The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
.
.
,
finanrml
mm0
xmmt
QuotaHon Supplement
(Monthly)
Street Railway Supplement
Supplement
(Quarterly)
State and City
Investors
Entered aocordins to Act of Confess,
VOL,
in the
year
11)03,
br \Villi\m
B.
Dana Company,
SATURDAY, JULY
77.
Supplement ^emiAimuajj^
in the ollice of Librarian of Conizress, WanliinRton, D. C.
NO. 1987.
25, 1903,
emiim July
It'eg/c
Cltrowicle.
'^Ixe
Clearings at
—
PUBLISHED WEEKLY.
Terms
ol
Subscription— Payable in Advance
Ouc Year
Foi
Boston
I'ro vidence
00
00
13 00
7 50
,$1()
f«r Si\ .Months
Kun>iH-au subscniitiou (including postage)
Kuropojin Subscription Six iMontlis liuoluding postage)
Auuiial subscription in London (Including postage)
Six Months Subscription in Loudon (including postage)
1
1
—
artlord
N«w Haven
Worcester
Spriniifleld
£2
14s.
£1
11
.s.
includes —
Above subscription
Ba>'k. and Quotation Supplkmisnt
Street fJAiLWAY SuppLEMiiNc
INVESTOKS' SUPPLEMENT
STATE AND ClTY SUPPLEMENT
I
^miAnnuaiii)
1903.
1902
f
->
138.325.188
7.789,800
3.592.687
2.083,895
1,735,316
1,909,324
1,670.176
730,134
Portland
Fall Klver
Lowell
New Bedford
Llolyoke
Total New England.
159,360,0c(0
Chicago
171,338,101
508,15.;
595.0;i6
420 322
or
l7i(,.
18
1900.
IVtOl.
Dec
*
,,
140.790,577
6.850.500
-1-7
148.825,291
-13-7
7.531.401.
3,24^.33-.;
--10-6
2.104,769
1.803 174
—1
—3-«
3,099.995
1.744.709
1.708 596
1.737,27iJ
l,o53.4>i5
--9 9
1.329..52U
--7-5
1.373.066
883,5ll:i
576.763
.JOii.HOl
391.939
160.446.1B4
— L7V
—
+ 18-3
+64
—0-7
963,(j17
r>Td.M4
527.790
12-i;
108.725,070
5,946,800
3.119.181
1,593 138
1,456,105
1,328,089
1,040,701
573,133
5!18,440
.342.470
328,242
294.434
168,019.407
7
124.943,833
151,679 376
19,412,000
10,039,064
12.259.599
6.164,5S0
4.685.594
3.741.050
125,870.718
16.466,950
11.474,287
8,993,149
5,213,567
3,a07,147
2,646,000
1,999,384
1,919,329
|
Terms ol Advertising:—Per Inch
Transient matter per incli space (14 ngiite lines)
(8 Times)
( Two Months
Months (13 times)
Standinir Business l^us
Cards J '-riTee
fetaniung
^j^^ Months
(26 times)
Space
$4
22
29
50
87
.>
Twelve Months
(
(52 times)
20
00
00
00
00
Edwards &
Messrs.
and
Smith, 1 Drapers' Gardens, E. C., will take suband supply single copies of the paper at Is.
advertisuuieutti,
Pine Street.
Pom
Box
Office
COKIPAIVY, Publishers,
Comer ot I'earl Street,
uy
New York
Philadelphia.....
Baltimore
ChicAso
St. Louis
New Orleans
Seven cltiea, 5 days.
Other cities. 5 days
Total
Total
The
5 days.
all cities,
Iday
all cities
for week.
P. Cent.
1902.
»1,045.769,415
105,023.699
106.508,572
18.902,108
137,780,773
40,192.503
11.069.189
Boston
All cities.
1903.
25.
Grand Rapids
Dayton
,
Ill
,
Youn«stown
Kalamazoo
,
Lexmi^on
O
*1.182.428.935
104,759.056
90,377,598
17.404,524
134,707,197
36.388,658
9,936.357
—11-6
+03
+17-9
+8-6
+2-3
+10-5
+11-4
,
,
Ann Arbor
San i'rancisco
Los Angeles
Seattle
Salt Lake City
,
,
Portland
,
Spokane
Tacoma
,
Helena
Fargo
Sioux Falls
Total Pacific
-70
-1-7
Omaha
»1.755.422,039
395.814.622
¥1.871.105.293
406.004.586
-6-2
-2-5
,
Minneapolis
St.
St.
,
PauL
Joseph.
Denver
Des Moines.
,
Sioux City
,
Topeka
Davenport
,
week covered by the above vdll be Wichita.
given next Saturday. We cannot furnish them to-day, clear- Colorado
Springs
mgs being made up by the clearing houses at noon on Satur- Fremont
Total other West'rn
day, and hence in the above the last day of the week has to
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
full details for
the
,
,
,
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, July 18, and the results for the corresponding
week in 1902, 1901 and 1900 are also given. Contrasted with
the week of 1902 the total for the whole country shows a gain
of 5-8 per cent. Outside of New York the increase over 1902
is 8-6
per cent.
Week ending July
—
1903.
Philadelphia...
PittabuTRh.
50,521.972
a'i.408.178
Buffalo
6,656.966
4.004.657
3.432.778
2.574.055
2.9S9.591
1.S27.730
1.491.890
1.324,200
951.843
Washington....,
Albany
It'jchester
L'tjca.
Scrauton
hyracnse
WllmtnKton.
Wilkes Barre...
. .
V heeiinjt
S2o.no
451,200
517,044
625,125
...
Green.«burif
Che>ter.
.
iSrie
Franklin, Pa...
Total Middle
1902.
1.42-2,327,742 1,366,068,402
133,669.402 115.322..540
Baltimore
Blnchamton
Houston
Savannah
Memphis
Atlanta
Nashville
Norfolk
Fort Worth
Birmingham
Clearings at
New York
LouisvUle.
Galveston
Richmond.
49S.8.50
45,697,915
24.087.199
5.661.523
3,650,010
3.190.120
2.953.849
2.789.302
1.335.868
1,132.691
1,160,000
698,168
793,979
377.900
469.262
388.848
$
-K-0 1.582.096.473
"-9'7
41.238.0iM
21.929.492
5.611,588
2.413.228
2.997.356
12-8
ii,351.169
1.281.658
1.319.619
1,021,066
-I-31-7
+14-2
796.843
716.7S7
391.000
442 181
300.157
-I-36-2
+40
+ 19-7
+10-2
+28-3
Not inclufle a Into
.6BU^59;).783i 1.575.777.576!
108.316,5,S0
+7-2
+36-8
207.020 N'nt include d in to
1
190L
Dec.
t^
Augusta
18.
,
Little Rock.
Inc. or
+15-9
+10-6
+9-6
+17-6
.....
Knoxville
190a
,
Chattanooga....,
Beaumont
7S5.578.095
86.242.926
31.0Wi.ll8
18,177.131
5.01 1.299
2.23.1.418
2,874,866
1,799,996
958,102
1.041.619
966,288
442,100
363.0U0
321.310
tal.
tal.
+5-4 1.773.253.S91
,
Macon
,
—8-1
—20
10.9a5.96c.
+8-2
7,574,474
5,6»i,982
4,065,450
--39-1
--25-1
4-3-5
2,824,45'i
2,133.63.5
1,700.402
1,740,76^
1,662,029
2.379,.
--23-5
-
5iS
2,268,440
1.506.9S0
1,367.390
-16-4
+2
—23-9
l,:<i80,124
1.269.737
880.282
725,000
510.872
484,S7U
469.724
474.330
41y.027
415.823
354.430
280,380
191.562
950,383
65,000
134,462
140,000
872,000
65;i,013
537,22tJ
+21-6
590,815
735.402
673.318
647.270
578.994
429.336
369.072
365,385
580.520
241.140
188,711
217.809
85.004
662,291
4-ti
+19-7
90.000
18Li:iS
148,627
93,176
260,026,851
244.432,848
-H5-4
227,223.079
184,981,859
30,152,293
6,630,182
4,897,238
3,081,620
3,397,266
2,409,162
1.820,459
569,303
473,73o
238,769
26,280.402
5,053,611
3,425.120
3.587,512
2.961.534
1,606,312
+14-7
-31-2
—14-1
1,313,377
-f-38-6
503,121
450,581
251,475
+13 2
-5-1
24,012.893
2.818,052
2.814.912
4,313.588
1,917.524
1,124,590
930.686
449.545
287.444
216.390
19,957,153
2.337,060
4,237,181
2.270,349
2.442.197
1,062,450
927,666
800.146
832,038
133.688
53,670,028
45,442,075
+lsl
38.88«.624
34,389,U26
20.729,869
13,440,711
7,971.812
6,172,389
4,500,000
4,933,214
2,023,601
1,300,682
1,150,581
890,975
525,988
541,131
148,016
18,553,885
12,152,740
6,368.274
5,900.996
4.404.149
4.129 700
-t-11-7
20 031.034
--10-6
--26 2
1,745.23:^
•+15-9
1,503,962
1,155,251
1,074.611
488,151
600.000
138,933
—13-5
9.456,167
6,640.098
4.875.143
4,990,»34
4.012.567
1.475.257
1.803.296
1,130,833
12,450.064
10.034 795
6,201.740
6,160.797
4,015,595
3,902,678
1,471,728
841,507
1,034,654
830,080
466,047
64,329.769
51.754.403
14,907,717
10.115.189
5.350,000
2,932,500
4,039.048
2.600.069
2,982.258
2,419,281
2,581,645
1,680,040
1,659,000
1,117,723
1,3S3,4»2
651,372
808,239
638,000
777,161
520,000
361,923
1,064.734
—
547264 --34 5
545,251
484.266
444,356
369,77s
316,395
411,94k:
305,334
322,392
221.62a
208.695
71.038
- -23-a
--33-7
--30-3
--161
--16-7
—11-3
+90-1
^8-4
—14-8
+44
+420
+147
+50-0
^31
+1-6
-f2-2
+19-5
—04
-17-1
906,895
467,192
880,800
153,780
+7-8
-9-8
+6-5
58.215.387 +10-5
46.243,157 +11-9
56,323.896
2,'.i«4,719
-
-30-6
47,122,389
8,647.636
8,150,84S
3,268.972
3,151.000
4.742.811
2.502.6^1
2,253.119
2,009,568
1,715,531
1,795,610
1,470,469
--20 4
l,553.2-.i3
+50-5
—6-4
1,521,059
+129
943,068
791,116
501,603
7S6.451
511.556
536.000
391.494
11.732.536
10.515,256
4,858,922
2,059,000
3,9a7.121
2,869.712
+271
-3-2
--10-1
- -12-4
+1-1
-9-4
890,936
808,423
703,115
+25-5
752,1(S5
+7-4
+35-2
472,000
540.000
406,267
360,714
+71-1
—71
--43-9
--27-8
+0-3
b&l,938,069
814.669.719
23,442.607
16.352.259
4.515,570
1,599,934
2,535,636
1,621,241
1,335,327
1,114.499
966,622
895.651
543,025
19,988.954
13,950,3 .'b
3,444,358
54.922,371
46,921 772
477,578
321,780
333,800
434,072
298,231
287,845
2«9K566
227,150
200,000
154,549
46.565,143
32,752,116
8,726,457
7,888.548
2.450.79^
1.970.500
3,691.817
4.390,848
1,526,857
1,412,805
1,220,843
1,313,291
780,395
694,131
521,784
718,035
341,749
555,000
393 533
32li!7i
231,959
89,233.67o
+13-3
+5-8 2.352.943,570
+8-0 770,847,097
,399 540,037
Not include d
109,279.350
96.421.051
2,807.265.811 2.180,738.121
l,505,,;8u
4S 1.500
in to lal
71,581.600
613,961,942
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
,
Quebec.
Vancouver.
Hamiltun.
St.
John.
London
Victoria
937.078.176
,
Jacksonville .. ..,
Charleston
Total Southern
Total all
Outside New York.
+80
2-1
—
158,684.055
23.390,950
17 865.83b
—56
,
Total Mid. Western
Jl,576,002.275
295.103 018
52.277.109.879
,
Jackson
$1,465,246,253
290.175,786
—5-5
,
Uecatur.
Mansfield
Jacksonville
Kansas City
*2,151.236.661
,
Evansviile
Bloomington
Quincy
made up by
'lelearuitU.
Week Ending Juiy
Columbus
SpringUeld.
telegraph, etc., indicates
that the total te,nk clearings of all the clearing houses of the
United States for the week ending to-day, July 35, have
been §2,151,236,661, against $2,307,365,811 last week and
$3,377,109,879 the corresponding week last year.
{,'ltaringa—lietu.riia
India'-apolls.
Canton
Rockford
CLEARING ROUSE RETURNS.
table,
Detroit
Milwaukee
SpriugHeld.
NEW YORK.
9^$».
The following
16,416,072
10,720,325
8.198,910
7.838,938
5.087. 100
2.922.941
2,612,54h
1.977.655
1.774,999
1,2&1,570
823.000
Akron
DANA
^VILLIA.n B.
22,895,UOtt
Cleveland
Toledo
Peoria
LOM)Oy AGEMS:
scri]Uiuns
each.
Cincinnati
,..,
Total Canada
.
l,65l,63tf
l,878,4a2
l,a«,895
1,371,470
997.778
914.960
70^.179
482.7 9
+17-3
>17-2
19,722,149
11,456.832
+31-1
2,035,42'-
-
-31
+350
-+-5-3
-2-6
+11-7
+5-7
-
2,121.901
1,594.916
855,847
776,556
1,019,445
14,629,051
9,801,459
2 358,231
1,621,165
1,019,741
716,.-t05
620,300
-27'6
-1-12-5
738'l89
-t-17-1
40.321,241
755.664
31.551,916
—
THE CHRONICLE.
166
REPORTS OF TRUST COMPANIES IN
TORK AND BROOKLYN.
NEW
[Vol. LXXVII.
gather In a large enough amount of the company's
securities to work out their purpose.
Under these circnmstanoes and in the present condition
of public sentiment,
it was the wiser course
concerned that the worst pressure from the
attack was allowed to exhaust itself, even though
lower quotations were reached than ever before.
The management has been from first to last
June 30 1902.
more open and trustworthy in its methods and
conduct than the management of any other large
TEE INVESTORS' SUPPLEMENT.
industrial corporation that has ever been formed,
The quarterly number of our Investoes* Supple- and during its entire existence has acted as an
ment is issued to-day, and is sent to all our subscribers. organization having nothing to conceal. Conscious
The Supplement contains editorial articles on the therefore of the sound state of the company's busifollowing topics
ness, of its stockholders' thorough acquaintance with
MENACING INVESTMENTS.
that situation, of the large business it has been
PRACTICAL EDUCATION.
doing and profits making, of the promise of even
MODERN LOCOMOTIVE DEVELOPMENT.
larger profits according to the present outlook, of the
SAFETY AT SWITCHES,
certainty that no dividend was to be lessened so far
as human ken could tell, that it was dealing, had
always dealt and always would deal liberally with itg
On
pages 200 to 206 of this isstie of the Chrokicle
will be found complete reports of the condition of all
the trust companies In New York City and Brooklyn
on June 30 1903, as compared with Dec. 31 1902 and
THE FINANCIAL SITUATION.
The current week's developments on Wall
for all
labor
— conscious of these facts, the management of the
Street
United States Steel Corporation deserves to look with
have only etrved to bring out in sharper lines the ac a good deal of equanimity on passing events, and
curacy of the view of the situation we took last Satur- every indication favors the Idea that It has done so.
day.
Common
report, to be sure,
still
declared, at
during the first half of the week, that *'big
men" and "large syndicates" have continued turning
all sorts of short corners in their efforts to wriggle out
of their embarrassments; and yet, so far as these
classes have representatives in New York, instead of
wearing a look of solicitude, they continued to appear
as calm and cool as " the morn, all unconcerned with
least
our unrest." It is admitted, too, on every side, that
even after most studious efforts put forth not a trace
One unof a sale in those directions has been found.
usually clever reporter thought on Tuesday he had his
Another, though more moderate, liquidating movement at the Stock Exchange was an Incident of
Thursday, the chief Influence used to give a general
turn to the material decline of a few properties being
unfavorable rumors respecting the crops. Corn in
Kansas and Nebraska was on this occasion claimed
to be materially damaged by high temperature and
hot winds. The force of the rumor wap very noticeable in the operations In grain, irregularity and great
nervousness characterizing prices of not only corn
but the other leading cereals. It was wholly reasonable that stocks should be similarly affected.
The
truth is, the crops are by long odds the most Import-
on a closed-out 6-million- dollar bank loan, the
collateral said to be almost wholly Steel common and ant factor In the situation of security values.
finger
preferred ; but before nightfall even that statement
had proved, like all the rest of its kind, pure fiction.
The distlDgulahing feature of the market the earlyhalf of the week was the attack on the United States
Steel stocks and the accompanying rumors put afloat.
If anything could prove the origin of the raid, these
rumors ought to have been sufficient. The claim was
that the people very near the highest In the organization were compelled to liquidate. Accompanying this
was the disclosure that false accounts had been discovered in the company's books and that a generally
ing of sensitiveness
Is
A feel-
never absent this season; the
backward growth of corn, cotton and spring wheat
Among these an
is a source of constant anxiety.
adverse rumor respecting corn would obviously and
by far excite the greater fear. The public knows,
too, what a scorching wind in the States mentioned
means as a quick extinguisher of high hopes. There
was probably very little of truth to support the rumor.
But when the stock market gets Into an acutely sen-
such as now prevails, a suspicion suggested
on so vital a point Is enough to make general a
bad situation existed. The public was also told that decline which would otherwise have been confined to
It was
comparatively large
the management had determined to begin the next very narrow limits.
quarter by reducing the dividend on the common sales of Amalgamated Copper and of Eaalty preferred,
stock, probably to discontinue it wholly soon there- added to quite unimportant failures In Boston and
Not to prolong the list of Indictments, It is Toronto, that easily forced liquidation in the stocks
after.
enough to add one other statement among those put named, the former declining 6 and the latter 6 points,
out, that the labor of the corporation was everywhere the market closing with the set-back general. Testerdisgruntled and on the point of striking, which would day, however, the bears, aided by a general hysteria,
throw into prolonged confusion the entire business seemed to be In full possession of Wall Street busiThese are given merely ness, and two failures were among the results, after
of this .vast corporation.
as specimens of the words passed from month to which a sharp upward reaction ensued at the close.
mouth ; they obviously could not have proceeded
Eeports have several times come from Washington
from those who wanted to get the best price
their stocks.
Clearly they were of late, and again this week, to the effect that Presiobtainable for
nothing less than the iear-marks of a most vicious dent Boosevelt desires Congress as early as possible to
bear attack. As the Issues of the company are un- prepare and pass a measure intended to provide for a
uBually^largeand as values had already dropped so more elastic currency. This appeal is substantially
low, especially of the common stock, It was easy for in accord with previous similar statements on the
those who wished to farther break the market to same subject, and we presume it represents the parsitive state
July
THE OHRONTOLE.
25, 1903,]
pose of iDe Aimluisiraiioa to press me maicer of au
If
"elastic currency'' on the attention of Congress.
likely
to
be
heeded
the
Is
to
proposal
that Is 80, the
extent at least that some important currency change
will be a foremost object of legislation.
Had cot a paper money arrangement the faculty to
derange as well as to facilitate industrial m( vements,
there would be little for discussion respecting the
character of the device to be adopted to meet our
In that case almost any one of the
note contrivances we have could be used for tiding
affairs over the special crop need and other emergenanything that served to enlarge the quantity
cies
alljat of our promises to pay would suffice. Of course,
present plight.
—
though, no intelligent authority to-day would suggest so disturbing a
remedy
In Congressional circles
as
an emergency issue of
The more
greenbacks would prove.
general proposal
would seem to indicate a new
bank cotes. The character they will
presumably be such that if the need for the
issue of national
take will
not urgent, they will not be called into circulation, because always freighted with, say, a six-per-cent
notes
is
167
matter
now to
float
a 3^ per cent issue, and even 4 and 4^ per cent bonds
do not readily find takers. We pointed oat in our issue
f July 11 that in June no less than 65 municipal bond
offerings had met with no bids or with bids which
were unsatisfactory, and hence were rejected, and that
in the month of May thee had been 36 offerings that
had met a similar fate. The experience the present
month has been the same. Up to yesterday 36 Jaly
offerings in various parts of the country had failed to
bring out satisfactory bids.
Oat of the 36 only four
were 3^ per cents; the others were 4, 4^ and 5 per cent
issues.
Cincinnati this week sold $500,000 3^ per
cents, but got only par, and Hamilton County on the
16th disposed of $250,000 3i per cents at 100-52. Massachasetts on the 3d instant found takers for $2,101,000
3^3, but the terms are not known, as the sale was a
private one.
Aside from these only two or three very
Bmall issues of 3^ per cents have been placed In July.
Minneapolis has twice within the last sixty days endeavored to sell $816,000 3^ per cents and failed, and
is now offering $300,000 of the amount as 4 per cents.
Ic
not
Is
an
easy
'
same reason they will not stay
The anthracite coal roads are still mining ooal at an
out any longer than the money market rules at six per
bank
to
it
will
not
the
keep
extraordinary
rate, and just now the contrast with a
higher,
because
pay
or
cent
them out. That in substance is the theory. We can- year ago is particularly striking, since at that time
interest rate;
for the
not discuss to-day the feasibility of such a dtvice,
because there is no definite plaa suggested by the
no coal was being mined, the strike beginning the
12th of May and lasting until the 23d of October.
Some figures have been given out coveriog the output
committee of either House of Congress. The object
for the month of June and for the half year to Jane
is evidently desirable. As our currency exists at present,
It appears that for the month the shipments
there is no means for increasing or decreasing the 30.
afloat
except
through
the
use
United
States
from
the mines aggregated almost five and a-half milof
volume
bonds; in that case expansion and contraction de lion tons 6,436,497 tons. In Jane last year, with
pend wholly upon the price of the bonds and not at mining suspended nearly everywhere, the product
was less than one hundred thousand tons 92,203
all upon the needs of commerce.
to
reason
suppose
that
tors.
have
no
the
currency
reFor the half-year to June 30 1903 the
We
shipments are given as 31,884,952, which comvision contemplated will be radical.
It will, we pre
sume, be confined, as already indicated, to adding to pares with only 18,824,082 tons in the first
our present systems a bank note contrivance Intended balf of 1902, thus showing an increase for the
E^en this large
to meet and relieve an emergency by a new issue of six months of over 13 million tons.
those notes. It is hardly probable that the well known increase suffices to make good only a part of the
defective kinds of note issue which we now have in deficiency sustained in the calendar year 1902 by reause will be substituted by a new device in touch with son of the strike. In the whole of 1902 only 31.200,890
commerce having the homing principle inherent. tons of anthracite came to market, or less than the
Unless the reform is thus thorough, we cannot feel amount shipped, as just shown, in the first six months
any great confidence in its efficiency and permanence. of 1903. In the calendar year 1901, on the other
hand, the shipments were 53j 668,601 tons, showNew York City officials are to be congratulated ing that the falling off in the twelve months of 1902
upon the successful outcome of the city's offering of amounted to over 22 million tons. Evidently, there$3,600,000 3i per cent gold bonds. Considering con- fore, the present full rate of production can be conditions in Walt Si;reet and the difficulty other munici- tinued for many months to come without danger of
palities are having in disposing of bonds bearing overstocking the market.
higher rates of Interest, it would have been no sur
prise if the authorities had failed to float the bonds
The increase In the dividend rate on Erie first preat this jancture.
The Interest basis at which the ferred stock is one of the favorable events of the
sale was made is not of course as low as pre- week.
Beginning with August 30 1901 this first previously, but that was a foregone conclusion un- ferred stock has received 1^ per cent each six months.
der existing
circumstances.
The city realized Now the payment is to be 2 per cent, which is at the
an average premium of 2 per oent on the rate of 4 per cent a year. The matter is of Importwhole lot, making the interest basis about 3 418 ance not only as illustrating the prosperity enjoyed
per cent. The $3,000,000 sold May 12 went on a 3 32 by the road, bub also because of its bearing on the
—
—
per cent basis, the $2,600,000 sold in April netted the
bujera 3 36 per cent and the $2,600,000 disposed of
in March were taken at 3*32 per oent.
In June of
last year
the basis of the sale
per cent.
Hiving regard
to
control of
the property.
Company
The
present Erie
Bail-
December 1
1895 as successor to the old Naw York Like Erie
3-28
of $4,667,000 was
& Western Railroad Company, sold in foreclosure,
the shrinkage in the and the stock has been held since then by three
values of all classes of securities, the advance in
the city's borrowing rate indicated by these figures
must be looked upon as comparatively slight.
road
voting trustees,
was
viz., J.
organized
on
Pierpont Morgan, Louis Fitz-
gerald and Charles Tennant, Bart., under a provision
in
the
reorganization
agreement giving to
these
THE OHKONICLE.
168
trnatees tne yoilng power on all classes of stock for
five
years and thereafter until the
new
first
preferred
stock shall have receiyed 4 per cent dividends in cash
Should the present payment of 2
in any one year.
per cent, therefore, be repeated at the time of the
next semi-annual payment, the control of the voting
trustees would be terminated.
The Erie company has been submitting very satis
factory revenue statements for many months past.
The company is both an anthracite coal carrier and an
important trunk line. The anthracite miners' strike
affected it adversely during the first quarter of the fiscal jear 1902 03, but even at that time the road's
losses in earnings were small alongside those recorded
LVOL. LXXVII.
trauiac ions were at 2^ per cent and at if per cent,
with the majority at 2 per cent. On Friday, loans
w^ie at 2i per cent and at 1^ per ctnt, with the bulk
of the business at 3 per cent.
Banks and trust companies loaned at 2 per cent as the minimum. No
large loans for railroad corpor;itions were rt ported
this week, though it was thought likely that some of
such loans were being negotiated through foreign
bankers. Eates for contracts on good mixed Stock
Exchange collateral are quoted at 4|@5 p^r cent for
sixty to ninety days, 5^ per cent for four months and
6 per cent for six months and for longer periods; the
business is almost wholly confined to loans for from
four to six montts.
Rates for commercial paper are
firmer and the offerings are increasing. The quotations are 6^@5f per cent for sixty to ninety day endorsed bills receivable, with only very choice names
selling at the lower rate; 6|@6 per cent for prime, and
6 per cent and above for good four to six months'
single names.
by the distinctively anthracite coal roada, and as
soon as the strike was settled the company began rolling up noteworthy gainp, which gains
have continued every month since then. No income
statement frr the full twelve months to Jane 3U
1903 has yet been given out, but for the eleven
months to May 31 the gain in net earnings as com
The Bank of Eugland minimum rate of discount
pared with the same eleven months of the preceding
dollars—
remains
million
The
unchanged at 3 per cent. The cable reports
$2,028,626.
over
two
year was
significance of this showing will be understood when dipcounts of sixty to ninety day bwnk bills In London
The open market rate at Paris
we say that in the fiscal year 1901-2 the surplus above 2f@?i per cent.
IS
charges for the twelve mootts wa3 14,384,677. Oat
2f ppr cent and at BeiUn and Frankfort it is 8|
meeting
per
paid
in
the
per
cent.
According to our speciil cable from Lonwas
3
this,
$1,436,772
of
cent dividends on the $47,892,400 of first preferred don the Bank of England lost £41,294 bullion during
With the dividend on this stock raised to the week and held £36,655,691 at the close of the
stock.
Oar correspondent further advises us that the
4 per cent the call would be $1,915,696, instead of week.
stock
amounts
to
loss
due to imports of £68,000, wholly from Aussecond
preferred
was
The
$1,436,772.
only $16,000,000, and 4 per cent dividends on it would tralia, to exports of £40,000, of which £20,000 to
It is thus evident South America and £20,000 to Java, and to shipments
call for no more tha'a $640,000.
that in the late fiscal year a very substantial surplus of £69,000 net to the interior of Great Britain.
must have been earned for the common stock of the
The foreign exchange market was firm at; the becompany, though of course no one seriously enterginning of the week, but comparatively liberal offertains the thought of a dividend on this stock.
ings of finance bills and also of those drawn against
securities made the tone heavy, and after Wednesday
discount
by
in
official
rates
of
There was no change
any of the European banks this week. The announce the demand for remittance subsided and the market
ment is made that a new 4 per-cent Bussian loan for became dull. There was some selling of long sterling
the equivalent of $26,000,000, guaranteed by the Im In expectation of covering at a profit If the export
perial Government, has been subscribed for by Frencb movement of grain and cotton shall become free, as
The feature of last week's statement of is usually the case in September and October; but
capitalists.
the New York Associated Banks was an increase of tbis selling was apparently not very confident because
$6,036,200 in the cash reserve. The deposits were
augmented $3,C64,800, in cocatquence of which the
of the
required reserve was increased $766,200. The 8ubtractlon of this sum from the gain in cash left $5,270,-
chases of railroad stocks and bonds for European ac
continued manipulation by speculators of the
cotton market. The security bills resulting from pur-
count through the arbitrage houses and, also directly
000 as the increase in surplus reserve, carrying this on foreign orders, were smaller in amount than in the
item to $13,278,475. Calculated upon the basis of previous week, but they were sufficiently large to
The majority
deposits, less those of $37,268,800 of Government make an Impression upon the market.
funds, the surplus is $22,595,675; the loans were of the finance bills whioh were offered this week are
reduced by $2,513,500. The Sab-Treasury paid this reported to represent the direct negotiations of loans
week $1,123,101 Assay Office checks, representing through large banking houses. Continental exchange
Klondike gold deposited at Seattle and at San Fran- fell off after the middle of the week, reflecting a
Commercial bills were lower, inThe exchanges of refundable bonds for the lighter demand.
Cisco.
flienced,
to
some
extent,
by offerings of drafts for
2-per-cent consols have thus far amounted since reor
less
prompt
more
delivery.
The A^^ay Office paid
on
1
to
operations
began
April
$79,192,200.
funding
$787,914 66 for domestic balli n. Gold received at
Money on call, representing bankers' balances, the Castom House during the week $7,658.
Nominal quotations for sterling exchange are 4 84^^
loaned on the Stock Exchange during the week at 3
Ou 4 85 for sixty day and 4 87@4 87^ for sight. Rates for
per cent and at 1^ per cent, averaging 2 percent.
Monday, loans were at 3 per cent and at 2 per cent, actual business opened on Monday firm at an advance,
with the bulk of the business at 2f per cent. On compared with those on Friday of last week, of 10
Tuesday, transactions were at 3 per cent and at 2 per points for long, to 4 8420@4 8430; of 25 points for
On Wednes- short, to 4 8650@4 8660, and of 35 points for cables,
cent, with the maiority at 2^ per cent.
day, loans were at 2^ per cent and atl^ per cent, with
On Thursday,
the bulk of the business at 2 per cent.
8686@4
On Tuesday
the market grew easier,
iLflaenced by offerings of finance and of security bills,
to 4
'
87.
July
inn
25, 1903.J
jiKiinf ii;ijB.
I
and iiiougn loug was uDCtiaugeil snort leil off 2u
pointB, to 4 863' @4 8646, and cables deoUiel 20
On Wednesday there wae
points, to 4 8666@4 8680.
a fall all around and long receded 10 points, to 4 8410
8420 ; short 5 points, to 4 8626@4 8636, and
The naarket
cables 16 points, to 4 866C@4 8666.
Ou Thursday
closed dull and steady at the decline.
the
tone was
small,
though
the business was quite
heavy in the absence of demand ; long and cables
@4
It5»
TEE MASCHURIAN ARRANOEMENT,
This week's intimations by England that it still expects Russia's withdrawal from Manchuria by October,
and the rumors not very well authenticated of war-
—
like threats
—
and preparations by Jtipan, lend a peculiar
our own arrangement, jast concluded with
the Russian Government, regarding the Manchnrian
We assume this arrangement for concession of
ports.
the "open door" to have been concluded, because, deInterest to
were nccbanged, while short was 6 points lower, at
On Friday the market was weak spite Count Cassini's cautious denial of his own part
4 fc62r@4 8630.
Department has clearly Intimated that
early lu the day closing steadier; long was .26 points in it, our State
Russia has directly come to terms, and because,
and short and cables 16 points lower.
China has not yet become directly a party to
though
The following shows dally posted rates for exchange
the trade agreement, it Is assumed In all diplomatic
by some of the leading drawers.
circles that she will.
DAILT P08TB0 BATES FOR FOBEIOM KXCHAMGI.
Mow..
JU],
17. JiilV 20.
MM
( 60 (iar«
^g,g^^
4
4tf7
87
BmT\uH.
loodar*
4 86
PS
4t7«
486
MMoaD A Co.
No.
Bank
iBiitht.
Britlih
60 (1>7«
iSiKht.
1 60 da7>
(
Amenoa ..
of
8-.«
e5
85
b7
85
87M
67H
bin
t7«
b7«
85
86
86
86
4^7^
86
67«
87«
87H
S7«
87H
4tS
86
86
86
85
80
87«
87«
b7«
87«
87«
8S
66
86
86
87J4
b7«
86
87
85
b7
86
87
85
b7
86
87
36
87
87«
t7«
f-5
4>-7
86
67
b5
87
486
85
86
87
(
IK"
of Canada
(
)
60 days
Slxbt
«
88
87
86
87
87
(
"
If arttkanu' Bk.
(-5
85
485
4 87H
Slffht.
of Commeroe.
60 daja 485
Haldelbaoh,
laldelbaoh lokloL
487
•Ikaimer k Co.,{9lBht
4^0
i'—o »>•'••••
.
^5
«
b7H
4f7«
(SUht..
Montreal
Oanadiao Bank ) 60 daya
.
t5
BtomBTo*
Bank
WlD., THUB.
TUBB..
FBI.
July 81. Jvlv 22. -Ulv 23. 'July 24.
4frH
67
87
86
87
87
The
oloaed
Wetk ending July
movement of money
New York banks.
Received 6v
84, 1903.
Net Interior
Movement.
Shlpved by
y. T. Banks. ^.T.Banhs.
Currencj
Gold.
16,239.000
»2,P58,00T
00
6sa,ooo
1.612.1
em-
open ports, has been secured merely by keeping
up a patient and persistent pressure on the Russian
Foreign Office, a pressure backed by assurances that
it represented the strong feeling of the American
people as a whole. Looking beyond the narrow horizon of professional diplomacy, we can detect, at least
by inference, as it sometimes seems to ui the foreign
critic cannot, the reason why this pressure has been
Gain. f3,?81,000
Gain.
960,000
successful.
not seem probable to us that the Russian
Government has ever seriously looked on the United
It does
States as a possible military antagonist,
a probable military
ally.
Its
much
less as
statesmen are not sub-
and they are quite aware that the
American people are a peace-loving people, whose
ject to delusions,
Total Kold and legal tenders.
$7,8^1.000
$3,640.0€0
With the Sub-Treasury operations the
Gain.
4,341.000
result
is
as
chief wish, so far as outside nations are concerned,
to trade
follows.
Week ending July
hostility; bis success, as
for
following gives the week's
to and from the interior by the
arms or threats of open
bodied in the written assurances of Rassia that It will
not stand in the way of an arrangement with China
4
at
would be more correct to say a victory over
Russian red tape and diplomatic postponement. Secretary Hay has gained no victory through flonrish of
bly it
8386^4 84 for long.
for
short and 4 8636^4 8646 fo}
Commercial on banks 4 8330@4 8360 and
oables.
documents for payment 4 82|^@4 83^
Cotton for
payment 4 82|@4 83, cotton for acceptance 4 8330
9 4 8360 and grain for payment 4 83|<^4 83^.
The market
4 8606@4 8616
It is, in fact, recognized by all the world that an
important diplomatic victory has been won by the
United States over Russia in the matter of the Manchnrian ports. We say a victory over Russia; proba-
Into
Banks.
84, 1903.
Out of
Net Change in
amicably with them
all.
The
is
case of Spain,
these statesmen undoubtedly are aware, arose prima-
from the fact that another Power was maintainGain. $4,?41,0C0 ing a nuisance at our doors.
Banks Interior movement, as above
f3,54<-,000
Russia can hardly have
I2.3EO.00O
21,150,000 Gain. 1,200,000
Snb-Treasury operations
failed, moreover, to grasp the salient fact that no two
$30,231,000
$24,690,000 Gain. 5,511,000
Total gold anU legal tenders.
Powers have fewer points of friction or collision than
The following table indicates the amount of bullion Itself and the United States. If it looks to future
In the principal European banks.
controversy over commercial rights in the Pacific, it is
Bank
Banks.
Holdings.
rily
»7,88l.00n
July
Jvly 23, 1908.
Bonk
looking very far ahead.
24, 1602.
of
CMS.
Gold.
Sitver.
£
£
£
36.56?, 60
38,279,100
Total.
Silver.
£
36,665.691
Bngland
102.548,86-France
Germany....* 34,13 00
45, 018,207
U 995,000
147,E67,07f 103,53'' ,334 44,867 ,4'-0 I48,40.S.814
46,133,0(M' 38,6-2,0(0 14.303,000 52,975.000
Rnssia
Ans.-Hnng'yt
Spain
79,487,000
988,'
45,857 ,0i;0
14,68i,0<j0
018,000
47H,000
Italy
18,892,000!
•i2',000
68.420,000
35,L61,00C
21,2!8.0J0
e, ,50^,600
10,447.500
1, ,',91,338
4,474,000
.
3,839,600
MaUBelKm.*
2,982,t67
£
38,279,l'-0
But Rnssia has certain other purposes to serve quite
as important in their way as offensive and defensive
alliances; and we imagine that the very fact of onr
j
,<
Netherlands
7otal.
1
2,
f
f
8.376,000
8,880,000
8 J, 179,000
44,02< ,00u 12,660,000
56,6-0,000
14,185,000 19,5: 9,000
16,187,000 2,<82,9"0
33,764,000
74,-<:e9,000
4, 849,8 JO
6,714,600
3,166,001
1,583,0(0
18,249,900
11.564.400
4,7*9,000
Tot-thU week <88,4X4.124 109767HO
448,251,2-5< 337,194,-434 11061W980 4*7,844.214
Tot,prev. w'k J34,642.9 4 lo9399130 444,04-^044 334,i97,44t llo9988216'444,6s5,6ei
* The dlylBlon (l>enreen gold and sUver) giyen In oar table of oolx
Mtd bolllon in the Bank of Germany and the Bank of Belgium it mad«
from the best estimate we are able to obtain In neither case Is It
elalmed to be aooorate, as those banks make no distinction in their
weekly retnms, merely reporting the total gold and silver, bnt w«
diplomatic isolation
cerned
we make
a close approxtmatlon.
t The Anatro-HanKanan Baak Statement Is now Isined In Kronen and Heoer Instead of Oniden and Kreatier. The redootlon of the former onrrenoy to
•terling M was by ooniiderlng the Oniden to have the valne of 60 cents. Ai
the Krone baa really no trreater yalae than 20 cents, our cable correspondent in
l<oadon. In order to reduce Kronen to 4, has altered the basts of ootverilon by
drldlng the amount of Kronen by 84 Instead of 80
it
at least as Rnssia
essential to
is
con-
keev in America's good
For one thing, Russia is poor in capital and
likely long to remain so; the United States is rich and
growing richer. The time may come at some more
or less distant period when Rassia may need money
badly, and will be precluded through its political entanglements Irom raising it in the accustomed Earo>
graces.
pean channels.
;
believe the division
—makes
—so far
Were such a
situation to arise, the
friendship of a State not involved in Europe's jealousies
Is
value.
and suspicions would be of no small potential
That Russian diplomacy does not ignore this
unromantic factor in a diplomatic friendship, its relations with France during recent years provide
abundant testimony.
THE CHRONICLE.
170
Again, there la the ever present poesiblllty in the
wheels within wheels of Earopean alliances that
Bassla might find Itself confronted, before or after
actual coifiict, with so formidable a body of antago
nlsts that it might have to sue for terms.
This is a
possible predicament to every Earopean State, and
nothing is more indispensable to a State in sach a
situation than the friendly good offices of a neutral
[Vol. LXXVII.
United States has given its assent to Russia's
continuance in Manchuria as the price of the open
door.
Bat this is clearly absurd. It would assume
a Machiavellian
policy which Involved outright
the
abandonment
of a friendly State while
ing zeal to help
it,
publicly taken by
among
and the discrediting
our Foreign
still
profess-
of a position
Office as
a
leader
the Powers.
power sufficiently strong to make its voice respected
and sufficiently disinterested to disarm suspicion. It
Is
certainly not without significance that this week's
have reported Secretary Hay as ofiering
fiiecdly mediation to avert a possible clash between
Russia and Japan. Such mediation might, not incon
ceivably, become the means of committing Hossia
finally and formally as to her Manchnrian policy; it
might avert trouble with Japan this week and trouble
with other powers in the longer future.
These are among the motives which, we fancy,
govern to-day and have always governed Eussia's
position in regard to the United States.
It is these
reasons which lead us to repose more faith than Earopean critics seem to do in the sincerity of Russiii's
promises in Manchuria, and to entertain even more
respect for the common sense and sagacity of Mr.
Where another Mioister might conceivably
Hay.
have blustered or threatened, and gained in replj
nothing but clever evasions, Mr. Huy was wise enough
rumors
WITHHOLDING CURREN2 RETURNS OF
RAILROAD EARNINGS,
Some
of our railroad
managements are taking a
backward step in the matter of keeping their security
holders and the public Informed as to the course of
current revenues. Three important companies have
within a short time decided to discontinue the weekly
returns of earnings which they had previously furnished for many years. Oae of these companies is
the Cleveland Cincinnati Chicago & St. L>uis, which
In May suddenly stopped sending out the weekly
statements, both for the "Big Four" (as the road is
commonly known) Itself and for the Peoria & Eastern
Railway, which latter it leases and operates. On inquiry we learn that it has been determined to change
the old practice and no longer furnish weekly figures
of gross, or even early estimates of monthly gross.
Another company which is about to enter on a simito make a reasonable request, repeat it insistently, lar policy is the St. Louis & San Francisco Riilroad;
and prove to the other party that the American people that company has made public no figures of earnings
were enough in earnest in the matter for its settlement since the close of the fiscal year on June 30. The
third company which has decided to cut off weekly
to place their good-will at stake.
The arrangement entered on under these satisfac- returns of earnings is the Chesapeake & Ohio Ry.
tory circumstances is in some respects peculiar. In this last instance the present is the first break In
Rassia is not the owner of MiDchuria; she is not, in the continuity of the reports since the reorganization
law at any rate, Manchuria's suzerain. Oa the con- of the property In 1888.
It should be distinctly understood that none of
trary, her explicit agreement to withdraw from the
Manchnriaa provinces when order is restored is in these companies contemplate suppressing all returns
the hands of our State Department. Yet it is with of current earnings. Aadited returns of gross and
the Russian Ambassador that our State DepartmeLt nat are to be issued each month when ready say
deals in exacting a pledge that M^inchurla's ports from four to five weeks after the close of the month,
but the plan of giving out weekly figures of gross Is
shall be kept open to the commercial world. We presume this curious fact is to be explained by to be abandoned altogether. We also hear that
that
Mr. Hay
is
in the another and still more prominent company in the
further
fact
the
Central Belt, and which for more than a quarter of a
the
taking
shortest
habit of dealing with realities and
road consistent with good faith towards reachlDg a century has been furnishing early prelimioary estim-
—
Good
month
not sacrificed In the pres
ent instance, because the Ohinese sovereignty of
Manchuria is still formally recognized by both parties
to the preEent arrangement and Chinese assent will
ates of gross shortly after the close of the
desired along the surest path.
cerning railroad revenues or railroad affairs generally.
Probably the reader is not aware of the extent
to which the retrograde movement
and retrograde
given point.
faith
is
(to
be followed later by audited figures of both gross and
under consideration the advisability of dropping the early monthly estimates aod making public
be Bollciked and secured before any second step is only the later statements of gross and net.
In our opinion the policy of wit^hholding the
taken. Russia is, beyond question, the most powerful
unwise.
Furtherin£uence at Pekln, and a request of this sort, backed weekly figures Is decidedly
more,
the
defied.
present
seems
a
peculiarly
inopportune
would
hardly
be
indorsement,
by Russian
Thus our Department has moved straight to the point time for suppressing information of any kind con-
As
to the bearing of this
whole negotiation on the
Russian retention of power la Manchuria, that cannot
way decisive. We demanded and
months ago Russia's assurances that sh^
possibly be in any
received six
will
withdraw
and assent
;
those pledges have not been revoked,
to the reopening of
Manchuria cannot
re-
Farthermore, the question of Russia'a
permanent occupation of Manchuria involves other
principles and other problems than the open door.
The resentment expressed In China over signs of
unwillingness to withdraw, and the warlike mutterlngs of Japan, show how that phase of the quesvoke them.
tion
is
regarded elsewhere.
It
net), has
aaovement
many
it
distinctly
is
—has
—
gone.
It is not so
years ago since our weekly compilations of gross
earnings embraced close on
100 separate roads.
Even as recently as four years ago the number
ran as high as 80.
Now it has been reduced to
but
little
more than 60
interval quite a
number
to
roads.
of
To be
sure, in the
roads have disappeared
through absorption and consolidation, forming now
portions of other systems; but entirely apart from
this process, which would have reduced the number of
may be intimated that roads reporting in any event, certain prominent roads
—
July
—
IHE CHKONICLE.
35, 1908.
171
system west of Baffalo, like the Lake Shore & Michigan
reason that it Is no longer possible to procure returns Southern and the Michigan Central, supply complete
half-yearly statements, and such of them as extend
from them.
the
January
1903
Chicago
the Lake Shore & Michigan
of
Milinto New York State
first
Up to the
waukee & St. Paul Railway posted up weekly returns Southern and the New York Chicago & St. Louis
Since also furnish the quarterly returns required by the New
of gross earnings with undeylating regularity.
nothing
but
the
audited
returns
York State authorities. The "Big Four" company
the date mentioned
of gross and net, issued usually about thirty days for years furnished weekly figures of gross and
after the close of the month, have been available for monthly statements of gross and net, but as we have
The Northern Pacific Company sup already shown the weekly returns have now been
that company.
plied weekly returns as recently as April of last year, abandoned.
We can see no good reason why weekly returns which
The
and also audited returns of gross and net.
weekly returns have been altogether dropped since have been furnished in the past should now be with<the date mentioned and so have the audited state- held. What does the suppression of these weekly
ments of gross and net. The only information con- returns Involve ? It means that nothing can be known
cerning this company now given out is a monthly esti- concerning earnings, say for the early part of July,
until the end of August or in some oases the beginmate of gross, issued with considerable promptness
ning
or middle of September.
Yet we think It
close
the
month.
days
after
the
of
It
say nine or ten
will not
be disputed that both those holding
Is to be noted, too, that the Chicago Barlington &
Qaincy, which prior to its absorption by the Northern pecuniary interest in these properties and the
furnished public at large are entitled to know these rePacific and Great Northern companies
and as promptly as the
regular monthly statements of gross and net earnings, sults just as early
The public interest in the
at present issues no monthly statements whatever, officials themselves.
and the only knowledge concerning Its affairs which weekly revenue returns is neither inconsequential
comes to hand is that contained in the company's an- nor ephemeral.
Eailroad returns of earnings furnish one of the
nual report, or such as is allowed to leak out
from time to time in the remarks of one official or indications of the course of trade and business. They
belong in the same category as the weekly reports of
another.
The New York Ontario & Western for a good many bank clearings and the records of mercantile failures.
years was also wont to supply weekly returns. A strike What would be thought of the manager of a clearing
In September 1900 furnished occasion for omitting house who contended that the figures of bank exthese weekly returns and the company has never since changes were for the use only of the members of his
resumed their publication, though continuing to send own particular clearing house? At a time like the
out the monthly audited returns of gross and net, present, data concerning current earnings are o|
which usually are received about the close of the fol- special Importance. On the one hand, values of raillowing month. The Lake Erie & Western, before it road properties on the Stock Exchange have underbecame a Vanderbilt property, also used to supply gone serious shrinkage with apparently no adequate
weekly returns of gross. The Chicago & Eastern cause for the depression, and on the other hand there
Illinois had the same good habit until it was taken are evidences of larger or smaller declines in comover by the St. Louis & San Francisco. Even the modity prices. Much depends upon the extent to
Atchison Topeka & Santa Fe at one time (and for a which these Influences shall affect the activity and
good many years, too,) sent out weekly statements, prosperity of trade, which up to this time have been
substantially uninterrupted.
though its lapse occurred a considerable while ago
To know the part these
influences are having upon affairs, the weekly returns
that is in January 1896.
The tendency here outlined to restrict information of earnings are absolutely essential; they afford for
concerning current revenues is to be distinctly de- obvious reasons a better guide to trade affairs than
plored. The practice of furnishing data concerning either bank exchanges or compilations of mercantile
current revenues varies greatly among the different failures.
roads, depending mainly upon the interests in control.
To the security holders the Information of coarse
Properties in which the Morgan influence dominates belongs as a matter of right.
They should not be
always supply fall and complete data weekly returns, obliged to wait till the end of August or the begianing
early monthly estimates, and also audited returns of of September for knowledge as to what the property
gross and net.
Whatever the officials or directors may have been doing at the beginning of July. Thei
get, the public is also allowed to see.
The Gould argument applies with all the more force in the case
properties likewise have an excellent record in this of consolidated and amalgamated properties like the
respect; weekly figures of gross are now and have for St. Louis & San Francisco, where past earnings furnish
years been furnished concerning them all, while the absolutely no guide to the future, the properties
more important companies, like Missouri Pacific, having been so greatly changed In all respects. As It
Wabash, etc., also furnish monthly exhibits of net; in happens too, in the St. Louis & San Francisco case all
the case of some of the minor roads, however, namely the various constituent companies now forming part
the International Great Northern and Texas & Pa- of the parent system the Kansas City Fort Scott &
cific, this latter feature does not obtain
that is, no Memphis, the Kansas City Memphis & Birmingham
monthly net is given out. Mr. James J. Hill has and the Chicago & Eastern Illinois had always furalways made it a practice to furnish early estimates of nished weekly statements, making the present de..
monthly gross, but does not supply any returns of net. parture all the more disappointing.
The Vanderbilt roads have no uniform policy, each
We are of course familiar with the arguments usamanagement evidently being allowed to pursue its ally advanced to justify withholding such informaown course.
The New York Central furnishes tion. These arguments are precisely the same tonnonthly gross and quarterly net. Properties in this day as those
urged
unsuccessfully
twenty-five
are
now mlsstog from oar compllatlong
lor the almple
—
—
—
—
THE CHRONICLE.
172
or more yeard ago. It Is cooteodud (i) that the
weekly Scares and also the early ni>nthly estimates are simply approximations sabject to correc-
—
[VOE..
JLXXVII.
ticularly In the more densely populated States East of
the Mississippi and North of the Ohio and Potomac
when the actaal results are known (2) that
many other companies are withholding weekly returns,
In the sections referred to, interurban lines of
considerable length have been built, and many of these
lines intend to compete directly with existing steam
which
roads.
tion
;
it
claimed
1b
are
intended merely for the
information of officials and directors, and (3) that the
weekly returns are often used by operators on the
rivers.
The Census
bulletin referred to coatains in-
and statistics bearing upon the ea tent
to which street and electric railways have been provided in the aggregate, and the enormous Investments
teresting ftict3
Stock Efcharge for speculalive ends. With refer
«nce to the first point, namely that weekly returns now existing in the same.
«re merely estimates varying more or less from the
The Census claims to have obtained substantially
actual rtsults, making them sometimes misleading, complete returns, from which It appears that the
length of single-track street and electric railways in
it is to be said that the fact that they are estimates is
so much so that the practice everywhere the United States on June 30 1902 was 22,577 mil«8.
well kaown
—
is
to
use thtse estimates only until. the audited
turns come
to
nand
;
as
eoon
re-
as these latter are
More
available the est'mites are at once discarded.
over our experience, covering a period o! nearly forty
years, has been that the estimates do not vary enough
from the truth
to imp»ir their usefulness.
They
at all events the best that can be obtained,
are
and
if
they are good enough for the use of the officials in
making calculations and observations needful in the
they not
business, are
conduct of the road's
good
enough
for
the
and the security
public
holders?
The second argument, namely
that
many
other
from making public
their
kewise refrain
returns, also falls to the ground, for the fact that
•one concern is derelict, furnishes no excuse for delinquency on the part of another company. As to the
companies
1
claim that the figures are likely to be used for
speculative purposes, exaggerated importance being
given to either gains or losses, that objection seems
hardly more tenable than the others. It is not
final
This,
it will
not be denied,
la
a large total.
At the
Census of 1890 the aggregate of street railway single
track was given as only 8,123 miles. It is admitted
that the 1890 figures were not entirely complete, a
number of street railway companies in existence at
that date having then failed to make reports to the
Census office. In a general way, however, the increase from eight thousand to twenty-two thousand
miles may be taken to indicate the growth that haa
taken place. Moreover, when the statistics are examined for particulars with reference to the motive
power employed at each period, it is seen at a glance
what a great transformation haa taken place through
the
introduction of
the
trolley
and the use of
electricity.
At the time of the 1890 Censvis the employment of
motive power for running street railways was still in the experimental stages. Oat of the
electricity as a
8,123 miles of track reported to the Census at that
date, only 1,262 were operated by electric traction,
while 6,661 miles were operated by animal power, 488
rumors which cannot be dis- by cable and 711 miles by steam. For 1902, with 21^,proved or affirmed, but which have sufficient of the 577 miles of track, no less than 21,908 are given as
air of probability in them to excite the feirs or the operated by electric power and only 259 miles by ani*
cupidity of Sock Exchange operators. If a road's mal power, 241 by cable and 169 miles by ateam. The
earnings are diminishing the circumstance Is sure to reduction in the twelve years from 5,661 milea to 259
leak out in some way and the rumor of the possible miles in the length of street railways run by aniindicates
in a graphic way how great
fact is certain to do more damage than the fact itself. mal power
change
has
been
the
in this particular and how
And the same thing is true where earnings are expanding speculators are more apt to gamble on completely electric traction has displaced horses. Anrumors btised on such increases than on reports open other striking fact is that of the whole 21,908 milea
to all and clearly establtshiog the fact of the increase. of track operated by electric power, 21,302 miles la of
Thus in whatever way looked at no jostlfication can the overhead trolley type. The trolley haa been the
be found for discontinuing these current revenue principal factor in the development of street railway
traffic within the citiea, and it haa also been the
returns.
Inducement prompting the extension of
chief
street railways into the suburbs and the building of
MAGNITUDE OF ELECTRIC RAILWAY interurban roads connecting gronpa of citiea and
facts that do
harm;
it is
—
UfDUSTRY,
The
great development that
towns.
has occurred within
electric railways
recent years in the construction of
in this country is forcibly illustrated in a Census
bulletin just issued devoted to "Sreet and Electric
When we come
and
more Imposing demthe magnitude of the street
to the statistics portraying stock
debt, earnings and traffic, a
onstration
is
afforded of
still
system of the country. The agRailways In the United States." Some advance gregate of capital stock actually issued is given as over
figures from this bulletin were given out a few weeks 1^ thousand million dollars ($1,315,572,960), and the
ago, but the bulletin itself, containing lull details, amount of the outstaLdlng funded debt is leportedaa
but little less than a thousand million dollars $992,has only jast become available.
No feature of our indastrlal advancement has been 709,139. This makes a total of over twenty-three hunThe
so stiikli g or so noteworthy as that with regbrd to dred million dollars together (12,30 (,282,099).
these electric railways. It is to be remembered thai contrast with the $478,235,957 of stock and debt rethe terms "electric railway" and "street railway" ported at the 1890 Census, even after allowance for
Nearly all street railways the fact that the 1890 totals were somewhat below
are no longer synonomons.
Adding some
are now operated by electricity, but a new element the actual results. Is very striking.
has come into being in the fact that large numbers of other items, such as bills and accounts payable,
electric interurban roads have also been built, par- etc., the total in the balance sheet for 1902 actn-
and
electric railway
—
JUW
—
THE CHRONICLE.
26, 1903.]
ally exGbeds twuntj-five
hundred million
doliarc
173
cUies has proved very costly.
The qaestlou Is as
to whether the increase in the averages is not
$2,.
633,847,268.
The street and electric railwajs In the fiscal year larger than it should be after making allowance for
ending Jane 301902 carried no lesg than 6,871,967, all this.
The Census officials made attempts to procure
830 passengers. Of this number 4,809,664,438 wert
fare pasEeogers and 1,062,403,392 were tracsfer pas- returns as to the actual cost of the roads, with a view
to seeing whether capitalization as represented by
sengers.
It will give a better idea of the servici
represented by these fignres if we say that the number stocks and bonds was in excess of such cost. As
daring the same period oi might be expected, these efforts entirely failed of
of- passengers carried
all
the steam railroads in tht snocess. A number of companies stated It was impostwelve months upon
sible to give an itemized statement sach as the Census
United States was only 649,878,605.
A fact of considerable importance with reference to blank called for. A number of other companies
both the present and the fatare of these electric rail- reported the cost of construction as equalized with
roads is as to whether capitalization la or is not the amount of capital stock, funded debt, bills and
accounts payable, etc. Then the larger consolidated
excessive, and whether revennes are going to be snffi
dent to sustain the capitalization. On this point companies gave as their cost of construction and
there is little that can be said of a defiaite or reliablc- equipment the amount paid by them in cash or
natare.
We have stated that the aggregate miles of securities for the roads purchased. Thus the effort
single traclc Jane 30 1903 was 22,677 miles; the came to nothing.
The greater portion of the 22,677 miles of track is
length of line meaning thereby the length cf road
found
in the North Atlantic States and In the North
bed or length of street occupied is 16,651 miles.
The $1,316,672,960 stock would on this basif Central division, in both of which sections population
average 179,009 per mile, and even the $992,709,- is dense, affording aESurance of a large volume of
139 funded debt wonld average $69,619 per mile traffic and of continued growth In the same. The
—
—
making $138,628 per mile together. The capitalization (stock and bonds combined) for the steam railroads of the United States at the same date averaged
only $62,301 per mile of line. Even on the basis o1
length of track (22,677 miles) which is the usual unit
of mea£urement with street railways, the average of
stock would be $58,270 per mile and the average cf
bonds $43,966 per mile. Such figures give plausibility
North Atlantic States contain 10,175 miles of the
22,677 miles for the whole country, and the North
Central States contain 7,817 miles, making 17,992 for
these two sections combined.
The gross earnings for the twelve months ending
June 30 of the 22,677 miles of road are given as al-
most a quarter of a thousand million dollars ($247,553,999), and it is pointed out that some of the newer
to the contention that the capitalization of electric roads were in operation only a part of the year.
The
railwajs is heavier than it should be.
Bat generali- net earnings were $105,241,402, and here we come to
zations of this kind are really of little valae.
So far one of the favorable features arising from the operaas the roads lying within the cities and towns are con
tion of the roads by electricity.
In other words, the
cerned the larger capitalization may be considered a» percentage of operating expenses to earning? for 1902
in great part, if not entirely, offset by the larger was only 67i per cent, as against 63 -4 per cent, the
volume of traffic. We have seen that on the 22,577 percentage in the caae of the returns made to the
miles of street and electric railways, 4,809,554,43-' Census authorities in 1890.
Income from other
paying passengers were carried in the twelve month? sources swelled the total of net income for the twelve
ending jane 30 1902 (and eome of the newer roade months to $108,192,030. Taxes, interest and rentals
were operated for only a part of the year), whereas the consumed $77,695,063 of this sum, leaving $30,596,total
number
of passengers
on two hundred thousand
miles of steam roads in the same period of twelve
months was only 649,878,605, though of course the
steam railroads (outside the
much more
largely
upon
New Eagland
States) rely
their freight traffic than
upon
their passenger traffic.
may prove
it
appears, paid dividends
on only $350,945,016 of stock, but part of the amounts
paid as rentals by these operating companies went to
meet dividends on the stock of leased lines. Neverhe ess, there was $624,942,500 of common stock and
$42,936,124 of preferred stock on which no dividends
were paid. This would appear to give further support
r
In the case of the electric Interurban roads, which
have been built in many instances for the purpose of
competing with steam roads, the larger average oi
capitalization
977 applicable to dividends.
The operating companies,
of
to the idea that capitalization is excessive.
some consequence, ev n that can be said with
The most
positlveness, however,
is
that
though these electric railways, like the steam roads, such statistics suggest caution on the part of the inare, in numerous instances, undertaking to build up vestor.
With so much of the electric railway mileage
a freight traffic as well as a passenger traffic.
Ab new, particalarly the interurban portion, it would be
already said, however, no general conclusions are pos
natural that a large portion of the stock should not
Bible; each specific case will have to be dealt with by as yet have reached the dividend-paying point.
Such
itself.
That the electric railways of to-day are capi- roads have not been in operation long enough to show
tal'zed very much higher than the street railways of their earning capacity. Then, also, not sufficient time
twelve years ago is perfectly evident from the fact oas yet elapsed to jastify conclusions as to how far
that the average of stock and debt for 1902 on the long-distance electric lines can compete saccessfully
22,677 miles of track at $102,236 per mile compares with steam roads. Nor can definite statements be
with only $58,874 per mile, the average of stock and made on the point of the actual economy with which
debt reported for the 8,123 miles of track represented
at the
Census of 1890. A considerable increase was
owing to the expense involved in converting
Inevitable
it
In
may be
possible to operate
electric
the cities or elsewhere.
gain
knowledge
on
the old horse-car lines into electric roads, and also to coarse the experience
the fact that electric construction in some of the costly.
all
may
lb
these
in
will
railways, either
take time to
poiats,
and
of
some instances prove
.
THE CHRONICLE.
174
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S Lane Bank
—The public sales of bank stocks
this week aggregate 478
which 350 shares were sold at auction and 22S at
the Stock Exchange. The transactions in trnst company
shares, of
stocks, all auction sales, reach a total of 48 shares.
of either
the "curb" market.
Baitks— JTeto Fork.
Sharet.
10
*228
20
10
15
195
City Bank, National
CommerM, National
Federal
Price.
Bank
of..
Bank
First National
Bank
268
335-340
100
625
259
95
Mercantile National Bank
United National Bank
Tbubt Compahiks—iTew York.
710
25 Equitable Truss Co
245
5 Merchants' Trust Co
1550
18 United States Trust Co
*
No
sales
bank or trnst company shares have been made in
Last previous sale.
July 1903- 26S
July 1903— 350
Jtay 1903- 100
June 1903— 676
July 1903-
875)4
Oct 1902- 133
July 1903— 720
July 1903— 235
July 1903- 1696
Sold at the Stock Exohange.
of
column
[Vol.
New York
(to
LXXVII.
which reference was made
in
week) are: Messrs. G. H. Hendricks, 8.
Raives, L. W. Sweet, W. S. GInel and Julius Bernstein. Mr.
Hendricks, who is at 27 Pine Street, this city, has since withdrawn from the project, and we understand that some of the
others mentioned above also contemplate similar action.
Thus it would appear doubtful if the project is to be carried
through. The new institution was incorporated with $200,this
last
The intention of its organizers, we believe, was
to locate near Maiden Lane for the accommodation of jewelry
dealers whose small balances might not be acceptable to the
000 capital.
large banks in the vicinity.
—The stockholders of the Stuyvesant Heights Bank of
Brooklyn authorized on the 17th lust, the proposed increase
from $100,000 to $200,000. By the issuance of
the 2,000 shares (par $50) at $85 eaoh, $70,000 will be added
to the surplus.
in the capital
—The severe and long-continued depression on the Stock
Exchange led to the failure yesterday afternoon of W. L.
Circulars regarding the proposed consolidation of the
Stow & Co. and of Talbot J. Taylor & Co. The first-men- National Newark Banking Company and the Essex County Nationed house was prominently identified with the Mexican tional Bank of Newark have this week been forwarded to the
Central Railway, and the failure is ascribed to the firm's in- stockholders of the respective banks. The consolidated inability to realize on its large holdings of the securities of stitution is to have a capital of $2,000,000, with surplus assets
that company. The members of the firm of Talbot J. Taylor worth substantially $3,000,000. Each holder of stock In the
& Co. are Talbot J. Taylor, James B. Taylor and Foxhall P. present banks will be entitled to receive in exchange therefor
Keene, and the failure of that concern is chiefly significant stock in the enlarged bank of the same par value. The propoby reason of the fact that it was known as Mr. James B. sition to consolidate has been approved by the Comptroller at
Keene's brokers and that Foxhall P. Keene is Mr. Keene's Washington, and only awaits the ratification of the stockson and Talbot J. Taylor his son-in-law. The firm was holders of the two institutions concerned, each of which has
supposed to be burdened for itself and customers with large a capital of $1,000,000.
holdings of Southern Pacific and other stocks which have
—Besides the regular semi-annual dividend of 8 per cent,
suffered heavy declines in the market.
the Fidelity Trust Company of Newark declared on the 18th
—It was reported yesterday that a seat on the New York Inst, an extra dividend of 7 per cent, making the total distriStock Exchange had been sold for $60,000. The purchaser bution for the first six months of 1903 15 per cent.
was said to be Mr. John P. Qrier and the seller the firm of
—The officers of the Citizens' Trust & Deposit Company of
Bartlett, Frazier & Co.
We are advised that this was (Jtica are praotioally the same as those who had charge of
simply a transfer of membership from one member of the the affairs of A. D. Mather & Co.'s Bank, to whose business
firm to another, and that there is no foundation for the re- the trust company will succeed. Mr. Jacob Ague Jr. is
port that 160,000 was the consideration. The last actual sale President; Elon G. Brown and William I. Taber, Vicewas at $67,0CO.
Mr. Warner M.
Presidents, and E. Bushinger, Secretary.
—The Market & Fulton National Bank of this city has is- Van Norden, President of the Van Norden Trust Company
sued the additional $100,000 capital voted by the stockholders and the Nineteenth Ward Bank, both of New York, is a
on February 17, making the total capital now $1,000,000. director in the Utica institution, The company has a capiThe new shares have been listed on the Stock Exchange.
tal of $200,000 and a surplus of $100,000.
—
—The Mechanics' &
—Messrs. Hambleton & Co. of Baltimore
Traders' Bank of this city will locate
another branch at 46th Street and Broadway, to be known as
the "Long Acre Square Branch." It will be opened about
have moved into
South
Calvert
Street. The
attractive new quarters at 10
building is one story high and is to be used exclusively by
15 under Mr. Richard A. Purdy's management. The
Mechanics' & Traders' Bank also has a branch on the corner
of Madison Avenue and 59th Street, in charge of the VicePresident, Mr. Louis H. Holloway.
the firm.
August
—The National Discount Company, Limited, London, EngJune gives deposits and loans,
including over ten million dollars bills re- discounted, at
over fifty-seven million dollars. The capital and reserve aggregate over six and a- half millions; bills discounted forty-four
land, balance sheet on 80th
and a-half millions. The
—Mr. J. Bernard Scott has resigned as Secretary and
Treasurer of the Maryland Trust Company of Baltimore, in
order to engage in business on his own account. Former
Assistant Secretary and Treasurer Mr. Carroll Van Ness, has
been appointed to succeed Mr. Scott, while Mr. Louis S.
Zimmerman takes the position just vacated by Mr. Van Ness.
Mr. Allan McLane has been elected to the newly-created
office of
Third Vice-President.
account gives gross profits for the half year at
nearly half a million dollars. The dividend for the term
continues at the rate of ten per cent per annum on the paid-
—The firm of Sperry & Company of Baltimore, Md., has
been organized as successor to Sperry, Jones & Co., the latter
company having been dissolved. Mr. R. B. Sperry, senior
partner of the late firm, will have the active management of
up
the
nullions; call loans over nine
and
profit
loss
capital of over four million dollars.
—The Windsor Trust Company, at
Fifth Avenue and Fortyseventh Street, which only commenced business on December
29 1903 reports for June 30 deposits of $5,875,249. The company's total assets on June 30 1903 were $8,920,736, comparing with $2,787,488 on Dec. 81 1903. The management con-
Charles H. Van Brunt, President; Robert H. McCurdy, James A, burden Jr., and John Alvin Young, VicePresidents; H. Ward Ford, Treasurer, and A. Gordon Norrie,
sists of
Secretary.
—The Trust Company
of the Republic of this city is to
its name to the Commonwealth Trust Company instead of the "Waldorf-Astoria Trust," as originally contemThe State Banking Department has already given
plated.
permission to make the change. The company will shortly
move its main offices, now at 346 Broadway, to new quarters
The branch in the Waldorf-Astoria Hotel
at 29 Pine Street.
will be continued.
change
—The
list
of incorporators
named
in the application to
he Comptroller to organize the proposed National Maiden
new firm.
—Mr. Thomas N.
Hart, President, and Mr. Benjamin F.
Dyer, Vice-President, of the Mt. Vernon National Bank of
Boston, Mass., have resigned their respective positions, but
Mr. John H. Allen has
will remain as directors of the bank.
new head of the bank and Mr. J. Adams
Brown Vice-President; Mr. James A. Davis is a new director.
As will be recalled, a controlling interest in the bank was
been elected as the
secured several weeks ago by Messrs. Otis, Wilson
Chicago.
& Co. of
—Mr. Robert H. Gardiner has been elected a member
the board of directors of the Adams Trnst Company
of
of
Boston.
—Messrs. Charles E. Ingersoll and B. F. Clyde have been
elected directors of the Girard Trust Company of Philadelphia. One of the new members replaces Mr. Pemberton 8.
Hutchinson, who died June 26. The other is an additional
member.
—On September
&
Glass
15 the stockholders of the Iron
formally
apDollar Savings Bank of Pittsburgh will meet to
July
THE CHKONIOLB.
25, 1903.]
prove the increase in capital from $100,000 to $200,000, made
on July 1. Power to make the increase is conferred by the
bank's charter, bat to remove all doubt as to the leecality of
the proceeding a special meeting has been called for the date
175
tion of Cashier has been vacant since the promotion ot° George
M. Reynolds to the Vice-Presidency over a year ago. No
Secretary of the Bank has been selected since Mr. W. W.
Hill retired from the position to assume the management of
Redmond, Kerr & Co.'s Chicago office.
—The new American National Bank of St. Paul, Minn.,
—The Clearing House of the Pittsburgh Stock Exchange has
the
Clearinga
report
by
pending
House
which
began business recently, is under the management of
operations
suepended
reorganize
the
system
to
along
proposition
Mr. Joseph Lockey, President, Thomas Irvine, Vice-PresiCommittee on a
convenience
to
brokers.
dent and H, B. Humason, Assistant Cashier.
lines that will result in greater
for
the
absorption
of
made
been
the
have
—The Lincoln Savings Bank, with a capital of $100,000, is
—Arrangements
named
to ratify the action.
Standard Security Trust Company of Pittsburgh by the
Guarantee Title & Trust Company of Pittsburgh. The
shareholders of the first-named company have been notified
to deposit their stock by to-day (the 25th inst) at the Iron
City National Bank in exchange for Guarantee stock. The
terms of exchange are 100 shares of Standard Security stock
The Guarantee Title &
Trust recently increased its capital to $1,000,000. The capital
of the Standard Security Trust is $250,000. The local papers
had reported some two weeks ago that the Standard Security
was to be taken over by the Real Estate Trust Company of
Pittsburgh. The announcements were later stated to have
for 80 shares of
Guarantee stock.
been premature, the negotiations to that end having
—At
organized in Cleveland. A commercial and savings
business will be conducted by the bank.
now being
—A debate on the aesets currency question will be a feature
coming convention of the Wisconsin Bankers' AssociaThe debate will be between Congressman Charles N.
Fowler and Mr. A. J. Frame, President of the Waukesha
National Bank of Waukesha, Wis., the latter taking the
negative side. The meeting will be held on August 5 and 6,
of the
tion.
—
at the Hotel Pfister, Milwaukee.
—Amended
have been filed by the
Fidelity Trust & Safety VaultjCompany of Louisville, where*
by its name is^changed to the Fidelity Trust Company.
failed.
—The
on August 5 the stockhas
holders of the American Trust Company of Pittsburgh and
special meetings to be held
the Colonial Trust Company of Pittsburgh will take action
on the question of the proposed consolidation of the two
companies. The union will be consummated under the name
of the Colonial Trust Company and the capital of the latter
will be increased from $2,000,000 to $4,000,000. Each share
of present Colonial, it is announced, will get one share of new
Colonial, and each share of American will get twentytwenty-thirds of a share of the new Colonial stock.
—The Mt. Washington Savings & Trust Company of Pittsburgh, with a capital of $150,000, commenced business on
Monday at Shiloh Street and Grandview Avenue. Interests
identified with the Federal National Bank of Pittsburgh, it
Origiis stated, dominate the affairs of the new Institution.
nally the report had been that it was to become a branoh of
the Colonial Trust Co. of Pittsburgh.
—The German National Bank
articles^of incorporation
is
Chattanooga Trust Company of Chattanooga, Tenn.,
incorporation in Delaware. The capital
filed articles of
$250,000.
—The Loan & Exchange Bank of South Carolina, at Columbegan business on Monday under its new title of the
National Loan & Exchange Bank of Columbia, particulars
regarding which we have before published.
bia,
—Mr. Thomas P. Denham has been chosen Cashier of the
Atlantic National Bank;of Jack8onville,iFla., lately organized
with a capital of $350,000. As previously announced, Mr. E*
W. Lane is President.
—The
People's Savings
now
Bank
&
Trust
Company
of
Mem-
The stockholders
voted to increase the amount from $30,000 on March 13 by
the issue of 400 shares of the par value of $50. The new
shares were sold at^l65, the $13,000 premium being added to
surplus. The entire amount was paid, on April 1st.
phis, Tenn.,
has a*capital of $50,000.
—A
movement is on foot to establish another trust comwhose paidhave a cap- pany in St. Louis. This latest organization, if carried out,
will be known as the Guarantee Trust Company. The auital of $500,000.
capital is $400,000. The company is also to have a
thorized
—Mr. Louis Rott, desiring to remain as President of the
surplus
of
$200,000. In addition to a general trust company
First National Bank of Homestead, Pa., has resigned as
President of the new Homestead Savings & Trust Company, business, a specialty will be made of supplying fidelity and
indemnity bonds. Mr. W. J. Atkinson seems to be the movto which he was recently elected.
in capital
is
—By vote
$250,000, expects
of Pittsburgh,
by September
1
to
of the stockholders, the Monessen Savings
&
ing spirit in the enterprise.
Trust Company of Monessen, Pa., has increased its capital
—Denver, Colo., is shortly to have another national bank,
from $125,000 to $150,000. The new issue was used to acquire to be styled the Second National. Offices have been leased
a controlling interest in the First National Bank of Monessen. in the Majestic Building at ^Broadway and 16th Street,
Mr. George E. Hardy has tendered his resignation as where the new institution will start about September 1.
—
Vice-President of the Michigan Trust Company of Grand
Bapids, having accepted a position with Messrs, Hodenpyl,
Warbridge
Co. of New York. Mr. Anton G. Hodenpyl, a
member of this firm and also of the firm of Messrs. King,
Hodenpyl & Co. (occupying adjoining offices), had also been
associated with the Michigan Trust, having several years
ago held the position which Mr. Hardy now relinquishes.
&
—The banking house of
Street, New York, and the
&
Russell
Co., 68 William
Rookery, Chicago, with branches
in Wilkes Barre, Scranton and Carbondale, Pa., is just establishing new offices at Binghamton, N. Y., and Dayton, O.
C. Frederick Hesa, until recently Assistant Cashier of the
First National Bank of Binghamton, is appointed Manager of
the Binghamton branch office, and C. L. Hardman, Cashier
of the Fourth National Bank of Dayton, will be Manager in
that city. Russell & Co. have also in contemplation the
J. B.
opening of branch offices in three or four other prominent
cities, which will soon be announced.
Mr. A. G. Wheeler Jr,
of the Chicago firm of Wheeler & Gearhart (lately dissolved),
has been admitted into the partnership of J. B. Russell & Co.
and has charge of their Chicago office. This banking house
is the fiscal agent of the Illinois Telephone & Telegraph Co.
and the Automatic Electric Co., both of which enterprises it
has financed.
—John McCarthy has been
appointed an Assistant Cashier
of the Continental National Bank of Chicago. This makes
five assistant cashiers employed by this bank, but the posi-
—Mr. H. W. Hellman, who
resigned several months ago
as Vice-President of the Farmers' and Merchants' National
Bank of Los Angeles, has accepted the Presidency of „the
Merchants' National Bank of that city.
—At the special meeting
of the
Bank
on the 15th inst. the stockholders
San Francisco, voted to increase
of California, at
Stockholders of
the capital from $2,000,000 to 3,000,000.
record August 1 will be permitted to subscribe to one-half
the number of shares held by them, the stock being disposed
of at a premium of $200 per share, or $300 each. The privilege to subscribe expires September 15.
City & County Bank of San Francisco on the Ist
inst. called the remainder still due of its total authorized
capital of $250,000. The bank started about a year ago, at
which time half the $250,000 was paid in.
—The
—The Mission Bank of San Francisco, Cal., opened for
business on the 15th inst at 16th Street and Julian Avenue,
The bank has an authorized capital of $200,000, with a paidin amount of $100,000, a ma joritylof which is owned by the
The building occupied by the Mission
is one story and basement, and was erected for the
bank's sole uses. The institution is officered by Mr. James
Bank
Bank
of California.
Rolph Jr., President; Frank B. Anderson, Vice-President
Stuart F. Smith, Cashier, and James M. Allen, Secretary.
—The
&
stockholders of the California Title Insurance
Trust Company of San Francisco will take action at a special
—
2
THE CHRONICLE.
176
meetiog on Angnst 17 on the proposition to increase the
capital frcm $250,000 to |1. 000,000. The shares are of a par
of |100 each, so that 7,600 shares will be issued for the
purpose.
—
The semi annual statement of the Union Discount Co. of
London has come to hand and may be found op another
page of this issue. The gross profits for the first six months
were 1873,758, which, with balance brought forward
from the previous statement, makes the total to credit of
After deductions of |90,profit and loss account |1, 079, 608.
757 for expenses, $559,787 for rebate of interest on bills disoounted not yet due, and |3J6,350 for dividend at the rate of
eleven per cent per annum, there is a balance of $333,718
of 1908
new
carried forward to
account.
IMPORTS AND EXPORTS FOR
The Bureau
Washington has Issued
of Statistics at
the statement of
J ONE.
the country's foreign trade for
it
and from previous statements
Jane, and from
we have prepared the following
sum-
interesting
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
BX0E8S OF M BB0HAMDI8B IKPOBTS OB BXFOBT8.
30—
6 months ending June 30 —
Importef 19,562.728 1876
Import8.$a 1,795,212
Exports. 79.643,481
Exports. IM. 152,094
Exports, 257,814,234
Export8.2t54,661,666
Exports.l 67.683,91
Exports. 2^9,712,718
Exports. ^5,902, 683
Export8,lC0,6=i8.488
Exports, 72,815,916
Exports. 164,662,426
Exports. 44.038,694
Exports. 23,863,413
Imports. 28,002, «i07
Imports. 2,730,277
Exports. 08,618,276
Exports. S9,.^64,614
Exports, 202,675,686
IcuportB. 12,605,798
Exports.244.132,692
Exports. 75,668,200
Export8.102,8i82,264
ExportB.286,263,144
Exports.61 8,432,676
Exports. 529, 874,813
Export8.544 541,898
Exports.t^64.692,h26
Exports. 4'8, 398,453
Export8.394.372,163
FORBIOH TKAJ}B ICOVaifBHT OV THB UHITBD BTA.TBB.
thr*« otphari (OOOi) «r« In
1902-03.
,
MxtorU.
JBtXMM.
t
%
t
304.eft5
Jal7-8«pL..
>
Import*.
n«reh>dl«e.
%\\
Import*.
+39.1S7
+ 130.3M
'J64,0a7
+H7.646
sr.eeo
79.035
81.993
+93.138
+511 .«»
344.460
419.057
337.404
109.170
Maottu.
I
I
I
ai 3.087 +111.489
+i:«.183
89.240
1.419.091 1.033.619+394,872
1.381.719
903.821 +478,308
Jan.-MArob.
Aprti
io».(-87
lUr
100.0SO
93,070
Jane..
10 -^.'^SS
and G«ld In Or*.
14.488
13,608
8.390
1,349
1.463
4.708
-1.000
-14.261
—5,768
+867
+13.08*
+7,740
47,081
46.033
10,7)10
Jolr-Sept...
Oot.-Deo....
3.190
33.108
15.078
19,478
19,803
—1 6.288
3,844
1,908
80<
+5,740
+9.334
+970
+471
—3,604
+109
48.609
53.021
-3.452
+6.609
+5,808
+6.082
+062
+536
-409
13.068
14.161
11,768
3.741
3.785
3.250
7.360
8,065
6,480
3,051
1.947
1,803
+5.007
1.061
6.488
7.700
4.060
1.068
1.613
3.060
44.816
34.163
+30.088
49.738
38.282
Jan.-Maroh.
April
Mjv
JnM
ToUU.
ll.TSO
19,280
5,780
1,866
1,497
4,086
S.035
3.681
1.700
Silver and Silver In Ore.
13.068
13.693
11.181
3.080
3.148
Jnlr-Sept...
Oct.- Deo
J*n.-M«rob.
April
Mat..
Jane
ToUl
^xcetiot
We
+5.49fl
+5.338
+1
690
+1,838
+1,447
+31.500
— Bzoeis of Imports.
exporta.
subjoin the totals for merchandise, gold and
months
silver for the twelve
Mo*. Bavort*. Import*.
since July 1 for six years.
OOLD.
MlBCfHANDISB.
Bxc«*t
of
Ex-
Export* port*.
%~
Import*.
%~
SrLTBB.
Bxcui
of
Ex-
Import* port*.
Import*.
c
Bxee*t
of
Ex-
port*.
t
I
irg «4.8<5 34.168 30.082
•3,4E2
3S232 31.tOO
36 3-V i7.fcfrO
3.60' 56 718 35 260 31.4&S
•9-<i0 l.3M.4^ 849.911 .^446i2l4826 44.578
98-9W| 1,227.0X3 697. 14S 34987»37.6Sa S8.95B •31.48.' 56.»1U 3U.e7f 33 044
106 30.028 i4177
97-»Hl.2SI.4«8 6IH.060 6 1 54'^ 13,400 120.891
%
%
$
03H)3 1,419.901 l,096,fllS 394372 47.091 46,982
01-03 l.S'il.TlO <I03!«1 4 7>89s 48,60U 53.0 il
00-01 |I 487.706 S33.ire 0U4C93;33l'*5 66 061
*
BxoeM of Imports.
Similar totals for the six months since January
make
the following exhibit.
MlBOHAVDiai.
Mxc**t
aou>.
8II.VIB.
ax«***
11, 1908.
the reception given President Loubet by
the street crowds on his visit to the Lord Mayor on Tuesday
-1901-03.
.
Mx90rt*.
449.806
'J 67. 107
London, Saturday, July
No one who saw
eaaes omitted.]
333.048 +183.116
331.716 -H03.748
73.822 +33.848
73.689 +36.633
73.115 +16,126
417.9S1
30i,A78
Oflt.-Dec....
e*ldl
Experts. 50,063,788
Exports. 37,896,418
Exports.155,864.535
Exports.l 15,036,611
Exports. 31,163.494
Exports. 97.999,966
Imports. 39,437,030
Exports. 46.083,019
Exports. 10,756,885
Exports 66,313,693
Imports.
978,738
Imports. 27,090,127
Imports. 61675,300
....Imports. 80,655,266
Imports. 18,721,363
Imports. 18,261,671
Exports. 47,42\412
Imiwrts. 68.800,021
Exports. €8.4«6.072
Importd. 4,73'>,035
Exports. 74,966,440
Exports, 86.961,882
Exports 295,280,769
Exports.204.573,764
Exports 272,615,091
Exports a*- 8. 411,518
Exports 181 854,021
Exports 184.861.121
IFrom our own oorreBponaent.]
ma f oUowlnii tablai
Mot*l..
i
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
ipt0ttjetaryl®0mmerjclatSw0tislt^jewr«
maries.
CiD
LXXVn.
12 months ending June
J87(S
alue
[Vol.
can doubt the satisfaction with which the ordinary pubhave greeted the improved relations between this oonntry
and France. As in so many happy instances since his accession, the King in his visit to President Loubet last spring
voiced, if the expression may be nsed, the wishes of his people, and the return visit of President Loubet this week has
given equal satisfaction here in London. There are in reality
no serious points of difference between this country and
France. France is our nearest neighbor; we do an immense
trade with her, and the tourist traffic of the Eoglish people
to France, as well as the visits of the wealthy el isses, is a
larger business than to any other European country. It has
been happily said this week by the correspondent of one of
the leading Paris journals that no liviog ruler would have
been better received in London than was President Loubet,
unless it were President Roosevelt. Did the exigencies of
the American President's position permit of his visiting these
shores, he would be assured of such a reception as wonld
probably astonish even our warmest friends in America, who
think with reason that they know England and English
sentiment well.
The Bink of England directors again fixed their official
rate of discount on Thursday at 3 per cent. The market made
a strong offort to keep itself quite free of the control of
Threadneedle Street, but with only partial success. Last
week, it will be remembered, rates here showed alarming
signs of slipping away, and as this market is largely dependent upon foreign supplies of gold, some anxiety was
felt less the bill brokers and discount houses in their desire
to do business would drive down rates so that gold would be
exported, and when the autumn demands are felt next
month or early in September there would have been more or
It seems now evident, however, that the supless of a scare.
ply of surplus loanable capital is very much smaller than it
was last week, and it is certain that npon one or two occasions borrowers in firetclass credit had to go to the Bank
and pay the full official figure for accommodation. The Bank
retnrn shows that no less a sum than 11^ millions sterling of
the money it required was repaid by Tuesday night, The
reserve indicates only a comparatively small decline, being
last
lic
within £ 100,000 of 25 millions sterling. Its proportion
Bank is well over 61 per cent, aa
9
t
•
t
t
t
t
1
t
against A8% per cent twelve months ago, when the reserve
1903. «97.60f 313644 18«80' 31.836 15.076 15 3r50 17 500 9980 7,520 was practically 2.h% per cent.
7 0W0 •i3.62« 13.221 10 807
1903 «:«« 196 416 34» I8l-»4 30.Z77 13.18
Upon the Stock Eschange business remains virtually as
1901 74l.«« 4;{3.4n .<8M12 iW 491 13,81(7 13.504 -i8.l84 13.185 13,209
i»oo ) 1 3 034 439.4 9 •i73'-n .-{0 4tl 16.086 13.sie .iu s:o 18 8*9 11,621 Inactive as ever, but with the exception of that of American
k899 393 019 3«»8«4^ torn 37.658 33.88e 4.H- Z7,120 14 437 li.nfc3 railroad Eecurities, which fluctuates from hour to hour, aclS»h. Bit 542 336 241 493281 6,886 H3,690 •»>6.371 34,69- 13.893 11.706
* xoeii of Import*.
cording to the cable mesaaies from Wall Street, the tone
In these tables of totals, gold aad silver In ore for throughout has been firm. The slight check which the downall the years are given under the heads respectively of ward tendency of rates in the money market has received
has been regarded by the shrewder operators rather favoragold and silver.
bly than otherwise. Money is cheap enough in all conscience,
The following shows the merabftndise balance for and no one desires to see a wild gamble which wonld end in
each year back to 1876.
onerous rates a few months hence, and of course embarrass-
Mm. a»porU.
Import*.
of
MX.
Bxportt poru.
'
Im.
port*.
of
Export*
Ex-
Im-
port*.
port*.
Bxc»*<
Ex
of
port*
still
to the liabilities of the
:
July
THE CHRONICLE.
25, 1903.J
ment. CJoneols hardened and moat of the^higher class of
Investment eecurltlea have been firm in sympathy. Home
the varying
rails flQctnated to some extent according to
rails,
American
as
has been
dividends.
forecasts of the
npon
advices
from
Wall
wholly
said, have been dependent
dominant
question
the
Street. In the Sooth African market
remains and mnst continue to rt main the difficulties regarding labor. The vast majority of what may be called the controllers of mines are in favor of importing Asiatic labor,
and so far as can be gathered, they are indifferent as to
The feeling
whether this labor be Chinese or Indian.
the
ordinary
and of
Office
here
Colonial
of the
oolonifit ont in Sonth Africa seems to be against this
coarse (which is a quite natural attitude to adopt) unOf course the
less it can be proved absolutely necessary.
of
the
Transvaal
prosperity
that
the
knows
well
colonist
mining
industry.
Gold
of
the
development
depends upon the
is
only
reasonmining is the great trade out there, though it
able to hope that eventually a great agricultural Industry
may spring up. If, therefore, it is proven to the satisfaction
of the ordinary colonist that Asiatic labor is essential, he will
of course give way; but until an understanding can be arrived at which will settle the labor difficulty, any arrange*
ment of that difficulty seems to be unlikely.
As has been the case so long, the India Council continues
drafts well. It offered for tender on Wednesday
and the applications exceeded 4,117 lacs at prices
ranging from Is. 3 81-32d. to Is. 4 l-32d. per rupee. Tenders
for bills at Is. 4d. and for telegraphic transfers at Is. 4 l-33d.
Later the Council made a special
were allotted in full.
to sell
allotment of 4 lacs in bills at Is. 4d. per rupee.
The following return shows the position of the Bank of
ftigland,the Bank rate of disoount, the price of oonsols, &o,
ooxapared with the last three years :
1903.
1908.
July
Jttiv S.
1901.
July
U.
1900.
JiUt 11
10.
A
k
89,e8S80S
80 007 445
A
SOeiSAOO
7.f6i.7i8
10 461 l»7
H.ei4,B07
Otkar depoiiu
OoTarnmaniieonrltiet
Othar •••nrltlei.^
Kaaarva ot aoiai and ooln
ioeiseei
«i.6i«5 1')3
42,i>^!<.ooi
«,a76 618
ib48n4H0
8«.V1!4
28.318>!«6
840 7208
V54&73&7
QolnAbaiilon.botbdepartni'ti.
ilabliltiei.p.o.
Frop.raierra
paroant..
Bank rata
Qonaolt.Ht paraant
8e.716.t-08
87
i7.i96.aC9
27,;40,^41
24.46n.4.M
37.304 91L
OMllatiOIl
ftbllO dapoiUt
UTar
"45
48 11-10
9i9i
9e»-ie
iiHi.
lS6.9id3.000
£0,6111.180
S -39 -OS
i203H.3H0
vo870 5'8
2^90S 01
18.8UUH4
81.n'<A,044
Sf%
47 ll-ifl
3
3
««^il
210,75s.000
Oaarlne-Hoaia ratarni.
t)t-9.b08
61 7-ia
8
X
»
98e-i0
S«i5-iod.
104844.000
(9M
88 7-iad
166971. OOC
The Bank rate of discount and open market rates at the
shief Continental olties have been as follows:
Rtktttot
InUTut at
July
10.
8.
Jime 20
June
19,
-ompared with previous seasons
IMPOBTB.
1901-03
1908-03
(mpts
Oven
Rati. Marki
Bank
Bat»,
Bank Open Bank Open
Marke' RaU. Market iRate. Market
Open
'eM
ie«na
ndlanoorn
noni
Pwla
2M
2V
iH
2%
3
Berlin
4
HunbnrK
Trankfort
4
4
Ajuatardam....,
SH
BroMali
TIanna
BL PataribnrR.
Madrid
Oooanbasen.
.,
4
8
8
8X
3M
2«
8«
8ii
nom.
4K
8
3«
4M
8
4
8
4M
4
8
3
3
4
4
8K
SX
SH
4
3H
nom.
8
4
4
3M
Hi
4
4
4
importa of flonr
16.451,128
lalasof bome-grown.22,018,296
SH
nom.
non.
4
3
4
8
4W
4
4K
4
The q notations for bullion are reported as follows:
eOLD.
London glandard.
July
9
d.
$.
Bar gold, line
ob 77
U.S. gold ooln...oB 76
Oerm'n gold ooln.oc 76
French gold ooln.oi 76
l«p»nefle reo....o>. 76
10
5
514*
5*
6*
July
2
a.
77
76
76
76
76
d
10
6
51*
S*
5'
'irominal.
BILVBB.
July
CionOon Standara.
TotaL.
July
2,
24''8
24il,6
24I2
26>4
23»ie*
Messrs. Pixley & Abell write as follows under date of
July 9
Gold— The Continent has ooBtlnued to be a good buyer and all
arrivals hAVP. been taken, chiefly for Pari^
The Bank has reoelvKd
47.000 and has lost «40,"a0.
For the week -A.rrtva'8: Anstra la,
£17.000; Oape, £133,000; Chile. £=>,000; f^tal, £lS5,(-00. Shipments:
Bombay, £27,2.'S0; Caloutta, £5,000; total, £3^.2^0 For month or
Janp— Arrlva s: Gprmany, £2,000; Beljrtam £78.000; Frano#> £ to.OOr;
•ootn Afrloa.£l,704,OOC; East Indies. £203,000. Shipment*: Germany,
f'.i28,000; Belglnm, *2u,000
France, £^25,0U0; East Indies,
»
;
Io4.0<i0.
Silver The market senerally has been a qnlet one wifh small flaotaanonsonly Off^^rlngs have been on a Hmi ed soala, -whilst India has
been bnt a moderate bnyer. The market coses steady at th« quota
oons. The Indian price Is Rs. 62.
For the week— Arrivals: New
York, £130.000; Cape, £11,000; Chile. £2.C00; total, $143,000. 8hlpuientH.; Bonibay, £in.{iO; Oaiomta. il.'i.OOO;
For
total, £iO,900.
month of Jane Arrivals: Germany. £32,000; France, £10,000;
**38.r0j
East Indies, £413,000.
Shipments: Bussle,
aorTn
£.^^,000; France, £S9.000; East Indies. £264.000.
Ml**' '^f'l'wny
Mexican
Dollart— There has been a good demand for the Siralts and
the qnotatloQ has advanced rapidly to 243, gi., at which price there
are f«nu buyers. Mexico has been a moderate seller. Shipments to the
Straits, «67.200.
'
;
...107,793,510
19.559,100
IM, 146,200
22.037,897
22024,313
28,931,559
99,499,258 100,015,013 100.939,669
8d.
80a.
87a.
9d.
37a.
27a.
268.114
Od.
Id.
Ses.
Od'
The following shows the quantities of wheat, flour and
aalse afloat to the United Kingdom:
1902.
LaitvoteH.
1901.
Ihitxeeek.
2,(J00,000
iVheat
qra... 1.875,000
rioar, eanal to qra... 270,00O
«al«e
qra.. 1.230,o00
BndUM
805,ooo
1,070.000
2,485,000
280,000
2,980,000
770.000
1,030.000
34.5,000
nnan«lal Murkota— Par Oabl*.
The daily closing quotations for securities, etc. at London
ure reported by cable as follows for the week ending July 24
,
LOHDOH.
Mai.
iUver, per ounoe
d.
}oiiaola.,new,S% p.ota
25
0238
jron.
tMU.
Wd.
261a
9238
257,6
923,6
2538
26617
253a
^2
9U3i6 fll'ia
9178
9iia
^21,6
4^'s *7-37S ^7 25
a2i«
92 M
92 >4
For aoooant
rr'oh renteadn ParlB)fr. 9752i« 97j7ia 97-47i«
4i«
414
414
knaoonda BUnlug
67 '8
6538
een
itoh. Top. A Santa Fe.
90%
91
Preferred
91^
86ifl
85
-ialtlmore A Ohio .....
85
94IS
95
95
Preferred
.lanadlan Pacific
I28''e
..
Jheaapeake e» Ohio.... 86i«
1251a
SSBg
I8I4
18
Jhloa. Great Weatem.
3hlo. Mil.
St. Paol... 14714
A
c>en.
Do
A Bio
Or.,oom....
do Preferred,
146
261s
26>4
8II9
S23g
82
'^e, oommon ..........
lat preferred......... 69 14
66
8d preferred
......
134i«
illlnola Oentral
110%
uotUavllle A NaabvlUe..
21 19
Hexloan Central
vio. Kan. &Tex.,ooin..
211a
Preferred
'National RB. of Mex... 21
41
Preferred
C. Y. Oent'l A Hadaon..
25
N. Y. Ontario & Weat'n
Norfolk & Weatem..... 66 >4
92 19
Do
do
pref
3188
6858
55 14
134
ilO
21
207s
43
21
41
12m
121 14
28''a
c'ennaylvanla...
6238
681s
26
42
85
25%
48%
47I9
ioath'n Railway, com..
2308
22-^8
Preferred
..........
inlon PacifiOc
Preferred
7. 8. Steel Corp., com.
T>o
do
pref.
89
80
78^
88
8?
27
'
ARead
PhUa. A Read. ,lat pref
•Phila.
A Read^Sd pref
Paomo
Do
Do
.^
411s
35
8H«a
2788
7914
231s
li^
23 ij
40
41
preferred
neb. ««B"......I 67
* T*r1f«>
24%
dX
26
3li«
34
3478
l7is
L4414
2588
81
31
67-^8
67i<
901s
171*
1451s
25
ao%
81
69
52
53
32
134
09
108%
21
2038
4lis
21
20>s
41>4
21
20
Bb)l3
33%
I2OI4
2314
121
23I4
65
91
9213
621s
2.M4
4113
#r<.
8%
66 >s
941s
v«ie
91
92
62
25
42
85
92
93
4l8
41a
66 's
9II4
85>s
64
93
7
e6
65is
Northern Seoorltlea....
r*»4r».
65
90
841a
94
124%
33>9
16%
17-4
46
144
24%
2588
81%
30%
81
8038
69i«
62HI
68%
48
133
109
34
10
20
19
2038
2018
41
20
40
22
40
191a
39
121>to
23 Is
64%
2314
633a
91
9214
90
90is
621s
62%
ttK
26
tl>s
411s
35
35
35
4688
4634
221«
4414
21)4
46I4
2214
881s
7388
8<i«
2514
V7»s
221s
88
88
79
c8
7-^88
88
87
77
89
23%
74%
8tie
7538
22 Is
22 «
74 >•
3^
65
3914
Zi^
«4%
2l''8
6!S
28sa
21
38
6II4
per share.
©ommjerclal and pCi6CjeUaue0WsSeittr«
d
d.
B&78llvflr,an6...os. 247,8 '438
Oo 2 mo. delivery 243i6 243ie
Bar silver ,oontalii'g
do Sgra.gold.o. 2416,,
do 4 gre.gold.os. 24 \
do 8 grB.gold.os. 249,8
Oake sliver
oz. 2fB,6
Mexloan ilonarB..os. 243je*
6R, 431,600
17,01*2,663
iver.prloe wheat, week. 27b, 9d.
Average price, season. S5B.llifld.
Vabaah
8
8
8
2H
60,369,09S
19.370.082
14.681,672
1.773.433
Supplies available for oonsumptlon (exclusive of stocks
oD September 1):
1901-02
1902-03.
1900-01
1899-00.
iVheatlmported.owt. 69,329 086 60.369.< 98 58,431.61.0 53.911,900
southern
3
4
4
lPOO-01.
1899-00.
53,911.900
22,39'^.'2.'S8
18,142.10/ 13,N89.400
12.695.320
19,1*^3,0'<0 15,788,500
^ 1,669.827
2,141,130
2,263.400
1593.799
l.ft«'0.840
1,318.125
1,429.920
33,026,842 38,613.02S 46.690,2(0 48.640,700
.,^.16,451,128 17,092,563 19,559,100 18,146,200
Of wheat, owt.69,329,0'^6
Jari)
)ati..~
'Phlla.
Bank
177
The following shows the Imports of oe rea 1 produce Into the
Jnited Kingdom during the forty-fonr weeks of the season
its
50 lacs,
Ju'V
:
:
...
National Banks.—The following information regarding
is from the Treasury Department.
national banks
NATIONAL BANKS OaOAMIZED.
Certificates Issued July 7 to July 18, 1903.
6,870—The First National Bank of Extra, Iowa. Capital, $35,000.
M
L-iet.
President; J.
E
F
McOaire, C« shier.
6,871—The National Loan and Exchange Bank of Colombia, Soath
Carolina. Capital, $500,000. Edwin W. Robercson, President; G. M. Berry. Cashier.
6.872- The Third National Bank of Glasgow, Kentucky. Capital, $25,000. 8. T. Young, President;
CJi^sbler.
6,873— The Hanford National Bank, Hanford, Califorala. Capital.
$S0.000 N. P. Dancan, President; H. E. Wright. Cashier.
6,874—The Citizens' National Bank of HoiiHaysbur.;, Pennsylvania,
Capital, $30,000. Lynn A.. Brua, President; H. D. Hewitt.
.
CiMbier.
6,875—The First National Bank of Centralla, Missouri. Capital, $50.000.
D. T. Turner, President; E. B. Denham, Cashier.
6,876— The First National Bank of Qlooresvllle. I idlana. Capital,
$25.<'0O. George R. Scruggs, President: H. H. Leathers,
Cashier.
6,877—Thd Hnnbury National Bank, Sunbury, Pennsylvania. Capital,
$100 000. F. E. Drumhelier. President; E. B. Haoter. Cashier.
6,878— Tne East Herlln National Bank, E>ist Bt-rlln, Peunsylvanla.
Capital, *2>,000.
.C Smith, President; I 6 Miller, Cashier.
6,879—Th« First National Bank of Coweta, ludlau Twrrlcory. Oaoltal,
.Cashier.
»2 .000. UlVBsesG. Phlppen. Presld»«n';
6,830—The Merchants' National Bank of Gree le. Iowa. C»pical,
*iO,0 lO. E W. Soesbe, President; C. W 8 wsfe. Cashier.
6,881— The Plymouth National Bank, Piymoatb, Pennsylvania.
Capital, $100,000. John B.Powell, President;
,
Cashier.
First National
6,882—The
$2.s,ooo.
Bank
of
DlUsboro,
Ind.
Capital
Dandridge W. cole, Prefeident; William C. Wulber,*
Acting Cashier.
.
.
THE OHKONICLE.
178
[Vol. LXXVII.
Cltlzene' National Bank of JaoksonvlUe, Texas. Capital,
$25,000. W. H. 8ory. President A. F. Kerr. Cashier.
6,884— The National Bank of Carlsbad. New Mexico. Capital, $30,000.
S. T. Biting. Preeldent; H. A. Honser. Cashier.
0,88&— The First National Bank of OampbeU. Mlesoarl. Capital, $30,COO. T. A. Medley. President W. 8. Gardner. Cashier.
6,886-The Citizens' National Bank of Lebanon, Vlr«inU. Capital.
President; 8. H. Fletcher, Cashier.
$32,500,
,
Breadstaffs Figures Broagbt from Pagre 212,—The
atatements below are prepared by ns from figures oollected
by the New York Produce Exchange. The receipts at
Western lake and river ports (or the week ending July 18,
nod since Aug. 1, (or each o( the last three years have been:
Conversion Citizens' Bank of Lebanon.
6,887— The First National Bank of Coalport, Pennsylvania. Capital,
Cashier.
$30,000. George D. Benn, President;
6,888—The Atlantic National Bank of Jacksonville. Florida. Capital,
$350,000. E W. Lane, President; Thos. P. Denham.iCaBhler.
6,889—The First National Bank of Fosston, Minnesota. Capital,
tttCtipUcA—
6,883—The
;
;
.
$25,000.
I.
A
Yarnell, Preeldent;
Cashier.
,
AFPUCATIONS TO CONTENT INTO NATIOHAL BANKS APPBOVED.
Approved June 19 to July 10, 190S.
The Neodesha Savings Bank, Neodeeha, Kansas, into The First National Bank of Neodesha. Capital, $30,000.
The Cowuill Bank. CowglU. Missouri, Into The First National Bank
of CowgllL
Capital. #36,000.
of Gravson, Kentucky, into
tional Bank of Grayson. Capital, $25,000.
The State Bank of Hall, Iowa, Into The First National
Capital, $35,000.
The Commercial Bank
The First Na-
Bank
of Hall.
1,319- The Commercial National Bank of Providence, Rhode Island,
has gone into voluntary liquidation by resolution of its stockholders dated June 6, 190^. to take effect immediately.
l,04i— The First National Bank of Wellevllle, Ohio, has gone into
voluntary liquidation by resolution of its stockholders dated
June 18, 1903, tt> take effect immediately.
679*— The Pooatset National Bank of Fall River, Massaohasntts, has
gone Into voluntary liquidation by resolution of its stock'
holders dated June 11, lo take effect June 30, 1903.
612*— The Massaeolt National Bank of Fall River, Bf assaohusetts, has
gone into voluntary liquidation by resolution of its stockholders dated Jane 11, to take effect June 30, 1903.
1.288*—The National Union Bank of Fall River, Massaohasetts, has
voluntary liquidation by resoluflon of Its stock«f one Into
holders dated June 11, to take effect June 80. 1903.
4,719— The First National Bank of Westfleld. New Jersey, has gone
into voluntary liquidation by resolation of Us stockholders
dated June 10, to take effect June 30, 1908.
6,006— The Park National Bank of Cleveland, Ohio, has gone into
voluntary liquidation by resolution of Its stookholders dated
Jane 30, to take effect July 1. 1903. for consolidation with
The Buolld Park National Bank of Cleveland.
'Saooeeded by The Massasolt-Pocasset National Bank of Fall Biver.
CHANGE OF TITLE AND LOCATION.
5,238—The Stockmen's National Bank of Canyon, Texas, Into The
First National Bank of Canyon.
3,545—The Euclid Avenue National Bank of Cleveland, Ohio, to The
Eacltd-Park National Bank of Cleveland.
4,021—The Commerce National Bank, Commerce, Texas, to The First
National Bank of Commerce.
6,410— The Odesisa National Bank, Odessa, Texas, to Midland, Texas,
under the title The Midland National Bank.
Per
of Company.
138,660
When
Kllwankss
Bilatk
UlUlMPOll*
64.050
115,000
rol«4o
•trolt
Olavsland..
Bt. Lonli ...
do
do
do
pref
Dayton, pref. (quar.)
&
Gin. Ham.
Cleve. Cin. Chic
&
Cornwall
&
St. Louis,
8>g
1>«
com
Lebanon
Erie, Ist pref
Lonis<& Pan Fran 2(1 pref. (quar.)
Street RallwRT*.
Coney Island & Brooklvn (quar.)
St.
,
Jacksonville (Fla.) Eie'c, pret
Newtonv,(Maa8.) <fe Watertown St.
PhiUdelpbia Co.. Pittsburg, pref,
3
J'ly
3
Aug
1
Sep
Aug
Aug
S
By. 36 Aug
4
3
Banks.
(qnar.)
3
Corn Bxchanfre
Oeniian- American
N. Y. National Exchange (qnar.)
7
3
3
2
;.
Seventeenth Ward. Brooklyn
3
TwentythlrJ Ward
Trust CompaniCB.
2I9
City.....
4
Kings Connty, Brooklyn (quar)""lIII
2H.
Nassau, Brooklyn
BDaeelUuiecas*
3
American Gliii», m^f
Amer. Seeding-Machlne, pref. (quar.).!
Clalln (H. B), Ist prof, (qnar.)
do
ad
Jeflerson
C.
4
I.,
com
do
do
do
pref
National Carbon, pref. (qnar.)
National Fireproofirg, pref. (quar.)...
Eng. Telep. <fe Tel<g. (qnar.)
Pressed Steel Car, com. (quar.)
do
do
Procter
do
com. (extra.)
do
pref. (quar.)
& Gamble, com. (quar.)
Pullman Co. (quar)
Syracuse Lighting, pref. (qnar.)
v. S. Bobbin A Shuttle, com. (qnar.)..
do
do
do
pref. (quar.)..
• Transfer books not closed!
Ang
Aug
Ang
Aug
Aug
Aug
l>a Ang
Ang
3
2\ Aug
Aug
6
Aug
1»4 Aug
(qnar.)
New
Ang
Aug
Aug
Ang
Aug
Aug
Aug
1»4
l"*
pref. (quar.)
& Clear.
Ang
$4
Consolidated Gas, Pittsburgh, pref
Hudson River Telephone
1
30
2
Ang 18
1 J'ly 37
1 J'ly 18
1 J'ly 16
to
to
to
Sep
1 Holders of rec.
l>«|Ang 16 Aug 2
to
Kap.Tr.,Minneapolis,coni.(q.)
T7iiiun St., New Bedford, Mass. (quar.)
Pacific (qnar.)
31 J'ne
31 Ang
of rec.
of rec.
to
to
to
to
to
3>4
Twin Cy
Bowery
2
Aug 20 Holders
Aug 20 Holders
Ang 8 J'ly 25
Sep
1 Ang 12
1»4 J'ly
Ang
Aug
1
Aug
1»4 Ang
Ang
3
Ang
2
l\ Aug
$1 60 Aug
$1 75 Aug
1
Homers
rot.wk.X0O8
samawk.'OS.
anctioD,
By Messrs. Adrian H. Mailer
Bhares.
6 Old Dominion S. S. G0..I2212
20 Federal Bank
100
10 First Nat. Bank
625
18 U. 8. Trust Co
1550
166 Herring- Hall -Marrln
com
138
Merchants' Trust Co
245
National City Bank
268
Mercantile Nat. Bank. ..259
Whittler Lumber Co.. .$50 lot
36 Equitable Trust Co
710
5
10
15
85
13,300
851,400
160.697
17.600
800,480
28,340
184,000
87,810
140,00p
78.CO0
269,740
T6,eoo
79,800
7.070
S1.600
1.9O0
11.801
80.980
86,436
9,060
696,818
61,755
407,4K5
395,166
8.000
24,000
416,000
196 300
2,700
6,448
1,600
643,200^
166.400
68,600
2,713,884
2,761,890
3,881,419
891,270
76,45B
5,570,769
8,444,318
1,989,470
6,342,686
3,487,018
1376,896
74,031
76.570
58,96X
93,080
llOt^S
lMl-08
lMO-01...
Ang
Aug
Aug
Sep
28
28
28
to
to
to
1
1
1
1
1
1
1
1
J'ly
J'ly
&
Aug
Aug
1
1
J'ly 31
Aug 10
Aug 16
Boston
Montreal
189.475
8«.S84
80.682
71,998
88,867
1.184
ll.8ii
18,612
..^
Pklladelpkia,
Baltimore
Uahmond
Haw orlaani*
Hawport News. ...^.
aaiTsitoB
Portland. Me
Mobile
Ang
1
J'ly 31
J'ly 31
Aug 3
Ang 2
Ang
2
J'ly 31
to
Aug
to
Aug
to
Ang
to
Aug
Holders of rec. J'ly
J'ly 26
to
Aug
1
J'ly 18
J'ly 16
J'ly 24
J'ly 24
4
3
2
Aug 6
Angle
26 Holders of rec. J'ly 16
16 Aug 1
to
Aug 14
26 Aug 6
to
Aug 26
26! Aug 6
Ang 86
to
to
19 J'ly 80
Aug 18
18 Holders of rec. J'ly 31*
16 Holders of rec. J'ly 31
1 J'ly 24
to
Aug 1
'
J'ly 21
to
Ang 2
1 J'ly 21
to
Aug 3
1C02.
J4.750
»««H
976
1.000
1,465
86,700
86,000
11.853
•••(••••
••• ••**
1.000
1,688,480
970,699
980,290
87.206
1,126
86,496
86,076
860
367,801
^7 301,688
8,098.336
8.097.909
•
7.061
• •
317,322
Haw Orleani
Total receipts at porti from Jan. 1 to July 18
Follows for four years:
1901.
BtcHpt et—
1008.
leOS.
Oati
Barley..
Kre.
.
.•
f or
/oreivn
compare a^
11,816,216
10,866,081
11,018,918
1900.
11,833,062
.buih. 62,856.830
66,480,446
20.886,089
8.107,910
2,908,413
68,876.685
10,086.689
88,763,284
1,498.084
1,767,908
74,808.088
87,986.400
46,801,654
8.084,887
2,117,791
40,104.146
108,611.040
40,083,691
7,804,486
I.U81.749
168,100.786
06.883,414
bbis
rionr
Wheat..
Oorn
••
700
268.600
819.766
•Baoeipti do not inolBde grain VBBSlng throogk
portion thronKh bills of lading.
•••^••••B
"
tnm— buik.
208,475,060
214,727,610
Osrn,
riouTt
buih.
bbll.
88.104
16,088
Oati,
biMk.
kuth.
Pt»t,
bulk.
46,766
80,763
1,926
714
86,156
118,976
17.748
13,612
62.630
IB
105
219.766
ruiadelphla.. 1S8.627
184.100
Baltimore
Hew Orleans.. 114,826
846,181
66,038
86.000
164,386
43.606
64,089
Montreal
887,647
211,710
...
Me.
.1.041,717
Son:
11,268
Bonds.
Sept.,
25
"17.118
75.808
"0.T28
1,600
894,865
318,442
48,905
77,051
184,718
87,718
11,668
11,313
The destination of these exports for the week and ilncB
1, 1908, Is as below:
-Flour.-
Week
linci
July
18.
1,
894,356
212.448
631,963
871.408
ToUl
1001-08....
.
Week
Bin** Julv
Jul]/ 18.
1,1903.
buak.
btiih.
1903.
168,677
18,898
05,955
7,811
11,731
Total
Whtat.
.
Sine* July
blu.
July 1 to—
Onltid Kingdom 276,071
76.224
3ontlneni
18 604
S. A C. Amerlea.
16,885
West Indisi
4,181
Br.M.Am. Colo's
3,490
Otkar eoantriei
bbll.
Com,
^
Week
July
ainte Jul
18.
1,000
1,000
buth.
681,769
086,290
1,018
31,939
4,806
102,714
1,087,245
8.838.184
4.618.387
6.321,110
1,597,983
110,891
1,811.280
678,637
1,378
3,146,483
1.369,527
1.373
1, 1008.
bulk.
1.158.868
2,048,868
11.685
68,108
10,184
281.703
8,878,606
818,446
The visible supply of grain, comprising the icockB ;a
j^ranary at the principal points of accumulation at lake and
leaboard ports, July 18, 1908, was ai foUowi:
Osrn,
initiriat—
lew York.......
Do
bulk.
878.000
Oati,
bulk.
My»,
bulk.
Bmney
bulk.
708.000
648.000
280,000
bulk.
118,000
160,000
114,000
174,000
28,000
810,000
168,000
1.000
15,000
1.000
3.000
SO.'OM
'2ik0()d
i38.00'6
afloat.
oston
841,000
76,000
663.000
81,000
899.000
408,000
......^.
16,000
1,001,000
Phlladalpkla. • •••••^e-s
Baltimore.. ... •..,...
Hew Orleans.. ^...««4
SaiTeston
Montreal
roronto
aflalo
'60,000
806,006
161.000
3,000
889,000
roledo
896,000
iwVooo
liiVo'do
"6,00*0
letroit
61.00S
"8".od6
'li'odo
'i'd.odo
1,610.000
—
3,6M,0o6
079,00*0
28'6'.'()b*6
870,000
'60,000
isTlo'o'd
1,000
181.000
'48,000
li.'oio
180,000
24,000
'9,006
"i6,*d66
00
afloat..
Do afloat
afloat
Do
msago
Do afloat
MUwaakeo
DO
afloat
2.6
70,000
rt.Wlll'm*J>t.Artlk'r 1.071,000
1,082,000
afloat
Bt.
8,761,000
418,001)
Lonis
Do
112,000
268,000
»<»00
166,000
afloat
KsniaiOlty
Peoru
Indianapolis
C»n
MlBilHlppi Blrer
.
aDLakas
$4,000 Old Dominion 88. Co.,
M.&8
gen. 5b, 1913
108
$6,000 Coneol.RubberTlre4s 6''e
$9,000 Whittler Lumber Co.
"1,000
July
MlnneapoUi
Bhare$.
196 United Nat. Bank
95
40 Icternat. Bank & Trust
Co. of America, pref... 91
2,600 Realty Co. of N. Y....$5 lot
iiarii*
btt**.
168.0C0
Total week.. 1,987,845 1,697,938
11,371
aam«tims'0a..2.233.l24
BnlnU
Do
M.AB.
aw.
kttfk.
877,998
88,026
344,268
72.686
6.000
2
20
14
1896, coupons on
Bar)i«
»llih.
478,000
78,817
64.681
120.807
76.178
86,782
132,000
1.C00
Total week...
Week
0«tt,
ftu«k.
219,400
7i4
9
2
let es, 1911.
seaboard ports ioi
636,700
147,984
408.481
21.682
141,060
153.430
82,000
ktiik.
kbii.
.^
^^
osrn,
(Fa««t,
fl»ur.
M(4»ti atNtwTork.
SalTtiton.....
Mobile.
Aug
14 Holders of rec.
16 Aug 6
to
me
,
Rewn'rtNewf
Sep
Sep
1
1 J'ly
66,432
The receipts of flour and grain at
week ended July 18 1908. follow:
the
muk and
to
800
90.888
10.867.E64 841,231,964 161,469,694 186,«0&,969 55,841,564 8,199.176
80.676,297 849,638,211 126,844,929 138,066,467 80,548,460 5,100.690
19.797,818 288,808,800 201,4SC,140165,4e4.U7' 31,031,101 4,320,880
rortland,
1
to
to
to
to
1,791
30,670
1
Mxporti for
J'ly 24
1 J'ly 22
1 J'ly 22
1 J'ly 21
1 J'ly 29
76,686
IFk«at,
AactlonSalea.— Atnongotheraecuritiesthefollowlng.not
regularly dealt in at the Board, were recently sold at
Co.,
27,660
878,896
883,767
188,818
wk.'Oi.
Wmet Au«.
Ibi,
163,300
Kaasai Oity-
Bx*ort$
of rec. J'ly
1
Rye.
1,787,983
Boston
8
S78.5C0
68,480
6.000
fcorla
NewTork
Rallrvada (^teami.
Chic. St. P. Minn. <fe Omaha, com
Barley.
The exports from the aeyeral seaboard ports for the week
•nding July 18, 1908, are shown in the annexed statement;
Books Closed.
(Days Inclusive.)
Cent Payable
OaU.
Corn.
1,458.000
Total sraln
DIVIDENDS.
Name
Jklsago
3aa«
UQUIDATION8.
WhtaU
Jlour.
Bkb.196 U>« B\kih.«0 Um BMh.66 lbs B%t\.2liXbt BiuMSIb* Bu.56
Ob eanal and riTsr.
ToUl July
TotalJuly
18, 1008.
11, I908.
19, 1002.
. .
2,000
287,000
'
17,000
's'l.'dob
8,000
238,000
11,000
1.000
230,000
348,000
19.000
4.000
407,000
261,000
68,000
66,000
1.000
1,296,000
404,000
13,067,000
14.811,000
90,416,000
7,619.000
7,447,000
6,508,000
4,481.000
4,S14.000
718.000
6,841,000
6.428.000
614,000
696,000
186.000
438,000
696,000
.
... ....
Total July
ToUlJnly 80.1901. 27eHl,000
ffotalJaly 21,1000., 46,681,000
18.2411,000
13.5^6,000
410,000
476,009
119.U00
841.000
614,000
—
.
July
1
THE CHKONICLE.
25, 1903.]
New York City Clearine House lianksj.— Statement ot
condition for the week ending; July 18, 1903, based on average of daily results. we omit two ciphers COO) in all cases.
New York
City, IJoston and Philadelphia IJa 11 ks.— Below
of tlie weekly returns of the Clearing House
Banks of New York City. Boston and Philadelphia. The New
York figures do not include results for non-member banks,
a
i.s
summary
ire
BANKS.
Surplus.
Capital.
Loans.
Upecie.
Manlint. Co.
Merchants'
Mt'chauica'.
America
Phoeaix
...
City
Chemical ..
Merch. Ex
—
.
Oallatin
But. ift DroT
Meoli.*Tra.
QreenwK-li
Iieatli..Mfr8.
Amer.Kxch.
CommorcP..
MtTcanlile.
2,000,0
2,050.0
2.000,0
2.000.0
1,500.0
1,000,0
25,000,0
300,0
000,0
1,000,0
300.0
700,0
500,0
600.0
5.000.0
10.000,0
3,000,0
42-J.7
Pacific
N'. America
Hauover ...
450.0
200.0
2.000.0
3,000.0
Irrins
rulzens'
1.000.0
1,550.0
Cliatham...
People's ...
..
X:issail
Mar.A Fult.
siii>oALthr.
Oorn Exch
Oriental
.
...
& Trail
Imp.
Park
Bast River
fourth
CAntral
Second
First
NtEx.
.-^.y
Boworv
...
N. Y. Co...
German
Am
Chase
Fifth Ave ..
German Ex.
aermania
..
Lincoln
OartleM....
Fifth
Bk. of Met..
We.st Siile..
Seaboarrt ..
IslX.Eklyii
Liberty
K.T.Pr.E!!
New Amst.
Astor
Western
500,0
1,000,0
1.000.0
2.000.0
600,0
1.500,0
3.000.0
250.0
S.OOO.O
1,000.0
300,0
10,000.0
500,0
250.0
200,0
7^0,0
1,000.0
100.0
200,0
200.0
300,0
1,000.0
250,0
1,000,0
200,0
500,0
300,0
1.000.0
1.000,0
500,0
350.0
10.000,0
2.465.5
2,376,9
1.407,2
2.708,5
3,573,5
330,9
15,><28.4
7,459.1
336,6
2,148.3
111.6
300,8
515,7
554.3
3,781,4
8,007.2
4,459.6
588.0
1,079,2
393.0
2.070.6
6.398,.>^
$
2,101,0
5,881,0
2,324.5
16.333.0
19.758.0
11.953.5
12.433.0
21.137,2
4.415.0
133.293.9
24,022.8
5,110.5
7.461.0
2.032,6
3.945.0
6.626.6
6.807.4
156,9
2,904.5
611,2
1,2>»1.0
13,174.1
393.7
773.7
4.540.1
28.325.0
73.054.4
22.993.9
3.30-2.7
6.027,8
1,977,7
15.021,0
45,640,7
0.2.'<2.0
6.853.2
2.745.3
6.297.9
5.400.2
25.43><.0
5.489.9
22.259,0
53,319,0
1,158.5
16.743.6
9,386.0
9.451.0
74.234.0
6,481.5
2.756,0
4,312,1
635.0
493.S
3,690,5
3,378,1
3.5,415,8
1,043.1
8,78.-),7
058.8
849.8
2,852,9
2,»98,3
10,954,7
7,398.6
2,487,0
8,488,8
3,183.0
11,002,0
4,352.0
9.634.8
4,128,8
6,069,7
4,742,0
56,749,5
1,284,1
1,301,3
375.0
1,413,0
500.6
1,313,0
575. !•
1,858.0
486.5
592,6
508,4
3,267.5
$
14.478,0
•*;
1.556.0
1.124
t'.C.
•-'5
•-4.520.0 3'"* '7
13.38-2.2 Jo
•2,156.11
-J
"
I
1.633,11
1,505.<'
2.329,1
Total... 109,922,7 129,168,9 907,015,5 160,863,4 76,217,1
t
Deposits A'c
12.317.0 •Jo 9
23. 180. 2 5 -J
3,518.8,
723,(1
293.0
4.110.0 2-1 -7
24.060,9 7.915.:. 119.043,9 •JO-,^
3.740.9 2.156.7 22.80-J.l *.-.- s
S40.4
575.3
5.458,9 2('.l
604.4
097.S1
4,844,5 20-8
48.2
54e.W
2,527,3 .3o
olo.O
450,0
4,050,0 190
164.7
279.3
1,718.0 J.-) 8
4.300..S J4 2
409.0
035.2
3,515,0 2.303.0 21,981,0 •J(!-7
10,1 9 J,9 5.736,-J 60,011,7 26-4
3,501.8 1,262.4 19,02i>,S -.•4-2
506.1
391.7
4,048.6 J21
903.0
5,902,1' .4 1
523.0
543.7
191,0
2,543,9 2S-8
700,4 1.604.3 11,604.1 208
8,110,9 7,-281,9 54.4t!7.S» -',S-2
532,7
5.777.1) 27-4
1,054,6
7.742..-.
5-2
532.7
1,425,2
393.5
337,1
3,181. .s 2 -9
1.0-29,3
667.2
6.220.2
177.6
1,443,8
0,389.0 25-3
4,639.0 3.180.0 30,405.0 5-3
531,9
607.1
4,782,0 1-7
3,545.0 1,267.0 19.293.0 24-8
13.043.0 4,596.0 01.247,0 28-8
202,7
135.1
1.271,1 20-6
2.490,8 3,048.9 18,7Z7.2 29-5
1,415,0 1,105,0 10,554,0 23-8
1,321,0 1,187,0 10,112.0 24-8
14,911,3 2,313,9 01.278,0 •28-1
855,3
525.1
5.745.(1 24-0
382,0
238.0
3.103,0 20-0
053.5
320.7
4,704,1 20 -8
199,4
632,0
3,266,3 25-4
9,081,5 2,313,5 41,989.2 27-0
290,0
9,827,4 20-9
2,363,5
200,0
680,0
3,369,2 61
416,7
506,1
4,617,7 20-0
648,3 1,834,0 11,170,0 22 -2
7,5.59() 24-9
1.565,3
318,7
403,4
195.4
2,439.2 -'4 -5
702.8
1,646.1
9.867,8 2;; -8
54O.0
333.0
3,500,0 24-9
1,986,0 1.,590.0 1'2,841,() 27-8
629,0
689,0
4,680,0
1
1,691,6
268.6
8,145,4 24-0
900,1
331.6
4:165.0 29-5
993,3
322,3
6,242,9 1-0
980,0
207.0
4,770,0 24-8
12,617,1 2.936.9 58,585,2 05
2,2,'<1,9
1,072,6
071.0
304.9
1,211.7
3(;3.2
3,3'20,8
.842.8
r
s'le.
*
Bk. of N. T.
Lfl/a Is.
',1
t
8952081 26-4
Total United States deposits included $37,268,800.
—
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
•week ending July 18, 1903, based on average of daily results.
We omit
Capital A
Surplus.
BA.VKS
CapitaX
Colonial
Specie.
Invest-
plus.
$
100,0
300.0
100,0
$
,«
207.4
271,5
102,6
45,3
190,0
93,0
265,2
113,2
60,4
239,6
53.2
116,0
^20S,6
115,0
300,0
100,0
252,0
500,0
100,"
300,0
300,0
100,0
100.0
100,0
200.0
200,0
100,0
316,9
105,0
20,0
531,3
391,7
45,9
653,9
595,0
165.7
100,9
85,0
268,2
122,3
70.3
1,991,0
1,537,6
376,9
3,229,4
5,612,3
896,8
3,977,0
3,003,0
1,007,1
1,328,3
616,4
1,080,7
1,343,1
805,1
12,6
105,7
6,0
l8tNat..S.I
25,0
100,0
75,6
106,4
Other Cities.
l8tNt.,J.C,
400,0 1,039,8
14th Street.
Gansevoort.
-200.0
57,1
120,8
112,5
191,7
194,6
239,4
108,3
12th Ward
23d Ward..
Yorkville ..
200,0
250.0
200,0
200,0
100,0
100,0
100,0
200.0
100,0
100.0
Fidelity
....
•200,0
Varick
JeDerson ..
Century ...
100.0
400.0
100,0
100,0
Hamilton ..
Mt. Moms
Mutual
19th Ward .
Plaza
Riverside ..
State
.
Wash. Hgt.s
United Nat 1,000,0
Borough
J:
49'2,4
99,1
84,9
20,1
121,9
111,5
•2'-,l
27,4
178,0
20,6
417,0
46,0
56,0
37,7
9,2
5,0
7,3
0,1
11,5
195,2
.
Mir.s.'Nat..
Mechanics
Bank
Other Deposits
Agent. Bks.&c
Clear'g
$
186.9
106,0
$
356,7
208.0
225.6
109.7
151.5
231,0
150.4
317,8
125,0
66,2
109,2
91.1,4
97,4
191,3
125,0
165.0
77,0
207,0
196.0
137,0
196,0
39,2
70,0
72,1
16,5
23,6
46,3
61.3
73,0
117,0
94,0
101,0
$
36,8
3.0
50.0
33,7
100,0
54,1
102,2
45,7
388,0
50,0
33,0
1,8
Merchants'.
Nas.san Xat
Nat City ..
$
2,610,0
3,339,0
1,971,0
1,688,3
2,508,3
2,733,3
2,470,4
1,610,3
3,121,0
1,139,3
7,004,0
1,891,0
1,5'J1,0
1,881,6
31,0
590,6
815.8
165,1
36,8
65,2
118,0
o
1,(12",<J
15,0
2:18,0
45,5
419,8
1,120,1
North Side.
Peoples
17th Wanl
SpraipieXat
Union.
.
Waliabout
.
187,0
116,0
47,1
422,0
340,9
125,3
597,0
312.0
45.8
56,8
9.5
110.0
48,8
36,6
lj.8,7
13-2,0
50.0
4,0
97.6
27,3
78,8
160,0
73,2
34.2
549,6
763,8
27.5
38,5
15,0
10,0
112,4
118,9
19,7
4,349,6
211.7
339,0 1,755,1
403,7
9.3
200,0
130,0
12,8
68,0
9,0
40,0
10,0
25,0
109,0
5'<,0
53,9
25,2
20,(1
125,5
41,2
2,037,0
l,OiH,0
437,0
3,055,3
0,430.1
1,009,0
4,415.0
3,257,0
940,4
.J'ly
18 239,091.6 907,015,5' 160,863,4 76,217,1
ISOM.
3
.J'lv
.riyll
.rivlS
Pliiln.
J'ly 3
.I'lVll
J'Ivl8
185,899,0
.>2. 322.0 187,197.0
52.32-2.0 187,940.0
of St. Is
Hudson Co
Nat., J.C.
8dNat..J.C
8d Nat... I.e.
l8tNt..Hob
9d Nat.. Hob
16,180,0
10,054,0
17,339,0
5-2,3'22,0
638.2
724,6
639,2
290.0
2,267,4
1,142.5
1,258,0
2.524,5
1,094,4
27(»,5
5'22,7
142,8
34,5
72,3
40.5
136,4
1
38,7
74,0
16,3
85,2
40,9
50,7
135,4
230,8
321,4
126,1
60,9
51,7
10,3
8,9
11,4
42,7
40,711,9
40,619.5
38,325,2
215,978,0 10,041,0
213,116,0 11.182.0
213,548,0 11, 30,0
21,878,4
21,009,0
21, 481,8
7,191,0 209,393,0
-J
;
—The following are
week ending for dry goods
Imports and Exports lor the Week.
New York
the imports at
for the
July lt>, and for the week ending for general merchandise
July 17 also totals since beginning last week January.
FOKKIGN IMPOKTS.
;
J-'or
1903.
week.
Dry Goods
General Merchandise
Total
Since Jan.
1901.
1902.
1900.
$1,973,496
,8.715,898
$2,312,220
9,058,051
$11,023,640
$11,370,877
$8,50'2,018
$69,495,873
$58,432,132
256,278,119
$09,784,510
$2,732,309
10.860.540
$2,307,742
$13,592,849
$76,780,263
262.641.670
6,.-.2,8.522
1.
Dry Goods
General Merchandise
Total 29 weeks
23.1.159.503
'241,808,207
.$339,421,933 .$30^,055,376 .$314,710,251 $3 11, ,592,777
of dry goods for one week later will be found
our report of the dry goods trade.
The foUowiug is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 20. and from January 1 to date.
The imports
in
EXPORTS FROM
NEW YORK FOR THE WEEK.
1903.
For the week.
Previously reported..
Total 29 weeks
1901.
1900.
$9,799,711
282,263,009
$13,818,166
292,066,594
1902.
.$7,011,480
.$8,113,502
208,013,033
255,050,224
.$275,025,113 $263,709,720 •$292,063,320 $305,884,759
Note. — As the fijrurcs o£ exports as reported by the New York Custom
House from week to week freiiuently show divergence, from the monthly
totals, also compiled by the Custom Hou.se, we slwU from time to time adjust
the totals by adding to or deducting Irom the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending July 18
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
EXPORTS AND IMPORTS OF SPECIE AT
Great Britain
France
Week.
NEW YORK
IMPOKTS.
Since Jan.
Week.
1.
Since Jan. 1.
.
...
$i4;6bo $20,289]98i
300,333
3,076,535
16,500
1,729,786
20,927
.
.
Total 1903
Total 1902
Total 1901
Silver.
Great Britain
$2,929,115
123,690
170,805
7,659,855
10,300
"saH
735
35,008
$330,833 $32,793,384
45,945
16,976,906
•29,410
29,178,925
$26,091
$3,631,942
1,354,166
1,478,708
.
All other countries
37.3.324
59.00)
78,166
>B247,985 $15,479,305
France
216,475
Germany
West Indies
'i'2',686
Mexico
.South America
All other countries
$44,000
1,590,994
2,600
141,839
""$30
84,"4"00
"iiaoo
20,988
745,468
124,040
2.839
885,790
Total 1903
Total 1902
Total 1901
.-;
476,540 $18,184,988
343,745
18,201,157
947,750 28,415,940
$937,335
738,945
$1,930
4,615
60.040
2,043.281
Of the above imports for the week in 1903, $2,876 were
American gold coin and $
American silver coin. Of the
exports during the same time $16,500 were American gold
coin and $11,500 were American silver coin.
Auction Sales.
—See page preceding.
Spencer
Trask &
BANKERS,
Co.,
^ril^IilAM <fe PINE STREETS,
NEXT YORK.
Transact a general bankino^ business; act as Fiscal
Aorents for corporations, and negotiate security
issues of railroads and other companiesi
Execute
commission orders and deal in
'
INVESTMENT SECURITIES.
5,967,8
1,820,0
1,102,1
1,507,4
2,289,4
1.231,1
Branch
N. Y. Stock Exchange.
Moffat
&
Office. 65
State
St..
Albanr
White,
members ?4ew York Stock ExcbanKe,
1 NASSAU STREET. CORNER WALL,
Dealer§ In Investment Securities.
«
1
2-2,3-27,7
0,597,0
6,583,0
6,570,0
IneludiU); for IJostoii and Philadeliihia tho item ••due toother banks,"
and also Government deposits. For Boston these Govorumcut deposits
amounted on July 18 to $6,329,000 on July 1 1 to $6,340,000.
Members
250.0
250.0
200,0
110,0
125,0
$
31,255.1
70.947.5
11,053,0
t
025,8
1,014,3
1.370,6
774,4
Clearings,
.S95,'208,l 43,908,9
0,701,(1 212,217,0
0,033,0 2(IS,O3(>,0
51,877,0
51,739,0
52,530,0
44.704.0 191,180,0
44.764.0 190,514.0
44.704.0 189.509.0
l,5l).>,8
Borough of
Biehmond.
Bk.
Circit-
laliun.
t
N. Y.
Mexico
South America
101,-/
170,0
57,5
32,6
63,3
452,6
66,2
400.0
280.0
00.2
361,1
138,0
Deposits,
Net
oi
BrookljTi ..
8th Ward...
hegals.
fl(iiires.
Exports.
Brooklyn.
Broadway
(00) in all these
Specie.
West Imhes
3,217,0
1,706,3
1,573,8
2,255,7
2.145,6
2,344,1
1.375,4
3,105,0
1,116.8
6,480.0
1,434.0
1,300,0
1,844.3
639,7
758.0
1.770,2
354,0
529.8
2,037,8
..
Loans.
Gold.
Leg. T.
Notes.
2,296.1
Columbia
tiro cipher.t
two ciphers (00) in all cases.
ments.
K. Y. CITY.
Boroughs 01
Mand- Br'nx
omit
.riie27 238.882,0 913,740.9 163.770.2 75.083.0 903,710,8 44,088.0
159.302
75,048,0 103.892.9 4,i. 9(19,1
.riv 3 238.XS2.0 917.44 1.
74,371,2 89-2.143.3 43,910.2
.riy II 238,88-2,0 909.529,(1 150.073.
Deposit with
BATiflTS
OOa omitted.
179
Tot. J'ly 18 8,412,0 100269 79 044.1 3.500.1 4,735.8 8 39-2.7 2,078,6 H4.783.0
Tot. J'ly 11 8,412,0 10026v( 79.583,9 3,520,7 4.904.5 7.69^,3 l,90--',l 85.221,3
Tot. J'ly 3 3,412,0 IOOJOJ 79,291,3 3,414
4,297.1 9,210,4 2,104,5 .50,861,0
1
1
I
TeL
58^C-582l CortlandL
Telepbooe Stocks a Specialty.
*
1»U
^KztiU.
iawkjers^
For DitieUruU <««
which has existed for some time past. Liquidation and depression have continued to be the prominent features, resulting in the suspension of two Stock Exchange houses to-day.
In addition to the causes, known and unknown, which have
heretofore contributed to the market's depression, there has
been a report of damage to the corn crop by hot winds and
the failure of a construction company with headquarters in
Boston and with operations in other cities. The former was
no doubt untrue and the importance of the latter greatly
exaggerated. Otherwise there is nothing new of importance
in the general situation.
As is well known, the important feature of that situation
is the crop outlook, and this will probably continue to be
the case until the harvests are secured. No doubt cotton,
corn and spring wheat are backward.
The markets are
therefore sensitive, and reports day by daj- from the agricultural districts are regarded with interest.
Call-loan rates have been unusually low. but lenders are
discriminating as to collateral, and> for time loans rates firm.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1^ to 3 per cent. To-day's rates on call were 1^ to
2J< per cent. Prime commercial paper quoted at ^)^@^^% for
endorsements and 5;'4 for the beet single namf s.
The Bank of EIngiand weekly statement on Thursday
showed a decrease in bullion of £41,294, and the percentage of reserve to liabilities was 57'96, against 5r87 last week,
the discount rate rtnaaining unchanged at 3 per cent. The
Bank of France shows an increase of 49,250,OOU france in gold
and 2,825,000 francs In silver.
OITT 0T.BARrNO-HOU§B BANKS.
IHfftrtneM
*
Cmpltal
Snrplns
Reserve held
36 p. 0. otd> posits
287 0«0.6'10 Ino
323,802 026 Inc
2,6i3,500
1,300
8,064.810
4,190.300
1,815,900
6,036,2i>o
786,200
IWl
1»02
July 19
from
prtvious loMk
%
109 922.700
129 168,900
LoaosA dtaoounts 907,016 oJO Deo'
Circulation
43.9U8 900 Deo
Net depoaits
•8P^,2 '8,100 Ino
Specie
.....
160 86*400 Ino
Legal t«Dders
76 217.100 mo
July 90
940,692 900
173,168 700
77,713,800
t
78 722 700
95.3S7.400
856 19«,R00
80 710,100
930, 145 300
177 601 800
78,313 900
260.882.500
286.173 226
365,816,700
284 766.326
9
93.872.700
113.074.600
903,827.3)0
31 R0>^,6a0
21,020 376
15.709 275
Snrplns reserre
13,278 476 Ino 6,270.000
* S37,26<,8U0 United uukce* deposits incladed, ag»iu8i 1^37.274,000 last
WMk. With these United Rtates deposits eliminated, the surplus reserve
would be $22,695,675 on July 18 and $17,327,100 on July 11.
noix— Hetnxns at separaie banjcs appear on the preceolnx page.
—
Foreign Exchange. The foreign exchange market opened
firm, but it gradually grew easier, influenced by offerings of
finance and
f security bills and by a light demand for
remittance; closing prices were about the lowest of the week.
To-day's (Friday's) nominal rates tor sterling exchange
were 4 843<(54 85 for sixty day and 4 87@4 87i^ for sight. Today's (Fnoay's) actual rates for sterling exchange were 4 8385
(34 84 for long, 4 f-C05@4 8615 for short and 4 8635@4 8645
for cables.
Commercial on banks, 4 8330@4 8360, and documents for payment, 4 82^@4 83^. Cotton for payment, 4 82J^
@4 83; cotton for acceptance, 4 8330@4 8360, and grain for
payment, 4 83^@4 83%.
To-day's (Friday's) actual rates for Paris barkers' francs
<
were
for long and 5 16%«t5 16;?^ for short.
marks were 94 15-16(3)95 for long and
96^8@S5 7-]6 for short. Amsterdam bankers' guilders were
4011(340 1 16 for long and 40 5-161(340 516 for shjrt.
Exchange at Paris on London to-day, 25 f. 14o. week's
range, 25 f. 14 c. high and 25 f. 12 c. low.
The week's range for exchar ge ratts fallows
19^
5 19;^3t@5
Germany
bankers'
:
-Long.-
-C»blu.-
-Short-
BUrling Actual—
Hl(%... 14 8420
9 4 8430
9 4 1-4
Low.... 4 8385
I
I
I
4 8S50
4 8Q05
94
»4
eie"**
Jl6»e*
9 5 16Vt
9 6 16»8
4 8686
4 8635
8660
8615
4 87
4 8645
PwrU
Banic*rt Francs—
High... 15 !*•'«
@ 5 18V
•a> 519*8
Iiow.... |5 19^'
OsnMan- Bankers' Marks—
94 » , -a> 95
High...
94"i,
®
4011
9
I
I
I
e5\>t
I
9o
96»8 *
Avutsrdam Bankers' Ouildsrs—
« 401,9
High...
4011
406i«
I*W....
Low.. ..
Less
I
I
I
ol
• lis
1%.
t
I
I
40ii8
ig* ot
9
9
951q
95^18
9
9
40»iB**
I
40»is I
1%. **t«otl%. Pins: 1IiisOll%. ••i8iOll%.
40»ia1
The
fo lowing were the rates for domestic exchange on
york at the under-mentioned cities to-aay: Savannah
buying 25c. per $1,000 discount, selling 37J^o. per $1,000
premium; Chnrleston, buying par, selling 25:^. per $1,000
premium New Orlpane, bank, 50c. per $1,( 00 premium;
commercial, par & 25c. per $1,000 premium; Chicago, 15c.
;
per $l,00i) premium; St. Louis. 25c. per $1,000 premium;
San Francisco 5;;, per $100 preminin.
State an<I Rnllroa*! Bo ikIh.— Sales of State bonds at the
Board are limited to $5,000 Tennes-see .settlement 38 at 94.
The volume of business in railway bonds has been small,
the transactions averaging only a trifle over $.',' 00,0f'0 par
value per day. The market has had a tendency to weakness, altlioui^h much less irregular and depressed than the
for stocks.
InUrut Juty
Ptriods
Sa,
3b,
ta,
ta,
8a,
8s,
8a,
88,
is,
ia,
is,
is,
Is,
6s.
registered
1980
1930
ooupon
1930 .smaJ.reglstered
ooupon
1930 .small
registered
1918
coupon
1918
1918, small.reglatered
ooupon
1918, small
registered
1907
ooupon
1907...
registered
1926
ooupon
1926
1904
1904
registered
coupon
This IS
the pnoe Did at
lb
July
20
July
VI
July
42
July
23
24
Q-Jaa
Q—
•106=8 •loei^ •loe"^ •lOetfe •10608 106»»
Jan *106»» *106«8 •106'^ •I06«8 MOei^ loes
1
Q-Feh *i07»«' *i07»4
Q-Feh -108S. •108S
Q-Feh •««>>•
Q-Peb •106H •ibe^
•ib7»4 *\6'i\ 'iW\ •107H
•IOSHj •1C8H. •108 >« •lOSH
•i06»i •IO6H1 *106Hi
•111
•111 •111
•111
•111
111
Q-Feb
•134»« •184<4 •134>« •134'*
Q-Feb
•136 >, •1354 •135's •iseia
Feb *101»4 •101»4 •101»« •101», •101>\i
Q-Feb •108 •103 •1(3 •108 •103
the morning board; no 8»is was made.
Q— Jan
Q— Jan
Q—
•111
•111
•184>a
•136 >«
•111
•111
•ibeii
•111
•111
*134k
•1361,
•101«l4
•103
Railroad and JWiscellaneons Stocks.— The stock market
much less active than last week and decidedly
irregular. Liquidation was renewed on a fairly liberal scale,
in the course of which a long list of active railway issues
sold from 2 to 5 points below last week's closing prices. The
t ne of the market for railways improved on Wednesday,
and a part of the decline noted was recovered.
Selling
pressure appeared again to-day with increased force. In
many cases new low records were established, but a sharp
rally at the close carried prices up an average of about two
points from the lowest. There has been practically no exception to the general trend of the market, the changes in
has been
quotations differing only in degree. Some of the Southwestern issues, including Mexican Central, ^t. Louis & San
Francisco and Rock Island, were leaders in the downward
movement, and th last-named, slow to respond to the reactionary tendency, close with a net loss of 7)^and 6 points
for the common and preferred, respectively.
The sensational features of the
irket are found in the
list of miscellaneous and industrial stocks.
New York Air
Brake led with a decline of 29 points, less than 3 of which it
has recovered. Colorado Fuel & Iron follows with a loss of
nearly 14 points, and Tennessee Coal, Iron & Railwaj" has
declined nearly 10 points. The Dnited States Steel issues
were under special pressure early in the week, and again today. The copper stocks were conspicuous, Anaconda having
declined from 84 to 64 and Amalgamated from 493^ to 35?^.
General Electric declined 12 points, a small part of which
it
has recovered. American Sugar has been relatively
steady, covering a range of less than 5 points.
For daily volume of business see page 187.
The following sales have occurred this week of shares net
represented in our detailed list on the pages which foUow.
m
C5TOCKS
Wt«K Ending July 24
dales
for
AJIls-Ohalmers Oo
Preferred
Am. Steel foundries
Am Telep & Tel rights..
Amer Tobacco, pref
Oleve Lor 4 Wheel, pref.
Conimerolal Cable
Diamouil Match
600
7(1
100
Preferred
Ft Wayne
United Fruit
&
Jai^> 1.
11
ly2
82
11
11
J 'ly20
J ly 20
l]38J'ly23
J'ly20
6W
10 J'ne 38 F«fe
80 J'ne 87>aFeb
10 J'lyl 20 Jan
6 J'ly
6<«J'lT
6%J'ly24
ly 20
2o0 188 J'ly20 188 J ly 20 138 J'ly 169 Feb
40U 70 J'lyai 75 J 'lyl8 70 J'ly 97 Jan
10 166 J'lyJO 155 J ly 20 l^o J'ly' 176 Jan
37 l»3 J'ly21 li(4 J ly 2(1 132 J'ne 140 Jan
lyvi4
HiO 65 J'ly2l 65
eoViJau V2 Feb
100 98Sia'lyl8 98 St J ly 18 98 "n J'ly 101 Jan
1'74
dOsJ'ly 65 Mar
eO'sJ'ly21 61 J ly24
ly22
22 J'ly 36 Mar
750 22 J'ly2i 27
2:<
ly
47 Jan 60 Jan
300 47 J'ly23 47
Homestake Mining
Nat BDaiu <fe -<r»mp
i--it8b
Bangs since
8lWly20
1,611
(general Chemical
New Central Coal
N Y l)o<«, pref
Sange for Week
Week
45
33 182
100 99
3S
Chic
J'ly20 45
J'lyaa 182
J'ly23 99
'ly20
4434J'ly 67
J'ly 191
ly22 182
'ly
23
99
—
J'ly
Feb
Feb
llO>«Feb
In sympathy with the general slump in
Onti^ide Market
prices on the Stock Exchange, the market for unlisted securities this week experienced some very sharp declines.
The feature of the trading was a sensational break of 46^^
points in Standard Oil stock. The initial transaction was
on Monday at 641 J^^ from that figure the price declined almost steadily and to-day reached 595. Northern Securities
stock has been consideiably less active this week, total
transactions amounting, it is estimated, to only about 10,500
shares. The price movement has been decidedly irregular,
the stock advancing 1^4 points on Saturday to 91 3^, then reacting on Tuesday to 88^ and back again the following day
to 91; to-day it sank to 86i^ and closed at 86^4. Seaboard
Air Line issues were weak; the common lost 1% points,
the preferred declined
to 191^. but closed at 193^
from 353^ to 34, and ended the week at 34^4.
Aujerican Can shares were severely depressed, but
The common moved
recovered somewhat late to-day.
down from 4% to 3)^ and closed at 3^; tbe preferred dropped
61^ points to 35, but recovered to 38. Ohio Elevator common fell off 6 points to 29. Manhattan Transit declined
from 2Ji to 2^. Hackensack Meadows, which last week
sold at 75-^, fell off this week to 4, then moved back again to
Iron gained
53^ and to-day dropped to 3. Seaboard Steel
a point to 18^54. The shares of the United Gas <fe Electric
Co., the new company which is being organized for the
purpose of acquiring the Bay State Gas Co. of Delaware,
were truded in 'when isbued" for the first time on Tuesday;
the price advanced f rom 1^ to 2%. Greene Consolidated,
which has been the feature of the copper gr mp, advanced a
point early in the week to 213^, but subsequently fell off to
19. Tennessee declined 4 points to 24)^
and clo.-ed at 25.
Outside quotations will be found on page 187.
;
;
New
market
T .XXVII.
follounng.
WALL, STREET. FRIDAY. JULY '^4. 1903.-3 P. (n.
Tke Monej Market and Financial (iitnation.— The general tone of the security markets this week is similar to that
July 18
[Vol.
Onited States Bonds.— No sales of Government bonds
have been reported ai the Board this week. The following
are closing quotations; for yearly range see third page
pofft ijS.
HEW TORK
W
UMKUWlULii.
rilJS
&
.
New York
Stock
Exchange— Stock
Record, Daily. Weekly and Yearly
TWO
0<'i;|II'YIN«;
STOCKS— HianEST AND LOWEST SALK FRICKX
biitvrtiay
Jvlit 18
•.".0
S3
•tit I
l>5
*30
'm
05^8
8134
5-2 "2
July
•30
?59
30
33
59
•60
63% 64%
".i
83a»
8734
8134
88 V!
83
Tliursiiii
35
65
87
89
V;
82%
I,
-i-f
I
.S(I /<.'!
01
J\an(/« for Year 1903
basis 01 100-sharelot,
35
65
62% 64 '4
89
87
8334
80% 82%
89% 90 Lj
Arbor
Ann
Do pri't
Atoll.
Topeka
Week
Slinn
Do
8734
50
Sauta Fe. 213,280
&
13,937
114.767
]iref
Baltlmoro.fc Ohio
V3
Lovjest
Mny23 41
33
60
62%
J'lyl
J'lyl
•-'4
"-^
6('. v.
>12(l
134
IT V
•86-S.
34'.
141
25I4
6612
,
174
173,
89
75
36
143
174
164-4 165>4
12
180
ISO
12 "^
20
'2\^2
n70
4»2
41-.
76 V 76^4
•100 115
>
u
-J
14»4
{do
53
23 ^V, 23%
168 v 168»a
'•245
265
26
26
•7S»
80 •«
37
3S'4
V2
12
21
21
172
72
10
lOHi
14'4
14
30 •V 31%
66 4 67 ><
63
o4>«
61
61
-•64
90
•60
60
i-i
188
k78
86
:'
22
(^38
\
78
86
131
22 >«
39
35
71
(•27
i,71
21 H; 21»s
39
40
29
29
•46
66
•26 Si 29
97
97
•
•62
70
il07 107'a
;183 133»«
•76
78
fll8Hil20>«
75
100
14Vt
76Si
115
14>4
63 "a 63 "^
•22Sj 23 Si
165 168
235 238
25
25%
*78Si
37
80
37
74
100
13
60
2134
166
10
18
6934
•934
132
•84
•60
•170
79
'80
128
•22
37
•23
90
60
180
79
87 Vj
130
22 V:
3734
30
2834
29 >4
•45
65
26
97
26
97
•60
25
20% 20 Vj
•116
77
•18
•82
•76
70
•90
90
60
176
12
•75
85
12
•20
•45
•27
95
'75
•25
100
•20
•82
•75
•68
25
85
80
70
95 100
48% 50
60%
81
81%
•M'i
29Hi
68
25
27
66-.'
67 "n
65% 66%
10
•40
•IP
la
20
•10
•40
•19
193,
80
4934
•81
66'-
82 >»
6a
10
50
2234
20%
166
&
.
161
164
239
•934
10
90
60
12% 12%
30
55
30
95
68
Si
12
"20'
Delaware & Hudson.,
24% 24%
79% 79%
•80
•50
79
87
128% 130
•21
22
•36
38
•27
37
67% 70
ni5
40
24
85
80
70
100
168
240
13%
53
230
235% 241
elaw. Lack. & West'n.
24
24% 21 v> 2334 Denver <& Rio Grande
79% 79% 77% 78%
pref
37 38 •37 39 3534 37 DesDo
Moines & Ft. Dodge
10
10% 10
10%
9
10 Detroit South. vot. tr. ctfs
18
18
17
17% 18
17
Do pref. vot. tr. ctls.
•68
71
69% 69% •69
69% Detroit United
240
10
10
•80
•50
176
135
27 Sj
112
•70
70 73
•194
194 198
23 14 23^8
22% 23 14
63^4 64 Hi
62% 6334
•88 Si 89
*88
91
•50
53
48
48
*90 102
90 105
61
61
6O34 61
121 1« 122
120 121
•10.i
6934
22%
10
9
934
•75
•84
80
•50
'174
12
*75
•84
90
60
180
*80
50
173
26% 26% 26% 26%
95% 95% 95 100
Ft. Worth<feDen.
•61
67
106% 105% 108
60
•20
*oO
23
67
20%
Green Bay& W.,deb. ctf.A
Do
73
76
84
73
135
78
•115
Kanawha <&
74
B
68
20
Michigan..
30 May22
71 '4 J'ly 24
20 ll3'8J'ne
15,250 10 J'ly 24
1,990 50 J'ly 21
2.100 20% J'ly 24
4,120 161 Apr 14
2,900 230 J'ly 24
3,480 2 1 % J -ly 24
1,S66 77 Vj J'ly 24
500 37 Apr 14
2,180
9 J'ly 24
900 17 J'ly 24
595 6434 J'nelO
9 J'ne24
1,085
1,120 12 J'ly 24
151,100 27 % J'ly 24
53.677 62 % Apr 13
19,960 44 J'ly 24
1,100 58% J'ly 22
85 Apr 15
100 50 J'ly 24
200 173 J'ly 24
77 Marl2
24 1134 J'ly 15
850 73 J'ly 24
900 84 J'ly 24
22,413 125% J'ly 15
1,765 20 J'ly 23
2,200 32 J'ly 24
30 J'ly 13
4,200
3457 67% J'ly 21
C.Ft.S.<fcM.,tr. cts. pfd
So. vot. tr. ..
18
800 37
900 2334
48
Kansas City
2,400
Do pief. vot. tr. ctfs.
37%
29% Keokuk & Des Moines.
Do pref
55
28
95
59
62
23
65
Lake
Do
Erie
400
pref
Shore
<fe
._
Mioh. Sonth'n
Long Island
600
Louisville
& NashvlUe.
jyianhattan Elevated.
36,845
26,678
iTAetrop. Secur., sub. rec.
981
14,074
Metropolitan Street....
Met. West Side El. (Chic.)
Do
70
Minneapolis
53
121
pref
Minn. S. P.
Do pref
24
24
20
963,
60
J'nelO
10134 J'ly 24
129 Vj J'ly 15
70% J'ly 24
114 J'ly 24
22%Mayl9
Jan 20
J'ly 24
300
J'ly 24
May20
08
.__
108
Ft'
92
5 13,
150
160
110
13334
112
71
SSVjJaii
46% Feb
183% Jan
194 '4 Jan
224i.2J;'n
I3;l
55
64
123
120
55%
124
62% 63%
60
121% 119
121
& S. S. Marie.
Kansas & Texaa
'4
Hiyliest
4834
77%Maj
Dec
Due
Nov
Apr
Apr
1 1
8
Si
99
1
Bid
Ask
Banks
City
Colonial 11
Bid
Atk
t268
1, ... 525
550
... 405
Amer Kxch..
245
Columbia .. 375
•• •
Aator
750 1000 Commerce... t335 t340
Boweryli
370 390
Consolidated 185 190
'Buich'8 <fc Dr 150 165
C'ruExchgel 375 400
'Central
160 167
East River.. 160
Century T,.... 175
Equitable ... 90
95
Chaae
700
Federal H
tioo
Chatham ... 340 360
Fideluyli
190 200
CbelseaExei;
Fifth AveH.. 3700 4100
Chemical .... 4200 4300 Fifth
375
Citizens'
180 190
First
1625
• Bid ana assea prices; uj saies
ware madd oa thia
1 Siale at Stoolc Exchange or at auction this w«eE.
America
Tl
Banks
Gallatin
410
Gansevoortii 140
Gartield
500
German Ami 160
German Exi 400
Germanial]
Ask
Bid
14th Streets. 270
Fourth
200
..
300
220
420
170
i
Sep
45
Jau 145 14 Sep
Doc 97 May
1
Ask
153
Leather Mfr. 300 335
Liberty
600 650
Lincoln
1000 1050
Manhattan!]. 325 340
Market <fcFul 240 255
Mechanics'
250 270
Mech & Trail 150 160
Mercantile.. t259
.Merch Eioh. 165
175
Slerchants'.. 175
185
MetropnewV 400 500
Mt MorrislL. 200 225
Banks
MutualT]
Nassaull
Bid
290
....
180
68 Xov
136% Sep
22 Dec
89 Nov
81 S2 Dec
33 Doc
7 160% Jan
9 186 Jan
14 204% Jan
'.2
79
151
35
Aug
95% J'ne
90%J'na
5134
19334
1.
J J
1
Aug
Sep
20034 Sep
171
Apr
Jan 8 230
Jan :74V2Apr
Jan 206 Sep
Feb 170% Apr
162 J an 21 140
194 Jan 5 194% Nov 210 Apr
19% Jan 9 15 Doc 24% Aug
36 Jan 8 29 Dec 44 Sep
17V2Janl
1034 Jan
23 Apr
5934 Jan 14
4434 JIar 60 Apr
9933 Jan 6 93 Xov 108% Aug
119 Jan 27 118 Jan 124% Sep
31VjJan 10 14%Jau 3534 J'ly
72 Jau 9 59% Jan 79VjAug
48 Jau 8 28 Jan 53% Sep
.'50
9 152
183% Feb
276% Jan
43 Feb
90% Feb
153 V2 Nov 184 V2 Jan
Nov 297 Feb
8 231
35 % Doc 5134 Aug
9
9 86 % Dec 9534 Aug
35 Dec 53% J'ly
8
2
Jan
Jan 2
3934 Jan 2
90 Jan 6
19% Feb 16
2939 Feb 16
42% Jan 9
74 Feb 5
47
'4
13
26
75
10
•2038
64% Feb
72% Jan
Feb
Dec
J'ne
Jan
18% Jan
28% Dec
60% Dec
41% Dec
6
8
50
25
Sep
48% Sep
97
24
Sep
7534
6334
Jan
Jan
Aug
3534 Apr
44% Jan
Mar 74% Mar
Jan 8 82 May 10434 Feb
Feb 24 30 Jan 67% Dec
209 Jan 22 181% Mar 203 Dec
So Jan 9 70 Jan 90 May
27VjJan 5
9 Jan 29% Oct
106%E'eb20 66 Jan 106 Aug
99% Mar 2 81% Jan 9838 Dec
151 Jan 10 137 Jan 173% Aug
43 Jan 12 35% Dec 5134 Aug
91
7434
65 Nov 9038 Apr
33% Jan 50% Aug
75 Dec 88 Aug
19 Jan 39 Aug
44 Jan 6234 Apr
773i,Janl2
47 % Jan 6
8234 Feb 26
36% Jan
12
61 % Jan 22
40
Mario
Apr23
Jan 8
Feb 6
Jan 5
83 Jan 7
130% Jau 8
155% Jan 14
128% Jan 6
142% Jan 6
38 Jan 8
88 Jan 20
29 Mar23
135 Jan 15
110 Jan 9
118 Feb27
79% Feb lb
13
45
40
120
325
Jan
Jan
Dec
35
35
89
1
41
84
Ask
•
••••
190
Feb
Oct 174
Dec 43
Feb
Jan
Apt
91% May
159% Aug
158 Nov
134% J'ly
Mar 9134 Mar
20% Dec 31% Mar
Apr
Apr
113%Jan 12734 Apr
36% Jan 84 Nov
§150 Mar 192
105 Jan 115
90 Jan 139 Sep
22 % Dec 3534 Sep
51 Jan 6934 Sep
9634 Mar 125% Sep
80 Jan 122 Apr
cl4 Dec 2134 Sep
45% Mai
168% Jan
57% Aug
124% Jan
100 Aug
255 Apr
25% Dec 37% Sep
3134
Dec
147 Nov
40 Nov
110 Si Nov
80 Nov
209 % Jan
55
90
65
Jan
Feb
Dec
100%Jan
72% Dec
147
8O34 Oct
98 J'ly
81 % Sep
106 Mar
8434 Sep
Jan 170
Banks
Phentx
,
Plazali
,
Prod ExchU
RiversideH
..
Seaboard
Second
Shoe & Leth.
312
North Amer.
225
Statell
Northern.... 150
Orientalll.... 245
170
34th Street..
12th WardH.
255
23d WardH..
476
300
Sep
Nov 47% Apr
71 Feb 85% Sep
80 May 93 Sep
80% Jan 105% Sep
113 Mar 128 May
52% Mar 78% Sep
79% Mar 90% .Sep
60 Jan 80% Sep
33% Dec 50% Dec
71 Nov 85 % Not
64% Dec 125 Apr
10 Dec 24% Aug
4934 Dec 81% Sep
24 % Nov 42 Sep
30
York... 300
19 th WardH. 150
200
Sep
Apr
71 % Jan
Oct 138
340
Apr
72% Nov
102% Jan
128 Mar
109% May
New
Park (new).. 460
People'sH
280
J'ly
J'ly
200% Jan
550
New Amster
New York Co 1500
X Y Nat Ex. 250
Pacitioll
Jan
42% Dec 57 Vj Sep
29 % Dec 45% J'ly
United.......
VanckH
iu.ifei.
1 ^.c ri.;.ii,-i.
.ii ice ijiais.
a iix; dividoud aud ngUM. b Xe\v .stoclc.
c Includes, prior to Jl.ty 17, dealings in old Mex. Nat. trust receipts.
Oo. certiticatea.
§ Lidss Dii-iu
Frost
Bid
.
625
Green wichU 6300 31(5
HamUtonfl .. 170
Hanover
575 600
650
I mo & Trad. 625
235
Irving
Jay.
Banks
JeffersonlJ... 150
Sep
Sep
72% J'ly
28 An*
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
SBW YORK
Mm
l'"ob
Jan
Xov 198
11! 5
Apr 16
2,870 49%J'nelO
1,000 109%J'ne 2 132%Febl7
19% 20% 19% 20
1334 19% Mo.
7,100 18% J'nelO 30% Jan 5
19% 1934
3834 40%
3334 40%
Do pref
6,275 37 J'ly 24 63%Febl0
37
38
39% 40
97
97% 99
142,425 95%J'ly24 115% Feb 10
9634 98
^S^B
9538 98 S; Missouri Pacific
95 100
•94 100
•94 100
90
Chatt.
300 90 J'ly 24 114 Febie
&
St.
90 Nash.
Louis
19
•1734
19
at. of Mex., vot. tr. ctfs
1734 18
650 17% Mar 9 2434 Mayl3
•37
41
Do pref., vot. tr. ctfs 2,750 34% Mar 2 47%May27
38% 39
36% 38%
116%118% 118 119% 117%119
116% 119 N. Y. Central & Hudson.. 102,835 112% J'ly 15 156 Jan 10
25
24% 25
24% 24% 24
21% 22% N. Y. Chic. & St. Louis... 2,200 21% J'ly 24 45 Jan
Do Istpref
105 J'ly 15 .18 Jan 16
103 118 102 115 •102 118 *103 115
•62% 67% 65
•65
•64
65
Do 2d pref
70
"ioo 65 J'ly 23 87 Jan 19
69
194
198 §194 195
193 198
165 n87%May25 125% Jan 9
194% 194% N. Y. N. Haven & Hartf.
22% 23% 22% 23
22% 23
21% 22% N. y. Ontario <fc Western. 27,080 21% J'ly 24 35% Feb 5
63 %
6 134 63%
62% 63% 62
16,840 58 J'nelO 76% Feb 10
60% 62 Norfolk <fe Western
88 91 *88 91
Do adjustment, pref.
91
100 86% Apr 17 93% Feb 2
88% 88% •88
44
48
43
45% 46% 43
4o
45
Pacific Coast Co
2,850 43 J'ly 21 72 Jan 10
•90 100
•90 105
•90 102
Do Istpref
•90 100
98 Jan 5 100 Feb 13
•60
60
60
60
Do 2d pref
60
66
55
69
1,300 55 J'ly 24 76 Jan 28
12034122% 120% 12234 11934 122 Pennsylvania
120% 121
231,1.35 .18% J'ly 16 57% Jan 10
Full paid receipts
11338 J'ly 1.5 .25% J'ly 8
•15
20
20
20
18
20
15
15 Peoria <fe Eastern
800 15 J'ly 24 39 Jan 8
-80
80
80% 80
79
79 Pore Marquette
1,210 78%Aprl4 91% May 7
75 80 •75 80 •75 80
•75
Do pref
80
•65
•68
Pittsb.
Cin.
Chic.
70
70
63% 69
64
70
<fe St. L.
500 60 J'nelu 94 Jan 7
96 102 •90 100 100 100 *90 100
Da pref
100 100 May21 115 Jan 17
61
48
43% 49% 49
60% 46% 4834 Reading, vot'g tr. ctfs.. 319,420 41 39 J'nelO 69% Jan 2
•79
1st pref. vot. tr. ctfs...
81
81
81
80% 81
81
81
1,740 80 % J'nelO 89% Feb 5
2d pref. vot'g tr. ctfs.
J'nelO 81 Jan 6
67% 67% 67% 67% 67% 67% 66
66
.3,500 60
24
26
23% 2534 20% 24% Rock Island Company
25% 25
268,871 20 % J'ly 24 53% Jan 9
Do pref
64
65
64
65% 63% 65% 61
64
12,300 61 J'ly 24 86 Jan 9
Rutland, pref
55 Apr 6 72 Jan 28
10 12
•9
Joseph
<fcGr'd
MO 11
10
10
Island.
300
11 St.
9 J'ne 9 15% Jan 2
•38
•38
Do Istpref
40
40
38
40
36
37
600 36 J'ly 24 58 Jan 5
•18
•18
Do 2d pref
20
•17% 19% •16
19
15 May23 24% Jan 19
18
63
122
9-.'-%
01
Feb
Feb
Kebl
78VjJan
190 Jan 1
53% Jan 1
37% Jau
73 '8 Jan
138% Jan 2
29% Jan
90% Jan 1
1
74% Jau 96% Sep
95 u Jan 106% Sep
71%Fobl
15 §55
2534 J'nelO 53
94 J'ly 24 118
334% Jan 6 334%
88
St. Louis.
<fe
Do
J'ly
J'ly
J'ly
J'ly
113,792 11
12 102
pref
Mexican Central
Michigan Central
68
"906
& Western...
19
11
135
77
otf.
Valley
owa Central
Do pref
20
34
•67
18
37
29
*45
•26
94
61
deb.
Hocking
Do pref
12934 Illinois Central
84
128
20
32
18% 19%
19% 20
•115
135
80
C.stmp.
Great Northern, pref
li.
67
Atl
<fe
50
173
12%
79
79
87
87
129St 131
128% 13034
22
22
20
22
36
36
37% 36
•25
•25
30
30
68
69% •67% 69%
2234
22
20% 21%
•39
39
40% 38
•20
20 30
30
•45
•45% 55%
55
&
Duluth So. Shore
12%
Do pref
29% Erie
67%
Do Istpref
48
Do 2d pref
59% Evansv. Terre Haute..
90
Do pref
10534 106^4 105
105% 107% *10134l03%
13134 133% 132% 134
131%133% 131%132
131 133%
-7534 78
75
76% ?76% 75% (!71% 71% 70% 72%
11734
116
116
117%
115%117%
114 116
m^iiig
118% 116% 117S2
26
116
75
198
39
11
19
52
Bo prof
Oleve. Cin. Chic. & St. L.
Do pref
13 Colorado
So., vot. tmsl
5134
Do 1st pf vot. tr. cf s.
20%
Do 2d pt. vot. tr. ctfs.
71% 74
75
115
•12Vi
63
70
'19\
•3^
167
69%
2034 2034
40% 40% •39
40%
20
7012
21»4
06
66>^
63
54
•124 127
122 124
20 Si 21
19% 20
42
43
41>4
40
9i'^»100»j
96% 99 14
*95 100
95
95
II7I4
22%
51
22
166
76
•100
13
52
22
165
14
n4% 14% 14% 14<4 12
30
30% 29% 30% 29% 30% 29% 3038 27%
68% 6534
65% 67
66% 68 '4 67
651a 67
47% 50% 44
51
51 S;
53% 49% 51% 60
•69
•58
•68%
59
60
59% 58%
59% 60
"s
{
J20-8 20 »B
100
13% 14
24% 2434
78% 78 V.
•19
•62
tl32
noo
23yVj23i)V2
37%
•liv, 12H?
•20
22
71V, 71>a
•934 10
13 14Vj
73% 77%
74
115
14
60
33
63
2
1_
J'lylti 103VjJanlO
79%j'nelO 104 Jan
,
•ISO
Jan
87'
'.1
»i
Lowest
Janl
69
89% Jan
tor JPreviov^
Year (liXK'
Highest
c'fc
I'J-J V 123%
•60
62
lo;; ^ 163 V
34 - 35 ><
Kange
On
Un ilron«l!t.
30
60
63% 65
82% 84
r Ida
Julij
•30
•60
64% 65%
88
J-
'I
July J3
-iJ
iT()<;ivs
N'KW YORK STOCK
KXCHANCit;
90 Vi 91%
9134 9134 •90
92
1,740 89V2J'ly2
Do jirel
112,267 41 J'ly2
47% 48% 46
43% 41
45>4 Brooklyn Rapid Transit
45% 48
4t>
61S.
135 143 •135 145 •135 145
124 Jan
Biillalo Koch,
Pittsb'g.
'14.1
156 145 156 •145 156
100 145 Jaul
146 14 5
Do pref
121% 12234 11934 123% (laiiailiaii Pacillc
51,200 ll7%J'iielO
121 122 s. 121% 122% 121% 124
60 i» 60 '4
60% 60% 60% 61
60% 60 '4 'auacta southern
1,000 60 J'ly 1
61
61
'157 160 Central of >fow Jersey...
159 159
150 160
163 163
350 159 J'ly 23
'155
161
3334
3234 34
32
31
18,075 31 J'ly 24
32%
33
34% 3234 33%
C'lie.sapeake c& Ohio
24% 21% 24 '4
24
24% 24
2434 2134
19% •» CliieafjOifc Alton
6.126 19% J'ly 24
61!
66
66^4
65
65% 66
65% 65 't 65
3,050 65 J'ly 24
66
Do pref
•110 134
'100 lOO-ij Cliicjiitocfe East. 111.. pref
•120 134
120 134
128% J'ly 13
120 134
16''8
17
16% 17
16% 16% 16
14% 16% Cliica«o Ureat Western.. 25.300 14% J'ly 24
86''8 86%
86
320 86 May 28
•86% 89
{87% 87%
86% 86 Vj
JS6
Do 4 J), c. debentures
'72
•72
"72
74
73
73
74
74
74
140 71 iluy26
Do 5p. c. pref. "A"..
33
33
33
l.sio
34
34
33
33%
32
:!1
J'nelO
34>4 341,
J
Do
J), o. pref. "B"..
'4
13il34 141 7g 140% 141*4
141% 14234 140% 142% 137 '4 140% Cliicaffo 4MUw. <fe St. Paul 234.120 137'4J'ly24
V2
•170 177
1723, 177
172 172
a72% 172 170 1 70 '4
1,148 1611 J'ly 1
Do ]>ref
162Vj 164
162 164% 161 164
160 162 Clilcaso & Xorih Western 1'2.290 160 J'ly 2 4
loS** 165
•200 200
200 198 J'ly 10
203 203
Do pref
§142 142
112 147 J'ly 20
147 147
Chic. Rock Isl'd <fe Paclttc
•120 130
120 130
120 130 Chic. St. P. Minn, cfc Om.
120 130
117
120 130
J'ly 14
•170
'170
170
180
180
180
170
180
190 May 11
170 180
Do pref
12
10% 11% 112
12
10% 11 Cliicijro Term'l Transfer.
3,025 10% J'ly 22
12% 10% 12
2034
20
20
19
21%
20% 18
20
21 Sj
5,150 18 J'ly 24
19
Do pref
•5% 4
4
4
900
3
Moy23
4
4
4% 4%
•SHj
4 Chicago Union Traction.
•yi
's
Weiliusnay
'I
July 21
33
65
65
88
SS
51
T'leiUa
Monclav
July 20
»*A<JK"«
.
XUA«
—
bOUUlU—"Ajonciuaea
hJbUV/A.
XI
STOCKS— HJOUEST AyO LOWEST SALE J'RJVES
Saturtiav
July 2S
Jlondav
July 20
'•'^s"
55
•110
06
loO
17
1434
S3
32^
47S.
2-"8
86
S«}
44-3
21»8
853«
34 "-J
46K,
•Jtj>s
'IIJ
•-'7»s
114
23
323* 35
97
i>7
Itt^*
'14!>
lji»
•!
76 '8
{86 Hi 86 >v
'
15\s
46V,
2'2^
'
lj>-i
4ilV.
25»4
112
21
32 Hi
tui
•149
75 Hj
86
15 Vt
22>-.
85 "s
85\
4(il4
46V»
•!t>i4
21%
217g
38H2
187?
2-'=>8
39
19
501*
19
504
•31
2934
30 Hi
{873<
873*
33^^
33 's
•86
91
•25
35
190
J 190
•8
10
Hi
ISH:
36-'^
393t.
S7Hi
1818
50 Hj
«27
16
36 Ha
•221
3234
8(i2
33
91
35
190
11
4
25
32
•86
•25
178
•8
*4
•15
75
48
158
50
158
14%
44%
46>4
43
45%
21 14
23
20%
39%
»5
Sti
86
2134
8534
20
84
46Ha
22
*22l
45 14 46%
33 Ha 34 Hi
86
•S6
•25
178 •175
•8
9
4^8
4
•15
23
35
185
10
4
91
35
36
91
22I4
19% 20
28
30%
96
149
75%
?S5
•15
47
2078
o^^i
225
•85
*31
22I4
•18
50
•29
16
38 %
38%
1434
3234
26 >4 2634
111 115
Ha
16%
•50
3218
170
'xib
813i
181,
461*
51
•221
3:3934
V6
159
16 '6
86
IS
13%
30
115
19%
IS
27
14
34% 36%
12
50
46
• 28
15
48%
31
1734
15
17
38 %
3534
37
4534
221
225
3534 41
30
32
83%
85
2934
32%
90
35
185
10
*S6
25
100
Do
2(t inof
l.coiii slock tr ctls
cr.<.
pref.
J-hird
Avenue
St
l,owest
Highest
6334 .Vprla
Oil
% Feb 24
7i32V
36,86(
3,350
13%.F•ly
30
Feb 20
Feb 24
66
Jan
7
68% Marl9
J'lyJ4 36% Jan 9
89%,T']y2.l
20
84 .yiy24
85 J'lieK
24%,l-lv24
16,0(H
*
9(;
Feb
9
27
48 Jan 8
122% Jan 23
155 J'ue 2 159 Jan 12
313,105 72%J'ly24 104% Jan 9
739 85 J'lyl5 95% Feb 11
UnitUyslnv'lof SauFrau
301 13 .I'ueU 22's Jan 13
Do prof
2,100 44%J'ne24
12,7S(
2,405
.I'ly24
8734 J -ue 2
WaUash
10,23t
1934.j'nel0
3234 Feb-^7
pref
Wlioetmp & lyako Erie...
Do 1st pref
Do 3(1 prof
,
Wisconsin Cent. v. tr. cfs.
30,980
34%J'ly24
55% Feb 24
13
.I'ly24
46
.I'ly
'»
Do
Do
3,8
U
1,200
400
9,690
3^315
pref. vot. tr. ctfs.
Highest
bo'.t J;in
85% J'ly
77
Dec
90
J ly
65% Dec 80%Jly
Doc 39 Aug
55% Mar 80 Sep
81% Sep
28 Dec 41% Aug
8934 Dec 98% Apr
90 Maj 93 Nov
37 Dec 5434 Sep
122 Jan 134 Feb
33 % Nov 38 Sep
''4 ^-
1,-1
J'ly24
Lowest
J'ly 15
96% Mar 3
43% Feb in
500 lll%J'ly21 12S%Jan 2
70t 20 J'ueU 37% Jan 12
9,696 18 .riv2-l 31% Jan 9
otfs...
(N. Y.)...
Liclit
L. ife W. V. tr. ctfs
pref. vot^ tr. ctfs.
Toledo Kailways
Tol.
stinped
lio
Jiange lor i'ear 1903
Hange tor l^eviout
basis 01 luU-share lots
Year (iy02)
On
73 .rivi;. SS
4S J-lyJI 78
525 I51%j']y l.• 170
1st )>rof
C.&E.
LXXVIL
Week.
Shares
28
Do
94% 95% Twin City Rapul Transit.
149 159
Do pref
72% 75% r fnion Pacilio
85% 85% yJ Do pref
19
33
34%
85 >4 86
32
32
•86
91
•26
35
178 185
10
4
4
•15
23
Do
Do
M. A 0. stock tr.
24% 26% "Pexas <fe Paciric
111
the
L&S Kr.J PM&CoCtts
203i Soiitheriiv.tr.
3834
225
EXCHANGE
84%
22%
31
Sal f sol
STOCK
[Vol.
:s
14 14 St. 1k)uis Southwestern..
2,65i
31
Do prof
4,60(
43 14 SoutJiern Pacilic Co
159,085
18
441a 46
20
20%
48
NEW YORK
St.
15
3(Hj
44%
"78"
^Yidav
July 2:i
33 Hi
37 Hi
33 Hi 33^8
86
80
2:i
I4I4
80
34 Hi
*'"".'.
15S
31
17
47'4
July
4834
37% 39
225
Thursday
!*T(H'IvS
33
46Ha
2134
50 Hi
33H3
"86
*25
*180
•8
53
170
18 ig
53
30 Hi
17 Hi
44%
"86
"is"
26 "4
25% 2634
lllHjlllHi •111 115
-21
•22
23
25
22
21
21
20
20 Hi
33
30
S3 Hi
1*
2SHa SOio
ii7V
95 Hj 9 5 Hi
95 Ha 9534
•149 159
159 149 159
15I4 76%
77
7o% 77 Hi
S7
S1I34
i85
?86Hi 86 Hi
-15
IJV,
1534 1534
18
38
1233 '4 223 V,
47.»8 49 's
35>2
85
n56
8534
46'4
17
4934
,
2534
26 >4
113
22
32
1S!% 19 14
39 "j!
39
*""'.'.
50
156
I4I4
14
33
S3
44 14 4534
21
21'fi
15
34
46 H.
39 Is 40
•19
"JO
•53
54
JJ't
Julu 22
48
156
160
34»-.>
•15>-:
Wednesday
July 21
"76" 'V""."ii"
48% 55
155
Tu(fsdau
'
ira«e
271-1
Feb
24
2934 J'lyjo
15 a'ly24
62
;^Iiiy2'>
3534J'ly24
55% Feb
9
38% Feb 10
29 % Feb 9
6
35
J
33%^)e.t
4934 Sep
an
Jau 129
jl07
156%.A.us: 159%
Aug
Feb
1)3 % Dec 113%. Vug
SO's Mai 95 Aug
"0 Dec 04 7g Oct
00 Dec 66 Nov
2134 Jan
38% Sep
37 Dec 54 % Sop
17 Jan 30% Sop
49I0 Jan 66 Apr
28 Jan 42% Sep
19 % J an 31 -Vug
39% Jau 57%.^ug
Indiistrinl &; itlUcell
A dams Kxpress
125 §204 Jan 30 235 Feb 11 J198 J'lv S240 Oct
•ii-malgauiatetl Copper... 369,750 3534 J'ly 2J 75% Marl2
79 Feb
American Car & Foundry 18,300 30 J'ly2<l 4134 Jan 19 28% Apr 37% Oct
Do pref
1,325 83%J'ly2.J 93 Jan 6 85% Jan 93% Oct
2i»34 J'ly.M
American Cotton Oil
4,31(;
46% Feb 20 30% Jan 5734 Apr
Do pref
90 J'nelu 98 Feb 13 86 Feb 99% Apr
American Dist.TelegrapIi
American E xpress
American Grass Twine ..
4% Amer Hide & Leather....
26%.rnel0 41i->Jau 2 321" Jau 42% May
J'ly21 235 Feb 5 210 Jan 265 Aug
8%JuelO 29% Jan 7 27 Dec 62 % ug
•
'3>2
4
5
3%
310
3%J'lyl5 11% Jan 2
834 Dec
1334 Oct
•17
•17
15 23
25
23
De pref
23 J'liell 37% Jan
34 Dec 43% Sep
6I4
6I4
7
5
5%
7
6
6H3
5% 5% American Ice
6U 6H3
5 J'ly23 1134 Jan 2
2,720
9% J'ly 31% Jail
2534
25
25
25
25
25
24
25
20% 23
20% 21
Do pref
4,930 20%J']y24 42% Jan 30 32 J'ly
10 lOH: 10 10
10
10
10
*9% 10 American Linseed
9%.May 2 9 1934 Jan 6 14 Dec 28 -A.pr
280
•32
30 14 32 14
36
25 32
32
32
30
30
Do pref
770 30 J'ly23 48% Jan 6 39% Deo 58 Mar
I8I4
19
20
17
20
18
17
16
20
17% 18 14
17
American Locomotive... 11,145 16 .riv24 31% Feb 17 23 % Dec 36% Apr
85 '< 86 Hi
87
84
82
87
82
85
87
86
81% 82%
f)o pref
5,675 8i%J'ly24 9534 Feb 17 89 Jau 100% Apr
•23^
-2 Ha
•2% 4
•3% .4 .American Malting
S^B
4
2Hj 4
2 % Mario
7io.'viay
5 Jan
5% Feb 2 6
•17 '4 20
*17
•17
•16
19
•15
16
19
ilti
18
18
Do pref
276 17 .J'ne 9 24% Jan 10 21 Jau 29 Sep
42 14 43%
42 14 42 ij
41 Hi 42%
4134 42 Hi
41% 43
37% 42 Amer. Smelt'g <fe Ketin'g. 37,090 37%.T'ly24 52% Feb 17 37 Nov 49'8 IMay
•01
92 Sj *91H) 92H2
89 Hi 911s
90% 91
89% 9934
S9
90%
Do pref
7,S75 89 .J'ly24 99% Feb 16 87% Nov 100 'u J'ne
•90 120
•90 120
•90 120
105 105 •100 105
yo 105 American Snuff
100 100 J'lylC 126 Mar 4 40% Jau 135 Oct
91
•85
•88
•SS
91
88
91
*S8
88
93 % 75
93%
Do pref
20U 88 J'lylo 98% Jan 20 85 Jau 101 Oct
113%116
116 1171, 112 115^8 II2I4II4
113% 115% 112% 114 American Sugar lletiiung 60,050 112 J'ly20 134% Jan 8 113 Nov 135 % Mar
119 119
11 834 11834 }118%118% •118 119% 117 118
»118H>120
Do pref
1,126 117 .•ly24 122 Feb 13 115 Jan 122 -\ug
•129 135
•130 135 •130 Hi 135 131% 132% 138 134 Amer. Teleph. & Teleg...
•131
12934 J'ly 14 169 Feb 18 1603iJan 186 Apr
•8
•6
•8.
•5
-8%
11
10
11
8
11
is
9 J'ly 16 14%Feb25
.American Woolen
50
12
Dec 17% Jan
•69
7034
•69
75
70
70
70
70
74
70
69% 69%
Do pref
500 69% J'ly 24 80 Jan 31 73 Apr 80% Sep
81
82
7718 79 Ha
77
70
64
S3
S3
68 Aiiaconcfa Copper
77Ha 78
7,980 64 J'ly -24 125% Feb 25 80 Dec 146 Feb
•190 200 190 200
195 195
»192 200
191% 191%
Orooklyu Union Gas
200 190 J'ly 15 225 Jan 21 210 Jan 253 Aug
•6
-634
•6% 8
7Hi
7Ha
l>runs\v. Dockcfe C. Imp'l
6% J'ly 14 15% Jan 29
'6^i
7»a
7% Dec 14% Apr
•44
*44
46
•44
45
46
44 Ha '44"!^ 44
200 44% J'ly 22 55 Jan 6 41 J'ne 53 Sep
52
50--,
50
49
4914 51Hi
41
5334 54
45% 49
45% ( Colorado Fuel & Iron... 13,410 41 J'ly 24 82%Jau 6 7334 .-Vug 110% Apr
•100
59934 102 Hi luO 100
100
100 Vv Do pref
170 100 J'ly22 122 Jan 3 nso Jau il4() Mai
15
i5»i 16'4
13% 1334 Col. & Hock. Coal & Irou.
15 Hi 0:1334 1434
It's 14%
1,955 13% J'ly 24 22% Feb 18 14% Jan 24% Oct
•15 U 17
185 14 187
18514 186
185 186
181% 183% Consolidated Gas (N. Y.l.
185 188 Hi 1 83 Hi 185
8,211 181%J'lylo 222 Jan 7 205
Dec 23934 Apr
106 106
105% 107% Continental Tobacco, prei
10534 IO634 10558 106'^ 1051*105% •I05I4IO9
1,650 105% J'ly 21 119 Jan 2 114 Dec 126% J'ue
29
30
2834 29
2834 29 14
30
27% 29% i26% 27 Corn Products
29
7,600 26% J'ly 24 35 Mar23 26^4 Dec 38% Mar
•79
79
80
79
{7834 7834 •79
SO
79
79
79'< 79>4
Do pref
724 78%J'ue 5 85% Jan 19 79% Dec 90 Mar
23 14 23 »4
21
22 H.
21
2214
21
20
20% Distillers Securit's Corp. 2,066 20 J'ly 24 3434 Jan 6 27 Dec 33 Doc
•23
21
26
163 I6334 159 164% 155 158 General Electric
165 Ha 168 Hi 163^2 1 65 14 I6OI4I62
9,705 155 J'Jy24 204 Feb 16 0170% Oct 334 Apr
13'8 13H2
13^8 1318
12 Ha 13
13
13
1334 la^j,
Paper
5,090 10 J'ly 24 19% J an 5 16% Dec 23% Mai
,V-'
W" i1 nternatioual
-67
67 68
67
67 'e
67
67
68
•67
65
67
68
Do pref
1,810 65 J'ly 23 74% Feb 6 70 Dec 77% Jan
41
50
45
45
45
45
45
41
41
49
•45Hj
Hi
International
Power
800 3334 Jne 5 73 Jan 19 49 Dec 199 Apr
•45Ha
•37
•
43
40
40 Internat'l Steam Pump..
36
36% •36
43
36Ha 37
810 36 J'ly 22 46% May 8 40 Dec 57%Ma<
•
•
*
76
73%
75 •
74
75
74
74
Do pref
100 73%J'lyl6 89% Jan 12 82 Dec 95 Oct
•8
12
•8%
12
11
9
9
11
9 J'ue24 13 Mayl3
*8Hj
Ha
-Maniiattim Beach
200
Oct 19 Apr
•8H! 12
9
37 Hj 3734
37
37>4
37 '8 37
37% 37
36
37
36% VTational Biscuit
36%
3,000 36 J'ly 24 47% Feb 17 40 Nov 53% Mar
99%101i4 100 100
9934 9934 i~ Do pref
•99 100 H. •95 100 Hi •9914 100 "4
400 98% J'ne 9 106%.Mayll 10134 Dec 109% Apr
I514 I514
15 Hj 15 Hi
15% 15% 15% 15% 14% 15 >f.<1,tional f.pfijl
16
16
2,870 14% J'ly 24 29% Feb 5 15% Jan 33 Sep
•80
81 84% ?83% 83'4 80% 8J
84
85
•84
84
85
Do pref
480 80% J'ly 24 95 Feb 10 78% Jan 96 Oct
130 140
125 133
140 145
12y 130
129% 12934 IIS 127 New York Air Brake
5,357 118 J'ly25 177 Jan 2 148 -Mar 196 Apr
85
83% •81
SO
80
83% '80
83 North American Co., new
82
47934 7934 •80
1,830 80 J'lylo 124% Jan 7 88 Jan 134 Sep
23 Hi
22
21
21% 22% 2II4 22
19% 21 Uacilic Mail
21 Hi
23
24 Hi
5,150 19% J'ly 24 4234 Jan 7 37 Nov 49% Mat
93 14 94%
9314 95
9334 9634
92
94% 96
94 -t eop. Gas-L.cfc C. (Chic.) 23,015 92 J'ly 24 108% Feb 10 98% Jan 109%.Sep
9534 9634
46I4
47
•48
43% 46 Pressed Steel Car
45% 46% 46
434 4634 4 7 '4 45
4,955 43% J'ly 24 6534 Jan 26 39 Jan 63 % Oct
80
85
80
83%
84 Ha 84 Hi
84% 85
Do pret
i84'4 84^4 i85Hi 85 Hi
2,120 80 J'ly 24 95 Feb 20 8234 Feb 96% Oct
201 18 201 Ha 5203 203 14 ^204 204
20118 202
200 201% PviUman Company
•202 205
1,716 196 J'ly 15 23534 Jan 14 215 Jan 250 Apr
•26
2534
26%
26^8 27^8
26
26
27%
27
2734 2734
27 Hi
|.>ailway Steel Spring...
2,200 2534 J'ly 24 37 Feb 9 24 Apr 38 % .Sep
80 14 80 14
80 14
82
IV Do pref
•SOI4 83
80!, 80 14
80
81
84
80
1,300 80 Mayl4 90 Feb 25 80 Apr 90% Oct
12% 1234 12 14 12% 12% 12% 11
12% Republic Iron & Steel ...
13
13% 1234 13
6,830 11 J'ly 24 22% Feb IS 15% Jan 3434 Sep
7070
70
7114
67
67
67% 69
64% 67
72
72
Do pref
12,570 64% J'ly 24 80% Feb 18 68 Jau 833^ Sep
20
1834 20
•20
2018 20 Hi
20
21
19% 21% 1934 21
Rubber Goods Mf g
4,375 1834 J'ly 24 30 Feb 10 17% Feb 25% Apr
74I4 75
*73% 75% 73% 75% 70
74
75
73%
72
J'ly 24 84% Feb 17
72
Do pref
l.OiiO 70
63 J'ly 74% Mai
39I4
3734 38%
33 '4 ^lossSheilield St. & Irou
38
38 Hi
34% 37% 26
38 Hi 39
3d
7,435 26 J'ly 24 73 Feb 25 29% Jan 83 Sep
79
'....
80%
80%
79
7 9
Do
pref
J'ly 24 97% Feb 18
2U0
May 95 % Sep
80%
"3
3" "-2''^"3" "2% "3" ?3
3
134 J'ly a
3
?3% 3% Standard Rope & Twine..
36t)
••J
6% Feb 11
4 Jan
8% Apr
4434
48
41
4534
4114
J'ly
44
39%
42%
37%
40%
Coal,
37%
24
Tenn.
Iron
Mar21
Dec
47
47 Hi
Hi
& RR... 60,080
68%
49%
74% Apr
*30
•30
35
30
27
35
27
27 J'ly 24 4034 Jan 7
30% 30% 30
44% Feb
6 Hi
6
6 J'ly 21 15 Jan 10
1 Inion Bag & Paper
8
IX In Nov 18% Apr
560
i6
•68
68 Muyl4 7934 Jan 8 72 Jan 85 Apr
71
Do pref
"7" "i"
"'226
7
J'ly
7
S.
Cast
I.
Pipe
15
Feb
U.
<fc Foun.
20 10% May 17 Oct
43 J'ly
Do pref
55 Feb 25 42 May 59 Sep
ioi34 ib'134 io6"4 io6i4 ibo" ibs" * ibo" ibs" 99%iyo"i4 United Stiit<3s Express...
•103 110
"iJb'o
99% J'ly 24 1.50% Feb 4 97 Jan 160 Aufi
8l8
8I4
7-8
734
8
7% 7%
6% 7% United States Leather
1.3,290
6% J'ly 24 15 '4 Feb 11 10% Dec 15% Sep
8'4
7% 7%
8234
80
7834
pref
82%
30
80
Do
82
80%
81
80%
81%
8I34
5,217 7834 J'ly 15 9634 May 12 79% Jan 91% Sep
Hi
1134
10 14 U S Realty&Conslructiou 20,124
9 J'ly 23 28%Jau 2 20 Nov 32 Oct
12«8 1334
11
13 14
9
10
10% 11%
13 H» 13^8
5II4 56I4
0834
56
54
46
52
5834 58'e
51
46
48
Do pref
32,727 40 J'ly 23 73 Jan 2 64% Nov 75% Oct
12 14
•12
14
12
1014 12
12
12
United States Rubber
12%
2,525 1034 .J'ly 24 19% Feb 10 14 Jan 19% Oct
•12Hi 13
48
48
47
pref
48
47
47
46%
47%
45
45
Do
48 Hi
1,670 45 J'ly 24 58 Feb 10 49% Dec 64 Mai
Hi
47Hi
2U««
25
22
25
22% 24% 22% 23% 21% 23% United States Steel
146,445 2 138 J'ly 24 39% Feb 5 2934 Dec 4634 Jan
26 Hi 26 '4
70 14 7334
7534 771* a;70
77
74
773v
70% 72
68% 71
Do pref
187,007 68% J'ly 24 S934Jau 7 79 Dec 9734 Jau
42
46
41
43% 3734 403^ Virginia-Carolina Chem.. 14,120 3734 .fly 24 66% Kebl'J 64 Dec 76% Apr
4634 47 '4
39
43% 41
41 H:
•
•110
•105
•105
pruf
115
113
113
106
Do
113 US'*.
llSHi
104%
800 104%J'ly24 128% Feb 18 120 Dec .34% Sep
•23
26'-. •
26
24
24
24
24% *
22
23
Virginia Iron Con & Coke
23
800 23 J'ly 24 39% Feb 25
23 14
Vulcan Dctinning
23
500 23 J'ly 22 3334 Jan 9 29% Nov 33% No^
24% 24 14
77I4 77I4
Do prel
77% 77 14
300 70% J'ly 17 SI Jan 19 78% Oct 81% Dec
\\7ells, Fariro ifc Co
•185 215 •i85" 195" •i85"2'l'5"' •185 215 185 215 •185 215
J191 J'ly 14 249% Feb oli ^185 Jau 5255 Aup
82 14 83
8334
-83 Hi 84
83
83
83% 82% 83% 83
8334 VV est'n Union Tele'gpli
3,362 SI34 May.'5 93 Jan 14 S434J'ly 97 % -A.ug
175 175
•175 180
...,.,
VVcst'gh'seKI &i\l fgassen
175 175
170 171
600 L70 J'lyl.-. 221 Jan 7 169% Jau 333 Sep
•
Do Istprof
•175 180 •175 190
180
170 170
2U0 170 J'ly24| i24 Jan 7 ISO Jan IM Apr
8
176
-8
390 178
20(J
.-V
9
U
8%
7j,
U
;i
"
1
.
•
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bid
Bid Ask
200
West Side' .. 560
Western new 325 350
YorkvUle" .. 375
Hanks
BROOKLY.V
Atlantic !;... 105
Borougli'
125
U road way',.. 300
Brooklyiil .. 135
Coii'ylifclJB' 140
8tli Wariir ..
»0
rirst
380
Ask
BKOOKLYX
Wa.-th. H'htsi
Manufax;trs'. 350
MechuiiiC8l| 225
360
.
Merchants'.. 115
360
Na3.sau
305
Nat City
315
215 220
215
17th Ward:,. 140
Sprague
210%
Stuyv'tHtal 175
150
Unionti
Wallaboutli
140
North Sidel
.
People's!!
1
Bid
N. T. CITY
Bankers' Tr. 325
Bowl'gGreen 200
Broad wayTr. 150
C'lR'tyB&Tr 540
Central Tr'st 2100
City Trust... 340
Colonial
370
Continental 650
Ea.itern Tr.. 155
Empire State 175
Ask
IVust Co's Bid
Exchange Tr
Farm Lo&Tr 1400 1500
375
220
153
Filth Ave Tr 580
Guaranty Tr 715
Guardian Tr 185
5t;o
Kuiok'rb'k'r 875
Liucoln Tr... 360
2350
360
385
165
McV'ck'rRty 240
\
600
740
193
8110
375
250
-Manhattan .. r.oo
Mercantile .. 1000 lloo
Merchants'.. t245
Metropolitan GOD 625
MortonTrust 1020 1040
Bid
Ask
200
1200
1350
295
US.Mtg&Tr
240
1150
1300
290
390
360
250
45
1400
475
Unit
1 1.550
Trust Co's
Mut.AlUance
N Y Lite&Tr
N Y Sec & Tr
North Amer.
Real Est Tr't
StandardTr't
Tr Co of Am.
TrCoof Rpbe
Union Trust
Stat(ts
.
Van N'deuTi 225
410
370
205
50
1425
490
240
Trust Co's Bid Ask
Windsor
220 240
BBOOKLiTN'
Brookiyn Tr 445
Flatbu.sii
190
Franklin
370
HaiuiUon
310
Kinss Co
410
L Isl LiiiTr. 300
Nassau
250
People's
360
Williamsb'g. 270
455
30U
375
435
310
380
276
Equitable Tr t710
Washington. 400
Bid and asked priceij; no sales on tlus liay.
Less ihau loo snares, i Ex rignis. d .f P. .Morg in & Co. cerliticates.
Sale at Stock Exchange or at auction this week.
Ex stock dividend, s Trust Co. certilicates. •\ Banks marned with a p:iragraph O) are State banks
.
I
•
Ask
'i
.
A
New York
J
;
Exchange— Bond
Stock
«»CCUI'V1N(;
^o
UO.NDS
N. Y. STOCK EXCHANGE
Week
EEK ENDLNQ JULY 24
I
~
t
-^^
July
2-t
Ask Low
Bvi.
U. S. (SovemnuMit
23 cousolre.Ki8tereU.<il9S0 Q-J
(il930 Q-J
23 oousol cdupou
23 cousol reg small. .<(iyoO Q.J
Week's
Jiange or
Last Sale
l^rice
J'Yidai/
-UiyU A'o
us
106»8l07S "0G»4 J'ly'03
vs
us cou3olcoupsmall.(tl'JoO Q-J
us 23
107^4 J'ly'03
U)7«4 108
fcl'JlS Q-F
US 38 resistoioil
109 lOSSfl J'ly '03
fcl918 Q-F 108
us 33 coiipou bouila..A;iyi8
107 J'uo'02.
Q-F
us 33rou'SiudU
107 Jlay'03
QF lOoi-j
us 33 coil 8iU!»ll bouda..fcl018
HI
11134
110
J'ue'113
Q-J
/il'JOT
us 4s rPiiislereil
111 llis» Ill's J'lv'03
/il907 Q-J
us 4s ooupou
1925 QF 134'4l35 134'4 J'ly '03
us 48 reirlstered
Ht2a Q-F 135h.l36>4 13710 Mar' 03
us 4scoupou
101^4 102^4 10334 Dec '02
li)04 Q-F
us OS resfistcred
1904 Q-F 103 104 10S>4 J'no'03
us 5sooup»n
4:
107
14
107
V
1 Iiesa
State
Sectiriticii
class
4 to 5
Alabama
A
19U0
190U
Class Bos
1900
Class C 43
1920
Ourreuoy £uutlmj; 4s
1924
Dl8t ol Coliiml)iii 3-05.S
Loutsiauu uew cousol 43..1914
Small
1894-1990
Missouri tuuiliuj;
North Carolina consol 4s. 1910
1919
6s
1933
So Carolina 4 "-'S 20-40
Tenu new settlement 3s. .1913
Small
Virsfinia fuurt Uebt 2-3s...l991
uelerreil
Higli
lOO's
107
Is
108
109
S;
!.>
iofi^ibs'i-j
109 IIII4
IO9I4 11
I34I4 130 4
130
137
i-j
103 " 1033^
95>.iFeb'0'.
Ha
ot
I''-
are pr
marks to
Apr '03
n tlu b asis
0439 Sep
ae do Liar.
901.J
98-'%
0/ ii^toH.
'0'.:
'00
109»4Oct
102 Ki Mar'
111 Mar'02
121 Mar'()3
IOC Apr '03
109 Hi Feb '99
122
J-J
J-J
A-0
104
,
135
121
121
100
100
Nov'02
KiOHjJ'ly'Ol
120 Mar'Ol'
J-J
Brown Bros otfs.
ices
1
J-J
J-J
J-J
J-J
J-J
lour
9S
J.J
J-J
J.J
J-J
Begisteretl
lis
1
(Government
94
Frankfort-on-Main 3S;s ser 1.. M-S
'I'hese are price i on the ba
95
ti ot Mexico 3 I g OS of 1SS)'J Q-J
94
94
94'4May'03
98 "a Oct '02
94^1
94
9414
TibJ'ne'OS
6'^.
714
97
94 14
12
Unilron.ll
Alabama Cent Hee So Ky
laba MuU iiee Sav Fla <fe
Albany Ji Susq See Del ifc Hud
W
Allegiieuy Valley See Venn KR
Alleg it West See Buit U & i*
AmUockaiilm ^'reCeutoIiST J
A1990 Q-J
Ann Arbor Ist g 4s
AtCli T cSs S Fo
Kegistereii
gen g
A-O
43... 1995
Not
liegistered
Nov
St&niped
/i.1995 M-N
CIiic & St Louis Isl 6s. .1915 M-S
Atl Knox A Nor 1st gos..l940 J-D
Atlautic Coast 1st g 4s./il9o2 M-S
Atlauuc <fc Uauv see South Ky
Atlautic & YaUk .See South Ky
Aostiu <fc N \V .See Sou Pacific
Adjustment g 4s
/il995
/il99o
creek & S See ilich Cent
Bat
air it Ohio prior IgSi^a. 1925
J-J
/il925 Q-J
/1194S A-U
Registered
Gold 4s
Kegistered
Conv deb 4s
Q-J
/il94t>
MS
1911
P Jun <Si liiv Isl g3'2Sl92o il-N
Kegistered
pl925 Q-F
Va Sys re£ 4sl941 M-N
F LKdt
Southw Divl8tg3'a3...1925 J-J
Kegistered
7tl925 Q-J
M
W
Mouou Kivlst ga g53..1919
FA
Cen
M-S
Oliio
K
l8t cg4'T2S..1930
Bellev
Bklyu
Bruns
ifc
it
it
X
&H
See
V C
Car See iUinois Gent
:siontauk See Long I
West See Sav Fl ifc
Y & Erie see Krie
Beecii Ci eek
X
M
Fife
.St 1.
2d OS
;
Kegistered
M-S
A-O
(fc
"84";i;i;:
Sha%m
84
18
i»234
92
95
92
F-A
911-i
Sale
91><>
94"-^
68
92
89
101
102'2May'03
103 Apr 'OS
J'ne'03
;i;ill"88''e 89
95 12 sale
87 Sale
91111 95 14
941^
94
99 mo;; Hi
Jan '03
99^8
10034 Sale
1001^10238
100 100
91
89
95 14 971..
8934
87
9538
9512
8710
87
90 14 J'ly '02
II4I4 J'ne'02
108 -SSp'02
IOII4.
115
llo^s 115
J'ly '03
103
Apr '97
103
.
MS
II8I2
115
I24I4 J'ne'03
12538 Jan '03
124
J-0
1927 J-D
190» J-J
1913 M-S
Chestfc Ohio g Os sor A.. /i 1908
a 1911
Gold 68
1939
Ist consol g 5s
A-O
A-O
M-N
1939
Registered
1992
General gold 4133
1992
Kegistered
Craig Valley Ist g 58. ...1940
Div
lstcong43..198'
A
1989
2d consol g48
Warm Spr Val Ist g 5s. .1941
Greenbrier Ry Ist gu g 48 '40
Chic & Alt KK rel g 3s. ..1949
1949
Kegistered
Sailway 1st lien 3 128... 1950
1950
Registered
Ohio Bur <fc Q consol 7s. ..1903
1905
Chic<fc IowaDiv58
1922
Denver Div 4s
1949
Illinois Div3i23
1949
Kegistered
Iowa Div sink fuudos..l919
1919
Sinking fund 4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Southwestern Div 4a
Joint bonds 6'ee Great Norlli
1913
Debenture 58
Han & SlJo8consolOs..l911
CI1IC& E III Ists four 68.1907
1934
Ist consol g 68
1937
General consol Ist 58
Registered
1937
Chic '& Ind C Ky Ist 5s. 1930
Chicago & Erie See Erie
Chic In & Louisv ref 0S...1947
1947
Refunding gold 5s
Louisv N A & Ch I8t6s.l910
Chic MU & St Paul con 7s 1905
1914
TermiUiU gold 5s
General g 4s series A..el989
Registered
el989
General g 312S series B.el989
61989
Registered
1921
Chicifc LSuDivgSs
Chicct MoRiv Div 53...192G
1910
Chicife Pac Div 6s
1921
Chic& P Wlstgos
1910
Dak it GtSog5s
1924
Far ifc Souassu g Os
1910
Hastife DDivlst7s
1910
]_gj5s
^
M-iN
K&
I24I4 128
125 12538
J'ly '03
10034 105
121
Apr '03
120 122
I20I2I20I2
120i2Mar'03
118 Jan '02
102 Sale
106
103 ifl
,
,
102
106
D
M
MU
Illinois 1st 58. ...1910
102
106
104J2Mar'03
1051-2
J-D
CenBrancli U Plstg48...1948
Cen Branch Ry .See ilo Pac
Central Ohio See Balti & Ohio
Oeu RR & B of tia col g os 1937
Cent ol Ga KR 1st g 58..pl945
Registered
pl945
Consol gold OS
1940
Registered
1945
Istprel income g 5s
pl945
2dpref income g os
pl945
Sdpref income g os
jjl945
Chatt DiT pur nion g 48.1951
Mac & Nor Div Ist g os.l946
M-N
F-A
F-A
M-N
M-N
Oct
Oct
Oct
92 >2
103 12 Sale
28
701a
6912
29
28
21
92
19>2
J-D
J-J
1947 J-J
1940 J-J
J gen'l gold 5s.l9S7 J-J
71112
29
103
128
126'^8
2^
112
J'ly '03
Aug'02
J'ly '03
127
1303^ J'ne'03
10834
10834
109
CoU trust
H4s
M4s
N4s
Chic R
Series
C
4s ...1905
20
"3
MlSCELUANEOtsJ BONDS—Continued on Next
Street Kailway
Brooklyn Rap Tr g 53
1945
Atl AV Bklyn imp g 03..1934
BkCitylstcou5s.l916, 1941
Bk Q Co <fc S con gu g 53.1941
Bklyn Uu El 1st g 4-58.1950
-Kings Co El Ist g 4s
1949
Kaasau Elec gu g 4s
1951
'Ctty& S Ry Bait Istg 5s. 1922
.
J-J
J-J
108
M-N 100
FA
FA
*No price
1004
99I2IOO
S6H2
IOOH2
994
85
102H2
Jan '99
Apr'03
lO'JHi
90
J-J
107 12 Met St
102
IO9I4IIO
100 4102 4
994IO4I4
100
80
J'ly '03
80H2 Jan'03
J-J
J-D
ConuRy&i,lst<fcrefg44s'ol J-J
Den Con Tr Co 1st <r 5s... 19.53 .\-o
Den Tram Co con g 6s.. 1910 J-J
Met Ry Co 1st gu g 68. .1911 J-J
Det I'lt St Ky Ist con g 03.1905
Gr Rapids Ry 1st c5s...ol9l6
Louis Ry Co Ist con g5s..l930
Market St Ry Ist g 6s.. 1913
Met St Ry gen coltr g 53.1997
Bway&7UiAvlstcg53 1943
102
110
llOSg 110
85H2
89 4
85 4
99 7^ Oct '02
95 J'ne'OO
103
Nov'Ol
109
Mar'9S
J-J
J-J
FA
lllvSale ll4Hj
J-D
11334 11334
Friday; latest price thia week,
a
Doe Jan
120
115
113
11334
11334 II714
(t
Due Apr
e
Due
-May
6
101
89
F-A
J-J
J-J
10708lOOOg.
10334
'
76 102 "i0634
112
100
M-N
M-S
J-D
A-O
103i«
112
104
98
98
93
'0;
81
80
831a
103Hi
.
10338J'ne'03
101
10434 Ai)r'00
101 J'ly '03
9211 J'ly '03
100 101 H»
92 14 97
11438 Aug'02
101 4 J'ne'03
104 12
104
10334 108 14
I013el04i«
109i2Aug'01
IO0I2
100
il-S
1104112
111 114
10 II412 11934
7334
74 '2
^334 Apr'O'J
733,
lOOia
100
195 J'ly '03
113 11434 114 J'ly '03
105 Sale 105
105
131 May'03
II312.
1 134
II412
120 Dec'0-.i
12038 Feb'03
iio"
10438 108
113 1177e
105 11038
131
1364
113H> 121=8
126
108
126 1303*
108 II318
107'%111=%
170 178
111 111
107 112
126
108
Sale
107S8Salfc
108
n
120
J'ly '03
108 14
107-18
1071
10738
170
111
107
111
J'ly '03
Miiy'03
J.07
Dec '02
10434
Jan
120«s
'02
J-J
116i2Apr'03
114
114
11218
114 Sale
110=8
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J'ly '03
11334 J'ly '03
109;'(,
IO914
126'8
137 12 J'ly '99
no's
1194 -May'03
104 14
107<*8
UlSfl.
183
115
109
105
1104 11*54
114
111
118*8
11334
11334 117Hj
IO9I4IIIH1
111
113
109 ig
.
11078J'ly'03
113 4 J'ne'03
11218 11218
112
116
130 14.
113
110
.
.
.
II918 11934
Aug'02
Feb '03
May'03
Oct '02
11034
IIOI4.
112i«.
183
114
185
115
11(178 113Hi
11218 llSHi
n2isll7
May'03
113
119
113
116
116
I3OI4 J'ly'03
I3OI4 134
IO412 104i2May'o3
10638 Oct '02
.M-N
,100 100 J'ly '03
Q-F
103 Nov'08
A-O 113
112 May'03
A-O
110 ig May'03
A-O ao8"'IIII!I 108 J'ly '03
101
.
104H»
F-A
A-O
M-N io4i^io5ii
105
4 Doc '02
A-O
A-O
M-N
M-N
108
114
J'ne'03
123
FA
10SI2
102 12
104
105
Ill
M-S
130
J-J
I28I1
101
,
FA
,
M-N
112
108
i'lii-iiisia
May'Ol
Nov'02
Oct '02
105^8 May'03
1153s Apr'03
105=8 105»8
11538 11538
I2714
118=8
12714132=8
118=8 125
106
108
I27I4
118=8
142 Hi Feb '02
133 Is
133%
107i8Feb'01
114i4Sep'02
109
9978 Sale
112
'01
1331s May'03
122i«
120i2Sale
101
106 109HJ
10634 107 Hi
10378 109
llOHz J'ne'03
M-S
M-S
M-S
M-N
M-N
M-N
Oct
99
112
uomiois
10634 Mar'03
IO4I2
IO4I2
.M-N
,
127i8J'ne'0S
120 12 1204
127 127Hi
10 120 4127
189 9934 108
107 Jan '03
107 107
10038J'ly'02
9978J'ne'02
99 12 J'ly '02
9938j'ne'02
7878 304 734 89
73 H2
88 14 88 J*
8&i4Jan'03
734
79H2 331 73 H2 8934
98^%
9/ May'03
97
9212 93
93 Jan '03
'03
9434
9434
9434 Jan
105Hl 1081a
105H2 105Hi
9934
100
130iel36'^
13114I37
13018 J'ne'03
131 14 May'03
1 37 H. Sep '02
124
124
78
123i4l26<%
86
78
J'ly'03
I'ase.
Ry—rCoTijRef g 4s2002 A-O
93
90
92
93=8 May'03
961a
II712I2I
Col&9thAvlstgug 5s. 1993 M-S 117 4 Sale 117H2 1174
116 121^
Lex AV P F 1st gu g OS 1993 M-S 110 117H2 116 J'ly'03
94
9334
Third Ave Rli con gu4s 2000 J-J
94
12 Sale
94H! 30 94
II7I4I22
Third Ave Ky Istg 53. .1937 J-J 112
1171, J'ly'03
<fc
Met WS El (Chic) Istg 4s. 1938 F-A
MU El Ry & L
99 12 Mar'03
100 Oct '99
110 J'ne'02
FA
30-yr g 5s. 1926
1st con g 5s. .1919 J-J
St Jo Ky Lt
Ist e 58.1937 M-N
St PatU City Cab con g 5s. 1937 J-J
Union El (Chic) 1st g 5s. .1945 A-O
U nited RRs San Pr s f 4s . 1927 A-O
United Rys St L 1st g 48.1934 J-J
Chic St 40-yr cons g 5S.1936 M-N
Minn St Ry
H&P
104
99H2IO2H1
10914113
109 14 Apr'03
109 4Dec'99
704
Sale
W
J-D
81
81
FA
J-J
J-J
J-J
J-J
J-J
J-J
1004104
102^
J'ly '03
106 4 Oct
85
80
J-J
J-J
J-J
J-J
ll()i.j
J'ly '03
JJig/t,
IOOI4
9712 J'lie'03
.V-O
-V-O
M-N
100 Hi
98
Jiange
Since
January 1
RaiUvay
Street
I
A-O 102 H2.
98
M-S
M-N
.M-N
I001.J
11434 Sale' 11434
ll-tu^
11434 121
J'nrui
io'i" Sale 102
103
103 Apr'Ol
112 Jlay'03
JJ
A-O
A-O
M-K
M-N
1004
1104
•15
Miyh Ao Low
100 14
111
MS
66
10814 Sep '02
102 J'ne'99
Divos
MobUe Div l8tg5s
Q-J
J-J
103 Hi 10334
lOoHiSep'Ol
11012
\00\
1910 M-N
1915 M-N
1916 M-N
74i4Sale
IO4I2IO712
I & Pac RR 4s.. 2002 M-N
12212 12212
Registered
2002 M-N
"7312 Sale
CoU trust gold 5 3
1913
102 12 109
Des M & Ft D Ist 4s
1905 J-J
Ist2i-2S
1905 J-J
6912 80
Extension 4s
1905 J-J
A-O 105 la Sale
3976
Keok<fc
DesM
Ist5s....l923
28
Chic&StL 6'eeAtchT<feSaFe
27
21
Chic St L & N O See III Cent
Chic St L & Pitts See Penn Co
CliicSt P M & O con 6s.. .1930 J-D 128
Ch SI P <fe Minn Istg 6s 1918 M-N
103 103
12676 134
Nor Wisconsin 1st 6s. ..1930 J-J *123
I28I4 I33I2
St P & S City 1st g 6s. ..1919 A-O 124
IO8I4 11312 Chicago Ter Trans g 4s. ..1947 J-J
79
94I4
92
J'ne'03
104 "a J'ly '03
122 12 Jan '03
Uaife Atl
of N
Re^'istered
/tl987
Am Dock & Imp gu os..l921
92
.
J-J
J-J
1917 J-J
1988 J-J
1988 J-J
Kegistered
General gold 4s
Registered
<fc
100 i-i
Ott C F <fe St Paul 1st 5s 1909
Winona & St Pet 2rl 7s. .1907
126''8
MU L S & West 1st g 6s 1921
Ext & Imp stund g 5s 1929 F-A 118
Ashland Div Ist g 68..1925
1924
Mich Div Istg 6s
Convertible deb 5s
1907
105i4l08''8
1911
Incomes
IO4I2IO4I2 Chic Rock Isl& Pac Os...l917
102 "i
Ask Low
Bid
J-J
FA
1886-1926
Registered
1987
General gold 3 I2S
Kegistered
j9l987
Sinking fund 6s.. .1879-1929
1879-1929
Registered
Sinking fund 5s. ..1879-1929
1879-1929
Registered
Debenture os
1909
1909
Registered
1921
Debenture 5s
1921
Kegistered
Sinking fund deb 5s
1933
Kegistered
1933
DesMo<fcMinn 1st 78. .1907
Milw& Madison 1st 6s.. 1905
North
J'ne'02
102\ 1 02
1161
tfc
Week's
Jiange or
Last Sale
July 34
M-S
M-S
E'xten I8t7si."l]]!l908
1919
Lacrosse <feD 1st 5s
1910
Mineral Point Div 5s
1910
So Minn Div 1st 6s
Southwest Div 1st 6s. ... 1909
Wis <& Minn Div g58. ...1921
& No 1st L 63.. ..1910 J-D
1913 J-D
Ist consol 6s
1915 Q-F
Chic & Northw cons 73
Extension 48
1886-1926
I
& Ad .See N Y C H
CedKiaK<tN SeeBCR&a
Cent
Wl\
9914
9934 1U2'>8
86 ^
87
89 106
y4i2Ai)r'02
85 7e '72
84
.See 111
Cartilage
Mid
93 12 9OI4
9514
9934 207
5
9934
114i2 0ct '02
93
921a
9 2 >2 Sale
J-J
1913
Ceut
CarolmaCeut .SeeSeabi&Koan
Carli
87^4 Sale
NWlatgu OS. 1921 A-O
Ist gu g 7s
Canada South Istos
<fc
99»4
/
&
J-J
J-J
Bur Cedar K di No 1st 5s.l90tj J-D
Con Ist & coUrustgos..l934 A-O
Registered
1934 A-O
1
99 14
W
Buttulo
Buflalo t:
P gen g 53... 1937
Allii West Istg 4s gu.. 1998
Cl<fc Mall Islgugos
1943
Roch <fe Pitts Isc g GS...1921
Cousol 1st g Us
1922
BaSalo & Southwest See Erie
Bull <k Susq Istref g 4s.rfl951
Registered
dl951
OR
94ij
94
99 14 Sale
1995 A-O
Price
iYiU.au
'
106
100
»4
l<'oreign
Low
STOCK EXCHANGE
WKEK EXDIXH JlTLT 24
Central ot N J— CCo)ifi(iue(0
Loifc Hud K nougug.")S 1920 J-J
Leh & Wilks B Coal 5s..l91 MN
(/1910 QM
Cou oxt guar 4 48
N \ & Lougl$rgeng4s 1941 .M-S
Ceut Pacitlc See So Pacillc Co
1930 J-J
Charles * Sav Ist g 78
N. Y.
January
35 cc
Weekly and Yearly
ItONOS
Rauffe
Since
106^ 107 's 106"8J'ly'03
Si
Record, Friday,
KOl'll- I'AIJES
7612
7678
8438J'n6'03
99
47
76H2 801,
84
Bo's
Dec '97
Gas and Electric Liiglit
-•^.tlanta G L Co 1st g 5s. ..1947 J-D
Bklyn
3
U
Gas 1st con g
Due J'ne
/i
Dae
5s. 1945
J'ly
fc
,V1-N
112 Hi Sale
Due Aug
/>
II212
113
30 II214II7
Due Nov gDue Dec sOption
sale
J
..
;
Bond Record— Continued— Page
184
BO.NUiS
Prxee
STOCK KX CHANGE
Wkrk Kxmxo July 24
Weeies
Range
H. T.
July 24
Bid
ChiCtt West Iml Ken sctJs^l'JU'.'
Otuc.& West .M:ch Ky 5s..U»'Jl
Oboo Ok >£ U seu ^ 5s ...oltUli
jitk Line
nD 103
ioo>9
J
J
.
I
»
111^.
L •& C nee C C C A St L
Gin » & c nee C C C St L
CMarneld <& Malt 6r« B K
r
C
I
e5
Last Sale
-M
Cm U A U co'usols 78...1iH'."i .A.O
2«l){0lit 4Sj3
li'oT J.J
CinUAl lstgu|?5s...ll»41 M-N
or
Jiange
Since
Januarij J
111»21163e,
109 Mar'o;^
111 Ha Dec '01
113 Oct 00
107
lllJtrne'OS
iiivi ii's'
109
.tc>
W
W
L*
CI
j-j
MN
JJ
QF
QJ
Income 43
J-D
J-D
M <& W
Coon db Pa« Hiv8 Ist g 48.1943
|\ak<&OlSo M<!CM<&StP
UaUas & Waco See M K T
Del Ljack <& Western 7a... 1907
Mom8<& K88exl8t78...1914
See
95
1001,1
i26">a 1-29
104
127Js.
J-J
J-J
131
AO
J'ne'Oo
131
1333t,
i04 '•iNoV'oi
9412
94
60
114
Sale
Sale
113U
,
93
60
60
Registered
let ref
gu g
W
N Y Lack*
72
87
Sale
72
72
87
71
807g
86'a 9412
8708
1917
gu 78.1900
1906
1906
1906
102i4May'03
logo's....
109»«J'ne'03
102 Feb '03
135 '•J
136
149
109
122
io'e"
1053*
lio"
Dei M & Tol See L S <ft M So
Det <& Mack 1st lien g 48.1995
1995
Gold 48
1951
Det Sou Ist g 48
Ohio Sou Uiv Ist g 43. ..1941
DnlA Iron Range lst58.. 1937
V'a
,
'.
W
W
60
.
62
J'ne'OS
111
Feb '01
IO514IO514
J-U
J-D
J-D
100>a
91
78
8S
91
,112
110
,
.
84
M-S
AG
AG
97 "4 99»4
104 >« 107
105 108
lOOii
80
89»« May'03
J'ne'03
lliagllS
J'ne'03
113>a....
112
116
135
J-U
M-S 132
'
MS
A-O
AG
112>2ll4'%
9678 Sale
'
114 May'03
113i4May'03
112 May'03
117 Dec'02
114 114
113>4ll3l4
112 112
101^8 J'ne'03
101
si's Sale
9012 Sale
90 >a
90
12508 126'a I25I2 J'ne'03
J-J
107
A-O
llOi^J'ne'OS
iVi-iiis' 111 4 J'ly '03
101^8 May'03
1 06 »a May'03
11238.
108 May'03
FA
M-N
M-N
J-J
88
102Hil04
104
112
J'ne'OS
J'ne'03
J'ne'02
107
115
M»y'02
94 14
11712 121
130
"2
134 "2
IIOI8II212
109 114
9734 103
106 106=8
108 117
107 4 J'ly '03
AO
So See Ch M & st P
PereM iSeePereMar
101^8
1251a 130 Is
119 J'ne'03
106 Aug'02
134 4 J'ly '03
11334 Dec'02
118»2Apr'0:
109 Oct '98
118»Q.
'102 "2.
MN
FA
'8
132>2l39
134 J'ly '03
132 14 135
132'4Apr'03
9634
97 14 16 9534 9934
98
97
97 May'03
83 i07 81
88
81
M-N
J.J
IO719II2
120
103
12212
100
l>llS»CEL.L.AJSEOL)s»
Electric
EdEllllBku
..
6eeKCoEL&P
FA
£d E lU 6ee N Y G <& E L H P
Kq U LN Y lat con g 58. .1932 M-b
Eq G Fuel Aee P G 4 C Co
Gae<b ElecBergCoo g58.1949
Gr Rap G L Co Ist g 58.. .191.')
JUngsCo El L<fc P g 58... 1937
7634
74
74
J'ne'OS
797,
107
1923 J-J
Isl g 58...191>^
9312
'100
105
95
106
95
105
96
J'ne'OS
99
106
114
Dec'
117
<fc
1997
Ed El 11 Bku Istcon g4s 1939
Lac<:fdn Locst Ll8tg58-el9r.)
"
Uilw.iukee Gaa L l8t 4s.. 19:
Mot Fuel Gaa Co Set Peop Ga«
•
104 14 Sale
AG
89
96
J'ly'Oo
89
9413
103
J'ly '03
103
IO6I4
IO414
100
10434
14 10414109'a
J'ue'03
100
10534
-.7
112i4M»y'03
II2I4I1312
J-J
J-J
113i3Mar'0(i
102 Mfty'03
10134 102
JJ
M-S
M-S
A-O
AO
M-N
M-N
J-D
Mar'03
94
104
102
103 Vj
*ioo""'.'''
102 14 104
92i4J'ly'03
92 >4 96
JJ
F-
A
J
94
May'03
Oct '01
103
103
10489 M»y'02
IO6I2 Mar'03
104
102
J-J
J
94
ioiiiioJi.!
106*2 106 "a
May'99
123
87i8Mtty'02
J- J
J
J
97 J'ue'03
101 Is Oct '99
100 Nov'OO
J
J
J J
F- A
97
97
t25i8l2&>a
106 Is Jan '03
10618 106i«
Ss
1935 J-J
fa 1st g 4s
1950 J-J
Int
Great Nor Ist g 6s. .1919 M-N
2d gold OS
1909
3d gold 43
1921 M-S
Iowa Central 1st gold 68.. 1938 J-U
107 >2 Dec'02
98'2J'ly'03
119i4J'ly'03
.110
FA
ioi"Mar'02
W
Ist guar gold
&
III
&
1961
1
99
100
MS
96
Sale
7312
MS
110
90
RR see Erie
A G R 6e« L S & M S
Kal
an
Mich See Tol & O C
K C Ft S & M iSee St L & S F
KC&MR&Bl8lgug6s.l929 AG
Kan C PaciUO See M K T
....
92 12
07 12 Mar'03
107121071a
96
96
74i4Feb'03
9Sial02
119 123>e
96 100
75
70
11034 J'ly -03
92 J'ne'03
11034 11612
9313
91
<fc
<fc
Kan
City Sou 1st gold 38. .1950
Registered
1950
Kentucky Cent See L <& N
Keok & Ues Mo See C R I <fe P
Knoxvtlle & Ohio 6'ee So Ry
Lake Erie <fc Ist g 58..1937
2d gold 6s
1941
6'ee
6s.. 1945
N Y Ceut
A-O
A-O
J-J
J-J
AG
66I2
65
6634
63
Oct '00
,
103
110>2Feb'02
LehValN Y lstgug4'28.1940 JJ
Registered
1940 J-J
Leh V Ter Ry Isl gii g 58.1941 AG 113
IO8I2 J'ne'03
10912 J'ne'OS
113=8 J'ne'03
Lehigh Val (Pa) coU g
5s. 1997 iVI-N
68
71 «^
II712I2O
11712 J'ne'03
11 IVj J'ne'03
HI J'ne'03
11434,
109
66
lll^j 113=8
111 1141a
1997 M-N
105 14 107
1941
gug 5s. 1933
1933
Leh& N Y l8t guar g48.. 1945
RejOStered
1945
El C & N l8l g Ist pt 68.1914
Gold guar 5s
1914
Leh & Hud R See Cent of N J
Leh <fc Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
Long Uock See Erie
Long Island Istcon g5s./i.l931
/il931
Ist cousol gold 48
General gold 4s
1938
1922
Ferry gold 4*28
1932
Gold -Is
1949
Unltted gold 48
Debenture gold 5s
1934
BklyncSi Mout I8tg6s..l911
l8t6s
191)
Registered
Leh V Coal Co 1st
Registered
AG
J-J
J-J
M-S
1
.
90
A-O
A-O
Q-J
"
96
J'ue'03
93 >a 97
100
Mar'03
ibo" ibo"
114
118
Jan '03
118
118
J
...
100
100
99^8.
ioo" io2Vi
ibo""j'iy''03
100 12 J'ne'03
100 Oct '00
99^8 J'ly '0?
10012102
97''8l00i2
Jau'02
Ill
lllia
106
106
107
115
112
1937
105 Mar'03
112 Mar'02
112'2Jan'02
112'2Apr'02
105>4l05>4
"^4
10(5
194U
Unitted gohl 48
Registered
1940
1931
Coll trust gold 58
Cecilian Branch 7s
1907
1919
E H <fc Nash Ist g 68
LCin<fc Lex K0hl4i23... 1931
N O <fc Ist gold 6s 1930
1930
N O & 2d gold 68
-Next
iisiiiVi"
09 'I Oct '99
108 '2 Sep '02
113
103 12,
.\1-S
N XB&MBl8lcong5sl93o
1927
N Y& RB l8t g5s
NorSliBl8tconggu68ol932
Louisv & Naahv gen g 68.1930
Gold 58
.
10734 108 Hi
....
9834
99
112 >« Sale
'11214
mil
115 J'ne'03
112 J'ne'03
98^^
99
100 Jau '02
II2I4
II412II8
111 112
36
9812 10119
110
112^4
106 Dec '00
114'2May'0;
108 14 Jan '03
126 May'03
113i«
IIII2II4I2
10814 108 »4
125 129
124=8Apr'02
Paae.
nnd Electric Li^lit
Newark Cons Gas cou g 58 1948 J-D
58. ..1948 J-D
Purchase money g 48. ..1949 FA
Ed El 111 1st COiiv g 58. .1910 M-S
NYGELH&Pg
Ist consol gohl us
1995 J-J
XY&QEl L<fcP HI con g 681930 F-A
E g 58.1949 M-S
Palerson & P G
PeoGas&C Ist gu g 68. .1904 .M-N
106
9118
100
117
....
....
1
106
105
105
90
106
119
103
61 12 Oct '01
10734 Dec '00
llSHi
104
llSSz
II8I3I25
93 14 96 "v
1041s 108 »v
118'-.
93i4Ma5'03
97
105
105 12 105
95 J'ly '02
ilopnoe Friday; Uteet bid and aaked this week.
aDueJan
6
1904
2d guar gold Os
1943
Isl con gold 68
1947
Rufuuding gold 58
ChG-L&Ckc l.slgugon 1937
08.
Ch
Ist
gug
'36
Cou G cool
Eq G<& FCli l8t gug 68.1905
jMu Fuel Gas Ist gu g 68. 1947
Syracuse Lighting let g 68.'51
IreiilonGifc El 1st g 5s. .1949
Utica E Life P lst.-> t K 58.1950
J-D
A-O
90
106
104
119
97 »4
107
119
Apr '03
J'ne'03
102
10?>9
102 »«
103 13
99 la-.
99 ..
101
102i«Mar'
101
102
1171-....
117'.^ J 'ue'
116
riSia-
I05I4 Apr'
105
1071a
U18
105
103
105
J
10034 109
109
Feb '01
.\I-S
106
J-J
J-D
J-
M-N
J-U
tna
112
91
<fc
<fe
Purchase money 68
JJ
.103
"0^ 532
89
91
124 May'Ol
90 Nov'98
125 Is Jan '0:1
I26I4 Nov'02
104»8Apr'02
BOMJ.S—Continued on
i,iiKht
Gas Ist g 58
194 A-O
Ch G L <fc C Co «ee P G & C Co
1932 J-J
Columbus Gas Ist g 5h
Cou Gas Co .bee P G <fc C Co
Det Gaa Co cou
Sale
(aoa
Bnfialo
Detroit City Ga»tg58
89
M
M
<fc
Gas nnd
10934
10S3.ill0>9
J-U
M-S
J-U
J-D
J-D
J-D
MempU Div Ist g 4s. ..1961 J-D
Registered
1951 J-D
St L Sou 1st gug48
1931 M-S
Ind Bl & West See C C C & St L
Xnd Dec &
1935 J-J 105
Ist g 58
North Ohio Ist gu g
114>2ll*H 114"% J'ly '03
AG
M-N
109
109i2Mfty'03
10733111
W
M-N
M-S
M-S
J-D
J-J
J-J
I0OI3IO5
10934 May'03
10738 May'03
Registered 58
FA
11294
85
Jetleraon
9314IOOI2
9312
91
85
84
92
89
109iall4
J'ly '03
Jan '03
84
,114^ 115
M-N
letgeuerai geld 58
1942 A-O
let gold 6e..l923 A-O
Bali Co Branch Isl g 68.1930
Ev<)e luil Islcou gug68..1926 J.J
i? lint<fe
1953
Middle DivregSs
1921
St L,oui8 Uiv gold 38
1951
Registered
1951
Gold 3128
1951
Registered
1951
Spring Div let g 312S... 1951
Western Lines let g 48.. 1951
Registered
1951
BeUev& Car 1st 68
1923
Carb <fc Shaw let g 48.. .1932
Chic St 1, <fe N O g OS.. .1961
Registered
1961
Gold 312S
1951
Registered
1961
L Sho & Mich S
J-J
J.J
J-J
J.J
13 104
81
<fc
iig^i 121
Mt Vernon
LN
O & Tex gold 48
Registered
Cairo Bridge goltl 48
XiOUisvilleDlv gold 3 "28.1953
Ind
62
Since
Jantiary 1
<fc
Evans
Isl cons 6a. 1921
gold 48
Refunding g48
112
[."argo
108>2lll'<
M»y'03
108
WUk<fe Ka l8lgug58.1942 J-D
Erie & Pills See Penn Co
T H
13718
Ry
See So
Elgin Jol & Kasl Isl g 53.1941
Kim Cort & Ho See heix & H V
1947
Erie 1st ext gold 4s
2d ext gold 58
1919
8d ext gold 4'aa
1923
1920
4tb ext gold 58
1928
6lli ext gold 4s
let consol gold 78
192U
1920
let cousol g fund 78
£ne let con g 4s prior. .1996
Registered
1996
let cousol gen Uen g 48.. 1996
Registered
1996
Penu Coll tr g 48
1951
BntlM y<fc Erie let 78. .1916
Bnfl & S
gold 68
1908
Small
1908
CIuc<& Krielat gold 58.. 1982
Jea RR Isl gu g 58
ol909
I»ng Uock consol g 6s. .1935
Coai<& RR 1st cur gu 68.1922
Dock <fe Imp Ist cur 68.. 1913
N Y & Green L gu g 58.1946
Mid KKolN J Islg 68.1910
N Y Sua <fc 1st ref 58.1937
2d gold 4'a8
1937
eeueral gold 58
1940
gold
TenDinaTlsi
5s. ..1943
Regie «5,000 each... 1943
<&
102
102
26 136
98
97'o
106=8 May'OS
,107
1937
1916 J-J
Atl g 5s.. 1937 J-J
& Ga
130
Ang'Ol
109
10934 11338
J'ue'99
IO6I4 J'ne'o3
1 1138 Feb '02
14334 Nov'02
97^.
.SeeStPM&M
L^aslol Miuu
1278813112
115 115
102 103
147'2J'ne'02
t
Hiasl Ten
Oct '98
10118102
<& S West gen s k 5s 1929 J-D
Dee Moi <& Ft U see C R <& 1 P
M
& Muin See Cli<b N W
Dee
Dee.Moi Ud Hy Ist g 58.. 1917 U-N
<&
1304
126'i,l28>8 12758J'ly'03
Ill's....
115 J'ue'03
.
Registered
113 117
I2914I33I2
13012 13412
J'ly '03
J'ly '03
1301-j
140
Registered
B«na dc Saratoga let 7s. 1921
Registered
1921
Del Riv RK Bridge 6<ePa RR
D«nv <& R Or let cou g 43.1936
Consol gold i^B
1936
Improvenienl gold 58. ..1928
Bio Gr So gu See Rio Gr So
2d 68
DtU So Shore
114
130
113HJ
129 Sj
130 Si Sale
&
D«ii
1951
1901
1951
1951
1951
1952
1952
1953
1953
1950
Registered
J'ue'02
AC
Warren l8t ref gug 3 "^8.2000
HuU l8t Pa Uiv 78.1917
Del
Gtiar polu 68
Colcfc H V Islextg4s..l94h
Honst E <fe W Tex See So Pac
Housl & Tex Cen See So Pac Co
Regl.slered
I8t68...1921
Construction 58
1923
<& inii)rove4s
1923
8jT Bing <fc N Y let 78..190C
Registered
1999
Registered
Term
Reerisiered
Alb^ sua let con
ousatoiuc ^5'ee N Y N H <& H
Uock Val lstcon80lg4i2S.1999 J-J
CoU Trust
70
=
Apr '03
103
107
107
W
Ist gold 3128
Registeretl
Ist gold ossterling
2000
aSiS
J-J
J.J
fiarige
5
Sep 00
]06'2Feb'02
105 Mar'98
103341 04 <« IO4I2 104W,
81i2J'ue'03
79
A-O
Grand Ra\)& liid AeePenn RR
Gray's Pt Term See St L, S
Gt Nor— C H ct Q coU tr 48 1921 J-J
Registered.
1921 Q-J
Greenbrier Ry see Ches <fc o
Gulf ifc S 1 1st ret A tg 68 61952 J.J
Han Ji St J o 6«« C B & y
Registered
100
82
Dec '02
128
1915
1915
JJ
illinois Central 1st g 4s. .1951 J
94
60
A-O
<fc
let oonsoi i^aarVs
W
JJ
J-D
or
High Ao Low High
Lolo
100
J-J
J-J
J-J
Week's
y(
11414 II4I4
12612 129
J'l}-'03
Ask
tiid
FlaCencfc Pen 1st g 59. ..1918
1st land gr exl gold O8..1930
Consol gold 5s
1943
Fort St U U Co let s4>2S.1941
Ft Wife Dene I8tg6s....l921
Ft
& Rio Gr 1st g 3-48. 19-28
> al
Har tfe S A see So Pac Co
I
V Tal H & H of 1882 l.st 5s. 1913
Ga <fc Ala Ry 1 st con 5s. .01945
Ga Car <$> No Isi gu g 68. .1929
Georgia Pacilic see So Ry
Registered
AG
& Term
Col Coon
J'ue'Oo
Mange
Last Sale
«fr
1031-j
95
114 »4 J'ne'03
.
1990 .\pr
Lor<& \Vh con Isl k 5s. 1933
CteT A Marietta ^'ff Penn KK
ClerA MhIiou Val g 5a. ..1938 J.J
Re^stered
193S Q-J
Cler & Pitts See Penn Co
Col -Midiauil Ist K 48
1947 J-J
Oolora<lu& Son Ist g48... 1929 F-A
Colaui <& oreenv an So Kr
Ool <fc Hock Val Set Hoolc Val
a
M»y'03
lYite
JVidaii
July S4
G Ua V Q & Nor See So Pac Co
Gouv Oswesat SeeH YCent
100
98
101
99
.
iio'
J-J
103
Deo '02
104
Q-F
96
98
103
102
95
104
99
96
Oct '02
J'ly -03
Oct '02
101
99 Kj.
.MS
1st pf 5s...<n5tas;
1st con 4s.. .1940
Peo<& East
Ki
9S
101
.100
.M-N
M-N
96
101
Jj
St
C coDSol t>s..l;>20
Ist KoUl 4s
/clUolJ
Reitistered
tiystj
Cln S i& CI cou Isl K 58..1i)-J^
litU
C C C iV- I cousol 73
Cousot siuk luml Ts
iyi4
Ueueral cousol KolU t>8. 19o4
Kegislereil
UIS4
Init
Ist pret 48.1940
<fc
m W
oin.iA w
97 V
96
j-n
BONUsS
STOCK EXCHANGE
Wkbk Ending July 24
N. T.
High Mo Low High
lliVjJ'iyoa
109 Apr '02
$t
Cl«vemu(i Ciu (Jhic <& St Louis
Geueral ir -Is
!;•;•;<
Cairo Uiv Ist sola 4s
li'.ii'
Cin
Jb M Uiv 1st s4s
St L Uiv 1 81 col ir g4s.
Re.msterMl
Spr <fe Col Oiv 1st s 4s.
\V Val Uiv Ist f;43.. .1940
[\ou Lxxvn.
2
,
100
luo
ioi'
J'ly'
'lie'
J 'ne'
J'lie'
105
102
1081a
loav*
Feb
104
106
J-J
Due Feb dDueApr eDue.May /iDueJ'ly A:Due.\uK
Dae Oct
5
Due Dec
s
Option sale
—
Bond Record— Continued— Page 3
7
1
JVLY
26, 1903.]
BOND.S
Week's
ITiee
STOCK EXCHANGK
Wbkk K.nuimo JULY 24
N. Y.
LoHiBvA Nasliv— C(
Kanye
Julij-34
Laal Sale
LDw
Jligh
116^8 Mar'ti2
19H'
Siuktuuil KoUlOs
L & Joll IS'lse Co irii g 4s. 194o
L N A A C'li See C I & IMahoii Coal See L S & at S
W
Dec'ol
110
100
JIur'o;;
V.
89
U3
no's 113
iVo" ill"'
100
lUOb J-J
1934 J-D
108
Sale
108
ib's"' i"ui-j
108
104
>-j
MoKee8ABVl8tg68l91S
Al
loh Cent Ist consol 6s. 190',)
1931
59
McKpl A B V
Registered
72
73
12>a
20''
2^8 Sale
12
12^8
I
AO
FA
96
1910 J-D
105
Hex North
Isl^oUl
li<«
MULiSAW SeeChicANW
Mil A MiMl See Chic A N W
MU A North See Cli M A St P
1S9H.—
Minn A St L Ist gold 78. .1927
1909
Iowa Ex IstKolrt 7s
Pacific Ex 1st >?oldOs... 1921
Soutli West Ex 1st g 7a. 1910
1934
let oonsol f^oldos
iBt and refund sold 48. .1949
144 4 Apr '03
115
112
123»aApr'03
121
Jan '02
....
113
114 lis
99Hj 99 •a J'ly'03
A St L KU
M S S M A A 1st K
MStPASSM c«UK4intKU'38
Miuu t'u See St P M AM
96
77
97
1st g 48. ..1990
jl990
2d gold 4s
1944
l8t ext gold 58
St L Div l8t ret g 48. ...2001
Oal A Wa 1st gu g 03.. .1940
KanC A Pao Ist g 43. ..1990
K A T OJ T Ist gu g 59. 1942
Sher Sh A So Ist gu g 5s. 1943
Tebo A Neosho Ist7s...l903
1942
A K IstgugSa
1900
Missouri Pacific oil 78
1920
Ist consul gold 6s
Trust gold 5s stamped. ol917
Registered
al917
1920
iBtcoU gold OS
Cent Br Ky Ist gu g 43.1919
L«roy A C V A L 1st g us 1926
Pac R ot Jlo 1st ex g 43.1938
2d extended gold os...l938
St L, Ir .MA rigen con 3sl931
Oeu cou stamp gtd g 5s 1931
Unified A ref gold 4s.. 1929
1st g 58.1926
Verdi V I A
Mob A Birmpnor lien g 08 1945
Mortgage gold 4s
1945
Mob Jack A K C 1st g 5s. 1946
gold
Ohio
new
6s..
1927
Mob A
l8t extension gold 6s../ll927
deneral gold 48
1938
Montgoin Uir Ist g 58. .1947
Cairo
coll
43..el930
L
A
St
g
Guaranteed g48
1931
coll 48 See Southern
M
97
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144
103
98
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96
77
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106
90
99
100
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4 iut gil 1920
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lu
72
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112
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19
nil
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MUl ol N J See Erie
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87 "a 90
99
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105iaJ'ly'0'I
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109
109
109
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107 Vj 111
107'alimj
118 Sale 118
104i4Sale 104>4
118
118
122
104»4
10234
107^
104 >4 Sale
90
104^2
104>4
92 J'ly'03
100 May'Ol
10334
103 »9 10312
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llOi^Sale 110»e 111
111
111 J'ly'03
85 Sale
84
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20 103
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93
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NJ June KB See NY Cent
New A Cin Bdgo See PennCu
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MS
MS
MS
1998 F-A
Mich Cent coU g3>a8....1998 F-A
Moh A Mall8tgug4s..l991
Income 58
96
Sale
101»8.
101 "2.
Dec '99
99 12
76
99
76
96I4
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101 "a J'ne'03
98
100
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oon g 68.. 1937 M-N
30
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1997 Q-J
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See
77
95
100
101
100
.
118
101
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10038100"%
90
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90
87'2
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87 J'ly'03
91
108
106
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112 112»9
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117
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10738
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117
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102
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102 10334
128'4 131»4
106>4MBy'03
106 May'03
106 IO6I4
103»4l05
100
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100
101
100
May'03
14
114 Feb '03
133'aApr'03
128 Apr'03
I3214 Jan'03
97 Sale
97
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100i2Jan'02
!!!;""89"
89
89
107
..
132
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mill
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94
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128
98
98
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97
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Oct '00
102
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1942
1942
1945
1949
g
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1912
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M-N
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1905
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1912
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Consol gold 53
1919
Apr'02
13214
lOO^a 101
112i».
J-J
J-J
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99"% 101
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71
72
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1921
1921
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Tr Co certif'sgngSHzs.igie
C St L A P Ist con g 58.1932
Registered
1932
CI A Pgen gug 4 "28 ser A. '42
Series B
1942
Series C 3'38
1948
Series
Series
Series
Series
Pitts Ft
114
133
128
9934 Sale
Series D 3»28
1950 P-A
Erie A Pitts gug3i28 B.1940 J-J
Series C
1940 J-J
J-D
MS
Jan '03
Jan '03
131»4 Apr'03
A-O 100
M-N
2d78
3d 7s
Penn RR
J-J
124
138
124
139
105
102
101
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J'ne'98
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124
139
Jan "03
Fob "02
126«B.
FA
Oswego A Rome See N Y
O C F A St P See C A N
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87
861* 91
9278
87
91
91
Jan '03
May'03
1061a
J'ly'03
103
J-D
g 5s.
General gold 5s
1937 A-O
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Ore RR A Nav See Un Pao
Ore Short Line See Un Pao
103T8
101^8
Dec'02
lOO^^ Apr'03
OS
105
98
105
114
1
lie
117
Wash Cent Ist g4s
1948 Q-M
Nor Pac Ter Co Ist g 68.. 1933 J-J
Ry
Cal
Nor
See So Pac
Nor Wis See St P M A O
Nor A Mont See N Y Cent
104
106 "4
9934 1001^
lllVj
101
10034 103^
101
102»4
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St Paul-Dul DiT g 48.. ..1996 J-D
Registered
1996 J-D
St P A
P gen g 68.. ..1923
Registered certific'8..1923
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2d 58
1917 A-O
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1968 J-D
IO312
79 Tg
106
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ac ot
9934 J'ne'03
99
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F-A
J-J
J-J
J-J
J-J
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110141141a
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11014 J'ne'03
11038 J'ne'03
116>2Feb'01
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92>2 96 Jan *03
1271% Oct '02
128 Jan '03
130 Apr'Ol
102 la.
104 Apr'03
.
Q-M
M-S
9434 Sale
9434
95
96
128
ioi" i'oT*
J-J
MN
96
128
98
94" io7'4
110
on Next Page
Telesraph and Telephone
Am Telep A Tel coU tr 4s 1929
J-J
55
112
1024 100
M-N
FA
F-A
A-O
J-D
2d .iold 59
1926 J-D
Kan&HC AClstsf?5s.l951
JJ
Pleaa ValCoal Ist gs f 59.1928 J-J
RochA PilCA l|iurm 53.1946 M-N
Tenn Coal T Div Ist g6s.al917 AO
Birm Div Istcon.sol 6s.. 191 J-J
Cah C M Co Ist gu g 68. 192:; J-D
De Bare A Qn <ra a 69 191 FA
Va Iron Coal AC 1st gas 1949 M-S
Wh LE A PCColRt eos 1919 J J
* No price Friday; latest bid and
\
Honsatonio
Co Ist g os
Pac Coast
Missouri
J'ly'02
niISCEL,l>ANEOUS
1:
120
MS
N H A Derby conges. .1918 M-N
N Y A N E l8t 78
1905 J-J
Ist 68
1905 J-J
N Y A North See N Y C A H
N Y O A W ref Istg 48..(/1992 M-S
Regis 86,000 only
j(1992 M-S
N Y A Put
N YCAH
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pao Co
Nor A South l8tg5s
1941 M-N
Norf A West gen g 69
1931 M-N
Improvem't A extg68..1934 F-A
New River Istg 68
1932 AO
N A W Ry Ist con g 48.1996 A-O
Registered
1996 AG
PocahC A C joint 48.. 1941 J-D
CCA T Istgu g5s
1922 J-J
Scio V A N E 1st gu g 48 1989 M-N
North lUlnois See Chi A N W
North Ohio See L Erie A W
109 >2 Sep '97
98»8
1992 Sep
Coal and Iron
Cah Coal .Mm See T C I A R
Clean Bit Coal See N Y C A H
Col C A I Dev Co am g 58.1909
Col uel Co gen gold 6s. ..1019
Col F A 1 Co gen 9 I g 58. .1043
Convertible lieb g 5s
1911
Or Rivcoal A C Ist g 6s.. 1919
Jen & Clear C A I Istg 58.1926
116
Deo'99
10634 1113^
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107'..
112 May'03
123'aM.ar'03
127 J'ne'02
110 Leo '01
106>aNov'00
lllia.
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SeeNYNHAH
New York New Hav A Hart—
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Registered
1884-1904
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1890-1905 J-D
Registered
1890-1905 J-D
Debt ceils ext g 48
1905 M-N
Registered
1905 M-N
Lake Shore coU g 3 "28.. .1998 F-A
Registered
1998
Beech Creek Ist gu g 4s. 1936
Registere<l
1936
2d gu gold 58
1936
Beech Cr Ext Ist g 3 "uS 61951
Cart A Ad 1st gu g4s...l981
Clearf Bit Cuallsts 148.1940
Gout AOswelslgngos 1942
112
1121a
107
J'no'o;;
J'ue'0;i
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Panama
76»a
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N YLEA
Registered
J-J
1997 J-J
Registereit
122»4 124
J'ne'03
112'2
Jasper Branch 1st g 6s. .1923 J-J
McM .M A Al Ist 68. .1917 J-J
Branch 1st 68
1917 J-J
TAP
1951
R WAOconl8text5s.M92V
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R W A O T R Ist gu g 58.1918 M-N
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He,cl8tere<l
1937 A-0
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See D L A
J'ly'02
114
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1936
A-0
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J-
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2000 M-N
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911a
122 »9 1274
12438l25>a
100 '-J...,
1940 f.'S *10l
1940 J-J
N
122'2J'ne'03
12436 Apr'03
9134J'ly'03
114 Mar'03
93 Feb '03
101iaJ'ne'02
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...
101
1931
48
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J
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112 113
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111 111
,
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gold
1928
107
'106
101
190
199
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199 J. I)
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net Mon A Tol Ist 7s. 1006 FA
Ka A A G R Istgu 5s. 193^ J-J
Mahun C'l RR Isl 5s.. 1934 J-J
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J-J
1934 J-J
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Mar'OI
73 Sale
14 "a Sale
105
Sangt
January 1
105'-jNov'01
2361
7s.l90;i
2(1
Registered
111:',
100:'4
too
103^8 Deo'02
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Metropolitau Kl See Man Ky
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let oouMol income s 3s.al931' .ny
3(1 oonsol income x 39..(il93ii .lly
1917
Equip A collKolilSs
1919 .\-o
2il series Bold 5s
1907
Coll tr K 4'-js Ist Ser
Mex lutoruat 1st con 6:4s. 197
1977
Starapeil cuuraut eed
3~.
Last Sale
Ask Low
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•105
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Registered
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92
Sale
AO
^\'eek•s
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l
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100
100
19'.U'
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97
107'-jl07>-j
25
11212 J'ue'ii3
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107 V* J'ne'oH
89'.j
89
113 Mar'0:i
95
.
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986 FA
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s 1 993
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I'll
9714 J'ue'03
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89 Sale
108 i-i
113
M
M
LA A M
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125 4 Aug'02
75 J'iie'ii2
113 XoT'99
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1 St s 4 "-js 1945
<fc
N
Joint 49. lilo2
N'Soutli
Kla&.S 1st Jtu K5S...1937
Peus <b Atl Ist K" 8 08. .1921
8 ife -N' Alft con en « 69. .193b
STOCK EXCHANGE
WBKK E.VDINO JULY 24
N Y Cent A H li—{ CoiUinti^tt)
N. Y.
Janiiary 1
Ao Low
165
BONUS
/ianye
Since
or
Ask Low
Bid
OTi'inufrfJ
Pensacola Dlv KoldG3...1920
1921
1st KOlittis
St
2ilgol.l 3s
fYidav
J
80
Sale
108
102
106
S3
791a
112
77
112
6 100 106
761a 9634
294
115 J'ne'02
107 May'97
80 Mav'97
106»4Feb'02
105 Oct '00
103 J'ne'03
109 J-ly'03
105 Felj'OO
10234 10234
103
7313
Nov'OO
Apr'03
100
75
32
asked this week,
77
Jan '00
a
Due Jan
101
10234
75
81
6
Due Feb
>Ianuiactnrins •& Industrial
Bicycles Ideben 5s 1919
Am Cot Oil ext 4128
1915
Am Hide A L 1st 8 g68..1919
-Vm Spirits Mfg l8l g6s..l915
Amer
t
1004 Oct
109
114
e
Due May jrDueJ'ne
/i
Due
10534....
Q-F
.S
101
107
Oct
Nov'02
10514 J'ly'03
10218 IO2I4
I0712 107 4 J'ne'03
....
34
97
86I2
M-S
J'iy
961a
'00
'99
10G34 106i2J'ly'03
.M-S
M-
964
961a 100i2Apr'O2
f
West Union col tr cur 58.1938 J-J
Fd and real est g 4128...I950 M-N
Mut Un Tel s fund 63.. .1911 M-N
Northwestern Tel 78
1904 J-J
103 10734
105 18112
964 Apr'03
J-J
Comm Cable Co 1st g 43. .2397 Q-J
Registered
2397
Erie T A T col tr g 9 63.. 1926
MetX A Tlstslgos
1918 M-N
MutUnTelCo See Westn Un
-V Y A N J Tel gen g 5s.. 1920 M-N
No Westn Teleg See West Un
p Due Nov
Keb'03
96iaJ'ly'03
86
SO
87 J'ly'03
g
Option
sale.
IO514IO8I4
106
102
110
105
1074109
34
96
86
85
424
101
93
94I4
—
J
j
186
Bond Record
BONUS
STOCK EXCUANOK
Wkkk e.ndlno July 24
Penn KK Continued
K. T.
^
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1'
MS
M-N
!:u4si;.\;i. FA
4'-3a..l',>:;:'
i;
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107
Hi
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1997 J.J
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See
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Butland Ist con p 4'2S
1941
Kut-Canad Ist tai c 4 '^8.1949
Pere
Marq
CaK Tus lir H :iee
Oalt LakeC 1st g s f Bs.. 1913
8tJo<&Gr l3l 1st g 3-48. .1947
Bt Law & Adlron Ist g 5s. 1990
2(1 gold Gs
199G
St L t& Cairo See Mob <& Ohio
8t L A Iron Mount See
P
8t L K C & N See Wabash
.
.
107 la Oct '98
II8I4
120 Oct '01
112»-jDeo'02
.
1163*.
98
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117»4J'ly'03
98 J'ly'9-
U6»4ll7'4
lOOi-jMar'o;!
lOO'i Feb'(>3
iboii
92
96
06
90
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A-O
A-O
J-D
90
93 >2 "22
J-J
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82
96
16
J'ly'03
94
88
97 Jan '02
llOHiFeb'OS
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Mem
92
St Louis div 1st
99
92
Col
87
5s. ...1919
Virginia Jlid ser C 6s. ..1916
1921
Series D 4-5s
94
9OI2
911-2
74
76
74
76
29
6
2
,
110^4
100
1131a Feb '03
12714
127'^
106
108
103
100
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103
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128 Apr'02
134 Mar'03
115 Apr'97
118 la May'OS
126 la Feb '02
126HJ.
134
W
W
Coll tr refund g 53
1911 M-N
1926 J-J
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T
111
Aug'Ol
11334
Dec '01
A.-1949
J-D
1941
rel gu g 4s 1949
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1949
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2d gold "s
1905
J-J
128
123
95 14 Nov' 01
Apr '03
111
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Aug'Ol
95 14 May'03
96
964
21 78
4 101
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111
87
7812
101^4
103 4
IIII4IIII4
11 II4
May'03
95iaFeb'03
90
102
06
96 Hi
85 >a Sale
954 954
Jan
'03
961a
97
85
95
857=
Apr'02
102 >s 1051a Feb '03
98
9r'34
99
99 14 Mar' 03
84 Is 84 J']y'03
FA
F-A
J-D
J-D
F-A
..
110i4Feb'03
J-D
..
105
1931i M-N
Mex & Pac 1st gSs
Gila V G & X Ist gu g 58. 1924 M-N
Hous E & W T 1st g 58.1933 M-N
..
..
..
19331 M-N
..
102
Slanulaciaring «& Industriall
Am Thread 1st col tr 48.. .1919 J-J
Bar<fe S Car Co 1st g 68.. .1942 J-
i-vrg 13.1&5I F-A
l.'it g5.'(.'27lA-0
Di- ujiitrg 58.1911
Dl-:
J-J
1910| J-J
lU Steel Co deb OS
Noti-coiiv deben 58
1913 A-O
•
.;oD
78
67
60
Sale
Sale
g6B.1918 F-A
Ki.
l.Ht g5s.'28 A-O
^' -.».... 1923'A-0
Nat.>3tarcU.UfgColstg6sl920|M-N
Nat Htarch Cos f deb os. .19251 J-J
sun Rope <fc T Ist g 6S...194-6' F-A
93
95
107
La'
Income gold 5s
19461
r,f.irh Co 8tdebg6s..l913:M-N
';oil<fe mge58.'22IF-A
U.'^
1A"
19:;2:j-J
Us
U
h
.1..
•
i
.•.ipcollr2d5s.rf'03|M.N
*No price Friday;
latest bid
Nov'02
Sen '02
113 Jan '01
105 4 Nov'Ol
76
77
76
864
IIOI4
Apr '03
1114 Apr 'Ol-
IIOI4
111
103 14 ios I4
104 >4 JMiiVDS
1104
1114
103
105S4
llU!4 ."M»\'03
1053.1
1064
K('l)'03
119 4
119
110
107
11934
11934
1 1 9^.,
1044 1044
MaiO;!
119
110
107
M»v'l'3
10S«.i
107
J'noOS
108
M»y'02
105
Apr '03
117
Fob '03
1-1
110
110
10834 112
ii>4"4
SiUe
Sale
94
110
117
94
Dec '02
Sep
'02
1161 8 Stay '03
115 J'ly '03
114 Jan •03
122 Mar '03
115
115
114
122
123
114
124 4 Feb '03
114>4 114 J'ly '03
1011 iJ'lv '00
....
109'
....
10 9I4
92 Sep '02
106 1041 (J'lV '03
123 Feb '02
112 Feb '03
1104 115 Jan '03
.110 110 J'lv '03
....
10 109
115 4
Mar '03
117
104
J'ly '00
'02
1164
119 4
11534
124
1244
118
11134
ib44 ibs"
112" il2"
115
115
110
1134.May '03
93 Feb •03
110»4.
1184
974
11241134
94
984
MarOl
120
'iis"
105
89
.S9
96" 120
96
MS
F-A
J-J
89
101
112
116
113
li2 4Apr'03
"94"
M-S
M-S
4s.. 1924
68. .1914
ni\
'02
1164
II34I1308
93
115
93
1154
5s
2000
72000
1931
1935
58.. .1935
J-D
Mar
J.
J-J
AO
Ham & Butt 1st g 43. /il946
BR
gT g 4s. .1947
J-D
Ulster* Del Ist con g 5s 1928 J-D
J-J
Registered
1947 J-J
1911 M-N
1st lien convert 48
1911 M-N
Registered
Ore Ry <fc Nav con g 48.1940 J-D
Ore Short Line IstgGs.. 1922 F-A
1946 J-J
let consol g5s
<fe
4 Sep
SeeDh&W
La Div B L Ist g
T0I& O C lstg5s
n Pac
125
48
F-A
J-J
J-J
1144118
11£
May'OS
102
102
115
81 J'ne'03
.1134 111 Jan '03
110
110
110
110
1104J'ly'03
.110 107 Feb'03
90 4 J'ly '03
90 4 J'ne'03
90
85
85 4
85 4
73
71
7434
96^4 98 Apr '03
'108
110 Apr'03
95
81
111
110
9234 Sale
9934
100
92
100
102
100
111
113
1104113
107
97
92
8334 86
80
71
98
98
107
90
89
'
9934 Sale
1177.
11S41184
11478 114
,
1
Utah
107411234
IIII4 IO714
IO714
1151, 114i4J'no'03
115 115 J'ne'03
109
281
J'ly'03
94% i269
1104
99 »8 103 as
100 1034
92 1074
10541054
974 27 97 102
123 1274
10514 J an '03
'
97
123 124
109 4 Sale
90 14 Sale
106
104
97
123
J'ly'03
109 4 110 "is 109 114
90
146 894 984
91
115 Nov'02
114 4 Apr'02
& Black R See N Y Cent
Val Ind & W See Mo P
Ver
Irginia Mid See South Ry
Va & Southw't Ist gu 53.2003 J.J
1939 M-N
Wabash Ist gold 5s
2d gold 58
...1939 FA
Debenture series A
1939 J-J
24
102
Ist consol 48
105
105
1064 1064
101 4 Apr'03
554
657g
104 4 Dec '02
W
105
10941094
114
107
101 1034
55 1134118
5 104
111
100 lOl^g
65 4 8434
11434
""'5
10979
107
107
97 Mny'02
84 J'ue'03
98 Mar'02
109 4 Mar'03
"si" "864
1174 May'OS
117141184
107
ibs" ib94
Wash Cent See Nor Pac
-See Southern
Wash O <fe
11014112
1074 109 '8
1097gjan'03
10912 Feb'03
105 May'OS
1021a Deo '02
Sale
MS
Wheel Div Ist gold 5s. .1928 J-J
Exten tfc Imp gold 5s. ..1930 FA
105
1004 101 4 J'ly '03
1939 J-J
Series B
67 Sale
Ist lien equip s fd g 5s. .1921 M-S *1034
Det & Ch Ext l3t g 5s. .1941 J-J
109
Des Moin Div Ist g 48. .1939 J-J
90
1941 A-O *.••-•• 84
OmDiv 1st g 348
T0I& Ch Div 1st g 48... 1941
St Chas Bridge Ist g 68.1908 A-O
Warren See Del Lac <fc West
<fe
Feb '03
100
114
106
1949
Wilkes <fc East .See Erie
Wil <fc Sioux F See St P M
lis
97
30
1144Jau'02
105
*112
MS
9641014
96 4 J'ly '03
40 Mar'Ol
89 4 Sale
112 J'ly'03
113 Sep '02
110 Mar'03
89 4
90
19
112
1164
110
110
894
93i^t
&M
W
Winona <fc St P .See C & N
Wis Cent 50-yr Ist iren 4s. 1949 J-J
87
Sale
874 18 80
87
924
BONOS— Concluded.
MiKcdlnneoiiK
74
1
•
89
MN
9641004 WestN Y& Pa Ist g 5s. .1937 J-J
1943 A-O
Gen gold 3-4a
86
92 4
((1943 Nov
Income 5s
10541054 West No Car See South Ry
West Shori) See N Y Cent
98 102
99 14 99 14 W VaCent& P Ist g 6s.. 1911 J-J
84
884 Wlioel'g L E l8t g 5s. ..1926 A-O
.>II.sCELI.ANEOUH
Int:
112
904 944
Utica
W
So Pac Co— CoU tr g4'u8..1905 J-D
Gold 4s (Cent Pac coll). A:1949 J-D
C'oi:
HI
Utah Central See Rio Gr Wes
Utah <fe North See Un Pacific
Oct '02
Dec '99
78
IOOI4IOII4 101 14
See Sav F <fe
BU Sp Oca <fc
1924 J-J
Bod Bay <& So 1st g Ss
So Car <& Ga See Southern
guar 5s red
134I4
108% 112
<fc
W
1st
1054
107
113
JJ
M-N
l'J27
& participating
1908
& Nor Ist 78
11841184
1926
Gold 5s
C Co See Pa RR
Uni N J KR
M
1st gug 03
A* N W 1st
104
Ao Low HigK
'03
111 Mar'03
92 May'03
127 4 Feb '02
HI 4 Oct
'.
M-S
193ij
2d gold inc 58
Tor
1104114
110>a IIOI2
101»4 101 4 J'ly'03
SFePresifc Piil8tg5s...l942 M-S
8 A & A P See So Pac Co
8 F A N P 1st sink t g 63.1919 J-J 1054.
1st gold 63.. ..1934 A-O
Bar F &
1934 A-O
l8t gold 5s
St Jolm's Div 1st g 48. ..1934 J-J
Ala Mid Ist gu gold 5s..l92» .M-N 104
Bruns it
1st gug4t».. 193a J-J
SUSi)Oca<& G gug 4s. .1918 J.J
Scioto Val & X E See Nor &
Seaboard Air Line g 4s ...1950 A-O
78 Hj Sale
Registered
.
J-J
J-J
J-J
1935 J-D
General gold 5s
11341134
Kan<fcM Ist gug48.... 1990 A-O
12714 13514 TolPcfe Wist gold 48. ...1917 JJ
TolStL&Wprlieng34s.l925 J-J
1950 A-O
50-year gold 48
106 1114
140 MaT'02
106
106
lieisApr'Ol
105 >4 108
Registered.
1937
Istguar gold Ss
1937
WUItSi S F Ist gold 5s. .1938
Bt P <& Nor Pac See Nor Pac
<fcO
Bt P & S'x City 5ee C St P
<fe
89 4 974
74
86 4
76
86
Hifih
,T'ly
Jiange
Since
January 1
See
Western Div 1st g
llO^i
127^4 Sale
FA
1926
1936 M-N
Ist gold 5s
Nor Div 1st gold 48. ...1948
Uinn Union 1st g 6s
1922
Mont C Ist gu g 63
1937
MK
& N Ala
I2
5 o
J-J
M-S
M
91 Ja Sale
74 Bale
76
M
fi«e
E 5s
M
81
2d g 48
bond ctfs...i>1989
Consol gold 48
1932
Gray's PtTer Ist gug OS 1947
Bt Paul & Dul See ^fo^ PaciUo
& Man 2d 68. ..1909
St Paul
1^ consol gold 68
1933
Registered
1933
Reduced to gold 4 "tjs.. 1933
Registered.
1933
1910
Dakota ext gold 68
Mont ext Ist gold 48
1937
Registered
1937
S Minn l8t div let g 58.. 1908
Registered
1908
J-J
May'OS
105 106
104% 11 1034106
00
127»8J'ne'03
127 4129
<fe
108 Ha 108 "i "s 1084115
SyraBing&NY
95 hi Jan '03
954 954 ' rebo & N See K .S; T
100 J'ne'03
100 100
X er A of St L 1st g 4 4s. .1939 A-O *
79
S0>2 326 79
1894-1944 F-A 112 14
91 'g
Ist con gold 5s
118 J'ne'03
118 124
St L
Bge Ter gu g 58.1930 A-O •
31
82 ""s 81
884 Tox & N O See So Pac Co
Tex <& Pac E Div Ist g 68.. 1905 M-S
106
10434
Sale
M-N
L <fc N
Spok Falls & Nor 1st g 6s. 1939 J-J
Stat Isl Rv l3t gu g 448.. 1943 J-D
Sunb Lew See Penn RR
S
79
*116
W inc
ij
g
W
W
M
So
1st
Guar stamped
Ist cy gu
O <fc
West N
1st con g
,
A-O
.M-N
1916 J-J '111
General 5s
127
lOSSiSale
AO
4s.. ..1951 J-J
& Green V 1st 6s
Series
104
104
02 4
103
110
110
109
107 Sale
1
Knox A Ohio 1st g 68.. .1925 J-J 116
1915 J-J 112
Riohife Dan con g 6s
98
Equip sink fiindg 5s. .1909 M-S
1927 A-O 108
Deb OS stamped
Rich
Meek Ist g 4s.. .1948 .M-N
92
StLMBr iVeTRRAotStL
&
ir
<fc
May'03
A-O
ETVaifcGa Div g 5s. .1930 J-J
1956 M-N
Con 1st gold us
ETen reor lion g 5s
1938 M-S
1922 J-J
GaPao Ry lstg6s
A-O
St L & S I'ran 2d g tjs CI B 1906
2d gold Gs Class C
190G
General gold Os
1931
General gold is
1931
St Let 6 K KK cons g 48.. '96
Soutliw Div l3t gas. .1947
Refunding g 43
1951
K C Ft S <fc if cong 6S..192S
K C Ft S & Ky ref g 4s 1936
Registered
1936
Bt Louis So See Illinois Cent
St L S
1st g 4s bd ctfs.1989
19;)S
Div 1st g 44-5s... 1996
SoCar&Ga
88
.
77
106
106
103 4
1918 J-J
AlaCen U l!»t g6s
Atl* Danv 1st g 4s
1948 J-J
Atl<& Yad Ist gguar 4a. 19-19 A-O
lOmNoT'Ol
J-J
J-J
J-J
1905
1912
1913
1994
1994
1st 7s
Registered
11012 1121a
80>2J'ly'02
92 Mar'03
J-J
J-J
&NO
ibo'i-i
06 If
96
JJ
J-J
J-J
A-O
Con gold 5s
100l4l00'4 Southern— 1st con g 53
96
90
J-J
l8tg6sseriesC<& 1)...1906
l8lg6s series E Ji F...1912
1912
1st golil 6s
1937
Ist con guar g 58
1905-. 1 937
Stamped
S Pac of N Mex Ist g 6s.. 191
1937
S P Coa^t. 1st gug4s
Sabine Div IstgGs
96'sJ'iy03
Week's
Itange or
Last Sale
130
122
102
110
J-J
\o
AO
Tex
120>-jDeo'02
93^8
95 167 'bsTg "bsi;
83^8 Sale
B
.
.
1244
J-J
190;-
Ist g 6s series
M
Bher Shr
19'-'0
1907
1st KU g 6s
Guaranteed gold 53
11K!8
Great Cal" 1st guar g 5s. 1927
S A di A Pass 1 St gu g 48 1 943
So P of Ar gu 1st 8 6s. .ol'.Hi9
1st guar g 6s
el910
S Pol Cal 1st g 6s
1905
net South Ry
See Southern
1939
jt48
Consol ami col truat 43 .1949
Utah Cent 1st p.i p 43.al917
Bio Gr Juno 1st tug is... 1939
BlogrSo 1st gold 48
1940
Guaranteed
1940
&
\V div 1st g 6s ';U)l M-N
U»<V: 'r Ist Ts.l'.US' A-O
N YTAMox gulst uls.lS'li AO
II
Jt Meok
BloGr West let
Boch
^organ's
]04>-jl06
108
92
A-O
Waco it N
137" Nov'97
M
J,..,.,
Consol g 6s
Gen gold 4s
124Hj127
95
05
118>8l21K:
.1IO9 111
109 113
,
,
NY
Rensselaer
8ff
lilt guar.. .19121 .A.-0 "
*
uit's!:uar..l92lj
1st gold 68
.
W
a
^...t coll
li^rice
lyidav
July 24
High Southern Pac Ciy—( Continued
Bid
Ask Low
H & T C 1st g 5s int gu..l937 J-J 1104
108^4
;!!!
J"ne'03
118'8.riv'(i3
109 Ma\ 0::
109'8J'ly'03:,
-D
-. ..
Pit.^
^
Pitts Clev it IXil Isi j; 6s..li>
A-O
.* Cti
»<! Pfuu Co
Pitts Kt
Plt'~
19'J-.' J-J
...ilif.'8 A-O
Pit
Pii
Ceil
.. Isi s JS...1940 .\-o
Pli
1~
I'lilus
1943 J-J
Pit>,^.v >. ,=.L l8t !r4s
1917 J-J
Jfc Co cents
J P
Y * Ash 1st con 58.1927 M-N
PUM
May'bo
I24'-.Ai)r'03|,
M-N 106
A-O *109»8
10;*'.'
1
'
'2
ibe
106
1
I
>-A
•
Nov'971....
[Vou LXXVII.
BONDS
STOCK EXCHANGE
Week E.ndi.nu Jcly 24
Noof Cal
.
"
11234 Mar'OOL...
M'.i-.'l
^
Per;
104
120
os....li>-Jl
>i
A'o Lo\e
102
4
N. T.
St
ifc
iot
JJifflll
107
102
MS
ls.li'44
A.
Kast
.t
Pe.
Atk Low
Bid
1943' M-N
S4S...194-J
1
—Concluded—Page
Weekf «
Jiange
2-31
Range
,~ or
Siiioe
\S%]
"
Last Sale !*;< January
ftiiltiv
July 34
(
Conso! eoU14s
A'
J
)1
108
.
96
.
91
681 2
48
4
110
Sale
78 J'ne'OS
80
78
105 Jan '00
57
59 "a 119fi 564 6734
60
62 4 12K 60
77
100 Mar'03 ...* 9834 100
'99
99 Jan
100 Miiy'02
107 J'ly'03
10534 iio
93 Feb'03
93
93
96 '4
974 29 964 974
95
68
454
78
Sale
Jan
254
77'>9
and aaked. a Dne Jaa
J'^1
22
94
68
40
34
1104 15 110
110
91
::::::::::::
60
4
5
Sale
Mar'OS;....!
J'Iy'03....i
'03
91
5
25 4
80 •2000
bDueFeb
c
23
773s
Adams Ex col tr g43
1948 M-S
Am Dk Imp 5s A'ee Cent N J
lOS^e Sale
lOS^s
10334
16 103
108
73
76
75
964
<fc
Am SS Coot W Va g 5s. ...1020 .M-N
B'kl'n FerryCo 1st cons g 58 '48 F-A
CUicJc«t St Yard col g 5a. 1915 J-J
UetMcfc M Idgr inconi(;.'i..l9il A-O
Hoboken L <fc 1 gohl 5s... 1910 iM-N
Mad S(| Garden Ist g .=)s.. 1919 M-N
.Man Bch i£ <fc 1. -svn u 4s.. 1940 M-N
Newp Ne Ship *-D 1> .vs di'.fM: J-J
N Y Dock 50-vr Ist g 4«..19.-.l FA
95
St Joseph Stk Yds 1 st 4 4h. 1 930 J-J
80
St L Ter Ciipples Stat'n * Prop
08
Co l8tg44H 5-20 year. .1917 J-D
13 4
Yuba Wat Co con g 6s.. 1923 J-J
S
1144
.Sp Val Wat Works let Os 1906 M-S
91
80
US Red&Ref Ist stg 68.1931
10084 J'ne'02
50
'
1004
75
Sale
914 92
73
111
75
Mar'03
Mar'Ol
30
50
Feb '02
92"'j'iy''03
13
894 95
983/.
1014.
101 Feb '97
113 4 J'ly '00
82 Apr'03
82
86
87'8
Due Mar d Due Apr
ff
Due J'ne
/i
Due J'ly
te
Duo Aug p Due Nov
9
Duo Dec
jOptionsalfl
July
— ———
—
.
.
THE OHKONICLB
25, 1903.]
of Business at Stock Exchanges
Volume
TKA2»SACTIONS AT THK NKW YOKK STOCK EXCHANQK
WKKKL.Y AND
DAIL-y,
YBLA.Ri<Y
Untt Sccurilien
jud
tndiauupolis Gaa stock 50
.\1-N
Ist 6s iy20
68
Jackson Gas Co
.".si; 1937
Kansas City Gas
:>3 1922
mod
2S4,827
Satnrday
Monday
...
....
818,t!.J8
78,4ol.800
70ii.4SS
liii.lJa.SOO
2.08(1,000
664,293
61.102.550
123,070,750
2,3yi,700
3,538,000
4.489.631 $420,449,600
Kxchanye
1902
1903
4,»89,G3ll
Stocks— No.shiires
58 1948
$5,6do
»5.000
5,005,!l71
January
to
1
July 24
94.057.89S
100.S29.4'.t3
,
GoTernmeut bonds
*5.0(>0
State bonds
12,933,200
BR. and uits. bonds
Total bonds
$12,938,200
$41,000
6,000
30.167,200
$547,300
$9,142,750
358,600
375,005,500
l,36l>.KtO
559,320,100
$20,214,200
$384,506,860
$541,234,100
KXCUANGKS
^^iyu3^
Unlisted
shares
share*
Monday
6,753
18,761
Tuesday
2.l.4!>6
Batordsy
Philadelphia
Boston
J-isted
5,640
lst.978
14,555
10,376
20,732
30,291
Exch
Bond
sales
$28,000
20,000
49,500
48,000
54.010
11,000
Listed
shares
8,776
20,;!y6
20,710
23,298
20,290
34,852
Unlisted
shares
2,169
7.066
18,787
13,322
10,462
15,736
Bond
sales
$24,500
26,500
14,900
68
65
(12
no
§106
§137
138
721s
73'-.
list
10
55
45
tl(l5
92
i
88
95
>a
"95"
92
98
2''(
t
39
88
41
90
& Telephone
Wirelessl 00
A Cable 100
Biiilalo 100
so Anier 100
I'or't
Tolepli
TCuntral
.t
82
77
98 lol
96 100
42
45
104 14
145
165
112
78
82
47
53
112
(.f
.
Che8<fc PotoTeleph..lOO
J-J
58 1909-29
llConiinorcial Cable ..100
Couimor Un
U'ol
(N Y).25
Enip * Bay >iUito
100
Franklin
100
llGold Jj Stock
1i4>-2S, 1905
'85'
90
Hudson HiverTeleplilOO
5
MarcouiWireless Teleg.5
115
II North western Toleg. 50
158
11N YifcN J Telepho .100 154
58 1920 Sec. Stock Ex chaii p e lis
so
70
Pacific cfc.A.tlautic
2f.
Pro vitlence Telephone. 50 tll4 120
95
HSouthern <fc Atlantic 25
Tel Tel & Cable ot Am. 15
10(i
)•
Electric t'oiiipnnies
llCrucible Steel
11
.'.100
Preferred
32
127
12J9
130
20
20
40
5
15
30
100
Preierred
100
Eloctno Lead Keduc'u.50
Preierred
50
Electric Vehicle
1 00
Preferred
100
1
214
6
10
1'*
8
7
13
I4
Pjlectro-Pneiiin'io'rranlo
100
Empire Steel
Preferreil
100
Fuel Oil Power
100
la
10
49
28
28^4
65
70
9812 100
Chemical ..100
100
11 Preferred
Gold Hill Copper
1
Mfg Co com. 100
100
Preferred
Greene Consol Conper.lO
103"
74%
100
Electric Boat
lllieiioral
A Ik
:S0
ll''.
Dominion Securities. KHi
92
63
.Viucr'J'oleK
lU'll
IiiduNtriiil and .IliHcel
Hid
Consol Tobacco
100 260
3,")
Consol Tobacco— Klghts.
Continental Tobac deb T.s §100
(.;raiiip8' Slut En BltlclOO
25
HDianioud Match Co. 100
.100
Tel
DAILY TBA_NSACT10NS AT THE BOSTON AND PHILADELPUIA
W*4kei\dinu
Tclosrr
.\m Do
',
*420,-l-i!),l>00 $475,829,775 $S.7y7,283.9.")0 $9,5l7,.^:.J,8i)0
Pai- valufc
$3'.tO,7uO
$404,850
$200
$17,300:
Bank sliares. i>ar..
BONDS
.Stock
110* IndCNiitit
J-I)
1st 6s 1926
50
Providence Gas
.St Josev)hGas68 1937. J -J
StI'aullia.s Gen 5s'44M-S
Svraciisi. Gas OS 1940. .I-J
United Gas & Elec( w i) 10
United (*a8jfcElec,N J 100
100
Preferred
1902
1903
Hi
102
12
100
100
Gas
iSVt!
103
A-U
111
$12,983,200
Week ending July 94
Halts at
Ktw York Stock
100
Lafay'»'Ga.-<lst 6s'24.M-><
Louit \Va b V 1st 6s'25. J -1)
Madi.son (Sas 6s 1926.A-0
Newark (Jas 68 1944. Q-J
105'
81
Newark Consol Gas. .100
$974,500
1.0v)l>.5o0
2.283.500
1,323,755
Total
lionds
i;2S,636,7()0
0.8,08-2,000
73->,910
Tuesday....
Weilnesday.
Thursday...
Friday
Bonds
Par value
Sharei
V S
Bonds
State
<Cc
1041-j
5t)
TPreliTred
Railroad
Ash
A-O §100
»i
1IL;lcU'dc>
Stocks
Week ending
July 34
187
!»
^
i-i
129
128
i- 19
19 "a
115
125
Guggenheim Explorati'n
4
6
U ackensackM eiulo ws 1 00
90
Mall Signal Co
100
Havana Commercial. 100 '•io"' 24
62
70
100
Preierred
33
Havana Tobacco Co.. loo 29
100
40
Preferred
Gorliaiii
HeckerJones-Jew'l Mill
M-S
iKi 6a 1922
HiTTlim-Hall-MarvinlOO
100
l.si iiieferred
100
2d oreferrod
90
M-N
§102
100
1
3
30
40
4
8
Hoboken Landife ImplOO 200
1910
Houston Oil
1153
Preferred
Hud.son Realty
Interboro K T (full
32
100
98
150
))aidl
Inieruat'lBankingColOO
Int'n'lMerc Marine. 100
100
Preferred
Col tr deb 4i.2l922op'07
International Salt
5
100
100
434
106
8
39
120
100
160
5
'4
20
0712 100
IOI4
10
39
40
16
'
100
I8tg5sl951
y
International Silver. loo
Chicago Edison Co... 100 144 147
.'iO.OOO
18.510
Wednosday .
41
Preferred
100
02,400 Edison Kl 1 11 Brk 4s N Y Stock Excl)
25,517
Thursday
90
J-D
85
Ist 68 1948
83,500 liGen KUlobg3i..s 42 F..A.
41.868
Friday
John U .Stetson coin.. 100 160 170
Hartfont (Ct) Elec l.t 100 225
170
160
Preferred
lOo
175
$2ti7,SU0 Tf KiugsCo El L&P Co 100
67,542
101,572 $210,510 128.322
1.133,905
Total...
'
Narragiiu (Prov) El Co 50 tlbs" '45' KitcheuerGold .Mm'glOO
Lack Steel 5s See Stock ExcJi Ust
35
NY<fcQ Kl L&PowColOO
9I2
8^4
20
Ijanston Monotype
07
75
Preferred
100
Lawyers Mort lusur.lOO 170 175
Rholsl Elec Protec ColOO 130
Lawyers' Title Ins. ..100 300 310
14
16
United ElectricotN JlOO
34I4 3434
LightFuel&P of WValOo
J-D § 65
67
4s 1929
IILorilLird (P)pref ...100 115
A Weekly Review of Outside Market will be found on a preceding page.
Kerry Coinpanic»i
10
30
Ma(Uson Sq Garden.. 100
M-N 602I-.
5
2d 6s 1919
6
Brooklyn Ferry stocklOO
Kailways
llnilwnys
Street
Street
234
Bid
Ask
20
^jjj
Ask
BifcNYlstOs 1911. J-J 107 109 Manhattan Transit
61-2
Grand Rapids Ry....l00 47
51-i
NEW VOKK CITY
54
Mex Nat Construe. pflOO
Con OS 1948 See Stock Exch list
IOI4
101^
Pi-eferred
100
Coal.
92
Monongahela
R
.50
3234
82
83
33
BleeckSt&FulFstklOO
N Y & E R Ferry stk. 100
Indianapolis St Ry See PhiJa list
Preferred
50 t 38's 3834
94
M-N § 90
99 100
Ist 5s 1922
Hist uiorl 48 1950 ..J-J
102 1^
17
18
J C Hob <fe Pater8on..l00
100
i47
N Y & Hob con 5s '46. J-D 103 104 Mosler Safe Co
TIB'y & 7tU Avestk ..100 245
231.
23 12
734 74 »a
100
H ob Fy Ist 5s 1946 M-N §109 110 National Carbon
list mort 5s 1904 ..J-D 100 looy 4sgNovl 1949. ..M-N
90
93
6
\'
Lake
(Chic)
Elstk.lOO
Preferred
St
6
108
100
106
104
Hi
<fe N J l8t 5s 1946. J-J
}2duiort 58 1914 ...J-J 102 Si
30 13
25
J-J §101 lo 102
1st 5s 1928
50
60
TINat Euam<& Stamp 100
10th & 23d Sts Ferry 100
Jon 5s 1943 See Stock Excli list
84 14
84
100
ULouisv St5sl930..J<&J §114 117
107
1st mort 5s 1919. ..J-D §104
H Preferred
B'way Surt 1st 5s gu 1924 J106 113
'24.
§116'-j
100
115
J-D
Lynnifc Bos 1st 5s
118
National .Surety
100
37
38
lyuniou Ferry stock .100
2d 5s iul as rental 1905 i 98 101
Exch
4
Minneap
St
Ry
<SeeStk
Ust
NewBrunsCannelCoal
10
270
68
94
265
95
M-N
Hist 5s 1920
ITCent'l Crossl'n slk..lOO
10
47
50
100
12
20
llNew Central Coal
UlstM 68 1922 ...M-N iV21 123 NewOrlRysCo
Railroad
5
39
Preferred
100
42
New Eng Consol Ice. 100
TICenPkN&EKstk.lOO 210 220
JJ § 83 83^ Chic Peo <fe St L pref.lOO
412S 1952
Y Biscuit 6s 1911. M-S 112 115
189
9
ljClir't'r& lOtliSt stklOO 181
120
130
100
North
stock.
100
101
100
Excli
list
Chic
Str
NYMtge&
Security.
Ueng4ii2S'30M<£;S
§106
108
Stock
Prior
Col<fc 9th Ave 5s 6e«
20
J-J §
1st 5s 1009
98
93
98
UNew Y'ork Dock ....100
Bstk.lOO 110 120
Con mtg g 08 1930. J&J
flDry D K
44
54
19
North Jersey St stocklOO
21
100
109
22
26
Income 5sl930
fllst gold 5s 1932.. .J-D 108
1i Preferred
43^
103
5
4s 1948
M-N 75
76
Ch R I <& Pac 5s See Stk Exch Ust N Y Transportation. ..20 f
flscrip 58 1914 ....F-A 103
159
§124
Pat
Ry
con
.J-D
126
Nicholson
File
...100
410
6s
1931.
Co.
405
Erieconv4sAprl
80
86
AvenuesC.lOO
§
flEightU
'53(wi)
24I2 26
2
2d 6s 1914
A-O §100
Lum'r & PulplOd
8
109
Nor
liScrip 68 1914. ...F-A 105
11 Nat RR of Mex 2d pf (wi)
6I4
4
Rochester Ry
100
75
8614 87
100
HOntano Silver
Northern Securities.. 100
1l42d<fcUrStF'yslk..l00 410 416
29
32
90 100
Preferred
100
36
Otis Elevator com
100
Av 100 70 75
Pitts Bess & L E
50 f 30
c& St
flt2d St
90
Con 6s 1930 See Phila list
94
Preferred
100
75
Preferred
50 t 71
5l8t mort 68 1910 .ai-S 108 110
2d 6s 1933
J-D §104 106
Pittsburg Brewing
50 t 3114 3II3
96 100
31
Va & Soutliwes tern.. 100 25
1|2d income 6s 1915 J-J
47
So Side El (Chic) 8tk.l00
97
Preferred
5(! t
99
Lex Av <fc Pav F 5^ See St t Exc list
Industrial and Aliscel
27^8
100
Pittsburg Coal
Metropol Securities See Stk E X list Syracuse Rap Tr 5a 1946 §101 103
]&l2
Unit
Trans)
100
17
Preferred
84
85
Stk
E
X
list
Rys
(St
L
100
103
Street
Ky
See
Alliance
Realty
100
Metropol
Preferred
100
67
70
100
11 Tg 1312 Pitts Plate Glass
UAUis-Chalmers
100
Ninth Avenue stock. 100 190 205
Gen 4s 1934....&eeStk Exch list
97 100
Pratt <fe Whitn pref..lOO
85
100
Second Avenue stocklOO 213 215
IJPref erred
UnitRysSanFran i(«eStk Exch list
Procter & Gam ble
loo 365 380
55
HAmer Bank Note Co. 50 52
Hist mort 5s 1909 II -N (J104 106
33,
201
Ky
9
11
Preferred
100
114
Wash
&
El
Co..
..100
F-A
4113
1948....
American
Can
com.
3^
Consolos
..100
36»2 37 12
Preferred
100
118
Realty As.soc (Bklyn)lOO 115
Avenue stock 100 175 180
Preferred
38
100
tSixth
J-D
101
4s 1951
72 "u 7312 American Chicle Co. .100 lo5 112
Koj-al Bak Powd pref.lOO 100
ou Boulev 5s 1945. .J-J illO 111
61
63
60
Russell & Erwin
HWest Chicago St ....100 50
25
Preferred
92
87
So Fer 1st 58 1919. ..A-O J105 108
100
I2 Safety Car Heat& Lt 100
174
175
Exch
list
Is
Stock
OS
1936....
M-N
87
Avenue
See
TICon
§
American
g
Elevated
Third
1
412 Seminole Mining...
P & II 5s 1928 107 108
Amer Graphophoue...lO
3
Tarry
I2512
Simmons Hardw com 100
YkersStRK5sl946A-0 108 109
Preferred
8
10
Gas Securities
'96
Preferred
100 121
90
Amer Press Assoc'n.lOO 85
aStlidc 29111 St8 1st 5s
U13
I2719
2d preferred
100
^Twunty-Th'd St stk 100 402 410
Amer ShipbuUdlng...lOO 35
37
NEW YOEK
28
35
103
J-J 102
Simpson Crawford CJo 100
Preferred
99
Deb 5s 1906
97
loO
85
Cent Union Gas Istos. §10612 1084
Deb s f 6s '24 01) '05 . .J-J 75
Soda Foun com.. 100
2
Union Ky Ist 5s 1942 F-A 115 116
4
Exc
h Ust
Singer Mtg Co
100 330 360
We8tchestl8t5s'43J-J 108 "a 109
Con Gas (N Y) stk. See St k
1st preferred
78
82
100
r>
2
1712
Standard
MUUug
E<iaitGascon5sl932 See Stk E X list
Co.lOO
2d lireferred
20
100
BBOOKLYN
23
19
Preferred
HMutnal Gas
100 270 290
100
American Surety
50 165 168
72
ysii
Atlan Ave 5s 1909.. A.O §104
New Amsterdam Gas
Strawboard 6s. ..F-A §95
5s
605
A-O 111 112
1st consol us 1948. .J-J §10612 IO7I2 Amer Tobacco com. . . ."JO 280
Standard OU of
Con 53 1931
J. .100 595
350
37
30
Impt 5s See Stock Exc h list
See Stock Exch list
Standard
Coupler
G EL.
Preferred
140
comlOO
137
11
»...100
Preferred
BB<te
1933. .A-O 101
103
N y <fe East River Gas
Typefo'rs com... 100
30
35
100 125 135
I4
Is
Brooklyn City stock... 10 235 236
1st 6s 1944
J-J §108K! 1101-2
Storage Power
50
Prcteixed
90
95
100
108
312
Con 58 See Stock Exch list
Consolos 1945
J-J §106
Swift & Co See Boston St k Exc h'ge
Amor Writing Paper. 100
4
103
Bklu Crosstn os iy08.J-J 104 106 Nor Un Ist 5s 1927. M-N §104 106
1st 5s 1910.1914. ...J-J §101
Preierred
100
I312 14
26
Bkn Hgts 1st 5s 1941 A-O 105 107 1i Standard Gas com ..100 130 140
Tennessee Copper
70
25 f 25
5s 1919
73
J-J
90
98
Bkln y Co <fc Sub See Stk Exch list
ITPreferred
100 150 160
25
UTexas & Pacilic Coal 100
HBarney & Sm Car...lOO
18
Bklyn Rap Tran See Stk Exch list
1st 58 1930
M-N §113 116
1st 6s 1908
A-O §105 1071a
100 122 130
1j Preferred
450
470
Rcf B48 2002
J.J i 80
Title
Guar
&
Tr
(new)10()
Bliss Company com
50 140 160
OTHER CITIES
HCouey Is. & Bklyn ..100 385 410
Title Ins Co of
Y..100 150 155
Preferred
50 140 160
18
l8t cons g 4s 1948.. J-J
95 100
Amer Light & Tract. 100 57"4 GO
Bond&MtgGuar newlOO 340 365 Trenton Potteries comlOO 12
80
86
Brk C Os X 5s 1939. J J 113 115
90
93
Preferred new
Preferred
.100
Borden's Cond Milk.. 100 114 118
100
80
90
Gr St<feX e w 1st os '06 F-A 103
Directory
Baltimore Cousolidat See Bait list
Trow
new.
.100
Preferred
100 106 108
lis
1
Gr'pt (fcLorimer St Ist 6s 105
10 i
50
Is
Union Copper
Bay State Gas
Camden Land
3 t
Kings Co. Elevated
Blughamton Gas 5s 1938 i 92
95
Union Switch <fc Signal 50 t 85
Celluloid Co
100 114 118
105
lot 4s 1949 See Stock Exch Ust
50
Buttalo City Gas stocklOO
4
7
Preferred
Cent Firevrorks com. 100
20
23
Nassau Elec pre!
83 1^ 84
100
1st 6s 1947 See Stock Exch Ust
Preferred
Union Typewr com.. 100 108 114
60
64
100
58 1944
100 112 115
A-O 113 114 Cliicago Gas See N Y Stk Excli list
1st prefeiTCd
Central Foundry
2
100
2 Il95
l8l 43 1951
100 112 116
See St k Exc h list Cincinnati Gas & EleclOO
d6\
2d preferred
Preferred
10
ls
100
N Wb'^' <fc Flat 1st ex 4'2.s 103 104 Col Gas L c& Heat comlOO 9y
100
1% 3
Deb 63 1919 op 'OlM-N 59
62
U S Cotton Duck
Bteinway 1st 68 1922.J-J nil 118
Envelope
com.
..100
9978 101
Preferred
.S
100
Century Realty
100
115
U
100
70
100
65
17
Cousol Gas (N J) stk. 100
Cliesebrough Mfg Co 100 440 460
11 Preferred
6I2
51.;
Ist 6s 1936
J-J
89
93
Chic PneumaticTool.lOO
U S Light <fc Heat.... 10
62
OTHEKCrriES
TJUSKedcfcRelining.lOO
Cousum Gas (J City)
liClalUncH B) Istpref 100
95 100
Buffalo Street Ry—
100
llPreferred
M-N §100
l8t 6s 1904
95 100
1i2d preferred
100
1st consol 5s 1931. .F-A §112
431.2
113
50 t
IJDetroit City Gas
100
100
95
HU S Shipbuilding ...100
11 Common
Deb 68 1917
100
llPreferred
90
A.O §104 106
Essex & Hudson Gas 100
91
Col & Hock Coal& I pf 1 00
65
60
Chicago City Ry stk. 100 178 1«0
Bonds— .Sec Stock Exc hlist
Fort Wayne 6s ly25..J-J
65
09
1st g 5s 1917
87
J-J
84
Chic Uuion'it.tcieeSt'ck Exch list
i).
89
II4
.Silver
Corp
6s
(w
S
El
U
&
Bergen
100
Compressed
Co
Air
Co.
tGas
..100
1
Clevclan.l City Ky
108
70
U .S Steel Corp new 5s See Stk E X list
loo
Grand Rapids Gas
ConsoUd Car Heating 100
60
Cleveland Klectr Ky.lOO
111
Col tr 5s Ser B <fc D 1951 109
7318 75
F-A §102 104
3.1
25
lilst 5s 1915
TlCons Firew'ks com .100
I2
Columbus (O) St Ry..l00
lia
Universal Tobacco. ..100
Hartford (Ct) Gas L...25 1 49
65
92
100
55
1i Preferred
63'
Preierred
100
5
2
Preferred
loO io3 104
Hudson Co Gas
100
60
Con.'j Ry Ltf.' A Ref ng. 100
234
3
Colum Hy con 5s See Ph Ua list
155
M-N lOSia
Consol Rubber Tire. .100
l"^ Westmgh Air Brake.. 50 tl53
1158 i; 1949
9I2
Crosst'wm lst58'33.J-D §107'i2 108
1012
White Knob ilining.lOO
Indiana Nat & 111 Gas—
8
Debenture 4s
7
Detroit United Ry.See Stk Exch list
114
Ist 6s 1908
.^t-N
53
10 liWorthing Puiini])ref.lOO lOS
Cons Storage BatterylOu
58,
very
active
i Buyer pays accrued interest.
not
a
security.
but
Sale
price.
Exchaugo,
1 Price per share.
SeUs
on
Stock
rights.
1|
a Ex
t
f
Outside Securities
f-
N
N
B&
1-;
Am
M
N
W
Am
Am
J,'
WE5s
NY
H&P
N
Am
N
1-.
8
5
BOSTON STOCK EXOHiNaE-Stock
Share Prices — Not Per
JU»nda V
July SO
Baturdav
July IS
I
246
139
ys»4
247
h245
140
,
247
140
•
i4l>
140
240
l«5i>
iC7' 168
169
1
•
17-2
•
2t>8
•185
•115
13S
•
195
....
165
•42
!
*24>4'24'...
I
83 Si
I
16S
228
201
l»
•220
SOI
76
S2
21^
228
201
201
76
75
16
15
•96
77
78
100
77
86»4
SB's
"2i"4
SO«a
"•i'i"'.
»0%
90>a 90>9
l»JS»
'14i« 17
16
•4»4
'4»4
19
20
19
116>ell7»8
195
•226"'
•201
202
76
32
76
94
76
32%
78
95
77
•86'e 86»e
•85%
90
110
1094111
170
90 H2
110
90
14
•74
-6
19
5»8
•19
21
112 4113%
Il2'ull034
195 4
168
2 -J 8
•15
5'4
20
80%
•Ui% 20%
I3S4 15
74'» 76
76
76
'22*
Jo's
S'2
36
'
Ill
•74 H»
•42
78
-95 100
75% 76
80^4
184
45
13;!
-19 Hi 20 H;
195 l;i6
168
•226" 228
201 202
82
K2
•76
76
•
195
ief" 167
•275 283
•15
170
•110
.•14>9
134
45
86
170
•
283*
134
*42
1-,
IS'6
16-<
.
275
"23'-;
.
78
•96 100
77^8 78
••ti6'g
134
45
'220'
75
37
•SO
•16
•ys;?"'
131
•42
196
i96"'i'H6'
I
276
S2Sj
•20;V
*
,196
i*65'
'•iS'e
b2>-j
•136
•115
'116
.195
280
135
45
•
298
140
.298
136
166'
....
280
i
172
298
136
116
July
'-.'3
170
90
9
72
9
118S
16
16
•6
6 Hi
242
Il69
16i>',
-rtSj
71
7S'a
176',
1
14
75
54
19
12434
124''.
203
2u5
203
•
9
•loeHjioT"*
25
,•26
"«
^•28
29
•2V»
3
.102>«102V2
4t>
29
26^
77'*
»-80
26'>4
77%
I«i2
13
fl8
88
80
90
•86
••86
»»«
4»,
3'4
4'l
47 Hj 4U>«
'
1»4
28
124
205
26 Is 26>4
74%
•HO
89
6%
4^4
44% 47%
t6««
4^4
8
'•8*u'
•60
-24
24
••45
•60
4
•3'a
•425
436
••08
•10
16^1
iHj
1*9^
,•12
15
48Hl 49
;*40
41
'
U8
»113
2%
(
»8
t
98
116
3
S"*
4'b
1
1
7%
8
6H*
6H»
IH.
6H»
6 Hi
•1
87 Hi 37%
•4
••87H»
••70
•60
8
8
23 Hi 2334
6
l"*
4%
44'*
•50
-3Hi
4Hj
425
426
1H»
•12
46%
40
97
•113
15
47 14
40
VI
115
3
7%
4%
1
7%
8
•4%
20
18
115 4 1124
4%|
1
8
36% 36%
4H,
1%|
1
1
1
1014
2
•60
2
••25
2
8%
22% 23
•60
•60
•10
••08
•10
15
16
10
15%
15
14
•12
10
14
15
46
47%
41
41
14
14
•12
15
46'4 47%
40 4 40 4
4
4
•64
•44
•1
•7
36
1
1
1
7
•6
•1
7
6
54
•75"
74
1
1
•70
1
11
11
50
18H>
18%
4Si
^
4
4
97
97
1834
IHi
IHi
9H2
•84
6
87
6
84
84
23%
LattSale 4S%
854 854
6
434
90
6%
4%
40
46
•17
10
18
LattSale
'
1% 1%
Latt Sale
•84 10
224 23
•50
•50
Latt Sale
14 4 16
84
84
14
14
Lasi Sale
Last Sale
414
40 4
4734
40 4
14
•1
94
84%
2
"2*
•6%,
6
6
14
60
18
86
07
45
28%
7
7
74
864
364 364 35
LattSale
44
44
•'•874
8
37
50
18
4
100
86
93
46
29
4%
7
14
>4
*S->t
11
IOHj
46
"*3 4
44 •3% 44 •34 44
420 425
426 425
426 428
11
86
101
2334
14
14
10
84
3%
98
14
14
94
lU
4
100
1%
14
04
86
89
83
84
1
1
Last Sale
LattSale
104 11
47% 494
1834
"97"*
1%
•1
9
80
183.4
4
99
14
14
94
89
Latt Sale
LattSale
19% 20%
19%
19',
11
11
11
86>«
26%
26<4
26
•7%
•es
•i^
4
8
64
1%
•4%
6
11
.'•8's
•83
4%
34
7%
6
19%
lO^ 10%
4 25
34 34
24
3%
7%
BJ's
C3Hi
l»i«
1'4
tB«tor«p«ytef
19
84
74
63
14
C3 4
14
t« (MUed in 1 903.
4'4
6
184
104
19
24
3%
74
lO'B
24^1
3%
74
63% 63%
14 1*4
81
434
83
4 'e
Last Sale
17% 18%
10
104
24
•25
74
3%
74
62 34
62%
•14
14
i Be/ore pay^t of
...100
J'ly '03
Do pref
J'ly'03 Union Cop L'd
97
70%
PulUnanCo
104 4 Svnft & Co
100
J'ne03 Torrington Class A.. 25
Latt Sale 7S4"* j'ij'o?
Last Sale 13
J'ne'08
•90
•50
•50
104
46
29
23
50
Do pret
50
AmerSuj?ar Refin
100
Do pref
100
Amer Telep & Teleg.lOO
Amer Woolen
100
Do pret
100
Boston Land
10
Cumberl Telep & Tel 100
Dominion Iron & St
Blast Boston Land...,
Edison Elec Illuin...l00
G^eneral Electric
100
Mass'chnsettsGasCoslOO
Do pref
100
MerRenthaler Lino. .100
Mexican Teleplioue.. 10
N E Cotton Yarn pref 100
N E Telephone
100
Plant Comp new com. 100
J'ly'03 Reeoe Button-Uole.. 10
J'ly'03
•86
2
234
23
202
90
90
••25
.•8
106
200
86
10
84
-8
204
12
86
60
18
4
100
•b%
6
231
12
85
••7u
86
6
223
88
50
1%
9%
12
70%
II
•1
J'ij'o3
23
10»4
1»4
8%
70 4
J'ly '03
69
48
••IS.
130
2134
61
18%
11834
••80
11
97
•IHj
2
US',
72
11
61
•4
97
11%
18
•80
1
-li
4
na4
Do
54 Amer Pnen Serv
•80
20% 204 •194 20
1
7'«
1
69
J
14
6
235
93
94 4
96
95% 95% 96
115
112 11*
114 114
•2% 3
24 2%
8
74
7
8
74 H°8
74
IHi
'•87%
106
3
niiscellnneoiiN
Clieiu.lOO
pret
100
6
•113
6
6
•1
•7
••30
-8% 10
IHi
•2%
46
•90
••08
I6I4
15
44
Lowell
6
Last Sale ?5
Last-Sale ^8
Last Salt a%
25 »4
29
5% 5%
4% 5
454 46%
614
6
•60
08
•85
•85
•86
&
Boston* Miuue
Do prof
13% Ajner Agrlcul
Latt Sale 9
22% 24
70 4 713,
12%
12
Hj
Boston
76
203
454 454
28% 29
7% 7%
10
•8H1 10
•S'a
:
••25
12
i\i
*19H» 20Hi
2
2
203
••80
90
85
«5
88% 88 4
VO
101
29
22% 25 »«
70 Hi V3%
•12
•86
•90
•jj
101%
45% 454
29
13
86
6
•24
3
101
13
•83
•85
69
••30
64
236
1064107
•25
•28
Lowest
JHighest
FelOO 3,741 62 4 J'ly 1
89% Jan 10 74% Jan
340 87 4 J'ly 15 1034 Jan 10 954 Mar
100
250 244 J'nelSi 262 4 Feb 4 256 4 Dec
Boston <fe Albany
100
265 137 J'ly 21 154 Jan 5 1494 Dec
Boston Eleviucil
100
13%
11
6
231
9
'
107
25 '4
29
107
•25
•28
•80
10
21
2
202
9
-
•80
•00
203
•2%
3
l«'80
2
••25
235
202
10iH>102Hj
46
46
28>a 28H2
«74'8
6
239
164
Lowest
Siuita
75
I-
9
106Hj106H!
•25
26»«
•28
29
-2Hj
6
239
162
*
1334
704 71
144 14%
•6
•iliarei-
in-ef
75
Latt Sale
Last Sale
118
.
Top
Do
134
118% 118% 118%
12934 1314 129
S%
84 "84 9
704 71
'
lor Preoiout
Year (1902)
HigKett
Knili'oailN
.\tch
76
19
114
11341154
84
Hanqe
96 4 Sep
106 Sep
266 May
173 4 Mar
248 Apr
209 .4.pr
183 Apr
307 Mar
172 Mar
136 Mar
202 Jan
,
1644164 4 160 1644 160
160
35)4
33^ 344 30
33
34% 36% 34
76'4 77
77
76% 77Hj 77
74%
764
'172 176
175 175
170 '170
186
1% 1% •1% 1% l"ie l"i6 "*1%
1"b
*29
•28
27 4 274
28
123 123
1234123 Hi 123 i23
i23" 123
Latt Sale
J'ne'03
178
1»4
28
123
28
1184
14%
14
3J34
7d»«
77'\,
176
•28
45 S)
8%
7l»4
15
14
6
6
i239Hj239H»
164 166
36%
l\
SHj
70Hj
118H»
87
-177
9
72
Hange lor Year
1903
3 2;!4 J'ne 1 >5U Apr 8 236 J'ne
100
29 161 J'ne f> 195 J an 5 1904 Nov
100
170 J'ne 6 177 Apr 22 171 Oct
100
Last Sale Jyo
290 J'ly 17 305 Marl3 297 4 J'ne
J'ly'Uo Boston <fe ProvulencelOO
135
23 134 J'ly 14 157 Jan 6 150 Sep
136 136
137 Ohio Juno Ryifc U S YlOO
Last Sale llo
115 J'ly 17 125 Jan
J'lj-'03
100
Do pre.f
123 Nov
LastSale 191
J'ly'03 Con<fc Mont Class 4. .100
190 J'ly 8 1964Mar'_'4 196 Nov
165
80 160 Jan 5 170 Marl 9 160 J'ne 1664 Feb
165
Conn ife Pass Riv pref 100
275 2S3
10 280 J'nelo >86 Feb IS' 2S0 Oct 295 Feb
275
278 Connecticut River... 100
134 131 J'ly 20 143 4 Feb 10 141 Dec 148 Mar
133 133
131
131
Fitchburp pre*
100
Last .Sale 4il
42 Mar 9 42 Mar
Mar'03 Houstou Kl' trio com. 100
47 J'ly 50 J'ntt
5
173 4 May 15 180 Feb 10 172 Jan 1784 J'ly
17341734 '21"
Maine Central
100
21% 21%
Mass Electric Cos
100 2,455 21 J'ly 24 3734 B^eb 1
33 Dec 45% Apr
82
475 80% J'ly 22 96 Jan 7 92 Jan 99 J'n«
S2
Do pref
100
•184 19% 13
J'ly
24
370 13
18 4 Mexican Central
100
28%Apr2o 224 Dec 31 Mar
195 4 195^4 195
195
N Y N H & Hart. ...100 471 U884May21 225 Jan 7 210 Jan 254 Apr
Last Salt 16S
165 May If) 1734 Mar 3 170 Jan 176 Jan
J'ljr'03 .Vorthern N H
100
Last Sa le 230
229 J'nel3 232 Marll 230 Jan 238 Apr
J'ne'03 -Vorwlcli & Wor pref 100
68 198 J'ne2o 212 4 Feb 13 206 Pec 217 Apr
200 205
200
1:05
Old Colony
100
i>05 75
76
79% •794
J'ly 23 91
80 Pere Marquette
100
May 11 68 May 85 4 Sep
•77
81
75 Apr 14 85 Jan !' 79 4 May 91 J'ly
764 77
79
Do pref
100
30
31
250 30 J'ly 15 71 Jan 20 64% Dec 1254 Apr
31 Rutland pref
31
100
-15 ....
•15
50
7 J'ly " 25 Jan 12 25 Nov 31 J'ly
Savannah Eleccoin..lO0
LastSali 80
75 Jan 5 8434 Jan 10 58 Jan 90 May
Feb '03 Seattle Electric
100
•96 100
•95
43 94 J'ly 22 104 4 Jan 6 103 Oct 110 Mar
100
Do pret
100
76
76% 72%
76 Union Pacific
100 1,264 72%J'ly21 104 4 Jan
93% Dec 113 Aug
•85% 861^ 86%
24 S534 J'ly2u 95 Jan 27 86% Mar 94 4 Aug
864
Do pref
100
170 J'ue22 178 Feb2.- 172 Jan 178 J'ly
Last Sale l7o
J'ne'Oo Vermont <fe Mass
100
225 8834 J'nel6 97 Feb 10 92 4 Oct 99 Mar
904 904 90
90 West End St
50
110
J'ne22 116 Febl4 111 4 Dec 117 J'M
•110
1 109
Do pref
50
16^4
9 1634 J'ly 23 26% Jan 15 19 4 Jan 34% J'ly
16%
Wisconsin Central. ..100
9 38 4 J'ly 23 52 Jan 15 39% Jan 55 4 Sep
38% 384
Do pref
100
LattSale ISO J'ne'03 WorcNasli& Roch..lOO
150 Jan 14 150 Jan 14 145 Nov 152 4 May
llbSiliyg 118Hill9% 119 119>4
ai»>9l20
181% 131%
132 13215 130 Sj 132', 130 132
72
the
Weekly and Yearly
Week
EXCHANHK
•J4
64 Hj 654
644
63 Vj 64^
634 64-% 63 4
88
87 4
3S4 8-<4 87 4
88 ^ 558^4
245 245
246 247
247
047
245 215
137
137
138 139
137 13i>S) 139 139
235 235 •230 236
230
235
230 235
16it
167
169 169
169
169
1^J7
172
Sale
Last
.Tly'03
.172
17i
64"8
63><
68^4
66
64»«
I
July
.Sa les
or
BOSTON STOCK
Tliursdait
Jxily -iJ
-Jl
STOCKS
Cpiitiiin Price«<
Wftitifsday
July
Record, Daily,
12
•86
•85
25
<fc
Ms?. 25
United Frmt
100
United Shoe Mach... 25
Do pref
25
U a Leather
100
Do pref
100
U S Eubber
100
Do pref
100
100
U S Steel Corp
Do pref
100
West End Land
2
124 West Telep & Teleg.lOO
Do pref
100
85
'90
90
Westing El
Do
<fc
pref
Mlg... 50
60
6
6
Mining
Adventure Con
4%
44
Allouez
845 13% J'ly 24 26
334 724 J'ue23 S\iU
4 J'ne26
GOO
7
95 15 Jan 2 24
~
190-2.
•Bldandasked-
J
Mar
Mar
4
19 Dec 324J'lT
764 Dec 91 J'ly
4
21
Jan
J'ne
8,418 1124J'ly20 1344 Jan 8 112% Nov
801 117 J'ne 8 1224Feblx 1 15 Jan
18.954 128 J'ly 15 169 4 Feb 18 155 Mar
1,015
84 J'ly 17 14% Feb 24 12 Dec
988 69 J'ly 24 79 4 Jan 22 73 Apr
84J'ly
534 Jan 22
334 May
1194J'ly
127 Jan 6 122 4Api
4,675 104J'ne y 62 4 Jan 2 25 Jan
6 J'ly 13
83,j Jan 23
400
7 Nov
651 225 J'ly 24 310 Fob 17 244 Jan
409 160 J'ly 23 204 Feb 16 17134 Oct
11.763 30 J'ly 24 4334 Feb 20 36% Nov
2,667 744 J'ly 24 88% Feb 17' 82 Nov
181 170 J'ly 21 190 Feb
170 Jan
i4^''iy 6
l%Dec
525
24 Jan 29
125 2434 J'ly 10 86 Jan 2 87 Nov
20
J'ly
139 Jan 2 135 Jan
79 123
9 Apr 2 4 20 Jan
21 Dec
686 197 J'ly 15" 237 Jan 9 216 Jan
9 Mar
10 Feb 13
6 Jan
100 Jan
678 104 J'ly 24 132 Jan
26 J'nell 2634 Jan 15 26 Oct
28 J'ly 8 2934 Jan
28 Jan
134 Jan 12
5 Apr 21
14 Aug
24
93
J'ly
111 Jan 10 85% Jan
3,603
J'nell 53 Jan
6j-' 44
46 Jan
29 Jan
362 28 J'ly 18 31 4 Feb
7% J'ly 22 154Febll 114 Jan
1,980
784J'lyi5 95 4 May
804 Jan
13 J'ne30 184Febl6 13 4 Jan
47%J'nel2 574 J au
49 Jan
29 4 Dec
15,913 21% J'ly 24 39% Feb
24
79 4 Dec
89% Jan
4,771 69 J'ly
14
Jan
•72
50
-Mar
80
1,136
4 Mai
265 12 J'nelO 28 Jan 12 •2-2 1 )ec
91 Feb
60 86 J'ly 23 102 Feb
864Jan
50 86 J'ly -21 108 Feb
J'ly
21
Jan
884
110
29
89 Jan
10
334 J'ly 17
825
26
3% Jan 3
25 1,486
J'ly24
36
Amalgamated CopperlOO 63,047
86
41
60 Feu
J'ne'OS .A.mer Goltl Dredging 5
6 Jan
50
10 Am Zino Lead & Sm. 25
95 15% J'ly 24
25
15% .\naconda
15%
14 J'ly 24
134 Arcadian
25 1,226
14
J'ly'03 Arnold ............... 25 '"653 25 Apr U
2S
8 J'ly 20
25
84 2^^ Atlantic
Bingham Con Min<&S 60 2,542 204 J'ly 24
20%
J'ly 15
50
••40
700
•55
U.)uanza (Dev Co)...
4 J'ly 24
10
4
4 British Colum (Ltd).
100 400 J'ly 24
400
420 Calumet & Hecla
•OS Feb 10
May'03 CataJpa (Silver)
10
OS
25 4,410 12 J'ly 24
12
14 Centennial
6% Jan3l
66
25
8 Central Oil
6%
•26 J'nelS
J'ne'03 Cochiti Tr Co rects.. 10
2S
1%
IH Cons Mercur Gold... 5 5i676 13i,Mayl3
13 Feb 10
25
15
Apr'03 Continental Zinc
37
414 Copper Range Con ColOO is^m 37 J'ly 24
20 1,027 36 4 Jan 20
37
40 Daly. West
100 2,610 72 J'ne
89
93 Dominion Coal
30 112 J'ne
•112
100
115
Do pref
24 Jan
475
12
24
2 4 Elm River
7 J'ly 23
634
irauliUn
25 1,030
7
334 J'ly 24
950
334 Grauby ConsoUdatod- 10
3%
••87%
14 Guanajuato Consol.. 5 1,785 1 J'ly i
5% J'ly 15
1,038
(Copper).
25
6=6 Isle Royale
64
3 J'ly 24
615
25
3
4 Mass Consol
100 1 he J'ly 13
25
14 Mayflower
1%
590
5% J'ly 24
25
0%
64 Miclugan
25 3,488 31 J'ly 24
34 Moliawkt
31
44Jau
J'ly'03 M on tana Coal <fe Coke 2 5
44
770 •75 J'ly 14
•76
•80
Montreal <& Boston.. 5
Mttyl4
•75
May'03 National
..
... 25
75
•60 J'neiU
25
76
J'ly'03 Old Colony
10
104 Old Dominion (Cop).. 26 2.125 10 J'ly 24
25 3,777 43 4 J'ly 24
434 60 Osceola
16
16 Parrott(bilv<fe Copp) 10 1,433 16 J'ly 24
4 J'ly 17
260
25
3^< Phoenix Consol t
3%
630 90 J'ly 24
25
3:90
92 Quuicy
600
1% J'ly 22
25
Rhode Island
"{% Santa
1 J'ly 24
115
FeCGoldifc Cop) 10
"i"
J'ly 16
9
1,445
9'.
10
9
Shannon........
372 75 J'ly24
25
76
80 Tamarack
•40 J'ly 16
40
J'ly -03 Tecumseh ............ 25
1734 Jan 28
25
33
J'ly'03 Tennessee...
80 J'ly 24
2,003
25
80
82 Tnmountain
44 J'ly 24
43, Trinity
25 1,850
44
1534 J'ne22
100
16
J'ly'03 United Copper
164J'ly24
1734 UniteilStates Mining 25 8.523
164
934 J'ly 24
934
10 Unit States Coal <fcOil 25 3,293
22
23% Utali Con (Ch>ld)tr re 485 7,652 22 Jan 24
3 J'ly 24
26 1,675
3
34 Victoria
6% J'ly 24
Wiuoua. .............. 25 1,491
7
6%
J'ly 23
6234
190
26
Wolverine
62
C2
Jan 8
1
480
25
•1%
14 Wyandot
Uoailedia
Feb 11
Feb 14
May
May
135 4 Mar
934
3734
123
Sep
185% Apr
174 Jan
8O34 Jan
4 4 May
Apr
79% Aug
9% Mar
285 May
33234 Apr
41% Not
13034
87 4 Oct
190 Sep
3% Apr
93 4 J'ne
151 Apr
41 4 Sep
250
J'ly
10 4 Oct
177 J'ly
27 Jan
30
Oct
24 Mar
117
Sep
57% May
33 4 Apr
15 4 Sep
91 4 Sep
19% Oc*
624 Mar
4334
Jan
97 4 Jan
ii24Apr
33 4 Apr
106 4 Apr
115 4 Apr
117 Apr
12 4 Dec d 244 Apr
434 Mar
2 Aug
534 Nov 78% Feb
334 Apr
1 4 Nov
6 Dec 16% J'ly
1234Mar21
31% Feb 25 21 Nov 36 Jan
3 4 J an 134 Mar
6 4 Feb
•95
1
Jan
Marl 9 •37 4 Dec
9 Deo
6 Dec
14 4 Feb 10
394 Feb 10 204 Jan 3934 Apr
•90
Maris •40 J'ly 1 »3o Mar
10 4 Mar
5 4 Sep
8 Feb
561 Marl2 420 Dec 660 Feb
18
Jan
84 Mar
75%Marl2
14 Feb 10
Apr
•12
Jan
64 Dec
28
Febll
•10
31% Feb 10
11
•10
94J'ly
•36
Feb 19
V^''z2 Jan
Mar24
Feb 13
484 May
131% Jan 10
16
75
ll84Feb
Marl7
Fob 9
5% Apr 23
3 Jan 12
6
14
174 Feb
it
•25
Apr
l%Jan
15
Oct
334
Jan
Mar'
May
2 Jan
2 4 J'ly
1934 J'ly
Mar 654 Oct
184 Mar 56 J'ly
54 Jan 1464 Sep
113 Dec 119 Jan
4334
14Jan
7 4 Dec
64
1534
Mar
Feb
6% Jan
Feb
934 Dec 25
12 4 Dec 21 4 May
Mar
3%
14 Sep
2 4 Dec
Feb 6
2 4 Jan 23
7 Nov di34Mar
4
11 Feb 9
58 Feb 13 d27 Jan 49% Sep
6 Oct
3 J'ly
8 Marl 3
434 Mar
l%J'ly
2% Jan 10
134 Jan
Jan
Jan
1
23
1%
44Mar
2 4 Feb 9 75 Dec
Feb
234 Feb
14 4 Nov 25
47 4 Nov 3934 Feb
79 Feb
34 Feb 10 21 Nov 34 Feb
5 May
3 Dec
74Febll
1264 Feb 6 100 Nov 147 Feb
14J'ue
34 Mar
4 Feb It
14 Sep 4 Feb
3 Jan 23
8 Nov 18 May
14% Apr 23
190 Feb 6 140 Dec 281 Feb
Jan
3 4 J'ne
60
l»ieFeb 9
3334 Marl2
13% Mar 184J'lT
106 4 Feb 20 d34 Jan 125 Feb
14 Feb 9
H Dec 18 4 Mar
3134 Jan 2 27
Sep 35%J'ly
27 4 Feb 9 134 Jan 23 Deo
17 Marlli 13 Nov 184J'ly
33%May23 194J'ly 27% Fe*
*b
Oat
4 Dec
7
9 Feb 9
6 Aoc
tl4'4 Mario dl Jan
77 Marl 2 42 Jan 66 Dee
134 Jiy
60 Nov
2% Marl
New •took. fAss'tpald, IBx-rlKbitt. aKx-dlT.AiiCbU
18
i
5
JCLY
J
Boston Bond Becord
25, 1903.]
aosuf!-
Price
BOSTOX STOCK EXCH'GE
WEEK ESUlNt; .lfLV24
FYida
July i'
ii
=3.
AsIc
97i.jSale
1008 J-J
4s.iyJl» J-J
Bell Tftlephone ia
Tel coll tr
_„ Telep
Nebraska l8l7i*..iyoS MS
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<&
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Boston <fc Lowell 48
3 044
;Boaion & >laiuo4'o3
..li'Oo
Improvement 4s
Bo-st * Moil ;>il issue 78...iy04
2il
53 trusi rtceipts
1
•J.17S..
M-N
101 Mar'03
11310 Jan '03
113 Feb "03
FA
"9978
A-0
M-N
84
W
Oh
M <& St P Wis V (Uv I5sl920
Chic
Chic
99
102 Si
M-N
F-A
M-N
M-S
"90"
J-J
105
92"
J-J
91)
125
125
125
gen 58.. ..1921 J-D
W Mich
Mont cons 4s.. 1920 J-D
Concord
it
Oonn & Pass K
Ist K 43... 1943
A-O
1927 A-O
Current, Kiver 1st 5s
1st 48... 1940 A-O
Det Gr Kan <&
1913
DouiinioD Coal 1st 03
1900 M-S
Bastern Ist gold Os
1904 M-S
Fitchborg 48
1927 M-S
4s
W
MS
100
io7>i
May'03
99
82^8
100
•66
66>a
105
1934 20
...
11
esia
66Vi
*
•100
•20
Tuesdait
July 21
July ^O
3439 3434
11
11
11
66^^
105
'
ig^a
19%
34
341.
•10>n
U
>...
99
99
>o
lOlHiJ'ly'oa
97 J'ly'03
100
97
107
107
>Q
11 2 >4 112^4
1033j
100
1071-allO
'4
107 14
1351a 138
137 137Vi
74 89 \i 94 Sj
91\ 94
135>2J'n6'03
137 Mar'03
89 14
90 V.
9138 J'ly'03
Sale
addition to the purchase price for
all
66
105
34 14
lO^e
1034
lO^e
1914
2" 18
10
•67
40
2l»i8
10
69
40
t2'a
t9
"-.i
60
16
41 14 41',
34»i8 34»ie
44 S 44'V
84
7V,
40 s.
40
534 51^18
•3334
3434
44%
4438
8
66
40
534 5i3ie
cons iiio3s
Jan 1939
cons inc 3s
Mich Telep cons 58 tr rec.1929
Miiine Gen Elec con k 5s 1929
1929
New EngCol Yarn 58
1906
New KngTelcpli Os
1907
63
1908
69
1915
58
1905
NY'&N Engl.st78
"
No
331a
331a
4334
461a
54%
45*
39
59l8
40 Is
5^16
*1334 15
233io 245i8
401.^ 40-2
*33
33
la
42% 43 18
82
*13
831a
20
Ask
Mid
98
lOf)
0:!
.
101
la.
1
97
95
1041..
101 >2 Sale
Mar'o;
99 >4
78»4
50
4%
Steel.
107
Preferred
100
Phila Co ( Pittfl) pref.. .50
Phil German & Norria.50
Phila Traction
50
Bailways General
10
Snsqutih Iron <fe Steel 5
Tidewater Steel..
10
4534
46I4
943^
95%
314
1
United N J RR & c.."ioo 272%
Unit Pow & Trans.. ..25
United Trae Pitta
50
50
1%
234
60
Warwick Iron& Sttel'lo
West Jersey & SeaSh.60
434
5o
si"
5
74
;
A 1st M 58
<fe
1920
Peo Tr stk
M-N HI
tr ctfs
Feb '02
I00'.,l06>9
1033b 100
10334
102
U2 May'Ol
100 '8 Oct 'O'J
124i4Nov'0'i
105 Oct '02
100 J'no'02
102 Mar'02
95 J'ly'03
10478 Muy'03
107 Fob'O
100 J'ly'03
93
93
104 "a 1041-2
100 Sop 'O'.
101 Oct '02
lOoSjJ'ne'O
96><j
95
04 la 106
107 107
100 101 14
92»8 106
1041a 111
1
lOSHslOS
10234 Apr'03
102»4 10234
102
102 104 "4
101 14 106
J'ly'o:
101 14 101 H
87i4J'ly'01
and asked.
U4iall4>4
H Trust Co. ctfs.
Weekly, Yearly
Range
tor J^eviou^
Year (lyo'i)
1903
Week
Lowest
2,8z7
193
3,217
72 la Jan 5 6214 Jan 74% Sep
118 Jan 12 104 Jan 125i4J'ly
28i4Jan 2
45 Jan 2
14i4Jan 3
12,678
5,406
10,504
3,225
61,323
PHILADELPHIA
5
2
4034
7934
Feb 10
Jan 6
Feb 10
9 Jan 8
17% Jan 5
2034J'nelO 34lli8 Jan 2
59
33
i4J'ne 8
J'ly 15
J'ly 24
5 la J'ly 15
IOI4 J'lylS
23% Dec
40i4l>ec
13 Oct
1
7834
4734
Aug
55% Aug
17 Mar
3434
%Sep
% Jan 10
2634 Jan
9«ie J an
Jan 2
Feb 5
37% Jan 3 45% Jan 30
2iaJ'lyl3
4 Jan
la Feb 18
lis J 'ne 16
7 la J'ly 21
66 J'ly 16
Highest
Lowest
Jiighest
% Jan 10
md
7334 Jan
431a Dec
3% Jan
8i4J'ue
26iiMar
Welsbach
106
s 1
os 1930. J-D
BALTIJIOUE
Ask
50% Apr
9% Sep
18% Oct
39»,8
£id
2d income 58 1951 .M-N
MN
MetSt( Wash) lst58'25F A
Mt Ver Cot Duck Ist 68
153
260
"li"
1^
38
no sales on this day.
y
Lowest
is
ex-dividend.
t
Bx-right*
99
108%
110%
108
108
47%
34
Incomes
New Orl Gas Ist
114
67
14'.2
69
15
5s. .Var
Npt NtfeO P Ist 5s'38 M-N
98
105
109
103
115
115
Norfolk St 1st 53 '44. .J-J
North Cent 4 %8 1925 A-O
J-J
Os 1904
J-J
Series A 53 1926
Series B 5s 1920. ...J-J
Pitt Un Trac 5s 1997.J-J
Poto Val 1st 5s 1941. .J-J
Sec AvT(Pilt8) 53 '34 J-D
100
112%
105
117
114
Sav Fla&We8t5s'34 A-O
ib8% Seaboard A L48 1950 A-O 781. 78%
Seab & Roan 5a 1926. J-J 116
South Bound 1st 5s. .A-O 107
83
84
UEl L&P lst4%8'29 M-N
Un Ry El Ist 4s '49 M-S 9234 92%
123
J-D
Income 48 1949
621a 6234
110%
Va Mid Ist 63 1900. .M-S 105
cfc
116
119
100% 101%
115
115
90
Kuoxv Trac lat 5s '28A-0 100
59% LakeR El 1st gu6s'42M-S 117
'
102%
31
Ask
114
BALTIMOKE
Inactive Stocks
Atlanta & Charlotte.. 100 145
Interstate Rys
Allan Coast L (Conn) 100 245
3-3 %-48 1943
F-A 58
60
Canton Co
100
Lehigh Nav 4%8 '14. Q-J 108%
Georgia Sou <& Fla...lOO
RRs 48 g
1914. Q-F 103
Ist pret
100
GenM4%sg.l924.Q-F
108
2d pref
loO "16"
Leh V C 1st OS g '33.. J-J i07^
G-BS Brewing
Leh V ext 48 Ist 1948. J-D
ii3% Mt Vernon Cot Duck 100
138
2d 78 1910
M-S 120%
Unit Elec L & P pref. 50
36
Consol 6s 1923
J-D 11 834 119
Annuity 68
J-D 135 la 136
Bonds
Leh V Trac Ist 48 '29. J-D 70
AnacostiatS; Pot 5s
95
Nat Asphalt 5a rects
A11& Ch 1st 7. ..1907 J-J 108
New Con Gas 58 1948 J-D 100% 107% Atl Coast L(Ct)ctfs 5s J-D 107
Newark Pass con 53 1930 113%
Ctfs of iudebt 4h
J-J
86
NY Ph & No l.st 4s '39 J-J 98 ibo" Bait CPass 1st 5s '11 M-N 106
Bait Fundg 58.1916 M-N 121%
Income 4s 1939. ..M-N
Excliange 3 %s 1930 J-J 109
No Penn Ist 4s '36..
Deben 68 1905
Refunding 3 1-28 1962JJ 110
M-S
Penn gen Os r 1910.. Var 1141a 116
Bait & P 1st Os m 1 11 A-O
Consol 6s
l.st Os tunnel. .1911 J-J
1905. ..Var
Bait Trac l.st 5s..'29 M-N 115
Consol 5a r 1919. ..Var 1141a
Penn & Md Steel con 6s
No Bait Div 5s 1942 J-D 116
80
Convertible 5s. '00 MrN
Pa <fc N Y Can 78 '06.J-D 10734 108%
Con 58 1939
Central Ky Os... 1912 J-J
A-O 110 112
Con 4s 1939
Consol 53
A-O 98
1932 M-N
Penn Steel 1st 58 '17 M -N
Extife Imp 53.1932 MS
People's Tr tr certs 48 '43
Chas City Ky 1st 58 '23 J-J
Sep
85
10934
11:h
HI
Apr
1
May 29% Sep*
6 Dec 36 Apr
33 Dec 80i4Apr
65 Nov 7934 Sep
29I4N0V 38% Deo
2% Feb 51I16 Oct
I4 Aug
34 J'ly
134 J'ly
he Oct
23
Sep
209 40iieJ'uelO 4411x8 Feb 6 40 Mar 45 % Sep
115 33 Apr 10 4018 Jan 6 30 Jan 405i6Oct
7.384 42% J'ly 24 4734 Febl6 32 Jan 4334 Feb
4,620 8II4 J'lylS 1161a Jan 31 101 la May 126 May
24 Jan 8 31 Marl 1 24 Jan 40% Sep
S R E Side Ist 58 g '35 J-D 110%
98% 98% U Trac Pit gen 68 '97 J-J
<fe
6314
Korth Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel.. loo
<fe
26
"75"
97 i-i 103
102 102
102
Jiange for Year
the
99
91
1 08 "a
118
76
114iaApr'03
Daily,
l'24i4
2434
J'uo'O;;
14
112Vl
73
104 Nov'02
lOO'sMar'tlS
103% 103-V
102
102
A-O
Shares
P Co lat& col tr 5s'49 M-S
8% Elm WU 1st 6s 'lO.J-J
Eq II Gas-L Ist g 58 1928
H & B Top con 5s '25 A-O
Indianapolis Ry 48.1933
60
BW ua a«ked prices
US
'1)3
110% Chas Ry G & El 53 '99 M-S 87
Charl C & A ext 5s. '09 J-J 111
Al Val E ext 7s 1910 A-O 117% 11334 Phil Elec gold trust ctfs.
97%
Trust certifs 4s
593, 60
Asphalt Co 5s 1949 tr ctfs
2d 7s
1910 A-O
P & E gen M 5 g '20.A-O 115
Atl City 1st 58 g '19. M-N 110 14 112
City&Sublst5s..'22 J-D 112
GenM 4s g 1920.. A<feO 105
BaUs Ter 1st 58 1920.J-D
City & Sub(Was)lst58'48
93
96
Berg(feEBrwlst6s'21J-J
Ph & Read 2d 58 '33. A-0 123% 126
Col&Grnvlst6s.l910J-J 111
12034
Bethle Steel 63 1998. Q-P
118
Con M 78 1911
Consol Gas 68...1910 J-D 108
J-D
ConM 6s g 1911. ...J-D
Che <feD Can Ist 58 '16 J-J
5s
1939 J-D 110
Ex Imp M 4sg'47.A-0
CI10C& Me Ist 58 1949 J-J 110%
105% Ga& Ala 1st con 58 '45 J-J 107
Con M ot'82 4s '37.J-T
ibe'
Ga Car & N 1 st 58 g '29 J-J 107%
Ch Ok <fe G gen 5s '19 J-J
105
Terminal 58 g 1941. Q-F 123% 124% Georgia P l.st 6s...'22 J-J U5
Cit St Ry (Ind) con 5s '33
P
Col St Ry Ist con 5s 1932
B col tr 4s '21. J-J 103%
QaSo* Fla Ist 63 1945J-J 112%
Rocliester Ky con os 1930
ConTraoof N J 1st 58. '33 104 >4
111% G-B-S Brew 3-48 1951M-S 4034
Elec
82
9
Lit Brothers
10
Little Schuylkill
50
Minehill <fe Schuyl H..50
•
15
25 14
PHILADELPHIA
E
15
8
Keystone Telephone ..50
Westmoreland Coal.
24ii8
103
J.J
F-A
A-O
A-O
A-O
Sales
100
Nav
50
50
MarsdenCo
100
Nat Asphalt Tr Co rects 50
Do prel Tr Co reots 50
Penusyfvania KR
50
Philadelp'a Co (Pittsb) 50
Philadelphia Electric. 25
Phila Rapid Transit... 50
Heading
50
Do l8t pref
50
Do 2d pref
50
Union Traoton
50
United Gas Impt
50
Wfelsbach Co
100
J'uc'03
75
104
99
102
•i'-'J
50
50
pret
J'ly
24:'4
W&
loo
Preferred
82 >« 83 la
Ask
"46%
Pow & Chem.50
<fe
5i3i6
43%
7
Hectricof America... 50
Klec Storage Batt
loo
Preferred
100
Q«rmaniown Pass
50
Harrison Bros pref.. .100
Iron
5% 5Wie
5915i8 6O1I16
Bonds
Prelerrefi
Efts ton Con Electric... 50
N Haven
40
3434
Diamond State Steel
NesquehoDing
40
14
w,
44 13 44 Is
82
83
£id
10
Anier Iron <& Steel
50
American Railways... 50
Bell Telephone
50
Cambria Iron
50
Camden <fe Trenton
10
Oentrai Coal <& Coke. loo
Preferred
100
Consol Trao Pitts
50
Preferred
50
Danville Be8semer...l%
Preferred
40
40
Do
.l'iio'03
73
130
104
UKSi-jlllia
101
104
I23I4 123'4
102 102
1081...
21ia.rue'0'.
Cambria Steel
50 8,815 21% J'ly 24
1% J'ly 10
26i8 .2% Consol Lake Superior. .100 7,855
214
80 1<
80
lOOi8M«v'03
72
66ia Consobdated Gas.. .....100
22I4
110
i.jMay'1'3
100
lOlVi
130
100
29 110
117
901a
«0
100 Hi
J'iio'03
102
price Friday; latest bid
of
Kf0'03
luHia
"a
<l
102 J'lyOM
123 ( .\pr'03
110
*1\
61
SalV
1
Bo.ston Bonds.
"a
'0:s
US Apr '03
1902 M-N
Rutland IstOs
Kutland-Cauartiau Ist 481949 J-J
Savannah Elec 1st oons 58. 1 952 J-J
Seattle Elec Ist g os
1930 F-A
Torriugton Ist g 5s
1918 M-S
Union Pac K K & gi- g 4s. 1 947 J-J
l8t hen conv 4s
1911 M-N
Uuiteil Fruit couv gen 5s. 1911 M-S
Vermont & Mass 5s
1903 M-N
West End Street Ky g 08..1902 M-N
Gold 4^2.^
1914 M-S
Gold deljeulure 48
1916 M-N
Gold 48
1917 F-A
Western Teleph & Tel 5s. 1932 J-J
Wisconsin Cent Ist gen 4sl949 J-J
Wisconsin Valley 1st 78.. 1909 J-J
Stocks see below)
•
601a
513,8
21%
28ie
60=8 613ie
80
J-J
1905 J-J
1924 F-A
10
10
9
Do pref
Lehigh Coal <&
67
*65>a 07
39
40 >a
39% Lelugh Valley
40 la 401a
"33 la 34
43
431a
83^4 83 "a
American Cement
Inter Sm
66
39 >a 40
21a
10
67
40
4934
luactive Stocks
InilianaiMilis St
2>2
81a
6634
22%
40 "a
•3334
PHII.jiUEL,PUlA
2'8
Sia
22
14
151,
2413 25
41
41
82 's 83
2212
91-.
A-O
J-J
4s.. 1911
97
High
97
llTi-jJ'ly'OS
Baltimore
67 J'ne23
11334 Apr 8
Northern Central ...... 50
1914 19% Seaboard Air Line
100 6,775 19%J'ly21
3414 34 H;
Do prel
100 4,815 34 J'ly 21
10 la 101-; United By & Electric. 50 1,445 10iaJ'ly24
1934
3434
1034
15
15
2438 257ie
15
15
24»i8 25
407e 41
22
2I4
60i« 601a
15
84I4
2214
66
39 14 3934
6OIS16
60
40
4012 40»4
6
6
24-8 25*18
2
2»i^
10
60 la
3u"8 39=8
«0"is 61
•15
22%
22 14 22«8
22 »i
112
Ian 1939 J'ly
Pliilndelphia
Anjerican Alkau
221-2
108
101
Mexican Central oons
(For Bonds and Inactive
iYiday
July 24
*Q6
-lOO
.....
J-J
J-J
A-O
ACTIVE STOCKS
Thursday
July 23
105
1934 20
34^8 35 »8
UU
Exchanges— Stock Becord,
Centum Prices
Wednesday
July as
J-1)
M-N
M-S
Spl
A-O
.s
lll>4May'02
'.'.'".'.
100
1912 A-O
l.st68
12s
102
105
AO
January 1
hotv
J'ly
130
UHl
110
Jiange
Since
jHii/h
1...
Old Colony cold 4a
Oreg Ky & Nav con g 48.. 1940 J-D
10734 Oreg Sli Line 1st g Os
1922 F-A
ysHi Kepub Valley 1st 1 0s...l919 J-J
l2o>2l27'.j
108
A si, Loir
100
97
100
OS
.•V-O
Malil HoUKllcfcOut Kst 0s.l925
yo>-j
90
125
11 103
i(ir>;'4
look
98
92
103
,Sh
KiL"-:
98
Jul)/
-J-f
2(1
101 >4
l05->4
Philadelphia and Baltimore Stock
iShnre Prices— Not Per
99
'.I
IUU11714
125>aApr'03
103 J'ly'03
103
103
109'4Mar'02
112i4Jan'03
1921 Q-J
Alonciay
Maine Cent
Cons 1st 4s
1st
105»2 105 Hj
lOO^e Mar'02
Note— Buyer pays accrued interest in
StUurdav
July IS
cons 1st 7s.. .1912
Ki2V;i:;^iM
loss.
J'ne'03
J'ly'03
'W 108
106
Fremt ElkAMoVl8t6s..l933 A-O 135"
1933 A-O 135
Uiistajnped Ist Os
89 14
Ot Nor C B&QcoU tr48lU21 J-J
Be;n8t«re<148
101
113i.jll3>..
1023b 11 :i
.'^O
91
114 nr."„
132>4Mar'03
117>4Feb'03
84 J'ly'08
100 J'ue'03
110 Apr'Ol
99 jTy'03
105^4 Feb '03
99 J'ly'03
106 Deo'O
98 H; Mfty'03
91
91
A-0
J-J
J-J
Kan C Clin
KanCFtS.tCiull I8t7a..l908
1928
Kan C Ft Scott it M 63
1934
Bgon4s
Kan CM
Marl934
lucomo OS
581929
Br
Ist
M
Ry
A
Kan C &
KaiiCSt Jo<fe C B lsl73..1907
L U & Ft Sill hi Kr 1st 78... 1905
ifc
J'iie'Ol
1051a
& No Mich l8t jru 53.1931 M-N
<Sj
99
100
::;;::
i.;
C
Ist 7s. .1917
Spr Ist 58...192.'>
la Fallsifc Sioux
lOr)'-jJ'ly'02
1919 .\-o
1st 4s
99 's
93 w. iis\
113 Kill uu.
98 S, 101
80 'b 92
101
M'ealc's
f'nni/e or
halt .sale
1910 JJ
nunols Steel rteben 58
Non-convert deben 58. ..1913 A-O
97a8
3^
Price
fViday
liiti
cS;
114
114
114
1
V/H//I
1.^
90ioFeb'03
J-J
189
BOSTON STOCK F.XCH'GK
WEKK Kndlnu July 24
;'4
4Apr'00
l()4
Cent Vermtl8tK4B..Mayiy20
1903
Oliic Burl <& Q IstTs
1919 .V-O
Iowa Div Utas
lowaUiv
13 "-J
yS'sJ'ly'OX
12l)'4-Apr'01
99 '8 Jan "02
1W-' J-D
1913
Debenture os
19'2"J
Denver Kxton 48
1927
Nebraska Ext«n 48
1921
8 148
Bife S
1949
Illinois Div 3 "as
Northern
bonds
See
Gt
Joint
Chic Jo Ky & Stk Yds 58 .1915
CoU trust roCundinir s 4sl940
Ch Mil & SI P Dub I) Gs.. 1920
11
23
87 H: SS^4 J'ly'o3
86
J-J
ISUS J-J
1910 J-J
-
9^
95 Kj
Feb '03
J-J
HHS
I'Jl*
Ts.l'Jlti
Sj
j-n
I'-'o'.'
& Mo Kiv ex 6s
Xon-exeuipt (is
Mukiuj; tiiuil 4s
Butted;; Bosiou Ist Os
Cedar Kap .t Mo K Ist
Jamianj
Mo how
Jiii/h
9514
Bosiou Terminal 1st 3ViS.lVi4i F-.\
Bosl Uu Gas 1st 5k tr rocts-iy:!'.l J-J
Bur
6iniv
97
"os" "99'
A-O
Nov
A'nni/f"
t.oio
96
95
Week's
Range or
Last Sale
But
AtcU
—
1
2d series 6s 1911. ..M-S
3d series Os 1916. .M-S
4th ser 3-4-58 1921. M-S
110
116
5th series 5s 1926. M-S
Va (State) 33 new '32. J-J
Fund debt 2-33 1991 .J-J
West N C con 6s 1914 J-J
113
111
90
90
112
& Weld 6S..1935.J-J
115
;
113
91
91
114
Wes Va C&P 1 St 6g' 1 1 J -J 110% 111%
Wil
1
.
.
..
.....
.
,
THE CHKONICLK.
190
[Vol. LXXVII.
and Railroad |rttjelligence«
RAILROAD GROSS EARNINGS.
Ittuestmeitt
The following table shows the <::ross earnings of every Steia:vi railroad from which regular weekly or monthly returns
can be obtained. The hrst two columns of figures give the gross earninirs for the latest week or month, and the last two
CJolumns the earnings for the period from July 1 to and including such latest week or month.
The returna of the street railwajus are brought together separately on a subsequent page.
Latest Gro-fS t.arnings
ROADS
JiloiitU
Ala Gt Soutlicrn 2d wkJoly
lexa- I'at-iile.
Ala
N O A No Kast. June
Ala <» VlcUsli'i; June
Vioksb SU A: r. June
Anu Arbor
Ann Wa.-'li Jc
ife
*
Year
51.265
40,273
104.9S9
183,047
l)G,i)30
88,i)74
/«f
3d wkJaly
(.'bar..
&
33,063
Rat. February.
s? Fe. May
All Knoxv A No.
Atlauttc i« Hirui
All Coast Lino...
Bait >« Anu S L..
Bait A: OUio
Bangor
Date-
Latest dross
ROADS
Year
AllefjUeny Valley ^laj
Top
to Latest
i'ttar
NO*
Atlanta
1
ttirreiu
or
Atvli
July
Aroo,-»i
5.2.">6
5,215.13
267.465
61.266
April
June
Year
or ^^olUh
80,451
160,528 2.2><9.5
2,030,260
69,247 1,150,546 1.019,842
80.888 1,268.520 1.080,252
/ *(r
58.766
546.175
106.756
89.711
30,040
54.484
55.388
5,620
4,911.389 57,862,790 54,690,803
229,669 2,672,490 2,483,355
705,43"
47,264
621,166!
13.645
243,846
124,286
I'ear
Manlstique
June.
Maryl'd & Penu. May
tMextcanOtMit'l.l 2d wk July
^Mexican l-iterii. .May.
..
Wlc July 4
; Mexican liy
5Mexlcan8oiiih'i. ItliwkJu'e
Milieu A So'w'u. luno
Mineral Ransro.. 2d wkJuly
.Minneap A St 1.. 2d WkJuly
M8t
8 St M. 2d WkJuly
P&
Kan
Texa^ 2d wkJuly
Mo Pao & Iron Ml 3d wk July
n 720, 1 09 a607»39 a7,877043 a5,957i 86 Central Branch 3d wk July
^i8,719
11.379
99.835
8.08
Total
3d WkJuly
5.835,860 5,088,296 63.119,633 57,>'89.61l Mob Jack A K C. WkJuly 11
-May
.May
April
26.04'.>
June
May
May
15u,:i!»0
14(),337
1,639,010
31,185
67.039
4 4,284
1,568,481
.Mo
<te
June
2d WkJuly
tNiVt'l RRofMcx 2d wkJuly
Nev-Cal-Ore^ou June
Nevada Central.. May
.Mobile Is, Olut) .
Nar^h Ch & St li..
.
BatlKtHaiu'd8i)'t
2.323
1,985
32.884
Belleionto Cent") June
6.1'.li)
4,705
57,961
•May
Brulsrt &. riaco K.
3.156
3,168
37,689
Burt Koi'h Jfc c'i.tf 3d wkJuly
158,799 138,213
462,221
414,640
Buitalo Jc Siisii.. May
83,194
73,724
920,936
772,157 N
Hud Hiv
Cauudian North.. 4thwkJii'„
S-J ,600
38,300
N YOut<fe West.
Cau.uUan I'aciiii J.t WK July S22.0O0 628,000 1,736, 000 1,323,000 N Y Susq A Wesi
May
Cane Belt
12,6(
190,;
159.505 Norfolk & West'
18,059
Cent'lot UeofiiiH 2il wkJuly 155,050 137,000
314,000
295,700 Vorthern Central
Cent'l of N Jersey May
1,748.007 1,196.124 16,0(.)1,720 15,131,843 Nortb'n Paoitic..
Central Pacitio.. Miy
1,888.001 1.712,012 19,179,148 18,560,829 Nor Shore tCali
2,3li4
CUattau SoutU'u. 2dwkJulv
4.488
2,360
4,184 Ohio Rlv& West..
Chesap i\c Ohio... 1.81 wkJ'ly 301,23208,971
301,23
208,971 Pacific Coast Co
Chic* Alton Rv. May
837,703 703,^26 9,323,134 8.498,023 cPenn— EastPAl;.
YC&
.
I
Laminys
Cttrrenc
June
iii..v
i^evious
Year
*
7,337
13,557
27.751
477. 87(; '345',875
599.72
93.600
513.935
23,7SJ
19,378
3,210
9,675
73.292
121,762
3,21-
11,460
54.813
135.417
291,246
733,000
21,00!)
754.000
95,01)0
279,576
633,000
19.000
652.000
7,031
531.457
179,03-'
198,571
16,963
3,228
1
to
VurrciU
Year
4,43f
538,396
169,313
153,133
16,550
2.919
"6,657,056 5,907,731
82,983
Latest Date
/Yewioi/ji
I'ear
85,884
'902,984 "698,539
6,598.563 5,655.817
53,500
67,900
986,115
904,487
46,79i
38,829
21,349
19.143
107,881
141,312
266,8rK"
541,24
1,956,000
62,000
2,018,000
290,633
7,483,291
349,3
409, 146
195.642
36,523
2 10,870
517.2'27
1,753,000
17,000
1.800.000
175,736
0,509,489
323.759
312,121
159,.595
34.873
77538064 70,903,868
May
May
621,952 370,758 5,533,813 5.194,651
283.447 163,016 2,377,980 2,474,268
2d wkJuly 422,718 344,859
797.320
612,013
.viay
861,165 710,565 8,531,646 7,797,246
June
4,130,279 3,605,925 47,142,581 42,339,972
May
72,484
56,585
510,710
427.473
May
17,393
16,241
179,376
165,711
April
443.266 385,241 4,560,290 4,155,981
\lay
10624638 9,901,938 10857073.' 96,702.135
Jnc. 53 4,700
eWeat P & E
May
Inc. 4,9 71,00O
Pere Marquette if 3d WkJuly 204,947 189,.505
630.019
580.131
PhdaBall&W'sb May
1,231,258 1,085,658 11,993,232 10,884.732
Phlla & Erie.
May
673,214 595,586 6,332,88-. 6,313,793
Pine Blf Ark R
May
3.174
32,721
2,089
33,520
Pittsb C C & St I> June
. 2.139,562 1,834,111 23,601,186 31.772.672
Reading Railway May
3.295.110 2,251,710 29,104,391 27.316.496
Coal A Ir Co... May
2.952,838 1,166,813 20,098,90(i 26,327.767
153.600 139,960 1,192,248 1,042,040
Rich tVksb & P May
...
51.545
47,282
537,982
Rio Grande Jet. May
533,719
2(1
10.755
Rio Grande So.
wk July
12,960
22,104
24.578
Rock Isi'dSyst'm May... -. «3196T35
t41473542
Rutland
IstwkJ'lv
50,674
43,861
43,861
50,674
May
St Jo3&Gr 1.
98,146 106,367 1,285.295 1,238,973
St L&SanF'ranfl 4thwkJu'e i;870,9O4 fli753,969 93190525(1 a27896379
127,136 126.240 i' 360,10'.
352,583
St L Southwest .. 3d WkJuly
197,338 193.362 2,387,17V 2,155,874
StLVan&TH.. Jiine
230,965 247,620 2,141,276 2,172,830
San Ant <fe A P... Apnl
126.591
San Fran <teNP.. June
118.278 1,299,279 1,132,579
551.758
465,027
Seaboard Air L.. 2d wkJuly 215,897 212,659
Southern Ind
June
95,609
64,442
960,495
627,076
i'iO Pacilic Co />... May
b 6,975,280 6,390,045 80,067,782 76,685,556
Central Pacihc. May
1,888,001 1,712,012 19,179,148 18,56u,829
601,699 550.949 6,259,733 6,621,003
Gal Har & S A. May
381,7.34
116.428
Gal Houa <te No May
23,389 1,081,216
May
12,463
142,962
GulfWT&P..
18,004
151,110
756,37^
777.807
Hous E & *V T. April
70,515
56,266
192,282
Hous & Shrev. April
19,551
15,197
198,477
IIous ATexCen April
413,593 369,265 4,557,687 4,452,234
152,242 186,126 1,727,810 1,781,789
Louls'a West... May
Morgan's L & T May
379,361 425,335 4,398,613 5,132,327
428,842
343, 83&
N
33,777
.. May
35,607
Oregon & Calif. -May
353,033 317,670 3,626,535 3.189,862
832,604
868,670
93,832
78,533
So Pac Coast... •May
2,591,025 2,331,389 28,018.579 26,555,834
So Pao RKCo.. ^!ay
May.
Tex& NOrl
256,928 262,018 2,861,528 2,720,518
Southern Rallw'y 2d WkJuly 781,192 732,768 1,521,476 1,402,030
176.036 149,684 1,897,587 1,706,748
Terre H A Ind ... June
555,920
62,222
40,701
600,352
Terre H & Peor.. June
14,326
7,460
6,919
13,988
Texas Central . 2d WkJuly
303,534
Pacific.
wk
163.979
330,535
Texas &
d
July 175,197
151.300
153,994
\V .. Juno
8,000
8,700
TexS
115,789
66.021
141.120
Tol & Ohio Cent 2d Wk July
76,275
41,207
50,659
TolPA West .... 2d wk July
25.451
20,535
91,689
94,801
2d wk July
47,224
46,370
TolStL A
15!o66
513,171
480,219
11,594
Tor Ham A Burt 4thwkJu'e
596,210
706,930
Un Pac proper. IstwkJ'ly 706.930 596,210
4,162,831 3,710,057 46.574.016 43,639,839
Un Pac System May
3d WkJuly 463,717 400,832 1,323,249 1,101,273
Wabash
325,050 298,150 3,660.034 3,413,734
Jersey A Sea'e May
269,5t>9
210,262
3d wkJuly
94,997
73,084
Wheel &
119,400
10.984
166,235
W'm'sport&N.Br. May
13.013
356,440
412,133
Wisconsin Cent.. 3d WkJuly 142.400 123,365
133,419
163,678
8,652
Wrights V ife T'n.. .May
9,596
Yazoo & iMiss. V. June
574,797 446.460 7,338,102 6,587,356
II
1
Clii.'
Ot
Cliio
Ind
A L'v... 2d wkJuly
Cbio Mihv
& 8t
P
CUlcANortli Wii
Clue St P AI &0.
CUlo Term Tr KK
Clii N O & T Pao.
ClCluChife 8t L.
Peoria* Kaat'n
Colorado .sc South
ColiN'ewb & Lau.
Copper Range....
Cornwall
Cornwall ALeb..
Cuuiberl'd
Valle.-i
Deny.* Rio Gr.
/
Kio Gr. West.
5
Det & .Mackinac.
Detroit Southern.
Dul So Sb <v Atl..
Eadt & W. of Ala.
Erie
EvaUMV & Indian
Evansv A X H...
F'rchild&N'r'e'n
Farmv & Powbat
Ft
W & Denv City
Qeorifia
RR
Ga South Fla..
GUa ValGii; N..
<fe
Gr Trunk System
GrTr. West'n
DetGr HifcM..
Great Northern..
Montana Ceiit'l
Total
.ivsteiu.
Gulf&SbiplHlaud
Hocking Valley..
Hous it Tex Cent
Illinois Central..
IllinoLs Southern
Ind I11& Iowa...
Int & Gt Nortb'ii
tlnteroc<Mex)...
Iowa Central
Iron Railway
Kanawha & .Midi
Kan City South'n
LakeErie&Westn
Val UK..
East'n.
Long Inland
Lebl/,'b
LexinK
ii
.
Lou Hend
LoulHV
Macon
wkJuly
130,373 114.117
272,155
239,947
104,266
206,576
88,469
173,705
May...
3,702.382 3.484,399 43.611.8 15 41.739.408
=50639141
June ..
16.731,386
i;4796729 4.000,368
-May
590,422 »76,877 11,103,252 10,872,715
2d wkJuly
61,226
30.450
31,190
62,381
2d wkJuly 126,112 10^,111
250,621
198,446
May.
1.806.680 1,532.042 18,351,748 17,058.982
May.
273,974 217,279 2,666.827 2,313,807
2 a wkJuly
254,911
127,575 115,828
239,325
May
179.583
14.683
14,260
169,019
May
353,251
39,204
182,486
24,019
May
9.394
85,377
9.291
103,739
April
22,949
202,25
26,005
280,475
May
161,061 104,811 1,421,851 1,084,362
3d wkJuly 346,300 351,400
981,200
999,400
May
&3,160
76,882
871,187
798,308
2d wkJuly
29,9a7
22,100
56,968
42.487
2d wkJuly
57,573
109,269
57,164
111,934
May
22,005
16,026
223,343
171,161
May
4,264,190 3,321,228 41,436,484 37,646,465
2d WkJuly
7,0614,217
14.240
7,572
2d wk July
32,394
30,149
61,676
57,097
May
3,295
3,304
37,194
34,367
.May
7,204
7,886
69,884
68,855
May
180,766 187,052 2,273.998 2,040,862
May
166,690 142,033 2.143,441 1,848,839
June
126.729 105,46t< 1,621,153 1,250,876
.May
31,835
33,018
294,855
340,835
2d wkJuly 738.885 579,407 1,436,858 1,161,298
l8t wk J'ly
117,847
85,295
117,847
85,295
istwkJ'ly
26,109
24,527
26,109
24,527
June
3,376,18b 3,072,879 39,567.323 35,190,935
June
171,459 122,521 2,lll,77e 1,772,278
June
3.547.647 3,195,400 41,679,101 36,963.213
Way
141,322 127,856 1,555,460 1,260,107
2d wkJuly 141,283 136.154
280,176
272.308
April.
413,593 369,265 4,557,687 4,452,234
June ..... 4,046,-869 3,300,318 45,145,385 40,821,030
June
12,754
12,195
148,823
135,126
May
130,709 130,894 1,587,889 1,552,241
2tl WkJuly
82.414
66,80«
157,343
132.458
Wk July 4 100,800 107,845
56.010
80.710
2d WkJuly
45,167
49,654
87,093
96.956
June
6,266
86,703
82,«23
6.688
2 WkJuly
13,175
54,184
28,296
24,608
2d WkJuly 123,153 101,990
230,387
206.268
une
466,026 373,901 4,908,318 4,546,028
May
2,714,70i.' 1,790,464 24,607,394 23,694,728
.May
510,015
384,982
55,740
42,047
-May
hic. 525 957
Jnc. H2 ,833
April
65,475
58,755
673.910
577,538
2d WkJuly 676,125 612,915 1,305,510 1,189,780
June
126,003
10,466
148,763
10,089
May
9.401
129.142
112,986
10,579
May
25,123
322,606
302,891
29,370
W'esterii. 2tl
&
<&
.
<fe St L.
Naflhv.
Birm...
Man' tee<k Gr. liap
Maniu & No Kast
I
•J
VAKIOLS
(irons
l'.().\D.S
Allegbeny Valley
.Ian.
Atlanta &Charl Air Line.. Apr.
Belief oute Central
Jan.
Jan.
Jan.
Canadian Northern
Central of
New Jersey
Chicago
North We.stern. Jtuie
&
Chic 8t P Minn <fc Omaha..
Cuuilx-rland Valley
Intemaiioual & Gt North'n
Lake Erie & Western
Manistee & Nortb Eastern
Manlstique
MJsfloun P.aciflc
Central Branch
TotaL
-.
tMe.xican Central t
Mexican International
.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Eaminys
1 to
May
to Apr.
1 to .June
1 to June
1 U> May
1 to Jiuie
1 to May
1 to May
1 to July
1 to June
1 to May
1 to June
1 to July
l»to July
1 to July
1 to July
1 to May
1
Inc.
30
30
30
31
30
31
$267,465
37.126
14
30
31
30
21
21
21
li
3
.
YT&Mex
.
V&N
W
.
.
.
W
LE
FISCAIi YI^AKS.
KOADS
Gross
Current Year Previous Year
31
31
.
1,180,325
8,326,896
4,796,729
4,600,931
704, M50
2,639,901
2,447,744
161,417
29,680
21,438,399
654,765
22,093,164
13,417,727
3,166.117
$280,579 Mexican Railway
229,669 tMexican Southcin
28,453 ;Natioual RRof Mexico...
692,311 Northern Central
6,441,963 iSorth Shore
4,000,368 ePennsy., East of P & E...
J
P&E
cWestof
4,500,811
w
448,238 Pere Marquette
2,403,732 Phila Baltimore & Wash..
2,238,766 Philadelphia & Erie
147,790 Pitts Cin Chic & St Louis..
51,255 Rio Grande Junction
..
18,491,612 St L Vandalia & Terre
517,259 Terre Haute & Indianap ..
Haute
Peoria
<fe
19,008,871 Terre
10.942,648 Texas & Pacific
2,625,131 West Jersey & Seashore.
H
.
Jan.
Apr.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Nov.
Hamings
1 to July
1 to June
1 to Julv
1 to May
1 to May
1 to May
1 to May
1 to July
1 to May
Jan. 1 to
Jan. 1 to
Dec. 1 to
Nov. 1 to
Nov. 1 to
Nov. 1 to
Jan. 1 to
Jan. 1 to
May
4
30
14
$2,793,000
252,624
6,033.262
31
4,167,49-;
31
166,511
49,327,517
31
31
21
31
31
June 30
May 31
June 30
June 30
.lune 30
July 14
May
Current Year Previous Year
31
$2,540,400
249,777
4,509.569
3,480,992
129.385
43,823, Hl7
Inc.
6,012,6!)«
2.325.^00
7,558,156
2,928,109
11,8«0,845
6,754,756
2,508,820
10,839,374
262.822
1,413,111
1,131,372
354,016
5,521.907
1,227,728
269,U'!i5
1,582, '-'Ol
1,258,312
.395,724
5,905,655
1,343,928
5,509.7.30
included from March 1, 1902. :
H Includes trans-Misaouri lines in 1903.
hesult-i on .Monterey <te Mexican
Does not include the
b©«rlnnlng .March 1, making length of road on wliicli earninirs are rep->rted 7,357 in 1903, against 5.876 miles in 1902.
both years,
Hou.it .V rex. Cent, and its subsid. lines for May either this year or la.st, but these llnesare included for 10 months to April 30
iioriaa
< Inclurliutc Sav. Flor. & West, and also
//Includes the (Chicago A Eastern Illinois in both years.
e Covers lines directly operated.
to inSouthern and Sanford A St. Petersburg Rys. in both years.
v Other income not included in the gross either for month or from July 1.
Approximate for June.
cludes Lake Erie & Det Riv. Ry. from Jan. 1 both years.
I
Mexican currency.
(iuil are
m
'*
—
.
..
July
.
TH£ OHBONICLB
25, 1908.]
iHcrtOMe.
1903.
1902.
51.268
34,808
169,499
822.000
155,050
2.394
130,373
104.266
30,450
126.112
127.576
326,600
29,987
67.578
7.068
32,394
40,273
27,997
138,213
628.000
137.000
3,860
114,117
88,469
31.190
102,111
115,828
338,100
22,100
57,164
7,577
30,149
788,885
579,407
159,478
141.283
82,414
45,167
28.296
133,163
676,125
477.876
11,460
54.813
135.417
291,346
636,000
19.000
136.154
66.806
49,654
13,178
101,990
612.915
845,875
9,675
73,292
121.762
279,570
594,000
18,000
5,129
15,608
7,031
179.032
198,571
422,718
202,997
10.755
118.283
315,897
781,192
7,460
175.197
76,275
25,451
47,324
432.708
93.553
136,500
4,438
169,313
153,133
344.859
185,158
12,960
110,992
212.669
732.768
6,919
163,979
66,021
20,535
46.370
367,047
74,784
117,664
8,799,342
7.664,538
2d icMk 0/ July.
Rooh.
I* PlUBb'ft.
Oanadlan Paoitlo
••
Oentral of Georirla
ChattanooKa Bontbem..
Oblo»t?o Great Western.
Ohio. Indlan'ltsA ijouiev.
ClUo. Term. Transfer
Oln. N. O. & Texas Pao..
A Sontbern
Oolurado
•
Rio Grande
Detroit Soutbemu
Dolntb So. Sbore * At...
BvansvllleA Indlanap..
Denver
<k
A Terre Haute
Ontnd Trnnk
Grand Trunk West
DetGd. Hav. A MUw
Ivans.
Hooklni; Valley
International & Gt.No..
Iowa oentral
Kanawba & AUobigan...
Kansas Glty Soatbem .
LoolBVllle a Nasbvllle ..
Mexican Central
.
Mineral Range
Minneapolis «b St. Louis.
Inn. St. P. & 8.
ate.
M.
Texas
Mo. Kansas
Mo. Paclbo & Iron Mt....
Oentral Brancb
Mob. Jackson A K.. Oltyl
Haahv. Cbat & St. i^ools.
Rational RR. Ol Mexloo.
Horfolk & Western
•)!:
Fere Marquettet
Bio Grande Soutbers. ..
Bt. Lonls Soutnwestem.
Beabo&rd Air Line
Boathem Railway
Tezaa Central
TezMA
Paoibo
Toledo A Oblo Central..
Toledo Peoria A Wevt'n..
Toledo St. L. & West
Wabasb
WbeeUng & Lak e Er le. .
Wlaoonsih Central
Total (49 roads)
Net Increase (14-81
p.o.)
Deereate.
6,811
31.282
194,000
18,060
34
16.256
15,797
740
24,001
11,747
8,500
"7',887
409
"'50"9
2,245
4,487
15,121
21,163
63,210
132,001
1,785
13.656
11,670
42,000
6,000
2,693
9,719
45,438
77,859
17.839
Boads.
Buffalo
Oct.
Gas Co
1 to
June
June 30
Oentral Pacltlc.b..May 1,888,001
July Ito May 31.... 19,179, 148
Copper Range
May
39,204
July Ito May 31....
353,251
EdljonEleo. Ilium. Co. of
Brockton, Maes.. June
7,341
July Ito June 30....
101,657
Iron R ail way. b... June
July Ito June 30...
Lowell Eleo. Lt. Corp. June
Jan.
Ito June
30....
BIlllen&8outhw.b..June
July Ito June 30....
Mllwank-QasL. Co.June
6,688
86,703
16,798
111,807
3,212
46,799
6,533
90,958
6,266
82,623
14,748
94,794
3,210
38,829
Jan. 1 to June 30
BMo.Pao.&Ir.Mt.bMay 3,324,802 2,955,879
Jan, Ito May 31. ...17,126,164 14,480,871
186,126
1,781,789
425,336
5,182,327
33,777
31.... 1.737,810
May 81...
Year.
*
$
43,518
638,339
153,9«I
1,834,804
1,199
93.780
135.231
946,117
87,380
787,767
105,448
2,185,866
15,152
139,827
99,168
953,513
& Oallt. b.May
a NetearningB bereglven are alter deducting taxes.
and also Cent'l Branch.
&
Houston Texas Oentral and Its subsidiary lines are excluded for
the month of May In both years, but the totals from July 1 to date
Include the operations of these roads for ten months to April 30 In
1
<fe
both years.
p Includes results on former Southern Pacific of Arizona, Southern
Paoitlo of California and Southern Paolflo of New Mexico.
Includes Lake Erie & Detroit River Railway for both periods.
2.305
7,241
3,238
48,424
541
11.218
10,254
4.916
Interest Charges and Snrplas*—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o,, with the surplcs
above or deficit below those charges.
^Bal. of jXet Earn'gs.—^
Int., Rentals, etc.
—
,
Copper Range
65.661
18.769
18.836
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
84,920
&
Detroit
Xet Earnings.
Current
Frevious
,
Year.
$
17.841
270.545
682,468
6,967,329
10,286
64,768
2,047
35,024
4,764
31,495
4,639
34,137
1,412
907
7,961
13,093
50,895
46,377
319,410
328,653
969,251 1,035,382
5,390,599 4.233,739
2,880
27,918
2,423
29.803
6,209
35,013
Pere Marqnette.a..June 11941,377
11226,411
11318,552
11839,551
Jan. Ito June 30... 115,382,679 114,929,599 111,443,213 111,131,852
Pitts. C.C. 4 Bt.L.a June 2,139,562 1,834,111
491,808
563,072
Jan. Ito June 30.. ..11,880,846 10,839,374 2,802,270 2,842,352
Ricb. Fred. & Pot. .May
63,322
153,600
139,960
54,684
July 1 to May 31.... 1,192,248 1,042,040
398,079
361,705
Klo Grande Junot.. May
fl4,185
51,545
47,282
fl5,4e4
Dec Ito May 31....
f80,726
f78,847
269,085
262,822
Ban Fr. & N. Pac.a June
42,417
126,591
118,278
31,446
308,265
July 1 to June 30.... 1,299,279 1,132.579
309,045
1 Sontbern Pao. u... May _ 6,975,280 6,390.045 2,327,554 1,825,668
July 1 to May 31. ...80,067,782 76,685,556 23,479,850 25,170.191
Oentral Paclflo.b.May 1,888,001 1,712,012
682,468
886.656
July 1 to May 3i
19.179,148 18,560,829 7,694,486 6,967,329
Gal.Har.&B'D A.bMay
601,699
550.949 def.22,210
26,874
July 1 to May 31... 6,259,733 6,621,003
683,621 1,846,903
Oal. H0US.& No.b.May
116,428
23,389
54,945 def.5,223
July 1 to May 3i.... 1,081,216
381,734
349,512 def.54,004
GiUf W.T.&Pao.bMay
12,463
18,004
106
7,219
July 1 to May 31....
2,604
151,110
142,962
1,202
Houst.E.A W.T.b. Apr.
def.893
70,515
66,266 def.7,162
July 1 to Apr. 30....
231,752
756,377
777,807 def. 16,839
Houst. & Sbreve.bApr.
3,879
19,551
15,197
6,839
July 1 to Apr. 3o....
59,902
198,477
192,282
63,618
HouB. & Tex. O.b.Apr.
44,954
369,265
49,177
413,598
July Ito Apr. 3o..,. 4,557,687 4,452.234 1,335,278 1,509,806
May
6,875
64,625
5,432
56,083
11,764
97,985
4,852
8,675
Edison Eleo. Ilium. Co. of
801
Brockton, Mass.. June
9,180
July 1 to June 30
1,090
Lowell Eleo. Lt. Corp June
5,782
Jan. Ito June 30
152,718
Pore Marquette... Jime
875,240
Jan. 1 to June 30
729
8,983
1,271
6,992
2.079
18,738
4,119
29,231
1,318
26,041
3,368
27,145
11133.619
11784.212
11165,834
11567,973
1192,792
11347,140
7,708
46,250
21,591
271,016
7,708
46,250
22,710
273,093
7,756
34,476
9,865
38.029
6,477
32,597
19,707
36,172
May 31
July 1 to
1,169,734
1,134.814
.
Current
Roads.
854
Year
$
13,347
290,983
1.712,013
886,656
18,560,829 7,694,486
17,639
24,019
162,610
182,486
May
Year.
k Het earnings bere given are before deducting taxes.
13,479
Tear.
.f
,
f Thirty per cent of gross earnings.
S Includes Missouri Paoitlo Iron Mount'n
Net Earnings Monthly to Latest Dates.—The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of July 18,
The next will appear in the issue of Aug. 23, 1903.
1008.
Year.
Year.
Xel Earnings.
Current
Preoioua
343,839
428,842
317,670
353,033
July I to May 31.... 3,626,535 3,189,863
78,533
995 def.26,687
93,832
Bo. Pao. Coast. .b.May
832,604 df.409.229 det.9,328
868,670
July Ito May 31....
880,247
p So. PacRR. Co. bMay 2,591,025 2,331,389 1,173,106
July Ito May 31.... 28,018,579 26.555,834 10,395,632 11,283,882
262,018
59,676
19,736
266,928
Texas & N. Orl. b.May
415,896
474,184
2,861,628 2,720.648
July 1 to May 31
863,752
776,811
8oatbern Railw'y.a June 3,353,469 8,034,882
July 1 to June 30.... 42.354,059 37,988,19J 11,364,920 10,891,767
United Box Board & Pa83,569
May
per Co
79,554
June
72.845
94,015
330,632
423,443
Wbeel. ifcL. Erie. b. June
943,220
4,234,771 8,537,023 1,001,710
July Ito Juno 30
July 1 to
Oregon
.
—Current
Gross Earninris. —
Previous
Year.
379,361
M'g'n'sLa.&Tex.bMay
July Ito May 31.... 4,398,613
35.607
N.Y.Tex. *.M.b May
10,996
Includes Rio Grande West^im. t Includes Lake Erie
River Ry. for both years.
IT Week ending July 11.
Previous
aoutbem Fao.Co.—( Ooneluded.)
162,242
Louisiana West. b.May
July 1 to
*
Current
Hoods.
S
Alkbftina at. Bontliein
Ajih Arbor
191
— Gross Eaniinys. —
Latest ttross EarningrB by Weeks.—In the teble whioh
follows we sum up separately the earnings for the second
week of July. The table covers 49 roads and shows 14-81 per
cent increase in the aggregate over the same week last year.
Bofflklo
——
—
aioGrandeJnnot...May
May
Deo. Ito
31
San Fran. &No. Pao June
July 1 to June 30
Includes Lake Erie
& Detroit River Railway for both periods.
STREET RAILWAYS AND TRd.GTION C0KPAN1E8.
The following table shows the gross earnings for the latest
period of all btbbbt railways from whioh we are able to ob
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
—
latest
month, and the last two columns the earnings
from January 1 to and including suoh
week or month.
week
or
for the calendar year
latest
STREET RAILWAYB AND TRACTION COMFANIEB.
Latest Qrott Earning*.
GE088
EABNINQS.
Week or Mo
American
R'ys. Oo.Q.
Aur. Elgin & Ohio. By.
Bingham ton
RR
Borllngt'n (Vt.) Trao.
Cal.
Gas &
9
9
114,742 101.164
June
Wk. J'ly 19 11.701
June
22,775 26,243
June
6,840
6,510
May
&
June
Dayton ATol.Tr. June
Newp. ds Coving.
Chicago
Cln.
Oln.
Eleotrlo..
Mil. Eleo.
Light
& Traction... May
Citizen e'
Jan. 1
to Lateti
Date.
Current PrevUnu
Tear.
%
Tear.
$
601,162
608,295
109,185
33,869
94,516
93".72i
29,545
222,936
22,483
46,496
17,760
40,586
233,321
78,939
201,088
100,891
92,536
469,140
428,110
Ry.& Ught,
Muscatine
April
City Eleo.(Rome,Ga.)
Cleveland Eleotrlo.
.
Oleve. & So. W. Xr.Co,
Cleve. Pains V. & E...
Dart. & W'port St.Ry.
Detroit United By..ii
Dulnth-8np. Tract...
East. Ohio Traction..
Elgin Aurora <fe Sou..
Harrisbnrg Traction.
Havana Eleo. Rv. Co.
Houghton Co. 8t. Ry.
Houston Eleo. St. Ry.
6,822
28,662
6,723
24,247
3,173
12,448
3,062
12,655
June
238,863 214,985 1,318,356 1,170,544
May
39,038 4 25,045
156,304 tl03,194
June
19,765 18,715
91,403
84,144
May
12,581 10,052
44,361
41,122
2d wk. J'ly 91.737 82,520 2,203,989 1,974,981
let wk J'ly 14,677 12,299
308,632 257,334
18,795 17,236
May
69,568
62,751
211,119 186,456
June
42,575 33,874
337,622
June
45,476 41,867
212,733
Wk.J'ly 19 {30.041 1 22,957 {664,678 J 566,660
May
16,111 14,376
May
37,500 29,973
April
3,668
AprU
Indlanap. <fe Ep st. Ry.
Indlanap. 8hel by ville
<fe Southeastern Tr.
June
Iniemat'l Tract. Co.
System
Our'nt Prev'tu
Tear.
Tear.
(Buffalo)...
Ithaca Street RyJacksonville Eleo. Co.
Knoxvllle Traction..
May
May
May
May
Lake Shore Eleo. By June
Lake Street Elevated June
i.'histh Xraotion
June
8,493
327,126 264,134 1,481,931 1,263,103
11,663 10,392
20,373 17,396
96,217
'76,i02
23,526 20,411
103,373
82,992
51,541 41,010
254,621
197.507
c63,243 C59,318 C 398,94^ C 377,645
11.687
6.420
.S3.482
62.947
...
..
.
—
1
,
THE OHBONICLE.
192
Lautt OrotB Mamtng*.
(o
Lau»i Da>»
VurrtnX
Fretiou*
Tear.
Jan, 1
[Vol. LXXVII.
— Gross Earnings. —
esoss
Current
Vur'nt
Tear.
WmkorMo
Leblgh VaL Trso. CX>.
8tr**t Ry. Dep
Electric LJiihtD«p
Lexington Ky
London 8t. Ky
MmL
Met.
(Can.
(WIb.) TraotioD
81de Kiev.
WMt
iQDe
AU.Oo June
& Tr.Oo June
.
Montreal e*trK*t Kv
June
Mask. Tr. A Uifht. Oo
Street Ry. Depart. June
Electric Ll«ht Dep
Qas Departiu»>ni.
If or. Ohio Tr. & Lt. Co
Hortli western Kiev.
10.306
June
June
June
luuo
2,r-08
.
3.094
.
77.970
99.857
.
Oakland Trane. Conf June
Olean 8t. Railway.. M»y..
Onui^r* Oo. Traotioti May..
Ore«r. Wat Po a Ry Aprtl.
Peeks. L't'K<i^RR. Co May..
Phila/if'iptiia vo and
Affiliated Corpor's Jane
Pottsv. Union Tract June
Pneblo & Uabarbai.
Tract. A Light')? Oo May..
Byb ('o.O«n.- KoadB June
LdghtOo's
June
Roobester Railway .. Jane
Bookford Belolt &
Jan Seville
Jane
Jane
8t. Lome Trannlt..
Bao Panlo (Brazil*
Tram. L't A Po. O-o Jane
Savannah Eeot. Oo June
95.3 i 2
7.634
10.07t
17.139
9,3^8
v»ay..
Sontb 8ide Elevated
Syraonite Rap.Tr Ry
June.
May..
Bowl.Gr.ASo.l>
vlay
June
Union Trao. ot Ind.
Toan geto wn -tibaron
Ry. ALt.Co
May.
I
Spanleb
rl2 666
3'<g.98i
622.961
82,9'^0
54^,58.-
4.82V
8,533
10,88.
31.04
3.'i.3'25'
80.671
r30.516
r9.333
r 10,74
3 8 936
675.415
449.486
20,476
3l.b88
40.373
141,29{<
1,561
11,04J-
89,668
601,33ti
813.94)
782
28-
315,89^
697,834
712,380
286,750
108,257
24,77 >
141.545 122682
772. ^7^
85,:i42 1,099 420
39 99e
671,284
914.08^
347,744 309.883 l,9l8,(>5b 1.666,439
133,M)4
115.687
82.109 27.11b
97,302 81,424
602,076
3^9,067
488,113 454,219 2,968.671 4,657,151
31,72t
91,130
20,399
86,78*
41 397
202,85'/
silver.
,
—Current
Gross Earnings. —
Previous
Year.
I'enr.
,
Net Earnings.
Current
Previoiis
Tear.
,
Year.
$
$
$
$
Tract. Oo.— See under MlBoellaneons on page 143.
American Light A
Aurora Elgin A Cb'cago By
June
BicighMmtOD Ry.b.June
Apr. 1 to June 's»
JiUy 1 to Jime 30
89.100
22.775
60.002
226,702
1
A
Corp a
Oblc.<b
MUw.
May
Bleo June
Jan. 1 to June 3u
Cincinnati Dayton A Toledo Traotlop b ..June
Jan. 1 to June 3ij
*Cln. Newp.A Cov. Lleht
A Traction a ... May
Jan. 1 to May 3i
OltyEleo( Rome. oai Apr.
Jan. 1 to Apr. 3u
CliizeDs' Street Railway
(Fl-hklU) b—
Apr. 1 to Jane 30
Olev. falnesv A B...Jane
Jan. 1 to June 30
Cleveland Soutbweiitem
May
Traction Co
Jan. 1 to May 3i
Octroi! United Ry n (all
prf-perttes) .a
Jan. 1 to June
D»lnTh
Trao.
t<up.
Juno
30
May
Jan. 1 to May 3l
East. Ohio TrM"' a May
Jan. 1 to May 3l
KlglD Auro. A^' b June
Jan. 1 to June 3o
Harrtsb'g Traui.a. June
Jan. 1 to Jane3u ...
Hotijrhton County St. Rv.
(Hnncock.
Jane
1
Mub May
to
20,243
50,867
S07,901
21,019
11,753
28.735
100,102
9,598
21.263
93,270
9,402,889
4,034,803
3,233,589
17,750
78,939
102.882
14,740
58.874
Tran.a —
to Mar. 31.... 9.905,176
KleoOallf' rola Gas
trlo
June I to May 31
Klngeion Coneolld'd—
Apr. 1 to June 30
July 1 to June 30
Knox vine Trant
May
Jan. 1 to May 31
Late 8h. Elec Ry.aMay
)
May Si
222,936
22,483
93,721
Year.
$
29,973
819,609
Tear,
$
13,559
151,963
4.881
8.493
>
14,220
184,561
8,620
38,409
83.020
327,126
264,184
1,481,981
11.663
20,373
96.217
219,889
1,263.103
10.392
17.806
76,102
29.825
112.049
28,142
23..'i26
20,411
8^,992
38,220
166.497
6,420
53.482
23,647
86,775
13,643
65.063
8.443
36,820
152,668
644,897
6.667
7,841
30,834
69,650
117,398
635,839
1,189
6,522
23,646
11.634
47.495
11.523
45.911
13.121
52,143
6.976
23,270
11,646
37,818
5,740
24,833
4.002
16.782
127.088
696,072
113.798
666.437
21.021
79,548
87.797
360.607
578.239
13,918
63.628
107,007
406,426
698.288
31,234
167,189
47.469
262.260
4.620
15,295
32,681
8,887
8,378
33,818
81.042
183,575
37.161
171.358
2.685
8,876
24,927
8,784
8,073
34,439
17,139
10.887
8,187
60.671
40,373
27,904
PeekektnLt.*RR..May
9,303
4,348
July 1 to May 31....
96,712
37.456
Philadelphia Company— See statement on page 193.
Rochester Ry
June
105.377
89,669
54.039
Jan. 1 to June 30 ...
627.4Vi0
601,336
293,462
July 1 CO June 3o... 1.248,442 1.048,378
600.552
Rookford Belolt Ai Janesvllie
juns
13.200
6.393
Jan. 1 to June 30
60,825
28,416
Sao Paulo (Brazil) Tramway L't A Pow. Co June
102.500
70,000
Jan. 1 to June 3u
632,364
437.348
Savxnnab E ecno June
46,104
44,997
19.215
July 1 to June bu
499,470
458^679
204,602
Seattlt- Eleotr'o Co. May
181,797
150,715
58,945
Jan. 1 to May 31
813,944
697,334
211,350
June 1 to May 31
1.994,710 1,624,315
673,187
Syracuse Rap )'r bMay
66,584
57,769
28,255
315.899
Jan. 1 to May 3i
285,750
13 .016
6fa 5,072
July 1 to May 31.—
629,288
301,121
Terre Hante El>-ct,.. June
25,135
38,485
14.118
410,346
July 1 to June 30
307,824
130,4)8
Toledo Bowling Oreen
24,778
A eouth'u TrHot..May
9.549
108.257
Jan. 1 to May 31
40.161
Toledo Rya. AL'bt a Jime
141,545
122.682
69.789
Jan. 1 to Jime ou
772,178
671,284
370,972
4,848
17,621
May
31
103,373
51,439
203,080
11,687
62.947
26,^63
105,662
16,224
75,568
9.040
42,155
20.."'33
Jan. 1 to June 3 o
Madison Tract! on.. Jime
Jan. 1 to June 30
Milwaukee Elec. Ry. A
Light Co..b
June
248,422
220,990
Jan. 1 to June 3o.... 1,430,186 1,267,739
Milwaukee Light. Heat A
Traction Oo.b ...June
88,818
81,958
Jan. 1 to June i»i>....
14^^,346
179.658
Montreal St. Rv
June
209,377
187,662
Jan. 1 to June 30.... 1.040,295
966.010
Got 1 to June 30
1.571.941 1,445,180
Nortb. Ohio Tr ao. & Light
Oo.a
June
77,970
67,631
Jan. 1 to June 30
388,i«81
318,936
Oakl'd Trans. Cons. June
95,812
82.920
Jan. 1 to Jane 3 1
542,588
449,486
Olean Street Ry
May
7.534
4,822
Jan. 1 to M.ay 3i
31.047
20,476
July 1 to May 31
67.430
50,989
Orange Oo. Trao
May
10,076
8,533
Troy
10,658
40,8&7
S7.tS00
jVe^ Earnings.
Current
Previous
9,246
29,318
14.205
46,408
2,809
20,011
9,921
28,901
6,084
21,897
8,709
10.219
May
May
85,323
94,554
3u....
30....
8l,«88
91,320
A
Apr.
Jan. 1 to Apr.
as soon as rec3iyed,and once a month (on the last Saturday
of the month) wp brine together al) thp rcadp rpprrt'njj 6s is
done to-dav. Besides the roads furnishing monthly returns,
we have added this time the roads which make quarterly
returns.
Rai'lfi
Jan. 1 to May 31
Ithaca Street Ry....May
JaokAonv. Elec. Oo.May
Jan. 1 to IMay ,^1
Ry
Street Railway Net Earnlafcs.— In the following w(
show ooth the gross and the net earnings to latest dates of all
8TBEET railways from which we have been able to procurt
monthly returns. As in the case of the steam roads, tht
returns of thf different roads are published by us each week
July
9.668
Indianapolis Sbelbyvllle
A S'Utheast. Tr. June
Sept 11 to June 30...
International Tract. Oo.
Byetem(Butfa1n)b May
Oregon Water Power
the Sandwich Wlndsiir <k Amberatborg By.
r These figures are from Mar. 1 to Jane 80.
t Figures for 1902 cover only the Clev. Elyrla & Western Ry. Oo.
Brooklyn
392.882
July 1 to
Huron Bbore Line and
$
A Eaot. Ry.Apr.
Jan. 1 to
Ttieae are reaalta for properoes owneo.
c Reunite for main line.
d FlKurt-B here are from July 1.
n Thttee earnings Include the Detroit United Ry., Detroit di Port
I
$
Ind'p'lls
Jan. 1 to June 3u
Lexington Ry. b ..May
Jan. 1 to May 31
Land.8t.By.(Can.)aJime
632,364
Previous
Year
Eieot. Oo. .May
1 to May 3i
Leblxh Tract ton... June
116,062
10,016
527.420
Year.
Honxton
June
Jan. 1 to
191.083
26.370
103,500
4«,104 44,897
181,797 150,716
127.895 114.674
57.769
88.485 25,135
Wk.J* yit
United KR'B of 8ai
Franoleoo
Jane.
Wash. Al»x. A> Mt V May..
r28,29:rV 1.324
60.32f
13.200
645,d90 567,114 3,467 464 },014,587
.
May..
10.855
2,012
2.313
67.631
91.220
d96,7l-<
39,496
31,391.724
105.377
June
Jane
S
246,881
59,110
86.775
65.063
36.820
936,613
7,728.56? 6,850,466
83,974
7d,l63
l4.Hii4
TerreHant* Elec.Co June
Toledo Rye. A Light
Toronto Railway...
Twin City Rap. TraE
Onion (N. Bedford)
9
300.718
1,270,000 1,076 8S0
.
Seattlt* Electric Co..
«
62.2<JS
Roads.
65.19(3
9.932
23,64105,66.
76.a6t
13,64'
904f
42.l.^f
8.443
167,420 152,614 1,031.511
l,430.18t
248.422 220.990
1,267,739
144.346
179.65t
38,8.8 31.9!>8
209,377 187.662 1,010,295
966.010
June
June
tCll.Lt He>»t
Tear.
Tear.
i
74,108
11,S62
26,96»
16.224
May..
May..
May..
MlLKleo. Ry
Tol.
..
3u
42,061
237,046
473,020
64.284
826.787
22.404
186,645
41.950
192,886
525,666
25,211
124.671
279,823
6,409
43,214
57,640
818,903
ANewEnslandb-
Apr. 1 to June bO...
6,719
Twin City Rap. T».l) June
347,744
Jan. 1 to June 3o
1,918,653
United Tr. ( Alb'y b. Apr. 1 to June 30
429,949
July 1 to June 30
1,590,357
5,745
309,998
1,666,439
1,615
178,999
996,281
2.585
179,516
886,069
379.379
1.471.516
113.869
507,186
124,304
460,258
i
46,496
233.321
40,685
201,038
22,729
93,731
20,009
100,891
469.140
3.173
12.448
92.536
428,110
3,063
12,655
41.203
189,253
111
42.214
182,061
695
583
11.194
19,765
91,403
10,037
18.715
84.144
3,804
8.279
35,494
3,000
8.227
84,857
def.573
7onng8town bharOD Ry.
.May
A Lt. Oo.a
Jan. 1 to
39,038
156.304
X25.048
X108.I94
xl6,892
X68.260
11,973
39,072
381,900
333.624
2,011,488
52.389
235,378
18.795
69,568
42,^75
211,119
45,476
237,6^2
l,b06,228
150,4S3
767.231
44.475
196,910
17.236
62,731
83.874
186,456
41.867
212,233
159,103
793.999
23,795
91,360
8,146
22,301
19,757
86,123
15,564
82,052
16,111
182,167
14,376
149,314
6.026
61.078
6.339
66.019
24,187
86.632
7.990
23.342
14.441
74,856
18,582
81,939
3x
16,524
75,484
41,397
202.862
a Net earnings here given are after dedaotlng taxes.
b Netearnlngs hereglven are before dedaotlncr taxes.
n These
t
May
Port
A
A Amherstborg
earnings include the Detroit United Railway, Detroit
Buion Shore Line and the Sandwich Windsor
Railway.
X Figures for 1902 cover only the Olev. Elyrla
* Results for 1902 are for Cincinnati Newport
Interest Charges
A Western
A
Ry.
Covington Ry.
and Snrplng.—-The following Stbebi
railways, In addition to their gross and net earnings given In
the foregoing, also report charges for Interest, &o,, with the
•orplus or delioit above or below those charges.
Bu I. of Net Eam'ga.—.
In/., lienluls, etc.
Previous
Curi-ent
Otirrent
Previous
—
—
Roads,
BlDgbamton Rv.—
Apr. 1 to Jime 30
July 1 to June 30
Callftrnla Oas A EeotrlcOorp
May
Year.
Year.
Year.
Year.
$
$
$
$
19,864
68,100
65,243
16,820
65,319
•10.200
*32,002
37.639
*5,856
•27,961
——
July
—
IHA UnKWIli^
25, 1003.]
— Int., Kenlals, etc. —
.
Roads.
OtoolnDatl Dayton A ToJune
ledo Traction
Jan. 1 to June 3o
Cin. Newp. A Cov. Light
..May
Traotlon..
Jan. 1 to May 3i....
Citizens' Street RnUway
(Jinhhlil)—
Apr. I to June 30 ...
A
1 to
Jan.
1 to
May
Mar
31
—
Klgln Aurora * Xo June
Jan.
1 to Jiuie
30
Uoat:hron C.'uncy St. Ky.
(HHi'o>ek. Mi.-h.).May
June < to May bl
—
May
Hon*ron E'eof. < 'O.
June 1 to May 3i
Ind'p'llB
Year.
Year.
*
$
*
*
20.997
105,328
21,066
104,693
3.230
JUiu?3o
Duluth 9np Tra-t.
Tear.
Tear.
ANNUAL REPORTS.
6,669
3,679
der2,151
20.206
83.925
21,148
77.358
American Thread Company.
CStatement for year ended March 31, 1903,
The resnlts for the year ending March 81 compare with
...
AEaet.Ky Apr.
8?. 833
490.765
10.224
50,993
8.32 3
49,999
78.594
462,672
9,745
2,929
32,875
6.713
76,777
2,504
2,604
27,185
6,250
•42
*2,009
3,185
*79,316
*32&,935
13,571
40.387
11.424
4S,l!:8
8,333
49,9^9
Preferred dividend
Ordinary dividend
3,735
37,833
7,970
$300,000
242,740
244,524
168,000
$300,000
264,748
2*4.524
NIL
$310,000
2h7,760
262,676
434,000
Balance, surplus
The balance
March
sheets of
International Tract,
(''o.
(Buffalo). .May
Jan. 1 to May M.
July 1 to May 31....
131.697
637,189
System
Itbaoa Street Ky....May
JftoWfonv. Eleo.
June
I
to
1.819
3,001
Co.May
May
t
Assets—
$
12,565.063 12,552,518
Plant, etc
Slocks lu trade, net
3,934.738 4,137,134
c..st
Accounts recelv9rB,12l
7»«.9I4
...
ahle. net
(!fi,4K2
316,117
CbhIi
3l",45l
3)4,265
foundry tnvPstm'Is.
26.710
Advauce puym is..
L
to
—
May
Si
May
—
—A
to May 31
L0Bd.Bt.Ry. (Can. ).. June
Jan. 1 to June 3u
Milwaukee Eleo. Ry.
Jan.
1
June
LlMht Co
Jan. 1 to June 3u....
Milwaukee Light, Heat A
June
Traction Co
Jan. 1 to June 3u
Montreal St. Hv .. June
Jan. 1 to June 3o....
Oct to 1 June 30
northern Ohio Traorlon
June
A Lietit Co
Jan. 1 to June So
Olean St. Ry. Co. .. .May
—
Jan. 1 to
July
1 to
PeekBkill Lt.
May
May
A RR May
...
Elrc'rlc. June
July 1 to June o ...
Seattle Eleoino Co. May
Jan. 1 to
June
I
to
May
May
31....
31....
Rapid Tr.May
July 1 to May 31
Terrp Haute E^ot.. June
July 1 to June 30
Toledo Bye. ALt... June
Jan. 1 to June cO
Troy A New EnglandApr. 1 to June 30
Twin <;ity Rap.Tr.. June
Jan. 1 to June ;so....
United Trac.(Alb'y)—
Apr. 1 to June 30....
July 1 to June oO....
Byracii 86
66,016
389,552
•56.317
•278,116
•49.242
•272.771
14,580
78,180
24,197
115,191
9,466
53.908
19,391
99,761
144,298
6,471
•1,378
4.452
def^273
87.616
306,664
453,989
2,5C0
15,000
9,588
115,252
26.648
125,968
279,977
20,222
210,684
6,659
78,059
41.135
242,070
June
Sarannah
72,133
424,445
23.259
132,025
2,010
9,805
18,105
2,083
22.918
26,647
153,037
318,823
m
31....
Jan. 1 to June 30
6,174
30.869
4,842
31,982
2,287
13,593
164,(367
July 1 to May 31....
June
Rochester Ry
Jan. 1 to June bO
July 1 to June 30
Rookford Beloit <fe JanesvUlt*
9.900
88.725
6,204
30,959
5.413
26,841
2.154
12,888
•1,834
*8,8b6
6,319
14.952
6.2S4
11,177
3,586
11,445
—
—
9,866
X Paid 00 July
63,600
245,416
413,622
10,975
35,164
2,510
6,490
14,526
2,265
14.538
•28,817
'142.966
•291,792
18.188
102,556
1,319
6,494
14,807
24,754
148,607
302,588
3,893
13,416
9.627
89,350
32,297
85.392
9,633
21.929
113,094
245,689
19.025
209,221
6,279
68,759
87,854
227,033
29,j,210
deM,551
5.079
ti,919
2.797
8,304
12.854
31,019
1,366
1,883
10,122
*17,67i
•91,129
•181,697
12,771
20,022
79,793
379,976
6,186
'73.734
def. 870
2.200
t78,390
t470,3l8
2,200
t76,233
t4&6,533
100.609
525,963
386
102,2^3
429.5J6
76,917
292,837
73,576
265,795
'33,526
'248,319
•52.300
•202,594
Includes other income.
Fixed ohargea include dividend on preferred stock.
Covers period of the Pan-Amerloan Exposition,
n These earnings include the Detroit United Ry., Detroit & Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
*
1
m
Philadelphia Company and Affiliated Corporations.
Including Philadelphia Company, Equitable Qas Co., Consolidated
Oaa Company of the City of Pittsburgh, the Allegheny County Light
Co., and I'itlsouryh Railways Co.
June,
Jan, 1 to June 80.
1903.
1902.
19o2,
1903.
,
>
,
—
OrosB earnings.
1,207,000
Operat'gexp'sandtaxea. 755,334
1,076.850
692,702
7,728.568
4,285.626
Net earns, from oper'ns 451,666
384,148
14,016
3,442,942
259,134
«
4,900,000 4.200,000
paid UD
S p c.pref. fully rd. 4.8' 0,476 4.81'0 47ft
4 p. c iHt
bonds 8,100.000 e.oco.oio
M
Kni:. SewlugColton
Co., Ltd
504,009
Kerr Tntead bonds
Accounts (ayable..
lilt
X5i4.318
accrued..
.
i,o.^.«"e
41S,'4i8
eo.oiiu
3-!."<,466
1.275 OOJ
eH.iS8
976,000
Ifl'.COO
3.5,71.3
113,7J1
...17.817.S6Sie,181.9o9
Total...
76. p. s;67.
Calomet
Heda MIniD?
Sc
Co.
{Report for the Haeal year ended Apr. SO, 1903, J
Prf sident Alexander Agassiz says in substance:
The oharacterof the new openlnfcson the cooglomeratebelt tribntary
to the Red Jacket r<haft has, as in former years, been unsatisfactory.
We are preparlrK to oink a slope on the 57ih level to work the northern part of the mine known as the five forties.
We are InstallinK underground the pockets planned to serve the
Kimberly skips now bnllding to replace the cage and-car system in
use for hoisting at ttie Red Jacket shaft. This we hope to have in
The pockets have a capacity
o< mnalsslon by the oloHe of navigation
of liine tons.
Our railroad tracks are connected with those
of the
Copper Range Railroad, to whom we have leased depot grounds on the
outskirts of Red Jacket village.
The six additional heads in the extension of the Heola mill are now
In commission, ihe washing machinery, as well as the Cblte mills
used for regrlndlng. Is driven by electric motors. The equipment of
this new mill is mont satisfactory. It shows an inaportani redaotloa
In the cost of s'amping as well as a material saving in the tailings
from the mill. We have planned to equip both our mills according to
without unusual aeiays we should remodel four
this new system
;
heads annnally.
The new 60 foot sand wheel has been erected and Is running satisIts capacity is suffloient to distribute the waste from 18
factorily
heads to a distance of 7, 8uu feet frtm the mills. The machluery for
the electric power house has been ereoDud and Is In commission.
The resnlts, assets, etc., for four years follow:
OPEKATIONS, DIVIDENDS, ETC.
190102.
19C2 03.
1900 01.
1899-00.
Refined copper produced, tons
38,316
39,982
36,327
49,312
;
8.033
•92,998
7,659
52,399 del. :<5,545
19,6S6
28,604
128,902
91,870
def.585
1902.
ock, (3 60
Dlv. on com. sia.,
par. July. 1»0»....
Balance forward...
...17.817,56618.131,989
Total
81
Depreclat n fund
],19C2.
3.266
3,072
19C3.
LiabiHtitt-
Com.
Botid
-V.
July 1 to Juue30
May
KnoxvlUe Tract
Jan.
2,009
3,125
34,876
3i
Bttn^aton Con«>oil(1ated
Apr. 1 to June 30
LezlnKtonBy
20,971 def.8,078
7.728 dPf 87,191
157,208 m613,201
4,843
def.bZO
4,840
3,397
34,774
128,476
622,530
31 ST.
mo2.
.
.
$191,981 def $55,193
$8,950
and 1902, follow:
81, 1903
BALANCE SHEET MARCH
19"3.
75,186
2,327
1900-01.
$1,273,376
interest
•74.979
3.097
28.203
6.846
1901-02.
$764,080
Deduct-
*319.tt97
36,1'^4
Statist"
1902-03.
$1,147,345
Depreolation
Bond
14,442
38.444
6,108
24,857
"London
those reported for previoua years by the
in Jnly, 1902, as follows:
Profits
DeUoli United By. n (all
June
proiiertlec)
Jan.
Previous
16,330
1^3
^Bal. of Net Earn'gg.—^
Current
I'rerious
Ourreul
16.070
95.882
J
.Lil!.
6.b60,466
4,486
Piice of copper, ots..
11®16S8
.lli4®15is
per lb...
16's®l7
16@18)fl
Total dlvtdeDds (per
$a6 share)
$20
$40
$65
$80
Amounting to
$2,000,000 $4,000,0^0 $6,500,000 $8,000,000
ASSETS AND LIABILITIES OF APRIL 30.
1903.
1902.
1901.
1900.
Assets—
Cash at mine office
Cash at New York offloe..
Cash and copper at Boston office
Bills receivable at
$
$
$
$
116.381
15,000
154,025
15,000
122,367
15,000
149,396
15,000
5,987,055
3,781,851
3,350,489
6,738,462
509.584
600,276
366,653
I49,u37
382,012
673.676
504,588
4,467,171
3,869,868
6,981,019
165.836
17,629
79,073
81,540
96,826
32,824
319,651
871,575
650.288
640.837
300,000
1,425 000
1,701,738
2,168,130
2,720,160
4,260,858
Boston
and mine
fnsurance fund
Employes' aid fund
6,183
Total assets
7,234,879
Liabilitiei—
Drafts in transit
54,397
Employes' ala fund
Bills payable at Boston
3lfl,284
andmlne
-,.
Machinery, contracts, etc. £04,174
Cash for add'ns & improv's
Total
677,855
6,557,024
liabilities
Balance of assets
The capital stock
is
874,591
3,692,779
$2,500,000.—V. 76,
365,509
800,0J0
p. 1145.
Consolidated Lake Saperlor Company.
(Report on the Properties by President Shields, May 5, 1903.)
Following are condensed excerpts from a report made under date of May 5, 1903, by President Shields regarding the
36
condition of the properties and their probable earnings for
the year 1908-04. (The full report is given in the 'Iron Age"
MlBcellaneo us income...
18,826
338,598 of July 25.)
Iron Ore Properties.— The Helen Mlne.ontheMlchlplooten range.
Totearns. A Income... 470.492
398.164
3,702.076 3 504,579 Is the only iron ore property aocua'ly developed. Taking as d^tam
Fixed charges^
319,202
307,070
1.915,606 1,838,199 the former level of Lake Boyer, now drain«-d, there Was a peak of ore
which originally rose about 95 feet. This was removed and open
Remainder
151,290
91,091
1,786,470 1.666,380 workings were carried to a depth of about 2-> feet. The first uoderAcorued divjd'd on pref.
gronnd level was 85 feet below datum and the bottom of the open pit
•took of Phila. Co
23,937
23,935
143,607
145,642 Is now being broken down to this level. Ninety- Ave feet below tuis
level, or 185 feet below datum. Is the secona level, where a large
Net surplus
127,353
67,159
1,642,863 1,520,738 amount of develupicent work has been done. The wdUs between
Dne owners "1 common
which the ore body lies are practically parallel, and, our engineers
stock of tffiuated ooa..
174
def. 34
2,148 agree, proba 'ly continue thus t a cousiderable depth.
1,895
Above the lower level it, is safe to count upon aiout 700.000 tons
ATallahle for Phila. Co.. 127.179
67.193
1,640,968 1,518,590 measured up. Present knowledge warrants the cacuiation that every
foot of additional depih within the walls now defined -will add 7,500
• Fixed charges Include rentals of leased
companies, interest on tons to the pr'-sent ore body. [Since this report was written the drill
funded (let>t of above companies, and accrued dlvidt-nd.'i on prrferred has been put down 107 feet below the lower level and is still going in
stooks of afil.iated companies held by others than Philadelphia Co.
good ore. Jnly 11. 1903,]
3,165,981
>
.
THE CHRONICLE.
194
In three years the Ht»len Mine has shipped R84.000 tons of ore. Thp
present output Is from l.OOO to 1.200 tons per day, whleh we may be
able to brlDK np to 1.500 ton-i durinir the season. We are ooanttni?
npon the shipment of about 350.000 tons dnrinif the season. This will
•boat represent the ehlpments daring our fiscal year enJlns: June 30,
1904, and allowing a profit of 30 cents per ton. the Helen Mine
should yield a net profit of not les.s than $105,000 during the year.
Helen ore Is of non Bessemer grade and It will average for this season
about: Iron. 5900 p. o.; salphar. 014 p. o.; phosphorus, 0-10 p. o.
The quality Is Improving as the deposit deepens. The ore Is of suoh
pbysloal structure as to make It in demand for ase In mixture with
oft and
fine
Bsssemer
Car Shops -The
profitably occupied
flat
Oo., are
cars for the Canadian
for sereral months a net
profit of $1,500 to «1.800 per month, but the ore deposit is not likely
to prove of large extent. It is entirely safe to count upon $15,000
net profit from this mine for the year, as there is a large amount of
ore on hand.
The estimated earnitiga for the variona nndertakinga for
the fiscal year ending Jane 30, 1904, and the fixed charges to
be met daiing the same period are snmmarized below:
BSTIMATBD EARNINGS.
Helen Iron Ore Mine .. $105,000 Street railway & ferry
$30,000
Steel- rail mill
400,000 Michigan Lake Superior
Sawmill
75,000
Power Co
110,Ono
Veneer mill
40.000 Lake Superior Pow. Co.
20,000
Pulp mills
75,000 Tagona Water &Lt.Oo.
35,000
Algoma Cent. 88. lines
50,000 Car shops
15,0C0
Algoma Cent. & HudGrace Gold Mine
15,000
son Bay By
176,000
Maltoulln Jk N. B. Ry...
25,000
Total
$1,170,000
INTBBBBT ohabgeb.
Mioh.-Lake Superior Pow. Co.. $3,500,000 of SsTT.. $175,000
St. railway ana ferry ($600,000 bonds at 5 p. o.) ..
30,000
Tagona Water A Light Oo. ($160,000 at 6 p. c)
9,600
Town deben's ($228,000 of 6s and $25,572 of 4s).. 12,423 227,023
ores.
thorough examination. The Josephine property Is now being redrilled before proceeding further with the shaft, which has already
been put down about 150 feet. ;!*inoe thla was written, four drill
holoB have been put down on the Josephine, with patisfaotory showini;
of ore that promises to come within the Bessemer limits.] On the hill
above the Helen Mine there is a laree deposit of elderite— carbonate of
Iron which has never been explored. On the Mesaba range we have
one-quarter of section 16, which has been known as the Woodbrldge
Mine. Only a small portion of this tract has been explored with the
drill, but within this limited area 2.500,000 to 3,000,000 tons of good
non-Bessemer ore have been meai^ured up. This property lies about
four miles from a railroad and no development has been begun. In
the Helen Mine there Is one pocket of pyrites which our engineers estimate to contain abont 150,000 tons.
IBON AND Steel Works.— The iron and steel plant at Sanlt 8t. Marie,
Ontario, includes two blast furnaces, with by-product retorts and beehive kilns for making charcoal; a Bessemer steel plant and a rail mill.
The smaller stuck, which is intended to use charcoal, is practically
oomi'leted. The bv-product plant of 20 retorts and 40 beehive kilns,
with 16 more which are htiag built, will furnish the charcoal neoes
sary for this furnace. The oonslruotion of the second furnace, which
will (make coke iron, is well advanced, and the ore-unloading and
handling plant is approaohlQi; completion. We ars counting upon
baving both furnaces In blast by July I and at present there is
nothing to indicate that we shall fall In this. The Bessemer steel
plant and rail mill were run for several months last fall, and beyond
some changes which have been suggested by this experience the works
require no farther construction at present.
This whole plant is well designed and ought to operate with economy. At present we have no Bessemer ore. We can use part Helen,
but shall have to buy Bessemer ore for this mixture. It will also be
necessary to buy some pig iron to supj lement our own production.
Even under these conditions we can probat>iy make a good profit on
ralis, particularly as the duty of $7 per ton will go Into effect when we
show that we can make rails to meet reasonable requirements. [Since
these estimates were prepared the Canadian Government has increased the pig iron and steel bounties 20 per cent, which will Inoreare the estimated profits on steel rails about 87 cents per ton.]
With 20 per cent of Helen ore at $ 25 per ton, 80 per cent of old
range Bessemer at $4 25 per ton. coke at $6 per ton and charcoal at 6
cents per bushel.the cost of charcoal pig iron Is figured at 912 66 per
ton and coke iron at $13 73 per tor, credit beinit given for the bounty
in both cases. With 250 tons per day of coke iron and 150 tons of
Charcoal Iron from our own furnaces and 100 tons per day of coke
iron from iMldland furnace, in which we ha^e a two-fifths Interest
(taking this iron at $20 per ton), we have a dally supply of 500 tons of
pig Iron at an average cost of $14 66 per ton. On this basis the mill
«08t of rails is estimated at $2^ 47 per ton. Interest and depreciation
have been allowed at 10 per cent on $1,500,000, which represents the
Investment In the furnaces and mill, with all of their accessories, and
the charcoal kilns and by-product plant. The product of rails for the
fiscal year has been put at 125,000 tons, or 500 tons per day for 260
days. On this basi? there would be a charge of $3 60 per ton for Interest and depreciation, and adding this to the mill costs makes the total
cost of rails $26 07 per ton.
Assuming that we shall get from *30 to $31 per ton at the mill for
rails, which is allowing for only a small portion of the advantage accruing from the $7 duty, there will be at least $4 per ton profit, or
$500,000 on an oatput of 125,000 tons, but to be safe this has been
—
Estimated net earnings for 1903-04.
$942,977
The Consollclated Lake Superior Co, owns $243,000 of these bonds, the
Interest on which mlgnt be deducted; but it may be deemed desirable to dispose
of tnese bonds and add the proceeds to our working capital.
"This statement may be accepted as a conservative estimate of the earnings for the coming fiscal year. Any change
Irom these figures is likely to be in the direction of larger
"
earniogs rather than
T
•
a decrease
Henry K. McHarg, Edward J. Berwind and
Samnel Rea append to the report their opinion that its statements are conservative and trustworthy.— V. 77, p. 149.
Directors
Montreal Light, Heat
& Power
Co.
^Report for the fiscal year ending April SO, 1903, J
President H. S. Holt says in part:
Acquisitions.— Tour company has acquired the Laohlne Rapids
Hydraulic & Land Co., the Citizens' Light Power Co. and the Standard
Li»!ht & Power Co. The cost of the purchase has been included in the
-'
<fe
balance sheet submitted herewith, but the earnings and expenses of
these plants will only form part of this company's operations from the
beginning of the coming fiscal year. Your company is now supplying
all the gas and electricity used in the city of Montreal and surrounding
suburbs. To provide for the purchase of these properties the shareholders authorized an Issue of $4,000,000 "Lachine Sinking Fund
Bonds." (See V. 76, p. 923.)
Refunding— During the year a further $1,000,000 of the 4iflp. o.
bonds were issued, of which $243,334 was used to retire an equivalent
amount of 4»9 p. c. bonds of the Montreal Gas Oo. and $^7,473 to
retire In a like manner seventy-seven A^^ p. c. bonds of the Royal
Electric Oo . and there remains In the treasury $240,000 unsold.
Improvements, Etc.- The stores and shops have been centralized In
one building, and the oomoany is now In a position to do all necessary
repair work itself. The Queen St. station has been remodeled and
made thoroughly fire-proof.
To proviae for the increasing oonsumptloo of gas, contracts have
been let for the operation and extension of the Eim Station Works.
During the year 17,806 incandescent lamps, and motors equivalent
to 5,093 horse power, were added to the company's circuits, exclusive
of the companies recently acquired. There were installed during the
year 3,565 gas and 465|electric meters, 2,305 gas stoves and 1,338 new
services, and 73 miles of new mains were laid. The increase In the
output of gas was 122,014 cubic feet, equal to 16 p c.
Chambly Dam —On Nov. 30' a portion of the Chambly dam was
carried away, causing a serious loss in property and revenue. The
dam and power house foundations are now being rebuilt In such a
manner that, we are assured, there will be no possibility of similar
damage in the future. The changes made in the plans will give the
company 1,800 additional horse power, which, if capitalized will pay
for the reconstruction. Owing to the break in the dam, the company
snffered a loss In revenue, and an Increased operating expense, estimated at $153,351 net earnings.
to .'flOO.OOO.
Lttmbbb Operations.—The new saw-mill at SaultSte. Marie. Ontario.
has been running since the first of the year and has cut from 80,000 to
The out Is mainly pine,
125,000 feet per day, besides laths.
and the entire output for the season has been sold at $22 per
thousand for merchantable stuff, $10 for culls and $5 for dead culls.
This mill ought to yield a profit of $85,000 for the coming year, but
this estimate has been reduced to $75,000. The small mill at Goulais
The veneer mill at
It will probably be found advisable to shut down.
the 8oo has been running only a few weeks and I do not feel safe on
flirurlng on more than $40,000 of profit from it, which is less than onethird the estimated earnings on single veneers alone without allowing
anythlcfr for profit on glued-up stock.
Pulp Mills.— The Sault 8te. Marie Pulp & Paper Co. has been losing
money heavily on Its pulp. With logs at several dollars per cord below
the prevailing price, these mills ought to be making good profits
The losses appear to have been due to the attempt to get gas from the
roasting of pyrrhotlte, which has not yielded enough gas to enable the
mill to make more than 18 or 20 tons of pulp per day on a rated
capacity of 50 to 60 tone. The fourth dry machine, just Installed,
completes the equipment of this mill as planned. Both the ground
wood and sulphite mills have been gradually reduclnu their costs
until they are now about equal to the prices obtained for the pnlp.
These mills I should say ought to earn not less than $75,000 for next
Comparative statements of earnings and balance sheet
follow:
BABNINOS, expenses AKD CHABGBS years ending APRIL 30.
1903.
1902.
1901.
Gross earnings
$1,937,560
$1,760,285
$1,690,706
Expenses
1,036,638
939,068
890,329
Net revenue
on bonds and
Interest
year.
Railroads and Steamships.— The four ore steamers and two ore
loans...
Dividends paid
barges, and the three pas.'tenger steamers, can probably earn at least
$125,<,00. but It seems be«t to set aside $75,000 of this sum for depreciation; this leaves $=>O.000 as their net earnings for the coming year.
With 350 000 tons of ore to move and large quantities of other ma-
$900,872
$182,205
679,334
Surplus
$821,217
$91,495
(4%)&87,969
$900,377
$176,670
490,404
$141,753
$183,308
$39,338
BALANCE SHEET APRIL
the AlBoma Central & Hudson Bay Ry. can probably earn
$200,000, but $17^,000 la surely a sate estimate. The Manltoulln &
North 9hore Ry. can be depended upon for not less than $25,000.
Street Railway and Ferry. -The two street railway lines and
the ferry across the 8t. Mary'f River have started off with good traflao,
and the comcetlng ferry has just come Into our poesession. While It
seems probable that these lines will earn more than interest on the
bonds, I have not counted upon more than the $30,000 required for
1903.
terials,
1902.
Asset*—
t
$
Stocks, bonds and
int. in ether cos.82, ,897,183 18,182,188
New construction. 1 ,130,48S 324,091
B'jnds unsold
240,000
B &8m.-V. Co.
purplus account.
Accounts recelv'le
Stores
Coke, tar, etc
Gas stoves
Water and
Cash
Total
-V. 76, p. 1089.
30.
1903.
1902.
(
$
Capital stock
17,000,000 16,977,850
Bonds
6,921,000 2,600,000
Chambly plant
2I>8,57«
89,424
Accounts payable.
288,678
269,690
lAibUitUs—
Customers' depos-
St.
Interest.
Liqiit.— The Tagona Water & Light Co. has the water
and electrlc-llKhiing franchise for the town of Bault 8te. Marie, Ontario, and leaving out all seivlce rendered to our other companies,
will t-arn the comlnir year *35,000 or more.
Michigan Lake Superiob Power Co —The power contract of the
Union Carbide Co. will be due to yield something on July X, 1903.
At that time rental will commence on one-half of the 20,000horse
power which the Carbide Company Is to take. The rental of this first
10,000 horse power will be floO.OOO per annum. The Trans-St.
Mary's Traction Co. is the only other purchaser of power at the present
time, and there will be an iuoume of $10,000 or more from this source.
We have therefore $110,000 as the assured Income of the Michigan
Lake Superior Power Co. durltg the year. This is not a profit, as interest on iw bonds Binounns to $l7.^,o<JO per annum.
Lake Scperior Power Co.— The principal earnlnes of the Lake
Superior Power Co. are accounted for in the Income from the Helen
Mine, which Is owced and operated by this company. There are two
power contracts, however, which will yield about $20,000, viz Canadian Electro-Chemical Co., $13,500 per annum, and the International
Transit Oo. about |8,000.
Algoma Commercial
60o
for
new worh during the year.
Obace Gold Mine— This mine has yielded
the Mlchlplcoten ranee there are several other Iron ore pro8peot.8
owned by your company, which are of sufflolent promise to warrant
dovm
oar shops of the
on a contract
Pacific Ry. These shops represent a small investment and can turn out
about six Hat cars per day; $1S,000 Is a safe estimate of the profits on
On
out
[Vol. LXXVII.
218.669
269.847
91,289
21.279
40.510
154.859
its
209.05?
168,810
39.442
»4.218
1,490.893
26,C67,049 20,415,197
Accrued interest..
Bank InaLs
....
Divis. unclaimed..
Div. May 15
Sarplas
Total
21^55
17.604
87.314
301,012
6,986
170,000
181.087
«6,798
7,168
146.807
141,753
26,067,049 20,415,197
YlrginiaCaroHaa Chemical Company.
C Report for the year ending June
15, 1903,)
Secretary S. D, Crenshaw says:
Your management desires to say that at the beginning of the past
fiscal year they deemed it wise to take advantage of the very large
:
'
earnings of your company for the previous year to strengthen its position by substantially increasing its touna'.'e output within Its territory, especially in view of the fact tha' the large sums expended for
the past few years on Improvenaents of and additions to your plants
have Increased their productive capacity fully 33^0 p. c.
It was realized that this program could be carried out only at the
expense of 8ond% profit for the year, and that moreover your company
was confronted with a very decided advance in the price of materials.
I
—
July
THE CHRONICLE.
25, 1903.]
After ooneiderlng the
BDpplies and labor over the previous year.
matter carefully your management reached the conclusion that the
ultimate benefit to be derived for the stockholders by seourint; a
creater percentage and volume of business and tonnage outweighed
the qaesilon of working solely to the end of larger profits for this one
year.
As a result of working steadily on this line the business Ihas
been pushed from 779,003 tons the previous year to » total of
983 634 tons the past fiscal year, an Increase of 26-26 p. o. of actual
business. In addition to which your company sold and had orders for
36 000 tons more (over 3»^ p. o. additional), which they were unable
to ship owing to the inability of the railroads to furnish cars.
Your mangtment l8 clearly of the opinion that the Feourlng of this
increased buoluess and tonnage win prove of far greater benefit and
value to the stockholders in the future than any additional profits for
this year, especially as the earnings for the past two years considered
toi'ether have given an excellent average outcome.
Your company commences its new fiscal year with a greatly
strengthened position, and as far as humanity can see, the outlook has
never been more promising tor the future.
The
compare as follows:
TBAB BNDINO JUNE 15.
results for four years past
FBOFIT AND
LOSS ACCOUNT
1902-03.
190102.
189900.
1900-01.
$3,1231,377 $4,143,471 $2,139,509
Gross profits
Bepalrs >& depreciat'n
635,060
662,089
355,554
charged off
Gross earnings for the first week of July, $51,200,
an increase of $36,200 over same week last year.— V. 77, p. 87.
$223,000.
Central Pennsjlrania Traction Co.— President.— Fr&rik
B. Mnseer, Saperintendent of the Harrisburg Traction Co.,
has, it is stated, been elected President of the lessee company,
the Central Pennsylvania Traction Co.
A'arninflfs.— See Harrisburg Traction Co. below.— V. 76, p.
1399.
Chattahoochee & Gulf RR.— Bonds Oj^ered.— Secretary
and Treasurer H. W. Johnson, No. 28 Bryan Street, East
Savannah, Qa., will receive bids at or before 12 o'cljck,
noon, Aug. 23, 1903, for all or any portion of an issue of
$108,000 first mortgage 5 p. c. thirty-year gold coupon bonds
of this company, said bonds, limited to $4,500 per mile, being
issued under the terms of the existing mortgage to The
Citizens' Bank of Savannah, Savannah, as trustee, for the
purpose of building an extension of the main line for a distance of about 24 miles beyond Sellersville, Ala. —V. 75, p.
1301.
& Qaincy RR.— Called Bonds.— The
Trust Co. of Boston will pay at par on Aug. 1
Denver extension 4 per cent bonds due Feb. 1, 1992, to the
following amounts, viz.: $51,000 in $1,000 bonds and $1,600
Chicago Bnrlington
$3,481,384
$1,783,955
$1,539,249
New England
$960,000
869,649
$S09,.^28
390,000
$554,017
267,649
in $100 bonds.
$2,568,621 $1,829,649 $1,199,525
$584,430
$27,696 $1,651,735
Bal. to undiv. profits
$821,667
$717,682
Total net profits. .$2,896,317
Less int. rfdjrs.—
Int.
on
collat. trust..
$209,401
perann.)
960.000
Com. (4p. c.per ann.) 1,399,220
Pref. (8 p.
c.
BALANCE SHEET.
1902.
1903.
Auets—
Cash
Accounts receivable
June
Jiaie 15.
1901.
June
14.
15.
$1,729,401
$1,913,556
3,918,835
2,764,096
4,513,975
4,440,799
Bills receivable
5.637,458
4,029,059
Merchandise Inventory
3,383.475
2,827.786
Undlv. earns, subeidiary cos..
27,689,879 x28,637,963
Investments
Bteamer. steam tugs, barges,
and lighters
20,250
157,178
Plants, pyrites and phosphate
mines and lands
11,099,468
y9,619,529
Brands, trade marks, goodwill, etc
3,348.900
3,348,900
75,034
51,235
Unearned insurance
$1,744,525
2,669,140
4,888,923
2,792,784
1,034,232
4.128,908
$52,608,936
$30,324,555
$12,000,000 $12,000,000
27,984,400
27,984,400
7,000,000
Bills payable
4.794,260
4,465,380
Accounts payable
296,462
361,033
Due subsidiary companies ... 4,587,254
2,960.284
200.000
Con tin g en t fund (bad debts) .
200.000
Aco'd iLtereet on coll. trust ...
72,917
Undivided profits
4,665,534
4,637,838
$12,000,000
12,000,000
$61,600,827
Total
Liabilities—
Capital stock, preferred
Capital stock, common
Collateral trust loan
195
157,178
9,615,663
3,348,9 -^0
44,298
2,232,087
115,373
801,997
.
3,175,0fa7
JVo/e«.— This company's 5 per cent note for $5,000,000 is to
be dated Aug. 1. and will be payable March 15, 1904. It is
secured by $7,000,000 C. B. & Q. (Illinois Division) 3i^ per
cent bonds, with a 20 per cent margin in market value to be
kept good. Denominations of participation receipts, $5,000
and upwards. The notes are not subject to call before maturity.— V. 77, p. 146.
Chicago Great Western Rj.— Omaha Line Partly Opened,
—The company on July 20 put in operation
its
Omaha
line as
far as Tenant, 3D miles from Council Bluffs. The remainder
of the line to Omaha has been graded and the rails are laid,
but the ballasting will not be finished and the road opened
for traffic before Aug. 15. The distance from Chicago to
Omaha by the Great Western is stated as £00, contrasting
with from 488 to 499 miles by the existing lines.
An official of the Great Western is quoted as saying:
We will run our own engines and oars ta tbe paclting houses at
South Omaha over the tracks of the Union Paolflo. Our line to Omaha
will be first-claBS and will round out our system in fine shape
When
the contract was made with the packers whereby we were guaranteed
a certain share of their business for a period of seven years, our competitors claimed that the packers would not maintain the agreement;
that they would give us the amount of traffic agreed upon for a short
time and then ignore us. That prediction has not been Terifled. On
the contrary, the packers have strictly adhered to their agreement
with us, and they will continue to do so.— V. 76, p. 809.
Chicago Union Traction Co. Franchise Rights Extended Until Nov. 30. The City Council on Monday passed
X After deducting $2,692,926 deferred payments on account of ordinances extending all the rights of the Chicago City Railsame, y After deducting $400,000 deferred payments on account of way Co., the North Chicago Railway Co. and the Chicago
same.— V. 77, p. 145.
West Division Railway Co. which the city claims expire
July 30 until Nov. 30, with the proviso that neither party
waives any rights thereby. John S. Miller, as personal
representative of Judge Grosscup of the United Statea
Circuit Court, will open up in the meantime negotiations
with the city for a settlement of existing difficulties.
BAILBOADS. INCLUDING STREET B0AD8.
Reorganization.— A. tentative scheme of reorganization
Atchison Topeka & Santa Fe By.— See San Francieco has been drawn, and it is believed will in the main be adopted.
& Northwestern Ry. below,— V, 77, p. 87.
Its proposal to change the terms of the leases of the North
Atlantic & DanTille 'Rj.— Mortgage. The company has Chicago and West Chicago companies has occasioned a heavy
made a second mortgage to the Trust Co. of America of New fall in the prices of the stock of those companies. The ChiYork, as tmstee, to secnre an issue of |l, 525,000 second mort- cago "Tribune" says in substance
gage |1,000 four per cent gold bonds. Of the bonds $775,000
The Union Traction Co. has been paying stockholders of the North
cannot be issued until July 1, 1904, and |750,000 not until Chicago Street RallwayiOo. annual dividends of 12 per cent and giving
those
of the West Side Company 6 per cent as rental. The proposed
July 1, 1909, The principal will mature July 1, 1948 without
these flgures, but these instead of being guaranoption of earlier redemption; interest payable Jan. 1 and plan would preserve
teed would be in the nature of preferred dividends, the road paying
July 1. These bonds will provide for the payment of the the amount justified by the earnings. It la estimated that at the presamount remaining due on the preferred stock ($1,239,680), ent rate of earnings this would allow payment of dividends of 8 per
on the North Chicago stock and 4 per cent to the West Chithis being payable partly next year and partly in 1909.
The cent
cago stockholders. It is claimed the company is earning $1,800 a
rental from the Southern Railway under the^lease will just d^ more than It did last year.
cover the interest on these bonds when issued. V. 73, p. 1061,
Bonds for the Improvements which must be made if the road is to
develop its full earning capacity must take precedence of all stock,
Bangor & Aroostook BR.— iVew Sfocfc.-The Maine Rail whether of the Union Traction Oo. or the underlying oompantes, if the
road Commission has approved the proposition to issue $500,- sale of the securities is to be expected. After the interest on these
is paid, the dividends to underlying companies and lattr to
000 capital stock for the purpose of buying the leased line, bonds
those of the Union Traction Oo. would be in order.
the Fish River RR,, extending from Ashland to Fort; Kent,
Under the peculiar terms of the leases which Yerkes made with the
Union Traction Oo. on behalf of the underlying companies then in his
53mile8.-V.77, p. 35.
charge, it would appear that the title to the franchises and other
rights of the underlying companies were sold outright to th^ Union
Boston & Woicpster Electric Companies.— See Boston
$61,600,827
Total
$52,608,935
—
$30,324,655
GENERAL INVESTMENT NEWS.
—
:
—
&
Worcester Street Ry. below.—V. 76, p. 211.
Boston & Woicester Street Jij.~ Authorized.— The Massachupetts Railroad Commiesion has authorized the issue of
$1,000,000 5 p. c. 20-year bonds; al?o $250,000 stock, making
the total stock outstanding $1,250,000. Compare V. 77, p. 86.
(The)
Cambria
&
Railway.— Jlferg-er.-The
Clearfield
&
Northwestern RR, Co.,
Clearfield RR, Co, Creeson
Irvona RR. Co.,
Millersburg RR. Co., Ebensburg
Black Lick RR. Co. and
the Tyrone
Cleaifield RR, Co,, all controlled by the Pennsylvania RR. Co., voted on July 17 to merge these companies
into a new copipany, to be known as " The Cambria
Clearstockholders of the Pennsvlvania
Traction Co. instead of being merely leased to It. It is also claimed
that in case of a forfeiture of the lease the $10,000,000 in stock deposited as security for its faithful performance would go to the Union
Traction Co. instead of to the underlying ones.
The plan proposes to correct this by re writing the leases ao as to
make the owrerehlp of the underlying companies perfectly plain, as
well as to vest in them any franchises which may be proonred from
the city also that in case of forfeiture the guaranty fund shall go to
the Btookholders of the underlying ootnpanies.
;
Railway Co."— V. 77, p. 35.
Canadian Northern Rj .—Earnings,— A press dispatch reports tbe gross earnings for the year ended June 30, 1903, as
$2,448,CC0, teiEg an ircrease of nearly $l,OCO,0CO over 1903
The committees representing the stockholders of the North
and West Chicago Street RR. Companies reached an agreement on Thursday with the legal representatives of the Union
Traction committee providing that "the rentals reserved in
the lease shall be a preferential charge up to 13 and 6 p. c.
[and to the extent of 8 p. c. upon the stock of the North Chicago and 4 p. o. upon the stock of the West Chicago
shall be a preferential cumulative charge], and shall be payable before any dividends upon the stock of the Chicago
Union Traction Co. or its successor." In other respects the
bet,
modifications are to be in line with the foregoing statement
Cambria
&
&
&
&
&
field
;
$860,000;
fixed charges, $637,000;
balance,
surplus.
— —
—
THE CHRONICLB.
196
from the Cbicflgo 'Trlbane," except possibly as regards the
bond issu'^. The stockholders of the North and West Companies w;ll shortly
be asked
to
ratify the changes.
—V.
77, p. 146.
ChoftiW OUahiima & Galf RR.— Lisfmflf.—The New
York Stock Esonange has been reqaeeted to list |349,000
additional bonds of 1952, issued on acoonot of the extension
from HaileyviUe to Ardmore, 115 miles.— V. 76, p. 1865.
Cincinnati Intertermlnal
RR.— A'ietr
Stock.
—The
share-
holders will met-t Ang. 17, 1903, at the office of the company
in the Boylan Ballding, 14 Eiast Fourth St., Cincinnati, for
the purpose of increasing the capital stock by the issue of
|400,0i^^0 in first preferred 4 per cent stock.
The company
was incorporatf d io Otiio in January last with nominal capital
stock (flOOCO in $100 shares), to construct at Cincinnati a
railroad (not a steam line) from McLean Ave. and Hapkins
St. to Third St. and Eggleeton Av., for the transfer of freight
and passengers between the various railroad and other
depots of the city. Jas. H. Woodard is President and J. Qano
Wright Secretary.
CleTfl^nd Electrfc Rf.
City Receives Only Tico Bids.
—
[Vol.
LXXVn.
William B. Given continues as President. His annual reit is stated, showed an increase in the net earnings of
the system of $12,099.— V. 73, p. 236.
Lehigh Valley RR.—See Lehigh Valley Ry. of New York
below.— V. 77, p. 147.
Lehigh Valley Ry. of New York —Ifflrgrer.— This company
has increased its capital stock from $5,90 ',000 to $10,000,000,
and taken lea>>es of the Seneca County Ry., the Waverly &
State Line Ry. Co., the Rochester Siuthern RR, Co, the
Middlesex Valley Ry. Co., the Canal Ry. Co. and the Elmira
Cortland & Northern Ry. Co. This is preparatory to merging the several companies, all of which are subsidiaries of
the Lehigh Valley RR. Co.—V. 68, p. 357.
Loaisville (Ky.) Rj.—Offlcial Circular.— A circular signed
by President T. J. Minary of the Louisville Traction Co. says
port,
in substance:
The LnnlevlUe Traction Co. has an authorized capital of $2,500,000
of 5 p o. onmalatlve preferred stock and $i2.0u0 000 of common
stock, and mate.o the following; offur for the purchase of the preferred
and common eti'ok of the Louisville Railway Co.
Ir. will Kive for the preferred stock of
the Railway Company an
equal amount of the preferred stock of the Tractilon Company; also
2«'
p
c.
common
In Its
stock.
For each stare of the common stuck of the Louisville R^ilw*y Co.,
Of the eleven three ceut-fare franchisfs offered by the city and
la consldHratlon of the additional payment to the said Traction
(this company being excluded from bidding) only two were Company of $S5, the Traction Company otters to Issue
to the holder
three th* es "f thM common stock of the Traction Co.
bid for, VIZ
:
One for a
line
on Denlson Ave., a croea-town
line,
and the other was
for a line on 8ep»'ca St., between Ji^tteraon 8t. and thw lnt<*r8*'otiOQ of
doract' n Ave. The bid t>T the former was ni*i1e by Albert E Green,
who offered a fj»re of three cents cash, with five tickets tor hfteen
cents, seventeen for fifty cents and thirty four for a dollar. J R.
Zmant ofiered to coustruot the road on e^neci St and charge three
oentB for a etoKle cash fare, ^tve seventeen tickets for fifty cents and
thirty -five tickets for a dollar.
The matter, it is said, will have to be fought out in the
courts in order that the question of the rights of the Council
to grant franchises be determined.— V. 77, p. 85,
—
Detroit ^oaXhern RR.— Stock Increased. The shareholders on July 2a approved the proposition to increase the authori«ed capital stock from $17,000,000 to $26,000,000. See V. 76,
p. 1355.
Extension to Toledo.—The Toledo & Springfield Ry. has
been organized to hnild an extension from Hamler, on the
Detroit Southern RR.. to Toledo, a distance of 30 miles. The
latter comoany will guarantee the 5 per cent bonds to be
issued by the Toledo «fe Sprirgfield Ry. It is expected to have
the line in operation by tne end of year. The road, it is said,
will be also u^ed by the Baltimore & Ohio for an entrance
into Toledo. -V. 78, p. 1855.
RR.— Dividend Increased. —The
directors on Tuesday
declared a dividend of 2 per cent upon the first preferred
capital stock out of the surplus earnings for the six months
ending June 3o, 19 XS, payable Aug. 31, to stockholders of
record on Aug. 1. Dividends on the first preferred shares
were beeun on Ang. 1901, and have heretofore been 1}^ p. o.
Erie
The sii'Cli of the Traction Co. will be deitverel under the foregoing
on April 1. 1904. Shareholders of the Railway C'^. wbo accept
this propi'sltloQ and deposit their share* wl h either th^i PldnUty Trust
& ."iatety V*ult o. or the Columbia Finance & Tru^t Co.. both of
Louisville, Ky., shall be entitled to receive from such Trasc Company
an amount in ca^'h equivalent to Incerest on the par va<ne of the common stock Oepoi-itef), at the rate of 5 p o per annum from July 1. 1903,
to April I. 1904, oayable quarterly, and Interest at the rat-* of 5 p. o.
per annum on the oat-h payments which they shall make from the
dates of payment up to April 1. 1 04, and to interes- on the par value
of the preferred stock deposited at the race of .5 p. c p«r aunum from
AiTil 1, 190d, to A-prll 1. 1904. payable semi annually. Th9 stock
deposited must be duiy endorsed In blank and witnessed for transfer.
Payment, of cash amountlnK to 05p.o.of the common stock deposited
shall be made as f.>liow8: 25 p. o. on Sept. 1, I90i; 15 p. o on Dec. 31,
903; 5 p. c on the let of April, 1904. Any shareholder may pay the
full amouQi of CHsh at any time on or after Sept
1903, but the stock
win not be oellvf rable un'ii April 1, 190 1. The Traction Co. shall be
entitled to all dividends that may be declared on the deposited stock
offer
1
1
i ,
ttfcer
July
1,
190i.
This offer expires on Sept. 2, 1903, but the Traction Co.
reserves the right to extend it.— V. 77, p. 89.
LonisTille Traction Co.— Official Circular.— See Louisville
Ry. above. -V. 77, p. 89.
& Month RR.—Sale Aug. 19.— The foreadvertised for Aug. 19 at Muscatine, la.; upset price, $100,000.
The New York Security
Trust Co. is
the mortgage trustee.— V. 76, p. 654.
Mascatine North
closure sale
is
&
National RK. of Mexico.— iVec0 Certificates Ready.— Cersecond preferred stock and deferred stock will be
issued on and after July 27 next in exchange for the outstanding common stock at the rate of two shares of second
preferred and one share of deferred stock for every three
semi-annually.— V. 76, p. 1084.
shares of cotumoo stock, at the office of the company. No. 80
GalnesTille Jefferson & Southern RR.— Tb be Sold— At Pine St., New York.
Holders of deposit receipts for voting trust oertifijatea for
Gainesville, Qd., on July 21, Judge J. J. Kimsey of the
Northeastern Circuit Court ordered that the property be common stock, deposited under the Speyer circular of May
sold under foreclosure at Gainesville on Sept. 15. The upset 25 last, will, upon surrender thereof on or after July 27, reprice i3 $i95 GOD, viz., for the road from Gainesville to Jef- ceive certifi( aces for second preferred stock to the amount of
ferson and Monroe, $165,030, and from Monroe to Social two-thirds of the common stock deposited and a cash payCircle $30, OCO. Oat of the proceeds of the sale of the line ment at the rate of $3 38 per share of such common stock.
from Social Circle to Monroe there is to be paid as far as V. 77, p. »7.
may be the princiD«l and interest of the $40,t00 Walton RR.
New Paltz Highland & Poagbkeepsle Traction Co.—Suebonds. V. 76, p. 1406.
cesser Company.
Tnis company was incorporated at Albany
with
on
July
20
$103,000
of authorized capital stock to operNine bonds
tilnajaqail & Qaito Rj.— Called Bonds
ate as successor of the New Paltz & Pougbkeepsie Traction
thinking
special
series,
fand
No.
have
been
called
1,
($9,000),
foreclosed, the electric road 9 miles long from the
for payment at the ofiBce of tha Council of Foreign Bond- Co.,
holders, No. 17 Moorgate St., London. There is only one Pougbkeeosle Ferrv at Highland to New Paltz. Directors:
bond ia^ue, that of 1899, but certain portions of this are sub- J. A. Dnffv. T. G. Hinds of Jersey City and G. H. Patterson
ject to special sinking fuads such as that mentioned above. Jr. of New York City.— V. 77, p. 87.
New Paliz & Pougbkeepsie Traction Co.—See New Paltz
—V, 76, p. 693.
Highland & Pougbkeepsie Traction Co. above.— V. 77, p, 37.
HarrlBborg (Pa.) Traction Co.-Dividends.-Tfith the
Northern Pacific Ry.—LM<ed.— The New York Stock Exregular casti dividend of 3 percent has been declared the
change
has listed $1,500,000 additional prior lien railway and
promised scrip dividend of 5 per cent; both payable Aug. 1.
JEarniTJ^*.— Results for the late fiscal year are currently land grant 4 per cent bonds of 1997, making the total amount
Gross, $481,422; net, $218,280; taxes, listed to date $101,392,500. The bonds jast listed have been
reported as follows
sold to pay for new construction, equipment, etc., being a
rentals at d interest, $60,650; dividends, car equipment, etc.
part of the $5,887,000 of prior lien bouds set apart for the
(including, it is understood, dividends 6}^ p. c, or $110,000),
purposes of the "cash fund" as provided under the mortgage.
eurplns,
ltfdl-02
Dalance,
In
gross
re$2,849.
the
$164,781;
.Earnings.— For the 11 months ending May 31 earningfs
ceipts were stated as $166,530.- V. 76, p. 1192.
Wi-re
Oross
Kansag City Fort Scott & MemphU Ry.— Listed—The New EU ven
Net
other inc., not
Taxes, rent.
£al., sxtr.,
earnings.
ear' ings.
incl. land sales. <k imprnv'ts. main ststtfn.
York Stock Eichange has listed $1,744,000 additional 4 p. c. mrmths.
$K5»,K58
19 ^^•S..$i2,l>^)^,'>i^
$20,146,052
$8. 4K,907
(17,166 001
lS,6iJ,'Zl7
refunding gnHranteed bonds of 1936, making the total listed IHOl Oi.. 37,873,3.6
6tf9,6H
3,98a, 711
15,8x0,077
—
14?.
V.71,
p.
to date $i4 099,000. The proceeds ot these additional bonds
Norlheru Paclflc Terminal Co.— Called Bonds —The
have been used as follows: For the retirement of Birming
ham Eqoipment Co. bonds, $1,113,000; for the retirement of Farmers' Loan & Trust Co. will pay on Aug. 7, at 110 and
Ozark Eqaipment Co. bonds, $314,000; for improvements, accrued interest, twenty-five ($35,000) first mortgage bonds
betterments, new equipment, etc., $417,000; total, $1,744,000. drawn for the sinking fand.— V. 76, p. 169.
—V. 77, p. 146. 36.
Pittdbarg Johnstown Ebensbarg & Eastern BR. ReLancaster Coanty (Pa.) Railway & Light Co.—New Di- ceivtr. An application has been filed for a receiver for this
At a meeting on July 1 a larger representation was company. The application, which was made by J. W,
rectors.
given to certain intere8t4 by increaeiag the namber of di- Thatcher of Pniladelphia, and others, wiil be heard on Aug.
rectors from eleven to firteen. The following board was 15.-V. 75, p. 442.
tificates for
—
—
:
:
—
—
elected
:
Railways Company General.— f7arniwgf<i.— The income
from stocks and bonds owned for the year ending June 30,
1903, was $76,533; expenses and taxes, $7,445; surplus, $68,H. 088. The railways controlled earned for the year ending
*June 80, 1903, $297,972 gross, as against $242,450 in 1902.
and James Brown, Philadelphia; Llndley B. Morrison, N«w Jersey; H. O. BUooB, Mount Joy; Wlliarn B. Given, Columbia; i*. B Bhaw. Wliiiamspori; W. W. Orles', Juhn Hertzler, P. Eokert
Samnel
R. Shipley
Slaymaker. J. W B. Baastuan, R H. Bruoaker, Charles B. Keller,
L. Troat, H. K. Myers and J. Frederick bener, Lanoaater.^
JULY
—
ao, lauo.j
—
:
\J M-m. '•X^A'V JLV/JLI.Ha«
liJI
Thelight companies show gross earnings of $33,214 for tbe
fiscal year 1903. as against $31,838 in the previous year.—
V. 75. p. lUS, 667.
Trust Co., No. 64 Wall St. The coupons will, until further
no* ice. be paid by the National Bank of Redemption, Boston.
Baleigh & Ctpe Fear Uy.— Earnings— Bonds Offered.— The
gross earolngs tor year ended Jane 80, 1903, are reported as
$88,479, an increase of $11,289 compared with the year 190103;'net over operating expenses and taxes, $18. aOfl, an increase of $6,533, Annnal interest charge on the 33 miles now
in operation (including 13 miles completed about July 15) is
A block of the bonds (issue limited to $"5,000 per mile)
$8,000,
offered by F. J. Lisman & Co. See V. 76, p. 753.
WashiDgton Coanty RB. For«c/o« wre.— Judge Putnam at
Portland, Me., has ordered the foreclosure sale of the property; upset price, $2,300,000. Some months will elapse before the sale can take place. A bondholders' committee, consisting of F. W. Whitrioge, O. B. Schley and W. K. Brlce,
represents $3,233,000 of the $3,820,000 bonds. The interest in
default will amount on Nov. 14 to $731,415. The Central
Trust Co. is mortgage trustee. V. 76, p. 1144.
-V.
77, p. 148, 38.
—
—
& San Francisco RB.— Lt.s-«tngr.— The New York
Western Maryland RR.—Neio General Manager.— A., RobWabash,
Western
The additional bonds have been issued in full payment for Maryland and the West Virginia Central die Pittsburgh.
Construction.— A contract has been awarded for the conthe entire issue of stocks and bonds of the Blackwell Eaid
Rv. Co.. 389 68 miles in length, aud the struction of 23 of the 65 miles of the Cumberland extension
«fc Southwestern
Blackwell Enid & Texas Ry. Co., 13 10 miles in length, these connecting the West Virginia Central with thei Western
companies owning a continuous line of railroad from Black- Maryland. The 33 miles extends from Cherry Run, West
well, Okla., to Vernon, Tex., adistanceof 251-73 miles. Said Va., west, and represents, it is said, an expenditure of abont
lines of railroad are completely constructed and equipped, $1,500,000, there being five tunnels and twenty three bridges;
and are in operation by the St. Louis & San Francisco. See maximum grade three tenths of 1 per cent and curvature not
V. 77, to exceed six degrees.—V. 76, p. 544.
also Kansas City Fort Scott & Memphis Ry. above.
St.
Lonia
Stock ExchiiDge has listed §4,531,000 additional 4 p. c. refunding bonds of 1951, making the total listed to date $53,717,000.
ertson, Superintendent of the Middle Division ot the
will on Aug. 1 be made General Manager of the
—
p. 148, 38.
San Frarclsco it North Facifle ILy.— Called Ponds.— The
Mercantile Trust Co. of this city will pay on Feb. 8, 1904,
twenty- two thousand (|22,000) bonds of 1889 drawn for the
sinking fund.— V. 75, p. 664,
INDUSTRIAL. 6A8
AND MI8CELLANE0D8.
Allegheny Coal Co., Springdale, Pa.— A^ew Bonds.— The
•shareholders will vote Sept. 21 on a plan to increase the inSan FranciFco & Northwestern Ry.— /n Possension.— This debtedness from $200,000 to $800,000. C. L. Terry is SecreSanta Fe, tary. See V. 73, p. 283.
oompauy, a subsidiary of the Atchison Topeha
having purchased the property of the E-^1 River & Eureka
American Chicle Co.— Atmual Meeting.— A.t the annnal
RR. Co. and of the Califoruia Midland RR. Co., and also the
meeting
this week the company reported that after paying
took
over the
railroad of the Pacific Lumber Co., formally
in dividends, viz., 12 p. c. ($720,000) on the common
operation cf the same en July 1. 1908. The officials are: A. $900,000
and 6 p. c. ($180,000) on the preferred, it had total nndifl. Payeon, President, Horace Pillsbury, Vice President, F.
profits of $776,000.
The company, it is stated, has
W. Zeile, Treasurer, and A. Moreton, Secretary. Office at vided
built out of earnings during the year two modern factories,
San Francisco.— V. 76, p. 1086.
one at Louisville and one in Newark, N. J. V. 74, p. 1141.
Scfoto Talley Traction Co. New Securities.— The capital
American Ice Co.— O^cfaZ Sfa^etaen^— President Schoonstock of this company has been increased to $3,000,000, dimaker
says
as
follows
preferred
5
cumulative,
vided
$1,200,000
p. c.
Onr company has no floating or current indebtedness that cannot
$1,800,000 common. It is proposed to issue |9i)U.000 prebe liquidated out of the current receipts this year. The summer
ferred, reserving $300 000 in the treasury to be issued for baa sufflotunMy advanced to justly me in stating that our entire crop
future extensioi s, betterments and equipment when needed. of ioeoarrl-^d over from 1902 and that harvesned durlog tde past
The company further contemplates making a bond issue of winter will all be sold this year Ss^les are ahead ot last year and
prices very rauoh better. On the whole C feel .jastitted In saying that
$3,CO0.OCO, using $l,600,C00 now and reserving $400,000 for the company will demonstrate to its stockholders that they own an
future needs under strict conditions. It is not proposed to industrial whose poriniaenoy is assured. The company's real estate
alone is worth at auoilon prices $10,000,000, and could not be dupliEnt any of these securities on the market at the present time, cated for $20,000,000. Leaving aHide all questions of good will and
nt to hold them iotact until the property is completed and business. ihe real estate alone would pay al the company's bonded
in operation and demonstrates its earning capacity. It is and mortgaged ebts of less than $1,000,000, and pay more than twice
estimated tbat the property, completed and equipped, will the piesent selling price on the preferred stock.— V. 76, p. lOj?.
cost $2,500,0C0. The road is being built by a pool composed
American Seeding Machine Co.— First Dividend.— Thia
of Columbus and Cincinnati people, with no construction recent consolidation has declared a first quarterly dividend
profits, and is expected to be in operation by Jan. 1, 1904.
of 1% p. c. on its preferred stock, payable Aug. 1 to holders
The syst^m will consist of three divisions, viz.: (1) South of record
July 15.— V. 76, p. 596.
line of Columbus, O to centre of Lancaster, O , 27 3 milep;
American Tubing & St.amping Co. Bridgeport, Conn.—
(3) South line of Columbus, O., to centre of Clrcleville, O.,
288 miles; (3) CirclevilJe to Chillicothe, 21 6 miles; double New Plant. The new open- hearth steel plant was started on
track, 8 66 miles; total, 75 86 miles. A. W. Jones, Board of July 18.- V. 75, p. 1255.
Trade Bnilding, Columbus, is the General Manager.
(D.) Applcton & Co.— New Stock, The stockholders have
Seahoard Air Line Ky.— Further Consolidation.— PreaiAerit voted to increase the capital stock from |3, 000,000 to $3,500,Williams announces that tbe Florida Central & Penlupular 000, the increase to consist of 7 p. c. non- cumulative preRR. system, embracing 806 miles of road in Georgia and ferred stock. Of the new stock, $360,000 has been placed at
Florida, has been formally merged with the Seaboard Air par and will be issued at once; the balance will be held in
Line Ry Co. and is now included in the direct first lien of the treasury to be issued if and as the needs of the company
the latrer'a outstanding 4 p. c. first mortgage bonds.
may require.—V. 71, p. 810.
The Seaboard has also purchased virtually all the outcommittee consistAtlantic Coast Lumber Co. Plan.—
standicg minority stock of the Seaboard «& Roanoke RR. and ing of E, C. Benedict, Samuel P. Colt, Costello C. Converse,
is arranging for its immediate merger, thus consolidating the
B'rancis L. Hine and Francis Lynde Stetson, with Samuel
entire system, embracing at present about 3,611 miles.
Norris, Secretary, 9 Murray St,, New York City, notifies the
The Atlanta
Birmingham division is approaching com- bondholders, stockholders and creditors of tbe Atlantic Coast
pletion, and, with the several branch lines under construction Lumber Co. and creditors of Georgetown Lumber
Timber
will increase its mileage to about 3,000.— V. 76, p. 1356.
Co. and Georgetown
Western RR. that a plan of reorganToledo Bovf ling Green & Southern Traction Co.— Divi- ization of the Atlantic Coast Lumber Co. has been adopted,
dends Deferred.— The company reported for the year clo?ing and tbat in order to partic ipate in such plan it will be necessary
Dec. 81, 1903, gross receipts of $348,938 and net $115,166, to make depofcit of the bonds, stock or claims with tbe Indusfrom which tbe fixed charges and 3 p. c. dividend to stock- trial Trust Co. of Providence, R. I., or with Morton Trust
holders was paid. The first five months of 1903 show: Gross Co. of New York City prior to Aug. 3. Deposits of stock
receipts, $',08,3.57; net, $40,151, a gain of $17,923 gross and must be accompanied by the payment of a sum equivalent to
$1,468 net over the first five months of 1903, President G. B. $10 per share lor stock so deposited, such payment to be
Kerper makes tbe following statement:
made in cash or in claims against Atlantic Coast Lumber
rhe Indtcatlons for the year 1903 are that the gross will be fally Co., approved by the reorganization committee.
$r 0,000 more than 190 i. -while the net will not be ereatly Inoreased.
The plan recites the existing assets and liabilities as follows:
TtalsiBowliiK to the fact that taiefl, labor iDBarance and fuel have
North Carolina pine upon lands owned and leased, estimated to be
neatly inoreaned. The remedy for the redaction of experses aa to
In excens of
,OCO,' 00,000 feet; plant at Georgetown, 8. C, viz.:
fuel and labor Is In the hands of the directors, and ebonid be oarr'ed
3 sawmills, wharves, etc total cost more than $1,000,000; four fifths
out. The managt-ment has planned to spend oonslderale money dur
lug the preernt year la permanent ImprovementB. The line will bo [$200,000] of theoavltal stock of the Georgetown Lnmber & Timber
stralghteoed at Cygrt-t. and thereby shortened. A consolidated po-wer Go. [controls about 100,000,000 feet of North Carolina pine, and owns
plant will be bnllt. and the entire line of railway and the light olant a completely f quipped sawmill at Georgetown. 8. C]; $250,000 of the
$400,000 ot'Ck [subject to pledge for $tJ5,000] of the Georgetown <fe
will be operated therefrom, wliich will make a caving in operation of
at least iSl ',000 net per annum. This entire work will be completed Western RR Co. [there are also $500,000 bonds outstanding]; steamships •'Katabriln" and "Aragon," total estimated value of both,
by or before May 1, 1904.
$300,000, of whioh $161,425 still unpaid.
In view of the foregoing, the directors, at Findlay, Ohio,
Mortgage tnileb edness. first morti;age bonds, $2,000,000 and unpaid
6 p. c, Interest thereon since July 1, 1902; other secured Indebtedness
on June 35, 1903, passed the following resolution:
by lumber); receivers'
Wherea*. The recommendation of the President will prove of great about $=)50.000 (a ccnslderable part secured
certificates, etc unsecured
Talneto the property if curried ont, therefore be it resolved that all indebted ness, including $.i00.00(' receivers'
innebtedness. x iz (a.) direct llablii'les, $794,625 72, including debt to
f*"iing8 ever and above fixed charges for the year be applied to mak- the Export Lumber Co. e-'tlmated at $275,000, and (b.) contingent
ing the chanji' s and improvements as recommended.— V. 74, p. 1 52.
)labllttie8, $615,276, including $96,184 notes of tde Georgetown &
Wabihh RS..—Motunrig Bonds.—The $364 500 first mort- Western KR. Co.; capital stock, $1,000,000 in $100 shares.
gage bonasof the Brunswick
Chillicothe RR. Co. due Aug.
The new company is to authorize the following new
1,1903, will be paid when due at the office of the Central securities:
&
—
:
,
—
—
A
&
&
&
i
,
;
:
&
:
THE CHRONICLK
198
Flrat mortgage 5 p. o. bonds, sn^Jeot to call at par and Interaat on any
Interest day, with liberal slnhius; fund (probably $1.^0,000 a year for
the first tea years after the tirst year and J200,000 a year for the
next four year?); the same betn); applicable at alsoretlon of reorganization comiuhtee to extent of *t>00,000 to acqutslttonof new standing tlmbrr, timber lands, or timber rights, and the remainder for
purchase ol these first mortsaiie bonds. Said bonds to Include:
Series A. payable In 10 years and having priority as to
principal and Interest over Series B
$1,000,000
to be sold with $2^0,000 stock to a syndicate (which Is
being formed) for $1,000,000, to proTlde for inter»>8t
on bonds, receivers' eertlllcates and debts, secured
Indebtedness, to purchase property which the committee may deem essential and for purchase of $200,-
000 worth of additional standing timber.
Series B, payable In 15 years
To be used only In payment or exchange of existing
$2,000,000 bonds of Atlantic Coast Lumber Company.
Debenture bonds, subject to call at par and Interest on
any interest day, with liberal sinking fund (probably
tS0,000 a year for the first ei<ht years and $75,000
for the next ten years) to be applicable first to retirement of Series C. Said debentures to Include:
Series C, payable in ei^ht years and having preference as
to prln(?ipal and Interest over Series D
To be s'old with 950u,000 stock for cash ($500,000) to a
syndicate now being formed to meet expenses of
reorganization, for working capital.
Series D, payable in 18 years
For acquirement of unsecured claims of Atlantic Ooast
3,000,000
500,000
1,000,000
[Vol. LXXVII.
means
of loans and sales, and the transactions and conveyances by
this has been done will be presented to the meeting for approval.— V. 76. p. 1410.
which
Commercldl Cable Co.— Paci^fj Cable Open for Business.
Pacific Cable will be opened for commercial business
—The
to-day.—V. 77, p. 91.
Consolidated Lake Superior Co.— Rail IfiK,— William
Conye, the President's assistant, is quoted as saying:
Everything Is now In readiness for the opening of the steel rail
There
mill.
Ry.
already a contract for rails for the Canadian Northern
to our power house on the American side has
the water will be let into the power canal at
is
The damage done
now been remedied and
latest on
Aug.
6.
FresidenVa Report.— See "Annual Reports."
Bonds.— The offer to the shareholders of $12,500,000 of 4
p. c. collateral trust bonds at 60 was referred to at length in
the Chronicle on July 11 and July 18 (pages 91 and 149).
Subscriptions are payable 25 per cent at once; 25 per cent on
Sept. 1, 1903, and 50 per cent on Sept. 15, 1903 —V. 77, p. 149.
Consolidated Water Co. ol Utica.— iVewj President. John
V. Bacot of Orange, N. J., having purchased the interest of
George L. Record in the company, has succeeded him as
President and director, and will move to Utica to live. V.
—
—
75, p. 813.
Crystal Springs Water Co., Bethlehem, N. R.— Purchase
by Village.— The village of Bethlehem, N. H., voted on July
18 to purchase this company's plant for $49,500.
A&O
Cnnard Steamship Co.— English Oovernment Interest.
The shareholders will vote July 29 on two propositions (1)
that none but an Englishman shall have the right to be a
stockholder directly or indirectly or shall hold office as a
director or executive officer or as commander of a vessel or his
Bay State Was Co. of DelBLWare— Reorganization Plan.— assistant, and (2) to issue shares to the face value of £3,000,000
A cooimittee consistiDg of Titus Sheard, W. J. Arkell and to be called Government shares, and to be issued to a nominee
C. S. Drnaimond, with Maxwell Stevensoa &a Secretary, 74 of the Government. As to subsidy, see International MerBroadway, N. Y., and in conjanction with an Eaglish com- cantile Marine Co. below. V. 76, p. 1033.
mittee, including the Earl ot Kintore and E. Hall Craggs,
Denver (Col.) Gas & Electric Co.— Reorganization ComMiddleboro, Eiigland, make the following announcement
pleted.
The reorganization has been successfully carried
(see also adyertisement on another page)
through, without foreclosure, all or practically all the old
It is propo.=ed to form the United Gas & Electric Co. under the laws
consols having been deposited. The new prior lien mortgage
of Delaware or of such other State as may be advised, with a total authorized capital ot $26,000,000, all common shares of $10 each, and with is made to the Bankers Trust Co. as trustee and secures
power to carry on the business of lighting, heating and producing $1,000,000 of 6 p, c. $1,000 gold bonds dated April 1, 1903, and
power. Ten million dollars stock of the new company will be used to due April 1, 1918, but subject to call after April 1, 1908, at
acquire the capital stock of the United States Light & Heating Co. of
New Jersey (not less than 80 per cent thereof to be acqalred), and for all par. The new general mortgage (Trust Co, of America,
commissions, underwriting and syndicate compensation (compare V. trustee), is for the total authorized sum of $8,000,000, but
76, p. 870); and $15,7)0,000 stock is offered to the shareholders of the only $8,580,000 of the bonds are outstanding.
They are gold
Bay State Gas Co. of Delaware In exchange as follows: For three (3) 5 per cents dated May
1, 1903, and are due May 1, 1949, but
shares of said Bay State Gas Co. stock and one dollar In money there
will bo delivered one share of the stock of the new company. The subject to call at prices increasing 1 p. c. yearly from par on
total outstanding capital of Bay State Oas Co. is 4,713,000 shares of
May 1, 1908, to 105 on May 1, 1913; after the latter date they
the par value of $60 each. The remainder of the stock of the new com- may be retired on any interest day at 105.
Of the unissued
pany, together with all not taken In exchange as aforesaid, will re53, $2,160,000 are deliverable by the trustee on vote of the
main in the treasury lor further corporate uses.
The stockholders of the Bay State Gas Company desiring to avail directors of the company; $2,260,000 are reserved to retire at
themselves ol the privilege of such exchange will, on or before Sept. maturity the old underlying bonds (viz,: $1,500,000 Consol.
Ist, 1903, deposit their shares In the said Bay State Gas Co. with the
Knickerbocker Trust Co., No. 66 Broadway, and pay to sail trust Gas 6s due Nov. 16, 1911; $^90,000 Consol. Electric Co. 68 due
company one dollar for each three shares of stock so deposited. The Jan. 1, 1910, and $170,000 Western Electric Construction Co.
receipts will call for the return of the stock and money If the plan Is 63 due Oct., 1915). and $1,000,000 are reserved to retire if at
not carried out by Sept. 10th, 1903, the committee on or before that
deemed desirable the new prior lien issue above dedate to determine whether the deposits are eufScient to warrant the any time
scribed,— V. 76, p. 921
carrylnK out of the plan.
Denver Union Water Co.— Litigation.- hxtig&iion which
Receiver Pepper, who is seeking to recover the Bay State
Gas Company's assets whicti were sold under foreclosure has long been pending touching the bonds of the Danver City
last February and were bought in by the Massachusetts Q-as Water Co., one of the foreclosed predecessors of the Dauver
Companies (see that company below), says he does not ap- Union Water Co., explains the application by the American
prove of the plan, fearing that it may prejudice the claims Water Works Co. of New Jersey for a receiver for the Denof the shareholders in the suit that he has Instituted in their ver Union Water Co, The latter has always paid its coupons
behalf. The United States Light & Heating Co. (see V. 76, promptly (compare V. 63, p. 908).— V. 72, p. 285.
W. J.
p. 914) has $3,000,000 capital stock in $10 shares.
Depew & Lancaster Light, Power & Condalt Co.— Bonds
Arkell was interested in its flotation.— V. 77, p. 149
O/ered.— Walsh, Steele & Co., Buffalo, N. Y., are offering
Bell Telephone Co. of Phtladelphla.— ^ettf 5ffo(jfc.—The for sale a block of the outstanding $50,000 first mortgage
shareholders voted on Tuesdav to increase the capital stock sinking fund 5 p. c. gold bonds. The total authorized issue
from $13,000,000 to $16,000,000, as from time to time neces- is $55,000, dated June 1, 1901, and due Juae 1, 1921, withsary to provide for additions, etc. The directors, it is stated, out option interest payable June 1 and Dec. 1 at Fidelity
will offer $2,000 000 of the new stock to stockholders of record Trust Co., Buffalo. N. Y., trustee.
A circular says
Sept. 25 at par. f50 per share, one-half to be paid Oct. 20 and
Capital stock, $75,000; gross receipts for the year ended June 1,
1903, S16,457 net earnings, $6,426 interest on bonds, $2,.'S00 surthe remainder Jan. «0, 1904.
$3,926.
Ernest Feyier Is President, Lancaster. N. Y.; Hon.
New President.— U. N. Bethell of New York has been plus,
George A. Davis, Vice-President, Lancaster, N. Y.; PhUlp A. Laing,
elected to succeed James E. Mitchell resigned.—V. 76, p. 1194. Secretary, Buffalo, N. Y. Cash Investment nearly twice the bonded
eariilntrs now exceed 5 p. c. on the capital stock. The natural
Central Fonndry Co.— Report. —The results for the year debt;
gas plant owned by the company did not start until December last,
ended June 80, 1903, compare as follows:
and, jadfiin»r from the business done since, the net earnings of the
Fitcal
Net
Bond Replacement Deprec'n Miseel. Balance, company wUl be doubled the coming year. About 700 acres of the
year.
earnings, interest, etc., of equip, ofplant.
items, surplui. best gas land in Alden territory is controlled by this company and
Lumber Company, Georgetown »fe Western RR. and
Georgetown Lumber & Timber Co.
Capital stock in $100 shares
1,000,000
To be sold with bonds Series
$780,000
To be exchanged for existing $1,000,000 stock of
Atlantic Coast Lumber Co. on basis of $100 of new
stock for $400 of old stock upon the payment (In cash
or claims) of $10 per each old $100 share... $250,000
— V. 77, p 91.
—
—
—
;
:
;
1802 08. .$665,449
1901-02.. 378,055
$231,780
231,780
$81,056 $343,890 $8,728
None.
40,272
39,818
9,068 $57,117
New Ihrec^or.— Charles D. Alexander has been elected a
director, to succeed R. A. Regester.— V, 75, p. 340.
Chicago Car
& Locomotive
Yforka.— Successor Company.
—This company, recently incorporated with $100,000 author-
ized capital stock, has acquired the plant of the Pease Car
Locomotive Works at Hegewisch, III. (compare V. 76,
The
p. 755, 814), and placed the works in full operation.
capacity of the plant is beicg increased. L. H. Baldwin is
President »nd Treasurer and E. Qaidzik, Secretary. Office
609 Fisher Bailding, Cbiiago.
&
Citizens' Electric Co. of Pekin, III.—New Stock.— The
filed a certificate of increase of capital stock
from $50,000 to $200,000.
company has
Colorado Fuel & Iron Co.— .Annual Meeting —ThB notice
annual meeting, whioh is set for Aug. 19 in Denver,
of the
says
:
Dnrlncr the last year this company has found It necessary to raise
money from persona Interested as stockholders and directors by
;
;
being developed In advance of present demands.
Egyptian Portland Cement Co.— Completion of Plant.—
This company's large plant on Silver Lake, 2 miles from
Fenton, Mich., is about ready for operation. The President
See V.
is George A, Foster and Secretary C. B. Shotwell.
74,
p
530.
Electric Co. of America.— C/iange in Par Value.— The
shareholders will meet Oct. 16 to vote on a proposition to
increase the par value of the stock from $10 to $50 by exchanging each five of the present shares for one new share.
There will be no change in the total capital stock, only in
the number of shares and par value, The authorized issue is
$5,000,000; outstanding $t,078,780.— V. 76, p. 1190.
Oreat Western Cereal Co.— iViei* Stock,— The shareholders
will vote July 28 on a proposition to issue $500,000 of 8 p. c.
cumulative preferred stock, in order to pay floating debt
and to increase the working capital, in view of the probable
high price of corn and oats for the coming season. The new
stock is offered to present shareholders pro rata, and over
two-thirds of it is reported to have been subscribed. Out-
—
July
THE CHRONICLE.
25, 1903.]
standing stock April 30, 1903, $2,510,400, all common. Compare V. 76, p. 1353,
Hndson River (Bell) Telephone Co.—Neiu Stock.— The
shareholders will vote Jnlv 80 npon a proposition to increase
the capital stock from |4,O0O,0OO to |5,000,000 to provide for
199
equipped coal mines, prodncing about 3,000,000 tons annually. The
present earnings and tbe earnings of the constituent compaiiles previous to the merger were suftloient to pay all fixed ohargt<8, to pay satis-
factory dividends upon the capital stock and leave a ot)n»lrierablH curplus at the ond of eaoU year. The cars are repaired In Pf^nnsylvanla
RR. shops and are kept up to P. RR. standard In every respect. Compare V. 74, p. 530.
extensions and improvements whenever found expedient.—
V. 76, p. 105.
Illinois Brick Co.— Earnings.— For the half-year ended
June 80, 1908, the earnings available for dividends, it is
claimed, were, roughly. $150,000, being $40,000 in excess of the
same period in 1902.— V. 76, p. 215.
fiejstone Watch Case Co.— Diuidend Jncrea.scd.— The company has increased its semi-annual dividend from 3 to 3J^ p. c.
New Stock.— The shareholders will vote Sept. 29 on a proposed increase of the capital stock from $4,400, 000 to $8,500,The general office of the company is at 19th and Brown
000.
Charles M. Fogg is Secretary. All of
streets, Philadelphia.
will
and $4,000,000 of it will be
stock
be
common
the
new
Telegraph
CMcago.—
Ordinance
Co.,
&
Telephone
Illinois
Passed.— The Chicago City Council on July 16, by a vote of issued for the purpose, it is stated, of retiring all the out50 to 14, passed the amendatory ordinance giving this com- standing trust certificates to pay off loans and Increase workpacy the right to construct and operate untU Feb. 19, 1929, ing capital; $100,000 stock will remain in the treasury. There
not only wires and electrical conductors as in the original is now outstanding $4,400,000 share capital, of which $2,200,ordinance of Feb. 20, 1899, but also "any appliance or ap- 000 is 5 p. c. non cumulative preferred. The earnings are
paratus for the transmission and transportation of news- said to be equal to about 10 p. c. on the increased capital
papers,
mail matter, packages, parcels or merchandise."
The "Chicago Record" says:
stock.— V.
The grant will expire Feb. 19, 1929, and on that date all the tunnels
and oondulta are to become the absolute property of the city, free
from llenB nod Inoumbrances. The olty is given the right to use the
oondulte without charge for telegraph, eleotrlo-Ught and telephone
wlree. The olty holds the right to Insist npon rea«onable regulations
tn respect to rait b; also to terminate the franchise in tweuty years,
provided twelve months' notice is given, and purchase the property
and operate It. Oompensatlun to the olty for these privileges will be:
change has
first ten years. 5 per cent; for the seijond ten yeats, 8 percent;
balance of the t«rm, 12 per cent of the gross receipts.
The company is also compelled to have In operation 50 miles of tann«lB In ten years, and must have facilities to operate tele phoies for
20,000 subscribers within flvo years or forfeit all its franchise rights.
A fund of $100,000 Is to be tiled with the city clerk to Indemnify the
For the
(or the
olty against any loss, damages or judgments for
result from the construction of the coudults.
may
any
liability
which
President Wheeler states that tbe company, which has
about 20 miles of tunnels under the down-town district, plans
not only to establish a large telephone exchange, but "to get
the parcel freight traffic" of the city and to remove "the congestion from the down-town streets. For this latter purpose
the project is said to include tunnels for small electric freight
cars to connect the freight terminals of the city with the
warehouses, shops, etc. An expenditure of $15,000,000 is
contemplated, and to this end a reorganization of the Telephone & Telegraph Company with greatly increased capital
is proposed, its securities to be marketed by Russell & Co.
V. 78, p. 394.
International
Mercantile Marine Co.—Subsidies.-The
announced its intention to give
British Admiralty recently
on April 1, 19Q4, the one-year notice necessary for the withdrawal of all subsidies in 1905. This will cut off the sum
paid annually to the White Star Line (whose stock is owned
by the International Mercantile Marine Co.) for the right to
use as armored cruisers the Oceanic, Majestic and Teutonic.
The annual loss to the company, it is stated, will amount to
only 140,000 or $50,000. It is intimated that the Admiralty
does not intend entirely to abandon the payment of subsidies, and it is surmised that the intention may be to continue
in some form a part of the £28,000 now paid antiually to the
Cunard SS. Co. See that company above.— V. 77, p. 92.
(Frank) Jones Brewing Co.—Propo«t«on.— For the year
ended Feb. k8, 1908, the gross receipts were, it is said, $462,755,
against $314,310 in the previous year; net, $372,980, against
1220,130. An English journal says:
The profits for the year to Feb. 28th last are snfflolent, after paying
the fall dividend of 7^ per cent on the preference shares, to pay the
arrears of dividend accrued on the preference shares, amoonttng to
il6,000, but the directors, having regard to the requirements of the
company, are not preparwa to recommend the distribution of the full
amount, and they offer certain proposals for the consideration of the
shareholders. These if adopted will In three years' time give the company the benefit of additional working capital amounting to £^6,000,
and help to make a farther Improvement In the business. Amongst
other suggestions It is proposed that of the arrears accrued on the
preference shares, which amount to £16,000 (or 4 percent on the
£100,000 preference share capital), the preference shareholders shall
agree to waive one-half, viz
£8,000, on the condition that Ibat
amount shall be applied as tbe nucleus of a special reserve account
for the purposes above mentioned.
If the plan goes through there will be paid on the preferred
shares out of the unwaived portion of eaid arrears 1 per cent
(£4,000) in addition to the current dividend, in respect of the
year ended Feb. 28, 1903, the remaining 1 per cent to be paid
in respect of the jear ending Feb, 28, 1904, or as soon thereafter as the profits allow.— V. 69, p. 227.
,
Kejstone Coal & Coke Co.— Car Trusts Offered.— B.emy &
West, Philadelphia, are offering, at prices to net i% p. c. on
the investment, $150,000 (unsold balance of $500,000) 4 p. c.
coupon gold car truat certificates; interest payable April 15
and Oct. 15 at the office of the Girard Trust Co., Pailadelphia, trustee.
These certificates are free of tax in Pennsylvania; they are dated Oct. 15, 1902, and mature $50,000
yearly from Oct. 15, 1903, to Oot. 15, 1912. They are in
coupon form of $1,000 each, with the privilege of registration
aa to principal, and are issued to pay for 500 steel hopper
gondola cars, class "GL." Pennsylvania RR. standard, built
by the Pressed Steel Car Co. The above equipment cost
$607,500.
Robert K. Caesatt, Eastern Manager of the Keystone Coal
a letter says:
The Keystone Coal & Coke Oo. has been in business as an incorporated company since March 1, 1902, being amerger of eight coal com?ianles then operating separately but controlled by the same interests.
& Coke Co., in
thasout8tan1ing$aco,O0Oof 5p.
c.
and6p. c.bonda, $500,000
car
trust oertflcates and $2,600,000 stock. It owns about 10,000 acres
01 coal lands in Westmoreland County and operates thirteen fully
76, p. 1251.
Lackawanna
Steel
Co.— Listed.—The
New York
Stock Ex-
listed $804,000 additional first mortgage 5 per cent
convertible bonds of 1923, making the total amount listed to
date $4,2O2,CO0.-See V. 77, p. 84.
MassachnsettsGas Companies, Boston.— Status.— It being
midsummer and the gas consumption relatively light, the
company is able to supply the greater part of the gas consumed in Boston from the bi-product plant at Everett, only
p. o ) being obtained from a
water-gas plant. Touching this point and the position of
the four Addicka companies pending the Bay State Gas Co.
litigation, the "Boston News Bureau" says:
The Ma.ctaaohusetts Gas Companies Is now supplying most of tbe
gas consumed in the city of Boston from the Everett plant, where it Is
operating SCO ovens, turning out about 7,000,000 feet per day, as
compared with a normal Boston consumption of about 12,000,000
a small portion (perhaps 20
cubic feet dally during the winter months. This Is considered very
satisfactory, as the ettioienoy of the Everett plant has oeen materially
increased under the now management. The 300 ovens In operation
are turniog out about 1,100 tons of coke per day, for which there 1b
a satlslaotory demand at profitable prices.
The consumption of 7,000,000 feet of gas per day during the mid-
summer months
Is
abnormally large;
in fact,
June consumption was
excess of the same month last year. There Is a considerable Increase In gas coneumptton for fuel purposes. Tbe management
is preparing for the building of 200 additional ovens at Everett,
which will increase the plant capacity 50 p. c, but It will take about
18 months to Install them.
The net earnings of tbe four "Addlcks" companies have been
applied largely to the payment of their floating debts, aggregating
These have all been taken
between $800,000 and $1,000,000.
care of and the companies are now ready to declare dividends to the
MassachaeettB Gas Companies. Such dividends would undoubtedly
have been declared last week were It not for an agreement between
counsel for the Massachusetts Gas Companies and the coinsel for
Receiver Pepper of the Bay State Gas d). of Delaware Rather than
have the companies tied up by court Inj unction, an agreement was made
between counsel, whereby pending the adjudication of the Whipple
suit (to recover any equities In the Bay State Gas properties for the
benefit of the Bay State incomes), no dividends will be paid by the
four gas companies or any attempt made to take advantage of the
Boston gas consolidation bill.
The unfavorable feature of this situation to the Massachusetts Gas
Companies is that the Bay State Gas litigation may be drawn out for a
year or so. In the meantime the earnings of the Addlcks companies
will be aocumulaticg and the position of the companies strengtbened.
The companies are even now preparing for the extension of their
15
p. 0. In
business.
la the meantime it is stated that the New England Gas &
Coke Co. and the Brookline, Dorchester and Jamaica Plain
companies alone are earning at the rate of almost $1,000,000
net a year.
Reorganization of Bay State Gas Co.— See that company
above.— V. 77, p. 89.
Monterey (Mex.) Iron & Steel Co.— In Opcroifon.- President Ferrara was recently quoted as saying
:
in operation for the past 20 days, and Is turning
out 350 tons of steel dally. At present we are only turning out ptruotural beams and pig iron. The latter is being shipped to the United
States In large quantities.
have many orders ; in fact enough to
The plant has been
We
keep the plant busy for six months. By July 15 we expect to begin
turning out steel rails, which will be used by the various railroads of
the republic, and possibly in the United States.
Contracts are said to have been closed for 6,000 tons of
An
steel beams for delivery in December of this year.
assessment of $5 per share was recently made upon tbe $100
shares of the capital stock, on which $95 per share is now
paid in, including the last call. V. 75, p. 1403.
—
National Asphalt Co.—Sttii.- Receiver Tatnall on July
21 brought suit in Philadelphia in the United States Circuit
Court and in the Common Pleas Court against the following
persons, living in that jurisdiction, to recover profits alleged
to have been made by them in the organization of the Asphalt
Co. of America and in the National Asphalt Co., viz.:
Wllllara J. Latta, Sidney F. Tyler, George D. Widener, George W.
Elkins, William L. Elklns and E. Burgess Warren.
Judge Kirkpatrick, in the United States Circuit Court at
Trenton, N. J., on July 20, authorized the bringing of suits
such as the foregoing In any district of the United States or
in the District of Columbia. This, it is supposed, marks the
begining of a long litigation,—V. 77, p, 92.
New England Electric Yehicle Transportation Co.— Final
Distribution.-The trustees in dissolution are paying a third
and final dividend of 26 cents per share at the Old Colony
Trust Co. in Boston or the Manhattan Trust Co., New York.
This makes the total amount paid in liquidation $3 76 per
share. The trustees in dissolution are Francis R. Hart,
James E, Hays and Charles L. Edgar.—V. 75, p. 552.
InTeatment News Conclnded on Paite 209.
)
THE CHKONICLE.
200
New York and
We
Jane
Trust Companies.
Brooklyn
give below the reports of the trust companies in ISTew
30, 1903,
compared with Dacember
be found in the Chronicle of February
31, 1902,
7,
and Jane
York and Brooklyn
30, 1902.
for the six
months ending
Raports for preceding periods will
1903, and July 26, 1902.
Bankers' Trust Company (New York).
Brooklyn Trust Company (Brooklyn).
Resources.
Resources.
June
30,'03.
$2,211,864
3,25b,6<2
Stock invest's (market value)
Amouui loaned on collaterals
Aiut loaned OQ personal eecaritles
716,h9ti
Caebonhand
501.r07
5>3.8o5
27.842
Oash on deposit
Otiier assets
.....
$7,258,526
Total
June30:'Q3. Dee. 31, '02. JuneSO.'Ot.
$327,500
$.533,800
$60,750
Bonds and mortgages
Stock Invest's (market value)..
Amount loaned on collaterals.
Am't loaned on pers'lseonrlt's.
6,177,705
6,677,491
6,l*'6,o43
700,«'»2
Cashon deposit
1,130,844
125,237
Otherassets
6,143,318
7,193,290
1,126,355
185,167
118,187
1,790,831
195,607
7,117,870
514,H20
150,004
8H.841
2,165,783
226,346
866,880
143,921
Real estate (e-stimated value)..
Cash on hand
LiabUilies.
$16,150,560 $16,961,007 $16,813,805
Total
$1,000,000
Capital stock
Surplus fund
Liabilities.
50i',o00
2,8Sl
4,114,495
747,16*
Undivided proflts
General dep'ts. pay. on dem'd
Due tru.st companies
Due cavinars hanks
Due banks und bankers
Other liabilities
2j6,6.°'0
079,866
7,500
$1,000,000
1,8-6,388
Capital stock
$1,000,000
1,342,786
oon finA
-n
ii.H»".JWO
$1,000,000
1,847,221
781,521
lonoiaoo
l»,09l,H88
860,712
92,875
$16,180,580 $16,961,007
$16,813,505
Undivided proflts
1, 877.2. i9
814,3:i2
Deposits in trust
General deposits pay. on dem. 11,719, i9-«)
Due savinws banks
620,124^
,
other liabilities
$7,2S8.526
Total
llu,508
Total
Supplementary.
Supplementary.
Total amount of profits during year
Interest credited depositors same period
Expenses of institution, same period
Amount of dep sits on which interest Is allowed
I$59,839
120,008
t!'0,979
5,577,801
Bate of interest
:
LXXVIL
[Vol.
..2 to
3ifl
p. c.
Tot.am't of proflts during year.
Int.credlteddepos'ssameper'd
Exp.of institution, same per'd.
*$39e,268
*153,843
*55,728
*-0,000
Am't of divs.decl'd, same per'd
Amt.of dep.on whiohint.is aU'd 12,833,153
2to3iap.o.
Rate of interest
'$354,530
*147,724
*46,109
*80,000
13,647,151
$741,037
307,921
92.800
160,000
13,563,484
2 to 4 p. o.
2to3p.c.
For three months ending June 30.
Bowling
(iJreeii
Central Realty Bond
Trust Company (New York).
June30,'03. Dee. 31, '02. 7une
Stock Invest'ts (market value). $8,1 88,«08
$5,702,229
$6,376,340
Amount loaned on collaterals. 6,852,772
7,807,395
10,773,298
4^,5i4
Amount loaned on per'l secur..
29,194
94,697
Due from banks
514,211
696.526
Caahonhand
244,850
2l6,524
42,260
Cash on deposit
2,317,162
2,053.037
2,311, *70
Otherassets
55,934
99,674
634,014
'02.
Jun« SO, '02.
$4,718,834
Stock inv'stm'ts(market value) 3,7«3.P3l
Amount loaned on collaterals. 10.656,090
Real estate (estimated value)
51.346
Cashon hand
1,914,634
Cash on deposit
Otherassets
...
138,469
$3,236,404
3.263,767
12,097,550
291,653
$2,728,142
2,645,602
3,941,454
699,910
31,669
1,730,445
60,226
$21,243,304
$22,199,067
$11,837,448
$2,000,000
$2,000,000
6,50u,000
6,500,000
-..
2,3.8,970
Undivided proflts
2,342,202
181,474
Deposits in trust
447,372
Oen'l deposits payable on dem. 10,257.050 )
105,6«3S 11,708,870
Due trust companies
746,391)
Due banks and bankers
110,504
213,855
Other liabilities
1,000,000
800,000
1,522,238
24,793
June 30,'03. Dee. 31,
30. '02.
$16,203,031
$16,909,332 $19,973,646
Bonds and mortgages
Total
Capital stock
$2.500,0n0
2,500,000
477,586
$2,500,000
2,500.000
246,961
Deposits in trust
General deposits, pay. on dem.
Dae trust com panios
Due savings banks
Due banks and bankers
12,915
4,896,859
1,051,115
936,lol
2,781.117
427,963
Other liablliUes
Total
$2,500,000
2,500,000
425,803
48,100
6,953
7,027
5,373,3S41
2,2*^2,944
668,495
^AAoaaRA
i*>'»^».*>«>4
'
49,550
63,126
$16,909,332
$19,973,646
Supplementary.
of interest
*$286,032
*138,574
*46,421
10,640,700
13,793,883
2 to 3 p. o.
*i3-*,558
*53,853
*75,000
9,758,529
Am'tofdep.onwhlchint.isall'd
Average rate
852,392
291,9^7
99,442
*$338,975
1 to 3^2 p.
2to3>sp.
o.
Capital stock
Surplus fund
o.
TotaL
Supplementary.
Total am't proflts during year. '$461,927
•153,112
Int. credited depos. same per'd
*4fi,583
Exp. of institution, same per'd
"200,000
Amt. of divs. decl'd same per'd
Amt. depos. on wh. int. is all'd. 11,133,693
2to4p.o.
Rate of interest
Bonds and mortgages
30, '02.
$98,000
92^,282
$64,165
849,588
1,19^,408
860,208
5,000
68,395
536,815
45,638
1,332,200
627,7^8
5,000
46,615
569,«64
33,595
1,012,062
$3,810,890
$3,634,868
$3,263,532
Cash on hand
Cash on deposit.
Otherassets
Total
June
9»4,t.76
.
628,895
5.000
38,550
639,032
26,240
31, '02.
June 30,'02'
342.004
98a,717
14,740
3,444,700
835,673
$164,662
19,570,142
36,»55,177
869,838
982,022
43,296
3,758,273
1,055,040
$58,843,175 $56,425,268
$62,898,450
Bonds and mortgages
$278,062
Stock invest's (book value) .... 19,111,527
Amount loaned on collaterals. 32,542,780
Am'tloanedon pers'lsecurlt'B.
314, 70
981,462
Real estate (estimated value)
34,207
Cash on hand
1
Cashon deposit
5,160,441
420,526
Other assets
Total
Liabilities.
$1,000,000
13,06^,373
3,821,318
on dem'd. 39,116,122
783.999
Due trust companies
•
292,615
Due savings banks
326.^67
Due bank« and bankers
435,386
other liabilities
Undivided
$700,000
$700,000
350,000
28,145
3.'')0,000
Undivided proflts
Oeneral deposits pay. on dem.
Due savings banks
Doe banks and bankers
Other liabilities
50.< 12
2,590,371
lO,O0[
f<7,7t4
$700,000
350,000
4,2d9
2,544,204
2,178,466
12,519
30,777
)
22,790
proflts
Deposits in trust
C4eneral dop'ts. pay.
Total
Total
$?,810,390
$3,631,868
20,965,471
28,«16,926
. .
Capital stock
Liabilities.
Capital stock
Surplus fund
8.750,698
2to4p.c.
$225,037
June 30,'03. Dee.
$106,750
(market value)
Amount loaned on collaterals.
Amt. loaned on pers'l securities
Real estate (estimated value)..
in vest's
'?60,000
11.889,685
2to46ioP.o.
Resources.
Resources.
Stock
'538,978
'120,888
'38,168
$1,842,018
2H4,373
82,1^2
Company (New York).
Broadway Trust Company (New York).
30, '03. Dec. 31, '02.
8,948
$21,243,304 $22,199,067 $11,837,448
Central Trust
June
8,781,474
f
3,050,;i46J
$16,503,031
Tot. am't proflts daring year..
Int. credited dei»'8, same per'd.
Exp. oflnsiltufn, same peiM.
Am't of (liv.fleci'd Hume per'd
69,718
3,239.073
Liabilities.
Liixbilities.
Surplustund
Protlt and loss
Undivided proflts
Trust Co. (New York).
Resources.
Resources.
Total
&
$53,843,175
$1,000,000
13,176,887
3,224.440
36.4b2.2l6)
1,060 628
64.130/
50,775/
386,192
(
$1,000,00«
12,«03,722
3,510,278
jc^
-,090^9
*'*'^'*^'''**
460,607
$55,i25,268
$62,898,450
$3,392,748
1,19^,310
244,200
'$1,649,204
•599,919
60i',000
'300,000
40,314,154
$3,263,532
Supplementary,
Sup2)lementary.
Total amt. proflts daring year.
*$72,477
'23.574
*21,583
same per'd
Exp of Ini-tltution. same period
Int. cre.lltfd (IfpoB.
$101,539
26,657
30 74''
Amt.ofdep.on which int.isaird 2,68-',030
2,463,174
Bate of interest
2to4p.c. 2to3<ap. o.
*
For the six months only, Jan.
1
to
Jane
30.
f
May
t$27,540
14,641
'8,874
2,131,112
2 to 3 p. c.
5 to July
1.
Total am't proflts during year. *$1. 519,079
*531,625
Int. credited dep's same per'd.
'131, «27
Exp. of instltufn, samc! per'd.
per'd.
'500,000
ABi'tofdlvs. decl'd. same
Amt.of dep on whichlnt.lB all'd 39,l68,Otj5
1 to 3 p. 0.
Rate of interest
*
For the six months only, Jan.
1 to
June
36.749,673
1 to 3 p. c.
30.
*H8,733
(lto3p.o.)
..
July
THE CHHONICLE.
S5, 1903.J
Company (New York).
Citj Trust
Resources.
June 30, '03.
$'54,882
SA'^oi
5"> -^
141,415
51,816
3.104.101
87,191
$16,092,175
$16,490,151
$21,259,038
2,325,784
Stock Investm's (book valiif*)..
Amount loaned ou collaterals. 11,125,659
120,563
Am't loaned on pers'l seourit's.
Cash on hand
Cash CD deposit.
Other assets
11,025,V!62
f2?'ilJ,^
'
'
Rtsoureet.
30, '02.
$634, 0i7
2,883,272
14,471,472
171,246
28.671
2,982,174
88,173
Bonds and mortgages
Total.
Empire State Trust Company (New York).
Dm. 31/02. June
$701,165
2,244,570
201
June
Surplus fund
UntUvided
$1,000,000
l,0t 0,000
666,7 8
846,713
12.082 8661
320,124
$1,000,000
1,000,000
C90.7r)0
proflts
530.774
Deposits Intrust
Oen'l depoelts iiay'ble on dem. 11,986,2'J9
52,S'85
Due trust companies
Due savings bauks
Due b;inBs and banKers
I
37,206
135,242
650,989
Other llablllUes
9i.>,610
Total
$16,092,175
Total
Due trust companies
Due banks and bankers.
$16,490,451
$21,259,038
Sfupfylemenlarti.
•$379,048
$824,781
201,9^2
398 852
•51,732
102.127
* 40,000
HO.OOO
12,606,248
17,759,3^:0
2 to 4 p. o. 2 to S^a p. C.
*$335,085
*1H4,023
'54,6B5
Kip. of institution same per'd.
40,000
Amt.ofdlvs.dopl'dsameper'd.
Amt.ofdep.onwbiohlnt.lsaird 12.072,438
2to4p.o.
Rate of Interest
Total am't profits during year
Int. credited dep's same per'd.
Colonial Trust
Company (New
Jtetourees.
J««e30. '03
York).
Bonds and mortgages
$19,700
$18,000
2.211,337
15,595,29S
12.627.232
2,182,256
133.017
114,585
3,678,321
103,869
$22,929,381
$21,169,102
.
Total
Undivided
profits
$1,000,000
500.000
963,315
345,' 9 3
l,950,4ft9
133,017
95,379
3,583.471
154,510
$1,000,000
500,000
$1,000,000
500,000
8'?9,-?88
807,10ij
117,355
21,139,022
$22,929,381 $21,169,102 $23,741,471
Supplementary.
•$478,804
Tot. am't of profits during year $*488.o86
$1,006,354
•230.509
*268,163
Int. credited dep's. same per'd
552.98
•67.860
Bxp. of institut'n, same per'd.
*T9,035
142 360
50,000
Amt. of divs.deol'd same per'd.
*50,000
100,000
Am'tofdep.onwhiohlnt.lsall'd 18,918,244
17,480.812
20,791,767
Kate of Interest
2 to 4 p. o.
2 to 4 p. O.
2 to 4 p. 0.
1!
same period,
Expenses of institution during same period..
Amount of dividends declarert same period..
Amt. of deposits on which int'st is allowed..
Total
2,025,486
192,791
$17,353,759
$20,850,624
737,720
103,500
25.942
$13,398,815
Resources.
June 30. '03
Bonds and mortgages
$1,000,000
3,000.000
144,670
1,312,244
10,427,4841
891.873
$1,000,000
Surplus fund
3,000,000
Undivided profits
279,008
Deposits in trust
1,406.016
General dep'ts, pay. on dem'd. 11,302,850
Due trust companies
741,238
Due savings banks
71,422
Due banks and bankers
582, h98
Other liabilities
15,888
.
I
5'40"657
$1,000,000
2,250,000
703,607
1,480.300
15,400,883
$1,256,500
1,587.743
Suxyplementary.
Tot-am'tof profits during year. *$511,652
$770,162
Int. credited dep's same per'd..
*180,466
334.071
Bxp. of institution, same per'd.
•67,639
79,414
6f>.<'00
Amt.dlvid'dsdecrd. same per'd
*30,000
Amt.ofdep.onwhlohint.i8aU'd 12,960,782
12,266.384
Rate of interest
1 to 4 p. o. lto3>flp.c.
•$356,675
•157.746
39,856
•30.000
14,770,584
1 to 3i« p.
0.
Dec. 31. '02.
$1,003,131
1,833,176
Other assets
$1 056.068
2,714 589
3,652
109,266
l62,5-3
35,144
Total
$4,111,302
$3,381,198
$1,000,000
950.000
1,929
370.983
1,610,388
109,551
25 270
91333
33,348
$1,000,000
950,000
21,234
12,588
1,276,571
96,113
$4,111,302
$3,381,198
*$67.689
*i2,5-0
$39,455
,
Undivided profits
on demand
Due savings banks
Due banks and bankers
Other liaDUities
30. '07.
$403,250
753,593
$1,000,000
500,000
119.435
407,347
10,907,683
2,300.000
187,904
$1,000,000
500.000
8.894
$15,422,419
$7,657,734
$457,804
194.519
67,956
60,000
•$160,611
•76,065
•38,306
•30.000
87.3<12
8 ^092
Capital stook
$3,000,000
Surplus fund
8,500,000
Unaivided profits
272,^55
Deposits in trust
8,275,065
(Jen'l depits. pay'leon dem'nd 18,106,503
6'<3,616
Due trnst oo.'s & sav'gs banks.
Other liablUtles
389,722
.$39,227,461
Supplementary.
during year. *$699,326
"253,520
Int. credited dep'rs same per'd.
Exp. of institution, same per'd.
*63,042
•120,000
Amt. of divt*. decl'd, same per'd
Amtof dep.OG wh'h int. is all'd. 26,969,879
13,208.030
to3»«%
1^9 to 3 p. o.
Tot.
amt of
profits
Bate ot interest
l»fl
&
6,024,987
123,853
6001,422
mto 3 p. 0.
Trust Co. (New York).
Resources.
June
30, '03.
Bonds and mortgages
$1,101,000
Stock invest, (market value)... 15,523,380
Amount loaned on collaterals . 32,610,335
Amt. loaned ^n pers'l seour't's 1,595,130
Real estate (estimated value)..
1,466,328
Cash on hand
5,755
Oash on deposit
5,583,406
Other assets
742,276
Total.
..$58,627,610
June 30,'02.
Dec. 31, '02.
$1.63b',000
14.453,277
32,151,521
$1,115,500
18,683,411
37,918,687
1,016,746
3,850
3,629.197
910,227
1,016,983
4,219
6,829,366
1,119,297
$53,830,818
$66,687,463
Liabilities.
Capital stook
$1,000,000
7,022,675
45,861,937
2,311,455
1,978,155
155,752
297,736
Undivided profits
Deposits In trust
Due trust companies
Due savings banks.
Duebanksand bankers
$1,000,000
7,007,480
41,294,8981
2,<'66,47l
2,111,656
133,780
226,533
$58,627,610
Su])plementary.
Tot.am't of profits during year, *$1.292.836
'673.658
Int. credited dep's. same per'd.
f
$1,000,000
6,813,762
58,587,632
f
J
286,069
Exp. of Institution, same per'd.
Amt. of divs.decl'd same per'd.
* 102,811
•200.000
Amt.ofdep.,onwhichint.isaU'd 46,199,267
Bate of interest
1 to
3^
p. o.
$53,630,818
$66,687,463
$3,034,193
1,484,985
189,429
400,000
42,286,510
1 to 4 p. o.
•$1,480,736
•777,577
"95,043
•200,000
54,999,441
1 to 3 p. 0.
Arenne Trust Company (New York).
146,178
3.54.392
44,321
June 30,
'03.
Dee. 31, '02.
$419,000
$435,000
$140,000
Stock Investmts. (market val.)
Amount loaned on collaterals.
4,060,995
9,376,150
Amt.loaned on pers'l
Cash on hand
Cash on deposit
190,850
100,952
1,900,840
170,769
3,82^,894
9,580,530
143,050
97,770
1,340,763
173.186
4.2-0,898
10,137,405
241.563
75,088
1,004,209
143,606
$16,208,556
$15,597,193
$15,992,771
$1.''00,000
$1,000,000
1,000,000
206,308
Bonds and mortgages
seourit's.
Total
Capital stock
$1,000,000
Surplus fund
1,000.000
Undivided profits
287,436
Deposits in trust
26.443
Oen'l dep'lts pay'le on dem'nd. 13,737.443
Due savings banks
133,2^4
Other liabilities
24,000
1,000,000
28 '.436
19,577 5
13,163,314 5
96,'- 97 5
40,569
37,401
1,804,078
lto4p.
For the six months only, Jan. 1 to June 30.
o.
13,786,468
24,692
Supplementary.
amount of profits during the year
uiterest credited depositors same period ...
Kxpenses of institution during same period.
Amount of deposits on which int. is allowed.
/Mne30,'03.
Liabilities.
$16,208,556 $15,597,193
Supplementary.
Tot.amt.of profits during year. *$273,&3(»
$764,629
290,578
Int. credited dep'rs, same per'd
*161,395
40 134
Exp. of institution, same per'd
74,216
*60,000
170,000
Amt. of dlvs. decl'd same per'd.
13,031,189
Am't of dep. on wh. Int. is aU'd. 13,636, 1 17
Rate of interest
2 to 3 p. 0.
2 to 3 p. o.
Total
Total
*
$403,250
$7,657,734
Lidbilitxei.
Capital stock
Surplus fund
Kate o f Interest
June
Dee. 31, '02.
$15,422,419
Other assets
,
Co.) (N, Y.)
Liabilities.
Firtli
'03.
_
.
Total
& Loan
o.
Resources.
June 30,
De.iositsin trust
Oeneral deposits payable
Due trust companies
2 to 4 p.
$39,227,461
Total.
RcMourtes.
Oash on hand
Oasli on deposit
982.934
974,175
112.310
Eastern Trust Company (New York).
Stuck investments (market value)
Amount loaned on collaterals
Amount loaned on personal securities
1,835.214
2 to 4 p. c.
15,834
$17,353,759 $20,850,624
$18,398,815
$40,695
10,393
20,161
5,745,862
110.682
2,004
585,946
56,417
Total.
Total
'$50,966
^19,164
*20,265
1.004,880
12,858,410
Other liabilities
J
36.831
$2,138,043
Stock Investments
Amount loaned on collaterals. 33,236,'240
Aintloanedon pers'l securities
31,984
Oash on hand
92,010
Oash on deposit
2,652,242
Other assets
370,742
Liabilities.
Capital stook
$3,144,070
7,285
None
Kate of interest
Farmers' Loan
2,406.-65
14,896,705
519,488
103.500
13,653
2,302.112
96,801
3,07".027
10,667,293
24.^,077
iQt'st credited dt^posliorsdur'g
York).
J«ue30.'03 Du. 31, '02. June 30. '02.
$511,500
$537,000
$531,000
Stook Invesfs (market value).
3,570,469
Amount loaned on collaterals. 10,865,079
Amt. loaned on pers'l securit's.
748,936
Seal estat«i (estimated value).
103,500
Cash on hand
543,130
Cash on deposit.
1,868,737
Other assets
161,964
125,135
9,785
Supplementary.
Total amount of profits during the year
Resources.
Bonds and mortgages
872,830
.
liabilities
Total
Company (New
12,851
177,988
Total
Continental Trnst
13.881
5.746
,937,268
Total
$23,741,471
90,943
15.661.953]
1,582,003
685,266
643,420 J
180,774
Deposits in trust
Oeneral deposits pay. on dem. 16,018. 9h7
2.737.198
Dae trust companies
648," 90
Due savings bauks
Due banks and bankers
576,788
Other Uabilittes
139,208
$5ro,000
500,000
500,000
52, .55
Liabilities.
Capital stook
Surplus fund
$.=)00.000
Equitable (formerly American Deposit
2,3 0,122
$49,700
Stook investments (ra'k'tval.) 2,413,876
Amount loaned on collaterals. 15,009,546
Am't loaned on pers'l stourlt's 1,272,138
122,500
ReAl estate (estimated value)
1,073,115
Oaahon hand
2,873,700
Oasta on deposit
114,806
Other assets.
Other
June 30, '02.
Dee. 31, '02.
$2,138,043
Lialtilities.
17,552,251
659,284
$3,144,070
1,745,868
on hand
Cash on deposit
Other assets
Capital stock
Surplus fund.
Undivided profits.
Deposits in trust
General deposits payable on demand.
184,706 J
2S<?,714
345.796
37,498
298,581
121,430
»15,15S
755,601
858.113
274.510
9.361
182,430
42,875
('ash
$1,000,000
1,000.000
544,730
602.773
I
Dee. 31, '02.
Stook Investmen s (market value)
Amount loaned on oallaterals
Amount loaned ou personal securities
LinbiUites.
Capital stock
30, '03.
$15,153
579, "44
Bonds and mortgages
1,463
35,912
1,377,553
2to3i«p.
o.
*
For the six months only, Jan.
1 to
June 30.
$16,992,771
•$366,336
•133,510
•36,181
•60.000
13,666,463
2 to 3 P.O.
.
THE OKAONICLE.
202
Flatbnsb Trnst Company (Brooklyn).
Resources.
June30.'03*.
$302,'jOO
Bonds and mortgages
Stock tnv'stm'is (booi value)..
198,420
Amount loaned on ooUaterals.
858,301
Amt. loaned on
Real estate (estimated value).
Resources.
$319,600
320.826
612,940
49,372
7,821
28,493
118,951
$309,050
178,300
828.785
60,470
13,013
$1,724,515
$1,556,978
$1,474,207
$200,000
100,000
40,116
$200,000
100,000
35,455
$200,000
100,000
31,178
1,235.223
130,000
19,176
1,060.123
150,000
11,400
l.'iS.SlZ
Other assets.
Total
30,'02.
7,821
33,254
129,150
10,148
Oaah on hand
Cash on deposit
16,215
June 30,
Bonds and mortgages
Sarphis fund...
Undivided profits
Gen'l deposits payable on dem.
Duesavuigs banks
Other
liabilities.
$1,724,515
Supplementary.
*$38,563
Totatut. of protltsidnrini? year.
'14,627
Int. crellted depos same per'd
'9,935
Exp. of Institution same per'd.
'6,000
same
per'd
Amt. of dlvs. deol'd,
Amt. of dep. on wh. int. Is all'd. 1,365,223
Bate of Interest
2 to 3^ p. o.
Total
)
1,131,765
11,264
J
$1,556,978
$1,474,207
$68,346
*$31,946
23,661
17,929
11,000
1,210,123
2 to 4 p. o.
*11,301
*9,279
5.000
1,131,765
2 to 3 p. C.
Franklin Trnst Company (Brooklyn).
liesources.
June 30. '03.
Dec. 31, '02.
$602,850
$518,100
$480,350
4,881,814
1,812,279
876,296
450.000
467,694
1,050,404
58,614
4,881,303
2,293,954
1,239,847
4,505,576
3,070,971
1,156.462
450,000
76,104
1,119,726
97,492
450,000
101,220
844,973
52,910
$10,199,951
$10,676,531
$10,662,462
Bonds and mortgages
Stock invest's (market value)..
Amount loaned on collaterals.
Am't loaned on pers'l securities
Real estate (estimated value)
Cash on hand
.
Cash on deposit
Other assets
Total
.,
June
$1,000,000
1,000,000
Undivided profits.
531,434
Deposits in trust
254,935
General deposits, pay. on dem, 6,193,141
121,814
Dae trust companies
98a,810
Due savings banks
114,817
Other liabilities
$1,000,000
1,000,000
514,394
289,484
6,661.308;
1.752
1,102,586!
107,007
Surplus fund
7,914,085
411,600
29,779
293,816
596,727
74,024
1,378,482
4,566,548
197,375
31,496
48,902
620,842
174,558
1.371,735
4,568,102
298,703
$7,824,058
$7,622,928
$7,661,481
$500,000
500,000
394,958
109,329
Surplus fund
Undivided profits
Deposits in trust
Geueraldeposits, pay. ou dem.
Due savings banks
Other
5,476,931
768,958
73,882
liabilities
Total
$7,824,058
Supplemental^.
Totam't of profits during year. $'185,545
Int. credited dep's,
Exp. of Instltut'n,
same per'd.
same per'd.
Am'tof divs. deord,8amev)er'd.
Am'tofdep.on which int. is all'd
Rate of interest
2 to 4
p. o.
Bonds and mortgages
Resources.
June 30, '03.
Bonds and mortgages
Stock invesim'ts market value
Amount loaned on collaterals.
$7,661,481
$395,152
152,413
56,080
40,000
*$2 10,09*
•68,891
*27,201
•20,000
6,090,700
2 to 4p.e.
6,004,721
2 to 4 p.
o.
Real estate (estimated value).
Cash on hand
,
$5,867
430,500
30, '02.
305
326
4,801
3,525
15,100
def.250,712
$11,734
611,016
111,167
228,675
248
9,532
37,101
$752,724
$1,003,742
$1,009,473
$500,000
41,531
138,329
323,882
$500,000
21,745
36,046
123,906
327,776
$1,003,743
$1,009,473
$46,638
3,718
34,445
99,591
*$9,588
*1,899
*16,368
98,800
2 to 3 p. c.
Cash on deposit
Other assets
Total
June
Dec. 31 '02.
-95,707
155,530
Liabiltlies.
Capital stock
Surplus fund
Deposits in trust
Gen'l dep. payable on
Other llabiUties
$500,000
10,938
demand
241,786
$752,724
Supplementary.
Toti,amt.of profits during year.
*$9,848
Int. credited dep'8, same per'd
*643
Expens. of InBtlt'n, same per'd
*24,218
Amt. of dep. on wh. int. alio w'd
None.
Rate of interest
2 to 3 p.
c.
Kings County Trnst Company (Brooklyn).
JiCS0ttt*CC8
June
$28,000
.
6,094,236
96.66»
$7,622,928
$53,807
486,050
96,508
107,728
June
30, '02.
$69,000
11,431,188
17,237,142
1,084,834
154,128
36,278
4,755,070
2,662,532
158,273 I
.
$500,000
500,00*
373,932
96,644
Holland Trnst Company (New York).
Guaranty Trust Company (New York).
Stock invest'ts (market value). $10,519,358
Amount loaned on collaterals. 29,418,776
A'm'tloanedon pers'n'l seo't's
997,933
Beal estate (estimated value) .
129,306
Cash on hand
48,846
Cash on deposit
5,701,291
Due from banks
2,447,626
Other assets
423,586
$500,000
500,000
425,430
116.940
5,196,300)
816,481^
67,777
'89,922
*26,989
•20.000
6.110,582
Total
$10,199,951 $10,676,531 $10,662,162
Supplementan/.
*$293,219
Tot.am't,of profits during year. *$263,544
$608,470
*101,018
*90,773
Int. credited dep'e, same per'd.
209,316
*40,007
*45,167
Exp. of Institution, same per'd.
79,207
*60,000
*60,000
Amt. of divs.decl'd. same per'd.
120,000
Amt.ofdep.onwhiohint.i8aU'd 7,357,727
7,943,797
8,054,584
2 to 4 p. o.
Bate of interest
2to4p.c.
2to4p.o.
Dec. 31, '02.
81,237
569,207
200,722
167,497
Total
Resources.
June 30, '03.
30, '02.
$0.21,775
1,470,665
4,383,944
Capital sfxick
30, '02.
$1,000,000
250,000
1,118,698
212,182
June
Liabilities.
Liabilities.
Capital stock
Dec. 31, '02.
$604,725
Cash on deposit
Other assets
Total
'03.
$563,600
Stock Invest's (market value)..
Amount loauod on collaterals.
Aui't loaned ou pers'l seourit's.
Real estate (estimated value)..
Cash on hand
Liabilities.
Capital stock
LXXVII.
Hamilton Trnst Company (Brooklyn)
June
Dec. 31, '02.
83,770
37,121
75.479
pers'l seourltles
[Vol.
12,268,518
24,434,835
457,314
154,128
46,0S0
5,816,502
2,682,300
Bonds and mortgages
Stock in vest's (market value).
Amount loaned on collaterals.
Am't loaned on pers'l securit's
30, '08.
$299,983
459,714
8,559,055
617,700
235,990
422,423
428,967
79,739
$394,983
565,514
7,716,057
753,075
233,415
66,507
596,322
94,101
8,181,853
704,378
241,639
73.397
506,036
62,558
$11,241,982
$10,419,974
$10,529,578
Real estate (estimated value)..
Cash on hand
Cash on deposit
Other assets
Total
June
30. '03. Dec. 31. '02.
$408,333
489,775
Liabilities.
$49,686,722
Total
$37,547,445 $45,928,677
Liabilities.
Capital stock
$2,000,000
Surplus fund
5,000,000
444,146
Undivided profits
Deooeits in trust
1,931,433
General depofiits, pay. on dem. 37,238,759
Due trust; companies
1,291,385
Due savings banks
783,433
Due banks and bankers
424,691
Other liabilities
522,875
$2,000,000
5,000,000
369,398
1,080,100
26,260,0061
1,118,286
277,233
571,476
870,946
$45,928,677
$2,296,931
961,148
312,731
340,000
27,353,179
*$1,153,104
"469,403
*138,481
*160,000
36,557,990
l^a to
Bonds and mortgages
i
Total
31, '02.
1,347,582
278,396
42,720
316,111
106,193
19,863
1,590,710
54,150
137,141
967,894
140,470
16,533
$2,855,052
$3,487,333
$500,000
500,000
29,080
$1,000,000
1,000,000
1,648,440
46,4R0
25,434
105,618
1,303,443
123,708
25,268
15,261
$2,855,052
$3,487,333
*$78,147
'28,895
*39,824
1,791,030
$55,851
8,643
27,555
1,423,273
LiabilUles.
Capital stock
Surplns fund
Undivided proflte
General deposits payable on demand
Dne trust companies
Due savings banks
Due banks and bankers
Total
Supplementary.
Total amounts of profits during the year
Int. credited depositors during same period.
Expenses of institution same period
Am't of dep. on which Interest is allowed
liotoSi^p.c.
30.
218,272
_
166,210
356,266
9^321,533
1,401,900)
181,937
185,569
$11,241,982
19,6.53
2 to 8^i p.
c.
$10,419,974
$10,529,578
$497,667
222,194
95,600
50,000
Supplemen tary.
'$268,063
*124,459
*36,620
*25,000
9,212,215
8,173,855
*$244,751
*105,876
*41,379
*25,000
8,276,533
2to4p.o.
2to4p.o.
2to4p.c.
Total am't profits during year.
Int. cred. dep's same period...
Exp. of instltut'n same period.
Am't
of divs. decl'd
same per'd
Am'tofdep.onwhiohint.isall'd
Rate of interest
.
Knickerbocker Trust Company (New York).
Resources.
30. '03
Bonds and mortgages
$318,000
262,435
Cash on deposit
Due from banks
Other assets
221,940
314,617
a
»qq =or )
»»,/y»,080f
40,5315
1,326,733
liabilities
p. c.
$346,000
398,185
Stock investmentA (market value)
Amount loaned on collaterals
Amount loaned on personal securities
Cashon hand.
Jane
demand
Due banks and banker*
Dae savings banks
Jnne
June 30,'03. Dee.
1 to
Deposits in trust
Gen'l deposits. pay. on
Total
Resoureet.
For the six months only, Jan.
Undivided profits
329,543
Gnardlan Trust Company (New York).
*
$500,000
1,0C0,000
Other
$37,547,445
l>flto4i2 p.o. l^a to 4i« p.o.
.%
$500,000
1,000,000
36,538,647
I
$49,686,722
Supplementary.
*$970,102
Tot. am't of profits during year.
•541,974
Int. credited dep's, same per'd.
*116,379
Exp. of institution, same per'd.
*200,000
Am'tofdivs.decl'dsameper'd.
Am'tofdep.onwhlohint.lsaU'd 39,128,710
Bate of Interest
$500,000
1,000,000
262,130
320,482
7,573,829 )
I
Total
Rate of interest
$2,000,000
4,500,000
600,820
1,959,667
Capital stock
Surplus fund
Dee. 31, '02.
June
30, '02.
$374,424
$322,025
$952,691
2,736,192
Stock invest'ts (market value).
Amount loaned on coUaterals 31,113,216
743,787
Am't loaned on pers'l securit's.
816,242
Real estate
2,114,023
Cash on hand
4,628,400
Cash on deposit
442,052
Otherassets
,
2,420,600
27,634,273
481,200
682,535
300,127
4,139,304
410,984
3,018,874
27,333,790
633,756
649,164
210,981
4,152,146
277,599
$43,368,338
$36,891,018
$37,233,991
.
Total
Jjiabililies.
$1,000,000
2.289,021
6,027,936
Deposits in trust
29,063,140
Gen'l deposits, pay. on demand
companies
2,373,483
Due trust
984,128
Due savings banks
1,238,0 32
Due banks and bankers
392,566
Other 11a bUl tics
Capital stock
Undivided profits
$1,000,000
$1,000,000
1,686,749
1,965,435
5,316,046
7,030,370
23,931,940]
1,353,346/ oo
qq7 n9R
''*»'^^^'"'*'*
498,038 f
729,420 J
294,170
3^2,449
$43,363,336 $36,891,048 $37,233,991
Supplementary,
$1,467,343
$1,864,792
Total am't profits during year. $2,089,302
635,502
918,565
824,941
Int. credited dep's same per'd.
228,110
259,059
239,667
Exp.oflnstitut^n. same per'd..
70,060
205,000
70,000
Am't of divs. decl'd, same per'd
29,771,475
28,745,083
Am'tofdep.onwhichint.isall'd 30,721,865
2to4p.o. li«to 4iflp. 0. li« to 4 p.o.
Bate of Interest
Total
*
For the six months only, Jan
1 to
June
30.
—
.
July
THE CHBONICLE.
25, 1903.J
Lincoln Trust Company (Neiy York).
203
Mercantile Trust Company (New York).
Resources.
Juiic 30, '03.
1,700,192
3.137,337
Stock Investments (market value)
Amount loaned on collaterals
Amount loanetl on personal securities
Dae from banks
Cash on hand
$1,031,72.'>
375,638
1,246,850
239,393
1,866,500
54,39S
21,099
264,160
366,881
75,862
$7,930,340
$3,730,625
745,930
on deposit
Other assets
Caali
TotaL
June
Bonds and mortgages
$485,000
Bonds and mortsages
Resources.
30, '03.
Dec. 31, '02.
$190,355
7,391,805
43,103,577
67,128
30,967
15,490
11,168,070
569,323
6,56n,t)05
.$67,330,504
$62,616,065
$63,016,257
.$2,000,000
$2,000,000
5,000,000
327,957
Total.
$500,000
500,000
SiirpUis fund..
Undivided profits
Deposits In trust
$500,000
500,000
23,510
632
,
Total
6,026,876
847,781
50.000
5,001
2,607,094
100,021
$7,930,340
$3,730,625
SuppUme)ilary.
$80,272
66,538
64,617
6,785,340
1 to 4 p. o.
Rate of interest
Long Island Loan & Trast
$44,161
8,998
30,286
2,696,372
4
1 to
p. o.
Co. (Brooklyn).
Resources.
June 30. '03.
$2,000,000
5,000,000
Capital stock
Surplus fund
9h-5,;n2
5,000,000
657,634
11,801,925
Deposits Intrust
General dep'ts, pay. on dem'd.. 33.412,695
Due trust companies
6,900,339
4,708,229
Due savings banks
Due banks and bankers
1,073,200
Other Uabilltles
1,448,804
47,283,905
3,015,341
3,675,781
421,092
562,312
Undivided profits
1,615,580
5,874,399
370,817
160,000
45,866
513,966
149,454
1,671.390
5,562,950
$9,847,314
$9,557,357
$9,219,075
$1,000,000
1,000,000
417,342
231,370
5,550,371
1,143,102
125,601
89,571
$1,000,000
1,000,000
357,609
185,515
2(i6,338
165,000
67,656
629,379
118,812
$1,000,000
1,000,000
Undivided profits.
461,004
Deposits in trust
301.162
Qen'l deposits, pay. on dem'd.
6,963,257
Due savings banks
919,670
Due banks and bankers
101,751
Other Liabilities
100,470
Capital stock
Surplus fund
Total
$9,847,314
Supplemenfarv.
Total am't profits during year. '$249,969
*92,776
Int. cred. dep's same period..
•34,019
Bxp. of institut'n same per'd..
*50,000
Am't divs. declared same per'd
Amt.of dep.on which int.l8 all'd 7,285,840
Rate of interest
2 to 4 p. o.
)
6,587,483
}
>
88,468
),557,357
$9,219,075
$373,746
150,265
65,527
100,000
*$161,076
*62,779
*33,865
*50,000
0,772.998
2 to 4 p. 0.
7,0::
0,147
2 to 4
June
30, '03.
Dee. 31, '02.
Stock inv'8tm'tB(market value) $1,188,237
Amount loaned on collaterals. 3,252,9 45
Cash on hand
111,768
Cash on deposit
1,867,83.">
Other assets
78,613
$948,629
p. 0.
$6,499,398
Capital stock
Surplus fund
Undivided profits
Gen'l deposits payable on dem,
Due savings banks
Due banks and bankers
Other liabilities
June 30, '02.
$127,140
832,697
857,890
15,786
$54,000
642,727
165,951
17,070
17,938
401,925
31,238
13,203
690,022
12.105
$2,284,614
$1,595,078
$500,000
500,000
41,610
$500,000
$500,000
500,000
63,102
19,515
profits
Deposits in trust
on demand
Due trust companies
Gten'l deposits pay.
1,298,425
80,890
33,162
5,396
500
)
1,207,543
1,070,939
35,461
18,243
$2,495,094
$2,284,614
Supplementari/.
Total am't profits during year.
'$88,845
$123,083
Int. cred. dep's same period...
"11,525
131,926
Exp. of Institut'n same period.
*55,826
75,111
Am'tof dep.on whlchtnt.is all'd
785,207
791,253
Rate of interest
2 to 4 p. c. 2 to 319 p. 0.
$1,595,078
Other
liabilities
5
Total
f$26,068
H,310
tl9,362
445,990
2 to 3 p.
c.
$500,000
1,000.000
374,715
Total
56,962
500
500
3,656,012
'03.
Total
June
Dee. 31, '02,
30, '02.
$544,500
Stock Invest's (market value)..
1,395,905
Am't loaned on collaterals .. 28,759,685
Real estate (estimated value)..
638,700
Cash on hand
522,067
Cashon deposit
1,249,675
Other assets
266,566
$33,377,098
$550,733
14,565,919
548,000
12,319
1,872,682
194,984
17,511,769
548,000
32,922
1,196,793
215,646
$17,744,637
$20,374,263
$1,000,000
1,000,000
1,369,577
$1,000,000
1,000,000
1,158,945
$869,233
Liabilities,
$2,000,000
5,000,000
Undivided profits
524,628
Deposits Intrust
823,038
General deposits, pay. on dem. 21,117,249
Due trust companies
712,423
Due savings banks
1,397,100
Due banks and bankers
1,554,335
Other liabilities
248,325
Surplus fund
11,828,7981
1.709:134
529,369
132,807
17,048,608
J
Total
$33,377,098 $17,744,637
Supplement an/.
Tot.am't of profits during year, *$641,33"8
$1,067,400
Int, credited dep's same per'd.
*290,453
465,014
Exp. of institut'n same per'd.
*65,324
88,523
Am'tof divs. dec. same per'd.
*156,352
100,000
Am'tofdep.onwhiohint.lsaU'd 24,500,000
13,424,673
Rate of interest
1 to 5 p. 0. l^to 5 p. 0.
June 30
$12,820,959
$17,076,244
$14,329,862
3,948,069
8,058,474
3,776,603
6,568,331
318,916
Capital stock
$1,000,000
1,000,000
Undivided profits
945,054
Deposits intrust
670,145
Sen. deposits, nayable on dem. 7,751,894
Due tru^t companies
1,291,940
Due savings banks
52,231
Dae banks and bankers
80,243
Other liabilities
29,452
Surplus fund
166,715
$20,374,263
"$481,328
"197,948
"43,265
•50,000
16,177,068
1 to 4 p. c.
Dec 31 '02
Total
$81,776,018
$3,422,09'3
June
30, '02.
34,066,376
3,320,800
29,444
12,921,871
190,195
$8,530,271
33,265,064
5,254,500
37,838
11,598,116
336,043
$58,950,479
$59,021,832
Liabilities.
$1,000,000
1,000,000
1,092,542
1,069,457
10,828,4831
$1,000,000
1,000,000
919,115
506,837
^'^sfllie
79,410 J
24.503
10,865,718
Total
$12,820,959 $17,076,244
Supplementary.
$705,938
$839,586
242,158
251,699
143,335
134,607
Am't of divs.deol'd,same per'd
100,000
80,000
Am'tofdep.onwhiohint.lsaU'd 8,856,036
11,851,058
Rate of Interest
1 to 4 p. c.
1 to 4 p. 0.
38,192
$14,329,862
.
ToUam't of profits during year.
int. credited dep's, same per'd.
Exp.of institution, same per'd.
Jane 30
'03
Stock lnv'8tm't8(market value) $9, 506,79*7
Amount loaned on collaterals. 35,469,610
Amt. loaned on pers'l securities 1,756,000
Cash on hand
28,464
Cash on deposit
14,176,618
Other assets
844,629
Liabilities.
1 to
24,671
Resources.
4,699,793
359,908
•For the six months only, Jan.
8.548,168
181.465)
Metropolitan Trust Company (New York).
'03.
4,489,877
5,372,987
500,500
2,212,861
235,234
Cash on hand
Cash on deposit
Other assets
_
$500,000
1,000,000
455,098
4,392,650)
126,700 f
Morton Trust Company (New York).
Dec 31. '02. June 30. '02.
$9,500
$9,500
$9,500
Stock invest'ts (market value).
Amount loaned on collaterals.
$10,447,554
m
Resources.
Bonds and mortgages
$6,712,875
$6,499,398
3,712,875 $10,447,654
Supplementary.
rot.amt of profits during year.
*$88,006
$697,445
*$355,675
*65,5i7
Int. credited depos. same per'd
213,856
*124,739
Exp. of institution, same per'd.
*106,065
282,987
*96,727
Amt.of dep. on wh.lnt. is all'd. 4,443,262
4,675,399
8,523,168
li« to 4 p. 0. l^a to 4 p. 0.
Bate of interest
to 4 P.O.
Manhattan Trust Company (New York).
JuneSO,
3,549,792
117,367
2,054,640
42,447
$500,000
Capital stock
$2,495,094
'02.
$1,439,729
6,671,466
288,892
2,027,354
20,113
Resources.
Dee. 31, '02.
$363,140
973,360
301,650
44,339
90,000
19,180
638,842
64,583
June 30,
1,000,000
442,976
4,272,610
103,557
158,342
21,913
June 30,
Ltabilities.
Undivided
451,850
Total
Bonds and mortgages
Resources.
June 30, '03.
55,236,450
Liab'Uities.
McYlckar Realty Trust Company (New York).
Capital stock
Surplus fund
H38,310
Besourees.
Total
Liabilities.
Total
12,567, !i 74
Merchants' Trust Company (New York).
'02.
$737,.=i50
$827,275
$1,081,100
Stock Invest's (market value)..
1,825,891
5,280,030
Am't loaned on collaterals
604,160
Am't loaned on pers'l seeurlt's
66,000
Real estate (estimated value)...
370,487
Cash on hand
479,162
Gash on deposit
140,484
Other assets
Cash on band
Cash on deposit
Other assets
34,567
18,268
$67,330,504 $62,616,065 $63,016,257
Supplementary.
Total am't profits during year. •$1,415,688
$2,674,366 *$1,246,242
'681,331
Int. credited dep's, same per'd.
1,272,020
"638,846
*106,679
Exp. of institut'n, same per'd.
•^92.334
183,326
*300,000
Am't of divs.decl'd.samo per'd
800,000
*500,000
Amt.ofdep.on which int. isall'd 54,041,561
48,281,592
51,057,358
1 to 41-2 p. c. 1 to 414 p. c.
Rate of interest
1 to 4 p. 0.
June 30,
Dee. 31, '02.
Bonds and mortjjages
Stock invest'ts (market value)
Amount loaned on collaterals.
Am't loaned on pers'l securlt'a.
Real estate
71,1'.J8
Total
Total amount of prottts durlnK the year
Interest credited depositors same period
Expenses onnstltuliou during same period..
Am't of deposits on which Int. Is allowed
Bonds and mortgages
43,230,160
Liabilities.
Capital stock
Total
'02.
$201,705
Stock Invest's (market value).
9,036,401
Amount loaned on collaterals 48,899,076
Am't loaned on pers'l securit's
67,128
21,000
Real estate (estimated value)..
Cashou hand
1,014,680
7,482,660
Cash on deposit
3.i4,;;04
Otherassets
Liabililies.
General deposits payable on demand
Due cavlnits banks
Due banks and bankers
Other liabilities
June 30,
Dec. 31. '02.
$454,655
t
May
$979,420
226.391
132,269
60,000
10,521,016
to
1
4 p. 0.
6 to July
1.
Capital stock
Surplus fund..
$2,000,000
2,000,000
Undivided profits
4,012,366
Deposits in trust
656,554
General deposits pay. on dem. 45,327,602
Due trust companies
3,947,696
Due savings banks
1,647,631
Due banks and bankers..,
2,041,190
Other Uabilltles
143,079
TotaL
$2,000,000
$2,000,000
2,000,000
2,000,000
3,815,982
8,373,061
5,282,7231
35,043,850
2,309,710
51,517,694
2,157,962
6,240,812 J
131,077
99,440
$61,776,018 $58,950,479 $59,021,832
Supplementary.
Tot. amt. of profits during year, $1,018,278
$2,914,029 "$1,481,103
Int. credited depos. same per'd
•450,746
524,325
943,681
Exp. of institution same per'd.
287,612
"143,536
114,305
Amt. of divs. decl'd same per'd
300,000
"100,000
200,000
Amt. of dep. on wh. int. Is aU'd. 41,471,165
35,955,580
37,628,117
Rate of interest
1 to 3 p. 0.
1 to 3 p. c
1 to 3 p. 0.
*
For the six months only, Jan.
1 to
June 30
Ari
V/
4
.A.
Mutnal Alliance Trust Company (New York.)
^ T vrjLt*
1 1
<l
^^ T xXa
North American Trust Company (New York).
Resoureea.
jM«e 30, '03. D««.31,
Stock Investments (market value)..
Amount loaneil on collaterals.
Amount loaned on p«rsoual seooritiea
$948,640
$1,156,515
f3i,4^0
1,615,896
1,014, e68
214 088
481,562
31,945
52.60^
166.581
37,730
Cash on hand...
Cash on deposit
Other assets
Total
'02.
292037
$4,134,456
$2,512,265
$500,000
600 000
$500,000
500,000
1,222
20,700
3,077,4^7
35,037
li<,026
8,791
1,473,709
16,739
$4,134,-156
$2,512,265
*$82 593
*2i,021
*50,520
2,884,819
$57,388
9.999
32,S92
1.403,190
2 to 3 p. o.
Bonds and mortgages
Stock inves'ts (market value).. 2,6:-!2.979
Amouit loaned on <ollaterals. 10,509,970
Amtloaned on pers'l securities
637,e04
Real estate (estimated value)..
700,000
(ashon hand
1,014, '54
Cash on deposit
3,367.204
Due from banks
)
Other assets
\
LiabilitUi.
Capital stock
Surplus fund
Undivldeil profits
Deposits In trust
Qeneral deposits payable on
Other
demand
liabilities
Total
Snpplementary.
Total aroonnt of profits during the year
Interest credited depositors same period
Expenses of institution durins same period.
Amount of deposits on which int. is allowed.
Rate of Interest
2 to
3»4 p. o.
Nassau Trnst Company (Brooklyn).
Resources.
30, '03.
D
June
31.' 02.
June 30,'02.
$352,219
710.271
$33*,"19
677.721
4,627,656
4, '327,580
297,7i'3
o26,483
771,356
f6.392
167.000
63,530
632.430
80,622
353.604
167.0
2e,so3
412.304
88.314
$7,120,493
$6,931,431
$6,392,245
Bonds andmortgases
e,
$330,269
918,125
4,196,390
325,478
Stock invest's (mai-ket valae)..
Amouut loaned on collaterals.
An t loaned on pers'l securit's.
Real estate (est. value)
Cash ou baud
lt)6.000
Cash on deposit
Other assets
Total
LiahilUies.
Capital stock
Undivided
500,''00
Deposits intrust
Gen'l deposits, pay'bleondem.
69,7^9
5,042,926
Due trust companies
Due savioes banks
Other
$500,000
471,395
$500,000
protits
59..573
4,534.197)
50.722 }
1,200,530)
115.014
25.<>0O
922.393
59,640
liabilities
Total
$7,120,493
Supplementary.
Total am't protits during year. *$165,390
same per'd.
Institution, same per'd
Int. credited tlep's,
'•78,396
Exp. of
Amt.of divs.
'23,139
.same per'd
Amt of dep.on whiohint.is all'd
Rate of interest
rtecl'd,
New York
*
I.=5.
$6,931,431
$312,903
149,257
42,103
30,000
000
5,844,922
2 to 4 p. o.
6,060,035
2 to 4 p.
Life Insurance
&
o.
56,387
$6,392,245
*$149,367
*70,437
* 19,895
*1 5,000
5,593,718
2 to 4 p. c.
Trust (New York).
Resources.
Jtt»ie30, '03.
Bonds and mortgages
$3,707,316
Stock inve.'its. (market value)..
9,194,340
Amount loaned on collaterals. 5, 642. '.1^62
Am't loaned on pers'l securit's 11,026,631
Real estate (estimated value)..
921,992
Cash on hand
2,000,000
Cash on deposit
446,252
Other assets
1,971,390
June 30, '02.
$3,613,666
$3.' 62,957
ll,092.>i'8
8,862,850
6,228,012
827,554
.$34,910,183
Total.
Bee. 31. '02.
ll,2fi5,139
12,078,3!j7
787,«71
3,000.000
1,343,702
2,376,511
2,341,290
381,6-16
$39,925,310
$2,''57.479
3,508,433
8,707,140
669,212
700,000
4^.503
10,13.^,234
748,662
271,046
1,413,157
1,5=«4,1"8
1,031,250)
456,993 J
7007075
733,737^
$19,727,137
Q02 7n«
892,756
$16,827,264
$16,995,777
$2,000,000
2,500,0O0
$2,000,000
2,500,000
300,000
LiahilUies.
Capital stock
Surplus fund
$2,000,000
:?,000,0"0
7-^,979
Undivided profits
Deposits in trust
General dep'ts. pay. on
506 670
2.077,74U
demand
Due trust companies
Due savings banks
Due banks and bankers
1,155,654)
7,314,fi83
6,-'>
2,675,078
1,635,006]^
55'?,399
451.7311
1,987,042
1,024,053 j
42,279
Other llabihiies
91,0i6
$19,727,137
Siipplementary.
-Ii447.»il
Total am't profits during year.
Intorediteddep'rssame period
"168,739
Exp.oflusiitiitlon, same period
'81,833
Am'tof divs. deol'd, same per'd
»70,000
Am'tofdep.onwhiohint.isall'd 12,400.176
Rate of Interest
2 to 5 p. 0.
il.>-7l
|
12.127,807
67,970
$16,827,264 $16,995,777
Total
$1,137,716
260.2i0
148,762
140,000
8,791,294
''$531,825
2to4p.o.
2to4p.o.
*114.886
•79.499
*70,000
8,370,884
Company (Brooklyn).
People's Trust
RCSO ltT*C€S
June
Bonds and mortgages
30,
'(
Stock In vesfts (market value).
Anjouut loaned on collaterals..
Am't loaned ou pers'l securit's.
Real estate (estimated value)...
Cash on hand
Cash on deposit
Other assets
7,099.055
665.315
233,400
139,209
1('3,530
931.205
146,108
1,468,698
$13,398,782
$13,748,824
$1,000,000
1,000,000
581.632
131,874
Liabilities.
Capltalstock
$1,000,000
Surplus fund
1,000,000
Undivided profits
507,3('8
Deposits in trust
339,077
General deposits, pay. ou dem. 10,384,976
Due savings banks..
1,157,855
Due banks and bankers
131, S93
Other liabilities
712,409
4.t1,638
$1,000,000
1,000,000
490,018
435,617
7,932,52 1 )
1,261,600 >
10.394,710
254,900)
916,491
428,479
$15,233,518 $13,393,782
Supplementary.
$599,^28
Total am't profits during year.
•$;i93,226
*163.<!25
264,352
Int. credited dep's same per'd.
*47,714
79,769
Exp. of Institut'n, same per'd.
"60,000
120.000
Am't divs. declared, same per'd
10,230,323
Am'tof dep.ouwhichint.lsall'd 11,345,765
2 to 413 P o.
2 to 4 p. 0.
Rate of interest on same
$13,748,824
Total
•$294,062
119,134
*37,099
"60,000
10,323,251
2 to 4 p. 0.
Real Estate Trust Company (New York).
Resources.
June 30,
Bonds and mortgages
Stock Inves'ts (market value).
Amount loaned on collaterals.
Amt. loaned on pers'l securit's.
Uashonhand
Cash on deposit
Other assets
$273,500
$288,000
June 30,'Oi.
$288,000
1,300,076
6,034,)02
6,000
380,052
462,028
50,449
1,177,30S
5,823,332
1,238,568
6,208,309
4i,t-44
22,654
955,748
52,168
$3,506,207
$8,209,925
$8,765,447
$:^00,000
$500,000
250,000
342,002
Dec. 31. '02.
'03.
ftOO
22.272
851,568
Liabilities.
Capital
$1,000,000
3,905,857
38,4 47
26,603,026
63,000
10,000
8,289,853
.'^itock
Surplus fund
Undivided profits
Deposits in trust
Due savings backs
Duebsiiks and bankers
Other
liabilities
$1,000,000
$1,000,000
4,083,8,-i3
4,112,386
40,045
50,806
28,64 2.8^8)
32,123,322
63.339$
] 0,000
3,138,796
2,667,329
Total
$34,910,183 $37,007,434
Supplementary.
Total am't profits during year. *.'S955,364
$1,758,817
Int. credited dep's same per'd.
*471,535
936,165
Exp. of institution, same per'd
•76,311
139,514
*200,000
Am't of divs. decld.same per'd
400,000
Amt.of dep.on which int.lsall'd 26,676,026
28,716,208
Rale of interest
1 to 5 p. c.
1 to 5 p. o.
New York
Security
& Trast
Co.
*4.54,29<i
*64,948
"200.000
32,123,322
1 to 5 p. o.
Lialnlities.
$rOO,000
250,000
394,378
Capltalstock
Surplus fund..
Undivided profits
Deposits in trust
General dep. pay. on
Other
demand
$4.'^,622.884
Undivided
;
on demand.
Due tmstcompanles
Due savings banks
Duebanhsand bankers
.
38,607,997
1,604,548
78,258
Other liabilities
Total
100,212
'16o,00O
Ain'tof div. decl'cl same per'd..
Aru'tofdep.oii which inUlsall'd 39.084,759
Rate of Interest.
1 to 3^ p. o.
*
For the six months only, Jan.
1 to
June
74,871
$8,506,207
Supplementari/,
Total am't profits during year. "$186..'>43
*114,676
Int. credited dep'rs same per'd
"26,748
Exp. of institution same per'd
";i5,000
Ami;.of divs. deol'd, same per'd
Amt.dep.onwh. Int. is allowed 7.216,047
2 to 4 p. o.
Rate of Interest
Total
$8,209,925
$8,7(i5,447
$393,377
214,717
50.711
50,OtO
"$187,946
"102.662
*24,<^89
•25,000
7,598.574
6,905,522
2 to 4 p. 0. 2to3>«p. o.
Standard Trust Company (New York).
26,321,875
204,702
33,159
9,017.220
470,0d6
31,246,544
54,0%0
$51,015,860
$54,090,307
3vi,185
5,548.k;s2
444,374
j
$1,000,000
4,000,000
44,570
45,281,506
580,772
17,386
31,363
60,263
$1,000,000
3,500,000
72,982
June
Bonds and mertgages
30, '03.
June 30,
Dec. 31, '02.
'02.
$82,789
Stock Inves'ts (market value).
Amount loaned on collaterals.
Aujt. loaned on pers'l securit's.
Cash on hand
Cash on deposit
Other assets
Total
2,799,958
6,84^.678
79,711
291.696
2,993,496
117,760
$2,545,863
7,350,213
149,658
29,419
4,349,»m2
116,288
2,777,608
9,434,298
260,000
35,071
3,812,712
164,715
$13,209,088
$14,541,423
$16,474,404
$1,000,000
500,000
355,071
$1,000,000
250,000
463,970
$3,413,987
1,305 868
130,312
2!i(),000
44,522,612
1 to 31s p.
30.
0.
$1,000,000
Capltalstock
500,000
Surplus fund
406,492
Undivided profits
1,00 1,0
Deposits In truHt
8,445,528
Oen'l dep., pnyableondem'd..
507,109")
8.500,1.53
1
49,407,985
109,340
$45,622,884 $51,015,860 $54,090,c07
8upplem.entarii.
Total am't profits durlng'year. *$l.22j,6:J6
595,1-0
Int. credifcil dep's same per'd.
'63,136
Exp. of instltut n name per'd..
59,551
Liabllilies.
$1,000,000
4,O00,CO0
231,869
profits
Dero.'tit.s in trust
General rtep. pay.
7
fiQa '\7±
7,Daa,074
43,454
Liabilities.
Surplus fund
379,840
non '^i±
7,o^o,5d4
17
\
liabilities
(New York).
J^uwe 30, '02.
$t>86,820
.$797,022
13,^80,<il8
15,967,'SOO
Stock Invest's (market value).. 12,.'ie2,0-3
Am't loaned on collaterals
24,654,952
45fl,HO0
Am't loaned on pers'l securit's.
Cash on hand
36,749
Cash on depo.-,it
6,936.145
Otherassets
461,655
Capital stock
25i',«i00
7,318,b7o)
•
Dee.3^,'02.
$514,500
Total
*$959,064
Total
Resources.
Resources.
June 30. 't 3
Bonds aud mortgages
$39,925,310
'01,
$565,988
3,455,290
3,449,202
7,390.049
688,160
233,400
3,21f<,655
8,191.-14
1,202,005
328,Dl6
623,634
1.101,506
205,448
$15,233,518
Total
June 30,
Dec. 31, '02.
$4.^7.138
3.
$362,440
6,680,551
2,50(i,r00
$37,007,434
Total
$500,000
442,141
101,468
5.292,219
June 30, '03. Dec. 31. '02. June 30, '02.
$101,489
101,489
26,489
-$1,814,4 = 2
*649.490
'73.75^
•130,000
47,-67,532
1 to S's p.
0.
Due trust companies
Due savings banks
Due banks and bankers
Other
liabilities
1
448,fc24
1,213,631
353,851
211,026
842,323
168.660
yl2,42li
2,054,378
$13,209,088 $14,541,423
Supplementary.
$738,226
Total am't profits during year. **251,4ia
3(i9,< 48
"121,832
Int. credited deps., same iHjr'd.
8-^.702
"48,159
Exp. of institut'n, same oer-d.
60 000
'30,000
Amt. of divs. decl'd, same per'd
10,479,137
Amt.of dep.on which InUsaU'd 10 311,042
2 to 4 p. 0.
2 to 4 p. 0.
Rate of Interest
For tbe
six
months
only, Jan. 1 to
June
13,380,209
(
Total
"
[
30.
1,380,225
$16,474,404
*$35=',799
"158,850
"44,883
•30,000
13,102,468
2 to 4 p. 0.
5
July
1
THE OHKONICLE.
36, l90b.J
Title Gnarantee
& Tmst
Co.
JUsources.
Ji'ne3o,'03.
(New
United States Mortgage & Trust (New York).
York).
June30.'02.
Dee. SI. '02.
220
$8,498,365
Stocilnveatm'tl (market val.) 2,211,975
Amount loaued on colUterals. 9.*34.^6S
551, .S43
Amt loaned on perB'l oeiur'ts.
319.061
RwU estate (estimated value).
860.858
rSahonhand
l.(ii>5.637
Cash on deposit
1.122,199
Other Mseti
88,261,041
1,115,000
5,160
32.098
717,471
4^0,837
8,4 8
44>^,450
$24,696,301
$10,932,507
$10,781,500
Bonds and mortgageg
Total
$!*,f:91
1,018,750
320 000
42.935
Panltal Block
3,625,000
381,141
Undh-ldo.1
163,867
Deposits in trust
Gen'ldep, payable on dem'd.. 14,008.995
3>-8.>*71
Due trust companies
975.355
Due saviDKS banks
380.151
Due bank? an 1 bankers
437,921
OtUer llabUiUes
BmpIus
fund.'.
pi-oflt8.
Kesonrrex.
30, '03.
June
Bonds and mortgages
Stockiuvest's (market
$4,000,000
$2,500*00
2,500.000
3,500 OOO
292.718
287,527
129,286
55,196
2.643,967)
2,801,030
[
289,891 ^
Oashon deposit
783,943
$38.5.50,426
$36..")50,426
$32,117,290 $32,240,846
Deposits In trust
Kxp.of institution. 8 line perd.
Am'tofdivs decl'd. sameper'd.
'l'2t,997
Am'lofdep.oiiwhichlut.i9aU'd
Amt.ofd«p on wh.
int.
'531,136
*525.000
allowed 15,438,091
Kate of interest
1,800.000
a,730,?46
*30
o
3.^27,195
,oi
630
735,341
General depcsits.pay. on dem. 14,920, .581
Due trust companies
2,183,602
.38ft,>-03
Due savings batiks
2,010,483
Due banks and bankers
10,681,017
Other liabilities
Undivided profits
*$1,075.497
'^'U.itSO
*417,73.<
9S.218
$2,000,000
$2,000,000
3,000.000
3.00(1.000
5tH.5l7
311.045
818.501
441,485
12.206,1921
2,259,814 (
5I'-,0 9 r 17,203,828
418,338 J
10.348, ^eo
9,2!$4,488
Supplemeniari/.
Total am't profits during year. **814,274
*424,n93
Int.creaited dep's, same per'd.
14«^,118
8b'4,5-9
105808
3,74 2
$32,117,290 $82,240,846
$2,000,000
3,000.000
609.410
P09,500
Capital stock
Surplus fund
$10,781,f60
"2t>3,052
6,017,!=>33
11,5-5.347
Liabitilken.
$24,696,301 $10,932,507
Supplementary.
2,132,915
Total am't profits during year. *$1. 4 38,275
credited deps.,8auie per'd.
Expens. of Instlfn, same per'd
Amt. dive, declared, same per'd
30. '02.
$9,956,069
174,0.55
773,243
l,634,fS07
Int.
June
'02.
5,24i.H67
Other assets.
Total
.
$10,260,617
6.597 149
8,8H5.I09
171.450
3.905,!t8y
1,076,645
Total
Dee. 31
$10,0tt!».J5;t
value)..
8 010.208
12,!»06,»92
Loaned on collaterals
177,1 03
Loaned on personal securities.
707.432
Cash on hand
541,727
LiabiliHe.-i.
$4,>i7r).000
205
Total
19,626,796
$1,946,475
748.087
228.824
SOO.ooo
14,504,895
'$1,030,660
*353,v90
'105,865
'140,000
16.725,987
li^tolp.o.
2to4p.c.
lto4p.o.
'160.00
Kate of interest
United States Trust Company (New York).
listo4pc. I^to4iap.o. l»fito5p.c.
Kesout'i-es.
Trost Company of America (New York).
Jan
June
Bond and mortgages
3''>,'03.
$601,135
7,553,070
Stock In v'stiu't8(market value)
Amount loaned on oolUterals. 12,701,286
Ajut. loaned on pers'l securities
365,800
387.417
Oasbonhand
Oaah on deposit
3,120,779
Otheraesets
182,321
ToUl
$24,912,108
Dee 31, '02. Junf.30,'0'2.
$8si5,768
$575,768
7,712.996
12,129,990
153,100
26,577
2,678,432
164,338
8.017.739
13,005,745
$23,761,201
$25,171,384
366.'-'50
3^,410
3,017.460
155,012
Liabilities.
Capital stock
Sorphia fund
$2,500,000
2,500,000
Undivided profits
714.621
Depo.slt8 in trust
4«9,785
deposits
Oen'l
payable on dem. 11,888,898
Due trust companies
2,018,949
Due savings banbs
845,024
Due banks and bankers
3,867,425
Otlier liabiUtles
127,406
$2,500,000
2,500.000
650,028
257,037
13,045,524^
1,417,406!
5'7
4,0.i4
$2,500,000
2,500,>i00
534.050
109,766
f
164,340
$24,912,108 $23,761,201 $25,171,384
Supplementary,
Total am'i profits during year. *$452.672
•$541,163
$1,049,786
Int. credited depos. same per'd
"218,544
439,634
*217,841
Exp. of institution, same per'd.
'62,344
*57,899
119,160
Amt. of di vs. deol'd same per'd
'100 000
175,000
*87,500
Amt. of dep'8onwli.int.l8all'd 18.897,719
17.789,169
19,318,209
Rate of interest
liato3>a% li2to4p.o. lJflto4p.o.
Besourees.
30,' 03.
Total
$1,635,898
June 30, '02
Dec. 31, '02.
$1,412,908
$1,023,766
2,751,788
100,350
40,832
1,;;56.009
205,150
33,382
701,042
81,269
58f>.992
$500,000
Undivided profits
Deposits iQ trust
General d«<p. pay. on demand.
Other liabiliiles
Total
15,149
1,891
1,118,153
$3,689,850
$1,000,000
500,000
95,247
$1,635,898
Suppletnentary.
To'al amt profits during year.
'$57,313
Int. credited dep's same per'd.
'29,093
Exp- of luouiufn samr per'd..
"88,163
Ami0fd-p.onwhlchint.l8all'd
101,146
Rate of interest
2 to 3 p. c.
2,020,978
73,6 J5
l>eposit8 in trust
$3,689,850
Bonds and mortgaKea
$608,860
Stock invest'ts (book value)... 10,934,510
Amount loaned on collaterals. 48,497,868
Real estate (estimated value)
1,900,000
Cash on hand
4,oi9,576
Cash on deposit
1,725,038
Other assets
609,144
.
Total
Surplus fund
DepoBits In trust.
Due trust oompantes
Due saving- banks
Due banks and bankers
OtherUabllitles
Total
June
$622,860
10,751. 8S3
30,'07.
$682,750
13,122,493
51,517.338
44,471,668
1,900,000
2,021,6^7
2,087,457
526,510
1,900.000
3,03' ,437
2,5ii6,910
664,337
87,300,776
Resources.
Stock invest, (market value)..
Amount loaned on collaterals.
Am't loaned on pers'l scour's.
Real estate (estimated value)..
Cash on hand
Cash on deposit
Due from banks
I
4,727,341.''
15o,727J
1,028,131
Total
*
Deposits In trust
Gen'l dep. p>iyable on demand
Due trust companies
Due savings banks
Due banks and bankers]
Other
$6,864,096
$4,299,673
$i.roo,ooo
1,000.000
34.802
9,358
$1,000,000
1,000.000
21,242
Total
$1,0 o.oOO
1,000,000
127,671
2,626
4,398,768
3,056,0 12
457,678
Tot. am't profits dur. the year.
[nt crertitfd dep's same per'd.
Exp. of institut'n same per'd.
Am. ofdep.onwhiohint.is all'd.
Rate of interest
1,330,'»32
'$176,8.50
'23,534
*55,447
5,134,829
2 to 4p. c.
Resources.
June 30, 03.
Bonds and mortgages
Stock inveat'ts (market value).
Amount loaned on collaterals..
Amt. loaned on pers'l securit's.
Cashon hand
Cash on deposit
Otherassets
Total
lto4p.
lto3iflp.
62,731, .-41
o.
$299 800
1,119 357
1,950,872
327,559
$6,864,096
$4,299,673
$171,0fl2
49, 91
|!61.655
2,73 ,953
2 to 4 p. 0.
t$71,l?97
t2,787
}16,552
2,204.564
2 to 31a p. c
(New York).
June 30.
Dec. 31, '02.
$44.>-00
'02.
$60,600
701,702
8,8 5,200
310,000
940.^81
8,586.350
210,000
4,118
644.367
91,758
9.247,350
60.000
526,564
561,063
120,981
$11,935,115
I
1
6,628
5P5,028
78,767
$10,521,774 $10,527,925
Liabilities.
Undivided profits
Other
$73,454,295
*20">,000
S
I
$8,649,907
Supplementary.
Deposits lu trust and general
deposits payable on demand.
One trust companies
Due savings banks
1,156,86^
>
762 041 i
449,015
547,'- 68 J
5,000
158,6-'5
174,507
liabilities
aiiaaaA
t>*.i^>'.°s»*
•$1,591,326
*h01,315
*100,l43
For the six months only, Jan, 1 to June 30.
$8,649,907
"ii,273
513.067
182,004
Liabilities.
Surplus fund
3,279,635
1,738,818
212.485
425,000
51,092,138
o.
1,835,529
.
Otherassets
$1 043,958
2,330,651
218,720
1,226,500
3,330,088
376,749
88.940
547,145
678,187
566.848
19,839
.'^22.637
3,563.333
764,545
745.280
688,683
$1,000,000
7,157,532
Supplenientary.
Total am't profits during year '$1,480,607
Int. oreditPd dep's. same per'd
'843,376
Kxp. of Institution, same per'd
*1"8,885
Am t of divs.decl'd same per'd '250,000
Amt-ofdep.onwhlohlntisall'd 56,646,723
Bate o f Interest
1 to 4 p. c.
Jimc 30,'03. l>e«.31,'02.
l>e«.31, '02. Jwne 30,'02.
$5oO,ooo
$30,000
Capital stock...
7.516,33-t
47,4fil,446')
'$1,^65,910
'1,082.996
'73.061
'500,000
71,119,261
1 to 3 p. 0.
Van Norden Trust Company (New York).
$73,454,295
$1,000,000
$68,294,996 $62,381,985
71,927,243
|
493,1 09 J
Wastiington Trust Company
Dec. 31, '02.
49x,002
|
J-
77.139,280 $74,862,490
Supplementaru.
$3,930,S32
Total am't profits during year. '$1,716,(397
2,21fl.918
'966,876
Int. cred dep's. same period..
'111,8H7
156,144
Exp. of institution, sameper'd.
'500.000
1,'^00,000
Am'tof divs. decld sameper'd
56,158,250
Amt.of dep on which Int.is all'd 60.742,771
1 to3»« p. o.
1 to 4 p. c.
Rale of interest
$4^642,264
$68,294,996 $62,331,985
$1,000,000
7,542,^26
51,809,370
370,141
5,223,098
157,556
2,192,605
'
710,408
3,10»,711
1,152.183
2,991,850
«5.272
1,073,851
1,278,573
$1,000,000
500,000
123.149
Liabilities.
-Capital stock
$2,000,000
10,000,000
2,094,960
1,0j5,128
Undivided profits
'$161,229
$366,752
'1 044
20,606
*38,512
144,794
1,816,291
2,745,171
2 to 4 p. o. 2to3iap. c
96
nconoQo?!
^''•^^•*"^^
S
Due trust companies
Due savings banks
Due iiankM and bankers
Capital stock
Surplus fund
2,745,171
34.294
5.
l,u89,441
$2,000,000
lO.OOO.OOO
2 271,907
10 000,000
2,2-4.834
57,581,290)
Gen. deposits, pay 'le on dem'd.
Union Trust Company (New York).
Sesourees.
June3r>,'03.
Liabilities.
,$2,00(»,000
Surplus fund
Undivided profits
$4,542,264
139,^^50
705
Capital stock
39,536
Liabilities.
Capital stock
Surplus fund...
6,44
$77,139,280 $74,862,490 $87,300,776
Total
Bonds and mortgages
Trnst Company of the Bepablic (New York).
June
1,00(»,000
8,602,5-4
961,598
Total
2,677,420 J
139,732
'02.
$4,338,000
7.873.050
57.696,362
8.H57,^27
1,000,000
$4,2^1,000
9.322,435
42,55W,OoO
8,'H6 873
845,561
Other liabilities
iqocqooq
AS'.*0'»f^^»
Total
Stock in vestm'ts (market val.). j>l,009,68
Amount loaned on collaterals.
161.203
Amt. loaned on pers'l seovir't's
75,200
Oashonband
42,920
<3»8h on deposit
346,890
Other assets
$4,2 6.000
Slock inveat'ts (market value). 10,437.771
Amount loaned on collaterals. 44.18;»,400
Am't loaned on pers'l securit's 8,863,020
1,00^1,000
Real estate (estimated value)..
Cashon deposit
7,517,528
Otherassets
J?me 30.
Dec. 31, '02.
30. '03.
Bonds and mortgages
Resoureet.
liabilities
TotaL...
$500,000
500,000
432,209
$500,000
600,000
406,212
8,789,989
100.778
1,523,476
88,663
7,627,191
50.30S r
1,390.360 j
47,703
$11,935,115
I
'
$4^5,961
24«.045
57,329
f 0,000
"31,158
Am'tof divs.decl'd sameper'd
"30,000
Amtofdep.onwhichint. is all'd 10,397,758
Rate of interest
1 to 4 p. c.
9,127,828
46,233
$10,521,774 $10,527,925
Suppleme7itary.
Total am't profits during year. '$256,345
Int credited dep's same per'd.
'154,870
Exp. of institut'n same per'd..
$500,000
500,000
353,864
9,035,299
1 to 4 p.
For the six months only, Jan. 1 to June 30.
1
c.
March 31
•$251,928
•124.634
•28,668
•30,000
9,041,484
1 to 4 p. o.
to July 1.
:
:
THE CHRONICLE.
206
Williamsburg Trust Company f Brooklju).
June 30. '03.
Bonds and
mortfrajres
Dee. 31, '02.
Stock invesfts (market value).
Amoiiut loaned ou collaterals
Aui't loaned on per8'l aeourifs
Real e8tate (estimated value).
Cash ou baud
Cash on deposit
Other assets
Total
June
$-J73,.'>00
$227,700
1.420,861
2,219,664
1,297,8jJ4
18S.30O
201,158
415,853
55,,-i58
2,526.158
574,491
180,800
.'21,
IM
U3
817,873
10,420
180,800
67,697
829,183
12,259
$5,921,490
$5,553,467
$5,662,832
$700,000
350,000
$700,000
350.000
16fi.430
l.'>2,105
25.412
3,465,6'0>
430,861 S
12j,654
51,
June
Stock investments (market value)
Amount loaned on collaterals
Cdsh on h.ind.'
Cash on deposit
Other assets
Total
Capital stock
Surplus fund
Undivided profits
Deposits in trust
Gen. depoe. pi.VHbleon dem'd.
Due savings banks
Due banks and bankers
24.6t)7
4,236,145
Capital stock
Surplus fund
Undivided profits
General deposits payable on demand
l>ue trust L'ompanies
4,294,348
402,9803
426,937
22,104
45,725
$5,921,490
Sitpplemenlary.
Total am't profits during year. *$123,67u
$5,553,467
$5,662,832
$261,045
93,020
49.«03
*$130,126
liabilities
Diieb nks and bankers
Other liabilities
Total
Total
Int. credited dei)'s.
same
per'd.
*51,.'>22
*36.333
Exp. of Instltufn same per'd.
*28,00O
Amt.of dUs.deol'deameper'd
Am'tofdep.onwhichint.l8aUd 4.573.822
2 to 4 p. o.
Rate of interest
*
For the six months only, Jan. 1 to June
New
El gland Cotton
*36,4()5
*24,583
*28.000
4.415,002
2 to 4 p. o.
56.0iiO
4.314,934
2 to 4 p. o.
—The
Dee. 31, >02.
$1,398,286
300,000
44,253
1,009,569
35,380
$6,921,263
$2,787,488
$l,COn,000
5i 0.(00
30.486
3,980,244
411,2^3
984,250
15,000
$1,000,000
500,0
12,872
674.473
60D,000
$6,921,263
$2,787,488
reorganiza
143
Supplementary,
amountof profits during the year......
Inter, credited depositors during same per'd.
Total
*$204,544
'4n,74l
Expenses of institution durirg the year
*58,764
4,306
Am't of deposits on which interest is allowed P,2»'/,522
1.215,184
Rate of interest
Av. 245 p. c. 2 to 313 p. •,
*
30.
Tarn Co.— Option.
30,'03.
$1,914,155
3,251,115
268,111
1,352,097
135,785
Liabilities.
Liabilitiei.
$700.00C
350,000
183,741
YorJi).
Resources.
30. '02.
269,850
1,761,071
2.317,028
722.0S7
«:
[Vol. LXXVIl.
Windsor Trust Company (New
Regoureta.
Other
:
For the six months only, Jan. 1 to June 30.
—
United Electric Secnrltles Co.— Called Bonds. The
Amerioan Loan & Trust Co., as tru?tee, has called for redemption at 108 and accrued interest to Aug. 1, 1908, collateral trust 53 to the following anaounts
Fourth and fifth
tion plan cuntainn oce feature not already described in this
column. The preferred shareholder, in addition to paying
$30 per share on his present holdings and receiving in excharge 130 new preferred and $70 new common, has the
privilege, if he so desires, of paying an additional |10, for
which he will receive |10 new preferred and $8 new common.
eeries, all; tenth series, $84,000; twelfth series, $23,000; thirteenth series, $9,000.
JVeic President.— Gordon Abbott has been elected President
See V.
to succeed
77, p. 149, 40.
Pease Car & Locomotlye Works.— Successor,— See Chicago
Car & Locomotive Works above,— V. 76, p. 755, 814.
Fenlnsulur Stove Co., Detroit, Micb.— Increase of Steele.
This Michigan corporation has increased its capital stock
from |350,COO to $3,000,000, of which $l,500,0CO is 6 p. c. preferred stock, subject to redemption at par at the expiration
of 30 years from Jnly 15, 19i>8; par value of shares, $10 each.
Of the total stock, $1,603,020 (half preferred) is held by
James Dwyer (for himself or as trustee) or by others bearing
the name of Dwyer; 11,221,620 (half preferretJ) is held by
Fred. T. ^oran for himself, or as trustee, and |176,360 is
held by otters.
Vice President F. F. Palms is quoted as saying
—
:
"Hitherto the stock has been closely held by the owners. The Increase is for the purootte of making the stock of the company of valne
to the general public and stock markets or the oonrrtry, carrying a
guaranty of 6 per oent on the preferred stock."
The increase in part at least represents distribution of eurplus.
Pressed Steel Car Co.— £'arntrafifs.— The earnings for the
quarter and 6 months ended June 30 were:
Interest
Div, on
Reserve for
Bat. for
3 mot. end. Prof, from
com.stk.
deprec'n.
Mar.ZX. operations, on bonds, p'. stock.
$6u2,520
$J45.«72
$47,102
$218,750
$77,500
1903
63,273
591,800
60,270
218,750
934,093
1902
6 mos.—
$95,294
$487,500 $155,000
$1,327,409
1903. ...$2,015,303
437,600
130,281
1,271,319
120,112
1.959,212
1902
-V.
76, p. 870.
Seabobrd Cement Co.— See American Cement Co. above.
Sonthern Car & Foundry Co.— -K-cetvers.- Judge Kirkpatrick in the United States Circuit Court at Trenton, N. J.,
upon the application of the Standard Steel Car Co, and others,
has appointed Thomas Q. Bueh, of Birmingham, Ala., and
Thomas Gillespie, of West Orange, N. J., as receivers of the
company on the ground of insolvency. The outstanding
capital stock is |1,500,000 (half preferred) of which |765,000,
There
it is stated, is owned by the Standard Steel Car Co.
are no bonds but the floating debt aggregates, it is stated,
about 13,(00,000, including
LUblllty of $.^100,000 on purchase price of Anniston plant; on loans
obtained on pledge nf proceeds that might arise from the sale of cars
not yet completed. $180,000; on company notes without endorsement,
$178,00' on notes secured by warehouse receipts. $758,000; on unpaid vonchers, »130.000; indebtedness to the Standard Steel Oar Co.,
.«325.000 upon notes; and notes made by the Southern Car & Foundry
Co. and endorsed by the Standard Steel Car Co., $180,000; and accruing accounts and $10,U00 July pay rolls.— V. 76, p. 10i4.
;
Standard Steel Car Co.— See Southern Car & Foundry Co.
above.— V. 76, p. 1147.
Tennessee Coal, Iron & BR.— farntnps, —The earnings for
the quarter and 6 months ended June 30 were:
Three
months.
1903
1902
total
profits.
....$i,18a,.-t35
6a9,850
mos.—
$2,135,475
1903
Fixed
charges.
Depree'n,
etc.,
ehgs.
$200,331
215,430
$116,6.^3
$399,833
432,966
$230,798
233,001
114,668
Preferred
dividend.
$4,966
8,277
Balance,
surplus.
$860,485
351,475
6
1902
1,275,746
$9,932
13,243
$1,494,914
596,536
—V. 77, p. 93.
United Box Board & Paper Co.— Earnings.— The net
earnings of the companies owned and controlled were in
June, 1903, |79,554; May, 1903, $83,589. Nearly one-half
of the company's maximum output for the paper year beginning Aug. 1, 1903, has, it is announced, already been sold
at prices much in advance of those for the past year.— V. 77,
p. 93, 40.
:
Samuel Carr, resigned.— V. 75, p. 195.
United States ttas & Electric Co.— See Bay State Gas Co,
above.
United States Light & Heating Co. of New Jersey.— See
Bay State Gas Co. ot Ddlaware above.— V. 76, p, 870.
Cn'ted States Realty & Constrnct'on Co.— O^ciaZ Statement. The following was given out on Thursday
—
The company had in bank this morning $3,385,201: the Fuller Construction Co. had on deposit $112,282. and the New York Realty Co.
$l84,6-9. a total of $3,982,162. These funds are in the City National
Bank. Western National Bank, First and Second nati )nal banks, Central Realty Bond <te Trust Co. and the Equitable Trust Co. The
amonnts In trnst companies are certificates of deposit running for
several months and bearing 3^2 per cent interest. This shows that
the company has no Immediate use for a large part of these funds. It
has no oblisrations om.standlng In the shape of rotes or bonds and lt«
assets, making due allowance for any doubtful items, are in exoess ot
$22.000 000. These assets consist nf stocks and bonds, $t),080.000;
mortgages on New York City real estate, $4,190,000; real estate
owned, $8,995,000. upon which there are mortgages aggregating
$6,625,01 0, leaving the net $2,870,000, and cash as stated above,
$3,982,162.
The company makes up a statement of its oondltion every month
and the figures for the eight months ending May 30 are complete, but
have not been published because it was thought desirable not to make
a statement except for quarterly periods. The figures for the nine
months ending Jane 3o have been made no and are beint: verified by
two firms of expert accountants, namely, Marwlck, Mitchell & Co. and
Jones, Caesar & Co. Their work will be completed In time to be submltted to the directors at their regular monthly meeting on Thursday,
July SO, and will then be made public— V. 77, p. 93.
United States Shipbuilding Co.— Forecfo««re.— The Mercantile Trust Co,, as trustee thereunder, has brought a suit
to foreclose the first mortgage, the interest due July 1 being
in default.— V. 77, p. 150, 41.
United States Steel Corporation.— i7t7ie« PooZ.— The "Iron
Age" says
The principal steel works of the oonntry. inolndlng the United
States Steel Corporation, Jones & Langhlin Steel Co.. Wheeling Iron
& Steel Co Cambria steel Co., Lackawanna Steel Co. and the Pennsylvania Steel aud Maryland Steel companies, have formed a billet
pool, which is to be handled in a manner very similar to the Steel Rail
Association. While the base price is $27 for billets at mill for Bessemer standard si/.es. the usual practice will be to make uolform delivered prices. For open-hearth ste«l an advance of $1 per ton is astablUhed. For carbons between 20 and 0*60 there is au advance of
$1 per ton, while billets above 0-60 carbon carry an extra of S2 per
ton. Sheet bar and tin plate bar tonnage are quoted $1 above billets
and blooms.— V. 77, p. 150.
,
Wakefield (Mass.) Water Co.— Purchase by Town.—The
citizens of Wakefield by a vote of 128 to 4 authorized the purchase of this company's plant and franchise for $i20,000.— V.
72, p. 884.
—The Engineering Company of America, 74 Broadway,
New York, makes a specialty of the yearly management of
plants and mines; also the supervision of installations requiron existing and
It also reports
ing technical service.
proposed railroads and other properties, and undertakes
tbeir construction. The company advertises that it is fully
equipped for undertaking commissions in any and all
branches of engineering, whether relating to these, or
mechanical, electrical, hydraulic, or other features, in the
United States, Alaska, British Columbia, Cnnada, Mexico
and South America. The card of the company is on page zii.
—The San Francisco "Investment Guide" for 1903, giving
a description, with income, price and dividends, of the companies whose stocks and bonds are listed at the Stock and
Bond Exchange, has been compiled by Rehfisch & Hochptadter, bond and stock brokers, 418 California Street, San
Francisco.
—
.
July
THE CHRONICLE.
25, 1903.]
^ht ^ommtxtml "^xmcs.
COMMERCIAL EPITOME.
Friday Niqht. Jnly
24. 1908.
Midsummer dulness has continued to be experienced in
many lines of trade, practically the only business experienced
being the delivery of goods on outstanding contracts. Although recent developments in the speculative financial market have? been such as to create increased conservatism
on the part of some buyers, the existing confidence in the
outlook for continued industrial activity has not been undermined. Itistiuethat in the iron and steel trades buyers
are holdiug back, but It is understood that they will come
into the marktt freely if they can get prices to a basis more
Labor troubles have
in accord with their ideas of values.
another favorable
and
themselves,
righting
steadily
been
crops, both
growing
for
the
pre
mising
outlook
feature is the
South and West.
Lard on the spot was easier earlier in the week, but on
smaller receipts of hogs than expected the market turned
Demand, however, was
steadier and recovered the loss.
7'853.
for prime Western and
easier
was
at
close
quiet. Tbe
lard was offered at
Refined
City.
6'5C@7 00o. for prime
lower prices, and at the decline business was more active.
in the
close was quiet at 8c. for refined for the Continent.
Specnlation in lard for future delivery has been moderatt-ly
Early in the week prices declined but later advanced
active.
on ehorts covering and a falling off in the hog receipts. The
The
close
was
Kat.
JolydelT
Sev^oiber
COTTON.
Friday Niqht, July 24 1908.
Ckoi' as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total reoeipts have reached 8 860 balett
against 60 4 bales last week and 14,832 bales the previous
week, m>ikiDg the total reoeli>(.8 Hlaoe the Ist of Sept., 1903,
7,625,499 bales, against 7,419 890 bales for tbe samp period ol
19J1-2, showing -^n increase alnoe Hep. 1,1902. of 205,609 bales.
The Movement op the
AMctpu
OF LABD VDTITBBB
Wed.
Tue.M
Hon
del'v..
7»7»«
8 05
7-75
October ael'y
7 75
7921s
7-62i«
IK OHIOAOO.
IKurt.
7-67ia
7-85
7-77ia
780
795
8O7J9
7-60
7-70
7*80
Sab. Pmw, Ar
^•w orleana.
«obll«
^^.
7-62>s
7-85
7-60
50@U
00 ,for
been
easier,
prices de
extra India mess in tcs. Tallow has
dining to 4i>^c. Stearines have been quiet, closing at 9o. for
lard stearlne
and 73^@7^c. for oleo
stearine.
Cotton-seed
has been firmer but quiet, closing at 43@ 483^0. for prime
Butter has been in full supply and slightly easier,
closing at 15(320c. for creamery. Cheese has been in fair
demand atd steady at 83^(3 1034^c. for State factory full
cream. Fresh eggs have been in fair demand and firm for
678
12
rrx.
13
3
69
231
389
1.721
841
10
854
6
4
1
12
1
Bninaw'k.Ar
1
itaaileston...
2
1
Boyal.*e
Pt.
26
VIlmtnKtoB...
Waali'ton.*r
Xorlolk ^^ ^.
25
3
17
fii
166
15
19
21
2
463
saltlmor*
203
PkUMiera, *e
Tot.thl? w«et
178
324
6H3
273
The following shows the week's total
Sept. 1, 1902,
to
Julj/ 24.
IMi
1,
1,721 2,298,531
214,961
166,938
12 1,297,108
130,622
2 209,659
241
185
38
463
203
Sew
York...
aoBton.
.
«>hll»(lei.*«.
4,193
3,873 2,247850
152 631
6
......
221,616
47,191
817
60,128
3,876
597 1,131 020
140 267
10 262 996
4,406
6,820
--*.
123
3,034
837
329,620
887
509 005
24,736
88.559
98,496
46,966
18
JTorlolk
M'portN.,*o
1,715
94.709
854
S4
1902
1903
1901
1,958 2,031.431
Jharlenton.
Bfiitimort
1902
69 2.091.635
154.105
*o.
lir'wiok,
1,
last year.
aiotk.
Minet itf
Shii
wetk.
3 860
1 107
1901-02.
ginetStp.
weak.
Sab.P.,Ao.
««wOrleaiiB
«abile
1.295
receipts, the total since
and the stocks to-night, compared with
1903-08.
Kutiptt
18
241
185
38
463
203
1
241
Rewa. Ac
!faw York
Soaton. ...» ~.
H'v't
P.Boyal.&o
<VUmtngton
(Vaak'ii, *o.
and $13
252
tavannali.
steady at 6J^c. for pickled shoulders, 12;;. for pickled hams
and 93^@10>^c. for pickled bellies, 14@10 ibs. average. Beef
has been dull and easier at $8(38 50 for mess, $8 50@9 50
for family
159
3
'talTOBton..
Fri.
36
Tfcwri.
Ac
•'enaaoola,
Pork has sold slowly and prices have weakened to $16 50
for mess, $15 75@18 00 for short clear and $17 50@18 00 for
family. Cut meats have been quiet but prices have held
03@10 50
*
Wta.
ftlM.
17
•aivaaton....
P>saoola,Ao.
tavannali..
for packet, $10
Hon.
ai-
easier.
|>AJLT OLOSINO PRIOBB
207
94
1.216
280
886
162
6,742
168 111
1.577
%n,iis
17
382
452.442
37,040
113.195
119.839
100,638
1,267
438
260
124
621
340
26,834
i)4.579
1,386
135,486
6,000
4,673
3,046
12,544 7,419,890
219.H60
233 059
5,10c
475
oil
yellow.
choice grades, closing at 18@ 183^c. for best Western.
Brezil grades of coffee have been dull and easy. The movement of the Brazil crop has continued heavy, but as there
has been no pressure to sell from the primal markets prices
have been slow in yielding, closing at 5i^c. for Rio No. 7 and
5;g@6c. for Santcs No. 4. West India grrwths have been
freely off red at declinirg prices; stocks have been large,
closing at 73^c. for good Cucuta. Specnlation in the market
for coiitracis has been dull and prices have weakened slightly
under a full Brazil crop movement. The close was dull.
Following are the closing asked prices:
4-300.
July
Oct
3850. Jan
_... 3-700
8-700. Nov
AngOBt
.«...« 3-950. Harota
44^o
4-260.
Bept......^
3 800. Dee....
May
4 55o.
Raw eugnrs have been quiet but steady; refiners have been
holding off as buyere. The close was at 3 ll-16c. for centrifugals, 96deg. test, and 8 3-16c. for muscovado, 89 deg. test
Refined sugar has been in good demand and firm, closing at
5@5'15c. for granulated. China cassia has been active and
higher. Teas have been steady.
Kentucky tobacco has been reported well held, but only a
limited volume of business has been transacted. Seed leaf
tobacco hns continued quiet, the few buyers in the market
limiting their purchases to small lots; prices have been barely
maintained. Foreign grades of tobacco have continued in
demand and firm.
Rf fleeting strongdr foreign advices, the market for straits
tin has turned firmer and prices have advanced to 27 60®
28c., closing firm.
Ingot copper has continued quiet and
easy, closing flat at 18>^@ 3}^c. f or Lake.
Lead has been
advanced to 4'3ii@4'50c., but business has been quiet. Spelter
has been quiet but steady at 5-87i^c. Pig iron has been quiet
and easier, closing at $18 25@18 75 for No. 1 Northern.
Refined petroleum has been firm, closing at 8 '550. in bbls.,
10'50c. in cases and 5 65c. in bulk.
Naptha has been unchanged at 12'40c. Credit balances have advanced, closing
at |1 56. Spirits turpentine has advanced and the close was
steady at 623^(d>58c. Rosins have been quiet at $2 00@2 05
for common and good strained.
Hops have been quiet but
steady. Wool has been in moderate demand and firm.
fair
i
3.8fiO 7,625,499
Xotala
In order that oomparison may be made with other yearsi
Wo give below the totals at leading ports for six seasons,
ficcetpt*
at—
1902.
1903.
18U1.
3^64
4alv«a'ii,*o.
69
New Orleans
1,721
ifobli*......
438
148
ill otliera...
864
12
2
54
18
241
889
4.879
fot.thUwk.
3,860
12,544
taTannab...
Jl]>M'tOIl,*0.
WUm'ton.Ao
Norfolk
v.NewB, *o.
1,958
3,873
6
1,267
1898
915
741
6,209
1,375
4,«51
1,811
1.316
1,394
31
2-3
235
46
636
355
1,131
1
1.602
7
4,681
3,600
5.508
1,248
6.743
2,157
1,313
24,533
27.954
7.372
9,728
10,638
S3
2.903
84
68
3,116
597
10
17
1899
1900.
548
347
iinee Sept. 1 7625,499 7419,890 7490.71b 6615,809 8881,825 8699.160
The exports
for the week ending this evening reach a total
bales, of which 1.358 were to Great Britain,
France and 6,261 to the rest of the Continent. Below
are the exports for the week and since Sent. 1, 1902.
of
to
7,619
Wuk
BIndino July 24 1903.
BxvorUd to—
«r«at
Ot%H- fatai
trm%tt
Jiiayarti
'raw-
Brtt'n.
fl«ni.
Gal veston
•
S65
5,294
...
6.650
.
Bmniwtck
....
Charleston..,.
Port Royal....
WUmlnirtoii...
••••••
N'port N.. Ac.
New York
943
643
24
43
24
43
....
1.C50
l.OSO
San Fraiu *o„
Total
Total IBOl-oa..
Jranta
Oaitt*
24,
1908
>••»!
M«nt.
956,396 849.742
49.142
69 039 12.438
195.941 60,664
1C6.719
16.560
621.400 1.635.805
76.731
lis 839
780, 1&6 2.086,628
66.476
104,618
68.261
144,788
753436
999.961
e.8«o
113.579
88,523
104.083
187 .6«
14,084
760
210.586
324.S68
41.216
18.150
481,002
7,495
149.i!30
86.878
113,414
••••••
Norfolk
PlUladelphia..
Bnitin.
37.ioe
Mobile
Peuaacola
SaTannah-....
Boston
Baltimore
1, 1902. (0 July
Bxporttd to-
Sept.
"685,498 388,997
••••
Sab. Pass. &c..
NewOrleana..
from
1.35S
6,38d
2.43a
183.702
8.342
13,727
11.444
18.485
868.067
142,335
17,369
71.53ii
6,0VU
46.797
35 190
065
2.0Mfl
47 883
128.85S
194,048
6,261
7,619 8.627.201 781.803 8,034.4';3 6.643.436
22.017
31.785 3.007.762 737.684 a.751.714 6,497,140
.
In Addition toaboTe exports, our teiegrama to-night also
give aa the {oUowingamoanta of oottoD od shipboard not
cleared at the ports named, We »dd simUar 6gor<»» for
New York, whlob are prepared for our speota) nse hy Messrs.
Lambert
^
Barrows, Produce BxchROKe HuUdlnp
Hew Orleans
3
BalveatoD..
Savansab.
•
...
Charleaton...
Mobile
Horfolk
New York...
Otlier ports
Total 1908
"300
300
250
~8"604
3,302 "8,957
4,060
I
17,999
29,192
I
17
100
417
100
1.298
648
«c«s
ttCO
00 •]
«J00
4,614 2.81P 6,535
2.109 11,^00 14.914
1,679
9 7i7
3.741
6,973
I
«
I
I
9
>
I
!
I
I
I
200 394
19,466
19.187
213873
45,2:^3
3^0,432
were netded in Texas and Oklahoma, and
on bidding by ball interests prices were advanced. Towards
the close the market again weakened and final prices were
2@ 15 points lower for the day. Cotton on the spot has advanced, closing at 13 50c. for middling uplands.
The rates on and off middling, as escaonshea Nov. 20, 1902,
by the Bevlsion Committee, at which grades other that)
niiddling may be delivered on oontraot, are as follows.
Falr....^
..^„o. 1-30 011 Oood Middling Tinged ..o.
Bves
0-96 on Strict Oood Mid. Tinged.. 0-80 on
BClddllag Falr...^^
Middling
0-62 on
0-44 011
Low Middling
Low Middling
Strlot
eood Ordinary
€K>od Ordinary....
014
ofl
0-38
0-73
1-00
off
off
ofl
Stnot Middling Tinged.... 0-06 ofi
Middling Tinged
013 ofi
Strict Low Mid. Tinged... 084 oti
0-50 ofl
Middling Stained
Strict
Low
106
Mid. Stained...
Low
ofl
1-50 ofl
Middling Stained
On this baali the offlclal prioes for a few of the grades foi
the past week— July 18 to July 24— would be as follows,
OPLANDB.
Sat.
Oood Ordinary..^
Low
'
mon Taes
\red Th. Frl.
11 50 1175 H-75 12 25
13 12 12-37 12-37 Il2->i7
12 SO 12 75 12 75 13 2".
Ici-I9 iii'l9 Itf t9
13 46 1371 18-71 14 21
Middling...,.
Middling
Bood Middling
MlddUng Fair
eULF.
•ood Ordinary.
Low
Middling..
Middling
Oood Middling.
Middling Pair..
12 50
ia-l2
13 o
|13-94
|l4 46
men Tuea Wed Tb.
Frl.
11-75 12-00 1200 12 90 12 75
12-37 12 63 •2 «2 13 12 1 3-.?7
12-75 13 00 13 00 1313 75
^sl9 1.^-** lo44 Id 94 1*-19
'.3
1371 13 96
U6 4 46 14 71
12 75
Sat.
a
I
I
I
I
I
«
I
'
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I
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coco
CCCD
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WO"
0-.
cn-a
Ci-O"
ir CO
I
I
coco
coco
coco
coco
coco
00 to
000
Om M^
CO»J
9
I
13
:17
13 75
1*
19
14-71
®l
I
9
9
.
I
OCD
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coco
I
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to to
9
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9
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i
9
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coco
MO«
9
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Sat.
non Tnea Wed
Tb.
Frl.
12 00
130>>
13 16
13-50
12 00
coco
ec
00
*kM
9
to ta
9
K(0
00
CO<l
CO
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9
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to
ccco
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to to
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to
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to '£
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ex
Xhb Visible hupplt of Uotton to-night, as made np bj
and telegraph, is ai follows. Foreign stooks, as well
the afloat, are this week'i rettims, and oonseqaentiy all
foreign Qgnres are brought down to Thursday evening.
But to make the total the complete Bgurea for to-nlghl
(July 31), we add the item of azports from the United Statei,
inolading in it the ezporti of Friday only.
jable
u
Siook at Liverpool,
.balei.
Stock at London
...>...
Total is^real Britain etoc)
ttook at Hamburg.............
ttook at Bremen .... ...„ ......
•took
Stook
ttoek
(took
Itook
Itook
<took
(took
1903.
1902.
1901.
1900.
431000
631000
579 000
8 000
587 000
22 000
818 000
15 000
19 000
44b,0U0~ 6.-1 o 000
22,0u0
28 000
148 000 108 000
at Antwerp
at Havre...,^ .-..>,.......
at MarBellles....
„
at Barcelona
at Genoa
at Trieste . ...... .......
84,000
9 000
3^7 000
33 000
136 000
ICOO
at Amaterdam.... ......
at Bottardam
4 000
4 000
111000
12^ 000
8,000
22,000
21,000
15,000
3 000
vOO
200
3 000
3,000
119 000
3,000
38,000
29,000
119 000
4 000
30 000
40,000
30 000
11 000
6 000
17 000
319,ti00
299 ><
9b9 lOo' 8^6 300
44 000
56 OuO
d'.OOO 151,O«0
i-,ooa
22 000
95 000
60.000
41SC100 6*7 000
2 {3,<>,i9 365.6^5
79.993 180.963
9,M3
9 T03
7
000
359.200
Total Oontlnflntalatooks
352 000
Teiai European stooks.... 7»8,tOO
68»,200
28 000
jiidla action afloat for Eorote 112 000
imer.oottonafloatforE'rnre.
83,000
46,000
12 000
gypt,BraxU.Ao.,aflt.;or E'pe
16 000
67 000
21 OOO
Stoflk In Alexandria, Egypt...
290,000
jtook In Bombay. India
547.000
145,638
Stook In United States ports.. 2 9,860
53.408
22,5'<6
Itook In D.B. Interior towns..
2.476
6,2 8
dnlted States exports to-day.,
Total Ttelble supply
..1.786,664 1.911,570 2.276,521 I 3a7,722
Ot tke above, totals of Amerloan and other descriptions are as loUows
Av\ei^ean —
531000 451000 227 000
laverpool stook.._
hales. 339,000
Jontlnental stooks
269 000 260 000 223.000 825 OCO
,,
ISi.OOO
67 000
83 000
kmerloan afloat tor Europe...
45.000
219,8cO 2o3 059 365 6 5 145,638
anlted States stook
79,»<»3
180,9>13
63,408
22.586
dnlted States Interior stooks.
a,476
9 ,703
6.2i8
9 518
anlted States exportsto-day..
836,522
Total American
800.664 1,1&9 570 1 38 1,321
Matt Indxan, Braatl, *t.91000
92 OCO 100 000 128 000
olTerpoointook........
«
9 000
19 000
8,000
15 000
U>ndon stook
34 200
50,000
76 200
S3 000
Jontlnental stooks
..
..
28.000
46,000
1 12 000
56
!ndla afloat (or Europe
13.000
22U00
1 5,000
16,000
gypt, Brasll, Ac, afloat
6
',000
95 000
21000
60 000
Stoflk In Alexandria, Egypt...
415 000 627 000 390 000
547 0(
ftaok In Bombay, India
886 000 722.000 896.200 531.200
Total Bast India, *fl.
900.664 1,189.570 1,381 32l 836,522
Total Amerloan.......
Total risible supply.
1.786 664 1,91 1,570 2.27« 5 a 1,367,722
66-Od
Middling Upland, Liverpool..
42Tsad
4133i<l
lOiiieo.
13-500.
9 ago
h»eo.
Iflddllaff Upland. New York..
7'>8(1,
6Bed.
69 «d.
BgTPtObod Brown, Liverpool
7)«d.
9-OOd.
7d,
.d.
Pernr Bongh 6o(d, Liverpool
4ii,6d.
4»,6<15%d.
613,od.
Broaob Fine, Liverpool.....^
od.
tlnneveliy Oood. LlverpooL..
4^d.
43i«d,
68iGd.
bales.
have
been
78,000
||9~ Continental Imports past week
The above flgares for 1903 8how a decrease from last week
of 127,091 bales, a loss oi 124,906 baits from l902, a decrease of
489,857 bales from 1901 and a gain of 418,942 bales over 1900.
:
1
BlAiNBU.
a
V
•
iiTil
»»<
«oao
9
I
CD CO
01 cn
CD CO
167.611
6.914
<
effect that raind
Good Middling
«C0
a
•
^
ft
I
!
•
tc to
;
Strlot
!
•
»<0
I
817
1«2
Speculation in cotton for future delivery has been epiritlesf in fact early in the week the market was dull.
Oaly a
small Bmonnt of outside speculative interest bas been shown
in the maiket, most of the trading being confined to operations by the New Orleans bull cliqa» and by the regular
traders. Early in the week only sli^Lt fluctuations occurred
in prices, lieithn buyers nor sellers being dis^Ofed to be
aggresfive. On Tuesday the weekly retort of the Governmenl's Weather Bureau was issued, and reported the prospects for the crop a^^ promising, prompting moderate fhort
Belling for room traders.
The bull clique, however, becnme
aggressive and closed prices higher for the day, Liverpool
made a good response to the improvement in the New York
market and reported fair sales of spot cotton to spinners at
higher prices. It also was stated that a pn minent American
operator In cotton who is now abroad took the bull side of
the market in Liverpool on the theory that the re shipment
of actual CO* ton bncK to America could not be spared.
Re
ports from New England have reported further closing of
cotton mills, dUe to the high price for cotton, and it is tberefore cla<med that the consumption of cotton Irom now on
until the new crop begins to move freely will be much reduced. To-riay there was a weaker tu n to prices early.
Beneficial rains were reported in the Southern Mississippi
Valley. Snb.-eqoently, however, repotts were beard to ihe
Strlot (KKJd
!
1
5
n
I
CCCD
Total 1902..
Total 1901
!
f
'.
4.30f;
'*600
45
I
••H.ito.i
i!
:
Vi.
"s'oo
il
i
itoek.
400
..
••4.1
•
426
York.
§587
ad
I*
Total.
8,154
New
SgQSO
I
2.? 57
3,302
3,660
Oi^er
For'gn
aer-
man>
closing prioes at
OD
AsavtHi
ereai
Britain Ffnee
LXXVII.
[Vol.
Futures.—Highest, lowest and
on BHITBOAJIO, HOT Ol^MAAaD FUBJuly 24 •<-
»
.
THE CHKONTCLE.
208
•
Lott Middling.................
..._.
MIddllEg
Low
..
Middling Tinged.
Oood Mtddllnf! Tinged.
tirlct
11-00 11 25 1125 11-75
12C0 12-25 12-25 13 75
12-16 1241 12 41 12-91
12 60 12 75 12-75 13-26
13 00
13 16
13 50
The qnotatlons for middling upland at Ne^ kort- on
July 2i for each of the past 82 years have been fm foUcv s.
1879....o.ll%
1898.
0. 7
1887....C10H
1903....C.13-«0
11 Bs
7
1886
1878
1902
Hi8 1894
89i9
12»4
1877
1893
1901
Mie 1885
10>S
8H
714
11
1884
1876
11 "18
1892
1900
10>fl
1899
1898
1897
8»ia
6i,H
7
A
e
1196...... l»v;
8
lS6i«
ll>4
ion,,;
1891
1890
1889
1888
1888
1682
10
12Slt
18m
11
1
nil
1880
1875
1874
1878
1873
1479
17
21
S2
MARKET AND SALES.
B4l.«8
SPOT Markbt
OlX>«ED
Bamrday
Monday .
.
Qaiet
.
Ibnrtday. Dnll, 25
Friday
DaU.
Total
OLOHBD
Quiet
qalet,25ptfl.ad. Qalet
Very steady.
Tneaday
Wedneeday DnU, 60
.
Majk&bT
pta. ad.
pt«. ad. B'rly steady.
Bteady
•
1
•
1
<»f
«POT *
';uif»:
Con-
Oon-
$umr>-
Iraet.
70
125
1
;
fliUi
,
70
4,206
4,326
"47
206
"51
2C0
1,100
1,147
293
6 500
6,793
"51
•
1
K-
,
THR CHKOWHJLK
.
July
25, 1903.]
—
Towns the movement that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorrespotidinK period of 1901-Oa— ia set out in detail below.
At thk
Interior
..
.
209
Quotations for Middung Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
ind other principal cotton markets for each day of the week.
ending
July it
QUOTATIUHS FOB MIDDUHO OOTTOH OH—
0IX>SIIfO
I
WeeJc
Glalveeton. .
!few Orleans
MobUe
gatur.
Thu.
Jfon.
Wedne*.
Thuri.
12
12
12
12
12~
12%
12^
12''fl
13
isa»
Fri.
12
I3l«
Nominal. Nominal. Nominal. Nominal. Nominal. Nominal
Savannah..
ivia
I2>«
I
IvBn
via
•-"8
\di«
Charleston. Nominal. Nominal. Nominal. Nominal. Nominal. Nominal.
Wilmington. Nominal. Nominal. Nominal. Nominal. Nomlnul. Nominal.
1- ^
12
12
12
12
Sorfolk
121-2
12-78
18-25
1275
12 50
IX -.10
1260
Boston
13
13
13
IS
Baltimore .
131a
13ifl
1.1-00
13-60
13 00
la-76
Philadelphia 12 78
1^78
I'J
13
13
13
13
Augusta
13
I'lSjg
1211,,
121318
Memphis
I'^'ie
l^'lB
12»,e
121.2
12ifl
12»t
St. Louis
12»fl
1.1a
121a
12
12
12
12
18
aonston .... 12
11
11
11
11
11
11
Olaolnnatl
—
Little
wa
OD
1—
»J
M
»o
ta
Rook
im
11%
lUj
lUt
llifl
lHa
The closing quotations to-day (Friday) at other Important
Southern markets n ere as follows,
12i«
Nashville
ColambuB.MlBB 12 \
Athena........
Natobes
Eutanla. ....... .....
12 is,,
12^
Itlanta
f
ISia
Charlotte
Louisville
Montgomery... 12i«
Oolnmbns, Oa. 12 la
Raleigh
Shreveport
13
lai,.
New ORLEANS
ccm; MKiwo:
Mffiifk.'
^ IOC*, to*Od' t?©^ corocM cox if^«oi-'-a»a' ocj>-joo.
ijo:
«
CO
t^'
:
M
;
;
.
.
:
OCCO
Option Market.—The highest, lowest and
closing quotations for leading options in tne New Orleans
cotton market the past week have been as follows.
eo;
»j>>-.
^O^fO',
ceo
*'9ll^J"^01<D^
'.
OICO
Monday, Tue$day, W^ed'day. Tkur*d'v Friday,
Jtily 20
July 21 July 2 1 July 23 July 24.
Sat'day
July 13
00;
CO
b3 Jf
July-
—
Range .... 13-00» -
Closing
•
S;
!
cei-50!^
•
©;
«
»o
;
mmm*
<jm;
A.UOD8T—
Range
S3
.
. .
13-00
»
—
» - 13-20®
13-069
—
—
— «—
-
•»
12-75® 80
12-78® - 12-95 »
ennBing... 12 75»
<»
-81 IS-GO* — 13 609\3-aoa S5 13 609 75 13 60a-60
32 13-26
13 30a>
-
'310 9 -21 13-eO'OO 8 -40 9 -70
la -20 9 -23 ia60«-75 13-489
—
Sept'bebapcocco>>-*4t^>o^^ocoa^©«4l» .^w^ o<ac7CO<'^ccco;wcno>»
a«ft; — c<;co3>'-'»»i: u>4[^_(oooa<ijL >-'yy^^i''yp^pP^^P^
c^'w-Vjoe •o'xIo^'k O » w'iuVi\:'ob'®'''^Vbo-j"to y> wabooD :;'flD
Range.... 10 42» 49 10 43 9-80 10 499-68 10-72 9 01
Closing... 10 47« 48 lU 45a 46 lU 65 9-66 11049 05
^5R
Dkc'bkb—
Range
OB
escd!
en;
-3
00 1^ -"X ^^ to * M <] to CO
m
c^ata
^toO(oack3tootoi9>^ "
cMm-JOOco-
O" ^ItOOOOVtOCOic ~JOOIOOOOvj<C»C-JC^tCCO —
co;
oo
O)
co
co
j
<IX60
l^*
so
WW*
Closing..
^3»'
oo
m oi^ O © oe » c^ w » oo
^Moox! *flflBccao3&50ooo<'*^c^M — io*-''.D''C;icocao
o
»«co>c^ia c ix^io^co^ooacT i^oaoi»oc 00 ;yks
looo'- oo'ai
8];>ots
ooi"V> Vo'-j'h-m'*
Options...
to
ex
w
*
The above totals show that the interior stocks have .ieerecwed during the week 3,188 bales, and are to-night 57 407
bales less than same period last year. The receipts at all the
towns have been 1,823 bales lean than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give ueiow a statement showing the overland movement
for the week and since Sept, 1, as made up from telegraphic
reports Friday night,
The results for the week ending
July 24 and alnoe Sept, 1 Id the last two years are as follows.
We
180^-03.
1801-02.
July 24.
W**k
ar«c*
9
88
««»<.
9-34W 40 9-36«-42 9-409-50 9*52«-6f 9 53 9-74 9-48«-62
»-37» 3i" 9 37®-3B 9-47'9 48 ^649•6^ 9 36 9-67 9-529'63
rOMH—
^5
»-•"<»'
87
9-62U 51^ '63»-68 9-669-68 '»7l'»-8» 9-75-9-97 9-e89'81
Range
Closing... a-55«-5f 954»-6."i 9 689 67 9 869-67 9'779-7e 9 739-73
ft
•
1O-7l»04
OOTOBKB—
UiQD_-CQ^Or->-JLfl6*x;c^0:00l>a~N3fl6C^i^^»-^C*^^O:QD^O
*
98 9 -36
0'98 4-99
1
1
Nominal.
Quiet.
»t»*ady
Steady
Steady.
Steady.
Steady.
Steady.
Qolet.
Firm.
Quiet.
Steady.
Weather Reports by Telegraph.— Telegraphic advices
to us from the South this evening denote that there has been
a continuance of generally satisfactory weather conditions
during the week and tbat the orop is developing well, and
many of our correppondents report further improvement.
Dry weather has prevailed over a large part of the cotton
belt, and where rain has fallen the precipitation has as a rule
been light. In Texas, as well as at some other points, it is
claimed that moisture is beginning to be needed.
Oalve^ton, Texas. Cotton has grown rapidly during the
past four weeks, but after three weeks of dry and forcing
weather good general rains are needed. Rain has fallen on
one day of the week, the rainfall being sixteen bundredths
Average thermometer 85, highest 91, lowest 79.
of an icch.
Abilene, Texas.
We have had a trace of rain on one day
during the week. The thermometer has averaged 84, the
highest being 99 and the lowest 68.
Corpus Chrtsti, Texas. There has been no rain during the
week. The thermometer has averaged 82, ranging from 74
—
—
Via St. Louis
Vl« Cairo
Via PadDoah. ........ ...........
Via Rook Island.................
Via Louisville
Via Olnolanatl
Via oUier routes, Ao
Total groM overland..... ......
Deduct «Vtpm«ntt—
Overland to N Y., Boston, *c..
Between Interior towns.........
Inland, Ac, from Sonth.....
Total to be dednoted....
702
94
"257
140
268
743 652
208,338
2. 98
29.605
162,120
3«.6'9
269,317
1,461 1,441.849
889
F02
497
814 004
152,100
I,lw2
....
-
125
77
852
83 093
193.786
90 928
S49.293
2,353 1,634,396
1.345
""l4
208,856
49 947
66,075
903
324,877
2 835{
"980
368,151
8/,< 3
66,f«l2
496,294
558 1,116,972
• Including movement by rail to Canada.
Tbe foregoing snows that the week's net overland movement
khis year has been 658 bales, agalLBt 28 bales for tb*
week in 1902, and that for the season co date theaRgre^ratenet
overland exhibits a decrease from a vear aeo of 21,030 hales,
LeavlTie total net ovf>rland*...
28 >1,)38,<02
1902-03
1901-02.
In Might and Spinneri
lakinu:
w«<*.
Mint*
Sine*.
mtt.1*
—
to 90.
Cuero, Texas.— Dry weather has prevailed
all the week.
averaging 89.
Dallas, Texas. Td«re has been rain on one day of the
week, the rainfall reaching forty five hundredibs of an Inch.
Average thermomettsr W3, highest 97 and lowest 66.
Henrietta, Texas. — We have had no rain the past week.
The thrrmometer has averaged 88, the highest being 108 and
Thermometer has anged from 72 to
—
the lowest
j
68.
Huntaville,
Texas.— It has rained on one day of the week
The thermometer has averaged
to an inappreciable extfnt.
79. ranging from 63 to 95.
Kerrmlie, Texas —We have had dry weather all the week.
The thermometer has rauged from 60 to 95, averaging 78.
Paris, Texas,— There has been no rain daring the 'week.
Average thermometer 79, highest 100 and lowest 57.
San Antonto, Tex, — We have had no rain the past week.
The thermometer has averaged 82, the highest being 96 and
the lowest 68.
Receipts at ports to July 24
Net overland to July 24
Boatbem consumption
to
July 24.
Total marketed
iBterlor stocks In excess
Came Into
Total
sight during
m slKht July 24
3,860 7.625.49» 12,54i 7,419,890
558 1,116,972
28 1,138.0(12
38 000 1.8 §4,000 87,Ofio 1,693.000
42,418 1082(34711 49,'S72 i025u8 '2
140.492*11.1-3
*3.188
1 49,272
week.
105859*9
10201620
North'niplimers'tak'gsto July24
3 033 2,070,.'i43
9,309 2,082,406
* u»Li »-»«» .iur\urf WMAK.
f Less than Sept. 1.
Movement into sight in previous years.
^ttk—
Balea.
Bint* Sept. 1—
Bale*
1601-July 28
10.225.037
„ 49.003 1900-01- July 26
190<;-July 27
61,144 1899-00- July 27
9,002
9 >2
„
ISflW July 28
30,829 1898-99- July 28
.11 063.295
IS98— July 29
,,, _,
23,830 1897-98— July 29.. ...^10,931,031
—
Weather ford, Texas, There has been no rain the past
week. The thermometer has averaged 85, ranging from 69
to 101.
Brenham, Texas.— There has been a trace of rain on one
day of the week. The thermometer has ranged from 68 to
averaging 84.
Longview, Texas.
99,
3J,4t9
39,230
97,
—
We have had no rain the past week.
Average thermometer 81, highest 104 and lowest 58
Lampayas, Texas,— Thtre has been no rain during the
week. The thermometer has averaged 83, the highest being
100 and the lovrest 61.
Luling, Texas. — Dry weather has prevailed all the week.
The thermomettr has averaged 83 and ranged from 70 to 94.
Palestine, Texas,
There has been rain on one day of the
past week, the rainfall being twenty two hundredths of an
—
:
THE OHKOMCLE
210
incb. The thermometer has ranged from 66 to 94, averaging 80.
Aeu? Orleans, Louisiana, There has been no rain during
the wefk. Average thermometer 85.
Shrm-eport, Louisiana.— We have had rain on one day daring the week, to the extent of thirty-seven hundredths of an
inch. The thermometer has averaged 8i, the highest being
97 and the lowest 71.
Oreerit'ille, Missiisippi.
The weather has been favorable
the past «vet?k,
Coiuvibus, Mississippi. There has been rain one day of the
week, the precipitation being twelve hundredths of an inch.
The thermometer has averaged 75, ranging from 54 to 96.
Leland, Mississippi.— \Y^ have had no rain during the
we«k. The thermometer has ranged from 62 to 89, averaging
—
—
—
77'4.
Vieksburg, Mississdppi.—Crops are doing fairly well but
are not frnnting as ttiey should in July. Tuere has been but
a truc-^ of rain duriog the past week. Average thermometer
Bi, high-st 94, lowest 70.
Little Rock, Arkansas.— Crops are improving very much.
It has rained on two days of the week, with rainfall to the
extent of siztytbree hundredths of an inch. The thermometer has averaged 83, ranging from 69 to 94.
There is no
Helena, Arkarisas.— Crops are doing well.
coiuulaint except that labor is scarce. There has been rain
on two days of the week, the rainfall beiog elghty-taree hun-
[Vol.
LXXVH,
India Cotton Movement from all Ports.— The receipts
of loicoD at liombay and the snipmouCs from aii India ports
for the week ending July 28, and for the season from Sept. 1
to July 23 for three years have been as follows:
1903-03.
«Mcip(t at-
Binet
ir*<At.
Bombay
1901-02
10000 2,450.000
for l*< Week.
Qreat
BHtain.
Oontintnt.
'lombKv—
1902 03..
21.000
4,000
1901-02..
1900-01..
)»loatt»—
1902-03..
1901-02..
1900-01..
1902-03..
1901-02..
1900 01..
illotherg—
1902-08..
1901-02..
1900-01..
6,000 l.S97,000
Mine* Septemlter
total.
Oreat
Britain.
Oontintnt.
1.
Xotal.
76.000
9,000
67,000
882.000
489.000
554.000
958.000
498,000
621,000
4,000
1,000
4 000
6,000
8,000
4,000
41.000
45,000
SS.UOO
49.000
48,000
42,000
2,000
2,000
8,000
2,000
8,000
19.000
17,000
27,000
12,000
25,000
24.000
3.000
12,000
146 000
103.000
113,000
170.000
106.000
125.000
1.000
3,000
4,000
1,000
2,105.000
Minit
Mtpt. 1.
21.000
4,000
1,000
1,000
••
With.
Mtpt. 1.
8000
Alport 1
from—
/Binet
W*$k.
Hept. 1.
1900-01.
1,000
2.000
3,000
4,000
10000
_i".r.!ii
dredths of an incb. The thermometer has ranged from 65 to f ot«l ftU—
1902-03..
95, averaging 80.
29,000
28.000
113.000 1,091,000 1.201,000
1,000
l»01-02..
8,000
8.000
17.000
647.000 684 000
ileritphxa, Tennessee.— The crop, though late and backward,
5,000
5,000
91 or>o
772 >>no
"13 000
We have had 1900 01..
is clean, well cultivated and improving.
rainfall
beiog
showers on two days of the past week, the
According to the foregoing, Bombay appears to show an
four hnndrtdths of an inch. Average thermometer 82*1, increase compared with last year in the week's receipts
highest 93-9, lowest 72'3.
of 2,000 b'iles. Exports from all India ports record a gain
Selma, 4/at>ama.— Crops continue to improve and are being of 21,000 bales during the week and since Sept. 1 show
well worked. Sbowers have fallen on one day during the an increase of 540,000 bales.
week. Average therm imeter 78, highest 95, lowest 65.
Alexandria Receipts and Shipments of Cotton.
Mobile, Alul^ma, Weather has been hot and dry in the
Tbruugn arrangements we maae with Messrs. Uavis,
interior and cotton is deveiopiog well. There has been no
rain during the week. The thermometer has averaged 83, Benaohi & Co., of Liverpool and Alexandria, we now
receive a weekly oable of the movements of ootton at
ranging from TO to 96.
Montgomery, Alabama.— Crops continue to show satisfac- Alexandria, Egypt. The following are the receipts and
tory imurovtment.
We have had rain on two days of the shipments for the past week and for the oorresponding
week, the precipitation being twenty-nine hundredths of an week of the previous two years.
inch. Thj thermometer has ranged from 70 to 96, averAlexandria Egypt,
1902-03.
1901-02.
1900-01.
aging 83.
july Tl
Smyrna, Georgia.— Crops are doing well. We have had
Receipts (oactare)*—
raiii on one day ot the week, the precipitation refaching two
Thl» week
1,000
10,000
hundred ihs of an inch. Average thermometer 78, higest 90,
Since Hept. 1
6.741,000
6,168,000
5,442 000
lowest 65
TKxt
Hinti
Stnet
rAts
Binet
Savannah, Georgia.—There has been rain on one day the
vattk
tept.l. toe (A
wttk. Bept. 1.
iept. 1.
past week, the precipitation reaching seventy hundredths of
an inch. The tbermometer has averaged 83, ranging from Exports (bales) —
i'o Liverpool
1000 349 000
'20 000 2.000 316 000
71 to 96.
To Contlnentt..
2,00U )92.OO0 1,000 S05 000 2,000 385,000
Augimta, Georgia.— Crops are progressing well. We have
Total Europe.
had only a trace of rain during the week. The thermometer
3,000 741,000 1000 825 000 4 000 651000
* A attntar la 98 poande.
baa ranged irom 67 to 96, averaging 83,
Of wbloh to Ainerloa In 1902-03, 81,598 bales; In 1901-02, 102,357
Charleston, iiouth Carolina, The week's rainfall has been
bales; in 1900-01.51,321 bales.
twenty-three hundredths of an inch, on three dajs. Average
This statement shows that the receipts for the week
thermometer 84. highest 93, lowest 74.
Stateburg, South Carolina, There has been no interrup- ending Jub 22 were 1,000 cantars and the shipments to
all Europe 3,000 bales.
tion to farm work, but labor i3 markedly careless and intffi
cient, necessitating a closer wttchfulnees and more constant
Government Weekly Cotton Report.— Mr. Jamee
ovtrsight than ever before. We have had rain on one day Berry, Cbiet of the Climate and Crop Division of the
United
during the week, to the extent of thirty six hundredths of an States Weather Bureau, made public on Tuesday the teleinch. Tne thermometer has averaged 81*5, the highest being graphic reports on the crops in the
Southern States for the
95 and the lowtst 69.
week ending July 20, as follows:
Charlotte, Mvrth Carolina
There has been but a trace of
North Oaeolina.— Cotton still late, but doing well, blooming free
rain during the week, The thermometer has ranged from 67 Ij, ti lOB clean.
South uakolina - Cool nljthts checked jfrowth of ootton. -whloh,
to 94, averaging 80.
Is j?eueraUy improve 1 and now blooming and fralting,
Tne tollowmg statement we have also received by telegraph, however.
tb'>ugh still 8mail and somowhut crrassy.
abowlng the height of the rivers at the points named, at
GkOROiA.— Ootton continues emill anl late, bat growlnsr rapidly,
3 o'clock July 23, 1903, and July 24. 1902.
many tie d^ yet graosy but oaltlvation pa^bt^d, very little bloom and
iralt, some Bbeddlng ana black root In scattered section*.
FLOBiiiA..— Cuttou advancea. though some plants small and fields
July 23, OB July 34 'OS
grasfy; trultlixr fairly well; few complaints of ru-<t and shed ling.
Feet.
Fe*t.
ALABAMA — Ootton comparatively clean. welMlmbed, growing nicely,
8-5
18-4
Hew Urleuu^^ .—.^ Jibove sero of gaage.
thniiKb fi iiitlDg slowly; much cotton laid by.
20-8
160
Memphli..^...^..^ .Above sero of gauge.
Mississippi.— Uotton late but growing rapidly; blooming freely,
3-9
Above sero of i?»oge.
19
MhvlUe..
~
loohK beat' by; considerable laid by.
5-4
Above aero of gfto ge.
78
Ibrevepon
..^
Louisiana —Ootton generally clean and growing rapidly; fruiting
21-4
285
IflksbarfT
Above >ero of gange
well In some places, but irrcKUlarly in otbers.
Texas.— Ootton makiut? very rapid growth and fraitlBK fairly well;
New England Cotton Mill Situation.— Curtailment of bolls beginning to open In extr«me southwestern portion fields genproduciioii in the Fall River mills has further advanced, erally clean boll weevil dolug very little damage.
ARKANSAS.- Ootton growing rapidly, forming and blooming well,
thtre being about 600,000 spindles idle this week,
some beluK laid iiy.
Tknnbsskb.— Cotton still small, but now growing rapidly.
Manchesteb Market, Oar report received by cable
Oklahuma AND Indian Tbkeitobiks.— Rain needed for ootton in
t>night frum MaucDe.-iter stHtea that the market is steady Oklahoma; cotton blooming and making fair growth, but mostly
smalt and late.
for yarns and firm for shirtings. Maciufacturers are g nerOotton growing well and blooming.
ally complaining.
We give the prices for to-day below and Missouri.—
These
reports
on cotton are summarizei by the Department
leave those for previous weeks of this and last year for
as follows
comparison.
Farther Improvement In the condition of cotton Is general through-
—
—
'
—
1
—
—
;
;
—
1902.
1908.
Oott'n;
J -V'
Twist.
d.
^
's.
d.
B.
•
UpUU
d.
11 08 10
«9>«
•9i« it IU>a98 9
•'
'26 9
Jiily3 8''« •9*8 '6 9>«»8 8
'•
10811, 699»« 5 &i«98 6
" 17 8\ «»a»i9 B 9 OS 6
•' 243
f>9>« 5 10 ©8 7i«
J'el99
_„
common ^^- ^V. ^P"
Tvntl.
****«.
to fint$t.
6-78
a-96
6-64
6-50
6-44
660
4.
7»8
|8>« Ibi. e/txri-\ VotfTi
Mid.
\<no»,
Upldt
to finest.
common
8.
«b^
7»8 «3ie
78s OSifl
738 ©SSia'S
788 •»>« |5
15
73ie f»8
d.
B.
9H
d.
4293J
5
6182
O
OS o
«>8
«8
3
2
5
f»71olg 5»32
•7
9
I
4273a
out the cotton bolt, although it Is grassy over a lar^e part of the
eastern districts. Cool nights were somewbat detrimental In the
Oarolinas, and need of ram is begiunlng to be feU in Oklauoma.
Wbila rapid Krowih is reported from nearly all districts, the crop continues late; ii.ls well cultivated in tbe central and western disiriotB.
Boll weevil are reported as doing very little damage in Texas,
Jute Butts, Bagging, Ac— There has been an inactive
market for jute bagging during the week, but prices are
nominally unchanged at 6^c, tot.1% lbs. aod 80. for 2 lbs.,
standard grades. Jute butts continue very dull at l)j|@lMo.
for paper grades and 2@23^c. for bagging quality.
July
THE CHRONICLE.
25, 1903.]
211
The price* are given in pence and
First Bale of 190S-04 Crop Sold at New Yokk —The 5 C7*
fi7-100d.
67-lOOd
was
wnic-.n
shipped
from
crop
new
the
of
cotton
ot
first bale
Zapata Co., Tex., Jnly 14, arrived at New York, Tuesday. Jaly
Rfon.
Tnea.
Sat.
21 and at 12:15 o'clock was sold at the door of tne Cotton
July 18 July 20 July 21
W.
Geo.
Cnmming.".
Mr.
pound
to
Exchange for 263^c. a
12% 1 12i« 4 12>a 4
The bale waa first sold in Galveston to W, D. Cleveland &
P.M. P.M. P.M. P.M. P.M. P.M.
Sons cfHoustoD, Tex., who shipped it to Latham, Alexander & Co., of this city. The cotton graded nnneually high.
d
d.
d.
d
d.
d.
LMst year the first bale of the new crop reached this city on July
6 18 6 186 15 S13 6 17 6 20
July- Aug... 6 1.'. 6176 14 612 6 16 6 19
July 2.
Aa^.-gept... 6 10 6 14^6 11 6 09 6 13 6 1«
Jute Crop of India.— The following summary of the pre- rtept.-Oot.... 5 d'^ 6 «3 5 61 5 59 5 62 64
8 29 5 28 5 27 5 2ft 8 ^6 5 2H
liminary jute forecast waa issued June 25 by the Bengal Oct. Nov.... 6
20 5 195 18 6 16 6 17 6 19
Nov.-Ueo...
Chnmber of Commerce
Deo.-Jan.... 5 16 8 146 13 6 11 5 12 8 15
.S
Area Bown this year, abont 2,100,000 acres. Shrinkage In area Is
due to want of rain at the time of eowln(t. Outturn In this area Is estiinated at ^5 per cent. Grops out-turn of 1902 la now estliuat««i1 at 58
lahhs of bales. Gross out turn of prt sent season Is estlnmtert at ^4
Ittkhs of bwles, or 76 % per Of nt of a normal crop. It la reporwrt by all
district ofllcera ttiai very small stocks of last year's crop are left.
SHiPPwa News.— As shown on a previous page, the
exports ot cotton from the United States the past week have
rcacbed 7,619 bales. The ehipments in detail, as made np
irom mail and telegraphic returns, are as follows:
Total bales.
Bremen, per steamer Bremen (additional), 63.
To LiUDwerp. per steamer Finland. 28
To Genoa, prtr s'-aiuer Hohenzollern, 882
Nbw orlkams-To BeUast-Juiy i7— 8tr. Inlshowen Head, 265
To Barcelona- July ..—Bt^jamer Catallna, 5,194
To Vera Cruz Juiy 18 Steauier DaKlin. lOO
BOSTON To Llver\)ooi— July 20— Steamer Ultonla, 43
Baltimorb— To Bremen— July 22— Steamer Brandenburg, 24..
fHu^DKLFHTA— To Lil verpooi— J oly 17— 8tr. Noordl.tnd, 1,050
Sea Island
Nbw York— To
53
2H
862
265
5,194
lOO
43
24
1.050
7.619
TotaL
The particulars of the foregoing shipments for the week
arranged
in
mr usual form, are
as follows,
French Ger- ^Vth.E'rope-^ Mexico,
die.
Japan.
Brii'n. ports, many. North. South,
K6a .,
isS
.^3
New York
5.194
100
265
{7. Orleans
43
Boston
^4
Baltimore
fbtrdeiv's 1,050
Oreat
Total.
atS
5,659
4i
24
1,050
28 6,056
100
77
1,358
L7,619
Eizports to Japan since Sept. 1 have been 128,858 bales from
the Pacific Coast, 6,360 bales from New York and 400 bales
Total
from Norfolk.
New York
Cotton freighti at
the pait
week have
beet
as follows.
Batur.
Hon.
Tut*.
..c.
Liverpool
f.
Manoliester
Havre, asked. ...e
12
12
21
12
12
21
12
12
21
12
12
12
12
12
1?
20
20
20
BreMen
17i«
17ifl
17i«
171*
171*
17ifl
171a
211s
17ifl
171a
211a
15
28
15
28
80
28
16
27
55
30
28
15
27
65
e.
171a
171*
17i«
.^....e.
2\^
3H«
2\H
16
28
18
28
80
28
15
27
55
15
28
30
28
15
27
55
....e
HaHborg
Qhent
Amtwerp
e.
Seval, lndireet..e.
Beval, via Canal.e.
SO
28
15
27
55
Baroel'na.ind'r't.e.
Ctonoa
e.
TrlMt«
Janan
Wedne*. Thur$.
e.
(via 8nes).e.
Quotations are cents per lOO
211a
Fri.
15
28
30
28
15
27
55
—
July
of tlie
week
..bales
Of which exporters took..
Of which BpeoQlatorB took
•alea Ajnerloan.....
4etiial export. .K.....
Forwarded
Total stock— Bstlmated
Of which Aiuerioan— Est'd.
Total import of the week.
,
Ot which American.. ..M
Amoant afloat...
..
Of which American....,
July 10
3.
34,000
9,000
2,000
29,000
6,000
42,00C
513,000
417,000
14,000
9,000
48,000
23,000
July
S9,0OC
10,00C
17.
43.00(
11,000
6.000
'....
40.00(
13.001
35,00f
33.00C
3,00C
39,000
492,00C
394,000
22,00C
la.ooc
60,000
15,000
453,000
361,000
8.001
6.0O<
89,00(
25,00<
July 24.
57.0CO
17,000
2,000
54,000
6.000
36,000
431,000
339,000
20,000
11,000
46,000
15,000
Tne cone of the Liverpool market for apoti and futures
eaoh day of the week ending July 24 and the daily closing
prices of spot ootton, have been as follows.
BaPday. Monday. Tuetday. Wed'day. Xhurtd'y Friday.
Spot.
Market.
Qnlet.
12:30 P.M.
Mid. XJpl'ds.
Sales
Spec.
& exp.
Moderate Moderate
Qood
demand. demand. demand.
640
640
5 coo
e.ooo
i.coo
I.E.
00
654
6-40
6
Qood
000
1?,000
5,L00
1,000
demand.
Quieter.
6-68
6 60
14 000
8,000
7.000
1,000
Future*.
Market
opened.
Market,
4
p. M.
}
Qalet Ht
Qniet at
198
3@3 pU.
ptB.
decline.
J
)
J
Irreg. at
_1 pt. dec
1 pt. adv.
Steady
®
i
iai
I
Steady
at
ptf.
1®6
at
pt».
adrance.
advanos.
Steady
3^4
at
pts.
decline.
Qniet.
Rasy at '^tsady a! Quiet at Briyit'dy Qalet at
nnch.to 2>«a6 ptij 3«a7 pts. 6(912 pts. 9)i®liHl> 8@10 ptt.
decline, adrance. advance
advance. decline.
iji pts.ad.
A nrll'lVf av
May-June...
ft
FPl.
July 23
July 24.
121a 4 12 >« 4 121a 4
P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
d.
6 28 6 81 6 44
6 27 6 29 6 42
6 23 6 26 6 3S
5 70 5 7« 5 8H
5?3 5 8e 5 47
13 8 126 116
Feb .Mch. .. 5 13 6 115 11 5 09 5 10 5 13 5 16 5
Mch.-Aorll.. 5 13 5 115 10 8 08 6 10 8 12 5 16 5
Jan.-Feb....
Thnra.
d.
«t
rt.
6 40 6 33 6
6 39 « 32 6
6 3,^ 6 28 6
88
82
6 47 6 41 5
26 6 36 5 36 5 2H 5
21 5 81 5 31
23 5
20 5 29 5 29 521 5
19 5 27 6 2M 5 20 5
19 5 27 6 28 6 20 5
.">
r.
.^
!i
80
SO
25
80
39
26
31
20
19
19
....
....
BREADSTUFFS.
Friday. July 24, 1908.
Prices for the grain have shown a sagging tendency during
the week and they have been reflected in an easier market
for wheat flour. The volume of business transacted has
reached only very moderate proportions, buyers generally
operating along very conservative lines and have not been
disposed to purchase supplies in advance of well defined current requirements. Rye flour has been quiet but steady at
unchanged prices. The demand for corn meal has been
limited, but with light offerings due to small stocks prices
have been well maintained.
Speculation in wheat for future delivery has been moderately active and the tone of the market has been unsettled.
Early in the week, under favorable weather conditions in the
interior for the growing crops and improved crop accounts
from Europe, there developed increased pressure in the
speculative market to sell. On Tuesday, however, reflecting
a less favorable weekly report than expected by the Government Weather Bureau of the condition of the spring-wheat
crop, shorts turned buyers to cover contracts, and prices
On Wednesday there was renewed selling by
advanced.
speculative bear interests who were disposed to discredit the
Bureau report and prices again weakened. Thursday there
was a stronger market. Advices from the winter-wheat
belt reported a small movement of the winter-wheat crop;
weather conditions in England and France were less favorable, and th.e Cincinnati "Price Current" in its weekly review
of the crop situation said that wheat-threshing returns continue to be under the early estimates. The spot market ha3
been quiet and easier; exporters have been only light buyers.
To-day the market was quiet and steady. The spot market
was moderately active; sales were reported at outports of
160,0C0 bushels for export.
DAILY OLOaiMO PRIOBB OF MO. 2 BBD wnrrsB whbat
NfiTT
Bat
MoH. fue*.
Wed. Thur*.
Fri.
8II3
81i>8
8II4
84%
Si's
Gash wheat f. o. b
801a
80B8
81i«
July delivery In elev
83%
80^8
81
801a
81i«
8088
Sept delivery In elev
81%
81
Slifl
801a
8II4
SOBg
81%
80%
8138
Deo. delivery In elev
81%
DAILT OLOSmO PRIOBS 0» N3. a BPBQIO VTHBAT 119 CXEtOA.60.
Bai
Man. Tuea.
Wed. Thur*.
fri.
75''8
7514
761*
75%
Jtily delivery in elev
78%
76^8
76I4
75O8
76I4
76I9
7668
Sept. delivery In elev
751a
76I4
7638
75ifl
Deo. delivery In elev
75%
761.J
7«3a
78i>8
78i«
77"'8
7838
eiev
jft»y deuvery
77%
781a
m
YORK
m
iba.
LrvERPOOL, By cable from Liverpool we have the following
statement of the week's cables, stocks, &c., at that port.
alee
July 22
5 23 5
5 19 5
10 5 11 5 13 5 17 5
:
ThH*: 5*67 mean*
100(*.
i
Indian corn futures have received only a limited amount
of speculative attention, Early in the week prices showed a
tendency to sag under private advices, reporting favorable
climatic conditions for the crop. The weekly Bureau report
on Tuesday, however, did not meet expectations and started a
demand from shorts to cover contracts on which prices advanced. Wednesday there was a slight reaction, but on
Thursday the market again showed an advancing tendency
on renewed buying, stimulated by reports of hot winds in
Kansas, damaging the crop. The spot market has been quiet
and prices have flactuated with futures. To-day the market
was without important changes. The spot market was
steady.
DAILT OLOBISe PBIOBS OP HO. S MIXBD COKM
Thun,
57
55%
6608
8714
8608
871a
5788
49ia
48'78
49''8
49
49
48
4719
49i8
49i«
Sept. delivery in elev
Deo. delivery In elev
57^8
ee's
66I4
56I4
Sept. delivery In elev
Dec. delivery In elev
May delivery In elov
com f. 0. b
Jnly delivery in elev
Fri.
68
57%
5518
56
65%
66%
8689
5588
5688
66%
55
651a
DAILT 0IX)8INa PBICSB OP HO. 8 MIXBD OOBH IH OB[I€AGO.
Bat.
Tue*.
Wed. fhur*. JTi.
MoH.
60i8
48I4
July deUvery in elev
4919
49<%
4938
5088
49%
48''8
SCe
50i4
60»8
SOSs
5OI4
50ia
48%
Oats for future delivery at the Western market have been
moderately active. Under private advices reporting favorable crop prospects, and in sympathy with the decline in
other grains, prices weakened early in the week. On Tuesday, however, the weekly Bureau report was issued saying
that there was much rust in Ohio and upper Mississippi
Valley and lake, resulting in a sharp upturn to prices. Locally
the spot market has been quiet but steady. To-day the
market was higher on shorts covering.
I
Ihe priues of futarea
at Liverpool for eaoh lay are glvea
below, Prices are on the basis of Uplands, Good Ordinary
olsose, unless otherwise stated.
Wed.
56I3
JTon.
Cash
n NBW YORK.
tuet.
Bat.
eio.
0.
DAILT OLOBOIC PBIOBB OP OATB IH NB^T ¥ORK.
Wed. Thur*.
Man, Tue*.
Bat.
40ia
40ia
40ia
41
40%
S mixed in elev
4214
42
42
42
43
8 white in elev
Fri.
40%
<2i4
>
.
THE OHROVini-K
212
Da.11. I
uiAMiiw ruuBB or no
Mnl
•!»
:i
mixsd uatb
lf«>n.
rw«f
87 "n
87
S7\
Sa^g
Deo. (1«>Uvpry tn »I*tv
May delivery In oler
83 »«
31 ^8
S2i«
329^
S ifl
....
ir
cttiOAUU
!*«•••.
)f«d
8«pt rloi'v^rr tn *lev....
July delivery 1«
3^%
82B8
S97s
S3i«
41
S8H
33 H
33%
88
38^1
S5B8
35
85
85%
qnotatloiu:
FoUuwuiK are tne oloelng
FLO OK
Pfttent, inDMr....f4 00 «4 25
•aperflne.
Olty mlUa. p*t«iit
«2 95
4 75
5 16
... f 3 85
RydOoar.aaperfljie 8 90 9 00
Kxtra, No. S.
S 90 03 05
Bnokwtieat Qoar..
Nomln*!
Bxtr». No 1 . .„. 3 15 • 3 SO
OorE me&l—
8 40 98 85
94 35
Weetorn.eto
8 20 98 35
Btnaxtats..
S 80
Br»mtyw1nf .. a 25 •S 30
P»t«Bt, apiiiiK ... 4 50 0& 15
prlc«a
below
those
floor
e»tikB
»allB
at
tor
barren.
(WhAat
IQ
ORAin
Wbeat, per boaa.—
Oom, per bash.—
0.
e.
e.
WMtera mlxsd
Har<1 Dii1.,Nj 1..
f.o. b9M«
66 OS9
0.b92i«
BTthPrii l>nl., NO.J (.
No. S oilred
...
f. o. b.A8
No. 8 yellow
Re<i wtBTei. No. S
r. o. b.eiis
t o. b.58
No. Swhlte
Hort'B Dul No. S. f. o. b 900s
Le. b.58
Oau— Mlx'd.p bash. 40 942
Bye, per bash41 947
Western
...5219956
WbJ^*
.>—...
Srate and Jersey...... 60 0S6
No. S mixed. ...... 40>994l%
No. 8 white........ 42 •43^4
Barley— West
.63 9fO
Peedtnc
40 »v^0
Et ports of Grain and Flour from Paclflc Forts.—
Telegraphic reports indicate thnt there have been no exports
of fl ur and grain froui Pacific ports for the week ending
.
July
«
,
24.
Tt3e exports to foreign countries for the neriod sinc
Julv 1, iy< 3 and like figures for tha correspondiog period of
19. 2 are given b( 1 jW.
Wheat,
OcUt,
Barley,
Xxportt
Flour,
Oom,
Rye,
from—
bush.
bblt.
Ban Fran.
PugetB'd
buih.
bush.
bush.
bttah.
47,u00
Portland
47.000
ISO 000 1.000.000
Total
Tot. 1902.
.
2^5
800,000
lOO.UOO
Government Weekly Grain Report.— Mr. James Berry,
Chief ot tne Clim^t« and (^rop Divison of the U. S. Weather
Bureau, made pnblic on Tuesday 'he telegrapbic reports ou
the grain crops In the various States for the week ending
July 20, as follows
Corn.— Corn has made favorable adTancement In all districts, but in
the principal corn tttbtrs It Is variable as to size aud condition, being
generally small, e»p>-oially iu tht^ central and eaHiern districts or the
oom belt. As a rule the r<'p U In a good stare of oaliivatiun. except
In the upper Ohio Valley and MIdrlle Atlactio States. In portions of
Indiana, Mlf>8<iUil, Soa'bwestern Kansas, ArkaoMas, Oklahoma and
:
1
HUh
li> In need of rain to a gieater or jess extent
winds
llatterrd oonolderable corn In the Lake refilon on the 17tb and 1-th
WiBTBK Wheat —Winter- wheat hardest Is praoiloallv completed,
except In a few of the more northerly States. Weather conditions
have been favorable for thrashing, whloh work Is in general progress,
the yields oootiualne iltcht.
Bfeimo * HEAT.— The reports respecting spring wheat are not favor
Ihn late sown lu the Red River Valley In Mlonesotais believed
able.
to be beyond recovery, while heavy ralus have kept the low andsin thf
sontht-ru portion or tbe Scate floode'i and have caused loagintc In the
uplands Rains In southeast aud extreme northenst portions of Nor'h
Dakota have ia'pro\eci the crop, and Id Soath Dakota epriog wht-at is
tilling well, i-xoecit lu ihe souibeastx^-ra portion and In Iow>», where it
[a Winoonsln and NebraHka and on
Is unravor»biy affected by rnxr,.
Texas, corn
the Nortb P«oldo oast mnr» favorable reports are received
Oats Mach rust In oitts Is reportel from the S ates of the Ohio and
upper Mlxi-lBHlppl valeys and Lake rrglon, and upon the whule tbe
condition or the crop Is below recent anticipations. Harvest is In general progress.
h*r«
*«se 178.
IV Itmr atbar tahlwa
Klly >!•
••
and at steady prices. Business in fancy woolen and worsted
fabrics is quiet in both light weight and heavier goods.
Tbe market is firm for fltinnels and blankets, but quiet.
fr
New
York, Friday, P. M., July
:
Nbw Yobk
extending does not apparently affect
ead of the cuitailment policy on the
part of tbe mills, although that forbids tbe hope of any relief
for some time to come. The market shows no marked
advance in prices this week, but sellers are in all directions
very diflBcult to deal with tor ready deliveries, and in mun>
instaLces keep on quickly raiding their limits. The woolen
goods division of ine market has been disturbed by the uuexpectedly low prices made by the American Woolen Cumpany on same of its leading lines of piece-dyes opened this
week. Tb^y are practically back to the level of a year ago,
or from iiH^- 'o 6c. per yard below last season's quotations
The traie nad been looking f jr last eeaeon's quotations to be
maintained at least. The j bblng trade has ruled qaiet in all
departments, but a fair retail businees is generally reported.
of ready tuppli^s
is
them Dor does tbe
;
Woe LEN Goods
8p<
—The new lines of clay worsteds, serge8,etc.
opened by the American Woolen Company on Aionday last
show declines from the season just closing of from 2^8. to
Tbe prices are regarded as decidedly low and
5c-. a ywrd.
have Caused some other sellers to reduce prices named by
them on competing lines already opened. Tbe attendance of
buyers shows an increafie thin week and a fair amount of
business has been done, chiefly in medium and low-Krade
wool goods. Business in heavy weights for immediate delivery is restricted to.smxlt lota. The demand for overcoatings
been quite moderate in extent and cloaklngs rule
Staple lines of woolen and worsted
quiet throughout:.
dress goods are being reordered more liberally than of late,
1903.
to July 20.
Jain*....
India
67
12
2
447
802
107 530
2
212
21,833
6 K'il
17.010
84
les
1727
6e'5
787
97
1,873
..........
............
.
irabia..... .......
ifrlea
'Vnst Indies.......
Uexido..... .......
Jentra) America..
•
4oath America...
itherOoantrlet..
Total
The value of these
ItfOS.
ttiHct J an
We$k
areat Britain..
Otber Baropean..
Week
i
1,R14
1,291
14,«0'i
81,(>62
9.222
13,V46
83 809
6.1k9
47
635
42
S62
15
221
607
532
211,468
16 910
•
8.8»8
New Zork
ainet fuH.i,
16
S6
760
6 658
13,529
1.249
4,828
87
27,'
8,041
167,188
exports since Jan.
1 to date
1903
Reports Tom Gnina show some iiupiovement in cotton
eoods there, but there has been no hign of any China demand
in tbis miirkt-t.
With the home demand coming forward for
-mall qa-iotities only, businees iu heavv-wt-ight sheetings and drills has been quite limited. Prices are without quotable change. The scare! y of most descriptions of
.oarse colored cottons is causing buyers considerable trouble
to secure even such moderate quantities as they are in the
market for. S-'I'ers are uowilliug to do mn^h lorward business and are stiffening in price for such goods as can be delivered promptly. Bleached cottons ia all grades are in
qaiet reque.^t, but prices are very firm, there being but limited su^>pii<-8 on hand.
O^her lines of dom-slcs are in a
strorg posi'ion.
fair demand is reported for staple prints
iud the tendency of the market is upwards, small advanoes
being occasionally reported. Fancy calicoes are seady, with
a moderate business passing. Fine printed vt ash goods are
aas been f9 242,272 In 1903, against |7
-"Si
717
in
A
quiet and uncbanged. Staple and fine ginghams are very
firm in price, being in a well sold condition. The print-cloth
market has ruled dull thronghout; the demand has been
limited and sellers are reserved. Regulars are still quoted
at 83^0.
Foreign Dry Goods.— Business in foreign dress goods for
reported in some quarters with a firm tone prevail-
spring
itj
Silks and
against buyers.
iug.
ribbons are quiet but firm. Linens are
Barlaps continue dull with no change in
pi ice.
Importations and Warelioaae l¥ltkdra«rals ot Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending July 23, 1903, and since
January 1, 1903, and for the corresponding periods of last
vear are as follows:
«
*
3
•
i
3
if
li
*
li
24, 1903.
The market has presented llitie in the way of new features
this week so far as tbe cotton goods division is concerned
Bueinees has again been quite moderate in extent at first
bands, a condition contrlba ed to by the reserved attitude
The indisposition on tbe part of
of both buyer and sellers.
the former to go beyond band to-mouth buying is fully a>pronounced as at any time of late. The fact that the scarcity
DoMKSTio Cotton Goods.—The exports o' cotton goods
tbis port for the week ending July 20 were 1,878
-m
packages, valued at |lt3,136, their destination being to the
points specified in the tables below
5
THE DRY GOODS TRADE.
[Vol. LXXVII.
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*
July
^nj&UJnil
1.E1D
25, 1903.J
—
IjA.
2\'6
by law he will purchase
all the above bonds at the aforementioned sale at par, same to be placed to the credit of the
Washington Park sinking fund. Date of bonds will be Aug.
Interest, semi-annually at the office of City Treas1, 1908.
urer.
Maturity, $2,600 yearly on Aug. 1 from 1904 to 1923,
inclusive.
Alcorn Connty (P. O. (.orlntb), Miss.— Bond Sa/e.- On
July 30 the$lii,0u0 5% 5-20yedr (optional) road- improv»- men t
PUBLISHED WEEKLY.
Terms of Subscription— Payable
in
bunds were awarded to
Following are the bids
Advance:
W.
J.
Lamb
of
Conntn
at 101*30.
:
For One Year, Including all Supplements
For six Months
Knropean Subscription (Inoludlng postage)
Bnropean Subscription Six Months (Inolndlng postage)
$10 00
6 00
13 OO
7 50
The IirvT58TOR8' Supplement Is furnished without extra charge to
•very annual subscriber of the Commehcial and Financial Chronicle.
The STATE AND CiTT SUPPLEMENT Is also furulshed toithoxit extra
charge to every subscriber of the Chronicle.
The Street Railway Supplement Is likewise furnished without
tMtra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, Issued monthly, Is also furnished without extra charge to every subscriber of the Cuboniclk.
Terms
of Adyertising—(Per Inch Space).
$4 20 Tliree Months (13 times) .$29 00
Six Months
(26 times) ... 50 00
8TANDINQ BUSINESS CAKDS.
$22 00 Twelve Mon hs (52 times) ... 87 00
Two Months (8 tliues)
ftftnslent matter (each time)
News
Items.
C\tj,— Tax Rates Adopted.— The Finance Committee on Jn'y 21 report'd to tae Board of Aldermen the
New York
rates of taxation for 1903.
tigores are as follows
The report was adopted.
Tbe
:
071
Property Liable
to Taxalioti- for loeal, Oily. Ooxinty
<t tjtate Purposes.
Manhattan and The Bronx
I4 1t>7
14--945
14-7508
14-9676
Brock.jn...
gueens
biohuiond
On Property Excmpt from Tuxa lion for talc
Purposes.
1405
2
14-8129
14-6693
14 8869
lOlgO
J. I.iimb. C-orlnili
|
Duke M. Farson 4
Co.. Clitc....lOC-28
Alvordion ^pe^lul 8<11mo1 Di^tilci, Hlilianis County,
Ohio.— /JOf.d Offering. -Proposals will tie received uLtil 13
M., July 31, by S. E. Hartman, Clerk Board of Education,
for $8(10 5« coupon bouds.
interest, March 1 and September
Maturity, one bond oi $300
ffioe of Dittrict Treapurer
1 at
Sept. 1, I9t 6. Authority,
Sept. 1, 1905, and one bond of |3
Sections 3il9l to 39fc3, inclasive. Laws of Ohio, and election
held April 13, IWd. A certified check or New York dralt
t
$ft('0 requited.
Purchaser pays accrued in'erest,
Autlion, Iowa. -Bonds Voted,— By a vote of 101 lor to 28
against, this town recently authotized the issuance of $4,600
water-works bonds.
for
Wis.- Bord« Hot S Id.— No
Antlgo, Langlade County,
. .
H'lLLIAin B. DANA COIVPANY, .Publishers,
Pine Street, corner of Pearl Street,
NEW YORK.
POST OFFICE Box 958.
Boroughs.
W.
bids were received July 17 for the $9,000 4% sewer bonds de
scribed in V. 77, p 103.
are
Antiocb, Cal.— Bond* Not Sold— Bond Offering,—
advised that the oUeriog of tbe $22,0u0 5^ 1 22 year (serial)
water and the $i<,000 5jJ 1 30- year (serial) stwer bonds described in V. 76, p. 1419, is to be continued a month longer,
or un il Aug. 10, 1903— the date originally fixed for the closing of bids having been July 13.
Appleby (lexttS) Schuol District.- Bond* Fo<ed.— This
district, by a vote of 49 to 4, lecenlly authorized the issuance
of $1,5UU school building bonds.
Asbury Park, N. J.— Bor^d ;)'aie.— This city on July 13 sold
at par to Mis F. A. Donahue of Bayonne $.i5,000 more of
the $800,000 4^ beach and sewer bonds descricel ic V. 76, p.
3i2,
In the Chronicle of March 21 we recorded the sale of
$175,000 of these ooiids, and the new disposal makes $200,000
of tbe total i^sue placed up to date.
Asotin Couiity (Wasb.jsicbool District No. 7.— Bond Sale.
On July 13 this district sold to the Board of State Land
Coinmlesioners an issue of $4,000 4)^^ 1-20 year (optional)
bcuds. Denomination, $1,000. Date, Ang. 1, 1903. Inter-
We
—
In the C HRONiCLE July 11, on page 103, we gave the assessed valuation b; boroughs for tbe year 1903. Of the
15,432 898.918 total value, $119,265,516 represents the assessment ot property exempt from taxation for i>tate purposes.
The budget fcr 19(»3 is |97,119.031 10, from which is to be
deducttd $31,266,804 9S, the es-timated revenues of the general fund. The balance, $75,«52,726 13, together with $357,728 75 (representing tbe amount paid by the counties during
1908 from the proceeds of special revenue bonds), plus 2%
for deficiencies
collection.
A total of $77,633,663 94 represents tbe amount to be raised in Greater New Yotk by
taxation during 1908.
annual.
Albol, Mass.— Bo«d Sale,— On July 15 $28,000 i% 80-year
sewer bonds dated July 1, 1903, were awarded to Biodget,
Menitt «& Co., Boston, at 103 89. Interest will be payable
semi-annually.
Barnesfiile, Cl8.— Bond Sa/e.—The $10,000 i.i gold waterworks and eleotnc-ligbt bonds described in V. 77, p. 48, were
sold on July 11 to bolomon & Co. ot Macon at 93 31,
Barunm, Minn.— Bond ^u/e.-This town has sold $2,300 5^
refunding bonds to R. C. Jefferson of St. Paul.
Beilelootalne, Onlo.— Bond 6'a/e.- Bids of par and accrued
Interest were received on July 30 from the Bellefoutaine
National Bank, the People's National Bank and the CommerCalls
A»torl A, Ore.— Warrant Call. City Treasurer Dealey is- cial & Savings Bank Co., ail of Bellefoutaine, for the $13,000
sued a call July 10 for all warraDts drawn on the general \%i gaswoiks and the $13,000 4)^^ electric-light- works
fund and indorsed prior to June 1, 1903. The warrants in- bonds described in V. 77, p. 168.
Beilerille (Texas) iSchoul District.— Bond« Regintered.—
cluded In the call Amount to about $6,000.
Clark Coaiity, M«.— Bond Call.— Ca,\l is made for payment Thlsoisirict on July 17 had registered In the office of the
August 10 of 5« b)nd8 Nos. 76 to 125 dated Aug. 10, 1888. State Comptroller an issue of $7,00u bi 5-3ci-year (optional)
school-builaing bonds dated June 1. 1908.
Denomination, $1,000.
Bethlehem, N. ti,— Purchase of Water Works.— On July 18
Clinton Coantj, Mo.— Bond Call. Interest ceased July 1
on 6% boLda Nos 41 to 50. Denomination, $1,000. Date, this village voted to purchase the plant of the Crystal ttptings
Water Co. for |49,5i 0.
July 8, 1885.
Biogbamiou, W. ¥. No Bid«.—No bids were received July
Jefferson City, Mo.— Bond CaW.— The following 5i bonds
31
for Lhe $49,( 00 3>^^ grade-crossing bonds offered for sale
were called for payment July 1 : No. 1 for $500 dated Jan. 1,
on
that aay. For description of bonds see V. 77, p. 104.
and
1897,
Nos 14 to 17, inclusive, and No. 20 for $500 each,
Buwliog Green, Oiiio.-Bond Offering,- k^Topoa&la ««ill be
dated July 1, 1896.
MoDiit Pleasant Township, Bates County, Mo.— Bond received until 13 M., August 17, by Alex. Williamson, City
Call — Bonds Nos. 1 to 12, inclusive, $1,000 each, dated June Clerk, for the following bonds
•B.OuO 6< sewer-lmproTemeat bonds, 'maturing (dOO on Sept. 1 of the years
1, 1897, and carrying i%% interest were called for payment
est,
m
Bond
and Redemptions.
—
—
:
June
1,
Om»lia, Neb — Warrant Call.— City
Treasurer A. H. Hennings ieeued on July 14 a call for city warrants as follows
General fund, 52U to 1355; sinking fond, 40 to 58; judgment
fund, 75 to 114; sewer maintaining fund, 139 to 176; park
fund, 264 to 395; lighting fund, 46 to 61; health fund, 116 to
163; street- cleaning aid sweeping fund, 104 to 184; curb,
gutter and paving fund, 26 to 56.
Plerte Cuautjr, W'asli.— Bond CaM.— The County Treasurer
has called for payment $12,000 bends of Series 2.
Yeruun Towu^hip, Clark Coauty, Mo.— Bond Caii.— Call
W88 mnde for pa>ujeDt July 1 of bond No. 14 for $1,000 and
Ncs. 19 to 28 tor $100 each. Interest, 6^. Date of bonds.
19Ub, IwtM. lUlI and 1H13.
2,600 5% sewer lm.>rovemeDt oonds,
IWb, .bU7, i9uU, Itfii ana 1919.
D.'nomtnation of bonds, $600.
:
May
12, 1856
Worth
—
onnty, Mo. Bond CaZi.— Interest ceased June
on 5% bonds Nos, 1 to 13, dated Dec. 1, 1897.
(
1
maturing $500 on Sept.
March
Date, July
1,
1
of the Tears
1903.
Inter-
and September 1. Accrued interest to be paid
by purchaser. Certified check for $100 required with Dids
est,
1
for each of tbe above issues,
Cambridge. Isauti Coauty, Minn.
— Bond 9a^.— On
July
14 the $6,000 lU-year funding bonds described in V. 76, p.
1430, were awarded to H. S. Speer
Co., Chicago, at 103 083
toi 5 per cetts.
The other bids received (all for Q% bonds)
&
were as fo lows
^4
A. Rean. Chlcaeo
C.
M. Ellingwood
:
& Co
I6.60O 00
«,li0 00
I
Chag. H. Coffin, Chicago
$6,01100
|
Camden (Pa.) School District.— Bonds Propo«ed.— The
Board of Edocatton of this dit-trict has dex;ioed to ask the
City Council to authorize an issue of $80,000 bonds for an increase of Bchriol facilities,
Bond Proposals and Negotiations
thie
week have been as follows
Albany, N. Y. -Bonds to be Purchased by Sinking Fund.—
Howard K Fuller, City Comptroller, offers »t puLihc auction
at 12 M., Auk 3, $50 000 3^% refunding water bouds. Tbe
:
official advertisement of tae CoQjptroiler, however, bUUb
that by virtue of the diecretionary authority vested in him
Cameron, At:— Bona offering. -Propoea\s will be received
until 7 p. M., July 81, by O. M. Young, Mdyor, for $59,000
4J^< l0-20year water bonds dated Aug. 1, 1903. Interest,
annual.
teyloo, Minn.— Bond Q^^rtngr. — Proposals will be received
uutii 8 P M Aug. 1, by A. G. KdiJenbeck, Village Recorder, for
$3,9ii7 b% 10 year water-works bonds.
Interest, semi-annual.
Ceit'fied check lor $400 required. Sncoessful bidder muet
furnish blank bonds.
Scuji
——
—
THE CHRONICLE.
214
Cincinnati, Ohio. -B:md Sale.-Oa Jaly 21 the $500,000
3f^« 20-40 yeiir (optional) water bonds described in V. 76, p.
1368. were awarded to the Atlas National Bank and the Market National Bank of Cincinnati (the only bidders) at their
joint bid of par.
Clark County (P.
Marshall), III.— Warrants Not Sold.
—No satisfactory bids were received Jaly 20 for the $30,000
5« warrants describtd in V. 77. p. 158. The Ck)nnty Treasurer writes us that le thinks the warrants will now be dis-
on Oct.
par.
5% refandlni; bouds. Denomination, $M0. Date, July 1, 1908, Interest
semiannually at Fourth National Bank, New Yoik City. Matorlty.
$5t
each six mouths from Oct, 1, 190i, to Oct. 1, 1U13, inclusive. Check
lor $600 required.
Also for the following sewer bonds, in denomination of
and dated May 1, 1903, Interest semi-annually at the
office of the City Treasurer.
$1,200 6< Bust Lincoln Street Sower No, 9 bonda, matnrlntr $100 yearly on May
1 from 1i*04 to lUll. inclusive
$800 on May 1, lUXX, and also on May 1.
191S. Check for 1100 required.
1,600 6J West Front Street sewer bonds, matnrinK yearly on May 1, $100 from
These bonds were
:
&
1904 to it-o?, Inclusive; $20u from 19u8 to lUld, inclusive. Check for
»S00 required.
West LlQCOin Street Sewer No, 11 bonds, maturing yearly on May 1.
iluO from isti.4 to 1906. inclusive, and $«00from 1907 to 1918, inclusive.
Check fur »2<jO required.
1,700 &%
1
I
Certified checks are to be drawn on a Findlay bank. Successful bidder must furnish blank bonds.
Bond Sale —The following bonds were awarded on July 20
to the Security Savings Bank of Athens :
$10,000 6( West Crawford Street bonds at lOS'SO.
8,000 51 Elm Street bonds at 104.
6,000 &% Kast Hat din Street bonds at 103,
For description of bonds see V.
77, p. 159 and 49.
Flint, Mich,— Bond Sale, This city sold an additional
$2,600 of the $82,000 4% funding bonds offered but not sold on
May 16. This make $^,000 of these bonds sold to date, ail of
which were taken by local parties at par.
Fort Collins, Colo. Bond Offering,— FrirtheT details are
at band relative to the offering ou August 8 of $175,000 i%
coupon water bonds. Proposals for these bonds will be received until 4 p. M. on tbat day by T. H. Garrett, City Clerk.
Date of bonds, Oct. 1, 1903. Interest, semi-annual. Maturity, 15 years, subject to call after 10 years.
Certified check
for 5^ of bid required.
Fountain County, Ind.—Bond Ojfertng.— Proposals will be
received until August 1 for $10,900 6% levee bonds. Denomination, twenty bonds of $500 each, two of $250 each and four
cf $100 each. Date, July 1, 1903. Interest, semi-annually at
the Citizens' Bank of Covington. Maturity, 12 years, subject
Bonds now outto call one-tenth yearly after two years.
standing, $17,500. Assessed valuation, $12,129,865. James
T. Bell is County Auditor.
Frankfort and tlerman Flatts (N. T.) School District
No. l.—Bond Offering.— ProiiOB&la will be received until 12
M., August 1, by Addison Brill, District Treasurer (P. O.
Ilion), for $2,400 4}4% bonds.
Date of bonds, Aug. 1, 1903.
Interest, semi-annually ou January 1 and July 1 at the Ilion
National Bank. Maturity, one bond for $200 yearly on Jannary 1 from 1905 to 1916, inclusive.
Freeport, N. T.— Bond Sale,— On July 22 the $6,000 water
and the |3,000 light bonds were awarded to tbe Freeport
Bank at par for 4 per cents. Denomination, $500. Date,
July 1, 19i;3. Maturity, $500 of each issue yearly, beginning
—
Wjc—
improvements.
Crockett Coanty (P. 0. Alamo), Ten n.—Propo«ed Election.— It is stated that this county will hold an election to
vote upon the question ot subscribing $100,000 to the capital
stock of the Tenneege Western Railway Co.
Cumby (Tex.) School District.- Bond* Regittered.—Oa
Jaly 17 the Comptroller of this State registered an issue of
$7,<jOO 5% 15 2u-year (optional) school-hoase bonds bearing
date June 1, 1903,
Dawson, i^a.—Bond Election. An election will be held
Aoguet 19 to vote on a proposition to issue $20,C00 schoolbuilding bonds,
Delaware County (P. 0. Delaware), Ohio.— 5ond Offering,
Proposals will be received until 1 p. M., July 31, by Frank
Warren, County Auditor, lor the following oo'ids
—
—
Jnly
Authority. Section 4670-19. Kevisfd Statutes of Ohio.
Maturity, one bond ot «i!,H)l; each cix months from March 1, ilOi, to
Sept. 1. IH
icclmive. Deposit of $ ,500 required,
4.20O 5» ditch bonds. Authority, Sections US 4ibi and 448i, Revised Statutes of Onio. Maturity, one Dond of tl'iO each six months from Mar,
1. iSK)4, to Sept. 1, ItttAJ, inclusrre. Deposit of |3u0 required.
166,000 6« road bunds.
;-!,
Bank
$72,420 00
lJroB,Co.,CleTe.. 72,36; 00
tiraceville,
I
Cincinnati Trust
Co
$78,215 00
|
Big Stone County, Minn.— Bonds Not Sold—
are advised that the sale of the $5,000
refunding bonds originally advertised to take place on July
16 has been postponed for thirty days, that is, until Aug. 15.
Orand Kaplds, Mich.— Bond Sate.— But two bids were received July 18 for the $150,000 ii 1 5 year (serial) street improvement bonds described in V. 77, p. 105. One bid from
the Board of Sinking Fand Commissioners was 100 '964 for
the |9D,000 bonds maturing in from one to three years and
was accepted. The other bid was par for the $60,000 bonds
maturing in four and five years. This latter bid was from
S. A. Kean of Chicago, but as it was not accompanied by a
The $60,0l0 bonds anaold
certified check, it was rejected.
—
purpose of repairing or rebuilding bridges. Denomination,
Interest (not exceeding 5^) payable semi-annually.
$100,
Maturity, 20 years from date of bonds.
Dowiie Township School District Cumberland County,
N. J. -Bond aaie.-Oa July 1 the $10,000 43^« l-kU year
(serial) school bonds described in V. 76, p. 1421, were awarded
to Barton F, Sharp at 100 80,
Eastoo, Pa.— Bonds Defeated.— Th\B place on July 21 voted
again^jt the issuance of $385,000 street, fire and sewer-im-
will oe re-advertised.
tilrayson County, Tex.,— Bonds Regiiterei.— An issue of
$3,999 3% 6 20-year (optional) bridge-repair bonds was registered by the State Comptroller on Jnly 15. Bonds are dated
District.— Election.— An
election will be held to-day (July 25) to vote on the question
of purchasing a site upon which to erect a new school building. It is stated that If the proposition receives a favorable
vote, a building cc sting not less than $50,000 will be erected.
Elmira N. T. Bona Offering.— Fiopoa&ls will be re eived
until 8 P M , July 27, by Daniel Sheehan, Mayor, for $20,000
i% 1-20-year (serial) refunding and $10,(03 4i 110-year
Date, Jaly 1, 1903, Interest semi(eerial) refunding bonds.
annual. Separate bids to be made for each issue. Tnese
bonds were offered as 3^ per cents on June 1 without bug-
July
10, 1908.
Township School District, Summit County, Ohio.
Sale.— On July 14 the $8,000 6% bonds described in V.
60, were awarded as follows, at an average price of
(jreen
—bona
77, p.
100 806
:
S S. Thursby
Levi Mix
$3,000
l.ouO
I
I
Henry Krumroy...$2,0C0 Sarah Brumbaugh,. ..$600
I
William Krumroy. 1,500
Bonds mature $4,000 March
C—
—
Ohio.— Bonds Authorized, An ordinance passed
Council on July 14 authorizing the issuance of $25,000 4j bridge bonds. Denomination, $1,000. Date, July 1,
lutereat April 1 and Oct, 1 at the United Spates Mort1903.
gage & Trust Co., New York City. Maturity, $3,000 yearly
Wauseon
Bond Offering.— We
Doaglas County, Kan. Bonds Authorized by Legislature.
By an Act of the State Legislature approved June 26 this
county la authorized to issue $5O,CO0 coupon boQds for the
Elyrla,
of
Lamprecht
Date of bonds, March 1, 1908. Interest semi-annually at
the office of the County Treasurer.
ce88.
1908.
:
>.
School
1,
Fulton County P. 0. Wauseon), Ohio.- Bond Sale.— On
July 20 the $72,000 4.}4% gravel-road bonds described in V.
77, p. 104, were awarded to the Bank of Wauseon at 100"583.
Following are the bids
:
(111.)
—
$100,
described in V. 76, p. 1314.
CleTeland, Ohio.— Bond Sale.— On July 17 the |50,000 4^
grade cro8«mt< bonds described in V. 76, p. 1869, were awarded to E, H Rollins
Sons, Boston, at 101'1315. Following
are the bids :
K.H. Rolling & Sons, Bo«t.. $60,668 75 WoU, Roth A Co., Cincinnati. $60,400 00
60,022 00
Latuirecht Bros. CcCleve.. fc0,i87 00 W. J.Hayes* Sons, CleTe..
Clifton Springs (N. ¥.) High School.— Bond Offering.—
Proposals will be received until 7 P. M,, July 27, Dy J. W.
Rafter, Clerk Board of Education, for |12,000 4X school-houee
bonds
Date. Aug. 1, 1903. Interest annnally at a bank in
the village of Clifton Springs. Maturity, |500 annually on
August 1 from 1904 to 1927, inclusive. Aoomed interest to
be paid by purchaser. This district comprises Union Free
School District No. 4 of the town of Phelps. Assessed valuation of district, $756,179.
Bond O^eringf.— Proposals
Cody, Big Horn County,
will be received until 12 M., August 15, by L. L. Newton,
Town Clerk, for $16,000 coupon water bonds at not exceeding 6^ interest. Authority, Chapter 15, Title 11 of Division 1,
Revised Statutes of 1899. Denomination, $500. Interest annually at the office of the Town Treasurer or at the Hanover
National Bank, New York City. Maturity, one-twentieth of
the bonds yearly after tbe tenth year, all bonds, however,
beiog subject to call after ten years. Certified check for
|5O0, payable to the Town Treai^T^rer, required.
Columbia (Mo. J School District.— i?ond.9 Fo<ed.— This
district recently voted to issue $25,000 school-building bonds.
Crafton, Pa. Bonds Foted.- This borough recently voted
to issue $50,000 bonds, of which $15,000 will be used to pay
off floating debt, $12,000 for sewers and $23,000 for street
provement boDds.
East St. Louis
1.
:
&
was
and $3,000 on Oct.
J—
$i^,500
scribed in V. 77. p. 49
ClarksTllle, lean..— Price Paid for Bondt.—We are adMayer, Cincinnati,
vised that the price paid by Seasoogood
for the $28,000 4% 10-30-year (optional) refunding water bonds,
20,
1928, inclusive,
a
Clarke County (P. 0. Athens). ^A.—Date of Bond Elec— September 3 nas been fixed upon as the date on which
the question of issuing the JIOO.OOO \% road bonds will be
snbniitted to » vote of the people. These bonds were de-
them on June
from 1918 to
1
Essex County, N,
Bond* Proposed.— At a meeting of
the Freeholders' Finance Committee on July 8 a resolution
was adopted recommending that the Board of County Freeholders make an issue of $500,000 park bonds.
Farlbaalt, Mlun.— Bond Sale. It is stated that of the
^46,000
gold refunding bonds offered for sale on June 29,
$25,000 have been disposed of at par. For description of
bonds, see V. 76, p. 1816.
Findlay, Ohio.— Bond OJ'ertngr,— Proposals will be received
until 12 M., Aug. 17, by William Demland, City Auditor, for
thtj following bonds
tion,
to
[Vol. LXXVII.
1939.
posed of to home people.
awarded
—
th>i (3ity
'
1.
1904,
1
and $4,000 Sept.
1,
1904.
Bond Offering— Provos&ls will be reyreenville, N.
ceived until 10 A. M., August 5, by the Board of Internal Improvement, J. L, Wooten, Chairman, for $85,000 6% 80 year
improvement bonds.
Gnlfport, MlM.— Bond Offering.— Fropos&U will be received until Aug. 4 by J. I. Ballenger, Mayor, for the $40,000
6% water- works bonds voted May 29, 19 J3. Date, Sept. 1,
—
July
THE CHRONICLE.
25, 1903.]
Denominations, $100 and $500. Interest, annual. Maone bond of $100, payable annually for 20 years and
remainder payable 20 years from dhte.
Uarlfurd, Alp.— Bond OifeHnfir. — Proposals will be received until Aug. 1 for $15,0li0 5^ water-works, electric light
and general io-'provement bonds. Intfrest Jan. 1 and July 1
1903.
turity,
New York
City.
i^chool District.— Bids
Rejecteti,— All tuds received July 20 for the $20,000 4^ 26-yettr
bonds described in V. 76. p. 1421. were rejected.
at the n-iPover National Bantr,
Huitfurd
((oiin.),
Washington
Uastin^H School Distrkt, AdaniH County, Neb— Bond
CWerino.— Proposals are asked until 10 A M. to-day (July 25),
by the Board of Education, for the 140,000 i%% lU 20 year
(optional) htgh schco'-building bonds voted April 7,1903.
Date, Jute 1, 19i 3. D-nomination, |1,0C0. Itttrest semi
annuflllv at the fiscal sgencv of the State of Nebraska in the
N Hamen
New
York. E.
city of
district has no other
is
Secretary of the beard.
bonded irdebLednesa.
HvcklB)^ County, Ohln.— Details of Bond Offering —Fnr
ther details are at hand relative to the offering on August 1
of the 150.000 4 !>^<< turnpike bonds mentioned in last week's
Chronicle Proposals for these bonds will be received until
8 p. M. on that dav by the Board of County Commiaeioners
at the cffice of James L, Martin, Ccunly Auditor. D»te.
The
D'-nomination, $500. Intersest, semi annn^illy
Sept. 1, iyi'3.
Maturity yearly on
at the office of the Cuuntv Treasurer.
September 1. |3 500 from 1904 to 1917, inclusive, and |i,0U0
from 1918 to li^20, inclusive. Authority, Section 4769, Revised Statutes of Ohio, and election held April 6, 19U3.
certified check for 5? of amount of bonds bid for, payable to
the order of A. J. Nunemaker, County Treasurer, required
with each bid, and the purchaser must pay accrued interest.
Holland, Micli.—Bond 6'aie.— On July 21 the $10,000 4%
street- iuiprovement bonds described in V. 77, p. 159, were
awarded to the Millers' Mutual Fire Insurance Co, of Lansing at 100'875 and blank bonds.
Howard toniity, Ind.— Bond Sale.-On July 6 the 18,600
8$ 1-6 year (serial) gravel-road bonds described in V. 76,
Co., Indianapolis,
p. 1421, were awarded to E. if. Campbell
at 101'46 and interest.
IroBtoii, Ohio.— iiond Q^ertng.— Proposslgwill be received
until 12 M,, August 10, by F. A. Ross, City Auditor, for
125 000 4% street- improvement (city's proportion) bonds.
Authority, Section 2835, Revised Statutes of Ohio, DenomDate, Aug. 1, 1903. Interest semi-annually
ination, $1,000.
York City. Maturity,
at the National Park Bank,
Aug. 1, 1923. Bids must be accompanied by a certified check
for $100, payable to the City of Ironton, and the purchaser
will be required to receive and pay for the bonds, together
with accrued interest, within ten days from the time of the
A
&
New
award.
Jackson (Mich.) School District.— Bonds Fofed.— This
on July 14 voted to issue $100,000 high-school and
district
manual-training-school bonds.
Kansas.— Bonds Purchased by School Fmt: d.— According to
the Topeha "Capital" the State School Fund Commissioners
on July 7 purchased thp following school districts bonds: District No. 12, Marshall County, |o,300; District No. 2. E lis
County. $500; District No. 10, Chase County, $700; District
No. 39. Gaham County, ^^500; District No. 22, Osborne County, $8C0; District No. 37, Graham County, $650.
Kansas City (Kan.) School UlRlrict— Bonds AutTwrized
by Leg'slature
By an Act of the State Legislature approved
June 26 this district is authorized to issue the $50,000 bonds
mentiored in V. 77, p. 50, for the purpose of repairing or
replacing school buildings which were injured or destroyed
by the floods of a month ago and to purchase suitable sitts
for and to furnish suoh buildings.
Kemp (Tex.) School District.— Bonds i2«gii«<ered.— Schoolbuilding bonds to the amount of |9,000 were registered by
the State Comptroller on July 18. Date, June 1, 1903. InMaturity, 20 years, optional after 5 years.
terest, 4i.
Lakeland, Ptjlk Coanty, Fia.— Bond O^ertng.— Proposals
will be received until 12 m., September 12, by D. H. Sloan,
Secretary Board of Public Works, for ?36,000 6% water-w rks,
electric light and improvement bonds.
Denomination, |100
Maturity, 20 years; subject to call after 5 years. Certified
check for 5^ of bonds required.
Lampasas County, Texas.- Bonds Registered.— On July 13
the State Comptroller registered an issue of $1,800 4% 5-40year (optional) bridge-repair bonds dated April 10, 1903.
Luncaster School District, Fairfield t'onnty, Ohio.Bonds Not Sold— Bond Offerivg.—The |75,O0O 4% echool-extenei' n bonds described
V. 76, p. 1370, were not sold, The
district is re-adverrising the bonds for sale at 12 M August
15, having increased the interest rate to 5^.
Denomination,
$500.
Date, Aug. 15, 1903. Interest semiannually at the
cflBce ot the Dietiict Treapurer.
Maturity, $7,500 yearly on
August 15 from 1904 to 1913, inclusive. Authority, Sections
3991, 3992 and 3993. Revised Statutes of Obio. Certified
check for $1,500, payable to the Treasurer of the district, required. Accrued iiterest is to be paid by purchaser. Bids
must be made on blanks furnished by the Clerk. Lou E,
E.vman is Clerk ot the Board of Education.
Littleton, N. H. Bond I^sue. This town has delivered to
the stockholders of the Litilston Light & Water Co. $75,000
S^j water bonds in payment for the plant of the company.
The town took possession of the plant on July 1.
LogHU Connty (P. 0. Bellefontaine), Ohio.— Bond Offering
Proposals will be receive! until 2 p. m Aug 3, by F.
E. Milligan, County Auditor, for the foUowirg bonds:
—
m
—
—
—
—
,
215
$28,000 i% pi ko bonds Issued nnrter authority of Section 484fl, Hevlsod Statutes
ot Ohio. Maturity. |7,00U each »lx month!) from Jan. 1, lU 5, to July!.
ICO-*, Inclusive.
4t
diicli b"n<l» tssuefl under authority of Sections 4181 and 44H2, Re80,000
vised Si at 111 es of olilo. Maturity, t&.OUO each six mouths trom Jan. 1.
1V». 4, to July 1, 1007, Inclusive.
DanominatioD of bonds, $500. Dite, Aug. 3, 1903, InterJun. 1 and July 1, at olBce of County Treasurer. A cash
deposit of $250 must be made with the County Treasurer.
est,
Bidders must satisfy themselves as to the legality of the
bonds before bidding.
Lorain, Ohio.— Bond Oferingr.— Proposals will be received until 12 m., Aug. 11, "by J. J. Mahony, City Auditor,
for $200,000 4^ Black-Riverimprovement bonds.
DenominaDate, June 15, 1903
Interest, March 15 and
tion, $l,O0O.
Authority. Section 2(^35, Revised Satutes cf Ohio.
Hept. 15.
Certified check on a local bank for $5,000 payable to the City
Treasurer required.
Louise (Teixas) School District.— Bonda Registered,— On
July 18 the Scare Comptroller registered $5,0U0 5<« 10-20-year
(optional) bonds of this district. Date of bonds, July 1, 1903.
Propo^ials will be reLonlSTlll*>, Gsi.—Bond Offering.
ceived until 9 A. M., July 28, by G. W. Warren, Clerk of
Council, for $20,010 5% water and light bonds. Denomination,
Date, Oct. 1, 1903. loterest annually on Ojt. 1 at
$1,000.
the Western National Bank, New York City. Maturity, 20
years. An unconditional certified check for $1,100, payable
to L. R. Farmer, City Treasurer, required.
Lnzerne County (P. O. Wilkcsbarre), Pa. Bonds to be
Issued. This county will issue $617,000 3%% court-house
bonds. Interest, semi-annual.
Bonds will be free from
axes.
—
—
McLeod Connty (Hinn.) Schcol District No. 18.— Bond
Sale.— Th\B district has sold an issue of $6,400 4% building
bonds to the S'ate Board of Investments at par. Denominations, $501 and $400.
Date, May 22, 1903. Interest, annually on July 1.
Marqaette, Mich.— Bond Q^eringf.— Proposals will be received until 8 p. M., August 3, by Franklin E. Bay, City
Comptroller, for $50,000 'S}4^ refunding city-hall bonds. DenominitioD, $1,0C0. Date, Aug. 15, 1903. Interest, semi-annually at cffice of City Treasurer. Maturity, Aug. 15, 1913.
Meade County, S. Dak.— Loan iVegroftafed.— This county
has negotiated a loan of $24,000 with the State Land Board.
Loan will be used to pay off bonds now outstanding.
Mecca Tuwnt<hip School District, Tromboll County,
Ohio.— Bond wate.— On July 20 the $4,600 4% 1-20-year (serial)
school bonds described in V. 77, p. 105, were awarded to the
First National Bank of Cortland at par. A bid of par was
also received from S. A. Kean of Chicago.
Mercer Connty (P. O. Celloa), Ohio.— Bond 8ale.—On
July 14 eight issues of 4% and 5% pike bonds, aggregating
$33,500, were awarded to the Commercial Bank Co. of Celina
at 100' 149 and interest. With the exception of $3,500 5%
Wendel Road bonds, these eecuritiea were all described in
V. 77, p. 51.
Miller's Palls, Mass.- Bond Sale.—R. L, Day & Co., Boston, were the successful bidders on July 18 for the |10,003 4%
30- year sinking-fund bonds described in V. 77, p. 160, paying
103'67 and interest for the same. Following are the bids
I03fl7
R. L. Day & Co., Boston
lOl-fO
Jose, Parker A Co.. Boston..
101-50
100*50
8. A. Kettn, Chdcato
Parkinson & Burr, Boston
Minneapolis, Minn. Bond O^eringr. -Proposals wi" be
:
. . .
received until 2 P. M., Aug, 10, by the Committee on Ways
and Means, care of Joshua Rogers, City Comptroller, tor
1400,000 bonds as follows
:
$50,000 4* 30-year bridge bonds, dated July 1, 1903.
75,000 4» .so-year street improvemtnt bonds, known as "permanent-lmprovoment bonds," dated July i, )» H.
175,000 4t
year "peiraauent-lmprovement revolving bonds," dated Julyl,
100,000 3HSJ 30-year water-works bonds, dated April
1
IflO.-?.
Denominations, $50, $100, $500 and $1,000. Interest semiannually at the fiscal agency of the city in New York City.
Separate proposals to be made for each issue. Certified check
for 2% of the par value of bonds bid for, payable to C. S.
Hulbert, City Treasurer, required. Accrued interest to be
paid by purchasers. These bonds were offered as 3)^ per
cents (but not sold) on May 23, and again on June 24.
Monrovia (Cal.) School District.- Bond Saie.— The $30,000 b% school-house bonds voted at the election held June 8
were sold on July 13 to W. 8. Turner, through the AdamsPhillips Co, of Los Augeles, at 104 60.
Morgantown (W. Ya.) Independent School District.—
Bond Sale.— On July 14 the $20,000 5% gold school- building
bonds described in V. 77, p. 61, were awarded to W. R, Todd
&
Co., Cincinnati, at 103.
—
Authorized. An ordinance
1-6passed the City Council on July 6 authorizing $6,000
year (serial) bonds for the purpose of paying a deficiency in
the Sanitary Fund caused by a recent epidemic of smallpox.
Denomination, 5>1,000. Date, Sept. 1, 1903. Interest, annual.
Monnt yeriion,OMo.—Bonda
H
Monnt Verncn, So. D^^.— Bonds Offered. — On August 1
Town Board will open bids for the purchase of $5,000
the
water bonds, to be issued in denomination of 11,000.
Monnt Vernon (III.) School District.- Bond O^eriwflr.—
Proposals will be received until August 8 by Rufus Grant,
Clerk Board of Education, for $i5,0c0 4% 5-14 year (serial)
school bonds. Date of bonds, Aug. 1, 1903. Denomination,
Purchaser to furnish blank bonds.
$500.
Interest, annual.
Mnskogree, Ind. Ter.— Bond Offering,— PiopoBala will be
received until 7 P. M,, August 10, by the City Recorder, for
$8 »,000 school bonds. Date, Sept. 1, 1903. Denomination,
$1,()00.
Interest (4, 4^4 or 5 per ceilt) semi-annually at any
bank in the city of Muskogee or at such bank, banking house
———
—
;
THE OHKONICLK
216
or trust company in the city of New York as may be deeignated by the parcbaser. Mtitnrity, Sept. 1, Ut23. A certified
checfe for |4 liOO, payable to the Mayor, r«-qaireJ, and each
bid Qinet contain an agreement to parcba^e the entire issue
and a statement that the bidder has tatitfied hlm>elf as to
the legality ot said bonds. Accrned interest to be paid by
pnrcbastfr. Bonded debt, exclnsive of tble iasoe, $i75,000for
water and sewer system. Assessed yalaation, $2,914,938.
Thomas P. Smith is Mayor.
Ha^hatt, >. a.— Bonds Authorized. -0:i July 14 the City
CouLcU auihoriztd tie issuance of |6u,000 4% high echoolbnildiLg bonds. Securities will mature in 1924.
are advised that
Newlun, Mtiss. Purchaser of Bonds,
the |iOj,Ouu d%% 1-25 year (serial) bonds receotly sold at par
were taken by the Sinking Fund Commiasioners of Newton
Of this issue |50,lOO is tor water purposes and |5U,000 for
sewers. They were awarded on July 15.
New Yo'k CMj.— ^OTtd c'lie.— Oq July 22 the two iesuee
of 8}^i corporate s'ock of this city ag^iregating |3, 500,000
descrioed in V. 77, p. 106, were awarded to VHrious parties at
an average price oi about 103 —a ba&ia of 3'418;{. The allotmenta were as follows
— We
:
11,000. lOi-35
FraokliQ H. Schott
•I
Henry Wagoer
EauDa
DoiK, Kzeo.
Supreme L'dtie C.S.P.S.
Grand l.odue U 6.S ..
Edgar T. Gaildis
J. H, Smart
|
SUO..lO«*50
I.. 104 -It)
1, (O..l0>'£0
6.00u..U'4 2ft
M
6,000.. 10»iO
0,'JO«..lo8"76
l,00j..l'ia-60
l,SO<i..l0VS0
Co..
<
Butr^io
(
lUS 00
8,0
1,000. li>2-i)0
2,u00..102-d0
WOu..lU2'50
100,000. .10<-«1
I00,t0j.. 101-21
Knickerbocker Trust
Co
W Enderliu..
Stephens & Co
IICO.OOO
102-03
luo. 1U200
101-44
f 41,',000
LonK IMand Loan &}
^1
^
Trust Co
•1
00
,loi-i;4
lo'iioo 101-O4
lo!
10, 00.. 100-84
100-64
10,000..
10,
L
W.
R. SlDaoog
I
l,'i00..U).H-5O
liUe A»8o of Amerlca.lOf ,000. .103-00
John A CHUlwell
80,000.. Il2-6Z
6i',o0.i..l0a"60
P. J Walsll
Samuel Wilcoi
Benjaoila Herts
Commercial 'Ir.
r.
If. li.
Goldman, Sachs &
Co.
'
60, 00..Ui-6«
50.0o'..l'>l-lS
60. 00..10rU6
60.'
•O.-IOO-STS
65,230.. 10 -Maa
1.,oiiis
WlndmuUer...
4 Co
Uauo W. KU'lnert
Domiuick & Wi Hums
Kerr
26 000..101-Z6
j;5,0"0 luO-75
11,000.. I01*i6
20,000.. 10100
H'.OliO.. 101-00
William S. Kansdawe 15i, 000.. 10 1-00
Iu0,<i00..1oo-815
ll>bert U. Smith
Queens C J. Sav. Bank. 2^,000. 100-6
White & Casa
8; 6, 1 70.. 100,626
(
a,0O0,0OO.. 102-39
I,600..1ox-;i5
Bmhenholz
The bids received not covered by the above allotments are
showti in the following, The two together furnish a complete record of all bids :
White 4 Case
•500,030 100-826 First National Bk.
S.
f
Goldman,
UO, 00
100-60
'
Sachs &| 10",u00..100'r2i
Co.
I»l«nd
Trnsi Co
•
This
Loan A
K«r80U,L>-acli
4 Co
5
Franklin Trust Co..
100, "00.. 100-562
50,100.
Aaolpb I.ewisobu...
6»)O,0O0..1<i0-075
1111-126
00..100-0O
8,00'.. 100 to
2,000. luO -00
Albert Stokes
Kitward l>a Barker.
M. Sewar M. D.
2i',.
10.O»0..H0-6t
C. H. Dickerman....
5a,000..10u-61
Joshua
60,000.. lOO-OO
6.000.. 100-00
41 ,000.. 101-44
Lone
HarveT.I'isk4S0MS^ t3,600,000..100 60
60,000.. 100-876
20,000.. 101X4
lO.OtO. lolOt
11,0 0..10"-84
W
Edwin M. Coa es....
,
I'ratt
«,'i0ii..l00-0o
the ctiraplete Did, only part of which was accepted.
[Vol. T.XXVII.
bonds are being offered for sale on Aug. 8, and the details of
the bonds and terms of sale will be found on page 106 of the
Chronicle, Jnly u.
Pickn.rd (Mlct>.) School District No. 15.— Bond SfaZe.—
The $3,f)00 5* bonds ot ihis districr described in V. 76, p. 773,
have been sold to Trowbridge & Niver Co. of Chicago.
Plain Township !Silto >l District, Frduhilii Cou. ty, Ohio.
—Bonds Act Sold.— We are advised that the $4,500
school
bonds offered on July 15 were not so d, as "no satisfactory
bids were received for the construction of the building.'"
Bjcds will not bw re-advertieed nnt.il some time next spring.
Pieuhautoii (Kan) School District.- tfonas Foted.— This
dis rict on June 30. by a vote of 145 to 31, autboriztd the
H
isbuance of $7.of!0 school-bouse bonds.
Pleusbnt Kidge, Ohio.— Bond* Not Sold.—
are aflvlsed
that the $14,500 4* w*ier extension bonds offered on July 21
were not sold. Bonds were d^fiorib3d in V. 76, p. 1423.
Pl)Uionth, Kicblaud and Hnron Counties, Ohio, Bonds
Authorized —The Village Council has authorized the issuance of $2,000 water and $2,000 electric light-plabt-improvement bonds. Denomination, $1,000. Dite, Sept. 1, l9o3. Interest, semi annual.
Maturity, $1,000 yearly on June 1 from
We
193) to 19S3, inclusive.
Potahoiilas County, Iowa.— Bond Sate.— This county on
1» eold at par an issue of )3,800 6;£ 1-5- year f serial)
drainage bonds. Denomination, four of $800 each and one
for $6i0,
Dite, July 1, l9o3. Inerest, annual.
Port Huron. Mich.— ii'ond O^erin^.— Proposals will be
received until 12 M., July 29, by E. A. Cady, City Comptroller,
tor $41,0i
4^ repavli g, $15,000 4% school and $10,00() i% sewer
bonds. Date of bonds, July 1, 1903. Interest, semi-annually
at the Hanover National Bank, New York City. Maturity,
July 1, 1923
An unconditional certifi-^d check for 6;^ of the
par value of the bonds, payable to the City ot Port Huron, is
required with bids for each issue.
Bosedale (Kan.) Sihool District.— Bond Sa/e.— This district on July 6 sold an issue of $6,000 5% 15 year school
bonds. Denomination, $1,000. ' Date, July 1, 1908. Interest,
semi-annual.
Rothsay (Hinn.) Independent 8<hool District.— Bond
Sale.- Ou July 20 tue $8,0u0 5$ 5-year school bonds described
in V. 77, p. 106, were awarded to 8. A, Kean of Chioago at
Jane
par.
St. Clond, Minn.— Bids Rejected —All bids received July
13 for the $60,000 4}.{i water-works bonds were rtjected.
St. Francis Levee District, Ark.— Bond Offering.— Thia
district, it is stated, will offer for sale on Aug. 1 $250,000 Q%
30-40-year levee bonds.
St. Joseph, Mo. -Bond 5a?e.— On July 18 the $490,000 4j<
Aggregate ot bids, $8,107,«0j.
20-year reiundiug bonds described in V, 77, p 108, were
North Bellf Vernon (P. •». Belle Vemon), Pa.— Bond
awarded to the Mississippi Valley Trust Co., St. Lonis, at
Sale.— The $i2,50a 5jt cewer bonds descnbeu lu V. 76, p. 1157,
101'28.
have been disposed of to W. H, Scott at 104 40 and acuined
Proposals will be reIs
—
The attorney for the
Ocouto, 'yf Is.— Proposed Election
city has been instructed by the City Council to make provision for holdiog a special election for the purpose of vot>ng
on the question of purchasing the waterworks. A special
committee appointed to inquire into the matter reports that
the plant can be hougbt for $ii0,000.
0«iell, L'Tliiffhton Coanty, 111.— J3ond« Authorized.— Ou
June 19, IWOB, tbe board of Trustees, P. H, LangHU, President, authorized the issuance of $2,500 5^ water works and
improvement bDoos, to be dated July 1, 1903. Denomination, one bond |l 000, maturing July 1, 19u9, and one bond
$1,500, uiaturiu^ July 1, 1910. Interest annually at office of
Village Treiturer.
Odessa, Mo. Bond Sale. This city on July 7 sold an issue
of |A Ouu 5? 10 20 year (optional) electric-light bonds, dated
Jnce 1, 19(i3. to the B^mk of Odessa at 100 50.
ProposMis will be received
Uljpbant. Pa - Bond Offering
until
July 27. by P. L. Walsh, Borough Secretary,
for 120,000 i%% ele trie light and refnnding-loan bonds.
Date, Aug. 1, 1903. Ddnomiaation, |500. Ihterest semi-annually at the Citizentt' Bank, Olypbant. free of tax. Maturity, |5,0u0 Aug 1, 19U8; $5,003 Aug. 1, 1918; $5,000 Aug. 1,
19lb; $5,000 Aug. 1. lM-.i8.
Bonds are subject to call after
Aug I, 1918.
certified check for $400, payable to tbe Borough Tieafcurer, required with each bid and the bonds must
be ^airi for within three weeks from tbe time of the award.
Tbe fS -ial advertisement states that the borough has never
defanlted on interest, never repudiated any bond issued and
is not engaged in any litigation effecting any of its bonds.
Ouaw.>y, Mich. Bond Sale, Ou July 1 this city sold at
lesue ot $i«,(95 6% 20 80 year (optional) water bonds to Spitzer & Co,, Toledo, an 101 25.
Paicbogne (N. ¥.) Union Free School District.— Bond
Election. At the annual school meeting to be held Aug. 4
the quectlon of issuing $8,000 school-hous^-enlargement
bonds will be submitted to a vote of the taxpayers.
Peabody, Mass. Bond Offering.— Propo^&ls will be re
6 p m., July 80, oy Emer M. Poor. Town Treasceived un
urer, for $150,000 4$ coupon water bonds. Dite, Aug. 1,
—
—
—
8pm.
A
I
—
n
Interest, semianonal.
Ma$1,000.
on August 1 from 19' 4 to 1933, incluLegality of tbe bonds baa been passed upon by Messrs.
sive.
Storey, Tborndike, Palmer & Thayer of B ston.
Pease Township (P 0. Martins Ferry), Ohio.— Sond
Denomination,
1903.
turity, $5,000 yearly
Wtthdrown We are advised thi*t the $25,000 ft%
road bonds advertised for sale on July 7 were by repolutlon
withdrawn from the market and a new iesue of $.0,000 5^
The newly authorized
bonds authorized in their place.
Offering
Mich.— Bond
Louis,
St.
interest.
O^T^rtnei.—
and Including July 29 by George
Mayor, for the $12,000 5!^ bonds voted Jnne 29,
up
ceived
to
designated as follows
Three
bonds of
Two
$
1
11,000
S.
Aldrioh,
1903, to be
:
and one 11,200 bonds, to be tknown as "pabUc-improyement
19^>.i."
,0 lO bonds,
to be kn'
wn as "street-opentng bonds
"
One $i,5«0 bond, to be known as "cement- sidewalk bund."
Tnree (1,iOj and one $l,at>0 bond, to be known as "luuding bonds of
1903."
Interest semi-annually at either bank
D-ite, Aug.
Maturity, Aug. 1.
in St. Louif; optional with purchaser.
certified check or draft for $200 on some national
1918.
bank, payable to the Mayor, required with each bid, and the
purchaser must furnish printed forms of bonds for execufull transcript showing legality of bonds will be
tion.
furnished purchaser. Bonded debt of city, including this
1, 1908.
A
A
issue. $54,000.
St. L»ai8 Coanty
(Minn.) School Dlstrkt No 22— Bond
this district sold an issue of $60 000 5;<
8-5 8-year (average) school bonds to Trowbridg« & Niver Co.,
Chicago, at Iu0-8b3. Denomination, $300. Date, Aug. 1,
Sate— OnJuue 30
loterest, semi-annual.
St. P.>nl, Minn.— Bond* Proposed.— This city proposes to
li*03.
^8^U'^
$300,000 A%
30 year
bonds for permanent Improve-
ments.
Sant* Barbara, Cal —Bond Sale.- Oa July 16 the AdamsPhillips Co., was awarded the three iseues of 4J^« gold bonds
described in V. 77, p. 106. The prices paid were as follows:
$40,000 i}4% 1 40 year (serial) water- extension bonds, 100*063;
$20,000 4%l 1-40- year (serial) bridge boi ds, 100 025, and
$14,01)0 A]4% 1 40-year (serial) sewer bonds, loo*035.
Saonders Couuti, Neb.—Bond B:iection.—Aa election will
be held Aug. 18 to vote on the question of issuing $85,000
court house bonds.
Sharon, Pa. -Bond Sale.-Oa July 20 the $80,000 4« 10-30year (optional) sewer, street and fire-department bonds, de-
&
Ellis,
scribed in V. 77, p. 196, were awarded to Harrington
bid
only
rethe
This
was
par
and
interest.
at
York,
New
ceived.
Shenandoah School District, Page Coanty, I<>wa.— Bond
Sale.-Ou July 4 this district sold an issue of $8,000 4}^« 6-10year (optional) echool-bulldiog bonds to the First National
Bank of Shenandoah at 100'35. Bonds are dated Aug. 1, 1908.
Siuox Ceuter, Sioax Coauty, Iowa.— Bonds Voted.— Th\B
recently voted to issue $5,000 10-year gas bonds. De-
town
and date of sale not yet determined.
^omerTtlIH (N. J ) School Dlstrict.-Bo»*d Site.— The following bide were received July 21 for the $90,000 i% bonds
tails of issuH
described in
Taylor JelUffe,
V
New
77, p. 53
:
York....|80,640,0O
|
Bomeryllle
Dime SaT Bank. .•80,800 67
—
July
THE CHKONICLB.
25, 1908.]
217
been antboiizt-d.
«o/d.— Toe $85 000 6« water
and ligbt buuds offered on Jaly 15 were not sold. For deacriptian of hmi^s s^e V. 77. p 53
Sprli ffWells Townhh p, Mich. -Bond Offering.— Bj a vote
the lesaance
of 161 to 51 this towuehip on Jaly 14 authorized
these
bonds
will be
for
Projosala
oonds.
0(1
eewer
i%
of $50
received uiitii 6 P. M July 27, by WlUiatii Uniuh, Township Clerk. DenomlDHtion, fl.OiiO. Date. Au;.'. 1, l9 3 InManrity. Aag. 1. 1933,
terest 8«-uil-ani.U'illy in Detroit.
bank
in Detroit reqaired
on
some
fo
11,0'
Certified check
TwtiUiSeh (>eb.) school l)i8trlct.-Bo7id Eleciton.—A.
special el^cIion will be held Ang. 4 to vote on a propoaition
hundred bonds of fl.OOO each, forty bonds of $500 each and
one bond for !{;3,755 06. Dite, April 15, 1903. Interest, semiannuilly in New York City. Maturity,! 4,755 08 on April
15. 1904, and |12,000 yearly on April 15froml0j5to 1913.
Trenton, N. J.— Bonda Authortzed. The Common Council
has pasatd an ordinance providing for the issuance ol $27,000
30-vear repaving oonds at not exceeding 4i interest.
Tnpelo, .Htss. — Bond O^frmgt.— Proposals win be received
until 7:30 P. M., August 15, by W. D Anders m. Mayor, for
$60, 00 5| gold water and sower bonds, as follows: Twenty
twnds of $100 each, payable one bond yearly, and one hundred and sixteen bonds tf |500 each, payable at the end
Interest, semi annual. Certified check for
of twenty years.
lOj; of tid, payable to tbe Mayor, reqaired.
Union (Ortg.m) Sihoul District.- Bonds Fofed.— This
district on July 6 voted to issue bonds for the erection of a
new school building. Not a single vote was cast against the
to iseur I 6,000 high-school building bonds.
propo-illoa.
validated an
TlAboniii g<», Ind Ti r.-Bond Q^ertriflf.— Proposals will be
received uiitii 8 P m., August 8, by W. A. Bjrah, Town Recorder, fur |iu,0<>0 school and |80,000 wnter works bjnds.
Denomination, |1, 00). Interest at 5!<
Date, Sept. 1, 19)3
payable semi-anuually at any natioLal bank or trust company in New York, Chicago or St. Louis, optional with purchaser. Maturity, Sept. 1, 1923. Authority, Act of Congress
approved March 4, ib98, and the supplemental treaty with
the Choctaw and Chickasaw tribes of Indians approved
Jnly 1, 1902, and confirmed by said tribes Sept. 26, 19 2.
certified check for $1,000, drawn on some national
bank or trust company, payable to the Town Treasurer, required. Purchaser mast pay accrued Interest, if any.
The town has no other bonded indebtedness. Assessed valuation of persoBRl property is given as |500,OCO; the real
estate win not be taxable until 1906. Present value of real
estate is estimated at |< 000.000.
Toledo, Ohio.— Bonda /Vopoaei.- The issuance of $25,000
boulevard bonds is being considered.
ing bonds were sold to tbe National
South OmahalNeb.)^*chool District.— Bonds Not Sold.—
hlghbills were rtceivcd Jaiy 14 for the f 100,000 20-year
No
sohool bonda described in V. 77,
Sonth Uiaoge,
N.
p. 107.
3.— Loan Authorized.— A
nnn
loan of, o-a
la 000
—
in anticiPHiion of tbe collection of taxes has
ISot
Sprli>Kll*l(l,Teun.— fiO'«d«
t
'
,
I'o^ed. -This town
isene of S'S.OjO 8 hool bonds.
Temple, Wa —Bunas
Urbana, Ohio.— Bond Sale.— Oa July 20 $15,000 4^* refund-
has voted and had
Bank
of
Urbana
at
Denomination, $1,000. D.-ite, July 1, 1903. InterMaturity, July 1, 1912.
est, semi-annual.
Waco, Tex..—Frcp >»ed Election.— At a meeting of the City
Council on July 9 a resolution was introduced calling for an
4^ 80-year
elec ion to vote on the qnestlon ot issuing $600
bonds, of which $500,000 is intended f .)r the purchase or construction of wa'er works and$l00,000for bniloing and equipping an electric-light plant. It is stated that the matter will
probably come up tor fiaai action at the next meeting of the
City Council.
Loan Authorized.— ThiB city has been authorized to borrow $50,000 to meet contingent expenses,
Wahoo (Neb.)8choul District. Bond Election.— An election smII be held Aug. 6 to vote en the question of issuing
102-14.
A
$8,000 achool-bu'ldlng bonds.
—
-turchase of Water Plant Authorized.
town on July 20, by a vote of 126 to 4,
authorized the purchase of the plant and franchise of the
Wakefield Water Co for $320,000.
Walla Walla (Wash ) School DiBtrict No. 1.—Bonds
Fofed.— This district recently voted to issue $63,729 69 school
building and refunding bonds.
Wakefield,
The
Masi".
citizens of this
,
Topeka, Kan.— Bonds AM«/u>r«ed.—The City Conncil on
July 13 passed an ordinance providing for the issuance of
$128,7f60« 6« Ptree'-improvement bonds. D-nom'nation, one
NEW
NEW LOANS.
$283,000
N.Y. CITY BONDS
SALE OF MUNICIPAL BONDS
EXEMPT FROM TAXATION,
Cincinnati Southern Railway.
LOANS.
FOR THE LINE OF THE
BearlOE Interest at Tiro and One-Half per cent.
MATURING NOVEMBKR 1, 19^9.
REDEEM AB LB NOVEMBER 1, 1909.
Price
90% and
Interest,
PAY OVER 4"I0 PER CENT
If
A
Redeemed
in 1909,
and over
3;,
to Maturity.
lecal iDvei-tnieDt for tiust funds, will be avail-
able as oetnniy for U S Government deposits In
event of passnee of FiDaocial Measure similar to
Aldricb biil ol last sesskOD of Congress.
These Bonos are oart of an Issue sold by the City
of New York in 1»!?9, for which It received Bids
ranplDg from par to 10l}i$.
CAMMANN &
Members N.
4-5
OO.,
Y. Stock Exchanee,
Broadway.
Sealed proposals will be received at tbe o£Bcc of the Board of Trustees of the Cincinnati Southern Rail,
THE 3D
OF AUGDST, 1903, for the purchase of 500 coupon
until 12 o'clock noon of
bonds, each of the face value of $l,OUO, bearing 3J^ per cent interest, issued by the Board of Trustees of
the Cincinnati Southern Kailway.
These bonds are issued in accordance with and under the provisions of an Act of tbe General Assembly
of tbe State of Ohio, passed April 23, 1898 (»3 O. L., 637), entitled "An Act supplementary to an Act relating;
to cities of tbe first class having a population ezceedine one hundred and Uftythousandintiabitants, passed
May 4, 1869" (66 O. L., 80), and I he resolution of the Board of Trustees of the Cincinnati Southern Railway,
passed the 6th day of June, 1903.
The Said bonds, being one of a series of 1500,000 each, issued, or to be Issued, each year, for a period of
five (5) years, under the corporate seal ot said city, for money borrowed thereon in the Hggregate not to
exceed $2,b00,000, authorized by the above Act to be borrowed by said Board of Trustees as a fund for
ternjinal facilities and permanent betterments for the line of railway ot the Cincinnati Soati em Railway—
a line of railway owned by toe said Ciiy of Cini innnti, and extending from the paid city to tho city o' Ctiattanooga,in the Stale of Tennes-see-and each bond is equally secured by a pledge 'f the faith of the said
Ci y of Cincinnati, and a tax in addition to all other taxes for municipal purposes, which stall be annually
levied b* the C- uncil or Board of Legislation of said citv rin the real »nd ersonai property returned on the
grand levy, sufficient to pay the interest and pn'vide a sinking fund for their final redemption.
The trustees tiHve here'' fi>re i$isued a manuscript, bond to the amount of 1500,000, of date July 1, 1902,
payable July l, 1965, and redeemable July 1, i9>2, under authority conferred b> said Act"f April 23, 1898,
which bond, on beinn offered to the Trustees ot the Sinkii g Fund ot Cincinnati, Ohio, under the laws of said
State, was taken, and i(< n^.w held by said Trustees of the Sinki g Fund.
The s«id bonds are to be issued under date of July 1, 1903, and are natableon t^e first day of July, 1965,
at the America'i Exchange National Bank, in New York City, with Interes therein at the rate of 3^ per
cent ner annum, payable seini-anuua ly on the first days ot January and Ju y in each year, upon the presentation and »urr noer, as they fcveraily mature, of the interest c<>uoon- a tached thereto; payable both ks
to principal and inieri-st in lawiul mo ey "t the United States. Said bonds are redeem dble at tbe option of
the City of Cincinnati on the first day of July, A.D. lfl43, or at any time thereafter, upon payment or the
principal and accrued interest: all ot snid bonds nre to besigoed by the Pre-ideni of the Board o Trustees
of the Cincinnati Southern Railway, and attested by tne Auditor of the City ol Cincinnati, a' d reiiistered
in his oflice, ano also to be registered in the office of the Trustees of the Sinking Fund of said city.
A ceriifled check drawn on a national bank for the amount of 2 per cent of the amou.t bid, payable to
the order o the Board of Trustees of the Cincinnati Southern Railway, must ace
pan y each bid. This
check shall inure to the benefit of tbp city upon the failure of the bidder to comply with the provisions of
his bid or to take the bonds at the amount bid.
No bid for less than pa- and accrued inte est to the day of delivery of the bonds will be accepted ; the
bonds to be delivere;! to the buyer at the Third National Bank in taeCily of Cincinnati on any business day
between the 10th day of August a' d the I5th Dav of August, lft'3.
Bidders must enclose their bids in sealed envelopes, and deposit the same with the Secretary of the
Board of Trustees of the CincionHti Southern Railway, at the office of the Trustees of the Cincinnati
Southern Railway, Odd Fell'Ws Temple, northwes' corner Seventh and Elm streets, Cincinnati, uhlo, on
or before the 3d day of August, 1903, at la o'cl ^ck m .and such sealed envelopes must have indorsed thereon
an^l address of tbe bidder.
the na ure of the Did and he
All bids must state the number of bonds bid for.
Bids will be opened (>n vi.,i]day. the 3d day of August, 1903, at 12 o'clock m., in the presence of the
bidde s, at the office of the Board of Trustees ot the Cincinn ,ti Southern Railway.
Bidders must u>e the printed form-" 'U'nishfd bv tne Secretary ot the Bo-rd of Trustees of the Cincinnati Southern Railway, as none othe's will be received
The B ard ot Trustt-es of the Cincinnati Southern Railway reserves the right to reject any or all bids.
By direction ol the B jard ot Trustees ol tbe Cincinnati Southern Rnilway.
A. FERGUSON, President.
MuNOAY
way
DAY
i
m
Investment bonds
OP
Manlclpalltles,
Railroads
and
Corporation*,
Suitable for Savings Banks. Estates, Tmat
Funds and conservative private investon.
WrUe
for CWeular.
MASON, LEWIS & CO.
BANKERS.
Boston.
Chicago.
i
mme
EDWARD
STANLEY FERGUSON,
Pblladelpbla.
Bloilget, Merritt
&
Co.
BANKERS
16 Conorress Street, Boston.
30 MAMSAO HTHKBT. NEW YORK.
STATE. CITT k RAILROAD BONDS.
Secretary.
T. B. POTTER,
MUNICIPAL arid Dnkinc
MacDonald, McCoy k Co.,
tUMICIPAL AKD COBPORATIOM
172 WashiiL^ton Street,
BONDS.
D^NU^,
CORPORATION
CHICAGO,
•
.
LlBT ON APPLICATION.
ILLS.
Z7Z
La Salle
Street, Chicago.
4 state Street,
BOSTON.
:
THB OHBONICLE.
218
[Vol. LXXVII.
TVllmiu^too, Ite].— Loan Authorized.— Oa J\i\y 17 the City
Board of Audit and Fiuaa^e anchonzed a loan of $30,000 to
meet the city expenses dnring the e^nmmer months,
Worlhington, Otilo.—Bonda Defeated,— On July 6 this
Savings Bank, White Plains, at 109-25. Interest, January 1
and Jaly 1.
Youig-trtwn, Ohio.— Bonds Authorized.- -The City Council has anthoriz-d the following bondi
city dtfeatfd the proposition to issue |15,000 20-year water-
t?,000 5» street-improvemont bonds of 11,000 each. Maturity, $1,C00 yearly on
April 1 f cm U"i6 to 1»10. inclusive.
25,000 6* street. ImpriTenaent bonds (city's proportion) of »2,5'"0 each. Maturity, »-J,5"0 yeariT on Apiil I from Ipog to IHlo, inclusive.
10,860 5% bonds for the payment of obligations arlslne from floods and other
foiep^ of iisture.' Uenonilnatio", »i.02;>. Maturity, one bond yearly
on AiTil 1 from l"0H to liJifr, inclusive.
2,5C0 S« bonds for the flushing of (Iral'is and ditches. Maturity, one bond of
$51.0 yearly on April I from iy06 to 19lP, Inclusive.
works bonds.
Wyandot County (P. 0. Upper Sandnsky), Ohio.— Bond
Oj^rrinf;. — Proposals will be Tfcetved until 12 M
August 3,
by E. N Halbedtl, County Auditor, for $13,000 5« road-improvement bonds. Denomination, $480. Date, June 1, 1903.
Interest seint-aunually at the office of the County Treasurer.
Maturity. $2,400 yearly on October 1 from l»i 5 to 1909, inclusive.
EuLer CHsh or a certified check for $500 required.
These bonds were at first erroneously advertised for sale on
'
,
JqIv 28,
above.
19}3, as
Tafcima Connty
(
The corect
per cents.
4
offtring
^asb.) School District No
8.
is
Interest will be payable semi-annually at office of the City
Treasurer.
STATE AND CITY DEBT CHANGES.
as
Council Bluffs, la.— D, Q. Morgan, Mayor; P. L. Evans,
Council Bluffs is in Pottawattamie County.
Regular Bonded Debt.
INTERSKCTION IMPROV.— (5-208.)
Refunding 1883—
412S, —,$40,000
1915
4128, A&O, $30,000 .Oct. 1,1918
Special assessment bonds.
-Bond
Auditor.
11 this district sold to the State of Washington at par an is'^ue of $1,200 4%* 1-20-year (optional) schoolhouse bonds
Denomination, $600. Date, July 11, 1903. Interest, annnsl.
Yai)kt« n County (P. 0. Yankton), So. Dak.— Fond Offering.— i'T6\>c»a.lB will be rrceived uaiil 2 p. M., August 18, by
C. L Lawrence, Ccunty Auditor, for $30,000 4i courthouse
bonds. Denomination, $500 or $1,000, at option of purchaser,
Dite. OvJt. 1. 1903. luterest, January 1 and July 1 at office
of the Connty Treasurer or at some bank in New York City.
Maturity, Oct. 1, 1923; subj-ct to call after Oct. 1, 1913. An
nncou'iiiioaal certified check on some bank in Yankton for
10< of the tonds bid for must be deposited wi^th the County
Sale.-Uu July
Subject to call after 1903.
Special bonds (all 10-20s).
Funding Bonds—
NEW
LOANS.
Bonded under 5%
Special bon s
t*po(.ial
PARK)
4% SERIAL BONDS.
"SMALL PARK
ISSUE."
The South Park Commissioners
cago,
111.,)
(Chi-
will receive proposals for Five
Hundred (500) One Thousand (§1,000)
Dollar Four (4?) Per Cent Serial Bonds
tmtil two thirty o'clock P. M.,
missioners in the City of Chicago,
Full
information
upon application
may
be
obtained
to the undersigned.
E. G.
SIIUMWAY,
,
,
,
,
,
,
$62,707.
Note -Decrease in valuation since 1899 is due to a chanste 1» the
law. Property was formerly assessed at from 30 to 40% of its value,
but under a new law all rt-al estate is appraised at its supposed full
cash value, of wliich, however, only 25% constitutes the listed or
assessed value.
INTEREST on all the bonds is payable In New York City at the
National Park Bank also at City Treasury.
;
INVESTMENTS.
LOANS.
J. F.
Sealed proposals will be received by the Common
Council of the City of Hollar d, Michigan, at the
office of the City flerk ot s«id cHy, till 7:3 O'CLOCK
P. M.. OF TUESDAY, JUi.Y 21, 1V03, for the
purchase of forty " Slr*et Improvement Bonds,"
in the sum of One Thousand IJoll*rs each (total
issue 140,000), to be issued by said cty; said bonds
to be dated August 1, 1903. and to become due »a
follows: Eijjht bOLds of One Thousand Dollars each
nmtute February 1, 19(4. and eigtit bonds of One
l ot each
of the yearn iyo5, 1906, 1U07 and 1"J08. wiih interest
ai Four and One-Half per cent per aunum, payable
annuallv. Bach pr.noyal mu.-t be HccorapaTiied by
a certified check of t5(,0, payable to the older of the
City ot Holland.
Propoxals must be addressed to William O. Van
Eych, Cilv Clerk, and inoorsed on envelope "bid
lor aonds."
By order of the Common
Council.
Service
HiCH-CRADE
MUNICIPAL,
CORPORATION,
RAILWAY
BONDS.
Indiana Bonds and Local Stocks
a > pedal ty.
RudoipliKIeyboJte&Co.
BANKERS,
8, 1903.
WILLIAM
VAN EYCK,
O.
City Cleik.
DEALERS IN
MUNICIPAL, RAILROAD and
$10,000
OF CORDELE, GA
CITY
STREET RAILWAY
,
BONDS.
5% BONDS.
Sealed bids to be in hands of the
0'( LO'
AUGUST
K
P. M.,
rc-erved to accent or reiect
F(^r lull
5TM.
any and
inlormaiion address
R. L.
Mayor by
1903.
3.SO
Privilege
all bids.
&
Burr,
INVESTMENT BONDS
BONDS.
60 State
E.H.ROLLINS & SONS,
1
NASSAU STREET, NEW YORK.
WILSON, Mayor,
Cordele, Ga.
Perry, Coffin
Corporation
CO.,
•
AND
Public
WILD &
BANKERS,
Thousand Dollars e«ch mature February
Secretary.
MUNICIPAL
2,400
.
Indianapolis, Ind.
Com111.
assessm't bondf..
Street Improvement Bonds.
29, 1903,
at the office of said South Park
$230,000
128,000
,
Dated Holland, Mich., Julv
Wednesday, July
limit..
20s—
City of Holland, Mich.,
OHrCA&O, ILL, (SOUTH
1903
1904
,
#40,000
#^00,000
,
Bonded debt Apr. 1, '03 360.400
1908 Assessed valuation, real. 2,774,080
6s,
$2,000
1909 Assessed valua''n, per'l. 6.'i3,997
17,000
6s,
1910 Assessed valuation, RR. 376,934
33,500
68,
1911 Total valuation, 1902.... 3,805,011
11,000
68,
1912 Assessment 25% appraised value
7,.500
6s,
1913 Tax rate (per M), 1902
4,000
$87-50
63,
1914 Population in 1900 was
10,500
6s,
25,802
1915 Population in 1S90 was... 21,474
6s,
2,500
The special assessment bonds are secured by property certiflcates
Issued and held in trust for bondholders. A tax levy of $5-00 (per
$1,000) is made each year for water purposes.
The total amount of cash In the various funds on April 1, 1903, was
Treasunr.
feilowstrne County (P. 0. Billings), Mont.— Bond Sale.
— On Jaly 20 the §75 000 4« 10-2ii-year (optional) ccurthouse
and j'iil bonds described in V. 77. p. 53, were awarded to the
Thomas Cruse Saviogs Bank, Htlena, at 100 233.
York (Pa.) School District. -J3(md Sa/e— On July 9 the
$50,000 3]4'i bonds offered but not sold on Jane 2 were
awarded to Lawrence Barnum & Co., New York City, at par.
For description of bonds see V. 76, p 1213.
Yorktuwn and Sonitrs Joint School District No. 3, Westchestt^r C«»nnly, N. Y.—Bond Sale.— Oa July 1 an issue of
$7,500 5^ 6-19 year (serial) bonds were awarded to the Home
NEW
,
6s,
$2,300
100
Debt Apr. 1, 1903 —
4i«s, MctS,$200,000.''ept.,'04 to'19
($13,000 in even and $13,500 In
odd years.)
Intkrsection Imp., 10
es,
Street,
BOSTON.
Interest Paid on Daily and
Time
DepositSi
FARSON LEAOH &
00.
Public Securities,
OHICAeO.
MEW
BOBTOM.
YORK..
FHIIiADELFHlA.
BOSTON.
Denrer.
Chlrago.
San Francisco.
MUNICIPAL BONDS.
E. O.
Stanwood &
Co.,
R.
F.
Municipal Bonds,
BA.NKKU8,
121
Devonshire Street,
BOSTON.
FULTON & CO.,
171
la salle
street,
CHICACO.
INVESTMENT BONDS.
SEND FOR
LIST.
DENISON, PRIOR & CO.
CLEVELAND.
BOSTON.
.
JCLY
.
THE CHRONICLE.
25, 1903.]
W. Klock, City Clerk;
This city is in Herkimer
T.— Frank
N.
Falls,
Little
CbsB. A. Fox, City Treasurer.
Plattsmoath, Neb.— This city
Connty.
LOANS—
When Due.
LOANS—
School Bonds—
314S, July. ^65,000... July 1, 1903
($2,000 tlue yearly) to Julv 1, '35.
$12,000
Scliool (list, loan 3»a%
($1,000 due auuuiiHy onNov.lo.)
Watek Bonds—
1906
1916
1917
1919
$53.000
3163,
10.000
110,000
5,000
,
SW......
3ias.M&N,
1913
$25,000
50,»i00...1907 to 1916
10,000. ..Mivv 1, 19J0
Total debt Mav. 1, 1903. $-4(»4.O00
Water debt (included)... 323,000
Total valuation 1902.. ..5,463.J9.S
Assessuteut is at 60% actual value.
Total tax rate (p. M.) 1903..$l!S01
Population in l!:590 was
8.783
Population in 1900 was.. ..10.381
1909
$10,000
(Subject to call after 1904.)
58,
MAN,
1914
$13,000
(Subject to call after 1909.)
Norwood. Ohio.— Geo
E.
Assessment about
When Due
LOANSBouLEVAUD Bonds
June 1, 1921
Os, JAD, $.'>0,000
Bridge Bonds-
I5
actual value.
Total tax (per $1,000) 1901.$43t)0
Population in 1890 was
1,207
Population in 1900 was
1,426
Mills.
5s,
5s,
Mayor; W. E Wichgar,
$20,000. Nov. 15, 1916
20,0<10.Mav 15. 1922
FiBE and Gen. Pdhi'oses, 1894—
Aug. 15. 1914
58, ....,$25,000
Gkh. Purpose Bonds. '92-4-5—
(is, ...
$25.fi68 45 ...Oct. 1, 1906
88, ...
58, ...
24,426 16. Sept 2, 1907
24,293 64.. .Sept. 1, 1908
22.620 62.. Apr. 16. 1920
22,388 32.. Apr. 15,1926
17,818 24. ...Oct. 1, 1926
23.813 10. .Sept. l.S. 1922
48,...
48. ...
5s,
...., $2.=i.OOO.... Sept.
A&O,
58,
5s.
.•>8,
58,
58,
4s.
48.
$20,000.
JAD,
.Apr. 16, 1930
6,000. June l.-^, 1914
5,000.. July 1. 192.^
2,000.. 8<»pt. 1, li^oe
2,000 Nov. 15. 1917
3,000.. Oct. 1. 1908
J&J,
MAS,
M&X,
A&O,
F&A,
A&O,
.
n.000..AUK 15, 1919
15,000.. Apr. 16, 1930
.Apr. 1, 1923
JAJ, $50,000
M&N,
6s,
es,
5s,
M&N, $250,000. .May
.
J&J,
*700,000... .Jan.
*
1910
1921
1,
1,
1,
1921
1917
1923
M&N,
May
$56,500. g
Improvement Bonds—
68, Var.,
6s, Var.,
68, Var.,
$31,97001
58,600 94
37,431 92
68,Var.,
38,833-11
6,417-08
44.080 00
113,784-79
87,755-73
6e, Var.,
6s, Var.,
68, Var.,
68
,
1928
1905
1906
1907
1908
1909
1910
1911
1912
Park Bonds—
J&J, $50,000
June 1, 1921
Bonded debt Mar.l,'03.$5,'261, 500
Water debt (included). ..3,150,000
6s,
Imp't bonds (included).. 431,395
bond sinking fund 143,860
Assessed valuat'n 1903.44,132,592
Assess't about 35 j>.o. actual value.
City tax iper ($1,000) '03. .$1100
Total tax (per$1.000) 1903.$3600
Population in 1900 was. ...90,426
Population in 1890 was
46,385
Iinp't
INTEREST on the general bonds due in 1910 is payable by Blair
Co., New Yorfe
on the general bonds due June 1, 1921, the
boulevard bonds and the park bonds, at the Chemical National Bank,
New York; on the light bonds in New York; on the water bonds due in
1921 in Chicago; on all other bonds in Portland.
&
;
GOLD PAYMENT.—Both principal and interest are payable in gold,
WATER WORKS.— The water works are self-sustaining. The
amount invested
in the entire plant to Jan. 1, 1903,
„
was $4,344,869.
L9l-£.
.
Policies not
marked off Ist January, 1902
791,851 53
Marine Premiums
off
$4 0?4 93i 29
from
December. 1902
$3,284,527 73
$293,165 92
122,523 04
$415,688 96
Ist January, 1902, to 3l8t
Interest received during the year
"
Bent
"
"
less
Taxes
Losses paid during the year whicU were estimated
in 1901 and pievious vears
LiOsses occuired, estimated and paid in 1902
$288,529 63
1,258,611 19
$1,547,140 82
Less Salvages
$118,295 96
83,905 68
Be-insaritnces
Eetums of Premiums and Expenses, $477,850 08
202,201 64
$1,344,939 18
The Company has the following Assets, viz,:
Dnited States and State of New York htock; City. Bank and other Securities
$5,391,199 00
Loans pecured by Collateral, and special deposits in Banks and Trust Company 1,497,088 76
Real Kstate corner Wall aud William streets, cost
$2,657,000
Advanced on account of Real Estate and Lien held thereon
300,000
Other Real Estate and Claims due the Company
75,000 3,032,000 00
T»»0£ .riARK
Premium Notes and
Cash
Bill Receivable
1,058,489 37
hands of European Bankers to pay losses under policies payable in
in the
foreign countries
Cash in Bank
WAS AWARDKD at THK PARIS EXPOSITION TO
WHITING'S STANDARD
PAPERS.
They are the only American papers which have
ever received this— the highest honor that can be
oonfened. It means they are the most perfect
made, insist on having them for your fine correspondence and vonr office stationery. Are yon asing
Whiting's l.iedger Papers in your Blank-BookB.
Samples and l>uoklet free.
WHITING PAPER COMPANY,
188,675 59
262,607 84
Amount
SECURE BANK VAULTS.
A
G.
'i.
BKOWN,
H.
VI
I
WILLIAM E. DODGE,
CORNELIUS ELUBRT,
Flat tjars and 6-Ply Platei and Anslt
FOR 8AFK8, VAULTS. 4c.
^
Cannot be Sawed, Cut or Drilled, and poiltlvely
A. A,
RAVEN, President.
F.
PAKSON.S. VireFretH.
8TEEL,
BoiiKht and Hold.
WORKS,
Kent Ave., Heap and Hooper St»„
BaieManferilnlheD.S
BROOKL.YM,
N. I
CORNELTOS ELDERT,
THEO. P. JOHNSON. ?rf
VICKERS
Kansas Municipal Bonds
Burglar Proof.
CHROME
A
D. H.
MARTIN,
Topeka, Kan.
Secretary.
W. H. H. MOORE,
LEVI P. MORTON,
HENRY PARISH,
FREDEKIC A. PARSONS.
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. HAVEN.
.TOHN L. RlKER,
DOUGLAS ROBINSON.
GU8TAV H. SCHWAB.
WILLIAM C. STUKGE8.
CLEMENT A. GRISCOM.
ANSON W. HAKI),
JOHN D. HEWLETT,
LEWIS 0A8S LEDVARD,
FRANCIS H. LEGGETT,
CHARLES n. LEVERICH,
LEANHER N. LOVBLL,
GKOKGE H. MACY,
CHARLES H. MARSHALL,
FRANCIS M. B\CON.
WILLIAM
BOULTON.
VERNON
STANTON FliOYD-JONES,
TRUSTEES.
EWALD FLEITMANN.
WALDRON P. BKOWN,
JOSEPH H. HAP AN.
SEOKGE C, CLARK.
JAMES G. DE FOKEST,
GENUINE
WELDED CHROME STEEL ANDIRON
$11,4 30,060 56
Six per cent interest on the outstanding certificates of oroflts -will be paid to the holders
thereof, or their legal rrpresentatives, on aud after Tuesday ,"the third of February next.
The outstanding certitlcates of the issue of 1897 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the third of February next, from
which date all interest thereon will cease. The certificates to be produced at the time of
payment, and canceled.
dividend of Forty per cent is declared on the net earned premiums of the Company
for the year ending 3l8t December, 1902, tor which certificates wiU be issued on and after
Tuesday, the fif oh or May next.
By order of the Board,
HOL.YOKE, MASS.,
A nd 150 DuANE S treet - New York. GOSTAV AMSTNCK.
JOHN N. BEACH.
Bound and
1,
New York, January 20th, 1903.
„
^
^
The Trustees, xn Oonformity teith the Charter of the Company, submit the following statement of
its affairs on thejist of Decembtr, iqoz;
Premiums on Marine Risks from let January, 1902, to Slat December, 1902... $3,293 079 76
Premiums marked
THE GRAND PRIX
1,
1,
Refdndino Bonds —
4s,
ATLANTIC MUTUAL INSURANCE COMPANY,
Premiums on
York.
C.
INSURANCE.
fetal
New
Thos.
These bonds are j>ayable, principal and Interest, from the water
not from taxation.
OUtiANiAEU
63-65 Wall Street,
Williams, Mayor;
rates,
MISCELLANEOUS.
CORDAGE.
1928
$50,000.... .May 1, 1921
58,J&J.*2,200,000... July
Total debt Mar. 16, 1903. 594,428
?
Assessiu't bonds (addlt'l)
SluWnjrfund
8,812
4,o70,.590
Tax valuation 1902
Assessm't auout 60% actual value.
Total tax (per $1,000) 1902. $2912
Population in 1900 was
6,480
MANILA SISAL AND JUTE
1,
General Bonds—
6s, F&A. $10,000.... ,Aug.
40,000.... June
68, J&D,
Water Bon OS-
58,
58,
5s,
The American Mfg. Co.
1922
1925
Light Bonds—
A&O, 25,000.Apr. 1,1903-12
A*0, 15,000. ..Oct. 1, 1914
M&S. 5,000. .Mar. 1,1917
Sidewalk Bonds—
15.
'03-21
5«, F&A, $19.000.. Aug.
4»fl8, M&S, 15,000 ..Mar. 1,1915
1922-39
AifeO,
18.000.
.Oct.
5s,
MAS,
5,000... Sept. 1,1917
58,
1,
»S>«e, J&J,
7,000.. Jan. 1,1924 30 48, AAO, 15,000.. Apr. 16, 1930
Street Repair Bonds—
48,
200,000.... .Apr.
Funding Bonds—
5s, JAD, $430,000.... Deo.
1,1915 48,
Montgomery Pike Wid'no Bds. 48
;
Water Works Bonds, 1893-4—
48, A&O, $25, 000. .April 16, 1930
Skwer, Drain. & Ditch Bonds— 5128, J&J. $25,000. Julv 1,1913 22
4fl, AAO, $25,000... .Apr. 16, 1930
5Si8, MAS, 50,000.Sept.l,1904 23
6«,
AAO,
1,
1,
Ferry Bonds-
is in
48, M&NI&,
4». M.feV'»,
J AJ, $500,000.... .Jan.
City Hall Bonds58, JAJ, $175,000.... .Jan. 1, 1917
...July, 1922
5s, JAJ, 500,000
Hamilton Connty.
Sidewalk Bonds (Con.) —
^f^n ^weLOANS—
Electric Light Bonds, 1895— 4e. M&N. 10,000 ..May 2, 1900
1903-1926 48. MifcS, 3,500... Sept. 15, 1922
58, A&O. $24.000
Refdndino Bonds($1,000 due yearly on Oct. 1.)
This city
AQtlimr,
H.
SInlting
Portland is the county-seat of Multnomah County. The cities of
Portland, Kast Portland and Albina were consolidated In June, 1891.
New city charter adopted June 2, 1902. V. 74, p. 1163, 1321.
This oily
Millbauk, 8. I»ak.— J, E, Trnran, City Auditor
Gr«Tt Connty.
^*e" -0"«- Bonded debt Mar. 1, 190.1. $23,000
LOANSAssessed valuation 1902.. 2 10.000
Rkkundino Bonds—
M&N,
Portland, Ore..— Geo.
the county seat of Cass
Devliu, Auditor.
is in
58.
Due.
Refunding Bonds—
58. JAD, $99.000
Water Bonus— (Continued)
3i«8, J&J,
3s, J.VJ,
W7i«»i
is
fund assets
82,000
Assessed valuaf n, real.. 375,000
Assessed valuat'n, pers'l. 103,000
Optioual $2,000 yearly 1904 to Total valuation 1902
478,000
1918 and $67.000on Juue 1.1919. Tax rate (per$l,0OO) 1900.$103.00
Jan 1, 1921 Population in 1S90 was
5s, JAJ. .$90,000
8,392
Bonded debt Mar. 1, '03. .$195,000 Population in 1900 was.
4,964
CotJctv.
31^8
3^68
219
2(1.
Viee-Pres't.
Vice-PresH.
A,
PHELPS,
New York.
INTESTMENT BROKERS,
HJOHJSST GRADE RAILROAD
29 Wall Street
BON DS.
THE CHRONICLE,
220
©ompantcs.
^rtxst
BEAUxMONT
TRUST
FIDELITY TRUST
'i'i
NEWARK,
N.
OF ILLINOIS,
J.
London. England,
Cliy,
Ptne $ireer.
i;}9 C'nuuon 8i.
over
JASON
C.
MOOKE,
OFFICERS:
moCAKTEK
President
lOHN F. DKVDKN.
Vlee-Prealdeni
IKKOfTlK TAYLUK,
Trnsi Oaieer
KHKUEKICK W. EGNBR, See. and Treas.
J Ansa U. SHACK LETON,
Treasurer.
Leslie D.
Kdgar B.
Ward,
Ward.
Henry
A.
Bernard Strauss,
John C. Elsele.
H. fflointrre.
William Soheerer,
Schuyler B. Jackson.
Vmtt.1 U. iTIeCarter,
Jerome Tayler,
Anthony R. Kuser,
Henry K. Wlnthrop,
Forrest F. Dryden,
Robert H. McCarter.
Marh
T. Cox.
WILLIAM R, DAWES, Cashier.
CHARLES T. WEQNER, Asst. Cashlet
MALCOLM Mcdowell, Asst. Secretary.
MAX PAM, General Counsel.
OIRECTORSi
FRANK O. LOWDBJI
HARRY RUBENS,
GRAEME STBWAKT
THOMAS B. LYON
(S^ompiixxvif
BROADWAY
ALEX. H. RBVBLL.
CHARLES G. DAWES.
BANKING
Henry M. Uoremns,
Wm. N. Color Jr.
Otto H. Kahn,
William H.Staake, Jacob E. Ward,
President.
Vice-President.
EARLING,
UAZ PAM,
CHA8. T. BOTNTON,
CHARLES DEERING,
P. A. VALENTINE,
Charles A. Feick,
Wm,
DAWES,
UHRLAUB,
A. J.
Redmond,
S.
G.
LAWRENCE O. MDRRAT, Seoy & Trust Offloer
DIKKCTORSi
Smhn F. Dryden,
J as. W. Alexander,
lames H. Urde.
Uovtlx gimerkan
135
CHARLES
Asat. Seo. dc Asst. Treas.
Does a General Trust Company, Flduol
ary and BanblnK Business, and b'as epeclaJ
faollldes, both here and abroad, for handling
Railroad and all other Good Securities
Executes trusts of every description, and act*
as fiscal agents and registrars for approved
companies.
94,000,00«
l,0OO,0O«
W. IRVING OSBORNE, Vice-President
t'ZAL H.
HORACK U. LANKV. Secretary.
ALFRED H. EVANS, Aist. Seo.
Ivust
Capital,
Surplus,
89,000,000 00.
W. THOMPSON, President.
J. H. BAILEY. Vice-President.
LD. BAKTON. Vice President,
UON. R. C. OUKF, Vice President.
CHICAOO
4 Undivided Profits
Capita/, Surplus
Cblcnso.
139 La Salle Street.
B.
CENTRAL
TRUST COMPANY
COMPANY,
CO.,
BEAUMONT, TEXAS.
New Tork
[Vol. LXXVII.
SAVINGS AND
DEPARTMENTS.
TRUST
Maryland Trust Co.,
Capital
and Surp'us,
N.
CAPITAL SURPLUS.-
CAPITA!. AMD SURPLUS, 86.000,000
FORT WORTH, TEXAS.
GENERAL BANKING.
Chartered, July
Chicago.
26, 1870.
Aeooanti
Trust Department,
ferelgpd Department,
Transacts a general banklne bnslness, accepts and
pays interest on sutIdks deposits, acts as agent for
any approved tlnaucial business, manases and sellt
real estate, looks after estates, makes real estate and
other loans »nd invesiments for clients, nondnctt
mortKace foreciosnres. takes charge of lltiKatloB
and noes a Kenerul ttdoclary and trust business.
J. G.
D. T.
B. H.Carter,
Geo. Thompson,
J.
K. P. Bomar,
R.
Acta as Financial Agent for States, Cities. Towss,
tlailroads and other Corporations Traiuaots a ironaral trust business.
Lends money on approTOd
•eonrlty. Allows Interest un special deposits. AstS
«s Tnutee under Mortgages, Assignments and Deeds
nterest and dividends.
Solicited.
J.
WILLCOX BROWN.
President.
HENRY J. BOWDOIN. 1st Vice-President.
LLOYD L. JACKSON 8d Vine-Prpmrlent.
ALLAN McL AN E,.Sd Vice-President.
CAR- OLL VAN NESS. Hecreiarv & Treas.
High Grade Bondi,
Baving-s Department,
L. S.
ZIMMERMAN,
^m. A. Marburg,
J.Wlllooz Brown.
B. N. Baker,
Fred 'k W. Wood,
Andrew D.Jones.
W. B. Brooks Jr.. Joshua Levering.
Uloyd L. Jackson, James Bond.
G. A. von Lln^ren.
a. A. Parr,
Clayton C. Hall,
Lambert Tree
Erskine M. Phelps,
M'lSes J. Wto'utworth,
E. H. Gar;
Smfti,.
V. Goode,
k
Asst, siec'y
Asat. Treas.
UIHEClORa.
H. J. Bowdoln,
Leopold Strouse,
Benry Walters,
Cyrus H. McCormIck,
Orson
-
if Trust, as Agent (or the Transfer or Registration
3t Btoeka and Bonds, and for the payment of ooupoat.
DIRECTORS:
Marshall Field,
Albert Keep,
A. H. Burley.
Ellas T. Wutklns,
Buos M. Barton,
B. D. Hulbert,
BOMAR. Ist Vice-President.
D, B, KBELKR, 2d Vice-President
A. M. TODNG, Cashier.
Morgan Jones,
1S57.
Safe Deposit Vaalti.
OFFICERS AND DIRECTORS:
WILKINSON, President.
97 125 000.
•
§2.437,500.
1 Legal OepoiltorJ for Cotirt and Tnut TomAa,
SAFE DEPOSIT BOXES FOB RENT.
CONTINENTAL
BANK & TRUST CO.,
ESTABLISHED
Stroocs,
BALTinoRB.
The Merchants'
Loan & Trust Company,
$5,000 000.
W. Corner Calvert and t^eraau
J.
S.
A. Tompkins,
MandelMSM,
John Pleasants.
J.
L
BlaekwsU,
Geo. C.
John
J.8.
L
J enklna,
B.
Wilson
Lemmon
F. I^nreo.
W. Floamoy
VV. C. stripling.
"Th*
OiOett
Tnut Oomvanv in
Oregon."
PORTLAND
TRUST COMPANY
EXECUTIVE OFFICE,
59
OF OREGON.
Incorporated April
CEDAR STREET, NEW YORK.
Acts as Registered Asfent
and
88, 1887.
IWe isjue coupon certificates of deposit for two.
three, four or Ove years on which we pay interest
at the rate of four per rent per annum as per semiannual conpnng attached.
issue call interest
bearina cerntJcates '<f deposit at various rates, as
defined In our D' ok of ILLU8TKATIONS, ooptof
of which we shall l>e glad to furnish.
CUUKN. Prealdent.
B. LEK PAt^ET.
New
Jersev
As Transfer Agent and Registrar for Corporations of all States.
NEW JERSEV OFFICE, 16 EXCHANGE PLACE, JERtiEI CITY.
We
1.
in
AND
I
BBNJ.
Corporations
for
New York
DIRECTORS.
CUYLER, Cuyler, Morgan 4 Company.
OSCAR L.. 1> U B K LAI A N Treasurer Commercial Trust Company of New Jersey.
JOHN y* HA RDENBKMtiH, President Commercial Trust Company of New Jersey.
C. C.
Becretarr.
,
.
&
Oregon
KOMERT S. UOsS, Vice-President Commercial Trust Company of New Jersey.
WILLIAM C. SHKKUOOD, Vice President of the Company.
EDIIUNU VV. UAKKLKE, Treasurer of tbe Company.
GKOHGK VV. V<»UNG, President United States Mortgage & Trust Company,
Philadelphia
JAiUES
Securities Co.
McKAY BLOC, PORTLAND, ORE.
Capital,
$100,000.
"BANKERS AND BROKERS."
21
St.
slnee 1886. «2.
Single issues
WILUA.M B.
CO.,
76^4 Pine St., cor. Pearl, New Vork.
and Undivided
Profits,
$2,400,000.
Transacts a General Trnst and Banking Business.
Allows interest on Daily Balances.
OFFICERS!
JOHN
RICHARD DELAFIELD,
CORD MEYER,
JAMBS VV. TAPPIN.
U.
BORNE,
President.
Vice-Presidents
ARPAD S. GROSSMANN, Treasurer
EDMUND L J U D80N, Secretary.
PHILIP
S.
BABCuCK,
Trust
Officer.
TRUSTEES:
Henry O. HnTeineyer, Daniel O'Day,
Fercival Kuhne,
Price, $35.
DANA
Vork.
Building, 222
Capital, Surplus
Review 1881-1902.
annual issues.
President National Realty Company.
*
mlntstraior ezecuior, guardian, assigriee, receiver,
transfer »gent and reglsirar. Trust funds and trust
inyestments are kept separate from the assets of
Loans made r>r capitalists on city real
tte bank
Large tracts of timber
estate or farms gunranleed
and a^ncuitaral lands for sale.
Corresp<^>ndf nee solicited.
Marlon A. Butler. Attorney for Company.
References: Portland Trust Company of Oregon,
Portland: MercbHni.'Natl'nHi Bank, Portland. cJre.;
hirst NaTIrst National Rank of Hendleton. Ore
tional Bank. Baker CUT. Ore. The Bradstreet Co.
The
YOUNU,
COMPANY,
TRUST
COLONIAL
Paul
Broadway, New
Loans on approved security. Bonds bought and
old. Imerest paid on Uw^ dep sits Acts as ad-
Financial
C.
,'
AnMon R. Flower,
Lowell >1. Palmer,
John K. Borne,
Richard DelaHeld,
Frank i^urtlHH,
Vernon H. Hrown,
Seth
lU. Alilllken,
W
Cord Meyer,
Perry Belmont,
Win. T. Ward well,
Henry N. Whitney,
Tbeo. VV. Alyers,
Sewdro Webb
L. C. DeKHar,
(>eo.
Warren Smith
John
S. Illckeraon,
W. Tappln,
W. Quintard,
J nines
tieo.
@FedFRASER