. Hur. Div., 1st . ... :; 83 - 88¾ 89¼- 92 74 92 - 92.½ 85 - 85 88¼- 91 90 - 92.½ 90.½- 92 95¼- 95.½ 95¼- 95¾ 92.½- 93½ 93 -lOv½ 119 -102¾ Ft.:St. U.D.-lst,'41.4½ .... - ... .. ... - ... . 105 -105 .... Ft. W. & D. C.-lst.4•6 70¼- 75 69.½- 74 05 - 72½ 67 - 68 74¼- 76¼ 76 - 79¼ 7 7 - 87 'iO¼- 73¾ 70¼- 75½ 73.½- 75½ 73¾- 79¾ 74 - 77 Ft. W. & Rio Gro.ndelst, 19.lS ............ a.4 54¼ -59 58¾- 59½ 57 - 58 55 - 56 55 - 59 .... .... 58¼- 61½ 61.½- 64 59 - 62 60 - 61 60 - 63½ 62½- 66,¼ 96¾- 98.x, 99 - 99¼ 95 - 98 94 - 96 93 - 96 Go.lv. H. & H. of'S2.. I> 68¾- 90 89 - 92 90 - 92 91¼- 91¼ 91¼- 92¼ 92 - 92 G.H.&S.A.-See ~.P.Co. 106 -106 Go..&Ala.-ht pf'.'4~.I> .... .... 97 - 97 94 - 9! 92 - o-.a .... Go.,Car. & N. ·-ldt,llu.:; ... Go.. Pacific-See ~outh'n H &!!!t.J.-SuC.B .&Q. 92.½- 94¾ 94 - .16 . • • • - . . . . 93.½- 94!J.f 94 - 98~ H. E. &; W. Tex.-lst.~ .... - ........ - .... . . .. - .. . . 88 -90¼ 90 -94 H. & T. C.-See 80 Po.c. Ullnois Cenrral- .... - . . . . . • . - . . . 109.½-109½ . • . . - .... 112 -112 112¾-113 lsr, gold, 19:il ........ 4 - .... 113.½-ll!l¾ 115 -115 . ... - ... . ... - .... 112¾·112J,,t . . .. Registered . .......... 4 .... .... 108.½-108.½ 109.½-109½ . . . • - .... . . . Gold, 191>~ ... ..... .. . .. 4 ... - .... 102 -102 - .... 101¾-101¾ 100 -102 .... - ... . 102¼ ·104 .... - .... 104 -104 .•.• - . . 102 -104 104' -J.05 - ........ - . ... 102 -102 Rel,listered ........... 4 103 -103 - ... . 103 -103 . . • . . . - . . . .. . . Gold, 19:i3 ............. 4 101¼-102 102 -102¾ 100 -101½ 97.½- 99¼ 98¼- 99% 100 -101¼ 101¼-101¾ 101¼-102 101.½-101¾ 102 -102¼ 100)4-102¼ 102 -103 Registe1•ed........... 4 . . .. - ... . 101 -101 .... Gold, ~-10, 1901 ..... 4 .... - . ....... - .. .. . .. • - •... 100¼-100¼ .. .. - ... . . .. - ........ - •.• . ... - .... 102 -102 . ... 1st, gold, 19:;1 ...... 3½ .... - ... . .... - ... . 105 -105 . ... .. Regi11tered ......... 3 ¼ 102¼-102¼ 101 -101 - .... 102½-102.½ . . .. 92¾- 9i.½ 93½- 94¾ 93¼- 94 93 - 93¾ 93.½- 95¾ 95¾ · 96 Louisv. Div., gold .3 ½ .... 80 - 80 'i9¾- 80 78¼- 79¼ Su - 81 82 - 83 St. Loui!t Div., llOld .. 3 .... !127,1, . !Pl.,f P~lla -. Pl¾ 04 - Pl¾ 93 - 93 IH¼ · ll5¼ 95 - !)6 Gold.1951 . . .... . . 3¼ .. . • All insta ments paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ........ - ····I... - ........ - ... - - .... - .... . ?"4- R.AILRO DS. 1898-Continued. BONDS. JANUARY FEBR'RY. MAROH, APRIL. MAY. JUNE. JULY. AUGUST, SEPT'BER OCTOBER. NOV'BER DE0B■B., Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High r~ow.Hlgh Low.High Low.High Low.'Htgfil ----------11---- Illinoil!I Cent'l-(Oon.)Western Linel!I, ll!lt .. 4 105 -105 .... - ... 103 -103¼ 103 -103 101 C. St. L.&N.O.,a,.cp.~ 12a -123 123¼-123¼ 120¾-120¾ 115½-116~ ...• Rea,iatered ........ ... ~ .... - ........ lllem, Div., lat, a, ... 4 103¼-103½ .... - • .. .... Carb. & Shaw,, ll!lt.4 ... - .. ...... - .... .... St. Loull!I So,, ll!lt, ... . 4 .... - ........ - .... .... In. D,& W,-ll!lt,a, .. 3~.~ 10:3½-104 tOQ¼-104 98 - 98 .... - .... 97 Ind. (IJ.&Ia.-lat,'39.4 86 -88 1st, ref11nd'g, 1948.. ~ ... - .... .... - ........ - ........ lnteroat'l & Gt. No,1st, 1919 ........... .. .. 6 121¾-123¼ 122¼-123 - .... . .. - .... 116 '.old, 1909 ... ...... .. 4½-~ 85 - 89 87½- 90 78 - 84 7~ - 81 80 3d, t 9~1. .... .......... 4 44 - 52 54 - 60 47 - 50 .... 48 Iowa Cent.-lst, gold .. ~ 99 -100 100 -103½ 97 -102 97 - 99 98 Kan,& n.-SeeT.&O.C. K.C. P.& G.-lst&col.~ 787-(- 80½ 79 - 81¾ 75¼- 80¼ 65 - 75½ 68 Ken. Ceot.-See L. & N. Kings Co. El.-lst, A.~ 46 - 50 45 - 46 45 - 45 40 - 40 40 Fulton .t:;l,,l•t,guo.r.~ 37 - 38 35 - 37 . ••. Lake Erle& Weaternlat . .. ..................... ~ 115½-117 116 -117¼ 115¼-116½ .... - .... 115 2d . .. . ........... ......... ~ 103 -103½ 102 -103 99¼-102¼ 95 - 97¼ 97 North Ohio, 1st ...... ~ 100 -100¼ ... L. Shore-See N. Y. C. Leb.V.,N.Y.-lstgu.JC,4½ 102¼-103¾ !03¾-104¾ 102 -104~ 99 -103 99 t::: :.8;~~~:;~~ll::r~ 1i1 =lll -101 105 -105 105 -105 103~-103~ .... - ........ - ••• . 103 -103 - .... 120 -121½ 121¼-121½ 123 -123 123½-123¼ .... - .. .. 125 -125 - .... 123 -123 .... - .... - ........ - ........ - ••. . ... - ... . - ........ .... 90 - 90 -101 .... - .. .. .... - , .. . . ... - ... . 100¼-1~ .•.• - ........ - ........ - ........ - .... 93 - 94" 101¾-102¾ 100,,(-100¼ 101½-102 103½-103½ 101¼-102½ 1.03 -105 - ........ - . ... .... - ........ - ... . .... - ... . .... - ........ - ... - .... 103 -10:3 103 -104 10!¼·105 Oj -118 - 82 - 55 •102 118 -118 83¼- 88 57¾- 58~ 99½ ·102 120 86 58 101 -120 - 87 - 58 -102 120½-121 89½- 9~ 58}8- 58½ 102 -105 121 -121 87 - 87 . . . - . .. . 103¾-104 122!.(-123¼ 121 -122¾ 86 - 87¼ 87 - 91 55½- 55½ 55 - 60 104¼-105¾ 105½-105½ - 71 68 - 69¾ 68¾- 74 72 - 78½ 76¾- 78½ 67½- 76 - 44 4-3½- 48 56 - 57½ 55 - 58 50 - 59 38 - 49 -116 -100½ 104 -104¾ lOOJi-102 102 -102 -101 lll¼=li2½ 1i1 =111½ 107 -107½ .... - 102¼-103 116 -117 101¾ ·104 101 -101 10134-102¾ 102 -102 - .... 112 =1i2 .. !~ =!~: ... - .. .. 00¾- 93 59 - 61,M 103½-107 69 - 75¼ 67¾- 76~ 50 - 54½ 50 - 51 40 - 46 !l9¾- 70~ 4,l - 6t 116 -1~6½ 116 -117 102 -104 99½-101 - .... 100 -100 116¾ 118 118 -120 911½-100½ 102 -106 100 -100 100¾-101¼ 101 104,,{ 105 1105½ 106~ 102 ~ 103½ 104 ....·:. . ·.:.:.:. ~ :.:.:.:. i··i·o· ~1i·2·····1l.·i.a.·. ~113 Leh. Val. Coo.I-1st .... ~ ... . - .... 92¼- 92¼ .... Leh. & N. Y.-lst, a,u.4 .... - .... 92 - 92 .... - .... 91 - 91 .••• - .... 91 - 91 .... - ....... . L, Av. & P. F.-See :net. J L. R. & :U -l8t,iis,t.rc . ... . ... . 29-29 .... - ... 33-34 33 - 33 Lonir l81andl8t. con8ol, 1931. .. ... ~ U7¾-118¼ 120 -120 120 -120 .... - .... 117 -~17 110½-119½ .... - .. .. .. .. - .... 120 -120 1233,f-124 Ferry, 1st, 19~~ . .. 4½ 89 - 90 .... 88½- 88½ 86¾- 86:J.( .•.• .... 90 - 90 9034- 90~ 92½- 94 96 - 97¼ Gen. mort., 193""'·"· 4 85¾- 88 86¾- 89 88 - 88 88 - 88½ 88¾- 69 89 - 90 ...... - . • . . 88 - 90½ 90 - 91¾ 92½- 97!'4 95¼- 97 N. Y. &R. B .. 1st .... ~ . ... - ........ - .... 98-98 N, \ ' . B.& M. a., con .. ~ .... - .... 100 -102½ 100 -100 Loul8v. Ev. & St. L.Cons. iis, Trust rec .... 32 - 32 33 - 33 .... - .... 33¼- 36 38 - 53 39¼- 39¼ ... . 51 - 52¼ 38 - 40 Geo'I. gold, 1943 .... 4 ... 5 - 7 5 - 5 Loul8vl le & Na8bv.Con8olldo.ted .... ...... 1 10234-103¼ 102¼-105 103 -103¼ .. .. N. O. & 1Uob-l8t ..... 6 120¾-120¾ 122 -122 121¼-121¼ .... - .... 123¾·124,,j ... - .... 121½-122 122 -122¾ .. .. - .... 124¼-124½ 127 -12S 126 -129 ~d ..................... .. 6 . . .. - ... 107½-107¾ .. . - • . .. . . • • - .... 107 -107 106 -106 108 -108 108 -108 108 -108 . • .. - .... 111 -111 E. H. & Na8h., lat . .. 6 . ... - .... 117 -117 113 -113 113 -113 .... - .... 113¼-113¼ - .... 115 -115 .... - .. . ... - ... 117 -118 General mortgaue ... 6 117 -113 117½-120 117 -119¾ 116¼-117 117¾-120¼ 116¾-118 117 -118 118),4-119 118½-119 118¼-119¾ 119½-121 117¼-118 No.sbv. & Dec., l1J1t .. 1 - ........ - ....... - .... 105 -105 ...• _ ........ - ........ - .... 107 -107 Pensac. & Atl.-ht .. (> 105½-109 103 -103 100 -104¼ 99 - 99 96½-100 100}4-105 .... - . .. . 103¼-103½ 106 -107 106 -109½ 111 -111 110 -111¼, St.l..Div.,le1t,1921.6 . ... - .. .. .... - .... ... - . ..... .. - ........ - ... . .... - ........ - .... l~ -125 ~0-:ren.r, irold, 1931'.~ 101¼-102 103 -104¼ .... - .... 104 -104 100½ 103 .... - . 1031¼-10! 104!,g-104½ .... - .. 103½-105 103J,,(-105 105 -107 Unified, irold, 1940 .. 4 85½- 86¾ 86½- 91¼ 85 - 88½ 83 - 86¼ 85½- 90 89¼- 9~ 87¼- 88¾ 88}.!- 91¼ 8'3½- 80_;1( 89¾- 90¾ 90¾- 95 94¼- 9~ Col. trust, g., 1931. .. ~ 102¾-103½ 106 -108:J.( 102¼-102¼ 101¼-102}( 1oz -10~)( 103 -103 ... . - .... 103¼-104¾ 104 -104 - ........ - .... 106 -107½ L.&:\' .&M,&l1.1st4¼ . .. - ........ - .... 108 -108 109¼-10:l¾ .... _ ........ - ........ Nuh.Fl.&S.,l8t,1r11.~ .... 90 - 95 90 - 90 87½- Si¾ 88 - 93 93¾- 95 95 - 93 97 - 97 97 97 97 - 97½ 100 -103½ 103¼-104.~ So.& So.Alo..con.g11.~ 96 - 96½ 94 - 1!8},J 95 - 97 9434- 9i¾ 96 -100 100 -101 lOO;Ji-100¾ 100½-100¼ .... - .... 100 -100¼ 100¼·103½ ••• Ken. Cent., 1981 .....4 87 - 87 87¾- 91 88 - 89 85 - 85 ... . - . .. . 91) - 90 90 - 91 91 - 92 90 - 91 .... L. Cin. & L., 193 1.4½ 103 -103 .. • - ........ - ........ - ........ L. ~,A. &C. -SeeC. 1 .&L. Lout .. v. tty.-lstcon .. ~ ... - .... .... - .... 103 -109 .... - ... . .... Maohat.-Con., J 990.4 9534- 98}9 95¾- 98 92 - 96 90 - 93 91¾- 94¾ 94¼- 95¾ 95 - 96~ 95 - 97 93¾- 95 92¼- 93 93 - 95¼ 95 - 97}8 Metropol.Elevat,-l8t.6 118¼-118¾ 118¾-119¼ 115 -118½ 114¾-116¼ 116 -118:J,{ 119 -119½ 116 -116 116¼-117}( 117 -117 117¼-l17½ 117½-118 117¾-119}8 \ld, l 899 .. ....... ... .... 6 104 -105 104¾-105 102¼-104½ 10~¼-103 101 -102¼ 102¼-102~ 102½-103¼ 102¾-103½ 103¼-103¾ 104 -101¾ 101¼-101¼ 102 -102 Metro pol Street Ry.' General......... .. .. ~ 113½-116¾ 111 -114¾ 109 -111¾ 108½-110 109 -11334 113 -114 113¼ 115½ 112;J4-114 °113 -114 113¾-115¾ 115¼-118 117¾-119 1 B' y & 1, b Av•• 19-13. tl 122 -122½ 120 -122¼ 119 -120 114½-118¼ 118 -120 118¼-119¾ 120 -120 120¼-120¾ 120½-120½ 121 -121¼ 122 -122~ 121 -122¾ Col. & fttll Av., 1st .. ~ 121½-123¾ t21¾-12L!)(°ll7 -118 ll6 -118½ 117 -118 118 -120¼ 12034-122 121¼-122½ 120 -121¼ 120¾-121:J:( 122¼-123¾ 123 -123~ Lex. Av. & Po.v. F .. ~ 121½-123¾ 121 -122¼ 1117 -118½ 117 -117!1( 11?¾-118¼ 118¼-120 120 -120 ... - •• 119½-120½ 120 -123 122 -123 123 -125 lllex. Ceut'l-Con11r,l. .. 4 . ... - .... 66¼- 66¼ .... - .... 63 - 63 . ••• ................. - .... 62¼- 62¼ 60 - 60 65¼- 65¾ Mex, Int. -lst, 1942 .. 4 .... - .... 70¾- 73 71 - 73¼ 7234- 74¼ 73 - 76 73 - 75¼ 75 - 76¾ 76¾- 7"~ 76 - 77.l,, 77¼- 79 7~- 80½ 80),(- 85 Mex. Na. 1,-!ldlnc,, B.6 .... 6½- 6¼ Mich, Cent,-See N. Y.C. J.Ullw. El. lty. & L't ... ~ .... 101,,(-101¾ .. • • M.L.!S.~ W.-.see C.&N. M.& N.-SeeC.ll'.l.&S.P. ll'.llnoeap, & St. Lo11isl8t, con., 1934, g .... ~ 106¾-108 107 -108¼ 104¼-107¼ 1003,,a-105 101 -106 106:J,(-107¾ 106¼-107½ 107 -108 106 -108 108 -109¼ 106½-109¾ 108¼-110 - .... 142½-143 .. . • l8t, gold, UJJ7 ... ..... 7 .... - .... 125 -125 .. .. Io.. Ext .. 1st, 1909... 7 .... - ....... .... Pac. Ext., 1st. 19~1.ti .... - ........ - .... 128 -128 lUo. Ko.n. & Texas-' 1st, irold, 1990 ....... 4 85¼- 90¾ 87 - 91!):! 84¾- 88¼ 82¾- 87 87 - 90 86¼- 89¼ 89¼- 90¾ 89¼- 92,½i 87½ -90 88 - 91 90 - 92¾ 89 - 91¾ :ld, income,, 1990 . . ... 4 63 - 67¾ 60¾ - 65¾ 57 - 62 57¼- 61¼ 59 - 62¾ 62~ - 63½ 63¾- 67 63¼· 6tl¼ 61½- 65¾ 61¾- 64½ 63¼- 66¾ 65 - 69¾ 1st, exten., ir .. 1944.~ 83¼- 83¾ .. .. - .. . . . . .. - . .. . . . .. - . . .. .. .. 88 - 8~ M. K.& T. ofT,, 1st.~ 81½· 83¾ 81~- 85¼ 80 - 81½ 80 - 81 80 - 82¾ 81¼- 83½ 82 - 84¾ Sil¾- 89 83½- 85 83 - 83 8!¼- 89¼ 83 - 83 K, C, & P.,bt, 1990.4 71 - 73 73 - 7! 70½- 71 72 - 72 74 - 74 73 - 74 75 - 75 75¾- 75¾ 72 - 74½ 73 - 73 72 - 75 73 - 76 Dall, & W., 1st, '40.~ 80 - 8?¾ 83 - 84¾ 31¾- 81¾ 'i5 - 75 82 - 83½ 82 - 83 81 - 81¼ 8234- 88¼ 80 - 80 .... 83 - 84 Mo. K, & E.-lst, '4~ .• ~ 94 - 97 95¾- 99½ 96 - 96¾ 93¼- 93¾ 95 - 97¼ 96 - 99½ 99 - 99½ 99½-102 101¼-102¼ 98 -100 99 -102¼ 101 -101¼ l.lliHon ri Pacificht consol .. ........... .. 6 94 - 98 95½-100¼ 93 - 98 94 - 96 94 -100 100 -102~ 102¾-101¾ 104%-107¼ 104 -100 104¼-106 102½-10! 104 -110¾ 3d, 1906 ............... 1 10~ -109 - .... 108 -108 103¼-109 104 -108¼ 108¼-110 110 -112 111 -112 lll½-112 112 -112¼ 109¼-111 112 -114¼ Trust, gold, 191 '7 ... -~ 65½- 72 72 - 79½ . . . • - • • . . 73 - 78 77¼- 78½ 77¾- 80 80 - 87¾ 80 - 83 80 - 81¼ 81¾- 84¼ 83),(- 92¾ ht, collo.t., g,, 19~0.~ 65 - 71¾ 68 - 72¼ 62 - 65 60 - 64 65 - 72 71½- 73¼ 72½- 77¾ 77 - EO 7634- 7d½ 71 - 76 73 - 76¼ 77 - 90~ Pac. of Mo.-bt, ext..4 105 -106 103 -104¼ 102 -102 103 -103 100 -103¼ 103½-103¾ lOa¼-103¾ 103¾-103¾ .... - .... 105 -105 105¾-106 104 -107 !ld, 1938, ext ....... ~ .. . - ... . 106½-106¼ .. . • - • • .. . .. • - .. .. . . • - .... 105½-109 106)4-106¼ .. .. - ... 105¼-106 108½-109 108 -108 111½-111¼ St.L.&I.M . ..\.rk.B.ex.~ 106¾-107 107½-108 102 -102 104¼-10434 .... - .... 105¼-106 105¼-105¾ .... - . ... ... . - .... 106¼-107 .... - .... 106 -106 ht ext., 1941 .... 4¼ 109¼-110½ 107:Ji-108 .... - ... ,107¾-108 . ... - ... . . ... - .... 107 -107 .... - .... 107 -107¼ 107 -107¼ 108· -108½ 'ld ext,, 1946 .... .... ~ . ... - . . . 105 -105 105 -105 ... - .... 102¼ 104 105:>:(-106¾ 106½-107½ . . . - ... . .... - ..... ... - .... 106 -107 L06 -106¾ Gen.con8ol.& I. ir .. ~ 88 - 92 88 - 94¼ BS - 92½ 86 - 88 SS½- 95 91),(- 95¼ 95~-100½ 98¼-100½ 97¾- 99¼ 96 - 99¾ 97 - 98¾ 98 -105J,( t-tamped, guar .... ~ 87 - 89 86 - 92¼ 88 - 88 87 - 88½ 90 - 93½ 92 - 94 97 - 97 100 -100 .... - .... 96 - 96½ .... - .... 98 -101 Mobile & Ohlo-New .. 6 121 -122 123 -123 120 -121 .... - .... 118¼-118½ 119 -120 120 -121¼ 122 -122 .... - . ... 122½-124 125 -125¼ 124 -125 l8t, Exten,, 1917 .... 6 .... ... - ..... ... - ........ - ........ - .... 116 -116 Mootgom. Div,, l8t.. ~ .... 97½- 97½ 97½- 99½ 99¾-100 98½-102 100¼-102½ 100½-102 102¼-104 104,¼-100 Gen. mort., 1938..... 4 77 - 80 76¾- so~·, 72 - 77½ 70 - 74½ 75 - 7834 77 - 78½ 7i¼- 73 78 - 81 76¼- 77¾ 77 - 78½ 77½- 82 81 - t:33( Mor.• .. &1'.~!-1.-See lil,J>. _ _ _...: f' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - ··•· - ....... ....... . RAILROAD BOND . 75 l!!!,UtiJ-{:,outtnucd. JANUARV FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGU!lT. ,SEPT'BER. OCTOBER [ 'lOV'BER. 0E<''BER. BONDS _ _ _ Low.Hlllh C,ow.Hlllh Low.Hlllb Low.High Low.Hlllh Low.Hllll> Low.Hlllh Low.Hillb Low.H igh L•w.Hl2h ,l,nw High Lnw.Iliirh I Naab. Ch.& St.L.-ht.7 130¾ 131 13t -131¼ 128¾-131 128 -128 129¾-131½ ... - ..•. l28½-12S¾ 129 -131 Consol.1r., 19~8 ...... ~ 103 -103% L03½-105 102¼-104½ 100 -100 100 -102 102½-102½ 102 -103 100¼-104' '!iew York ('entro.1!li. Y .C. & II., ht, cp .. '7 116 -116~ 116¼-117¾ 115 -ll!l¾ 113¼-115¾ 115 -118 119 -119½ 115½-116½ 115¾-117 Reul,itered ........... '7 116¾·116¾ 116¼-117¾ 115½-115}1i t13½-115 116¾-118 115¾-119 .... - ••.. 115¾-115¾ Deb .. l~S4-1004 ... ~ 110¼-111¼ lll¼-112 106¼-108 106 -107½ 10. ¾-10;)¾ 110¼·110¼ .... - .... 111 -111 Registered ......... ~ 110~-110~ 101"¼-111:J;t 107 -108~ 106 -106 lOJ¾-1097-{ ... - ... 11()%-110¾ .•.. - .•.. Deb •• ir .. '90-100.l.4 104¼-104½ L04¼ -105 . ... - .• 102 -102 102¼·104¼ 10¼ -1Cl4¾ ..•. - .... 105 -105 ltf-g ',Hered..... 4 . ... - .... 101¾-104¾ •••• - .....•. - ~~~~~:;;;~•d~~~::.~:: ~~.~¼=1~~ !~! =!~! !~~~~:½ ~~~ =1~~~ 1~~1~~~ ~:~!~!~ 104¾=1~~ :::• l!l0 -l!l0 102¾-104 131 -l!ll¼ l!l2½ l!l3 101:1,(-10! 1103¼ ·106 1:·3 -l'.l3 107 -l07!4 116¼-116½ 117¾ ·117¾ 118 -UF! ..•. - ••.. 118 -118 117¾-118 108¼ 1 ~ 109¾·110¾ 111 -111¾ . ... - ........ - .... 110¾-lll¾ .... - .. • . 106¼ l0•Jlh 105 -1Cl5 = :::: 1~·4·ll(~l~~ 118 -118 110 -110;( 109 -110 10! 10-1 ~~~¼~l~l~ i1~~ ~l~~~ ~~~=l~~ Gold, 1997 . ...... .. 3¼ .... - . . . . . .. - ........ - ........ - .... 107 -107 105¼-105½ 106½-107¾ 107¼-107¼ 107¼-107½ 108 -108 109¼-110 Jt,·iri,.tered ... ... 3¼ .... - ....... - . . ...... - ........ - .... .... - ... . 104¼-lM¾ .... - ........ - ....... j1·'8 -108 .... - .•.. H rlem-ht,couJ> ... . , ... . - .... 109¾ ·109½ 109½-109½ 109 -109 107¾-107¾ 107¼-107½ ...• - ••...... - .... 107 -107 108¾-108¾ 105¼' 105½ 105¾-105¾ Re"iMlercd ........... 7 109¼-10:J~ .. . ... - •.•..... - .... 10';¼-107¼ . ... - •... 107)4-107½ .... - .... 104¼-lCIS 105}.( 105½ 1C5¼-106¼ Wflllt ~bore, auo.r .. 4 108½ 111> 109 -110½ 107 -110¼ 102¼-107"' lOfl¾-108 108¾-110½ 108 -109¼ 109 -110 109 -110 109¼ -111 110¼·112¾ 112 -113 Ri•iristcrcd ........... .4 108¾ 109½ 109 -110 106 -lOIJ¼ 101¼-107 106 -107¼ 106¾-108½ l~-108¾ 108ll(-109U 108:J,£ -109½ 108¾·110 110 - 111¼ 109¾-112~ Be('cb Creek, reii .... 4 .... .... 106 -106 - ... ..... - ... . 108 -108 Lnke ~bore, coll ... 3½ .... 94 - 95 94'¾- 96¼ 94. - 96 94 - 95¼ 94¼- 96 96 - 97 96½- 99¾ Rt•1tis1er,.d ..... . . . 3½ .... - ........ 9!¾- 95 94' - 94 94' - 94' 93¾- 95 95½- Pfl¼ 96¾- 97 .!U it-b. Cent'I, coll .. 3 ½ ... - ..•. 9114· 92¾ 92¼- 95 93).(- 95 93 - 94 93 - 9-l 94 - 95~ 95¾- 98¾ ltei.:i,.1er d ......... 3½ ... 91 - 91 93 - 93 , I n.rf. Uitu1n. Coa.14 .. .. .... .... - . . . . 95 - 95 . ... - ........ lt.W,&O.,cou.ts1 . .: L21¾·123 t ~2 -122½120 -122½ .•. - ••.. 119¾-121 121¼-121¾123 -123½124,¼-124½125 -1"25)..dl24¼-128 128!,:( -130 129 -130¼ · . L & So.- hl, g ... •1 . ... - . . 121} -126 . . .. - .•. . 123 -12!!;14 ...• - ••.....• - •......• - •... 123 -123 123¾{-123¼ 123¼-123~{ '(tlcn.& ll l . ltlv •• gu.4 . .. - ... - .. 107 -107 ... .' - •••....• .L. '"'• & .U ◄ o., dlv' .... 1 106 -106 106½·106½ .... - •... 10!¾-104¾ ...• - •.. . 102 -102¼ 102¾-102~e 102¼-102~ Rufi. & Erle, new . . . , l02~-ll2½ - •... . ... - ••.....• Det.non.& ..... 1 SL., ... - . . . . ... - ........ - ... . 121 -121 . ..• - ••...... - •....... - .. •· ..•• ht consol .. coup . ... 1 l0i¾-109½ t0P¾-109¾ 108¾-110 t07 -107¾ 108¼-109 ..•. - . .. . . .• - ••• .- 105¼-105% 107 -107¾ 106¾-108 ... - .. . . ... - ...• ht conl!lol., reg . . ... 1 .... - ... . 109½·1! 9¾ 105¾-109 105½-105½ 105¼-107 105).(-107¾ 105¾-105¾ .... - •... 106¾-106¾ 105¼-105¾[106½-107 11(17 -107 ·2d con sol .. coup .... 1 119 -110¾ 120 -120¼ 119 -119 116½-116¼ ...• - • . .. 115¾-115¾ ...• - .. .. 116 -117 . ... • •. .... .• - •... i .... - ••.. 115¾-116¾ ·~dcoosol .• rea . . ... 1119 -119 119¾-119¼110 -119¾119 -119 118 -119 115¾-115¾••·· - •....•.. - ........ - .•.....• - ···· j115¼-115½ 11s!)a-115¾ -Gold, l!tn7 . . ....... 3¼ 104¼-106~ t06 -106¾ 102¾-105~ 102 -102 103 -105 104, -104% 104 -10!~ 1C4'¼·106¼ 105¾-106½ 106 -lOi¼ 106½-10 : ¾ 1106 -106¾ Re1tl,.tered... . .... 105 -105 ..• - .... 103 -103¼ .• - • .• . . .• - •.•. . .. - ••. , ... - •... 105!'.(-106¾ .... - ........ - .... 107¼-10i½ 1105lJ.(-106¾ ll1~:~~:~.~~:!: J:!:~ f t~~;~~~i ... :::::::.: 9 1i~¾=ll4¾ tis7/4=1;s~ 1~s =1i4¾ : ::: = :::: ~:¾=~:¾ !~!¼=~:¼ 19 ~ 121 -121 lleirlstcred ...... ... ~ 125½-12J½ .. M.or11raae. 19 4 ... - .. 106 -106 Re11:181ered .... ... .. 4 108 -108 n ............ ....... ,o ... . iio :1io·· 11.2 =1i2.. ii;;;1a:1i4~ n5 =1ii •. ii2 =112·· !~!½=!:!¾ iio½:1i2 .. jii.i =1i2·· 105½=105¾ ioa¼=l03½ io2¾~102~ ::: = ·•·· · ::: = :::: ioii¼=105¼ ios¼=101·· io-; =1cis .. io·t - ... . 121 -121 - .... 121¾-121¼ .•.. - =l·.4¼ io4·¼=104¼ · ..•. - . . Y. Chic. & St. L.1 t .. .. . . . . ... . .. . . 4 106¾-107¼ 105¼·107¾ 103 -105½ 100 -102¼ 102¼-104~ 103¼-105 105 -106 105½-107 105~-107 104¾-105¼ 105 -106 1051}.!-106¾ lteirlstered... . . . . . 4 . . . 10! -104 . . • • - • • • . • •• . . . . . • •• - . . . . . •• • - . . . 104' -104 .•.• ' ' , y N. ll. & llo.rtt'dCoo.db. ct .. a.II ins.pd. H5 -150 - •... 161 -162¾ 170 -178 - ••.. H5 -Ho 145 -H5 150¼-152 155 -157;¼ ..•• - •... 159½-160 160 -161 -. •... .. .. N. \'.&~.Eoir., 111t.1 . ... - .... 119 -119 .•.. - •••. 119¼-120¼ 120 -120½ 121 -121~ 121¼-121¼ .... - ..• . 113¼-113¾ lU -lU ..•• - •.•. 115 -115 I t,190;} . . ..... .... .. 6 ... • ••.. 116 -116 - • ... 126¼-126¼ . • • . Houlln.touic, coo8ol .. ~ .... . •• Y & No. '-,,tt N. \ .• C • .!Ii. Y. Ool. & West'n1 t , irold ................ ~ 107¾-lQS¼ 107¾-108 106 -108 100· -106½ 107 -109 106 -106¼ 106 -106¾ 106¾-107¼ 107 -107¼ 1073,4-1077~ 107~-l~ 105;¼·106~ 96¾- 97~ 96½- 98½ 98¼- 9P!':( 99 -100¼ 100¾-102 KrC. , ht, 1992 .. ... .. . 4 9i¼ 100 100 -102¾ 96 - 98 98%-102¾ 102 -103 102¾-103¾ 102¾-105 - .... 101¾-101¼ .... Reiriste ed....... . . . 4 .... • ~. & W. -See ~'.rle. •Nor i. & So. - ! 11t, '41..0 . ... - •... 105 -105 - •.. . 102 -102 ·. · · ,11-orfolk ..\; \Vestero- .... 120¼-120½ 121¼-121½ 122 -122 123 -123 , . .. G.-n,·rn.1 ... . ............ . 6 .... - .... 124¼·125¾ 120 -120 - ••.. 127 -127 - ..... ·.. - ... . 12¼ -124, 124, -124, • • • • - . .. . 128 -128 ·!lie w 1tive1·, lt1t ....... 6 ... - ..... . . - .... 118 -118 - ........ - •.•. 117¼ ·117¾ ... . ·11111p. & ext., 1934 .6 117~ ·119¾ 117 -117 89 - 89 <" Vn.l. & N. E., ht.4 83½- 85 89 - 91½ 90 - 92 92 - 9¼ 91¼- 93~ 94, - 97¾ 84~- 87½ 86 - 87 · 82 - 84 82¼- 86 86 - 88 81¾- 83¾ 83¼- 87¾ 85 - 86 ·.& W ltJ",, lst,con.4 79 - 81¾ 80¼- 85 82¼- 84 83¼- 87 86¼- 90 78½- 81¾ 74¾- 79¼ 77¼- 81¼ 81 - 83 'Northern ra.clfteG n. ht, ln.ud irro.nt.6 116 -117}11 l16¼-119½ 112 -118 ll3 -lH ll{¼-116¼ 115 -117½ 112¾-112½ lli -lU 113 -lU 116¾-117¼ 117 -117¾ 117 119 Registered ........... 6 llfl¾-117½, ll~-119 112 -114½ l13¼-113U lU -115 116 -116 . ... - .... . ... - •.•. 112¼-lH 116½-117 ..•. St. Paul & No. Po.c .. ti .... - .... 126 -126 124' -124' ..• - ... 129 -130 . ... - .... 131½-131½ . ... - .... 131:J.1:-131¾ R~ gistered cerLit' 11.. . • • • - . . . . . •• . •• • • • . . •• • • . 121½·127 127 -127 - ••.. 130 -130 .•.• - ... .. . No. I"n.c.Te1·.Co.,ht .ti 10! -107 105¾-107¾ 105:l(-106>,f - ... . 107 -110½ 112 -113¾ 110½-112 112¼-114: 112 -112 115 -115}!, 116 -116 115 -115¼ .No. Pac. lty.-Pr. lien.4 95 - 9i¼ 94¾- 97¾ 93 - 96¼ 90¼- 93½ 91¾- 061-1! 96¼- 9S¾ 9;¾- 99¾ 99~-101¼ 100¾-101¾ 100¾-101 100:J.l:-102¼ 101½-103 Retlistered.............. 95¼- 95¼ 96 - 97,4 93½- 94'¾ 93 - 93¼ 93¼- 93~ . ..• - .... •·· · - .... 100 -100¾ 99½-101¼ ...• - .... . ... - ........ General lien, 2047 .. 3 60¾- 63,l,si 59¾- 633-f! 57¼- 62 57 - 60¼ 59 - 61¾ 61¼- 62¾ 62}(- 65}4 64' - 68 66¼- 69 66¼- 67¾ 65¾- 68 fl7 - 70 '..Vo. h. Ceot'I, 1st ... 4 .... - .. ... ... - .... ... 88 - 90 88 - 88 88 - 88 •Obie Ind. & West.-£u C. C. c. & St. Louis .. •Oh. & lUIH.-See B.&O. -Ohio ltiv.-ht, ar.,'36.;) 102 -192 • . • . 81 - 83¾ 83 - 83½ 83 - 85½ 84 - 84 • • • • ,Ohio Sonthern-lst..... ti 80 - 83 81¼- 84¼ ... • Ge .1., guld, 19~ 1. .... 4 11 - 15 H½- H½ ... 8 - 8¾ 8 - 9 •••• - •.. ••••• 10 - 10 10 - 10 Tru11t receipts........ 10½- H~ 8½- 8½ . . • • 76½- 76).{i 76 - 76 80 - 80 78½- 78½ 76½- 79 76 - 80 •Om. & St.L.-lat, '01.4 82 - 82 75 - 80 80 - 82 so - 81.1 - • • • . 78 - 80 Or. & Co.1.-See So. Po.c . •Oreiion lmp1·uv. Co.1 t . ..... . ............... . 6 ... - ... 109 -109 109 -10:)¼ ..• - . • . - . .• . ••• Truttt receipts ......... . 103¼-lll 109 -112¾ 104½·108 t00¼-106 106 -110 111 -lU . ... - ......• Con. !ls, lnsto.lm't pd .. *46¼ -§60¼ §55 - 62½ §51 - 59 149~- 57~ 353¼-4<60~ •59 - 61½ . ••• - .....••• -Or. RR.. & Nn.v.-Cou.4 U4¾ · 96 114'¼- 97 93 - 95 89 - 93 92 - 96¼ 9!¾- 96 05¾- 97¼ 97½·100¾ 99 -100.ii 99M-100¼ 100¼ ·101¾ 99 -100!}.! ~;::: :~:! ~~:;=~:~:: ~~!¾=!!~¾ ~!! =!!!¾ ~!!~~!!!¼ ~!~ =~~~ ~~~¼=~¼ ~!!¼=!!~¼ izs*12s·· ~:¼=!!: -0~:~~:1£:°t;•~~::: --100 .. -1<)2 '6"-101 06 !!!½=!!~~ !!!¼=!!! 1 ;.28¾=130¾ !!!¼:!!~ :1~~ ::~::: ;:,,:,~- ; ~ :1:~ ;~:1;;·· ;~":,:~ ;:,:1:J::~~ -100 ., Non-cum. inc., A ...... ~ 58 - 67 M - 69 59½- 66 59½- 63¼ 60 - 70 70½- 74¼ 73~· 79¼ 79~- 81½ 73 - 75½ U¼- 77 76 - 83 j 83½- 85M Non.cum. inc., B ...... :} 39 - 4c6 4.4 - 4'9 4'5 - 4'9¾ 4'0¼- 4c7 4,5 - 50 60:J.1:- 5¼ 53 - 57 56¼- 58)4 56¼- 58½ Si~- 58½ 57 - M 63½- 67~ Pnciftc Coast Co.-ts,.~ .... - .... 102 -103 102¾-lM 103¼-106¾ 103¾-106 104¼;-1%¼ 105~-107¾ 103¾-105 ,Pennsylvo.nla Co.l11t, coupon•••••..•• 4¼ 113 -lU .••• - • . .. 110 -112½ 108 -110 108½-111¾ 112 -113½ 112 -1131).( 113 -113 lla •lH¼ 114: -lH¼ lU¾-115¼ 115¼-116 Resistered. .•.• ... . 4¼;•... - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - .... 110 -110 . . • • - . • • • • • • - . . . . . • • • Guar.,reir., 11)3')', .. 3 .... - ........ - . ... . ... - ........ - ........ - ........ - ........ - ........ - ........ - .... 102 -102 ...• P.C.C.&8t.L.,Sr.A4~ lll¾-112¼ 113 -113 111 -111 ..•• - •••• 109¼-llO 110½-110~ .•• , - ••• . 112¾-112½ 112¾--113 - ... . lll¾-113 114: -114'7-t Seriel!J B., 194Z ... 4~ 111:14-113 112¼-113 .... - •.•. 109 -110¼ 108 -l0li¼ 110¼-lll~ ..•• - •.. 112¾-112½ 113¾-113¾ 111¼-111½ .••• Serles U.194~ . ... 4½ .... - ........ - .... . ... - .... 113 -113 Series D, t 94:; ..4 . . . . - . . . . . . . - . . . . . . . . . . . . - .... 104¼-104¼ . . . . - . . l0t -lOt 106 -107 I i 4:th instalment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15th in 11talmeot paid • All ios u lw t. nts oa.ict. RAILROAD Bo . . .-n 1898-Cootlnued JANUARY FO:BR'RY. BONDS. MARCH. APRIL. MAY. JUNE. JULY. ----1-----1-----1-----1---- _ _ _ _ _ _ _ _ _ _ _ Low.Hlg~ Low .Hi/Ch Low.Hl~h L'lw.Hhrh 1 Petinsylv. Co.- Con.)- .... 106!J;!-106¾ .•• .P. Cln. & et.L.-lst.1 .... - .... Pitts. Ft. W .&C., 1st. '7 UO -140¼ . . . • 2d, 1912 ..... ........ , 14.0 -HO .• .• - •.•. UO -UO . ... - ... - .... .... - ... . 109 -109 Cl. & Pitts., con.,s.f.7 .... St.L.V.&T.H.-2d.7102 -102 ..•• - •.•..••. - ... . - .... 102~-102¾ .••. 2d, aun.r., 1898 . ... , .... - AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEC.BER.. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High - •••. 108 108 140 -140 HO -140 •••• - •• 107 -107 •••• - . . •• - ••.. 140 -140 •••• - - •••• 108 -108 - .... 141 -141 ... . - ... . 141 -141 ... . - ........ - .Pennsylvn.nla RR.U. N.J.KR.& C .. a-en.4 .... - .... 115¼-116¾ ..•• - ....... Peo. Dec. & Evn.nsv 98 - 98 101 -101¼ .••• - • •• • 99 -100¾ 99 - 99 1st, 6, Trust Co. ctfs. 99¾- 99¾ . • • • - • .• . 99½-100¼ 95 - 95 98 - 99 Evn.nsv. Div., 1st, ti, 99 ·100 96 - 96 96 - 96 95¼- 95¾ ...• Trust Co. certific'ts..... - . .. . 96 - 96 •••• 94 - 94: - •.•. t15 - 17 t18½· 18¾ .... 2d, 19~ti, ~.tr. rec ........ 20 - 20 P.& E.-see c.c.c&s.L. Peo. & Pekin Unlonlst·... ................ ..... 6 .••• - .•...••• - ••..•••• - .... 120 -120 120 -120 •••• - •••.•••• - • •• • 85¾- 85¾ .••• - •••••••• - •••• 90-PO •••• 2d mort., 1921 ..... .4~ .•.• - . •• . 86¾- 86¾ .••• P.C.C.&St.L-See Pa.Co. P. C. & Sr.. L-See Pa. Uo. . .•• - • • • • . . • • - •••. 107¾-107½ . . . . - • •• • • •• • - • • • . . • •• Pittt1b.t;I. & Tol. - lst.ti ..• _ . . . . . . • • _ • • • • • . • . - ••....•• - •... l21 -121 •... - •••• Pitrsb. Juncrion-1 st.ti .... - ......•. - •••.• ••• • - • . . . 90 - 00 . . • • - • • • . • ..• _ . . . . •• . Pittsb. P. & F.-lst .. i> •••• _ • • . . . . . . _ . . . • . • . • _ Plttsb.l!Sh.&L.E.-lst.a 107 -108}4 lQS¾-109 108 -108 104 -105½ 104¾-106 106 -108 106 - 107¾ 108¼-109~ 109 -110½ 109 -111 lll¾-111¾ 111 -112¼ 90 - 91% 91½- 95¼ 94~- 95¾ 95¼-10<».( 91 - 93 84 - 89½ Si - 93 80 - 84 'i6¾- 81 Plttsb. & \Vest.-lst .. 4 77 - 81:):f 81 - 86½ 79 - Si 51½- 57 . . . . - •... 46 - 50 . . . . 45 - 53 39 - 40 Gold, 1891-194 L .. . a 84¼ 80 81 77!1:(84¼ Si¼- 89 Readina--Gen., 19~1.4 83¼- 84¾ 82¾- 87¼ 79 84¾- 86¾ 81!,i- 84¾ 82¼- 81¾ el¾- 84¾ SO¾- 82% 80¾- 85 Rich. & Danv.-See So. 91 - 91 ... ..... ........ 92½- 91¾ . . . . Rio Gr. J11nc.-l11t .... . o 00-00 M-M 71¾- 73 71¼- 71¾ • . • • Rio Grande So.-18t. a 'i5 - 76 87 - 88¾ 88¾- 91 88 - 90 Rio G. W .-1st, 1939 .. 4 81¾- 84¾ 81 - 851}.1 79 - 82¾ 78¼- 81¼ 80 - 86¾ 86¾- 90 87½- 89¾ 88¼- 91 89¾ - 93 R. w. & o.-$ee N.-Y. c. St. Jos. & Gr.18land80¾- 84¾ 81 _ 84 78!1:(- 79~ 79¼- 81 80 - 81 72 - 75¼ 76 - 80¾ 78 - 80 68¼- 70 70 - 74 72 - 76 2-3-4 70 - 72 lst, 1941.. .. . St.L.&I.M.-SeeM.Pac. 12 - 77 74 - 75 77 - 79½ 7~- 78¾ 78 - 82¾ 78¾- 81 · 78 - 79½ 78½- 83¼ 82½- 8~ St. L. & !"i. F. RR.-lf.. 70¾- 75¼ 69 - 73½ 72¾- 77 97¾- 97!J,t 96¼- 96¼ 93¾- 96 94¾- 96 95 - 95½ 95½- 97~ .•.. S. W. Div., 1st, '47 .. :; 04 - 95 9ii¾- 95¾ 90 - 90¼ 91 - 93½ 93¾- 95 St. L. & San F ran.2d, class A, 1906 ..... ti .... - .... 116 -116¼ 115 -115¼ 114 -114 111 -111 .... - ••. 114 -lU .•.. - ••....•• - ........ - ........ - ... .. .. _ .• Class B, 1906 ... ....... ti 115 -115¾ 115¾-116¼ 114¾-116¾ 114 -114¾ lll~-114 113~-lli¾ 113¾-113¼ 114 -115¼ 115 -115¾ 116 -116½ 113 -lU 113¼-lH~ ·Class C, 190(1 .... ..... .fi 115 -115 115½-116!,:i 113~-116 . ..• - ••.. 113 -113 114 -114¾ ...• - .... 114 -114 115 -115 116 -116¼ lll!J,( 114 113¾-114~ General, 1931 ........ ti 116¾-117¾ 117¼-119¾ 116¾-118¾ 114 -117¼ 115¾-118¾ 118¼-120¾ 117¼-118¾ 118¾-120'4 119¾-120 119¾-120½ 121 -122¾ 122.li-125 General, 1931 ........ ~ 103¾·104J4 103!,(-105¼ 101¾-103¾ 98½-102¾ 102 -103¾ 104U-106!J,! 103¾-lOi!I:( 104¾-106n 105 -106!,( 105 -106 105¾-107¾ 107¾-110 96¾- 97¼ .... - . . . . 92¼- 92¾ .•.. - . .. 96¾-100 100 -100 .... - •... 100 -100 100 -100 100 -100 1st, trust, 19S7 ..... . 5 93 - 96 St. Louis !Southw'n78 - 79~ 78¾- 81½ 79 - 80¾ 8tl¾ - 85% 70 - 74¾ 72½- 74% 72¼- 76½ 76 - 78¼ 78 - 81 73¼- 76 lst, 19S9 ................ 4 72 - 74¾ 73 - 77 85 - H~ ;31¼· 33¾ 31 - 34~ 33 - 36 31 - 35 28%- 30!J,! 29¾- 31¾ 29!J,!- 32 25 - 26 2d inc., 19~9 . ........ . 4 27¾- 27¾ 28 - 30 St. Paul & Dulutb- .... 115 -117 - :!.21 121 -117 117 . . . . lst, 1931. .. . . .. ... .... . ~ - . . . . • •• - . •• . . . •• 2d, 1911 ........ ........ ~ 107¾-108 109 -109 .... - .••. 105 -105¾ 106¾-106¾ 107 -107 107 -107!,,. 105 -105 l05!J,(-108 110 - 112¼ 8t. P. I.Ulnn. & Man. - •.. 121!1:(-121¾ 122¾-122½ ..•. - .. . . 121!,(-121¾ . . .. - .... 124 -124: 2d mort., 1909....... 6 122¾-122¾ .••. - •... . ... - •• . . 120 -12v~ 121¾-122¾ 122 -123 .... - .. .. 124½-124½ l2:l).s-123¼ 123 -124 Dn.kotn. Extension .... ti 121¾-122 . . • - •.. . 118½-121 . •.• - .••. 129 -129 12:3½-130 130¾-132 130 -132¾ 133 -133 1:!6 -137 137 -138¾ lat, consol., 1933 . .. 6 128 -128¼ 128 -129 .... - ... .. .•. Reduced to ........ .4¾ 106 -107:l( 108 -108¼ 107 -108 . . .• - •.•. 105½-l~, lcmi-108 1061,(-108¾ 108¼-108½ 108½-109 109 -111 112 -113¾ U3¾-114¼ 98lJ,!- 99½ 99¼-100 100¼-101¼ 99¼-101 101 -102¾ 103¾-103!1( 102)4-104¾ 97 - 97 97 - 99 100½-100½ 95 - 97 Mont.Ext.,lst,1931.4 93½- 97 - •....••• Rea-i11tered ... . ...... . 4 .... - . . . 96 - 96 .. .. - . . . . .•• Minn.Un., lst,1922.ti 122½-122¼ .• - ... . .... Mont.Cen.,lst,1937.~ 1.i7 -li8¼ 127¼-130 .... - ... . 118½-118¼ 118½-124 130¾-132 127 -127¾ 129 -129 126 -126 129 -130 . . . . 1st, lflln.r., 1 ~31 .. .. .> 1os -10~½ 1109 -109 109½-109¾ 107 -108 109¾-109¼ ..•. - •.•..••• - ••..•.•• - •••. 108¼-112~ ..•• E.~lnn., 1st D1v.1st . .:i 1108½-10!i½ .... - .... 108 -lOd 105¾-105¼ ...• - .•• 108¼-109 110 -110 110¼-110¾ 110¼-110½ . . . . - .... 110 -110 1 Will. & S. Falls. 1 ..11 .a . . . - . . .. . . - . .. . . .. . - .. . .. . - . . .. . . .. - ... .... . - ... . .. . - •••. 118 -113 •••• S.A.&A.P.-SeeS Pac i 1 1~-104¾ .••• - •••••••• - •••• •·•• - ........ - •••.•••• 8en.b. & Roan.-ll!lt .... Seat. L. s. & Eastern, l8t, r. rec. ass't pd ti 42 - 80 .••. - ••.. . ••. - - ......... - ........ - - ........ - - .... - - - 51···· - .... Second Avenue ... ...... 5 So. Car. & Gn..-lst .. .:; Seu.tbern Pacific Co.Galv. II.& 8.A., tst,6 . ... 1 lid, 190~ ...... M. & P Div .• 1st .. :; Doue.& 'l'f'x.. C., lst.~ Consol .. , ·g ., 1 12 ... ti lOJ¼ -109¼ .... 96 - 98 95 - 97 l07 -107 lOO -10:1 92 - 94¼ 109½-110¾ ... - . .. Gea1'ral, -ar~ 19!U .. 4 78½-· 80 org. La.. & T., lst..6 1st. 1918 .. ........... , Oreaoa& Cal., lat. . . :; !!!an An. & A.r. Pass.4 'l'exas & N. o ... 1st... , Consol . ~ .... J.943 ... r, So.!Pac.,A.riz.,na,lst.6 s,-. Pacific, Cal., ht.6 lst.,-eonsol., 1931 :; \ Stamp ., 190.l-37'.r, A 11. -& ~. W ., 1st .. .. 5 So. Pac., N.. Mex.,lst.6 . ... - . .. . .. . - .. 75 - 75 59:)s- 62½ .... - ... 96½- 9S½ 100~-103¾ 110 -).10 92¾- 96¼ . 85½- 87!4 105½-10774 93 - 95 92 - 94¾ 92 - 95 94 - 94,t 94 - 95¼ 95M- 99¼ 97¼- 99 97¼- 98!,4 95½-100¼ 10,> -102"' - .....•• - •.•..•.• - ....... - •. . . ... - ..•. .. . _ - .••..••• 103 -104¾ 105 -105 .• .. - •.. . 105 -105½ •••• - •••• 105 -105 .••• - •... 103¾·103h ••• - ........ - . . l v2 -102 94 - 95¾ 95¾- 98}1 98 - 99¼ 98¾- 90¾ 96½- 98:l( 981<( 10~ 94 - 95¼ 95¼- 95¾ 95¾- 96¾ 92¾- 94¾ 92~- 94 110 -110¾ 108½-110 108 -110 107¾-110¾ .•.• - •.•• 110¼-lll¼ 110¼-111 112 -112 111~ ·111% ll2 - 112 ll.i'fl•ll3 - •. lLl -112 . . - .••. 109¾-110 109 -109 100¼-112 .... - ... . 107 -107 . ••• - .... 105 -105 1 81 - 82¼ SO!I:(- 83½ 82 - 81¾ 82!1,!- 85¼ F3¾- 85!1:1 85¼- 87!,i 78 - 79¾ 76¾- 78¼ 78 - 81~ 81 - 82 791,(- 80 - •••.•••• - ......•• 120¼-120¾ .•.• - .......• - ......•• - .....••. - . . . . . . . - ••· .... - . .. • .••• - •... . . •• 127 -127 . .•. - •.. 127 -127 . ... ...• - ........ - •... .. .• - ....... - ..•••• - .•....• - .....••• - .....••• - .......• - ... 92:1,i- 93;14, 94¾- 9b~ 68¾ 6i¾- 7(% 7~ - 76}4. I 7'1¼- 81¼ 65!J,!71 68 70½ 64½66¾ 61¼61¾ 57 58 55¼59¾- 62¾ 66¼- 60¼ - ... ...• - •..•.. - ...•.... - •......• - ...... . - ... 115¼-115¼ 116 116¾ 110 -110 .... .. .. 98 - 98¾ 98 - PS½ 98 - 98½ 98 - 98¼ 98 - 98¾ 96½- 97~ 99 -101 100!'-(-102 102 -103 1()3 · 103½ / 03¼-104¾ 102 -104 102 -104}4 102 -104~ l C2½-1~5 104¼-109¼ 105¾-106!14106¾-109¼ 106¾-108¾ 108½-lOOlJ,! 108}6-J.12¼\lll¼ 112¾ . . . 118½ 118¼ . ... - •.. . 106¾-106¾ .••. - ••. . 109 -109 108 -110¾ ..•. - .... 109 -109¾ . . . • ..•• 98¾-101¼ 100¼-102¼ 102 -102¾ .•.. - . ... 102¼-102¾i ... - ...• 95¾- 96¼ 93¾- 96¼ 96 - 98 96 - 97 96 - 97 . ....... - ........ - ........ - .... 104¾-105 ,101½-107 82 - 83¾ 82!,i- 83¼ 83 - 84¼ 81¼- 82¾ 83 - 86¼ 87~- 88 ..•• - . . . . ~7 - 87½ 1 Sd½- 92 85 - 85¾ 84 - 85 107,(-108½ 10~-lOS½ 106¾-lOi¾ 107 -107¾ 108 -110¾ 10~-108¾ 108¼-109!1:t 108 -110 t09¾ 109¾ 109 -113¾ ••• • - •••• 8out,h.e ..u94"- 98¾ 96¼- 98½ 97 - 99¾ 99 -101½, 10-!¼-106 90 - 91¾ 87¾- 92¾ 87 - 90¾ 89¾- 9~ 93~- 96 93 - 95 l-8t.-00nso1..., 1994.... r, 92 - 93 98 - OS .... Re,ilste1ed .......... . r, .... - •..• 101¾ 105 105½-105½ 107 - 107 ... . - .••• .••• -103 103 .... ........ ... ..... ........ Mempb. Div ....4•1¼-il .... 102¾-102¾ .. .. - .••• - • •. • .• - • ••. 97¼- 99 100 -100 1100 -101 .... - . E.Tena.reor~.lien.4-r, 96 - 96 100 -100 .•.• - •.. . ..•• . ... .... - ....... - ........ - .... 118 -118 ...• - . .. . Col .. &Gr.. , Jst,'16 .. 6 .... - .•.. 107¾-108 105¼-105¾ 106¼-106¼ 106¼-106½ 106¾-107¼ 107 -107¾ 107¼-108 E.Tenn. V.&Ga.,lst.'7 106¼-107 107 -107 106¾-107 . ..• Divisional. ...... .... ~ .... - .... 112½-115 113!,i-114 112¼-112¾ 113 -114 114¼-115 114 -lH 114¼-lH¾Jlu -115 . . .. - .... 116 -117 1117 -11'1 Consol., 1st, ar•••••••. r, 110¼ 110¾ 110¾-111¾ lOS¾-110¾ 107 -109~ 107¼-109 109 -110 109 -110¾ 111 -113¾ 113 -113½ 114 -114.¾ 112¼-113!,i lU -115¾ Go.. Pac., h~, ~old ... 6 118½-118½ 119¼-121 119½-120¼ 118 -119½ 121 -122 122 -123 119 -119 .••• - •••. 120¾ 121 120%-120¾ 123 -125 125 -125 1 Kn,ox. & O., 1st, ,i•. . 6 117 -117 117 -117¼ 116 -116 112 -114ll' 114 -116 117 -117 116 -116 115x;-115¾ 116 -116 116 -117 117 -118½ .... - .... Ricb.&Dan.~con.,a- . 6 122 -123 123¼-125 122 -123 118 -118 .... - ..•. 125 -125~ 121¾-121½ 122¼-122¾ .... - •....••• - . .. 125 -125 126 -127 ..• - ....... • - ... lOi¾-104¼ 96 - 96 .••• - .......• - •.•. 104 -104 95 - 95 Debentu.-e, st'p'd . . ~ .... - .... 105 -105 .... - .. .. 96 - 96 Va. Mid.,c, 1936 .. . :; 103½-105 105 -105¼ 100 -105¼ 102 -102¾ ..•• - •••• 106 -107~ 107¼-108 107¼-108 108 -11)8 108¾-109 106¼-109 109¾-111 - .. .. 109½-109¾ 109¾-UO •••• 107!1:(-107¾ •••• , •.....• .•• . -107 107 1936, ar .. stamped.. .l 104¼-105}4 105¼-106 103,;i-103½ 102 -102 .••• - •••. - .... 87"- 87¾ 90 - 90 .. .. W.asb.. O.& W., ll!lt.4 .... - ........ - ........ - .... .... - .... ... W.N.f!rir .• 1<1t,con .fill~l16"'···· - ........ - . ... 1110¼-110¼113 -113 .... - ....... • - .... 113 -113¾ .... - ........ - . ... lH -114 tl.8¼-118~ t ~stinst.alment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROA D A ~TD :MISCELLA EOUS BO DS. 1898- Continued. JANUARY FEBR'RY . BONDS. MARCH. APRIL. MAY. JUNE. J ULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEC' B " R. Low. Ill~h r,ow.Illgh Low.High Low.High Low.High Low.High Lo,~.High Low. Hi~b Low .High Low.High Low.High Low. H igh --- ---- - - - - - - -· ---- - - - - --- --- - - - - - - ---- ---- Term'I AH'n of ""t• L.l ■t, cons., ir . , 1944 .. ~ 109 -109¾ 1.06½-107 .... - •... 105½-105½ 105½-107 108½-108½ 109 -110½ ...• - . .. . .... - .••. 109 -109 109 -110 110 -110 ht, &'Old, 1939 ...... 4¼ 110¾-110¾ 110½-110¾ .... - ........ - .•.• 109 -109 - .... 111½-112¾ .••• - •••. 111¼-111¼ Tex. & N. 0.-See So. P. Texas & Paclftc190;1 ... .......... ···· · ·· ·ti 109 -110 109 -110½ .. .. - •.••.•.• - ........ - .••. 110¼-110½ ... • - •... 108 -108 105½ 105¼ - .... 105},(-105~ bt, &'Old, 2000 .. ..... .:i 97¾-101 99 -102¾ 96¼-101¾ 97¾-100 99¾-105½ 1()2¾-106 105 -106¾ 106½·107½ 106 -107 106½-107¾ lO'i¾-110 107 -110 'Id, ll'•, Inc., 2000 .. .. . :i 28 - 34¼ 31¾- 35 29 - 34¾ 29½- 32 32 - 36¾ 36 - il 40 - 44½ 42¾- 50½ ,1,3 - 47¼ 43¾- 413¾ 44¾- 4S 45¼- 50 Third A venue tN. Y .)l ■t, 193'7 ................ :i 122 -123½ 123¼-124 123 -124 117¾-123 - ..... 124½-125 126¼-126½ 127 -121J - •••. 122½-122½ .. .• Toledo & Ohio Cent.-105 104¾-105 105 -106 106¼-106~ 104 1■1: •••••••••• ••••••••••••• •:i 102½-103½ 104 -104:J,4 . . . • - .... 104 -104 - •.•. 102 -105 104 -104 103 -105 - .... 104 -1()4 104 -104 102 -102 Weet. Div., l ■t, '3:i.:i 103¼-103½ .•.• - ........ - ........ - ..•. 103 -104 105 -105 78 - 80 0 80 Kan. & M ,l ■t,&"U.,&'.4 79 - 80½ SO½- 82¼ 80 - 82 78 - 78 ·76 - 76 78 - 78 78 - 79 80 - 80 . 79 - 79 .... Toi. Peoria & We ■ t.77 - 78!1\ 77 - 77¼ 76½- 79 78½- 81) lst, 1917..... ..... ..4 72½- 72½ .••• - .•.. 69 - 72 70 - 70 70 - 72 77 - 78 Toi. St. L. & K. C.tat, 6, Trust receipts. 86 - 90 86 - 88 86 - 86 85½- 85½ 80 - 80 85¾- 89 66 - 88 89 - 90 90 - 90 90 - 92 89½- 91 89¾- 92 Ula. & Del.-lst, con .• l) 103¼-104 103¼-103½ .... 98¾-101 101 -101½ 98 -100 100 -100 100¼-100¼ 100 -100 101 -101 100 -102½ 100 -100 Un. P., :iO-yr., ar., '4'7 .4 ..•. - .... 92 - 95¾ 88¾- 93½ &½- 91½ 91¾- 94¼ 94½- 98¾ 96¾- 98¼ 97¾- 99¼! 97~- 90 98¾-100 99¾-101:J:f 101¾-105~ - Reartstered ............. 4 ...• Union Po.clOcl ■ t, 1896, 6, • ....... - ......•• - •••.••• - ••..•.•• - •••. •··· - •·· · .... - .... 98¾- 98¾ .... - .... 99¼- 99;¼ .•• - • .••••• - .••• Tru ■ t rec'pta, ex. mo.I:. cps . 116¼-125½ 127¼-127¼ . •• • - 1st, U~9'7 ............... ti 103¾-103¼ ••.• - .•... •.• Tr. rec. ex. mat. cps. 113½-125¾ 126¾-126)4 •••• 1st, 1S98 .............. . ti 103 -103 . .•• - ....... . Tr. rec. PX , mat. cps. 115 -124 lat, 1S99, 6. Trust rec'pts, ex. mat. cp11 116½-124½ 129½-129½ .... Coll. tr., 4½s, tr, 1·ec...... - . .. 51 - 51 45 Gold notes,6:l½% p.pd 43 - 47¾ 50½-- 50½ ... . Ext.•• t., S, nu11t rec. 113~-125¾ 133 -134½ .... Porch. money certs ... lll¾-124¼ 125 -126:J,4 .•.• - 45½ 44 - 44 45 - 48 47 - 48¾ 48¼- 69¾ 55 - 55 56 - 59 57¾- 61 61 - 65 65 - 68 - Kan. Po.c., 1Mt, 1S9~.ti Tr. rec. ex mat. cp . . 118 -118 122½-122¼ ... , lat, 1~9ti, ti, Trust rec., t"X•mat. coup . 112 -118 121 -125 .•.. Den.Div,, n11 - t . .. ... . ti 120 -120 Tr.rec.,ex-mat,cp. 117 -120 127 -131¼ 120 -120 lat, com10l., 1919, ti, Trust receipts...... Si¾-103 103½-115¾ 97½-107¼ ..•• U.P.L.& C., 1st, gu .. :i 33 - 33 35 - 39 .... - .. .. U.P.D.& G., l11t con.a Trust Co. certlfs. 48½- 57½ 54½- 58¾ 50¾- 59 49½- 54.¾ 51¾:- 58~ 58 - 63 62¼- 73¼ 73 - 79 74¼- 77¼ 7d¾- 80¾ 79%- 86 84½ - 88¼Va. Mi·d.-See ~outbern. Wabashht, u-old, 1939 ....... . ~ 107",i-108~ 107¾-110 104½-108 105¼-108 105 -108¾ 108¼ 110½ 109¾-1107~ 110¾-112¾ 111¼-112 lll¼-114¼ 111 -112\.. lll½-113¼ 2d mort., gold, 1939.a 80½· 82½ 78 - 82¾ 74¼- 79¾ 75 - 77¾ 77¾- 83¼ 83¼- 86~ 86 - 91½ 88½- 90)4 88 - 90~ 87½- ll9ll( l 89¾- 92 9J½- 95 Deb. inc., 1939, B .... ti 27 - 29¼ 27¼- 28 22½- 24 21 - 22½ 25¾- 28¾ 27 - 28½ 27¾- 28½ 28}4- 39 31 - 36 30½- 33!4 30!4- 34 ¼ 33 - 36 D. & Ch. Ext. J 940 .. ~ 99 -100½ 100½-104½ 997,i-102 97 -100½ 1()0¾-103½ 103½ -105¼ 102 -104 103 -104½ 105 -105¼ 105½-105¾ 107 -108 107¼- 108~ St. L. K. C. & No.l!lt. c. B'u-e,lst,'0"'.6 110 -110 ...• - •.. . 108¼-108½ .... - ..•. . •. - .... 110 -no Western N. Y. & Pa.1st ....... . .... ...... ..... :i 106 -108½ 108 -108½ 108½-108½ 103 -105 107 -108 108 -110 107¾-108¾ . . .• - .... 107 -108¾ 108 -109)4 108¾-110 110 -111 Gen'l, 1943, a-... z.3.4 48 - 51¾ 51 - 55 50¾- 52¾ 47¾- 52¾ 51¼- 52½ 52¼- 53 53½- 55 56½- 59¼ 56 - 58:J,4 53½- 55 53¾- 56 ½. 53¼- 54~ 13 - 14¼ 14 - 15¼ 14 - 15 Incomes 19-13 . ...... .. :i 10 - 15 14½- 16 13½- 13¾ .... 15½ - 16½ 14½- 15 13¾- 13½ 14 - 14½ 14!4- 20¼Wheel'&' & Lake Erielst . ....................... ~ 100½ ·100½ 101 -101½ 101¼-101¾ .... - •... 103 -103 - ... . 103 -103 - .... 100 -100 100 -101 103 -104~ Trust receipts .. . .. lOQ¾-101 •••• - •.. . 100 -103 ..•• Wb.Dlv .• lst, a-,,'28.:i .... - .... 108 -108 100 -100 . . .. - ... . 90 - 90 .••• - ••.. 90 - 90 .••• - ... • Ext.& Jmp .ar.,1930.~ .... - ........ - ... . 92¼- 92½ .•.• 58 - 57)i Consol,, a old. 1992 .. 4 .... - .... . ... 35 - 35 .. l. 39 - 49!,:( .... Wisconsin Cena.'I l:o.ht, iiold, ~. trust rec.. 33¾- 45 39¼- 45¾ 35½- 43 36¼- 39 38¼- 43¾ 40¼- 43¾ 41 - 49¼ 4.7¼- 55 5~¾- 57¼ 54l4- 61½ 59¾- 64¾ 61¼- 64¾Income, 193'7 .......... :i 5 - 7½ •••• - ...... . . - ••.. . ••• - ••• . .••• - •••••••• - •••• 4 - 5¾ 5¾- 5¾ 5¾- 7¼ 6¾- 7¼ 7 - 7 GAS AND ELECTRIC, Boston U nlted Go.sTru t ctfs., sink. fd .. :i 90l4- 91 ...• - .... . . .. - . . . . . • . • - . .. . • • • • - , • • • . .. • - . . . . . •. . - . . . . 91¾- 91¾ B, ooklyn U. Gas-1st :i 112¾-114 112½-114¾ 112 -113½ 109½-112½ 111¾-114½ 114¾-115 114*115 114¾-ll5)4 ll4 -115½ 115¾-116½ 114¼-115 114½-117 - . . • • . .•• ._ 89 - 94 91¾- 95½ 91¾- 92¾ 92 - 95 Det. C.ty Gas.-19:l3 .. :i .... - ........ - .. . 93 - 94¾ 93 - 94 93½- 95¾ 95 - 99~ Detroit Go.aConsol. 1st, 1.91~ ... l) 96 - 96 96¼-103 95 - 95 92 - 92 90 - 90 91 - 91 95 - 95 91 - 94 Edleon Elec. lllum.lst, 1916 ........ .... ~ 112 -112¾ lll¼-112¾ 109 -109½ 108 -109½ 109 -109¾ 111 -111½ 111 -111 lll¾-112 110 -110 110 -no 110¼-110¾ llC¾ 112 lat, consol., 199~, ll'•l) ll5½-117 116 -116 114¾-116 114¼-114¾ ll4¾Clla:J,4 117~-119 115½ -116½ ll7J,,£-ll7¾ 117¼-117¼ 117 -ll7 120 - 120 G&neral ElectrlcD eben., i. old, 1922 .. :i 100!4 101!4 100½-101¾ 100 -101¾ 96 -101¼ 101 -104 102½-104 104)4-105 105¾-108 .... - .... 108 -109 109 -110X? L07 -108 Pac. Gas, St.L.-lat,ll'.~ 103 -105¼ 102¾-104¼ 100¾-103 100 -101X! 100 -103 103 -105 104¾-105¾: 104 -105 104½-105¼ 104¾ 105¾ 104½-106 lOii¾-107 People'i,' G.L.&Coke- ..• . 106½-107¼ ... - ... 107 -10, 106 -106¾ 108 -109 105¼ 105¼, 2d, acuar., ir., 1904 ... 6 106 -108 109 -109 102 -102 l ■ t, c~n., a-., 1943 .... 6 116¾-120 - ..• 116 -116 115 -ll6 115 -120 l17½ -ll7~ . ... - .... ll6 -116 ll5 -ll7➔.i 118}(-12!l ll9¾-119½ .... _ .. . . . . . . _ . . . . . . . . - . . . . .. . . - . . . . . . . . - . . .. 101¾- 106 Befuodiog, 1947 ..... a .... - ..... ... Ch. G.-L. & C., ht .. ~ 105 -106!4 105½-106)4 102 -105¼ 103 -104 104 -104 . .•• - .... 104 -105¾ 105½ 106 106½·106½ 109½-109¼ 110;1(-110¾ 111 -ll l¾Con. Gas, lat, 1936.:i 103 -104½ 104 -106 102 -103J4 101 -10.2 . ... - •••. 104 ·104 .... - . .. . . .. - .. . . \105 -105 .... - •... 105 -106!14 EQult. Gas & F., lst.6 . ... - .. .. 102 -102 ...• - .... 106 -108 ...• - .... 102 -102½ .... - .... 103½-104¾ 104½-105½ . .. - •• •. . .. . - . ··• Mutuc.l Fuel Go.■-lst,6 - •.•. 105)4-105¼ 101¾-11J5 100 -105 104¼-106 - .... . ... Western Gas, col. tst./i .... - .... 101 -101 .... ·• • · - .... .... MISCELLANEOUS. Ad11ma Expres ■-Coll.4 .... - ........ - ... . .. .. - ........ - ... .. .. . - .. .. 99 - 99½ 98¼- 99½ 100 -102¼ 99¾-100½ 100¾-101¾ 101¾-105 103¾-105 Am. Cot. Oil-Deb., ar ..8 108 -109 106 -106¼ 102½-107 106¼-106½ 105 -105 106 -108¾ 106~-109 107 -107~ 106½ 108 108 -109½ lOi¾-108 108 -108 Am. Spirits Mfg.-ht.6 74, - 75 73 - 77 61 - 72 66 - 71 72 - 11 79¾- 86 83 - e~ 84 - oo st - 87½ s1 - 85 82½- tl5 83¼- 86 B'kln w.&W.H.-lst.:i 98¾-100¾ 97 - 99 94 - 98 92 - 92 92 - 95 92 - 94 92½- 96 91~ 92 88 - 91 84 - 89 88 - 92 91¼- 94~ Col. C. & 1.-ht, 1900.6 95 -100¼ 99 -100 98 - 98 95 - 96 99 - 09 100¼-lu2 98 -100 100 -100 100 -100 100¼-106 Col.Fuel-Gen., 1919.6 100 -lO!l . •.• - ••...••• - ........ - ••.•... • - .... 103 -103 80 - 81 .. • • Col. F. & I.-Gen., s.f.~ 81 - 81 80¾- 81% .••• • • . . 82 - 82 . . . • - • .. 79 - 82 80 - 87~ uommer'l Cable-lst.4 104 -105}4 105¼-105½ .... - .••• 101½-101½ - •.•. 103¾-103~ .••• Realstered ..... ..... . 4 . . . . - .... 104 -104 • . •• •• - . . . . . • •• Comstock 'J'unn.-Inc.4 .... - ........ - ........ 4 - 4 .... S - 4 3½-3½ .••• 4 - 4: •••• - •••• Det. M. & M. L. G ... 3½ 17¾- 17¼ 17¼- 17¾ •••• 16¾- 16¾ 16¾- 17½ 16½- 19 . • • • - • • . • 16 - 17¼ 17 - 18¾ 18¼- 2, 17¾- 17½ 16¼- 17 Erle Tel. & Tph.-S. f.~ .... • •... gs¾- 98)4 .••• - •••• 104 -101¾ lOS -106'6 111. Steel-Deb., 1010.~ .... - •• •. l'lO -100 Mlch.-Pen. Car- t st.. . ~ .... - ..•• 95 -98 98 -98 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ...• PAILROAD AND l\IISCELLANEOUS BONDS. · 1898-Concluded. JANUARY FEB'ARY. MA.RCH. BONDS. APRIL, MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'Bl!:R. DEC'BER. Low.High r~ow.Hlgh Low .Hlgh Low.High Low.High Low.High Low.High T,ow.Hlgh Low.High Low.High Low.High Low.Hlgh ·---- - .... .... - 1073'-10™ ··• - .... 107 -109 103¼-101 102 -101¾ - .... .... - .... .... - .... ... - .... . ... - .. .... - .... 67 75 - 82 75 77,i- 63 ltat'I Starch-tu ..... . 6 105 -106 10~-l~ 106 -106 .... . ... 108 -108 107 -108 Proctel" & Gamble ..... 6 - .... .... - .... 113 -113 .... - .... . - . . ... 'titan. Rope & T.-18t .. 6 57 - 6ll'4 56 - 61½ 51 - 57¼ 55~,- 57 63 - 71 69½- 72 57¾- 70 Incomes, irold, 1946.:J 11¾- 13¼ 11¼- 16¾ 11 - 13 11 - 12 13¼- 17 13¾- 163-4 13¾- 17 -Tenn.Coal Iron & Ry.Tenn. Division .... . . . 6 .. - .... 84 - &6 84'¾- 84'¼ .... .... 79 - 82 . ... . .... .... Bll"m, Div,. 1st, con.6 Si - 87 86 - 86½ 79 - 84, 80 - 82¾ 82 - 85 87~- 89 85 - 86 De Bard. c.& I .-Gu.6 83 - 83 - •• · • . . .... .... .... Cahn.ha C. & I., iru .. 6 .... .... - .... •U.S. Leatbel'-Deb,8.f.6 114¾-115 115 -116 115 -116 113¼-115½ 111)4-114 114 -lU½ lH¾ 116 W. Union Telegraph... - .... 105¼-105¾ 105 -105 .... . .... .... . - .... .... 18'75-1900 ········ .. ... . .... 10.5¼ -105½ . ... Realatered .. .. . . . ... .... - . ... - . ... - .... .... Col. tr., cur., 1938 ... 5 109 -111 . 109 -110 105 -109 106 -109 109¾-lll 109¼-110 .. - . . Jtt -111 Mutu~I tTninn. •• f . . . fJ . . . . ... - ..... .. . .. - .... - .... .... ... ... - 80 79¼- Si~ - 77lJ4 14~- 24'~ 19¾- 23¾ 18 - 21 19¼- 21¾ 19¾- 25 84, - 92½ 92 - 93~ 00 - 93 92 - 9;; - ... 95 -103¼ 92 - 9{½ 94'¼- 98 86¼- 93~ 92~- 95 98 -106 .. - .... ... .... .... .. ..... - .. .... .... . ... . ... .... .... . ... . ... 95 97 .... - .... .... - .... .... .... .... - .... .... -- .... .... -- .... .... -- .... .... - .... .... - .... .... -- .... 116 -116 ... - .... 116¼-116¼ 115 -115 116 -117 ... ... . ... - .... - ... . 105!,g-107 .... - .... 103 -103 ·•• · - .... ... ... .... - .... .... - .... .... - .... .... - .... .... - ... - .... -. .... - ... 110 -112 112 -118 111¼·111½ lll¾-113½ 113½-115 - ... 112¾-112½ . . . . - . ... 111 -111 •.•• - .... , . ... , 189~. JANUAliY r:mnn'RY. BONDS. MARCH . APRIL. MAT. JUNE. JULY. A!JGUST. SBPT'mm OCTOBER Nov·e:mR DEC'BER. 1- - - -1------ - - - - - - - - - - - - 1-----1- - - - - - - - - - - ------f----1---- Low.Hlllh Low.High Low.High Low.High Low.High Low.High L~w.Hlgh Low.High Low.High Low.High Low.High Low.Hlllh ---·--------· -- - -· ---- ---- ---- ---- ---- ---- 99 -100¾ .... - ........ - . .. . 101 -102½ •••• - ... . •••. -Ala. Mld.-lst, iruar .. ~ 98¾-100 98 - 98 ..AnnArborht. 1995, gold ........ 4 88 - 89½ 89 - 90¼ 88¼- 90 88 - 89 87¾- 93~ 93 - 95½ 95¼- 96¾ 95 - 96 94'¾- 96 92¾- 94' 92¾- 93 89 - 92¼ .At. Col. & Pac, tr. ctf11 .. .... M - 65 62¾- 61 62 - 63 62¼- 63 63 - 63 .... 60 - 62 62¾- 66½ •••• ..Ar. J. c. & w. tr ctfs .. .... M - M 63 - 63 ... - ........ - ........ - ....... - ••.. 63 - 65 •••• Atcb. Top, & S. Fe.General, iiold, 1995.4 99¾-103¼ 101}4-102¾ 101¼-103¼ 100 -101~ l~-103% 102)4-10~ 101¾-103 101)4-1027~ lOl~-102¼ 97¾-100 98¾- 00½ 94¼- 00¾ Regi8tered ... . ..... .4 100 -102½ 101½-102~ 101 -102¼ .•.. - ....... - ....•••• - ........ - ••.. 101 -101½ .... - •...•..• - •... 96~- 97 Adjustm't, g , 1995, 4 78 - 85)4 82 - St¼ 81¾- 8!).t 82½- 8-i 81 - 83½ 81~- 85 84¼- 85½ 85~- 88½ 85~- 88¼ 85¾- 87% 81 - 88¾ 76¼- 82 Regiatered . . ..... . ... 4 . ... - .... 83 - 83¼ .... - .•...•. - ... . .... - .... 79¾- 79¾ ..Atl.Av.Jmp.,g,,'34 .. :ilOS -110 . .•. - ... . .... - . •....•. - ........ - •• . ..•. - . .. . ..Atl. & Danv.-ht, g ... ~ 100¼-100½ 100¾-100¼ .... - ... 101)4-101½ 102 -102 102 -102 .... - ... . 100¾-100¼... - •... 101)4-102 Baltimore & OhloPr. lien, g., t 92,; •. . 3½ 98¼- 99)4 98¼- 99)4 973-4- 98½ 97 - 99 98¾-100~ 99¾-100¼ g6 - 9~ 95~- 97¾ 05 - 97¾ 9:l½- 00 M - 97¾ 92 - 96¾ Gold, 1948 . . ...... . ... 4 99 -100 99½-100 98 - 91)¾ 98¼-100 100¼-102¼ 100¾-102~ 100)4-101¼ 100¾-101¼ 99~-101 96 - 99)4 97}4-100 94 - 99¾ S. W. Div., 1st, g .. 3½ ... 96 - 95 95¼- 96¼ 94,¼- 96¾ 94½- 95 93½- 9t½ 91 - 93½ 90 - 92½ 89¾- 92~ Si¾- 92~ lat, Parkers. Br'ch,6 116 -116 .... 118 -118 .... .. . ... . Trust certlficate8 ... . .. 115 -115 ••• .1. .. . Gold, 19~~. 1•eg ........ . 120 -120 .... CertU. of deposit ..... 120 -120½ 120 -120 119)4-119¼ .. .. - .... 120 -120 ...... .. Con., a., 5, cert.of dep . . . . - .... 125 -125 • .. • - ... .I .... - ....... . B.&o.s w .-ht, t 990 101"-101¾ 111 -111 108 -10s • • • • - •.. .I.... 1193 ........... . .... . 4~ 93¼- M ...• ...... .. •Income, l!lerles A .. ~ 32½- 32½ .•.. - ... . .... •.. .I. . •· Income, Ser.B.2043 10¼- 13¼ 11½- 12 .... 1 ·· Cen. o. Reorg,con.4½ 108~109 110 -112 . •.• lll -lll .•.. ::::;:::: :::: :::: Bait. Belt, :J9, tr. rec . . . .. - ... . .... - .... 106¼-106¼ .... ....... . ····I···· - I ~~rJg;g•pf.:.::~ :~~~ ;oo :,'.".. :~: :::: ,os :,,.- ::":::" ,.. :,os ____ 2d, conaol., 19Lt ...7 126 -130~ 128¼-130¼ . •.. - :i~::~:::~!p;:·a2:~ :::: = .•. . = 89 .. ~~~ ... 128 -123 =126 127 -127 ii i ili :::::1':::: - .. ,.... - = :::: '.~~-,;,~ 128 -128¾ 128 -128 I 1 128).ji-128½ .... - .... _ ·•·· ···· _ :::F:: _.... .... - ::::i:::: 89 1 .B' y & ,- th Av .-See !JI et. \ .Brooklyn Clty-Cons .. 5 117¾-117½ . ..• ... 115¾-116¾116 -116 Brooklyn El"vo.tedl8t, 1924, ti, trust rec 9!3-4-103¼ 101¾-102½ 101¾-106 106¼-106!1i .... S.S.& H.B., lst:J8 t. r. 93 -100 100 -101¾ 105 -105 105¼-105½ . .. . Un.El .. lst,'37,6, t.rec 94 -103½ 101 -103 101).s 106½ 1067-(-107 ..•. .B. Q. c. & s., con. a-u.5 105¾-108 107½-108 107 -108 107J4-108~ 106 -107 106 -107 107 -107½ 107 -107½ 107¾-107½ .... - .... 104¾-104½ 104¾-104¾ Brooklyn Ro.p.Tro.n 8 .5 108 -110½ 108:Jt-110 109 -113 109¾-112 110 -112½ 110 -113 113 -115½ 114½-116 112 -115 109¾-110 109¾-110 101 -110 B'klyn U. El., ht .. 4-5 . .. . - ........ - ........ - ........ - .... 103½ ·101 103 -104¾ 100)4-101¾ 98 -100¾ 97 - 99 96 - 98 93 - 98 Buff. Roch. & Piltsb,General ........ . .. .. ... ~ 107½-109¼ 109¼-111 108¾-108½ 108 -110¼ 110 -110 109¾-110½ 109¾-lll 110 -110 107 -108 108 -108 108 -108!,( .... R. & P., lat, 1921. .. 6 .. . . - .. . . . ... - ... . 1273-4-127¾ ..•. - .... 128 -129 129 -129 .. .. - .. .. ... . 1 Con 8 o1., 1st ... . ...... 6 128 -128 .... - .. . - ..... •• • - ... . 130¾ -130½ .... - •.•. 127 -129 126¼-126¼ ..•• .Buff ~.M.&S. W ,-1 st.5 102¾-102½ 101½-105 - ..•. 104' -105 105 -105 ... . - •.. . 100 -100 .Buff. & Susq.-l8t, g •.. :; . ... - •·· · .•. • - . . . . •··· Burl. Ced. Rap.~ ~o.t8t... ............. ...... .. /) 107 -108½ 108½-109 109 -109 109 -109 109½-110 106 - 108 108 -108 108 -108 108¼-109 109 -109 108 -108 105 -107},( Consol. l8t & col. tr.:J 111 -112½ 112 -113 116 -116 114¼-117 117 -117½ 115½-115½ 116 -116¾ t17 -117 116%-117¼ 115 -116}<( 116 -116 116 -116 ' Registered ...... . .... a .. . . - .... 110½-110½ . .. . - ........ C.R. I. F. & N,. lst .. 5 105 -105 <:an. South'n-lst, gu.5 108½-110½ 109¾-110½ 109 -110½ 109¾-110½ 110 -111¾ 110½-111¼ 108 -108¾ 108 -108½ 108½-109 107¾-108¼ lvS -108~ 107 -108½ ~d mortgage ........... 5 tl0½-111½ lll¼-112 109 -110 111 -111¼ 110½-111 111 -111½ 111 -111%1110 -111).t 107¾-lOll½ l08 -108½ l07¾-108X 106¾-107¾ ·C. B. U. Pac.-ht, g ... 4 91¼- 93% 92¾- 92½ 91 - 92 91½- 9.2 91½- 91½ .... - . .. . 89 89 - 89 : : : 85 - 88¾ -Oeot. Ohio-Set B. d; O. 96 - 96 <Cent. RR. & B., Ga .. 5 95 - 95 95 - 95 . ... .(;entral of Georgia1 st ........ . .... . .......... . 5 - .. . . 116¼-118 . . . . - ... . 120 -120 . . . • - ... . 117¾-118 119 -122 118¾-118½.... - .. • . ... • - ... . Consol,, 194 5, gold .. /) 91¾- 93½ 92¾- 97¼ 95 - 97¼ 96 -100¾ 95:1(- 98 95¼- 91'1½ 00½- 97½ 00¾- 97¼ 9i¾- 97¾ 94 - 97~ 00 - 9tX St¾- 92~ Registered ....... . 5 .... - .... .. .. - .. . ..... - . ... ... . ... . - .. .. .... - ...... . - ... . 97¾- 97¾ .... - ....... lat pref. income ...... :) 39¼- 40¾ 38 - 44¼ 40¼ - 42 40 - 43¾ 40¼- 43¾ 40¼- 42 40 - 42¾ 41 - 42J,,4 39¼- 41 36 - 38½ 36 - 37'Ji 30 - 35¾ 2d pref. Income ....... 5 11¾- 13 12 - 15 12½- 14 11 - 14 .... - • . . . 12 - 13!4 12 - 13 12 - 12 11 - 12% 10 - 11 9¼- 10 9 - 9¾ 3d pref. Income ....... 5 . ... 6¾- 7½ 7¼- 7½ 7 - 7¼ 6 - 6¾ 6 - 6 6¼- 6½ 6½- 6½ . ••• - •... t¼- 6 .... Mac, & No. Div., lst.5 .... - ........ .... .... - ... 95 - 95 1 Mid. Go.. & Atl. Dlv.5 . . . . - ....... . - ... . 102 -102 .... ·.·.·.·.1.··.·.·. ,Cent. of New JerseyConsol., 1899 .. . . .... 7 101¾-101½ 102 -102 102 -102 100'¼-100¾ 100¼-101 . ... - ... . 110 -110 .... lstconv, 1902 ... . ... 7 112 -112 .... - .....•. - ... 109¾-109½ 110 -110 .••. Conv. deben., 1908 .. 6 .... - ........ 112½-112½ ..•. - ... . .... - .• • .. . .. Gen. mort,, 198'7 .... 5 113)4-115¾ t15¼-118½ 117 -119 118¾-119¾ 118 -121 121 -122½ lll}¾-121¼ 120¾-121½ 118¾-120% 119 -120¼ 119¼-121¾ 117¾-121 Regl 8tered . . . ...... 5 112¾-114½ 113%-118 116¼-118 116½-118 117 -118 118 - 121 119 -121½ 12<'¾-120½ 118 -118 116¼-117¼ 118 -118½ 115¼-119 Leb,&W,B,-A8sent 7 99¾-101 100 -101 101 -102 100¼-H2¼ 1.00 -102¾ 100¾-100½ 100¾ 100¾ 99 -100½ 98¾-100 98¾-100 98 -100¼ 9~½- 99 Mortgage, 1912 .... 5 87¾- 90 90 - 92½ 96 - 99 - •... 102 -102 .••• - •.. . .••. - ••• Am, Dock & Imp ...... 5 .... - .... lH¾-115½ 114¾-lU½ 114 -114 - •• •. 115½-115½ 116 -116¼ 116).s-116¼ •••. - ....... - •... 115¼-115X 114½-114¾ <Jentral Pacltlc' ~ 1st refundina, 1949.4 .... - . . ...... - .... lO<i¾-101½ 1~-102¼ 101%,-1027.AI 101'¼-102¾ 100 -101¾ 00½-101¾ 99¾-100¾ 97¾-100½ 98½- 99 95 - 99¾ l.U orta-o.ae, 1929 .... 3~ .... - ........ - ... . 86~- 89)4 86¾- 88¾ S7¾- 89¼ 88 - 8 ¾ 86¾ 81¾ 85½- 87¼ 85¾- 86¼ 82 - 84'~ 82¾- 84'¾ 773'- 8~ So.n Joaquin Br'cb .. . 6 .... - . ... 105}.£-10.5¼ 107 -108½ - ..... . .. - ... . .. - . . • .. - . . . .. ... - ....... - ....... - ........ - ........ - ••.• !ilpeyer cel'tificates. . . .. - .... 111 -111 11 2¾-tl :l¼ 111¼ 111¼ ... ....... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis : ~~ ..!:::: - -.... RAILROAD BO.r D 1899-Continucd. BONDS. JANUARY FEBR 1 RY. MARCH. APRlL. MAY. JUNE. JrLY. AVGUST. SEPT'BER. OCTOBER. NOV'BER DE0 1BER. --- - - - ----f----1----- Central Pacific-(Oon.)1939 :is, Speyer ctfl!I . .... - .... 112J.i-122½ 119¾-121~ 120¾-128 122 -125¾ 125¾-125¾ 123¾-123¼ .... - .... , ... 1 .. Land a-rantl!I .......... .. ~ . . .. 110 -110½ 107 -107 Ext., a-., l!ler. A., '98.~ ....,.. ~peyer &Co.cfs.dep. . .. . 103¼-104½ .. .. - • .. • .. .. ...... .. Speyer & Oo.cfs 1899 .... - .... 106¾ -107 103~-104 104¼-105¼ 105 -108U 108¼-109 107¼-107¼ 106%-106¼ .. .-. Speyer & Co.cfs.1901 Jv,t -104 106 -107½ 103 -103½ .... - ....... Wel!ltern Pacific ....... 6 103 -103 .... - .... 103¾-105 104¾-104¼ .... - ........ Speyer & Co.cert Ifs. .. . - .. .. . ... - .. . 105½-105¾ . .. - .... 109 -109½ 108%-108¼ .. .. C.& o. D. Speyer ctfl!I. .. .. - .. . . . .. . - .. . . .. .. - .... 120¾-122 121¾-121¾ . .. . Chesapeake & Ohio' eerlel!IA., a-old, 1908.6 119 -119¼ ... ~ - ~- .. 118¾-118½ 116¾-117 .... - .... 119¼-119½ ... . - .... 114¼-115 .... - .... 115¼-115¾ Mori,raa-e, 1911, ...... 6 .... 120 -121¾ 118¾-118½ . ... - ........ - .... 120 -120 121¾-123 . .. • - .... 118 -119 1st, con., a-,, 1939 ... -~ 117¼·119¾ 118¼-119 118 -120 118¾-121 118 -119½ 118¾-120 118¼-119:}, 118¼-119½118 -119¼117¾-119)4116 -116~ 113 -117~ Reiristered ........... :i 116¾-116¾ ... - .... 117½-118¾ .... - ........ - .... 117 -117 '--enera~ 199:J ...... 4½ 90¾- 95¾ 95¾- 96¾ lfl½- 9! 93¾- 95 94¼- 97¾ 97¼- 97¾ 95 - 96½ 94½- 95¾ 95 - 95¾ 93 - ~ 93½- 95 94 - 95 Rearistered ........ 4x 92¼- 92¼ .... - . ....... 97?,g- 97~ ... R,&A..D.lstcon.'89 4 105 -105¾ 105¾-106¼ 106 -107 106 -107 107 -107¾ 107 -108 104 -105¾ 104 -104¾ lOi -104 101 -104½103½-104 101¼-104 2deonsol., 1989 .... 4 .... - ........ - ....... - ........ - ........ - .... 100 -100 - • .. . . .. . - • .. . .. • - ... 100 -100 War1n. !Sp. Val., 1st.~ .... - ........ - ........ - .... 101 -101!4 .... - .. . . ........ Eliz. Lex. & B. S .... :i 103 -103 103½-104 101:J,t-102½ 101¾-102¾ 102¼-103 102 -103 102½-103 102¾-103,slOl -101 100¾-101 100¾-101 100¾-102 lj CblcallO & A.lton- • • . 110¾-110¾ 108 -108 109 -109 Slnkinll fund, 1903,.6 .... - .... 110 -110 L.&Mo.R.lst, 1900.1107½-107½ 104 -10!1 - .... 103¾-103¾ .... 2d, 1900.... . .. .. . . .. 7' .. .. - .... 106¼-106¾ .. . Chic. Burl. & QulncyCon110I.. ................ , 114¾--115 115 -115¾ 114¾-115½ 115 -115¾ 115½-116 1163,s-ll7¾ 113:J:t-114¾ 113~-114 113 -114 113¾-114¾ 113½-114¾ 113½-114~ Sink. fund, 1901 ..... ~ .... - .... 104¾-104¾ 105 -105 .... .... - ... 100 -100½ .... Debenture, 1913 ..... ~ 111 -111½ lll¾--112!4 lll¼-112!4 112½-113 109>4-lll 110:ij-112½ 112½-113 lll¾-111¾ lllM-112 109½-111½ L09¾-110 108 -110¼, Convertible, 1903 .. . :i 125½-HOJ,4 13o -151!,4 138½-145 141¾-145½ 128¾-142¾ 130 -130 137¾-138 ... - ... . 135¾ 135¾ 128¾-130 130 -133 122 -122 Illinois Div.,1949.3½ .... - ........ - ........ - ........ - ....... - : .. 103%-10!1½102¾-104 100 -103~ Iowa Div •• sink, id ... ~ .... - ........ - ........ - ... .. .. - .... 115¾-116¼ 116 -116¾ .... - .... 118¾-118¾ .... - ........ 1919 ...... ........ ..... 4 .... - .... 105 -105¾ .... - .. . 1053,s-105¾ 105%-106¼ 106¾-106½ 107 -107 - .... 106¾-106¾ 103½ 105 .... - .... 104 -10! Denver Div., 192:l .. 4 .... - ........ - ... 101¼-102½ 102 -102 103¼-105 104 -105 105 -105 102 -102~ 103 -103 103 - 103 102 -102¾ 102 -102 1921 ................. . .... 4 100}8-105 103 -103 .... - .... 100 -100 .... - ........ - ........ - ··• · .... Ch. & Ia. Div., '0.J .. ~ .... - ... . .... - .... 105 -105 .... - ........ - ........ - ... . Nebr'ska Ext.,1921.4 1051':(-108 108 -108½ 108 -108¾ 108½-112½ 109½-111¾ lll¾-112¾ 112¾-113¾ 113 -113¼113¼-113¾111¼-111¾109½-110¼108 -110).( Rea-istered ........ ... 4 .. .. - . .. . . . .. - .. .. .. .. - .... 1113,s-111¼ .. .. - .. .. . • .. - • .. .. .. Han. & St. J ., con8 .. 6 .... - .... 123 -123½ 120 -120¼ 121½-121½ 121½-123¼ 123 -123 124 -124 .... - ....... - ... . 120 -120 120 -120~ ... Cb, Bur. & No.-lst.:i .... - ........ - .... 107,s-1G8 105¾--107 105¼-107 106 -108 106¾-106¾ 106¾-106'¼ .... - ....... - ....... . Chic. & .E. Jll.-lst,s.f.6 .... - .... 115¼-115½ .... - .... 116¼-116½ .... - .... 114 -114 114½-114½ .... - ... 114~-114¾ .... - .... 113¼-113¼lst consol., ,rold ....... 6 134 -134 .... - ........ - ........ - . ... 138 -138 137 -137_¾ 137½-137½ 139½-139~ .... - .... 136 -136 131 -136 Gen. mort., 193'7 .... ~ 109¼-112 110 -112 lll¾-113 115 -115½ 113 -115 114 -117½ 114 -115½ 114 -115½116 -lli 115½-116½113 -114 lll¼-113 Chic.& ln.C'I Ry-18t.~ ... - .... 107 -107 - .... 107 -107 - .... 107 -107 107 -112 Chic. lnd. & l.oul8V .f Retundlnll, 1941 .... . 6 104 -1063,s 105 -107 106 -108 104½-110:X, 115 -118½ 117 -119½ 113 -113 108 -112 108 -114 109 -110 108 -109 115 -115Refnndlna-, 194'7 .... . ~ 92 - 92½ 92½- 92½ 93¾- 95 95 -100½ 105 -109½ 102½-107½ .... 97¼-100 - ........ - .... 98 -101 100 -100 Lou. N. A. & C., lst.6 114½-115 . . .. - .... 116¾-116¼ .... - ........ - .... 118½-118½ .... - .... 115➔.(-116¼115¾-116 114 -114 113 -115 Chic. Mllw. & St. P.'t ') 171½-171~ ht,a-old, R. D,1902.7 161¼-161½ .... - .... 164¾-169 .... - .... 168 -168 168 -171½ 170 -170xi .... - .... 173 -173 171¾-171~ .... ht I. & D. Div ...... 7 ... - .... 163¼-163¼ . ... - .... 168¾-168¼ ... 1st C. & M. Div .... .. . 7 160½-161½ 163 -164½ 16i½-16-i½ 168½ 168¾ 168 -168½ . .. = - . •. 170 -170 li2¾-l'i2½ ... Consol., 190:i ...... ;,. 1 160 -163 163 -165 16;l¾-169 168½-168}.f 168 -168½ 168 -171½ .... - .. .. 170½-l'iO½ 173½-174½ 169 -169 171¼-171½ .. • ht I. & D. Exten ..... 7 161 -161~ 163¼-161:):1164%-165 168¾-168¾ .... - .... 169¾-171 170 -170 .... - ... . 172½-172½ .... - • _.. 168¾-172 167 -170 1st So. West. Dlv ..... 6 120¼-121 .... - .... 120½-120½ .... - .... 112,s-112½ 122¾-122¾ 121%-121~8 120 -120 120½-121 - ........ - ... -... 1st I..o.. C. & D., '19 .. :i .... - ........ - .... 120 -120 120¾-120¾ 120½-120½ 118 -118 · .. · ll!lt So. Minn. Div ..... 6 118¼-121 121 -122 121 -121½ 121 -122 122¾-123¼ 123 -123¼ 121 -121¾ 120¾-121 119 -122 120 -121½ 119¾-121½ 119 -120¼ 18t H. & D. Div ....... 1 129 -129 130 -130 130½-131 131 -131 132,s-132,s .... - .... 129½-129½ .... - .... 130 -130 129,s-129¼ · . · )1910 ...... ............. I) .... - ........ - ........ - ... .. .. - ....... . - ........ - ........ - ........ - .... 1113,s-lll}s. Chic. & Pac. Div ...... 6 .... · - ... 121½-121½ 121½-122½ .... - .... 122¾--123 .... - .... ... - ........ - .... 120½-120½ .... - ... • • • - • .. . Chic. & Pac. W. Div.~ 118¾-122½ 120¼-121½ 120¾-121 121¼-122¾ 122%-123¾ 123,(-124!,-d 121¾-122¼ 121¼-122 120¾-121¾ 1203,s-120½ 120½-121¾ 120 · 121 Chic. & Mo. R, Dlv .. :i 118½-121~ - ... . 120½-1Z2¼ .... - .... 125¾-126¾ 121 -123 122½-123 .... - .... 122 -122 117 -117 Mineral Point Div ... ~ .... - .... 110½-110½ 110 -110 112½-112½ .... - ... ._ .. - ....... . - .... 112 -112 .... - ........ - ........ - • . . 112¼-112~ Chic. & L. Sup. Div.~ .... - ....... - ... . 122½-122½ .... - ....... - ... . .... - ........ - ....... - .. . . . .. Wl8.& Min. Div .. .... ~ .... ... - ... 119 -120½ 121 -122¼ 123 -123 120¾-120¾ .... - .... 120,s-121 .... - .... 119¾-119¾ 118½·119~ Terminal. ........... .. :i .... - .... 115 -115½ 115¾-116½ 116 -117¼ 117¾-118¾ .... Far&"o & So., asl!lum.6 .... - ... . 1~7½-137½ .... - ........ - ...... .. Dakota & Gt. So • .. . [5 • .. • - .... 112J.!i-114 . .. . - .... 118½-118½ .. .. - .... 115½-115½ • .. • .... 116 -116 • .. • - . . . . . .. • Gen. M.," A" 19S9 . ..4 108,s-112½ 111 -112½ 111 -111½ lll¾-114½ 113½-114¼ 114 -114¾ lll¾-112~ 112 -113 111¼-112 111 -111½ 110½-111½ 110 -111¼ M. & :No., l8t, 1910.6 . ... - ... - ... . 121 -121 121 -121 .... 121 -121 .... 1.st on ex, .. 1913 ... 6 126 -126 ... . - . .... ... - ........ - .... 126 -126 125 -125 .... Chic. & Northwest'nConsol., 191:i .......... 7 144 -145 143½-144½ 143 -143½ 143½-1443-8 142%-144¾ 144 -144 144¾-145¾ 143¼-145 145 -145 - .. 143 -143 142 -142 Gold, coup., 190~ .... 7 113 -113¼ 113. -113),4 113 -114¼ 113 -li4¼ lH¼-115 111¼-112¼ l~-113¼ 112¼-112½ 112 -112 111 -ill~ lll!J.(-112}4 108 - 1 0 I}( Gold, rear., 190~ . ..... 7 113 -113 .... - .... 113 -113¼ 114 -114 - .... 112¼-112¼ ... . - ........ - . 10 -108 81nklna- tund, coup .... 6 116 -116 120 -120 .... - .... 118 -118 115 -115 120 -120 - .... .... - ... . .. .. Registered ........... 6 .... - .. . . .... - ........ - .... 116 -116 .... - ... • .. - .. . ..... Slnklnll tund, coup .. -~ lQ0¾-109½ 109½-1091}.! 109 -110½ 106½-107 . . . . - •.•. 107 -107~ 109 -109 . • . • - .... 109 -109 106 -106 106¾-106¾ 100 -109 Reiristered .......... :i .... - ... . 109 -109 105:J-.(-105¾ .... - ... . .... - ....... - .... . . .. Debenture, 1933 ..... 6 122 -123 122 -122 12'~ -122½ .. . . - .. . 121½-122 122½-122¾ 122¼-122¾ 122:J,t-122➔.( .... - ... 118 -US 115 -11 ¼ !I~ yrl!I, deben., 1909-~ 110 -110 110 -110 110 -111½ 111 -111½ 108 -108 109½-109½ 109 -110 - ... . 110 -110 110 -110 107½-107¾ 106 -106¼ Rea-i8tered .... ....... ~ .... - ........ - ... . 105 -105 30-year deb., H .. ~1 .. :i ... - .... 117½-118 .... - .... 118 -118 117¾-118 118 -118 118 -118 .... - ... 117 -117 ...• .Exten. bondl!I, 1926 .. 4 106¼-106½ 107 -109 107¾-108 106 -109 109 -109 .... - .... 109 -109 109 -109 .... - .... lli> -110½ 105 -105 Registered .......... .4 .... - .... 106¼-106¼ .. .... - ........ - ........ General, 1987' .. ... . 3¾ 102¼-103½ 103%-105 105 -105¾ 105½-109½ 108¾-108¾ 109~110¼ 108¼-110½ .... - ... . 109 -109½ 108 -109¾ 107)4-108¾ 106 -108¼ Iowa lUidland, 18t .. . S .. .. - ........ .... 103 -103 .. • Win. & St. Pet., !ld .. 7' .. .. - . .. . . .. . - .... 124: -124: •• •• - ... . 122 -122 Ott, C,F.& St.P,,lst 5 111 -111 .... - .... 110 -110 .... nu.& M., t8t, 190:i.6 .... - .... 111¼-117¾ .... - ........ - ........ . North. Illinois, 1Ntu:l .... - ..... ... - .... 113 -113 .... - •••..... - ••.•• ,. - .... 114: -114: .... .lU.L. S.& Wht.,'!ll.6 140¼-140¼ 140 -142 - .... 14u¾-l4.1½ 139¾-140¾ 140¾-14:l 140¼-HS Hl¾-141½140 -140 .... - .... 136 -136 136¾-137 Ext. & Imp., 8, f .... 5 . ... - .... 117%-119 119 -119¾ 120 -121½ 122 -125¾ 125¾-125~ ll::i -121 .... - .... 125 -129 120 -121¾ 120 -120¾ 121 -121 Mich. Div., 1st, g .. 6 .... - ........ ........ - ....... - .... 140 -140 140 -140 140 -140 Ashland Div., 1st .. 6 142½-142¾ .... - ... 140 -140 142¼-142¼ .... - ........ - . ... 146 -14.6 .... - .... 140 -140 141 -141 .... - . .. . 140½-140¼ Incomes. 1!>11 . ........... - ... . .... - .... 114¼-114¾ .... - •.. . 112 -112 Cb.R.1,& Pac.-Coup.6 131½-182~· .... - .... 132 -133¾ .... - ..•. 134¾-135½ 136}8-136,s 134 -134 - .... 132½-132½ . ... - -·· 130 -131 . .. . Reaistered ... ........ . 6 182¼-182½ ma -133 .... - .... 133¼-134 13!¼-134½ 132 -133½ .... - .... 132½-132¾ .... General, 1988, a-..... 4 104%-108 106 -107¾ 106¼-108 107 -110¾ 109 -110¾ 109¾-110¾ 107%-108>!! 106¼-107¾ 106 -107¾ 105¼-107½ 105¾-106¾ 104 -106!1-,! 'a.ea-lstered .... ... .... 4 .... - .... 106½-107 105¾-107½ 107%-107¾ .... - ........ - ... . 106½-106½ ... . Keok. & De8 M., 1st.~ 109½-llO¾ 110 -111 112¾-112½ 112½-114 114 -114 114 -114 . . • • - •... 109 -109 113 -114¾ 112 -112 D.M.&F.D,ht'O:i.2½ ... - .... 85 - 85 85 - 85 83¼- 831i 83 - 83¾ 85 - 85 86 - 86 85 - 87½ .... - ... 81 - 83 - -1st, 190:i .............. 4 98 - 98 .... - .... 98 - 98 9t½- 98h! .... - .... 96 - 96 Extension, 190:i .... 4 . ... - ........ - .. .. 98¼- 98½ .... - . ....... - ... . .. .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ... - - ........ - ... .. ::::i:::: RA.ILROAD BO DS. 80 1899-Continued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEC'BER. - - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Chic. St.P. Min.&Om.Consol., 1930 ........ . 6 136 -136¾ 137 Chic.St.P.&M,-ht .. 6136¾-136¾ ... . No. Wis., 1st, 1930.6 .... - ....... . St. P. & S. City-1st .. 6 134 -134 133 Chic. Term'l Tru.nsf. .4 93½- 95½. 95 Chtc. & West'n Ind.1st, sink. 1d., 1919 . . 6 . . .. General...... .. . .... .... U .... V, & W. Mich.-192 t..:i . . . . Coupon off .............. 5 .... Vin. Ham. & DaytonConsol., sink. fund ... 7 . . . . Cin. Day. & Ir. lst ... 5 112½-112½ 112 -137~ - .... - .... -133¾ - 96~ 137¾-138 138 -138 140 -HO 133¼-134 95~-100¾ 138 -139¾ 139¼-141 137½-138 137½-137¾ 138 -138 138 -138 137 -138 136 -13?½ 133 137 -137 134¾-131¼ 134¼-134¼ ...• - •... 127¼-127¼ . ••. - ••.. 136 -136 133 -134. 132 - • . .. . . . • 131 -131 131¾-132 132 -132½ 132½-132¾ 132 -133 131¾-132½128~130 .••. - ... . 128 -100 96 - 98¾ 95 - 98½ 96½- 98½ 91 99 99~-100% -102¾ 102 99 -101 100 -102½ - .... 120¾-120¾ . . . • - .... 122 -123 121 -122 120¼-122 - .•• . 99¾-99½ ..•. - - ... 106 -106 - •••. 121 -121 120 -120 - .•• . 100 -100 -136 -132¾ -128 - 96% •••. 117%-117¼ ......... . - .... - .... 120 -120 . . . • -112'4 112¾-112¾ ...• - ••.. 113 -113 - ........ - _ •.. . .•• _ , ••• - .... 115½-115½IU5 -115 112 -113¼110 -110 I ssuc.c.c. , v.1.s.L.&C.1 & St. L. ... • ...... . - ........ - ........ - .... !05 -105¾ .•• - •.•• - ....... - ........ Vin, Laf. & Ch.-lst .. 7 .... Cl. & Can-1st, tr.rec 5 70¼- ?8 77 - 85 ?8 - 91 89 - 91 90¼- 91 91 - 91 90 - 91 91¼- 91¼ .... CI. Cin. Chic. & St. L,92¾- 95½ 94. - 95½ 93½- 95¼ 94¾- 95½ 94¾- 95½ 92 - 95 92¾- 95 95 - 96~ 90¾- 94¼ 92½- 94¾ 93 - 95 General. ....... ........ . 4 87¾- 98 - ....••.• - ....•••• - .•...•.. 95¾- 95% P7 - 97 Cairo Div., lst ........ 4 .... - .... . ... - ....... St.L,Div., ht, 1990.4 99¾-103 101¾-103¾ 101¾-102 102½-102½ 100 -102 101½-102 102 -102¾ 103½-103¼ 103 -103%103 -103½ 101 -102¼ 99½-101¼ - ...•.•• - ... .. ... - ... . 99 - 99 ..•. - ••• . ..•. Recistered ..... . . .... 4 .... .... ~ ... - .... 83 -83 - ....... - ........ - ....... . - .... .... - ....... Wb.W.Vall,Div.... 4 .... - ••. 95 - 95 •••• - .... Cln. Wab. & lU., lst.4 .... - .... 95 - 95¾ ...• - .... 96¾- 97 .... - •• - ........ - •••• - ........ - .. .. .... - .... 118¼-118½ ll~-118½ .•.• Cin. Snn. & Cl, con.~.... - .....•.• - ... . C. I. St. L. & C., lst.4 102 -104 103 -103 103½-103½ ... - ........ - ••. . ...• - •... . . . . - ••. 104 -104~ .... - .... 1033,(-103¼ - ........ - ... . 103½-103½ •.•• - ........ I. B. & W., l st pref.1 .... Peo. & E., 1st, cons .. 4 83 - 88¼ 86 - 8'3¾ 85¼- 86¾ 82¾- 85¾ 84 - 85!'4 84¼- 85¾ 84¼- 86 85 - 87 85¼- 87 83 - 85 84¼- 87¼ 80 - Si Incomes, 1990 . . . 4 23 - 33 30 - 32¼ 29¼- 31 30 - 32 30 - 31 29 - 30 29 - 29 29 - 31 17 - :i0¼ 20 - 23 22¼- 30 24 - 29¾ <Jlev. Col. Cln. & Ind.1st, sinking fund ...... , 102 -102¼ 102½-102¾ . ..• Consol., 1914 ......... , .... - •••• 135 -135½ 137¼-137¼ 138 -138½ .... Geaeral consol. ...... . 6 .... - ... 137¼-137¼ 13!¼-134½ .••• • ... 136%-137 .••. - •••. 131 -132 •••• C.& S., tstC.C.C.&J.1 .... - .... 108¾-108½ .... Clev, Lor. & Wheel.Consol., 1st ............ ~ .... ... . .... - ••.. 108 -108¾ 108¼·108¼ 106¼-106½ 105¾-105½1063,(-106¾ 106 -11!6 - ........ - ....... ..: . ... 128 -130 .••• •. 134¾·134¾ ...• VI. & Mah. v.-1938 .. 5 .... ........ Colorado Mldland1 st ............... . .. 2-3-4 66¼- 69 64. - 67¼ 64. - 65¾ 63¾- 65¼ 64. - 64.½ 63 - 65¼ 62 - 64. 62 - 66¾ 64.¾- 67 63 - 65 62¼- 66½ 60¼- 66 1st, gold, 1941 ........ 4 74. - 76 74½- 74.Xi 70¼- ?2¼ 72¾- 74½ 74 - 75 ?3¼- 74¼ 71 - 72 70 - 73½ 71 - 74.¼ 71 - 73 72 - 73¾ 72¼- 73¼ 88½- 90 Vol. & ~o.-lst, g.'~9.4 86¾- 87¾ 863,(- 87¾ 85:1:1;- 88 85¾- 87¾ 85¼- 87¾ ..•• Sil • 87¼ 85 - 87 84¾- 86 84 - 86 79 - 85¼ <Joi. & 9th Av .-See Met Col. Hock. Val. & Tol.73 - 79¼ .••. lst,~,.J .P.IU.&Co.ctfs 70 - 80 ?3¾- 76 74. - 76 29¼- 31 .... 30 - 30 Gen. gold, 1904 ...... 6 32 - 34 Delaware & Hudson- ••.. 145 •148 148 -148 - •... •••• - ........ - ........ lst, Pa. Dlv., 1917 .. 7' ..•• - ........ - ........ - ........ - •.•. •••• - .... 12()¾-120½ . ..• Alb.&Susq., lst,r;r;u.1 .... - ........ - ........ - ........ - .... 122 -122 .••• Registered ......... , .... - ..•. 116 -116 ist coup., r;r;uar ...... 6 117¾--117¾ 117¾-117~ 117¼-117¼ . ••• - •... 115 -115 116 -116 .••• - •••. 116¼ 116½ .••• - ••.• •••• - ••• . 115 -115 113 -113 - .••• 114¼-114.½ .... - .... 116¼-116¼ .••• - ........ - ........ Rer;r;lstered ....... .. 6 117¾-117¾ ..• Rens. & S., 1st, '21. 1 151 -151 ...• - •... 158 -153 . •• - ••.. 150¼-150½ . .• . - • •• • ••• - . • . 153¼-153½ 154 -154 •••• West'nl>el. Lack.& 1907 . ................... , ... . • .... . ... - ........ - •...... - .... 126¼-126¼ •••• - ........ - ....... . 124¼-124¼ •••• • •••• 124.¾-124.¾.... - •••. . . . • Syr. Binr;r;h. & N. Y .. 7 .... - ...... . • • • . • . . • Mo1·rl8 & Essex, 1st.1144. -144 143 -143 143 -144. .... - .•• . 142 -143 U.2 -142¾ .••• - •... 141¾-141¾141¾-141¾ ...• - •.•. 137¼-138½ .... 1811-1901 .... ....... , 110½-110¼ ••. - .... 111 -111 .••• - •••. 108¼-108½ 108½-108¾ .... • •••••••• - ....•.•• • ........ - .... 105¾-105¾ 105¾-106¾ Consol., guar......... , 143 -143 .. .. • ..•. 148 ·143¼ .... - .... 145¼-145½ 148 -143 143¼-143¾ •••• - •••. 141½-141½ .... - ••• . 14.1 -14.1 .•.• • • .. . • • • • N.Y. L. & W.-lst .... 6 .... - .... 138 -138 138¼-138¼ 14.2 -142 142 -142½ 142 -142 138 -138 • •• • • .. . . . . • • - .. . . • • • - • • • .... - . . . • •• • - •••. 108!1i-108½ •• , • • Term'l & imp'mt ... 4 .... - •... 122 -122 •••• - ........ Construct'n, 1923 .. /> •••. - ••.. 117 -117½ ...• - .... llS½-118½ .... - •••..••• • ........ • Den.Con. Tr-lst,'33.5 90 - 92 .... - ........ - ••. . •.•• - ........ - ... . •••• - ••••.••• Denver & Rio Grandelst ............. ........ 1108½-108¼ 107 -109 108¼-108¼ .... - .... 105¼-1053'{ .... - •••.•••• - •••. 105¼-105¼ .••• - ••• 103 -103 100¾-102½101¾-101¾ Consol., 1936 ... .... ... 4 10()¾-101¾ 100 -101¾ 100 -101¼ 100½-102~ 102 -104 103 -104. 99¾-101¾ 99 -101¼ 98¼-101 98½- 99¾ 98¼- 99!1;( 97 - 99¼ 1st consol., 1936 ... 4¾ 108¾-109¼ .... - . .. 109 -109 109¾-110~ 110 -112¾ 111¾-112% 109 -109¾ 108¾-109½107¾-108½104¼-108 108 -108 ...• - •.•• Improvement, 1938.5102¼-104~ 105¾-107 104¼-105¾ 106 -109~ 107¼-108¾ 106¼-106¼ 105¼-106¼ 104¾-105¼104¾-106 105 -106¾104~-106¾104 -104 Des Mo. Uulon-lst .... ~ ... . - . ....... - ....... - ... . 1073,(-108 ...• - ........ - •. . ... - ........ - ........ - ........ - ........ - .......• 76 - 77 70 - 70 ?2 - 72 72¼- 72~ 76 - 77 68 - 70 - ..... . .. Det. & Mack.-Hold ... 4 ... - ... . .... .Duluth & I. R.-lst ... ~ 107¼-110 110 -110 111 -111 109 -109¼ 108 -109 105 -109 110 -110 111¼-112 110 -110 110 -110 108 -108 108~-108~ Dul.S.S.&Atl.-1937.~ lll¾-111¾ 112 -112 112¾-115 ll:3¼-114¾ 114¼-114.½ 115¼ ·116 113 -114½ •••• - •••..••• - •.•. 110½-110¼110½-110¼112 -112 ~ E.T. Va. & Ga.-See So. .Ehr. Joi. & E.-lst, g .• ~ lO!l¾-106¾ 106!1;(-108 lQS¾-109¼ 1093,(-110¼ lll -111 106 -108¼ 109 -110¾ .••• - ........ - .... 10$¾-109½ ..•• - ........ Erle- - ........ -- ........ -- - ........ - ........ - - ........ - ..... - ········ - ........ lat, Es:t., 1917 ....... ~ 117 -117 115~115¼123!,r~117 -117 .... - .... 118 -118 121 -121 ...• - •...•••• - .... 118 -118 114~-114:~ .•.. - ••. . .•.• - ••. ll5¼-117¼ .... • - ••.. ·••• - ........ - ........ - .... 121 -121 .... ~d, Ext., 1919 ......... ~ .... - ........ - ... . ... . - .....••• - . .•. 116¼-116!14 116¼-116½ •••• - .... 114 -114 110).(-110?>4 •••• 3d, Ext., 1923 ....... 4¼ ... . - •... 121 -121 .•.• - ........ • ••• 121 -121 .... - ••.. 116~-116¾ •••• 4tb, Ext., 1920 ....... ~ 121 -121 - .....••• - .••.•••. • •••..••• - •••.•••• - ........ - •.•• - .... 106¼·106¼ .... 6th, Ext., 1928 •. .... .4 .... - ........ 1st, coneol., gold ...... 1 145 -145¾ 145¾-145¾ ..•• - ... . 142¼-143¾ 14.4 -144¼ 1447-{-144.M 144¼-145 14.3½-lU½ 139¼·141~ lU -141 139½-142~ 135 -14.0 - . ....••• - •••. 141¾-141¼142 -142 .... - ••..•••• - ........ - .••• - .... 139¼-139½ .... Long Dock cons.'3~. 6 .. . . - •.• . •••• - •••• - ........ - •••.•••• - .....••• - ........ - •••...•. Buff.N.Y.&E.,lst.7140-140 14.0-140 - ........ - •••••••• - •••.•••• - •.• . 106 -106 - ... . .... .Jefferson RR,,lst,g.~ ... - .... 106 -106 ...• Chic. & Erie, 1st, fl .. ~ 111¼-114. 113¼-114. 114.½-115 116 -116½ 113¾-115 115 -116 115 -116¾ 116¾-116¾116¼-116¾116¼-116½1U: -115 114 -114¼ Erie91¾- 93¼ 91¾- 92½ 90 - 92¼ 90 - 91¼ 91 - 92 88 - 91¼ 93¼- 95 92%- 94 1st con. prior lien, g.4 92¼- 95 93 - 94½ 92½- 93% 93 - 9!l "'I - ...• - •...•••• - •••. •••• 93¼~ 93¼ .... - ........ - .•.. Rea-istered . .. .... 4 .... - .... . ... - .... 93 - !l3% ...• 72 - 74¾ 72¼- 74¼ 72 - 7a¾ 70 - 73 70 - 72 70¾- 72 66¼- 71½ 70¾- 73 1st con. (fen.l.,'96.3-4 72¼- 77 71¾- 74. 72 - 74.¼ 72 - 73 - ••.• •••• -111 111 ••.. •••• -111 110 .... .... -110 110 N. Y. Sus. & w., re1.~ 107 -i09 108 -108¾ 107¼-109 108¼-110 111 -112 110¼-112¼ Gen., gold, 1940 .... ti 95 - 99 95¼- 98 95¾- 97¾ 97 - 98½ 97¼- 98 97 -101¼ 99:J.(-102¼ 97 - 98½ 96 - 97 95½- 97 95 - 96!1:( .... - •••• Terminal, l8t,gold.~ .... • . . . . .. - ........ - ... . .... • .. .. .... • . ....... - . . . 111½-lll¼ ..•. - ........ - . .•.•••• - ..•.•••• - ••.. 106 •106 Wilk.& E., 1 st,'4'l.~ 98¾-102¾ 102 -104 103!1;(-106¾ 106 -10!:l¼ 107:J.(-108 107¾-108 106 -106% 106¼-106½ 106¼-106¾ 106 -106 105¾-106 103 -105 Mldl'd of N • .J., 1st.ti .. . . - .. . .... - .... 122 -122 120 -120 120 -120 . ... - ... . 122 -122 •••• - •••.... - ........ - .•..•••• - ••.. 116 -116¼ Evans. & T. H -Cons .6 121½-121½ . ... - . .. . ... - •.. . 124 -124 . ... - ... 125¾-125¾ .••• - •... 125 -125 124.½-125¼ •••• - •••••••• - .... 127 -127 1st, r;r;en., 1942, gold.~ 100¼-102 101 -105¼ 104½-106¼ 103~-105 102¼-103½ 102¼-103 103 -103~ 102½-106½ 105¾-107½ 102½-105~ 104. -105 102¼-104 Ev. & I.-lst,con . .'26 .6 100 -103¾ .... - .... 91l¾-100 98 - 997/4 102¼ 103 103 -103~ 100 -100 . ••• - .. ...... - ........ - ••...••• - •••.•••• - ... . Flint & Pere Marq •.... fi 121 -122¾ 122¼-123 120¼-124. 121 -122¾ 123¼-1~ 122¾-122¾ 122 -122 122¼-123 .. . • - . ....... - ........ - • . .. 117¼-120 1st cons., g., 1939 ... ~ 10~-101¼ 100¼-101½ lOo,(-102¼ 102½-105½ 103 -105 106 -107 105¾·106 105 -106 105 -106¼104 -106 103 -103½101 -103 Pt. Hur. Div., ht . . .. ~ 100 -102¾ 101 -106 104¼-106 103 -104 103¼-110 105 -107¾ 107¾-107¼ .... - .... 107~-107% 105 -105 106 -106 105 -105 - •••• - ........ - ........ - . ... ... - ........ Fla. Cen. & Pen,-1st.~ .... - ... . .... - .... 101 -101 ..•. - ....... . Ft. W. & D. C,-lst.4.-6 85 - 87¼ 84½- 86M 83 - 85 83 - 86 84 - 86¼ 82 - 83 77 - 81½ 783'{- 80½ 77 - 80¾ 78 - 79 ?9 -"So¾ 68 - 7~ 9 Ft. W, & Rio GrandeM - 66¼ 65~1 66¾ 64 - 65x 64¼- 65¼ 65¾- 65¼ 62¾- 63½ 60 - 63 60 - 61 63¼- 66¾ M½- 66 lst, 192s.....••.... . a-4 62¼- 63¼ 62 - 65 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BONDS. 81 IS99-C:ontinued. JANUARY FEBR'RY. BONDS. --·--------- MARCH. - - - - - - - - - - -- APRIL. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. ffOV'BER. DEC'BER. - - - - - - - - - - - - 1 - - - -1- - - - l - - - - l - - - - - l - - - - - t - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.HlghLow.HlghLow.HlgbLow.Hfgb Low.High ---- ---- - - Galv. H. & H. of 'S2.. :S 91)¾-101¾ 100 -10'~ 100 -102¼ 100 -103¾ 103 -105 103 -105 105 -105½ 105 -105 .••• - ••..••• - •••..••• - ••..•••• • ••• . G.H.&S.A.-SeQS. P .Co. Ga.Car. & :N.-lt1t,gu.-:i 100 -100 .... - ... . ..•. - .... 103 -193 101 -101 .••. - ... . ••• - .................. - •••.•••• - •••. •••• - ••• .... , •••• Go.. Pacific-See 8outh'n H.& "t •.J.-SeeC.B.&Q. Hock. Val.-lst, con,4½ •··· - ...... . - .... .. - .... 102 -103¼ 101¾-103½ 101½-103 101 -103 101 -102 100¼-101¼100¼-101¼101 -101¼ ~-101¼ C. & H. V., 1st, ext .. 4 •··· - .... •··· - .... . .. - ........ - .... 105½-107 107¼-107¾ 107¼-107¾ .... - ••..••• - ........ - •••••••• - •••••••• • •••• B. E. & W. Tex.-lst,:i 9~102 101 -104 102¾-104½ 103 -104¾ 101 -102¼ 101¼·103 104 -10!1.½ 104¾-104½103 -103 103 -103 •••• - •••• 101 -102~ H. & T. c.-See So Pac. Illinois Centrallt1t, gold, 19:il........ 4 -·· - .... 112¾ 112¾ 113 -114 107¾-113¼ 114 -115¾ 115¼-115¼ 113¼-113¼ .••• - ........ - ........ - •••••••• - •.•••••• - •••• Gold, 19~Z ............. 4 105¼-107 106¼-107 105 -105 104¾-106 105~-106 106;.{-106¾ .••• - ........ - ........ - ........ - •••. 101 -101 103 -103 Reaistered ...... .. ... 4 l ~-104:>:( . • - .... . ..• - .... .... - . . • . •.• - . . . . . • • . . . •.• _ ........ - ........ _ •••.•••• _ •••••••• _ •••..••• _ •••• Gold, l9:i3 ............ .4 103 -104 103¾-104½ 104 -105~4 104 -107 104½-106 105½-106¾ 105¼-105¾ 105 -105 11.06 -106 •••. - .... 101¼-103½ 100 -100 1st, gold, 19~1 ... ... 3½ 103¼-105 .... - ... . .... - .... lO!i -107¾ .... - . ... 106 -106 . ... - ••••...• - ......•• - ....•••• - .... 106 -106 ..•• - •••• Loulsv. Div., a-old.3½ ll3¾- 95 9!i%- 97¾ 97½- 99½ 98¾-105¼ 103¾-104¾ lO!i¼ 105¾ 102¾-103¾ 102½-102!14102 -103½ ••.. - •... 101 -101½100 -1013' ·St. Louifl Dlv., gold .. 3 81 - 83 83 - 83½ 82 - 83 81½- 91½ 91 - 92 91 - 92½ 91 - 91½ 91¾- 91¾ ..•. - .... 90¼- 90¼ 89¾- 89¾ 88½- 88½ Gold, 19~1. ........ 3¼ 9! - 94¾ 9!i¾- 98¼ 96½- 97½ 96 -104¾ lO!i¾-104½ 104¾-105½ 103¼-103¾ ••.. - ........ 101 -101¼101¾-101½ 99¾-100¼ Registered ....... 3¾ .... - ....... - ........ - .... 103¾-103¾ .... - .. .. .... - ........ - ........ - ........ - ... 101¼-101½ .••. - ••...••• - •••. Western Lines, lst .. 4 . . . . - .... 104 -lO!i .. . . - . . •. 108 -108 112¼-112¼ 114¼-lH¼ . • • . - • • • . . • . • - . . . . . • . • 111 -111 . . • • - ... . 109¼-110¼ Midland Div., lst .. 3½ .... - ... . . . - ........ - ........ - .... 123 -123 .... - ... . .... - .... . .. - ........ - ... . .••• - •••..•.• - ..•.•••• - •••• Springf. Div., lst .. 3½ . ... - ........ - ........ - ........ - ........ - .... ... . - ........ - .... . . . - .... ... - ........ - ........ - ... . 95 - 95 C. St. L. & N .O.,g.cp.:i 120 -126 126¼-126¾ . ... - •••. 128 -128 128~-128¾ .••• - •.• . 127l!4-127¾ 127¾-128 .••• - •••. 127¾-127¾ 125¼-125¼ 124: -12! Rea-ietered .. ........ . :S . . . . - • .. . . . . . - .. . . •••• - . . • . . •• . - . . . . . . . . - . . . . . . •• - • . .. . . . - . . •. . . . . - • •• . . . . . - . . . . . . •• - . •• . . . • • - ••~. 125 •126 • Gold, 19~ 1 ... . ..... 3½ .... - ........ - ........ - .... 100 -100 .... - .•...••• - •••..•.. - ••• . .••• - •••..... - ... . .•.• - ........ - ............ . Mem. Div., 1st, g ..• 4 .... - ... . 104½-104½ .... - .•....•• - ••. . .... - ... . •.•• - ... . .... - •••. 106¼-106¼ •••• - •••.•••• - . •. . •••• - •••••••• • •••• Belle. & Caron., 1 st.6 . . . . - .... 121 -121 . . . - • . . . . . .. - . • . . . • • - • • • . . • • • - • . . . . . . • - • . • . . . • . - •. • • . • - • • . . . • •• - ........ - •••• • ••• - •••• St. L. So., 1st, guar .. 4 .... - ........ - ........ - ........ - ........ - ........ - ........ - ........ - .... 104 -10-i .••• - ....... - •••••••• - •••• Ind. Dec. & Wet1t'nlt1t, aold, 193:i ....... . :s 102¼-103 .... - .. . . 105 -106 105~-105½ 106 -105 106¼-106½ 104 -104 .•.• - ........ - ••.. 104½!106¾ .... - ........ - •••• Ind. Illinois & Iowalst, refund'g, 1948.. :i 104½-106 106 -106 106 -108 105¼-106 . ... - ........ - ... . .... - .... 107 -107 107 -108½ .... - .... 106½-107'¼105 -10?'¾ , ;Jnteroat'l & Gt. No.1st, 1919 ... ........... . 6 12-i½-125 12-i½-125 124¾-125 125¼-126 123 -125 125 -125 12!i -125 124¾-125 121 -122 121¾-12!i 119 •119 120 -120 92 - 95 91 - 94 92¼- 93 2d, 1909 ........... 4½•:i 93 - 95 •94½- 97 92¾- 94 92½- 93¼ 93 - 96 93 - 93½ ... - . . . 91¾- 92¼ 87 - 92 3d, 1921. .............. 4 60 - 62 61 - 63 60 - 60 60 - 62½ 61 - 62» 62½- 63 63 - 66 64 - 66 63¾ - 65½ . .. • - . . . . 62 - 64 55 - 61 Iowa Cent.-lst, a-old .. :i 107 -110 107 -110 109 -110 108¾-110 113 -115 112 -114 113 -114¼ 11¼ -117 114½-116 113 -115 113¾-115¼107 -11~ Kan.& M.,,-See T.&O.C. K.C.P.& G.-lst&col.:i 6::1¾- 75 69¼- 75 61 - 72½ 63 - 68 · 65 - 67¾ 58¾- 66 59 - 61¾ 61½- 74¾ 69}9- 7<! 69¾- 73¼ 70¾- '73½ MM- '12'8 Ken. Cent.-See L. & N. Klng8 Co. El.-lt1t, A.:i 65 - 77 70 - 71 72 - 85 . ... - ........ - ........ - ... . .... - •••..•.. - ........ - ........ - ... . .... - . ••.•••• - •••• Fulton J<.;1., lat, guar.:S 59 - 74½ 60 - 65 62 - 85 89 - 89 .... - ..• . . ... - .•...••• - .... ... - •...••• - ........ - •....••• - ........ - .. .. Lake Erle& Westerolst .... .................... ~ 116¾-118 117½-118½ 118¼-119 118¼-121 120 -121½ 120¾-121½ 119½-120½ 120¼-120½ 120¼-120¼ 120 -120½ 121½-121¾ 119 -121¼ 2d ............. ..... : . ..... :i 103½-104¼ 106¼-110 107 -110 108 -108½ 108½-109 108!,t;-110 111 -111 . . . . - .... 113 -lH 113¾-114½ lH½-115 111 •lll .• . - .. . 102¼-102¼ 102 -102½ 103¼-103¼ ••• - .... 106 -106 103½-103½ 103 -103 l03l,4-106¼ North Ohio, lt1t . ...... :i 100 -102 101 -101 105 -105 L. Shore-See N. Y • C. •L eh. Valley, N. Y.lat, guar., ,zold... ... 4½ 105½-106¼ l.05½-106 106¼-107 107 -107 108¼-110½ 109¾-112¾ 109¾-109¾ 109¾-109¾ 109 -111 110 -110½ 110 -110 •••• - •••• Ree-istered .... .. ..... 4½ .... - ........ - ........ - ........ - ........ - .... . ... - .. _. .... - .... 107½-107½ .... 108¾-11.18¼ 108¾-109~ •••• • •••• Leh.V.T.,r.lst,1941 .. :i 113 -113¼ 113 -113¾ 113½-113¾ . ... - ........ - ........ - •... 113 -lH 114¼-ll<i¼ ..•• ••.. - ........ - •••. 110 -111~ Regiatered ............. ~ - ........ - ...... -. - . ....... - ........ - ....... - ... ... - - ........ - ........ - ... . 109¼-110 .... - •••··••· - •••• Leh. Vo.I. Coo.1-lst.... :i .... - . .. . 96 - 96 .... - ........ - ........ - . .. 96 - 96 .• . • - •. •• 101 -101 .••• - ........ - ••. 103!>(-103¾ •••• - •••• Leh. & N. Y.-lt1t, gu.4 91½- 91~ 92 - 93 .... - ........ - ... . . .. - ........ - ... .. ... - ....... - ........ - •••.•••• - ................. - ... . El. C. & No., guar, .. . :i . . . - ........ - . .. . . . .. - . . . . . .. . - . . . . 99"·100 100 -100¾ 100¾-101¾ 101 -101 101¼-101¼.... - •.•.•••• - •••. ··~ - •••• L. Av. & P. F.-see Met. L. R. & M -lst,:is,t.rc. 35 - 35 33 - 35 35 - 37 35 - 35¾ 35¼- 35!1( .... .,, •••..••• - • •• • 37¾- 37½ 38 - 38 39 - 38 36 - 36 37 - 37 L. lt1l'd-lt1t, con.,'31.:S 120 -122 .... - .... 122¾-12274 123 -124 124½·12!i½ ..• . - •... 12!i¾-12i½ ..• - ........ - ••..•••• - ........ - ........ - •••• Ferry, 1st, 19Z2 . .. 4½ 99 -101 101 -101 99¾-100 ...• - .... 100 -100½ ... - ••. . 101 -101 .... - ........ - ........ - .... 98 -100 98 -100 Gold, 183:l ...... ..... .. 4 .... - ........ - ........ - ........ - ........ - .... . ... - . ....... - ... . .... - ........ - ........ - .. . 101 -101 94 - 94 Gen. mort., 1938.... 4 98 - 99¾ 99¾-100 100 -100 100 -100 100¾-102 98 - 99¼ 100 -100 .... - ... . 99 - 99 96 - 96¼ ..•• - ... . 9!i - 95 Unified, 1949- ....... .4 ... - .... .... - ... ... .. - ... .. ... - ........ - .... .. .. - ... . ... - ........ - ... . .... - ........ - .... 87½- 87½ .••• - ... . N. Y. & R. B., lat .... ~ 100 -100 .•• _ - ••.. . ... - ........ - . ... -·· - . . ...... - ....... - ........ - ........ - •.. . •••• - ........ - ........ - •••• N.Y.B.&M.B.,coo .. 5107 -107 .... - ........ - ........ - .....•• - ........ - •.. _ .... - ... . .... - ........ - ........ - ........ - •.. . •••• ••••• N. Sh. Br., lt1t, con .. 5 .... - ... . .. - ....... - .... 100½-100½ . ... - ... . .... - ........ - ... . .... - ........ - ... . .... - •••...•• - •.. . •••• - •••• Louisv. Ev. & St. L.Cona. :is, Trust rec.... 50 - 52 50 - 56 55 - 72 62 - 67 56 - 60 55 - 60 56 - co 56 - 61½ 60 - 62 68¾- 62½ 63 - 66¾ 55 - 62 Gen'I, gold, 1943 .... 4 ... .... - .. . . 6 - 10 .... .... - . . .. 6 - 6 ... - . . . . 6 - 9 .... - ... . 8 - 8 7 - 8 7¾- 8 Loult1vUle & Naehv.J N. O. & Mob., ht .... 6 129¾-129¾ . ... - . . . . 131 -131½ 131½-131½ 132¾-132½ ... - .... 131 -131¾ 131¾-131½ .... - .... . ... - ... . 132¾-132½ 131 -131 2d ................. ...... 6 .... - ... 117 -117 1177,(-122 121½-121~ 120 -122 121¾-121½ 121½-121½ .... - .... . ... - ........ - ••.. .••• - ..... . .. - ••• E. H. & N., lst ........ ti .... - ........ - .... . ... - ... . .... - .... .... - .... 113½-113¼ 113 -113 ... - .. 114¼-1H¼ll4 -lH .... - ••. . 111 -111 General mortgaire ... 6 117J.9-119 116½-121 119 -120 119¾-120¼ 120¾-121 117 -117¾ 117½-118¼ 116 -118 .... - •... 120 -120 117 -119½ 115¾-117 Penso.cola Dlv ........ 6 ... - ... .. ... - ... . .. .. - ··-· 107 -107 . . .. - ...... . . - •.•. 109 -109 .•.• - .... 109 -109 ... . - ... 109¾-109½ .... - •.•• St. L. Div ., lat, '21.6 - ........ - ..... ... - ........ - ........ - ........ - .... . ... - ........ - ........ - ... . .... - ........ - .. . . 124 -124 2d, a-old ....... ....... . 3 .... - ........ - ........ - .... . ... - ..... .. . - ........ - . .. . 67¾- 61¾ .... - ... . .... - •.. . 61 - 66 .... - .... 66 - 66 Pent1ac. & Atl.-lt1t .. 6 111 -112 .. . - .... lll½-111½ 112 -112½ 112¾-113 112 -112¾ ... - .... 113 -114½111 -111 112 -112¼ 111 -111 111 -112 Naab. & Dec., lst .... '7 .. . - ........ - ........ - ........ - ... . .... - ........ - • . •. . ... - ........ - ... . .... - ••.. 103 -103 .... - •••.•••• - ...• ~8-year, gold, 193'7.:S 1071/4-109½ 109¾-109¾ 108¼-110¼ 109 -110 1077-(-107¼ .... - .•. 109 -109 -.. - ... . 109~,!-109}4 ...• - .... 106 -107 105¾-108¾ Unified, gold, 1940 .. 4 95¾- 96¾ 94%- 96¼ 95 - 96½ 96 - 98¾ 98½- 99½ 98½ -100½ 98~-100¾ 99¾-100¼ 99½-100¼ 99¾-100 99¾-100½ 98 -100¾ <:oil. trut1t, 5•20s .... 4 . ... - .... 100 -100¾ 100¼-101 98¾- 99 98½- 99¼ 98¼-100 99¾-100¼ 99½-100½ 99¾-100¼ 97¾- 93½ 98 - £8½ 9d - 98¼ ()ol. trust, &°•• 1931 ... 6 108 -103¾ 109 -110 109¼-109½ 109 -110 108 -108 1087-(-108½ 108½-108½ .... - ....... - ....... - •••..... - •... 105 -107 L.&N.&M.&M.1st4½ 108 -108 .... - .... . . . - ........ - ........ - .....•• - ... . .. - .... 108¾-108¾ -· .. .... - ... . 107¾-107¾ . . .. - ...• No.t1h.Fl.&S.,lst,gu.~ 107¾-109¼ 106¾-107¾ 106½-107¼ 107¾-107¾ 107%-108½ 108 -109 110 -110½ 108 -108 lOi½-10';"½108 -108 109½-110 109 -110 So.&No.Alo..con.gu.:S . ... - . ... 107¼-107¼ 106%-108¾ 108½-106½ 106;),(-109¾ 106¾-109 .... - .... 108¼-108½ .... - .... 109½-109~ .... - ... . ..•. - •••• Ken. Cent., 1987 ..... 4 91 - 92 ll!i - 9-i ... - .... 95 - 96½ 96 - 96 97 - 97 96 - 97½ 98 - 98 98 - 99 98 - 99 97½- 9fl¾ . ... - .... Loa.&Jeff.Br.,gu.4 .... - ........ - ....... - ........ - ... . .... - ....... - ... . 97!1:(-98,½ •••• - .... 93 -9! 96),(-96),( .... - ... . .... - •••• L.N.A.&C.-SeeC.I.&L. .ManhattanConsol., 1990 .. .... .. . 4 95 -106¼ 105 -107 104½-109½ 109¾-112¾ 109 -110¼ 109 -109½ 109 -110 109½-110 108¼-109¾ 106½-107¾ 105 -107 100 -106M Metropol.Elev., lst .. 6 116 -117 116½-117½ 117 -117¾ 117½-121½ 120 -121 121 -121¾ 118 -119 118 -119 1197-(-119¾ 117¾-119 116 -118 lU -lli¾ 2d, 1899 .............. 6 102¾-102¾ 102¾-102¾ 102¾-102¾ 10~%-102% 100%-101¼ 101¼-101¾ 101¾-101% 101%-101%102 -102¼ . ... - ........ - .... . -- - ... . Metropol. Street Ry.General ......... . ....... :, 118¾-12-i 120½ -122 120 -121½ 121 -123¼ 122 -123 121¼-123~ 123½-IU 120¾-121¼ 120 -120½ 120 -120¾ 119½-123 1il -120¾ B'y & 'tlh Av.,1943.:i 122 -125¼ 122 -124 122 -12i 12i -12-i 123½ -12-i 121 -123 . . . . - .... 122¾-122¾ 122%-123 122¼-123 122¾-123 118 -121 Col. & 9th Av., bt .. :i 123¾-127 126 -126 12-i -124 125 -125 125 -125 125 -125 126 -126¼ . . .. - ... . .... - .... 12!i -12! .... - •... 1237-(-124 Lex. Av. & Pav. F .. :S lZ!i¾-126½ 126½-126¾ 12-i -124¾ 125½-126 125¼-126 125 -125½ 125½-127¼ . ... - .... L21 -12-i 12-i -12i 124¾-12!i½ ll8 -125 Jllet. W. S. El. (Ch.) ... 4 . ... - ... . .... - .... . ... - .... 92 - 90¾ 94½- ~8 97 - 98½ 97¾- 98% 95¼ - 96½ 95 - 96½ 94½- 96 95½- 97½ 94½- 97½ Nex. Cent'I-Consol...4 68!1:(- 68¾ . ... - ..... . .. - •.• . .... - . . ..... - ' ... . 77 - 77 ...• - . . .. 78½- 78½ 74 - 78 76½ - 77¾ 77 - 77½ 77¼- 77¼ lt1t consol. Income ... 3 . .. . - ........ - . .. . . . - . .. . 16½ - 25½ 21 - 23¾ 20¼- 21¼ •••• - . . . . 21 - 23½ 23 - 29¼ 25¼- 27¼ 25½- 27¼ 18½- 26 2d consol. income .... 3 .... - ....... . - .. . ..... - .... 9;J4- 14¾ 11¾- 13½ 10¼- 12¼ 11%- 13¼ 12 - 13½ 12½- 14½ 12 - 13¾ 12 - 13 8 - 11 \J(ex. Int.-ht. 194~ .. 4 84½- 86¾ 86¼- 88¾ 85¾- 87¾ 87 - 88¼ 87 - 88½ 86¼- 88½ 86½- 87¾ 86M- 87½ 85½- 86½ 86 - 87¼ 87 - 88 86¼.- 87¾ }.llexico.n No.t'l-lst .... 6 .... - . ....... - ..... . . - ..... .. . - . .. .... - ....... - ... . ... - .... . ... - ... . 100 -100 .... - . , . .. - ••• . •••• - •••• Zd Income, B . ...... 6 ... - . . .. -··· - . .. . .. .. - ··- · 14 - 14 ·-·· - . .. . --- · - · -· · ... . .. - ... . - .. .. .... - .. . ..... - ........ - ... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R.A.ILRO.A.D BO DS. 82 1899-Continued. BOND~ -·-------·- -- JANUARY FEBR1RY. MARCH. 1 MAY. JUNE. JULY AUGUST. SEPT BER. OCTOBER. Nov'BER. DEC'BER. APRIL. - - - - - - ------•·----•·------1-----1 -----1-----1---~1----1----- Low.High Low.High Low.High Low.High Low.High Low.High Low.lllgh Low.High Low.High Low.High Low.High Low.High Mexican North'n-lat.6 .... - ........ - ........ Mich. Cent.-See N. Y.C. Mllw.El.Ry.&L't ... ~ .... - .... 103½-105½ •••• ltl.L.S.&W .-see C.&N. M. & N.-SeeC.M.&S.P. Mlnneap. & St. Louiaht, con., 1934, g .... ~ 110¼-112 112 -113 113 lat, gold, 1927 ........ 7 145 -146 •••• - •••..•.. - ........ - ........ - ........ - ... .... . - ....... - ........ - .... 108 -108 .... • ........ - •••• - ........ - ..•.•.•• - ........ - ........ - ....... - ........ - •... 106 -106 -113½ 1133,,i-115 - ••• . 150 -150 .... - •••·•••• - .. .. 113¼-115 lU¾-115½ ll~-115½ 115¾-116 115 -116½ 115 -115½ 111 -113 111 -u~ ...• - ........ - ........ - ....... - •• • ••. - ....•••• - ....... . - ......... •••• tt~t:·h;l:.~:~i :~ :~. : : :: : : ::::: :: ::: :·: : :··· :~,.: ~:: :; :'"~- :~~~.~: :; ::1:~ :~;: : ~~ :~:: :~i :i;:: j Minn. St.-lst, consol.~ .... - ........ - ........ - ........ - ........ .... - . ..... . . - ........ - .... llCl¼-llOJ.§109 -109 •••• - ........ - ... . Mo. Kan. & Texaslat, gold, 1990 ....... 4 91¾- 95 93¼- 95½ 93 - 94¾ 93¼- 94½ 94 - 06 93 - 94 92½- 93¼ 93 - 95 93 - 94 7 91¾- 93,<I 92¼- 93¼ 86 - 91¼ 2d, Income, 1990 ..... 4 67¾- 71 65½- 69 66½- 68¾ 67 - 68!}.! 65¾- 68 66 - 68¼ 6'; - 69¾ 65¼- 73¾ 69 - 73½ 68¼- 70 69 - 72¾• 63 - 70 1st, exten •• g., 1944.:i 82 - 90 83~- 85 84 - 89 88:►.t- 91 88 - 89 88 - 89 88½- 69 88 - 95¾ 93 - 96¼ 93 - 94½ 90 - 95¾1 90 - .95¼ M. K.& T. ofT., 1st.~ 86 - 90 87 - 90 86¾- 88 86½- 83½ 877k 8l'½ 88½- 90~ 88 - 91 91 - li5 89 - 93 90 - 92½ 91 - 94 92 - 94. K. C. & P.,lst, 1990.4 75¾- 82 79 - 80 77½- 79 79 - 79 77 - 79 78!,,f- 80 77 - 79 78 - 78 77½- 78 78 - 78 76½- 78 77 - 78 Dall. & W., 1st, '40.~ 85 - 88½ 88 - 95 95 - 95 95 - 95 .... - . ... 95 - 95x 95½- 96½ 95 - 95 .•.. - •••. 94 - 94 Booneville Bridge ... '1 .. . . - . . . . . . .. - . .. . . . .. - . . . . . . .. - . . . . . . . . - . . .. . . . - . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - .... 100*100:>l!.... - ••• Mo, Kan. & Easternlst, 1942............ . ... ~ 101¾-105 104 -105 103 -106 102½-103 103 -106 10!!½ ·105½ 107½-107¼ 105 -105¾105¾-107 106 -106½104½-105½101 -105¼ Missouri Pacific1st conaol. ............. . 6 108¾-114% 113 -115 114½-121 1119 -121¾ 116 -119 116¾-117¾ 118 -119½ 118 -118¼ 117 -118~ 117 -118½ 115¾-116¼ 109 -115~ 3d, 1906 ................ 7 114½-115½ .... - .... 114½·114l12 . . - . . 114 -117 115 -115 115 -116 115}.(-115!4116 -116 115 -116 112 -113½ 114 -114 Trust, gold, 1917 ... . ~ 91½- 96 9i¾- 96 92¾-100¼ 99 -100¼ 98 - 99 9i¾- 93½ 9i -100½ 99¼-102 97 · - 98½ 96¾- 98 97 - 98 9! - 97¼ lat, collat., a,, 1920.~ 88 - 96 90¾- 93 90 - 90¾ 9Z½- 94 90½- 03 91 - 94½ 94½- 98½ 95½- 97½ 9!¾- 96½ 94½- 96 93 - 95 89¾- 94¼ Pac. of Mo.-lst, ext.. 4 1073'-107~ 106 -106 106 -107¼ 1l0i -108 . .. • • ... ..• 109 -109 107 -10~ ..•. - •••..... - ... . 106~-107 104~-104~ !ld, 193S, ext ........~ lll¼-111¾ .••. . ......• - .•.. 113½-115 .. .. - .... 105½-105¾ 111½-111½ .... - ........ - ... . .••• - .... 110 -110 ..•• - ••.. St.L.&I.M.Ark.B.ex.~ 105¾-106 106 -106½ 106*106½ 106¾-106¾ .... - ........ - .. . . .... - ........ - ........ - •....... - • . . ••. - •••..•• . - .. .. 1st ext., 1941 ... . 4½ 105½;-101>¾ 105½-105¾ 1105½-105¾/Cl6 -106¼ .... - . . . 106 -106 ...• - •.....•• - .•...... - ... . .... - •••••••• - •••• ~d ext., 1946 ........ ~ 106¾-107½ 106½-106¼ 106¾-106¼ 106½-107¾ 105 -105 . .. - .... 105½-106¼ .... - ......•. - ........ - .. . .. - ... . ...• - •••• Gen.consol. & I. g .. li 105 -111¾ 110½-112 110)4-112 108 -111).t t00¼-111¾ 111 -111¾ lll¼-114¾ 113J,si-114¾112 -114 109½-110¾ 109½-110½ L07 -110 !Stamped, llUBr . ... ~ 110 -111½ .... - . . . . Lll · 111¼ ... - ... 111 -111 111¼-111¼ 111½-111½ .•.• - ... . .... - •... 109 -109 109 -109 108½-109¼ New 30•vear ........ 4 .... - .... . ... - ....... - .... 85½- 88 85½- 87½ 85 - 86¼ 85¼- Si½ 84!4- 66¾ 82 - 84¾ 81!4- 82¾ 80 - 83 73 - 82~ Mobile & Ohlo-New... 6 125 -126 128 -128 126¾-128 127½-129¾ 129 -130¾ 127¼-127½ 12i½-127~i 129 -129 .... - •.. . .. - .... 127¾-127¾ 126 -126 1st, Exten., 19:l'7 .... 6 118½-118½ 117 -118½ .... - .... 118½·118½ 122 -122 121¾-121¾ .. .. - ....•.. - ....... - •.. ..... - ........ - •...... - ...• Montirom. Div., 1st.. ~ 106 -108 106 -107 1011~-107 107¾-108½ 107½-108¾ 109 -109 108¾-109¾ .... - .... 108 -109 109 -109 .••• - .••. 103¾-106 Gen. mort., 1938..... 4 82½- 86 86 - 88 83½- 86¾ 84 - 88 86 - 87½ 85¾- 88½ 86 - 87½ 86½- 90 85 - 87¾ 84 - 85¼ 8!¾- 85 81½- 85 Mor.L.&T.SS,-See S.P. :Nash. Chatt. & St. L.ht ........................ '7 132 -132¼ 132¼-132¾ 132 -132¾ 132¾-132½ .... - ........ - .... 131¼-131¾ 131 -132 130 -130 .... - •... 130 -130 12\J -129 2d, 1901 .... .. ......... . 6 .... - ........ - .... .... - ... .. ... - . ....... - ........ - ... . .... - ... . .... - .... 101 -101 .... - ........ - •••. .... - •••• Consol. ir., 1928 . ..... ~ 108 -108 108 -108 108 -108% 105¼-106 105%-106 105%-106¾ 107½-108 lOi¼-108 108 -10~ 105%-106¾ 106 -107 103¼-106 1st, T. & P. Br.,' 11.6 .. . . - . . . .. .. - . . . . . . . . - . . . . . . .. - . . . . . . . - . . .. . . . . - . . . . . . . . - . . . . . . . . - . . . .. . . . - . . . . . . . . - . . . . . .. - .... 111 -111 Jasper Branch, lst .. 6 ... . - ........ - .... 115 -115 ... - ... . .... - .... , ... - ........ - ••...••• - ....... - •.... ••• - ........ - •... 113 -113 New York CentralN. Y .C. & H., 1st, cp .. '1 114¾-117¾ 116½-116½ 115 -115 lU¾-114¼ 114¾-115½ 115½;-116!,,( 113 -113 lll¾-112 112 -112 lll¾-112¾ 112¾-ll2¾ 112¾-112~ Registered ........... ?' 114¼-117¾ 117½-117¾ 114¾-114½ 114¾-114¾ 116 -115 112 -115¼ . .•• - ........ - ... .. .•. - •.. . 111½-lll¾ .... - ....••• - ...• Deb., 1884-1904 ... ~ 110½-113}( .... - ........ - •••. 107¼-109¼ 108 -108¼ 109¼-109,1i 109 -109¼ 109 -109 .••• - .... 106½-107 106¾-lOOX 106¼-106~ Registered ..... .... ii 113}(-113¼ ..•• - ........ - ........ - •...•••• - ........ - . .. • ••• - • . . . • •• - •••. 106%-10~ 105¾-107¾ 106 -106½ 106¼-106,( Deb., ,i., '90-190~.4 .... - . .. . ... - ...... , . - ... . ... - .... 105 -105 103¾-103¾ .••. - •••••• •• - •. . . ...• - •.. . ..•• - •••.. ••• - •... .• • - •• Debt certs., ext., g.4 105½-106¾ 107¾-107¾ - ... . 105 -105 104!):(-104¾ 103½-104¾ • •• • - •. .. 103 -103 101%-101¾.... - .... 102½-102½ . ... - •••• Re1rlstered ........ .4 .... - ........ - ........ - ........ - ........ - ... . .... - . . . . ... - ... . 102¾-102¾~.••• - ••.....• - . .. . .... - ..... .. . - .. .. Gold, 1991 ......... 3½ 110¼-112½ lll¼-111½ 111¾-112¾ 112 -112¾ 111%-112!J:( 112½-113¾ 110¾-111 110½-110¾ 1103,s-lll½ 110¼-11Q¾l09¾-109~ 109¾-110¾ Registered ... .... 3½ . . . . - .... lll¾-111½ .... - •••. 112½-112½ .... - .. . . . . . • - . .. . • •• • - ........ • ........ - . . . • • • • - .... .. . • - . . . . . . • - •••• Harlem-1st, coup .... 1 108 -108 . ••• - • ... 106 -106 . . • • - • . • . . . • • - .... 103¾-103¾ lOi -lOi lOi -104 . . . . - . . . . .. •• - • . . . . . . . - . . . . . . .• - •••• Registered ........... , L06¼-106¾ - ••.. 106 -106 ..• - .... 103 -103 104 -104 ..•. - . . . 104 -104 ..•• - ... . ... . - ... . .... - ••.. 101¼-101¼ West Shore, guar ... . 4 110¾-113 112 -112½ 112 -114½ 113¾-114¾ 114 -114¾ 114¾-11~¾ 114¼-115¼ 114 -115 112 -113¼ 112 -114 113 -114 111 -113¼ Registered ............ 4 109¾-113 112 -112¾ 112¾-113¾ 113¾-114½ 113½-114¾ 113¾-115¾ 114 -114% 112¾-114½ 112 -113 112 -113 113 -113x L08¼-ll.2¼ Beech Creek, 1st, ... 4 . . . . - ........ - ........ - .. . . .. . . - ... .. ... - . . . . . . . . - . . . . . .. . - . . . 112 -112 . . . . .. . - • . . . . . . • - ••. . 109 -109 Lake Shore, coll ... 3½ 99¾-102¾ 99¼-100½ 99¾-100¾ 99%-101¾ 101 -103 102¼-103 101¼-102¾ 99!):(-100½ 99¼-100¼ 97½- 99¾ 97¾- 88½ 95 - 98 Registered ...... ... 3½ 98 - 99¼ 98¾- 99% 98¾- 99¾ 98¾-lq<l¾ 100~-102¼ 101 -103 101 -102½ 99½-100¼ 99¾-100 97 - 97¼ 97¾- 97¾ 93 - 97¼ Mich. Oent'l, coll .. 3½ 98 -102 99 -100 98%- 99!14 98¼-100½ 100¼-101¾ 101 -101¾ 101¾-102¾ 100 -100¾ 98¼- 08½ 97 - 99 97¼- 97% 96 - 97 Reirlatered .... .... . 3½ .. . . - . . . . 99 - 99½ 97¼- 99!4 99 - 99 100 -100 . . .. - • .. . . . . . - . . . . . • . • - . . . . . . • • - . . . . 97¾- 97¼ 93 - 93 96 - 96 R. W .& o., con., 1st.~ L30 -132 131 -131 13()¾-132 12d¾-128½ 128½-129 128¾-129 129 -129 128¼-129 128½-128¾ 125%-126½ 122¾-126 127½-129 Osw. & R., 2d, ,iuar.~ .... - . . ...... - ........ - ... 113 -113 •.•• - ........ - •... •••• - ....•.•• - •••.•••• - •....••• - .••..•• - •.. ...•• - •••• Mohawk&Malone.. 4 .... - ...... - ........ - .. . ..... - ........ - ....... - . . .... - ........ - ........ - ...... - .... 106½-10631; .•• • - •..• N. Y. & No., 1st, g ... :i .... - .... .... - ........ - ........ - ........ - .... 123 -123 123 -123 .... - ........ - ••...... - ........ - •••. ..•• • .•• L. S. & M. t-40,, dlv'd.7 102¼-102¾ 102¾-102¾ - ••....•. - •••.•••• - •••..•·. . - .•...... - ..• . .••• - ••••••. - •••..•. • - ••••.••• - ....... • ••• Det. Mon.& T •• lat.'>' .... - . . .. .. - .... .... - ... . .... - ... . .... - .... 128 -123 ...• - ..•..•.. - ........ - •.• . . ... - •. . .•.. - •.•• .. •••• lat conaol., coup .... 1 105¼-105½ 105½-105½ 106½-107 106¼-106½ 107 -107!,,( 105J,:(-105¾ 103¾-103¾ 103¾-103¾ 103¾-103¾ 103¼-103~ 103 -103¾ 103¼-1033,( ]at consol., reg ..... . , 105¼-105)4 106 -1C6½ •••• - •••..... - •.•....• - .... 105¼-105¼ 103¾-103!J:t 103¾-103¾ •••• - ••.....• - ... . 101¾-101¾ 101:l{j-101¾ !ld consol., coup ..... , 116½-116¾ . ... - •••. 117¾-117¼ 117 -117¾ 117 --:117 114¾-115 115 -115 .... - •••.•••• - •. . ... - ... . 114¼-114¾ 110 -110 2d consol., reg....... 7 116½-116½ . • . - . • . .. • • - . . . . . . .. - •••• . • • • - •... 114¼-114¾ . • . • - • . . . - .... 114¼-114¼. ••• - •... 115¼-115¼ lll¾-112 Gold, 199'>'.. . ...... 3½ 106 -107¼ 107¾-108 108¼-110½ 110 -111½ lll¾-112¼ 110¼-111½ 110 -110¼ 109}(-110½ 109¼-109¾ 108½-109¼ 109½-111 109 -110¼ · Registered .... . .3~ 106 -106 . . . . - . . . . . • • - ••.. 111 -111 .. • • - •• • . . • • • - . . . • ... - • • • . . • . . - •...•••• - •••. 108 -108 ..•• 1093,.(-109!,( Mahon. Coal, 1st. .. ~ .... - .... . .. - ... ..... - ........ - ....... . - ........ - ........ - ........ - ........ - ........ - . ... 122¾-122!J:( . ••• - .. .. llllch. Cent., 1st, con., 111¾-112 112 -112 112 -112 112¼-112¾ 100 -110 110¼-110½ 110¼-110~ ll()¾-111 110)4-110¼.... - . • • . • .• - ••.. 107¾-108¼ lat, conaol .. . ........ ~ .... - ........ - ........ - ........ - .... 103 -103 .... - •• .. .• - ... . - ... . ..• - •••.•••• - ••••.... - .... 103 -103 1931 ..... ............... ~ .. .. - ........ - ... . .... - ........ - .... . .. - ... ' .. - ........ - ........ - ........ - ... ..... - ... . 129 -129 . .•• - •••• Registered ......... ~ .. . . - . .. . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . .. .. - . . . . . . . . - . . . . . . . . - . . . . . . .. - . . . . . . .. - .... 127 -127 N. Y. Ch. & St.L.-lst,4 106 -108 107 -107½ 107 -107!):( 106¾-107¼ 106¾-107 107 -107¾ 107¼-108 107½-109 106¼-108 105 -105½ 105¼-106¾ 104¼-106¼ Registered ......... .. .4 ... - ........ - ... . .... - .... 105¼-105½ ...• - •... . •.. - •... 106½-106½ .••• - ........ - •••• 104 -104 103¼-104 105¼-106¼ No Y. N. H. & Ho.rtt'dCon.db. ct., all ins.pd. 173 -174: 174¼-184: 181½-184 181 -191 185 -186¾ 185 -190¼ 187¾-187½ 18'7¼-190 185 -189½ 188½-188" 189 -189 . .•• - . ••• Housat., con., 1931.~ .... - ... . .... - ....... - ........ - ....... - ........ - ........ - ... 133 -133 .... - ........ - •••. 128 -128 N. Y. & N. En,i., lat.7 120 -120¾ 120%-120¾ 120%-120¾ 120%-120¾ 121 -121 121½-121½ 117¾-117¾ .... - .. . 117¾-117~ - .••..••• - ....... - .. .. 1st, 190ii .............. 6 114 -114¾ .••• - •....... - •.•. 114%-114¼ 114¼-115 .... - •.. . 113 -113!,,( •••• - ... ... .. - .•..•••• - .... .... - ........ - .. .. N.Y. On. & W.-lat, g.~ 106 -106½ 106¼-106½ 106¼-107>:1107 -107~ 107¾-108% .... - •....• . . - •••..... - ........ - ........ - •••• . ... - ••.••••• • .. .. Ref., 1st, 1992...... .. 4 104½-105¼ 104 -106 103¼-104¼ 103 -104½ lOi -106 105¾-106½ 105¼-106½ 105½-106Ul03!):(-104½103¾-105 104J,:(-105 101½-105¼ N. Y. S.& W.-Su Erle. Norf. & So.-lat, '41 .. ~ .... - ........ - ........ - ........ - .... 107¾-107½ 107!':(-107¾ lOS½-108½ •••• - ••. .. ••• - .... . ... - ••• •...• - ........ - •••• Norf. & West.-Gen'l .. 6 .... - .... 130 -130½ . ..• - •....... - ........ - .... 135 -135 ..•• - ... . .••• - •.. . ... - •••..•.• - .••..••• - ........ - ... . New Riv., 1st, 1932.6 .... - ........ - .. . .... - ........ - . ... ... - .... .... - .... . ... - .... 130 -130 . . •. - •••...•• - .....••• - •••• Jl28 -128 Sc. Vo.I. & N • E., ht.4 96¼- 97¾ 96½- 97½ 97 - 98¼ 97¾-101 98¼-100 99}(-100 99!):(-101 100 -101 101 -101 100¼-101 96½-100 95 - 99 N.& W. Ry., ht,con.4 88¼- 92½ 92 - 92¼ 91¼- 96 92 - 95¾ 94 - 96 94½- 95¾ 94}(- 951}.( 94.½- 96}( 9i - 96¼ 91½- 92% 91½- 92% 87¼- 92¾ Jitegiste1·ed .. ........ . 4 . . . . - .. . . . . . . - . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 95¼- 95½ •• . • - .. . . • • • • - •••.•••• - ........ - • • • . . ••• - • • . . ... - .. .. Northern Po.cificGen. 1st, land grant.ti 114¼-116 115½-116 116¼-118 119¼-120 . .. - •.....•. - ........ - ........ - ........ - ••••••• - ........ - ........ - •••• Registered ........... 6 .... - ....... - ... . . .. - ... . .... - ........ - ........ - .... 112 -112 .••• - ........ - ••••...• - •••••••• • ........ - •••• St. Paul & No. Po.c .. 6 .. •. .... - ........ - ••...... - .. . . 131¾-131¼ ...• - ••.••• . • - •••••••• - ........ - •..•• •• - •••••••• - ........ - ... . Rrgistered ........... 6 .... - ......• - .... .... - ........ - ........ - ........ - .... 132 -132 ...• - •••..••• - ••. . .••• - •••••• •• - ........ - .. .. No. Pac.Ter.Co •• lst .fi 112 -116 114 -116 .... - .. .. 117 -ll'l 119 -119 115 -116½ .. .. - ... . 117½-120¼119½-121½119 -120 128 -120½ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BONDS. 83 IS99-Continued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BER. - - - - - - - - - - - - - - - - - - - - - -· · - - - - - - -----1-----t-----1- ·- - Lcw.Hlgh Low.High Low.Hlirb Low.High Low.High Low.High Low.High Low.HlghLow.HigbLow. HlgbLow.HighLow.High ·- - - · - - -- - --- - - - - - - - - ---- North'n Pacific Ry.Prior lien ............... 4 101¾-103½ 102½-103½ 102~-104 101½-104¼ 103!1,(-106½ 104!1,(-106¾ 102%-104% 102¼-103¾ 103 -104¼ 101 -102¾ 101 -1027Ai 100½-103¾ Rea-i,nered .. ................. - . . .. 103¾-103½ 103¼-103½ 103%-104 103 -104¼ .... - ... 102 -103 103½-103!,j! ... . - .... 102¼-102¼ .... - .... 100 -100 General lien, 2041 .. 3 68¾- 70 67¾- 69 67½- 68¾ 67 - 68¼ 66½- 68 66¾- 68¼ 67¾- 68¾ 66½- 67% 65¼- 67¾ 65 - 66 64¼- 66 63 - 66% Reglsteredcertit's .. .... - .... . . .. .... - .... - .... 65¼- 65½ 66¼- 66~ .... - ....... . - .... 66 - 66 . ... . - ....... . - ....... . - .. .. Wash. Cen t'l , 1st .. .. 4 PO - 90 Q2 - 92 . ••. .. 93 - 95 94¾- 96 90 - 90 .... - ........ - ........ - . . .. .... - .. . . .... - ........ - .. .. Oh. & Miss.-See B.&O. ObioRlv.-lst,1936.. :i .... - ........ - ........ - ........ - ........ - ... . .. .. - ........ - ........ - .... 103 -103 103-104 ••. - .... . .. - ·· · General, gold, 193'7.:i .... - ........ - ........ - ...... .. - .·. .. ... - .. ...... - ........ - .... .. . . - .... .... - . ...... - .... • •· • - .... 85 - 85 Om. & St.L.-lst, '01.4 80 - 81 82 - 85 81 - 83 ... - .... 65 - 81½ .... - ........ - . ... 80 - 80¼ 79 - 79 75¼- 78 .... - .... 74 - 75¼, Or. & Cal.-See 80. Pac . Or.RR.&Nav.~ See Or. Ry. & Nav. ( nion Or. :!ihort Line. Pac. Pn.ciflc Con.lilt Co.-ts,.~ 105 -106½ 106¼-107 107 -108 107 -108 105½-108 104¼-105¾ 103 -104½ 104 -105 104 -105 105 -108½108 -110 102¾-106' Panama-1st, s. f . . . .4½ ... - .... ... - ... ..... - ........ - .. .. .... - ........ - ....... . - .. ... ... - ........ - .... 103¼-103!,:(103!1,(-104% .... - .. . Pennsylvania Co,1.st, coupou ......... 4¼ 116¼-116½ 114¼-115½ 115¾-115¾ 116½-117½ 117¼-118 118 -118 115!1,(-116¾ 116¾-116¾115½-115½114 -115 114 -115 113¼-115 Registered .... . .. .. 4½ . ... - . ....... - .... 113¾-115¼ .... - . . ...... - . . . . ... - ........ - ........ - .. . . ... - . . . . . .. - .. 115 -115 .. . - .. .. P.C.C.&St.L.,Sr.A4½ 114½-114½ .... - .... 11 6 -116 114¾-114¾ .... - .. . .. . - . . .. 118 -118 . .. - .... 117¾-118 114 -114 115 -115 .... - .. . Serie!!! B ., 1942 ... 4½ . .. . - .... 116½-116½ 116 - 116½ 114 -114 115½-115½ 118½-119 .... - .. ...... - ........ - ........ - ... -··· .... 112%-112% Serles D, 194:i ...... 4 .. .. - .... . .. - ........ - . . .. - ... .. . .. - ........ - .. .. .... - ........ - ........ - ........ - .... 104¼-106 107 -107 P. Cln. & ~t. L.-lst.1 107%-107'7Ai .•.. - .... 105!/4-105¼ 105¾-105¾ .... - .. .. . . . - ..•.•... - ........ - ........ - ........ - ....... . - ... . .. .. - .. . Pitts.Ft. W.&C., 1st. 7 138¾-138¾ .... - .... 141 -141 .. .. - ... . .... - .. .• . .. - ....... - .. ...... - .... 140 -140 141 -141 140 -140 ... . - .. . 2d, 1912 ... .. ........ 1 .... - ........ - ........ - ........ - ... 140½-140½ .... - .. .. .. - ........ - ........ - ........ - .... 139 -140 .... - •.. 3d, 1912 .............. '7 . ... - .... .... - . .. ... .. - ... ... .. - ........ - . .. . 135 -135 .... - ........ - ........ - ........ - ........ - .. .... . . - .. . Cb.St.L.&P.,lst .. :i .... - ........ - .. .. ... . - ........ - . . ..... - ... ..... - .. .. .... - ....... , - ........ - ... 119½-119½ .... - ........ - .. . Cl. & Pitts., con.,s.f.'7 . ... - .... .... - .... . ... - ... . 108 -108 .... - ........ - ... ..... - ........ - .... 105¼ -105¾ .,.. . - ....... . - ... .... . - .. . Gen'l, 11., ser. A . .. 43. .... - ........ - ........ - .... . ... - ........ - .... .... - . .. . 121 -121 .... - ........ - ........ - ........ - ........ G.Rap.& I.,lst ex.4½ .... - ....... - .. .. .... - ... . .... - ........ - .... 113¼-113¼ .•.. - ........ - .... .... - ... 114 -114 .... - ... ... . . .- .. . C.&M.,lst,a-u.'3~.4¾ .... - .. ..... . - ........ - ........ - ... . ... . - ........ - ...... .. - ........ - ....... - .... ... . - ........ - ... . 110½-110¾ Peo. Dec. & Evansv 1st, 6, T1·ust Co. ctfs.. 99 - 99 101 -101 101 -101 . . . . - . . .. .. . . - • . . . 99¾- 99¾ • • . . - • • • . 99¼- 99¼ . . .. - ... • • .. • - •. .. 100 -100 98¾-100 Evansv. Div., 1st, 6, .~rust Co. certific'ts. 94¼- 97 96 - 96 97 - 97 93½- 93½ 94½- 94½ . • • . - • . . . 94½- 94½ 99½- 99¾ 99 - 99 95 - 96 96 - 98~ .. • - ••• P.& E.-see c.c.C&S.L. Peo.& Pekin Un-,lst.6 ... . - ... . .... - ........ - .... 126 -126 .••• - ... . .... - . . . ..... - . .. .... . - ........ - ........ - •••.•••• - ....•... - •.. ~d mort., 1921 ..... .4¾ . . . . - . . . . . . .. - . . . . . . . - . . . . . . . . - .... 100 -100 100 -100 100½-100½ • ... - •• ... • .. - ... . 100 -100 96 - 96 96 - 96 P.C.C.&St.L-See Pa.Co. .'f" -., Pitts.Pains.& F.-lst.:i .... - ..... . . - ........ - .... . . - ....... - . ... 90 - 90 .... - .... .... - ... . .... - ••••.••• - ....... - ....... . - .. . Plttsb.Sb.&L.E.-lst.:i 113 -113 .... - .... . ... - ....... - ... . . . .. - . .. 115 -115½ 116 -116 .... - .... .... - ..... . .. - . ... .... - . . ...... - ... Plttsb.& West.-lst .. 4 98 - 98¾ 98¼- 99½ 99 - 99¼ 99 - 99½ 99¾-100 100 -100 ... . - ..... . .. - .. .. 99 - 99 98¾- 98¾ .•.. - ..• . 100 -101¼ J.P. M. & Co. ctfs .... _ .... - .... 98¼- 99¾ 99 -99¾ 98½- 99X& 99½-99% 99%-100¼ 98½- 99¾ 99½- 99¾ 99¼- 99% 99 - 99½100 -101 100 -101 Readlna--Gen., 19!J, .4- 85¾- 89 86¾- 89½ 88½- 90¼ 88 - 89% 86¼- 811% 88½- 91¾ 87½- 90 87¼- 88½ 86½- 88 85%-- 87¾ 86 - 87½ 82¾- 86% Registered ..... ... .. .. 4 .... - . . ...... - .... 87¼- 87¼ .... - . .. .. . - . ... 86¼- 89½ 87½- 88½ .••• - .. ... ... - .... 86 - 87 84½- 84½ Si¾- 84% Rich. & Danv.-See So. Rio Gr. Junc.-ht .... :i 104¼-104¼ 102½-102½ ... . - .. . . . . . . - . . . 104 -104 _... - . . . . .. . . - . . .. . . • . - . . . . . • • • - • • • . • . . . - . . . 105 -105 .. .. - . .• Rio Grande So.-l11t .. :i ... - . . .. 72 - 73 .. . - .. . . 73¾- 73¾ 73¼- 73¼ 74¾- 74¼ ...• - .. • . 72 - 73¼ .•.. - ... . .... - . . 73 - 73 74½- 74½ Rio G. W .-1st, 1939 .. 4 91 - 94!1,1 93 - 94% 9i - 98 97 - 97¾ 97¾-100!,s 100 -102¼ 98 -100¼ 98 - 99 97!'-(-100 96¼- 98½ 96 - 99% 94½- 98% Utah Cent., 1st. a-u .. 4 .. .. - ..... ... - ···- ... . - .... 87½- 88¼ 87½- BS¾ 88 - 88½ .... - .... . ... - ..•••••• - •...•••• - •• • • ... . - •• -· •••• - ... Ii. w.&O.-See.N. Y.C. St. Jos. & Gr. Islandl r.;:t, 194, .... ..... 2•3•4 83 - 84 83 - 84 81 - 84 81½- 81½ 81 - 81½ 81 - 82½ 79¼- 83 83 - 85 .... , .... 83½- 87 83¾- 86 81 - 85 St.L.&I.M.-See M.Pac. St. L. & S. F. RR,-ll..4 82 - 87½ 85½- 88½ 87¼- 88 88 - 88J.t? 87 - 88½ 88 - 89 85½- 87 85 - 86¼ 83 - 85½ 83%- 85¼ 83¼- 84¼ 81 - Si S W.Dlv.,lst,'4,-.. :i 98 -98 98½-99½100 -102 99½-101½100¼-102 101 -101 100 -100 100½-100½ .. .. - .... 100 -100 100 -100½ 99¾-100 Ceot.Div.,lat,'29 .. 4 .... - ........ - ... . .... - ··-··· .. - .. .. .. . . - ....... - . . ...... - . ... 95 -96 96 -96 .... - . . . •••• - .... 92!1,(-94 !!,t, L. & 8an Fran.2d, claH A, 1906 ..... ti 114 -114 .... - ... . 114¾-115 .... - ... 112¾-112¾ .. . . - ... 114 -114 .... - .... . . .. - . ... ... . - .... 110 -110 .... - .. . Clo.as B, 1906 ....... .. . 6 114 -114 114¼-114½ 114¾-115¼ 115 -115 112½-114¼ 113¾-114 114 -114 - ... 114½-114J.t? •••• - •••. 110 -112 112 -112 Class C, 1906 ...... ... -6 . . . . - .... 114¼-114¼ 115 -115 .... - .... 112~-113½ 113¾-lW¾ 114 -114 .... ... . - ........ - •••. 110 -110 . . . - .. . General, 1931. . ... .. ,6122 -124 123¼-123¾ 123 - 124½ 123 -124¾ 124 -125½ 126 -126¾ 123½-124¾ 123¾-12<l%124¼-124¾123 -124¾124½-125 124 -125 ~neral, 1931 . ....... :i 107 -108½ 108\kj-lOll¼ 108 -J.09¼ 109%-110¾ 110½-112 lll¾-112½ 108½-109'¼ 108¾-109¾109!,s-110 109 -109%109½-110½107 -110¼ rst, trust, 19S'7 .... .. :i - . . . . 105 -105 102½-105½ 101 -101 100½-100½ 101 -101 • - . .. • ... - . .... 103 -103 1oox;-100½ .... - ... . .. - .. . St. Louis 8outhw'nf.<-] 1st, 19~9 ....... _... . .... 4- 84¾- 92¾ 90 - 93½ 90½- 93¼ 92 - 97 92½- 9i¾ 92½- 95¾ 95 - 96½ 94½- 96 92¼- 95 90½- 93 87¾- 89% 82 - 88~ 2d inc., 1989 ....... . . _4 40¾- 55~ 51¾- 55¾ 51 - 57 o3½- 57 53%- 55¾ 51¼- 58¾ 57¼- 66¼ 64½- 66¾ 62 - 66½ 58¾- 63¾ 59½- 62~ 50 - 62 St. P. C. Cable-Con ... :i . .. - .... .... - .... 108 -108½ .. - •• •. .... - •....... - . ... .... · - 112 -112 111 -112 111½-111½112 -112 . .•. - .. . St. Paul & Duluth-1st, 193t ........ ....... ~ 122¼-122½ 120 -120 .... - ........ - .. ... ... - .. ... . .. - ....... - ........ - ..... .. . - ... . .... - •••...•. - ••... .. - ••• 2d, 191 ,-............... -~ 113½-115 113 -113 113 -lU 113¼-113¾ .... - •. .. 113 -113 113½-113½ 113¼-113½ 113½-113'4109½-111 111 -111¼ 110¼-110¼ 1st, consol., 1968 .... 4 .... - . .. . ... - .. . .. . . . - . . . .. .. - .. . . 100 -102 100 -100 99½-101½ 99 - 99¾ . ... - ....••• - ... 100¼-100½ 98½- 98¾ St, P. Minn. &Man.2d mort., 1909....... 6 ... - .... 124 -12i½ 124 -12i 121 -121¼ 121½-121½ 122 -122 .... - ........ - •.. 121½-121½ . .. - ... 118½-119 •.. - ... Dakota Extenslon .... 6 12i¼-125½ 124¾-125½ 12i!l(-125 12i¾ -125 122½-122½ 122¾-123½ 122 -12'2 122 -122 .••• - . . .. 123 -123 119½-119½119 -119 lat, consol., 1933 .... 6 138!14-138¾ 138½-138½ 138¼-139½ 140 -140 .. •. - ... . 146 -146½ 143 -143½ 142 -143½ .... - •••• 148 -143 142 -142 137 -Hl Reaistered . ......... . 6 - .... 137¾-1:!7¾ .. .. - ......• - . . .. . .• - . . . . ... - •......• .... - ....... - ... ... . - ........ - ........ - .. . Red ■ ced to ......... 4½ 112¾-113¼ 113¼-113½ 112¾-113 113¾-119 119 -119 119 -119½ 116¾-117~ 116 -117 11~116 115 -116 115 -115'411~-lll>M Mont.Ext .• lst,193,..4 104½-105¾ 105½-105½ 106½-107½ 10~-108½ 10'3 -108 .. . . - • . . 105%-106 105 -105½ 103 -105 102½-103½ 105¾-105¼ 101 -103¼ Rea-istered ...... .... . 4 104 -104 .. . - . . . . .. .. - . . . .. .. - • • . . . .. - • • . . . • • . - • . . . - . . . . . . . • - .. . . • • . • - • . . . .... - • •• • .. • • - •• . . • • • • - .. . Mont.Cen.,lst,193,-.6 .... - ... . . ... - .... 134¼-13!½ . . .. - .....••• - •• _.137½-137¼ . •.. - ... . .... - ... . .... - .... 135 -135½••·· - ........ - ••• lst,a-ua.r.,193,. .... :i113½-113¾114 -115 .. .. - ........ - ........ - •.•. 117½-117½ .... - •.. 119¾-119¾ ••• - .... 117 -117 . .•. - .... us -11s E,Mlnn.,lstDiv,lst.:i 111½-111½ .... - ••.. 113¼-113¾ 110½-110½ .••• - ....... - .... 111½-111½ ..•• - .... 112 -112 .••• - •••. . ••• - .... 108 -lOS. Will. & S. Falls, lst.:i . . . . - . . . .. .. - . . . . . . .. - . . . 115 -120 . • . • - • .. . . • . . - • • . • • • • - • .. • .. . - . . . .. • • • - .. . . . . . . - . . .. . • • . - .. . . .... - ••• S. A. & A.P.-See S Pac. S. Fe. Pr. & Pllenlx... G .... - ........ - .... 95 - 96 •• . . - •.•. 106¾-106½ .... - .. .. 106 -107% 107¾-107¾105¾-106½ .. . - -· · 106¾-106" .... - .. . Sav.F &N.Pac.-l11t.:i .... - ........ - ........ - ........ - ....... - ........ - ........ - ........ - .... 112!!(-112¾112%-112%, ... - ........ - •.. Sav.F.&W.-lstcon.6 .... - ........ - ........ - ....... . - ........ - ........ - ........ - ........ - .... .. .. - .. . . .... - .... 122 -122 124 -124 1st, arold, 1934 ........ G .... - .... 125¾-125¼ 112 -112 •.• - •••..... - ........ - ........ - ........ - ••. . •••• - ....... . - ........ - .... 122 -123 S. C. & Ga.-See South'n 1' ,, Southern Pacific Co..,,,, Collo.t. trust, 1949 .. 4 .... - ........ - ... . 85 - 87¼ 86½- 86% 85 - 86¼ 84½- ~ 83¾- 85¼ 83 - 86~ 83½- 85¾ 82¾- 84¼ 83¾- 85M 73 - 83~ Rea-tstered ........... 4 . . . . - •••• . . . . - . .. . . . . . - .. . . .. . . - . . . . . . . . - .. . . .. . . - .. . . . . . . - . . .. . . . . - . . . . . . . - . . . . . . . . - .. . . 85 - 86 • .. • - .. , Galv.H.&S.A.,lst,6 . ... - ........ - ........ - .... 114 -114 ..•. - .... 113¾-113¾ ..•. - ....... - .. ... ... - .... 108 -108 . ... - •.• . ... - .. . 2d, 190G ........ .. .... 1 · ... - .... 110 -110½ .... - . . . .. .. - .. .. ... . - ... . .... - ••...•.• - ... ... .. - . . . ••. - •.. 109½-109¾ 109¾ -109½ - •... M. & P. Div., lst .. :i 100½-103¾ 103¾-104¾ 103%-104½ 104 -105 102¼-103 103 -103% 103¾-104¼ 103¼-103% 103 -104 103 -103¾ 101 -103 100½-103Rous.& Tex.C., lst.:i 110¼-lll 107 -107 lll½-112 112 -112½ 112 -113 112;14-113½ 110½-110% 110½-lllX! 111 -111% 109½-109¾ 112 -112 109¾-112~ ~nsol., ll•• 1912 ... 6 ... - ... . .... - .... 112 -112 . ••. - .... 111 -111 . .. . - ••..•••. - .. .. .... - ... . lll¼-113 108 -110 ... - •... 110½-110¼ Oekleral, ir., 1921. .4 87¾- 89½ 88¾- 90 89¼- 90 87¼- 88 Si¾- 89½ 88¾- 90 88!,(- 89% !iB - 88¾ 87¾- se~ 86¼- 87¼ 85½- 66½ 83 - 86~ · Mora-.La..&T.,lst.7139 -139 .. .. - .... . .. ..• - .•...... - ........ - ... 138 -138 •..• - ... ..... - .. •...• . - •.. 134 -134 ... . - -·· Orea-on & Ca.I., ]st.. . ~ 97 -100¾ .... - .... 103 -105 ..•. - . ... . . - .. . ... - ··- ... - ........ - .... ··· - - ...... .. - .•. . 102 -102 98½-100 Man An. & Ar. Pass .4 77¼- 81 78 - 86 81½- 85¾ 80 - 83¾ 80¾- 84 82 - 83¼ 79¾- 80¾ 79 - 80½ 78 - 80 78 - 79¾ 78 - 81½ 75 - 80¾ T.&N.O.,con •. a-.,'43.:i 102 -104% 103¾-105¾ 103 -105¾ 105 -106 105 -106¼ 105¼-108% 103½-106 103 -104J.:(102¾-10i¼l02;1d-103¾102~.(-104¾103 -104¾~o.Pac.,Ariz'na,lst.6109~-112 112 -112 114 -114½ 114½-114¾ 118½-l lS¾ U8½-1ln 11:t -118¼ 112 -113½113½-114½114 -114¾112½-113¾ ll2 -118¾ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 84- RAILROAD D MISCELLANEOUS BONDS. 1899-Continued. JANUARY FEDR'RY. M.ARCil. APRIL. ---- - - - - - - - - - - - - BONDS. M.A.Y. JUNE. JULY. AUGUST. ISEPT'DER. OCTOBER. NOV'BER. DEC'BER Low.High Low.High Low.High Low.High Low.High Low.High T,ow.Blgh Low.High !Low.High Low.High Low.High Low.Bigh ------- ~o. Pacific Co.-(Oon.)t 112 -114 122 -122 .... So. Pacific, Co.I., lst.6 .... - . . .... .... .... ... .... - ... :1 ... .. . 105½-106¼ 107 -107 . ... - . .... - ... . .... - .... 106¼-106½ .... .... . ... .... 107 -108½,107 -107 1st, consol., 193? 5 ... . 104 -104 . ... . Stamp., 1905-37.5 106 -107¼ 107 -109 107¼-108¾ 108¼-109),( 106;¼-107½ 106¾-108 107¼-109 107!):(-10~ 107 -109 107 -108 105 -107 103¼-106 Au. & N. W., lst . ... 5 90 - 96 95~- 99 99 -100½ 100 -101 100 -100¾ 99¾ -100¼ 97½- 98 96½- 97½j 96 - 9774 97¾- 98!):( 08~- 09 97 - 98 .... Gila Val. G.&N.,lst.5 .... - .... 104¾-104'% 104½-105'A 105,s-105¼ •••• ... .... - . ... 103 -104.¾ 103¼-104 - .... .... - .... . .... .... ... . .... .... . No. of Co.I., go., '38 .. 5 .... . ... .. . .... .... 106 -106 1· ... - ... . Southern1st, consol., 1994 .... 5 103¼-106¾ 105 -106½ 105,s-108¼ 108 -110½ 109¼-111¼ 110¼-112½ 108%-110¼ 108¼-110¼ 108¼-110 107¼-109 107¼-109 104¼-109 .... - . ... . ... - ... , ... Registered ........... 5 .... - .... ... 106¼-106¼ . . - .... . - . ... . . .... - . Memph. Dlv .... 4•-i¼-a 107¾-107½ ... l.l0½-1107t\ .... ... . 108¼,-108¼ . .... . . iE. Tenn. reorg.lien.4-5 107¼·108 106 -107 107 -109 108¼-108½ 1011¼-109½ 110 -110 .... ... 107¾:-108 . . 106 -106 .... .... - .... 1111 -119 .... .... Atl. & C.Air-L., lst.7 .... ... .. - .... .... ... . . . . ... .... .... - . ... . ... •.. 118¾-118¾ <(Joi. & Gr., 1st, '16 .. 6 .... - . ..... - ... 117 -117 .... .... .... ... . . .. ... ... E.Tenn.V.&Go..,lst.7 104),.(-104½ 104¼-104¾ 104%-105 105,s-105¼ 105¼-105¾ 105%-105¾ .... ... .... 103¾-103¾ . ... .... - . 103¾-10 Divisional. .......... 5 lH½-116½ 116¼-117 117 -117¼ 117),4-117),.( .... - .. .. 118 -113½ 116 -116¼ 116½-117 .... ... 116 -116 116¾-ll.6 Conl'lol., 1st, Ir••· ••••. 5 115 -116 115 -116 115¼-118½ 117¾-llU¾ 116½-118¾ 117 -118 118 -120 119¼-119¼117 -120 117¾-118½ tH¼-117 113 -ho Ga. Pac., 1st, a-old ... 6 124 -124 124 -124½ 124 -124½ 124 -124 124¼ ·124½ 123 -123¼ 119¾-119\1,f !.20 -120 .... 120 -123¼ 1~3 -123 .... .. .. ... - .... Knox. & O., 1st, g ... 6 119 -119 119¼-119,¼I 120 -123 122 -123 124 -125 .... - .... .... . ... - .... 1'2¾-122~1JU -124 ,R ich. & Dn.n ., con.,a-. 6 123 -123½ 123¾-123¾ 123¼-123¼ 123;!:1-125 125 -125¾ 126 -126¾ .... . . 120 -123 121¼-123 100 -100 . ... . Equip.&. f., 1909... 5 .... - . ... .... 100¼-101 .... .... - .... .... - .... ........ .... Debenture, st'p'd .. 5 . .... .... . ... .... 106 -106 .... . ... 107 -109 107 -110 105,s-105½ •••• - ... 102¼-105 109 -110 .... 102¾-106 lst .. 5 108¾-109 108¼-109¼ 104½-106 108 -109 105¼-111 108 -109 108 'So. Car. & Ga., 103 -104¼ -109¾ 108¼-109¼ 105 -106½ 104¼-105 Series D ...... .... . . 4-a . ... .... - ... .... - .... .... - .... ... . - ... ... - .. . ... .... .... - . ... ··· - - •.. 102 -102 . ... - ... . .... - ... ... . Va. Midland, ser. E .. 5 109 -109 . .. ... . .. ... .... .. .... .... .... .... . ... 114 -114 100 -109 109 -109 General, 1936 ...... 5 110 -110¾ 11()¾-lll 112 -112½ 112¼-115 113½-lH 115¾-116½ 115¼-115½ .... .... .... .... . ... .... .... - .... 113¼-113½ . 1936, ,i., stamped .. ~ .... . .. .... .... .. 115 -115 .. . ... .... .... . . . - .... .... ... Wash. O. & \.V., lst.4 91 - 94 90 - 90 .... ... ··....-· - .... .... .... .... W. N. Car., 1st, con.6 .... ... 120¼-120½ 120 -120 .... .. . 117¼-118 117 -117!,,\ 117 -ll'i 118 -118 . ... 117¼-119 Term'I Ass'n of !St. L..... . ... . .... .... .... .... . ... .... lH;¼-114½ . ... . ... . .. lll,s-111¼ .... 1st, cons., g . , 1944 .. :S . - .... . ... ... .... .... .... 1st, gold, 1939 .. ... 4½ ... 112¾-112¾ .... Tex. & N. 0.-See So. P. . - ... 106 -106 105 -105 105¼-105¼ 104 -104½ .. .. .... . ... . - ... 107 -107 107 -107 .... Texas & Po.c.-190~ ... ti 1st, gold, 2000 .. ... .. . 5 109,s-110¼ 110¼-lH 112 -113¾ 113 -115 115 -116½ 113 -114¾ 114 -116% 115 -116 114: -115~ 113 -115 112¼-115½ 110 -113 .... - ... 54 - 54 50 - 50 . ... - . ... ... - . ... 53¾- 55¼ ... 'ld, g., Inc., 2000 ..... 5 45¼- 40½ 48¾- 54 51¼- 54.¾ 53¾- 5t3 Trust receipts ... . ... . .... .... .... ... . , ... 53¾- 55% 54¾- 55¾ 55¼- 56½ . .... - .... . . 51¼- 51½ .... . Third A venue (N. Y .)1st, 1937 ................ 5 125¼-125¼ 125¾-12534 126 -126 128%-128¼ 128¼-128½ 129 -129¾ 127 -127 127¾-128¼ 128¼-128¼ 127 -127 1127¾-123¼ 127 -128 ,. Toledo & Ohio Cent'l. .. 106½-108 1st ....................... 5 104 -105¼ 106 -106 105 -105 105 -106½ 106 -107 107¼-107½ 104.½-105½ 105½-106¼ .•• • - .... 107 -107 . ... . ... . .... .... .... .... .... .... .... .... .... ... . .... . .... 100 -103 103½-103 West'n Div., ll'lt ...... 5 .... 85 - 86 82 - 84½ 79¼- 83 86 - 86 88 - 88 85 - 87 Kan .& lll.,lst.a-u.,a-.4 80 - 85 84 - 85¼ 86½- 88½ 86 - 88 88 - 89 Toi. Peoria & West.79 - 82 82 - 83 80 - 82 .... 82 - 83 .... .... .... 81 - 81!)( 80 - St 78 - 80 82 - 83 1st, 1911' ..... ..... . . 4 78 - 79 78¼- 79 Toi. St. L. & K. c.1st, 6, Trust 1·ecelpts. 92 -101¼ 102 -106¼ 102 -104 103¼-106 105¼-111 110 -120 115¼-119 114%-116 115 -115½ Ll2 -121½ 116¾-119 110 -119 . .. . .. - . ... .... Tor. H. & Buff.-lst ... 4 .... - .. .. .... - .... .. .. .... .... - ... . 99 -100¼ 99 - 99 99 - 99 . ... . .. .. . .. . .... Uls. & Del -1st, con .. 5 99),.(-100¼ 99 -100 99 - 99 99 -100 100 -102 100 -103 103 -104 104.,s-105 105 -106 105 -106 105 -106 102½-104 ... . .. . .. -109 ... ... . ... 109 .... 109¼-109 .... . . .. .. .. . . .. .... .... . Un. Elev. (Chic,)-lst .. 5 - ... Onion Pa,cific50-yr., gold, 1947.... 4 102%-106¾ 103¼-105 103%-105½ 104%-10~ 106¼-109 107%-108½ 104\1,!-106¼ 104¼-105% 103¾-106¾ 102¾-104¼ 103 -104 101¼-104 .... ... ... 103%-103¼ . ... . ... . Rea-istered .... ..... .. 4 ... - ... 104:ij-104¾ . .. - . .. 105 -105¾ 106¾-10~ 108 -108 106 -106 .... .... Or. RR. & No.v .• con.4 100¼-103 101¾;-102¾ 101 -102¼ 101¼-103¾ 1027kl05 102½-103 101½-103 101 -103¼ 101 -103½ 102¼-103¾ 102!14·104 99 -101 113 112¼-113!,i 108 -114 -108 113¼-118 111½-lH Ill 115 110 -115 .. .. -112 111 -111¼ 113¼-114 -112¼ Or. Ry. & Nav. 1,n .. 6 113¼-113¼ Or. Short Line, lst .. fi 120;14-132 128¼-129 128¼-129 12S -131¾ 131 -132 152 -133 132½-133¼ 129 -129½ 127 -123 126 -128 128 -129 125 -129 .... 121 -121 ... . .... . .... ... .... .... ... . .. .. .... ... .. .. - . ... . ... - .... .... - . ... Utah & Nortb'n, lst.7 .... Or. S. Line,lst, cons.5 108 -111¾ 110¼-112 110 -111½ 111 -112¾ lll¾-113,s 113¾-116 112¾-113¼ 112 -117 113¼-117½ 113 -115¼ 113¾-114½ 111;14-114 94¾:-108 102 -103½ 102 -102½ 102,s-102¼. 94¾- 96 ... ,~on-cum. inc., A .... 5 85 - 89½ 87¼- 89 85 - 87¼ 86¼- 89½ 88½- 89½ 89).{i- 94 74 - 70¼ 78 - 80½ 74 - 75¾ .... . ... - .... Non.cum. inc., B .... 5 65¼- 74¾ 70¾- 71¾ 68 - 71 70¼- 14¼ 70 - 71 69,s- 74 73 - 74 .... ... . ... . ... .... 74¼-- 76½ . Ctfs. of deposit. ...... .... .... , .... - .... .... . Coll. tr., 4¼s, tr. rec .. 67½ - 68 68 - 68 .... - . ... fk:S¼- 68),ji U.P.D.&G., ll'lt con.5 .. .. 90¼- 90¾ .... 87¾- 92¼ 87¾- 88 88 - 94 Trust Co. certifs. Va. Mid.-See Southern. Wabash- · 1st, a-old, 1939 ........ 5 113 -113¼ 114½-115¼ 114½-116 115¾-117¾ lH -117 116¼-117¼ 116¼-117 115¼-118 114½-116 115 -116¼ 113¼-115 112 -115 96¼-100 99 -100 98 -101 101½--103 100 -102¾ 99¼-100¾ 9S¾-100¼ LOO -101 07½-101 2d mort., gold. 1939.5 94 -100 95 - 97½ 94 - 07 . .. .... .... 75 - 75 75 - 76 76 - 76 77 - 77 80 - 84½ 82 - 85 Deb. inc., 1939, A .... 6 .... ... 35 3!1. 36¾38½ 33 - 37¼ - 38¾ 37%- 42¾ 32¼- 40 Deb. inc., 1939, B .... ti 33¼- 38½ 35¾- 37¾ 34¼- 37¼ 36 - 38½ 33½· 37,s - 34¾ 34 - 38 109 -109 .... .... 110 -110 D. & Cb. Ext.]940 .. 5 105½-108 107 -109 107¼-108½ 109 -109 111 -111 109¼-110¾ lOS;¼-109 .... .... .. . . .. 92¼- 92 . .... - .... . Des M. Div., 1939.4 St, L. K. C. & No.. 110 -110 . ... .. . ... .... . ... .... . St. C. B'ge,l st,' 0~.6 109¼-109¼ .... - .... 112 -112 .... West. N. Y. & Pa.lst ........................ 5 108¼-110¾ 110),.(-110½ 110¾-112¼ lll¼-112½ 113 -114¼ 115 -118 114¼-115 112 -114½ 112!):(-113½ 112½-lH 112¼-113¾ lll¼-113 Gen'I, 1943, g ...2-3-4 5i - 57¾ 57 - 60½ 59 - 65¾ 63½-64:J:l 63½- 64¾ 64¼- 70¾ 70 - 7()7~ 68 - 60½ 60 - 70¾ 68½- 70¾ 119¼- 70¼ 66¼- 6 Incomes 1943 . ... ... . 5 H.¾- 16¼ 16 - 20¾ 19¼- 23½ 22¼- 24¼ 21¼- 22¾ 23¼- 24¼ 22½- 22½ 21 - 22¼ 22¼- 23 23¼- 24¾ 23 - 24½ -21¼- 21 w . Va. Cent & Pitt b..... . . ... 1st, 1911. ... ......... . ti ll3 -113 .... - .... .... - ... .... - ... . .. - .... Wheel. & L. Erielst ........................ 5 104 -105 105 -108 105)4-105¼ 105 -105¾ 105¾-107¼ 107¼-109¼ 107¼-110 1093'-llO¼ 108½-108½ . .... . ... .... . ... .... ... . ... . - . ... .... - .... 105¼·105½ Trust receipts - .... .. ·••· . . Wh.Dlv.,lst, g.,'28.5 ... - .... .. .. - ... . 98¾- 98¾ 96 - 96 ... . ... ·••· ... ... .... .... - .... . . ... ... . ... .. . .... . ... .. . . . Consol., gold. 1992 .. 4 58¾- 62¼ - .... Wlsc~msin Cent'I Co.66 - 70½ 69 - 74¾ 73¼· 78 61½- 70¼ 613¾- 70 1st, aold, 5, trust rec .. 58 - 64 76 - 79 75½- 79¾ 74¼- 76~ 76 - 76 75½- 77 8 - 8 Income, 1937.......... 5 .... - .... 8 -10¼ 6 - · 6 .... .... .... 3 - 5 ... .... ... . . 4¼- 6¼ .... . ... .... .... , New 1st ................. 4 - .. . 93¼- 9!1.½ 94 -95¾ 94¼- 95M 93½- 94¼ 92 - 94 90 - 92¾ 90¼- 93 86 - 92 - .... .... ... - .... .... - .... .... - .... .... - .... - - .... - .... - - .... - .... .... - .... .... - .... - .... .... .... - .... .. .... .... - .... - - - ... .... ... .... - .... .... - . - .... - .... - .... .... - ... ... - .... ... - .... - .... -- . - - ~ - .... ... .... - - - .... - - - - - .... - - .... .... - . - ... ... .... ... ... -- .... - ... .... ... - .... ... - .... ... .... . ... . .. .... .... - .... .... .... - .... .... .... .... ... -- ....... .... ·-·· -- .... - .. .... - . .... ... - .... - ....... -. ... - .... .... - .... .··•· ... ... - . -- .... .... - .... .... - .... ... - . - .... .... .... - .... - ... - - -. - - .... .... - .... ... - ... - .... -. ... .... - .. .... ... - .... - - - ... - ... - -. -. ... .... .... -- ..... - ... ... - ... .. - - - - ... .... .... .... - .... .... .... - - .... .... - .... - .... .. .... - .... - - . ... - .... - . ... .... - .... .... - .... - .... . ... - .... .... - .... .... - . .... - .... .. - ... .... - .... .... - ... - .... - -. - -. - .... - .... - - - - ... ... - - - - - - - .. - - .. - . - .... .... - .... - .... - .... ... .... ... .... .... .... .... .... ... - .... - .... -- .... ... -- .... .... -- .... - ... -- ····'· ··· -- .... .... - .... .... - .... - .... - .... .... - .... .... - .... .... - .... ... - .... .... - .... - .. ~ - .... .... - .... .... - . .... - .... .... - - ... - .... .... .. .. .... - .... ... - .... .. .... .... - .... ..... .. - .... .... - .... ... - . .... - ... .... - .... ... - - .... .... - .... .... - .... .... - .... - .... .... - ... G AS AND ELECTRIC. B rooklyn U. Gas-1st 5 D et. City Go.s-19~3 .. 5 D etrolt GasConsol., 1st, 191S ... 5 Edison Elec. Ilium... .... :i 1st, 1910 1st, consol., 199:S, g.5 £dlson(B•klyn) lst ... . :S 1st, cons., 1939, g .... 4 General ElectricDeben., a-old, 1922 . . 5 Lac. Gas, St.L.-lst,a-.5 N. Y.EI.L.H.&P.-ht.5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ...... - .... - .... ... - .... ... .... - ... .... .... - .... .... - .... .... - .... .... .... - ... - .... ... . 116)4-118¼ 117½-118 117¼-118½ 117 -119¼ 117 -120 95 -102¾ 100 -102 95¼- 97¼ 95¾- 96½ 95 - 96 .... - .... ... - .... 95 - 95 96 -101 118- 119 117¼-118 100¼-101¾ 97¾:- 99 .... - .... .... - .... .... - ... 111½-111¾ 112¾-112¾ 110 -110¾ 110)4-110¼ 110¼-111 120¼-122 122¼-122¼ 122¼-122½ 122¼-124 111 -111 - . ... 109 107 ... . .... .. .. - .... - ........ - . .... - .... ... - .... .... .... .... - ........ .... ... - .... ... -.... - .... .... .... .... ... ... -- . ... -- .... .... -- .... ... -- ... .... - ... ... - ... - .... - . 118¼-118¼ 117'¾-118 117¾-llj) 116 -116¼ 116 -116 08¼- 98!)4 98 -100¾ 07¼-101 09 -100 96 -100 98¾-101 .... - ·•• · .. .. - .... 99½- 90¼ .... - .... 111 -111½ lll¾-111¼ lll¼-112½ 109%-110¼ 107¼-110 110 -110 107¼-108¾ 124 -124 124 -124 122 -122¾ 121 -122 .. . . . . - . - ... . 97¾- 97¼ 97 - 07 97 - 97¼ . .... - .... 124 -124 .... .... .... .... - .... ... . ... .... .... - .... .... - ... .... - .. .. . ... - .... .... - .... .... -- .... .... .... - - .... ·•·· - .... - .... -. - .... .... - .... ... - ... .... - .. . ... - .... ... - . .... ... ... - .... .... - ... -114 114 -115 lU¼--115 115½-116¼ 115¼-120¼ 118 -118 118 -119 118¾-118¾ .... - .... .... - ... 113;¼-118' -108¾ 107¼-109¼ 106¾-109 108 -111 109 -110 109 -109¾ 109¼-109¼ 108 -109¾ 108 -110¼ 108 -109¾ 107 -108 106¾-108 .... - . .. .... - ........ - . ....... - • ••• lQ0¼-104 .... - ··•· .... - .. .. .... - . ... .. .. - .. .. .... - . ....... ~ RAILROAD AND MISCELLANEOUS BONDS. 85 1899-Concludcd. "BONDS. JULY. JUNE. MAY. JANUARY FEBR'RY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER MARCH. APRIL. --- --- - - - - - - - - - - - - -----1----1--------1-----1---- Low.High Low.High Low.High Low.Hhrh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiith People'8' G. L. & Cokel et, ,:oar., 1904 ...... 6 2d, a-unr., g., 1904 ... 6 1st, con., g., 1943 .... 6 Ch. G.-L. & C., lst .. fi Con. Gas, 1st. 1936.:i Equit. Gas & F .. lst.6 Mutual F'l Gas-lst.6 Trenton G. & El., l1,1t.:i MISCELLANEOUS. Adams Express-Coll 4 Am. Cot. Oil-Deb., g ..8 Am. Spirits Mfg.-lst.6 B'ldn W.&W.H.-lst.:; Col. C. & I.-ht, 1900.6 Col. Fuel-1919, g ... ... 6 Col. F. & I.-Gen., s.f.:> Comm'l Co.ble-lst. . ... 4 Comstock '.l'unn,-Inc.4 Det.M. & M. L. G . . . 3¼ Erle Tel. & Tph.-S. t.:; Gramercy Sugar. ....... 6 Henderson Bridge .... . 6 Ill.Steel-Deb., l!H0.5 Interli'l Paper-ls1 .... 6 Knick. Ice (Chlc.) .. ... :; IUich.-Pen. {'ar-lst... l> N o.t' l Sto.rch-h t..... 6 N.Y.&NJ.Teleph .. 5 N. Y. & One. Land ..... 6 Procter & Go.mble .... :6 Stan. Rope & T.-181 .. 6 Incomes, a-old, 1946.~ Tenn.Coo.I Iron & Ry.Tenn. Division ....... 6 Blrm. Div .• 1st, con.6 Co.habo. Coal-lst ... . 6 De Bard.C.& J.-Gn.6 U.S.Leo.ther-Deb.s.f.6 W. Union Telegraph1875-1900 ......... .. 7 Registe1·ed ........... 7 ])eben., 1884•1900,7 Col. tr., cur., 1938.. . :; Mutual Union, 8. t ... 6 .... . .. . . . . - ........ - ... . 109)4-109¼ .... - ......•• ... - .. . 107½-107¼ .... - .,. - .... ... - ... .. .•• 124 -124 125 -126 lll¼-111¼ 109¾-109¾ 107½-109 108¼-109 . ... - .. . 106 -106 105 -107 106¼ 106¼ .... - 126 -126% 110½-113 108¼-109¼ .. . . 106 -106 123 -127½ 124½-124½ 127 112 -112 lll¼-112 .... 110 -111½ .... - ........ - .... 105¼-107¼ .... 107¼-107½ .••• - - •.. .•• •• - • •· • •·· - • •· •··· - ........ - ... . 107 -lOi¼ ...• - .... 106½-107¼ ..•. 127 -131 129½-130 120 -120 .... 111 -111 111 -111 108¼-108½111 -111 111 -111 -127¼ 126¼-131 - ... 111 -111 - ... 107 -107 - ... 104¼-104½ ... - - ........ - . . . . ... - ........ - 104¼-106¼ 108 -108~ 85½- 86¾ SJ½ - 92½ 106¼ 106¾ 106 -108 86¼- 90¼ 84¼- 90 .. .. - .... 100 -100 87 - 90½ 86¼- 88 ... . ... 21 - 23% 22 - 22 110 -110 . . . . - 104¼-105¾ 106½-107 85¼- 89~ 837,i- 90 100¼·100¼ 105 -106 105 105 -107 105 89¼- 94¼ 89 88½- 91 91 100¼-100½ .... -106¾ -lOfl - 94¼ - 92 - ... . - .... 103~-103¾ .... - .... 103 -103 106)4-107 105 -106 90 - 91 89¾- 92 100 -101 - •••. 88 - 90½ 86 - 89¾ 8n11- 91½ 87 - 90 7¼- 7)4 •05 - •05 .... 17¼- 20 18 - 22¼ 18¼- 22 106¼-107 106 -106¼ 92 - 92)4 89¼- 90 · 105 -105 89¼- 91 19 - 20¼ 18 - 20 106¼-107½ 103 -1~ 103 -104 103¾-104 104)4-104½ 104¼-105½ 104)4-105 102 -103 91 - 93 90 - 92 87½- 91¼ 86 - 89 ... - ... . Si - 85 75½- 84 77 - 80 99½-100 . . . • - .... 100 -100¼ 1001,4-101 89 - 95% 95 - 97 103¾-103½ 96 - 90 93 - 95¾ 92 - 94¾ 18 - 20 19 - 23 21 - 23 -109 - 90 113 -113 113 -113 .... - 19 - 'W - .... 108¼-109¼ 109 - ... . 90 .. .. .... - - ... . 99 - 99 .... . . . - ... . 112 -113!,( 112 -112¼ 112 -113 100 -100 P8¼-1UOJ4 100 -101 98 - 98 .... - .... 103 -103 103 -104 103 -104 100¼-101 100¼-102 17¼- 22 ... - ... .... - .... .... , 112 -113 97 - 98 112 -112½ .... - •.. . 106¼-109¼109 -109 103:}.{-109 109 -109 96 - 98 98 - 98 97 - 98 98 - 98 95¼- 96 95 - 95 100 -101 101 -102 .... ... .... - 102½-104 102½-103½ 85 - 86 75¼- 78 100 -100½ 105 -108¼ 95 - 95 101 -101½ 101 -101¼ 100¼-101½ 101¾-104 101 -103 lOi -104 - .... 112-112 .... - .... 90 - 90 . ... - . . . 113¼ 113¼ 84½- 86 85 - 86 83 - 85 82 - 87 79¼- 84¾ 83 - 86 78 - 85 24½- 26¼ 22 - 25½ 22½- 28½ 20 - 25 20 - 27 23¾- 29¼ 19¾- 27¼ - ........ - - .... 120 -120 84¼- 90¼ 86 - 88¾ 85½- 90¼ 89 - 90¾ 85 - $9 23½- 31¾ 28 - 32¾ 29 - 35 30 - 33½ 25 - 31 lOl'U-106½ 105 -109½ 104 -110¼ 107 -107½ 103 -105 101 -110 107 -108 108 -ill¼ 109½-lll¼ 107¼-109 96 -105 llfl¾-117 105 -108 108 -110 105¼-107 .... - ... . 121 -121 110 -110 - .... 104 -104 106 -109½ 108½-112½ 112 -121 111 -114 110 -110¼ 110 -111 108 -108 102· -103 102½-105 104½ -106 102¼-104:):f 104¼-106),d 106>2-109½ 106¼-109 107½-109¾ 106½-108 106 -106 11.0l -102 .... - .... 118 -118¼ 119½-ll9¼ 116 -116 117 -117 .... - .... 119 -119 .... - ........ - - ........ - ....... - ... . .... - .... 103 -103 r .... - ...... .. .. . . - ....... . .. . - ....... . - ........ - .... 107¼-107¼ 103¼-103)4 .... - • .. . 100¼-100½.... - •.. . 1101¼-1013,( - . . .. .. . . - .... 102¼-102¼ . . . . - . . . . • • • • - .. .. . .. • - •••. 112)4-llo½ 114 -115 114¾-115½ 114¾-116¼ 116 -119 117)4-118 114 :11.5_¼_. 1_1,·5·¼=11·5·¾·_1_1__5_ =11·5· _._p-_ 1__3_¼:11.4_¾ __ 1_1__4_ -114¾ 113¾-114: .... - ....... . _ .... 112 -H.2 .. .. _ .... 110 -110 110 -110 . • • • - ... . 103¼-103¼ .... - r - .. . .... - .... 1900. BONDS. JANU.AllY lfEBR'RY. MARCH. APRIL. ---- - - - - - - - - ---- MAY JUNE. JULY. AUGUST. SlllPl''DER OCTOBER. NOV 1 BER ---- ---- - ·- - DEC'BEB. Luw.Hlirh Low.High Low.Biirb Low.High Low.High Low . High Low.High Low.High Low.High Low.High Low.High Low.High ---- - - - Ala. Mld.-See S. F .& W. Ann Arbor-] st, '9~,g.4 90 - 94 91 - 93½ 92¾- 94¼ 92¼- 93½ 91¾- 93 91½- 92 91 - 92)4 91 - 93 90 - 92 92 - 94¾ 94½- 97 91 - 92 Atcb. Top. & S. Fe.General, gold, 199:;,4 98¾-101¾ 100)4-101½ 100%-103 100¼-101 99%-101¼ 100)4-101¾ 100¾-101¾ 100¾ 101¼ 100¾-101¼ 98%-101_ 100¾-102½ 101%-103 .... - ... 99¼-100¾ ·• - .... ... - .... .... - . ... 100¼-101¼ 98¼- 98¼ ... Kegil"tered ... ...... 4 - ... 99 - 99 .... .... - . . Adjustm't, g , 199:;, 4 78½- 81% 81½- 83)4 82 - 85 83!>.(- 85 83 - 84½ 82 - 84~ 82¾- 84 83¼- 85¾ 84¼- 85:1,( 85¼- 88 83¼- 90 88 - 90 Stamped, guar . .... . 4 ... . ... . .... - .... . .. - . ... .... - . ... .... - .... - ... ... - .... - ... . - . .. . 84¼- 84¼ . .. . - . Atl.Knox.& No.-1.1.:; - .... . ... - . .. 105)4-105¾ 106 -106 .... - .... . ... - .. . - . .. . - ·•· · - . .... - . ... 105 -105 - .. . Bo ltlmore & OhioPr. lien, a-,, 192:; ... 3½ 92)4- 95¾ 9~- 95¼ 94¾- 97 96),(- 97¾ 95 - 96!1. 95)4- 96¼ l:J4 - 94'4 94 - 94¾ 93½- 95 93!,(- 96 95¼- 96¾ 96¾- 98~ Gold, 19-18 ... .... ..... 4 97½ 100½ 100¼-101 100¾-102¾ 100¾-101 99½-100½ 09¼-100!►.f 997,i-100¾ 99¼ -100¾ 100 -101 99¼ - 99¾ 99¼-101 100¾-101'4 Rea-istered ...... ..... 4 .... - . .. .. .. - . ... ... - .... .... 100 -100½ 100½-100½ . ... - . .. . . ... 99¾- 99¾ 99¾- 99:)4 100¼-100½ 101 -101 8. W.Dlv., 1st, g,.3¼ 87 - 90¼ 88¾- 90 88¼- 91 89¼ - 91¾ 88)4- 89¼ 87 - SP½ 86¼- 87½ 86¼- 87¾ 85½- 7ll:( 86 - 88½ 87½- 90 89¾- 92 Pitts.Jc.& M Div.3½ ... - ... 88 - 89ll:( .... - . .. . 89 - 89 89 - 8!) 86 - 86 86}2- 87¾ 80¼- 36½ 85 - 86½ 85 - 87¾ 87 - 87% 87¾- 90 .... - .... 111 -112 .... .... .... - ... .... - ... . .... ... · • - .... .... . .. . .... - . lllon. River, l8t gu. -~ .. .... .... - .... ..... Buff. Roch. & Plttsb.General ................. :; 109 -110¼ 111 -111¾ 109¾-lll 118¼-113¼ 112¼-113 112l't-114½ 113¼-113¼ 113½-113),11 110¾-110¾ 111 -111:14 111¾-113½ ll4 -115¼ R. & P., 1st, 1921 ... 6 .... - ... .... - .... .... - .... 181 -181 . - .... .... - . ... 129 -129 . ... - ... . . .. - ······· - ·- ·· 180 -130 130¼-130!,( .... - ... . 124 -124 C1msol., l8t .......... ti ... . - ... . 125¾-125¾ 126 -126 128 -128 127½-127~ - .. 124¾-124~ ... - ... ·•• 4 Burl. Ced. Rap. & No.1st ... ............. ....... .:; 106¼-107¼ 107¾--108 108 -109 108¼-108¼ 108),(-109 106 -10~ 106 -107 106¾-107½ 106¾ -107 107¼-108¼ 108¼-108¾ 106½-108¾ Consol.1st & col. tr.:; 115 -115 116 -ll6}i 117½-117¼ 117 -117 116 -117)4 116 -116 116 -117 117 -118¾ .. .. - . ... 116 -118 .... ···· - .... ~ .... - ... .... - .. .. .... - ·•· - .... - . .. 115 -115 Rea-1stered . ...... - .. . ... . - .... 116¾-117¼ 117¼-117¼ . .. . - . .. 117 -118 ·· .... .... C.R.I.F.& N.W.-ht.:; . .. - ... . .... .... - .... .... - .... .... - .. .. .... - .... .... - . ... .... .... .... ··-· . .. .... 113½-113¼ Can. South'n-lst, ,ru.:; 105½-107¾ 106½-107 106½--108 107 -108¼ 107½\-108 107½-108 105 -106¾ 106¼-107 107½-108¼ 107¾-108 107¼-109 108½-109¾ ~d morta-aa-e .......... . ~ t07~-109½ 109 -109¼ 106)4-107 107 -107¼ 10631;-107~ 106 -107 106% 108¼ 108¼-108¼ 106¼-106¼ 106¼-107 107 -108¾ tO!ll't-109¼ :; .... - . .. . .. . . ... .... 104 -lOi Re1rts1ered ....... . ... .... - . ... - .... - . .. . .... - . .. . . ... - . .. .... - . ... C. B. U. Pac.-lst, a-... 4 87¼ - 88¼ .... ... .... .... 88 - 90 90 - 90¾ 89 - 90 88 - 88 ···90- - 90 .... - . .. . ... 92 - 92 91 - 91 Cent. RR. & B., Ga .. ~ 91 - 91 - .... . ... .... . ... - .... · ••· - .... 92)4- 92¼ 92¾- 92¾ .... - . ... · ••· - ... . 98¾- 93¾ 93 - 95½ 94 - 96¾ Ventral ot Geora-ia1st ...................... .. :; 120 -120 .. - .... .... .:. ... . 118½-119½ 118½-llfl½ 119 -119¼ .... - . ... 117 -117 117 -117 .... - . .. 120 -120 .... - . 94 - 96 Consol., 194 :;, gold .. :; 89 - 91 88¼- 90¾ 89½- 94 89¾- 92¾ 89¼- 92¼ 90¼- 92 91¾- 93 91 - 94¼ 92¼- 96¼ 92 - 97 96)4-100 .... .... . ... .... ·• · . ... . ... .... - .... ... Rea-istered ... . . ..... ~ 96 - 96 ... . • · · · - .. ... . 34 - 38¼ 39),.(- 44½ 41 - 43¼ 40 - 43 1st pref. income ..... :; 35 - 35 32¼- 84 45 - 53 48 - 45 42¾- 45½ 41½- 44% 38 - 45 51lJ;!- 62 .... 2d l)ret. lncome ... .... ~ 9¼- 10)4 - .... 9½- 11 ll½-14½ 12 - 1434' 11 - 12¾ 11 - 14 11 - 13 10 - 11¾ 10¼- 13½ 14 - 18¾ 15¼- 20½ . .. 5¾- 6 6 7 6 - 6½ fl¾- 6¾ 6½- 6¾ .... . .. . 5 - 6 5¼- 7 6),(- 8½ 7 - 9% 3d pref. Income....... :; 4¼- 5¾ .... Mobile Div., 1st ..... .:; .... - ... .... ... . .... - ... . . ... - ... . 105 -105 . ... - ... . .... - .. . ... .... - .... 105 -106 .... .... .. - . Cent. ot New J e1·sey1st conv., 1902 ....... 1 ... - . ... LlO -110 - .. .. 110¼-111)4 107½-107¾ . - . .. . .... - .... . .... 106¾-106ll( - ... . Gen. mort., 198'1 .... 1) 117¼-125 123 -124 122½-124¾ 122¾-124¼ 121~-123¼ 121:1(-122¾ 120 -122¾ 121¾-12~ 122¼-123 l23 -124½ L24 -128 127)4-129)4 -119 Registered. .... ..... . 1) 116 - . .. 120 -122 120½-122!,11 120%-121¼ 119%-121 120 -121 121¼-122 121¾-123 121¾-122¾ 125 -125½ 125 -127¼ Conv. deb., 1908 . .. .. 6 ... .... - . .... .... .... - . ... . ... .... - .. . - .. 130 -130 . - .... .... - .... .... Am. Dock & lmp ..... -~ 113 -114 114 -111 .... - .... 115¾-115¾ 115 -115¾ - .... 112¾-112}d . - •··· 114½-114½ - .... - ... . 115)4--11'7 Leh.& W .B.-A8sent , 98 -lOOM 100 -100 99 -100 100¼-100¼ 102 -102¼ . .. .... - . ... .... .... .... ... . .... . ... . .. . - .... .... 100 -103 .... - ... .... - ... . .... - .... 105 -105 .... .... ..... - .... . ... - . ... .... . Mo1·ta-age, 1912 ... -~ 100½-100~ 103 -103 .... Con. ext., '10, a-u.4~ .... - ... .... - ... . .... - .... . ... - ... . ... .... .... - ... 101 -101½ 100¾-101¾ 100 -100¼ 100 -101 101 -103¾ 102%-103½ Cent. Pn.c.- See So. I' .Co. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . - .... .... .... .... . . ... ... - - - - - .... .. - ... ... - - .. .... .... .... .. .... .... .... - . .. - .... .... ~ .. ... .... . - .... - - - - .. - - - - .... ... - ... ... - ... ... - ... ... - ... ... - .... .... .... - - - - . .... - - .... - .... ... .... .... .... - .... .... - ... RAILROAD BONDS. 1900-Contioued. BOND~. JANUARY l<'EBR'RY. - -- MARCH. APRIL. JUN'E. ~lAY. J rL.Y . AuGus·r . SEPT BER. OCTOBER. NOV'BER. OEC lll£ll. - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Low.High Low.High Low.High Low.High Low High Low.Hiizb Low .High Low.H,izh Low .Higb Low.High Low .High Low.High · -- ChesupenlH• & Ohio.... .. . .. llfl -116¼ . ll 6½- 116½ 113 -113 ll3½-113½ 116 -ll'i l!!lt,rle&A . gold, 1908.6 115¼-115½ 116 -116 117!}.(-117¾ 115 -115¼ . 119 -119 ll7½. 117½ 119½ -119½ 117½-117 6118 -119 ll9¼-119¼ 119½-119½ . . - .. 115¼-115¼ 117¾-117¾ 117½-117½ . . Mortira11e, 1911 . . -120½ llS½-121¼ 120 -121 18l, coo., g., 1939 .. . fj 115½-117 117 -119¾ 118 -119¾ 119½-121¾ l16 -117¾ 115½-117½ 116¼-117 116½-l'7¼ nu ·120¾ n . .. ... - .... .. . . . .. .. - .. . ... .. - . ... . .. . .... Rt>Cllstered .. ...... . . a .. - . .. 117 -117 General, 199~- ... . . 4½ 95½- 97¾ 97¾- 98½ 1<6 - 99 98¾-100¾ 97~- 99½ 98½ · 99¾ 99 - 99¾ 99.½1-100¼ 98 - 98¾ 98¼-100~ 100 -101¾ 102¼-104 .. .. . .. . .. . .. .. . .... - . . . . .. ... - .. .. . ... - ... ... - .. 93 - 96 .... 94¾- 94½ .. . - .. Registered . .. .... 44 ... .. .... - . ... .... - ... . . .. . - .... 10:> LOO .... .... . .. . ... ... - .. . .. - ... lu3 -103 . .. . Craitr Val., 1st, '40 . . a ... R.&A.D,lstcon.'89 4 101 -103 101 -102 102¼-105¼ 104½-1051,p 104 -105½ lOH~-105 105¼-106 105¼ 105¾ 105¼-105¾ 105¼-105¼ 105)4-105½ 106¼-107 .... .... - ... . 92 g~ - ... . ... - . .. ., 2d con11ol,, 1989 ... . 4 99 - 99 ... . - .. .... - .... 99½- 99½ - ... . .. - . ... Eliz, Lex. & B. S . . .. :; 101 -102 102 -103 100¼-101 101 -101~ LOl½-102 102 -102½ 102½-l02¾ 103 -103 100½-101¼ 100¾-101 lOl¾ -101¼ 101;1:!-102 Chlcnge & Al tenSIBktngtua~1903p6 .... - ... . ... - .... ··• - ... 106¾-106 ~. 105 -105½ ... . - .... 105¾-105¾ · •·· - ... 106½-106½ 106½-106½ . ... - . ... LQ4½-10l .... ... . ... ... . ... . .... - . ... . ... - . ... . .. Refundin~. 194.9 . .. . 3 .... - . ... ... - .... .. . - .... ... - . .. 92¼- 93 93 93 . ... U.S. 'l'r. Co. ctt .... 3 .... .. .. - ... .... - ... . .... - .... ··• - .... - .... - .... - •· .. - . .. ... - ... . \ll¾- 9Z . ... - . ... .... - . .. . ... ... 102½-102½ 102¾-102¾ .... ... . .... - . .. ... . L.&Me,R,l11t, 1900 1 .... - . ... ... - .. .. 101¼-101¾ . ... - . ... ... .. .. .. - .. .... - . ... .. .... 81½- 8! 82¼- 85¾ 84¾- 86 Railwa11, 1 9ii0 .. ... . 3~ .... - .... .... - . .. ... - .... ... . (Jblc. Burl. & Quincy112¾-113¼ 113).g-113¼ 102¾-110 110¾-110¾ 110 -110¾ 109¾ -llO½ 110¾-Jll¾ lll½-111 Con ■ol ...... ............ . 7' 110½-111¼ lll¾-112½ lll¼-112¾ 112 -113 Sink. fund, 1901 ..... ~ 101 -101½ .... - . ... .... - .... 101 -101 lOl.½\-101¼ 102½-102½ . ... - . ... 103 -108 103 -103 100¾ 100~ 101~101½ 101 -101 .... - .... ... . - .. ... . .... .... - . .. 104¾-104¾ .. .. - . ... ... . . .. .. . - . ... Cb. & Ia. Div., 'Ol .. ii .. .. - ... .... - .. . .. 101¼-103 101¼-102 102 -102 l02}4-102 Denver Dh ., 192~ . . 4 102 -102 100½-100¾ 100¼-100~ 100¾ -101 100 .;-101½ 101¾-102¾ ... - .. .. .... L04¾ -105¾ 104 -105 102¾-103 1~-105¼ 101~-104~ 105 lv3¾-105 -105 Illinoi11 Div., 1949.3½ 100¾-104¾ 103¼-101¾ 102½-103 102¾ 103¼ 10-.l¼-105¼ .. . 115¼-115¼ 115¾-115¾ .... . .. IewaDlv., ■ Ink. fd ... :; .... - .... .. - . . 116½-117 .. - . ... - ... . .. - . ... 113¼-113~ ··•· ... . .. . 103½-103¾ 103¾-103¾ lOi¾-104 1919 ···· - ····· ·· · .. 4 103 -103 105 -105~ 106½-107 105¾-1051¼ 105:J,.!- 106 .... - ... 105:J,(-105¾ .... Nebr'11ka F.xt., 1927.4 108¾-111¾ lll¾-111¾ lll¾-112)4 112¼-113 110½-110}.( 11()%-111¼ 110¼-111¾ 111 -111¼ 111 -111¾ 111:),(-112¼ 110 -111½ 111½-lll . .. . ... - . .. 100½-100½ .... - . ... .. - . . . ... l!!J. W. Div., 1921. ... .4 102 -102 .... - ... . ... - ... . ... - . ... .. - . ... . . Conve1·tible, 1983 .. . :; 120½-120½ 123½-123½ 123 -127~ 125 -132 125¾-12•1 ... - ... 125½-125½ 125¾-12•3 .... - .... . ... - .... 127 -138 140¾-UO~ Debenture, 1913 ..... :; 108½-111 110 -110¾ 111 -112 111¼-112 108¾ 109~ 109 -109¾ 109),( 109\14 110 -110 11()% -110¾ .. - .. . 108½-108½ 109¾-111 .... 119 -119 120 -120¾ 120¼-122 ... ... 1,0½-122 . ... - .... 118½-119 111%-120¼ 120½-12~ 121 -121 Bao. & St. J., cone .. 6 ... - .. .... Chic. & tia11t. llltneis..... . - . ... .... - . ... l ■t, 11lnking; fund ..... 6 113¼-113¼ .... - .... 114 -116 116 -116 116 -116 112 -112 114 -114 114 ·115 114¼-114¼ . ... 134 -134 136 -136 · ••· - .. 13! -134 l11tcenl!lol., a-old ....... 6 136 -138 187 -137 ... - .... 133½-134 134¾ 134½ 184 -134 . .. . . ... Gen. con ■ • 1st, 1937.~ 112 -114 113 -114 113¼-115 U61J(-117 115 -116 115 -116 115 -116 115 -115¾ 115 -115¼ 113 -115½ 113 -114-U 114¼-116 Red11tered ........... :; .... - . ... .. . - .... .... ... . - ... . 115 -115 .... - .... - . .. . 115 -115 . ... - .. .. . .. - . .. . .. - . ... Cb.&ln.C'IRy-l11t.~ .... .... 107 -107 - .... 105½-108½ 108¼-108¼ ... - . .. 108 - 106 110 -112 l09 -109 112 -113 .... ... LU -115 Chic, Ind. & l.eul ■ v.-114 Retundlna-, 194'7 .... 6 lll½-112½ 113 115 -116¼ 115 -115 115 -117 .... - .. .. 112¼ 112½ 113 -114 115 -116 110 -116 115¾-116 l17½ -120 - .... 108½-105 100½-101 102 -102 . - . .. .... - . ... 106 -106 107 -107 Refundlnll, 1947 ..... ~ 100 -100 100 -103 101¼ 103 103 -107 Lou. N. A. & C., l11t.6 113 -113 .. - .... 114 -114 115 -115.½I 114¼-116 116½-116¾ 113>11-113½ 115 -115 - .. 114¾-114'1 114½-116 116 -117 Chic. Mllw. & St, P... 166½-166½ 167!1l(-167¾ ... - ·•· · . ... - .... ... - . .. 179 -li9 ht, g;old, R. D,1902.'7 167 -167 .... - ... . .... - .... ... . - . .. 169 - 169 . ... . .. . . ... . .. . .... - ... . ... .... 172¼-172¼ . .. - . ... .. - . ... . ... - . ... ... - ... ... - . .. . ..... - .... . 111t. R. D.,£.190·l . .. 7 . ... 170¼-170½ ... . - . .. .... - .... 169½ 169½ . ... l•t C. & !ti. Div ...... 1 166¾-167¾ .... - .... - . ).72½-172½ .... - . .. . 175½·181 167)4-168½ 169¼-169½ 169½-170½ li2¼-175 176 -185 Con ■ ol ., 190~ ........ '7 166¾-16T~ 167¼-167½ 167¾ 169!1l( 170 -173¼ 168½-170¼ 170¼ -172¼ 166 -167 Terminal. ........... .. :; 112¾-113 114 -114¼ 114 -114½ 112 -U3 115¼ -115¾ 115 -115½ ll2l.( 112¾ 112½-112½ 113½-113½ 113¼-113¾ 112 -114½ 115¾-lHI Gen, M,,"A" 1989 .. .4 109 -110½ 109¾-111~ 111¾-111¾ 112¾-113 112½-113 110:j,(-112½ 109¼-lll 110¼-110¼ 110¼-110¾ 109¾-ll l 111 -112)4 114¼-114 . . .. 118 -118 . . .. . .. .... - ... . .. Chic. & L. Sup. Oh ..') 117%117¾ 120¾ 120¼ ... - .. . .... - ... .... - .. .. .. ... - ... . .... - . ... ... - . .. 121 ¾ 122 121½ -121½ 120 -120 .... - . .. 120 -121 121 -12L¾ 122¾-122¾ 124 -124 Chic. & Mo. R, Div.-~ ... - . .. US}s-118¾ .. - .... 119¾-120 120¼-120¼ 120 -120 .. .. - . ... 117 -117 Chic. & Pac. Dlv ...... 6 118¼ 119 - . .. . 119 -119 lHl¾-1197 Cbtc.&Pac. W. Div.~ 118 -121½1 120 -120¾ 120¼-121¼ 121¾ 122 120~-122¼ 120 -121 11$¼-118¾ 118½-119¾ 118 - 119½ 118¾-119¾ 120 -121 121¾ 122 115 -ll5 114:}ti-lH¾ . .. .... - -· ·· - ... lH½-114½ .. 115 -117 Dakota & Gt. So. ... ~ llQ½-110½ 114}.f-114¾ · ·• 127 -127 127¾-127¼ .ht H. & D. Div ....... '7 127%-1277~ .. .. - .... .... - .... .. - . . . 126¾ ·12~ . . ... - . . 124}:(-124¾1 125 -125 ... 111½-111¼ 111¼ 111¼ . . .. - . ... 109 -109 109¼-109¼ 1910 ... . ............... ~ 110¼-110¼ .. - . .. .... .. - . .. . .. - . ... .... - . l•t I. & D, Exten . .... , 166 -166 167¼-167¼ . .. - . ... 171 -172 171 -171 171 -171 166J.1!-166½ 168½-168¾ 168¾-168¾ 170 -170 173¼-174½ . ... ... ... - ... l11t La. C. & D., '19.. a . . . - ... . 117¾-117¾ .... - .... 119 -119¼ . .. - .... .. . - .. .. . - . .. .... - . ... ll8¾ 118!1f. . ... - . - . ... . ... - ·• •· .... - . .. .. . ... U0¾-111 .... - ... . ... - .. Mineral Point Div ... :; .... - .... 111¼-111¼ .... - . ... .... l11t So. lUlnn. Div . .... 6 117¾--119½ 119½-119¾ 119~-120 120 -120}.f 119½ 120¼ 119%-121½ - ... . 117½-118 118¾-119 117¼-119 119½-120 120¼-120 . . .... . . .. .. . 119½ 119½ .... - ... . 116¾-116¾ . .. 1st So. We11t. Div ..... ti ... . .... . ... - .... .... - .... us -118 118¾-ll ¼ . ... - .... .... .... - ... . ... . - . .. 117;1:! ·lli¾ 118½-119 ... - ... Wl11.& Min. Div . ..... :; 117 -117¾ 119½-119½ ,119½-120¾ lW:)4-120¼ 120 -120 .... - .. .... .. .. - . ... 120 -120 . .. - .. .. ... - .. .... - ... . 119 -121 . . - ·•·· . ... .. 118½-118 M. & No., l11l, 1910.6 118 -119 ... . - ··•· - . . . . ... - . ... . ... - ... . .. .... 120 -120 .... ... - .. . ... - . .. ... .... l.11t en ex •• 1913 ... 6 ... . - ... . 122 -122 . ... Chic. & North west' o-141) 140 139½-140 139~-140 137½-137½ . ... Consol., 191:; .. .... .... 7 .... - . .. 140¼-141}.f 141 -144 142½-143 141¾·141¼ 140 -HS 140¼-14111, .... Gold, coup,, 190~ .... '7 109 -110 ... llQ¾-111¼ Lll - 111¼ 112 -112¾ ... . 1U8¼ 108¾ lOP -1011 109 )4-lWJ,a 109¾-110 109~-l09½ 106½-106 Gold, rea-., 190~ ...... , 1081),{ 110 110)4110¼ 111 -111 111)4-112 110 -110 106¼-106 - .... ... . .. l US¾-108¼ 109 -109 109¼ ·109¼ .. Exten. bond11, 1926 .. 4 108.½i-109 110 - 11(1 lll_½i-111¼ 109½-109½ 110 -110 .... - .. .. ... - .. .. ... . - .. . .... - .... - ... 108½-108½ · •• · . ... Reghtered .......... .4 . ... - .. .. 107 -107 ... .... .... .... - .... . .. - .. . ... - . .. . .. , . ... ... . - .. .. . . - ·•· · 110 -110 110 -110 l~-109~ .... - ... 109¼-110 General, 1987 ..... . 3½ 105¼-109 1Q9¾--110)1i 109~-110~ 110¾ 110¾ . .. . ... 107 - 107 109¼-110 .. . 118 -119½ . ... - . ... .... - .. . ... - . ... 117 -11:s .. . .. 114¾-117 116½-116 . ... .. . "lnkln,r tund,coup .. .. ti .... - ... . - .... .. ... - . .. 111 -112 ... - ... ... Re1tistered ........... 6 .... .... 116 -116 117 -117 117 .117 118¼-115¼ . ... - . ... . - ... 8lnklu1t tund, coup .. .:J 109 -109 110 -110 109l't-109¾ 107 -108 .... - .... 1 ~ ·109 ... .... . - ... 108½-109 .... .. - .... . ... .. ..... .... ··•· - .... . .. , - ·•· · . Regi11tered .. .... ... .:; .... - .... .... - .... .... - . ... · • - . ... .... ... .... - . ... 101½-101x 107 -107 107 -107 107¾-108½ 107!14-107¾ .... - .... !lii J'r ■ , deben., 1909.~ 107 -108 108½-109¼ 109 -109½ .... . . 109¼-109¼ 107½-108 .. , 30-year deb., 1921 . . :; ... - .... 116¾-117 . ... - .... 118½-119 .. .. - . ... 117 -117 .... - .... . .. - . .. 116½-116~ 116 -116½ . .. Debenture, 1933 ..... l) 118¾-118¾ 121¾-121¼ 121· -121 121½-12~ 119 -120 119 -119 119 -119 120~-120½ 120½-120½ .... - . .. . 119 -ll9½ 121½-125 .... ..... - .. .. - .... . ... - . ... . .. .... . ... ... .... .... . ... - ... . · ••· .. . . Rea"l ■ tered ... .. .. ..:-. .... ... 120 -120 . ... .. ... EB,& L.S., 190 L,lsr.ti .... 103)4-103}:( .... .... . ... - . .. . .... ... ... · ••· .. .... . . .. · • •· ... ·•• · . .. . !'till.& M., 1st, 190:,.6 .... - . ... . .... .... .... 112¾-112¾ . .... .... ·••· .... .... - ... . .... . ... - .... . ... Nerth. Illinois, l1tt .. ~ .... - .... ... - .... .... .... .... 112¼-112¼ . ... ... .... ·••· . ... - .... ··•· .. .. .... ·•• · Ott. C.F.& St.P.,l11t ~ .... - ... . ·••· ... 110 -110 llll,4-111¾ ··•· .... .. . ... - ... . ..... .... .... . ... ... ... - . .. · · • .... Win, & St. Pet., 2d .. ,- 120 -120 .... - . .. ... - . ... . ... - ... .. - .. . . ... . .. 122½-122½ . .... 123½·123½ 123¾-123¾ 12(%-120¼ . ... M,L, S.& Wht.,•~t .ti , ... .. ... 1:38 -139½ .138¾-138½ 138¼-133¼ 135¼-136 ... - . ... .... - . .. . ... . ... 19i~-136 135¼-136 133¾-136 135%-136 Ext, & Imp.,•• f ... . :; 123 -125 122¾-123¼ 124 -124 125 -125 124 -125½ 125¾-125¾ 125!-4-127½ 124 -124 .... - .. 123¾ 123¾ 124½-124½ 125¾ 126 A&hland Div., l11t . . ti .... - ... . .... - ... .... - .. .. . - ... . - ... ... .... .... ... - ... .... - . - .... 139¾-139½ .... 1tllch, Dlvision,lit.ti .... .... - .... .... . .. . .... - .... 137¼-137¼ .... . · ••· - .... ·• •· - . ... . . .... .. ... .... . - ... .... · • · ·••· - .... .... ... 105 -105 106 -lOJ .... Cori"• deben.,19U'7 . .l .... - .... .... ... ·•• · 107½-107½ .... Chic. R. l8l'd, & Pac.Ceupan ................. 6 130 -132 .... .. 129 -129~4 129 -130¾ 130 -130 130 -13"~ 130:),(-132 131 -133 ·•·· 133~-133¾ 133¼-133¾ 132 -134 · ••· Rea"istered ...... ...... 6 127 -131 .... - ... 131 -131 . ... 132 -132'¼ . ... . . . 12-3½-128½ 129 -129 129 -129½ 130 -130¼ 13(1 -130 . ... - .... Geaernl, 118~. ll"••···" 103½-106 105¾-106½ 106;(-107~ 107 -107¼ 107 -108 107¾-108½ 106¾-107 106¾ 107 105;1:!-107 105¼-107 106¾-109½ 109 -109:1,1 .. Rea-lstered ... ...... .. 4 .... - .... 105~-105¼ .... - .... 107 -107 . - .... . - . ... 107 -107¼ 106 -106¼ 107¾--107¾ .. . D.M.&; F.D.bt,'Qii.4 .... ... . 96 - 96 .... - .... 96 - 96 · ••· .·•·.. · . .. ... . ... - . ... ... .. - ·•• · · ·• ht, 190:, .... . ... . ... 2½ ... . - .. ..... .... . ... . - .... .... - .... .... ·••· . ... - .... 86~- 86¾ ... .... - ... . .... Exten11ion, 190:; . .. 4 .... - .... .... .... - ... . - . ... . - .... ... . - . .. ... .. 96 - 97 - ·•• · .·~ ·• •· ·. Keek. & De11 JU., 1st.~ 113 -113 113 ·114 112 -112 108M-108¾ 107 -10; .... 109¼-112~ · ••· - ·•• · 111 -111 110 -110 112 -112· ·•• · ··• Chic. ~t.P. Min,&, Om.Consol., 1930 . ....... . 6 131 -134 134½-185 t35¼ -13i! 136 -13~ 135¼-136 132 -133¾ 131 -133¼ . .. - .. . 133 -13i½ 134 -135½ 134¼-136:J:( 133¾·134¼ Chic. St. P.& M., l11t .. 6 132 -132½ 135 -135 L35 -135 .... - .... 132 -132 .... - .. . . ... - .... . 131¾-131~ 131 -131 132 -133 . ... - ... No. Will,, l11r, 1930.6 - .... ··• · - ... - .... .. .. - .... 140 -140 .... .... . ... - . ... . ... ... - ... · ••· - .... ... - .... .. - . .. St. P, & S, Clty-bt .. fi 127 -129½ 130 -130¼ l30¼-132½ 130 -130 129¼-129¼ 130 -131 130½-130¾ 130!1:(-130¾ .... ... - .. . 129½-131 129¾-130¼ Chic. Term'I Tran§f .. 4 92½- 95 96 - 97¼ 95 - 96½ 95 - 115¼ 92¼- 93¾ 92¼- 93 92¼- ll3➔-, 92¾- 97 91 - 93¼ 91 - 92¼ 92½- 95 92½- 95¼ Chic. & \,l' est'n Ind..... .. 0118 -118 120 -120 rn -119 ... - .... 119 -119 . ... - . ... 120 -120 118½ -118¼ . .. . . ... ... - ·••· . ... - . .. 120 -120 General.. .... ~ - .. .... - .... - - .... - - ... - ... - ... - .... - ., - - .... . . .... .. - .... - .... - .. .... . - - . .. - .... - .. .. .. -. - .... - - ... ... .... - - .... - - .... -- - ... - .... - - - ... .... ... - . - - ... .... - - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... - .. .. .. .... -- - ... .... - ... -.. - .... - ····· . - - .... - .... .... - ... ... - . .. ~ .. - .... - .. - . .. - ... ... - .., ... - ... - - .... - . .... - . - ... - ... -. - ... - .... - .... .... - . - ~ ... ·•·· - ... - ... .... - ... - .... . ... - .... .... - .... - - -. - .... - .. . . .. .... - ... ... - . .... - . .... ... - - .... - . .... - ..... . ... - . - - RAILROAD BONDS. 1900-Continued. 1 JANU.ARY F'EBR'RY. BONDS. Choe. Ok. & G.-Gen . . ~ Vin. Hom, & OaytonSinl,tn1r tund .......... '7 ~d, 1937 ................ ½ Ctn. Day. &Ir, 1st... ~ 5suc.c.c. MARCH. JUNE. APRIL. JULY. AUGUST. -lEPT'BER. OCTOBER Nov'BER. DEC'BER. - - - - - - - - - - - - - - -MAY. - - - - - - - - - - - - - - - - - - - - - - -·----1-- - - Low.Hhrh r~ow.High Low.Hiirh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiirh Low.High - - - - - - - --.--- ---- - - - - - - - - - - - - - - - - - - - - - - - - 103 -103 .... - ... - ........ .... 113¼-113½ .... - - .... 113¼-114 .... - 117 -117 .... - .... 115 -115 1181/2·113½ 112!4-118 - . .. 112½-112½ ... - .. . 112½-112½ Lll -111 112 -112 c.1.s.L.&C. <& St. L. Cl, Cln, Chic. & St. L,General.. .............. . 4 94 - 96¾ 94'½- 96¼ 95¼- 97 97 - 98 96¼- 97!1,f 94¼- 95½ 94!1,{- 96¼ 97¾- gs¼ 97 - 98 97 -101 99¼-101 101 -102 Cln. Wab. & M., tst.4 93 - 93 95¼- 95¼ .... 98 - 98 . - ... . 97½- 98 98¼- 91:!½ 98 - 98¼ . . . . 98 .:. 98 1007-(-100~ St.L.Dlv .• lst.1990.4 lOl¼-101'.¼ 102 -103 103¼-lM½ 101 -102¾ 100¾-102¾ 102 -102 103 -103 102¾-103 104 -104 103 -104 103½ 104 Sp. & Col,, 1st '40 .. 4 .... - ........ - . .. . . .. 94 - 94 C. I. St. L. & C., ht.4 . . . - ... 105 -105 105¼-105½ . ... - . . . . ... - .. . ..... Cin. Snn. & Cl., con.;) .... - . . . 115\14-115¾ .... - .... 115¼-115¼ .... - .... 114 -114 - . . . 13! -184 c. C. C. & I., con sol., . . . . - . . . 136 -136 - .... 135¼-185¾.... Genernl consol .. .. 6 180 -130!',t . ..• - •... 132 -133 137 -137 - .... 128½ 130 131 -131 .... 134- -134 136 -137 c. & S •. a-u., 1901 .. 1 .... - ........ - ···· 101¾-101% ... . - .... W:i¾ 101¾ .Peo. & E,, 1st, cons .. 4 84¾- 87¼ 86¼- 88¼ 88½- 92¼ 89 - 90½ 88 - 88¼ 85 - 88¼ 87 - 88 87 - 87~ 87 - 88½ 86¼- 90~ 90 - 93 92~ 95 Incomes, 1990 . ... . 4 25 - 28!1,t 27¼- 29½ 28 - 3!l¾ 29 - 33½ 28 - 30¼ 24 - 28¾ 27 - 8J 26 - 28 26 - 27½ 27¾- 30 29 - 34¼ 81 - 50 Clev.. Lor. & Wheel.111 -111 . ... Consol,, 1st ............ /> 106 -107 107¼-108 •.•• - •• .. - •.. . 109 -109 109 -109 109¼ 109¾ ...• - •... 182 -13f. Cl. & Mab. V.-1938 .. ~ 128 -129 130 -130 129 -130 .... - ... 180 -130 - ... . .... - ........ Colorado lllidlandlst ... ............. ..... 3-4 63 - 67½ 67¾- 70!',t 69¼- 79¼ 76½- 78¾ 77¾- 78¾ 76 - 78½ 74¼- 75 74¼- 75 78¼- 74¾ 7-1¼- 77¾ 77½- 78¾ 78¾- 80~ 74½- 75 72½- 75¾ 74¼- 77¾ 77¼- 79 79 - 81 1st, aold, 194'7'....... . 4 71½- 75 72 - 74¼ 73 - 80 78)4- 80 78 - 78!'4 76 - 79 74 - 76 63 - 87 84½- 87 84¼- d5¼ 82 - 83~ 78½- 82½ 79 - 82¾ 81½- 84¼ 83¼- 95¼ Col. & p,io.-lst, g.'~9.4 82 - 86 82¼- 84'.¼ 82½- 85 83 - 85 Delaware & Hudson.... - .... l46¼-146hj .... 148 -148 .... lst, Pa. Div., 191'7 .. 7 - ... .. ... - ... . 141 -141 .... Reuistered. .. .. '7 ... . - .... 118 -120~ 118 -]18 .... - •... 121 -121 116¼-116¼ Alb.&Susq., lst,flU.'7 .... - ... . 115 -115 112¾-118 118 -118 113 -113¾ .... - ... 11$¾-118~ 1113,g-111¾ lll\)fi-111%11£ -112 1st coup., guar ...... 6 115 -115 - • . . 112¼-112½ 113 -113 Registe1.•ed ......... 6 . . .. - .... 118¼-113~ . . • • 147 -147 - .... l47½ ·1<l7¾ 148!1,f-148JI( ... - ... . .... Ren. & Sar .. lst,'21.1 .... - ~·-- 148¼-148¾ .... - ........ Reirlstered .. ........ . ? .... Del. Lack.& West'n190'7 ..................... '7 .... - ........ - .... 123 -123'.¼ .... - ........ - .... 12<11,,(-124¾ .... - .... 122¼ 122¼ .... Mort·ls & Essex, lst.1136 -U2 141 -141 .... - .... 140¼-141 L38¼-138¼ 137¼-140 .... - .... 138 -139 138 -188½ ..~. - ... . 13tl¼-187;½137 -137¾ 1871-1901. ... ....... 1107¼-107¼ 107!,g-107½ 107¾-107½ .... - ... 104¾-lO<l¾ ...• - •.. 105¼-106 105¼-105%106 -106~ 102¼-102%102'.¼ 10·t %103 -103}.t Consol., aruar......... '7 139 -139 .... - ........ - .... 141¼-141¾ Ul -lil 138 -138 ...• - •... 138½·138½ .... - ... 140 -140 138 -138),4 ~.Y. L. & W., lst .... 6136 -186 .... - .... 1373(-137¼ 137 -137 ...• - .... 138 -185 135¾-135¼135½-135¼185¼-186 136 -136 187½-138 Construct'n, 1923 .. 5 .... - .. . 120 -120 119 -119 .... - .... 119 -1111 119 -121 119¼-1111~ 121¼-122 Term'l & imp'mt ... 4 .... - ........ 105 -106 .... - ........ - .... 108¼-104 .... - ..... . Syr. Bingh. & .N. Y .. '7 .... - . .. l!i-2 -122 .•• , - ........ - ........ 118¾-118¼ ... - .. .. Denver & Rio G1.·andelst ............ . ...... .... ., 102¾-102!':f .. .. - .. . . ... - ... . 104¾-10!¾ .. .. - .... 102¾-102¾ 103 -108 103 -103 Consol., 1936.......... 4 96¼- 99¼ 98¾- 99¼ 98 - 99¾ 99~ 99½ 98¾- 99% 98¾- 99¼ 97 - 97¼ 97:J(- 98¼ 97¼- 98~ 98 - 99¼ 99 -1()()¾100~~-102¾ l@t consol., 1936.. . 4½ .... - ........ - .. 107 -107 - .... 107 -107¼ 107¾-107% .... - •... 106 -107 107 -107 108 -108 108 -109 109 -109¾ Improvement, 19'l8.~ 101¼-lO<l¾ 104¼-104½ 104¾-105 105 -105½ 105¼-106 101¼-103 .... - .... 102½-102¾102 -103 103 -103 105U ·106½105 -108 Des ltlo. Unlon-lst .... 5 .... - .... 109 -109 . • .. - .... 108¾-108¼ .... - .. • .. . Det. & lUac.-lst llen.4 .... - ........ - . ...... - .. . .. .. - ... 85 - 85 85 - 85 98 - 98½ .. . Hold ...................... 4 76¼- 78 78 - 78 79 - 81 81 - 82½ .. - • . . 82 - 82 .... 88 - 90 87 - 88 Duluth & J. R.-tst ... l) .... - .. . 107 -107¼ 109 -109¾ 109½-109½ LQS¾-109 109 -109 108 -109 .... - .... 107 ·-109 107¼-107½108 -108½110 -111 Dul.S.S.&Atl.-1937.5112 -112 110 -112 112¼-114 112¾-112½ ll4¼-lli½ 114¼-114½ .... 115 -115 115 -115 E.T. Va. & Ga.-See So. 108 -109 109!,(-109)4 Elg. Joi. & E.-lst, g .. ;} 107¼-107% 109¾-111¾ 111%-lll¾ lll½-113 . ... - • . .. 109¼-109¼ 109 -109¾ 110 -110 110 -110¾ ... , Erielst, Ext., 191,-....... :} 117 -118 117 -ll7¼ .... - ... . . . .. - ... . 116¼-117 .... - ... 117¼-llm .... - •.. . 119 -119 2d, Ext., 1919 ......... 5 119¼-119¼ ... . ..• - . . ...... 3d, Ext., 1923 ....... 4½ 118¾-113¾ 115 -115¼ . ... - ....... - •... 115¼-115½ 116%-116'.¼ .. . • - ....... lH¼-114½ .... - .... 116 -116 .... 4th, Ext., 1920 ....... 1) ... - ... . 123¼-123½ .... - . . . . . .. - .. · .... ht, consol., llOld .. .... , 188 -142 141 -141 137 -138¼ 137 -138¼ 137½-139 137½-137¾ 187¾-139 189½-189½ 134¼-187½ 135¼ 186¾ 139 -139)4140¼-14v)4 1st con. prior Hen, g.4 88 - 90'.¼ 89½- 90¾ 89½- 91½ 89½- 92 89 - 90¼ 89 - 90½ 87½- 88)4 87¾- 88¼ 87 - 88¼ 87¼- 90 89¼ · lh!l-.t 91~- 99 1st con. a-en. l., '96 .. 4- 67 - 70 69¼- 71¼ 7~- 74¼ 73 - 75¼ 71½- 73¼ 69~- 72➔-! 68¼· 69½ 68¾- 611 67 - 70 67½- 71½ 71 - 75¼ 75 - 86¼ Chic. & Erie, 1st, g . . ~ 114 -116 114 -116¼ 116½-117 116J.1;-117½ 115 -116 114¼-117 · 115 -116 116¼-116!,d 116¼-117 117 -117½ 115¾-116½ 116 -123 J eOe1·son, 1st, guar.. 5 . . . . . .. - . . . . .. . . - .. .. 104½-10!½ . . .. - . . . • .. . Loug Uock cons.'35.ti la9 -139 139¾-139¼ . ... - ........ - •.. 136¼-136¼ .... - . ...... - ........ - .... . ... - .... 130¼-137 137¼-138¾ Dock &l1npt., lst .... 6 . ... - ........ - ... . .... - ........ - ... 118 -118 - ... . ... . Mldl'd ot .N. J., lst ... ti 116¼-117 - ... . 119¼ 120 118 -118 119 -119 119 -119 .... - •.. . 119 -119 - ... . 115½-115½117¼-117½117 -118 l't. Y. Sos. & w., ret.l) 107¼-109 108 -108¼ 110 -110 1U9¼-110 109)4-111 109¼-110 109¼-109½ 108½-108½ .... - •.. . 108¼-109¾110 -110½ 110¼-111 ~d, 193 '1 ............ 4~ . . . . - . . . 98 - 98 . . . . - . . . . 99¼- 99½ . .. . - . . . . 99¾- 99½ .. . . - .. • . . . . . Gen., a-old, 1940 ... . :; 92 - 96 94 - 97¼ 94¼- 96½ 96 - 97 96 - 97 93 - 95¾ 94¼- 95¾ 94 - 96 96 - 96 90 - 95 - ... . 96 -105½ "' -T erminal, lat,gold./> 108¼-108½ 111 -111 113 -lH . ... - ........ - ........ WUk.&E.,lst,'42.5104 -105 10!¼-105 104,i-106 101 -105 10!¾-108 105 -109 104 -104¾104 -107 104¼-105¼104½-106¾106¼-106% ... Evansv. & T. Haute .Consol. ......... . ......... 6 .... 124¼-125¼ 125 -125¼ 125 -125¼ 124 -124 125¼-125¼ 120 -120 123 -123½ .... - •. . 123 -12!3~ 123¼-123½ 124 -124 1st, sren., 1942, gold.I) 103 -108 107 -108½ 107¼-110 l u6½-108 107 -108 108 -108 105 -108 106 -107¾ 106?,4-107 t02½-104½ lOi -106¼ 107¾-108 Evansv. & Jndianap.lst, consol,, 1926 .... 6 ... - .... 100 -104 . ... - •.. 106 -108 .... - .. . . 105 -105 105 -105 - .... 105 -105 FJlnt & Pere Marq ..... ti 120 -122 122 -122 122½-123¼ 121¾-lil¾ 122½-122½ 123¼-123¾ .... 121¼-121½ . .. - ... 125 -125 1st cons., sr .. 1939 ... l) 102 -103 103½-103½ 103½-105~ 105!,f, 108½ 105 -101 102¾-105 .. - ... . 105¼ 105¼ 105 -106X> . . . 106½-106~ 107 -107 Pt. Bur. Div., 1st .. .. I) 105 -108 107¼-107½ 105 -107% 106¼-110 107½-107½ .... - .. 106 -106 . ... - ... . 108 -108~ 107 -109¾ 107 -107 Pia. Cen. & Pen.-lst.~ .... - ... . .... - ... . 100 -100 Pt. W. & D. c.-lst.4 -ti 71½- 74¾ 70¼- 72¼ 70 - 72 71 - 73.½ 70 - 72½ 70 - 71 7J>i.- 78 75 - 8-1 70¼- 71½ 71½- 72½ 72 - 7<l½ 71 - 74 Pt. W. & Rio Grandel8t, 19~8 ............ 3-4 55 - 58½ 58 - 60 55 - 60 57¾- 60 57¼- 59 59 - 59 .. .. - .. .. 58 - 58 57 - 58 57 - 61 62 - 66 66 - 6~ Galv. H. & H. ot'S2.. 5 102 -102 108¼-104 104 -104¾ ..... - .... 103¼-103¾ .... - •.. . 100 -103 100 -100 102 -102 Ga. & Ala.-lst, cons.~ . ... - ... 89 - 89 - ... . 98½ - 98½ ... G.H.&S.A.-See !S. P .Co. Ga.Car. & N.-lst,a-u.5 99½- 99¼ .... Ga. Pacific-See !!!outh'n H.& St.J.-SuC.B.&Q. Hock. Val.-lst, con.4½ 99 -100 98'.¼- 99!':f 99).g-102 101½-103½ 102 -103 102 -103½ 100 -101¼ 99¾-lOOl}j 98 - 99'.¼ 98;)(-101 100¼-104%104½-l~ C. & H. V ., 1st, ext .. 4 102 -105 103¼-103¼ 107 -108 10!¼-106 10'1 -104 .... - ... . 106 -106 .... - . .. 105~-105½ .... - .... H. E. & W.T.-Seo S, P. H. & T. c.-See So Pac. Illinois Cenr.rnllst, a-old, 19~1 ........ 4 115 -115 lH -115 114 -114 llf\¼-115½ .... - •... 116 -116 - ... . .... - ... . 116 -116 Registered ........... 4 .... - .... 113¼-113¾ .... - .... . ... - . .. , 1st, a-old, 19~t ...... 3x, .... - .... 104¼-105).s .•• 106 -106 - ... . 105 -105½ .... 105¼-106¼ .... - .... 106¼-106¼ Gold, 19~~ . ... ......... 4 104 -104 104 -104½ 103¼-105 - .... 100 -103¾ 103¼-103¼ 103 -103 108 -103 .... - .. . 104 -104 Gold, 19~3 ............ .4 LOI -102¾ 103)4-104 102¾-104 .... - ... 101 -103¼ 102½-102¼ 101½-101¾ .... - .... 102¼-108 103 -103½ 102;14-104 108¾-1()4¼ Redstered ... : ....... 4 98 - 98 Loulsv. Div., gold .3½ 100 -101¼ 101 _-101~ 101 -102¼ 102¼-H'8~ 102¾-103½ 102!1i( 102:>t 101!,(-101¼ .... - .... 100½-101 101¼-101¾ . ... - .. . .... - .. .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .·... - .... .... - ....... - R.A.ILRO DS. 1900-Continued. APRIL. MARCH. MAY. JUNE. AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEC'BER JULY. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -----1----j JANUARY FEBR'RY. BONDS. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiizh Low.High Low.High Low.High Low.High Illinois Cent'l-(0011.)90 - 90¾ 91¾- 92¼ 92 - 92¾ 92¼- 92¼ 90%- 90¾ 90'¼- 90¼ 90¾- 90½ 90!1:(- 91½ 91¾- 91¾ 92 - 92 St. Louh Div., gold .. 3 .. - ... .. ... Geld, 19lH ......... 3½ 99½-101¾ 101 -101¼ 102 -102 102%-103¼ 103¼-103¼ 103½-103½ 101½-101½ 100½-101¾ ..•• - ••.. 101½-102 102¾-102!);! t03 -103 - . ....... - • •.. .. . - ........ - ........ - . ... . .. - ... ... . . - ........ - ... . 100 -100 . . .. - ... . Springf. Div., 1st . . 3½ .... - .... • .. . - . . . Western Lines, 1.st .. 4 .... - .... 111 -111 111 -113 113¼-113½ .... - ... . 113¾-114 lllJ¾-113¾ .. .. - .... lll!J:(-112½113 -113 ...• - •.. . 114¼-114~ .. Belle.&Caron.,lst.6 .... - ........ - ... . ... . - ........ - ........ - .... 119¼-1197,{ .... - •.. . 121 -121 ... . - .....•• - ........ - ... . ... , C. St. L. & N .O.,g.cp .~ ... . - .... ; ... - ... . 125 -126J,.J. 126½-126½ 126¾-126¾ . ..• - • •. . .•• - • . . . .• - ... . 125 -125 . .•• - •... 1115¾-126~ 125,½-127 ..• - •.•. .... - .... • • •· - • • ...... - ... . .... - ... ... .. - ..... . .. - .... 122 -122 ..•• - ... . .... Registered ...... .. .. 5 .. . - ... . .... Gold,J9:;t. ... . .... 3½100 -101¾ 102!1:(-103 ...• - ••. ...• - ........ - ••. ... •• - ... . . . . - .... .. .. - •... 101½-101½ ..•• - •••. 100¼-lOOJ,,f ... - •••• - •••• .... . . . .... . .. . ..•• 105:¼)-105½ .... ....... ... .. ... . ... .... ........ ... .. ... ........ ........ ... . 4 ... l'rlempl,.Div.,lst St.LouisSo.,lst ... . 4 ... - ....... - ....... - ... ... .. - ........ - ........ - ........ - .... . ... - ... . . ... - ... ... .. - .... 102¼.102½ ..• - •••. Ind. Dec. & West'n•• - . . .. . ... - ••. . 103½-104¼ . ..• - •• ... •• - ••. . . .• - •. . . .•• - ••• ..• - .. lst, gold, 1935 ...... .. 5 105 -105 .••• - •••. 105 -105 104~105 Ind. Illinois & Iowa- •.. . ..• - •.. . 109½-109½ .•• - ••. 107 -107 .•. • - •.. 108½-108~ .•• . -108 108 .... ...• 110½ 110¼ 109½-109¾ lst, 1•efund'g, 194S.. :; 106¾-108¾ lnternat'I & Gt. No.1st, 1919 ... ........... . 6 120 -121 121 -121¾ 121 -121½ . ... - . . . 119,½-119¾ 119½-120¾ 119½-120½ 120 -120½ 120½-120½ 120½-123 120½-123 123 -1251¼ 917-(- 96½ 87 - 87½ 88 - 88 fil½- 84½ 83 - 89 88 - 92 88 - 90½ 87 - 89 89¾- 91 89¼- 91 92 - 94 2d, 1909 . ....... .. ..... . :; 90 - 92 57 - 66 55 - 59 54 - 55 - . . . . .. .. . . .. 55½ · 55½ .... - . . .. . .. . 58 - 59 61 - 61% 57 - 59 3d, 19~1. .............. 4 60 - 62 -115½ 114 -117¼ 114 113½-115 -114 113 -113~ 113 -113¼ 112 lll¾-113¼ · 115 113¾ 113¾-114½ 113¾-114 -113½ 113 "iewa Cent.-lst, gold .. :; 111 -114¾ Kan.& M.-See T.&O.C, K.. City Plttsb. & G.... - •.•..••• - •.. . .•.. - •.•. 70 - 73 ...• - ••.. ..•• 72 - 74% 70½- 72½ 70¼- 72 lst & col, tr. co. ctfs.:; 68 - 69¼ 69 - 74'½ 69¼- 75 K.Ctty "o.-1 st, 1950.3 .... - ........ - . .. . 68½- 70 69¾- 69½ 66¾- 67 66½- 66½ 66 - 66¾ 64¾- 66~ 62 - 65 61 - 69¼ 67½- 69~ 67¾- 68¾ 6~¾- 63¼ ..•• - •....•• - •.• . .. . .. . . . .. .. . ... . .... . ... ... . . . . ... . .. . Regl .. te1·cd ... . .... . .. . 3 .... - ........ - ........ - . . .. . .. Keo. Cent.-See L. & N. L. Erle& West.-lst ... :; 116¾-119½ 120½-121½ 12l¼-121¾ 121¾-123 122 -123 122¼-123 119¼-120½ 120¼-120½ 121 -121 121¼-123¾ 123 -124 124¼-125 2d ......................... 5 108¼-112~ . ... - ... 115 -115 117 -117 117 -11874 119 -119 Northern Ohio, lst .. 5 .... - .... 110½-110½ .... - ••.. 110¼-111½ 110½-llOJ.!:, 110¼-lll ' L. Shore-See N. Y. C. Leh. Valley, N. Y.lst, guar., irold ...... 4½ .... - .... 108 -109 109½-109½ 110 -110¼ 10 ¼-109¼ 108¾-109 115 -115~ 115¼-115~116¾-117 116½-117~ ... - •.. .. ..• - .. 110 -111 112½-112½ 111 -111 118¾-120 ..•• - .... ..•• - ... . 109¼-110½ 111 -111 110½-111¼ 106%-108¾ lOS¾-109 Re1ilste1·ed .... .... .4¼ . ... - ........ - ........ - ........ - ........ - ... ... .. - ........ - ........ - . . . ... - ... .... - ....... - ... . 109 -111 . ... - •......• - •.. . 112 -112 . ..• - ••. .. ..• - ....... - •.. . .• - •.. . ...• - .••. Leh, V.Ter.lst,1941 .. l> .. .. - .... 113 -115¼ ..•• - .....•.• .• - •.. . .. - .•..•.• - .. .. Leh. & N. Y.-lst, gu.4 ... - ..... .. - .... 91½- 91½ .. .. - •. . . 92 - 921},j 92 - 92 93½- 93½ .. •• - ••. . 92 - 92 L. R. & Itl., 1st t. rec .. :; 37%-- 38½ . .•• - ••• . . .. - •......• - .. . . .. - •....•• - ••. . .. •• - •.....•• - ••. . ..• • - •• . . .•• - ••...•.• - ........ - •..• Long lsland. . - • . . . ... - .•...... - ••. . 121½-121½ 121½-121½ 121 -121¼ 120 -120 ..•. - .. 1221,(-122~ lst, consol,, 1931. .. . :; 120 -120 120 -120½ 122 -122 Gen. mort., 193~.. .. 4 96 - 96 ..•• - . . . . 98 - 98 98 - 99 99~102 100¼-101½ 100 -100 99¼-101 100 -100 100 -103 103 -103 lOl;Ji{-lO!l Ferry, 1st, 1922 . .. 4½ 99 - 99 97~ 97½ .. •• - •••....• - ... 102 -105 105 -105 .... - ........ - •.•. .. . . - •.. 99½-100 102½-102½103¼-10&¾ Gold, 183:'l ..... ...... .. 4 .... - ........ - ........ - .... . ... - ... . 100¾-102½ .. - . . . . .•. - ..•. . ..• - . . . . . - ... 100 -100 ...• - •. ...... - ... . Unified, 1949 .. .... •• 4 ... , - .. . . 85 - 86 .... - ••....•• - • • . . 90 - 98¼ 94¾- 96 94' - 95 93¼- 94¾ 91%- 94 94 - 96¼ 95½- 96¼ 96¼- 99 - ••. .. .•• - •.. . ..•• - ••...... - •••• - . . . . ... - ... .. ... - •... 106 -110 B'klyn & Mon., 1st . . 5 .. . . - •....... - .... .. .. - ........ - ... . N. Y. & R. B., lst ... . i> ..•• - ... .. .. . - .... . ... - ........ - .•.. 105 -105 . .•• - ........ - .... .. .. - ......•• - •.. .. ... - ... . . - ....... - ..•• - •... l~-110 109 -110½113 -113 ••...•.• ••..••• N. Sh. Br., 1st, con .. l) .... - ....... - ....... - .... .. .• - ... . 105 -106 ..• • - ........ ~ Louisv. Ev. & St. L.61 - 70¼ 62 - 63 ..•• - •••.... - .•....•• - •.. .. ..• - ........ - ... . Cons. :is, Trust rec . .. 62 - 70 67½- 69¾ 67 - 67¾ 66¼- 70½ 70 - 71 5¾- 6¾ ..• - ....... - .. .. .... - •...•.• - ... . ...• - .. .. 4¼- 5 5 - 6¼ 4½- 5 6 - 7 7 - 7 Gen'l, gold, 1943 ... . 4 6¼- g Loulsvllle &Nasbv.- .... 117 -119 119 -122 117 -118 117 -118 117¼-118 118 -118 118 -118 Genera.l mortgage ... 6 116 -116 120 -120 ...• - .... . ... ~O-yeai·, gold, 1937'.5 107:¼;-107½ 109 -109 109¼-110 112¼-112½ .... - .. . 111 -111 111 -111 111 -111 . ... - ... 111½-111½110½-110¾ . .. . - .•• Unified, gold, 1940 .. 4 96¾- 99½ 98¾-100 98%- 99¼ 99¼· 101¼ 99½-101 99¾-100¾ 98 - 98¾ 98¼- 99¼ 98¼- 99½ 98½- 99¾ 98¼-100%100¾-102 109 -109 109¼-109¾ 109)4-109~ uo -110¾ 110%-111½ ..•• - ... . 109¼-111 Col. trust, g., 1931 .. . :; 106¼-107 t08½-108¼ 109¼-109¼ .... - ... ... .. Coll. trust, 5-!lOs ... . 4 96¼- 98½ 98½- 99)4 98¾-100 98 - 98¾ 97¾- 983,,t 97¾- 98½ 98 - 99 98¾- 98!14 00 - 99½ 96¾- 97!14 98 - 99 98¾- 99¾ . ... - ........ - ... .. ... - ........ - ....... - .... 108½·104½106 -106 . ... Ceclliau Br,, 1907' .. 7' .... - ..... .. . - ....... - .... .. .. E. H & N., 1st ........ 6 111,½-111½ 112¼-112¾ 118¼-118¼ .... - ••.. 114½-ll!l½ .... - •.•...•. - ••.. U.2¼-113½ ...• - ....... - ••• . 115 -115 .••• - .. .. 'Wash. & Dec,, 1st .... ,- ... - ........ - .... ... - ........ - .... 102¾·103 .. .• - •. •...•. - ....... - ••. . ... - .... . ..• - ••...•.• - ........ - •·•• 127 -127 .... - . .. 128¼-123¼ ...• - ••• 130 -130 ...• ~ •••• -~• O. & Mob., lst .... 6 128)4-129 129 -129 129 -129 . .•• - ... . .... - ••. . . . . ~d ................... . ... 6 .... - ... 117 -117 ..•. - •......• - •.. ....• - •••. . .•• - •.. . ... - •.. 117 -117 . ..• - .... ll'i -117 .. .• - •.. . .... - ... . .... - ........ - ... ..... - ........ - ... . ... - ....... - ....... - ....... - ... . .. - ... 115 -115 Pensac. Div., 18~0 .. 6 .... - ... .... Pen sac, & Atl,, 1st .. 6 118 • 113 lll¼-112 112)4-113½ 113¾-113¾ .... - •.. . .••• - •••. 110!1:(-110~ .... - • . . . . .. - . . . .. • - ••.. lll~-111!14 .... - •••• St. L. Div,, 1st,' :ll.6 125¼-125¾ . ..• - .... .. .• - •• . . 128 -125 . . .• - ••....•• - •....... - ... . 126 -127 t26¼-126~.{ .... - ... .. ..• - . .. .... - .. .. 2d, 1980 ............ . 3 .... - ... ... .. - ........ - ........ - . .. . .. - . . . . .. - . . . . . . - ... . .... - ....... - .... 63¼- 63½ ..•• - ....... - .••• ..• - .... . .••.- ... . ill -111 111 -111 110 -110 107¾-107¾ 110 -no 109 -109 ...• - •....... - ••.• So.& N o.Ala.con.gu.:; .... - .... 107 -107 Ken. Cent., 19S'7 ..... 4 95¾- 97 116¼- 97¼ 96¾- 97½ 98 - 98 97½- 98 97¼- 97!);! 96¾- 96'4 96½- 97 96¼- 97 96%- 98½ 98½- 99 99 - 9~ L,&N.&M.&M.lst4½ 107½-107½ ..• • - ••. ... . . - ........ - ..... . .• - •...... - ... . ..• - .•...••• - ........ - •....•• - .•.....• - .... 111 -111 Nash.Fl.&S.,lst,gu.~ .... - ... .... - .... ... - .... ll◊¾-110¾ . . .• - •... 110¼-110¼ 109¼-lll .... - ........ - .. ..... - .....•• - ... 111%-1113' L.N.A.&C. -SeeC. r.&L. Manbo.ttaoConsol., 1990 .. ....... 4 103 -105 102¼-104 103 -lO!l½ 102 -103 99 -101¼ JOO -101½ 100 -101~ 101¼-101¾ 101~-102 100¼-l~ 102½-105~ 1~-105 Metropol.Elev., lst .. 6 112 -115¼ 115 -116 115¾-116½ 115½-116 115¾-116 116 -117 114¼-115 ..•• - •... 115 -115½116½-115~.j 116 -117½117¾-118 . ... 80¼- 80½ 80 - !!2 .... - .. , . &O½- 80½ 79½- 80¾ 78 - 78 .... - .... ... 78 - 81 Mex. Ceot'l-Coosol . .. 4 70 - 73½ 73¾- 78¾ 78¼- 81 1st consol, income ... 3 20½- 24¾ 28 - 26¼ 25¼- 29¼ 26¼- 28¼ 25¼- 27¼ 24 - 27¾ 25¼- 27¾ 25M- 26¾ 24¼- 26 25¾- 27½ 26 - 28½ 26¼- 29% 11¾- 13¾ 12¾- 18¾ 13 - 13 11¾- 12½ 12½- 13¼ 12¾- 13% 13 - 15!4 2d cousol. income ... 3 10 - 12 11¾- 12¾ 11½- 15 18¾- 14¾ 12 - 14 Mex. Int. - lst. 1977' .. 4 t!7 .- 88½ 877-(- 88½ 86 - 87¼ 85¾- 86¾ f,5 - 85¼ fil½· 85½ 85¼- 86 85¼- 86¾ 84c - 84¾ 83½- 84¼ 84 - 85¼ &¾- fil¼ - ....... - ... .. .. - ••. . .• - ••....• - •.... .•• - ••.. . ... - .. ....•.• .... 108¼-108¼ -103 108 .... ........ Mexican Nat'l-lst . .. 6 .... 2d, income, A, ........ 6 .... - ........ - ........ - . ... 81 - 81 .... - ......•• - . .. . •.• - ... . ••• - •... ...• - •.. .. .• . - ... . .... - .. .•• - •••• ...... 6 .... - ... ... .. - .... 18 - 18 17 - 17 13½- 13¼ 12 - 12¼ 13 - 13~ .••• - ••. . .••• - ... .. ... - •. . ••• - ....... - ... . 2d Income, B Mexican Nortb'n-lst.6 .... - .... 105)4-105¼ .•.• - .... . .•. - .... 105 -105 .... - ........ - ....••• - ........ - ........ - ........ - ....... . - •••• Mich. Cent.-See N. Y.C. M.L.S.&W .-see c.&N. lll. & N.-SeeC.M.&S.P. Mlnneap. & St. Louislst, gold, 19~,-.... .. . . 7' 143½-145 ..•. - •••. 150 -151 .... - ... 149 -149½ .... - ........ - ••....• . - •....•• - .. . .. - . . . .. - ...... - •.•• ..• • - •••• Ia. Ext., 1st, 1909 ... 7' .... - ....... - ........ - .. .. 122¾-123¼ 122½-122¼ .... - ••.... . . - . . ..... - ........ - ••...• - •....... ..• - .... ... - .... 124½-124½ .... - ..•• Pacific Ext., 1st ...... 6 ... - ... .. ... - ... . .... - .... .... - ... 128 - 128 ..•• - •....... - . . . . .. 122¼-122½ .. - •.. . . .. - ........ - . . . 123 -123 - ........ - ... ..... .... - .... ... - ... . .... - .... Southw. Ext., lst ... . 7' ... 1st, con., 1934, g .... :; 112 -118¼ 112¼-114 113¼-115 115¾-116½ 114 -115 111½-115 111¾-114½ 113 -114¾115 -117:i 117¾-118 115:¼;-119 116¼-ll~ 97 - 98}8 95 - 96¾ 96 - 98 97 - 97¼ 95 - 96 95½· 97 96 - 97 96 - 99 96½- 99¾ 98¼- 99 1st &ref., 1949 . ... .. 4 93 - 96¼ 96 - 9!l Mo. Kn.n. & Texas93~- 98¾ 97½ 92¾93 90¾98 . 1st, !lOld, 1990 .... ... 4 88¼- 90½ 90 - 92¼ 90¾- 93¼ 93 - 98¾ 92l-i- 93'h, 88¼- 92 89 - 91¼ 90¾- 92~ 90 2d, Income, 1990 ..... 4 67 - 69¼ 65 - 67¼ 65 - 70 68 - 70½ l:11 - 69½ 66 - 68¾ 67¼- 70 66 - 67 64 - 67¾ 6!!,4· ~ 66 - 72 71 - 77½ 89¾- 90½ 89½- 90½ 89½- 90% 89 - 92½ 89½- 93 92 - 98 1st, exten., g., 1944.~ 93½- 95¾ 92 - 93½ 90 .. 94 92¼- 95¾ 90¾- 92½ 89 - 91 - .... .. - .. .. Dall. & Waco, lst ... l) . ... - .... .. .. - ... .. ... - ..... . .. - ........ - . ....... - . . . . . .. - . . .. . ... - .... 90 - 90 .. . - .. 89½- 97½ 95 - 9~ 92 - 92½ 89 - 89 89¾· 92 90 - 92 88 - 91 89 - 92½ 91¼- 98½ 90 - 92 92¼- 93 M. K.& T. ofT., l8t.l> 91 - 98 81¼- 81½ 80 - 81½ 81 - 83½ 83¼- 87 80 - 80 82 :. 83 81 - 82 76 - 76¼ .. . - .... 78 - 80¾ . 7P¼- 81 K. C. & P.,lst, 1990.4 77 - 77 94¾- 95¼ 94¾- 95% 95¼- 97¾ 97 - 98,4 96¾- 96¼ 97 - 97¾ 97 - 98 ...• - ..•. 98~- 99~ . ..• - ... . 9i¼- ~ Sh. S. & So., l o1t gu .. li 92¾- 95 Mo. Kan. & Easternlst, 1942............... .:; 102½ ·104 104 -104 lO!l -106 103 -lOi 102 -103!'4 102 -103¾ 103 -105 103½-105 104 -104½102 -103½ 104 -106 106 -108 MiHonri PacUic3d, 1906 . ............... '7 .... - . ... 114)1;-115 ll!i½-115 115¼ 116½ 112 -113 112~ 112¾ 113 -113 113%-113¾~15¼-118 115\.e·116 113 -113½114¼·115¾ lstconsol.. ............. 6 114%-117 116;J4-117½ 116%·121 120 -121¼ 116 -117¾ ll4:J.(-ll6¼ 115 -116½ 116½-117¼ 117½-119 117¼-119½ 115 •118~118¼·120 Trust. gold, 1917' .... :; 94 - 1:8 96 - 99 95½- 97½ 97¼-101¾ 97 - 99% 95 - 97¾ 94!J.(- 98 96!1:(- 98½ 94¾- 95½ 9! - 97~ 95¾-100 .98~-!03;f - -- - - - - - - - - - - --~ - - - - - - - - - -- - - -- - - - - - - - - - - - - - -- - - -- - - - - - - - - - - - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO DS. 1900-Continued. J A.NU.ARY FEBR'RY. MARCH . BONDS. APRIL. M.AY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER DEC'BER - - - - - - - - ----1-----1 Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. Higo- M.18~ourl Pacific-(Oon.)lst, collat., &',, 19~0.~ 92 - 94 90¾- 92 90 - 93½ 93¾- 9~ 93 - 96¼ 90 - 95 91 - 94 91 - 93 91¾- 92 92 - 96 95½- 99¾ U9J,,(-104 Leroy & C. Val., 1st.:} . .. 92 - 92 93¼- 9± Pac. of Me.-lst, ext .. 4 105]1(-105¾ ..• - ........ - . . .. .. - . . - ... 106¼-106½ .... - ... . 107 -107 107¼-10'7¼ 2d, 1938, ext ...... :i .... - . .. . . . - ... . 112¾-113 112¼-112¼ - . .. . 1151,(-115¼ ... St.L.&I. f.!len.&l.g.~ 109¼-112 110½-112 11<>➔.(-113¼ 110 -111¾ 109½-lll lQ0¾-112¾ 109¾-110¼ 110¼-112 lll¼-112½108 -110¾ 109¾-113½112½-lH7<! Stamped, gua1· ...... .5 110 - 110 110¼-110¼ ... - .... 110 -110 - ... . 110 -11~ .... - ........ - ... . 112¾-112½ 109 -109¼ 110 -113 112¼-112¼ Unify.& ref., 19'l8.4 77¾- 81 80 - 82 79~ 82¾ 82¼- 84¾ 81 - 83¼ 78¼- 82 78 - 79¾ 78:J(- 79¾ 76 - 79¾ 76¼- 80¼ 78¾- 83l'4 82¾- 88 Mob. & Bir.-Pr. lien.~ ... - ... . 110¼-110¼ . ... - •... 110¾-110¼ .... - ........ Mobile & OhloNew .. ............ ...... . . . 6 124 -125 127¼-127½ 127 -127¾ 120 -128¼ 127 -127½ . ... - •••. 122 -124 125 -126 125½-126 125½-127¾ 127½-130 1261}j-127¾ 1st, Exten., UU7 .... ti .... - . ... . . - . . .. 123 -123 124 -124 124 -124 123 -123 120½-120½ ...• - .. . ..... Gen. mort., 1938..... 4 83 - 86 8~- 87 84 - 86½ 86 - 87 85½- 87 8! - 86½ 8! - 85 8<l¾- 86¼ 83 - 84½ 84 - 85 85 - 87 86¾- 87~ Montllom. Div., 1st .. :i 107 -107 108}9-108½ 108¼-108¾ 108½-109 108¾-108¾ 109¼-109¼ . ..• - •.. . 106½-107¼ 108 -108¼107¾-lOi!J:1108½-109 109 -110 St. Louis & Cairo .... 4 . ... - .... ... - .... 96¼- 96¾ Mer.L.&T.SS. ee!,,P Na b.Ch.&St.L.-lst.1126 -129 128¼-129 128 -129 128½;-129 128 -128 128¼-128¼ .... - ... . 128 -128¼127 -128 128 -128½128Y..,-130½1S0~-130~ 2d, 1901 . ..... .......... 6 ... - ... .... . - . . . 100¼-100½ .... Consol. g., 1928 . .. ... :i 104%-105 105 -107 11}6 -107¼ 104¾-105¼ 105¼-105½ 105}4-105¾ ..•• - ••. . ... - .. . 108 -109 105 -105½ 106¾-107½107~110½ New Yo1·k CentralN. y ,C. & H., 1st, cp .. 1 109 -109¼ 110 -110¼ 110¼-110½ 110½-112 111 -111 . ..• - • . . . . .. - .... 1~-108¾ 108¾-108¾ 108¾-108¾ 109¾ 110 110 -110 Registered ....... . ... , ... - ... 110 -110 110¼-110¼ 110¾-11 ;:f 111 -111 . ... - •.•. 108¾-108¼ . . - .... 108½-109 . .. - . .. 109¼-109½109¾-109¾ Gold, 1997 ......... 3½ 109 -109¼ 108 -1C8 109 -110¾ 110¾-110¾ UOJ,;(-111 llO!ij-111½ 108¾-109½ 109¼-110 109½-109¾ ...• - •....... - •.. . 110¾ ·111 ) Rea-istered . .. . . .. 3~ ... - .... 110 -110 Deb., 1884-1904 ... :i 107 -107¾ 107'7kl08 102¾-105¾ 105¼-106 106¾-106½ 106¾-107 107 -107 107¾-108 105 -105¼ 105)4-105¼ 104¾-105¼ 105 -105¾ Registered . ... ..... ~ . ... - .... 10~-107'7Ai 105~-105¾ .... - •... 1001/4-106¼ . ... - . . . . .•. - . . . 107}4-107¾ . ... 105 -105¼ 105 -105 .... - •.•• Deb.,a-.,'90-190ij.4 .... .... - .. . . 103¾-103¾101%-101¾ .... - ........ - .... 102¾102¾103¼-103~103 -103 Debt certs., ext., g.4 101 -101¾ 102¾-102¾ 103 -103¼ 103¾-103¾ 101%-102¼ 102 -102 102¼-102¼ 102¾-102¾ 103 -103 103 -10:t 101 -101 101 - 101¾ Lake Shore, coll. .. 3 ½ 97 - 99 97 - 99 97 - 98½ 98 - 99 97½- 98½ 97½- 9~ 97¾- 98¾ 96¾- 96¼ 95½- 97 95½- 97 ll6¾- 97:}.( 96¾- 98¼ Reaistered .. .... .. 3½ 95½- 97 95¾- 96 96½- 97¾ 96½- 97¼ 97½- 98 95 - 97 .... 94 - 95 9± - 95~ 93 - 95½ 96 - 96¾ 95¾- 98 l\lich. Ceot'I, coll .. 3½ 96 - 97¼ 95¾- 9'7?Ai 95¾- 97 97 - 98 97 - 97 96¾- 97¾ 97 - 98 95 - 96¾ 95 - 96¾ 95 - 96¾ 96 - 97¼ 96 - 97¼ Registe1·ed ... .... .. 3 .,. .... - .. .. ... - . . . . .... - . . . . 96 - 96¼ 97 - 97 9! - ~5 95 - 95 95 - 95 96 - 96 ...• - •.. 96½- 96½ Beech Creek, l ■ t, . . . 4 108 -108 110 -110 109¼-109¾ 109½· 109½ U0½-110¾ 110 -110 - •• .. 1~-lv9¾ - •. .. .. . Moba.wk & lllalone .. 4 L07 -107 106¾-107 - •... 106~-106¾ . . .• - •.. . .. , 107½-107½ ...• - ......•• N.J • .Jone., aen., lst.4 . . . - .. .. 102 -102 . .. . - •.....•• - ... . .... _ West Shore, guar . . 4 110 -113¾ 113¾-114¾ 112 -114¾ 113¾-115 112 -113¾ 113 -115¼ 111½-112½ 111¼-llZ¼ 112¼-112¾ 112¾-113½ 112½-114½ lU -116¾ Registered ............ 4 110 -112¾ lllj,g-113 112 -114 112¾-113¾ lll~-112¾ 110 -114 110¼-112 110}9-111½ 112 -112½ 112¼-112¾ 112¼-114 lll!J:{-114¼ L, S. & lU. ~., 1st, cp.7 l00¼-101¾ 101½-101½ .... - . . 102¾--102¾ 102½-103>11103¼-103¼ .... - .......• L.S.&M.S.lstconra-.7 ll.l0¾-101~101½;-101½101%-102¼100¾-100¾101 -101¾••·· - •...... - ... .. ... - ... .. .. . - .. . . . . - ...... - ..... . .. - . . . 2d, con sol., coup .... 1 112*113¼ 113 -113¾ 114 -114 114¾-116½ 114½-114¾ 111¾-111½ 112 -112 112),(-112¾ 112*112~ 112½.:_112¾ 113 -113 109¾-110¼ ~d consol., reg... .. '7 112¼-112¼ 113½·113½ . ... - ... 114 -114:U, lll¾L-111¼ . .. - .... 111¾-lll¾ . ... - ... . .... - . .. . 112¾-112¾ 112%-112¾ . . . Gold, 1997 ......... 3½ 109½-UO½ tlO -110½ 109%-110½ 110¾-111 110 -111¾ 109¼-109½ 109½-109¾ 110 -110 109¾-110 109¾-110¾ !11 -111 109 -109¾ · Reirlstered... . 3 , . . . - . . . - ... . 110¼-110½ ..•• - •......• - ••. . . .. - . . . . ..• - .. . Det. Mon.& T •. 1s1., l21 -121 120 -120 ...• - ••...... - .. . . 119 -119 119½-119½ .... - ........ - ··- · . .. 119 -119 .Uabou. Coal, 1st ... .') - .. . .... - .. .. 129¾-129¾ .... - .. . ..•• - ... 129 -.129 .... 130 -130 130 -130 Mich. Vent., 1st, con., 108¾-109 109 -109¾ 109¾-109¾ 109¾-109¾ 106¾-106¾ 106¾-107 105¼-107¼ .••• - .... 107¾-107¾ .... 104¾-105 105 -106~4 lst,consol ········~ - .... 103¼-103¼ .... - ·,;•·· 104¼-104¾ ... : - ••.. 102M-103¼ 108 -103 10$¾-103¾10! -104 .... - ••. . 101¾-102 102 -102 1909 .. . .. ... . ... ...... . 6 ... - .... 119¾-119¼ .... - .......• - .... 120½-120½ 121 -121 ...• 1931 ··················l) ... - .... 128 -128 .•• 126 -126 Resistered .. ....... ~ .... 127¾-127½ .... 1940 . ... .. ......... ... 4 105 -105 Reahtered ........ .4 .... - • .. , 106¾-106½ .•.• Harlem, 1st, coup .... 7 lOllJ:1:-102 102¼-102¾ 102!'4-102¾ .... Registered ........... , 101½-102 102¾-102¼ 102½-102¾ 102¾-102¾ . . .. N. Y .& Har., 2000.3x .... - .... .... - .... 115¾-115¾ . ..• N. Y. & No., 1st ...... ~ . . . - . . . . . . . - . . . . . . . . - .. . . . . .. - . . . . . . . - .... 122¾-122½ 121 -121 R. W .& O., con., lst.:i 128¾-128½ 128 -129½ 127¾-128¾ 126 -127¼ 126 -126½ 126¼-126¼ 126 -1213 126½-126¾ 127¾-128 125*126 126½~126½ 12~-126% Ut. & BI. Rlv,,19~2.4 .... - .... . .. - . . ..... - ........ - ....... - .... 108 -110 N. Y .Chic. & St.L.-lst4 104¼-107¾ 107½-108¼ 107%-108½ 105¾-107¾ 106 -107 106¼-107 106 -106¾ 106¾-107¾ 107 -107¾ 105¾-107 106 -107 107)4-108½ Registered ......... .. 4 103½-103½ .... - •. . . . .. - ••. . 105 -105 - .... 105).6-106¾ N. Y. N. H. & Hartt'dfJon.db. ct., all ins.pd. 185¾-188 188 -138 188 -138 ...• - •... 189 -189 189½-190 190 -190 191 -191 - .... 193 -195 19! -195 195 -195½ Hou sat., con., 1937'.:, . ... - ... . .... - .... 133 -133 - •.. . 132 -1<12 135 -135¾ N. ll'.&N.Eng., lst.1 lU -114 N. Y. O. & W .,ref.,lst.4 102 -107 106 -107½ 103¾-104½ lQ!¾-105¼ 104 -105¾ 105 -106 105 -106¾ 106 -107 103½-104¾ 103¾-104 10! -107¾ lOOJ.(-107" N. Y. s. & W .-see E1·ie. Nori. & So.-1st, '41 .. :'.l 110 -110 - ..•. lll¾-112 .... - .... 110 -113 lU -114¾ ...• 113 -113¾ •••. - ... . 113 -113 110¾-110¾ Norfolk & WesternGeneraL . ·· -··· · ..... 6129 -129 - .... 132 -132 - ... . 130 -130½132 -133¼136 -136 133½-133½···· - •• • . 133 -13a NewRiv.,lst,193~.6 .... - ... 133 -183 .... - •... 130 -130 131 -133 ...• - .; .. 133 -133 .... - •••• 130¾-132½131 -131½181¾-131¾ lmpt. & Ext .. 11'34 .. 6 .... - .. . .... - ... . .... - .. ...... - .... 129 -129!)4 .... - .... 131¾ ·131¾ N.& W.Ry., 1st,con.4 90½- 94½ 93:!4- 96 95¼- 99¼ 97¾- 98¾ 96¾- 97½ 95 - 97¾ 96 - 97¼ 97¾- 98 97¾- 98 96 - 97½ 97¾- 99¾ 99 -100 Registered . . ...... .. 4 ••.• - •••• . . . . 97¾- 97¾ .... - ••..... . • Sc. Val. & N. E., lst.4 99¼- 99½ 95 - 99 98½-100½ 100¾-103 99 -101½ 98 -100 100¼-101 101 -101 101 -101¾102 -102 101 -102 lOll}j-102 Col. Con. & Term'I .. I) ..•• - •.. . .••• - .... - •.. . ...• - •... 107 -107 ...• - .... North'n Pacific lty.P1·io1· lien .......... . .. 4 102½-104 103½-104¾ 103¾-105¼ 103½ 104:J:1103,(-105¼ 103½-105¼ 103¾-104;14 103¾ 104%103 -104½102)4-103¾103¾-105 1~-106¼ Re!listet•ed ....... . ... 4103 -103 103 -104 105¼-105¼••·· - .... 104¼-104¼101 -105 104 -104 103¾-10!¾ .... - .. . .... - . . . . ••• - .... 105½-105¾ General lien, 2047 .. 3 65 - 67¼' 66 - 67¼ 66 - 68¾ 68 - 69 66¾- 67¾ 66 - 6~ 65½- 66¾ 65¾- 65¾ 63%- 65½ 6<l - 66% 65¾- 72¼ 70 - 72¼ Registered ctts ... ... 3 . . . . - . . . . . . . - . . . . 68 - 68 66½- 66½ . • • - • • . . 65½- 65½ . . • . - • • • 67¼- 70¾ St. Paul & No. Pae .. 6 .... - .... 131½-131½ · - · - •... 131¾-132½ .... - •... . ... - ......• - ... . .... - •... 131¾-131J~ . . .. St.P.&Dul.,1931 .. !> ..•. - ........ - •...•.• - . •. . .•. - ... 124-12! - ... . 125 · 180 •. 2d,1917 .............. ~ .... - .... llQ¾-llO!J:{109 -111½ .... - ... . .... - .... . . . . - ... 113 -113 .... - •... 110¼-110;( .... - ... 112 -116¾ "1st. consol., 1968 .. 4 98 - 98¾ 98 - 98¾ 98 - 98 97¼- 98¾ 99½-100 99½- 99¼ 100¼-100¼ 100¼ ·100¾ ...• - .... 101 -105 Wash. Cent'l, 1st .... 4 ... . - ... . 88¾- 88¾ .. .. - ...... . . No. Pac. Te1·. Co-1st.. 6 118 -118¼' 118 -118¾ 118 -120 .... - .... 118 -119 119 -119 117 -117 113 -117 .... - •. '. 118 -118 114 -115!4117¼-117% Ohio Riv.-1 sr, 1936 . . :i .... - ........ •- ........ - .... 109 -109 .... - •.. 110 -110 - •.. . ••. - .. . . Gene1·al, gold, 1937.:i .... 95 - 95 - •.....• . 90 - 95 - .... 95¼- 95¼ 95 , - 95 Om. & St.L.-lst, '01.4 60 - 65 70 - 70 77 - 77 75 - 75 ..• .. ..... - ••... •.. - .... Or.RR.&Nav.l See Or. Ry. & Nav. Union Or. ebort Line. Pac. Pacific Coast Co.-lsr.~ 104¾-107¾ 107 -108¼ 107¾-108¼ 108 -110 10~-110 106½-107½ 106¾-109¾ 107¾-109 109 -109¼109¼-110}4110 -112 109 -111 Panama-1st, s. f . . . . 4½ 105 -105 105 -105 104 -104 102 -102 103½-103½ .... - •....... - .. .. ...• - .... 105 -105 .... - .... lOS¾-104¾ Sink. fcf, sub,, 1910.6 .... - . . - . . . . . . . . - . . . . . . . - . . . . . . . . - •. . . - •... 101 -101 Pennsylvania Co.~ 1st, coupon......... 4½ 111¼-112¼ 114¾-114½ 114½-114½ 116 -116¼ 115¾-116½ 116½-116½ 11 •~ 116½ 116¾-116¼116 -117¼115¾-116½116¾-116¾116½-117 ,.Registered .... . ... . 4½ 111½-111½ ..•• - ........ - . •....•• - .... 114 -116 ...• · C.St.L.&P ,lst,'32 .. ~ ... . - .. ...... - .... . ... - ... . ... - ... 121 -121 - •. .. 124 -124 Cl. & Pitts., con.,s.f.7 102 -103 . . .. - .... 103¼-103¼ .. .. Gen'I, a., ser . A ..•4x .... - .... 117¼-117½ .... - ,: .. 120 -121 .... Erie & Pittsb., B ... 3½ .... - .... 101¼'-101¾ 101¾-101½ ...• - •.• .1 ...• - •... 102 -102 .... P.Cin.&et.L.,lst.1..... - .... 101-101 .... - .. .... . - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -"·+··· -·•··.... - 90 RAILROAD BONDS. 1900 -Contiuued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEC'BER. - - - - - - - - - - - - 1 1 - - - - 1 - - - - 1- - - -· 1 - - - - · - - - - - - - - - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.Hiich Low.High Low.High Low.High Low.High Low.High Low.High t'elln11ylv- Co .-(Con.)P .C.t:.&St,L.,Sr.A4½ 114 -115½ 115¼-116 117 -117 116 -116 - ... 116¾-116¾ ll6ll:{-116¾ 116¾ 117¾ - .... 115 -115 116¼-116¼ ••. • - .... Seriee B., 1942 ... 4½ 118%-115% 115¾-116 .... - . . .. 115½ 116 116¾-117 116¾-117 .... - .••. 117 -117 117¼'.-117¼ ••·· 116¼-116¾ ·Sel'les D, 1945 .... - 4 ... . - . .. . L15¾-115¾ t08 - 108 106¼-109 .... 100 -100 100 -101¾ .... 99 -100¼ SeriHE, 1949 . .. . 3½ .. .. Plttl!l,Ft. w.&c., l11t. 7 135 -135 187 -137 187¾-137¾ - .... 136½-136½ .... - -··· 139¼-189¼ . . . - ..... 1353,si-185½ .. .. - . .. 137¾-187¾ •.• - .... 2d, 1912 ..... ........ 1 .... - .. .. 186 - 186 - •... 131 -131 .... 3d,1912 .............. , 184-184 ... . - ••.. 111 -111 111 -111 ••.. G.Rap.& l,,lilt ex.4½ lOS -108 112¼'.-112¼'. C.& !fl., ht, iin,'3~-.4,¾ 109 · no 111 -111 112¾-112¾ .... 'Penn11ylvanla RR .117 -117 U.N.J ,R.R.&C.,'4<1.4 ... :Peo. Dec. & Evan11v l11t, 6, Trust Co. ctf11 .. 100 -100 . . . . - .... lGO - 100 100 -101 101 -101 ,Evansv. Div., 1st, ti, Trust Co. ce1•tific'ts. 99¼- 99¼ 99 - 99½ 99 - rn 100 · 100½ 2d, 1926, a, tr, ctf11 ... 22 - 22 FP.& E.-see c.c.c&S.L. - .... 180()4-180¾ . . . . t'eo.& Pekin Un,-lat.6 - •.. . 132¼-132¼ - .... 130 -130 101 -101 101 -101 2d, 1921 .....(.... ... .4½ .... - .... 98-98 P,C,C,&St,L-See Pa.Co. Pittsb.Sh,&L,E.-lst.1> 118½-118½ ... . - . ... 115¼'.·115¼ .... 116½-116½ .... Plttsb. & West.-lst .. 4 99¾-100 100¼· 100¼ ... - ... . - .... 100¾-100¾ 101 -101 100 -100 100¾-100¾100¼'.-100¼'. .. .. J.P. M, & Co, ctfs ... .. 99½-100½ 100¾-100¾ 100¾ 100¼'. 10- ll:!-100¾ - ... . 101¼-101½ .. .. - .... 100¼-100¼ .. . . - ........ - .. . 100¼-100¾100½-l<><»i Readinii-Gen., 19~7 .4 83 - 85 84¾- 86 84%- 89¼ 88 - 90¾ 87 - 88¾ 87¼'.- ~ 86¾- 88¾ 87½- 88 85¾- 88¼ 86¾- 89 87½- 90½ 90¾- 96¼ Registered . .... . . ..... 4 87¾- 87¾.... - ........ - •... 88 - 133 •• . • - •••• Rich. & Danv,-See So. lUo Grande Western98¼'.-100½ 100 -101 lst, 1939 .. ............ . 4 94¼'.- 96 00 - 97¾ 97¼'.-100¼ 99 - 99¾ 98 - 00¾ 99 -100 97 - 98½ 97¾- ~ 98 - 99½ 98 - 99 Utah Cent., 1 st,.gu . . 4 .... 85 - 85 86½- 86½ - . . . . ... 88¾- &:!¾ .• . • •Rie Grande So.-bt .. ,1 ... . . . 71 - 74 74 - 81¼'. 79¼- 79½ .... 77½- 77¼ ... - .... 77 - ?8 77 - 78 93¾- 93~ 94 - 94 . . . . 92¾- 93 93 - 93 Guar., 1940 ...... . 3-4 .... R. w. & o.-see N. Y. c. tilt, .Jos. & Gr. Islandlat, 1941 ..... ... .. .. 3•4 82 - 84¾ 82 - 83 88 - 84 83 - 84¼ 84 - 85 83¼- 84½ 81 - 82½ 84 - Si½ S5 - 85 85 - 87 86½- 90¼ 90 - 92 1U,L,&I.M,-See M,Pac, -St. L. & San Fran.•Class B, 1906 .. ... ..... 6111¼-111¼ 112¼-118¼ 112 -118¼'. ... - . .. 111 -111¼ 111¾-111¾ 112 -112 112%--112¾ .... - . .. . . ... - . .. . 110¼-110¾111½·111½ •ClaH C, 190ti .. ....... . 6 .... - . . . . 113 -118 .. .. - •••..... .... - . ... lll½-111½ 112¾-112¾ .•.. - .. . . 113½-113½ 11(%-110¼ 111¼'.-111¼'. ·General, 1931. .... -.. ti .... 128 -123 122 -122¾ 122¾-124¾ 124¼-124¾ 125 -125 122 -122 121¾-122 1221,,(-124½122¾-122¾124 -128 128¾-130 General, 1931 ....... . ~ 106 -108¼ 108¾-109¼ 109¼-110 110½-118¼ 111½-112¼ 110¾-112½ 107½-108¾ 108½-109 108¼-109¾ 108¾-111½ lll¼-115~ 114¾-115¼ J at, trust, l!JS7' ..... . a .... . 108½-104 - .... 102½-102¾ .... ·St, L, & S, F. lt.lt.-i.r .. 4 79 - 81 80 - 84 82¼- 83¼ 82¼- 83'1,i 811/,r 82~ 82½- 83 80 - 81¾ 80 - 80 80 - 80½ 80 - 82 82 - 88½ 88)4- 92¼ S. W. Div., 1st, '47' .. ~ .... 98½- 98½ 100 -100 - ........ - .... 90¾- 110¾ Cent. Div., ht, '29 .. 4 .... 95 - 95 91 - 91 93 - 93 -St. Louis Southw'nlst, 19S9 .. .... .. .. . ... .4 86½- 91 89¼- 91 88~- 91¼ 91 - 98¼ 89 - 91 85 - Sil¾ 86½- 89½ 89 - 91¾ 89 - Ill~ 89½- l:!3½ !lO½- !l5½ 98M- 00¾ 2d Inc., 19S9 ...... . .. . 4 53¾- 59¾ 59 - 61½ 59½- 64 62¾- 65½ 60¾- 63¾ 57¾- 62~ 57¾- 59 58½- 62¾ 58 - 62¾ 59½- 63½ 62 - 71 70¼- 75 'St.P, & Dul,-See N.Pac. l!lt, P. lUioo. & !Uao, 2d mo1·t., 1909... .... 6 - .. .. 119¼-120 120 -121 117%-118 117¾-120 .... - .... 117¾-117½ ... - . ... 119 -119 ...• - .... 116¼'.-117½ 118¼-118¾ 1st, consol., 1933 .. . ti 187 -140¼ 141 -141¾ 140½-141¼ 141¾-142¾ Hl¾-142½ HO -142 ..•. - .... 137¼-187½ .... - . .. 138 -139 U0¼-141¼ 143 -148½ Reduced to ......... 4½ 112¼-114¾ 114½-115¾ 115#-116¾ 116¾-116¼ 116 -116¾ 116¼-116¾ 114 -114¼ lH -lU¾ 114½·114½1U -114¼'. 115½-116¾ 116%--117¼ - .... 115¼-115¾ .... - .... Reartste1·ed ..... .. 4½ .... - .... Dakota Exteosion .. .. ti 119¾-120¼ 121 -121¾ 121¼'.-121¾ 121 -121½ 118½ ·118¾ - .... 119 -119 119¼-119¼119 -119 117½-118¾ 1111¼ 1111½ Mont,Ext.,lst,1937'.4 102½·104½ 104 -104¼ 108 -104!,4 104 -105 104 -105 102½-102½ 108 - 103 103 -103¾ 104 -104 103 -101¾ lOJ.¼-105 103¾-10! - ••.. 108 -108 109¼-109¼ E.Minu.,lstDiv,lst.~ ... . - ....... - ... .... . - .. . lO~s-108¾ ... - . ....•. - .... .. . . Minn. Union, lst .. . . . 6 .. . - .. .. 128 -12d 180½-131 131½-131¼ 131½-131¼ 135 -135¾ Mont.Cen.,lst,193'7.6 129¾-129½ 184¾-18i¾ . . .. - .... 184 -13!¼ . . . . .... - . ... 130 -131 - ... . 116¾-117½ .... - ... . 118 -118 1st, guar., 1931 . ... 1) . .•. - .. . . 118¼-118¼'. 118¾-118¾ • . • - .... 117 -117 S, A. &A.P,-&e S Pac. S. Fr. & N, Pac.-lst . . a .. .. - . .. . 112 -112 . •.•. 106¼-1063-.( 8.Fe Pres.& Ph.-lst. ;; .. .. Sav. Fin. & West'n1st consol.. . .. ...... . . . 6 125¼-126½ .... 114½-94¾ St, John's Div, l8t . . 4 ... . - ... . 101 -101 100 -102½ lOb¼-106 . . 103 -103 .... Ala. Mid., 1st, 19~S.a .. .. - . ... 1021}.(-102¾ 105 -105 .. . . Hr. & \V ., 1st, gua1-.tJ ... . 85-85 . .. . 8~-83 •.. S. C. & Ga.-See Soutb'n ~outbero Pacific Vo.Collat, trust, 1949 .. 4 80 - 88¾ 88 - 84¾ 82¾- 84¾ 83 - 85¾ 82 - 83½ 78 - 81½ · 78 - 79¾ 78¾- 79 76½- 78¾ 78¾- 81¾ 81¾- 85 81¾- 83¾ Registu·ed . . .. ....... . 4, .. Au, & N. W., 1st ...... ;i 95 - 98¼ 97 - QS¼ 98 - 99¼ 98½- 99¾ 98 - 99 98 - 98¾ 96¾- 9i¾ 96½- 98 95¾- 96¾ 9i¾- 95¾ 941).j- 94:1( .... - ... . Ven. Pac., 1st, ref.a.4 97~-100¾ 98¼- 99¾ 98¼ ·100 99½-100½ 1!8¾· 100 99:ki· lOO~ 99¾-100½ 98 - 98½ 97¾- 98¾ 97 - 98 97¾-100,l,slOO -101~ Registered..... .. . 4 . . . . 99%- 99¼ lllort., gu., g,,'29.3½ 81 - 84 82¾- 84¾ 82¾- 85¼ 84¾- 85½ 84¾- 86¼ 82 - 84¾ 81¾- 82 81¾- 82 81 - 82½ Sv¾- 83% 83 - 80 83¼'.- 84¾ G. H, & S. A., 181 .... ti . . . . . . ... - .... 110¼-111.l¼ 110 -110 :Id, 190~...... . . ... 1 .. . . - . ... 106½-106½ .... - .. . - ...... .. - .... 104½-105 lU, & P. Div., lst .. :i 101 -102¾ 101¼-102¾ 100¾-102 101¾-102¾ 98½-100 119 - 99½ 99 ·HO 98½- 99¾ 98 - 98~ 98 - 100¼ 97½-100 99½ ·100¼'. Gila Val, G.&N.,ht.;i .... - .... 110 -110 .. . . - ·-·· 106¼-106¼ 100 -104 104½-104½ 105 -105¾ - . . .. 103 -105 10'1.½ 105¾ H. E.& W ,Tex.,lst ..) 100 -100 .... 102 -105 103 -105 - .... .... - .... 103¼-lO:t½ 105 -105 Hons.& Tex.c., 1st.I> 110 -110¼ .... - . . . 110½-110¼ lll½-111¼ lll½-111½ 109 -110 110 -110¾ 110¾-111½ 110¾-lll¾ 111½-112 112¼-114 Consol., g;, 1912 .. . ti ... . 118 -1~8 .... lll¾-111¾ - ... . 111¾-112 112 -112 - ... 109¾-109¾110½-110½ .. . . - ... General, g,, 1921..4 83¾- 85¾ 85¼- 86 85 - 87 84¼- 85 84 - 85¾ 84½- 85¾ 83¼- 84½ 81 - 81 - .... 83 - 88½ 88½- 85¾ l.U org. La. & T., 1st.ti .... - . ... 120¼-120½ .... -Orea. & Cal., 1st ..... ~ .... 99 - 99 98½- 98½ . . .. - ... . 101¼-101¼'. ~an An. & Ar. i'ass.4 75 - 78¼ 78 - 80 76 - 80¾ 78 - 80½ 77¾- 'i9 75¾- 78¾ 73 - 76 75½- 75;}.I 73!4- 76 73½- 77½ 76 - 79¾ i9 - 81¾ l!lo.Pac.,Ariz'na,1st.6 110 -110¾ .. ,. . 118¼ 114 113¼'.-114¼'. 113½-114½ lll¼-112¾ 111 -111 110½-111 110 - 110 ~o. Pac •• Cal., lU0J.6 . . .. - .. .. 1(,9¾-109¾ .... - .. . 109 -109¼ 109 -110 .. . . - .. . . 107 -107 !08¾ 108¾ 109½-109¾ - .... 110 -110 1st, 190.1, B., ... . ti . . . . 110¾-110¾ . -. . - . . .. 110¾-110:)4 .... - ... - . . .. 112 -112 111),,t-lll¼ 111),4-111¼ 111:)4-111~.. .. ht, 1900, C. & D .. 6 . ... 1st, HH:l, E, & F .. ti - ... . ... . - .... 117¾-118¾ 119 -119 - . . . . 107 -107 S.P.,Cal,lst,con.'37.:; 105¼-105½ .... Stamp., 190J-31 ... ;i 104½-106 105¾·107½ 107 -109¾ 10!) -109½ 105½-107¼ 105½-107½ 106 -107½ 106½-107¼ 106 -107½ 106¾·107½ 106 -107 106¾-107 . 116¾ 116½ . ... S. Pac., N.Mex., l11t.6 .. .. T, & N, 0,, Isl, '0.i .. 7 .... - .. .. 114¼-114¾ . Consol, Ir•• 11143 ... ~ 101 -104 108¼-104¼'. 108 -10$¼ 103¼-104¼ 108¾-1C4,¼ 10! -104½ 101¾-102½ 102 -102½101}4-102½101¼'.-10l¾l01¾-104¾104¾-l06¾ 8011thernlst, consol., 1994 . .. .:i 106 -108 107¾•108¾ 108 -113 112¼:-113!,4 110¼-113 110 - 112 107%-108¾ 108¼-109 108 -109¼108¾-110¼ 109¾-112¾112½-lH¼ Registe1·ed . ......... . a .... .- . . .. . .. - ........ - .. . 107~-108¼ 108 -108 ...• Me1oph·. Div .... 4-4½•:i .... - ........ - ........ - ... . 108¾-109¼ ...• - ........ - •.. 108 -108 . . . - ... . All, & Danv., 1st, 1r.:; 99:14-100 100%-100¾ 100¾-101¼'. 101¾-101½ 102 -102 l11t, aold, 1948 ... .. .4 .... - ... .... . - ........ - ... .... . - ...... - . . 93¾- 93½ 93:J.t- 94¼ ...• - •... 94¼:- 94¾ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R_AILRO.AD ~D MISCELLANEOUS BONDS. 1900 Continued. JANUARY FEBR'RY . MARCH. --- --- --- - BONDS. -----·- ·---- APRIL. - - MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEO'BER. - - - - - - - - - 1- - - - 1 - - - - - - - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hlgb - - - - - - -- Southf'rn-(Concluded,)Col.&Gr.,Jst,'16 •• 6115-115 --- { (. .. ..•• - •••....• - .. . ..•. - .....•• - •••. .••• - ••• . •••• - .•...••• - ••..•••• - •••.•... - ••...••• - ... E.Tenn.V.&Ga.,1st.7 .... - ... . 101¼-101¼101¼-102¼102¼-102¾102¾-108¼ .••• - ••....• - ........ - •....... - ........ - ... . .... - .. . ••. - ..•• Dlv1slonal. ... . ...... 5 115½-116½ 11,i¾-ll!l~ .... - .. 117 -117 117 -117 ... - •.. . ...• - •....... - •.. . 116¼-116,¼117 -117 119 -119 119 -119 Consol., 1st, g ....... . 5 114 -117½ 117 -118¼ 117 -118 118¾-120 116¾-11'7½ 115 -117¾ 115 -116½ 115¼-116:i.-118¼-ll~ 120 -120¾116 -117¾117½-119 E.'l'enn.reora.llen.4-5 108½-108½ .••• - . . . 109 -110 110 -111 111½-112 110½-110½ lll¼-111½ .••• - ••....•. - • . . . .. . - . . . 110¾-111 111¼-llll Ga. Pac., 1st, gold ... 6 119½-121 121 -122½ 121\14-123 122¾-122½ 124½-124½ . ... - • . . . . •• - •••. 121¼-121¼ .. . . - . .. 122½-122½ l25 -125¾ ••.• - •..• Knox. & o., 1 t. g ... fi 118 -119 119½-120¼ 1203,(-121 122¼-124 124 -124 . ... - • .• . ... - .. . 1201.(-120¾ 120 -121½ 120\14-122½ 124 -124 •... - ••.. Rich.&Dnn.,con.,a- .6119 -120¾ 120¾-122 121¾-122¼ 126 -126 122½-123¼ •••• - ••. 120~-120¾ . ... - . . 123 -123 122 -123¾123½-124 124 -tu¼ Equip. 1!1, f •. 1909... 5 101 -101 ...• - ••..••• . . ... - ... . ... . - ........ 101¼-101¼ .. .. - . .. . ... . - .. . . ... . - . . . .. . . . - •...•••• - .. Deb., 1927,stamp 5 .... - ... .... - .... .... - ... .. ... - ... . ... - .. . . .... - ........ - .... 104 -109¼108 -108 105½-1C5½ •••• - .... 109¼-109~ Rieb & llleckl., lst.4 .. .. - ....... - ....... - . ...... - ... .... - . . .. - ... . . . - .. . - ........ - .. ... . .. - ... . .... - ... 83 - 83~ ~o. Car. & Ga .., 1st .5 102 -105 104 -105 10! -105½ 107¼-109 103\14-104¼ 104 -105 •••• - .... 105 -105 105¼-105¼ 105 -106 104 -105½106½-l~ Va. Mid.,aen.,1936.5 109 -110 ..• - •.. . 110 -111 1113,.(-111~ 100¾-lll 111 -111½ 110 -110 llQ¼-111 ..•• - . . . 111 -111 111 -113 112¼-118½ 1936, ir .. stampfld .. ;5 108 -110 .... - •.. . 1103,(-110¾ 110\14-110¾ .• - ... . ..• - •.. . 111 -111 110 -110 ••.• - ••...••• - •..•••• - .... 118¼-llS½ W. o. & W .. 1 t,'24.4 - . .. .... - ... . . . - . . . . - .. . ... - .... . .. - ... . S'i - 87 .... - •... 91¾- 91½ .••• - •. . ..•.• - ........ - •. . W. N. Car., 1 t, con.fl 114¼-114¾ ..•• - .. .. 118 -119 118 -118 118 -118 .. .. 117¼-117¼ ...• .•.• - ..•.•••• - •.. 118¼-119 .•.. - •• . Spok. F. & ~o .. 1 t .. 6 . ... - .. . .... - ....... - ... . ... - . . . ... - ... . .... - .... 117 -117 . .•• - ••. . .•. - ........ - .. ..... - •.. . ..• • - .. . Term'I Ass'n of i-t. L.1st, consol .. 194'1 ... . 5 . ... - ....... - ........ - ... .. ... - ... .... - ... . .... - ... . 114¼-114¾ .... - ••. il3½-113½ .••• - ........ - ••. . 115~-ll~ St. L. Mer. B'uc Ter.5 111 -111 . ..• - •••. . .•• - .... . ... - ••. . ...• - •••..• . • - ••.. . •• - ••...••• - •••.• •. - •.. . .•. - •••.•••• - ••. . . •. _ ••• . Tex. & N. .:....see So • .l'. o. Texas & Pncifi c·••.• - •••. Ea tern Div .. 1 t . . ... 6 •·· - .... •··· - ... . •··· - •··· •··· - ........ - ... . ... - .... •··· - ••• . 105 -105 104'¼-104¾104¼-104¼ .... ht, gold, 2U00 .. ..... . 5 111 -113 112¼-114 113¼-il5 114. -115¾ 114¼-116 110¼-113½ 111 -112 111¼-112 ll2 -113½ 112%-il<l!l,t 11~½-117 113¾-11~ 533,.(- 53~ 57 - 60 58 - 72 ~d, g., inc., 2000 .. .. . 5 .... - ... .. ... - . . . . 53 - 69 57 - 62½ 62 - 68 . . . 70 - f-2 80 - 90 Toi.& Ohio Cent.-bt,5 105 -105¼ 106 -109 110 -114 l12½-114½ 113 -118¼ 113 -114¾ 111 -112 111 -113½111 -112¼111!1,(-112~ 114 -116½115 -115 West•n Div. , l11t ...... 5 105 -105 . . . • - •.. . 109½-112 110 -111 110 -111¾ 111 -111 112 -112 112¾-112!)4111½-111% 113 -lU . . - .... 99 - 99¾ 100 -100 100 -101~ 100¼-106¾ 104¼-106 General, gold, 193.'i.5 ... . 95 - 95 97 -100 99¼-101½ 101¼ -10:l¾ 99¼-100 99 -100 Kan.& M ,lst,iru.,g.4 84¼- 88 S6 - 88 87½- 90 - • • . . . • • - . . . • . • • - . • . 89 - 89 91 - 91 92 - 92 87¾- 88 89 - 90 90 - 90 Toi. Peor1a & Weet.lst, 1917... .. .. . .. ..4 78 - 81 81¾- 84 S2½- 83½ 88 - 84 . ..• - ••.. 83 - 84 81 - 81 82 - 82 82¾- 83 82½- 83¾ 82:14- 85 85 - 86 Toi. St. L. & Ii.. C.lst, 6, Trust receipts. 110 -117 117 -123¼ 117¾-127 122½-127 120 -129¾ 129~-180¼ ..•• - •••••••• - .... .... - ... . .... - ........ - ••. . ..•• - •••• Toi·. H, & Bu:ff.-lst . . 4 .. .. - . . . . .. - ......, .. - ........ - ....... - ... . ... - ....... - .... ... - ... 100 -100 . . .. - ... . .••• - ••. . 97¾- 99 Ul11. & Del.-lst, con .. ~ 103 -104 104¼-104¾ 105¼-106½ 107 -107 . ..• - ........ - •••. 106 -106 107- 107 106¼-107 107 -107 . .•• - ... . 105 -105½ Union Pacific:i0-yr .• gold, 1947.... 4 101¾-104-U 104 -105¼ 1043-(-106¼ 104!1(-106~ 104¾-106¾ 105~-106¾ 104¼-105!14105 -105¾104¾-105½104½-106¾105¾-106¼107 -108 Registe1·ed .... . . . ... . 4 103¾ 104½ .••• - . . . . ..• - • .. . ... - ... . 104¾-105¼ 105¼-105½ . ... - ••• . .•.• - ........ - •... . ... - •••. 106¾-106½ .... - ... . Or. Ry. & Nav. l1tt .. ti .. - .. . 110 -110 .... - ... no -110 .. .. - . .. . . . - . . . ••• - •.. 110 -110 110 -110 110 -110 .... - .... 111 -111 Or. RR. & N.n.v .• con.4 100½-102¼ 101¾-102 102 -104¼ 103¾-104½ 103¾-104½ 101¾-102½ 101!14-103 102 -103 102 -102~ 102¼-1031¼103 -104:½102 -104~ Or. Short Line, lst .. 6 126¾-180 127 -127½ 127½-128 127\14-129 L28 -120½ 127¼-128½ 128:14-128\14 125\14-126¼ 127 -127¼ 127¾-127½127¾-128 129 -130 Or. s. Llne,lst, cons.a 110¼-118 112 -11534 118 -il5 111¾-115 114 -115 113¾-114¾ 111 -112 112J,t-112¼112;.f-114 112 -lH¼ 114 -116 116 -11~ Non~cum.,inc." ," .a - ... . .... ........ .... - ... . .... - .... 106 -106 ..•• - •.. . •••• - . . . ••• - •.. . . .. . - .• •..... - ... 106 -106 Utah & No .. 1926.. . . 5 .... - . . . . .. - . . .... - ... .. ... - ... . .... - ... . .... - .... .... - ........ - ... .. . . . - .... 102½-102½ .... - •. . •••• - ... . Va. ll1id.-See Southern. Wabashlst, gold, 1939 ........ 5 113 -115¾ 115½-117% llfl¾-117¼ 117¼-118¼ 114¼-116 113¼-115½ 115½-116¾ ll6½-117½il7 -118½ 117 -118¼ 115¼-116¾ 116 -118 2d mort., gold, 1939.:i 99 -103 98¼-100 98¼-100!13 1003,.(-104 102 -108½ 100 -102¼ 101 -104 101 -101½ 100¼-102½ 101 -103¾ 102 -105 105 -1< ~ Deb. inc., 1939, A .... 6 88 - 85 83 - 88½ 83 - 86½ 86¼- 94¼ • ••• 92¼- 92¼ •.•• - . . . ••• - .. . 8S - 88 88 - 90 88 - 89 90 - 99½ Deb. Inc., 1939, B . ... ti 84¼- 38¼ 36½- 38¼ 36¼- 41 40¼- 43¼ 36¾- 41 30 - 88¼ 31½- 88\.fi 32¼- 84 29:14- 33¾ 32¼- 85 32'¼- 37¾ 37¾- 48M D.&Ch.Ext.1940 .. 5110 -110 lQS¼-109¾108 -109 108½-110 111 -112 .... - ••. . 110 -110 109\14-109¾110½-110¾109 -110 109 -110½ 110~-llZU Des M. Div., 1939 . .. 4 91¼- 98 .••• - ....... - ... . 91 - 93¾ . ... - ... . •• - ••. .. . . . - ... . . ... - ........ - •. .. . . •• - .... !l6 - 96 96 - 96 St. L. K. C. & No.St. C. B'ge ,lst ,'0S.6 .... - ........ - ... . 118 -118 ..•• - ••.. Hl9¼-lll . . •• - ••. . . ..• - ••.. · .•. - •••.••• - •••..••. - .. . .... - ... . .... - ..•• ; Weet. N. Y. & Pa.- 1st...... .... . .. . .. . .. 5 no -115 115 -115¾ 118 -114¾ 114 -120 ns -119 118¾-119\14 116½-118¼ 118½-119~ 120 -123 120 -122 12~-122½ 121:14-1im 68¾- 76¾ 75¼- 77¼ 70 - 76¾ 73½ - 91½ 86¾- 89 88¼- 92¾ 91½- 95¼ 93¾- 94¾ 92¾- 94 91¾- 92% 91¾- 95¾ 94 - 95~ 22¼- 25¾ 27¾- 30½ 25¾- 29 27 - 29% 29½- 29¾ 32½- 85 32¼- 32¾ .... - .... 32¾- 82¼ .... - ........ - .. .. .... - .. .. Gen'I, 1943, gold .3.4 Incomes 1943 . ... . .. . 5 Wheel.& LalrnErie1st ...... . .. ............... 5 Wh.Div.,lst, ar.,'28 .i> Ext. & impt., 1930 .. ~ 1st con., 1949 ........ 4 Wisconsin Cent'I Co.5U-yr. 1st, ir., 1949 .4 107 -107 .. . - ••.. ... . - . •• · . . . • ••· . 88 - 91 ... 99%...• .••• - ........ 997,11 . .•. •••. . .•• , ....... 89¾- 92 - • •• . •.. •• .. •••. . •. 104 .... . .. - •... -104 - . .. - • •. . 110 l05 . .. ..• -110¾ 109 -110 -105 . . . . - .... - •.. 100 -100 - • •. . SS¾- 89¼ 108¼-108¼ 108¼-114 111%-118 111 102 -103 104 -108¼109 -110 108 98½- 99 101 -106 107 -108 •.•• 88 - 89¾ 87 - 88 84¾- 851'4 Si 8~- 93¼ 91¼- 98¼ 90 - 91¾ 89¼- 91½ 87 - 88¼ 87¼- 89 STREET RAILWAY. 8l'Ooklyn Rap.Trans.~ 103¼-106 l~-106½ 105ll;(-106½ 104 -106½ B'klyn City,1st, con.5 . ... - ... . .. . . . ... . .. . ..•• - •.. . B.Q.C. & e., con. aru.5 l0l -108 103~103½ 104 -104 . . .. - ... . B'klyn Un. El.,ht.4-5 92½· 97 98¼- 96 92 - 95~ 94¼- 96¼ 104 . .. 100 93 -106½ - . .. . -102 - 9i½ 82 - -115 114¼-115 11~-116 -108 109 -110 112½·114)f - .••••••• - .••. . .. . - •••• - 88 88 - 90¾ 89n- 91 88¾ 83 - 879,j 84½- 87'7,1i 85½- 00U 102¼-106 101¾-104½ 10,%-104 102½-103 100 .... - . .. . - ... . .... - ... . .... - . . .. .. •. 99¼-100 ~ - 99½ 98 - 99¾ 99 - 90¼ 96 92¼- 95¼ 92¾- 95 92 - 92¾ 91 - 92¾ 91 -105¾ 104 -107¾106 -108 - . . . ... . - ... . 113 -115 -100 .... - .... 99 -1013' - 95 94¾- 97 96½-100 Kings Co. Elev., ll!lt,4 .. .. - ... .. ... - . ... .... - ........ - ... . .... - ........ - ... . •··· - ....... . - .... .. . . - .... .. . . - ... . 83¾- 85 84¼- 00 Den. Con. Tr.,18t,•3a Q llletropol. Street Ry.General ..... . ... . . ... . 5 B'y & '7th Av,,1943.:5 ReirlBtered... . . . . :i Col. & 9th Av., lst .. 5 Lex. Av . .& Pav. F . . ~ lUet. W. S. El. (Cb.) .. .4 St. P. C. Cable-Cou ... 5 Third Avenue (N. Y.)lst, 193'7 .. ........... .. . ~ 1st, con., 110., 2000 4 GAS AND ELECTRIC. Brooklyn U. Gn.1!1-ht ii Det. City Gas-19~3 .. 5 Ed'n El.111.,R'ln-lst.4 F.q.G.-L,Co., N. Y .' 32.!) Gas & Elec., Berg Co.5 General ElectrlcDeben., 11 old, 1922 .. ~ Gr. Rap. Gas• L.-lBt.~ Lac. Gas, St.L.-l8t,ir.:i N. Y. EI. Lt. H. & P.ht ...... . . ................. ~ Pur. mon. col. tr., a-.4 Edie. EI. Ill., lst,'19.5 1st, con., 1995, g ... 5 People's' G.L. &· Coke- .... - ........ - ••• . .••• - ••• . .... - •... 95 - 97¾ .••• - ••. . •••• - ........ - •••.•••• - •••• . ••• - ••• ..• . - •••• 118¾-1203-9 117¾-118 118¾-120 119 -121 118 -119!1,f 118¾-119~ 11834-119¼ 118 -11~ 118¼-120 116¼-117¾ 117¾-118 1173,ji-119 118½-119¼ 119¾-12~ 121¼-121¾ 120 -122½ 122¼ 123¾ 121 -122½ 12()¼-120½ 120 -121 120¼-12G¼ l20 -122 122 -122 122 -128 .... - ........ - .... . . .. - . . . . . . - .... . .. - ... . .... - ... . . . .. - ... . .... - ........ - . . . . .. - ........ - .... 119¼-119¼ 128 -128 123 -123 122 -122 123 -124 .. - .... 12H,(-124¾ 124¾-125 •••• - ... . . - •. 122¼-124 123 -128 128 -12~ 122 -122 . ..• - .. .. 122 -122 124: -124 I 23¼-123¼ 124¾-124l)..t 124\14-125 125¼-125½ 122¼-122½ lll2 -122 1223,.(-100 123 -123 95¾- 97½ 95¾- 96¾ 95¾- 96~ 9'1 - 98 97¾- 98 97¼- 98½ ~ - ~ 97 - {17% 97¼- 98¼ 98 - 98¼ 98¾- 99 98¼- 99 ... - .... 112 -112 111 -ill½ . .• - ••• . 113½-113½ .... - •.. 115 -115 112 -118~ ..•• •••• - ... . 115 -115 118¼-1U3' 123¼-125 117¾-128½ 117¼-125 128 -125¼ 124 -124 124: -125 .••• • ·•· · 122½-122½122½-122Ul23 -123 12<l¾-12il\:!123¾-127 .... - . . ...... - ........ - .......• - ... . ... - . ... . .. - .. . . ..• - .. . . ... - ....... - ....... - .. . . .... - .... 106¾-107 114' -117 95 - 97 116 -il6¼ 117 -118 95 - 97¾ 95 -10,0 116 -117 114 -115 114 ~115½ 115 -115 115 -116 97 - 99¾ 95½- 97¾ 95~ 99 94¼- 96½ 94 - 96 ,15%-116 - 94 ! 9! 115¾-ilf¼113½-115½115¼-116J« 98 - 94 93¼- 96 97¼- ll9 . .. - .... .... - ... . .... - ... . .... - ........ - ........ - ........ - .. . .... - ........ - ... . .... - ........ - .... 9~- 9d¾ . ... - .... . . .. - . . . . . . . . - . . . . . . . . - . .. . . . . . -· . . . . ... - . . . 115¼-116¾ 118¼-118½.... - . . . . . • . . - . . . .. .~ - .... ... - ........ - ........ - ... . 103½-ll~ 106½-109¼ 108½-104¼ - ••.. 103 -103 .... - ... 102¼-102¼102¾·102¼ .••• - •••• 118 -118 117 -il7 115 -115 ilS¼-120½ 120 -120 •• • •.. . 115¾-115¾ 116 -116; vl18 -119 117 -120 125 -143½ 188 -166 .... - . . . . ... - ........ - ........ - ... . .... - ... . . . - ... .. ... .. .. - ....... . - ... .. .. . - . . .. 107¾-lO'lM 108 -110 107¼-109 107¾-109 108¼-109½ 107½-108½ 1oe -109 106¾-lll 106¼-107 107 -107¾ 107¼-108¼ 107 -107¾ 107 -108~ 103½-107 104 -110 108¼-1~ 108¼-109½ 106¾-109¾ 105 -107 91 - 94¾ 92¾- 94¼ 92¼- 98½ 92¾- 93!14 91 - 94 91¼- 93¾ 108 -ilO 110 -110 108 -109 .••• - .•.• 108¼-108½ 109 -109¾ .... - ... . ... - ........ - ........ - .... 120 -120 120 -120 -~:~•alruUa~:·ll~~~:04:.:: ·::: : .:: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •••..•• • - i04¾=1M~ ios =l()i¼ io.5¼=100. :::: = :.:: i<>4 :1°'~ 106 -l0i¼ 91 - 93 108½-108½ il7!';f-118¾ 107 91 ..•. ...• !~:!~~¾ ;_;~~lM .. i<>4 :107 .. :::· : :: : · :::: = :::.li02½:10i.. -108 106 · 108l,4106½-1C8 108 -ill 108 -1~ - 92¾ 91½; 93¾ 92¾- 93½ 92!1,t- 95 93¼- OOH - •... 106¼-106!,( 107 -107 107¼-108 109 -l.OOJ6 - ........ - •••.•••• - . •• . 120 -120 •••. - ... . I \ RAILROAD .AND MISCELLANEOUS BO DS. 92 1900-C:oncluded. JANUARY FEBR'RY. BONDS --- MAROH. APRIL. JUNE. JULY. AUGUST. 8EPT'BER.0CTOBER. NOV'BER. DEO'BER. ---- ---- ---- -MAY. - - - - - - - - - ---- - - - - - - - - - Low. High Low .High Low .High Low .High Low .High Low .High Low. High Low. High Low .High Low. High Low .High Low.High Peop·11 G.-L.&C.-(Oon..) 1st, con., g., 1943 .... 6 Ch. G.-L. & C., lst .. 5 Con. Gas, 1st, 1936.5 Equit. Gas & F .. lst.6 Mutual Fuel Gas .. . 5 Trenton Gas & EJ.lst.:) West.Gas, col.tr,,'33.5 MISCELLANEOUS. Ad~ms Express-Coll 4 B'klyn Fer., 1st, cons.5 B'kln W.&W.H.-1st.a Ch. Jc. & U. St'k Yds.5 Det. M. & lU . L . G ... 3¾ SpringVal,W,W,, lst.6 1,T.S.Mort.& Tr., Ser.G - 122 -122 128 -128½ 108 -10~ 107¼-108¾ 108 -109 .. .. 109 -109 .... . . 128 -127 107¾-108 .. . . ... . .. .. ... . ... 121¾-122½ 108¼-10~ 108 -108 103 -108 .. .. .... - . . . 108¼-109¾ . .. . - . . . .... 105 -105 120¾-120½ 120¾-120¾ .... - •••• 116 -117 11'™-118 118¾-118¼ .. .. f1.09 -1091,-( 109 -109½ 107 -107 .... 108 -108 • • • • - .... 106 -106¾ 105 -105 103 -105 - . •. . 102 -102 107 -107 105 -105 .. .. 105¼-105½ . ... - 102¾-104¾ 104,4-105 .... 70 - 75 .... 19 - 21 . .. . .. .. 70¼- 77 - .... 22 - 80¾ - ... . 102 -104 103 -104¼ 102½-108½ 102¾-104 108 -104 86¼- 87¾ - .... 70¼- 73¾ 71 - 71 71¾- 75 76 - 8!i 75 - 75 . . .. - .... 111 -lll - . .. . ~ - 39 33 - 40 26 - 82 21 - 84¾ 29 - 81¾ - . . . 113¾-113¼ 100 -100 104 -105 102¾-103¾ 108 -103!1,! 103¾-104¼ 104 -105 81¾- 81:k( &i¼- 84¼... . - . . . . &i¾- 85¼ 85 - 88~ 75 - 78 70 - 75 68 - 70 68 - 71\ 70 - 72¼ 110 -110 .. . . - .. . . .. .. - ... ,. . . . 29 - 81¼ 26 - 31¾ 27¾- 81¼ 29~- 32 1 28¾· ao¼ .... - .... 113¼-113¼ - ........ ....... . TELEGRAPH AND TELEPHONE. - .. . . .. .. - .... 101 -101 .. .. 101¾-101¾ .... Comm•i Cnble-lst.... . 4 .... - . . ..... - .... 103¾ ·103¾ .... 100¼-100¾·--· Registered....... . .. 4 ... . W. Union Telegt•apb18,.6-1900 .......... ,- 101¾-101¾ 102¾-102¾1- .. Registered ........... 1 101 -101 . .. . 1021}(-102¾ .. .. Col. tr:, cur,, 1938.. . .; 111)4-112¾ 112 -113¾ 112 -118 118 -114½ 113 -113¼ 112 -113¾ 108¼-109¾ 110¾-110½ 109 -110711109¼-lll¾ 111 -lU 113!14.-116 109 -109 ; ... - .... . ... - . .. . .... - . . 110½-110½ . ... - .... . ... - .... 112¾-112iJ9 Mutual Union, 8, t ... 6 . ... 112 -112 - ... . 105¼-105~ 105¾-106¾ 106¼-106!':f 106¾-106½ 106¾-107 104¾-105¼105,4-106 Fund . & It. E., '50.4¾ MANUFACTURING AND INDUSTRIAL, Am. Cot. Oil-Deb., g .. S 103 -108% 100¾-102½, 1027/ti-108¼ 103¼-104 102 -102¾ 102¾-102¾ 102¾-103 1007,i-101¼ ... . - .... 101¾;102 .... - .. .. .... - .. . . - .... 100 -100¾ 100½-100½ 98%-100 99¾ 100 Extended 1915 .... 4~ .. .. - . . . 68 - 67 66 - 70 69 - 71¾ 71 - 82 Am. Spil'its Mfg,-lst.ti 85 - 85 82 - 8'1 80 - 80 68 - 75 72 - 72 68 - 65 65 - 69 - ... . .... - ....... Barney & S, Car-1st.ti 105 -105 - ........ · ....... Inte1•n'I Paper-lst .... ti .... 106 -106 L07 -107¾ 106 -107½ 105 -106 105¼-106 105¾-106 105 -105½ 102¼-105¼ 108½-106¼ 106)4-109 107 -108¼ -98 .... ... . .... - ........ - ...... .. Knick. Ice (Chic.) ..... 5 95 - 95 92 - 92 93 - 95 . 87¾- 87½ . .•. - .... 98 - .... 105¾-106 106 -107 104: -1~ 105 -107 Nat'l Sta1•cb-l8t ..... . 6 .... - .... 105 -105 105 -lOb 106%-108 104¾-10'1¾ .... 71 - 73 67 - 69 67 - 67¾ 66¾- 69 68¾- 73 70 - 72 Stan. Rope & T.-lst .. ti 80 - 84 78 - 80 68 - 77 71 - 75 70 - 71 68 - 71 10¾- 15¾ 11 - 12¾ Incomes, arold, 1946,:) 20 - 2'1 19 - 22 11 - 19 14 - 16 11¾- 13 10 - 11¾ 10 - 11¼ 9¾- 12¼ 8 - 11¼ 9 - 11 -113¾ -114 118 -114 118 -114 118 -114: 113!14-115 112¾-118 112 1J.S.Leather-Deb,s,f.6115¾-115½ 115 -115¾ 116 -116½ .... · - . . 113 -113½ 118 COAL AND IRON. - .. . . .. .. - .... 102¾-102¾ 102%-102% Col.C.& I.-lst,190:l.6 102¾-103¾ 100)4-100¾ 100½-101 101 -101¾ 102 -102 1023-9-103½ .... - •.•. 101 -101 - ........ - .... 55-55 Col. Con.I & I. Devel. .5 . . . . 58 - 68 .... - ... . .... - .. . . ... - ... .. .. - .... 108¾-lOSl¼ 102¼-104 Col. Fnel-1919, a ...... 6 103 -103 - .... .... - ...... .. 90¼- 92¾ 92¼- 92½ 91½- 9'1½ 93¼- 97 96¾- 98 Col. F. & 1.-Gen,, s.f.~ 94: - 95¾ \11¼- 93 90 - 95 93 - 9'1 91 - 91 90¼- 93 90 - 93 Pleas, Val. Coal, lst .. a .... - ........ - ........ - .. . .. .. - ....... , - .... 105 -105 . . .. - ... Tenn.Con.I Iron & Ry,Tenn. Dtvlslon . .... . 6 . ... - .... 106 -110¾ 108 -112 106 -106 104¾-10'1¾ 102¾-106 102 -104.½ 104¾-105 105,s-107 103½-105 .... - .. . . 106 -106 Blrm. Div .• 1st, con.6107 -109¼ 108 -110 109 -110 109 -110 109 -109¾ 105 -108 103 -106 ... - .... 105 -106½103¼ ·105½108¼-110 110 -112¾ Cababa Coal-1st ... 6 .. .. - .... 105 -105 De Bard.C.& J.-Gu.6 106 -10~ lOti -107 106 -106~ 106¾-106¾ 104 -105¾ 104' -104 108%-104 101 -101 .• . . - .... 98 -101 101 -1~~,~~~ -105 W.• .E.& P.C :oal-lst.a 32 - ;J2 •. .... .... 1901. JANUARY lfEBR'RY. MARCH. APRIL. MAY. JUNE. AUGUST. SEPT'BER. OCTOBER. iliov'BER DEO'BER. JULT. ---- - - - - - - - - - - - - - - - - - - - - - - --- - - - - - --- - ---- ---- - - - ----- ---- ---- BONDS . Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low .High Low.High Low.High Low.High Ala. Mtd,-SeeS .F,&W. 98 - 99 95 - 98!¾ 96 - 98½ 96½- 97½ 96 - 97¼ 96¼- 97 Ann Arbor-] st,' 95,ar.4 95 - 96½ 96 - 98)/4 97¾- 101 96 - 96¾ 96¼- 97 96 - 97 Atcb. Top. & S. Fe.General, gold, 1995,4 102¼-103:¾ 1027,i-103~ 103¾-104¾ 101%-103 101%-103½ 103¾-104:½ 103 -105 108 -104 103¾-105¼ 102¼-lCS¾ 102¾-108'A 102¾-lrn% 102 -102¾ . ... Registered . .......... 4 102;14-102¾ 102 -102 .. .. 103¾-104 103 -103 103 -108~ ... 101¾-102¾ lt,2 -103 . . .. . Adiustm't, a ,, 199~. 4 86¾- 91J.{ 91¼- 98¾ 91¾- 95½ 95 - 96¼ 93¼- 96¼ 95 - 99 94 - 99 96 - 97¾ 96 - 97¾ 97 - 98 93 - 94 93¼- 95 Registered .. .. ....... 4 - ... ... .. .. - .. . .... - . .. 94 - 95 . ... .. .. ... - .. . . ... - .. .. . - . .. .... - .. . ... 92 - IJ2 Stamped, guar ...... 4 90 - 90 92¾- 92~ 91¾- 95¾ 95¾- 96¼ 92 - 94 93 94 - 95 94 - 95¼ 94¾- 95¾ 93 - 93~ 93¼- 9!l¾ 93¾- 97 .... - .. . . - .... ... - .. . 108 -108 .... Atl. Knox.& No.-] ■t.~ .... 108 -1{9 .... - ... . .... - ·•·· . ... - .... . . ... Boltlmore & Ohio96 - 971}.! 95¼- 96¾ 95 - 95% 94½- 9~ 94¾- 97 Pr. lien, ll•• 192~ ... 3 ½ 95 - 96'½ 96¼- 97½ 96¼- 97~ 96 - 97¼ 95~- 97 96¼- 97 96¼- 97 Reaistered ..... .... 3>1 .... - ... . .. - ... 95¼- 95½ .. .. - ... . ... - .... 95 - 95 . ... - . .. 97 - r,7 - .. . . .. - ... .... Gold, 1948 ........... .4 101¼-103 102'4-103¾ 108 -105 101¼-102;14 99 -102~ 102:J,.f-104 102½-104 102¾·104¾ 108 -104 101%-102¾ 102½-104 102,s-10'1 Reiristered ........... 4 102 -102 ... ... 102 -104 .... 101½-102 101¼-101½ 101¼-101¼ 101~.(-102 100¼-108 100¼-102¾ . ... . ... Oonv. deben,, 1911 ... 4 - ... .. .. .... 102 -108¾ 101¾-107½ 100¾-110 106½-109¾ 102¾-107½ 104½-107;!:! 108¾-lO'i¼ 104¾-lO ~ 105 -109¾ l03¼-10i¼ Pitts.Jc.& ill. Div.3¼ 89 - 90 89¼- 9()J.1 89¾- 91.l,( 90 - 90 87¾- 88~ 88¼- 89h 88 - 89 88½- SB½ 89¾- 89¼ 89 - 89;l.! 90 - 90~ 89¼- PO¾ S. W. Div., 1st, g .. 3 ½ 68¾- 90¾ 89 -~ 89¼- 91~ 89¾- 90% 8~ - 90½ ~O¼- 92 88¾- 90 89 - 90¾ 88:)4- 90 88¾-90 89½- 9H, 90½- 92¾ .. ... . .... . .. .. .. .... -- ·· ... .... ... .. .. ... Registered. ... . ... 3 ½ .. .. - ·•· ... - .... .. .. ..... .... - .. . .. .. - . ... ... . C. O. Reorll .. lst ... 4½ .... - ... ... ... . ... - ... . .. - ... .... ... . . ... - ·•· · •• l ~ -112 .... .... .... . Buff. Roch. & Plttsb,General . ... .. ....... . ... :, 115 -116,t ll6M-117 117¼-117½ 118 -118 118 -118~ 118 -11~ . ... 117½-117~ 118 -11~ 117%-11~ 118 -118 .... .... - ... . R. & P., tst, 1921 ... 6 130 -180 lS0~-130~ ... .. . 130 -181 . - .... .... . .. . . .. , - .. . . ... ... 127 - 127 130 -130 ... . .. .. 129 -129 Consol., lst .... .... .. tl .... - ... ... - ... ... - ... . ... . 128 -128 129 -129 127¾-127¾ Burl. Ced. flap. & No.1st............... . ..... ... ii 1~107 108¾-107½ 107¼-lO'i¾ 10'™-108¼ 107 -108 10'1¾-104~. 103¾-105 105}8-105¾ 105,½-105¾ 105½-106 106}4-106½ 104 -10!1¼ Consol.1st & col. tr.5 119½-11~ 123 -128 127½-127½ 122¾-124¼ 128 -12'1 128 -124 ... . - ... 122¾-123½ 122_½-122½ .... - . ... 123¼-124 123¾-1231 Can. South'n-lst, ,zn.5 106¾-107¼ 107 -107¾ 107 -1071,, 107¾-10~ 107¼-108 107¾-109 105½-106~ 106 -106½ lOtl -106½ 106¾-107¼ 107 -107~ 107¼-107% ~d mortiraare ......... .. 6 109:1:(-111 110,s-111 107¾-109>~ l07U 108% 107½-l~ 108¼-110½ 109½-110 109 -110 l07 -107½ 107¾-lOff¼ 109 -109¾ 108%110¾ Registered ....... .. :, .... - .... .. . - . .. l06¾-1Q6¾ .. .. - .... 107 -107 ... . - .... . ... - . .. . .... .... 95 - 95 9'1 - Iii 92~- 9'1 O. B. U. Pac.-lst, ,r ... 4 92 - 9i¾ 9'1 - 94 93 - 93¾ - ... 91 - 91 .. .. - · •• · .... ... . 92 - 92½ 92 - 114 Cent. RR. & B,, Go. .. ~ 96 - 119½ 9::l - 98½ 99¼-102 102¾-103½ 99 -lOlx 99¾-lOlh 101¾-102 101 -\03 102½-102½ ... 103 -108 119 -120 120¾-120½ .... - ... . ... - ... Cent. of Georarin.-lst.~ .... .. ... - ... - . .. . .... - ... ... - . . 122 -1:lt . Consol., 194 5, gold .. .; 97)4-103¾ 101 -103:J:'i 103 -107~ 106¾-108 101 -105 103¼-108¾ 105½-108 106 -107l¾ 105½-1073{ 106¾-108 104~-107½ 105 -107 . .. - ... . ... - . ... ... - . .. .... - ... . .. ll e"ist~red ... .. ..... . :, .... . . . ... - ..... .... ... 105½-105½ ... .. .. ... .... - . Chatt. Div., 1951. .. . 4 .... ... ... ... - .. .. .... . .. . . ... .. . . .. . - ... ·· •· - . .. . .... - .... - ·• ·· 91¾- 92 ... - .... :, 60 - 65 68 - 72 70¾- 78¾ 68½- 71 67 - 70 70 - 83 77 - 79:k, 78 - 84x 80 - 82 70 - 74 70 - 77¼ 75 - 77¾ 1st pref, income .. 2d pref. incom e. .. . .. :i 20 - 25½ 27 - 84¾ 80½;- 36¼ 28 - 31½ 26 - 29)4 28 - 85 29 - 32 29 - 82'":-il 29 - 32¾ 26 - 29 ~7 - 35 32 - 84¾ 3d pref, l ncilme .... ... /> 8 - 10½ 11 - 17~ 14 - 19½ 18¾- 16 14 - 15¼ 15 - 21 15¾- 18¼ 16 - 20 19¾- 19½ 15 - 16.x 15 - 20½ 18½ · 20¾ Mobile uiv., lt1t ...... :, ,. - ... .... - .. .. . - .... .... - ... . . ... .... - ... l f6¾-105¾ - ... . ... - -·· · .... - ·•· · .... - .... .... Cent. of New Jerseylet cons., 1902........ 1 .... - .... .. .. - . .. 106%-108 108 -108 ... - ... .... - . ... 1041¼-104~ .... .. . .. - . .. 102¼-102tt . . ... . ·•• · Gen. mort., 1981' .... :, 127 -128~ 128¼-131¾ 132%-137¼ 182 -184 132 -134 132!,(-138 129 -130 129¼-130 129¼-130!4 130)4-131 131 -131~ 181~ 184 Registered ........... :, 127 -127½ 12'7½-130~~ 131 -137 131 -132¾ 131 -131½ 130)4-131¾ 120½-130 ... - . .. . 129 -129¾ 129 -130 129¼-131 ·• · Am.Dock& Imp ...... :, 113 -118~ .... ... 114½-115 114,s-114J{ 114%-lH~ 116 -11~ 112 -1131-\ .... - . .. . 113¾-113~ 114 -114~ .... .... ll~~-116 .... 106 -106 . .. L. & W ., mort.. '12 .. ~ .... - .. ... . - ... .... - .. . 106 -106 . . .. . 107 -107 1103)4-103.x .... - .... f'nn. ext .. '10, sr11.4~ 10:l - 103¾ 108~-104 102¼-102¾ 102¾-103 102l}.{-108¼ 102 -1031,(. 103t..:-105½ 104¾-105 108¼-104¾ 103 -104¾ 104 -104¼ 102~-104 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ... ... ... - - - ... - - ~.. .. - - .. - .... - .. - .. ... - ... ... - - - - - - ... - ... - . .. ... - ... ... - ... . - .... ... - ... -. .... - .... - . -. -. - ... - .... ... . - .. . .... .... .... ... - .... ... .... - . -. -. - ... . .. - .... - . .. - - .. ... - .- .... - - . - .. - - 93 RAILROAD BONDS. 1901-Continoed. , JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST SEPT'B~'R.1 ~~ I NOV'BER. DEC'B~. BONDS. Low.Hlirh Low.High Low.High Low.Hiirh Low.High Low.High Low.Hlgb Low.HigbLow.H~bLow.HighLow.HigbLow.Hlab - -~P••------1---·----••- ---•----•- - - - - - - - - - - - ----- Cent. Pac.-SeeSo.P.Co. Chesapeake & OhioeerlesA, gold, 190S.ti 115½-116¾ .... - .... 116¾-116¾ 114½-117 .. .. - .... 113¼-113½ 113½-113½ 114 -114 ..• , - ... . 114 -lU 113 -113 .... - •.. Mortllaa-e. 1911 .. .... . 6 118¼-118¼ 119 -119 119 -119 116½-116!!,f 115¼-116½ 117 -117 116½-117½ .... - ..•.. . •• - ... . 115 -116 tL6 -116 116¼-116¼ lilt, con., ll•• 1939 ... . ~ 120¼·121 120¾-122 120¾-122 121 -122 119¾-1207!\ 119½-121 119" -121¼ 120 -122 120½-121½ 121 -122 ll9¾-120 119¼-120¾ Reg18tered ........... l) .. . - .... 120½-120l1? .. .. - ... 121 -121 ..•• - ... .... - ....•.• - ••.. - . ... - ....... - •· Gene1·al, 1992 . .... .4½ lOi -106½ 106 -107½ 101%-108½ 105¾-108 104¾-106½ 107 -108¾ 106¼-108½ 107 -108 104 -106% 106 -108¼ !07 -107¾ 106 -107¾ Registered ... . ..... 4¼ .. - . . . .. . . - . . . . . . . . - .... 103 -103 . . . . - . . . . .. . . - .. . . . . - . . . . • • • • - • . . .. . .. .. . . - .. . .. • • - . . .. . . . . .. R.&A.D.J.stcon.'89 4 104¾-106 106 -106 106 -106½ 106¼-107½ 105 -105 106 -107 104¾-104¾ 103½-104½ 103 -103 103 -104 tO!i¼-105¼ lO!i½-106 !ld consol .• 1989.... 4 100 -103 tOO -101½ .. .. - • . . . .. - . . . .. . - .. .. 102½-102½ 99 - 99 99½- 99½ 99 -101½ .... - . . .. . .. - ... . 101½-101½ Eliz. Lex. & B. s .. .. :; 102½-102½ ..•. - .• . 100%-101 100%-101½ 101¼-101¼ 101½-101½ 101½-101% 102 -102¼ 100 -100¼ 100¼-100¾ 100¾-101¼ 101¼-101½ Chicago & AltonSI n kl ng fund, 1903,.6 105¾-105!14 - . . . . . . . - . . . . .. - .. . . .... - .. 103½-103½ .... - ........ - •.. . .... - •.. .. ... - . .. 102¾ 102¾ 102¼-102½ Refunding, 1949 .... 3 93 - 94, 92½- 92½ 93¼- 93¾ 90 - 90 91½- 91½ 92½- 92½ 90 - 90 88 - 89 87½ 88 86 - 88 87 - 87½ 87¼- 88 U. S. 'l'r. 06. ct:18 .. . 3 91¼- 93 92½- 93 92 - 92¾ 91½- 92¼ 91~ 92¼ 92¾- 93¾ . . . . - . . . . . . . . .. - . . . . . . • • - . . . . .. - • . . . . . . . - . .. Railway, 19150 . ... 3!1! 83½- 85 84¼- 86 84~ 85½ 84¼- 86¼ 84¼- 86 86 - 87½ 84 - 85½ 84 - 85 84 - 85 184½- 85'4 84'¼- 86½ S5¾- 86½ Chic. Hurl. & QulncyCon ■ ol. . .... .......... ... , 108¼-108½ 109 -109¼ 10? -109¾ 109¾-109½ 109,it-109¾ 109;14-109% 106¾-106¾ 106~107~106¾-106¼106%-107¾107½-108¼108 -10~ Sink. fund, 1901 ..... ~ 101½-101½ .... 102½-102¾ 100¼-100½ . .. . .. . . ... .. .. 102 -102 ... - ... . ...• - .... . ... - ... ...• - •.. DenTer Dh., 192~ .. 4 102½-102½ 102 -102 102 -102 102 -102¼ 102~-102½ 101¼-101~ 1021..( 102¼ - •. . . u,1 -101¼101 -101¾• •·· - ... . ... - •. . Illinoi• Div ., 1949.3½ 103~-104,J.8 103½-103¼ 103¾-lOi 103¼-103¾ 103 -103½ 103¾-104 ll.Jl:!4-108 102¼-102¾102¾-103 102¾-102% 1027,..fr-lOi lOi -104¼ IowaDlv., sink.fd ... /5 .... - ...... - ..... .. - ... 114 -114 ... - ....... - ... .. - ... . ll5¼-l15¼ .... - ... . ... ... - .. . 1919 .... .. . .. .. . . 4 . . . - . . . 10531!-106 107 -107 104½-10!¼ 105 -105 1()5 -105 105¼-105¼ .... - . ....... - .. .. 103%-103¾ 103¾-10391! 104¼-10!¾ Nebr'11ka Ext.,1927.4 112 -112¾ 112½-112½ 112½-112¾ 112½-113 110¼-110¾ 110¾-111 110½-111 .... - ... . 110 -111¾111)4-112 110 -110¾ tll -111 Registered . . .. ..... 4 - ........ - . .. . . . . - . . . 112¾-112¾ . .. - . . .. .... - • . . . - .... 109½-109½ . . . - • . . . . .. - . ... . ... . . . - .. 8. W. Div., 19~1 . . .. .4 .. . . - .... .. .. - .... .. . . .... .... - . . 100¾-100¾ . . . - . . . . . .. - . ...... - ... . .. - ....... - ... . ... - ... Couve1·tible, 1903 ... ~ 142¾-145 141¼-146¼ 150 -174¾ 183½ -196¼ 194 -191 . ... - .. . 19!¾-19!½ .... - ... . .. - ... . .. - .. . . .. - ... . .. . . - .. . Debenture, 1913 ..... ~ 110 -111¼ lll¼-111½ 111 -112 111½-112¾ 109 109¼ 110 -111½ 108%-109½ 109~2-109¼110 -110 110½-111 108 -109 108¾-108!'-( Han. & St. J ., cons .. 6 122¼-122¼ 123¼-123¼ 121 -121 121 -121 121¼-121¼ 121 -121 .... - .. ...... - • . . . . .• - ••.. 120 • 120 120¾-120~ 121¼-121¼ Chic. & East. Jlllnoislst, slnkin,if'und ..... 6 ... . . 113 -113¼ 113~-113½ 118½-114¼ 115 -115 ... • ... 117 -117 112 -112 112¾-112¾ . ... - ... . 114 -114 111¼-lll¾ 1st consol., llOld ....... ti 135¼-135¼ 137½ 137½ 138½-140 138¼-138¼ - . .. . 137 -137 .... - .... 137~~-137½ .... - .. . 135 -136½ 137¼-137¾138½-138½ Geu. cons. 1st, 193'7.~ 115 -117~ 118½-124½ l24~-12f3¼ t23½-127 122¾-123 123 -123¼ 128 -123 122)4-123 122¼-122¾ 122¼-124½ 121 -122¾ 122 -128 Cb.& In. C'I Ry-lst.:i 112¾-113½ 116 -116 119 -125 123½-125 123 -123 .••• - .. . . 120 -120 119¼-119!,i, . .. - ••.. 120½-120½ 121½-121½ 122½ 122¼ Chic. Ind. & Louisv.Reiundln,i, 1947 ..... ti 115 -118 118 -120¼ 119 -123¼ 123),4-124 124 -124 125 -126¾ 122 -122 121½-124 ... - .. . 121¼-124 124 -124½128 -128 ReJundlng, 194'7 .... . :; 106%-108~~ 106%-108½ no -110½ 110 -111 110 -113¾ 114½-l14x, 110 -110 109 -111½ ... - .. .. U3 -113X . . . - .... 112%; 116;14 ... - . . . . ... - • .. . ... - ........ - .... ll4 -114 115½-115¾ 115%-115% 116 -llt% Lou. N. A. & C., lst.6 113 -la 114½-114½ 114½-114!,, t17 -117 Clatc. Mllw. & St. P.ht, a-old, R. D,1902.7 .... - ... 184¼-185 184 -185 192¼-192½ 180 -180 .••• - .. . . .... • ... . .... - ... . ... - ... 189 -189¼ .... - ... ... .. - ••• lstC.&M.Dlv ..... .. '7188½-190 . ... - .... .... - .. .. . . .. .... - ........ - ...... - ........ - ... . 183 -188 ... - ... . .... - .. . Consol., 190:i ......... , 182¼-188 185 -185 184 -186 183¾-194 190 -192 18.'3 -183 180 -180 181 -181 182¼-182¾ 188½-189¼ 187 -187 186 -186 Terminal. ... .......... ~ . ... - ... . 114!14-114¾ ll~-115 114¼-115¼ 115¾-115~ 115¼-115¼ ... - •... lll½-111½ 112¾-113¼ 113 -113½ 114 -114¼ 114 -114 Gen. M.,"A" 1989 ... 4 112¼-114¼ 113¾-ll4¼ 11311!-114½ 113 -113}6 112 -112 lll!J.(-112½ 110 -110½ llQ¾-110¼110 -110¼ 110¼-111 lll¼-112 lll½-112 Chic.&L.Sup.piv.~119¼-119¼ .. - ....... - ... 121 -121 .. . - . .. . .•• - .... 116¼-116½ •• . - •••. .. • - . . . 117¼117¾118¾-118¾ .... - ... Chlc.&Mo • .R.Dlv .. ~122¼-122½ .... - ... . .. . . • ... . 121%-122~ .. - ........ - .. . .. - •... 118 -l19¾Ll9 -119¾119%-119¼121¼-121¼121¼-121¼ Chic. & Pac. Div ...... 6 118 -118 lW -119 118 -118 ll8¼-118¼ 118 -118¾ .. •• - ........ - . .. 110¼-1167!! 116 -116 116 -116¾ . . . .... - .. . Chic. & Pac. W. Div ./5 119¼-120½ 120½-121 120½-122 120),(-121 119½-120 119½-120 116%-117 110¼-117¾ Ll1 -118 117½-118½ 118¾-119¼ 119 -119),g Dakota & Gt. So • ... ~ 115%-115¾ 115¾-116¾ 116 -116¾ ... - ... . 115 -115 .... - ••. . 112¾-112J,,t 1111}.(-112 112%-112~ lH -113 114¾-114~ .••• - •• ht H. & D. Div ....... 1 125"M-125¾ 125!).(-126¾ 126 -126 126¼-126¼ - . . . ... - ... ... .. - ... 120'4-120¾ .••• - •••. 128¾-124¼ .. . - ....... - ••• 1910 ................... :i 110¼-110¼ .... - ... . .... - ••.. . .. . ll~-110½ .... - ... . . ... - ........ - •••• . ••• - ... . .... - . ....... - •.• 109%-1093' 1st I. & D. Exten ..... , 185¼-187¾ .•• .•• - ••• . 188 -188 . ... - ... .. ... - ....... - ....... - •••. . ••• • ••.. 185 -185 . ... • •••..••• - •• 1st La. C. & D., '19.. 1> 117'7~-118¼ - ••...•• - ••.. 118¼-119 ... - . .. 118 -118 ... - ... . . ... - ... . .... - ... . 117¾-117¼ ...• - ... . .. - .. . illlneral Point Dlv ... /5 110¾ 110¾ .. - ........ - •... 110½-110½ 110¼-110½ . ..• - .... 108 -108 .... - ..• . .••• - ••••.... - .... 110¼-llOJ,,t . ... - .. . 18t So. Minn. Div ..... 6 117),g-119 118 -118¾ 118¼-119½ 118~-118¼ 117¼-118¼ .•.• - ... . 114%-116 116 -116 115 -116¾ 115½-117 t17¼-11731! 117¼-117¼ 1st So. West. Div ..... 6 117 -ll7¼ ...• - .... . ... - .... 117¼-117¼ 117 -117½ ..•• - ... . 113 -113 118 -113 . ..• - ••. . 115¾-116 ...• - •••. t16 -116¼ Wls.& Min. Div .. ... . /5 119¾-119~ 1~ -120 .. . - . . . . .•• - ... . 119 -lHI .••• - •••. 116¾-116¾ 116½-ll6½ •• - ... . 117¼-118 118%-118¾ . ... - ••• .ll. & No., 1st, 1910 .6 .... - ... . 119¾-119~ 119 -119 .... - ••.. 118½-118½ .•• - •.. . 116 -116 .... - •••..... - ... . .... - ... . ... - •••.•••• - .. . 1st OD ex• •• 1913 ... 6 .... - ... 121½-121½ 121¼-122 ..• - ... . . . - . . . • •• • ••.. . .•• - •••...•• - ... . ll~-118¾ ... - ... ...• - ... . .... - •.. Ohle. & Northwest'nConsol., 1911>- ........ , 131)¼-139¾ 141 -141 140 -142¼ 142¾-142½ 140 -142 142¼-142½ 141 -142¼ ... . - .... 140 -140 140 -140 . .. - ... 139½-140¾ Gold,coup.,1902 .... , 107¾-107½ ..• - •.. 108 -108 108 -108 107 -107½104½-10!¾ 105 -105 .•. • - ••. . 105),g-105½105½-105½106 -106 102%-103¾ Gold, rell., 190~ ...... 1 107¼-107),2 . •• - .... 107¾-108 108 -lOS .. - ... . . . - . . . 104¾-104¾ ... - ... . ... - .... 106 -106 106 -106 102 -103¼ &xten. bonds, 1926 .. 4 109 -109 .••• • ... . 112 -112 .... - . . . . .. - . •. . 108¼-109 108¾-lO!l¾ .... - ....... - •.. . 108¾-1083,.s L09¼-110¼109 -109 General, 19S'7' ... ... 3½ 109¼-110 - •.. . 109J;(-110½ 110 -110¾ .. . - . .. . ... - .. . . . •••••••...•• - •••. 111 -lll. . .. - ... .. .. . - .. . Slnldnll fund,coup .... ti ... - .... 115 -115 116¾-116¾ ... - ... . 113½-114½ 116 -116 116 -116 . . . - ....... • .... . ... - ... 116 -116 . ... - ••• Slnklnll fund, coup ... :i 108)4-108¾ . .. - ... 110¼-110¼ 108½-109¾ 108½-109 108!1,!,10~ .... - .... 108½-109 . ••• • •••..••• - .... 106¾-107 10~-10~ Registered ......... . I> •.•• - . •• . . •• . . ....... - .. . . - ... 107¾·107~ . . .. .......... - • . ... . .• - ... . . . . . . . . . . . . . - ... .... . - .....•• - .. . Z~ yrs, deben., 1909 .:; 108 -110¼ 110 -110 110¼-110½ ll0¾-110¾ 100 · -109 109 -109 .. .. ~ .... 109 -110 . • .. ~ • • . . . . •• - . . . . • • - .... 108 -108 Re.ristered ........... ~ .... - .... . .. - .... .. .. - . .. . 108¾ 108'Ul ... . - ... . . .. - ....•••• - ••• . . . - ... .~ .. - •••. 108 -108 .. .• - ........ - .. 30-year deb., 1921. .I) 116 -116½ 116 ·116 117 -117 117 -117 . .. - .. .. U7 -117 .... - .... 117¼-117¼ .••• - •••. 114!)4-117¾ .. . - ••• .• •• - • •• Re~lstered... . .. o .... - .. .. .... - .... .. .. - ... .... - ... . .... - .... ... . - ... .... - .... .... - .. .... - ... 111 -114 .. - ........ Debenture, 1933 .... . :. 124 -125¾ 124 -124 124¾-124¼ 124 -124 121½-122 122 -122 122¼,-122¼ 122 -122 .••• - •••. 123 -123 121½-121¾ 121¼-121¼ Rearistered .. ......... ~ 122 -122½ . . .. - • .. . . . . - . . . . . . . • - •... 123 -123 . . . . - .. . .... - ••••.••• - • . . . . .. - ••• . . . .. - • . .. . .. • - ••• • . • .. - ••• !'llil.&: M., 1st, 190:i.6 118 -113 . .• - ........ - ........ - • . . .. - ••. . . .. , - .................. , ....... - ... . .... _ ... . .... - ... .... . . . . . North. Illinois, lst .. l> .... - ... . .. - •••. 111 -111 . .•• - ... .. . . . - •.. 111 -111 .... - .. .... . - ........ - ••• . 110¾-110% .... - ... . . ... - .. . Ot. C.F. & St.P.,lst.~ .. .. - .... .... - ....... - .... - ... ..... - .... 111¾ 111¾ .... - •. •. 110¾-llOJ,,t ... . - ... . .... - ... .. . . . - ••.. .. . - ..• M.L. S.& Wlst.,'~1 .6 ld0¾-136¾ !:367,-s-136% 138 -1~ 14ll,4-141¼ 135¼-137¾ 138¼-138¾ .... - .... 136¼-136¾ 187 -137½ .... - ... 135¼-136 136¼-136~ Ext. & Imp., s. f ... . I) 126 -127½ 123½-125 126 -126½ 126½-127 127 -127 127~127% 127 -127 . . . - ... . 125¼-125¼ 125)4-\25¼ l:!5¾-126¾ 127 -127 A8hland Div., 1st .. ti ... - . .. . .. - . . - .. . 143¾-143¾ . ... - .... . ... - ....... . · - •....... - . ....... - . .. . ... - ... . .... - ....... - .. . 1t.Uch. Division,181.6 138%-138¾ 142 -142 142¾-142¾ 142½-143 14~ -142¼ .••• - •.. ... .. - ... . 139~-140 140 -140 .••• - ... .... - •.. 14~140% Conv. deben.,190'7.I> . .. . - .... 107¼-107.½, .... - .... .. .. ... - ....... - ••.. ••• - •••. . .. - ........ - .......... . . . ... - ... . ... - .. . Incomes, 1911 ...... 6 .. .. - ... . . . . .... - .... 113 -113 .... - ••.. . .. - •.•. . ... - . . . . .. . . - ... . ... - •.. . ...• - ........ - .... . ... - .. . Cllic.-R. lsl'd & Pac .. 6 130¼-180¾ 181 -181 130½-130¾ 130}9-130½ 130½-131½ 131 -131 127¼-127½ 128 -128 128 -128 .... - ... . 130 -130 129¼-132¾ R.e,iistered ...... ...... 6 - .... .... - .... l:32½-132¼ .... ~32½-132¼ ..•. - ... 126¼-126¼ .•.. - •... 127½-127½ ... - •.. . 128¾-128½ L26 -129¾ General, 19SS, a-••••• 4 107¼-110 108%-110 108¼-109 108 -108¾ lO'i¾-108¾ 107%-108¾ 106¾-107¼ 106½-107 105¾-106¾106 -106¾ 106¼-107 106¼-107¼ Registered ........... 4 . . . . . .. - ........ - .... 106 -106 107!1;-107¼ 105½-106¼ 106 -106¾ . • .. - ••. . 106½-106½ .. .. - •.. . 106}(-106¾ ... - ••• D.M..& F.D.lst,'01>.4 . ... - ... 99¼- 99¼ ......... . ... - •... .. .. .. .... - ........ - .. . . . .. - . ....... . . . . . .... - ... . .... - ••• Keok. & Des M., lst.:i lll¼-111½ 112 -112 112 -112¾ 110½-110½ ll()¾-110¾ 111 -111 .... - •. . 111¾-lll'h . ••• - ... . .... - • •. . .. - ... . .... • ••• Chic. St.P. Min.&Om.Consol., 1930 ...... ... 6 134j4-1S5¾ 136 -139½ 140 -141 140¼-140¾ 141¼-142 138½-139 139 -139¾ 138½-138¾ 138¼-138¾ 139½-14v¾ 141 -141¼ 138'7k141 Chic. St. P.&M.,bt .. ti .... - .... 134 -134 140¼-140½ .... - •••. 138½-138½ 139 -139 138¾-138¾ 138¾-138½,137¼-139 139½-140 138½-138:i,.13U -139¼ No. Wis., 1st. 1930.6 .... - ........ - ... . 140 -140 .... - ... ... .. - ... . .... - ... . .... - . . . . ... .... - ........ - .. . . ... _ ... .. ... - .. . St. P. & S. Clty-lst .. 6 180 -131 131¾-131½ .. . . - .... 130 -130½ l.Sl½-131½ 130 -132 131½-131½ 129 -129 130 -130 127 -129 129 -129¾ 129½-129½ Chic. Term'l Transf .. 4 92 - 97¾ 95!1!(- 97½ 96¼- 98 95 - 97¾ 93½- 95½ 95¾- 96½ 92½- 94!1( 98½- 95¼ 93¼- 95),g 98 - g4 88 - 92¾ 87 - 91¾ Chtc. & \Vest'n ln,1.lst, sink. fd., 1919... 6 .... - ........ • ... . .... - .......• - ........ - ........ - .... 107,4-107¼ . •• • • • ....... - . . . . . .. - • •. . . .. - .......... .. General ... ••. .. . ....... ti 119¾-11994 . ••• • •••. 118½-119 .••• - •••..••• - ••• . .••• • •••. 118 -118 . .. • - ••• . 117 -118 . ••• - .... 119¼-119¾.... - ••• Ctn. Ham. & DaytonConsol., s. f, 19UI) .. , .... - ........ o ••• • •••• - •••• · · • • . . . . . . . . . - . . . . . . . - . . . . . . . - . . . . . . . . _ . . . . . . . . - . . . . . . . . _ . . . • • • _ ••• lll½-111¼ Ctn. Day. &Ir. 1st... ~ 113¼-llSJ.d - ... 114 -115 .... - ••.. 118 -118 .... - .... 114 -114 ............. - ••• . .••• - .... 112½-114 114 -114 ssuc.c.c. <ll.I.~. L.&c. <& St. L. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO.r DS. J901-Continued. ,JANUARY FEBR'RY, MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV' BER. OEC'BER. - - - - - - - - - - - - - - - - - - - - - - - - - - - -----1----1- - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Higc Low.High ------------ - - - - - - - - - - - - - - - - - - - - - · - - - - - - -·---1- - - --1 - - - BONDS, Cl, Cln, Chic, & St. L,General. ............... . 4 101 -104½ 103½-104 103¾-105¼ 104 -105 104 -104½ 103)4-104 103 -1{14¼ 103¾-104½ 103 -104¼ 103 -105 104 -104¾ 102½-10:¼ - ....... Cairo Div,, 1st, '39 .. 1 99 - 99 - ..•. 102 -102;14 ..•• - ••. . 101 -101 .... - .... 104½-104½ Ctn. Wah, & M,, lst.4 98¼ · 99¼ 101¾-101½ .... - .... 102 -104¼ .. .. St,L,Dlv,, lst, 1990.4 104½-105 104>11-104½ 105 -105 105¾-105¾ 102 -103 103 -104 103 -103 .... - ........ - ... 103 -103 102 -104 103½-lO!l¼ - •.. . .••• 100 -100 100 -100 100 -100 ... . - ... . ... - ••...... Sp, & Col,, 1st, '40 .. 4 ... - ... - •... 104 -104 106 -106 104½-104½ . ... - .... 104-104½ .... - ... . 105 -105 ..•• - .. .... 104¾-104½ .... C,I.St.L.&C.,lst.4 .... - .. . . 115½-115½ .... - ...... .. - ••.. 114¾-114¾ .... - •.•. 115½-115¾ . ... - ... . ••• - .•• . Cin, Snn. & Cl., con.~ 113%-113% 115¾-115¼ 115 -115 - • .. . . .. - •... 180 -133½ 138 -138 131¾-181½ .... C, C, C, & I,, con11ol. 1 135¼~13n¼ 136 -186 - ... . 185½-185¾ - ... 13:3¾-138½ 133 -133 ...• -186½ General consol. . .. 6 134 -134 136 -136 136 - ... . 104½-104~. . .. - .... In. Bl, & W ,, 1st, pf,4 . . . . - . .. . . . . . - . . . 97½- 98;14 97½- 9~ 97 - 98¼ 96 - 93 96%-100¾ 98 - 99 96¼- 98 95 - 97 95 - 98 97¾-100 97 - 99 .Peo, & E., 1st, cons .. 4 95½- 97 63½- 67 65 - 70 69 - 79¾ 71 - 76¾ 74 - 78½ 73 - 77 65 - 67 60 - 66 61 - 65 58 - 73 .4 45¾- 53¼ 53¾- 65 Incomes, 1990. - ...... - .... . ... - ... 115 -115 Clev, Lor, & W,-ts, .. ~ . ... - ........ - ...... . 129½-12g½ . . . . - ........ - ... . Cl, & Ma.h, V,-1938 .. ~ 130 -180 .. . . - .... 130½-130½ .... Colorado Mld,-lst.3-4 78 - 71l¾ 78½- 83¾ 80½- 87 83 - 87½ 81½- 85~ 84 - 85¼ 80¾- 83 80 - 82),ji 79½- 81 79½- 81½ 81 - 83½ 82½- 84¾ 82 - 82 80 - 83 80 - 8! 81¼- 1:24 ES - b5 81 - 82 84 - 85 1st, a-old, 1941' ....... 4 77 - 79¾ 78)4- 82 80%- 87 83½- 87¾ 82 - 85 Col, & So,-lst, a-,'!.?9.4 83 - 86 83;14- 87¾ 84¾- 89 87 - 89% 83 - 89~ 88¾- 89¾ 88 - 89!J;t 87 - 88¼ 86¾- 88½ 87¾- 88¾ 88 - 90 88 - 90U t Delaware & Hudson147½-147¾ 145½-145½ . ••• - .... 147¾-147¾ . ... - . . . . .•• - ... . .... - .. . . ..•• - •. . .... - . . 1st, Pa, Div•• 1911' .. 7 . ..• .....•.• - •••• - .... . ..• - •.....• - ... 149 -149 . ••• . ... 150 -150 .... . .... , .. .. Reiristered. - ... 114¾-114¾ - .... 116 -116 . .. - . . . . 116 -116 Alb. & Susq,, 1st, &ru . 1 .... - .... 117 -117 - •••. 110¾-111 llQ¼-110¼110%-110~ - ... .. ... - ... . 111¼-lll¾ lll¼-111½ .... 1st, coop., irunr .... . 6 .... 109¼-109¼ ..•• - ... . .... - • ... 112 -112 ..... - . .. . . .•• 1st, reiristered ..... . 6 .... - .... 112½-112¼ ...• - ... 152 -152 - .... 161 -161 .... - .... 150¾-150¾ 153¾-153¼ 152¾-152¼ . •.• Ren, & Sar .. lst,'21.7 .. .. . • .. . • .. ... . . • • • • • • -151 161 7 . .......... Rea-lstered Del. Lnck.& West'n- .... 117¾-118½ . . .. 190'7......... ............ , 123½-129½ .... - . ... 121 -121 120¾-120!J;t .••• .. la0¼-136¼ 188 -188 .... - ... . 188 -188 138 -138 Morris & Essex, lst.7 139½-139½ 139¾-140 139½-139¾ 139¾-139¾ .... 1871-1901 ........... 7 .... - · •· 104¼-104¼ ... . - .. .. 101½-101¼ 101%-101¾ .. . • - ... . .. - . . .. 140¼-140¼ 140¾-140½ 140 -140 138¼-138½ 136¾-136:l:( 138¼-188~ 138¼-138½ 140 -140 139 -139 .... Consol., ,iuar... ...... 7 ... 136,4-136¼ 136¾-136½ 136½-136½ 133½-133½ . . .. - ... . .... - ... 135 -135½ tS!}¾-186¾137 -137 N,Y, L, & W,, lst . .. . 6 .... - .... 136 -186 Construct'n, 1923 .. ~ .... - ... . 110 -119 118½-118¼ .... - . . . 118¼-118½ . ..• - •. .. 119),6-119¼ .... - ........ - . . . . . . . . - ... . 104¼-104¼ .... lu4¾-104¾ 104¾-lO~ - ...... .. Term'l & tmpr'mt .. 4 ... . .... - . . . 116 -116 - . . ...... - .... .. .. - ... . 117%-ll'i¼ . . Syr, Bingb, & N, Y .. 7 .... Denver &Rio GrandeConsol., 1936 ... ... . .. . 4 100 -101¾ 102 -108¼ 102 -102¾ 101!1.(-102¾ 101 -102¾ 102¾-104¼ 101 -102¼ 101½-102¼ 102 -102¾102 -103 102¾·103¾ 108*10~ - .. . Lll½-114¼ lat consol,, 1936 ... 4½ 108 -108 109!14-110¾ 110 -110¾ 109¾-110 111 -111 111 -111 . .•• • ..• . ... - ... 113½-113½110¼-110¼ Improvement, 19'l8.~ 107 -107¼ 107,(-110 109½-111 110 -111 111½-ll~ lOE¾-111,4 111 -112 112 - 112 113 -113 - ... . 95½- 96 95 - 95½ 94,(- 95 IJ2 - 94 93¼- 93% 92 - 94% 89½- 91 Denv.&So. Wellt,gen.5 .... Des Mo. Uolon-lst .... ~ 108~-108;14 111 -111 .... - .... 102 -102 Det. & Mack,-lst l'n.4 .... - •.• 91 - 91 91 - 92 92½- 93 90 - 90¾ 4•old . ......... . .......... 4 86 - 87½ 88 - 89¾ 89 - 91¾ . .• - .. .. 90 - 91 go - 91 91 - 91 87½- 87¾ 85 - 86 Detroit South'n, lat .. 4 . ... - . . . . ... - .... 93¾- 95 Ohio !Sou. Div., lst .. 4 . . .. - . . . . .. . Duluth & I. R,-ht ... ~ 110¾-112 110½-115 115 -115 112 -113 115 -115 114 -114½ 116¼-115¼ . ... - .... 116 -116 113 -113 113 -114 113 -113 - ... . 115 -116 -116 116 •... 115 -115 115 -115 113½-113½ Dul,S.S,&Atl,-1937.~ 112 -112½ .... E, T, Va, & Ga,-See So. - ... . 112½-113 112½-112½ .. . . Ela-. Joi. & E,-lst, a-.. ~ .. . . - . .. ..•• - .... 115 -115 .••• Erle-1st, Ext. 191'7.~ 118¼-119¼ . .. ~ - ... 119 -119 .... 120%-1207/4 . . . - ... . . ... !Id, Ext,, 1919 . ........ :) 121 -121 - ...... .. - ... 111 -111 . ... - . . .. 116)4-116¼ ll6 -116 3d, Ext,, 1923 ...... ,4½ 118 -118 - ........ 124 . -124 123¾-124 4th. Ext,, 1920 ....... ~ .... - ••...•• - .••. 108 -J0S - .... 107 -107 .... ~th, Ext., 1928 ... ... . 4 ht, consol., &rold . . ... . 7 142 -142 142%-143¾ . . . - .. .. 140 -140 140 -141 141 -142 142 -142½ . ... - .... 139 -189¾ 141) -140 140½-HO¾ 140¾-141. - ... . .. .. - ... . .. . - •.• . 137 -137 . . .. - ... . 135¾-135¼ . ... 1st, cons., a-,, f'nnd'a-. 7 . . .. - ... . .... - ... . 135¼-135½ 1st con, prior lien, g.4 95½ - 97¾ 96¾- 97~ 96)4- 99 98½- 99~ 97½- 99¾ 99!,,(-101¼ {,7 - 9914 98 - 99 97¼- 99 97¼ - 99 99 -l00IJ( 99¼-101¾ - .... .... 99 - 99 Rea-istered ... . .. .... 4 1st con. a-en, 1,, '96 .. 4 82)4- 85¾ 83 - 86~ 83½- 89!14 87 - 90 84 - 89 89 - 91 85½- 88¼ 85)4- 89¼ 87¼- 89½ 86½- ES 87¾- 90¾ 88¼- 91½ EZ½- 93½ 92¼- 93¼ IJ2½- 94½ 94 - 95¾ 93¾~ 95¾ 9;;½- 96½ 94 - 96 - .... . . . . - ........ Penn, coll. tr,, 1951.4 .... . .. - . .. ....• - .. . . ..• - • •. . ...• - .. . 136¼-136¾ •··· - . .. ... .. - .... . ... - .. 136¾-136½ . .. . Bu:ff. N. Y, & E,, lst.7 ... Chic, &Erie, 1st, g .. ~ 116 -121½ 121 -121 120)4-122 122¼-123 120 -121 121¼-121¼ 121¾-123 . ... - ... . 122½-122½123¼-123¼ .... - .... 122½-123)4 - .... 105½-105¼ 108 -108 . ••• - ... . . ... - .... 107 -10; Jefferson, 1st, guar.,5 106 -106 106%-106% ...• - .... 105 -105 - •... 137 -137 187½-137½ .. 137 -138 ... . Long Uockcons,'3~.ti la8 -1S9 140 -140 1397,i-140 138 -138½ , . .. .... - •.•• - .• . 118¼ 118½ .... - ... 121 -121 Dock & lmpt,, lst .... 6 . ... - ...... - .... 115 -116 116 -116 115¾-115~ Mldl'dofN,J,,lst ... till7½-117¾118 -118 118%118%116 -117!,t ll5¾-ll6J.ii. . .. - ••.. 118 -119 118 -118 117¾-ll'r.J4 - •... 117 -117 117 -117 114 -115½ 115 -115 N. Y. Sus. & w., ret.~ 111 -111¼ 116½-116½ 118 -118 - .... ... t' ~d, 193'7 ........... 4Xi .. . . - . . 94' - 94' Gen,, a-old, 1940 .... :i 104½-105¾ 102¼-108 . ... - - .• . . . . . . - 100 -104½ 105 -106 105 -106 106¾-107!,:( 106 -107 105 -10~ 105%·106¼ l0i½-107½ 107¼-109½ 109)4-110¾ - ... . 115!,ia-115½ . ... - .••• 115¾-ll6½ .... Term'I, 1st, 1943 .. ~ .... - ... ..~. - .. . 109)4-110 109 -110 110 -110 112 -112 109½-110 Wilk.& E., lst,'4-l.5 10'7½-107¾ 107¾-108¾ 110 -110¾ 110¼-110½ 110½ -111¾ ...• - • .•..... .... - ... 124 -12~ -123¼ 123 .... -123 123 124)4-126 .. . Evansv. & T. H.-Con.6 124 -124 124)4-124¾ 128½-124 - .... 108¾-109½ 108¼-109 107 -108½ 108 -109!1:( 108 -109 103 -109 - ... . 108½-lll .... 1st, gen,, 1942, gold.~ .... • Evansv. & lndlanap.110 -114 .... · ••· .... - ... . 108 -108½ .•.. - ... .. ••• 1st, consol,, 1926 . . . . 6 Fl. &P,Mq,-See P. Mq, Ft. W. & D, C,-lst .... ti 76¼- 81½ 81!,(- 85 82!,(-107¾ 104 -109,½ 101 -111 106¾-108~ 102 -107~.{ 104 -106 103 -105 102J4-108 106½-108¾ 103¾-106 Ft. W ,& R,Gr,- ht.3-4 67 - 69½ 69¼- 76 75¾- 87 83 - 88¾ 86 - Sil 89 - 92 86 - 86¾ 85¾- 87 86 - 86½ 85,½- 87 86':(- i:8 87 - 90¾ - .•.. 103:1:(-105 104¾-105 • .. - • . . 101 -101 Galv.H.&H.ot'S2.. ~ 102¾-103 . ... G,H,&S,A,-See !S. P ,Co. - . . . . . . . - • • • . . . • • - •••. 109 -109 Ga.Car.& N,-lst,gu.~ .... Ga. Pacific-See eoutb'n 98½-100¾ 99 - 99¼ 97,(- 99)4 97 - 98½ 95 • 97¾ 95¾- 98~ 98 - 99 97¾- 99 - .... lOQ¾-101 G,No.-C,B,& Q. cl.tr.4 .... . . . . . . . . - . . . . 96¼- 97¼ 96½- 9.:! 96 - 97 - . ... .... . .. . .. .. . . . . .. . . 4 ... Rea-lstered..... . .. Hock, Val,-lst, con.4½ 103½-l~ 104½-106 105¼-106 lOIS¾-106¼ 104 -106¼ 106½-109½ 106)4-107!)s 106½-107 106 -107 106¾-107 107 -108~ 108 -110 C. & H, V ., 18t, ext.. 4 . ... - .... 106!J;!-1~ •.•• - .••..••• - •••. 101~-104¾ . .• . - ........ - ... . • •• - •••. 105 -105 104 -104 .• •. - ........ H, E. & W,T,-See S. P, H, & T, C,-See So . Pac. llllnols Central- ........ - ........ - ........ - .. . . 111'½-115¼ .••• - . •••.••• - ........ lat, a-old, 19:il ........ 4 - ... . 106 -106 l8t, gold, 19~1 ... .. . 3½ .... - ........ - .... 107¾-107½ 107¼-107¼ .•• - ........ - ........ - .... 104 -104 .•• - ••• 1()4%-104~ •••• Gold, 19~2 ............. 4 .... - .... 1043,a-104¾ .•.• - •.•. 104 -104 104 -104 105¼-10~ 105 -106 .... - ... 102 -102 •.•• - ........ - ........ Real•tered ... ....... .4 .... - . . .. . .. - ........ - .. . . . . . Gold, l9:i3 ............ .4 104 -104¼ • • • • - .... 106¼-105¼ 105!1.(-106 102 -1027/4 103 -105 . . . • - • . • . . . .. - .... 105 -105¾ 105½-106 105 -106¾ 105¼-105M - .... 102 -102~ 1~¼-102¼ .... Loulsv, Div., a-old.3½ 101¾-102)4 102¾-102¾ 103 -103 102¼-102½ 101½-101½ 102 -102¼ 100¼-lu0¼ .... - ........ - ........ - ........ - ........ St. Louis Div., ,rold .. 3 . . . - ........ - .... 90 - 91 90J4- 90¼ .••• - .... • .. - .... 101)4-101¾ .... Gold, 19:il ......... 3½ 102 -102¾ ...• - • 102)4-102¼ 1023-ii-102¼ .... - .... 118¾--115 112¾-112½112½-113¾ ...• 114 -114 ..•• · Western Lines, lst .. 4 115¼-115½ 113 -11~ 114 -114¾ .••• - •••.•••• - . .. . . .. . - .... 124 -124 . . . . - .. • . . • . • Belle, & Caron,, lst.6 . . . . 130 -130 129½-129½ -128 128 -128 127 -127 127 •128 127 12~-129¾ -128 128 127¾-~ •.•. •• . . 126"-126:'4 -126½ 126 · C. St. L, & N .O.,g.cp.~ - .. .. • .. • - • • • . . .. • - .... 124 -124 . . . . - . . . . . . • Rea-istered .......... . ~ . .. - .... 123%-128'7/4 • .. • - ........ - ........ - ........ - •••. 101¼-101¼ .... - .... .... Gold, 19:it . ........ 3!>!: •••. - ........ - ........ - • ........ - .... 106 -106 . •• Mempb,Dlv,, lst ... 4107~-10~ .... - .... 105 -106 St, L. !-lo .. 1 •t, 1rua-r.4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .... - .... 95 RAILROAD BONDS. 1901-Continued . BONDS. .JANUARY FEBR'RY MARCH. _ APRlL. MAY. J r . TE. JULY. AUGUST. ~EPT'BER. / OCTOBER. I Nov'BER. DEC'BER. Low.High Low.iligh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hil!'hkow.High Low.High - - - - - - - - - --1-- - - Ind. Dec. & West'nlst, gold, 1935 .. .. . ... ~ - .• •. 105 -105 .. . . - . . . 107 -107 107 -107 - .•. 107 -107 >051j-10l>),:,.9 -109 Ind. Illinois & Iowalst, gold, 1950. . .. .. 4 .... - •... 99¼- 99¼ ... - .... 99¼- 99¼ 100 -10() 98¾-100½ lnternat'l & Gt. No.ht, 1919 .. .. . ... . ... . .. 6 124¾-125½ 125 -125½ 126 -126¼ 126½-126½ 124 -124 125 -125 124 -126 126 -128 126½-126½ 125½-127½ 125½-125½ 123 -123½ ~d, 1909 ............... . 6 96¾-100 99 - 99¼ 96½- 9g 9 %-100 96 -100 10:J -101 100 -101½ 101½-108 100 -101 100 -101 lOQ¼-100¾ 99 -100¾ 3d, 1921 .............. . 4 67 - 67½ 67 - 70 65 - 73 71½- 71½ 7! - 75 - . .. . 74½- 80 . . - .... 74½- 78 .. Iowa Cent.-lst, gold .. 6 115¼-116¾ 116 -116¾ 116 -117 116½-117½ 117 117¾ 115¾-118 115¾-116¼ 115½-116½ 116½-117½116½-118 117¾-119 116¼-116½ 9:1, - 9:1, Refundina, 1951 ..... 4 . ... Kan.& [ll.-See T.&O.C. K.City So.-lst, 19t>0.3 67 - 69¾ 6J - 70¼ 69 - 72½ 69¼- 70 67"),4- 69½ 69½- 70 68¾- 70 69½- 70 69 - 70 66¼ - 69 68¼- 72 ¾ 70¾- 12½ Ken. Cent.-See L. & N. L. Erle & West-lst ... t> 122 -122½ 122½-124 128 -123¾ 124),g-124),g 121 -122½ 122 -128 118¾-120 - .... 120 -120½120½-122 - . 122¼-l.22½ 2d . .. .. ... .. ... . ......... . 5 117 -118 117½-118½ 118½-118½ .. . . . ... 118½-120 120 -120 118½-118.x, - . .. . 118 -118½ 118½-118¾: 118½-118½ ... Northern Ohio, lst .. 5 115~-115½ . ... - .... 110 -110 110½-110½ 110 -110 . . •• - ... . 110½-110,k lll½-111½ 112 -112½ L. Shore-See N. Y. C. Leh. Val. (Po..), coll ... l> .... - . ..... .. - . . . 110½-110½ . . • . Leh. Valley, N. Y.lst, gua1•., gold .... .. 4½ 109½-110 H0½-110¾ .... - .. . . 111 -111¾ 110½-lll - •••. 110½-llO>ti 110 -110½ .... - ... . 108)4-110¾ 110 -110 Realstered ........ .4½ 109½-109½ 110¼ -110¾ 111 -111 . .• • - •... 108½-108¾ 105¾-108¾ .. . . Leh. Val. Term'l - 1st.5 .... - .... 114½-118¼ L. Val. Coal-1st., gu .:i .. . - •... 109 -109 - ... 100 -100 J...eh. & N. ¥.-1st, gu.4 95 - 95 98 - 99 95 - 9674 96½- 96½ . . • . 07 - 97 Long Islandlst, consol., 1931. . .. I} 123 -123 122¼-122¾ . . - .... 121 -121 121¾-121¾ Gen. mort., 193S... . 4 103 -10{½ 108¼-10:le 104 -105 104 -104½ 108 -104 101 -102 tOl¼-102 - . . . LOO -100 101¼-102¾ 102%-102~ 101 -1C2 Ferry, 1st, 1922 . ..4¼ 105 -105 ... • - .•. . 102¼-102¼ ... . - ... . 104 -lM 105 -105 Unified, 1 949.. ....... 4 98 - 99 98 - 98½ 97½-101 99½-100 98½- 99¾ {i3¾-lOO 97 -;100 99 - 99~ 97½-100 98 - 98½ 99 - 99½ 99 -100 Debentures, 193 J. . .•. :i ... . - . . . . 95 - 95 B'klyn & Ll'lon., 1st . . ~ .. . . 110 -110 . . . - ... . 109½-109½ Loulsvlile &Nashv.Generai mortgage .. . 6 112 -119 118¾-120 119 -120 120 -120¼ 119¾-120 118 -118:ki 118½-118¾ 118¾-119 119 -119¼119 -119¾ 120¾-121 117¼-118% ~0-year, gold, 1931./> 111 -111 112 -112 113 -113 113 -113½ 112 - 112 113 -118½ 113½-111½ lU½-lH½ L14 -114 .••• Unified, ,iold, 1940 .. 4 99¾-101¼ 100¾-101½ 101¼ -1U2½ 102¼ ·103¼ 102½-103½ 103¼-104¼ 101 -102),g 101 -102 101¾-102 101¾·102 lOV¼-102:J:j 102½-103 Col. trust, g-., 1931 .. . 1) llC½-110% lll¾-112i}s ·-· - ·•• · 112¾-ll:l¾ . ... - . . . L12 -114¾ 11a -113½ 111 -111 112½-112½114 -114½ 113 -113 Coll. trust. ~-~Os .... 4 99¼-100¾ 10) -101 100~-102 99 -100 99½·100 100¼-101 10014-100% 100%-100% 100½-102 99 - 99½ 99½-100 99¾-100¼ .E. ll. & N., 1st .... .... ti . .. - .... 116 -116 113 -llS½ N. O. & Mob., lst ... . 6 130 -1S0 - ... . .... - • ... 130½-130¾ 130 -130· .... - .... 130 -130 131½-131½ 2d . ..... .......... . . ..... (i .... - .... 119½-119½ ... - .... 120 -120 Pensac. & Atl., 1st .. C 118 113 - ... . lll½-113 - .• . L17 -117 .... - ... . 114¾-115¼ ... - . ... St. L. Div., 1st, ':Jl.6 126¼-126¼ .... - . . . . . . . - .. . l24½-124½ 2d, 19S0 ........... . 3 .... - . - • .. . 73½- 73½ ... So.& N o.Ala.con.gu.5 111¾-lll½ 110 -110 - .. .. 112½-112½ - •... 115 -115½ 115 -115 115 -115 115¾-115¾ 115 -115 Ken. Cent., 1981 .....4 96¾· 99 1,9:).ti-100 99%-100 99%-100 100 -100 102 -102 toO½ ·lOO½ 100 -100 too -100 100 -100 100½-~01 101 -101½ L.&N.&M.&J1.lst4½ 112 -112 Ll0½-110½ Nash.Fl.&S. ,lst,g u.~ 112 - 112 - .•.. 115 -115 - ... 111 -111 .. • . 100 -100 L. & J efl. B' da-e, gu ... 4 ... . - . .. . L.N.A.&C.-SeeC . I.&L. Manbat.-Con., 1990 .4 10~-106 106 -1G6½ 105% -106½ 104¼-105½ l04¼-l05¼ L05 -105½ 104 -105 103½-10:le¾ 104 -104½ 102 -103 103 -105½ 105 -107 Registered .......... 4 .. . . - . . . . . . . . . .. - . . . .. . . - .. .. ,05¼-105¼ .. . - .. . . . . . - . . . . .•. - .. . 115¾ -116¼ li6 -117 Metr<lpol.Elev., lst .. 6 115 -116¾ 117 -117\18 117 -117½ 117 -117¾ L16 -117¼ l16¼-117¾ l14¼-1H½ 114½-114½ LU -115 Mex. Cen'l-ConsoL .. 4 80½- 81½ 81 - 83½ 82¼- 85 83¼· 84¾ &3½- 86½ 85 - 90 84 - 87½ 8!½- 86 84¼- 86 82½- 84¾ 82 - 8! ti2 - 84 1st consol. income ... 3 26 - 28½ 27 - 82½ 23¾- 38½ 80¼- S4 27½- 34½ 32 - 38¼ 30½- 85½ 80½- 85 30 - 35 28¼- 31½ 29 - 32½ iO¼- 32¼ 2d consol. iucome .. .. 3 18 - H}<, 1S¼- 16½ 15 - 19% 16!4- 20½ 18¾- 23¾ 21½- 27 22 - 25½ 20¼- 24 21½- 2!¾ 20 - 20¾ 20 - 22 20 - 21½ Mex. Int. -lst.19,1 .. 4 ~4¾- 85 85 - 85¼ 82¼· 84¼ 83 - 83¾ ES.xi- 90¾ 90 - 91¼ 90%- 90% . •.• - ••.. 92 - 9 ¼ 96 - 97 Mex.Nat'l-:ld, inc.,A.6 .. .. 85½- 86 85 - 85 .... Tr. Co. ctfl!I. deposit . ... . 97 - 99¾ 99\14-100¼ 2d, income, B ........ 6 .. . . - •·• 32 - 84½ 26 - 32½ . .. . - .• •. 23 - 23 25 - 25 Tr. Co. ctfs. deposit. . . . . - ... . 88½- 34½ 1st, 6s, Tr. Co. cUs.... .. .. - •.. . 100 -101¾ Mich. Cent.-See N. Y . C. M.L.S.&W.-.See C.&N. M. & N.-SeeC.M.&S.P. Mlnneap. & St. Louislst, gold, 19~1 ........ 1 .. .. - . .. 147.½-147½ . .. . - ....... - .. . . . 119 -119 Ia. Ext., 1st, 1909 .. 1 122 -122- . . .. - .... 121½-122 . .. - . . . 122½-122½ 119 -119 .... Pacific Ext., 1st ... . . 6 .. - .... 128½-123½ .... Solllhw. Ext., lst. . .. 1 122½-122¾ - ••. . 117 -117 .... - . .. . 120 -120½120 -120 12~121¾120 -120¼120)4-120¼ 1st, con., 1934, g . ... ~ 116½-117½ 117½-118½ 1st &i•e t., 1949 .. .... 4 97½- 99 98¾ ·100 97 -103½ 103 -104½ 103 -104 l04 .. lQi½ 104¾-105 104½-105 102 -103½ 103 -104 103 -103½ 103 -108½ .•. . 102 -103½ . . . . - .. •. 103 -103 M.S.S.M.&A.,lst,'26.4 ... - ... . .. . 98-98 ..•• . . .. - . . . .... . 98-98 m. .;it.P.& s.s ..n .,'38.. 4 .... - ........ - ... . Mo. Kan. & Texaslst, gold, 1990 ...... . 4 .9 6¾- 99 97 - 98 97 - 99 98 - 99,½ 97 - 99 97 - 99¾ 96%- 98½ 97¾- llS¾ 98 - 99¾ 98 -100 100 -100~ 96½- 98½ 2d, Income, 1990 .. .. . 4 75 - 8 0¾ 75%- 80 78 - 81 80½- 83¼ 80 - 83½ 82½- 87 82¾- 88¾ 80 - 83¼ 80 - 83¾ 79 - 82 80 - 83½ 81 - 82½ :1st, exten. , g., 1944.~ 97 - 99¼ 98¾- 9)½ 99¾-103½ 108 -106 100 - 103 101 -104 102 -103 102½-102.11, 102~-103 103 -105 101¾-10~ 102 -104¾ Dall. & Waco, 1st... ~ .... - ........ - ... . 99 -100 - ....... - . ...... - •... 93 - 98 M. K.& T. ofT., 1st.~ 96 -100¾ 99}4-104¾ 101 -105 103¾-lOJ 102 -104¾ 104 -105½ 104'¼-106 05½ -1C8 106 - 106½105 -106¼ 105 -105 105 -107iki K. C. & P.,lst, 1990.4 87½- 90½ 83 - 90½ 90¾- 91 &9 - 90 . ... 90½- 90l11 - .... 90 - 91¾ 90 - 91 Sh. S. & So., l @t gu .. :i 99¾-100¾ 100 -100½ 101½-102¼ 108 -105% . . - .... 108¾-103½ - .. • . 102 -102½ Mo. Kan. & Eastern- .... 110 -111 110 -110 110 -111½ 110½-lll lst, 1942 ............... .:i 109 -109¾ 109 -110 109½-110¼ 107 -109½ 106% -109¼ 109 -109½ llO -110¾ Missouri Pacific3d, 1906 ................ 1 114½-115½ 114¾·116 116 -116¾ 116¼ 117 114 -114 114 ·114 ... .. - •... 114 -115 1st consol. ... ... .. ...... ti 119¼-122 121½-121¾ 122 -12:le 1Z8¾-125½ 121'A.-123¼ 121½-123:J,( 121\14 ·128¾ 121¾·128½123½-124 123\14-12~ 122 -128 122 -123½ Trust, iiold, 1911 . ... /l 100½-104 103%-108 104¾-106¼ 105¾ ·106½ 103J.ti-106~ 106 -109¼ 105½-108¾ 106,.(-101' 10!¾-105¾ 103%-105¾ 105 -106~ 106 -107½ 1st, collo.t., &' ,, 19~0.:i 103 -105 103 -105 l C,4%-106½ 105}9-107 105 -106,l,d 10(%-110 107 -108¾ 106 · 106 106 -107 106½·107 !06¾-108 106½ ·108¾ Cent.Br'ch Ry.-ht.4 ... - ...... - .... 90 - 90¾ 90 - 90 89~- 90½ 91 - 91 Leroy & c. Val., lst . .l .... ... . 100 -100 •.. . 100 - 10:> Pac. of Mo.-lst, ext.. 4 . ... 106 -106 107 -107 - . .. 105 -105 - . . . 107 -107 107 -107 106¼-106¼ 2d, 1938, ext .. . . . ~ 118 -113 - ... . 113½-115 .. . 115 -115 . . . . - ..•. 115 -115 115 -115½ .. .. - . . .. St.L.&I.M.iien.&l.g. ~ 114 -1151, 115¾·117 116½-119 115 -117 114 -115½ 115½-117½ 116 -117¼ 116 -117 116 -118 114 -116 115¾-117 116 -118 Stamped, ,:uar ...... ii .. . . - .... 114½-115 . .. - .... 114!}:(-114¾ ... 116½-116½ .... . .. . 115½ ·115¾ Unify.&ret., 1929.4 84¾- 88 88 - 92½ 91¾- 96¾ 94½- 96 92 - 96 9! - 95½ 90½- 93 1,2 - 98 90 - 92 90¾· 92½ 91¼- 981>.t 93¼- 95½ Moblle & Ohio"l°' New ...................... . 6 127½-130½ 129%-130 131 -181½ 131),g-182 131 -131 129 -129 129 -130 130 - 130 12{1¼-129½130 -180½131 -131 129 -130 lat, Exten., 19j'7 .... 6 130 - 130 - .... 121 -121 125 -125 . .•. - ....... . - .... 125 -125 Gen. mort., 1938..... 4 87¼- 96½ 93¼- 96¾ 93½- 96 95 - 96 95 - 96 95 - 96 96 - 96 94 - 94 93½- 95% 9.;¾- 9:i¾ 96 - 96 97 - 97 J.P. M. & Co. ctfs... - . . .. 94½- 96 94½- 96 95 . 96 05½- 96 95 - 95 . ••. 9:le - 94 . ... - . .... . •. Mont,iom. Div., lst../i 110 -113 112 -113 112½-115 11;,!4-116¾ 115½-115½ 115½-115½ 116 -116 - ••. . 113 - 113 114¾ -114¼ 114¾-115¼ 115 -116¾ St. Louis & Cairo .. . . 4 . ... . . . . 100 -100 101½-101½ - .... 99 - 99 Coll. trU3t, 19JU. 4 ., .. - ....... - . .. T... - .... 95¼ - 95¾ .. .. 1 Mor. 1..&T. SS. See !"I. •· https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 96 RAILROAD BONDS. 1901-Continued. BOND:S, JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. Low.High Low.High Low.High T,ow.Hi~b Low.High Low.High - ---1--- --- ------- -------No.sh.Ch.&St.L.-lst.7128 -128¾128 -123¼128½-128½123¼-128¼129 -129 129¼-130 Consol.g •• 1928 ...... ~ 111 -112¼ 1112¼-114½ 114¼-116 112¼-113¾ 113¼-lU½ 113½-114½ JULY. AUGUST. :-EPT'BER. OCTOBER. Nov'BER. DEC'B Eh , Low.High Low.High Low.High Low.High Low.High Low.High - - - - - - - - -·--------127¾-127¾126¼-126%126¼-126½127¼ ·128 12d!,4'·129 129 -129¼ 115 -115 .... - .: .. 115 -115 112 -112½113 -113¾ 113¼-114 New York Centro.IN. Y,C. & H., 1st. cp .. ?' 106½-107 107 -107¼ 107.½;-107½ 107¼ 107¼ 107¾-lO'l 107¾-107¾ 104¼-104½ ..•• - ... 105¼-106 105¾-105¾ 105%-105¼ 106%-106% Registered ....... . .. 7 . . . - . .. 107 -107¼ . ... - ... lUiJ.a-107¾ 107% ll 7¼ 107½-107½ .... - ........ - .... 106 -106 ... . - ....... - . . . . 102¾-10~ Gold, 1997 ... ...... 3½ lOJ -109% 109 -110 110¼-110½ 110 -110):! 110 -110¼ 110 -110 108%-108¾ 108 -108 107½-108½108¾-109¼ 109,(-109:):1110 -lJ.O 1 Re1ristered ....... 3 .><. . . . - . . . . 109½-10. ½ .. . - . . ... - ....... . Deb .• 1SS4-1904 .. . ~ 105¾-106½ 106¼-106½ 104%-104% 105 - 105 105¼-H5¼ 104¾-104¾ 104 -104 - .... 101 -101 . . . - . ... 103¾-103¾ 103¼-103¾ - . .. . 103 -103 103 -103½103¾-10!:!¾ Registered .... . . .. -~ . .. . 106¾-106¾ ltG5 -105 tG5¼ 105¼ . .. Deb., a-,, '90-1905 .4 102¼-102¼ .... - .. . 102%-102% 103J,a-lc4¼ ... . Re1rhtered . . . ... A 102¼-102¼' .... - .... CO¼- 99¼100%-101 Debt certs., ext., g . .J - •. . 103 -103 103¾-103¾ .... - ... . 101%-101¾ 101 -101 lOt -101 - .... 101½ ·101!,<_ lOO -100 100,½-100½ Regist, 1•ed ........ . 4 100).a-100¾ .... - .... Lake Shore. coll ... 3 ½ 98 - 99 96 - 97~ 97 - 97½ 95¾- 97¾ 95 - 97J4 96½- 98 97 - 98¼ 95 - 96 9j½- 96),a 95¾- 96¾ 96¼- 97¾ 97 - 98 Rea-istered .. ... . . . 3 ½ 95½- li7½ 96 - 97 95¾- 97 95 - 96½ 94½- 96¼ 96 - 97 97 - 97½ 94 - 93% 9! - 94 !J4 - 96¼ 95 - 96½ 95 - 96 Mich. Cent' I, coll..3 !,t 97½- 97½ 96 - 97¼ 96 - 96½ 94 - 96¾ 94 - 95½ 95¾- 95½ 95~,i- ~6¾ 93%- 95¼ 94 - 95¾ 94¾-- 95¾ 95½- 96 li5½- 96¾ Rea-istered ......... 3 97 - 9 7 96 - 96 Bt>ech Creek, 1st, .. 4 112¼-112¼ .... - .... 111 -111 - ... 111¼-111¾ .... - ........ - .. .. Cl. Bitum. Coal, ht.4 ... . - .. ..... - .... .... - .... 92½- 92½ Moh. & Mo.I., Inc. 5 . .. - ... 99¼-109¾ 104½-105¾105%-108 107¾-110 110 -110),( N, .y .& Put,, 1 st,'93.4 .... ....... - ... . ... .. 10!1½ ·105½ - . . .. I .- ~:~;t t~:~~: g~:t::: 113¼-115¼ 114¾-115½ 115¼-116½ 114½-115½ 113 0 Reghte1·ed ... ..... . ... 4 L.S.&M.S,ld, cn.,cp.? 2d Consol., 1•eg... ? Gold, 1997... . .. 3 ½ Dot. Mon,& T,.lst.?' Mahon. Coal, 1st ... . 5 ~-1~tc1!"~t~ {s·;, !:~: ~ 1st. consol . .. ...... 112½-ll;J¾ .. .. - . ll0½-110½ lO!l,4-109¾ - .. . . - ... -115¼ 113).(i-115½ 111 -1is½ ii2%=1is¾ iia =1{:i¾1~272=1is}2 112¾:us%~~!*~~!¼ 113½-115 114¾--115½ 113½-115 114 -115 l U -lH¼ 110½-114 lll½-112½ 112 -113 112.l,ii-113 112½-113½ lll¾-113% llQ¾-110¾ 110¾-110¾ .. .. 108½-108½ lOS½-108½ 108½-108½ ... - .... 109½-113 . .. - . . lOi¼-107~ . .. . - . ... 110¾-llG¾ .... - .... 111 -111 . .. - .... .... - .... ... - ... 109)4-109¾ ... - .... 10;}¾-lOIJ\}8107¼ ·10iJ,a L09J,a-109¼ . ... - .... 110 -110 110¼-111¾ 108½-108½ 108¾-108% 109 -109 109 -110 108½-110¾ .... - .... 107½-108½ 117 -li7 ... - ... . .... - ... 117%-117¾ . - ... . ... - ........ . .. - ... .. ... - ·........ - .... ... . 1128 -128 ... - ... • ... ... - •... •·· - ........ - ...... . - •·· 105¾=105¾ io5%= 106¼ 5 l02½-102½ 102%-103 1909...... ...... . ..... . 6 119 -119 . ... 1931 .. ..... ... ..... ..... i 127%-12i¾ . ... Relllstered ........ 5 ... 1940 .... . .. ..... ........ ,J - ... . N. Y. & No., 1st ..... il 121 -122 R. W .& o., con., 1st.a 126¾-127¾ .... - ... . ~~~~=~~:~ io67,=l06¾ io2¼=10S¼ . : : : = : : : : ios\¼;=103% ios¼=104¼ 1MJ.a=l04¾ io~½=101½ 1o·;J,a=1oi~ 1ci;½~1oi¾ 103 -103¾ .... - ........ - .... 102 -102 101%-1011-l . .. - . 100¾-100¾ .... - ... . 118¼-118½ .... - .... 118¾-119 .... - ... 118~-118¾ - .... 130¾-130¾ .... - .... 131 -131¾ 127 -12i 130 -130 - .. •· 125 -125 . ... - .... 110 -110 110 -110 - ... 122½-122½ 128¾-128¾ 125¾-127¼ 125½-126 126 -126½ 126½-127 126¾-127¼ 128 -129 125¾-12514125½-126 126 - 126¾ .. .. 110¼-llOx 108 -108¾ 108 -109 108,½-109),a 106 -107½ 107¼-108 107 -107¾ 107¾-107¾ 107 -108 107¾-108),a 106 -107 107%-108 107 -103 . .. - ...... .. - . . . . . . . - .... 107 -107 .. .. - .... 106 -106¼ . .. - .... 106 -106 105 -105 - ... 107 -107 .. .. - .... 102 -102 - .... 100 -100 J 196½-198 197 -193½ 197½-200 196 -198½ 199¼·201) 199½-202 203 -203½ 203 -203 202¾ 203 201½-202,½203 -206 206 -206 ... - ... . - .... 134 -136 - . ... 134½-134½ . ... - ... . 134%-134¾ .... .. . - .. . - . . . 110 -110 . . . . - ... . 108 -108 10~-108 106½-108 105 -106¾ 104½-105¾ 104 -105½ 10!1 -105 101¼-104½ 103),a-lOi}.\ 102 -103 102½-103½103½-104½103 - 104¾ Ut. & Bl. R., 192~ . . 4 N. Y. Ch. & St.L.-lst.4 Registered......... 4 N. Y. N. H. & H.-lst.4 Con.db, ct., all inl!l,pd. Housu.t., con .• 1937.5 N. Y. & N. E·ng,, 1st.ti N. Y. O. & W,,ret.,lst.4 N. Y. S. & W.-See Erie, Nort, & So,-1 ■ t. '41..;'i ... . - ........ - .... 111 -112½ .. .. - ... . 110¼-110½ ... - .... 112¾·112¾ ... Norf. & West.-Gen'l..6 .. .. - .... 134 -134¼ 1;34½-134½ 134¾-136 132 -132J.!i, .... - ... ... .. - .... 133 -133¼ 134 -~34 New Riv., 1st, 193:.>..6 132¾-133 . .. - .. . 133¾-133¾ 131 -131% ... - ........ - .... 134 -13!1 .... - ... 131¾-131¾ .... lmpt. & Ext,, 1934 .. t. .. . - ... 131 -132¾ . ... - ... . 133½-133½ ... - ... . 133 -133 133 -133 131 -131 129½-129½131 -131 N.& W. Ry,, lst,con .4 9f)½-100½ 100½-102¼ 102 -104 100½-102 100 -101½ 101¾-103 101¼-103¼ 101 -102½ 102 -103¾ lOQ¾-103 102%-lv3 102¾-103 Rea-lstered .. ....... .. 4 t03 -103 ~c. Val. & N. E., l ■ t.4 102½-103 102¾-102¾ 102¾103½ 103¾-103½ 101¼-102½ 101¾-102 99 -102 .... - .... 101 -102 102 -104 101 -102¼101¾-102 Col, Con & Term ... . . . .... - ........ - .... . ... - ... ... .. - .. .. . .. - .... 107½-107½ 107½-107½ . . . . - ....... . Nothern Pacific Ry.Prior lien . .. ............ 4 104¾-105 104%-105¾ 105¼-106 104¾-106 105 -106 105),a-106 103 -104>1! 104 -104¾ 104 -105 lOi -lOHi 1047-(-105½10418-105¾ Regil!ltered .......... . 4 . ... - .... 105}(-105¾ 104½-105¼ 105 -105 .. .. - . . . 104½-105 103¼;-103½ lUij);(-104¾ tO-i -104 lU4~-105½ 104}4-lOi¼ General lien, 2047 .. 3 69½- 71¾ 70¾- 71½ 71 - 72.½ 72 - 73% 70 - 73¼ 71¾- 73 72 - 73 71¾- 1278 71¼- 73 71%- rn¼ 7 .¼- 73 72¼ . 73¼ 'iO - 70 . . . . - .. . . 69 - 'it~,{ 70½- 72 71:1-,- ';2 Rei:i!!ltered ........ . .. S .... 72¾- 72¾ . .. . - . . . . .. . . - .. . . '100,½-100½ ~t. Po.ul-Dul, Div.-4 . ... - .... 102 -102 100 -100 99¾-100 St, Po.ul & No, Pac .. ti .... - .... 131½-131½ ... . - .... 131 -~31 128%-129 128 -128 ... - ... 129½-129½130½-130½ St. P. & Dul., 1931 .. 5 ... · - ... . 122½-122½ .... - .... 112 -112¼ 110¾-110¾ 114 2d, 1917 .. .. .... . .. .. ;, 117 -117 116 -116 . ... - ... . lll.½-112½ .... - .... 112 -112 11!1t, consol., 1968 . . 4 103 -103 102 -102 . ... - .... 100 -101 106 -106 .. .. Wash Cent,,lst.'4~.4 . .. - ... . 9!1%- 94% No. Pac, Te1•, Co-l!!!t.. (. ll6 -116 116}4-116¼ 116½-116½ 115½-116_l.6117¼-117½ 117¾-119 115),a-115),a 115½-116¾116 -116 ll7 -117 117 -117 117½ 117½ Ohio Rlv.-Lst, 1936 . . a .... - .. ~. 112 -112 .... - ........ - ........ - ... . 112½-112½ .. .. - .. . . .... - .... .. Or. RR, & No.v. ~ See Or. Ry. & Nav. Unioll Or. ~hort Line, Pac. Pacific Coo.st Co.-ls, .;) 108 -110 109 -109 109 -110½ 108 -110 109 -111 108½-lll 110½-110½ 109 -109 109 -109¾ 109 -110½ 110¼-113 111 -111),( Po.no.ma-1st, s. t .... 4J.t l04 -105 ... . - .... 105 -105 103 -103 102 -102 .... 105 -105 . ... - ........ - .... 105 -105 103¼-103~S Pennsylvo.nla Co.1st. coupon. .. ...... 4J... ll4¾-115 114¼-115 114½-115¾ 114¼-115 114¼-115¾ .... - .. . 112 -112 - .... 112¼-112½ 112½-113½ 113¾-114½ .... Reghte1·ed . ....... 4x 113¾-113¼ .... - ... . ll!l½-114½ 113 -113 1109,(-11()¾ 110½-110¾ .... - .. .. . .. - .... ll2 -112 112¼-112½ .... Guu.r., 1941, Il .. ... 3 ).{ .... - .. . .. ... - ........ - .... .... - .. ..... .. - . ... 98-98 C.St.L.&P ,lsL.'32 .. 5 ... - . .... ... - .... 126¼-126).a 122½-122½ ..•. .... - .. . , .. . - .... 123,½-123½ 121¼-121¾ 122 -122 123 -123 P.C.C.&St.L.,Sr.A4J.. 116¾-116¾ .. . - .... 116½-118 114),(-114¾ .... - .. .. 114 -114 - .. •· 114¼-114 4115 -115 Series B., 1942 ... 4~ 115½-115.½ 117).a-117¾ 117½-117¼ 115 -115 . ... - .... 113 -113 114 -114 .... - . . 114¼-114¼115 -115 Sedes C, 1942 .. 4'1 .... - •.. . 116¼-116½ .... Serles D, 1945 . ... . 4 .. .. - .... 106¾-106¾ .. .. - .... 106¾-106¾ . . Series E.1949 .. . JJ... .... - .. . . 1,9½- 99¾ 97 - 97 . .. • Pitts.Ft. W.&C., 1st. 7 . ... - .... 136¼-186½ .... - .... 1S6¼-136¼ . . - •.. 132¼-132½133 -133 .... - •.. 133 -133 2d, 1912 ............. 7 ... - .... 135 -136¼ .... - .... 132½-132½ -1i,i" .... 3d, 1912.............. 7 136%-136% .... G.Rap.& l,,lst ex.4-½ 112 -112½ . .. Penn. RR., r, est.' ,3.4 . . . - ... . ... P.& E.-See C.C.C&S.1. Peo,& Pekin Un.-lst.ti 133¼-183½ .... l"ere MarqquetteFlint & Pere Mo.rq .. (l 126 -126 127 -127 1st cons., g,, 1939.a 108 ,-108 - .... Pt. Hur. Div., 1st . . n 109 -112¼ 113 -115 P,C.C,&St.L-See Pu.,Co, <Pittsb • .Junction-lst.. t> ..•• - ........ Pittsb.Sh,&L.E.-lst.5 116¼-116¼ 118 -118 Plttsb. & West,-lst .. 4 .. .. - ... . 100 -100¼ J • P. M. & Co, ctfs..... 98 - 98 lOOJ,a--100¼ P. Y &Ash •• 192'7 .... t) .... - .... 121 -121 Readina--Gen., 19~7 .4- 92½- 95 93%- 95¼ Rea-istered . ........... <& •• •• - .... . ... - ... . Rich. & Danv.-See ~o. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - • . .. 12:,¾ · 130 .. .. 109,½-109½ .... .... 113 -114¼ 114½-114½ 112 -112 114½-115½ 112½-112½ 111 -lH 112 -112 - .. . 115 -115 114 -114½ . ... - 11S%-113¾ .... - ••.. 11794;-117¾ 116,½-116½ 118 lOOJ,a-100¼ 100½-100½ .... - . ....... - ... . 99 - 99 .... 100½ 100½ 10, ¾-100¾ 100%-100¾ .... - .... 100 -100 100 121½-121½ .... - ........ - ........ - ........ - ........ 93%- 95¾ 94¾- 95% 1:13½- 96½ 96½- 99 94¾- 97 95 . ... - .... U2 • 92 - ........ - ... . 112%;-112¾ 114 -115¾ .... - - .... 120 -120 -118 118½-118½ . ... - .... 100¾-100¾ 100½-101¼ ... -100 . ... - .... .... - ... . 101¼-101¼ 101½-101¼ - 96 95 - 96 9i¾- 97¾ 97¾- 99¾ 98½-100¾ - RAILROAD BONDS. . 9'7 19.~ l-Continued. JANC'ARY FEBR'RY. BONDS. MARCH. APRIL. - - - - - - - - - - - ---'-- MAY. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER . NOV'BER. ---- - - - - - - - - - - ---- - - - - - - - - DEC'BER. Low .High Low.High Low.High Low.High Low.High Low.High Low.Hig.11 Low.High Low.High Low.High Low.High Low.High Rio Gr. West'n-lst ... 4 98½- 99¾ 99½-100¾ 100 •101'¼ 101 -101¾ 100½-101½ 101 -10884 100½-102 100½-101½ 100½-101 100½-101¼ 100¾-102 101¼ 102 Mort. & coll. tr., A ... 4 .... - .... 93¼- 93½ 94½- 94½ 95¼- 96¼ .... .. 96 - 96 ••.• 96 - 96 Utnh Cent., 1st, '17.. 4 ...• - ........ - .. .... . - .... 90 - 90 Rio Gr • .Junct'n-lst .. :i ... - .... 105 -105 ...• 81 - 81 Rio Grande So.-lst .. 4 .... - ... 80,½- 80½ 81 - 84 ts3 - 85 83 - 81 . . . . 82¾-- 84 83¼- 84 .... 82¾- 82'% .•.• Guar., 1940 ....... 3-4 92¼- 92¾ 93 - 93 93¼- 93¾ ... - . . . . 94¼- 94\,! .... - .... · 92%- 92¾ .... 93 - 93 . 93¾- 93¾ 93 - 94 R. w.&0.-SeeN. Y.C. Rutl'd-Uanad'n-lst .. 4 - .... 101¼-101¼ .... filt.J .& G.1.-lst' 41.3•4 89½- 91 91½- 93¾ 93 - 95 · 94½- 95¼ 94 - 95 97 - 9S 95 - 95 95 - 95 94 - 95½ 93¾- 95 94 - 95 05 - 95 8t.L.&J.M.-Seelll.Pac. St. L. & San Fran.Class A ............. ... 6 .... - .... 112¼-112¼ ..• - ........ - .... 112 -112 - .... 111 -111 Class B, 1906 ... ..... .. 6 111¾-112½ 112½\-112¼ .. . - ... . 112¼-113¾ 112¼-114~ 114¼-114¼ .... - •... llO -110 Class C, 1906 .......... 6 111¾-112 111 -112 112¼-112¼ 118½-11'8¾ llZ¼-114¼ . ... - ........ 110 -110 General, 1931. .... .. . (i 127¼-128½ 129 -130 130½-132 182 -183 134 -135¼ 136¼-136½ .... - ••.. 125 -128 128¼-128¼ .... - .... l31 -133 133½-133½ General, 1931 ........ ~ 112½-114 114 -117 116½-117¼ 117¼-118 117¾-119 119 -119 115 -116% 114 -115 115 -115½ 115½-116 116½-118 116 -117 St. L. & ~. F. U.R.-g .. 4 91¼- 95½ 95½- 97½ 96 -100 93½-101½ 100 -102 - .... 96½- 96½ ... - . .. Refundinar, 19.11: .... 4 ... - .... 9i½- 98J.,. 97½- 98¾ 97¼- 98½ Cent. Div., 1st, '29 . . 4 .... 96 - 96½ 97¼- 99¾ 9)½-100 N. W. Div., 1930 .... 4 .... 08½- 98½ 97 - 99 100 -101 102½-102¾ .... 106,½-lOil½ . . . S.W.Dlv.,194-1 . . . 5 ... 87 - 87½ 8~¾- 90¾ K.C.Ft.S.&M.,ref.4 .... - . . . 123½-123½ K.C.Ft,S.&M..-Con.6 .... St. Louis Southw'nlst, 1989 . ........... .... 4 95¾- 98 97¾- 99¾ 9Gg.{- 97¼ 96 - 97 96 - 98¾ 97¼-101½ 98½-100 95¼- 98¼ 95¾- 99 96¾- 98¾ 97 - 9i¾ 96¾- 98 2d inc., 19S9 ....... ... 4 71 - 76¼ 76 - 80!,,s 76¾- 81¼ 79)4- 81~ 76 - 81 77%- 'i9% 79 - !:lO½ 79 - 80 80¼- 82¼ 75 - 80 74¼!- 77¾ 75 - 80 St.P. & Dul.-SeeN.Pac. I !!4t. P. Minn. & lllan. - .. 1161}.(-117¼ 115¼-115¼ 116 -116¼ l16J1j-l16J1j 2d mort., 1909 ..... .. 6 118½-118% 118%-118½ - ...... - .... 1S9¼-141 1st, consol., 1933 . .. 6 141¾-141½ 142 -142 141 -141¾ 140%-141½ 140¾-140¾ 140:J,.£-U.O¾ 13'J -139 - .. .. 140 -140 - .. .. 114¼ 115 114 -114½ 11(1 -116 115 -115½ Reduced to ....... .. 4½ 114¾-115% .•.. - .... 116)4-116¼ . ••• - .... l15¾-116½ 113 -114 , Rearistered .. ... .. 4.½ .... - . . . . . . . - .... 116¼-116,l,s Dakota Extension .... 6 119¾-120 120 -120½ 120¼-120½ ... 116 -116 llfl¾-116¾ 116 -116 116¼-116½ . ... - ... . 117½-1183,4 116 -116h 116 -116¼ M.ont.Ext.,lst,1931'.4 103%-103½ 105 -105 106¼-106½ 1Q6¾-l06¼ 103 -107¼ 105 -105¼ .... - . . .. 105%-105% 102½-105% 105¾-106¾ 105½-105½ Reaiste1.•ed . ......... 4 . ... - . ... 106 -toll E,)linn.,lstDiv.lst.;'.i 109 -109½ 110 -110 . . . . - .. . 107½-107½ ... - ... lOo½-106½ 107 -107 .... - ... 108 -108 106 -106 .... - •... 106¼-106¼ Mont.Cen.,lst,1931.U 132 -133 134½-136½ 136¾-136¾ .... - .. .. 140 -HO - .. .. 1~9½-140 . .. lst,guar., 1937' .... 5 .... - .... 122 -122 121 -121 121½-121½ 122 -122 - .... 121 '121½••·· - ... . l24 -124 S. A. &A.P.-See 8 Pac. S.Fe Pres.& Ph.-lst. ~ 104. -104 . •.• - .... 111 111 ' S. Fr. & N. Pac.-l8t .. 5 ... . - .... 110,½-110½ •··· - .... lll½-111¾ .. . - .... 113¾-113:)4 Sav,Fla.&West.-lst.fi ... . - ... l28 -128 St. John's Div., lst .. 4 . .. . - ... . 94 - 94¼ ..•• !J5¼- 95¼ . ... Ala. Mid., 1st, 192S./j .... - .... 106½-109¾ .... 111 -111 Br. & W ., 1st, guar.4 87 - 87 ...• - .... 87 - 87 . ... Sil. !Sp. o. & G., l(U .• 4 .... - • . • . 91¼- 91¾ .. . . 100 -100 Sodus Bay & So .-1 st.5 S. C. & Ga.-See South' n Soutlie1·n Pacific Co.2•5-yea1.·, 1905 .... 4½ 98¾-- 99½ 95%-100¾ 99¾-101¼ 100½-101 100 -101¼ 98¼ - 99¾ 98¾-100 99 -100½ 99½-101 100½-101 101 -101½ 98¼- 99½ Collat. trust, 1949. 4 83 - 86>1, 86¾- 95½ 92 - 93½ 91¾- 94¾ 89 - 95¾ 03 - 94,li 90½- 93¼ 9◊)'\ii- 92¼ 90~.1- 1,2¼ 91 - 94 IJ3%- 95¼ 91¼- 93½ Reais1ered ... .... .... 4 .... - ........ - ....... . - . . . .. - ....... - .... 89 - 89 Au, & N. W., lst ...... 5 96 - 9:>½ 98¾·105¼ 103½-105½ 104½-lOfl t05 -108½ 108 -111 - •.•. . ..• Ven. Pac., 1st, ret,g.4 100¾-102½ 100 -101% 100%-101½ 100%-101¾ 100 -101½ 101)4-102¾ 102½-103¼ 100%-101¾ !00½-101½100¾-102¾ 101%-102\¾ 101½-103¼ Mort., aru., ar.,'20.3½ 83¼- 85½ 85¾- 88:Hl 87'¼- 89 85 - 89½ 88 - 88¼ 87 - 87¾ 87¼- 87¾ 87½- 88 86 - 87½ 86¼- 8:3 87:,s- 88'¼ 85¾- 87 G. H. & S. A., lst .... 6 . ... - .... . .. - ... . 108½-108½ 111 -112¾ 113 -113 113½-113½ ... - ........ - ... 109½-109½ 111 -111 2d, 190:i........ . ... 1 .... - .... 107¼-107¼ .... - ... - ....... - .... 107¾-107¾ 106 -107 M.. & P . Div., 1st .. ~ 100 -100½ 100¼-104 102¾-105½ 105 -106 103½-104½ 104 -106¼ .... - •... 105¼-106½107 -107¾ 107½-107½ ... - ... . .. Gila Val. G.&N .,ist.l> 105 -106¼ 105½-106¾ 107 -107 .... - .... 105¼-105¼ 105 -105 - . . ...••• - •... 108 -108 , . . - ... 106 -106 H. E.& W.Tex.,lst.~ 106 -106 106½-106½ .... - ....... - ... . .. - .. . ~106½-106½ ... Rous.& Tex.C., 1st.a 110 -110 110 -111½ 112 -113 111½-112 111½-113 111½-113½ 110),<j-110½ .• •• - .... 110¾-111¼111 -112 111%-113 l12¾-113 Consol., g., 1912 ... ti ... - .... 110½-111½ 111½-111½ 111¼-lll¼ .... - .••..••• - .... lll½-111½ ,110 -111 lll¼-112 General, g., 1921. .4 86¼- 86½ 89 - 90 90 - 95 94 - 94 91½- 92¼ 92½- 92½ 89½- 89½ ...• - .. . 89 - 91 91 - 91 92½- 93 Waco & N. w., lst.6 .. . - ....... 126 -126 Morg. La. & T., 1st.? 137½-137½ .. . - . . 136 -13ll .... - .... 137 -137 ..•• 1st, 1920.. ....... ti ... . - . ... 125 -125 .... - •••. 123 -128 Nortb'n Cal,, 1938 .. ~ 113 -113 Orea-. & Cal., 1st ..... ~ .... - ... . 106½-106½ 105½-107 - .... 105½-105½ .. .. San An. & Ar. Pass.4 777/4- 81¼ 81 - 85¾ 85 - 88 84¾-- 86¼ 82½- 88¼ 89½- 91¾ 84½- 88¼ 85¼- 86½ 86 - 87 85 - 87¾ 87 - 89¾ 89 - 89¾ So.Pac.,Ariz'na,lst.6 111 -112 lll½-112 .... 110½ 111 111¾-lll¾ 113½-114½ .... - ..... ... - .... 110½-111¾ .... - .... 112½-113 So. Pac., Cal,, l!J0J.6 108½-111½ . ... - . • . 108,½-108½ . ... - .. . 107 -107 107J1j-107¾ 1st, 190:i, n., ... .ti .... 108 -108¼ . . . . 106~-106¾ . . . 1st, 1906, C, &D .. 6 .... - ....... 109 -lOt! - ... . 108 -108 108½-108½ . . . • l8t, 1912, E. & F .. 6119 -119 120 -120 ..•• S.P., Cal.1st, consol., stamped, 190.1-37' .5 106¾-108 108¼-108½ 109 -109¾ 109½-109¾ 106½-108 10,¾-108½ ...• - •... 108½-109½ 108¼-111 110½-lll 109 -109¼ 109 -109¾ S. Pac., N.Mex., lst.6 .... - .... . ... - ... . 110 -110 110 -110 - . •.. 112 -112¼ .••• - .. .. 114¼-114¼ T. &N. O., lst, '0~ .. 7 .... - , ... 110¾-110¾ .. . - .... 110 -110 .... - ... . Consol., ar .. 1943 ... :i 103¾-105~ 105¾-107% 1C6%-107¾ 107!1,!-109¾ 107 -108¾ LOS¾-111¼ 108¼-108¾ 8outhernlst, consol,, 1994 .... ~ lll¾-115 115 -116½ 115½-117½ 116 -118 115,½-117¾ 117J1j-121 115¾-119 115¼-118 115½-117½ 116½-120 ll9'¼-121 L20 -124½ Rearl•tered .... .... ... O .. .. - . .. litl -119 117¾-117¾ .... - . .. 120,4-120¼. .. Memph. Div .... 4•4½-~ 109 -109 - .... 109 -110,½ .. . . - . . . . . . . . - . . . . .. . . - . . . . 112 -112 . . . . St. Louis Div., lst ... 4 .... - ........ 96½- 98,½ .... - • . . . 96 -100 100 -101 100½-101 Ala. Cent., 1st,' 18 .. 6 .... - ........ - .... 120 -120 Atl, & D., 1st, g,'4S.4 93¼- 93½ 93½- 94 94 - 94¼ 91¾- 95½ 9!½- 95¼ - ... 95 - 95 93 - 03 Col, & Gr., 1st, '16 .. 6 .... - .... 120 -120 119:)4-120 - ... 121 -121 E.T,Va.& Ga., Div.. ~ 117½-117½ .. . . 120 -120¼ . . . 117½-118 .... - . . 118½-118%119 -119 Consol., 1st, a-........ :i 118 -119¼ 119¼-120½ 120 -120 120,4-121 117 -118¼ 117½-119½ 119¼-119¾ 118 -119¾ 118¾·120 119 -120 118 - lHl 119½-120½ E.Tenn,reorg.lien.4-a 113)4-113¼ 115 -116½ ll:!½-114% 114½-114½ ... - .... 114 -114¾ .... - .... 114¾-115 111% 112¼ 113½-113½ ll3¾-114 Ga, Pac., 1st, gold ... 6 . . .. - .... 124½-124½ 127 -12i¼ .... - .... 127½-127½ 128 -128 .... - . .. . li7¾-127¾ ... - .. . 128 -128 128 - 128¼ Knox. & o., 1st, g ... 6 124¼-124¾ 127 -127 126 -127 127%-129 . .. - ... 12i½-128 126 -126 127,½-127½ M. & o. col. tr.,' 38.4 .... - • • .. 95 - 9~ 95 - 95¾ 115 - 98½ 97 - ll7½ Rich.&Dan.,con.,g.6 122 -123 122¼-123 123 -123 123 -123¾ 122¾-123¼ 124 -124½ 121 -122¼ 122¼-123.½ 122 -124 123 -123 123 -124 123½-123½ Deb,, 1927, stamp . a . ... - .. 109¼-109¼ ... - .... IOU -109 - .... lllj,g-111½ . ... - ........ HOi¼; 111 110 -110 So. Car. & Ga., lst .. a 106 -108 108 -108 ..•• - .... 108 -109 108 -110 109½-110 108)1\-108½ 108½-109 108 -109½ 107 -108 lOi,½-108 Va, Mid., ser. E,'26.~ .... 114 -114 General, 1936 ...... :i 114 -114 lH -116¼ 115½-115½ .... 113 -113½ 113 -116 115 -115¾ 116 -116 116 -116½' 117 -117 !!!tamped .... ........ :i . . . . -116 . . .. - •... 115 -115 - .... 116 . 116½-116½ W. N, Car., 1st, con.6 .... - .... 119 -119 110 -110 116 -1 UI½ 120¾-120¾ . .. . 120½-120½ 120½-120½ Terw'I Ass'n of !St, L.bt, 1939............. .4¾ . . . . 116 -116 - .... 113½ -113!.<. 114½-114½ ... 1st, consol., 1944 .... a 115½-111½ ... . 115 -115 116 -116 115¼-115½ . . . . 116½-116½ . . . • St. L . Mer. R'11e Ter.;'i . . . . - ... 11!'> -115 13 -114 .... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 98 RAILROAD AND MISCELLANEOUS BONDS. 190!-Continued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. - - - - - - - - - - - - - -·-------·---Tex. & N. o.-see So. P. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV' BER. DEC'BER. r~ow.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High L ow .High Low.Bigh Low.High - - --- --- ------- --- Texa ■ & PaclflcDiv., lst .....6 .. - . . . 104 -104 . ••. - ••. . .... - .... . . . . - ....... - ........ - .. . . ... . - .... . ... - .... . ..• - ... . .. - . ... . ... - •..• 1st, gold, 2000 ........ ~ L15¼-117 1161Jd-118½ 118¾-121) t19 -120 119 -120½ 118½-119½ 118½-119 118½ 119 119 -119½ 119 -120 119½-12()¾118¼-119¼ - . . 92½- 97 95 - 95 95 - 98 96½- 99½ 99 - 99 'Id, ,i., Inc., ~000 .. .. . ~ 90 -100 ...• - . . . . 90 - 98 95 -100 91) -100 . . - . ... ... - ••..... - ... . La.Dlv.B . L., tst, ,i./i ...• - ... .. ... - ... .. ... - . . . . .. - .... . ... - ... . 110¾-111 .••. - ••.....• - ••. . .•.• - .. . Toledo & Ohio Cent'l-115¼ 115 -116¼ ..• - .. .. 114 114½-11411, -114 lU -113 113 -116 ll5 114½-115½ -117½ Ll5 115½-117 -116½ 115 -116½ ht .. . ................. ... :i 115 . .. - ... 113 -114½ .... - . . . . . . - . . . . .. - . . . . 112½-112¾ . ... - •.•• West'n Div., lst ...... :i 115)4-115¼ .... - .. . . ... - •.. . . . - . . .. - . ... Gene1·al, gold, 193~.:, 105½-106½ 106¾-106¾ . ... - .... 106½-107½ 107¾-108½ 103 -106½ 107 -107¾ 108_!.s -108¼ t05 -105½ 105 -107 L07 -107 96½- 97!,§ 96)4- 96½ 96¼- 97¾ 97 - 98¼ 97½- 93¼ 96 - 96 97½- 97.½ 96 - 96 97 - 98 97 - 99 97 - 97 Kan.& M.,lst,,iu.,g.4 ~5 - 98 Toi. Peoria& West.92½- 93 98 - 1:15 92½- 94 93 - 94' 92½- 94a 91 - 94 93¾- 94 93½- 93½ 93 - 94 92 - 91 88 - 88 1st, 1911.......... ..4 86 - 87 Toi. St. L. & West'n- . . . 88 - 89¼ SB½- 92½ 91½- 91½ 90 - 91¾ 91¼ - 91¾ 90¾- 90½ 88 - 90½ . . . . - . . • . 90 - 91 . . . - .. . 92 - 93 Pri or lien ..... . .... 3½ :i0-year, 1r.. 192:i ... 4 . ... - . . . 73 - 78¾ 78 - 85½ 82¼,- 84':Ji 82 - 85¾ 84 - 85¾ 83¾- 85 83)4- d5 83M- 85 81 - 82 81)4- 83½ 81 - 82¼ .. . - ... . 98½- 9S½ .••• - .. .. ... - .....••. - . ... 100 -100 99 -100 Tor. H. & Buff'.-lst . .4 98 - 99½ .... - . .. . 98½- 9J% 98 - 9Q¾ .. . ... - .. . . 108 -108½ 106½-lOu½ 108 -108 109 -109 108 -108 109 -109¾ lu9¼-109>£ Uls. & Del.-lst, con . . J 107 -108 108 -108 . ..• - . . .. 108 -108 Unlon Paclfic:i0-yr., a-old, 1941.... 4 105 -106½ L05¾-106¾ L05¾-106l-<! 105¾-106',,. 10,; -106 105½-107 103½-105 103¾-106 LO¾ -106 104% 106 105%-106¾ 104%-107¼ - .. 104½-104½ ... - . .. 105¾-105¾ lO:l>1>,-104J,4, Registered ........ ... 4 106%-106% 105 -105 LO!½-lOi½ lOt -1U5% 104¾-105¼ 105],g-106¾ .... - . . . . 1st lien, conv., 1911 4 ... - .... 103¼-108% 103 -105¼ 103½-119¾ 1J3½-1~9 109)4-115¾ 104½-112½ 105¼ 108¾ L04½-1083-t, 105¼-108½ 106½;-109½104½-106% .. . ... - ........ - ....... - ... 110 -112¼ .... ... . . . . .. . .. Or. Ry. & Nav. lst .. ti .. . - ... 110 -110 . ... - .. . no -110 Or. RR. & Nav.,con.4 103 -104¼ 108)4-104¾ 104' -104¾ 104¼-105¼ 104¼-105 102¾-lW 101¾-103 102½-108 t02 -103½ t02¾-104 103¼-104' 101],g-102¼ Or. Short Line, lst .. 6 129)4-130 126¾-128 127½-128% L28½-129 127¾-120¼ 128¾-129¼ ,127 ·129¾ 125 -125~ 125 -127 120¾-127 127¼-129 127¾-129 Or. S. Llne,lst, cons.:i 115 -116¾ 116 -116¾ 115¼-117 116¼-118 117½-118½ l18 -121 117 -118½ 117¼-118% 116½-117 117 -117¾ 118 -120 119 -120 . ... - ... . . . . - . .....• - .... 103!1;-103½ ., .• - .... .... - ... . . ..• - ... . ... - .. . . . ... .. . Non-cum.,inc,"A" .:i 106 -106 . ... ..• - ........ - ... . 117 -117½ .•• - . . . . . . - ........ - ....... - ... . .... - •......• - .. . Utah&No.,lst,'08.7119 -119 119 -119 119 -119 .. - .. .. .... - . . . . --- - . • . . .. - . . . .• - •. . . .•• - ... . . . . . .. . . .. . .... ........ . -113 113 . . •• • • • • •.• 1> 1926.... .............. Va. Mld.-See Southern. Wabashlst, gold, 1939 ........ 1) l18 -119½ 119 -119!'4 119 -119¾ 119 -120¾ 117 -118½ ll'n,4-119¾ 117½-119 117%-119 1.19 -119½119 -120½ 117½-119 117¾-119 2d mo1•t., irold, 1939.:i 108 -110 108¼-112 109 -110½ 110 -110¾ 110 -110¼ 111 -114: 112 -114: 107½-110½ 110 -lll 110¼-111 U0¼-111 111)4-115 98 - 99½ ..• • - •... . ... - .... . ... - . ... 98 -100½ 100 -100¼ 100 -102 Deb. me., 1939, A .... 6 96¾- 99 99¾-102½ 100 -101% 100½-100¾ .. .• Deb. Inc., 1939, B ... . ti 40 - 47¾ 46½- 59¾ 53¾- 68% 61¾- 66¼ 53 - 69~ 64)4- 'iO 58 - 67 60 - 65% 59 - 65¾ 55%- 62¾ 08¼- 62¾ 61%- 67¾, ... - ... . •.• - .... ... - . . . 110 -110½ .... - . .. 110 -110 110¾-110¾ ... . - •...••• - ... . 111 -111 111 -111 D. & Ch. Ext.J940 .. 1> 110 -111 . .• - ... . . .. - ••. 98 - 98 . ... - .... .... - .... 97 - 97 98¾- 98½ . .. - . . Des M. Div., 1939 ... 4 95 - 95 95 - 96¾ ..• - ... . 97½- 98 !St. L. K. C. & .N 0..... - ••. . . .• - •... 110 -110 uo -110 .... - ... . ••• - .... 110¼-110¾ ... - .... 110 -110 U0¼-110½ 1 St. C. B'ire,lst,'0S.6 ... - ... . 112 -112 West. N. Y. & Pa.l11t, 1937 ... •..... ·· .. ·• ' ii 120 -121 12()¾-121¼ l21J4-122 t21J4-121% 120],g-120¾ L21 -122 119 -119% 119 -119¾ l19 -120 L19½-120¼ 120¾-121 121 -122 98½-100¼ 99¼- 99¾ 99 - !foll( 100 -100 ...• - .... 99¾- 99¾ 99¼-100 Gen'l, 1943, gold.. 3•4 95 - 99½ 98¾- 99.x 98½-100½ 98¾-100 98 - 99 - ........ - .. .• Incomes 1943 . ..... . .. ~ .. .. - .... 31 - 82 4:0 - 40 ... - .... . ... - . . . . .. - ... .... - .......• - ....... - ....... - ••.. 113½-113½118½-113½ ... - . . . • . - ....... - .. . .... - ... .... - .... .... - ....... - ... . . ... - .... .... - •.•• W.Va.C.&Pitt.-lst.ti .... Wheel. & Lake Erle1 st ........................ :i 115 -116¼ 116¾-117 116 -117½ L15 -115½ 114 -115 L16 -116 l15½-115½ ... - .... . ... - .... L12 -112 ..•• - .... .... - .. . . .. - ... . ... - . .. . •.• • ........ - .... . .. - •... . ..• - .... .... - ... . Wh.Div.,lst, ll.,'28.:i lll¾-111~ lll¼-113 114¾-116¾ ... - ••.. 112 -118 ... - ••..... - •... .... - •... .... - .... . ..• - • .• . 113 -113 Ext. Impt., 1930 ..... ~ ... - . .. ... - ....... - ... . .. - ........ - ... Ll2 -112 92¼- 94 90 - 93¾ 90 - 91½ 91 - 93)4 Ill - 92 92!>9- 94 91½- 94 91¼- 98½ 90½- 94' 1st con., 1949 ....... .4 89¾- 91 89¾- 91½ 89 - 93 Wh1consin Cent'l Co.89!4- 91½ 88 - 91½ 89 - 92½ 85½- 89¼ 87 - 88½ 88 - 89½ 87¾- 88¾ 88 - 89¾ 89¼- 91~ ~0-yr. 1st, :i., 1949.4 85¾- 89¾ 88¼- 89¾ 87¾- 91 Ea■tern STREET RAILWAY. Brooklyn Rap.Trans.a B'klyn City,lst, con.5 B.Q.C. & IS., con. gu.a B'klyn Un. EI.,ht.4•a Kings Co. Elev., lst.4 Conn. l(y. & L.-lst.4½ De t.Ultizen!t-lst,con.a Metropol. Street Ry.. ... :i General......... B'y & ,-Lh A"T.,1943.~ Col. & 9th Av., lst .. :i Lex. Av. & Pav. F .. ~ Met. W • S. El. (Ch.) .. 4 Minn. St.-lst, consol.:i St. P. C. Cable-Con ... :i Third A venue (N. Y .)l ■ t, 1931 ... ....... · ..... ~ 1st, con., 11u., 2000 .. 4 107¾-109¼ 111 -112 ,02 -102½ 99¼-101¼ 89 - 90% 10~-108% 108¾-109 107 -108 107½-108 103¾-105¾ 104'½-106¼ 104¾-106½ 114 -114 .... - •.. . L12¼-113½ . ..• - ....... - ... . 114 -114, 115 -115 - .... 100 -100 ..• - ........ - ....... - .... .. - .... 102 -10~½ 101½-102½ 101½·103 t00¼-101½ 100½-101 LOO -101 100¼-101¼ 100 -101 92½ 90 - 90¼ 90 91 88½!)2½ 88 93¾ 91 94 92½92¾- 93~ . .. ... - ....... - ... L00½-101 100½-100¾ ... . .. . ... - ........ - ....... - ....... - ... . .. . ... .... - .... . .. - . .. . ... - • .. . .. - .... .... - . .. . . .. - ... 101½-101¾ LOI¾ 102 103 -103 ...• - . . . 108½-110~ 115 -115 103 -103 98 -100¾ 88¼- 90½ .... - .... ... - .. . .. 11\, -110 115 -115 LOS -103½ 98 -102 88½- ~3 101 -109 115 -115 103½-105¼ 101 -101¾ 93 - 95 120 -120½ 120½-121 . l23¾-123½ 122 -123 LOl¼-101¼ - . . . . ... - . . .. .... - .... 110 -110 - •. . . •.....• ....... .. . lll½-112½ 121½-122½ 11'7¼-120½ 119 -120½ 122¾-122¾ 121 -122 120½-120,½ L22½-122½ L24½-126 123 -123½ 123¾ ·123¾ 123 -123½ 121½-122½ LOO -100½ 98 - 93½ 100 -101¼ 107½ -109 . .. - ... . 100½-101 99¾-101½ 91¾- 94¾ 119 -120-}.j 120 -121 120½-121 118 -118½ 119 -120 LlS½-120 119 -120 119%-120¼ 120½ ·121 118]4-119 119¾-120¾ .•.• - ....... - ... . 121½-122 121½-121½118 -121¼ ... - ... . 121\1:(-121¾ 123 -123 123¾-123)4122 -123½, 122½-122½ L23 -123½ 122½-123 L22 -128 122!1;-123 . ..• - •.•. 122¾-122½ 121 -121 120 -122¼ 121¾-122¾ 122,, -122 101¾-101¾ 108 -103¼ 103¾-103¾ 101 -101¾ 101 -101½ 101 -101 101¾-102)4 L02 -102 .... - ..... . . - •.. . ... - ... ...• - •...... - .•. .. ... - ... . .. . - •...... - ..• .... - . .. . .. - ....... - •.•. ..•. - ........ - ........ - . .. 114)4-114¾ ... - .. . 124 -124½ .... - .... 125 -125 123¼-124 124 -124 125 -125¼ 123 -124 123 -123 .••• - •.•.••• - •... L28 -123 123½-126 104¼-105 104'¾-104'¾ 104¼-104½ 104 -104'½ 104 -104¼ 104 -lOt½ 102¾-102½ .... - •••. 102 -103½ 102 -103½ 100 -103~ l00¼-101¾ GAS AND ELECTRIC. Brooklyn U. Gas-1st a 116½-117½ 117~-117½ 117 -117½ 118 -119½ 115¾-119 116½ 118¼ 117½-118 118 -119 118 -118½117½-119 116 -116:Ji116 -117)4 Det. t!Jity Gas-19~3 .. ~ 9! - 97¾ 95¾- 97½ 98½-101~ 101½-103 101 -102 101!14-102¾ 96 -100½ 100 -100 98 -10~ 96 - 99 96¾- 97 W - 96 ... - ... . .. - •.....•• - •... 106 -106 .... - •.•. 105 -105 .... - ....... - ••• 102 -102 DetroitGns-Con.1 st.6 .. - ... . .. - ... ... . . - --- .... - .. .. 118½-118½ ... - ... . .. - .....• - ........ - ••...... - ........ - .... 118½-118½ ..•• - ••...... - .•• Eq.G.-L.Co., N.Y.'32. ..• - ....... . - ... .... - ... ..... - •..• ...• - .... 61½- 67 Ga■ & Elec., Ilerg Co.:i 101¾-102¾ 102 102¾ 101¾-102½ 101 -102¾ .... - .•.. 101 -101 General ElectricDeben., i. old, 1922 .. :i 155 -i59¾ 160 -176 180 -180 181 -185½ ... - ... .... - ... . . ... - ........ - .... . ... - ....... - ...... - ........ - .. . Kinirs Co. El.L.&Powti .... - ....... - ........ - ........ - ... 124¼-125½ 126)4-126¼ .•.. - ........ - ....... - .... 124' -124 123¾-124¼124~-124¼ Purcha ■e mouey. - .. . .... - .... . .. - .... .. ........... - ... . 96 - 96 117¼- 97½ Ed. El. Iii. (B'klyn). 4 .... - .... . ... - ... . .... - .... ... - .... .... Lac. Gas, St.L.-lst,:i.:i 107 -108½ 107 -108 107 -109 108 -ltO 107)4-108 LO'n,4-108 109 -109 107*108)4108 -108¾ 109 -110 108½ -109 107'2-108½ N. Y. El. Lt. H. & P.bt ......... ........ .... ... . a 108)4-110 109¾-111½ 111½-115½ 114½-115)4 114 -114½ 113¼-lH½ 114 -114,½ 112 -115 114 -116 114 -115 114¾-116 112½-112,i Pur. mon. col. tr., a-.4 94/J-.L- 97¾ 95 - 96 95¼- 97¼ 96½- 97½ 95¾- 98 97 - 98¾ 95 - 97;!:t 94~- 96 95¼- 961,i 95¾- 9i¼ 97 - 97¾ 96¾- 97¾ Edis. El. lll., lst,'10.5 109 -109½ .... - •• •. 107½-108 106¾-107½ 108 -108 107½-108 .... - ... . 109 -109 106 -106 105 -105 106¾-107 107 -107¼. 1st, con., 1995, ll ... a ... - ... .... - .... 121 -121¾ 121¾-121¾ ... - ..... .. - •.. . ..• - ....... - ...... - ... . .• . - ........ - ........ - •.. N.Y. & Qu. El.&. Pow.Con., a"old, 1930 ... .. 5 .... - ........ - ........ - ........ - .... 104 -104¾ 102¾-104½ ... - ........ - ....... - ........ - •.•. 102 -103½ 103½-104 People's G. L. ,1, CokP..• - ..• 104 -104 .... - • .. . ... - . .. 102711-102¾ .... - ....... - ....... - •.. ...• - ••. . •• - .... . ... - . •. 2d, guar., g., 1904, ... 6 103 -103 .••. - ....... - ... .. ... - .... 120 -123 1st, con., g., 1943 .... 6 120 -120 120 -120 124\1:(-125 .... - .... 124 -126 122¾-12-!½ .... - ... . .... . .. - ........ - •. . . ... - .... 108)4-108¼ Ill -111 Ll0½-111½ ... - •.• Ch. G.-L. & C., lsi .. 5 108 -108¾ 108½-108½ ... - ... . 108½-109 109 -111 - .... 108½-110 107¾-108 .... - ....... - •....... - .......• - . ... LIO -110 106¾-108 Con. Gas, 1st, 1936.a 104¾-106 106 -106½ 106½-107 ... - ... . 104½-104),,.; ... - . . . . ... - .... 102 -102 .... - ... .... - ... LO! -104 lU!l -105¾ ..• - •.. Equit. Gas & F .• lst.6 103½-103½ 104 -104 - .... 105 -105 .. - .... 105¾-105¾ Mutual Fuel Gas .. .5 102 -102 102 -10J· 102 -105 .. . . - ........ - .... 105~105¾ .... - .... 106 -106 Trenton Gas & El.1st: ... . - .... 109 -109 .... - ........ - .•...... - ... . ..• - ........ - ........• - ••.. ..•• - ........ - .... . ... - •.• ... .. - .. . j ··· C .... ···· - ........ - .... .... - ···· ···· - .. . West.Gas, col.tr . .'33.:i 107½-107½ .... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •···j •·· - •· · j· ··· - .... ···· - ····j··" - ····j·"· - .... RAILROAD AND 90 HSCELLANEOUS BONDS. 1901-Concluded. BONDS. JANUARY FEBR'RY. MARCH. APRIL. - - - - - - - - - - --- MAY. --- JUNE. JULY. AUGUST. 8EPT'BER O0T0BER N0V'BER DEC'BER. --- - - - - - - - - - - - - - - - - - - - Low.High Low.High Low.High Low.Hig-h Low.High Low.High Low.High Low.Hi11:h Low.High Low.Higl1 Low.Uigl Low.Righ --- MISC ELLA NEO O 8. Ad'!JP. ■ Exp1·ess-Coll.4 B'klyn Fe1·., 1st, cons.~ B'kln W.&W.H.-l~t-~ Ch. Jc. & U. St'k Yds.~ Det. IU. & JU. L. G ... 3½ N. Y. Dock-:iO-year .. 4 RR. Securities, •~1.3x 104½-106 106¾-109 104 -105 .87½- ES½ 84¾- 84¼ 86 - 91¼ 68 - 68¼ 68½- 78 69 - 71 .. .. ... .... - .. .. 111 -111 29½- 31h 30 - 33½ 31½- 35½ 104.!,s-106 105 -106 1047,(-105 80 - 91¼ 87 - 89¼ 89 - 90 72 - 77'½ 71 - 76¼ 70 - 74.¾ .... - ... . - ... . - . .. 31 - 32 32 - 33¼ 31¼- 35 104 -105 88½- 90 72 - 74 104.¼-105 103 -104 86½- 86½ 85 - 86 72 - 73 72 - 75 --- L03½-104½ l04¾-l05½ l04½-105 83 - 85 ... . - . .. 83½- 83 73 - 75y, 75 - 75~ 76 - 76 ... - . .. . ... - .... ··•· - ... ... - ·•· · .... 30 - 30 30 - 31 29 - 31➔.. 31½- 35 .... - ... . ... - . .. .... - ... -··· - ... . ·•·· - ... .... - . ... . ... - .... .... - ··· - ... - . .. ... - .. 93¾- 93'½ .... - .... .... - ... . ··• - ... ... - ... . ... - .... ... - .... .... - .... . ... - .... .... - ... 91¼- 917- 91¾_- 9lx - . ... ... .. - . ... 29 - 30 9:l - 94 91½- 91 30¼- 31 TELEGRAPH AND TELEPHONE. .. . , .... . ... - .... . ... .. .. - . .. ... - .. .... . ... 100½-100½ . ... - ... . ... .... - .. Comm'l Cable-lst..... 4 .... . . .... - ... .... - ... ... . ... 1tlet. Telep.&Tel.,lst.:i .... - ... . .... - ..... .... - . .. . ... - .... . - .. . .... . .. . ll4 -114 . - . .... .... . ... . ... 114 -117 ... . .. . - ... . . ... ... ll3¼-113~ . ... . .... .... ... - .... N.Y.&N.J. Tel., aren .. :i · ••· W. Union TelegraphCol. tr., cur., 1938... 5 111¾ 112½ 111¾-113 lll¾-115% 114 -114J\, 114 -115 114 -115 113 -113J.!! 111 -111 llli)s-112 lll¾-112 112 -113 L14½-114 .... ... .. .. .. .... - . ... .... .... Mutual Union, e. f ... 6 .. - . .. . .. - .. ... - ... 116 -116 .... - .. . 111 -111 . ... - ·•· · . ... Fund. & R. E., •~0.4¼ 105½-107 107½-lOi¾ 108¾-108% 109 -109 109 -109 , 107½-107½ 107¾-109 108½-109 107¾-108 107 -109½ 106 -107J._ 106½-108 - - .- . - - .... - .... ... ... - ... . .... ... - . ... . .. - - - - -· ... - ... ... ... - .. - ~ MANUFACTURING AND INDUSTRIAL. - . .. Am. Blcycle-S.f. deb .:i ... - ... American Cotton OilExtended. 191~ .... 4½ 99 -100½ 99¾-100¾ Am.B idc & Lea.-lst.6 92½- 92½ 92¼- 93 82 - 82 Am. Spirits Mfa.-lst.6 83 - 85 .. .. .. - .... Consol. Tobac., ~0-yr.4 .... ... ·• •· - ... Distill. of Am., 1911 .. :i .... - .... Gramercy Suaar-l8t.6 ... - ... III. Steel-Non-conv ... a .... - .... ... - .. lnteru'l Paper-lst .... 6 108 -109 105 -106 Nat.Starch M'f'g-l!!t.6 109 -110 107¼-109 .... .... - ... N.Starch Co.-S.f,deb.5 .... Stan. Rope & T.-lst .. 6 64 - 12¾ b2 - 62½ Incomes, arold, 1946.~ 8 - 12 7½- 11 U.S. Len.ther-Deb.s.f.6 113½-113½ 115 -115 ... - ... - COAL AND !RON. Col. C. & I.:_ ht, 1902.6 103½-104 Col. Fuel-1919, g ...... 6 .... ... Col. F. & 1.-Gen., s.f.~ 96!1,(-101 Tenn.Coal Iron & Ry.Tenn. Divlolon ...... .(illO -110 Blrm. Div., lat, con.6 108 -110 De Bard.C.&J.-Gu.6 103 -104½ 79 - 81 7) 82 80 - 82 75 - 80 75 - 75 70 - 70 60 - 69h 63 - 69 64 - 65 55 - 65 .... - ... . 100½-100½ 100¾-101 101 -101 99 -101 LOO -10 112 - 94 91 - 94 95 - 98 90 - 92 95 - 96 92 - 116 77 - 80 80 - 80 78¼- 79 .... - . .. . 80 - 80 75 - 78 62¾- 66¼ 63¾- 65 62¼- 66 - ... .... - . .. . .... - .. .. .... - .. 66¼- 67¼ 82 84 - 87¾ ~5¾:- 88 - Si - . ... .... - . .. . .... - .. . .... - . .. . 82½- 86 - .... . .. . - . .. . . ... - . .. .... - ... . .... - .... .... - . .. . . ... - ·-·· . ... - .... - . ... 100½-100½ .. - ... . ... - . .. . .... - . ... .... - . .. . .... - ... ... - .... -108¾ 108½-111 110½-111 108 -111 108¼-108l1! 108¼-109 108%-109~ 110 -112 -107 .... - .... 108½-108½ 108¼-110 . ... 109,s-110 107 -107 105 -105 ... - .. - 95 .... - . ... .... - ... . . ... - ... ... - ... . 91 - 94l¾ 92 - 93 100 -101¼ 101)4-101¼ 100 -100¼ 100 -102 94½- 96 00)4- 96¼ 95 - 96½ 94¾- 96 78½- 81 80 - 80 rn - 79 78¾- 81 .... .... - ... . ... .... - ... .... - ··• · .... .... - .. . 90 -100 .... ... - . .. 100 -100 .... . ... - 105½-108¾ 107¾-108½ . - ... 47 - 60 6. - 8 115 -115 ... . 108¾-109 109 -109½ 93 - 93!11; 59 - 61 8 - 10 114 -115 108 107 95 57 - 66 61 - 65 '77/4- 11% 9 - 12 .... - ... .... - .... , 51 - 59 59 - 68>11 60 - 58 54 - 58 50¼- 52;¾ 51 - 55 9 - 10½ 6½- 9 6 - 7 5¼- 6¼ 6 - 7,s 6 113 -113 . - . ... 114 -115 115 -115½ 112¼-112¼ 112¾-l12 ... .... - .... 101¾-101➔.I 103 -103½ · •• · - . ... 102 -102¼ 104½-104½ 101½-101¾ 101 -101 . ... - ... ... - .... . ... - .... ... - ... . .... - .... .... - .... .... - . ... . ... .... - .... .... - ... .... - ... .... - . .. -· ·· - · ··• -106 -. 106¼-106¼ . ij8½- 99 98 -100 ... - 100 -103 106 -106 103 -103 103 -106 101 -104 101½-105 -108 104 -105¾ 105 -106 - ... 109 -109 109 -109 105 -110 108 -111 - .. . 110 -112 107¼-110 108 -110 100 -101¼ 100¼-102 101 -101 102¼-lOi 103¼-103% 100 -100 109 -110 107 -107 111 -111 100 -101 .... 105 107 -109 100 -101 101¼-103½ 103 -108 .... . .... . .... - ... 101 -101 104 ... . - ••· 107 -108 ilO -111½ 111 -11i lOl¾-1021}.j IOJ½ -103 1902. BONDS. JANUARY FEBR'RY. MARCH. ---- - - - ---- APRIL. M..AY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BEll Di!:.; BER, - - - - - - - - - - - - --- --- ---- ---- - - - - - - - - - - - - - - - - - - - ----· - - - Low.Hip:h Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.H igh Low.High Low.High Aln.. Mld.-See S.F & W. go -100 g9 -100 99 -100 95 - 97¼ 97 - 98¼ 97 - 99 99 -100 99¼-100 99¼-100 Ann Arbor-] et, '9~,&r-4 95¾- 98 98¾- 99½ 97 - 99 Atch. Top. & S. Fe.General, gold, 199~.4 103¼-104¾ 103¼-104½ 104¼-105¾ 103 -104 103 -103\1:1 103¼-103¾ 103¼-104¾ 103¾-104~ lu3~-104~ 100 -102¼ \01¼-102 101 -102],( Registered ........... 4 103 -103½ 103½-104 104 -105)4 103¾-1C3~ 103 -103 102 -102¾ .... - ... .... - . .. . 104¼-104½ LOO -100 101 -101 l02~-102 89 - 9t 93¾- 94),4 93½- 9:l 95~.{- 96~ 9C¾- 92 9i¼- 97 9d¼- 97 95:>.!- 97 Adiustm't, Ir•, 1995, 4 !l2 - 95~ 93½- 9~ 93¼- 94¾ 94 - 95 Reiristered ........... 4 94¾- 9i¾ ·••· - .... 93½- 93~ 9i½- 94½ .... - .... - . .. ... . ... . . ... - .... .... - ... .... - . .. . ... - .. . ... 88¼- 91 92½- 9!¼ 90½- 92 P4¼- 95 Stamped, guar ...... 4 ~2 - 95!14 ll3½- 94¼ 93¼- 94½ 94 - 94¾ 91½- 93 91¼- 92½ 91¾- 95 94½- 95 ... ··•· - . ... ... - . .. . ... - . ... .... - .... . ... - ... . 97 - 97 .. - . .. .... - . .. ··•· - . .. .. - .... D,.bentures, Sf'r. A .. 4 ... - .... Deben., Series L ..... .4 .... - ... ... - . ... 95¼- 95¼ . ... . .... .. . .. .. - . ... - ... · ••· - ... . 94¾- 91¾ P2%- 92h . .. - . .... . ... - .... . .. - ·•·· ... - . .. .. .. ... . ... - .... ... - . .. 114.¼ 114~ .... - . ... . - .... At. l{nox. & No .-lst ~ .... .... .... - . ... Baltimore & Ohio93 - 95 96 - 96¾ 95¾- 96¼ P5%- 97 94 - 95~ 9i - 96" 96¼- 96¾ 96~- 97¼ 95½- 96¾ 94¾- 95¾ 93¼- 95 .Pr. lien, Ir•• 192:i ... 3¼ 94¾- 96 . ... 97 - 97 . ... - .... .... - ... . ... - ... .... - . .. . .. - . .. . ... - ... . .... - . .. . . ... Registered ......... 3~ ... . .. . 96½- 96½ .... Gold, 1948 ............. 4 10:t¾-104¾ 103%-104)1; 103¾-104lJd 102)4-103½ 102 -1021}.i 1021-(-103¼ 102¼-103½ 102¾-104½ 103½-105 99¾-102 LOO -101¾ 100}9-J.02 ... . .. 10! -104 . ... - . ... ... - . .. .. . .. . .. . . - . Registered ........... 4 102 -102½ 1021,g-103¼ ... - .. ... .... - .... Conv. deben .• 1911 ... 4 104 -108),s 105¼-108¼ 106 -108 107 -110 106 -109¼ 106¼-107½ 10814-112½ 109¼ -116 110 -ll'l 107 -111 .. . 90\,4- 91¼ 90 - 901-s 89 - 90 90¼- 91 90¾- 91 89¾-' i::9½ ·•·· - .... Pitts.Jc.& M. Div.a~ IJO¼- 90¾ 90¾- 92½ 92 - 93¼ 92½- 93½ 90½- 91 . .. 100¼-101 lUO½ 101 100 -100~ g7½- 98½ 97½- 98 97¾- 99 98¼- 98¾ 97¾- 98½ 96 - 98¼ 9f - Q6~ 94 - 96 P.L.E & w.va.Su.4 ... 91 - 91½ 90¾- 91½ 9134,- Pl'h 90 - 90½ 90 - 90~ b9 - 90~ 88¼- 90 f'°/.~- 89~ 88¾- 90 90¼- 91 90½- 91 S. W. Div., 1st, fl .. 3½ 90½- 91 .... .... ... ... . .... - .... ... - . . .. .... .... . 90!,4- 90¼ .... - .... . ... - . ... . ... - .. -~·, - . .. ·•· Re(listered. , .... .3}< .... ... .... - ... . ... ... .... - .. ... . .. 114),4-114¼ .. .. - . .. . ... - ... . . ... - . ... . ... - ...... - . .. . .. - . ... •Mon.Riv., 1st a-u .... 6 .... ... - ... .... - .... ... - . ... . - .. . ... · · •• - . . .. - ... 108 -108 .... .... .... - ... ... - .... C.O.Reor., litt,con.4~ .... Buff. Roch. & Plttsb.... - . ... 117 -117 ... - ... 117 -118½ 116 -117 116 -116 . ... - . .. 116 -11 GeneraL ................ (> 118½ -118½ 119¼-119½ ll7½ 11·½ 118 -118 .. - . .. 129 -180½ L30 -130 ... - . .. .... .... ... - ·•· · · ••· - .. . ··• · - . ... ... - ·•· · . .. - .... R. & P., let, 1921 ... ti .... - .... 128 -12~ Consol., let .......... b .... - ... 127¼-127½ 129 -129½ 129 -129 127½·128½ - . .. 125\14-126 126¾-127 .... - ... 125¾-125!¾ .... - ... 126 -121 .. - . .. . 102 -103 102 -102 . .. .. - . ... .... . .. ... . . . - .... . .. - .... .... Bntt.&l!!l.-ht.nf.'51.4 .... ·•• · ·• · - ·•• · . ... Burl. C.R.& No.-lst.6 10:l½-105 105 -105¼ 10(5¼-105¾ 105%-106 L05 -106¼ 103¼-103¾ 103%-10-1¾ 103%-104¾ lOi½-104½ 104¾-104¾ 105 -105¾ 102½-103. Consol. 1st & col. tr.ii 124¾-124½ l.24¾-124¾ 126¼-126¼ ·• •· - ... - · • 12!¾-125 124¾-124¾ ... - .... .... - ... . 121¾-122 l22 -122 L22½-123 - .... Re(llsrered ..... ...... ~ .... - ... 124%-121¾ .... - . ... ... - . .. ... - . .. . ... - ... .... - . .. .... - ... . ... - ... . . ... - . ... ... - . .. .... - .... ... - . ... .... - . ... . ... - .... ... - . . . .. - . ... C.R.I.F.&N.W ,lst.6 118 -118 .... - ... . .. - ·•· · . ... - ... ... - . ... ... Can. Sonth'n-lst, (lU.6 105¼-106 105½-106 105¼-107 106½-107½ 106~-107½ 10(3¾-107 LQ4¾-105 10!%-105½ 105½-106 105¼-106 t05½-106 105¾-lO'i ~d mo1•tgarre .......... . 6 109¾-110¼ lOQ¾-111 107¾-109 108¾-109¼ l(,9 -109½ 109 -110 110 -110 110 -110~ 107¼-107:b 107 -107 107)4-108 107%-109 .... . ... - .... ... - .... .... - .... .... - .... . .. ... 106 -1{6 106%-106 Registered ........... ~ .... - .... .... - . ... .... - . ... .. - . . .... - . ... 93¼- 94½ 94 - 95 93 - 93 ... .... - .... . ... .... .. - .. . .. C. B. U. Pac.-lst, ir .•• 4 .. - .... ... - ... 93 - 94 Cent. RR. & B., Ga .. ~ 106½-107¾ 107¾-108½ 108%;-lOg¼ 109)4-109!¾ ... - .... 109 -109 101) -100¼ .... - . ... . ... - ··•· 108 -109 107½-108 l07¼-107½ Ucntral ot Georaria120 -121½ .... - .... 119¼-121 121 -121 122 -122 1st ........... - ... . .. . - . .. .... . ... 122 -123 121¾-121¾ 122 -122 122¼-122 Consol., 194~, gold .. ~ 106¼ ill½ 110½-111¾ 110½-111 110¾-113½ 10:,½-110¼ LOS½-109½ 109½1-109½ 109 -111% 108¼-110% 108 -110 106¾-l07x 104¼-107 77 - 80% 74 - 79 72 - 76 79 - 80 80 - 85 78 - 711¼ 78½- 89½ 85 - 86 82 - 84% 77 - 86 80~- 84 1st pref. income ...... ~ 76 - 80 3-1, - 36~ 34 - 35:J,j 32½- 34¾ 34 - 44½ 38¼- 41¼ 34½- 39¾ 35¼- :W½ 36 - 44>11 38½- 40,t 37 - 43½ :i5 - 40 2d pret. Income ....... /S 3t¾ - 36 24. - 26 26 - 29x 25¾- 30¾ 25½- 2S 21¼- 25:h, 26 - 211½ 2d - 30 3d pref. Income....... ~ 18¼- 21¾ 19¼- 20➔.i 19¼- 19½ 19 - 31 , 2fl½- 26 92 - 92 .... - .... ... - .... 92 - 92 . ... - . .. .... - . . . .. - . ... . .. Chatt. Div., 19iil. ... 4 91¾· 92¾ 93¾- 93¾ .... - .... . .. . - .. . Mac. & No.Dlv.,tst.~ .... - .... .... - .. . .... - .... ··•· - .. ... - . .. . ... - ... . .. . - .... . .. - . .. 108¼-108¼ ... - . .. ... - ... . .. . · •• - ... . ... - .... .... - . .. . - ... . .... . .. . ... - . Mobil9 Uiv., let ..... -~ 106 -106 .... - ... .... - .... 112½-112½ Cent. ot New Jersey. .. - . ... . . ... ... - . .. . .... .. . . .... - ... · ••· .... - .... 101¼-101¾ . ... - ... - ... .... 1st, consol., 1902.... 7 ..... Gen. mo1·t., 198'7 .... ~ 132 -137 136¾-137¼ 137 -140~ 139¼-141 138%-14.0 138%-139½ 136½-137 135~-136~ 136 -136 134 -136¾ 136¾-137 135¼-136½ . .. 13:l¾-135 135),.(-135),.( 133 -135 Registered ..... ..... -~ 131 -136 136 -137 136 -138½ 138 -139)4 138 -138 137 -138¼ 135½,-136:1,j .. .. - ... ... ... - ... ·•• · - .... .... - .... 115 -115 . .. - ... 112~-113¾ .. . - . .. 113~-ll~ 113½-113¾ 114½1-114 Am. Dock & Imp ..... -~ 113:':( -114 114 -lU ... - .... - ... .... - . .. 105 -106 .... - ... .. .. - . .. .... - .... . - . . . - .... . .. - .... 102 -102 L. & W ., mort., '1~ .. ~ Con. ext .. '10, e-u.4k 102 -10!!¼ 103~-105 103½-105 103:}a-104 103¾-103¾ 1023i-102¾ 10~ -lc)2"!/4 101?~-10-2¼ 102 -102 1(12 -102 101 -101½100 -10~ .... - .. - ·•· · - .... - . - .. .... - - ... - .. .. - ... - - ... - - .. ... - . .... - - .. - - - - - - - ············~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -. - ... - .. - - ... .... ... ~ - .... -. - .... .... - ... .. - ... ... ... - ... 1 0 0 RATLROAD BO "DS. 1 uo2- t.;0111111 uct.1. l~NUAKY ~,EBl:t'li.'f. BOND!!!. MARCH. APRIL. MAY. JUNE. AUGUST. 8EPT'BER. OCT0BEH N0V'BER. DEC'BER. JULY. l,nw.Hiirh Low.High Low.BiirJ, Low.Hiirh £,ow. High Low.Hi11:h Low. Hl11:h Low.Hi11:h Low.High Low.High Low.Higl! LowH!gb ---- -- - - - - - ·- - - - - - - - - ·- - - - - - - - - - - - - - - - - - - - 'Cent. Pac.-See So.P.Co. ·Cheso.peo.ke & Ohioet,rles A, a-old, 1908.6 L13!,i;-113·~ 114 -114½ 114\14-115 112 -112 112 -112¼ ... - ........ - . . .. . .. . - ........ - .... 109¾-lOll¾ ... - ... . Mort,:aae, 191.t ....... 6 ... - ... 116¾-116¾ l17 -117 ll4 -114 ... 114~-114¼ . . ll4 -114 . ... - .. .. 112 -112 113 -113 ts~ con., 1r,, 1939 .... ~ l20½-121¼ 120¾-121~ 120¾~123 122½;-123½ 119½-121 1191,1-120~ 120 -121 11<1:}.! 120½ UQ¾ 120 119 -120l}fil18 -111'.!¼116¾ 118½ 'General, 199:l ...... 4½ 106½-107~ 107½ -lll¼ 107¼-108~ 107¼-108¾ LOK -108½ 108 -108¼ lQS¼-108½ 108 -lo:;~ 105¼-106;,.101½-106¼ LU4½-lU5½ 102 -105 Crai1r Val., .ht, gold.~ ... lOS½-115½ 116 -Uri - ... 113~-113½ ll:3 -113 ll2 -ll2 'lt.&A.D.lstcon.'89 4 104 -104¼ 104¾-105 .... . 104¾-105¼ .... 101¾ -105~ .... - .... 103 -10! 10::l -10:5 103½!-103½ 102¼-103½ 2dconso l., 1989 ... 4 .... - ........ 1GO -100 IJ8 - 9J}-s .. - .... µ9 90 'Warm Sp. Val., 1st .. ~ lOcl½ 106½ Eliz, Lex. & B. S .. .. ~ tOl¾-101¾ 102 -102¼ 'Chicago & AltonSinking fund, 1903,.6 103¼-103¾ - ·... 104¾-104½ 102¼-102¼ t02¾ 102¼ - ... . 101 -101 IR:efundlng, 1949 ..... 3 87¾- 88 87¼- 88 87¼- 87½ 85 - 86 85 - R6 8'> - 85½ 8.i - 86 84½- 85 84½- 85J.f! 82½- fill¾ 82¼- 82.½ 8::1½. 83¼ Railway, 19~0 .. . . ... . 3l1! 84¼- 84½ 84 - 84¾ b4 - 1-4·~ 84¼- 84'¾ 84 - 85 85 - 66 83 - 83¾ 81¾- 83½ 81 - ~2¾ 79 - 81½ 78ili(- 81 78 - 81 Registered ... . ..... 3~ ... - ....... - .. 83¾- o .j~ 83¾- 83'¾ Chic. Burl. & QuincyConsol.. .... .......... . .. ') l(l4¾-105¼ 105 -105¼ L0:.¼-105'H! 105¼-105~ 105~-106!,-~ 106J..ji-106¼ 102¾-103 10!3 -103½, 103¼-103½103¼-103¾ L04 -lOHi 104!,4-104½ Denver Div., 192:l .. 4 L02½-l03½ IOJl}.{-101¼ LUl -10& LOl½-lUl~ lOl½-102 102~-102.14 100½ 1001:, LUl -101 illlinoi8 Div , 1949.3½ L02 -102¼ 102¼-102½ l02!4-1U3½ 102¼-10:3 l02¾-102¾ 102 -102~ 119½-100 : 9 - 9.Jl}.i 98½- 9J½ 9')¼-100 93 - 99¼ 977,i- 98¾ Iowa Div •. sink. fd ... ~ .... 116~-116¼ 114¼-114/}j ... - ... 1U.:UH14n 1919 . . .. . . . . . .. . . .. 4 .. - . .. L06 -106 . . . - .... 105 -105 . . . 1"4~ 10-t¾ 103 -103 Nebr'ska Ext.,1921.4 111 -111¼ 111 -lllJ.ii Llll,4-111~ L11%-111½ 109½-110 109¼-109¼ 109 -109¾ 107¾ 109 108 -109)1, 107¼ 107¾ 107 107½ -S. W. Dtv., 19~1 ..... 4 .... 99¾-100 Debenture, 1913 ..... ~ 109 -109½ 109¾-110 L09½-110 109¾-110 107½ 109¾ 108 -108¼ lOS¾-103¼ lOE¾-lOf¾ 108 -103½ . . . - . .. LOll;½;-1061},i 106½-106½ Han.&St.J.,coos.. 6121¼-122 121¼-122 119 -1111 l19¼-119¾1b¾-118'J:t ll~-119 110 -119 .. - •... t16%-116U116 -116 117 -118 117 -117 <Jhlc. & East. Tlllnois. 1st, sinkioa-fund ..... 6 .. . - . . . . 112¼-112¼ ll2xj-112½ .... - .... 114 -114 Ill -111½ llt -111 111¼ 111¼ lll¼-111¾ l!.l¼-111~ 112!4-112¼ 109¼ 109¼ lstconsol., irold ....... b . .. - ... . .... - ...... - .... 138½-139 139½-139¼ 130½ -189½ 139¼-139¾ ... - . . 136 -137¼ Gen. cons. 1st, 1937.~ 122¼-123¾ 123!':(-124¼ 124½-125¼ 125%-126½ 124 -124¾ 12!l¼-124)1i 123½-124~ 123¾·124 123½-123~ 128¼-123~ 120 -121 120¼-121 Registered ........... ~ .... - .... 124\14-124!!4 - . .. . .. - .. .. 120 -120 Ch.& In.C'l Ry.,lst.~ .... - .... - ... ... . . - ... . 125 -125 12:!¼-123¾ 123½-123½ t23 -123 121¼-121¼ 'Chic. l. &; Lou,-Ret .. 6 126 -129¼ 127 -129 t28¾-129½ 129½-132 131¼-132 132¼-132½ 129)9-lal 132 -132 131¼-131½ 181 -tal L30 ·132 .••. Retundlna-, 1947 ..... ~ 113 -114¾ 114 -115 115 -115½ 115 -115½ 116 -116 116½-117 116 -116 117 -ll'i .. - ... 117~-117½ .•.. Lou. N. A. & C., lst.6 113¾-113~ L13¾-113¾ 113¾-113¾ ll4¾-lt14¾ 114¼-115 -Obie. Mllw. & St. P.185 -185 138 -18'.l¾ 189 -18;) 190· -191 l94½-194½ Consol., 190~ ......... 7 182¼-185 183¾-186 . 186 -196 Terminal. ........... .. ~ l12 -112 ll3 -ll3¼ 115 -115 114¾-ll!l~ 112ll,(-112~ 112},s-112¼ ... - .... 113¼-ll::!¾ 113½-lH½ 113¾-113¼ 117 -117 114},s-lH},s .... - ... 113 -113 113¼-113¼ ll::l -ll::!¼113 -113½ ·Geo. M.,"A" 1989 ... 4 110¼-114½ L13¼-114½ 114¼-116¼ 116¼-116¾ Registered ........... 4 ... - .. •· 111 -111 Gen.M., "B" 1989.3¼ 104¾-104¾ Chic. & L. Sup. Div.~ ... - . . .. 12)!-1.-120½ Chic. & Mo. R. Div .. ~ 118%-121 l23 -123 .... - . .. 124¼-12~ - •... 121½-121½ Chic. & Pac. Div ...... 6 114½-116½ 1157/4-115¼ 110¼-118 ... - .. .. 117½·117½ - .... 115!,(-115¼ 114¼ 11-!¾ .••• - •••. 116 -116 - ... 115¾·115¾ Ohle. &Pac. W. Div.~ 116¼ 119¾ 120 -120½ 120 -121½ 121¼·121¾ 121¼-121½ L21 -121½ 117¾-118~ 117¾ ·1 .. 7¾ 118¼.-118½ 118¾·119½ lHJ¼-119½118½ 120 Dakota & Gt. So • . ... ~ 112¼-112¼ 115 -115 - .... ll5'¼-115¾ . . . . - .... 113¾-113!!4 .... - ... . L13 -113½ ll:l¾.:).13¾ lstH.&D.Dlv ....... , ... 122¼-122½123}.!·123¾124 -124 123J,fl2-1 123114.123¾ - ... 120¾120~ ... - •••• 121¾ -lzll 1910 ........... . ....... ~ L08½-108½ . . . - .... - .... 110 -110¼ ... - .... . ... - .• . 107¾-1U7¾ .... lstl.&D.Exten.· .... 1182½182¼ ... - . L9 1 -191~ lstLo..C.&D.,'19 .. ~ .... - ........ - .. . 119 -119 - ... 118¾118¾ ... - .... .... - ........ - . ... 116 -116 .... Minero.I Point Div .. ·.~ ... - . . . 101<¼ 109¼ ... - ... . 108¼-108¼ .... - .... . . .. - .... 109 -109 1.st So. Minn. Div ..... 6 lU -115½ 115~-116 116 -116¼ ll7 -117½ 116~ -117 117 -117 114)R-114~ 114¼-114½ 115 -ll5 115¾-116 let So. West. Div ..... 6 ll3¾ 114¾ 114½-114½ 115 ·115 115 -116 - .... ll7¾-118½ 117¾-117% ... Wis.& lUin. Div ...... ~ 116¼-116¼ .... - .... L18½-118½ 121¼-121¼ 120:¼·120:¾ 118½-lllJ 118¾-!19½ M. & :No., 1st, 1910.6 115 -115 116 -116 116½··117 1stonex -., 1913 ... 6 ... - ... . 120¾-120¾122 -122 ... - ... 123¼-123¼ - ....... - .... L20½· 120½ .. •• Chtc.&North w, · Con.') 140 -141 138¼ ·139½ 138 -138 138 · l l8 l36ll,;!-138 135~ 136½ 135 -135 L35¼-135¼ 136 -130 L34 -1:35 l34',(-134¼ Gold. coup., 1902 .... , 103½ 103¾ - ... . 10 l% 10,l 104¼-104½ 104¼ 104.¾ 101¼·101½ lul~-101¾ 101¾-101¾ 1(12 -lOt 102 -l'l<J.\ 03 -103 Gold, rea,, 190:l ...... ') ... - ... . 103%·103% 104 -104 - ... LOl¼-101½ - .... lOl½-102 •Exten. bonds, 1926 .. 4 .... - . . .. 107½-107½ 107 -lC.7 . ... - .... 107½-107,t - .... 107/Js-lU .~ l05 -107¾ Keghte1·ed. .. ..... . 4 ... 106¾·106¾ •General, 1987.. 3½ .... 100¼-106}ti 100 -106¾ l\J2¼ l•J2¼ 104½-104½ ~lnkinll' tund,coup .... 6 115 -115 117 -117 118 -US .... - ... L15½;-115½ .... Sinking fund, coup .. . :i 108!,g-109 101J>fi-1U9½ - ... 110 -110 109 -109 . 109 -109 106½-lOOx 106½ ll6½ l07 -107 !l~ Yl'S, deben., 1909.~ 108¼-109 108½·109½ 109½-109½ ... 107¼-107½ 107~-107¾ l0:i¾•l08¼ 107 -1\JS 108 -108 10:l -108~ LUf>½-1003/., LOS -101:l ltegitttered ..... ...... ~ .... - . .. 105½-105½ 30-yeai• deb., 1921. .5 115 -115 117¼-117~ 114 -114½ L15¼ ·115½ 115 -115 ll8\6-1181,, Debenture, 1933 ..... :; 121½-122 122 -122 122 -122 121½-124 L23 -1.23 L23½-123½ LL7¾ ll"¾ Mil.& lllo.d,. lst,'0.l.ti ... 06 -lOU 'North. Illinois, lMt .. ~ ... - . . . lOJ½-109½ 108 -108 Utt.C.F.&St.P, , tst.~ ... - ... - .... L07 -107 Win, & et. Pet., ~d .. 7 ... - . .. . - .... 119~-119¾ 119½-llll½ ll6,½-116¼ !U.L. S.& W Lst.,':ll .ti 1,17½·137½ 137).j;-137½ . l3tll)s-l:!7¾ 133¾-13! l::!3¼-134½ 183¾-1381-11 .... 133 -133 1:31¾ 131!,,Ext. & Imp., s. f . ... /l t:::t! -128½ l%¾-12tl¼ 1:lo¾-12cl 126½-126711 - •••• 125 -125 123½-123),f, ~l · 12± 124 -124 • Ashland Div., 1st .. ti .. - . . . 142)4-142½ 1Ilich. Divi,;1ion. l!!l.6 139½--139¾ ... Iocome!!I, I !Hl. . . ... fi 110¼ 110}-s - ... lU¼ 114¼ Vhic. R. lsl'd & l'. Ry.ti 128 -130 130 -130 L31 -131½ l::ll¼-132 ,::ll¼-131J.2 1::ll½-131½ 129½-129½ 128}4-U8Xt L28¼-128¼ 128 -t28)i 128}.(-129 12:3¾-129 ReKiMtered ...... ...... ti ... - . .. . - .... 129),.! -rnl .. .. - ... 127:X,-12:l 128¼-128½, .. . - ... 129 -12J l2.:l¾-12 ¼ .... - •... Geoe1·nl, 1988, ir ..... 4 105}4-111. 110),.(-111¾ ll0¾-112¾ 112 -113¼ ll0¾-11~½ lll½-112¼ 110 -11\J½ 1081J,f-109¾ I0~-109;k. lll8 · b9¼ lu8)4-10l:l¾ LuS}i-108;1-:t Registered ........... 4 L09 -109 - .... lll -112 lll½-112 Coll. tt•,, Ser. H, '04 4 90 - 99 (.Joli. tr., ~er. C, '0.> .. 4 100}.!-100¼ l00~-100¾ 1:11:1¾- 99}1, Coll, tr., !Ser. H, '10.4 Cull, tr,, ~er. ill.,' 1 ~.<& 99~ 99,½ <Joli. tr., Ser·. N,' 16. ,1 ltallroad, ~00~ ..... 4 82½- 86),f, 83% - 87½ Registerul. .... .. . . .. 4 8tl¾ ~6¾ 1:18 - 98 D.J.U.& F.D.ht,'OJ.4 .... 1:10¾- 9J¾ ~7)9- 9i½ 1st, l ~0.). . . . ... ~x, ... 01¼- 91)4 .... 92 - 92 03 - 93 Keok. & Des lU., 1st.~ 110½-110½ - .... lOJ¾-110½ <lllic. St.P. 1Uin. & Om.ti 131J-11-14U~ 140¼-HO½ 1.40 -141 141 -li2 141%-14lh l:-!8¼-138½ 138¼-139 137¼-13d 138 -138¼ 1::lo}i-13d¼ L38¼-138H, l34½-13 j ¼ Uhlc. St. P.&1U.,bt .. ti 140 -140 140¾-14.0¾ 1'11¾ ·141¾ .... - .... . .. - .... 131:S½-138½ . ... · - .... 138}.!-13.:'.~ L3.>),ji-U5½ 135 -135 No. Wis., l1!1t, 1930 .. 6 .... - . ... ... - .... . .. ·- .. 140 -140 137½-137,½ !!!It. P. & 8. CltY-lst .. ti .l29¼-129J.f! 1211¾-130½ 130½-130¾ L2i%-121:!¼ ... - .... 128¼-121:l¾ 129 -129 1~5'1-125¾ 126 -127 1?5¾ ·125¾ Chic. Term'l Traust..4 87 - 90 80 - 89 87¼- uo 88 - \/0:h $¾- 90 Jv - llO~ 88 - 80½ ~9 - 00 89 - 90 87½- 89 86 - 87½ 85 - 86¾ <:hie. & W. lnd.-Gen.6 ... - ... . . .. - . .. . ll8 -lJIJ 117:J:(-117¾ 117¾-117¾ 118)4-llt:!¾ ... . 117 -117 L16¾-116l}.f .... Ch. & W. lllich., '21. .~ - .... 109 -100 .Choe. Ok. & G •• 1919.~ 1.1)5 -110 110}4-110.½ - .... U::l¾-113¾ ll4½·1H½ (;ln. Ham. & DaytonCin. Day. &Ir.1st ... :; 1H½-_;_.L4½ .... - .... 115½-115¼ 113¾ -113¾ •... 113X(-114 - ... . 114}.!-114¾, .... 5SeeO.C.C, . ·V.I.S.L.&C. l & !St. L. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - - -- - --- - --·---· I 101 JL\JLRO AJ) BO~D .a~u~-t.,;unuuuctJ. IANC'ARY FEBR'RY. BONDS. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 8EPT'BER. O CTOBER. NOV' BE R . DEC'BE R. Low . H igh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High <.:l. Uin. Chic. & - - - - - - ---- - - - -· - - - - - - - - ·- - - - - - - - - - -- ---- ---- - - - ~t. L. General.. ..... . . .... ... . 4 102¾-104 103 -104 103¾-103½ 103~-104% 103¾-104½ 102 -102½ 102 -102½ 102 -1021,( 101¾ 102½ 100 -102 101 -102 98 - 99¾ - . .. . 102 -10.'. 102 -102 101¼ l0lx Cairo Div., 1st, 'a9 .. 1102 - 102 01¾-101¾ .. . - .... Ctn. Wab. & M., lst.4 .... - . . . . . . . - .. .. 101½ -101 ¼ ... . - .... 103¾-103¾ 103¼-1"3¾ 102 -102 102¼-102~ 100 -100 . ... St.L.Dlv., 1st, 1990.4 103½-10:l½ 103 -104 104 -104½ 104¾-104¾ 102%-103¾ 103¾-104 .... - .... 102¼-103½ 103 -103¾103 -103 t0l !)fr-102 101¼-102¾ - .... 103 -103 ]\eai ■ tered ... .... .... 4 . . . . - . . . . 101 -102 Spr. & C. Dtv, lst .. . . 4 .... 102¾-102<$;{ 102 -103 CJ. I. St. L. & C., l st.4 105 -106 - .. .. 105%-10~ . .. 1111½-99½ - . . .. 113¾-113¾ ll;J'X\-113% 114½-114°¾ 115 - 115 <Jin. San. & Cl., con.iJ .. .. - .. . 115 -115 115½ ·115½ c. C. C. & J., consol .. 1134¼ 134¼ ... General consol. ..... 6 .... - .. .. . . . - .... 133 -138 119 -100½ 100 -100 100 -100¾ 100 -100½ 9 - 91J~ Ill! - 99½ 98¼- 99½ Peo. & E., 1st, cons .. 4 98½ -l "O~ 100½ 101,fi I00~ -102 99½-100 lllO -101 73 - 74 72½- 73 7::J - 76 75 - 81 Incomes, 1990 . . . 4 7tl - so 76¾- 81 7t3½ · 78 75 - 80½ 78¾· 82½ 80 - 81¾ 75 - 76¼ 7~ - 75 - .. . Ll6~-116¼ <J lev. Lor. & W .-lst .. :i .. . . - .... .... - ... LH - 114 ... . - . . . . 114½-114½ 116½-116½ c1. & Mab. v.-1938 .. iJ 127½-127¼ - . .. . 128 -ms Colorado Mld.-lst.3-4 82 - 84~ 84¾- 87 85~- 86% 85 - 86 84 - 857-! 1-14 - il5½ lat, gold, 194,-... . . . . . 4 82)4- 84¼ 84 - 86½ 86¼- Be¾ 85½- 85~ 34 - 85~ 3J.jl- 85½ 83 - 85 83 - fl3~ 82%- 85% 82 - 83¼ 80 - 82 71!½- 82 Col. & So.-lst, g.':.!9.4 91 - 93¼ 91½- 94% 94¼- 95 94 - 96¾ 94~- 96 114¼- 96¼ 96¼- 97 114¼- 95 92 - 9!¾ 91 - 114 111 - 93¼ 110 - 93 Delaware & Budaon. .. . - .... 144 -144 L43 -143 lst, Pa. Div., 1917 . . 1 - . . . 1!10¾-140¼ - .... ll<l -113 Alb.&Sm1q., lst,a;u .1 - .... 115¾-115!J:1 - •.. . 106 -106 lat, coup., guar ..... 6 .... - ... 108¾-108¾ .... - .... L09 -109 1st, re1ristered .... . ti ... . - ... . 111%-111¾ ... . Ren. & Sar.,lst,'21 .1 .. .. - .... 143¾-143¾ - .... 151½ 151½ ... - ... . t47½-147½ Re1ristered .......... 7 ... . - .. . 147½-147½ Del. Lack. & W est'n1907..... ..... ... ........ 1 120 -120¼ . .. . - . . . 117¾-117¾ . .. - ..•. lli½ -117½ .... - . . .. - .... 114:1-.(-115 115 -115 Morrill & E sex, 1st. 1 186~-13{% 186%-136% ta7 -137 138 -138 . . . . .. ll:15 -135 - .. .. 135\\4-135¾ . . . - ... 132¼ 132¼ Consol., 1ruar......... 7 137¾ -1 37¾ 137~-138 ... - .. .. t:-lll¾-141 140 -140 137 -137½ .... - ... 137 -137 N,Y. L. & W., lst . ... fi 133½~13:l~ 134½-135 135¼-136% 136½-136¼ 137 -137 135~-135!1( . ... - .... 132¼--133¼ 13$¼-133¾ 132% ·132½ Construct'n, 1923 .. :; .... 116i){i-116% 117 -117 118¼-118¼ 117 -117 . .. - .... 115¼-115¼ ..•. Term'l & lmpr'mt .. 4 .. . - . .. . 103½-103½ t04 -11'5½ 103¾-103¾ .... 102 - 103¼ - ........ - .... 103 -103 l02 -103 Syr. Bingb. & N. Y .. ? .. . . . ... L16¾-ll6¾ 117 -117¾ . .. - . .. . 114¼-114¼ ... . 112 -113¾ 112 -112 War. RR, , 1st, ret.3.½ .... - ... 103½-103½ .. • Denver & Rio GrandeConsol., 1936 .......... 4 101 -102½ 102¼-102¾ 102¾-103)4 103½-104x. 104¼-104½ 103¾-104½ 101!14-102¼ 102¾ ·102½ 101 -102½ 99½-101½ 100%-101~ 100¼ ·101¾ tat con11ol., 1936.. . 4 ½ 111 -112 ... - . ... 110¼-110½ 112 -112 110>2-ll0½ . . . - .. .. 108¼-110 1J5 -105 106 -106 Improvement, 19'l8.:; 110½-110½ lll¼-112 111 -112 111 - 113¼ 111 -lli½ 109%-111 109 -110 109¾-109J.( . ... - .... 110 -110 LIO -110 106 -106 Denv. &; So. W e11t.,:-en.:; 89¾- 90 89 - 90 88¼- 89¾ 83 - 89)4 87 - 88 84¼- 90 90 - 91 89 - 90 . . . . Det. &lUack.-1.st llen.4 . . . . - . . . . . . - . . . . . . . . - .. .. 101 -101 102 -102 - .... 102¼-102½ Gold .............. ..... .. 4 92½- 92½ . ... 94 - 94 94 - 95 94¾- 95½ ... - .. 94 - 94½ 93½- 93½ Detroit South'n, tat .. 4 86 - 86¼ 84½- 86¾ 86¼ - 86% 86¼-- 87¾ 87¼- 87¾ 85¾- 86½ 86%- 86% 86 - 86¾ 86 - 86 85¾- 86 Ohio ~ou. Di v., 1st .. 4 93¾- 95 93¾- 95½ 92¼- 93% 92½- 95 94 - 94% 93 - 94 114 - 94 93½- 94 93 - 94 91 - 91¾ 92 - 92 Pl¾- 91¾ Duluth & I. R,-lst ... :; . .. . 113¼-113½ 115 -115 112%-112% 112%-112¾ 114.¾-115 114 -115 - . . .. 114 -114 113¾-114 LH -114 Dul.S.S.&Atl.-1937.:; 111 -113 112½-lH - .. .. 114¾-114¾ 115 -115 115 -115 - .••. 116 -115 E, T. Va. & Ga.-See S o. - .... 112¾-113 tl4 -114 Elg, Joi. & E.-tst, g .• ~ .... - .. .. 115 -115 - . . 112 -112 - •... 117 -117 118 -118 - .... ll3½-ll<l~ lltl½;-116¼ Erle-1st, Ext., 1911 .. :i 115½-115½ . .. - . ... 118¾-118¾ 1111¾-119¼ . .. . ~d, Ext., 1919 ........ . ~ 121 -122 115 -115 ll6¼-116¼ .... 3d, Ext., 1923 .. ... .. 4½ .... - . . . . ... 120 -120 - . . . Ll9¾-119¾ 119½--119½ 117 -117 - ... ll7 -117 >4tb,Ext., 19~0 ....... ~ 121 -121¾ . ... iJtb, Ext,, 192S ...... 4 1()8¾-109¼ .. . 1st, consol., 1rold ... ... 1 H0.¼-141 U.Q¾-142 138 -138½ 138¼-139 138 -139 13:3¾-139 139 -140¼ 140¾-140¾ 137 -137½ 137 -137 13i¼-137~ 137¾-138 1st, cons., g., fund'ir.1 . .. - .. .. 139 -139 - ....... - .... 136 -136 . .. . - ... 13iJ -139 - .... 136 -136 ... . 1st con. prior lien, g.4 9 ¼-100 98¼- 99¼ 98¼-100)4 99¾-100,-1 91!% 100½ 100¼-102 98¾,-100 99 -100¼ 99½-100}! 97½- 99¾ 97½- 9:3½ 97¾-100 Registered ........... 4 . . . . - . . . . 98½ - 98½ . . . . - . . . . . . . . 1st con. gen. I., '96 .. 4 88¼- 90 87¾- 89 87¼- 87¾ 87¼- 88¼ 87½- 88¼ 87¾- 89 86½- Si¾ 86¾- 87¾ 5¼- b7J.!i 34¾- 86~ 34 - 85¾ 83 - 87¾ Penn, coll. tr., 19:;1,4 94Xi- 95½ 93¼- 9! 93¼- 94 93¾- 96 94¾- 95¾ 9!¾- 95)4 94%- 95¾ 93 - 93¾ 92 - !,/3¾ 91 - 94 92 - 93¾ 91 - 92¼ Buff. N, Y, & E,, lst.7 133 -133 . .. - .. . . . ... - .... 130 -130 . - .. .. 127¼-128 Chic. & Erie, 1st, g .. O 123¾-12!1¾ 124¼-125 125 -125½ 125¾-125!)4 123¼-124 123¾-124 123½-123½ 123½-123½ 123%-124 123 -12J½ 120½-120¾ 118¾-120 Jefferson, 1st, guar .. lJ 106 -106 .... - . .. . 106 -106 103¼-t03J!a .... - . . . .. . - : . .. . ... - ... . 106 -106 .... - ........ Lon&r Dock, cone.' alJ.6 ... . - ........ - ........ - ........ - . . 130¾-136¼ 137)4-137¼ .. .. - .... 18!¾-135½ 184 -134 Coal & .ltlt., ht, •~·l.6 .... - ........ - ... - .... 117 -121 116!1,1:-116¾ .. - .. .. 113¾-113¾ Dock & l1~pt. , ht .. . 6 .... - . . - ... . 118½-118½ ... . - ..... . . . lllldl'd o t lS. J ., 1st ... 6 l~¾-116)4 117½-117¾ 117 -118 l12¼-112¼ - . . . 114¾•114~ ... 115¾-115¾ 1(, Y. Sus. & W., ref.:; llb½-116 114 -114 116)4-116¼ 117 -118 117 -117 117 -117 - .... 114 -lH½ ~d, 193'1 ........... 4x ... . - .... 102 -102 103 -103 Gen., a;old, 1940 .... :i 110!,{i-110¾ 101! -109 110 -110}4 ... IOU -109 109 -110 t0'i¼-108½ ... - . . .. 108 ·108½ 107¾-lOS 105 -106 • Term'I, 1st, 1943 . . /', 116 -116 - ... . 116½-116½ . .. - ... 110 -110 WUk.&E.,lst,'4-l.511~¾-113 113½-114¼ .. . . - .... 115½-115½ 114½-114¾ .. . - .... .. . - .... 114½-114½114 -lH Ll4½ 114½110½-111 Evansv. & T. H -Con.6 12:l¼-123¼ . ... - .... . ... - ... . 123 -125½ h6½-l::l6¾ 121¾-122 l21 -121 1st, gen,, 194~, gol d.:i 108¾ HO 110¾-111 111½-112 - .... 108¼-109¼ 109¼-110 Mt. Vernon, lst,'23.6 112 -112 Ev. & lnds.-lst, con .. 6 ... 115¾-116 114 -115 Fl. & P. Mq.-See 1>.1Uq. Fla.c.& P.-Con.,'43.~ ... 106½-106½ Ft, W. &D. C,-lst .... ti 106 -108¾ 107 -114¼ 112¼-114 112 -115:J;\ 114 -lltl½ lH -118% 112½-114 112½-115 114 -115¾ 113!-2-115 Ll2½-114¾ 108½-111 89½- 92½ 89½- 110~ ~0 - 90½ 87½- 87¾ 88 - 39 . . . . Ft. W, & R. Gr.- lst..4 88¼- 88½ 88 - 89 7 - 87¾ Ht!¼- 87 89 - 112 i-6}.(- 86¼ - .. .. 102 -103!,{i Galv. B. & H. ot•~~ .. :) 103 -106¼ . ... - .... 105½-105½ L03 -105½ . ... 10:.! -102 103 -103 G.H.&8.A,-See S. P.Co. 112 -112 111 -111 Ga. & Ala.-lst, con .. :) .. .. - .. . . ... Ga . Car. & .-ht,gn.:i 109½-lOP½ . . .. - ... . 111½ 111½ 112 -112 .. - .. . .. - .. Go.. Pacific-See !!!louth'n .., · · G.No.-C. 8.& Q. cl,tr.4 95½- 97 95:1-.(- 96¾ 95¾- 96 95¼- 96½ 95%- 96¼ 93¾- 97¼ 9:5 - 116¾ 95¾- 96 95½- 116¼ 94¾- 96½! IJ5~- 116¼ 94½- 96½ Rea;lstered ..... .. . 4 95¾- 96¾ 95¾- 96¼ 9!¼- 95½ 94¼- 96 94¾- 115¼ .. - .... 95 - 951}.j 95¾- 96 94~ 957-1 94¾- 94¼ 94* 9!~ 93 - 95¼ Hoel,. Vn.1.-1 t, con .4X! 107¾-108¾ 108!}.j-109),6 108½-110 1011¾-lll½ 110½-112 110%-111 108 -109 l08%-109¾ 108%-109!):t 107½-1L9 107¼-109½ l07¾-110 C. & H. V ,, 1 ,n, ext .. 4 ... - ... .. ... - .... l0tl -106 105~{-105¾ ... - . . . - .... L06 -106 .. - . ... 106 -106 - .... 105½-105½ 11 . E. & W.T,-Se6 S. P. H. & T. ().-See !'!!io Poe. lllinois Cennal1 Mt,· irold, 191)1 ....... .4 L15 -115 116 -116 .... - .. .. ll~-115¾ .... - ...... - .. ... ... - .. . .. - ........ - .... 113¼-ll:3¼ 1st, i:-old, 19:;1 .. .... 3 !,t . ... - .... 105%-105¾ 104½-10!½ . . . - . . . . . .. - .. . - .... lu4 -10! Gold, 19~2 ... . ....... .. 4 105½-106¾ ... . - . .. . . . . - ... . 105 -105½ 100 -106¾ 116½-106½ .... - .... 10!¾-105½ Gold, 19iJ3 ............ 4 105 -106 105 -105 105%-106 105½-105½ 103½-103¾ l0i½-104~ 10!½-104½ .. .. - .... 104¾-105½101¾-105 103¼-10! LU2½-103 Rei;riste1·ed . ......... . 4 . . - . . . . ....... - ... l\J4~10l¾ . . . ...... . Loulsv. Div.,gold .3 ~ 101¼·101¼ 100½-100½ .•.. - .... 101¼-101¼ .... - .. .. . ... 98¾- 98¾ 98½- 98½ 18½- 98¾ .... Mt. Louis Div,, gold .. 3 . ... - ........ - ... ... . - ........ - .... 87¼- 87½ ... Gold, 19~1 ... .. . . 3½ . .. - . . . - ........ - . ... 100%-lu0¾ 101 -101 100 -100 98¾- 98¾ 98¼.- 98¼ .... - .. ..... Western Lines, lst .. ,J L14¾ ·114¾ 113½-113½ .... lll½-111¾ - .... 110 -110 .... - ....... CJ. St. L. & N .O.,g.cp.~ .... - . .. . 129).6-130 - . . . 130½-131 131 -131 127!,4-127!,,f . . . . - . ... 12i¼-127¼ .... - ... li7¼-127¾ 127 -127 Reaistered . .......... ii .... - . . . · · · · .... 1267<{-126¼ ... . Gold, 19~1 .. ...... . 3~ .... - . . . . . .. - .... 104%-10!¾ ... Memp. Div., lst .... 4 .... - ... .. .. - ... 106¾-106¾ L05 -105 - .... l06¾-106"¼ ~t.1,. !i-o~:!•~ 410! ½-'0 1_ ½_ .. __-_._._._10_1_·_10_1_ _ _ _ _ _ __ .... : . ... ~~. - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I - ~- RAILROAD BO DS. 102 1902-Continnf>d. I -1.A:--f'.ARY F'EBR 1 ItY MAHCll. APRTL. :'.\{AY. JU:\'E. JULY. AUGUST. · e;pT . BEH. UCTUl:!EH NOV' JF H. DEC'BER. BOND~. Lo w .High Low .High Low.Hillh Low .High Low.Ri1!h Low.High Low.High Low.Hi,zb Low .High Low.High Low.Hi!.!h Low .Hi,zb Ind. Dec. & WeMt' o()8'1!-109 107 -107 - ... . 108 -105 - ... lOi½-110 t05¾·105~ lst, gold, 193:i ....... . l'> . .. . - .. . l.07X!-107¼ 1st. gua1·., ll., l 93l'> .. a . .. Ind. Illinois & Iowo.102!'4-102¾ lst, gold, 19l'>O ... ... . 4 101) -100 Interno.t'l & Gt. No.- .... ll0~-121¼ 1st, 1919 ..... ........ .. 6 123 -125½ l23¼-126 t25 -1?5"x 125 -127 12Ei-I28 L?2 -122 124 -125¼ .... - .... 125%--126)4124½-125 97 - 98 U7 - 99 00¾-100 IJ0¼-101 2d, 1909 .......... . . ... . l'> 100)4-102½ 101 -103 lU0½ -101 l.00 -101½ 99¼·101:/4 100 -100¾ 98½-102 101½-103 - .... 71 - 71 75 - 78 75 - 75 75 - 75 3d, 1921 ....... ........ 4 75 - '79:X 78½- 80 tl6 -116 ll'i¾-117½ 116~ ·117 L17 -118¼ l17½-118y~ 119~-119¼ 115 -115¼ 117¼-119 119 -119¼ .... Iowa. Cent.-lst, gold .. l'> 116¼-117!,,, l17 -17 91 - 95 96½- 97· 97 - 97 97 - 97 96 - 96x, 96½- 97 Refunding, 19l'> 1 .... .4 95 - 95 Ko.n.&M.-SeeT.&O.C. 'iO 68¾72½ 71½72½ 72 72½ 72 72¾ :2 72~ 71¾72¾ 72 74 73¼73lk 71¼72 71¾K.City So.-lst, 1950.3 Ken. Cent.-See L. & N. L. Erle & West-1st ... ;') 120¾-120!-t 121¼-121½ L21¾-12l!A1 121!)4-122 121½ -121½ 123 -123 120¾-121¼ 121¾-121¼ 121 -121 120¼-121 120½-122 119~· 120 118 -118 ll8¼ 115xt 118¼-118)4 115 -117x 117¼-117¼ 118 -118 2d . .... . .............. ... . l'> 116 -117 117%-117¾ - ... . 112½-112½ 114½-115¾ ..• . - .... ll5 -115 112½-112½ Northern Ohio, lst .. l'> 118 -113 L. Shore-See N. Y. C. Leh. Vo.I. (Pa.), coll .. . :S 109 -10 J 11072-110½ Leh. Valley, N. Y.lst, guo.r .• gold ..... . 4½ 109 -110 1 10 -110:X- 110 -110¾ Lll¼·lll,r lllJ,4-112 111½-111½ iOQ:J:(-109;1:! 110 -110 110 -110¾ 109 -109 lOS½-109 108½-108¼ Registered ......... 4;, .... 109½-109¼ll,½-117¼ Leh. Val . Term'l-lst.l'> 118:)4-119 119¼-120¼ .... - . . . 118½-118½ 118-hi-118¾ 108½-108½ Leh.Val.Coal-lst,gu.~ ... - ... . 97 - 97 Leh. & N. Y,-lst, llll,4 .... - . . . 96½- 96½ 97 - 97 Long Islo.nd- .... 117¼-118 tl ½-118½ lst, consol., 1931 .... :) 121½-121!>!! 122 -122 122 -122 Gen. mort., 193S.... 4 102 -ll2 102¾-103½ 102½-103 103¾-104 103¾-104)4 lO J¾-102½ lOJ -103 102 -103 103½ 103¼ 102 -lu3½ t03 -103½ 103 -103 104 -104 .... Ferry, 1st, 192~ ... ,1~ .. . . Unified, 1949 ......... . 4 9;1 -100 100 -102 100 -101)11101 -102 102 -102¾ 102 -102 102)4-102:k, 102½-103 100}.!-101½ 101 -101 10) -101 lCO~ ·lOO¼ Debentures, 193-1 .... a 111 -111 N. Y, B. & .Lll-B,,con.a 116 -llti 118 -118 112 -112 N. Y. & R. B .. lst .... J n ·~½-112!,f .... 112½-112!,t No. Sh. Bra11ch. 1st \'i ll!~-114½:, .... Louisville & Nashv.Genero.l.... . .. .. . ... t 118¾-119~ 119¼-120 119:J;!-120 120¾-122 121 -121>1, 119 -119 110 -119 119 -119 L20 -120 119 -UP½ 119 -119X? l15½-117 - .... 115 -115 lll -111 . ... 116 -116 :JO-year, gold, 1937.ll ... . - ... . ... - ... . 116 -116 116½-117 Unified, gold, 1940 . .4 100½-101½. 101¾-101% 101¾-102¾ 102)4 103 102!,g-103¼ t03 -103l!:f lOt¾-102¼ LOl¼-102)4 101 -102¾ i.00¼-101¾ 101 -101.¾ 101 -101¾ Rel,l'lstered.. ........ . 4 100 -100 - .... 116 -116 l.15¼-115¼ 110¾-lll llO~.i-111 Col. trust, g., 1931, .. tl .... - . . ll5 -115 . ... - ... Coll. trust, :J-~Os ... .4 100¾-lOi 101 -101¼ 101¾-101½ 100½-101 100 -100 100 -100½ 100\,(-101 L00~-100½ 100½-100¾ 98 - IJ9½ {19 - l!tl½ 99¼- 99½ - .... 115 - 116 E. H. & N., 1st ....... . ti ... - .. . 1.14½-lU½ 114½-115 - ... 112 -113¼ - .... 109½-109½ . . .. Louisv.Cin.& Lex.,,l!,. . . . - .. N. O. & Mob., 1st .... ti 128½-1291}.J 129 -130½ .... - .. . 123¼ ~ .... · ~d ...................... . tJ 122 -122¼ ... 115 -115 116¾-116¾ Pensacola Divlslon .. ti . ... - .•.. 114 -114 .. . . 112 112¾ 112¼-113~ . ... - .. .. 114 -114 114½-114½ 115 -117 Pensac. & Atl., 1st .. ti ... 125½- 125½ .. . - . ... 127 -12i½ ... - ... l25½- 125½ . ... St.L.Div.,lst,'21.ti .. .'. ~5 75 7i½ 77½2d, 19!!!0 .............. 3 .... 99 ·100 - ... . 100 -100 Ken, Cent., 19~7 ..... 4 99 - 100 100¾-100¾ 100¾-100¾ 100>4-lOI½ 101 -101 100¾-101 L,&N.&M.,&M,lst4¾ 110¾-110~ .... - .... 110½-110½ .... Nash,Fl.&S.,lst,llu.O . ... - .. . 114¾-114¾ ... - ••. 113 -113 - .... 114½-114½ . . . So. & No. Alo.., s. t .. t, . ... - . . . .. .. - ...... .. - .... 112 -112 L.N .A.&C. -SeeC.1.&L. Manho.t.-Con .• 1990 .4 105½ 106x, 106¼-107 107 -107½ L05 -100 104¾-105~ 101½-104¾ 104)4-105 10!¾-lOi¾ 104!,i-105½ 103½-104,4 104¼-105 103 -104,,! Rellistered ............. 4 .... ... - ... . 103¾·1U3¼ M.etropol,Elev., 1st .. ti l13 -114 113¾-114 113½-114 113¾-114 118¼-lH 113%-114¾ . ... - .. .. lll½-112 111½-111½ 111 -1:1!2)4111'4-112!,f 112¼-112¾ b2¼- 84 79 .- 80½ 74 - 79 79½- 83 Mex.Centrnl-Consol.4 82 - 88½ 82¼- 88 82¼- 84 88¾- 85 82¾- 84¾ 81¾- 52½ 82)4- 82¾ 80¼-- 83 1st consol. income ... 3 81 - 33½ 30¾- 32½ 80¾- 341J.,i 33¼- 36½ 31¼- 84 31¼- 33~ 32 - 33½ 31½- 33½ 28 - 32¾ 26¾- 29¼ 25 - 27% 21 - 26 22½- 25½ 20½- 23½ 21 - 22¼ 22 - 22¾ 22 - 28½ 18½- 22 17 - 20 lo¾- 17¼ 14¼- 18 21½- 24 2d con sol, iucome .... 3 21 - 23x, 22 - 23 . ... 96 - 96 Coll. u·ust, 1907 ... 4½ .. . . 96 - Q8\kl 98¾- 98% U6.l,f- 97½ 97½- 97½ ... . Mex. Nat'l-~d, inc., B, 85 - 85~ 89 - 40¼ Tr. Co. ctfs. deposit . .... 1st, 6s, Tr. Co. ctfs . ... 100¼ 100½ 101 -101 Mich. Cent,-See N. Y.C. M,L,S.&W,-.See C.&N. lll, & N .-See C.M.&S.P. Mlnneo.p. & St. Louil!l1st, gold, 19~'7 ..... ... 1 147½-147½ - ... ... . . - .... 144~4 · 1-U~i - .... 118 -118 - .... 119 -119½ 121 -121 - .... l.19¼-119¼ .... Ia. Ext., 1st, 1909 .. 1 119¾-119¼ L27 -127 - . ... 120¾-129¼ . ... Pacific Ext., 1st ... . . ti .. - .... 127 -127¾ .... - .... 126¼-126¼ . . .. Southw, Ext., 1st ... . , 121 -121 - .... 121 -122 1.2 1 -120¾ 1.20 -120 22!)4-123¼ 123 -123 1st, con., 1934, a- . .• . /i 120¼-120½ 122 -122 122¼-122¼ 124!-ia-124½ 12214 -123 1st & ref., 1949 ...... 4 103½-104% 104¼ 10.s 103½-104 104¾-105½ 104¾-1U5½ LU5 -105½ 105¼-106 L05¼-105J4 10! -104)4102¼-104¼ 103¾-103~ 102 -loa Mo, Kan. & Texas97),j;- 98¾ 99 - 99¾ 99½-100¾ IOO¾ ·lOlxi 100¾-101¾ 91l~-100¾ 99¾-100½ 99¾-1001,:! 99~-100¼ 99 -100¼ 90½-101 lst, a-old, 1990 .. ..... 4 98 - 99 80 - 83 81½- 83½ 80 - 83 81¾- 83¾ 81½· 83½ St½- 84¼ St½- 88¾ 88 - 85½ 85% - 87¼ 84 - 84½ 83½- 85 2d, Income, 1990 ..... 4 82½- 84 1st, exten., g., 1944.l'> 103 -106¼ 105 -105¾ 105!)4-107 107 -108 104¼ 10611, 104~-1071}.j .... - ... . 106 -107¾ 106 -108 106 -106 i.03½-105 102½-103 St. Louis Div., 1st .. 4 . .. - . . . .. .. - ........ - . .. . .. . - ........ - . . .. 85½- 87¼ 86 - 88>4 87½- 81½ .. . - .... 86 - 6 Do.II. & Waco, 1st... O 105 -105 102 -106¼ 106¾-106¼ ... . - .... 102¼-102~4 . .. - • • .. . •• - • .. . • •• - •••• 106¼-106¼ . .. - ....... 88 - 90 &l - 90 88½- 88½ 91 - 91 90¼- 90~ .. .. - .... 91 - 91 90½- 91½ .... - .... 90½- 91 K. C. & P.,lst, 1990.4 91 - 92 ll'I. K.& T. ofT., 1st.ii 105½-107¾ 107 -107 104¼-105)4 105¼-106 .... - .... 106 -107~ 107¾-107¾ 108½-108¼ 105➔-{-106)4 105~-105½ 101 -103 100 -lv! - .. .. 105½- lu5½ Sh. S. & So., l 1!1t gu .. 5 101¾-105½ .... lllo.Kan.&East.-lst.l'> llll,4 ·112 lll¾-112 113 -113¼ 111½-113 111¼· 112½ 111 -111¾ lU½-112¼ 112¼-112½ 113 -113 109½-.lOtt¾ 109¾-109¾ 109 -110 Missonri Pacific3d, 1906 ................ 1 114¾-114¾ 113¾-11~ 118!1(-113¾ ... - .... 110½-110¾ 111 - 112¾ 112½ -112½ 112¾-113 .... - ... 113 -113 110 -110 1st consol. .... .. ........ ti 123½-124 123¾-124½ 124¾-125 125 -126~ 122 - 123 L22!,:(-124¾ 124¾-124Xi 12!~-12!¾ 123~-1~5¾ 1~3½-12! 20¾-lilx L20)4 -121¼ Trust, gold, 1917 . . . . ~ 106¾-108 108 -lOQ¼ 106¾-107½1106¾-107¾ lOi¼-108 107!J;t-109 108¼-109 108½-109 lOo¾-107¼ 105¾-1U6x, 105½-106½ lu3 . l • 5>9 ... - ... 107 -108 109 -109 106¾-106¾ 106¾-106½105 -106¾ 105 -106½ 103~ 103¼ 1st, coilat,, ti,, 19~0.~ 107¾-108:J:1106 -107 1C6¾-108 107 -107 9~- 91 1:.12 - 92 92 - 94¾ 93 - U3 95 - 95¾ 92 - 94 03¼- 93¼ 93¼- 94 93¼- ~5 93 - 94 91¼- 94 Cent.Br'ch Ry., 1st.4 91¼- 114 Pac. ot lUo., 11!1t, ex:t .. 4 1.07 -107¾ 105 -105 .... - .... l.04¼-104¾ 105~-105y4 106 -106 . ... - ... . 105 -105 ... - .. .. . . - . . . 10.; -10.; 104 -ll4¼ - .... lH -lu . ... - . .. 116 -116½ .. . - .... . .. - .... ... - . •· LH -114 2d, 193S, ext . .... 5 114 -U4 St.L.&I.lll.a;en.& I.!!,".~ 117¾ 118 117¼-118¼ 118)4-120 116½·ll7½ 115¼-117 l.16½-117¾ 116½-117¾ 116½-117½ 116½-117¾ 112¼-114½ 1.13 -lHx, 1.12 -111 L12½-112¾ - . ... lH -114 Stamp., a;u., I !)31 .. ~ . 111 - 92¼ 92¼- 93¼ 93 - 9!% 9a - 9<1.¾ 92½- 9J~ 92 - 93 9! - 95 94 - 95 92¾- 94½ Q4 - 94½ 94 - 95 Unify,& ret., 19·l9.4 92½- Q4 .... .... 93 93 93½ 93 . .. . .... 4 .. Birm.-194;, Mob. & - .... 100 -102 - .... 97 - 97 lllob, J. & K. C.-ltlt .. ~ .... M.oblle & OhloNew, llold, 1927 .. .. t, 130 -130 130¼·131¼ L31 -131¼ 131½-131¾ 131¼-132 129 -129 129½-129¼ 13J¾-130t.i 129½-130½ 130¾-130~ 128 -128 1st, Exteu,, lY ~7 .... b 127 -128½ 127 -127 - .... 127 -127 ... - .... 97 - 97 99 - 9J 90~~- Oil¼ 99 - 99 98½- 98:)4 99 -lCO 100 -100 Gen. mort,, 1938..... 4 .. .. - .... 93 - v8 lllontllom, Div., 1st.. ~ 116 -116½ 114 -lH - .... 115¼-116 .... - .... Ll5 -11.3 Ill -115 - .... 116 -118½ 117 -117¾ 116¼-116'.h, St. L.& Cairo, col.tr.4 . . . .. . . 91 - 91 . 1()0\~-101¼ Gun;rrtntePd. 1 »31 .'I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • ' 103 RAILROAD BONDS. 1902-CJontiuued. BOND!S. ____ ,_____ - JANUARY FEBR'RV. , MARCH. APR[L. JUNE. AUGUST. MAY. JULY. -- ---- --- - - --- ---- -- SEPT'BER. 0CTOBE1t . .NOV'BER ---- ---- ---- ---DEC'BER. w_._lligh L0w.lfo;rb Low.High L_o_w_. _H_iiz_h ,o_ _ _ _ _ _ _ _ _ _ _ Low.Hhzb Low.Hiizb Low.H\izh _L_ow_.H_ig_b _Lo_w_.H_t_g_b Low.Hiizb ~":..:_~igb Low_._H_iiz_h r_ lUor.L.&T.SS. -Seee ,J•. l!lio.8h. Chatt. & St. L.ht. ................ . ...... ,- 126¼-127 126¼-126¾ 126%-126¾ 128 -128¼ 128 -128½ 128¼-129 125¾.-125¾ . . . . - .... 127 -127 127 -1 27 126 -126 126½-H6½ Con8ol.g., 1928 .... .. ;'i 114 -114¼ 114 -115 116 -116 114¾-114¾ 114 -ll!l¾ 114 - lH ¾ 115½-llo½ 115 -115¼ 116 -116 113 -113½ 112½-J13¼ ll2¼-114 116 -116 htMcM.M. W.&A.6 .... National ofMexico- .... 101 -102½ Prlor lien, 19'.ltL .4½ ... - .... 102¼-102½ 102½-102¾ 102 -102½ 102 - 104 104 -104 101¼-101¾ 101 -101½ 100 -101¾ 100 -101 73 - 75 74¼!- 76 75½- 77 78 - 79):2 77½- 80 l8t, consol., 19;'i'l .. 4 .... - ... . 80¾- 80¾ 80¾- 81¾ 80 - 81¼ 71J - 80¾ 78½- 79½ 78 - 79 New Y 01·k CentralJS. Y.C. & H., 1st, cp .. 7 103¼-103¼ 103¾-103!¾ 103¾-103¼ 103¾ 104 104½-10! % 104¼-lO!U 101¾-lUl½ 101%·101¾ l02 -102 101%-102% L02½ -102;¾ 103 -103 . . .. 101¾-101¾. ... - .... l \J l¾-102¼ L02½-102½ ... Registered ....... . ... 7 ... - ... 103¼-103¼ 103%-103% 103¾-10:3l}fi lOi¼-104!,4 104½-101% Gold, 1991' . ....... . 3½ 108 -109 108½-109 108½-10;} 108¼-109½ .... - . ... 108¼-109 106¾-107 .... - . . . . t08¼-108¼ . .. - ... 106 -106 104 - 106½ - . .. . .. - . .. lu6 -106 . •.. - .... 108½-lOS½ ... Rearhitered .. .... . 3~ 109 -109 . .•• . 102¾-102¾ 102%-103 - .... 102¾-102¾ 102¾-103 103 -103 103¼-103½ 103!1(-103¾ . . Deb., 1SS4-1004 ... ;'i 103%--104 ...• - ... 101¼-101¼ 10~%-102~ .. . ... - . . . 102¼-102½ Regl8tered ........ . :; 103½-103!1( ...• ... l00¾-100:),j ... . ... - ... 101¼-lLl¾ Deb., Ir•, '90-190.'i.4 .... - ....... 99 - 99 - ... . .. , Reg18tered ......... 4 100¼-100¼' .... - ... . 100 -10) L(O -100¾ - . ... 100¼-100½ Debt certM., ext., g.4 100½-101 . ..• - ... 101¼-101¾ 101½-101¾ 99½- 99½ Re1ristt-1•etJ . .. . .... .4 .... - ........ 93~- 94½ 93~- 94% IJ3 - 9l½ 93 - 9!'J,f, 92 _ 94 !15 - 95% 94¾- 95¾ 94¾- 95¾ 95½- 96 95¼- 96¾ 95y, 96 Lake Shore, coll ... 3½ 97½- 98 9~½- 93½ 921,(- 93¾ 91 _ 93 93 - 93¼ 93 - 94½ 93 - 93½ 93 - 94 93¾- 9i 9l).(- 94¾ 93½- 95 Realstered .. .... .. 3½ 94 - 96¼ 93½- 95 92 _ 93 93 - 94 94¾- 95¾ 93 - ll4¾ 94 - 94;¼1 94 - 94 94,½- 95 Mich. Cent'), coll .. 3½ 95%- 97¾ 94¼· 95½ 94 - 94¾ 93¾- 95½ 94½- 95 93½- 93½ .. .. 93 - 93¾ Reaister«>d . ....... .3\.i 9! - 96 93 - 95 Cl. Bitum. Coal, l8t.4 .... - . ... ... - .... 105 -105 .... N.J.Junc., lst,iru .. 4 .... - ....... - .. . West!!Shoi·e,gun.r .. 4 lH! -113 112¾-113 113 -113¼ 112¼ 113% 114 -115¼ 114½-116 113½-114¼ 114 114½113½-1H½ll3 -114 113 · 113¾112 ·113½ -113)4 ll2%-113¾ 112½·112½ l u9 -112½ 113 114 113¾' -114 113 113½-115½ -114¾ ll3 Reaistered ..... ...... . 4 112¼- 112½ 112½-113 112%-113 112½-114 t05¼ 105¾ 102¾-102¾ 104½-104½ .... - ........ - .... 104¾-104½ L.S.&M.S. ·ld, cn.,cp.7 107¾-107½ 107¾-107¾ 107¼-107¼ 107¾- 107% .... 104 -105 · .. 2d con8ol., reg ....... ,- 107¼-107½ 107¼-1 11 7¼ 107¾-107¾ 107¾-107~ 1041,(-104~ - ... 107¾-107½ .... - .... 107¼-107¾ L05½-l06½101½ 106 104 -105¼ Gold, Hm,-....... 3½ 108¼-108¾ LOS -109½ 108¼-103¼ 108¾-108¾ 108½-109¼ - ... 114 -114 Det. Mon.& T •• l8t.7 - .... 127½-127½ .... - .....•.. Mo.hon. Coal, 1st ... . ;'i Illich. Cent., 1st, con.7 101¾-102 102}9-102¾ 102%-102¾ .... ..... . . . ;i . : - .... 101¾-101¾ ..•. 1st, consol 1931. ................... :) .... - .... 132½-132½ ... . - .... 128½-129 13() -130 128 -128 Rearlstered ........ ~ 130 -130 .... - ....... - ........ - •....... - .... 127 -127 - •... LHl½-ll >ixj N. Y. & :No., lst ..... . ;'i 121½-121½ 121¼-121¼ .... - .... ... - ... 121½-121½ R. W .& o., con., lst.;'i 125.¾ -127¼ 127¾-127¾ 127),,1-127½ 124!1(-124¾ L23~-124¼ 123½-128½ 122½-123½ . .. . - •.. . 121 -121 118½-120¼ L20¼-122 121½-121½ Osw. & R., ~d, gu .... ;'i 1139:(-114½ .... - •.•.... - ........ - ........ _ . .. ... . . _ ..... ... _ ........ _ ... 108 -108 . ... - .... 108½-108½ 100%-109% Utica & BI.Riv.,•~ ·l.<1 ... · .N. Y. Cb. & St. L.-lst.4 107 -108 107 -107% 107¼-108 105¾-106~ 105¼-106¾ L05¾-106 105%-107 107 -107 106½-107 104½-105 1@4½-105¾ 1<'4 - 105½ - ... . 105 -105 105 ·105 - .... 106:111- 106¾ ...... ·• Beg-lstered ........ .... . <I •··· N. Y. N. H. & Ha1·t1.Con.db. ct., all ins.pd. 204½-204½ 205¼-206½ 205!1(-200 ~10½-214 - .. .. 225 -225 . . . • - . . .. 226 -22d 226 -229½ . . . . - .. . . . - • . . .. . Housat., con., 1931'.~ 135½-135½ .... 106¼-106¼ ... . - .... - ....... N. Y. & N. Eng., l st.ti 106%-106¼ .. .. N.Y. O. & W.,ret.,lst.4 104 -105¼ 104 -105¼ 103 -103¾ 103¼-105 103½-104¾ 103¾-104 108;½-lO!l½ lOi -104½ 102 -101 101½-103:xa L02¼ -103 100½-103)4 N . Y. s. & w.-See Erle. - . ... 116½-116½ . . . - . . . . . . . • Norf. & So.-lst, '41 .. :) .... Norfolk & WesternGeneral .. .. .. .. .. . .... . 6 134¾-134½ 135 -135 135 -135½ 135½-135½ ... - .. . . t34 -134 L33 -133 133 -133 - .... 131:>,(-131¾ New Riv., 1 st, 1932.6 .... - ... ..... - ....... - ... . 135 -135 135 -135¾ . • - .. •. 134¾-135 13J¾-135'ij ..• - •.•. 135½-136 132¼-132¾ .... - . .• . ... - . . .... ·• - , ... 129 -132 lmpt. & Ext., 1934 .. 6 .... -. .... 132 -133 133 -133¾ . . . - . 100 -101'!,-4 9Q -100½ L00½-101¼ 101¾-102%102½-103¾ 101¾-102 101½-102 LOl½-102 101½-102 103¼-103% N.& W.Ry., lst,con.4 102 -103 102!1(-104½ Relll8tered ... ....... . 4 100½-100½ . . . . Sc. Val. & N. E., lst.4 101½-102 102 -102¾ 103 -104 103¼-104~ 102 -102¼ 101½-102½ 102 -102½ 1021,!-103 102 -11)3 .... - .... 100¾--101 100½-101½ 90 - 93 93 - 9! 93 - 9472 92¾ - 04 9!l¾ - 95 92 - 93½ 92¾- 95 Pocah.C, &C.jolnt.4 .... - ........ - .... .... - ... . ... . - .. . Northern Pacific-104 103 102%-103¾ -103½ 103 -104% 104 LO!¼·l04>f! -104¾ 104 101¾-105½ Prior Hen .. ..... . .. . ... 4 104¼-105¼ 105¼-105¾ 105¾-106¼ 105 -105½ 104½-105½ Registered . .......... 4 104 -105 10! -105½ 104½-105½ 103¼-103¼ .. . - .. 104 -10! 104¾-104¼ 104¾-10!¾ LO!lJ,,! -104¼ 102 -102 10~½-lOi t03¼-103½ 7i¾- 75¾ 74¼- 75¼ 74 - 75¼ 72Ya- 'i4½ 72 - 73¾ 71 % · 73 74¾- 'i4¼ 74¼- 74¾ 73 - 73% rn}I!- 75 General lien, 2047 .. 3 73¼- 75¾ 74¾- 75 - ... . 72½- 72½ 72 - 72 72 - 74 75 - 75 Rellistered . .......... a 72 - 72 - .... 102 -102 102,½-102½ .... f!!t. Paul-Dul. Div.-4 100 -100½ 100 -100 - ........ - . .. 129¼-129¼ . . . St . Paul & No. Pac .. ti . ... - .. .. 127¾-127¾ 12:l -128 L28 -128½ St. P. & Duluth- .... 122 -122 - .... 118 -118 l8t Mort., 1931 ... . !) 121 -121 .... - ... . 110 -110 - .. .. ll.1½-111½ ... - .... 112½-112½ 1 2d, 1917 .......... . ... ~ .. .. - ... 112½-112½ . ... - .... 110}4-110¾ - . .. . 100 -100 .... 1st, consol., 1968 .. Ll 100 -100 .• .. Wash. Cent. l8t,'4S.4 . .. - .... 94½- 94½ . ... -116 116 ... _ .. . . -119½ 119 .... 118¾-119 - ... . 117,½-)17½ 117½ 117½ -116¾ 116 -115 !So. Pac. Ter. Co-lst.. 6 115 113 -114 Ohio Rlv. - l s t, 1936 .. o .... - .... .... - .... 110 -110 - .... 108 -109 108½-109½ G e n. gold 11137 .. ..... ~ Or.RR.&lSav.~ See 01•. Ry, & Nav. Union Or. l!!bort Line. Pac. Pacific Coast Co.-lst.~ 112 -113% 114 -114 113½-114½ ... - .... ua -118¾ 109½-113¾ 111 -112 111 - 112 l12 -113 Ll2 -lH 110 79 -112 108 .-108,½ - ..• . 101 -101 Panama-1st, s. t ... .. 4¾ .. . . - .... 101½-101½ 101½-101½ 102 -102 102½-102½ .... - .. . . Pennsylvania Co...• . L00,½-110½ .. . - . ... lll -111 18t, coupon. . ..... .. 4 72 112 - 112¾ 111¾- il.3¼ 113 -113 113 -113 112¾-113½ 113¼!-113½ 111¾-11H4 111½-111½ - . . . . l09½-109½ - .... ll2¾-112¾ 112¼-112;,s 110¾-110¾ . ... Registered ..... .... 4½ lll½-111½ 112 -112½ 112 -112 9:3 - 98 98¾- 98¾ 97½- 97% . . . . - • . . . 98¾- 98¼ . . . . 98 - 98¾ 97,½- 98 Guar., 1941, B .. . ... 3½ 99 - 99 1,6 - 97 - ........ .... - ... . 07½• 98 Tr. Co.ctfs.,au.' 16.3x ... . - .... . ... - ........ C.St,l..&P ,lst,'32.. ;'i 123 -123 ..•. - ... ... .. - ... ..... - •... 122½-122¾ .... - ... 123 -123 - ... 115 -115¼ ... . - .... P.C.C.&St.L.,!Sr,A4½ .... - .... 116½-116½ .... - ..•. 114¾-ll!l¾ - ... . 112 -U:2 112¼-112½ 113 -113 Serie!!! B., 1942 ... 4½ 115½-115½ .... - ........ - .. . . 114¾-114!14 .... - . ... 115¼-115¼ 115¾-115¾ 106¾-106¼ . .. Series D, 194~ ..... . 4 .... 07½- 97½ 97 - 97½ .. .. Series E, 1949 . ... 3¾ .. .. - ..... . .. - ... . ... - ... . l27% •127¾ - .... 128¾-128¾ - .... 132 -132 Pltt8.Ft.W.&C., lst.7 130 -131 131½-131½ 131½-131½ .••• l27!1(-127!}4 - .... 128¾-128¾ 131½-131½ 2d, 1912 ... .......... 7 130 -130 130 -130 -111 111 .. . ..• - ..•. 111 -111 111½-111¾ .... G.Rap.& I.,lst ex.4 ½ .... Penm,ylvanla RR.- .... 105½·105½ 106 -106 - •... 110¼-110½ .... Real ei,,tate, 1913 .... 4 .... - •... 103¼-104½ 103½-lO!l½ lO!l¼-108 107¼-109)4 109¾-112% t06½-110h, 105¾-108¾ 103¾-107~ Conv., irold, 191!l .. 3J.2 .... P .& E.-see c.c.c&s.L. Peo.& Pekin Un.-l8t.6 130 -130 130¼-130¼ ..•• Pere Marquette- . ... 121%-12271 - .... L21 -121 Flint & Pere Marq .. ti .... - •••....• - .... 125 -125 124 -124½ ... - .... 12!1%-125 - ...... , - .... - •... 112½-112½ - .. . . 112 -112 l8t cons., g., 1939.~ 114 -114 114¼-ll!l¾ 115 -115 .... 111½ 112¼ - .. . . 113½-113½ 111 -114 113½-113½ ll !l¾-114% ll4¾-ll!l% lll¾-111½ .... ' Pt. Hur. Div., 1st .. ~ 117 -117 P.C.C.&St.L-See Pa.Co. l12½-112½ .... P. & L. E., 2d, 192~ ... !) . ... • · 19 -119 .... 121 -121 121 -121 Pittsb.Sh.&L.E.-lst.o .... - . . . 101 -101 102½-102½ 101 -101½ 101½-101½. 101½- l Ulx; 102 -102½ . ... Pltt8b. & We8t.-lst .. 4 100 -101 100 -100½ .... IOL .. 1110 - I OU 11,1 101 -lO L J.P. M. & Cn , r.tf.. . .. . .... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , 104 R.AILRO.AD BONDS. 1902-t :o nli•u• .... BONDS. JANUARY fi'EBR'RY. MARCH. MAY. APR{L. JUNE. JULY. AUGUST. SEPT'BER. OCT0BEH. N0V'BER. DEC''Bl!:R. Low.High Low. Hb:b Low.High Low. High Low. Hiirb Low.High Low.High Low.High Low.High T,ow.Hillh Low High Low.Hhrh ------------- - - - - - - ---- - - - - - - - - - - ---- ---- - - - - - - - - - - - - . . . - •... ld-20¼;-120½Plttsb.Y.&Ash.-':!'7./i .... - ........ - . ...... - .... ... : - . ... .. .. - .... 111 -111 ... . - . . . . • .. • - • . • . .. . . - • 97¾- 98½ 97½- 99½ Ofl - 98'-, PIil,,{- 97-U 95¼- 97¾, Readjng-Gen .• 19~7 .4 97½- 99 98¾- W¾ 98¾- 99~ 9$¾- 99% 99¼-100¾ 99%-101 98 - 99 97 96½~6½ 95½96½ 93 94 92½!94 92 - 93¼ Jersey Cent. t'ollat... 4 .... - .... 97½. 98 95½- 96 95¾ 96¼ 96¼- 96½ 96 Rieb. & Dnnv.-See ~o. Rio Gr. Weste1·nlst M ..... ....... ..... .. 4 100 -101½ 100 -lOH~ 1001}1· 101½ 101 -101½ 101 ·-102¾ lOt!}J-102~ .too -101¼ 100 -100¾ 99 -100¾ 99 · 100¼ !l!l¼ 100¾ 9J -100 Mort. & coll. tr., A ... 4 93 - 94 95 - 95 94¾- 95¾ 92!1,(- 92¾ 93 - 1Jal$:t 94 - 94¾ 93¼- 94¾ 93¼- 93½ 94 - 9!¼ 91¼- 111¼ . ... Utah Cent., 1st. '17.. 4 97 - 97 .... - •.. . ... - .. ...... - .. . Rio Gr. Junct'n-lst .. /i ... . ... · - .... 112½-114¾ 113½-115¼ 114 -114 IUo Grande !ilo.-l•t .. 4 .... 82 ·- 82 ..•• 82_½ - 82½ 80½- 80½ .... Guar., 1940........... 4 91 - 92 94~- 94~ 92½- 92½ .... - .. . . 93½- 93¾ 94' - 94¼ 94¼ - 94~ .. .. 92¾- 93 R. W. & 0.-See N. Y. C. ~t.J.& G.I.-ht'41.3•4 95 - 96 95¼- 98 97½- 98¾ 98 - 98¾ 97 - 98 93 - 99½ 96 - 96 97 - 9 7 96¾- 97½ 97 - 97 97 - 97 8t.L.&I.M.-See M.Pac, St. L. & San Fran.ClaH B, 1906 ........... fi 111½-lll¾ 110 -110¾ 110)4-110½ 110½-110½ 107½-107½ 108~-108¼ 107¼-107¾ 107 -108¼ 107¾-107¾ 108 -108 105¼-105¼ 106 -106 Class C, 1906 .......... ff .. - .... 110,s-llOJ.1i 110¾ ·110¾ 107 -107 .... - . .. .... . - .... 108¼-108¼ .••• General, 1931 ........ ti 1311,g-133½ 133½-134 .... - .... 132¾-132¾ •••• - .... 131½-131¾ 130,s-130,s .•.. - •.•. .•. - •... 130)4-l;ll½ 130 -!HO General, 1931 ........ ~ 115~-118 .... - .... 117 -117 117 -117½1116½-118 .. 117 -117 114½ 114½ lU -114¾116 -118½ 114 -115 115 -115 115 · -115 St. L. & !ii. F. RR.-ir .. 4 9,l -100 98½- 98¼ 99 - 99 97½- 99 99 - 99 99 - 99 99¼- 99½ 101 -101 . . . . - . . . . 97 - 97 Refuncllng. 19/it ..... 4 "•'½- 98 97½- 08¼ 97½- 97~ e97¼- 97¾ 96¾- 97½ 97 - 98 97 - 9',½ 96 - 97½ 94½- 95¾ 93½- 9;, 91%- 95 94 - 94!4 S. W. Div .• 1947 . . . . ~ 100 -100 • . K.C.F.S . &M.,con.U - .... ... . - ....... - . ... 126,s-125li···· H...C. Ft.S.&M .• ref.4 90¾· 91¼ 91 - 93 92 - 94¾ Ill¾- 92¾ 91 - 91½ 90¾- 91¼ 90¼- 91¾ 91 - 92 91 - 92¼ 87½ -89 !-6 - 88 85¾- 86¼ ·st. Louis Soutbw'nlst, 19S9 ....... .. .. .. . . 4 96,s- 99½ 98 - 9P 98 - 99¾ 99¾-100½ 97½- 98¾ 98½-100¼ 99¾-100¼ 99 -100 99 -100 98 - 911¼ 95¾- 98 94 - 96½ 2d Inc •• t9S9 ....... .. . 4 77 - 79¾ 78¼- 79½ 79 - 80¾ 80½- 88 83¾- 85½ 85 - 87½ 85 - 811¾ 89 - 90½ 88½- 89½ 87 - 88~ 85¼- 85¾ 81 - 85¼ Trust Co. certUic's. . ... 81 - 81½ 80¾- 81¾ 81¾- 81¾ .... - ... . .... -• ....... - . . Consol., aold, 193:1 .. 4 . . .... - ........ - ........ 88 - 90 88½- 89½ 88½- 90½ 88%- 88¼ 88 - 88 80 - 86 St.P. & Dul.-SeeN.Pac. !!It. P. Minn. & lllan.2d mort., 1909 ..... .. 6 116½cl16¾ 116½-117 .... - .... 114¾-114~ 114½-114½ 115½-116½ ..• - •••. 112 -112 . - .. 112¼-112!4 l11t, consol., 1933 ... . 6 137¾-138½ 138¾-139¼ 139!1:(-140¼ 140½-141½ - .... 133%-186½ .... - .... 136~-13tl\ 136½-13i¾l37 -187¼ Reglstered ........... 6 .... - ........ - .. . . ... - .... 139 -139 140 -140 Reduced to ......... 4½ 114¼-114¾ 114 -114½ 114 -114¾ 115 -115¼ 115 -115½ 115 -115½ 112 - 113 112¾· 112¾ 113,a-il3¼ 112½-lU½ I ,2¾-112~ 112¾-112~.f_ Dakota Extension .... 6 116½-117 117 -117¼ 1179:(-117¾ 11$¼-118¼ 115¾·115¾ 115¾-115¾ .... - ... 115½-115½ ... - . ... ll5¾-115¾ 113,s-113¾ Mont.Ext.,lst.1937.4106 -106~ .... - .... 106¾-107¾ 109 -109 107~-107¾ ... - ... . 105¾-106~ 106 -106 106 -106 104 -10& 105¼-105¼102½-104 E.Mlnn., 1st Div.1st.Ii 106¾-107 .... - ... . 107½-107~ ... - ........ - •.. 100¾-106¾ .... - .... 107• -107 107½-107½ .... Mont.Cen.,lst,1937.6 .... - ........ - .... 140¼-140¼ 141 -141¼ .•.• - ........ - .... .... - .... 133½-133J.,i 1st, guar., 193'7 . ... ~ .. .. - ....... . - ... . 124¼-124¼ 124½-125 .... - .... 124~-124½ ... Will. & S. F •• l st ... Ii 124¾-ffii½ 125½-125~ . .. . - . . . . . . . - . .. . . . • • 8. A. & A.P.-SeeS Pac. Sav. Fla. & West.1st. cons,, sr., 1934 .. 6 .... - .... 128 -128 Ala. Mid., 1st, 1928.1) .... - .... 110 -110 .... 111¼-112¼ Sil. ~p. O. & G •• iu .. 4 89½- 92 .••• - .... 98¼- 93¼ 93 - 93 . . ...... - .... 95 - 95 - •.. 96 - 9J - .... 97 - 97 8eabc,ard Air Line .. . 4 .... - ...... .. - .... 84 - 87¼ 85%- 87¼ 85¼- 86,s 85¾- 86½ 86¼- 00 86¾- 89 ~4 - 86~ 83 - 85 82½- 84 Collat. trust, 1911 .. 1) .. . - ....... - .... 104¼-105>1J 102¾-103 103 -103½ 103½-lOi¼ 104 -104¾103½-104.¾ 103 -104½ tOl -102 100½-101¾, 8. & R.-Car. c., con .. 4 .... - . . . . 96¾- 96¼ ... - ..... ... - .. . . . . . . - . . . 97 - 9:, 97 - li7 s. c; & Ga.-See Soutb'n Southern Pacific Co.2•/i-year, J 90:i ... 4½ 99 -100¾ 100¼-101¾ 101 -101¼ 101 -101% .. . . - . . . . 99 - 99¾ 99½-100½ 100 -100½ 99 -100¼ 99¼-100½ 100¼-100¾ 97¾- 98% Collat. trust, 1949 .. 4 93¼- 94¼ 94¾- 95 94¾- 95 94¼- 95¾ 95 - 96 92 - 93¾ 92½- 94 93¾- 95 9a - 95 9:>.¼- 94¾ 9t½- 94 89 - 91¼ Reiiisaered ........... 4 . . . - ........ - .... 94%-94~ 95 -95 .... - ........ - ........ - ........ - . . . . . . - .~. . .. . - ... .. ... - ... . ... - .. . . Ven. Pac., 1st, ref.g .4 103¼-104 101¼-101¾ 101¾-102¼ 101¾-102½ 101¾-102~ 102½-103¼ 102¾-103¼ 100½-lOlJ.4100¼·101 100 -l(Jl lOtJ½-102 101¼-101¾ Mort., gu., g.,'29.3½ 87 - 87% 87¾- 80 88½- 89¼ · 88½- 89 88¼- 89 87 - 88>,; &;14- 89¼ 8:3½- !:!8¾ 87½- 89¼ 85%- &; e6 - 8 7 84¾- 85¼ G. H. & S. A., lsr .... ti .... - ....... - .... 109¾-109¾ 112 -112 .... - .... lll¾-113 .... - ... . llu,s-~11 110 -110 110 -110 ~d, 190/i ........ .... , .... - ........ - ... 108 -108 m.. & P, Dtv., 1st .. /) . ... - .... 109½-109½ ..•. - ... 110)4-110¼ .... - .... 108 -ll~ Gila Val. G,&N.,lst.1> .... - ... 112 -112 108 -109½ .... - ........ B. E.& W.Tex.,lst./} . ... - .... 105 -106 - .... 10a -103 1st, iru., g., 1933 . .. I} .••• - •••••••• 102½-102¼ Dons.& 'l'ex.v •• ht.~ 110¼-111 111 -111¾ 111)4-112 111¾-112¼ lll½-112 112¼-112½ 110 -111 111 -llt 110½-111 lll -111¾ lll!,4-111¼ 111 -111)4 Consol., :,r., 191~ ... ti ... - . ... 113 -114¼ 113¼-114½ .... - .... 110½-110¾ 113¼-113½ ... - .... U0¾-111½ 110¾-llQ¾ ll2 -112 General, g., 19~1 .. 4 98¾- 95 05 - 95,s 95 - 95 94 - 95 9!¼- 95 94¼-· 95¼ 95 - 95¼ 9tl - 9tl 96 - 97 90x.- IJ;j 90½- 9a 111½- 92¼ Waco & N. W ., I st ti 126½-127 125!'4-127½ ... Morg. La. & 'I'., lst.1 lll5 -137 - . ... 130 -130 .... - .... 133½-133½ .... - .... 134½-13!J.,i .. . 1st, 1920. ........ ti 123 -123.½ 123½-123½ .. .. - . ....... - . . . . . .. - ... . 122 -12~ ~an An. & Ar. Pass.4 87¼- 90 89¾- 92 91 - 91¾ 90¾- 92 90¼- 91¼ 90½- IH¾ 88 - 89¾ 88¾- 89¾ 88 - Bil% i:!6 - 89 ,.6\4- 87¾ 85 - 87¾ So.Pac.,Ariz.1909 ... 6 112¼-112¼ 113 -113 tt3 -113 112¾ 112¾ .... - ....... - .. . 1st, 191U ............ ti .... - ........ - ... 114 - 114 114¼-114)4114¼-114¼ 114¼-114½ .... - .... 112½-112½ . ... So. Pac., Cal., 190~.ti 107;14-108¼ . ... 105¾-105¼ .... - .... 105 -105½ .... .... 105½-105½ 105¾-105¾ l8t, 1 U06, U. & D .. ti 110%-110¾ .... l st, 191 ·1 ......... ... .. ti .... 119½-119½ . • • • S.P., Val. l11t, consol., stamped, 1905-3'7./i 109 -110¼ 110,s-lll 110¼-110% 111 -111 108½-lOV 109,s-109~ 109¾-109¾ 109%-110 110 -110¼ 10$¾-108:1,i 108½-108¼ S. Pac., N .Mex., 1st.ti . ... - ........ - .... 115 -115% 115%-116¼ . ... - . .. 112 -112 T. & N. O., 1st, '05. , .... ... - .... 108 -108 .... - ........ - ........ t!labine Div., 1st . .. 6 .... - .... 114¼-114½ . . .. - ....... - ... . .... - •.. ..... - .... lll½-111.½ . . . . 8outhernlst, consol., 1994 .... :, 119½-121½ 119½ -120!!,( 120½-122¾ 122¼-123 122¼-123 123,s-124 120¾-122~ 121 -122 11$¾-122 118 -120 ll8 -119 118 -120 B.e1rh1tered . .. .... ... . :> 122 -12.2 .... :- . . . . .. . .. .. - ... ... .. - ........ M. & o. col. tr., '38.4 97 - l/8 97 - 99¼ 98 - 99 98 - 99 98½- 9J 98¾- 99 98¾- 99¾ 99 ·100 97¼- 97¾ 95)4- 9o 94½- 94.½ 94 - 95 Mempbh Div . . ... '1½•:i .... - .... 112¼-113 115 -115 - . .. . . . - ........ St. Loub Div·• lst ... 4 99%-100½ 99¾-100¼ 99½-100½ 100½-101¼ 101 -101¼ 101 -101¼ 100,s-100¼ 100¾-100½ 100½-100½ 99 -llO U9¾-100½ 1!9½-100)4 Atl. & D., 1st. g,'-i~.4 94 - 96¼ 1,6)4- Otl½ 96¼- 96¼ 97 - 97 98 - 98 98½- 98½ 95¾- 95¾ 96 - 96 96 - 96 95 - 95 Col. & t..r,, l 111, '16 .. b .... - ....... - ... 119 -120 E.T. Va.& Ga., Div.. 5 117 -117 117½ 117~ 118 -118 120 -120½ 118¾-lH ll9¾-119~ - .... 116¾-116¾ .••• 117½ 117.½ 117½-118 Consol., ht, g ........ a 120 -120_½ 121 -122,½i 121¼-122 122¼-122¾ 120)4-122 Ul -122 121 -121½ 122 - 122 122 -122½ 121 -121.½ tl8¼-118½ 118 -llU¼ E. Tenn. reorg. lien .. a .... - .... 116½-116.½ .... - .... 116¼-116½ 113½-l'l.7¼ 117½-117¾ - .... 114 -114 .. . - . .. 114¼-114¼ 116)4-116¼ Ga. Pac., 1st, gold .. . ti 125 -125½ 126J.1i-126½ .... - •... 127½-129 128 -128 128 -128 126)4-126¼ 126 -126)1. . ... - ..•• Knox. & O., 1st, ir ... t, 125 -127¾ .... - ....... - ........ - .... . .. - ... 126¼-12d¼ - .... 126¾-126¾ Ricb.&Dan.,con.,g.6 120)4-120½ 121½-122 121¾-121 ¾ 122¼-122¼ 122 -.122½ ... - .. . . 119 -121 - .... 122 -122 . ... - .... 120½-121¾ Deb., 19~1. stamp 5 ... - ... 112¾-112!'4 113),4-11:!¼ .... - . ... lll¾-111¼ .... - ....... - .... , ll¾-112 lll -111~ Rich. & lUeck,, '48.. 4 .... - .... .. - .... 90 - 90 92 - 92 ~Cl'. Car. & Ga., 1-st .. a 109 -109¾ 110 -110 110 -110¾ 110%-111 101) -110½ 110 -112 111 -111}1i 110¾-110~ 110¼-111 109½-109.J,, 106 -108,½i 106¾ 107 Va. Mid., ser. C, '16.6 .... - .... 123 -123 8erle11 D, 19:Jl ... 4-d .... 113½-113½ ... . Series F, 1931. ..... f, .... - .... 114 -114 ... 114, -114 General, 1936 ..... . Ii 115 -115 - ... . 115½-116 115½-115½ 116 •116 - .... 117 -117½ 116½-11 7 .. - .... 114 -115 Wa8h. 0, & W ., '!14.4 .... - ... . 98 - 98 .... - .... W. N. Car., 1st, con.ti .... - .... 120 -120 .... - .... 120½-120½ 120½-121 120¼-120½ .... - .... 118½-lll'IJ.\' 118,s-li~¼ ;i~¾-118 ll9 - 119 Staten hl.-1111, '43.4X. .... . ... 98¾- 98½ 104½-104½ ... - . .... . . - . .. . .. . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 •... 0 - _________________ _____________ ___ ___ _ __ ____ ___ ; .:._ .;._ .:.._ : :...._ RAILROAD AND MTSUELLANEOUS BONDS. 105 1902-C,ontinued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER.1 OCTOBER. NOV'BER. DEC'BER.. Low Rig~ Low. Hifth Low.High Low. High Low. High Low. High Low.High Low.High Low.HighlLo~.Higb Low.High LO"!.Higb - - - - - -· - - - · - - - - ·- - - - - ---- -------·--------- ---- Term'I Ass'n of ~t. L.- .... 111 -111 ht, 1939.............. 4¾ . . . . - . •. 114~-114½ .... - . .. lat, con sol., 1944 ... . ;} 116¾-116½ ..•. -• -· .. 116¼-116½ ... - ........ - .... 116¾-116-U .... - . ... 118 -118 ..•. - ... . 118 -118½ 119 -119 111! -119 St. L. Mer. B'a-e Ter.3 118¼-113¾ ...• - ......•. - . . . 112¾-112¾ 115 -115½ .. - ... Tex. & N. o.-see So. P. Texas & PaclficlOl¾-101¾ ... - . lst, Eastern Div- .... ti .... 1st, irold, 2000 ........ 3 119 -121 120~-121 120"·121 12~-121¾ 121 -122 119¼1-119¾ 1193,s-120 120 -120 120 -121½ 119 -121 120 -120¾ 11,1 -118 9::! - 9 IJ9½- 99~ 99¾- 99!,4 100 -100 98½- 993i 99½- 99½ 90 -100 'Id, ir,, Inc., !1000 ..... 3 98 -101 100 -102~ 96 - 98¾ 97¼- 99 ••.• Toledo & Ohio Cent'l.... -114, 114 112¾-112½ -114 -114 lH -114~ 114 114 .... .... 113¾-113¾ lltt, 193;} ....... ........ ;} 114¼-114½ .... - ... . 11$¾-113¾ w. Div., 1st, 1933 .. 3 .... - ...... 107 -108½ .... - ... . 108¾-110~ 109 -109 - .... 109 -109 . . . . General, gold, 193;}.;} .... 94¼- 96 96 - 96),.( • • • • - . • . . 98½- 98½ . . . . Kan.&M.,ht,(ln,,a-.4 98¾ · 98½ 98¾- ~ 98¾- 98¾ 98¾- 98~ · Toi. Peoria & West,92 - 92 .... - .... 91 - 91. 93 - 93½ 91¾- 92 92½- 93 ht, 1917..... ..... . .4 91 - 92 01 - 92¾ 92 - 93 92½- 93 Toi. St. L. & West'n82¾- 89 90 - 91~ 90 - 90¾ 91 - 91¾ 91~- 91½ 91½- 92~ 88¼- 90½ 90¾- 90~ 001,.(- 90}4 88½- 90¼ 89 - 90 Prlor lien . ....... ... 3½ 90¾- 91 30-year, a-,, 1923 ... 4 82½ 83¼ 83'7Ai- 87 84½- 85¾ 81¾- 83¼ 82 - 83¼ · 821-9- 83½ 82M- 83¾ 83 - 84½ 82½- 8'1 78 - 81 78 - 80 75 - 80 98½- 98½ 99 - 98~ . ... - ....... - ...... . Ill! - 99½ 97 - 97 Tor. H. & Butf,-ht .. 4 97¾- 97½ 98~- 98¾ 99¾- 99¼ Ula. & Del.-lst, con .. ;} 111 -111 111¼-111¾ 112 -112 .... - .... 113 -113 110½-lll½ 111½-111½ 112½-112½ ... - ... .... - .... 114 -114 •.<9 -109 · Union Paci.fie~rn-yr,, a-old, 194,-.... 4 104~-105¾ 105 -106~ 105½-106)4 104¾-105¾ 105½-106¼ 105¾-106½ 104"-104¼ 104½-1053,s 104½-105¼ 103)4-105 104½-105¼ L03¾-105 Rea-lstered ........... 4 105 -105 105 -105½ 10!½-106 104½-105¼ 105)4-105¼ 106½-106½ 104¼-lu4¼ ... - ... 105¼-105¼ 104 -104 ... - . . 103 -105 ht lien, conv., 1911.4 105¼ 107¼ 105¼-1073,s 105l}:(-106¼ 106%-110¾ 105~-107¼ 107 -108½ 107)4-110½ 1083,s-112¾ 107½-118¼ 106%-110¾ lu5¼-107\h 103 -1, 63,s. •.. . , ... - ........ - ... . . .. - . .. . ... - .... . ... · - ... 105¼-10->¼. - .... 106 -106 Rea-lstered ........... 4 . . - .. . .... ... - ... . .. • •.. .... - • .•. . .• - .•. . .... Or. Ry, & Nav. l8t .. ti 109 -1C9 .... - ........ - ... . . .. Or. RR. & Nav.,con.4 102 -103½ 108 -104½ 104 -lW½ 104 -lOi½ 104¼-104~ 102%-103~ 103 -103½ 102¾-103¼ 103 -104 101½-103 102½-103¼ 100 -lOL Or. Short Line, 1st .. 6 128¾-129½ 126 -128 127 -128 126¼-127¾ 127 -128 126½-128½ . ... - •. . . 126li9-126 125}9-126¼ 125 -126 125¼-126½ 1, 5 -12j Or. s. Llne,lst, cons.;} 117 -118 117½-118 ll7¾-119 118¾-119½ 118 -119 118%-119¾ ll6½-117 116 -117:J;i 1L6 -117¼ 115 -116 ll5 -116 L15 -ll5¾ - . .. 92¼- 96 92 - 94½ 923,s- 93'.¼ Ul¾- IJ6~ 48 & partlclpatlna-...... . ... Ll5 -115 Utah & No,. ls1, 'OS.7 - .... 114½-114½ .•. 1926 ................... a Va. Mld,-See Southern. Wabo.sblst, a-old, 1939 ... ..... ;} 118¼-119 US¾-119 119 -120 llri½-121 LlS¾-120¼ 119¾-120 119 -120 118¾-120 118 -120¾ 119 -120).\ Ll6 -118 tl5 -116¼ 2d mort,, a-old, 1939.;} 114 -114¾ 111 -112 110½-111¼ 110¾-ll l½ 110½-112½ lll¼-112½ 112!4-113 109 -110½ 109 -110)4109 -110 L07¼-110 107 -108½. .. . - .... 101¾-102 .... - . . . 103 -103 100 -100¾ ... - ... . ...• - ••. . 104 -104 100¾-100¼ l · 4 -lt>!i Deb. Inc,, 1939, A .... 6 .... - .. .. 100 -101 Deb. Inc,, 1939, B .... ti 66¾- 69¼ 68¾- 76 72¼- 76½ 74¾- 78¾ 74½- 78 73¾- 'iS½ 75¾- 78 76 - 78½ 7'i¼- 89 76 - 84½ 75 - 81 7Vi}f,- 77!,(, ,O!i½· l04½ - ... . 107 -107 .... 105 -105 ~105 -105¾ .. .. - .•. . 1st lien, •• J,, 19~1 .. ;} .... ... - . .. 111¾-lll¼ ... - ... 109 -109½ 109½-109½ .... ~ .... 110½-110½ .... - .... l\0½-111 109½-110 D, & Ch, Ext. L94U . . ;} .... 97 - 97 Des M. Div., 1939 ... 4 95 - 95 69 - 89 88:l<(- 88½ 85¾- 85¾ 83~- 83¾ 83 88¾- 89 88¼- 89 86¾- 88½ 87¾- 80 87 - 88 87 - 87 Omaha Div., 194 J.331! ... 98 - 98 T, & C. Div., 1941..4 .... St. L, K, C. & No.101:J -109 lll½-111½ 109 -109 110 -110 H0½-111 l!lt. C, B'ire,lst,'OS.ti .... West, N, Y. & Pa.1st, 1937 . .............. a 1193'-120¾ 120 -120,½ 1203'-121 120¼-121 120½-121 121 -121½ 119 -119¾ 119½-119¾ .... - .... 119 -119¾ 118 -119 ll9 -119¼ 99 - 1:19~ 99 - 99 99¼-100 98¾- 93½ 118¾- 98¾ 95¾-lOO 100¼-lOl¼ lf.1¼-101½101¾-102 Gen'l, 1943, gold .. 3•4 100 -100 99½-100 100 -101 W,Vn,C.&Pitt,-lst.ti 112½ ·114).v 118 -118 .... Wheel,& L,Erle-181.a .... - ... . 115 -115½ ...• - . . . . . . - ... 113 -113 Wh,Dlv,.lst, g,,'28.;} 112½-112½ ...• - .•.....• - ... 113 -113 - . ... 111¾-lll~ Ext & lmpt,, 1930.;} .... - ........ - ........ 91 - 92 93½- 94c½ 91¼- 93~ 91½- 93 95½- 97 91¼- 93½ 93 - 95½ 94.¾- 97½ 94¼- 96 91 - 92 1st con,, 1949 ........ 4 91¼- 93½ 93¼- 94 Wisconsin Cent'l Co.30-yr, ht, a-., 1949.4 88¼- 89'A 88 - 90 89½- 90¾ 90¾- 95 93!,a- 94~ 93½- 94 91¼- 93 92 - 93 92½- 93½ 91 - 93 91 - !l2X! 90¾- 93J,,C T STREET RAILWAY. Brooklyn Rap.Trans.~ 107 -lOS½ 107 -108 108 -110~ B'kbn Clty,lsr, con.5 112½-112½ 112½-112~ 112½-112½ B,Q.C, & ~., con. gu.a 100 -103 103 -103 101 -105 B'klyn Un. El,,1,.t.4•:l 10()¾-102¼ 100¾-101 100½-lOlXi - .... .. .. - ... . Stamped a-uar .... 4-:) .... Kinll8 Co, Elev., ht 4 90 - 92 90 - 91½ 90¼- 93 - ... . .... - . . .. Conn, Ry. & L.-ht."4½ .... - .... Metropol. Street Ry.General. .... ... . ....... ;} 120¼-122 119 -121 119½-120½ Refundlna-, 200~ ..... 4 .... - .... . ... B'y & 7th Av.,1943 . .l 118½-llR}!i .... - .... 119½-119½ Col. & 9th Av., ht .. ;} .... - ... 124¼-124½ .... - .... ... - ... . Lex. Av. & Pav. F:.~ 123 -123¾ 124 -124 Third A venn.0 (N. Y ,) 1st, con,, au,,~000.4 99¼-101 101 -101¾ 100~·101:lf; 1st, l 937 ............. .;) 123 -124¾ 124 -125 124½-125 Met, W, S, El. (Ch.) ... 4102¾-103 101 -101 101 -101 Mlnn, St, Ry,-lat,con.:; . . . . - 107,ti~l09 - .. . . 10! -106~ 101 -102 101¾-101½ 92 - 92¾ 98 - 98 107¼·109 • 114 -114 ... - .... lOll}:(-102½ .... - ... . 89¾- 91 . .•. - ... . . ... - ... . 102 -102 102¼-lO!i - ... . 89 - 91 120 -120½ 119¾-120½ 120 -121 107½-108 108 -109 107¼-108¼ 102 -105 102 -103 103 .... - ........ - ... .... . ·~· - .... 102 -102 108 -108 .... 103½-105 102½-103~ 101 -102\1.( 101 -102¼ 100¾-101½ LOO 104¾-104¼ .... 87 89 - 89½ 87 - 89 86½- 88 86¼ • 87:h, 86 - 87 .... - .. . . 99¼- 91,¾ .... - ....... 120 -122 119¼-119¼ ... - .... 117½-118 118 -118 121¼-123 122¾-123½ 122¾-122½ ... 120¾-121¾· 121 -122¼ 122½-122½ n2¾-123¾ LQ0¾-101 lOQ½-101¾ 101¾-101¾ 123¾-127 l24Xi,-l26½ . . 101¾-101¾ 102 -102¾ 102¼ ·102¾ - ... . 110 -110 119¾-120 98!1:(- 99 119 -120 116!1:(-118 117½-118 96¼- 96½ 96½- £17 9 ½- 99 118¾-11~117,<i-117:½ 119 -119 - .... 120 -120 l20 -121 - •.. .... - .. . 120¼-121 -103¾ -102~ - 89 - 116½-119 P6 - 96¼ 1113¾-117 120¼-121 98 - 99¾ 98}.t- 98!1:t 97 - 98¾; 97 - 99¼ 98¼:- 99½ 97¾- 99¾ - ..•. 120¾-120¼ 120¾-121 1213-(i-122 12,1 -125 l\Jl -101~ I02¼-102'Ji lOl -101 . ... - . . . GAS AND ELECTRIC. Brooklyn U. Gas-1st 3 117 -117¾ 117~-119 117½-119 1193;(-120½ 118 -118>!! 117¾ 118 117%-118 117½-118 118 -lli:1¾117½-118\.4115¼-117 115~-117 98½- 98½ 96¾- 98½ 9 ¼- 99 96 - 97 96 - 98)4 9:l - 99¾ Q5¼- 97¼ !J7 - 97 Det. City Gas, 1923 ... :; 93½- 93 93 - 95 95 - 97¾ 9l\½- 9tl 11)4 -104 Detroit Go.s-1918 .... ;} ... - •... 117 -117 117 -117 - .. .. 118 -118 Eq, Gas-L., N.Y-Con.ii .... Kinirs Uo.El,L.&Pow- ... . 120 -120 - .... 124 -124 124 -124 123 -124. 124¾- 124.¼ . . .. - .... 124 -12! 121 -121 Purchase mouey . ... ti .... 97¼- 97¼ .... 9:l¾- 99 - ... . US - 98 Ed. El, Ill, (B'klyn) ..4 97 - 97 97 - 97 97¾- 98 Lac. Gas, St,L,-bt,ir.;} 108¼-110 108 -109 107½-109½ 109¼-llO 108½-110 108%-109½ 108½-10:) 108 -108¼ 107¼-108½1083,s-10 ½ LOS -108½107½-108½ ... - ... . 95½- 95-'4 95 - 95¾ . .. Mllw. Gas-.L,-lst.... 4 .. . - ... . ... N. Y ,El, L,H.&P ,-ht.3 112¾-118½ 113¼-115¾ 115¾-116 116 -116¾ 116 -116 114 -114 113¼-114 112 -113½ llS½-113½ 111½ 113¼ 113 -113½ llQ¾;-111¼ 96 - 96¾ 9!¾- 9<l¾ U4 .., IJ5~ 9,1 - 95½ 94 - 95 Pur. mon. col, u•,, a-.4 97 - 98~ 96),(- 97 96 - C6h- 96 - 97 95¾- 98 97¾- 97¼ 97¼- 98 - .... 107¾-107½ 105¼·105½ lo5½-105½ 105)4-106 t0'-¼-105¾ Edis, El. 111., ht,'10.3 10~-108½ 108¼-109 106¼-106¾ 106½-106½ 107¼-108 107 -108 - .... 120 -121 . ..• - .... 120 -120 - .... .... - .... 121¾-121¾ 120 -120 lat, cons., 199a, g .. :) . . - ........ - . . . I N.Y.&Qu,El.&Puw,Oon,, $rOld, 1930 ... . .. :) 104½-107 104¾-105 105 -106 106 -106½ 106½-107½ 107 -107¼ 107½-108½ 106 -107 107 -107¾ 105 -106¼108 -108 107¼-107¼ People's G. L, ,1, Uoke..... . .. - . . . . . . - ... ... . - ....... . - .... 104 -104 ...• lst, iruar,, a-,, i904 .. ti .. . . - . .. . . . . .... 1103~ 1~¼ 104½-104¾ ... . 2d, a-ual.",, g,, 1904 ... 6 103 -108 , •.. - •.•. ~03½-103½ ... - . . . 105½-106 108½-103¾ . ... - ... 121 -121~ 117~-120 1,W½-121 120 -120 1st, con., ir., 1943 .... ti 121 -126 121 -122 122¼-123 121 -121 120%-121 - .... 104 -104 :) ... Retundlna-, 19.f.1. - ... . lOil¾-110 109½-100¾ 110¾-1113,( 108½·109 108¾-10 ~ 110 -110 1<,9 -1011 110 -110 1(,9 -109 Ch, G.-L, & C., 1st .. ;} 109 -100½ .... l08½ 108~ Con. Gas, 1st, 1936.~l108¼ 108),( 108¼-109 109 -10:} 109½-109¾ .•.. - ..• . 107¼-108¼ 108 -108¾ . ... - .... 105 -105 10'1½-104¾ .... Eqult. Gas & F,. 1st.ti 102~--4.08 1033,s-103¼ 104 -104¾ 105 -105 - .. 105 -105 .... - .. . , .. . . . . - ... ,10.; -105 Mutunl Fuel Gas .... a 105 -105 .... - . . .. . .. . - ... .... - .. .. 105½-1C6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MISOELL.A. EOUS BO DS-R.A.ILRO.A.D STOOKS. 106 1902-Concluded. JANUARY FEBR'RY. BONDS. ---------- MISCELLANEOUe. Adams Express-Coll.4 Am.S.S. of W. Va •• •:lO.~ B'klyn Fer •• lst, cons.Ii B'kln W.&W.H.-lst./i Det. M.& ill. L. G.-Inc. Man. B .H.& L.-Gen .. 4 N . Y . Dock-:rn.year .. 4 U.S. Red . & Re:f.-lst.6 TELEGR APH AND T ELEPHONE. A m. T eleph. & Tel'irh.4 Comm' l Cable-lst. .... 4 Met. Telep.&Tel .,lst.~ W . Union T eleirrap h Col. tr •• cur., 1 938 .. . :) F und. & R. E ., ' 1)0 .4 ½ Mut u a l Union,•• f ... ti M ANUFACT URING AND IND U!!,TRI AL . Am. Blcyc le-S . :f. deb. I) Amer.Cot.Oll. 191~.4?>6 Am.Hlde&Lea.- lst .6 Am. Spirits M fir.- l s t .6 Am. Thre ad- tat c oll .. 4 -Consol . Tobac •• ~ 0-y r .4 Re(ll ■t er ed. .... ........ 4 D istill. o f A m .• 1 91 1 .. :) I ll. S t.ee l-Non-c onv .. . !> I nter u'l Paper-1st. . . .. 6 Nat .Sta1·cb M'f' g--l llt.6 N. Stn. rch Co.-8. f.de b .a Stan. Rope & T.-1s1.. ti Incomes, .irold, 1946. ;» IJ .S. Leather-D e b .s.f.ti APRIL, MAROH. JULY. JUNE. MAY. AUGUST, 3EPT'BER. OOTOBER. NOV'BER. DEO'BER. Low. Bigb T,ow.Hlgh Low.High Low. High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Rig 105 -106~ 106¼-107½ 104 -104¾ 103¾-105 104¼-105½ 105½-106½ l05 -106 · 105½-106¾ l04 -105 104½-104¾ l04½-105 103½-1C4% .... - .... . ... - . . . ... - .. . ..... - ... lOO!J.1-101¼ 100¾-100¾ 83¼- 65½ 80 76 - 76 30 - 35 34!1;.... 38 94 - 95 90¼.... 85 - 82 54 50 98 89¾ 79¼- 81 50 - 55 ..•. 91¼- 95 86 - 89 79%- 82¼ 81 - 82 80½- 82 82½- 82½ 80 - 80¾ 80¾- 80% 80 - 80 78 - 79¼ 75½- 77 53 - 60 53 - 60 59 - 08 74¼- 86 52 - 55 95 -100 97 - 99 86 - 87¾ 86 - 88 78 - 91¼ 82 - 90 96¼- 97¾ 96¼- 98 95ll,!- 97 95¼- 96 86 - 87¾ 85 - 87½ 84N· 87½ 85 - 8d .... - .... 99% -100 100 -100¼ .... - ........ .... - 64 - 80 94½- 95 85 - 85 - .... 97¾- 97½ ... - 100~100¾ .... - . . . 114¼-114¼ .... - .... - 95½- 96¼ 95¼- 96 85 - 86 80 - 90½ - .... 114 -114 .... - 112½-113 112½ ·113~ 118 -113 112 -112% 112 -112~ .... - •... 110¼-111½ 110 -111 110 -110~ 1097,.fr-110½ 110 -110½ 110 -111 107¼ 108¾' 108 -109 109 -109¼ 108¼-109¾' 106¾-107¼ 106 -107 105~106)4 106 -106¾ 106 -106 105 -107 104¼-10~ 103¾-l~ 113¾-113¼ 113¼ 113¼ .... - .... 112½-112½ 110¾-110¾ 111 -111 .... - ........ - 50 - 60 100 -100¾ 94½- 98~ 80 - 85 . . .. 65¾.... 86 - 55 - 60 99½- 99% 98!,s-100 86 - 90 55 - 60 99!':(-100 95%- 97½ 82¼- 85 .... 821-r 827.Ai 69% 64¾- 67~ 65 - 67 65½- 65½ 88¼ 87 - 9~ 87 - 88 59¼- 73 100 -101 96¾:- 97¼ 84 - 88 .•. : - . . . . 64%- 68¾ .. . . S8 - 91 63 - 69 lQ0¼-101 97½- 99 86 - 88 83 - 88 65 - 67 90%- 92% .••• - •••.••• - •••.•••• - .... 100 -100 110 -112 108¾-109 108½-109 108 -109 107¼-109 106¾-108¼ 108¾-109 .... - .... 110¾-110¼ 106 -106¾ 89 - 89~ 90 - 93½ 98 - 95 94 - 95 .... - ... 58 - 61 b5 - 66¼ 65 - 70 68 - 74 70 - 74 6¾- 9 7 - 10¼ 10 - 13¾ 12 - 19 14¼- 18 113¼-113¼ 114 -114 114 -114½ 115 -116½ 112 -112½ COAL AND I.RON. Co l . Fuel-1919, fl ...... ti .... ()ol. F. & 1.-Gen., s.f.:) 105½-106 Conv. deben., 1911 .. a ... G1:and R. C. & C.-lst.6 108 -108 Kan. & H.C. & C.lst.a .... - .... Tenn.Coal Iron & Ry.Tenn. Division ....... ti 108 -109 Blrm. Div.• 1st, con.6 109 -100 De Bard. .& I .-Gu.ti 10~ -103¼ - .... 112 -115 103 -1~ 104¼-105½ 102¾-111¼ .... - . .. . 106 -106¾ ..•. 108~-104 - .... 103½--107 109 -109 109 · -111 l01~-:i.U3 65 - 67¾ 100 -100% 97½- 97!1:1 88 - 91.½ 82 - 83 66½- 68 63 - 66 100¼-10~ fl7¼- 00½ 90 - 91 57 - 68½ 45 - 60 . . . - . . . 100½-10()½ 99½-100 96¾- P9 80 - 91½ _87 - f!7 67 - 68¼ 64¾- 66% 65½- 69 45 - 47 99 -100 96 - 97 85 - 85 42 98 95 86¼- 46 pg 97 89 88 99 94 86 - 4.6½ - 100 - 95 - 86½ 65¼- 68lli 63 - 66U 60 - 6~ 66¼-66½ ... - ....... 96¼- 93 97¾- 97½ ... - . . . . 9a - 98 92¼- 9iJ 94½- 96 95 - 96 .... - .... 108 -108½ 108¾-109¼ 107 -lO'i½ 107 -108 107 -108~ 108½-108~ LOS -108x. 106½-106¾ 105¾-106 104 -104 l02 -102),.a 95 -102 73 - 80 . . .. 85 - 85 65 - 72 66 - 70 64 - 68% 65 - 65 66~- 68¾ 68 - 19 62 - 66~ 12%- 16¾ H - 15J.2 14¼- 16½ 13 - 15 13 - 16 10½- 14½ 9½-- 12 ll2¾-113 112¼-114 113%-113% 118 -113½ 113 -114 110¾-lll :U - 112 .... - ...... . 105 -1067-1 l05 102¾ 109¾ 101 . .. - .... ll6 - . . . . . . . - .... 110¼-110.½ . . .. -105¼ 105¾-106 103 -104 10.'3 -103¾ 1021,4-103 -105~ 101½-106½ 98 -101Xi e5 - 99:)i{ 93!}4-100 -115 - .... 102½--103 92½- 98 90¼- 05½ - , ... 110 -111½ 108½-110 110 -110 . . . . - .... 110½-ll<>X! 110 -110½ 106 -107½ 107½-107.½ - ..•. 112 -112~ 112½-112¾ 113 -113 . . . . - .•.. 108 -110 110 -110½ 110 -110¼ 110¼-llQ¼ 108½-110 103 -103 103 -104 102 -10:3 - ... l02 -103½ . . . . - . . . L03½-103½ l02½-10;~ 1 1•0~ 10:'I PRICES OF STOCKS ON THE NEW YORK STOCK EXCHANGE. The tables on the following pages show the highest and lowest prices at the New York- Stock Exchange of railroad and miscellaneous stocks in New York for ea.ch month of the last five years. 'l'he tables are all complled from actual sales. One-hundred share lots form the basis of compilation, except in the case of those few stocks which sell almost entirely in small lots. Following; a rule adopted by the Stock Exchange in April, 1896, sales which are not for "regula.r" dellvery-that is, where the buyer or seller stipulates for three or more days' time, or where delivery is to be made the ume day (~he sale in this hat instance being -for" cash ")-are disregarded. 1~98. STOCKS. JANUARY FEBR'RY, MARCH. APRIL, M.A.Y. JUNE. JULY, AUGUST. SEPT'BER. OCTOBER. NOV'HER. DEO'BJ!:R, - - - - - - - - - - -·----1----1----,----1----1-----1---- -- -- _ _ _ _ _ _ _ _ _ Low .Hl!!'h Low.High ~w.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hhrh Low.High Low.~ RAILROADS. Albany & Susquehan .. 188 -188 186 -186 .... - •....... - . . . . . .. - ........ - ........ - ........ - . . . . ... - ........ - ........ - ..... . .. - .. Ann Arbor.. ................ 12½- 12½ 12½- 15 12 - 13 11 - 11 ...• - ........ - . ... 11 - 11 11 - 13½ 11 - 11 11¼- 12 13 - 15 14 - 14 Pref........................ 34 - 35½ 34 - 40¾ 34 - 37¼ Si - 35 3!½- 38½ 37 - 38 36¼- 35¼ 37 - 38),,( 35 - 35¾ 35 - 35 35lj(- 4G 37¼- 39¾ -Atchison Top. & 8. Fe .. 12¾- 13¾ 10¾- 13¾ 10½- 12¼ 10¾- 11¾ 11¼- 13¼ 12¾- 14¼ 13¼- 14¼ 13¼- 14¼ 12¾- 13% 12)4- 13 12¾- 17 16 - 19¾ Pref ................ : ....... 28¾- 31-U 26 - 32¾ 22%- 28% 23¼- 26¾ 26¼- 32¾ 32 - 34% 33:kj- 35¾ 34½- 37½ 31¾- 36¾ 31¾- 38¼ 85¼- 47¾ 45%- 62½ A.ti. & Char. Air Line.. .... - ... . .... - ........ - ........ - . . . . ... - ........ - ........ - ........ - ... . ... - . ... ... - ... 121 -121 . . .• - •. •Baltimore & Ohio ........ 12¾- 16¾ 15 - 19 15¼- 18¾ 15¼- 17½ 1d - 20 14¼- 21¾ 12¾- 15¼ 14 -t27 t25¾-*45½ *40¼-•45½ *4!¾- 59¾ *57¼- 72l'i B. & O., new (wh. iss. ) . .... - . . . .. - ........ - ........ - . ....... - ... . .... - . .. . . .. - ........ - .. .. 34¼- 35½ 31 - 32 32 - 46 44¾- 58½ Pref. (when Issued) ... ... - ........ - ........ - ........ - ... . .... - ........ ...... - ........ - .... 69½- 72¼ 68 - 70 68 - 75¼ 73¾- 79¼ 'B.& O.S.W.-Pret , ,new 6¾- 6¾ 6¾- '77/4 5¾- 6¾ 5%- 6¼ 6¼- 7¼ 6 - 7¾ 6 - 6% 6 - 6% 6½- 7¾ 6½- 6 4½- 7¾ 6%- 9% ]leech Creek, a-ua1·..... . ... - ........ - ........ - . .. . ... - ........ - ........ - ........ - ........ - ........ - .... 100 -100 .... - .... .. .. - .. ,B os.&N.Y.A.L.-Pt ...... - ........ - .... 105 -105 ...• - ........ - ........ - ........ - ........ - ........ - .... 106¾-106¾ .... - ........ - .. lJ'klyn Elevat. , tr. rec ..... - . . . . ... - ........ - ........ - ........ - ........ .... - .. . . 25½- 28½ 24¾- 24¼ .•.• - •. . •.•.• - .... . ... - .. B uff. Roch. & Plttsb .... 28 - 30¾ 28 - ~O 25 - 28 .... - ........ - .... 28 ·· 28½ .... - ... 30 - 31½ 81 - 34 30 - 30 .... - .... 30 - 33 Pret .................... 65 - 67¾ 66½- 66½ ..• - ........ - .... 62 - 62 65¾- 66½ 66½- 66½ 6d - 72 72½- 76¼ 72½- 72½ . .. . - .... 68¼- 74!14 Bur. C. Ro.p. & North ... 72 - 72 .... - .... 65 - 66 ...• - •.•. 74½- 74½ .... - .... 75 - 75 .... - ........ - .... 78 - 78 ... - .... 89 - 89 Cana dian Pacific. .. . . 84 - 90½ 81¼- 88¾ 79 - 85¾ 72 - 81% 81¾- 84% 82 - 86½ 83¾- 85!$:( 83 - 86½ 86½- 90 80 - 85¾ 81¾- 85¼ 88!$:(- 85¾ Canado. Southern....... 51½- 55¾ 46½- 57¾ 44½-- 50½ 46 - 4R 48 - 53 60¼- 53¾ 51%- 55¾ 53¼- 56 52½- 6i 52 - 53½ 53 - 60¾ 54 - 58 Central of NnvJersey. 91¼- 9S¼ 89 - 97½ 86½- 95 88¾- 94 93 - 97 92¾- 97½ 87 - 94½ 89 - 96 89)4- 114½ 85¾- 91¾' 84¼- 94ll,! 92 - 99 Central Pacific ...... : . . . 11¾ · 13½ 13 - 14 12 - 13 11 ~ 12 12 - 14½ 13½- 14¾ 13¼- 16¾ 16½- 22½ 21½- 26¾ 24 _ 26½ 25½- 30% 31 - 44¼ Chesapeake & Ohio ..... 21 - 2i¾ 19¾- 24% 17¾- 21% 17¼- 20 19½- 22½ 21%- 24¾ 22¼- 23½ 22¾- 26 22 - 24¼ 20¾- 22¾ 21¼- 24~ 28¾- 26:)/1 Ohtcairo & Alton .......... 163 -166% 161 -166 150 -162 150 -156 152½-161 157 -160 157½~167¾ 159½·169½ 156 -160 161 -157¼ 151½-167 163 -172 Pref ........ .. . ........ . .. - ........ - .... 166 -166 ... - ........ - ........ - .. . ..• - ........ - ........ - ......•• - .... 175 -175 ...• - .. Chic, Burl. & Quincy... 97 -102¼ 91½-103¼ 85%- 97¾ 88 - 95¼ 94%-104 103¾-107¾' 104¼-107¾ 105¾-120 112¾-117¾ 113¼-117¾ 114%-120¾ 118¼-125¾ Chic, & Eastern Ill ..... 55 - 60 65 - 60¼ 51½- Si½ 49 - 50½ 6!½- 61 56½- 66 6i - 59 57¼- 62¾ 62 - 59 52%- 55½ 6Z¼- 6J¼ 66½- 62¾ PJ'pf . • .All a sessments paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 102 - 111 10'!¼-11~~ 1"3 -107 lOR¼-100~ 106¼-lOQ t 1st Instalment paid. 108 -110¼'. 107 -10'!¼ 107 -10!1 *Zd instalment paid. 10/l -1r8 106 -10tl 106 -lll¾ 1104-113 R.A.ILRO 10'7 1898-Continued. STOCKS. JANUARY FEBR1RY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV 1BER. DEC'BER. MAY. MARCH. APRIL. --- --- - - 1----11--- ---- - - - ---1----1---- - - - - - - Low.Hllth Low.Hiirh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ----------1----- -------· ------ ------- Chicago Greo.t West .... 18¾- 16¼ 9¼- 14¾ 9½- 11¾ 9¼- 11¼ 11 - 15 14 - 15 18¾- 15¾ 14ll:(- 18 14¼- 16¼ 18¾- 15 18¼- 16 14¼- 16¼ 4 per cent debenture .. .... - ........ - ........ - . . . . . .. - ........ - ........ - . . . . 71¼- 71¾ 71 - 72 72¾- 78¾ •••• - • ••. 72¼- 78¾ 78 - 85 :J p. c. pref., A........... 88 - Sil¾ so - 86 28 - 32 29 - 29 80 - 34c½ 32½- 34c¾ j 33 - 40 89 - 42¾ 39¾- 42 39¼- 43¾ 42 - 49¾ 48¼- 5!1: 4 p. c. pref., B.......... 23¾- 25¾ 22¼- 22¾ . . . . - . . . . 20 - 20 21¼- 24 24¾- 24¾ ~4¾- 29 28 - 30¾ 27¾- 29¾ 25¼- 26 28¾- 32 29¾- 31¾ Chic. Ind. & Louisv. .. . 8¼- 10¼ 7 - 9¾ 7 - 8 6¾- 6¾ 8 - 9¼ 9¼- 10 9¼- 11 9 - 10¾ 8¼- 8¾ 7 - 8¾ 7¾- 8¾ ':¾- 8¼ Pret .................. ....... 30 - 33¼ 27 - 33¾ 23¼- 28¾ 23 - 24¼ 26¼- 82 30 - Sl , 30 - 38½ 30¾- 36¼ 30 - 33 25½- 29¾ 29 - 36¾ 31 - 35 Ohle. Mllw. & St. Paul.. 92¼- 97¾ 91¼- 96¾ 85¾- 94¼ 83¼- 91 89¼-101 97%-102¼ • 97'7_4-100¾ 99%-114¾ 106 -115 105¾-110¼ 103¾-115¾ 113~-120:).( Pref .... . ................. .. 142¼-146 145 -149½ 143 -147¾ 140 -143 142 :..149 148¼-150 149 -152 152 -159 154 -157¼ 15! -163 161 -163 163 -166¼ Chic. & Northwest ...... . 119¼-127 119¼-130¼ 118¼-124% 115 -120¼ 120¾-129¾ 124 -130 125 -132 131 -136% 129 -134¾ 12$¾-132¾ 131 -142 136½-143¼ Pret . ........................ 163 -165¼ 167¼-174 175 -175 171¼-174 169 -171 170 -172¼ 171 -175 174¾-1751..( 175¼-177 175 -178 180¼-191½ 185 -188¼ Chic. R. I. & Paclftc.. .. . 88 - 94¼ 81¼- 93¾ 80 - 89¼ 82 - 88¼ 86 -108¾ +96%-108¾ 95 - 98 96¾-107¼ 89¼-105¼ 99¼-104¼ 102¼-109¼ 107¾-114¼ Chic. St. Paul M. & O ... 72 - 78~ 67 - 79 65 - 74¼ 68 - 70¼ 72 - 79¼ 75¼- 79¼ 76 - 85¾ 83¼- 87 78!J,f;- 84¼ 77¼- 82¼ 80¼- 87¼ 84¼- 94 Pret .. ........... ........... 148 -151¼ 150 -155 150 -150 . ... - .... 149 -150 151 -152 155 -155 154 -15! 159%-160 159¼-162 162 -170 169*170 Chic. Term'l Transfer.. 4¼- 8% 6:1,t'- 9¼ 7¼- 9¾ 7¼- S 8 - 9¾ 7¾- 9 7¾- 8¾ 7¾- 9¼ 7¼- 9¾ 7¾- 8% 8 - 9 7¼- 9¼ Pref.......... ......... ..... 22½- 28 26¼- 83 27¼- 31 26¼- 29 28¼- 31 29 - 30½ 29 - 30 29 - 87¼ 81¾- 36¼ 33 - 34¾ 31¾- 84¼ 30¾- 37 Clev. Clo. Chic. & St.L. 33¼- 38¾ 29¼- 37¾ 25 - 82¼ 25½- 28¾ 28%- 35¾ 34¾~ 44!4 40¾- 43¼ H¼- 47¼ 39¾- 43 sa - 40¼ 38¼- 42¾ 41¼- 44¼ Pref........................ 80 - 85 85 - 87 77¼- 77½ 80 - 80 78 - 78 80 - 89¼ 87 - 87 86 - 90¼ . • • • - .• 88 - 88 87¾- 89 89¾- 97 Clev. Lor. & Wheel'g .. 15¼- 19),( 18¼- 17¼ 11¼- 14¾ 11¼- 12¾ 12¼- 15¾ 14¾- 15¾ 14 - 15 13¼- 15¼ 14¾- 18¼ 15¼- 17¾ 15¾- 18¼ 14!1:(- 16 Pret... ...... .... . ..... . ... 48 - 49¼ 47 - 50¼ 48 - 48 •••• - .... 45 - 49 48¾- 48¾ ...• - ... 47 - 47¾ 47¾- 58¼ 43¾- 50¾ 48 - 48 43 - 46¼ Cleve. & Pittsb. aruar .. .... - ........ - ........ - ""'" .... - ........ - .... 169¼-170 ..•• - .... 172 -174 ..•• . - .....••• - ..•. ... - ••.. .... - •··· Col. Mid., vot. tr. ctf"s. . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . 5¼- 5¼ . . . • - . . . . 5 - 5 6 - 8!,( 5 - 6 6 - 7¾ 7 - 9 Pref. vot'a trust ctte .. .... - ........ - .... . ... - ........ - . .. . 16¼- 16¼ 14 - 18 15 - 16 14¼- 15 15 - 18¾ 15 - 16¾ 15¾- 20¼ 18¾- 20¾ Col. & So. {when is'l'd), .... - ........ - . ....... - ........ - ........ - . . . . .. - ........ - ........ - ........ - ........ - ... . 6¾- 7½ 7¼- 8¾ let pret. (when iss'd) . .... - ....... - ........ - ........ - ........ - ... . .... - ........ - ........ - ........ - ........ - .... 43¾- 48½ 47¾- 50¾ 2d pref. (when iss'd) .. .... - .... . .. - ........ - ..... ... - ........ - .... - ... .... - ........ - ........ - ........ - .... 14¾- 16¾ 16¾- 20 Col. Hock. Vo.I. & Toi.. 5¼- 7'7/4 6 - 8¼ 5 - 6¼ 5¼- 6 5J.(- 6½ 5¼- 6¾ 4¾- 6¼ 4¼- 6¼ 5 - 6 3 - 6 2¼- 5¾ 2¾~ 4¾ Pref....................... 17 - 28 21 - 25 19¼- 20 17 - 17 22¼- 23 23 - 24¾ 22 - 22 23 - 23 ...• - ... .. ..• - .... 18 - 20 12¼- 19,t Delaware & Hudson ... 110¾-114 108¾-114½ 106 -110¼ 10;1, -108½ 108 -111¼ 108 -112 103 -108½ 106¾-110 105%-108¾ 101 -lOU¼ 93 -101 99 -108 Del. Lac.k . & Western .. 150¾-156¼ 152 -159 145 -152 144¼-150½ 151 -155 155 -155 152 -157¼ 150 -152 151 -151¼ 140 -151 140 -145 lU¼-157 Denver & Rio Grande.. 12 ..: 13 13 - 13 - . . . . 10 - 11¾ 12 - 12 12¼- ~~ 12 - 12 13¼- 14¾ 13¼- 15¾ 12¼- 13¾ 12%- 16¼ 15 - 21¾ Pref....... ........ . . . . . . . . . 46 - 51¾ 411¼- 52¾ 41¼- 49½ 40 - 45 44 - 48¼ 48¼- 52¾ 48½- 51¾ 50¾- 56\.1i 54¾- 58¾ 52¼- 55¾ 5! - 68¼ 61¼- 71¾ Dee Mo. & Ft. Dodge ... 12 - 13 11 - 15¼ 11 - 11 8%- 11¼ 10¾- 15¾ 14 - 20 15¼- 17¼ 16 - 19¼ 14¼- 17 ..•• - ... . 15 - 16¼ 15¾- 23¼ Duluth So. Sb. & Atl ... .... - . .. . .. - . . . . ... - . .. . . .. - ........ .... - ........ - . ... 2¾- 2¾ 3 - 3 ..•• - •.. . 8 - 3 2¾- 3¾ Pref.... ...... . ........... . 6 - 6 5¾- 7¼ 5¼- 5¾ 5 - 5 5%- 5% 6 - 6 ..•• - • . . . 7¾- 8:1,( 6¼- 7¼ ••.• - •. . . 7 - 7½ 7 - 8¼ Erle... ..... . ............... 14 - 15¼ 13%- 16¼ 11¾- 14¼ 11 - 12¾ 12 - 13¾ 13¼- 14¼ 13 - 13¾ 13¼- 14¾ 13¾- 14¾ 11¾- 13% 12¼· 14¾ 18¼- 14¾ ht pref............... . . . . . 37 - 89~ 38 - 43¾ 31¼- 39¾ 29¼- 34½ 33¼- 36¾ 85¼- 37¾ 33¼- 36¼ 35 - 39¼ 35 - 38% 31¼- 35¼ SlM- 3'7% 35¼- 39¾ 2d pref.. ................. 18¼- 20¼ 18)4- 21¾ 16 - 18¾ 15¼- 16¾ 16¼- 19~.( 17 - 19¼ 17¼- 17¼ 18¼- 20 17%- 18¼ 16¼- 17¾ 16 - 18¾ 18 - 20 Evo.nsvllle & T. Haute. 23 - 25 23 - 23 . . . . - • . . . . . . . - . . • . 22 - 26 26 - 26 25½- 26 26 - 27¾ 25 - 3i 32 - 33¾ 31 - 33 30 - 41¾ Pref ........ . ............... 40 - 41 ..•. - ..•. 40 - 40 37 - 37 41 - 50 50 - 52 52 - 53 54 - 60¼ 60 - 70 59 - 6i 57 - 68 61 - 72¼ Flint & Pere Mo.rq ...... 12 - 12¼ 12¼- 14¼ 10 - 12½ 9¼- 9¾ 11¾- 18 .•.• - ... . .••• - •••. 12¾- 15 ...• - •••..••• - .... 13¼- 18¾ 17¾- 18¾ Pref........................ 41 - 43 .... - ... . 27 - 27 .... - . ... 36¾-: 36¼ 32 - 32 .••. - .... 36 - 40½ ...• - •••• 37 - 39 86 - 49 42½- 44¼ Ft. Worth & Den. City 19¾- 21¾ 21 - 24½ 25 - 28 25¼- 25¾ 20 - 20 ...• - .... 2;1, 2! 2a - 23 .•.• - .... 16 - 16 17¼- 17¼ 20 - 25 Ft. Worth & Rio Gr .... 15 - 16¾ 16¼- 16½ ...• - ..•....• - .... 10 - 11 11 - 11 12 - 12 12¼- 15¼ .... - .... 12¾- 12¾ 12¼- 14¼ 15 - 17¼ Great Northern, pref .. . . 130 -140 140 -162 149¼-156 150 -150 155 -179 175 -180 i122-129¾ 129¼-138¾ 133 -138 133¾-140¾ 136 -141¾ 137 -144.¾ Green Bay & Western. 30 - 30 31¾- 32¼ .... - ......•• - .•.• . ... - ... . ..• ...• - .... 30 - 30 .... - ... . 30 - 30 3U - 30 . ... - .••• Deben. certs., Ser. A .. 49 - 49 . ... - .... 43 - 43 . .•. - ... . .... - .. . 40¼- 41 42 - 42 42¼- H 42¼- 42¼ 44¾- 44¾ 45¼- 50¼ 49 - 50 Deben. certs., "er. B . 5 - 6¼ . ..• - ........ - . . . . ..• - ••.. 4¼- 5¼ • - . .. . 3¼- 5¾ 5 - 5¾ 4½- 5 4 - 5 4¾- 6¼ 5¼- 7¼ Illinois Centro.I.. ......... 102¼-108¾ mo -107 96¾-103¼ 96 -100¼ 99¾-106 103¾-106¼ 105 -111¼ 107 -113½ 110¼-115 107¼-111¼ 107!14-112¾ 111 -115¾ Leased line, 4 p. c, . . . . . . . . - . . . . 94 - 94 . . . . - . . . . . . . • - . . . . . . . . - . . . . . . . . - . . . . 97 - 97 95 - 97½ . . . • - . . . . 99 - 99 101 -101 . • • • - • • •, lowo. Centro.I.............. 8¾- 9½ 7%· 9¼ 7¾- 7¾ 7¾- 8¼ 8¼- 9¾ 9¼- 10 9¼- 9½ 9¾- 10¼ 9 - 9¼ 8¼- 9 9 - 9¾ 9¼- 11¼ Pref . ........................ 33 - 35 28 - 33½ 26 - 30¼ 25 - 25¼ 28 - 31¼ 31¾- 85¼ 81¾- 33 32¾- 37% 33 - 36½ 32 - 34 32¾- 35½ 34¾- 42¾ Kano.who. & Michigan. 6¾- 6¾ 6 - 6¼ 6 - 6 ...• - • . •. 6 - 6¼ .... - . . . . ... - . . . . 6¾- 6¾ .... - . . . . 5¼- 6 6 - 6¼ 6¾- 8 K. C. Plttsb, & Gulf .... 19¾- 21¾ 19¼- 24½ 18¾- 22¾ 15 - 21 16 - 19½ 16 - 17¾ 15¼- 17¼ 16¼- 20 18 - 19¼ 15¼- 18 15 - 24 15 - 25¼ Keok, & Des Moines.... 3 - 3 4¼- 4½ - ... . .•. , - ••• . 3 - 3~ 4 - 5½ 4 - 4 4½- 4¼ ...• - ......•• - .....••• - • .. . 4 - 5 Pref.. . .................... - . .. . 16 - 18 13¼- 13¾ ... - ••.. 15 - 15¼ 16 - 18¾ 17 - 17 16 - 16½ 15 - 16¼ ..•• - ......•• - ... 15 - 17¾ Keokuk & Western .... 34 - 34 33 - 34 34¼- 34½ . .•• - ........ - .... 30 - 30 30 - 80 .... - .. . ..•• - ... .. ••• - .... ..• - ..... • - •··· Klnast ou & Pembroke . .. . - ... ... .. - .... . . . . - ..... . .. - . . . . 2 - 2 . . . - ... . . ••• - ••. . 4¾ - 4½ ...• - .... .... - . .. . 5 - 5 2 - 3 Lo.lrnErle & Western ... 16¼- 17¾ 15 - 18% 12¼- 15¼ 13¾- 14¼ 15 - 15¾ 14¾- 16¾ 14¼- 15 14¾ - 23½ 16 - 18 12 - 16 12¼- 15¼ 14¾- 23 Pret . .... . .......... . ....... 70¼- 78¼ 69¼- 76¼ 66 - 71½ 69¼- 70½ 71 - 73½ 70¾- 74¾ 69½- 71½ 71¼- 83 73¼- 76 53 - 73¼ 61¼- 6:¾ 62¼- 76% Lo.ke Slaore . . .............. 170¾-19!¾ 190 -194½ 180 -192 179 -183½ 182¼-190 187¾-192 189¾-190 192 -198 192¾-192½ 190 -192½ 192 -192¼ 197 -215 CertHic'ts of" deposit.. . .. - ........ - .. . . . .. - . . . 180¼-180½ 180¼-190 188 -188 188 -188 ...• , ... . •. - .....••• - ........ - •.•. ...• - •··· Lonar Island............ . . . 40 - 40 42 - o0 45 - 48 40 - 41 43 - 43 50 - 51 50 - 50 50¼- 59¼ 48 - 54 46 - 52 48 - 50¾ 48 - 56 Louisville & No.ehvllle . 60½ 52 - 60¾ 45 - 56¼ 44 - 51¾ 48¾- 56% 51¼· 57¾ 51¾- 54¾ 53½- 60¾ 5!¾- 58¾ 53 - 57½ 56¼- 63% 62¼- 65¼ lllo.nho.tto.n Consol. ..... 110 -120¼ 98 -119½ 91 -108'¼ 91~4- 99¼ 96 -107¾ 102¾-106¾ 104 -108 93%-108¾ 93¼-100¾ 90 - 97¾ 93¾-100 95;(-100¾ Mexican Centro.I . ....... 6 - 6¼ 6¼- 6¼ 5¾- 5¼ . ... - .... 4¾- 5 4¼- 5¾1 5 - 5 ·5¾- 6¼ 5¼- 5¼ .... - .... 4¾- 5¼ 5¼- 7¾ Me.x:. No.tlono.l, ctfs ...... ... - ... 1 - 1¼ ... - ... .. •.. . . 1¼- l½ 1¼- 1¼ . - . - .••..... - •....••• - ......•• - ••.• %- 1¼ llllchlao.n Centro.I ........ 100 -107¾ 103½-lH¼ 99¼-109 100¾-105¼ 103 -106 102 -106 io·i -107 .. 107 -109 107¾-107½ 106 -107½ 107 -110 110 -118 Minneo.p, & St. Louis .. 25 - 26¾ 25¼- 30¼ 24 - 29¾ 24¼- 25 26 - 29¾ 27¾- 80 28¼- 28¾ 28 - 29½ 26 - 27¾ 26 - 27¾ 26¾- 28¾ 28 - 88¾ ht pret......... . . . . . . . . . . . 85¼- 86 86 - 88¾ 82 - 86 80 - 83 84 - 89 89¼- Ql f 88 - 88 89¾- 90¾ 89 - 89 90 - 91 92¼- 92¼ 95 -100 2d pref................ ... 53½- 56¾ 53 - 59¾ 46 - 55¼ 50 - 50½ 50½- 59¼ 59¼- 63 . 58 - 59¾ 59¾- 61¾ 58 - 60¼ 59¼- 60½ 60 -; 61¼ 61 - 78¼ 5i~s- :~~~!!~;; :~·e:~:: Pref ........................ 1!7-£ "ii·¼: is% io¼: i2i.! ·i;; : io¾ ·i;;¾: ii% "ii¼: iz½ ·;_1 : ii~ ·i1 : i2¼J-i;: : i2 .. ·io¼: ii .. ·i;;¼: ii¼ .i.i.i- ;4,·· 1~¼: 33½- 41 MlHourl Po.clflc .......... 82¾- 35~ Mobile & Ohio .... ........ 28¾- 31½ Morris & Essex ........... 167¼-175 34¼- 40¼ 24 - 35 27 - 82½ 170)4-173½ 28¾- 37¾ 22 - 29)4 26 - 28¼ 167¼-172¼ 80 - 33¾ 24¼- 28¼ 24¾- 25 170¼-175 32¼- 36¼ 27¼- 36¼ 27 - 29 170¼-170¼ 32¾- 36% 33¾- 36 34¼- 37¼ 32 - 36 29¼- 33¾ 31¼- 35¾ 84¼- 38'¼ 3!¼- 36¼ 34¼- 36% 35¾- 38¾ 31¾- 36¼ 31¼- 33~ 32 - 38¼ 36¾- 46¾ 26¼- 29¼ 26 - 27 27 - ~9 27¼- 28¼ 27¼- 27½ 24 - 28 28¾- 82 170¼-172¾ 171 -172 172 -174 175 -175 175 -176 175 -176 176 -180 Nashv. Chatt. & St. L .. .... - .... .. - ........ - .... . ... - ....... - ... . 60 - 60 ..•• - .••.••• - •••..•• - •••..••• - •••• 72¼- 72¼ ..•• - ••.. • Y. Cent. & Bud. Riv. 105%-119¾ t09¾-119¾ 105 -116 106¼-118 111¼-117¾ lH¼-117¾ 115%-119½ 1177/4-120½ 115¼-119¾ 113¼-116¼ 114¼-119~ 118 -124'¼ N. Y. Chic. &St. Louis. 13 - 15¾ 12¼- 15 12¾- 12¾ 11.!l!- 12 13 - 13¾ 18¼- 14 12 - 15 12¼- 14¾ 12¼- 14¼ 11 - 11 12 - 14 13¼- 14¼ 1st pref .......... ......... 75 - 76 73 - 76 ... - ... . ... - .... 65 - 65 67 - 67¼ 75 - 75 76 - 76 .••• - ••... . .. - •••• 70 - 70 65 - 70 2d pref............ ........ 35 - 40¼ 35 - 39 28 - 35 28 - 28 31 - Si 34 - 35 35 - 38¼ 34¾- 38½ 34¼- 34¼ ...• - •••. 33 - 36 34 - 38¾ New York & Ro.rlem ... 320 -320 .. . - ........ - .... . .. - ... . ... - ......• - .... 345 -350 .••• - ... . 850 -850 352 -852 ..•• - ..•• - •.•. N. Y. Lo.ck. & West . .... 121 -122¼ 1'23¼-123¾ 123½-123½ 120 -120 120 -122 123¼-123½ 123¼-123¼ .••• - •... 123¼-125 124 -126 126 -128 128 -128 N. Y.N.Haven&Hartt, 178¼-193½ 185½-195½ 182 -1S9½ 182¼-18! 18!,t-192 187 -191¾ 187¼-190¾ 190 -196¼ 190 -194 189 -192 190¼-194)4195¼-201 N. Y. Ontario & West ... 15¾- 18¾ 15 - 18'¼ 13¾- 16 13¾- 14% 14¼- 15¾ 14%- 16 14¼- 15¼ 15 - 16¾ 151.(- 16¾ 14¼- 15¼ 14¼- 16¼ 15%- 19¼ N.Y.Susq.&West ..... 8 . -18 ll¾-15¼ 11 -14¼ 12 -12 ... - ..•..•• - .•....•• - ........ - ••••.•.• - ........ - •••..... - ....••• - ... . Pret........ . . . . . . . . . . . . . . . . 23 - 34 2d¼- 38 28 - 34¼ 28 - 28 . . . . - • . . . . • - • • . . . . . • - • • • • . . . . - . . . . • • . • - ••••.•• ; • • • • • . • • • - ••••.•• , - • • • Trust receipts.... . . . ... - . . . . . .. - ~. . . . .. - . . . . . . . . - . . . . 30¼- 30¾ .•• - .•..•••• - ........ - ••••.••• - ........ - , ••...•. - ..... •·· - • •·• .Norfolk & Southern.... . 65 - 65 .... - .. . . .. - ........ - . . .. . ... - .... ...• - . .. . .• - ... .•••• - .....•.• - . ... .•• - .••. 60 - 60 • •·· - •··· Norfolk & Western .. .... 14¼- 15¾ 14¾- 17 13¼- 14 11½- 12½ 13¾- 15 14¼- 15¼ 14 - 14 15 - 16¼ 14 - 16 11 - H 15 - 15¼ 16 • 19¾ Pref".... . . . . . . . . . . . . . . . . . 46 - 48½ 45½- 56¼ 42¼- 49¼ '12¼- 46¾ 46 - 52½ 51 - 5!¼ 50¼- 54¾ 53 - 55¼ 51 - 54¾ 48 - 51¼ 49¾- 56 54¼- 63% No.Pac.Ry. vot. tr. rec. 20¾- 28¾ 19 - 28.½ 19%- 24¼ 21 - 24¾ 25 - 27¾ 27¾- 31¼ 28¾- 80¼ 29!J;!- 41½ 36~- 42¼ 38¼- 42¾ 39¼- 43 40 - 44¼ Pref. voting trU8t 1·ec. 58 - 69 58%- 68¾ 56¼- 6!¾ 57¼- 63¾ 63¼- 68¼ 67¾- 70.½ 691,(- 72 71¼- 78¾ 75¼- 79¼ 74¾- 76¾ 74¼- 77¾ 75 - 78¾ Omo.ho. & St. Louis...... . . . . - . . . . . . . - . . 7 - 7 . . • . - . . . . . . . . - . . . . . . . - . . . . . . . • - . . . . . . • - . . . . . . . . - . . . • 'i - 10 . . • . - • . • • 'i' - 7 O.RR.& N. vot, tr. rec. 35½- 53¾ 46 - 54¼ 40 - 50 43¾- 45 . 45¾- 52¾ 51 - 53¼ 48¾- 48¼ 49 - 61½ 55¼- 5S¼ 52 - 53 53 - 58¼ 50¾- 53¼ Pret. voting trust rec. 68 - 72¼ 68 - 72¼ 65¼· 69 66¼- 67 67 - 72 70 - 74 71. - 71 70¼- 77¼ 75 - 76.¼\ 73 - 76 73 - 78 71 - 75¾ Oregon Short Line..... 19¾- 25 24¼- 31 27 - 32 27½1- 80 29¼- 32 28¼- 33½ 28 - 31 31 - 37¾ 30 - 86.xi 26 - 80 27¾- 37¼ 37¼- 4.3 Paclfic Coast Co .......... .... - ........ - ........ - ........ - ....... - . . . . 34¾- 34¾ 34c¼· 36¼ 35 - 47¼ 43¾- 48½ 43 - 46¾ 43 - 46 42 - 46¾ 1st pret........ .. . . .. . . . . . . . - ........ - . . . . . . . . - . . . . . . . . - . . .. . . . . - . . . . 85 - 91 8! - 89¼ 83¼- 86 84 - 86¼ 80 - 81% 80 - 81¼ 79 - 84¾ 2d pref..... . ............... - . . . . . . . . - . . . . . . . . - . . . . . . . . - .. . . . . . - . . . . 60 - 60½ 57 - 57 57 - 67¼ 63¼- 69 59 - 62¼ 5?' - 62 59 - 65 Pennsylvania. RR ... . ... 114 -119½ 111½-120% 11()¾-117 111 -114¾ 112;,£-117¼ 114¾-117~ 115¾-118 116;14:-119% 116 -119¾ 116¼-118¾ 115 -119¼ 118¾-123¼ PeorlaDec. & Evo.nn. ¼- 1¼ %· 1½ 1 - 1 ¼- 1 1¼- 2¼ 1¾- 1% 1¼- 1¾ 1 - 1% 1¼- 1¼ l¼- 1¼ 1 - 1¾ 1¼- 2¼ Peoria. & En.stern.. . . . .. 3 - 3 4 - 5!,4 ...... 4¼- 4¼ 3¼ - 4½ 4¼- 4¼ 4¼- 5¾ . .. - • . • . 3¼- 3¼ .••• - • ••• 4¼- 4¼ + Ex-atvidend of 10 per cent in stock and l¾ per cent cash. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis *Ev-dividend and rights. 108 1808-(Jontiuued. 1 --Low.Higb ·- - - OCTOBER. N0V'BER . DE0'BER- JULY. JU:S-1!:. AUGUST. 8EPT Bl!:R. MAY. MAROll. APRIL. - - - - - ---- ---· - - - ---- ---- ---Low.High Low.Hhth Low.High Low.High Low.High Low.High Low.High Low.Biirh Low.Higb Low.High ---- - - - - - - - - - JANUARY FEBR'RY. STOCKS. -- r~ow.Hiah 43 - 47½ 42~- 15!,,4 12¾- 44½ 4'2¾- 4'6½ 41¼- 4'3¾ 42 - «½ 42 - 45 PlttM. Clnn. Ch. & St. L 38¼- 43½ 42 - 46¾ 41¾- 46 «½- 63'1, 48 - 44 621'- 66½ 62¼- 66½ 63 - 67¼ 65¼- 73 60 - 65 66 - 71 57 - 68 Pref .. .................... 64¼- 70 58 - 60 64 - 65¾ 64 - 66 72½- 84½ 170 -170 172½-172½ .... - ... . 170 -175 171 -175½ . .. . .. 175 -176!,( Pitts. Ft. W.&C., ,ruar, t69 -170 168 -171¼ .... .... 9 7 6½.... 7¾.. pre:f. Pittsb, & \Vest., .... . 9½ 8 - 10 - . ... .... - .... 9¾· 10¾ 8¼- 121 .... .... .... 5¾- 7 6¼17¼-19¼ 15¾- 18¼ 15¼- 19¼ 18~- !!3¼ Reading vot. tr. certs .. 21¾- 23¾ 18 - 23~ 15¼- 19¾ 15¾- 17% 17 - 19),,( 18¾- 20¾ 16 - 19¾ 17¾- 20 38¾- 47 41%- 46 !i2 - 46¾ 37¼- 43½ 37¼- 46¼ «¾- 54 U¾- 54¼ 36 - 46 36¾- 40¼ 40¼- 46¼ 45¼- 49 1st pref. vot. tr. certs. 48¼- 53 18 - 23 21¾- 29 18½- 24 20¼- 24 22¾- 25 19,s- 23¾ 20 - 23 17¾- 20¾ 18,s- 22 19¾- 21 ~d pref. vot. tr. cert8. 26¾- 29 20¼- 28 .... 185 -185 . - . ... 185½-185½ 184, -184, .. .. - . ... 186 -186 183 -185 . .. . Rens. & Sarato1ra ........ 182 182½ 182 -184, .... - .... 28 29!1; .., 32 29¼- 29¾ 27¼- 27½ 22¼- 22½ - .... 22 - 25¼ 25¼- 27¼ 29¼ 25 ltio Grande Wes tern ... 2l½· 2L¼ 23 - 25 25 64, - 68 65¼- 67x 67¼- 69¾ 67 - 67¼ 67¼- 67½ 62 - 64, 50~- 57 54 - 5! 57¼- 65 Prefer1•ed... .. . .......... 58 - 61¾ 58¼- 61 63 - 66 Rome Wat. & 01rdensb. L20¼-123 120½ 122 116½-122 118 -118 118 -120 122 -122 122 -122 123½-125 121¾-125¾ 125¼-125¾ 126 -127¾ 127¼-128 5!1(- 8¾ 5¼- 7¼ 5¾- 6¼ 5¾- 7¼ 7¾- 13 6½- 77~ 7 7½ 7¾- 7¼ 5¾- 5¾ 6 St.J. & G.I. vot. tr.ctfs. 6¾- 8 6½ 5¾- 6 47½- 51 46¾- 50 56 - 58~ 50 - 57 45 - 56 58 - 60¼ 58 - 61¾ 55¼- 60¾ 56 - 57 46 - 50 50 - 59½ 59 - 63 1st pref. do 20 20 20 16¾15 16 - 22½ - 17 - 22¾ 18 - 19¼ 16¼- 17 16½- 18½ 13 - 16 - 21¾ 2d pref. do 13¼- 15¼ 15¾- 20¾ 20¾- 23¼ . . ... ... . ... - .... .... - ... . St. L. Alt. &T. H, t. rec. 63 - 63 - .... .... . ... ·• · 7¾ 6¾- 7¾ 6 7¾- 8¾ 7¾- 7½ 7¾- 9¼ 8¼- 9 8t. L. & S. F. v. tr. ctfs. 7 7¼ 6 - 6¼ 6½- 7¾ 7¾- 8¾ 7¾- 7¾ 7½- 9 61 - 70 53¼- 58 6<1c¼- 58½ , 52½- 57,s 55 - 56½ 56 - 62~ 61 - 65¾ 61 - 62½ 62 - 68~ 62¾- 67 61¾- 64, 1st pref. do 6t%- 69½ 25 - 27¼ 22¼- 2S ~d pref. 23½- 27¾ 22¾- 26½ 25¼- 51 29¼- 32¼ 27¾- 29½ 29 - 34% 29½- 33,i 29¼- 31¾ 28¾- 35 do 31¾- 34 :, ,l 4¾- 5 5¾- 6¼ 5¼- 7¾ St. Louls Southwest'n .. 3¾- 4.¾ 4c 5¾ 5¼- 6¾ 4¾- 5 - 41,,L 4¼· 5 5 - 5¾ 5 4%- 6 9 - 11 Preferred ................ 9 - 11 7¾- 10¾ \) - 9¾ 9½- 11~ 10%- 12¾ 10¼- 11¾ 11¼- 14,s 11 - 13¼ 10¼- 13¼ 12½- H ¼ 13¼- 18 24 - 25 St. Paul & Duluth ...... 20¼- 25 - ... 21 - 21 . - . 22 - 23 18¼- 18¼ 21 - 27 20½- 20½ 21 - 21 21 - 27 25 - 38 Pref....................... 81 - 85 80¾- 87¼ 79 - 79 80 - 80 78 - 78 - • · 80 - 80 87 - 90 PO½- 9031; 90 - 90 89¾- 97 96 -100 St. Paul tllnn. & Man .. 123%-125 127 -137 132 -138 130 -130¾ 132!1(-H2 141 -H5¼ 142¼-162 161 -171 165 -169¼ 168 -172½ 170 -175 16!3¼-175 Southern vot. tr. ctfs . . . 8½- I¾ 8¾- 9¼ 7¼- 8¼ 7 8 8¾- 9!1.( 8¼- 9 8¼- 10¾ 10 - 10 9¼ 8¾- 8¾ 8¾- 10 9 B¼ 8 Pref. 29¾- 32¾ 26¼- 33!4 23¾- 29¼ 24¼- 27¼ 26¾- 31½ 29 - 33¼ 29¼- 31¼ 31!4- 36¼ 32½- 36¾ 32½- 35½ 34,¼- 41!,,( 4'0¾- 43¾ " 19 - 20¼ 20 - 22¾ 21¼- 25¼ 22¾- 23¼ 22¼- 27~ ~7!1.(- 35 19 - 20¼ 13¾- 18¾ 12 - 14¾ 13 - 17¾ 16;.(- 20 Southern Pacific Co ..... 111!1.(- 22 Texas & PacUlc ... ....... 10¾- 11?¾ 10 - 12¾ 8¼- 11),,( 9 -10¾ 10 - 12 11¼- 12¾ 12 - 13¼ 12¾- 16¾ 13 - 15¾ 13 - 14,s 13½- 16¼ 15¾- 20¾ - ... 15 - 15 Toledo & Ohio Central - .... .... - .... - . .. . .... - . .. 12 - 15 25 - 25 .... - . ..... . .. - ... . ... - .... 38½- 4,0 Pref ...... ............. .... 39 - 39 - .... ... - .... 35 - 35 45 - 45 4,8 - 48 .... .... 313 - 39il.( . - . ... .... .. . .... ... - . ... 23 35¼ .... .... Un. Pac •• all n.ssts. paid 25¼26¾- 36½ .. - .... - 81¾ - .... ... 21 - 22¼ 16¼- 22¼ 18 - 20¾ 20 - 24.¼ 22:ij- 25¼ 23¾- 24'\ji 23~- 34,½ 29¾- 3!¾ 31¼- 33:}s 31 - 39¾ 37,s- 44% Union Pacific Railwav .•. ... . 51 - 63¾ 45¼- 57 4-S¼- M¾ 51 - 60:}s 58¼- 63¾ 59 - 62¼ 61 - 67½ 63),,(- 67¾ 62½- 65¼ 63¾- 70¼ 69),,(- 74¾ Pref ....................... 6:J:C · 10,s 8¼· 10¾ 6¾- 9¾ 5¾- 7 4¼- 6¾ 5¼- 77~ U. Pn.c. Den. & G., t.rec ¾- t6~ +5¾-*13¾ Ul¾- 13¾ 6¾- 8½ 6¼- 8),,( 5¾- 8 Wabash ..................... 6¾- 7¼ 6½- 7¾ 6¾- 7~ 6¾- 7¼ 6;1:!- 7¼ 7 - 7¼ 7¼- 7¾ 7¾· 9¼ 7'¼- 9 7¾- 8¼ 7~- 8¾ 7¾- 8¾. Pref. ....................... 17½- 19% 15 - 19¼ 14¾- 16¼ 14¾-16 16 - 20½ 18~- 20¾ 18½- 19¾ 19¼- 24¾ 20 - 23¼ 19¾- 21½ 19¾ · 23 21¾- 24 .... .... - .... .... - ··• · Warren .... ................. .... ... .... - .... , ... 174 -174 ... - . .... . ... . ... - .. ·• · - . ... . ... §3 - 4¼ §3 - 3¼ § 4 - 6¾ Wbeellna" & L. El'le .... t2 - 3¾ +2¾- 3¾ +l¾- 2¾ tl¼- 2 +2 3½ tl¾- 2¼ +¾- i2!,4 i1%- 2¼ f2 -- H Prel ........ .. .............. t9¾- 16 tlO½- U~ +9¼- 10¾ t9:Jt- 10¾ +10 - H ¾ +10 -14 t8 -i13 il2 - 15¼ 'l14¾-S20 §17¾- 20¼ §17¼- 21 §20¾- 30~[ ¼- 3¼ 2 - 2¼ l¾- 2 .... - .... 2 - 3 . ... Wisconsin Central Co .. .... 1 - l¼ 1½- 2 .... 2¼- 2½ -2 2¾ l¾- 2 . Pref........................ 7 - 8 . .. - .... 5½- 7¼ . .. - . ... . ... - . .. 5 - 5 6 5 - 5 .... - .. .. .... - .... .... .... - . ... 6 .... - .... .... .... ... - - .... - - .. .... .... .... .... .. ... ... - .... .... - . - .... . ... . - .... .... ... .... - .... - .... COAL & MINING. A merlcn.n Coal ... . ........ C olorado C. & I.Devel. Pref ...... ............... ... C olorado Fuel & Iron .. Pref...................... C ol. & H.C.& I., all pd. Consolldntlon Coal. .... H omestake llllnln1r .. M aryland Con.I, pref.... lllinnesota Iron ........... Trust certificates ...... New Centro.I Coal. ....... new st ock ........ Do 0 ntn.rloSilver iUlnln1r .. p ennsvlvania Coo.I. ...... Q ulcksllver iUinlna-. ..... Pref ....................... T enne8see Con.I & Iron Pref...... .. -162 -120 - 42 -116 IL00-180 119 -130 4c2 - 45 lU -120 - .... - ... . - .... .... - .... - - .... 100 123 4,0 115 -115 -129¼ -H½ -120 97¼-102 120 -126 38 - l-2 114~·118 - .... . - . .... - .... - 99 -103 123¼-121) <!cO -4.4 112½-119 100 127 l-0 117 - -102 -130 - 4'3 -12! .... - . - .... 157 116 40 113 .... - . .... - .... .... .... ... .... - .... .... .... - .... .... - EXPRE~S. A. dams ..... .................. A mertcan . .... .............. United States .............. Wells, Far1ro & Co. .... - - - .... - - - - - ... .... - . 9J -103¼ 102 127 -14,0 t30 41 4-0¾- 42 117 -122¼ 120 -. ... - - .... - -110½ -137 - 44 -125 110 -116 130 -133 41¾- 4<! 120 -125 . . .. ••1 -111Jl°' 108 -113 -110¼ 130 -137¾ 135 -1.>3 14!3 -150 4,1 -H 40 - 46¼ 46 - 58),( 119 -121½ 120¼·129¾ 128 -131¼ .... - .... .... - .... .... .. - . .. .... - .. . - . ... - .... .... - . ... .... ¾- ¾ ...• - .... .... - ... ¼- :½; •••• ¾- ½ ¾- ¾ .... - . ... ½· ¾ 2¼- 2½ .... - .... .... - ... . 2¾- 2¾ ... - . .. . 2 - 2¼ . ... - . .. .... - .... .... 23 - 2~'ls 20¼- 25 17 - 21 19½- 26¾ 20 17 - 19¾ 20 - 23)4 21 - 23¾ 20 - 23 . .... - .... .... - .... - .... .... - ... .. .. - .... . ... - .... . .. - .... 65 - 75 . .. 6 - 7½ 5 - 7½ 4;1:!- 6¼ 5 . 6 5 6 - I\¾ 5!1(- 6¼ !l¾- 5¾ 4.¾- 7 ··•· - .... ,15 • ,15 45 - 45 ... . - .... 4,0 - 42 « - 44 .... - . ... 41 - 41 .... 46 - 46½ 44 - 46 50 - 50 47 • 49 53½- 53½ .... - ... . 56 43 - 43 50 - 50 ) . ·••· - . ... 120 -120 . ... - .. .. .... - ..... - . ... .... - . .. . %- l¾ . ... - .... - . ... .. .. - .... - . ... 1%- 1¼ . ... 213 - 25¼ 23 - 32¼, - 23½ 20¼- 23 - .... . ... - . ... 77 - 77 85 - 90 - 6¼ 5 - 5 5 - 5½ 5.½- 9¼ - . ... 46 - 46 .... - . .. .... - . .... 64 -M .... 60 - 60 - 57 .. . .... 52½ 52½.... - . ... . ... .- . ... 50 - 50 53¼- 54 - 53 - 76½ 71 - 74¼ 72¼- 99½ 88½- 99¾ 9!i½- 96 .... - .... .... - . ... - . .. .... - .... - .... 90 - 95¾ 94:l((-al37 13!i¾-U2¼ .... - .... - 8½ .... - .... .. - .... .... - .. - .... .... - . ... . ... - .... 42 - 43 41 - 41 40 - 4,0 . ... - ... !iO - 40 - .... . ... - .... .... ... . ... . 4¾- 4¾ 5 - 5 6~- 63,4 - 4c 3¼- 3¼ - .... - .... .... - .... .... - . ... 340 -34,0 . .. - . ... .... - .... - .... .... 2 2 .... 2 2 .. . . 2¼ 1%1¾2 ... . i¾ 8 - 6¾ 5¼- 5½ 5¼- 7 6 - 6 6 - 6½ 6½- 6½ 7~-- 11¼ -- 26¼ 24¼- 26¼ 25¼- 34,J.t; 26¾- 32 26¼- 29.½ 2i¼- 32½ 29!14- 38¼ 98 -100 99 - 98 100 -106 - ·••· .... - .... 80 - 80 .... , .... 57 .... 7 .. - .... - 60 50 - 51 59¾- 65 45 - 45 60 - 64, 50 - 50 4.7¼- fi½ 49 59 - 63½ 63½- 75¾ 72 . ... ··•· 6¾- ff¼ 7 - 7½ 7 - ... . - .... .... - .. . .... - ... - 8 7¾- 8~ 7 - 7 - .... .... - .... .... - .... .... - .... ... - . .. .... 3}(- 3¼ 3¾- 3¾ 3 - 3 .... - .... 4¾- 4¼ 4, .... - .... 350 -350 325 -325 .... - .... ... .... 2 - 2¼ .... - ........ - .... 2 - 2 2 - 2 .... .... - .... .... - .... .... . .... .... - .... .... - ... . 5 23%- 28½ 19 - 25¼ 17 - 22¾ 18¾- 21¼ 20½- 26¾ 23 ············ ... - .... .... - .... .... - .... .... - .... .... - .... .... r · •• · VARIOUS. ef .... .... .... 4,3 - 43 A mer. Bank Sote Co ... ... - . ... . ... .... .... .... - . .... .... - . ... . ... . ... . A.mer. Cotton Oil Co .... 20 - 231,§ 17 - 22'¼ 15¼- 20 16¾- 17½ 17¾- 22¾ 20 - 22:X, 20¾- 21¾ 2!¼- 29¾ 32¾- 39¼ 33¾- 38¾ 31¾- 38¾ 32 - 35¼ ....... ..... 74¾- 77¼ 70 - 77¾ 66 - 75 67 - 70 71¼- 77 73¾- 75½ 73¾- 79¼ 78¼-. 90:kl 83 - 89 84 - 87¾ 8!¾- 88 87}(- 89¾ P-ret. ....... A mer. Dist. Telegraph. 23 - ::!3 .... .... - .... . ... . .... 30 - 33½- . ... 22 - 22 22¼· 21½ 23 - 2,1 .... - .... 30 - 30 . .. A merlcan ll'ln.ltina-.. .... .. .. - .... - .... . - .... . 25 - 29½ 26½- 29¾ 24 - 27 26 - 38 29 - 35¾ 29 - 32½ 31 - 33¼ 29 - 3!!1( Pref.... ... ............... - ... .. .. - .... .... 76lJ.(- 79¼ 77 - 79 76½- 77¾ 77¼- 87¾ 78½- 85 78¾- 81½ 80½- 8!¾ 81 - 88 - .... A mer. l!!ipirits ll'lta- . ...... 6½- 9¼ 6%- 9 6¼- 8¾ 7¼- 11½ 10¼- 12¾ 11½- 15¾ 11¼- 14~ 12¾- 15¼ 11½- 18¼ 11 - 12¼ 10½- 12¾ ig -14~ Pref....... .... 18 - 22¾ 19 - 22¼ 16 - 19¼ 16 - 27¼ 26 - 3!½ 32 - 40~ 32½- 39½ 36 - 411}.{ 32¾- 39 32½- 31~ 33¼- 37 35 - 39¾ ··········· ... . .... . .. .... - . ... .... - .... . ... . ... .... - . ... 37 - 43¾ 32 - 39¾ 25¼- 40¼ 27¾- 33 30½- 33¾ 31¾- 50 A mer. Steel & Wire .... .... P1•ef............ ........... .... .... .... ... ... ·••· .... - .... .... - . ... .... - . .. . 88¼- 112½ 85¼- 92¼ 82 - 91 84~- 89 86~- 90 89¼-118 .\mer. Suii;ar Ref. Co ... 135)4-145 120¾-140 107½-129¼ 113¾-122¾ 126¾-140¾ 123¾·145¾ 129¾-141 136¼-146~ 116½-145¾ 108¾-118~ 111¾-127 120~-135~ Pref ................ ....... 112 -116 110 -114 103 -113 lO!lxi-109 110 -115 111 -115½ 113 -lll¼ 113¼-1151,j 107 -115¾ 104¼-108¾ 108~·113 110¾-115 A.mer, Tel. & Cable Co. 90 - 91¼ 91 - 93 97¼- 98 88 - 92 90 • 03 95¾- PB 93½- 97¼ 95 - 98 89 - 91 92 - 94,~ 94 - 95 96)4- 98¾ American Tobacco Co .. 83¾- 91½ 87¾- 92¾ 86 - 99¼ 95¾-117 103¼-115½ lOBil.(-121 117¾-123 121½-147 125 -153!'4 111¾-143¾ 133¾-l«¼ 135~-145¼ Pref .. ... ........ .... 113½ -lli~ 115 -118½ ll2M_-117 113 -11a 116½-119½ 118¾-120 120 -129¾ 129 -135½ 126 -130½ 115 -125¼ 126 -129 127¼-131 Dividend scrip .......... 79 - 81¾ 79 - 84 98 -101 9!i¼- 99il.( 93 - 95 78 - 84, 96¾-100 93 - 96 87 - 92:J:{ 811½- 91½ 93½- 96 81½- 94, Bay Stare Go.s . ....,.. . 3¼- 5¼ 2¾- 4 3~ 2¾- 3¼ 2%- 5¾ 4¾- 9¼ 2¾- 8~ 2¾- 3¼ 2¾- 3¾ 3¼- 4¼ 3 - !le¾ 3¾- 4¾ 3 Brooklyn Rap. Trans .. 36¼- !il¼ 36¾- 43¼ 85 - 42¼ 35¾- 40¼ 38¾- 43½ 42½- 55¾ 53½- 59¼ 57¼- 69¾ 57¾- 65~ 61¾- 67¼ 65¾- 69¾ 67½- 78¼ Brooklyn Union Go.s ... 119 -125 lH.½-123¼ 106 -118 109 -113 113 -121¾ 118 -124 122¾-123¼ 123¼-128¾ 124, -127¼ 122!1(-127¼ 126½-130 127 -140¼. Brunswick Co ............ ;5 - 6½ i3½- 5 .... . .... f3!1(- 3~ 4¼- 7½ .... - . ... - .... .... . ... - .... 3½- 6 - .... B runs. Dock & C. [mpt. . . . 9 -14 10 - 11¾ 10¾- 13¾ 8¼- 9¾ 7½- 8½ 8 -10¾ 10 - 13 .... . Co.pita.I Traction ....... 62 - 70 . ... . . · • . .... - .... . ... - . - ·•• · Chic. Junct'n R'y., pf.. .... .... .... - . .... - . . . . 120 -120 ... .... Columbus & 9th Ave .... . -. . ... ... - ... 99¼- 99¼ .... ... . . . . Commercial Cable ...... .... . .. . . .... . .... . - .... .... 180 -180 . Consolidated Ice......... 30 - 37¾ 31 - 85 4,5 - 4,9 4'5¼- 52 27¾- 32 36¾- 42½ 38 - 47 46½- 48¾ «¾- 47 32½- 35:xi 34¾- 38 28¼- 32 Pret ........ . ... 85 - 89½ 86~- 91 86 - 87 90 - 92¾ 88¾- 92!!( 87 - 92 90 - 93 90 - 94 83¾- 83¾ 87¼- 67¼ 88¼- 90¼ 90 - 91 Consolidated Gn.s ........ 176 -195¼ 180 -194 167 -186½ 170½-183 176 -196 189 -205~ 195 -201¾ 184,¼-201¾ 175¼-190 164 -188¼ 183 -191¼ 187¾-197¾ Cons. K.C. Smelt. & R. .... .... ... - .. .... .... 99¼- 99½ . .... .. .... .... .... .... - . ... .... - .. ... . . Detroit Gas ................ 50 - 50 57 - 60¾ 56¾- 61¾ 45 - 62 60 - 63 52 - 56½ 55¼- 63¾ 56¾- 63¾ 57¾"7 62½ 62¾- 67 60 - 63 Eastern Blevator . ....... .... .... ... ... . . . .... . ... ... . 65¾- 66 61¾- 13'!¼ 62 - 65½ .... Edisc,n Elec. lllum. Co. 127¼-135 131 -13!i¾ 120 -124 119 -119 121 -129 126 -129¾ 129:J:(-13! 130 -133¾ 131 -131 119 -141 136½-165 164¼-195 Edison El. Ill. ofB'kln. 110 -110¾ 109½-111 106¾-10774 102~-107 lQB¾-108¾ 106½-106½ 122½-122½ 122 -125 .... . Eighth A venue ........... .... . ... .... . . 335 -34.0 350 -350 350 -350 .... -. .... 362½-362½ . . ... . Erie Tt>IP!!'b. & 'l'pJ .. pb .. .... 7"¼- 76,s 74¼- 7t~ . .. .... ... .... . ... . .... .... .... - ....... - .... - ... - ..... - - - - - .... .... .... - ... .... - .. .... - .... - - ... - .... - ... - - - - .... - .... ... .... .... - .... .... .... - .... .... - .... ... ... - .... ... .... .... - .... - .... .... - .... .... - .... .... - .... - .... .... - ... ... - .... - ..... .... - . .... - ... .... .... - ... - ... .. - .... .... .... - . - ... - .... - ... ... - . ... - .... .... .... .... ... - .... - ... .... .... - ..... ... .... -- .... . .. - .... .... .. ... ... - ... .. . - .... ... ... .. - . ... - .. . .... - ... ... - ........... - ... - .... - .... ..... - .... .... - ' • Befo~e payment of assesi1m't. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... - - .. - .... .... - +1st inst1lm't pa.Id .... - .... .... .... - ... - ... .... ... - .. .... .... ... . .... .... ... - .... .... - ... .... - .... - ... .... - .. .. ... - .... - ... - ··•· - ; 2d instalm't paid, - 13d paid. ~ !l:h p id. I E.x:-div. 10 J% in bonds. a Stamped. 1- 0 9 TOCK.: . HAILlWAD AND ~IISOELL 1898-Concludt>d . STOCKS. .JANUARY FEBR' RY . MARCH . APRIL. MAY. . -Jm,E. - - -JfTLY-. - - -· ____ ,____ , AUGUST. SEPT'BER OC'TOBER NOV'BER. D E C'BER. Low.High Low.:l'Iigh Low.High Low.Hii?h Low.HIJ?h Low.High Low.High Low.High Low . High Low.High Low.High Low.High, ------------- ·- - - - - - - - - --- ---- ------ ---- ---- - - - ---Federal Steel.... .. . .. . . . . . . - . . . - . . . . . . .. 29 - 33¼ 30¼ - 33¾ 31 - 52 Pref....... .. .. .. .. .. . . .. . . . . . - . . . . .. . . - . . . .. .. - . .. . . . . . _ . _ .. . . . . .. _ 69¾- 75¾ 71½- 79¼ 75¾- 85!4 General Electric Co..... 33½- 37¼ 30½- 39¾ 29¼- 35 30¼- 33¾ 32¼- 37¾ 36½- 39¼ 38¼- 40½ 39¾- 42¾ 42¼- 50>~ 47 - 4.8¼ General Electric, new.. .... - . .. . ... 76 - 80¾ 77¼- 83¼ Ell - 85 84¼- 97 - . ... 65 - 72½ Glucose Suaar Refln'ir . .... - ........ - . ....... - . . . . .... Pref .................. . ........ - ........ - ... . 107¼-109¾ Hawaii Com. & ~- Ref. 2!!),(- 33 29 - 36¼ 22½- 33¼ 15¾- 26 17¼- 24 20 - 27½ 20 - 26 24¾- 27~ 25 - 29¼ 30 - 53 491/,r 61 60¾- 69 90 - 96¾ H.B. Claflin Co ......... . 92 - 92 92 - 92½ ... - . .. . . ... - .... 87¾- Si¾ 88 - 89 94 - 94 92 - 92X? 89 - 91 1st pref.... ................... 94 - 94 2d pref. ....................... 94 - 94 ........ ........ - ... . .... .. Illinois Steel............. 48 - 55¾ 46 - 55 45 - 50 44½- 45½ 49 - 59% 54%- 60 56 - 60 5i½- 73}1. 64¼- 75¼ Trust receipts ......... . ... . 67 - 67 67 -f93½ U00¼-102 International Paper.... . .. . 49 - 66 48 - 58½ 49¾- 55½ 50¼-- 63¾ 68 - 67 Pref . ...... .... ... . ~ ... . 88½- 93 85 - 91¾ 86 - 97¾ 88 - 93~ 90 - 95 Knick. Ice (Chicairo) .. . .... 64:J(- 67 Pref............ ............... 81 - 82!4 Laclede Gas, St, Louis 44 - 48 3:)}4- 44½ 37¼- 43!J:f 39¼- 43¾ 44 - 49½1 48 - 52 49¼- 5!1}.f 50¼- 51¾ 48¼- 501¼ 46 - 49¾ 47¼- 50 50½- 54 Pref.. ....................... 93 - 94½ 92 - 92 85 - 85 85 - 87 .85 - 91 90½- 93½ 91 - 93 93 - 96¼ 9! - 95 90 - 93¼ 92¼- 94½ 94 - 96 Manhattan Beach Co.. 4 - 5¼ . . .. - . . . . . .. . - . . . . . . .. 5 - 5 • .. • - . . • . 2 - 2 - . . . • .. . Mergenthal'r Linotype .... - .... 145 -145½ UO -140 uo -HO HS -145 _ ........ - ...... .. Metropolitan Street ... . 128½-147¾ 132 -171½ 125}4-156 131%-142¼ 142½-163½ 156½-162% 146¾--160 149 -168 151¼-159½ 156½-167 160 -181 179~-194¾ Mich.-Peninsular Car . ... _ ........ _ .. .. .... - .... 15½- 15½ 20 - 20¼ Pref ...... .................. 54 - 54 57 _ 60 .... - ........ - ... . . ... - .... 70 - 70 National Biscuit ......... .... 30%- 36 31¾- 33% 32 - 33¼ 33 - 48¼ 43¼- 52¼ Pref............... . . . .. - . .. . 94¼- 91l¼ 95 - 97 95 - 97 99 -101 100½-106 Nat. Linseed Oil Co . .... 17 - 19 17 - 18¼ 15 - 16½ 15 - 16 18 - 21¾ 15¾- 20¼ 4 - 16¼ 5½ - 9 2½- 6½ 2~.(- 7 5¼- 10~ 8 - 18¼, Trust certificates...... - .... _... - . . . . .. . . _ . . . . .. .. 8 ½- 9¼ National Lead Co ........ 34 - 37% 30 - 36¾ 26¼- 33¼ 27¾- 31 30 - 33% 33 - 36¼ 33¼- 37 3R½- 3~% 32~- 37¾ 31¼- 34% 32~- 36% 35¼- 39¾, Pref'........................ 100 -108¼ 103¼-109x, 101½-lOOX? 99 -104 105½-108½ 105½-107¾ 107 -110 110¼-113½ 109:):(-111 109¾-110 111¼-113¾ 112½-114½ Nat. Starch Mfg. Co .... . .... 8¾- 9 . ... 6 - 5 5 - 6¼, .••• - • . •. 5¾- 5¾ 6¼- 8 3¾- 4½ 4 - 6½, 1st pref................... 75 - 80 75½- 79 60 - 72½ .... - ........ 65 - 65 73 _ 73 67½- 67½ .• . . - . . .. 60 - 60 ~d Pl'M ..... .............. . 30 - 30 . ... - ........ - ........ 15 - 15 16 - 16 25 - 27 .... - .... 12¼- 12½ 12½- 12½ 25 - 25 New York Air Bro.ke .. 23 - 26 23 - 26 22 - 24 14 - 22 17 - 41¾ 35%- 51 42 - 5!½ 55½-100 92¼-120 89 -105¼ 9~½ 105 97¼-120 North American Co...... 4¼- 6¼ 5¼- 6¾ 6¼- 5-U 5 - 6½ 5½- 6½ 5%- 6¾ 5¼- i¼ 6½- 7¼ 6¼- 6!14 6 - 6½ 6¾- 7% 6¼- 7!Jt Oreg.Improve.tr.rec .. U9 -130½ 125¾- 30 12!½- 30 1125½- 28 n27¼- 31 11 29 - 30¾ .... - . .. . .... - ... . .... - ........ - ... . .... - . . .... . . - . . . • PacHlc Mail S.S......... . 29¾- 32 26¼- 32¾ 22 - 28¾ 21 - 25¾ 23¾- 29¼ 28¼- 30¾ 28 - 3 1 29¾- 35¾ 31¾- 35¾ 31%- 3! 33¼- 39¾ 36¾- .:1J Peoples' G.-L.& C., Cb. 94¾- 99¼ SB¾- 99½ 86½- 91½ 86½- 93% 91¼-104¼ 9!¾-10!¾ 97½-101½ 98 -108 101 -108 101 -105½ 102¾-112 106½ -ll~¾ P. Lorillard, pref ........ .... - . .. . .... - ........ ... - . . . 116 -116 ... _ ...... .. Pullman Palace Car .... 173 -179 175 -189¾ 165 -181 170 -174 175¼-191 186½-207¾ 207 ·216 184 -211 186 -189¾ 189¼-199% 132 -141½ 139 -159¼ Sliver Bullion Certs... 51S½- 56½ .... - .. . . 66¼- 57¾ 56 - 57¼ 58 - 58 59 - 59 59¼ - 59¼ tlO¾- 6()% .... ... . - . .. ... .. South, & Atlan. Tel'gb .... 100 -100 - .. .. .. .. - ...... .. Stand. Dist. & Oistrlb . . ... - ... . 19¾ - 23¾ 19 - 22 Pref.......... . . .. . .. . . .. . .. . . . . - .. . . 66¼- 75 70 - 74 Standard Gns . . .... .. . . . 143½-147 Stand. Rope & Twine. . 3¼- 4.¾ 3¼- 5¾ 3½- 4¾ 3½- 4 4¼- 7 5¾- 6¾ 5}.1'- 6¾ 5 _ 10¼ 6:):(- 9 5¾- 7¼ 6¾- 8 ¼ 7¾- 9¼ Texas Pac. Land Trust 5¼- 6¾ 6¼- 6¼ .... 5 - 6 5¼- 7¾ ...• 7¾- 9X! 6¾- '77/4 ... . 6¾ - Sxi 8 - 12¼ Third Avenue (Cable) .. 164 -186½ 175 -194¼ 160 -188 155 -168½ 162½-179 172½-180 li.5 -179 178 -179 168 -178 145 · 168 159 -1115 158½ ·171 Twin City Rap. Tran ... 16½- 19.¾ 19¼- 20 20 - 20 19¾- 20 19¾- 19¼ .. . - .... . ... - . . .. 21 - 30 30 - 30 .... 29¾- 30 30 - 36½ Pref....... ................ - ...... . . .... - .... 107½-107¼ U.S. Leather............ . 6!1,£- 7¾ 6½- 71}.f 5¾- 6% 5¼- 6 6 - 8% 7 - 8 ¾ 7¼- 7¾ 7 - S¾ 6¼- 7¼ 6 - 6½ 6¼- 6¾ 5¾- 8 Pref............. ........... 63 - 67 59%- 66¾ 53¾- 63¾ 56 - 613¾ 59½- 69¾ 63 ➔.!· 68¼ 65¾- 69 68 - 74½ 63¼- 73¼1 63 - 65¾ 65 - 69½ 67¼- 75¼ u. S. Rubber Co........ 15 - 17¼ 15¾- 21% 14¼- 19 15½- 17 17½- 22¾ 111¾ · 26 24¼- 39¼ 36¼..- 4~½ 35½- 47~ 36¼ - 43¾ 40¼- 46¾ 42¼- 48 Pref ........ ............... 63½- 66¾ 65 - 74.¾ 60 - 68¼ 63 - 68 67¼- 80¾ 78¼ · 90 83 - 97 96 -109¼ 96½-105½ 98½-104¼ 100¾-105¼ 105%-ll!lxt. West Chicago Sn•eet ... . 100 -102¾ 97½-101% 89¾- 98¾ 87}-4- 93 88¼- 95¼ 90¾- 9!% 92 - 98½ 92½- 97¾ 94¼ · 95% 93 · - 95½ 95¾- 96¼ 94¾- 97¾ Western Gas .... . ......... ·s6 - 86 .... - ........ - ........ - ........ - .......• - ........ - ........ - .... . ... - ........ . Western Union Beef.... 7½- 8 8 - 8 7½- 8 8 - 8 - ... . .... - ... . .... - ... . .... - •....... - . . . Western Union Tel. .... . 89½- 93~ 86¼- 92¾ 82¼- 89¾ 83%- 87½ 87 - 92½ 90 - 95 91¼- 93¼ 92½- 9 j % 90½- 94 ¾ 90¾- 93 92)4- IJ4 91%- 95¼Wes•tn!!'hnn~P Ff,.,.tl''f' 11~'\i( - 68¾ .... :I: 3d ins talment paid. O5th instalment paid. ,r Stamved. ,. . - 1S99. STO{)KS. JANUARY FEBR'RY. MARCH. APRIL, MAY, JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov ' BER. DEC' BJ£R. - - - - - - - - ---- - - - - - -· - - - - - - - ---- - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hi11:h Low.High Low.Rig - - - - - - ----- - - - - - - - - - ---- - - - - - - - - - RAILROADS. .... .... .. .... - ... .... - .... 210 -210 .... - . ... .... .... .... Albany & Susquehan .. .... - . ... .... ... . £06½-206½ 16 - 16¾ 16 - 19¾ 18 - 18 ... . - .. . 18 - 18 19%- 19% 18 - 18 17¼- 17 Ann Arbor .................. 14½- 17½ 15½- 16 ... . - .... 14 - 14 41 - 41½ 39 - 41½ 42¾- 48½ 44 - 47½ 40 - 46 Pref........................ 38 - 40 36¾- 38% 36¼- 37¼ 36½- 38 36 - 43¼ 42 - 68¾ 40½- 41 Atchlsoa Top, & S. Fe .. 18 - 24¾ 21 - 24% 2()%- 22½ 20¼- 22½ 17 - 20¾ 17 - 18% 19¼- 21¾ 20¼- 23-U 19¾- 227~ 19½- 22% 21½- 23½ 17 - 23¾ Pref ........................ 60¾- 65¾ 59½- 67 59¾- 64¼ 59¼- 64 51 - 61¼ 53¼- 68 58 - 63¾ 62 - 68¼ 60¾- 66¼ 61 - 67¾ 63¾- 67¾ 54 - 66¾ .... .... - . .... - .... .... - ·•• · - .... Baltimore & Ohio ........ *66¼- 74½ *70 - 73½ *68 - 72 *70¼- 76¾ *67 - 73 *65½- 65¼ .... - .... .... Bait. & o. vot. tr. ctf... 53¾· 597/4 55 - 60 56 - 53¾ 56¼- 61¼ 62 - 59½ 43%- 53 47 - 49¾ 47¼- 67½ 49 - 55¾ 47¼- 64¼ 50 - 59~ 48 - 60 69½- 74 71¾- 73¼ 72 - 75 67¾- 74¾ 71~ - 85½ 67¼- 84 Pref. vot. tr. ctf........ 75¾- 79½ 76¾- 78¾ 76¾- 79 76½- 78½ 73 - 76¾ 67½- 74 Bait. & O. S. W.-Pref. 8¾- 9¾ 8½- t9¾ f8¼- 8¼ tS¾- 9½ tS¾- 8¾ t7¾- 8¾ t .8¾- 8¾ t 8¾- 9¼ t 8¾- 9)4 .... - ... . .. .. - . ... - .... .. .... .... - .... .... - . ... .... - ... . .... ... .... - . ... 106½-106½ .... - . .. . Bos. & N. Y. A. L., pf... .... - .... .... - .... .... - .... . ... . .. 32 34 30¾32 .... 34 35 32 44 65 - 56 32 41 - 85 39 - 40 - 69 Buff. Roch, & Plttsb .... 31 - 34½ - .... .... ··• · 75 - 76 76 - 96½ 79½- 85½ 99 - 96 73 - 73 75 · 75 88 -103 69 - 70 Pref ....................... 74 - 78 76 - 76½ 73 - 74 .... Burl. C. Rap. & North .. 100 -110 .... - ... . 105 -105 106 -106 .... - . .. . .... - .. .. .... - .... .... - ... . .... - . ... . - .... .... - .... 96¾- 98 86 - 94½ 91¾- 97 Canadian Pacific . . .. 8!%- 87 85½- 90¾ 84¾- 90 85½- 98¼ 95¾- 99½ 96 - 99¾ 97 - 99 91 - 96¼ 94 - 96 53 - 55 51¾- 55½ 61%- 64½ 52¾- 64% 46)4- 54 Canada Southern ....... 5'l - 70 57¼- 62 56¼- 61 66 - 69½ 52¾- 57 50½- 66¼ 53¼- 55 105 114 llfl½.-119¾ 110 -122¾ -119½ 114 -122¾ 116¾ ·119 116½-121¼ -118½, 117½-126 120¼ -126¾ Central of NewJersey. 97 -106¼ 98½-112 *109¼-21½ Rights ......... ........... .... ... - ... . ... - .... .... - . ... 1%· 2¾ .... - ... .... - . .. . .... - .... - . ... . - .... - ... . . - . .. . . ... . - . . ... .... - ... . .... - .... . Central Paclftc .......... 41 - 52¾ 49½- 55¾ 47½- 62¾ .... - .... .... - .... .... - ... . tSpeye1· & Co. ctfs ..... .... - .... .... - ... . 49¾- 521}.j !l9½- 53 *45¾- 63¾ *50 - 52¾ *61¼ - 54¾ *63¾- 60¾ *55¾- 69!}{, *66¼- 58¼ .... - . .. . - .... Chesapeake & Ohio ..... 24¾- 31 2R - 31¼ 26¼- 28% 26 - 28¾ 23¾- 27¼ 23%- 26¾ 26 - 29¾ 27½- 29¾ 25½- 29¼ 24 - 27¾ 26¼- 30¾ 25 - 311f .... ... , .... 172%-175½ .. . . 170 -174 171 -171 ... ... . . 16S -172 ... . . ... .. . ... . Ohlcairo & Alton .......... - . . .. Pref ........ .. ............ . 192 -192 198 -199 .... - .... .... - ..., - .... . - .. .. .. .... .... - ... . ... - . .. . .... ... . .... . .. Chlo. Burl. & Quincy ... 124¼-141½ 131%-149½ 137½-145¾ 139¼-146:ki *127 -H4¼ 126¼-136¾ 134¼-138½ 135½-138½ li8¼·137¼ 127½-135 130¾-134% 114¼-134~ .... .... - ... .... ... 5½- 6 .... - .. .... ... . ... - .... .... - .... ... .... .... - ... . Rights ..................... .... - . ... 73½- 76½ 75 - 98 83¼-100¼ 91 - 99½ 95 - 97¾ 82½- 97¼, 71¾- 79 Chic. & East'n Jlllnois. 59¾- 68¾ 64¾- 68¾ 66%- 75 73½- 79½ 72%- 77 Pref........................ 112¾-116 116 -118¼ 122½-125 123 -124 123¼-124½ 121 -122½ 121 -123¼ 125½-132 129 -132¾ 126 -129 125 -126 1~0 -120 15 17¼ 15 13 14¾- 16¾ 13%- 16¾ 13%- 14% 14¼ - 15¾ 10¾- 147. Chlcairo Great West .... 15 - 20¾ 15¾- 17½ - 14¼ 14 - 15 - 16% 13¼- 15½ 4 per cent debenture.. 83%- 91¾ 90 - 93¾ 89½- 91½ 89½- 93 91¾- 93 90¼- 92)1 89½- 93¾ 92½-103½ 90 - 96¾ 90 - 92 90 - 93¾ 62 - 94¼ 69½ - 85½ 78 - 84'½ 79½- 83½ 80¼- 83½ 73¼- 83 66 - 69¾ 68 - 70 ~ p. c. pref., A ........... 50¾- 63¼ 59¾- 73¼ 68%- 72¾ 70 - 72½ 67 - 72 321/s - 44 38 - 44¾ 39 - 4:-l 4 p. c. pref., B .......... 29¼- 35¼ 31¾- 37 35 - 37¾ 35½- 37¾ 32½- 37 ·2s - 33~~ 30 - 33 40½- 42¼ 33¼ - 41 9½- 10½ 8¼- 10½ 9 - 12½ 10¼- 12½ 11½- 19 13 - 17 8 - 11¾ 8½- 10¼ 9 - 12½ 9 - 10½ 8 - 10 Chic. Ind. & Loulsv .... 7:J:i- 10 32~- 43½ 39¾- 44 40¼- 42¾ 40 - 44¼ 42¼- 46½ 42½- 52½ 42 - 50½ PreJ ......................... 31 - 36½ 35¾- 45½ 43 - 49¾ 42 - 49 37 - 46 Ohle. Mllw. & St. Paul .. 120¼-130¼ 124¾-133¾ 126¼-130¼ 124½-129¾ 120¾-128¼ 121¾-131 12\l¾-133¼ 130%-135:X, 125% 136]1 122½-128% 123¾-127¾ 112 -125¼ Pref ........................ 166¼-ltl8½ 168 -170 169 -173½ 169 -171 169 -170 169 -174 174 -175¼ 173¾-177 177 -179 169 -173 171¼-174¾ 165 -173¼ Chic. & N ortlrwest ....... 141¼-152½ 147 -161% 146¼-166 154 -164 149½-168 148 -163 159 -163¾ 160 -165~ 165 -173 162½-172½ 165¾-171½ 148 -169½ Pref ......................... 188 -191 190 -193 192 -194 193 -194 190½-190½ 191 -200 196 -196 195 -200 200 -210¾ 204 -207 202½-204¾ 201 -203 11:-l -122¼ llfi -122 115½-121½ 116 -120¼ 1nn6-lHi¾ 108 -117¾ 115¾-120¼ 117¼-121 110¼-120~ 110¼ 1 lflV, 1 2 -11;. 11-1 1011 - 114 Chic. R. T. & Pnf'lfir.. - .... - .... - .. .... - - - ... - .... - .... - • Trust receipts; all assessments paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t Tru~t receipts. .... - .... ... . i Ex-rillht><. .... - .... .... ... - -. .... - . . .. .... - ... ... ... - .... . - . - .... ... .... ... ... .... .... - .... .. ... .... ... - I·L .\ILROAD 110 1899-Continued. JANUARY FEBR'RY. MARCH. MAY. - - - - - -· ---- - - - - - - -APRIL. ·- - - - - - - - - - · - - - - - - STOCKS. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEO'B ER. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hl11h -Chic. St. Paul M. & 0 ... 91¼-100¼ 91 - 94½ 91¼- 98¼ 92 - 98 92½- 96 !}298-109¾ 105 -108½ 108½-117¾ 117 -126½ 119 -124 115 -121½ 112 -124 171 -175 .... - . ... 185 -185 175 -175 .... Pref ............. .......... 170 -173 170 -173 170 -176 .... - .... 175 -180 178 -182 .... 8 - 14 -Ohle. Term'l Transfer .. 7¼- 12'7.18 10¼- 14¼ 12 - 25¼ 15½- 23 15 - 21¼ 15 - 19 14¾- 15:1,4 13½- 15~ 11 - 14¾ 12 - 14½ 11 - 15 40 45 37¼31¼- 42¼ 44 45 52 40¼45¾48 - 44~ 45½- 49¼ Pref........................ 36½- 40 37¼ - 40½ 37¼- 56½ 47 - 54¼ 42¾- 55¾ -Olev. Clo. Chic. & St.L. 42¼ - 61¾ 57:1,4- 62 56¼- 61¾ 56½- 63¼ 51 - 61¼ 50¼- 59¼ 57 - 59¾ 56 - 59 54¾- 59¼ 52¼- 60¼ 57¼- 64¾ 53¾- 64¼ 99 -100¼ 100 -107 100 -108 97 -100 95½-101 99 -100 98½-100 Pref........................ 95 -102¾ 98 -100 96 - 98½ 96½- 98 9! - 97 .... 9 9 9½- 12¼ 10 - 11½ 10 - 10¾ 11 -15 11 - 15¾ -~lev. Lor . & Wheel'g .. 12 - 16¾ 11¾- 13¼ 10¾- 11¼ 12¾- 13¼ 11 - 11 ... 38 - 41 40¼- 47 44 - 49¼ 39¼- 45 37¾- 45 Pref ........ ... .. ...... ... 41 - 44¼ 42 - 43 42½- 42½ 40 - 45 39 - 44½ 37¼- 38½ .... 189 -189¾ 190 -190 188½-188¾ .... ~leve. & Pittsb. gun.r .. .. .. 184~-184~ . .... ... 188¾-188¼ . ... ,6 9)4 8 - 11¼ 7 7¼6¾ 6 5 6¼7 5 9 S¾ 7½ -Ool. Mid., vot. tr. ctfs. ... . .... ... 7 . .. 7½7¼8¼ 7½ 19 - 28 17¼- 24~ 15¼- 24¼ 17 - 22¼ 21 - 27 Pref. vot'g trust ctfs .. 19½- 22!,,{ 20 - 21¾ .... - . ... 17¾- 19 16 - 16 17 - 18 15¼- 17 4~ U% -Oolorado & Southern ... 7½- 8¼ 6¼- 8 4¾- 5¼ 4¾- 5~ 5¼- 7 6¾- 77.18 6 7¼ 5¼- 6¼ 5¼- 5¼ 4½- 5¾ 4¼- 6 43 - 45)4 46 -48¾ 43 - 477.18 43 - 46¾ 45 - 48¼ 35 - 48¼ 1st pref ... . ... ............ 49)4- 57½ 54 - 56¼ 53~ 58½ 00¼- 55 44 - 50¼ 41!1(- 47 17 - 18¾ 14¾- 17½ 16 - 17 16¼- 19½ 12¼- 19 20 - 22 2d pref ... . 17¼- 20¼ 16 - 19¼ 17 - 17 18¾- 24½ 21½- 22½ 20¼- 25 .... - .... .... - .... .... . .... .... ... 3 - *6¼ *5¾- *9¼ "8¼- 11¾ •10 - 11 .... -Col. Hock. Val. & Toi.. 2¼- 4 .... .... .... - .... .... - .... Pref....................... .... .... 7¾- 15 ... 8¼- 8¾ *12¼-•20 •17 - 20 •17 - 17¼ . Delaware & Hudaon ... 106¼-117¾ 110 -116 111¼-117½ 115 -125¾ 115 - 122 115½-124 121 -124¾ 121!'4-126¼ 120)4 135½ 118¼-124½ 118¼-123¼ 109¼·12®.C Del. Lack. & Western .. 157 -163 157¼-162 167 -174¾ 168 -179 165 -171¾ 165¼-172 168 -179½ 175 -181 174 -191¼ 185¼-194½ 187 -192½ 169 -189¾ •Denver & Rio Grande .. 16¼- 21½ 21 - 24¾ 20!1:{- 24 21¾- 25¾ 21¾- 24¼ 21¼- 24¼ 20¾- 22¾ 21 - 24~ 20¾- 23~ 20 - 22~ 20¼- 21¼ 15¾- 2c»! Pref .... ... ................. 68½- 73¾ 72¾- 711¾ 71!4- 76¼ 73¼- 80 74¼- 79¼ 74c¾- 79¼ 74¾- 78¾ 74¼- 78~ 74 -7~ 72½- 77¼ 74 - 77¼ 63 - 74¾ ·Des Mo. & Ft. Dodire ... 19¼- 23½ 19¾- 23¼ 18 - 21)4 18 - 21¼ 15 - 18 13¼- 22¼ 20 - 21¾ 20 - 21¾ 15 - 18½ 17¾- 19 171,(- 18hj 12¾- 18 Pref ......... : ...... . ... ... . 80 - 80 . 110 -110 . 90 - 90 · ••· - .... - .... .... - .... 3 - 6¾ 5 5¼:. •Duluth So. Sh. & Atl .. . 3¼- 3¾ 3)4- 4½ 3¾- 4 8 5 - 6¼ 5 - 6¾ 4¼- 6¼ 6 6½ 4 - 4¼ .... - . .. Pref ....................... 7¾- 8¼ 8 - 11:1:( 9¾- 10¼ 9 - 14 11 - 12¾ 9 - 12¼ 11¼- 16~ 13½- 15 11~- 14 13¼- 15~ 14¼- 17)4 12¾- 1 ........................ ·Erle 13!1:(- 16¼ 14¾- 15¾ 13¾- 14¼ 13¼- 14¼ 12¼- 13¾ 12¼- 13 13¼- 14 13¼- 14¾ 13 - 14 12!1(- 13¾ 13 - 13¾ 10 - 13 1atpref................ . ... 37¼- 42 38¼- 4~ 37¼- 40¼ 34 - 39!1:{ 33¾- 37¼ 33¼- 36¾ 35;Jt- 38¼ 37 - 40 36 - 39~ 34¼-38M sell(- 39¼ 27¾- 38 2d pref.... ............. .. 19 - 22½ 20¾- 21½ 20 - 21½ 19 - 20¼ 16¼- 18~.( 17½- 18¼ - .... 18¼- 20~ 17~- 19½ 17¼- 19½ 19 - 20 15¼-1 36¼- 39½ 37¾- 40)4 38 - 41¼ 39 - 40 •B uan•vllle & T. Haute. 37¾- 41)4 37¾- 39¾ 36 - 39 40 - 45¼ 42¼- 46 41 - 44 43 - 46½ 38 - 45 Pref ........ ....... ......... 70 - 74 72 - 77 77¼- 79¾ 7'7¼- 77½ 79¼- 85 90 - 91 80 - 90 77 - 80 85 - 96½ 95 - 98½ 90 - 90 80 - 80 25 - 26¼ 26 - 32)4 30 - 31) -Pilot & Pere Mn.rq .. .. .. 17 - 26 23 - 25 22½- 27 28 - 31 .... - .... . Pref....... ..... ... ... . .... . 43¼- 48¼ 47 - 48 46 - 48 62 - 62 46¼- 54!14 54 - 65 .... 57 - 58 .... - ...... ... 15 - 16 Ft. Worth & Den. City 24!4- 25 15 - 15 .... 16 - 16 21 - 24 21 - 21 14 - 16 .... 14 - 22¼ . . Ft. Worth~ Rio Gr .... 16 - 16 14 - 22 20 - 30 26¼- 28¾ .... .. 22 - 26¾ 22 - 26 24 - 28 26 - 26¼ 20¼- 22J.t. . .. .... - . Great Northern, pref .. .. 142½-176 174 -190 181 -195 188¼-195 170 -191¼ 164¼-170)4 164¼-172½ 1661'-168~ 161 -167 160¼-179¼ 171¼-177¾ 167½-179 Green Bay & Western. .... .... - .... 30 - 30 .... - ..... · ••· .... . ... ... . .... .... .. . .... .... .... . 45 - 45 .... Deben. certs., Ser. A .. 49¼- 61¼ 59¼- 59¼ 67¾- 58½ .... - ... . 58¼- 58¼ . ... - . ... .... - .... 59 - 60 .... - . ... 58 - 58¼ .... ... 51 - 56 Deben. certs., ~er. B. 5½- 9 6¾- 8 6 - 6¾ 6 - 6½ 5 - 5~ .... - . ... 6 - 6¾ 6),(- 7¾ 5¼- 7 6 9¾ 7¼- 8¾ 5¼- 7 Hocking Valley .. ... ... . .... .... - .... .... - . .. 29 - 29 23¼- 27¾ 24¾- 24¾ 22 - 25½ 24¼- 35¼ 33 - 37~ 30 - 35 30¼- 35¼ 28¾- 35 Pref . . ...................... .... - . ... .... - .... . - . ... 5P¾- 601.ji 54¾- 59¾ 66 - 58¼ 57 - 60 59½- 65¾ 61 - 66¼ 61¼- 64¾ 62-7,,fr- 66¼ 53¼- 66!4 Ullnol8 Central ......... .. 114 -122 114¾-11~ 113¼-118!,,{ 113½-118¾ 111 -117½ 110 -115½ 114½-118 114¼-116¾ lt2 -116¼ 111¼-116¼ 113¾-116¾ 105½ -116 Leas'ed line, 4 p. c . .... 100 -100 .... - .... .... - ....... - . ... · ·•· - .... 9!}¾-101!,,{ 101½-103 . ... .... .... - .... . ... ... 10! -mt 103¼-103¾ ·Iowa Central ............. . 107k 13 lll}fl- 12¾ 12 - 14 11½- 13 10¼- 11½ 11½- 13¼ 11¾- 13 12¼- 15~ 12¾- 14½ 13¼- H¾ 13¼- 14½ 10¾- 13¾ Pref ... ........... ........... 42¾- 49¼ 46 - 51¼ 44 - 47½ 45 - 47½ 42¼- 46½ 45 - 49¾ 49 - 53¾ 52 - 62¼ 64¼- 58½ 56¼- 60¾ 67¾- 60~ 40 - 58 13 - 14½ 10¼- 12½ 10¾- 12 Kanawha & Michigan. 7¾- 13½ 9¾- 13~ 12¼- 15 9¾- 11 12 - 12 10¾- 12)4 11 - 11¾ 10¼- 12¾ 12 - 12 K. C. Plttsb. & Gulf .... 12¼- 18 14 -17¼ 7 - 15¾ 1½- 12¾ 9 - 11¾ 7 - 9¼ 7 - 8 7 - 17¼ 7 - 10½ 7¼- 8¼ 7¾- 10¼ 7¼- 10¼ Keok . & Des Moines.... 5 - 5 .... .... 5 - 5~ .... - . ... 3 - 3 3½- 3½ .... - ··!le 5 3¾- 3¼ 6½ 4 - 5 . ... - .... 4 Pref .. . ............. . ...... 17 - 17¾ 17¼- 17½ 15 - 16 16 - 17¼ 17 - 17 16½- 16½ 18 - 18 18 - 22¼ 20 - 21 18 - 18 .... - .... 17¼- 17~ Keokuk & Western .... 32 - 32 ... - .... .... - . .. . .... - .... .... - . ... .... - .... .... - .... .... ... . .... .... .... .... .... - .... Kingston & Pembroke 2 - 6 .. .. - . .. . .... - .... .... - .... .... . ... - . ... .... - . ... .... - . ... .... - . .. . ... . ... 1½- 7½ ..•• 17 - 19¾ 16 - 17l}.( 14¾- 18¾ 17¾- 22¼ 21 - 21¼ 19 - 21¼ 18¾- 19¼ 18¼- 21¼ 18 - 24 Lake Erie & Wes tern ... 15 - 22!,,{ 17 - 22 18 - 20 Pret ........ ................ 60 - 75 60 - 71½ 65¼- 69¾ 66¼- 69½ 66½- 69¼ 67 - 71½ 71 - 81½ 80 - 81¾ 78¼- 80¾ 78 - 80¼ 78 - 80¼ 75 - 85 Lake Shore ................ 196½-208 202½-202¾ 200 -200 200 -.201 200 -205 201¾-204½ .... - . ... 201 -201 202 -202 .... - . ... 205 -208 205 -205 77 - 85 Lonir Island .. -~ ....... ... 56¼- 77½ 73 - Si½ 73 - 80 70 - 76¼ tl5 - 65 46 - 55¼ 45 - 54. 60 - 65 69¾- 70 57 - 60 70 - 70 LoulsvUle & Nashville. 64 - 69 63¼- 68¼ 6!¾- 71¼ 70¾- 76 63¾- tl7¾ 63 - 66¾ 63 - 69 74¼- 83¼ 76¾- 82 75¾- 88¾ 84¼- So¼ 72¾- 85 Manhattan Con8ol.- .... 97 -118½ 109 -116½ 103¾-116 111 -133¾ 10! -119¾ 103,½-120 115½-121% lll¼-120¼ 105 -118¼ 105¼-113¾ 101¼-113¾ 85¼-10 Rights. - .... .... - . .. .... - ... .... - ... .. - •··· .... - .... . ... . ... - . . ················ ... - ... · •·· - ... 2¾- 6¾ . ... - .. .. . ... Subscription receipts .... - . ..... - ·· •· 19¼- 23¾ 21 - 41 ... - .. . .... - . .. . - . .. .... .... .... .... . .. . .... ... . - .... lUexlcu.n Central ........ 6 - 7¾ 6¼- 7¾ 6 - 8½ 8¼- 17½ 12 - 15½ 11½- 14¼ 13¼- 15¼ 14),,!- 16 14 - 16i,4 13 - "14¾ 12¾- 14.~ 8Ya- 13 Mex. National, ctfs ... ... 1 - 1¾ 1)4- 1¾ 1¾- 3¼ 2~(!- 4% 3¼- 4½ 3 - 4 5 - 6¼ !I.¾- 5¾ 4¾- 5¼ 3¾- 5 3¾- 6 3¼- 4 Michigan Central ........ 112 -116 112 -112 114 -114½ 113 -115 113¼-113½ 113 -113 111 -111 110 -112½ 111 -111 110 -110 110 -110 108 -110 Mlnnen.p. & St. Louis .. 35¼- 45¾ 44 -M½ 52¾- 54 50¼- 62½ 53¾- 62½ 52½- 58¾ 54 - 58 58¼- 78 71¼- 77¼ 69 - 72¾ 65 - 72½ 55 - 66 1st pref......... ........... 97¼- 99 98½- 99¾ 99½- 99¼ 98¼-100 101 -101 .... - . .. . .... - .... .... - .... .... - . ... .... - . ... . ... - .... .... - . ... 2dpref.... ............... 73¼- 79 90 - 94¾ 89¾- 92 79 - 90 86 - 86¼ 83¼- 89¾ 88 - 98 92¾- 98½ 97¾- 97¾ 9! - 96¼ 95 -~ 89 - 98 Minn. St. P. & S.S. M .. 8¾- 8¾ 10),6- 17 17)4- 19½ 19½- 26 25 - 37¼ 22¼- 29 23 - 27½ 22¾- 22¼ 23 - 24~~ 18 - 20 23 - 27% 22 - 28 Pret ....... ................ - .... 39 - 45 48½- 48½ 47¼- 60 62 - 72 62¾- 69¾ 61¼- 67¼ 63 - 69¼ 63 - 68¼ 62¼- 65' 62 - 66¾ 68 - 60 Mo . Kansas & Texas... 13 - 14¼ 13¼- 14¾ 13 - 14'¼ 12¼- 14 11¾- 13 12 - 12% 11¾- 12% 12¼- 14¾ 12¼- 14½ 12 - 13¾ 12 - 13½ 9½- 12¾ Pref ................... ..... 36¾- 40¼ 36½- 41¾ 37½- 40½ 38½- 42½ 30¼- 39 30¾- 35½ 33¾- 37¾ 35¾- 45¼ 37 - !lc5¼ 37 - 39% 38 - 41½ 28¾- 39 Missouri Paclflc .......... 43¼- 49¼ 43¼- 48½ M¼- 48¾ 48 - 52½ 39 - 49¾ 38¾- !4½ 44¼- 49¼ 4i½- 51½ 42'¼- 49½ 42½- 50 146¾ - 60~ 33 - 4 Mobile & Ohio .... .. ...... 32 - 40¾ 38¼- 43 37 - 45 42 - 491)4 37 -H½ 35¾- 42 40 - 46 44¾- 52 43M- 49½ 44½- 47~ 45 - 47¼ 34 - 43 Ill orris & Essex .. ........ . 176 -180 179 -180 180 -182 182½-182¼ 183 -183¾ 185 -185 184¾-184¾ 183¾-185 182 -185 182¼ ·185 1 5)4-187 182 -186 Nashv. Chatt. & iiit. L .. .... .... - .... . .... .... - .... .... .... ... .... .... - .... .... - . ... .... - . ... .... - . 62 - 62 1.'lil. Y. Cent. & Hud. Riv. 121¾-141 133¼-140 131¾-144¾ 134 -148!1( 128¾-139 127 -141 136%--141 138 -140¾ 133¼-140½ 132 -140 185¼-140¼ 120 -134 Rights . ·· ·········· ...... .. .. - .... ... - .... .... - ... . .... - .... ... . - .... .... .... - . ... . ... - .... ... - . ... . ... - . ... 3½- 5 14 - 14¾ 12¼- 13!1( 12 - 14¼ 12 - 14 N. Y. Chic. & St. Louis. 14 - 19¾ 14 - 16¼ 13¾- 15 13¼- 16 13¼- 16 13 - 16¼ 13 - 16¼ 11¼- 13 6jll(- 65¾ 66 - 67 68 - 72 .... 1stpret .......... ......... 73 - 79 70 - 7.1½ 65 - 76 ... 72 - 72 67½- 72 70 - 85 80½- 85 80 - 83 32 30 ........ - 34 2dpref"... .. ....... 29¼- 31)4 34 - 41. 34 - 37 - 33 33 - 39 33 - 34½ 32¼- 38 32 - 38 33 - 37 29 - 36 32¼- 35 .... - . ... .... - . New York & Harlem .. . 360 -376 .. .. - .... 380 -390 390 -390 . ... - . .. .... - . ... .... .... - .... . ... N. Y.Lack.& West ..... 129½-130 130¼-130¾ 129!1(-138~ -· - ... 13!1½-132½ 133 -133 131 -131 .... ..... 132¼-132½ 132;\;! ·132¾ .... - .... ft. Y.N.Haven&Hartt. 198 -204 l07 -211 20!!,4-210 208 -222 212 -216¾ 212 -219 211¾-217½ 218 -218¼ 214 - 219 213 -215~ 214!1(-216 207½-215 N. Y. Ontario & West ... 18¾- 25 20¼- 27½ 25:k,- 2S¼ 25¾- 28¾ 23¾- 27 2i¼- 27½ 25¾- 27½ 25¾- 28 24¼- 2731: 23¾- 26½ 25 - 26¾ 18¾- 25 75 - 75 .... .... 88¾- 8811 . ... - . ... Norfolk & Southern ..... .... - ... . ... . - ... - .... 75 - 75 70 - 70 70½- ';'\)xi ... Norfolk & Western ...... 17¼- 20),ji 18 - 20~ 17¾- 19½ 17¾- 22¾ 18½- 21¾ 18¼· 21~ 20!,;(- 21¾ 21¼- 28~ 28 - 27½ 21¾- 28 25¼- 28¼ 20 - 27 65¾- 72)4 69 - 72 63 - 71 Pref"... ........... .. ....... 61¾- 70¼ 65¾- 71¾ 62¾- tl7¼ 6!~- 70¼ 65 - 68¼ 66 - 70¾ 69¾- 72 70¾- 74¼ 68 - 73 No.Pac.Ry. vot. tr. rec. 42¾- 53¼ 50 - 55½ 49)4- 54¼ 49¾- 54¼ 46~- 53'4 43:J:t- 49¾ 48%- 53 61¼- 67½ 51 - 66~ 49¾- 55¾ 63¼- 66½ 47¼- 57 75 - 79½ 73 - 78 Pref". voting trust rec. 76¾- 81½ 77¾- 80¼ 77¼- 80¼ 77 - 80 76¼- 78¼ 76¼- 78¼ 73¾- 777A 72¼- 76¾ 73¼- 77~ 68 - 77 7 7 5 .... . .. 5 . .... .... . 7 . ... 5 .... 7 - .... 5 Omaha & St. Loui8 ...... 7 - 7 10¼- 10¾ 10 - 10 40 38 34cll(33 4i 46 44¼- 44½ 45 - 45 43% ... O.RR.& N. vot. ti·. rec. 48¼- 52 - 38½ 39 - 40½ 41¾- 48¾ 43 - 47 - 44c - 50 .... 69¾- 69¾ 69 - 70¾ 68¾- 73¾ 75 - 77 76 - 77½ 75 - 77¾ 75 - 75½ Pref. voting trust rec. 71 - 76¾ 74 - 75¾ 71 - 73 76!1(- 77 .... . ... .... .... . ... .... . . - .... Pref". tr. co. ctfs, dep .. .... .... ... . .... .... .... . .. - .... .... ... .... - .. .... 41 -41 Oreiron Short Line ..... . 42 - 48 . 41¾- 41¾ .... - .. . .... - .... .... - . ... 40 - 40 38 - 39¾ 89¾- 39¾ 38 - 49 38 - 40 45¾- 60½ 47¼- 52¼ 50 - 54 46 - 52 48½- 50 .Pacific Con.st Co ..... ..... 45 - 51 44 - 48 84½- 89½ 85 - 86 1st pret ........ . 88 - 90 85 - 87 89 - 89 ·-· - . .. 83 - 86 Si¾- 87¾ 83 - 85 88¼- 90 85 - 89 84¼- 86 60 55 .... ... . 59¾ 59¼58¼- 59¼ ~dpret"..... ............ 64 - 67¼ 64 - 67¾ 62¼- 63 - 66½ 63~4- 66½ 65 - 67¾ 66¼- 6S¾ 64¾- 66 - 55 Pennsylvania RR ....... 122¼--142 129½-136¾ 130 -136¼ 130 -135¾ 125¼-134½ 126 -134¼ 134 -138 135 -137¾ 129¼-136¾ 129¼-134c 12e¼-137¼ 127 -136 Ri,ihts ..................... .... - .... .... - .... .... - .... .... - ... . .... - ... .. .. - .... .... ... .... - .... .... - .... - . .. 2¼- 3 3],(i 2¼- 3¼ 2 - 3¼ 2¼- 2¾ 2 3 2¼- 2¾ 2¼- 2¼ 2¼- '7% 2¾- 6 2 Peoria Dec. & Evn.nsv . . 1 1¼- 1¾ 1½- 2¼ 2 4 4 5 4 5 - b½ 5 5 7¼ 4¾6¼- 6¾ 4¼- 5 Peoria & Eastern•....... 4¼- 7 4¾ 4 - 4 .... - ... 5¾ 4 52 - 65 45 - 61¼ 43 - 55¾ 44.¼- 60 64¼- 78 71 - 79 72!4- 76 73 - 76 68¼- 79 66 - 74¼ 56 - 66 Pitts. Cinn. Ch. & St.L 64 - 88 95 94 93'¼-100 84 87 85 89¼ 89J,486½ 86¼82 85 - 90 80 Pref ........................ 84 - 93 - 97¼ - 87 - 86~ 80¼- 83½ 80¼- 85¾ 186¾-190 190 -190 188 -190 t88¾-188½ 184 -186 184c -184 188)4-188¼ .... .... .... - . ... .... Pitts. Ft. W.&C., iruar. 180 -182 .... . ... .... .... .... • ··•• . . .... .... .... 137 -137 .... - .... .... - ... . •·· - .. .. - . ... 'Pitts. McK. & Youirh .. .... 13 -15¼ 8 ... 8 9 7 - 13 Pittsb. & West., pref... 8 - 9½ 8 - 8¾ 8 ... 7¼- 7¼ 8 - 14 12 - 12 .... .... ... . .... . .... .... . ... Trust Co. ctfs. dep ..... ···· t··· .... 13¼- 17½ 17 - 20½ +15 - 18 - - .... - -. ... - .... .... .... - .... .... - .... .... - .... .... - - - .... - ..... ........ - .... .... .... - .... - .... - . .... - .... .... .... .... ... .... -- - .... .... - ... .... - .... .... - .... .. - .... - .... .... - - - .... .... ~ .... ... - ... - - - .... .... .... .... - .... ... - .... ... - . .... - .... .... - .... ... - .... - .... - ... -. ~ - .... - .... - .... ... - .... .. - - - - - .. . . .... ... .... - .... - - - .... - .... - - . . ... - .... .... ... .... ... - ... ... - -. .... - .... .... - . - - .... - .... - - .... .... - ... - .... ... ... - ... .... .... - .... - .... .... .... .... - .... ... - ... . .... - .... - .... - - - - - - - ... ... - .... - - .... . .......... .... - .... - - - - .. .... - • Trust receipts; all paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~ - - - .... -- .... .... - .... Tru t receints: Lt in•talment pr.ud. .... - - .... - ... .... - + 23c. pu :J. - .... - ... .... - - - .... .... -- .... - - - - ... ... .... - ..... - RAILRO K ..... 111 1899-Continued. STOCKS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEC'BER. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low. lligh Low.High Low.High Low.High --- Reading vot. tr. certs.. 20¾- 2, 20¾- 23½ 21¼- 25 22½- 24¾ 19¾- 22% 19½- 21!):! 20¼- 22 20~:!- 23¼ 20¾- 25 20¼- 22¾ 20¼- 22 15¼- 20¼ 111t pref. vot. tr. certs. 51¾- 66 66½- 66¾ 60½- 68¼ 63¾- 68½ 63 - M ¾ 65¾- 62¼ 59¼- 63 59 - 63½ 65½- 62½ 56¾- 62¼ 56%- 62¼ 42¼- 60 ~d pref. vot. tr. certs. 26½- 84¾ 28½- 35 31¾- 38~.( Si - 37% 29 - 34¾ 33 - 36 31¾- 35¾ 32¾-' 35¾ 31 - 34¼ 30½- 33¾ 29 - 33¾ 22¾- 31¾ Rens. & Sarato,ia ........ 186 191 187 -187 191 -191 . . . . - . . . . . . . . - .... 193 -193 • .• • - . • . . . . • - . . . . . . . - . . . . . . . . - . . . . . . . . - .... 200¼-200¾ Rio Grande Western... 25½- 41 37 - 43½ 35 - 36 35¾- 35½ 36 - 36 ... - . . . . . . . - . . . . 34 - 40 37½- 40 38¼- 38½ 37¾ - 4! t 2 - 48 Preterred................ . 66 - 76½ 74 - 78 75 - 79 76 - 77¾ 75¾- 78 78 - 80 79 - 79¾ 777k 83¾ 81 - 82½ 81 - 82 821,4- 90½ 77½- 90¼ Rome Wat. & O,idensb. 128¼-lSO¾ 130 -130 129!):!-131½ 132 -132 130¾-131 131 -131¼ .... - ••.•.• ,. - •.. . .. - ........ - .... 132 -135 . ... - ..•. St.J.&G.I.vot.tr.ctfs. 5 - 6 5¾- 6 5 - 5¾ 5 - 5 4 - 5 3¾- 4¼ 4¼- 5¼ 5¼- 6 5¼- 5¾ 6 - 7¼ 6 - 7¾ 6 - 7¼ lilt pret. do 48 - 56 50 - 52¾ 45 - 50½ 45 - 48 38¾- 40 39¼- 42 43 - 51¼ 49 - 52½ 50 - 51¾ 49½- 54¾ 50½- 52 45¾- 48 ~d pref. do 13½- 17¾ 13%- 14½ 10¾- 13½ 12½- 13¼ 9¼- 10 9 - 10 12 - 16¼ 14%- 16¼ 15 - 16 U - 18 16½- 17 15 - 17 St. L. & s. F. v. tr. ctfs. 8%- 14¾ 11¼- 14¼ 10¼- 12½ 10¾- 12¼ 9½- 11¾ 9¼- 11 9%- 11¼ 11¼- 12\14 10¾- 11% 10¼- 11¼ 10¼- 11¾ 8¼- 10¼ 1st pref. do 66 - 75½ 71 - 74¼ 69¾- 72 71 - 72¾ 6i - 71 66½· 73 69 - 72¾ 71%- 73 70 - 71¾ 70 - 71 71 - 73½ 69¼- 72 2d pref. do 33¾- 44% 37 - 4i½ 37¼- 41¾ 37½- 41 35 - 39 35 - 37¾ 36¾- 39¼ 87¾- 39¾ 35¼- 37½ 35~- 37¾ 35¾- 3i ¾ 28¾- 36¾ St. Lou.ls Southwest'n.. 6¾- 12 9½- 11¾ 8¼- 12 11¼- 15 11½- 14½ 11¼- 13¼ 12¾- 17 16¼- 18¼ 13¾- 16¾ 12¾- 15 12¾- 14 9 - 13 Preferred ................ 17 - 29½ 25 - 31¾ 26¾· 35 301<{- 35½ 29½- 33¼ 29 - 33 32¼- 39¾ 37½- 40¾ 32¾- 38½ 29¾- 35¾ 30¼- 33¼ 20 - 32)4 St. Paul & Duluth...... 36 - 45¼ 40 - 45¾ 39 - 45¼ 40 - 55 45 - 52½ 49 - 51 51½- 57¼ 64½- 73% 60 - 70 60 - 65 59 - 59 50¾- 60¾ Pref..... ... . ... . . . .. . . . . . . 98¾-106 104¾-106 104½-105¾ 101 -102½ 102 -102 103 -103 103 -103¾ 100¼-101 100 -101 101 -102 103 -103 102¼-102¾ St.Paul llllnn.&Man .. 198 -199¼., .. - ........ - ........ - ........ - ....... ... - ....••• - .... . .•. - •... . .•• - ••..••.. - ....•. _ ... . Southern vot. tr. ctfs ... 10¾- 14 12½- 13¾ 12 - 13¼ 12 - 13¾ 10 - 12¾ 10¾ - 11¾ 11¼- 12¼ 11¼- 13¼ 11¾- 13¼ 11¼- 14¼ 12%- 14 10¼- 13¼ Pref. " " 40%- 51¾ 48:ki- 51¾ 47¼- 52¾ 49¾- 55 47%- 54 48¾- 52 50¾- 53¼ 51¾- 55¾ 49¼- 55¾ !19¾- 58¼ 55¼- 58% 49¾- 58¼ Southern Pacific Co..... 33 - · 44 36 - 43¾ 32¼- 37 33 - 35¾ 27 - 34¼ 29➔.(- 32% 31¼- 35¾ 34 - H¾ 34¾- 38¼ 35¾- 39¾ 38¾- 44¼ 30¼- 43)4 Texas & Pacific....... . .. 17¾- 1\/¾ 19¾- 25¼ 21¾- 25¾ 21½- 24JJ4, 18¾- 23 17¼- 20½ 19¼- 23½ 20¾- 23 18 - 21¾ 17¾- 20¼ 18 - 20½ 12)4- 19¾ Toledo & Ohio Central 20 - 25 21 - 21 20 - 20 29 - 29 . . . . - . . . . . . . . - . . . . . . . . - . . . . .. . . - . . . . . . . . - . . . . 20 - 20 23½- 2,1, 30 - 80 Pref . ...................... . 35 - 35 36 - 36 42 - 42 '12 - 42 .... - ..•..... - . .. . .... - ..... . .. - . . . ..... - ... . 40 - 40 40¼- 43 45 - 45 Toi. :St. L. & K. C., pt .. .... - . . ..... - ........ - ... . .... - .... . .. . - ........ - ... . .... - ....... . - ........ - . . ...... - .. .. 5 - 5 . ... - ... • Union Pacific Bailwav... 41¾- 50 45¼- 50¾ 43¾ - 49½ 44½- 49 40½- 46¼ 38¼- 48!,4 42 - 45½ 43¼- 48 42½- 48¼ 41¼- 48¼ 46¾ - 51¼ 39¾- 51¾ Pref ................... .... 72%- 84½ 78½- 82¾ 77 - 83½ 76¾- 81% 73¾- 79!4 72 - 78 75½- 79¼ 76¾- 80¾ 75¼ - 81 75¼ - 78½ 75%- 78½ 66¼- 77% U.Pac. Den. & G., t.rec. •12¼ 14½ •12 - 13¼ •11%- 13¾ •12¼- 13 · .••• - . .. . . . . - . .. .. . .. - ... . .... - .. . . .... - . . . ... - ... . ... - ...•• •• - •. •• Wu.bash.................... . 77k 8¼ 7¼- 8¾ 8 - 8¾ 8 - 8¼ 7½- 8 7¼- 77A 7¾ - 8¾ 7¾- 8 7¾- 7¾ 7¼- 8 7¾- 8½ 6¼- 8 ~ Pret..... ....... ............ 22 - 24% 21¼- 23¼ 21¾- 24 227-!- 25¼ 19 - 23!4 19¼- 21¼ 21½1- 23¾ 22¾- 24¼ 21¼- 23¼ 20¾- 22¾ 21¼ - 24 19 - 237<( Wheellna- & L. Erle .... §5%- 13 §10½- 12¾ §11 - 12 §11¼ - U ¼ §12½- 13¾ .••. - ........ - ........ - . .. . ...• - ... . .... - . . . . .... - .. .... . . - .. .• Pref........................ §27 - 37 §32¼- 35¾ §31¾- 33¼ §29¼ - 36¼ §33¾- 34¼ .... - ... . . . . . - ... . ... . - .....•.. - ..... . .. - .. ...... - •. . . . . . - •... Wheel. &. L. Erie, new .... - ... . .... - ....... - ........ - . . . . 8¾- 11½ 8¾ - 9¾ 8¼- 9¼ 9¼- 13 10%- 13 11 - 12½ 10¾- 12½ 7%- 11¾ l•t pref. . . .. . . . . . . . . . . . . . . 58¾- 64 60 - 63 60)4- 61¼ 60 - 63 59 - 00¼ 50 - 55 54 - 54 50 - 55 58 - 58 55 - 60 55 - 59¾ 45 - 57¼ 2d pref..................... .... - ........ - ........ - ....... - ... . 24 - 32¾ 21¾- 24¾ 2H{- 24% 23%- 31½ 26¾- 32¼ 29¾- 32¾ 29 - 31% 21¼- 30¼ Wisconsin Centro.I Co.. 2¼- 2¾ 2¼- 3 1¾- 2¾ bl¼- 2½ l>¼- 2 b¾- is¼ . . .. - . . . . . . . . - . .. . . . . - . . . - . . . . . . . . - .. . . . . . . - . . . . Pref"............ . . .. . . . . . . . . . . . . - . . . . . . . . - . . . . 6 - 5 b8 - 6 bl¼- l¾ bl½- 3¾ . . . . - . . . . . . . . - . . . . . . . - . . . . . . . - . . . . • . • • - . . . . . • . . - •..• Wiscon. Centro.I, new . .... - ....... - ........ - ........ - .... 13½- 14½ 14 - 16¾ 14¾- 16¾ 15¼ - 18¾ 16½- 18½ 15½ - lll¼ 19 - 21 15¾- 20 Pref........................ .... - ........ - ........ - ........ - .... 48¾- 49½ 48¾- 5b½ 51,4- 53% 53 - 59 54¼- 58¼ 51¾- 56½ 55 - 58¼ 44 - 56¼, 1 EXPRE~S. • A.dams ...................... . 108 -110 109 -119 113 -116¾ 113 -115½ 112 -115 110 -114 112 -115 113 -115 115 -118 114¾-117½111 -116½110 -lU American ................... 138 -145 141 -144 140 -143 140 -142½ 189 -H3 133 -140 137½-140¼ 138 -160 147 -155 147¾-152 146 -151½ 138 -119 United States.............. 53¾- 60 54¾- 58¼ 52¼- 56 53 - 55½ !18 - 53 i6 - 50 48 - 50 50 - 54½ 50 - 52½ 49 - 55 47¾- 51 45 - 50 Wells, Far,io & Co. .. . . 125 -129¾ 125¾-127½ 125 -129 126 -129 128 -130 125 -130 125 -130 128 -135 131 -185½ 133 -135 128 -132½ 120 -131 COAL & MINING. . f American Coal ............ 133 -138 130 -140 .... - . .. . . . - ... . ... - . . ... , - . .. 150 -150 144 -145 .... - .•.•• .• - ........ - .... 145 -145 Anaconda Copper........ .... - ........ - . .. J2¾- 48 43 - 70 53 - 68 49 - 56¼ 53¾- 57½ 55 - 58½ 50¾- 57½ 41 - 50¾ 43¼- 48 31¾- 45¼: Colorado C. & I. Devel. 1¼- 1¾ I¾- 2¾ . . • . - . . • . 1¾- 5% 1¾- 3¾ I¾- 2½ 1%- 2¼ 1%- 3¾ 1¾- 3¼ 1¾- 2¼ 1½- 2 l½- 1¾ Pref........................ 3 - 3½ 3 - 3 2!,,!- 2¼ 2 - 8 . ... - ... . •••• - ••...... - .... 6 - 6 .... - .... 2¼- 3 2¼- 2!14 2½- 2½Colorado Fuel & Iron.. 31¾- 37¾ 30¼- 35 32 - 37¾ 31 - 55 39½- 53¼ 41¼- 46% 44 - 47¾ 46¼- 64¼ 51 - 64 52¼ • 57 51¾- 57¼ 34!):!- 56 Pret..... ................. 88 -100 92 - 96¾ 9Hli-100 99 -112¼ 109 -115 105 -109' 105 -106 104¾-114¼ 114¼·126½ 122¼-122¼ 122 -128 122%-180 Col. & H. Coal & Iron.. 7¾- 9 6½- 7¼ 7 - 13¾ 12 - 18 14 - 17¾ 11 - 14¾ 13 - 15½ 15 - 19¼ 17 - 21¼ 17¾- 19¼ 18¾- 20½ 12¾- 18 Pref........................ . . . . - ........, - . . . . 25 - 25 27 - 27 . . . . - • • . . 30 - 30 • . . . - . . . . . . . • . . . . • - . . . . . . . . - .. • • .. . . - • • . . . . • . - ... • Consolldation Coal..... 50 - 60 . . . . - . . . . 62 - 56 . . . . - . . . . 52¼- 52½ . . . . - . . . . . . • • - .. . . . . . . - • • . . . .. . - . • • . . . . . - . . . . . . . • - • • . . 60 - 50 Homestake ll'Ilnln,i.. 60 - 60 60½- 60½ 60½- 63¾ ..•. - • . • . 65 - 65 70 - 74)4 72 - 75 74 - 74½ 75 - 75 73 - 'i4 74 - 75 70½- 72 Maryland Coal, pref.... 55 - 55 55 - b6 65 - 58 58 - 60 . . . . - . . .. . . . . - . . . • . . • - . . . . . . . . - . . . . 70 - 70 . . .. - . . . . . • . . - • • . . 70 - 70 NewCentro.lCoal,new. 40 - 42 .... - .... 40 - 40 37!,,!- 38¾ 37¼- 37¾ .... - ......•. - ... . 38¾- 38'4 .... - •... 36 - 36 .... - ... . .... - ...• Ontar!o Silver ltlinln,i .. .... - .... 7 - 8½ 6 - 7~ 7 - 10¼ 8 - 9¾ 8 - 8 7¼- 7½ 7½- 8¼ 8¾- 8¼ 8½- 8¾ 8¼- 8¼ 8¾- 8~ Pennsvlvania Coo.I....... . . . . - .... 362 -362 .. . . - . .. . . • . . - . • • . . . . . - . . . 375 -375 . . . . - • . . . . . . . - .. .. .. . . - . . . . . . . - .. . . • • • • - . . . . . • • . - ..•• Quicksilver Mlnln,i...... 2½- 3 3 - 3 2½- 3¾ 2¾- 4 3 - 3 2¾- 2½ .... - .... 2 - 2¼ 2 - 2¼ 2 - 2 ••.• - •••. 2 - 2 Pref........ .. . . . . . . . . . .. . . . 9~- 11 9½- 9½ 9 - 10 9¾- 14 .... - . . . 8 - 10 10 - 11¾ .... - ....... - . . . . 8½- 8½ 8½- 8½ 8 - 9¼ Tenne88ee Coal & Iron 36 - 48¼ 38¾- 46½ 43¾- 54¾ 51 - 68 54 - 63¾ 56 - 65¾ 64¾- 72 71%-109 96 -126 109 -119¾ 110 . -119¼ 64 -116¾ Pref...... . . .............. 111 -135 130 -130 130 -145 140 -140 14.5 -145 140 -140 .... - .... 145 -150 150 -150 !45 -150 150 -150 15Q.. -150 VARIOUS. • -~ Amer. Car & Foundry . ... - .... .... . ....... - ........ - ... . 20 - 21% 15 - 20 ·1 5¼- 18 161/ir 18% 16 - 19¾ 15 - 18 16¾- 17¾ 10¾- 17¼ Pref........................ . . . . - .. . . . . .. - . .. . . . . - . . . . . . . . - .. . . 63 -65 56¾- 60i 59¾- 66 6;; - 69¼ 62 - 6 ¾ 60 - 65~ 61 - 63¾ 51 - 62!-9 Amer. Cotton Oil Co .... 34¼- 38 34½- 37½ 83¾- 37¼ 85 - 39¾ 34¼- 38% 34 - 37~ 36¾- 42¾ 41¼- 45 41 - 44½ 42 - 45¾ 37 - 46 30 - 3'n(. P1·et . ....... .. . . ............ 88¾- 91 90½- 93 91 - 93¾ 90¾- 94¾ 90 - 95 92¼- 92½ 92 - 93% 93½- 94¾ g3 - 95 92 - 97% 92 - 97 92 - 96 Ame1·. Dist. Telegraph. 83 - 46 41¾- 52 45 - 52½ 44 - 47 40 - 44 36 - 86 86 - 36 35 - 37½ 35 - 35½ 30 - 35 35 - 35 32 - 32 Ame • ican Ice Co .......... .... - ........ - ........ - ....... - ... . .... - .... . ... - ........ - ........ - ... 38¼- 41¼ 3! - 39¾ 34¾- 37 31 - 86~ PTef. ........... ................ - ... . ... - ........ - ... . .... - ........ - ........ - ... . .... - ..... . .. - ... . 82 - 85 76½- 84 76½ - 80 72¾ - 77 American Linseed ...... .... - ........ - ... . .... - ........ - ... . .... - . . . . 8¾- 10 10½- 13½ 11½ - 13 9¼- 11 9¼- 12% 11 - ltl¾ 11¼ - 16 Pref........... ................ - ........ - .. .. .. - ... . .... - ........ - .... 44¼- 45¾ 47 - 51¾ 51¾ - 57¼ 50 - 52 48¾- M 51¾- 60 49½- 61 American Maltina-...... . 29¾- 37½ 30 - 33¼ 28 - 33½ 26 - 30¼ 17¾- 27¼ 18½- 22¼ 15 - 19¼ 15¼- 18 14¾- 16 10 - 16 10 - 13 6½- 10 Pref.... .................. 82 - 87¼ 82 - 85½ 82½;- 84¼ 73 - 81 72 72 - 79½ 72¾- 76 61 - 72 66½· 70 66 - 68 45 - 6tl½ 41 - 4:l½ 24 - 46 Amer. emelt'g & Refin .. ... - ... . .... - ........ - .... 50¼- 59 35¼- 50¼ 35¼- 42 35 - 40 38¾- 45¾ 35¾- 43¾ 84%- 39¼ 35¼- 40¾ 30 - -lO!)g Pref .... . ................... .... - . . . . . . .. - ........ - . .. . 89 - 94¼ 80 - 89 80¼- 85¾ 81¾- 87 85 - 1,2¾ 86¼- 92 85 - 88¾ 85¾- 92 77½ - 91¼, Amer. Spirits Mf&'. ... . . . 13 - 15 12¾- 14¼ 12¾- 15½ 13¾- 15¾ 9¾- 13¾ 6 - 11¼ 5¾- 7 5¾- 6¼ 5½- 6 4 - 6 4½- 6½ 3 - 4 Pref....... . . .. . . . . . . . . . . . . 35¼- 40 34¾- 38 36 - 41¼ 37 - 41 30 - 37 29½- 37 27½- 27½ 27½ - 27½ 27 - 27 24, - U . • • • - • . . • • . . - .•• • Amer. Steel Hoop........ . . . . - . . . . . . . . - . . . . .. . . - . .. . 39 - 40¼ 24 - 41¼ 26 - 31¾ 27¼- 35 34 - 39,-1 38¼- 45½ 40¾- 44¼ 42 - 48¾ 36¾- 48 Pref........................ . . . . - . . . . . . . . - . . . . . . . . - . . . . 80 - 82¾ 70 - 83½ 73 - 77 75 - 80 78½- 84% 83 - 86¾ 80 - 85½ 82 - 85¾ 75 - 85 Am. Steel & Wire, new t38 - 54¼ 45 - 64¾ 59 - 66¾ 58½- 71½ 53½- 72 52 - 64¼ 53¾- 59½ 54¾- 62½ 45¾- 58½ 45½- 54¾ 46 - 50 32 - 49¼ Pref........................ tlOi -128 92½-102¼ 100 -106"4 95 -102½ 93 -100 94¾- 97 94 - 97¼ 97 -101 94¾- 99¼ 93 - 97¾ 93 - 95½ 84 - 95¾ _\.mer.,Suqar Rei. Co ... 123¼-137% 127¾-142¾ 136%-182 149)4-176¾ 139¾-168% 138½-161 154%-161¾ 151½-164¾ 140¾-159¼ 137¼-155¾ 150½ -161½ 114¼ -156¼ PretL ...................... 110 -114 112 -115 114 -128 116 -119 116 -118 117¾ -119¼ 117½ -118¾ 118¾-120¾117 -121)4116 -118 117½-119 no -119 Amer. Tel. & Cable Co. 98 -103 100 -103 99½-101¾ 101 -105 100 -103 100 -104 102½-104¼ 100 -103½ 98 -101 97½-100 97¾-100 94 - 98¼ Amer. Tin Plate ......... .... - .... 37¼- 44½ 38 - 45¼ 41¾- 52¾ 33 - 48¾ 33½- 40 84 - 42 40¼- 44 37¾- 44¼ 31½- 39 31¼ · 35 20 - 34~ Pref........................ . . . - . . . . 93 - 99½ 93 - 97 88 - 96 81¾- 01 81 - 86 84 - S8 87 - 91¼ 85 - 90¼ 82 - 86¼ 82 - 8! 74 - 83J,"° Ame1•ico.n Tobacco Co .. 143 -149¾ 132½-191½ 185½-227½ 2U -229½ 1193 -220 88 - 99¾ 92 -107¾ 107½-132¾115¾-131¼115¼-124%116¾-123½ 78¼·118 Am. Tobacco Co., pref.. 132 -140 133 -144½ U2¾-150 140 -145 140 -145½ 139¾-141 148¾-148 143 -148 145 -146½ 143 -149 144½-145 121 -143 Dividend scrip .......... 95 -100¼ 97 -100¼ 100 -106 101 -103 100 -102 101 -101¾ 101 -103 10,1, -lOi 1047,(-104¾ 98½- 93½102 -102 98½-101 Bay State Gas.......... . 6 - 8¼ 5 - 7¾ 2¼- 5½ . . .• - . . . . . . . . - .. . . . . . - . . • . . . . . - . . . . .. . - . . . . . . . - . .• . . . . - . . . . .. . . - • • • . . . - ... . Brooklyn Rap. Trans .. 77¾- 913¾ 88¾- 97% 89½-186¾ 106½-137 100 -133½ 10!%-118% 110%-119¼ 100¼-118 75¾-107½ 79¾- 90¼ 85 - 91¾ 61 - 88¼ Rights..................... . . . . - . . . . . . . . - . . . . . . . . - . . . . 2 - 3¼ . . . . - . . . . . . . - . . . . . . . . - . ••• . . . . - . . . . . .. - . . . • . . . - . . . . . . . - . . . . • • • - ..• • Brooklyn Union Gas ... 189 -149½ 144¾-157 151½ -160 144 -155 138 -148½ 135 -141 138 -144 136¼-144% 136 -144 138 -14.3 138½-145 130 -141 B' kl n W. & Wh. pf. "B" , . . . - . . . . 21 - 21 . . . . - .. . . . . . - . . . . . . . . - . . . . . . . . - . . . . . .. . - • • • • . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . .. .. . - . · • Bruns. Oock & C.[mpt. 13¾- 17¼ 15¼- 17 10¼- 15 9¾- 10½ 9½- 16¼ 13 - 15¾ _14¾- 16% 15½- 20¾ 14 - 19½ 14 - 19¾ 16 - 19½ 10 - 17 Capital Traction... . 87 - 87 85 - 85 85 - 85 85 - 85 92 - 92 - . . .. . .. - ... . .... - ... . .... - .... 92½- 92¾ 94 - 9! 93 - 93¾ Chic. Consol. Traction .. .. . - ........ - ... . .... - . . . 64 - 68% 58¼- 68¾ 57¼- 61¾ 56¾ - 59 51 - 57¾ 44 53½ 48¼- 49¾ 47¼ - 49¼ 35 - 47¼ Commercial Cable ...... L89 -189 . .. - . . . . . . . . . . . . - . . . . . . . - • • • . . . . - . . . . . .. . - .. . . . . . . - -. . .. . - .... . .. • - • • .. 193 -195 · · • • - · • · • Consolidated Ice......... 44½- 50½ 46 - 50¾ 46¾- 48½ 45¼ - 47% 40¾- 47 40¼- 43 42 - 43½ 20 - 42¾ 37 - 38¼ . ... - ... . .... - .... . ... - ... • Pref ........ . ... ............ 91½- 93 94¼- 95 96 - 97 90 - 96½ 90 - 90 68 - 90 87 - 90 .... <•_ ••• 86¼- 86¼ . •.. - .... .. . . - ... .. ... - ... . ~:::~~d.~t e:::.::&"ii: !: =~~~½ 0 • All assessments paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~~~ =2~~~,~~5½=1~~~ ~~~ =l~~~e½~l~~~ ~~~-½=1~~~~~~1 1~6¼=2~~ .. 2~~-¼=223~ *2d instalment paid. .~ b Trust receipts. t Old stock. I , th instalment paid. =1~~~~~~½=192¼ ~~~- =2~~ .. ~~~~ =l~~~ I Ex 100 p. c. st ock dividend. STOCK~. R ILRO \D 112 1S99-Concloded. STOCKS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. 1- - - - l- - - - 1 - - - - 1- - - - 1- - - - - 1-- - - - 1 - - - - AUGUST. 51!:PT'BER. OCTOBER NOV'BER. DEC'BEB . _ _ _ _ _ _ _ _ _ _ Low.High Low.High Low.High Low.High Low.High Low .High Low.High Low_._H_lg_b Low.HighLow.HlgbLow.Hillh Low.High Continental Tobacco ... .... - ........ - ... 43 - 64½ oO¼- 65¼ 43¼- 60¾ 36 - 48 38¾- 44¾ 43¾- 50¾ 40½- 48 40¼- ~ 40¾- 44¾ 20 - 42½ Pref . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . 85 - 98¾ 85 - 92¾ 62 - 89 78 - 83¼ 78¼- 87¾ 87¾-103¼ 90½- 99¾ 90¾- 94¼ 90½- 94½ 71 - 93 Detroit Gas............. . .. 63 - 68 67 - 71¾ .... - .... 68 - 82 82 - 85 .... - •.•..... - •... 85 -101 99¾- \19½ 97 - 98½ 97 - 97 95¾- 973' Edlsun Elec. Ilium. Co. 190 -199 194 -197¾ 193!,f,-196 .... - ........ - ••....•• - ....••.. - .... . .. - .•.... . . - •....... - ....... - ••...... - •.•• Erie Telea-h. & Telepb 92¾- 92¾ ... - •. . . . . ••.. - ....•... - •....... - . . .. 97 - 99 98\t-102 110 -113 113 -120¾ 108¾-110¾ 101¼-106¾ Federal Steel .... ........ 51¾- 55¾ 46¾- 53,! 49¾- 67½ 57¾- 75 50 - 70½ 53¾- 66:kl 57 - 61 57¼- 62 51 - 62¾ 51¼- 59~ 55 - 62¾ 39~- 63!,( Pref....... 82¾- 89¾ 84 - 90 86 - 90¾ 78!,(- 93½ 72¼- 87¾ 78¾- 85¼ 79¾- 82¼ 81 - 83 75¼- 83¼ 76 - 80➔.{ 78 - 82¾ 67 - 82 General Electric, new. 95¼-112¼ 107 -115¾ 112¾-120½ 112¾-122 115 -120 116½-119¾'. 117 -125 123 -125¼ 119 -125 116¼-123½ 120¾-132 110 -12\1½ Glucose Sugar Reftn'g. t18¼- i4½ 68½- 73¾ 65¼- 76¾ 62¾- 75 65¾- 72¾ 65½- 69¾'. 66¼- 69½ 64 - 69½ 58 - 65 48 - 62 47¾- 53¾ 37 - 64 Pref. .................. .... 108¾-110 107 -110 107¼-110 108~-110 106¾-109 106!J.(-107¾ 107 -107½ 107 -110 106 -108 97 -109¾ 99 -102~ 95 -102 Hawaii Com. & 8. Ret 57½- 61 73¾- 74 75 - 791,4 80 - 80 120½-120¾ . . . - •...... •••• - ••••.... - . .• . - . . . . . .. - • . . . . . . - •.• • H.B. Claflin Co .......... 97 -108¼ 106¾-109¼ 102¼-107¾ 102¾-107½ 106 -108¼ 107¾-112 111½-ll'i¾ 114 -115!1i(ll3 -115 112 -115 112½ 115 111 -114 1st pref.................... 99½- 99½ .•.. - ....•••• - ... ..... - ......• - •.•. 101 -101 .••• - •••..••. - •••...•. - ••.....• - ........ - ..•..•. - ... . 2d pref........... . ........ . . . . - .... 100 -100 . . . • - . . . . . . . . - . . . . . . . . - . . . . . • . • - . . . . . • • • - . • • • . . . . - • . . ••• - . . . . . • • . - . . . . . . . . - . • . .. . . . - ... . International Paper .... 61 - 69½ 68¼- 65½ 51 - 59 49 - 65 35 - 66¼ 40 - 45 40½- 44¼ 31 - 43 26½- 33 24¼- 29½ 25 - 27¾ 17 - 24!1i( Pref .... .. ......... ..... 93 - 95 88 - 93½ 80¼- 88¾ 80 - 86¼ 78 - 85 76 - 80 75¼- 79¼ 76¼- SO 72½- 78 67 - 73¾ 69¼- 71➔.{ 62¼- 70 International Silver ... .... - ... . 30¼- 36 27½- 32½ 20 - 28 10 - 21 11 - 17¾ 12¼- 15 14¼- 17½ 12¼- 15¾ 11¼- 15~ 13 - 15¾ 9 - 12 Knick. Ice (Chicaa-o)... 63 - 57½ 57 - 63½ 56½- 61¾ 45 - 56¾ 63 - 66 60 - 53 49½- 51½ 47 - 60 40 - 47 39 - 40 .... - .... 30 - 35 Pref.. ......... 74¾- 63 80 - 84 78½- 81 80 - 80¾ 76 - 79 72 - 78 74 - 7:l 75 - 75 74 - 74 77¼- 77¾ 70 - 70 67½- 67¼ .Laclede Gas, St. Louis. 52 - 57½ 62¾- 66% 61 - 55¾ 63 - 65 62½- 65 52 - 53¼ 6Z¾- 68 56 - 66¾ 03¼- 66!'4 65 - 81 74¼- Si¾ 74 - 86 Pref........... ... ........... 96 - 99 97 -100 97 - 99 99½- 99½ 101 -102½ 9P½- 99½ 95½- 95½ 98 -100 99;J(- 99¾ 98¼-101 102½-102½ 96½-100 .Manhattan Beach Co.. 5 - 5 8 - 9 8 - 20¾ 16 - 39 20 - 29)4 16 - 20 . . . - . . . . . . • . - • • . • 11¼- 12 9 - 9 . . . . - . . . 10 - 10 Metropolitan Street .. . . 187¾-220¼ 215¾-249¾ 235 -269 234 -267 207¾-2U½ 202 -232 t209 -227~ 201 -213¾187¼-211¾190 -200 190¼-200 14.7 -193¾ Ria-hts......... .. . . . ... - ....... . - ........ - .. .. . .. - . .. - ........ - . . . 13¾- l!l¼ 13¼- 14 ...• - ....•.• - ....•••• - •••..... - •..• Met. W. S. El. {Chic.)... - ........ - ........ - .... 14 - 15¾ 14 - 16 14 - 16½ 15 - 15½ 13¾- 18 18½- 23½ 24 - 26 23 - 29½ 23 - 29¾ Pref... ... .......... . . . . - . . . . . . . . - . . . . . . . . - . . . . 45 - 46¼ 44¾- 64 54½- 58 55 - 56¼ 57 - 62 64 - 67 70 - 74 7!l - 83 74 - 82 Mich.-Peninsular Car. 25 - 31 .... - ....... . - •.. ..•.. - .......• - ....... - ........ - ........ - ....... - •.•...•. - ....... - ....•••• - •··· Pret .. ... . . . ......... .. . . . . 91 - 91 .. . . - ........ - ........ - ........ - ........ - . .. . - ...•... - • ......• - •.....• - •••..... - ........ - • •·· National Biscuit........ . 50 - 62 49 - 65 47 - 51½ 46 - 62¾ 41¾- 48¼ 42 - 43'7Ai 42¾- 48¾ 46½- 49 44 - 4i¾ 39¼- 45~ 40¾- 42¾ 31 - 41 Pref........ .. ..... . .... 10! -107½ 104 -107 103 -101½ 101 -104¾ 98¼-103½ 98 - 98¼ 97¼-100½ 9~-102½ 97¾- 99% 95¾- 98 94½- 95 89 - 92¾ Nat. Linseed Oil Co. .... 8!,i- 9¼ .... - .. .. 5 - 5 4 - 4 3¾- 3¾ 3¾- 4½ .... - .... . . . .... - ........ - ....... - ........ - •··· Trust certificates...... 7¼- 8½ 6¼- 6)4 4½- 7 ! - 5 4 - 5 3¼- 4 2 - 3 2½- 3 2¾- 2¾ 2¼- 3¼ 3¼- 3¾ 8¾- 3!J.( .National Lead Co ........ 87¾- 40½ 35½- 38½ 32¼- 36)4 33½- 37¾ 28 - 34½ 28 30½ 29½- 31¼ SO¼- 33!!4 28½- 31½ 28 - 31¾ 29¼- 31~ 22½- 30 Pref........................ lll¾-115 112¾-115 112¼-113 112;J(-113¾ 111 -113½ 110¼-112¾ 112 -113½ 112 -113 110 -111½108 -110½107¾-108½103½-106 'Nat. Starch Mfll• Co..... 6 - 5 6 - 8¾ 4½- 5 5 - 5 6 - 8% ..•• - ••...... - • . • . 5 - 5 5 - 8½ 8 - 9 8 - 9 .... - .... 1st pref....... ................ - ........ - .. . . 50 - 50 43 - 47 .... - ........ - ......•. - .•...... - . . .. 57½- 57½ 65 - 70 .•.. - ........ - •.•. 2d pref .... ............ .. .. . ... - .... 20 - 23 13 - 13 15 - 15 .... - ..•. . •.. - ........ - ... . . . . - .... 15 - 18 20 - 25 20 - 25 .... - •... National Steel. ........... .... - ........ - .... 50 - 54¾ 44 - 63 45 - 62 43¾- 53¼ 49 - 54½ 53½- 57¾ 49½- 66¼ i1¼- 62JJ.1 46¼- 50¾ 31¾- 49 Pref....... .... . . . . - . . . . . . . . - . . . . 93 - 95 89 - 95 85 - 92¼ 88 - 93 89¾- 114 94 - 99¾ 95 - 98% 93¾- 96 93¼- 96¾ 86½- 95 ew York Air Brake .. 112 -162 135 -153 150 -200 167 -204 125 -196½ 160 -188 l&i¾-230 tl72 -200 154 -176¼ 138 -165 144\14-151 110 -151¼ North American Co...... 6¼- 9 7¾- 10½ 8¾- 9% 9 - 12½ 10½- 12¾ 10¾- 12¼ 10¾- 12¼ 12 - 13¾ 11½- 13¾ 12½- 13){ 12¾- 17¾ 12¼- 16¼ Paclflc J.llo.11 S.S .......... 437-{- 55 50 - 64¼ 45½- 51 48 - 53¾ 46¼- 61¼ 46½- 49¾ 47 - 49 46 - 48~ 38¾- 47¼ 37¼- 40¼ 38¼- 48 35 - 49¼ Park Steel, pref.......... . . . . - . . . . . . . . - . . . . . . . . - . . . . .. . - . . .. . . . . - . . . 110 -110 . . . . - . • . . . . . . - • . .. . . . . - . . . . . . . . - . . • . . . .. - . . . . . . . . - .... .Peoples' G.-L.& C., Ch. 109~118¾ 110¾-116¾ 111 -126½ lll½-129½ 101 -127¾ 114¼-122¼ 116½-122 117¾-122¾ 106 -120¾ 107¼ 115¾ 110).g-116% 90½-113¼ Philadelphia Co.......... .. .. - . . . . 90 - 96 95½-102 98 - 98¾ .. .. - ..... ... - • . . . 85 - 99 85 - 85 . . . - . . . . . .. - •••..... - •....... - ... . P. Lorlllard , pref ........ 121 -121 .... - •....... - .... .•• - .... 117 -117 .••• - ........ - ... •·· • - ... • • •· - •··· ··· - • •·· • •·· - •··· ··· · - ··•• Pressed Steel Car .. .... . .... - ........ - ........ - .... 53 - 69½ 45 - 56 44¾- 65 50 - 68½ 66¾- 61 53½- 60 55 - 59¾ 55 - 59¾ 49 - 59 Pref........................ .... - . ... .... - . ... 83 - 90 78 - 85 78 - 85¼ 82¼- 89¾ 88 - 90 86 - 91 87½- 90 88¾- 89¾ 75 - 90 Pullman Po.lace Car .... l56 -164% 158¾-162 156),6-162 158½-161½ 156 -161 156 -160 159%-161 157~-159¾ 160 -177 173 -207¾ 192½-198 179¼-195¾ Repu b. Iron & Steel.... . . . . - . . . . - . . . . . .. . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . - .. . . 22!<{- 29% 26¼- 83¼ 23¾- 28¼ 231,(- 26¾ 16½- 26 Pref........................ .... - ........ - . ...... . - ....... - ........ - . ....... - ... .... - ... 7!lx- 79 70½- 79 69¼- 73 68½- 71¾ 60¼- 71 llve1• Bullion Certs.... . .. - ........ - ........ - . . .. 60 - 65 61½- 61¾ 60¼- 60½ .••• - •.....•. - •••. 59 - 59½ 59½- 59½ 60 - 60¾ 68¾- 59 Sixth Avenue..... . ... - ....... - .... 200 -200 .... - ........ - ........ - •... • • •. - •••.••• • - • •. • ..•• - .. •· • • •· - • •·· • •· • - • • • • • • · • - • • · · Stand. Dist. & Distrlb. 21 - 25½ 21½- 25 22 - 24¼ 20¾- 24¼ 13:l:!- 20½ 12½- 18¼ 15 - 15½ ... . - •....•• . - ... .... - •••..••• - •••. .... - •• .• Pref........................ 73½- 82½ 74¼- 79 72½- 78 69¼- 74¼ 61 - 70 57½- 65¾ 61 - 61 .••• - •••..••• - . . . . . - •......• - .....•.. - • •· . Stand. Rope & Twine.. 8½- 12 9¾- 12 9½- 12 10 - 11½ 7¾- 10 7 - 8¼ 7 - 8 7½- 9 6¼- 8% 6½- 10¼ 9¼- 15)( 7¾- 12¼ Texas Pac. Land Trust 12 - 15½ 13%- 15¼ 13 - H¼ 13 - 15¾ 13 - 13½ . . . . - . . . . 12 - 12 12½- 13➔.{ 11¾- 12½ 11½- 13 11 - 12½ 12½- H¼ Third A 7enue (Cable) .. 167 -171 169½-242 195 -229 215 -240 200 -220 185 -200 187 -194 180 -185 160 -HlO l!lO -162½ 1!7 -156 117¾-152½ Twin City Rap. Tran... 38 - 65¼ 62 - 71¾ 68 ,- 70¼ 67½- 73 65¼- 72¼ 64¾- 69¾ 67 - 69½ 66 - 66 61¾- 65¾ 60½- 62½ 62½- 70 67½- 69¾ Pref. . ......... ............ 118 -135¼ 135¾-141 139½-141 137 -138½ 137 -137 137 -139 138 -139 136½-137 137 -138 137 -137 134 -138½ 137 -137 'Union Bair & Paper .... .... - ....... - .... 35 - 45 30 - 40½ 24½- 34 24 - 31¾ 25½- 27 26 - 34¾ 21}½- 33½ 25½- 30 25½- 28 17¼- 25% Pref........................ . .. - .. . ... - .... 83¼- 89 82½- 88½ 76 - 85½ 77 - 82% 77 - 78 7&¼- 85 79¼- 851,i 78½- 80½ 78 - ';9¼ 71 - 79½ U . S. Flour Milling...... . . . - . . . . . . . . - . . . . . .. . - . . . . . . . - . . . . . .. . - . . . . . . - . . . . . . . . - . . . . . . . - . . . 24 - 58¼ 20 - 20 12 - 12 . . . . - . ... Pref............ . . . . . . . . . . . . . . . . _ . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . . . . . - . . . . 60 - 78¾ . . • . - . . . . 22 - 25 12 - 15 u. S. Leather............. 6¾- 8 6¾- 7¾ 6¼- 7¾ 6½- 7¾ 6 - 6% 5¾- 6 5¾- 7 6),(- 11!,4 9%· 15½ 12½- 277/4 10¾- 40% 10¾- 16¼ Pref............. ........... 71 - 75 70¼- 74¾ 69 - 74½ 70 - 78 68¼- 72½ 68 - 72¼ 70 - 73% 72¼- 77 72½- 80¼ 76½- Si¼ 77½- 84½ 64½- 80 • S. Rubber Co........ . 42¾· 53¾ 48 - 54½ 48 - 54¾ 48 - 67 43¾ · 54¾ 46½ · 64% 48¾- 54¾ 49 - 52 46¾- 60 44¾- 49¾ 46 - 49½ 37¼- 47¾ Pret . ...................... 111 -120 115¼-118 115¼-117¾ 115¾-119 113 -117 114½·117¾ 115¾-121 115¾-116¾ 114%-117 112½-116½ 110 -113~ 99¾-110¾ i~:~rg~::~:) i iL :;j ~ j;~ :;w: ;:: L~ ;/ :;~ :;LL~)::}::· ::}:~'.?~:~:;~::: '.:}:~::t': 1 +Ex-rights. 1900. STOVKS, JANUARY. FEBR'RY. MARCH. APRIL. I MAY. JUNE. JULY. AUGUST. ~l!:PT'BER. OCTOBER NOV'B .. R. DEC'BEK. _ _ _ _ _ _ _ _ _ _ Low.High Low High Low.High Low.High , Low.High Low.High Low.High Low.High Low.High Low.High Low.Hhzb Low.Hiizh RAILROADS. lbany & Susqueh ...... . .. - ....... . - . . . . . .. - .... .... - ... . .... - .. .. - ... . 20! -204 .•.• - ••...•. - - •.....•. - ••.•••• - .... 205 -205 Ann A1•bor ... ................... - ........ - .... 16½- 18 17 - 17¼ ... - . ... 16½- 16½ .... - ... . .• - . . 16 - 16 16 - 16 16¾- 20 22 - 25 .Pref........................ 41 - 45 45 - 47 44¾- 47¾ 44 - 48 42 - 43½ 42 - 42 40¼- 42½ 43 - 46 44¾- 46 46 - 47 47 - 62 51 - 69 Atchison Top, & S. Fe .. 18%- 20¾ 20 - 22½ 22 - 29½ 25 - 29¾ 23¼- 27 23¾- 27¾ 24%- 27¾ 25¼- 29¼ 25¾- 28¾ 27½- 33 31¾- 41 87½- 48¾ Pref........................ 58¾- 63¼ 62 - 65¾ 61¾- 73¾ 68¾- 74¾ 67 - 73 68¾- 74¾ 68¾- 72¼ 69 - 'i2 67¾- 71¾ 69¾- 75¾ 73¾- 85 82¾- 89¾ Bait. & O. vot. tr. cff... 55¼- 60½ 58½- 6!l¼ 60!14- 82¾ 80¼- 89¼ 72½- 81¼ 68¾- 83 71 - 78 71¼- 76½ 65¾- 7:J¾ 68!,(- 'i6!J:l 74)4- 84 78¾- 8!l¾ Pref. vot. tr. ctf. .. ... . . 72¾- 77% 74½- 80¼ 75¾- 83 81¾- 90 78~- 85 77¼ · 81 79¾- 82¾ 79 - 81¾ 74¾- 79¼ 76M- 83 81 - 87½ 84¾- 86!1:t Riirbts... ... . ... . ......... .. .. - ., ...... - ........ - . .. . ¼- l¾ ¼- 1 .... - ........ - . . . . •.• - ... . .... - ....... - ........ - •••. ...• - •.• uff. Roch. & Plttsb .... 53 - 57½ 52 · 52 55 - 70½ 65 - 70 60 - 61 60 - 60 64¼- 66 -;o - 73 .... - •.•. 70 - 75 74¾- 80 79 - 85 Pref .. .. . . . . .. .. . . .. . .. . . . . 92 - 98 95;!- 98¼ 96 -111 115 -115 ... - . .. 105 1n9 112 -112)( . . . . - ... . .... - ... 109½-112 llb -120 120 -125 Burl.C.Rap.&North .. 119 -119 126½-126¾ •••. - ... ... - .... 125 -125 125¼-125!>9 .•.. - .... 125 -126 - ... . 123 -130¾ .... - .....•.. - ... o.nadlan Po.cUlc. .. 90¾- 95¾ 96 - 99~ 95¾- 98¾ 95½- PS 93 - 95¼ 85¾- 95½ 87½- 89¾ 87 - 91 8.11¼- 90¾1 85¾- 87% 86¾- 89¾ 85¼- 92!1:t <Janada Southern....... !lS½- 50¾ 47¾- 50 47¾- 55~ 53¼- 58¼ 51¾- 55¾ 49 - 53¼ 48½- 50½ 48¾- 50½ 48 - 49½' 49½- 54>!! 53 - 59¾ 673-11- 61¼ <Jentral of NnvJel'8ey. 115 -UP¾ 116½·118¾ 115 -120 116 -122¾ 116 -121 119 -125 124¾-133½ 129 -18-3 127¾-135 132½ 137 l34¼-150 144 -150¾ Chesapeake & Ohio ..... 28%:- 31½ 28¾- 30¾ 28 - 33 30 - 33% 26¾- 80½ 24 - 28¾ 24¾- 28½ 26¾- 28¾ 25½- 29¾ 27½- 31¼ 29¼- 38¾ 36¼- !l2¾ Cbicaico & Alton......... .. .. - .. . ..... - . . . . . .. - ........ - . ... . ... - ... . . , .. - . . . .. .. - ........ - ........ - ... . 31 - 36¾ 33 - 41!1:( 37¾- 42 Pref . . . . .. . .. . . . . . .. . . . . . . . . . . - . . .. . . . . - . . . . . . . . - . . . . . .. - . . . . .. .. . . . . . . .. 119¼-12!¼ 121¾ 127 122¼-132 12!½-133¼ 123¼-129¾ 120½-131¼ 88 - 91 90 - 96 9!%-109 101 -106 100 -105 97 - 99½ 120 -124 122 -122 120¼-121 121¼-124 120¾-120>-t 123½-123½ 11¾- 14 rn¼- H¼ 13 - 15¼ 13¼- 15¼ 12 - 13¾1 10 - 12fa'A 85 - 88¾ 85%- 9 86 - 87¼ 87 - 89 86 - 88¼ 81 - 85¾ 73 - 77¾ U~- 77¾ 75¼- 78½ 76¾- 78¾ 7!l¼- 77!4 71 - 76 35¾- 41½ 88¾- 41!4 37¾- 42 1 39 - 42 35 39% SO - :!5¼ Chic. Burl. & Quincy .. . Chic, & Eo.st'n Illinois Pref ....................... Cbtcairo Great 'fest.... 4 per cent debenture.. ~ p. c. pref., A.......... 4 p, c. pr~f., B... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .. . . - . . . . . . . - . . . . . . . . - . . . . 69 - 72¾ 68½- 77½ 74½- 78½ 123¼-128¼ 123¼-128¾120¼-126½123 -129:)(127¼-189 131¼-H4 95 - 95 95 . - 95 93 - 96¼ 98½- 95 97 -100 92 - 98 124 -124 125 -1 25 123½-123½ 122 -123¼122½-124½119¼-122½ 10½- 11¾ 10¾- 11¼ 9%- 11¾ 10 - 12'>(. 11¾- 14➔.i 143-11- 18 82¼- 85¼ €2!1i(- 84¾ 82¾- 83¼ 82 - 88¼ 87 - 9<>.¾ 9~- 9!¼ 69¾- 71¾ 68½- 71 70½- 71½ 70 - 74¼ 78 - 79U 76¾- 82 33 - 35 30½- 32¾ 31 - 31¼ 81 - 87¼' :!3¼- 40➔.{ 38¾~ 113 R 1900 Con1inued. JULY, STOCKS. ------------- AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BER MAY. JUNE. MARCH. ---- - - - - , - - -APRIL, - - - ---- - - - ~--- ---- - - - - - - - - - - - - --- JANUARY FEBR'RY. Low.High Low.High Low.High Low.Hlith Low.High Low.High Low.High Low. High Low. High Low.High Low.High Low .High -Chic. Ind. & Louin.... 14 - 17¾ 16 - 22% 19½- 26• 25 - 29 20¾- 26 18 - 22¾ 19 - 24.½ 22 - 24¼ 20 - 23 20%- 23¼ 22 - 25 23 - 28½ Pref......................... 451,:(- 49:b 48½- 56 53¼- 60 56½- 637Ai 51 - 57 49 - 52½ 50¾ · 55 50¼- 68 53 - 57½ 53 - 56 56 - 58¾ 57 - 6!l Chic. Mllw. &St. Paul .. 115¾-119¾ 118l}.(-125½ 120'4-125~ 118¼-126¾ 114¾-119¾ lOS½-119!,,t 109¾ 112¼ 110%-115~ ll0½ -114¾11H(-116¼115~-130 125½-148!,! Pref .... . ................... 169½-173¼ 171 -172¼ 171 -174¾ 172 -174 172~-173½ 170l}.(-174¼ 170 -171½ 171 -174½ 173 -17'1½ 170 -173,(171½-176 176 -188 -Chic. & NorthWe8t, ...... 158 -164¼ ldO -163';1i 160 -164¼ 161 -166}11157¾-167½ 150i.-167¼. 156½-161 157 -166 158¼-162½159 -16!l~ 162 -170 166¾-172¾ Pref ......................... 198 -198½ 198%-199½ 198° -200 197 -199 195¼-200 196¼-196¼ 197 -197¼ 199¾-208 201 -207 202 -202 203 -211½210 -220 Chic. R. I. & Po.clftc ..... 104¼-108¾ 106¼-111¼ 106¼-114¾ 107½-114¼ 105 -108¾ 102 -109¼ 104¾-10:J¾ 105¾ 108~ 10$%-107%105 -1093,f 108¼ 117¼ 113½-122¾ -Obie. St. Paul M. & O ... 120 -128½ 115!1:(-122½ 114½-114½ 115 -119 112 -117 114 -116½ 112 -112 112)4-115½ .... - .... 110 -115 114 -126 121 -126 Pref ............. .............. - .. . 172 -173 175 -175 ... - .... 175 -175 ... - ........ - . ... -. •••• - ....... - .... 165 -189 172 -1,5 Chic. Term'l Transfer.. 9 - 11¼ 11 - 12¼ 10 - 13 10¼- 13% 11¾- 13¼ 9 - 12¾ 9 - 11¼ 9¾- 10¾ 9 - 9~ 8¼- 10½ 8½- 11½ 10 - H¼ Pref........................ 32 - 36 34¾- 89 32 - 37½ 35 - 3{}¾ 35 - ~¼ SO¼- 35 31%- 34½ SO¼- 33 27 - 31 26¼- 29¾ 2fl¾- 88¾ 29 - 39\1( <Jlev. Cln. Chic. & St.L, 60¼- 65 58¾- 63:14 58½- 66% 60¾- 66½ 57¼- 61¼ 55 - 61¼ 56¾- 60¾ 50 - 60 57½- 61% 61 - 64% 62¼- 68¼ 65¾- 76 Pref............ . ......... 106¾ 109½ 106 -108 104 -111¾ 110 -110¼ 106 -107 103¼-105¼ 105 -105 106 -106 107 -110½110 -115 112 -114~ 113 -118 -Clev. Lor. & Wheel'a .. 14½- 19 13 - 22¼ 18 - 24 24¾- 28 27 - 28 24 - 25 25 - 27½ 23½- 26 28 - 28 23 - 23 28¼:- 30 25 - 28 Pref....................... 46 - 53 51 - 60 56¾- 60 58 - 72 66 - 70 . . . - • • • . 66 - 68 . . . . - • . . 64 - 67 . . • . - • • . . 68 - 69¾ 66 - 70¼ -Cleve. & Pitt 8b. aua1•.. . .. - ....... - .... .... - .... 186 -186 .... - .. .. . .. - •••. 185¼-197 .••• - •...... - .•.. 186¼-186½ .... - . •.. 187¼-187¼ Col. Mid., vot. tr. ctf8. 9 - 9¾ 9 - 10¾ 9l¼- 12 11¼- 12¼ 12¼- 12¾ 11¼- 11¾ .... - ........ - •....•• - ........ - .... .. .. - . .. • - •.. Pref. vot'g tru8t ctf8 .. 21 - 23¾ 23 - 27½ 26¾- 29¼ 28 - 29¼ 29~- 29¾ 29 - 29 .... - ••...••• - ........ - •.•.... - ........ - .... ::.• - ·-· <Jolorn.do & Southern.. . 5¼- 6 5~- 6!,d 6 - 7% 6 - 7¾ 5:J;!- 6¼ 5¾- 6¾ 6 - 6¾ 6 - 6¾ 5 - 6 5¼- 6¼ 5½- 7¾ 6¼- 8¾ ht pref.... . . . . . . . . . . . . .. 39 - 4i½ 4.3 - 44¼ 43 - 47¼ 42 - 46 3~- 42½ 40 - 4.4½ 4.0¼- 42 41¾- 42¼ 36 - 41 86¼- 89½ 39½- 4.4¾ 42½- 4.6¼ 2d prnt... .... .... .. 14½- 15:J,j 15 - 17 16½- 20¼ l'/ - 20 15½- 17 16 - 19~ 16 - 16½ 16¾- 16¾ 14 - 16½ 14 - 16¾ 16 - 19 17 - 19½ Delaware & HudBon ... 113 -119 115 -117 114¾-119½ 115 -118½ 118 -115¼ 110 -113% 110¾-113¼ 111½-114~ 106¼-111¾110 -114 112¾-117¼115½-134¾ Del. Lo.ck. & We8tern .. 174 -180 177 -186 176½-183¾ 177 -182 176 -178 175)4-181 175¼-179¼ 175 -182½ 171½-179 173¼-180 175¼-183 182 -194¾ Denver & Rio Grande .. 16%- 18½ 16 - 20¼ 19 - 24¼ 19 - 22¼ 17%- 19½ 17 - 18¾ 17 - 18¾ 18 - 19~ 17¼- 19¾ 18¼:- 20~ lQl¼- 25½ 24.%- 34½ Pref....................... 66½- 71¾ 69¼- 73¼ 71 - 76¼ 69'7,1i- 75 67!1(- 70 61¾- 69½ 64¾- 67¾ 66¼- 63¼ 65¼- 69 66 - 71 69¾- 79¼ 78¼- 87½ DH Mo. & Ft. Dod!fe... 13½- 15½ 14 - 16¼ 15 - 19 15½- 18 14 - 15 12 - 13li4 12½- 18¼ .••• - •... 12¾ · 12½ 14¼- 17¾ 16¾- 17¾ 16¼- 21¾ Duluth So. Sh. & Atl... 4¾- 6 5 - 6¼ 5¼- 6¼ 5 - 6 4½- 5 4 - 4 .... - .... 4¼- 4¼ 4¾- 4% 4 - 4¾ 5 - 5% 5 - 6¼ Pref ........ .............. . 13 - 14¼ 12¾- 1~ 15¼- 17¼ 15 - 16¾ 14¾- 16 12¼- 14¾ 12 - 12½ 12 - 12¼ 12 - 13 .... - •... 14 - 20¼ 18¾- 16¾ Erle........................ 11¾- 11¾ 11¾- 13¼ 12!,(- 14¾ 13 - 14¾ 11½- 13 10¾- 12¾ 10¾- 11 10¾- 10¾ 10¾- 11¼ 10¼- 127~ 12 - H½ 14 - 27¼ 1Bt pref. ................... 31¼- 38¼ 33½- 38½ 37 - 48 39 - 43½ 85½- 39¼ 82 - 38 32 - M 32¼- 3!l% 30¾- 34½ 83¼- 36¼ MM- 41 40¼- 63¾ 2d pref...... ............. 15%- 16¼ 19¾- 20% 19 - 21% 19¼- 28¼ 18¾- 19¾ 17 - 18¼ 16¾- 16¾ 15%- 17¾ 15 - 17¼ 16¼- 19¾ 18¾- 21¼ 20½- 43¼ Evan8Vllle & T. Haute . 40¼- 47½ 46¾- 48¼ 48¼- 54¾ 50 - 53¾ 47¼- 49¾ 44¼'.- 48¼ 41¼- 43% 45 - 45 89 - 42½ 89½- 41¼ 41¼- 43½ 40 - 4.5 Pref .... . ... ................ 90 - 92½ 93 - 93 94 - 94 93½- 94½ 93 - 93 86!4- 92 84 - 85¼ 84 - 84 76 - 80 74 - 78 76 - 81¼ 80½- 82¾ Ft, Wo1·th & Den. City 15 - 15 15 - 15 12½- 12½ 14½- 14½ 15 - 15¼ H¾- 15¼ . .. - ... 15¼- H,¼ ... - ........ - .... 17 - 17 17 - 20 Ft.Worth&RloGr ........ - ........ - .... 17 -17 18 -lP 17 -18 15 -15¾! .... - ....... - .... 17 -18 20 -20 20 -25 24 -27¼ Great Northern, pref .... 166 -174¾ 156 -161½ 156 -ld6l,4 157 -168 151) -157½ 144!1,£-158 150 -154¾ 151½-158½ 149¾-153¾ 149¾-166½ 161½ 183 li7¼-191¼ Rlirht8 .. . . ........... .... . - . .. 5 - 5¾ . ••• - • •• . ..: - .• . .. - . .. ... - •.• . .••• - •••.•••• - •...•••. - ••••.••. - .. . . -' ....... GreenBo.y&WeBteru. - ...... - .. . .... - ........ - ........ - .... .... - ........ - ........ - ........ - .. . 45 -4.6 40 -46 45¾-49% Deben. certs., Ser. A .. 56 - 57 54 - 54 53½- 58 58 - 58 56¼- 56~ .... - .... 56 - 56 .... - •••. 56 - 58 •••• - •.•. 58½- 59¾ 69 - 66 Deben. cei-ts., ~er. B. 6½- 7~ 7¼- 7½ 6 - 8 7¼- 7¾ 6 - 7¼ 5½- 6¾ .... 6 - ·6 5¼- 5¾ 5¼- 7 6¾- 8 7½- 8% Hockina-~Valley ....... SO½- 84¼ 33½- 3!% 32 - 3fl 37 - 41½ 86½- 40¼ 82¾- 38½ Si - 35¾ 81¼- 35¼ 30¼- 31½ 31¼- 38¼ 35½- 40¾ 88¾- 42¼ Pref.......... ............. 58 - 62¼ 60½- 61¼ 62¼- 6i¼ 65¼- 67¼ 63¼- 67¾ 63¼- 67¼ 61 - 61 61~!- 63½ "59¾- 63¾ 62¼- 65½ 63¾- 72¾ 70¾- 74¾ [lllnols Uentral.. .. ....... 110¾-114½ l12 -114¾ 112½-116¼ 114¼-116¼ 111¼-114¼ tlO -114¼ 111¼-120¼ 116¼-118¼ 114¾-117¼ 116¼-119¾ 118¾-126¾ 123¼-182¾ Leased line, 4 p. c. . . .. 99 - 99 100 -100½ lOS -103 102½-104.¾ 104 -lOi 103¾-103¾ 101 -101 100~4-lOl 102 -102 Iowa Centro.I .............. 11¼- 12¾ 12 - 14¾ 18¾- 19¾ 17,(- 19:J,j 16½- 18 17½- 19¼ 17¾- 20½ 18¼- 19¾ 17½- 18¼ 17 - 19½ 18¾- 21¾ 19¼- 27¾ Pref ...... ... .......... ..... . 48 - 53 50 - 55¼ 47½- 58 50 - 57:14 47 - 51 43 - 50 45 - 49¾ 42 - 46 39 - 44¼1 4.0 - 4.2 42 - 49 41¼- 51½ Kann.who. & Michigan. 10 - 12½ 12¾- 1$¾ 18¼- 17 15¼- 16¾ 15 - 18 16 - 16 14 - 14¼ 15 - lb¾ ..• - •.. . H - 15½ 15¼- 20 17 - 25 K. C. Pltt8b, & Gulf . .. 7¼- 9 8 -t12§4 +12 -*21½ *17¾- 20½ *16%- 18 •13¾- 17 *14 - 17 ... - .....•.• - ...... .. - .. . iJL C, So,, vot. tl", ctfs •. . .... - ... .... - ·· - .... - .... 17½- 17½ .... - ........ - •... 10 - 10 10 - 10 7 - 10¾ 9¼- 14 11¼- 14 12¼- Hll:{ Pref., vot. trust ctfs ... . .. - ... .... - .... 42 - 43 4.1 - 4.3}8 .... - ...... . - •.•. 35 - 40 30 - 33¼ 27½- 31¾1 29 - 86¾ 34¾- 39 36 - 38¾ Keok & Des tloiues.... . . .. - . . .. . .. . - . . . . . . . . - .. . . .. . . - . .. . 3¾- 3½ .. . - . . .. . • • • - • • • . .. . • - ... .I. ... - .. 4 - 4 4 - 6 Pref . . . ... . . . . . . . ..... .... - .. . 15 - 16 17 - 17½ 17¼- 17>:t 15 - 15 16 - 16 .••• - ••. . ..• - .. --114¾- 15 14¼- 14½ 17¾- 23 I···· - ... ' 20~2i:~ · 20~23~·23¼=34¼ 83!4- 85 84%- 87¾ 95 -100 ..• - .. .. 210 -210 200 -.206 50 - 54 50 - 56½ 55 -•70½ 79¼- 82¾ 81 - 87 81¾- 87¾ 92¼-101 91¾- 98,¾ 92½- 99 11¼: · 13¼ 11¾- 14¾ 13 - 14~ 3¾- 4% 8¾- 5 3¾- 4¾ 108 -112 108 -108 LOS -109 60¼- 65½ 60 - 69¾ 62½- 69¾ 91¼- 9tJ 92¼- 97 95¾- 97¼ 16 - 17 17 - 21 21 - 27 50 - 53 53¼- 62 62 - 69 10¾- 10¾ 10¾- 12¾ 11½- 12½ 32 - 31¼ 82½- 87¼ 84¼- 40¾ 4.4 - 47¼ -H½- 51¼ 49 - 61¼ 40¾- 47 43½- 48¼ 44½- 48>2 183¾-184 186 -188¾ 189)4-189 26¼=3i:· 26½-30¾ 26 -28¼·2·; =so·--~;; =37¾ 35 -39¼ =5:¾ 92 - 95 92 - 97)4 93 - 93¾ 93 - 95 92~ 93 943,s-110 102,(-110 106 -115 210 -212½ i08½-212½ 208¾-209 208 -209 209 -209 210 -210 239 -~30 214 -210 66},- 89 70 - 74% 71 - 71 60¼- 66¾ 6{¼- 65 63 - 70 61 - 78½ 65 - 70¼ 78¼- 82½ 73¼- 81¾ 70¾- 75¼ 70¾- 72½ 68¾- 73½ 70¾- 76% 75 - 81½ 81%· 89¼ 87¼- 95 81 - !l2 86½- 92¾ 89½- 93 84 - 92¾ 8d¾-100 95¼-I14½107¼-116% 12¼- 14 11¾· 13¼ 1111- 13¾ 11)4- 12~ 10½- 11¾ 11¼- 13)4 12¼- H 13 - 17¾ 8¾- 4 2¼- 3% s - 3¾ S¼- Sh, 2¾- 3¼ 2%- 3½ 8 ~ 4 3½- 5 108 -108 108 -115 105 -105 .... - .... 105 -105 .... - .. 105¾-105½ 105 -105 62 - 66¼ 45½- 63½ 47¼- 57 55 - 56¼ 51 - 55¾ 51¾- 61¾ 57¾- 66 64 - 71½ 94.¾- 98% 87¾- 96¾ !JO½- 94 93¼- 94)4 ill¾- 94 92 - 99½ 97½-104¼ 99¾-104 2!l - 26 18 - 25¼ 19¼- 20 13 - 1: 14 - 14 17 - 18 16!4- 20½ 16½- 21¾ 64¾- 67¾ 57 - 67¼ 58 - 59¾ 57 - 59!1! 46¾- 46¾ 4i - 54 47 - 63 50 - 65 10¼- 11% 10 - 11¼ 10 - 10¾ 9½- 10 9 - 9½ 10 - 11 10½- 13¾ 12%- 17¼ 32¼- So¼ 28¼- 84¾ 30 - 32¾ so - 81¼ 25%· 82 27 - 33½ 31¾- 40 37 - 47¾ 54 - 59¼ 4tJ - 57 47¾- 58)4 49¾- 52~ 461,(- 521>i 47¾- 57:Jj; 54¼- 61½ 59 - 72½ 39 - 43 35 - 39¾ 857<(- 88¾ 86¼- 89 ~ 85, - 35 85¾- 41 89 - 4.ll 40 - 49 188¼-189½ 184 -188¾ 185 -186 185 -lti5¼ 186¼-187½ ... - ... 186 -188½ .... - .. . . .. - ... . . .. - . . . .. - . .. . 50 - 50 48 - 45 - .. . . ... - ........ - •....... - ........ - .... 50 - 50 130¾-136¼ 132 -139 133½-139% 129½-135¼ 125%-133¼ 127½-131 128~-181 126¼ 1:-11¼ 127¼-134½ 132¾-142¾ 140¼-145¾ ... - •......• - ........ - •... ... - •...... - •......• - . ...... - ........ - .....•.. - . . ... - ........ - .. 12¾- 13:>,t 12 - 14¼ 13 - 14% 11½- 12% 11 - 11¼ .... - .... 11¼- 11½ 11 - 11½ 11¼- 15% 13¼- 16>1, 15¼- 2!½ 79 - 83 79 - so 78 - 78 74¼- 74¾ 75 - 75 75 - 75 ... - . . . . .. .. - . . 79 - 90 90 - 98 98 -llv S!l¼- 36 32 - 40¾ 36¾- 39¾ 85 - 35½ 29 - 32½ SO¾- 31¾ .... - •... SO - SO 82 - 38 37 - 41¼ 4~ - 58¼ . .. - ...... . - ... - ... 400 -400 .••• - •... 405 -420 .••• - ........ - ........ - ........ .... ' .. . 130 -lM 132½-135 133½-181 133 -133½ .... - .... 1323,s-132¼ ..•. - ........ - .... 130¼'-13~ 134 -134½138 -134 tis -215 ~u -214 211½-213½ 211¾-215½ 210)4-212 210¼:-210½ 210½-212 207¾-212 209 -210¾ 210¼-213 211 -213 22¾- 25½ 2~%- 26¾ 22½- 26¼ 20%- 22¾ 18¼- 22¼ 18¾- 21 20 - 22¼ 19 - 21~ 20 - 23¾ 21¾- 26¾ 24%- 32)4 25¾- 83¾ 31¼- 38 S!¾- 40¼ 38¼- 38½ 30 - 36¾ 81¾- 85½ 83 - 34% 31¾- 35!,,ii 33¾- 38¾ 36¼- 45 41 - 45¾ 70½- 75¼ 74 - 7:3 76 - 81 76 - 80 74),t- 79 77½- 78½ 75 - 78 74 - 76½ 75 - 78½ 77¾- 82½ 81¾- 83 51%- 54.½ 52¼- 61~ 57¾- 62¾ 55 - 61½ 48 - 61¾ 49¾- 52¾ 50¼- 58)4 45¾- 52J.(i 46¾- 58¾ 66¾- 74¾ 69¼- 86½ 74 - 76¼ 73½- 78¼ 75¾- 78¼ 73¼- 76¼ 69:1,1- 76¾ 70 - 72¼ 71 - 72¼ 67 - 71¾ 63 - 74 71¾- 86% 81¾- 91¾ 50¼- 52~ 4.9¼- 53 51 - 68!,:t 4ti - 51 48¼- 52½ 51¼- 54 52½- 56 52¾- 56½ 57],,- 61½ 56¼- 62 57 - 61¾ 85 - 85,½ 81!1,(- 85 82 - 87½ 83 - 88 85 - 85¼ 82 - 85 87½- 87½ 82¼- 82½ 82 - 90 88 - 88 89¾- 90)4 65 - 65¼ 63¾- 63¾ 61½- 6i½ 57 - 60¾ 58¾- 62 62 - 64 63 - 65¾ 62½- 64¾ 65 - tl9½ 68 - 60 66 - 66 l21J¾-136½ 133½-140¾ l3!l¼ 142¾ 128¼-13~¾ L25 -133),:j 126 -129% 127½-130¼124.¾-rn\/~127½-135¼131¾-144%141½-149½ NaBhv. Chatt. & St. L .. .... - .... ~. Y. Cent. & Bud. Riv, 131¼-138 Ria-ht8.,-,.......... 4¼- 4¾ N. Y. Chico &St. Louis. 12¾- 13½ ht pref.......... . . .. . .. .. 81 - 85 2d pref............ ........ 32 - 85¾ '.New York & Harlem... . . - . .. N. Y.Lack.& We8t . .... 130 -180 l!I. Y. N. Ha.ven & Hartt. 212½-215¾ 'N. Y. Ontario & We8t ... 20%- 23,a Norfolk & Western.. . .. 22%- 26 Pref.... .. .... . .. ... .. .. . 67 - 71¼ o.Po.c,Ry. vot. tr, rec. 50¼- 54½ Pref. voting trust 1·ec 72½- 75 .Pacific Coo.st Co.......... 60 - 53 1 t Pl'tl~··•••·•• • ........ 85 - 87½ 2d pref..... . ........... 64l¼- 66¾ if>enDBylvania RR ....... 128¼-133¾ Rights..................... 2¾- 3 . ... - . .. . - • • •. . •• Sub criptiou 1·eceipt8 127)4-129¾ 131 -133¾ 131 -137¼ 185~-185¼ 138 -138 .... - • . . . .. Peoria.Dec.~ Evansv. 2¾- 3¼ 1% · S 2 - 3 2%- 3¼ 2¼- 4 1¼- 2¾ 2 !Peol'la & Eastern....... 5½- 6½ 6 - 6½ 5¼- 9½ 6¼- 8¾ 7 - 7¾ 5 - 6 ... l'ere M.a1•quette......... 20 - 20¼ ... - ... 21 - 29¼ 24 - 26¾ 23¼- 25½ 28 - 25¼ 22¾· Pref........................ 65}:{- 55¼ .... - . .. 5i½- 6l½ .... - . ... 58 - 60 55¾- 55½ ... . 1Pltt8. Clnn. Ch. & St.L 65 - 80½ 68 - 72¾ 6tl¾- 70 63 - 69 56 - 59½ 08 - 60 52½Pref .. .. ... . ...... ...... . . 90½- 9!l 85 - 89 81 - 91 82¼- 89 81l!4- 85 78 - 85 79 Pltt8. Ft. W. &,C., iruo.r . .... - .... 187¾-188 186 -186 187¾-187¾ . ... - . . 188%-188% .... Pittsb. & WeBt'n, pref. T1·ust Co. ctfs. dep .... t14¾- 15 Hl - 12 l:13 - 14 U2 - 12 ;9 - 12 ;8 - 10¼ U4 Ren.ding vot. u-. certs .. 17¼- 19 18¼- 19,!4 17 - 20¾ 18¼- 21¾ 16¼- 18% 16 - 18 16¾lat pref~ vot. tr. cert8. 49 - 56¼ 53!1,!- 60 56¾- 65½ 58 - 66¾ M - 59½ 5!¼- 59¾ 58¾2d pI"ef. vot. ti•. cert8. 26 - 2~½ 28¼- 30¾ 28½- 34% 30¾- 85¾ 26¼- 31¼ 26½- 81 28 -at.en118el. & Sara.toga ... .. . - .. . .. - .... .... .... - ...... . - .... .. - ........ ~ tst instalment paid. ~ o\.11 assess1Dents paid. ; 25c. paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis s: =28¼.27 0 ~!~;~:~e~~:!;::.~~·;·i¼~27. Pref ....................... . 84 - 87 Lake Shore .. , •........... . 197 -200 Lonir hln.nd ..... _ ..... ... 47¾- 55 LoulBvllle & No.Bhvllle. 77¼- 82¼ Manhattan Consol.. .... 90%- 99 Mexican Central ..... . 10½- 12¾ lex. National, ctfs...... 3:),(- 4¾ Mlchla-an Central ........ lOl -110 LUlnnen.p. & St. Loul8.. 58 - 62 2d pret.. .. ............... 90¾- 98½ ~Uno. St. P. & S.S. M... 15 - 17½ Pret....... ...... .......... 56 - 55 !llo. Kan8o.8 & Texas... 10 - 10½ Pref ........................ 31¾- 3!l¼ 188ourl Po.clflc .......... 88¾- 44¾ Mobile & Ohio .... . ....... 39 - 40½ tuorrl8 & Essex ........... 183½-189½ • •• . • •• - ... . .... - •••.••. - •• . ••• - ........ .. ... . •.. . . .. 2½ 1¾........ 2-!¼ 22 ... 57 59¼ 50 82¾ 80 ........ - ......•. 2 1¾.... 5 23½ .... 57 53 54 49¾82% 79 ........ - ........ 1¾ 1¾5¾ 6 .... 22½51½ 56 51 50 83 79 •....... - ........ - ....... , 2¼ I¾- 2¾ 1½8½ 8 - 8¼ 8½24 27 - 82 31¼60½ 631},!- 65 65 59-¼ 56¼- 59 55¼8! 80¼- 87¾ 85 ... 185 -185 .••• - ;24¼- 2!½ .•.. 16¾- 17¾, 15 56¾- 60½ 50½27¼- 29¼1 23%.... 1113 -193 ... - .... •··· 16¼ 15½57%1 53%27½ 25¼. . . .1••• - •··· •··· 19¾ 17¼60}i 57½21!½ 27½- ... . 2¼ 18 35 73¼ 59¼ 90 ••• ~- 24 17¾ 61¾ 2~ • I .. - 1···· - ··· 20¼ 19¼- 26 ... . 65 , 62%- 71¼ 3!¼ 80!}.(- 89¼ 1200 -200 RAILROAD AND J\IISCELLA.NEOUS STOCKS. 114 1900-Uo u linued. FEBR'RY. JANUARY STOCKS. MARCH. APRIL. MAY. --- ---- - - - --- --- 54 - 59¼ 53 - 60 87½- 89 89½- 91 ... - . .. 135 -136 5 6 - 6 5¼ '13 - 43½ 38¼- 3:3¼ 12),(- 15 .... - ... 10¾- 12 9¼- 10¾ 68 - 71½ 68 - 70 39 35½32½- 35¼ 11½- 13¼ 11 - 12 29½- 34.¾ 25¾- 30¾ . ... - . 57 - 62 99½- 99½ .. - ... 13¼- 15¾ 12 - 13½ 56½- 61¾ 53}8- 57¾ 36 - 4.2½ 32¾- 36½ 14 14 60 - 60 . .. - . .. 17¾- 21 16¼- 19½ 8¼- 8¼ . - . ... 55~- 60% 52 • 56½ 7'1½- 78~ 72½· 75¼ .. .... . .. 7,__ 9}!; 8 - 9 21¾- 21¼ 20¾- 23¼ 10 - 11¾ 9 - 1012 53½- 58½ 50 - 55 28!,(- 32¼ 25%- 29¾ 10½- 20¾ 14½ 17 49 - 57 44.~§- 40 EXPRE~S. A.dam19 ...................... 111 -115½ American ................. 142½-1'19 United Stares ............. 4.6-½· 49 Well8, Far!lo & Co . .... l23½ ·129 ll6 145 48 125 - - - - . .... - .... -- .... . ... - .... - - - ll4 145 4.6 l22 . -117 -149½ - 48 -129.½ 114½-117 l42 -151 ,l5 - 49¾ 123 -128 - . .. .... ... ... - .... ... -- -- -. - .... -- .... -130 -150 - 49¾ -127 (.:VARIOUS. American Beet Sugar .. Pref .. . .. .. . .... . .......... Amer. Car & Found1·y. Pref....................... A.mer. Cotton Oil Co ... . P1·et .......... . . ............ Amer. Dist. Telegraph. A me, ican Ice Co .......... Pref. ....................... American Linseed ...... Pt•ef........... ........... .... - ·- - .... .... - .... ··•· - .... -- . - - ... ··...•· 59½- 65 5i - 54 53 .... - . ... 86 - 86 .• . . .... - .... .... - • ... W3 6%- 7¾ 41¼- 47¾ 14.½-16 9),(- 10 67½- 68¼ 32¾- 85 10¼- 13½ 25¼- 80¾ 7½ - 49¾ 7 41½· 15 9 64 81½10%25¼- - 16 -- 6610½ 34¼ 13 30¾ :::v - 53 60 - 65 flO - ... . 89 - 94¾ 9i - 95¼ -138½ ...• • •... 133H-134½ 7 - 7½ 7 - 7¾ 1¾- 8% 50¾- M½ 53¼- 64½ 45 - 50 16½- 17¾ 17½- 21¼ 16 - 17 9¼- 11'¼ 11½- 20¾ 17¾- 2Hi 76 75 - 78 68~68 65 33 - 37 36 - 46¾ '15¼- 55 11½- 14¼ 13¾- 15¾ 15 - 18¼ 31¾- 37¼ 86¾- 45711 26¼- 33 ... .... - .... .... - .... .... - ........ - ........ - ... - .... . ... . ... ... .... - - . .. - •· ·· - .. . 10¾- 12½ 10¾- 11~ 10'%-11¾ 10%- l 2¾ 11 - 13~1j 1 ?.~- 181,.{ 17¾- 231}t 49¼- 55% 50 - 53 51¾- 52% 50¾- 5a¼i 51~- 56 of'h!- 67½ 60¼- 73¼ 3t ¾· 36¼ 31¾- 34% 82%- 34¼ 30¾- I '.t~:": ~'.~ . . .... .... - .... .... - .... .... - .... .... - . .. - '.'.1 ' .:": '.,·;: 14 13¼- 17 14 -15½ - 15¼ 14 - 15¼ 141J(- 13¾ 16¾- 20¾ 19-~- 26!}4 .... - ·•· · .... - .... .... - .... 10 - 10 I···· - ·· I···· - ·· 1 -··· - ···· 48 - 5fl% 49~- 59~ 57~- 60¾ 63½- ... ... - ·• .... .... - - .... ~~:: ~:~, :~ ~~~: - ~:~ ~~~ ~~~' - . . . 1 ··. - . I. ... - •... , .. - ... . 70½- 75% 71~- 76¾ 75¼ 76% 71 ... . ... ·• ·· 6¾- 8¼ 6¾- 7¼ 6¾- 7¼ 6½17 • 21¼ 17¾- 19¼ 17¾- 19¼ 16 8 9% 8½- 9¾, 8½- 9¼ 8 47 - 51¼ 46¼- 49¼ 46 - 48¼ 41½21¾- 27½ 22¾- 2i½ 23¾- 25¾ 21¾18 - 16 18!,,!- 14¾ 14 - H¼ 10 37 - 39~~ 37 - 39½ 30 38¼- 48 ... 7~ 6¾- 7½ 7¼- 8¾ 8 - H 17¼- 19¾ 18¼- 22¼: 20%- 27 -- 18¾1 8¾1 8¼- 1 : ½ 1 9 - 11¾110¾- 13¼ - -- 48¼, 2'1½ 13½ 87 1 41l¾- 511,,{i 48 - 57 52 22¼- 27¼ 24 - 30¾ ~G¾10}4- 14: 11 - 14½110½30 - 37 83½- 37 83 • I II 118 , 411½ -1"9 150 46%( 48 4.5 123 -127½ 120 117 -125 15f -157 4.5½- 47 12:1½-127 -120 -15'3 - 4~ ,,,, -123 57¾ 32 18¼ 44¼ ..-J I' 125 -126 1~ -1 20 125 -130½i130 -150 t3iJ -150 155 -157½ 150 -1 55½15(, -158 155 -167 1164 -191 45¾- 47 . 45 - 47 45 - 51 1 47¾- 50¾ 49¾- 59¾ 12-1),(-128 122½ 129 1,, .. 1,. ,., ~137 I'""',., - ·•• · 31¾35½- 4:L½ 120 -126 120 -123 120 -120¼ 14½- 17 11½- 15½ 13½- 15¼ .... 4.8 - 48 . 73 - 73 70 - 70 70 - 70 ... ... .... - .... .... -- ..... - 18 - 32¾- 36½ l25 -1.?5 118 -1 2l 117 -117 123 14½- 15¾ 12¾- 14½ 13¼- 17¼ 16 52 - 52 75 - 75 78 75 - 75 74 74 75 - 77 75 . 84 30 84: . . . . •• · · 33 - 33 6%- 6¼ ••.. 6 - 6 .... . .. .... . .. . ··•· - .... 35 - ]6 .... - .... ... .... - .... .... 7¾- 7¾ 7 - 7 . ... - ... 420 -420 ... - .... ... . .... ... :::: : :::. ~~~.~~~,~~~ :7~~.. 1¾- 1¾ .. . . - .... .... - •·· ¼8,½;- 9¼ 8 - 8¾ .... . ...u-- ....¾ ·--· 7¾- 8¼ 8½- 9¾!.... - ... 68)4- 82¾ 6~ 56½- 72¾ 51¾· ·•• .... - .... ....65 -- 75¾ .... ....68¾--72¾ ........ -71 49 - 61 6'13-&- 79¾ •. .... .... - .... . ... - .... .... .... . .... ·••· - • . • . . .. • - • •• 23 - 23 . . •• - •.,. ·•· · .··•· ... -- ••·· .... .... - .... .... -- .... ··••... -- .... ....14¼-- 17¼ .... - .... .... - .• . . . . . . • . . . 73½- 75 . . . . • •••• ... . • 17:J4 15¾- 17¾ 13¼- 17 25¾ 19%- 23 H¼-16¾ 15 - 16¼ 13¾- 16¾ 14 - 18¾ - 'i6½ ••••a••• - ·•• • • ••· .• • •• • ••• - ·••• 14. 17¾57%- 68¾ 59¼- 64 63~- 69½ 66½- 7Z 81 83)4 33½- 3®~ 30¾- 37¾ 30½- 82¼ 88¾- 90 90 - 92 90 - 9i Ill - 92¾ 25 26 27½- 33 83 - 37 85¼- 87 80 84.½ 31½- 37½ 3i¼- 4.8¼ 37½- 42¾ 64 6'n 63 - 66 65 - 73 69 - 71% 8* 10¾ 9¼- 13¾ 6 • 13¼ 6¼· 8½ 60 ~2½ 50%- 55½ 36 - 55½ 3i½- 41),( 4¼ · 5¾ 4 ~ 5½ 4¼- 6 6 22 25 23 - 26 24 - 25¾ 25 - 27¾ 85¼- 87½ 36¾- 43½ 40¼- 54.½ 50¾- 56¼ 90 88 - 92 CO¼- 99 95 - 98¼ 1¾- 2 .... - ........ - ••.•.••• - •••• li . 17½- 20½ 17 6-i!Ja- 67¾ 64¼- 68½ 65 - 75½ 74¼- 80.½l 7o - 79 82 - 87¼ 29 87¾ 30½- 37¾ 3!½- 52¼ 40½- 47x, 73 - 76¼ 70 76¼ 71¼- 76¾ 75 - 90¼ Si - 89 22¾-149 117¾-126 112½-123½ 114¼-126x, 122 -137 115!1(-117¼114½-118 116 -117 1114¾-115¾115 -11 87 90 - 95 95 - 96½ 88¾ 88 - 91 22 - 80 24 29½ 26%- 85¼ 3~¾- 45¼ 4.1¾ · 57¼ 78 - 80¼ 77 81 79½· 84 82¼- 89¼ 87¼- 92 91¾- 96 q 85¾- 95¾ 88¼-100½ 96¼-113 10!¾-114¾ 130 -130 128 -1 28 131 -133 37 -HO 137 -138 99¼-100 99~-100 100 -100 99¾-100 98¼-100 . .. ••.••• • •••.••• • .... 21!,,&- 22½ . .. • ....... • ....... - ••. . 76 - 77 .... ·•• · .... 47¼71 - 80½ 67,1,s- 74¾ ,1.9 - 73 50½- 64¾ 59¼- 78¾ 69 • 88% 56¼ 60½ 50¼52¼- 60~ 150 -154 145 -175 160¾-174 167 -171~~ 170 -172 160 -1 60 165 -170 169¾· 181 175 -183 7½- 9 8¼-12 7 7 - 9¾ 8½- 10¾ 8¾· 10¼ 6¾- 8¼ 6¼- 9 7½ 6¼- 7 ... - ... . . - .. .. . 101¼ 101% . . . • - ... . ... , - ... . =•• · . . 37 - 39 . ... - . .. 168 -175 158 -169 167 -167 •••• - .. .. . ... - ... . .... - •... 180¾-193 181 -196½ 171½-192½ 174: •181~ a167¼•79¾ 164 -175 164½-179 172¼-201 1 6¾-197¾ . .... - . .. . . ... - . 3½- 5¾ 23¼- 27¼ 24 - 26% 23½- 26¾ 2!!4- 30½ 26¾- 38¼ 32½- 4.0¼ 27½- 33¾ 21½- 30¾ 22¼- 27 60 - 85 70 - 82¼ 75¾- 82 76¾- 80 79¾ 75¾- 83¾ 81 · 95 88 - 9! 74¼- 79 75 94 - 9i 90 - 91 89 93½- 97½ 94.¾- 98½ 91 - 9i 90½ 90 - 90¾ 90 - 90¾ 90 - 90¼ ... ... . . . .. . 395 -395 . .... . ... . ··•· - . 103 - •.. . 105¼ ·105¼ 103¼-104¾. .. =1~~~(06¼=1~~~,:::: . - -- .... .... - .... - - ··•· - -130 121 -122 - 18½ 14 - 18¾ - .... 50-M - 79½ 75 - SQ, - 79 75 - 7w - 30 30 - 34: - .... .. - 63 - 63!1( 83 - 34¾ 90 - 90 26 - 26 32½- 87¾ 66½- 68 9¼-12¾ 52 • 55:}4 8½- 5 19!1(- 25 86 - 88 88 -· 89¾ - - -- ' -- - - - .... .... ~- .... ...... - ........ - ~~¼ i:;½: 25¾ .22¼: si~) ~ 82% -- ... - .... -- .... •.. . ... - ... .... - ... .... - .... .... - .... .... -- .... ... -- ..... .... -- .... .... .... -- .... - .... - .... .... - .... .... - - - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - l , G -, 3,) ... - . .... - ... - Ex-·r1gbts. - . 60 • 67¾ 63 - 67¼ 64 - 66½ 57¾- 66 61 - 65 59 - 6 ~ 61 - 66 35¾- 37¾ 33 - . 36½ 30 - 85~ 82¾- 85 31 - 34½ 33¼- 35¾ 32¼- 87 95 - 96½ 90 • 92 93¾- g-i 96¼-100 90 - 94¼ 9i • 94 89¼- 90½ 25 - 26 25 - 25¾ 25 - 25 24%- 83½ 26¾- 3W 26 - 27½ 26 - 28 27½- 36 4.0 - 44¾ 4.3½- 4.8¾ 47 - 49½ 28¼- 47 33½- 42 28¾-- 38 75 - 78¾ 73¼- 76½ 74¾- 77 62½- 76¼ 60½ - 66 ~2½- 75 61¾- 69½ 12¾- 15½ 13),(- 16¼ 11 - 15 9¾- 11½ 10 • 12¼ 12¾- 14¾ 11½- 13 M¼-57 4'9½- 55:):! 51 - 58 51¾- 58 55¼- 58 52¾- 56¾ 55 - 60 4¼- 7¾ 5½- 6¾ 8!4- 5½ 4'¼- 4¾ 3¾- 4½ 8 4 8% 8 22 • 25¾ 20 - 23 26 - 31½ 24 - 28 20½- 23½ 18¼- 21½ 19 - 20 35¾- 39¾ 38¼- 43% 38½- 42¾ 36¼- 42¼ 86¾- 4H8 34½- 38% 85},!- 38½ 90 • 93 89¾- 92 86 - 90 88¼- 90¾ 87½- 89~ 85 - 90¾ 86 - 88¼ 2 4 8½- 3½ 3 4¼ 2¾- 2½ 2½- 2¾ 2¼- 2¼ 2 2 . .... . .. ... .. · ·•· 17 - 24¼ 18%- 23¾ 41½- 45¾ 39 - 50¾ 32 - 41¾ 25¾- 37¾ 20 - 26 82¾- 86 79 - 82 73 - 81½ 69 - 74½ 66 - 73 80 - 83 66¾- 72 33 59¾ 58½ 55¾53¼- '10% 28½- 37½ 31 - 86¼ 45¼- 58¼ 37!4- 59¼ 90 - 92½ 75½- 91¼ 73 - 80 89 - 92¾ 91½- 95 69½- 77!1,! 70¾- 75¼ 112¼-137¼ 101¼-118¼ 95¼-111¾ 101¾-121½ 105¼-120 110¼-119¾ 113¾-129¾ 111 -115 108 -115 107 -111½ 108¼-113 110 -113,¼i lU -116¾ 114¼-118 92 - 93 90 • 95 92¼- 98½ 93½- 97½ 91 • 95½ 90¼- 93 90¼- 93 25 • 34¾ 21 - 27!-§ 18 • 23½ 19 • 24¼ 277k 34½ 31¼- 36¾ 30 - 8! 81 - 84 80½- b3 80½- 83 74 - BO¼ 78 - Bi¾ 72¾- 79 70¾- 74. 94¾ -107¾ 101¼·111½ 102½-109¾ 100 -109¾ 85;½-104¼ 84.¾- 95¼ 89 - 98¼ 136 -140¼ 136 -140 139 -139 133 -185 128 -133¾ 129 -129 130 -130 !J9 -100 100 -101 100¾-102 98 -100 99¼-100 99 -100 99 -100½ - ···················· - - American Maltinir..... . Pref.... Amer. 8meh',i & Refin. Pref ....................... A.mer. Spirits Mfg ... ... .... Pref.......... ············· .... Amer. Steel Hoop . ...... Pref ........................ Am. Steel & Wire, new Pref........................ .1mer. Sugar Ret. Co ... Pref ...................... . .&.mer. Tel. & Cable Co. Amer. Tin Plate ... ...... Pref........................ AmerlcaJJ Tobacco Co . . Pref..... • .... ... . ........ Dividend scrip .......... American \Voolen Co... Pref........................ .... ·•·· ... ... .. .. Brooklyn Rap. Trans .. 66¼- 77 64¼- 77 63¼- 7,l Brooklyn Union Gas ... 140 -150 145 -151 144 -153½ »runs. Dock & C. hnpt. 11¼- 16¾ 10 -14 8¼- 11¼ .. - .... 91¾- 93 92½- 92¾ t;apital Traction .... Chic. Consol. Traction. 37½- 39¾ 39 - 39 .. .. - ... lJomme1·cial Cable ...... l83 -183 168 -170 168 -168 Consolidated Gas ........ 186½-199 179¾-196 174¾-193 Rights ..................... .... - ... . .. .... .... - .... Continental Tobacco .. . 30¼- 38 29 - 85½ 28¾- 3!¾ Pt•ef 83½- 89¾ 84 - 87 82¾- 85¾ . .. . 94 - 94¾ Den·oit City Gas ......... ..... ·••· .... .. Eighth Avenue .......... 400 -4.00 Erie Telegh. & Telt>pb 101 -107¾ 105 -122¾ 104'4-104¾ Rigb19 ............. ... . . . 1 .. 1½ .................. .. 55 - 58 - . ... 87 - 87½ 86½- 88 -135 135 ... ... ~/}.! 5 6¼ 5 42 - 43 39 - 39 11¾- 12½ 14 - 14 8¾- 10¾ 9 9% 70 - 70 66 - 68½ 31¼- 34.¾ 31¾- 33¾ 8¾- 11¼. 9½- 10~ 21¾- 28¾ 23½- 27 - -. .... .... · .... .... -- ·•· ·•·· 12½- 14¾ 14 ---- --- ....I,,,._ "" __ ..,. ... . .... - .... ... - ... . .... - .. .... - .... .... - .... .... ... .... - . . .... - 150 -155 '150 -150 1160 -170 ;165 -175 - . .... - ... . . ... -. 377_/4• 4.3 40¾- 40 38½- 4.4¼ 43¾- 4.7¼ 40¼;- 45½ 42 - 47½ 44¼- 52¾ 46½- 4.Q¾ 1¼- l¼ .... - .... 1½- 1½ - .... .... - ... .... - ····1 l½- 1¾1.... - .... ... - . . . ... - .... .... - . ... ··•·1¾- 1¾ ¾29¾· 85: 30~: 4~½ 87½= 5~¼. 49½~ 56¼ 36 29½- 37½ - - .... - - COAL & .ll'.llNING. A malgamu.ted Copper .. .. . ... ·•• · AmertCan Coal.. ... .. . .. ... .... .... ··•··· Anaconda lopper ....... 38 - 41¾ 39~- 46½ '13¾- 51¾ 44¼- 541-'.'.: Uolorado C. & I.Devel . l½- 1½ 1¾- 1% 2 2¼ l½- 2¾ Pref ............ . .......... .... ... ... ... 3¼- 8¾ . .. - ... Colorado Fuel & Iron . . 40}{i- 46½ 42½- 48½ 42½- 51¼ 39½- 61½ Pref .... . ................. . 121 -131½ 125 -125½ 122 -129½ 127 -130 Col. & H. Coal & Iron .. 15 - 18½ 16¾- 18½ 15 - 20¾ 17¾- 21 ... - . .. .... 50 - 50 Consolidation Coal. .. .. ·· •· .... .... .... . .. . 73 - 73 Homestake Mlntna- .. 75 - 75 78 - 78 81 - 81 Maryland Coal, pret .... 70 - 70 ...... ... 37 - 37 New Central Coal, new. .... ... . . . 8½- 8½ Ontario Silver lUinln,i .. 7!1(- B½ B¾- 9 B¼- 9 .... . .. . .... .... .. ... Pennsylvania Coal ..... . . ..... 2 2 2 Quicksilver lUlninai 2½ 1!1(- 2 Pref ....................... . .... .... .... ... 8¼- 10~ 9 9 Tennessee Coal & Iron 79~- 87¾ 86½-104, 90½- 98½ 80¼- 98½ ... Pref.......... ............ . 155 -157 160 -160 160 -160 ri AUG ~ST..:_ !SEPT'B ER. OCTOBER. 'l"0V'BZR. DEC.BER. r,ow.Higo Low.High Low.High Low. High Low. High Low. Sigh Low.High Low .:etgh Low. B igh Low .Higb Low .High Low .High Rio Grande \l,. estern ... 43¼- 44 44 - 50 52)4- 60 85 - 90¾ 90 - 93 Pret ....•....... ........... . 80 - 85 Rome Wat. & O,idensb. l3i -13! 130 -132 130½-131¾ 6½ 6 6½ 6~ 6 St.J. & G.I. vot. tr.ctfs. 6 -l3 - 45 do 49%- 49'¼ 42 - 42 lat pref. do 2dp1•ef. 15¾-15¾ 15 - 16½ 15 -16½ 10 - 11 1014- 12 !!ot. L. & S. F. v. tr. ctfs. 9 - 11 68 - 72¼ 68½- 70 do 1st pref. 68 - 70 3i do - 89 ~d pref. 32¼- 35½ 33¾- 37 St. Louh Southwest'n. 9½- 12½ 11 - 12¾ 11)4- 13¾ Preferred ............... . 23½- 28¾ ~7¾- 31½ 28½- 34 ... St • .Paul & Duluth ... ... 50¼- 56 51 - 52 .... Pref..... .. .............. .. .. .. - . . .. ... - .... 100 -101½ Southern vot. tr. ctfs .. . 11 - 12¾ 11%- 14 13 - 15¾ 57½· 61½ Pref. ,~ 51%- 55~ M'U- 59 " Southern Pacific Co ..... 35¾- 39 88 - 40½ 37 - 43 Texas Central. ...... ... . .. . ... Pref ........................ - .... .. .. ... ... - .... Texas & Paclftc . .. .... ... H¾- 16¾ 16 - 17¼ 16 - 19 .. .... ... Toi. Peoria & West'n .. 10 - 10 .. .. nlon Pacific Bailwav •.. 4.ii)r 48¾ 46¾- 51¼ 48 - 59 7'1 - 77½ 73¾- 77¾ Pret ............... ....... 73½- 76 ... . Un. N. J. RR. & Canal. 272¼-272¼ .... - . ... ... Waba h .. .............. .... 7 - 7¾ 6'¼- 7¾ 6½- 8¼ 20 - 23 Pref. ..................... .. 19¼- 21¾ 20¼- 21¾ Wbeel. &. L. Erie, new 9¼- 10¾ 9¾ 11½ 10 - 11¾ l"t p1•ef... ............... 52 - 54½ 52½- 55½ 52 - 59 ~dpt•ef. .... ... ... ........ . 26 - 29¼ 26¾- 29 26¼- 33¼ Wiscon in Cent'l, new. 17 - 20½ 17 - 20¼ 16½- 20¾ Pref.... ............... ..... 47½- 61½ 47¼- 53½ 49 • 56 - ~--- - -- - -- JUJY. JO.NE. .... ... - .... ... - .... ... - .... .... - ... .. ... - ..... - ... .... - .... ..... ... .... .. . . .... - ... - .... .... - .... . - .... --- .•···•··... .. - ........ - ........ - ........ - ... . - - ... - - .... - ... . ... - ... ... .. .... -- .... .. .... - .... .... .... ... I - . -1- ·--.; .... RAILROAD AND MISCELLAi: EOUS STOCKS. 115 1900-<Joncluded. STOCKS. JANUARY FEBR'RY. MARCH. - - - - - - - - -APRIL. -- - -MAY. JULY. JUNE. AUGUST. 3EPT'BER. OCTOBER. NOV'BER. DEC'Bl!:R --- --- --- --- --- --- -- Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hil!'h Low. High Low.High Federal Steel.... . ..... .. 4~- 55½ 52¾· 57¾ 47¼- 57 39 - 57¼ 33 - 42~ 28¾- 37¼ 31¾- 36 31¾- 3~ 30 - 85½ 31¾- 40~ 37¾- 52¾ 48 - 5 73 - 77½ 72 - 76½ 68 - 75½ 61¾- 69½ 601}.!- 68~ 63¼- 68 Pref ................... 7~- 76 65 - 67~ 61 - 67¾ 62 - 69¾ 6'i½- 77~ 75 - 79½ ... .... ·•• · ... . - . ... 69 - 75 64 - 74 67½ 71!1:1 71 - 81 76¾- 77½ 73 - W¾ 73¾- 78% 70¾- 72h, 68¾- 71 Gas & Elec. of Ber1r Co. General Electric, new .. 120 -124¼ 123¾-129½ 124 -131~ 12!!½-140¾ 132½-139\1,i 12d¼-l36¾ 127½-131¾ 130 -H0!J:i 13211(-141½ 135½-145 142 -171½ 166¾ 200 G lucose Sugar Refln'g. 47 - 57¾ 50 - 58½ 50§,(- 54 49¾- 56½ 52:J,{- 60 !l7 - 5i 47%- 53½ 44 - 50½ 45½- 50¼ 48½- 55 51¾- 55 48¾- 52 P1·et. .. . .................... 98 -101½ 100 -101¾ 98½- 09½ 98 -199¾ 99¼- 09½ 98 - 98 99¼-101 9$¾-100~ 98 - 99,it 98½-102 100 -103 92 - 99½ B. B. Claflin Co ..... .... . 113 -115¼ 112½-ll~ uo -ll2½ 109 -114 109 -109 106 -109 108 -108 108 -108 107 -110 l03 -110½ 110 -112¾ 110 -114 1st p1•ef................... - .... 101 -101 102¾-102½ . .... - .... . .. - . ... .... . .. ... -· . .. ... . 2d pref ......... .. ........ .. .. - ... . ... ... .... .... . .. . .... . ... .... - .... - . .. 100 -100 . ... .... ... . .. . ... International Paper ... . 22¼- 25½ 21½- 25¾ H.½- 23% 21 - 24¾ 21 - 21 20½- 2i¾ 21½- 23~ 22 - 23 16 - 22 17 - 21½ 20 - 26'.!1i 22 - 26 65 - 68% 66 - 70½ 58 - 67¾ 63¾- 67¾ 63 - 65 Pref ··· •• ·••····· ·· ·· · 72¼- 74.¾ 63¼- 67¾ 64'¾- U5% 65:l,(- 66:14 60 - 66% 62½- 67¾ 66¾ · 75 International Silver ... 9 - 10% 8 - 10¾ 6¼- 8 5 3:l,(- 3¾ 4 6¾- 9¾ 5 - 'i¼ ,l 4.¾- 7¼ 4½- 8 5¾ 4¾- 4¾ 3¾- 4 International Power ... ... ... - ... .... 28½- 89¼ 32¾- 51½ 50 - 55" ... · ••· . ... - 29¼ 24¼- 30¾ 28½- 29% 27½- 29 In tern a t . Steam Pu III p .... .... .... ... . .... .... ... 28 - 29¾ .... .... ... . - .... .... - ... ··- · .... ..... Pret .................. ... ... - .... .... - .... .... .... .... - .... . ... .... ... - .... .. .. . .. . .. 'i6 - 77¼ .... . ... .... :~o - 38 35 - 4') 39 - 89 88 - 88 30 - 83 2! ., 27 Knick. Ice (Chicaiio) . .... 15 - 15 15 - 15 10 - 15 . .. .. . ... P1·ef.. .......... ......... . .. . - . .. 66 - 66 .... .. ... 58 - 60 57½- 57½ 52½- 52½ ... ... .... - . .. .... 50 - 50 . ... Laclede Gas, St. L ou i .. I 7R\i- fl0 I 73 - 'i9 \.6 74 - 78 70 - 76¾ 65 - 71 68 - 75 68 :.. 71 70 - 76 68 - 75 74 - 75½ 67¼- 73 70 - 79 lt10 LOO¼ ·lUO½ 9b - 99 100 -100 l.l6 Pre 1........ .... . . .. . .. .. . 95 - 97 98 llix{.. . 99½-100 ... 98 - 98 ... 99 - 99 97¾- 98 Manhattan ·Beach Co. . 6~ 6¼ ... 9 8 - 14% 13½- 15 10¾- 18¾ 10 - 12 9 12 - 14½ 13 - 16 11 - 17 . ... 8 8 metropolitan Street.. . 1 159½ 1 u 64½ lS~ 155 -li4X! 157 -169 144¾-158¼ 145½-158:14 146 -158:l,( 151¾-157¼ 148¾-155¾ 147¼-163¾ 157¼-177 163½-176 Rig bt8. ················ · ... . - . ... ... - ... . ... - .. . .... - .... ... . ... - . . .... - . ... .. . - .... l¾- 1¾ - . .. Met. W, S. El. (Chic.) .. . 24½- 24¾ 25 - 29 28½- 35 '34 - 37½ 31 - 32 30 - 30 30½- 83¼ 30½- 34 31 - Si 30k- SO¾ 30 - 30¾ 29 - 31 Pref........... . .... 78 - 74¾ 76 - 82½ 78 - 81¾ 78 - 82 ~6¼- 78½ ... - .. 88½ 83½79 81¾- 83 81¾- 88 80 - 84¼ 78½- 80¼ 79 Mutual ,Gas (N . Y.) ..... .... - ·•· · .... - .... . ... - . ... ... . - .. .... .... .... - . ... - . . .... - .... .... - .... 293 -298 - . .. National Biscuit .. ...... :J5 - 88 36½- 40¼ 35 - 36½ 3i½- 86¼ .28½- 32½ 23 - 30 28 - 32¼ 30¾- 3Z¾ 31¼- 84.½ 31¾· 37 35¾- 4.0½ 35½- 39¾ Pref............... ...... 90¾- 92k 92¼- 96 80 - 86 88¼- 90 89¾- 91 85 - 85½ 86¼- 8S¼ 85 - 88 88½- 92¾ 91 - 95% 9Cj.s- 8 'i9½- 81 Nat'l Linseed Oil Co. Trust certificates..... . 3¾- 3¼ .... - .. . .... - . ... .... - ... . .. - ... ... - .. ··•· - ... . .... .... - .... National Lead Co ....... 25 - 27¾ 23 - 28¼ 23 - 2l¾ 22 - 25½ 18½- 22~ 18¼- 21 19 - 20¾ 15¼- 20 17 - 18 111¾- 20~ 18½- 23 18¼- 217 Pref.................. ...... 104¾-106 10! -106½ 103½-106 104¾-105:½ 95 -10! 95¾- 97¼ 97¾- 98 83 - 97,d 87¾'- 90 90 - 98 92%- 99 91 - 95 National Salt ........ ..... ... . - ... ... . - .... .... .... ... 37 - 39¼ 32¾- 41 39%- 46 36½- 44 .... - ... ... . .... .... . .. . ... Pret .. . ..... ................ .... .. . .... - ... . .... · · •· - ··• · 63 - 70 69½- ';'0 69 - 76¾ 70 - 78 ... National Steel. ....... .. 40 - 46½ 45½- 53½ 41 - 47¾ 33 - 4.6½ 27¾- 3! 23½- 28 23½- 27¾ 2l - 31 20 - 30½ 23 - 27 28¾- 38¾ 33 - 43 Pref ... . .... ............ 92 - 9! 94 - 87 93¾- 97 88¾- 95¾ 85 - 89¾ 79!►.t- 87½ 83¼- 85¼ 83¾- 86 82!1(- 86 82 - 88½ 87½- 93~ 91½- 96 .... . ... .. . 51 - 53¾ 4.8¾- 54¼ 4.3 - 50½ 40%- 45 4.3 - 46½ 44¾- 47¾ 44¼- 47 45¾- 55~ 58¼ - 6l¾ 60 - 6ij7 National Tube .......... .. .. Pref ...... .......... . ..... . .... - .... . ... .. . 91½- 92¾ 90 - 92¼ 86¾- 80½ 87¼- 90¾ 88 - 90½ 89¾- 93 91¾- 94.J.s 92%- 98:Ja 88!,:f-105 103 -1(•5 New York A tr B1·ake . . 125 -138 120 -134¼ 125 -137¾ 129 -130 115 -128 120)4-150 130 -142 130 -136½ 112 -132 118 -131 124¾-175 150 -172 North Am.-1·lcan Co .... .. t:-!¾- 15½ 14 - 15¼ 14¾- lb% 14.¼- 15% 14½- 15 14¾- 15% 14½- 15¾ 15 - 15¾ 14 - 15¼ 14¾- 16¾ 16 - 21 18¾- 22 0, & I, Nat. & Ill. Gn 8. ... - .. . .. - .... .... - . .. . .... 25 - 31% 26 - 26 - .... 25 - 25 . .. .. . .... .. .. ... - . . 24 - 24 Pacific lUail s. S ... ... . .. . 41 - 471,.,j 3 'i¾- 44¾ 35½- 88¾ 30 - 38 26½- 33¾ 25!1(- 28% 26¼- 83¾ 80 - 83¾ 27¾- 3~ 30 - 46¾ 40¼- 57 40¾- 49 Peoples' G.-L.& C., Ch. 100½-1•~ 97¾-109~ 92 -109 101 -111½ 96¾-104~ 93¾-101¾ 97 -1001>4 93¾-100¼ 82~- 03¾ 81¾- 06 93 -102¾ 86¾-110 Philadelphia Co. .... ... . . 74 - 7! .... - ... . .. .. - ... . .... .... .... - .... .... . .... - ... - ·•• · .. . - .... . .. - .... .... .... - ·• ·· Pressed Steel Var ....... 55¾- 5Q¾ 54½- 58¾ 48 - 54½ 4.6 - 54 42¾- 50 42 - 4.7¾ 41 - 4.5% 87!1(- 41 32½- 39~ 36 - 48 43 - 57 48¼- 52 .. ····· ··• ·•· .... 85½- 88¾ 86 - 88 83 - 86 79 - 84 76¾- 81 72 - 777Ai 73½- 76 71 - 7~ 70¾- 73½ 7t, - 82!,:f 81½- 89½ 81 - 85 Pref Pullman Co. (The) .. .... 187 -189% 186 -189% 183 -187 182 -188¾ 111 0 -185 176 -183 179 -183½ 182 -188 182 -187½ 185 -191 188 -199 199¾-204 Repub. Iron & Steel. .. 19¾- 24.J.s 22¼- 27~ 10¾- :L3½ 17 - 24.¼ lt - 16~ 8¾- 14½ 10¼- 13 9 - 18¼ 10 - 18¼ 11 - 15¼ 13 - 19¼ 15 - 17 Pref........................ 64¾- 68½ 67¼- 70¾ 65¼- 68!,:f 58¾- 66¾ 52 - 59 49%- 58¼ 53 - 58¼ 49 - 55 50)4- 55 51¾- 57¾ 56),.(- 659-,t 62½- 657 Silver Bullion Certs . . . 5'il½- 59½ - .... 60¾- 60¾ . .. ·•· · .... .. ... . .. - ... 62¾- 65 65¾- 65½ 64¾· 66 - .... .... - ... . ... .... - .... .... - .... ··•· - ... . 19½- 22¾ 19½- 19% 19 - 19% 18 - 18~ 17½- 18½ 19 - 26 23 - 24 Slo88-Sheffi.eld St'l & l . . .. - .. . .... Pref ........... ........... .... .... .... .... .. .. .... - . .. . ... - . .. 59!(- 63¼ 62¼- 65¾ 65 - 67 61¾- 67¼ 61 - 65 65¾- 71 68 - 70 Shand. Rope & Twine .. Shi- 10¾ 7¾- 9~ 4½- 8 5 5 - 7¾ 5 6¾- 7¾ 5½- 6 4½- 5¾ 4%- 6 4¾- 5¾ 5 - 5½ 5 - 7 Texas Pac. Land Trust 11½- 12¾ 12¾- 15¾ 13%- 15 14 - 14¾ 13½- 14 18¾- 14¾ 14½- 16¼ 15 - 15¼ 14½- 15 15¼- 16 16 - 17¼ 16 - 21 Third A venue .... ....... . 107 -185¼ 50¾-108 45¾-112 102¾-12!1 107 - 115¾ 108 -113½ 108½-112¾ lO'il -110¾ 108¾- 111½ 109 - 112 100 -115 113 -121 Twin City Rap. Tran .. . 66 - 68½ 64¾- 65¾ 64 - 66½ 63½- 66½ 62 - 64 62 - 63 61¾- 61¾ 62 - 62¾ .. .. .... 61½- 62 63¼- 67 66¾- 70 Pref ........... 186 -139 139 -139 188½--139 141 -142 141 -141 141¼ 141¼ .... .... - .... ... - . ... 140 -HO½ 14.1 -14.4 146 -14.6 U nion Bng & Paper ... . 21 - 24¾ 22 - 25 20½!- 22¾ 11½- 21 10 - 13 11¾- 15 10¾- 12~ ll)¾- 11~ 10¾- 13¾ 13 - 20)4 16¾- 18 11½- 18 Pref . ...... ················ 73¾- 76 75½- 77¾ 72¾- 75¾ 64 - 75 56¼- 65¼ 60%- 65 66¾- 7i¾ 70 - 77 64¼· 66¼ 63½- 67¼ 62½- 67 63 - 65 U.S. Flour l't1illin1r ...... ... - ... . .... - . ... .... - . ... .. - ... ., ¾- ½ . ... - . .. ¾- ½ ¾¾ ... - .... .... - .. . ... - ··· · • .. Pref........................ .. .. - .... 12½- 13½ 4 - 6 ... . - . .. . .... - .... .... - .... ... .... - . ... .... - .... .. . 1½- 1¾ .... . ... .... V. S. Leather .... ......... 15¾- 19 10¾- 17% 10¾- 14¾ 10%- 14¾ 10½- 13¾ 7¾- 11¾ B½- 12¾ 10 - 11¾ 9 - 11½ 9¾- 12¾ 11¼- 17¼ 12¾- 15 Pref............. . ........... 72½- 77 70 - 77 71 - 74½ 69 - 74¾ 67 - 71¾ 65 - 70½ 66¼- 69¼ 68¼- 69 65½· 71¼ 67¾- 72¾ 70½- 7814 74¼- 7 U.S. Rubber Co ..... ~ ... 86 - 44 30 - 311¼ 25¾- 34 30½- 36¾ 27 - 30½ 24½- 28¾ 21 · - 28~ 26 - 31¾ 27½- 81¾ 28¼- 34½ 28 - 39% 24¼- 301. Pref ........ ............... 99 -104¾ 90 -102 92¾- 98 96 -100½ 92 - 96½ 92 - 95 92 - 96 94 - 86¾ 91¾- 95 94'¼- 98¼ 84 - 99~ 74½- 88 183 -185 ... W nirner Pal nee Car . .. .... . ... - .. - .... . .. - . ... . . .. - .... . . - . ... - .. . ... - . .. .. Western Union Tel'a:h .. 85 - 88½ 80~- 87¼ 81¾- 84¾ 80¾- 84¼ 7P¾- R2 77¼- 80¾ 78¾- 80¾ 7P¼- 81¾ 77¾- 80¼ 78¼ · 82 80¼ 81\¾ 817/4- R ... - - .... - .... - - ... - - - .... .... - .... - - .... - . - .... - - .... .... ... - ... . - .... .. - ... - .... - .... ... - .. - . - - - ::::i.~.~ - . - - .... .. .... - - - .... - - ... - .... ... - - - - - - .... .... - - - - .... - .... - - .... ... - .... .... .. - . .... - .... - ~ .... - ... - . ... - . .... - - ... - - ······ - .... .... - -. - - - ... - - ············ . - - 1901. STOCKS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 31!lPT'BER. OCTOBER NOV'BER. DEC'BEB. Low.High Low .High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.HighLow.Hhrh Low.High ------ - - --- - - - - - - - - - - - - - - - - - - -· - - - -~ - - - - -·- RAILROADS. 25 - 2~ 24 - 25½ 25¼- 25¾ 22¾- 221>i 22¾- 25½ 25 - 34 32 - 34 Ann Arbor..... ............. 22 - 22 20 - 20 25 - 27 26¼- 30 22¾- 25 62 - 66 52 - 5e½ 55 - 65 52 ·- 52 50 - M 57 - 57~ 53 - 55 52½- 5P 59 - 64 Pref................ .... ... . 56¾- 58½ 55¾- 58 56 - 63 77¾- 85¾ 74~- 80% 74%- 80 67¾- 89¾ 69½- 80¾ 71 - 80 Atchison Top. & S. Fe .. 42¾- 41)¾ 49¼- 58¼ 54M- 63¾ 61¾- 78,½ !l3 - 90¼ 84¾- 91 96¾-102% 96¾-103¾ 97½ 94 98¾ 93 99¾ 92 80¾-105:¼; 106¾ 101-108 70 -104¾ 9l 96 87¾90 87¾90¾ 82¼. ..... ........ ........... Pret Bait, & O. Tot. tr. ctt.. . 81¾- 94 b87½- 83¾ 87¾- 95¾ 80%-106¾ Si -113 H~-112¾ 92 - 108¾ 94 -105.½ 97 -105 98¼-107 104¾-110 99¼-107½ 90¼- 94% 82 - 94¼ 91¾- 94¾ 93 - 94¼ 94 - 96 94¾- 96¾ 94¼- 97 90 - 93½ 85 - 95 Pref. vot. tr. ctf. ....... 84¾- 90 b83¾- 88¼ 84¼- 9! ¼- 1½ Riaihts. . ....•. .... ...... ... - ........ - . . . .. .. - ........ - ... . . .. - . ....... - . ... .... - ........ - ........ - ... . .... •· ........ - .• •. 90 - 92 90¾- 96 94' - 98¼ 98¾ 122 111 .t-122 93 - 94 86½- 85 82¼- 87 78¼- 84 Buff. Roch. & Pltt■b.... 82½- 85 81 - 81 77 - 81 Pref ........ ....... ........ 12!½-125 120 -1£2¼ 116 -121 121¾-12t 121 -125 123 ..128½ 124 -125 123¾-125 125 -125 125 -126 127 -146 1140 -148 Burl. C. Rap. & North .. 128 -132 120 -120 125 -135 134½-IS~ 134¼-135~ .... - .. . 133 -133 .... - .... 133 -136 .. .. - . .. . . .. - .... 134 -134 99 - 108¾ 107 -113½ 107½-115½ 107 -112 110¼-115~ lll¾-115¾ 87 -117½ 102¾-108 92%-101 88¾- 91¾ 90 - 90¼ 88¾- 95 Canadian Pacific. . . Canada Southern ... .... 54¼- 59 56½- 59½ 56¾- 65½ 61¾- 78½ 64 - 76½ 69¾- 7~ 66 - 69½ 66½- 71 66¼- 89 79 - 84¾ 81¾- 89 83 - 87M Central ot New Jersey . 145~-160 152 -156¼ tU -156¼ 155 -160 155 -164 160 -167 155 -165 157 -165 160 -165 160¾-176½172 -185 178 -196¾ 42¼- 47% 4S - 47¾ 46!4- 49¾ 44¾- t9 46 - 4.9¾ 29 - 52% 47¼- 52½ 41 - 48~ 43 - 48 Che•apeake & Ohio ..... 36½ · 42¾ 3:,%- 42¾ 39¾- 4.9 Chica1ro & Alton... ...... 36¾- 41½ 38¼- 40½ 38¼- 4.3¾ 41¾- 60,½ 27 - 49¾ 4.3 - 49 84½- 45¾ 36 - 41¾ 36 - 40¾ 35 - 38 35¾- 38¼ 32 - 36¼ 74¾- 791).t 75¾- 78¾ 76¼- 79¾ 7~- 78¼ 76"- 78½ 75¾- 78 78 - 82 Pref.................. .... 72½- 7~ 74 - 75½ 74¼- 78 76 - 82¼ 72¾- 8~ Chic. Burl. & Quincy ... 138!4-148½ b188¾-48¼ 143¼-17d.½ 172¾·189¾ 178 -198¾ c196 -197 c193¾-198 ... - ....... - ....... - •••. c195 -195 •••• - •••• Chic. & Ea•t'n Illinois. 91 - 95¾ 94 -111½ 106 -118¾ 114 -135¾ 113 -132 126 -133¾ 121!4-131 120¼-128% 125 -131¾ 126 -129 127 -140 lS!l~-139 Pref .................... ... 120½-124 125 -134 t29lJ(-135 133½-136 130 -134 134¼-1341,( ... - ... 131 -133¼133 -133 135 -136 .••• - ........ - •••• 20¾- 23¾ 22 - 25~ 21¾- 26¾ 24¾- 27 :.:2¼- 24% Chicaaio Great West .... 16 - 18¾ 18¼- 21¾ l&~- 24¼ 22¼- 26¾ 17¼- 25¾ 22¾- 26½ 20%- 25 4 per cent debenture.. 91¾- 92% 92 - 93% 92 - 9i!)a 92 - 93½ 92 - 93¼ 93¾- 94½ 90 - 90½ 90 - 92 91 - 91 92½- 93½ 92½- 93½ 81 - 92¾ 81Xr 85 85 - 86¾ 84¾- 89¾ 87 - 90½ 85½- 88 80¾- 90J.t, 81 - 86 ~ p. c. pref., A......... . . 77 - 80¾ 78¾- 85¾ 79!1(- 84¼ E-2 - 84¼ 75 - 84 45¾- 48¾ 46 - 50% 42 - 51½ 46 - 50% 41 - 49 4 P• c. pref., B .... ...... 42 - 45¾ 45 - 54 4.4%- 56 49 - 54¾ 42 - 53 47 - 54 44 - 52 Chic. Ind. & Louin . . . . 23 - 30 27 - 85 31 - 40¼ 85¾- 39½ 23 - 40 85¾- 4.0~ 30¼- 37¼ 32 - 39¾ 88 - 44½ 38¾- 42¼ 40!,(- 50¼ 45¼- 52% Pret." .............. . ....... 5$i- 70 65¼- 71.½ 69¾- 74 70 - 75¾ 65 - 74 'i2 - 74¼ 68 - 71½ 67~- 73½ 71 - 77¾ 71¼- 73 71¾- 76½ 78¾- 76% Obie. Mllw. & St. Paul .. 142¼-162 147¼-155~ 1471,(-15~ 151!4-175 134 -188 163}4-185~ 151¾-177¾ 155 -168¾ 154¼-168¾ 154!4-171:½ 167¾-174.¾ 1573'-169 Pref ....................... . 187¾-195¾ 190 -192~ 184¾-195 185¾-19~ 175 -200 185~11-5 183 -188½ 182¼-191¾185 -190 184 -192¾188 -191M185½-190¾ . ... - ........ - ........ - ........ - ........ - . .. . .... - ....... . - ... . . ... - ........ - .. . . 4¼- 4¾ • 5 - 5¾ .. Rlarhts.. .. .... . ... ..... . II E.1: dividend and rights; ri~hts sold in l<'ebruary at 8¾ to 4¼. c Tru .. t receipts. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 116 RAILROAD STOCKS. 1901 ~-STOCKS. , ) JANUARY FEBR'RY, --- MARCH. APRIL. ---- - - - - - - - - (;ontinued. MAY. JUNE, OCTOBER. NOV'BER. DEC'BER. AUGUST. 8EPT'BER. JULY, - - - - - - - - - - - - - - - - - - - - - - ----.---·- Low.IIIJ,?h Low.Iligh Low.High Low.Hiirh Low.High Low.High T,ow.Higb Low.HiJ.?hLow.lli!!"hLow.HiJ.?hLow.Hlgh Low High 190 -215 198 -208 188 -203 L87 -199~ 190¼-200 190¼-212 ~07!,:(-213¼ 197 -2C9¾ 2H -233 212 -226 215 -225 215 -221 ll3 -213 212 -241¼.:l35 -2U¾ 230 -235 125 -169% L5!}¾-1 75¼ 130 -158½ L35 -146¾135 -147 138 -144¾1'13 -149 U6 -155¾ .. . .. . - .. .. - . . .. 10¼- 11½ 6½- 11¼ . . . - • • . . . . . - . . . . - . . . . . .. - . . . . . . . - .... Rlsht ■ ....... .... .. .. . .. . . . . .. - ... - . . Chic. St. Paul M. & 0 .. l26 -137 l:!7 -127 12i"> -134 134¼-145 145 -145 140 -140 .... - .... L35 -135 140 -HO 135 -145 145 -14.6¾ LiO -H6 ... - .... ... - .... L95 -198 196 -196 . . - . . t80 -180 185 -201 .... - ... . 183 -185 L83 -183 185 -185 Pref ........ . . ... . .. . . . . . . 18H:f 185 19¼- 2i¾ 19¼- 21¼ 18¾- 21~ 15 _ It!¾ 18 - 23¾ li¾- 23 22 - 25 16 - 25 Chic. Term'I Transfe1·.. 10¼- 1: ¼ 13 - 15¼ 13¼- 18 16¾- 31 36½ 28¾39¾ 35¼41¾ 36¼44¼ 38 43 36¼46½ 35¾i6¾ 43 i9 39 57½ 40 i3¼ 35¾ 3·½ :i,t!,~ Pref.... . ......... . ... ...... 3:{ - 39f, 96 - 99¾ 86 - 92½ 88¾- 91¼ 89¼- 99¼ 93¼-100¼ 97 -101 83 - 89 73 - 86 •i f>¾ - 82¼ 80 - 90 75 - 79 Clev. ctn. Chic. & St.L. 73¾ 81 Pref............ . .. ....... 115¾ 119 Lltl -lli¾ ll8 -118¼ ll5¾-12L U8;J-i-119¾ 119¾ 119¾ 116 -118½ 117¼-117'.h L19 -119¼ ll8 -122 l'n¾-124 L20 -123 iO - 42½ ... _ .... 88 - 83½ ... - .... 32 - 33 .... - . . .. 35 - 35 3i½- 35 SL½- 37 23½- 35 CleT. Lor. & Wheel'g .. 2i¾ - 29 72½- 72½ 75 - 78 80 - 82 69¼- 73 - . .. . . . - . . . 67 - 74 U¾- 75¾ Pref........ ........... . ... 613 - 70¼ 69 - 77½ nx;- 76½ 74 - 75 . . - .... 193 -193 . . ... . ... -189 L89 .... ... . -190 189 -195 195 ... . .. 191¼-191¼ ... ... . Cleve. & Pittsb. guar .. . .. - . . 14¼- 16½ 12 - 15¼ 12¾- 15% 12¾- 1-½ 1.3 - 14¾ 13¾- 15¾ 13¼- 15).s 9½- 17 6¾- 8¼ 7¼- 11¾ 8 - 12½ 10¾- 18 Colorado & Southern.. 49¾- 58¼ 53 - 5,¾ 52½- 54½ 53¾- 59:.¼ t5½- 60 50¾- 53~ 48 - 53 42½- 49¼ i5½- 56½ 42¼- 65 let pref.... .............. 40 - 41¼ 40 - 46 2i¼- 2S¼ 24!,-.(- ~8¼ 23½- 2il-1! 23 - 25 17¼- 21¾ 18¼- 24¼ 20 - 28~~ 1~ - 26½ 22)(- 24¼ 20,t.- 24¼ 2L - 27 16½- 18 . ... .... ~d pref... Delaware & Hud ■ on ... 126½-162¼ L51 -174¾ H2 -174!14 171 -185.½ 105 -180¾ 164 -170 LM -168 L57 -170 1511 -169 t60%-li3~ 168%-176½ L6'l._;:178 -249 210- -258 t32 -2!0 !20 -228 t17 -231 :!20 -236 2l8 -242¾ 33 ! · "l00½-244 -224 214 -2l0 192 .½ -19 194 Del. Lack. & Western .. lSS¼-20~ Denver & Rio Grande. 29½- 33¾ 32¾- 42½ 37¾- 49½ 4'!¼ · 47¼ 38½- 53½ 48¾- 53¾ 39 - 48¾ 40¼- 4.6½ 42 - 51½ 42¼- 45¾ H - 47¼ 41¼- i6 93),l- 98¼ ~9:J:1- 99½ 95¾ -lOS'A 87¾- 97¾ 8 ¼- 94¾ 90 - 07}\l 90:J:{- 93¼ 92 - ll6!HJ 91¾- 96 Pref.... . ............... . . . 80 - 85½ t3¼- 89i,; 87¼-100 _ .. . . . • . _ .. .. _ .. • . . . . . _ • . . . . . _ . . . . . . . . _ .. . . . . ¾- ½ .... _ .. . . . - . . . . . . .. - . . . . . . . - . . . . . . . - .. . . Rhrhta.. . . . . . .. .. . . . - .... ... - ... . - ... . .... •-_ .. .. . . . . - .... Pref. lntel'lm ctts ...... .... - ....... - ... , .. - ....... - .... IH¼- 92¼ 9!½- 99¾ 88 - 93 50 - 50 49 - 50½ 50 - 50 65 - 65 61:1 - 69 69 - 70 70 - 71 Denver & Southwe8t'n ... - . .. , . - . . . . ... - .. . . .. - . .. . . .. - . . . . - . . . . . . . . - . . . . . . - .... Pref"........ . . .. . . . . . .. . . . . . . - . . . . .. .. - .. . . . . - . . . . . . . - . . . . . . . . - . . . . . . . - . .. 69 - 69¼ .. .. - • • • • 65 - 65 37 - 43½ 38 - 43~ 40 - 42½ 36 - 40¼ 36¾- 39 34¼- 41 37 - 45 22¼- 28¼ 26¾- 36¼ 24 - 38 21 - 25 De■ Mo. & Ft. Dodlfe... 18 - 22 - ... . ... - . .. . .. - ........ - .... .. . - ... .. ... - ........ - .. . ... - .. . 130 -130 135 -135 Pref................ . ...... . .. - . . . 121 -123 - ... ... - ....... - ... . .. - .... 15¼- 16¼ 14¼'- 17 Det. So., vot. tr. cth, -· .... - ... . .. - ....... - ... . ... - ... . .. - . ... ... - ... - 40% 36 40 39¼. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Pref. votinir tr. ctfl!I.. .. . .. . - . . . . . . . - . . . . . . - . . . . . . 9¾- 10¾ 10 - 12# 11 - 12¾ 11 - 12 6¾- 12¼ 10 - 12¼ 8¼- 11¾ 9 - 11 6 - 7 4¼- 6¾ 6 - 8 Duluth So. Sh. & Atl. .. 5 - 5 15¼- 20¾ 17 - 20¾ 18¼- 22½ 19½- 22¼ 20¼- 21¼ 171}.(- 20 15 - 17¾ 15¾- 21¾ 18%- 22 l ~ - 15.11, 13¾- 16¼ 14¾- 19 Pref........ ..... ......... 24¾- SL 27 - 30}1. 2i¼- 37¼ 35¾- 43¾ 2!½ · 42;¾ 40¾- 45¼ 34 - i391; 35¼- U½ 3~¾- 44¾ 38¾- 44 H - 43¾ 38 - 43¾ Erle........................ 63 - 72¾ 67 - 72¾ 67¾- 70¾ 70 - 73¼ 69½- 75 let pref................ .. 59¾- 69¼ 62¾- 68¾ 63½- 70x 6i¾- 72½ 60 - 72¼ l9¼- 73¼ 63¾- 73 ~d pref................... 39¼- 4 j¼ 40¼- 46 42 - 6L 55 - 60½ 46¼- 59½ 55½- 59 47 - 58¾ 48 - 59 53 - 59¾ 52¾- 57½ 5J - 60¾ 53¾- 62¾ 58 . - 63><£ 55 - 62 50~- 58:k, 57!,:(- 66¼ 58 - 65 52 - 62 49 - 63½ 55 - 61 Evansville & T. Haute. H - 44n. 41 - 5;;~ .50 - 58 54½- 68 83½- 83½ 82 - 84 . -~ - ... . 92 - 92 . . . . - . . . . 89 - 88 89'¼- 94 ... 92 - 95 Pref _. ...... . .. . . . . . .. .. . . . . 81 - 81½ 81 - 90 88 - 90 ... - ... . 27 - 29½ 27¼- 27~ ~6 - SO¼ 22 - 31)1 29 - 30¾ 27 - 28¾ 28¼- SO Ft. Worth & Den, City 17 - 17¼ ... - .... 19 - 31½ 29 - 36 ... - ... . . ... - .. .. 27 - 29 . ... - ....... - .... .. - .... . ... - ....... - ... . .... - .... 25½- 29 Ft. Worth & Rio Gr ... . 25 - 26 -189½ 183 -196:1::( 192½-202½ 181 -192 179 -188 173 -188 li2 L84¼-187 Great Northern, pret.. . L88 -20u 189 -1911{ 194 -208 179 -203½ 167¼-191.½ - ........ - •• ... . . • . . . .. . ... . .... .... .... ... . . . • .. 26¼ 22½25 24 . . . . .. . . . .. ... . .. . Rl1rht11 .. . .. ... .. .. .. . . . . .. - . . . . ... - ... . .. - ....... - ••..... - . .. ..... - ... ... .. - .... . ... - ... . 59 - 59½ 57¼- 58 50 - 5J Green Bay & Weste1•1J . 52 - 53 . . - .... 66¼- 67½ .... - •.. . _,. - . .. . . ... - • .. . .. - .... . ... - ... .. ... _ ... 65 - 66 66 - 67¾ d7 - 67 Deben. certo., Ser. A .. 65 - 67 9¼ 8 - 9½ 8 10 - 1~ 8½- Bh 9 - 9½ 8¼- 9½ 8 - 9 9 - 11½ 10 - 11 Deb en. certs., 8er. B . 7½- 8% 8 - 10¼ 8¾- 10 51¾- 56¼ 56 - 64½ 60½- 75½ 48¾- 53¼ 49!,£- 55 Hockin~ yalley . .. . .. . 41 - 45½ i3¾- 49'¼ 47½- 55¾ i9 - 55½ 40½- 57 53¼- 55¾ 49 - 5! O¼- 88½ 82 76¼77 73¾7d'2 73 76¾ 'i3¼76¾ 73 79.l;i 76¼80 70 76'¼ 7"77½ 73!,476 Pref ..... :................. 69~- 72½ 71 llllnoll!I Central. ......... . L28¼-136 L27¾-13! 130 -139½ 188¼-146½ 12! -149¼" 142 -154¾ 145 -154¾ 141><£-148 lU¾-147¾ al38¾-47¾ 188 -HZ¾ L36 -HO¼ - . . . . . .. - ........ - . . . . . .. - ... . _.. - ... . .... - . . . . .. - .. . . Leaeed line, 4 p, c. . .. 105 -105 104 -104 LOO -106 105 -106 106 -106 2!H;- 8~ 2%- 2% ...• - .... .... - . .. . . .. - ... . ... - •... . •• - .. . .... - ....... - .. . 7¼- 8¼ . .. -- .. .. - ... Rlshts...... ............. .. 77¼- 80 . . - .. . . . . - . . . . .. - .. . . . . . - . . . . . .. - . . . . .. - ... .. ... lnd'a Illlnola & Iowa .. .. .. - .. .. .... - .. . . .. - . . . . . .. - .. 35¾- 42¼ 38 - 42¼ 39½- 41¾ 34¼- 33¾ 30 - 35¼ 23½- 36½ 34¼- 43¾ 33 - 42½ 36 - 41 25½- 27¾ 26 - 35 Iowa Central...... . ...... 21 - 28 70 - 75¼ 76 - 79 70 - 87½ 71 - 77¾ 70 - 81¼ 73 - 80 59¼- M¼ 53 - 63¼ 62 - 82 53 - 64 32¼- 56 Pref ... ................... .. 48 - 54 31 - 34¾ 33 - 36¼ 33 - 40 31 - 36 33 - 35,~ 31 - 35 28¾- 41 25½- 2;) 24 - 27½ 25 - 29¾ 25 - 27 Kanawha & Michigan. 21 - 28 . . - ... . . .. - .... . . . - ... ... . - ... . 73¾- 79¼ 77½- 81¼ K.C.F.S.&M. t.ct-fe.pf . .. . - ........ - ....... - . . . . .. - ....... - ... . ... - . .. 20 - 21M 19 - 20½ 17 - 18 18¾- 23 19 - 20:J:l 19 - 20 20¼- 23 19¾- 2! 18¾- 20½ 18 - 25 16 - 19 So., vot. tr. ctfs. .. 13½- 17 K. - i2¾ iO - 42½ 39 - 43¼ 36¼- 39¼ 41 - i6~ 42¾- i6¾ 38 i6 i3!,(4',¾ 41 42 - 49 Pref., Tot. trust cats. .. 35 - iO¾ 38¼- 42 39½ · 45 ·-· - .... 7½- 16½ 15 - 18½ 15½- 17x 15 - 10 8 - 8 Keok , & Des Moines... . 5¾- 6½ 6 - 10½ 8 - 9½ 8¼- 9;¼ 8 - 10½ 9 - 9 40 - 40 40 - 40 35 - 35 . ... - ... 32¼- 32¼ .... - .... 38 - i5½ it - 44 36 - 36 3!½- 34 24¼- 33 Pref .. ... ...... . ... __ .. .. 2! - 26 .. - . . . . 8 - 8 . .. . - . .. . . ... _ .. .. 9 - 10 . .. . - .. . . . . . - .. . . 9 - 11 8 - 8¼ 8 - 9il1 . . . . - .. . Klnarston & Pembroke. 13 - 14 . ,. _ . .. . . . . . - . . . . . , - .. . . .. - . . . . .. . - . . . . . .. . . .. - . . . . . . . - .. . . . . . - . .. . . . - . . . . 45 - 50 let pref................... . . . . 511½- 74 62½- 71¾ 70 - 76½ 64½- 'i2½ 50¾- 67 LakeErle&Western .. . 39¾- 46¼ H - 45 51 - 63¾ 61 - 68½ 49 - 67 59 - 62~ 53¼- O! Pref ....................... . 108¼ lH 113 -114 113 -130 127¾-130 109 -127 124 -124 L17¾-120 L20 -129 123 -135½ 127 -lSS 129¾-13! l26 -126 . ...... - ... 275 -325 325 -355 .J47¼-852½ ... 233 -J35 .... - .... 230 -230 235 -235 l35 -240 250 -250 Lake Shore............... . es - 'i0½ 137 - Sox, 71:Jt- 74½ 70 - 741-fi 71 - 82½ ;s - 77 n - 78 73½- 76 6 - 70 69 - 78 rn¾- 90 Lonar bland.......... .. .. 67 - 70 99¾-106~ LOO -106¼ 101 -104¾ 103½-1091-fi 102¾-lH'½ ll9¾-111'2 76 -111 105¼ 111:1,;i 99½.-111 Louisville & Nashvllle . 84¾ - IH¼ 8;}¼- 93:)4 91¼-101 Manhattan ConsoL ..... 111 -1213½ 116 - 121½ ll7¾-1';9½ 126¾-131¾ 83 -129 ll7¾-12S>4 13¾-12!% Ll4¼-121¾ 113¼-125½ L17 -123¾122½-139½131¼ 145 21 - 25¼ 23 - 26½ 22 - 26¾ 22¼- 26¾ 21¾- 2! 28¼ 21 29¼ 25½30 19 l:5½ ~1½25¾ 17 19½ 14 16¼ 12¾Mexican Central . .... 8 - 13¾ 10½- 12¾ 8½- 10½ 8¾- 12¾ 12)4- 14¾ 13 - 15¼ 12½- 15}4 13¼- 15¼ M.e.Jt. National, ctfll. ... . 3¾- i¾ 4 - 6% 5¾- 9½ 'i¼- 15 - ..... ... - ........ - . . . . . . - .... . .. . - . ... L16 -140 L28 -180 Lrn -170 - ... lUlchl&ran Central ........ .... - . . . . ... - .... 107¼-107¼ Min neap. & St. Louts .. 6i¾- 71¾ 69¼- 76;14 75¼- 89½ 83¼- 87'¼ 80 -100 93 -109h, 101 -111¼ L06 -110 104½-109 LOi -111 106 -110 105 -lf 9¾ 112 -115 l l l -115½ 114 -117½ 115 -117!1:t 115¼-l:?4¼ 120 -122¾ 120 -122 112~ei-1t4)4 -114¼ 112 Pre(................ ...... 101¾-110 106 -109¾ !09 -11,1¾ 25 - 28¼ 28¼- 36¼ S&¼- 36¼ 19)4- 20!,ii 15 - 25¾ 2L - 27½ 21 - 2o¾ 23¼- 28½ 23¼- 28 18 - 20}\l 13¾- 21 Minn. St. P. & S. 8. M .. 18 - 21 7J¼- 9!;¾ 86 - 92½ 70 - 77¼ 72¼- 79 70 - 75 63¾- 7! 58 - 7i 52 - 63 50 - 51½ 49 - 55 Pret....... .... ...... .... . . 53 - 55¾ 51¾- 55 io. Kansas & Texas... 15 - 19¾ 18¾- 22¾ 19¾- 2.;½ 24¼- Sb~ 21 - 33¾ 29¼- 32¼ 24 - 3L;l-4 2i¾- 29¾ 25¾- 30¾ 24 - 27¾ 25¾- 27~ :!4½- 26¼ 50¼- 55~ 4G½ 53½ 53 48)457'7,i 51 5L - 64¾ 51 - 57'¼ 52%- 60½ 57 - 68¾ 37 - 67¾ 61¾- 66 50½- 61 Pret........ ......... ..... .. 43¾- 57 85 - 93¼ 87 -103¼ 100¼-110¼ 72 -116¾ 110½-124½ bll6¼-121J,, 94.¾-108¾ 94 -107¾ 92 - 9S¾ 97%-104¾ 100¾-10 :,½ Missouri PacUlc ......... . 61l - ~3 ¼· 2¼ .. - ........ - ...... . - ....... - ... . ... - ... . RlahtOJ .. .................. . ... - ........ - ....... - ... . .... - -•·· .... - ... . ... - ... . . . . .. - . • • . . . . - .. nioblle & Ohio.... . . .. . . . it - 69% 68¾- 80 79 - 79¾ . . . . - • • • . . .. . - . . . . . .. . - .. . . . . . . - . . . . . . . • - .. . . . . . - . . . . . .. • 83 - 61!4 .... - . ... . ... - ... . ... - ... . 82 - 83½ 83 - 85 82 - S3 78 - 82 80¼- 83 79 - 82 J.P.JJ.organ&Co.cts, .... - ........ - .. ... - ...• -197 195¼-195¾197 -195 195 ... . .. . ntorrl8 & Essex .......... . L91.½-192 193 -193:¼ 193½-197 196¾-197¼ .... - ... . 19!½-197 193½-193¾ ... - .... 75½- 75½ 78 - 82¾ ... - ... . .. - .... 75 - 75 Nashv. Chatt. & St. L. . . .. - . .. . . . . - ........ - ....... - ... . .. - .. . . 70 - 75 ~. Y. Cent. & Hod. Riv. 129¾-146% L42lj4-147 14:?¾-148 L46¼-164¼ LiO -170 154 -lUO HS -158¾ 14'H4-156!4149).a-160¾ 15i -159¾ 158¾ 174½ 160¾-1.l¼ 37 - 57'¼ 45¼- 54½ 48 - 54 47 - 51¾ 16 - 36¾ 29¼- 3i¼ ~ - iO¾ 36¾- 42 N. Y. Chic. &St. Louis . 17¾- 24.½ 19 - 22½ 19¾- 37% 31¾- 39 1•t pret. ;.- ................ 105 -109 LOO -102 97 -115 113¼-115 lH¼-114½ 110 -112 . .• - .... 112 -114 110 -120 115 -115½ 115¼--119 118¾-120 83.½- 98 88 - 9..!x, 86 - 89><£ 72 - 82½ 'ii¾- 82'¼ 75 - 95 66 - 78 50 - 76 2d p1•ef............ . . . . .. . . "-9 - 56½ 49½ · 51½ 47 - 76½ 09 - 79 .... - ... ... - .... ... . - ... . .. - ... . .... - ....... - ........ - .... 109 -409 New \"ork & Harlem.. . . . - . .. ... - ....... - .... 120 -4¼0 N, Y.Lack.&West . ... . L34.½-13tl,6139 -139 1::6 -136 L36 -137 .... - .... 135¼-135¾ ... - •... 137 -137 ... - . .. ... - ... . 136¾-136¾ . .. - . . .. !f • Y. N. Haven & Hartt. lll -21$¼ W6¼-211½ ;W8 -210½ ·J L1 -214½ 212 -215¾ 213 -217 ?U -215¼ 215 -216 211 -215¾ 211½-214 211¼ ·214 HO -214 N. Y. Ontario & West .. . 28¼- 35~ SO¼- 34¾ 30%- 37 33¾- 88¼ 24 - 40½ 34¾- 31l¾ 30 - 37¼ 31¼- 36¾ 31 - S'l:¾ 31%- 35¼ 33¾- 36:¼ 32¾- 35¾ 48.½- 57¼ 51 - 57¾ 53¼- 57¾ 56¾- 61¾ 52¾- 60% 47.½- 57¾ rn - 55¾ 45¼- 53 Norfolk & Western.. . .. 42 - 46¾ 44¾- 48 45¼- 52~ 49¾- 56 90 - 92¼ 90~ 92 89 - 90 89¼- 90 88½- 90 b8¾- 9071, 88 - 90 87 - 90 86 - 9'.l ........ 82½- Si.¼ 82 - 81¾ 83¼- 87 Pref.... ...... Chic. & Northwest ... . ... 168¼-177 170¼-175 172 -l&Xi 183 -2L2 Pref ....................... .. 215 -2~2¼ :H -217 207 -217 214 -2!8 Chic. R. I. & PacUlc .... . 116% 128¾ 121½-128¾ 122¼ 136 135¼-165 c. ., N .. rthern Pacific Ry,93¾-119½ L07 - d700 150 -150 L18 -118 .... - .... L22½-122½ .... - ....... - . .. . .. - ... . 81¼- 87½ 82½- 96 Voting trust receipts .. 77}4- 90 ll6 - 98¼ 95 - 93½ 95¼-108¾100¼-105¾ 99).s-101¾ 97)4'-113¾ 96 - 93¼ 95 - 98 86¼- 8&¾ 87 - 93~ 92 -102 Pref. volinir tru11t rec 84¼- 89 73 - 78 60 - 77 63 - 68¾ 62 - 69!-i, 60 - 65 63 - 70 61 - 73 59 - ll2 55 - 66 Pacific Coast Co.......... 57 - 61¾ 52 - 54¼ 52½- 59 OS - 95½ ... - ........ - •... {l8 -103 100 -103.½ ... - . .. . . .. - .... LOO -100 95¼- 93 1st prtii.... ... . .. ... . . 91 - 04¾ 89 - 89 93 - 93 - 80¾ 80 83 69¾71¼ 68 72 70 67¼- 70 70 - 70 63)4- 63¼ 68 - 75 64¾- 64:1,, 63 - 66¾ 65 - 73 ~d pref. .... . . .. . . . . . . . . 63 - 68 .t>eunl!lylvanla RU. ... . ... L42,(-153 L46l,i&-152 14'l¼-155¾ c152 -161½ L37 -158 U.8¾-151¾ 140 -15L¾ 141:J;!-148½ 140½-147½ L42¼-148¼ 144¾-152¼ 145 -152¼: ... - ....... - . . . .. - ....... - ....... - .. .. 8¾- 10¼ .. .. . .. . 8¼- 11¾ ~- 11 ltightl!I..................... .. - ... ... .. - . .. . . ... .... - . . .. . . - .. ...... - ... 14~-l:i2J4 L40 -151 146 ·~146 ... - .. . .. . - ... ..... - .. ..... _ .. .. .. Receipts................ . 38 - 41 41 - 4i 40¾- 46 2L¼- 29¾ 27 - 50 25 - 26 23 - 28¼ 27% 1!3 27%- 30 Peoria & Ea■ tern....... 14¼- 17½ 18 - 28½ 23 - 35 87¼- 94 83 - g_; 77½- 85 70)4- 70¾ 75 - 75 74)4- 75 . . . - . .. . 53 - 75 56.½- 61¼ 41 - 65 Pere Marquette......... 33¾- 43 82¼ 82¾. .. .. 85 85 .... ... - ........ 80 - 80 'i9 - 86 72.½- 78 74¾- U¾ 72)4- 74 74 - 75 Pref. ....................... 72 - 79 70 - 71 . ... - .. . 70 - 78~ 7!1. - 81 72 - 75 74¼- 75 'i5 - 80 67.½- 77 58 - 69½ 65¼- 72 57 - 61 Pitts. Clnn. Ch. & St.L 57 - 62 - .. . lOt¼-10;½ 10~-113'<90¾-101 100 -102 L02 -102 102 -102 98 -105 92 - 94¼ 94 - 99 91¼- 95 Pa·ef ...... ... .. .......... 83 - 9b .. _ 11<2 -Ula - .... lAAl.,,-lllO .. - .. . . .. Pl•ts. Ft.W.&Cb .. a-11 . . 11 Ex dividend and rights . cEx righL•. a Stuck "cor~er.d," sales were 1Lade for ca~h ' May 9, as b111:h as LOO. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - -•4-•--~.-.J.i:!5:.~Sf~ ·-: ~?·:'~ RAILROAD A D MISCELLA EOUS STOCKS. 11?" J901-Con1inucd. STOCKS. JANUARY FEBR'RY . MARCH. APRlL. Low. Hill°ll T,ow.Hlgb Low.IIiiz-h Low.Ilill Readinar vot. tr. certs . 1st pref. vot. tr. ce1·ts. 2d pref. vot. tr. cert8. Rens8elner&So.ro.toa-o. Rio G1·ande U ' e8tern.. Pref............ . .. . .. . .... Rome Wo.t. & Oa-den8b, Rutland, pref. .. ......... St. J 08. & Gr. lelandVotlna- trust ctfs....... 1 t pref. vot. n·. ctfs. . 2d pref. vot. t-. ctf,o .. . . t. Lo.w. & Adirondacl, -.ot. L. & • F. v. tr. ctf8. 1st p1·ef. vot. tr, ctfs ~d pref. vot, tr. ctfs... Rla-hts............. ... t. Louis Soutbwest'n. Pref. ... ..... .. ...... .... Southern vot, tr. ctf8 . .. Pref. " •• outhern Pacific Co.... Texo.s & Po.clflc.. ..... Toi. Peoria & W e8t' n . Toi.St. Louis & West . . . Pref........................ Colon Pacific Rail10a11... Pt•ef ................... ... . Riliht8 ....... ...... . . . .... . t ·n. . J. RR. & Canal. Wabo.8h ................... . Pref...................... Wheel. & L, Erie, new ht pref... ................ 2d pref..................... Wl8con8ln Cent'I, new. P1•ef............ ........... . 24½- 36 29¾- 35 68~- 77 70 - 77 38 - 47¾ 39¾- 46 - .. . ... - ... .. . . - . . . . 65 - 70 .. .. - .... 93 - 94% 135 -135 ..• - ... . . . .. - . . . . .. - ... . 7¾- 8~ 8 59¾20 - 21 20½57 .- 61½ 61¾21½- 30½ 30¾79 - 81 80½53¼- 59½ 59 58 - 6~ .... - ... 17 41½18 67¾40¾23¾10 - .... . ... 78¼81¾- 14½ 73 30 70~~ 3S¼ 82% 65 .. . - . . . 24¼ ~3 - 27¾ 52% 51¼- 57½ 23 21¼- 24¾ 7!¼ 73¾- 78 49¼ 42¾- 49¾ 29½ 20¼- 31 10 . . . . - .. .. 10¾- 13½ . .. 30 - 34½ 88 81%- 97½ 85½ 83¼- 90¾ 14¾ 29¼ 12¼ 5ih, 30:it, 18 45¾ JPLY. AUGUST. SEPT'BER OCTOBER NOV'BER DEC'BER. 29½- 36¼ 34½- ~½ 34 - 46;:{ 43¾- 48½ 86.li- 4.7 39 - 45~ 88¾- 45¾ 88¼- 43~ 42½- 52 45¾- 5 69¾- 76¼ 74¾· 78½ 65 - K ¼ 77 - 80¾ 73 - 79¾ 75¾-- 79¾ 73¾- Ti% 7i - 'i7~ 77¼- 81 73¼- 82¼ 40 - 51¾ 49¾- 57¼ 39 - 59¾ 5t¼- 58¾ 47¾- 57 49¾- 56:¼ 49),(- 56½ 48¾- 51% 53¾- 61¼ 55¾- 6a½ . .. - .. . ... - . . ..... - . . . .. - .... . . - ........ - ........ - .... 215 -215 .•.. - •.. 214 -21! 80 - 85 79 - 84 80 - 80 . .. . - .. . . . .. - . • . .. • • - • ... .. .. - .. .. . .. - . . . • • . - .. . . . . - ... . 95 -107 100¼-103 , 01 -103¼ 100¾-108 .... - ....... - ... . .... - . .. . .. - .... .. - ... . ... - ... . . ... - .... 140 -HO 140 -14CI 140 -140 L38½-138½ .... - ... . 137%-137% .... - ........ - . . . . ... - ... . .... - . .. . .. . - . . . ... - . . . . . - . . . . . . - . . . . ... - . . .. . .. - ........ - .. . 97 -112¾ .... - ... . 11¾- 13½ 10~,t- 1 4.½ 65¾- 71 68½- 75 24 - 31¾ 28 - 3!11}{: 67¼- H 70 75¾ 36 - 47% 88 - 50~ 82 - 88 82 - 86 M - 727A 65 - 74X 11 - 14¼ 65¾- 74 24 - 33¼ 6! - 77!,r_ 41 - 51~ 81 - 7 59 - 7 J .. . - . . . . .. .. - .. . . . . . 26 56¼23¼76% 42:1428 .. .. 12 32 86¼63¼ - 86½ 35 - 83h 65 29x 81¾ 46% 36)1? . .. 19 36 9!ll:I 63½ · 63 26½- 82% 78 - 87¾ H½- 57j;s 35%- 50:1-/. .. - .. . U¾- 19 30 - 37½ 89U-120 86½ 81½- 98 ¾- 1 . ... - .. . 16 50 20 76 29 27 .... 14 28 76 85 . . .. - 39 - 68½ - 34¾ - 88% - 57% - 52x. - .. . - 2511 - 39½ -138 - 99!,r_ - .. . .... - ... .. ... - .. .. ... - ... . ... - .. . . .. - ....... - .... . ... - .. . 11¼23¾11¾53½27¼14¼38½- JUNE. MAY. Low.Hte:J- Low.High Low.Hii;rb Low.High Low.High Low.Hiiz-h Low.Hillh Low,High 12%- 19½ 16¼27¾- 34¼ 28¼11¾· 15¼ 13¾58¼- 60 54¾28½- 3!l¾ 29¾17 - 19½ 18 42 - 45½ 42½- 21¾ 42½ 21¾ 60% 39 21% 48% 19 369(18¼55Xi34¼19 43¾- 21¾ 16½42x 24 20¾ 15½5 % 45 37 2!l 24}!. 15 4P¾ S9 - :25}~ 45}£ 19¼ 57 36 28J,i 48½ 13½- 15¾ 70 - 7 ½ 29 - 36 'iS - 75½ 45 - 54~ 83 - 89 69 - 'i6~ 8¾- 4½ 31¾- 36¾ 6; - 71 31%- 35¾ 85½- 88¼ l 5¼- 63% 41¼- 50½ . . .. - .. .. 21~- 24½ 35¼ · 39¾ l 05¼-ll5½ 89½- 92¾ .. - .. . 11¾- 15 66½- 76 27 - 85 70 -100 39~- 47 75 - 83~ 6-l '1- 7!!¼ ¼- 3% 26¼- 34¾ 56 - 66% 27¾ · 33¾ 81½- Si% 48 - 60% SJ - 46¾ . . .. - .. .. 19½- 22 32¼- 36 89½-110% 87 - 90½ . ... - .... . .. - ... . . . - . .. 21¼41½18 52 32 19%44½- 26 46¼ 22 59 33¾ 26 49 18¼32 16 50 27½19 39¼- 23 44 20% 55½ 32 25 47¼ 11 - 12½ 11¾- 12/k; 10 - 11½ 11 - 11½ 10 - 14¾ 65 - 08¾ 60 - 68 55 - 00 6'.) - O! 55 - G4½ 25 - 27 24 - 26½ 22 - 22¼ 20½- 22½ 17 - 27 99¾-117!4 ll4 -120¾ 120 -123½ 122 -130¼ 129¾·134 37¼- 47¾ 42 - 48xi 39½- 45¼ 4~ - 55 50¼- 56¼ 77 - Sl 79 - 82 'ii - 7J 78 - 82½ 80¼- E3½ 65½- 71½ 64¾· 71¾ 63½- 68 67 - 73¼ 69 - 74 . . .. - . . . . . . . - . . . . . .. - . . . . . - . .. . - .... 26½- 82~ 27 - 32 26 - 30¼ 26 - 30½ 26½- 28½ 58 - 64% 58¾- 63¼ 54½- 62 50~- 62 56¾- 61¾ 28 - S!l!/4 29%- 35¼ 31¼- 33¾ 31%- 35¼ 31¾- 34% 82¼- eS¾ 84 - ilO 84¾- 87½ 86%- 9!11}{. 90¾- 9Jx{ 51¾- 61¾ 53¼- 60~ 54¼- 61¼ 59¾- 62¾ 56½- 61¼ 37¾- 46¾ 39 - 45% 37½- 41½ 39 - 42½ 37¾- 41¾ . . . . - . . . . .. . . - . .. . . . . . - . . . .. _ .. .. . . . . - .... 2Cl - 22½ 20 - 24¾ 20 - 22¾ 19½- 21¾ 17¼- 19¾ 32½- 36 33 - 38½ 33¼- 87 33½- 86¾ 31¼- 35¾ 93!,a -104~ 92½-102¾ 94_¾-108 100¾-10~ 97 -103¾ 87½- 92¼ 86¼- 90 87 - 90 ES¾- 9!l¾ 87 - 90¼ . ... - ... .. ... - .... . . . - ....... - . . .. . .. - ... . 280 -282>1, ;7S -278 ... - ... . . . - .... . . - ... . l9'.{ - 23% 20¾- 23¾ 19 - 21J_. 20 - 22¾ 21¼- 2a 37 - 42¾ 37 - 42½ 35¾- 3.:;% 36¼- 41½ 39¾- 43¾ 17¾- 19½ 16 - 20½ 17 - 18 17~- 20 17¼- 18¾ 49 - 53¾ 46 - 53 48 - 50¼ 49½- 53% 4S¾- 52¼ 28½- 3£¾ 28½- "32¼ 28½- 29% 29¼- 32 28¾- 80½ 19!,a- 22~ 20 - 24 20 - 22½ 20¾- 22½ 19¼- 21% 40¾- 45½ 40 - 45½ !lO - 42½ 40%- 4:1 40 - 43 EXPRE~S. damf! ................. ..... 145 American . ................. . 169 (Jutted States ............. . 58 Wells, Fara-o & Co. . . . . 130 -155 155 -162 -Ull 173 -195 - IS9:l,f 5J¾- 59 -137½ 138 -139 t60 L82 57 140 -165 -205 - 80 -145 160 -165 196 -205 72¾-100 140 -150 165 184 79 142 99¾-128),(, l80 -180¼ 45¾- 54¼ 55¾-108¾ l27½-142½ 17¾- 20¼ . . . - . .. 99 -10! 90 -125 175 -185 37 - 5L!½ 85 -107 188 -188 15 - 20 . . .. - . .. .... - .. . . 70 - 72 27½- 33 8 - 8 2 - 5)4 10 - 12¾ 50 - 67 -187½ -200 - 89 -142 174 -175 197 -201 83 - 95 U2½-l60 170 l 6 85 150 -175 -200 - 90 -150 175 190 89 145 -175 -198 - 90 -160 180 190 91 l59 -185 185½-195 -192 1E8 -lll2 - 99 90 - 92 -170 160 -160 90 L95 90 170 -200 -210 - 95 -195 · 95 -202 200¼-205 89 - 98 1Y2 -199¾ COAL & MINING. Amalgamated Coppe1• . . American Coo.I.. .... . Ano.condo. Coppe1· .. . .. Colorado Fuel & Iron .. Pret ..... .................. Col. & H. Coo.I & Iron.. Consolldadon Coal..... Homestake Mlnlna-.. Dlo.rytand Coal, pref .... New Ventral Coal, new. Ontario Sliver Mlnlna-.. Qulcksllver Mlnlna-..... . Pret........ . .. . . . . .. . . .. . . . TenneHee Coal & Iron 83¾- 94¾ 87¾- 95 94.¼-103¾ . .. - .. 163 -163 ... - •.. . 40¾- 489t 4'3¼- 47¾ 45 - 49¾ 41¾- 56¾ 41¾- 51!,t_ 42¾- 56½ 120¾-122 117 -119 116 -128 14 - 18¾ _15 - 17x 15¾- 18~ 56¼- 56¾ . . . - • . . . 60 - 60 75 - 75 80 - 80 ... - .. .... - ... .. ... - .... .... - . . . . .. . - .. . 85 - 37 ... - .... 33 7 - 7½ 6¾- 7½ 8 .... - ....... - .. . 1 9 - 9 72 .••. - . .. . 7 52 - 66¾ 60¼- 67¾ 49¾- 33 32~- 32½ 10½ 9 - 10 1 1¼- 3 8 9 - 10'.¼, 62½ 62 - 69¾ 118).ij-130 109 -124¼ 110 -122¾ 88¾-120 8:3¾- 92¼ 72½- 89 60¼- 76¾ .... - ....... - .. . . .... - ... 176 -180½ .... ... - .... 180 -180 47 - 51½ 42 - 4E% 42½- 48J.t? 34' - 4i¼ 34 - 37¼ 30 - 35~ 28~,i- 32½ 98 -136½ 90 -116¼ 90 -100 92¾-104¼ 88½- 95¼ 91¼- 96 77 - 92½ .. . - .. . . 128 -135 - ... . L31 -131 130 -130 128½-130 125 -125 18¾- 25½ 17½- 23½ 19 - 21 16 - 20 12½- 17¾ 14 - 19¾ 14¼- 18'{ . .. - . . . .. • • - • . . 63 - 63 . . .. - .. . . . . . . - .. . . . . - . . . . 78 - 78 95 - 95 ... - .... l00¼-100½ 102½-lOi L03½-103~ ... .. . . .. 72¼- 75 .... - ... . ... - • . . . - ........ - ........ - .... 67½- 67¼ . ... - .... . . - ........ - .... 27 - 27¼ 26¼- 30 33 - 41 9'0 - 40 8½- 10 9¾- 10 8 - 9>11 10 - 13 10¾- 11¼ 10 - 10 8!,,(- S¾ 4 - 4% 4¼- 4¼ 3¼- 4 2¾- 4 3¾- 4¾ 4 - 4¾ S¼- 4¾ 9½- 12 . ... - . .. . 10 - 10 10 - 10 10 - 11½ 10½- 10½ 9¾- 9% 58 - 76¾ 55½ • 72½ 5S - 68¼ 59 - 68¾ 56½- 62¾ 59¼- 66¾ 58¾- 65 VARIOUS. Amer. Aa-ric, Chemical .... - .... 30 - 32½ so - 30 29 - 30 26¼ · 28½ ~9½- 35 30 - 31½ 29 - s~ 2!l - so 21 - 23 22 - 25 21½- 22 J'ret...... ... .. .. . ... . ... . . . . ... - .... 84½- 85¼ 83½- 83½ 80¼- 83½ 81 - 84¼ SJ - 91 89 - 90 89¾- ~o so - 81 81 - 85 81!-ti- 82 80 - 81¾ American Beet Sngo.r.. - ... 28 - 28 25 - 25 .... - .... 24'½- 27x 29 - SO 25 - 26 .... - ........ - .... . .. - ... 24 - 24 .. . - ... . Pref . . . . . . . . . . . . . . . . . . . .. .. 77 - 77½ .. . • - • .. . . . . - .. . . . .. . - .. . . . . . . - . . . . .. - 79 - 79 . .. . - . .. . .. . - .. . . . . . - . . . . . . . - .. . . . . . - ... . Amer. Bicycle. . . ........ . ... - . .. . .. - . .. 6 - 6¾ 6 - 8).Q 6 - '77/4 4½ · 5½ 4 - 5 3 - 4 1¾- 3% 2 - 3 3½- 3½ 1¼- 3 Pref............... . . .. .. . .. . - . .. . . .. - . . . . 26½- 28¾ 27¾- 35 31 - 34½ 21¼- 28.½! 20 - 25 20 - 20 10 - 15 10 - 14¾ 12 - 14 10 - 11 Amer. Car & Foundry . 19 - 23¾ 20¾- 23 20¾- 27½ 25½- 2i½ 20 - 29 28 - 35 27 - 33 27¾- 31% 28 - 31 23¾- 29 :Z5 - 30 28½- 31¾ Pref....................... 67 - 78½ 69%- 72¼ 71½- 82½ 78%- 83¼ 75½- 88 82~ - SS¼ 81¾- 89¼ 80 - 87½ 83 - 87¾ 78 - 83ljf. 80½ - 86 84¾ - 86¾ Amer. Cotton Oil Co ... . 26¾- 81½ 28 - 31 24 - 28¾ 25½- 30 24%- 2SJ... 27¼- 35½ 27¼- 3-l¼ 32¼- 35½ 29½ - 33½ 28 - Sll¾ 27 - 31 2 · %· 33¼ Pref ........ , ............. . 88 - 91¼ 87½- 89 86 - 86¾ E5 - 69½ 89 - 89½ 89¾- 90½ 87 - 91 91 - 91¼ 88 - 90½ 88 - 89 86 - 90 85 - 83 Amer. Di8t. Teleg1•0.ph. 84 - 34 35 - 37 36 - 36½ 35 - 36 35 - 40 . . . - . . . . 3!l - 3! . . . . - . . 33 - 36 32 - 38¼ 37 - 37 3 l¼- 36!4 Amer. Gro.ss Twine. . .. - .. . . ... - .. . . ... - ... . .... - ..... . .. - . .. . . .. - . .. . .. - . . . . .. - ... . ... - .. . .... - .... 42 - 45 SO¾- 41¾ American Ice Co .. . ...... 37¾- 41¼ 34¼- 87½ 36 - 41¾ ::is - 40j:,i. 30 - 39½ 33½- 36¼ 30 - 34¾ 30'½- 33¾ 26 - 31% 25¾- 29}1. 26¼- 2•% 25¾- 31¾ Pref............ .. .. . . . . . .. . 6S½- 70 67¾- 69 67¼- 77¾ 71¼- 74;¾ 68¾- 74½ 'i1 - 72}.j 08 - 71¾ 68 - 69¼ 66 - 70 62 - M>! 62 - 64~ 63 - 69¾ American Liu seed.. . ... 5¼- 7 6¼- S¾ 8 - 9¾ 7¼- 15¼ 12 - 20½ 13%- 28 24 - 30¼ 25 - 28 18 - 27 17 - 17~ 12%- 20 17¾- 17½ Pref........... . ...... .. .. . 31 - 37 32}.(- 37¾ 36 - 89¾ 32 - 41 37½- 55½ 42¾- 55¾ 55½- 66 60½- 65 40 - 64½ 45¼- 49 45 - 51 46 - 46 American Locomotive .... - ... .. ... - . .. .. .. - ... .. ... - .... .... - . ....... - . .. 2~ - 32½ 22½ - 27 23 - 27 24 - 27~ 24½ - 33¾ 29¾- :!3¼ Pi·et..... :........... . ...... .. . - ....... - ... . . .. - ........ - .. . ... - ... ... . - ... . f:5¼'- 89 83¾Si¾- 88¼ 83¾- Si¼ 84 - 91¼ 87¼- 90¾ American Maltin11:... . .. 4¾- 5¼ 4½- 5¾ 4~- 6¾ 5 - 6¾ 5 - 7¾ 6¾- 8 6)4- 7!):( 6 - 6¾ 6¼- 7¼ 6 - 6¼ 5¾- 6¼ 5¾- 5¾ Pref.... .... . . .. ... . . . .. 24½- 27½ 24 - 26 25 - 27¾ 24¾- 26 74 22:Vir 26¾ 25}4- 30 27 - 29:J:1 27¼- 28½ 24½ - 28½ 25 - 25~ 23¼- 25 22¼- 24 Am.Sh.Steeltr,rects .. .... - .... .... - ... . 36 - 45¾ 46¼- 49 .. .. - ... . ... - .. . . .... - ..•.... - ...... - ...... - . . . . ... -~ ....... - .. .. Pref. tr. rect8.. ..... . ... - . .. . . . . - .... 80~- 96 97½- 97½ ... - . .. . .. . - . .. .. .. - ... . . .. - . . . .. . - •... . .. - . .. . .. ... - .. .. Am. emelt'ir & Itefin'g .. 53½- 65½ 45%- 63¼ 52 - 5£¾ 53¼- 69 39¾- 61¾ 55¼- 59¼ 51 - 58 50 - 55¾ 43¾- 52½ 38½- 45 40¾- 471¼ 41¾- 46¾ Pret......... .... .. ...... . . . 95 -100 88 - 99¾ 91¾- 97 93½- 99 90 - 98 977,,t-104¾ 99¾ -104¼ !J9➔.(-102 96 -101 9!¾- 98 95½- ~9 95 - 97¼ American Snuff..... ..... .. . - . . .. . .. - ... 26 - 26 88 - 40¼ 30 - 32½ 35!4- 49½ .... - ........ - .. . 41½- 41½ .. - .. . . .. •• ... 39 - 40¼ Pref............... ......... . .... - . .. . .. . - . . . 74¼- 82¼ 7J - 80 76 - 80 79¾- 90 81 - 87¾ 85 - 89 86 - 89 83¼- 86 85.½- 86 85 - 89 Arner. Splrlt8 Mfir. .. . .. 2 - 2 ... - .. . 2½- 2½ .... - .. . . . .. - .. • . .. - .... .... - ........ - .... ... - ....... - ... . ... - . •. 2¼- 2¾ Amer. Steel Hoop ........ 23 - 33¾ 26¾- 37¾ S4)4-a46 i46 - 49 .... - ... . ..• - .. . . . .. - .. . . . .. - ....... - .... .... - ....... - .... . ... - ... . Pref....................... . 69 - 78 72½- 86 80).(-a96 u95 - 97½ . .. • - • . . . .. . - . . . . . . . . - .. . . .. • - .. .. . . • - .. . . . . . - . . . . . . - , • . . . . - ... . Am. Steel & Wire, nl•w 38 - 47½ 38 - 58½ 38 -a46½ ,,47 - 49½ ... - .... . ... - .. .. . .. - . . . .. .• - ....... - •.. . . ., - .. . . ... - .... .. . - ... . Pref............ ......... ... 83¾- 88,½ 88!,g-101½ 95-alll¾ all0¼-12½ ... - ....... - ........ - ........ - .... - . .. ... - ....... - ....... - ... . .\mer. Soirar Ref. Co .. . 131½-147¾ 133¼-144½ 188¼-14t¼ 139:}J(-152 135 -151¾ 140 -153 133½-145% 129 -141¾ 11120-136~ 112%-122 116 -127¼ 103¼-126~ Pret ........ ........ . ...... . 117_¾-119¼ 119¼-122 l20¼-124 l20M-124 120¾-128½ 120 -122¾ 120,½-130 124 - ~ 114 -125 114 -116½ 115 -117)4 lll -117)8 R1gbt1!1......... ... . . . - . . . . . . . . - . . . . . . . - . . . .. - . . . .. . - . . . . . . - .. . . . . - . . . . . .. . - . .. . 4¼- 6 2!4'.- 4¼ .. . - . . . . . . . - .... Pref, rlaht .. .. . ....... . ... - .... .... - .... . ... - .... . ... - .... .... - ... .. . - .. . . . .. - ........ - .... 2¾- 3¼ 2¼- ~ ... - ....... - . . Amer. Tel. & Co.hie Co, 9! - 96¾ 95 - 97 95 - 97 9il¼-100 97 -100 97 -100 98¾-100 100 -100 )9 -!00 97 - 99½ 96¼-100 95 , - 9; ½ A mer. Teleph. & Tel ea. . .. - .... ... . - ........ - ........ - ...... . . - _... . .. - . . .. .. . - ... . .... - ... 160¾,.-167¾ 158 -159~ l57¼-158¾ ,t!2 -rn:i . . ~ 1 Par '20 per share; prlceB are dollars per share--not per cent https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis c... '!'rust receipts. b Ex-rights. 118 ELLA..._ EOUS STOCK JANUARY Fl!:BR'RY . STOCKS. MARCH. APRIL. MA V. JUNlL. JULY. AUGUST. ~EPT'BER. OCTOBER. NOV'BER DEC'B~R. Low.Hiizb Low. Hhzb Low.Hlizh Low. H igh Low. Hiizh Low.Hhzl Low.High Low.High Low.High Low.Hilzh Low Hlgt, Low.High Amer. Tin Plate ......... 55 - 65¾ 56%- 79 61 -1174 % v;5 - fO ..•• - •...... - •••...• - ... . ... - .•..••• - .... . .. - ... . .. - .. . . . - ... . Pref.................... . ... 87 - 91¾ 88 -102 93½-vllS¾ 11111: ½-121 .. . . - ... . .. - ... . . . - ... . ..• - .... . ... - ... . ... - . . .... - ... . .. - •..• American Tobacco Co . . 110¾-117¾ 114¼-122¼ 119¼-12117~ 124¼-130% 99 -130½ 136 -lH 132½-141½ . ... - .... 132 -132 146½-146½135 -138 . ..• - . . .• Prrf... .... .... .. ........ 137 -143 140½-142~ 145 -147 146 -147 143 -147% 147 -149¾ 150 -150 145 -145 145 -1 !5 150 -1 50 146 -146 148¼-148¼ - .. . - . . . . 10(%-lOll¼ I00¼-100¼ Dividend scrip. . ........ . .. - .... 100¾-102 101 -103 l\ O -ll3 100 -110 l00¾-101 ½ 101 -101 . ... - . .. . .. . - . . . . . .. - .... t:~4 -139¼ 125 -137 130 -13'3¾ 131½-139 .... - . . . . . . - ... . ... - . .. . Morton Tr. Co , rects . .... - ... . .... - .. .. .... AmPrican Woolen Co .. . 16¼- 21% 17 - 20i)f 13¼ - 17¾ 15½- 17¾ 14 - 16 15 - li¾ 18 - 19¾ ltl½- 18 14½- 17½ 15 - 17 16½- 18½ 15¾- 17 7i%- 80!,-, 79 - 81 78½- 79 73¼- 75 78 - 82¾ 79 - 80 74 - 80 72 - 7i Pret .......... ··• •· · . . ...... 72 - 76% 73¼- 75 70 - 73½ 71 - 76 GO¼- 66¼ Brooklyn Rap. Trans 73½- 87¼ 72½- 81¼ 74 - 85% 80%- 88% 68½- !'.l'i¾ 77%- 83'½ 74¾- 82% 72¾- 77¾ 61½- 75½ 55%- 65½ 61%- n Brooklyn Union Gas .. . 175 -179 177¾ -186 185 -2<9 ·W7 -228 ~02 - 220 215 -218].( 208 - 219 215 -217 212 -216¾210 -210 09 -214 05 - 210 - 10¾ 10 11¾ 10½ 11 11 10);1 10 11½ 10 9½ 9½.ll~ 10¾12¼ 10 14½ 11¼¾ H 9 10¾ 9%10¼ Bruns. Dock & C.lmpt. 8¾- . . . . . - ... . .. - . .. . . . . - . . . . ... - . .. ... .• - ..• .. .•• - . . . Capital Traction... . . . 103¾-103~ ..• - ... . ...• - ... . .... - ... . . . ... - ••. . 16 - 18¼ 18 - 18~ ... - . . . . . . - ...• . • - . .. . . .. - . . . 14½- 2 1:J..; 18 - 20¼ 17 - 18 Chic. l;nion Traction... 12 - 12½ ... - . . . - ...• - . .. 55 - 60 59¼- 60 . . .. - . . . . . .. - ••...... - • ....... - ••..... Pref........... ................. - ... . .... - . . . .... - .... 70 -18'7 ... - ... .. ... - ... .. .. - ... . 183 -183 .. - ... 183 -183 Comme1·cio.l Co.hie ..... . .. . - .. . 168½-168½ . ... - ... . 173½-180 180 -1 80 !U¼-2!&0 ~25 213 ,¾-219:J;\ .m -229½215¾-226 217 -222~.( l0¼ t -226 218 -!!28 195 -238 212 -216¾ 192 191¾-195 -19~ 187 . .. . . . . . Go.s Consolidated . .. - ... . ... - . . . . .. - ... . .. . - . . Continental Tobacco. . 38~- 45½ 42¾- 48§s 44 - 47¾ 44 - 48% 43 - 6 ½ 66¾ - 711/. ... - . . . . . . . . . . - ...• - ... . .. - .. . 66½- 69½, 63;1:a- 69¼ 65 - ll9¼ 69)4- 69½ ... - . . . . ... Trust Co. receipts ... .... - ... . ... - .. . . .. Pref . . . ..... ... .... .. . . .. . 93¼- 96¾ 95¾- 93½ 08¾-lOF½ 103 -105 10~½-114 113 -124 115 -120 L16 -119½ 114¼-118 L14 -116 114¾-118 . 11 -116 28 - 23 .... = ·.:·. r_·_·_ - ..... . - ..... - ... 24 - 25 ~3~- 23½ CrucibJ.eSteelofAmer . .... - ... 25 - 27% 25¾- 26).fz 25½- ~7 25 - rn 84¼• 85¼ 84¾- 8!:}i 86 - 86¼ .. Pref......... .. ....... .. . .. - . . . 8 11(- 82½ 82 - 8! . . - .. . . .. . - . . . ..... - . . . . ..• - . . . . . . - . .. .. . 72½- 74 74 - 74 Detroit City Gas........ 88¾- 89 88 - 89\,! 86¾- O¼ 89)4- 91¾ 87½- 92 88¾- 89½ 75 - 75 .. - ... • 75 - 75 75 - 77 77 - 77 75¼ · 7i ¾ . ... - ... . .• - ... .. ..• - .... 82 - 82 Det• olt United Ry . ..... .... - ... . .... - . . . . . . . . . 140¾-145 144¾- 152½ 140 -152 12,½-135½ 13<'½i-137"J.!. L29 -136 .. Diamond Match.. .. . . . . . . .. - . .. .. .. - ........ - . . . . . .. - .... .. .. - . . . 8¼- 10½ 8 - 10¼ 7¾- 8¾ 7 - 8¼ 6%- 7¾ 7¾- Ox, 7 - 9¼ Di8till'1i Co. ot America . ... - ........ - . . ... ... - . . . . ... - . . . . ... - . . 26 - _20¾ 29 - 34>!! 20 - 33¾ 27%- 29¾ 23¼- 29 80½- SS¾ 27 - 32 ....... .... . . . ... - ... . .... - ... . ... - ... . . ... - . . . . .. Pref...... - ... . . .. - ... .. .• - .. . . .. - .... .. .. - ... . .. E11ihth Avenue.......... . .. - ... . ... - ... . 4(5 -4(5 395 -395 1 . . . . - ... . ... - • • • • • • - • • • • .. - • • • • • • .. - • • • • • • - ••• • Federal Steel.... . . . .. . . . n - 59 43 - 55¼ t2¾-v52~ v52%- 56 . . . . - . . . . .. . 8d - v1C'4½ 1:1103½-05½ . . .. - . . . . .. . - . . . . .. - . . . . . .. - .... . ... - . . . . . .. - ....... - . . .. . . . - ... 72%- 90 68 - 78 Pref....... .. . . .. . . .... 30 - 33 24¾- 25 . ... - ... . 29 - 29 -40 -101\!f- 30 - 48 · 3) - 35 93¼- 95 80 - 82~ 8 1½- 86¼ 88½- 95 Go.s & Elec. of Ber1i Cc,. 72 - 80 -219 215 -284 200 -233 231 -269h Z~5 -268~ 246½-268 :251 -267½ !47½-269¾:256 -28lh 271 -289:)(j tlO 190¼-218 183½-1921),t . . Electric..... General 37 - 54½ 39 - 42½ 37 - 40 5 -l¾ - 5i¾ 55 - 62 52%- 61 Glucose Sugn1· Refin'g . 47 - 53 45 - 50½ 4'.> - 50 49 - 60 49½- 65 5i½- 65 95 -104¼ 96 - 99 94 - 97 98 , -106 IQ0¾-105 l00~-103½ 101½-107 104 -105 Pref. ...... . ..... . .. . .. . ... . 95½- Oi¾ 94 - 96,½, 93¾- 96>11 96 -102 9,I J4- 99:J! .. . - ... . 100 -100 100 -100 ... - .... .. .. - . . . . ... - .. . . . . H. B. ClaOin Co ....... ... 109¼-112 no -110 . .. - . . . 105 -110 20½i- 25¾ 22 - 25¾ 19½- 24 10¼- 2111, JO - 21¼ lnternntlooal Paper .... 20 - 25¾ 20¾- 25½ 21 - 28 24 - 27½ 18¾- 25 22 - 2!h 20 - 23 75¾- 78~ 7,J.\ 75 71} 75 81¾ 77½so 75 77¾ 74:1479,½, 77¾79½ 72½s1 76½73 - 81 69 - 74¼ e9 - 74 Pref....... . ....... .... 6 - 7¾ 6¾- 6% 6½- 8% 7 ,; 9¼ 5¾- 7% 6 - 7¼ 6 - 6¼ 6½- 10¾ 5½- 8½ 6¾- 8 5¾- 8 International Silver... 7 - 11 ... - .... 38 - 43h 41½~ 51 .. - . .. 35 - 40 32½- 393,, 35 - 35 33¾- 24 - . . . . ... - . . . 34¾- 39¾ S3 - 39 Pref......................... 70 -100½ 95½-lOOx 82 - 96¼ 90 - !l6➔.I 93 - 98 81¾- 94½ 87 - 9:!~ 87¾- 81 7J - 85 International Powe,·.. . 54%- 50¾ 58 - 70 69~- 7! lnternat. Steam Pump 24¼- 28J',1i 25½- 30 27½- 33¾ 83 - 42 30½i- H¾ 39½- 4.1~ 36¾- 40 87 - 44½ 43¾- 46% 43 - 47 47 - 49 46 - 49 81¼- 86¼ 84 - 86¼ 85 - 89 85 - 88 83½- 8981 - 81 78 - t,2½ 81¼- 84 81¼- 8'.\ 7 ¾- 84 75½- 78 Pret.... ................... 74 - 77 - .. . ... - ... 16 - 16¼ .... - ....... - ..• Kntck. Ice (Chicaao).. 12 - 18 15 - 18 15 - 15 19 - 19 19 - 19¾ 20 - 29 ... - .. . ... - .. . . .. - .. . P1•ef .. : ......... ..... . .... . ... - ........ - ... . .. . - . .. 50¼- 52~., .... - .... 55 - 62½ 51 - 55¾ 65 - 57 .... - ....... 90 - 92½ 94 - 95 94 - 91 90 - 93 97¼- 95¾ 9) - 91 84½- 8> rn - 85 Laclede Go.s, St. Louis 70 - 72¾ 72 - 77 74 - 85 82 - 87 95¼ - 99 LOl -161 102 -102 102 -102 106½-106x . .. 99½- 99J.f! 99 - 99 95 - 97 100 -100 100 -100 100 -100 Pret............ .. ....... 12¼- 14 12¾· 12.½ 8 - 9 .. .. - .... 11½- 14¼ 17 - 20¾ 13 - 19 15 - 16 9 - 12½ 15 - 1!2 Manhattan Bench Co. . 8¼- 14¾ 10 - 10 ... - .... 181 -182½ ... - ... . ~ ... - . ... ...... . . . . . . . . . . . . . . . . . . .. .. Mergenth_ol.LinotJpe I - ... .. - ... I ltt:~::~:.·~~~~-~~~~~~-- 158%=17: 15-~¼=16~- l~.Q¾=l~~ 1~·!· =1~~~ l~~ =l~~~ l6~-%=177 ~~~ =1~~} 6-~ =l~~:: l~~ =1~~- 151¾=1~ .. L~~½=l~~ 15-~ =1~~~ Met. W. S. El. (Chic. ).. . 27 - 30 27 - 82J.t 8i - 36½ 34 - 36½ 32 - 34 35¼- 37 31 - 85~1 35½ - 3o½ 37¾- 40 40 - 40 39½- 41 SO - 41 . . . - .. . 91 - 91 90 - 00 91½ - 91½ 92!,i;- 93 Si - 91 89 - 92 85 - 85 85½- 88½ 87 - SS 79¾- 83¼ 80½- 84 Pref... ............. .LUil.Et.Ry.&Lt.,prel . .... - ... .. ... - ....... - .... 118 -118 118 -118 . ... - ... .. ... - . .. ... .. - .... . ... - . .. ... . - . ... . ... - .. . . . . - ... . .. . . .... - ... . ..• - ... . .. - ........ - ... . i95 -295 . ... - ....... Mutual Gas (N. Y.) ..... 295 -295 29i -294 ...• - ........ - ..... . .. National Biscuit........ . :J7 - 48 88 - 40½ 38½- 42 39 - 41 ¾ 39¼- 46 43½- 46 40½- 45½ 41 - 44~ 41¼- 44½ 41 - 43~ 41½- 43 42½- 45% 97 -100¼ 100 -103 100¾-103 L00¾-103~ 102 -102},, f\9 -102¼ 102 -103¾ 102½-103¾ 96 - 97 92 - 94½ 93 - 96 92 - 94 Pref............... .. . .. 18½1- 21¼ 18½- 21~ 15 - 18¼ 18½- 21 19 - 21 25x B - 23 Natlono.l Leo.d Co....... . 16!11S- 20~ 15.½- 19 15 - 16¼ 16¾- 19½ 15½- 23h 19 741}!- ~ I¾- 9¾ .. 87 - 90 - 89½ 83 - 93h ~7 - 90!,{ 90 - 90 81 85~ 83 88 83 Pref....................... . 82 - 92 82¼- 89➔.l 40 - 42½ 23 - 40½ 3i - 32 30¼- 81 40 - 43 41 - 4, 43½- 45 40 - 46 41½- 47 42¼- 50 40 - 44 40 - 46 National Sall........ ... 6t¼- 75½ 62 - 70 6~ - 62 75 - 78½ 76 - 78¼ 7!½ - 77¾ 75½- 77~ 75¾- 77 75 - 81 76%- 8! Prel . .. . . . .... ... .. ... . . 72½- 79 73),(- 77 Natlono.l Steel........ . . 37 - 44¾ 40¼- 50 43½-v57 v57 - 60,- .... - ........ - . . . . ... - . . . . . .. - ....... - ... . ... - •... . ..• - ....... - . . . • ... . ..... . . . 90 - 93½ 91½-102½ 99½-vllS½ vll7 -120 .... - . .. . ... - •. . . ... - . . . . . .. - •• . .. - . .. . .. - ... .. .. - ....... - ... . Pref . . . . . .. 51 - 70.½, 52 -v64¾ v65 - 69 .. .• - ... ... - •.. . .. - ... . ... - ... . ... - ... , .. - ........ - ... . .... - •·· National Tobe ......... . 63½- 70 - ...• - .... . .. - .. . . . . . - ........ - .... .. .. - • .•. ... - •.. .. ... . .l'ret...... . ... . .. . . .. . . . . . . 93 -106 99 -106½ 100 - t,115 v117 -121 New York Air Brake .. 150½-160 150~-i64 160 -164¾ 154 -175 135 -liO½ 142½-147½ 133 -14Z" 135 -149 140 -1491}.f 137 -144¾ 141) -159¾ 145 -162¼ Riahts......... ........... . .. - .......• - ... .. ... - ........ - .. . . 7 - 12½ ... - ... . .... - .... . ... - ....... - ... . ... - ........ - • .. . . . - .. .. .. . . .. . . - ........ - .. . . . . - . . ..... - .. . ... - ... . .. . - ... .... - ... . .. - .... .... - ... 1! - 15 :N. Y. Dock ................. .... - .... ... - . . . . . . . - . .. . . . . . - . . . . . . . - ........ - . . . . 44 - 47¼ . . ... - .... Pref .. ... .. . . .. . . . . . . . . . . . . . . - . . . . . . . . - . . . . .. . - . .. . . .. . - . . . . . . . :N. Y. & N. J. Teleph'nt> ... - . .. ... - ... .. .. - ... . ... - ... .. ... - . .. L73 -173 . ..• - ... . . .. - •.. . .. - ... . ... - ....... - ... . ... - .. .. .... . - ...... - . ... . .. - . . . . .. . - ... . ... - . . . North American Co.... . 19¼- 21¼ 20 - 25 .... - ......• - ........ - ... 92 -108¾ 97 -103¾ 90 -lO'J 91¾- 9~ 92½- 97:J:a 92 - 94, 89 -109 New stock............ .. . . .. - . . . 73½- 82½ 76 - 91 85 - 89½ 78 - 91 40 - 45¾ 43¾- 49½ 43 - 47½ 37¼- 43 38¾- 44 37.½- 44½ 36 - 42 Pacific Mo.II S.S......... 40 - 471,.4 38 - 46li? 83.½- 3~ 35!1,4- 42½ 30½- 41 Peoples' G.-L.& C., Ch . 95¾-ll6¾ 98 -104¼ 101 -108½ 107 -119,r 98!,g-119¼ 113½-120~ LU -111!¼ bl07¼-15½a104!1(-113 LOl¼-108 97¾-104½ 96¾-104¼ - .. ¾- 1¾ . . . . - . . . . . . . - .. ... . - . . . . . . . .. . . . . . - . . . . . . - . . . . . • - • . . . . . . . - . . . . . . . - . . . Rig h tiJ......... 16~ -104c . ... - ... . ... - ... . ... - ... . ... - ... . --~ - ... . Philadelphia Co ........ .. . ... - ... . 92¼- 92¾ 90¼- 94 92 - 95 . 92 -109 106 Pressed Steel Car...... . 85 - 52 85%- 89¾ 30 - 39¾ 89 - 46% 37½1- 46½ 43~- 46~ 40 - H¾ 40½- 43¾ 39 - 42¼ 37 - 41½ 41½- 45 38 - 42}.( 82 - 86% 82¾- St~ 78¾- €2% rn - 83 so - Si% 79 - 86 79 - 86½ 85 - 87 Pref . . .. . .. ...... ... . ... 76 - 83¾ 74¾- 7931 72¾- 83 80 - 89 Pullman Co. (The) ...... 195½-203 196¼-201¼ 198¾-210¾ ~09 -217 L9g -211 203 -212 204¼-209~ 204~-208¾205 -215 213 -225 213 -220 !11 -218% Repub. Iron & Steel... 127.,fr- 18½ 13¾- 17¼ 15¾- 19~ 18¾- 22½ 15 - 21¼ 19 - 2! 17 - 22¼ 18½- 21½ 11¾- 19~ 14¼- 15¾ 14¾- 16½ HM- ltl~ 66 - 70¼ 65¼- 69¾ 64 - 67 69¾- i6% 72 - 76½ 60½- 74 74½- 78 6i - 78 63 - 75¾ 7i½- 82 Pref. ....................... 55¾- 65½ 58 - ru 26¼- 31~ 26 - S2 25 - 31¾ 21½- 29½ 24½- 2s 18 - is . .. - ....... - . .. . 28 - 88¼ 29 - 34 Rubber Goods Mfar ... . . ... - ... . ... - .. 75 - 77 65 - 75 75½ 72 80 70¾79.½ 76½ 787,,11 76i-11.. - . .. . . .. - .. . . ... - . .. . . . - . . . 80 - 90 77¾- 83 t-'ref......... . .. . ...... . .. - .... . ..• - ...• . . - . . . . .. - ....... - • . . . . .. ... .. ... 69¾- 59¾ 60 - 60 . . .. 64½- 65½ ... . Sllve1· Bullion Certs.. Slos8-Shefileld St'I & J. 20 - 25¼ 19¾- 23 22½- 37 35 - 41¾ 32¼- 40¼ 35½- 39 3 3 - 3ii¾ 30¼- 33 30 - 31½ 30 - 30 30 - 31¾ 2 ½- 30½ Pref . ... ....... ....... .... 65¾- 69 67¾- 70½ 70½- 71l½ 78½- 86¾ 80¼- 83¼ 81 - 83;: 60 - 80¾ 80 - 80 so - 81 73 - 79 79 - 82½ 80 - 82 4¾- 4¾ i½- 5 4½- 5 4%- 6½ 4¼- 5 Sto.nd. Rope & Twine.. 3¾- 5¾ 8¾- 5¾ 3½- 4 1✓-; i¾- 5§& 4¾- 7½, 5½- 8.x, 6 - 8 33 - 38¾ 37¾- 88¾ 32 - 36½ 35 - 88½ 35 - 36¾ 30¾- 30}<_ 30 - 40 30 - 41 84¼- 42 29¼- S8 Texo.s Pac. Land Trust 19 - 21½ 20 - 31 -123 120 -121 118 tl7½-118 -121 119 -123 l21 -122 121 -121. 122 -125 117 -127 l:tl -123 Third Avenue ...... . ... . 118 -129½ 119 -128 119 OOJ.ii· 95¾ 92½-102¾ 98¼-105¼ 97 -101 100 -108¾ t05 -109% 83¾- 95 76¼ 71 - 85 Twin !Jlty Rnp. Tran... 65¾- 71½ 67¾- 71 69½- 76¼ 74 ... - .... 158 -160 158 -159½ - . . . . . .• - •. .. HS -148 U7 -149 150 -157 Pt•ef........... . . ..... . . . . 147¼-147¼ 143 -li7 147¾-147~ 147 -147 Union Bn.1i & Paper... 12%- 18 14¾- 16¾ 15 - 17 12 - 16 12!,4- 14 13)4- 19:h_ 14¾ · 17~ H½- 18 15¼- 17~ 14¾- 16 14¾- 15¾ 13½· 15% 73 - 74¾ 71½- 74½ 70 - ':'2½ 71½- 74¾ 73 - 75¾ 70 - 74 70 - 75 67¾- 71 Pref . ...... ............... . 69¼- 74¾ 70¼- 71'.h 70¾- 74 65 - 74 U.S. Leather.... ........ 11 - 14½ 12¾- 15 12 - 14½ 12%- 14% 7¾- 16~ 13½- 15:k 12 - 14¼ 12½- 14¾ 12 - 13¾ 10¾- 12¾ 11%- 13¼ 11¾- 12·¾ 78½ - 83¾ 78¼- 83lh 77%- 81¾ 80 - 83¾ 80¼- 82¾ 79 7~ 82 78¼80 69½ 79¾ Pref............. .......... . 73 - 79 73¾- 76.1-< 73¼- 76¾ 75¼lli¾- 2C¾ 12½- 16¾ 14¾- 16¾ 12½- 15¼ 20½· 227, 19 - 21¼ li¼- 21 19 - 23J.!. , 19¼ · 24 18¾- 22½ 18½- 23 19 - S4 U.S. Rubber Co........ 56¼- 62 55 - 60 53 - 68 47 - 53 48 - 63 48}.(- 52 60!4- 65 tlO - 67 59¾- 62¾ 67½- 6"."½ 55 - 65 Pref........ . . . ......... .. 69¾- 85 24 - 64½ 47½- 52:k 37 - 48¼ 39¾- 45¾ 40!4- 45-U 41 - 44~ 41¼- 41 ½ 39¾- 43~ U.S. Steel Corpora, ion . . .. - . . . . . .. . - . . . . 42¾- t6.½ 45¾- 55 Pref.. . .... .................. .... - ... . .... - ... 92¾- 96¾ 93½i-101¾ 69 -101¾ 96%-100~ 86 - W¼ : 89 - 95¾ oo - 95~ 90¼- 95 90¼- 94 o9¾- 94 58¾- 61½ 60½- 64,t 60J.11- 63¾ 51 - 65¼ 57 - 63¾ 511 - 62 65¼- 70¼ 6d - 72 65¾- 72 "Va.•Cnr. Chemical. ..... . ... - ... . .... - .... 70 - 72 Pref........................ . ... - ........ - ... . 122 ·124½ 116 -121¾ 116 -120 117 -122 ll6 -12'1.½ 120 -125 123 -123 l22_¼-123½122½-124 128 -124 90 - 92¼ 89%- 92½ 90¾- 93¾ 89!1,!- 94 90 - 94 Western Union TePa-b .. 81 - 88>4 83¾- 91 86¼- 97 90¼- 96¾ ~5 -100¼ 92½i- 9~;:.; 88 - 94 . .. - .... .... - ... . ... - ... 145 -150 146½-180 .. - .. Weatinah. El.Mfa-.ea,,•1 . ... - ........ - ........ - ... .... - ... . .. - ... . .. - . . . .. - . . . . .. - . . . . .. - .. . . . .. - ... . 157 -157 185 -187 1st p;ret.. . . .... .. ....... . . ... - ... .. .. - .. . . ... - ... .. ... - . . . . . . - . . . . . .. - . . -106. , ti '.J:rust recelots. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a Ex-rtgnt~. b Ex-dividend and ri1rhts. RAILROAD STO K . 110 190i. 1 ~Toc·K s. JA:,/UARY F EBH'ltY I MAltC'H. - - - - - - - - - --- _ AP IUI.. I_ MAY. I JUNE. - JUL \' Af'"H(T>' T. 13FP't'BER. OCTORF.R . 'JOV'BF.R. D EC'BEl:t. - - - - - - - - --- - ~~W.Hii;!'b ~ow. H ig~ ~(~~.'.:~ ~ o w.Hig~ 1~ow.H.!~ ~ow.Hil!'b ~~~ -Hi!!n ~~~~~~ -•~ow.Hil? h T,o~ High ~ H il!'b Low.High I t(.AJ 1At<.0AJ)S. Ann A r bor .. . .......... . ... 3'.'¼ 3~ 66 Pref..... . .... . .. . ......... 63 Atchiso n Top.& s. F e .. 74-1- 81¾ Pref ... .. ······· ..... . .. 95~-103¾ 8ahim o re & Ohio ... ... 101 108¼ Pref . . . . .. . . . . . . . .. . . . . . . . 95~- 97 Ui11 h t". !Su bsc1•i plion 1·1 ceip t8 Jleec hC r" Pk ... .. .'... 80 ,.t . & N. Y . A .• L. , p f. 108 - 108½ Huff. R och. & Pltts b . . .. 115 -118¾ .... ··· ····· · ······ 142 - 143 Pref Ririhts. ............. ... .. Hurl. C. R a p. & North .. · .... - .... c~~::~:~.~~.~~,. ~: . . . . 112¼- m 33 - 41 64 - 68 75 - 78% 96!,ri 90 102',4 lO;F,;, 93¾ 96i}a 40 - 4!~ 67¾- 68½ 74¾ 78¾ 1)7U, 1!5• 103,· 107½! l:l-1 - 05}.! !~ :-t - :_~½ ;o - !'l I 41 ,o - ,,.,_,. 1~J - ,1 . t<R - ;o 6R - ,3 76~-· ~I}., ; ;¾ HI I 7>-%- t!--1~1 I ¾ • ll4\.fl ' -10:n1i 18 -1111¾ 9fH-100¼ 6}:f · H9 105 -110 1>1-t¼ 10H¼ I 5 -107~ 100 -Ll2½i O •¼ u.;¾ .,5 • u5~ 9.>½- 97 U5 - 97 .... 70 - 71 91 - 95¾ 1111¾-105 108¾-115:}.i 95 - 97 !o - ~5 ~o - 44½ ,o - ,6 85 - 913"' H0¾ -106~ 1,wa-10 Xi 1,92~- 99 2J,fi- I . .. - . . . . 1114 -104 141 - 144 11:3 -113 140 -141 139 - 160 145 -14.: 113¼-116~ 112~-m llO -115 139 -140 165 -180 3 .... .. - .. . . LOi -108 L23¾-128 2tl -121½ 123)4- 125 112.½ H20 141!,i 141 ½ 141½ 141½ .. . - .... 1~- 2 -1 8 190 -230 - . .. 1 1t!½_12:~ 122x;=u~~ 13Ll}.( · H.~ 11~.~ =1~~~ Uil½- 71¾ 83¾- 91¾ 117¾ -10:!¾ Lll2 -ll2!,,t 93¼1- 115 1 - 39½- 40 68 - 71 80¾- 89 911½-l\lO½ 95½-lO'il>!fl3 - 94}! ~¾ nt05¾-08% 96¾-105½ - ... LOS -10 L22½-125 121½-122 l42 -145 143 -143 ... . - .. .. LOS -lOi 12 1¼-123 l H -Hl 12,1 -120 142 -142 .. .... 1~~¾=1~~. 1~~-¼=1~~~ 38 - 40 67 - 687-! 77 - 84% 9;¾ · 100¾ 9·?¾ 101 112 - 94¼ 1~~½~1~~~ ~~~-¾=1~•'.~ 123½=1~~~ - ... ·122¼. 3!¼ 127 -13"l½ t130 -134¾ 133-*139x, 134¼-144¾ 13l -113 ¼ 128 -136 12t¾-130~ ~ubscri pti o ns . ........... - ....... 7l - 82½ 76 - 85 Se¼- 92½ 85 - PO~ 80 1!1 - 95½ 89¼- 92 7.!,,fi- 96½ 91¾- 97 87 ¼ 85'9- '89 85\.iiCanada S ou t hern . . . . . 67!-G-175 196 tR7 -V~➔,i 1 1ss -190 11 0½-1 9 184 -186-U L75 -187 170 - 180 165 -173 190 194 191 -197 191 198 188¾. ersey J v Nn Ceutral o f 4t% 48¼ 45~- 48¼ 45¼- 4i¼ 46¾- 57¾ 53¾- 56¼ 48½- 57½ 46:4- 54¾ 4 l - 51 f'h,-,iapeak e & Oh i o ... . 451,fi- 48¾ 45 - 47~ 45¼- 46}.j 45~- 49 37 - !5¾ !le~½- U½ 34½- 43¼ 33¾- 38¾ 30 - 36¾ 29¼- 34¾ ~6¼- 39 ~9¼ ~5¼ Chicago & Alto n..... . . . ~3½ · !6%, 3~ .I:( ~~¾ 3~"2- !6~ 68 - 73 ➔.i 611¼- ';2 7o¾- 77¼ 73 - 76½ 71¾- ';5 Pref.......... . ....... . . .. ,6 - 17¼ 70'.4- "~ 7o - ,6¼ ,.,x;- ,7¼ 1 15¼- 11),{, ,4).- 77¾ 74¼- ,9 - ....... - ... - ··· 1191 -ln i ... - · ·· 1194>4-194¼1 Chic. Burl. & Qu incy .. . 202 -203 1 -206 206 . •.. -215 t07 2Hl 210 19~½-Z20¾ 195 159¼ -169 159 1561(-174 161 147¼ 139¾-149¼ -144'.l:i l~}.t i,,. o Illln Chic. & East'n 136~-141 . ... 13,%-140 1 8 -1401:1140 -142 144 -144 140 -140 14l -148~ 140 -151 Pref.......... ... ... . .. . 20¼- 34%1 28 - 31:1:1 2!¾- 30¼ 22 - 29 3L - 35 "3¾- 29~ ,6¾- 32¼. 27½- 30½ 29¼- 32 Chlcario Great Wetlt... 2'Z¾- 24¾ 22½- 25¼ 23¾- 25 91 - 92¼ 91¾- 92¾ 91 - 92½ 90~- 94¾ 92 - 1!5¾ 92 - 93¾ 92½- 93¾ IN½- 92¾ 91 - 91½ B9½- 90 4 per cent debentu re . . 91 - 92 87 - 90¼ 84 t-7~- 90¼ 87 - Si% 88~- 90 88 - 90 81½ · 81,:( 87¼ · 89½ 87 - 90 82 - 84 83¾- 84% 84 - 89 ~ p. c. pref., A...... . . . 47 - 49}.! 48½- 51¾ 45¾- 51!,,t 43¾- 46 43~- 4'TJ1i 4-1~- 47"J1i 45 - 46½ 45 - 48% 46 - 50¼ 47l}.{- 49 .. 35½- 41h 33 - 41¼ 4 p. c. pref., B . . 7!!,4- 'i5¾ 75 - 76½ 75 - 77¼ - 73 Chic. Ind. & Loulsv ... 49!,:!- 54 1 51¼- 67½ 601:(- 67½ 57½- 72¾ 69¼- 80 8~ - 91¼ 90 - 90 85~- 8,½ 85¾· 88 77~- 79½ ,7 - 82~ _81 - 9v 75½1- 81 Pref . .. . .... . ............ 73 - 77 Chic. Mllw. & St. Paul. ltlO½ H!8½ ltl2½-168 162 -169¾ 161¾ 173%[165¾-175 167¾- 176½\ l la -189¾ 184¾-188¾ L83¼-19 ¾ lS0¼-196½ L61J -189!}.t tOOJ,.(-179}:( Pref ....................... 1 . li 189 1.88 -193 1.Si½ 101¼ l Si½-196¼ 18:l -194 t~S ~-HH½ hO -19.3¾ 192¾-195½ 192 -200¾ 1911ki-199½ I 9½-194¼ 189 -194 Chic. & Northwest ... . .. i04¼ 216 :t12¼-223:¾ 217 233¾ 232 -271 t4l -270 248 -257 2-10 -25 ½ 239 -244½230 -242¾ 223 -237 214 -228 210 -223 .. - .. . :30 -230 ... - .... 260 -2!l3 255 -262 Pref ............. . ....... .. . 230 2 ,9½ ! 38 -248 t 42 -250¼ 247½-274½ 270 2 3½ 1260 -2, O 1266½ 270 1 Chic. R. I . & Paci fic .... 152 -165 158½ 166¼ 162!4 181¾ 1171 -180¼•170 -li91}.i li0¼-li4¼ ili2½- a LS0¼-192 186 -206 L92 -202½ 180 -203½ 180 -180 . . - . . . . 9 - 13¼ . . . - . . . . .. - .. Rights . . . . . . .. . . .. . . .. . . Chic. ~t. Paul lll. & 0 .. . 140 -Hl 14') -~44 144 -155 153 -170½ 160 -160 160 -162 16.> -165 162 -167 lt:2½-165 163 -163 150 -155 - .... 194%-194~ • -2 ,2 !Ot ·.. 1 - ·.... 196 -197 195 -200 195 -210 Pref .. ...... . . . . . . . . . . . . . . 15 - 18¼ 20½- 21¾ 20½- 22¼ 21¾- 24% 20½- 24½ 19 - 22¼ 113 - 20 17 - 19½ B¼· 23¼ lP½ 23 15¼· 18 <.:hie. Term'I Transfer .. 16¼ 18 l/ll - 33¼ 31¼- 37 36 - 41 36 - 40¼ 37 - 39½ 37 - 40~ 39 - 42~ Si½- 44 Pref................ . ...... . 31 - 33¾ 30 - 33½ 31¼- 3;:}j_ 35 - 42 Clev.Cln.Chl c . &St.L. 9.;~ 10'>{> 99 -105¼ 91½ · 1·3 101J.ii ·l07¼ ' 103 -106%103 -ll.5>'! 103)4-108 !04~-10~100 -107 9 ¼·103~ 93 - 99½ 9J - 98¼ - .... 122 -122 L:l¾-123 IL2~ -12!¼124 -12! L2t¼-1:f¼ .... - . . .• Pref........... . . . . ....... 118 -it3 Lt 3 -12l½ 120¼ 123 1121½·12·1 I w - 90 7:> - 75 1 ... - .... CO - ,::: ,! - 75 55 - 8!½ 'iS - 79½ 76¾· 78 ::5 - S5 .... - .... 41 - 57 Clev. Lor.&Whee l'g.. 93½- 94¼ ... - . . . o 1½- 93¼ = . . . . . . . - .... 1!5 - 95 90 = 90 91 - 99 91) Pref................ . . . . . . 77½- 77½ ... - . .. . . . . - . . . . 85 - .... . 89 -1'39 - . . . ... - . . . . . .. - . . . . .. - . . . . . . rn2 -192 Cleve. & Pittsb. guar.. 30¼- 35¼ 29½- 3-!½ 27 - 32:}.i l/4½- rn;1:1 31}1,,!- 31¾ 30½- 35¾ 32½· 35 Col. & So., vo 1. tr. clf,i .. 14¼- 15½ 15¼- 23\.a 22 - 28¼ 27 - 33 I 28½ · 32 IB - 'iO¼ 68¼- 73!>1) 7v;1- 75¼ 7•J - 73½ !Ill½\ 'il½ 72 - 78¼ 77 - 7~J,, 7~¼- 79 I <.9 - 74% GS - 73¼ 66 - 70 1st pref., v o t. n·. ctfs .. 59¼- 6l 40 - 45¼ 40½ 45¼ 42 - 44½ 43¼- Ml% 4'i¾- 5!3% 4i¼· 53%, 43½- 51¼ 42½- 40 - 30½ 30 - 3--¼ 364- 46½ 41!,(- 47 !ld pref., v ot. u ·. ctls. . Delaware & H ud s o n ... 1'0¼ 184½ 171¼ 17.i¾ 170 · 173, li0}.(-180¾, 171 - 1 I½ 1: 2 -litl¾ 175 -181ll:l 177½-18L ' 71¼· 1 l\.!. lfl2½ li8 l -· 3½-16~ 15.,½ 17~ ¼-286:J:i 276 - 281½ 2:l -28..l¾ !;;r, -275 231 -253 HO½-:!tl2 7d¼-2 »! 1285 -291½ 270 -2·5 !~8 2;s Qel. Lack. & W estern. l!5 I -281½ 2i9-"I 297 411½- 46¾ ,8%- 44.~ 3· ¼- 4L 41¼- 45~ 41 - 51~ 42½- 51 4L - H¼ H~- 43 42 - 45½ 42½- 44½ 41 - 47 1Je11ver& R l o Grande. , '42½?- 46 86½ - 91¾ 8 - 91 90¼- 93¾ 90 - 95),t 112¾- 1'6~ 90 - 16x, ~n,- 93 I Oji- 93½ t!b¾- 112 1:10 - 93¼ 1-1 - 94"H, 90¼- 92 Pref............ . ......... . . - .... - . . . . .. - .. . 4J¾- 49~ 45 - 4.:, 49 - 50 41 - 41 .. - . . 40 - 40 Denver & S o uthwe11t'n 49 - 49 1 40 - 40 1 50 - 50 :~¾- !~¼ I ... I 1.:, 1 ci~~::· :!½= :>4 ~ o!:~·~:·&i·F~.·.o~· Pref..... . . ....... . .. . . . .. - ... . Det. So., v o t . t r. ctfs .. Pref. vo ting tr. ctfs.. . . Dul u th S o. S b. & A ll.. . Pret. ........... . :........ Erl e..................... . .. ht pref.......... . ..... .. 2d pref. . ............ . . . . E vansv ill e& T. H a ute . P ref..... . .. . ... . . . ........ . Ft . W orth & Den. C it y Ft. W ort h & Rio Gr ... . Grea t Northern, pre f.. .. Gree n Bay & We s tern . D e b en. certs ., ~ e r. A .. D e b e n. certs., ~e1·. B . H ocking Valley .. . ... Pref. . ...... . .............. = ~¼ 40:14= 4571i 4·1~= 50· - . I .. . - .. 13½- 16~ 13 - 16½ 1-H!· 16½ 15 - 22 33½10 1 ·¾3i¼69¾55 57 7¾30 - 3911! 3:3 - 39 11¾ 11¾ 14¼ 21¼ 2L - 27½ 44~ 3i¾- 4-0¼ 751}., tii¾- 70>\, 63¾ 55½- 58 6L - 09 63 ~ r-o -104"½ 33l,4 32¾- 42½ 33 - 39- · 12--g · 1:1¼ ' 24 - 27>1, 35~- ~ ¼ 60¼- lOx, 53¼ · 55¾ 50 - :4}t, 10~½ 30 - 4F ... -191 7-> - 75 'iO - 'i5¼ 9 - 12% tlti - 71¾ 81¼- 84¾ Lb3½-190½ l t~ -187 75¼- '0½, 7i - u 72½- 79 11¼- 16l}4 l 11½- 19~ ti6¾- 69½ 67½- 'ia)... 82¾- 85),4 SJ - 6½ -~4½= 49~ - .. . ~:~¼ !!¼- !!~ ~~ =!!¾ ~~)~= ~~¼ ~3 4~ = 143 -1:>) 114 -144 13! -134 l»¾ · :'l¼ 20 - 21¾ 21 - 2-1 :ii'½ 41¾ 39 - 41¼ 40 16½· 18¾ 17 - 18!,,t 17 - 2! 2-l¼- 31½ 30 - 35~ 29 - 32 36.Jji- 39½ 38~- 42¼ 36¾- 38 - 71¾ 6 GS~- 71 , 7 - 69 53 - 5:l f,1 - 53% 5~· - 55 71 601165 5L 54 50>-§ 85 - 90½ i.O½- 93 1-,3 - e3 45 - 47¼ 47 - -! ¼ 4 - 64~ . . - . ··· \· .. . .. - .. 181 -190>1118tl¾ ·l95 191 -19b 10¼- 22¾ 42¼ 40 - 4 l~, 18.la 14½- 11-½ 35):i 26¾ 33 35ki · 39½ 41 67¾- n . i 651<(- ~Ol,4 51 - 55 51%- 57 51 - 511¼ 54¼- 61 e8 - 112;a si - 6:.J, 36¾- 51~ ~5 - 52~ 10~~ 102¼ 1811i l-i7·ls L ► 2 -186 ' 4¼ 1-4¼ 8 ! - 90 - .; - 90 ,2 - 87 20 - 23¼ 20 - 23~ li - 25 I 20 - 24¼ 19¾- 22 9-.l½-luU 73½- 85½! rn - 88 1 82}.i · b7¾ 1 84¾- 9d Ul½- 9;¼ 89¾ - 93 87~.r o . ➔-i h9 - 112½ \}J - 93 4-!½l 36 ll!,:! 261(3u¼- 4U¾ ··· - = - ... 130 -132 20¼- 25 / 19 - 22½ - 48!,,t 36¼- !2 3 19 - 23¾' 17½- 20~ 30 - 35l}.i 2, - 31¼ 37 - 43¾ 36~- tOi,. 6rl _ 71½ 65½- 69½ 49¼- 55¾ 51½ - 58 57 - 62 58 - 61! 91 - 9-1~ 58¾- 63 i,1 - 66 ,90 -202x1' 1 2 -195 :15· : 4~½ 11 - 19¼ 21 - 39¼ 15 - 17¼ 23 - 28½ ~2 - 26 32¾- 38~ ::,¾- 3~¾ Oil½ - 69 63½- 68 44½- 52¼ <!l½- 52~ 011 - 71¼ 51½- 60 9'>-92% 85-7 co - 67¼ 55½- 61 182 -189 80 - 5;( 22 - 24¾ 23% · 29½ Zl _ 26'k. ~ - 118½ 87½- 9t1¼ 9J½ 10a 90 - 91',.. ss - 9]>,. 88 - 94h, L80 -~03 85 - 3; 21¼- 25¼ 95 -102 93 - 9 ~ 1; ~::~;:i:L'.: ~·:~ '~t'.~t u•• m~=,~·~c= r)::?D'~ ='? ·:~:::;: "~:,::/~~:,~·~ " ¾-,.,~ = :~~~ 15 ¾ ·~ ":' 4.7 - 49¾ 4i¾- 50·, 4! - 50% 40¾· 4d~ 37Xi- 43¼ 35¼- 41¼ I owa Central... .. .. . .. ... 3i½- 4L~ 401,(- 49½ ..17½- 51¼ 1 48 - 50½ 43½- 4 ¼ 45½- 50 Pref.. . .. . ..... .. .... .. ..... 7L - 76½ 73¼- 82 I 79½- 85¾ 83 - 90¾ 82 - ~ 1 81 - S.;½ 8!¼- 87¼ ! Sl - 88~, 80 - 88 1 72 - t~ 65 - 75 d5 - 73~ 42 - 423" 1 4:.l - 50.½ 48 - g9¾ 3S - 45½ 37½- 45½ 4! - 4 41½ 4:3 38½- 4:2½ 40 - 43 35¾· 37¼ 36!,4- 39 Ka nawha & Michigan . 3~%- 37 1 77 - l;l:\ 75 - 80 77¾- 82 t-0 - d 8~ - 83½ l - Si¾ 1-4 - 8 K . C. F.S .& M. t.ctfs.pf. 80%- 83~ 81½- 85~ ~¾- 84½, 32 - 831¼ 82 - 84 33¼- 31! 1 3:2 - !i7.½ 29 _ 35¼ 2 _ 31½ 25 - a0,:1 81½- 34¾ 33}:\- 36¾ 35· - 39 l i.. C. So . , v ot. tr. c t fs . .. 19 - 20½ 11!½- 23½ 2t - 2!~ 20½- 2 1:, •·ef., vot. trustc&fs ... 44 - 46½ 4l - 54½ 51½· 56¾ 1 55 - 62¾ 1 5ti¾- 62¼ 59 - 6:2~ 1 58~- 61½ 59 - 61h, 55 - 6! · 53 - 57lk, o1 - 57 52 - 57¾ 31 - 35¾ 34¼- 41 1 34½ · 37¾ 33½- 36 33 - a6 31¼- 36 13½- 16¼ 15¼- 22½ 20 - 40'k, 30 - 37¼ I 30 - 33 Keok . & De1t J.l1 olne.... . . 13 - 16 5d¾- 56h, 62 - 62 74 - 76 ... - . . . . 72 - 72 'iO - 82½, 05 - 65 50 - 61 I 62½- &i 47 - 47 . ... . ... . .. . . . . .. . 45 - 45 Pref I - ... ... - ........ - . . .. 12 - 12 11 - 12 K i nrist on & Pembroke. 11¾- B¾ 10 - 14 56¼ 40 - 52'4 5~-¼- co 60)4- 67 65 - 67 L ake Erle & Western . . . 64 - 71½ 66 - 71¼ 66,g- ~9 , 67¼- 69½ ~4 - t18½ 6j½- e6 1 64 - 67 - ... 128 -mo 12. .o. =12_5 12..o. -120 122 -12 2 - ........ - . .. . Prel ..... . ... .... .. . .. . .... 11-6 -132 132 -138 jl;il -135 1. o -131 125 -131 ••• • ,~s -!'~8 1 ... - •...... . - .... :i35 -340 Lake Shore .. ... . ... . . . .. . . 335 -335 73 - 3 72½- 80 Ox,- ti¼ 77 - f:2 85 - 89~ 85 - 87 J >¾ 85 - 91¼ 0 - 91 J.ii · 4r., 79¼· 82½ L onri Island.. .. . .... .. . .. 'iB¾'.- 86 1 L ouisville & Nashville . 102¼ 108 103¾-106 IOJ¼ -107½ :0.;¾-1:53 Wi -14ti I 5 •· 138¼ 137¼-145¼ 144 -159½ 137¼-15tl¾'l32 -14~¼ L21 -137¼ 116¼-133~ M anhattan Elevated . . .. 134¼ 140¾ 130¾-137 L28 -la5¾ 132 -13d½ 130}9-135% 1ao -l::i2~ 131 -13i~ 13J -137 132 -139¼11211¾-138¼ 132 -158 LHXi-157¼ M exi can Cen t ral ... . ... :15¼· 29¾ 27¼- 29~ 27¼- 3 1¼ l/8½- 31¼ 26:>s- 2~½! 2d"' 2:3¼ 2'.:'½- 30% •29¼- 30¾ 25¾ · 2>lia 24 - :a}( 22½- 25x 20¾- 25¾ . .. - . . . ..... - ... . . - . . . . . . . . - . . . . . . . . - . . . . .. - . . 16¼- 17½ 17¾ · 20~~ l S?s- 20¾ See Nat. of Mexico. M ex . National, ctfa..... . 14¼- 17 liO -175 . . .. - ... 16! -174¾ . .. - ........ - . . . . . . - . .. ... - ... . Mlchlrian Central. . .. . ... 156 -160 .... - ..• . 150 - 159¼_ 150 -192 175 -17 1 -112½ 105 -109¾ 106 -110¼ Mlnneap. & St. Louis .. 105 - 111 l07 -111 108¾-112¼ LOS - 115 110 -114¾ ,10½-114½ 111 - 114 112½-113¾ 109½-114¼107 120 - 123¼ Pre f ........ ... .. . .. .. .. . . 118}9-121½ 120 - 123 L20 -123 L20 -127¾ 126 -126 123 -127 123¾-12'i¼ 1~6 -126.½ 127 - 127 67¼ - 76½ 7'1 - St 66 - 83 54½- 60½ 57 - 6L¾ 58½- f4% 62½- 79½ 71½- 8:2 57½- 64 39 - 50½ 45 - 60 M in o . S t . P. & S. 8. M .. 36½- 42 94¾ · 115¼ 105¼-124½ 119 - 125¼ llS¾-126½ 120 -127¼ 121 -130.½ 127 -138 127 -139 113½-134¾ 120 -125 L20 -126 Pre l. ...... . . . . . . . . .... . .. . 90 - 9.; 22½- 28 29~ 24.¾31½ 2i¼35¼ 28½33¼ 26¾- 31¾ 30¾2! - 2;¾ 24 - 27~ 24¼- 26¾ 25~,- 28 2!¼- 26 Mo. Kansas & Texas .. . .24¾- -,;7 60¾- 69¾ 57)4- 63~ 54~- 6 1¾ 5 1 - 59 62¼- 68 54 - 58¾ 54¼- 58¾ 65¾- fi9¼ 58¼- 64 Pref.. .. , . ............ . ..... 5 1 - 54¼ 52½- 56½ 53¼- 55 M ltlllODrl P_a.clftc... .. . . . . . P9½-107 !19¼-105¼ 961}(-lOl¾ 98¼-103¾ 97¼ 101¾ ruJ\6 11 l~ 108¼-1191,6 1lb%-1 l!l:-i6 lll½i-12:i½ 102\6-116iA. lOS¾-110~ 99~-110¼ bEx-r1ghu1. • 20.' paid. t 4U% p a.id. • a :.!00¼ E x-rlg bts. +v0% pa1tl. I 5"% pald. 80% p a.id . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.0 - R ILRO.AD 120 TOCKS. 1902-Continued STOCKS. -------- JA"U.A~Y F BR'R~ _ 71-1ARC~ ~ :\'IAY_:_ 1_:l~~ ~~ AUGUST. SEPT'BER. OCTOBER. Nov'BER. ~EC' BER. Low.H!gh Low.Hhch Low.Hi11h Lnw.Hillh Low.High Low .High L ow.H gb 1.ow .Hhcb Low.High Low.Hli;rb o w Hi1,tb Low . Big~ -- ---- ---- ---- ---- ---- ----· ---- ---- ---- ---- !Uorrlu~: E10,ex .......... IP5 -195 19P.½-Hl7 196¾-l93¾ 193½-19'"¼ 98½·198½ 1195½-195~ . ... - .... 195 -195 .. . . ... - . ... - .... . . . .. . l'"al!lhv. Cliatt. & St. L . . EO - 88 s-, -• 98¾ 88 - 89 89½-12t ll12 -115 99 - 107¾ 100 -105 105 -119¼ 110¼ 115~ 103 -109½ 99¾-105 99 -105 Nat. of Mex., vot. t.ctf8 . ... - . . 17½- HI¾ 18 - 19¼ 18¼- 19;.f 18¾- 20¾ 19 - 2 L¾ 18 - 11-1½ 15 - 18~ 14 - 18 Pref., vot. tr. ctf8.. .. 40¾- 41½ 41¼- 45¾ 42 - ,u~ 3'l¾- 43½ 30 - 40¾ 38½- 40½ 3:-l¾- 41½ 37½- 44 37S4- ~O½ 34½- 38~ 31lM- 35,! :N,Y.Cent.&Hud.Rlv.159½-168y, L61¼-ld6¼1t.il½-ltl4 +t5R¾tl5!,v 5l½;-161¾15::$¾-157¾154½-167¾163 .-16fl 155 -167¼ 149¾-159 147 -159~148 -157¼. }lights .................... . . . . . - ....... .. - . ... 4¼ - 5% · ... . . .. - . .. . .. - .... . ... - . . . . ... - .... . . - .. . . .. - ... . S. Y. Chic. &St. Loul8 . 46½- 52 4i;;.g. 51¾ 50 - 53¼ 51~- 54'.¼ 50½- 54½1 H - 54 ¼ 52½- 57¼ 55 - 5'¾ 50 - 5e-U 44½- 52½ -!O - 47 40 - 44¼ 18tpret .......... ......... 1.20 124½ 119 -119¾ 119 -119½ 114 -l15 11-;¼ 11!-l .... - .... 118 -119 118 - 120¾ ... Ll0½-118 .. - ... . 2d pref............ .... .. . . 8G - 89~ Bl - 89¾ 86 - 89¼ 87 - 90x! 85 - 92½ 9~ - 92 90¾- 92½ 90¾ -100 !lO¼- 93½ 86 - 88:J,i 8) - 89 80 - 87 N. Y. & Harlem .. . . .... . ... . - . . .. - .... . . . - ....... - ....... - ... ... . ...... - . . . . . - ..... ... - . ... ... - .. .. . - ... 405 -410 N. Y.Lack.& We8t . ........ - .. 138_¼-131-% 141 -141 141 -141¼ .... - . . . . .. . - . . . . . . . - .. . . . . . - ... . .. . - .... .. - . ...... - . . . 140 -140 N.Y.N.Haven&Hartt .209½-212!-< i10 -212)4213½-219¼215 -255 230 -245 228½-237 231¼-241½233 -233 230 -237 225 -23.1 t21 -228){~21~225 N. Y. Ontario & \lTe8t. . 33¼- 1'6l 3 !¼- 35 32 - 34½ 32¼- 35¾ 32 - 31¾ ' 32¼- 33¼ 32¾- 34¾ 33¾- 36~ 32½- 37~ 32 - 36~ 2Sl}.(- 33 25¼- 32¾ Nortoik & We8tern.. . .. 55 - i;P;. 56 - 58½ 56¼- 58}8 56¾· 59\1,f 55~- 58¾1 55¼· 58}4 51 - 65¼ 64¼- 73¾ 'iO - 78½ 69¾- 80!1,i 67¾- 74¾, 67 - 74 Pref.. ... ... . .. . . . .. . . 91½- 93 90 - 9~¾ 90½- 91 90 - 91 90½- 91½ 90½- 90½ 93 - 98 93 - 94 91¼- 95 91 - 93 91 - 93 90 - P2 Northern Central . . . . . ... . ....... - . . . . .. - . . . . . . - .. . . 235 -236½ 2m -250 240 -250 246 -250 . ... - . .. . . . . - . . . _.. - ... . Pacific Coa8t Co.. . ...... 73¼- 74}! 74 - 75 'i1 - 75½ 60 - 7!¼ 69½- 72 67!,d- 68 67½- 73¾ 72½- 78½ 74½- 81½ 72½- 80 69 - 73 65 - 71 l8t pr1,f... ..... .. ... ... 100½-101½ ... - . . . L05 -106 ... . - . . . . . . - .... 10!½-1114½ 11 ·2 -112 102 -102 l05 -105 .. . - . . . . . - . . 93 - 98 'ld pret.... . . .......... . 'i9 - FO 80 - 81½ 80 - 62½ 79 - 80~ 79¼- 79¼ J .:. - . .. . ~8 - 78:J:i 'i8 - 84 7d - 84¾ 78¾- 63 74½- 78 72¼- 74¼ Pennsylvania RR...... 147 -151}.! 148;¼-151¾ tl4'l½-52½ 149½-153½ t4i¾-l54¾ 14 8¾-152¾ 151¾ 161¾ 15d% 163!,,( 159 -170 157¼-166½ 153¼-163~ 14~¾-158¾.. p:~:1~t~i~~·~~~:~·.: :~:::· Pere Ma1·quette. ........ Pref.......... ...... . . . .... Pitt8. Clnn. Ch. & St. I Pref .... .. . .............. . Pitts. Ft.W. & Cb., irn Pittsb.lttcK.&Yough . Railroad SecuritlPs* .. Heading vot. tr. certs 18t pref. vot. tr. cert i.. 2d pref. vot. tr. cerh . Rock Island Co..... . . . . Pref . . ... . . . . .. . . . . . Rome Wat. & Oa-den8b. Rutland, pref. .... . ... . . St. Jo8. & Gr. Island. . 1st pref. .. .. ........ ... 2d pref............... .. .. . . St. Law. & Adirondacli Rlght8.. .... ..... . . ... St. Loui8 & Sun Fran . 1st p1•ef............ . ·- . .. 2d pret... . ......... . . St. Louts Southwe8t'n. Pref. . . . . . . . . .. . . . .. . . . .. Southern vot. t1·. ctfs.. Scamped, extended . .. =is 39 =43½ 39 'i8 - BJ 3~~= 4!: ... - . . . . 85 - 85 80¼ - 91>1 1:l-1 - 87 ~5 - 87:kt . ... - . . . .. - .... 113 -114% 192½-192!~ .... - ....... - .... ... - . .. - . . . . ... - . . . . .. . - . . . .. . . - . . .. - . ... - .. 13'3 .1n llO½-llti;k 12 - 15 64 - 6i>! 27 - 23 126 -HO~ '15¼-118½ t:lJ.,.,- 22 6~ - 74!}.. 27 - 34½ Laci¾-141l-! 6)4- 6}: - 55 88¼73¾25 57 31%- 64),._ F8 77 28!i. 6l:,4 34% 50½- 63 83 - 85 . .. . - 199 210 97 185 .. . - . . . . ll:l¾-123 18½- 24 68 - 7-1 32¼- 35¾ L3:3:)4-139¾ 71 .... 95 lltJ .. . = 39 - 71½ - .... - 9 i ~4 -116 - ·;;; 77 91 95 ... . .. . =4°2 40 =42. ·40 - 'i8 - 91½ -100 - .... - .. ... - .. - .... . .. - 72~ 8 1½ 76 3 J¾ 6:1½ 40.½ 6i¾83½70½26 67¾35¾- -205 -222 -IOJ -195 . ... - . . . . .. . - . . . 22 - 23 - ~~ ~~~ = 9~¼- ... - . ... 61J.1i- 671,. ~ - irn. 8¾¾ 20½- 23"' 37¾- 43¾ l:3¾-104¾ 87 • 90 - . .. - 69½ 85 73¾ 29¼ 6U½ 38'):1, g9:~o: . . . . - . .. 21)4- 23¼ 26~- 41¼ 98¾-101 86¾- 88¼ ~O¼- 23½ 37½- 4L¼ 99¾-108½ 87½- 89 ... - ... ... - ... ... - 22¾41¾19 55¼30 20¼42 - 25¼ 44)4 20¾ &O~ 3! lfl¾· 21 ¼ 39¼- 43.¾ 24¼ 431>:l 20¾ 57 32¼ 24~ 46¼ 202½-205 :cl26 -235 109 -117 195 -2CO 2 -3 42½!19 56 31 22½43¾- ., 86¾- 88¼ 205 -210 230 -236 L09U-126!1il 200 -215 .... .... 68 82¼72 30½67 37½ 30¾- 25¼11¾20¾60¾33>1123½ · 46½- 205 220 114 215 .... 75 2n½73 33 . .. - . .. . .. - 85½ 90 SO¾ 37J.<J 71¾ 40 78 86 76 35 67½39¼- - .. . .... - 82¾ 89 79~ 39 79¼ 41¾ - 77¾87 72 33 68 36 - - • .• . .. - 27¾ 46¼ 23½ 65¾ 37',!,-s 29¼ 51¼ 26¾43)421¼58)434 26½47½- -225 -230 -118 -220 . . . .•.. - 6~ 87¾ 78 38¾ 80 41¼ ~~- 9~60:;,_· . 99-~l--¾: 99.72·: 9~2:U~ 99:82:¼¼:. 9.~. = V7!S ,,,, 74 90¼ · 91 74 63½- 65¾ 64 - 70½ 68¼- 7731! 71),,..,- 81¼ 40 - 44½ 42¼- 46X! 44½- 5! 45¼- 54¾ 20 - £0 . . . . - . . . . .. . . - . . . . . . . ... 20¾- 21¼ 20¾- 22¼ 21½- 32xi 28 - 83 36½- 38½ 37 - 40 38 - 49¾ 41 - 49¾ 103¾-106!'4 10!½-110¾ tl07 -113¾ t C2½-112¼ 87 - 89¾ 88½- 94¼ t91¾- 95 90¾- 921¾ . .. - ... . ... . - . . . . ... - . . . . . .. .. . - 2'3 46}. 2-! 66 38½ 28¼ 50~ 139 -139 74 - 80 22 - 23¾ 71½- 74¾ 33).(- 84¾ . .. - . . . 70½ 85¼ 73¾ 31¾ 68 - - ... .... - .. . 20¾- 22¾ 36½- 40 lOl¾-105¾ ....... - 68 83 71¾27 t8 35¾- ... 1:5 23¼ 77 35 .... 85 - 93 =:61:~ 1: 99:::= 6'½- 65¾ 6i¾- 69¼ 63 - 67¾ 39 - 4l¼ 40¼- 44h 311½- 43 . .. - . . . 200 -220 2:W -24.4¾ lO'iJ.4-1?4\l:! 19.i -202½ .. ~~~ ~~¼~ ~~~ .. - ... .... - .... ..• . - 22¾4.2 17¼ 51 £8¾- ... . ... - . . . . . .. 75 -12(1~ 7! 19 - 22½! 20 67 - ,;o¼ CB¼29 - 33 29¾50 -139 - .... . . •. - 31½ 47% 23),.j 61¼ 37¾ 28¼ 50¾ 29 44¼22 61½86!,426~4.8½- .. . . ¾- 31½ 30 47½ 45¾2.1½ 23 6-! 61 38¼ 26¾28% 27¾51~ 50¼- .... - ···· 1193 -200 223 -226 225 -235 111.J,4-116 11~¼-1~0 .... - .... 20:.l½-215 ·so =37 .. ·ai :is·· 40 = = 45 4·;/ 79½- 85).\ 80 - 2½ EO . . . - . . . . F2½96 -105.!-! 93 -100 90 .... - .. ..... - ... ... .. .... - .. . . . . - . . . . . . ... . 140 -140 ... - ....... .... 91 - 94 93 - 93 ... 70¼ 64 - 'i8½ 65 - 73½ 52½F8 85),,- 90¼ 83¼- 8831, 84 76)4 74 - 80¾ 73¾- 80 'iO . . . . . . . - . . . . .. - . . . 41 . . . . .. . - . . . . . .. - . . . 71 . . . .. .. - ........ - .. . . . .. 75 7! - 76 c8 - 'i8J,c; ~7½24¾ 21½- 24 ¼ 18½- 23¼ 15 79 75 - 81½ 61!½- 78 63 41 35¾- 42 31¼- 39½ 2!>11... . ... - . .. . .. - . . . .. - 78 - 79 .. .. - . . . . 9-!½- 99 120 -120 193¼-194½ . . . - . . . . ... - . . . . . . . - ... . .... - ........ . .. - . . . . . .. - ... . .... - . . . .. .. - ... . .. . . . .. - . . ll9 -125 21 - 23¾ 69 - 72 81½- 3!~ L38½ 1397Ai 59¾- 67¾ 07½83 - 84¾ 83 a}1i- 7t¾ 'il¼- 74¾ 72½·>..,¾- 27½ 241}.(- 27½ 27¼5; ¼ · CO½? 55)4- 60¼ 58½ 32½- 34¼ 32½!· 33¼ 32¼- . .. . 9J~ . COAL & MINING. Amalgamated Copper .. 67¾- 78 Ameri can Conl.. . ........... .. - . . . Anaconda l oppe1.· . . . . . 118½-142 Uolorado Fuel & Iron .. 84 - 88~, Pret. .. . . .... .. .. .. . . .. .. . 1::0 -130 Col. & H. Coal & Iron .. 14¼- 17¾ Cousolldntlon Coal. .... . .. - . . . Ilome8take !Ulnln,i. . 100){-100_½, Maryland Coal, preJ .... .... - . . . New Central Coal, new . 85¼- 85¼ Ontario Sliver Mining.. 8 - O.!-! Qulck81lver Mining . .... . 4 - 4¼ Pi-et .: ...... . . . . . . . . . .. . . . . . - . .. TenneHee Coal & Iron 61¾- 67¼ = 83 80 - 82¼ 82½ . . . . - .... 1!6 PO - P4 ... - .. .. ... 180 -192¾ ... . . - .. . . ... 92 - 92 67~ 53¾- 6'i ¼ 88 S:l½- 87½ 771}< 72 - 78¼ 48~. 33½- 60¼ 85½ 75½- 81½ . . . . . .. - . . . . 71~ 64½- 72 18½ 10 - 16 70 49¾- 65¼ 3H~ 26 - 2'3~ . . . . .. - ..• . . •. - 81 8<! 74¾ 34¾ 72¾ 39¾ 38¾ 70 - 2 81 - 84 ,;o - 75¼ ::!5!,;.- 31.!-! 63¼- 6i¾ ;,3 - 3611 H - 36¾ ~!¼= {JO - 92 67½- 76½ 39½- 48½ ... - .... 27 - 33¼ 40 - 48;J:i 101 -107½ 89>¼- 91!1il LL 60),g- n 40¾- 46Xi ... 27 - 31½ 44 - 49¾ 98¼-104¾ 69 - 93 69 83 71 28½59¼85¼35)f,- . .. ~~¾ ~~ - ~!½ - ... . 63¾77 65½21½56¾.. 28 - 75~ 83 71¼ 28 61 .... 3<l¾ 92¾ R01,;{~ 90 -91¼ (HJ - 66¾ ;;7 - 43 . . . . - ... . 25 - 29¼ 43 - 4 93~-101½ 9½- 1:13 ¾ .. . - ........ - . . . . . .. - . . . . . . . - ... . ........ - 3!½ 49 28½ 65¾ 41½ 31 57¾ 205 -220 234½ 265 122 -1~0 215 -2n5 33 48 26 60 38 27 51¾- .... - 38% 54½ .:0¼ 65~ 42¾ 30¾ 57 30¾44¾25 58 36½25¼49 - .. - . .. 249;¼-262 148 -158 247 - 252 230 23d 130 214 . .. . .. - 35½ 51½ 28¾ 61½ 41 29 5!½ 28 42½23 51 33 - ... 33¾ 4~ 't.7 58 37½ 23½- 28 47¾- 53 -240 -258 220 -149¾ 125 -~5 . .. . .. - ...• 23½37 20%60¼30¼23 47¼- 30¾ 46½ 26 5ti 34¾, 27!4 54;.( - . . WO -205 -240 ,H -230 -1J7 L20 -140 - . . . . . . - .... 6":·¾- 79 61 - 70Xi 63½- 68½ 65 - 71'% 62¼- 69~ 62 - 68¾ 65 - 68h; {'3%- 71½ 62 - 67¼ 53 - 65½ 53¾- 64~ . .. - . . . . ... - . .. .. .. - . . . . .. . - . . . . . .. - . .. . . . - . . . . - ... lSu¼-11:,0¼ 190 -200 21 O -~00 l::'.9½-146 84¼- SS - ... 15½- 18½ 8-! - 85 9J - 99 75 - 75 ... - .... .... - .. . 3¾- 3~ 112 -134 86½-109 132 -140 16½- 22¾ .... - . . . . .... - . . . .. .. - .... .. - .... 7¾- 8¼ 3½- 4¾ . . . - . . . . 10 - 11¼ 63 - 71¼ 67½- 72~ 110 -119 95 -110½ L38 -138¼ 19¼- 23¾ 80 - O 90 - 90 72 - 76 . ... - . .. 8½- 9J.i, 3¼- 4¼ 11 - 11 67¼- 7!¾ 110½-119 105¼- 116¾ 95½-10 101 -106 95:11-108¾ 85 -101½ 88¼-102¼ 73¾- 93 .... - . ... .... - ... . 135 -135 .... - .. 17¾- ·20¼ 16 - 17½ rn - 1 17½- £2 .... - ... ... .. - ... . . . . • - .. ... ... - .... .. . . - ........ - ........ - . . . . M¾- 84¾ 76 - 78 7i½- 77~ 77½- 78 80 - 80 33 - 33 .... - .. . 42 - 42 45 - 45 8 - 8)4 ~¼- 8½ 8¼- 8½ O - 9 ii¼- 3¾ 3¾- 3¾ .... - .. . 2¾- 2~ 10 - 10¼ 9½- 10¾ . . . . - . . . . . . . . - . . . . 61½- 71¼ (!1½- tl5 62 - 69½ 67 - 71¾ 102 -llOX! 95 - 104¼ 83 76½- 83~ 7tJ½- 92½ 77 133 -135 130¼-132 .. .. 19 - 23\.,i l/1 - 24% 18½80 - 80 .. . - . ... 81 75 - 75 60¼- 64 65 H -HO 99¾- 99¾ 91!½43¾- 4,-, 45 - 45 45 8~ • 8¾ 878 - 8¾ 7¾::; - 3 2 - 2X! 2 .... - .. .... - .... .... 63½- 7th 60¼- ti9¼ 54¾- 97 91 . .. . 22 Fl 80 - 97 'i5 - 89 - ... . 16¾- 22 . . .. - .. . . e5 . . - ... . 9u½ 110 -110 45 43¾- 43¾ 8 5½- 6¾ 2¼ ~¾- 2¼ . . . . . . .. - .... 6tl 4!l!,6- <1 . . . - ... .... . - ... . . . .. - . . . . . . - . . . . . .. - . . . . ... - . . . . .. - . . . . . . . . . . . . . . . - . . .. 21 - :!l 18 - 20½ . .. - .... . . - . . . . . . - . . . . . .. - .. . . .. - ........ - ........ - .. . . .. - . . . . .. ·- ... . 82 - B-½ 80¾- 8~!-i 22¾- 24>2 21 - 23¼ 22 - 30h :!tl½- 28½ . .. - . ... 27½- 32¼ 26¼- 29¾ 2 l - 26¼ .. . - ... . .. .. - .. 18¾- 20¼ 82¾- 81 84 - 86 8378 - 1:,3¼ 83 - 87>1, b6 - Stl½ .. - . . 85½- 91 8:}¾- 89¾ 84½- 81½ 78½- 88½ 82 - 82).t 8 l - 80 .... - . . . . ... - . . . . . . . - .. - ... .. 30 - 30 .... - . . . .. . .... - . . . . .. - ... ... . - • . . 30 - 30 2½10 28½85¼30½Vl't,1.... ... . . . . . .. . . . . .. . . . 88 Amer. Dli.t. Tele!lraph. 32¾~mer. Grn.1111 TwlnP. 8~½ 2!¾ 12 31~ 88\t 33 &:! :-ia 4~ 2 10½28½86 31 80 a3 42 - • l ljnni• 1 ent r~I st ock t,u!<t ct-rL1t1cat es https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 73 - 73 80 - 80 89 98½ l20 -128 191¾ -191¾ 53¾- 59 r 5-<i- 59¼ 52¾- 58¼ 56¾- 6$1; 59¼- 63¼ 61¾- 68 65¾- 69:% 66¾80½- 83% 8 ¾ - 84~ 79%- 82 81¼- 87 82 - 86¾ 82½- 85¼ 83¼- 87><, 86 60 - 66lk- 62½- 70¾ 64¾- 69½ U7½- 74¼ t6½- 72¾ 67~- 71¾ 6g¾- 73¾ 'i2l¼- M.&O.8tocktr.c tf s . .. .. - .. . Southern Pacific Co ..... 58 - 62~ Texas & Pacific .... .. . 37¼- 4011, Toi. Peoria & W e8t' n . . . . . Tol.St.L.&W.,v.tr. c th, 18½- 2 '½Pref., vot. tr. clf8 . ... . 35 - 3~ Onion Pacific Railwav... 9~¾-104~ Pret . ......... . ........ .... 87¾- 91~ Ri11hts ....... . .. ... ...... .... . . - . . . Un. N. J. RR. &.Canal. 280 -2 J Waba8h .. ... ... .. .. . . . .... . . 21¾- 23).( Pref ........................ 41¼- 431).;: Wbeeltn,i &. Lake Erie 17 - 18)., bt pref... . .. .. ...... .. . . 49½- 5:3 ~d pref..... ............... . 28 - 30 Wiscon. Cent.,v.rr,ctfs. 19¼- 21¼ Pref., vot. tr. ctls . .. . .. 39½- 42J<; VARIOUS. Allls-Chalmer8 . .......... Pi-et . ...... .. ......... .. ... Amer. Agric. Chemical Pref................. .. ..... . Arner. Beet Sua-ar........ Amer. Bicycle........ ..... l'.-ef... . . .......... .. ...... Amer. Car&Foundry. Pref....................... . A mer. Cotton Oil Co... . 4~~ ·4i· =44½ 1 39 44¾= 73 - 76 83 - 3 85 - 8::l .... - ... 192¼ -192¼ ... - . . . . . - . . . . . .... - ...... . . - ...... - .. .... . . - . ... ... .... - ... . . .. - .. .. ... - ... . .. 95½- 96½ P3¾- 96½ P4½- {15 - p;~::.::;~~ ~:~:tn~t;:~- -~~ -_ EXPRE~S. Adams ......... ..... ... ... .. American ................... United States . .. ....... . .. . Wells, Fara-o & Co . .... 71 - 79 - 3¾ 157'_ 2!J¾ 88¾ 32¾ 88 :6 4>-!I.,, 3 14¾28¾88¾::12¼88¼· 33 4>1 t - 4~ 10:X, 32,½ 913-,i 47¾ 97~ ::is 5~½ 3¼19 28~8:,½46 95½33 51 ¼ Ex right!. 8>. 26½ 31?4 91~ 57¾ 99~ 40 . 6 21¼21} 8:l¼51 98¾S;¾- 7½ 23½ 32¾ 91¼ 57 99 4.2¾ .Ml\,, !'i~½- 5!l 6~21 30¾90½51 P5 3i 561,( 7½ 23¾ 33¾ 91½ 52¾ 97 38 59¾ 6¾- 7~ 18¾- 21 31¾ - 33 81J¾- 92¾ 61}4- 53% 95 - 97~ 37 - 38 56 - 58~ 3½1 7½32 1:11¼60 96½88 57~- 7¾ 20¾ 34¾ IJ2~ 51~ 96½ 40 62¼ 1¼5 34 89¼47 96~36¼M - 3¼ 16 37 92¼ 55 96¾ 88 62 1 5 33 83½41:l 95 36¾1'>2~- 1¾ 6 37¾ 93¾ 54¾ 98 41 58 %4 - :-l3 So~45¾96 . ... 4R3j,- lx ¼- l¼ 6 35% 93.k, 54~ 99 ... 6 3tl IH~ 47¾ 98¾ 40 J9¾, 1½3t 80 39 97 35 fif\l\t 27 - 121 MI CELLANEOU 1902-Continucd . •JANUARY F'EBR'RY . .\1.ARCB. !'o1' 0CK!'O. MAY. APRIL. JUNE. JULY. AUGC'ST. SEPT.BER OCT0DEH :'IIOV 'BER. DEC'B:BR- Low.High Low. Hlllh Low.Hillb Low.High Low.Hig h Low.H ill b Low. Hii;?b Low. Hillh Low . Hh!b Low. High Low.High Low Hi11h ----------1 - - - - - - - - - - - - - - - - - - - - - - - - - - - ---- ---- - - - A mer. Hide & Leather Pref. ... .. . . . . . . . . . . . .. . . American lee Co .. . . ...... Pref. .... . . . . . . . . . . . . . . . . . . American Linseed .. .. . . Pref..... .. American Locomotive . P.-e f.... . ... . . .. . . ... .. .. . . American Malting..... . Pref.... . . . . .. . . . .. . .. . . . Am. l!!lmeh'a- & Refin'a .. Pl'ef... . . . . . .. ... . . . .. .. . . Amel"ico.n S n11fl..... ..... Pref................ . . . . . . . . A111er. Sreel .F ound.-lc1,1 _\~:.,~' : ~~~~~ u:~·f: c~::. Pl"et.. ... . .. ... ... ....... . .... - . . . .. . . .. - . .... ... 2fi¾63¼15 43 30½9 5 21 44¾96 - 2n¾· 117 64 25 21 53¼ 49 :'HJ.11 :n 114 92 7¼ 5 25 21 49¼ 45¾9 IJ7 40½- 40½ H 85 - 8 7¾- 28¾ 17 1..-,66 i'i\1 1-925¼ 21¾ 54 52 33¼ 31¼9:1 92¾6 5¼23½ 21 48¼ 46 9\J 1-17\.ti•5½ ,o IJ.! 140 - ... ... ;{J¼ I ... .... .. 28 •~ 1" - 20¾ Ii •'kl fi4 - 6"¼ 2·,¼ 21½- 27¾ 58 41l½- 57¼ H2¾ 30¼- 36¾ 94)1i 92 -100¼ 5¼ 5½- 6¾ 23 22 - 25¼ 47½ 43½- 48~ IJll½ 95 - ll8 68 74¾-106¼ ll4 92 -100 .... ... . . ...... - .. lU>!i!- ,,u½ 2i - 26¾ 50¼- 5·t :Ho/.(- 33½ 92 - 95 6 - 7¼ 24 - 25½ 4fl¾- 49¼ 97¾-100¾ 120 - 126¾ !JS¾ 100 . .. . .. 1221,(~1~~¾1;:;4·¾=1~~~ 12·t:¾=12A¾ i2:il,/i=134½ 131¼=134. · iii i.167-(=128¾ 125¼ -13~~. 123¾=13i¼ llh - 117½ 117¾-119¾ 116,½ -111<% 111'11!-ltO Amer. Tel. & Co.hie Co. 89½- 96 90 - 92½ 8! - 88 >-5 - 93 Amel'.Telepb.&Tt'lt'g.160¾-160/k, - . . . . 169 -172 L70 -18,1 118 -12ll~, 118½.ll9il<l ll..,~-12v 91¾· 92½; 88 - 8S 88 - 89 178 -183 173 ·179 163 -167 14 - 14 14½- 15¼ Rights . . ...... . . ... . . .. ..... American Tobo.cco Co . . HO -300 Pref... . .. ..... . .. ... .. . 140 -150 146 -151½ 150 •JGl 147 -151 American Woolen Co.. . 15½- 17 )'1! 15 - 16 14 - 15½ 13¼- 15 13¼- H Pref....... . . .. . . ..... . . 78¼- 79 77½- 78 77x;- 79 73 - 'i9 74 - 77 A8!1ocin.t. Merch . , I t pl .. . 95 - 96 95 - 96 95 - 05½ 95 - 95~t Brooklyn Rap. T.-ans. 63 - 68¾ 60¾- 67¾ 62¾- 68 63¾- 72¼ 64¼- 70 Brooklyn Union Go.s ... 210 -21~ 215 -222 2 17 -228½ 223 -242 231 -241½ Bruns. Docl, &C.lmpt. 10 - 11 10 - 12¼ 10,½- 12½ 11¼- 14¾ 12 - 13.x, Hutterick C o .. ...... .. . .. .... ... (;hie. l nion Trn.ction ... 10¾- 10¾ 14¼- 14½ 15 - 21 17.½- 23 1 18¾- 22~ Pref ... . . . .... . . ................ 44¾- 44¾ 53¼- to 51 - 57 Comm ercial Co.hie ...... 160 -Hi6 ... - . .. L50 -150 152 -158 Consolidated Go.s .. ..... . 213 -220;1,j 216 -223:Jf, 217 -227 223¼·23U¾ 219¾-~27 Cont'ntal T obo.cco, pf. . 115 -121 116 -117½ 116¾-124 118½-124¼ 119 -1~3 Corn Products .... .... . .. .. 33½- 3 ¾ 33½- 37~ 32¼- 35¼ P.-et ... .................. .... - .. . I ... 87½- 90 86 - 89¼ !:!6½rucible Steel o f Amer. 23½- 24¼ 23¼- 23¼ .... ... .Pref......... . . . . . . . . . . . . 86 - 86¾ 84 1i- 81¼ . . . 86¾- 87 85¾- 85% Detroit C)ity Gas........ . ... - . . . 65 - 71 Detroit United Ry...... . . ... - ... . .. Diamond Match .... ..... . 130¼-13Ef¾ 130½-138 136 -136½ 1$5¾-135¾ 135 -136 Distillers Sec't'tt Corp .. . .. . Distill'g, Co. of Amct·lcn 8¼- 9¾ 8 - 10 8¾- 9¼ 8¾- 9¾ 8 - 9¾ Ce t·tifs. ofdepo t,il ... . .. .... Pref...... .... . . . ... . . . 33 - 36½ 36¼- 41¼ 37¾- 39¼ 39¾- 42¾ 37½- 41¾ Cel'tifs, ol d.-po11H.. . . Go.s & Elec.ot Berg.(.;u. 29 - £9 · 66¼- 6i~ General Chemical. ...... . . .. Pref........... ... . . ..... . - ... . 100~ ·101½ 296 -324¾ 322 -334 300 -323 General Electric. .. .. . . . ~i6¾ 283½ ~80 -29 40 - 52~ Geo. A . Fuller Co ... . Ce1·tif-.. . of deposit ... ...... . 92 - 98 Pref.............. . . . . . . - .. ... Certifs. of depot.it ... . . ... - .. . Glucose Sugar Refin'g . 39¾- 51½ 43 - 50¾ . ... Tempor'y ctls. of dep . 43¼- 45 44 - 46¾ . . . . Pref. . . . . ...... . .. ..... . ... . 90 -102/k, 101½-110 112 -112 106%-106¾ .. . . Temp'y ctts. o f dep 108 -110 .. .. - ... . .. . H, B. Claflin Co . .. ... .... 102 -102 lute1•national Pnpc1·.. .. 19 - 21~ 19 - 21 19¾ - 23¾ 20¼- 22!}.i 20~- 2l!l<l Pref . . . . .. . . . . . . . . . . . . 'i5 - 77¼ 74½- 75~ 74' - 77 74¼- 76 73½- 75 International Silver... 6½- 7 6½- 6¼ 6¾- 12¾ 10 - 19¼ 12¾- 19¼ Pref.. . .. .. ...... ..... . ...... 45 - 47½ 46 - 47~ 47¼- 50 51 - 62 59 - 6;; Internati onn.l Power. .. 7 - 88➔.I 86 - 87 88 - 95¾ 95 -199 70 -135 Interno.t. Steam Pump 47 - 53¼ 52 - 53¼ 52¾- 57¼ 52.½- 55¼ 53 - 55 Pref .... . . ;,,·..... . ....... 7¼- 90 89 - 90 9¼- 94 110 - 93 90¼- 91 Knick. Ice (Cbico.ao) .. 16 - 16¼ 15 - 15 17½- 17!,f .... Pref........... . .. . ... ..... . 53 - 53 55 - 55 Laclede Go.s, St. Louis. 88,½- 90 90 - 91 90 - 90 89 - E9 Pref ... .... . ..... ..... ... . . . 108 -110 t05 -109½ 102½-102½ .. .. 109 -109½ Manhattan Ben.ch Co.. 12 - 13 12¼- 14½ 13¾- 17¾ H¼- 19 14¼- 16¾ llletropol'n Securities.. - . . . 115 -115~ 109,½-117¾ M.eu•opolitan Street ... 159:)(-173 167¼-174 lM -169¾ tl50 -167 t46 -152½ 1 ····1···· - ... ····1 ···· - ru1!'!~~~·s:E....-(Chi~·.-):: .. 40 = 43 ... 38 = 39½ 40 - 41½ 89 - 91!1,t 46¾- 53¼ 106¾-109 16¾- 20¾ 81 - 86½ 19 - 23 Pref... ............. . . 90 - 91 90 - 90 No.tlonal Blscuh.. .. . . . . . 4:i¾- 46J.i 4-l.,½- 49 Pref............... .. ... 104½-106 105½-109 National Lead Co....... . 15½· 19¾ 17¼- 19 Pref........ . .......... . .. .. 78¼- 86 82½- 82½ National Salt........ ..... 20 - 30 23 - 23 Pref ....... . . . ... .. .. ... .... 61 - 70 64 - 66 New York Air Brake . . 15i -162~ 152~-168 N. Y. Dock ..... .... .... . ... 13¼- 14 12 - 13¾ Pret ..... .. ... . .. .. . .... .. 42 - 44 39½- 42 No. Am. Co., new &tock 88 - 94% 91½- 95 Po.clfic Mail 8. 8.. . .. ... . 45¼- 48½ 46 - 47¾ People&' G.-L.& C., Cb . 98~- lLtl 99¼-102 PreSBcd Steel Car ....... 39 - 42½ 39 - 41½1 Pref . . .. . .. ...... ..... .. 83 - 86¼ 82¾- S!h, Pullman Co. (The) ..... . 2L5 -223 tUI -222½ Railway Steel-Sprlna .. .... Pref.. ..... . . . . . .. ... .. Repub. Iron & Steel ... . 15* 17½ 15¾- 17¼ Pref . ... . ..... ........ .. ... . 68 - i O 68¾- 71~ Rubber Goods Mf1r .... 171}4- 19½ 17¾- 19 Pref... ......... . ...... ... 67 - 70 66 - 70½ SllverBulllonCert&... SloH-Sheffleld St' I & J. 29½- 30½ 30 - 33 Pref ... ... .. ... . ... ... ..... 82 - 83 82¼- 83~& Stand. Rope & Twine.. 4 - 5½ 4½- 6 Texas Po.c. Land Trust 35 - 38½ 36¾- 44½ Third AvennP .... 122 - 126½ 124 ~134 + Ex rights. b Ex-stock dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9¾- rn½i lO~- 18¾ . ll¾- 12¼ 8'l,t'- lO~ :·!ti - 39 3-l - 37 111,,,- I 1~. P~- J2¾ 32 - 4ti¾ 3.:i¾- 45 \ 37 - 43½1 35 - 38¾ 36".!- :-$:-<¾ H6 - 4~ 22 - 25 22¾- 24¼ 22½- 25 20 - 23 l!', - l ll 11 - lo 51 - 55½ 52 - 5~ f2 - 55 44½- 50 41 - 4~ :ii•¼- H 31½- 3:-1¾ 31½- 34:X, 29¾- :H 2R½- 31¾ ~6 - 811¼ :!:N ~9~ P3 - 94 93 - 91\ 93 - 97 ¾ 92¼- 95¼ 8U¼- 94¾ 110½- 1'5\14: f>¾- 6¼ 5¾- 6½ 6 - 7½ 6 - 6½ 5½- 6¼ 5 - 6 22.½- 22½ 22½- 24½ 23 - 29 22~- 23X? 22 - 25 22 - 25 46 - 47½ 46 - 48¾ 44 - 4 ¾ 43¾- 48½ 37 - 46 37 - 43" 97 - 91:! 97 - 98 l:14¾- ll7½ 94 - 96½ 7½- 95½ 9¾- 94½ 121 -124 117 -121)'1!121 -130¼12 -135 1:15 -130 121:i½- 130 9 • - 99½ 97¾- 98 99 -100 99½-101 fl8 - 99 94~- n .... . .... .. - ... .... - . . .. 12 - 15 ... ... - ........ - .... .... - ... . 40%- 43¼ 38¼- 42¼ 12¼- rn 9½- 12¾ 10~- 13~ , 10¾- 12¼ ll½- 11¾ 20 110 - 61 ~3¼- 271Ji, 511¼- 57 2\J¾- 84¼ 91 - 95¼ 5¼- 'i½ 22 - 26~ 43½- 49¾ 95 - 98 102¾-120 95 - 99¾ 1:¾ 148 13 40 93 41 99 89 83 220 -160½ - 16 - 45 -127¾ - 411~ -103¾ - 42¼ - 86 -240 16¼- 18½ 71¾- 75 l'i~- 22¼ 66¾- 74% 64%-55¾ 33 - 34½ 83 - 84½ 5¾- 7¾ 41 - 42¾ 12'li,i-132 4~~ 3!¼= 90 - 90 49¾- 52 L07 -109½ 17'¼- 20¾ 85¼- 89¾ 15 - · 15 38 - 39½ 90 - 90 47 - 50½ 105 -10 18¾- 23X! 87 - 91 154¼-196 156 -174 20 - 23 18 - 21 46 - 56½ 53 - 54 121¼-132¾ u s -130 41 - 44 37¼- 4~~ 101¾-105½ L00¾-105¾ 40 - 46½ 43 - 50¼ 83 - 89 83 - 88 234 -250 234 -245 24 - 34½ 29¾- 33 80 - 88 85 17 - 20 16¾- 19~ 72¼- 76 72¼- 75¼ 19¾- 25¾ 19½- 23¾ tl9~- 74 67 - 72 .•.. - ........ - . .. 32 - 33 30 - 31 81¾- 83 80¾- 81 6 - 8¾ 7¾- 8¾ _40 - 42 35¾- 41¾ 130 -1 31 130 -131¾ =133¼ ii·;½-127¾ 11~ 119~-122 118)8-122 118 - 121 11.J 90 - 93¼ 90 - 94 IJO½- 95 h7 164 -174,½168½-172 161 -164¾ 161 15¼- 15~ .. .. - . ..... .. - .... . .. 1~~~-1~~¾ -123¼ -lllJ¾ lltl~-120~ - 94 -161 162~-162¼ - . . . 148 -14 145 -145 144 -145 145¼-U6¾ .... 145 -147 12n- 13½ 14~- 15 147,(- 15¾ 14 - H½ 13¼- 14 12 - 13 74,½- 76 ':4¾- 79 77,½- 77,½ 77½- 8 76 - 80 75 - 76 78¾- 78~~ 95,½- 95½ 95 - 95¼ ... - .... 95 - 95 .... 6tt¼- 6~ 67 - 72¾ 65¾- 70J.s 62¾- 72 60 - 65-U. 54¾- 65¼ 59~- 69¾ ·! 33 -237½ 23-l -240 237 -253 235 -247½220¾-236,½218 -230 2HJ -230 12¼- 12¾ 11¾- 12¼ 11 - 12½ 11 - l'?½ 11 - 12 10 - 11 'i¾ - 10¼ 41 - 50% 45 - 49 50 - 50 50 - 53 48 - 51¼ 49 - 51¼ 48 - 51 le¾- 19½ 13"¼- 18:}i. 15 - 17¼ 15¾- 20¼ 16¾- 11:) 14!4- 17'}i. ti - 157,( 52¼- 53h 4c1¾- 54 48 - 50 48¼- 57½ 49½ · 56 46½- 48¼ 4d½ i7 .. . - ... .• .... - .. .. 165 -165 174½-174X! 170¼ 180 17J - 175 160 -lt'O ·218!4-2~2 ·t2 L¾-225¾ 222¼-225½217 -226 211¼-222 l09 -~iS½ W5 -217½ 120½-li6½ 12lxi- 124 121 -125¾ 121 -125 119 -124¼ 116 -120 Ll4 -118¼ 28 - ~2¼ 27 - 31 2;'½- 31 31 - 36¾ 30¾- 31¼ 27¼- 32 ~t¾- 31 83½- t:7½ l¾- 85 81¾- 87½ 83 ½ 82¼- 85 bO - t3t.t rn~- t:4 21;4- 22}f. - ··· - . ... . .. - ...... . . . . . . - . . . . 84¾ - 84¾ . . . - .. ... .. . 71½- 85½ 5 - 90 86¾- 87¾ . .. . 75 - tO¼ 77 - 87 8~¾- 91 87½- 97 84 - 90¼ 84¾- 88 80 - f.0 1;14 - 134 135 -137¼ 137½-137~ 139 -139 . . . 137 -137 27 - 38 5 - 8¼ 4½- S¾ 4 - 4% . .. . 5 - 5¼ 4 - 5~ 4¾- 5~ 4¾- 5¾ 4¾- 5 4¼- 5J.s 32½- 36¼ . . . - . . . . 45 - 45 43 - 43 il4½- 42¼ 34¾- 37 31¾- 38¼ 35 - 37½ 34¾- 31l 32¾- 36~ 34 - 36~ ~6½- 37 64 - 66 98,½-101 JO.l -321½ !1.8,½- 53 63½- 65 100½-100½ blSl¾-315 49 - 61 94½- 97% 94¾-108 66¼- 66¼ 647,jj- 65 63¼- 64 100½-102 100 -103 101¾-102 184 - 196½ L82 -197J..ia 170¼-189 59~- 62 58 - 58 .... ... . - . .. . 60-62¼ .. .. 102½--108¾ 104¾-105 - ... 104½- 104½ .. .. - 62 - 63 100 -100 175 -lSi 60¼- 60¼ 99½-HO¼ 171 -183 57½- 57¼ 20 - 21¾ n¾- 75½ 12½- H½ 5J¼- 63 55 - 90 53 - 54½ 9 - 93½ 19¼73 12¾59¼6 52 90 - 21 74¾ 11\ 59¾ 75½ 54½ 92¼ - ... . 100 -100½ Ill¼- 23 19¾- 21¼ 73Xi- 75¾ 73 - 75¾ 11¼- 20 17 - 23 60 -65 3,; -65 67 - 70 69 - 77 52½- 53Mt 48 - 53½ 91 - 93 91½- 92¾ 13-13 . ... - 18 70½16,½37 64¾49 90 12 - 89 - 89 89 - 92 84 ... - .. . . 107½-107¼ 15 - 17¾ 141}.(- 15½ 13 - 14¼ 11 - 12 9 113¼-117¾ 117 -13.l½ 126¼-1!33 122 -127 118 147¾-151~ 147½- 152 147 -150½ 139,ii -149 135 ... - . •. . 90 - 90 4.7~- 48Jli 104¾-106 21 - 23 87 - 89 39 - 3'.l 90 - 1,0 <l'i¾- 48¼ 105¾-106½ 21 - 22¼ 87¾- 9 L62½-173¾ 1641,t-190 20¾- 27 21 - 26¼ 53 - 55½ 55¾- 5d 120 -125 121 -128 39 - 43 39¼- 42 lOO!J,t-102➔4 101 -107 46¼- 49:J;t 45 - 48½ 85¼- 87 85 - 88 235 -235 236 -250 30¼- 38¾ 30}4- 32~ 8! - 88,4' 85 - 8½ 17 - 18¾ 17 - 19:Jf, 72¾- 'i5~ 72¾ · 77 18½- 20½ li¾- 22¾ 65½- 69 63 - 70 52%-52l}.( . . .. - . . . . 31¼- 33 32¾- 39 81 - 82 82 - 3 6¾- 7~ 6½- 7¼ 37 - 40¼ 38 - 41 mt -131 lrn1)¼-13t 21 7331! 2 ~!-1, 45 3 52~ 95 12½ 17¼71 17 - ... 101 -101 19½ }6¼- 18~ 73 70 - ,2!)( 17 15 - 15 :1-:- - 41 40¾- 41¼ 55 - 77 49 - M½ H - 50½ 40 - 48¼ !)J-90 2-90 - 84 · 70 - .. . . 100 - 100 100 - 12 9 - 10 9 -124½ 117 125 117 -H2½ 135½- 143'◄ 135 39 - 39 38¾- 41 40½- 4Z 90 - 90 88¾- 88¾ . . . . - . . . . 47¾- 4 46 - 48:J:t 45½- 47 lOi¾-106½ 103:),.(-104%103 -10:,~ 21¾- 26 23~- 32 26,½- 30>1! 89½- 95 90¾- 9i¼ 92 - 96 37 - - 70 -100 - 11 -1297-( -146¼; 35 - 39~f 35 .. .. - . ... ... . 40 - 46 43¾- 46 t02½-1U3½ 101!}.(-103 24¼- 29 24 - 2 ¾ !JO - 94 90½- 93 185½-194¼ 176 -190¾ 170 -183lh 160 -177½ 160 -179 25 - 27 25½- 27X! 24¼- 24!-!i 23 - 21 20 - 2r 60 - 60 61¾- 6t¾ 60 - 63¼ 55 - 55 ... . 121 -124¼ 121½-13.l 117½-1~ 4 117 -124¼ 106 -119 39¾- 44¾ 41½- 47¼ !O½- 43 37 - 42¼ 37 - 40¼ 102 -106¼102½-109½ 99½-105% 98½-103~ 98½-104¾ 4.tl½- 51¾ 51 - 57 56 - CS½ bBi¾- 63½ 55 - 62½ 85 - 88}:( 89 - 91¾ 90 - 96½ QO - 94 89½- 93 240 -246 233 -240 230 -236 t22 -231 222 -230 30½- 32½ 32 - 38½ 34¾- 38 33 - 36¾ 33¼- 35¾ 88 - 89¾ 87 - 90 86 - 90¼ 87 - 90 85¼- fl9 18½- 21½ 19%- 241):i 19¾- 23¾ 18 - 22 17 - 21 75¾ - 78¼ 77!(- 63~ ';'6:!4- 81 74 - 79 a¾- 7 ¼ 19 - 21¾ 20½- 23½ 20 - 25}f. 19½ - 24¾ 20½- 23 67 - 71 68¾- 72 69 - 73½ 69 - i2J.4 6; - 72~ 52¾ -52¾ . . .. - .....• .. 38½- 65 62 - 83 50 - 71 60 - 67 5-1½- 59 82¾- 91½ 91¼- 95½ 88 - 94:J:t 88 - 92½ 89 - 93 7 - 7¼ 6½- 7 6 - 7,½ 5¼- 6¼ ~¾-- fi½ 40 - 43% 39 - 43¾ 33¼- 40~ 38 - 40 38 - 40 131~-l!H¾l28 -Vll 127½-129 123¼-128 122½ 128 MISCELLANEOUS STOCK -BOSTON BONDS. 122 I 902-Concluded. JANUAHY l<'ERH' HY . MARCH. APRIL. MAY. JU~lE. AUGUST. ~EPT'BER. OCTOBER.. OV'BER. JULY. DEC ' BER. STOCKS. Low.High Lnw.lligh Low.High Low.High Low.High Low.Hillll Luw.Hillh Low.H•llh L'1w.Higb 1,ow.Hiizh Low.High ,,ow.High ---- Toledo Rys. & Lia-ht... . Twin City Rap. Tran .. Pref........... . ...... .. . . Rhrhts ....... ....... ..... . Union Bair & Paper .. . Pret ....... .............. . United Rys. lnv.ot S •.F . Pref ....... .............. . . U. s. Cast Ir. Pipe & I• Pl'ef...................... . V. S. Leather ........ ... . Pref...................... . U. S. Realty & Const' 1, Pref ................... .. U.S. Reduc. & Refin .. Pret ...... ................ . U.S. Rubber Co ....... . Pref ...................... . u. S. Steel Corporation Pret....... . ............... . . l'a.•Car. Chemical. . ... . Pref...................... . Vulcan Detlnninu; .... . . Pref .... ....... . . ..... ... . Western Union Tel'gh .. Westingh. El.Mf1l,1ts .. '1 l tpt•,f. .. --- - - - · - -- - - - - - - - - -·- - - - - - - ---- 35 - 35¾ 32½- 35 36 - 38 l07 -111¼ l09 -11:l¼ ll3 -120 llS½-124 ll77,(-123 ll8J4-t21~ l19 -125 L22;14-129 L21 -127½ 114½-123 l13J.8-120J.! l12 -117½ l58 -158 -15 L58 ... . l56J4-156¼ ••.. -157 L57 . . . ··• lf:8 -1511~ 1¾- 1¾ 15 - 1tS 14 - 15¾ H¾- 15~ H¼- 16 11½- 13:h 13½- 14½ 13 - 17)1 15½- 17½ 15¾- 18¼ 15 - 16 so - 82 79¾- so~ 75 - 81¾ 80 - 85 787-(- 81 72 - 74'.kt 74 - 82 81½- 82½ 81 - 8! ... - - 65y. 117<1- 12x 79¼- 82~, 14 - 15½503,g- 51~ 41¾- 46¾ 92¾- 97~ 60 - 63~ L:20¾:-121!,\ 10½42 ll½i- 12¼ 111,g- 13¼ 12¾- 14¾ 12¾80;):t- 8:h_ 80:l:(- 83¾ 82¼- 86¼ 83xt- 38l11- 42 63~:(- 66½ H - Vi o/.1 51 - 59¾ 43 - 4~¾ 93 - 95¼ 60¼- 62h l23¼-123¼ 40 - 44~ tH - 68 Hi - 18¾ 55¾- 64 41¾- 43¾ !J3¾- 95¾ 62¼- 70¾ ll!3 -123¾ 13'h, 47 14 851$, 39 - 43~ tl3 - 65¼ !4¾· li=h 5ti¾- 60 3:::~:(- 42½. 94¾ 8&¼- 92¾ 68¾- 76:k, t:lll¼- 75 ¼ 130 -133½ 131¾-134¾ 39¾63}(;Hl¾5:S½· 40¼923,g- 44 6:i3£ Hl¼ 63~ 43h 11¼42¾l.!½83¾- 12\)t, 11½- 12.!,,. 12¾- 16¼ 15 - 17 11 - 12¼ 45 - 46¾ 46 - 59 53 - 58 43¼- 47 45 13¼ 12 - 13½ 12¼- 130 1374- 15¼ 13 - 15¼ Sd¼ 83¾- 85/h Si'>¼- 870- 87½- 91¼ 87~- 91¼ 31}-s- 32 ,4 - 75x 33 - 3i½ 32 - 3!1 30 - 36 38 - as 36½- 40 57 - MJ¼ 57½- 57x 5 - GO 62 - 65½ 61¾- 65 lf> - 16!1:, 16~- 19~ 17 - 19\)f. 14.}4- 17 1-l}g- 15 52.>g- 65:}, 65 - 57'.j;-, 1 56 - 5i¼ 55¾- 59% 5! - 58~ 39¾- 41 ➔ 3~¾- 42~ a--¾- 41 ¾ ~G¾- 40, 37}-s- 41 Si½· 9v!k,J ¾- 92~ 9¼- 9 :¾ S'i½;- 112 Si½- Ill~ h ti8½ · 7V½ 67¾- 'iO¾ f:16¾- 69¼ 66½- 73¼ 64¾131¾-13L~ J129 -130.½ 129 -130 l29 -131 ¾ L27 -130 1 90¾- 9:1 L€9¼-1 l l..,0 -18J 4f> - 54 10½- 12¼ !½· 9¾ ~o - 31¾ 20 - 27¼ ti-1½- U½ ().;~- ';'2½ l!6 - 33 25 - 25 15¼- li!,. li¾- 17¾ 49½- 58 29¾- 37¼ ~o - o :.l:1½- 33h 29¾- 32· 80 - 81½ 0 - 1 - 9 -207 -210 oo~- 91~ 89¼- 91\H. 90 - 94i¾ eS¾- 92¾ 88 - 92¼ ~4¼ti2}1;-180 1178 -199 19.; -230½ [205 -222 ~10 -2H :Jl>5 -214 13 -l!l l8U -190 19:3 -234 2LO -224 212 -217 t u -1 2 + 11:x r ght11. PRICES OF STOCKS ANO BONDS IN BOSTON, PHILADELPHIA AND BALTIMORE . Below we show the highest and lowest price!:! of bonds and stocks at the Stock .Exchanges in Boston, Philadelphia and Baltimore for each month of 1902, taking, in all cases, actual s~les as the basis of compilation. BOSTON BONDS IN 1902. JANUARY lfll:BB'RY . M.A.8.CB. APRIL. MAY. JUNK. JULY. AUGUST • ..;gpT•Be:R 0CT UB.&:ll NuV'B11:1:t. UEC'BER. BONDS. Low.Hlllh Low.Hlllh Low.High Low.High Low.High Low.High Low.HIJlb I.ow.High Low.Hil!'h Low.Hlllh Low.High Low.High 99 - 90~ 99 - 99¼ Am.Bell Telep .. 190~.,1 99'-li 100 Am,Telep.&Tel.'~H .4 99 - 99¾ 99¼- 99¼ 993,g- 99~ Atcb. Top. & San. F General, 199~ .... ... . 4 102 -103 102 -103 1027,( 103% 937,(- 9! AdJU8tment, 199~ . . . 4 91¼- P5~ 93><a- IH Stamped ...... ....... .4 92¾- 92~ . .. • Boston Elec. Light .. . 1> . . .. - .... lll -lil Bo8ton&llle.-1942 ... 4 99¼- 99'½ .... Boston & ltlon.-1904. 7 105 -105 84 - 86'i,t 85 - F9 Boston Un. Gas, 1st ... ~ 83 - 1:5 6tl - 60½ 60 - 65 ~ . .. . !ld, 1939 . . . Bort.C.R.&No.-lst.;J .. .. Burl. & Mo. RiverIn Neb., exempt l11t .. 6 l21¼ -121¼ l20½-120½ l21 -121~ - ..•. In Neb .. non-ex. 1st .. ti 105¼-105½ 105¾-105½ Sink. f11nd, 1910 .... 4 09¼- t0U .... ~ .. Inc Cent'l ofGa.-'ld 3d prf't. Income...... . ~ Central Vermont, lst.4 85 - Sll~ 88¼- 89½ 89 - {10 Chic. Burl. & Q,-hl .. 1 lOl - 104¾ LO!i!,4-10!1¼ 10! -10!¼ Denver Extenslon .. . . 4 100¾ 101 LOl -101 lOl 101» - .... Debenture, 1913 ... . ,') ... - . ... Ill, Div., 1949 ...... 3½ l02~·102~ l02)1i-102» LOl~-102 1013,s·lO!¼ Iowa Dlv., 1919 .... 4 104 -104 8. W. Div., 19~1 .... . 4 100~·100¼ tOO -100~ l00¼-100~ l(ll - 1,,1 Denver Div., 192:1 . .4 .... - . .. Nebraska Ext. . ..... . 4 .... - . .. Cb.J.K'y & U. S, Yds.~ lOP -110 108 -110 l0·¾ -109~ H etundlnll, 1910 ..... 4 1017,( lUl¼ 101:l,ti-lUl~ L00¾-101 Chic. lllll. & St. PnolDubuqoe Olvlslon ... . 6 l29)1i-120!,,fi L30!,(-130x l3l -131 Wlscon81n Val. Dlv.. ti 12~ -12~ Chic.& N. lUlch.1931.:> lu9 -109!,f, 109 -109 LOY~ uo Chic. & West . !Ulch .. .. ~ H9 109½ lOli¾-llU l09~-H9~ L09l,4·109!,4 Conc•d&Mon.,19~0 .4 . . lH¼·lH~ .. . - _.. . Uonn. & t'aes. Rt ver .. 4 .... ... - .... lOlJ -106 Current River-1st . .. ~ Det. G.R .& W •• 194ti.4 100 -101 l0,%-101 100 -1003,4 Dominion Coal, lst .... 6 111 -111 lll -111 ao -111 Ea8tern, lllaH., 1906.ti UOM-111 ll(}¾ 110~ llO¼ 110¾ Eaalern of Minnesota.~ .... - ... . .. - .. . Erle Teleai, & Teleph.1909 .... ...... .......... ti 104¾-tOS½ L09~ ·1\0 19~6 .. ...... .. . . .......... ~ 105-tlOS¾ 19~8-.................... :> 96-tlOO~ 102 -102 1929 ...................... ~ 95 · tlOlJ.11101 -101 Fitchburg, 190-t ........ 4 .... 100¼-100~ 19~) .. .... . ...... . . ... . 4 .... 1903 .. .................... ~ . .. . 1908...... . . .. ........ ... ~ . . . Fremont & Elk Horn.ti 138 -138 Uo8tamped ....... ..... ti General Elt-ctrlc ... . . . ;l Gt,No. - C.B.&Q. coll.4 95¼- ~6~ 94~- 96 . 9,i~- 96¾ R.ellistered .. ......... . 4 96}( 911¾ 05¼- 95~ 94¾- 0i½ Ho1111ton Electric ....... ~ .... - ... .. ... - ........ - ... llllnols eteel-19 lo ... ~ 101 -101~ LOl~-102 lOl¾-102 Non-convert., 1913.. ~ 1017-1102 LOll'(-102 101~-102 188¾-138½ Ja. Falls& 8,C.,lst.7 ... Kansas City Belt ...... ti .... - ........ - . .. K. C. Clln. & Sprlnai .. ~ 105 -106 105 -105 Kan. C. Ft. S. & G ..... 1 .... - ... . 1143,s -l14J.1i 114¼-114¼ 99 - 991f 93¼- 99~ 98 - 99¼ 98 - 99 09¼-100 Ol¾ - 100 09 - 99¾ 99¼- 99~ 99'4 -100 89¼· 99~ 99¼- Wk- 99¼· 99~ 99¾- 99~ 99¼- 9J7Ai 99 - 9Jl}.i 98¾- ll9~ 98 - 99¼ 98 - 9S¼ LOt¾ 104 l02½-103 l02 -103 102¾ lDa¾ l(J2 -102~ 101~-102½ 100 -102~ LOO¾ 101¾ 100 -101~ 01:1:(- 91'¼ 89¼- 91¾ 96 - 96 94¾ · 95~ 96½ - 9f\½ 96½- 07 93~ - gg~ 03¾- 03¾ IJ3¼ · 94 01¾- 92¾ 01½- 01~ 91¾- 91¾ 92¾· l>S!}.1 . ... - 104 -104 F5"'- 90 62 - 71 69 - 96:1,a 94¼ 97¾ 097 - 9S¼ 03 - 99½ 96¾- 98 65 - 78 078 - 82¼ 78 - 82½ 78 - 78 63 - 73 - .... l02¾-102½ .... - 96 - 99 71 - 79 120¾-121¾ L2Q¾-120¾ 119 -119).d 119 -119 105* 106½ l05½-105~ . ... LOO -100 llS -118 L21 -121 121 -121 L05½-105½ . ... - 99 - 99 43 - 43¼ 30¼- 30.l-1! ~6¾- 87 lOl -lOlx l00~-100;14 lOS~-108¼ 99¼- 99!,4 l02 -103!,4 .. . - . .. 97 - 99 73 - 81 98 -103 75 - 79 - .... 1173,s -117¼ 89 - 90 80¼- 90 103¼,103¼ 103!,(-103x l00¾-101 lU0~-100~ ... - .... tu7¾-107~ l02 102¼ L02 · 102 l04"'-104~ ... - .... . ... - ... . 88 - 88!1! €8%- 89 89 - 90½ 89¼- 90 l03 -103Mi l02¾-1U2¼ 102 -102~ t02 -102~ 100¼-100½ lOU½ ·lOU~ I00~-100~ 101 -101 108¾-108½ .... l0~-l00½ lOIJ -109 101 -1013,4 LOI -101 - .... 106 -106 - ..... _. - .... 106:)4-10~ L09 -109½ Ll 9 -109'¼ 109~-100¾ 100¾-110 l07¼-107~ 106 -107 106½-107½ 97 - 98~ . • . . 99 - 99 100 -101 LOO -100 - ... - .... 109;:(-110 109½ 11~ . ... - .. . . 115 -115 106 -106 ·1003,g ~ ll0¾-111 109¼-110 tal½-182 131½-131~ 109~-110 lOY~-110 LOl¼-101~ l04 -101 131½ 131~ 130~181 llO -110 l09¾-l09½ - ... - .. 99¾- 90¼ 87 - 87½ 86 - 87 lOl ¾ 101¾ lOL -101¾ ... - ... 100 -100 9iJJ,4- 96¼ 96¼- 96¾ 99 - 99¼ l8')¾-130~ . ... - .... 128 -128 l27¾·127~ l30~-lSO~ . l21! - 128 110 -UO l09¾-109~ l08¾ 109½ l08 -1oi-x 10s -1os 109¾ 109~ l09)9 -109¾ t09 -110 108 -100~ LOS -108½ - .... . ... - ... . - ... l05½-105J,t llJ7 - 107~ h ~ - 99~ 91J¾ lUO¼ 99½ 100 YO~ 100 !XI~ 100 l!,9~-110!,4 110 -110¼ uo -llo;.i 110¾-110}! 110 -l10l4 tOI)¾ 10~ L09)4-109½ Ui9~ 109½ . ... - .... 108!,4-100 ... . - .... l037,(-105~ 127 -127½ 127 -127 101~-101¾ 107~-108 . ... .. 99 - 991h LIO -110 107%-108~ lOll¼ 103~ l02¼-104;:( PS - 99~ 9J - 91)¾ lOII · 109 109 - 110 l0,¾ -107~ 107 -107¾ 110¼-110½ lll~ · Hl~ .... LOl -101 - • . . 107 -107 - • . . . 138¾-138¼ l3S -138 .. 94¼- 9~ 94 -95 94)4- 95}4 94 - 94~ l38 - 138 135~-135½ .... 13S -138 186 -136 i62 -262 IJ4 -95 95 - 9o!Jil 94¾- 96¾ 93¾- 95 O!l¾- 96 93~- 94➔.i 92¾- 94¼ 94}.(- 94~ 94M- 94:J4 .... - • . . . 94¾- 04x 93).- DS~ 02%- 98¾ 98 - 98 - ........ - .. .. 101 -101 101¾-101¾ - .... LOl¾-lO'J 102 -102 101¼-102 LOl¼ 10~ 101¾-102 lOl~-102 101¾-102 101¾ 101~ LOl -lO'J 100¼ ·101~ LOI -101~ 101¾-101½ ... - .... 132% -13241, ... - .... 188 -183 - .... l16 -116 - ....... - .. .. . .• - •... l05¼-106 L06 -106 106 -105!-t 104:1:( -104;14 103 -103 103¾-103¼ 114 -114 114¼-114¼ 114¾-114¾ l14 -114~ ... - ........ - . ... 113 -113 tt3 -113 112 -112 , KA.n.C. Ft.!-&.& ltfp,n _H 19~1-( 12n 194¾ 195"6 125¼ 125\6 126 -12/i 125~ 12R 12fil,,,- 12n¾ 125~-126 125~-126 l24~-12ol,(, l23'4 -12-i L23 · 1231tl21 -122¾ t Auer J11n. 7 prices are for N!it. Shawmut .li11n.k certr~. or depoelt. b After July lU prices are for T,· ust Co. certlttcates. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 123 BONDS .AND STOCK . BOSTON BONDS IN 19O2-00NCLUDED. ,fANUARY FEBR' RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 'iEPT'BER OCTOBER NOV'BltR DEC'BER. BONDS. Low.High Low.High Low.High Low.High Low.lligh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Kan. C. Mem.& Blrn,.99 - 9P½ 9A¼· 98).§ 118¼- P8~ Genero.l mortiia1re ... 4 99 - 99½ 98 - 99 98½ 9J - P3 95 - 97¾ 95 Income ................ :) 84 - 95½ 94¼- 96 92 - 93 98 - 95 9'"- 95 Old Col. Trust rect11 . ... . K. ·C.& ll1.Ry.&B'1re.:) LOS -108 t08 -108¼ t09½-111 ll0¼-111 tlO¼-llCl¼ K.C.St.Jo.&C.B.-lat., l15¼-116}d l15 -lHil,4 114!!-.!-115 lH¾-111¾ ... Lnm8on Srore !'lerv ... ~ . ... - ........ - ........ - .... Little Rock & Ft. S ... . 1 106¾-LO:»{i 106¼-105¼ l05¼-106¼ L05¼-105¼ 106 -105 lllalne Central. 191!l.11~-130" .... - ........ - ........ - ... l'Uarq. B. & On.-l11t .. 6 .... 82½ 81¾- 83¼ 82¼ · 84¼ 81 - 82~ lUexlcan Cent'l-1911.4 82 - 82~ 31¼- 34¾ 38¾- ll5~ St!);(- SIU 30}(- 88 1•• con. ln,c., 1939 ... 3 82 - 32 23 - 2-1,t 20¾- 20% 21¼- 21½ 21¾ - 24 ~d con. hie., 1939 .... :i .... !Ulch. Teleph. tr. rel'. ~ ... - ....... . lllion. Gen'J Elrctric .. ~ 103 -103 104 -104 t04 -104 N • Eull• Collon Yarn .. ~ 108 -104 t03 -108~ LOS -103½ 103 -103¾ iO~¼ 103~ 54}.t- 58 56¼- 61 b52 - 60 N. Enii. Ga11 & Cokt> ... ~ 65¼- 513½ 53 - 63 New En1r. Teleiiro.phL04 -11)4 L0~-103½ LOS -103 1.UOS................... . ti ... l05 -105 1907 ..................... ti .... - •... 104 -L04 1906 ....... . ........ .. .. 6 .... - ... . l07l,i 107!,,t 191:i ............. . ..... .. ~ ... l'iew York & N. Eull. ht, 190:J ............... . 1 109~-10~ L09¼-109½ L09¼-109¼ 108¼-109 tOo¾-108~ 1st, 190~ ....... ..... .. . ti L00:)4-107 L06~-106¾ 106\.6 106~ 106¼ 1063,s L05¾-105¾ 102¾-lOt¾ . Orell• Ry. & N., 1946.4 . ... - ...... . - .... 125 -125 Oreiion Short Line . . fl 128¼ ·128¾ l27 -127 - . . .. L23¾-1231>4 . .. Ports. Gt. F. & Con. 4½ .... Republican l 'alley ..... ti . .. - .... 106¾-10"~ Rutland-1st mort- .... ti tot -101 lOl -101 lOl -101¼ L0°"-101 L00¼-100~ Rutland-Canadian .... 4 ... - .. . 102 -10;11}.i L02 -102 Savannah Electric .... ~ .... Seattle Electric. l11t ... ~ l05 -106 L06 -106 l06Ji-1U7 105¼--106 105~-106 . .. - .... 103%---103¾ Union Pactftc-1941 ... 4 - .... 105¾ lU(',% t04,¼-104¾ 106¾-107~ 106,¼-107¾ lat lien, conv.,1911.4 United Fruit ........... ~ Verm. & ll'Io.H., 1903.~ We8t End ................. ~ LOO¾ 100¾ 10()¼-10()¾ 100¼-lOOJi 100¼-100~ L00¼-100¼ 1914 ................... 4~ l07¼-107~ 107¼-10i}4 107,:!-107¾ lOi~lOi¼ 107 -107 191G, debenture,1 .... 4 .... - ... . 1911, llOld....... .. .. . 4 .. - ... L03¾-103¾ l03½-10S~ .... - .... L03¼ IO~ 1.91:i ... ................. 4 .. - ...... - ...... . - .. ..... - .... L02¾ 10~ \Vest. Tel'ph & Tel .. ~ 103¾-103:J;t 10~-106½ l05½-106~ lOi>,<;-106 105½-105¾ ll9!j4 -ll9¾ \Vi11con8ln Vo.II . . l •t .. ? b After April ~o prices are ror '!'rust Co. receipt . ·81¼- 98~- 99\t 911¼- 99# 98~- 98x 98½- 99 98¼- 99 90 - 90 91¾- 91½ 91¼- 93½ 93 - 93½ 90 - 90 ll0¼-110~ .. . - ........ ll4¾-ll4-'.)ji us~ 114 L13 LOO t05 -106 105 ·105 l06 t28}4-128l,i 128 -128 99 - 911 oo - IH 98¼- 99¼ 00 - 00 -118¾ 112¼-112~ lll -111½ .... - .... 110 -110 -100 -105 t05 -105~ t04 -105 - .. 118 -118 81 - 82% SL¼ 82¾ 81¼1- 82¼ SH~- 82 79 - 8:J, 31¼· 3ll,i 33 - 33 .... 21~- 21½ . . . . 86-86 o5 - 88 79 - 79~ 73 - 76¼ 22¼- 25¼ ... , - 108¾ 103~ 103 -103~ LOa -103!,j, 103 -10434 LOS -103l,i 102 -103 65'¼- 69 .•.• 55 - 61~ 60¼- 67¾ 65¼- 6811 65 - 68 l05 -105 53 - 83 l02 -102 t08 -108½ 104 -104 - .... l07'4;-107l}a •O~¾-lC~ l06 -106~ l07'¼-lO~ l07¾·10i¾ L05¾-1051J4 l05¼ 107½ 104¾ 104J1 l04~ 101~ L04 -10! - .... t(X%-ll10~ - .... L23¼-128½ L2-i¼-124¼ l25M-125¾ .... L07 -107 LOO -100 L06 -106 L07¾ - 107;►.t L00¼-10~ ... - .... l03¾ 103~ L05¼-105¾ - .... l05 -106 - .... ll7¼- 97~ 106¼-106¾ L06 -1061>li 105~ -106 - . .. . .. .. - .... 107¼-1097,( .... - .... llO°½-lllJ¼ - .••. - .... 100 -100 - .... LOS -108 - .. . L0.4¼-104!>4 - .... .. - . .. . l05}4- l 05;1t t05¼-l0~ l04 ➔-{-105¾ L05Ji ·l05¾ L02¾-102¾ 106¼-108¾ tlO -111 105 -105!J;! l02¾ -102lf, l05~-106½ t06¾ ·110 104¾-105¼ . • . - .... l02¾-105_¼ L07¼-110 LOl -101 103?.(-103¾ .. . tOS¼-104 l04½ 105 l04 -104% 103¼-10!¼ BOSTON STOCKS IN 1902. IAl!i'UARY FEBR'RY. MARCH, APRIL. MAY. JUN.I. JULY. AUGUST. ~EPT'BER. 00TOHER. NOV ' liEi;j. OEC'Bll:R. --- --- --- --- --Pr,clla pllr ,oore, not Pll'T cmt - - - - - - - - .Par. Low.High Low.High Low. Hillh Low.High Low.High Low. High Low.High Low.High Low.High Low.High Low.High Low.High - - - ----Atch.T.& ~o.nta Fe.J 0(1 ---- ---- 74.¾- 81½ 76¼- 78;Js 74~- 78!4 77¾- 84~ 77¾ - 81 --- --- 79 - 83 97¾-100~ 96➔.f- 9~ QS¼-101 Pret . ........ .. . ...... l OU 95¾ 103¾ 96~- 98J1, 95~- 98 ... . 108)4-109½ Baltimore & Ohio .. I OU . - ..... 108½-lOt~ LO<l¼-106½ Bo11ton & A lbo.oy . ... J 00 t61J,.( -264 t62 -265 !6 ·t -2tl6 t63 -265 260 -266¼ 259¾-268 Boaton El., tr. rec .. } UO 166 -170 l61¼-ltS3Xi llH½-173½ l63 -171 L63 -168 165 -166 Rl1lht11 . ... ~ubscrlpt'n receip1s Boitton & Lowell. ... lUO :t41 -245 t46 -246 B011ton & lUalne .. ... 100 191 -ms l!Jl,(-1118 Pret.. .............. ... 100 l72 -172 Boat. & Providence.) OU .ro1 -306¼ 306 -306¼ 63¾- 68.½, B'klyn Rap. T•ro.n. 1041 .... Cauo.d nu Pacific ... 1 UO .. . . ... Cbeitap'ke & Oblo.ltJO Chic. & E. IIJluol"' .. 100 .... - .... L47¾-147¼ Chic. Gt. Weatern.1 OU ... Chlcn.lloJunc. R'y .. lUU 153 -167½ L52 -156 Pref.... . . ........ .. . 1 uo 130 -135 L32 -133 Chlc.Mtl.&~t.P .. 100 Chic. & Nortbwelll.100 Chic. Ter, Tr., pf... 100 Cl. Vin. Cb. & l!!lt.L.1 uu 05 - 99~ 10!'-(-1049,4 22 - 22 Col. & l!!louthern ... 100 ll!ltpref .............. 100 ~d pret ......... ...... 100 28¼- 28½ 85 - 35 Coo.& .lUont.-Ul.l. I UU c1a11s a ............... 100 . ....... 1uu ~02 - 202 202 -202 Ulau 4... Conn.& Pa111)nm.,pf.lUU ... - .... Ul6¼-166½ Oonnecdcnt River .. ] OU too -290 200 -296 Delaw. & Hud•on .. 100 .... Denver & Rio Gr .. 100 ... Det. Hill ■ & 8. W .. 100 .... Fitchbura, pref ..... 100 142 -145 l4!~-146;i, Geollio. Ry. & .Elec.lOU .. .. Pret .................... 100 G't Nortb'n, pret .... 100 .... - .... 184¾-184¾ Hocklnll Valley .... 100 .... Illinois Central ...... 100 .... Riiihts ..................... .... - .. .. Iowa Central ........ 1 00 .... K.C.Ft.~.&M.,pf.100 .... - ... . Loulav. & Naabv .. 100 .... lllalne Central. ...... ] UO 172 -177 175 -175 lUancb. & Law'ce .. 100 .... lUanhattan Elevat.100 .... llla88. ~lectrlcC011.lOO 33¼- 36Xi 33¼- 37~ 93¼- 97¼ Pref ................... 100 92 - 95 ll'.l~xlcan Centro.1. ... 100 2d - 29¼ 28 - 29 Mex. ~atlonal. ..... 100 15~- 15~ lllln. "'l.P.&8.l!t.!J.1.,100 lllo. Ko.n. & Tex .... 100 .... . .10•• . Pref . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .. !45¼ -246>11 L91 -195 173¾-173,( 306 -307 .... - ... .... 247 -248 t93¼-209 178 -183 i05 -807 70 - 70 U0 196 306 ---- - - - - - - - - - ~61 -263 ~58 -262 l5v -164 152 -160 - .... 25c.- 25c. 2uc.- 1 - .... 75 - 77 ~38 -242 Ul½-245 -:UO 237 -246 236 -245 -203 198J,.t-203 199 -203 199 -201 196 -199 .... - ........ - .... 177 -177 -306 297¼-305 299¾-305 :JOO -800 !00 -305 66¾- 66}4 ~60 -262 164' -166 t59 -260 l53 -157 .... .... .... 44½- 47¾ .. . 145 -147 148¾ 144¼ L43 -144¾ 148~-145 L42 -146 -&58 -259½ ~6¼-269 163 -156 t49¼-166 74 - 77 73 - 743,t ~40 -2!1,4~ 240 -242½ 194 -199 190¼·195 L71 -175 L75 -175 ;JOO -300 ,!00 -303 .... • • • . 59~ 69~ - •••. L2~-129:J:4 48 - 48 47¾· 47¾ .... t5 1~-151}¾ .• - ...... .. 30¾- 30¾ 35 - 85 28¼- 28¼ .... L54 -172 L6l -172 166 -170 162 -170 169 -167 157¼·160 t50 -160 L50 -157 IS0¼-186 136 -136 135 -135¼ 185 -135 180 -133 l2d -128½ L25¼-127 125 -12~ - .... t91 -195~~-192¾ .. L76¾-186¾ ltSS -168 168 -170!,4 .... .. .. 255 -2L5 2~¾ 228:Jii .. . 37 - 37 l02¼-102~ t02¼-106 - .... LOO -100 25!,r 25¾ 75 -75 44¾- 45¼ 43U- 43¾ .. 35 - 85 L99 -1Y9 l97 -197 - .... too -200 too -200 199¾-200 LOO -200 t99 -199¼ 166 -166 - •••• 164 -164 L60 -164~ Ld0~-161 l62 -162 L60 -160 162 -162 - .. .. ~ -285 295 -21J5 - .. • . 21l5 -295 ~ -280 - l07¼-107¼ 146 -148 L46 -14S --- 81~- 93~ 91 - 95~ 87~- 96½ 83¾· 91½ 80¾· 88~ 77¾- 8!¾ 98 -10~ 97¼-l~ 91».!-100~ 98¼ -104 102 -105 100 -106 - .... 15> -155 L28 -128 72!,r 75 t38 -239 l91 -194 L76 -176 M¼- 6i¼ t50 -168 123 -125 . ... l96J,.(-196¾ l9iJ -199 t96¾-196~ L60 -162 161¼-162 ~ -285¼ ~:IO -280 l56 -156 142 -144 l'f2 - 148 LU -142!1( 4-i}:(- 44!,4 il~- 41~ 35 - il 83 - 83 80 - 81 83 - 83 .... - .. .. 160%-160% 1603,s-16[>¼ 96¼- 96¼ ... - .... L53~15~ . .. • - .... 11¾- 11~ 49~ · 49~ ... 83~-83¼ .... - 86!,(- 86¾ 87¾ · 87}4 ... . 78~- 7~ .... - ... . LOS~-10~ 130 -130 .•. - .... 178~-178½ L7~178½ 176¼-176~ ... - •.• l73¼-178}ii l72 -173}ii - ....... - .. ~50 -250 - •••. t35¾ 1 ~ ... . - •••• 88¾- il:$4 85¼- 39!4 33:).(- 39 35 - 38 36 - 37:$4 37~- 46311 tO¼- 45¼ 42 - 45¾ 40¾- 43 96 - 9~ 9i!J4- 96¾ 95 - 98 97½- 98 97 - 98 96 - 97lki 96¼- 98½ 96¼- 9~ ·97¼· 99 26¼- ~ 26¼- ~ 29 - 30\14 29¼- 30¾ 26~- 28¼ 2674- 26~ 2:.!¾- 23~ 28¾- 81 27¾- 31 l73¼-173½ 175 -175 - ........ - ... 131¼-131~ 81¼- 81¼ 33!,.(- 38!4 57~- 57¼ L73¼-17S¼ 14S¼ ·148¼ 83 - 37¼ 921'- 97 22¼- 25'4 BOSTON STOCK . 124 BOSTON STOCKS IN 1902--CONTINUED. STOCKS. JANUARY FEB 1ARY MARCH. APRIL. MAY. JUNE. JULY. AUGUST. 8EPT 1BER. OCTOBER. N0V'BER. DEC'BER. Pr~es per aha.re, not i,er cent. ---- ---Par. Low.High Low.Hillh Low.High Low.High Low.High Low.High Low .High Low.High Low.High Low.Hi1rh Low.Hbrh Low.High Ml Houri Pacific .... 100 N. Y. Central ...... . 100 Rlahts..... ... .... ... . .. ... N. Y. N. H. & Hart. 100 N. Y. Ont. & West .. too Norfolk& Wesa.'n .. 100 Pref ..... .......... . .. l 00 Northern, N. H ... . ... 100 Norw. & Wore., pf'.1 00 Old Colony ............ 100 Pennsylvania......... . ~O 10~¾-106¾ 102 -102 •• . - •••. 101¼-101~ 101 -101~ ..•• 11'5 -165 . .. - ... 162~162¾ 161¾-162¼ 160~-161¼ .. . . - . . . - ........ - . . . 5 - 5¼ . ... - .. . 210 -212 210 -212!1,! 213¼ •21 214¼-254' 35¾'- 35¾ 8~- 34¾ 32¼- 32¼ .... - .... - ... . .... - lllll,!-11~ .... - . . ... - ....• . .. - ....... 108~10S½ .... • .... 1631¼-168ll:!157~-157~151¼-161~ 152)4-156~ 149%-149% 229½-24'5 229 -238 230¾ 241¾ 232 -236 230 -237 225 -282 220 -229 222 -228 - .•.. 69¼-69¼ .•• - - ... . •··· · ... . .... - 92¾'- 92¼ .••• 170 230 210 . ... :::~~~r·~::::Ej :~ ·71 -175 172 -176 -280¾ . . . . -210~ 210 -212 - = 83½ 70 _ 79 - .... 284½-286½ 236¼-288 212 -218 212 -217 75~ 75!',t ... . - ... 171½-171½ •••• - •... 175 -175 282 -232 232 -232 238 -233 233 -285 . . . • - .... 282 -234 232 -232 209 -210 208¾-211 209).(-211 211 -211 209½-211 209¾-211 2093'-210!,t 75 - 77¼ •••• - . •• 77 - 77¾ S0ll:!- 81¾ . ..• - .•.. 79 - 81¾ 77¼- 81!1i ~~ ~:% ·7t= 7t :~~ =~:l ~~½~ ~i~ :~~ : 82 Pref............. . .... ] 00 80 - 88 83 - 85~ 83 - 87 82 - 85 79½- 83 1 82¼- 85 84' - 91 Prov. & Worces . .. . 100 800 -301¾ 300½ 802 800 - 300 - •••. 300 -800¼ .•.. Quincy Brldare ...... . 100 ... - .... 198 -198 .... - . .. . ... Readlna ............. . ~o 28 7- 16 .•.• - .. . . 381-16-38% 319-ld-32¾ 31 - 38!1,! . .. . 1st pref....... .... .... :JO .. . - . . . . H - !lel 40 - 40 . . . . - . . . . . . . • 2d pref............. ~ O .. .. 35 - 35 • • .. - . . .. 36¼- 36¼ • . • . - .... 34 - 35¾ . . .. - . . • . 1 Rockhl'dCo.,pref.1011 .... - ... . . . . . Rutland, pref.. ..100 108 -120½ 115 -118¼ 114¾-122~ 118½-125¼ H -120½ ! 75 - 82 75¾- 79½ St. L. & San Fran .. 100 64 ¼- 64¼ .... 1st, pref... ....... . . 1011 ... - . . . . ... . 2d pref ........ ....... 100 'i~- 74¾ 75¾• 75¾ 72~- 72¾ 75!1,!- 75~ .... - .... I···· St. L. Southw., pf .. 100 ... . - ........ .. - .. . ... . - ... . 60¼- 60).( ••.. 67%- 67~ Seattle Electric ..... 100 68 - 60½ 59 - 71 73½- 75 75 - 82 82 - 90 81 - 83 83 - 83 Pref........ . .... .... . 100 106¾-108 106¾-108 106 -110 106 -107 107 -108 105¾·106¾ 105½ ·108¼ Rlarhts............. . .. . . . . . ... 60c. - soc.... . Southern .............. 100 .. .. - . ...... . - ... . 36¼- 40 37¾- 38 87 - 87 .•.. - .... Pref ... . ....... . .... . 100 - .... 95¾- 95¾ ...• South. Cal.pref .... 100 21 - 21 .. . . - . ....... ... - ........ - ··-- 1···· - .. . .... Southern Pacific. . . . ] 00 61¾- 61½ 63%- 67¾ 63¾- 65¼ 65!J,t- 68¾ •... - ... 64~ - 64¼ •... • •• . Texas & Pacific.. .. 100 ... . Union Paclflc .. .... . . 10, 00:11-104½ 98½-104!,4 98¾-100~ 00¾-107¾ l0lll,!-105¾ lO!l - 10~ 104l}.(-110½ .,ref.................. 100 87¼- 90~ 87 - 90¼ 86¾- 88¾ 87 - 89 87 - 88 I 87½- 89½ 88M- 93½ Rltrl1ts .... . . . . - ... . Vermont & MaH . . .. 100 172 -178 li6 -176 - . . .. 175 -178 Wabash, p1•ef. ....... 100 . . . .... - ... . .... - .. .. 46~ 46% .. . . West End ... ....... . . ~o 94 - 95 94¾- 97 · 96½- ll9 1)5~- 93¾ 95 - 96¾ 95 - 96¾ 94)4- 96 Pref . . . .. .......... .... ~o ll2¾-115 114!,,{-115 115 -116~ 115 -116¾ lU - 115¾ 113 -117 113 -114¾ Wh. & L. E,, htpf.100 .. .. - . .. 54¼- 54¾ ..•. - .... 55,l-9- 64¼ ...• Wisconsin Cent'J ... ] 00 19½- 19½ 20¾ 20¾ 22¾- 22¾ 23½ · 23½ 28 - 28 2tl¾- 27~ 3!¾- 34'¼ Pref............. . .. . . too 39¾ · 40~ U¾- 41¾ •••. - ••. . 4.4½- !l4~ ill - 50¾' 48¾- 50!4 .... - ... . Wor.Nash.& Roch.100 150 -150 148¾-150 152 -162 151 - 161 150 ~152½ ... . - . . . . 150 -150 75 - 81 85 - 88 79 - 85¾ 79 _ 81½ 79 84' - 87 81½- 86 80 - .... 800 -800 300 - .... 195 .... . .. . 206 -20~ .... - ·~~~ ~·~ : . : St - 8t 80 - St -300 -196.l,1. 190¼ 195" 87½- 37~ . . . . ...• - ... . 70 - 76 70 - 79 - ... . 81%- 81~ 67 - 73 79!1,!-7~ 6i11;- 72 81½- 81~ .•.. 83 - 85 108 -108 81 - 87½ 80 - 83 81 - 81 104'½-108 103 -105% 103!1,!-105 80 - 80 103 -101> 39¾- 40¾ 88¾- 88¾ .. . J • ••• - - •••• 1 MISCELLANEOUS. Am. A a-rlcul. Chem. t 00 21 - 2t¾ 22¾- 24¾ 21 - 23¾ 22 - 30¾ Pref ................... 100 81½- 84½ 8! - 86½ ~ - 88 82½- 88 Am. Car & F'y., pf.. 100 88¾- ~ ..•• Amer. Hide & L .... 100 . ... Pref ................... 100 ••· - .. • .... American Ice ....... 100 ... - ... . .... - .... 18¾- 18).( Pref ... . .............. . 100 .... - ....... - .... 62 - 62 55¾- 55¾ A mer. Locom., pt ... 1 oo 92½- 9!l¼ . . . . Amer. Pneumat.Ser.~• !le .- 4 4 - 4¾ · !le½- 8½ 6¾- 8).( Pref... .............. . ~O 28 - 30 28½- 29!,4 28¾- 35 32 - 35 Amer. Smeltlnar .. .. . 100 .... - ... - ........ Pret ................... 100 .... - .... . .. . - ... . .. . - . .. . 97%- 97% American Sugar.... 100 llfl¼-128¾ 125)4-132 128%-135¼ 123 -133¾ Amer. Sugar, pref.. LOO 115 -117¾ 117)4-119½ 116¼ 119:J4 118 -120 Am, Telep. & Tela-.100 157¾-163 155¼-159¼ 155 -175 173 -185¾ Rhd1ts .. .................. . .... - ... . .... - ........ - . . . .. . !5u bscrlpt'n receipts . . .... - ... . ... - ........ - ........ Amer. Woolen ...... . too 15½- 17¾ 14!',{- 16 14¾'- 15¼ 13 - 15 Pref ............. . ..... 100 78 - 8~ 77 - 'i9 77 - 79¾ 73 - 79➔.I Anniston Land ... 100 .. .. Boitton Land........ 10 . .. . !le - "-¾ .. . . 4 - 4 Boston Water Po·w er. . .... Boylston Street Lond.. ... . Cent. D. & P.Telear.100 .... Cocbeco Manuf'a- ... :)00 200 - 200 .... Col • .Fuel & Iron ... . 100 ... . Col. &Hock. C.&J.100 ... . 20¾ 2~ •• . • Cumb.Telep.&Tel.100 126 -126 12! -124 122½-130¾ Rlahts.......... . ...... .. .. . 5 - 5¾ .... - .... Distlll'arotAmer ... JOO .. . . Pref ............ . .. . ... 100 . . . . Dom. Iron & Steel. t 00 25 - 3~ 28¾- 38¼ 30:l(- 48)4 47 - 75 Rlabts. .. ... . .. . . .. . . . . - . . . ... - ... . .... - ........ East Boston Land.. 8¼- 9¼ 7~- 9¾ 8 - 9¾ 8¾- 9% Edison Elec. Ilium. 100 244 - 269½ 253 -258 255 -270 267 -2'i5 - ..• . 60 - 60 7 ~ 72lk! 80¼- 80% .. 57 - 59~ . . 52 - 52 !l2½- !l2¼ .... 107¼ 113 102½-112~ 101¾ 107¼ 98½-104~ 93¾ ·101%, 91½ · _94¼ 90½- 92 89 - 91!!:t 89 - 92¾ 90 71 - 93 37½c-o7¾c .... 175 -175 174¾-174¾ 173 -173 174' -174' 17!l½ ·l74¼ - .... 50 - 50 .... - ... . .... - .•. . .... - ... . P5 - 116 98 - 96 92).g- 93½ ll8:Jt- 95½ 94)4- 95 113 -114¾ 112 -lU 113 -114 113½-114 111½·11~ ... . - 30¾- 30~ 28!',t- 28¾ 27 - 27)4 ... 51 - 53 55½- 55¾ . ... 150 -Hi0 .... - .... . ... - .... 145 -148 25- 28!J,t I 25 - 27¾ 26 - 82½ 26 - 30½ 23½- 27 85 - 87¾ 85 - 87½ 85 - 91 87½- 90 83 - 90 1 26 - 26 150 -150 22½- 24½ 20 - 23½ 19 - 22¼ 78¼- 85 78 - 82½ 76¾- 82 - . . . . 10 - 12% 11%- 18 11½- 11¾ 10 - 10 - . . . 42¼- 4'2¾ 41!}i- 42¾ . . . . .•.. - .... 1•••• .... - . .. 37 - 37 6 - 91¼ 5 - 9½ 32½- 37'>.t 21 - 86¾ 4 ~ 48!1,( •• •• - ... . .... - . . .. 1 125 -1S0½ j124¾-129% 118 -120 118 -119¾ 177 -184 b162½-181 1 13¾'73!43:)43 - •••• 41 94½- 94¼.... 91 8 7½- 9¾ 8 - 9l4 6¼- 8¾ 5¾- 7¾ 5¾24 - 27'9 28 - 31 28½- 30½ 25½- 28 2:3 - 2!3 21 ... . - ••••••• - .... . ... - •••• • •• • - •••• 88¾- 38:J:t . ... 5)4- - ••• - ••••••• il 91 7 21> ... . - 124¼-184¾ 119 -120 163 -167½ 14¾- 15~ 181%-183Ul24e -133 117½-127¼112¾-123 117%-130¼ 119½ ·122 US -128 118 -121 115 -120½116¾-121 163 -174)4165¾-178 161¼-168 158':(-165 15i~-165 14¾- 15¾ ... - ... . - ... 116 -118½ 111 -115½ 107 -110¾ 105~-111 14%i 18 - 13:X, 13 - u 14 - 14½ 14½- 151':1 18¾- 15 13 - 14¾ 12 - 14 76¾1 '74!',{- 77 U¾- 'i8¼ 77 - 78½ 78 - 80½ 75:!:(- 80 76 - 78 76 - 793' . ... 18 - 18 4)4- 4¼ 4¾- 4¾ 4 - 4'A !I}(- 4~ 4 - 4 ~ 4 - 4 3½- 3~ 4, 4 3 3 - s . .. • • •· 118 -118 ·.·..-- J.··.·.·. 1···· .... 78 - 78 129¾-130% 123!',{-128!1:1124½-128 125 -126 128 -128 125 -127¾ 125 -126 124, -126 • ... - .... 1•• • • 9¼- 9¼ '10 - 40 .. . . - ........ 50 - 68½ 61 - 57 52!4- 6i~ 61¼- 71!¾ 60 - 78 4'6¾· 65¾ 52¾- 61~ 52¾- 63 ·01 -·01 ... . - .....••. - •....••. 8 - 8'4 8 - 8hi 7½- 8¼ i¾- 8 7½- 8 7½- 7¾ 7 - 7~ 7 - 7"' 27! -285 275 -280½ 278 -280 280 -280 275 -280 267¾-277 265 -270 262¾-268 1 1 1 2~½ = ½ = .~ .. 7% ••.• General Electrlc .... 100 276 -288¾' 278¼-297½ 295 -824 822% 882➔.! 310 -828 805½-322 *183 -316 184 -196>t 184M-197 171:1:1-188¼ 176 -187 172 -188 Houston Electrlc ... 100 .... - .... 60 - 50 49~- 50 4'7 - 47 49½- 49>ti 49¾- 4'9¾ . ... · P1•ef.................. 100 90 - 00 •• J. • • •• 94, - 94 92 - 92 92 - 93 93 - 93 Indo•Eaypt Comp... 100 1 1 - 4¾ 1 - 2¾ U¼- l¾ fl¾- 1½ 1 - 1¾ •... 2~- S 3 - 3 3 - 3 Interna.l'I But.•H.... 10 .... 2 - 2 .•.. 2¼- 8 2¼- 3 8 - 3 .... Internn.t'l Paper.... 100 .. .. 19¾- 19¾ Pre1 ......... ...... .... 100 75½- 76½ . . . . Lawrence lUan't'a.100 137 -137 MaHSachu1t'tt11Gai;.100 .... - .... .... - . .. . .... 87 - 41¼ 36¾- 4.lln 36!1,!- 42¾ Pref......... .......... 100 .... - .... . .. - .. . .... . 85¾- 87!,4 82 - E6~ 83 - 85 Meraentbaler Llu .. 100 170 -174, 173¾-178 178 -188¼ ISO -183 180 -188 182}4-183 182 -186 185 -186 183½-190 185 -188 187 -188x 179 -190 Merrimack, rhihts..... . ... - . ... . . . . - . ... . .. . - ........ - ........ 75c.- 75c. 40c.- 50c. Mexican Telephone .. ] O 2 - 2¼ 2 - S 2 - 2% 2¾- 3% 2¼· 2¾ 2¼- 2~ 2 - 2~ 2¾'- 2½ 2¼· 2¼ 2 - ~ 2 - 2~ 17-r 2 Minn. Gen'l Elec ... 100 35 - 86 35¾- 60 56 - 60 75 - 75 76 - 76 76 - 76 .• . • - . . . . 76 - 76 77¾- 77¾ 76 - 78 76 - 76 76 - 76 Pref ................... 100 ... . . . . 103 -103 106½-106¾ •..• . •. .••. . .• . ...• - .•. 110¼-ll0J.i ... - .• i . Nat'l Biscuit, pref.. 100 .... - .... 108¼-10~ .. - ........ - ••.. . ... - .•. 103¼-103¼ National Lead ....... 100 .. · 21 - 21 ..•. 23 - 23 21~- 21½ .•.. 28 - 24'¾ 26¼- 28 ..•• N. E. Cot.• Yarn, pf, 1 00 89 - 90 89 - 8~ 89 - 90 89 - 89 89 - 92~ 891¼- 93½ 89¼- 00 88½- 89 88 - 88 8~ - 88 87 - 87 87 - 87 N. Ensrl'd Hn.11 & C . . 100 5 - 5~ 4~- 3~ 5 - 7¾ tS¼- M( 3~- ~ ~- 4 8~- ilk 4!1,!- 6 4\o 5½ 4¾- 5\.6 .... o Ex-dividend ttnd Tights. t After April 'ell prices are tor Old Colony Trust Co. certfs. fC1ty Trust Co. receipts. *New stock. § After April 25 prices are for Old ColOf V Trust Co. receipts. E~~ar;~~~~:&-r~i~~·i·oo 1!~: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ·is 2i·· :::: = . . .. - 1 = ·::.1 .... - ~ = 125 BOSTON STOCKS. BOSTON ~TOCKS IN 1902-CONTINUED. ~TOCKS. JANUARY FBBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER Nov'BER. DEC'BER. Pricea per share, not per cent - - - - - - - - - - - - - - - - - - - - - - - - - - - Par. Low.Hl~h Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High. - - - - - - - - - - -1- - - - N. Ena. Teleph'ne .. 100 185 -141 189 -141 140 -146½ Rlahts..... . . . . . . . ... - .. . . ... - . .. - .. No. A111e-rlcan Co ... 100 .... - ... . .. - ... 117 -117 People .. • Gas(Chtc.)100 .... - ... . .... - .... 101¼-101½ Plant'rs'Comp-ress.100 8 - 12½ 7%- lO!J,J 8 - 13 Plnnters' Comp. (new) .... - . . . . . . - . . . . ... · Pref.... .. ....... . . . . . . . . . . . . . . . - . . . - .. .... - ... . Pullman ()ompnny.100 216 -223 218 -223 219 -240 Reece Buttonhole.... 1 O 6 - 6¾ 7 - 71>a 7~- 8:U Repub. Ir. & St;.pf.100 - ........ - . ... 76~- 76~ Rubber Goods Mfa-.100 . .. . - ... . .... - ........ - .... Sa-vannah Electric. 100 ... . - ........ - . . . . ... - . . . . Pref. .. . . . . .. . . . . 1 00 . ... - . . . . .. . - . . . . . .. - . . . Street Ry. & Ill. Prop . .... - ........ - ..... .. SwUt & Vo ....... . ... 100 100 -104 104 -107 108½-105½ Rla-bts .. ..... . ... ......... 10 - 10 .. .. - .... . .. . - .. Tenn. Coal & Jron .100 ... - .. 65!1:(- 65lJt 69½- 69x Terre Haute Elec . . 100 .... - . . . . . .. - ... . ... . - . ... Torrlna-ton, Class A.2~ 27 - 27 26¾ 26~ . . . . - . . Pref . . .. .. . 2~ 28 - 29 28l)(- 29 28 - 29 Un. Uop. Ld. & .l l'a-.2~ 2 - 2 l½- 1~ 2½- 2~ United F..-ult .. ...... 100 Sa½- 90½ 87 - 90 89 -105 United Shoe illach'y.~~ 46 - 49 4f}½- rn 46 - 49½ Pref ................. . . . ~~ 29 - 29'A 29 - 29~ 29 - 29¼ U.S. Leather ........ 100 11~- 12 11¼:- 12¼ 11~- 18¼ Pref ................... 100 80¼· 82 8lJ,(- HI~ 82~ 82~ U.S. Rubber .. ... ... . 100 18¾- H 15¼- 17-U 16¾- 17½ Pret.................. 100 49 - bl 50½- 59¾ 66 - 62¼ U.S. Steel Corp'n .. 100 41%- 46~ 48¼· 44¾ 41¼- 4:{~ Pret.................. 100 92%- 9i½ 93¼- 95)1, 93½- 95~ West End Land .... ... 2~ .... .... - .... '72½· 1 West.Telep. & Tel.100 20¼- 29!,.a 27 - 80X! 26¾- 29 Pref.. ........... . ... 100 96 - 96 91 · 97 91 - 96 w. Union Tel'a-ph .. 100 on~- 91~ 01½- 91X> - .. Westing. El. & ll'Ifg .. iiO i-6½- 90 86¼- 110 89¾-100 Pret ..................... ~o 89 - 95 89¾- 91¼ 90 -100 Wollaston Land ........ ~ 1¼- 1¾ ... . .. ... . - '-.. 146 -151 145 -150 147 -149 189½-147 142 -143 139 . .. - . . . . ... - . . .. .. 7¼- 7¾ .... - ....... ... .. . . . - ....... - .... .... - .....•. - . .... .. .... - . . . • ... - ... ... .. - ........ • ... . .... - . .. . .. H - 8½ 5 - 7½ 5½ · 6¾ 8¼- 5 ... - • .. . .... .... - . . . . .. - . . . . ... - . . . 80 - 39 88½- n 40 - . . . . . - . . . . . . . . - . . . 80¾- 85 80¾- 84!1.( 80 235 -218 226 -245 235 -287 285 -250 244 -2i6 236 8 - 8½ 8 - 9 9 - 9 9 - 9~ 9 - 9 9 ... . - ....... - .... . ... - ... . .. .. - .... . ... - .....•. 22¾· 22U . .. - ... . ... - ... . .... - .... . • - .... .... . . . . .. . - . . . . ... - . . . 81 - 81 30 - 30 .... . .. . - . . . . . . . - . . . . . . . - . . . . 93 - 9i 93 - 93½ 90 .... - ... . ... - . .. .. ... · - .. . . . . - ... -H.3~ 137 -139½ 136 - .....•. - ... . .. .. - ...... . - ... . ... - .... . ... - .... . ... - ....... - . .. . .. - 41½ 82 - 37 28 - 81 76 - 76 80 -2U 232 -238 222 - 9 9¾- 10~ 10 - ... . .. . . . .. - ... . .. .. - . . . .. . - ........ - .. .. ·25 - 92 . . . . - . . . Sil . .. - . .. 4¾- -139 135 -139 - ....... - ...• ... - ••.• • ........ - .. .. ... - .. .. - 32 21 - 21 - 80 . . . . - .... -233 226 -231 - 10 9¾- 10 - .... 78¾- 7~¾ - ....... - .. .. - 25 25 - 25 - 90 91 - 91 4~ .. . - •. . . •• • - •••• 105 -106½ 102 -106 108 -127 126 -177 144 -169¾ 145 -166 160 -166~ 117 -lf:19¾ 116¾-134 . ... - ... . .... - ........ - .. . ... ·- ........ - ........ - ... - . . ... .. - ... •••• 1 ... •. - ...... . - ... . .. - . . . . ... - . .. 64%- 6~ ... - . . . ... - ... . .... - ... . . . - . . . . ... - ... . .... - . .. . 50 - 50 .• . - ... .•.. - ... . ... - ... . 55 - 55 60 - 67¾ . . . . - . . . . 26½- 26½ 26¾- 27 26½- 26½ . . . . - . . . 26½- 26x 26 - 26½ 26 - 26½ . . . - .. . . 28 - 29 29 - 29 28J,(- 29 29 - 29 .... - . ... 29 - 29~ 29~- 30 29¾- 30 29 - 29¾ 2 - 2 2 - 2 2 - 2 2 - 2 1~- 2¼ 2 - 2 1¾· 1½ ... - .•.• 101 - 1C8 105¼-110 107½-118 U0½ ·114'J,; 111 -114 110½-117 109 -113 l06 -112 1106~-111 48 - 55~ 54 - 57¾ 58~- 55 58 - 531J,i 53¼- 56¾ 58}2- 5':" 52 - 5'1\k! 49 - 52~ 47 - 52¾ 29 - 83½ 81 - 33 81¾- 32¼ 31 - 81~ 31 - 31~ 31 - 82½ SO¾- 31➔.I SO¾- 81 1 30½- 81 18¾· Hlk, 12'.%- 13¾ 12¾- 13½ 12 - 18!-<! 13 - 13¾ 18¼- 15¼ 18½- 15¼ 12¼- 13~ 11~- 12¾ 83¾- E6'¼ .... - . . . S3¼- 86 Bi¼- 84-U 85¾- 87¾ 87 - 91½ 89¼- 90~ 88½- 90¼ 88¾- 89~ 17 - 18¼ .... - ....... - . .. 14¾- 16 16%- 16¾ 18¾- 19 18¾- IQ¾ 16 - 16 68¼- 61½ 57J,(- b9½ 55 - 55½ 52 - 55¾ 56 - 56 58¼- 69 56 - b7~ 62 - 57 1 50¼- b2¾ 40¼ 43!Ji 39 - 42 36¾- 40¼ 87¼- 41 39¼- 41½ 89 - · 42½ 38~- 4c1½ 85ll4- 40!,a 29½- 86-U 92¼- 94½ 89 - 92~ 87½- 89!,t, 89 - 92¼ 89¾- 90~ 87¾- 92 87¾- 911'a 82'.%- 88¾ 79¼- 86 ·go -1'12x, .. .. - ... . ·20 - ·oo .. . . - ... ..... - . . . soc.- soc . .... - . ... 75c.- soc.- soc.- 80c 28 - 33½ 28 - 30½ 27 - 30¾ 29 - 31 29 - 81¾ 28 - 80x 261)a- 29 2i - 28 22 - 25 1 06 -106J.!! 100 -102~ 100 -10.l 101½-108!-<! 100 -102½ 99½-101 97¾-101 97 -100 , 97½-100 !JO¼- 9! Ill¾- 91~ .... - ··• · 1'17:),(- 87!Ja 91¼- 91¼ . . .. - .. · ••· - ··•· .... - ... 88 · 89¼ 96½-115¾ 103½-111 104c¼-H8 l02 ·105 lOb -llll,4112 -115~ l06 -109'A l06½· 107 1 92 - Ob gg -117 105 •118 108 -10s 104¼ 1(15¼ 106 -110¾106½-116 104 -105 99 -105 us -102 .... - ... . .. . . .. - .. . .... . ...... - .... .... . . ... .. - ... .. - .... . ... - ... . 1···· - ... . 1 MINING. Adventure Con8ol. ... ~~ 18 - 23 19¼ 24 20¼ 28½ 22 - 24½ 21½- 21¼ 22½- 2:! 22¼ 24!,a 22 - 28 19J,(- 24 18¼-a21~ 14 - 20¾ 12½- 16½ Aetna Con. Quick81lv.l'> ... . · . .. · . .. 50c.-60c. . .. - .. . ... - .... .. - . . .. 40c.- 60c ..... - . .... .. . - •.. 50c.- 60c..... - ... . .. - . ..• Allouez ..... ........ .. . ~~ 2½ 3X! 3¼- ,t 3¾- 4!J,i 3¼- 4 8 - 3;14 US-16- 8¼ 2½ · 2'h 2¾- 2½ 2¼- 2~ 2¼- 2-U 2¾- 2'¼ 2¾- 3¾ Amalgam. Copper .. tOU 67¾ · 78 67¼- 78¾ 61¼- 70x 63¼- 6~ 65 - 71¾ 62¾ 69¾ 61¾- ~ 65¼- 68§fi 63¼- 71~ 62 - 6il,4 53)i- !!5 53%- 64¾ Amer.Gold Dreda-lna-.~ . .. ... 2 - 2 2 - 3!,a 2¼- 8¾ 2¼- 3¾ 8¼- 8¼ 3 - 3 2¾- 2¼ 2~- 2½ 2 - 2Mi 1½· 2 .... - ... . Am. Zinc Ld. & Sm .. ~.l 10 - 11 10 - 10 9¾ · 13½ 12 - 14hi 11¼ - 12 11 - 12¼ 11 - 16¼ 12¼- 14 12 - 12 11 - 12 10 - 11 6 - 7 Anaconda .......... .... ~~ 31 - 35 33 - se 30¼- 88 2i¾· 27x, 27~- 29 26½- 28% 24 - 2~ 26¼- 26~ 25¼1- 25x, 25 - 25½ 21 - 23~ 21 - 28 Arcadian ............ .. ~~ 3¼- 6},i 4~- 7~ 6~- 133,a 7 - 9.l-2 4!,4- 6~ 4:1,(- 5!1.t 4¼- 6½ 4¾- 5¼ 4½- 5 4¼- 5 4 - i!',t 3½- 5 A..-nold.... . . .......... ~~ 1 - 1 50c.- 1 1 - l 77½c-77½c 50c.• 75c. soc.- 80c 50c.- 50c..•.. - •... 65c.- 65c. 50c.- 75c. 60c .- 75c. 37½c.·50c. Ash Bed ......... ........ ~.) . .. . . .. . .... . .. .. . .. - . .. . ... - . .. . .. . - ...... .. - ........ - .... . ... - ... 20c.- 20c ..... - ....... - ... . Atln.ntlc ..... . . ......... ~.) 22 - 28 25 - 33 27¾- 81,<i 28 - 83X! 28 - 36 29 - 32 27 - 31 25 - 28 25 - 28 21 - 26 20 - 20 ... - .. . . Atlantic, $9•~0 paid In. - • .. . ••• - .•. . • • - •••...•. - ••. •.. •• - .• . . . • •• - ••• . .... - •.••. .• - .•. ..• . - . . . 7 - 8:J,t 6½- 9 Baltic Am. L. & T. rec. 3! - 40 38½- 49¼ 44~- 49 6!¼- 62 .... - .. . . ... - ... . ... - ...... .. - ....... - ... . .. . . . . . ... . - ....... - . .. . Blna-bamCon. lU.&~.;)O 20¼- 25 22~- 25!14 28}(- 27½ 25 - 89;1:1 31½- 89¼ 31 - 36,<i 31¼- 35 80 - Si 29½- 82!',t 27 - 29~ 24 - 28 26½- 29¼ Bonanza (Dev. Co.) .. to 80c. 87½c. 80c.- 90c. 86c. • 1·ob 80c.- 90c. 75c.- Soc. 7Cc.- 75c 50c.- 65c. 66c.- l 70c.- 95c. 60c.- 75c. 6f c.- 70c. 60c.- 70c. Boston Qulcksllver .. lU 2 - 2 2¼· 2¾ 2 - 2¼ 8 - 6 . ••• - •••. . . - .•. . .• • . • •• . .•.• - •....... - ..•....• - ••. . ••.. - •••• •. .. - •.• . Breece (Iron) .. .. ..... ~:) .... - . .. . ... - ........ - . . . ... - ... ..... - . .. . .. . - ... . . . - . .. 50c.- 50<'..... - ...... . - .... 75c.- 760 .. ... - ... . Brltl8h Columbia ...... ~ 10¾- 10¼ 8½- 9¾ 8¼- 10½ 9¼- 10½ 6;14- 9¾ 9½- 9½ 7 - 8¾ 6 - 7'.¼i 5½- 6 7 - 7 6!,4;- 6¾ 6 - 6 Calumet & Recla . . .. :l~ f:60 -630 600 -650 575 -610 533 -600 585 -565 560 -595 1\69 -680 526 -555 535 -565 195 -5i5 140 -508 420 -500 Catalpa (:Sliver) . ..... 10 li'c.- l2c .•••• - •.. .. .• . - . .. . lOc.- lOc. lOc.- 10c. 100.- lOc .. . . - ........ - .•. . .. - ....... - ........ - . . . . lOc.- 10c. Centennial.. ...... ..... ~~ 11 - 14¾ 11¾- 18¾ 16¾- 28 19¼- 21!',t 17 - 20¾ 17¼- 20 17½- 20:14 li½- 19 16½- 19!-<! 16 - 20 15 - 19~ 15 - 19¼ Central Oil. .. .. ........ ~~ 7 - 7½ 7 - 7 7 - 7 7 - 8¾ 8½- 8!14 8 - 8 8 - 8 7½- 8 7¼- ni1 6~- 6:¾ 6¼- 6½ 6¾- 7 Cochitl................ ... 10 70c. - 2 4bc.- 75c. 60c.- 65c 25c.- 50c..... - .... 3'.'c.- 60c..... - ........ - . . . . .. - ... .... ... . - .... .. .. - .. .• Federal Tr. Co. reels .... - ........ - ........ - . . . . 25c.- 40c. 45c. -50c..... - . . . . 85c.-b'.6 60c.- 1 60c.- 60c. 60c.- 60c 50c. - 50c. 30c.- soc. Con11ol. Mecur Gold .. . ~ l¾- 1¾ 1½- 2¼ 1!1:(- 2 l:ij- 2 L 18·16- 2 l¾- 2¼ 2 - 2¾ 2 1-16- 2~ 2 -2 3·821% ·21·32 l¾· l 31·32 l~- 1¾ Cont'l Zinc & Lead .. l O 2 - 2 2½- 2½ 2¾- 3\14 8 - 8:14 3 - 8.½ 8~- 4 .. .. - • . . . . . . . ... - . . . . .. . - . . .. . .. - . . . . . . . . - .... Centeu'I Zinc (ne~v) .. .:.) - . . ..... - ... ... - . .. . .. - .. . ... - . .. ... - .. 16 - 19½ .... - ... 17 - 17 15 - 163-1; 16 - 16~ 16 - 16 Copper Rangf', Ame1·. Loan & Tr. rec el Pl8. .. 52 - 62 57½- 78¾ 66½- 78 . . . . - . . . . . . . - . . . . . • . . - . . . . . . . - . . . . . . . . - . ·-. . . . . - . . . . . . - . . . . . . . - . . . . . . . - .... Cop. Range Consol.100 .... - .... 45½- 49½ 48¼- 49½ 49 - 6! b8¼- 61 52J.4- 59 52¾- 60~ 56 - 69¼ 54½- 60~ 56½- 65¼ 50 - 6~¾ 51¾· 59~ Crescent1ell-ver) .... . 10 .. .. - ... . .... - ........ - .. . - .... 5J,,(c.-5¼c..... - ....... - ... . .... - . ....... - .. . . . .. - . . . . . . - ........ - ... . Daly-West .... .......... :lO 25 - 30 20 - 28!,,, 18¼- 40% 87 - 42 ... . - ........ .... - .......• - .... . ... - . .. .. - ... . ... - . ... - .. . . Dnly-We11t(oe") .... ~t, - • . . . • . • - •••.... - .... 39,¼i-49 41¼-45!1,i 44½-50 48 -56 51 -bi 49½-68~ 4U -50¼ 82 -47 84 41 Dominion Con.I ...... 100 5! - 66 6i - 88¾ 87 -128 122¾-146 180 -142½ 185¾•142 188 -137½ 136,¼i 144 126 -146X> ll9 -136¼ l25 -129 126 -182~ Pref. ...... . .... .. .. . 100 116 -119 117 -118.½ 116 -119 117 -119 115 -116!,,, 114¾-118½ 114¾-llb 115 -115 116 -117 115 -117 115 -117½ 118 -119¾ Elm River ... ......... . 1~ 1¼- 2"1 2¼- 4 8¼- 5½ 8½- 3½ 8 - 4¾ 3 - 3 2M- 4¾ 2¾- 3½ 2¾· 331, 2¼- 3 2 - 2½ 1¾- 3 Fran.kiln .. .............. ~~ 12 - 14 li - 1~ 18 - 14 11¾- 12 11 - 11½ 11 - 11~ 10,¼i- 12 10¾- 11 10 - 11 9¾- 10 7¾- 9½ 7¾- 10 Guannjun.,o Con11ol .. . :) 4 - 5~ 3!,(- 4¾ 8¼- 4½ 3½- 4 3>,(- 4¼ 8],c- 8!►.t 2¾- 3½ 8¼- 4¼ 3¼- 4Mi 2¾- 4 3·3 15-lU 2¾- 8¼ Humboldt .......... . .... ~~ .... - ... . . . .. - . . . . . . . . . . . .. .... 40c.- 40c•... . - . . . .. •. - . .. . 50c.- 50c ..... - . • . . . - . . . . .. . . . . .. . . . - ..• hie K.oyale ............ 2~ 20½- 24¼ 19¾- 25 15 •21 12 - 17}4 11¾- 16 12 - 12!,:t 12½- 15¼ 11%- 15 13 - 16 18¼- lf>'A 11¾· 14 10 - 14!,( Mas11 Uou8ol ... .. ... .... ~i) 15;1:1- 19¾ 17½- 20¾ 17¾- 20¾ 17½-. 20 17 - 21½ 18 - 20% 17!'4- 18½ 17 - 17¾ 15¼ 18'A 13 - 15~ 18 - 16 a-12½- 16¼ illayftower ..... .. ...... ~~ 2 - 2½ 2 - 3 2¾- ;:i~ 2¾- 3¾ 2½- 2½ 2 - ~ 2 - 2½ 2¼- 2¼ 1¾- ~~ l½- 2 1¼· 11}.i l}i- 2¼ ll'lerced (Gold) ......... 1~ 3 - !l 3½- 3!-<! . ... - .. . . - •.• . . . . - .•...... - . . . . . •. - ... . .. .. - ... ..... - ... . . . .. . ... . . - .... .. .. - ... . ll'llchh,an .. ......... ... .. ~i) 9 - 12 11 - 12¼ 10¾- 13¼ 10¼- 12½ 9¼- 11 11¼-a12!-<! 11¼- 12~ 11¼- 12 10¼ 11¾ 9,¼i- 10¾ 7 - 9 7 - 10 Mohawk ............. . .. ~~ 27 - 38 31 - 39 38 - 88¼ 34½- 88 34 -a44 39:,14- 42¼ 40!'4- 46 48 - 47½ 46 - 49},, 45,¼i- ¼7¾ 87)i- 45!,:( 36 - 44¾ ll'lontana Coal & C . .~~ 4 - 4 •••• - •••. SJ,(- 4½ 4 - ,t 4 - 4!,( 4 - 4 8 - 3:J.( 3 - 3 3¾- 5½ 5¼- 6 5 - 6½ 4¼- 5 lUontreal & Boston ... ~ 8 - 4¼ 8 - 4 81·16· 04 2%- 8¾ 2%- 3¾ 2 - 2:Hi 1¾- 2½ 2¾- 3:14 2½- 3~ 2¾- 3¾ 2½- 3¼ 2),(- 3¼ Natlonal ................. 2:) 1 - l~ 1½- l¼ 1½- l!l,i l¾- 1~ 1 - 1 ...• - •.. 1½- l½ .•.. - .... l¾- 1½ .. . . - ........ - . .... ... - ...• New ldrla (Qulcks11.).~ .... - . . . . ... - . . . . 8 - ~ 7¼ 7½ 7¼- 7¾ 7 - 7 8½- S!J:4 8¾- 9~ 9)4- II~ 9½- ll~ 8½- B}fi \! - 9 North :Star ll'Ilnes .... 10 .... - . .. . ... - ... . ... - . . . ... - ........ - ........ - . .. . ... - . .. . - . .. . 6 - 8 9 - 9 .... - .. .. .... - ...• Old Colony .............. ~/) 3 - 8½ 8½- 4 3¼- 4!,t S,¼i- 4 3 - 8½ 2¼- 3 2¼- 8 2¼- 2¾ 2 - 8~ 1¼- 2'A 1 l-i6-l¾ 760.- 1~ O. Dominion (Copp.).~~ 21 - 24½ 21½- 25 1~- 28 17½- 23~ 18¼- 22¼ 19¼- 23!,d 18 - 20 17 - 19½ 16 - 19 16 - 18 U½- 16'h 16 - 17½ Oaceola ... .............. . 2~ 77¼- 87xi 75 - SO!i:4 58~- 75~ 62 66½ 59 - 63,<i 60 - 63 58½- 62 65 - 60 66 - 62 66 - 57x 47½- 66 50 - 62 Parrott (S. & U.) ...... 10 28 - 38),a 31 - 34 28 - 81¼ 2t~- 28 25 - 82 27½- 30¼ 26¾- 30 26~- 28~ 26 - 2Bx, 25 - 26½ 21 - 25½ 2l:l - 27 Phenix Consol.. ..... 2~ 4 - 4½ 8½- 4 ax;- 4 8~- 4 3½- a6 4¾- 4¾ 4¾- 5 4 - 4½ !¼- 5 a,,- 4~ !l - 6 3 - 5 Quincy .................. ~~ 133 -140 uo -147 180 -141 125 -180 125 -lSo 180 -186 130 -137 125 -130¾ 125 -135 124 -180 100 -122 100 -124. Rhode Island .......... 2:l 2 - 3 2¾· 3 2¼- 8!,d 2½- 3 2 - 2¾ 1½- 2 1¾- 3 2¼- 3 2¾- 8 1¾- 2Xi 2 - 2¾ l¾· 2¾ 8anta Fe (G. & C.) ... IU 8 - 3~ 3½- 4 2~- 4 2¾ 3~ lM- 2'4 1¾- 2~ 1¾- 2¼ 1¾- 2¾ 1½- 2 1¾- 131, l¼- ly.t 1~- 2 Santa Ysabel (Gold) .. i> ·50 -·so ·so -·50 •50 - ·50 ·50 -·oo .... - ........ - ... ..... - ....... - ........ - ....... - ........ - .... ... . - ... . Shannon ................ 10 .... - ... . .... - ........ - ....... - ... 16¼- 18 18 - 16¼ 12½- 13½ 9 - 12¼ 9),4- 11~ o - IO~ 8 - 9 8~- 11¾ Tamarack .... . .. . .... ~:) 250 -276 230 -281 175 -230 170 -184 169¼-177 175 -185 175 -182 170 -180 165 -180 L55 -175 14! -155 140 -160 Tecumseh............... 2~ '60 - l¾ 1¾- 2 1¼· 1¼ 2 - 2 l¼- llJ;t 2 - "3J.f, 2¾- 8¼ 2¼- 2 15•16 2 - 2!1.t 1 - l½ 75c.- 1½ 50c.- l TeuneHee Copper .... 2~ 14~- 14.¼ . ... - ... 13¾- 14~ .... - ... .. ... - . .. 15 - 17l':4 16~- 18~ .... - . . . . 18¼- 1~ ... - ... . .... - ........ - ... . Trl-ll'louutaln ......... 2~ 34 -a61½ 61 -126 95 -105 100 -108 LOO -100 95 -100 96 - 95 94 - 94 95 - 95 93 - 93 90 - 9! 91 - 93 Trtnlty.. . .. . ... . ... ~~ 12~- 14~ 11½- 14'4 I:J - 1~ 12¾- 14½ 12¼- 13lh 11¾- 18 11¼- 12~ 11 - 12~ 10½- 1~ 10 - 11'4 8l-9- 10½ S - 11 a As11e11smeut paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOCKS-PHIL DELPHI.A. BO DS. 1.26 BOSTON STOCKS IN 1902-CONCLUDED. !i!TOCK!i!. Prlce, JltT ahare, not per cthl. JANUARY FEBR'RY. ---- ---- MARCH. APRIL •. --- - - MAY. JUNE. - - - ---- JULY. -- AUGUST. SEPT'BKR. OCTOBER. NOV"BER. OEC'BER. ---- ---- ---- - - ------- Par Low.High Low.High Low.High Lom .Hillb Low Hlgh Low.Hillb Low.Hillh Low .Hillb Low .High Low.High Low .Hil?b Low.High United Coppe..- . .... 100 United State•·· ........ 2~ U. S. Coo.I & Oll .. ... .2:J United State• Oil .... 2~ Utah Con•ol .. , •..... 4•S~ Vlcto..-ta ....... . ... . ..... 2~ Wa•blnirton-......... .2:J Wlnona ................. 2~ Wolverlne .............. 2/J WvandottA. - . . ... ~~ - - -- .... - .... ... . - ... - .... ... - ... .... - . ... . ... 13¼- 17¼ 16¾- l81}fi l7¾- 19¾ 18¾- 22~ 20 - 21¾ 19 - 21 ... . .... . ... .. ... . - ... .... . ... .. . .. . · ••· ··•· 14" · 12 -12¾ 11¾- 12¾ 12¾- 16 H~- 1·7 11¼- 12 18 22¼- 28½ 21 - 23¾ 20 - 22¾ 21¾- 26¼ . 24 - 27¼ 21¼- 24 4¼- 4'U 4 l-16-u6¾ 4¾- 5~ Q - .6¼ 5¼- 6¾ 0.(- 6 .... - .... ... . - . ... . ... - .... .... - 1 2 42 - 51 ·75 - 1 - . .. . ... - ... . .... - .... 1¾- 2 l¾- 2¼ l~- 8¾ 2¾- a,5~ 1¾- 2 49 - 54¾ 52 - 55 55 - 56 54¼- 56 5i - 55 •75 l 1 - l¼ l - 1¼ t 1¾ 1¼- 1% - ---- ---Si¾19 15%15 19¾5¾25c.4¾55½1 - 35¼ 22 18¼ 17¼ 22 6¾ 25c. 5¼ 60 l¾ 27 - Si 29 - ·s2M 32¾- 82½ 80 - 83 19 - 21~ 20~- 23 2~ 2iu 20¼- 22 18 - 14¾ 14 - 16¾ 18 - 15 16¼- 17~ H - 17 34~- 35 19~- 2l!k .... 20¼5¾5o·c .4~56 1¼- . .. - .. .. - .. .... - .... .... - . ... 21½ 20¼ · 6¼ 5¼50c. 25c.4 6 59¾60 l¼ 1 - 2a~ 20¾- 22¼ 20 - 2~~ 22 - 26 5 - 6½ 4 - 7 6 4¾- a,7 25c.- 25c. 25c - .. 5% 3%- 4¼ 8 - 4 :l 1-HI- 57. 57¼ - 60 5 7¾- 65 61 57¼- 60 M1c.- 1 ' 5c - 1 l¾ 1 - 1 . ... ... . a As~ess m ent puld. PHILADELPHIA BONDS IN 1902. BOND!II. JANUARY FK-BB'BY. MARCH. APRIL. MAY. JUNII:. JULY . AUGUST. dBPT'BER OCTOB&R NOV'B&R O&:C'B&R. Low . Hill'b Low.Hlll'b Low.High Low.IDll'h Low. Hhrb Low.Hilrh Low . Hllrb Low.Hlll'b r,ow .Hlll'h Low.I1l1rb Low. Htiib Low . Hl1tb RAILROAD AND 1'Il SCELLA NEO US, All. Val.-nen •. 194~ .4 Eu.stern Ext.- 1910 '7 Amerlcan Cement.. . :; Amer. Ry8.-Conv .. . :; Ash to.bu la & Pltt8b .. 6 A•pbo.lt of America .. . :; Rec~iPtlil . . .. ... . .. . .. . .... Atlantic Clty-lst .. . . . . :J Bait. & Ohio- ht ... . . 4 Prior lien ... ... ... .. 3~ Bait. & Potomac .. . . . .. 6 Malo Line .. . ... .. . ... ti Bo.lh1ton Term'l- ht .. :J Bell'8 Go.p-Con,, '13 .6 Bergner & En,i.-l 8t .. ti Bethlehem Sreel. ....... 6 Brldir. & lllillv. Troe.:; Buffalo Ctly Pa118'u;er.!l Cbe8. & Ohio-ConJOol.~ Choctaw & lempbl,,1 . . :; Choe. Ok. & G. -Gen .. :J Cltlzen8' Po.88., Inds .. :; Clearfield & Jeff .. .. . . . ti Connectlnar, 1903 .. .. .. 6 190-1... ... .. . . . .. . . .. . 6 Con8. Trac. of N. J .. . . ~ Del.& Bound Bk.-ht., Delawo...-eCo.Ry . .. .. .4 Delaw. River Ferry . . :; Eo.•ton & Amboy ..... .. ~ Ea8ton Con•ol. Elec . . . :; .Ed. El. L 8lk. tr. ctti. .. :J El. & Peo. T..-.-T..-.rc. 4 Elmira &W'mp't-ht.6 £quit. Ill. G.-L.-ht .. :J Harrl•on Bro8 . & Co .:J B e8tonv. Po.as., con8 .. ."> Hun.& Br.T.,18t,'~0 .. 4 Con8ol., 192~.... . ~ lndlanapoll8 St., u;en .. 4 Kan. Ulty So.-ht .. . .. 3 Lehl,ih Val.-Consol.4¼ Reirhtered . . .. ... .. 4-¾ 18t, ext., 1948 .. . . . . . 4 Collateral tru8t .. .. . . ~ !old, reir., 1910 . . ... . .. , Con ■ • J.U., rear., 1923 .. ti Con ■• 1'1.,coup., 1923.ti Annuity ... ...... · · · -···ti Annulty ............... 4x Leh. Val. Coal-18t .... ~ Reirlstered ........ . .... ~ Leh. Val. Ry.-ht ... 4¼ ReirlHered..... . .. .4~ Lebhrh Valley Term'I.~ Leblab Valley Trnc. .. 4 lUaryln.nd Steel-lu .. :,O National A•phalt ...... .') - . . . 124¾-124½ 109 -109 ... - 87¾- 87¾ . . . - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis l0!½-109¾ 107¾-1 09 .. .. 22 - 27¼ 22 - 2,; 23 - 27¼ 23 - 2J ll2 - 112 ll2 -11 2 . . .. .. . . .... .. . 98 - 98 .... LOl --101 124 -125 ... .. .. .... - - .. . - . .. - .. lOl¾-105!,4 113 -118 97¾ - 99 .... 107¼-*08.l,6 95 - 95)4 . .. - .... 118¾ -121 125 -125 102¾ 102¾ ... - 95¼ - 95!,4 95¾- 95½ 9,i - 94 - .. .. 126 -126 LOI¾ 102¼ 102!,4-108¼ .. . . . . - . . . 119¾-118~ ... - l25 -125 125 -125 126 -126 105 -105 - . . . ll9}ii -120 ll7 - 117 - ··· ·1>16¾-117¼ .. 111 - llll}I lll¾-lH 114 - 114!,j US -118 11~-111¾ ll~-111 109 -110 lOll¾-1('9,t lQQ¾-109~ ll0~-11~ 125 -125 - .. .. ... . - .. .. 110 -11~ LIO¾ lll~ lll ¾ 11 ~ 109¼- 109~ 109~ -110 100¾-lll 109¾-109.x ... - .. . . l l2¾- 112~ 85 - tl5 . . . - .. LOS -105 l151( -115~ 116 116 116¾-116½ ... . - ... . •••• l05 - 105 ll3¾-113½ 112~- 118¼ U 3¼ -118l,,t U2:J:(- 113l,,t llS - 113 98" - ll9!,4 99!,(- 99¾ 9P¾-1GO 97 - 100 ~ 118 - 99l,,t 98 - 99~ 9~ - 99 .. . - .. llS¾-118½ .... - . . . 108¼ -108½ L08¾-108½ l07¾ -100~ l ()8l)!- l09 109 - 110 '"107½ -07~ 107¼-108 § - ~ §-00 85 - 85 85 - 85 - ... . 119,4-119~ ll7 -117 116 -116 - .... ll6 -116 llO"-ll(»a 110 -110¼ UO -110~ llO -111"' lll 111 U0~ -110¼ 108 -108 109 -109 101 -101 103 -108 ll0!,(-110¼ LOS¼ 110~ UO -110~ •107 -107¾ - ... 105¾-105½ LOS -103 lll -111 \J2 -112 •gs - ~ 99 - 99½ 98 - 98;a 97¾- 98¼ 108 -108 108 -109 lll!,(-111¾ 85 - 85 85 - 87 Stl - 88l}.! . .. LIO -HO ll~-110¾ llQ¾ -UO!J,t llO -110 110%-110¾ l09 -1U9~ .... ll0¾-111~ llt¼-111~ ... 121> -12b¼ 125¼-126~ t26~ -125¾ - ..• . 126 -127 126 -121i ... - ... . .... - ... . l24~-124lld LiS¼ ua~ 107 -107 108¼ -100¾ 100¼- 110 109¼-110 109¼-112 ll1'4-ll2¾ 109 -109 111 -111 109 -109 LIO -110¾ ... - . .. . Lll~-111!,4 .. . . - . . . . .. . . - ... . 109 -109 - ... . llO -110 85 - 86 78 - 73~ 107 -109 l09 -109½ 107¼-108 109 -109!,,t ll9 -119 110 -110~ 111 -111¼ 128 -12i l25¼ 128¼ L25 -125 12ll -126 lll -111 87%- 88~ •86:1(- tl7!1,i 87¾- 88 108~-108¾ . ... . ll9 -119!,j 110 -110 125~ ·125'4 12~ -124 L24 -Lll4 L09~-109¼ Ll9 -119 . •.. - . ... l26¼-126¼ 121 -12!~ 124½-124¼ . .. . 112 -112¾ llO -110¾ 111¼-lll½ ·-· · - .. . . . . .. 9J - 90 - . ... .... . . .. .... .. .. - 125 -125 . .•. - .... 117 -117 121 -121 121~-121!+ 121M-12i . .. . .. .. L22 -122 108¾-lOSM .. . - .. . L09 -109)i .... - . . . . . . . - .... 107¾-107¾ .... - ... . ... - .... 122¾-122½ - .... •1:i2 -122 .... - ... . t09~ -110 109 -109 106~ -106¾ 10 - 10 10 - 10 106¾-106¾ 118¼-ll~ .... - .... - ... 101,(- 11¼ 10 - 12 10 - 11~ 105¼-106~ . .• . - ..•. 101% 101% 00 - 90 . ... 126¾ l:l6¼ . ... - .•. 74%- 74U - ... L041,(-10:l!,( - .. . 113% -118% 118¾-118½ - .. . 112 -112 •109¼--0g~ ll3il,t-113~ l07¼-1U7!,( 91l - 1-9 100 -100 • .Ex-tnterest.. 87 - 87½ 87 - !l7~ 86%- 87 85!,i- 87¼ l09 -109¼ .. - ... . LOSM-104 . .•. - . .. lCS~-109½ l07~-107~ .... - .... LOl¼-102¼ ll.l¼ -119~ .. - ... 118¼ 119 ll6 -ll6 lll¼-112 Lll!,(-111¾ 107 -107 107 -107 . ... 121¾ -122½ 122 -122 . ..• - •... 121¼-121~ 121 -124¾ l24¼ -124½ L24¾ 124~ ... - ... . l.20 -1~2 .... - . .. ti3 -143 139 -139½ .... 111 -111 .... L05¼ -105¼ llO -110¼ t09¼ -110½ l09¼-L09!J4107¾-1087(i l07 -108 uo -110 - . ... L09!,(-109!,( ... - .. . . 106 -106 109¼-100~ - •••• 106 -106 116¾-llS½ 87 - 87 . •• 73¾- 7:i¼ 103}9-104¼ 1031}.(-lOi¼ ... l03:}.(-103¾ 101 - lv4 .... . ... . ... ... . . ... LOS -108½ LOS¼-1091,( W-00 - •.. . ll6 -116 .... .... 85 - 87 89¼ 9J 20 - 23 9!¾- 94¼ .. • - •• 22 - 24 ll2 -112 lOQ¾- 101 ll~-118~ 117 - 117 115¾-1163,:( 116 - 116~ llO - 110~ 110¾ -111~ l00~ -110 109~ -llO .. . . . .. - .. ... . . . - .... . . . . - .. . . lOO;J;( -11~ 110~-110½ ... . .... . .. ... 108 -111~ 106¾-107 •• . ll<l 1051}fi-105% 100 -106 10 - 15 12¾ · 15 10 - 15 10 - 14 Receipt ■ . . .. . •••••••...... 12 - 14 9¼- 1~ Ne-n:rk Con ■ol. Ga• .. ~ lO<l¼-105:l,i 106 -105¼ 105¾-106¾ ... Newark Pa88en1rer .... ~ 116 -116:14 117¼ -118 ll8 -118 116¼-llS½ If. Y. Ph. & Nort.-ht.4 103!,4-lOa~ 10:i -103 108 -108 - ... . Income, 1939 . . ...... .4 No. Cent'l-~d, 19~0 .. ~ Gold, 1904 .. ... . .. .. .. ti Consol aren'I, 192:i.4!-I No. Paclflc-Prlor llen.4 General, ~041 ........ 3 No. Pennl!IJlv.-1903... 1 Gen.mort.,resr.,1903.1 Debenture, 190:J ..... ti Pa. & N. Y. Canal-.... 1 Con•ol., 1939.......... ~ Con•ol., 1939 ...... .4~ Con110I., 1939 ........ . 4 PennsylvaniaGen., coupon, 1910 .. ti C.en., reir., 1910 ....... 6 Con ■ol., coup., 1903 6 t:ousol., rea-., 190;) .. 6 Con••• coup., 1919 .. . :; Con•ol ,, rear., 1919 . . ~ Collateral trust .... 4½ Converrlble. 1tt12.3~ .... l02¾-102~ 103 - 104l,,t -lU 22 - 26½ 27¾- 87¼ 2P - Si 27 - 31¾ 28 - 30½ 26 - 28 27 - 31¾ 28¾- 83½ 26 - 3 1 26 - 29~ 26 - 29¾ 22 - 26 114¾-115 ll5 -115 ll2¾ -ll2¾ ll2¾-112¾ - 27 - 35 29 - 85 29 - 34¾ 2~ - 84 ll5 -115 - . .. . 107 - 107 LOS -108¼ 108~-108½ .. .. - .. . . l2S -123 1223(-122¾ .. . 107¼-107~ .••• 122 -122!4 11¾- 11¾ . .•. - . .• , ll6¼-116¾ 108¾-103¼ - .... •lOl -104 L05 -105 105 -105 c, - 8½ 5 - 10¾ 6 - 11½ .... 6 - 8½ 6 - 9~ 6 - 6 6 - 6 6 - 6 106 -106 LOU -109 108¼-109 - .... l07¼-10™ U5¾ 115¼ . . - ..• . ll6¼-117 ll6¾-lltl~ tl6 -117¼ 103 -108 - .... 102 -102 102 -102 .... - . . : . ll3 - 9a l:i21}.{-llll¾ .... 123)4-123~ tu7 -107 ... - .. .. 117¾-117¼ . . . . - .... 105*105~1! 73¾- 73~ . .. . LOHt-lOi¼ .. . - .. . 101¾-l.Ol¼ .... 104}9- 104~ t09 -109 .... - ..•• lll)l}(-111¼ lll¾-111¾ U4 - 115 115¼-115¼ 115 -115 . 108 -108 L00!,( -100½ . . - ... 101~ 101½ ... . . .. - .. . . 121 -121 . ..• - .... . ... - .... - ... . ll0¾-110¾ 120¼-122 121 -121 - . ... 107 -107 74¾- 74~ .... - .... 102¾-102~ . .. - .... 103;Ji(-102lJ4 llll};(-lll;J4 lU¾-112¾ 112 -112 ll:l¼ -111 .•.. - 118¾-118½ ll9 -119 us -118!,( . ... - ... . 120 -120 . . . . 117 -118 ll7 -117 107~-107~ .. . - ..•. 107½-1077(i 107~-108 108¼ 108~ 10™-10?¼ 107¾·107¾ .... - ... 107 -107 106% 106¾ - . . .. 120¼-120~ US -120 123 -128 - . . . 12~-120~ .... - .... 108 -108}9 ... - ••.. LOS -108 l05 -108~ 119 -119 . .. . •.. t05 -1071,( 127 PHIL.ADELPHI.A. BO:XD PHILADEPHIA BONDS IN 1902-CONCLUDED. .JANUARY l:<'EBR'RY. MARC'R. APRlL. MA.T. JUNE. JULY. AUGUST. ~BPT'BER OCTOBER NOV'BER DEO'BER. BO.NDS. Low.High Low.High Low.High Low.Hlith Low.Hiitb Low.Hlitb Low.High Low.ffigh Low.High Low.Hiit:t Low.Hlith !,ow.High -----·----- - - - --- --- - -- --- --- --- --- Pennsylvania Co..... 4½ .... - . .. . ... - .... llS -113~ . . .. Series 8 ......... . .. . 3i,. .... - ........ - .. . Penm,ylv. Equlpm''t .. . 4 .... - .... .. .. - .... LOS\v 103~ 103 -103 LOS -108 ... . Penn. & Ind. Steel. .. .. fl llo¼-116½ ll{».(-118 G4¾ 115 114 -114~ 114¾·116½ 116¾·116 117 -117 118 - 118 L14~-114~ Penn.&N. w .. 1910 . . :, .... - .... .. .. - .... 115 -115~ ll5 ~· 116 Pennsylvania Steel. .. :, .. .. - ... . ... . - . .. LOt½-104½ 107 - 107 People's Passen1lerS1ock tr.ctts., 1943.4 *106¾-07~ 106 -107 106¼·107 t06~ -J07¼ 1061,a ·l ~ 106½ -107 '106 •tn7 Perkiomen, 1st ser .... :, .. .. - ... . · 104 - 104 Phlladelphla Co .. ... . :, ll2¾ ·113 112 -113½ 111 -111¼ 111 - 111# 111¼-lll~ 111 ¾ ll2x, 112 -rna~ .. . .. . 107!,( 108~ 106¾-*106 1(15:}.{ 10#'¼ 106¼ 106¾ 106~-107 Consol. & coll. trust.:, . Phtlo. .• .Elec.-Tr. clfs.:i 93 -100 96½- OO½ 97½-lOO'!>!? 97½ - 98¾ 97½- os 9i½- sio 118~-102 too:14 .102½ 62 - 66¼ 64¾- 65:14 64:1,! 67~ 65!,( 6P 67 - 72~ Trust certifico.tes .... 4 55 - 64# 60 - 65 63 - 65 - .... Phil. & Erle-Gen.'~0.ti L21¾ l.21~ - .... 121~-121~ 120¼-120¼ General, 1920 . ...... . :, .. .. - .... 108 -110 107 -.107 t08½·10~ U 9 -109 l08:M 108!).1 Gen. mort., 19!l0 ..... 4 ... . Phlla. & Readlng2d, 1933 .... . ........ .. . :, 132 -132 - .... •130 -180 131 -131 1st, 1910 .............. .6 .... - . ... 121 -121 .... - ........ 121 -un !227-f 122¼ us~-118,-, Consol., gold ........... 6 12()¾-121 121~-122 121 -121¾ 121~-121~ .. .. ll8¼ ·11~ Reaistered ........... 6 ... - .... . .. - .... 12ll-9-121!14 .. .. · . ... 11 8 ~ -118¼ ... Imp. M., ext., 1947 .4 .. - . . 109.¼-109'9 no -110 too -W9 to9 -109 109½-109¼- .... - .. Consol. ext., 1937, .. 4 107¾-107½ 107¾-109¼ 10'7¼-108 LOSJ,a -1• Sx, 108½-H 8½ 10~~:s-1 08¾ 10::l!,d-1U9!,a Con.,coup., 1911 ..... , 127lli(-12S .... - ... 128½-128½ .. . L28 -12"'!>d 125 -12a~ L25½-125½ Cons., reg., 1911 ..... , .. . . - . .. 128~-128¼ 12-'l~-128¼ 128 -lll><¼, 123 -128 ltt! 126 Reading Terminal..:} •125¼-f6½ L26~-126 126¾-126 L26 -12tl~ l26 -126 L25 - 125 l25~-126 124 -125 Pblla. Wilm. & Bait.Trust eertUicates ... .4 LOS -108~ lOSM-108¾ t106 -109 L09 -H·9 109 -109 109¾-109~ l07~ •108 108¼ -lOS}t - .. . Debenture. 1917 ..... 4 .. Debenture, 1932 .. .4 109 -109 · .. . P. C. C.& St.L.-'40.4!>1 .... Pitt ■ • Young. & Aah .. :} . .. 12l -121 121 -121 Reading, 1997.......... 4 98 - 99):( 9~- 99~ 99 - 119~ ll9 - PO¼ 99¼ -100 99¼-101 •97¾- 987.tfl 98 - 9 ~ Realste1·ed . .......... .. 4 .. .. .. . Jeraey Cent., collat.4 .... 96 - 96' 96¼- 96~ 96],4- 96½ 96¾ - 96:Ja Rochester Paa,-enger.:} ... ll4½-114x. 112!,d -112~ - .... 113¼-113¼ .... Schuylk.111 R. East s ..:) 111),4-111¾ lll¾-112 ll2¼·112}1. - . . . ll0½-110½ lll -111 Scranton Tractlon. .... ti .... - ... 119 -1111 Seaboard Air Llne ... . 4 ... - .. . Seattle & San Fro.n ... :} ... - .. 60 - 60 Second Ave., Plttsb'g.:, 117¼-117¾ SteulJenvllle & Ind .... :, .... 115 -115 - .... 117~-117}4 115 -117 Stony Creek ............ 1 . . . . Sun. Haz. & Wilkeab.108~-108~ L07 -108¾ - .... 108~-108!4 108 -108 19!:IS ...................... o .. .. - ... 109 -109 lli!,4-117¼ ... ~d, 193S ............... 6 117 -117 . . . • - ... . LOS -103 103½-108~ 103½-108¾ Syracuse Rap. Trans.:, 104 -104~ .. . - . . .. 103 -103 .. . - .. .. .. .. Tex.& Pac.-E.D.,lst.6 .... - .... 101 -101~ lOl~-101!)1 101¾-101'3 101 -102:k. 100~-101¾ 102 -102¼ Union Trac.(lnd'ap.).:, ... . LOl¾ 101!,i, . .. Un. Gas Imp't, deb .... ti .... United NewJerseyllOl>t-110~ ll0JJ,(-11()¾ .•. Geoeral, 1923 ...... . 4 .... - ... 112 -112 General, 19~9 ....... 4 ... 87 - 89 United R.ys., g., tr. ctf'.. 88 - 88!1:t 88~- 91 87¾- 88 86:J,J · l-7;.. 88 - 91 88¼- 91 88¼- 89 103¼-103½ l17 -117 117 -117 United Trnc., Plttl!lb . . :} 115¼-116 116),4-116¼ 116 -116¼ ll6:J4-l16¾ - .... 117¾-117~ .. .. - ... . United Trac., Read'ic .:} . .. 72 - 73~ Welsbo.ch-Coll. tr ..... :} 60¾- 65 61 - 6~ 61 - 62~ 62 - 61¾ 63 - 75¾ 70 - 74!M 72 - 74 Western N. Y. & Pa.1st . .. ........... .... d 120 -120~ .... - .. . 120¼·121¼ 121¼ 121¼ 121 -121 121¾-lfU¾ 119¾-120 119¾-120 General........ . .... 4 9n¾ 100¼ 99¾-100¼ 100¼-101 98¾- 99 98¾- 99 99 -100 100 -101½ 101!,(-102 West Jersey, 1909 ... . ti .. - ....... - ....... - . ..... . - .... 116¼-116½ .... 107¾-107½ 107½-107~ WU. & Chester Trnc .. ."} Lo7~-107~ 107¾-108}1, LOS¼-108~ 106~-106¾ . ... - CANAL. Cbeaap.&Del.-lst lll.a Lehhrh NavigationExtenaion ............ .4~ RR.., arold, 1914 ..... 4 Ext., gold, 1914.. .. 4 Gen. mort., 19:l4 .. 4x, Coll. nust, 190:J- .. 4~ Consol., 1911 ....... .. , Fund.& hnp't, 194~.-! p.,nnq_.-ll'fort.• uno .. fi - . .. tUJ,4-115~ Ll5 - U5!Jj lH -115 - .... 112~-112~ lll¼-*11¾ 109 -109 112 -112 112 -112 L07½-107~ ... H>5 -105 104 -105 ll0½-112 l06!J4-107¼ 100 -10::i~ 70~- 78¾ 180 -130 •no -110 LOS~ -108~ tl{)¾-111 ll"¾ -111 L07 -108 l04¾-1051➔-100 -100¾ 100 -101 70 - 72¼ 69),4 - 72 ll Ol}( 111 104 -105!,:f 100 -100¾ 6~ - 71 120 -120 107 -107 107 -107 LOS -108 LOS -108 LOd -108 Lll5~-126 l25 -125 L24 -124 L25¾ 125x, l26 -126 L09 -100~ t08~·109 .. . - . .. 107 -107 l<J8¾-108~ \08l-9-108¼ 108 -108 L24¾·126¼ 122 -122 . .. 12t -122 125 -125 LOS¼-108~ l063'-l08¾ Ll2!,:{-112J;i 98 - 99~ 96~ - 98 96½ - 98 101> -101>¾ 106¾ · 105½ •..• - 84 - 84 62 - 65 ll9¼-119~ Lll¾-111~ lll½-112 lOl¾-101¾ LOO -101 42 - 42 42 - 42 41¼- n~ ... . 5·J - 50 l00¾-102¾ LOl -102~ l l l -111 87 - 87~ 86¾- ~ 88 - 90 •E5!,(- 89¾ - .... tl7 · 117 - . . .. 117 -117 70 - 73~ 61l!)( - 70 69¾- 69'4 *67¼- 67¼ LUI¾ 120 12) -120 LOl¾ -102~ '99l't 100 L20 -120 ll8 -11~ ~ - 99➔., 118~- 99:)6 107¾-107~ - bl 61 - 51 Ll2 -112 l lO~ 1113'4 , 10¼ 110!,t LOB,t-104¼ - .... Lu7 -l<i7 tO~¾ 106¾ LOIi¼ 109½ 107¾-107¾ ... - ... . 110¾-110),ji 127_¼-127'4 . . . . - . . .. 125 -126 126 -126 - .... .l05 -105 89 39~ 39¼- 39¾ 39¼- 89$-~ 39M- 4.0 41¼- 41¼ .. . L2H 95¾- 97% 9tl - 96~ • .. • - 116 - 96J;i •94 - 9!1!,a r.3 - 93 93¼- ll3½ - ... lll 111 Ll2 -113 - . . . ll2½-112½ •no - 111 - .... •104 104 - .• . l07lJ:1-1'8 112 -112 .... - .... 111 -111 102½-102½ .... 126¾-1.. 6~ 104¼-105 - .... 119 -119 61 111¾-lll¾ lt5 - 115 L05 -105 - .... 60¼- 50~ 51 - 68!-a 61 - 61 . 111¼ ·111¼ ~7¼- 97¼ .. . . - 11°'-(-11~ ... .. . LOO -109 -128 39 - 40 .. .. • .J!Jx-lntt;rest. PHILADELPHIA' STOCKS IN 1902. JUNE. MAY. JA.NUA.R'l' FEBR'RY. MA.ROH. JULY. AUGUST. 8EPT'BBR OCTOBER. NOV ' BBR. UJCO'BJCR. APRIL. l!JTOCKe. Pr~u,ie,-1hMe,not,ie,-cent. - - - - - - - - - - - - - - -------- ---- - - - - - t'a.r. Low.~lgb Low.High Low.High Low.High Low.High Low.High ~ow. High Low. High Low.H~ Low. Hll!'h Low_ High t..ow. High ---- Allegheny Vo.I., pf... :,o Am.A cad.of Music , 100 American Alkall . .. . ;JO American Cement ... 10 Am.Iron & Steel.$~ pd. Amer. Rallwaya ..... ~O Atch. Top. & S. Fe.100 Pref. .................. 100 Bell Teleph. <Phlla.)~0 Beran. & Enirel, pf.100 Cambria Iron ......... ;rn Cambria Steel ......... ~(} Camden & Burl. Co..2~ Uamden Land ............ 3 Oo.mden & Tren ... l00x CatawlHa, lat pret .. :,0 !:id pref ................ ~0 Cen'I Coal & Coke.. 100 Chic. MU. & St. P ... 100 Ch.Ok.& G., v.t. ctfs.~0 Pret. vot. tr. ctfa .. . ~o Columbus Street .... too • Ex-dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... - .... 26 - 26 27 - 28¼ 27¾- 2~ ... - .... 6-16~ ~½ ¾- ½ %6¼- 6¾ 5¾- 6 5¾- 5¾ 5!1,(5¼- 5~ 5 - 5¼ 6~- 5)4 5~4i - 44'n 43¼- 45 42¼- 44'A 43¾.... 81 72 41 47"•23¾- 73 41 48¾ 26 72 42 47\1423¾- 72 42 48 24¼ .... - . .. .. .. ¼- ~ ¼- ½ 70 - 72 .... •46%- 48 23¼- 24 1% 7¾ ¾- 1 ¾- lit 7¾ 28¼- 34¾ 32 - 3! 33 - 33 - .. . :. n6 - 315 ¼- ½ ¼- ¾ ¼- ::J-16 ¼- ~ 7¼- 7¾ 7 - 7¾ 7¾- 7¾ 7½-9 1 -16 7 - 7~ 7 5¾ . ..• 47 •45¾- 47 46 - 46 46¾- 48 84 · 82¼- 82¼ ~ - 93~ - .. . . 103 -103 72¾- 74 70¼- 75¾ 71 - 71 7!¾- 75 45 - 45 46%- 48 47¼- 48 47¾- 47¾ 47½- 48 23;1:t- 25 23 - 24¾ 23¼- 24~ 24¼- 27¾ 4!1,(- 30 - 31 ¼8¼- 9¼ ¼ !%· 9 4.¾ 47 - 62¾ 51¼- 5431! 62 - 54¼ 53 - 56lli( 50 - 58,1,( 92 - 92¼ 89¾- 96¾ 87 - 913'4 81!,(- 82¾ 80¾- 80~ 76 - 76 77 - 77 71 - 72 70 - 72 71¾- 73 49 - 49½ 48 - 49 47¼- 49 46~- 47¼ 46¾- 47¼ 26).(- 28)4 27½- 29¼ 27 - 28h, 26\19- 28¾ 23 - 2n.t 40 - 40 - ... .. .. - 7-16- 1¾ ¾- l¼ ¾- !J4 ¾- ½ ¾- ¾ .... ~- ¾ .. .. 4 - 6¼ 4 - 5¼ 4 - 5 4 - 4 60¼- 60¼ •60 - 61 61 - 61¾ 61¼- 61½ 62¼- 62% 6l - 64¼ 63 - 64 • *60 - 62 60 - 60 60 - 60 60¾- 61¼ 61!,(- 61¾ 62 - 62 65 - 65 63 - 63 . ... - .... 60 - 60 .. . . 66 - 66 - .... 187¾-1903,4 .... 162¾ 16~ - .... l'i2 -175 .... 70 - 76 70!,(- 7t¾ 73¼- 80 79 - 83x, 79M- 79!1:t .... 53 - 5ix 53 - 54 54¼- 59~ 67).(- 60¾ 511!1:{- 59'4 .... x Par reduced to uu per 11hare Feb. 25. 43¾- 48J;i .... 58 - 59 69 - 60 ... - . .. . 69 - 59 3¾- 431, PHIL.A.DELPHI.A. STOCKS. 128 PHILADELPHIA STOCKS IN 1902-CONTINUED. I ~TOCKS. JANUARY FBBR'RY. MA.ROB. APRIL. MAY. JUNK. JULY. AUGUST. 8BPT'BER. OCTOBBR. NOV'BJCR. DEC'BER. Pr,ce111er1hare eit,.,,itrcent. - - - - - - - - · - - - - - ---- ---- - - - - - - - - Par. Low .Htgb Low .Hlllb Low .lllgb T,ow. Huth Low .Hlllb Low. High Low. Hlgb Low. Hlgll Low. High Low. Hlgb Low. High Low. High C_o_n_s_o_l.-L-.-S-u_p_e_r_lo-r-.-~-01~ - 22 - 23'4 21¼Pret ..... .. .............. GO 66¾- 70¼ 69 - 74~ 71 Cona. Trac. ofN. J.l 00 67 - 68 67¼ - 70½ 70 C'ona.Trac. of Pluab.~0 2"~- 28¾ 22%- 28¾ .... Pref ................... ~0 63¾- 64~ 6i~- 61¾ .. . . Continental Pa a..... ~O .... Cramp & Sens............ 76 - 7~ Danville Bessemer .. 1½1 %- !14 :14- 13-16 .... Del. & Bound Br ... 100 .. . . - . ....... - .... .. .. De Long Hook & E .. 10 10 - 10 ... - ....... . Detroit United Ry .. 100 .... - ... .. ... - ... . .. . Diamond State Steel... l¼- 2 1%- 2~ I 2 Pref........ .. . .... ..... .... 4,:(- 6 4¼- 4¾ 4¼Eaaton Conaol. Elec.. ~0 1 19!14- 19¼ 19¾- 20 ..•. Elec. Co. at Am.$'7¼ pd. *5¾- 6¾ 6 - 7l,( 6¾Elec. Stor. Hattery.100 55¼- 62 58 - 65 61 Pref...... . ... ........ 100 66!14- 56~ 60 - 60¼ 1 60 Elec.-Pneumat. Trans. Elmira & W'msp't ... ~0 - .... ' 77¼Pref... ... .. . . . .. .... ~O Falrm't Pk. Traosp . ... 20 - 21 20 Frank. & i-o. Pas8 ... ~0 .... - ....... . Germantown Pa88 ... ~0 145¼-146 . .. . - .... . ... Green & Coates ....... ~0 . ... - ....... . - .. . . . . Haddlnaton Pn11s'ger. HaITlabur1r . ..... .. ~0 111 -111 111 -111 Harrla'n B. Co,, pt.100 .. .. Hestonvllle PaH ..... ~0 . ... - . .. . 1 47¼- 24¾ 21l};(- 86 28~- 81¼ 28¾:-3~ 25;-29~ ; ; ; - ~ 23!1.(- 26J<i 21¼--;- -;;-24½-; - 22~ 75 72 - 80¾ 74}(~ 78¾ 75 - 77~ 74¾- 77 75¼- 77¾ 721};(- 75~ 71 - 74~ 70 - 78~ SJ - 70 70¼ 70 - 70¾ 69 - 70 69¼· 69¾ 68¾- 69½ 69 - 70 69¼- 70 69}(- 69~ 69 - 69¾ 67}(- 69 - .... 153 -163 76½- 76½ .... %- ¾ ¾- !J:a' 71¼ - 71½ 70 - 70 .. .. 61½· 62¼ 60 - 60 ~ · % ¾. . . . .. .. - .... 211 -211 - .... 9~- 10¾ 10>,{ · 10¾ 101;( - 10¾ 10 - 10½ 10¼- 10½ ...• - ·•• · l¼·l 11-16 l¼- lJt 1¾- 1% 1 - 1½ 1 - l¼ ¾- lJ,:( S¼- 31-fi 3¾ 8 9-lt 8 - 8}1i S S~4 8¼ S - S¾ 19¾- lil¾ 19~- 19~ 19¼- 19½ 20 - 20 20 - 20¼ 20¾ - 20¼ 8¾- 9~ 9 - 11¼ 9}-4- 10 9 1-16- 9}.( 9 -9 11-16 •o:J.t-c 9 87 - 91'4 85 - 90 89 - 96 84 - 90 80 - 85 75 - 86 87¼ · 9t!I:! 86¼- 89½ 87~- S8¼ 87 - 87 - ... . 76 - 75 ' %-11-16 10 - 10¼ .... 76¾- 79 l!J;f 1½- l¾ 4 S¾- S¾ 20 19¼- 19½ 7}( 7 - 7¾ 95 85 - 91¼ 94X. 88,:(- 90 · 19·16 62 - 52 77¼ . . . . - • • • . . . . 22 - 22½ 20 - 20}.( 22 - 84 2¼ 1½- 1'.U 1¼4¾ 3:J.(- 4½ S!J,{•.•. 19%- 19~ 19¾8 7¼- 8¾ 7 80 74¼- 92 80 80 7™ 76¾- 92 =~~~1 ~~- =~~~.• . 146¾-147 .~ =~~~ i!~ =t!!u 149 -14.8 - .... 75 - 75 47½ . ... - 20 - 20 48¼- 48¼ 22~ 22i4- 2~~1·22 : 22.¼ .... 52 - 63¾ 52 - 52¼ 52 - 64 ... - ... 4.8 - 55 . ... lot. Sm. Pow. & Dy.:rn .... - .... 8 - lo~ L::::i.·v~ii~;::::::::·!~I:~½= =~ 22 63 58 9¼- ss* 86¾ ·;~¾= 35¼ ·33¾= 34¾ rt::¼= ::in 86~ ·;i = 22 64 65 11 22 63¾76¼9 - 22 5l 85 11 2,1 •57¾83 9}1(- 2™ 28 - 32 6S 57~- 69¾ 88 88 - 89 9½ 9¼- 11 ·;;;%= 35~ 3i _ 87¼ Lit Brothera ........... 10 10¼- 11 . ... - ... . . .. 10¾- lOl};( 1~- 10~ 10¼- ll Little Schuylklll .. ... :i0 59¼- flO¼ 59~- 60¼ 60 - 60 60¼- 60¼ 61 - 61}( 61¼- 61¼ 60 - 60 .. . - ¼- *62¼- 63¼ 8¼- 4¾ ~- '¼ . . . - .. 1 - l'U 2'U- 4~ S¾ - 4. 25-26 25-25 .... - 1 u!~:!·;:::·~:::::::::~ij\·s2 = https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ... . .... .. . 280 116 ¾· ~ 48¼- 48½ . . . - .. • . 48 75 - 76 . . . . 73 so - 81½ so - 80tt si,¼- 30}i 2s 68 - 68 67 - 58 67¾- 67¾ 52 86¼- 93 90 10¼ · 11 11 - 12~ 11 - 11¼ 11 89 - 89)4 40 - 46½ 86 - 88 37 84½1- 86:U 81 - 85~ 20¼- 35¾ 88~10¾- 10~ 10¼- 10½ 10¾- 10~.... 62 - 62¼ 61 - 61 . . .. - . . . . dl ,:(- ¾ ¾- 9-16 4¾- i¾ i¾· 611-lf 4¼- . 5),4 4 35 - 85 40 - 40 U5¾-145'.U . . . - .... 66 - 66¼ 66 - 66 65 - 66¼ 65 2¾- S ¼- :14 ¾- 6-16 >,(¼ .. . . >,(" ¼- ½ ¾- ~ ¼'¼ · 1¼ ¼- 15-16 ¾- % . • • • ¼- 9-16 6-16- 1 ¾- ¾ 60½- 5~ 61 - 51 51 - 51~ 61¼6%- 6 51':(- 6~ . • • • - .. • . • • • • 174¼-176 174 -174 174¼·174½ ·••· - 48 78 20 55 93 11¼ 87 88¼ 63 8}1(- 4 3¾·815-16 3¾- 5 4¾ - .... ... 25-80 ... - ..... .. . - ........ - . .. .. .. - .... .... - .... 16()¾-150¾ 63!).(- 63¾ 63¼· 6!¼ 64¼- 65½ 65~- 66 65¾- 66 6i¼- 6i½ 64¼- 66!1:! 65 8}1(- 3¾ S¾- 4¾ .... ¾-5-16 ¼- ¾ ¼- ¾ ¼½ ¼- ¾ 11-16- 1 ¼!14 - ........ - .... 11-16-11·16 9-16- ¾ ¼· ~ ¼ 1¼· 2 1¼- 2 ¾- 1 1 - 1¼ 1 - 1¾ 1 - 2¾ ½· 1 ¾- '4 ¾ 61½ 61¼- 61½ . .. 5~~= 61¼ 6 - 5¼ 6 - 6 6 - 6 6 - 6 6 - 6 6 - 6 6 - 6 169¼-169¼ 166¼·170¾ 172 -172 - .... *lU-176 178 -178 176 -176 - .... 105\14 124 126 -12i¾ - .... 116 - 117½ ... L2l½-124¼ ... ......· lOi -106¾ ... - .. . 110 -110 - . •·· ... . - ... . 65 - 65 109 -109 109,(-110 11)9½-llOJ.4 *10879 -110 108½-109¾ 1C9¾ 109¾ no -110 109¼-110 110 -110 109 -109 108 -109 - .... . ... - • .. . . .. - .... 1-16- 1-16 1-16- l ·J6 1-16- 1-16 39¼- 41 u - 42 42 - 4.8 60 - 60 7,:(- 1¾ 6¾- 7¼ - .•. . 6¾- ~ ... 7 - 'i . ... . ... -- .... 6½ · 6~ 7 - 7 78~- 83¼ •77 - 81~ 75 - 79¼ 7!},(- 75¼ *74¾- 76¼ 74l};(- 76'4 74 - 77½ 74¾- 7d¼ 7c¾- 80:J,i 79¼- 81¾ 80 - 85 ¼JI:( 5-16¾ ¾- ½ . ... - . ... .. . - . .. - .... 103 -10!1.¼ 103¼ ·104¾ lOl¾-108 108 -108¾ l08¼-lllll:( LO, -110¾ . ••• .... - .... ¼- 1 !M- 2 1¼- 1½ 1}1( - 1¼ 1¼- 1¾ 1 - l¼ 1 - 1 - .... 1 - l¼ . ... 2¾- 2% 2½- 8 2¼· 6 5 - 6 4 - 4 82¾112 -112 110 -112¼1~10 -110 . llO -110 111 -114 lH -115 115 -116 114 -115 112 -112 112 -112 111 -111 40 - 40 89 - 39½ SB½- 48.¼ .. .. - ....... . - ... . 37 - 48~ 42 - 49 47 - 50 60 - 65¾ 50 - 62 60 - 62 84 - 85 8! - 90½ 88 - 98 90¼- 92½ 1 90 - 90:14 90 -100 96 -105 100 -108 •100-102 99 -101 90 - 99 - .... . ... - ... . ,:llQ¼-210¼ . ... - . .. - .... 210 -210 46 - 49¼ 48 - 50 48½- 60% 48 - 60.¼ 48¼- 50 48¼- 49¼ 48 - 50¼ 4S - 60¼ 46¾- 49½ 46¼- 48 43½- 47¼ 48¾- 46 46¼ - 4814 46¾- 49 47¾- 4.8~ 48 - 49 4.8¼- 50J.4 *49¼- 50¼ 49½- 50¼ 49¼- 49~ 49 - 60¼ 18 - 49¼ 8½- b~ M'U- 5 7-16 b5 - 6 b6¼- 6¼ 5 - 5¼ 6¼- 6¼ 6¼- 7¾ 7¾- 9¾ 8¼-9 3-16 8¾- 9¼ 7 5 ·16- 8¾ 47 - 47 47 - 4'3 47 - 60 50¼- 68 67¼- 58 56 - 57¾ 57 - 72½ 65 - 69!1:( 61¾- 65 .. .. - .•.. .. . - ........ - .... 8!4- 9¾ 9 - 13¼ 12J,t- 15 H - 17!4 17 - 18~ 16%- 18½ H - 17 98 -100¼ 97¾-100¾ 97¼- 98 97¼ · 98 97 - 98¾ 98¾-100 99),:(-100 •97311100¾ 97¾- 98:J.ii 98 - 98'4 97 - 98 .... - .... . . . - .... .... . .. - .... t86¼-286½286 -285 t85 -285 .... 4¼- 6½ 6 - ~ , 6 - 6 5 - 5¼ 4%- 5¼ l 11-16-5 4¾- 6¼ 6¼- 6½ 04- 6 4~- 6 4 - 4¾ 27¼- 29¾ 26¾- 29},ti 28¼- 84 29¼ - 84¼ 80¾ • S! 32 •84 7-16 38 3-16- 85 32½·893-16 S~- 36¾ t6¼83 9-16 27 - 83¼ •4~. 42¼ 40 - 40¾ 4~- 48¾ U - 4.3¼ 4ll,t- 42½ 42 - 48~ 41¾- 48'4 43 - 45¾ 4~ - 44¾ 41!1:(- 4~ 41~- 43),( 81¾- 36 82¼- 84~ 83~- 87 83 - 86½ 88¼- 35¾ 84¾- 3~ 361-16·88¼ 36½·405-lll 36½- 39¼ 35 - 88¾ 35 - 38¾ .... - .... 82 - 82 82 - 82¾ 82 - 82¾ . ... - ... .. ... - .... 30 - 81 - •••. *30 - so 45 - 45 .... . . . - •••. 66¼- 66¼ 66¼- 67 . ... - .... . ... .... - .... . . .. - .... 100 -100 ... - •••• 100 -100 - •.. . *100 ·lOlJ.4 .. .. - ... . 100 -100 - . .. . 305 -805 308½-308½ ... ... 170 -170 L70 -170 ... . 160 - 150 .... - •••• 150 -150 - .... 42 - 50 66 - 66 l'U- ·2 2 - 2¾ 2 - 2¼ 21-16- 2~ 2¼- 3 2¾- S 2¾·218-16 2~- 2:J;a 2~- 2¾2½-218-16 2¾- 2M - .... 307-307 .... - .... 310-310 - ....... 6lij- 6'4 6J.1i- 7 fl¼- 6¼ 6¼· 7 6»( · 7 5¾- 7 6 - 7¼ 6¼- 7 5 - 6 5 - 6 4¾- 5¾ 5~~ .. 38Xil ... - ....... - ...... - ... .. - · .... - · .... . 1... - - .... 35¾ 86 - 40¼ 89 - 42¾ 42¾- 44),( 40¼- 43¾ Warrants, when la11 Union Trac. (lnd.).100 Pref ............ ...... 100 United Co'• of .N. J .100 United Ga11 lmp't .... 30 Warrant&, when 1811 .. Receipts ... $12"30 pd • Unlt'd Pow. & Tro.n.23 Recelpta, 817.30 pd .. U.S. Steel Corp'n .. 100 Pref .................. . 100 Un. Trac., Pltte., pf":i0 Warwlcklron& S .. 10 Wash'ton (D.C.)Gn•.20 ,:( ... - . . . . 3¼- 4:>t; 3!1:(- 4¾ .... - .... . .•. - .... 52¾ ·: .. =:::: ·;;i· =5i¼ .i,i·¼= Ne!:::!::t~~·v~i:::·~0 1·6·i½= .N. Haven Iron & St .... ~ ... - ... . Norrlatown .... ....... ~0 . ... - .... North Amerlc'n Co.100 .... Northern Central. .. 301 ··· - .... .No. Liberti ea Gas .... 2:i ... NorthPennaylvanla.. ~0 109¼·110 Palmetto Co ............ 2:i ¼- ¼ Penn Gas Conl.. ...... ~0 83½- 88½ Penn Trame ... . ... ;... . .. Penn11ylvanta ...... ... ~0 1 78¾- 76¾ IUahts . . . . . .. . . . . .. . .. . . . . . . . - . . . . Wnrrants, ~0% paid ... , .... - ... . Penn. Elec. Vehlcle .. ~0 ¾- ¾ Pref., $10 paid •. . . .. :rn 2¼- 2¼ Penn. &N. w ... , .... ~o 32½- 88 Penn, Salt Mfa .. ..... .~0 111 -112 Pennsylv. St-,el. .... 100 .. . - . ... Pref.... ... .. . ........ 100 84 - 86 Phlla. City PaH'a-er.:i0 .. . . Pblladelpbla Co .. .... /)0 4'3 - 47!'.( l'ref .... . . ...... .. ... . .. ~o 45 - 46 Phila, Elec .. ... . $~ po.Id S¼- 4¾ Phlladelphla & Erte .. irn! 47 - 48 . Phil. Rap. Trao .. $:i pd .... - .. .. Phlladel. Tractlon ... ~o 97 - 9~ Phlla & Tremon ... 100 . - .. Ralhvays Co, General. 4 - 6 Reading vot. tr. ctta.~U 2~- 29½ 1st pf. vot. tr. ctfs.~U 40¼- 41¼ 2d pf. vol. tr. ctls.~U SO - 83¾ Readlna-Tractlon .... ~0 82 - 88 Rochea. City Pa1111 .. 100 48 -' 43 Pref . .. ................ 100 95 - 95¼ Second & 3d Pass .... ~0 . ... Stetson, J. B ..... .... 100 . .. . Pret ... ................ 100 Warrant&............... . ... Suaq. Iron & Steel. .... 3 1¾- 2 13th&l~thSts ..... . :iO .... Tidewater Steel ...... 10 6¼- 7 24 - 25 L06 -103 : - M lndlanap. St. Ry .. ,. 100 411 - 60 .... - 24¼- 25 72 - 72 u!:!:~~d;~·& ·»~·. T:·:~ 1· 22 Pref ........ .. ........ . ~0 53 2¼- 4~ 24 - 27 . .. . . . • • - ... . 151¼-155 1 Manufact'd Rubber.~O Marsden Co ......... 100 Pret ................ 100 Metropol'n Street.. 100 Mlnehlll .... ....... ..... ~o Montreal & Bos. Cop.~ National Asphalt .... ~O Receipts ................. . Pret .... .. ............. . d0 23¼- 86 - .... 146 -146 - .... .... - .... 3 - 6 !~~= !!~ .4i¼= {~ .4fll,(= 3~- 4.>f! .••• - ••• 49~ 46¼- 49 ~ - 4~ 46 =47~ ·~~·%= 47 - ....... - •••• - ........ 61 - 51 .... - ... . 64: - 64 ..•• - •... - • • • . .. . . 90 - 90 . . . . - . . . . . . . . - . . . . . ••• - .. • . . . .. - •••. -282¾ 282 -288¾ 282 -284¼ 282¼-28!1¼ t8i -284 281¼-285¾ 281¼-283 282¼-283 *281-288½ 282 -284 281 -283 280¼-281¾ -117¾ 116 -126 119 -122¾ l20 -128 +101¼·122 103¾-108½ lO(llij-109¼ l08¾-114M •111 -114¼ lll¾-116¾ 110 -114 105 -111¼ .... - .... 607'- 66 62 - 55¾ .. .• ... . 68 - 68 .... - .... aSS - 63 .... - .•...... - ..•. .••• 4.6¼- 4:7'4 49 - 50 .... i7 - 4:7 45 - 47 •4,5 - 46 45 - 45 42 - 46 48¾- 50¼ 49 - 61~ 48 - 60¼ ... . - ........ 26¼- 28¾ 28¼· 28¼ .... - ........ - ........ - ........ - ........ - •.•..••. - ••.. 41!1.(- 48 43 - 44M 41¼- 48¾ 40¾- 44 88¾- 42,!,4 86M- 4.01;4 87¾- 41¼ 89¼- U~ *89¼- 42~ 88M- U¾ 86M- 40~ 29¾- 87 93¼- 97¾ 98* 95¾ 98M- 95!1:( 92!1:(- 94'4 90 - 92¼ 89 - 89¾ 89 - 90~ 89%- 90¾ 89 - 91¾ 88¼- 90¾ 88 - 88~ 79!).(- 85¼ 51~- 52 62 - 62 50¼- 61½ . ••• - •••. 61 - 61 61 - 51 61 - 61 61 - 62 62 - 52J.4 ~ - 62 51¼- 52M 4 - 7 4¾- 5" 4%- 5~ 4¾- 4-U 4¼- 6¼ 5 - 7 6¼- 7 6¼- 7 6¼- 631 6 - 6~ 5¼· 6l':j 5 - 6¼ - .. . .... - . .. . 86¼- 86~ - •••• • Ex-dividend. t Ex rta:bts. ct $26 paid. c:SlO patd. PHILADELPHIA STOOKS-BALTIMORE BONDS. 129 PHILADELPHIA STOCKS IN 19O2-00NCLUDED. STOCKS, JAN'ARY. FEBR'RY. MARCH. JUNE. MAY. APRIL. AUGUST. 8EPT'BER. OCTOBER. NOV'BER. 011:C'B.ER. JULY. ---- ---- ---- Pnces per share, not per cmt. - - -- - - - - Psu. Low.High Low.High Low .High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ----·--------- Wel&bach . ............ )00 Wel&bach of Co.no.da.. ~ We&t, N. Y. & Penn . . ~0 W.Jersey&Seo.Sh.~0 We8tmo1·eland Coal.~0 W. Phtla, Pau'a-er .. ~0 29¼- 30 24 - SO 5-16- 6-16 . .. . - - .. •. 28 - ~8 3'- 7 - 7 70 - 71¾ 69¼- d9½ 60½- 70 67 - 67 76 - 76 . ... - .... 251½-264 CANAL. Lehla-h Navla-atlon . .. ~O 76 - 78¾ 76 - 77 Allot8 . ................. . l'tlorrh Canal .... .... 100 165 -16;; Pt'ef.. .. . . .. ... . .. ... 100 29½- !10¼ •37 - 31!~ 87 - 87 72¼ · 75 71 - 78 170 -170 ¾· 3' 33 - 35 ¾ ... . - 8¾- 8¾ ~- ¼ 6 - 6 68¾ 68¾ 69 - 70 75 - 75 76½- 76½ 71½- 78¼ 72 - 7!!¾ 74 - 76 ¾- 3'- ~ 6 - 6 70 - 70½ 70¼- 70~ 70 - 71 80 - 80 EO - 8() 74½- 77¼ 77 - 79~ 76 - 78 .. ¾ ...• - 65 16 67 171 65~ - 73 - 77 - 19~ 17 - 19 - 70 -172 . ... - • .Ex-dividend. BALTIMORE BONDS IN 1902. JANUARY FEBR'RY. MA.ROH. APRIL. BONDS, MAY. JUNE. JULY. >CTOBER. NOV'BER. DEC'BER. -- --- ----- - AUGUST. :3EPT'l3ER --- r,ow.Bigh Low .High r,ow.High r,ow.High Low.High Low . High Low.High Low.High Low.High Low.Hi11:b Low.High l,Olr.High Alaban1aMidland . ... ~ ... - .... . ... - ···· .... - ···· · ··· - ....... - ....... - .... · ·· - . ... . ... - .... . ... - ....... - .. l12J.:(-112~.~99 -100 08¼- 99 9:j - 96!,\s, 95½- 96¾ 95½- 99½ 99~-104 102 -103½ 101¼-102~ 97¼·100 Anacostla & Poto ...... ~ 96 - 97½ 92¾- 93¼ 94 - 94 - •... 113 -113 113J,:(..IJ.13¾ Atlanta & Chn.r, -ht '7 l13½ ·1H¾ lLl½-lH½ 114!1!-115¼ 115 -115}4 115 -115 Uo~-115¼ l12}(-112~ 113 -113 - .... L05½-106¼ 106¼-106¾ Atlan, Con~ol, St. U,y.!°> 10; -105½ 103 -107 L06¾-107 107 -107¾ 107 -107½ 108 -108¾ L05 -106 106)4-106>.4 - .... 107 -107 Atlanta Gas ....... .. . .. -~ ... - . .. · Atlantic Con.st Line- ... 117 -117 Connecticut, certlfs .. ~ 116¼-117 Ll7 -117 117 -117 96 - 96 ... . 99 - 99),4 97¼- 97½ 07¼- 97½ .... Certificates .... ...... 4 98 - 98½ 98½· 99¼ 99¼- 99½ O:l¼- 99½ 99 - 99 893' 92½- 92½ 89½- 90 87 9! - 94' 95 - 115 Cera.illcates (new) .. 4 .. .. - .... .... - ... . . .. - . . . . - .... L03½-103½ l03¼-103'.U - .... L02¼-102% . .. - ... 103J,:(-103¾ .. . - .... 103 -103¾ L04 -101¼ ... S outh Carollnn ...... ,4 102¾ 103 ........ _ .. .. Bal, & Anno.p, Sh, L .. /li 102¼-103 103},(-105¼ 105½ 105½ 105¼-106 109 -110 109)4-109¾ 110)4-110½ - ... . .. - .... Lll¼-111!,( Bait, Caton. & Ell,\ll.!} . ... - ... - ... 110¾-llO!M LO) -109}4 LOS . -108 L05¾'-1059'( L06)4-107~ Bait, City Pn.!!it,-lst . . ~ L00¼-109¾ .... - ....... - ... . 1113,s-lll¼ 109~~109½ .... L02¼-102~ - .... 104'½-104'!-2 ... · Certs , ot tndebted .. 4½ ... .... 116 -116 ... . Bn.lthno1·e &Harrisb.ii .... - .... llB¼-118½ 119~-119½ - . ... 110~-110¾ ... . - .... 107¼-110 .... Western Extension .. !} L04c -105¼ 105½ 105¼ .... Baltimore & Olalo. . . 91 91 . . M,D.3~ Pltts, .J 1mc.& - .... 91¼- 91~ . ... Southwest Dlv...... 3 ½ . ... .. .. 118 -118 Bait, & Pot.- .t t. L'ne ti . . . . - . .. ll7~-117¼ L17¾-117~ 117¾-117~ L17½-118½ ... - ... . ll8}4-118!,4 LlS ~ -118½ ll5½-115¼ BaltlmoreTrae,lD!llJ.~ 117¼-117½ - ... 100¾ -100¾ L()()¾-100¾ . . - •••. LOl¾-101~ L02 -102 . ... - .... LOO -100 . . .. Convert., n.ssented .. l} . - .... LOl½-101¼ 98 - 9d~ 97 - 97 97¼- 97¾ 97%- 98}4 98),(- 98}.( 98 - 98 99.!,,i-100 9:l¼ 9:3 - 93¼ 98 Carolina Central. ... .. 4 95¾- 96½ Ot>~- 96¾ 96¾- 98 78%- 78% .... Cent , ofGa.-~d inc .... /} .. - .... Centro.I Passeuger- ... 116,(-116¼ Ll6 -116¼ ... - . . 116)4-116¼ Ext. & lmprovem't .. ~ ll7y.(-117¾ ... 94)4- 94'!14 903,s- 90½ 91¾- 91¾ 91¾- 91!14 88 - 88 . 93¾- 95 89 - 89½ 89¾- 83¾ SJ - 93 87¼ - 89 Cla arlest. Con s . Uec . . ~ 91¼- 91½ 89>,j- 92 - . ... 106 -106 106)4-10674 H•6¼-L06\.fl ... . - .. . . 106¾-106~ 106%-107½ Charlesto n St, U,y . ... I} . ••. - •.•. 105¾-105¾ l05¾ -l06 - .... 113 -lU lU -11!¼ ... . - .... 116 -116 Chas, & W, Cn.1·,, l8t.~ l09¼-lll llll,(-113 113 -113¾ Lll -111¾ ... - .... 113 -115 - .... 118)4-118)4 ... . - ........ - .... L22~-122¾ . . .. - ..•. 120 -12L Char. Col. & A.-l8t ... ~ . .. - .... 10 - 10 C b, & 0, Can,- Bds., pf. ... - .. . ... . - . . .. . .. - ... - .... 9 J -100 .... . .. . 99 - 99 Citizens' Ry. & Lt .. . . :1 ... - .. . . 9cl½- 96¼ 96¼- 93¼ 0) - 99 96¼97~- PS 98½- 97 98½-100 CltY Ry, L. & P.<N,NJ~ . ... - ....... -114 LU -116 .... _ 115 1183,s-116!-8 -115 115 -116¼ l16 -116 L15 115¾-116 114~-115 115½-115¾ ll4½-1U½ City & S11bu1·ban ....... ~ tU¾-114~ 94¾-101 L00¼-105 LOO½ 102 91¼- 95 90 - 93,14 89¾- 89}.f 93½- 94 - .... 99 - 98 City & Sub. (Wash,) .. ~ 90 - 95 C oal & Iron R y., 1st .. :> l05 -106 105 -105 108;14-103¾ .... 98 - 93 .. .. Colorado & Soutll' u .. 4 119 -110½ ... - .. . . 110¼-119!14120 -120 Col . & Greenv.-lst .... t, 121 -121 121¾-122¼ L22 -122 .... 118 -120 Co l, Newb. & Law .. . . 3 . .. - .... 60¼- 60½ .... - .•• . L12 -118 -113 L.:.3 112;<(-112¾ -112¼ tll~ 112¼-112¼ -112 ll2 l14¼-114¾ ll4¼-114¾ 114),(-lH¾ lH 114 113¼-113,½ 112¼-112!14 ti ... Consol'd Gas-1910 Bonds, 193~ .. .... ..... ~ LUJ,:(-115 Ll5 -116½ 115¾ -116 ll6 -116 115½-115¼ L16½ -117 tl4½-l14½ . ... - . . L15 -115 116 -115 114 -lH¼ LH -116 l02% ·102X! Ctf.,. , oflndebt . . . .... 4½ . .. 77 - 78 77 - SO 82¾ · 8:3¾ 71:i¼- SL 78¾- 79½ 7~¾- 82111 81½- 84 Cotton Duck ....... .. .. ~ 79 .:. 83½ 82 - 83~ 79½- 80¾ 79½- 80 Sj;J:( - 33 41½ · 48½ 4l½- H¾ 89 - 42¼ 39 - 40 4'6 - 47½ 45¾- 47¾ !16½- 48½ 47lki- 49!,4 43¼ - 40 Inc om es .......... . .. ... . . 4! - 4'8½ 45 - 50 .... 93 93 Cumb,EI,& P,(Nasb.) .6 .... ... 112 -112 - ... 111 -111 uumb . & Pennsylv .... l} ... 9ll¾- ID~ 11()¾- 00% 9.> - 90 90½- 91¾ Florida Southern . . 4 .... Ga, & Ala,-Consol. . .. 1) 109.J,4-110¾ llQ¾-111½ lll!ij-112¼ 111¾-lH¼ L14 -114½ ll!¾-116 ll:i½-113 112¼-113¾ 11H:!-113 111 . -112¼ Lll -112 111 -111½ .... L09½-1011¾ .... G, & A, Terminal. .. ... !) Ga, Car. & N o,-ht ... 1) UO -110% lll¼-111~ 111 -112¼ L12 -11! ll3¼ lU L13!,6 -114¾ 111¾ 112¾ ,H -112¼ 112 -112½ lll¾-112½ Ll2 -112½ 112½-112½ Georgia Pacltic-l11t ... ti 127 -127 127¼-127¼ . ... - .... 128 -128½ 128½-128½ 129 -129 125¾-127 L26½-126½ . .. - .... 126 -12~ . ... - .... 127 -127 Ga. So, & Fl.-lst,'4:).1> 112¾-112½ L13¾-115 115 -115¼ 115 -115¼ 115¾ ·115~ ll5%-116 118¼ lH½ ll4c¾ 115¼ 115 -Ho½ L15 -116½ L15½-116 L16 -116 4'8 - 51½ 49 - 50½ 48¼- 50 5:i¼- 64½ fiO - 62 53¼- 5!l 51¾- 5l 52 - 54~ 53¼- 5!l~ 52%- 54¼ 5·~¾- 53 G.-B.-S. Brewinai ... 3•4 48 - 62 35 - 37 37 - 38 42J1i- 4:i 72 37½- 42¼ 37½- 40 4.1½· 45~ 45¾- 48311 45¾- 47¾ 42¼- 44¾ H!I:(- 45¼ 12 - 44 Incomes..... . ....... . .. . 37½- 42 -101 101 -101 101 -101;. 101 L02½-102½ J2½ -l• lOl .... ... -100 99 97½ 97½ 98 97 99 ll9 98½- 99 Knoxville Traction .. ~ 95 - 95 Lake Rol'd ElevntedL2L',4-121¾ ... - .... llO -119)4 . ... - . . . . .. - .... . . .. Guaranteed, gold . . . a 121¾-121½ . ... - .... 12) -120 Lexlnlft, {Ky,) l!!!t,Ry.l} 102 -102¼ l02 -lOtJ,4 L02 -102½ 102 -102¼ 102 -102~ lOO;l:C-lOi¾ 103,½i -lO!l 10!}2-10!~ 101¾-lO!l¾ IO!l%-10i% lOi~-lOty.t ... 98¾- 99}C 90 - 90 96½- 96½ .... lUarylnnd & Pa, U,lt .. 4 69 - 71) lncome,1 .......... ..... . 1.Uaryln.ndSteel. .. ...... ~ .. .. - .... LOl¾-lO!l¾ 87 - 87 90 - 90 85 - 85 90 - 94 89½- 89½ 88¾- 90 86 - 87 85 - E6 Maryland Telephone.a 87 - 89¾ 87¼- 90 85 - 85 - .... 122 -122 Met. St. RR., 1st, ':J.l.~ . ... - .... ll4 -114 lUlnn, & l!!!t, L,, 190 &. 1 ... •••. LOS -103 Monticello Dist..... .. . ti ... . ... lOlJ.<i -101¼ L02¼-102½ L04c¼-104c¾ . . .. l.'U onumental Brew'g .ti .. .. - .... 100 -102!14 . ... Nashvllle Street Ry .. .6 .... - ........ - .... 107 -107 64 - 77¾ 72~- 77 62¾- 66½ 64~- 6tl)4 65¾- 65¾ 63 - 64'½ 63 - 63 Naab ville Ry, ctfs ...... a 62➔-(- 63 76 - 75~ 75 - 78)4' 77¾- 77!14 . . • . - . .. 61 - - 64)4 ... 1st Instalment paid ... . . .. - ... . N'port News & Old Pt.~ .. - . .. .. .. - .... L05¼-107 106½-106½ t06¼-106¼ L07~-109 109 -109½ L09 -109½ 109¾-109½ 109:'4-109~ L07¼-107½ .... - .... 96 - 96 94 - 94 General, 1941 . ....... 1> .••• - ••. - ... . 120:1:(-12~ 120¾-120¾ l21 -121 US!Jt-11~ .... - .... 120 -120¼ Norfolk & Carolina. .. ~ 119¼-119.\,{i ... - .... L20~-120½ .. . - . .. . . . .. ~d, 1946 ................ ~ . ... - .... ... 95 - 96 95)4- 96 96 - 96 9! - 9i - .... 95 - 95 Norfolk Ry, & Light .. ~ 95 - 95 Norfolk l!ltreet Ry .... ,6 109½-111¼ lll¾-111¾ 110½-lll½ 111¾·113 113 -lH 114 -114¼ LIS -113½ . . • • - • • .. . .. . No. Baltimore Trnc ... Ii . .. - .. .. .. . - . .. . . . . - •••. L21½-121½ . .. - .... LIO -119 1203,s-1203,s L21¼-121¼ .... - .•.. 1193,s-119¾ - .... 112 -112 .•• , - .• , . .. • • - .... Northern Central. ... 4x 116½-115¼ .. •. - ....... . - ........ - ....... - .. .. 10!¾-104½ 105¼-105¼ . ... - .... 105 -105 1063'-1053' Gold, 1904 ............. 6 105½-105¾ 105¾--105¾ . .. - .. • l~-107¼ .. • • - .... 124½-124½ .... Gold, 1926, ser.A . .. . ~ 128¼ -123¼ .. .. - .... 124~-124!>.c 124 -12! 124 -124¼124"-124¾ . ••• • ••. 1.2!1:¼-12!l¾ .... ••.. ••• Gold, lw.16, Ber, B . ... ~ 128¾·123¾ .. .. - •••. 114 -11!1: Penn. & Md. ~teel ..... 6 .... - .... 115 -115 -119 119 . . .. - •••• 118 -us 118 -118 Peterabura--ClaH A ... ~ llli -118 128~-l~ . ... - .•.• 128 -128 Class B . . ....... . ... . ... 6 ... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9~ :::: ........ - BALTIMORE BO DS ..A.ND 130 BALTIMORE BONDS IN 1902-CONCLUDED. JANUARY FEBR'RY. MARCH. APRIL. MAY. BONDS. JUNE. JULY. AUGUST. SEPT'BER OCTOBER Nov·BER DEC ' BER. Low.High r,ow.Hlgb Low.Hil!'h Low.High Low.Hll!'h Low.High Low.High Low.High Low.High Low.EliJ!l, Low.High Low.High Phlladelphia Co .. .. ... :; ... 111 -111 .. - ... . ... - •.•. 110¾(-111¾ ... . Piedm't & Cumberl'd.:; .. .. - ........ - .... 108 -108 ... - . . . tOS½-108½ .... - ........ Ptttsb. United T1.·ac ... . :; 115 -115~ .... - ... 116~-116¾ . . . · . . ... - .... 117 -117 115~-115¼ 116¼-117 116%-1111% . . . Potomac Valley ...... :; U4 -118½ 117½-118 117¾-118½118½-118¾118¾,-118% •... - .. .. 118 -119 118 -118~117½-117½••·· US -118 Raleigh & Augus1a . .. 6 t22¾-123½ 124¼-124¼ ... . - ..•. 125½-125½ .... - .... 125½-1%½ 125 -12>~ 125~-125~ .. . Ralel,rh & Gaston . . .. :; . ... - .. . 115¾-115¾ •... ~. & R. Car Tr1111t. .. ~ .... - ........ .... L00}(-1001. ... 120 -120 .... - .... 122½-123 . . . . Rlchm'd & Danville .. 6 120½-120½ .... - .. . . LOO · 100 .... Equipment, 1909 .. :; .... - ....... Rich. & Peter.. b .. 'l:i.f> l~ll'(-121¾ .... . ... l20!,.(-120,¼ ll7 -117 - .... 1193'-119¼ . ... Richmond Traction ... :. . .. - .... 108 -108 108 -1(8 109 -109 ... . Sav. Fla. & W,-ht ... :; .. - ... 115 -115 114¾-116!>1, 116 -Im 116 -116 Ll6!1,(-116~ 1st, 1931 ................ ti .. .. - .... 130 -130 129¾·12~¾ 1so -130 12J½-129½ •... 99 - 9~ . ..• - .... !St, Jot11,'11 Rh er...... 4 .... Snvon, & Gn,-190» .. a .... - ... . 107 -107 !Seaboard Air Line .... 4 84 - 85½ 81¼- 85 84½- 85 83 - 87 85~- 87~ 85~- 86 85¾- 86¾ 86¼- 110 87 - 88~ 83 - 85¾ 83¼- fl5¼ ~2½- 83~ 10-year .. . ........ ..... ~ 102¾-103¼ 103 -103½ 103½-10:l 104 -105½; 102¾-108 103 · 103% 103½-10!¾ t0i¼-10"'7A 103¾-101~ 103 -104.x, LOI -102 101 -102¼ Sen.b'd & Roanoke .... :; . .. . - .... 115¼-115¾ IHI -116 . . ... 113¼-114 ll8¾ ·11 3~ 113~-113¼ • ·ertiftcatell .......... . . 6 .. . . - .... 110¼-110% .... - ... 118)4-lB!,,: . .. . - .... us -118 SE>cond Ave., Pittsb'u.:; •.. . Silv. Springs U. & G . . 4 .... - ........ - ...••.. . 96 - 96 South Bound . ........... :; 1011¾-lll½ 111¾-lll!':( 112 -112¼ 110 -112 112~-11~¼ 112 -112½ 112¼-l12~ 113 -113 113 -113 110¾-lll¼ U0¾ -110~ lll3,:(-lll~ Southern...... . ..... . ... ;} 119½-ll9l-! .... - ... 121:14-121¾ 122¼-122)4 .... - .... 128!4 123¼ ..•. - ... 118!4-118!.& .••. Toi. L, & St, W e8t .... 4 . . . . - ........ - ........ - . . ...... - ..... ... - . . . ... - . . . . . .. . - . . . . . . . . - .... l:!l - :;1 •• . Toledo T1·actioo ........ ~ .. - .... 10!)4-104¼ lOlx(-104¼ .... - . .. 104 -104¾ .... - ....... - ....... Un. Elec. Lt. & Pow.4J,, 84¾- 8tl}I, 83 - 85 83½- 84~:( 82½- 81 81 - 84.¼ 84½- 87¼ 84¼- 85 84¾- 86½ 86 - 88 86 - 86~ 86 - 86 United Ky. & Elec ..... 4 951,,!- 96 95¾- 97¾ 9i7-!- 95 94¾- 95¾ 94!J:(- 95~ 95½- 97 96%-- 97½ 97¼- 98½ 94¼- 95U 94½- 95¼ 9t¾- 95¼ 94 - 95 Incomes................ 67¾- 68}, 68%- 71¼ 68%- 72¼ 70¾- 71¾ 71¼- 72}a 69 - 70~ 69½- 71 65 - 68 7U¼- 71¾ 67 - 70!1:1 66¾- 68~ 67½- 69 97 - 97 97 - 97 Va.Elec.&Devel,,lst.~ · 97 - 99)4 96¼- 9':' 97 - 97½ Vlralnia Mldlandlst series................ ti 109½-109¼ . ... - .. . . 109 -109 .... - .... 107½·108 .... - .... 109 - 109 .... ll5¼-106 2d series................ . ti 117%-117~ ... - ...• 115"'-115¼ 115'11-115½ 115¼-115¼ 115½-115~ ...• - .... 117½-117¾ .. . 113¼ ·114 LIS -113!}¢ lU -11:l 3d 8eries........ ..... . :;-ti . .. . - .... 12i -124¾ .... - . . . . . . . - ... . 1~1 -121 •.... - .... 123¼-123¼ .... - .... ... 119 -119 4th serles . ....... . 3•-t-:) . . .. - ........ .... - ....... - ........ - .. ...... - .. .. .... r • • • • • • • • - . • • • • • •• •••• 118 -113 ~th sel'ies ... . ........... ;"1 116% 118 .. 115½ -115~ lltl¼ ll6r4 116½ 117 116½-116½ 116¾-116¾ 116¾ -116!14 .•.• - .... 1143'-115½ 115 · 115 114½-IU½, General, 1936 .... . .. a .... - . . . . 117 -117 West Va. Cent.-lst... . h lH -114% 114¾-115 115 -115 lH¼-115!,4 114¾-115¼ 115%-115¾ 113 -11::1¼ 113 -113½ .... - .. . . 114½-115 ll5 -115 114½-IU¼ West. No. Car.-Con8 .. ti 119 -119 .... - .... 120¼-120¼ .... - ... . ... - ... 120½-120½ 118 -118 .... - ... . 119 -119 118½ 118}, .... Wilm. Col, & Auau .. ti U5 -115 116 -116 117 -117 116 -116 116 -116 113½-113½ 113¼-114 123 -123 12.J -123 Wilm. & Wel.-1113.1 . . .) 120¼-120% 121¾-121¾ 121½-121¾ 122¼-122¼ 122½-122½ 122¼-123¾ .... - .... 121½-121½ 121¾-122,!,,. •• General, 193~ ....... . 4 .... - ........ - ........ - ....... - ........ ... lOi -104 Ctfll. nf indf'bt..... 1 .... - .... . ... - . ...... - ... .... . - ....... - . .. 170~-1"0~ .... - BALTIMORE STOCKS lN 1902. ~'l'OlJh~. JANUARY FEBR'RY. -Pr(cea ver sh.are. not ver cent. ----------- MARCH. APRIL. MAY. JUN.I£. 1 JULY • • AUGUST. SEPT'BElt. 0CTOB1!:lt. NOV'BER. DEC'BEB. - - ---- _________ ,______,____ Par. Low.Hlgh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.H.tgb - - - ·--- ---- - - - 15½- 16 16 - 27 35½- 40 24 - ao l>5 - 38 29!14- 41 83 - 37 Ala.Con.Coal & Ir.100 .... 75 - 75 87½- 91 81 - 87½ 85 - 90 88½- 89~ 89 - 90 86 - 86 Pret ........ .. . . .. . .. 100 - .. . . 170~-170¾ .... - .... ltl7¾-167l}.( 167¾-167~ 168 -168 16 -16:3 Atlanta & Chari. ... I Uo .... 160 -160 170 -185 210¼-250 2i5 -250 250 -269 268 -268 281½·340 318 · 857J.!! 347½-355 348 -348 310 -325 Atl.CoastL.(Coun.)100 .... 87 - 87 88 -104 105~-121 123 -125½ 125 -149½ l46J.j;-170x, 159¾-ltl3 163 -183 168¾-183¼ 153 -170 12~-148 Allan, coast Line .. 100 86¾- 87 - .... 115 -116 l'ref'................... 100 108½-109 109½-109~ lllll¾-117}4 119 -122 118 -119 ..•. - .... 110 -i19}4 . ... . ••. 136 -140 110 -183.¼I . . . Clas11 "A" ......... 100 .... ½- 4½, Rhrhts ....... .. ..... .. ... .. .. . - .... 38k- H¼ 1st ln81alment paid ... .... - . ... 2i0 -2:0 270 -2;0 ... . Atlant. Ti·ansport.. 100 227 -235 225 -231 230 -28! 225 -280 275 -2i5 5!,4- H!ki 8 - 9).4 . . .. Baltimore Bl."ick ........ . .... B. & O. vor. tr. ctf's.100 ... - .... 105)4-105!){, .... 951\j,- 95~ ... Pref. vot. tr. ctfiJ.100 .... - .... . ... Baltimore Wareh ... 20 .... - . . . . 22½- 22x, 23 - 23 22 - 22 . ... Biar 'V elu coal. .. . .... lo 30 - 30 .... 101 -103 100¼-102 - .... 100 -100 100 -100 Canton Co ............ 100 .... - ... . 98- 98 10½- l u¾ . . . . - . . . . . . • • Charleeton Coo. El. .:;u 12 - 12 Ul - 12 . ... 70 - 72~ 73 - 71¼ 71¼- 74 70½ - 74 70 - 72½, Cousolldated Gas .. lOtJ 62>(- 63~ 63~- 118 tl7 - 69¾ 68~- 7.!.¼ 67¼- 71~ 67½- 70~ 67 - 70 80~- 80¼ 81¼- 86 85 - 86 84 - 84 84 - Si Con8olidatlon Coal.100 .... 81 - 85 83 - 83 80¼- 82 .... - ... 80 - 80 0 - 80 6½- 6¼ Cotton Duck v. tr. clf8 .. 10 - 13¼ 11 - 1~ 9%- n:n 10~- H 10¾- llJti JO - 11 9 - 10¼ II - 10¾ 8}(- 9¾ 7 - 8;1,.1 8 - 8 ()rown Co1.·k & Seal. . ... . . .. - .... 180 -180 Fredrick Turnpike .. ~0 .... - 1 - . ... lld -lld 116 -116 - .... 114 -114 Georires Cr'k Coal. l 00 115 -115 - . ... 115 -115 48 - '18 50 - 50 52½- 52½ . . . . Ga. Soutb'n & Mla.100 ... - .... 50 - 50 1st pref......... .. ... 1 Ou 99 - 99½ ..•• - .... 101 -101 101 -101 100 -100 l00¼-100¼ 90¼-100 100>{!-100½ 100>11-101 101 -102½ 99¼-100 ...• 82¼- 82,½ 83 - 88 88¼- 83½ 81 - 81 . • • • - . . • . . • . • 2d pret ............... lUU .... - ... . 81 - 82 - .... 82 - 8.! 16 - 18 16 - 17 13 - 16½ 11¾- 14% 12¾- 13 G,-B.-S. Br, vot. t,ctf8 . 10.!,:,!- H 12 - 12¾ 14:J.(- 18¼ 18 - :.!O.¼ .... - . .. . 16 - 18 16 - 18 14¾- 16 . lnt'l Mere. lllal."lne. 1 O .... {8%- 50 Pref......... .... ...... 100 •··· 27 - 27 K.noxville T1.•act'n. 1 00 .... - . ... 15 - 15 .... . . . 50 - 50 50 - 50 . . . • Lexlnaton l!!ltreet ... ..... . '. .. .... 136¾·136¾ .•.• Louhv, & Nn.sltv ... 100 ... Md. Brew.v.tr . ctf.100 .... 9 - 9 27x(- 32 30 - 31 31 - 31 .... 29 - 31¾ ..•• ll'larJ I'd & Penn. RR ... .... - .. . . 13 - 13 .... - .... 15)4- 15}4 18¼- 29 Mer. & Mec. l', B,L.~a0 . . . . - . . . 195 -200 .... - .... 176 -175 180 -180 185 -185 185 -185 .•.. Merch. & Min. Trans .. .... 6¾ 5¾ - 6¼ 6 - 6½ 5 - 61fl 3¼- 4!4 3¼- 4¼ 3 - 3 s - s 3 Nashville Ry . . ..... .......... - .... 40-iO Nat'I Composi1ype .. .. .... 37 - 37 39 - 39!4 35¼- 85¼ .. .. Nae. Enam. & !St'p .. 100 .... - .... 31 - 31 31 - 81 29¼- 29½ . ... 86 - 86 88 - 88 Prd .... ....... ........ 100 .... - . ... 84¾- 81¼ 85 - 85½ 85 - 85 85 - 86¾ .. •• Norfollt Ry,& Ligltt.~~ 10 - 10½ .••• - .....•.. - .... 10 - 11 - • • • • lS - 13 13 - 13 12 - 14 l:i¼- H 18 - 13 13 - 13 Northern Central ... ~0 10! -105 lOi -107 107 -110 110 -111 115 -117½ 117 -11!3 117¼-125¼ ltt¼ lt5 124 -125 123 -121 119 -lltt 115 -115 Philadelphia lJo ..... . ~0 .... - .... 49¼- 49!14 ..•. - •... 50 - 50 ..•. - .... i8¾- 48\l:t .... - ... 49¼- 50 .••• - . . . . 46½- i6¼ . . . . Richmond Tractton.~0 .... - .... 45 - 45 .•.. - . ... 46 - 46 .. - ••••.... 17 - 17 Ro laud l'ark... .. . .... . .. . .. . 24 - 2:l~ 2i - 28¼ 25 - 27¾ ~5.111- 2d 25¼- 28½ 27½- 31¾ 29~- 34 27¾- 30¾ 2i,t- 29¼ 23~- 28 !Seaboard Air Line. I 00 28!):(- 2B¾ 24½- 27 U - 48_!4 45½- 47½ Ul,4- 46 45 - 4~½ 47%- 55¼ 48 - 53¼ i5½- 50 iS¾- 47~ 40¾- 45 Pref ............ ... ... 100 45!):(- 50¼ 46 - i7~ ii~- 46 - . .•. 95¾-· 95,,_ ..•• ~outhern, pret....... 100 .... !Southwest. (Ga,). 100 .... - .... 11~ -116 .... - .•...••. 38-38 .•.• - ....•.• 41½- i5 48 - 55 .... Suff'olk & Carolina ..... . ... . - ........ 41 - 41¼ 40¾ · 41½ 41 - 42 41 - 41 35 - 38_!4 39 - 41~ 38¼- iO 38 - 38 Un. El. Lt. & P., pl ... ~9 S5 - 35 32½- 86¼ 34%- 42 41 - 42 United Ry. & Elec .. . :;O 14¾- 15¼ 15¼- 1631! 15%- 17 16¼- 16¼ 15%- 16~ 15!1:{- 16}4 15%- 16¾ 15¾- Ill½ 14 - 15" 13 - 141' 18¾- 14¼ 13 . - 14 31 - 34 S! - ,H - • . . . Si - 3i 34 - 34 P1•ef.... .. . .......... ... ~o 33 - 3a .•.• 35 - 35 103'- ltl¾ 15 - 15x, . • . . s - •••• 8 u. S. Cotton Duck .. lOtJ .... 85 - 35 We111tern Un.ryln.nd .. ~0 20 - 20 20 - 2i 25 - 32 30 - 37½ 34 - 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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