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Q u o ta tio n
- S u p p l e m e n t (Monthly)
S t r e e t R a ilw a y S u p p le m e n t
liv e s t o r s
S u p p l e m e n t (Qwerty)
S ta te
a n d C i t y S u p p l e m e n t (janAnimau*)
ntered according to Act o f Congress, In the year 1903, by W il l ia m B. D a n a C o m p a n y , in th e office o f L ib ra rian o f C ongress, W a sh in g ton , D. O
VOL. 76.
SATURDAY, JANUARY 24, 1903.
NO. 1961.
W e e k e n d in g J a n u a r y
^ h e
C le a r i n g s
C h r o n ic le .
at—
PUBLISHED WEEKLY.
Terms ol Subscription—Payable in Advance
or One Y ear..................................................................................................$10 00
lo r Six M on th s............................................................................................. C 00
uropean Subscription (including postage)............................................. 13 00
uropean Subscription Six Months (including postage)....................
7 50
nnual Subscription in London (including postage)........................... £ 2 14 s.
x Months Subscription in London (including postage).................. £ 1 11 s.
Above subscription includes—
B ank
a n d Q u o t a t io n S u p p l e m e n t
I n vestors’ su pplem en t
I
|
St r e e t R a il w a y S u pple m e n t
s t a t e a n d Cit y S u pp l e m e n t
Terms ol Advertising—P er Inch Space
ranEtont matter.............................................................................
( Tw o
Months
(8 tim es).........................
22 00
29 00
) Three Months (13 t im e s )....._________
landing Business Cards ■
) Six Months
(26 tim es).........................
( T w elve Months (52 tim es)___ ____ _____
LONDON AQENTS:
87 00
M essrs. E dwards & Smith , 1 Drapers’ Gardens, E. C., w ill take subjriptions and advertisements, and supply single copies of the paper at Is.
■mo.
W I L L I A H B . D A N A C O M P A N Y , P u b lis h e r s ,
Pine Street, Corner ol Pearl Street,
ost Office Box 958.
NEW Y O RK .
CLEARING ROUSE RETURNS.
The following table, made up by telegraph, etc., indicates
bat the total bank clearings of all the clearing houses of the
flitted States for the week ending to-day, Jan. 24, have
een $2,257,103,085, against $2,787,699,262 last week and
2,216,449,159 the corresponding week last year.
Clearings—R eturns by Telegraph.
Week Ending Jan . 24.
190a
1902.
ew Y ork.................................................
os ton. . . . . . . . . . . . . . . . . . . . . . .
hlladelphta. _ ............ ...........................
altlm ore................................................
hlcago.....................................................
L Louis...................................................
ew Orleans...........................................
$1,110,155,455
125,946,081
102,555,460
17,408,109
151,530,987
42,941,407
15,592,592
$1 143,006,766
105,736,601
96,660,704
18,077,487
136,571,070
43,542,499
13.464,562
—2*3
+ 19 1
+61
—3*7
+11*0
—1*4
+158
Seven cities, 6 days.......... .
thor cities. 5 days...............................
$1,572,130,151
296,804,011
$1,557,059,695
259,463,817
+1*0
+14*4
Total all cities, 5 days....................
11 cities, 1 d a y ......................................
$1,808,934,162
388,168,923
$1,816,523,512
399,925,640
+2*9
—2*9
Total all cities fo r w eek................
$2,257,103,085
$2,210,449,158
+1*8
P. Cent.
The full details for the week covered by the above will be
iven next Saturday. W e cannot furnish them to-day, clearags being made up by the clearing houses at noon on Saturay, and hence in the above the last day of the week has to
•e in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
reek, covering the returns for the period ending with Saturay noon, Jan. 17, and the results for the corresponding
reek in 1902, 1901 and 1900 are also given. Contrasted with
he week of 1902 the total for the whole country shows a gain
f 16*3 per cent. Outside of New York the increase over 1902
> 4*5 per cent.
Week ending January 17.
Clearing8 at—
1903.
1902.
3
$
ow Y o r k .................... 1,859.121,244 1.508.283,740
hll&delphia............... 128,243,307 132,117,975
itts burg......................
43,053,460
40,652,522
altlm ore....................
26,458,858
27,833,009
« ffa lo .........................
6,248,94?
6,277,775
rashlngton................
4,354,452
8,247,284
Ib&ny......
ft IWt d.rvl
4,450,99?
•ochester.......
2,819,933
2,347,485
yracuse.....................
1.654,366
1,510,838
cr&nton....................\
1,904,507
1,505,753
film lngton.......1! !!
1,253.143
1,247,664
ingh&xnton...............
490,300
334,500
hester.............
9MK turn
490,398
reensbiug.......
434,297
884,005
fh eeiin g............ \]\\\
778,714
854,967
riikes Barre.....’ ! . ! . !
806,419
* 8 2 4 ,4 2 6
tica.............................
2.538,932 Not include
Total Middle
’ 2,083.187.349 1.730.912.0^0
Inc. or
Dec.
1901.
1900.
$
$
%
+ 2 3 3 1.730.045,424 1,005,170,062
—2*9 104,702,050
94,035,719
30,804,330
29,173,930
—6-4
—4 9
19,710.874
23,215,094
0,290.2 70
—0*5
5,129,889
+341
8,279,584
2,891,178
s i ^q nan
9 79(1 AK7
_L9fM
9 199 UU1
2,273,055
+9*1
1,310,287
1,287,902
1,437,100
1,263,000
A1-26*5
1,000,282
1,014,087
+0*4
459,500
458,900
1-48*7
J V)
_7rVn
-130
349,878
320,000
—8*9
—4*9
d in to tal.
+19*7 1.914.077.418 1 165.197.914
1903
1902
I n c . Or
L)ec.
B o sto n ...................... .
Providence...............
H artford.............. ...
New Ilaven................
Springfield.................
W orcester..................
Portland......................
Kali River...... ..........
Lowell...............—
New Bedford..............
H olyoke............... ......
Total New England.
$
164,353,769
9.163,900
3,239,221
1,875,443
1,893,352
1.929,423
1,513,363
1,140,428
560,090
098,895
470.283
186,844,173
%
$
149,561,077 +9*9
8,7:34,000 + 4 9
2,890,748 +121
1,837,962 +2T
1,744 367 +8'5
1,773,959 +8-8
1 662,280 —90
1,430,906 -20*3
729,088 -22*4
660,534 +-5'0
382.683 +230
171,408,204 +9*0
Chicago................. —
Cincinnati...................
D etroit.......................
Cleveland...................
Milwaukee ..............
Columbus....................
Indianapolis...............
Peoria.........................
T oledo.........................
Grand Rapids............
D ayton.......................
Evansville.................
Youngstow n..............
Springfield, 111...........
L exin gton .................
Akroru.........................
Kalamazoo.................
R ockford....................
Springfield, O.............
Canton.........................
Jacksonville..............
Ou»ncy .......................
B loom ington.............
J a ck son .......... T, .......
Ann Arhor ,,
M ansfield...................
Decatur.......................
Total Mid. Western
184,099,073
25,933,850
10,320,101
16,092,630
8.050 016
4.393,600
6,613,763
2,988,862
3,635,853
2,594,702
1.785.901
1,417.742
517,709
699,181
690.315
829,000
788,552
440,109
886,670
508,755
197,854
270,791
391,519
213,230
118,094
196,030
242,762
274,780.631
171,130,439
21,422,600
17,206,759
14,611,639
7,271,752
8,948.550
5,042,242
2,804.710
2,897,711
1,768,953
1,528,043
1,050,809
545,427
765,924
642,896
780,600
004,081
363,592
361,042
376.913
216,085
210,050
342,417
195.741
187,475
232,189
317/253
256,828,572
San Francisco...........
Salt Lake City............
Portland...... ’. .............
Los Angeles..............
Seattle.” ...................
Spokane......................
T acom a......................
H elen a .......................
Fargo...........................
Sioux F a lls ...............
Total P a cific.........
30,557,700
3,203,815
3.347,254
6,202,263
3,753,277
2,007,060
2,192,809
448,425
556,000
264,927
52,533,002
25,333,440
3.368,196
2,791.800
4,178,954
2,963,248
1,407,825
1,240,190
756.978
424.487
234,129
42.699 247
Kansas City................
M inneapolis........ .....
Omaha.........................
St. PauL......................
D enver.......................
St. Joseph...................
Des Moines.......... ..
D avenport.................
Sioux City...................
T opeka.......................
W ichita.......................
Fremont ....................
Colorado Springs.......
Total other W est’rn
21,450,702
13,714,248
7,638,380
7,037,871
4.919.231
5,018,218
2,046,800
970,267
1,586,270
1,600,734
745,700
107,900
599,879
68.102,200
17.
1901.
1900
*
153,490,448
8,336.500
2,818,042
1,754,801
1,444.063
1,551,102
1,318.294
859,774
594,503
787,832
516,155
173.471,479
135.001,100
8,102,100
2,045,697
1,668,564
1,359,745
1,389,127
1,250,088
879.840
546.699
413,644
349.176
159,605.160
+ S -o
—8*7
-290
1-14*3
+89
—307
-156
-23*5
+7*0
140 198,458
22,435,500
9,962,409
12.303.403
0,130,090
2,600,750
4,001,691
2,310,353
2,658.818
1,479,584
1,183,775
839,617
356,664
436,325
601.113
568,700
887,880
288,557
344,149
317.246
172.082
265.973
207,585
139.033
140,000
55,000
131.827.841
10,203,750
10,244,036
11,023,407
6,575,418
2,514.750
3.081,189
2,066.085
2.487.007
1,408,992
1.040,070
1,054,634
336,802
442,499
535,850
482,100
357,380
303,506
304,166
265,094
148.647
255,000
210.972,755
193,015,729
+ 206
-4 9
-199
-48*4
-26-7
-42*6
-768
—40 7
+31*1
+13-1
+23*0
22.062,445
3,055,241
2,218,722
2,702,615
2,138,011
986,451
1,227,809
786,782
805,543
142,457
35,026.070
20,172,171
2,618.932
1,606,999
2,226,170
1,558,947
1,181.400
840.045
713.002
349,799
110.558
31,330,653
22,025,941 -201
14,2:14,586 —3-0
7,252,357 + 5 3
5,027,952 A -25*1
5,352,154 —81
5,852,408 —3*6
1,824,020 +12-2
973,525 + 0 3
1,043,904 - 3 5
1.540,069 + 0 9
781,058 —T5
239.250 -29-8
086,163 -89*2
68,300,387 -0*3
17,833,272
9,877,744
0,421.569
5,189,057
4.968,661
4,526,136
1,656,032
749,953
1,286,728
1,067,376
488,700
145,326
1,100,000
55,210,554
14.1S4.853
9,852.833
6,117,057
6,448.671
4,624,999
4,134,293
1,351,012
588,441
1,229.758
800,500
487,980
122,516
+7*5
+2P1
—40*0
-101
-19 0
-11 *3
-31-2
+6-0
-25
5
A
A -40-7
H-10-8
A-34*9
—51
—8*6
J55
A-30*5
- -21*2
50,000
48 942,908
41,276,984
33.197,486
53,714,645 —9*1
48.838.048
St. Louis. ...................
14,400,009
10,404,227 +8-8
13.020,086
17,855,639
New Orleans..............
9,939,075
10.07o.203
10,480,098 +15-6
12,127.377
Louisville..................
3.879,500
8,755,500
4,337,500 +2*3
4.430,500
Galveston..................
4,000.000
4.068.401
6,175,984 +272
7,855,775
Houston ....................
4,163,799
4,097,101
4,182,704 -4 -4
3,999.087
Savannah....................
4,417,998 -29*2
3,507,356
2,885,529
4,516,194
Richmond...................
4,021,817
2,865,047
3.951,196 -38*3
5.463,607
Memphis....................
1,942,874
2,154,892
3,195,661 -13-4
3,624,921
Atlanta.......................
1,506.426
1,925,544 -35*8
1,317,079
2.014,437
Nashville......... .
1,481,722
1.553.336
1,520,745
+8'5
1,656,203
N orfolk.......................
1,114,917
1,388,105
1.651,227
1,598.208 +3-3
Augusta......................
607,734
481,187
748,768 +30-5
1,021,743
K noxville...................
030,780
1,615,000
1,074,266 A -593
2,309,827
Fort Worth.................
900,000
835.&41
1,147,244 + 0*0
1,250,000
Birmingham..............
645,000
630,000
790,000 A -21*3
958,000
M «con............. ............
452.422
610,537
1,144,719
038,325 A -220
Little Rock.................
401,664
441,722
545,787
-23‘7
675,000
A
Chattanooga..............
265,411
285.000
436.427 —08
433,000
Jacksonville..............
870,077 +32*6
490,824
...........
...........
Beaumont...................
84,17?. 600
08,295,669
122,251.301 117,970,404 +3-5
Total Southern......
Total a ll.................. 2,787,699,202 2,397,124,960 + 163 2.488,253,951 1,676.320.584
Outside New Y ork.. 928,578,018 808,881.220 +4-5 758.208,527 671,144.522
Ca n a d a —
14,570.610
10,947,633
17,622,604 +25‘0
22,139,453
M ontreal....................
0,817.962
11,190.687
14,231,652 4-16-8
10.625,389
T o ro n to ......................
2.086,848
2.007.524
3.180,064 4-22-9
3,908,692
Winnipeg....................
1,185,013
1,300,000
-160
1,841,236
H alifax.......................
1,547,877
830.404
721,101
887.989 +19-0
llamilt- n....................
1,050.072
651,814
683,849
695.186 +4'2
St. John.......................
721,483
693.872
1,278.710
637.355 +28*9
821.911
V ictoria......................
04T.JO4
770,990
787.118 +34*4
1,058.356
Vancouver..................
...........
1,234,009 +14*3
1,410.8V;
Q uebec.......................
+24-8
•••••••a
1,575,552
1,905.128
Ottawa.........................
824.552 Not include d in to tal.
London...............
34.900.394
30,484,933
4*2.792.7t»5 + -190
51,258.248
Total Canada.........
THE CHRONICLE.
174
u n s c r u p u lo u s
THE FINANCIAL SITUATION.
T h e F r a n c h is e T a x la w h a s
t h e h o m e -r u le s e c t io n o f
been
fo u n d
[VOL. LXXVI.
B e s id e s , as
to
v io la te
th e S ta te C o n s tit u t io n (S e c .
assessors
we
s a id
th a t
w hen
is
a l m o s t ‘i n c a l c u l a b l e .
th e
la w
w as
passed,
th is
p ie c e o f le g is la tio n w as b o r n o f p r e j u d ic e c u ltiv a t e d by
:
p o lit ic ia n s a g a in s t
■!
c o m b in a tio n s
of
c a p it a l.
As
th e
2 , A r t . 1 0 ,) b y t h e A p p e lla t e d iv is io n o f t h e S u p r e m e
c la s s
C o u rt o f th e T h ir d D e p a r tm e n t, a n d h as c o n s e q u e n tly
t h a n t h e c la s s w h o t h i n k f o r t h e m s e lv e s , t h e u n t h i n k -
b e e n h e ld t o th a t e x te n t v o id .
i n g c la s s e a s ily i m b ib e d i s t o r t e d id e a s o f
te x t o f
app ears
in th e m a n n e r p r o v id e d
upon.
S e n a to r F o r d ,
th e o p in io n o f
th e
th e A c t
to
have
fo r
a d d it io n a l
w ho
not
w ho
passed
fra m e d
con cern ed
le g is la t io n .
be
assess
is
th e
r e a d in g
assessed
oth er
by
lo ca l
A s i t is a ls o s t a t e d
T a x D ep a rtm en t
th e re
That
th e
is
s iv e t a x a t io n
a ll
in , as
of
a
every
occu rs to th em w h at
th e ir
th in k in g
m eans o f
r e lie f
fro m
c o r p o r a t io n .
The
lo ca l
b e a rrested .
su ch
l a r g e flo w o f
la w s c o u l d
c a p ita l in t o
b e c a r r ie i
w it h o u t
any
new
upon
o ffic ia ls
th is
T h e d e p o s it a r y b a n k s r e c e i v e d l e t t e r s n e a r t h e c lo s e
of
la s t w e e k
fro m
th e
S ecreta ry
of
th e
B ta tin g t h a t h e d e s i r e d t o h a v e a r e - s u b s t i t u t i o n m a d e
d e c is io n
o f G o v e r n m e n t b o n d s as s e c u r it y f o r d e p o s it s a t th e ir
c o n v e n i e n c e a t a n y t im e b e f o r e t h e fir s t o f
ca ses w h e r e S ta te a n d m u n ic ip a l b o n d s
fa r
as
w ay
N ew
of
Y ork
b e in g
is c o n
c e r n e d , n o t w it h s t a n d in g th e d e c is io n .
th e
C o n s tit u t io n a l
p r o v is io n
g iv in g t o S ta te o ffic e r s
above
a p p o in t e d
it
v io la te s
r e fe r r e d
b y th 9
to
by
L e g is la tu r e
A u g u s t in
had
been ac
c e p t e d b y h im in th e
e m e r g e n c y o f la s t fa ll.
be rem em b ered
th e
th a t
c h a n g e in
th o r lz e d b y S e c r e ta r y S h a w a t
T h e b a s is o f t h is a d ju d i c a t io n w a3 t h a t
T reasu ry
of
real
ta x e d th e cu rr e n t y ea r so
m ake
th e
to
d e v e lo p
o u r in d u s t r le i
lo c a l a sse ssm e n ts f o r 1 9 0 3 u p o n th e fr a n c h is e s as
in
never
m e n t , a n d w h a t a p a r a iy s ls w o u ld a f fe o t t h e a c t iv it ie i
o f t o -d a y i f t h e s p ir it o f
and
be
th e ir
oppres
id e a
its
I t w ill'
s e c u r it y w a s an
th a t
t im e o n t h e c o n
d it io n th a t b a n k -n o te c ir c u la t io n b e t a k e n o u t o n th t ■
U n it e d S ta te s b o n d s w h ic h th e
T h e lo n g t im e g iv e n f o r t h e
G o v e rn m e n t g a v e up,
r e -s u b s titu tio n
il
m akes
t h e p o w e r o f a s s e s s m e n t w h ic h b e lo n g s t o lo c a l o ffic e r s
e n t ir e ly fe a s ib le f o r t h e
e le c te d b y th e p e o p le o f
n o t e s t h e y t o o k o u t a n d s o g e t p o s s e s s io n o f t h e G ov-
th e lo c a lit y a ffe c t e d .
I t w ill
ban ks to
w it h d r a w th e b a n k ®
t h u s b e s e e n t h a t t h e d e c i s io n is h i g h l y i m p o r t a n t b e
ern m en t b on d s at p resen t
on
c a u s e i t is a n a n t i - c e n t r a l i z a t i o n v i c t o r y , a n d i f t h e s a m e
u re r, a n d s u b s titu te th e m
in p la c e
i n t e r p r e t a t i o n is a d o p t e d b y t h e C o u r t o f A p p e a l s ,i t w ill
m u n ic ip a l s e c u r it ie s h e ld f o r G o v e r n m e n t d e p o s its .
c le a r u p a d iffe r e n c e w h ic h h a s b e e n a
little
c lo u d e d
w o u ld
ap p ea r, to o , th a t
by r e c e n t s ta tu te s a n d d e c is io n s u n d e r
th em .
C h ie f-
r ip p le
in
J u s tic e P a rk e r sa y s:
“ T h e r ig h t t o h a v e a ll t h e p r o p
e r t y in its lo c a lit y a s s e s s e d b y o ffic e r s c h o s e n
w as secu red to
S ta te
by
each
th e
tow n
C o n s titu tio n a l
b y its e lf
th e
m oney
it
of
th e
a n a g g r e g a t e o f 3 m illio n d o lla r s o f b a n k n o t e s c a n b
s u g g e s t e d in t h e G o v e r n m e n t n o t ic e t h a t b a n k s d e s h
fr o m
an y case
th is
th
r e t ir e d b y a ll t h e b a n k s In a s in g le m o n t h ,
its
o p e r a tio n
A ssessm en t o f p rop e rty fo r
T o su pport
u n d ersta n d
my
th e
pu r
t a x a t i o n is t h u s h e l d t o b e a f u n c t i o n o f l o c a l
S ta te.
I
w ith o u t
in
p r o p e r ty th a n it h as to w ith
in
T o
an(
p r o v is io n ; a n d
w it h d r a w in g
can n ot
done
S ta te
th e
fa r e n o u g h in a d v a n c e t o
pose
th e
in
in g t o
o ffic e r s w h ic h
be
m a rk et.
u p o n th a t r ig h t b y
d ra w a d o z e n ."
can
of
la s t s t a t e m e n t it s h o u ld b e b o r n e in m in d ( 1 ) t h a t o n l
ju d g m e n t th e L e g is la tu r e h a s n o m o re p o w e r to in fr in g e
o n e p a r t ic u la r s p e c ie s o f
d e p o s it w it h t h e T r e a s
m u n ic ip a lity
and
be
tr a n s fe rr e d
c o n s tr u c tio n
th e
to
C ou rt
ta k e
up
th e ir
n otes
s h o u ld m a k e a p p lic a t io :
secu re
p r e fe re n ce ;
a p p a r e n t ly w e h a v e n o w r e a c h e d
in flo w o f
c u rre n cy has set
h e n c e it i
th e
( 2 ) th a
p e r io d w h e n
in fr o m
th e
p r o m is e s t o c o n t in u e , s o t h a t u n d e r
I n t e r io r
a
an
o r d in a r y c ir c u it
s ta n c e s a p le t h o r a o f m o n e y w o u ld b e t h e o u t c o m e ; an
(3 ) th a t b a n k
n o te s are n o t
a c tu a lly r e tir e d fr o m
c ii
c it e d th e E a y m o n d ca s e , u n d e r a s ta tu te w h ic h s o u g h t
c u l a t i o n w h e n t h e s e c u r it y is w it h d r a w n — t h e b a n k g e l
to
its b o n d s b y a d e p o s it
tr a n s fe r
th e
d u tie s
of
C o m m is s io n e r s
lo c a l a u t h o r it ie s t o a b o a r d o f
o n g e n e r a l a c c o u n t as
to th e
con sen t
h e ld th a t
t h e C o n s t i t u t i o n in
lo c a lit ie s
and
th e
ta x a tio n ,
r e lie f fr o m
o n ly c o r r e c t
G overn or
rem edy
O d e ll
has
a n d p r in c ip le .
th e
fin d
a perm an en t
e n u n c ia te d
H e
31st
of
th e
cen t
of
G overn m en t
bonds
w a s r e le a s e d
b e t h e w h o le
am ount of
T r e a s u r y n o t ic e , o n ly a
by N ew Y o r k ban ks.
ie n t
reason
bank
n otes
L eav
fo r m a k in g m u c h o f
th is
o p e r a tio n
N ew Y ork
C i t y is n o t s e l li n g its b o n d s t o
p e r c e n t g o ld b o n d s o f th e m u n ic ip a lity
f o r s a le t h e p r e s e n t w e e k , a n d t h e y
g iv e n b y th e F o r d A c t ,
on
he
as
m o n e y -m a r k e t fa c to r .
am ount
o p e n s th e o p p o r tu n ity fo r b la c k m a il
be
H e n c e w e s e e t h e r e i s n o s u ffi
w h e t h e r c it y o r S t a t e , w it h s u c h w id e a u t h o r it y as t o
is
depos
a f f e c t e d b y th
p a r t o f w h ic h w o u ld
a d v a n ta g e as
as
on
o f th e S ta te a n d c it y s e c u r it ie s , 13 o r 14 m illio n s w on:
in g t h e p o w e r o f a sse ssm e n t in t h e h a n d s o f a sse sso rs,
assessm en t
la
says, rep ea l
th e F r a n c h is e T a x A c t a n d ta x g r o s s r e c e ip ts .
of
O n th e
D e ce m b e r, th e G o’
a s s e c u r i t y f o r d e p o s i t s a t $ 2 0 , 3 9 1 , 6 0 0 ; s i n c e o n l y 6 6 pi
as
th e b u r d e n s w h ic h th e F o r d b ill p u t u p o n
c o r p o r a tio n s .
d ay o f th e o ld y ea r, th e
r e t ir e s t h e m i
process.
e r n m e n t r e p o r t e d i t s h o l d i n g s o f S t a t e a n d c i t y bo n <
B u t w e cannot
tow a rd s
p r e s e n t e d , w h ic h is a v e r y l o n g
pow ers
I t w o u ld s e e m , t h e r e fo r e , th a t s o fa r as th e d e c is io n
g o e s i t is i n t h e r i g h t d i r e c t i o n .
n e e d e d , w h ile t h e G o v e r n m e i
b e c o m e s r e s p o n s ib le f o r t h e n o t e s a n d
and
r ig h ts th u s s e c u r e d to th e m , it w as h e ld t o b e v o id .
g a in e d
green bacl
ap-
th e
th e a c t o f 186 7 d e p r iv e d th e p e o p le o f th e c it y o f
th a t a n y th in g h as b e e n
g re e n b a ck s, th e
fiv e c o m m i s s i o n e r s
th e p la in in te n t o f th e s e c t io n o f
q u e s tio n w as to p re s e rv e
of
b e c o m e a p a r t o f t h e T r e a s u r y c a s h a n d a r e d is b u r s e
T h e o p in io n in th a t m a tte r
a n d d u tie s o f lo c a l a sse ssm e n t
T axes
th e
Y ork
a p p o in t e d b y t h e G o v e r n o r b y a n d w it h
o f th e S e n a te .
of
fro m
a n d A s s e s s m e n ts f o r t h e C ity o f N e w
01
and
a d e b t th is v a s t c o u n t r y o w e s
new
e s ta te , t h e y w o u ld B eem t o
is la r g e r
w e a lt h ,
ju s t s u c h c o m b in a t io n s o f c a p it a l f o r a ll
sam e
th e
a n tic ip a te d
b e lie v e
o u t a n d th is
expense
a n d h a d th e d e p u tie s a fo r t n ig h t a g o
to
do
o w n sh a re o f ta x a tio n , th e in d is c r im in a te a n d
fra n
e r e c tin g
th a t
no
grow
le t o th e rs
is,
p rop erty
m a c h in e r y o r im p o s in g a n y a d d itio n a l
C ity
fr a n c h is e s
s a id , a ft e r
c r e a t in g a n y n e w o ffic e r s , w it h o u t
th e p u b lic .
o m is s io n
ta x
w as
S e n a to r
fu tu r e
c h is e s w ill h e r e a ft e r
assessors
to
th e
th e C o u r t, th a t so fa r as th e o p e r a tio n
t h e la w in
n e c e s s it y
r ig h t
by
th e
o r i g i n a l b i l l , is r e p o r t e d
our
fro m
t h e p r e v a ilin g o p in io n , as if — b y t h e
to d is cu s s th e q u e s tio n — th e
of
It
who
th e
part o f
h e r e to fo r e .
a t a p r ic e n e t t in g
th e
Seven
m illio n
w ere
th e
sar
d o lla r s
w ere
o ffe r
d is p o s e d
p u r c h a s e r s (a ft e r a llo w in g
:
f'
January 24, 1903.1
h e p r e m iu m
THE CHRONICLE
p a id ) 3 *3 1 2 p e r c e n t in t e r e s t to m a t u r it y .
P h is m e a n s t h a t t h is c i t y is n o w p a y in g 3*31 p e r
in i t s l o a n s .
cen t
T h e f ig u r e is m u o h h i g h e r t h a n a n y r e
c e n t ly r e c o r d e d .
T h e s a le la s t N o v e m b e r w a s o n
th e
o f $ 1 4 ,4 1 2 ,0 0 0 in lo a n s .
fro m
th e in te r io r a n d
|,t 3 2 8 p e r c e n t , t h a t o f
stock .
=h a t o f F e b r u a r y , 1 9 0 2 , a t b u t
I m a ll b id d e r s
are
g r a d u a lly
I lin e o f t h e fir s t
s a le
lu e th o d ,
w h ic h
had
l.t t r a c t
s m a ll
b id d e r s
3*194
o n ly
A
th e
th e
new
d e v is e d
b id s
to
a lto g e th e r
o c c a s io n
T h ere
The
A t
under
116
34.
i a is e t h e b o r r o w i n g r a t e .
ce n t.
ou t.
e s p e c ia lly
C ir c u m s ta n c e s t h is t im e w h ic h
j ust b e e n
per
F eb ru a ry
been
O n th e p resen t
w as
per cen t and
d r o p p in g
in v e s to rs ,
i rere r e c e iv e d .
»f
la s t
3*233
th e
have
num ber
been
m ay have
som e
op era ted
n e w c it y a ssessm en t
to
has
a n n o u n c e d o n a v e r y m u c h la r g e r b a s is th a n
th e
S ub T reasu ry.
in c id e n t t o th e p a y m e n t b y th e L a k e
C om pany o f
at
T h e g a in in c a s h w a s d e r iv e d
fro m
a d d it io n t o lo a n s w as a t t r ib u t e d p a r t ly
b a s is o f o n ly 3 *2 4 1 p e r c e n t , t h a t o f t h e p r e v i o u s J u n e
M ay
175
Loans
are
now
S h ore
$ 8 8 6 ,0 5 4 ,1 0 0 ,
w it h $ 8 6 7 ,5 2 9 ,1 0 0 in 1 9 0 2
a n d $ 8 3 0 ,8 7 3 ,4 0 0
2 0 0 in 1 9 0 2 a n d $ 9 2 1 ,7 8 7 ,2 0 0
in
1901.
I n c r e a s e o f $ 2 7 ,6 0 2 ,3 0 0 i n d e p o s i t s .
q u ir e d
w as
th u s
d e d u cte d fro m
in c r e a s e d
by
t h e in c r e a s e in s p e c ie
d e r s , le ft $ 5 ,4 0 6 ,8 2 5 a s t h e in c r e a s e
s u r p lu s
is
now
$ 2 0 ,2 1 7 ,1 2 5 ,
s u p p ly
of
ury i n n o t i f y i n g t h e
lo s it s
secu red
N ew
banks
by
Y ork
C ity
th e S ecreta ry o f
h o ld in g
m u n ic ip a l
w h ic h
•y U n i t e d S t a t e s b o n d s , w i l l o p e r a t e
fe w Y o i k
th a t
m rpose.
th e se
r e p la c e d
r e le a s e
som e
fo r
t h e tim e
b e in g
f o r t h is s p e c ia l
O f co u rse if th e re w ere assu ran ces th a t N ew
C ity
tasls f o r
bonds
c o u ld
s e c u r in g
be
p e r m a n e n tly
h o ld s
tru e.
used
G o v e r n m e n t d e p o s its , th e ir
r o u ld b e g r e a t ly e n h a n c e d , a n d
hlso
be
th e
C o n s id e r in g
h a n g e in th e m e t h o d o f
th is
d is p o s in g
an b e n o s u r p r ise th a t th e
as
of
a
v a lu e
con verse o f
a ll
th is
a n d a ls o th e
th e
b o n d s , it
m u n i c ip a li t y is o b l i g e d t o
A n in c id e n t o f th e w e e k
th e q u a r t e r l y d i v i d e n d
has
on
been
le cts t h e
p r e v io u s 4
p r o s p e r ity
in e s w h i c h
th e
r o ls , n a m e l y
of
th e
P a c ific
c a p it a l o f
th e
4£ per ce n t p er an n u m
per cen t.
th ose
N orth ern
N orth ern
G rea t
tw o
T h e a c t io n re-
tra n s c o n t in e n t a l
S e c u r it ie s
C om pany
N o rth ern
R a ilw a y .
N orth ern
a u th o r iz e d
S e c u r it ie s
in d e r s to o d t o b e o u t s t a n d in g .
| U 2 3 ,9 3 0 ,6 0 0
>any
had
itie s
sto ck
been
sh ares.
a te
on
and
of
The
th ese
1900.
The
p orted
la s t
th e
400
75
per
G rea t
fo r
cen t
of
N o rth e rn
N orth ern
in
th e
has
4
per
had
cent
th e
C om -
d iv id e n d
e ffe c t
P a r tic ip a tin g
1904, to
on
any
w it h
at
d e p o s it o f
th e
th e
F eb ru a ry
cash
tru stee,
ra te o f 4 p er
1 of
each
d iv id e n d
p a id
lu r in g t h e p r e c e d i n g c a l e n d a r y e a r u p o n t h e d e p o s i t e d
c o lla t e r a l i n e x c e s s o f 4 p e r c e n t
on
T h e b o n d s y e s te r d a y c lo s e d
th a n
on
th e
o u ts ta n d in g
at 9 7 f,
F r id a y o f
th e
w h ic h
is
p r e v io u s
yeek.
exch an ge
on
m a k in g g o l d e x p o r t s u n p r o fita b le .
M on day cau sed
T h e s im ila r it y b e
tw e e n th e c o u r s e o f e x c h a n g e t h is w e e k a n d la s t w e e k
a p p e a re d to s tr e n g th e n th e b e lie f
m a rk et w as b e in g
th a t
th e
m a n ip u la te d th r o u g h
exch an ge
a r b itra g e
op
e r a t io n s in e x c h a n g e , s o as t o m in im i z e t h e m o v e m e n t
o f g o ld in a n y d ir e c t io n , a n d t h e b e lie f
ta in e d b y s o m e f o r e ig n b a n k e r s t h a t
T h e d a lly
of
n a tio n a l
T rea su ry sta tem en ts
bank
n otes
is
now
en ter
g o l d e x p o r t s w ill
th e
fo r
show
cu rren t
red eem ed
p r o m p t ly
by
th e
u s u a lly b y d r a ft s u p o n t h e
w h ic h h a v e c o n s t it u t e d a
banks
th a t
r e c e ip ts
r e d e m p t io n
in c r e a s in g r a t h e r th a n d im in is h in g .
are
T h e se n o te s are
fo rw a r d in g
th em ,
N ew Y o rk
S u b -T r e a s u r y ,
la rg e p a rt o f
th e d e b it b a l
a n ce s o f th a t in s t itu tio n a t th e C le a r in g H o u s e d u r in g
th e p a st th re e
w eeks.
The
d iv is io n
of
r e d e m p tio n
in t h e o ffic e o f t h e C o m p t r o l le r o f t h e C u r r e n c y is u n
a b le , h o w e v e r , t o k e e p
th e T rea su ry to
u p w it h
th e w o rk o f c h a r g in g
th e
am ount
sta tem en t o f
of
o v e r $ 2 0 ,0 0 0 ,0 0 0 ,
or
a b o u t $ 6 ,0 0 0 ,0 0 0 in e x c e s s o f t h e t o t a l o f t h e 5 p e r c e n t
r e d e m p t io n fu n d .
T h e S e c r e ta r y o f th e T r e a s u r y h as n o tifie d th e b a n k s
w h ic h w e re p e r m it t e d la s t f a ll t o s u b s t it u t e S t a t e a n d
G overn m en t
U n it e d
d e p o s its
fo r e A u g u s t 1.
th e N ew
Y ork
S ta tes
th a t
r e p la c e s u c h b o n d s b y U n it e d
b o n d s as s e c u r ity
th e y are
S ta tes
ex p ected
to
bonds on or b e
D e p o s its o f la w fu l m o n e y a t th e S u b -
T rea su ry h ere fo r th e p u rp ose
of
r e t ir in g
c ir c u la t io n
w e re a b o u t $ 1 ,0 0 0 ,0 0 0 t h is w e e k .
M oney
lo a n e d o n
on
th e
c a ll,
r e p r e s e n t in g
S tock
E x ch a n ge
ban k ers'
T u esd ay
b a la n c e s ,
t h is w e e k a t 2 £ t o 4 £
p e r c e n t , a v e r a g in g 3| to 4 £ p er c e n t .
O n M onday and
th e ra tes w e re 4 to 4 £ p e r c e n t, a v e r a g in g 4 ±
O n W e d n e s d a y th e y w ere 3£ to 4 £ p e r c e n t,
a v e r a g in g 4 p e r c e n t .
of
re
T h u r s d a y , b u t s t e r lin g a t P a r is a d v a n c e d s h a r p ly , t h u s
per cen t.
fe a tu re s
reserve
S ecu r
th e
and
p le d g e d
p e r a n n u m are e n title d
The
bank
th e r e c e ip t o f c u r r e n c y
th e is s u in g b a n k s , a n d t h e n o t e s h a v e a c c u m u la t e d in
d o lla r s
o f th e N o rth e rn
T h e se b o n d s are s e c u r e d b y a
h ig h e r
th e
by
A t th e la t e s t a c c o u n t s
n d in a d d it io n t o fix e d in t e r e s t
ito n d s .
reserve
th e se n o t e s a g a in s t t h e 5 p e r c e n t r e d e m p t io n f u n d o f
in c r e a s e
sh ares
N orth ern S e c u r it ie s s t o c k
fra ctio n a lly
c o u n tin g
a p p r e h e n s io n t h a t g o ld m ig h t b e e x p o r t e d t o P a r is o n
m u n ic ip a l b o n d s f o r
in
and
T h e a d v a n c e in f o r e ig n
fo r
ear, b e g in n in g
not
fr o m t h e in t e r io r a n d fr o m th e S u b -T r e a s u r y s in c e th e n .
s O re g o n S h o rt L in e
le n t
s u r p lu s ,
S itu rd a y
f e n h a n c in g a ls o t h e m a r k e t v a lu e o f w h a t a r e k n o w n
;o ld b o n d s .
w it h
is
abou t
exch an ged
sh are
C o m p a n y is
m illio n
'9 p e r c e n t o f t h e 1 5 0 m i l l i o n s s t o c k
C om pany
con
R a ilw a y a n d t h e
The
u illio n d o l la r s , o f w h ic h a b o u t 3 5 0
p a c ific
The
com p a res
T h e t o n e o f t h e m o n e y m a r k e t w a s e a s ie r t h is w e e k ,
in c r e a s e in
S e c u r it ie s s t o c k
T h is m e a n s t h a t d lv -
d e n d s a r e n o w o n t h e b a s is o f
th e
th e
N orth ern
:r o m 1 p e r c e n t t o 1 ^ p e r c e n t .
of
ten
b e p r e v e n t e d f o r s o m e tim e t o c o m e .
>ay a h i g h e r r a t e .
n stea d
in
in flu e n c e d b y th e la r g e g a in in
de
C ity b o n d s , a n d fu r th e r m o r e t o m a k e s u c h
ton d s u n a v a ila b le
fo rk
to
le g a l
s u r p lu s .
b on d s.
G overn m en t
I n u n ic ip a l s e c u r it ie s w o u ld a g a in h a v e t o
re
w h ic h ,
$ 1 9 ,0 6 1 ,4 5 0 i n 1 9 0 2 , $ 2 7 ,2 5 6 ,6 0 0 in 1 9 0 1 a n d $ 2 4 ,1 8 5 ,-
th e T rea s
s e c u r it ie s
reserve
and
in
a g a i n s t U . S . d e p o s i t s , is $ 3 0 , 2 9 9 , 7 0 0 .
th e
1901.
T h e in c re a s e
The
675
T h en , a ls o , th e a c t io n o f
in
$ 6 ,8 7 5 ,5 7 5 ,
m eans
.d d it io n s t o
R e a d in g
com pare
in c a s h a d d e d t o t h e i n c r e a s e in l o a n B 'a c c o u n t s f o r t h e
o p a c it y o f th e c it y , w h ic h
fu rth e r
and
R a ilr o a d
D e p o s it s a r e $ 9 0 1 ,1 1 1 ,9 0 0 , c o m p a r in g w it h $ 9 3 8 ,7 2 2 ,-
in c r e a s in g t h e b o r r o w in g
cou rse
The
o p e r a tio n s
$ 2 0 ,0 0 0 ,0 0 0 f o r it s p u r c h a s e o f
le r e t o fo r e , w it h t h e id e a o f
of
to
O n T h u rsd a y th ey w ere 2£
4^ p er c e n t, a n d th e r u lin g ra te w as 3$ p e r c e n t.
to
On
U s o c ia t e d B a n k s o n S a tu r d a y a w e e k a g o w e re a n In -
F r id a y ra tes w e re 3 £ @ 4 p e r c e n t , a v e r a g in g 3 f p e r c e n t.
rease o f
B a n k s a n d tru s t c o m p a n ie s lo a n e d a t 4 p e r c b n t as th e
$ 1 2 ,2 8 2 ,4 0 0 i n r e s e r v e h e l d a n d a n
in c r e a s e
THE CHRONICLE.
176
m in im u m , a n d m a r k e d d o w n t o 4 ^ p e r c e n t lo a n s th a t
s ig h t
had been
th e
c a r r ie d a t a h ig h e r
ra te.
The
t im e
m oney
m a r k e t w a s n o t v e r y a c t iv e b e c a u s e o f t h e d im in is h e d
a c t iv it y o n
th e
d u ce d to 4 f @
c o lla t e r a l.
S tock
E x ch a n ge, an d
The
in q u ir y
fo r
c o m m e r c ia l
b e e n g o o d a n d th e s u p p ly w as
s o m e m e rch a n ts are
rep orted
p a p e r in th e e x p e c t a t io n
b a n k s a n d tru st
of
t o w n ^ in s titu tio n s .
s ix ty
to
has
b u y in g
are
is
paper
m ore
d raw ers.
to
s ix
m o n th s 7 s in g le n a m e s ,
th is w e e k
in o ffic ia l
ra tes o f
d is c o u n t b y a n y o f th e E u r o p e a n b a n k s , b u t d is c o u n ts
in t h e o p e n m a r k e t a t
L ondon
w e re e a s ie r , a n d th e y
w e re s te a d y a t P a ris a n d B e r lin .
o f th e B a n k o f
E o g la n d
s e r v e t o l i a b i l i t i e s is
cen t
la s t
per
w e e k a n d 4 4 -6 2 p e r c e n t in
to
n in e ty
cen t.
The
per
cen t,
day
bank
open
Bank
at
ra te
B e r lin
and
at
to
of
London
a t P a ris
31
is 2 | @
F r a n k fo r t
our
s p e c ia l
E n g la n d
g a in e d
b u llio n d u r in g th e w e e k a n d h e ld
c lo s e o f th e w e e k .
th e c o rre s p o n d
b ills
m ark et
A c c o r d in g
th e
re
T h e c a b le r e p o r ts d is c o u n ts o f
and
p er cen t.
L ondon,
w e e k 's r e t u r n
th e r a t io o f
4 6 -0 5 p e r c e n t , a g a in s t 4 4 1 4 p e r
in g w e e k o f la s t y e a r .
s ix ty
T h is
sh ow s th a t
it
c a b le
is
fro m
£ 1 ,2 8 4 ,3 0 7
th e
O u r c o r r e s p o n d e n t f u r t h e r a d v is e s
in te r io r
of
G rea t
B r ita in ,
£ 1 2 0 ,0 0 0 (£ 7 2 ,0 0 0 p u r c h a s e d in
£ 4 8 ,0 0 0 r e c e iv e d
fro m
th e
to
im p o r t s
of
th e o p e n m a rk e t an d
C a p e ), a n d
to
ex p o rts o f
fo r e ig n
w eek.
exch an ge
S t e r lin g
w as
m a rk et w as
fir m ,
w e r e e a s ie r o n a c c o u n t o f
B e r lin o f
exch an ge
on
c a b le s .
fo r
O n W ednesday
b ills
b ills w e re
and
c a b le s d e
b ills
adva n ced
10 p o in ts h ig h e r a n d
O n F r id a y t h e m a r k e t c lo s e d
stea d y .
fo r
m a le
The
exch an ge
fo llo w in g
by
som e
sh ow s
of
th e
d a ily
le a d in g
FBI.,
Mon ., T h i s ., WED., thxjb .,
Jan. 16. jJan. 19 Jan. 20 Jan 81. Jan. 22
4 84*
4 87*
4 84*
4 88
4 84
4 87*
4 84
4 87*
4 84*
4 87*
4 84*
4 87*
4 84 *
4 87*
Merchants’ Bk. 160 days 4 84
o f Canada — l Sight.. 4 87 *
Bro™ Br08...... \Sight.B
Baring,
<60 days
Magoun * Co.. 1 Sight..
Bank British
160 days
No. America.. {Sight..
Bank o f
(60 days
Montreal........\Sight..
Canadian Bank (60 days
o f Commerce.. <Sight..
Heidelbach, Ick- l 60 days
elhelmer A Co. ( 81ght..
Laiard Freres.. |°gdays
j
1
84*
87*
S!2
IS*
;
;
84*
87*
84*
88
84*
88
84
87*
84*
87* •
84*
87*
84*
87*
84
87* 1
Is*
It*
84
87*
84
; 87*
84*
| 87*
| 84*
! 87*
j 84*
i 87*
84
1 87*
i
84
87*
84*
87*
84*
87*
84*
87*
84
87*
84*
87*
84*
88
84*
88
84*
87*
84*
87*
84*
87*
84*
87*
84*
88
»•
87*
M
It*
T h e c lo s e F r i d a y w a s a t 4 8 4 @ 4 8 4 1 0 f o r l o n g , 4 8695
@ 4 8705
fo r
sh ort
C o m m e r c ia l
m en ts
on
fo r p a ym en t
4 83@ 4
and
4
8370@ 4
4 8 3 @ 4 84.
83£, co tto n
a n d g r a in
4 8 7 4 0 @ 4 8750
banks
fo r
8380
c a b le s .
d ocu
C o tto n fo r paym ent
a ccep ta n ce
fo r p a ym en t 4 8 3 f@ 4
fo r
and
4
8370@ 4
8380
84.
T h e f o l l o w i n g g i v e s t h e w e e k 's m o v e m e n t s o f m o n e y
o a n d fro m
th e in te r io r
b y th e N e w
Y o rk ban ks.
Beeeired t>v 3kieeed bv
S . T Banks jy. r . Banks.
Week Kndint Jan. £3, 1908.
iQrrmoy............................................. .
t a d .....................................................
i*ot»l gold and legal tender*__
W ith th e
*<r Inttriar
atonement.
>7 297.000
1,094.000
•8,503,100
647,000
*8.891.000
*8 150 DOC Gain, f 6,241.000
S u b -T r e a s u r y o p e r a tio n s
th e
Gain. *4,794,0*9
Gain,
447,00*
r e s u lt
i s ai
fo llo w s .
£ 1 7 ,0 0 0 t o S o u t h A m e r i c a .
The
ra tes
T n is
lo n g , 4 8 7 @ 4 871 0
£ 3 3 ,5 1 1 ,7 4 6 a t t h e
u s th a t t h e g a in w a s d u e t o r e c e ip t s o f £ 1 ,1 8 1 ,0 0 0 n et
fro m
fa ir ly
5£
a n d 5 f p er ce n t fo r g o o d n am es.
T h e re w as n o ch a n g e
and
o u t-o f5 @
fo r
T h u rsd a y lo n g
c a b le s w e re u n c h a n g e d .
p osted
at
w ere u n ch a n g e d .
On
10 to 20 p o in ts , s ig h t
Y ork
n in e ty d a y e n d o r s e m e n ts , 5 @ 5 £
p e r c e n t fo r p r im e fo u r
10 p o in ts .
N ew
u n ch an ged
c a b le s
lo n g b ills w e r e u n c h a n g e d ; s h o r t
c lin e d
d u ll
fro m
and
4 8 3 8 0 @ 4 8390
sh ort a n d 4 8 7 5 0 @ 4 8760 fo r
th e ir
ra tes.
dem and
R a te s
to
fa ir ly lib e r a l, a lt h o u g h
are
th e
paper
t o b e w it h h o ld in g
lo w e r
c o m p a n ie s
fre e ly , b u t th e b u lk o f
p er ce n t fo r
ra tes w ere r e
5 p e r c e n t f o r a ll p e r io d s , a c c o r d in g
b ills
ra tes
[Vol. LXXVI.
w h ile
th e
ir r e g u la r
C o n tin e n ta l
adva n ces
L ondon.
With finding Jan. 28,1903.
mu
Banks.
Out »1
Banks.
Wet Okanu in
Bank Ecldlmi,
lank* interior movement, a* above
nb-Trea*. operation*........................
*8,891/00
80 700 000
*8.150,000
28,700.000
Gain *5,241,000
Gain 2.COO.OOC
Total gold and legal tender*......
Ct9.091.000
th is
b ills
a t P a r is a n d
T h e e a s ie r t o n e
*81,820,000 Gain. *7,241,000
of
L o n d o n d is c o u n ts m a d e s ix ty a n d n in e ty d a y b a n k e r s '
T h e f o l l o w i n g t a b l e i n d i c a t e s t h e a m o u n t o f b u llio n
n t h e n r in c in a l E u r o n e a n b a n k s .
b ills
and
c o m m e r c ia l
b ills
stron g er, a n d
p o r te d th a t th e re w as la r g e b u y in g
accou n t
of
B e r lin , w h e re
th e
of
it
ra te o f
The
opened
ra te
on
M onday
at
here
w as
4 8 7 @ 4 8710,
fo r
g o ld
and
som e
a n d th e n e x t d a y w en t u p
to
c e n t im e s ,
2 5 fr a n c s 15| c e n t im e s ,
th a t ra te u n til
it c lo s e d a t 2 5 fr a n c s 15 c e n t im e s .
T h u rsd ay, w hen
T he open
p r ic e o f g o ld b a rs a t L o n d o n d e c lin e d £ d . o n
day, and
th ere w as
a ls o
a
c o r r e s p o n d in g
th e p r ic e o f U n it e d S ta te s g o ld
c o m m e r c ia l b ills w a s
w as
d e liv e r e d
c o in .
The
part
co n tra cts,
n o in flu e n c e u p o n th e m a r k e t.
and
C u sto m
w h ic h
$980
H ouse
$ 5 ,2 6 0
in
w as
fo re ig n
d u r in g
in
g o ld
th e
U n it e d
c o in
G o ld
The
m a rk et w as
v a n ce s o f 10 p o in ts
fo r
r e c e iv e d at
g o ld
of
c o in ,
e x ch a n g e w ere u n
fir m
on
s ix t y -d a y b ills
f o r s ig h t b ills a n d c a b le t r a n s fe r s .
w as a fu r th e r a d v a n ce o f 5
had
a n d $ 2 1 ,7 0 6 in b u l l io n .
N o m in a l q u o ta tio n s fo r s te r lin g
p o in ts
4 8 7 | @ 4 88
M onday
and
Total.
Gold.
SUrer.
Total.
£
*
33611.746
144.214 129
47.887,000
80,816,000
68,797.000
34,113,000
19,012 000
11.238,900
4,760 000
£
35.958,843
98,128,859
87/99,000
68,249,000
47,071,000
14.029.000
16.100.000
8,788,OK)
8,180,687
£
£
85,958.848
42,029,878
60.821.OCO
74.433,000
08 610,00*
81.468,0X)
8,182,60*
12.068.60C
4.741.00C
48.777.968
12,928,500
6 588 000
12.519,000
19,720,000
2.080.000
8,290,900
1,68 i. 333
43.900.919
13/24, >00
6,184,000
11.639,100
17.439.000
2/62,6 W
6,319,60
1.580,383
outbl* wees 328.184.C80 106755695 483.889,775 825,628,869 102747252 <28 270181
Cot. orev. w’k 327.489,889 106156629 433.648.368 321,669.230 101613988 423 178,201
20
at
ad
p o in ts
O n T u e sd a y th ere
in lo n g b ills ,
H O W
TO
M IT IG A T E
C O A L
th em
$ 2 7 ,9 4 6 ,
S ta tes
c h a n g e d a t 4 8 4 @ 4 8 4 J f o r l o n g b ills a n d
fo r s ig h t.
s u p p ly o f
of
th e r e fo r e
w eek,
Silrer.
£
83,511 748
100 486 167
34,958.601;
78,780.000
46.258,000
1*. 388.000
16,982 000
4,898.0 0
8 166 667
W ednes
T h e A s s a y O ffic e p a id
f o r d o m e s t ic b u l l io n $ 1 ,0 1 2 ,2 8 0 8 8 .
th e
m arket
ngland ....
--anoe.........
erm any......
- a u la ........
voa.-HnngT.
'p a in ...........
taly.........
etherland*
at Belg’ro.
Gold.
d e c l i n e in
fa ir , b u t a la r g e
upon
fo r e ig n
s h ip m e n t s ; b u t s t e r lin g a d
Jan. S3 1902.
Bank of
S t e r lin g a t
v a n c e d o n th a t d a y a t P a ris t o 2 5 fr a n c s 15
c o n tin u in g s te a d y a t
on
25 fr a n c s 1 4 c e n t im e s .
b a n k ers lo o k e d
Jan. 22, 1903.
b ills fo r
exch an ge
L o n d o n is c l o s e t o t h e g o l d - e x p o r t p o i n t .
P a ris
w as re
su ch
w h ile
E F F E C T S
O I
FUTURL
S T R IK E S .
N o t e n o u g h a t t e n t i o n , w e t h i n k , is
b e in g
g i v e n t(
a c o n s id e r a t io n o f w h a t c a n b e d o n e t o p r e v e n t a repe
t it io n , o r a t le a s t t o s e c u r e a m it ig a t io n , o f t h e u n fo r
t u n a t e e x p e r ie n c e s o f t h e p u b li c in t h e a n t h r a c it e coa
s tr ik e ,
s h o u ld
in t h e f u t u r e .
th e re
be
a recu rren ce
of
th e
c o n flic
T h e m o s t s e r io u s f e a t u r e o f th is grea
la b o r d is t u r b a n c e h a s b e e n th e in ju r y in flic te d u p o n ou t
s id e r s — u p o n t h o s e i n v o l v e d in n o w a y in t h e d is p u te
a n d w h o h a d n o p a r t in
b r in g in g
w o rd s, th e g e n e r a l p u b lic .
I t is
aay t h a t n o la b o r s t r u g g le o f
s u c h w id e s p r e a d
s u ffe r in g
it
no
a b o u t — in
oth e
e x a g g e r a tio n
t<
r e c e n t tim e s h a s cau sei
and
d is tr e s s .
R e t a i l cod
THE CHRONICLE.
January 24, 1903.]
m in e r s a n d m a n u f a c t u r i n g e s t a b l is h m e n t s
e x p e r ie n c e d h a r d s h ip s s u c h
u p o n to e n d u re .
as
a lik e h a v e
t h e y a re r a r e ly
T h e p r iv a t io n s
c a lle d
a n d m is e r y e n t a ile d
u p o n th e fo r m e r a n d t h e s a c r ific e s a n d lo s s e s im p o s e d
iip o n
th e
need
not
la tte r a re
be
fa c ts
e n la r g e d
g e n e ra l s u ffe r in g , t h e
fa m ilia r
upon.
to
every
C om p a red
dam age
and
lo ss
one and
w it h
th is
s u s ta in e d
by
of
fe cte d .
th e
d u ty
2. T h e
v a n ia a t le a s t
tw o
of
th e
a lie n
con tra ct
sta n ce.
is c o r r e c t l y q u o t e d
th e s t a n d p o in t o f t h e p u b lic
d is p a s s io n a te w a y .
to th e lik in g
of
in te re s t
and
in
fro m
a c a lm
m in e r s
or
to
th a t o f th e c o m
he
fro m
has
fro m
been e f
P e n n s y lv a n ia
w o r k in g in
liv e d in P e n n s y l
h o ld s a c e r tific a te fr o m
la b o r
3.
The
repeal
la w , w h ic h p r e v e n t s r e
e x p e r ie n c e d
m in e
w ork ers
w h erever
W e k n o w th a t P r e s id e n t F o w le r
in
th e se
re m a r k s , as h e h a d p r e
v io u s ly e x p r e s s e d h im s e lf t o t h e s a m e e ffe c t t o
one of
o u r r e p r e s e n t a t iv e s .
W e h a v e o n a fo r m e r o c c a s io n s u g g e s te d
W h e t h e r a n y g i v e n p r o p o s i t i o n is
th e
a n y m in e r
years a n d
now
la w in
o t h e r m in e w o r k e r s in t h e s a m e fie ld .
th e y m a y b e fo u n d .
a p p roa ch ed
th e
th e a n t h r a c it e fie ld s u n le s s
c r u it in g
be
of
w h ic h v ir tu a lly e x c lu d e s
th e c o a l c o m p a n ie s o n t h e o t h e r , a r e h a r d ly a c i r c u m
th e r e fo r e
o n c o a l, w h ic h h a s
repeal
th e d i r e c t p a r t ic ip a n t s , t h e m in e r s o n t h e o n e h a n d a n d
T h e m a tte r s h o u ld
of
th e
P e n n s y lv a n ia
la w
r e q u ir in g
th e rep ea l
tw o
years’ p re
p a n ie s is r e a l ly i m m a t e r i a l a s l o n g a s i t p r o m i s e s s o m e
lim in a r y e m p lo y m e n t a t t h e a n t h r a c it e m in e s a n d t h e
r e lie f a n d p r o t e c tio n t o th e g r e a t b o d y o f p e o p le — th e
rem oval o f
c o n s u m e r s — in
p e r a tiv e
c o n t in g e n c ie s
of
th is
k in d .
W hen
s u c h la r g e in te r e s ts a re a t s t a k e , o n e n e e d n o t
be
to o
th a t
r e s t r ic t io n
n e c e s s it y .
has
W ith
c a te r in g t o th e la b o r v o t e , s u c h
be b y n o m eans
v id e d a lw a y s t h a t n o w r o n g o r i o j a s t i c e is d o n e .
s is te d o n , f o r n o t h i n g w ill t e n d
S u ch
or G overn m en t
m in im iz e
h e s it a t in g ly
s u ch a ste p .
The
cou n try
{r e a c h e d a p a ss w h e r e m e a s u r e s
co u n te n a n ce or su p p ort.
of
has
not
yet
th a t k in d c a n
fia d
B js id e s , as
i n g s t r i k e s is c o n c e r n e d , t h e y
fa r
w o u ld
as p r e v e n t
be
fu t ile .
F or
th e
J u ly 1 5 1 8 9 7 .
of
to
and
q u a lific a t io n
in g
B ea rd ”
coal
be
N o th in g s h o r t o f th e m ille n n iu m w o u ld e n su re a c o n
h a v in g
of
d it io n o f t h a t k in d .
fu rth e rm o re ,
been
th a t
e ffe c ts u p o n t h e
a n y d is tu r b a n c e o p e r a t in g
r e g io n s s h a ll n o t
s u p p ly
of
w ho m ay be at
fa u lt — th e m in e r s
G )a l is a n a r t ic l e o f s u c h p r i m e
in te r e s t
of
t h e w h o le
in
th e y o c c u r , as
becam e
a
a
la w
on
n o w w o r k in g
m in e r
a
or en gaged
be
in
of
“ M in e r s ’
proper
as
m in e r
E x a m in
d is tr ic t,
su ch .
of
e m p lo y e d
is s u e d
a
th e
com p eten cy
th e
c e r tific a te
be
th e
c e r tific a t e
th e
to
in
I t p r o v id e s
as
d u ly r e g is te r e d
t it lin g
p u b lic
be
P e n n s y lv a n ia
fro m
of
s h o u ld b e t o a t t e m p t t o m it ig a t e as fa r as p o s s ib le th e
to sh u t o ff o r c o n tr a c t th e
to
e m p lo y e d
r e g io n
w it h o u t h a v in g o b t a in e d a
T h e a im in t h e p r e s e n t in s t a n c e
of
w ill
t o d im in is h
a n t h r a c it e fie ld a m o n o p o ly o f t h a t fie ld .
th a t n o p e r s o n s h a ll
p r e v e n t s t r ik e s .
s h o u ld
s t r ik e s , w h e n
in t e n d e d t o in s u r e t o t h e m in e r s
a n th r a c ite
th in k w e ca n e v e r h o p e a lto g e th e r t o
know
I t is a v e r y c le v e r a n d b o l d c o n t r iv a n c e
to
is i d l e
it
im
d e s ir o u s
so m u ch
A c t r e fe r r e d
even G ov ern m en t ca n n o t co m p e l m en to w o rk if th ey
I t m ig h t as w e ll b e a d m i t t e d , t o o , t h a t i t
so
a c t io n w e
N e v e r th e le s s
e ffe c t
The
are d e t e r m in e d , e ith e r c o lle c t iv e ly o r in d iv id u a lly ,
q u it.
I
easy.
becom e an
t h e p r o b a b ilit y o f f u t u r e s t r ik e s a n d a t t h e s a m e t im e
c o n fis c a t io n o r o p e r a t io n o f th e c o a l m in e s m a y b e u n
r e je c t e d .
now
p o litic ia n s
c o n s id e r a t e o f e ith e r o f t h e p a r tie s t o th e w a r fa r e , p r o
s u g g e s tio n s as c o m p u ls o r y a r b itr a tio n
It
and
p r o v id e s ,
com p eten cy
in
except
th e
en
a n th r a c ite
su ch
m in e r
can
of
c o a l, n o m a tte r
prod u ce
or
th e
le s s t h a n t w o y e a r s ’ p r a c t i c a l e x p e r i e n c e a s a m in e r o r
c o m p a n ie s .
n e c e s s it y t h a t
in
c o m m u n ity e v e r y th in g
th e
s h o u ld
as
a
“ s a tis fa c to r y
m in e
w e a lt h .
la b o r e r
e v id e n c e
in
th e
of
h a v in g
m in e s
of
had
t h is
not
com m on
A n d In n o c a s e s h a ll a n a p p lic a n t b e d e e m e d
b e d o n e th a t c a n b e d o n e to r e d u c e to a m in im u m th e
c o m p e t e n t u n le s s h e a p p e a r in p e r s o n b e fo r e s a id b o a r d
h a r d s h ip s
a n d a n sw e r in t e llig e n t ly a n d c o r r e c t ly a t le a s t tw e lv e
and
s u ffe r in g s
in flio te d
th e se d is a s tr o u s c o n flic t s b e t w e e n
tors b re a k s o u t.
th a t e n d .
A ll
e ffo r t s
w henever
m in e r s
s h o u ld
one
and
be
opera
d ir e c te d
I t is t h e g e n e r a l p u b l i c t h a t n e e d s
of
to
p rotec
t io n r a t h e r t h a n m in e r o r o p e r a t o r .
In
th is v ie w t h e A c t
a p p roved
b y th e
ju s t
passed
P r e s id e n t,
in t h e r ig h t d i r e c t i o n
b y C on gress and
a b o lis h in g
becau se
it
th e d u ty on
a n th r a c ite
fo re ig n m a rk e ts
th e
th o s e in n e e d o f fu e l.
e ig n
s u p p lie s
of
a ls o k n o w t h a t
t iv e ly s m a ll.
m ust
be
as
B it
good.
a step
r e s tric
an d op en s th e
d o m e s t ic
m a rk ets
to
a re v e r y lim ite d , a n d w e
d a ty n ow
th e
r e p e a le d w as
gen eral
T h e k n o w le d g e
; w h a te v e r e x is t, t h a t
is
a ll
W e k n ow , o f co u rse , th a t fo r
a n th r a c ite
th e
It
rem oves
t io n s o n t h e I m p o r t a t i o n o f
as w e ll
t h e r e is
e ffe c t
of
th a t
no
e n tire
com p a ra
th e
rep eal
r e s t r ic t io n s
fre e d o m
o f tra d e
in c o a l, c a n n o t b e o t h e r w is e th a n b e n e fic ia l.
T h e r e p e a l , h o w e v e r , is o n l y o n e
oth er
le g is la t iv e
m o re , im p o r ta n t,
step s
to
fro m
th e
su m er a n d th e p u b lic .
As
be
q u e s tio n s in th e E a g lis h la n g u a g e
r e q u ir e m e n ts
id e n t ifie d
one
a n t h r a c i t e , is t o b e h i g h l y c o m m e n d e d .
;
m oval
177
ste p .
ta k en
T h ere
e q u a lly , i f
s ta n d p o in t
of
th e
The
of
a
p r a c tic a l
u n d er oa th
p r a c t ic a l
e x a m in in g
s e le cte d fr o m
as
m in e r
a
m in e
h o ld in g
a
boards m u st be com p osed
I t w ill b e s e e n t h a t
under
t h is la w t h e
e s p e c ia lly s o d u r in g p e r io d s o f
b e m in e d e x c e p t
to u s, are
d e n t F o w le r
of
N ew
Y ork
s t r ik e s .
C oal
can n ot
n o o u t s id e r c a n c o m e in , f o r in o r d e r t o h a v e th e le g a l
r ig h t t o w o r k h e m u s t
w o r k e d t w o y e a r s in
a s k in g a d m is s io n .
b e a b le
th e
The
to c e r tify th a t
v e ry r e g io n
h e has
t o w h ic h
la w sa ys t h a t
he
h e is
m ust have
h a d t w o y e a r s ’ p r a c t ic a l e x p e r ie n c e as a m in e r
o r as a
m in e la b o r e r , m a k in g it n e c e s s a r y , a p p a r e n t ly , f o r h im
as m in e
m in e r .
not
t h a t s u c h l e g is l a t i o n is o f a k i n d t h a t w o u ld h a r d ly b e
con
la b o r e r f o r
T o
P r e s i
tw o years
a la y m a n
b e fo r e
it w o u ld s e e m
s u s ta in e d as c o n s t it u t io n a l b y t h e c o u r t s .
I n t h e e v e n t o f a s t r ik e , as
w as
n o d ou b t w as on e o f
T h e la w
th e
sh ow n
no yay
s t r ik in g
o b je c ts
is a d i r e c t i n c e n t i v e
to
of
d u r in g
th e
w h a tev er
m in e r s , a n d
of
th a t
t h is le g is la t io n
O n t a r io
& W estern .
as it r e m a in s o n t h e s t a t u t e b o o k s w ill a lw a y s e n c o u r
s a y in g th a t
age
r e c e n t ly
th ree
th in g s w e re
n ecessary:
1.
The
re
ers.
th e
m in e r s
in a cts o f
T h e op era tors
are
.
s t r ik e s , a n d s o lo n g
b e e n q u o t e d as
M r. F o w le r h a s
e s s e n tia l
a n th r a c ite
h e c a n e n te r as
T h e b e s t s u g g e s t io n s in t h a t l in e , it
th e
m in e r s
t o e n g a g e fir s t
t h e r e fo r e easy
th o s e w h ic h h a v e c o m e f r o m
of
b y t h e m in e r s a lr e a d y In t h e r e g i o n ;
g e t t in g s u b s titu te s f o r th e
seem s
b y a t le a s t
c o m p a n ie s a r e l e f t p r a c t ic a lly h e lp le s s a t a ll tim e s a n d
t h r a c it e ,
t o b e c a r r ie d o u t .
th e
are
it h a p p e n s , t o o , th e m e a s
m easu res, a n d
la b o r e r
to
p r o p e r ly
th e sa m e r e g io n .
p ast su m m er, th e op era tors h a ve
repeal
be
m in e r ’ s c e r t ific a t e .”
u res r e q u ir e d a re , lik e th e re m o v a l o f th e d u ty o n a n B im p ly
p e r ta in in g
m in e r a n d
h o s tility
c o m p e lle d
to
th e ir e m p lo y
t o t r e a t w it h
th e
THE CHRONICLE
178
m in e r s , as t h e y h a v e n o
be
h osts
S ta tes
of
o th er
com p eten t
read y
and
recou rse.
m in e r s
w illin g , n a y
m ay
t r u s t — a t r u s t t h a t is h o l d i n g b o t h t h e c o m p a n i e s a n d
oth er
t h e g e n e r a l p u b li c b y t h e t h r o a t , w h o lly i n d i f f e r e n t as
w ork , b u t
t o t h e c o n s e q u e n c e s so l o n g as its o w n d e s ig n s a n d p u r
T h ere
c o m in g
fro m
a n x io u s , t o
[Yon. LXXVI.
a s t h e y c a n n o t fill t h e r e q u i r e m e n t o f t w o y e a r s ’ e x p e r
p oses are fu r th e re d .
ie n ce
W o r k e r s ’ o r g a n iz a t io n , w h ic h r e g is t e r s a n d o b e y s
in P e n n s y lv a n ia m in e s , t h e
b a rred fro m
c o m p a n ie s
g iv in g e m p lo y m e n t t o th e m .
is t h a t n o a r r a n g e m e n t w h a t e v e r c a n
are
de
T h e r e s u lt
be m ade
except
w it h t h e m in e r s ’ o r g a n iz a t io n , w h ic h m e a n s t h a t
a ll im p o r t a n t m a t t e r r e m a in s
p r a c t ic a lly in t h e h a n d s
o f o n e p e r s o n , n a m e ly J o h n
M it c h e ll.
In
o p e ra to rs are b o u n d h a n d a n d fo o t a n d
b id d in g a n d a o c e p t
th e
th is
c o n d it io n s
e ffe c t
m u st
of
t h is
th e
do
one
n o fa ir -m in d e d
p e r s o n w ill
t h a t t h is is a c o n d i t i o n o f t h i n g s w h ic h
a llo w e d t o e x is t a n y lo n g e r , h a v in g
in t e r e s t s
s u p p ly
uses
a
or
m ere
of
of
th ose
fo r
d a ily
c e r tific a t e
not
be
to
r e ly
fo r
upon
d o m e s tic
its a c t s t a k e s te p s t o
e x t e n t p o s s ib le , in
th e w ay in d ic a te d ?
ABRAM 8. HEWITT.
s ig h t
a
th e
past
c it iz e n
of
w eek
N ew
th ere
Y ork
t iv e c h a r a c t e r is t ic , a ft e r a ll
e ls e h a s b e e n
in g t h a t h e w as a n illu s t r io u s
in b u s in e s s .
to
im p e r il
be
m in e s .
th e ir
They
ow n
liv e s
B u t t h a t is a l l t h a t
as th e
la w s h o u ld
in
go.
th e
A
is
pre
m in e s in
t h e v ie w s , e s p e c ia lly
a ll w h o a r e
s u its .
n o t d ir e c tly
som e
w as a ls o f r o m
I n d ia n a , o r
I llin o is , o r V ir g in ia , o r W e s t
th e
life , f o r h e b e g a n
as te a c h e r
m a t h e m a t ic s
in
C o lu m b ia
c la s s
of
h is
in
and
1844.
a
m e r b y a y e a r in E u r o p e .
th ose w h o
m u c h lik e t o see th e
have
W e
c o n s t itu tio n a lity o f
g a in e d
p o s s ib le .
The
L e g i s l a t u r e is n o w i n s e s s i o n a n d
argu es
w e a r in g
w it h t h r e e s ilv e r d o lla r s
he
de
^
borrow ed
in
b e in g
p ic k e d
N e w Y o r k in
s a ilo r
th e
s u it
and
h is p o c k e t , t h u s a r r iv in g
a fo r e ig n a d v e n tu re r w h o h as w o n s u c c e s s in t h e N e w
p r o h ib
be re
be u rged
to
W o r ld .
th a t o f
m any
H e r e a d la w a n d e n t e r e d u p o n t h e p r a c t ic e , b u t
soon d is c o n tin u e d th a t,
t r o u b lin g h im .
h is
w eakn ess
B u t P e te r C o o p e r’s
of
th a t
M r . F o w l e r ’ s is
th e
a lie n c o n t r a c t
o n h is t r ip a b r o a d .
of
son
s ig h t
s t ill
E d w a rd w as
Y o u n g C o o p e r w as
fa t h e r ’ s b u s in e s s a n d w a n te d h is
a ls o .
fo r e ig n
a little , b u t c o n s e n te d ,
w h ic h
A fte r
b o a t h e la n d e d in
la b o r la w , w h ic h f o r b id s t h e m a k in g o f c o n t r a c t s w it h
and
m oney,
a c la s s m a t e o f M r . H e w i t t a t C o l u m b i a a n d c o m p a n i o n
s u g g e s tio n
H e
lit t le
th e
d o its d u ty in th a t r e s p e c t.
th ird
a c q u ir e d
in t h e s a m e c o n d i t i o n as t o p r o p e r t y as
P e n n s y lv a n ia
s h o u ld
h a v in g
of
a t th e
s h o u ld v ery
i t o r y s t a t u t e t e s t e d ; b u t a t a ll e v e n t s i t s h o u l d
as
g r a d u a tin g
T h e S a ilin g v e s s e l o n w h i c h
w in t e r s e a s o n ,
S ta te.
p u r
c id e d t o in v e s t t h e la t te r a n d p o s s ib ly r e lie v e t h e f o r
s u c h m in e r s s h o u ld n o t b e a llo w e d t o e n t e r t h e P e n n
as
m e r c a n tile
a p p lic a tio n , a th r e a te n
u p fro m an o p e n
sam e
v ie w s , o f
a c tin g p r o fe s s o r
But
h ard
t h e s a m e p u r p o s e , a n d t h e r e is n o r e a s o n w h a t e v e r w h y
t h e ir e x p e r ie n c e w it h in t h a t
e c o n o m ic
a fte r
h e w as r e tu r n in g w as w r e c k e d .
m in e r s
s c h o la r
t h e fir s t a s c h o l a r .
V ir g in ia , o r s o m e o t h e r S t a t e , w o u ld o b v io u s ly a n sw e r
a ls o a g o o d o n e .
th e
sp e a k s lig h t
H e c o u l d h a v e r e m a in e d a c o ll e g e p r o fe s s o r t h r o u g h
in g w e a k n e ss o f e y e s ig h t a n d
la w w it h u lt e r io r
T w o y e a r s ’ e x p e r i e n c e in t h e m in e s
th e
h is
m e r c h a n t, c e r ta in ly , b u t h e
w h ic h w as o b v io u s ly in s e r te d in th e
W e th in k
to
e n g a g e d [in
M r. H e w itt w as a
s im u lt a n e o u s ly , b y t o o
s p e e d ily
of
i n g c o l l e g e p r o f e s s o r s a n d t e a c h e r s e s p e c ia lly , a n d a ls o
en ter th e
can
head
as
s a id
e x a m p le o f
I t is t h e h a b it o f
P e n n s y lv a n ia is a h a r s h a n d u n w a r r a n t e d f u r t h e r c o n
p e a le d
fro m
d is tin c
T h e m e n , u n le s s fu lly c o m p e t e n t ,
y e a rs’ e m p lo y m e n t
th e
m ost
e m in e n c e in m a n y r e s p e c t s , m ig h t b e e x p r e s s e d b y s a y .
d itio n f o r w h ic h th e r e ca n b e n o e x c u s e w h a te v e r , a n d
s y lv a n ia m in e s
passed
w hose
a c la s s o f m e n w h o m t h e y c a l l c lo s e t t h e o r is t s — m e a n
n e c e s s a r y a n d is a s f a r
o f O h io , o r
t h o s e w h o s u ffe r fr o m
p r o t e c t t h e m s e lv e s t o th e fu lle s t
in g ly o f
to
w a n ts.
th e re
e n d a n g e r t h o s e o f o t h e r m in e r s w h o
p u r p o s e s in v ie w .
th e
la b o r
no
m a y b e e m p lo y e d w it h t h e m .
tw o
T h is
To
s h o u ld n e it h e r b e a llo w e d
r e q u is it e o f
have
co m p eten cy
a llo w e d
a n d lim b s n o r t o
d is p u te
s h o u ld n o t be
e ith e r
M in e
t r u s t is t h e g r e a t e s t t r u s t o f w h i c h t h e r e i s a n y r e c o r d
in h is t o r y , a n d w h y s h o u ld n o t
in d i
p rop er reg a rd fo r
m a n u fa c tu r in g
of
o b je c tio n w h a tev er.
s h o u ld
w ho
a n th r a c ite ,
th e U n ite d
its P r e s id e n t , J o h n M it c h e ll.
D u r in g
W e th in k th a t
a
of
to
th e
v id u a l.
th e
b eh ests
W e r e fe r
p rev en ts
o p era tors
fro m
P r a c tic a l P e te r C o o p e r
and
d o u b te d
so
to
fr ie n d
he
en ter
h is
H e w itt th ere
h is s u it a b ilit y
w as
tu rn ed
in to
g o i n g i n t o f o r e i g n m in e s a n d g e t t i n g c o m p e t e n t h e l p ,
b u s in e s s b y s u c h a c o in c id e n c e o f c ir c u m s t a n c e as d e
s h o u ld b e
c id e s th e d ir e c t io n o f m a n y a
r e p e a le d .
As
M r . F o w le r w e ll
sa ys, th e re
a r e e x p e r i e n c e d m in e r s in W a le s a n d G e r m a n y a n d in
o th e r p a rts o f th e w o rld .
m ake
very
d e s ir a b le
a r g u m e n t 'i n
fa v o r
Som e
and
of
d o in g
n o w th a t th e r e s tr ic tio n o n
has been rem oved .
o f th ese, to o ,
h i g h c la s s
th is
th e
w o u ld
c it iz e n s .
The
is a ll t h e s t r o n g e r
im p o r ta tio n
of
coal
I f t h e r e is t o b o a f r e e 'm a r k e t f o r
c o a l, w h y n o t a ls o a fr e e m a r k e t f o r la b o r ?
it m a y b e e x p e c t e d , w ill o b je c t to s u c h
life .
B u t h e r e m a in e d
a s c h o la r th r o u g h o u t .
T h is t r ib u te t o
verted
fro m
its
M r. H e w itt’s
pu rpose
S u ffic e it t h a t h e w a s
if w e
m e m o ry w o u ld b e d i
in d u lg e d
in d e t a ils .
e m in e n t ly f r u it f u l a n d s u c c e s s
fu l as a n ir o n m a s te r , as a la r g e e m p lo y e r o f la b o r ,
in
w h ic h c a p a c it y h e w a s a b le t o s a y t h a t h e n e v e r h a d a
T h e m in e r s ,
s t r ik e , a n d in s c ie n t i f ic r e s e a r c h , b e a r in g in t h is n o m e a n
cou rse, b u t
p o s it io n . H is c a r e e r c o n fu t e s n o t o n ly t h e n o t io n a lr e a d y
a
is i t n o t o b v i o u s l y d e s ir a b le in t h e i n t e r e s t o f u s e r s o f
r e fe r r e d
c o a l— th e g e n e ra l p u b lic ?
p la c e o r w e ig h t in p r a c t ic a l a ffa ir s , b u t a ls o t h e o t h e r
I t h a s b e e n m a n y tim e s c h a r g e d o f la t e th a t a n t h r a
c it e m in in g w a s in
th e h a n d s o f
v e lo p m e n ts
p retty
have
a lle g a tio n , a n d
c o m p a n ie s
tru st
c o u ld
w hQ
be
have
had
a tru st.
e ffe c t u a lly
R ecen t
d is p r o v e d
to , th a t c lo s e t
n o t io n (p e r h a p s e n t e r t a in e d
is u s e l e s s i n b u s i n e s s a n d i s w a s t e d t h e r e .
th e
s o w it h t h is m a n .
a ls o
been
p r a c t ic a l
depended
upon
to
w it h
deal
by som e) th a t
de
sh ow n , m ore o v e r, th a t th e coa l
ch arged
t h e o r is t s o r s c h o la r s h a v e
b e in g
tb e
fa ir ly
and
s q u a r e ly w it h th e p u b lic , w h ile t h e in d e p e n d e n t o p e r
a
fa r -s ig h te d
accou n t
no
e d u c a tio n
I t w as n o t
H e w as a s u c c e s s fu l m e r c h a n t, b u t
p r o d u c e r , tu r n in g
and
c o n t r ib u tin g
h is
s tu d ie s to
s t e a d ily t o
lin e s a n d p r o c e s s e s o f in d u s t r ia l d e v e lo p m e n t .
new
,
H e s e r v e d te n y e a r s in t h e L o w e r H o u s e o f C o n g r e s s
a t o r s , m a d e u p o f p r iv a t e fir m s a n d i n d i v id u a l s ,
w ere
a n d o n e te r m as M a y o r o f N e w
u tte r ly w ith o u t
g a in
C o n g r e s s w a s a t a t im e w h e n w r o n g n o t i o n s o f fin a n c e
c o n s c ie n c e
and
e v e r y a d v a n t a g e p o s s ib le o u t o f
T h ere
is , t h o u g h , as
we
have
d e te r m in e d t o
t h e e x is t in g s c a r c it y .
a lr e a d y
sh ow n , a real
a n d e c o n o m y w ere
la r g e ly
Y ork .
d o m in a n t,
H is s e r v ic e in
and
th e r e fo r e
h is w o r k w a s la r g e ly c r i t i c a l ; h e d i d n o t a t t a in p o s it io n
THE
January 24, 1903.]
CHkONIOLE.
aa leader, although he did useful service in mauy
ways, as in connection with establishing the United
States geological survey. But he lacked the personal
qualities of the politician. With insincerity and in
directness and aDy putting of party means above pub
lic ends, he had small patience. He usually saw in
tuitively what he believed the right goal, in public as
well as private affairs; and not to bear towards the
right thing, when that thing was plainly to be per
ceived, was something he could little understand or
excuse. His term as Mayor was notably honest and
business like. His almost contemptuous Indifference
to the considerations which move the mere politician
was shown when he bluntly refused to allow the green
flag to fly above the City Hall as customary, on the
good ground that only the flag of the United States
or of the State could appropriately be used there. He
also had a biting incisiveness of speech which some
times gave unintended offense. When the suggestion
was made, some years ago, that the seignorage on the
silver dollars should be coined into more silver dollars,
he impaled the suggestion by the caustic comment
that this was like a proposition to coin a vacuum. It
was wit, and it had the truth which underlies all
genuine wit.
Mr. Hewitt was legally a resident of New Jersey,
yet he was a citizen of New York throughout. His
association with Peter Cooper was personal as well as
in business, for he married into the family. This
brought him intogclose relations with Cooper Union,
and he was the guiding spirit of that noble Institution
down to his last illness. He was a member of many
clubs, though not active in them; of several scientific
societies, and quite active in one or two; a director in
many corporations and effective in several; and so
closely identified with public charities and useful
works that to touch upon those would lead to a long
story.
He was a man of intense life and manifold work,
always interesting and always large in spirit. His
optimism was of that strong kind which rests on
foundations. He looked forward rather than back.
He had unwavering faith in the future of the
country and of this city, and it is not extravagant to
say that he was the First Citizen of New York. He
was of a class of men who could not possibly be too
numerous and are always, unhappily, few.
R A IL R O A D
N E T E A R N IN G S F O R
NO VEM BER.
As in the months preceding, our compilation of the
gross and net earnings of United States railroads for No
vember is chiefly noteworthy for the emphasis it gives to
the important part played by increasing expenses in the
affairs of the roads. There is no fault to be found with
the course of gross receipts—these continue to improve
as in the past. For the month the gain in gross reaches
$6,606,446, and this merely on the roads reporting,
which by no means comprise the entire railroad sys
tem of the country. It should be remembered, too,
that the month in 1902 had one less working day, it
having contained five Sundays against but four in
1901. This makes the large gain shown the more
noteworthy. When we turn to the net earnings, how
ever, the story is an entirely different one. With
$6,606,446 improvement in gross, expenses were aug
mented in amount of $7,448,176, thus producing an
179
actual lossin net to the extent of nearly a million dol
lars—$941,729.
What gives additional significance to this result—
an exact duplicate of that of the month preceding—
is that the loss in net occurred notwithstanding a
larger grain movement, so that the roads already had
some of the advantages of the abundant harvests of
1902, which those who argue against the necessity of
higher freight rates tell us will act to offset the in
creased cost of labor, fuel, materials, supplies, &c.
Then, also, the fact should not be overlooked that the
recent advances in wages counted onlyjin small part
in the month of November. The advance on the
Pennsylvania was made to date back to November 1.
On most roads, however, the higher schedules of
pay did not become effective until towards the close
of December or the beginning of January. Larger
expenses, it must hence be assumed, will become a
still more prominent feature in fature months.
November
(108 road*.)
1902.
1901.
January 1 to Nov. 80.
(103 roads.)
Inc. or Dec.
1902.
1901.
Inc. or Dec.
t
t
%
1
t
*
Gross earn’s 100,144,534 99 638,088 +0,603,440 1058436182 1C02155439 +60.279743
Oper. e x p ... 70,093,358 02,045,184 +7,443,176 715,008.870 657,642,771 +57,525000
Net earn’s 80,061,175 80,992,904
—941,728 343,500,800 344,612,068 —1,246,803
In the case of the separate roads the increases in
expenses during November are in many instances
very marked, illustrating in an emphatic way the pre
vailing tendency. Thus the Pennsylvania, with $785,100 gain in gross (combined Eastern and Western
lines), has $1,086,200 decrease in net; the Southern
Pacific, with $478,029 increase in gross, has $465,409
decrease in net; the Union Pacific, with $306,930 ad
dition to gross, has $79,621 loss in net; the Southern
Railway, while having enlarged gross by $207,268,
has sustained a reduction of $83,428 in net; the
St. Louis & San Fxancisco (including this time the
Chicago & Eastern Illinois) has fallen $220,403 be
hind in net, though having bettered its gross by $138,940. And so we might go through the list, citing
almost innumerable similar instances. The following
list of changes in gross and net earnings on the separ
ate roads, comprising all gains or losses in excess of
$30,000, serves to indicate the situation in this regard
in a graphic way. It will be noticed that while there
is not a single system or company distinguished for a
loss in gross earnings in that sum, the losses in net
for the amount named, or over, are almost as numerous
as the gains.
PRINCIPAL C H A N G E S IN GROSS
In cre a se *.
Penney!. SyB. (2 r’de)t
Erie............................
Southern Pao. 8yetem.
Canadian Paolllo........
Union Paoiflo..............
Gr.Trunh 8ye.(3r'de).
Illinois Central...........
Louisville A Nashville
Phil. A Reading RR.J.
Central of New Jersey
Ohio. Mil. A 8t. Paul..
Atch. Top. A Santa Fe.
Southern Railway__
Mo. Paoiflo A Iron Mt.
Norfolk A Western__
Baltimore & Ohio......
Bt. L. A. San F (2 r’de)§
Atlantic Coast Line...
N. Y. Ont. A Western..
Nash. Chat. & St. L ...
Seaboard Air Line__
$785,100
494,915
478,029
392,686
305,930
261,817
256,016
248,856
246,857
217,648
213,642
208,613
207,268
203,723
181,056
149,754
138,940
111,234
110,841
92,054
90,095
E A R N IN G S IN
NOVEMBER.
In creases.
Clev. Oin. Ohio. A St. L.
$83,751
Wabash......................
75,427
Buff. Rooh. & Pitts....
71,704
Chesapeake & Ohio...
71,190
Kan. City Southern...
68,752
Wisoonsln Central__
66,959
Wheeling & Lake Erie
59,999
Mo.Kans. & Texas...
55,562
Pere Marquette.........
53,651
Phil. Balt. A Wash....
53,600
Minn. St. P. &8.8t. M.
47,298
Central of Georgia__
40,526
Ga. South. & Fla.......
40,380
Colorado A Southern.
34,248
Northern Central......
33,200
Gulf A Ship Island....
32,829
Long Island....................
32,694
Total (representing
42 roads).............. $6,316,844
t Covers lines dlreotly operated east and west of Pittsburg ana a.™ .
The gross on Eastern lines (lnoluding Buffalo A Allegheny Valley
Division) lnoreased $691,500 and the gross on Western lines in
creased $93,600.
IThese figures are for the Railroad Company; the Coal A Iron Com
pany reports a decrease of $689,827.
§ lnoluding Ohioago A East Illinois.
THE
180
CHRONICLE
PRINCIPAL CHANGES IN N E T EARNINGS IN N O V G H B E R .
Increases.
E r ie ...................................
C en t, o f N ew J e r s e y ..
C an ad ia n P a c i f i c ........
P lilla. & R e a d in g RRJ
M o. P ao. & Iron M '. . .
C hlo. M il. & St. P a u l..
L o u is v ille <fe N a s h v ille
N. Y . O nt <te W e ste rn .
I llin o is C e n tra l.............
P ere M a rq u e tte ...........
L eh ig h V a lle y " .............
W is co n sin C e n t r a l___
G r. T ru n k 8 y s ( 3 r ’ ds)
C hlo. G r e a t W e s te r n ..
$ 3 4 1 ,5 4 0
12 0 ,3 2 3
1 1 7 ,3 6 3
1 1 6 .7 1 5
1 0 7 ,7 7 5
97 ,9 8 8
9 4 ,6 5 4
83 .8 8 0
81 .9 7 1
6 4 ,2 8 4
4 9 ,4 0 2
4 4 ,0 "5
4 2 .8 2 4
4 2 ,1 9 2
I f vt r “ o
P en n syl. Bys. (2 r’ d s)t $ 1 ,0 8 6 ,2 0 0
S ou th ern P a c ific ..........
4 6 5 ,4 0 9
8t.L . & San F r. (2 r ’ ds)
2 2 0 .4 0 6
S ou th ern R a i l w a y ___
8 3 ,4 2 8
N o rth e rn C e n t r a l........
8 0 ,B0 0
U n ion P a c ific ..............
7 9 ,5 2 1
St. L o u is S o u t h w e s t...
5 4 ,3 9 5
W a b a s h ............................
48 ,5 9 2
P h il. B a lt. & W a s h ....
4 7 ,8 0 0
H o c k in g V a l l e y ............
4 2 ,8 5 2
San A n t o n .& A r P a ss..
3 4 ,8 3 3
M in n . & St. L o u is ........
3 2 ,3 2 4
T o ta l (re p re s e n tin g
1 4 r o a d s )................. $ 2 ,2 7 6 ,5 6 0
T o ta l (r e p r e s e n tin g
16 r o a d s )................ * 1 ,4 0 4 9 8 6
t On th e P e n n s y lv a n ia R a ilr o a d th e n e t o n E a s te r n lin e s (in c lu d
in g B u ffalo & A lle g h e n y V a lle y D iv is io n ) d e cr e a s e d $ 6 7 1 ,60C and
t h e n e t on W e ste rn lin e s d e cre a s e d * 4 1 4 ,6 0 0
* D o e s n o t in c lu d e r e su lts f o r L e h ig h V a lle y Goal C o m p a n y , w h ich
la t te r sh ow s $ 1 4 4 ,6 0 5 In crea se.
) T h ese fig u res are f o r th e R a ilr o a d C o m p a n y ; th e C o a l A I r o n C om
p a n y r e p o r t s a n In cre a se o f $ 9 5 ,6 6 6 .
[V o l. L X X V I.
MR. FISH AND RAILROAD RATES.
We have received the following communication
from Chairman McCully of the Missouri Rulroad
and Warehouse Commissson, commenting upon the
letter of President Stuyvesant Fish which appeared in
our issue of January 3. It seems to us that Mr. McCully in his arguments does not take cognizance of
certain important factors that enter into a consid
eration of the question. We print the letter, however,
without comment to-day, though it may not be out
of place to refer Mr. McCully to our compilation of
net earnings for November, given in the preceding
column, showing $941,729 loss in net earniDgs with
$6,506,446 increase in gross, notwithstanding that on
most roads the recent advances in wages had not yet
gone into effect.
When the roads are arranged in groups, the result
State of Missouri,
Railroad and Warehouse Department,
is the game. Not a singli group records smaller gross
City of Jefferson, January 13, 1903.
than in the previous year; on the other hand four of
W M . E M cC U L L Y , C h a ir m a n , )
the eight groups show smaller net. Even in the case J O E P R IC E ,
> C om m issio n e rs .
HN A. KNOTT.
>
of the four groups that have improved net, the im JO
T. M. B R A D B U R Y , SECRETARY.
provement is in no case large, and one of the four Editor N. Y. C o m m e r c i a l a n d F i n a n c i a l C h r o r i c l e ,
groups is the anthracite coal group, where shipments
New York City, N. Y.
of anthracite are now as large as it is possible to make
S i r I beg to acknowledge receipt of yours of 3rd inst,,
containing the very able letter of President Fish on the
them.
gravity of the situation to day existing in railway circles
relative to the demand for, and lack of, equipment, its causes,
Net Earnings.
Gross Earnings.
and the remedy.
SICTION OB
Gro u p.
This letter is one of the ablest ever brought to the atten
1901.
1901.
1902.
Inc. or Dee.
1902.
tion
of the writer on the situation, and the conditions de
P. C
1
1
I
November.
1
t
—723.705 76S scribed by him are certainly applicable to practically every
Trunk lines.(10 29,403,821 27,510,6r£ 8,701,140 9,424,846
7,649,762 3,246.050 2,893,544
+850.506 12 10
Anthra. coal (6) 8,107,39
railway throughout the nation.
1,003,033 1,153 080
—150,647 130 4
3,259,0‘ f
E a s t.* M id.(16) 3.480,472
I eon'ess to a degree of embarrassment in presuming to
2 347,00- 2,172,952
+174.959 8-C5
Mid. W est’n .d "' 7,716.783 7,248,272
2,741,152 2.609 020
+132,132 5-00 take issue with the expressions of a man of the high, wellNorthwest’n(U ) 7,265.674 6,913,89+42,663
1-14
North Pacific (8) 8,766,416 8,062, 111 3 70O,61f 8,747,633
known and, I might say, merited reputation as Mr. Fish, but
Southwestern A
—747,233
7-00
candor and the strength of my own convictions must be my
9,010/85
9.757,803
26.489,360
24,329,99:
South Pao.i20)
—20,591 039
5,210,741 6,231,332
Southern ...i2e 16,921,617 14,750,281
only apology.
—941,729 2-64
Total (I07r‘ds) 106,144.531 20,838.08? 80,051,175 36,99 -\S04
I agree with him in that the Inter-State Commerce Com
867,209
916,350
+49,141
E"66 mission has been quite active dnriDg the past few years, but
M exican........ (8) 3,294,290 2.633,785
Ja n .l to Nov. 80
is it not trne that their efforts have been devoted largely to
3-05
Trunk lines.(10) 3i2,ees,oi4 390.618,982 98 9'2.136 05.U3.O66 +3,759,070
tte
maintenance of stable rates and guarding the public from
Anthr. coal.. (5) 65.736,140 76.94 2,051- 16,231,339 25,677,80: -10,346.526 40-45
—16 137 0 12 gross discriminations rather than an effort to created general
East. & Mid.(16) 33,760,25s 36,811,288 18.788,09s 12,804.835
1-92 decrease in the existing tariffs?
+447,449
Mid. W est’n.(lfi) 8),141.050 74,477,254 23,677.461 33,2x0,012
Northwest’n (11 71.723,701 67,199,29.- 25,187,107 23,122,277 +2,014,880 S-71
This I am sure is trne as touching their inquiries in the
North Paciflc(8) 81,683,£11 73.155,039 83,796,203 31,221,608 +3,674,695 825
Mississippi Valley and points tributary to the Missouri River.
Southwest. A
3 40
South Pac.110) 249,368,637 239,643,-09 84,582,698 87,581,100 -2,978,402
May we not safely assume as erroneous conclusions that are
7-18
S outhern.... (26 158,489,074 144,307,807 49.241,164 45,942,006 +8,299,156
derived from a comparison of two extremes? And yet Presi
144,612,669
—1,245,863
343,393,806
0-36
Total (104 r’ds) 105S435182 1012165439
dent Fish is certainly guilty of this when he compares con
M ex ica n ...... (3) 38,250,269 88,226,815 10,517,898 8,734,270 +1,733,61 19 74
ditions of 1893 with those of 1903.
I do not attempt to deny but that the conditions prevailing
We annex the following table in our usual form,
now, as described by him, are largely trne. Practically every
glviBg the aggregates for previous years—both for item of expense in the operation of onr railways has ad
November and from January 1.
vanced, and this, in a large measure, is true of every other
industry in the country. Bat at the same time is it not also
Grots Earnings.
Net Earnings.
trne that this increased expense is offset by the vast increase
Fear A
No. of
Increase or
Year
Year
Year
Year
Increase or of business offered the railroads, as well as the fact that the
roads.
Given.
Given.
Preceding. Decrease.
Preceding. Decrease.
present equipment enables them to handle a given tonnage
Nov.
*
t
$
*
$
t
with such facilities, and at a cost “ per ton” never attained
00,487,286 -6,157,308 19,803,672 21,612,740 -1,800.068
’93(120
56,829,968
before in the history of the nation ?
68,604,702 —1,885,006 20,329,318 20,849,227
’94(141
67,279,697
—510 909
The order of the day prevailing throughout 'the Middle
’96(132)
69,929,665
55,190,906 +4,788/79 28,487,423 19,686,702 +2,900,721
*96(127)
55,297.017
61,137,081 —6,839,164 18,658,22- 82,275,149 -3,421,021 West during the past two or three years has been “ reduce
61,878.481 +10,837,200 27,505.524 21,737,861 +5,827.673
’97(134)
72,815,081
straighten your curves; strengthen your
’98(130)
79,080,054
70 013,017 +2,470,087 28,954,044 28,588.158
+421,486 your grades;
’99(122)
73,062,897
66,872,002 +7,100.395 27 4C6.348 24,882,030 +2,614,307 bridges, and get busy.”
*00(122)
91,0 8,048
87,721,616 +3,349.08* 83,744,105 83,164,561
+589.614
The day of the 60-ton locomotive and the 10-ton box car
85,618,077 +12.150,951 40,629,133 36.200,311 -t-5.42S.822
*01(109) 107,769,028
*02(107) 106,144,634
89,638,088 +6,606,446 80,051,175 26.992,904
-941,729 has passed. The capacity of the former has been increased
many fold, while the new box car equipment reaches often
Jan. 1 to Nov. 30.
*98(110) 6 0 9 .ll.3 i6 624.611,550 -14,900,194 194,551,0631202 480,057 - 7 928,994 as high as 80,000 to 100,000 ponnds capacity. A vast improve
*94(138) 642,834,145 620,' 28.566 —77,284,421 107,429.357 193,990,306 —29.506,949
*05(121) 560.046.371 530,480,289 +80.557 08* 1-8,807,601 165,320,00s +18,680,893 ment in this direction has been made by the railways during
+926,7 7« 174,431,961 178.372,07* —3,940.121 the past few years, the result of which is to enable any crew
*96(117) 504.695,964 663.769,100
*97(128) 633,664.588 697,98s,364 +35,576,184 210,782.490 187.835,8:6 +22,946,674 to handle a train the tonnage of which is greatly in excess of
*08(120; 736,547,00 - 083.262.7i6 +62,295.10* 241.191,862 222,730,880 +18,452.616
*09(113, 681,4 60,535 018,793,659 +61,266.8 r 236,655,87 *00.7 *3.244 +26,032.129 the old methods. Add to this decreased cost “ per ton” to
*00(122) 877,119,270 798,666.253 +78.463,01; -90,580,268 278 040,379 +23,479,834 transport the vast increase of business, and are we not justi
*01( 69, 994,23.,040 893.007,951 +101 8 b086 360,833,606 302,501.850 +48,831,956
fied in the assertion that the increased cost of materials, etc.,
'02il04) 1,058,43 ,182 1,002,155, *79 +66,279,748 *43,360,806 344,612,669 —1,245,863
is promptly and effectively offset ?
N o t e .—W e n o lo n g e r In clu d e th e M e x ic a n r o a d s o r th e c o a l m in in g
Again, the business stagnation of the entire country from
o p e r a tio n s o f th e a n th ra cite c o a l r o a d s in o a r to ta ls . F ig u re s f o r
1893
to 1897 compelled the most rigid ecomomy. This was
p r e v io u s y e a r s h a v e b e e n r e v is e d In a c c o r d a n c e w ith th is ch a n g e .
SUMMARY BY GROUPS.
J anuary 24, 19 03.]
THE CHRONICLE.
181
France tnere was an utter lack of confidence and a
vast accumulation of unemployed money.
Very soon, however, the pessimist feeling here in London
changed to cne of hopefulness. It came to be understood
that the Boers still in the field were utterly exhausted, and
that they could not hold out very much longer. The belief
was strengthened when the Prime Minister of Holland en
deavored to mediate between this country and the Boers.
Consequently, early in the year there began again active
buying of consols and of Fouth African gold shares. The
first buying was undoubtedly from the Ccntinent and appar
ently 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. Con
sols rose almost to 98 and some of the favorite South Afri
can gold shares went higher than theyhad been even during
the boom of 1895.
Immediately after the settlement of peace selling on an
enormous scale set in and continued for the following six
months, and prices in all cases were sent lower than they
had been at the beginning of the year. At one time consols
dropped almost to 92 and the fall in gold shares ranged from
20 to 50 percent. There was unquestionably a large bull
account in this country both in consols and in gold shares,
but had that been the only influence acting upon the mar
ket it would have been easily settled without any sensa
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 confidence 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 Associa
tion’s law. Religious feeling was greatly excited, deposits
were withdrawn from the savings banks and the monks
were preaching warmly against the Government. Conse
quently a good deal of uneasiness developed, apprehensions
of political disturbances sprang up and money began to be
hoarded. As a result of this the leading French banks
withdrew a large proportion of the balances they had
hitherto been employing in London, and French operators
sold consols, gold shares and other securities almost reck
lessly. 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. There was
some apprehension of the same kind in this country, but it
was neither so acute nor so unreasonable as upon the Conti
nent. 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
BUSINESS IN ENGLAND IN 1902.
the resignation of the Sagasta Ministry. French capitalists
[P om m unloated b y ou r L on d on C orrespondent. ]
had bought Spanish securities on an immense scale, believing
that a serious effort was about to be made to improve the
J an u ary 10 1903.
The year 1902 opened In gloom. The South African Spanish exchange. In fact, negotiations were opened be
tween the Minister of Finance, the Bank of Spain and the
war was still in progress and people saw for the mo
other leading banks and railway companies for the purpose
ment no indication of an early ending. Consequently, of raising and steadying exchange. But the negotiations
the Government, it was foreseen, would be forced to failed, and there was a drop in Spanish securities which
Issue another large loan, and that would make money added to the losses of Paris.
The pessimist feeling prevailing all over the Continent
both scarce and dear. Moreover, on the Continent
added
greatly to the difficulties here, and accounted to a
fierce hostility to this country was everywhere manigreat extent for the heavy fall in securities that went on
fiested. And there was deep disappointment through until the end of November. In December there was another
out all classes of the community at the break-down cf change of feeling, and quotations gradually and steadily
our military system.
advanced, so that the year ended with a more hopeful feel
Abroad matters did not look very much more ing than had prevaile d since peace was arranged. The re
pleasant except in the United States. In India famine covery here was accompanied by a recovery all over the
continued. In Australia the long drought was in Continent and nearly everywhere in Europe. Therefore the
year closed with a generally better feeling.
flicting severe loss upon New South Wales and Queens
As the war came to an end in May, the Government bor
land. China was exhausted after the Boxer move rowings have been decidedly less than seemed likely when
ment. And moBt of the foreign customers of this the year began. Whereas for example in 1901 the Govern
country were buying less from us than for some years ment had to issue new consols to the amount of 60 millions
before. On the Continent Germany was passing sterling, in the year just terminated they added to the
consols outstanding only 32 millions : terling. On the other
through a grave crisis. The condition of things in
hand, the issue of Treasury bills has been larger than any
Russia was even more depressing. Austria-Hungary body anticipated. Until last year the Government, when
was torn asunder by Internal dissensions. And in the taxes did not come in promptly euough for its require
quickly felt by the large railway corporation?, evidenced
alike by our own observation and their decreased earnings.
The ratio of new equipment was not only materially less
ened, bnt in the majority of instances the general physical
condition of equipment dropped below par under the de
mand for economy in the operating expenses. In this com
paratively depleted condition the reaction found cur railways.
The tide turned. Providence again smilled upon us as a
nation, blessing our land with several bountiful harvests In
succession. Conditions abroad were such as created de
mands for practically everything we produced, until, in fact,
the eyes of the world appeared turned towards America. Add
to this the opening of new territory in our own country, and
the consequent rush of our large railway systems to occupy
and cover it, car shops were deluged with orders, in many
instances beyond their capacities to furnish for years to come
(as described by Mr. Fish), thus forcing the railways to com
pel an equipment originally intended for a thousand miles
of track to do service for 1,500 miles. This being true, what
else could we reasonably expect other than the situation that
prevails to-day ?
I am glad to recognize the rare executive ability, possessed
in a marked decree, by a majority of the men who manage
and control the affairs of our large railway systems to-day.
A brighter, brainier lot is not found elsewhere, and this dec
laration is verified by the Pennsylvania and B. & O. systems
adding vast sums to their capital, “ getting ready ” for what
they realized was coming. It is also further attested by the
wise forethought of President Fish himself in adding fortytwo and a half millions of money to the working capital of
the I. C. Where would these lines be to-day but for the wis
dom and sagacity exhibited by their managers ? But as to
the remedy : I certainly take issue with Mr. Fish. Nothing
short of an omnipotent power can afford speedy relief. Legis
lation is not essential, save to secure the'maintenance of uni
form and stable tariffs. Competition and a prevailing spirit
of American aggressiveness will nerve our railroads to move
every ton of freight within their power, while to further ad
vance rates would prove prohibitive to the agriculturalist re
mote from market to such an extent as to deprive him of the
fruits of his labors and also prove unwarrantedly detrimental
to the interests of our “ Middle West,” who are feeding the
world.
Assuredly a plea for an increase of rates would more aptly
apply during a season of depression than now, while our
railways with all their increased facilities are having more
business than they can handle, and earning dividends in ex
cess of their fondest ambition.
Very respectfully,
Wa. E. McCully, Chairman.
182
THE CHRONICLE,
ments, borrowed from the Bank of England on what are
called Deficiency bills. During the war. however, this system
told adversely upon the London money market. The Bank,
having to finance the Government, was not able to retain
control of the outside market, and frequently, therefore,
inconvenience was occasioned. Under our taxation system
a much larger proportion of the revenue is collected 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 usually short of money during the first
nine months of the financial year, and during those nine
months it has frequently to borrow from the Bank of Eng
land on Deficiency bills.
A few months ago the Chancellor of the Exchequer recog
nized 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 addi
tional 15 millions sterling by the issue of Treasury bills,
and of the amount authorized he has actually floated about
half. He has also borrowed for other purposes in Treasury
bills; the result being that Treasury bills to the aggregate
of
millions sterling are now outstanding.
Large borrowings by the Government prevented money
from becoming plentiful in the open market, yet the rates
of interest and discount were somewhat lower in 1902 than
they had been in 1901, and they were decidedly lower than
they had been in 1900. One reason for this is that the Gov
ernment borrowings were less last year than they were 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 Con
tinental 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
crsis in Germany, they have greatly increased the amounts
of money they have been employing in London, until, ac
cording to the best estimates that can be formed, in the
summer of the year just ended there was French money
employed here of between 30 and 40 millions sterling. Of
course there was a good deal more French money invested
by private capitalists in consols, Treasury bills, gold shares,
and the like, but the 30 or 40 millions sterling spoken of
were chiefly surplus balances held by bankers and invested
temporarily either in sterling bills or in Government secur
ities, or employed in carrying over securities upon the Stock
Exchange. In addition to this amount, a good deal of Con
tinental money, and more particularly of French money,
was employed here in American bills backed by good collat
erals.
Towards the end of August and the beginning of Septem
ber, however, when the enforcement of the Associations law
caused much anxiety in France, and led to heavy with
drawals 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 August last. On the
other hand, as apprehension extended in France, a great
many French capitalists sent money over here to be invested
safely. They have not cared to invest in any of the neigh
boring 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 in
vesting here very freely in Colonial securities of all kinds,
and very largely in Crown Colony securities; also in con
sols, In gold shares, and so on. And the tendency at present
seems to be to increase French investments in London.
Owing to the withdrawals of French bankers’ balances,
the rates of interest and discount have been higher in Lon
don during the second half of the year than they were in
the first half. But they have been prevented from becoming
seriously high partly by the large Continental investments
[V o l .
LXXVI.
just referred to and partly by the absence of gold with
drawals for the United States. Money, indeed, would prob
ably have been even cheaper than it was were it not that
there was a drain of gold unexpectedly heavy both to Egypt
and to Argentina. Egypt has been doing a very good trade.
Argentina has exceedingly 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
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 January of 1902
put down its rate to 3^ 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, has been exceedingly depressed
throughout the year. There has been an utter lack of en
terprise, a complete unwillingness to enter into new risks,
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's 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 Com
pany of New York opened a branch in London for the pur
pose of'doing an exchange business with the Philippines.
The National Bank of the South African Republic became
the National Bank of South Africa. An agricultural bank
of Egypt was formed with a capital of 2% 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 institu
tions is making such rapid headway that in a very short
time it seems certain that the smaller banks will all have
disappeared, and that there will be then a moderate num
ber 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 commun
ity that there is hardly room for a new undertaking, and
certainly there would be very little chance of success with
out an immense capital—so immense as to make it improb
able that the earnings would compensate for the risks.
Furthermore, it has long been clear that the day of private
banks was over. Since the private banks hold no public
meetings and publish no detailed accounts, nobody knows
what their real standing is, and therefore business tends to
go more and more from the private to the joint-stock
banks. More lately, as the private banks have in large
measure disappeared, the smaller joint-stock banks con
sider it advisable to amalgamate with the larger, either be
cause, being situated in the interior, they find it convenient
to have their head offices in London, or because the com
petition 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 no
ticing. When Sir Robert Peel reorganized English banking
in 1844, and 1845, he allowed several banks to continue to
issue, as they previously had done, what is called an
“ authorized issue,” that is to say, they had acquired the
right by long custom to issue notes without holding gold as
a security against them. And he continued the permission
to do so provided they did not exceed the average circula
tion of a couple of years immediately preceding the legisla
tion. 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
J anuary 2 4 , 1 9 0 3 .]
THE CHRONICLE
thus disappearing. Since this legislation took place, the
Bank of England has increased its authorized or fiduciarycirculation nine times. It now amounts to £18,175,000, the
Bank during the year just ended having increased its
authorized circulation by £400,000.
The silver market has been much agitated during the
the year. The first 2% months’ quotations were fairly
steady, for there was a good demand both for India and the
Straits Settlements. 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 in
demnity imposed on her by the Powers on a gold basis. To
do so, she had to sell silver largely to India and other coun
tries, the result being that the price, which, at the beginning
of January was over 26d. per ounce, went below 24d. per
ounce in April and May. Then there was some recovery,
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 years 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 as India, Japan and Siam had
already done. The heavy fall in silver continued until
November, when there was a slight recovery. The highest
price of the year in London was 26 3-16d. in January and
the lowest 21 ll-16d. in November. The total imports of
silver into the United Kingdom during the year were £9,764,296, or £ 1,737,3S2 less than the preceding year. The total ex
ports 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 £1,443,823 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 Australia.
Trade during the year has been fairly satisfactory, as is
proved by the revenue, the railway, the Clearing House
and the Board of Trade returns. The revenue for the nine
months ended with December amounted to a little over 94%
millions sterling, which is just about what the Chancellor
of the Exchequer estimated it would be in April last. It
was then thought that the Chancellor’s 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, however, 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 £47,699,000, 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 railway traffics had grown year after year, this
is a very satisfactory showing. The total clearings through
the London Clearing House amounted to£10,028,742,000,being
£467,573,000 in excess of the clearings of 1901, which hither
to 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 on consols’ 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 Stook Exchange set
tling days. The remainder of the increase took place in
trade proper. According to the Board of Trade returns for De
cember, the total imports amounted in value to £528,860,2S4,
being £6,870,086 in excess of those of the preceding year, or
1-3 per cent. The total value of the exports of British and
Irish produce was £283,539,980, being £3,517,694 in excess of
those of the preceding year, or 1*3 per cent.
It is clear, therefore, that trade, notwithstanding com
plaints, 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
183
adverse influences, whereas the foreign trade has varied
according to politics and according to the economic condi
tions 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 economic 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 long-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
turbance 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 business-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 sowing, and con
sequently the spring crop was rather belated. March was
very fine and farmers were able to push forward with their
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 mo;t un
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 year.
It is too early yet to get statistics of the production of
coal in 1902, but all the evidence available points to the con
clusion 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 de
mand for the United States. Moreover, both the United
States and Cacada purchased an immense quantity of iron
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
crisis in Germany and the abnormal increase of productive
capacity in the United States 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 ac
centuated by the coal tax imposed by Sir M. H. Beach. As
a matter of fact there has been less crmpetition 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 capac
ity for production so much during the boom period, has not
apparently competed with our industry at all more actively.
No doubt Germany exported to France a very large quan
tity of coal during the coal strike, and Germany also in
creased its exports both to Holland and to Belgium. But as
far as statistics are at present available, it would not seem
that the increase in the German exports to Belgium and
Holland has been large. Probably the explanation is that
our exports are of special kinds of coal which Germany can
not 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,
184
THE CHRONICLE
[V o l .
LXXVI.
the tendency recently has been more in an upward direc drought in New South Wales making it certain that the
tion. As the year drew to a close, moreover, hope rose like supply of merino will be small for some years to come. On
wise. Especially there were great expectations of better the other hand, cross-bred wools, especially of the coarser
times whenever the labor difficulty in South Africa is kinds, were greatly neglected for the most part of the year,
solved. That it will soon be solved is the prevailing opinion, and quotations fell to the lowest level ever recorded. Some
and when gold-mining is resumed on the scale which pre times, indeed, the coarser kinds were utterly unsalable.
vailed before the war, there are anticipations that the or Apparently the high price of merino and the exceeding
ders for machinery, for railway plant and the like will be cheapness of cross-breds led to large orders being placed for
such as will give great impetus to the coal trade at home. the latter kinds of goods. At all events, in the closing
But while, speaking broadly and generally, the demand, months of the year there was a substantial rise in all quali
both home and foreign, for coal last year was good and ties of cross-breds, and as the new year opens the prospect
promises now to be still better in the new year, there are is that there will be a further advance. The Continent is a
two directions in which coal owners rather look for a fall much larger consumer of cross-breds than this country, and
ing off. The agitation which is being conducted for econo the wool trade all over the Continent has been depressed for
mizing in railway management and improving the methods some years. In December, however, there was some recov
of working is tending to reduce the train miles run, and ery in every department of business, both in France and
therefore to decrease somewhat the railway demand for Germany, and possibly this recovery accounts to some ex
coal. Moreover, electricity is more or less displacing gas tent at all events for the marked advance in quotations for
cross-breds.
and this is diminishing the demand for coal.
In the cotton trade there was much difference of opinion
In iron and steel there has likewise been great activity
during the year, mainly because of the strong demand for in the early months of the year respecting the probable size
the United States and Canada. In the first half of the year of the American cotton crop. One party held that it would
there was an increase in the output of pig iron of about 200,- be under 9% million bales, while the other predicted that it
000 tons, and though the statistics for the second half are no^ would be over 11 million bales. The more general opinion
forthcoming as yet, it is believed that the production was not was that it would be about 10)^ million bales. Consequently,
any less. If so, the increase of output for the year was about there was some hesitation in dealing in the early months,
400,000 tons. The prices of pig iron, moreover, have remained and even though quotations were rapidly driven up in the
fairly steady throughout the year. In Scotch warrants the United States, this country did not follow very eagerly.
highest price was 58s. 4d. and the lowest 48s. 10d., which is During the first quarter, indeed, the spinning branch
nearly the same as the previous year. There was somewhat of the cotton industry was depressed so much that
more variation in the price of Cleveland warrants, but not working hours were reduced and other measures were
very much. The most strikiog feature of the year has been taken to alter the situation. During the greater part of the
the extraordinary demand for the United States. In the year, however, there were loud complaints from spinners.
first ten months of 1902 the United States imported pig iron, Towards the close the position of spinners improved, and in
rails, blooms and billets to the extent of 678,009 tons, against many cases became quite satisfactory. The weaving branch
only 47,024 tons in the previous year. Unlike in coal, the was better off. Still, in no part of the trade was there real
German competition has been exceedingly keen in iron and prosperity. Our European customers were able to buy less
steel, partly owing to the high protective duties in Germany, than usual, for all over the Continent there was great de
and the great combination among the manufacturers, and pression. The effects of drought and famine in India were
partly because of the extreme crisis through which Germany adverse to Lancashire, and so, of course, was the long-con
is passing. German iron and steel has been exported to this tinued drought in Australia. The favorable monsoon to
country as well as to the United States in immense quanti wards the end of the year improved matters in India, and
ties at much below the cost of production.
China has been recovering also throughout the year. Upon
At a recent meeting of the shareholders of an iron and the whole, then, the prospects for the industry have im
coal company the Chairman, speaking of the intensity of proved, and there is La more hopeful spirit as the new year
foreign competition, said that we were pushed hard by for opens.
In the subjoined statement we show all the changes in the
eign competition “ not because we cannot beat the foreign
ers on even terms, for we can, but because we are pitted Bank of England rate in each year from 1894 to 1902, in
against manufacturers who, by reason of large protective clusive.
B A N K O F E N G L A N D R A T E O F IN T E R E S T .
tariffs at home, are enabled to sell to our customers abroad
materially below the cost of production either in their own
Rate N um ber
R ate N um ber
country or ours—one article which we produce to the extent
per o f days.
Y ear.
Y ear.
p er o f days.
cent.
cent.
of 25,000 tons per annum our competitors in Germany have
been selling at a loss of upwards of £2 per ton.” How far
1894.
1899.
1 to F eb. 1. 3
32 days Jan. 1 to Ja n . 19 . 4
19 days
this case is typical or exceptional of course only those in the FJan.
eb. 1 to F eb. 2 2 . 2 ^
21 days Jan. 19 to F eb. 2 . 3%
14 days
J12 days Feb. 2 to J u ly 13 3
trade can say, but it is notorious that German manufactur F eb. 22 to D ec. 3 1 . 2
161 days
—
Ju ly 13 to O ct. 3. 3ie
82 days
ers have been selling on an enormous scale below cost price.
Y ear’ s a v e r a g e ___ 2-11 36 5 days O ct. 3 to O ct.
5.
2 days
O ct. 5 to N ov . 3 0 . 5
5 6 days
At the same time it is to be borne in mind that the injury to
1895.
Nov. 30 to D eo 31 . 6
31 days
o
British manufacturers is only partial. To those who have
365 days
Y e a r’s a v e ra g e ___ 3-75 365 days
not their own steel works, it is clearly an advantage to be Jan. 11896.
to Sept. 10 2
254 days
2h>
Sept.
10
to
Sept.
24
14
days
1900.
able to buy blooms and billets at the lowest possible price,
Sept. 24 to O ct. 2 2 . 3
28 days Jan. 1 to Jan. 11 . 6
11 days
and there are many works, in this country so situated. But O ct. 22 to D eo. 3 1 . 4
7 0 days Jan. 11 to Jan. 18. 5
7 days
--- ■-------- | Jan. 18 to Jan. 25 4 1®
7 days
to the works which can produce steel the competition is of
Y ea r’ s a v e r a g e ___ 2-48 366 days Jan. 25 to M a y 24 4
119 a ays
course very serious.
M ay 24 to J u n e 14 313
21 days
1897.
Ju ne 14 to J u ly 19 . 3
35 days
Orders for new ships during the year have been compara Jan. 1 to Jan. 2 1 . 4
20 days J u ly 19 to D ec. 3 1 . 4
165 days
33^
tively few and freights have fallen steadily until at the F eb. 4 to A p r. 8. 3
64 days
Y e a r ’ s a v e r a g e ___ 3 '9 6 365 d ay s
close they are said in many cases not to pay expenses. The A p r. 8 to M ay 13. 2% 35 days
1901.
M ay 13 to Sept. 23 2
133 days Jan. 1 to Jan. 3. 4
2 days
out-turn of new ships is decidedly smaller than for the two Sept. 23 to O ct. 1 4 . 2 ^ 21 days Jan. 3 to F eb. 7. 5
35 days
3
Oct.
14
to
D
ec.
3
1
.
79
days
F
eb.
7
to
F
eb.
21
.
14
days
or three years preceding, but it is large, nevertheless, con
— ------------- | F eb. 21 to J u n e 6. 4413 105 days
sidering how low freights have been and what an enormous Y e a r ’s a v e r a g e ... 2-79 365 days J u n e 6 to Ju n e 13. 3^3
7 days
140 days
J u n e l 3 t o O c t . 31 . 3
addition to the mercantile marine of the world has been
1898.
62 days
Oct. 31 to D eo. 31 . 4
3
made recently. New orders are comparatively few. Still,
A p r. 7 to M ay 26 . 4
49 days
Y ea r’ s a v e r a g e ___ 3 72 365 days
it is probable that they will increase rapidly soon. At all M a y 26 to J u n e 2. 3 ig
7 days
1902
Ju
n
e
2
to
J
u
n
e
3
0
.
3
28
days
23 days
Jan.
to Jan. 23 4
events, it is known that some of the greater fleets are to J u n e 30 to S e p t.22 . 2ia 84 days Jan. 231 to
14 days
F eb. 6 313
be increased with monster vessels.
Sept. 22 to O ct. 13. 3
21 days Feb
238 days
6 to O ct. 2 . 3
O ct. 13 to D eo. 31 . 4
79 days O ct. 2 to D eo. 3 1 . 4
90 days
At the London Colonial wool sales during 1902 the total
sales effected amounted to 1,018,906 bales. About 461,000 Y e a r ’s a v e r a g e — 3-25 365 days Y e a r’ s a v era g e___ 3-33 365 days
bales were for the United States and the Continent; the
The appended table, made up from the official state
home trade took more than half the quantity sold. All ments of the Bank of England, shows the position of
through the year the demand for merino wool was exceed- the Bank as regards bullion, reserve, etc., each week of the
ingly good and the price ruled high, the continuance of the year.
THE
£
£
£
50,4
41,1
42,0
10,5
40,8
39,1
39,4
39,6
42,0
39,1
38,8
39,5
42,9
42,1
39,9
39,0
39,4
43,4
41,1
39,7
38,1
42,6
40,4
38,4
38,7
44,3
46,7
41,6
39,7
39,4
42,5
41,2
39,0
39,3
41,4
41,6
39,2
39,7
40,4
42,7
45,4
42,0
39,2
38,8
40.0
39,3
38,2
39,5
39,3
37,6
36,7
39,9
55,3
10,4
10,4
10,3
9,5
10,7
12,3
14,1
16,8
18,0
18,5
18,9
18,9
17,1
15,1
9,4
9,3
11,0
10,4
8,0
10,2
10,7
9,9
8,9
10,9
11,0
13,0
11,5
10,5
11,4
11,7
10,8
7,1
9,6
9,7
9,2
6,9
9,1
8,8
8,3
10,0
7,5
7.3
10,6
10,6
8,4
H,6
10,7
12,9
u ,i
9.5
9,8
10,2
9,9
32,6
33,6
35,0
35,9
36,6
36,4
36,9
37,5
37,8
37,4
37,6
37,6
36,1
35,3
35,2
35,7
36,4
35,9
35,8
35,4
35,1
35,9
36,6
37,3
38,0
37,8
37,7
37,7
38,1
38,3
37,9
3H,6
36,9
37,5
37,9
37,6
37,5
37,6
37,4
35,8
34,7
34,1
34,1
34,1
33.5
33,3
33,1
33,0
32,2
31,6
31,2
28.8
29.8
£
£
17.4
41,1 20,1
20,9
27,2 21,6
20,4
26,8 23,5
26,4 24,7
17,3
17,3
27,0 25,6
17,3
27,3 25,2
17,3
28,7 25,9
17,3
30,8 |26,7
17,3 34,0 27,1
16,3
33,6 26,3
16,3 33,2 26.9
16,3
34,0 26,8
16,3 38,2 24,1
15,3
36,6 23,9
14,8 28,8 23,6
27,1 24,4
14,8
14,8
28,3 25,2
14,8
32,7 24,2
14,8
28,2 24,0
14,8
29,5 23,6
14,8
28,4 23,6
14,8 31,0 24,6
14,3
28,1 24,8
14,3
27,2 25,8
14,2 27,0 26,4
14,8 35,3 25,2
14,8
36,2 25,0
18,5 26,3 25,4
17,0 26,2 26,1
17,0 25,9 26,4
17,0 28,9 25,b
17,0 25.7 23,8
16,0
26,3 24,5
15,6 25,8 25,8
15,6 27,0 26,3
26,1 25,8
15,1
14,5 26,2 26,1
14,6 25,9 26,5
14.6 26,3 26,3
15,8
31,8 23,6
18,8
28,9 23,0
16,3 2*,2 22,6
16,4
28,4 22,9
16,4 27,8 23,1
16,4 27,7 22,2
16,4 26,9 22,5
17,5 26,9 22,5
17,5
30,4 22,4
17,5
29,3 21,4
16,0 127,9 21,0
16,1
27,6 20,5
16.1
34.7 17,2
17,1
47,7 18,3
BankRate.
£
i
V
o
O
1
Reserve of
! Notes
! and Coin.
O m itte d .
Se c u r it ie s .
JOther.
£
30,3
29,8
29,3
29,0
28, *
29,0
28,7
28,5
28,5
28,8
28,628,6
29,8
29,1
29,4
29,1
28,9
29,5
29,6
29,6
29,2
29,2
29,5
29,3
29,4
30,3
30,4
30,0
29,8
29,6
30,1
30,5
39,2
29,8
29,8
30,0
29,6
29,3
29,2
30,4
29,9
29,6
29,1
29,2
29,4
29,1
28,7
28,7
29,0
28,8
28,8
29,7
29,7
1902.—[00,0008
D e p o s it s .
1
Jan. 1..
44 8..
44 15..
44 22..
i 44 29..
Feb. 5..
44 12..
“ 19..
“ 26..
Mar. 5..
44 12
44 19..
44 26..
Apr. 2..
44 9..
44 16..
44 23..
44 30
May 7..
44 14..
44 21..
' 44 28..
June 4..
44 11..
44 18..
44 25..
July 2..
44 9..
44 16..
44 23..
44 30..
Aug. 6 .
44 13..
44 20..
44 27..
Sept. 3..
1 44 10..
44 17..
1 44 24..
Oct. 1..
! 44 8..
44 15..
I 44 22..
44 29.
Nov. 5..
44 12..
44 19..
44 26..
Deo. 3..
44 10..
44 17..
44 24..
44 31..
E N G L A N D IN
Public.
1i d
15 °
1902.
OF
Bullion in
| both de
partments.
BANK
C H R O N IC LE
M’ket Rate
3 Mouths*
Bank Bills.
JANUARY 24 , 1903.]
P.c. Pr. c t
4 3%
.... 3 ha
3
3% 3
.. „. 3
3 2%
.... 2Uie
— 2%
— 23*
2<%
.... 23*
23*
.... 2%
.... 21-ie
234
.... 278
.... 278
2iale
.... 2%
2%
.... 234
213,6
2«q
25ft
25ft
2%
2»i6
2%
2%
25ft
29ie
.... 2Hi6
... 234
27s
2i«ia
278
3
3*8
4 37ie
3-He
33ft
330
3^i0
3^ifi
338
3%
378
378
37g
378
4
.... 338
The situation of the Bank of France as to its stock of gold
and silver, according to the last returns of each month
jf 1900, 1901 and 1902, was as follows, stated in pounds
sterling.
G O L D A N D S IL V E R IN B A N K O F F R A N C E .— {00,000s O m i t t e d . ]
1902.
Fan. 30
Feb. 27
Mar. 27
April 21
May 19
June 56
July 31
A.uk. 28
3ept. 23
le t. 30
Nov. 27
Dec. 26
Gold. Silv’r Total
£
98,3
100,1
102,2
103,0
103,0
102,8
103,6
105,0
103,8
101,4
101,7
00,8
£
44.0
44,2
44,3
44,3
44,7
45,0
44,9
44,9
44,6
44,4
44,8
43,9
1901.
£
142,3
141,8
14«,5
147,
147,7
147,8
148,5
L49,9
118,4
1J58
146,0
144,7
Gold. Silv’r Total
£
93,8
95,6
95,1
97,6
98,4
88,8
98,3
97,6
95,6
94,4
98,4
98,6
Jan. £6
Feb. 23
Mar. 28
April 25
May 30
June 27
July 25
Aug. 29
Sept. 20
O ct. 24
Nov. 30
Dec. 26
£
I 43,9
43,9
1 44,0
44,0
44,5
44,8
44#7
44,9
i 44,0
48,8
, 44,1
44,1
1900.
£
137,7
139,4
139,1
141,5
142,9
143,4
143,0
142,4
140,1
143,2
142,5
142,6
Jan. 25
Feb. 22
Mar. 29
[April 25
IMay 31
Ju n e28
[July 2*
A ug. 30
Sept 27
Oct. 25
Nov. 29
IDec. 27
Gold. S ilv’r Tota!
£
75,9
70,8
77,8
77,7
81,5
84,5
87,3
90,0
90,0
91,7
93,0
93,6
£
£
45,7 121,6
45.7 122,5
45,7 123,5
45,0 123,3
45,7 1*27,2
45,9 130,4
46,0 132,9
46,4 135,4
45,2 135,8
41,6 138,3
44,5 137,5
44,3 137,9
In the table below we show the price of silver in London
by months for 1900, 1901 and 1902.
P R IC E O F S IL V E R F O R T H R E E Y E A R S .
1902.
1901.
1900.
High. Low. Aver
High. Low. Aver.
High. Low. Aver.
d.
d.
25716 25Hle
25716
I S 2 , 25
2??10 245io
V3ai0 2311.0
2 3 ‘ 6,(< 24316
24316 243s
24% 243,6
23916 23%
23% 23%
i W * 2U * i 6 22Hie
228ft 2 li3 16 223.0
d.
d.
d.
299.0 27% 2815,6
28% 2778 28%
283.0 275.0 2715.0
2716, e 261516 27i5l6
27 °8 273.0 277.0
27916 27% 27716
27% 2613.0 2616.0
27% 26% 2615,^
27
267q 26|5le
26% 2638 265ft
26% 2538 261,0
25% 2416.0 2771(,
d.
d.
2711.0 27
27% 27%0
2711.0 277.0
27% 27516
27% 27%
289.6 279,e
289.6 27%
28%*, 2710.0
29% 287.6
303.6 29%
2915.0 297.6
2978 29%
1
8ILVK R.
Jan........
Feb........
{March....
April —
MCay.......
JJune.......
.......
Aug.......
p e p t.......
p o t.........
,Nov........
[Dec........
d.
2«%
25%
25710
24%
24
24% 6
24916
243lft
24i0
y e a r . . . 26i8
211116 211,6
299,0
24:15,0
273,0 1303,0 27
EXPORTS
AND
1902.
E xports.
idome products..............
Re-shipment of imports.
28%
£
1900.
£
283,539,980
65,810,6*4
280,022,376
67,841,892
291,191,996
63,181,758
349,350,664
347,864,268
354,373,754
Total merchandise......
528,860,284
521,990,198
523,075,163
Excess of Imp. over exp ..
179.509.620
174.125,930
168.701,409
Total exports.............
j
£
I
I m ports.
E X P O R T S O F T E X T I L E F A B R IC S .
1902.
Y ear’s E xports.
Q U A N T IT IE S .
Cotton yarn............. lbs
Piece goods.......yds
Jute yarn................ lbs
Piece goods....... yds
Linen yarn...............lbs
Piece goods.......yds
Woolen yarn............lbs
Woolen tissues....... yds
Worsted tissues__ yds
1901.
167,483,100
5 ,330,724,700
46,990,300
195,739,300
14,215,600
162,952,400
52.722.100
47.197.100
102,602,700
V alues.
Cotton yarn.................
Piece goods...........
Jute yarn.....................
Piece goods............
Linen yarn...................
Piece goods...........
Woolen yarn................
Woolen tissues.............
Worsted tissues...........
£
1900.
169,658,000
158,272,900
,364,600,200 5,031,727,000
43,014,300
38.708.100
215.459.300
173,976,800
12.971.100
16.347.100
150.215.300
154,708,200
48,498,400
57,148,200
44.879.100
50,502,600
93.979.100
102,173,500
7.412.938
55,190,963
529,949,
1,909,6371
842,200
4,050,056
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
£
7,741,129
52,384,839
486,492
1,874,867
934,201
3,851,615
4,461,896
5,906,279
6,467,750
The British imports each month have been as follows :
D ifference.
£
1902.
1901.
Im ports.
£
£
J a n u a ry.........
F eb ru a ry ___
5 0 ,1 3 1 ,3 4 8
4 1 ,6 9 1 ,5 9 1
4 0 ,8 9 7 .8 6 1
4 6 ,1 9 9 ,9 2 8
4 3 ,3 5 3 ,7 0 5
4 0 ,6 6 5 ,3 1 5
4 4 ,0 8 6 ,9 6 0
4 0 ,4 1 2 ,5 7 1
4 1 ,7 6 4 ,4 9 1
4 6 ,8 5 4 ,3 3 0
4 5 ,1 1 8 ,0 3 6
4 8 ,1 7 0 ,6 2 8
4 5 ,9 8 7 ,5 1 6
3 9 ,7 1 4 ,4 3 9
4 6 ,4 2 6 ,0 5 6
4 6 ,2 6 5 ,6 1 7
4 2 ,4 2 6 ,7 5 9
4 1 ,7 1 1 ,0 3 8
4 3 ,0 2 8 ,8 2 2
4 0 ,9 3 7 ,1 4 0
3 8 ,2 0 8 ,7 9 1
4 4 ,3 5 1 ,4 0 3
4 6 ,8 1 0 ,5 5 3
4 6 ,7 7 0 ,0 9 7
— 1 ,0 4 5 ,7 2 3
+ 1 ,0 5 8 ,1 3 8
-5 2 4 ,5 6 9
+ 3 ,5 5 5 ,7 0 0
+ 2 ,5 0 2 ,9 2 7
—1,6 9 ^ ,4 9 7
+ 1 ,4 0 0 ,5 3 1
T w e lv e m o s. 5 2 8 ,8 6 0 ,2 8 4
5 2 1 ,9 9 0 ,1 9 8
+ 6 ,8 7 0 ,0 8 6
March............
A p r il...............
May...............
J u n e ...............
July...............
A u g u st...........
S e p t e m b e r ...
O c t o b e r .........
N o v e m b e r ....
D e c e m b e r ___
+ 4 ,1 4 3 ,8 3 2
+ 1 ,9 7 7 ,1 5 2
Per 01.
+ 9*0
+ 4 -9
-1 1 * 9
—0 1 4
+21
-2 5
+2*5
—1-2
+9*3
+ 5*6
-5 ,5 2 8 ,1 9 5
—6 5 ,6 8 9
+926,946
- 3 ‘6
+ 2 *9
+ 1*3
The exports each month have been as follows :
1902.
£
24,254,574
21,312,276
22,217,238
23,492,529
22,831,974
21,252,383
26,029,170
24,299,826
23,809,101
25,149,831
24,657,238
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
22,842,436
24,313,777
-4 9 8,9 57
+ 274,821
—2,804,055
+ 1,505,496
—504,688
—1,192,041
+ 1,643,399
+ 94,257
+1,837,799
+1,166,195
+1,8 L4,802
—94,537
—2*9
+ 1*8
—11*2
+ 6-8
—2 1
-5*4
+6*w
8
4-0*4
+8*3
+ 4*8
+7*9
—0 3
Twelve mos. 283,539,980
280,022,376
+ 3,517,604
+1*3
EXPORT8.
January........
February......
March...........
April.............
May...............
June..............
July. . . . . . . . . .
August..........
September...
October........
November....
December___
1901.
£
Difference.
£
P er Ct
The re-exports of foreign and colonial produce each month
show the following contrast:
R e- exports .
January.......
February ....
March. . . . . . . .
April. . . . . . . . .
May..............
June..............
July..............
August..........
September...
October........
November...,
December___
1902.
1901.
£
£
D ifference.
£
P er Ot.
5 ,0 5 1 ,3 0 7
5 ,9 6 6 ,2 8 8
5 ,2 0 0 ,5 2 5
6 ,2 8 6 ,0 0 7
6 ,0 5 6 ,2 2 9
5 ,5 2 2 ,2 7 0
5 ,5 2 6 ,0 8 3
6 ,1 6 6 ,9 5 5
4 ,7 6 8 ,2 3 5
6 ,3 1 1 ,0 9 6
5 ,0 7 9 ,6 0 1
5 ,9 1 2 ,2 4 7
+ 2 8 9 ,1 3 9
-1 6 2 ,1 8 7
—8 8 6 ,0 5 4
+ 3 8 7 ,9 4 2
—7 9 9 ,4 8 2
+ 8 6 ,8 5 8
+ 5 0 8 ,4 4 6
—4 6 8 ,3 1 5
+ 2 8 ,4 4 0
—6 5 2 ,7 5 6
+ 2 5 1 ,1 2 2
—4 3 7 ,8 0 5
+ 5 -7
-2 * 7
-1 7 0
+62
—15*2
+ 0*6
+ 9-0
-7 * 5
+ 0*6
-1 0 * 3
+ 4*9
-0 * 7
5 ,3 4 0 ,4 4 6
5 ,8 0 4 ,1 0 1
4 ,3 1 4 ,4 7 1
6 ,6 7 3 ,9 4 9
5 ,2 5 6 ,7 4 7
5 ,6 0 9 ,1 2 8
6 ,0 3 4 .5 2 9
5 ,6 9 8 ,6 4 0
4 ,7 9 6 ,6 7 5
5 ,6 5 8 ,3 4 0
5 ,3 3 0 ,7 2 3
5 ,4 7 4 ,4 4 2
6 7 ,8 4 1 ,8 9 2
- 2 ,0 3 1 ,2 0 3
-3 * 0
Twelve mos. 6 5 ,8 1 0 ,6 8 4
Note.—The aggregate figures are offloial. They Indicate that slight
adjustments have been made in the monthly returns as issued.
E X P O R T S O F IR O N A N D S T E E L F R O M G R E A T B R IT A IN .
d.
27%
27%
279.6
277.0
1902....................
279ie
271316 1901....................
1900....................
28%
1899....................
28%
2813.0 1898....................
1897....................
299.6
2911.6 1896....................
2913.0 1895....................
I M PO R T S.
1901.
The quantities and values of textile exports from Great Brit
ain for the last three years are given in the following table.
The exports of iron and steel from Great Britain have been
as below each year since 1876, inclusive.
The complete trade figures of imports and exports into
and from Great Britain for three years are as follows :
J_________________ ______
185
1894....................
1893....................
1892....................
1891....................
1890....................
1889....................
1888....................
1887....................
1886....................
1885....................
1884....................
1883....................
1982....................
1881....................
1880....................
1879....................
1878....................
1877....................
1876....................
Pig Iron.
Tons.
1,102,835
839,182
1,427,525
1,380,342
1,042,853
1,201,104
1,060,165
866,563
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
891.442
910,905 1
Rails.
Other
Descriptions.
Tons.
717,021
572,724
463,731
590,667
609,403
782,045
747,662
457,552
425,242
558,375
468,003
702,247
1,035,431
1,099,892
1,020,002
1,011,779
739,651
714,276
728,540
971,165
936,949
820,671
693,696
463,878
441.384
497,924
414,556
Tons.
1,759,248
1,485,813
1,649.433
1,746,171
1,592,094
1,702,957
1,782,571
1,511,421
1,393,771
1,457,905
1,504,223
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
Total.
Tons.
3,579,104
2,897,719
3,540,689
3,717,180
3,244,350
3,686,106
3,550.398
2,835,541
2,649.998
2,856.574
2,739,279
3,240,146
4,001,430
4,186,192
3,966,563
4,143.028
3,389.197
3,130.682
3,496.991
4,043,308
4,353.552
3,920.315
3,792,993
2.983,484
2,296,860
2.346.370
2,224,470
186
THE CHRONICLE
[VOL. LXXVI.
pany’s showing this year id particularly gratifying. Net
earnings for the twelve months ending December 31 1902 are
reported at $435,336, against $262,652 in 1901 and $213,283 in
1900. After charging to profit and loss the sum of $874,406,
a net gain of $60,930 remains. Praotically all of the $374,406 written off, it is stated in the President’s report, was on
account of old matters, and represents losses made before the
time of the present management, which should not properly
be figured in this year’s business. The company shows (De
cember 31 1902) deposits of $11,412,223 and surplus and
profits of $2,950,329.
—The consolidation plans of the Mercantile National,
Seventh National and National Broadway were advanced a
step this week in the election of the following as officers of
the Mercantile (which name is to be retained), namely:
President, Frederick B. Schenek (previously President of
the Mercantile); First Vice-President, Miles M. O’Brien
(President of the National Broadway) ; Second Vice-Presi
ITEMS ABOUT BANKS BANKERS AND TRUST CO.’S dent, William H. Taylor (Vice-President of the Seventh
—The public sales of bank stocks this week aggregate 243 National and Bowling Green Trust Company); Cashier,
shares, of which 150 shares were sold at the Stock Exchange James V. Lott.
and the remainder at auction. The transactions in trust
—Formal assent was given on Wednesday by the stock
company stocks reach a total of 155 shares. Stock of the
holders
of the Metropolitan Trust Company of this city to
National Bank of North America sold at 251, an advance of
the
proposed
absorption of the Atlantic Trust Company.
20 points from the price paid at the last previous sale in De
cember 1902, and Mercantile National Bank stock shows an The shareholders of th9 former also authorized an increase
advance of 30 points, to 355%. In the “ curb” market sales in the capital from $1,060,000 to $2,000,000, this calling for
were made of National Bank of Commerce stock at 830%-384; the issuance of 10,000 shares of $100 each. The stockholders
stock of the Trust Co. of America at 304 and Corn Exchange of the Atlantic are to receive 7,500 of the new shares in ex
Bank stock, on which the dividend rate has been increased change for their 15,000 shares, or one new share for every
two now held.
to 7 per cent, at 440.*
—The showing made by the Trust Company of the Repub
Last previous sate.
S h a re s .
B a n k s —N e w Y o r k .
Price.
Jan. 19 0 3 — 37 0
21 B ro a d w a y B an k, N a tio n a l___ 3 6 8 is
lic of this city, under date of December 31 1902, merits atten
N
ov.
19
0
2
—
199%
40 C itizen s’ B an k, N a t i o n a l ..... 192
tion. The company on that day was but nine months old,
Jan. 19 03— 3 1 0
t l 7 C ity B an k, N ational.................. 3 1 0-31 5%
Jan. 19 03— 32 6
*135 C om m erce, N at B ank ot .......... 330-33 5
having
begun business on March 31 last; yet in that short
D
ec.
1902—
640
e
4
i
10 H a n o v e r N ation al B a n k .........
N ov. 19 0 2 — 325
1 0 M erca n tile N a tion a l B a n k ___ 35 5%
period net profits of $95,248 have been realized, and this, too,
D ec. 1 9 0 2 — 225
1 0 N orth A m e rica , N at. B a n k o f. 251
on a very conservative basis of computation. This is'at the
T r u s t C o m p a n i e s —N. Y.
Jan. 19 0 3 — 3 6 4 % rate of 12% per cent per annum on the capital of $1,000,000,
2 9 A tla n tic T ru st C o ........................ 36 5
O ct. 19 02— 1200
2 0 N . Y . L ife Ins. & T r. C o ........... 1236
£ 9 6 N orth A m erica n T ru st C o........ 32 5-327%
Jan. 1 9 0 3 - 32 6% and 8% per cent per annum on the combined capital and sur
F irst Sale.
10 W in d sor T ru st C o ...................... 26 5%
plus of $1,500,000. Besides its principal office at 346 Broad
* S old at the S to ck E x ch a n g e , t O f this, 15 sh ares so ld a t th e S took way the company has two branches in operation, one
E x oh a n g e at 310.
at 71 William Street (opened in May) and the other
—In our issue of January 10, in referring to the change of in the Waldorf-Astoria, opened on the 19th inst. The
method inaugurated by the Indianapolis Clearing House, we annual report of the institution,
submitted the
inadvertently failed to refer to the fact that, in addition to present week, treats at length of the company’s
the three Texas cities, the Columbus, Ohio, Clearing House connection with the plans for financing the United States
Association had been reporting both sides of the account and Shipbuilding Company. President Dresser points out that
was therefore not in accord with the general system of re although the trust company is not a member of the syndicate
porting clearings. Since that date, however, we are in re and in no respect responsible, directly or indirectly, for the
ceipt of a communication from Mr. John Field, Manager of ultimate results of its operations, it nevertheless is entitled
the Columbus Clearing House, who informs us that his assoc to one-half of all the net profits which the syndicate may
iation adopted resolutions sometime prior to the first of Jan make. When the accounts of the syndicate have been finally
uary similar to those adopted in Indianapolis, and that since closed, he states further, the result will be duly communi
the opening of the New Year clearings .have included only cated to the stockholders.
one side of the account.
—The trust companies and a few banks held their an
—The annual election of the stockholders of the American nual meetings this week—on the 21st. The changes gener
Bank Note Company was held on the 20th inst. From the ally were minor ones.
familiar list of officers and directors which for so many years
Tne Guardian Trust Company of this city, of which Mr.
has met the eye, the name of James Macdonough is this time Bird S. Coler is the President, elected the following new
missing. As our readers know, Mr. Macdonough died on the directors: Lewis Nixon, F. W. Woolworth, Jame3 H. Par
5th instant at the age of seventy-five. For forty years his ker, Herman A. Metz, W. H. Barnard, Thomas M. Mulry
name had been at the head of the list of officers. He was one and Bernhard Mayer.
of the seven founders of the National Bank Note Company,
Mr. George L. Nichols was elected a member of the
and for many years supervised the work of its art and en board of the Empire State Trust Company of this city to
graving departments, and also filled the offices of Secretary, succeed the late Richard M. Parmely.
Vice-President and President, In the late seventies the
Mr. Gordon Macdonald of Messrs. Speyer & Co. has re
National, the American of 1858 and the Continental com placed Mr. Martin Erdmann as a director of the Mutual Al
panies were consolidated, and he became Vice-President of liance Trust Company of this city.
the associated oompanies, now the American Bank Note
Mr. Charles T. Barney is a new member of the board of
Company, later advancing to the position of President, and the City Trust Company of this city.
about two years since having been made Chairman of the
No action was taken by the Morton Trust Company with
board of directors.
regard to the vacancy in the board occasioned by the death
—The State of Vermont has adopted the Saturday half of Mr. Abram S. Hewitt.
holiday law, which is practically the same as that now in
Messrs. Charles W. Morse and H. S. Rothschild have
force in New York, Massachusetts and other States. The retired as directors of the Nineteenth Ward Bank of this
Vermont law will go into effect on February 2.
city.
—Messrs. Lockwood, Hurd & Co., who as a result of embar
—At this week’s annual meeting of the Bowling Green
Trust Company, this city, Mr. William H. Taylor was ad rassments arising out of the “ Webb-Meyer ” group of stocks
vanced from the position of Second to First Vice-President, suspended May 5 last, resumed business in their old offices
succeeding in his new post the late Samuel Thomas. The on Monday last, Mr. H. B. Lockwood having been reinstated
office of Second Vice-President was left vacant. The com to membership in the Stock Exchange. All former members
Merchandise as Collateral for L oans.—The Bureau of
Foreign Commerce of the Department of State has just is
sued a hundred-page volume of “ Special Consular Reports”
on “ Stored Goods as Collateral for Loans.” As these reports,
collected through the consular service of the United States
from all the commercial cities of Europe, at the request of
the American Warehousemen’s Association, give the ap
proved methods and regulations of the older countries for
converting stored merchandise into safe collateral for loans,
they should be of great interest to the bankers and ware
housemen of the United States, where practically all of the
millions of dollars’ worth of stored goods lie in warehouses
without value for purposes of exchange until actually sold
and delivered. This volume, we are informed, can be had
upon request from the Bureau of Foreign Commerce, De
partment of State, Washington, D. C.
J a n u a r y 24, 1903.]
THE CHRONICLE
of the firm remain, and Mr. Edward B. Esterbrook, for
merly with Mr. Henry T. Chapman and Messrs. W olf Bros.
& Co., has been engaged. Mr. Esterbrook is well and very
favorably known in the “ Street,” and his genial manners
and business connections should be of decided advantage to
the firm.
—Mr. Francis H. Page, heretofore Secretary of the Wash
ington Trust Company of this city, has been made a VicePresident, while Mr. M. S. Lott, the former Treasurer, has
been given the office of Secretary in place of his present
position.
—The Hanover National Bank of this city opened for busi
ness in its handsome new building corner Nassau and Pine
streets on Monday of this week. The building is oi solid
granite, twenty-two stories in height, and is beyond doubt one
of the finest bank structures in the country. The banking
room is magnificent in all Its appointments; the ceiling is art
istically designed in aluminum overlaid with gold leaf.
Massive columns, also covered with gold, tend still further to
add to the imposing effect produced. The light is supplied
by handsome electric chandeliers, while the finishings and
fixtures are of green and red variegated marble and of solid
bronze. The 21st floor is occupied by the bookkeepers and
the 22nd is used for the bank’s private dining room, culinary
department, lockers, etc.
Part of the basement contains the bank’s private vaults,
while the remainder is let to the Hanover Safe Deposit Com
pany. Mr. James T. Woodward is President, Messrs. James
M. Donald and William Halls Jr., Vice-Presidents, Mr. W il
liam Logan Cashier, and Messrs. Wm. I. Lighthipe, Elmer E.
Whittaker, Alexander D. Campbell, Henry R. Carse, Assist
ant Cashiers.
—The Holland]Trust Company (of this city, which in No
vember last was called upon by the Superintendent of Banks
in this State to make good an impairment of its capital stock
amounting to $251,367, announces that 1,342 shares of stock,
on which the assessment for this purpose was not paid, will
be sold to the highest bidder at public auction on February 3.
The stock is to be sold at not less than 51 per cent of its face
value, this valuation having been placed upon it by the
Superintendent of Banks.
—The only change which occurred in the officers of the
Orange National]Bank of Orange, N. J., was the election as
a Vica-PresidentKin'addition to Mr. George Spottiswoode,
who was re-eleoted) of Mr. John D. Everitt. United States
Mortgage & Trust interests, which recently secured control,
were given representation on the board. The new members
are Mr. Edward T. Perine, Oscar L. Gubelman and John D.
Everitt, these three succeeding A. F. Tillou, Charles Wil
liams and George P. Olcott.
—Mr. Edward Johnson was on Wednesday elected Presi
dent of the.People’s Trust Company of Brooklyn, according
to the plans announced shortly after the death of his prede
cessor, Felix Campbell. Mr. Johnson has been with the
company since]its organization in 1889.
—The Bank of Long Island, at Jamaica, whioh recently
took over the Bank of Jamaica, the Flushing Bank, the Far
Rockaway Bank, and the College Point Branch of the Bank
of Jamaica, elected officers last week. They are, President,
Samuel R. Smith; Vice-Presidents,Henry L. Crandell, Joseph
Dykes, and Valentine W. Smith; Cashier, William D.
Llewellyn; Assistant-Cashiers, W. H. D. Nimmo and George
W. Craft.
—The Brooklyn Trust Company, at 177-179 Montague
Street, Brooklyn, has made arrangements to establish a
branch in the neighborhood of Bedford Avenue and Fulton
Street.
—The initial meeting of New Jersey bankers, held in New
ark on the 10th inst., for the purpose of arranging for the
organization of a State Association, was well attended, about
eighty institutions sending representatives. The first Presi
dent of the association is Mr. Edward C. Stokes, President of
the Mechanics’ National Bank of Trenton. Mr. Uzal H.
McCarter, President of the Fidelity Trust Company of New
a rk 's the Vice-President of the new organization, while Mr.
Oscar L. Gubelman, Secretary and Treasurer of the Commer
cial Trust Company of New Jersey, Jersey City, has been
appointed Treasurer. The annual dues of the association are
$10 for banks with a capital of $100,000 or less, $20 for those
187
capitalized at between $100,000 and $500,000, and $30 for in
stitutions with a capital of $500,000 or over.
—At the election of officers of the Mechanics’ Trust Com
pany of Bayonne, N. J., Mr. Charles S. Noe was re-elected
President; George W. Young replaced Mr. Alfred Booth as
Vice-President; DeWitt Van Buskirk was made Vice-Presi
dent and Secretary; Oscar L. Gubelman was chosen Tieasurer, while Mr. William R, Wilde was re-elected Assistant
Treasurer.
—The trustees of the Fidelity Trust Company of Buffalo
nave elected Mr. George L. Williams First Vice-President to
succeed the late Mr. William H. Walker.
—At the annual meeting of the directors of the Columbia
National Bank of Buffalo Seymour H. Knox was chosen as
First Vice-President in place of Mr. George Wadsworth. The
growth in this bank’s business, pointed out from time to time
in these columns, still continues. In two months, from
November 1 £1902 to January 1 1903, deposits have risen
from $1,967,000 to $2,112,000; resources from $2,649,000 to
$3,001,000; loans from SI,254,000 to $1,521,000, and reserves
from $712,000^0 $781,000. During the past year the stock
holders have contributed to the surplus $400,000, so that the
amount now stands at $480,000.
—The request of Mr. J. Q. Bennett, who asked to be re
lieved of the Presidency of the Mercantile Trust Company,
Boston, was'acceded to, and he was instead made a VicePresident. Mr. Charles A. Price has been elected President.
Mr. Price comes from the National Exchange Bank of Bos
ton, wherelhe held the position of Cashier. The other officers
of the company remain unchanged. The board was enlarged
by the election’ of the following 'new members: Charles A.
Price, George C. Cutler, Edward Hamlin, Arthur K, Hunt,
William B. Lambert and Walter Swan.
—Mr. Alfred£Bowditch has been elected a director of the
New England].Trust Company of Boston to succeed Mr.
Charles U.°Cotting, resigned.
—The stockholders of the Second National Bank of Fall
River, Mass., decided at their annual meeting on the 13th
not to renew_the£charter, which expires on February 24, and
the bank will therefore go into liquidation in March. The
action, it is said, is the result of the passage last spring of
the Massachusetts law compelling separate officials and
offices for savings banks from banks of discount. The Five
Cent Savings Bank and the Second National have been car
ried on jointly under the same officials. The Second was
organized in]1856 as the Wamsutta State Bank, with a capi
tal of $100,000. It was reorganized as a national bank in
1864 and the capital increased in 1865 to $150,000. The
stockholders are to receive $170 for each $100 share.
—Mr. Robert’ JW. Day, Treasurer of the United States
Envelope Company, has been elected Vioe-President of the
Springfield National Bank of Springfield, Mass. Mr. Day
succeeds Mr. George B, Holbrook, who retired in November.
—The directors of the Hartford National Bank of Hart
ford, Conn., recently had an expert examination made of the
condition of the bank by a firm of accountants, the task em
ploying three men for five business days, The result was
entirely satisfactory. This special examination will be made
regularly every year hereafter.
—The iEtna National Bank of Hartford, Conn., in ad
dition to electing Mr. A. G. Loomis (Vice-President of the
National City Bank of this city) as one of its directors, also
elected to its board on the 13th inst. Mr. W. R. C. Corson of
Hartford.
—Mr. Thornton Rollins has been elected by the directors
as President of the Maryland National Bank of Baltimore,
Md., to succeed Mr. J. Henry Judik.
—Mr. William F. Wheatley has been elected President of
the City Trust & Banking Company of Baltimore, Md. Mr.
Wheatley was formerly First Vice-President and succeeds
Mr. Charles O'Donnell Lee, resigned. Mr. John D. Blake has
been made First Vice-President instead of Second Vice-Presi
dent, Mr. Thomas O’Neill assuming the latter position. In
taking up his new office Mr. Wheatley will relinquish the
secretaryship of the Chamber of Commerce, which he has
held since 1867. An increase in the capital from $100,000 to
$300,000 is contemplated.
—The stockholders of the National Bank of Northern
Liberties, Philadelphia, have voted to make the par value of
188
THE CHRONICLE
[VOL.
LXXV1.
the shares $100 instead of $50, as at present. One new share
will be issued in exchange for two shares now held, thus con
tinuing the capital at $500,000.
—Cashier Howard W. Lewis, of the Farmers' & Mechanics’
National Bank of Philadelphia, was on the 16th inst. elected
to the additional office of Vice-President. The other officials
remain as heretofore, namely: Henry C. Stroup, President;
John Mason, Transfer Officer, and Eugene H. Austin, Assist
ant Cashier.
—Mr. Joseph Gazzam, who, as reported last week, retired
as President of the Qaaker City National Bank of Philadel
phia, has been succeeded by Mr. William H. Clark, formerly
Vice-President.
—Mr. L. H. Smith has retired from the Presidency of the
Cosmopolitan National Bank of Pittsburgh, which began
business last May. Vice-President John McClurg was chosen
as the new head, and two new Vice-Presidents were elected
in E. A. KitzMiller and F. H. McKinnie.
—Plans for the consolidation of the Safe Deposit & Trust.
Company and the People’s Savings Bank of Pittsburgh are
under way, ratification having been given to the proposition
by the directors. Tne enlarged institution will be styled the
People's Savings, Safe Deposit & Trust Company. The trust
company has a capital of $1,000,000, and the bank a capital
of $300,000, which it was contemplated to increase to $600,000With the merging of the two institutions the capital of the
new concern will be made $2,000,000 and the surplus $5,000,000.
—The new Washington National Bank of Pittsburgh, re
ferred to in these columns on Novenber 15, has perfected its
organization by the election of the following officers, name
ly : President, Mr. John C. Reilly, and Vice-Presidents, Dr. A.
Blumberg and W C. McEldowney. The bank is capital
ized at $250,000. It had planned to begin about December 1,
but the opening date has been deferred.
—The board of the Union Trust Company of Pittsburgh has
been strengthened by the addition of six new members.
They are Mr. R. B. Mellon, Vice President of the Mellon
National Bank of Pittsburgh; James H. Hyde of the Equita
ble Life Assurance Society, Charles Lockhart, Henry
Phipps, Wiiliam B. Schiller and B. F. Jones Jr.
on Saturday last. To the information already published here
in we may add that the main offices of the Cleveland Trust
Company (the name of the enlarged institution) will, for the
time being at least, be in the quarters of the Western Re
serve Trust Company. The consolidation will become effec
tive about the first of the coming month. The stockholders of
the Cleveland Trust Co. will receive on the exchange of their
present holdings for new stock a cash dividend approximat
ing $40 a ehare. The Western Reserve’s stockholders receive
share and share alike, and are required to pay an assessment
of $15. The bid price of the shares of the latter is $250}^,
the asked price $275. The Cleveland Trust shares are $450
bid, $500 asked. The par value in each case is $100.
—The Merchants’ & Manufacturers’ National Bank of Co
lumbus, Ohio, at its annual meeting made one change in its
staff, the addition of a new Vice-President. Mr. W. S.
Courtright is the new comer.
—At the recent annual meeting of the old Detroit National
Bank of Detroit, Mich., the following officers were re-elected:
President, Mr. Alexander McPherson; Vice-President, Theo
dore D. Buhl; Cashier, William T. Dc Graff; Assistant to the
President, Irvine B. Unger; Assistant Cashier, A. W.
Ebrman, and Auditor, Charles F. Lawson. The directors of
the bank are Theodore D. Buhl, Henry P. Baldwin, Stanford
T. Crapo, James Davidson, Elisha H. Flinn, Charles M.
Heald, F. W. Gilchrist, Alexander Lewis, E. W. Meddaugh,
Alexander McPherson, Oren Scotten, Frederick C. Stoepel,
Henry Stephens and A. W. Wright.
—Mr. Louis C. Sherwood, previously Assistant Cashier,
has been elected Cashier of the Union National Bank of De
troit to succeed Mr. Frederick E. Farnsworth, resigned.
—Mr. Ralph Stone has been advanced from the post of As
sistant Secretary to that of Secretary of the Detroit Trust
Company, of Detroit, Mich.
—At the reoent annual meeting two new offices were cre
ated in the Cincinnati Trust Company of Cincinnati, Ohio—
Assistant Secretary and Treasurer, to which Mr. F. R. W il
liams was elected, and Cashier, a post assigned to Mr. R. W.
Neff.
—The Park National Bank of Cleveland has voted an in
crease in its capital from $500,000 to $650,000. This is in ac
cordance with the plan for the consolidation with the Amer
ican Exchange National Bank of Cleveland, whose stock
holders are to take $125,000 of the new issue at $150 per share.
The American Exchange has made preparations to go into
voluntary liquidation.
—Mr. P. M. Spsncer ha3 been elected President 5of the
Cleveland National Bank of Cleveland, Ohio. He succeeds
Mr. S. S. Warner, who, on account of his advanced age, re
signed the first of the year. The office of Vice-President,
which Mr. Spencer vaoates, has been assigned to Mr. N. O.
Stone.
—A meeting of the stockholders of the Citizens’ Savings &
Loan Association of Cleveland has bsen called for February
2 for the purpose of acting on the proposition to consolidate
with the Savings & Trust Company of Cleveland. The con
solidation will be effected under the name of the Citizens’
Savings & Trust Company, the capital to be $3,000,000 and
surplus $2,000,000. The stockholders of the Citizens’ Savings
& Loan (which has a capital of $1,000,000 in shares of $500
each) will receive 15,000 shares ($100 each) of the new com
pany in proportion to their holdings. The other 15,000
shares will go to the stockholders of the Savings & Trust
Company in exchange for their 15,030 ($100) shares. The
new company will be officered by Mr. H. R. Newcomb as
President; D. Z. Norton and D. Leuty, Vice-Presidents; H. B.
Corner, Third Vice-President and Treasurer; J. R. Nutt,
Secretary, and J H. Wade, Chairman of the board.
—The consolidation plan of the Cleveland Trust Company
and the Western Reserve Trust Company of Cleveland, de
tails of which were given in these columns on the 10th inst.,
was ratified by the stockholders of the first-named institution
—Vice-President R. Z. Herrick will retire from active ser
vice in the National Livestock Bank of Chicago, with which
he has been connected, most of the time officially, for more
than thirty years, The earnings of this bank for 1932 were
approximately 29 per cent on its capital stock.
—The Ohio Savings Bank & Trust Company of Toledo will
in the near future have a capital and surplus of $800,000, the
officers having already taken the initial step to this end. The
present capital of the bank is $300,000, with surplus and
profits aggregating $88,000. Total deposits are over two and
a-half million dollars. Mr. David Robison Jr. is the Presi
dent.
—At the recent election of officers of the Bankers’ National
Bank of Chicago, George S. Lord retired as Vice President,
and John C. Craft, Cashier, was promoted to the vacancy.
Frank P. Judson was promoted to the po3itioh of CashierTne roster now stands: President, E lward S. Lacey; VicePrrs'dent, Julia C. Craft; Cashier, Frank P. Judson; Assist
ant Cashiers, Charles C. Wilson and Charles Ewing,
—The First National Bank of Chicago is arranging to re
tire the extra $500,000 circulation taken out in November.
—At the annual election of officers and directors in the
Royal Trnst Company Bank of Chicago, R. B, McMnllen was
chosen Vice-President, in place of Walter H, Wilson, re
signed. Cashier E. F. Mack was added to the directorate.
—The Federal Trust & Savings Bank, Chicago, by a recent
vote enlarged its board of directors from twelve to fifteen,
although as yet bat one new member has been chosen, Mr.
Alfred H. Mulliken. The other two members will be se
lected at an early day.
—Mr. W. T. Fenton, Vice-President of the National Bank
of the Republic, has been re elected President of the Chicago
Clearing House Association. Byron L. Smith, President of
the Northern Trust Company Bank, was chosen Vice-Presi
dent in place of Jame3 H. Eckels, whose duties on the Clear
ing House Committed precluded his attention to the demands
of the official position. This committee is constituted as be
fore, and Mr. W. D. C. Street continues as Manager.
— We are in receipt of a beautiful and artistic booklet re
cently issued by the Mississippi Valley Trust Company of St.
Louis, setting forth the financial facts, business departments
and the wonderful growth of that great fiaanoial institution.
Exquisite half-tones are given of both the exterior and inter
ior of the company’s building on the corner of 4th and Pine
J anuary
24, 1903.]
THE CHRONICLE.
189
Streets, showing its splendid equipment in all departments.
In its fiduciary capacity, in legitimate banking, in the hand
ling of bonds, and other prime investment securities, in real
estate transactions, and in safe-depo3its, the Mississippi Val
ley ranks as one of the leading and among the soundest insti
tutions in the country. The company’s growth during the
past two months is particulary notable. Dsposits have risen
from $18,173,292 on October 31 1902 to $20,907,499 on Decem
ber 81. Total resources likewise show an advance, the figures
for October 81, at $26,640,255, comparing now with $29,177,759. Oat of the profits of the year dividends aggregating
$360,000 have been paid to stockholders.
lace, A. J. Simpson, C. H. Brown, W. M. Burgess, I. W.
Carpenter, N. P. Dodge and C. F. McGrew.
—Besides electing to its board Mr. James H. Hyde and Mr.
George F. Baker, the First National Bank of Denver, Col.,
has also chosen Mr. F. G. Moffat as an additional director,
and made the latter Cashier to succeed Mr. Thrmas Keely,
who has been appointed a Vice-President. The bank now
has three such officers, having re-elected W. S. Chessman
and G. E. Ross Lewin as Vioe-Presidents. Mr. W. C. Thomas
was re-elected Assistant Cashier and W. S. Haughwout was
elected Second Assistant Cashier. Mr. D. H. Moffat remains
at the head.
—The stockholders of the Merchants’ Bank of Nashville
formally approved of the bank’s conversion to the national
system at their meeting la3t week. The change of course
will not actually be made until all the other legal require
ments have been complied with,
—But one change occurred in the directory of the Ameri
can National Bank of Nashville, Tenn., at this month’s an
nual election, Mr. Horatio Berry replacing Mr. J. C. Brad
ford.
—An important change occurred in the officers of the First
National Bank of Nashville, Tenn,, at the annual meeting on
the 13th irst. Mr. Joel W. Carter declining re-election as
President, Cashier F. O. Watts was chosen as his successor.
Mr. Randal Currell was elected Cashier, his former position
of Auditor being aesigned to Mr. Lawrence K. Thompson,
Mr. Watts, the new President, entered the First National
five yeaTsago. His banking experience covers a period of
twenty-one yeare.
—Mr. R. Lancaster Williams, of Messrs. John L. Williams
& Sons, Richmond, has been tlected to the board of the
Fourth National Bank of Nashville.
—An increase in the capital of the National Exchange
‘Bank of Augusta, Q-a., has been recommended by the direc
tors. New stock to the amount of $100,000 will be put out,
thus giving the bank, with the present $200,000, a capital of
$300,000. Each stockholder will be permitted to subscribe
for one new share for every two now held.
—Mr. Frank B. Anderson, Assistant Cashier of the Ameri
can Exchange National Bank this city, has been elected a
director and Vice-President of the Bank of California, San
Francisco. The bank is one of the largest in that section of
the country, having a capital of $2,000,000, surplus and
profits of nearly $4,000,000, and deposits of considerably over
$11,000,000. Mr. Anderson expects to assume his new duties
about the first of next month.
—A very artistic calendar designed for office use is that
issued by the Petersburg Savings & Insurance Company of
Petersburg, Va. Heavy dark cardboard has been utilized,
the silvered figures standing out plainly on the background.
Occupying the upper part of the board is the well posed head
of a pretty young woman, a reproduction of the painting,
u At the Opera.”
—A substantial increase in the capital has been voted by
the stockholders of the Lowry National Bank of Atlanta,
Ga. The amount now is $300,000, to which will be added
$200,000, thus giving a capital of half a million dollars. The
surplus will also gain in the sale of the new stock, the
price at which the issue will be offered being $200 per $100
share. The bank is in a very prosperous condition. Net
earnings for the twelve months amounted to 20 per cent,
Eight per cent dividends (or $24,000) were paid during that
time, besides which $35,000 was added to undivided profits.
—A special meeting of the stockholders of Moleon’s Bank
of Montreal has been called for February 23 for the purpose
of acting on the proposition to increase the capital (now
$2 500,000). The question of increasing the par value of the
shares from $50 to $100 each will also be considered.
—The Utah National Bank of Salt Lake City, Utah, a control
ling interest in which, it is reported, recently passed to new
hands, has made an almost complete change in its officers,
the only one remaining being former President James Chipman, who is now First Vice-President. The new head of the
bank is Mr. Anthon H. Lund; Second Vice-President, Henry
Dinwoodey and Cashier Joseph Nelson.
—Mr. H. P. Terry has resigned as Cashier of the Hadley
Falls National Bank, of Holyoke, Mass., his successor being
Mr. C. R. Kingsbury, the former teller.
- The annual statement of the Canadian Bank of Com
merce, Toronto, submitted at the meeting on the 13th inst.,
showed that institution to be in an exceedingly prosperous
condition. The net profits for the year ending November 30
1902, after providing for all bad and doubtful debts,
amounted to $1,028,510. Adding to this the $251,048 carried
over from the previous year, the sum of $1,279,558 is arrived
at. Oat of this two semi-annual dividends of 3}^ per cent each
were paid, aggregating $560,000; $51,737 was expended on
bank premises, and $15,000 transferred to the pension fund,
leaving a balance of $652,821 for the year, of which $500,000
was added to the “ rest” account. On November 30 the bank
reported deposits of $53,923,287.
—At the annual meeting of the Bank of Toronto on the
14th inst. it was voted to increase the authorized capital
from $3,000,000 to $4,000,000. The paid-in capital is $2,500,000. The directors have been authorized to allot the addi
tional capital to the shareholders from time to time at such
rate as they may deem expedient. Mr. C. S. Hyman of Lon
don, Oat., was elected a director to succeed the late George
J. Cook.
—At the stockholders’ meeting of the Alabama National
Bank of Birmingham, Ala., the old board of directors was
reeleoted. The officers were also all re elected, except Mr. I M P O R T S A N D E X P O R T S O F G O L D A N D
S. McGaughy, Assistant Cashier. The business of this
S IL V E R A T S A N F R A N C IS C O .
bank has shown noteworthy growth daring the past year,
Through the courtesy of the Collector of Customs at San
the net earnings for that period being over $44,500, or 22
Francisco we have received this week the details of impoits
per cent, net.
and exports of gold and silver through that port for the
' —The Bank of Little Rock, Little Rock, ATk. (capital $135,- month of December, and they are given below in conjunction
000), suspended on the 20th inst. The Little Rock Trust with the figures for preceding months, thus completing the
Company (capital $50,000) which, it is stated, is owned prin results for the calendar year 1902. The imports of gold were
cipally by 1he bank’s stockholders, has taken advantage of much smaller than in any recent month, reaching only
the nicety-day notice necessary to be made by depositors $276,148, of which but $3,950 was in coin. Of silver there
desiriDg to withdraw any of their moneys.
came in $404,592, of which $402,447 was bullion. During
—Mr. William Wallace, previously Vice President and the twelve months there was received a total of $9,161,081
Cashier of the Omaha National Bank, of Omaha, Neb., has gold and $2,599,617 silver, which compares with $17,506,315
reta'ned only the office of Vioe-President. The Cashier of gold and $3,345,131 silver in 1901. The shipments of geld
the bank is now Mr. Charles E. Waite, formerly Assistant during December were $503,553, mainly bulliOD, and the
Cashier. The complete list of officers is, President, Mr. J. exports of silver have been $722,249, of which $265,849
H. Millard; Vice-Presidents, William Wallace and C. F. was coin. For the twelve months the exports of gold
McGrew; Cashier, Charles E. Waite, and Assistant Cashier, reached $2,703,204, against $251,C67 in 1901, and $8,284,022
Frank Boyd. The board is composed of J. H. Millard, Guy silver was sent out, against $7,628,637 in 1901. The exhibit
C. Barton, N. W. 4Welle, Erastus Young, William Wal for December and the twelve months is as follows :
THE CHRONICLE
190
E n g lU h F ln a n o lfti n a r k c t B - P t r C a b le .
IM P O R T S O P G O L D A N D S IL V E R A T SAN F R A N C IS C O .
The d a ily clo sin g q u otation s for secu rities, e tc ., a t London
are reported b y cab le as follow s for th e w eek en d in g Jan. 2
8 IL V E R .
GOLD.
M ON TH S.
C o in .
B u llio n .
1902.
$
J a n u a r y ...
3 ,4 5 4
F ebruary.
4 7 ,2 9 0
M a r o h -----2 5 ,8 2 6
A p r i l..........
1 3 ,7 6 8
3 8 ,2 6 5
M !ay..........
2 ,0 3 5
J u n e .........
1 3 ,6 1 5
J u l y ..........
8 1 .7 9 3
A u g u st—
S e p te m b e r 4 8 6 ,6 5 0
O c t o b e r .. . 5 ,8 4 3 ,2 0 5
N o v e m b e r. 1 ,4 8 4 ,8 4 7
3 ,9 5 0
D ecem ber.
T o ta l.
C o in .
$
$
9
4 6 ,5 4 4
4 3 ,0 9 0
3 ,9 3 0
6
7
,7 9 9
5 2 ,4 2 9
5 ,1 3 9
63 ,3 2 4
3 ,3 7 0
3 7 ,4 9 9
1 5 7 ,0 9 3
1 4 3 ,3 2 5
188
2 ,6 4 4
1 0 2 ,7 1 6
04,451
4 2 ,2 8 0 1 6 1 ,8 1 4
4 0 ,2 4 5
3 5 ,9 1 9
2 2 ,3 0 4
5 ,0 7 8
1 5 1 ,6 0 6 7 1 ,0 7 0
6 9 ,8 1 3
80,92**
5^2
5 6 7 ,5 7 8
1,0 2 2
1 8 9 ,1 8 6 6 ,0 3 2 ,3 9 1
1 4 8 ,2 0 6 1 ,6 3 3 ,0 5 3
708
2 7 6 ,1 4 8
2 ,1 4 5
2 7 2 ,1 9 8
T o ta l.
B u llio n .
LONDON.
9 2 ,8 0 9
1 9 8 ,8 7 4
1 6 9 ,1 9 3
1 8 8 ,0 7 8
1 4 2 ,9 1 2
2 3 9 .2 5 9
1 5 6 ,5 6 0
2 7 0 ,2 2 4
2 3 8 ,9 6 9
3 4 7 ,2 6 9
1 5 0 ,8 7 8
4 0 4 ,5 9 2
E X P O R T S O P G O L D A N D S I L V E R F R O M SA N F R A N C IS C O .
S IL V E R .
M ON TH S.
C o in .
B u lV n
T o t a l.
C o in .
145
7 3 5 ,5 7 5
5 ,6 7 3
4 f4 3 9
2 ,1 1 7
1 1 ,5 5 5
213,5 3 1
6 9 0 ,8 3 0
2 1 5 ,6 3 0
3 1 0 ,0 2 4
1 0 ,1 3 2
5 0 3 ,3 5 3
8 ,8 6 2
3 4 ,2 3 2
3 0 ,8 1 9
1 3 ,0 5 2
3 3 ,0 0 7
9 ,2 9 9
12,821
9 0 9 ,1 6 7
3 7 6 ,9 5 0
7 7 0 ,8 6 1
3 9 1 ,1 9 5
2 6 5 ,8 4 9
T o ta l.
B u llio n .
$
1902.
J a n u a r y ..
F e b r u a r y ..
M a r c h ....
A p r i l..........
M a y ...........
J u n e ..........
J u ly .......
A u g u s t ----S e p te m b e r
O c t o b e r ...
N ovem b er.
D ecem ber.
3 ,5 7 5
5 ,67 3
4 ,4 3 9
1 ,4 8 0
1 1 ,5 5 5
6 ,5 2r
5 5 .0 3 0
5,48(J
1 1 0 ,4 1 5
10 ,1 3 2
9 ,7 5 3
4 6 6 .1 0 0
4 1 9 .4 0 0
5 6 6 ,0 8 3
3 0 9 ,0 0 0
2 6 3 ,2 3 5
6 6 9 ,6 3 7
8 2 6 ,8 5 3
3 1 0 ,8 0 0
4 6 3 ,3 0 0
3 9 1 .1 0 0
2 8 6 ,5 0 0
4 5 6 .4 0 0
4 7 4 ,9 6 2
4 5 3 ,6 3 2
5 9 6 .4 0 2
3 2 2 ,0 5 2
2 9 6 ,2 4 2
6 7 8 ,9 3 6
8 3 9 ,6 7 4
1 ,2 1 9 ,9 6 7
8 4 0 ,2 5 0
1 ,1 6 1 ,9 6 1
6 7 7 ,6 9 5
7 2 2 ,2 4 9
r o t . l 2 mop
2 2 4 .2 0 / 2479,002 2 ,7 0 3 ,2 0 4 2 ,8 5 5 ,6 1 4 5 .4 2 8 ,4 0 8
8 ,2 8 4 ,0 2 2
D E B T
14*
732000
637
207006
63580(
210151
1996 0 9
493800
S T A T E M E N T
D ECEM BER
31
1902.
T he follow in g statem ents of the p u blic debt and Treasury
cash holdings o f th e U n ited States are m ade up from official
figures issued D ec. 31, 1902. F o r s t a t e m e n t o f N o v . 29, 1902,
s e e C hronicle Dec. 6, 1902, p a g e 1233 ; t h a t o f D e c . 31, 1901,
s e e J a n . 18, 1902, c a g e 132,
INTEREST-BEARING DEBT DECEMBER 31, 1902.
Title o f L o a n -
In terest A m ou n t
p a y a b le . issu ed .
Consols of 1930.....
Ȥ, Loan of 1908-1918..
4b, Funded loan, 1907..
4s Refund’^ certiflc’s.
4b, Loan of 1925.......
5fl, Loan of 1904.........Q.—F.
2 b,
---------- A m o u n t O u tsta n d in g . --------R egistered .
i
$
415,940,750 488,275,300
198,792,660 66,038,300
740,924,800 184,632,260
40,012,760
102,816,400 01,608,760
100,000,000 11,005,050
C oupon.
$
7,066,450
41,477,300
48,540.400
20,881,150
7,720,000
Sat.
Mon.
Tugs,
Wed.
Thurs
Fri.
A
$
8 8 ,8 7 9
1 3 1 ,0 7 5
1 6 5 ,8 2 3
1 8 7 ,8 9 5
1 4 0 ,2 6 8
7 7 ,4 4 5
1 5 1 ,4 8 2
1 9 9 ,1 5 4
2 3 8 ,3 8 7
3 4 6 ,2 4 7
1 5 0 ,1 7 0
4 0 2 ,4 4 7
T o t .l 2 m o e 8 ,0 4 4 ,6 9 7 1 ,1 1 6 ,3 W4 9 .1 6 1 091 '3 2 0 ,3 4 5 2 ,2 7 9 ,2 7 2 2 ,5 9 9 ,6 1 7
GOLD.
[Vol. LXXVI,
Silver, per ou n ce.....d 2113le
Console., new,2% p.cts 9 2 %
For account............... 93
Fr’ch rentes (in Paris) fr. 99-77*1
Spanish 4s......................
Anaconda Mining....... .
5*8
Atoh. Top. <St Santa Fe.. 9 0 %
Preferred.......... .......... 10 0 **
Baltimore & Ohio......... 105
Preferred..................... 96**
Canadian P acific....... 1 4 0 %
Chesapeake & O hio.... 52*9
Chlca. Great Western.. 29
Ohle. MU. A St. P aul... 184**
Oen. & Rio G r.,com .... 42*0
Do
do Preferred. 9 0 %
42^8
Brie, common............
1st preferred.............. 7 4 %
2d preferred............... 59
Illinois Central............. 1 5 2 1*
Louisville A Nashville.. 1 3 1 %
Mexican Central.......... 27
Mo. Kan. A Tex.,com .. 29
Preferred..................... 63
National RR. of Mex... 20
Preferred.................... 38*0
N. Y. Cent’lA Hudson.. 157
N. Y. Ontario A West'n 853s
Norfolk A Western....... 1 76*0
Do
do
pref 9 5
Pennsylvania.............. 7 9 %
*Phlla. A Read.............. 3 2 %
*Phlla. A Read, ,1st pref. 4 3 %
*PhUa. & Read.. 2d pref. 3 9
68
Southern Pacific..........
South’n Railway, com.
Preferred. . . . . . . . . . . . . .
Union Pacific............... 105*0
Preferred..................... 96*0
U. S. Steel Corp., com.. 38*4
Do
do
pref.. x8 9 *0
30%
Wabash.................... —
4 6%
Do
preferred.......
79*0
Do
Deb. “ B” . . . .
Price per share.
21%
2 1%
2 1%
2 1ll ie 2 1U
933ie
9 2 7e
92 7s
93%
93 30
93
93
935 18
9 3 B i,
9 9 -8 0 00 *0 2 % 100-05 00 -1 2 % 0 0 0 7 %
5“
91*4
10 2 %
105
96*4
1 40%
5 3 78
29
1 85%
42
90
4 1 7e
74%
59
1 52%
1 32%
27
30
63*0
*5“
89%
5“
89%
5“
893s
5“
90%
10 2%
104
97%
139%
54%
28%
183%
41
90%
40%
72%
58%
152%
131%
26%
28*s
63
102
102
102
103
96*0
139%
52%
28%
182*0
41
90%
40%
72%
58%
152
ISO
26
28*0
61%
19
37%
155%
34
7 5 7e
95
79
31%
43 %
39
66%
104%
96%
1 39%
5438
28%
183%
40%
90%
4 0 7a
73%
58%
152%
131
26%
28%
61%
19%
38%
157
35*0
76*0
95
79%
32%
43’e
39
68 %
103*0
96%
129%
53%
28%
183
41*0
90%
40%
73%
58*0
152*0
1 80%
26*0
2 8 78
63
19*0
38*0
156
34
76
96
79%
31*0
43%
89
66%
156
34%
76
95
79%
31%
44
38%
66%
38%
156
84%
76%
95%
79
S1 V
44%
38%
66%
105%
96*4
383e
90
31
46%
80*0
104%
96
37%
8938
30
46%
1 79
16 4 ’ *
104%
96%
38%
89%
29%
47
79%
104%
97
38
89%
30%
46%
79
20
96%
37%
89%
30
45%
79%
88
20
(Tommevcial and ilXisccllancoxisglctus
D I V I D E N D S .
lo ta i.
%
445,940,750
97,615,060
233,178,650
31,230
118,489,900
19,385,050
Per When
Cent Payable
Name of Company.
Railroads (Steam)
Central RR. of N. J. (quar.).................
Agg’te Int.-Bearing Debt.1,087,986,300 782,219,650 132,200,300 914,541,3*0 Cleve. Cin. Chlo. & St. L.( com............
Illinois Central.....................................
Note—Denominations of Bonds are :
N. Y. Chicago & St. Louis, 1st pref__
Of $10 only refunding certificates; of $20 loan of 1908 coupon and registered
do
do
do
2d pref......
Of $50 all issues except 3s of 1908; of $100 all Issues;
Northern Securities (quar.).................
Of $600 all except 5s of 1904 coup.; of $1,000 all issues;
Of $5,000 all registe’d 2s,3s aDd 4s; of $10,000 all registered bonds;
Street Railways.
Of $20,000 reglst. 4s loan of 1907 of $60,000 registered 2s of 1930.
California 8t. Cable, San Fran, (mthly)
Grand Rapids (Mich.) By., pf. (quar.).
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY
West Chicago Street Ry., guar, (quar.)
Worcester (Mass.) Rys. & Invest......
Funded Loan of 1891, continued at 2 percent, called
°V
*
B ee. 31.
Hanks.
May 18,1900; interest ceased August 18,1900
$132,700 00
$182,70000
Funded Loan of 1891, matured September 2 1891..
63,050 00
03,06000 Corn Exchange......................................
German-American............
....................
Old debt matured prior to Jan. 1,1801 ................... 1,060,000 20
1,059,90026
N. Y. National Exchange (quar.)........
Debt on which interest has ceased....................$1,256,810 20
$1,265,71026 Pacific (qnar.)................ .......................
Trust Companies.
_
DEBT BEARING NO INTEREST.
United States notes........................................................................$340,081,016 00 City........................................................
Old demand notes............ ................................................................
63,84760 Hamilton, Brooklyn (qnar.).................
Fire Insurance.
National bank notes—Redemption account.................................. 42,109 052 60
Fractional currency, less $8,375,934 estim’d as lost or destroyed 0,872,’693 08 Phenix.....................................................
Miscellaneous.
Aggregateof debtbearingno interest............................ ........$395,777,109 03 American Glue, pref............................
American
Graphophone,
pref. (quar.)..
RECAPITULATION.
Butte Electric & Power, pref. (quar.)..
^
^ r, w
D e c » 81,1902.
Nov. 80,1902.
Inc. or Dec.
Cambria Steel.........................................
Classification of Debt—
$
$
$
Clallln, H. B., 1st pref. (quar.)............
Interest-bearing debt........ 914,541,240 00 914,541,240 00
..........
do
do 2d pref. (quar.).............
Debt, Interest ceased.........
1,265,710 26
1.256,810 20 Dec.
$100 00 Colorado Fuel & Iron, pref...................
Debt bearing no interest... 895,777,109 08 896,876,819 68 Deo. 1,098,710 00 Consolidated Car Heating...... .............
do
do
do
(extra)........
Total gross debt-......... 1,911,574,069 89 1,312.072.809 89 D ec. 1,098,810 00
Cash balance in Treasury*. 864,409.380 29 364,576.588 09 Ino. 9,833,792 20 Great Northern Paper..........................
Hudson River Telephone (quar).........
Total net debt.............. 947,164,679 00 968,0 97,281 80 Dec. 10,932,002 20 Municipal Gas, Albany, N. Y. (quar.).
National Carbon, pref (quar.)..............
• Including $150,000,000reserve fund.
Procter & Gamble, com. (qnar.)...........
Pullman Co. (quar.)..............................
Quincy Mining............... .....................
Rochester <N. Y.) Gas <fc Elec., pref...
Western Teleg. & Telep., pref..............
* Transfer hooks not closed.
2
2
3
5
3
1%
Feb
Mar
Mar
Mar
Mar
FeD
Books Closed.
(Days Inclusive.)
to
Feb 1
2 Jan 27
2 Feb 10
to
Mar 2
2 Feb 3
to
Feb 23
2 Holders of reo. Jan 31*
2 Holders of rec. Jan 31*
4 Jan 28
to
Feb 4
75c. Jan 14
1^ Feb — Holders of rec. Jan 28
...........
to
1% Feb 15 Feb 6
$2 25 Feb 2 Holders of rec. Jan 20
7
3
2
2
Feb
Feb
Feb
Feb
2 Jan
2 Jan
1 Jan
2 Jan
22
24
22
21
to
to
to
to
Feb
Feb
Jan
Feb
4
2
Feb
Feb
2 Jan 29
2 Jan 27
to
to
Feb 2
Feb 1
5
On dem Holders of reo. Jan 19
4 Feb
1\ Feb
1*4 Feb
76c. Feb
1% Jan
1% Jan
4 Feb
1% Jan
1% Jan
3 Mar
1% Feb
2^ Feb
134 Feb
3 Feb
2 Feb
$2 50 Feb
3 Feb
2 Feb
2
2
31
1
2 Holders of rec. Jan 26
16 Holders of rec. Jan 31
2 Holders of rec. Jan 26
14 Holders of reo. Jan 31
to
Feb 1
31 Jan 24
to
Feb 1
31 Jan 24
to
Feb 20
20 Feb 1
31 Holders of rec. Jan 16
Holders
of
reo.
Jan
16
31
to
Mar 2
2 Feb 24
to
Feb 2
2 Jan 21
to
Feb 2
2 Jan 25
to
Feb 22
15 Feb 4
14 Holdersof rec. Jan 31*
16 Holders of rec. Jan 31
to
Feb 1
16 Jan 27
to
Feb 2
1 Jan 21
Jan
23
to
Feb 2
2
T he foregoin g figu res sh ow a g ro ss d eb t on D ec. 31, 1902,
o f |1,311,574,059 89 and a n et d eb t (gross d eb t less n et cash
in th e T reasu ry) oi $947,164,679 60.
T b e a su k y C a sh an d D em and L ia b il it ie s .—T he cash h old
in g s o f th e G overnm ent as th e item s stood D ec. 31 w e have
B rea d stn ffs F ig u r e s B r o u g h t fro m Fage 222.—The
prepared from th e T reasury sta tem en t o f th a t d ate.
statem
en ts b elow are prepared by n s from figures collected
ASSETS.
L IA B IL IT IE S .
by
N.
Y.
Prod. E xch . R eceip ts a t W estern lak e and river
7 ru st Fund Holdings—
T rust F u n d L iabilities—
Gold coin........................$883,604,009 00 Gold certificates........... $883,604,00900 ports for w eek en d in g Jan. 17 and sin ce A u g . 1, h ave been:
Silver dollars................ 468.967,000 00
Silver certificates.......... 468,967,000 00
Silver dollars of 1890....
995,833 00 Treasury notes of 1890.. 24,063.000 00
Silver bullion of 1890... 23,057.667 00
Total trust funds .... $876 574,009 uo
Total trust liabilities..sa76 674,009 uo
General F u n d Holdings—
Gold coin and bullion... $83,632,013 72
Gold certificates............ 37,146,260 00
Silver certificates.........
6,380,368 00
Silver dollars.................
830,834 00
8ilver bullion.................
879,490 70
United States notes......
2,910,158 00
Treasury notes of 1890..
132.574 00
National banknotes.... 16,261,252 72
Fractional silver coin...
0,419,205 70
Fractional currency ...
183 33
Minor coin.....................
080,783 68
Bonds and interest paid_____ 16,41810
Tot. in Sub-Treasuries.*! 54,290,632 91
In Nat. Bank Depositaries—
CreditTreasurerof U. S.$142,420.414 72
Credit U. S. disb.officers 7,790,184 00
Total in banks........... .$]6t’,210,6Vb 72
G en . F un d Liabilities—
National bank 6 per cent
fund,...............
$15,170,717 01
Outstanding checks and
drafts......... ..............
7,803,208 88
Disbursing officers’ bal
ances........................... 56 334,272 83
Post Office Department
account............
8,459,747 87
Miscellaneous Items,...2,704,744 70
Total gen. liabilities.. $wu.o»7,7di 34
Cash B alance Sc ReservedT o ta l cash and reserve. .$304,409,380 29
Made up of—
Available $214,409,880 29
and
R eserve Fund Holdings —
Reserve Fund
Gold coin and bullion... *150,000.000 or Gold & bull.$160,000,000 00
Grand total...............$1,881,081,200 03
Grand total.............. $i,331,uai,200 08
Receipts at—
JhUago......
Milwaukee
Duluth......
Minneapolis.
Toledo.......
Detroit......
Cleveland ,..
3t. Louis ....
Peoria.........
CensaB City.
F lo u r.
W h e a t.
Corn.
O a ts .
Ebls.lSQ lbs B u s h .6 0 lbs Bush. 50 lbs B u s h . 32 lbs
117,289
412,800 1,792.350 1,728,650
39,725
64,160
iro.8:o
105,800
194,208
68,383
1,523,050
70,040
317,780
74,000
801,000
61,000
57,239
80.149
4,000
02,408
14,406
270,809
10 607
53 424
716,280
802,707
29.085
300,450
20,400
879,500
44,025
203,400
0f 9.000
456,000
175,200
B a r le y .
R ye.
lbs BuM lbs.
47,408
834,890
18,000
847,700
3,044
44,076
22,240
188,620
3,200
900
B u shA Q
110,000
71,000
28,800
6,700
Tot.wk.l9C3
245,841 8,215,169 4,828,278 3,175,896 1,048.285 124,052
850,309 167.136
848,812 8.706 501 8,148,037 3,000,916
5eme wk.’f 2
879,400 113 990
207,734 8.764,718 6,018,931 3,821,858
lime wk.’Ol
Sines A u g . 1.
1902-03......... 11,068.020 178,040,748 00,914,480 08,161 938 30,278,422 6,699.680
1901-02.......
11,221,242 104 377.422 72,692 543 79,9C7.667 81,574,074 3.808,097
9,784.087 148.024.230 100,328,241 88,017,111 30 732,210 3,020.860
190C-01...
THE CHRONICLE
J anuary 24, 1903,]
The receipts of flour and grain at the seaboard ports foi
he week ended Jan. 17, 1903, follow:
* iH * w Y o r k .............. .—
B a i t o n ...................... ..
M o n t r e a l .................. .
P t l l a d e l p h l a . ..............
Flour,
hhls.
H ew O r le a n * * .............
H e w n o r t N e w * ............
N o r f o l k ..........................
B * lY * * t o n .....................
P o r t la n d , M e ...............
W heat,
bush.
448.400
71,801
.............
20,006
47 511
8*.8H4
139,006
120.480
13.054
8.695
61,082
09,186
8,871
13.729
62,721
867
.
...
34,2-14
144.700
060,932
29.812
1.107
3,812
370,892
T o t a l w e e k ........... 888 085
W e e k 1942.................... 845.010
2,010.634
1.820,839
B a r le y
Corn,
hush.
O a t* .
172,000
e*
2,120
281 3?5
660.006
12.880
484,2 >0
176,179
.............
70.100
122.070
1,500
300,000
66,184
22,545
71,185
74,098
16,788
25,576
bush.
fcu ik
174,600
4,100
9,000
4,187
.... •
126,031
4,600
8,305
.. . .
.............
. ..........
1,100
787.804
771,131
196,454 ~ 8 0 ,2 l7
4,600
87,056
Total receipts at ports from Jan. 1 to Jan. 17 oompare as
follows for four years:
B ecetft Of—
Wheat.................... bath.
C o r n ................................
O a t* ...................................
B a r t e r .............................
B y e ....................................
T o t a l g r a in ..........
••
"
••
"
“
1903.
1,201.721
1902,
1,824,323
1901.
1,287,374
10 (0.
1,014.748
0.670.913
0,531,808
2,718,043
495,112
213,058
5,101,714
1 ,0 3 1.689
2,404,404
183.828
46,308
5.988,087
14,680 523
8,914,082
659,398
148.500
4,285,184
9.P29.283
8,789.184
969,577
167.743
8,869,881
26,103,490
15.084.014
18,970,874
The exports from the several seaboard ports for the weefe
ending Jan. 17, 1903, are shown in the annexed statement:
W heat,
Emportt from — buth.
N e w Y o r k ........ 532,748
B o i t o n .............. 488,271
7,190
P o r t la n d , M e .
16,000
P h i l a d e l p h i a ..
18,000
B a l t i m o r e ........
H ew O r le a n * .. 235.800
N o r f o l k ...........
H e w o ’ r t N ew *
4»al-»e*tn n........
80,000
P o r t A r t h u r ..
61,000
S a v a n n a h ........
a t . J o h u .N .B . 870,892
C orn,
bush.
F lour,
bblt.
274,715
110,818
79.170
20 3S7
13 664
10 000
111,889
10,004
867
02,721
3,143
....
80.802
678,422
620,004
.34,284
170J7O
85,714
5
8,812
T o ta l w eek
1,827,072 1,072.000
S a m e t im e ’ 02 . 1,10a,283
238.306
827,903
8:18.822
R ye,
bush.
O a t*,
bush.
29 781
2 150
56,184
» e#- - 8,305
00
106
84.286
17,000
. . ......
P eas,
bu th
0,943
Barltt
buth.
. ..
38,088
125 903
60.983
59,690
800
0,943
28,123
The destination of these exports for the week and ainoe
July 1,1902, is as below:
.----------- Flour.------------, r- ------- W heat. ---------- , ,----------- C o r n .----------Export* fo r
Week
Since July
Week S in ce July
Week Since July
meek a n d tin e * Jan. 17. 1 .1 9 0 2 .
Jan. 17
1, 1902.
Jan 17.
1, 1902.
5 i r t . 1 to—
bble.
bble.
b14*5.
bush.
bush.
busk
U n ite d K in g d o m
C o n t in e n t .............
B. A O. A m e r i c a .
W e s t i n d i e * ........
S r. N. A m . C o lo ’ *
| O t h e r o o u n t r la *
189,860
72 9 »7
27,1 io
17.708
3 487
l e .b o i
6,886.076
1,007.810
680,705
081,230
188,203
676,610
1,085.747
44.475.087 1,172,798 9,172 308
658,968
88,028,073
740,100 0,709.028
...................................... 0,935 8 9 '6
02,430
..............
250
12,092
433.767
...................................... 1.800 1,593
101,195
88,907
1,210,928
41,798
416,982
T o t a l ...................
T o t a l 1 9 9 1 -0 2 ....
827.908
209,822
9,470,196
8,980.823
1,827.072
1,199.223
79,323,458
90,473,709
1,972 009 10,965,816
239.835 20.683,310
The visible snpply of grain, comprising the stocks It
granary at the principal points of accumulation at lake and
seaboard ports, Jan. 17, 1908, was as follows:
Wheat,
i n ite r* a t —
buth.
H ew Y o r k ....................... 8,292,000
Do
a f l o a t ............
989,000
B o i t o n . ............................
P h ila d e lp h ia .................
8 6 .0 (0
B a lt im o r e .....................
260,00c
H ew O r le a n * .................
993.00C
914,000
U a l r e i t o n .....................
53.000
M o n t r e a l........................
21.000
T o r o n t o ............ ..............
B n fla lo ............................. 4,854.00*
Do
a f lo a t ...........
200,000
T o le d o ............................
978,000
Do
a f l o a t ............
B e t r o lt .............................
580,000
Do
a f l o a t ..........
O h lo a g o ........................... 7,580,000
................
Do
a f l o a t ..........
M ilw a u k e e ....................
000,000
Do
a f l o a t ............
F t-W lll’ m A P t .A r t h u r 8.200,000
D n ln t h ,........................... 8,785,000
Do
a f lo a t ................................
M ln n e a p o ll* .................. 14,019,000
8t. L o n l i ......................... 8,700,000
Do
a f lo a t ................................
K *n *a * 0 it 7 ................. 1,779.000
620.000
P e o r ia ..............................
888,000
I n d la n a p o lle ..................
On M liiiiiip p l R iv e r .
O ern,
O a t*,
B a rit*
702,000
R ye,
bU 'h
371,000
88,000
164,000
88,000
807,000
844 000
013.000
192,000
21,000
18,000
125. U00
70 ,000
1,000
808,000
buth.
buth.
buth
50.000
5,000
820,000
3,000
56.000
85,000
1,071.000
384,000
234,000
i8,oaio
108,000
87,000
79,000
2,150.000
170.000
10,000
073,000
898,000
1,000
167,000
48,000
222.000
47,000
1,000
800.000
60.000
864.001
64,000
1,570,000
948 000
45.000
7 3 ,0 «r
86.000
437,00(
1 . 00.
886,000
404,000
110,000
70,000
899 000
10.000
00,000
1,000
...
Jan.
Jan.
Jau.
Jan.
Jan.
1 7 .1 0 0 3 .
10, I9 c3 .
18, 1002..
10, 1901..
20, 1000 .
49.727,000
60.118.000
59.273.000
01,190.000
53.563,000
7.050,000
0.995.000
11.302 000
11,74 3 000
14,100,000
4,190.800
4.537,000
4,212,000
9,541.000
5,088,000
OF THE
R EPU BLIC .
FIR3T ANNUAL REPORT OF THE PRESIDENT.
1,071,000
1 , 068.000
2,421,000
1,217.000
1,313,000
G e n t l e m e n : Your Companywas organized on the 29th d a y o f March,
1902. and began the transaction of its business on the 31st day of
March, 1902. This repoit can therefore only cover the period of nine
months ended December 31, 1902.
After providing for all expenses connected with the organization of
the Company, and of furnishing its main office and two branch offices,
one of which was not opened until January 19,1903, the net profits
amounted to *95,24.7 83. That is to say, they ran at a rate exceeding
1223 per cent per annum on the capital of $1,OjO,OoO and 8*3 per
cent per annum on the capital and surplus of $l,5O0,< 00.
The condition of the Company on December 31,1902, was as follows
Capital..................................................................$1,000,000 00
Surplus.................................................................
500,000 00
Undivided Profits...............................................
95,247 83
All of this is more particularly shown in the Financial Statement
annexed hereto. The securities are therein stated at their cost, irre
spective of the higher market values now prevailing.
Since the close of the year the affairs of the Trust Company of the
Republic have been examined by the Banking Department of the
State of New York, and the values placed upon its investments have
been approved by the Department.
The result of the first nine months’ business ought to be satisfactory
to the stockholders in vie.w of the difficulties and unavoidable delays
attending the establishment of a business of this nature, and of the
fact that throughout the later months of the year 1902 there 5vas
great stringency in the money markets of the country, and particularly
at New York.
A reference to the statements of the principal long established trust
oompanies will show that deposits at the end of the year 1902 were
less than on June 30, 1902, and in some instances very much less.
This appears 1o have been due to unusual dralts from the West and
South. Witn the return of these funds and the general increase of
deposits in New York, it is confidently expected that there will he an
increase of deposits with your Company.
The sanction of the Banking Department having been obtained, a
branch of this Company was on May 5, 1902, established at 71 Wil
liam Street. This has proved of great benefit to the Company in the
handling of that part of its business which comes in close touch with
the financial centre. A second branch was also under like authority
opened on January 19,1903, at the Waldorf-Astoria, which will be a
great accommodation to depositors in that neighborhood, and should
tend to greatly increase the business. The general affairs of the Com
pany, and particularly those relating to warehouse receipts, have
been transacted at the main office, which is located at 316 Broadway,
in the heart of the 5vholesale dry goods district.
At the time of the organization of the Company, it was published
that it would make a specialty of loaning upon guaranteed warehouse
receipts and negotiating this class of securities. The business in this
line, so far as conducted by your Company, amply indicates that it
affords a field for profitable and safe business.
The largest transaction which your Company had during the year
was in connection with the issue of the first mortgage five per cent
sinking fund gold bonds of the United States Shipbuilding Company.
In this matter your Company acted as banker in offering those bonds
to the public The whole offering of $9,000,0^0 of bonds, out of a
total authorized issue of $16,000,000, 5vas underwritten, under agree
ments between the Mercantile Trust Company of this city and various
underwriters in this country and in France The underwriting agree
ments provided that the bonds should be offered to the public through
such banker or bankers as might be designated by the Mercantile
Trust Company, and by virtue of these underwriting agreements the
Mercantile Trust Company designated your Company for the purpose
of offering the bonds to the public
The public issue did not result in the taking of the bonds offered.
They were, however, in November sold to a syndicate of bankers in
the City of New York who are now the holders of a large amount of
these bonds and of the preferred and common stock of the Shipbuild
ing Company. The practical result has been a profit to your Com
pany, which it isexpected will be very much increased upon the mar
keting of the securities which the syndicate holds. Although your
Company is not a member of the syndicate and in no respect responsi
ble, directly or indirectly, for the ultimate result of its operations, it
nevertheless is entitled to one-half of all the net profits which the
syndicate may make. When the accounts of the syndicate shall have
been dually closed, the result will be duly communicated to the stock
holders.
D a n ie l L e e o y D e e s s e r ,
President of the Trust Company o f the Republic.
O o e a n a l a n d r i v e r . ..
T b ta l
T o ta l
T o ta l
T o ta l
T o ta l
COMPANY
To the Stockholders o f the Trust Company o f the Republic:
* R e o a ip t i d o n o t l n o i n d e g r a in B a i t i n g t h r o u g h M aw O r la a n a f o r l o r e n n
(part* o n t h r o u g h b i l l * o f l a d i n g .
F l o u r ................................ b b l a .
TRUST
727
21,686
88,038
1,897.489
277,034
^Banking and fin a n cia l.
B y.
but/.
......
.............
........
,.,
8,067
191
2 .8 0 2 ,0 0
2 .603,00
2,161,00(
2 ,0 i l ,000
1,9 0,000
Main Office, 346 Broadway.
N e w Y o r k , January 21,1903.
T R U S T C O M PA N Y OF TH E R E P U B L IC .
STATEMENT DECEMBER 31st, 1902.
Auctiou Sales.—A m o n g other securities the follow ing, not
R esources.
regularly dealt in at the Board, were recently sold at
$1,001,196 82
New York City b on d s.................................
auction.
411,711 55
Other stocks and b on d s..............................
1,294,359 44
Loans on collateral........... ........................
By Messrs. Adrian H. Muller & Son:
Stocks.
S Aurora Grata Assoo’n of
B’klyn, $10 eaoh..,.$5 i4 p. s
50 Amer. Surety Co............. 172
10 Hanover Nat’l Bank__ 641
29 Atlantic Trust Co.......... 305
96 North Amer. Tr. Co.825-327
20 N.Y. Life Ins. & Tr. Co..123
10 Windsor Trust Co......... 265
10 National Bank of North
America........................ 251
50 81xth Ave. RR. Co......... 181
2 National City Bank.......315
:100 Wetnaka Rub tier Tire Co.
of Ohloago, 111. ...$249 per a
100N.Y. Steam Co__ $150fori
1
S tocks.
Bills purchased...... .....................................
Overdrafts secured.....................................
100 Internat’l B'k’gCorp’n.. 203
Cash on hand and in banks.......................
25 Chelsea Realty Co..........109 *9
Interest accrued..........................................
10 B’ way Safe Deposit Co. . 99 7o
22 N.Y. & N. J. Teieph. Co.. 1643a
100 Lawyers’ Mortgage In
surance Co............. 224I4-2 25
21 Nat’l Broadway Bank... 368k
10 Mercantile Nat’l Bank.. 3554
40 Nat’l Citizens’ Bank...... 192
Bonds.
$1,000 Atlantic Ave. RR. of
Brooklyn 1st consol. 5s,
1909, A&O...........................10508
$5,000 City of Mobile, Ala.,
5s, 1906................................. lOOte
205,150 00
23,389 55
734,424 87
19,617 93
$3,689,850 16
L ia b il it ie s .
Capital.......................................................................................... $1,000,00000
Surplus.........................................................................................
500,00000
Undivided profits.......................................................................
95,24783
Deposits...................................................................................... 2,074,64925
Interest due depositors.....................................................
19,953 08
$3,689,850 16
THE CHRONICLE
192
N e w Y o r k C it y C l e a r in g H o u s e H a n k s .- S t a t e m e n t o f
c o n d i t i o n f o r t h e w e e k e n d i n g J a n . 17, b a s e d o n a v e r a g e o f
d a i l y r e s u lt s .
We omit two ciphers (00) in a ll cases.
B A N K S.
Bk. of N. Y.
Manliat. Co.
Merchants’
M echanics’ .
A m erica___
Phoenix . . .
C i t y ...........
Chemical ..
Mercli. Ex .
G allatin__
But. <fc Drov
Mech.&Tra.
G reenw ich.
Leath.Mfrs.
7th N a t ....
Am er.Exch.
Commerce..
Broadway .
Mercantile
P acific........
Chatham...
People’ s ...
N. America
Hanover . . .
I r v i n g .......
Citizens’ ..
Nassau ___
Mar.& Fult.
Shoe cfcLtlir.
Corn Exch .
Oriental ...
Imp. & Trad
Park ..........
East River
Fourth ___
C e n tr a l___
Second . . . .
First ........
N .Y .N t.E x.
Bowery . . .
N. Y. Co ...
German Am
Chase..........
Fifth A v e ..
German Ex.
Germania ..
L incoln.......
G arfield___
Fifth ........
Bk. of M et..
W est Side..
Seaboard ..
W estern___
1st N.Eklyn
L ib erty .......
N . Y . Pr. Ex
N ew Amst.
A stor ........
Unit. States
Capital.
Surplus.
Loans.
$
2.386.0 18.179.0
2,^00,0
2.310.2 20.064.0
2.050.0
1.289.3 12.105.1
2,000,0
2,000.0
2.635.6 13.471.0
3.447.2 20.960.0
1.500.0
1,000,0
5.221.0
317.9
25.000. 0 15,394,5 120,“ 14,0
300.0
7.368.2 24.357.3
600.0
5.269.7
306.9
7.694.5
1,000,0
2.119.4
300.0
2.160.4
91,6
3.955.0
700.0
367.1
1.339.7
211,0
200.0
4.920.3
561.3
600,0
2,479.2
6.458.1
168.5
5.000. 0 3.546.3 29.141.0
10.000. 0 7.959.4 69.805.8
6.783.9
1.000. 0 1.938.8
1.517.7 13.563.1
1,000,0
3.301.0
554.3
422,7
6.085.6
450.0
1.041.4
2.120.5
373.3
200.0
2,000,0
2.026.1 16.290.8
3.000. 0 6.061.7 46.475.5
1.000. 0 1.033.5
5.911.0
1.550.0
5.838.1
632.8
500.0
2.632.4
307.3
6.181.2
900.0
1.095.2
5.165.9
1,000,0
307.4
2,000,0
3.225.5 24.681.0
1.992.0
300.0
419.2
6.433.2 22.806.0
1.500.0
2,000,0
4.624.8 48.229.0
1.180.0
149.0
250.0
3.000. 0 2.786.9 19,742,7
1.000. 0
622.6 10.018.0
9.613.0
300.0
1.222.3
10,000,0 12,831,7 78.518.9
5.535.9
500, U
357.5
250.0
2.646.0
774.3
3.850.4
200.0
611,2
3.697.0
750.0
460.1
1,000,0
3.383.9 38.965.3
9.266.8
1.591.2
100.0
2.367.1
200,0
634.7
3.124.5
200,0
837.6
300.0
1.218.8 10.283.2
6.952.8
1,000,0
1.309.9
200.0
411.2
2.273.8
8.306.5
1,000,0
1.286.9
200,0
3.131.0
490.5
500.0
1.214.3 11,738,0
2.100.0
3,336,0 39.152.5
300.0
4.323.0
550.6
1,000,0
1.805.4
8.752.8
1,000,0
4.117.9
453.3
6.549.9
500.0
577.6
4.529.0
485.9
350.0
500.0
4.145.2
488.8
Specie.
ReLegals. \Deposits s've.
P.C.
$
2.109.0 1.481.0 17.169.0 25*5
5.057.0 2.310.0 24.133.0 30-5
2.472.0 1.145.5 13.782.6 2 6 2
1.885.0 1.914.0 14.221.0 26*5
3.213.0 2.643.7 23,463,9 2 4 9
5.229.0 25*6
337.0
1.004.0
27.347.0 7.471.0 109,454,0 31*8
4,108,9 2.608.1 23.890.0 28*1
5.510.6 2 4 0
563.2
764.0
5.327.7 262
581.0
817,8
3.106.5 25*2
50,2
741.5
4.135.0 2 0 2
380.0
458.0
1.164.5 26*1
172.3
132.2
4.913.6 25*7
348.0
916.2
5.980.0 257
251,9
1.286.0
3.951.0 1.928.0 22.414.0 2 6 2
9.099.4 6.787.1 57.950.5 27*4
5.920.3 25*7
171.4
1.350.4
2.748.4 1.208.5 14.589.7 271
4.022.6 170
270.0
417.3
6.113.0 25862.4
719.7
2.737.2 261
530.7
206.3
1.550.0 1.569.6 13.010.2 24*0
8.728.2 6.140.1 54.357.8 27*3
4.987.0 23564.7
610,2
6.625.8 2 5 0
496.1
1.165.3
3.243.0 21*3
308.7
383.4
6.702.2 2 83
724.8
1.184.1
6.022.5 2 5 0
210.7
1.298.4
3.193.0 3.352.0 28.001.0 23 3
312,:;
1.964.6 28251.7
3.747.0 1.298.0 20,206.0 2414.136.0 5.414.0 61.192.0 31*9
1.435.2 29242.7
186.8
3.486.1 2,469,3 22.073.8 2 69
910.0 12.627.0 262.374.0
1.312.0 1.387.0 10.490.0 25- 7
15.461.1 2.430.0 67.491.2 26*5
5.713.7 26*4
534.5
975.0
286.0
352.0
3.005.0 2 12
4.857.2 26*1
846.6
423.3
236.4
3.586.2 22*9
584.7
9.559.5 1.906.8 45.035.9 25*4
277.1 10.135.8 2 6 0
2.368.0
165.0
900.0
3.542.7 3 0 0
698.3
4.996.4 2 23
419.4
722.7 1.513.2 10.800.6 2 07
351.2
7.109.2 25-4
1.461.1
2.591.9 28*0
140.2
586,6
967.4
9.499.0 25*4
1.454.8
386.0
402.0
3.321.0 23*5
2,284,0 1.588.0 13.884.0 2 7 8
9.568.6 3.010.9 45.775.9 27*4
569.0
4.382.0 24*5
503.0
1.508.9
325.0
7.242.8 2 5 3
309,9
3.798.0 22*5
547,3
540.3
1.356.6
7.325.8 2 5 8
710.0
265.0
4.421.0 2 2 0
1.301.9
72,8
4.430.8 3 1 0
T o t a l. . . 102,251,9 121,964,8 886,054,1 168,241,4 77,253,7 901,111,9 27*2
t Total United States deposits included $40,210,300.
R e p o r t s o f N o n - M e m b e r B a n k s . — T h e f o l l o w i n g is t h e
sta te m e n t o f c o n d itio n o f th e n o n -m e m b e r b a n k s fo r th e
w e e k e n d i n g J a n . 17, b a s e d o n a v e r a g e o f t h e d a i l y r e s u lt s .
We om it two ciphers (00) in all cases.
B A N K S.
Capi
00s omitted. tal.
Deposit icith
Sur Loans &
Leg. T.
Net
Specie.
plus. Invest
drBank Clear' Other Deposits
ments.
Notes. Agent. Dks.&c
N . Y . CITY.
Boroughs of
Man&Br'nx
$
$
$
Colonial___ 100,0 189.1 2,190,3
Columbia .. 300.0 257.4 2,900,0
14th Street. 100,0
90,4 1,745,9
Gansevoort. 200,0
54,4 1,474.4
Hamilton .. 200,0 114,1 1,904,4
250,0
Mt. Morris
94,8 2.411,1
Mutual ___ 200,0 184,5 2,157,2
200,0
19 th Ward .
179,9 1,558,1
P la za ..........
100,0 231.9 3,196,0
Riverside ..
100.0 107,9
952,6
State ........
100,0 418,3 5,801,0
1,518,0
12 th Ward . 200.0
88,2
23d Ward ..
100,0
87,4 1,238,4
Y orkville .. 100.0 269,4 1,555,1
Washington 100,0
51,0
852,4
F id e lity ___ 200,0 107,5
627,2
Y arick ___ 100,0
775,0
66,3
Jefferson .. 400.0 207,8 1,531,9
Century ...
100.0
310,9
53,0
534,0
Wash. Hgts 100,0 108,5
United Nat. 1,000,0 230,0 2,167,8
Borough oj
Brooklyn.
B e d fo rd ___ 150,0 142,8 1,350,7
Broadway . 100,0 210,4 1,599,8
Brooklyn .. 300,0 170,6 1,404,4
8th W ard...
100,0
307,7
18,1
M frs.’ N at.. 252,0 496,5 2,977,7
M echanics’
500,0 383,5 4,934,7
778,6
Merchants’ . 100,0
40,7
Nassau Nat 300,0 646,2 3,988,0
Nat. City .. 300,0 592,2 2,797,0
N orth Side. 100,0 158,8
979,1
P eoples....... 100,0 150,6 1,235,0
590,3
17th Ward . 100,0
79,8
SpragueNat 200,0 266,2 1,107,9
26th W ard . 100,0
574,3
62,3
U nion.......... 200,0 121,0 1,206,1
772,9
W allabout . 100,0
68,2
Borough o f
Richmond.
519,7
S k . of St. Is.
25,0
75.4
716,6
97,2
latN at-.S-I- 100,0
Other Cities.
Is tN t., J. C. 400,0 1,027,9 4,896,3
Hudson Co.
Nat., J. C. 250,0 626,8 2,298,2
2d Nat., J.C. 250,0 307,3 1,160,4
3d Nat., J.C. 200,0 263,1 1,181,8
1st Nt., Hob 110,0 497,4 2,399,6
2d Nat.,Hob 125,0 134,6 1,020,2
$
72.3
197.0
95,4
33,0
118,4
119,6
30.4
37,6
198 0
19,4
404,0
37,0
51,0
32,5
14,0
12,2
2,3
10.6
7,0
9,6
264,4
$
210,4
115,0
61.0
87.4
97,3
102,5
151,8
142,7
189,0
77.4
202,0
3 68.0
123,7
130,5
41,0
38,7
62,0
68,3
15,2
14,0
44,2
&
198,3
129,0
245,0
152,7
145,2
203,1
185,4
355,2
141,0
69,7
175,0
77,0
78,9
95,0
29,9
46,3
81.1
170,6
22,9
34,1
96,6
$
2,470,0
2,973.0
2,097,0
1.658,7
2,039,S
2,949,9
2,215,6
4 1,887’ 5
3,345,0
974,9
349,0 0,574,0
1,764,0
31,3 L42G,5
1,8 1,533,8
19,0
8*25,2
598,6
1,0
787,0
3 1.454,5
'215,4
389,3
1,331,2
17,7
21,3
88,8
5,2
407,0
162,9
14,8
215,0
170,0
14,8
58,8
10,4
96,9
19,3
41,7
36,9
107,8
130,5
52.0
32,8
82.4
317,7
49,4
365,0
361,0
54,7
80,8
43,9
16,0
25,8
83,5
25,5
110,5
222,3
115,0
42,7
460,5
244,1
117,7
566,0
419,0
43,1
83,2
69,1
136,2
111,6
64,8
50,2
121,8
24,3
39,1
15,0
10,0
93,0
96,7
28,5
598,0
669,1
289,8 2,614,6
974,1
8,295,3
252,1
91,3
75,6
30,6
127,2
42,6
71,4
17,4
65,3
35.7
57,8
144,3
305,1
309,9
149,5
103,0
$
150,0
3,0
100,0
11,0
5,0
53,6
1,500,8
1,787,8
57,5 1,427,7
22,0
364,0
3,555,8
30,6 5,329^3
6,7
'872,4
25,0 4,45l]0
93,0 3,280,0
67,1
925; 0
42,0 1,320,3
11,4
552,0
41,0
998,6
G.9
632,8
130,5 1.217,0
42,5
759,1
70,9
10,2
13,8
13,9
21,2
1,911.2
1,162,8
l/28o;7
2;i57i3
1,191,1
Tot. Jan 17 8,712,0 9,829,4 78,198,7 3,830,0 4,533,3 9,404,1 2,556,0 85,753,0
Tot. Jan 10 8.712,0 9.829,4 78,750,3 3,965,1 4,685,9 8,490.3 1,980,2 85,21215
Tot. Jan 3 8,712,0 9,829,4 78,859,1 3,762,3 4,644,2 100580 2,029,0 85,962,6
1
[Vol. LXXVI,
N e w Y o r k C ity , B o s t o n a n d P h i l a d e l p h i a B a n k s .— B e lo w
is a s u m m a r y o f t h e w e e k l y r e t u r n s o f t h e C l e a r i n g H o u s e
B a n k s o f N e w Y o r k C it y , B o s t o n a n d P h ila d e lp h ia . T h e N e w
YTo r k f i g u r e s d o n o t i n c l u d e r e s u l t s f o r n o n - m e m b e r b a n k s .
We om it iico ciphers (00) in a ll these figures.
BANKS
Capital <fSurplus.
Specie.
Loans.
De
posits A
Legals.
Circu
lation.
Clearings.
N. Y.
$
$
$
$
$
$
Dec 27 224.216.7 875,321,5 153.744.3 69,293,3 865,^)53,6 45.656,4 1,184,949,9
Jan 3 224.216.7 875.352.1 154,998.7 73,473,9 873,115,0 45.705.2 1.465.599.2
Jan 10 224.216.7 871.642.1 156,549,0 76.663.7 873,609,6 45,639,1 1,8*26.127,6
Jan 17 224.216.7 886.054.1 168.241.4 77.253.7 901,111,9 45.500.3 1.859.121.2
B os.
Jan 3 52.322.0 187.667.0 17.591.0 7.023.0 208,020,0 6.798.0 149,313,1
Jan 10 52.322.0 189.974.0 16.884.0 6.585.0 207.615.0 6.818.0 148,963,0
Jan 17 52.322.0 191.457.0 16.989.0 6.955.0 213.701.0 6,827,0 164,353,8
Pliila.
Jan 3 44.764.0 175.512.0
206,601,1 9.475.0 114.858.7
54.584.0
Jan 10 44.764.0 177.953.0
56.528.0
211.488.0 9.487.0 125.005.8
Jan 17 44.764.0 180.731.0
59.055.0
216.750.0 9.497.0 128,243,3
t Including for Boston and Philadelphia the item “ due tooth er banks,’ *
and also Government deposits. For Boston these Government deposits
amounted on Jan. 17 to $6,314,000; on Jan. 10 to $6,311,000.
8
I m p o r t s a n d E x p o r t s f o r th e W e e k .— T h e f o llo w in g a r e
th e im p o r ts a t N e w Y o r k f o r th e w e e k e n d in g fo r d r y g o o d s
J 5a n . 15 a n d f o r t h e w e e k e n d i n g f o r g e n e r a l m e r c h a n d i s e
J a n . 16 ; a l s o t o t a l s s i n c e b e g i n n i n g fir s t w e e k J a n u a r y .
F O R E IG N IM PORTS.
For week.
7
9
Dry Goods...................
General Merchandise
8
Total..........................
0 Since Jan. 1.
Dry Goods...................
General Merchandise
1902.
1903.
Total 3 weeks..........
1901.
1900.
$3,092,560
6,981,654
$2,638,350
8,389,485
$2,967,054
8,016,222
$2,365,346
7,679,667
$10,074,214
$11,027,835
$10,983,276
$10,045,013
$9,933,378
25,942.382
$8,091,119
24,973,202
$7,273,113
25,096,403
$8,333,420
20,781,258
$35,875,760
$33,064,321
$32,369,516
$29,114,684
T h e im p o r ts o f d r y g o o d s fo r o n e w e e k la te r w ill b e fo u n d
in o u r r e p o r t o f t h e d r y g o o d s t r a d e .
T h e f o l l o w i n g is a s t a t e m e n t o f t h e e x p o r t s ( e x c l u s i v e o f
s p e c ie ) fr o m th e p o r t o f N e w Y o r k t o fo r e ig n p o r ts fo r th e
w e e k e n d i n g J a n . 19, a n d f r o m J a n u a r y 1 t o d a t e .
E X P O R T S FROM N E W Y O R K FOR T H E W E E K .
For the week..............
Previously reported..
1903.
1902.
1901.
1900.
$10,834,299
23,265,391
$12,704,270
17,971,662
$12,606,364
21,426,703
$12,386,442
24,662,380
Total 3 weeks.......... $34,099,690 $30,675,932 $34,033,067 $37,048,822
N ote .—A s the figures of exports as reported by the N ew York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount “ previously reported.’*
T h e fo llo w in g ta b le s h o w s th e e x p o r ts a n d im p o r ts o f
s p e c i e a t t h e p o r t o f N e w Y o r k f o r t h e w e e k e n d i n g J a n . 17
a n d s i n c e J a n . 1 ,1 9 0 3 , a n d f o r t h e c o r r e s p o n d i n g p e r i o d s in
1902 a n d 1901.
E X PO R TS A N D IM PO RTS OF SP E C IE A T N E W Y O R K
expo r ts .
G old.
Week.
Great B rita in ................
F rance.............................
G erm an y........................
W est Indies...................
M exico.............................
South A m erica..............
A ll other countries......
I mports.
Since Jan. 1.
Week.
Since Jan. 1.
$245,110
$300
$27,314
$2,200
23,164
1,500
1,800
14,011
23,423
8,960
1,800
Total 1903................
Total 1902................
Total 1901................
S ilver.
Great Britain.................
France ............................
G erm a n y ..... ...................
W est Indies...................
M exico ...........................
South A m erica..............
A ll other countries........
$300
527.000
1,664,672
$27,314
1,296,300
1,687,612
$28,664
27,906
14,480
$293,310
28,800
193,678
$424,100
$1,379,900
15,876
795
4,213
$64,133
1,000
$300
78,416
1,000
Total 1903.
Total 1902................
Total 1901................
$424,895
79.2,020
1.115,966
$1,399,989
J,797,832
2.522,756
$65,133
55.869
14,066
$79,716
74,391
150,423
O f t h e a b o v e i m p o r t s f o r t h e w e e k in 1903, $2,200 w e r e
A m e r i c a n g o l d c o i n a n d $1 ,0 0 0 A m e r i c a n s i l v e r c o i n .
A u c t i o n S a l e s .— S e e p a g e p r e c e d i n g .
■
■1 ■■
-
-
=
?
ganhitiQ and fin a n c ia l.
Spencer
Trask
&
C o.,
BANKERS,
2 7 Sc 2 9 P I N E S T R E E T ,
-
NEW
YOKE*
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
IN V E S T M E N T S E C U R IT IE S .
Members N. Y. Stock Exchange.
M
o
f
f
a
t
*
Branch Office, 65 State S t , Albany,.
&
W
h
i
t
e
,
M em bers N ew Y ork Stock Exchange,
1 NASSAU STREET, CORNER W ALL,
D e a le r s In I n v e s t m e n t S e c u r it ie s .
Tel. 5820-5821 Cortlandt.
T e le p h o n e S :o ck 9 a S p e c ia lly .
J a n u a r y 2 4 , 1903.J
THE
C H R O N IC L E
193
Wabash debenture Bs were also depressed, both issues losing
about 2 points.
United States Bonds.—The only sale of Government
( y F or Dividends see page iqo.
bonds at the Board this week was $500 3s, coup., 1918, at
W A L L S T R E E T , F R I D A Y , J A N . ‘J 3 , 1 9 0 3 . - 5 F . M .
107%. The following are closing quotations; Tor yearly
The Money Market and Financial Situation.—The shell range see third page following.
ing of Fort Pan Carlos in Venezuela by the German war
In terest J an .
Jan.
Jan.
Jan.
Jan.
Jan.
ships has excited considerable comment this week and has
20
P e r io d s
17
18
21
22
23
had the effect of increasing the quietude on the Stock Ex
*1
09
*1
09
*1001,
*109
2a,
1
0
3
0
.
*1
09
|*109
change. The advance in the dividend rate on Northern 2a, 1 9 3 0 .
—Jan *1 09
*1 09
*109
*109
*109
*109
Securities shares from a basis of 4 per cent per annum to 2a, 1 93 0 ,sma_L r e g iste re d Q...............
......
......
.....
......
...... ......
_____
_____
......
......
4% per cent has been a favorable development, though 2a, 1 930 ,s m a ll___ co u p o n , . „ . mm. . . . . .
Q — F e b * 1 06 34 *106*4 * 1 0 7 1, *107
*107 ! *107
Sa, 1 9 1 8 .
these shares are not dealt in on the Exchange but still re 3s.
Q — F e b *107*4 -107*4 *107*« *107*4 *107*4 *107*4
1018.
__ __
_____
main in the outside market. The decison of the Appellate 3a, 1918, sm aL L reglstered Q - F e b
......
......' ......
1918, s m a ll___ co u p o n Q —F e b ‘ iO flis *106>, *1 08 1 , *1061, *1 00 1 , *1 00 1 ,
Division of the Supreme Court of this State declaring the 3a,
*109*4 "109*4 ‘ l l O S *110
*1 10
*1 10
4s, 1 9 0 7 .
corporation franchise tax law, enacted at the time that i s , 1 9 0 7 .
-1 1 0
*109*4 *109*4 * 1 10
*1 10
*1 10
*1341,
"13
4
>
,
*1341,
*1341,
4s,
1
9
2
5
.
*
1341
,
'
* 1341,
President Roosevelt was Governor unconstitutional, nas been
4s, 1 92 5 .
• 1 5 6 1, *1301, *1301, *1361, *1 30 1 , *1 30 1 ,
received with much satisfaction.
-1 0 3
ts, 1004.
*102*4 *102*4 *103
*1 03
*103
*104
*104
* 1 0 4 14 *1041, *1041, *1 04 1 ,
The open market rates for call loans on the Stock Exchange 5 8 .1 9 0 4 .
■This Is the price bid »t the m orn ing board; no sal* was made
during the week on stock and bond collaterals have ranged
from 2% to 4% per cent. To-day’s rates on call were 3% to 4
Railroad and Miscellaneous Stocks.—The volume of busi
per cent. Prime commercial paper quoted at 5@5% Per cent.
ness transacted on the Exchange this week was small, trans
The Bank of England weekly statement on Thursday actionsaveraging about 450,000 shares per d^y. Values, while
showed an increase in bullion of £1,284,307, and the percent firm on Saturday, became weak and irregular on Monday
age of reserve to liabilities was 46'05, against 44T4 last week, and Tuesday. The market was firmer on Wednesday and
the discount rate remaining unchanged at 4 percent. The a number of gains were recorded; on Thursday, owing to
Bank of France shows an increase of 5,050,COO francs In gold the disquieting news from Venezuela, it again became dull
and 975,000 francs in silver.
and irregubr.
Dulness continued on Friday and prices
The New York City Clearing-House banks in their state showed a decided weakness later in the day. St. Louis &
ment of Jan, 17 showed an increase in the reserve held of San Fraricisco issues developed strergth, the common ad
$12,282,400 and a surplus over the required reserve of vancing from 71% on Monday.to 79 on Friday; a reaction
$20,217,125, against $14,810,301) the previous week.
later in the day, however, sent the price down again to 76;
the second preferred, after making h gain of 3% points to
Differences
1902
1901
1903
from
74%, reacted on Friday to 71%. Erie issues were weak, clos
Jan. 18
Jan. 19
Jan. 17
previous week
ing from 1 to 2 points lower than last week. Great North
ern preferred showed considerable strength, and closed with
$
9
9
$
83.822.700
74.222,700 a gain of 5% points.
102,251,900
C a p ita l...................
Probably the increase in the dividend
100,765,700
92,267,500
121,904,800
S u r p lu s .................
Loans * discounts 880.054.100 I n c 14,412,000 867,529,100 830.873.400 on Northern Securities stock was a stimulating influence
31,995,600
30,973,200 in this instance.
138,800
45,600,300 Deo
C irculation............
Rock Island issues were lower. Atchison
N et d e p o sits......... ‘ 901,111,900 In o 27,602,300 938,722,200 921,787,200 issues were fairly steady and closed around the same prices
177,165.300
184.652.800
S p e cie ..................... 168,241,400 In o 11,692,400
76.676.700
73,050,000 as last week. Union Pacific common was weak, closing
690,000
77,253,700 In c
Legal tenders.......
about 2% points lower than on Saturday; the preferred
245.495.100 In c 12,282,400 253.742,000 257.703.400
R eserve held.........
234,680,550 230.446.800 shares were strong and gained about a point.
*25 p. 0. ot deposits 225,277,976 In o 0,875,575
Among the industrial stocks, International Power dis
19,001,450
20 217,126 In c 5,408,825
27,256,600
Surplus reserve
played the greatest strength early in the week, advancing
* $40,210,800 United States deposits lnolnded, against $40,176,^00 last
week. W ith these United States deposits eliminated, the snrplus reserve 12 points to 77; on Friday, however, it followed the course
w ould be $30,289,700 on Jan. 17 and $24,854,360 on Jan. 10.
of the market and reacted to 69. United States Steel issues
n o t * .— R eturns ot separate banks appear on the preceding page.
were steady. Colorado Fuel & Iron common was irregular,
Foreign Exchange.—The market for foreign exchange was and closed 3% points under Saturday’s figure.
firm this week for long sterling on account of lower dis
For daily volume o f business see page 202.
counts in London and easier for short bills and cables. Con
The following sales have occurred this week of shares not
tinental long bills were steady. The market was not very represented in our detailed list on the pages which follow.
active and the supply of bills was only moderate.
Sales
STOCKS
To-day’s (Friday’s) nominal rates for sterling exchange
Bang* for W**k
for
Bange Year 1802.
were 4 84@4 81% for long and 4 87%@4 88 for sight. To-day’s W eek E nding Jan 23 Week
(Friday’s) actual rates were 4 84@4 8410 for sixty day, A m e r ic a n B e e t S u g a r ... 200 2 6 J a n 23 27 V a n 21 3 0 J ’ ne 30 Deo
700 18 V a n 20 19 J a n 17 , 18 D eo 21 N ot
b a lm e rs C o...........
4 8695@4 8705 for sight and 4 8740@4 8750 for cables. Com A UP ls-C
r e fe r r e d ..........................
200 86 J an 21 86 V a n 19 J 80*gD ec 8 2 1s N ot
mercial on banks, 4 8370@4 8380, and documents for payment, A m e r A g r lo u l C h e m ica l. 175 23 V a n 21 23 V a n 21 ' 21 M a r 3 2 V ’ l7
A
m
.
8
te
e
l
F
o
u
n
d
r
ie
s
200 19 J a n 20 19 Jan 20 j 12 D e c 15 Deo
.......
4 83@4 84. Cotton for payment, 4 83@4 83%; cotton for
P r e fe r r e d ..........................
100 66 J a n 22 66 Jan 22 ‘ 50>4Deo 70 Deo
acceptance, 4 8370@4 8380; grain for payment, 4 83% @4 84.
B n tte r ic k C o.......................
600 53 J a n 20 53 V a n 17R 41 J ’ ne 53 Sep
To-day’s (Friday’s) rates for Paris bankers’ francs, long, C o m m e rcia l C a b le ............ 700 172 V a n 17 1 76 Jan 20 150 M ai 180 Oct
100 62 V a n 20 62 V a n 20 ! 6 0 V D e c 67 V i a r
G e n e ra l C h e m ic a l.............
5 18^V@5 18%*; short, 5 16%f@5 16%. Germany bankers’
100 100Van 23 l O O V a n 23
P r e le r r e d ..........................
9 8 V ’ ne 103 Sep
L
a
cle
d
e
G
a
s
........................
marks, long, 94%@94 13-16; short, 95 l-16@95%f. Amsterdam
70 D e o 92 Sep
100 85 J a n 23 85 J an 23
114
M
o
rris
&
E
s
s
e
x
.................
20
195
J an 1981oA p r
1
94
J
a
n
193
J
a
n
22
bankers’ guilders, long, ^f39% @3915-16; short, 40%**@40%H.
N Y D o ck , p r e f ................... 275 51 J a n 21 62 V a n 22 3 9 V e b 643<Sep
Exchange at Paris on London to-day, 25 francs 15 cen Q u ic k s ilv e r M i n i n g ........ 700 l 3*J a n 21 2 J an 20 2 O ct 438Mar
times; week’s range, 25 francs 15% centimes high, 25 francs TT 8 R ed u o * R e tv , p r e f 300 65 J a n 20 66 Jan 20 1 57 Sep 68 M ar
14 centimes, low.
Outside Market.—Trading on the curb, outside of the
The week’s range of exchange rates follows:
dealings in several of the leading securities, has been light
- Cables. -Long.- Short.this week Traps ctions on Saturday were on a fairly large
Sterling Actual
4 8760
a 4 8710 I 4 8750
4 87
H ig h ... |4 84
® 4 8410
scale, and prices ruled firm. A broader and more active
4 8750
a 4 87
| 4 8740
4 8 690
L o w .... I 4 8375
a 4 8385
market developed ou Monday, and values generally reached
Paris Bankers’ I'rancs—
a higher level. There was a material falling off in dealings
H ig h ... |5 18*4
a 5 18 V
5 16q ® 5 15h8I
on Tuesday, and most of the active issues declined sharply.
a 5 161*
5 16 V
L o w .... I 5 183*
a 5 18 V
While the market was less active ou Wednesday, prices
Germany Bankers’ Marks—
H ig h ... I 943*
a 94^16
95V * a 953i8
continued to recede, though changes were largely fractional.
95H0 ® 95 *« 1
L o w .... I 943*
a 9413i6
Dulness continued on Thursday and Friday, and prices
Amsterdam Bankers’ Guilders—
displayed
some irregularity, in sympathy with the move
H ig h ... I 39V1 a 391*16 I
4 0 V I a 403ie 1
.............................
ment on the Stock Exchange. Northern Securities was
L o w .... I 3 9 V
a 39i®ie I40V * a 40V I
.............................
the feature of the week. Opening at 113, it advanced to
* Leas lie ot 1%. t Less 13a of 1%. t Less 3sa ot 1%. )[ P lus h e ol 1%.
* * Plus 13a of 1%.
116% on Monday, but declined the following day to 113%;
The following were the rates of domestio exchange on subsequently, however, when the dividend rate was in
New York at the under-mentioned oities to-day: Savannah, creased, it again moved up to 116; on Friday, when the
buying % off, selling par; Charleston, buying 1-16 discount, whole market reacted, the price dropped to 113%. There
selling 1-16 premium; New Orleans, bank, §1 premium; was a heavy demand for United Railways of San Francisco,
commercial, 15c. discount; Chioago, 35c. premium: St. subscriptions resulting in an advance from 47% to 50; the
Louis, 25@35c. premium; San Franoisco, sight, 1233 c. close was at 49%. Another important it o dent was the
premium; telegraphic, 15c. premium.
continued display of strength early in the week in Havana
State and Railroad Bonds.—The only sale of State bonds Tobacco shares; the common opened on Saturday at 54 and
on the Exchange this week was $10,000 Tennessee settle by Monday had moved up to 59%. A reactionary tendency
appeared on the following day, and the price steadily de
ment 3s at 96%.
The railroad bond market, though strong at times, again clined to 53%, at which it closed Friday. The preferred ad
displayed irregularity this week. Oregon Short Line 4s and vanced from 66% to 67%, but later fell off to 663% Stand
Participating gained over a point at one time. This ad ard Oil was weak, declining from 744 to 736. The close was
vance was due to the fact that the increase in the Northern at 737. The Electric Vehicle shares displayed increased ac
Securities dividend to 4% per cent will on February 1 of tivity and strength in the early part of the week. The com
next year entitle the holders of these participating bonds to mon, after a gain of 2% points, to 9%, reacted to 8, and
an extra payment of % of 1 per cent—that is, the bonds closed the week at 8%. The preferred advanced from 11%
will get just what is paid ou Northern Securities stock, by a to 16%, but subsequentl}7 dropped to 13, and closed 1 point
pledge of which the bonds are secured. Atchison bonds higher. British Columbia Copper, after a decline from 5%
were steady. Mexican Central 1st incomes were weak and to 4, closed the w-eek % point higher, at 4%.
Outside quotations.will be found on page 202.
fell off about a point. Toledo St. Louis & Western 4s and
j a n k e r s '
(fia z e tU .
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G
STOCKS—H IG H E S T A N D L O W E S T S A L E P R IC E S
Saturday
Jan. 17
M onday
Jan. 19
Tuesday
Jan. 20
Wednesday
Jan. 21
Thursday
Jan. 22
F rid ay
Jan. 23
TW O
PAGES
STO CK S
N E W Y O R K STOCK
EXCHANGE
R a ilr o a d s .
41
*39
41
*39
41
*39
39% A nn A rb o r .......................
*GS
70
*68
70
09
69
Do p re f........................
*68
69%
86% 88%
87% 8 8 % 8 6 % 8 8 % Atch. Topeka & Santa Fe.
8 6 % 87%
99*4 99%
99% 99 *•» 99% 99%
99% 99%
Do p ref.......................
1 0 0 % 1 0 1 % 1 0 0 % 1 0 1 % 1 0 0 % 1 0 1 % 1 0 0 % 1 0 1 % O a 1tim ore & O h io ..........
96
96
I > Do pref.........
*94
94%
94% 94%
94% 95
67 % 6 8 %
67% 6 8 % B rooklyn Rapid T ransit..
67% 68*4
67% 69*8
127% 127% Buffalo Roch. & P ittsb’ g
*127 128% *127 128% *127 128
*144 150 *144 150 *141 150 *145 150
Do p r e f...
135 136% 136% 136% 135% 136% 135 136 / Canadian P acific............
75 Vvanada Southern............
*72
75
74
74
74% 74% *73
$ 189% 189% *185 190
187%187% *185 190 Central of N ew J e rs e y ...
50% 53%
53% 53%
51% 52% Chesapeake cfc O h io.. . . . . .
51
52%
34% 35 Chicago & A lto n ...............
34% 34%
34 % 35
34% 35
72% 72% *71
72% *71
72%
71% 71%
Do p re f.......................
205 205
208 208 *190 210 *190 210 Chicago ~<fc East’ n Illinois
133 133
134 134% *130 135 *120 133
Do p ref........................
27% 27% Chicago Great W estern ..
27% 27%
27% 28
27% 28
*89% 91
*89% 91
*89% 91
*89% 91
Do 4 p. c. debentures
*82% 85% *82% 85% *82% 85%
*84
86
Do 5 p. c. pref. “ A ” ..
4 3% 4 4 %
4 3% 4 4 %
43% 44%
42% 43%
Do 4 p. c. pref. “ B ” ..
177*4 178% 177 178% 177% 178% 177 178% Chicago M ilw. & St. Paul.
192 192 *191 194 \190%190% 192% 192%
Do pref........................
*221% 223% *220 224 ♦2 2 1 % 224% *221 225 Chicago *tfc N ortli W estern
Do pref
Chic. R ock Is l’d & Pacific
160 162 *160 162
162 162
* i 50 100
162 162 * i6 0 i*63 Chic. St. P. Minn. & Om.
•190 195 *190 195 *190 195 *190 195 *190 195 *190 195
Do p ref........................
18% 19%
18
18
18% 18%
18
38 % Chicago T erm ’l Transfer.
*18
19
18
18
34% 34%
35
35
35
35%
34% 34%
32% 34
33% 34%
Do prfcf........................
12
13% Chicago YJn ion T raction .
14% 15
12% 14%
12% 13
16
16%
14 % 16 %
47
47%
Do p re f..
95% 95% Cleve. Cin. Chic. & St. L.
*96
98
*96
98
*96
98
*96
98
*'95
98
*110
120
*116 123
118 118 * 1 1 0 1 2 0
Do pref.
29
29%
29% 30 Colorado & So., vot. trust
30
30% *29% 30*- *29% 30*4
29
29%
*70% 71
70% 70% *6 9 % ‘ 70 4 *69
70% $70% 70% *69% 71
Do ls t p f. vot. tr. cfs.
44% 44%
45
45
45
45
45% 45%
45
45*4
44% 44%
Do 2d pi. vot. tr. ctfs.
171% 171% 172 173% 171 172
172 173
172% 174% lAelaw arecfc H udson ___
173% 176
272 272 *.........272
•271 274 *2 7 L 274 *271 274 *269 275
i^ e la w . Lack. & W est’ n.
41
41
40
40
*39% 40%
39% 40 D enver & R io Grande___
40% 41
39% 40%
8 8 % 88%
88% 88%
88
88
88
88%
88% 88%
88
88
Do p re f.......................
*45
46
*45
46
*44
47 Des M oines & Ft. Dodge.
*45
46
*45
46
•45
46
17% 18
17% 17% *17% 18
*17% 18
17% 17% Detroit South.vot. tr. ctfs
18
18
*34
36
♦34
36
*35
35%
36
*34
36
Do pref. vot. tr. ctfs.
35% 35*4 *34
89% 89%
89% 89% *89
89%
89% 89% Detroit U nited..
*89*4 90
18% $16% 16% *17
17% Duluth So. Shore & A tl..
18
18
17% 18*4 *17% 18% *17
*27
28
26%
2 0 % 26%
27
27
26% 26% *26
27% $26
Do p ref........................
39% 41
38% 40 % 38% 39%
39% 40% L % ie....................................
40% 41%
38% 39%
7038 7 1 % 1 j Do 1st p ref..............
70% 71
72% 72%
71% 72%
69% 71
70*4 71%
56% 57%
57% 57%
56% 5 7 4
55% 57%
56
58
57
57%
Do 2d p ref.................
6 8 % 68%
68 % 68%
69
69
69
69% * 6 8 % 69
68
6 8 % Evansv. & Terre H aute..
*88
93
*88
93
*88
92
*88
93
*88
92
*88
93
Do p ref........................
*62% 64%
64 % 6 6
6 6 % *66
6 6 % *64
6 6 % Ft. WorthtfeDen. C.,stmp.
66
6 6 % *66
206% 209 *204% 209 Great N orthern, p ref.......
203% 205
205 206
207% 2 0 S% 205 206
Green Bay<fe W ..deb. ctf.A
24% 24%
24% 24%
24
24%
24% 24%
24% 24%
Do
deb. ctf. B
105 105*4 104 105% 104 105
103% 104% 103 103% 101% 103% I T ocking V a lley ..............
97 ^ 97 s8 97% 98*4 *97% 98
97% 97% *97% 98
*97% 98
H Do p re f........................
148 12 143=8 148% 149% 147%148% 147% 148% 148 148% 147 % 148% j llinois Central...............
44% 45% *43% 45% 1 ow a Central....................
45
45
45
45
44
44%
44
44%
*73% 75
*73% 75
74
74
72% 73%
*75
76
Do p ref........................
* 7 5 12 76
*46
47
47
*44
46
47
*46
47*4 *46
*46% 47*4 *46
JVanawha cfe M ichigan..
79% 80
79% 80%
79% 79%
79
79% *Vo.Ft.S.c&M .,tr. cts. pfd
*78^2 79*2 *78% 79%
34% 35%
34% 35%
35% 36
35
35%
33% 35%
34% 35% Kansas City So. vot. tr. ..
60
61
59% 60
60
61%
60
61
60% 60%
59% 60*4
Do p ief. vot. tr. ctfs.
33% 35%
35
36
34
34
34
34
36% 36% Keokuk & Des M o in e s...
*33
35
*56
65
*56
65
*56
65
*56
65
*56
65
*56
65
Do p re f........................
50
50
50
50
*47
50
51
51
*50
52
*45
50
T ake E%ie & W e ste rn ...
•113 123 *113 113 *113 120 *113 120 *113 120 *113 120
Y j Do pref....................
L. Shore & Mich. Sonth’ n
80
80
*78
82
*78
82
*78
82
*78
82 Long Island........................
*80
82
128% 129% 127 129% 126% 12S*4 126% 128
127 128% z l 2 3 % 125% L ouisville & N a sh v ille...
153% 154% 152*8154*4 152% 154% 152% 153% 151% 152 % 150% 152
v ra n h a tta n E levated ...
*127 128% 126% 127
126% 128 *125% 127 *125% 127
124% 126% ^ i-etrop . Secur., sub.rec.
140% 140% 140 140% 138% 140% Metropolitan Street.........
141*4 141% 140% 141 % 141 142
*36% 38
*35% 38
*35
38
*35% 38
*35
38 Met. W est Side El. (Chic.)
*87
89
*87
88
* 8 6 % 88
*8 6 % 88
Do p ref........................
88
88
25% 25%
25% 25%
25
25% M exican Central...............
26*4 26%
26
26%
25% 26
*130 150 *130 150 M ichigan Central..
*130 140 *125 150
*107 i ‘0 9% *108 109% *108 109 *107% 109% 108 108 *107% 108 M inneapolis & St. Louis.
*117 121 *116 1 2 1
*117 122 * 1 1 0 1 2 1
Do p ref..............
*116 1 2 1
72% 73% *72% 75
72% 73 Minn. S.*P. & S. S. M ane.
73% 74%
m 34 7434 74% 74%
122 123 * 1 2 1 126 * 1 2 0 126
*123% 126 *123 127 *123% 127
Do p ref........................
27% 28%
27% 28
28% 29
28% 29
27% 28*4
27% 27% Mo. Kansas & T ex a s.......
60
61
60
60%
61% 62
61
61
Do p ref........................
61*4 62
60% 61*4
112
112*4 113% 1 1 2 % 113% 1 1 1 % 1 1 2 % 1 1 0 % 1 1 2 % 1 1 1
1 1 0 % 1 1 1 % M issouri P acific...............
*106 1 1 0
*109 110
109 109
*105 % 110 *106 1 1 0
*106 1 1 0
VJ ash. CJiatt. & St. Louis
19
19%
19
19%
at. of M ex., vot. tr. ctfs
19
19%
19*4 19%
18% 19%
18*4 19*4
38%
37% 37%
*37% 38% *37
36% 37%
37
37%
Do pref., vot. tr. ctfs
37 x4 37
151% 152 N. Y. Central & H udson..
152*4 133
152 153*4 151*4 152*4 151 152% 151% 152
44
44
*43
44
42% 43%
42
42% N. Y. Chic. & St. L o u is...
44% 44% *43% 44
*115 120 *116 1 2 0
*115 120 *115 120
117 117
Do 1st p re f.................
116 116
*83
87
85
86
80
8 6 % *84% 8 6 % *83
Do 2d p re f.................
86
87
86
*221 223% *222 223% 5 2 2 1 % 2 2 1 % 223 223 *222 223
N. Y. N. Haven & H artf.
32% 33%
34% 34%
33% 34%
33
33%
33
33%
32% 33% N. Y. Ontario & Western.
74% 74%
74% 75%
73% 74%
73% 74%
73% 74%
73% 74% N orfolk & W estern ..........
*90
93
93
93
*90
93
$93
93
$93% 93%
93
93
Do adjustment, pref.
*68
71
•68
71
68
68
*68
70
*68
71
*68
70
|pacific Coast C o..............
*98 105
*97 105
1 Do 1st p ref.................
*98 105
*98 105
*98 105
*96 105
*72
76
*71% 76
*71
76
*71% 75% *71 % 76
*71
76
Do 2d p ref.................
155*8155 *2 154*4 155% 153% 154% 153%154% 153% 154% 153% 154% Pennsylvania.....................
*37
40
*37
40
*37
40
*37
40
*37
40
37
37 Peoria &, E astern..............
*80
82
81% 81% *80
82
*80
82 Pere M arquette.................
*81
82
*83
86
Do p ref.......................
*82
86
*82
86
*82
86
*82
86
*90
95
*90
94
*90
94
*90
94
*92
94
*90
94 Pittsb. Cin. Chic. & St. L.
115 115 * 1 1 1 1 2 0
*112
120
*110
120
♦ llo 12 0 * 1 1 0 1 2 0
D o p re f.......................
62% 62%
60% 61%
60% 62%
61% 62%
61
62% O ea d irig , v o t’g tr. ctfs..
61% 62%
*86
87%
*86
88
87
87
*86
88
87
87% JL tlstpref. vot. tr. ctfs...
86
86
76
76
74% 74%
74
74
2 d pref. v o t’ g tr. ctfs.
74% 74%
*75
50
60%
47% 49
48% 49
47% 50%
47% 48%
47% 49 Rock Island Company___
82% 8 2 % 81*4 32%
80% 81%
80% 81%
80% 81
Do p re f........................
81
81%
69% 70
70% 70%
70% 70% Rutland, p r e f ....................
68
70
69% 70%
69% 70%
*14
16
*14
16
*14
16
*14
16
O t. Joseph<£Gr’d Island.
*14
16
*14% 16
$58% 58% *55
58
*66
58
*55
58
*55
56
*54
57 ^ Do 1st p re f.................
*24
25
*24
25
Do 2d p ref.................
-23% 25
25
*24
25
24% 24% *24
*39
41
39% 39%
*68
69% * 6 8
69 %
88*4 8 8 %
87*4 89%
99% 1 0 0 % 99% 100*8
1 0 2 % 102% 1 0 1 % 10 2 %
*94
94% $ 943a 94%
67*4 6 8 %
68*4 6 8 %
*127 ........ *127 ........
•147 ........ *145 .........
137% 137% 136 137%
*72
78
•73
78
186 188
188 190
52
53%
51*4 52
35
35%
35*2 35%
71% 72%
72% 72%
*190 214 *190 214
•130 135 *130 ........
27% 28%
28
28%
*90
91
•89% 91
*84
85% *84
86%
44 *.j 4 6 *4 43% 46%
179% 180% 178% 18 0 %
•193 194% *193 194%
224 224% *223 224%
*39
BANKS
AND
B id A sk
B anks
Banks
NEW YORK B id A sk C i t y .............. t310 t315%
ColonialH . . . 375
A m e r ic a !). . . 545 560
Columbia!] .. 350
A m er E x ch .. 270 280
A s t o r ............ 750 1 0 0 0 C om m erce... 1330 1335
B ow ery D ___ 325 ____ Consolidated 2 0 0 207
B roa d w a y . . . 1368% •. . . •. C’rnE xchgen 440
East R iv e r .. 160
B utch ’ s & Dr 150 170
Equitable . . . 115
C en tra l......... 170 180
F idelity!]___ 190
Century H— 175
Fifth A v e !].. 3700 4000
C h a s e .......... 700
F ifth ............. 375 425
C hatham ___ 350 365
775
C hem ical___ 4300 4350 F irst....... .
14thStreetl|. 2 0 0 300
Citizens’ ....... 1192
* B id and asked prices; no sales w ere made on this
1 Sale at Stock Exchange or at auction this week.
TRU ST
C O M P A N IE S — B R O K E R S ’
Range for P revious
Sales 01 Range tor Year 1902
On basis of 100-share Lots
Year (1 9 0 1 )
the
Week
Lowest
Shares
H ighest
Lowest
H ighest
100
100
158,540
15,250
41,009
1,380
56,440
100
31,175
200
3,118
171,650
2,900
720
300
300
19,625
li,3 0 0
106,250
304
300
50
650
50
1,400
2,200
17,500
100
200
2,500
190
1,400
7,445
200
2 ,0 0 0
1,500
1,400
100
514
410
345
231,300
46,200
15,000
3,600
1,411
4,500
46
3,700
2,400
8,230
1,340
310
2,508
5,700
10,800
3,500
500
100
15,100
95,010
3.700
14,550
100
6,420
100
1,475
300
7,300
4,300
136,300
100
7,210
1,300
15,362
1,600
200
1,600
155
32,200
29,575
670
200
49,900
100
300
100
171,800
700
500
181,550
12 ,2 2 2
3,900
200
20
600
33
63
F e b 20 4834 M ayl6
Jan 9 77 *s May 15
74 *4 Jan 27 96% Sep 9
95 % Jan 27 106 *8 Sep 2
92% D ec 12 118*2 Sep 10
92 Dec 15 99 Sep 19
5 4 34 N ovl4 72 n8 J ’ly 21
110 Aj)r 4 128 Aug26
139 A pr 2 145 Sep 19
112% Jan 28 145*4 Sep 3
71 D ec24 97 May22
1S5 N ov2o 198 Jaii 6
42% D ec 12 57% Sep 3
2 9 % D e c l5 45% J ’ly 16
68
N o v l2 79 J ’ly 17
13434 Jan 21 2 2 0 34 J ’ ly 30
136% Sep 13 151 J ’ly 1
22 Dec 12 35 Aug20
89% N ovl4 95*4 J ’ nelO
81% D ec 22 90*4 J ’ no24
33 D ec 12 5134 Aug20
160% Jan 27 19834 Sep 20
186 Jan 14 2 0 0 34 Sep 20
204% Jan 14 271 A pr 2 9
230 Jan 18 274*2 A pr 29
152 Jan 15 206 Sep 22
140 Feb 6 170*2 A pr 30
19478 N ov28 210 A p r l5
15 D e c l l 24 7e A u g l9
29 Deo 12 44 Sep 10
1 0 34 Jan 8 23 A pr29
4 4 34 M arl5 60 A pr28
93 N ovlO 108,38A u g 8
118 Jan 2 1 124 *8 Sep 2
14% Jan 15 3534 J ’ly 17
59% Jan 15 79 *2 Aug 11
28 Jan 14 537a Sep 2
153*2 N ov l4 184*2 Jan 7
231 N ov 8 297 Feb 4
35 *8 D ec 15 5134 Aug21
86*2 D e c l5 96% Aug21
35 D ec 12 53«a J ’ ly 11
13 Feb 3 25 Sep 2
26 D ec 15 48*4 Sep 3
75 J ’ne 2 97 Sep 2
10 Jan 15 24 Aug27
183s Jan 14 3534 A pr 9
28% D ec 12 44% Jail 2
60*2 Dec 12 7534 Jan 2
41*2 Deo 12 6334 Jan 2
50 Mar26 74 % Mar 7
82 May 2 9 10434 Feb 27
30 Jan 2 67 *2 D ec 5
181 *2 Mar 5 203 D ec 31
70 Jan 11 90 May 2 2
9 Jan 8 29*2 Oct 20
66
Jan 15 106 Aug 8
81 *8 Jan 14 9838 Dec 20
137 Jan 14 173*2 Aug2 7
35*8 D e c l5 51% Aug21
65 N o v l4 90% A pr28
33% Jan 25 50*2 Aug 14
75 D e c l5 88 A ug 1
19 Jan 15 39 Aug25
44 Jan 14 6234 Aj)r21
13 Jan 15 41 Sep 10
45 Jan 2 84 A pr22
40 Dec 12 71 *2 Jan 3
120 Oct 8 138 Feb 6
325 A pr 7 340 A pr25
7 2 % N o v l8 91 % May 2
102 *8 Jan 27 159*2 Aug20
128 M a rl 2 158 N ov24
109 *2 May 19 134*2 J ’ly2 3
135 Oct 13 174 Feb 5
35 Dec 12 43 Jan 6
89 Mar 3 9134 Mar22
20% D ec 12 31 *8 Mar31
2150 Mar 7 192 A p r 29
105 Jan 27 115 A p r 19
118*2 Jan 22 127% A pr 28
36 % Jan 2 84 N ov 1
90 Jan 14 139 Sep 12
22 *2 Dec 12 3534 Sep 10
51 Jan 13 69% Sep 10
9 6 34 Mar 11 125 *2 Sep 10
80 Jan 24 122 A p r 2 2
c ! 4 D e c l5 2 1 34 Sep 4
3 1 34 Dec 15 45% M arlS
147 N ovl4 168% Jan 2
40 N ov l4 57% A ug 8
10*2 N o v l5 124 *2 Jan 27
80 N ov l5 100 Aug 7
209*2 Jan 3U 255 A p r 28
25 % D ec 12 37% Sep 8
55 Jan 14 S0% Oct 17
90 Feb21 98 J ’ly 23
65 D e c l l 81*2 Sep 20
1 0 0 *2 Jan 6 106 Mar 2 5
72*4 D ec 23 84% Sep 8
147 Jan 14 170 Sep 4
30 N ov l4 47 *2 A pr 9
71 Feb 15 85*2 Sep 10
80 May 17 93 Sep 8
80 *8 Jan 7 105 % Sep 4
113 Mar25 128 May 14
52*4 MarlO 7 8 *2 Sep 3
79% MarlO 90% Sep 10
60 Jan 14 80% Sep 11
33 *2 D ec 12 50*8 Dec31
71 X o y U 85*2N ov26
64*2D ecl5 125 A p r 23
10 D e c 26 24*4 A ug 2 9
49 34 D ec 30 81 *2 Sep 19
24% NovlO 42 Sep 2
20 Feb
50 Sep
42% Jan
70 May
81% Jan
83% Feb
55% Oct
77 Mar
116 Mar
87 May
54% Jan
145% Jan
29 May
27 Ma>
72% Jap
91 Jan
1 2 0 * 2 Jan
16 Jan
90 J ’ly
75 May
41 Dec
134 May
175 May
168% Jan
207 Mar
116% Jan
125 Mar
180 Mar
1 0 * 2 Jan
28% Dec
12 Jan
58 May
73 May
115% Jan
6 % Jan
40 Jan
16*2 Jan
105 May
188*4 Jan
29*2 Jan
80 Jan
18 Jan
14*4 Dec
36 Dec
75 Oct
4 *2 Feb
13% Jan
24 % M ay
59% Jan
39*4 Jan
41 Jan
81 Jan
17 Jan
167% May
65 Jan
7 *2 Jan
40 *2 May
69% Jan
124 May
21 J an
48 Jan
21 Jan
7 7 * 2 Dec
13*2 Jan
35 Jan
5% Jan
24 Jan
39% Jan
108% Jan
2230 A pr
67 Jan
76 May
83 May
N ov
Deo
91 J ’ne
108 May
114*2 May
97 J ’ne
8 8 % A pr
122 Nov
146 N ov
117 % M ay
89 N ov
196% Deo
52% May
50*2 A pr
82% Apr
140 N ov
136 A pr
27 N o v
94% Mar
90 *2 J ’ ne
56 Mar
188 May
200 May
215 May
248 A pr
175*4 J ’ ne
146% N ov
201 A pr
31 A pr
5 7 * 2 A pr
20% May
60 M ay
101 N ov
124 N ov
18 A pr
60 Deo
28% A pr
185*2 A pr
258 Deo
53 *2 May
103*4 J ’ne
45 J ’ne
17 Deo
40% Deo
82 Aug
1 2 * 2 J ’ne
22 *2 Sep
45 *2 J ’ne
75 Deo
62% Deo
68
A pr
95 A pr
36 A pr
208 Mar
67% Feb
11 *2 A pr
7 5 * 2 Deo
88*2 Deo
154% J ’ne
43% J ’ne
87*2 J ’ly
41 J ’ ne
81*4 Deo
25 A pr
49 A pr
18*2 Oct
4 5 * 2 Sep
76*2 N ov
135*2 Sep
2355 N ov
90 Deo
111% J*ne
145 Deo
150
27
May
Jan
7 9 * 2 Jan
12% Jan
107% Mar
67% Jan
101% Jan
15 May
49 A pr
15 Jan
37 May
69 Jan
270 J ’ne
c 3% Jan
J'ne
Nov
Sep
May
Nov
1 1 1 * 4 J ’ly
124*2 Oct
36*4 Nov
94% Nov
35% A pr
6 8 % A pr
124*2 J ’ne
282*4 Nov
15 *4 Oct
139% Jan
16 May
97 Mar
47 Mai
2206*2 Feb
24 May
42 Jan
82 Feb
52 Feb
89 Feb
63 Jan
137 May
14% Jan
33% Jan
72 Jan
57 Jan
Jan
88
24 *2 J an
65 May38 Jan
174*2 N ov
57% Sep
120 Sep
95 Sep
217 J ’ne
40*2 May
61% N ov
92*4 N ov
78 Dec
103*2 Dec
83 N ov
161% Apr
50 Sep
94 Nov
86 J ’ ne
81 Deo
113 Deo
58 Deo
82' Deo
64% Deo
34
66
177
41
93
30
180
97 Nov 112% N ov
7 % J an 15*4 J ’ne
55 Oct 78*2 J ’ne
•17 Dec 36 J’ne
Q U O T A T IO N S
B id I A sk
B id A sk
B id A sk
Banks
B id A sk
B anks
Banks
Banks
Plaza!].......... 600 ........
Nassau!] ___ 195 205
Leather M fr. 280
F o u r th ......... 230 240
Prod Exch!] . 170 180
N ew Ainster 540 575
L i b e r t y ....... 600
G a lla tin ....... 425 435
Riverside!] .. 300 I ....—
L in coln ........ 1050 1150 N ew Y ork Co 1500
GansevoortH 140
Seaboard ___ 600 .........
N Y N at Ex. 275 300
G a rfield ....... 500
Manhattan!!. 325 340
Second ......... 650 .........
N ew Y o r k ... 335 345
German A mil 160 170
M arket &FuJ 262 272
Seventh ....... 117*2 122%
19th W ard!,. 150
German Ex!| 350
M echanics’ . 285 295
Shoe<fe Leth. 190 210
N orth Am er. 1251
Mecli cfc Trail 160 170
Germania^ .. 600
S ta te!].......... 700
180
N orth ern ___
M erca n tile.. t355%
G reenwich !| 350
12th Ward!]. 125 135
Oriental!]___ 215
M erch E xch . 165 175
Hamiltonlj .. 170
125
Pacitic!|....... 240
M erchants’ .. 185 195
H anover....... 1641
U nited.......... 1255 135
P a rk ............. 650
Imp & Trad. 650 670
Metropnew',, 500
UnitedStates 600
Irv in g ......... 235 245
People’s!]___ 285 300
Mt M orrisli.. 220 240
V an ck !|....... 210 225
M utual!]....... 275 . . . . . . P lie n ix ........ 130 140
J efferson !]... 160 175
day. $ Less than 100 shares. ? E x rights. -,|State banks, a Ex dividend and rights, b N ew stock.
s T rust Co. certiticates.
c Includes, prior to May 17, deaLings in old Mex. Nat. trust reoeipts.
23d Wardn..
January
24,
S tock R e co rd — Concluded— Page 2
1903.]
STOCKS—H IG H E S T A N D L O W E S T S A L E P R IC E S
Saturday
Jan. 17
M onday
Jan. id
Tuesday
Jan. 20
Wednesday
Jan. 21
Thursday
Jan. 22
lY ld a y
Jan. 23
STO CK S
N E W Y O R K STOCK
EXCHANGE
7 2i« 7 2 4
7 5 4 79
724 754
7 6 4 784
82
*79
81
79
79 4
8 0 4 8 0 4 *79
704 714
70 Hi 71
714 744
7 1 4 74
28
2634 27 4 ♦27
27 4 27 Hi 27
274
62 4 * 617a 62 4
61
62
6 1 4 62 4 *61.
64
6530
63 7a 6 5 4
6 4 4 65 4
634 654
34 78 35 4
35
35 Hi 3 4 4 3 5 4
344 354
95
95 4
944 954
94 Ha 9434
95
954
*94
4
95
95
96
4
♦95
98
*94
95
40
40*4 41
39 4 4 0 4
40 4
39*8 40-\
124 124 *124 126 *124 126 *124 126
3 5 4 * ......... 35
35
35 43 0 4 314
30
304
3 0 4 314
3 0 4 30 4
45
454
4 4 4 45 4
*45
464
45 4 45 4
119Ha 120 $119 4 1194 120 4 1 204 1204 1*324
St. Louis & San F ran .......
Do l s t p r e f ...............
Do 2d p re f.................
St. Louis Southw estern..
Do prof.
Southern Pacific C o ........
Southern v.tr. cfs. etmped
Do pref.
do
\f
O stock tr. p.tfs
r|'exas <fe P acific.............
1 bird A venue (N . Y .)...
Toledo Railw ays & Light
ToL St. L. tfe W. v. tr. ctfs
Do pref. vot. tr. ctfs.
Tw in City Rapid Transit.
Do p re f........................
r fm on P a cific...................
i ‘o 2 34 i ’0 3 4 101 °8 103 4 101 1017e 1 0 0 4 102 4 1 0 1 4 102 4 10078 102
94
94
94
94
944 U Do p re f........................
9 8 Hi 94
93Ha 9 4 Jb 94
944 944
21
21
*19
2 1 4 ♦194 2 1 4 * 20
U n itR y sln v ’t of SanFran
217ft 2 17h 21 Hi 21 Hi 21
63 " *61
* 61
62
62
62
62
63
*62
63 “
62
62
Do* p ref........................
29
29 Ha 2 8 4 29
29 4 2 9 4
30
304
29
304
2 8 4 2 9 4 \\J abash............................
45
44
46
45
4534
45 4
45 4 45 4
4 4 4 4 4 7e
4 4 4 4 5 4 VV Do p re f......................
25
25 W heeling & Lake E r ie ...
25
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2 5 4 25 4 * 2 5 Hi 2 6 Hi * 2 5 Ha 26 4
254
Do l s t p r e f .................
*68
59 4
58 Ha 58 4 *57 Ha 59 4 *57 4 59 4 * 5 7 4 59 4 * 5 7 4 5 9 4
*35
36
Do 2d p re f.................
34 4 35
*344 354
35 Hi 35 Hi 34 78 35 4 *34 4 3 5 4
2 6 4 27 W isconsin Cent. v. tr. cfs.
2 6 4 27
2G78 27 Hi 2 6 4 27
2 6 4 27
2 6 4 ‘27 4
53
54
53
53
52 4 5 2 4
Do pref. vot. tr. ctfs.
62 4 524
5 2 4 53
624 534
In d u strial
.U iscell
4 dams Express.
*220 235 *200 225 *205 225 *200 220 *200 220 *205 225
63
64 4 /A m algam ated C op p er...
634 644
633s 6 4 4
6 3 4 65
6 2 4 64 4 a:634 63 7e
*4
i4
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L
4 Am erican B ic y c le ............
4
4 * .........
4
4
"4
34
4
Do p re f........................
4
4
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34
*4
4
*8
4
4
40
4 0 4 Am erican Car & Foundry
4 0 4 41
40 4 41
40
40 7s 4034 4134
40 4 4 1 4
92
Do p ref........................
914 914
9034 9034
9 0 4 9 1 7e *91
9 0 Hi 9 0 7e * 9 0 4 91
44
44
*43
45 Am erican Cotton Oil.......
454
*43
45
4 4 4 44 34 *43
434 434
*95
98
Do pref
*95
97 4 *95
97 4
40
*36
40 Am erican Dist.Telegraph
*39
40
*39
40
*38
40
$ 4 0 4 4 0 4 *37
*220 235 *220 240 *220 235 *220 235 *220 235 *220 230 Am erican Express
284
27 4 274
2 7 4 2 7 4 Am erican Grass T w in e ..
27
274
27 Ha 2734
27 4 27 4 *27
■*934 10
934 9 78
94
94
94
94
94
9 4 Amer Hide & Leather___
- 9 4 10
*35
36
*35
36 ’
3 6 4 3 6 14 * 3 6 4 3 6 14 *35
36
*364 364
Do pref .
11
114
107a 1O70 1 0 4 1 1 4
114 114
11
1 1 4 Am erican I c e ....................
11*4 11 Hi
*41
42
41
Do p ref........................
39 4 394
41 Hz 41 7e 41Hi 4 i 78 4 0 4 4134 41
18
18
18
18 Am erican L inseed............
18
18
18
18
174 174
174 174
*43
*43
46
46
46
*13
46
Do p re f........................
45
45
474 * 4 3 4 474
294
29 7s 30
29 Hi 3030
2 9 4 29 4
2834 29 70 29
2 8 4 29 4 Am erican L o co m o tiv e ...
93
93 4
9334 9 3 4 $94 4 9 4 4
Do p re f........................
9 3 78 94
94
94
94 l8 9 1 4
*44
5
*434 5
*434 5
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*44
5 ” Am erican M alting ..
Do p re f.........! .............
*23
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23*4 23 a4 *23
24
23 4 24
234 234
2 ;-; >4 2 3 14
44
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4 4 4 45
44
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4 4 4 444
94
944
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9 4 4 $927s 9 2 78 *93
9 4 4 94 4
*
127 * .........1274 Am erican Snuff.
V ........ 127 H
i * .........127 4 * .........127
9 7 4 97 4 * 9 6 4 9 8 4
Do p ref........................
9 6 7s 9 8 4
* 9 6 4 97
9 7 4 9 8 38 9 7 ^ 9 7 %
1311s 13134 1 3 0 4 131 °« 1 2 9 4 1 3 0 4 12878 130»8 1294 130 4 1 2 8 4 1 3 0 4 Am erican Sugar Refining
*120 121 -120 121
1 2 L 121 *120 4 1 2 1 4 * 1 2 0 4 1 2 1 4 * 120 122
Do p ref........................
Amer. Teloph. & T eleg
1654 1654
*12
14
*13
14
*13
14
* 1 3 4 14
*13 4 14 Am erican W o o le n ........
12 Hi 13
*78
80
*77
SO
80
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78Hi *78
* 7 7 4 78 4 *77
96
96
97 4 97V,
96
9 6 4 d Anaconda C opper..........
95
954
97 Hi 97 Hi 96
964
L>rooklyn Union Gas___
225 225 *220 228 *220 226
*225 235 *225 235 *222 235
-11 io 12 4
JL>mnsw. Dock G Tmp’t
1134 1134
l l 3i H 34
74
75 / Colorado Fuel tfe I r o n ...
73
764
7 4 4 77
73 4 7 3 3s
76 4 7 7 4
7 4 4 77
Do p re f........................
*120 130 *120 130 $123 123 *120 130 *120 130 *120 130
20
*18
2 0 4 Col. & H ock. Coal & Iron.
19 Vj 19 *a *19
*20
2 0 4 *19
20 Hi
194 194
216 219
21834 21834 21634 218
216 217x4 2 1 5 4 2 1 6 4 215 2 1 7 4 Consolidated Gas (N . Y .).
117 117 *1 1 6 4 1 1 8 Continental Tobacco, pref
117 117 Hi 117 118
11634 117 *117 118
3 3 4 33 L
33
33 4 Corn P rod u cts...................
3 3 4 3 34
334 334
3 3 Ha 3 4 4
3 3 4 31
8 3 4 8 3 4 *83
844
Do p ref........................
84
85 4
8334 8 4 4
8434 8 5 4
844 844
*1 3 7 4 1 4 0 *1 3 7 4 1 4 0 Diamond M a t c h ...............
*1374140
140 ‘ 140 * 1 3 7 4 1 1 0 ' *137 4 1 4 0
$30
$30
31
3 1 4 Distillers Securit’s Corp.
*32
33
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32
32
32
3 1 4 *31
186 186 *185 187 General E lectric............ 7.
1 8 6 1a 187
1 8 6 4 1 8 6 4 186 187 *185 187
1778 17 7s | nternational P aper.......
*18
19
1 7 4 18
1734 1734 * 1 7 4 1 8 4
18 4 1 8 4
72 4 723« i Do p ref........................
73
*72
73
* 7 1 4 72 4
7 2 Ha 7 2 Hi *72 4 7 2 4 *72
69
71 International P o w e r.......
65
70
72 >2 *71
71 4 73
72 4
7 1 4 7 1 4 *71
*44
47
*46
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*46
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*44
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*44
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4 4 4 4 4 4 Internat’ l Steam P um p..
*82
90
*82
90
*87
9 0 1, *85
90
*82
90
*85
90
Do p ref.......
*12
15
*12
15 Manhattan B each ..
15
*12
16
*12
15
*11
14 Hi *12
*4534 46
4 5 4 4534
*4534 46*4
45 78 45 78 46
464
46 4 464 \Tational B iscu it............
Do pref........................
*104 108 -104 108
1 0 5 4 1 0 5 4 *105 1 0 5 4 105 105 *104 108
27
27
27
27
27 4 National Lead....................
27
274
27 4
* 2 6 4 27
* 2 6 4 27
92
*89
92
Do p ref........................
92
92
*91 4 9 2 4 *91 Hi 93
9 1 4 9 1 4 *90
*170 175 N ew Y ork Air Brake
*170 175
174 174 *172 175
1744 1744
*116 118
*116 120 *117 119 *116 119 ♦116 119 -116 119 North Am erican Co., new
*40
41
*40
404
3 9 4 394
40
4 0 4 L)acific M ail___1...........
3 9 4 40
103 *810378 1 0 3 4 1034 103 4 1 0 4 4 17 eop. Gas-L.t& C. (Chic.)
1 0 4 4 1 0 4 4 104 104 Hi 1 0 3 4 1 0 4
63 7a 64 4
64
643s
6 3 7s 6 4 4 Pressed Steel Car..............
64
644
6 4 4 64 78 64 Ha 65
94
94
94
94
94
94
Do p re f........................
94
94
94 4 9 4 4
9 3 4 94
*233 236 $234 236
234 234 *233 237*2 *233 236 *232 236 Pullman Com pany............
* 3 3 4 334
*33
3 4 Hi *33 4 34 Hi * 3 3 4 34V>
3 1 4 33 4 I > ail way Steel Spring.
85
85
TV Do pref........ 7___ / . . .
*85
86
*86 “ 8 6 4 $87 ' 87
85
8 5 4 ♦84 4 85 4
21
2 1 4 R epublic Iron & S te e l. . .
2 1 4 22
21 Hi 22
21
214
214 214
21*8 2 2 4
79
79
Do p re f........................
7 8 5a 79
7 8 4 79
7 8 4 79
78 7a 79 Hi
784 784
2 4 4 25 R ubber Goods M fg ............
23»4 25 *8 25
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23Hi 2 3 Hi 2334 24
2 3 4 2 3 7s
79
794
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*7 7 Hi 7 8 4
78
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7 8 4 79
7 9 4 794
784 784
62
62 Hi
66 4 67 4
63
66
67 4 6 8 4 *Moss-Sheftield St. & Iron
65
6634
6 3 4 65
*91
9234
93 4 O Do p re f........................
9234 93
9 3 4 93 4 *92
* 9 1 4 93 4 * 9 1 4 9 3 4
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54
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*5 Hi 6
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54
54
54
62
62 4
62
62 Hi 6 1 4 62
61
63
62 4 6 4 4
62 4 644 Tenn. Coal, Iron & H R ...
*39
40 Texas Pacific Land T rust
*39
40
*39
40
*39
40
*39
40
*39
40
144
Tnion Bag & P aper.......
14
14
14
15
* 1 2 4 12«8 *14
144 *14
1 4 4 15
78
78
78
78
C Do p ref........................
*78
79 ; 78
78
*78
79
*78
79
m
*11
13
U. S. Cast 1. Pipe & Foun.
*49
53
Do firef...*...............
141 142
1 4 0 4 1 4 0 4 £139 1394 United States E x p re ss...
$141 Hi 141 Hi *142 i*45 *142 145
1 2 4 1 2 4 United States Leather___
12 4 1 2 4
1234 12 78
124 124
1 2 4 1234
* 1 2 4 12®4
8 6 4 89
Do pref........................
88Hi 89
♦88a4 89
8 8 4 89
8 8 4 8 8 4 *88 4 89
2 6 4 27
254 264
2 5 4 26 U S Real tyefeConstruction
2 6 4 27 Hi 2634 27 Hi 2 6 4 2 6 4
Do p ref........................
7034 7134
704 704
714 714
70
704
71
714
704 704
17
17 United States R u b b er...
17 “ 17 '
17 ' 1 7 4 $ 16 7g 16 4
174 174
Do pref........................
55 4 55 4 * 5 5 4 5 6 4
56
56
$554 554
*55Hi 67Ha
3 7 4 37 Hi 3 6 7a 3 7 4
364 3 7 4
3 6 4 3 7 4 Unitejl States Steel..........
3 6 4 37 4
3 6 4 37 4
87
Do p re f........................
89
894
874
89
893s X867a 87 4
864 874
804 874
62
62
63 Hi 63 Hi *62 Hi 64
62
624
* 6 2 4 63
6 2 4 62 4 Virginia-Carolina Chem ..
Do p ref........................
*121 128 *121 125
1 2 2 4 1 2 2 4 *121 123
12141*214 *121 123
30
30 V ulcan D etinning ..
304 304
31
31
3034 304
Do p ref........................
81
81
81 " 81
80 4 804
\\J ells, Fargo & C o.......
*220 240 *220 240 *210 240 *215 235 *210 230 *210 230
90
9 0 4 * ▼ est’ n Union T ele’ gph
91 Hi 91 Hi
91
91Hi
9 0 4 9034
904 904
904 904
*213 215
215 215 *205 215 *200 220 *200 220 *200 220 W est’ gh’seElcfcM fgassen
*213 225 *214 220 *205 220 *200 220 *200 220 *200 220
Do l s t p r e f .................
71Hi 73*4
*79
80 Hi
70Hi 70Hi
2 8 4 28 Hi
63
63 4
657e 6 6 4
6 5 4 6 6 14
.86
3634
35 Hi 3 6 4
95 Hi 95 Hi
954 954
94
94
94
95
41
41 Ht
4 1 4 41
*126 128
124 Hi 126
36
36
36
36
31
31
3034 3 0 78
*45
47
4 4 7b 46
$1184 U8®4 11834 119
724
*78
*704
28
724
80
71
284
BANKS
B unks
W ashingt’ nT
Wash. H rhts^
W est Side^]
W estern .."..
Y orkville^l
B id
AND
C O M P A N IE S — B R O K E R S ’
B id
T ru st C o ’ s B id
Farm Lo<fcTr 1450
Manufactra’ . 325 376
A tlantic T r. t365
Fifth A v e Tr
Guaranty 'IT 710
Bowl’ gGreen 235 245
M echanical]. 2 2 0 4
Guardian Tr 200
M erchants’ .. 110 ‘
B road w ayT r. 160 170
N assa u ......... 350
C’ IR’ tyB & Tr 690
K nick ’rb’ k ’r 810
376
BROOKLYN
N at City.
290
Central T r’ st 1950 1980 Lincoln T r ... 3 9 7 4
B edford])___ 225
North Side]]. 215 230
City T r u s t.. 400
M oV ’ck ’rlity 270
Bo rou glil]..
1’nion ia.1
People’ s]'
100
410
Manhattan
206
B road w ay!.. 300
17th W a rd !. 130
C on tin en tal. 690
M erca n tile.. 1100
Brooklyn]] .. 130
S p ra gu e....... 200
Eastern T r.. 185 195
M erchants’ .. 335
8th Ward]) .. 75
26th Ward]]. 135
Metropolitan 735
Empire State 194 200
6tl\ Avenue] 120
U n io n !........ 140 160
Morton Trust 1060
E quitable Tr 550
F irst............ 375 400
W allabou t! . 105
Exchange Tr
M ut.Alliauce 270
* Bid and asked prices; no sales on this day. $ Less than 1UO shares. $ Ex rights, d Beginning
t Sale at Stock Exchange or at auction this week, o E x stook dividend. 5 T rust Oo. certificates!
Bid
200
200
570
A sk
B anks
BROOKLYN
A sk
TRU ST
T ru st C os.
N. Y. CITY
A sk
195
Range tor Previous
Sates 0 1 Range tor Year 1002
On basis ot 100-share lots
Y e a r (1 0 0 1 )
the
Week,
Lowest
Lowest
H ighest
Shares
H ighest
33,650
300
8,200
2,200
5534 Jan 2
77 Dec 12
65 *2 Dec 12
2 4 H: Dec 12
5 5 14 Mar 5
79,210 56 ' D ec 12
49,700 28 Dec 12
3,u65 8 9 \ D ec 15
600 90 May 22
14,700 37 D ec 15
800 122 Jan 8
400 32 Hs N ov i s
4,010 18Hi Jan 21
1,770 35 Jan 15
3,207 107 Jan 20
15014 A u g 5
121,150 93 D ec 12
4,590 86®sMar 6
300 20 D ec 11
400 60 D ec 12
9,450 2 1 34 Jan 14
7,700 37 D ec 12
800 17 Jan 27
100 49H2 Jan 27
SOU 28 Jan 14
4,760 1 9 ^ Jan 30
2,640 39 HaJan 24
88,345
4,800
2,700
28,925
2,460
600
20
1,671
1,050
2,480
1,350
600
100
5,800
1,760
1,000
6,310
900
870
39,820
100
160
450
1,300
100
200
9,800
50
524
4,700
1,350
18,857
1,873
100
289
1,050
1,435
460
1,100
100
1,800
200
1,400
725
200
900
4,400
9,850
1,480
291
1,300
517
15,200
3,320
12,980
1,745
6.3U0
300
100
16,210
2,300
650
685
4,360
1,405
7,811
8,498
1,060
210
53,342
26,678
1,322
475
600
200
3,750
200
$198 J ’l y l l
53 N ov 14
a4 Dec 16
1*2 D ec 30
2 8 14 A p r i l
85*4 Jan 14
3 0 4 Jan 10
86 Feb 3
3 2 4 Jan 14
210 Jan 13
27 D ec 12
8 34 Dec 12
34 " Dec 11
9 4 J ’iy 1 1
32 J ’ly lO
14 D ec 11
3 9 4 D e c l6
23 4 D ec 12
89 Jan 3
5 Jan2o
21 Jan 20
37 N oy 28
87 4 X ov28
4 0 4 Jan 22
85 Jan 13
113 N o v ll
115 Jan 2
85 4 J ’ ly 31 i 2 1 4 Jan
90 J ’ ly 30 75 J ’ly
8 0 4 J ’ ly 30| 53 4 Jan
39 A u g l3 16 May
80 Sep 9 4 1 4 Jan
8 1 4 Sep 10 29 May
41'4 A u g21 18 Jan
9 8 4 A pr 1 o' 67 4 Jan
93 N ov i;:
5 4 4 Sep 3 2 3 4 Jan
134 Feb 7 117 May
38 Sep 111
3 3 4 Oct 24 1 0 4 Feb
4 9 4 Sep 2j 28 May
129 Ang25 6 5 4 Jaii
159 4 Feb 18 147 Apr
1 1 3 4 Aug26 76 May
95 Aug29 8 1 4 Jan
247e Oct 27
66 ''N o v 1
3 8 4 Sep 10 1 1 4 Jan
54 4 Sep 10 2 3 4 Jan
3 0 4 Sep 9 11% Jan
66 A pr 29 45 May
423g Sep 10 24 May
31 Aug20 1 4 4 Jan
5738 Aug29 3 8 4 Jan
$240 Oct 2 $145 Jan
79 Feb 1 6 0 4 Dec
8 4 A pr 14
1 4 Sep
2 6 4 A pr 14 10 'S e p
3 7 4 O ct 3 19 Jan
93*4 O ct 31 67 Jan
5 7 4 A pr23 24 Mai
99 4 A pr 23 85 A pr
4 2 4 May 2 32 Oct
265 A*ig28 $169 Jan
6 2 4 Aug21 3 9 4 Dec
1 3 4 Oct 21
43 4 Sep 26
317a Jan 2 2 5 4 Oct
67 Jan 3 62 Oct
5 4 Jan
28 A pr30
58 M a rl? 31 Jan
3 6 4 A p r 29 22 4 Aug
1 0 0 4 A p r 29 83% Oct
4V Feb
7 4 .May26
29 Sep 5 2 2 4 D ec
4 94M ay 26 3 8 4 Oct
100 4 J ne23 88 Feb
135 O ct 2 26 Mar
101 Oct 2 73 A pr
135 4 MarS 1 103 4 D ec
122 Aug26 111 Dec
186 A pr 4 157 v> Nov
12 ‘ Dec 1 1 7 4 Jan 7 1 3 4 Mai
73 A pr 23 8 0 4 Sep 22 70 Mar
<280 D ec 12 146 Feb 1 2 8 4 Dec
210 Jan 4 253 Aug28 175 Jan
7 7q D ec2o I 4 4 Apr*'*3
8 4 J fln
7334 Aug22 110 4 A pr 24 4 1 4 Jan
$130 Jan 29 $140 Mar20 116 Mar
14 4 Jan 16 2478 Oct 17 12 4 Oct
205 D ec 11 2 3 0 4 A pr 25 187 Jan
114 D ec 11 1 2 6 4 J ’ lie 3 93 4 J an
2634 Dec 15 3 8 4 M ar24
795s D ec 11 90 Mar 2 5
1 3 0 4 Jan 13 139 4 Jan 2 1 2 7 4 Oct
27 D ec 15 33 Dec3ui
01704 Oct 13 334 A p r 9 183 4 Jan
16 4 D ec 12 2 3 4 Mar2U' 1 8 4 May
70 D e c l5 7 7 4 Jan 7 69 Jan
49 D ec 2 199 A pr29 5 4 4 Jan
40 D ec 12 5 7 4 M arl9 24 4 Jan
82 D ec 16 95 Oct 2| 74 Jan
9 Oct 13 19 A pr24'
8 Oct
40 N o v l2 5 3 4 Mar20 37 Jan
1 0 1 34 D ec 17 109 4 A pr 4| 92
Jan
32 Sep 26 15 Max
7 8 4 Jan 16 96 Oct 2| 7 4 4 Dec
148 M a rl? 196 A pr 21 133 J ’ly
88 Jan 28 134 Sep 3 7 3 4 Feb
37 N o v lo 4 9 4 MarlO 3 0 4 Mav
9 8 4 Jan la 109 se p 5 9 5 4 Jan
39 Jan 14 63 4 O ct 3 30 Mar
8 2 4 F eb 4 96 4 Oct 25 7 2 4 Mar
215 Jan 13 250 A pr 29 1 9 5 4 Jan
24 A p r 16 3 8 4 Sep 19
80 A p r 1 9 0 4 Oct 31
1 5 4 Jan 2 2 4 4 Sep 8
1 1 4 Sep
68 Jan 16 833s Sep 10 5 5 4 Jan
1 7 4 F eb 2 b 25% A p r 21 18 Dec
63 J ’ly 25 7 4 78 M ar22 65 Dec
2 9 4 J a n 3 83 Sep 4 1 9 4 Feb
80 4 May 19 9 5 4 Sep 9 6 5 4 Jan
4 Jan 10
3 4 Mar
8*8 A p r 29
49 4 D ec 12 74% A pr 24 4 9 4 Mar
35 Jan 15 4 4 4 F eb 18 19 Jan
1 1 4 N o v lO 1 8 4 A pr 3 12 A pr
72 Jan 16 85 A pr 5 65 A pr
1 0 4 M avl2 17 O ct 20
42 M ayl 9 59 Sep 6
97 Jan 2 160 Aug28 $53 Jan
1 0 4 D e c l5 15 4 Sep 22
7 4 May
7 9 4 Jan 21 9 1 4 Sep 22 69 4 May
20 N o v l l 32 Oct 30
6 4 4 N o v i 4 75 4 Oct 30
14 Jan 2 19% Oct 1 1 2 4 Oct
4 9 4 Dec 12 64 ~ Mar24| 47 ' Oct
2 9 4 Dec 12 4 6 4 Jan 7| 24 May
79 Dec 12 9 7 4 Jan 7! 69 May
64 Dec 12 76% A pr 2 Sj 51 J ’ly
120 Dec 12 1 3 4 4 S e p 9| 116 A pr
2 9 4 Nov 14 33 4 N ov 5
7 8 4 Oct 16 8 1 4 D ec27;
$185 Jan 24 $255 Aug2S $130 Jan
8 4 4 J ’ly 1 0 97 4 Aug26i '8 1 Jan
1 6 9 4 Jan 15 233 Sep 11 145 Nov
180 Jan 8 234 A pr 9 157 N or
564
88
764
394
71
63%
354
944
D ec
Mar
J ’ne
Apr
J ’ne
J ’ ne
J ’ ne
N ot
5 2 4 May
129 4 Jan
25 4
39 4
1094
160
133
99 4
May
May
Dec
Nov
May
May
26
464
22
604
38
26
494
J ’ ne
J ’ne
J ’ ne
Mar
Mar
J ’ ne
Apr
$202 Dec
130 J ’ ne
8 4 Apr
35 ’ A pr
35 J ’ ne
8 9 4 J ’ly
35 4 J ’ ne
91 v> Jan
40 -May
210 Nov
45 N ov
4 1 4 Mar
7 7 4 Mar
3 0 4 J ’ ly
66 J ’ly
3 3 4 N ov
9 1 4 N ov
8 J ’ ne
30 J ’ne
69 A pr
1 0 4 4 J ’ ne
49 4 J ’ ne
90 J ’ ne
153 J ’ ne
130 J ’ ly
1674 Sep
2 1 4 Jan
8 2 4 J ’ly
5 4 4 A pr
228 A pr
144 Mar
1 3 6 4 J ’ ne
1 4 2 4 Apr
2 5 4 J ’ ne
238 A pr
124 J ’ ne
1 5 2 4 Aug
2 8 9 4 D ec
28 3Iar
8 1 4 Sep
1 0 0 4 May
49 Nov
89 Oct
22 A pr
46 May
103 4 N ov
2 5 4 J ’ ne
9378 J ’ ne
175 A pr
109 J ’ ne
49 4 N ov
1 2 0 4 J ’ne
52 Jan
89 A pr
225 Oct
24
82
384
90
414
864
84
764
42
194
754
J ’ ne
A pr
May
May
A pr
A pr
J ’ ne
J ’ne
A pr
J ’ ne
Deo
100 A pr
1 6 4 May
8 3 4 Aug
34 Jan
85 Jan
55 A pr
1 0 1 4 A pr
72 Mar
125 Aug
1994
1004
180
187
Deo
May
Deo
Deo
Q U O T A T IO N S
T ru st C o ’s Bid 1A sk
’T rust C o ’ s B id A s k
BROOKLYN
N Y Life<fcTr 11236
4S0
N Y Sectfc Tr 1350 1390 Brooklyn Tr
N orth Amor. f 325 t3274 Flat b u s h ___ 175
F ra n k lin ___ 344
Real E st T r’t 400
H am ilton___ 325
StandardTr’t 390
K ings C o ___ 4 3 0 4
T r Co of Am
305
L 1st L A IT . 3*204
TrCo of R pbc 150 158
275
N assau ......... 250
Union T-uist 1410
People’ s ....... 350
U S M tg & Tr 475 501)
Unit States . 1690 1725 W iliiam sb’ g. 255
345
Van N ’denTr 260 270
1100 W ashington. 420
W indsor....... 12654
300
M arch 31 quoted per cent instead o f dollars per share,
]] Banks marked with a paragraph (]]) are State bank* j
A sk
1500
635
740
210
S3 5
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
HON OS
IT. Y. STOCK E X C H A N G E
W eek E nding j a n 23
Ui S. (lo v r n m m it
S 2s consol registered.d \930
V S 2s consol cou pon___(11930
1/ S 2s consol reg sm a ll..<£191
U s 2s consol coup small. (11930
U S 3s reg istered ............ k 1918
U S 3s cou pon .................. A:1918
U S 3s reg small bonds..A: 1918
XJ S 3s cou small b o n d s ..Icl918
U S 4s reg istered ............./tl90
V S 4s c o u p o n .................../(190
U S 4s registered................192
XJ S 4s c o u p o n ..................... 192
XJ S 5s registered.............. 1904
U 8 5s c o u p o n ....................1904
Price
Frida u
Jan 23
Hid
Q-J
Q-J
Q-J
Q-J
Q-F
Q-F
Q-£
Q-F
Q-J
Q-J
Q-F
Q-F
Q-F
Q-F
109
109
A sk Low
110
110
FOUR
Range
Year
1902
High A o Low H igh
108% A ug’02 . . . . 108% 109%
108% N ov’02 — 107% 109%
107 108 107% D ec *02
107% 108% 107% J a n ’ 03
107 J ’ne’02
106 % ........ 107% D e c ’ 02
110
111
110% J a n ’ 03
no
in
109% Jan ’03
134% 135% 135% D e c ’0‘2
136% 138 136 % N ov’02
103 104 103% D e c ’0‘2
104*4 105 103% N ov’02
F o re ig n G overn m en t
9 4 % .........
Frankfort-on-M ain 3%s ser 1.. M-S
These are price s on the Oa sis oi
U 8 of M exico s f g 5s of 1899 Q-J
1 hese a re pr
S ta te S e cu ritie s
Alabama class A 4 to 5 ___ 1906 J -J
Class 115 s......................... 1906 J -J
Class C 4 s......................... 1906 J -J
Currency funding 4 s___ 1920 J-J
DisL of Columbia 3’6 5 s .... 1924 F-A 123 % ........
Louisiana new consol 4 s.. 1914 J-J
S m a ll.................................
M issouri fu nding___1894- 1995 J -J
N orth Carolina consol 4s. 1910 J -J * 1 0 1 % .........
6 s ........................................ 1919 A -0
6 o Carolina 4 %s 20-40....... 1933 J -J
96% 97
Tenn new settlem ent 3 s.. 1913 J -J
J -J * 95 .........
Sm all.................................
V irginia fund debt 2 -3 s... 1991 J -J
J -J
R eg istered .......................
*12*4.........
6 s deferred B row n Bros ctfs.
R a ilr o a d
labama Cent See So Ky
laba Midi See Sav Fla & W
A lbany & Susq See Del & Hud
A llegheny Valley 8 'eeP en n R R
A lleg & W est See Butt R 6c P
Am D ock & Iin See Cent of N J
A nn A rb or 1st g 4 s ........ /<1995
A t c liT & S Fe gen g 4 s ...1995
Registered.........................1995
Adjustm ent g 4 s.......... h 1995
R e g iste re d ..................M 995
Stam ped................... /tl995
Chic 6c St Louis 1st 6 s ..1915
A ti K n ox 6c N or 1st g 5 s .. 1946
Atlanta 6c Danv See South Ry
Atlanta & Y adk See South Ry
Austin & N W See Sou Pacific
| >at Creek 6c S See M ich Cent
-l>alt & Ohio prior lg 3 % s . 1925
R eg iste re d ..................... /(1925
Gold 4 s ............................/M948
R eg istered ..................A1948
Cony deb 4 s ......................1911
P Jun & M D iv I s t g 3 % s l9 2 5
R e g is te re d ..................p l9 2 5
P L M W V a Sys ret 4sl941
Southw D iv 1st g 3 % s ...l9 2 5
R e g iste re d ..................7tl925
M onon R iv 1st gu g 5 s ..1919
Cen Ohio R 1st cg 4 % s .,1 9 3 0
Beech Creek See N Y C & H
B ellev & Car See Illinois Cent
Bklyn & M ontauk See L on g I
Bruns & W est See Sav FI & W
Buffalo N Y 6c Erie See Erie
Buffalo R & P gen g 5 s ... 1937
A ll & W est 1st g 4s g u ..l9 9 8
Cl & Mali 1st gu g 5 s___1943
R och 6c Pitts 1st g 6 s ...1921
Consol 1st g 6 s .............1922
Buffalo & Southwest See Erie
Buff & Susq 1st ref g 4s.tf 1951
R egistered......................d l9 5 1
B ur Cedar R & N o 1st 5s. 1906
Con 1st & col t r u s t g 5 s .. 1934
R egistered..................... 1934
C R I F & N W 1st gu 5s. 1921
M & St L 1st gu g 7 s___1927
lanada South 1st 5s....... 1908
( ^2d
5 s .................................1913
R egistered..................... 1913
Carb & Shawn See 111 Cent
Carolina Cent See Seab 6c Roan
Carthage & A d See N Y C & H
Ced R l a F & N See B C R & N
Cen Branch U P 1 s tg 4 s ... 1948
Cen Branch Ry See M o Pac
Central Ohio See Balti & Ohio
Cen R R & B of Ga col g Ss 1937
Cent of Ga R R 1st g 5 s ..p l9 4 5
R e g iste re d .....................2*1945
Consol gold 5 s..................1945
R egistered..................... 1945
1st pref incom e g 5s___2*1945
2d pref incom e g 5s___#1945
3d pref incom e g 5s___p l9 4 5
Cliatt D iv pur m on g 4s. 1951
M ac & N or D iv 1st g 5s. 1946
Mid Ga & A tl D iv 5 s ....1 9 4 7
M obile Div 1st g 5s....... 1946
Cent of N J gen’l gold 5s. 1987
R eg istered ..................7M987
A m D o ck & Imp gu 5 s ..1921
Le & H ud R gen gu g 5s 1920
Week's
Range or
Last Sale
Ronds
Sold
O C C U P Y IN G
.... 105% 109%
. . . . 105% 1 10
....
....
....
....
....
....
....
—
107 107
106% 109%
107% 112%
108% 113
132 139%
136% 139%
103% 106%
103% 106%
95% F e b ’ 02
94% 95%
lour m arks to 0 ne do liar.
1
06 10 0
90%
90%
ices o n the b asis o/ $5 to £ .
104% Sep ’ 02
109 *4 Oct ’00
102% M ar’02
111 M ar’02
126 O c t ’01
106% Oct ’ 02
109% F e b ’99
. - •• 104% 107
.... 10 2 % 1 0 2 %
.... 1 1 1 1 1 1
....
. ......
. . . . i ‘06 107
104 N ov ’ 02 . . . . 104 104%
136% J ’l v ’01
120 M ar’OO
96%
96*4 1 0 95% 96%
94% Oct ’02 .... 04
95
98% Oct ’ 02 —
95*4 99%
12
Jan 03
15%
8
A
Q-J
96 Sale
A-O 10*2% Sale
A-O’
Nov
92% 93
Nov
M-N
*92% Sale
M-S 1 1 1
J-D 114 119
J -J
Q-J
A -0
Q-J
M-S
M-N
Q-F
M-N
J -J
Q-J
F-A
M-S
94
30 95 100
215 100 105%
.... 100 105*4
97
92*4
92% 18 89
94% A p r ’02 . . . . 03% 04%
92 %
92% 70 8 8 % 95%
95*4
96*4
102%
102%
102 *8 Jan ’03
114% Oct ’02 —
Sale
94
94*8
94% J a n ’ 03
1 0 2 % Sait 102*4
103
104 S e p ’ 02
1 0 4 % ........ 104% Jan ’ 03
89
90
......... 90
96
89
111
M-S 118
A O 101
J-J *126
F-A 126
J-D
.
52
104
....
....
.13
114 % 114 %
93
06%
99%
102
104
80
97*4
97
105
104
118
93%
5 94 101
96%
35 8 8 % 91%
89
90*4 J ’l y ’02 . . . . 90*4 90*4
......... 114*4 J ’ ne’02 . . . . 114*4 114%
108 S e p ’ 02
108 108
97
Sale
96%
88%
119% 116
........
103
128% 130
125 125
D e c ’02
116
119%
A p r ’97
May’02 . . . . 128 130%
6 125% 129%
125
J -J *98 103 103 J ’ne’02
102 103
J -J *.........103%
J-D 103 103% 103
5 102% 106*4
103
A -0 1 2 1 % ........ 1 2 2
5 121% 126*4
122
A -0
124% F e b ’02 . . . . 124% 124%
A-O 1 1 4 % ........ 118 J a n ’ 02 -- - 118 118
J-D
J-J 104 ........ 103% 104*8 15 104% 107%
M-S 108% Sale 108% 108%
5 107 111
M-S •••••• •----* 106% D e o ’02 - - *- 106 106
J-D
93
.........
M-N 107 .........
F-A .........1 2 2 %
F-A
M-N 109 Sale
M-N
Oct
79 Sale
Oct
38
39
Oct
2 5 % ........
J-D
J-J
J -J
J-J
J-J 133 % Sale
Q-J *133 .........
J -J 113*4.........
J -J
93
J ’ne’02 . . . .
93
95
107% D e c ’02
122% J a n ’ 03 —
106% 109%
119% 123
108% 109
105% Sep ’ 01
78%
80
38%
39%
27 Jan ’03
92 A u g’02
108*4 Sep ’02
102 J ’ ne’99
112% A p r ’02
133% 133%
133% Jan ’03
113
113
10 0
104% 113%
29
29
••••
••••
....
72
32%
18%
91%
108*4
89%
44%
31
93%
108%
106
13 132
131
6 112%
112%
141
139*4
115
PAGES
BONDS
N. Y. STOCK E X C H A N G E
W eek E nding J an 23
Price
Friday
Jan 23
Week's
Range or
hast .sa le
Oo
Range
Year
1902
High Ao Low H igh
IBid
A s/i Loir
Central of N 6 —(Continued)
Leh & W ilks B Coal 5 s.. 1912 M-N 103 104
103 L Jan ’03 . . . . 102 106
102
102
Con ext guar 4% s___g 1910 Q-M 100 ha
100 105
N Y & Long Br gen g 4 s 1941 M-S
Cent Pacific See So Pacific Co
Charles & Sav 1st g 7 s .... 1936 J-J
109% 115
Clies 6c Ohio g 6 s ser A . . 71.1908 A -0 110% 113 ha 109% Nov *02
Gold 6 s ............................. al911 A -0 113 % 11 5 ha 113% J a n ’ 03
112 117
119
1st consol g 5 s..................1939 M-N ........ 119 ha 119
116% 123%
R egistered..................... 1939 M-N 117 hi........ 121 J ’ne’01
106% 89 102 110*4
General gold 4% s.............1992 M-S 106Q Sale 106
103 A p r ’Ol
R egistered..................... 1992 M-S
112 N ov ’02
Craig Valley 1st g 5s___1940 J-J * 1 1 0 ^ U l
108ha 116
R & A Div 1st cou g 4 s.. 1989 J-J 100 hi 102 102 Jan *08
102 ha 105%
96 Jan ’03
90 Q ___
2d consol g 4 s................ 1989 J-J
98 100
Warm Spr Val 1st g 5 s .. 1941 M-S 108*4___ 106L Oct ’02
106 *2 106%
Greenbrier R y l s t g u g 4 « ’40 M-N
Chic & A lt R R s fund 6 s ..1903 M-N 100 . . . . . . 101 D e c ’02
101 104%
83
83 ha 83% J a n ’ 03
Refunding g 3 s................ 1949 A O
82% 88
79
R ailw ay 1st lien 3 has... 1950 J -J ) 78 ha 79*4 79
78
86
83% A p r ’02
R egistered..................... 1950 J -J
83% 83%
47 102% 106*4
Chic Bur & Q consol 7 s ... 1903 J -J 101 ha Sale 101*4 102
104% A p r *00
Chic & Iow a D iv 5 s..........1905 F A
100% 103%
D enver D iv 4 s ..................1922 F-A 1 0 1 ha ----- 101% J a n ’ 03
9 6 ha Sale
96ha
96%
Illinois D iv 3 has.............. 1949 J-J
97% 103%
R egistered..................... 1949 J -J
114% A ug’02
Iow a D iv sink fund 5 s ..1919 A-O 112*4
114*4 116%
103 106
104*8 104 %
Sinking fund 4 s.............1919 A-O 104 *8
107ha 107%
N ebraska Extension 4s. 1927 M-N 107 ha
107 111%
109ha A ug’01
R egistered................... .1927 M-N
98%
100 M ar’ 02
Southwestern D iv 4 s___1921 M-S
99% 100
Join t bonds See Great North
106haHO
Debenture 5s................... 1913 M-N 107 109 107 J a n ’03
ll7ha 117%
116 1 2 2
Han 6c St Jos consol 6 s .. 1911 M-S 117h all8
110*4 26 109% H 4
Chic & E 111 1st s f cur 6 s. 1907 J-D 1 1 0 * 4 Sale 110
1st consol g 6 s ..................1934 A-O 136ha....... 136 D e c ’ 02
136 139%
10 120
121
126%
General consol 1st 5 s___193 M-N 121 Sale 121
120 D e c ’02
120 124%
R egistered..................... 1937 M-N
Chic & Ind C R y 1st 5 s .1936 J-J *120*4 120% 120% 120% ’ 1 121 % 125
Chicago & E rie See Erie
Chic In 6c Louisv ref 6 s . . . 1947 J -J 128 ha....... 132 N ov’ 02
126 132%
R efunding gold 5s...........1947 J -J I l l 114 117*2 N ov’02
113 117%
Louisv N A 6c Cli 1st 6 s .1910 J -J 1 1 1 % ___ 111*8 111*8 * 8 113% 115
Chic Mil 6c St Paul cou 7s 1905 J -J
182% 196
194*2 Oct ’02
112 115
Terminal gold 5 s.............1914 J-J n o hi,....... 113*8 D e c ’ 02
General g 4s series A ..e l9 8 9 J -J 111% Sale 111% 111*2 16 110*4 117
111 D e c ’02
111 111
R egistered................... el989 Q-J
104% Jan ’02
General g 3 has sen es B .el9 8 9 J - J
104% 104%
R egistered................... «1989 J -J
1 2 0 ha 1 2 0 %
120ha M ar’02
Chic 6c L Su D iv g 5 s ... 1921 J -J 1 1 5 % ....
L 1 7 % ....
121 ha Oct ’02
J -J
118% 124 %
Chic 6c Mo R iv D iv 5 s..
114*4 118
Chic & Pac Div 6 s ......... 1910 J-J 113% 113% 112% Jan ’ 03
116% 1 2 1 %
Chic & P W 1st g 5 s .... 1921 J-J 117*8117% U7ha J a n ’ 03
Dak & 6 t S o g 5s.......... 1916 J-J 111 ha Sale lllh a lllh a
112*4 H 5 %
Far 6c Sou assu g 6 s___ 1924 J-J 130% ......... 137ha J ’ ly ’99
120% 124
Hast 6c D D iv 1st 7s___ 1910 J-J U 9ha......... 122 O c t ’ 02
1st 5s............................. 1910 J-J 106*4........ 107% A ug’02
107% 110%
191 ha Oct ’02
182% 191%
I 6c D Exten 1st 7 s ....... 1908 J -J
116 119
LaCrosse 6c D 1st 5 s ... 1919 J -J 114*8116*2 116 S e p ’ 02
M ineral Point D iv 5 s ... 1910 J -J 1 0 7 % .... 109 Oct ’02
108*8 1 0 9 * 8
So Minn D iv 1st 6 s ....... 1910 J-J 1 1 3 % .... 113% J a n ’ 03
114 117%
113% 115
Southwest D iv 1st 6 s . .. 1909 J-J 1 1 2 % .... 112% J a n ’ 03
118% N ov ’02
W is 6c Minn D iv g 5 s ... 1921 J-J 115 ha___
116*8 121%
117 M ar’02
115 117
M il <fc N o 1st M L 6 s ... 1910 J-D 113ha. . . .
120 ha A ug’ 02
1 st consol 6 s ............... 1913 J -D H 8 h a . . . .
1 2 0 ha 123*4
134*4 D e c ’02
134 141
Chic 6c N orth w cons 7 s. . . 1915 Q-F .........135
J-D
103 N ov ’02
Gold 7s............................. 1902
101*4 104%
102 Oct ’ 02
R egistered................... 1902 J-D
101*4 104
105 D e c ’02
105 107%
Extension 4 s.........1886 1926 F-A 104
106% Oct ’02
106% 106%
R egistered.......... 1886 1926 F-A
104^ D ec *02
1987 M-N
General gold 3 has.......
102*4 106%
103 N ov’98
1987 Q-F
Registered
115*2 J ’ l y ’02
115 118
Sinking fund 6 s ...187•f 1929 A-O 114 %
R egistered..........1879 1929 A-O 112*2___ 111 O c t ’00
106ha 1 1 0
Sinking-fund 5 s ...1879 1929 A O 109 ____ 107 D e c ’02
R egistered..........1879 1929 a -o ;* io 8 % ___ 107% Jan ’ 03
105 ha 109%
Debenture 5s................ 1909 M-N I 107 109 108 J a n ’03
R egistered................. 1909 M-N ................ . 105 ha D e c ’ 02
105ha 105%
118 % N ov ’02
Debenture 5s................ 1921 A -0 112
114 118%
114 O c t ’01
R egistered................. 1921 A -0
117 ha 124
Sinking fund deb 5 s ... 1933 M-N 117 ha 121 118 Jan ’ (*3
123 May’01
R egistered................. 1933 M-N
Des Mo 6c Minn 1st 7s 1907 F-A 112*2
106 N o v ’02
106 106
M ilw 6c Madison 1 st 6 s 1905 M-S 106*4
108 O c t ’ 02
108 109%
N orth Illinois 1st 5 s.. 1910 M-S 106*2
107 Oct ’ 02
107 107
Ott C F & S t Paul 1st 5s 1909 M-S
W inona & St Pet 2d 7s. .1907 M-N | 113*4
llGha J ’ ne’ 02
116ha 119%
M il L S & W e s t 1st g 6 s 1921 M-N 132% Sale 132% 132%
131*8 137%
E x t 6c Imp sfu n d g 5s 1929 F-A 125 ....... 125 J a n ’03
123ha 128%
Ashland D iv 1st g 6 s .. 1925 M-S 130 % ....... 142*2 F e b ’02
142*4 142%
139% 139%
M ich D iv 1st g 6 s ........ 1924 J-J 1 3 4 % ....... 139% Jan ’02
Convertible deb 5s___1907 F-A 10-1 ....... 107 *8 F e b ’01
114% Sep ’ 02
In c o m e s .........................1911 M-N
110*8 114*4
129 D e c ’02
128 132
Chic R ock Isl 6c Pac 6 s ... 1917 J -J 126% . . . .
6 127% 131
R egistered..................... 1917 J -J 126% 128*4 I26ha 1 2 6 * 2
107% 31 105*4 113%
General gold 4 s................ 1988 J-J 107% Sale 107
107 J a n ’ 03
109 112
R egistered..................... 1988 J-J
100% J ’l y ’02
100*4 100%
Coll trust Series C 4s ...1 9 0 5 M-N
99% J ’ ne’02
H 4 s.................................1910 M-N
99% 99%
99% 99%
99ha J ’ly *02
M 4s.................................1915 M-N
99% J’ne’ 02
N 4 s.................................1916 M-N
99*4 99%
87
89 1593 82% 87%
87 Sale
Chic R I 6c Pac R R 4 s ..2002 M-N
86% 86%
88*4 Jan ’03
R e «*istered.................... 2002 M-N
97 ha D e c ’02
97% 99%
96ha
Des M & Ft D 1st 4 s ....1 9 0 5 j - J
92
91*4 93
92hj
92*2
1st 2 has............................1905 J-J
94% Jail ’03
95*8
Extension 4 s ................ 1905 J-J
109*4 110%
11 Oha A p r ’02
Keok 6c Des M 1st 5 s ....1 9 2 3 A-O
Chic & St L See A tch T Sa Fe
Chic St L 6c N O See 111 Cent
Chic St L 6c Pitts See Penn Co
134% 142
Chic St P M 6c O con 6 s. ..1930 J-D 136*e 137 136% 136%
135 141%
Cli S t P & Minn 1st g 6 s 1918 M-N 137 ____ 134% J a n ’03
137% 140
N or W isconsin 1st 6 s ...1 9 3 0 J-J 134 ___ 137 *2 Sep ’02
3 125*4 130%
St P & S City 1st g 6 8...191 9 A -0 126*4___ 126% 126%
85 ___
90%
17 85
Chicago T er Trans g 4 s .. .1947 J -J
84ha
86
7
1926
M IS C E L L A N E O U S B O N D S—C ontinued on N ext PageS tre e t R a ilw a y
B rooklyn Rap T r g 5s....... 1945
A tl A v Bklyn imp g 6 s . .1934
B k City 1st con 5s. 1916, 1941
B k Q Co & S cou gu g 5s. 1941
B klyn Un E l 1st g 4-5S.1950
K in gs Co El 1st g 4 s___1949
Nassau E lec gu g 4 s ___ 1951
C ity 6c S R y Balt 1st g 5s. 1922
ConnRy<fc L l s t & r e f g 4 % s ’ 51
D en Cou T r Co 1st g 5 8...193 3
Den Tram Co con g 0 s ..1910
M et R y Co 1st gu g 6 s ..1911
D et Cit St R y 1st con g 5s. 1905
G r Rapids R y 1st g 5 s ...a l 9 1 6
L ou is R y Co 1st con g 5 s ..1930
<
A-O 106% 107
J -J ...................
J -J 108 .........
M-N *102 .........
F-A 102 ........
F-A
88
.........
J -J ...................
J-D ...................
J -J ......... 98
A-O ...................
J -J ...................
J-J ...................
J -J ...................
J-D ...................
J -J ...................
J -J ...................
F-A 119% 120
lJ-D 1 1 6 % ........
'^ \ o price Friday; latest pfylLSJ&is week,
a
5
107*4
J a n ’ 99
May’02
J a n ’ 03
Jan *03
88
8 8 % 13
85% J a n ’03
106%
110
114
102
104
99% Oct ’02 . . . .
95 J ’ ne’OO
103
N ov ’01
109
M ar’98
S tre e t R a ilw a y
110*4 M et St R y—(C on )U oi g 4s2002
Col & 9th A v 1st gu g 58.1993
L ex A v & P F 1st gu g 5s 1993
112% 114
Third A v e R R con gu 4s 2000
100
106%
Third A v e R y 1st g 5 s .. 1937
100 105
Met W S El (Chic) 1st g 4s. 1938
86
93
Mil El liy & L 30-yr g 5s. 1926
Minn St R y 1st con g 5 s ..1919
98
99% St Paul City Cab con g 5s. 1937
Guaranteed gold 5s.........1937
Union El (Chic) 1st g 5 s ..1945
W Chic S t40-yr 1st cur 5s. 1928
40-year consol gold 5 s ... 1936
102
119
120
38 116% 1 2 2
116% Jan *03
116% 119%
Due Jan
d
Due Apr
e
Due May
A -0
M-S
M-S
J-J
J -J
F-A
F-A
J-J
J-J
J-J
AO
M-N
M-N
G a s and E le c tr ic L igh t
Atlanta G L Co 1st g 5s. ..1947 J-D
Bos U Gas tr ctfs s f g 5s. 1939 J-J
Bklyn U Gas 1st con g 5 s .1945 M-N
g
Due J’ne
h
Due J ’ly
lc
Due Aug
99
23 96
96
120 124%
J a n ’ 03
1 2 0 % 124
D e c ’02
98*4 *21 97 101%
120Q 127
Jan ?03
101 103
10 1 * 4 N ov’ 02
106 Oct ’99
110
110
1 0 6 % ........ 110 J ’ne’02 —
114% N ov’01
112
95% Sale
95
......... 121
........ 121
98*4 Sale
08
........ 123% 122
121
121
109% D e c ’ 99
99
.........116%
p
D e c ’97
91% Oct ’98
116% 116%
Due Nov
q Due
34 il5*4 120%
Deo sOption sale
/
B ond R ecord — Continued— Page 2
BO N D S
N. Y. STOCK K X C IIA N G E
W ekk finding j a n 23
Int’ st
Period
J a n u a r y 2 4, 190 3 .]
Wee/c'8
Range or
Last Sale
P rice
Friday
Jan 23
Low
1164
109
1 144
111 4
113
113 4
High
N ov’02
A p r ’02
May’02
Dec ’ 01
O c t ’00
D e c ’ 02
102
101 4
100
102
103
102
83
103
O ct ’02
J a n ’ 03
102 4
Oct ’02
D ec 02
N ov’99
1024
1024
O~
Range
Year
1902
A0
....
....
....
Low High
1164119
109 109
105 1 1 4 4
....
1 1 134 1154
14
....
....
19
....
....
98
1 044
101 4 1 0 2
100 1034
10141044
103 103
101 102
•1 9 9 4 1 0 6
115 N o v ’02 . . . . 1 1 3 4 H 5 4
1 3 4 4 Jan ’02 — 1 3 4 4 1 3 4 4
1 3 1 4 Jan ’ 03 . . . . 138
138
1 0 44 N ov ’01
3 98
99 4
994
804
82 107 72
114 D e c ’02 — 114
128
79
94
102
82 4
1164
J ’ n c’02 . . . . 1 2 7 4 1 2 8
80
944
92
54
7 9 4 864
90
97
14 1144 1 2 0 4
117
117
1 132 *4 138
1 3 3 4 ^33 4
1 3 4 4 Jan ’ 03 . . . . 137 141
140 O c t ’98
1 3 2 4 D e c ’02
115 4 A ug’ 02
103 D e c ’02
112 N ov ’ 02
103 4 O ct ’02
140 4 D e c ’0‘z
149 A ug’01
113 A u g ’02
122 J ’ ne’99
106 O c t ’ 02
1 1 14 F e b ’02
1 4 34 N o v ’02
147 4 J ’ne’02
....
....
....
....
....
....
1324137
11541184
102 105 4
112 1 1 7 4
103 4 1 0 3 4
140 4 1 4 4
. . . . 113
••••
....
....
—
1154
106 109
11141114
1434 1 5 1 4
14741474
99
99 ' 37 9 9 4 1 0 4 4
1044 J a n ’ 03 . . . . 105 112
105 D e c ’02 — 105 1 134
80
2
80
8 4 4 91
111
F e b ’01
102 4
93 4
84
89
114
Oct ’ 02
101 1 0 2 4
Aug*02 . . . . 92 4 95 4
J a n ’ 03 . . . . 84 4 8 7 4
91
20 91
954
D e c ’02
1124H 5
2 111
115
1 1 4 4 Jan ’ 03 . . . . 112
115
1114
1114
1 1 6 4 D e c ’ 02
1 1 94 J ’ne’02
116 4 A p r ’ 02
117 D e c ’ 02
109 4 Jan ’02
139
139
136 S e p ’ 02
98
984
98 Jan ’ 03
854
864
....
....
....
....
2
___
14
....
109
1134118
1184122
115 1 1 6 4
117 1214
10841094
137 142
136 139
97 4 1 0 2
984 984
83
90
96
934
9 4 4 53 91
127 4 D e c ’02 . . . . 1274 133
1
....
....
___
....
1214
106
1344
1 1 34
1184
109
112 4
113
103
1064
115
1214
A u g ’02
J a n ’ 03
D e c ’ 02
A p r ’ 02
Oct ’98
D e c ’ 02
J a n ’03 . . . .
J a n ’03
Jan ’03 . . .
2
115
11841254
1034106
134 1374
1 1 341 21
11841184
1124118
114 118
102 103
105 1 1 0 4
110 1 1 6 4
111
Jan ’03 —
11041154
122
105
112
J a n ’ 03
105
J ’n e’02
115
May’ 02 —
121 1 2 6 4
i 1084U 2
112 112
114
116
RONDS
N. Y. STOCK E X C H A N G E
W eek E nding j a n 23
Fla Cen 6c Pen let g 5s. ..1918
1st land gr ex t gold 5 s ..1930
Consol gold 5s......... ..... 1943
Fort S t U D Co 1st g 4 48- 1941
Ft W 6c Den C 1st g 6 s___1921
Ft W 6c Rio Gr 1st g 3-4*. 1928
4 1 al Har 6c S A
See So Pac O
' * al H 6c H ol 1882 1st 5 s. 1913
Ga 6c A la R y 1 st con 5 * .. 0 1945
Ga Car 6c N o 1st gu g 5 s ..1929
Georgia Pacific See So Ry
Gila V G 6c N or See So Pac Co
Gouv 6c Oswegat See N Y Cent
Grand Rapcfe Ind See Venn RR
Gray’s Pt Term See St L S W
Gt N or—C B 6c Q coll tr 4s 1921
G reenbrier Ry See d i e s 6c O
G ulfcfeS I let ref cfe t g 5s 51952
6c St J o See C B 6c Q
H an
ousatonic See N Y N H 6c- H
Hock Val l8 tc o n s o lg 4 48.1999
R egistered.........................1999
Col 6c H V le t ex t g 4 s ..1948
IIoust E 6c W T ex See So Pac
Houet 6c T ex Cen See So Pac Co
Central le t g 4 e ..l9 5 1
I llinois
R egistered..................... 1951
le t gold 3 4 s ..................... 1951
R egistered..................... 1951
le t gold 38sterlin g .........1951
R egistered..................... 1951
Coll T rust gold 4 s.......... 1952
R egistered..................... 1952
L N O 6c T ex gold 4 s___1953
R egistered..................... 1953
Cairo Bridge gold 4 s ___1950
L ouisville D iv gold 3 4 s . 1953
R egistered..................... 1953
M iddle D i v r e g 5 s .......... 1921
St Louis D iv gold 3 s___195]
R egistered..................... 1951
Gold 3 4 s .........................1951
R egistered.................. 1951
Spring D iv 1st g 3 4 s . ..1951
W estern Lines 1st g 4 s ..1951
R egistered..................... 1951
Bellev 6c Car 1st 6s....... 1923
Carb 6c Shaw 1st g 4 s ... 1932
Chic St L 6c N O g 5s. ..1951
R egistered..................... 1951
Gold 3 4 s .........................1951
R egistered.................. 1951
Mempli D iv 1st g 4 s ...1951
R egistered..................1951
St L Sou 1st gu g 4 s___1931
Ind B16c W est See C C C & S t L
Ind D ec 6c W 1st g 5 s....... 1935
1st guar gold 5 s ................ 1935
In d 111 6c la 1st g 4 s .........1950
Intcfe Great N or 1st g 6 s.. 1919
2d gold 5s.......................... 1909
3d gold 4 s.......................... 1921
Iow a Central 1st gold 5 s.. 1938
R efunding g 4 s ................ 1951
Jefferson R R See Erie
A 6c G R See L S 6c M S
K al
an 6c M id i See Tol 6c O C
K C Ft S 6c M See S t L 6c S F
K C & M R & B l s t g u g 5s. 1929
Kan C 6c Pacilic See M K cfe T
Kan City Sou 1st gold 3 s.. 1950
R egistered.........................1950
K entucky Ceut See L 6c N
Keok 6c Des Mo See C R I & P
K noxville 6c Ohio Sec So Ry
I ake Erie 6c W 1st g 5 s.. 1937
l j 2d gold 5 s....................... 1941
N orth Ohio 1st gu g 5 s.. 1945
L Slio 6c M id i S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s....................1997
Leli Val N Y 1st gu g 4 4 s . 1940
R egistered.........................1940
Leli V T er R y 1st gu g 5s. 1941
R egistered.........................1941
Leli V Coal Co 1st gu g 5s. 1933
R egistered.........................1933
Leli 6c N Y 1st guar g 4 s . . 1945
R egistered.........................1945
E 1 C & N 1st g 1st pf 6s.] 914
Gold guar 5 s..................1914
Leli 6c Hud R See Cent o f N J
Leh 6c W ilkesb See Cent of N J
Leroy 6c Caney V al See M o P
Long D ock See Erie
Long Island 1st con g 5 s ./il 931
1st consol gold 4 s .........A1931
General gold 4 s................ 1938
Ferry gold 4 4 * ................ 1922
Gold 4 s............................... 1932
Unified gold 4 s ................ 1949
Debenture gold 5 s.......... 1934
Bklyn 6c M ont 1st g 6 s.. 1911
1st 5s............................... 1911
N Y B & M B 1st con g 5 s 1935
N Y 6c R B 1st g 5 s....... 1927
N orS h B 1st con g g u 5 s o l9 3 2
Louisv 6c N asbv gen g 6s. 1930
Gold 5 s............................... 1937
Unified gold 4 s ................ 1940
R egistered..................... 1940
Coll trust gold 5s.............1931
Coll trust 5-20 g 4s. 1903-1918
Cecilian Branch 7 s.........1907
E H 6c Nash 1st g 6 s___1919
L Cin cfe L ex gold 4 4 s . . . 1931
N O <fe M 1st gold 6s___1930
N O <fe M 2d gold 6 s....... 1930
P rice
F riday
Jan 23
J -J
J -J
J-J
J -J
J-D
J -J
Bid
10 5
Week* s
Range or
Last Sale
*«»*5*
^ y.
Range
Year
1902
Ask Low
Jiig/i Ao \Low H igh
1
......... 100 Sep uu
......... 106 4 F e b ’02 ___ ‘ 1 0 6 4 1 0 6 4
105 Mar’ 98
12 106 1164
112 Sale 1 1 1 4 112
86 4 D e c ’02 . . . . 8 6 4 9 2 4
..................
105
........ 103 D e c ’02
102 1064
110 ......... 1 11 N ov ’02
'i l l
112
1 0 8 4 ........ 1 1 0 4 J a n ’03 . . . . 109 4 1 1 2
AO
J -J
J-J
101 4
J -J
94
Sale
94
9 4 4 505
944 974
J-J
J -J
J -J
AO
108 42109*2 109
.........1054
J-J 112 .........
J-J
J-J
J - J .........103
M- 8
M- 8
A-O 102 4 ........
A-O
M-N i o i 4 .........
M-N
J -D 108 ........
95 ........
J-J
j .j
K-A 31 (5 .........
84 ........
J -J
J -J
95 .........
J -J
J -J
J J
113
F-A i l l
F-A
J-D 120 .........
M- S 102 .........
J-D 1 2 4 4 1 2 6 4
J -D
J-D
J -D
J-D 106 .........
J-D
M-S
J-J 104 4 .........
J-J 1 0 4 4 .........
98 100
J -J
M-N 1 2 0 4 Sale
99 .........
M-S
M-S * 71 .........
J-I) * .........1144
92 Sale
M-S
A-O
A-O
A-O
106
1094
13 1 0 7 4 1 1 2
105 4 D e c ’ 02 — 1 0 5 4 1 0 6
11 2*4 112*4 35 1134 116
113 4 M a r ’0u
104 D e c ’ 0*2 . . . . 104 1 0 6 4
102 4 A p r ’98
1 0 4 4 A ug’02
111% Ort
1 0 4 4 1 064
;
C*>
1iH
)
Hid
A sk
Clnctfe West I ii«l gen g 6s g \932 Q-M 1 1 5 4 1 1 6 4
Chic 6c W est M ich Ry 5 s .. 1921 J-D 106 ........
Olioc Ok 6c G gen g 5s .. .o\ 919 J - J 107 ........
Cm H 6c D consol s 1 7 s ... 1905 A -O *111 ........
2d gold 4 4 s .......................1937 J . J
Cin D 6c I 1st gu g 5 s ... 1941 M-N 114 .........
C I S t L & C See C C C 6c St L
Ciu S 6c C See C C C St L
Clear held cfe Mali A’ee B R 6c P
Cleveland Cin Chic 6c St Louis
General g 4s..................... 1993 J-D 1 0 1 4 1 0 2
Cairo D iv 1st gold 4 s ___1939 J-J 100 ........
98 100
Cin W<fc M Div 1st g 4s. 1991 J -J
St L Div 1st col tr g 4 s .. 1990 M-N 102 Sale
R egistered..................... 1990 M-N
Spr 6c Col Div 1st g 4 s.. 1940 M-S .........1 0 1 4
W W Val Div 1st g 4 s . . . 1940 .T 1
C I St L 6c C consol 0 s.. 1920 M. \
1st gold 4 s............ . ../C193G Q-F 1 0 2 4 Sale
R eg iste re d ..............Id 936 fA.TT
Cin S 6c Cl con 1st g 5 s.. 1928 J-J 1 1 2 4 .........
C C C 6c I consol 7 s.........1914 J-D 1 2 4 4 .........
Consol sink f u n d 7 s ....l9 1 4 J -D
General consol gold 6s. 1934 J-J 1 3 1 4 ........
R egistered..................1934 1. 7 .........133
Ind 151 6c W 1st pref 48.1940 a .n
O Ind 6c W 1st p f 5 b. . .<11938 C\. J
99 100
Peo 6c East 1st con 4 s ... 1940 A-0
80
82
Incom e 4 s.......................1990 A pr
Cl Lor 6c W h con 1st g 58.1933 A O 1 1 4 4 .........
Clevcfe Marietta See Penn UR
Clev 6c Mahon Val g 5s. ..1938 J-J 1 2 0 4 .........
R egistered..................... 1938 n. .1
Clev 6c Pitts See Penn Co
7 9 4 .........
Col Midland 1st g 4 s .........1947 J -J
9 4 4 Sale
Colorado 6c Sou 1st g 4 s . . .1929 F-A
Colam 6c Greenv See So Ry
Col 6c Hock Val See H ock Vai
Col Conn 6c Term See N 6c W
Conn 6c Pas R ivs 1st g 4s. 1943 A . O
6c G t So See C M 6c St P
D ak
alias 6c W aco See M K 6c T
Del Lack 6c W estern 7 s ... 1907 M-S 115 .........
M orris6c Essex 1 s t 7 s ... 1914 M-N 1 3 3 4 .........
le t consol guar 7s....... 1915 J-D 135 .........
R egistered..................1915 1 _n
l e t ref gu g 3 4 s .......... 2000 .r.n
N Y Lack 6c W le t 6s. ..1921 j - j 131 ........
Construction 5s.......... 1923 F A 1 1 5 4 .........
Term 6c im prove 4 s ___1923 M-N 102 .........
Syr B ing <fe N Y le t 7 s.. 1906 A O 1 1 1 4 ........
W arren 1st r e f g u g 3 48.2000 F-A
Del 6c Hud 1st Pa D iv 7s. 1917 M-S 1 4 0 4 .........
R egistered..................... 1917 M-S
...
A lb 6c Sus 1st con gu 7s. 1906 A-O i i i
R egistered..................... 1906 a . n
Guar gold 6s..................1906 A-O 107
R egistered..................1906 A-O
Renscfe Saratoga le t 7 s .1921 M-N 142
R egistered..................... 1921 M-N
Del R iv R R Bridge See Pa RR
99 Sale
Denv 6c R Gr l e t con g 48.1936 J-J
Consol gold 4 4 s .............. 1936 J-J 104 106
Im provem ent gold 5 s ... 1928 J-I) .........1 0 7 4
Rio Gr So gu See Rio Gr So
80 Sale
Den 6c S W est gen s f g 5s 1929 J-D
Des M 01 6c Ft D See 0 R 6c I P
Des M 6c Minn See Cli 6c N W
D esM oi Un R y 1st g 5 s ..1917 M-N 105 .......
D et M 6c Tol See L S 6c M So
99 .........
Detcfe Mack 1st lien g 4 s .1995 J-D
Gold 4 s............................... 1995 J-D
9 2 4 ..
D et Sou 1st g 4 s ................ 1951 J-D ......... 84
90
91
Ohio Sou Div le t g 4 s ...1941 M-S
Dul 6c Iron R ange 1 s t 5 s.. 1937 A-O 113 114
R egistered.........................1937 A-O
2d 6 s.................................. 1916 J - J
Dul So Shore 6c A ll g 5s. .1937 J-J .........1 1 4 4
1Jast of M in n See St P M 6c M
i-Jast Ten Va 6c Ga See So Ry
Elgin Jol 6c East 1st g 5s. 1941 M-N 1 1 2 4 .........
E lm C orlcfcN o See Leh cfe N Y
Erie le t ext gold 4 s.............1947 M-N 1 1 4 4 .........
2d ext gold 5 s ................... 1919 M-S 1 1 7 4 .......
3d ext gold 4 4 a ................ 1923 M-S 1 1 4 4 .........
4tli ext gold 5 s ..................1920 A O 1 1 8 4 .........
5th e x t gold 4 s ................ 1928 J-D 1 0 5 4 .......
le t consol gold 7 s.............1920 M-S *138 139
le t consol g fund 7 s....... 1920 M-S
Erie 1st con g 4s p rio r.. 1996 J-J
9 8 4 Sale
R egistered..................... 1996 J-J
8 5 4 Sale
1st consol gen lien g 4 s .. 1996 J-J
R egistered..................... 1996 J - J
9 3 4 Sale
Penn coil tr g 4 s ___'....1 9 5 1 F-A
Bull N Y 6c Erie 1st 7 s ..1916 J-D 128 .........
Bull 6c S W gold 6 s.........1908 J-J
Sm all............................... 1908 J -J
Clue 6c E rie 1st gold 5 s.. 1982 M-N 1 2 0 4 . .
Jell R R 1st gu g 5 s___al909 A-O 105 107
Long Dock consol g 6 s.. 1935 A O 1 3 4 4 1 3 5
Coal 6c R R 1st cur gu 63.1922 M-N 114 ........
Dock 6c Im p 1st cur 6 s.. 1913 J-J 114
N Y 6c Green L gu g 5s. 1946 M-N 108
Mid R R of N J I s t g 6 s .l9 1 0 A-O 1 1 2 4 ........
N Y Sus 6c W 1st ref 5s. 1937 J-J * ........ 114
2d gold 4 4 s ................... 1937 F-A 102 104
General gold 5 s.............1940 F-A 107
Terminal 1st gold 5 s ... 1943 M-N 1 1 5 4 .......
Regis $5,000 e a c h ... 1943 M-N
W ilk 6c Ea 1st gu g 5s. 1942 J-I) 112 115
Erie 6c Pitts See Penn Co
Evans 6c T H 1st cons 6s. 1921 J -J
le t general gold 5s.........1942 A-O 105 .........
M t Vernon 1st gold 6 s.. 1923 A-O 110 .........
Sull Co Branch 1 st g 5s. 1930 A-O 100 .........
Ev<fc Ind 1st con g u g 6 s ..l9 2 6 J-J 110 .........
L^argo 6c 8 0 See Cli M 6c St P
1- lint 6c Pere M See Pore Mar
*5
197
4 1 0 2 4 106
1 0 4 4 May’ 02 . . . . 1 0 4 4 1 0 4 4
9 8 4 N ov’ 02 . . . .
123 May’99
87 4 May’ 02 —
9841014
87 4
874
98 4 Oct ’ 02 . . . . 9 8 4 1 0 1
101 4 O ct ’99
100 N ov’ OO
111 J a n '03 . . . . 110 1 144
124
90
1254
1264
May’ Ol
N ov’98
Jan *03
127 131
Nov*0°
1 264 1 2 6 4
.
.
.
.
1 0 4 4 A pr ’ 02
10441044
105
D e c ’ 02 . . . . 105
1064
101
M ar’02 —
104 4
110
107 4
1024
1204
98
71
114 4
92
D e c ’02
1054110
D e c ’02 . . . . 1 0 7 4 1 0 7 4
M ar’02
100
1024
1 2 0 4 28 1 1 9 4 1 2 7
99 4 31 97 103
O c t ’ 02 .... 71
80
115 1 1 9 4
J a n ’03
5 91
92
97
101
.........
6 9 4 Sale
694
0 9 4 208
6 3 4 Oct ’00
684
74
J-J
J-J
A-O
5 1194123
.........119
1194 120
114 117 1134 Jan ’03 . . . . 115 1 1 8 4
114 ......... 1 1 2 4 D e c ’02
11241154
M-N
M-N
J-J
J -J
A-O
A-O
J-J
J •J
M-S
M-S
A-O
A-O
105
......... 1 1 0 4 F e b ’02
109
1104
108
1 0 8 4 22 1 0 8 4 1 1 2
109 4 J ’ne'O^
10941094
1 1 6 4 ......... 117 4 D e c ’ 02
11741204
] 09 *o Qct ’99 ___
105 4 ........ 1 084 S e p ’ 02
1 0 8 4 i*084
.........1 0 8 4
96
97
96 4 D ec *02
964
97
1 0 1 4 Sep ’99
118
118
Q-J .........120
Q-J
J-D 101 ......... 1 0 1 4 1 0 1 4
M-S 100 ........ 103 May’02
J-D
100 Oct ’ 00
100
100
M-S
994100
J-l)
111 J a n ’02
M-S *113 116
M-S 106 ........ 1 0 9 *o J ’ ne’01
A-O
112 M ar’ 02
M-S 112 4 ......... 112 4 Jan *02
Q-J 110 ........ 112 4 A p r ’02
J-D 1 1 5 4 1 1 8 4 115*4 1 1 5 4
M-N 1 1 1 4 ........ 112 J a n ’ 03
J-J 1 0 0 4 1 0 1
1004 1 0 1 4
J-J
100 J a n ’ 02
M-N 112 1 1 3 4 112
112
A-O
100
99 100 4 100
M-S
106 D e c ’00
J-D
112 D e c ’02
M-N 1 0 7 4 ......... 1094 O ct ’ 02
J-J
129 J a n ’ 03
J-J
1 2 4 4 A p r ’02
5 1174122
>
6, 1014 1 0 4 4
.... 103 104
5| 99
....
111
i0 3
111
i '1 2 i l 8
11241124
11241144
i 1154122
111 117
67 1 0 0 4 1 0 3 4
100 100
4 110 4 116
10 98 1 0 1 4
112 116
109 4 1 0 9 4
12841304
122 1 2 4 4
M IS C E L L A N E O U S B O N O S—C ontinued on N ext P a g e .
6 n s and E le ctric Light
C h G L c fc C C o See P G cfe C Co
Columbus Gas 1st g 5 s___1932
Conn Ry cfe L See Street R y
Con Gas Co See P G cfe C Co
Detroit City Gas g 5 s ........ 1923
Det Gas Co con 1st g 5 s ... 1918
Ed El 1U Bkn See K Co E L cfe P
Ed E 111 See N Y G cfe E L H cfe P
Eq G L N Y 1st con g 5 s.. 1932
Eq G cfe Fuel See P G cfe C Co
Ga8tfe E lec B erg Co c g 5s. 1949
Gr Rap G L Co 1st g 5 s ... 1915
K C Mo Gas Co l s t g 5 s ... 1922
Kings Co El L cfe P g 5 s ... 1937
Purchase m oney 6 s........ 1997
Ed El 11 Bkn l e t c o n g 4 s 1939
Lac Gas L o f St L 1st g o s.e l 919
Milwaukee Gas L 1st 4 s.. 1927
J -J
107
J-J
F-A
95
.........
97
97
104
Jan ’ 03
May’ 02 —
924 994
104 104
M-S
117
D e o ’02
117
J-D
F-A
A-O
AO
AO
J-J
Q-F
M-N
6 1 4 Oct ’01
1074 D e c ’00
118
120 Sale i ‘2<5
i ’2 0
1 120 1 2 4 4
9 7 4 Sep ’02
97
99
94 .96
........ 1 0 8 4 1 0 8 4 1 084 * 2 1 0 7 4 1 1 0
95 J ’ ly *02
95
954
* No price Friday; latest bid and asked this week. aD ueJan
b
(in s and E le ctric L igh t
Mut Fuel Gas Co See Peop Gas
N ewark Cons Gas cou g 5 s 1948
N Y G E L H c f c P g 5s. ..1948
Purchase m oney g 4 s ... 1949
Ed El 111 1st con v g 5 s.. 1910
1st consol gold 5 s........ 1995
N YcfcQEl Left P 1st con g 5s 1930
Paterson cfe P G cfe E g 5s. 1949
Peo Gas cfe C 1st gu g 6 s.. 1904
2d guar gold 6s................ 1904
1st coil gold 6s..................1943
Refunding gold o s .......... 1947
ChG-L<fe Cke 1st g a g os 1937
Con G Coot Cli 1 stg u g 5 s .’ 36
Eq G cfe F Cli 1st gu g 68.1905
Mu Fuel Gas 1st gu g 5s. 1947
Trenton G cfe El 1st g 5 s.. 1949
U tica K L c f c P l s t s f i r 5s. 1950
Due Feb dD ue Apr e Due May
h
D
D 111 Sale I l l
111
A
97 Sale
964
97
1054 D e c ’02
S 106
J 118 122 120 D ec *02
A *105 106 1 074 Jan *03,
S
104 J ’ ne’02 '
N
D 102 ....... 1 0 4 4 N ov’02,
O *122 126 125 4 Jan ’ 03
S 105 ....... 105 Jan *03
J| 108 ....... 109 D e c ’ 02
1 0 8 4 D ec ’02:
D .........ItO
J 1 1 0 2 ^ 1 0 3 1 0 2 4 Jan ’03
104
N *103 4 ....... 104
S ................. 199 F e b ’01
J .................
14
32
..
..
.
1104 1 1 6 4
94
98 4
105 4 1 0 9
120 1214.
104 4 108 V*
. 104 104
103 106
..1,11
„
3« 12*
I!l04 104
.. 1 0 8 4 1 1 1 4
..! 1 0 7 4 1 0 9 4
..|,102 4 1 0 5
105 106
Due J ’ly Ac Due Aug 0 Due Oct ^ Due Dec 5 Option ta le
Boild R ecord— Continued— Page 3
198
BONDS
N. Y. STOCK EXCHANGE
W eek E nding Jan 23
P r ic e
F r id a y
Jan 23
Loulsv db Nash\ — ( C o n t i n u e d )
Pensacola Div gold 6a... 1920 M-S
St L Div 1st gold 6s.......1921 M-S
2d gold 3s...................... 1980 .VI-s
Sender Edge ls t s f g 6s. 1931 M-S
Kentucky Cent gold 4s.. 1987 J-J
L<fe N & M & M 1st g 4 \*s 1945 M-S
N Ela & S 1st gu g 5 s... 1937 F-A
Pens 6c Atl 1st gu g 6 s..1921 F-A
S 6c N Ala con gu g 5s.. 1936 F-A
Sink tuud gold 6s........ 1910 A-0
L 6c Jeff Bdge Co gu g 4s.. 1945 M-S
L N A & C h S ee C I & L
ahon Coal S e e L S & M S
anhattan Ry consol4s.l990 A-O
Registered................1990 A-0
Metropol El 1st g 6s___1908 J-J
Man S W Coloniz g 5s___1934 J-D
McK’pt & B V S e e N Y Cent
Metropolitan El S e e Man Ry
Mex Cent consol gold 4s..1911 J-J
1st consol income g 3s.al939 J’ly
2d consol income g 3s..al939 r \ y
Equip 6c coll gold 5s.......1917 A-0
2d series gold 5s..........1919 A-O
Coll tr g 4*2S 1st Ser___1907 F A
Mex Internatlst con g 4s. 1977 M-S
Stamped guaranteed___U'JT'T M S
Mex North 1st gold 6s___1910 J-D
Mich Cent S e e N Y Cent
Mid ot N J S e e Ene
MU L S 6c W S e e Chic & N W
MU & Mad S e e Chic & N W
MU <fe North S e e Ch M & St P
Minn & St L 1st gold 7 s ..1927 J-D
Iowa Ex 1st gold 7s.......1909 J-D
Pacific Ex 1st gold 6 s ...1921 A-0
South West Ex 1st g 7s.1910 J-D
1st consol gold 5s............ 1934 M-N
1st and refund gold 4s.. 1949 M-S
Minn 6c St L gu SeeBCRcfcN
M & P 1st 5s stpd4sint gu 1936 J-J
M S S M A 1st g 4 int gu 1926 J-J
M StP & S S M con g 4 int gu ’38 J-J
Minn Un S e e St P M &M
Mo Kan & Tex 1st g 4s. ..1990 J-D
2d gold 4s....................... 01990 F-A
1st ext gold 5s................. 1944 M-N
St L Div 1st ref g 4s___2001 A-0
Dal 6c Wa 1st gu g 5 s ... 1940 M-N
Kan C 6c Pac 1st g 4 s ... 1990 M-S
M K & T o f T 1st gu g5s.l942 J-D
Sher Sh 6c So 1st gu g 5s. 1943 F-A
Tebo & Neosho 1st 7 s ... 1903 J-D
Mo K & E 1st gu g 5s.......1942 A-0
Missouri Pacific 3d 7s.......1906 M-N
1st consol gold 6s............ 1920 M-N
Trust gold 5s stamped.al917 M-S
Registered................. al917 M-S
1st coU gold 5s................. 1920 F-A
Cent Br Ry 1st gu g 4s.1919 F-A
Leroy &C V A L is t g5s 1926 J-J
Pac R of Mo 1st ex g 4s.1938 F-A
2d extended gold 5 s ... 1938 J-J
St L Ir M<fe Sgen con g 5sl931 A-0
Gen con stamp gtd g 5s 1931 A-0
Unified & ref gold 4s.. 1929 J-J
Verdi V I & W 1st g 5s. 1926 M-S
Mob & Birm prior lien g 5s 1945 J-J
Mortgage gold 4s............ 1945 J-J
Mob Jack & K C 1st g 5S.1946 J-D
Mob & Ohio new gold 6s.. 1927 J-D
1st extension gold 6s..7il927 Q-J
General gold 4s............... 1938 M-S
Montgom Div 1st g 5s.. 1947 F-A
St L & Cairo coU g 4s..el930 Q-F
Guaranteed g 4s.......... 1931 J-J
M & O coU 4s S e e Southern
Mohawk & Mai S e e N Y C & H
Monongaliela Riv S e e B & O
Mont Cent S e e St P M 6c M
Morgan’s La 6c T S e e S P Co
Morris 6c Essex S e e Del L 6c W
VJ ash Chat 6c St L 1st 7s. 1913 J-J
1st consol gold 5s........ 1928 A-0
Jasper Branch 1st g 6s.. 1923 J-J
McM M W 6c A1 1st 6s.. 1917 J-J
T & P Branch 1st 6s___1917 J-J
Nash Flor 6c Sliet S e e L 6c N
Nat of Mex prior lien 4 *2S. 1926 J-J
1st consol 4s.................... 1951 A-O
N e w H & D S ee N Y N H H
N J June RR S e e N Y Cent
New 6c Cin Bdge S e e Penn Co
N O 6c N E prior lien g 6s pl915 A -0
N Y Bkln & Man Bch S e e L I
N Y Cent & H R 1st 7s. ..1903 J-J
Gold mortgage 3 ^ s ........ 1997 J-J
Registered.................... 1997 J-J
Debenture 5s of. ..1884-1904 M-S
Registered.......... 1884-1904 M-S
Regist deb 5s o f...1889-1904 M-S
Debenture g 4s___1890-1905 J-D
Registered.......... 1890-1905 J-D
Debt certs ext g 4s........ 1905 M-N
Registered.................... 1905 M-N
Lake Shore coU g 3 ^ 8 .. .1998 F-A
Registered.................... 1998 F-A
Mich Cent coU g3*2S___ 1998 F-A
Registered.................... 1998 F-A
Beech Creek 1st gu g 4s. 1936 J-J
Registered.................... 1936 J-J
2d gu gold 5s............... 1936 J-J
Beech Cr Ext 1st g 3 *2S 51951 A -0
Cart & Ad 1st gu g 4s. ..1981 J-D
Clearf Bit Coal 1st s f 4s. 1940 J-J
Gouv & Oswe 1st gu g 5s 1942 J-D
Moh & Mai 1st gu g 4s..1991 M-S
Income 58...................... 1992 Sep
M
B id
W e e k 's
R a n ge or
L a s t S a le
A sk L ow
re.
5 ®
H ig h
No
98*2
108
114*2
113
115
97
L ow
H ig h
115 1163*
125*2127*2
75
77*2
116**s Mar*02
125*2 Aug’02
75 J’ne’02
113 Nov’99
98^ Jan ’03
110*2 Mar’02
11434 11434
113 Jan’03
115 Dec’01
112 Sep’02
100 Mar’01
125
68 *2
R ange
Y ear
1902
99 101 *2
110*4 110*2
113 1 1478
112 117
112
112
104*2 104
104*2 15 103 107*2
10378 Dec ’02
I037e 103 7g
10934 10978 10934 10934 *4 111 11438
104
76*2 Sale
25 *2Sale
1634 18
77*2 19
26*2 96
13
17
76*2
25*2
17
97 Jan ’03
90*8 J’ly ’01
105
145*8....
115*2....
125*2 127*2
118*4 . . . .
120*4 122*2
103*2 104
96
98*8
May’00
144*4 Dec’02
119*4 Nov’02
129*4 Aug’02
121 Jan’02
120*8 Jan’03
103*6 103*8
103
98
74
85
21
36*2
14*4 25*2
147*2147*2
118 121
126*8 129*4
121 121
120 124*2
102 106
Nov’01
Apr’01
99 Sale 98*4
99*2 1011 97*2101*2
85 153| SO
84*2 85
87*4
84*4
102*8........ 104 Jan ’03
102*2 108
80 ........ 86 Oct ’02
85*2 88*4
101 ........ 106 Sep ’02
102 106*4
Jan’03
90
88
92
99*2........
103*2 10434 104*2 10434
101 108*2
102*4........ 105*2 J’ly ’02
101*2105*2
110 ........
109*8 110
121 1 2 1 34
106 106*2
109 *2Jan’03
109*2 Jan’03
12 L
121*«J
106*4 106*2
109 113*2
110 11434
120*4 126
103 109*4
10634 107*2] 188
93*2 Jan’03
100 May’01
1
105*4 105*4
112 Jan’03
35
114
115
112*2 Dec’02
*96 Sale 90*4
9034 40
103*8......
I l l ....... 110*4 J’ly ’00
87
93 Apr’02
102 J’ly ’02
127*2 128 127*2 127*2 1
1
125*2 Sale 125*2 125*2
97 Oct ’02
115*2 13
115*2 115
90
91 Oct ’02
101*2 J’ne’02
96*2
107 *4 Sale
93 .......
103 .......
104*2 105*2
111*2........
116 Sale
123 .......
* ........ 115
123
115
113
116
111
101
77
103 Dec’02
104 Jan ’03
105*4 105*4
103*4 Jan’03
1025s Nov’02
109 *2 Sep ’97
100*8 Jan ’03
99 Dec’02
1003s Jan’03
9 9 *2 Nov’02
94
94*8
93 Dec’02
92 78 Sale 92 78 9278
93
91
91
107*4 iio*2 111*4 Sep ’01
106 J’ne’98
114
105 . . . .
*104*4....
103*2....
103*2....
103 . . . .
100*8....
100*8....
100*2101*2
........ 101*2
94*8 Sale
95
104 107*4
114 116*2
112 120
112*2114
91
95
93
97
128
127
97
114
91
93*2
102
132
128*2
100
118*2
91
1 0 0 *2101*2
12534 129
112*4 116
Jan’03
Jan’03
Dec’99
J’ly ’02
Dec’99
9934 101*4 101
76hi 77
77
103*2 109
91*8 95*8
116
116
100
73
104
81*2
10138 10478
104 109*2
25 106 109
10238 104
101*4 10334
10034 10134
99 100*4
100 101®e
99*2 99*2
37 92
98
91
96*4
*4] 92
97®8
96
23 93
Apr’02
93
BONDS
N. Y. STOCK EXCHANGE
W eek E nding J an 23
[VOL. LXXVI.
■C
v
i Cl
O
^ a"
P r ic e
F r id a y
Jan 23
W e e k 's
R an ge or
L a s t S a le
®.©
R ange
Y ear
1902
B id
A s k Low
H i g h A’ol L o v ) H i a h
105 Oct ’02 .... 105 105
F-A
F-A
A-O i o i ........ 105 *2Nov’01
A-0
J-J IlO 111 110
11058 32 112 116
J-J ........ 110*4 110*4 110*4 10 109 115*2
J-D 103 ........ 103 Jan’03 .... 10233 ID?7**
J-D 103 ........ 10234 Jan’03
104 10734
J-D 105*8........ 105*4 105*4 22 104 109*2
105 Jan *03
J -D
F-A I l l ........ 114 Feb’02
114 114
J-J 120 ........
J-J 124 ........ 124 Jan ’03 . . . . 127*2127*2
1
139
J-J 138 ........ 139
J-J 130 ........
J-J 122 ........
M-S
1185s Dec’01
5s.................................... 1931 M-S i~25*i........ 125*2 125*2 4 128 132*9
127 J’ne’02 . . . . 127 130
Registered................. 1931 Q-M
110 Lee’01
4s.................................... ]
J-J
106*2 Nov’OO
Registered................. I imu j - j
J L<fe S 1st g 3*2«...........1951 M-S
J-D
M-N
11578 May’00
M-N
119 *2Dec’02 .... 119 ^121*2
A-O ........ 122
R W 6c O con 1st e x t 5s. 7il922 A -0 12178 ........ 12134 Jan ’03 . . . . 118*2127*2
11334 Jan ’02 . . . . 11334 114*2
Oswe 6c R 2d gu g 5s._.el915 F-A
R W & O T R 1st gu g 5s.1918 M-N
107 *s Jan ’03 ___! 108 109 78
Utica 6c Blk R ivgug4s.l922 J-J
2 104 108
N Y Chic & St L 1st g 4S.1937 A-O 104*2........ 104*4 104*2
105 Dec’02
Registered.......................1937 A -0 ........ 104
105 106^
N Y & Greenw Lake S e e En*
N Y & Har S e e N Y C 6c Hu<
N Y Lack 6c W S e e D L 6c W
N Y L E & W S e e Erie
N Y & Long Br S e e Cent of N J
N Y 6c N E S e e N Y N H 6c H
100 Dec’01
N Y N H 6c Har 1st reg4s.l903 J-D
1 204*2 229*2
221
221
Convert deb certs §1,000.
A-0
220 ........ 220 Nov’02
Small certs $100...........
207 220
135*2 Jan’02 . . . . 135*2135*2
Housatomc R con g 5s.. 1937 M-N
M-N
N H 6c Derby con g 5s.. 1
N Y 6c N E 1st 7s...........1905 J-J i 0234 ........ 114 Jan ’00
1st 6s..............................1905 J-J 101*2........ 106*4 Mar’02 — 106*410678
N Y 6c North S e e N Y C 6c H
N Y O & W ref 1st g 4s..01992 M-S 103*4 Sale 102*8 103*2 35 100*2 105*4
101 *2 X ov’98
Regis $5,000 only.........01992 M-S
N Y 6c Put S e e N Y C & H
N Y 6c R B S e e Long Island
N Y S 6c W S e e Erie
N Y Tex 6c M S e e So Pac Co
Nor 6c South 1st g 5s......... 1941 M-N 114*2116*2 116 *2Mar’02
116*2116*2
Norf 6 c West gen g 6s.......1931 M-N 132 ........ 133 Aug’02 .... 133 135*2
.
.
.
.
130
132
132 Dec’02
129 136
F-A
A-0 132*4........ 132*4 Jan ’03 . . . . 13134 135*4
109
1017s
99 *2 104 ^
A-O 1017s Sale 101
100*2 Jan’02 . . . . 100*2 100*2
A-O
188
93 Sale 9234
933s
90
95
Pocah C & C joint 4s.. 1941 J-D
J-J 108 ........ 107*2 J’ly ’01
M-N 100 ........ 100*2 Dec’02 — 10038 104*8
North Illinois S e e Chi 6c N i
North Ohio S e e L Erie 6c W
Q-J 10334 Sale 103*2 103 7g 112 102*8 106*4
103*4 10338 55 102 105*2
Q-J
727s Sale 72 4
General Ren gold 3s___a2047 Q-F
73*4 20 71*8 753g
2 72
75
Q-F
70*2
70*2
C B & Q coil tr 4s
96 ........ 102 *2 May’02 •••• 100 102*2
J-D
J-D
F-A 127 ......... 127 Jan’03 . . . . 12734 129*8
12334
132 J’ly ’99
Registered certilic’s..l9 2; O- F
r
118 Nov’02 . . . . 118 122
t Paul 6c Dul 1st 5s___193! F-A
110 Oct ’02 . . . . 110 112*2
2d 5 s ............................. 191' A-O
J-D
97*2 Sale 97*2
97*2 10 100 100
Q-M 90 ........ 94 *2 Feb’02 .. - . 94*2 94*2
J-J *114 ......... 115*2 115*2 19 115 119*2
Nor Ry Cal S e e So Pac
Nor Wis S e e St P M 6c O
Nor 6c Mont S e e N Y Cent
Ind 6c W S e e C C C 6c S
113 114
J-D 112 114*2 114 Dec’02
O ,
108 110
A-0 110 113 108*2 J’ly ’02
Ore 6c Cal S e e So Pac Co
■j
Ore RR 6c Nav S e e Un Pac
Ore Short Lme S e e Un Pac
Oswego 6c Rome S e e N Y C
O C F & S t P S e e C 6c N W
2 108 114*2
108
ac Coast Co 1st g 5s__ 194( J-D 108 Sale 108
ac of Missouri S e e Mo Pac
A-O 102 ........ 102 Jan’03 . . . . 101 102*2
99 ........ 102 Apr’02 . . . . 101*2 102
M-N
Penn Co gu 1st g 4*23.......1921 J-J 109 *8 Sale 109*8 109*8 10 109*2113*2
J-J ........ 109*2 109*2 Jan’03 . . . . 109 *2 11234
96 ......... 102 Nov’98
M-S
96 ........ 98 Oct ’02 •••• 97*2 99
Guar 3 *2S coll tr ser B...1941
A-O
122 *2Jan’03 . . . . 122*2123
A-O
J-J 117 ........ 121 Oct ’00
A-O 118 ........
M-N
F-A
J-J
102 Nov’OO
J-J
J-J
A-O 1 1334 ........ 114*2 114*2 1 11434 116*2
A-0 11334 ........ 113 Dec’02 •••• 112 115*2
M-N *110
116*2 Feb’01
M-N 103 ........ 106*4 Nov’02
106^ 106*4
F-A
97*2
93*2 9634 96 Jan’03 •••• 97
J-J 128 ........ 127*8 Oct ’02 •••• 127*8 132
12734 131*2
J-J 128 ........ 12734 Oct ’02
130 Apr’01
A-0 128 ..
M-N 104 ......... 106 Dec’02
105*2110*2
N Y Cent & H Ii—( C o n t i n u e d )
N J Junc R gu 1st 4 s ...1986
Registered.................... 1986
N Y (fe Pu 1st con gu g 4s 1993
Nor<fc Mont 1st gu g 5S.1916
West Shore 1st 4s g u ...2361
Registered.................... 2361
Lake Shore consol 2d 7s. 1903
Registered.................... 1903
Gold 3*2*s....................... 1997
Registered................. 1997
Det Mon 6c Tol 1st 7s.1906
Ka Aifc G R 1st gu c 5s. 1938
Mahon C’l RR ist 5 s..1934
Pitts McK 6c Y 1st gu 6s. 1932
P
95
107 *2J’ly ’00
L10*4 Dec *01
293 103*8 112*i
MN 105 *2 Sale 105*2
Q-M
M-S 116*2........
106
F-A 104
F-A
94
104*2 16 102*4 106*4
95 591 90*2 111 V
M IS C E L L A N E O U S BON DS—Continued on N ext P a g e
Telegraph and Telephone
Am Telep 6c Tel coll tr 4s 1929
Comm Cable Co 1st g 4 s . .2397
Registered....................... 2397
Erie T & T col tr g s f 5s..1926
Met T 6c T 1st s f g os.......1918
Mut Un Tel Co S e e Westn Un
N Y 6c N J Tel gen g 5 s..1920
No Westn Teleg S e e West ”
West Union coltr cur 5s.1938
Fd and real est g 4 * 2 S . . . 1 9 5 0
Mut Un Tel s fund 6 s ...1911
Northwestern Tel 7s___1904
Coal and Iron
97*alOO*8 Col F 6c I Co gen s f g 5 s ..1943
Convertible deb g 5s___1911
100*2100*2
De Bardel C 6c I S e e T C 6c I
•••••• ••••*•
Gr Riv Coal 6c C 1st g 6s..1919
•
• •••• •
114 114*2 Jeff 6c Clear C 6c 1 1st g 5s. 1926
2d gold 5s........................ 1926
Kan 6c H C 6c C 1st s f g5s.l951
M-N . . . . . . ............. 113*4 Oct *01
Pleas Val Coal 1st g s f 5s.1928
J-J *109*2........ 109 Jan ’03
1097s 113*2 Roch6c Pit C 6c I pur m 5s. 1946
M-N 104 Sale 104
10438 86 103*8 10934 Tenn Coal T Div 1st g 6s.al917
Birm Div lstconsol 6 s..1917
M-N
111 J’ne’02
110*4 113*4
Cah C M Co 1st gu g 6s. 1922
J-J
De BarC 6c I Co gu g 6s. 1910
Wli L E 6c P C Co 1st g 5s.1919
J-J
Q-J
Q-J
J-J
M-N
C oal and Iron
Cah Coal Min S e e T C I & R
Clear! Bit Coal S e e N Y C & H
Col C 6c 1 Dev Co gu g 5s. 1909 J-J
Col Fuel Co gen gold 6s... 1919 M-N * ........ i l 2
P7iaAng*02
100*2 Apr’02
100*2 Oct ’00
109 Oct ’99
114 N ot’02
55 Nov’OO
110*2 Aug’02
* No price Friday; latest bid and asked this week,
a
Due Jan
110*2115
b
Due Feb
........ 104*2
Sale 93*4
A -0
J -D
J-D
J-J 100 ........
J-J
M-N
A-O 107 ........
J-J 106*2 108
J-D
F-A
J-J
M anufacturing A: Industrial
Araer Bicycles fdeben 5s 1919 M-S
A in Cot <>i1 ext 4 K>s..........1915 O-F * 99*2 io i
e
Due .uay ./
\
lie
ne
mic J’ ly
p
Due Nov
115 J’ne’02
107 May’97
80 May’97
106*4 Feb’02 —
105 Oct ’00
108
115
106
106*4
106 111*2
107*2 Jan ’03
106 *eJan’03 — 108 113
105 Feb’OO
102 *8 Nov’02 .... 100*2 104
32 Jan’00
36*2
100
38
TOO
29
16
5 Option sale.
38
98
73
102
J anuary 2 4 ,
Bond Rec6rd — Concluded— Page
1903.J
BONDS
N. Y. STOCK E X C H A N G E
w k k k endino j a n
23
Penn BR—( Continued)
Peo Ac Ea»t See C C C Ac St L
Pere Marq—F Ac P M
1st consol gold 5s.
Pme Creek rog guar us..
Pitts Cin Ac St L See Pc
Pitts Clev Ac Toi 1st g (3s.
Pitts Ft W Ac Cli See Pe
Week' 8
Range or
Last Sale
Price
Friday
Jan 23
Hoi
>M-N
M-S
>M-N
) I- -A
J-J
j J.J
M-S
i
Q-F
M-N
> A-O
1 M-N
1 A-O
|<\A
-J -D
)~
A-O
J-J
A-O
J P M Ac CO certts.
Rensselaer Ac Sar See D Ac H
Rich Ac Dan See South Ry
Rich Ac Meek See Southern
Roch Ac Pitts See B K Ac P
Borne Wat Ac Og See N Y C
104
108
100
112
A 8k Low
112
102 N ov’97 —
11 2 34 Mar’OO
111
D e c’02
117
May’00
129
137
111
J-J
A-O
A-O
J-D
J-J
J-J
J -J
Kut-Canad 1st gu g 4 k a -1 9 4 ‘. J -J
ag Tus Ac 1L See Pere Marq
S alt Lake C 1st g s f 0S..191;: J-J
J-J
J -J
A-O
St L Ac Cairo See Mob Ac Ohi
St L Ac Iron Mount See M P
!St L K C Ac N See Wabash
S t L M B r See T R R A of St
M-N
M-N
General gold Os.............. 1931 J-J
General gold 5s.............. 1931 J-J
J -J
A-O
Reluudm g g 4 s........... 1951 J-J
K C Ft S Ac M co n g 6s.. 1928 M-N
|! K C Ft S Ac M By ref g 4s 1936 A-O
Registered....................193 A-O
St Lotus So See Illinois Cent
St L S W 1st g 4s bd ctfs.1989 M-N
! 2d g 4s me bond c t fs ...2)1989 J-J
Trust Co otls................
Consol gold 4s................. 1932 J-D
! Gray’s PtT er 1st g u g 5 s 1947 J -D
St Paul Ac Dul See Nor Pacific
St Paul M Ac Man 2d 6 s ... 1909 A-O
1st consol gold 6s............1933 J-J
Registered.................... 1933 J-J
Reduced to gold 4 k s.. 1933 J-J
Registered................. 1933 J-J
Dakota ext gold 6s____ 1910 M-N
Mont ext 1st gold 4s___1937 J-D
Registered.................... 1937 J-D
E Minn 1st div 1st g 5s. .1908 A-O
Registered.................... 1908 A-O
Nor Div 1st gold 4s___1948 A-O
Minn Union 1st g 6s___1922 J-J
Mont C 1st gu g 6s........ 1937 J-J
Registered.................... 1937 J-J
• 1st guar gold 5s..........1937 J-J
Will Ac S F 1st gold 5s.. 1938 J-D
S t P & N o r P a c See Nor Pac
StP <fc S’x City SeeCStPM tfcO
S Fe Pres Ac Ph 1st g 5 s ...1942 M-S
8 A Ac A P See So Pac Co
S F Ac N P 1st sink f g 5s. 1919 J-J
8av if Ac W 1st gold 6 s ....1934 A-O
1st gold 6s........................1934 A-O
St Jolin’s Div 1st g 4S...1934 J-J
Ala Mid 1st gu gold 5s.. 1928 M-N
Bruns Ac W 1 st gu g 4 s.. 1938 J-J
SU Sp Oca & G gu g 4s. .1918 J-J
Scioto Val Ac N E See Nor Ac W
Seaboard A ir Line g 4s ...1 9 5 0 A-O
Coll tr refund g 5 s ........ 1911 M-N
Seab Ac Roa 1st 5s..............1926 J -J
Car Cent 1st con g 4s. ..1949 J - J
Slier Shr Ac So See M K Ac T
SU Sp Oca Ac G See Sav F Ac W
Sod Bay Ac So 1st g 5s.......1924 J -J
So Car Ga See Southern
So Pao Co—Coll tr g 4 k s .. 1905 J-D
Gold 48 (Cent Pac coll), /cl949 J-D
Registered................/cl 949 J-D
A Ac N W 1st gu g 5s___1941 J - J
Cent Pac 1st ref gu g 4s 1949 F-A
Registered.................... 1949 F-A
Mort guar gold 3ks..A:1929 J-D
Registered.............A;1929 J-D
Gal Har Ac S A 1st g 6s.. 1910 F-A
2d gold 7s......................1905 J-D
Mex Ac Pac 1st g 5 s ....1931 M-N
Gila V G & N 1st gu g 5s. 1924 M-N
Hous K At W T 1st g 5 s.1933 M-N
111k
127
29 1130 130k
O c t ’Of]
Jan ’ 03
121 125
Jan ’03
112 115
Jan *03 . . . . 1 1 1 k 117
N ov’97
107 k Oct J98 - ■>- . . . . . . . . . . . .
120
119
120 Oct *01
1 1 3 k ........ 112k D e c’ 02 . . . . 112k 112k
119 N ov’02
98 J ’ l v ’97
9 9 k ........ 101 k N ov’02
101 N ov’02
120k D e c’ 02
M-N 115k
9734 Sale
97
98 *-4 189
J-J
92 A p r’ 01
J-J
95 *e Sale
95k
90
14
A-O
A-O
j .j
J-J
Range
Year
1202
High Ao Low H igh
127
101
121 k
111 k ........ 111
113
112k
125
© z,
120
119
121
100
100
111
95 k
102 k
101
120k
101
92
98
9734 Sale 9 7 k
98k 44 99 102*8
91 k Sale 9 1 k
5 9 1 k 9534
91k
97 Jan ’02
94
97
97
n o 112k 112k J a n ’ 03
112k H 5 k
82
77
80 k J ’ly*02 . . . . 80 k 82 k
94 k N ov’02 —
91
945«
lO lk N o v ’Ol
.........
04
94
JaD *03 . . . .
105k Jan *03
108 k A ug’02
129
129
114
114
95 k Jan ’ 03
100 Jan ’02
9134 Sale 91
9134
12 5 k J ’ne’02
124 k
88 Sale
87k
88k
10538
105k
129
114 115k
* 94*2 07
9034 Sale
82
84
100
80
05
99 k
105k 111k
. . . . 107 110k
3 130 134
8 114 118k
. . . . 96 101
100 100
3 93k 98k
. . . . 125 k 125 k
35 8 6 34 9434
90k
97k 19
85 k Jan *03 ••••
81 k J’ ae’ 02
8434 Jan ’ 03
94 100k
77
90 k
80*o 813<±
80
90 k
112*8
113k Jan *03
112 117
1 3 5 k l3 6 k 135k Jan *03 . . . „ 133*8 141k
140 May’ 02
139 140
111 Sale 111
111k 12 112 115k
116k A p r’01
1 13k N ov’02 *•mrn i 13 k n 8 k
113 k
103 103*8 103 k 104
4 102 k 109
106 May’01
105
107 k Sep ’02
106k 107k
128 A pr *02
134 k Jan *03
115 A p r’97
118k 119k 1 2 4 k J ’ iie’ 02
125 k F e b ’02 —
121k
134k
111
108
128k
114
94
112 34
95 k
95
133k 141k
124 k 125
124k 125 k
Aug’01
11334 D e c ’01
128 " Oct ’02
128 128
123 D e c ’99
95 k N ov’01
112k N ov’ 02
iio il2 k
87 Aug’01
97 060*02 .... 8 9 k 96
83*8 84
34 82 k 90
83 k
84
102 102k 102k 102k
4 100k 105 k
110
10434 F o b ’98
95
97 " Oct *02 —
96k 08
102
102
9 8 k Sale
91*8 Sale
101k Sale
8 6 k 87
87
110*8
10434
107
107 109
105
102
1
98*8
09
19 9734 101*6
96
91k
91*8 208 89
95 Apr *02 . . . . U4k 95
111 J’ ne’OI
52 100 104
10134 102
99*8 J’ ne’OO
10 8434 89 k
86k
87
112
108
110k
112
103
112
3
Mar’02
A p r ’02 . . . .
Oct *02
A ug02
109k
108
109k
108
103
ii3
108
110k
112
106
4
199
BONDS
N. Y. STOCK E X C H A N G E
W eek E n d in g ja n 23
Price
Friday
Jan 23
Southern Pac Co—( Conlinxiea)
H E Ac W T 1st gu 5s red. 1933
II Ac T C 1st g 5sin t g u ..l9 3 7
Consol g 6s int g u a r... 1912
Gen gold 4s int guar.. 1921
W aco Ac N W div 1st g Cs ’ 30
M organ’s La Ac T 1st 7s. 1918
1st gold 6s....................1920
N V T & Mex gu 1St g 4 s.l9 1 2
N o ot Cal 1st gu g 6s---- 1907
Guaranteed gold 5s___1938
Ore Ac Cal 1st guar g 5s. 1927
S A Ac A Pass 1st gu g 4s. 1943
So P of A r gu ls t g 6 s ...c l 909
1st guar g 6s..............c l9 l0
8 P ol Cal 1st g 6s........ 1905
1st g 6s senes B .......... 1905
1st g (is series C Ac D ...1906
1st. g 6s series KAc F ...1912
1st gold 6s.................... 1912
1st con guar g 5s........ 1937
Stamped.......1905-..1937
S Pac of N Mex l s t g 6s.. 1911
S P Coast 1st gu g 4 s ....1937
Tex Ac N O 1st 7s............ 1905
Sabine Div 1st g 6 s....1912
Con gold 5s...................1943
Southern—1st con g 5 s ....1994
Registered.................... 1994
Mob Ac Ohio coll tr g 4 s.. 1938
Mem Div 1st g 4 k -5 s ... 1996
St Louis div 1st g 4s___1951
Ala Ceil R 1st g 6s........ 1918
Atl Ac Danv 1st g 4s.......1948
A tl Ac Yad 1st g guar 48.1949
Col Ac Greenv 1st 6s.......1916
E T Ya Ac Ga Div g 5 s ..1930
Con 1st gold 5s............ 1956
E Ten reor lien g 5s.......1938
Ga Pac Ry 1st g 6s........ 1922
Knox Ac Ohio 1st g 6 s ...1925
Rich Ac Dan con g 6s___1915
Equip sink fund g 5 s ..1909
Deb 5s stamped............ 1927
Ricli Ac Meek 1st g 4 s ... 1948
So Car Ac Ga 1st g 5 s ....1919
Virginia Mid ser C 6 s ...1916
Series D 4-5s................1921
Series E 5s.................... 1926
General 5s.................... 1936
Guar stamped.......... 1936
W O Ac W 1st cy gu 4 s.. 1924
W est N C 1st con g 6 s..1914
S Ac N Ala See L Ac N
Spok Falls Ac Nor 1st g 6s. 1939
Stat Isl Ry 1st gu g 4 k s ..l9 4 3
Sunb Ac Lew See Penn HR
Syra Bing & N Y Sec D L Ac W
f r e b o & N See M K Ac T
1 er A of St L 1st g 4 k s. .1939 A O
1st con gold 58....... 1894-1944 F-A
St L M Bge Ter gu g 5 s.1930 A-O
Tex <& N O See So Pac Co
Tex Ac Pac E Div 1st g 6s ..1905 M-S
1st gold 5s....................... 2000 J-D
2d gold ino 5s................. ?2000 Mar
La Div B L 1st g 5s.......1931 J -J
Tol Ac O C 1st g 5s..............1935 J-J
Western Div 1st g 5 s ...1935 A-O
General gold 5s............... 1935 J-D
Kan Ac M 1st gu g 4s___1990 A-O
Tol P Ac W 1st gold 4 s ....1917 J-J
Tol St L & W pr lien g 3^3.1925 J-J
50-year gold 4s............... 1950 A-O
Tor Ham Ac Buff 1st g 4s.A1940 J-D
t e r & D e lls t c o n g o s 1928 J-D
U is
n Pac R R Ac 1 gr g 4 s ..1947 J-J
Registered.................... 1947 J-J
1st lien convert 4s........ 1911 M-N
Registered.................... 1911 M-N
Ore Ry Ac Nav con g 4 s.1946 J-D
Ore Short Line 1st g 6 s..1922 F-A
1st consol g 5 s ..............1946 J -J
4s Ac participating___1927 F-A
Utah Ac Nor 1st 7s........ 1908 J-J
Gold 5s...........................1926 J -J
Uni N J R R & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah Ac North See Un Pacific
Utica Ac Black R See N Y Cent
\J er Val lnd Ac W See Mo P
▼irginia Mid See South Ry
1st gold 5s.......1939 M-N
W abash
2d gold 5s................. 1939 F-A
Debenture series A .......1939 J-J
Series B ......................... 1939 J-J
1st lien equip s fd g 5 s ..1921 M-S
Dot Ac Ch Ext l s t g 5 s ..1941 J-J
Dos Moin Div l s t g 4 s ..1939 J-J
Om Div 1st g 3k S .......... 1941 A-O
Tol Ac Ch Div 1st g 4 s ... 1941 M-S
St Chas Bridge 1st g 6s. 1908 A-O
Warren See Dei Lac Ac W est
Wash Cent See N or Pac
Wash O Ac W See Southern
West N Y Ac Pa 1st g 5s.. 1937 J-J
Gen gold 3-4s...................1943 A-O
Income 5s...................... c/1943 Nov
W est N o Car See South Ry
W est Shore See N Y Cent
W Va Cent Ac P 1st g 6 s ..1911 J-J
Wheel* g & L E 1st g 5s. ..1926 A-O
Wheel Div 1st gold 5s.. 1928 J-J
Exten Ac Imp gold 5 s ...1930 F-A
1st consol 4s.................... 1949 M-S
W ilkes Ac East See Erie
W il Ac Sioux F See St P M Ac M
Winona Ac St P See C Ac N W
W isCent 50-yr 1st gen 4s. 1949 J-J
Week's
Range or
Last Sale,
Range
Year
s.
1202
A 8k
106 k
111k
112
Sale
......
........
........
Law
102 k
110k
112
94
127 k
130
122
High A o Low
D e c’ o2
102 k
31 110
in
J a n ’03
110k
94
5 90 k
....
F eb ’ 02
125 k
N ov’ 02 .... 130
SeD ’ 02
122
106 ........
117 ........
99 ........
8 o k Sale
107 k ........
1 0 8 k ........
105 k ........
106k ......
10834 ........
1 1 9 k ........
1 1 9 k ........
113
105 k
86
112k
112 k
105k
108
110k
J a n ’01
N ov’01
86 k
A p r’02
Aug’ 02
D e c’ 02
D ec’ 01
Jan ’02
Hi a
104
110 k
M ilk
94
......
129 k
117
109 k i 10
........ 112
High
102 k
112k
114 k
97
127 k
137
123k
1...................
26
....
....
....
] 85
112 k
112k
105k
92
113
H 4k
108k
jiio k iio k
.
119 k H 9 k
119 k J ’ne’ 02
107 Nov’00
108k D e c’02
iio 8 k in
112 D e c ’02 — ;112 116k
105
........ 108 May’o2
108 108
111k Oct ’02 .... 111k 114k
164 ........ 108k J ’i y ’ 01
117 118 117k 118
20 118 124
122 122
*........ 117k 122 k J a n ’02
94 100
96 k 97k 96 J a n ’03
M14 ........ 113k Jan *08
112 k 115
5 99 101k
* 98 ........ 98 k
98 k
113 ........ 120 Mar’01
94 ........ 95 D e c’ 02
94
98 k
90 ........
120 Sep ’02
119 120 *
i l 5 ........ 115k 115k
i 116k 12(Jk
119k Jan 03 . . . . 118 122k
115 J a n ’ 03
........ i i o
113k H 7 k
123 ........ 124
124
9 125 129
124k 125k 124 Jan*o3 . . . . 125 127k
........ 118k 117k J a n ’ 03 . . . . 119 122k
100 ........ l o l k J ’l y ’OO
1 1 0 k ........ 111 D e c ’02
i l l l 113k
87 ........ 92 Sep ’02 ..
90
92
5 100 112
107 108k 107 k 107 k
j123 123
1 2 0 k ........ 123 F e b ’ 02
l l l k ........ 113 k N ov’02 . . . . 113 k H 3 k
115 ........ 115 J a n ’03
...................
15 114 117 *a
115 k Sale 115k 116
...................
116k D ec’ 01
95
98
98 A p r ’02
98
98
115
115
i o 1 1 7 k 1^1
122
100
........ 117 J ’ l y ’ OO
104 104 k Sep ’02 —
9 8 k 104k
112 113 111 O c t ’ 02
111 114k
i o 116k 119
1 1 8 k ........ 118
118
115 k May’02 — 112k 115k
102 ........
117 k Sale
98 ........
109
1 1 1 k ........
1 1 3 k ........
1 0 6 k ........
90
85
78
92
85 k
Sale
109k
103 k
102 k
105k
105k
101k
127 k
113
97k
112
Sale
Sale
Kale
Sale
Sale
128
114
Sale
11734 Sale
........ 1113!
........ 101k
7 6 Sale
1 0 5 k ........
109 Sale
........ 95
........ 85k
97 k ........
108 ........
101k Sep *02
i d k lo ik
nok
i n k i o 116 122
100 J a n ’ 03
96 102k
111 J a n ’03
112 J a n ’ 03
112k H 4 k
113 *8 N ov’ 02 . . . . 1 13*8113*8
107 J a n ’03 . . . . 107 H O k
95 J a n ’03 . . . . 1 9 4 k 9 8 k
91 J a n ’03
91
93 k
85
85
22 82 k 92 k
78
80
9i 75
87
9 8 k Aug’ 02 . . . . 97
99 k
110 J a n ’ 03
109 114
103 k 103 k 117 103 k 106 k
102k 102k 10 103 106k
105k 106k 1121 103 113*8
2 105k 106
105 k 105 k
101k 101k 7& 100 104k
127
127 k 13 125 129 k
113
113k 14 115 119k
97
98k 3291 9 1 k 96
115 N ov’02 . . . . 115 115
114 k A p r’ 02
114k 114k
117
117k
in
101k J a n ’ 03
76
78k
104k D e c’ 02
109
109
97 May’ 02
85 k Jan ’03
98 Mar’ 02
109 D e c ’02
110k
8
105
....
758
....
2
—
115
107
100
66 k
104 k
109
95
83
98
109
121
114k
104
89
107
111k
97
89
98
111k
4 118 121k
116k 118k 117k H 7 k
9 8 k 99k 9 9 k Jan ’ 03 . . . . 98 k 102
30 ........ 40 M.ar’ 01
109
114
no
113
92 k
........
........
........
........
92k
9 1 k Sale
1 14k Jan ’ 02
4
115
116k
113 S e p ’ 02
11 l k Oct ’ 02
92k
92 k 5S
91
91k
40
112k
113
112 k
in k
91
114k
115k
113
in k
97k
88
95
J1LSCE1J ,AXEO U S I
m anufacturing & InduMtrial
Am Hide Ac L 1st s f g 6 s..1919
Am Spirits Mfg 1st g 6 s..1915
Am Thread 1st col tr 4 s ...1919
,Bar & S Car Co 1st g 6s. ..1942
Consol Tobacco 50-yr g 4s. 1951
Registered 4s ...................1951
Distill of Aiuer coll tr g 5s. 1911
Uramercy Sug 1st gold 6s. 1923
Ml Steel Co deb 5s..............1910
Non-conv deben 5s........ 1913
Int Paper Co 1st con g 6 s.1918
Knioker Ice (Chic) l s t g 5 s.’ 2S
N at Starch M f g Co 1st g 6s 1920
Nat Starch Co s f deb 5s.. 1925
titan Rope A T l s t g 6 s...1946
Inoome gold 5s............... 1946
U S Leath Co s t deb g6s. .1913
, V S Shipbldg poll <fc mge 5s. *22
M-S
M-S
J-J
J-J
F-A
F-A
J-J
A-O
J-J
A-O
F-A
A-O
M-N
J-J
F-A
....
M-N
F-A
M iscellaneous
Adams Ex col tr g 4 s ........ 1948 M-S
95
95 k 39 94 100
88 Jan *03
80
9 1 k Am Dk Ac Imp 5s See Cent N J
80
83
Am SS Co of W Va g 5s. . . . 1920 M-N
80 J a n ’03 ___ 82
B ’kl’ n FerryCo 1st cons g 5 s ’48 F-A
105 Jan ’00
67 k Sale
69 k Chic Jo Ac St Yard col g 5s. 1915 J - J
67
6734 792 60
66 k Oct ’ 02
65 k 66k DetMtfe M ld g r incom es.. 1911 A O
09
99
99
Hoboken L Ac I gold 5 s ...1910 M-N
98
80 86
98
Mad Sq Garden 1st g 5 s ..1919 M-N
99*8 A p r’ 01
Man Bell H Ac L gen g 4 s.. 1940 M-N
100
99 Jan ’ 99
100
100 100
N ewp N e Ship tfc D 1) 5 s rfl990; J - J
100 May’ 02
N Y Dock 50-yr 1st g 4s.. 1951 F-A
110 Sale 110
110
i i 107 112
S t J osep h S t k Yds 1s 14 k s . 19 3 0 J-J
93
93 Aug’OO
90
93
95
95
l 96 110 k St L Ter Cupples Stat’ n Ar Prop
*
73
95
74
Co 1st g 4 k s 5-20 year.. 191/ J-D
80 Jan *03
74
S Yuba Wat Co con g 6s.. 1923 J-J
67 Sale
67
67 k l i 55
•
>
6 34 19
12
14
12
12
Sp Val Wat W orks 1st 6s 1906 M-S
114
l l l O k l l G k U S Red Ac Ref 1st s f g 6s. 1931
114k H 4 k
* 90
91 Jan ’ 03
95
90
95k
•No price Friday; latest bid and asked, a Due Jan
b
Due Feb c Due Mar <2Due Apr ^ D u eJ ’ue h D u eJ ’ly
k
104k 105
104k
105
s 103k 107k
100k 101k
100k J’ne’02
73
75
75 k S5k
........ 75
"
i
111
Max’
01
103 ........
72|
30
91k
87
88 k
8 6 k 87
Feb *02 . . . . | 38
50
........
101
94
94
101 F eb ’97
113 k J ’ lvMH)
85 J a n ’03
105
Due Ang
94
p
Due Nov
q
50
lJ 0 k 100
. ..5|
84 k
89k
Due Dec 5 Option sail
BOSTON STOCK E X C H A N G E -Stock Record, Daily, Weekly and Yearly
S hare Y ice s--N ot P er Cent 11in P rices
Saturday
Jan. 17
M onday
Jan. 19
Tuesday
Jan. 2d
Wednesday
Jan. 21
Thursday
Jan. 22
F rid ay
Jan. 23
STOCKS
BOSTON STOCK
EXCHANGE
Sales
of the
Week
Shares
R ange fo r Year
1902
low est
Highest.
flange tor Previous
Year ( 1901)
Lowest
Highest
R a ilroa d s
Atcli Top cfe santa FelOO 2,741 74*0 Jan 27 96 **>Sep 9 42% Jan 90% J'ne
I)o pref............... 100
3o:s 95*2 Mar 12 106 Sep 2 SO Mav 107% May
92 256*2 Dec 8 266 May 9 251 Jan 265 Apr
Boston cfe Albany__ 100
257 149*2 Dec 13 173 *2 Marl4 159 *4 Jau 190 J’ly
Boston Elevated___ 100
Boston cfe Low ell.......100
21 236 .i’ nel3 24S Apr «s| 238 J ’ly 248 Apr
558 190*2 Nov29 209 A pr28 189 Dec 200 Apr
Boston cfe Maine.......100
176
Do pref...... ........ 100
171 Oct 20 183 Apr 26 168 Feb
*299
16 297 *2 J ’ ne20 307 Mar26 297 May
Boston cfe Providence 100
50 150 Sep 30 172 Mar 2 6 143 *2 Jan 102 J'ne
155
155 Cine J u n cR y cfe U S A 100
30 123 Nov2l> 136 Mar26
*123
Do p r e f ............. 100
196
Jan ’(>3 Con cfe Mont Class 4 .. 100
196 Nov24 202 Jan 27 198 Jan
165
165 Conn cfe Pass Riv pref 100
40 160 J’ ne23 166 *2 Feb 10 160 .Jan 165 Dec
280
D ec’ 02 Connecticut R iv e r...lo o
280 Oct 22 295 Feb 6 276 .Jan *>£6 May
*285
141 Fitch bur a: pref..........100
203 141 Dec 18 143 M a rll 139 Jan 148 Apr
141
141 141
*44
47 J ’ly 25 50 J’nel 2
46
4.9*2 Sep ’02 Houston El’ trie com. 100
L a s t S a l e 17312 D e c’ 02 Maine Central .......... 100
172 Jan 7 178 .[’ lv 10
35% Mass Electric Cos___100
35 *2
567 33 Dec 12 45"s Apr21 24 Jan 45 J ’Jy
36
36
36
36
36
*36
36*2 36 *2 36*2 36
94
94
94
94
273 92 Jan 13 99 J ’he 6 77 % Jan 96 J’ne
94
Do pref...............100
94*4 94*4
94 Hi 94 H? 94*2 94*2 94
*26*4 27 *4 *25*2 26*2 *25*4 26 *4 *25*2 26*2 L a s t S a l e 2(5*2 Jan ’ 03 Mexican Central.......100 . . . . . . 22*2 Dec 1 31 Mar31 13 *2 Jan 29% May
222 N Y N H cfe H a rt.... 100
221 221
222
174 •210 Jau 31 254 A pr28 201 Feb 217 %J ’ne
221 221
223 223% 222 7e 223 *221 223
170 170
3 170 Jan 14 175 Jail 3 163 .Tan 173 N ov
Northern N H ..........100
L a s t S a l e 231
Jan ’ 03 Norwich <fe Wor pref 100
230 Jan 9
223 Jan 931 .T’ne
7 206 Dec 16
•>lo u, a pr
'207 ........ 207*4 207*4 *207
Old Colony........ T___ 100
207 207 *207
*207
82
84
84
193 68 May 20 85*4 Sep 1(: 30 Jan 95 Nov
8134 82
Pere Marquette........ 100
81
81
'81*2
81
8L
*81
82*4
*83
85
86
10 79 *2 May 19 91 J ’ly 30 70 Jau 89 Nov
*83
*82
84
"83
85
Do p ref.............. 100
85
83*2 83*2 *83
70
70 Rutland pref............. 100
71
501 6470 Dec 15 125*4 A pr23 87 Jan 120 Dec
71
68
70% *68
70
70*2 71
6734 68
Jan ’03 Savannah Elec com .. 100
L a s t S a l e 25
*23
25
*23
25
*23
25
25 Nov 3 31 J’ ly 30
*23
25
83
83
*80
82 Seattle Electric........ 100
110 58 Jan 8 90 Mavl 3 42 Aug. o i Dec
*78
82
*78
82
80
83
*78
82
102
102
27 103 Oct 6 110 M a rll 98 J'ue 108 Dec
Do pref...............lo o
104 104 *10.1 102 *101 102 *101 102
*102 104
101 % 10134 10034 10034 Union Pacitic........... 100 1,245 93% Dec 12 113 Aug26 78 *2 Jan 132 *2 May
102*8 102 7s 101 *2 101 % 102 102
10234 103
9434 94*4
76 86 % Mar 11 94 *8 Aug29 82 J an 1)9 May
94*2
Do pref...............100
94*4
*93% 94*8 93% 93Ge *94
93*2 93*2 94
L a s t Sa. Ic 774*2 D e c’02 Vermont cfe Mass___100
172 Jan 15 178 J’ ly 14
173 *o Aug
94 West End St............. 50
379 92*20ct 4 99 Marl 8 92 *2 Jan 99 Apr
94*2 94
94*2 94*2 94
94*2 *94
94*4 94*4 94*2 94*2
'112
112
112
128 111 *2 Dec 22 117 J’ nel () 110 Jnn 118 *4 Apr
112 112
Do pref............... 50
*112 ........ 112 112 *112
L a s t s a l e 26%
Jan ’03 Wisconsin C entral...100
19*2 Jan 28 34% J ’ly 29 17 Feb ' 4*4 Apr
L a s t S a l e 52
Jan ’03
Do pref...............100
39% Jan 28
40 *8 Dec 48 J’ ne
150
Wore Nash <fe Rocli 100
21 145 N ovl2 152*2 Mayl 2 150 Aug 155 Aug
i5 0 150 *
M iscellaneou s
276 19 D e c15 3 2 ^ J ’ly 29 20 Oct 3 4 % J ’ne
22*2 22*2 *22 *2
23
23
23*2 Amer Agricul Chem.100
23*2 22*2 22*2
*23*2 24*2 23
300 76*2 Dec 15 91 J ’ly 29 79 *2 Dec 91 J’ ne
82 34
*82
S*^% 82% 83*2 *82
Do pref...............lo o
82 *8 83
8134 83*4
82 *2 83*4
' 5 *4 5 *2 *5*4
45
4 Jan 21
6
6
5*2 Amer Pneu Serv....... 50
9% May22
5 *4 5 *4 * 5*4 6
3% Jan 11 Mar
*5*4 6
*20
24
*21
70 21 J’nel9 37 34 May22 28 Aug 33 Jan
22
*........ 18
Do pref............... 50
20
20
22
22
131 *8131% 130 131*2 129*213038 129 13058 129% 1303b 128*2 130 Amer Sugar Relin___100 8,361 112 % N o v i2 135*8 Ma'r31 103 Dec 152% J’ ne
521 115 Jan 4 123 Sep 4 112 Dec 130 j ’ly
Do pref...............100
121 3g 121 % 121 121*4 121 121 % 121 121*4 121 121*4 121*4 121*2
162 163 *2 163*8 163 *2 163 163*2 162
163 Amer Telep cfe Teleg.100 2,750 155 Mar 1 185% Apr 4 151 Jan 182 May
16334 164*2 163 164
1334
513 12 Dec 6 17*4 Jan 7 14 Oct 21 % Jan
13% 1334 *13
13*2 13*2
14
1334
13?4 Amer W oolen........... 100
1334 1334 14
78
79 *4 78*2
502 73 Apr 24 80% Jan 2 70% Mar 83 J’ly
79
Do pref...............100
78*2 78*2 78*4 78*2 78*4 78*2 78*2 79
k
5*4
4 78 534
43j Oct
334 May 5
5*4 Boston Land............. 10 1,030
5*8
4 Feb
20 122 *2 Apr 4 130% Apr 30 129 *2 Nov 140 Aug
124 Cumberl Telep <fe Tel 100
*........ 123
1.23* l'iii *121 123 *121 123 '119 121 *123
OD
57
5634 5634 56% 57*4
56 *2 Dominion Iron cfe S t....... 3,420 25 Jan 15 79% Aug20 20 Oct 39 Mar
58*2
57*2 58*2 58*4 58*4
7% 8
8*8 8 yie
7 N ovl2
8
8 *e
8*2
9% Feb
834 East Boston Land........... 8,126
9% Mar 2 7
7 Nov
7*2 7*2
<‘8 8*8
279 280
235 244 Jan 2 285 May 9 217 Jail 270 Mar
279*2 279H* Edison Elec IH um ... 100
270 272*2 *270 272*2 270 275*4 *275 280
72 17134 Oct 13 332% Apr 9 184 *2 Jan 288 Dec
187 187*4 188*2188*2 187 *2 187*2 187*2 187*2 General E lectric.......100
*185 188 *186 189
42
42
4134 Mass’ chusettsGasCoslOO 1,365 36*4 N o v i5 41% N ov °8
4 l 34
4034 4U34 41*4 413$ 41*2 42
41*2 41*2
8434 85
8434 84%
8434 85
8434 85
84 78
84%
Do pref...............100 2,174 82 N ovl4 87 % Oct 2
84% 84%
6 170 Jan 2 190 " Sep 8 153 Feb 182% Nov
189 189 *187 188 ~ 188 188 ' 18634 187*2 *187
*........ 189
18734 Mer gen thaler Lino.. 100
334 Mar
*2 %
185
1% Dec 12
2*4 2*4
2 3ie 23i 6
'2*0 2*4
3% Apr 7
2*4 2*4
* 2*8 ........
1*2 Dec
2*4 Mexican Telephone.. 10
La s t S a l e 86
87 Nov 13
* ........ 87 * ........ 87 <■
Jan ’03 N E Cotton Yarn pref 100
87 ' ........ 87
88 Dec 99 Jan
137 137*4 137
89 135 Jan 2 151 A p r30 127*2 Jan 146 Apr
137 N E T elephone..t___100
137 137
138 138 *136 137*2 137 138
*16
20
155 21 Dec 11 41 *2 Sep 10
18
19
18 Plant Comp new com. 100
18
18
19
19 k
18
18
236 236
235
88 216 Jan 7 250 " j ’ly21 198 Jan 2*25 Oct
236 236
236 Pullman Co................ 100
234 234 *234 236 *233 235
934
6 Jan 23 10 *a Oct 30
"9
Jan ’03 Reece Button-Hole
9 Jan
*.
..
934 *........
*9
9 *2 La s t S a l e 934
10
9*2
5% Oct
99 100 Jan 9 177 J ’ly 28 100 Dec 110 Mar
*125 127
126 126 *125 *2 127 *125
126 Swift cfe Co................ 100
126 127*2 127 127
30 26 Oct 9 27 Jail 2 25*2 Dec 29 Aug
"26
27
26
26
26
*26
27
26 Torrington Class A .. 25
*26
27
'2 6
27
*29
30
*29
30
*29
30
30
Do pref............... 25 L 101 28 Jan 23 30 Oct 39 27 Jan 29 May
29
2934 *2934 30
*2934
1*4 Aug 15
* 134 2*8
* 134 2*8
5 Mar
Jan ’03 Union Cop L’d cfe M g. 25
2 *2 MarlO
2 Nov
" 1% 2 *b L a s t S a l e 1%
* 1 % 2*8
109*2 110
815 85*2 Jan 8 117 Sep 22 73 Sep 137 Mar
109*4 110
no
no
United Fruit............. 100
109*8 169% 109*2 109*2 109*2 110
50*4 51
*50
52
50
577 46 Jan 2 57% May 1 30*4 Feb 48*2Nov
50
50
50
52
*51
52
52 United Shoe M ach... 25
249 29 Jan 2 33*2 Apr 28 23% Jau 30 Sep
31
Do pref............... 25
30*4 3034 3034 3034 30 *4 3034 3034 3034 3034 3034 31
123s 1230
5 11*4 Jan 25 15 *4 Sep ‘22
U S Leather............ lo o
9 May 16% May
89*« 89*8
10 80*4 Jan 22 91*2 Sej) 22 74 Jan 83% Aug
Do pref...............100
100 13*2 Jan 25 19% Oct 2 13 *2 Oct 34 Jan.
.100
17*0
17*8 U S Rubber _ __
55
55
25 49 Jan 2 62*4 Mar25 46 Dec 82% Jan
Do p r e f . . _____ 100
55
55
37
37
37*2 37*2 37*4 37*4 3678 37
3 6 *2 37
37
37 U S Steel Corp.......... 100 1,203 29*2 Dec 15 46% Jan 7 33 May 54 % Apr
87
87
87
89% 89% £8738 87%
87
Do pref...............100 1,285 7 9 *2 D e c l 5 97 *2 Jan 7 86 *2 J ’ly 101 s8 May
87
87
86 34
87*4
"•60 *90 *•60 •90 *•60 -90
1 % Feb
*•60 *90
L a s t S a l e •50
Jan ’ 03 West End Land........ 25 . . . . . . •72*2 M arl 1 1*12*2 Apr 15
*2 Oct
711 22 Dec 15
*........ 26*2 26
26*2 26*2 26 *2 25
247s 25
26
247* West Telep cfe Teleg.100
24 7a
433 91 F eb 28 IO6 H2Apr 4
99
Do pref.......... w 100
100*2 10134 a;98 ‘2 99*2
*100*2 101 *2 101 101*2 100 % 101
99 ~
86*2 Jau 11 115 *2 Apr 9 54 Jan 89 *2 Dec
*104 108 *103 108 '103 108 *102 107 ’ L a s t s a l e 106 *2 J a n ’ 03 Westing El cfe M fg ... 50
89 J an 29 117 Apr 9 66 Jan 91 Deo
*104 108 *103 108 '103 108 *102 107
Do pref............... 50
L a s t s a l e 108
Jan ’03
Mining
15
157e 14*2 15
16
16
15
14*2 14*2 14*2 15
15*4 Adventure Con.......... 25 1,637 1 2 *2 D e c l 6 $24*2 Apr 28 59 *2 Jan 33 Sep
2 Aug 18 4% Mar 3 51% Oct 56*4 Aug
3*2 3 78
3*2 334
358 5*4
4 7s 57ie
8*8 3*2
5 A llou ez....................... 25 27,719
434
64
63 *2 65
63
63,{8 63%
63
Amalgamated CopperlOO 10,893 53*eNovl5 78% Feb 1 60% Dec m ^ J ’ne
63*2 64*4
63
64*4
64
l*o Nov2 4 3% Apr 8
2 *
2 * .......
510 J’ne
L a s t s a l e 1 *2
* ........
2 *........
2
Amer Hold Dredging 5
2 Nov
6 Dec 24 16*8 J ’ly 14
9 Feb 18 Apr
* 6*2 8
* 6*2 7*2
Jan ’03 Am Zinc Lead cfe "Sinl 25
*6 *2 8
* 6*2 7*2 L a s t s a l e 7
24
*24
24 *2 24
10 21 N ovl5 35 Jan 31 29 Dec 53 Apr
*23 *2 24*2 *23*2 24*2 *23*2 24*2 *23*2
24 *2 Anaconda.................... 25
3*2 Jan 14 13*4 MarlO
434 4%
434 4%
434 4 78
3% Dec 24% Mar
4 *2 434
4%
4*2 4 *2
434 A rcadian .................... 25 2,700
534 Mar
*•50 *75 *•50 •75
*•50 *75
*50 *50
350 •37*2 D e c l 8
*•50 *75
•50
1 Jan 31 50c. Dec
•50 Arnold ....................... 25
6 Dec 23
9
9 34 10
9*0 9*o
9*4 9*4
25 1,324
9 Dec 30
9 *2 9*2
9*2 9 78
9*d Atlantic $9*80 paid
33% 34
32
33 *2 33% 34%
33*2 34*4
33%
33*2 34
34 Bingham Con Mm& S 50 12,406 20*2 Jan 17 39% Apr 21 15*2 Jau 4 3 % Aug
1 78 Mar
*•70 -80
•70 *70
*75 •75
•75 -75
775 •40 J ’ly 21 l* 2o Mar 6
*•70 *80
1 Jan
•70
•75 Bonanza (Dev C o)... 10
k
712 Jan
* ........
3 *......... 3
3 *........
3
L a s t S a le 5
Boston (Quicksilver) 10
5 Apr 23
5 % May
*5*4 6*4
*5
6
*5
6
150
4*2 4%
"5
6
*5
5 Hz
Id 10 HaMar 1 011*4 Oct 23*8 Jan
6 British Colum (Ltd)l 5
535 540
540 540
540 540
530 530
164 420 Dec 2 650 Feb 1 535 Dec 860 Mar
530 535
525
525 Calumet <fe Hecla___ 25
10 A p r il •12 Jan 20 •12 Dec •22*2 Apr
*•08 *10
*•08 *10
•10
*•08
'•08
-10
L a s t s a l e •10
D e c’02 Catalpa (S ilver)........ 10
2434 2534 25
26*4
24*2 25*2 24% 25*2 25
2534 2434
25% Centennial................ 25 14,279 11 Jan 14 28 MarlO 10 *2 Dec 3 4 % May
6*4 Dec 4
7
7*4
7 Central Oil ___ ... 25
500
7
7
8 % May 3
8 Aug 13 *'eb
7*2 7*2
7*2 7*2
*........ *25
•25 Apr 24
L a s t S a le •30
Cochit-i Tr Co roots
10
2 " Jah 8
1% Dec 13*4 Jan
l% J an 2
4 Apr
134 134
134 134
2% J ’ly 8
1*4 Nov
134 134
1%
1%
134 134
134
134 Cons Mercur G old... 5 5,210
15 Oct 21 19% J’ly 26
L a s t S a l e 16
64
65
65 *2 64
66*2
65*4
63
65
6334 64 *2 6234
64% Copper Range Con Co 100 20,816 4334 Marl7 65*4 Oct 29 44 Dec 55 Deo
42
42*4
42
42
36 *2 41*2
39 *2 *38*2
40 D a ly -W est................ 20 2,585 18*4 Mar 1 56 J ’ly 8 28 Nov 41 J’ ue
37*2 39*2 39
*130*2131% *130 1315g '130 131*2 *130*2131 *130 131
150 54 Jan 2 146 % Sep 5 32 May 53 % Deo
130
130 Dominion Coal.......... 100
113 D e c26 119 Jan 23 108 Jan 120 Dec
*115 ........ *115 ........ '115
7/ 0 s t S a l e 113
Do pref
100
'115
*3
1*2 Jan 16
7 Mar
234 3
3 *8 3%
3*2
5 *2 Mar 1
2 Dec
3
3
3% Elm R iver.................. 12 8,796
3 *8 3 78
3*2
7*2 Lee 12 15% Feb 3 11*2 Dec 25 Mar
1038 10*2
10*4 10*4
10*2 10*2
483
10*4 10*4
10*4 10*2 10
10 Franklin..................... 25
2 *2 Dec 10
‘2 78 3
3
3
2 78 2 78
4 Dec
8 % Oct
*2% 3*8
5% Jan 3
2 78 3
*234
3 Guanajuato Consol.. 5 2,160
12
9 34 Dec 16 25 Feb 1 18*2 Dec 56 >2 May
13
13*4 *10
10*2 13
*10
12
11*2 12
11*2
11*2 Isle Roy ale (Copper). 25 2,310
16
16
15*4 1534 1534 16*4
15*4 1534 1534 1534 15*2
15*2 Mass Consol............... 25 3,195 12 *2 Dec 19 21 *2 May 9 11 Jan 37% Sep
1 *2 Sep 29
5% Oct
2
2*8
2*8 2*4
3% Mar 4
1*2 J ’ne
2*4 2*4
2
2*8
2310 2 7io
2*4
2*2 Mayflower.................. 25 2,955
3 Jan 6 4 J an 8
J, a, s t S ale. 4
6 Jan
Merced ( Hold 1
1.5
4 Aug
7 N ovl2 $13*4 MarlO 55% Feb 20 Sep
10
10*2
*9
*9*2 10
9*2
260
9
9 *2 9 *2
9 *2 9 *2
9 M ichigan.................... 25
45% 47
|49% 51*2
50
51%
50
52*2 5178 5234 51
51*2 M ohaw k..................... 25 8,304 d27 Jan 14 49*4 Sep 9 522 Jan 56% Sep
7
3 J ly 2 0 6 Oct 2
7 Jau
4 Feb
*6*2 634
6 *2 6 *2 *6
*6
7
250
6
6
6
6 Montana Coal cfe Coke 25
17g J ’ly 22
5 % Dec
2*8 2*4
2*4
4% MarlO
4*4 Dec
2*16 ‘3*8
2*8
2*10 2*8
2*8 2*8
*2
2*4 Montreal cfe Boston.. 5 11,135
1 Jan 25
"1
*1
1*2
*1
1*2
4% Aug
1*2
50
1% Jan 31 50c. Jan
*1
1*2
*1
1*2
1%
1 % National..................... 25
2
2
2*8 23h
3 Aug
5% Oct
2*4 2 38
2
2%
23i 6
23i0 2*4
2*4 Old Colony................ 25 2,207 •75 Dec 15 4 *2 MarlO
19
19
19
19% *18*2 19*4
444 14 *2 N ovl9 25 Feb 1 20 *2 Dec 38% Mar
18*2 18*2 *18*2 19
IS
18 Old Dominion (Cop).. 25
63
61
61
61*2 62 34 62
60*2 61
61
61
61
61- O sceola...............L l._ 25 1,582 47 *2 N ovi 2 89% Feb 1 72 Dec 120 Sep
28
28
28
28
27*4 27 *4 27*2 27*2 *27
314 21 N ovi 9 34 Feb 1 27 *2 Dec 58 Apr
28
26
26 Parrott (Silv cfe Copp) 10
5"*2 "5
3 Dec 8
5% 5*2
*5
5*4 o%
3 % May 8 % Sep
5 Mayl4
5*4
Pine nix Consol.......... 25 1,000
4 7s 5
110 114 *105 120 '1 1 0 112
110 110
110 n o
122 100 Nov28 147 Feb 1 125 Dec 187 Apr
110
Quincy........................ 25
ill
1 % J’nel4
3
3
3
2 7e 3
3*4
3 *4 Mar 3
3 Dec 10 Feb
3
3
650
3 *8 3 *8
3
3 Rhode Island............. 25
1*2 Sep 17
2*4 2 -\
4 Feb 1
2 *4 Dec 1 0 %Apr
2*8 ‘3*8
2*4 2*2
238 2 %
2 38 234
29i 0
3 Santa Fe(Goldcfe Cop) 10 5,830
10 % 1 0 % *10*4 11
8 Nov 17 18 May 2 2
11
11
1 (\3a
10 % 10 %
665
* 10*2 11
1034
149 152
152 102
*147 150
152 152
150 150
268 140 Dec 6 281 Feb 1 230 Dec 363 Sep
150
150 Tam arack.................. 25
"1
*1
1*4
1
1
1*4
150 •50 Jan 6 3% J’nel 8 •62 *2 Dec 53 Fob
'1
1*4
*1
1*4 1%
1*2 T ecum seh.................. 25
93
93
92
92
*90
93
91*2 92*2 90*2 92k
91
91*2 Trim ountain............. 25 1,356 $34 Jan 2 125 Feb 26 519*2 Jan 5S Sep
8 Dec 11 18*2Mac 3 10 Dec 41 J'ne
1138 1 1 % 11*4 11%
10*2 11
11
11*2
11*8
11 % Trinity........................ 25 3,672
11*8 11 Hi
27 Sep 24 35% J ’ly IS
Jj a s t S a l e. 31 *0
9 *2 Jan 24 Apr
22*8 ‘3 27e 22% 23
22*4 2 2 % 22 % 22*8 22*8 22 3e 22
22*4 U S Minina v tr ctfs. 25 5,143 13*4 Jan 14 23 Dec 31
13 N ovl4 18% J ’ly 24
1‘A3a
1 *-43.
14
14*4
14
14*2 14*2 14 *2 1438 14%
1334 14
25*2 27 7s 26*2 2834 26*2 27*4
27
27*4
26*2 27*4
26*8
267e Utah Con (G old)trrc4‘85 24,877 1 9^ J ’ly 14 27% Feb i 18 *2 Dec 37% Mar
4 Dec 12
0*2 May 12 Sep
634 6 78
7 Oct 20
505
634 634
634 634
634 634
6*2 634
6 % V ictoria ..................... 25
6*4
1 % Dec 10 Fel>
7% «
6 A ugl5
8
834
8
830
8
8*8
8*0 8 ^
7 78
8*8 W inona....................... 25 15,580 $1 Jan 14
69 7s 69%
69*2 69%
69
69
70
359 42 Jan 14 65 Dec31 44 Dec 73 Sep
69
69*2 *68
68
68 Wolverine ................. 25
2 % Feb
1 May
680 50 N o v l 8
1% J ’ly 30
*1*8 1*4
1*4 1%
1*2
*1 % 1*2
1%
l 3®
1%
1 % W ya n d ot.................... 25
87% 89*8
99% 100
257 258
‘258 ‘258
152% 152% 15234 153%
240 240
*240 241
391 Hi 1921* 192 192
*17 5
*175
301 301
*1500
*154 150 *154 156
12234 122 %
*123
*
200 * ...2 0 0
*........ 165
* ........ 165
*285 ........
*285
140*2141
140*4 141
'4 4
45
*46
48
8 8 % 88 %
100 100
87
87 34
9934 9934
"■257 259
153 153
'240 243
191*2 192
*175
*300
152 152
" 1 2 2 *^
*
200
8734 87%
9934 9934 99 % 100
257 257
257*2 258
153 153*2 153 153
*239 241 "240 241
190*2 191
190*2 192
*175 ........ L a s t S a l e
300 300 *300 ........
154 155 '154 157
*123 ........ *123 ........
L a s t S a le
*........ 200
165 165*4
'2*85 ........ L a s t S a l e
141 141
141 141
L a s t S a le
*44
46
8634 8734
feBefore p ay’ t of assess’ ts called during 1901L
d
87
99%
258
153
241
190*4
87*2
99%
258
153*4
24 L
190*4
D ec’ Oj
Before p a / ’ t of assess'te called d arin g 1902.
*Bid and asked prices.
||N e w stock.
f A sse ssm e n t paid.
January 24, 1903.]
BONDS
BOSTON STOCK E X C H ’ GE
W eek E nding J anuary 23
Int'st
Period
B oston
Week's
Range or
Last Sale
Price
Frldcvy
Jan 23
Hid
A 8k Low
r^.
0c
B ond R ecord
B O N D S
Range
Year
1902
High No Low
W e e k E n d in g J a n u a r y 23
Jiiil
High
98*2 00
08 *8 Sale
106*4 Sale 10534
127 *2 ........
126*2........
10G 107
106*4 Sale
103 Sale
00 *2 Sale
109 ........
107 ........
137 ........
137 ...... .
03*2 Sale
106*4
08 Jan *03
127*2 Jan *03
127 D ec’02
1OG34 Jan *03
106*4 107
100*4 Mar’02
115 A p r’02
102*2 103*2
00*2 ’ 99*2
108*2 J a n ’ 03
107*8 107*8
10078 Mar’02
111 *4 May’02
133 *2 N ov’02
13G Oct ’02
03*2
04
94 Jan ’03
Price
I'riday
Jan 23
BOSTON STOCK E X C H ’ GE
0878
087e 5 08 100
09
9**8
08 K 8 OS
110 D ec’01
__ 10 13R 101*2 12 ib*6 i ‘03*8
02 *2 11 so *4 0934
92 *4........ 02*8
104 *2 A p r’00 . . . . . . . . . .
............... 12G34 A pr’ 01 .... ..........
mmmm• 0078 Jail ’02 .... 00 70 00 78
104 A p r’02 .... 104 104
J15 *2 Aug’01 . . . .
106-b 215 83 103
l(>6li Sale 106
13 56
82 '2
80*4 Sale 80*4
81
116 ........ ] 17 *8 D ec’ 02 . . . . 117*8 121*8
...... 105*2 J’ ly ’02 . . .. 105*2105*2
•
. . . . . . 09 Oct ’ 02 . . .. 00 100
100 .J’ne’ 01
138 S e p ’01
125*8 Aug’ OO . . ..
3 85
88
90*2
87*2 Sale 87 *2
3 101 10434
101
101 101*2 101
110 A p r’01
103 *8 Oct ’ 02 .... 102 104 *2
108 ‘4 Oct ’02 .... 107*2108*4
00;*8J a n ’03 . . . . 100 101b»
lo o ........ 10G D ec’ 02 . . . . 106 108*2
09*4 Nov’ 02 .... 99 100*4
06 ........ 06*4
0638 G 06*4 102*2
Am Bell Telephone 4a---- 1008 J-J
Am Telep Sc Tel coll tr 4s. 1020 J-J
At eh & Nebraska 1st 7a.. 1008 M-S
AtchTop & S Fe gen g 4 s.. 1995 A O
Adjustment g 1»— J’ly 1005 Nov
Boston
Lowell 48...........1007 J-D
Boston & Maine 4 '28........ 1044 J-J
Improvement 4s..... ..1005 F-A
Bost Sc Mon 3d issue 7 s ... 1004 M-N
Boston Terminal 1st 3*23-1947 F-A
BostUn Gas 1st 5s tr rects-1939 J-J
2d 5s trust receipts.......1939 J-J
Bur Sc Mo Riv ex 6s..........1018 J-J
Non-exempt 6s............... 1018 J-J
Sinking fund 4s............. 1910 J-J
Butte & Boston 1st Os___1017 A-O
Cedar Itap Sc Mo R 1st 78.1916 M-N
2d 7 s ................................. 1000 J-D
Cent Vermt 1st g4s..M ayl9 20 Q-F
Chic Burl <fc Q 1st 7s........ 1003 J-J
Iowa Div 1st 5s..............1010 A-O
Iowa Div 1st 4 s .............. 1010 A-O
Debenture 5s................... 1013 M-N
Denver Exten 4s........... 1022 F-A
Nebraska Exten 4 s .......1927 M-N
B & S W 8 f 4s................. 1921 M-8
Illinois Div 3 *«s.............. 1040 J-J
Joint bonds See Gt Northern
Chic Jc Ry Sc Stk Yds 5s . 1915 J-J
Coll trust refunding g 4s 1040 A-O
Ch Mil Sc St P Dub D 6s.. 1020 J-J
Ch M & St P W is V div 6sl020 J-J
Chic& No M idi 1st gu 5 s.1031 M-N
Chic Sc W Mich gen 5 s ....1021 J-D
Concord Sc Mont cons 4s.. 1020 J-D
Conn Sc Pass R 1st g 4 s ... 1043 A-O
Current River 1st 5s........ 1027 A O
D etG r Rap<fe W 1st 4 s ... 1046 A-O
Dominion Coal 1st 6 s .......1013 M-S
Eastern 1st gold 6s............ 1006 M-S
Fitchburg 4 s ......................1004 M-S
4 s ......................................1027 M-S
Fremt Elk & Mo V 1st Gs.. 1933 A-O
Unstamiied 1st Gs..........1033 A O
Gt Nor C B & Q coll tr 4s 1021 J-J
Registered 48...................1921 Q-JI
201
G 105*2 110
07 101*2
127 132
. . .. 127 131*2
. . .. 107*4 110
7 107*4 110*4
. . . . 100*4 109*4
114*4 115
7 102;,4 107*4
2 98 101
. . . . 100 111
8 107 111
100 7g 100 78
.... 110*2111*4
2 135*2 139
__ 13G 138
74 02*2 9678
.... 0238 06-V
A sk Low
&
s
Range
Year
1902
High No Low High.
........ 101 *2 D e c’02 . . .. 101 102
4 100 78 102
........ 101*2 101*2
13258 J’ne’02 ___1 132 133 *2
14 103 106
102*4....... 10238 103
112 ........ 112 D e c’02 — 112 11434
124 125 123*2 121*4 22 121 126
2 1 08
09
00
98 100
00 *2
00
01
01 J a n ’03 . . . . 1 P4
9714
........ 110
110*2 J ’ ne’02 . . . . 108 111
................... 111 J a n ’03 . . .. 110 115*4
........ 104
104 Jan ’03 . . . . 104 10530
128 J ’l y ’02 — 128 13034
................... 105*4 May’Ol
i i s ........ 118 S e p ’02 . . . . 118 11*
76 *2 Sale
7G*2
7 6 *2 5 73
84*4
26 Jan ’03 . . . . 22*8 3534
21 *2 J’ ne’02 .... 2<>70 24*<j
83 D ec’02 .... 83
88
104 Mar’02 .... 103 104
7 102 104*4
102*2 Sale 102*2 102*2
104 A p r’02
104 104
104 ........ 105 F e b ’02
105 105
104 ........ 104 Nov’02 .... 103 105
107-4 Oct ’02 .... 1107*4 10?-*4
10534 106 105*4 10534 25 10G 109*4
5 [104 107
104 ........ 103*2 I03*v
112 May’Ol
100*8 Oct ’02 •••• 100*8 10234
124*4 Nov’02 . . .. 123*4 128*4
105 Oct *02 .... 105 107
100 J’ ne’02
100 101*4
102 103*4
08 100 102 Mar’02
........ 96*2 07 *2 Aug’02 .... 07*2 07*2
104 *2 105 10434 104 34 3 10434 107
10834 J’ ly ’01
I02a4 103 °0
102 78 N ov’02
............. 105 7e 10578 " . i 102 34 113*2
32 107*2111
I l l Sale 110*2 111
100 S e p ’02
100 100
100*8 101
101 Oct ’02
108 J ail’03
107 108
104*4 Augr02
104*4 104*4
1037s 103 7e 1 103*8 10334
19 103*2 106*2
104 *2 105 104:t4 105
87*4 J’ l y ’01
. . . . . . . . . . . . 11934 Mar’02 . . . . 11934 H 934
Illinois Steel deben 5s___1010 J-J
Non-convert deben 5 s...1013 A-O
la Falls <£ Sioux C 1st 7s.. 1017 A O
Kan C Clin Sc Spr 1st o s ... 1925 A-O
Kan C Ft S & G ulf 1st 7 s..1908 J-D
Kan C Ft Scott 6c M Gs___1028 M-N
Kan C M Sc B gen 4s..........1034 M-S
Spl
Income 5s..........................Mar1034
Kan C Sc M Ry A Br 1st 081929 A-O
Kan C St Jo Sc O B 1st 7s.. 1007 J-J
L R Sc Ft Sm Id gr 1st 7 s ... 1005 J-J
Maine Cent cons 1st 7 s ... 1012 A-O
Cons 1st 4 s ......................1012 A-O
Marq Hough Sc Ont 1st 68.1925 A-O
Mexican Central cons 4 s.. 1911 J-J
1st cons inc3s...........Jan 1939 J’ly
2d cons inc 3s........... ian 1939 J’ly
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 5s 1929 J-J
New Eng Cot Yarn 5s___1020 F-A
New Eng Teleph 6s.......... 1006 A-O
6 s ...................................... 1007 A-O
6 s ...................................... 1008 A-O
5 s ...................................... 1015 A-O
N Y Sc N Eng 1st 7s.......... 1005 J-J
1st 6 s ................................1005 J-J
Old Colony gold 4 s .............1024 F-A
Oreg Ry 6c Nav con g 4 s.. 1046 J-D
Greg Sh lane 1st g 6s.......1022 F-A
Repub Valley 1st 8 f 6 s ...1019 J-J
Rutland 1st 6s.................... 1002 M-N
Rutland-Canadian 1st 4sl949 J-J
Savannah Klee 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s........ 1930 F-A
Torrington 1st g 5s..........1018 M-S
Union Pac IiR Sc 1gr g 4s. 1047 J-J
1st lien conv 4 s............... 1011 M-N
United Fruit conv gen 5s. 1011 M S
Vermont Sc Mass 5s..........1003 M-N
West End Street Ry g 5 s.. 1002 M-N
Gold 4*28...........................1914 M-S
Gold debenture 4s.......... 101G M-N
Gold 4s..............................1017 F-A
Western Teleph Sc Tel 5s. 1032 J-J
Wisconsin Cent 1st gen 4sl049 J-J
Wisconsin Valley 1st 7s. .1000 J-J
N ote—Buyer pays aocrued interest in addition to the purchase price for all Boston Bonds.
Week* 8
Range or
Last Sale
101
101
* No price Friday; latest bid and asked.
H Trust Co. ctfs.
Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
S hare P rices—Nof Per Centum P rices
1
Saturday
Jan 1 ?
H on d ay
Jan 19
Tuesday
Jan 20
Wednesday
Jan 21
A C T IV E S T O C K S
Thursday
Jan 22
F rid ay
Jan 23
Sales
of the
(F or Bonds and Inactive Week
Stocks see below)
Shares
Baltim ore
71 Consolidated Gas.......... 100
*70
71
71 * 7.0*4 72 * 70
70*2 70*2 70*2 70*2 *70
■
r
116 116
116 116
11G 1 10
116*2 116 116 *116 117*2 Northern Central........ 50
2534 2534 Seaboard Air L in e ....... 100
26
26
*2634 27
26 *2 26*2
’ 26*8
I)o pref.................. 100
| *42 *2 43*4 *42 *2........
42*2 42*2 42*2 42 gh 42*2 42*2 *41j4 42*2
13*2 13*2 United Ity Sc Electric.. 50
13*2 13*2 "13
13*2
*13*4 1376 13*2 13*2 *13 *e 1334
* *«
....
[ *26
7*1i 6
34
I 74*2
40*4
\
26*8
8*4
35
74*2
40*30
..................
77*2 7734
46
46
i4
**8
* *8
* *8
14
* *8
i4
25 7e 2570 25 7s 26
734 8
7 7s 8
33-3.| 33 ?8 34
34*4 *33*2 34*2 33^ 34
'74 . . . . . .
73*2 73*2 *74 ........ *74
403a 41
403s 4138 4()34 41*4
40*8 41
334
334
334
334
26
2630
8
8\
257e 26*8
8
8
7634 77**
77
77*4
767a 77
4534 4 5 7a 4534 4 534
46
46
8 *io 8 ' in
8*8 83ft
8*2 8*2
8*4 8 3s
. *1
17
* 1634 17
*163.4 17*4 * 1634 17
313i« 315ib 3058 31&!„ 30*i30Hio
30*8 31*8 30l l io 3l1ie
43
43
43
4 2;,4 42 ^ '43
*42 78 43*8 43
43 *2
38
38
38
38
*37*4 3734 37*4 37*4 *37*4 37*2
47
47
47
47
4678 47
46 7g 46 78 46 78 46 78
113*4 113*4 113 113
112*8 112*8
112*2 112*2 112 112
»
28
77*2 7734
4534 46
8*2 8 9ie
P H IL A D E L P H I A
.
In active S tock s
American Cement.......10
Amer Iron Sc Steel__ 50
American R ailw ays...50
Bell Telephone............ 50
Cambria Iron............... 50
[Camden Sc Trenton___10
Central Coal & Coke. 100
Preferred................. 100
Consol Trac Pitts........ 50
I P referred.................. 50
(Danville Bessemer. . . 1*2
iDiamond State Steel.......
1 Preferred.......................
Easton Con E lectric...50
(Eleotno of A m erica ...50
Elec Storage Batt___100
Preferred................. 100
'Germantown Pass...... 50
5H arrlsou Bros pref. ..100
jliestonv Man<fe Fair..50
Preferred...................50
Indianapols St........... 100
Inter Sm P Sc Dynam..50
Lit Brothers........... .-..10
*Little Schuylkill..........50
Minehill & Schuyl H ..50
[Nesquelioning ............ 50
. N Haven Iron Sc Steel.5
North Pennsylvania..50
Pennsylvania Salt.......50
Pennsylvania Steel . .100
Preferred.................100
■Phila Co (Pitts) pref...50
i Pliii'German Sc N orris.50
. Phila Traction.............. 50
‘ Railways General.......10
ySusqueli Iron Sc S teel..5
! Tidewater Steel........ 10
United N J RR & C .. 100
Unit Pow & Trans__ 25
United Trao Pitts.......50
Preferred................... 50
Warwick Iron Sc Steel.It)
West Jersey & SeaSh.50
Westmoreland C oa l...50
B id
A sk
Pliilndelpliia
i4 American A lk a li........ . 50
Do pref.................. 50
25 78 26 Cambria "Steel............... 50
7 l 5i« 8 Consol Lake Superior.. 100
Do pref.................. 100
33 l2 33*o
*
74*2 Lehigh Coal Sc N a v ___ 50
4034 42 Lehigh Valley............... 50
3 *2 33e Marsden Co.................... 100
*i4
National Asphalt.......... 50
* *2
Do pref.................. 50
34
77
77 Pennsylvania R R ........ 50
46
46*4 Philadelp’a Co (PitisO; 50
8*4 8 716 Philadelphia E lectric.. 25
16
16 Phila Rapid Transii ... 50
30*2 31*10 Reading" ....................... 50
Do 1st pref........... 50
43*2 43 *2
Do 2d pref....... .
50
37*4 37*4
4634 47 Union T ra cton ............. 50
112 1 12 38 United Gas Impt.......... 50
*25
28 Welsbach C o ................ 100
P H IL A D E L P H IA
Bonds
8 c8 A1 Val E ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
53
Atl City 1st 5s g ’ 19.M-N
52
75
Balls Ter 1st 5s 192G. J-D
74
48*2 Berg&EBrw 1st Gs’ 21 J-J
Bethle Steel Gs 1998.Q-F
Che Sc D Can 1st 5s ’ 1G J-J
6 7 68
Choc A Me 1st 5s 1040 J-J
Ch Ok Sc G gen 5s ’ 10 J-J
Cit St Ry (Ind) con 5s ’33
Col St Ry 1st con 5s 1932
mmmmK ” I " ’ Con Trac of N J 1st 5 s.’33
3
E Sc A 1st M 5s 1020 M-N
2 34
Elcc Sc Peo Tr stk tr ctfs
"*938 * 9 ^ Elm Sc W il 1st Gs ’ 10. J-J
Income 5s___2862. A-O
Eq II Gas-L 1st g 5s 1028
H Sc B Top con 5s ’25 A-O
Indianapolis R y 4s. 1033
Lehigh Nav 4*2S ’ 14.Q-J
R R s 4s g .......1014.Q-F
Gen M 4S>s g. 1024.Q-F
Leli V C 1st 5s g ’33.. J-J
Leh V ext 4s 1st 1048. J-D
103s
2d 7s 1010............ >.M-S
63
Consol Gs 1923.......J-D
63*2 64
Annuity 6s..............J-D
5
6*2 Leh V Trac 1st 4s ’29. J-D
Nat Asphalt 5s 1951.J-J
100*8
New Con Gas 5s 1048 J-D
52
50
Newark Pass con 5s 1930
02
02*2 N Y Ph Sc No 1st 4s ’39 J-J
Income 4s 1939...M -N
4 8 34 40*4
169
107
No Penn 1st 4s *36..M-N
Deben Gs 1905........M-S
08
08*2
5
Penn gen Gs r 1910..Var
4*2
Consol Gs c 1 90 5 ...Var
2*2
2°8
434
Consol 5s r 1019...V ar
280
Penn Sc Md Steel con Gs.
40
48
Pa A N Y Can 7s ’06. J-D
Con 5s 1030............ A-O
Con 4s 1930............ A-O
5*8 5*4 Penn Steel 1st os T7 M-N
People’ s Tr tr certs 4s ’43
72*2
P Co 1st A col tr 5s’40 M-S
80
8*2
* Bid and asked prices; no sales on this day.
18
225
325
565
250
**8
B id
A sk
BALTIMORE
Atlanta A Charlotte.. 100
86 *2 A tlanC oastL (Conn)lOO
Canton Co...................100
10G
Georgia Sou A Fla. ..100
1st pref.................... 100
1 0 8 34 100
2d pref......................100
116 117
G-B-S Brewing...........100
12134
Mt Vernon Cot Duck.......
121*2
Unit Elec L A P pref.50
136 140
Bonds
634
Anacostia A Pot 5s..........
1 0 7 34 108
Atl A Ch 1st 7...1907 J-.J
1 1534
Atl Coast L(Ct)ctfs 5s J-D
100 101
Ctfs of inuebt 4 s___J-J
91
Balt CPass 1st 5vS’l l M-N
112
Balt Fundg o s .1916 M-N
105*2 107
Exchange 3 *2S 1930 J*J
117*2 110
Refunding 3 *28 1952J-J
Balt A P 1st 6s m 1’ 11 A-O
118 120
1st 6 s tunnel..1911 J-J
Balt Trac 1st 5s. . ’20 M-N
No Balt Div os 1042 J-D
i08*2
Convertible 5 s.’OG M-N
00
Central Ry G s...1912 J-J
Consol 5s. ...1932 M-N
105 *2 10G
Ext A Imp 58.1932 M-S
Chas City Ry 1st 5s ’23 J-J
110*2 111
8G
100
104
109
||Lowest is ex-dividend
B id
H ighest
62*4 Jan 28 74 *8 Sep 18
104 Jan 7 125*4 J ’ly 20
23 38 Dec 12 3434 Augl 8
40 *4 Dec 15 55 *8 Aug 10
13 Oct 13 17 M arl5
2,756 23 May 17
0,146
6 Dec 12
2,526 33 Dec 13
57 65 Nov 12
34,134 29*4 Nov 14
380
2 78 Feb 3
*8 Sep 15
*4 Sep 13
765 7334 Jan 14
2,665 43 *2 Dec 12
6,702
3*8 Jan 27
8*4 .1’ ne20
37
47,840 26*4 M a rll
141 40 Alar 6
415 30 Jan 14
3,464 32 Jan 6
894 101 *2 Mav28
. . . . . . 24 Jan 31
P H IL A D E L P H IA
In active S tock s
Lowest
*8 Sep 17
Phil Elec gold trust ctfs.
121 122
Trust certifs 4s.............
P A E gen M 5 g ’20. A-O
20*2
Gen M 4s g 1920.. A AO
110 >2
05
00
Pli A Read 2d 5s ’33.A-O
100 105*2
Con M 7s 1911.......J-D
120 125
Con M 6s g 1911___J-D
52
51
Ex Imp M 4s g ’47. A-O
Con M ot ’ 82 4s ’37.J-J
113*2 115
108h 109
Terminal 5s g 1941.Q-F
P W A B col tr 4s ’21 .J-J
R«ih**4er Ry con 5s 1030
107
S « E Side 1st 5s g ’35 J-D
U Trac Pit gen os ’ 97 J-J
100 100*4 Welsbach s 15s 1930. J-D
107*2
108
Range Jor Year
1902
A sk
101 101*4
60*2 6934
119
10738 . . . . . .
128 ••••••
123*4
116 117*2
10878 100*4
108*2 109
123 124
1
Apr 28
1Range for Previous
Y e a r (1 9 0 1 )
Highest
1 Lowest
58
Jan
6534 J ’ly
14
Dec
18*8 Mar
Dec
*« Apr
1534 AlSr
20*2 Dec
40 Feb
62*2 Jan
28*2 Jan
3rie Dec
*4 Dec
1 Jan
60 May
40 "4 Jan
4*4 Dec
2*38 Jan
3^ Mar
317e J’ne
38*2 Apr
80*4 J ly
79 5s Apr
3938 May
7 58 Jan
8*2 Feb
16 Feb
81 Apr
54*4 May
83s Feb
88*2 Jan 106*2 Dec
034 Jan 30*2 J’ na
24 g8 Jan 54 *4 Sep
29*8 Sep 23
36 Api 29
80*4 Apr 29
7034 Sep 0
38*2 Dec 30
5**16 Oct 8
l 1i 6"''F eb 7
2*8 J’ly 0
85 ~ Sep 4
50-g Apr 30
0 *2 Sep 10
18781 )et 1
393ie Sep 3 12*8 Jan
45 *8 Sep 3 34*2 Jan
405i6 Sep 10 10 Jan
4 S34 Oct 3 24*4 J ’ne
126 Feb 8 113 Sep
40*2 May29 i 38 Dec
B A L T IM O R E
287eD ec
413s Dec
32 *8 Dec
37 Jan
128 *2Jan
55 Apr
B id
A sk
Chas Ry G Sc El 5s ’99 M-S
90
92*2
Chari C<fc A ext os.'OO J-J 116 118
2d 7s..
..1010 A-O 115
City & Sub 1st 5 s ..’22 J-D 11234 113*2
City tfc Sub(W as)lst 5s*48
98*2 102
Col&Grnv 1st 6s. 1016 J-J 116 118
Consol Gas 6 s ... 1010 J-D n o
110*2
5s..................... 1030 J-D 111*2 112
Ga 6c Ala 1 st cod os 4o J-J 110*2 11034
Ga Car Sc N 1st os g ’ 20 J-J 100 7b n o
Georgia P 1st 6 s ...*22 J-J 122 124*4
110 112
GaSo<fc Fla 1st 5s 1045J-J 113 114
110*2
G-B-S Brew 3-4s 1951M-S
51*2 0 134
114 116
2d income 5s 1051 M-N
37*2 38
K noxvT rac 1st 5 s’28A-0 103 103*2
66 *2 67
LakeR El m guos’42M-S 118*2
MetSt(W asli)lstos’25F A 118 . . . . . .
Mt Ver Cot Duck 1st 5s.
77 *2 78
In com es........................
37
38
160 165
New Orl Gas 1st 5s..V ar •.•••• . . . . . .
320 335
Npt NcfcO P 1st 5s*38 M-N 105 108*2
07*2 90
Norfolk St 1st o s *44..J-J 112 114
47
#
North Cent 4 *2S 1925 A-O n o
08
6s 1004..................... J-J 103
SI
78
Series A 5s 1026___J-J 121*8
13*2 14
Series B o s 1026___J-J 120
7
6
Pitt Un Trac os 1007.J-J 117
37
39
Poto Val 1st 5s 1941..J-J 115 116*2
Sec A vT (P itts) 5s ’34 J-D 118
99 100 , Sav Fla Sc West 5s *34 A-O 115
112
1Seaboard A L 4s 1050 A-O] 83*2 8334
115 116*4 i Seab Sc Roan 5s 1026. J-J ■ 112*2
95 |South Bound 1st 5s..A-O, 111*4 11 1*2
02
107 108 |UEl L<fcP 1st 4*23*29 M-N
86*2 87
Un Kvtfc El 1st 4 s *49 M-S
04 34 95
122 123
Income 4s 1949........1-Dj 6 <
67*4
no
110*2
Va Mid 1st 6s 1006..M-S 106
113
2d series 6s 1 9 1 1 ...M-S 113*2 114
3d series 6s 1916..M-S 113
4th ser 3-4-os 1921. M-S n o
116*21117
5tli series 5s 1926.M-S 114*2
119*4 120*2
95
97
Va (State) 3s new ’32. J-J
100*2! 102
Fund debt 2-3s 1991. J-J I 96
07
West N C con 6s 1914 J-J 1 114 117
117 11S
Wes Va C«fc P 1st 6g* 11 J -J | 112*4 1 1 2 * 2
116
W il Sc Weld 5s..l935.J-J| 120
104
THE
5202
C H R O N IC L E .
Volume of Business at Stock Exchanges
TRAN SACTIO N S A T T H E N E W YO RK STOCK EX C H A N G E
D A IL Y , W E E K L Y AN D Y E A R L Y
Stocks
Week ending
Jan 23
iy o 3
P a r value
Shares
$23,966,500
51.719.700
44,503,400
48.458,800
56,729,100
40.933.700
$1,813,000
2.853.500
2.099.500
1,386,000
2.999.500
2.798.500
2,577,644 $246,311,200
$13,950,000
253,015
532,972
467,534
511,895
383,791
428,437
Saturday ...
M on d ay__
Tuesday__
Wednesday.
Thursday...
F rid a y.......
Total
Sales at
New York Stock
Exchange
$500
1,000
0,000
$500
$11,000
January 1 to Jan 23
Week ending Jan 23
1903
U S
Bonds
State
Bonds
R a ilroad Ac
Bonds
1902
1903
1902
11,947,849
13,736,157
2,577,644
2,428.257
Stocks—N o. shares
Par value........ $246,311,200;$225,477,900 $1,302,719,150 $1,112,715,200
$13,400
$53,600
$1,000
$14,000
Bank shares, par..
BONDS
$500
11,000
13,950,000
$8,000
11,000
25,665,500
$31,000
110,000
51,242,000
$77,500
33,000
73.974,000
Total bonds___) $13,961,500
$25,684,500
$51,383,000
$74,084,500
Government bonds
State bonds........
RR. and mis. bonds
D A IL Y TRAN SACTIO N S A T T H E BOSTON AN D P H IL A D E L P H IA
EX C H A N G E S
W eek ending
Jan 23
iy o 3
P h ila d elp h ia
Boston
Unlisted
shares
Listed
shares
B ond
sales
Listed
shares
Unlisted
shares
B ond
sales
32,733
62,921
27,094
40,894
31,821
19,825
7,193
9,090
5,946
3,865
7,891
7,027
$32,000
184.700
69.500
106,000
81.500
63.500
13,806
26,923
16,617
23,246
17,069
21,864
1,697
3,905
3,193
3,731
4,331
4,070
$28,500
128,500
61,800
41,400
105,400
138,100
Total.......... 215,288
41,012
$537,200
119,525
20,827
$503,700
Saturday.......
M on d a y ........
Tuesday........
W ednesday. .
Thursday.......
Friday . . . . . . .
Outside Securities
A W eekly Review of Outside M arket w ill he fou n d on a p receding page.
S tr e e t R a ilw a y s
N E W Y O R K C IT Y
B id
A sk
S tr e e t R a il w a y s
B id
A sk
60
56
Grand Rapids R y ___100
P referred................. 100
95
97*2
Indianapolis St Ry See Phila list
20
19
J C Hob & Paterson..100
78
77
4s g N ov 1 1949...M -N
Lake St (Chic) El stk. 100
7*2 734
1st 5s 192S............... J-J § 99 102
HLouisv St 5s 1930.. J&J §115 118
Lynn& Bos 1st 5s ’ 24.J-D §112 114
Minneap St Ry 5s 6'eeStk Exch list
New Orl Rys Co.........100
14*o 153*
46
60
Preferred................. 100
83
4 4 s 1952.................. J-J § 82
North Chic Str stock. 100 165 171
1st 5s 1909 ..............J-J §........
North Jersey St stocklOO
27
28
8L
4s 1948 ...................M-N
82*2
Pat Ry con 6s 1931..J-D §125 130
2d 6s 1914............... A-O §100
73
Rochester R y.............. 100
76
Preferred................. 100 9934 100*4
Con 5s 1930 See Phila list
2d 5s 1933............... J-D §105*2 108
So Side El (Chic) stk .100 107 10S*4
Syracuse Rap Tr 5s 1946 102 105
Toledo Rys & Light See Stk E x list
28
29
Unit Rys (St LTrans) 100
80
P referred................. 100
81
Gen 4s 1934..............J-J § 84*4 8434
UnitRysSanFran <SeeStk Exch list ~
47
48
Subscriptions........
87
HWest Chicago S t ___100
90
HCon g 5s 1936....M -N § 94
97
Industrial and IHiscel
Bid
Ask
Continental Tobac deb 7s 103 105
55
Cramps’ Sh&En BldglOO
48
HCrucible Steel..........100
19*2 1934
HPreferred................100
8434 85
Distillers’ Securit .See St k Exc h list
Col tr 5s 1927........ A-O
75 *2 76*2
20
30
Dominion Securities.100
Electric Boat..............100
22
30
45
P referred................. 100
40
Electric Lead Reduc*n.50
3
3*4
4
5
P referred...................50
Electric Vehicle........ 100
8
8*4
Preferred................. 100
13*2 14*2
Electro-Pneum’ic Tran 10 t
*4
4
13
11
Empire Steel..............100
44
48
P referred................. 100
HGeneral Chemical ..100
61*2 63
HPref erred............... 100
99*2 101
Gorham Mfg Co com. 100 128*2
Preferred................. 100 128*2
Greene Consol Copper. 10 t 22*8 22*4
Guggenheim Explorati’n 150 160
18
19
HackensackMeadowslOO
120
Hall Signal C o ..........100 n o
15
20
Havana Commercial. 100
60
62
P referred................. 100
53
54
Havana Tobacco Co (w i)
65
Preferred (w i).......
66
Hecker-Jones-Jew’ l Mill
99 101
1st 6s 1922..............M-S
3
1
Herring- Hall-MarvinlOO
25
35
1st preferred............ 100
10
4
2d preferred............ 100
Hoboken Land& ImplOO 105
H5s 1910................. M-N 102 106
10
7
Houston O il................100
60
P referred................. 100
105 120
Hudson Realty..........
Interboro R T (full paid) 115*2 117
50 % p a id ................
1164 117**
Internat’lBankingColOO 200 205
15
14
In t’n’l Merc Marine. 100
44
46
P referred................. 100
90 100
Col tr deb 4 *2l922op’ 07
100
Subscriptions........
E le c tr ic C o m p a n ie s
10
11
International Salt___100
50
47
1st g 5s 1951............
Chicago Edison C o... 100 180 182
10s4
10
Edison El 111 Brk 4s N Y Stock Exch HInternational Silver 100
41
HPref erred................100
60*4
Hartford (Ct) Elec LtlOO 210
98 100
1st 6s 1948............... J-D
HKingsCo El LcfeP Co 100 215 220
John B Stetson com ..100 150 180
Narragan (Prov) El Co 50 t ] 03 n o
Preferred................. 100 150 160
41
44
N Y & Q El LcfePowColOO
75
80
Lanston Monotype___20 t 11*8 1138
Preferred................100
Lawyers Mort insur.100 215 230
R holsl Elec Protec ColOO 118
1634 17*4 Lawyers’ Title In s...100 370 378
United Electric of N J100
6634 67*4 HLorillard (P) pref ...100 125 135
4s 1929.....................J-D
19
14
Madison Sq Garden.. 100
F e r r y C o m p a n ie s
60
2d 6s 1919..............M-N
13
4*2
4*4
10
Manhattan Transit___20
Brooklyn Ferry stocklOO
5
113
Mex Nat Construe.pflOO
B cfe N Y 1st 6s 1911.J-J n o
Monongaliela R C oal..50 f U*s 114
Con 5s 1948 See Stock Exch List
85
Preferred................... 50 t 39*4
80
N Y & E R Ferry stk. 100
94
Mosler Safe Co.......... 100
102 4
1st 5s 1922............ M-N § 92
20
5
98
National Bread.......... 100
N Y cfe Hoboken stk. 100
92*2
P referred................. 100
Hob Fy 1st 5s 1946 M-N §109*2 n o
25
28
Con 5s 1946........... J-D 101 101*4 National Carbon........ 100
98 100
Prelerred................. 100
N YcfeN J 1st 5s 1946.J-J 104 108
Nat Enam’g & Stamp 100
34*2 35 *2
65
70
10th <fe 23d Sts Ferry 100
93
88
P referred................. 100
1st mort 5s 1 91 9 ...J-D §105 106
42
43
National Surety........ 100 140
HUnion Ferry stock .100
96
97
NewBmnsCannelCoal 10 t 6
Hist 5s 1920 .......... M-N
53
47
HNew Central C o a l___20
R a ilr o a d
15
17
New Eng Consol I c e .100
N ew Eng Transpor._100
4
*3
Chic Ind& L gu4sl952J-J
93*2
N Y Biscuit 6s 1911.M-S 114 116
7
11
Chic Peo cfe St L pref. 100
N Y Mtge & Security. 100 127
P rior lien g 4 *2 S’ 3 0M cfeS §106 108
95 100 HNew York D o c k ___100
Con mtg g os 1930.J&J
27*2 31*2 HP re le rre d .............. 100 t51 152*2
Income 5s 1930.............
N Y T ransportation...20 t 10*2 11*2
Northern Securities.. 100 115*4
Nicholson File Co___100 153
35
37
Pitts Bess & L E ........ 50
8
Nor Am Lum’ r& Pulp 100
74
80
Preferred...................50
634
53*
HOntano S ilv e r........ 100
Pitts L is& W con 4s (w 1)
20
Otis Elevator com ___100
43*2 44
V a & S outhw estern ..!00
99
98
P referred................. 100
1st guar g 5s 2002..J-J 100 103
Pittsburg Brew ing___50 t 31*8 317a
industrial and M iscel
Preferred................... 50 t 47*8 47*2
Pittsburg Coal............ 100
28*2 ■23*8
99 102
Acker Mer & Condit.._6s
P referred................. 100
88*4 88*2
112
Alliance Realty........ 100
183s 18*2 Pitts Plate Glass.......100 136 137
HA llis-Chalmers.........100
99
Pratt & Wliitn pref.. 100
HPreferred................100 $84*4
Procter & Gamble___100 340 342
56
HAmer Bank Note Co. 50 f 54
P referred................. 100 204*2 206
American Can com ... 100
934 10
Realty Assoc (Bklyn)lOO 119 122
Preferred................. 100
47*2 48
104
Royal BakPowd pref. 100
American Chicle Co.. 100 116 120
63
Russell & Erwin........ 25 t 61
94
88
Preferred................. 100
if
1 Safety Car H eat & Lt 100 165 170
American Elevated........
5*4 Seminole M ining.......... 5
Amer Graphophone...lO t 43;
1614
Preferred................... 10 t 9
9*2 Simmons Hardw com 100
P referred................. 100 138
90
Amer Press A ssoc’n.100
2d preferred............ 100 142*2 145
51
53
Amer Shipbuilding... 100
Singer Mfg Co............ 100 320
Preferred................. 100 102 105
7*2
7
Standard Milling Co. 100
3
6
Am Soda Foun com ..100
26
29
Preferred................. 100
65
75
1st preferred............ 100
75
78
22
5s. .
18
2d preferred............ 100
Standard Oil of N J..100 736 738
American Surety........ 50 172 178
39
35
Standard CouplercomlOO
47
49
Am Strawboard rects 100
Preferred................. 100 128 134
Bonds 6s...................F-A 100
Storage Pow er.............. 50
34 1
Amer Tobacco com ... 50 300
Swift & Co See Boston St k E xc h’ge
HPreferred................100 140 146
103
1st 5s 1910-1914....J-J
45
Am Typefo’ rs com ... 100 42
Tennessee Copper.......25 t 1634 17V
98 102
Preferred................. 100
75
80
Amer W riting Paper. 100
45s 5 HTexas & Pacific Coal 100
2134 22*2
1st 6s 1908..............A-O §106 n o
P referred................. 100
Title Guar & Tr (new) 100 520 540
76
78
5s 1919..................... J-J
Title Ins Co of N Y ..1 0 0 157 162
20
HBarney & Sm Car ...100
27
25
Trenton Potteries comlOO
HPreferred............... 100 129
96
98
Preferred new ........ 100
Bliss Company com ___50 145
72
75
Trow Directory new. .100
P referred................... 50 140 145
Union Copper............... 10 t 2*4 2 **
Bond&MtgGuar new 100 390 400
Union Switch & Signal 50 t 85
Borden’s CondM ilk.. 100 120 123
Preferred................... 50 1 ........ 105
Preferred................. 100 110 112
Brit Colum Cop See Bost Stock Exch Union Typewr com .. 100 128 130
1•4 1st preferred........... 100 125 130
Camden Land............... 20 t
4
2d preferred............ 100 126 130
Celluloid C o ..,............ 100 119 121
10
8
U S Cotton D uck.......100
20
24
Cent Fireworks com. 100
20
10
U S Envelope com ... 100
63
Preferred............. ...100
68
73
68
3
3*4 HPreferred................100
Central Foundry.......100
P referred................. 100
15*2 16*2 HU S Red & Refining .100
HPreferred............... 100 X........ 56
CJiesebrough M fg Co 100 455 470
173
17
95 100 HU S Shipbuilding ...100
HClaflin(H B) 1st pref 100
56
55
HPreferred................100
92
97
H2d preferred.......... 100
80
Hist 5s ser A 1932..J*J
90
95
HCommon................. 100
98 100
U S Silver Corp 6s (w i).
60
65
Col & Hock Coal& I pf 100
96
95
U S Steel Corp 5s (wli iss)
70
1st g 5s 1917............ J-J
115
Coltr 5s SerB & D 1951
3
Compressed Air C o... 100
2*4
2
1
Universal T obacco... 100
65
75
Con solid Car Heating 100
25
8
P referred................. 100
20
30
HCons Firew’ ks com .100
Va Iron Coal & Coke. 100
60
65
HPreferred............... 100
534
5s 1949 ctfs............ M-S
6
Cons Ry Ltg&Refrig. 100
Consol Rubber T ire.. 100
1*2 Vulcan Detinning. See St
4
P referred ............ See St
9
11
Debenture 4s.............
Westmgh A ir B rake..50
15
20
Cons Storage BatterylOo
White Knob Mining. 100
Consol Tobacco..........100 300
Worthing Pump pref. 100
35
R ig h ts.........................
G as S ecurities
Bid
Ask
65
Indianapolis Gas stock 50
58
1st 6s 1920........... M-N 103*2 10.5
83
Jackson Gas C o ........ 50
5s g 1937................. A-O §101 104
12
15
Kansas City Gas........ 100
H5s 1922...................A-O §100*2 101*2
85
75
HLacicde Gas..............100
95 105
HP referred ..............100
50
60
Lafay’ eG aslst 6s*24.M-N
50
Log& W abV 1st 6s’25.J-D
Madison Gas 6s 1926. A-O §107 109
Newark Gas 6s 1944.Q-J §140*2 141
72
70
Newark Consol Gas.. 100
5s 1948 See Stock Exch list
20
HO & Ind O Nat & III .100
50
42
1st 6s 1926..............J-D
Providence Gas............ 50 1112
95
98
St Joseph Gas 5s 1937. J-J
90
91*2
St Paul Gas Gen 5s’ 44M-S
Syracuse Gas 5s 1946. J-J § 98 100
36
38
United Gas&Elec, NJ 100
89
88
Preferred................. 100
T cle g r & T elephone
86
90
HAmer Teleg & Cable 100
Bell Teleph of Buffalo 100 100 lu4
95 100
HCentral & So Amer .100
43
42
d ie s & Poto Teleph.. 100
5s 1909-29.................J-J 104*8 105
HCommercial Cable ..100 170 175
Commer Un Tel (N Y ).25 115
82
79
Emp & Bay State Tel 100
47
53
Franklin......................100
HGold cfe S to ck .......... 100 125
H4*2S, 1905 ................
Hudson River Teleph 100 100 105
6
54
MarconiWireless Teleg. 5
HNorthwestern Teleg. 50 125
HN Y cfe N J Telepho . 100 164 166
H5S1920 ................. M-N \109 112
85
78
Pacific cfe Atlantic.......25
Providence Telephone.50 1115
95 100
HSouthern cfe Atlantic 25
7
Tel Tel cfe Cable of A m . 15 t ........
37
Bleeck St& Ful F stk 100 35
Hist mort 4s 1950 ..J-J 100 101
HB’y & 7th A ve stk ..100 247 251
1st mort 5s 1904 .. J-D 100 10034
[2dmort 5s 1914 ...J -J 107*g 109
Jon 5s 1943 See Stock Exch list
B’ way Surf 1st 5s gu 1924 §112 114
2d 5s int as rental 1905 §101 101*2
flCent’l Crosst’ n stk.. 100 265 275
Hist M 6s 1922 ...M -N §123 126
Cen P k N & E R stk. 100 210 215
Clir’t’rcte 10th St stk 100 185 190
Col& 9th A ve 5s See Stock Exch list
HDry D E B & 3 s t k .100 110 120
Hist gold 5s 1932...J-D 115 117
HScrip 5s 1914 . . . . F-A 103 104*2.
HEighth Avenue s t ... 100 405 415
HScrip 6s 1 9 1 4 ___F-A 105 109
H42d & Gr St F’y stk .. 100 410 415
70
75
H42d St M & St N A v 100
Hist mort. 6s 1910 .M-S 111 112
99 100
H2d income 6s 1915 J-J
Lex A v cfe Pav F 5s See St k Exc list
Metropol Securities See Stk E x list
Metropol Street Ry See Stk E list
Ninth Avenue stock. 100 190 205
Second Avenue stocklOO 212 217
Hist mort os 1909 M-N §105*4 106
Consol 5s 1948...... F-A §116 118
HSixth Avenue stock 100 175 180
Sou Boulev os 1945..J-J § 1 1 1 4 112*2
So Fer 1st 5s 1919...A-O §108 110
Third Avenue See Stock Exch list
Tarry W P & M 5s 1928 108 110
G a s S e c u r itie s
YkersStRR 5s 1946A-0 110 111
NEW YORK
28th & 29th Sts 1st 5s ’96 §113 114*2]
HTwenty-Th’ d St stk 100 408 415
Cent Union Gas 1st 5 s... §108 111
k E xc h list
102 106
Deb 5s 1906...........J-J
Stk E x list
Union R y ls t5 s l9 4 2 F-A 1184 119
310 330
Westcliest 1st 5s ’43 J-J 113*4 114*2
New Amsterdam Gas—
BROOKLYN
1st consol 5s 1948..J-J §10834 109*2
Atlan Ave 5s 1909..A-O §104
Excli list
Con 5s g 1931........ A-O 112
NY<fc East River Gas—
Impt 5s See Stock Exc h list
1st 5s 1944...............J-J §112 115
§109 111
B B & W E 5s 1933..A-O 102 104
Consol 5s 1945.......
Brooklyn City stock ... 10 244 245
Nor Un 1st 5s 1927.M-N §104 107
Con os See Stock Exch list
130 140
Bkln Crosstn 5s 1908. J-J 104 107
150 160
Bkn Hgts 1st 5s 1941 A-O 105 108
1st 5s 1930............M-N §115 117
Bkln Q Co & Sub See Stk Exch list
O T H E R C IT IE S
Bklyn Rap Tran See Stl Exch list
43
Ref g 4s 2 002.......... J-J
44
87*s
92
Preferred.................
HConey Is. & Bklyn ..100 360 400
94
Balt list
Hist 5s 1903 ............ J-J 100
Baltimore Consolidat
5scrtfsin dbt 1903..J-J 100 100 V Bay State G as...........
*8
'6
Brk C & N os 1939.J-J 114 116
§ 94
97
Gr St&New 1st 5 s ’06 F-A 103
Bosto n list
Gr’pt &Lorimer St 1st 6s 105 107
9
10
Kings Co. Elevated—
82
84
1st 4s 1949 See Stock Exch list
Exch list
99 38 99*8
Nassau Elec pref.......100
83*2 85
5s 1944.................... A-O 113 115
105 108
1st 4s 1951.......... See St k E xc h list
103*4 104*2
§107*2 110
W b ’g& Flat 1st ex 4 4 s. 105 106
Steinway 1st 6s 1922.J-J §116 119
17
1st 5s 1936............... J
86
88
O T H E R C IT IE S
Consum Gas (J City)—
Buffalo Street Ry—
1st 6s 1904............ M- §102 104
1st consol 5s 1931..F-A §112 113*2 HDetroit City G a s ......., t ........ 86
Deb 6s 1917........... A.O §106
32*2
Fort Wayne 6s 1925.. j-J
Chicago City Ry stk. 100 225 230
50
Chic UnionTrac See St’ck Exch list
........
Cleveland City R y___100 106 110 Grand Rapids Gas—
Cleveland Electr Ry.100
89 34
85
§103 105
62
Hartford (Ct) Gas L.
Columbus (O) St R y ..l0 0
60
t 50
55
P referred............... 100 102 104
39
40*2
Colum Ry con 5s See Ph ila list
§103*2 101*4
Crosst’wn 1st 5 s’33. J-D § ....... 111
Indiana Nat & 111 G a s Detroit U nited R y See Stk E xch list
49
§ Buyer pays accrued interest.
t Price per share.
X Sale price.
a Ex rights.
f
[VOL. LXXVTt
10 J
102
§102
112
HSells on Stock Exchange, but not a very active security.
January 24, 1903.]
THE
C H R O N IC L E .
203
I m ie s t m m t a n d Jttaxlcoad Jn txIIxgencc.
R A IL R O A D
EARNINGS.
The following table show s the gross earnings o f every S team railroad from w hich regular w eekly or m on th ly returns
can be obtained. The first tw o colum ns o f figures give the gross earnings for the latest w eek or m onth, and the last tw o
j columns the earnings for the period from J u l y 1 to and in clu d in g such latest w eek or m onth.
The returns of the street railways are bought together separately on a subsequent page.
Latest Gross learnings
ROADS
Week
or M onth
Current
Year
Previous
Year
July I
Latest Gross Earnings
to Latest l)ate.\
Current
Year
P revious
Year
ROADS
Week
or M onth
Current
Year
Previous
Year
lu y 1 to Latest
Current
J ear
D ate .
P reviou s
Year
%
%
$
$
*.
202,216
96,900
92,500 2,617,400 2,202,900
15,324
190,628 ^Mexican Ry...... Wk. Jan 3
12,887
Adirondack........ Tune.......
491.685
427,188
15,560
47.871 1,431,590 1,346,362 Mexican South’ u 1st wk Jan
47,009
18,13-'
Ala Gt Southern. 2d wk Jan.
15,341
3,996
20,532
3,254
Ala NO & Texan Pacific.
Millen & So’ w'n.. November.
191,747 177,096 1,109,093 1,005,915 Mineral Range.. 2d wk J an.
296,031
9,932
321,985
10,087
NO & No East. December
566,597
530,295 Minneap .fe St L. 2d wk Jan.
57.289
58,331 2,094,182 1,964,921
Ala <fe Vicksb’g December. 114,081 102,007
628,099
81,904 4,151,231 3.554.661
516,769 M 8t P & S St M. 2d wk Jan. 104.641
Vicks!) Sh & P. December. 110,700 112,109
In c. 190,942
In c . 40,878
Allegheny Valley November.
Mo Kan (fe Texas 2d wk Jan 311,750 301,942 9,863,102 9,534,418
29,112
32.871 1,032,158 1,030,667, Mo Pac & IronMt 2d wk Jan. 686,000 616,009 20,969,577 20,382,061
Ann Arbor......... 2d wk Jan.
37,969
736,406
6,793
6,340
20,000
38,2641 Central Branch 2d wk Jan.
Ann Wash & Bai. November
055,808
14,000
liAtch Top & S Fe. November. 5,648,192 5,439,579 26,155,185 25,547,304
Total............. 2d wit Jan. 706,000 630.000 21,625,385 21,118,467
87,768
5,334
157,609
Atlanta & Char.. October... 282,404 273,771 1,079,978
995,528 Mob J ack (fe K C. Wk Jan. 17
3,196
349,236
45,508
617,732 553,102 3,624,155 3,160,324
54,048
308,098 Mobile A Ohio..* December
IAtl Knoxv cfe No. December
116,783
11,873
60,631 Nash Ch & St La. 2d wk Jan. 171,810 159,989 4,941,294 4.221.662
21,005
[Atlantic <fe BIrm December.
I Atl Coast Line... November. £1519,155 £1407921 £7,388,334 £6,316,987 Nat’l RR of Mex 2d wk Jan. 178,058 139,749 5,184.-61 3,979,317
209,977
88,568
13,394
19,325
21,384
I Atl Vald & West. June......
110,883
235,045 Nev-Cal-Oregon. December
9,679
49,559
17,088
3,729
18,361
46,866 Nevada Central.. November.
9,171
9,508
Balt <fc Ann S L.. November.
3,189
'Balt & Ohio---- ) December. 4,923,035 4,590,024 31,647,157 29,499,766 N Y C & Hud Riv December 6,202,786 5,690,120 38,905,782 37,864,688
R & O Southw. s
N Y Ont <fe West. November. 612,263 501,422 2,092,533 2,628,932
740,313
740,551 1,248,612
Bangor <fe Aroosl November. 145,595 140,311
693,089 N Y Susq & West November. 239,682 249,945
17.338
Bath <fe Haminon November.
19,576 Norfolk (fe West’ n 2d wk J an. 344,986 326,835 10,625,785 9,210,487
3,900
5,043
69,043
15,952
Bell.Zanes&Cin. October...
62,995 Northern Centra) November. 776,137 742,937 3,560,214 3,673,214
17,287
4,808
29,913
4,638
iBellefonte Cent’JDecember.
29,508 North’n Pacific.. December 3,751,124 3,416,527 25,811,029 22,957,462
22.338
4,346
220,465
35,920
250,283
20,303 Nor Shore tCal)... November.
3,089
IjBridgt & Saco K. November.
39,231
6,941
Bull Attica & Arc September
6,810 Pacific Coast Co. S e p t e m b e r 500,090 519,911 1,552,078 1,375.321
Bull Koch cfe Pitts 2d wk Jan. l i 8,312 108,052 3,945,264 3,576,753 Penn—EastPcfeEe November. 9,465,825 8,774,325 49,713,943 44,572,243
418.634
75,823
I Buffalo <feSusq... November.
In c. 2 .1 33,500
I n c . 9 3,600
364,055
90,068
West P & E §... November.
399,700 399,772 4,959^604 4,559,003 Pere Marquette.. 2d wk JaD. 148,385 160,730 5,555,841 5,176,712
1Burl C Rap & No May...... .
I Canadian Pacific 2d wk Jan. 743,000 627,000 24,006,757 21,121,549 Phila.Balt. & Wa. November. 1,044,159 990,559 5,479,135 5,120,535
102,560
71,518 Phlla <fc Erie...... November. 594,441 614.481 2,817.200 3,308,931
22,536
24,389
I Cane B elt......... . November.
15,372
13,992
ICent’io f Georgia 2d wk Jan. 180,760 176,250 5,008,788 4,390,699 Pine BLf.Ark.R... November.
3,980
5,979
i Cent’ l of N Jersey November 1,730,695 1,513,047 6,045,100 7,480,108 Pittsb C C & St L December 1,951,733 1,779,697 11,720,342 10,933,298
1Central Pacific., October... 1,982.945 1,939,967 7,855,107 7,693,640 Plant System— |
64,541
j Chattan South’n. d wk Jan.
1,882
2,588
51,159
Ala Midland.
I Ohesap <fe Ohio... 2d wk Jan. 317,835 308,079 8,173,323 9,051,042
Bruns (fe W’n. [
706,318 598,739 8,475,502 7,948,369
Chic <te Alton Ry. November. 842,270 813,562 4,338,075 4,142,332
Chas &Sav... June .
Chic Burl (fe Quin August .. 5,171,300 4,979,672 9,791,687 9.460,462
8av Fla (fe W.
Chic & E Illinois. 4th wkDec 203,043 169,894 3,698,337 3,131,742
SilS O c& G ..
Chic Gt Western. 2d wk Jan. 133,365 141,727 4,186,372 4,288,565 Reading Co.—
Ohio Ind & L’ v ... 2d wk Jan.
71,335
76,241 2,680,921 2,507,721
Phil <fe Read__ November. 2,887,469 2,640,612 10,984,825 12,694,707
Chic M ilw & StP November. 4,390,781 4,177,139 21,274,163 20,394,996
Coal (fe Ir Co— November, 2,344,718 3,034,545 3,515,540 12,821,382
]Chic & North W’n December. 3,787,991 3,618,773 25,511,028 24,671,001
Tot both Co’s.. November. 5,232,187 5,675,157 14,500,365 25,516,089
Chic PeocfeStL.. August__ 133,929 123,975
431,755
266,242
468,591
98,659
91,660
232,767 Rich Fr’ksb & P . November
lOhic R I & Pao... November. 03782045
222,067
61,462
019739540
219,206
59,388
Rio Grande Jet.. October...
q ‘>4.7
322,472
Chic St P At & 0 . November. 1,081,243 1,079,378 5,529,581 5,391,645 Rio Grande So... 2d wk Jan.
328,307
10,108
Clilc Term Tr RK 2d wk Jan.
941,933
30,608
30,174
454,400 449,400 5,341,154 4,908,081
867,674 Rio Gr’de West.. June__
Gin N O & T Pac. 2d wk Jan. 103,794
991,092
97,504 3,106,195 2,943,241 Rutland............ 1st wkDec
36,029
31,320 1,099,038
Cl Cin Oh (fe St L. 2d wk Jan. 328,960 317,688 10,911,508 10,638,981 St Jos &Gr I ...... November. 116,521 109,878
642,581
533,115
Peoria (fe East’n 2d wk Jan.
22,567
49,557
45,042 1,514,985 1,413,511 St Louis & Gulf.. August__ A28.476
/i59,681
11,445
Colorado & South 2d wk Jan. 119,173
80,163
77,896
18,716
21,417
98,473 3,365,426 3,015,403 St L A N Ark...... October...
Col Newb (fe Lau. November.
16,319
77,694
14,928
72,023 St L & San Fran g 2d wk-Jan. g o 93,740 0536,249 ^17257846 015333266
Col Sand <fe liock 3d wk Oot.
32,418
509,531
408.538 St L Southwest.. 2d wk Jau. 125,341 ‘ 135,589 4,111,336 4,123,031
25,913
Copper Range.... November.
26,684
156,005
18,077
187,439 162,244 1,175,579 1,077,475
73,409 St L Van (fe T H.. December
Cornwall........... October...
33,631
7,660
11,282
43,196 San Ant & A P ... November. 226,893 250,311 1,207,398 1,184.332
718,594Corn wall cfeLeh.. November.
17,527
628,620
110,646
162,869 San Fran <feN P.. December.
28,700
92,868
85,526
Cumberl’d VaiLoy November. 110,308
554,774
95,824
/706,318 f 598,739 £8,475.501 A'7,948,368
518,967 Sav Fla <fe West.. June__
Denv. (fe Rio Gr. > 2d wk Jan. 299,500
Air L.. 2d wk Jan. 214,688 213,922 6,635,845 ' 6,062.547
321,700 9,815,495 9.740.867 Seaboard
Rio Gr. West. $
256,882
261,959
20,428
18,173
So C & Ga E xt... May.........
Detroit Southern. 2d wk Jan.
25,533
25,265
5,872
748,959
692,581 So Haven A East. October...
11,300
Det <fe Mackinac. December.
317,372
61,941
425,760
78,230
433,628
75,236
393,253 Southern In d __ December*
48,676
DulSo Sh <&Atl.. 2d wk Jan.
40,647
41,458 1,510,757 1,459,954 So Pacific Co b... November. 7,945,320 7,467,291 38,011,225 36,371,734
Erie.................... November. 4,040,135 3,545,220 18,219,475 18,217,372
153,962
93,136
43,589
30,783
Carson <fe Colo. October...
Evansv (fe Indian 2d wk Jan.
5,926
7,09_
223,566
188,725
Central Pacific. October... 1,982,945 1,939,96 7,855,107 7,693,640
Evansv (fe T H ... 2d wk Jan.
29,014
28,304
55,689
935,132
816,645
51,738
24.336
32,259
Direct Nav. Co. October...
F’rchild (fe N’r’e’n November.
3,883
2,386
17,501
14,290
Gal Har cfe S A. October... 613,261 685,327 2,198,741 2,414,687
Farmv <fe Powhat November.
5,211
33,071
6,625
160,286
30,025
359,433
53,651
Gal Hous <fc No October... 122,178
Ft W & Denv City November. 223,593 221,213 1,146,117
59.584
67,115
15,689
13,774
935,173
GulfW. T. & P. October...
Georgia RR........ November. 200,183 187,665
300,152
981,277
836,862
293,958
96,842
93.336
Hous. E. &W.T. October..
Ga South & Fla.. December
132,383 109,957
82,619
756,610
633,232
72,281
23,522
25,326
Hous. <fe Shrev. October...
Gila ValG A N.. November.
121,519
23,308
36,081
152,887
Hous (feTexCeu November. 488,121 499,405 2,416,518 2,426,772
Gr Trunk System 2d wk J an, 579,002 512,443 17,848,778 16,268,134
21.5o7
17,896
7,111
6,046
Iberia & Verm. October...
GrTr. West’n. 4th wkDec 131,240 130,369 2,401,342 2,164,548
606,036
672,068
177,346
Loiiis’a West... October... 166,03
Det G rH & M .. 4th wkDec
637,932
35,063
614,273
44,368
Morgan’s L cfe T October... 414,202 468,823 1,507,596 1,777,200
Great North’n 82.585
81,965
21,553
20.906
N. Mex.<fe Ariz.. October...
StPMinn&M) December.
131,797
161,790
41,889
38,577
N Y T & Mex .. October...
3,207,036
3,121,565
22,775,199
19,702,375
East, of Minn $
Oregon & Calif. October... 352,846 313,999 1,364,833 1,225,722
Montana Cent’! December. 189,352 110,708 1,027,125
161,202
857,540
160,605
43,69
46,306
Sonora Ry...... October...
Total system. December. 3,396.388 3,232.273 23,802,324 20,559,915
364,283
385,306
87,978
91,296
So Pac. Coast... October...
GulfA Shipisland November. 149,552 116,723
706,077
553,123
So Pao RR Co,. October... 2,788,578 2,555,869 9.916,382 9,531,815
Hocking Valley.. 2d wk Jan.
91,244
90,560 3,159,179 2,894,406
1,554,438
So Pac SS Lines October... 535.423
Hous <fe Tex Cent November 488,121 499,405 2,416,518 2,426,772
981,694
Tex& NOrl...... October... 287,901 257,518 1,097,061
, Illinois Central.. December 3,770,718 3,413,126 22,040,601 20,635,030 Southern Railw’y 2d wk Jan. 759,914 749.8S9 22,730,472 20,547,763
Illinois Southern December.
70,690 Terre H <fe Ind ... December. 155,764 124,365
12,580
11,277
80,279
948,059 * 840,814
Ind. 111. <fe Iowa November. 149,230 147,742
690,152
710.538 Terre H & Peor.. December.
304.722
292,530
42,973
56,528
Int & Gt North’n 2d wk Jan.
98,807
97,619 3,098,838 2,969,226 Texas Central ... 2d wk Jan.
386,745
12,355
361.349
12.396
Interoc (Mex)__ Wk Jan. 3
81,000
74,050 2,505,130 1,994,040 Texas <&Pacific.. 2d wk Jan. 246,215 243,305 6,426,517 6,692.470
Iowa Central__ 2d wk J an.
44,928
90,400
58,351 1,340,284 1.382.867 Tex S V & N W . . December.
88,500
20,000
16,000
Iron Railway__ December.
8,337
6,621
41,081
39,606 Tif ton Thom. <feG. November.
56,560
75,968
14,861
11,056
Kanawha <fc Miol 2d wk Jan.
19,621
21,232
551,987
581,707 Toi & Ohio Cent. 2d wk Jan.
55,710 1,712,205 1.5S9.989
50,931
Kan City South’n 2d wk Jan. 121,861 116,510 3,413,354 3,010,858 Tol P & W est.... 2d wk Jan
647,287
661,679
22,748
24,090
■.Lehigh Val RR.. December 2,473,000 1,839,410 11,224,889 13,884,217 Tol St Life W.
2d wk Jan
46,617 1,693,715 1,477,871
54,710
Leh Val Coal Co. December.
256,389
234,041
11,144
Tor Ham <fc Buff. 4th wkDec
13,166
Lexing A East’n. November.
40,439
168,474 Un. Pao. proper. 2d wk Jan. 511,889 548,199 16,335,557 1G,020,705
29,374
232,798
Lontf Island__ November.
I n c . 32 ,694
In c. 193 ,761
Union Pac RR . )
La. & Arkansas. September
121,702
43,963
38,744
108,457
Oreg RR <fe N > November. 4,744,427 4,438,497 22,867,689 21,548,S59
Lou. Hend.cVSt.L. October...
278,432
73,110
246.070
63,847
Oreg Sh Line. j
Louisv efe Nasliv. 2d wk Jan. 650,965 624,685 18,726,461 16,377,722 Wabash.............. 2d wk Jan. 356,297 382.577 11,562,188 10.C69.273
Macon «&Birm... December.
12,260
12,073
80,215
64,461 W Jersey tfc Sea’e November. 226,063 217,163 2,092,732 1,972,932
Man’tee&Gr.Rds November.
9,610
53,553
55,318 Wheel & L E .... 2d wk Jan.
9,895
65.281 2,209,086 1,904.157
64,263
Mania cfe No East November.
12,941
21,909
136,574
133,741 Wichita Valley.. August__
21,900
10,775
7.413
5,331
Manistique..... December
64,498
6,605
53,152
81.627
34,629 Wm’sport & N*Br. November.
4,951
10,69
13,886
Mary I’d cfe Penn.. November.
3,315,949
23,652
21.718
97,228 3,699.396
Wisconsin Cent.. 3d wk Jan 105.700
\Mexican Central 2d wk Jan. 469,680 359,431 11,649,369 9,325,457 Wriglitsv <fe T'n.. November,
60,539
77.627
15,049
16.734
Mexioaulatern November. 554,057 566,583 2,742,500 2,183,648 Yazoo & Miss. V. December. 690,208 665,0S3 3,749,897 3,411,088
$FoverB results on lines directly operated.
.
currency, a Includes Paducah & Memphis Division from July 1 in both years, t Results on Monterev (fe Mexican Gulf are
included from March 1, 1902, but for no part of 1901. e Covers lines directly operated, including the Buffalo & Alie’y Val. Div.for both years.
0includes the Houston A Texas Central and its subsidiary lines. Earniugs ot the Groin .veil Steamship Line, not previously reported, are
/ mJ10w4Jals0 included.
c Results on Montgomery Divisiou are included in both years.
d Includes St. Paul cfe Duluth tor both years.
7 inese figures are the results on the Ala. Mid!., Brunswick .fe Wost., Charles, cfe Sav., Sav. Fla. cfe Wost’ n and Silver Spriugs Ocala A Gulf,
+furTTS now lnolll^e
Chicago cfe Eastern Illinois in both vears. h From Mav, 1902, includes sundry acquired roads, i Including
& ° alu- l)° th years, t Including earnings of the Sav. Flor. cfe West, in both years, v Inoludes $90,970 other income
in Nov., 1902, and $o82,557 from July 1.
1
TH E
201
C H R O N IC L E
1*( w e e k o f J a n u a r y .
Totals for Fiscal Year.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1
that being now the beginning of the fisoal year of the great
majority of the roads. There are, however, some roads that
still have their own fiscal years. These with their dates are
brought together in the following.
L a te s t d r o s s E a r n i n g s .
P e r io d .
Roads.
C u rren t
T ea r.
P r e v io u s
T ear.
[Vol. LXXVI.
1903.
1902.
$
$
Increase.
8
Previously rep’d (SSFds) 9,528,643 8,793,030
Detroit Southern____ _
22,922
27,191
81,000
Interoceanic (Mex.)*....
74,050
96,900
Mexican Railway*.........
92,500
'Jexioan Southern...... .
15,560
18,132
8,614
Mineral Range...............
8,713
847,276
Total <58 roads)........... 9,753,639 9,013,616
Net Increase ‘ 8-21p.o.l.
* Week ending January 3.
858,626
740.023
6,950
4,400
Decrease.
111.668
4,269
2,572
99
118,603
Net Earnings Monthly to Latest Dates.—The following
334,378
Inc.
Nov. 30
Oot 31 1,756,116 1,640,820
52.006
58,365
Dec. 31
Nov. 30 13,477,937 15,573.725
3,501
4,370
Jan. 14
Dec. 31 29,511,396 28,584,103
Oct 31
Nov. 30 10,934,781 10,216,144
Nov. 30 1,112.648 1,014,375
184,541
186.048
Jan. 14
309,142
311,519
Nov. 80
93,462
104,407
Dec. 31
867,579
715,152
Jan. 14
Nov. 30 6,853,214 5,413,786
Deo. 27 4.993.000 4,305.700
742,325
655,067
Jan. 7
Jan. 14 1.292.000 1.159.000
36,000
27,000
Jan. 14
Jan 14 1.328.000 1.186.000
322,697
272,885
Jan 14
Nov. 30 7,652,808 7,624.008
410,062
363,373
Nov. 30
Nov. 30 103133919 93,023,719
Inc. 5,473,800
Nov. 30
309,803
304,219
Jan 14
Nov. 30 5.835.619 6,293,647
990,559
Nov. 30 1,044,159
Dec. 31 22,559,716 20,684,355
527,693
522,258
Oct 31
370,691
340,712
Deo. 31
Oot 31
308,784
Dec. 31
265,438
90,626
100,094
Deo. 31
439,014
469,999
Jan 14
Nov. 30 3,670,384 3,465,584
45.970
39.617
Aug. 31
* These figures lnolude the Buffalo A Allegheny Valley Division In
both years. tThe operations of the Monterey & Mexican Gulf are
noluded from March 1,1902.
Allegheny Valley................... Jan. 1 to
Atlanta & Charlotte Air Line. Apr. 1 to
Bellefonte Central........ . ....... Jan. 1 to
Central of New Jersey........... Jan. 1 to
Chattanooga Southern........ Jan. 1 to
Chicago & North-Western.... June 1 to
Chicago Rock Island & Pac. Apr. 1 to
Ohio. St. P. Minn. A Omaha.. Jan. 1 to
Cumberland V a lle y ............. Jan. 1 to
International A Gt. North’n Jan. 1 to
Manistee A North Eastern... Jan. 1 to
Manlstlqne................. ........... Jan. 1 to
Mexican Centralt................. Jan. 1 to
Mexican International......... Jan. 1 to
Mexican Railway.............. . Jan. 1 to
Mexican Southern.............. Apr. 1 to
Missouri Pacific...................... Jan. 1 to
Central Branch................... Jan. 1 to
Total................................ Jan. 1 to
National RR. of Mexloo........ Jan. 1 to
Northern Central................... Jan. 1 to
Worth Shore............................ Apr. 1 to
Pennsylvania, East of P. & E..* Jan. I to
West of P. & E................. Jan. 1 to
Pere Marquette...................... Jan. 1 to
Philadelphia & Erie.............. Jan. 1 to
Phlla. Baltimore. & Waeh’g’n Nov. 1 to
Pitts. Clnoin. Chic. A St. L ... Jan. 1 to
Rio Grande Junction............ Deo. 1 to
St. L . Vandalla A Terre H.... Nov. 1 to
South Haven & Eastern........ Jan. 1 to
Terre Haute <6 Indianapolis. Nov. 1 to
Terre Haute & Peoria........... Nov. 1 to
Texas & Pacific...................... Jan. 1 to
West Jersey A Seashore...... . Jan. 1 to
Wichita V alley...................... Jan. 1 to
Latest dross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
week. The table oovers the second week of January and
ehows 5 ’40 per cent increase in the aggregate over the same
week last year.
2 n d w eek o f J a n u a ry .
Alabama Gt. Southei n
Ann Arbor...___ _____
Buffalo Roch. & Plttsb’g
Canadian Paolflo__ ...
Central ot Georsria......
Chattanooga Southern.
Chesapeake A Ohio.......
Chicago Great Western
Ohio. Indlan’ll8 A Loulsv.
Chic. Term. Transfer__
Oln. N. O. & Texas Pao..
Olev. Cln Chic. & St. L.
Peoria & Eastern......
Colorado A Southern__
Denver & Rio Grande*
Detroit Southern......... .
Duluth So. Shore A A t..
Evansv. A Indianapolis
Evansv. & Terre Haute
4Jrand Trunk...
Grand Trunk Westil! £
DetGd. Hav. A Milw,
w. 3
Hooking Valley.
Intern’! & Gt. Northern.
Iowa Central..................
Kanawna & Michigan..
Kansas City Southern...
Louisville A Nashville..
Mexican Central............
Mineral Range..............
Minn. & St. Louis..........
Minn. St’. P. AS. Ste.M.
Mo. Kansas & Texas__
Mo. Pacific A Iron M t...
Central Branch............
Mob. Jackson A K. City.
Nashv. Chat. A St. Louis.
National RR. of Mexloo.
Norfolk & Western.....
Pere Marquette ...........
Rio Grande Southern...
Bt. Louis & San Fran.. >
Chic. A E. Ill............ $
St. Louis Southwestern..
Seaboard Air Line..........
Southern Railway.........
Texas Central............... .
Texas A Pacific..............
Toledo A Ohio Central..
Toledo Peoria A West’n .
Toledo St. L. A West......
Union Pacific Proper__
Wabash........................
Wheeling A Lake Erie..
Wisconsin Central.........
1903.
1902.
Increase.
47,009
29,112
118,312
743,000
180,760
2,588
317,835
133,365
71.335
30.608
103,794
328,966
49,557
119,175
299,500
25,533
40.647
5,926
29,014
$
47,87)
32,871
108,052
627,000
176,251
1.882
308,079
141,727
76,241
30,174
97,504
317,688
45,042
98,473
321,700
25,265
41,458
7,097
28,304
579,002
512,443
66,559
91,244
98,807
44,928
19,621
121,861
650,965
469,680
10,087
57,280
104,641
311,750
686,000
20.000
5,334
171,810
178,056
344.986
148,365
9,247
593,740
125,341
214.688
759.914
12.356
246,215
50,931
24,090
54,710
511,869
356,297
64,263
103,tOl
90,560
97,619
58,351
21,232
116,510
624,685
359,431
9,932
58,331
81,904
301,942
016,000
14,000
3.196
159,989
139,749
326,835
160,730
10.108
536.249
135,589
213,922
749,889
12,396
243,305
55,710
22,748
46,617
648,199
382.577
65,281
100,610
684
1,188
8
Decrease.
$
$
10,260
116,000
4,510
706
9,756
434
6,290
11,278
4,515
20,700
268
710
5,351
26.260
110,249
155
22,737
9,808
70,000
6,000
2,138
11,821
38,301
18,151
862
3,759
8.362
4,906
22.2C0
811
1,171
13,423
1,611
1,042
12,345
861
57,491
766
10.025
2,910
1,342
8,033
2,990
658,474
Total (55 roads).......... 9,917,762 9,409,317
.......
.... . . . .
Nat lnorease (5-40 p c.)..
508.445
tWeek ending Jan. 17. * Including Rio Grande Western.
10,248
41
4,779
36,310
26,280
1,018
160,029
For the first week of January our final statement oovers
58 roads, and shows 8*21 per oent increase in the aggregate
over the same week last year.
ahowsthe gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of this
character, and in that form is given once a month. Early re
turns are published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making re
turns are brought together here in the week in which we pub
lish our monthly article on net earnings—say about the 20th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page 207.
- - Gross Earnings.—, ----- Net Earnings.Roads.
C n/'rent
Tear.
Previo us
Year.
Current
Tear
P r ev io u s
Tear.
$
8
8
8
Alabama Gt.S’ t.h.a.Nov.
231,820
220,951
60,228
66,089
July 1 to Nov. 30__ 1,126,730 1,040,049
299,800
305,206
Allegheny Valley...Nov.
Inc. 40,878
Deo. 15,766
Jan. I to Nov. 30__
Ino. 334,378
Deo. 83,624
A u d A rbor.b......... Nov.
170,250
168,208
53,125
30,461
July I to Nov. 3 0 ....
801,171
603,148
285,097
255,884
6,346
Ann’p.W’sh.A Bal.aNov.
6,798
2,146
2,545
July i to Nov. 3o__
37,969
38,264
15,224
16,003
Atoh.T. A 8. Fe.b..Nov. 5,648,192 5,439,579 t2,515,814 t2,489,228
July 1 to Nov. 30....2S,155,185 25,547,304 110593,329 t l l l 6 1,246
Atl’ta A Char. A. L.. Oct
282,404
109,654
273.771
122.662
July 1 to Oct 31__ 1,079,978
417,319
378,749
995,528
Atl. Knox. A No.a Nov.
15,467
53,998
57,815
27,247
July 1 to Nov. 30. ..
294,588
262,590
94,000
103.982
21.005
Atlantic A Blrm’gh.Dec.
9,705
11,873
5,991
116,783
July 1 to Dec. 31__
60,631
49,887
24,560
Atlantic Coast L.a.Nov. u l ,519 165 u l ,407,921 U 5 3 0 . 2 2 4 u522,378
___ I
July 1 to Nov. 30.... u7,3 88,334 u6,316,987 u2,4 14,698 u l ,878,824
Baltimore A Annapolis
Short Line.a........Nov.
9,5f8
9,171
5,021
2,952
July 1 to Nov. 30__
49,559
46,866
18,177
16,616
Balt. A Ohio.b...... Dec. 4,928,035 4,590,024 1,787,079 1,571,739
July 1 to Deo. 31__ 31,647,157 29,499,766 12,175,120 11,424,826
145,595
Bangor A Aroost’kbNov.
140,311
56,373
59,740
740,313
July 1 to Nov. 30__
693.089
289,095
275,906
Bath A Hamm’ds.bNov.
3,960
5,043
3,107
2,197
July 1 to Nov. 30....
17,338
19,576
8,358
9,637
17,287
Bellaire Z. A Oin...Oct
15,952
4,820
3,020
July 1 to Oct 31__
69,043
62,995
21,564
10,851
Bellefonte CentralbDeo.
4,639
2,354
4,808
1,847
Jan. 1 to Dec 31__
58,368
52,006
22,836
18,045
Boston Rev. B. A Lynn—
99,271
Oct 1 to Dec. 31__
88,513
7,688
5.772
506,464
Jan. 1 to Dec. 31__
68,005
66,503
442,608
Brldgt. A Saco R.bNov.
4,346
3,089
1,885
750
July 1 to Nov. 30....
22,338
9,029
7,177
20,303
Bull. R. A Plttbs.b.Nov.
594,810
523,106
230,367
229,336
July 1 to Nov. SO__ 3,197,025 2,885,609 1,438,465 1,364,567
8uflalo & S’squeh.aNov.
90,668
75,823
t45,757
t38,653
July 1 to Nov. 80---418,634
364,055 1198,123 tl69,953
Canadian Pacific.a.Nov. 3,976,069 3.583,383 1,558,241 1,440,878
July 1 to Nov. 30__ 18,655,757 16,399,816 7,123,743 0,662,148
Cane Belt.... ......... Nov.
22,536
24,389
9.891
12,728
July 1 to Nov. 30__
102,560
71,518
39,697
30,624
Cent, of Georgia.a.Nov.
791,932
247,746
751,406
236,300
July 1 to Nov 30__ 3,352.204 3,306,007 1,160,675 1,041,783
Cent, of N.Jersey.a.Nov. 1,730,695 1,513,047
751,394
871,717
July 1 to Nov. 30__ 6,045,100 7,480,108 1,(57,940 3,402,206
Jan. 1 to Nov. 30....13,477,937 15,573,725 4,110,055 6,798.117
Central Paolflo.b...Oct 1,982,945 1,939,967
786,970
828,188
July 1 to Oct 31__ 7,855,107 7,693,640 3,436,839 3,259,290
Chattan’ga South.a Nov.
9,233
def.315 def 5.051
7,476
July 1 to Nov. 30__
40,717
50,687
5,899 def.20.4S3
491,240
Otocsap. & Ohio.a..Nov. 1,428,428 1.357,238
515,620
July 1 to Nov. 30.... 6,144,637 7,226,429 1,991,081 2,874,339
227,422
Chloago A Alton.a.Nov.
813,562
842,270
250,073
July 1 to Nov. 30__ 4,338,075 4,142,332 1,511,028 1,418,366
Ohio. Burl. A Quin.b Aug. 5,171,300 4,979,672 2,235,433 2,141,72(
July 1 to Aug. 3 1 .... 9,791,687 9,460,462 4,035,282 3,860,771
530,742
300,220
242,57?
632,614
Ohio. A East. 111. b..Nov.
July 1 to Nov. 30.... 3,047,903 2,579,585 1,406,380 1,171,521
171,31!
652,185
213,509
676,554
Chic. Gt. West’n.b.Nov.
990,704 1,039,74£
July 1 to Nov. 30__ 3,309,695 3,400,864
150,383
381,369
400,511
157,772
Ohio. Ind. ALouls. a.Nov.
839,5 r
903,696
July 1 to Nov. 3 0 .... 2,155,942 2,012,482
Chic. M. A St. P.a..Nov. 4,390,781 4,177,139 1,647,361 1,549,371
July 1 to Nov. 30....21,274,163 20,394,996 8,114,571 7,556,08(
Ohio. R.I. APao.a..Nov. 3,782,045
........... m l,441,182
July 1 to Nov. 30....19,739,540
........... m3,724,618
135,556
62,39
61,752
Chic.Ter.Transf.b.Nov.
147,858
327,31f
306,347
684,383
July l t o Nov. 3 0 ....
735,887
121,061
474,107
107,106
Cln. N. O. A T. P.a.Nov.
466,482
814,49;
611,751
July 1 to Nov. 30.... 2,446,350 2,327,669
433,25
447,777
01.Cln.0hic.A8t.L.aDec. 1,700,777 1,614,843
July 1 to Deo. 31.... 10,261,943 10,003,605 2,538,428 2,863,81!
58,96!
57,368
210,038
235,402
FeorlaAEas’ u.a Nov.
278,151
282,007
July 1 to Nov. 30.... 1,156,123 1,095,169
498,569 <1139,322 d 167,39'.
532,817
Color’ do A8outh.b.Nov.
July 1 to Nov. 30.... 2,648,203 2,377,987 <1674,737 d653,39!
4,18'
5,514
14,928
16,319
Oolum.Newb.A L.b Nov.
26,56:
26,819
72,023
77,694
July 1 to Nov. 30....
M
THE
January 94, 1903.]
— Gross Earnings.—
Current
Tear.
. *
Previous
Tear.
C H R O N IC L E
---- Net Earnings.----Current
T e a r.
Previous
Tear.
$
$
$
7,916
11,556
18,077
Jopper Bangs — .. Nov.
26.681
28,933
83,857
73.409
156,005
July 1 to Nov. 30....
6.206
1,727
11,262
7,660
Cornwall.a............ Oct.
22,230
8,138
33,631
43.196
July 1 to Oct. 31....
5,436
28.700
13,931
17,527
Cornwall & Leban. Nov.
81,112
45,869
162,869
110,661
July 1 to Nov. 30....
26,098
12,232
95,324
110,308
Cumberland Val.b.Nov.
365,841
335,806
Jan. 1 to Nov. 30.... 1,112,648 1,014,375
550,303
530,498
fl D e u .& R io G’de b Nov. 1,511,737 1,489,630
July l to Nov. 30___ 7,833,895 7,701,267 3,201,902 3,014,379
12,802
813,711
61,942
78,236
Detroit A Maoh’ o.aDec.
76,663
116,804
393,253
125,760
July 1 to Dec. 31....
59,720
47,182
201.895
197,174
Dal. So.Sh.A Atl.b.Nov.
441,781
473,798
July 1 to Nov. 8 o .... 1,228,657 1,176,612
4,040,135 3,545,220 1,397,079 1,055,539
E r i e . a . . . . ............... Nov.
July 1 to Nov. 30.__18,219,475 18,217,372 5,746,242 5,934,271
873
1,858
Fairchild & N. East.Nov.
8,883
2,386
6,838
7,318
July 1 to Nov. 30 ...
17,501 14,290
Farmv.A Powh’t'n aNov.
5,211
6,625 def.2,530 def.1,432
280
July 1 to Nov. 30__
33,071
30,025 del. 1,006
76,202
51,036
Ft.W.A Den. City. bNov.
223,593 221,213
259,832
303,035
July 1 to Nov. 3 0 ....
1,146,117 935,173
78.790
73,028
Georgia.a............. .Nov.
200,183 187,665
July 1 to Nov. 80....
981,277 836,862 q365,720 q235,976
27,382
42,172
Ga. South. & Fla.a.Nov.
140,248 99,868
149,373
177,681
July 1 to Nov. 3 0 ....
624,227 523,275
20,630
15,433
GllaVal. Globe* N.aNov.
23,308 36,081
78,550
74,890
July 1 to Nov. 3 0 ....
121,519 152,887
720,242
771,826
Gr. Trunk of Can...Nov.
2,226.9102,041,010
July 1 to Nov. 30....11,357,924 10,581,230 3,982,256 3,740,878
54,505
49.638
Gr. Trunk West...Nov.
394,186 324,109
250,6^5
218,020
July 1 to Nov. 30__ 1,975,800 1,769,947
25,793
21,900
Det.Gr. H. * Mll.Nov.
104,630 93,790
135,775
154,268
July 1 to Nov. 3 0 ....
535,802 491,030
34,326
64.207
Gull & Ship Isl.-.a.Nov.
149.552 116,723
151,662
264,874
July 1 to Nov. 3 0 ....
706,077 553,123
203,209
160,356
Hooking Valiev.a..Nov.
477,804 469,920
961,094
971,361
July l t o Nov. 30....
2,560,9362,312,125
304,442
281,181
Houst. & Tex.Oeu.bOct
600,213 601,477
790,538
798,830
July l t o Oct. 3 i ....
1,928,3971,927,367
IlllDolBOentral...a.Nov. 3,741,380 3,485,364 1,223,341 1,141,370
July 1 to Nov. 30....18,269,883 17,221,904 5,039,913 5,109,666
39,774
41,058
Ind. 111. &Iowa.b..Nov.
149.230 147,742
216,849
188,376
710,538
July 1 to Nov. 3 o ....
690,152
r25,118
r22,986
217,954
Iowa Central .a __ Nov.
206,937
July l t o Nov. 30— 1,031,697 1,063,014 rl43,471 rl55,069
2,164
2,474
6,477
Iron Railway b — Nov.
6,840
12,540
5,658
32,985
July 1 to Nov. 30---32,744
19,608
15,494
102,138
Kanawha & Mich.a Nov.
110,503
101,526
6,073
465,640
July l t o Nov. 30 ...
407,570
174,954
496,258 1186,083
I Kan.City South.a..Nov.
1565,010
711,468
July 1 to NOV. 30.... 12,643,336 2,293,235 1743,612
Lehigh Valley RR.—8ee detailed statement below.
7,852
13,663
40,439
29,374
Lexlng’ n &Ea«t,.b..Nov.
63,184
91,861
232,798
168,474
July 1 to Nov. 30....
Deo.
731
Ino. 32,694
Long Island...........Nov.
Deo. 65,934
Ino. 193,761
July 1 to Nov. 3 0 ....
17,717
15,596
38,744
43,963
Louisiana & Arkan.Sept
42,097
121,702
37,113
108,457
July 1 to Sept. 30 ...
18,456
26,816
63,847
73.110
Lou. Hen. A St. L,..Oct
72,971
96,996
246,070
278,432
July 1 to Oct. 31 —
967,365
Loalsv. & Nashv.b.Nov. 2,956,463 2,707,607 1,062,019
July 1 to Nov. 30.... 14,492,291 12,676,358 4,753,226 3,968,028
4,422
69
j Macon & BirinIngbNov.
13,089
12,056
6,396
def.749
July l t o Nov. 30 ...
67,954
52,388
114
def.785
Manistee* Gr.Rap.Nov.
9,610
9.895
8,833
6,553
July l t o Nov. 30....
53,553
55,318
8,016
9,500
Manistee & No. E.a.Nov.
21,909
21,900
140,745
154,961
Jan. 1 to Nov. 30....
309,142
311,519
Manlstlque.b.........Dec.
6,605
4,951 def.2,174 def 8,431
21,032
37,099
Jan. l t o Deo. 3 1 ....
104,407
93,462
5,865
5.905
Maryland & Penn..Nov.
23,652
21,718
67,037
Mar. 1 to Nov. 30 ...
226,545
...........
454,670
418,379
c Mexloan Cent.e..Nov. 1,885,090 1,494,573
Jan. l t o Nov. S0....19,050,893 15,821,337 5,893,286 4,335,537
221,217
208,747
c Mex. Intern»t’l...Nov. __554,057 _ 566,583
Jan. 1 to Nov. 30---- 5,853,214 5,413,786 2,281,365 2,232,031
866
3,254
1,926
3,998
Millen & South west.Nov.
794
15,341
6,585
20,532
July 1 to Nov. 30....
4,635
17,383
50,107
48,046
Mineral Range b ... Nov.
54,790
50,766
260,487
235,775
July 1 to Nov. 30 ....
141,108
108,784
316,232
305,670
Minn.* St. Louis.a.Nov.
631,772
658,219
July 1 to Nov. 30 — 1,623,434 1,567,455
450,655
694,803
425,377
742,101
M. St. P.&S.S.M.b Nov.
July 1 to Nov. 30— 3,482,111 2,882,172 1,885,874 1,651,191
555,847
529,271
Mo.Kan.&Texas.a.Nov. 1,630,313 1,574.751
July 1 to Nov. SO ... 7,895,330 7,566 987 2,637,802 2,511,390
1,190,238
__________________
. . . . . .1,298,013
. .
gMo.
Pao A.Ir.Mt.bNov. 3,518,461 8,814,738
Jan. 1 to Nov. 30....34,105,637 33,647,858 11,174,346 12,159,498
Nash. Ch.&St.L.b..Nov. n777,768 n685,714 nl91.S23 n219,273
July l t o Nov. 30....n3822,466 n3290,64l nll60,636 U1047.307
cNat’ l RR. of Mex..Nov.
855,143
625,629
289,224
191,322
Jan. 1 to Nov. 3 0 ....
8,346,157 6,991,692 2,893,247 2,216,711
Nev.-Oal.-Oregon. a.Nov.
16,060
15,691
8,086
5,077
July 1 to Nov. 3 0 ....
97,489
78,889
48,128
33,851
Nevada Central__ Nov.
3,729
3,189
1,904
926
July 1 to Nov. 30 . . .
18,361
17,088
7,048 def.2,022
N. Y. Ont. & West.aNov.
612,263 501,422
236,390 152,510
July 1 to Nov. 30.... 2,092,533 2,628,932
403,284 847,602
N. Y.Sns. AWest.a.Nov.
239,682 249,945
105.439 125,253
July 1 to Nov. 30___
740,551 1,248,612
211,808
803,474
Norfolk* West’n.a Nov. 1,629,027 1,447,971
567,852
590,880
July 1 to Nov. 30.... 8,390,018 7,311,462 8,383,087 3,144,470
Northern Oentral.bNov.
776,137
742,937
228,961
309,761
Jan. 1 to Nov. 3 0 .... 7,652,808 7,624,008 2,146,939 2,351,939
North Shore (Cal.) bNov.
35,920
30,231
8,740
3,729
Apr. 1 to Nov. 3 0 ....
410,062 363,373
174,730
92,058
PaoilloOoast Company -See Miscellaneous Companies.
Roads.
I
Roads.
Pennsylvania—
205
— G ross E a r n in g s .— . ------- Net E a r n i n g s ------Current
P r e c io u s
C u r re n t
P r e c io u s
Tear.
T ear.
T ea r.
T ear.
$
$
$
$
Lines dlreotlyoperated
j East of Pitts.&E.Nov. 9,465,825 8,774,325 2,746,052 8,417,652
j Jan. 1 to Nov. 30....103133919 93,023,719 35,318,715 33,289,515
West of Pitts.&E.Nov.
Ino.
93,600
Dec. 414,600
Jan. 1 to Nov. 8 0 ....
Inc. 5,473,800
Ino. 720,900
Pere Marquette.a..Nov.
844,718
791,067 204,730
140,446
Jan. 1 to Nov. 3 0 .... 9,086,806 8,427,050 2.324,701 1,997,571
Philadelphia Company—See statement on page 2 0 8 .
Phlla. & E rle.b___ Nov.
594,441
614,481 188,665
276,296
Jan. 1 to Nov. 3 0 .... 5,835,619 6,293,647 1,979,473 2,601,376
Phil. Balt. &Wash.bNov. 1,044,159
990,559 328,649 376,449
ehil.W ilm .* B alt.bO ct
1,144,881 1,073,881
620,336
570,136
Nov. 1 to Oot 31....12,230,749 11,808,249 4,189,821 3,948,721
Pine Blufl Ark. R ...N ov.
3,980
5,979
1,821
4,389
July 1 to Nov. 30___
13,992
15,372
5,103
6,527
Pitts. C.C.& St.L.aDec. 1,951,733
1,779,697 187,994
464,305
Jan. 1 to Dec. 3 i . . . .22,559,716 20,684,355 5,681,511 6,010,004
Reading Company—
Phlla. & Read’g.b.Nov. 2,887,469 2,640,612 1,138,899 1,022,184
July 1 to Nov. 3 0 .... 10,984,825 12,694,707 3,269,748 4,877,483
C o a l* Iron C o.b.N ov 2,344,718 3,034,545
445,441
349,775
July 1 to Nov. 3 0 .... 3,515,540 12,821,382 df.511,319 1,284,257
Total both Co.’s.bNov. 5,232,187 5,675,157 1,584.340 1,371,959
July 1 to Nov. 30....14,500,365 25,516,089 2,768,429 6,161,740
Reading Co. b ...... Nov..................... : .............
122.203
87,619
July 1 to Nov. 30............................................
581,595
411,870
Total allComp’s.bNov........................................ 1,706,543 1,459,578
July 1 to Nov. 30............................................ 3,340,024 6,573,611
Rich. Fred. & Pot. Nov
98,659
91,660
37,386
36,616
July 1 to Nov. 3 0 ....
468,591
431,755 130,588
165,558
Rio Grande Jan et..O ct
59,388
61,462
fl7.816
f!8,438
Dec. l t o O ct S i . . . .
527,693
522,258 fl58,308
fi56,676
Rio Grande 8onth.bNov.
52,578
53,340
30,103
23,008
July 1 to Nov. 3 o ....
268,700
254,599
143,949
113,272
8 t. Jos. & Gd. Isl.a.Nov.
116,521
109,878
40,156
37,380
July 1 to Nov. 3 0 ....
533,115
642,581
153,764
227,573
St.Louis & N. A rk .b O ct
18,716
21,417
7,158
11,150
July l t o O ct 3 1 ....
77,896
80,163
35,152
33,997
k8t. U & SanF. b..N ov. 2,068,116 2,031,018
662,874
940,925
July 1 to Nov. 30....10.418,115 9,466,453 3,943,326 4,279,333
St.Louis S’west. b . Nov.
709,162
737,968
238,074
292,472
July 1 to Nov. 3 o .... 3,194,297 3,190,824 1,014,234
930,492
San Ant.AAran.P.aNov.
226,893
250,311
67,081
101,914
July 1 to Nov. 3 0 .... 1,207,398 1,184,332
386,517
421,805
8 an F r,& N .P a c.a .D ec.
92,868
85,526
10,436 def.4,264
July 1 to Dec. 3 1 ....
718,594
623,620
245,379
229,753
Seaboard Air Line aNov. 1,024,232
934,137
262,018
291,578
July 1 to Nov. 3 0 .... 5,157,349 4,706,371 1,407,107 1,570,812
ISouthern Pac.Co.aNov. 7,945,320 7,467,291 2,401,532 2,866,941
July l t o Nov. 3 0 ....3 8 ,O il,225 36,371,734 12,899,930 13,743,631
Carson & C olo..b O ct
43,589
30,783
30,280
21,262
July 1 to O ct 3 1 ....
153,962
93,136
101,372
57,244
Central P acific.b.O ct 1,982,945 1,939,967
828,188
786,970
July 1 to O ct 3 1 .... 7,855,107 7,693,640 3,436,839 3,259,290
Direct Nav. Co.b. O ct
24,336
32,259
3,035
8,272
July l t o O ct 3 1 ....
51,738
55,689
2,187
3,997
Gai.Har.&S’ n A .b O ct
613,261
685,327
136,322
213,450
July 1 to O ct 3 1 .... 2,198,741 2,414,687
431,906
740,633
Gal. Hous.& N o.b.O ct
122,178
53,651
29,073
6,909
July l t o O ct 3 1 ....
359,433
160,286
122,838
9,831
Gulf W. T.&Pao.b O ct
15,689
13,774 def.2,862
2,815
July 1 to O ct 3 1 ....
67,115
59,584
9,859
12,253
Houst. E.&W .T.b.Oct
93,336
96,842
10,572
44,466
July l t o O ct 3 1 ....
293,958
300,152
14,286
94,262
H oust.* Shreve.b O ct
25,326
23,522
9,133
12,784
July 1 to O ct 31 . . .
82,619
72,281
26,190
27,043
Hous. & Tex. C .b .O ct
600,213
601,477
281,181
804,442
July l t o O ct 31 .. . 1,928,397 1,927,367
798,830
790,538
Iberia AVermil.b. O ct
7,111
6,046
4,703
4,019
July 1 to O ct 3 t . . . .
21,507
17,896
11,298
10,709
Louisiana W est.b.Oct
166,037
177,346
63,107
91,729
July 1 to O ct 3 1 ....
672,068
606,036
294,002
267,475
M g’n’ sLa.&Tex.bOct
414,202
468,823
199,818
234,461
July l t o O ct 8 1 .... 1,507,598 1,777,200
631,719
721,423
N. Mex. A A riz .b .O ct
21,553
20.906
10,318
def.530
July 1 to O ct 3 1 ....
81,965
82,585
23,822 def.19,863
S. Y. Tex. & M.b O ct
41,889
88,577
16,603
18,142
July 1 to Oot 31 ...
161,790
131,797
75.862
56,652
Oregon & O allf.b.O ct
352,846
313,999
112,090
109,558
July l t o O ct 3 1 .... 1,364,833 1,225,722
422,238
451,055
Sonora Railw’y.b.O ct
43,697
46,306
7,424
4,673
July l t o O ct 3 1 ....
160,605
161,202
14,407
def.931
So. Pao. C oast..b.O ct
87,978
91,296
11,019
11,837
July l t o O ct 3 1 ....
385,306
364,283
41,558
58,966
p 9oP ao.R R .C o.bO ct 2,788,578 2,555,869 1,163,800 1,167.810
July 1 to O ct 3 1 .... 9,916,382 9,531,815 4,111,292 4,374,166
8o.Pao.S8.L1nes.bOot
535,423
191,119
.........
July l t o O ot 3 L— . 1,554,438
............
430,897
............
Texas & N. O rl.b.O ct
287,901
257,518
44,548
68,324
July 1 to O ct 3 1 .__ 1,097,061
981,694
210,080
266,860
Southern Rallw’ y.aNov. 3,605,722 3,298,454 1,012,533 1,125,961
July 1 to Nov. 3 0 .... 17,788,126 15,965,483 5,346,964 5,161,175
Texas Central -a .... Nov.
67,320
69,123
16,327
21,791
July 1 to Nov. 3 0 ....
270,712
286,655
66,619
79,161
TlftThomasv * G.aNov.
14,861
11,056
5,848
3,630
July 1 to Nov. 3 0 ....
75,968
56,560
32,231
20,961
Toledo * O. Cent.a.Nov
266,077
250,252
50,780
39,897
July 1 to Nov. 3 0 .... 1.345,014 1,273,263
272,449
313,305
Tol.Peoria & West.bDeo.
114,807
94,898
30,800
17,738
July 1 to Deo. 31 . . .
616,924
604,564
156,085
160,471
Jan. 1 to Deo. 3 1 .... 1,164,394 1,155,502
269,693
280,864
Onion Pao.Syst’ma.Nov. 4,744,427 4,438,497 2,223,535 2,303,056
July 1 to Nov. 30....22,867,689 21,548,859 11,176,639 10,658,740
Wabash.b............... Nov. 1,714,999 1,639.572
486,471
535,063
July 1 to Nov. 3 0 .... 9,151,240 8,845,275 2,812,823 2,666,865
W.Jersey & 8e»sh.bNov.
226,063
217,163
3,810
10,310
Jan. 1 to Nov. 3 o .... 3,670,384 3,465,584 1,012,605
931,105
Wheel. * L . E rie.b.N ov.
858,143
298,144
87,185
79,793
July 1 to Nov. 3 0 .... 1,780,272 1,535,025
414,027
483,650
THE
206
— G ross E a r n in g s .— .
C u r re n t
P r ev io u s
Y ear.
Y ear.
Roads.
Wichita Valley.a__ Aug.
Jan. 1 to Ang. 31....
W’ msp’rtA No.Br.aNov.
July 1 to Nov. 30....
Wisconsin Central bNov.
July 1 to Nov. 30__
Wrightsv.A Tenn.bNov.
July 1 to Nov. 30—
Yazoo AMiss.Val.a.Nov.
July 1 to Nov. 30....
D H RO N 10LE
-N et E a r n in g s .—
C u r re n t
P r ev io u s
Y ear.
Y ear.
$
$
$
5,331
7,413
3,335
45,970
18,966
39,617
10,697
5,716
13,886
34,315
81,627
64.498
205,000
549,262
482,303
2,926,596 2,609,226 1,161,351
2,707
16.734
15,049
32,161
60,539
77.627
775,493
343,062
786,291
709,085
3,059,689 2,746,005
$
5,026
24,650
5,549
27,701
160,925
980,655
6,334
22,588
356.111
818,988
a N et earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c These figures are in Mexioan currenoy, and are convertible into
gold at the current rate of exchange.
d Net. after deducting taxes, is $121,264 and $149,839 for 1902
and 1901 respectively lor the month, and $584,449 and $565,602 from
July 1.
e Results on Monterey & Mexioan Gulf Included from March 1,1902.
f Thirty per cent of gross earnings.
g Includes Missouri Pacific & Iron Mount’n and also Cent’l Branch.
I These figures inolude Houston & Texas Central and its subsidiary
lines and also Steamship Lines.
1 These figures Inolude results on the Buffalo & Allegheny Valley
Division in both years.
It These figures include in both years results on Kansas City Fort
Scott & Memphis RR. and Fort Worth <fc Rio Grande RR.
m Includes other inoome amounting for November to $90,970 and
from July 1 to Nov. 30 to $5»2,557.
n Includes Paducah & Memphis Division from July 1 in both years.
Expenses for Nov. Inolude $121,166 paid for additions to property,
and $292,918 for period from July 1,1902.
p Inoludes results on former Southern Paolflo of Arizona, Southern
Pacific of California and Southern Paoiflo of New Mexico.
q Including remittances from connecting roads, total net inoome for
five months is $395,720, in 1902, against $315,976 last year.
r For November additional inoome is $7,459 this year against def.
$48, last year. From July 1 to November 30 additional income is
$21,942 against def. $11,483 last year,
s Taxes were $17,833 more this December than last,
t After adding $15,709 other inoome for November, 1902, and $2,795
for November, 1901, total ;net inoome amounts to $61,466 and
$41,448, respectively. From July 1 other inoome amounts to $11,3±1
and $14,229, making total net inoome $239,464 and $184,182, respec
tively.
u Including earnings of Savannah Florida & Western in both years.
tFor November, 1902, taxes and rentals amounted to $184,567,
against $161,759, after deducting which net for November, 1902, was
$2,331,247, against $2,327,469. From July 1 to Nov. 30, 1902, taxes
and rentals amounted to $930,972. against $842,797, after deducting
whloh net was $9,662,356, against $10,313,448.
t Kansas City Sub. Belt inoluded from January 1,1902.
ITInoludes Rio Grande Western for both years.
[VOL. LXXVI,
—In t., R en ta ls, elc.C u r re n t
P r ev io u s
-B a t. o f N et E a r n 'g s.C u rren t
Tear.
Year.
Y ear.
Roads.
$
$
$
P ere Marquette__ Nov.
134,446
126,930
70,284
Jan. 1 to Nov. 30__ 1,479,370 1,352,604
845,331
Pine Bluff Ark.R...Nov.
916
486
905
July 1 to Nov. 30....
2,848
2,416
2,255
Reading—
All companies__ Nov.
901,000
879,082
805,543
July 1 to Nov. 30.... 4,145,000 4,395,410 df.l 10497b
7,708
R io Grande Jnnct...Oct.
7,708
10,108
Deo. 1 to Oct. 31__
84,790
84,790
73,518
Rio Grande South..Nov.
19,033
18,033
11,070
July 1 to Nov. 30__
96,838
91,143
47,111
St. Jos. & Gr. Isl’d..Nov.
11,667
8,750
28,489
July 1 to Nov. 30 ...
58,335
43,750
95,429
536,962
485,185 *140,302
8t. L. & San Fran...Nov.
July 1 to Nov. 30__ 2,679,385 2,135,112 *1,326,958
San Ant. & Ar. P ...Nov.
1166,969
112
July 1 to Nov. 30__ 0335,238
...........
51,284
San Fran &No.Pac.Dec.
22,675
22,771 def.12,239
July 1 to Deo. 31__
135,450
136,626
109,929
Southern Pao. Co..-Nov. {>3,085,623
df.709,618
July 1 to Nov. 30__ 5)15416470
df.2243328
Tift.Thoma3v. <fc G Nov.
3,849
3,771
1,999
July 1 to Nov. 30__
19,085
18,854
13,196
Toledo & Ohio Oen..Nov.
38,666
39,854
*12,671
July 1 to Nov. 3 0 ....
194,167
199,430
*80,685
Tol Peo.&W est...Dec.
22,538
23,051
8,262
135,227
July 1 to Deo. 31___
138,304
20,765
Jan. 1 to Deo. 3 1 ....
263,747
278,982
853
Wichita Valley...... Aug.
8,204
1922
131
Jan. 1 to Aug. 31__
17,943
15,379
1,023
W’msoort & No. Br.Nov.
2,404
2,291
3,312
July 1 to Nov. 30__
12,122
11,459
22,693
Wisconsin Cent...... Nov.
146,114
140,014
*62,113
July 1 to Nov. 30....
731,358
700,958 *447,589
Year.
$
13,516
644,967
3,903
4,111
580,496
2,178,201
10,730
71,886
4,975
22,129
28,630
183,823
*458,919
*2,157,462
...........
...........
def.27,035
93,127
def.91
2,107
*def.9
*115,823
def.5,313
22,168
1,883
3,104
9,271
3,258
16,242
*23,170
*290,322
* After allowing for other Inoome reoeived.
t These figures are after allowing for other income and for disoount
and exchange. After deducting $10,000 for Renewal Fund in
November, 1902. and $10,000 in November, 1901, the surplus for the
month is $186,939, against $230,268 a year ago. Similarly, after
deducting $50,000, the surplus from July 1,1902, to date is $1,592,093, against $1,473,433 a year ago.
t Inoludes Rio Grande Western for both years.
§ These figures inolude $1,789,893 appropriated for betterments and
additions to properties and equipment in Nov., 1902, and $8,727,910
from July 1 to Nov. 30.
BInterest on advances by Southern Paoiflo not taken into acoount,
but figures Inolude $3,969 appropriated for betterments and addi
tions to properties and equipment in Nov., 1902, and $20,233 from
July 1 to date.
11These figures inolude $501 appropriated for betterments and
additions to properties and equipment in Nov., 1902, and $2,948
from July 1 to date.
L e h ig h V a l l e y R a i l r o a d C o m p a n t .
-Deeember.-July 1 to Dee. 31.Interest Charges and Surplus*—The following roads, In
1902.
1901.
1902.
1901.
addition to their gross and net earnings given in the fore
Earnings and income...2,473,000 1,839,410 11,224,889 13,884,217
going, also report charges for interest, &o,, with the surplus Operating expenses ....1,695,300 1,541,079 9,414,115 9.472,787
above or deficit below those oharges,
777,700
298,331 1,810,774 4,411,430
R oad s.
Atlantic & Birm’ gh.Dec.
July 1 to Dec. 31__
Bellefonte Central.Dec.
MSfrJan. 1 to Deo. 30....
Boston Rev. B. & Lynn—
Oct. 1 to Dec. 31__
O hio. Burl.A Quincy Aug.
July 1 to Aug. 3 i ....
Ohio. & E. Illinois..Nov.
July 1 to Nov. 30__
Olev. Cin.Ch. & St. L.Dec.
July 1 to Deo. S i....
Peoria &East__ Nov.
July 1 to Nov. 3 0 ....
Copper Range....... Nov.
July 1 to Nov. 30....
Den. & R. Grande.t-Nov.
July 1 to Nov. 30__
Dal. So. 8h. & Atl...Nov.
July 1 to Nov. 30....
Gila Val.Globe & N.Nov.
July 1 to Nov. 30__
Gulf & Ship Isl...... Nov.
July l to Nov. 30—
Hooking Valley...... Nov.
July 1 to Nov. 30....
Indiana 111. & la __ Nov.
July l to Nov. 30....
Kanawha & Miob..,Nov.
July l t o Nov. 30....
Manistee & No. E...Nov.
Jan. 1 to Nov. 30__
Maryland & Penn..Nov.
Mar. 1 to Nov. 30__
Mineral Range.......Nov.
July 1 to Nov. 3o__
Mo. Kan. & Texas..Nov.
July 1 to Nov. 30 ...
Nashv. Chat.* St.L.Nov.
July 1 to Nov. 30__
Nev.-Cal.-Oregon.. .Nov.
July 1 to Nov. 30....
Norfolk A West’n....Nov.
Jnly 1 to Nov. 8 0 ....
North Shore (Cal.)..Nov.
Apr. l t o Nov. 30....
.— In t., R en ta ls, etc.— - r - B a l . o f N e t E a m 'g s ,—.
C u r re n t
P r e v io u s
C u r re n t
P r ev io u s
Y ear.
Y ea r.
Y ear.
Y ear.
$
2,883
14,875
550
6,600
15,052
813,000
1,626,000
139,743
683,628
250,211
1,429,111
33,688
168,441
5,875
29,399
336,507
1,617,135
88,641
407,708
118,810
H34,490
14,997
70,505
82.602
378,717
17,833
89,166
17,426
72,107
6,051
66,557
2,875
25,873
15,947
48,733
811,255
1,557,291
150,387
753,535
1,875
9,375
212,940
1,060,033
12,163
88,167
$
2,083
12,500
551
6,612
$
6,822
35,012
1,297
16,236
$
3,908
12,0t0
1,808
11,433
12,898 *def.3,994 *def.3,711
808,524 1,422,433 1,333,196
1,617,048 2,409,282 2,243,724
133,089 *174,148 *117,654
656,318 *841,888 *604,460
242,583
197,566
190,668
1,406,119 1,109,317 1,457,694
28,680
33,688
25,281
168,441
113,566
109,709
4,250
3,666
5,681
22,490
54,458
6,443
310,873 *tl96,939 *t240,268
1,531,581 *11642,093 *tl523,433
78,641 def.40,776 def.18,421
393,208
69,137
50,978
8,623
40,400
49,210
11,829
22,497
194,369
89,438
62,224
78,588
*84.964 *124,620
365,356 *630,388 *628,689
17,018
23,225
22,732
84,959
99,210
131,889
11,429 *def.l,402
*8,653
55,748 *df.63,158
*48,461
6,092
3,449
1,924
67,011
88,404
73,734
2,875
3,030
2,990
41,614
11,280
*1,605 *def.6,606
42,897
*2,800
*12,157
280,481
218,016
275,366
1,500,654 1,080,511 1,010,736
152,510
40,936
66,763
762,549
407,101
284,758
6,211
2,210
2,867
11,170
38,753
22,681
192,041
354,412
398,339
960,567 2,323,054 2,183,903
7,954 def.3,423 def.4,224
67,531
86,563
24,528
Less adds. & lmprov’ts. 119,000
97,000
704,000
799,000
Net......................... .. 658,700
201,331
Water lin es.................
6,000 def.39,301
Lehigh Valley Coal Co. . 376,000
137
1,106,774 3,612,430
51,750
def.5,501
16,155 def. 172,772
Total n e t ............ . 1,040,700
Charges and taxes........ 532,948
1,174,679
3,303,448
3,434,157
3,278,547
507,752 df.368,59 7 df.2,128,769
155,610
Balanoe.,
162,217
530,814
Miscellaneous Companies,
,—
G ross Earnings.—. ----- Net Earnings.-----,
C u r re n t
P r e v io u s
C u rren t
Previous
Y ear.
Y ear.
Y ear.
Year.
Companies.
$
$
Amer. Light & Trao.Nov......................
1108,721
July 1 to Nov. 30........................
1440,678
Buffalo Gas Co___ Deo.........................................
O ct 1 to Dec. 31............................................
California Central Ga> &
Electric Co......... Nov.
41,011
...........
do
do
Deo.
41,513
29,506
Col. & Hook.C. & I..Nov.
dl2,789
dL4,204
Apr. 1 to Nov. 3 0 .... dl24,873 ,dl00,540
Gas <fe Electric Co. of
Bergen County..Nov.
28,511
24,558
June 1 to Nov. 3 0 ....
158,154
141,038
Jackson Gas-L. C o. Dec........................................
Mar. 1 to Dec. 31 ...........................................
Laclede Gas L’t Co Dec........................................
Jan. 1 to Dec. 31........................ 1,153,573
Lowell Elec. Lt. Co.Sept
17,281
13,832
July 1 to Sept 3 0 ....
48,745
40,133
Mexioan Tel’phone.Nov.
21,060
18,432
Mar. 1 to Nov. 3 0 ....
182,176
159,139
Milwauk. Gas L. Co.Deo........................................
Jan. 1 to Dec. 31...........................................
Mlnneap. Gen. Elec.Sept
41,625
35,998
-aoltio Coast C o..aSept
500,090
519.911
July 1 to Sept 3 0 .... 1,552,078 1,375,321
Philadelphia Co.—See statement on page 208.
$
$
49,798
121,821
t90,685
1300,141
42,126
108,145
12,721
13,569
8,971
98,357
...........
7,346
10,850
70,457
14,091
71,496
9,868
44,176
132,492
9,813
62,502
4.408
29,380
120,178
1,054,870
3,421
9,196
7,357
70,756
62,917
564,848
20,280
111,912
307,255
5,719
15,943
9,872
83,497
75,905
681,743
18,760
109,486
317,277
iThe month’s proportion of the dividend on preferred stook was
$42,864 against $36,689 last year, leaving a surplus for November,1902
of $65,857 against $53,996 last year. For the 5 months the call for the
dividend was $214,320 in 1902, against $183,445 In 1901. leaving a
surplus for these 5 months of $226,358 in 1902. and $116,695 in 1901.
d Net receipts from ooal sales, etc., before deducting general ex
penses.
THE
January 24, 1903 ]
C H R O N IC L E
207
Street K ailw ay Net E arn iaga. —In the following we show
both
the gross and the net earnings to latest dates o f all Str e e t
-— In t., R en ta ls, etc.— . H al. o f N et E a r n ’g s >
P r e v io u s
C u r re n t
C u rren t
P r ev io u s
railways from which we have been able to procure monthly
T ear.
T ear.
T ear.
T ear.
returns. As in the case of the steam roads, the returns of the
Companies.
*
$
$
$
California Central Gas A
different roads are published by us each week as soon as re
6,888
5.833
ceived, and once a month (on the third or the fourth Satur
5,833
7,736
1,513
5.833
do
do
Dec.
4,267
4,704
4,771
5,079 day of the month) we bring together all the reads reporting,
Col. A Hook. C. A Ir.Nov.
53,724
44,633
36,918
33,539 as is done to-day.
Apr. 1 to Nov. 30....
Interest Charges and Snrplns.
Lowell Eleo. Lt. Co.Sept
July 1 to 8ept 30---Minneap. Gen. Elec.Sept
1,384
3,933
8,144
974
2,647
8,180
4,335
12,010
10,615
2,447
6,549
12,099
RAILWAYS AND TRACTION COMPANIES.
The follow in g table shows the g ro ss earnings fo r the latest
periodo f all street railw ays from w hioh w e are able to o b
STREET
tain weekly or m onthly returns.
STREET RAILWAYS AST) TRACTION COMPANIES.
GBO88
E a r n in g ?.
Jan. 1 to Latest Dale.
Current Previous
Week, o r Mo Cur’ll t Prev’ut
Tear.
Tear.
Tear.
Tear.
Latest Cross E arn in gs.
8
$
American R’ys. Co. ||. December. 96,158 82,262 1,147,912 904,561
4,094
43,201
4,110
November
Athens Electric Ry..
35,875
A nr. Elgin AGhlc. Ry September 21.451
Binghamton KR__ November 15,975 15.107 192 840 185'.i05
Br’klyn Rap.Tr. Co. Deoember. 1,078,192 1,038,158 13,089,146 12,481,685
5,611
5,053
66,641
Borlingt’n (Vt.) Trao December.
5a,447
Charleston Cone. Ry
Gas A E lec........... December. 45,872 *60,091
Chicago A MU. Elec. Deoember. 12,859 11,719 190,110 171,171
Oin. Dayton A Tol. Tr December. 36.452 31,117
Cln. Newp. & Coving
Light & Traction t November 99,151 68,131 1,003,407 749,403
Citizens Ry. & Light
6,531
7,976
80,646
(Muscatine, Iowa) November
65,780
8,589 3,581
42,403
City Elec. (Rome.Ga. December.
41,248
Cleveland Eleotrlo . Deoember. 217,594 196,624 2,503 656 2,275,489
Cleve. Ely * West.. December 24,710 19,406 300 845 249.259
Oleve. Palnsv. A E.. Deoember. 12,473 11,920 189,187 164,971
7,083
7,903 130,035 121,581
Dart. A W’port St,Rv Deoember.
Detroit United Ry.n 2d wk Jan. 63,688 61,226 132,579 124,867
Detroit Ypslla’tl Ann
Arb. A Jackson Ry. November 29.452
Duluth-Snp. Tract... December. 48,769 40.541 537,376 453,100
East. Ohio Traction. November 16.94C 12,951
Elgin Aurora A Sou December. 34 999 30,199 410.431 361,664
Galveston City...... November. 15 521 10,010 160,036 112,892
Harrisburg Tractlor November 37.277 31,366 419,850 356,511
Houston Eleo. 8t. Ry. September 32,282 27,537
9.642
Indlanap.A East. Ry. December.
101,994
Intern’l Ry. (Buffalo, November 288.366 *283,934 3,134,88b ‘ 2,502,333
Jacksonville Eleo.Co. November 19,541
Lake Shore Elec. Ry. November 42,540 27,778 416,390 329,376
9,552 10.721
Lehigh Traction...... December.
98,271 128,949
Lexington Ry........... November 20,899 16,450
London St. Ry.(Can. November 12,355 12.084 139,661 128,897
Los Angeles Railway September 126,532
1,051,630 793,580
7,217 "5,505
Mad. (Wls.) Traotion December.
79,454
Met. West Side Elev.. Deoember 179,307 156,193 1,932,686 1,678,706
MU. Eleo. Ry.ALl.Co Deoember 260,189 229 365 2,737,320 2,417,434
MU. LI. Heat A Tr. Co Deoember 29,940 26,857 354,762 325,231
Montreal street Ry Deoember. 177.367 158,196 2,098,685 1,924,318
Musk. Tr. A Light. Co.
5,949 5,250 r79,199 r65,276
Street Ry. Depart.. November
2,525 r20,920 rl8,823
Eleotrlo Light Dep November
2,796
4,832
3,548 r27,562 r22,551
Gas Department... November
NashvUle Ry............ August__ 73,070 61,932 549,291 483,848
3,904
New London St. Ry. November
3,865
64,465
66,992
Northern Ohio Tract December. 64,155 53,484 745 043 617,010
Northwestern Elev.. December. 110,991 98,230 1,167,639 1,016,355
Oakland Trans. Cone December. 85,982 74,345 944.597
Olean St. Railway.. September
40,124
43,927
Orange Co. Traction November
7,314
8,172
95,134
94,533
Paoiflo Eleotrlo ___ October... 61,342
9,02?
Peeks. L’t’gARR. Co. Ootober...
PhUadelphla Co.j__ Deoember. 1,375,133 1,206,282 13,795,054 12,189,124
Pottsv. Union Traot December.
161,64e 173,210
Pueblo A Suburban
Traot. A Llght’g Co. November 37,634 23,733
Rys Co.Gen.- Roads Deoember. 20 990 17,371 273,434 218.786
Light Co’s............. December.
2,158 2,176
20,836
22,179
Rochester Railway.. November 91,179 85,926 1,004,583 924,007
Sacramento Eleotru
Gas A Rv............. November 45.424 36,092 442,129 380,302
St. Louis Transit... December 560.551 464,807 6,438,788 5,777,601
Savannah Eleot. Co. September 42,882 38,402
Seattle Electric Co... September 163,685 127,425
Bloux City Traction. August__ 22,512 20.944 160,225 138,407
South Side Elevated December. 137,195 123,594 1,433,751 1,316 507
8 pringfleld (tU.) Con Deoember. 18,746 15,533 196,609 170,772
Syracuse Rap.Tr.Ry November 60,428 68,625
Terre Haute Eleo.Co September 32,716 32,156
Tol. Bowl.Gr. A So.Tr November 22,026 15,731 224,201 162.192
Toledo Rys. A Light. Deoember. 139,608 126,378 1,459,091 1,311,084
Toronto Railway... Wk.Jan.17 35.424 30,708
88,752
77.020
, Twin City Rap. Tran 2d wk Jan. 68,522 60,911 189,289 124,243
Union (N. Bedford). Deoember 27.947 23.851 336,304 278.653
Union Trao. of Ind.. December. 82,935 70,137 948,388 742.654
United RR’s of San
Francisco.............. November 489,199 439,997 ♦3.918.760
United Trao.-(Alb.) December 136.910
1,541,58b 1,378,083
Va. Pass. A Power Co November 122,396
Youngstown-Sharon
Ry. ALt. Co.......... Deoember. 47.857
444,985
•These Hgures are for the corresponding period of 1900, as the tig
ures for 1901 were unusually heavy, owing to the Pan-Amerloan Ex
position at Buffalo.
t Beginning with August results for 1902 are for Cincinnati Newport
A Covington Light A Traotion Co. Figures for year to date seem also
to have been revised at same time.
t Results now lnolude the Pittsburg Railway Co., operating the Con
solidated Traotion and aU the other oontroUed properties In Pittsburg,
d These are results for properties ownen
♦These tK-ures are. from March 20th to November 30tU.
uThese earnings lnolude the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstbnrg Ry.
r These figures are from Mar. I to Nov. SO.
s Figures for 1901 were unusually large owing to the South Carolina
Inter State Exposition at Charleston.
,— G ross E a r n in g s .— .------X el E a r n in g s .--------.
C u rren t
C u rren t
P r e v io u s
P r e v io u s
T ear.
Tear.
T ea r.
T ear.
Roads.
$
$
$
$
4,110
2,577
2,822
Athens Elec. Ry__ Nov.
4,094
43,201
35,875
26,553
Jan. 1 to Nov. 30__
22,039
American Light A Traotion Co.—See statement on page 206
tilnvbamton Ry..b.Nov.
15,975
15,107
6,840
6,803
33,082
13,254
Oct. 1 to Nov. 30__
31,991
14,394
Brooklyn Rap. Tr.a. Deo. 1,070,192 1,038,158
420,296
351,536
July 1 to Dec. 31__ 6,836,369 6,513.239 3,051,194 2,429,510
Charleston Consol. Rail45,872
way Gas A Eleo..Dec.
*80,091
*30,134
16,508
12,859
11,719
Ohio. & MUw. Eleo Dec.
6,280
5,939
190,110
Jan. 1 to Deo. 31__
171,171
110,748
97,156
Cincinnati Dayton A Toledo Traction a...Deo.
36,452
13,191
31,117
15,075
June 1 to Dec. 31 ...
302,668
146,717
*Cin. Newp. A Cov. Light
A Traction....... a Nov.
99,151
68,131
45,959
27,844
Jan. 1 to Nov. 30__ 1,003,407
749,403
446,913
306,314
Citizens’ Ry. A Light—
8,833
6,125
(Muscatine. Ia.)..Sept.
2,438
1,446
Jan. 1 to Sept. 30....
63,164
52,315
22,129
3,589
01tyElec(Rome,Ga)Dec.
579
3,581
681
Jan. 1 to Dec. 3 1....
42,403
41,248
4,778
5,654
24,710
19,403
Olev. Elyria A West Dee.
8.462
8,309
249,259
Jan. 1 to Deo. 3 1 ....
300,845
129.771
112,394
Olev.Palnesv.A E,..Dec.
12,473
11,920
5,238
4,038
Jan. 1 to Deo. 3 1 ....
189,187
164,971
77,869
83,518
Detroit A Port Huron
Shore Line a ...... Deo.
31,953
10,217
Jan. 1 to Dec. 31....
422,069
169,068
125,092
Detroit United.a...Dec.
301,305
271,441
118,037
Jan. 1 to Deo. 81.... 3,473,140 3,039,172 1,505,603 1,354,720
DetroitUnlted Ry. (all properties) n
Jan. 1 to Dec. 31__ 3,961,402
1,700,616
Det. Ypsllantl Ann Arbor
29,446
A Jackson Rv..a. Oct
12,191
May 1 to Oct. 31__
173,165
72,047
Duluth-Sup. Trao..Deo.
48,769
40,541
20,071
15,499
Jan. 1 to Dec. 3 1 ....
537,376
453,100
249,271
201,785
Eastern Ohio Traot.Nov.
16,940
12,951
6,970
2,303
Elgin Aurora A8 o.aDec.
34,999
80,199
12,585
11,620
June 1 to Dec. 31__
257,849
220,630
109,573
105,889
Jan. 1 to Dec. 31....
361,664
410,431
166,779
155,653
Galveston City Ry..Nov.
15,521
10,010
2,134
5,493
Jan. 1 to Nov. 30__
160,036
112,892
50,884
32,746
Harrlsb’g Traot’n..Nov.
37,277
31,366
14,264
8,970
Jan. 1 to Nov. 3 0 ....
419.850
356,511
180,791
137,788
Houston Elect. Co..Sept
32,282
14,478
27,537
12,707
Ind’p’lis A East. Ry.Dec.
9,642
4.208
Jan. 1 to Deo. 31__
46,130
101,994
71,192
June 1 to Deo. 31__
33.216
Intern’ l Ry. (Buff.).Nov.
288,366 1233,934
127,672 1110,669
July 1 to Nov. 30__ 1,583,875 U,229,282
754,179 1642,152
Ithaca Street Ry.—
17,546
Oct 1 to Dec. 31....
17,166
3,260 def.6,115
Jan. 1 to Deo. 31....
79,976
78,898
28 def. 12,043
Jacksonv. Eleo. Co.Nov.
19,541
7,000
May 1 to Nov. JO__
122,954
39,874
Kingston Consolld’d—
Oct 1 to Dec. 31__
24,929
10.023
111,959
Jan. 1 to Dec. 31__
47,477
Lake Shore El.Ry.aNov.
42,540
27,778
7,714
11,558
Jan. 1 to Nov. 3 0 ....
416,390
329,376
140,697
111,858
Lehigh Traotion__ Dec.
9,552
10,721
4,337
5,898
Jan. 1 to Dec. 31__
98,271
128,949
70,122
34,246
Lexington Ry. b...N ov.
16,450
20,899
7,264
4,791
May 1 to Nov. 30__
184,194
172,832
70,716
84,038
Lond.8 t.Ry.(Can.)aNov.
12,355
12,084
5.147
6.082
Jan. 1 to Nov. 30__
50,621
139,661
128,897
54,233
126,532
52,775
Los Angeles Ry__ Sept
Jan. 1 to Sept 3o__ 1,051,630
793,580
466,525
314,648
Madison Traction..Deo.
7,217
1,494
5,505
856
79,454
Jan. 1 to Dec. 31__
20,966
Milwaukee Elec. Ry. A
Light Co..b ....... Dec.
260,189
141,442
123,705
229,365
Jan. 1 to Dec. 3 i __ 2,737,320 2,417,434 1,451,285 1,231,900
Mllwankee Light, Heat A
Traotion Co. b ...Deo.
29,940
26.857
12.137
9,114
Jan. 1 to Dec. 8 1 ....
354,762
325,231
153,346
128,791
63.450
Montreal St. Ry....Deo.
177,367
158,196
52,589
191,862
Oct 1 to Deo. 31__
531,645
479,169
217,681
342
New London St. Ry.Nov.
3,904
3,865
587
17,993
July 1 to Nov. 30....
38,852
38,978
15,243
New York A Queens Co.b40,211
134,744
41,272
Oet 1 to Deo. 31__
113,716
138,823
144,712
July 1 to Dec. 31__
327,443
284,123
22,516
28,505
North. OhloTrao.a.Deo.
64,155
53.484
266,166
617,010
334,251
745,043
Jan. 1 to Deo. 31....
30,818
36,332
Oakl’d Trans. Cons.Nov.
80,943
71,324
353,849
Jan. 1 to Nov. 30....
858,615
2,939
2,465
8,172
Orange Co. Trao__ Nov.
7,314
23,986
26,483
52,750
July 1 to Nov. 30__
52.822
27,315
61,342
Paoifio Eleo.Ry.b..Oct
19,210
Sept
60,278
Peeksklll Lt. A RR.—
9,921
8,948
4,709
16,907
Oct 1 to Dec. 31__
Pueblo A Suburban Trao23,783
13,286
8,143
tion A Llght’g Co.Nov.
37,634
85.925
47,306
40,962
91,179
Rochester Ry.........Nov.
924,007
334,641
480,573
Jan. 1 to Nov. 3 0 .... 1,004,583
206
TH E
— G ross E a r n in g s .— C u r re n t
P r ev io u s
Tear.
T ear.
C H R O N IC L E
[VOL. LXXVI,
,—
In t., R en ta ls , etc.— . s—Bul. o f N et E a r n ’as
C u rren t
P r e v io u s
C u rren t
P rev io u s
T ear.
T ea r.
T ear.
Tear.
-Net E a r n in g s .C u r re n t
P r ev io u s
T ear.
T ear.
E oad s.
$
$
$
7,413
3,335
5,331
Wichita Valley.a__ Aug.
18,966
45,970
Jan. 1 to Aug. 31__
39,617
10,697
5,716
13,886
W’msp’rtA No.Br.aNov.
34,315
64.498
July 1 to Nov. 30....
81,627
205,000
549,262
482,303
Wisconsin Central bNov.
July 1 to Nov. 30— 2,926,596 2,609,226 1,161,351
15,049
16.734
2,707
Wrightsv.A Tenn.bNov.
32,161
60,539
77,627
July 1 to Nov. 30---775,493
343,062
Yazoo &Mies.Vftl.a.Nov.
786,291
709,085
July 1 to Nov. 30.... 3,059,689 2,746,005
$
5,026
24,650
5,549
27.701
160,925
980,655
6,834
22,588
356,111
818,988
m Netearnlngs hereglven are after deducting taxes,
b Net earnings here given are before deducting taxes.
c These figures are in Mexican currency, and are convertible into
gold at the current rate of exchange.
d Net. after deducting taxes, is $121,264 and $149,839 for 1902
and 1901 respectively lor the month, and $584,449 and $565,602 from
July 1.
e Results on Monterey & Mexican Gulf lnoluded from March 1,1902.
f Thirty per cent of gross earnings.
g Includes Missouri Paolflc & Iron Mount’n and also Cent’l Branoh.
i These figures Inolude Houston & Texas Central and its subsidiary
lines and also Steamship Lines.
1 These figures include results on the Buffalo & Allegheny Valley
Division in both years.
It These figures Include In both years results on Kansas City Fort
Scott & Memphis RR. and Fort Worth & Rio Grande RR.
m Includes other Income amounting for November to $90,970 and
from July 1 to Nov. 30 to $5s2,557.
n Includes Paduoah & Memphis Division from July 1 in both years.
Expenses for Nov. Include $121,166 paid for additions to property,
and $292,918 for period from July 1,1902.
p Inoludes results on former Southern Paolflc of Arizona, Southern
Paoiflc of California and Southern Paelflo of New Mexico.
q Including remittances from connecting roads, total net inoome for
five months Is $395,720, in 1902, against $315,976 last year.
r For November additional income is $7,459 this year against def.
$48, last year. From July 1 to November 30 additional Inoome is
$21,942 against def. $11,483 last year.
s Taxes were $17,833 more this December than last,
t After adding $15,709 other income for November, 1902, and $2,795
for November, 1901, total ;net inoome amounts to $61,466 and
$41,448, respectively. From July 1 other inoome amounts to $41,3 i l
and $14,229, making total net income $239,464 and $184,182, respec
tively.
u Including earnings of Savannah Florida & Western in both years,
t For November, 1902, taxes and rentals amounted to $184,567,
against $161.759, after deducting which net for November, 1902, was
$2,331,247, against $2,327,469. From July 1 to Nov. 30, 1902, taxes
and rentals amounted to $930,972. against $342,797, after deducting
which net was $9,662,356, against $10,313,448.
J Kansas City Sub. Belt lnoluded from January 1,1902.
H Inoludes Rio Grande Western for both years.
R oad s.
$
$
$
$
Pere Marquette__ Nov.
134,446
126,930
70,284
13,516
Jan. 1 to Nov. 30__ 1,479,370 1,352,604
845,331
644,967
Pine Blufl Ark.R...Nov.
916
486
905
3,903
July 1 to Nov. 30....
2,848
2,416
2,255
4,111
Beading—
All companies__ Nov.
901,000
879,082
805.543
580,496
July l t o Nov. 30.... 4,445,000 4,395,410 df.110497b 2,178,201
Rio Grande Junct...Oct.
7,708
7,708
10,108
10,730
Deo. 1 to Oct 31__
84,790
84,790
73,518
71,886
Rio Grande South..Nov.
19,033
18,033
11,070
4,975
July 1 to Nov. 30__
96,838
91,143
47,111
22,129
St. Tos. <feGr. Isl’d-.Nov.
11,667
8,750
28,489
28,630
July 1 to Nov. 30 ...
58,335
43,750
95,429
183,823
St. L. <fc San Fran...Nov.
536,962
485,185 *140,302 *458,919
July 1 to Nov. 30__ 2,679,385 2,135,112 *1,326,958 ♦2,157,462
San Ant. & Ar. P .. .Nov.
1166,969
112
July l t o Nov. 3 0 .... 11335,233
51,284
San Fran &No.Pao.Dec.
22,675
22,771 def.12,239 def.27.035
July 1 to Deo. 31__
135,450
136,620
109,929
93,127
Southern Pao. Co...Nov. {) 3,085,623
df.709,618
July 1 to Nov. 30__ I)15416470
df.2243328
Tift.Thomasv. & G Nov.
3,849
3,771
1,999
def.91
July 1 to Nov. 30__
19,085
18,854
13,196
2,107
Toledo & Ohio C!en..Nov.
38,666
39,854
*12,671
*def.9
July 1 to Nov. 3 0 ....
194,167
199,430
*80,685 *115,823
lo l Peo. & West...Dec.
23,051
22,538
8,262 def.5,313
July 1 to Deo. 31__
135,227
138,304
20,765
22,168
Jan. 1 to Deo. 31....
268,747
278,982
853
1,883
Wlohita Valley...... Aug.
3,204
1922
131
3,104
Jan. 1 to Aug. 31__
17,943
15,379
1,023
9,271
W’msport & No. Br.Nov.
2,404
2,291
3,312
3,258
July 1 to Nov. 30__
12,122
11,459
22,693
16,242
Wisconsin Cent...... Nov.
146,114
140,014
*62.113
♦23,170
July 1 to Nov. 30....
731,358
700,958 *447,589 *290,323
•After allowing for other Inoome reoeived.
t These figures are after allowing for other Income and for dlsoount
and exchange. After deducting $10,000 for Renewal Fund In
November, 1902. and $10,000 In November, 1901, the surplus for the
month Is $186,939, against $230,268 a year ago. Similarly, after
deducting $50,000, the surplus from July 1,1902, to date is $1,592,093, against $1,473,433 a year ago.
t Inoludes Rio Grande Western for both years.
§ These figures Inolude $1,789,893 appropriated for betterments and
additions to properties and equipment in Nov., 1902, and $8,727,910
from July 1 to Nov. 30.
BInterest on advances by Southern Pacific not taken into acoount,
but figures Include $3,969 appropriated for betterments and addi
tions to properties and equipment in Nov., 1902, and $20,233 from
July 1 to date.
H These figures include $501 appropriated for betterments and
additions to properties and equipment In Nov., 1902, and $2,948
from July 1 to date.
L e h ig h V a l l e y R a il r o a d C o m p a n t .
.------ December.-------, ,— July 1 to Dec. 31.— .
Interest Charges and Surplus*—The following roads, In
1902.
1901.
1902.
1901.
$
$
$
$
addition to their gross and net earnings given in the fore*
Earnings and Income...2,473,000 1,839,410 11,224,889 13,884,217
going, also report charges for interest, &o., with the surplie Operating expenses__ 1,695,300 1,541,079 9,414,115 9.472,787
above or deficit below those charges,
777,700
298,331 1,810,774 4,411,430
R oad s.
Atlantic & Birm’ gh.Dec.
July 1 to Dec. 31__
Bellefonte Central.Deo.
®yfiJan. l t o Deo. 30....
Boston Rev. B. & Lynn—
Oct. 1 to Dec. 31__
Ohio. Burl.* Quincy Aug.
July l t o Aug. 3 i ....
Ohio. & E. Illinois..Nov.
July 1 to Nov. 30__
Olev. Cln.Ch. & 8t. L.Dec.
July 1 to Deo. S i....
Peoria &East__ Nov.
July 1 to Nov. 30....
Copper Range....... Nov.
July 1 to Nov. 30....
Den. & R. Grande.i.Nov.
July 1 to Nov. 3 0 ....
Dul. So. Sh. & Atl...Nov.
July 1 to Nov. 30....
Gila Val.Globe & N.Nov.
July 1 to Nov. 30__
Gulf & Ship Isl...... Nov.
July l to Nov. 30....
Hooking Valley...... Nov.
July 1 to Nov. 30....
Indiana 111. & la __ Nov.
July l t o Nov. 30....
Kanawha & Mich...Nov.
July l t o Nov. 30....
Manistee & No. E...Nov.
Jam 1 to Nov. 80....
Maryland & Perm..Nov.
Mar. 1 to Nov. 30__
Mineral Range.......Nov.
July 1 to Nov. 3o__
Mo. Kan. & Texas..Nov.
July 1 to Nov. 30 —
Nashv. Chat.&8t.L.Nov.
July 1 to Nov. 30__
Nev.-Cal.-Oregon.. .Nov.
July 1 to Nov. 30....
Norfolk A West’n....Nov.
July 1 to Nov. 80....
North Shore (Cal.)..Nov.
Apr. l t o Nov. 30....
.— In t., R e n ta ls , etc.— . >—B a l. o f N et E a m ' g s ,
C u r re n t
P r e v io u s
C u r re n t
P r e v io u s
T ea r.
T ea r.
T ear.
T ear.
$
2,883
14,875
550
6,600
15,052
813,000
1,626,000
139,743
683,628
250,211
1,429,111
33,688
168,441
5,875
29,399
336,507
1,617,135
88,641
407,708
118,810
IT34,490
14,997
70,505
82.602
378,717
17,833
89,166
17,426
72,107
6.051
66,557
2,875
25,873
15.947
48,733
311,255
1,557,291
150,387
753,535
1,875
9,375
212,940
1,060,033
12,163
88,167
$
2,083
12,500
551
6,612
$
6,822
35,012
1,297
16,236
$
3,908
12 ,0 t 0
1,808
11,433
12,898 *def.3,994 *def.3,711
808,524 1,422,433 1,333,196
1,617,048 2,409,282 2,243,724
133,089 *174,148 *117,654
656,318 *841,888 *604,460
242,583
197,566
190,668
1,406,119 1,109,317 1,457,694
28,680
33,688
25,281
168,441
113,566
109,709
4,250
3,666
5,681
22,490
54,458
6,443
310,873 *tl96.939 *t240,268
1,531,581 *11642,093 '1tl523,433
78.641 def.40,776 def.18,421
393,208
69,137
50,978
8,623
40,400
49,210
11,829
22,497
89,438
194,369
62,224
78,588
*84.964 *124,620
365,356 *630,388 *628,689
17,048
23,225
22,732
84,959
99,210
131,889
11,429 *def.l,402
*8,653
55,748 *df.63,158
*48,461
6,092
3,449
1,924
67,011
88,404
73,734
2,875
3,030
2,990
41,614
11,280
*1,005 ‘ def.6,606
42,897
*2,800
*12,157
280,481
218,016
275,366
1,500,654 1,080,511 1,010,736
152,510
40,936
66,763
762,549
407,101
284,758
6,211
2,210
2,867
11,170
38,753
22,681
192,041
354,412
398,339
960,567 2,323,054 2,183,903
7,954 def.3,423 def.4,224
67,531
86,563
24,528
Less adds. & improv’ts. 119,000
97,000
704,000
Net.......................... 658,700
201,331
Water lines ..................
6,000 def.39,301
Lehigh Valley Coal Co.. 376,000
197
Total n e t ............ ..1,040,700
Charges and taxes.... 532,948
Balanoe
162,217
530,814
799,000
1,106,774 3,612,430
51,750
def.5,501
16,155 def. 172,772
1.174,679
3,303,448
3,434,157
3,278,547
507,752 df.368,597 df.2,128,769
155,610
Miscellaneous Companies,
,—
Companies.
G r o s s E a r n i n g s .— .
C u rren t
P r ev io u s
1ea r.
T ear.
$
$
----- Net E a r n i n g s . ------,
C u rren t
Previous
T ea r.
T ea r.
$
$
Am er. L igh t & T ra c.N o v .............................................
1108,721
t90,685
Ju ly 1 to N ov. 3 0 ..................................................
1440,678
t300,141
Buffalo G as C o ....... D eo..............................................
49,798
42,126
O c t 1 to Dec. 3 1 ..................................................
121,821
108,145
C alifornia C entral G a a &
E le ctric C o ...........N ov.
41,011
.............
12,721
.............
do
do
Deo.
41,513
29,506
13,569
7,346
Col. & H ook. C. A I ..N o v .
d l2 ,7 3 9
d 14,204
8,971
10,850
Apr. 1 to N ov. 3 0 . . . . d i 2 l ,8 7 3 ,d l0 0 ,5 4 0
98,357
70,457
Gas
E le c tr ic Co. o f
B ergen C o u n ty ..N o v .
28,511
24,558
14,091
9,813
June 1 to N ov. 3 0 - . . .
158,154
141,038
71,496
62,502
J a ck so n G as-L . C o .D e c ..............................................
9,868
4.408
Mar. 1 to D ec. 3 1 .................................................
44,176
29,380
L aolede G a s L ’ t Co D ec..............................................
132,492
120,178
Jan. 1 to D ec. 3 1 .................................................. 1,153,573 1,054,870
L o w e ll E le c. L t. C o .S e p t
17,281
13,832
5,719
3,421
Ju ly 1 to S e p t 3 0 . . . .
48,745
40,133
15,943
9,196
M ex ica n T e l’phone.N ov.
21,060
18.432
9,872
7,357
Mar. 1 to N ov. 3 0 . . . .
182,176
159,139
83,497
70,756
M ilwauk. G a s L. C o.D eo..............................................
75,905
62,917
Jan. 1 to D ec. 3 1 .................................................
681,743
564,848
M lnneap Gen. E le o .S e p t
41,625
35,998
18,760
20,280
-n o lfic C oa st C o. a S e p t
5 00,090
519,911
109,486
111,912
July 1 to S e p t 3 0 .. .. 1,552,078 1,375,321
317,277
307,255
P hiladelph ia C o .—See statem en t on p age 208.
tThe month’s proportion of the dividend on preferred stock was
$42,864 against $36,689 last year, leaving a surplus for November,1902
of $65,857 against $ 33,996 last year. For the 5 months the call for the
dividend was $214,320 in 1902, against $183,445 In 1901. leaving a
surplus for these 5 months of $226,358 In 1902, and $116,695 in 1901,
d Net receipts from ooal sales, eto., before deducting general ex
penses.
THE
J a n u ar y 24, 1903 ]
Interest Charges and Surplus.
/— Tut., Rentals, etc.— . r-Ral. o f Net Earn’gs.—,
Companies.
Current
Year.
Previous
Year.
$
$
California Central Gas A
Eleotrlo Co......... Nov.
do
do
Dec.
Col. A Hook. 0. A Tr.Nov.
Apr. 1 to Nov. 3 0 ....
Lowell Eleo. Lt. Co.Sept
July 1 to Sept. 30---Minneap. Gen. Elec.Sept
STREET RAILWAYS
5,833
5,833
4,704
44,633
1,384
3,933
8,144
Current
Year.
Previous
Year.
$
$
6,888
5,833
4,771
36,918
974
2,647
8,180
7,736
4,267
53,724
4,335
12,010
10,615
1,513
5,079
33,539
2,447
6,549
12,099
AND TRACTION COMPANIES.
f o llo w in g t a b le s h o w s t h e gross e a r n in g s f o r the latest
p e rio d o f a l l s t r e e t r a i l w a y s f r o m w h io h w e a r e a b le t o o b
t a in w e e k ly o r m o n t h ly r e tu r n s .
The
S T R E E T R A I L W A Y S A N D T R A C T IO N C O M P A N IE S .
G ross
E a r n in g s .
207
C H R O N IC L E
Latest Gross Earnings.
Jan. 1 to Latest Dale.
nt Fretfui Current Previous
Week or Ho Our’
Year.
Year.
Year.
Year.
S
$
Amerloan R’ys. Co. II. December. 96,158 82,262 1,147,912 904,561
43,201
4,094
4,110
Athene Electric Ry.. November
35,875
Aar. Elgin A Ohio. Ry September 21.451
Binghamton KK__ November 15,973 'ih'.Vvi 192 8*4*6 18 5. i 0*5
Br’klyn Rap.Tr. Co. December. 1,078,192 1,038,158 13,089,146 12,481,685
3,611 5,053
68.64J
Barlingt’n (Vt.) Trac December.
59,447
Charleston Cons. Ry
Gas A E leo........... December. 45,872 860,091
Chicago A Mil. Eleo. Deoember. 12,859 11,719 190,110 171,171
Oln. Dayton A Tol. Tr December. 36.452 31,117
Cln.Newp. & Coving
Light A Traction t November 99,151 68,131 1,003,407 749,403
Citizens Ry. A Light
7,976 6,531
80,646
65,780
(Muscatine, Iowa) November
3,589
42,403
3,581
City Eleo. (Rome.Ga. Deoember.
41,248
Cleveland Eleotrlo . December. 217,594 196,624 2,503 656 2,275,489
Cleve. Ely * West.. December 24,710 19,406 300 845 249.259
Oleve. Palnsv. A E.. December. 12,473 11,920 189,187 164,971
7,083
Dart. A W’port St,.Rv Deoember.
7,903 130,035 121,581
Detroit United Ry.n 2d wk Jan. 63,688 61,226 132,579 124,867
Detroit Ypslla’tl Ann
Arb. & Jackson Ry. November 29.452
Dulnth-Bup Tract... December. 48,769 40,541 537,376 453,100
East. Ohio Traction., November 16.940 12,951
Elgin Aurora & Son December. 34 999 30,199 410.431 361,664
Galveston City...... November. 15 521 10,010 160,036 112,892
Harrisburg Traottor November 37,277 31,366 419,850 356,511
Houston Eleo. St. Ry. September 32,282 27,537
•••*
9,642
ioi',994
Indlanap.A East. Ry. December.
Intern’l Ry. (Buffalo) November 288.366 *233,934 3,134,881 *2,502,333
Jacksonville Eleo.Co. November 19,541
Lake Shore Elec. Ry. November 42,540 27,778 416,390 329,376
9,552 10.721
Lehigh Traction...... December.
98,271 128,949
Lexington Ry........... November 20,899 16,450
London St. Ry.(Can. November 12,355 12,084 139,661 128,897
1,051,630 793,580
Los Angeles Railway September 126,532
7,217 ’ *5,505
79,454
Mad. (Wls.) Traotion Deoember.
Met. West Side Elev.. December 179,307 156,193 1,932,686 1,678,706
MU. Eleo. Ry.A LI. Co. Deoember 260,189 229 365 2,737,320 2,417,434
MU. LI. Heat A Tr. Co Deoember 29.940 26,857 354,762 325,231
Montreal Street Ry December. 177.367 158,196 2,098,685 1,924,318
Musk. Tr. A Light. Co.
5,949 5,250 r79,199 r65,276
Street Ry. Depart.. November
Eleotrlo Light Dep November
2,796
2,525 r20,920 rl8,823
4,832
3,548 r27,562 r22,551
Gas Department... November
Nashville Ry............ August__ 73,070 61,932 549,291 483,848
3,904
New London St. Ry. November
66,992
64,465
3,865
Northern Ohio Tract December. 64.155 53,484 745 043 617,010
Northwestern Elev.. December. 110,991 98,230 1,167,639 1,016,355
Oakland Trans. Cons December. 85,982 74,345 944,597
Olean St. Railway.. September
43,927
40,124
7,314
Orange Co. Traction November
95,134
94,533
8,172
Paolflc Eleotrlo ___ Ootober... 61,342
9.02?
Peeks. L’t’g A RR. Co. October...
Philadelphia Co.j__ December. 1,375,133 1,206,282 13,795,054 12,189 114
Pottsv. Union Tract December.
161,64c 173,210
Pueblo A Suburban
Tract. A Llght’g Co. November 37,634 23,733
Rys Co.Gen.- Roads. December. 20 990 17,371 273,434 218,786
Light Go’s............. December. 2,158 2,176
22,179
20,836
Rochester Railway.. November 91,179 85,925 1,004,583 924,007
Sacramento Eleotrn
Gas A Ry.............. November 45.424 36,092 442,129 380,302
St. Louis Transit__ December 550,551 464,807 6,438,788 5,777,601
Savannah Elect. Co. September 42,882 38,402
Seattle Eleotrlo Co... September 163,686 127,425
Sioux City Traotion. August__ 22,512 20,944 160,225 138,407
South Side Elevated December. 137,196 123,594 1,433,751 1,316 507
Springfield (til.) Con Deoember. 18,746 15,533 196,609 170,772
Syracuse Rap.Tr.Ry November 60,428 58,625
Terre Haute Eleo.Co September 32,716 32,156
Tol. Bowl.Gr. A 8o.Tr November 22,026 15,731 224,2*0*1 102.192
Toledo Rys. A Light. December. 139,608 126,378 1,459,091 1,311,084
Toronto Railway... Wk.Jan.17 35.424 30,708
88,752
77.020
, Twin City Rap. Tran 2d wk Jan. 68,522 60,911 139,289 124,243
Union (N. Bedford!. Deoember. 27.947 23.851 336,304 278,653
Union Trao. of Ind.. Deoember. 82,935 70,137 949,388 742,654
United RR’s of San
Francisco.............. November 489,199 439,997 $3,918,760
United Trao.-(Alb.) Deoember 136.910
1,541,58b 1,378,083
Va. Pass. & Power Co November 122,396
Youngstown-Sharon
Ry. & Lt. Co.......... Deoember. 47.857
444.985
•These figures are for the corresponding period of 1900, as the fig
ures for 1901 were unusually heavy, owing to the Pan-American Ex
position at Buffalo.
♦Beginning with August results for 1902 are for Cincinnati Newport
A Covington Light A Traotion Co. Figures for year to date seem also
to have been revised at same time.
t Results now lnolude the Pittsburg Railway Co., operating the Con
solidated Traotion and all the other controlled properties in Pittsburg.
II These are results for properties owned
$These figures are from March 20th to November 30tli.
nThese earnings lnolude the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwioh Windsor A Amherstbnrg Ry.
r These figures are from Mar. I to Nov. SO.
8 Figures for 1901 were unusually large owing to the 8 outh Carolina
Inter State Exposition at Charleston.
Street R ailw ay N et EarniH ga.—In the following we show
both the gross and the net earnings to latest dates o f all S t r e e t
railways from which we have been able to procure monthly
returns, As in the case o f the steam roads, the returns o f the
different roads are published by us each week as soon as re
ceived, and once a month (on the third or the fourth Satur
day of the month) we bring together all the reads reporting,
as is done to-day.
,— Gross Earnings.— .-----.Vel Earnings.----- ,
Current
Year.
Previo us
Year.
C« rrent
Year.
Previous
Year.
Roads.
$
$
$
$
Athens Elec. Ry__ Nov.
4,110
4,094
2,577
2,822
Jan. 1 to Nov. 3 0 ....
43.201
35,875
26,553
22,039
American Light & Traotion Co.—See statement on page 2061.
ainifhamton Ry..b.Nov.
15,975
15,107
6,840
6,803
Oct 1 to Nov. 30__
33,082
13,254
14,394
31,991
Brooklyn Rap. Tr.a.Dec. 1,070,192 1,038,158
420,206
351,536
July 1 to Deo. 31__ 6,836,369 6,513,239 3,051,194 2,429,510
Charleston Consol. Rail45,872
way Gas A Eleo..Dec.
*80,091
*30,134
10,508
12,859
Ohio. & Mllw. Elec Dec.
6,280
11,719
5,939
190,110
Jan. 1 to Deo. 31__
171,171
110,746
97,156
Cincinnati Dayton A Toledo Traction a...Deo.
36,452
31,117
15,075
13,191
June 1 to Dec. 31 __
302,668
146,717
*Oin. Newp. A Cov. Lleht
99,151
A Traotion....... a Nov.
68,131
45,959
27,814
Jan. 1 to Nov. 30__ 1,003,407
749,403
446,913
306,314
Citizens’ Ry. A Light—
8,833
6,126
(Musoatliie. Ia.)..Sept
1,446
2,438
63,164
Jan. 1 to Sept 30__
52,815
22,129
3,589
01tyElec(Roroe,Ga)Dec.
3,581
579
681
Jan. 1 to Dec. S i....
42,403
41,248
4,778
5,654
24,710
19,403
8.462
8,309
Olev. Elyria A West Dec.
249,259
Jan. 1 to Deo. 3 1 ....
300,845
129,771
112,394
Olev.Palnesv.A E...Dec.
12,473
11,920
5,238
4,038
Jan. 1 to Deo. 31__
189,187
164,971
77,869
83,518
Detroit A Port Huron
Shore Line a ...... Deo.
31,953
10,217
Jan. 1 to Dec. 3 1 ....
422,069
169,068
125,092
301,305
271,441
Detroit United.a...Dec.
118.037
Jan. 1 to Deo. 81.... 3,473,140 3,039,172 1,505,603 1,354,720
EetroitUnlted Ry. (all properties) n
Jan. 1 to Deo. 31__ 3,961.402
1,700,616
Det. Ypsllantl Ann Arbor
A Jackson Ry..a. Oct
29,446
12,191
May 1 to Oct 31__
173,165
72,047
Duluth-Sup. Trac..Deo.
48,769
40,541
20,071
15,499
Jan. 1 to Dec. 3 1 ....
537,376
453,100
249,271
201,785
Eastern Ohio Traot.Nov.
16,940
12,951
6,970
2,303
Elgin Aurora A8 o.aDec.
34,999
12,585
11,620
80,199
June 1 to Dec. 31__
257,849
220,630
109,573
105,889
Jan. 1 to Dec. 31__
410,431
361,664
168,779
155,658
Galveston City Ry..Nov.
15,521
2,134
10,010
5,493
Jan. 1 to Nov. 3 0 ....
160,036
112,892
50,884
32,746
Harrlsb’g Tract’n..Nov.
31,366
8,970
37,277
14,264
Jan. 1 to Nov. 30....
419,850
180,791
356,511
137,788
Houston Elect. Co..Sept
32,282
27,537
14,478
12,707
Ind’ p’lis A East. Ry.Dec.
9,642
4,208
Jan. 1 to Dec. 31__
46,130
101,994
71,192
June 1 to Deo. 31__
33.216
Intern’ l Ry. (Buff.).Nov.
288,366 1233,934
127,672 1110,069
July 1 to Nov. 30__ 1,583,875 }1,229,282
754,179 1642,152
Ithaoa Street Ry.—
17,546
Oct 1 to Dec. 31....
17,166
3,260 def.6,115
Jan. 1 to Deo. 31....
79,976
78,893
28 def.12,048
Jacksonv. Eleo. Co.Nov.
19,541
7,000
May 1 to Nov. 30__
122,954
39,874
Kingston Consolld’d—
Oct 1 to Dec. 31__
24,929
10.023
Jan. 1 to Dec. 31__
111,959
47,477
Lake Shore El.Ry.aNov.
42,540
27,778
7,714
11,558
Jan. 1 to Nov. 3 0 ....
416,390
329,376
140,697
111,858
Lehigh Traotion__ Dec.
9,552
10,721
4,337
5,898
Jan. 1 to Dec. 31__
98,271
128,949
34,246
70,122
Lexington Ry. b...Nov.
16,450
4,791
20,899
7,264
May 1 to Nov. 30__
184,194
172,832
70,716
84,038
Lond.8 t.Ry. (Can. )aNov.
12,355
12.084
5.147
6,082
Jan. 1 to Nov. 3 0 ....
50,621
139,661
128,897
54,233
Los Angeles Ry__ Sept
126,532
52,775
793,580
Jan. 1 to Sept 3o__ 1,051,630
466,525
314,648
Madison Traotion..Deo.
7,217
1,494
5,505
886
Jan. 1 to Dec. 31__
79,454
20,966
Milwaukee Eleo. Ry. A
Light Co..b ....... Dec.
260,189
229,365
141,442
123,705
Jan. 1 to Dec. 3 i __ 2,737,320 2,417,434 1,451,285 1,231,900
Milwaukee Light, Heat A
Traotion Co. b ...Deo,
29,910
26,357
12.137
9,114
Jan. 1 to Dec. 8 1 ....
354,762
325,231
153,346
128,791
63,4 50
Montreal 8t. R y__ Deo.
52,589
177,367
158,196
Oct 1 to Dec. 31---531,645
479,169
191,862
217,681
342
New London 8 t. Ry.Nov.
3,904
3,865
587
17,993
July 1 to Nov. 30....
38,852
15,243
38,978
New York A Queens Co.b40,211
134,744
41,272
Oct 1 to Deo. 31__
113,716
138,823
144,712
July 1 to Dec. 31__
327,443
284,123
22,516
64,155
28,505
North. OhioTrao.a.Dec.
53.484
266,166
617,010
745,043
334,251
Jan. 1 to Dec. 31....
30,818
36,332
Oakl’d Trans. Cons.Nov.
80,943
71,324
353,849
Jan. 1 to Nov. 3 0 ....
858,615
2,4 65
3,989
8,172
Orange Co. Trao__ Nov.
7,314
23,986
52,750
26,483
52.822
July 1 to Nov. 30__
27,315
61,342
Pacltio Eleo.Ry.b..Oct
19,210
60,278
Sept
Peeksklll L t A RR.—
9,921
8,948
4,709
16,907
Oct 1 to Deo. 31__
Pueblo A Suburban Trao23,733
13,286
8,143
tion A Ltght’g Co.Nov.
37,634
85.925
47,306
40,962
91,179
Rochester Ry.........Nov.
924,007
480,573
384,641
Jan. 1 to Nov. 3 0 .... 1,004,583
208
THE
G ross E a r n in g s .— .
P r ev io u s
C u rren t
T ear.
T ear.
Hoads.
$
$
[Vol. LXXVI.
C H R O N IC L E
Net E a r n in g s .------ ,
P r ev io u s
C u r re n t
T ear.
T ear
$
P h iladelph ia Company.?
Results now include the Pittsburg Railways Oo., operating the Con
solidated Traction and all the other railroad properties controlled in
Pittsburg.
,------ December.-------. ,— Jan. 1 to Dec. 31.—,
Sacramento Eleotrlc Gas
19,445
23,530
86,092
45,424
& Railway Co_Nov.
1902.
1901.
1902.
1901.
184,657
210,305
403,524
348,196
Feb. 1 to Nov. 30__
$
$
$
$
16,538
20,080
38,402
42,882
Savannah Eleo. Co.Sept
Gross earnings............... 1,375,133 1,206,282 13,795,053 12,189,124
43,795
55,796
127,425
163,685
Seattle Eleotrlc Co.Sept
7,759,029 6,655,849
Operat’g exp’s and taxes. 710,968
1,791
15,533
7,881
18,746
Sprlngft’d (111.) Con.Deo.
559,799 6,036,024 5,533,275
Net earns, from oper’t’n 661,165
170,772
Jan. X to Dec. 31.—. 196,609
18,144 1,607,650
471,821
27,063 Other income.................. 117,579
28,033
60,428
58,625
Syracuse Rap Tr.bNov.
127,714
186,491
302,754
281,626
July 1 to Nov. 3 0 ....
577,943 7,643.674 6,005,096
Tot. earns. Se other lno. 781,744
9,377 Deduot’ns from income*. 120,122
12,773
32,156
32,710
Terre H. Elect. Co..Sept.
36,029 1,166,513
414,575
Toledo Bowling Green
6.477.161
5,560.521
6,948
541.914
Total Income............... 661,622
9.520
22,026
15,781
& South’ n Traot.Nov.
65,887
103,554
162,192
224,201
Jan. 1 to Nov. 30....
166,555 2,714,457 1,990,177
62,747 Interest on funded debt. 220,578
75,719
139,608
126,378
Toledo Bys. & L’ht.aDeo.
99,167 1,306,175 1,189,917
674,677 Dividends on pref. stock. 106,437
732,312
Jan. 1 to Deo. 31---- 1,459,091 1,311,084
154,073
162,300
309,468
268,517
Twin City Rap. Tr...Nov.
327,015
265,722 4,020,632 3,180,094
Jan. 1 to Nov. 30.... 3,280,879 2,879,634 1,802,165 1,578,289
276,192 2.456.529 2,380,427
Net income of oornp’y.. 334.607
United Trao.(Alb’y) b —
101,809
134,813
397,296
364,251
Oet 1 to Deo. 31
243,816 Prop, to oth.than Phil.Co.
5,964
495,866
427"
28,537
269,276
747,228
783,497
July l to Deo. 31
Virginia Passenger &
Phil. Co.’s int. in net lno. 334,180
247,655 2,450,565 1,884,561
65,888
122,396
Power Co........... Nov.
380,140
643,154
July 1 to Nov. 30__
* These deductions lnolude the following items: Rentals of leased
Youngstown-Sharon Ry.
companies, Interest on current liabilities and tenement expenses.
23,129
47,857
<fe Light a ........... Deo.
t Includes Consolidated Gas Co. of Pittsburg, Allegheny 111, Co.,
200,014
444,985
Jan. 1 to Deo. 31__
Allegheny County Light Co., Chartlers Valley Gas Co., Union Gas
Oo. of McKeesport, Equitable Gas Co.. Pittsburg Railways Co.
a Net earlngs here given are after deduotlng taxes,
b Net earnings here given are before deducting taxes,
n These earnings include the Detroit United Ry., Detroit & Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
A N N U A L REPORTS.
g Figures for 1901 were unusually large owing to the South Caro
lina Inter-State Exposition at Charleston.
* Results for 1901 are for Cincinnati Newport & Covington R y .
Annual Reports. —All annual reports of steam railroads,
1 These figures are for the corresponding period of 1900, as the street railways and miscellaneous companies which have been
earnings for 1901 were unusually heayy owing to the Pan-American published during the Last half of 1902 may be found by refer
Exposition at Buffalo.
ence to the general index in the C h r o n i c l e of Dec. 27, the
annual reports being indicated in this index by heavy
in t e r e s t C h a r g e s a n d S u r p lu s .— T h e fo llo w in g S t r e e t
r a i l w a y s , in a d d it io n to t h e i r g ro s s and n e t e a r n in g s g i v e n I d faced type.
t h e fo r e g o in g , a ls o r e p o r t c h a r g e s f o r in t e r e s t , & c , , w i t h t h e
s u r p lu s o r d e f ic it a b o v e o r b e lo w t h o s e c h a r g e s .
,— h it.. R en ta ls, etc.— - ^ - B a l .o f N et E a r n ’g s.—.
C u r re n t
P r e v io u s
C u rren t
P r ev io u s
T ear.
T ea r.
T ear.
T ear.
Roads.
$
Charleston Consol. Rail
way Gas <fc Elec..Dec.
12,605
Cincinnati Dayton & To
ledo Traction...... Dec.
15,952
June 1 to Deo. 3 f__
113,860
Oln. Newp. & Cov. Light
& Traction....... Nov.
21,223
Jan. 1 to Nov. 30 ...
231,987
Clev. Painesv. * E Dec.
5,709
Jan. 1 to Dec. 31__
74,551
Dot. Ypsilantl Ann Arbor
& Jackson R v -Oct.
11,633
May l to Oct. 31__
69,800
Elgin Aurora At Bo.Deo.
8,333
June 1 to Dec. 3t__
58,332
Jan. 1 to Dec. 31 ...
100,000
Ind’ p’lis & East Ry Dec.
2,083
June l to Dee. 3 i —
14,583
Intern! Rv. (Buff.) Nov.
78,381
July 1 to Nov. 3 0 ....
394,577
Ithaca Street Ry—
Oct 1 to Deo.
31_
5,655
Jan. 1 to Dec.
3122,845
Jaoksonv. Elec. Co.Nov.
2,667
May 1 to Nov. 3 0 ....
20,417
Kingston Consolidated—
Oct 1 to Dec.
31_
9,372
Jan. 1 to Dec.
31_
38,623
Lexington Ry.........Nov.
4,320
May 1 to Nov. 3 0 ....
39,765
Lond.St.Ry.(Can.). Nov.
1,849
Jan. 1 to Nov. 30---24,014
Montreal St. Bv__ Dec.
17,405
Oct. 1 to Dec. 3 1 ....
49,474
New York & Queens Go.—
Oct 1 to Dec.
31_
48,895
July 1 to Dec.
3 t_
96,403
Northern Ohio Trao. Dec.
13,817
Jan 1 to Dec. 31...
154,732
Pacific Electric___ Oct
18,350
Sept
16,301
Peekskitl Lt. & RR.—
O ct 1 to Dec. 31---6.7C0
Pueblo & Suburban Traotion & Llght'g Co.Nov.
4,583
Rochester Ry........Nov.
24,327
Jan. 1 to Nov. 30---273,024
Bacramento Electric Gas
A Railway Co......Nov.
10,335
Feb. 1 to Nov. SO__
105,356
Savannah Eleo. Co.Sept
9,583
Seattle Electrlo Co Sept
21,877
Terre H. Elect. Co..Sept
6,450
Twin City Rap. Tr...Nov.
t77,733
Jan. 1 to Nov. 30__ 1843,699
United Trao.(Alb’y)—
O ct 1 to Dec. 31....
71,672
July 1 to Dec. 3 1 ....
143,269
$
$
$
New York Chicago
& St.
Louis R ailroad.
('S ta tem en t fo r the y e a r en d in g D ec. 3 1 , 1902.,)
The results for 1902 compared with previous years are
shown below, the dividends for 1902 being those declared
this week, payable March 2:
1900.
1902.
1901.
Gross earnings............................. $7,139,509 $7,485,484 $7,023,359
5,293,678
Operating expenses.....................
398,587
Additions,betterment & renewals [ 5 ,6 1 4 , 0 2 7 { 5'^J;5§5
12,673
3,903
■17,461
16,455
def.877
82,857
def.3,264
15,416
172,139
4,650
71,296
24,736
214,926
def. 1,671
8,967
12,428
134,175
Net earnings........................... 1,525,482 $1,517,858 $1,331,094
26,721
32,291
Other income.................................
32,596
888
Total Income........................ $1,558,078 $1,550,149 $1,357,815
777,COO
777,010
777,000
Interest on bonds....................
104,092
154,217
Equipment trust charges........... ,
185,650
Dividend on 1st pref..................... (5)250,000 (5)250,000 (5)250.000
Dividend on 2d p r e f..................... (3)330,000 (3)330,000 (2 )220,000
8,333
58,332
100,000
182,273
1412,157
5,737
21,059
4,159
29,117
2,175
21,975
15,185
44,536
45,720
91,373
13,259
135,910
5,576
3,388
25,062
272,003
6,573
—
558
2.247
3,237
4,252
$15,428
$38,932
$6,723
Balance, surplus,
47,557
51,241
66,779
55,658 - V . 75, p. 1032.
2,125
18,633
Cleveland Lorain & W heeling R ailw ay.
*53,802 *133,900
( R e p o r t f o r the y e a r en ded J u n e 30, 1 9 0 2 .)
*389,543 *1272,037
S ta tistic s. —The following tables, compiled for the C h r o n
*5,722 del.*2,779 ic l e , contain important statistics for the years ending Jane 30:
*943
*2,356
OPERATIONS AND FISCAL RESULTS.
4,333
Operations1901-02.
1900-01.
1899-00.
1898-99.
19,457
Revenue tons oar’d. 4,705,588 3,634,045 3,857,005 3,109,108
Tons (rev.) 1 mile..445,663,411 345.651,173 380,093,225 289,362,818
651
Ton rate per mile.. 0-541 ots.
0-521 ots.
0-482 ots. 0-479 ots.
8,869
Passengers carried.
484,656
501,243
486,140
430,058
2,944
632 Pass, carried 1 mile 12,930,630 13,090,123 12,307,493 10,862,388
53,273
41,599 Pass, rate per mile.
1'93 ots.
167 ots.
1-75 ots.
1-79 cts.
Earnings —
3,298
3,907
30,189
28,646 Freight................... $2,411,277 $1,800,402 $1,832,026 $1,384,743
Passengers.............
219,29 2
217,982
215,242
194,231
46,045
37.404 Mail........................
18,492
18,484
18.4S8
18,639
168,207
147,326 Express..................
13,527
11,904
11,262
10,857
Miscellaneous........
...........
14,831
15,556
13,512
def.*6,259 del. *3,924
*50,953
Total.................
$2,692,583 $2,063,653 $2,092,574 $1,621,982
*50,078
Expenses 14,688
9,257
179,519
130,258 Maine, of way and
structures............
$306,455
$104,820
$391,480 $241,883
8,965
Maint.
of
motive
2,909
power and cars...
261,354
242,430
246,732
176,962
Con duct, transp’n ..
813,967
596,163
704,523
615,835
96,932
78,532
66,194
54,865
‘ 6,544
*2,704 General expenses..
Taxes......................
67,151
56,373
52,229
43,350
8,703
4,756
Tot.op.ex.&tax. $1,575,859 $1,378,363 $1,461,159 $1,137,895
22,479
15,900 P.o. of exp. to earns.
(58*52)
(66 79)
(69-83)
(70-15)
207,549
112,638 Net earnings......... 1,116,729
683,285
631,415
484,087
Deduct —
9,770
90,566
Int. on mort. bonds.
Int. on ear trusts...
Mlso. & rent. (net)..
$337,400
1,875
25,456
18,379
4,776
t75,850
t812,287
13,195
104,949
10,496
33,919
6,322
84,567
958,466
25,416
4,600
78,223
766,002
Total.................
Balance..................
$364,731
$374,815
$320,502
$239,571
$752,000 sr.$310,470 sr.$310,913 sr.$ 194,516
63,313
123,015
*64,512
*155,811
*44,390
*129,936
9,675
94,091
* Inolndes “ other income.”
1 Fixed charges Include dlvSdend on preferred stock,
i These figures are for the corresponding period of 1900, as the
figures for 1901 were unusually heavy, owing to the Pan-American
Exposition at Buffalo.
s Figures for 1901 were unusaallv large owing to the South Caro
lina Inter-State Exposition at Charleston.
$337,400
4,875
32,540
$278,626
7,375
34,001
GENERAL BALANCE SHEET JUNE 30.
1902.
1901.
A ssets—
$
$
RR., equip., &c......20,755,205 20,757,767
Material ^supplies ...........
96,180
Agents, c o ’s, U . 8.
(iov., tndiv , &C .
12,537 328,373
Stocks owned........ 300,000
300,000
Cask ......................................
349,833
Due from railroads 416,557
...........
Total assets.. ..21,484,361 21,832,158
73, p. 953.
—V.
L ia b ilitie s —
Common stock..
Preferred stock
Funded debt....
Car tru sts.........
Bills payable ...
Other accounts.
Impt. account..
Profit and loss..
$277,000
1902.
*
10,875
1,696
1901.
$
8,000,000 8,000,000
5.000,000 6,000,''00
6,843,000 6,843.000
98,853
23,218
213,119
436.672
958,3 50
403,140
518,632
908,338
Total liablUtles,21,484,301 21,832,168
TH B
January 21, 1903.]
209
C H R O N IC L E
Atlantic Coast Line Railroad.
( R e p o r t fo r the y e a r en d in g Ju n e SO, 1 9 0 2 .)
G E N E R A L B A LA N C E SH E E T JU N E
1901.
1902.
$
Assets—
President W. Gh Elliott says in substance :
Consolidation, Etc.- T he consolidation and merger of the Savanah Florida & Western Ry. Co. with this company was completed on
lay 13, ls02, and the property of the 8 . F. ts. W. Ry. Co. was taken
ver, subject to a lease that expired at midnight on June 30, 1902, so
hat the operation of the consolidated company commenced on July 1
f the present year, after the dose of the fiscal year for which this reort Is submitted Under the terms of the consolidation above menloned the oompany has acquired by purchase the controlling interest
a the Florida Southern Ry. Co. and In the Sanford & 8 t. Petersburg
LR. Co., which were formerly operated as a part of the Plant System,
nd whloh, together with the 8 av. Fla. & Western Ry. Co., constituted
11 of the railroads formerly belonging to the Plant System.
J
t
Road and equipm ’tl2,2Sl,12i 12.,19i»,728
2 7 3 ,0 0 )
Car trust equlpm ’t
273,000
H ea l e s t a t e .............
Stks.ofsn n dry cos.
C. T. A V. preferred
stock, at p a r.......
C. T. A V. com m on
stock, at par . ..
Miscellan. assets ..
58*1.372
13,606
830,850
28,6 ;6
139,250
139,250
684,700
397,212
497,121
584,700
T o t a l ................... 14,223,264 14,053,251
- V . 71, p, 913.
30.
Liabilities—
Preferred stock,...
Common stock . ..
1902.
*
1901.
t
2,200.000 2,200.000
5 ,2 ‘JO.OOO 6.200,000
Funded debt,....... 5,515,000 5,515,000
Car trust warrant*
M lscel. lia bl.itles..
Current liabilities.
Profit and loss___
192 ,0 0 0
475,117
439,141
201,706
219.000
404,681
336,544
178,026
T ota l................. 14,223,264 14,053,251
Western New York &Pennsylvania Railway.
f R e p o r t fo r the y e a r en d in g J u n e 30, 1902. J
President W . H. Birnes says:
It will be noted that while there was a large Increase (viz, $689,242) In the gross earnings, the expenses were also materially In
creased, and that there was a deficit of $610,097 In the net income for
the year In providing for fixed liabilities, taxes and extraordinary ex
penditures, which amount was advanced by the Pennsylvania RR. Co.
Extraordinary expenditures have been made during the year, to the
amount of $196,7-ol. There is due the Pennsylvania RR. Co. for ad
vances, as stated In balance sheet, as follows: Advanced to pay
Interest coupons, $799,500; construction charges unpaid, $36,363;
Loss In operation Jane, 1902, $2,188; interest on car trusts and on
mortgages; also ground rents and taxes, $37,042; total, $435,093.
The earnings, expenses, charges, etc., were as below:
N e w S t o c k a n d B o n d s . -Under the authority given at the speoial
teetings of the stockholders held on May 12,1902, and June 16,1902,
he capital common stock was increased to the extent of $7,259,800,
nd of this amount $7,125,000 was issued In part payment of the
urchase of the properties acquired under the consolidation with the
av. Fla. & Western Ry., and a consolidated mortgage bearing date
une 16,1902, was made to secure bonds to the extent of $ 20,000 per
ntle, covering the entire mileage of the consolidated road, but not to
xceed in the aggregate $80,000,000, was executed and delivered to
he United States Trust Oo. of New York as Trustee. Under the terras
f this mortgage a sufficient number of the bonds Is held |to meet the
inderlylng liens on the consolidated property, and the sum of $13,64,000 In bonds and suoh others as were specially appropriated that
O P E R A T IO N S A N I) F IS C A L R E S U L T S .
light not be needed were reserved for the acquirement of additional
1901-02.
1900-01.
1899-00.
1898-99.
iroperty and the purchase of new equipment.
632
632
632
633
Miles of road oper ..
P E R Aresults
T IO N S , Eof
A R Noperations
IN G S A N D E Xhave
P E N S Ebeen
S.
S ta tis tic s ,—OThe
as below:
Operations—
1901-02.
1900-01.
1899-C0.
Passengers carried. 1,823,102
1,551,200 1,531,010
1,378,251
1,759
1,756
1,756
toad operated June 30.............
Pass, carr’d 1 mile.. 62,949,175 41,793,615 37,177,569 33.012.044
Operations 2-031 cts.
2-352 Cts.
Race per pass.per m. 1-962 cts.
2 470 Ots.
1,672,262 1,269,602 Freight (tons) car’d. 5.832,381
'assengers carried........... 1,699,542
5.197,650 5.400,066 4.708,446
Passengers carried 1 mile. 82,179,619
68,570,437 64,591,778 Ft i(tons) car’d 1 m.637,539,187 618,776.922 658,764,586 552,948,561
tevenue freight (tons) carried.. 3,147,453
2,891,554
.........
0-493 Cts.
0-444 CtS.
0'4 47 Cts.
Rate per ton p. m.. 0-521 cts.
’relght (ton) carried 1 mile.434,696,989 373 ,918,780 374,167,882
....
321
342
370
Av. train load (tons)
Earnings—
. ...
65-1 Ots.
63-7 cts.
Earns, p. pass. tr.m. 87 Ctsfreight.............................. $5,978,109
$5,620,460 $5,245,307 Earns, p. frittrinm.
....
$1 579
$1-637
$1-786
1,529,219 Gross earns per m..
1,541,392
’ assengers................ •................. 1,753,813
$6,449
$5,196
$7,544
$6,005
296,601
294,253
294,285
fdall .............................................
Earnings—
$
$
$
$
167,147 Passenger............... 1,235,327
165,557
Express.............................
165,825
680,973
743,729
848 991
348,472
293,436
Jdlsoellaneous...................
357,493
2,902,867 2,444,963
Freight.................... 3,324,614 3,047,498
165,475
204,390
178,600
156,991
Mall, express, eto ..
Total earnings....................... $3,549,525 $7,915,093 $7,586,746
Expenses 3,291,411
Total earnings.. 4,764,331
4,075.089 3,803,587
llaintenaaee of way, etc............ $1,276,824 $1,087,005 $1,143,671
Expenses—
938,382 Maine, of way. eto.. 1,091,931
dalntenanoe of equipment......
948,000 1,069.067
491,648
684,913
928,645
londuoting transportation........ 2,313,352 2,289,832 2,023,395 Maint. of equipm’nt
562,924
702,191
935,347
870.343
206,151 Oonduct’g transp’n. 1,977,056
198,925
leneral expenses....................
205,811
1,106,686
1,780,971
1,385,003
111,688
55,065
117,407
66,008
General..................
Total expenses...................... $4,738,987 $1,614,829 $4,311,599
4,059,399 3,645,966 2,889,515 2,272,945
Total.................
Jet earnings................................ $3,810,538 $3,270,269 $3,275,147
(89-47)
(75-97)
(69 06)
(85-20)
131,012 Per ct. exp. to earns.
62,916
bther Income..............................
85,887
704,932
914,072 1,018,466
Net earnings..........
429,123
27,768
7,091
925
24,265
Total...................................... $3,896,425 $3,333,185 $3,406,159 Other inoome.........
Deduct —
436,214
Total.................
705,857
938,337 1,046,234
$257,205
Disbursements—
964,277
793,537
797,115
899,500
823,307
31,COO Interest on bonds..
15,730
15,423
16,150
17,804
1,271 Int.onreal est.mort.
14,467
20,563
84,307
12.397
4.418
Eqalpm’t Interest..
931,007
115,117
Taxes......................
107,190
119,118
90,336
397,255
Extraordinary........
73,844
196,751
63
6,520
Total...................................... $3,105,357 $2,895,789 $1,253,753 Other payments__
$137,396 $2,152,406
lurplus.........................................
$791,068
948,218
Total................. 1,315,889 1,024,209
920,875
B A LA N C E SHEET JO N E 30, 1902.
Balance for year.... def.610,032 def.587,995 sur.17,462 sur.98,016
Assets—
Liabilities —
GENERAL BALAltCE 8HEET JU N E 30.
Jonstruotion, equip
Stook, common........x$23,150,000
1902.
1901.
1900.
1899.
ment. eto................ $66,989,819 Stock, preferred.......,yl8,850,000
Assets—
$
$
$
$
investments.
735,418 Certlt’s of lndebt’n’ss 5,880,000 Road
and equipment__ 50,713,342 50.60L496 51,741,411
Cash deposited to pay
Funded debt.............. 18,646,500 Stocks and bonds owned 527,261
686,476
527,260
686,244
coupons and divi
Due to employes........
214,949 Materials and supplies... "
185,250
374,892
dends.......................
309,952 Railroads and others. 1,689,460 Due
137,032
198,394
from
agts.
&
oond’rs
Oash on hand............
250,099 Acoounts payable__
28,614 Due fromind’ls, oos., &o.
372,582
538,777
622,971
183,046
28,000 Coupons not paid......
Bills receivable.........
323,647 Cash (lnol.forc’pons.etc.)
260,235
262,230
371,947
391,334
Due by agents.........
190,523 Interest on certlf’s of
4,631
20,528
20,528
32,861
Miscellaneous.................
Due by railroads and
indebt’ness unpaid.
4,239 Profit and loss................
3,205
others...................... 3,875,379 Dividends..................
323,991
Bills payable...........
136,360
Total assets.............. 51,703,612 51,782,100 53,918,107 53,374,434
Profit and loss.......... 3,130,929
Liabilities—
Stock............................... 20 ,000,000 2 0 ,000,000 20,000,000 20 ,000,000
Total.................... $72,378,688
Total....................$72,378,688
Bonds (seeSUPrLEMENT)30,307,199' 29,991,000 29,990,000 29,990,000
(lnol. lnt.)....................
...........
258,195
x 81nce lnoreased to $36,650,000, in connection with an Issue of Equip, notes
342,745
359,340
336,468
on bonds...........
361,230
$35 000,000 collateral trust purohase moaey 50-year 4 p. o. gold Interest
239,799
esc. mrls&gr. rents
317,199
...........
317,199
aonds, In order to purohase $30,600,000 of the $80,000 000 capital Real
367,544
Wages and supplies..........................
684,103
itook of the Louisville & Nashville RR. Co. (compare V. 75, p 732, Dae
507,170
Penn. RR. for adv’s. 935,093
305.1252). y Since mostly retired bv exchange for 4 p. o. certificates Miscellaneous.........
16,082
127
57,128
.......
106,090
)f indebtedness on the basis of $100 preferred stock for $125 In cer Profit ana loss.................................
591,309 2.362,015 2,327,219
tificates of Indebtedness. See V. 75, p. 1252.—V. 76, p. 100, 47.
Total liabilities....... 51,703,612 51,782,100 53,948,107 53,374,434
—V. 76, p. 160.
Cleveland Terminal & Talley Railroad.
Taxes..............
nterest on bonds and oertlfs__
Sent Central RR........................
Miscellaneous..............................
dividends on preferred stock....
Dividends on oommon stock......
$360,000
1,189,995
31,000
25,705
942,500
556,157
$332,000
1,190,070
31,000
( R e p o r t f o r fiscal y e a r en ded J u n e SO, 1 9 0 2 .)
The report says:
There were 1,412 tons of new 85-lb. rail and 7 tons of 75-lb. rail and
34,730 ties laid In main traok and sidings daring the year and cnarged
[Jjp maintenance. The expenditures for construction aggregated
$16,338, The third annual payment on car trust lease warrants of
$27,000 was made May 1, 1902, leaving outstanding $192,000.
The results of operations for three yearo pa3 t and the
balance sheet follow:
E A R N IN G S, E X P E N SE S A N D C H A R G E S.
Earnings -
Freight...................................
Passengers.............. ............
Express, mall, eto..................
1901-02.
. $891,260
. 262,270
65,428
1900-01.
$S35,797
215,598
• 58,827
1899-00.
$944,623
219,135
38,975
.$1,218,958 $ 1,110,222 $1,102,733
. 746,252
726,841
739,805
Deduct—
Interest on car trusts,.
Taxes ..........................
Interest and discount..
. $172,706
$370,417
$375,892
. $220,600
10,725
29,680
4,625
$220,600
12,075
28,195
1,473
$220,600
13,050
26,053
. $265,630
. $207,077
$262,343
$108,075
$259,703
$116,189
Wheeling & Lake Erie Railroad.
( R e p o r t fo r the fiscal y e a r en d in g J u n e SO, 1 90 2,J
President J. Ramsay says in substance:
G e n e r a l R e s u l t s .— The gain in gross earnings over the previous
year was $582,918, of which $519,603 was In freight. Operating
expenses increased $517,289. The decrease in the “ average rate per
ton mile” Is due to two causes—first, the very low rate which prevailed
on coal for a good portion of the fiscal year; and second, to the large
increase In low-grade traffic, such as ore (120 per cent) and coal (26
percent). The decrease In the “ passenger rate per mile” was due to
a large number of low ra’ e excursions to the Pan-American Exposi
tion and of other excursions.
While the operating expenses show a large lnorea°e in the total, the
Increase is principally dne to expenditures on equipment, shops,
tracks, bridges and dock*. The conducting transportat on expenses
lnoreased $195,105, or 15-76 per oent, while on maintenance of equip
ment there was an increase of $140,339, or 35-69 per oent, ana on
maintenance of way and structures $187,692, or 55 98 per cent.
Our gross earnings for the year ending June 30, 1903, will surely
reach $ 1, 100,000
The Improvement in the condition of the property as shown by the
General Manager’s report is very satisfactory, but there is yet much
to be done, and It must still be done ont of the net earnings.
Equipment Mortgage. - I u the last annual report attention was
oalled to the necessity of largely lnoreastng the equipment and motive
power. The board during the past year arranged an equipment 5 p. o.
20-year sinking fund mortgage for $ 2,500,000 , for tne purohase of
freight and passenger oars and locomotives. Under the provisions of
210
THE
C H R O N IC L E
this mortgage 2,000 40-ton coal oars, 600 “ drop-bottom” ooal cars, 500
SO ton box cars and 7 locomotives have been delivered; and 27 loco
motives—freight, passenger and switching—were contracted for to be
delivered early in 1903. The total amount expended to date on equip
ment purchased under this arrangement is $2,140,694, of whioh
amount $1,688,460 was paid out of the proceeds of the equipment
bonds and $252,234 paid by the company out of income.
The effect of the increase in equipment is dearly and satisfactorily
shown in the gross earnings, and these will be yet more largely in
creased when our new engines are delivered.
General Manager R. Blickensderfer says in part:
During the year 8.263 tone, or 28 8 miles of 70 pound rail were
laid on the Toledo division. We have contracted for 11,000 tons of
80-pound-rail. We have placed 130,542 oross ties in the main track
and 97,169 in side tracks; 58 miles of line have been ballasted with
gravel and cinders and 50 miles of new woven-wire fence have been
put up. We have filled 1,698 lineal feet of trestle at a oost of $9,206.
As a heavier class of looomotlves than those in use have been oontraoted for, it will be necessary to strengthen a number of our wooden
as well as iron bridges. We have constructed 2014 miles of new
side tracks at a total oost of $76,008.
On Jan. 1,1902, the company commenced to operate the Zanesville
Belt & Terminal Ry. at Zanesville, and on the same date took over the
property of the Huron Dock Co. at Huron. The cost of this latter
property was $50,363.
Attention is particularly directed to the large prospective increase
in our ooal tonnage (nearly 100 p. c.). In addition to the mines
named, there are others being prospected, as well as a number of
other industries, whioh will add largely to our tonnage, and will call
for further outlays in the way of side traok and terminal facilities.
Of the freight carried products of agriculture furnished
4'40 per cent; products of mines, 64-93 per cent (bituminous
coal, 48-47 per cent, or 2,285,814 tons, against 1,805,609 in
1900-01.); manufactures, 29-32 per cent, remainder scattering.
S t a t i s t i c s —The operations, earnings, expenses and charges,
and the balance sheet for two years, have been as follows :
O P E R A T IO N S A N D F IS C A L R E SU LT S.
Average mileage....................
Operations —
1901-02.
412
1900 01.
442
1899-00.
393.
[Vol. LXXVI,
product in 1900 was 66.756 tons and in 1902 104,319 tons. After the
completion of the new stack at Gadsden the annual output should be
easily 150,000 tons. The oompany is no longer dependent on any
outside oonoern for any of Its raw materials, controlling Its own ooal,
ore and limestone deposits, whioh It produoes in ample quantity for
its own needs. It owns over 35,000 acres of coal land, containing,
according to estimates, from 100,000,000 to 150,000,000 tons of
available and marketable ooal; enough to last the oompany for 50 to
100 years, with its increased needs. The brown and red ore and lime
stone deposits of the oompany are also very large and of high grade,
having been purchased with a view of supplying its needs for many
years to oome.
The comparative earnings for the last three years and the
balance sheet of Nov. 1 follow :
Earnings for —
1901-02.
1900 01.
1899-00.
Iron sales..........
$1,361,608
$981,357
$853,743
Coke sales.........
313,413
. 591,196
226.537
Coal sales.........
483.046
323,620
259,939
Store sales........
250.798
. 379,340
335,249
Rents collected.
S9.753
30.914
34.029
Saw mill............
8,748
13,863
12,690
4,411
Miscellaneous...
1,932
19,201
$2,873,217 $1,910,782 $1,741,388
. 2,424,273
1,735,821 1,501,366
$148,944
$174,961
$240,022
$172,470
3,982
24,000
$7,500
129,818
4,885
24,000
$158,033
$200,452
. $248,492
$165,703
$9,258
$158,033
$81,989
Deduct-
Interest..
State tax and miscellaneous ,
Depreciation..........................
Surplus.
BALAN CE SH EET N OV.
1902.
1901.
Assets—
Propert’s. incl. st’ks
o f constit’nt co ’s..4 ,200,000 4,290.000
Properties sub. acq’d 415,374 430,088
Im provem ents......... 946,444 078,470
Materials & supplies 65,185
47,207
0,304
Iron on hand...........
79,537
M erch’dise in stores
35,288
55,598
A cc'ts & bills receiv. 813,848 157,413
41,520 101,045
Cash .........................
15,907
32,003
M iscellaneous..........
1.
1902.
1901.
Liabilities—
$
$
Preferred s to ck ...... 2,500,000 2,500,000
Common sto ck ........ 2,500,000 2,500,000
B on ds......................... 490,000 500,000
Taxes accru ed ..........
10,7*5
9,231
A c c ’ts & bills pay’ ble 159,735
96,407
Reserve fo r repairs.
11,178
30,028
Reserve fo r deprec.
29,890
24,000
Reserve for roy a ltj. 46,472
20,169
Real estate sa le s ....
54,576
48,702
Profit and loss.......... 377,007 120,110
5,258,274 4,285,310 3,889,951
Total tonnage (revenue).........
do
(one mile)........... 582,258,711 425,687.887 397,064,645
Freight train miles..................... 1,352,920 1,097,543 1,116,900
430-37
387-86
Av. revenue train load (tons)__
355-51
0’503 Cts. 0-566 cts. 0541 ots.
Revenue per ton per mile......... .
$2 16
T ota l........
Revenue per train mile...............
6,180,240 5,857,648
$2 19
$1 92
T otal.....................6,180,240 5,857,018
853,683
777,232
Passengers carried.....................
845,182 - V . 76, p. 104.
Passengers carried one mile...... 23,725,276 20,177.996 16,942,451
Atlantic Mntnal Insurance Co.
Pass, per train (number)...... . ..
68-25
80-78
63-85
( S ta te m en t f o r y e a r en ded D ec . S I, 1902. J
Mileage of oars, inol. mall & exp. 2,570,821 2,523,647
2,394,410
Revenue per pass, per mile........
1-88 cts.
2 ots.
'2-04 Cts.
The annual statement of the Atlantic Mntnal Insurance
$7,999
$6,679
Gross earnings per mile of road.
$6,789 Co. was issued this week. The following is a summary of
Net earnings per mile of road...
$2,133
$1,984
$1,945
assets as of Dec. 31, 1902:
Earnings—
Freight......................................... $2,927,874 $2,408,271 $2,148,298 United 8tates and State of New York stock, oity, bank and
Passengers...................................
403,087
446,304
346.268
other stook.......................................................................... $5,391,199
Mail and express.......................
61,290
56,768
53,961 Loans secured by ooliateral and special deposits in banks
Other sources..............................
101,565
121,497
85,979
and trust oompany__ . . . ................................................. 1,497,089
Real estate oor. Wall and William sts., cost....$2,657,000
Total................................. . $3,537,023 $2,954,105 $2,670,024 Advanced on aooount of real estate and lien
Operating expenses—
held thereon.............................. ....................
300,000
Conducting transportation........ $1,432,708 $ 1,237,603 $1,134,926 Other real estate and claims due the oompany.
75,000
533,520
393,181
Maintenance of equipment____
360,286
3,032,000
Maint. of way and structures__
522,973
335,281
306,944 Premium notes and hills receivable.................................... 1,058,489
General expenses...... ................
104,602
110,419
102,837 Cash in the hands of European bankers to pay losses
188,676
under policies payable in foreign countries....................
Total............... ...................... $2,593,803 $2,076,511 $1,904,993 Cash in bank..........................................................................
262,608
P. o. of exp. to earns..................
(73-33)
(70-29)
(71 35)
Net earnings................................
$943,220
$877,591
$765,031
Amount................................................................. ......... $11,430,061
Other income...............................
44,058
40,070
I n te r e s t— C ertifica tes C a lled .— Six per cent interest on the
Total......................................
$913,220
$921,649
$805,101 outstanding certificates of profits will be paid to the holders
Deduct—
thereof Feb. 3. The’outstanding certificates of the issue of
Interest on bonds..................
$572,296
$312,319
$509,117 1897 will be paid on Feb. 3 next, from which date all interest
Taxes............................................
129,562
96,751
80,975
Rentals and miscellaneous........
169,238
135,627
8,775 thereon will cease. A dividend of 40 per cent has been de
clared on the net earned premiums for the year ending Dec.
Total....................................... $371,096
$774,697
$598,867 31. 1902, for which certificates will be issued on and after
Surplus.......................................
$72,124
$146,952
$206,234 May 5. The total marine premiums for the year were §4,F IN A N C IA L E X H I B IT JU N E 30, C O N D E N SE E D F R O M GEN. B A L A N C E SH E E T .
084,931. See official statement for year 1902 in full in adver
Assets—
1902.
1901.
1900.
tising columns.—V. 74, p. 480.
Cost of road and equipment......
241,315
Materials and supplies...............
221,367
'228,120
Chicago JunctionRailways &Union Stock Yards Co.
Stocks and bonds owned.........
462,321
462,721
462,720
( R e p o r t f o r the y e a r en d in g D ec. S I, 1902.J
New equipment in suspense...... 1,969,297
921,129
Additions and improvements....
635,476
714,074
President
Channcey M. Depew in his report, presented at
Advances for construction.........
375,994
76,916
Consolidated bonds in treasury.
266,000 1,000,000 the annual meeting on Tuesday, says in part:
266,000
Cash on hand..............................
612,821
859,418
476,428
The great shortage in corn for the crop year of 1901 was a serious
Due from agents........................
108,489
106,298
139,307 blow to the llve-stook Interests, and a heavy decrease was shown in
Due from U. 8 . P. O. Departm’t.
8,697
8,607
8,344 the reoetpts of all meat-producing animals daring the spring and sum
Due from railroads & Indlvld’als
331,843
202,030
200,615 mer of 1902. This shrinkage, however, was in a great measure made
Due from Pacific Express Co__
1,894
1,895
1,895 up by the large receipts during the antumn months.
Miscellaneous.............................
7,726
6,687
3,671
The continuanoe of the policy adopted by the management of mak
ing large expenditures 1or improvements and betterments over the
Total assets........................... $54,920,166 $51,833,533 $47,845,804 ordinary oharges for repairs and maintenance has so far increased
Liabilities—
theexpenses as to reduce the net earnings by $42,491, the entire de
Common stock........................... $20,000,000 $20,000,000 $19,000,000 crease
being shown in the net earnings of the Stook Yards Go., where
First preferred stook................ 4.986.900 4.135.800 3.420.000 the improvements made have been unnsuaLly large. Most of these
Second preferred stock............ 11.993,500 11,567,900 10 ,210,000 improvements are of a permanent oharaoter and are greatly improv
Bonds outstanding..................... 13,867,000 13,267,000 12,000,000 ing the iaoilltles of the yards.
Bonds issued to treasury...........
266,000
266.000 1,000,000
The construction of the bandings of the G. H. Hammond Co., whioh
Equipment trust obligations__ 1,969.297
921,129
541,039 abandoned its plant at Hammond, Ind., and looatedatthe Chioago
Bills payable . . . ........................
450.521
371,671
474,885 yards, has been rapidly pushed, and it is expected that it wUl be in
Vouchers and pay rolls.............
560,694
601,794
632,091 complete operation early in the spring of 1903. All such Improvements
Railroads and individuals.........
100,3X0
91,027
109,015 necessarily tend to increase the demand for live stook at the Chioago
Interest due...............................
28,780
47,150 yards.
26,198
Interest accrued, not due...........
184,798
174,186
154,354
The earnings, income account, balance sheet, etc., follow:
Taxes aoorued, not due..............
67,113
49,142
47,017
Miscellaneous.............................
19,624
5,182
3,620
E A R N IN G S O F P R O P E R T IE S C O N T R O L L E D .
Profit and loss.............................
425,627
353,504
206,554
1902.
1899.
1900.
1901.
Gross earnings—
$
$
$
$
Total liabilities.....................$54,920,166 $51,833,533 $17,845,804
*..2,472,717 2,451,956 2,242,285 2,185,908
- V . 75, p. 443.
...2,074,480 1,949,260 1,912,198 1,791,231
Alabama Consolidated Coal & Iron Company.
4,401,216 4,154,481 3,977,139
C R ep ort fo r the fiscal y e a r en d ed Oct. S i, 1902J
President T. G. Bush says in p a rt:
The two furnaces at Ironton have been praotleally rebuilt and their
capacity greatly enlarged, and a new furnaoe is being constructed at
Gadsden. The company originally owned 202 coke ovens. With
those now under ,construction, and whose oost has been provided for,
it will have 765, of whioh 665 have been completed. The ooal output
in 1900 was 206,496 tons and in 1902 475.166 tons. Its coke produc
tion in 1900 was 72,673 tons and in 1902 200,597 tons. Its iron
971,111
781,121
807,296
...1,435,994 1,312,258 1,288,354 1,127,099
Net earnings—
...2,471,836 2,283,364 2,069,475 1,934,395
...1,436,874 1,480,844 1,461,163 1,378,611
664,183
623,842
637,007
... 638,486
..2,075,360 2,117,851 2,085,005 2,042,744
THE
January 24, 1903.]
INCOME ACCOUNT.
1902.
$
1901.
$
1900.
^
1899.
$
236,911
84,049
28,382
2 2 ,5 4 9
1 ,8 2 9 ,8 3 9
2 7 ,7 8 6
1 ,8 2 9 ,8 3 9
2 4 ,4 7 2
1,763,839
4,646
T o t a l..................................2 ,2 1 9 ,3 1 7
Bal. from previous year.. 366,929
D ir . from U. 8. Y. & T. Oo.
and Ohio. J o t. Ry, C o . . . 1 ,8 2 9 ,8 3 9
I n t e r e s t ..................................
2 ,0 9 4 ,5 3 6
1 ,9 3 8 ,3 6 0
1,796,867
7 1 ,3 9 5
6 6 0 ,0 0 0
9 1 0 ,0 0 0
5 5 ,0 0 0
6 2 ,6 0 8
7 0 0 ,0 0 0
9 1 0 ,0 0 0
5 5 ,0 0 0
7 3 ,8 4 5
6 2 7 ,6 0 3
9 1 0 ,0 0 0
9 0 ,0 0 0
66,768
616,050
‘ T o t a l* ............................... 1 /6 9 0 ,3 9 5
S u r p lu s .................................... 5 2 2 ,9 2 2
1 ,7 2 7 ,6 0 8
3 6 6 ,9 2 8
1 ,7 0 1 ,4 4 8
2 3 6 ,9 1 2
1 ,7 1 2 ,8 1 8
8 4 ,0 4 9
ruF
Payments —
G e n e r a l e x p e n s e s , e t c . . ..
I n t e r e s t ...................................
D iv id e n d s ..............................
D e p r e d a t io n . . . . . . . . . . . . . . .
9 1 0 ,0 0 0
9 0 ,0 0 0
BALANCE SHEET DEC. 3 1 .
1902.
1901.
1902.
1901.
L ia b ilitie s $
$
$
$
Purchase a c c o u n t .22.741.49t 22,744,494 S tock (see I n v e s t
O ther in v e s tm 'ts .. 4,333,397 4,037,182
o r s ’ SUPP’M’T ).18.000,090 13.000,010
Cash ........................
064,897
804,997 B o n d s ....................... 14,000,000 14,000,000
C oupon a c c o u n t ...
255,255
254,371 D iv id en d s u n p a id .
11,452
11,606
295,285
294,390
D ivid en d a c c o u n t.
238,952
239,106 A ccru e d Interest..
Surplus a c c o u n t ...
179,635
179,636
D iv ld e ’ ds d ecla red
227,500
247.509
In c. & e r p . a cco u n t
522,923
3e6,929
Assets—
■m- T o t a l ................. 28,236,795 28,080,060
211
C H R O N IC L E .
T o t a l .................. 28,2*36,795 28,080,061
The live-stock receipts were given in V. 76, p. 161.
G EN E R AL IN V E S T M E N T N E W S ,
RAILROADS, INCLUDING STREET ROADS.
"IAtchison Topeka & Santa Pe Ry.—Maturing Bonds.—
Debenture bonds, series A, $3,500,000, dus Feb, 1 (8 nnday),
will be paid on and after Feb. 2 on presentation at the office
of the company, No. 59 Cedar Street.—V. 75, p. 1353,
Atlantic Coast -Line KR.—Bonds.—The new Louisville &
Nashville collateral trust bonds are 1limited to $35,000,000 4
per cent gold bonds, interest payable May 1 and Nov. 1, at
office of J. P. Morgan & Co.; principal dae Oct. 1, 1952, but
subject to call for payment in amounts not less than $100,000
an any interest day at 105, upon two months notice by adver
tisement; no sinking fond. The first coupon is for 7 months;
the last coupon for 5 months. The bonds are registrable as
to principal as well as interest.
Report.—See page 209.—V, 76, p, 100.
Baltimore Sparrows Point & Chesapeake Ry.—Consol
idation.—This company was formed on Jan, 21 by consolida
tion of the Baltimore Middle River & Sparrows Point Ry. Co.
and the Dandalk Sparrows Point & North Point Ry. The
consolidated company has an authorized capital stock of
$2,000,000, and the stockholders were on Jan. 22 to authorize
an issue of $2,000,000 of bonds with the Maryland Trust Co,,
as trustee. Tne bonds will be guaranteed, principal and in
terest, by the United Railways & Electric Co. See V. 76,
p. 157.
Boston & Worcester Electric Companies.—Organized—
This voluntary association has been organized after the plan
of the Massachusetts Electric Companies and the Boston
Suburban Companies, and has acquired control of the Bos
ton & Worcester Street Ry. Co., Framingham Union Street
Ry. Co. and Framingham Southboro & Marlboro Street
Ry. Co. The association has outstanding 18,786 shares of
4 p. c. preferred stock and 19,939 shares of common stock;
total authorized issue of each 50,000 shares, no par value.
No new bonds.
The officers are James F. Shaw, President, and George A.
Butman, Secretary and Treasurer, The trustees are as fol
lows, all being Boston men unless otherwise designated :
N. W . J o r d a n , P re s id e n t A m e r ic a n L o a n & T ru st C o.; P h ilip S took ton , P re s id e n t O ltv T ru st C o.; J. E . T o u lm ln , P re sid e n t N a tio n a l B an k
o f R e d e m p tio n ; H . L B a r r a g e , P re s id e n t E lio t N a tio n a l B a n k ; P e r c y
P arker o f L o w e ll, tru ste e M a ssa ch u se tts E le o trio C o m p a n ie s ; R o b e r t
T reat P ain e 2 d , d lre o to r C ity T ru st C o .; C h a rle s H a y d e n o f H a y d e n ,
Stone & C o.; P. W . M o e n o f W o rc e s te r; A r th u r E . C hilds o f W o rc e s te r;
W illiam M. B u tle r , co u n se l; H . F ish e r E ld r e d g e o f P o r ts m o u th , N. H .;
Jam es F. S h a w , E . P . S h a w , P h ln e a s W . S p ra g u e , W . H . T ru m b u ll o f
E. H. G ay & C o.
The enterprise has been financed. The securities will be
listed upon the Boston Stock Exchange.—V. 75, p. 1398.
Boston* Worcester Street By.—Stock.—The Massachusetts
Raiiroad Commission has authorized the issue ot $250,000 new
stock, making the total share capital $1,000,000. See Boston
& Worcester Electric Companies above and V. 75, p. 1398,
Brockville Westport & Sault Ste. Marie Ry.—Sold.—At
the foreclosure sale on Tuesday the property was bid in by the
reorganization syndicate for $160,000. The road’s new name,
it is said, will be the Brockville & Northwestern Railway.—
See plan in V. 76, p. 101.
Brooklyn & Rockaway Beach RR.—Receiver.—Justice
Gaynor on Tuesday appointed Henry J. Robinson re
ceiver for this road in foreclosure proceedings brought by
the People’s Trnst Co., as mortgage trustee. The railroad
oompany, it is alleged, owes $28,524 for unpaid taxes, $114,
350 for notes and interest and $75,070 for unpaid coupons on
its $350,000 bonds, its total floating debt being $240,000.—V.
74, p. 1194.
Carolina Northern RR,—Receivers’ Certificates.—Judge
Parnell at Raleigh. N. C., on Dso. 8 , 1902, autborizsd the
receivers to issue $3,417 of 6 p . c. receivers’ certificates to
pay for improvements and new rails purchased and Novem
ber wages. The amount for November wages ($1,750) has
not been issued, sufficient money being on hand.—V. 75, p.
Chesapeake Transit Co.—Mortgage.—The company has
filed a mortgage to the Colonial Trust Co. of Pittsburgh, Pa.,
to secure $2,500,000 of $1,000 50 year 5 p. c. bonds, of which
$600,000, it is said, will be applicable only to the retirement
of the $500,000 of 5s of 1901. (V. 72, p. 1286.) The com
pany has in operation a combination steam and electric rail
way, completed in 1902, from Norfolk to Cape Henry, Va., a
distance of 16 miles. This line embraces a trestle 2,100 feet
in length across Lynnhaven River. The companv is said to
own also several miles of water front at Cape Henry. The
proceeds of the greater part of the new bonds, it is stated,
will be used for building a tunnel under the Elizabeth River
between Portsmouth and Norfolk, and also to construct a
large union depot in the latter city for the use of all the
trunk lines centering there. The company also contemplates
constructing piers and warehouses at Cape Henry, to whioh
the Norfolk & Southern recently extended its line. J.
Edward Cole is President.—V. 72, p. 1236.
Chicago & Milwaukee Electric RR.—Mortgage. —On July
1st last this company recorded its trust deed, securing an
authorized issue of $5,000,000 of jbonds. of which $300,000
were issued and delivered on that date. On Dec. 31, 1902,
the company secured by purchase all the property, rights,
franchises, etc,, of the Chicago & Milwaukee Electric Rail
way Company, and issued in part payment therefor $1,700,000 of the new bonds. Of this latter amount, $1,000,000 are de
posited with the trustee to protect the underlying bonds—
amounting to $1,000,000, of the Chicago & Milwaukee Elec
tric Ry. This company has, therefore, outstanding its
bonds aggregating $2,000,000, of which one-half of this
amount are deposited as above stated, and the remaining
$1,000,000 have been offered to the public and nearly all
have been disposed of at this time.
The remaining bonds are to remain in the hands of the
trustee to be issued from time to time to provide for extensions,
enlargements and betterments, and in no event are to be issued
in excess of 75 p. c. of the actual cost of such acquisitions, etc.;
none also are issuable until after the line “ shall be completed
as a doable-track road from Like Bluff, 111., to Libertyville,
111., and the cost thereof fully paid.” The bonds are dated
July 1, 1902, payable 20 years after date (without option of
prepayment); with interest at the rate of 5 p. c. per annum,
payable semi-annually, in Chicago or New York. Trustee,
Merchants’ Loan & Trust Co. of Chicago. As to road bnildiDg and projected, see V. 76, p. 157.
Earnings.—The earnings of the Railway Company for the
last calendar years 1902 and 1901 were:
Tear.
Qrost.
1 9 0 2 ............................. $ 1 9 0 ,1 1 0
1 9 0 1 .............................. 1 7 1 ,1 7 2
Net.
$ 1 1 0 ,7 4 6
9 7 ,1 5 7
Interest.
Bat., sur.
$ 5 0 ,0 0 0
5 0 ,0 0 0
$ 6 0 ,7 4 6
4 7 ,1 5 7
- V . 76, p. 157.
Chicago Union Traction Co.—Protective Com m itteeExtensive Plans. —A committee of which Walter G. Oakman is Chairman informs th9 shareholders of the Chicago
Union Traction Co., the North Chicago St. RR. Co. and the
West Chicago St. RR. Co. that, at the request of the holders
of a large amount of the capital stock of the foregoing cor
porations, they have consented to act as a Protective Com
mittee for such of the stockholders as shall on or before
Feb. 15 deposit their holdings with the Illinois Trust & Sav
ings Bank of Chicago or the Guaranty Trnst Co. of New
York in exchange for negotiable receipts. Tne committee
says:
The condition of the contractual relations between the corporations
controlling the franchises operated by these companies and the olty,
both as to duration and as to terms, is far from satisfactory to either
party, and threatens to he the subjeot of bitter controversy irjnrlous
to the municipality as well as to tne stockholders, by postponing to an
Indefinite future the solution of the transportation problem In the olty
of Chloago. It Is the hope of the committee that this controversy
oan be set at rest by a prompt adjustment whioh willj ustify the In
vestment of large sums of money m Important and permanent changes
and Improvements in the oonstruotlon, method of operatlon and equip
ment of the railroad properties. In order to render a satisfactory publio service to the citizens of Chicago, equal If not superior to that of
other large olties. and to seoure the advantages of an economical ad
ministration of the properties controlled by these corporations. The
committee, so soon as there shall have been deposited with it such an
amount of the oapital stock of these corporations as, in their opinion,
justifies such aotion. will undertake to prepare for the depositing
stockholders a plan for the foregoing purposes. Any stockholder not
assenting to such plan, when formulated, will have the right to with
draw his deposited stock withont expense.
The committee consists of the following:
Chloago men—M a r s h a ll Field, N. B, Beam. John J. Mttobell, H. N.
Htggenbotham, J. H. Wrenn and Georae E . Adams. Eastern men—
Charles Steele of J. P. Morgan & Co.. Oakleigh Thorne of the North
A m e r ic a n Trust Co., W. G. Oakman, H. B. Hollins and R. B. Govin of
New York, and P. A. B. Widener of Philadelphia.
Mr. Govin is quoted as saying:
Chicago will be given the best, the most up to date street railway ser
vice In the world, as far as our interests are concerned. If the olty will
do Its part and protect the oompany In its Investments. The money
oan be obtained once the city makes us sure of our position. Under
ground trolley-system, subways, lowering the tunnels, new cars; yes,
everything that will make Chloago peerless in traotlon matters. We
will give much, but must have protection from the city In return. We
have made excellent headway. The business men of the city seem to
be with us in our effort to give the city suoh servloe as Chicago’s In
terests now demand.
Improvements aggregating at least $25,000,000, it is
claimed, are contemplated; preliminary steps are also being
taken looking to a consolidation of all the surface lines of
the city—all contingent upon the extension of the franchises
on favorable terms.—V. 76, p. 157.
Cincinnati Richmond * Mancie RR .—New Mortqage,—
A general mortgage has been made to the American Loan &
Trust Co. of Boston and the Union Trnst'.Co. of Indianapolis,
212
THE
CHRONICLE
as trustees, to secure $900,000 of 5p. c. $1,000 gold bonds,
dated Jan. 1, 1903, and due Jan. 1, 1951, but subject to call
in any amounts after Oct. 1, 1910, at 110; no sinking fund.
The interest is payable Jan. 1 and July 1. This issue follows
the first mortgage of 1900, which is limited to $10,000 per
mile. It is hoped to have the line from Cincinnati to Chicago
in operation within a few months.—V. 75, p. 1147.
Cleveland Elyria & Western Ry.—See Cleveland &
Southwestern Traction Co. below.—V. 75, p. 1301.
Cleveland & Southern Ry.—See Cleveland & Southwestern
Traction Co. below.—V. 75, p. 1086.
Cleveland & Southwestern Traction.—Consolidated.—
This company has been formed with $5,000,000 authorized
capital stock, of which a portion is preferred, by consolida
tion of the Cleveland Elyria & Western Electric Ry. and the
Cleveland & Southern Ry. Co., per plan of Dec. 9, 1902. (See
V. 75, p. 1253, 1301.) A. H. Pomeroy of Cleveland is President
of the consolidated company.
Concord & Montreal RR.—Proposed Purchase. —A bill has
been introduced in the New Hampshire Legislature to author
ize this company to purchase the Concord Street Railway,
and to issue stock and bonds to pay therefor.—V. 74, p. 727.
Concord (N.H.) Street Ry.—See Concord & Montreal RR.
above.—V. 78, p. 31.
Connecticut River RR.—Purchase Proposed.—A petition
has been sent to the Massachusetts Legislature asking author
ity lor the Co- necticut River RR Co. to purchase the Ver
mont Valley RR., which extends from Brattleboro to Bellows
Falls, Vt., 24 miles. The Connecticut River will assume the
$800,000 bonds of the Vermont Valley company, and will pro
bably issue new stock to effect the purchase of the property.
The stock of the Vermont Valley ($1,000,000) has for many
years paid dividends at the rate of 6 per cent per anunm,
Both roads belong to the Boston & Maine system.—V. 75, p.
1301.
Dayton Springfield & Urbana Electric Ry.—Bonds Of
fered.—See Urbana Bellefontaine & Northern Ry. below.—
V. 76, p. 157.
Daluth Missabe & Northern Ry .—Called Bonds.—First
consolidated mortgage bonds dated Jan. 1, 1893, to the
amount of $89,000, have been drawn and will be paid by the
Central Trust Co. on Feb. 1, 1933, at 105 per cent and inter
est, say $1,055 per bond.—V. 74, p. 205,
Fonda Johnstown & Hloversvllle RR.—New Securities.—
The New York State Railroad Commission has approved the
proposition to make a consolidated mortgagejfor $7,000,000 to
provide for the retirement of existing bonds and for improve ments and new construction; also to increase the stock from
$1,950,000 to $2,500,000.—V. 75, p. 1399.
Fort Worth & Rio Grande Ry.—See St. Louis San Fran
cisco & TexaSjRy. in V. 76, p. 159.—V. 73, p. 137.
Franchise Tax in New York.—Law Invalid.—At Albany
on Tuesday the Appellate Division of the Supreme Court,
Third Department, reversed the decision of Justice D. Cady
Herrick in the case of the Metropolitan Street Ry. Co. of this
city, and declared the Franchise Tax Law invalid because it
violates the home-rule provision of the State Constitution in
that it gives the State Board of Tax Commissioners the power
to make local assessments. The opinion was handed down
by Justice Parker and was concurred in by Justice Chase.
Justice Chase concurred in a separate opinion and Justices
Smith and Chester dissented. The decision, it seems, does
not affect the first section of the law declaring that franchise
rights can be assessed as real estate. Comptroller Grout is
quoted as saying:
[V ol. L X X Y I.
ticket for the election of officers, A. E. Cottier declining
to vote any of his own 5,500 shares or the 30,000 to 35,000 shares
for which he is said to have held proxies. Of the company’s
total of 808,000 shares, 482,397 were voted, electing the old
Board, except that Norman B, Ream of Chicago was
elected to the vacancy caused by the elevation of Mr. Thomas
to the presidency. A proposition that the incoming board be
requested to consider the question of paying a dividend was
met by President Thomas with the words of the impecunious
captain in the play of “ Richelieu.” “ ‘Most willingly, my
dear Cardinal. Will you lend me the money?’ The dis
cussion of a dividend at this meeting is simply impossible.”
It was accordingly voted “ That the directors of the company be
requested to resume the payment of dividends as soon as they
shall consider it safe and expedient to do so.” President
Thomas is also quoted as having said after the meeting, “ I
think the money expended by Mr. Walter was wisely and
judiciously spent, and with integrity, and I am only sorry
that he did not spend more.”—V. 76, p. 102.
Louisville & Nashville RR.—Hearing.—Tbe hearing on
the merger charges brought by the Kentucky Railroad Com
mission against the Louisville & Nashville RR and the
Atlantic Coast Line system, the Southern Railway and
associated lines, was held in this city last week, before the
Inter-State Commerce Commission, and was adjourned on
Jan. 16, sine die. Some interesting testimony was obtained
at the hearing from J. P. Morgan, George W. Perkins of
J. P. Morgan & Co , Angnst Belmont and others. Mr. Morgan
testified that his firm bought the 306,000 shares of L. & N.
stock solely to take them out of speonlative hands and Mr.
Perkins stated that the firm paid $130 a share for the 102,000
shares owned by Edwin Hawley and F. H Davis and $150 a
share for the 204,000 shares owned by Harris, Gates & Co.
See “ New York Sun” of Jan. 16 and Jan. 17. Mr. Gates has
asked for permission to state his side of the transaction.—V.
76, p. 158.
Macon (Ga.) Railway & Light Co.—Bonds Offered —J. Wm.
Middendorf & Co., of Baltimore, Md., John L, Williams &
Sons, of Richmond, Va., and the Savannah Trust Co., of Sa
vannah, Ga., are offering at 97J^ and interest $750,000 first
consolidated mortgage 5 per cent 50 year gold bonds, dated
Jan. 1, 1903, due JaD. 1, 1953. Interest payable Jan. 1 and
July 1 at the office of the company, in Macon, Ga.. or at the
office of the North American Trnst Co,, trustee, New York.
An advertisement says in part:
T h e o o m p a n y Is a c o n s o lid a tio n In to o n e c o r p o r a t io n o f th e M aoon
C on so lid a te d S tre e t R R . C o ., th e M a c o n E le o tr io L ig h t & R y . C o ., th e
M e tr o p o lita n S treet R R . C o. an d th e N orth & S ou th M a c o n S tr e e t R R .
C o ; it e m b r a c e s th e e n tire stre e t r a ilr o a d , e le c tr ic lig h tin g an d p o w e r
b u sin ess o f the c it y o f M acon . In th e c o n s o lid a t io n th e c h a r te r o f th e
M a oon C o n so lid a te d R R . w a s u tilize d a n d th e n a m e o f th a t c o m p a n y
c h a n g e d t o th e M a o o n R y . & L ig h t C o., a n d th e o th e r c o n s t itu e n t
c o m p a n ie s m erg ed in to it.
C ap ita l stook : P re fe rr e d , $ 3 0 0 ,0 0 0 ; c o m m o n , $ 9 0 0 ,0 0 0 . B on d ed
d e b i: F irs t c o n s o lid a t e d b on d s a u th oriz ed , $ 7 5 0 ,tO J , o f w h ic h h eld lu
tre a su ry , a lo n g w ith $ 1 7 ,3 0 0 p r e fe r r e d s t o c k an d $ 1 3 ,2 0 0 c o m m o n
s to ck , t o r e tir e $ 1 5 ,5 0 0 o u ts ta n d in g 6 p . o. b on d s o f th e M a oon E le c
t r ic L ig h t & R y . C o., $ 1 4 ,0 0 0 ; b a la n o e o u ts ta n d in g , $ 7 0 8 ,0 0 0 ; M a c o n
E le o tr io L ig h t & R a ilw a y C o. 6 p. o. b o n d s , $ 1 5 ,5 0 0 ; to ta l b o n d s o u t
sta n d in g , $ 7 5 1 ,5 0 0 .
Earnings for s ix m onths ending N ov. 30,1902: G ross earnings,
$57,595; n et earnings. $ 1 7 ,3 7 8 ; inter
est 6 m onths, $19,000; taxes, $3,896; balanoe, surplus, $24,467. The
n ew m anagem ent took charge o f the prop erty in July, 190 2, and the
im provem ents, betterm ents and extensions o f the property, costing
$150,000, are still in progress. W e estim ate that fo r the year 1903
the net earnings w ill be $35,000, w hich w ill b e m ore than tw ice the
fixed charges.
$ 1 0 1 ,9 7 3 ; operating expenses.
A s th e c it y w a s n o t m a d e a p a r ty t o th a t su it, a n d as w e k n o w th e
a ssessm en ts w e r e d u ly a u th o r iz e d b y th e B o a r d o f A ld e r m e n a n d a ll
th e lo c a l t a x in g p o w e r s , It Is a se rio u s q u e s tio n w h e th e r th e c o r p o r a
t io n s ca n a v o id th e se ta x e s le v ie d in 1 9 0 0 an d 19 01. M y o p in io n is
t h a t th e a ss e ssm e n ts are t o o lo w an d th a t th e y sh o u ld b e in c r e a s e d to
th e fu ll v a lu e o f th e fr a n c h is e r ig h ts o f th e c o m p a n ie s .
D ir e c to r s : W . W . M a ok a ll, P re s id e n t S a v a n u a h T r u s t C o.; J. H.
F a ll, V ic e -P re sid e n t F o u r th N a tio n a l B a n k , N a sh v ille , T en n .: H e r m a n
M y ers, P re s id e n t N a tio n a l B a n k o f S a v a n n a h , S a v a n n a h , G a .; R H.
P la n t, P re s id e n t F irs t N a tio n a l B a n k , M a o o n . G a.; 6. R J a q n e s . o f
J a q u e s & T in sley , M a oon , G a ; W . E . M o 3 a w , P re s id e n t M cC a w M an u
fa c t u r in g C o., M a c o n , G a.; A . H . R n t h e r fo o r d , o f J. W illia m M id d en
d o r f & C o., B a ltim o r e , M d.; M o rris H a p p , C a p ita list, M aoon , G a .; J. 8.
C ollin s, o f C o llin s, G r a y s o n & C o.. W h o le sa le M erch a n ts, 8 a v a u n a h ,
G a.; T. J. C a rlin g , M a c o n , G a ,; J. H H ertz, C h a irm a n B o a r d o f E d u
c a tio n . M a co n , G a ; H e n r y H o r n e . M a oon , G a ; J W . O ab an iss, P r e s i
d e n t E x c h a n g e B a n k , M a con , G a.; E . L. B eem is an d R . L a n c a s te r W il
lia m s, b o th o f J o h n L. W illia m s & S on s, R io h m o n d , V a .
See Financial Situation, page 174.—V. 75, p. 134.
Harriman & Northeastern Ry.— See Cincinnati New Or
leans & Texas Pacific Ry, in V. 76, p. 157.—V. 75, p. 1031.
Holyoke (Mass.) Street Ry.—Bonds.—The shareholders
on Jan. 20 authorized the directors to petition the State Rail
road Commission for authority to issue $265,000 bonds for
funding, etc.—V. 71, p. 809.
Internrban (Electric) Railway & Terminal Co., Cincin
nati, Ohio.—Bonds.—A mortgage has been made to the Cin
cinnati Trust Co. of Cincinnati, as trustee, to secure $2,500,000 of 5 p. c. gold bonds dated Jan. 1, 1903, and due Jan. 1,
1928, without right of earlier redemption; interest payable
quarterly from Jan. 1; denominations, $500 and $1,000 No
prior liens, we are informed, will remain outstanding, a por
tion of the issue being applied to tbe retirement of thej
existing bonds of the constituent companies. See V. 75,
p. 1031.
Jacksonville Electric Co.—First Dividend.—A dividend
of 3 per cent will be paid Feb. 2, to preferred stockholders of
record Jan. 20, 1903.—V. 75, p. 77.
Jamestown Chautauqua & Lake Erie Ry ,—Nexo President.
—L. B. Chase of New York succeeds as President W. A. C.
Ewen, who, however, remains as chairman of the board of
directors.—V. 72, p. 338.
Lehigh Valley RR.—Annual Meeting.—While the annual
meeting on Tuesday was enlivened by an unusual number of
remarks and queries, there was no opposition to the regular
The main facta regarding the company’s franchise were in
V. 75, p. 733.- V . 76, p. 102.
Manhattan [Elevated] Ry.,New York,—NeivStock—Option.
Stockholders of record Jan. 27 are offered the right to sub
scribe at par until 3 p . m . , Feb. 11, for $7,200,000 new stock
to an amount equal to 15 p. c. of their holdings. Each sub
scription mu3t be accompanied by a payment in New York
funds of 10 p. c. of the purchase price; the balance, 90 p. c.,
will be payable before 3 p , m . Feb. 26. The new stock will
be entitled to all dividends declared after its issue.
Settlement o f Tax Claims.—The litigation with the city
regarding the claims for taxes from 1895 to 1899, inclusive,
has been settled on the basis of a total valuation for each
of the five years of $20,000,000. The city attempted to col
lect on an average valuation of $29,200,000 yearly, and the
company stood out for a reduction to $10,494,000, with the
result mentioned. The company’s taxes for the five years,
1895-99, with interest figured to Feb. 1, 1903, aggregate un
der this compromise $1,078,416, a reduction of about onethird. From this sum there are to be deducted credit items
and taxes paid during the years named to a total of $325,802,
leaving a balance due of $752,614. A formal order sanction
ing this arrangement will be entered on consent and the pay
ment made on or about Feb. 1. The facts regarding the
settlement are confirmed at the office of the Corporation
Connsel. The company’s balance sheet of Sept. 30, 1902,
showed “ taxes in litigation $3,336,440.” Compare V. 71, p.
1120.—V. 76, p. 158.
J an u a r y 24, 1903.]
THE
CHRONICLE
Metropolltau Street By., New York.—Important Decision.
—See Franchise Tax Law above.—V. 76, p. 102.
Missouri Pacific By.—See St. Louis Iron Mountain &
Southern Ry. below.—V. 75, p. 1399.
New York New Haven & Hartford BE.—Option to Con
vert.—The holders of the $16,397,200 of 4 per cent deben
tures due in 1908 are reminded by circular that it will be
their privilege to exchange these debentures for capital stock,
dollar for dollar, as of April 1, 1903, according to their terms,
if presented to the office of the company in New Haven
before June 1,1903.—V. 76, p. 102.
Northern Securities Co.-D ivid en d —A quarterly divi
dend of
per cent was declared on Thursday, payable
Feb. 4, an increase of
per cent over the last payment,—
V. 76, p. 102.
Northern Texas Traction.—Bonds.—The first mortgage
to the Prudential Trust Co. of Cleveland, as trustee, secures
$2,500,000 of 5 p. c. $1,000 gold bonds, dated Jan. 1,1903, and
due Jan, 1, 1933. but subject to call from 1908 to 1913 as an
entire issue at 105. The interest i 3 payable Jan. 1 and July 1
at the office of the trustee in Cleveland or at the office of the
Guaranty Trust Co., New York. Of these bonds $1,000,000
ha3 been or is about to be issued.—Y. 75, p. 1355.
Oregon Short Line EB.—Improved Position of Bonds.—
Holders of the “ four per cent and participating” bonds,
of which $31,000,000 were sold last year, secured by the de
posit of a like amount of Northern Securities stock as col
lateral, are entitled to receive yearly on Feb. 1, beginning in
1904, in addition to their fixed interest at the rate of 4 per
cent per annum a pro rata share of any amount by which
the dividend on the collateral shall exceed 4 per cent upon
the bonds during the preceding calendar year. The North
ern Securities Co. this week declared a quarterly dividend of
\y% per cent. (See trust deed V. 75, p. 243.)—V. 75, p. 1148.
Ozark & Cherokee Central By.—Meeting.—The share
holders will vote March 14 on the following propositions:
T o e x te n d th e c o m p a n y ’ s lin e fr o m F a y e tte v ille a o r o ss W a s h in g to n
C o u n ty , A r k ., e a ste r ly to J a s p e r , N e w to n C o u n ty , A rk .
T o c o n s t r u c t a raU road fr o m M u sk o g e e to F o r t S m ith , A rk .
T o c o n s t r u c t a b r a n ch r a ilr o a d fr o m F o r t G ib s o n , I . T . , l n a n o r t h
e a ste r ly d ir e c tio n to J o p lin , M o.
T o a c q u ire b y lea se, p u r ch a s e o r o th e r w is e th e M u sk o g e e C ity
b rid g e a oross th e A rk a n s a s K lv e r b e t w e e n F o r t G ib s o n an d M u sk o g e e .
T o a c q u ire b y lease, p u r ch a s e o r o th e r w ise a ll the r ig h ts , p r iv ile g e s ,
p ro p e r ty an d fr a n ch is e s o f th e S h a w n e e j O k la h o m a & M isso u r i C oal
& R a ilw a y C o.. In clu d in g Its e x is t in g lin e o f r a ilr o a d e x t e n d in g fr o m
M u sk og ee to O k m u lg e e . I. T .
T o e x te n d th e O zark R a ilr o a d fr o m the o ity o f M u sk o g e e to S h a w n ee,
Oklahom a.*
T o am en d th e ch a rte r a n d in o r e a s e th e c a p ita l s t o c k o f th e O z a rk &
C h erok ee C en tra l R R . C o. an d t o in o r e a s e Its b o n d e d In d e b te d n e ss.
Compare official statement in V. 76, p. 102.
Pennsylvania BE.—Dented.—Vice-President John P.
Green informs ns that there is no truth in the report that “ an
agreement has been reached between the Grand Trank and
the Pennsylvania system by which the Pennsylvania will
come into Detroit over the Detroit & Toledo Shore Line, re
cently acquired by the Grand Trunk, and the Grand Trunk
will reach New York over the Pennsylvania tracks from
Buffalo.”
Loan.—The “ New York News Bureau” said yesterday:
“ We understand that the Pennsylvania Railroad Co. has
effected a loan in this market of $35,000,000 for six months at
4% percent, with the privilege of one renewal for six months.”
—V. 76, p. 159.
Pere Marquette RB.—New Line —The company opened on
Jan. 14 its new through route over the Lake Erie & Detroit
River RR, via Port Huron. For the present only freight
trains will be run, but later it is expected that passenger
trains as well will be ferried across the river. The official
notice says:
T h e P e re M a rq u e tte sy s te m has o p e n e d its th r o u g h lin e th is d a y an d
is n o w re a d y to r e c e iv e a ll fr e ig h t an d a lso e m p ty c a r s c o n s ig n e d to
the P ere M a rq u e tte sy ste m , at B u ffa lo an d S u sp e n sio n B r id g e , c o n
signed v ia M ich ig a n C en tra l R R ., 8t. T h o m a s an d P e re M a rq u e tte s y s
tem . B u ffa lo o ffice s in P ru d e n tia l B u ild in g .
Purchase Approved.—A t a meeting on Jan, 20 the share
holders approved the purchase of the capital stock ($1,400,
000) of the Lake Erie & Detroit River RR. (V. 75, p. 1302.)
Bonds.—The new collateral trust gold bonds secured by
deposit of the stock of the Lake Erie & Detroit River RR. are
dated Jan. 1, 1903, and are due Jan. 1, 1923. The issue is
limited to $2,870,000. The interest is 3 per cent per annum
until Dec. 1, 1905, and thereafter 4 per cent till maturity,
payable June 1 and Dec. 1, in bt. Louis, at the St. LouisUnion Trust Co. (See V. 75, p. 1302.)
The several issues of bonds of the Lake Erie & Detroit
River RR, Co. have been consolidated into one first mortgage
issne, consisting of $3,000,000of 5 per cent $1,000 gold bonds,
dated Aug. 1, 1902, and doe Aug. 1,1932, interest payable
Feb. 1 and Aug. 1, at Toronto or New York, by the Cana
dian Bank of Commerce.
The outstanding issue of Pere Marquette consol. 4s of 1901
has been increased from $2,500,000 to $4,605,000.— 7.76, p
18.
R lanciko (Va.) Railway & Electric Co.—Change in Con
trol —A Philadelphia syndicate has purohased all the $200,000 stock of this company and a large block of the bonds, and
has elected the following officers: President, R. D. Apperson,
Lynchburg, Va.; Vice-President, Charles R. Miller, Treas
urer of the Philadelphia Mortgage & Trust Co., Philadelphia;
Secretary-Treasurer, F. H. Shelton, Philadelphia; General
Manager, J. W. Hancock, Roanoke, Va. It is not proposed
213
to change the name of the company. Later the capital stock
will probably be increased and a consolidated mortgage will
be made to retire the income bonds and provide tor various
additions and improvements, including the establishment of
an amusement park, the purchase of new rolling stock, etc.
—V. 72, p. 184.
St. Louis Iron Mountain & Southern B y.— The share
holders voted on Jan. 22, (1) to make a new bond issue
for $ 10,000,000, ( 2) to increase the capital stock by a like
amount to conform with the State law and (3) to buy
the property of the White River Ry. Co. This last-named
company (see V. 75, p. 932,) is building a line from Batesville,
Ark., to Carthage, Mo., a distance of about 245 miles; its
authorized issue of capital stock was recently increased from
$1,950,000 to $3,810,000. The meeting was postponed from
Dec. 29.—V. 75, p. 982.
Salt Lake & Suburban B y . — New Enterprise.—This com
pany has been organized with a liberal franchise to build a
trolley road from the heart of Salt Lake City to Murray,
Bingham Junction, Sandy, Union, Holliday, Taylorsville and
Mill Creek Canyon, with privileges of passenger, express and
freight traffic. Its capital stock is $500,000 and 5 p. c. gold
bonds, running 85 years, will be issued for $1,200,000, or
about $30,000 per mile. Forcy-two miles of line have been
surveyed, to which will be added later eight or ten miles
more. Construction will be commenced early in the spring.
The following information is famished:
T h e la r g e s t s o u rc e o f r e v e n u e is e x p e o t e d to b e th e h a u lin g o f lim e
s to n e fro m s e v e r a l q u a r rie s on t h e lin e to th e la r g e s m e lte r s a t S a lt
L a k e C ity , M a rra y a n d B in g h a m J u n c tio n . F o r th is p u r p o s e th e r o a d
w ill b e e q u ip p e d w ith 2 6 -to n e le c t r ic lo o o m o t iv e s a n d su ita b le fr e ig h t
oars. T h e p a sse n g e r e q u ip m e n t w ill b e o f t h e b e st. T w o o r th ree e x
is tin g su m m er re so r ts a re o n th e p r o p o s e d lin e , an d th e c o m p a n y p r o
p o s e s to d e v e lo p o n e o r t w o m o re o f s p e c ia l a ttr a c t iv e n e s s in M ill
Creek an d C o tt o n w o o d C a n y o n s, w h e re p a r tie s Id en tified w ith th e e n
te rp r is e o w n la r g e tr a c ts o f a p lo tu re e q u e a n d r o m a n t ic c h a r a c t e r .
T h e e stim a ted oo st o f p r o je o te d lin e s Is a b o u t $800,000; a n n u a l g r o ss
e a rn in g s $300,<00.
T h e olHoers are: P r e s id e n t. C h a rles L. F u r y , V ic e -P r e s id e n t o f th e
A m e r ic a n G u a ra n ty O o., C h loa g o; V ic e -P r e s id e n t, L W . P itc h e r , S e c
r e ta ry o f th e A m e r ic a n G u a ra n ty C o.; 2d V ic e P re s id e n t an d G e n e ra l
C ou n sel, A . V . T a y lo r o f S alt L a k e C ity ; T re a su r e r , G e o r g e M. C a n n o n ,
C a sh ier o f Z ion S a v in g s B a n k <fe T ru s t C o., S a lt L a k e C ity .
Savannah & Statesboro RR.— Mortgage.— The mortgage
securing the $500,000 five per cent fifty-year bonds is made
to the Savannah Trust Co. as trustee.—V. 75, p. 1401.
Seaboard Air Line By .—Purchase Abandoned,—See South
& Western RR. below.—V. 75, p. 907.
Southern Indiana By.—Extension o f Road.—On Jan. 19
tbe shareholders authorized the extension of the road from
Elnora, in Daviess County, to Evansville, a distance of about
75 miles. This will give the company a through line from
Terre Haute to Evansville, only 9 miles longer than the
Evansville & Terre Haute. A belt line around Terre Haute
will also be built.—V. 75, p. 237.
Southern By.— Equipment Notes Offered.—Blair & Co. are
offering, at prices to net 4% p. c., $3,200,000 of 4 per cent gold
equipmsnt notes, direct obligation of the Southern Ry. Co.,
and issued under an agreement with Blair & Co., as trustee,
providing for the purchase of equipment to the amount of
$4,144,396, of which $944,396 is paid in cash and $3,200,000 in
these notes. The notes are dated Dec. 1, 1902, are in coupon
form, in denomination of $1,000 each, and mature in instal
ments, viz.: $223,000 on Jane 1, 1903, $229,000 thereafter
semi-annually to Dec. 1, 1909. The title to all of the equip
ment remains with the trustee as security for the notes until
all cf the notes have been paid.—V. 76, p. 159.
Sonth & Western Ry.— Negotiations off with Seaboard A ir
Line Ry.—We have official confirmation of the report that
all negotiations between the underwriting syndicate headed
by the Union Trust Co. of Baltimore and the Seaboard Air
Lice Ry. Co. regarding this property are at end. The syndi
cate, however, is not prepared to state what it proposes to do
with the property. Besides the railroad of 41 miles in opera
tion and 80 miles graded, the syndicate controls the Crane’s
Nest Coal Co., which owns extensive tracts of coal and min
eral lands in Wise County and elsewhere Jn Southwest Vir
ginia (V. 75, p. 908). It is suggested that if a deal is not ef
fected with some other company, the extension of the railroad
through the coal fields to a connection with other lines and
possibly to tidewater may be carried through as an indepen
dent undertaking. Compare V. 75, p. 291.
Troy & Tiptonvllle RB.—Sale Ftb. 25.—Felix W. Moore
and John E. Wells, substituted trustees under the indenture
dated Feb. 29th, 1888, will sell at public auction at Memphis,
Tenn.,on Feb. 25, the railroad of this company extending
from Rives in Obion County, Tenn., to Tiptonville in Lake
County, a distance of
miles, with all appurtenances, etc.
The Illinois Central RR. owns $23,OCO of the $46,000 capital
stock and a majority of the $46,000 bonds.
United Railways & Electric Co.— Guaranteed Bonds —
See Baltimore Sparrows Point & Chesapeake Ry. above.—
V. 76, p. 160.
Urbana Bellefontaine Sc Northern Ry. of Ohio.—Bonds
O ffered . —Ristine & Conklin of Philadelphia are offering at
102 and interest $88,000 of this company’s $500,000 first mort
gage sinking fund 5 per cent gold bonds; principal and inter
est guaranteed by the Dayton Springfield & Urbana Electric
Ry. Co.: interest payable Feb. 1 and Aug. 1 at the Conti
nental Trust Co. of New York City, the mortgage trustee.
The stock of the Urbana Bellefontaine & Northern ($500,000)
is practically all owned by, and its road is leased to, the Day
214
THE
CHRONICLE
[VOL. L X X V I.
ton Springfield & Urbana Electric Ry. Co. See V. 76, p. 157.
—V. 75, p. 907.
Vermont Valley RR.—Sale.—See Connecticut River RR,
above.—V. 65, p. 867.
Wabash RR.—Time Extended.—The time to make ex
changee of the underlying bonds for the first mortgage 5s,
due May 1, 1939, on the terms stated in V. 75, p. 1033, has
been extended to April 1. 1903, interest to be debited and
credited to Jan. 1, 1903.—V. 75, p. 1204.
Washington Water Power Co., Spokane, Wash.—Bonds
Offered—Earnings.—Moffat & White of this city are offering
at 107% and interest a block of the consolidated mortgage
and collateral trust 5 p. c. gold bonds due July 1, 1929.
These bonds, it is stated, cover as a direct first lien:
Curled Fibre Manufacturing Co. of Delaware. The American
Grass Products Co. is controlled by the American Grass
Twine Co. through the ownership of a majority of the stock,
but the latter company does not guarantee the bonds. These
last are believed to be subject to call. See V. 75, p. 187.
American Grass Twine Co.—Mortgage o f Subsidiary Coni'
pany.—See American Grass Products Co, above.—V. 76, p. 49.
American Linseed Co.—See United Lead Co. below.—V.
76, p. 104.
Associated Oil Co., California.—Bonds—Status.—The
mortgage recently filed to the Union Trust Co. of San Fran
cisco, as trustee, secures $5,000,000 of 5 p. c. $1,000 gold bonds,
dated Aug. 1, 1902, and due Aug. 1, 1922, interest payable
Feb. 1 and Aug. 1; sinking fund, 5 p. c. of outstanding bonds
Btreet railway system, 34 miles; electric lighting plant, which does annually from July 1, 1904; outstanding, $1,703,153. Author
the entire electric llehtlng business of Spokane; “ practically all of the ized capital stock, $40,009,000 in one-dollar shares, all com
water power at Spokane and vicinity, amounting at the lowest known mon; outstanding, $18,423,051, fully paid. The mortgage
stage of water to about 40,000 horse power;” the hundred-mile
power-transmission line to be completed next July to the Cceur covers, subject to no prior liens, between five thousand and
d’Alene sliver lead mines. The oost of this line, about $475,000, was six thousand acres of productive oil lands, practically all in
met by the sale o f new stook.
fee, but a small portion controlled by ownership of more
Earnings.—For the year ending Nov. 30,1902, gross, $626,- than two-thirds of the stock of other corporations.
297; net, $284,412; deduct: depreciation of plant, $40,000; in
An official statement to the Chronicle says:
terest on $1,600,000 5 p. c. bonds, $30,000; balance for divi
We own about 60 p. o. of the territory of the Kern River district
dends, $164,412, Quarterly dividends were paid in 1902 at and about 90 p. o. of the MoKittriek district. We own 200 wells,
about 50 p. o. of the wells in Kern River district and about 90
the rate of 5 p. c. per annum, and in January, 1903, at the being
p. c. o f the wells in the MoKittriek district. Our total daily aggregate
rate of 6 p. c. Amount of stock now issued $2,248,200.—V. output
is 12,500 barrels. The acreage owned and controlled aggre
75, p. 1255.
gates 5,490 aores. The surveys for the pipe line have extended from
Kern River district and MoKittriek dlstrlot to Port Harford and other
Wheeling (W. Va.) Traction.—Dividend,—The company points in that vioinlty. The time for the oonstruotion of pipe line is
not yet determined. The proceeds of the bonds will be applied [in
paid its first dividend, 1 per cent, on Jan. 10.—V. 75, p. 667.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Alabama Steel & Wire Corporation, Gadsden, Ala.—Fur
ther Facts.—This company’s capital stock consists of $2,500.000 of common stock and $2,500,000 of preferred stock. 7 per
cent, cumulative, all in $100 shares. To Jan. 13 only 80 p. c.
of the stock subscription had been called for and this
was to be used for the purpose of acquiring the stock of the
older company. The remaining 20 p. c. will be issued later,
for a similar purpose. There are no bonds issued by either
company. The $696,300 each of common and preferred stock
of the Alabama Steel & Wire Co. thus to be acquired are the
entire outstanding issues of that company.—V. 76, p. 104.
American Alkali Go.—Petition Denied.—Judge Kirkpat
rick, in the United States Circuit Court at Trenton, N. J.,
on Jan. 19 denied the petition of W. S. Campbell, Pedro G.
Salom and H. E Kohn, representing preferred stockholders,
for an annulment of the order requiring the receivers to col
lect the assessment made by the directors in September,
1901. See Y. 75, p. 1401.
American Bank Note Co.—New Officers.—See first page of
advertisements; also page 186.
American De Forest Wireless Telegraph Co.—Status —
This company has acquired from the De Forest Wireless
Telegraph Co. (V. 75, p, 500) the American rights of the
Pe Forest system of wireless telegraphy, including the terri
tory of Cuba Porto Rico, Philippines, Hawaiian and Aleutian
Islands. The authorized stock is $5,000,000 in $10 shares,
of which $500,000 is 7 p. c. preferred cumulative, par
ticipating to the extent of 10 p. c. in distributed earnings.
An official statement says:
Three United Btates patents have been granted, covering 120
claims. They also control patent ooverlng the system of electrical
synton in» ented by Lieut Com. W. 8. Hogg, U. 8. N., whloh prevents
the interference of simultaneous messages. The De Forest system
has been adopted by the U. 8. Army and U. 8. Signal Corps, and the
U. S.|Navy Department has just concluded aiseries of tests in which
this system met every requirement successfully. Several Government
forts in New York harbor and along the southern coast of New Eng
land have been equipped with De Forest aoparatns, namely Fort
Hancock, Fort Wadsworth, Fort Mansfield and Fort Wotherlll.
The company has stations in operation at Coney Island, Staten
Island and Che»ebrongh Building, New York City. The 8. 8. “ U. S.
Warden” (New York Harbor) is also equipped. The Navy Dept, has
purchased equipment for two stations. Stations are now under con
struction or contracted for at Montauk Point, Cape Hatteras, Key
West, Havana, Cuba: Porto Rico, San Franoisoo, Hawaii and the
Philippines. Contraot has just been closed for equipment of stations
for the United Frnlt Co. ot Boston, New York and Central America,
which owns 72 vessels and a large number of plantations; also with the
“ Providence Journal” for stations at Newport and Block Island.
New York office, 100 Broadway. See also V. 75, p. 1402.
American District Telegraph Co., New York.—-Earnings.
—The report for the year ended Dec. 31, 1902, shows: Total
revenue $610,043, a decrease of $14,150 compared with 1901;
net $96,866, an increase of $8,218; dividend (2 p. c.) $76,886, a
decrease of $19,221; balance surplus $19,980. Total surplus
Dec. 31, 1902, $98,710.—V. 74, p. 885.
American Glue Co.—New Directors.—The following were
recently added to the board; Eugene P. Carver (company’s
counsel), Francis C. Lowthrop, Z. T. Hollingsworth and B.
L. M. Tower.—V. 75, p. 1204.
American Grass Products Co.—Mortgage.—A mortgage has
been filed to the Continental Trust Co., of New York City, as
trustee, to secure $600,000 of ten-year 6 per cent $1,000 gold
bonds. The proceeds are to be used in the construction of
the new plant at Glendale, L. I., for manufacturing mattings,
floor and wall coverings and furniture from fibrous
grasses. The mortgage, it is stated, covers about 20 acres of
land at Glendale, and the entire plant and other property;
also the entire capital stock of the American Furniture &
Manufacturing Co. of New Jersey, and 3,300 shares of the
part] to the construction of pipe line, tankage and other transporta
tion facilities. Stook and bonds have been issued in payment for the
greater part of the properties acquired. We control the Union L a n d
& Oil Co. of Georgia bv ownership of more than two-thtrds of its cap
ital stook. We have not paid any dividends as yet. We have been in
business but one year, and have paid for equipment, tankage, dis
tributing plant, barges, lands, development, and other permanent in
vestments over $500,000.
Directors (and officers): C A. Canfield (President); Win. G. Kerokhofl (First Vice-President), W. A. Jacobs (Second Vice-President), O.
Scribner (Secretary), W. F. Chandler. Burton E. Green, W. 8. Porter,
B. F. Brooks, Henry Aoh, Frank H. Buck and J. A. Chanslor.
Nevada National Bank of San Francisco is the depositary,
- Y . 75. p. 1149.
American (Bell) Telephone & Telegraph Co —Decision.—
The United States Circuit Court of Appeals at Boston on Jan.
16 handed down a decision sustaining the validity of the Ber
liner patent, but holding that the National Telephone Mfg.
Co. is not guilty of its infriugement. To avoid the objection
of excessive breadth the claims of the patent, it is held, must
be limited to metallic electrodes, whereas it was the carbon
electrodes of Edison and Hughes’ microphone discovery
which solved the problem of transmitting speech for loDg
distances; both of which discoveries are embodied in the de
fendants’ transmitters. President Fish is not prepared to say
whether the case will be carried to the Supreme Court.—V.
76, p. 160.
Automobile Company of America.— Vice-Chancellor,
Stevens on Jan. 13 authorized Receiver Cryer to pay a .fur
ther dividend of 5 per cent to creditors. Compare V.76, p. 49.
British Columbia Copper Co.—A'em Stock.—The share
holders will vote at Charleston, \V. Va., on Feb. 10 next on
Increasing the capital stock from $1,250,000 to $2,000,000; par
value of shares $5.—V. 73, p. 664.
California Gas & Electric Corporation.—Option Exer
cised.—This company has notified the First National Bank of
San Francisco that on March 16 it will exercise its option to
purchase the stock of the Oakland Gas Light & Heat Co.,
deposited under offer of last May to pay for the same $70 per
$100 share and the cost of any betterments or additional sup
plies during the interval. A large majority of the $3,000,000
stock is reported as deposited. Compare V. 74, p. 991.—V. 75,
p. 1356.
Capital Coal & Iron Co., Nashville, Tenn.—Status.—
This company, of recent organization, owns 21,000 acres of
land in the Sequatchie Valley, Tenn., containing, it is stated,
a superior quality of both steam and coking coal. Some of
the mines have been worked in past years with profitable re
sults. The new company is vigorously prosecuting the fur
ther development of the property. The authorized capital
stock is $600,000; bonds authorized, $600,000 of 85-year 6 per
cents. Governor Benton McMillan of Nashville is the
President; Hon. J, H. McMillan (ex-Senator), the VicePresident, and President W. W. Berry of the American Na
tional Bank of Nashville is the Treasurer.
Citizens’ Electric Light & Power Co. of East St. Louis.
—New Stock.—This company has certified to an increase of
capital stock from $25,000 to $250,000.—V. 75, p. 187.
City of Chicago Brewing & Malting Go.—Readjustment
Plan.—A circular setting forth in detail the plan for con
verting the $3,166,000 of 6 p. c. bonds of the Chicago Consol
idated Brewing & Malting Co. into 5 per cents will be issued
within two or three weeks. Holders of about $2,500,000 of
the issue have already assented.—V. 75, p. 1356.
Colorado Fuel & Iron Co.—Earnings.—The report for the
year ended June 30, 1902, shows :
,------- Qrost.-------Fear end’ g June 3 0 - 1902.
1901.
Fuel department....$6,683,952 $5,589,353
Iron departm ent.... 6,873,052
6,266,877
Retail dep’m’nt, eto..
303,591
390,316
,---------- Net---------->
1902.
1901.
$960,100
$969,233
1,014,955
1,333,088
28,034
39,738
Total.................. $13,860,595 $12,216,546 $2,003,089 $2,342,05»
Bal. to lno. aeo’ t alt. deduet’g gen. expenses. $1,801,925 $2,142,671
J a n u a r y 24, 1903.J
THE
CHRONICLE
Add for year 1901-02: Incom e from eeourities, $45,792 (against
$67,851 in 1900 01) and net oredlt from interest and exchange, $185,3 9 5 ; total net income, $2,033,111
Dednot: Interest, $7 16 ,8 39 ;
taxes, $111,156; sinking fund, etc , $513,284; div. on pref. (8 p. o.),
$160,000; balance, $531,832.—Y. 76, p. 161.
Commercial Cable Co.—New Stock—Option,—The direc
tors on Tuesday voted to issue $1,666,700 of treasury stock,
thus raising the outstanding share capital to $15,000,000.
Stockholders of record Feb. 20 will be allowed to subscribe
to the new stock at par to the extent of one new share for
every eight shares held by them respectively.
The directors also deolded to call a meeting of the stock
holders for March 2 to vote on a proposition to Increase the
authorized capital stock from $15,000,000 to $25,000,000. A
director is quoted as saying: “ We have decided to ask the
stockholders to authorize this new stock so that we may hold
it in the treasury to issue as we deem necessary.” It is sup
posed that a portion of the proceeds of the new shares will be
used to meet the cost of the Pacific cable. See V. 76, p. 50.
215
interest payable semi-annually and starting Jan. 1, 1903. An
advertisement says:
Interest and sinking fund guaranteed by the olty. which guaranty
is on each bond, signed and sealed by the olty, by Its Mayor and Becorder, duly authorized by ordinance. This guaranty Is to the amount
of hydrant rental, which Is protected by a levy of a special water tax
on all the taxable property In the city limits. Assessed valuation for
1902 was $1,231,000.
Great Northern Paper Co.—Dividend.—A dividend of 3
per cent has been declared on the $5,000,000 capital stock,
payable March 2, 1903, to stockholders of record, Feb. .23.
—Compare V. 75, p. 1034.
Illinois Brick Co.—Proxies,—A. C. Bartlett of Hibbard,
Spencer, Bartlett & Co.; F. W. Clark, President of Clark
Construction Co., and Newell C. Knight of Knight, Donnel
ley & Co , all of Chicago, request common and preferred
shareholders who wish the committee to act for them to ob
tain proxies of Newell C. Knight, 217 LaSalle St., Chicago.
—V. 75, p. 983.
International Steam Pump Co.— Debentures.— The deben
Consolidated Lake Saperlor Co.— Loan—New Officers.—
The following official statement was issued on Jan. 16, after ture bonds recently authorized are $ 1,00® gold 6 per cents,
dated Jan. 1, 1903. They are due Jan. 1, 1913, but are sub
a meeting of the board of directors:
A ll of tbe details relating to the loan o f $3,500,000 to the com pany ject to call on or after Jan. 1, 1908, in any amounts, at 105
by Speyer & Oo. o f New York were finally disposed of, and this sum of and interest; they are also convertible into common stock at
money becomes Immediately available for the use o f the oompany and any time, $ for $, at option of holders; interest payable Jan.
will be sufficient to cover all of Its present needs.
The arrangement o f a permanent loan for a larger amount, in order 1 and July 1 at the office of the Colonial Trust Co. Total
to provide for the com pletion o f all the enterprises that have been authorized issue, $3,500,000; present iesue, $2,500,000. No
undertaken by the oompany, Is left for future consideration, and plans prior liens are outstanding and no mortgage is to be created
to this end w ill be worked out by the board o f directors In the near without including the debentures. The circular to the share
future.
Because of the duties devolving upon him as Vice-President, T. C. holders regarding the issue says:
Search resigned the office of Treasurer o f the Consolidated Lake
Superior Oo. and its subsidiary corporations, and J. Parke Hood,
formerly Treasurer of the Choctaw Oklahoma & Gulf S R ., was elected
to suoceed him as Treasurer of all the companies.
T. DeWltt Cuyler, who was reoently elected a director, tendered his
resignation because of his Inability to devote sufficient time to the
affairs o f the com pany while aotiDg as oounsel for Speyer & Oo., and
Gordon A bbott, President of the Old Colony Trust Co. of Boston, was
elected a director to suooeed him. -V . 76, p. 50.
Continental Coal Co.— First Dividend. —A first dividend,
2
P> 0.,'has been declared.
See V. 75, p. 983.
De Forest W ireless Telegraph Co.— Stock Offered.—This
company, incorporated in Maine some months ago with
$3,000,000 stock in $10 shares as the parent organization of the
De Forest system, wa9 recently offering a block of its stock
at $7 a share. See American De Forest Wireless Telegraph
Co. below. V. 75, p. 500.
Detroit Edison Co.— New Company.—A. New York charter
was filed this week for the Detroit E iison Co. The company
has an authorized capitalization of $10,000,000common stock
(in $100 shares) and a like amount of bonds. Only a portion
of the stock and $3,000,000 of the bonds will be issued at
present. The bonds bear date Jan. 1, 1903, and mature Jan.
1, 1933: interest 5 per cent, Jan. and July.
The Detroit Edison Co. has acquired all the stock of the
Edison Illuminating Co. and the Peninsula Electric Light
Co. It will erect a large plant just outside the city of
Detroit, and will furnish power for manufacturing purposes.
The company is controlled by the North American Co. Its
officers are; President, C. W. Wetmore; Secretary, S. W.
Burt; Treasurer, Gh R. Sheldon. Compare V. 75, p. 983.
Dominion Iron & Steel Co.— Earnings.—The following
statement covering the seven months ending Nov. 30, 1902,
was given out at a meeting at Montreal on Jan. 15:
Earnings ooal department, nine m onths................................ $1,821,673
Earnings steel department, seven m onths.............................
265,036
T ota l........................................................................................... $2,086,709
Bond interest, seven m onths.................................. $232,268
General Interest, seven m on th s............................
103,354
Ooal lease, nine months............................................ 1,200,000
Sinking fund, seven m onths....................................
29,167
T otal...........................................................................................
1,564,789
Net earnings....................................................................................
Preferred stook dividend, seven m onths..................................
$521,920
204,167
Surplus..............................................................................................
$317,753
Plants, Floating Debt, etc.—The “ Boston News Bureau ”
says:
P lants. —W hen the plan for a rail m ill at Sydney to cost $600,000
and to have a oapaolty o f 3,000 tons of steel rails per day was aban
doned, last month, the directors decided to ereot a email steel rail mill
with a oapaolty o f 400 tons per day, sufficient to take oare o f the Can
adian trade, and to build three additional mills, one for plates, one for
angle bars and one for wire rods. These four mills w ill cost com plete
$630,000, or but $30,000 in excess o f the oost o f the 3.000-ton rail
mill originally proposed. It is expeoted that some of the new mills
will be completed by May.
F loating D ebt —Dominion Iron & Steel people say that the liquid
assets of the Dominion Iron & Sreel Co. and the Dominion Coal Co.
are more than sufficient to pay off the floating debt o f the Dominion
Iron & Steel Co. of $3,500,000. They claim that this debt represents
the total working capital o f the two oompanies.
Saving on Co a l —With a suspension o f our duty on ooal the D o
minion Coal Co. w ill benefit to the extent of 15 cents per ton on all
oulrn shipped to the Everett works of the Massachusetts Gas Com
panies. (8ee contract, V. 76, p. 1256). It w ill benefit more largely,
however, by the removal of the 67 oents per ton duty on ooal. In the
flsoal year 1902-8 the Dominion Coal Co. w ill have shipped 300,000
tons of coal to the United States other than to the Everett works.
President Ross, it is stated, denies that there is any trouble
with the company’s iron ore.—Y. 75, p. 1402.
Eastern Paving Brick Co.— Sale Feb. 16.—The propertyiis
advertised to be sold at Catskill, N. Y., on Feb. 16 under
foreclosure of mortgage of Jan. 9, 1900.
Grand River W ater Co., Wagoner, I. T.— Bonds Offered.—
Rees & Rees, Fayetteville, Ark., are offering $180,000 5 p. c.
15-25-year first mortgage gold bonds issued by this company;
The grow th of the business has so far exceeded expectations that It
has becom e necessary to greatly enlarge and concentrate its existing
plant and to build new factories to meet the changed conditions and
provide for further extensions. The volum e o f business for the year
ended Oot. 31, 1902, Is about double the am ount o f business o f the
constituent concerns for the year ended at the form ation of the oom
pany. On Oot. 31, 1902, there were $1,686,067 of orders in hand. The
net profits for the three years have averaged 6-95 per cent on the oommon stook over and above all fixed charges and contributions to the
sinking fund, and after allow ing, am ply for depreciation. A traot of
land has been purchased and work begun on a plant at Harrison, N. J „
which will be by far tbe largest pump works in the world. The works
of the Snow Company at Buffalo are being changed and enlarged with
the view of concentrating a large part o f the water-works business at
that point, and the capacity o f the Blake F actory Is also being Increased
by the erection of a new factory and equipment. For these purposes,
as well as to provide funds to pay for Improvements already made,
for whioh the company has tem porarily borrowed about$700,000, the
directors have authorized an issue of $3,500,000 debentures. It Is in
tended to issue not exceeding $2,500,000 of these debentures at this
time and then only from time to time as the money Is needed. This
amount of{ $2,500,000 has been underwritten at the prloe to the com
pany of par and interest less one and one-half per cent ( l 1^ p. o.) com
mission, subjeot to the right o f the stockholders to subscribe for their
proportion of these debentures at par.—V. 76, p. 106.
Laclede Gas L ight Co., St. Louis.— New Stock.—The share
holders at the animal meeting on Tuesday adopted the propo
sition to increase the authorized capital stock from $11,000,000 to $t2,000,000 by the creation of additional common
stock. The new stock will be shortly offered to the stock
holders and the proceeds need for extensions and improve
ments. The directors and officers were re-elected.—Y. 75, p.
1402,
Lowell ( Mass ) Electric Light Corporation.— New Stock .—
This company has filed a certificate of increase of capital
stock from $400,000 to $600,000. On June 30, 1901, there
were $156,000 bonds outstanding.—V. 71, p. 289.
Manchester (N. H ) M ills Corporation.—New Stock. —A p
plication has been made to the New Hampshire Legislature
for authority to issue $2,000,000 additional stock, making the
total share capital $4,000,000, par of shares $100.
Marconi W ireless Telegraph Co. o f Am erica.— TransAtlantic Message from United States,—Mr. Marconi on Jan.
19, at an unexpected moment, transmitted a message of
greeting from President Roosevelt to King Edward direct
from the station at Wellsfleet, Mass., to the one at Poldho,
Cornwall, England, a distance of 3,000 miles, 600 miles further
than ever before covered by wireless messages.—V. 75, p. 1402.
Monongahela River Consolidated Coal & Coke
Co.—
Earnings —The results for the year ended Oct. 31,1902, com
pare as follow s:
Fiscal
year.
Net
Repairs, etc. Interest) Sink, f und Dividends, Balance
profits, of river craft, on bonds, (royalty). 7%onpref. surplus
1 9 0 1 -0 2 .......... $2,6 53 ,8 0 8
1 9 0 0 -0 1 .......... 2,66.1,305
—V.75, p. 983.
$ 77 1 ,9 0 5
623,764
$568,740
6 79 ,06 0
$433,127
4 02 ,50 0
$ 70 0 ,0 0 0
696 .60 5
$160,033
861 ,87 3
National Lead Co.— See United Lead Co. below.—V. 76,
p. 162.
Pacific Packing & Navigation Co.— Sale.—This company,
owning a piece of water front property in San Francisco
which it could not utilize in its business, recently sold the
same to the Union Oil Co. of 8 an Francisco for $250,000.
The Union Oil Co. paid $50,000 in cash and gave notes for
$100,000 payable in two years and $ 100,000 payable in three
years, with interest; and to secure these notes gave a mort
gage on the property. The property of the Pacific Packing
& Navigation Co. is entirely unencumbered. The bond issue
consists of $1,500,000 of 20-year 5 p. c. gold debentures, no
mortgage being given to secure same. The debentures are
dated Aug., 1902, and are due Aug., 1922, but are subject to
call, when drawn, for a 5 p. c. sinking fund, at 102^ p. c. and
interest; denominations $500 and $1,000; interest February
and August, New York office 95 Hudson St.—V. 75, p. 736.
Panama Canal Co.— Treaty Signed.—The treaty between
the United States and-Colombia for the construction of the
Panama Canal by the United States was signed at Washing
ton, D. C., on Thursday.—V. 75, p. 1257.
216
THE CBRONICLE
Pittsburg Coal Co.—New Acquisitions.—Two important
acquisitions have recently been made by this company, one
by the direct purohase of the entire capital stock (reported
as $2,500,000) of the Midland Coal Co., a competitor in the
railroad coal business, and of the stock of the National Dock
& Fuel Co.; the other by the purchase through the Penn
sylvania Mining Co. of the Colonial Coal & Coke Co., the
latter as the nucleus of a proposed coking plant. The Midland
company, we learn officially, was bought subject to the
bonded indebtedness of $480,000. Its property consists of
4,700 acres of coal, three thoroughly equipped mines and 400
houses. The National company includes docks and fueling
business at Cleveland, Ohio. The “ Pittsburgh Gazette” says
that besides assuming the aforesaid mortgage, the Pittsburgh
Coal Co. paid $600,COO cash for the stock of the Midland
company, and agreed to pay a royalty of 10 cents a ton on
coal mired from its property, but this not confirmed.
The Colonial Coal & Coke Co. has at Smock, in Fayette
County, Pa., about 90 acres of coking coal, 240acres of surface
land and 130 coke ovenp. The control of the company cost
about $300,000 cash. The Pittsburgh Coal Co. will increase
the coking plant at Smock to probably 500 ovens.
Sale o f Stock.—To provide a part of the money for the
purchase of the above-named properties, the company has
sold to Director Henry W. Oliver about $2,000,000 of treas
ury stock at 30 cents on the dollar, this figure being in ex
cess of the market price of the shares.—V. 75, p. 1403,
Portsmouth Berkley & Snffolk Water Co.—Sold.—This
company has been transferred to the syndicate which re
cently purchased the property. The contemplated improve
ments, it is said, will increase the company’s water supply to
6,000,000 gallons of water daily. The directors include or
•will include:
Joh n L. W atson , P re sid e n t; G u sta v O ber, B a ltim o re , V ic e P resid en t;
A . J. P h illip s, S e cre ta ry and T rea su rer; T . J. W o o l, G e n e ra l C ou n sel;
A lv a h M artin, J u d g e L. B . W atts, C. S. S h e rw o o d an d H o n . H . L.
M aynard. - V . 74 , p. 683.
Quincy (Topper) Mining Co.—Dividend Reduced.—A divi
dend of $2 50 per share has been declared for the last six
months, payable Feb, 16, a reduction of 50 cents per share
from the distribution last August.—V. 74, p. 376.
Rice-Stix Dry Goods Co,, St. Louis.—Increase o f Capital.
—On Jan. 5 the stockholders approved a proposition to in
crease the capital stock from $2,(00,000 to $4,000 000, making
$2,000,000 general or com mon stock and $2,000,000 7 p. c. cumu
lative preferred stock; par value of shares §100. The new
stock has all been paid in. The assets are $6,224,954, the
liabilities $4,145,052. The following officers were elected to
serve for the ensuing year:
H e n ry R ioe, P residen t; Jon ath an R ice , F irst V ioe-P resid en t; D a v id
E isem an, S econd V ice-P resid en t; W illiam 8 tlx , T h ird V ic e -P r e s id e n t;
B en jam in E isem an, T rea su rer; E lias M ich ael, S ecretary .
The board of directors includes the above-named men and
Chae. A. Stacy, Louis L. Salveten, Wm. E. Simpson, John B.
Hogan and Eugene E. Evans.
Rome (Ga.) Gas Light Co.—Sale Feb. 4.—The foreclosure
sale is set for Feb. 4; upset price $25,000.—V. 75, p. 1403.
San Joaquin Electric Co.—See San Joaquin Power Co.
below.—V. 76, p. 106.
San Joaquin Power Co.—New Company,—This company
has been organized with authorized capital stock of $800,000,
and an authorized bonded debt of $800,000, in forty-year 5 p.
c. bonds, as successor of the former San Joaquin Electric
Co. We are officially informed that the purchase of the
plant was not made by the Pacific Light & Power Co. but by
some of the people interested in that company.—V. 76, p. 106.
Sargeut Automatic Signal Co., Rochester, N. Y.—Assign
ment.—An assignment for the benefit of creditors has been
filed, H, Castleman Rutherford being the assignee. It is
said the company will be reorganized with a reduced capital.
See V. 71, p. 37.
Seacosst Packing Co.—Sold.—U. H. Dudley & Co., whole
sale grocers and brokers at Duane and Hudson streets, have
arranged to purchase control of this property for a syndicate
inducing themselves, Austin, Nichols & Co., Francis H.
Leggett & Co. and others. The capital stock consists of
$3,600,000 7 per cent cumulative preferred stock and $5,000,000 common stock. The “ New York Commercial” quotes
U. H. Dudley as saying:
T he c o m p a n y has n e v e r p aid . T w o r iv a l c o n c e r n s g o t to g e th e r and
so ld th eir p ro p e rty to the n ew co m p a n y a t a gross o v e r v a lu a tio n an d
w h en the co n so lid a tio n w as ca p ita liz e d at a v e r y la rg e fig u re It w as
m ad e to lo o k lik e a la rg e affair. W e w ill re d u ce Its c a p ita liz a tio n t o a
sm all am ou n t, and e x p e c t to m ak e It p ay. T h e c o m p le tio n o f the d eal
Is n o w a w a itin g the ex a m in a tio n o f title s, bu t th e re w ill b e n o h itch In
th a t m a tte r.—V . 75 , p. 613.
Spring Valley Water Works Co., San Francisco.—New
Company.—AX, the annual meeting on Jan 14 President
Charles W Howard announced the intention of the man
agers to form a new company with $28,000,000 stock, to
take over the property of the Soring Valley Water Co. The
new corporation will exchange $200 of its stock for each $100
of the stock ($14,000,000) of the present company, and will
make a mortgage to secure $28,000,000 of 20-year bonds. Of
these bonds ab-ut $14,000,000 will be issued only to retire the
present bonded indebtedness ($13,975,000), this debt being all
due or subject to call in 1906 (see V. 74, p. 1200); about
$4,000,000 will be issued forthwith for improvements, leaving
$10,000,000 in the treasury to provide for future extensions.
Earnings.—The receipts for the late fiscal year from all
sources, it is stated, amounted to $1,972,211; total disburse
[Vol. L X X V I.
ments, including dividends, $1,955,327; balance, surplus,
$16,914.—V. 74, p. 1200.
United Lead Co.—Incorpora ted.—'This company was incor
porated in New Jersey on f ueffiay by representatives of the
American Smelting & Refining Co., the Whitney-Ryan inter
ests and the Standard Oil interests, to take over various lead
and linseed manufacturing plants controlled by these interests.
The authorized capital stock of the new company is $15,100,000, of which $100,000 is 7 p. c. preferred. The companies to
be merged are commonly stated to be as follows :
A m e r ic a n S hot <fo L ead C o., B o sto n C h a dw ick L ead C o., Sparks M etal
& S hot Co. and T atham & B ros Co o f P h ila d elp h ia , R ob ertson L ead
Oo. o f B altim ore, G lb s o n -P r lce Oo. o f C lev ela n d , H oy t M etals C o. and
M arkel L ead Oo. o f St. L o u is, R a y m on d L ead C o., an d B la toh ford L ea d
Co o f C h ica g o, Iron d a le Lead Co. o f F arm in gton , M o.. U n ion L ea d A
O il Oo. (V. 74 , p. 1 1 9 6 ), an d the A m e rica n L inseed Oil Co.
Those in interest decline to divulge their plans, but it is
generally reported that the present scheme contemplates the
union in some manner of the new company with the National
Lead Co , the total authorized capitalization to be probably
about $65,000,000, including $30,000,000 stock in $100 shares*
all common, and some $85,000,000 of 5 p. c. bonds.
Union Lead & Oil Co.—See United Lead Co. above.—V.
74, p. 1146.
United States Cotton Duck Corporation.—New President.
—Charles K. Oliver, recently Treasurer, has been elected
President to succeed Trenor L. Park, who resigned be
cause of the pressure of other duties. Mr. Park remains a
director and on the executive committee.—V. 75, p, 347.
United States Rubber Co.—Offering.—The First National
Bank and Blair & Co., both of this city, are offering at 9S^
and interest $2,000,000 of the company’s $12,001,000 collateral
funding gold notes, dated March 15, 1902. See V. 74, p. 783,
Earnir g s.~ Results for the year ended Nov. 30, 1902, were:
Net
earnings.
$ 1 ,2 8 4 ,3 2 0
Interest
paid.
$ 7 7 2 ,2 1 4
Depreciation, etc.,
charged off.
Balance,
surplus.
$3 51 ,1 3 1
$ 1 6 0 ,9 7 5
The net profits for the year ended March 31, 1902, includ
ing like the above subsidiary companies, were $1,182,596; all
interest, $1,063,100; balance, surplus, $119,496.—V. 74,
p. 1095.
Vincennes (Ind.) Water Supply Co.—Bonds Offered.—
Wm. G. Hopper & Co. of Philadelphia are offering at par
and interest a block of the $247,000 first mortgage 4J^ p. c.
$1,000 gold bonds dated Jane, 1,1899, and due Jan. 1, 1919,
without option of earlier redemption; mortgage trustee,
Fidelity Trust Co. of Philadelphia; issue limited to $250,000.
C om m on s to c k $ 2 0 0 ,0 0 0 in $2 5 sh ares; p re fe rr e d 4 p. c. cu m u la tiv e
$ 5 0,00 0 in $5u sh ares, b u t o f th is la st o n ly $ 2 7 ,9 0 0 Is ou tsta n d in g .
F or calen d ar year 1902 the g ross e a m io g s w ere $ 2 1 ,5 9 9 ; n e t $ 1 3 ,1 2 8 ;
in terest on b o n d s . $ l l , l l 5 ; b a la n c e , su rp lu s, $ 2 ,0 1 3 . W . G . H o p p e r Is
P resident.
Western Transit Co.—Extension of Bonds.—The $1,500,000
bonds maturing Feb. 1, 1903, will be extended for 20-years,
with interest at the rate of 3% per cent per annnm, payable
semi-annually on Feb. 1 and Aug. 1, and principal maturing
on Feb. 1, 1923.
Western Union Telegraph Co.—Entering of Decree De
ferred.—Judge Buffington in the United States Circuit Court
at Pittsburgh on Tuesday agreed to defer the entering of his
recent order refusing to grant an injunction restraining the
Pennsylvania RR. Co. from removing the lines of the tele
graph company from the railroad in the State of Pennsyl
vania. The order will not be entered until the appeal ot the
railroad company from the New Jersey injunction comes be
fore the Circuit Court of Appeals,—V. 76, p. 162.
—The Liverpool & London & Globe Insurance Company, a
stock company of unlimited liability, publishes the fiftyfifth annual statement of its United States branch for the
year ending Dec. 31, 1902.
It shows among the assets real estate valued at $1,865,833;
United States 4 per cent bonds, $1,570,445; State and city
bonds and railroad stocks and bonds, $2,062,393 75; bond and
mortgage loans, $2,861,750, and bank balances and all other
assets $2,844,292 52, making a total of $11,204,714 27, an in
crease of $888,324 over the previous year.
Premium reserve and reserve for all claims aggregate
$6,392,511 35, leaving a surplus of $4,812,202 92. Henry W.
Eaton is the Resident Manager at New York.
—An interesting booklet entitled “ Concerning Iron
Making” has jast be,en written by Elisha Walker and pub
lished by Fisk & Robinson of New York and Boston. As it
is intended for the layman, the writer has refrained from
using technical language. To make the description more
interesting, an actual plant i3 considered. For thi3 purpose
that of the Buffalo & Susquehanna Iron Co. has been
chosen, “ because it embodies the latest ideas in blastfurnace
construction and in the economic handling of materials.”
—“ Cleveland Securities” is a hand-book of the companies
whose stocks and bonds are dealt in on the Cleveland Stock
Exohange, or with which Cleveland men are especially iden
tified. It will be found a valuable book of reference. Copies
may be had from the Financier Publishing Co., which pub
lishes the weekly paper, “ Cleveland Finance.”
—On page ix. will be found an offering of railroad and
other bonds and securities yielding from four to seven per
cent. This list of securities is offered in amounts to suit by
F. J. Ltsman & Co., 30 Broad St., who will furnish detailed
information on these or any other security on application.
THE CHRONICLE
J an uary 24, 1903.]
217
C O T T O N .
'Q h c (& o m m z x t ic d
COMMERCIAL
EPITOME.
Jan. 23, 1908.
Seasonable activity has been noted in moat lines of mer
chandise. Buyers quite generally appear to take a favorable
view of the prospects for the spring trade, and they have
been placing orders with a fair show of freedom against
their prospective requirements. An exception to the general
activity is evident in th9 sugar trade, where business is held
in check waiting for the Senate to take action on the Cuban
reciprocity treaty. Exporters have continued aotive buyers
of wheat and corn, and they have paid advancing prices.
Mach of the supplies of grain now being purchased by ex
porters is for shipment via the Galf ports, due to the in
ability of the Atlantic trunk line railroads to bring supplies
forward promptly to the Atlantic seaports, owing to the con
gested condition of freight traffic on their lines.
Lard on the spot has been quiet, but as stocks have been
light there has been no pressure to sell, and prices have held
to a steady basis. The close was quiet at 10-40c. for prime
Western and 9 50@9-75c. for prime City. The demand for
refined lard has been of a small hand-to mouth character,but
offerings have been light and prices have been well maint lined, closing at 10'60c. for refined for the C cntinent. Specu
lation in lard for future delivery has been moderately active.
During the first half of the week prices advanced on small
receipts of hogs. Subsequently, however, part of the im
provement was lost. The close was steady.
F r id a y N ig h t ,
DAILT CLOSING PRICES OF LARD FUTURES IN OHIOAQO.
8at.
Mon.
January del’y ........1 0 0 0
1015
M ay del’y ................ 9 47b) 9 -4 7 »«
July d e f y ................ 9 -3 7 i« 9 3 2 ^
Tuet.
Wed.
1 0 -2 0
1 0 l7 i « 1 0 1 0
1015
9 60
9-62>*
9 60
9 -4 5
9 45
9 40
9 62 ^
9 -4 5
Tkurt.
Fri.
T he Mo v e m e n t
of th e
F r id a y N ig h t , January 23, 1903,
C r o p , as indicated by our telegrams
from the South to-night, Is given below, For the week ending
this evening the total receipts have reaohed 221,281 bales,
against 226,094 bales last week and 269,612 bales the previous
week, making the total reoelpts slnoe the 1st of Sept,, 1902,
5,634,660 bales, against 5,591,573 bales for the same period of
1901-2, showing an increase slnoe Sep. 1, 1902, of 43,087 bales.
Aceeipts at—
lalvestcn____
Bab. Pass, Ac.
NewOrleans...
kobile______
'ensacola, Ao.
iavannab..__
Bransw’k.Ao.
Jfcarleeton.....
Pt. Royal,Ac.
Vllmlngton—
Wash’ton, Ac
Norfolk__ ....
N’p’t News, * 0 .
New York.—..
Boston___ ___
Baltimore.......
-uniadel’a, Ae..
Tot. this week
Mai.
Mon.
10 097
......
Iu tt.
Wtd.
6,796 14,525
9,245
......
......
......
7,787 15,911 11,572 14,522
953
478 3,783 1,173
...... ...... ........ . . . . . .
7,559 5,889 6,703 4,591
...... . . . . . . . . . . . . . . . . . .
862
115
394
274
Thuri.
Fri.
Total.
9,889 7,032
. . . . . . 6,431
7,433 9,122
706
997
. . . . . . 14,390
4,601 6,668
...... 8,598
759
855
57,564
5,431
66,377
8.070
14,390
36,011
3,598
2,759
.......
......
......
......
.......
......
......
571
......
3,017
802
597
1,116
780
......
.......
......
1,447
5,985
1,984
......
......
.......
......
295
891
57
690
197
200
......
.......
.......
231
139
......
3
182
135
2,542
218
604
......
583
825
4,641
5
5
1,560 16,535
328
328
120
1,118
3,042
618
1,063
1,063
496
1,349
80,972 35,532 41,919 33,175 27,641 53,<fl2 222,281
The following shows the week’s total receipts, the total since
Sept. 1,1902, and the stocks to-night, compared with last year,
Receipts to
Jan. 23
aalveston...
Sab. F., Ac.
lew Orleans
Mobile........
P saoola, Ao.
lavannah...
Br’wlok.Ao.
ibarleston..
P.Royal,Ao.
Wilmington.
Wasb’n, Ac.
N orfolk .....
N’port N., Ac
New Y ork...
Boston____
Baltimore. .
’ hlladel.Ao.
1902-03.
Thil Pines Pep.
1,1902.
week.
1901-02
Thit Pines 8tp
week. 1,1901.
57,564 1,596,807 45,657 1,575,120
78,344
5,431
581
43.654
66,377 1,603,700 70,930 1,610,703
8,070 168,424
2,658 132,931
14,390 103,354 4,263 139,073
36,011 1,015,350 27,990 925,634
8,598
93,953
862 111,298
2,759 186,596
4.941 222,251
221
15
1,379
4,841 290,813
6,6 '2 235,481
367
5
370
8
16,535 378,075 13,209 345,091
16,933
14,142
828
763
21,190
1,118
82,194
1,653
3,042
38,541
6,788
74,679
1,063
18,909
4,783
56,5’ 0
1,819
16,083
890
21,030
Mtoek.
1903
255,523
1802
205,041
Pork has advanced in response to stronger advices from the
880,239 879,476
West, closing at $18 25@18 75 for mess; |18 50@18 75 for
32,210
81,752
family and $19 50@22 for short clear. Cut meats have been
firmly held owing to a strong market for hogs, but the de
168,595 123,198
mand has been quiet, closing at
for pickled shoul
12,454
4,937
ders; ll@ ll^ c . for pickled hams aud 8%@9%c. for pickled
16,974
14 685
bellies, 14@lu lbs average. Beef has been quiet and un
changed at $9 50@10 50 for mess; $14@15 for packet; $16 50@
8,569
21,815
17 for family and $24 50@25 for extra India mess in tcs. Tal
low has been in more active demand and firmer, closing at
42,063
44,095
6@6]^c. Stearines have been quiet and unchanged at llj^c.
163
2,293
for lard stearine and 10^c. for oleo stearine. Cotton-seed
161,388 126,274
oil has sold at lower prices, but the close was firm at 40*^c.
33,000
50,000
for prime yellow. Batter has declined, but at the lower
5,330
12,639
prices demand has improved, and the close was steady at
5,818
8,441
I9@26c. for creamery. Cheese has been ia moderate demand
and firmer at llM@14]£c. for Sta'e factory, full cream.
Fresh eggs have been in larger supply and prices have de Totals....... 222,281 5,634,660 192,726 5,591,573 1,122,856 1,024,646
In order that comparison may be made with other years,
clined, closing at 24c. for best grades of Western.
Brazil grades of coffee have been in fairly active demand, we give below the totals at leading ports for six seasons,
a good general inquiry being reported from the consuming
1902.
1901.
1900.
1899.
1398.
trade, attracted by the low prices ruling. The demand, how Heoeipti at— 1903.
ever, has been freely supplied at unchanged prices, closing lalves’n.Ao. 62,99 * 46.238 53,772 36,913 28,160 43.590
at 5J^c. for Rio No. 7 and 6^ @ 6>£c. for Santos No. 4. West New Orleans 66,377 70.980 54,022 52,091 51.799 74,347
India growths have been in moderate demand at steady N o b ile ... . . .
1,736
10,141
8,621
8,070
12,706
2.65?
prices, closing at 8}£@8%c.“for good Cucuta. East India Savannah... 86,011 27,990 28 831 26,568 27 908 18,937
growths have been quiet. Speculation in the market, for Ibae’ton, Ac.
2,759
4,959
4,104
5,237
3,821
9,979
contracts has been quiet and only slight changes have oc WUm’ton, Ac
4,616
3,403
6,630
6,119
3,410
2,932
curred in prices. The close was quiet. Closing asked prices Norfolk....... 16,535 13,209
7,915 13,581
12,306
7,765
were:
362
N. Mews, Ao.
328
763
1,387
249
927
J a n ........ ......... 4 25a i May.................. 4'55o. Sept........
4 80o.
Peb.................. 4-25o. J u n e ............... 4-60c. Oot................... 4-95o.
J
u
l
y
............
4-65o.
M a rch ... . . . . . . . 4 -3 5o. j
D eo........ ......... 5-200.
i l l oth ers...
24,560
tot. this wk. 222,231
15,159
38,013
37,537
192.726 171,102 167,249
19,244
177,290
209,710
16,957
Raw sugars have been dull and easier, refiners being indif
ferent buyers, closing at 3 13-16c. for centrifugals, 96-deg. test <lcee Sept. 1 5634,660 5591,673 5178,784 4514.188 6677.722 6587,859
and 3 5 16c. for muscavado 89 deg. test. Refined sugar has
The exports for the week ending this evening reach a total
been quiet and unchanged, closing at 4-75@4-95o. for granu of 178,299 bales, of which 76,185 were to Great Britain, 18,755
lated. Teas have been active and firm. Nutmegs have been to France and 88,359 to the rest of the Continent. Below
firm and higher.
are the exports for the week and since Sept. 1, 1902,
Offerings of attractive grades of Kentucky tobacco have
Week BnM no Jan. 83.1903. fr o m Sept. 1, 1908. to Jan. 23.1903.
been reported limited, and with a fair inquiry the market has
E xported to—
Exported to—
■z>aert4
been firm. Seed-leaf tobacco has continued to meet with a
from —
N rie t
O entt- l e t s l
Mrem
Fran**
Tranet 0onV
moderate demand, and prices have been steady. The sales
*•»«*
B rit'n .
ru nt. W eek. B rita in .
ru nt.
for the week were 1,500 cas '8, and included 1900 Pennsyl
U
l
r
e
i
t
o
n
.......
450
6,831
16.117 22,838 603,820 197,807 883,106 1.093,793
vania B’s and 1901 Z miners, Spanish, on private terms. For
Pass. Me.. .....
..... 15.630
39,087i
84,61?
eign grades of tobacco have been in fair demand, and sales lab.
7,834 20,425 61,677 650.942 •230.868 403,603 1.184.713
<ew O rle a n s.. 83,868
for the week include 200 bales Sumatra and 450 bales Havana. 4 o b iie ..............
7,400
34.813
7,400
31.449
66 802
The tone of the market for Straits tin has been unsettled, •enaaaola....... .........
47.268 9.94*
13,979 18,979
43.791] 103,996
but at the close prices advanced in response to stronger Lon lava n n a h ........ 18,048
11,284 83 333 146.C26 3S.650 478.792 663.403
don advices, closing at 28-50@28‘55c. Ingot copper has been s ra n sw lo k . . . . 6 617
68,306
6,617
6.860]
76.166
in only very moderate demand, but prices have advanced in b ar lea t o n . . .
..... .....
15,560
65,538
81,098
response to stronger foreign advices, closing at 12'87J^@ -ort R o y a l... . ..... ..... .....
........ 1 ......
12'6234«.
Bike. Lead has been quiet and unchange I at W ilm in g ton ... 8,167
8,167 104 S55 3.812 178.338 284.429
4-12^c. Spelter has held steady at 4-90@5c. Pig iron has Norfolk............ ..... ..... 1,000 1.000 11.453 4,100 11.581 87,134
936
‘ o o rt N ., Ao..
..... ..... .........
6,049
850
6,364
been quiet and unchanged at 23@25c. for No. 1 Northern.
60 9,637 23.575 123.168 11.039 r S .8 8 5 1 289.468
Refined petroleum has been eauer, closing at 8-20c. in te w Y o r k ....... 18.888
J
o
i
t
o
n
............ 11.006 .........
11.006
63.216
1.476
64,692
bbls., 10-50o, in cases and 5-65c. in bulk. Naphtha has been
780
600
63.772
1,900
18,026
74.298
ltlm o re .......
4.843 6.073
unchanged at 9-05c. Credit balances have declined to $1 50. •laeila
82,837.
421
571
1,800]
24,137
d eip k la..
160
Spirits turpentine has been in fair demand and firmer, clos lan F ran., A o.. ..... ..... 3,684 8.634 16.338
99.010 116.348
ing at 61@6:3^c. Rosins have been steady at $1 95@1 97^
178,299
1,789.92?
T
o
t
a
l............
76,186
13.715
88.359
407,908
1.893.140
4.149,981
for common and good strained Hops have been firm and
higher. Wool has been firm but quiet.
Total 1901 -02_ 64,333 80,045 67.807 152,186 2,130.695 526 338 1,631,930 4.291,963
218
THE
CHRONICLE.
[V o l . L X X V I.
>
ed n etd t
J a n . 21
Futures.—Highest, lowest and closing prices at New York.
w
u
>Tj
fc
0
0
z
cleared, at the porta named. We add similar fij
r• O
9 «g
“H2
S*Cacto
S
2
g
>
s;
Mew York, whloh are prepared for our speolal use b
g
g
?
3
M
O
9
2
O
9
H
O
*
O
Bb
H» P 2 o£
ago « 2 b ?
«B
Lambert A Barrows. Produce Exchange Building,
a -w 352 1 E
S'0"3
1 b ct 1 b
T
®
3
w
tr
0
*
3
5
c
?0
*
3
Z
V
w
^
2
b
9
b
0
®
PA►p AW
5
^•
O
fc• (•
*3• <•K e
• 1b 9 |
■*>: (OBJ. H
U t IP:
ON S H IP B O A R D , NOT C L E A R E D F O R • ■ w; s
:
••
•a
■ • fi
* 1 N• ■ |
Beavin e
1 : 1 i « 1 : : ' lf lJ T
il 1 t
i : : : J i 1 : : U !
fan. 23 at— Great
' t J •J i
Ger Other Ooatt! :
Hock.
•? ! s ■j : i s :
Total.
Britain Fr'nce man y. For’gn wite.
I I 1 ! II 0000 0000 oooo oooo OCOO 001 0000 0000 co00 . is
MtO ftC
<1 6 CD <i 01
New Orleans. 14,784 14,109 24.072 17,667
613 71,145
11
<i*i
0 a
01to oc*n
W*J to© 6
G
OCi ©
©to toto *36
woo i s
G a lveston . ... 29,298 27,271 19,228 13,001 6,264 95,062
1
0
19
!
9
1
4
1
9
1
0
1
9
1
9
19
1
0
1
1 9 19 •
S a va n n a h ....
400 41,600
3,650 6,700 24,150 9,700
0
0
0
0
o
c
0
0
o
c
o
o
Charleston. ..
6,699
350
7,049
O
C
O
O
O
O
O
O
o
p
.
0
0
.
ocoo *3»
1
1
........
1
1
II
to
to
2,400
6 00 001 600 0
M obile............
i ’,300
7,300
3,600
01 6 6 *5* *3*3 • 5
C
KC
* 016
**■
*
** M
©© w ©©
N orfolk_____
2,600 7,000
5,000 7,000 21,500
2,000
New Y ork ___
2,579
4,579
a
o
o
o
a
0
0
o
c
o
o
0
0
00
G
O
O
D
oooo 00. oooo
a
c
o
D
1 | 1 1 |°?
3,000 1,000
7,000
Other p o r ts .
11,000
to 66
00 6 6 oc6 006 6 <1 -i 1 *3*3 ft O
00 to
a. -4 O'CO a
•Jw a * a m * * ©*a w
O' to
1 o 1 4* |O 1 » 1 9 1 0 19 10 1 0 1 a a 1 1 0 $3g
Total 1903.. 60,532 55,080 72,850 55,646 18,127 262,235 860,121
G
C00 0000 oooo GOOD ocoo a 00 ocoo oooo oooo ©5
l 1 II
Total 1902 . 107,601 42,815 75,230 48,539 24,823 299,008
11 |
1 °?
to 6 co 6 6 006 006 oc6 6 00 66
Total 1901. 50,464 16,118 36,729 25,152 24.7111153,174
O e*ao ce©
0 0* M* 0*0 *3
*3*3
00
000 ODOO oooo °P1 0000 ODOO oooo oooo 0000
Speculation in cotton for future delivery has been q
1 1 1 1 II 0
toto O'6* *1*3 •O1
6 ® *36
and the tone of the market has been unsettled, with pi
toto a a 0
0<1 0
© e.
10M <J.O* M©
1
9
1 0 19 1 9 1 0 19 1 0 1 9 1 a 1 0 Lft
19
19
showing only a slight change for the week. About the only
feature of interest in the trading has been the undoing of | | ll II 0000 0000 oooo oooo ocar « 1 oooo GOOD oooo
OD 100 O 1
toto 600 <100 O
straddles between the Liverpool and New York markets,
C© <
- CDto O
CO00 *j►
00to a
wa CsOi *3*3
tse.
operators selling out their long holdings in the Liverpool and
II
G
O
O
D
0
0
0
0
0
0
0
0
O
r
0
0
0
0
0
0
0
0
0
0
O
D
.
G
O
O
D
o
o
o
o
o
ooo
1
1
buying in their fbort contracts of March and May in the
MM toto
00^ 006 a <1
•4O a *3*3
to * * ©*3 H
o© MQ
D 00 * a w a
©© * to
New York market. The demand in the local market has 1 4 14 o>
19 1 4 1 4 1 4 1 4 1 4 1 0 1 4 1 4 14
been supplied by tired speculative holders and some selling
000 0000 woo oooo oooo ODOO 00. GCQD ocoo 00ao
by the South against cotton. The movement of the crop has con- 1 j 1II, 0
MM tow a 6 0)00 ac6 600
*'<i
<1*3 *3*3
ao© C
IO ©* tc* tow to* © 1 <
100 ©M
tinuedto be the principal feature of the situation. Although
wo
the amount in sight for the week showed a slight increase as 1 | 1 1 oooo °P1 0000 ODOO ocoo GOOD ODOO 0000 GOOD OOOO . ^
II
M
M
compared with the same week last year, the crop movement
6 6 ao cr00 6 6
J<I *1*3
to to ' 6
M6
^- <
©I<
0I1 <
10© GOO tow wo 6
cotc *3C* § *
was not up to expectations. During the coming month, how 1 $ 19 to
19 , 9 1 0 1 9
9 19 1 0 1 9 1 9 l 0
ever, it is expecttd that the crop movement will show a con
oc00 oc00 oooo oooo oooo GOOD GOOD oooo ODOO toft
1 I °?°?
MM tcto 6 6 a 6 6 Q
siderable increase over last year for the same period, as the 11 II
D ODOO d6 oc6 *3*3 *3*3
(dO a© GO* * 0 0:* * a o
fewto © to *©• oca*
amount of cotton that came into sight last February was
comparatively small, and this, it is believed, will have a ten 1 1 11 0000 0000 oooo oooo ODOD ODOO OCOO OrCD 0000 ODOO
•I 66 toto O' 6 6*3 00<1 00*0 wj<1 <^4 *303 <1*3
dency to induce freer speculative selling during the next few
too COO' Oft ©0
© O' <JG5 to© 00*
weeks. Southern advices have continued to report firm spot 19 10 0 0 1 9 1 9 19 1 0 19 1 0 1 9 1 9 10
O8
markets,with a moderate demand for spinners and exporters. 11 1 1 0000 0000 oooo oooo 0? 1 ocoo ODOO 0000 oooo ODOO tW«
* ■*
II MO toto a 6 6 6 001 600 6
<
J
<
J
*3
*3
*J
*3
To-day there was an easier market in response to weaker ad
©« COto 00 MtO to KCO 0 © ODOO wco ©00
vices from Liverpool, and under scattered selling prompted
0 °? 1 °P 1 00
ll
1 °? 0
0 1
1©
00
by larger receipts for the day. Toward the close there was 1 | II
1 -j
°? *10
to 11 c
* 1 <1 1 <1 1-1 1 00 1
C
O
O'
0
*4 *4 03
rO'
some recovery in prices on a rush of shorts to cover and fig
*
00
it
ures for the day were 1 point higher for January and 1 to 3 19 19 |0 1 9 1 0 1 9 1 9 l 0 1 9 1 0 19 1 0 J
l1
points lower for other months. Cotton on the spot has been ] 1 II
,
0
0
1
®
1
°?
II 1 °?
1
°?
1
0
0
1
°?
1
0
0
to 1 w 1 a 1 © 1 O
D 00 ' 00 1 00 1*3 1*3
steady, closing at 8-95c. for middling uplands.
M *4
0
O'
O'
ao
^4 ©
*
©
The rates on ana off middling, as established N ov, SO, 1902,
The V isible supply of C otton to-n ight, as made up by
by the Revision Committee, at which grades other than
middling may be delivered on oon traot,are as follow s.
F a ir ............................ ..e . 1-30 on
Middling F a ir ....... . . . . . . . 0*96 on
Strict Good M iddling......... 0*62 on
Good Middling................. . 0 44 on
8triot Low M iddling......... 0 1 4 off
Low Middling............ .........0-38 off
Strlot Good O rdinary. . . . . 0 72 off
G ood O rd in a r y ................ 1-00 off
Good Middling Tinged ..o .
Even
Strict Good Mid. T in ged .. 0 30 on
Strlot Middling Tinged___ 0 06 o f
Middling Tinged.................. 0 1 2 ofi
Strlot Low Mid. T in g e d ... 0-34 off
Middling Stained............... 0 50 off
Strlot L ow Mid. Stained... 1*06 off
Low Middling S ta in ed ..... 1*50 off
On this basis the official prioes for a few of the grades for
the past week—Jau, 17 to Jan. 23—would be as follow s.
UPLANDS.
Stood Ordinary_______ _______
Low M iddling___. . . . _____ . . . .
M iddling.................. ....................
Good M iddling...........................
Middling Fair..............................
GULF.
Sat.
M on T n e i W ed
Tk.
F rt.
8 95
78-
y-39
9 91
95 7 9 5
8 00
8*62
57 8- 57
9*«0 8 9 5
e-44 99 96 9-91
95
7*95
8 57
8 95
39
9 39
9-91
788 95
9 39
9 91
Sat.
M on T n e* W ed
T te.
F r l.
78- 57
8 95
9- 39
9-91
8*20
Good Ordinary___ . . . . . . ______ 8*20 825 8 20 8*20 8 20
Low M id d lin g ....____________ 8-82 8 87 8-82 8-82 8-82 8 82
Middling............ ........................... 9-20 9 9-20
25 9-20 9-20 9 20
9 64 0-69 9-64 9 6 4
9 64 9 64
Good Middling....... ................
iO 16 1 0 2 1 1 0 1 6 10 16 1 0 1 6 10-16
Middling Fair...................... .
Sat.
STAIN E D .
78-45
8 61
8 95
Low M iddlin g ..—— —---------Middling............ .........................
Strlot Low Middling Tin ged...
Good M iddling Tinged.......... .
M o d Ttao* W e d
7- 45
8 50
8-66
9-00
50
7-45
8 45
861
8 96
745
8-45
8 61
8-95
T&.
F r l.
7 45
8 45
8 61
8 95
788 61
8 95
The quotations for middling upland
at New York ob
Jan. 23 for each of the past 82 years have been as follows.
1 8 7 9 .... o . 9716
1 9 0 3 ....0 . 8 95 1895.. ..0 . 5 n 16 1887. ...0 . 91*
1886. . ..... 91*
1878........ 11*8
1902......... 86ie 1894.. . . . . T ’s
1877.........135j8
1885. ....... 11 *s
18 93 ..
1901......... 97s
1876........ 13
1892.. . . . . 7» b
1884. ....... 106s
1900......... 7 78
1875........ 1514
1883.
1891.. . . . . 938
1899......... 63s
1882. ....... m 5ie 1874........ 16*8
1890..
1898......... 578
1889.. . . . . 9 78
1881. „ ....1 U 3 16 1873........ 203*
1897......... 75,g
1880. ....... 12*8
1872........ 22*8
1896......... 85l# 1888..
NOTE.—On O ct. 1 ,1 8 7 4 , grade# o f cotton as quoted w ere ch a n g ed
A ooordln gto the new classification M iddling was on th at d a y qu oted
386, lo w e rth a n M iddling o f the old classifica tion .
MARKET AND SALES.
Spot Market
Closed.
Satu rd ay..
M onday....
T u esd a y ...
Wednesday
Thursday..
F r id a y .....
FUTURES Sales of spot a contract
Market
Ex Oon- Con
Closed. port.
tump. tract. Total.
Steady ............... F ir m ............
Steady, 5 pts.ad. Very steady.
Steady, 5 pts. do. S tea d y ........
S tead y ............... Very steady.
Quiet......... ........ Q u i e t ........
Quiet................... S teady. . . . . .
T o ta l..... --- ------------------
—
2,500
2,000
400
4,900
326
200
27
1,032
200
1,785
1,00*6
1,000
500
1,100
1,600
326
1,200
3,527
3,532
1,300
2,000
5,200 ll,e85
cable and telegraph, is as follows,
Foreign stocks, as well
as the afloat, are this week’ s returns, and consequently all
foreign figures are brought down to Thursday evenidg.
But to make the total the complete figures for to-night
Jan. 23), we add the item of exports from the United States,
Including in it the exports of Friday only,
1800.
689,000
2.000
691,000
18,000
240,000
2,000
200
300
3,000
4,000
4,000
5,000
156,000 170,000 132,000 238,000
2.000
3.000
3,000
4,000
60.000
48 00 0
74 00C
78,000
Stook at G e n o a .............. .
35,000
41.000
45,000
45,000
Stook at T rieste............... ....
1,000
2,000
3,000
6,000
Total Continental stocks. 437,000 505,000 472,200 630,330
Tetal European stocks___1,079 000 1,507,000 1,176,200 1.327,300
----------------------------------- 120,000
--------22,000
India
cotton afloat
fo r Europe
109.000
49.000
Amer. cotton afloat fo r B’rope 600.000 598.000 604.000 450.000
42,000
38.000
**y p t, Brazil, A c., aflt.f or Erpe
71.000
47.000
Stock in Alexandria, E g y p t... 157.000 228.000 180 000 205.000
Stock in Bombay. In dia.......... 380 000 328 000 319.000 320.000
Stook in United States p orts.. 1,122,356 1,024 646 954,774 1,016,818
Stook in U. 8. interior tow n s.. 484,640 66J ,067 777,337 731,028
45 States exports to-day.
5.953
28,866
United
34 815
9.Q78
45
Total visible supply . . . . . . . 4,06 7,8 i i 4,449,791 4,205,264 4,113,012
Of the above, totals Of Am erican ana other aesorip turns are as follow e:
stock at l il v e r p o o l._ _ b a le s .
■took at L ondon------------------Total Great Britain stook.;.
•took at Ham burg___________
,
4took at Am sterdam___
Stock at R otterd am . .. . ..
Stook
95 at A n tw erp . . . . . . .
.
57
■took at Marseilles................ .
1903,
1902.
636 000 997.000
6 000____ 5,000
aAO
1
642,000 1,002,000
8,000
11,000
182,000 202,000
1901.
691,000
13,000
704.000
13,000
212,000
American—
Liverpool s t o c k ..... ....b a le s . 564 000 903 000 620.000 574 000
Continental stooks............. ... .. 415.000 473.000 436.000 602,000
American afloat fo r E urope... 600.000 596 000 604,'*00 450,000
954,774 1,016.818
United States stock....... .......... 1,122,366 1,024 646
United States interior stooks. 481,640 661,067 777,337 731,028
5,953
28,866
United States exports to-day.
34 915
9,078
Total Am erican..................3,220,8 LI 3,666,791 3,398,064 3,402,712
Matt Indian, Brazil, Ac.—
Liverpool s t o
c k
. 72, 000
71.000 115.000
94.000
2,000
6,000
London stook
6 000
13.000
34,300
32.000
Continental s t o o k s ...._______
22 000
36.200
22,000
49.000 120,000
India afloat fo r E u rop e........... 109.000
42,000
38.000
47.000
Egypt. Brazil, A c., afloat... . . .
71,000
Stock in Alexandria, E g y p t... 187.000 228,000 180,000 205.000
Stook in Bom bay, I n d ia ....... 380 000 328,000 349,000 320.000
Total East India, Ao,
847.000 783,000 807,200 740,300
Total A m erican .:............ . . 3,220,811 3,666,791 3,398,064 3,402.712
Total visible s iy * p ly ...^ ..4 ,067.8 i l 4,449,791 4,205,264 4,143,012
Middling Upland, L iverp ool..
4’ 84d.
Atjd.
6**d.
41933d.
Middling Upland. New Y ork ..
8 950.
85lac.
10*80.
8C.
5i51Bd.
8381.
7Hiad.
Egypt Good Brown, Liverpool 7i518d.
Pernv. Rough Good, Liverpool
7-30d.
7d.
77lad.
7*«d.
Broaoh Fine, Liverpool___ _
4%d.
49ied.
5*sd.
4*sd.
Tlnnevelly Good, L iv erp ool...
4®sd.
458(1.
58s2d.
4Hd.
| y Continental imports past week have been 194,000 bales.
The above figures indicate a loss in 1903 of 881,980 bales
as compared with same date of 1902, a decrease of 137,453
bal9S from 1901 and a decline of 75,201 bales from 1900.
THE
J an u a r y 24, 1903.]
A t the I nterior T ow ns the m ovem en t— th a t is the receip ts
for the week and sin ce Septem ber 1, the shipm ents for th e
w eek and the stocks to-night, and the same item s for th e
corresponding period o f 1901-02— is set ou t in detail b e lo w .
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tO
Oth e r M a r k e t s .—
Below are closin g qu otations o f m id d lin g co tto n at Southern
and other p rin cipal co tto n m arkets fo r each day of th e w eek ,
I CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
J a n . 23
t-3
219
CHRONICLE
B atur.
8 13ie
8 i i 16
G a lv e s t o n ...
N ew O rlean s
M o b ile .........
S a v a n n a h ...
C h a r le s t o n ..
W ilm in g ton .
N o r f o lk ........
B o s t o n .........
B a lt im o r e . .
F h llad elp h la
A u g u sta —
M em p h is___
St. L o u is ___
H o u s t o n ___
C in c in n a t i..
L ittle B o c k .
85p
8 0 ie
8 i*
su
813,0
8-95
878
9 20
» 78
8«8
8131S
8%
814
Tvttt.
M on .
813X0
8H 16
8 «s
8 1*
8k
81316
8n ie
8*6
80ie
8 '9 5
8 7s
925
6 x4
813,6
9 00
8 7e
9 -2 0
878
878
80s
88«
81316
8\
8 *e
81116
8 *.
81316
8%
IVectne*. ! T h u ri.
8131#
8%
888
80ia
8 i*
Sk
81316
8-95
878
9-wO
8 7s
81‘ ie
86a
813,0
83i
8*8
8*8
F r i.
8 i* ia
8\
850
8*8
I 8i*
1 8i*
1 fel3,e
8-9 5
| 8 7r
9 20
! £ 15ie
8 U je
8*8
I I S !.
| 8\
' b “ i6
81316
8%
8*8
8®is
8 >*
8 i*
8 i 3ie
8-95
8 7a
9-20
815,0
8" i e
811,0
S IS ,,
8\
8*8
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A t h e n s . . . . . ___
A t l a n t a . . . ........
C h a r lo t te ..........
C olu m b u s, O a .
Colum bus, Miss
8 3ie
81316 E u la u la ............
L ouisville........
9
M ontgom ery...
8 1*
8 1*
8 °»
87s
81*
Nashville........
8*8
Natchez........
6&ie
R a l e i g h .............
9
Shreveport....
87ie
The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follow s.
New
O r l e a n s O p t io n
M a r k e t .—
Sat’day. Monday, Tuesday, Wed'day, Thurtd’y Friday,
Jan. 17 Jan. 19. Jan. 20. Jan. 2 i . Jan. 22. Jan. 23.
JANUARY—
R a n g e ___
C lo s in g ...
March—
R a n g e ___
C lo s in g ...
MayR a n g e ___
C l o s i n g ...
J u ly—
R a n g e ....
C l o s in g ...
A u gust—
R a n g e ___
C lo s in g ...
Tone—
S p o t s ........
O p tio n s ...
8 63®-SP 8 -7 1 9 -7 2 8 - 6 5 9 - e e 8 -6 8 9 *6 9 8 -7 0 9 -7 2 8 - 6 5 9 -6 8
8 -7 0 d -7 J 8 -7 0 9 -7 1 8 -6 5 9 -6 7 8 -7 0 9 -7 1 3*7 1 9 -7 2 8 -6 8 9 * 6 9
8 - 7 4 « -8 4 8 8 0 9 - 8 8 8 7 3 9 -7 8 8 - 7 6 9 82 3 7 5 9 -8 4 8 -7 1 9 * 7 8
8 -8 3 9 -8 4 8 -8 2 9 -8 o 8 -7 7 9 -7 8 3 *7 9 9 -8 0 8 7 9 9 -8 0 8 - 7 6 9 77
8 -8 8 9 -9 8 8 -9 5 9 04 8 -8 8 9 -9 4 8 9 1 9 97 3 8 8 9 -9 7 8 - 8 4 9 91
8 -9 7 9 98 8 -9 6 9 97 8 - 9 1 9 92 8 -9 3 9 94 8 9 2 9 -9 3 8 - 8 9 9 - 9 0
9 0 0 9 OS 9 * 0 6 9 15 9 0 0 9 04 9 0 3 9 09 8 9 9 9 -0 8 8 -9 5 9 -0 1
9 0 8 9 09 9 * 0 8 9 09 9 0 3 9 CO 9 0 5 9 0b 9 -039*0 4 9 -0 1 9 * 0 2
— 9 - 8 -7 0 9 *7 3 8 -8 2 9 -6 8 8 6 7 ® — - 9 *7 0 8*62® —
8 -7 1 9 -7 2 8 -6 9 9 -7 1 S 6 5 9 -6 6 8 6 6 9 - 6 9 8-67 9 69 8*64® 6 6
F irm .
S tea d y .
F irm .
S tea d y .
Q uiet.
S tea d y .
S tea d y .
S tea d y
S tea d y .
S tea d y .
S tea dy .
Q uiet.
W e a t h e r R e p o r t s b y T e l e g r a p h .—Advices to us by
telegraph from the South this evening indicate that on the
whole the weather has been more favorable during the week.
The above totals show that the interior stocks have de Rain has fallen in most localities, but as a rule the precipita
creased during the week 17,859 bales, and are to-night 176,427 tion has been moderate or light. The marketing of cotton has
bales less than same period last year. The receipts at all the been on a fairly liberal scale, although interfered with in some
towns have been 10.667 bales less than same week last year.
districts by bad roads. Pickina: is reported to have made
O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S i n o e S e p t . 1 ,—
considerable progress in portions of Arkansas, and our Selma,
We give below a statement showing the overland movement Alabama, correspondent states that cotton is still being gath
for the week and since Sept. 1, as made up from telegraphic ered in that vicinity.
reports Friday night, The results for the week ending
Galveston, Texas.—W e have had showers on three days of
Jan. 23 and since Sept, 1 in the last two years are as follows. the week, thejlrainfall reaching sixty-one hundredths of an
inch. The thermometer has averaged 52, ranging from 44
1 9 0 1 -0 2 .
1 9 0 2 -0 3 .
to 60.
January 23.
Corpus Christi.Texas.—It has rained on one day of the
Sines
Sines
Week. Sept. 1. w «*k . Ssvt i
week, the precipitation reaching six hundredths of an inch.
The thermometer has ranged from 42 to 68, averaging 55.
Shipped—
Fort Worth, Texas.—We have had showers on two days of
5 3 0 ,1 1 3
V ia St. L o u is ..................................... . 2 8 ,9 0 0 4 7 2 ,2 3 9 29.741
1 3 8 ,8 2 4
V ia C a ir o .............................................
7,9 4 9
3 ,6 4 0
7 9 ,3 7 0 the week, the rainfall being sixty-four hundredths of an inch.
1,3 9 4
V ia P a d u c a h .....................................
24 Average thermometer 48, highest 62, lowest 34.
909
2 1 ,0 0 6
V ia R ook I s la n d ..............................
2 ,3 4 5
26 ,89^
San Antonio , Texas.—It has rained on one day of the week,
4 ,4 9 2 1 1 8 ,8 7 7
4.021
7 8 ,8 3 5
V ia L o u i s v i l l e ..................................
The thermometer
4 ,9 6 4
1,112
V ia C in c in n a t i........... ......................
2 2 ,8 1 8
6 6 ,6 4 9 to the extent of one hundredth of an inch.
9 ,4 6 2 1 8 7 ,2 7 5 1 3 .5 9 8
V ia o th e r r o u te s, & o .....................
2 3 7 ,1 7 3 has averaged 49, the highest being 64 and the lowest 34.
Palestine, Texas.—Wre have had light rain on two days
T o ta l g ross o v e r la n d .................. 5 2 ,8 5 3 9 2 2 ,3 9 1 5 8 ,7 8 0 1 ,0 5 9 ,1 0 1
during the week, the rainfall reaching seventy hundredths of
Deduct shipments—
O v erla n d t o N. Y ., B o s to n , & o . .
9 4 ,7 2 3 1 4 ,1 1 9 2 3 4 ,4 4 3 on inch. The thermometer has ranged from 34 to 60, aver
6 ,5 7 2
3 9 ,4 0 8 aging 47.
B etw e e n In te rio r t o w n s ___ . . . . .
476
2 9 ,6 3 6
761
442
In la n d , & o., fr o m S o u th ...............
2 7 .7 7 9
2 6 81 6
1 ,4 7 3
Neio Orleans, Louisiana.—It has rained on three days of
7,7 7 6
1 5 2 , i 38j 16 063| 3 0 0 6 6 7 the week, the rainfall being twenty-one hundredths of an
T o ta l to b e d e d u o te d ...................
inch. The thermometer has averaged 50.
L e a v in g to ta l n e t o v e r la n d ___ 44,57s| 7 7 0 .2 5 3 ' 42,7121 7 5 8 ,4 3 4
Shreveport, Louisiana.—Rain has fallen on two days of the
T h e t o r e g o m g a n e w m a t c u e w e e k 's n e t o v e r l a n d m o v e m e n t week, the rainfall being sixteen hundredths of an inch.
Average thermometer 45, highest 58, lowest 32.
fchia y e a r h a g b e e n 4 4 ,5 7 8 b a l e a , a g a i n s t 4 2 ,7 1 2 b a l e s f o r t h e
Columbus, Mississippi.—W e have had rain during the
w e e k i n 19 02, a n d t h a ? f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e n e t
week to the extent of one inch and five hundredths, on two
o v e r la n d e x h i b i t s a n e x c e s s o v e r a y e a r a g o o f 1 1 ,8 1 9 b a l e s
days. The thermometer has averaged 43, the highest being
1 9 0 2 -0 3
1901*02.
55 and the lowest 28.
In Sight and Spinners
Letand, Mississippi.—There has been rain the past week to
Takings.
£ in e «
Sine*
Week. Kent I
* « s k . kept 1
the extent of one inch. The thermometer has averaged 43'3,
ranging from 26 to 64.
R eoelpts at p o rts to J a n . 2 3 ............ 22 2 ,2 8 1 5 ,6 3 4 ,6 6 0 19 2 ,7 2 6 5 ,6 9 1 ,5 7 3
Vicksburg, Mississippi.—More favorable weather now pre
N et o v erla n d to Ja n . 2 3 .................... 4 4 ,5 7 8 7 7 0 ,2 6 3 42 ,7 1 2 7 6 8 .4 3 4
S outhern c o n s u m p tio n to J a n . 23. 41 .0 0 0 8 3 6 .0 0 0 8 7 00 0 7 3 1 .0 0 0 vails. There has been rain on four days daring the week,
the precipitation reaching nineteen hundredths of an inch.
T ota l m a r k e te d .............................. 3 0 7 ,8 6 9 ,7 2 4 0 ,9 1 3 2 7 2 .4 3 8 7,0 8 1 00 7 Tbe thermometer has ranged from 34 to 59, averaging 45.
In terior s to ck s In e x o e s s .................. * 1 7 .8 5 0 4 2 1 ,5 6 2 *6 ,2 7 4
5 3 1 ,7 6 2
Greenville, Mississippi.—The weather is eow favorable, bat
the muddy condition of the roads prevents hauling of cotton.
Cam e Into sigh t d u r in g w e e k .. 29 0,00 9
1266,164
T ota l in sigh t J a n . 2 3 ..................
Little Rock, Arkansas.—Considerable picking has been
7 6 6 2 .4 7 5
7 .6 1 2 7 6 9
done this week. There has been only a trace of rain, on one
N orth’i, sp in n ers’ ta k ’ gs to Ja n . 29 7 4 .9 0 2 1.288.7651 90 ,017 1 ,2 3 9 ,8 4 9
day. The thermometer has averaged 43, ranging from 29
* D ecrea se d u r in g week,
to 56.
Movement into sight in previous years.
Helena, Arkansas.—The weather has been more favorable
,*««*Bales
Sines Sept. 1—
Bales
for picking as well as for new-crop preparations, which are
1901—Jan. 2 5 .. ................. 2 1 1 .6 0 3 1 9 0 0 -0 1 —Jan. 2 5 ............. 7 ,3 6 0 ,4 3 2
1900 Jan. 2 6 ...................... 2 0 7 ,3 6 2 1 8 9 9 - 0 0 - Jan. 2 6 ............. 6 ,5 7 8 .8 1 9 both in progress. It has rained on three days of the week,
The
1 8 9 9 - J a n . 2 7 ...................... 1 9 6 ,8 4 2 1 8 9 8 -9 9 —J an. 2 7 ............. 8 .6 9 5 .9 8 5 the precipitation being sixteen hundredths of an inch.
1898 -J a n . 28. ................. 26 2.04 1 1 8 9 7 -9 8 - J a n . 2 8 ________ 8 ,4 5 2 ,9 0 3 thermometer has ranged from 26 co 64, averaging 40.
•OrOB-*wO©<J©^-* ®WO©©« toco©©©©©Xvjutotcwfca©©
220
THE CHRONICLE.
Memphis, Tenn.—The weather has been more favorable for
the picking and marketing of cotton the past week. We
have had rain to the extent of five hundredths of an inch on
two days, on one of which there was also a light fall of
snow. Average thermometer 40’5, highest 53 7, lowest 26.
Nashville, Tenn,—There has been rain daring the week to
the extent of thirteen hundredths of an inch. The ther
mometer has averaged 35, the highest being 49 and the low
est 24.
Mobile, Alabama.—Cotton is moving freely. We have had
rain on four days during the week, the precipitation reach
ing thirty-one hundredths of an inch. The thermometer has
averaged 47, ranging from 37 to 67.
Montgomery, Alabama.—Farmers are beginning to prepare
for the next season. Rain has fallen on three days of the
week, the rainfall being sixteen hundredths of an inch.
Thermometer ranged from 83 to 69, averaging 44.
Selma, Alabama.—In some localities cotton is still being
picked. This is the latest we have ever known in this vicinity.
Rain has fallen on two days of the week, the rainfall being
thirty-five hundredths of an inch. Average thermometer 40,
highest 50, lowest 33.
Madison, Florida.—We have had rain on four days of the
past week, the rainfall being two inches and twelve hun
dredths. The thermometer has averaged 49, the highest be
ing 60 and the lowest 38.
Savannah, Georgia.—Rain has fallen on four days of the
past week, the rainfall being ninety-seven hundredths of an
inch, The thermometer has averaged 47, ranging from 85
to 61.
Augusta, Georgia.—Rain has fallen on two days of the
week, the rainfall being twenty-nine hundredths of an inch.
The thermometer has ranged from 29 to 63, averaging 43.
Charleston, South Carolina.—It has rained on six days of
the week, the rainfall being one inch and sixteen hundredths.
Average thermometer 46, highest 58, lowest 34.
; Stateburg, South Carolina—We have had cloudy and cold
weather most of the week, with rain on four days, the pre
cipitation reaching sixty hundredths of an inch. The ther
mometer ba3 averaged 42’5, highest 62, lowest 28.
Greenwood, South Carolina.—Rain has fallen during the
week to the extent of twenty-one hundredths of an inch.
Average thermometer 88, highest 49, lowest 29.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o’clock Jan. 23, 1908, and Jau. 23 1902.
Jan.
22, ’03.
Jan.
F e e t.
6 -9
F e e t.
13 4
13-6
76
102
311
Slew Orleans....... ........ A bove aero o f gauge.
M e m p h is......______ .A bove aero o f gauge.
Nashville............- — Above zero of gauge.
Shreveport..— ............Above aero o f gauge.
Vicksburg....................A b o v e aero o f gauge.
23, ’02.
4-4
107
0-9
157
I ndia C otton Movement fbom a l l P orts .— The reoeipt*
of ootton at Bombay and the shipments from all India ports
for the woek ending Jan. 22, and for the season from Sept, 1
to Jan. 22 for three years have been as follows:
1901-02
1902-03.
iSeseipis atBom bay..........
Week.
Since
Sept. 1.
97,000
646,000 105,000
Week.
G rea t
Sritain.
Bombav—
1902-03..
1901-02..
1900-01..
Calcutta—
1902-03..
1901 02..
1900-01..
Madras—
1902-03
1901-02..
1900-01..
All others—
1902-03..
1901-02..
1900-01..
1,000
Total all—
1902 03..
1901-02..
1900-01..
i.ooo
......
1,000
......
to t a l.
Great
Sritain.
15,000
2 000
23,000
15,000
3,000
23,000
1,000
1,000
1,000
1,000
2,000
16.000
5,000
23,000
A l e x a n d r ia R eoeipts
A le n a n d r ia . K a v v t ,
January 21.
Receipts (oantars*)Tbls w eek---------- . . .
Since Sept. 1 . . . .......
16.000
6 000
24,000
and
170.000
5,163.000
w eek.
Exports (bales)—
To L iv erp ool..—. . . .
To Continent t . . . . . .
1,000
2,000
1902-03.
This
559,000
Total.
7,000
1,000
26,000
158,000
92,000
190,000
1C5.000
93,000
216,000
2,000
1,000
2,000
13,000
5,000
7,000
15,000
6,000
9,000
2,000
7,000
3*000
9,000
9,000
3,666
16,000
7,000
29,000
33.000
26,000
42 000
83.000
33,000
24,000
2,000
42,000
207,000
133.000
232,000
231,000
135,000
274,000
S in c e
S e p t. 1.
13,000
S hipm en ts
1901-02
130,000
4,780.000
Tktt
w eek.
S in c e
S e p t . 1.
of
M a n c h e s t e r M a r k e t . —-Our report receivea by cable
to-night from Manchester states that the market is quiet
for yarns a id firm for shirtings. The demand for both
yara and cloth is improving. We give the prices for to day
below and teave chose f jr previous weeks of this and last
year for comparison.
1902-03.
32* Cop.
Twist.
d.
d.
Do. 19 71* ® 8 l16
• 26
« 8 i ie
Jan. 2 73laa8l8
“ 9 ■’H ®8ie
“ 16:7i> i«»81s
“ 231738 ®93,#
1901-02.
8 * e lb s . S h i r t O ott’n
in g s, c o m m o n M id .
U p ld s
to f i n e s t .
s.
5
5
5
6
5
5
d. s. d.
I 1®a>7 7*s
114917 714
2 «7 9
2 «7 9
2>s®7 9
3 « 7 Id a
d.
4-52
4-52
4-72
4-72
4-80
4-84
8*4 l b s . S k i r t O otV n
in g s , co m m o n M id .
to f i n e s t .
U p ld s
32*
O op.
T w is t.
d.
d.
7
9 7 \
71U ®71S,*
7
®7%
6151S 7 llie
7
®73t
67e ©760
8.
5
5
5
5
5
5
d.
s
2 «7
2 «7
1>«
1 «7
1*4»7
1 «7
d.
11
11
lOifl
9
10
10
d.
431>a
417*8
417„
4»t6
4 19
N e w Y o r k C o tton E x c h a n g e .—T wo amendments to the
by-laws of the New York Cotton Exchange were voted on by
the members yesterday and adopted. Section 72 allows the
Committee on Revision of Quotations of Spot Cotton to ad
just differences on grades and barely grades of cotton inde
pendently of their relati on to other grades.
Section 103 imposes a charge of 5 cents per bale on cotton
examined for staple when the quantity of cotton exam
ined contains less than 50 per cent of staple cotton entitled to
a premium.
A vote is to be taken on Monday, Jau. 26, by the managers
of the Exchange to decide whether or not the Exchange shall
bid $45,000 for the four-story building at No. 61 Beaver street.
Ttie building is on a plot 24 6x37,6x24,8x36,7, and adjoins the
Cotton Exchange from the Coffee Exchange. If the nego
tiations are successful the building will be altered and used
by the Cotton Exchange for its classification, inspection and
storage department, the inspection department having out
grown the present quarters.
Exports of C otton G oods from G reat B ritain .— Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of December and since January 1 in
1902 and 1901, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
FarnA Thread.
Total o f A ll.
Oloth.
0008 om itted.
1902.
1901.
1902.
1901.
1902.
1901.
1902.
L b t.
Lbt.
Y d s.
Y ds.
Lbt.
L bt.
L bt.
January...... 18,098 17,193
February. ... 16,325 15,676
M a rch ........ 16,860 16,946
607,812
439,781
460,068
1901.
L b t.
482.633 96,498 90,763
426.419 82.704 80,191
420,892 84,639 78.152
113.594
99,029
101,499
107.958
85,867
95,097
T o t.ls t quar
51,291
48,814 1,397,661 1,329,944 162,841 250,103
A pril............
M a y ............
18,748
16,522
13,190
16,615
15,118
13,901
314,182
298,920
418,480 91,504 78,699
420,698 80,487 79,097
424,183 73,978 79,771
110,252
96.959
87,068
95.814
94,215
98,678
T ot. 2d quar. 48,390 45,634 1,807,674 1.263,261 245,919 237,667
294,306
283,201
July............. 14,717 18,442
Aujnist......... 16,507 17,361
September... 16,639 16,298
477,819 82,547 89,838
475,289 85,463 89,881
442,860 79,471 83,178
97,204
101,960
96,110
108,800
106,783
99,476
T ot. 8d quar. 47,863 52,091 1,315,928 1,396,408 247,471 262,418
266,384
314,509
October....... 17,865 18,691
N ovem ber... 18.172 17,988
D ecem b er... 16,776 17,533
100,869
97,899
99,790
101,845
99,292
111,807
Tot.4thquar. 52,302
488,573
427,725
898,376
438,943
45t,898
422,685
4(4,088
423,934
441,442
442,171 83514 83,154
432,460 79,727 81.329
601,356 83,015 94,284
64.177 1,309.464 1.875.987 246,26b 258,767 898,558 312,944
*
1,202,323 1,209,574
+
Total year.. 199,836 200,716 5,380,726 5,384,600
Oontinent.
7,000
......
Since
Sept. 1.
Since September 1.
Oontint.nl.
1,000
Week.
773,000 51,000
f o r the Week.
Ironi—
1900-01.
Since
Sept. 1.
[V o l . L X X Y I
C otton .—
1900-01.
90,000
3 607.000
fA ll
S in c e
w eek.
Sept. 1.
4.000 226,000 8,000 193.000 11,000 189.000
8.000 220,000 10,000 251.000 8,000 139.000
Total E u r o p e ....... 12.000 446.000 18.000 444,000 19 000 328 OOO
* A eantar 1b 98 pounds.
t Of whioh to Amerioa In 1902-03, 47,018 bale*; In 1901-02, 83,774
bales; in 1900-01,27,16 7 bales.
Stockings and socks
Sundry a r t ic le s ........
916
33.067
1.081
29,248
T otal exports o f cotton m anufactures................................
1,236.306 1,289.858
* 1.002,487
+ 1,008,858
The foregoing shows that there has been exported from the
United Kingdom during the twelve months 1,236,306,000 lbs.
of manufactured cotton, against 1,209,853,000 lbs. last year, or
a decrease of 3,547,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during December and since January 1 in each of
the last three years.
EXPORTS OF PIECE GOODS AND YARN8 TO PRINCIPAL COUNTRIES IN
DECEMBER AND FROM JANUARY 1 TO DECEMBER 31.
P iece G oods— Y a rd t.
(OOOi om itted .)
Jan. 1 to D ec. 31.
December.
1908.
1901.
1900.
1902.
1901.
1900.
B ait Indies ............................. 191,266 240.544
Turkey, E gypt and A frica ... 7 2,464 83.793
47,173 64.464
China and Ja p a n ...................
Europe (ex cep t T u rk ey )....... 23,289 22, >-25
North A m erica ......................
M l oth er c o u n trie s................
44.204
33,741
30.836
1 86 .'6 5 2,290.76' 8,515,959 2,818,937
65,028
911,175
946.200 749,623
683,890
564.394
28.434
575,666
21. 09 294,880
281.071
2 9 .5 0 0
35,740 46,965
485,337
411,835
460,251
308,228
29,483
282.631
381,4 OP
406.463
372,490 409,181
27,779 29,189
T ota l y a r d s........................ 441.442 601.356 407,656 5.330,7>5 5 364,600 5.031,721
T o ta l v a lu e ........................ 14,616 £6.102 £4,482 £65,191 £56,502 £52,381
Y a rn s — L b s .
(000* o m itted .)
H ollan d .....................................
Germ any...................................
Oth. Europe (except Turkey
East In d ie s....... ......................
China and Japan....................
Turkey and E g y p t................
Ml oth er cou n tries.................
2.289
2.475
2.256
2,548
285
Total lb s.............................
Total v a lu e..
........
13,659
£ «15
2,129
1,677
1,806
2.742
2,110
8,220
1,168
2,307
1,805
2,240
1.975
2,094
3, 69
1.046
1,121
1,117
14 6 8 12,662
£66 1
jt6'K
26,808
27,027
28,301
32.544
8,764
23,694
20,845
26,008
24 733
27,819
87,910
14.4.'4
83,140
15,624
26.42:
28 36!
24,78
83.02
13,54
16,28
16,32
167,483
£7,413
160,658
158,27
£7,74
£7.977
THE CHRONICLE
J a n u a r y 24, 1903.]
S h i p p i n g « « w s . — a s snown on a previous page
the
•sports of ootton from the UnltedStates the past week have
reached 178,299 Dales, The shipments In detail, as made up
from mail and celegraphlo returns, are as follows:
Total bale*
Hew
Y o r k —T o L iv e r p o o l, p e r stea m ers B o v io , 2 ,7 7 4 ........
C y m ric. 6 ,2 6 1
Iv ern la , 2 .3 7 9 — L a n ca stria n , 5 6 4 ........
T o M an ch ester, p er steam er K en sin g ton , 3 5 6 u p la n d an d
813 Sea Is la n d ....................................................................................
T o L on d o n , p er steam er M a n iton , 7 0 0 ............ ..........................
T o P a isley , p er steam er Furnessla, 41 Sea Is la n d ...................
T o H a v re, p er stea m er La B reta gn e (a d d itio n a l), 5 0 ............
T o B rem en, p er steam er M *in , 6 ,5 5 3 ............................... .............
T o A n tw e rp , per steam er B ritish E m p ire. 7 l 5 ........................
T o J a p a n , p e r steam ers In d ra n i, 3 0 0 ___ R ich m on d C a stle,
1 .5 5 0 .......................
T o C hina p er steam er In d ra n i, 5 0 0 ............. .................................
T o V era Cruz, p er steam er M on tevid eo, 1 0 . . . . . . . ........ ...
H s w O r l e a n s T o L iv e r p o o l-J a n . 16—S team er A s tro n o m e r.
4 ,1 1 8 ___ Jan. 1 9 —stea m er N eedles, 2 ,4 6 3 ........ Ja n . 2 0 S team er E le ctricia n . 5 ,0 9 7 ..................
T o M an ch ester Jan. 20—Str. M an ch ester S h ip p er. 10 ,990 .
T o B elfa st—Ja n . 2 0 - Steam er R a m ore H ead , 1 , 2 0 0 . . . . . . . . .
T o H a v r e —J a n 20—Steam er O orrlen tes, 7 ,0 3 4 ........................
T o M arseilles—Ja n . 17 Steam er F ederloa, 3 0 0 ......................
T o B rem en —Jan. 1 9 —Steam er M arla. 8 . 2 4 7 . . . . . . . .................
T o A n t w e r p -J a n . 2 2 —Steam er A sia, 3 5 0 ...................................
T o C op en h ag en - J a n . 2 1 —Steam er N ordtiy, 5 6 8 ......................
T o M a la g a -J a n . 2 2 —S team er A n n a, 1 , 0 0 0 . . . ..........................
T o G en oa Jan. 17—Steam er F e d e rlca , 6 ,0 2 5 ___ JaD. 2 2 Steam er A n n a, 3 , 5 0 0 .......................................................................
T o T r le s t e -J a n . 17—Steam er F ederloa, 6 2 5 ___ J a n . 2 2 S team er A n n a. 1 0 0 ............................................................... .. . . .
T o V era C r u z -J a n . 1 9 —S team er M alm , 10 ............................
G a l v e s t o n —T o L o n d o n —Ja n . 2 2 —Steam er C a yo M on o, 4 5 0 . . .
T o H a v r e -J a n . 17 Steam er M lraralchl, 5 ,8 2 1 .........................
T o B rem en—Jan. 17—Steam er Q u een sw ood . 8 ,5 5 3 ...............
T o H a m b u r g -J a n 2 0 -S te a m e r R a th m oor, 2 ,1 1 7 ...................
T o R o t t e r d a m -J a n . t 7 —Steam er M tramtohl. 8 ........................
T o A n tw erp Ja n . 2 1 —Steam er T h u rla u d C astle. 5 ,4 3 9 ----M o b i l e —T o B re m e n —Ja n . 30—S team er H u b ert. 7 ,4 0 0 ...............
P h n sa c o l a - T o B re m e n —Jan. 2 2 —Steam er M an ch ester C or
p o ra tio n . 1 3 ,9 7 9 ..................................................................................
S a v a n n a h - T o L iv e rp o o l—Ja n . 1 9 -S t e a m e r P y dn a , 3 ,0 8 4 u p
la n d a n d 50 8 ea Is la n d .....................................................................
T o M a n ch ester—Ja n . 1 7 —Steam er D aven try, 5 ,3 5 2 n p la n d
an d 2.713 Sea Isla n d ..J a n . 1 9 —Steam er P y d n a , 697
u p lan d and 172 Sea I s la n d ............. ...............................................
T o B rem en Ja n . 17 Steam er A ca cia , 1 0 ,7 8 4 ......... ...............
T o O p o r t o -J a n . 1 7 —S team er A oa cla . 1 0 0 ..................................
T o L is b o n -J a n . 1 7 —Steam er A oa cla , 1 0 0 ................. ...............
T o B ilbao - Jan. 19 -S t e a m e r P v d n a . 3 0 0 ................. ...............
B r u n s w ic k —T o L iv e r p o o l—J a n . 22 S team er R ook oliff, 2 ,4 4 5 .
T o M a n ch e ste r—J a n 2 2 -S t e a m e r R ook oliff. 3 .1 7 2 ...............
W il m in g t o n —T o L iv e r p o o l—Ja n . 17—Str. C ity o f G lou cester,
8 .1 5 7 .........................................................................................................
N o r f o l k —T o H a m b u rg J a n . 2 1 —S team er D a n ia , 1 ,0 0 0 ..........
B osto n - T o L iv e r p o o l—Ja n . 15—Steam ers M erlon , 7 ,8 3 7 ;
U lton ia. 1 ,8 2 7 ___ Ja n . 17—Steam er M lohtgan, 1 .2 9 2 ____
B a l t im o r b —T o L iv e r p o o l-J a n . 16 -S te a m e r V ed a m ore, 7 3 0 ..
T o H a v r e —Jan. 1 2 - Steam er E n g lish K in g, 5 0 0 .......................
T o B re m e n —Jan. 16—Steam er B reslau , 3 ,7 4 3 ..........................
T o H a m b u rg —J a n . 1 7 -S t e a m e r B osn ia , 1 ,1 0 0 ........................
P h i l a d e l p h ia —To L iv e rp o o l Jan. i s —Str. N o o rd la n d , 4 2 1 ...
T o A n tw e r p - J a n . 16—Steam er S w itzerlan d . 1 5 0 ...... .......... .
S an F r a n o is o o —T o J a p a n —J a n . 2 0 —Steam er K o re a , 2 ,6 2 7 . . .
T a o o m a —T o J a p a n —J a n . 2 0 —Steam er M oyu n e, 8 9 7 ....................
1 1 ,978
1,1 69
700
41
50
6,5 5 2
725
1 ,8 5 0
500
10
11 ,6 7 8
1 0 ,9 9 0
1 ,2 ^ 0
7 ,0 8 1
30 0
8 ,2 4 7
350
563
1.0C0
9,5 25
725
10
450
5,821
8 553
2,1 17
8
5 .4 3 9
7 ,4 0 0
13,979
3,1 1 4
8,9 34
1 0 ,7 8 4
100
10 0
300
2,4 4 5
3 ,1 7 3
8,1 57
1 ,0 0 0
1 1 .0 0 6
730
50 0
3 .7 4 3
1 ,1 0 0
421
150
2 ,6 2 7
897
. . . . . . . . . . . . . . . . . . . 178,299
Total
Exports to Japan since Sept. 1 have been 99,010 bales from
the Pacific Coast and 2.700 bales from New York,
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
steamer (Ger.). from New York. Jan. 19. for Bremen, with
6,552 bales of cotton, returned to port same day with lire In her
cargo. The tire was quickly extinguished. It was found that 5
bales were scorched and burnt on the outside, and these, with 16
bales that had become wet on the outside, were taken out and
placed en the poopdeck. The vessel prooeeded to destination.
M a in ,
Cotton freights at New York the past week have beet
as follows.
Satur.
Liverpool........... c.
Manchester........ c.
Havre..................c.
Bremen............... c.
Hamburg............ c.
Ghent.................. e.
Antwerp............. c.
Reval, lndlreot..e.
Reval, via Canal.c.
Barcel’na.lnd’r't.c.
Genoa................. e.
Trieste.................e.
Jaoan (via 8nes).e.
12
12
26*
15
15
21
15
27
32
29
14
25
45
Mon.
Tue*.
12
12
26*
17*
15
21
15
27®28
32
29
14
25
45
12
12
26*
17ia
15
21
15
27328
32
29
13
25
45
Wedne*. Thurt.
12
12
26*
17ia
15
21
15
27 S 28
32
29
12913
25
45
Fri.
12
12
12
12
26*
26*
17*
17ia
15
15
21
21
15
15
27-328 27928
32
32
29
29
12 913 12013
25
25
45
45
Quotations are oents per 100 lbs.
L iverpool .—By cable from Liverpool we have the follow
ing statement of the week’s cables, stocks, &c., at that port.
Jan. 2.
•ales o t t h e w e e k ...........b a les.
OI whloh e x p o r t e r s t o o k ..
Ol whloh s p e c u la to r s to o k
Bales Amerloan..........................
Actual e x p o r t . . . .......................
Forwarded......... ........................
Total stock—E s tim a te d .........
Ol whloh Amerloan—E st’ d
Total Import o l the week____
Ol which A m e r ic a n ....___
Amount afloat............................
Ol which Am erloan...............
31,001
40C
28,000
8,000
84,000
60 5,00 0
540,000
201.000
170.000
279,000
2 4 0.00 0
Jan. 9.
62.000
2,000
3,000
52,000
12,000
10 2,00 0
6 4 3,00 0
6 6 6,00 0
153.000
125,000
22 7,00 0
19 0,00 0
Jan. 16
43.000
1,000
1,100
44.000
19,000
70 .000
619 000
54 4,000
65,000
38.000
2 8 0,00 0
2 4 5,00 0
Jan. 23
62,000
1,400
3,300
54.000
7,000
75.000
6 - 6 000
5 6 4,00 0
99,000
89 ,000
254,000
22 1,00 0
Spot.
221
Sat’day.
M ond ay. T uetclay. W ed’ d ay. T h u n d ’ y
Market, ?
iS :80 P. M. (j
Quiet.
Fair
bnalnesi
doing.
« l d . U p l’ ds
4-78
4 82
tales.........
ipeo. A exp.
7 .0 0 0
500
1 2 .0 0 0
1,0 0 0
Fair
business
doing.
4 80
1 0 ,000
500
fr x d a y .
Good
In buyers’
demand.
t avor.
Firm,
4 80
4-84
1 2 .000
1,000
12 .000
1,000
fu tu r e * .
s t’d j Steady at Br’ly st’ dy Quiet at
Market i Br’3lypta.
3 pta.
1 Dt
partially
•pened. ) decline. advance. decline. I pt. dec.
i '8 4
1 0 ,0 0 0
1.0 0 0
Firm at
Steady,
1&2 pta.
advance. unchang’d
Steady at Steady at Steady at Steady, B r ly s t ’dy 3teady at
Market, { 2@
3 * pis. 2 @ 3 * pta.
3 pta.
unebang’d i<&2* pta. 2 * -3 * pta.
4 PM.
] decline. advance. deollne
t o * p t .a d . advance, decline.
The prices of futures at Liverpool for eaoh day are given
lelow, Prioes are on the basis of Uplands, Good Ordinary
■lanse, unless otherwise stated.
n r The prieet are given in pence and 1001A.
Thu*: 4-67 mean*
4 6 7 -1 0 0 d .
S a t.
IQ on .
T oes.
W ed,
T h ar*
F r l.
Jan. 17 Jan. 19
Jan . 20
Jan. 21
Jan. 22
Jan. 23.
12*
4 12*
4 12*
4 12*
4 12*
4 1 2 *1 1
P. M. P. M. P.M. P.M. P. M. P.M. P.M. P.M. P.M. P. u P. M. P.M.
d.
J a n u a r y ___ 4 73
4
73
lan. K eb..
Feb -Mch . 4 73
Mch.-A p ril. 4 74
A p r ll-M a y .. 4 74
Way-Jnne. 4 75
la n e Inly,.. 4 75
July-Aug... 4 75
4ug.-8ept... 4 67
8 ept.-Oot__ 4 47
Got Nov__ 4 38
Nov.-Deo..
d.
a.
4 73 4 76
4 73 1 76
4 73 4 76
4 73 4 7e
4 74 4 77
4 75 4 78
4 75 4 78
4 74 4 77
4 6 7 4 70
4 49 4 50
4 3 6 4 39
d
4
4
4
4
4
4
4
4
4
4
4
76
76
76
76
77
78
76
78
71
51
40
d
4
4
4
4
4
4
4
4
4
4
4
74
74
74
75
76
77
77
76
69
50
39
d
4 73
4 73
4 73
4 73
4 74
475
4 75
4 75
4 68
4 4H
4 37
4
4
4
4
4
4
4
4
4
4
4
d
74
74
74
74
75
76
76
76
€9
48
37
4
4
4
4
4
4
4
4
4
4
4
d
73
73
73
74
75
76
76
75
68
48
37
d
77
77
77
77
78
79
4 79
4 78
4 70
4 49
4 38
4
4
4
4
4
4
4
4
4
4
l
4
4
4
4
ft
76
76
76
76
77
77
77
77
69
4 »7
4 36
d.
4
4
4
4
4
4
4
4
4
4
4
75 4
75 4
75 4
75 4
76|4
7 7 14
77i 4
77 4
69 4
4« 4
37 4
tf.
72
72
72
72
73
74
74
74
66
47
36
....
Jute Butts, B agging, Etc.—The market for jute baggieg
has been devoid of feature daring the week nnder review,
Trade has been dull and prices nominally unchanged at 6c.
for
lb?, and 61^c. for 2 lbs , standard grade?. Jute butts
also dull at 1}£@1%C. for paper quality and 2@2}4c. for bag
ging quality.
BREADSTUFFS.
F riday , Jan. 23, 1902.
A fairly large volume of business has been transacted in
the market for wheat flour, and at advancing price?. Tbere
has been a revival of the export demand from the United
Kingdom, purchases during the week including moderate
lines of Kansas and winter-wheat patents, and there have
also been fairly large sales to South Africa. The buying by
local jobbers has not been on an extensive scale, they being
opposed to purchasing supplies in advance of well defined
current wants. City mills have been in fair demand and
firmer. Rye flour has been in fairly active demand at about
steady prices. Buckwheat flour has been quiet. Cornmeal
has been in fair demand and firm.
Speculation in wheat for future delivery has been fairly
active and the tendency of prices has continued towards a
higher basis. Advices from the West have reported free buy
ing for the account of a strong financial interest, and this de
mand has been a prominent factor in advancing prices. Bear
operators have shown considerable nervousness, and they
have been buyers to cover short sale?. The European mar
kets have responded readily to the strong advices form this
country, and there has been free buying for Earopean ac
count in both the cash markets and in futures. The export
sales for the week here and at outports amount to about
3,000,000 bushels. Cable advices from France have brought
reports of crop damage in that country. The outlook for the
crop in a number of provinces in Russia is reported as unsat
isfactory, the crop news from India is not favorable and the
marketing of the Argentine crop is delayed by wet weather.
The Cincinnati “ Price Current,” in its weekly review of the
condition of the growing winter-wheat crop, says that wheat
is mostly protected east of tbe Missouri River. Some in Kan
sas is not looking quite so well, but the generally favorable
condition is maintained. To-day the market opened firmer
in response to stronger foreign advices, but reacted under
free profit-taking sales. The spot markets continued active.
The sales for export here and at outports were 400,000 bushels.
DAILY CLOSING PRICES OF NO. 2 B I D W IN T E R W H EAT IN N E W V O H K .
ga t
Mon.
Tue*.
Wed
T h u rt.
fr i.
lash wheat f. o. b ............ 8 2 *
8278
84
S 3*
82 78
83*
March delivery In elev... 8 4 *
....
85
8.*.*
8 ± 7$
84*8
82 78
8319
83*
May delivery In elev...... 821-4
82Tg
83*
79*
July delivery in elev....... 79ia
8 0 19
£0*
80*
79 7a
DAILY CLOSING PRIOES OP NO. 2 SPRING WHEAT IN CHICAGO.
Jan. delivery In elev.......
Hay delivery In elev.......
July delivery In elev......
Sat.
76*8
74®9
Mon.
79*
740b
Tue*.
Wed.
T h u rt.
fr i
75 T8
763s
SOas
75*
81*
7 t*
81*
79*
74*
•••
75*
Indian corn futures have been fairly active, and prices for
The tone of the Liverpool market for spots and fntnres the week show an advance. The rise in values in the local
eaoh day of the week ending Jan. 23 and tbe daily closing market has been most pronounced for January delivery,
which has advanced sharply on an effort by shorts to cover
prloesof spot cotton, have been as follows.
THE
222
CHRONICLE
outstanding contracts. The advices received from the West
have reported fairly liberal country acceptances, but the sup
plies comiDg forward to the New York market have been
small, owing to the refusal of the railroads to accept grain
for transportation East before late February or March, due
to cougested condition of freight traffic. The spot markets
have been firmer and higher for export grades. Foreign
shippers, however, have continued active buyers, but their
purchases have been almost exclusively for shipments via the
outports. The export sales reported for the week amount to
about 2,250,000 bushels. To-day the market was firm and
prices for January advanced sharply on shorts covering. The
spot markets were less active. The sales for export here and
at outports were 180,000 bushels.
DAILY GLOBING PRICES OP NO. 3 iQXED CORN IN N E W F O R K .
r««»,
Wed. Thurt.
60%
61
61
60%
d a sh corn t. o. b .......... 60
J a n . d e liv e r y In e le v ......... 58%
60
65
65
6^
54 %
53%
M a rch d e liv e r y in e l e v .. 54 %
55 %
54%
493a
48 %
50 %
M ay d e liv e r y in e le v ........ 49%
49%
48%
J u ly d e liv e r y in e l e v ___ 48
48%
4 7 7s
48%
DAILY CLOSING PRICES OB' NO. 2 MIXED CORN IN C H I C A G O
Sat.
M on.
Tue*.
W ed.
Thurt.
473a
4 6 78
47%
47%
J a n . d e liv e r y in e l e v ........ 4 8 %
M a y d e liv e r y in e le v ........ 4 3 %
43%
44 %
44%
44 %
42%,
433s
J u ly d e liv e r y in e le v ___ 4 2 %
43
42%
423s
42%
43
S ep t, d e liv e r y in e l e v ___ 4 2 %
42%
Sat.
Mott.
Fri.
60 %
67%
55%
50
48%
.
Oats for future delivery at the Western market have been
moderately active. Early in the week prices weakened
slightly under sales by speculative holders to realize profits,
prompted by free country acceptances. Subsequently, how
ever, the market turned firmer in sympatny with the
strength of other grains and on buying by shorts to cover
contracts. Locally the spot market has been firm and higher,
due to small offerings and the inability to bring supplies fo r
ward from the interior. To-day the spot market was firm
and higher.
DAILY GLOBING FRIGES OP OATS IN N E W F O R K .
Sat.
Mott.
Tut*.
42%
42%
No. 2 m ix e d in e l e v ........ 4 2 %
B o. 2 white in e l e v ........ 4 3 %
43 %
41
DAILY CLOSING PRICES OP NO. 2 MIXED OATS
Sat,
Mott. Tue*.
J a n . d e liv e r y in e le v ....... 34
31
34
36
M ay d e liv e r y in e l e v ___ 3 5 %
35%
323s
32%
J a ly d e liv e r y in e l e v . . . . 3 2
Wed.
Thun.
in
43
43%
44
44%
44%
44%
IN C H I C A G O .
Wed.
34
36%
32%
Shurt. Ir i.
34%
36%
32%
34%
36%
32%
Following are the closing quotations:
FLOUR.
Fine...——. . ....
$2 60 9 2 70
Patent, w in ter....S 3 85 0 4
2 75 t>2 85
Superfine, —
City mills, patent. 4 60 0 4
Cxtra, No. S. . „ „ 2 85 9 2 95
Rye flour,superfine 2 90 0 3
2 95 93 20
Extra, No. i
Buokwheat flour.. 2 20 ®2
Clears..
.... 3 15 0 3 50 Corn meal—
Straights.
... 3 60 0 4 15
W estern,etc... . . 3 00 9 3
Patent, spring.... 4 25 0 4 85
B ra n d y w in e___
3 10
(Wheat flour in sacks sells at prices below those lo r barrels.)
Bayers of cloakings are operating indiiferently. There is
more business doing in woolen and worsted dress goods, some
good orders having been taken for new lines of staples for
fall. The market is firm,
d o m e s t ic C o t t o n W o o d s . — The exports of cotton goods
from this port for the week ending Jan, 19 were 1,920
packages, valued at $109,793, their destination being to the
points specified In the tables b elow :
skw
10
85
55
30
05
1903.
1902.
Week. S in ceJ u n .l.
free*. Since Jan. 3
Y o r k t o J a n . 19.
O r e a t B r i t a i n .................
O th e r E u r o p e a n . . . . . ............
C h in a ___ . . . . . .
..
I n d i a ________ _________ _ . . . . .
A r a M a ........ .................. ...............
A f r i c a _________ _. . . . . . . . . . . .
W est I n d ie s .
M e x ic o ______ ______. . . .
C e n t r a l A m e r ic a ____ . . . . . . .
S o n t h A m e r i c a _______ .......
o t h e r C o u n t r i e * . ___ . . . . . . . .
Iri.
46%
44 %
43%
42%
[V o l . L X X V I.
T o t a l ------------------ -------------
9
95
50
188
7
752
9
23 3
526
51
~ 62
136
2 2 2^ 0
1,4 82
2 ,9 9 8
449
2 ,6 6 2
73
713
3 08 5
50 3
181
612
17
48
1,0 3 9
138
12 5
120
6 804
1 ,5 2 4
1 ,7 5 0
1,0 0 7
1,5 2 5
72
22 3
3 ,1 6 5
69 8
1 ,9 2 0
3 4 ,2 9 3
2 ,6 3 7
1 7 ,0 1 3
.....
80
32
490
The value of these New Xork exports since Jan. 1 to date
has been $1,472,025 In 1903, against 8,777.913 in 1902.
The tendency of the market for heavy bro wn sheetings and
drills is against buyers and advances of y&o. to J^c. have been
made in several directions. The home demand shows some
improvement, but export buying has been on a light scale.
Fine yarn sheetings are in fair demand for converting pur
poses, and decidedly firm. The feature in bleached muslins
has been an advance of %c. in the finest grades of 4-4 makes.
Prices are firm for other grades, with a fair demand.
Bleached cambrics are scarce and very firm. The market
rules firm also for wide sheetings in all qualities. Ducks,
both grey and colored, are firm. Denims, plaids, ticks and
other coarse, colored cottons continue well sold u d and sellers
are careful in taking forward orders. Kid finished cambrics
have advanced y%z. per yar I. There is an improving de
mand for both staple and fancy prints and the market is firm
in tone. Gingham fabrics also are firm. Napped goods are
heavily sold ahead in both plain and fancy liaes. Regular
print cloths have advanced to 3%c., with a limited business,
and that price is bid for a good quantity at the close. Narrow
odds are in good request and stroag. Wi ie goods are quiet
aud prices have not undergone any change.
F o r e ig n D r y G o o d s .—The demand for foreign dress goods
has been good for fine grades during the week at full prices.
Silks and ribbons continue firm, with a fair demand. Busi
ness in linens is also fair at previous prices. Burlaps are
steady, but the demand is quiet.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Jan. 22, 1903, and sinoe
January 1, 1903, and for the corresponding periods of last
year are as follows:
GOODS
TRADE.
(0
k
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1 12,133,936
N e w Y o r k , F r i d a y , P. M,, Jan. 23,1903.
Conditions in the cotton-goods division of the market are
not growing any more favorable for buyers even though the
demand has hardly developed to the extent expected. The
fact that the market is a hard one to work in is probably tell
ing against a fuller business, but there is nevercueless a lack
of disposition to endeavor to fill forward requirements some
what singular under prevailing circumstances. Current un
sold supplies iu the aggregate are decidedly moderate and are
not increasing in any quarter. The tone of the market is
very firm, and all changes in prices are in an upward direc
tion. Sellers are fortified by the stock conditions and by the
high cost of production, to which raw cotton and coal con
tribute largely. It is also evident that production is being
interfered with owing to the difficulty a number of mills ex
perience in securing coal supplies. Reports are comiag to
hand of mills shutting-down or running less than full time on
that account. The print cloth division is notably strong. In
woolen goods new liaes of fancies opened this week support
the advances made earlier in staple lines.
W o o l e n G oods —Business in men’s-wear woolen and
worsteds in new fall weights has been of fair extent, but not
up to the expectations of the general run of sellers. There
has been considerable disappointment over the comparatively
indifferent movement of clays and serges in staple lines, and
of the fancies opened this week only a limited number have
attracted the attention of buyers to any extent. The new
lines upon which prices have been named since last report
show advances of from 5 to 10 per cent, a number of the
leaders being lower than the trade had looked for.
Clothiers, however, appear to be cautiously inclined until the
season is more fully developed. Re-orders of light weights
have been of quite moderate extent and without special
features. In overcoatings the kersey is still the fabric in
chief request. There is a fair demand for these, but other
varieties are quiet, with more or less irregularity in prices.
p
s
p
*<
w
.
DRY
a
>■* 0 H
o 't o
et
Manulaoturesol—
W ool ___ __ . .. ...
C otton. . . . . . . . . . . .
Silk ____________
Flax..........
Miscellaneous. .. ...
THE
Total ..... ..............
Ant’ d for oonsamp.
I m p o r t a t io n * a u d 4V areU ou*e W i t h d r a w a l * o f D r y G o o d s
Corn, per bash.—
e.
e.
Western mixed...........59 068
No. 2 m ix e d .... . .
f. o. b.60%
No. 2 yellow ............
f. o. b.58
No. 2 white..............
f.o . b.58
Rye, per b a s h western
.......... .. 57%®60%
W h ite ....................... 4 4 0 4 7
state and Jersey....... 55 0 5 7
No. 2 m ixed .. . . . . . 44 0 4 5
Barley—West............... 48 « 6 6
No. 2 w h ite ........ 44% 945%
Feeding.........................42 9 4 5
W F or eth er ta ble* u su a lly given h ere see sa g e 19 0.
e.
o.
f.o . b. 91%
f. o. b.90
f. o. b.83%
f. o. b.88%
43%®45%
Totallm ports ......
GRAIN.
Wheat, per bush.—
Hard Dal., No. 1 ..
N’thern Dal., N o.l
Red winter. No. 8
Nort’n Dal. No. 2.
Oats—Mix’d,p.bash.
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J anuary 24, 1903.]
THE
CHRONICLE.
223
them from issuing the same. The bonds are to mature onefifth yearly, all being subject to call after one year.
Atkins Sehool District, Pope County, Ark.—Bonds Pro
posed.—A loan of $5,000 for school purposes is provided for
in a bill now before the Legislature.
News Items.
Barnesville, Ohio.—Bond Offering.—Proposals will be re
Fort Worth, Tex.—Bonds Valid.—In a suit recently insti ceived until 12 M . , February 11, by E. M, Wilkes, Village
tuted in the Federal Court, judgment was rendered on Jan Clerk, for the following bonds :
uary 7 against the city for $40,108 09, with interest at 6%from |6,091 00 3H* C h u r c h S tr e e t im p r o v e m e n t b o n d s , m a t u r in g o n e b o n d f o r H 9 1
o n J u ly 1, lt-01. a n d o n e b o n a f o r e a c h y e a r f r o m J u iy 1 . 1905. t o
January 7, being amount due on matured interest coupons.
1918. in c lu s iv e .
The decision in effect upheld the validity of the bonds, the 4,888 5223H* B r o a d w a y S t r e e t I m p r o v e m e n t b o n d s , m a t u r in g o n e b o n d f o r
*33:t
52 o n J u ly 1 ,1 9 0 4 . a n d o n e b o n d f o r f 325 e a c h y e a r f r o m J u ly
Court in substance saying that the recitals in the bonds
1 ,1 9 0 5 , t o 1 9i8 , i n c l u . i v e .
themselves were a complete estoppel and that nothing occur
Interest will be payable semi-annually. Accrued interest
ring prior to the execution of the bonds by the Mayor would to be paid by purchaser. Certified check for $200 (or cash)
by the Court be inquired into. The defense set up was that payable to the City Clerk required.
the bonds are invalid on account of certain irregularities in
Bartow, Polk County, Fla.—Bonds to be Issued.—This
their issuance.
city last November, by a vote of 76 to 13, authorized the
Subsequent to this decision a resolution was adopted Jan. issuance of $15,000 5% 30 year electric-light and sewerage
16 by the City Council reciting that the city is in arrears bonds. Interest, semi-annual. Proposals for these bonds
$161,980 in interest due since May, 1901, including the cou will be received at any time by E. C. Stuart, President City
pons maturing Feb. 1, 1908, and directing that the $78,000 Conncil.
available in the interest funds be applied on past-due cou
Bay City, Mich.—Bonds Proposed.—This city seeks legis
pons, beginning with that earliest due, provided that the lative authority to issue $125,000 refunding bonds.
bondholders withdraw their suit and accept the face of the
Bond Sale.—On January 19 the $10,000 4% 30-year refund
coupons as payment in full. At the same meeting of the ing water bonds described in the C h r o n i c l e Jan. 10 were
City Council a resolution was adopted favoring an amend awarded to W. J. Hayes & Sons, Cleveland, at 105 83—a
ment to the city’s charter so as to enable the city to sell its basis of about 3 678£. Following are the bids :
water-works, provided the question of selling same be sub W . J . H a y e s A 9 o n s . C le v e la n d . 105-83 I F. L . F u lle r ft C o., C le v e la n d ___ 102*20
Otis, W ils o n ft C o .. C h ic a g o . . . . 105-720 | T h o m p s o n , T e n n e y ft C r a w fo r d
mitted to a popular vote of the citizens.
105 04
C o ., C h ic a g o ......................................101‘ 02
Massachusetts.—Street Railway Bonds Legal for Savings TDreonwisbornid. gPer io& rNftivCeor., CCol.,e vCeh......
ic .103*05 | S e a B o n g o o d ft M a y e r , C in c ln ....lO O -;2 8
Banks.—In compliance with the provisions of Seo. 2 of Chap.
Bayonne, N. J .—Bond Sale. —On January 20 the Common
483, Acts of 1902 [see S t a t e a n d C i t y S u p p l e m e n t for Octo Council accepted an offer of 101 ‘50 made by Farson, Leach &
ber, page 17, for text ot law], the Board of Railroad Commis Co., New York, for the $35,000 4%i 20-year bonds for which
sioners has transmitted to the Board of Commissioners of all bids received on Dec. 23, 1902 were rejected. Purchasers
Savings Banks the following list of street railway compa will pay accrued interest from Jan. 1, 1903, the date of the
nies, incorporated in Massachusetts, which appear, from the bonds.
returns made by them, to have annually earned and prop
Beaver Dam, Wis.—Bond Offering.—Proposals will be re
erly paid, without impairment of assets or capital stock, ceived until 2 p m ., January 28, by F. J. Mirlach, City Clerk,
dividends of not less than 5£ per annum upon their capital for $50,000
coupon refunding bonds. Denomination,
stock for the past five years :
$1,000. Date, Jan. 3, 1903. Interest semi-annually at the
N ew ton St. R y . C o.,
A th o l & O ran ge St. R y. C o.,
office ot the City Treasurer. Maturity, $2,000 Jan. 3, 1904,
B oston & N orth ern St. R y C o.,
N o rth a m p to n St. R y . C o.,
and $4,000 yearly on January 3 from 1905 to 1916, inclusive.
D artm ou th & W e stp o rt St. R y .C o ., P ittsfield E le c tr ic St. R y . C o.,
Total debt, including this issue, $57,000; assessed valuation,
S p rin gfield St. R y . C o.,
E a st M idd lesex St. R y. Co..
$3,010,039. Principal of bonds may be registered at the op
F itch b u rg & L eom in ster St.R y .Co., U n ion St. R y . C o.,
W est E n d St. R y . Co.
H o ly o k e St. R y . Co..
tion of the purchaser.
H oosa o V a lle y St. R y . C o.,
Bedford (Ind,) School District.—Loan Proposed.—This
The Board of Commissioners of Savings Banks will, as district may borrow for school purposes, if House bill No.
soon as possible, prepare a list of bonds issued by these com 51 now before the Legislature becomes a law.
Bellaire, Ohio.—Bonds to be Issued.—This place proposes
panies which will be lesal investments for the savings
to issue $50,000 4%10-year bonds ($500 each) for the purpose
banks of the Commonwealth of Massachusetts.
flew York State.—Franchise Tax Law Unconstitutional.— of repairing the water works. Date of sale not yet deter
By a vote of 3 to 2, the Appellate Division on Jan 20 de mined.
Berwyn, 111.—Bond Sale.—This village has sold an issue
oided that the Franchise Tax Law of 1899 (see C h r o n i c l e
electric-light plant bonds to Dake M. Farson
May 27, 1899,) is unconstitutional in that it takes the power of $12,0u0
of assessment from the local officials and imposes it upon the & Co Chicago, at 102-50. Bonds mature in 1922.
Biloxi, Miss.—Bond Sale.—On January 15 the $18,000 5£
State Board of Tax Commissioners, thus violating the homerule principle of the Constitution. The case will be taken to water-extension bonds described in the C h r o n i c l e Dec. 27
the Court of Appeals. See editorial commeLts on decis on were awarded to Weil, Roth & Co., Cincinnati, at 103-50.
Following are the bids :
in article under Financial Situation elsewhere.
e ll, R o t h ft C o ., C in c in n a ti $18,030 00 l F. L . F u lle r & C o ., C le v e la n d .$ 1 8 ,0 0 0 00
Northampton, N. Y.—Bonds Illegal.—A decision of Judge W
F . R . F u lt o n ft C o ., C h ic a g o ..» 1 8 ,285 00 |
Coxe at Utica holding invalid $30,000 l i bonds issued in 1872
Buffalo, N. Y.—Bond Sale.—On January 17 the $100,000
in aid of the Gloversville & Northville Railroad has been up
(serial) abatement-of-nuisance bonds (lot one)
held by the United States District Court of Appeals, before were1-20-year
t<5 the German Insurance Co., Buffalo, at
which the case was argued in December. The suit was one 102—aawarded
basis of about 3-274^ and the $17,669 36 3^% 20-year
brought in 1899 by John R. Clarke of Colorado Springs to grade-crossing
bonds (lot two) weie awarded to Jos. E.
recover $1,912 past-due interest.
Gavin of Buffalo at 103 745—a basis of about 8'244£. Fol
lowing 8re the bids:
State
adu
City jjEfAWMENT.
Bond Proposals and Negotiations this
week have been as follows :
Akron, Ohio.—Bond Sale.—On January 17 this city sold
the $4,000 5£ sewer bonds described in the C hronicle Dec.
13 to Denison, Prior & Co., Cleveland, at 101-50.
Albany, N. Y.—Bonds Proposed.—The issuance of $40,000
judgment bonds is provided for in a bill reoently introduced
in the State Legislature.
Allegheny, Pa.—Bond Election.—At the election Feb
ruary 17 the question of issuing $4S,460 Fleming Avenue
and $7,490 Drum Street grading, paving and curbing bonds
will be voted upon.
Anderson County, Tenn.—Bonds Proposed.—This county
is considering the question of issuing bonds for road pur
poses.
Ashland, Ohio.—Bond Offering.—Proposals will be re
ceived until 12 M , February 12, by the Mayor and Village
Clerk, for $8,000 5% water bonds. Securities are in denom
ination of $1,000, dated Jan. 1. 1903 Interest will be pay
able semi-annually at the First National Bank of Ashland.
Principal will mature $1,000 each six months from Jan. 1,
1904, to July 1, 1907, inclusive. Bidders must satisfy them
selves as to the legality of the bonds before bidding, and
must so state in bids. A certificate of depositffrom the First
National Bank of Ashland for 5% of the par value of the
bonds bid must accompany proposals. Accrued interest to
be paid by purchaser. S. W. Hull is Village Clerk.
Ashland, Wig.—Bond Issue Enjoined.—We are advised
that tbe disposal of $31,606 52 6% improvement bonds to the
Barber Asphalt Paving Co. has been prevented for the time
by injunctions beiDg served on the city officials restraining
Lot 1.
B u ffa lo G e r m a n I n s u r a n c e C o., B u ffa lo .............................. 102*00
J o s . E. G a v in . B u ffa lo ............................................................. 101*8e6
E r ie C o u n t y S a v in g s B an k ......... ........................................... 10F 64
T r u s t e e s T e a c h e r s ’ R e t . F u n d , B u ffa lo ..............................................
R . L . D a y ft C o.. B o s t o n ............................................................. 1OO’ 089
W . J. H a v e s & S o n s, C le v e la n d ..............................
........ 100-581
N . W . H a r r is ft C o.. N ew Y o r k ....................................... .
100-531
P a r k in s o n 4 B u r r , B o s t o n ........................................................ IOC-388
L o t 2.
103-00
10**745
102-18
103*00
..........
..........
100‘ 5S1
..........
For description of bonds see C hronicle , V . 76, p. 120.
Bond Sale.—The sinking funds of this city recently pur
chased as an investment a bond for $6,315 48 to meet a de
ficiency in the Law Department, same to mature July 1,
1903; also a 3£ 1-year monthly-work bond for $9,613 34.
Caldwell County, Texas.—Bond Election.—An election
will be held in this county to vote on the question of issuing
$50,000 road bonds.
Camden County, N. J. —Bonds Authorized.—The Board of
Freeholders on January 14 authorized the issuance of $630,0C0 4%40 year bonds for the erection of county buildings.
Canton School District, Fulton County, 111.—Bonds Au
thorized.—This district has voted to issue $35,000 4% highschool-improvement bonds. Denomination, $1,000. Date,
probably March 1,1903. Maturity, $3,000 in 1913 and $4,000
yearly thereafter. Date of sale, about March 1, 1903.
Cazenovia, N. Y.—Bond Sale.—On January 10 an issue of
$3,500 4%water works bonds was awarded to the Cazenovia
National Bank at par. Denomination, $500. Date, Jan. 12,
1903. Interest, annual. Maturity, $500 yearly on January 12
from 1904 to 1910, inclusive.
Chaffee County (P. O. Buena Ylsta), Colo.—Bind Sale.—
On January 14 $224,500 5£ 10-20-year (optioral) refunding
bonds dated March 2, 1903, were awarded to Rudolph Kleybolte & Co., Cincinnati, at 101-593. Following -re the bids:
R. K l e v b o lt e ft C o ., C in o tn . $227,875 00 I F irst N a t. B 'k , ) F o r $2'.C 0 0 .$25,750 OO
S a lld a S ta te B a n k .................... 220.800 00 I S a fin a ............. f i r 25,000.. 2?. T O 00
luttrest wilt be {.aid semi-annually.
224
THE CHRONICLE
Charlemont, Mass.—Bonds Proposed.—A. petition has been
presented to the State Legislature for authority to issue
$7,500 bonds outside of the debt limit for a new school house.
Chattanooga, Tenu.—Bonds Proposed.—Tae Public Im
provement Committee oa January 13 decided to ask the Leg
islature for authority to issue bonds in the sum of $550,0Q0
for public improvements. The improvements contemplated
provide for $125,000 for a lighting plant, $50,000 for parks,
$200,000 for streets and sewers, $75,000 for schools and $100,000 for a new city hall.
Chester, Pa.—Bond Offering.—Proposals will be received
until 12 M . January 28, by Frank W. Harrison, City Clerk,
for $85,000 8
bonds. Authority, Act of May 23, 1899. De
nomination, $500. Interest semi-annually at offi ;e of City
Treasurer, clear of State tax. Maturity, $25,000 in ten years,
$30,000 in twenty years and $30,000 in thirty years. Certified
check for 1%of the amount bid required.
Chippewa Falls, Wis. —Bond Sale.—On January 16 the
$25,000 4% 10-year refunding bonds, dated D jc. 1, 1902, were
awarded to Farson, Leach & Co., Chicago, at 101*07. Fol
lowing are the bids :
(VOL. L X X V I.
man Board of Supervisors, or else cash to that amount, re
quired. Accrued interest to be paid by purchasers. No conhiiional bids will ba considered.
Dyersburg, Tenn.—Bond Sale.—This city has sold an issue
of $50,000 4% 20-year water works and light bonds to the First
National Bank of Dyersbnrg.
Bonds Proposed.—A bill has been introduced in the State
Legislature providing for the issuance of $60,000 sewer bonds.
Elizabeth, N. J.—Bonds Authorized.—The City Council
has authorized the issuance of $20,000 4£ school house-addi
tion bonds. Denomination, $500. Date, Feb. 1, 1903. In
terest semi-annually at the National State Bank of Eliza
beth. Maturity, Feb. 1,1923.
Elkhart Township (P. O. Goshen), Elkhart County, Ind.
—Subsidy Election.—The County Commissioners have or
dered a special election held iD Elkhart Township February
10 to vote on a proposition to give a subsidy of $30,000 to the
Fort Wayne & Goshen Railway Co., of which $25,000 is to
be paid when the road is built to Labe Wawasee, and the
other $5,000 when the road is built to Fort Wayne, if built
in 1904,
Essex County, N. J.—Bonds Proposed,—A bill before the
F a r s o n , L e a c h & C o ., C h ic a g o . ..1 0 1 -07 I R . K l e y b o l t e * C o . , C in c in n a t i..100 51
T r o w b r id g e & N iv e r C o., C h i c .. .101*06
T h o s . J . B o lg e r & C o., C h ic a g o . 100-40
State Legislature permits the issuance of $500,009 additional
N . W . H a r r is & C o., C h i c a g o . . . . 100*78 I
court-house bonds.
Cincinnati, Okie.—Bond Sale.—Oa January 23, the$l,000,Everett, Mass.—Temporary Loan.—On January 22 this
000 S}4% water-works bouds were awarded to tue Atlas Na city awarded $50,000 temporary loan notes to Jose, Parker &
tional and the Western German National banks at their j "tint Co., Boston, at 3'97£ discount. Following are the bids:
b id o f 101'56. For description of bonds see C h r o n ic le Dec. J o s e , P a r k e r * C o., B o s t o n ..3 97;? d is c . I B la k e B r o s . & C o ., B o s t o n
L o r in g , T o lm a n & T u p p e r ,
($2 p r e m iu m )................... ...4*20j( ln t .
27, 1902, p. 1421.
B o s t o n ........... ............. ..........4*07^ d is c . I
Clinton, Mass.—IVbfe Issue.—We are advised that the Clin
Date of loan, Jan. 23, 1903. Maturity, Oot. 23, 1903. Loan
ton Savings Bank will take $8,030 1-6 year (serial) library was
made in anticipation of the collection of taxes.
notes to be issued by this town about January 31.
Fayetteville, N. C.—Bond Offering.—Proposals will be re
Collins (Town), Erie County, N. ¥.—Bonds Proposed.— ceived until 12 M,, January 31, by the Bond Committee, C.
This town has petitioned th9 Board of Supervisors to author B. McMillan, Chairman, for $13,500 5£ 30-year refunding
ize the issuance of $15,000, 4% highway and bridge-improve bonds.
Interest, semi-annual.
ment bonds. Denomination, $1,000. Interest semi-annually
Flathead County (Mont.) Free High School District.—
at Bank of North America, New York City. Maturity, $1,000 Bond
Offering.—Proposals w ill be received until 4 P. M., Jan
yearly on February 15 from 19)4 to 1918, inclusive. Town
27, by G. M. Houtz, Secretary Board of Trustees, at
has no bonded dent. Assessed valuation, $1,229,390. C. L. uary
the office of the County Superintendent of Schools in KalisPopple is Town Supervisor.
pell, for $20,000 4% 10-20 year (optional) bonds. Date, Jan.
Columbus, Ohio.—Bonds Authorized.—The City Counoil 2, 1903. Interest, semi annual.
has authorized the following bonds :
Fostoria, Ohio.—Bond Offering.—Proposals will be re
$122,0^0 4 1 1 0 -8 0 -yea r (o p t io n a l) e l e c t r ic - lig h t b o n d s , d a te d J a n . 1 ,1 9 0 3 .
ceived until 1 p. m ., Feb. 16, oy J. M. Schatzel, City Cierk,
176,000 4,110-30 y e a r (o p t io n a l) m a t n -t r u n k -s e w e r b o n d s , d a te d M a r c h 1 ,1 9 0 3
for $15,887 4% refunding bonds, as follows :
Interest will be payable semi-annually at office of City F o u r S e w e r D is fr lc t N o . 1 r e fu n d in g b o n d s , $1,000 e a c h ....................................$4,000
O
n e S e w e r D is tr ic t N o . 1 r e fu n d in g b o n d , $500......................................................
500
Treasurer.
S e w e r D is tr ic t N o. 2 r e f u n d in g b o n d s $1,000 e a c h .............................. 8,000
Crowley, La.—Bond Election Proposed.—A. petition is being TO hnreeSe ew
er D is tr ic t N o . 2, S e c t io n 2, r e fu n d in g b o n d , $500..............................
600
e n t r e fu n d in g o o n d , * » 6 7 ...........................................
867
circulated among the property owners of this city asking th O n e M a ln S tr e e t im p pr or vo ve m
e m e n t r e fu n d in g b o n d . $1,000..................................... 1,000
Council to call a special election for the purpose of voting a OO nn ee PUenrior yn SStrtreeeett im
im p r o v e m e n t r e f u n d i n g b o n d , $1,000
............................ 1,000
th M ain S tr e e t im n r o v e m e n t r e f u n d in g b o n d s . $ l ,n 0 0 e a c h .......... 2,000
five-mill tax for a period of twenty-five years for public im TT wh roe eN To riffin
e a c h . ................. 1,500
provements. If the tax is carried the city will then put out T h r e e C e n t e rS Strtre eete timi mp rporvoevme me netn rt erfeufun dnidning gb obnodnsd, s$500
, $500 e a c h ................... 1,600
$100,000 bonds, the proceeds of the sale of which will be ex
Date, Mar. 1, 1903. Interest semi-annually at the National
pended in improvements in the water-works and electric Park Bank, New York City. Maturity, Mar. 1, 1923. Au
light systems.
thority, Title 12, Chapter 2, Section 1701, Revised Statutes of
Cuyahoga County, Ohio.—Bond Election.—The: County Ohio, and a city ordinance passed Jan. 13, 1903. Certified
Commissioners have decided to submit to a vote of the peo check for $500 required. Purchaser must pay accrued in
ple the question of issuing $250,000 bonds for a memorial terest.
building for the members of the Grand Army of the Repub
Fremont, Ohio.—Bond Offering,—Proposals will be re
lic.
ceived until 12 M., February 3. by the City Clerk, for $5,500
Dallas, Texas.—Proposed Charter Changes.—The city is 4%bonds. Authority, Section 2704, Revised Statutes of Ohio.
considering a number of amendments to its charter, one of Denomination, $500. Date, Feb. 2, 1903. Interest semi-an
which raises the limit of bonded debt from $2,000,000 to nually on April 1 and Oct. 1 at the office of the City Treas
$3,000,000.
urer. Maturity, $500 yearly on Oct. 1 from 1903 to 1912, in
Dallas County, Texas.—Bonds Proposed.—Petitions are clusive, and $500 on April 1, 1912. Accrued interest to be
being circulated asking the Commissioners’ Court to call an paid by purchaser. Certified check for $200 on soma bank
election to vote on the question of issuing $500,000 road and in Fremont required.
bridge bonds.
Bond Sale.—Following are the bids received Jan, 20 for
Detroit, Minn—Bond Sale.—On January 12 the $14 000
the $5,500 4% bonds described in the Chronicle Dec. 27 :
15-year electric-light-plant bonds were awarded to the De C r o g h a n B a n k o f F r e m o n t .. .$5,611 00 I F r e m o n t S a v . B a n k .................... $5,500 00
troit Light & Land Co. at 102*153. Following are the bids : R . K l e y b o lt e & Co.. C i n e i n . . . . 6,510 00 |
D e i r o i t L ig h t & L a n d C o ......... $14,301 50 I O tis, W i ls o n & Co., C h ic a g o ..$14,286 00
Gaylord Independent School District No. 19, Sibley
F . L . F u ller A Uo.. C le v e
. . . 14,650 00
| F ir s t S ta te B a n k , D e t r o i t ... . 14,2<:5 90
County, Minn.—Bond Sale.—On January 12 the $7,000 5%
W e i l , R o t h & C o., C in e in ____ 14,630 00
l J n o . N u v e e n A C o ., C h ic a g o .. 14.437 50
6 . A . K ea n . C h ic a g o ...................... 14,477 4'i
C. H . C offin , C h ic a g o ....... 14,141 00
bonds described in the C hronicle Jan. 3 were awarded to
T r o w b r id g e & N iv e r C o.. C hi. 14.431 7 5 I J K . C u m m in g s , D e t r o it . . . 14.0UOOJ
Trowbridge & Niver Co., Chicago, at 101*47. Following are
J . S . M c E w e n , M in n e a p o lis .. 14,15540 |
the bids:
For description of bonds see Y. 75, p. 1421.
T r o w b r id g e * N iv e r C o .. C h i c ..$7,103 00 I 8 t o d d a r d , N y e & C o .. M i n n ... .$7,010 00
A . B o a lt & C o . W in o n a . . . . 7.076 00 | O tis, W ils o n & C o ., C h ic a g o ... 7,000 00
District of Columbia.—Loan Propos’d —Local despatches C.
J o h n N u v e e n & C o .. C h ic a g o .,. 7,016 60 , C has. H . C offin , C h i c a g o ........... 7.0U0 00
state that a bill authorizing the District of Columbia to bor T h o m p s o n , T e n n e y & C r a w S. A . K e a n , C h ic a g o ..................... 7 ,00000
row $10,000,000 from the Treasury of the Uaited States for a f o r d C o ., C h ic a g o ...................... 7,011 00 I
Gonzales. Texas.—Bond Election—An election will be held
period of 20 years at 2%and make an annu al payment on the
principal of $500,000 was on January 15 ordered to be favor in April to vote on the question of issuing $15,000 bonds for
ably reported to the House by the unanimous vote of the street improvements and for fire equipment.
Grand County (P. O. Moah), Utah.—Bond Offering.—Pro
House Committee on the District of Columbia. The Com
missioners say the money is needed for the carrying forward posals will be received uutil 10 a h ., February 7, by F. A.
of the permanent proves of improvement, such as the sew Manville, County Treasurer, for $10,000 5% court honse and
jail bonds. Denomination, $500. Date, Jan. 1, 19)8. Interage-disposal system, the filtration plant, etc.
% Dublin, Texas—Bonds Voted.—This city on January 10 semi-annually at offiie of County Treasurer. Maturity, Jan.
voted to issue $1,000 5% 10-30-year (optional) gold city hall 1, 1923; optional after Jan, 1, 1913. Authority, vote 141 to
and fire-station bonds. Interest semi-annually in New York 65 at election held Nov. 4, 1902. Total debt, including above
City. These bonds, we are advised, will be offered for sale issue, $11,572; assessed valuation, $1,121,805.
Greene County, Tenn.—Bond Election.—An election will
about March 10, 1903.
Dnrand, Mich —Bond Offering.—Proposals will be re be held in this county to vote on the question of issuing
ceived until 7:30 p. M., Marcn 3, by Wm. H. Putnam, Village $150,000 road bonds.
Guelph, Ont.—Debentures Voted.—The property holders
Clerk, for $10,000 4% 20-year electric-light-improvement
bonds. Denomination, $1,000. Date, Jan. 15, 1903. Inter of this city on January 5 adopted a by-law authorizing the
debentures to purchase a gas and
est semi-annually at the Shiawassee County Bank of Darand. issuance of $155,000
Dutchess County (P. 0. Poughkeepsie), N. Y.—Bond Offer electric-light and power plant. Securities will mature in
ing.—Proposals will be received until 2 p. m., February 4, by various amounts yearly on April 15 for a period of 30 years.
James H. Kipp, Chairman Board of Supervisors, for $65,000 Ic is the purpose of the city to purchase the plant of the
S%i additional court-house and j ail bonds. Dite, Jan. 2, Guelph Light & Power Co., Ltd.
Harrison County (P. O. Mississippi City), Miss.—Bond
19i)3. Interest, semi annual. Maturity, Jan. 2, 1928 A cer
tified check for 5% of bid, payable to the above-named Chair Offering.—The bonds of this county are again advertised for
J an u ary 2 4 , 1903.]
225
THE CHRONICLE
eale. Proposals will be received, this time until 12 M ., Feb. 2
(“ provided the Supreme Court has by that date passed on
the appeal of H. Lienhard vs. Board of Supervisors” ), by
F. S. Hewes, Clerk Board of Supervisors, for $50,000 h%
bonds. Denomination, $500. Interest annually at the Equit
able National Bank of the City of New York. Bonds will
bear date of issuance. Maturity, $1,000 yearly from 1907 to
1926, inclusive, and $30,000 in 1927. Each bid must be ac
companied by a certified check for $1,000. Assessed valua
tion, $6,000,000.
Harrison Township, Ind.—Subsidy Election.—A. dispatch
from Newcastle to the Indianapolis “ News” says that another
election will be held in Harrison Township to vote a subsidy
to the Newcastle & Pendleton Electric line, commonly
called “ Charlie Hernly’s line.” This will be the second elec
tion, and tne amount asked for ha3 been reduced from $16,500 to $10,000. In a previous election the subsidy was de
feated by a vote of 161 to 226.
Hartwell, Ohio.—Bonds Proposed.—Mayor Gibson recom
mends the issuance of $35,000 sewer bonds.
Havana, Cuba.—Bond Sale.—Messrs. Farson, Leach & Co.
confirm the report that they have been awarded $28,000,000
5 30-year bonds issued by the City of Havana for the re
funding of all other outstanding bonds and for the construc
tion of sewers.
Hutchinson, Kan.—Bond Sale.—This city has sold $4,500
6g 1-10 year (serial) bonds to L. A, B'gger of Hatchinson at
par. Denomination, $150. Date, Jan. 1, 1903. Interest,
semi-annual.
Imlay City, Mich.—Bond Election.—An election will be
held Jan. 80 to vote on the question of issuing $4,000 bonds
to finish and furnish the new municipal building.
Jeffersonville (Ind.) School District.—Bonds Proposed.—
House bill No. 4, now under consideration, authorizes the
Board of School Trustees to issue bonds for school buildings.
Kansas City, Mo.—Bond Offering.—Proposals will be re
ceived until 2 p. m., February 4, by Geo. E. Kessler, Secre
tary of the Board of Park Commissioners, for $257,086 59
“ Series 2” park fund certificates (South Park District), pay
able in twenty annual instalments. Interest will be payable
January 1 and July 1. A deposit of $7,500 required.
La Junta (Colo.) School District No. 11.—Bond Sale —
We are advised by Robert W. Patterson, Secretary of the
District (Mr. Patterson is also President of the First National
Bank of La Junta) that the $12,000 4J5-15-year (optional)
bonds mentioned in the C h r o n ic le Oct. 11 have been so!d.
Lakewood, Ohio.—Bond Election.—An election will be held
January 26 to vote on the question of issuing $75,000 school
bonds.
Lansing, Iowa.—Bonds Authorized .—On January 8 the
City Council authorized the issuance of $16,000 4%% 10-20year water extension bonds, to be dated May 1, 1903. N. A.
Nelson is City Clerk.
Lidgerwood, N. Dak.—Bond Sale.—W e are advised that
the $9,500 5$ water works bonds which were offered but not
sold on Nov. 10, 1903, were awarded on Jan. 19 to the Hun
terdon County National Bank of Flemington, N. J., at par.
Bonds were described in the C h r o n ic le N o v . 1, 1902, p. 996.
Long Beach, Cal.—Bond Offering.—Proposals will be re
ceived until February 2 by the City Clerk for the $35,000 5£
1-40 year (serial) sewer bonds which were authorized at the
election held Deo. 30, 1902.
Luray, Ya.—Loan Proposed.—A bill before the State Leg
islature authorizes the Council of Luray to borrow money.
McGregor, Texas.— Bonds Defeated.—This city has voted
against tne issuance of bonds for street improvements.
Mahoning County (P. O. Youngstown), Ohio.—Bond Sale.
—On January 19 the $200,000 4%i bridge bonds described in
the C h r o n ic l e January 3 were awarded to the Dollar Sav
ings & Trust Co., Youngstown, at 103—a basis of about
4T82*.
Mansfield, Ohio.—Bond Sale.—On January 17 the $12,000
4i 2-13-year (serial) water bonds described in the C h r o n ic l e
December 27 were awarded to the Mansfield Savings Bank
at 102,291. Following are the bids :
Mansfield Savings Bank........$12,275 00 I Denison, Prior & Co.. Cleve. $12,120 00
W. L. Leonard, M ansfield.... 12,15000 F. L. Puller & Co., Cleveland. 12,063 00
W. J. Hayes A Sons, C love... 12,140 00 I R. Kleybolte A Co.. Clncln... 12,000 00
Medtord, Okla.—Bond Sale.—We are advised that this
town has sold $25,000 water-works bonds to the Oklahoma
Bond & Trust Co. Bonds are to run 30 years.
Middletown, Orange County, N. Y.—Bond Offering.—Pro
posals will be reoeived nntil 8 p. m., February 23, by I. B. A.
Taylor, City Clerk, for $27,000
water bonds. Date,
Feb. 2, 1903. Interest, semi-annual. Maturity, Feb. 2,1923.
A certified check or a certificate of deposit for $500 on some
national bank in the State of New York, payable to the city
of Middletown, is required, to be sent in a separate en
velope.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Midland, Mich.—Bond Sale Not Consummated.—We are
advised that the sale of the *20,000 4t refunding water and
the $2,000 refunding improvement bonds awarded SepL 10,
1902, to Thos. J. Bolger & Co., Chicago, at 100 457, has not
been consummated. The check of the above firm has been
returned to them and the bonds are now held by one of the
local banks until some further action is taken by the city
authorities.
Milford, Ohio.—Bond Election.—An election will be held
in this p'ace to vote on the question of issuing $24,000 water
and $12,000 electric-light bonds.
Milwaukee, Wis.—Bond Ordinance Vetoed.—The Mayor
has returned to the Common Connell without his signatcre
the ordinance passed Dec. 29, 1902, authorizing the issuance
of $250,000 school bonds. The Mayor holds that the entire
$250,000 is not needed at this time, and recommends the pass
age of an ordinance providing for $75,000 bonds for school
purposes.
Monrovia, Cal.—Bond Election Proposed.—An ordinance
is being considered in the City Council providing for an elec
tion to vote on the question of issuing bonds for an increase
in the water supply.
Mount Yernon, N. Y.—Bond Offering.—The Common Coun
cil will receive bids until 8 p. m., January 27 for $36,000 4%
school tax-relief bonds maturing Feb. 1, 1906. Secnriti es are
in denomination of $1,000, dated Feb. 1, 1903. Interest semi
annually at the office of the City Treasurer. A certified
check for $1,0C0, payable to the city of Mount Vernon, must
accompany proposals. Wm. N. Hoyt is City Clerk.
New York C ity . —Bond Sale.—Thirty-four bids, aggregat
ing $29,663,470, were received on January 22 for the six
issues of
corporate stock to the amount of $7,000,000.
The average price obtained was 104,568, making the interest
basis about 3'312£. This compares with 3-24%%, the basis of
sale last November. The awards were as follows :
$2,OOO.OCO 3)4% Rapid Transit Railway Stock.
f $280,0^0. .107-208 I Harvey Fisk A )
Goldman, Sachs A ) 250,000 106’954 | Sons. Vermilye A V$1,0C0.000.. 10S-E87
Co., New York.....i 250.000.. 106'692 | Co., New Y ork ...)
L 250,000.. 106-433 |
$2,000,000 3)4% Dock and Ferry Stock.
$l00.0f0. 105-23
$100,0C0. .104-931
100,000.. 1C5*13
100,010. .104-693
Morrison A
1' 0,000.. 105-(3
100,000. .104-437
sen d ...... .
Robert T. Smith ..
100.000. .104191
j 100,000. 103912
100.000.. 104-93
I 1(0 000. .103-783
100.000..104-83 IVhitehouse A C o...... 100,000. 103-70
Arnold L. Pqulers...... 100.0')0 .105-025 Hamilton Trust C o ... 200,000. .103-64
Brooklyn Trust C $1,500,000
o .... 600,000..
314%104*125
Yew East h irer Bridge Stock.
|$106,000..lOi'lO I Harvey
Fisk A)
100,0
0.. 103-90
Sons. Vermilye
e&
A )> $1,C00,C00.
$1,C
103-387
Guardian/Trnst C o.. 0 100,000. ,103"75
Co., New York£ ...)
I 100,000..11365
{ 100 000..103-40
$500,000 3%% New Hall of Records Stoik.
Onondaga Co. Sav. J $125,000. .105‘52 |C. J. Lawrence A Sons. $50,000. 104-50
Bank.......................( 125,000..104"87 I l)ry Dock Sav. In st... 200,600. 103-015
$100,000 3)4% Hall of Records ( Kings County) Stock.
Edwin S. Kasslng.......
$200. lO^’OO 1------------Andrew---------W a lla -----------------------..105-76
c e J r ... $15,000.
M. C. Foertsch.............
2,5t0..107-00 C .L .L aw renceA Sons. 35,000..104"85
' 30,000.. 106-01
30.000. . 100-41 Luclen H. Niles...... \ foiol o! i m u o
30,000 106-11 T. W. Stephens A Co.. 1G0.000..103-65
J. E. Helmerdinger
30.000. . 10591 I Harvey Fisk A S ons!
30.000. . 105-61 and Vermilye a ) 27,260.. 103-387
( 30,000.. 105-.1
Co., New Y ork...... )
Hugo Gutfreund. . . . .
20..106 50
11600,000 3)4% Briant Park Library Stock.
D. D. McBeam............ $100 000..100-75 I G. D. Green. Trustee $28,COO. 105-07
T
tt
5 20,000.. 106-25
----" “Tracy an d) Kn
Wm. G.
Lueten H. Niles...... | 20,000. ,106'50
G. D. Green. Exec. $ 60'000- 105 07
James A. Trowbridge. 200,00J. .100-20 W. E. Hutton
o n A Co. iJ
Georgina B. Harran... 10,000. .105-41
once fBar- > 172,000.. 104-85
and Lawrence
i., N. Y ... )
mim A Co.,
I
J
The bids received not covered by the above awards are
shown in the following. The two together furnish a com
plete record of all the bids :
W E. Hutton A Co. ) $200,000*. 104 85
$250.000.. 100-60
and
Lawrence V 200,' 00*.103*02
100,000. .101-68
Barnum A C o .... ) 200.0 i"*.102t O Lincoln Trust C0 ..1
100,000. 102-10
James A. Trow 5 200,000*. lOrt'20
bridge.................. ( Or200,000..Iu4 90
200,0-0. 1(3 14
Harvey Fisk A Sons
1 O.OOO.. 10200
and Vermilye A ( 7,000,000..IOS'387
10r,000.. 101-75
C o .........................
Proctor A Borden..
100.000. . 1" 1-50
Farson, Leach A
100.000. . 101 25
Co. and Kuhn. | 7.COO.OOO.. 103-26
100.000. .101.00
Loeb A Co........
I 100.000. .101.60
f 100,000..104-10
100.000. . 101-50
100.000.
. 103 90
100.000. . 101-40
100,COJ.. 103-75
100.00. . 101 -30
100.000.
. 103-05O’Connor A Kahler.
100,0 JO.. 101-20
I 100,000.. 103 40
New York...........
1' 0.C00..101-10
Guardian TrustCo. ] 100,000.. 103-25
lOO.dOO. 101-00
! 1(0.000..103-10
1' 0.00O.. 100-90
100.000.
. 102-90
100-0'0..1C0-80
I 100.0'0.. 102-75
100.000. . 100-70
l 100,000..U 2-65 Edgar T. Gaddis......
2,000. 101*00
Welles, Herrick A
Fred. Brainln .........
10,(00 10055
Hicks, N. Y......... ... 7,000,000.. 102*977 John G. Reither Jr..
75O*.l(k-00
Arthur S. Leland
A Co., N. Y.............. 500,000.. 102-257
100.000. .102-05
The above bids are all for any issue except those marked
with an asterisk (*), which are for the Bryant Park Library
bonds only.
Oakland County, Mich.—Bond Election.—The Beard of
Supervisors has decided to submit the question of issuing
$100,000 court-house bonds to a vote of the people.
Ottawa, Ont.—A’o Debentures to be Issued. —We are advised
that, while the Council has been considering the question of
submitting to a vote of the people a proposition to issue
$150,000 Market Square extension debentures, no vote will be
taken, as the project has been abandoned.
Ottawa East, Ont.—Debentures Defeated.—This place has
voted against a by-law providing for the issnance of school
debentures.
Paducab, Ky.—Bonds Proposed.—A resolution is now pend
ing in the City Council instructing the Mayor and Finance
Committee to arrange before May 31 for the refunding of the
$100,000 C. St. L & P. RR. bonds now outstanding.
Page County, Va.—Bonds Proposed.—The Board of Sufervisors has under consideration the refunding of $69,000 of
the $79,000 5i bonds which the county has now outstanding
and to pay off the remaining $10,000 out of funds contained
in the sinking fand." The old bonds mature May 1, 1913, but
are subject to call this year.
THE
226
Pawtucket, R. I.—Bonds Proposed .—A joint resolution has
been adopted instructing the City Solicitor to appear before
the General Assembly to secure the passageof anAct author
izing the issuance of $125,000 bonds.
Peoria, 111.—Bond Sale.—On Jin. 20 the $21,000 44 20year refunding bounty bonds were awarded to W. J. Hayes
& Sons, Cleveland, at 107 714. Following are the bids:
W. J. H ayes k Sons, Cieve.. .122,620 00 Am. Trust k Sav. B’k, C hic..$21,750 00
N. W . Harris k Co. Chicago.*22,218 00 Parson, Leach & Co.. Chic. . 21,740 00
MacDonald,McCoy k t o ,Cbi*22,2l7 on F. L Fuller k Co., Cleveland. 21,686 00
Otis, W ilson & Co., Chicago. *21,087 50 R. Frey, P eoria........................ 21 420 00
Denison, Prior k C o.,C ieve.. *21,854 On Thom pson, Tenney & Craw
ford Co., C hicago.................. 21,325 00
Seasongood & Mayer, Cin— 21,793 06
* And blank bonds.
For description of securities see C
Jan, 10, p. 122.
Pontiac, III. —Bond Sale,—This city has sold to the con
tractor for the work—Mr John Cherry Jr . of Jacksonville,
111.—$14,700 5 % M ill and Lincoln Street paving bonds. De
nominations, $500 and $100. Interest annually on Jan. 2.
M aturity, yearly on Jan. 2 $1,700 from 1904 to 1911, inclu
sive, and $1,100 in 1912.
Pontiac, Mich.—Bond Sale.—The Common Council on
January 12 voted to bond the city for $15,000 to pay the de
ficiency in the water-mains extension fund. The bonds are
5 % 80-vear securities and have been sold to the Oakland
County Savings Bank of Pontiac at 107 166.
Richland Io w a.—Bond Sale.—On January 15 $5,000
gas-plant bonds were awarded to Chas. H, Coffin of Chicago
at 10C*20. Following are the bids :
h r o n i c l e
Chas. H . Coflan, Chicago......... $ 5 ,0 1 0 0 0 I S . A. Kean, C hicago................. $5 ,0 0 0 00
G. M. Bechtel & Co., D av’ port. 6,005 00 I
Denominations, ten of $150 and five of $500 each. Interest
payable at the Union State Bank of Richland.
Roane County, Tenn.—Bonds to be Issued.—It is stated
that this county w ill issue $100,000 bonds for two new steel
bridges.
Roby (Texas) Independent School D istrict.— Bond Sale.
—The State Board of Education on January 13 purchased
for the permanent school fund $4,600 bonds of this district.
See C
Dec. 6, 1903.
Sacramento, Cal.—Rond Sale.—It is stated that the $159,000
water-main bonds described in the C
Oct. 18
have been awarded to J . L . Huntoon at 101-225. For list of
bids see C h r o n ic le Jan. 3.
h r o n i c l e
h r o n i c l e
N E W L O A N S ._____
$ 2 7 ,0 0 0
WATER BONDS
OF T H E
01TY OF MIDDLETOWN,
ORANGE COUNTY, NEW YORK.
NEW
$
[You LXXVI
CHRONICLE
1
Saginaw, Mich.—Bond Sale.—This city has sold to the
Second National Bankof Saginawthree issues of 4# streetimprovement bonds, aggregating $9,000, at 100 611. Denom
inations, $500, $300 and $100 . Date, Dec. 15, 1902. Interest,
semi-annual. Maturity, one-tenth yearly.
St. Paul, Minn.— Certificate Sale — The amount of certifi
cates sold on January 15 was $385,000 and not $350,000, as
at first reported. These certificates carry H interest and
fall due June 15, 1904. They were taken by local investers
at par.
San Baena Ventura, Cal.—Bond Election.—An election
will be held January 26 to vote on the question of issuing
the following bonds:
18.000 s e w e r -e x t e n s io n
18.000 P o li, C h e s tn u t, C a lifo r n ia
Oak Bts.
storm sew er
and
library bonds.
I 2,< 00 s t r e e t - c r o s s i n g b o n d s .
a n d I 3 ,0C0 p la z a -s id e w a lk b o n d s .
bonds.
|
Sandy Hill, N. Y .—Bond Offering.—Proposals will be re
ceived until 1p. M , Feb. 10, by D, j. Sullivan, Village Clerk,
for $22,958'02 registeredsewer bonds Denomination, $918‘32,
Interest (not exceeding 5£) payable Feb. 1 and Aug. 1 at the
United States Mortgage & Trust Co., which company will
certify as to the genuineness of the bonds. Maturity, one
bond yearly, beginning Aug. 1, 1906. Bonds will bear inter
est after Jan. 1, 1903, and will be delivered to the purchaser
(who must pay accrued interest) on Feb. 18 at 11 o’clock at
the office of the United States Mortgage & Trust Co., 55
Cedar St., New York City. Proposals must be on the printed
formfurnished by the Village Clerkand eachmust beaccom
panied by a certifiedcheck onanational bankfor $1 ,0 0 0 , pay
able to W. Clark Higley, Village Treasurer. Present bonded
debt of village is $62,500. Assessed valuation $1,990 061.
Schuylerville, N. Y.—Bonds Defeated.—This village on
Dec. 29, 1902, voted against a proposition to issue $10,000 ad
ditional water-works bonds.
Sedalia(Mo ) School District.—Bond Sale.—On January
13 the $40,000 H 20 year high-school bonds were awarded to
N. W. Harris & Co., Chicago, at 101 6875 and interest—a
basis of about 3'878£. Following are the bids :
N. W . Harris k Co., C hicago.. $4°,075 00 Mo. Trust Co.. Sr. L o u is ........$40,125 00
Trowbridge k NiverCo..Cnlc. 40,670 00 Citizens’ Nat. Bank, Sedalla. 40,1s 0 00
F. L. Fuller & C o..C leveland. 40.5^0 00 W j . H ayes <&Sons. < (eve
40,007 00
Otis, W ilson k C o.,C hicago.. 40,463 70 Seasongood k Mayer (less
Denison, P r i o r i Co., Cleve.. 40,324 10
$160 d iscou n t)....................... 40,000 00
John Nuveeu k Co.. Chicago. 40,280 00
LOANS.
0
I $8,000 t o w n -h a ll
bonds.
8 ,0 0 A s h S t r e e t s t o r m s e w e r b o n d s .
, 0
0
0
______ N E W L O A N S .______
$ 5 0 ,0 0 0
SUMMIT, NEW JERSEY, Cascade County, Montana,
SCHOOL BONDS.
COUPON BONDS.
N otice is hereby given that the Common Council
o f th e City o f Summit, N. J., will receive bids on
F E B R U A R Y 3d, 19o3, A T 8 P. M., at th e City Hall,
Summit, N. J., fo r Ten One Thousand Dollar School
Bonds, payable in tw enty-five years in current
funds, togeth er with interest thereon at the rate o f
fou r per cent per annum, payable semi annually at
the office o f the City Treasurer o f the city o f Summit.
Said bonds are or a series o f Thirty Bonds o f tbe
denom ination o f One Thousand Dollars eacn, issued
for the purpose o f purchasing land fo r School pur
poses and erecting and furnishing one school house,
pursuant to the provisions o f an ordinance passed
July 1, 1902, pursuant to the provisions o f an A ct o f
the Legislature entitled “ an A ct to establish a system
o f public instruction,” approved March 26,1992.
R A L P H S. STRE ETT,
Treasurer City o f Summit.
N otice is hereby given that in pursuance o f pro
visions o f A rticle 4, T itle 1, Part 4, o f the Political
Code o f the State o f Montana, and o f an order duly
NOTICE OF SALE.
made by the Board o f County Commissioners o f
Sealed proposals fo r th e w hole or any part o f an
Cascade County, State o f Montana, at a m eeting o f
issue o f $27,000 o f W ater B onds o f th e City o f
said Board held on th e eighteenth day o f December,
M iddletown, N. Y ., hearing interest at 3\4% per
1902, the said Board o f County Commissioners o f
annum, payable semi-annually, will be received by
Cascade County, will, on the 10TH D A Y OF F E B
the Common CoudcII o f the said City at the office
R U A R Y , 19 3. A T TEN O'CLOCK A . M. o f said
o f the City Clerk therein until F E B R U A R Y 23D,
day, at the County Treasurer’s Office in th e County
1903, A T E IG H T O’CLOCK P. M.
Court House, in the City o f Great Falls, Cascade
These bonds shall bear date February 2d, 1903.
County, Montana, under and by virtue o f such
and shall becom e payable on February 2d, 1923, and
power conferred upon them by lnw, and by virtue o f
shall hear interest coupons lo r the semi-annual
the order aforesaid, authorized by a majority or the
paym ent o f interest, as aforesaid, on August 2d and
electors o f Cascade County at the General Election
February 2d o f each and every year.
Said bonds
held Novem ber 4th. 1902. sell coupon bonds o f Cas
con stitute a part o f the water debt o f the City o f
cade County, State o f Montana, to the am ount o f
M iddletown, New York State, and are payable in
Fittry Thousand Dollars, drawing interest at the rate
the manner provided by the charter from the
o f fou r per centum per annum, payable semi-annually
sinking fund and all other means applicable thereto
on the 1st day o f January and the 1st day o f July o f
and may be registered should the purchaser so
each year, which bonds will be o f the denom ination
desire
o f One Thousand Dollars each, and shall be redeem
Bids fo r less than ra r and accrued interest will
able and payable Twenty years from the date o f their
not be considered and the right to reject any and
issue. The said coupon bonds will be made payable
all bids is reserved by the Common Council.
at any Natiooal Bank designated by the purchaser,
Each bid must be accom panied in a separate
and the County will deliver said bonds at such hank
en velop e by a certified cheek or certificate o f
to the order o f such Durchaser, Tne interest on said
deposit on some National Bank in the State o f New
bonds will be payable at the Office o f th e County
Y ork fo r th e sum o f Five Hundred Dollars ($500)
Treasurer o f said Cascade County.
payable to th e order o f the City o f M iddletown,
Sealed bids will be received by the undersigned up
Sealed proposals fo r the purchase o f said bonds
the same to be forfeite d to the said City o f Middle
to E IG H T O’CLOCK, P. M „ F E B R U A R Y 3D, 1903, will be received up to the time o f sale, and the party
tow n i f the successful bidder fails to enter into a fo r the purchase o f $40,000 00 F ifteen-year (ten- or parties offering tb e highest bid therefore will
con tract to take said bonds within fifteen days
receive the am ount o f such bonds as he or they may
after the award to him. Bonds to be delivered to vear option) Five Per Cent W aterworks Bonds, otJer to buy. A New Y ork draft or check certified
th e purchaser at tb e Com m on Council Room s in the issued by the T ow n o f Fort Morgan, Colorado. by a Great Falls Bank, payable to the order o f the
said City o f Middletown.
Dated January 1st, 1903; $1,000 denom ination; County Treasurer o f Cascade County, to the am ount
Proposals for the bonds shall be endorsed on the semi annual interest. Payable at Fort Morgan, o f Twenty-five H undred Dollars, will be deposited
outside “ W ater Bond Proposals,” and be addressed or Fourth National Bank, N. Y „ at option o f h old er with the County Treasurer by each bidder as a guar
t o I. B. A . Taylor, City Clerk, M iddletow n, Orange
anty o f good taith.
Bids must include interest to tim e o f delivery.
Co., N. Y.
Said Board o f County Commissioners reserves the
Dated, M iddletown, N. Y ., January 10th, 1903.
L.
C. STEPHENSON,
ecorder.
rightRto
reject any and all bids.
Bids should be marked “ Bids on Bonds,” fand ad
Fort Morgan, Colorado.
GEO. W. O’ N E A L , Mayor.
dressed
to F red .L . Hill, County Clerk, Great Falls,
K. W . STAIB ,
Cascade County. Montana.
President o f th e Common Council.
B v order o f the Board o f County Commissioners o f
A ftAHt*
Cascade Coonty, Montana,
&
I. B. A . T A Y L O R , City Clerk.
VINCEN T FORTUNE, County Clerk.
$ 4 0 ,0 0 0
FORT MORGAN, COLO.,
Waterworks Bonds.
U. A r n o ld ^ c u d d c r
B lod get, M erritt & C o .,
B A N K E R S,
16 Congress Street, Boston.
36 NASSAU STREET, NEW YORK..
fra u d s,
T . B. P O T T E R ,
Western Union Buildinq,
Chicago, HUtnois.
523
MUNICIPAL and
CORPORATION
d o
wnQ
INVESTMENT BONDS.
172 Washington Street,
CHICAGO,
- - ILLS.
LIST ON APPLICATION.
15 Wall Street
New York.
INVESTMENT BROKERS,
SEND FOR LIST.
IOWA AND MINNESOTA
HIGHEST GRADE RAILROAD
D E N IS O N , P R IO R & C O .
STATE, CITY & RAILROAD BONDS.
VICKERS & PHELPS,
BONDS.
5% MUNICIPAL." BONDS,
CLEVELAND.
BOSTON.
Correspondence Invited.
HARRY B. POWELL A CO.
Woodstock, Vermont.
J anuary
THE
24, 1903.]
C H R O N IC L E .
Shinustou, W. Ya —Bond, Sale.—Only $1,000 of the $11,800
5£ 10-20 year (optional) water-works and street paving bonds
offered for sale on January 15 were sold, this amount being
taken by Mrs. Rose A. Badabaugh at 105. The town will not
offer any more of the bonds for some time.
Sibley Independent School District, Osceola County,
Iowa.—Bond Sale. -This district has sold an issue of $12,000
6$ funding judgment bonds to H. L. Emmert of Sibley at
par. Denomination. $500. Date, Jan. 1, 1903. Maturity,
$2,000 on Jan. 1, 1906, and also on Jan. 1, 1907, $8,000 Jan. 1,
1918; subject to call after Jan. 1, 1908.
Sionx City, Iowa.—Bond Offering.—Proposals will be re
ceived until 7:30 P. M., February 10, by the City Clerk for
$204,500
15-year judgment funding bonds. Denomina
tions, $1,000 and $100. Date, Jan. 1, 1903. Certified check
for 5% of bid, drawn on some bank in Sioux City, payable to
the City Treasurer, required. W. F. Wiley is Chairman
Finance Committee.
Sioux Falls, S. Dak.—Bond Offering.—Proposals will be
received until 12 m . , February 2, by E. G. Ledyard, City
Auditor, for $50,000 5 per cent 20-year gold water works
bonds. Denomination, $500. Date, April 1, 1903. Interest
semi annually in New York City. See Chronicle, Y. 76,
p. 61.
Springfield, Ohio.—Bond Offering.—Proposals will be re
ceived until 7:30 p . m., Feb. 10. by R. N. Lantz, City Clerk,
for $10,000 A.% coupon refunding water bonds. Denomina
tion, $1,000. Date, March 1, 1903. Interest, March 1 and
September 1 at office of City Treasurer or at the Importers’ &
Traders’ National Bank, New York City. Maturity, Sept. 1,
1922. Certified check for $1,000 required. Authority, Sec
tion 2701, Revised Statutes of Ohio. Accrued interest to be
paid by purchaser.
Springfield, Tenn.—Bond Offering.—Proposals will be re ceived until 2 p . m., February 4, by H. F. Stratton, Mayor,
for $25,000 5g water and light bonds. Interest, semi-annual.
Maturity, 20 years or “ payable sooner at the option of the
Mayor and Aldermen.” Certified check for $1,200 on a na
tional bank, payable to the Mayor and Recorder, required.
Stamford, Texas.—Bonds Registered.—The State Comp
troller on January 12 registered an issue of $2,000 street-im
provement bonds.
227
Summerville, Ga.—Bond Election.—The voters of thie vil
lage will shortly pass on the question of issuing the $25,000
5# 30-year gold water and street bonds authorized by the re
cent Legislature. Denomination, $1,000. Date, about March 1,
1908.
Summit, N. J — Bond Offering.—Proposals will be received
until 8 p . m., February 3, by the Common Council, for $10,000 4£ 25-year school bonds. Denomination, $1,000. Date,
probably Feb. 15, 1903. Interest semi-annually at office of
City Treasurer. Ralph S. Streett is City Treasurer.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Toledo, Ohio.—Bond Sale—Bonds to be Re advertised.—
The Council Committee on Ways and Means has decided to
sell $4,000 of the $125,000
20 year street-improvement
bonds dated Oct. 1, 1922 (offered but not sold on Dec. 9), to
the Union Savings Bank at par and interest The remaining
$121,000 will be re-advertised. The committee has also au
thorized the issuance of $9,600 4£ 1-5-year (serial) South End
disposal-plant bonds.
Tonawanda, N. Y, —Detailsof Bonds.—W e are advised that
the $30,000 5% water bonds, the sale of which to the State
Bank of Tonawanda was mentioned in the Chronicle of
Jan. 10, were taken at par. Date of issuance, Jan. 2. 1903.
Denomination, $1,200. Interest payable annually on Jan. 2.
Maturity $1,200 yearly on Jan. 2 from 1908 to 1932, inclusive.
Topeka, Kan.—Bonds Proposed.—The Council has passed
a resolution asking the Legislature to authorize the iesuance
of $40,000 bonds to refund outstanding indebtedness.
Toronto, Ont.— Debentures Voted.—On Jan.'5 the qualified
ratepayers of this city authorized the issuance of $175,000
debentures for the purohase of new water-works pumping
machinery. It will be some time before these debentures
will be offered for sale.
Twin Talley, Norman County, Minn.— Bond Offering.—
Proposals will be received until 8 p . m . , February 9, by the
Village Council, at the office of Chas. Hansen, President, for
$5,750 5£ 15-year water-works bonds. Authority, election
held Jan. 6, 1903. Interest, semi-annual. J. A. Salomonson
is Village Recorder.
IN V E S T M E N T S .
IN V E S T M E N T S .
M U N IC IP A L
Evansville Gas dc Electric Light Co. 5s.
IN V E S T M E N T S .
J. F. W I L D
K v a n s v ille , In d ia n a .
Springfield Gas A Electric Co. 5s.
AND
S p r iu g d e ld , M o .
BANKERS
T o n a w a n d a a n d .N orth T o n a w a n d a , N . V.
Indianapolis, Ind.
Public Service Corporation Niagara Light, Heat <fc Tower Co. 5s.
Citizen*,’ Heat A Light Co. 5s.
BONDS.
h l w o o d . In d ia n a .
Burlington Railway & Light Co. 5s.
BOSTON.
San Francisco.
WE
B u r lin g to n , Io w a .
W r i t e f o r S pecial C ircu la r.
E. H. R O L L IN S & S O N S ,
Denver.
CO.,
&
M ASO N
OWN
eo
OFFER
$ 2 5 ,0 0 0
L E W I S & CO.,
BAN K ERS.
B oston ,
D e v o n s h ir e S tre e t.
P h ila d e lp h ia , 505 C h e s tn u t S tr e e t.
C h ic a g o , M o n a d n o c lt B u ild in g .
AND
Indianapolis Water Co.
G en eral M o rtgage 5 % Bonds.
Price to net 4%£.
FARS0N LEACH & 00.
Public Securities,
CHICAGO.
NEW Y O R K .
Perry, Coffin & Burr,
INVESTMENT BONDS
5 0 0 Shares
60 State Street,
BOSTON.
G UARAN TEED
BOSTON.
P H IL A D E L P H IA .
R.
W r i t e or apply for particulars.
R A IL R O A D C O . S T O C K
A t P r i c e to N e t 4-&%.
A . Lancaster & Sons,
BAN K ERS,
NO. 1 0 W A L L S T R E E T ,
NEW YORK.
C h as. S. K id d e r &
INVESTMENT and MISCELLANEOUS
SECURITIES.
184
O n I m p r o v e d F a rm s
Netting the Inv est or O per cent interest.
Send f o r booklet an d latest o f e r i n g .
W IN N E
Wlnne Building,
&
W IN N E ,
W IC H IT A , KANSAS
M e n tion th is p aper.
M U N IC IP A L
BONDS.
E. C. STANW OOD & C o .,
BANKERS,
121 D e vo n sh ire S t r e e t ,
BOSTON.
LA
SALLE
STREET,
CHICAGO
S o u th e r n S e c u r itie s a S p e c ia lty .
OKLAHO M A
F IR S T M O R T G A G E S
Present net earnings of Company
60%on the amount of Capital Stock.
BONDS,
DEALKBS IN
C H O IC E
C o .,
C. H. W H I T E
& CO.,
51 Liberty St., New York.
F. R . F U L T O N & C O . ,
M u n ic ip a l
171
LA
8ALLE
MacDonald, McCoy &Co,,
B o n d s,
STREET,
NUNICIPAL
C H IC A G O .
CORPORATION
BO N D S.
The cheapest that are good; the best at the price.
171 La Salle Street, Chicago.
ST O C K
BpartlyOlithogra
NphedD
S AND
CERTIFICATES
and partly prin
ted; finishedinafew
days$ handsome designs; must he seen to bo
appreciated. Send for samples.
A l b e r t jb . k i n g - & C o . ,
Engravers and Lithographers,
telephone Connection.)
103WilliamSt., NowYork.
AND
BO N D S.
M ax B. B o rg,
-B R O K E R IN
40
BROAD
I N V E S T M E N T S E C U R IT IE S ,
STREET.
-
NEW
YORK.
228
THE
C H R O N IC L E
Vancouver, B. C.—Debentures Voted.—At an election held
January 8 this city voted to issue $30,000 jail and $30,000
fire-hall debentures. Interest, semi annual. Maturity, 40
years. Date of sale not determined.
Waltham, Mass.— Bond Sale.- On January 20 this city
awarded four issues of bonds as follows :
D a t e , J a a . 1 ,1 9 0 2 .
W a u k e s h a N a t . B a n k ............... *30,301 CO I S e a s o n g o o d & M a y e r (le s s
F a rs o n . I .e a c h A C o .. C h ic ___ 30.085 00
* 2 6 0 )............................................... *30,000 00
F . L . F u lle r A C o ., C le v e la n d . 30,012 £.0 I N . W . H a r r is A C o . ( le s s M%). 80,000 00
W a lt h a m S a v in g s B a n k .......................
G , A . F e r n a ld & C o ., B o s t o n ..............
E s t a b r o o k <fc C o .. B o s to D .....................
It. L. D a y & C o , B o s t o n .......................
N . W . H a r r is & CoJ, B o s t o n .............
A d a m s & C o.. B o s t o n ..........................
B lo d g e t , M e r r it t A C o . B o s t o n ___
B la k e B r o s . & C o ., B o s t o n ..................
*22,000
B u ild in g
B onds.
103-00
102-618
102‘5 i 8
1 0 2 '3 l
102 217
102'04
10181
101"81
Webb City, Mo.—Bond Sale.—On Jan. 12 $12,710 5% 5-10year (optional) bonds were awarded to Trowbridge & Niver
Co., Chicago, at 101-745, accrued interest and lithographed
bonds free of charge. Following are the bids:
M a t u r it y , J a n . 1,1 9 2 2 *
A w a r d e d to G eo . a . F e r n a ld & C o., B o s to n .
$16,000 3 H * s c h o o l b o n d s a t 102-573. D a t e , J u l y 1 ,1902. M a t u r it y . J u l y 1 ,1 9 2 8 .
S a le o n a 3 82 % ba sis.
9,000 SJ4* s u r f a c e d r a in a g e b o n d s a t 102"673. D a t e , J u l y 1 ,1 9 0 2 . M a t u r it y ,
J u l y 1. 1922. S a le o n a 3 ‘ 32* ba sis.
37,000 8 H * h i g h - s c h o o l b o n d s a t 1 0 2 7 8 6 . D a t e , J a n . 1 ,1 9 0 3 . M a t u r it y , J a n . 1,
1923. S a le o n a 3 309% b a s is .
Following are the bids :
$15,000
*9.000
*37,000
S ch ool
B onds.
D r a in a g e
B onds.
School
B onds.
103-573
102103- 3(1
102-217
102-04
101-81
101-81
102-673
102-638
538
102*36
102 217
102*04
101-81
10181
102-7-0
102-638
102-41
102-217
102-04
101-89
101-81
Interest January 1 and July 1 at the Boston Safe Deposit &
Trust Co., Boston. Denomination, $1,000.
Warren County, Miss.— Bond Sale.—On January 5 $3,70o
5£ 5-20-year (optional) bridge bonds were awarded to E. S.
Butts of Vicksburg at 101*013.
Warren County, N. Y.— Note Sale.—This county has sold
at par to Emerson & Co. of Warrensburg $22,000 5# notes.
Date, Jan. 1, 1903. Maturity, Feb. 1, 1904.
Washington, Iowa.— Bond Sale.—This city has sold $12,000 1-10-year (serial) electric-light bonds to Geo. M. Bech
tel of Davenport at par, less $370 for furnishing bonds, etc.
Washington County, Tenn.— Bond Election Proposed.—
This county seeks legislative authority to hold an election to
vote on the question of issuing $100,000 road bonds.
Washington County (Neb.) School District No. 47.— Bond
Offering.—Proposals will be received until 12 M,, March 2, by
Lewis E. Ward, Secretary Board of Education, for $1,500 5£
1-10-year (serial) registered school bonds. Date, July 1, 1903.
Interest, semi-annual.
Trowbridge A N t v e r C o .. C h ic .$ 1 2 ,9 s i 85 I S. A . K e a n . Chicago ................. $12,837 10
W . J . H a y e s A S o n s , C l e v e . .. 13,012 00 R . V . M o n t a g u e A C o ..K .C i t y . 12,766 00
S e a s o n g o o d A M a y e r , C i n c i n . 12,886 10 |
Denomination, twenty-five of $500 each and one for $210,
Date, Jan. 1, 1903. Interest, semi-annual.
Wellsville, Ohio.—Bond Offering.—Proposals will be re
ceived until 12 M . , Feb. 2, by J. W. McQueen, City Clerk, for
the following bonds:
$4,850 6% 1 -1 0 -y e a r (s e r ia l) L i s b o n S t r e e t b o n d s , in d e n o m i n a t i o n o f $485.
4,100 5% 1-10 y e a r (s e r ia l) F o u r t h S t r e e t b o n d s , in d e n o m i n a t i o n o f $416.
6,130 5% 1 -1 0 -y e a r (s e r ia l) L i v e r p o o l S t r e e t b o n d s , in d e n o m i n a t i o n o f $613.
Date, Dec. 1, 1902. Interest annually on Dec. 1. Cheok or
cash for $300 required with bids.
Winona, Minn.—Bond Sale.—We are advised that the
$40,000 4$ electric-light bonds (described in the Chronicle
Dec. 20) offered for sale on Jan. 5 were awarded on the 19th
inst. to F. L. Fuller & Co., Cleveland, at 101-044 and accrued
Interest.
Woodberry (111.) School District.—Bond Election,—At
the spring election the question of issuing $1,000 5g building
bonds will be decided by the voters.
Yonkers, N. Y.—Bond Offering.—Proposals will be re
ceived until 4 P. M., January 20, by Michael J. Walsb,
Mayor, for $60,400 assessment and $150,000 redemption H
bends, dated Feb. 2, 1903. The assessment bonds are issued
under Section 36 of Title VII of the City Charter, and will
mature $45,400 Feb. 1, 1904, and $15,000 Feb. 1, 1905. The re
demption bonds are issued under Section 13 of Title V of the
Cify Charter, and will mature Feb. 1, 1906. Interest payable
semi-annually. The bonds will be delivered and payment re
quired at the office of the Mayor on February 2, 1908, at
11 A , M.
___ INVESTMENTS.
BONDS
MISCELLANEOUS.
SU IT A B L E
P o g so n , P e lo u b e t & C o .,
FOR
Savings Banks,
PUBLIC ACCOUNTANTS,
Trust Companies,
Trust Funds,
Individuals. NEW YORK, • - 2C Broad Street.
Rudolph Kieybolte & Co.,
1 N A S S A U S T .. N E W
T H E
Y O R K CITY
G R A N D
CHICAGO,
-
ST. LOUIS,
■ • Chemical Building.
BUTTE,
-
LXXVI.
Waukesha County (P. 0. Waukesha), W is.—Bond Sale.—
On January 15 the $30,000 3'65$ 20 year county-asylum bonds
were awarded to the Waukesha National Bank at 101*083.
Following are the bids:
A w a r d e d to W a lth a m S a v in g s B a n k .
$82,000 3 H * b u ild in e b o n d s a t 103.
S a le o n a 3*28% b a s is .
[V ol.
Marquette Building,
MISCELLANEOUS.
THE AUDIT COMPANY
OF NEW YORK.
Examinations. Appraisals.
Audits.
In v e s tig a tio n s
fo r
F in a n c in g
and
U n d e r w r it in g a n d fo r R e o r
g a n iz a t io n C o m m itte e s .
Mutual L ife Bldgs., 4 3 Cedar S t.,
NEW YORK.
• ■ Hennessy Building. N. Y .L ife Building, Arcade Building,
CHICAGO.
P R IX
PHILADELPHIA.
WM. FRANKLIN HALL
Accountant,
THE AUDIT COMPANY
Exchange Buiidin0- pagtov wagg
OF ILLINOIS,
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BOSTON, MASS
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care and elflclenoy.
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SECURE BANK VAULTS.
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Investigations and Reports on
Electric Railway, Gas, Electric
Light, and Power Transmission
Properties for Financial Insti
tutions and Investors.
O . F. R I C H A R D S O N ,
WELDED CHROME STEEL AND IRON
Round and Flat Bar* and 6-Ply Plates and Angle
FOR SAFES, VAU LTS, A c.
Cannot be Sawed, Cnt or Drilled, and positively
Burglar P roof.
CHROM E STEEL W O R K S,
Kent A ve., Keap and H ooper Sts.,
tale Man’f ’ers In the U .S.
B R O O K L Y N , N. Y .
Public A ccoun tan ts and Auditors.
OFFICERS
L. A . W ALTON , President.
F. W. L IT T L E , V ice-President.
C. D. ORGAN, Sec. and Treat.
C. W . K IN SE LT , Manage!
DIRECTORS:
A . G. B i c k e b , A. G. Becker & Co., Chicago.
F. W . L it t l z , V.-Pres. Peoria Gas 4 Eleo. Co., Feorl*
G. A. RYTHKB,Cash’r Nat’l L ive Stock Bank, Chicago
J, R. WALSH, Pres. Chicago National Bank, Chicago
L. A. W a l t o n ,V.-Pres. Equitable Trust Co., Chicago
Electric Railways Electric Light anc H A S K I N S
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Williamson Building, Cleveland, C
Lincoln Trust Building, St. Louis, Mo.
30 Coleman Street, London, E, (
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j
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