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Quotation -Supplement (Monthly)
Investors Supplem ent (oweny)
Street Railway Supplement
State and City Supplement <5™ ^$
Entered according to Act of Congress, In the year 1903, by W il l ia m B. D ana C o m p a n y , in the office of librarian of Congress, W ash in gton , D. O
SATURDAY, JUNK 13. 1903.
V O L . 76.
W eek ending Jun e
glxe Chronicle.
Clearings at—
PUBLISHED WEEKLY.
T e rm s o l S u b s c r ip tio n — P a y a b le in A d v a n ce
For One Year..................................................................................... $10 00
For Six Months................................................................................. 6 00
European Subscription (including postage)....................................... 13 00
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Annual Subscription in London (including postage)....................... £2 14s.
Six Months Subscription in Loudon (including postage)................ £1 11 s.
Above subscription includes —
B ank and Quotation supplement I
Street R ailw ay S upplement
I nvestors’ S upplement
|
State and C ity S upplement
T e rm s oi A d v e r t is in g — P e r In c h S p ace
Transient matter per inch space (14 agate lines).......................
( Two Months
(8 times)
fifAndintr
Business Cards
Tarda -v
' Three
Months (20
(13 times]
times]
btanning Business
Six Month8
( Twelve Months (52 times).
Boston...............
P ro v id e n ce -.............
H
artford.........
...
New
Haven-.........
Worcester............
Springfield.........
Portland......................
Kali ltlver.... .......
L ow ell................... ...
NewBedford........
Holyoke.............
Total NewEngland.
Chicago......... .
$4 20
22 00
29 00
60 00
87 00
LONDON AGEN TS:
Messrs. E dwards & Smith, 1 Drapers* Gardens, E. C., will take subicnptions and advertisements, and supply single copies of the paper at Is.
each.
W I L L I A M B . D A N A C O M P A N Y , P u b li s h e r s ,
Fine Street, Corner oi' Fenrl Street,
Post Office Box 958.
NEW Y O R K .
Cincinnati.....
Cleveland.....
Detroit........ .
Milwaukee ..
Indianapolis...
Columbus..... .
Peoria...........
Toledo......... .
Grand Rapids
Dayton..........
Evansville ....
Akron........... .
Spriuglield. Ill
Yoo u ngstow n ..............
Kalam azoo..................
L e x in g t o n .....................
Canton.........................
Rockford............
Bloomington........
Springtield. O............
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses o f the
United States for the week ending to-day, June 13, have
been §2,292,399,299, against $2,427,053,131 last week and
$1,859,125,021 the corresponding week last year.
Clearings— llet urns oy Telegraph.
W eek Ending J a n e 13.
New York........................................
Boston............................................
Philadelphia...................................
Baltimore......................................
Chicago...........................................
St. Louis..........................................
New Orleans...................................
Seven cities, 5 days....................
Other cities, 5 days..........................
Total all cities, 5 days................
All cities, 1 day...............................
Total all cities for week.............
• Partly estimated.
1903.
NO. 1981.
1902.
P. Cent.
*1,157,394,178
117,560,503
92,603.130
21.286,791
143,031,688
35,256,922
12,456.584
$894,108,821
100.103,679
83.808,121
18,062,955
131,311,302
41.406,101
8,801.084
-f-29'4
+10*8
4-10*5
4-17*8
4-89
—149
4-40*6
$1,579,595,802
297,942.018
$1,283,722,063
250.096 411
4-23*1
4-19*1
4-22*4
+27*5
Quincy.....................
Decatur........................
M ansfield...................
Jack son ville......... .
Jackson............................
Ann Arbor..........
Total Mid. Western
San Francisco.
Los Angeles...,
Salt l^ake City..
Seattle............
Portland.........
Spokane.........
Tacoma..........
Helena...........
Fargo..............
Sioux Falls.....
Total Pacific.
1903
1902
8
Inc. or
Dec
^0
$
156,695.518
7,150 200
3.281,805
2,101,225
1.075,815
1,853.571
1.018.745
872,639
560,210
750.593
090.408
177,290,729
134.895.484
0.005.900
2,978.945
2.570,090
1,659 770
1.702,222
1.664.599
823,386
612,159
551,200
438.781
154.502,536
+16*2
—8*3
H- 10*2
A -150
177.516.781
25.098.750
15,555.685
11.475.829
7,327.095
7,632,925
5.299.700
3,357,405
2.701.857
2.104.071
1.573,482
1,040,382
700,000
770 237
692,133
719,828
666.024
580.444
314,583
482,052
397.102
370,422
343,766
220,616
230.507
225,000
121.620
267,584,950
161.991.828
27,350.550
16.074.797
11,442,033
6,984,704
5.794.592
4.119,370
2.474,141
2,328,405
1,823.414
1,331,710
1,111,454
584,200
680,910
662,668
470 732
552,433
535,501
296,295
375,731
383,459
269.270
S25.046
103.270
192 517
198,055
92,570
248,004,345
29.565,799
0.033.008
2.957,594
4,33*2.490
3,404.212
2,588.304
1.977.039
970,648
420,985
221,392
52,491,477
23,251,386
5.813.586
8.053.141
8.800.986
2,840.720
1,838,468
1,639,440
670.628
460,991
263,929
43,202,281
6
1901.
1900.
$
$
152.302,313
0,010.900
2,881.214
1.638,021
1,455.584
1,640.280
1,362,224
797.060
759.750
517.603
362,886
109,770.815
118.838.744
5,678,100
2,321,885
1.456.630
1,108,945
1,.-133,006
892,012
825,278
571.898
447,125
209,051
133.864,174
49-6
—8*2
—3*2
40-3
4-49
-31*7
-28*0
4*5-7
-19*5
-15*4
-18-2
—0-4
4-19 9
4-13*2
4 4 ‘5
H[-5*2 9
4 -20-0
484
47-9
428-5
43*0
1-39"8
H
+5*8
-j[-35*7
- -19*7
K13 3
H
[-31*4
H
476
164,905 438
22,050,600
14,864,984
13.087.807
7,413,084
4,815.000
3.977.050
2.415,628
2,222,327
1.288.869
1,205,201
931,774
662,700
605.320
403.025
432.810
547,488
353.424
315,017
318.319
279,341
293,341
136,264,228
18,285.450
12/287,134
8.708,635
5.894,031
3,212,468
2,805,750
1,706,026
2.018.799
1,187,058
1.064,788
069,166
569,100
504,954
828.725
420,048
433,838
305.000
258.128
258,465
210.530
225.000
55,000
190,914
250,389
101.035
243,994,881
50.o66
153.220
130,000
198,160,142
427*2
4-13-5
—31
4 -12*1
4-196
-J-40-8
4-21*8
444-7
—8-7
-16*1
4-21*5
21,170,818
3.095.778
3,140,748
3,152.444
2.600.000
1,245,786
1.227,120
6*0,838
410,323
230,639
36,963.510
18,993,071
2.300.745
1,945,438
2,221,155
2.015.444
1,187,140
1,849.034
612.465
378,308
177.207
31,180,967
410
45.2
—2-8
400
—8*5
4-32-5
-1-57 5
4-147
14.861,850
19.055.925
14,920,636
17,625,158 -15*4
Kansas City..........
12,258,759
11,782,979
12,350.295
12.367,685 —o-i
Minneapolis........
6.670.259
7.807.819 4 4 1
6,895.493
8.190,295
Omaha..................
$1,877,537,820
$1,533,818,474
4,945,422
0.116,492
4,812,187
5,305,402 415*3
St. Paul................
5,344,073
5,559,898
414,861,479
4,096.883
5,525,081
325,300.547
-25*9
St. Joseph.............
4.192.290
8,958,104
4,789,084
4.798 500 —0*2
Denver................
$2,292,399,299
$1,859,125,021
4-23*3 I)es Moines..........
1,402,854
1,692.888
2.440,404 —307
1,639.282
1,278,131
1.306,626
1,703,143
1.972,681
-13-6
Sioux City............
748,307
899,388
856.088
-15
0
1,007,065
Topeka................
1,127,102
1,143.192
1.235,104 - 7 5
1,142,463
The full details for the week covered by the above w ill be Davenport...........
563,798
687,992
564,121
504,*81 421*8
Wichita................
given next Saturday. W e cannot furnish them to-day, clear Colorado
400.000
710,182
550,000 -273
Springs...
159.370
201.933
—94
186,314
223,000
Fremont.............
ings being made up by the clearing houses at noon on Satur
63,324.725
58,783.154
01.483,080 —7*0
Total other West’rn 57.154,921
day, and hence in the above the last day o f the week has to
33,045,153
51,006,030
52.117.556
56,519,396 —7*8
St. Louis.............
be in all cases estimated, as we go to press Friday night.
8,078.571
11,673,849
9,334,965
10,751,193 48-6
New Orleans........
7,510,721
30,051.425
12,170,822
11,271.305 48*0
W e present below our usual detailed figures for the previous Louisville.............
2.645,768
3,516,168
4,937.056 - [-290
6,309,366
Houston..............
week, covering the returns for the period ending with Satur Galveston............
2,730,000
2,779,000
2,878,500
2,761,000 44-3
4,025,465
5,165,442
4,123,309
4.14 4.088 424*6
day noon, June 13, and the results for the corresponding Richmond.............
3,221.907
2,367,119
2,374,722
2,810.359 -15*8
week in 1902, 1901 and 1900 are also given. Contrasted with Savannah.............
2,459,537
3,123,087
. 5,421,402
3,256,731 4-66"5
Memphis.............
1,521,961
1,838.708
2,294,592 —0*9
2,273,227
the week of 1902 the total for the whole country shows a gain Atlanta................ .
1,704,101
1.468.707
2.086.100
1,894,170 4-41*9
Nashville..............
of 15*4 per cent. Outside o f N ew York the increase over 1902 Norfolk................
1,397,736
1,343,203
1.348,604
1,759,492
.
- -30*5
011,089
730.094
923,731
1,019,495 —9-4
Augusta................
is 5*6 per cent.
1,240,080
1,450,854
1,612.548
1,402,141 48*0
Fort Worth............
827,113
841,205
-23 7
1.264.310
1,022,380 H
Birmingham........ .
W eek ending J u n e 6.
431.609
467,526
737,000 41-2
740,607
Little Rock...........
601,523
Clearings at —
622,170
1,172,906
723,015
-60*9
Knoxville...............
Inc. or
1903.
1902.
1901.
1900.
524,000
557,000
437.000 - -51*3
661,000
Macon.....................
Dec.
462.411
484.727
025.000
533.591 -17 1
Chattanooga..........
$
$
b
400.000
342,893 -10-7
$
%
Beaumont...............
New York................ 1.516.522,685 1.241,207.232 4-22*2 1,899 334,382 898.061.097 Jacksonville...........
341.335
240,292
370.275
446,625 -17*1
Philadelphia............ 129.760.663 118,351.942 4-9*6 114,855,684 85.963,810 Charleston.............
815.576 Not include d in to ral
Pittsburgh................
55.921,780
43.988,74b 4-271
46.525,926
34,280,610
96,063,805
73.285.037
112,659,372 108.532,074 4 3 8
Total Southern....
Baltimore...........
27.546,841
24.506,03*
21,014.081
26,348.218
Buffalo....................
Total all............. . 2,427.053.131 2,103.266,283 415 4 2.745,207,716 1.547.000,585
0.686.809
5,234.667 T O
6,929,712
5.890.596
Washington.............
5.039, T09
3.059,109
4,547,688 4-10*3
3,142,182
Ontside New York. 910,530,4413 860.059,051 4-5*0 848,173,354 048,945,488
Albany.....................
4.767,235
3.905,169 4-20*2
2.091.891
3,525.901
Canada —
Rochester................
4,107,302
3.712.009 +10 6
2,5*8.279
4,300,167
Utica........................
2.104.469
18,540.65*
14,571,242
2,200,000 —4*3
27,231,250
22.677,224 420*1
Montreal................
Scranton......... .
13,795.889
11,696,421
1,967.610
1,621.238 4-21*3
19.020.792 42*1
957,079 Toronto.................
1,353,804
20,036,456
Syracuse.............
1,960,091
2 239,992
1,1*4,402
1,429.749 4-3*8
3,380,968 4-50*3
1,242,557
1,186,745 Winnipeg................
5.0*1.389
Wilmington.............
1,261,073
1,563,648
1,866,483
1,172,750 4-7*9
1,844,*08 -1-25*0
945,77*
884,456 Halifax...................
2.305.50*
\\ i Ues Barre...........
.........
1.2S2.140
8*3,71* —45*1
950.754
•••••••a
3,036,319 A -17-6
2,277,588
Ottawa....................
W h eelin g....................
973,326
1,871.427
1,728.292
757,977 4-28*9
5*7,232
47-1
2,003.071
Quebec...................
Binghamton............
407.100
431,700 —3*7
990,697
1,207.756 H
888,897
391.000
404 900 Vancouver..............
1,358,907
-12 5
Greeasbur*..............
0I1.S9S
817,488
510.597 4-6*1
508.880
393,719 Hamilton................
1,035.900 H
-22*3
801,328
1,268,828
Chester....................
Uu.57*
778,164
367.286 4-33*6
855,142
1,007,077 —81
534.87*
816,158 St. John..................
'925,499
KUe .............................
520,951 Not include d In to tal.
495.200
-14
5
820,710
671,887
423.615
V ictoria..................
Franklin, P a..............
213.842 Not include d in to tal.
872.790 4io*3
902,584
.........
London....... ...........
Total Middle .......... 1.759 871.676 1.480.670.70S 4-18*4 2139.635.481 1.057.191,810
41.280,250
55 950.867 414*2
33,818,379
63.875,245
Total Canada.......
1268
THE CHRONICLE.
TEE FINANCIAL SITUATION.
Besides the rains, which have been very beneficial
in the Eastern sections of the country but have
brought disaster at some points in the South;
besides also the improving state of the labor
situation, especially in New York, and the raids of
the bears at our Stock Exchange,^ very little of
influence in industrial circles has occurred this week.
The bear raids have proved in one particular a not
wholly unfavorable incident, for they have served
to demonstrate the strength as well as the weak
ness of prices.
On Wednesday the pressure was
especially severe, stocks having been thrown upon the
market in a most reckless way, as If the attacking
party had complete confidence in the vulnerability of
values, until demoralization prevailed attended with
a good deal of liquidation.
It came, no doubt,
as a surprise to the destructionists that hard-pan
was so soon reached; for it happened that strong
parties stood ready to pick up with equal avidity
all bargains offered.
The bears found they had
to contend against and reckon with a new factor.
Investment buying has become a decided feature dur
ing the last two weeks. It is a kind of buying that
does not make a fuss nor strike an attitude for effect;
it is, though, continuous without display. We wrote
two weeks ago about the leading investment stocks
having reached a point to attract investors. The same
condition has now a much wider application. This
buying will not largely follow the rising values. It
is wary— waiting for the bargains the bears have got
to offer In the effort to work their way out of the hole
they have fallen into.
It seems, according to an interview in London with
Lord Rothschild on Thursday, that Europe also has
been a free purchaser of American stocks and bonds
at present prices. In reply to the question what he
thought of our securities, he said that the best answer
he could give was that he had just made a purchase
shown by the ticker of 500 shares of an American rail
way. “ That,” he added, “ is of course only a drop
in the bucket, but I may tell you that one of the
wealthiest capitalists I know yesterday invested £200,000 in American securities, and he put another £200,000 into them again this morning.” Qe further said
that the depreciation in our stock values “ was not
caused by European selling for the good reason that
Europe has scarcely any American securities to sell.”
“ Yesterday's sales in London were almost entirely on
New York orders.”
The rains which have visited the Middle and the
New England States the past week have been of in
calculable benefit. Crops in those sections do not
attract the attention in Wall Street that the agricul
tural products of the other States do, because rail
road traffic as a whole is affected to only a small ex
tent by them. But on this occasion the drought
lasted 50 days in the larger part of the States men
tioned and longer in some sections, until the hay crop
had been destroyed, pastures had dried up, the
growth of grains and of all food products had been
arrested, even seed planted failing to germinate, and
until fodder had become so short that provision
for the feeding of cows and other cattle was
reported to be a serious undertaking. Fortunately
the drought ocourred so early in the season that the
harm done was not Irreparable. That is to say, it was
[Vol. LXXVI,
not too late when the rains came to recover the great*
part of the loss except of the hay crop. There is tim
yet for vegetables to be secured, a corn crop to
raised, the harm done to wheat and oats to be In co
siderable part repaired, cornstalks, fodder corn, Hu
garian grass, &c., for cattle to be grown. Altogeth*
the change in the agricultural condition since th
rains, from the prospects of a few days previous, fu
nishes a stronger contrast from extreme discouragment to a fairly cheerful outlook than it has e v
before been our privilege to record.
Not all the recent rains have been relieved of tl
terrors which have this season In so many cases a
companied them. By a cloudburst in Spartanbu:
Co., South Carolina, on Saturday last serious damaj
was done to s number of the finest cotton mills in tl
South. It is estimated that the value of the properi
destroyed and damaged reaches close to $4,500,00 ,
Those which suffered the most were the three PacoL i
mills, two of which were destroyed and one serious
damaged, and the three Clifton Manufacturing Con
pany mills, one of which was destroyed and two vei
seriously damaged. Taken together, these six mill
In making their report for the year 1901-02 to u
gave their spindles in the aggregate at 158,22 ,
The only other mill actually destroyed was a con
paratively small property at Cowpens, the Mar
Louise Mill. But there were a good many at oth< i
points that were either seriously damaged or so fs
put out of use as to make the total spindles whic
have for the time being been forced to stop operatior
260,000, consuming fully 112,000 bales of co
ton yearly. In the cases of damage, as well as 1
the cases where the mills were destroyed, almost a
the machinery is ruined; also, by the destruction t
the warehouses connected with the mills, a conBide:
able quantity of finished goods, besides raw cottor
has been washed away. The Clifton warehouses alon
contained nearly 2,000 bales of cotton. It Is const
quently evident that some time must elapse befoi
any of the mills will be at work again. Latest ac
vices, however, indicate that steps are already bein
taken to repair and to rebuild.
—
The Agricultural Bureau's monthly report on th
condition of the grain crops, issued the present week
has much in it of an encouraging nature. A de
cldedly unfavorable showing had been looked for a
far as wheat is concerned, on account of excessiv
rains and overflows. The Bureau does lower the av
erage of condition, reducing it from 92*6 on May 1 t
82*2 on June 1, but even at this smaller figurn
the condition still stands higher than a yeai
ago, when It was reported only 76*1. Moreover
the acreage under winter wheat is much larger, thj
Department's estimate a month ago having showi
4,525,000 acres (or 15 8 per cent) more area than th
area harvested in 1902. Considering how prone th
Agricultural Department is to overstate damage o
any kind, we may safely take it for granted that th
lower figure of condition now reported represents thi
extreme of impairment, even though the report come
down to only the first of June and some further dam
age may have been done by overflows since that time
With the condition six points better than at the sami
date in 1902, and the area over 4| million acres larger
it is estimated the winter-wheat yield the presen
season will be fully 70 million bushels in excess oj
J une 13, 1903.J
THE CHRONICLE
that of last year. As far as spring wheat Is concerned,
the showing Is extremely favorable, the average o!
condition being given a trifle larger even than the
high figure of 1902, namely 95*9, against 90 4, while
the decrease in acreage devoted to spring wheat is
only 364,000 aores. Altogether, therefore, the indica
tions still are— barring of course future impairment of
the spring-wheat prospects—of one of the largest
wheat crops on record. As relates to oats, some loss
would appear to be likely.
Nevertheless indica
tions even In this oase are of a very large yield,
though not up to the extraordinary figure of the
previous year. The Department makes the acreage
3 ‘2 per cent less than In 1902, and the condition 85 5
as against 90*6. With no further chaDge before
harvest, these figures would point to a crop about 125
million bushels less than in 1902, but it should not be
forgotten that the 1902 orop of oats was close to 1,000
million bushels.
Some further decline in prices of iron and steel
has occurred this week. As previously pointed out
by us, however, thiB is by no means an unfavorable
feature in the situation. Rather the reverse. It in
dicates that in the constant and enormous increase in
production, which has been the feature of recent
years, we have at length reached the point where we
can fully supply domestic wants, thus dispensing with
the need of any further foreign supplies after
existing orders have been filled. This view finds par
ticular confirmation in the “ Iron Age's” monthly state
ment of iron production. With the addition to fur
nace capacity which has occurred, it is almost needless
to say that a new record has been reached, far sur
passing the highest previous figures. As a matter of
fact, our contemporary reports the capacity of the
furnaces in blast the first of June as close to four
hundred thousand tons per week— 398,139 tons. This
compares with only 381,697 tons on May 1st, 376,576
tons on April lBt, 354,733 tons on March 1st and
343,111 tons on February 1st. In other words, during
the last four months the capacity of the furnaces
in active operation has been added to in amount of 55
thousand tons per week. Moreover the “ A g e ” finds
that over 1£ million tons of iron (1,758,423 tons) was
actually made In May, which is at the rate of 21 mil
lion tons of iron a year. With it all, furnace stocks
are increasing at a very slow pace. The “ A ge's” fig
ures never include the holdings of the steel works
producing their own iron, but outside of these the
total of furnace stocks, sold and unsold, Increased
only 40,661 tons during the month. Even after this
increase the total amounts to but 203,403 tons—
which is about half a week's production of all the
furnaces in blast. Truly, our iron and steel trades are
in a state of remarkable activity.
It is interesting to recall that it is now somewhat
over a year since the anthracite coal miners' strike,
which continued for so many months, was precipitated.
The thought is suggested by the appearance of some
figures showing the amount of anthracite mined in
May this year as compared with May last year. The
1902 total, by reason of the strike (which began on
the 12th of May), was no more than 1,708,802 tons; the
present year, with the mines in operation, the output
has been 5,156,449 tons— that Is, this year's product
was three times that of last year. It appears that for
the five months of the calendar year to May 31st 26,-
1269
448,455 tons of anthracite nave been shipped, as com
pared with only 18,731,879 tons In May 1902, an in
crease of almost 7$ million tons. This increase,
while it may seem large, goes only a small way to
make up for the great deficiency of production sus
tained in 1902 by the prolonged strike. The reader
may recall that for the twelve months of 1902 anthra
cite production reached only 31,200,890 tons, as
against 53,568,601 tons In the twelve months of 1901,
a deficiency of over 22 million tons. It is thus evi
dent that the present rate of output can be main
tained for the remainder of 1903 without this
deficiency belDg made up.
While on anthracite matters, it is pertinent to note
that the Inter-State Commerce Commission has again
been overruled. In the investigation which the Com
mission is making into anthracite matters at the in
stance of a sensational daily newspaper, the
Commission had asked a series of questions
of the officials of the coal companies who had
been called as witnesses which these officials re
fused to answer because they were entirely
irrelevant to the point at issue and because the com
plainant was not himself a shipper of coal. For the
same reasons they refused to produce certain contracts
called for. The Commission thereupon appealed to
the courts and yesterday Judge Lacombe in the U. S.
Circuit Court handed down a decision sustaining the
operators in their refusal and denying every Item in
the petition filed by the Commission, the only excep
tion being in the case of one very minor question.
The victory in this Instance will be particularly wel
come to all right-thinking people, because there seems
no good reason why the Commission should allow
itself to be used to promote private ends.
The Imperial Bank of Germany on Monday ad
vanced its official rate of discount from 3J per cent,
at which it had stood since February 11, to 4 per cent.
No change was made by the other Earopean banks.
The tragedy at Belgrade had no disturbing influence
upon the foreign financial situation, though Servian
securities were weak at Paris.
The striking feature of the statement of the New
York Associated Banks last week was the loss of
$8,483,700 cash, which was understood to have been
chiefly caused by withdrawals from the banks by those
of the trust companies which will continue to avail
themselves of Clearing House privileges of cash
required for their reserves under the rules of the
Association. Loans were reduced $7,837,800, reflect
ing the liquidation in the stock market, and deposits
decreased $14,456,800. The required reserve was
reduced by $3,614,200, which sum deducted from the
loss of cash left $4,869,600 as the decrease in surplus
reserve, which item now stands at $4,775,650. Cal
culated upon the basis of deposits, less those of
$37,214,000 of public funds, the surplus is $14,079,150. It is noteworthy that the cash reserve of the
banks now is only $5,110,500 in excess of the lowest
of the year, which was recorded April 4. The bank
statement of this week will, it Is expected, reflect the
withdrawal of $250,000 gold, which was exported to
Berlin on Tuesday, and $160,000 transferred to New
Orleans on that day and $200,000 transferred on Fri
day ; $1,350,000 gold was withdrawn on Friday for
shipment to South America to day (Saturday).
The applications for the exchange of refundable
bonds for the 2 per cent consols have amounted sinoe
1270
THE CHRONICLE,
[VOL. LXXVI.
refunding began on April 1 to $71,771,950 and the result of the export movement, early in the fall, of
actual exchanges up to June 11 were $71,691,450.
grain and cotton. The security bills which came
upon the market after Wednesday rt fleeted large
Money on call was firm on Monday, influenced by purchases of stocks by prominent houses abroad, and
the unfavorable bank statement and by disquieting also general arbitrage buying, stimulated by the
rumors, which caused some calling of loans, but the views of the situation in America expressed by Lord^
higher rates attracted supplies from near-by cities, Rothschild of London through the press on Thursday.
and the tone grew easier after Tuesday. Bankers’ There was a withdrawal by Baring, Magoun & Co. on
balances loaned on Monday at 4 per cent and at 2 Monday of $251,282 44 gold for shipment to Berlin on
per cent, with the bulk of the business at 3 f per the following day; this export was said to be due to
cent. On Tuesday transactions were at 3£ per cent a special order. Arrangements were made by this
and at 2 per cent, with the majority at 2£ per cent. house for the shipment of $600,000 gold coin, by LaOn Wednesday loans were at 3 per cent and at denburg, Thalmann & Co. of $250,000 and by George
2 per cent, with the bulk of the business at 2| O. Gordon, agent in this city of the London & River
per cent. On Thursday the transactions were at Plate Bank, of $500,000 to Buenos Ayres by the
2 f per cent and at 1£ per cent, with the ma steamer which is scheduled to sail to-day (Saturday).
jority at 2£ per cent. On Friday loans were at The Assay Office paid $813,6b7 89 for domestic bul
2| per cent and at 1£ per cent, with the bulk of lion. Gold received at the Custom House during the
the business at 2 per cent. The range for the week, $13,957.
week was from 4 per cent to 1£ per cent and the aver
Nominal quotations for exchange are 4 85£ for sixty
age was about 2£ per cent. Banks and trust compa day and 4 88^ for sight. The market was weak on
nies loaned at 3 per cent as the minimum. Time Monday and though actual rates for long were un
loans were firmly held early in the week and the de changed, compared with those on Friday of last week,
mand was good for all periods; later the inquiry sub short was 15 points lower at 4 8775@4 8785 and cables
sided and the tone grew a shade easier. Quotations fell 20 points to 4 882G@4 8830.
On Tuesday there
for loans on good mixed Stock Exchange collateral was a further decline and long then reflected offer
are 4 per cent for sixty days, 4£ per cent for ninety ings of loan bills, falling 20 points to 4 849C@4 85,
days, 4|@5 per cent for four months, 5$ per cent short was 10 points lower at 4 8765@4 8775 and cables
for five to six months and 5^@6 per cent for seven dropped 20 points to 4 8805@4 8815. Oa Wednesday
to eight months. The business was chiefly in con the market was a shade steadier, with long and cables
tracts extending to and beyond the end of the year. unchanged; short was 5 points lower at 4 8760@4 8770.
Commercial paper was quiet and firm and the buy The tone was easy on Thursday at a decline of 15
ing was principally from out of town, local banks paints for long to 4 8475@4 8485, of 10 points for
being practically out of the market. Rates were 5 per short to 4 8750@4 8760 and of 15 points for cables to
cent for sixty to ninety day endorsed bills receivable, 4 8790@4 88. The market was easy on Friday and
5@6£ per cent for prime and 5^@6per cent for good short fell off 5 points.
four to six months single names.
The following shows daily posted rates for exchange
by some of the leading drawers.
The Bank of England minimum rate of discount
FBI..
M o n ..
Ter* s.. W hd .. THTTK.
F *I..
June 5 June 8 June 9 June ’.0. June 11 June 12.
remains unchanged at 34 per cent. The cable reports
4
8
8
*
8
5
*
days
85*
85*
66*
85*
discounts of sixty to ninety-day bank bills in London Brown B ros....... {100
88*
88*
86*
Sight.. 4 8 8 *
88*
88*
(60 days 4 8 5 *
85*
85*
66*
85*
85*
3 per cent. The open market rate at Paris is 2£@2£ Baring,
M a g o u n * Co.. {S ig h t.. 4 8 8 *
88*
88*
88*
88*
86*
65*
65*
85*
85*
85*.
per cent and at Berlin and Frankfort it is 3f@ 3| per Bank British ( 60 days 44 86 85 **
68*
No. A m e r ica .. {S ig h t.
8 r*
88*
86*.
86*
85*
cent. According to our special cable from London, Bank o f
J 00 days 4 8 0 *
86*
85*
86*
85* ,
M on treal......... {S ig h t.. 4 8 8 *
88*
88*
88*
88*
88*
the Bank of England gained £1,056,431 bullion dar Canadian Bank (0 0 days 4 8E*
86*
85*
86*
81*
86* .
{S
ig
h
t..
o f C om m erce..
88*
4 88*
88*
88*
88*
8S«
ing the week and held £36,407,835 at the close of the Ueldelbach. Iok- (00 days 4 8 8 *
8 6*
66*
86*
86*
86*
elhelm er * Co. {S ig h t..
88*
88*
88*
88*
88*
week. Our correspondent farther advises us that the hazard F re re s.. 5 60 days 4 8 8 *
85*
66*
65*
86*
85*
ig h t.. 4 8 8 *
8b*
88*
88*
88*
88*
gain was due to imports of £474,000, of which £50,000 Kerch ants’ Bk. {S
(0 0 days 4 8 5 *
85*
85*
85*
88*
88*
3* 8 8 * US
were from China, £25,000 from miscellaneous sources o f Canada....... {S ig h t. 4 8 8 *
The market closed at 4 8475@4 8485 for long,
and £399,000 bought in the open market, to exports
of £40,000 to South America and to receipts of £622,- 4 8745@4 8755 for short and 4 879C@4 88 for
cables.
Commercial on banks 4 84£@4 84£ and
000 net from the interior of Great Britain.
documents for payment 4 8375@4 8485. Cotton for
The foreign exchange market was easier this week, payment 4 8375@4 8385, cotton for acceptance 4 84£
influenced by firm rates for money on time in New @ 4 84£ and grain for payment 4 8475@4 8485.
York and by offerings of sixty and ninety day loan
The following gives the week’s movements of money
bills, and also of some drafts against securities after
the middle of the week. Bankers seemed to be draw, to and from the interior by the New York banks.
ing moderately bills which will mature in August and
juC
mmoo * at
eitoure* *t
» f » MtsrtoWs«k Mndine June 18, 1908.
W. T HanJu.
Maosmsnt
T . Bonks.
September, in the expectation that then they will be
18,840,000
'urreney...............................................
' 3.0J7.00C
Gain (6,372.000
able to cover them at a profit or extend them for an $014.........................................................
1124,000
973,000 L oss.
151,000
other two or three months’ period, meantime realizing
fa ta l gold and legal tenders.......
*9,473.000
14,050.000 G ain. 15,423,000
a further profit resulting from loans of the proceeds
With the Sub-rreasury operations and gold exports
of the bills in our money market. That exchange in the result is as follows
September at least will be low enough to enable these
Out %1
Imt •
Het Ghent* in
Week B n d in f June 12. 1908.
drafts to be covered at a fair profit seems likely from
Banks.
Banks.
Bank BeUUnt*.
the fact that bills for September and later delivery leaks Interior m ovem ent, as a bov e
(9.473,000
14.060.000 Gain. >5,423.001
are now offered at prices much less than those now isb -T rea e. oper. and gold ex p orts.. 19,200,000 22.700.000 L oss. 8,500,000
128,750,000 Gain1 (1,928.000
T ota l gold and legal ten ders....... 838.878.000
ruling, In anticipation of an abundant supply as the
THE CHRONICLE.
J une 13, 1803.]
The following cable Indicates the amount of bullloi
In the nrlncinal Unronnan bank*
June 13, 1902,
June 11, 1903.
Bank
of
■n gland . . ..
fr a d o * ............
G erm a n y......
K n u la ..........
A .aa.-H nng'r.
S p a in ..........
I t a ly ...........
Natkarlandi.
Mat Balg’m ..
Bold.
Silver.
total.
Bold.
Silver.
X
*
X
X
X
X
88,407.886
99,899 312
34.406.OLK
■(7.716,000
45,748,000
14 686 000
17,678 000
8.940.100
3,136 000
44.601,440
18,089,OJO
8,808,000
18,125,000
20,484.000
2,866 0)0
8,688,900
1,588,000
44.824 979
14,687,031
9,006,OCX
12,672,001
18,625,001
2,114,800
8,783,700
1,660,000
87,811.820
147.488.017
64.034,000
83.487 000
57,083,000
82,664.000
18,841,800
11,406.600
4,980,000
38,407 835 87 311.880
144 800,763 102,648,038
48,494,090 89,437,000
68,619,000 74,481,000
68,888.000 44,410.000
36,020.000 14,139,000
20,288 00) 18,197,0)0
10,529,000 4,682 006
4,704,000 8.320,000
Total
T ot-th u W M i 883,765,247 1C9816840 443 670,687 838.801,758 110203470 446,806 837
T ot. pr«T. w'4 831.830.522 100638298 441.388,818 386.899.582 110126034 145 5(6,610
M A G N IT U D E OF D E C L IN E IN STOCK
M ARK ET.
In view of the farther great break In prices on the
Stock Exchange the present week, It seems desirable
to brlDg together the figures showing the extent of
the downward movement which has now been In prog*
ress—barring occasional upward reactions— for a
period of about nine months. Further below in this
artiole, therefore, we present a table comparing this
week’s low prices with the previous high prices reached
in the period since the first of January 1901. We
think we are within the bounds when we say that
there have been few occasions, except during actual
panic or during prolonged depression in general trade,
when such severe and extensive declines in market
values have been experienced.
These declines have brought prices down to a point
where in the case of dividend-earning properties the
investment return has been very strikingly altered.
And, after all, this investment return must, as we
showed in an article two weeks ago (C hronicle May
30, page 1164) be considered the controlling factor in
the situation. The extraordinarily high prices reached
for most stocks on the Exchange during the period
of rising values could be explained only on the theory
that the companies concerned were to pay higher
dividends. Six months since the prospect of higher
dividends was already seen to have much of the
visionary element in it.
Twelve months or more
ago, however, apparently valid and substantial
reasons existed to sustain the expectation of higher
dividends. The country had passed through a period
of unprecedented crop disaster without industrial
prosperity having been interrupted in any way. The
railroads particularly showed little effect of the
shortage, their losses in grain tonnage being offset by
heavier shipments of merchandise and general freight
and by a larger volume of passenger traffic. More
over, the outlook for the 1902 crops was flattering in
the extreme. This outlock became more and more
encouraging during the summer months, as expecta
tions of large crops week by week developed into
reality. If the railroads had done so well during the
period of poor crops, would they not do still better
with a certainty of an extraordinary agricultural ton
nage resulting from the 1902 crops? And with larger
earnings, would not increased dividends follow as a
natural concomitant?
But in September came the monetary stringency, a
condition the reverse of favorable to fictitious prices
and speculative movements. As if this were not
enough, there were two other developments which
altered entirely the prospect of increased dividends.
Mainly through interference on the part of politicians,
the anthracite coal miners’ strike had been prolonged
1271
until, with the early approach of winter, it became
absolutely necessary that some compromise as between
the ooal companies and the miners should be made.
This compromise resulted in a substantial victory for
the miners. Careful observers saw at the time that
such victory on the part of the miners in this, the
greatest labor contest of modern times, would have a
bad effect on the labor situation generally—that it
would create a period of unrest among the laboring
classes, and cause new demands for higher wages or
shorter hours, or other concessions, adding greatly to
labor cost everywhere. This is precisely what hap
pened, as the events of the lastBlx months have amply
demonstrated.
The other development to which we have reference
had an equally pronounced Influence. In November the
management of the Pennsylvania Railroad announced
a voluntary increase of 10 per cent in the wages of its
employees; no sooner had this step been taken than a
demand was made upon other railroads in different
parts of the country for higher rates of compensation.
These two things together completely out off the
likelihood of increased dividends, no matter how
favorable traffic conditions might remain. The un
rest of labor has introduced an element of decided
uncertainty in the situation, besides increasing the
cost of goods, while the increases in the wages of
railroad employees throughout the country have added
directly to the operating cost of the railroads. No
feature of the situation during recent months has
been so conspicuous as the way operating expenses
have been rising. The volume of tonnage remained
large and gross earnings increased just as expected,
but until within the last month or two augmented ex
penses have eaten up practically the whole of the
improvement in gross receipts.
Aside from these features It cannot be said that
anything unfavorable in the situation appears. Traffic
continues large, and some of the more recent monthly
returns of earnings have shown gains in gross of such
magnitude as to leave a substantial improvement in
net, notwithstanding the heavier operating expenses.
The crop outlook, too, as far as can be judged so
early in the season, must be regarded as promising.
The floods have done some damage, but floods never
destroy an entire crop in a big country like the United
States— drought has been the evil heretofore from
which real and serious injury has followed. Natur
ally, however, the reports of damage, though having
but slight foundation, added to the other causes, have
been an influence in precipitating a further decline
in prices. In this downward movement values, as
usually happens on such occasions, have gone to the
opposite extreme; in other words, if previous high
prices were not justified unless dividends could be in
creased so as to Insure a higher return, so present low
prices must be regarded without warrant, even if divi
dends should notjbe further Increased. The situation,
then, is that the high prices had discouraged invest
ment buying of stocks, while prevailing low values
directly invite such buying. This will explain the
sharp upward reaction that has occurred the last two
days, succeeding Wednesday’s great slump.
The tables we give contain many facts of interest.
Dividend-payers have suffered with the non-dividendpayers, and as a matter of fact the declines in the
former have been rather more striking than in the
latter.
In the Vanderbilt group we find that New
Vork Central, which at one time sold as high as 174£,
1272
THE
CHRONICLE
this week got down to 124^, a decline of 50f points.
Lake Erie & Western common, which pays no divi
dend, has dropped from 76£ to 25|, which also is a
loss of over 50 points. And all the minor Vanderbilt
properties reveal equally conspicuous declines, Nickel
Plate common being down from 57| to 25| and Peoria
& Eastern from 50 to 20. In these particular in
stances the extent of the loss is no doubt ascribable
to the fact that at one time there was a very active
speculation in all the minor Vanderbilt properties on
rumors that they were to be taken over by the New
York Central, or a Vanderbilt combination, at some
extravagant figure.
The Chicago & North Western is another Vanderbilt
property, though in a different part of the country, and
this has sustained the largest depreciation of any share
property in our list, the price having dropped from
271 to 166^. The explanation here is of a totally dif
ferent nature, the extraordinary high price having
been the result largely of purchases by an extremely
venturesome group of Western operators who hoped
to wrest control from the Vanderbilts— an expectation
in which they were seriously disappointed.
In the Pennsylvania group, the contrast is between
the previous high point of 170 for Pennsylvania Rail
road stock and this week’s low figure of 123£, a drop
of 46f points. Baltimore & Ohio common has been
down from 118^ to 79£, Norfolk & Western common
from 80f to 58 and Chesapeake & Ohio common from
i
to 35£. In the Harriman group Union Pacific
ct turnon touched 77, as against the previous 133, and
Southern Pacific 46, against 81£. The record of the
Gould group is somewht more favorable, Missouri
Pacific having dropped only 26£ points— from 125£ to
99, but all the smaller Gould roads hav8 suffered im
portant shrinkage. Among the other Southwestern
properties, Atchison common touched 63f, as against
96f. Passing to the companies in the Northwest, Can
adian Pacific has shrunk from 145^ to 117£, Mil
waukee & St. Paul common from 198f to 147| and
Illinois Central from 173| to 130£. In the Southern
group, Southern Railway common got as low as 21,
against 41f, and Mr. Gates's following saw their hold
ings of Louisville & Nashville at 105L against the one
time figure of 159^. The street railway properties,
which are not dependent upon crop conditions and
the like, suffered just as severely as the rest. Metro
politan Street Railway, which has been as high as 177,
touched 1211, and Twin City Rapid Transit, which
has been up to 129, sold this week at 89.
Many other illustrations might be given, but the
changes are all shown in the table which follows, and
the reader can pick them out for himself. While the
table covers the larger number of railroad stocks dealt in
on the Exchange, it by no means includes them all. The
industrial and miscellaneous stocks have been omitted
altogether, since they are governed by special condi
tions, and can not be put in the same category with
railroad shares. One feature of the table should ap
peal with peculiar interest to investors. We refer to
the fact that in the case of the dividend-paying shares,
we give in each instance the present rate of dividends
paid and also compute the rate of return on the basis
o f such dividends were the shares bought at this
week’ s low figures; another column shows what the
yield was at the previous high figure. Dividends in
some instances were lower than at present at the time
when these previous high records were made, but we
have assumed that these prices were paid on expecta
[VOL. LX X V I.
tion of increased dividends, and have hence made the
computation on the present rate of distribution.
Highest
Since
Vanderbilt Group — Jan. l . ’Ol.
New York Central........ 17412
Canada Southern,..........
97
Cleve. Oin. Chic. & St.L. 108is
Pref............................... 124i£
Lake Erie & Western__
76ia
Pref............................... 138
N. Y . Chic. & 8 t. Louis..
57 78
2nd pref....................... 100
Peoria & Eastern..........
50
Chicago & North West’n 271
Chic. St. P. Minn. & Oin. 170ia
Pennsylvania Group —
Pennsylvania Railroad. 170
Baltimore & Ohio.......... 118ia
Pref...............................
99
Chesapeake & Ohio.......
57i«
Norfolk & Western........
80%
Long Island....................
9178
Gould Roads—
Missouri Pacific................ 125ia
Denver & Rio Grande..
53ia
St. Louis Southwestern.
39%
Texas & Pacitto.................
54%
Wabash..................................
38%
Wheeling & Lake Erie ..
30%
Harriman Group—
Union Pacific...................... 133
Pref ......................................
99%
Chicago & Alton.............
50%
Pref...............................
82%
Kansas City Southern...
39
Southern Pacific.............
81%
Other Southwestern—
Atch. Top. & Santa Fe..
96%
Pref............................... 108
Missouri Kan. & Texas.
35%
St. Louis & San Fran___
90%
1st p r e f....................... 90
53%
Rock Island Company!.
Pref!..............................
86
Northwestern Roads —
Canadian Paciflo............ 145%
Chicago Great Western.
35
Chic. Milw. & St. Paul.. 198%
P r e f.............................. 200%
Illinois Central............... 173%
Wisconsin Central..........
31
Southern Roads—
Louisville & Nashville.. 159%
Nashv. Chatt. & St. L ... 122
Southern Railway..........
41%
P re f..............................
98%
Hawley Roads—
Colorado 6e Southern....
35%
1st pref........................ 79%
Iowa Central..................
51%
Minneapolis & St. Louis 115
Pref............................... 127%
Anthracite Goal—
Central New Jersey....... 198
Delaware & Hudson___ 185%
Delaw. Lack. & West’n. 297
Erie, common............. .
45%
N. Y. Ontario & West’n.
40%
Reading, common..........
78%
1st pref......................... 90%
Street Railways—
Twin City, common....... 129
Brooklyn Rapid Transit 887e
Metropolitan Street Ry. 177
Lowest
This
Week.
124%
65%
83
113%
25%
103
25%
73
20
Div'd
Points now
De per an.
cline. Per ct.
50%
5
31%
2%
25%
4
11
5
50%
Nil
35
4
32%
Nil
27
3
30
Nil
166%
*135
104%
35%
123%
79%
91
35%
58
60
46%
39
99
25%
14%
25
19%
20*4
26%
28
25%
29%
187s
77
86%
25
66%
20
46
8
22%
22%
317e
7
6
6
4
4
1
3
Nil
•— Return at— .
Highest Lowest
Price. Price.
Per ct. Per ct.
2-87
4-03
2-58
3-83
3-69
4-82
403
4-42
2 80
3-88
3 00
4-11
....
2-58
3-52
4-21
4-44
353
3-33
404
1-74
3-72
4-87
503
4-40
2-84
5-17
. .. .
3-98
10
5
Nil
Nil
Nil
Nil
Nil
_
....
56
13
25%
15%
19
35%
4
4
Nil
4
Nil
Nil
301
4-02
519
4-62
4-86
602
505
___
... .
63%
91%
18%
69
*78
31%
69%
4
3278
4T4
6-27
16%
5
4-63
5-45
17%
Nil
21% To be tak over.by R.I.
12
4
4-44
5-13
22% Nil
16%
4
4-65
5-77
117%
16%
147%
175
130%
18%
27%
18%
51%
25%
43%
12%
5
Nil
7
7
105%
103%
54
18%
85%
21
15
56
22%
75
110
_
3-44
4*25
3 52
3 49
3 46
4-75
400
4-61
Nil
....
....
5
Nil
Nil
5
314
4-74
20%
12%
20%
23%
29%
40
17%
Nil
4
Nil
5
5
164
166%
245 4
23%
21%
41%
80%
34
19%
51%
17
18%
37%
89
54
121%
6
8
_
5 08
5-83
503
7-14
....
4-35
391
6-67
4 55
404
3-77
2-36
4-88
4-21
2 85
....
. .. .
_
10
7
7
Nil
Nil
Nil
4
4 43
4 98
40
3478
55%
5
Nil
7
388
__
5-62
3-95
5-76
_
* No sales this week; price given is the asking price June 10.
} Not dealt in on Exchange until Nov. 13,1902.
From an investment standpoint the change revealed
by the great shrinkage in values is here seen to be
very striking, and it would seem that present prices
must appear very attractive to investors and capital
ists. New York Central paying 6 per cent dividends,
at 174£ netted only 2 ‘87 per cent to the purchaser; at
124£ it nets over 4 per cent. Pennsylvania as a 6 per
cent stock returned only 3 53 on the purchase price
at 170, but yields 4*87 per cent at 123^. Baltimore &
Ohio distributing 4 per cent returned but 3*38 per
cent at 118£, while at 79£ it yields 5-03 per cent.
Union Pacific common as a 4 percent stock at 133
June 13, 1908.]
THE CHRONICLE
1273
Commission pointed out one of the seriouB faults on
the union side— the admission of half-grown “ breakerboys " to the union deliberations, where they cast an
equal vote with gray-headed miners of the higher
grade. The Commission might have found its text
enforced with no little eloquence in this New York
episode.
Whether this stroke for sense and reason was or
was not connected with the week's exposure of black
mail among the labor leaders, we do not know. We
are very sure that the miserable “ Sam Parks" affair has
had some influence since on the views of labor and will
have more later on. It Is not our purpose to antici
pate the Court’s decision in the matter of this walk
ing delegate now lodged in the Tombs on a charge
of blackmail. But it appears to stand without denial
that the man went to the Hecla Iron Works’ man
agers last year, and to other employers afterwards, de
manding money as the price of “ calling off" a strike.
Parks and his friends allege that the money went to
pay “ waiting time"— to reimburse striking laborers
for wages lost in the period of a strike. The accusers
intimate that it stopped short of such destination.
We regard the admitted acts of the man as infamous
under either supposition. It has been well observed
that demanding even “ waiting time" money under
such conditions was an act of blackmail and is sub
ject to punishment accordingly.
But have labor union members been so simple as to
suppose that this sort of thing would not necessarily
occur, with the powers and rights conferred, as they
are conferred, on “ walking delegates?" If they have
their ignorance of human nature is extraordinary
Our own judgment is that such powers as the wage
workers have placed in the hands of these irrespon
sible agitators would have tested severely the integrity
of any class of society, and would have been a direct
STR IK ES, B L A C K M A IL A N D L A B O R
invitation to fraud and corruption. What impresses
u b most i n the pending disclosures is not that one or
SETTLEM ENTS.
One bright spot in a not over-cheerful general situ two men should have been guilty of misusing their
ation this week has been the change in the attitude of delegated powers, but why the matter has not been
labor here in New York City. Monday’s developments brought to light before at the Instance of the laborers
in the building trades union, in the course of which themselves.
We should certainly say that the union members
the delegates favoring a settlement on the employers’
basis of arbitration seceded from the union after an have the greatest stake in running down, not only this
unsuccessful vote against that policy, were the most one case of proven blackmail, but all others whose
encouraging in recent labor history. They were en perpetrators have been resting in fancied security.
couraging especially because they marked a move The situation seems to us to resemble closely that
ment of labor itself towards returning sense and which would be created in the business community if
reason. This is a thousand times preferable to vic it were found that, owing to a vicious system of office
tory of employers through defeat of all the laborers regulation, defalcations by confidential clerks had
or through feeble compromise. The first of these been spreading throughout the community. We
results means bitterness in the after-relations of em should not like to believe that the intelligent laborer
ployer and employee; the second means growing is less careful of his power to earn a living peaceably
arrogance on the part of labor. Both unfortunate than the banker or merchant is of his capital. As to
the motive of society at large in smoking out these
results are escaped by last Monday’s action.
Nor is it by any means a matter to be forgotten culprits, that is so obvious that District Attorney Je
that the seceding building workers, though a minority rome’ s aggressive move in the Parks affair will un
in the union board, represented the skilled laborers questionably meet the approval of people on both
of the organization. These are the men of property sides of the labor controversy.
But the unions must do more than this. The epi
in the ranks of labor, and they are usually the men of
sense and experience. They have themselves gone sode in the buildings trades is not remarkable only
seriously amiss in the recent excesses of union labor, for its disclosure of. fraud on laborer and employer.
precisely as conservative capitalists made blunders in The promptness and readiness with which the build
the whirl of stock market excitement during the past ing industry closed down in New York City, when
two years. But the skilled mechanic nevertheless the exactions of union labor, under the leadership of
represents the staying force of labor. When his in Parks and men like him, had reached their climax,
fluence is dominant we do not hear of wholesale boy pointed to something more than a mere revolt against
cotts and wholesale riots. The Anthracite Strike intolerable tyranny. The feeling has been abroad,
netted but little more then 3 per cent; at 77 It nets
6 19. Milwaukee & St. Panl common when at 198|
gave the buyer but 3*62 per cent on his money, but
when one can buy It at 147$ the yield stands at 4*76 per
cent. Similarly this week's prioe on Illinois Central
shows a return of 4*61 per cent as against the former
3-46 per cent. Even more striking is the change in
the case of the street railway shares. Twin City
common at 129 as a 5 per cent stock yielded no more
than 3*88 per cent; at 89 with the same dividend the
return is 6*62 per cent. Metropolitan at its high ex
treme yielded only 3-95 per cent on the invest
ment; at the present week's low extremo the yield was
6'76 per cent.
We have included a few preferred shares in the list.
As confirming the idea that Investment considerations
eventually control in the market, these tell an interest
ing story. The fluctuations in these have been far nar
rower than in the rest of the list, and in several instances
(where they cover standard properties) they have been
surprisingly small. Baltimore & Ohio preferred shares
get 4 per cent dividends, and are limited absolutely to
that figure— that is, they can never get any more than
that. These shares, wnen at their highest, sold at 99,
and this week's lowest was 91, a difference of but 8
points. On Union Pacific preferred this week's lowest
at 86$ compares with 99$, the highest since January
1901. Southern Railway preferred this week touched
85f, which is only 12£ points off from its previous
high figure at 98$. Preferred stocks of course hold a
more impregnable position than junior shares. It is
precisely for that reason, however, that the relatively
much smaller fluctuations disclosed by their record of
prlces4
'po8Be8ses especial signifilcance in a study of the
great break in the general range of prices.
THE CHRONICLE.
1274
and it was not the outgrowth of the past few weeks,
that plans of industry might as well be postponed to
a more convenient season. The arrogance of labor was,
no doubt, the chief reason for this feeling, but it was
not the only reason. Prices of materials have been
extremely high, and there has been a very general be
lief that people who waited with their contracts could
get such materials lower. Whether rightly or wrongly
based, such a sentiment has as its natural result the
continuous decrease in demand for work. If, to this
view of the market for materials, is added a total lack
of reliance on the certainty that labor itself will fu l
fil its engagements, no prophet would be needed to
point out the consequences. It is certainly the inter
est of Intelligent workingmen to face this situation
frankly and adjust their own attitude to It. They
must begin by abandoning some of their late preten
sions, and it is fortunate for them that capital is still
in a conciliatory mood and ready to meet the laborer
half way.
R A IL R O A D GROSS E A R N IN G S FOR M A T .
With stock prioes this week touching a lower
depth^than at any time since the panic in May 1901,
railroad gross earnings continue their uninterrupted
course of]lmprovement. Oar compilations this time
cover the^month of May, embracing all roads that
make'early preliminary returns each month. As in
the rmonths preceding, the record Is an extremely
gratifying one. The roads which contribute returns
embrace a little over a hundred thousand miles of road
(101,759), say half of the total mileage of the country,
and the Increase on this mileage as compared with the
result for the same roads in May last year is found to
have been. 17,462,602. The ratio of improvement thus
is 1T93 per cent.
This would be a large improvement just as it
stands, but it becomes additionally important when
we’ bearlin mind that operations this year were based
oAone less working day than last year; May 1903
having had five Sundays where May 1902 had only
four, leaving but twenty-six ordinary days in 1903,
against twenty-seven in 1902. A further fact to bear
in'mind is that the improvement in revenues in 1903
comes on top of successive gains for the same month
of the years immediately preceding. Eyen 1902 was
no exception to the rule. The railroads at that time
were suffering from the effects of the deficient har
vests of 1901, but nevertheless our statement for that
monthXcomprlslng essentially the same roads as are
included in our present compilation) showed a gain
of $4,619,227, or 9*18 per cent. This, moreover, fol
lowed $5,236,185, or 10-04 per cent, gain in May 1901,
whichTn turn succeeded an increase of $4,934,647, or
10*30,per cent over 1899. Below we give the totals
for May, and also those from January 1 to May 31,
for'all the years baok to 1893.
Mileage.
May.
Tear
Given.
Miles.
91,90*
1893 (133 roads).
9*,646
189* (121 roads).
95.739
1805(128 roads).
91,100
1896 (122 roads).
93,037
1897 (126 roads).
96,860
1898 (128 roa d s).
91,953
1899 (111 roads).
97,687
1900 (114 roads).
99,910
1901 '99 roads).
1902 (8* roads).
91,858
101,769
1908 (81 roads).
Gross flam ing*.
Fear
Fear
Preceding.
Given.
Mile).
90,8*2
92.224
95,041
90,088
92,903
95,748
90,360
96,038
96,032
90,262
9 723
f
*1,660.80*
34,818,800
87,081,958
85,883,612
87,604,347
44,342,892
44,569,301
62,8*6,740
67,403,999
64,9*2,317
70,028,295
Fear
Preceding.
*
38,218,111
42,746,296
86,361,397
85,012,840
86,190.355
38,091,812
41,861,285
47,911,089
52,167,814
50,323,080
62,505,093
Increase
or
Decrease.
t
Inc.
Dec.
Inc.
Inc.
Inc.
Inc.
Itic.
Inc.
Inc.
Inc.
Inc.
3,448,693
7,896,990
2,327,601
870,772
1,418.992
6,01S,58O
2,708,010
4,931,6*7
5,280,186
4,019,227
7,462,002
[V ol. LXXVl.
Mileage.
Jan. 1 to May 81.
1893
189*
1896
1896
1897
1898
1899
1900
1901
1902
1908
(181 roads).
(12* roads).
(125roads).
(120 roads).
(12*roads).
(120roads).
(110 roa d s ).
(118 roads)
(99 roads).
(84 roads).
(81 roads)
Tear
Given.
Miles.
Tear
Preceding.
91,798
94,6*6
95,719
90,980
93,308
90,708
61,920
97,20*
99,610
91,858
101,769
90,236
92,224
65,624
90,518
92,634
96,596
90,752
96,366
99,632
90,202
99,783
Miles.
Gross Earnings.
Tear
Given.
Tear
Preceding.
Increase
or
Decrease.
$
$
0
212,324,9*0
178,516,981
180,923,893
180,830,194
179,431,982
212,802,404
192,031594
259,608,791
279,468,040
204,531,088
810,451,843
204,073,161
203,425,022
177.810.977
168,585,228
180,894,891
188,619,317
183,058,059
226,094,716
265,282,597
244,134,983
800,727,974
Inc. 7,051,495
Dec.23,903,041
Inc. 3,600,410
Inc. 12,244,900
Dec. 1,402,909
I n c .29,283,1*7
In c. 9,572,935
Inc .83,419,070
Inc. 24,175,448
Inc. 20,890.100
In c .89,723,809
Not*.—We do not lnolnde the Mexican roads In any of the years.
Of course there were many favoring influences the
present year and there was also an advantage from
the absence of one unfavorable influence which had
existed in 1902. We have reference to the anthracite
coal miners' strike which began on the 12th of May
in 1902.
This, however, has comparatively little
bearing on our present compilation, which includes,
as already stated, only such roads as make early pre
liminary returns (that is soon after the close of the
m onth); and the anthracite coal carriers are never
numbered in that class. Indirectly, however, the
strike did have some influence, even on the roads
outside the anthracite regions.
We mean by this
that it diminished the anthracite coal traffic of a
number of roads which are represented in our tables
and which connect at some point with the anthracite
lines.
As far as the volume of traffic in the leading staples
is concerned, that was of course much heavier this
year than last, except possibly in the case of some
smaller companies affected by special circumstances.
Ia a word, the grain movement in the West and the
cotton movement in the South were both of larger
volume than last year.
Besides this, business pros
perity remained uninterrupted, thus still further ex
tending the tonnage in merchandise and general
freight, and also adding to the volume of the passen
ger business. Finally, freight rates are higher in a
good many instances, railroad managers seeking in
this way to find partial compensation for the increase
in operating cost arising out of the advance in wages
and the enhanced price of materials, supplies, etc.
The fbods and overflows along the Mississippi Elver,
which have been such a feature in J une thus far, did
not begin till towards the very dose of May, in which
brief period, however, they interfered seriously with
the operations of some of the Southwestern roads.
The increase in the grain movement did not extend
to all the primary markets, nor did it extend to all
the leading careals, oats having been a conspicuous
exception. Taking the Western primary markets as a
whole, however, the grain movement was much in ex
cess of the small movement of last year. Of wheat,
corn, oats, barley and rye the deliveries in the four
weeks ending May 30 1903 at these markets aggre
gated 30,568,174 bushels, as against 24,767,971 bush
els in the four weeks of 1902. This is a substantial
increase, but it is an increase only as compared with
the small figures of last year. If we go back to 1901,
we find that the aggregate for the corresponding four
weeks in that year was as much as 42,246,320 bushels.
Thus this year's total, while nearly 6 million bushels
above that of last year, was nearly I l f million bushels
smaller than that of 1901. Following is our usual de
tailed summary of the^Western grain movement cover
ing the last two years.
T H E
June 13, 1903.]
O H K O N IC LE
RECEIPTS OF FLOCK AND GRAIN FOB FOUR WEEKS ENDING MAY 30
AND 8INCB JANUARY 1.
Whsat,
(buth.)
flo u r .
( bble.)
Chicago—
4 wks. May, 1903 600,936
4 wks. May, 1902 478,411
Blnoe Jan.l, 1903 2,008,866
Since Jan.l, 1902 3,760.815
Milwaukee
4 wks. May, 1908 359,810
4 wk». May, 1902 237,760
Stnoe Jan.l, 1908 1,180.621
Since Jan.1,1902 1,018,666
St. Louie-
4 wks. May , 1903
4 wks. May . ieo!i
Since Jan.l .1 9 0 8
Since Jan.l,,1 9 0 2
177,880
132.5 U
807.03f
830,580
Toledo—
C leveland—
154,880
216,200
2,687,211
3,303,600
00,000
36,200
401,600
410,400
84,000
863,688 1,870,885 1,264,095
1,000,819 1,076,615 1,645,700
25,600
6 238,308 13,345,500 9.860,905 1,2S9,( 00
3,437,163 7,184,115 8,210,00)0
021,600
28,870
0 720
604,368
147,246
20,850
350,700
108j*50
117,860
185,211
89,006
814,693
448^739
268.806
213,768
182,882
83,247
1,612,294 1,359,190
661,870 1.101,631
87,830
65,538
537,308
876,256
217,2£S
147,98b
746,650
807,684
446,610
393,198
483.628
220,556
8.007,274 2,518,405
2,220,46u 2,408,893
Peoria -
48,800
5O,F0O
4 wks. May, 1903
4 wks. May, 1902
71,735
830,786
292,800
Slnoe Jan.l, 1908
409,806
037,336
Since Jan.l, 1902 492,241
Duluth—
4 wks. May, 1908 889,600
372,501
565,200
191,238
4 wks. May, 1902
Since Jan.l, 1903 946,800 4,703,206
Slnoe Jan.l. 1902 1,376,800 7,170,407
Minneapolis—
2,506,750
4 wks. May, 1908
„T. .... 2,609,340
4 wks. May, 1902
.....
Slnoe Jan.l, 1908
23.034,140
26,268,540
SlnceJan.l, 1902
Kansas City—
Total nt all—
4 wks. May, 1903
4 wks. May, 1902
Slnoe Jan.l, 1908
81nce Jan.1,1902
Bye.
(bueh.)
453,700
44,650
780,900
614,800
60,800
413,800
1.260,000 3,873,701) 5.019,450
1,660,660 2,672,800 3,421,450
3,800
1,067,800
571,800
4 wks. May, 1903
4 wks. May, 1902
SlnceJan.l, 190;Slnce Jan.1,1902
Barley,
(bueh.)
1,306,558 5,587,160 4.987,700 1,063,415
177.835
720,b50
868,700 2,338,446 5,271,231
45,100
6,608,641 81,080,975 36,517,886 7,9:0,006 1,541,120
22,788,000
5,052,696
7,738,372 13,182,670
520,275
811,500
1,089,000
842 590
309,500
5.848,000 1,256.230
2,680,887 1,562,741
D etroit—
4 wks. May, 1903
4 wks. May, 1902
Slnoe Jan.l, 1903
Since Jan.1,1902
Oate.
(bueh.)
175,800
177,600
1,426,800
007,932
4 wks. May , 1908
4 wks. May,, 1U02
8tnoe Jan.l , 1 903
Since Jan.l ,1 9 0 2
4 wks. May, 1903
4 wks. May, 1902
Since Jan.l, 1008
Slnoe Jan.l, 1902
Corn,
(bueh.)
7 ,4 8 0 ,4 4 0
2,988,400
8,000
8,070
MOO
9,878
1,501,000
679,800
80,300
1,*65,640 1,368,245
38,400
8,683,350 4.040,000 1,056,800
B,830,450 4,079,396
828,600
67,471
46,922
1,021.401
074
525
104,607
11,708
8,300
62,263
53,340
800
10,400
18,400
147,100
70,000
2,266
1,947
518,601
141,805
24,820
2,828
112,299
25,710
691,290
199,310
202,647
105,920
280,710
68,830
5,802,590
2,154,280
1.623,707
1,658,615 1,095,020
686,550
80,670
17,160
414,890
179,848
1,091,200
403,000
602^800
9,12^140 8.622,860
7 ;9 0 8 ;e o o 8,823,200
1,466,134 6,840,311 11,937,390
1,687,844 6,102,236 6,681,224
7,033,708 59,088,193 77,885,294
7,884,896 .54,008,078 45.066.881
9,284,284
10,589,476
89,877,067
48,886,807
2,101,891
344,348
1,266,927
1 2 6 ,1 0 8
18.h88.189 3,343,140
10,542,770 1.481,310
1275
R E C E IP T S O F CO TTO N A T S O U T H E R N P O R T S IN MAY, AND FROM
J A N U A R Y 1 T O M A Y 3 1 , IN 1 9 0 8 , 1 9 0 2 A N D 1 9 0 1 .
Since January 1.
May.
P o rte.
1903.
Galveston. ........bales.
Sabine Pass A c .........
New Orleans................
Mobile.........................
Pensacola, Ao................
Savannah.....................
Brans wick, Ao............
Charleston....................
Port Boyal, Ac..........
Wilmington.................
Washington, Ao.........
Norfolk........................
Newport News, Ao........
Total......................
1908.
1901.
39,687
7,703
04,797
1,671
6,036
21,577
336
1,373
12
8,266
100,003 570,870
2,824
99,879
84.617 818,407
67,406
4,284
7,027
63,186
33,783 357,148
46,455
8,407
11,322 33,856
60
141
67,702
1,192
83
........
18,929 160,295
18,481
1,566
62,347
14,426
80,144
4,764
3,513
18,994
2,543
857
6
485
.........
........
84,915
892
11,502
861
213.826
lse.tsi
1903.
1908.
1001.
041,430 671,577
46,165 28,859
770,276 790,887
15,911
81,757
97,868 86,231
286,698 844,730
86,987
60,993
62,556
44,440
246
1,064
60,242
61,977
60
68
150,012 127,648
24,298
6,126
274,014 2,281,314 2,211.432 2 238.771
In view of the larger grain movement and the un
interrupted activity of general trade and the increase
in the anthracite coal shipments, it is perhaps not sur
prising that the New Y ork Central should head the
list for amount of gain among the separate roads.
The Central's gain in fact reaches close to threequarters of a million dollars, being $748,863. The
Canadian Pacific, however, follows close behind with
an increase o f $641,918 and the Baltimore & Ohio [has
an increase o f $607,237. In the Middle West the Illi
nois Central has $498,961 gain, and this is independ
ent of the $148,632 increase on the Yazoo & Missis
sippi Valley. The Wabash has $417,914 increase. In
the Southwest the Missouri Pacific has $426,856 in
crease and the St. Louis & San Francisco $349,264.
In the South the Louisville & Nashville has enlarged
Its receipts by $361,175 and the Southern Railway by
$265,932. A nd these illustrations might be m ulti
plied. In fact the gains extend almost throughout
the whole list, there being indeed only 10 roads out of
the 81 roads reporting which have failed to contribute
to the improvement.
Of the 10 roads showing de
creases only four record losses for amounts exceeding
$30,000, as will appear by the following table, which
Bhows the changes— whether Increases or decreases—
for $30,000 or over,
The fact that the grain receipts, while above those
of last year, were muoh below those of the year pre
ceding,Is still more strongly emphasized when we con
sider the movement at Chicago by Itself. In this case
we have the figures for the even month, showing that
the receipts of wheat, corn, oats, rye and barley at
that city were 13,860,340 bushels In 1903, as against
PRINCIPAL CHANGES IN GROSS EARNINGS IN M AY#
Increases.
10,448,127 bushels in 1902, but as against 22,829,676 N .Y . C e n t r aIncreases.
$61,516
l ....................
$ 7 4 8 ,8 6 3 Wisconsin Central---57,389
C a n a d ia n P a o i f l c ...........
6 4 1 ,9 1 8 Mo.Kane. A Texas...
bushels in May 1901.
55,644
B a lt i m o r e & O h i o .........
6 0 7 ,2 3 7 Hooking Valley.........
53,556
Illinois C e n t r a l .............
4 9 8 ,9 6 1 Cin.N.Orl.A Texas P.y
We may add that the live-stock movement was M
52,131
is s o u r i P a o iflo S y s . )
a. a Ala. N. O.&T. P. (3 r’ ds)
(2 r o a d s ) ...............
^
4 2 5 ,8 0 6 Buffalo Rooh. & Pitts.
43,357
much like that in the months immediately preceding; W a b a s h ...............................
41,864
4 1 7 ,9 1 4 Lake Erle&Western..
40,900
3 6 1 ,1 7 5 Denver & Rio Grande.
that Is, the cattle receipts were larger but the re L o u ls v U le & N a e h v l l l e
Colorado A Southern.
36,031
S t. L o u is & S a n F . . /
C h ic a g o & E . I ll ln . $
JW .Jb* Chesapeake & Ohio...
35,158
ceipts of hogs and sheep were smaller. The table
33,409
U n io n P a c i n o , p r o p e r .
3 4 4 ,0 3 9 AlabamaGt.South’n y
32,175
3 3 9 ,8 5 5 Wheeling A L. Erie__
which follows shows that the number of hogs brought Or. T r u n k S y s . (3 F d a ).
N o r t h e r n P a o i l l o ...........
3 1 3 ,0 8 4 Southern Indiana......
31,383
into Chicago in May 1903 was 612,283, against 675,- G r e a t N o r t h ’ n (2 r ’ d s )
2 9 3 ,7 8 7
S o u t h e r n R a i l w a y ___
2 6 5 ,9 3 2
Total (representing
826 in May 1902; of sheep the deliveries were 231,685, N o r f o l k A W e s t e r n ___
43 roads).............. $7,328,170
1 9 9 ,3 5 9
N a s h . C h a r t. & 8 t . L . .
1 5 4 ,1 7 8
against 258,516 head. Of cattle and calves the re Tazoo & M is s . V a U e y .
1 4 8 ,6 3 2
Decreases.
$64,094
O le v .C in .C h lo .& S t.L y
1 3 3 ,4 9 9 Minn. & 8t. Louis......
ceipts were 262,040, against 216,901.
60,803
M in n . 8 t . P . & S. 8 t e . M .
9 2 ,2 3 7 Mobile A Ohio............
RECEIPTS AT OHIOAGO DURING MAY AND SINCE JANUARY 1.
Since January 1.
May.
1908.
Wheat bnsh.
Corn., .bnsh.
Oats...bash.
Bye ...bush.
Barley.bush.
1,385,618
5,818,782
6,848,100
204,425
1,103,415
1903.
1901.
1903.
1903.
1901.
999,150 1,834,060 6,299,019 7,587,247 11,706,590
8,719,746 11,566,961 30,924.159 12,813,108 42,748,750
5,900,081 8,886,399 35,449,730 22,287,009 41,608,602
48,700
165,250 1,497,120
490,750
801,695
873,000 7,073,193 4,900,496 4,685,873
780,450
Total s-raln 13,860,340 10,448,127 22,829,076 81,843,229 4°,059,609 101,671,510
543,875
477,251
675,090 2,909,558 3,588,876 4,367,985
Flour ..bbls.
1,869
110
2,055
Pork....bbls.
340
6,878
1,427
Cut. m’ts.lbs. 13,682,307 6,691,458 15,250.856 68,272,029 38,308,674 62,402,233
Lard.....lbs. 2,120,707 3,688,584 5 411,20® 11,118,552 20,391,140 25,604,331
Live hogsNo
612.283
675,826
737,127 8,357 077 3,948,101 3,704,219
T o l e d o & O h io C e n t r a l
T e x a s <fe P a o i f l o .............
P e r e M a r q u e t t e ! ...........
O h io . G r e a t W e s t e r n . .
C e n t r a l o f G e o r g i a ____
8 t. Louis Southwest...
Iowa Central..............
Total (representing
4 roads)...............
V Figures cover only three weeks of May.
JInoludes Lake Erie & Detroit River Railway.
38,698
30,817
$194,412
T o complete our analysis we furnish the following
compilations showing the earnings for May for six
years in the case of the principal roads, arranged in
groups according to their location. In this way the
reader gets a graphic idea of the steady Increase which
has been going on year by year.
RABNING8 OF NORTHWESTERN AND NORTH PACIFIC GROUP.
May.
The cotton movement in the South, as already
stated, was larger than in 1902; still the increase was
not as much as might have been expected considering
the high prices ruling. The shipments overland for
the month were 61,835 bales, as against 51,833 bales
in May 1902 and 58,087 bales in May 1901. The re
ceipts at the Southern outports foot up 213,825 bales,
as against 156,881 bales in May 1902, but as against
274,014 bales in May 1901.
9 1 .9 7 6
9 0 ,8 3 7
8 8 ,0 2 5
7 6 ,6 9 0
7 0 ,8 3 9
Canadian Paoiflo.
Ohlo.Qt. W est__
Duluth S.S.A Atl.
Great North. Sys.
Iowa Central__
M.nn.A St. Louis.
M. S t.P .A S . 8.M.
North. Paoiflc.b >
St.PaulA Du). >
Wisconsin Cent’l.
T otal..............
1903.
1902.
1901.
1000.
1899.
1898.
f
*
1
1
I
*
8,879,000 3,237,082 2,654,847 2,602,808 8,403,151 2,258,999
628,491
476,761
593,190
564,584
445.489
631,274
204,182
286,382
224,636
178,091
247,285
220,553
3,811,030 3,917,243 2,307,525 2,209,060 2,029.933 1,872.874
160,250
171,554
163.006
208,745
177,928
108,939
238,716
260,001 224,136
889,700
225,606
180,547
416,231
442,864 349,640
438,094
680,331
836,514
2,627,030 3,070,288 8,038,116
2,919,60&(
8,719,367 3,406,278
154,46)
137,980
131,641
439,251 488,803
464,015 429,630
621,184
632,700
13,2:4,611 11,849,458 9,9:6,504 9,807,861 8,560,70= 8,029,140
o Includes proprietary lines In all the years.
T H E
1276
C H R O N IC LE
[Vol. LXXVI,
N am e
1902.
1903.
Mag.
1899.
1800.
1901.
2
1
1
167,919 152,953 132.548
400,788
870,618 336,871
1,124,546 989,623
956.348
442,479 405,482
463,544
2,260,768 2,120,164 1,951,649
+471,016 425,988 355,950
526,039
*575,339
534,63)
1,98.1,591 1,118,283 918,969
} 2,475,080 2,352,926 1,967,421
3,439,302 3,173,370 2,802,837
123,756
< 166,148 142,867
812,129
462,924
611,626
410,816
349,583
834,756
9,690,457 8,962 858 7.945.239
T o ta l.............. 13,181,828 11,920,393 10,573,998
* Inoludes Paducah A Memphis Division in these years.
+ Includes Montgomery Division for 1908, 1902,1901 and 1900.
b Freight on material carried for company’s own use is no longer credited to
earnings, the item having been eliminated from both earnings and expenses.
The flgures for 1903,1902 and 1901 are given on this basis.
g Figures for fourth week not yet reported; taken same as last year.
B A B N IN G 8 O F M ID D L E A N D K ID D L E W E 8 T B K B B O A D 9 .
1908.
May.
1902.
I
Ann A rbor............
151,773
Buff.Roch, A Pitts
627,492
425,251
ChlcJnd.A Louisv.
146,476
Evansv. A Terre H.
564,257
Hooking Valley. .
Illin o is Central__ 8,961,831
P e re Marquette... *903,842
St. L, Van. & T. H.
207.781
337,050
Tol. A Ohio Cent..
109,328
Tol. Peo. A West.
227,06:
ToL8t, L. A West.
Wheel. A L. Erie..
| 374,730
Olev. Can. A So..
1901.
1899
1800.
1698.
(
1
t
I
<
136,890
144,241
189 513
110,389
129,173
684,13?
571,478
518,987
335,807
318,305
407,841
274,452
328,006
874,678 368,806
124,083
102,026
109,631
106,622
114,941
608,613
498,195
202,504
224,367
899,364
8,462,870 3,173,307 2,625,499 2,254,184 2,236,658
*815,817
618,315
593,278
759,012
527,742
178,731
138,494
148,409
164,858
168,683
245,074
235,682
183,867
167,669
235,916
93,804
80,966
74,558
79,184
98,361
202,100 2S2.060
102,250
129,399
169,026
< 119,880
217,520
196,746
842,555 246,67( 61,034
8,027,829 7,107,016 6,466,323 5,667,146 4,760,177 4,630,972
T otal................
* Includes Lake Erie A Detroit River Ry. in 1903 and 1902.
B A R R IN G S O F T B U N K L IN E S .
May.
Bal.A O ...
B .A 0.8.W
P.AW.Sys
C.C.C.&St L
Peo.AEast
G .T .o f Can.
Gr.T.West
D.G.H.AM
N.Y.C.AH+
W abash....
Total.
..
1903.
1902.
1901.
1
t
*
14,007,108
|5,720,093
5,113,456
01,665,541
^242,087
)
>2,913,653
)
6,712,479,
1,928,674;
1,532,042
217,279
898,449
1,625,495
225,846
f 1,945,140
2,574,193 < 328,982
(■ 68,181
5,963,616 6,783,809
1,510,760 1,411,635
(
1900.
1899.
f
1
1S98.
3,735,011 r 2,358,738
l 636,994
343,359
235,954
1,860,433 1,200,691
188,452
102,221
1,793,695 1,675,670
846,502
288,569
73,486
74,945
4,050,877 4,323,316
1,292,869 1,193,422
*
2,446,644
632,781
304,839
1,173,802
161,533
1,571,681
300,107
69,198
4,003,113
1,141,678
19,182,977 16,911,351 15,689,208 18,800,189 12,103,440 11,867,736
* Approximate.
t Boston A Albany included in 1903. 1902 and 1901; the Beech Creek R R .
and tee Wallklll Valley RR. fo r all the years, and the Fall Brook system
after 1899.
0 Figures for fourth week not yet reported; taken same as last year.
B A B N IN G S OF S O U T H W E 8 T E B N O B O U P .
1908
May.
t
Den.AR.Gr. ^
B. Gr. W ..)
Int.AGt. No..
Mo. K. A Tex
Mo.P.AIr.Mt.
St. L. A 8. Fr.
K.C.F.S.AM.
K .C .M .A B .
F.W.AR.Gr.
Chic.A E. 111.
Bt.L. Southw.
Texas A Pac.
1.402.60C
804,174
1,395,285
8,382,401
1
\ 2,670,145
1
J
534,051
894,000
Total......... 10,574,173
1902.
1901.
1900.
1899.
1898.
f
t
*
t
$
980,918
872,576 810,457
( 486,058
368,056 303,680
379,862
887,190
201,525 277,696
1,337,896 1,251,902
851,691 770,239
2,950,545 2,824,180 2,450,305 2,298,357
’
f 655,003
597,759
470,161
880,329
2,220,881 1,654,810 I 188,807 127,734
l
33,789
37,051
l 441,720
306,714 855,249
673,857
531,668
413,092 435,308
804,072
884,128
638,808 697,760
653,248
287.690
233,643
707,063
2,131,679
577,204
398,929
182,371
SO,! 28
842.498
350,598
618,383
9,683,713
6,428,334
1,361,700
i
9,843,372
7,639,526 6,997,891
G R O S8 E A R N IN G S A N D M IL E A G E IN M A Y .
Gross E arn in gs.
Nam e o f R oad.
1903.
as
Alabam a G t.S ou th ’ n. 1/165,688
A la .N .O .& T ex .P a c.—
N. Orl. & No. E a s t ..
194,369
A la. & V ick sb .........
87,767
Vioksb. S h r.& P ao..
109,582
Ann A r D o r ......................
151.778
A tlanta K n ox v . & No.
62,375
B a 'tim ore & O h i o ..;
5,720,593
Balt. <te O. So’w n. 5
B eliefon te C en tra l..
6,448
Buff. R oob. & P ittsb..
627,492
C an ad ian P aoiflc . . . . 3,879,000
C entral o f G e o rg ia ..
627,554
Chattan. S o u th e rn ...
11,355
Chesapeake <fe O h io .. 1,477,831
Chic. G reat W estern.
631,274
Chic. In d . & L o u is v ..
425,251
Ohio. T erm . T r. R R . .
139,515
Oin.N .O. & T ex .P a o.. y'375.359
1902.
o f Road.
1893.
f
1
1
174,482
210,60’
9214,039
627,554
470,048
556,715
1,477,831 1,442,673 1,310,903
459,609
9801,443
547,887
b2.986.475 52.625,300 b2,383,873
+538,581 +599,364 +509,567
*837,4c9 *•383,291 *640,175
1.S17.567 1,618,199 1,378,638
Alabama G t.So..
Cent, o f Georgia..
Ohesap. A Ohio...
Oln.N.O. A Tex.P.
Louisv. & Nashv..
Mobile & Ohio....
Nath.Chat.& 8t.L.
Norfolk & W est..
Southern R y ... )
St.Louis Dlv. 5
Yazoo A Miss.Val.
Mileage
Grot* E arn in g*
E A B N IN O S O F B O U T H B B N O B O U P .
M ileage.
Increase or
Decrease. 1903.
1902.
9
y l3 2 ,2 7 9
9
+ 3 3 ,4 0 8
309
SOS
172,926
78,168
88,493
136,890
53,183
5,113,456
4,811
581,135
3,237,082
556,715
8,877
1,442,673
554,584
407,841
146,768
1/321,803
+ 2 1 ,4 4 3
i-9,599
+ 21,089
+ 14,883
+ 9 ,1 9 2
+ 6 0 7 ,2 3 7
+ 1,637
+ 4 3 ,3 5 7
+ 641,918
+ 7 0 ,8 3 9
+ 2 ,4 7 :
+ 35,158
+ 7 6 ,6 9 0
+ 17,410
—7,253
+ 5 3 .5 5 6
195
143
189
292
250
3,884
27
472
7,590
1,845
105
1,636
929
546
108
336
196
143
189
292
250
3,884
27
472
7,5 9 0
1,845
105
1,607
S29
546
108
336
1903
Increase ot
D ecrease. 1903.
1902.
*
9
Ciev. Cin.Ch.A 8t. L . . yl.,194,569 y l , 061,070
1/156,436
P eoria & E a s te r n .. y l8 l,1 9 6
C olorado <&Southern.
472,552
508,583
D env.A R io G ra n d e )
1,361,700
Rio Grande W e s t.j 1,402,600
y35,242
D etroit S o u th e r n ....
y74,396
Dul. So. Shore & A tl..
217,285
220,553
27,014
Evansv. <& Indianap.
29,840
Evansv. <fe T. H a u te ..
124,083
146,476
Ga. South. & F lorid a
100,030
118,611
Gr. Trunk o f C a n ... )
Gr. T runk W est.. > 2,913,553 2,574,198
Det. G r.H av.& M . }
Gt. N o.-S .P .M .& M . * 3,019,395 2,730,732
E astern o f M inn, j
M ontana C en tra l..
191,635
186,511
•looking V a lle y .........
504,257
508,613
'Ulnols Central....... . 3,961,831 3,462,870
Illinois Southern.......
11,463
10,792
394,174
379,262
m ternat’ l& Gt. N o ..
Iow a C entral..............
2
0 8 ,7 4 '
177,928
Iron R a ilw a y ..............
7,369
7,339
Kanawha & M ic h ___
99,935
128,748
Kansas C ity South’n.
531,766
507,707
Lake E rie <fc W estern,
441,432
399,568
boulsv. & N ash ville.. 2,986,475 2,625,300
Macon & B irm in g ’m.
10,892
10,588
rtanistique......... .
14,044
7,572
Mineral R ange...........
53,568
49,860
Minn. & St. L o u is___
289,700
225,606
Vtlnn.8t.P.<& 8.8te.M ,
580,331
488,094
Mo. K an. <fe T e x .......... 1,395,285 1,337,896
Mo. P a c. & Iro n M t.. 3,297,116 2,881.412
Central B ra n ch ___
75,133
85,285
12,812
M obile J a c k .* K.C.Ti
26,320
M obile <fc O hio.............
599,364
538,561
Sash. Chat. & St. L ..
837,409
683,291
N evada-O al-O regon..
19,703
17,425
N .Y .C en.& H ud.R iv.* 6,712,479 5,983,616
Norfolk & W e ste rn ... 1,817,558 1,618.199
Northern Paoiflell___ 3,719,357 3,406,273
Pere M a rq u ette!.......
903,842
815,817
Rio G rande South’n.
42,494
45+42
R utland R R ..............
j/128,880
y l2 0 ,4 7 9
St. L ouis & 8. Fran. )
Chic & E. I llin o is 5 2,570,145 2,220,831
3t. L ouis Sonthwes’ n
573.357
531,659
St. L. Vah. & T. H . ..
178,734
207,731
Ban Fran. <fe No. P a c.
- 94,770
116,292
Seaboard A ir L in e ... 1,033,879 1,021,556
Southern In d ia n a ___
90,162
58,779
Southern R a ilw a y .... 3,439,302 3,173,370
T .H ante & Indianap.
145,140
157,129
T. H aute & P e o r ia ...
47,610
49,602
Texas C entral.............
37,455
33,888
Texas <fe P a c ific .........
894,909
804,072
Tex. Sab.Val. & N.W.
9,900
11,500
Tol. & Ohio C e n tr a l..
337,050
245,074
Tol. P eoria & W est’n.
98,304
100,328
ro i. St. L. & W e st___
202,100
227,068
Toron. H am . & B ufl..
33,970
46,637
U nion P acific proper *2,353,221 *2,009,182
W abash......................... 1.92S.674 1,510,760
374,730
V heel. <fe L ak e E rie ..
342,555
521,184
W isconsin C e n tra l...
582,700
462,994
Yazoo & Miss. V a l...
611,626
1902.
*
+ 133,499
+24,753
+36,031
+ 4 0 ,9 0 0
+ 9.154
+ 2 0 ,7 3 2
+ 2 ,8 2 6
+ 22,393
+ 13,581
1,891
352
1,121
2,433
381
574
146
162
395
1,891
352
1,145
2,890
881
574
146
162
285
+ 339,356
4,085
4,082
+ 288,063 5,253
260
+ 5,124
+ 55,644
347
4,300
+493,961
+ 671
96
+ 1 4 ,9 1 2 1,101
55S
—30,817
20
-3 0
+ 28,813
177
+ 2 4 ,0 5 9
839
887
+ 41,864
+ 36 1 ,1 7 5 3.441
+ 304
97
64
—6,472
127
-3 ,7 0 8
642
—64,094
+ 9 2 ,2 3 7 1,452
+ 5 7 ,3 8 9 2,093
+ 415,704 5,305
388
+ 10,152
96
+ 13,508
874
—60,803
+ 154,178 1,195
144
+ 2,278
+ 748,863 3,320
+ 199,359 1,716
+ 31 3 ,0 8 4 5,394
+ 88,025 2,084
-3 ,3 4 :
180
416
+8,401
+ 34 9 ,2 6 4 4,661
—38,698 1,293
158
+ 2 8 ,9 9
+ 21,522
165
+ 12,323 2,607
154
+ 3 1 ,3 8 3
+ 235,932 7,124
80
+ 1 1 ,9 8 9
174
-1 ,9 9 2
227
+ 3 ,5 6
+ 90,837 1,848
58
+ 1,600
+ 9 1 ,9 7 6
436
+ 2,024
248
451
+ 2 4 ,9 6 8
88
+7,667
+ 344,036 3,033
+ 417,914 2,484
469
+ 3 2 ,1 7 5
977
+ 61,516
+ 1 4 8 ,6 3 2 1,162
4,985
260
347
4,284
96
1,006
558
20
177
839
887
3,389
97
64
127
642
1,394
2,555
5,182
388
50
874
1,195
130
3,320
1,679
5,302
2,084
180
416
4,113
1,298
158
165
2,604
154
6,942
80
174
225
1,710
58
436
248
451
88
3,033
2.48 4
469
977
1,099
T o ta l i81 ro a d s)...... 70,028,295 62,565,693 -67,462,602 101,759 99,723
M exica n R oa d s— (N ot Inolu ded In tota is.)
§386,580
+ 5 3 ,8 2 0
Interooeanlo (M e x .)..
§440,400
+ 204,193
M exioan C e n tr a lt.... 2.095,631 1,891,438
M exican R a ilw a y __
§443,400
§371,500
+ 7 1 ,9 0 0
y60,769
M exioan S o u th e rn ...
i/56,766
— 4,003
Nat’l R R . o f M exioo..
728,162
+ 236,178
964,341
555
2,686
321
263
1,355
580
2,915
321
263
1,376
* B oston and A lb a n y in clu d ed in b oth years, t R esults on M on terey
& M exican G u lf are inoluded in 1903 and 1902 and M exioo, C uerna
vaca <fe P aciflo, R io V erde B ran ch , e tc., in 1903.
t In olu des Lake Erie & D e tro it R iv er R ailw ay.
§ Figures are fo r fo u r w eek s en din g M ay 23.
| Inoludes p rop rieta ry road s in b oth years.
IT F igu res are fo r fo u r w eeks en din g M ay 30.
a Figures d o n o t inolude O regon Short Line R R . or O regon R R . &
N avigation Co.
y Figures here given are fo r th ree weeks on ly o f th e m onth In both
years, the fo u rth week n o t y e t reported.
GROSS E A R N IN G S F R O M J A N U A R Y 1 TO M A Y 31.
N am e o f R oad.
A labam a G t. Sou th ern,
kia. N. O. & T e x .P a o .—
N. O. & N orth ea st’n ...
A labam a <feV ic k sb ’ g ..
V ick sb u rg Shr. & P a c .
A on A r b o r ........................
Vtl. K n o x v . <fe N orth’ n.
B altim ore & O h io___ )
B alt. & Ohio So’ w ’ n $
S elle fo n te C entral.........
Huff. R och , & Pittsburg.
Canadian P a cific.............
C entral o f G e o r g ia .......
C hattanooga S ou th ern.
Chesapeake <fe O h io___
Ohio. G reat W estern —
Ohio. In d . & L on isv.......
Ohio. T erm ’l T ra n s fe r..
Cin. New O rl.& T ax.P ac.
Olev. Cin. Ohio. <fe St. L . .
P eoria & E a ste rn .......
C olorado & S o u th e rn ...
Denv. & R io G r a n d e .. )
R io G rande W estern s
D etroit Southern............
Dul. So. Shore & A t l---Evansv. & Indianapolis.
Evansv. & T erre H a u te.
1903.
1902.
increase.
9
$
y l , 072,623
y959,840
112,783
997,437
487,019
551,447
864,959
293,719
25,945,132
30.927
2,934,377
17,265,896
3,820.467
51,031
7,572,428
3,156,467
2,065,555
696,132
y 2 ,418,886
1/7,470,528
y i , 154,669
2,423.759
6,607,336
y564,905
1,071,037
151,350
694,542
863,817
420,30!
482,595
769,473
264,289
23,301,549
23.746
2,340,112
14,425,532
3 ,1 3 4 ,8 2 :
41,138
6,850,709
2.953,722
1,810,241
676.855
y 2 ,166,657
y 6 ,584,405
y9 29,538
2,228,711
6,401,307
y t5 S ,6 1 3
1,056,702
137,403
597,116
133,620
66,719
68,852
95.436
29,430
2,643,583
7,178
654,265
2,840,384
685,639
9,953
721,719
202,745
255,314
19,277
252,229
892,123
225.131
195,049
206,029
106,292
14,395
13,947
97,426
9
Decrease.
9
............
. . . . ______
_____
-TTf. . lt
■ • ■ a ■. a ,
, a a a t .a M
___ T. .
. . . . . . . .
THE CHRONICLE
J unk 13, 1903.]
Name of Road.
1903.
1902.
$
S
711,61*
Qa. Southern A Florida
512,175
Grand Trunk..
Gr. Trunk Western
13,734,87* 11,84.6,731
Det. Gr. H. A MUw
GreatNo. St.P.M. A M .) 13,415,93* 12,415,682
East’n of Minnesota s
Montana Central......
792,218
913,193
Hooking Valley...........
2,8(56,559 2,093,929
lllluols Central........... 18,959,568 16,885.683
Illinois Southern____
52,241
55,79*
Int. A Great Northern.
2,088,193 1,929,444
Iowa Central...............
976,85? 1,060,579
Iron Railway...............
38,863
36,751
Kanawha A Michigan.
599,585
469,162
Kansas City Southern.
2,658,048 2,469,775
Lake Erie A Western... 1,981,718 1,864,86?
Louisville A Nashville. 14,864.28? 12,373.631
Maoon A Birinln vhain.
51.076
58.49(
Manlstlqne............
87,698
22,34?
Mineral Range............
245,242
230,011
Minneapolis A St. Loulf
1.117,431 1,347,557
Minn. St. P.A 8. Bte. M.
2,613,689 2,251,173
Mo. Kan. A Texas......
6,840,657 6,267,664
Mo. Pacific A Iron Mt. 16,726,911 14,065.063
Central Branoh........
502,76?
335,259
137,091
Mobile Jaok.A K. CityTJ
72,190
Mobile A Ohio..............
3,343,556 2,810.769!
4,105,511 3,348.314
Nashv.Chat. A St. L..
Nev.-Cal.-Orevon........
66,918
54,621
N. Y. Cent. A Hud. Rlv.V 31,975,226 27,131,449
Norfolk A Western
9,068,451
7.476.281
Northern Paoiticll....... . 17,178,021 15,776,584
Pere Marquette:.........
4,425,08? 4,077.019
Rio Grande Southern.
220,813
200,575
Rutland RR................
1/728,773
1*812,131
St. Louis A San Fran . > 13,172,01? 11,242,194
Chic. A East’n Illin. )
St. Louis Southwestern
2,888,15? 2,905,351
St. Louis Vand. A T. II
866,126
1,008,231
San Fran. A No. Pacific
385,682
452,710
Seaboard Air Line.......
5,409,71? 5,010,774
Southern Indiana........
245,581
410,841
Southern Railway....... 17,676.840 15,822,561
775.067
T. Haute A Indlanap...
698,203
233,569
209,298
Terre Ilaute A Peoria.
230,15.
Texas Central..............
197,310
4,780,361 4,521,363
Texas A Paclfio..........
Texas Sab. Val. A N. W
54,894
54,800
1,428,89(
1,116,805
Toledo A Ohio Central.
442,652
512,324
Toledo Peoria A West’D
1,034,234
1,280,95?
Tol. St. L. A Western...
231.535
188,449
Toronto Ham. A Bull..
Union Paclfio proper... xlO.853,651 rlO,088,33'
7,600,247
8,585,33'.
Wabash.........................
1,696,880 1,417,786
Wheeling A Lake Erie.
2,621,71* 2,415.653
Wisconsin Central......
2,929,35*
2,729,808
Yazoo A Miss. Valley.
Total (81 roads)... 340,451,843
Inorease (13 28 p. o.)..
1277
Increase. Decrease
199,438
1,888,14?
1,000,254
120,977
272,630
2,073,88?
3,549
158,749
2,112
130,420
188,273
116,856
1,985,651
7.420
362,516
572.993
2,661,848
117,506
64,901
532,786
767,197
12,297
4,<*43,77"
1,592,170
1,401,437
348,036
83,361
1,929,821
142,10?
67,028
398.941
165,260
1,854,279
76,864
24,270
32,842
259,00)
312,091
69,67?
246,691
43,133
765,314
985,085
279.094
206.068
199,542
40,105,831
39,723.869
Mexican Roads—Not iDolnded in totals.
§2,117,800 §1,898,565
219,235
Interooeanio (Mex.)...
Mexican Central!...... 10,422,91* 8,544,786 1,878,130
231,500
Mexican Railway...... §2,195.100 §1,963,600
1/401,714
10,509
Mexican Southern......
t/391,205
3,554,057 1,095,744
4,649.80:
National RR. of Mex..
—Considerable expansion Is shown in the various items
contained in the latest report (that o f Jane 9 1903) o f the
National Citizens’ Bank o f this city as compared with the
previous statement issued nnder the call o f the Comptroller
on A pril 9. Deposits have increased nearly tw o million dol
lars, the amount now reaching $9,875,232, against $8,073,893
tw o months ago. Undivided profits likewise reveal a gain, the figures for June 9 (less expenses and taxes) being re
ported at $170,967, which compares with $149,236 for April 9.
83,724
Total resources, which stood at $10,910,929 on A pril 9, have
risen to $12,744,949. The bank has a com bined capital and
surplus o f $2,050,000. Its affairs are directed by Mr. Edwin
S. Schenck as President, Ewald Fleitmann as Vioe-President,
15,355 Henry Dimse as Cashier, Nelson A. Reynolds and A lbion K.
15,231
230,121 Chapman as Assistant Cashiers.
— A membership in the New Y ork Stock Exchange was
transferred this week for a consideration o f $70,000. This
represents a decline o f $10,500 from the last previous sale
and $14,000 from the highest price on record, a transfer hav
ing been reported in September o f last year at $94,000.
. . . . ____
. . . . ___
.......
—The resumption o f negotiations looking tow ard the con
solidation of the National Bank o f Commerce in New Y ork
20,241
and the W estern National Bank o f the United States was the
most im portant piece o f news announced in financial circles
........
17,196 this week. The proposed union o f the tw o banks was first
talked o f in April, but the abandonment o f negotiations was
officially announced by President Hendrix o f the National
Bank o f Commerce about tw o weeks ago. On W ednesday of
this week, however, President Hendrix gave out the fo llow
ing: “ This bank has received from the Comptroller o f the Cur
94 rency permission to increase its capital to $25,000,000, which,
under direction o f our board o f directors, and b y and with
________
........
the consent o f our stockholders, w e w ill proceed to do. Ne
gotiations have been resumed with the W estern National
Bank o f the United States, and are now in charge o f co m
mittees representing the tw o banks. Details w ill be given
in public notice to our stockholders.”
381,962
— At a meeting o f the directors o f the National Shoe &
........
—
’ Boston A Albany inoluded In both years.
tThe Monterey AMexioan Gulf was not Inoluded In 1902 until March 1,
and the Mexloo Cuernavaca A Paolflo Rio Verde Branon, etc., not for
any part of that year; all these rosds are inoluded In 1903,
t Includes Lake Erie A Detroit River Railway,
y Inolndes proprietary roads In both years.
§ Figures are for period to May 23.
ITFigures are for period to May 30.
y These llgures are down to the end of the third week of May only.
• Figures do not lnolude Oregon Short Line RR. or Oregon RR. A
Navigation companies.
Leather Bank o f this city on W ednesday o f this week, A lfred
J. M cGrath ana Augustus C. C orby were appointed additional
Assistant Cashiers.
Mr. M cGrath is well and favorably
known by bankers throughout the country. F or the past
tw o years he has been connected with the Bank of N ew
Y ork, N. B. A ,, previous to which he was w ith the Mer
chants’ National Bank o f Philadelphia. Mr. C orby’s pro
m otion is well deserved, he having been associated w ith the
National Shoe & Leather Bank fo r over sixteen years,-1
Last January he was advanced from Loan Clerk to Chief
Clerk, and now comes the higher offioe as a reward o f faith
ful service.
—The Oriental Bank w ill hold a special meeting on June
22 at 175 Broadway. The stockholders will vote on a propo
sition to increase the bank’s present capital stock from $600,ITEMS ABOUT BANKS, BANKERS AND TRUST C O ’S 000 (com prising 24,000 shares at $25 par) to $750,000, consist
—The public sales of bank stocks this week aggregate 599 ing of 30,000 shares.
shares, of w hich 205 shares were sold at the Stock Exchange
—The M etropolitan Trust Company o f this city has de
and 894 at auction. The transactions in trust com pany stocks clared a semi-annual dividend o f 8 per cent, payable June 26.
amount to only 25 shares. The dealings in bank stocks at the Previously the com pany paid 5 per cent each semi-annual
Stock Exchange have been entirely in stock o f the National period since 1896.
Bank of Commerce, the price fo r w hich advanced from 830
—The K nickerbocker Trust Company o f this city, in addi
to 860 on the reported reopening o f negotiations for con
tion to increasing its semi-annual dividend to 10 per cent
solidation w ith the Western National.
Sales o f bank stocks
has declared an extra dividend o f 7 per cent, both payments
in the “ c u r b ’ ’ market were lim ited to about 125 shares o f
to be made July 1. The institution has paid 3% per cent at
National Bank o f Commerce at 360.
each half-yearly period since 1898.
Shares
B a n k s —New
York.
150 American Exoh. Nat. Bank...
*305 Commerce, National Bank of...
9 First National Bank...............
60 Merchants’ Nat. Bank.........
75 Nassau Bank...........................
T r u s t C o m p a n i e s — New
Price.
248
330-360
676
178*4
1S6
To <-k.
750
Last precious sale.
May
June
Mar.
May
May
1903—
1903190319031901—
265
330
760
180*4
201 \
Juno 1903— 750
—The International Bank, a new State institution, has
recently opened for business at N o. 1 W all Street, this city.
As the name implies, it is an offspring o f the International
Banking Corporation. It is the intention o f these interested
to have various branches throughout the city. Mr. W illiam
L. Moyer, the well known President o f the National Shoe &
Leather Bank, and w ho is also President o f the International
Banking Corporation, is at the head o f this concern. Mr.
John H ubbard fs Cashier and Mr. J. H. Rogers Assistant
Cashier.
* Of this 205 shares were sold at the Stock Exohange.
—A t a meeting of the directors o f the F ifth A venue Bank
o f New Y ork, held on the 11th inst., a regular quarterly
dividend o f 25 per cent was declared on the capital stock of
the bank. The earnings of the bank for the years 1900, 1901
— Authority to begin business has been received from the
and 1902 having been unusual, the directors at the same
meeting also declared a special dividend o f 100 per cent on State Banking Department by the Cooper Exchange Bank of
the capital stock. Both dividends w ill be payable July 1st this city. As has been heretofore stated, the bank has a cap
1903. Transfer books w ill be closed from June 23d at 12 ital o f $100,0C0 and a surplus of $60,000. It will make its quarters’ at Second Street and A venue A.
M. until July 1st.
1278
THE CHRONICLE
—Mr. David A. B oody was this week elected President of
the Spragne National Bank o f B rooklyn to succeed the late
Nathan T. Sprague. Mr b o o d y is a m em ber o f the New
Y ork banking firm of Boody, M cLellan & Co., and had prior
to his election as President held the office o f Vice-President
o f the bank. In this latter position he has been succeeded
by Mr. Theophilus Olena.
[VOL.
l x x y i.
July, when it will succeed A. D. Mather & Co.’s Bank. The
stockholders o f the latter voted last week to place the bank
in liquidation as soon as the new institution is form ally
launched.
—Officers were last week elected fo r the County Trust
Company o f W hite Plains, N. Y ., which, about a m onth ago
received authority from the State Banking Department to
Mr. H ow ard E, Foster has been chosen
—The State Bank o f this city, located at 878 Grand Street, begin business.
is making arrangements to open a Brooklyn branch about President, David Crom well, Vice-President, and Joseph H.
the first of July. The directors have purchased property in Mead, Secretary. The com pany w ill open about the first of
what is known as the Brownsvile section, at Glenmore and the com ing month in the Barrett Building, W hite Plains.
Stone avenues, upon w hich they w ill erect a suitable stru c
—The Plainfield Trust Company, o f Plainfield, N. J.,
ture, locating in the meantime in tem porary quarters in the w hich has just com pleted its first year, has prepared a little
immediate vicinity.
book tending to fam iliarize the public w ith the terms and
—The expansion shown by the Marine National Bank of facilities offered by the com pany to its patrons. The field
Buffalo, N. Y ., to w hich w e took occasion to refer at length covered b y the institution embraces banking, trust, and a
in our issue o f March 9 1901, has since that date continued special department where an account o f $5 or more may be
to such an extent as to warrant still further com m ent. The opened, such accounts receiving interest at 3 per cent per
period covered in our previous reference was from M arch 16 annum. Mr. Orville T. W aring, o f the Standard Oil C om
1897 to Decem ber 4 1900. The deposits, as we then saw, had pany, is the P resid en t; Mr. Augustus V. Heely, of the
risen during that time from $3,829,645 to $7,589,025, surplus Farmers’ Loan & Trust Company, is First Vice-President
and profits from $852,337 to $1,121,645, and aggregate re Henry A . M cGee, also o f the Standard Oil Company, is
sources from $4,881,983 to $8,910,672. The bank in A pril Second Vice-President, and J. H erbert Case, Secretary and
1902 entered the national system, having theretofore been a Treasurer. Equally prominent names appear among the list
State institution, and shortly after absorbed the B uffalo C om o f the directors, who num ber fifteen.
mercial Bank. T o this acquisition o f course may be attributed
— The “ Boston News Bureau” is authority for the state
some o f the gain shown between A pril 30 1902 and July 16 ment that a controlling interest in the Massachusetts Trust
1902, but entirely apart from this its business has continued Company o f Boston has been sold by Messrs. K idder, Peabody
to grow during the whole o f the period since the appearance & Co. and F. S. Mosely & Co. to Mr. T. Jefferson Coolidge
o f our previous statement. The steady progress of the bank Jr., the transaction having been consummated on the 11th.
is depicted m the follow in g statement:
— Mr. Robert A. K night, acting in the interest o f a bank
Surplus
Gross
Aggregate —Price — ing firm, is seeking options on the stock o f the John H ancock
M a r in e N a t io n a l Capital. <£Profits. Deposits. Resources. Bid. Ask.
National Bank of Springfield, Maas. It is stated that a con
Ba n k , B uffalo.
$
$
$
$
June 9 1903....... 230,000 1,624,540 14,945,437 16,999,277 1100 .... siderable portion o f the shares has already been secured, the
Apr. 9 1903....... 230,000 1,601,571 14,204,132 16,106,803 1100 .... price offered being 110. The bank began as a State insti
Feb. 6 1903....... 230,000 1,578,743 13,151,199 15,009,942 1100 .... tution in 1850, with a capital o f $100,000. W hen reorganized
Nov. 25 1902.......230,000 1,610,182 13,382,369 15,272,551 1100 ....
Sept 15 1902.......230,000 1,540,826 14,650,148 16,470,474 1100 .... as a national bank in 1865, the capital became $150,000. Later
July 16 1902.......230,000 1,487,403 14,934,423 16,701,826 1 1 0 0 .... the amount was increased to $250,000, the present figure.
Apr. 30 1902....... 200,0001,248,71112,804,415 14,253,126 1100 .... Mr. Edmund D. Chapin is the President is the President and
Mar. 12 1902.......200,000 1,244,222 12,120,653 13,564,875 1100 .... M r. E. Dudley Chapin the Cashier.
Dec. 3 1901.......200,000 1,174,355 12,889,029 14,263,384 1 1 0 0 ....
— A certificate was issued on the 5th inst. to the MassasoitSept 12 1901.......200,000 1,152,201 12,277,835 13,630,036 1000 ....
July 1 1901.......200,000 1,071,754 10,931,366 12,203,120 1 0 0 0 .... Pocasset National Bank o f Fall R iver, Mass., w h ich is a
Mar. 14 1901... ...200,000 1,152,062 8,729,745 10,081,807 1000 .... consolidation o f the Massasoit National, the Pocasset N a
Deo. 4 1900... ...200,000 1,121,645 7,589,025 8,910,672 900 .... tional and the Union National. The enlarged bank has a
Sept. 4 1900... ...200,000 1,077,526 6,926,790 8,204,318 550 .... capital o f $650,000, and is officered by Mr. Charles M. Shove,
Mar 31 1900 ... ...200,000 1,015,353 6,221,795 7,437,150 550 ....
Mar. 10 1900... ...200,000 1,003,996 5,774,395 6,978,394 550 .... President; Edward E. Hathaway and Thom as D. Covel, V iceDec. 4 1899... ...200,000 955,419 6,111,912 7,267,333 550 .... Presidents; E ric W . Borden, Cashier, and John T. Burrell,
Sept. 20 1899... ...200,000 911,176 6,391,557 7,502,735 500 ...
Assistant Cashier.
June 14 1899... ...200,000 851,151 7,011,960 8,063,113 500 ....
—A new financial institution, the State Trust Company o f
Mar. 30 1899... ...200,000 880,315 6,389,771 7,470,088 500 ....
Concord, has been chartered by the N ew Hampshire Legisla
Deo. 19 1898... ...200,000 860,443 6,288,912 7,349,358 500 ...
Sept. 29 1898... ...200,000 899,185 5,775,800 6,874,986 500 .... ture. The com pany has been capitalized at $500,000.
July 23 1898... ...200,000 869,285 5,631,707 6,700,994 500 ....
—The Am erican National Bank o f W ashington, D. C.,
Apr. 26 1898... ...200,000 845,742 5,865,556 6,911,300 500 ....
Deo. 16 1897... ...200,000 905,548 5,941,789 7,047,340 485 .... organized several months ago, has entered the banking field
of that city , having opened its doors a few weeks ago. Tne
Sept 15 1897... ...200,000 865,560 5,340,708 6,406,269 485 ...
June 9 1897... ...200,000 873,148 4,414,797 5,487,947 485 ...
bank has a capital of $200,000, and is under the management
Mar. 16 1897... ...200,000 852,337 3,829,645 4,881,983 485 ...
o f Col. Robert N, Harper as President and Henry Lynn,
In the six years covered above the bank has thus increased Cashier.
its surplus and profits alm ost one hundred per cent: its gross
— Application is to be made by the officers o f the Trades
deposits show an addition o f over 11 m illion dollars and men’s Trust & Saving Fund Company o f Philadelphia for
aggregate resources a gain o f over 12 m illion dollars. The permission to have the title ohanged to the Tradesmen’s Trust
authorized capital was increased from $230,000 to $500,000 by Company. As noted several weeks ago the institution is
the stockholders in June 1902, the outstanding amount at the about.to increase its authorized capital stock from $250,000
present tim e being $230,000. The total o f surplus and profits to $500,000, its stockholders voting on the proposition on the
stands at $1,624,540, or seven times the amount o f the capi 17th inst. The com pany’s officials are: President, ex-M ayor
tal. The bank’s development is due in very large measure Samuel H. Ashbridge; Vice-President and Trust Officer, W .
to the efficient management of President Stephen M, Clem ent, Spence H arvey, and Secretary and Treasurer, Lewis K.
w ho is assisted by Mr. John J. A lbrigh t, V ice-President; Brooks.
John H. Lascelles, Cashier; Henry J. Auer and Clifford H ub—The City Trust & Banking Com pany o f Baltimore, M d.,
bell, Assistant Cashiers.
was on Monday placed in the hands o f Messrs. G eorge D.
—The People’s Bank o f Binghamton, N. Y ., in its state
ment fo r May 23 last reports deposits o f $627,742, which
compares w ith $263,924 on May 31 1900, $172,120 on May 31
1898 and $114,883 on May 31 1896. Continued grow th is thus
shown by the bank, which com m enced business on June 1
1895. The capital is $100,000. Mr. W . H. W ilkinson is the
President, F. J. Bayless Vice-president and Jacob W iser
Cashier.
—The Citizens’ Trust & Deposit Company o f U tica, N. Y .,
projected several months ago, w ill begin business early in
Penniman and Campbell Carrington as receivers. The no
tice issued to the depositors states that the suspension was
due to an unexpected demand to pay a large sum o f money
and the inability o f the com pany to realize on some o f its
assets. It is belived that all w ill be paid in full. The com
pany.has a capital o f $100,000. It was reorganized in Janu
ary, when Mr. W illiam F, W heatley resigned the Secretary
ship o f the Baltimore Chamber o f Commerce (w hich he had
held since 1867) to become its President. Originally the
company was organized as the United States Trust Com pany;
J une 13, 1903.]
THE CHRONICLE
somewhat later it was succeeded by the Fraternal Trust
Company, the name finally becom ing the City Trust & Bank
ing Company about three years ago. A ccording to a state
ment of May 80. the deposits aggregated about $500,000. An
order has been signed authorizing the continuance o f the
warehouse and storage business conducted by the company,
which, it is stated, has always been profitable.
— A t the annual election o f officers o f the Baltimore Stook
Exchange on the 1st inst,, Mr. H. A. Orrick was chosen
President to succeed the late Mr. Derick Fahnestock. Mr.
Clymer W h yte was elected Chairman o f the board.
—The opening o f the Industrial National Bank o f Pitts
burgh occurred on Monday in the tem porary banking rooms
at 241 Fourth Avenue. The institution has substantial back
ing, its directorate containing the names o f Mr. L. A.
R obison, General Passenger A gen t o f the Pittsburgh & Lake
Erie; B. C. Vaughn, Assistant to the Vice-President o f the
Pittsburgh & Lake Erie; J. G. Patterson, Treasurer o f the
Pittsburgh Term inal Railroad & Coal C o.; George L. Peck,
General Manager of the Pennsylvania Lines W est o f Pitts
burgh; James A . Henderson, President o f the Pittsburgh &
Cincinnati Packet Line, etc. Mr. John W . Garland, o f the
Garland Chain Company and other industrial organizations,
is the President o f the new bank. The other officers are:
Mr. W . C. Magee, V ice-P resident; C. M. G erw ig, Cashier,
and D. E Davis, Assistant Cashier. Mr. Magee was form erly
Vice-President o f the F rick Coal Company, while M r.Gerwig
has ju st relinquished the Assistant Cashiership o f the M onongabela National Bank o f Pittsburgh. On a recently pur
chased site at 330 Fourth A venue the bank will build a per
manent home.
—The Oakland Savings & Trust Company o f Pittsburgh,
which is to succeed the Oakland Bank, will not be ready for
business until July 1, several weeks later than had been
anticipated. The officials have been elected, Mr. James J.
Flannery continuing as President; Mr. James J. Booth re
taining his office of Vice-President, Mr. John G, Pew being
chosen as Second Vice-President and Secretary, and Charles
B. A ylesw orth as Treasurer.
—A charter has been granted to the South Sharon Trust
Company of Pittsburgh, organized with a capital of $200,000.
Mr. J. A. W est has been chosen President, Harry Davis
Treasurer and H. W . Klein Secretary.
1279
business, and has decided to change its title to the Lake
Shore Banking & Trust Company.
— By a unanimous vote o f the Chicago Clearing House
Association the United States Sub-Treasury at Chicago was
admitted to membership for an experimental period of ninety
days. Details o f terms were left to the Clearing House C om
mittee, o f which President Forgan o f the First National
Bank is Chairman.
A t an early meeting between SubTreasurer W illiam s and this com m ittee the arrangement w ill
be definitely concluded.
—A t a special m eeting on the 9th inst. o f the stockholders
o f the M erchants’ Loan & Trust Company o f Chicago (the
oldest bank in Illin ois), it was voted to increase the capital
and surplus each $1,000,000. This w ill be accom plished by
issuing ten thousand new shares o f a par value o f $100 at $200
to stockholders o f record, making the bank’s increased capi
tal and surplus $3,000,000 each. The present 12-per-cent
dividend rate will be continued.
—The consolidation o f Bartlett, Frazier & Co. and Car
rington, Patten & Co. (C hicago) July 1 w ill result in the
new firm o f Bartlett, Frazier & Carrington, form ing one of
the strongest com m ission grain and stock houses in the
country. The amount o f capital represented in this co-part
nership considerably exceeds $5,000,000. The individual
members are W . H. Bartlett, F. P. Frazier, C. B. Pierce,
W . T. Carrington, G. W . Patten, James A . Patten and J. A .
G rier. Mr. G rier w ill represent the firm on the N ew Y ork
Stock Exchange, and Mr. Carrington is to m ove East and
have charge o f the Eastern house. The firm’s New Y ork
office is at 5 & 7 N ew Street.
—A n extra dividend of 1 per cent has just been paid to the
stockholders o f the Illinois Trust & Savings Bank o f Chicago.
A 1 per cent extra dividend was also paid last quarter. The
regular quarterly dividend o f 3 per cent w ill be declared July
I, which puts this great financial institution upon a-16 per
cent basis. The plan to issue another $1,000,000 o f capital
stock has been abandoned fo r the present. President John
J. M itchell says: “ The plan to issue another $1,000,000 ca p
ital this summer was under consideration for some time.
The directors felt, how ever, that the present was hardly an
opportune time, and the plan was dropped.”
—Milwaukee is soon to have a new national bank, the
Germania National, now in process o f organization. The
incorporators are George Brunder, Frederick M. W ilmanns,
—The new stock which is to be put out by the State Bank
George P. Mayer, L. W . Bunde and Herman Fehr. The
ing & Trust Company of Cleveland w ill be issued some time
capital, it is stated, w ill be $300,000.
next month. The capital w ill be increased from $300,000 to
—Under date o f the 25th ult. the Com ptroller approved
$500,000, calling for an issuance o f 2,000 shares o f $100 each.
the
organization of the Merchants’ National Bank o f East St.
One-half of these will g o to present stockholders w oo have
waived their right to the remainder in order to adm it new Louis, III. Mr. James J. Mars, Arcade B uilding, East St.
interests. The entire issue w ill be sold at $135 per share. The Louis, is interested in the bank, which has a capital of
officials of the com pany are Dr. H. W . K itchen, President;
Ferdinand Strauss and S. K. Barstow, Vice-Presidents, and
John Jaster, Treasurer.
— W ith the payment of a 10-per-cent dividend w hich R e
ceiver Heermans o f the First National Bank o f Belmont,
Ohio, expects to pay about the 15th inst, 95 per cent w ill have
been paid to the creditors since the failure in February 1902.
—A meeting of the stockholders o f the F ifth National
Bank o f Cincinnati, Ohio, w ill be held on the 30th inst. when
the articles o f association w ill be changed so as to permit of
fifteen directors instead o f nine, the present number. Three
new directors w ill at the same time be elected, Mr. W . H.
Stewart, contractor; D. H. Gayle, President o f the Cincin
nati Leaf T obacco W arehouse Company, and Charles Patton,
Treasurer o f the Cincinnati New Orleans & Texas Pacific Ry
—The Martin Bank has been organized in N ew Straitsville,
Ohio, with a capital o f $25,000. A com m ercial and savings
bank business w ill be conducted, the institution opening on
the 15th inst. in quarters purchased for the purpose. Mr. E.
S. Martin is President and Elmer E. Stiyerscn, Cashier.
—The State Bank of Ohio is the name o f a new financial
institution in Massillon, Ohio. The bank has a capital of
$100,000. The officers are Mr. Z. T. Shoemaker, President;
John J. W efler and Albert Ellery, Vice-Presidents, and
Charles E. Beck, Cashier. Arrangements are being made to
open the bank within a week or so.
$ 200 , 000 .
—The W est V irginia bankers met fo r their annual meeting
on the 3d and 4th inst. at Parkersburg. The convention,
which was the tenth, was well attended. The papers in
cluded one on “ Proposed Changes in the Bank Legislation,”
by Hon. Charles G . Dawes, form er Comptroller o f the Cur
rency and President o f the Central Trust Co. o f Illinois at
Chicago, and another on “ Evils o f the National Bankruptcy
Law,” by Mr. J. J. Coniif o f W heeling. The officers chosen
before adjourning a r e : President, M r. R obert L. Archer,
Cashier o f the W est V irginia Savings Bank & Trust Com
pany o f H untington; V ice-P residen ts—First District, J. Lee
Harne, Cashier o f the First National Bank o f New Martins
ville; Second District, U. C. McCandlish, Cashier o f the
Davis National Bank o f Piedm ont; Third District, Mason
Mathews, Assistant Cashier o f the Bank o f Lewisburg;
Fourth District, L. O. Reynolds, Cashier o f Pleasants County
Bank o f St. Marys; Fifth District, Edw in Mann, President of
the First National Bank o f Bluefield, and Secretary and
Treasurer, C. T. Hiteshew, Assistant Cashier o f the Farmers
& Mechanics’ N ational Bank o f Parkersburg.
—The programme to be'presented at the convention o f the
North Carolina Bankers’ A ssociation w ill contain a number
of interesting features, ch ief o f w hich is an excursion on the
24th inst. from W rightsville Beach, at W ilm ington (where
the bankers w ill gather), to Forts Fisher and Caswell. The
session w ill continue throughout three days, beginning in the
— The Lake Shore Banking & Savings Company o f C leve evening of the 23d and concluding on the 25th. N o business
land has received permission to do a safe deposit and trust will be transacted on the 24th until 8:33 p . m , when the read-
1280
THE CHRONICLE,
in g o f the annual addresses and routine w ork connected there
w ith w ill take place, inters£ers?cl w ith m usic. On the fo l
low in g day some im portant discourses w ill be given, am ong
these being an address on “ O rganization A m on g Banks and
the Benefits Incident T hereto,” by Mr. Caldw ell H ardy, Presi
dent o f the N orfolk N ational Bank o f N orfolk , V a ., and
President o f the A m erican Bankers’ A ssociation: “ The Bank
and Its Depositors: T heir D uty to E ach O ther,” by M r. Lee
H . Battle, Cashier o f the C ity N ational Bank o f Greensboro,
N. C .; “ C om petition A m on g Banks,” by W a lter L , Parsons,
Cashier o f the Bank o f Pee Dee, R ockin gh am , N . C ., and J.
E lw ood Cox, President o f the C om m ercial National Bank of
H igh P oin t; “ E xchange and C ollection s,” b y T. W . D ew ey,
Csshier o f the F arm ers’ & M erchants’ Bank o f N ew Berne,
N. C., and L. L . Jenkins, President o f the F irst National
Bank o f Gastonia, and “ The W o rk o f the N orth Carolina
Corporation C om m ission,” by H on. F ranklin M cN eill, C hair
man o f the Com m ission.
[VOL. L X X V I.
H. W . Decker, E arl C. Bronaugh, A. F. F legel, B. L ee P a
get. A S. N ichols. D. Solis Cohen, J. 0 . G oltra, E. A . Noyes
and BeDj. I, Cohen. T he directors w h o w ill serve on the
Finance Com m ittee for the ensuing year are Mr. E. A . N oyes,
Earl C. Bronaugh and A . F . Flegel.
— Mr. A lfred C oolidge has becom e President o f the T rad
ers’ National Bank o f Spokane, succeeding Mr. M. M . C o w
ley. The bank also has a new V ice-P residen t in M r. A .
K uhn, w h o replaces M r. D. M. Drum beller.
— The address o f C om ptroller W illia m B. R id g ely w ill
form part o f the first day’s proceedings o f the T w e lfth A n
nual C onvention o f the G eorgia Bankers’ A ssociation, to be
held on W ednesday and Thursday o f next week at Atlanta.
Three discourses appear on the program m e arranged fo r the
second day ; th ey are e n title d : “ P rotest L a w ,” b y Mr. Oscar
E. D ooly, Cashier o f the H om e Savings Bank o f M acon, G a .;
“ Dishonesty o f Bank Clerks,” by Mr. A . J. H ansell, Cashier
o f the Bank o f R udolph, C uthbert, G a., and “ A State
A u d ito r,” by Mr. W . D. M anley, Cashier o f the Farm ers’ &
Traders’ Bank o f A tlanta. The A tlanta C learing House
A ssociation w ill tender a banquet to the m em bers and their
guests on the evening o f the 17th inst. Mr. F . D. B loodw orth, Cashier o f the N ational Bank o f Savannah, at Sa
vannah, is President o f the A ssociation ; M r. G . H. P lant,
V ice President o f the F irst National Bank o f M acon, is the
Treasurer, and Mr. L , P. H illyer, Cashier o f the A m erican
N ational Bank o f M acon, is the Secretary.
— The stockholders o f the W estern National Bank o f San
F ra n cisco voted on the 3d inst. to increase the capital from
$200,000 to $500,000. T w o-th ird s o f the new issue w ill be
taken b y the existing shareholders, and the rem aining th ird
by influential business men o f the city .
— Mr. Dan B row n Jr. has replaced Mr. C. A llison T elfer a3
Cashier o f the Fresno N ational Bank o f Fresno, Cal. Mr.
B row n's successor as Assistant Caeshir is Mr. A . S. Hays.
DEBT
STATEM ENT
M A Y
SI
190S.
The fo llo w in g statem ents o f the p u b lic d eb t and Treasury
cash holdings o f the U nited States are m ade up fr o m official
figures issued M ay 31, 1903. F o r sta tem en t o f A p ril 30, 1903,
see Chronicle M ay 23, 1903, p a g e 1119; th a t o f May 31?
1902, see June 7, 1902, p a g e 1177.
— The Citizens’ Bank o f Savannah, Ga., opened on June 1
its branch at L iberty and M ontgom ery streets. The bu ild
in g in w h ich the branch is located is six stories high and is
ow ned by the bank. C onstruction was begun about a year
ago, and has on ly lately been com pleted.
The banking
room s are attractively furnished, and have been equipped
w ith every necessary detail. A s b efore noted, Mr. E dw ard
M. O’ Brien has been appointed M anager o f the general depart
m ent o f the branch and M r. E. L . Schirm M anager o f its sav
ings departm ent.
— Mr. G eorge B, Penrose, w h o wss identified w ith several
banks in N ew Orleans, died last Saturday. Mr. Penrose was
at the tim e o f his death C ity Treasurer o f N ew Orleans and
a m em ber o f the cotton brokerage firm o f Smith & Penrose.
—The final report o f R eceiver James P. Clarke o f the Bank
o f L ittle R ock, L ittle R ock, A rk., has been com pleted and
subm itted fo r approval to the C hancery Clerk. The dis
charge o f the receiver has been asked for, the creditors hav
in g been paid in fu ll. The bank suspended on January 20 o f
this year.
— The entire ow nership o f the U nion Stock Yards Bank o f
Denver, C olo,, has, it is announoed, changed hands, and Mr.
G ord on Jones has becom e President. T he capital is $30,000.
Mr. W . J. Fine w ill continue as Cashier, but the resignation
o f Mr. S. G , G ill, V ice-President, is expected.
— The B ank o f C om m erce and the Bessemer Savings Bank,
both o f Bessemer, A la ., closed on the 10th inst. In the case
o f the last-named bank, it is stated that its suspension is due
to a shortage o f $200,000. The closin g o f the Bank o f C om
m erce, accord in g to the reports published, was m erely taken
as a precautionary measure. Mr. T. O. Sm ith has been ap
pointed receiver o f the latter and M r. G eorge H. Stevenson
receiver o f the savings bank. The liabilities o f the savings
bank are said to be $235,000 and the assets $35,000. The same
authority gives the liabilities o f the Bank o f C om m erce as
$43,000 and the assets as $67,000.
— A t the recent annual m eeting o f the P ortland T rust Co,
o f Portland, Ore., Mr. H. L , P ittock w as elected First V ice
President and Mr. W . J. G ill Second.Assistant Secretary. The
other officials were re-elected, and include Mr. B enjam in I.
Cohen, President; A . S, N ichols, Second V ice-P resid en t; B.
Lee Paget, Secretary, and J. O. G oltra, Assistant Secretary.
The follow in g com pose the board o f directors: H. L. P ittock ,
IN T E R E S T -B E A R IN G D E B T M A Y 31. 1903.
U tle o f Loan—
Interest A m ou n t
payable, issued.
t
---------- Am ount O utstandino.—— ^
Registered.
Coupon.
l o t a i.
t
$
2a, Consols Of 1930...... Q.— J
616,411,060 605,675,500
3s, Loan o f 1908-1918..Q.—F .
198,792,660 44,931,140
4s. Funded loan, 1 9 0 7 ..Q .-J . 740,925,450 131,331,250
is R efund’ d certifle’ s.Q.— J . 40,012,750
.............
4s, Loan o f 1 9 2 6 ... ... .Q.—F .
162,316,400 91,933,200
6s, Loan o f 1904...........Q.—F .
100,000,000 12,495,000
A gg’te Int.-Bearlng D eb t. 1,767,457,310 786,866,090
I
9,835,550
89,868,720
46,103.560
.............
26,616,700
6,890,050
615,411,060
84,789.860
176.434 800
80,700
118,489,900
19,385,050
128,244,670
914,541,860
N o t e — Denominations
Of
Of
Of
Of
Of
of Bonds are :
$10 only refunding certificates; of $20 loan o f 1908 coupon and registered
$50 all issues except 3s of 1908: of $100 all issues;
$500 all except 5s of 1904 coup.; o f $1,000 all issues;
$5,000 all registe’d 2s,3s aDd 4s: of $10,000 all registered bonds;
$20,000 resist. 4s loan of 1907; o f $60,000 registered 2s o f 1930.
D E B T ON W H IC H IN T E R E S T H A S C E A S E D SIN CE MATURITY.
ApU SO.
May 81.
funded Loan of 1891, continued at 2 peroent, called
May 1 8 ,1 9 0 0 ; Interest ceased August 1 8 ,1 9 0 0 ... $111,700 00
$96,70000
Funded Loan o f 1891, m atured Septem ber 2 1891..
60,760 00
60,750 00
Old debt matured prior to Jan. 1,1861 ....................... 1,057,600 26
1,057,450 26
D e b to n which in terest has ceased........................$1,230,060 26
$1,214,900 86
D E B T B E A R IN G NO IN T E R E S T .
D nited S tatesn o tes..............................................................................................$346,681,016 00
Old demand notes..................................................................................................
58.847 50
National bank notes—Redemption account............................................... 41,494,11800
Fractional currenoy, less $3,375,934 estlm ’d as lo st or destroyed
6,871,690 63
A g g re g a teo f d eb tb ea rln g n o Interest................................................... $365,100,67018
R E C A P IT U L A T IO N .
M a y 31,1903.
Classification o f D ebt—
Interest-bearing d e b t.........
Debt, Interest ceased...........
Debt bearing no In te r e s t...
ApZ, 30,1903.
In c . or Dec.
$
$
$^ „ „„
914,541,360 00
914,541,390 00 Dee.
$30 00
1,214,900 26
1,280,(50 26 Dec.
15,150 00
895,100,070 18 396,420,165 13 Dec. 1,889.495 00
T otal gross debt..............1,310,868,930 89 1,312,261,606 89 Deo. 1,404.676 00
Cash balance In Treasury*. 876,ltg,8b7 94
873,826,187 12 Inc. 1.484,710 88
T otal n et d e b t.................
985,688,082 45
938.935.418 27
Dec. 8,247,385 88
* Inclu ding$150,000.000reserve fund.
T he fo re g o in g figu res sh ow a g ro ss d e b t on M ay 31, 1908>
o f $1,310,856,930 39 and a n et d e b t (gross d e b t less n et cash
in th e T re a su ry ) of $935,688,032 45,
T r e a s u r y C ash an d D em and L ia b il it ie s .— T h e cash hold"
lugs o f the G ov ern m en t as th e item s sto o d May 31 w e have
prepared fro m the T reasury statem ent o f th at date.
ASSETS.
T r u s t F u n d H o ld in g s—
Gold coin.............................$411,199,869
Silver dollars.................... 462,650,000
Silver dollars of 1890 ....
1,549,783
Silver bullion o f 1 8 9 0 ... 18,463,267
Total trust fund s....... $893,762,669
L IA B IL IT IE S .
T r u s t F u n d L ia b i l i t i e s —
00 Gold certificates...............$411,199,869 00
00 Silver certificates............ 462,550,000 00
00 1Treasury notes of 1890.. 20,018,000 00
00
Total trust liabilities..$093,7 62.869 00
oc
G e n era l F u n d H o ld in g s—
Gen. Fund Liabilities—
Gold coin and bullion... $76,208,246 40 National bank 6 per cent
Gold certificates.............. 29,945.380 00
fu n d .................................. $14,894,60113
Silver certificates...........
6,983,269 00
Silver dollars..................... 16,908,884 00 Outstanding checks and
drafts.................................
9,090,246 65
Sliver bullion.....................
1,088,024 79
United States notes.......
6,671,478 00 Disbursing officers’ bal
ances................................. 55,981,794 45
Treasury notes of 1890..
146,258 00
National b a n k n o te s .... 11,349,2-7 08 Post Office Department
account............................
7,204,78161
Fractional silver c o in ...
9,638,260 69
Fractional cu rren cy...
201 69 Miscellaneous Items.. ■■
1,266,843 40
Minor coin.........................
619,764 39
Total gen. liabilities.. $88,418,172 16
Bonds and Interest paid
68,427 74
T o t .in S ub -T rea su rle3.tl6 9 ,163,463 53
In Nat. Bank Depositaries—
Credit Treasurer of U. S.$142,982,738 19
Credit U. S. dlsb.offlcers
7,594.408 25
C ash B a la n c e <t R e s e r v e T o ta l In b an ks..........
$160,567,140 4* T o t a l cash and reserve. .$375,168,897 94
In Treas of Philippine
Made up o f—
Islands-Credit U. S.
Available $226,103,897 94
3,876,4f0 12
disbursing officers......
and
Reserve Fund
R ese rv e F u n d H o ld in g s—
Gold coin and bullion.. .$150,000,000 do Gold & bull.$l60,000,000_00_____________
Grand total................. $1,357,349,989 09
Grand total................. $1,357,349,939 t9
J une 13, 1903.]
THE CHRONICLE
plauctavyiCCommcvdiil^ngUsli^Xcxui?
IProm oar own correspondent. J
L ondon, Saturday, May 30, 1903.
There has been exceedingly little business doing this week
upon the Stock Exchange, firstly, because the liquidation in
New York has uiaae people cautious how they engage in new
risks, and, secondly, because great numbers o f operators
have bean away from the city. From Tuesday m orning
until last evening the Epsom races have been going on, and as
the weather has been very fine, large numbers o f persons
have attended the races. Furthermore, the fortnightly set.
tlement on the Stock Exchange has been in progress and has
taken up a good deal of time, and lastly, the Stock E xchange
is closed to day, while Monday w ill b9 a bank holiday. A lto
gether, therefore, there has been a good deal o f holiday,
making and very little business during the week.
The loan o f 5]£ millions sterling for the Brazilian G overn
ment, secured upon the Port o f R io, has been a marked suc
cess, the applications am ounting to about 20 m illions sterling,
although a firm protested against the issue, putting forw ard
a claim to having a lien upon the Port o f R io. The protest
was w ithdrawn and the firm acknowledged that it had received satisfaction from the Brazilian Government. But the
incident naturally created a bad impression. It looked odd
that the Brazilian G overnm ent employed the Messrs. R oth
schild to bring out a loan for them when such a claim
existed, and the agents o f the Messrs. Rothschild did not
altogether escape blame, as it was thought they ought to
have known of the existence o f the claim . H ow ever, the
matter has been satisfactorily settled now and the loan has
been very successful.
On Thursday m orning, furtherm ore, Messrs, Speyer Bros.,
in con ju n ction w ith Messrs. Speyer & Co. o f New Y ork,
announced that they had sold a controlling interest in the
Mexican National Railroad Company. The matter was re
garded as o f great im portance for Mexican railways in gen
eral, and the City was very favorably impressed by the skill
w ith which the m atter has been carried through. Finally,
it has been announced here that the underwritiug o f the
Pennsylvania Railroad Company’s new issue o f 75 million
dollars stock has been a very great success, there being a
marked eagerness in Europe to jo in in the underwriting. It
could have been underw ritten, w e are assured, tw o or three
times over if requisite.
In spite, then, o f the slackness upon the Stock Exchange
and the complaints o f brokers, every day is bringing fo r
ward new evidence that the public is at last recovering
from its unwillingness to engage in new enterprises. O bvi
ously, there is plenty of money wherever a stock is offered
that takes the fancy of the public, and clearly, also, there is
m uch m ore disposition than there was to erigage in new
enterprise. The general impression amongst the best-informed
in the city now is that the liquidation in N ew Y ork will not
last very long, that it has com e at a favorable time, that it
has caused securities to be transferred on a vast scale from
com paratively weak to very strong people, that it has put
the market in a sound position, and that therefore people
may look forw ard to the autumn w ithout apprehension.
Here there is no doubt that the general condition in the
United States is sound, and therefore preparations are being
made for better business before long. That a liquidation in
New Y ork was inevitable has been held fo r some time. Tne
only doubt was weather it would be allowed to com e on in a
natural way or w ould be fought against so long until some
thing untoward m ight happen. As it has com e on naturally,
now people begin to breathe freely once more, and the ex
pectation is general that business w ill im prove very soon.
During the week there has b9en very large buying of
American shares, both for this country and for Germany and
Holland. French capitalists have not bought shares but
they have bought bonds on a very considerable scale, and if
there should be a further fall in b o n is, especially if the best
classes of bonds should decline in price, the opinion o f the
best-informed in Paris is that French buying w ould be on an
unexampled scale. F or some reason or other the French
have never looked with favor upon American railroad shares,
but for good bonds they are keenly eager. In Paris there is
little doing this week. The disinclination to engage in en
terprise at home grows stronger and stronger.
But the
French banks have been adding to the balances they are
employing in London, and French investors have been buy
ing American railroad bonds, as already said, upon a large
scale. They have, likewise, been buying consols, Transvaal
loan scrip and similar things. In Germ any markets have
been dull, partly under the influence o f the fall in prices in
New York and partly because o f the decline in prices o f coal,
iron and bank shares.
1281
Money continues in strong demand. The Bank o f England
though it last week put down its rate o f discount to
per
cent, is still charging 4 per cent for loans, and it is justified
in doing so because the outside market is still unable to pay
off com pletely the debt due by it to the Bank. There is an
exceptionally large am ount o f unplaced stock being carried
on borrowed money in London at present. F or fu lly a year
there has been a large am ouot of c msolsoarried on borrowed
money. Consols were bought just before the conclusion of
peace, when everybody hoped that we were about to witness
a great Increase o f activity upon the Stock Exchange. The
hope was disappointed, and ever since the purchasers o f con
sols have been carrying stock on borrowed money. G radu
ally. o f course, the amount so carried has been reduced, as
investors, both home and Continental, have been steadily
buying. But still the amount is large. Then, again, the
blunder made in allotting the Transvaal loan has left a very
large part o f that loan unplaced, and this likewise has to be
carried on borrow ed money.
Thirdly, the large purchases o f A m erican securities last
week and this week, both for Britisa and Continental account,
have to a considerable extent likewise to be carried on bor
rowed money. The demand for loans is therefore likely to
be large for a considerable time, for nobody can hope that all
these stocks will be placed very quickly. On the other hand,
the process o f liquidation is reassuring the banking world all
over Europe. Already a m uch more cheerful view o f the
situation is taken, and the impression is gaining ground that
bankers will be prepared henceforth to give much more
accomm odation than they have recently been doing. Especi
ally it is believed that the great French banks will increase
the balances they are em ploying in London. They have
done so to a considerable extent this week, and they are
likely to go on doing so. Then, French investors are buying
here largely, as already said, and that o f course is adding to
the supplies in the London market.
In Germany, it is true, money has suddenly becom e scarce
and dear. Partly this is caused by the very large amounts
o l money that the German banks are em ploying in the
United States, and partly it is the result o f exaggerated ap
plications for the recent Imperial German loan. The loan,
it will be recollected, was covered tw enty to thirty times
over, and while the investor proper got only about 2 or 3 per
cent o f the amounts applied for, banks and great capitalists
got immense quantities, m uch m ore than they had antici
pated, and all that vast amount o f stock has now to be ca r
ried on borrowed money. Still, it is not thought probable
that German money employed in London will b9 m aterially
reduced. The general impression, indeed, is that while the
Bank o f England is not likely to lower its rate o f discount
further, money in the open market w ill becom e more plenti
ful and somewhat cheaper.
The India Council continues to sell its drafts well. It o f
fered for thender on W ednesday 50 lacs and the applications
exceeded 1,836 lacs at prices ranging from Is. 3 31-32d. to
Is. 4 l-32d. per rupee. Applicants for bills at. Is. 3 31-32d.
were allotted about 2 per cent o f the amounts applied for.
A t higher quotations they were allotted in full. Later in
the day the Counoil sold a little over 3 lacs o f bills by special
contract at Is. 4d. per rupee.
Che follow in g return shows the position o f the B ank of
England, the Bank rate o f discount, th e p rio e o f oonsols, &c.
compared w ith the last three years :
1903.
1902.
M a y 27.
M a y 33.
X
1901.
1900.
M a y 29.
X
J
M a y 30.
I X
iro&latlon........................................ 89,178,670 29,158,ICO 29,661,455
39,484,870
Public deposits............................... 8,694,891
9,836.181
8,640,124
7,491,810
ether d ep oiltl................................ 40,264,292 42,619.004 39.7t.ri,803 40,707,229
14,163,168
14,619,878
JoTarnment securities................. 14.799,631 14,891503
nther securities,_ ......................... 27,047,e03
30.9-i0.5c0
27,701.710
80,169.888
24.561,414
24,292,931
21,444,686
leserre Of notes and OOln......... 24,843.058
Join Abuillon.both departin't». 86,849.626 35.944.814
86,069,383 33,163,966
Prop.reserve, o liabilities.p.o.
50*
46 11-16
60*
4444
Bank rate.................... per oent..
3*
3
4
3*
Jonsols,2 * p ercent.....................
91*
26*
9S *
102
Hirer.................................................. 2 i* d .
2 8 13-ldd.
37 7-16J.
87 9-10d.
’ aarlng-llousa returns............. 169.2b4.000 202,015,000 137,999,000 139,367,000
The rates fo r m on ey h ave b een as fo llo w s :
Interest allowed
O ven M a rk et R a t e t .
u n io n .
-*
Bank
=8 8 M o n t h s.
3 3-16
May 1 4
•• 8 1
8*@3*
*' 15 4 8*08 7-16
"
22 3W 3 5-16019*
- 29 3* S5-16@8*
4 M o n th * .
8 7-16
3*®3*
3*®3 7-16
3 6-1603*
3 6-16@3*
f o r d e v o e its by
6 M o n th * . 3 M o * .
J o in t JOH’ t H 'l.
S to c k A t 17-li
4 M o * . B anks Call D a y *
3*
3*
3*@3* 3*@4
3*@3 7-16 3*
3 6-10@3* 3*
3 5 16®3* 3*
3*
3*@1
8*
3*
304
T ra d e B ill* ,
B ills .
3
3
3
8*
2*
2*
3*
2*
2
2
3M
SM
3*
3*
3*
The B ank rate o f d iscou n t an d open m a rk e t ra te s a t the
-.hief C o n tin e n ta l o itie s h ave b een as fo llo w s :
Rate* of
I n te r e s t a t
Paris...............
Berlin..............
Hamburg........
Frankfort........
vmsterdam.....
Brussels..........
H e n n a .................
St. Petersburg..
Madrid............
C o o e n h a g e n . ..
M ay
Bank
R a te.
3
3*
3*
3*
3*
3
3*
4*
4
4*
29
Open
M ay
M a rk et
Bank
R a te .
a*
3*
3*
3*
3*
2H
8*
con.
3
4
3
3*
3*
8*
3*
3
3*
4*
4
4
22.
Open
M a rk et
11-16
3
3i
3
3*
2*
3
nom.
3
4
2
M ay
Bank
R a te.
3
3*
3*
3*
3*
S
3*
4*
4
4
16.
M ay
8.
Open
Bank
Open
M a rk *
R a te.
M a rk et
211-16
8
3
3
3*
2*
3
nom.
3
4
3
3*
3*
3*
f*
8
3*
*H
4
4
3*
3
S
3
3*
2*
2*
nom.
3
4
THE CHRONICLE.
12 82
Messrs, Pixley & Abell write as follows under date of
May 28:
G old—A lthough th ere h a v e been reports o f lik e ly C ontinental ord ers,
n o business has as y e t resu lted and the B an k con tin u es to re ce iv e all
arrivals. D uring the p a st w eek £ 5 4 2 ,0 0 0 has b een bou gh t b y the
B ank, o f -which £ 4 4 3 ,0 0 0 Is In b a r s ; £ 2 0 ,0 0 0 has been w ith d ra w n fo r
South A m erica. A r r iv a ls : South A frica , £ 1 8 7 ,0 0 0 ; A u stra lia , £ 87,000; W est A frica, £ 1 7 ,0 0 0 —tota l, £ 2 9 1 ,0 0 0 . S h ip m en ts: B om b a y,
£ 5 7 ,0 0 0 ; Caloutta, £ 1 6 ,0 0 0 —tota l. £ 7 2 ,0 0 0 .
Silver—The cou rse o f the m a rk et has gen era lly b een d ow n w ards. A
slight ra lly to 25d. w as fo llo w e d b y ren ew ed w eakness in th e In d ian
rates and falls o f 316d. h ave o ccu rre d o n three su ccessive d a y s. T he
sca rcity o f caph silv er has n o w co m e to an end, and w ith som e p r e s s
u re to sell, the m arket had no b u y er o f an y sort to w ith stan d the
am ounts offering. T he forw a rd d em an d has been co m p a ra tiv e ly b e t
ter, and as a resu lt the gap betw een oash and fo rw a rd has sh orten ed
to x4d. T he In d ian rate Is R s 62% . A r r iv a ls : New Y o rk , £ 1 1 4 .0 0 0 ;
A ustralia, £ 5 ,0 0 0 ; Chile, £ 2 ,0 0 0 —to ta l, £ 1 2 1 ,0 0 0 . S h ip m en ts: B o m
b a y , £ 1 6 4 ,1 0 0 ; C aloutta. £80 ,0 0 0 - t o t a l , £ 1 9 4 ,1 0 0 .
M exican D ollars—A fa ir business has taken p la oe in these co in at
2 3 7gd., bu t w ith th e fa ll in silver th ey h a v e also g iv e n w a y , and th e
closin g p rice is 239,6<1.
The quotations for bullion are reported as follows:
GOLD.
May
L on d on Standard.
28.
B a r g o l d , f i n e ___ o z .
(J. S . g o l d o o l n . . . o z .
Q e rm ’ n g o ld o o ln .o z .
F r e n o h g o ld o o ln .o z .
Ja p an ese y e n ....o z
«.
77
76
76
76
76
Sil v e r .
May
21.
d.
s.
9%
4
5% *
5*
4*
77
76
76
76
76
♦ N o m in a l.
May
Lon d on S tandard.
21.
d
d.
d.
9% B a r s i l v e r , fin e ... o z .
4
D o 2 m o . d e liv e r y
5% * B a r s i l v e r , o o n t a l n ’ g
5*
d o 5 g r s . g o ld .o z .
4*
d o 4 g r s . g o ld .o z .
d o 3 g r s . g o ld .o z .
O a k e s i l v e r ............ o z .
M e x lo a n d o l l a r s . . o z .
May
28.
2 4 7 ,* 251,6
2 4 3 le 2 4 » 16
2 4 1 5 ,*
24%
2 4 9 ,*
26%
23«16
259, „
25%
2 6 3 ,*
27
24*
The following shows the imports of oerealproduoeintothe
United Kingdom during the thirty-eight weeks of the season
compared with previous seasons:
IMPORTS.
1 9 0 2 -0 3 .
1 9 0 1 -0 2 .
1 9 0 0 -0 1 .
I m p ’ t c o f w h e a t , o w t . 5 8 , 0 9 9 ,2 2 3 4 8 ,9 3 3 ,2 6 8 5 0 , 4 1 2 ,7 0 0
B a r l e y ................... ........... 2 1 ,0 6 3 ,5 3 0
1 8 ,4 9 5 ,2 6 4 1 6 , 3 4 4 ,6 0 o
O a t s ................................... 1 0 ,8 5 4 ,7 1 4
1 2 ,7 5 5 ,8 9 4 1 5 ,6 5 6 ,9 0 0
P e a s ..................................... 1 ,4 7 8 ,9 9 1
1 , 5 4 5 ,1 8 6
1 ,9 1 3 ,2 3 0
B e a n s .................................. 1 , 2 4 6 ,8 1 6
1 .3 6 5 ,5 1 5
1 ,2 5 3 ,5 4 0
3 3 , 0 7 3 ,0 7 4 3 9 , 5 1 7 ,5 0 0
I n d i a n c o r n ................... 2 9 , 0 4 2 ,9 3 7
F l o u r ...................................1 4 ,1 9 2 ,4 3 6
1 4 ,8 8 6 ,9 4 2 1 6 , 7 1 3 ,0 0 0
1 8 9 9 -0 0
4 2 , 9 9 1 ,9 0 0
1 2 ,5 1 1 ,5 0 0
1 8 ,2 4 8 ,4 0 0
2 ,0 9 1 ,9 0 0
1 ,3 4 1 ,7 0 0
4 2 ,0 5 9 ,1 0 0
1 5 ,4 7 6 ,0 0 0
Supplies available for oonsumption (exclusive of stocks
on September 1):
1 9 0 2 -0 3 .
W h e a t l m p o r t e d , O w t . 5 8 , 0 9 9 ,2 2 3
I m p o r t s Of f l o u r ...........1 4 ,1 9 2 ,4 3 6
la le s o f h o m e - g r o w n .1 9 ,4 5 3 ,3 7 7
1 9 0 1 -0 2 .
1 9 0 0 -0 1
1 8 9 9 -0 0 .
4 8 ,9 3 3 ,2 6 8 5 0 , 4 4 2 ,7 0 0 4 2 ,9 9 1 ,9 0 0
1 4 ,8 8 6 ,9 4 2 1 6 ,7 1 3 ,0 0 0 1 5 ,4 7 6 ,0 0 0
2 0 ,5 7 7 ,9 5 2 1 9 ,6 8 2 ,8 4 1 2 5 ,4 8 1 ,8 7 5
T o t a l ..................... ... 9 1 ,7 4 5 ,0 3 6 8 4 ,5 9 8 ,1 6 2
A v e r . p r l o e w h e a t , w e e k . 2 7 8 . lO d .
3 ls .
d.
A v e r a g e p r ic e , s e a s o n .2 5 s .
d
27s. 4d
6
8
8 6 ,7 3 8 ,5 4 1
27s. 7d.
2 7 s . O d.
8 3 ,9 4 9 ,7 7 5
2 5 s. 7d.
2 6 8 . Od.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
TMawecfc.
310 000
53-310>000
W h e a t . . ...............q r s . i
F lo u r , e q u a l to q r s .
t fa ls e ... . . . . . . ..o r e ...
5 9 0 ,0 0 0
C aitw eeK .
5 1 ,9 0 8 ,0 0 0
(
2 9 7 ,0 0 0
5 4 5 ,0 0 0
1902.
8 ,9 8 5 .0 0 0
2 3 5 .0 0 0
7 9 0 .0 0 0
1901.
3 ,0 8 0 ,0 0 0
3 2 0 .0 0 0
7 9 0 .0 0 0
[V o l .
LXXYI.
(&ommzxtml and 1\Xiacc11ancons lit
D I V I D E N D S .
Nam* o j Com pany.
Per
When
Cent Payable
S o ok* CUoat ii
(D a y s JnoluHve.j
Railroad* (Steam).
Allegheny & Western......................... 3 J’ly 1 Holders of rec. J’ne 22
Burl. Cedar Rap. & Northern............. 3 J’ly 1
to
Chic. Indianapolis & Lonisv., com.....
1% J’ne 27 J’ne 18 to J’ne 28
do
do
do
pref...... 2 J’ne 27 J’ne 18 to J’ne 28
East Mahanoy................................... $1 25 J’ne 15
Manhattan (quar.).............................. 1% J’ly 1 J’ne 13 to J’ne 23
Minneapolis <fo St Louis, com. & pref.. 2*5 J’ly 15|J’ly 1 to J’ly 15
New York <fc Harlem.......................... b J’ly 1 Holders of rec. J’ne 15
Northern Central............................... 4 J’ly 15 Holders of rec. J ne30
Phlla. Balt. & Wash........................... 2 J’ne 30 Holders of rec. J’ne 10
3 J’ly
1 J’ne 12 tot
Southwestern of Georgia................... 2% J’ly 8 J’ne 17 to J’ly 5
Street Railway*.
Manchester (N. H ) Tr. L. <fe P............. 3 J’ly 16 Holders of reo. J’ne 30
Rochester (N.Y.) Ry., pref. (qnar.).__ 1% J’ly 1 Holders of reo. J’ne 20
Toronto Ry (qnar.)............................ 1*4 J’iy 2 Holders of rec. J’ne 18
Twin City R. T,, Mlnneap., pref. (qu.). 1% J’ly 1 J’ne 21 to J’ly 1
United Tr. & Eleo., Providence (qu.).. 1% J’ly 1 J’ne 17 to J’ly 1
United Rye. Inv., San Franolsco, pf... 1% J’ly 3 J’ne 21 to J’ly 2
Washington Water Pow., Spokane (q.) I'll J’ly 1 Holders of reo. J’ne 20
Banks.
to J’ne 30
Fifth Avenue (qnar.).......................... 25 J’ly 1 J’ne 24
Fifth Avenue (special)....................... 100 J’ly 1 J’ne 24 to J’ne 30
Nat. Bank of North Amerioa............. 4 J’ly 1 J’ne 26 to
Trust Companies.
Central Realty Banking <fc Trust....... 6 J’ly 1 J’ne 21 to J’ly 1
do
do
do
(extra)... 4 J’ly 1 J’ne 21 to J’ly 1
Colonial.............................................. 5 J’ly 1 Holders of reo. J’ne 20
Equitable........................................... 4 J’ne 30 J’ne 24 to J’ne 29
Knickerbocker................................... 10 J’ly 1 J’ne 20 to J’ly 1
do
(extra).......................... 7 J’ly 1 J’ne 20 to J’ly 1
Metropolitan...................................... 8 J’ne 26 J’ne 21 to J’ne 20
Williamsburg, Brooklyn (qnar.)......... 2 J’ly 1 Holders of rec. J’ne 20
SlUcellaneeM.
American Beet Sugar, pref. (qnar.)__ 1% J’ly 1 Holders of reo. J’ne 17
Canton Company................ ...... ......... $1 J’ly 1
Obioago Telephone (quar.).............. .
2 Lj J’ne 30 J’ne 20 to J’ne 30
Crucible Steel, pref. (qnar.)................ 1% J’ne 29 J’ne 18 to J’ne 29
Cumberland Telep. & Teleg. (quar.)... 1% J’ly 1 J’ne 10 to
Hall Signal, com. (quar.).................... 1% J’ly 1 J’ne 24 to J’ly 1
International Steam Pump, com. (qu.). 1 J’ly 1 J’ne 20 to J’ly 1
do
do do pref. (qu.). 1% Aug 1 Holders of rec. Aug 1
Mergenthaler Linotype (quar.)........... 2% J’ne 30 J’ne 14 to J’ne 30
National Sugar Rfg., pref. (quar.)....... IS J’ly 2 J’ne 19 to J’ly 2
N. Y. <fc East River Ferry (quar.)....... 1% J’ne 15 J’ne 2 to J’ne 15
Otis Elevator, pref. (quar.)................ 1% J’ly 15 Holders of reo. J’ne 30
P. Lorillard, pref. (quar.)....................
2 J’ly 1 J’ne 21 to J’ne 30
Railway Equip. Oorp. (monthly)........ 1% J’ne 16
Republic Iron"* Steel, pref. (quar.)... 1% J’ly 1 J’ne 10 to J’ne 30
Royal Baking Powder, pref. (quar.)__ 1% J’ne 30 Solders of reo. J’ne 15
Safety Car Heat & Ltg. (quar.)........... 2 J’ly 1 J’ne 14 to J’ne 30
do
do
do
(extra)........... 1 J’ly 1 J’ne 14 to J’ne 30
Securities Co...................................... 2% J’ly 15 Holders of rec. J’ne 30
Sloss-Sbeffleld Steel & I., pref. (quar.). 1% J’ly 1 J’ne 21 to J’ly 1
Standard Coupler, pref....................... 4 J’ne 30 J’ne 21 to J’ne 30
Sweetser, Pembrook <fe Co., pref........ 3 J’ly 1 J’ne 21 to J’ly 1
Texas & Pacific Coal (qnar.)............... 1% J’ne 30 J’ne 21 to J’ne 29
Torrlngton Co., pref........................... 3% J’ly 1 J’ne 17 to J’ne 30
Union Bag <fc Paper, pref. (qnar.)....... 1% J’ly 1 J’ne 16 to J’ly 1
Union Ferry (quar.)............................
% J’ly 1 J’ne 20 to J’ly 1
United Gas Impt. (quar.)................... 2 J’ly 16 Holders of rec. J’ne 30
U. 8. Realty <te"Const., pref. (quar.)__ IS J’ly 1 J’ne 21 to J’ly 1
Va.*Carollna Chemical, pref. (quar.)... 2 J’ly 15 J’ly 2 to
J’ly 22
Western Union Teleg. (quar.).............. 1% J’iy 16 J’ne 21 to J’ne80
N a t i o n a l B a n k s . — The follow ing inform ation regarding
national banks is from the Treasury Department.
NATIONAL BANKS ORGANIZED.
Certificates Issued May 26 to June 5, 1903.
B n g llik F inancial M arkets—Par Cable.
6 .7 9 9 —
The daily olosing quotations forseourities,etc.,at London
are reported by oable as follows for the week ending June 12:
6 .8 0 0 —
lordow
.
S l iv e r , p e r o u n c e ......... d.
C o n s o l s ., n e w , % p . o t e
F o r a c c o u n t ...................
# r ’ a h r e n t e s d n P a r i s ) f r.
A n a c o n d a M i n i n g ___ _
A t o h . T o p . dt S a n t a F e ..
P r e f e r r e d ........ ....... ........
B a lt i m o r e & O h i o ..........
P r e f e r r e d ...............
C a n a d ia n P a o i f l c ............
C h esa p ea k e & O h io ....
O h lc a . G r o a t W e s t e r n . .
O h io . M il. & S t. P a u l . . .
D en . & B lo G r .,c o m ....
Do
d o P r e fe rr e d
B r i e , c o m m o n ___ _____
s t p r e f e r r e d ...........
d p r e f e r r e d ........... ..
I l l i n o i s C e n t r a l ................
L o u i s v i l l e & N a s h v i lle .
M e x i c a n C e n t r a l ............
M o. K a n . & T e x .,c o m .
P r e f e r r e d . . . . . . .......... ..
N a tio n a l R R . o f M e x ...
P r e f e r r e d .........................
W. Y . C e n t ’ l * H u d s o n ..
V . Y . O n t a r io * W e s t ’ u
N o r f o l k & W e s t e r n ------Do
do
pref
N o r th e rn S e c u r it ie s ....
P e n n s y l v a n i a ...................
* P h ila . & R e a d ...............
• P h lla . & R e a d , ,1 s t p r e f.
• P h lla .* R e a d .,2 d p r e f
S o u t h e r n P a c i f i c .......... .
S o u th ’ n R a ilw a y , c o m ,.
P r e f e r r e d ........ .................
U n io n P a c i f i c . . . . . . . . . .
P r e f e r r e d .........................
U . . S t e e l C o r p ., c o m . .
Do
do
p r e f.
W a b a s h ......................... ..
Do
p r e f e r r e d ...........
Do
D e b . “ B ” ...........
2
1
2
8
* P r ic e p e r sh are.
Sat.
24%
9 1 7 ,6
91%
9 8 -3 0
4%
73
96%
%
92%
125%
40
%
153%
30%
88
20
86
34%
69
57
138
115
24%
23%
52%
23%
45
128%
26%
%
92
94
68
637 q
24%
4 3%
33%
51%
26
91
83%
90%
32%
83 7*
25%
45%
77
M om .
Tuu.
24%
9 1 3 ,6
91%
9 8 -3 5
4%
69’a
95%
%
92%
123%
89%
%
152%
30
%
33%
24%
9 1 1 ,6
91%
9 8 -4 5
4%
%
95
%
93
123%
38%
19%
153%
28%
%
32%
67%
56
137
113%
23
l
51%
%
43%
128%
24%
%
91
92%
63%
28
41%
32
50%
24
SO
81%
80
31%
61%
25
44
76
88
20
86
68
56%
138
114%
24%
%
51%
23%
44
128
25%
67
91
93
63%
23%
42
32%
60%
25
91
81%
90%
32%
83
25
45
77
22
68
86
86
m d.
2 4 3 jg
24%
9 0 i i 16 9 1
9 1 3 ,6
9 0 7g
9 8 4 7 % 9 8 -3 5
4%
4%
%
%
94%
96%
82%
84
92%
94%
123%
37%
37%
19%
18%
152
153%
27%
26%
85%
85%
30%
31%
65%
%
56
56
135%
134%
%
%
19%
%
60
50
%
41%
41%
128
128%
23%
23%
62
63%
91
90
63%
64
%
41%
41%
31%
31%
48%
49%
%
23%
89%
89
79%
81%
90
89%
3 0 78
30%
81%
82%
66
68
122
66
110
22
2 78
22
21
66
Thurt
110
22
21
22
80
22
22
22
22
42
75
22
43
74
tm.
6.8 0 1 —
6.802—
24%
91 -he
9 16,6
6.803—
9 8 -3 2 *
4*
703s
6.8 0 4 —
97
87
93 4
126%
39
19%
156
29%
6 .8 0 5 —
86
6.8 0 8 —
6.8 0 6 —
6.807—
33%
68%
6.8 0 9 —
57%
137%
113
22%
22%
6 .8 1 0 —
51
6.8 1 1 —
44%
131
6 .8 1 2 —
25%
66
6 .8 1 3 —
22%
91
91%
64%
23%
42
32%
51%
25%
91%
83%
91
31%
83
24
44%
75%
6 .8 1 4 —
6 .8 1 5 —
6.8 1 6 —
6.817—
6 .8 1 8 —
6 .819 —
6 .8 2 0 —
T he F irst N ational Bank o f Shingle H ou se, P ennsylvania. C ap
ital. $25,000. L evi C. K lnner, P resident; G eo. B. Scott,
Cashier.
T he F a yette Oity N ation al B an k , F ayette C ity, P en n sylvan ia.
C apital, $ 75,000. A n d rew B row n , P resident; J. A u d ley
C lsok Cashier
T he F irst N ational B ank o f M organ C ity, L ouisiana. C apital,
$25,000. Thos. L. M orse, P resident; M. E. N orm an, Cashier.
A rca d ia N ational B ank o f N ew ark, N ew Y ork . C apital,
$50,000. Peter R . Sleight, P r e s id e n t ;------------------ , Cashier.
T he F irst N ational Bank o f A itk in , M innesota,
C apital,
$25,000. A. R . D ivideon, P residen t; Ben R . Hass man,
Cashier.
T he F irst N ational B ank o f S p ok ogee, In dian T erritory. C ap
ital. $25,000. J. P. B oyle. P r e s id e n t;------------------, Cashier.
T he G enoa N ational B ank, G enoa, N ebraska. C apital, $25,000. Louis G. Stocks, P resident; G ustave A . M ollln, C ashier.
T he In du strial N ation al B ank o f P ittsburgh , P ennsylvania.
Capital, $800,000. Joh n W. G arland, P r e s id e n t ;----------------- ,
Cashier.
The Landon N ational Bank o f San A n g elo, T exas. C apital,
$100,000. E dw ard R . Jaokson , P resid en t; E . V. Batem an,
Cashier.
The F irst N ational B ank o f P orterville, C alifornia. C apital,
$25,000. W. M entz, P re sid en t; —----------------------, Cashier.
The 8tate N ational B ank o f N orth T onaw an da. New Y o r k .
C apital. $200,000. T im oth y E. E llsw orth , P resid en t; H arry
W. C larke, Cashier. C onversion o f the State B ank o f T onawanda.
The First N ational Bank o f Sour L a te , T exas. C apital, $25,000. Geo. W. A rm stron g, P re s id e n t; O. H. B ow en, Cashier.
T he A m erican N ational B ank o f W ood stock . Illin ois. Capital,
$ 50 ,00 o. G eorge L. M urphy, P re s id e n t; W. O. E ioh elbeiger,
Cashier.
The W estern N ational Bank o f H ereford. T exas. C apital,
$50,000. G. A. F. Parker. P resid en t; F. B. F uller. Cashier.
'T he F irst N ational Bank o f B agley, M innesota. C apital, $25,000 A . D. Stephens, P resid en t; Sam O lson. Cashier.
The F irst N ational Bank o f E m ory. T exas. Capital, $25,000.
T. H. L eeves, P re sid e n t; S. K. M cC allon, Cashier.
T he Cairo N ational Bank, Cairo, Illin ois. C apital. $100,000.
E gbert A . 8m ith, P r e s id e n t; H enry S. Oandee, Cashier.
The F irst N ation al Bank o f L ovelan d , Ohio. Capital, $25,000
H a rvey H a w le r, P re sid e n t; J. C. W illiam s, Cashier.
The M ankato N ational Bank, M ankato, K ansas, C apital, $ 5 0 ,000. J. P. F air, P re sid e n t; N. M. F air, Cashier. C on version
o f the M ankato State Bank.
T he F irst National Bank o f B eem er, N ebraska. C apital, $25,000. G ottf. K arlen, P re sid e n t; Wm. A. Smith, C ashier. Con
version Farm ers’ State Bank o f Beem er.
The F irst N ation al B ank o f T oron to, K ansas. C apital. $25.OCO. Ed. C rebo, P re sid en t; R . Sam ple, V ice-P resid en t; J .
D . C annon. Cashier.
The F irst N ational B ank o f O n ton agon . M ichigan. C apital,
$25,000. Jam es M ercer, P resid en t; C. M ellleur, Cashier.
THE
J une 13, 1903.]
1283
CHRONICLE
Bank N otes—Changes in T otal of , and in D eposited
G overnment R evenue and E xpenditures .—Through the
Bonds, Eto.— We give below tables which show all the courtesy of the Secretary of the Treasury, we are enabled to
monthly changes in Bank Notes and in Bonds and Legal place before our readers to-day the details of Government
Tenders on Deposit. T h e sta tem en t fo r M a y 1902, toill be receipts and disbursements for the month of May.
found in the C hronicle o f J u n e 21, 1902. page 1290.____
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for
B on d s a n d
eleven months of the fiscal years 1902-03 and 1901-02. F o r
Legal T enders on Deposit
C ir cu la tio n A flo a t U nd er
statem ent o f M a y
1902, see Chronicle Jun e 21, 1902,
1902-03 fo r B a n k C ircu la tio n .
page 1*89.
L ega lL e g a l,
,
B on d s.
May 31..
Apr. 30..
Mar. 31..
Feb. 28..
Jan. 31..
Deo. 8 U
Nov. 29..
Oct 31..
Sept 30..
A uk- 31..
July 31..
June 30..
$
367,827,920
352,696,120
342,100,770
342,164,670
342,903,520
844,252,120
343,018,020
338.452,670
326,052,770
322,941,680
318,588,480
317,103,530
ten d ers.
$
42,850,218
43,587,373
44,109,444
44,138,484
43,385,607
42,801,940
43,754,103
44,693,145
43,150,454
41,875,104
42,369,417
42,433.280
B on d s.
ten d ers.
Total.
43,385,007 383,973,540
42,801,940 384,929,784
43,754,103 884,854,514
44,693,145 380.476,334
43,150,454 360,993,598
41,875,104 361,282,691
42,369,417 358,984,184
42,433,280 350.672.091
For full explanation of the above table see C h ro n ic le Dec.
340,587,939
342,127,844
341,100,411
335,783,189
323,843,144
319,407,587
310,014,767
314,238,811
14, 1901, page 1282, first item in Financial Situation.
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on May 31.___________
U. S . B on d s H eld M ay 31,1903, to S e c u r e —
B o n d s o n D ep osit
M ay 31, 1903.
5 p. otfl., 1894, due 1904
4 per ots., funded 1907..
4 p. ote., 1895, due 1925
3 p. ots.,’98, due 1908-18
2 p. ots., 1900 due 1930.
8 65s Diet. Col., 1924...
State & City....................
Philippine [Isl’d CertiPs
Total..........................
RECEIPTS AND DISBURSEMENTS (000 Knitted.)
n*C
t-Oo
u
ut
9
9
9
363,586,987 42,850.218 100,443,205 3g
of®30
347,564,355 43.587,373 391,151,728
Ot0ft
HOCO
338.349,814 44,169,444 382,519,258
a • ^
338.660,361 44,138,484 382,798,845
Public D eposits
in B an k s.
B ank
C ir c u la tio n .
$632,400
3,655,500
1,565,100
2,391,820
359,583,100
$3,978,450
5,324,700
9,919,750
7,265,020
104,815,650
1.671.000
17,477,900
2.525.000
#157.977.470
Total Held
$4,610,850
8,980,200
11,484,850
9,650,840
464,398,750
1.671.000
17,477,900
2.525.000
#367,827.920 #520.805.390
The foregoing does not include the bonds held in the
New York Sub-Treasury against deposits in banks. There
were so held on May 81 $10,704,000 bonds, making the whole
amount at that date in possession of the Government as
security for deposits $168,681,470.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposit May 1
and June 1, and their increase or decrease during the
month of May.
N a tio n a l B a n k N o te s—T otal a flo a t—
$391,151,728
Amount afloat May 1,1903...........................
Amount Issued during May .................... $18,198,010
15,291,477
2,906,533
Amount retired during May.........................
Amount bank notes afloat June 1,1903.
$406,443,205
*
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* Deducted from J u ly “ M iscellaneous” 19 0 1.....
Received on accou nt Central Pacific Indebtedness.
I
9433,895 98
L e g a l T en d er N o te s —
T r e a s u r y C u r r e n c y H o l d in g s . —The following compila
tion, based on official Government statements, indicates the
$1,086,410
currency holdings of the Treasury on the 1st of March,
1,817,565
731,155 April, May and June, 1903.
Statem ent fo r correspondin g
dates in 1902 will be fo u n d in C h ro n ic le o f June, 21, 1902,
Amount of deposit to redeem national
$42,856,218 p a g e 1290.
bank notes June 1 ,1 9 0 3 ......................I
T R E A S U R Y N ET H O LDING S.
The portion of legal tenders deposited (1) by banks becom
ing insolvent, (2) by banks going into voluntary liquidation,
AfcA1.190B Jpr.l, 1903 Afo0.1v19CSJrniel.1903
and (3) by banks reducing or retiring their circulation,
B o ld in a s i n S u b - T r e a s u r i e s $
$
$
$
was as follows on the first of each of the last five months.
N e tg o ld coin and bu llion ........... 25P.0Sl.782 3’0,815,8O4 202,539,00' 250,203.020
N et stiver coin and b u llio n ......... 19.30H.285 10,092,002 21,631/0? 24,660,178
J u n e 1.
A p r il 1.
M ay. 1.
M ch. 1.
Xrcpal Tcndfs.
Feb. 1.
106,901
N e tU . 8. T reasu ry n otes..............
80,828
124.200
140,858
4,288.223 2,400.334 4,007,70? 0.671,478
N et leg al-ten d er n o te s .................
10,011,280
$
9,845,600
9,733,404
$
D ep osits by—
N
et
n
ation
al
bank
n
o
te
s
..............
$
$
11.352,287
$
8,024,73© 8v600,e78 8,831.987 9,030,261
721,088
701,938 S e t fr a c tio n a l s ilv e r .............. ..
715,428
786,548
840,798
Inflolv’ntbks.
11,955,093
11,920,693
11,871.116
12,135,079
11,449,330
Liqnld’g bks.
Cash In S u b -T reasu ries............ . 307.P89.2ie 314,229.045 807.431.147 303,475,078
Red’o’gund.^
Cash in n atio n al b a n k s ............ 150,562,051 150,150.489 150,389.772 150,567,140
30,938,992
30,199,182
31,582,906
31,216,857
31,095,479
a o to l1874.
8.688.431 8,370.400
Cash In Philippine Islands.........
168,541.80?
44,169.444
401.459.350
44,138,484
43.587.373
404,379,534
42,856,218
C
a
s
h
In
banks,
su
b
-trea
s.
etc..
43,385,607
402,909,684
Total......
D e d u c t cu rren t lia b ilitie s .♦ .... 83.998,3*7 91,457,546 88,183,103 07,739,780
*Aot ol June 20, 1874,. and July 12. 1882.
372,921,980 373,320.137 376,108,898
Stock of Money in Country.—The following table 9 old reserve fu n d ........................ 374.543,470
150,000.000 L6O.0OO.G00 150,000,000 150,000,000
shows the general stock of money in the country, as well as
A v a ila b le cash b a la n ce ......... 224,543.470 222.9^1.989 223,320,187 226.103.898
the holdings by the Treasury, and the amount in circulation
• “ Chiefly disbursing officers’ balances.”
on the dates given. The sta tem en t fo r M a y 1, 1903, will be
fou n d in the Chronicle o f M a y 9, 1903, page 1011; fo r
that o f June 1, 1902, see Jun e 21, 1902, p a ge 1289.
Auction Sales—By Messrs. Adrian H. Muller & Son :
Amount of deposit to redeem national bank
notes May 1, 1903......................................
Amount deposited daring May....................
Amt. of bank notes redeemed in May..........
$43,587,373
^ S t o c k o r M o n ey J u n e l.->
190s.
r -M o n ey i n C ircu la tio n .—
I n ttie U n ited +H eld in
J u n ei,
J u n e 1,
S ta tes.
I tea su ry .
1903.
1903.
Stocks
9 First Nat. Bank of N. Y.676
100 Nat. Bk. of Commerce ..330
150 Amer. Exoh. Nat’l Bk .248
$
1
1
$
Gold coin (inc.bul’nln Treas.)l,201,445,124 250,208,620 623.092/09 631,891,027 75 Nassau Bank of N. Y __ 186
♦ Gold certificates.............................................................
381.2d4.4-i9 306.142,^69
60 Merchants’ Nat’l Bank^lTS1*
Standard silver dollars......... 653,870,093 22,872,153
73,417.2.19
68,876.704
10 Home Life Ins C o ........ 425
♦ Silver certificates.................
— ....
...........
460,6^0,731 447,949.410
64 Metropolitan Nat. Bank)
Subsidiary silver.................... 101.503,440
9,08* .251
91.867,189
82,088,806
(In liquidation).............. >
Treasury notes of 1890.........
20,013.000
140,268
19,806,742
81,142.077
9 Nicholas Bank.............. . )
United 8tates n o te s .............. 840,081,010
6,671,478
310,109.638 888,144.787
♦ Curr’cy cert.. A c t Ju n e 8 /72
...........
...........
...........
...........
160 Tombstone Consolid’dl
National bank n o tes.............. 400,443,206 11,353,287
395.090,918 347,080.020
Mines of Arizona........
$1,600 Tomb. Con. Mines of
T o ta l.................................. 2,088.901.878 800,787,063 2,382,174.825 2,264,415,975
Aiiz. 6 ^ special oon- I
Population o f th e U nited States June 1,1908, estim ated a t 80,372,000; circu
tract bonds................. J
lation per capita, $29 04.
7 8econd Nat’l Bank of
Jersey City................... 130
* For redemption o f outstanding certificates an exa ct equivalent In amount
of the appropriate kinds o f money Is held in th e Treasury, and is not Included
In th e account of money held as assets o f th e Governm ent.
t This statem ent o f money held In th e Treasury as assets o f th e G overn
ment does not Include deposits of public money In national bank deposi
taries to the credit o f the Treasurer o f th e U nited States, and am ounting to
•$142,902,738 19.
Stocks.
400 Poland Min. Co. of A rlz.)
$4,000 do
do 7 p. o. >89^
speolal oontract bonds)
25 Eqaltable Trust Co.......750
500 Peacock Copper Co.......$24
2,500 United Gold
Platl-I
num Mines Co., com . : $100
100 Unit. Gold & Platinum j lot.
Mines Co., preferred.. J
25 First Nat. Bk. of Boston.228
25 Plume & Atwood Mfg.Co.115
B on d s.
$1,000 Develop. Oo.of Amer.
oollat. trust 6s, 1918, J<feJ. 99^
$220 Atlantic Mutual Ins.
Oo. sorlp of 1903................104^
By Messrs. Richard V. Harnett & Co.:
S to c k s .
100 Duerr Contracting Co. preferred.................
50 Duerr Contracting Co. common...................
|$150
THE CHRONICLE
1284
New York City C learing House H anks.—Statem ent of
condition for the week ending June 6, 1903, based on aver
age of daily results. We o m it tw o c ip h e r s ( 0 0 ) in a l l cases.
BANKS.
S u rp lu s.
C a p ita l.
$
Bk. of N . Y .
M an h at. Co.
M e rch a n ts’
M e ch a n ics ’ .
A m e r ic a ___
P h o e n ix . . .
C i t y .............
C h em ica l ..
M e rch . E x .
G a lla t in ___
B u t. 6c D ro v
M e ch .& T ra .
G r e e n w ic h .
L e a th .M frs .
A m e r .E x c h .
C o m m e rce ..
M e r c a n t ile .
P a c itic ..........
C h a th a m .. .
P e o p le ’ s . . .
N . A m e rica
H anover ...
I r v i n g ........
C itiz e n s ’ . .
N a ss a u ___
Mar.tfe F u lt.
S h oe & L th r.
C orn E x c h .
O rien ta l . . .
Im p . & T rad
P a rk ...........
E a st R iv e r
F o u rth ___
C e n t r a l ___
S econ d . . . .
F ir s t .........
N .Y .N t .E x .
B ow ery ...
N . Y . Co . . .
G erm a n A m
C h a se...........
F ifth A v e ..
G erm an E x .
G erm an ia ..
L in c o ln ........
G a r fie ld ___
F ift h .........
B k . o f M e t ..
W e s t S id e ..
S ea b oa rd ..
1 st N .B k ly n
L ib e r t y ........
N . Y .P r .E x
N e w A m st.
A s to r .........
W e s t e r n ___
2 , 000,0
2 ,0 5 0 ,0
2 , 000,0
2 , 000,0
1 ,5 0 0 ,0
1 , 000,0
2 5 ,0 0 0 ,0
300,0
600,0
1 , 000,0
30 0 ,0
700,0
500,0
600,0
5,000,0
10 , 000,0
3 ,0 0 0 ,0
42 2 ,7
4 5 0 ,0
200,0
2 , 000,0
3 ,0 0 0 ,0
1 , 000,0
1 ,5 5 0 ,0
500,0
000,0
1 , 000,0
2 , 000,0
600,0
1,500,0
3 ,0 0 0 ,0
250,0
3 ,0 0 0 ,0
1 , 000,0
30 0 ,0
10 , 000,0
500,0
25 0 ,0
200,0
750,0
1 , 000,0
100,0
200,0
200,0
30 0 ,0
1 , 000,0
25 0 ,0
1 , 000,0
200,0
50 0 ,0
30 0 ,0
1 , 000,0
1 , 000,0
50 0 ,0
35 0 .0
10 , 000,0
L oans.
s p e c ie .
$
$
2 ,4 1 1 ,2 1 6 ,801,0
2 ,3 7 6 ,9 1 9 ,8 4 7 ,0
1,355,4 1 3 ,2 1 6 ,4
2 ,709,0 13*503,0
3 ,573,5 20,1 7 3 ,1
4 ,6 0 3 ,0
31 6 ,0
1 6 .803,5 123,6 5 1 ,0
7 ,409,3 2 4 ,1 6 5 ,8
5 ,0 5 6 ,5
333,9
2 ,126.5
8 ,1 9 9 ,0
2 ,096,7
104,5
3,S 17,0
3 6 0 ,8
515,7
2,'2'97,2
547,2
4 ,8 5 7 ,6
3 ,9 1 8 ,0 2 8 ,2 1 7 ,0
8 ,315,2 6 8 .2 4 0 .8
4 ,5 0 0 ,0 2 4,2S 3,3
588,6
3 ,6 3 1 ,9
1 ,047,0
6,068,1
1 ,965,5
39 3 .6
2 ,0 4 7 ,6 1 7 ,388,7
6,339,1 4 5 ,5 4 8 ,6
1 ,0 4 5 .6
5 ,8 0 6 ,0
64 9 ,2
7,250,1
30 4 ,9
2 ,5 8 9 ,5
1 ,0 6 3 ,6
6 ,392,5
34 5 ,0
5 ,6 5 6 ,0
3 ,3 2 0 ,8 2 6 ,2 0 2 ,0
8 4 2 ,8
5 ,420,2
6 ,511,9 2 3 ,4 2 3 ,0
6 ,6 4 3 ,0 5 6 ,0 6 4 ,0
1 5 4 ,0
1 ,1 9 4 ,4
2 ,956,2 1 6 ,861,3
59 2 ,3
9 ,4 0 5 ,0
1 ,282,4
9 ,4 2 5 ,0
1 3 ,227,0 7 7 ,9 3 3 ,8
3S5,3
6 .245,5
773,7
2 ,7 8 3 ,0
631,7
4 ,1 3 8 ,9
4 9 3 ,8
3 ,381,1
3 ,6 6 7 ,6 3 7 ,3 5 5 ,9
9 ,1 4 6 ,0
1,643.1
658.S
2 ,9 0 0 ,9
3 ,141,3
8 4 9 ,8
1,249,1 1 2 ,1 0 7 ,0
1 ,2 7 6 ,9
7 ,6 4 6 ,4
3 7 0 ,6
2 ,5 0 4 ,8
1 ,4 1 3 ,0
8 ,4 5 1 ,8
50 9 .6
3 ,2 0 6 ,0
1 ,288.5 1 1 ,8 7 3 ,0
55 6 ,8
4 ,5 1 1 ,0
1 ,873,5 1 0 ,6 5 7 ,3
48 6 ,5
4 .4 9 9 ,0
6 ,9 6 4 ,4
55 1 .6
523,3
4 ,7 2 0 ,0
3 ,0 1 6 ,7 5 7 ,6 5 3 ,8
$
2 ,2 0 8 ,0
4 ,1 7 1 ,0
2 ,6 5 0 ,3
2 ,2 8 4 ,0
2 ,7 3 9 ,5
76 0 ,0
2 0 ,5 8 8 ,7
4 ,7 2 0 ,2
87 2 ,3
8 6 5 ,0
608,2
49 1 ,0
24 4 ,9
1,221,5
4 ,2 7 4 ,0
8.611,7
4 ,1 4 3 ,5
2 OS, 3
77 7 ,5
30 4 ,3
1 ,3 8 8 ,6
6 ,146,0
73 6 ,7
1 ,491,5
312,3
8S0,5
1 ,473,3
4 ,7 4 6 ,0
63 5 ,0
3 ,5 2 1 ,0
1 3 ,9 7 7 ,0
163,1
2 ,3 9 0 ,8
2 ,1 9 9 ,0
1 ,3 1 1 ,0
1 3 ,6 3 9 ,6
1 .0 3 3 ,3
3 9 0 ,0
87 0 ,5
518,5
8 ,9 9 0 ,6
2 ,2 1 9 ,5
19 5 ,0
41 7 ,2
620,8
1 ,613,2
538,2
1 ,6 2 0 .2
55 5 ,0
2 ,3 6 6 ,0
55 8 ,0
1 ,9 2 5 ,3
743,9
8 7 5 ,9
8 7 6 ,0
1 2 ,0 4 7 ,4
L eg a ls.
r D ep osits He.
s’ ve.
P.C.
$
$
1,388,0 1 4 ,741,0 24-3
2 ,074,0 2 3 ,3 4 1 ,0 26-7
1 , 122,0 1 4 ,882,6 25*3
1 ,348,0 1 3 ,8 8 8 ,0 26 1
2 ,135,5 21,153,1 2 3 0
4 ,2 8 8 ,0 24-2
27 8 ,0
8 ,7 7 0 ,8 107,823,4 27 2
2 ,059,5 •23,750,6 28*5
5 ,3 9 4 ,0 2 6 4
556,2
5 ,814,5 2 4 4
5 S 8 ;l
35,9
2 ,7 6 4 ,6 23*2
3
,9 8 3 ,0 21-7
375.0
181,0
1 ,670,9 25-4
184.9
4 ,955,1 28*3
1 ,8 8 9 ,0 22 , 221,0 2 7 7
4 ,5 8 2 ,5 5 2 ,8 9 8 ,5 24*9
1,227.5 2 1 ,126,9 25*4
4 3 4 ,0
4 ,1 7 1 ,0 15*3
6 ,077,4 26*5
83 4 ,7
30 1 ,2
2 ,6 3 9 ,5 22-9
1 ,164.3 1 3 ,675,9 1S*6
6 ,9 8 8 ,0 5 2 ,084.5 25*2
459,7
4 .8 6 5 ,0 24-5
564.8
8 ,2 0 4 ,6 25 0
44 2 ,5
3 .1 1 2 ,2 24*2
6 2 6 ,0
6 ,4 8 S 0 23*2
149,4
6,5S3,7 2 4 6
3 ,0 8 0 ,0 3 1 .4 6 4 .0 24*3
637,3
5 ,2 2 6 ,3 24*3
1 ,367,0 2 0 ,3 8 0 ,0 23*9
4 ,1 7 3 ,0 6 4 ,4 7 6 ,0 28 Y
214,2
1.347,8 2 7 9
2,708,S 1 8 ,3 8 3 ,5 27*7
1 , 002,0 1 1 ,354.0 28*1
1 ,260,0 1 0 ,2 3 0 ,0 2 5 Y
1 ,856,8 6 3 ,8 2 5 ,3 2 4 2
46 8 ,0
5 ,9 4 9 ,2 25*2
28 5 ,0
3 .2 0 5 ,0 2 1 0
44 0 ,0
4,939,1 26*5
24 2 ,5
3 ,168,7 24*0
2 ,099,4 4 3 ,7 6 7 ,8 2 5 3
323,2
9 ,9 7 9 ,0 25*4
775,0
3 ,5 1 8 ,9 27*5
554,1
4 ,8 6 3 ,4 19*9
2 ,4 7 4 ,3 12,900.1 23 9
3 2 4 ,8
7 ,7 9 0 ,9 24*8
127,1
2 ,6 6 9 ,6 2 4 9
73 1 ,3
9 ,8 2 6 ,6 23 9
3 1 2 ,0
3 ,512,0 24*6
1,527,0 1 3 ,958,0 27-8
693,0
4 ,7 7 4 ,0 26*2
3 4 0 .0
9 ,2 6 3 ,3 24*3
3 4 9 ,8
4 ,4 1 6 ,2 24*7
67 1 ,6
7 ,3 5 1 ,9 21*0
20*,0
4 ,6 8 0 ,0 23*1
2 ,696,4 5S ,801,4 2 5 0
T o ta l . . . 109,822,7 129,251,1 9 1 5 ,1 3 8 ,1 1 5 6 ,7 2 9 ,8 72,702,1 18986250 25*5
■
------t T o ta l U n ite d S ta te s d e p o s its in c lu d e d $37,*214,000.
R eports of Non-Member Bauks.—The follow ing is the
statem ent of condition of the non-member banks for the
w eek ending June 6.1903, based on average of daily results.
[Yol. l x x v i
New York City, Boston and P h ila d elp h ia B anks.—Below
is a summary of the w eekly returns of the Clearing House
Banks of New York City. Boston and Philadelphia. The New
York figures do not include results for non-member banks.
W e o m it tw o c ip h e r s (OO) in a l l these figures.
BANKS
N. Y .
M ay 16
M ay23
M ay29
J ’ne 6
B os.
M ay23
M ay 2 9
J ’ne 6
P h i la .
M ay 23
M ay29
J ’ne 6
C a p i ta ls
S urplus.
L oa n s.
S p ecie.
L ega ls.
D e
p o s its ^
C ircu
la tion .
C lea rin gs.
$
2 3 9 .0 0 4 .0
2 3 9 .0 0 4 .0
2 3 9 .0 0 4 .0
239,0 7 3 ,8
$
9 2 8 ,9 39,2
923.463.1
9 2 2 .9 75,9
915.138.1
$
1 6 8,756,4
166,002,0
164.005.8
156.729.8
’ $
70.445.1
71,873,5
73,909,8
72.702.1
$
920,835,5
914,611,1
9 1 3,081.8
89 8 ,6 2 5 ,0
$
44,269,9
44,204,0
44.173.3
44; 102,2
$
1 .2 8 1 ,1 4 3 ,0
1 .3 8 8 .2 9 4 .7
1.068,786,9
1.516.522.7
5 2 .3 2 2 .0 1 *7 ,6 5 3 ,0
5 2 .3 2 2 .0 189,091,0
52.322.0 190,000,0
1 7 .214.0
1 6 .2 6 1 .0
1 5 ,273,0
6,709,( 20 9 .7 5 7 .0
6 .740.0 20 7 .5 4 2 .0
6.533.0 21 1 .0 9 4 .0
6.485.0
6,51 4,0
6.520.0
1 24,011,7
9 8 ,8 5 8 .7
1 5 6 ,6 9 5 ,5
22 1 ,6 5 0 ,0 10,217.0
219,674,0; 10 ,469,0
218.097,0] 10,4.82,0
12 9 ,2 3 3 ,0
1 00,134,7
12 9 ,7 6 0 ,7
4 4 ,7 6 4 ,0 190,544.0
4 4 ,7 6 4 ,0 191,261,0
4 4 ,7 6 4 ,0 1 9 1 ,0 2 9 .0
5 5 ,4 5 0 ,0
5 4 ,7 9 3 ,0
5 4 .0 6 1 .0
t I n c lu d in g lo r B o s to n a n d P h ila d e lp h ia th e ite m “ d u e t o o t h e r b a n k s ,”
an d a lso G o v e r n m e n t d e p o sits .
F or B o sto n th e se G o v e rn m e n t deposits
a m ou n ted o n J u n e 6 to $ 6 ,3 0 8 ,0 0 0 ; o n M a y 20 to $ 6 ,3 2 5 ,0 0 0 .
Im ports and E xports for tlie W eek.—The following are
the imports at New York for the w eek ending for dry goods
June 4, and for the week ending for general merchandise
June 5 ; also totals since beginning first w eek January.
F O R E IG N
N or w eek.
1903.
BAN KS.
C apital.
N . Y . C it y .
B o ro u g h s o)
M a n & B r'n x
$
C o lo n ia l___
100,0
C olu m b ia ..
300,0
1 4 th S tre e t.
100,0
G a n sev oort.
200,0
H a m ilto n . .
200,0
M t. M orris
250,0
M u t u a l ___
200,0
1 9 th W a rd .
200,0
P la z a ...........
100,0
R iv e r s id e . .
100,0
S ta te .........
100,0
1 2 th W a r d .
200,0
23d W a r d . .
100,0
Y o r k v ille . .
100.0
F i d e l i t y ___
200,0
V a n c k ___
100,0
400.0
J e ffe rso n . .
C e n tu ry . . .
100,0
W a sh . H g ts
100,0
U n ite d N at. 1 , 000,0
B o ro u g h of
B r o o k ly n .
B ro a d w a y .
B r o o k ly n . .
8 th W a r d ...
M fr s .’ N a t ..
M e c h a n ic s ’
M e rch a n ts’ .
N a ss a u N at
N a t. C ity . .
N o r th S id e.
P e o p le s ........
17th W a rd .
S p ra g u eN a t
U n io n ...........
W a lla b o u t .
B o r o u g h of
R ich m o n d .
B k . o f St. Is.
ls t N a t .,S .I .
O th er Cities.
I s t N t ., J . C.
H u d so n Co.
N a t., J. C.
2d N at., J.C.
3d N at., J.C.
I s t N t ., H o b
2d N a t.,H o b
115 ,0
300,0
100,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
25,0
S u rp lu s .
$
20 7 ,4
271,5
102,6
57,1
120,8
112,5
191,7
194,6
239.4
108,3
49 2 ,4
99,1
93.6
265.2
113.2
60.4
23 9 ,6
53,2
11 6 ,6
223,2
316,9
165,0
20,0
514,5
391,7
45,9
633,5
580,7
165,7
160,9
85,0
264,4
122,3
70,3
2,066,7
1 , 616,8
38 7 ,6
3 ,096,5
5 ,4 1 0 ,]
907,3
4 ,074,0
3 ,1 4 3 ,0
982,1
1 ,425,4
646,4
1 ,052,5
1,403.3
80 4 ,0
10,8
5,0
12,6
165,3
12,0
108,4
4.5
315,2
161,1
11,1
173,0
14 3 ,0
13,9
53,4
11.5
134,5
45,3
42,9
75,6
103,8
526,2
767,4
18,3
35 ,0
400,0 1,031,9
4,648,1
291,3
250,0
250,0
2 ,248,5
1 ,086.8
1,097,2
2 ,6 7 0 ,5
1,063,5
90 ,5
63,1
50.9
128,4
38,2
100,0
200,0
110,0
125,0
631,8
289,2
271 ,9
506,4
140,0
$
185,1
109,0
73,9
126,7
112,7
83,9
167,4
129,8
12 8 ,0
89,5
20 5 ,0
21 3 ,0
144,5
168,0
42,5
69,6
75,8
15,0
19,5
43,3
168,0
60,3
32,2
69,7
374 ,3
54 .4
280 ,0
267 ,0
68,7
129,1
49,9
8.0
90,7
33,3
15,0
8
237,5
16 7 ,0
35 1 ,2
136,8
93,1
368,2
200,2
57 6 ,4
3 1 5 ,0
58,3
10 1,0
13 7 ,0
97,2
15 3 ,4
62 ,6
7 1,9
211,1
32,2
82 ,9
17,2
24 4 ,0
123,3
44,5
61 9 .0
268.8
146,4
672.0
481 ,0
3 5,4
67,4
8 9,3
225,9
107,3
34,3
$
150,0
3,0
34,7
100,0
54,0
27,7
120,8
4 9 7 ,0
5 0,0
5 5,6
1,8
6,4
33,9
1 2,3
........
55,4
34,5
35 ,0
10,0
18,0
88,0
104,4
Zo.O
62,9
2 3,0
147,5
64,0
$
2 , 668,0
3 .0 8 9 ,0
2 ,0 5 2 ,0
1 ,7 5 4 ,0
2 ,3 9 1'7
2 ,9 8 7 ,3
2 ,3 5 6 ,1
2 , 018,6
3 i4 3 6 ;o
1 ,191,5
7 ,1 5 5 ,0
1/989^0
k 6 4 S i2
1 ,890,5
'6 9 2 ,9
8 1 7 ,0
1 ,730,9
264,5
4 8 9 ,9
1,162,9
2 ,1 5 5 ,0
457,1
6 ,0 9 1 ,3
1 ,0 3 9 ,8
4 .5 3 5 ,0
3 ,5 6 7 ,0
9 6 2 ,6
1 ,5 5 4 ,4
68 2 ,9
1 ,0 8 4 ,0
1,'479,1
8 1 1 ,9
94,6
18,4
58 9 ,7
70 8 ,9
296,3 1,197,4
709,9
6 ,364,1
10,0
73,2
15,4
67,8
37,4
45,3
100,2
300 ,0
230,9
303,5
154,6
5*2,1
91,0
10.2
8,8
27,6
30,5
2 ,0 5 1 ,7
9 9 7 ,4
1,338,5
2 ,4 4 6 ,9
1 ,139,5
T o t. J ’ n e 6 8 ,4 1 2 ,0 9 ,9 4 9 ,8 7 9 ,5 9 0 ,6 3 ,498.0 4,448,2 9,122,1 2 ,759,9 8 7 .2 8 8 ,7
T o t. M ay29 8,374,0 9 ,610,3 79.064.9 3,592,3 4,501,4 9,437,9 2,517,7 8 6 ,8 5 0 ,4
T o t. M ay23 8,374,0 9,610,3 79,044,8 3 ,660,0 4,572,7 9,080,2 2,316,9 8 6 ,4 3 0 ,7
1900.
$ 1 ,5 9 8 ,1 0 8
7 .4 2 0 ,5 0 3
$ 1 , 0 .86,686
6 ,9 9 1 ,8 0 6
$1,491,201
11 .4 1 5 .9 8 9
$ 1 ,5 2 1 ,4 0 8
7 .7 6 9 ,7 6 9
T o ta l.............................
S in ce J a n . 1.
D ry G o o d s......................
G e n e ra l M erch a n d ise
$ 9 ,0 1 8 ,6 1 1
$ 8 ,6 2 8 ,4 9 2
$ 1 2 ,9 0 7 ,1 9 0
$ 9 ,2 9 1 ,1 7 7
$ 6 4 ,6 2 1 ,7 7 6
2 0 9 .2 3 8 ,3 6 6
$ 5 7 ,2 9 2 ,3 5 2
1 9 0 ,2 0 3 ,2 4 6
$ 4 8 ,3 9 4 ,0 7 9
2 0 6 ,3 9 9 ,0 5 6
$ 5 9 ,3 6 1 ,4 1 6
1 9 6 .0 5 5 .2 6 3
T o ta l 23 w e e k s ......... $ 2 7 3 ,8 6 0 ,1 4 2 $ 2 4 7 ,4 9 5 ,5 9 8 $ 2 5 4 ,7 9 3 ,1 3 5 $ 2 5 5 ,4 1 6 ,6 7 9
The imports of dry goods for one w eek later w ill be found
in our report of the dry goods trade.
The follow ing is a statem ent of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 8, and from January 1 to date.
E XPO R TS FROM N E W
F o r th e w e e k ................
P r e v io u s ly r e p o r te d ..
YORK
FOR T H E W E E K .
1903.
1902.
1901.
1900.
$ 9 ,2 0 7 ,9 6 7
2 1 7 ,5 6 8 ,9 0 5
$ 1 0 ,7 3 2 ,8 6 5
2 0 7 ,1 1 1 ,0 9 6
$11,103,761
2 2 2 .7 5 9 ,8 0 5
$ 1 1 ,6 9 0 ,9 1 2
2 2 5 ,4 3 0 ,4 4 8
T o ta l 23 w e e k s ......... $ 2 2 6 ,7 7 6 ,8 7 2 $217,S 43,961 $ 2 3 3 ,8 6 3 ,5 6 6 $ 2 3 7 ,1 2 1 ,3 6 0
N o t e .—A s th e fig u r e s o f e x p o r ts as re p o r te d b y th e N e w Y o r k C u stom
H o u s e fr o m w e e k to w e e k fr e q u e n tly sh o w d iv e r g e n c e fro m th e m o n th ly
tota ls, also co m p ile d b y th e C u stom H o u s e , w e sliaU fr o m tim e to tim e a d ju s t
th e to ta ls b y a d d in g t o o r d e d u c tin g fro m th e a m o u n t “ p r e v io u s ly r e p o r te d .”
The follow ing table shows the exports and imports of
specie at the port of New York for the week ending June 6
and since Jan. 1,1903, and for the corresponding periods in
1902 and 1901.
E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W Y O R K
G o ld .
L o a n s JLeg. T.
N et
In v e s t- S p ecie. &B a n k C lea r’g O ther D ep osits
m en ts.
N otes. A g en t. B ks.& c
$
38,2
187,0
81,7
29,3
123,1
149,9
26 ,8
29,7
142,0
14,3
40 8 ,0
36 ,0
55,3
23 ,0
9,9
4,6
1901.
E xports.
D e p o s it w ith
*
2 ,313,3
3 ,0 1 7 ,0
1,705,4
1 ,576,8
2 ,1 8 7 ,0
2 ,2 6 3 ,9
2 ,2 3 2 ,2
1,457,7
3 ,0 6 0 ,0
1 ,106,4
6 ,3 7 4 ,0
l,5 0 3 ,u
1,387,3
1 ,823,2
711,2
798,7
1,814,3
34 0 ,8
597,2
2,197,3
1902.
D r y G o o d s...............
G e n e ra l M e rch a n d ise
W e o m it tw o c ip h e r s (OO) in a l l cases.
008 om itted .
IM P O R T S .
W eek.
G re a t B r it a i n ...................
F r a n c e .................................
G e rm a n y ............................
W e s t I n d ie s ......................
M e x ic o .................................
S ou th A m e r ic a ................
A l l o th e r c o u n t r ie s ........
I m ports.
S in ce J a n. 1.
W eek.
Since Jan. 1.
$ 3 ,5 2 2 ,9 8 8 $1 0 ,3 5 0 ,6 5 2
1 ,213,002
1,213,00*2
1 ,5 6 1 ,1 1 0
2,000
2 0 ,1 3 0
3 0 0 ,0 0 0
6 ,265,855
10,300
3,678
91 9
9 6 ,3 9 6
15 3 ,1 3 8
3 0 3 ,6 1 5
2 8 ,9 3 8
T o ta l 1 9 0 3 ...................
T o ta l 1 9 0 2 ...................
T o ta l 1 9 0 1 ............. .
.S ilv e r.
G re a t B r it a in ....................
F r a n c e ................................
G e r m a n y ............................
W e s t I n d ie s ......................
M e x ic o ...............................
S ou th A m e r ic a ................
A ll o th e r c o u n t r ie s .........
$ 5 ,0 3 7 ,9 9 0 $ 1 9 ,4 2 1 ,0 4 9
14 ,0 0 5
1 6 ,8 8 9 ,5 6 9
6,563
22,785,811
•
$5,384
9,986
36,591
$ 3 ,0 0 5 ,2 0 2
1,143,412
1,0 9 4 ,0 6 6
$24 2 ,1 5 5 $ 1 3 ,6 7 9 ,2 2 0
76 0 ,9 9 9
600
104,272
1,440
$62
$ 1 6 ,9 3 0
60 9 ,0 8 6
9 6 ,9 8 6
2,700
T o ta l 1 9 0 3 ...................
T o ta l 1 9 0 2 ...................
T o ta l 1 9 0 1 ...........
$ 2 4 8 ,5 9 5 $15,433,681
649,825
1 6 ,192,967
1 .020.644
2 3 ,1 5 7 .9 1 8
$62
1,577
75,093
$ 7 2 5 ,4 0 2
4 9 0 ,0 9 7
1,6 4 9 ,0 5 2
$ 2 ,4 2 3 ,1 1 5
$787
4 ,4 0 0
881.191'
5 ,0 0 0
Of the above imports for the week in 1903, $892 were
American gold coin and $62 American silver coin. Of the
exports during the same tim e $302,OuO were American gold
coin and $5,000 were American silver coin.
Auction Sales.—See page preceding.
Sinking iuid Ifiiunicial.
Spencer
Trask
&
Co.,
BANKERS,
W IL L IA M
& P IN E
STR E E TS,
-
-
N E W
Y O R K ,
T ra n s a c t a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
IN V E S T M E N T
S E C U R IT IE S .
M em bers N. Y . S tock E xch an ge.
M o f f a t
m em bers N ew
B ranch Office, 65 S tate St., A lb a n y
&
W
h
i t
e
,
Y o rk S to ck E xch a n ge,
1 NASSAU STREET, CORNER W A L L ,
Dealers In Investment Securities.
TeU 5820*5821 Cortl&ndt.
T e le p h o n e S t o c k s a S p e c ia lt y *
THE CHRONICLE.
J une 13, 1903.]
J B a tx k ers'
or
(G ille t te .
F o r D i v i d e n d s s e e -p a g e <2 8 2 .
W A LI,KTttKKT, K H I I U * . JUNE 12, l » U 3 .-a 1*. ,11.
The Mouey Market anil Financial Nltuatiou.—The down
ward movement of security values, which had been a con
spicuous feature of the market for some time past, continued
in force up to the closing hour on Wednesday. At that
time the extent of the movement had assumed such propor
tions as to attract attention on both sides of the Atlantic,
and conservative financiers were of the opinion that nothing
in the general situation warranted such a heavy decline in
values and therefore a reaction was due. To such an extent
did this opinion prevail as to apparently reverse the senti
ment over night, and on Thursday and to-day there has been
a sharp demand for securities, both at home and abroad.
Undoubtedly the outlook is somewhat more hopeful than
it recently was. The labor element is less aggressive and in
some localities preparations are being made for a renewal of
activities. Recent rains have brought much needed relief
and greatly improved the crop prospects over a large area of
the country, while the damage caused by floods, although
severe in some cases, is chiefly local in etfect.
Gold exports for the week are limited to §1,600,000, in
cluding $1,350,000 engaged for shipment to South America
to-morrow, and both the foreign exchange and money mar
kets are easier.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from l% to 4 per cent. To-day’s rates on call were 1% to
234. Per cent. Prime commercial paper quoted at 5 lor en
dorsements and o@5% for the best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £1,056,431, and the percent
age of reserve to liabilities was 53*06, against 49*61 last week,
the discount rate remaining unchanged at 3% per cent.
The Bank of France shows a decrease of 5,550,000 francs
is gold and an increase of 2,125,000 francs in silver.
1285
siderably smaller. Fluctuations have been wider than usual,
in sympathy with the stock market, and net changes are
generally to a fractionally lower level.
Union Pacific convertible 4s have been by far the most
active b' nds. They covered a range of nearly 4 points and
close higher thau last week. United States Steel new 5s,
when issued, have also been conspicuously active within a
much narrower range. Pennsylvania convertible 3%s have
been notably strong and close with a substantial net gain.
United States Bonds.- Sales of uovernmem bonds at
the Board include $1,000 5s, coup, at 103%, $1,000 4s, reg,,
1907, at 110, $500 3s, reg, at 107, $3,000 2s, reg. at 106, and
$28,000 2s, coup, at 106 to 106)4. The following are closing
quotations: for ye> rly r^ng sen third naue following.
In terest
\ P erio d s
June
6
June
8
June
9
June
10
June
11
June
12
2a, 1930........... registered Q —tfftn *106*o -ICS’s *106*4 *106*4 108 *105*4
2a, 1930...........
Q—Jan *106 *106
106 *106*4 *108** *106*4
2a, 1930 .smaJ.registered .... .. ..
......
___
2a, 1930 .small ___ co u p o n
3a, 1918.......... registered Q —Feb *107 Hi *107*0 *107*< *i’0734 ‘ 107*4 *107*4
3a, 1918.........
-107 *a *107*0 *107*4 *107*4 ‘ 107*4 *108
......
3a, 1918, small.reglsteredQ—Feb ......
3s, 1918, small ___ co u p o n Q—Feb *106*0 *106*o *i06*o *106H *106*o *106*o
48, 1907......... registered Q—Jan *110 ‘ 110 *110
110 *110 *110
Q—Jan *111 '111 *111 *111 *110 *111
48, 1907.........
48, 1925......... .registered Q—Feb *135 h *136*0 ‘ 136*0 *135*, *135>o *135*a
4s, 1925.........
Q—Feb *135*o *135*0 *135*2 *135*0 *135*0 *135*0
58, 1904......... .registered Q—Feb *102 la *102*o *102*o *102*0 *102*a *102*o
#8,1904......
Q—Feb 103*4 *102*o *102*o *102>o *102 V*102*»
'This la the prloe bid at the morning board; no s a l e wan made
$
$
109.822,700
Capital........
129.251,100
Surplus.......
Loans * disoounta 915,138.109 Deo 7,837,800
71,100
44,102.200 Deo
Circulation...
*898,625,000 Deo 14,456,800
Net deposits.
156,729,800 Deo 7,276,000
Specie...........
72,702,100 Deo 1,207,700
Legal tenders
83,872,700
105.007.900
884.266.900
31,466,400
945.896.600
172.215.600
75,644,100
Railroad and Miscellaneous Stocks.—The stock market
continued weak up to the close of business on Wednesday.
The low quotations of that day showed a decline from the
highest of the current year, which generally occurred in
JanuarjT, of (omitting fractions) 58 points in Chicago &
North Western, 35 points in St. Paul, 34 points in Pennsyl
vania, 32 points in New York Central and New York New
Haven & Hartford, 28 points in Lackawanna, 27 points in
Union Pacific and Reading, and 26 points in Central of New
Jersey. At the same time Canadian Pacific, Atchison, South' era Pacific, Illinois Central, Rock Island, Louisville & Nash
ville, Baltimore & Ohio, Manhattan Elevated and Metro
politan Street Railway showed a loss of from 20 to 25 points.
1901
Thursday’s market opened strong under the change of
June 8
sentiment noted above, with a good demand for foreign
$
account, and a long list of active stocks, including many of
74,099,300
96,485,900 those noted above, recovered from 3 to 5 points. This move
887,599,100 ment has been continued to-day, the advance averaging
30,933,400
972,118,800 about 2 points. If we except the copper issues, it cannot be
179,029,700 said that industrial shares have led the market in the recent
77,341,500 depression.
229,481,900 Deo 8,483,700
224,656,260 Deo 3,614,200
247,759,700
236,474,125
258,371,200
243,029,700
NEW YO RK OXTT OU8ABINO-HOU8B BANK8.
D iffe r e n c e s
fr o m
p r e v io u s w eek
1903
June 6
Reserve held.
86 p. 0 . ct deposits
1902
June 7
t
11,285,575
4,775,660 Dee 4,869,500
Surplus reserve
* $37,214,000 United States deposits inoluded, against $37,248,400 last
week. With these United States deposits eliminated, the surplus reserve
would he $14,070,160 on June 8 and $18,957,260 on May 29.
Hotm.—Romms ol separate banka appear on the preceding page.
Foreign Exchange.—The foreign exchange market was
easier this week, influenced by active money and by offerings
of loan bills. Gold exports to Berlin, $250,000, and to South
America, $1,350,000.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 85% for sixty day and 4 88% for sight. To-day’s (Fri
day’s) actual rates for sterling exchange were 4 8475@4 8485
for long, 4 8745@4 8755 for short and 4 87S0@4 88 for cables.
Commercial on banks. 4 84%@4 843/2) and documents for
payment, 4 8375@4 8485. Cotton for payment, 4 8375@4 8385;
cotton for acceptance, 4 84%@4 84%, and grain for pay
ment, 4 8475@4 8485.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 18%@5 18%* for long and 5 16%f@5 16% for short.
Germany bankers’ marks were 94%f@94% for long and
95 7-16@95%f for short. Amsterdam bankers’ guilders were
40*@40 for Tong and 40%@40%TT for short.
Exchange at Paris on London to-day, 25 f. 17% c.; week’s
range, 25 f. 17% c. high and 25 f. 17 c. low.
The week’s range for exchange rates follows :
---------- Long.--------- ,
S te rlin g A c tu a l—
High... I 4 8510
Low.... I 4 8475
--------- Short.-------- .
@ 4 8520 I 4 8775
@ 4 8485 | 4 8745
.-------- Cables.---------
@ 4 8785 I 4 8820 @ 4 8830
@ 4 8755 | 4 8790 @ 4 83
P a r is B a n k ers’ F ra n cs—
High... I 6 18*«*
Low.... I 5 18^4
@ 5 18*el I 5 15*8* @ 6 15=»* I
@ 5 18 V I 5 1 0 V @ 5 16*4 1
..........................
..........................
Germany Bankers’ Marks—
High... t 94 *» @ 04l5i*t I
Low.... I 947st @ 94*8
I
95*16 @ 95 V
95*16 @ 95 V
I
1
.........................
..........................
I
|
..........................
..........................
Amsterdam Bankers’ Builders—
High... I 40*
Low.... I 40 *
@ 40
@ 40
I
I
40q @ 40V1
4 0 V @ 40^4
F o r d aily volum e o f business see page 129^.
The following sales have occurred this week of shares m t
13,841,500 represented in our detailed list on the cages which follow
Less s * h e of 1%. t '-st of 1%. * *s* of 1%. P lu s: Uh e of 1%. * * ij* of 1%.
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-aay: Savannah,
buying 25c. per $1,000 premium, selling 37%c. per $1,000
discount; Charleston, buying par, selling 253. per $1,000
premium; New Orleans, bank, 75c, per $1,000 discount;
commercial, $1 CO per $1,000 discount; Chicago, 25c. per
$1,000 premium; St. Louis, 403. per $1,000 premium; San
Franoisco, par.
State and Railroad Bonds.—Sales of State bonds at the
Board limited to $26,000 Virginia 6s def. trust receipts at 7%.
The market for railway bonds is again more active but
irregular, both as to volume of business and range of prices.
The transactions on Wednesday amounted to about $3,600,
000, par value, although the average for the week is con
STOCKS
W eek E n d in g J u n e 12
S a le s
fo r
M ange fo r W eek
M ange sin c e J a n . 1.
W eek
A llia -C h a lm ers C o.............
200 1 2 “8J’ n e l l
P r e fe r r e d ..........................
34 8 <> J ’ n e 8
A m e r A g r io u l C h e m .......
10 17 J ’ nelO
P re fe rr e d ..........................
400 74*aJ’ n e l2
A m e r ic a n C o a l..................
1 0 U 210 .T’ n e l i
A m e r T o b a c o o , p r e f.........
100 140 J ’ n e 8
D es 84 & F t D od g e, pref.
200 135 J ’ n e l l
G e n e ra l C h e m ica l.............
50 03*sJ’ n elO
L a cle d e G a s (S t. L o u is)
10 92 J ’ n e 9
100 97*8 J ’ n e l l
P re fe rr e d ..........................
N a t E n a m & S ta m p in g ..
200 31 J ’ n e 6
P r e fe r r e d ..........................
280 87 J ’ n e 8
N Y & S J T e le p h o n e ...
49 160 J ’ n elO
*sJ’ n e l 0
P e n n s y lv a n ia r ig h t s ....... 92,361
P itt s b F t W a y n e & C h ic
10 183 J ’ ne 11
48
J ’ nelO
U S R e d u o & R e fln , p re f
100
2 *4J ’ n e 6
552
W e 8tin g h o u s e rig h ts
12 *aJ ’ nelO
80 J ’ n e 8
17 J ’ n elO
74 *sJ’ n e l2
21 0 J ’ n e l l
140 J ’ n e 8
137 J ’ n e l2
63*sJ’ n elO
92 .T’ n e 9
9 7 £feJ’ n e l l
31*4J ’ n e 8
91 J ’ n e l l
160*«J’ n e 6
1 *3 i ’ n e l 2
183 J ’ n e l l
48 J ’ nelO
3 J ’ne 6
10 J ’ n e
80 J ’ n e
17 J ’ n e
74*o J ’ ne
199 J ’ ne
140 J ’ n e
135 J ’ ne
6 o*aJan
84 Jan
95 Ja n
30*oMay
87 J ’ n e
160 J ’ ne
*eJ’ ne
183 J ’ ne
48 J ’ ne
2 *<J’ ne
23 F eb
87 *sF eb
25*4 F e b
83*aJan
21 0 J ’ n e
146 J a n
137 J ’ ne
72 F e b
100 F e b
110 Mar
36 M a r
93 Mar
165*2M ay
3 *4M a r
191 F e b
56 J a n
7*aMay
Outside Market.—Conditions prevailing on the Stock Ex
change were reflected to a great extent this week in the mar
ket for unlisted securities. Values were severely depressed
in the early part of the week, bnt on Thursday and to-day
substantial recoveries were recorded as a result of the im
provement on the Board. Northern Securities, which is
more affected by the coarse of prices on the Exchange than
most other curb securities, declined 6 points, to 85%, but
later reacted, and to-day touched 91)4; the close was at 91.
Seaboard Air Line common sold off from 23)4 to 19%, but to
day recovered to 22%; the last sale was at 22; the preferred
lost 3 3 4 points, to 36, and ended the week at 38)4- National
RR. of Mexico 2d preferred (w. i.) sank from 29 to 25%»
but to-day got back to 29. New Orleans Railways
common on Wednesday sold at 16%, a loss of 3%
points from the last previous sale; on Thursday there were
sales at 12)4; the preferred advanced 1% points in the early
part of the week to 42%, but on Wednesday sold down to 41
and on the following day moved up again to 42. Standard
Oil declined 10 points to 640 and to-day got back to 650.
International Mercantile Marine shares displayed strength.
The common moved up from 7 to 8% and the preferred ad
vanced 5% points to 31. After a fractional decline to 5)4,
American Can common moved up to 6; the preferred
lose 2% points to 42 and to-day recovered to 43%, Ameri
can Light & Traction common sold down 4 points to 75, later
reacted to 78% and to-day again moved down to 77; the pre
ferred declined from 97 to 95%. Havana Tobacco common
sank from 39 to 36%. In the copper group interest centered
largely around Greene Consolidated. This stock sold off
from 21% to 19, but to-day recovered to 22%; the close was
at 22. After a fractional advance to 18% United Copper fell
to 15%, but subsequently reacted to 17%.
Outside quotations will be found on page 1294.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O CCU PY IN G
S T O C K S —H IG H E S T A N D L O W E S T S A L E P R IC E S
S a tu r d a y
June 6
*32
*63
69%
92 %
S0%
*8 9
57%
137%
r1 5 0
120%
69
16 5
38%
26 %
*68
M onday
June 8
T u esd a y
June 9
35
*30
*30
32
65
*62
♦62
65
7L
65%
66% 69%
92%
92
93
93%
86%
81%
8 3 % 86
91
91
*89
91
56%
58 %
5 6 % 57%
*1 3 7 %
148
*1 3 7 % 148
15 6
150
150
149
1 22% 1 1 9 % 120% 1 1 9 %
69
67
67%
68
1 6 7 % 1 6 6 % 1 6 6 % *163
37%
38
38%
39
25%
26
26%
27 %
68
68%
68
69
W ed n esd a y
J u n e 10
32
65
68%
93%
84%
91
57%
148
149
121%
68
167
39
26%
68
*3 0
*60
63%
91%
79%
91
54
T h u rsd a y
J u n e 11
*3 0
32
*3 2
6 0 % 6 0 % * 62 %
6 5 % 68%
68%
93% 94%
94%
8L
83%
84
91
91
92
55 % 56 %
56
145
*137% 148
*148
* 1 4 8 156
117% 119% 119% 122% 122%
65% 66
*65
67
67
164
164
165
167% 1 6 8 %
35 % 3 6 %
36
37
37%
25
25%
26%
25% 27
6 7 % 68
68% 68% £ 6 6 %
R a ilr o a d s .
A n n A r b o r ..............
D o p r e f ...........................
A tc li. T o p e k a & S a n ta F e.
D o p r e f ...........................
O a l t i m o r e & O h i o ............
1 3 D o p r e f ...........................
B r o o k ly n R a p id T r a n s i t ..
B u lia lo ' R o c h . & P it t s b ’ g .
D o p r e f ........
f Canadian P a c if i c ..............
V C anada S o u t h e r n ..............
C e n tr a l o f N e w J e r s e y . . .
C h e s a p e a k e & O h io ............
C h ic a g o & A l t o n ..................
D o p r e l ...........................
O h ir n g o rfe E a s t ’ n I llin o is
D o p r e f ...................
C h ic a g o G r e a t W e s t e r n ..
D o 4 p . c. d e b e n tu r e s
D o 5 p. c. p r e f. “ A ” . .
D o 4 p. c. p r e f. “ B ” ..
C h ic a g o M ilw . & S t. P a u l.
D o p r e f ...........................
C h ic a g o & N o r t h W e s te r n
D o p ref
35
65
70%
95%
86
92%
58%
145
156
125%
68%
169%
39%
27%
66%
*1 3 0
140
*130 140
*1 3 0
140
"1 3 0
140
*130
140
i3 0
140
1 8 % 19%
1 8 % 19
1 7 % 19
1 8 % 19%
19% 20
1 6 % IS
*85
88
88
*86
89
*86
8 7 % * 8 6 % 87% * S 6
♦86
88
73% 73% *72
74
*71%
*72
74%
*72
74
72% 74%
3 2 % 33
33
33%
31
32
33% 34%
32
33%
3 4 % 34%
14 9 % 150% 1 4 8 % 1 4 9 % 1 4 8 % 1 5 1 % 147 % 1 4 9 % 1 4 9 % 1 5 1 % 1 5 1 % 153%
1 7 6 176
176
176
1 7 5 % 1 7 5 % 1 7 6 % 176% 1 7 9
179
17 5
175
16 9
172% 1 6 9 % 1 7 2 % £ 1 6 6 % 168% 1 6 8
173
1 7 3 173
170% 171
*11 5
135
*1 1 5
135
i2 0
13 5
*18 0 1 9 0
*180 190
175
19 0
14
14
1 3 % 14
1 4 % 14 %
22
23%
22
23%
24 % 24%
4%
5
4%
4%
"4 %
5
* 2 8 % ..........
85
85 %
85% 85%
85
85%
11 3 % 1 1 3 % * 1 1 0 115
1 1 0 115
1 6 % 17
17% 18%
1 6 % 17
59% 59%
*61
62
5 7 % 58%
*26
28
25% 26%
27
28
16 9 169% 16 7 1 6 8 % 1 6 7 % 169%
245% 249% 249% 249%
2 4 9 24 9
28
29
2 7 % 28
2 9 % 60
83% 84%
83% 83%
*84% 85%
39
39% *3 8 % 4 0
*38% 40
1 2 % 12%
12% 12%
13
13
‘2 4
24%
21
23%
24% 24%
72
73
73
73
70
72
1 0 % 10%
10
10
* 1 0 % 12
16
16
15
16
16
16%
3 2 % 33%
3 0 % 32%
3 3 % 33 %
6 5 % 66%
65% 66%
66% 67 %
54% 55%
54
55%
5 5 % 56 %
6 0 % 61
60
60%
6 1 % 62
*86
90
*S6
90
*86
90
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* 4 9 % 62
*180 190
180 "1 9 0
*180
190
95
95
*91
95
1 3 4 % 135
26
26
*48
51
.. 36
7 5 % 7 5%
24 ~ 25 ~
4 6 % 47
*25
35
*45
55
*30
35
102% 110
64
111%
136%
88%
1 2 7 ’a
64
1 12%
137%
89%
128
*2 3 % 23%
115 125
80
80
54%
120
22 %
50%
102%
104%
22%
43
124%
*29
106
*70
192%
25%
64%
*88
56
*92
*61
124
*20
86%
*75
*65
*98
46%
*81%
*63
33%
71
*8
“ 38
*15
54%
122
23
50%
103%
104%
22%
43%
1 25%
31
11 8
80
195
25%
65%
90
56
102
66
124%
24
87
85 •
70
10 0
47%
83
67
34%
71
*115
♦175
12
20
135
"1 2 5
190
*1 7 5
13%
13
21%
21
0
83
86
87
88%
85
86
*110 115
"1 1 0
115
"1 0 0
115
15
16%
16
18%
1 8 % 18%
5 8 % 59%
56
56
5 7 % 58%
25
25%
2 5 % 28
28
28%
1 6 0 % 1 6 7 % 1 6 8 171% 1 7 0 172%
*245
250
248% 250
2 5 1 % 253
26% 27%
28% 30%
25% 26%
8 2 % 83
83% 84%
8 2 % 83
38% *3 8 % 40
39% 40%
33
1 2 % 13%
1 2 % 12%
1 2 % 13
23% 24
21
21%
2 2 % 23%
7 1 % 73%
65% 68%
6 4 % 68
9 % 10
11
11
10
10%
14% 15
1 6 % 17
15% 1 5 %
32
33%
28% 30%
2 9 % 31%
62% 64%
6 6 % 67%
6 4 % 66%
52
53%
55% 56%
54
55%
60%
59
61% 63%
60
61 %
90
*86
*86
90
*86
90
*180
1 4 % 14%
14
14
92% 94
*87
97
*91
94
*91
94
13 2 % 134% 1 3 2 % 134
2 4 % 25
2 3 % 24%
§45
45
§45
45
3 5 % 35% * .......... 37
74
75%
22
22%
2 0 % 22
44% 46
42% 44
*25
35
*2 5
35
*45
55
*45
55
30
30
§30
30
103
103
*102 110
190
70
111%
135% 136%
85
88%
1 2 5 % 127%
60
61
*60
70
1 0 9 % 111
105% 108
134% 136
135% 137%
S3
85%
86
89
1 2 4 126% 1 2 1 % 123%
*1 9
24
*19
24
*
* .......... 69
69
21
21%
22% 23%
2 1 % 22%
*120 130
*12 0
130
* 1 2 0 125
82
*77
75
78% *78
84
110
110
5 1 % 53
49% 51
50
52%
118
117 1 2 0
116
118 119
22
22%
18% 19%
20% 21%
4 9 % 50%
4 7 % 49%
49
50%
101
99
1 0 0 % 102% 1 0 0 % 1 0 3 %
*100 105
1 0 3 % 104
*103
106
2 1 % 22%
2 0 % 21
2 0 % 21%
4 1 % 42%
39% 40%
40% 43
1 2 4 % 125% 1 2 5
126% 1 2 4 % 126
27
29
25% 26
27
27%
♦101 103
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103
*
*70
80
80
* .......... 73
1 9 5 195
1 9 3 % 1 9 3 % 193
195
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21% 23%
23% 24%
63 % 64%
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58
60%
*88
90
*88
90
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57
54% 54%
60
53
*9 2 102
*92
102
*92 1 0 5
*62
67
*5 5
65
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65
123% 1 2 4 % 1 2 3 % 1 2 5
1 2 3 % 124%
20
20
20
22
21
*16
*80
85
83% 84%
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80
*7 5
80
*75
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*6 5
70
*60
70
60
65
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100
*95
100
*9 5 105
43% 45%
41% 43%
4 3 % 46%
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81
82
81% 81%
60
60
62 % 62 %
6 2 % 62%
32% 34%
31% 3 2 %
32% 33%
70
71
6 9 % 70
70
70%
110
9
38
*170
175
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190
12
13%
1 2 % 14
14
34 %
*90
92
91
95
9 6 % 99
90
91
9 4 % 94%
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93
130% 1 3 1 % 1 3 0 % 133% 1 3 3 % 135
2 2 % 22%
25
27%
24
25
*43
46
43
45
45
47%
31
3L
3 1% 31% *32
40
7 4 % 74%
75 % 75 %
76
76%
2 0 " 20%
24% 25%
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3 9 % 41
42
42
45
45%
35
*25
*20
30
29% 29%
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00
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55
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55
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32% 32%
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33
1 0 5 % 105% *108 110
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110
*64
11
42
18
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135
135
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190
190
13
15
14%
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22%
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5
0
9
38
66
66
62
63 %
107% 109% 109% 112
137%
136
137% £ 1 3 6
8 6 % 86%
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123
124% 125% 127
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♦115 125
80
81
51
52%
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121
1 9 % 21%
48
49%
100% 102%
1 04 104
2 1 % 21%
41
43%
126 127%
26% 27%
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118
73
74
§194% 194%
23
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61 % 63
88% 88%
§54
54
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105
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65
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23
23
85
85%
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80 ”
69
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10
10
22
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80
*100
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102%
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22
43
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28
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24%
63%
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120
82
120
57%
124%
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105
106
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129
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118
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197
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100
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83
63
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71
55
105
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126%
25
85%
80 "
74%
100
48%
84
66
35%
72%
*8
38%
*15
1i
40
20
PAGES
STOCKS
N E W Y O R K STOCK
EXCHANGE
F rid a y
J u n e 12
32
65
66
93
81%
91
56
TW O
C h ic. S t. P . M in n . <fc O m .
D o p r e f ....................
C h ic a g o T e rrn ’ l T r a n s fe r .
D o p r e f ...........................
C h ic a g o U n io n T r a c t io n .
D o p ref
C le v e . C in . C h ic . & S t. L .
D o p r e f ...........................
C o lo ra d o ' & S o., v o t . tru st
D o l s t p f . v o t . tr . cfs.
D o 2 d o f. v o t . tr. ctfs .
r% ela w a re< fc H u d s o n ___
l - 'e l a w . L a c k . & W e s t ’ n .
D enver
R io G r a n d e ___
D o p r e f ...........................
D es M o in e s cfc F t. D o d g e .
D e tr o it S o u t h .v o t . tr. c tfs
D o p r e f. v o t . tr . c tfs .
D e t r o it U n i t e d .....................
D u lu t h S o. S h o r e
A t l..
D o p r e f ...........................
I T n e .........................................
U D o 1 s t p r e f ...................
D o 2 d p r e f ...................
E v a n s v . & T e r r e H a u t e ..
D o p r e f ....................... .
F t. W o rth ifo D e n . O. strop
G rea t N o rth e rn , p ref
G r e e n B a y*feW ..deb . o ff, A
Do
d e b . c t f. B
I T o c k i n g V a l i e v ...............
1 A D o p r e f _____ _________
I llm o is * C e n t r a l........ .
I o w a C e n t r a l.......................
D o p r e f ...........................
T J a n a w h a & M ic h ig a n
IY .O .F t.S.<& M . tr, r,fs pftl
K a n s a s C it y So. v o t . t r . ..
D o p i e f . v o t . tr. c t f s .
K e o k u k <£ D e s M o i n e s . ..
D o p r e f .......... .....
T a k e E 'rie & W e s t e r n .. .
T j D o p r e f .......................
L. S h o r e & M ic h . S o u th ’ o
L o n g I s l a n d ...........................
L o u i s v il le
N a s h v i l l e . ..
A T a n lia tta n E le v a t e d . . .
j.IA e tr o p . S e c u r ., s u b . re c.
M e t r o p o lit a n S t r e e t ..........
M e t. W e s t S id e E l. (C h ic .)
D o p r e f..
M e x ic a n C e n t r a l.................
M icliieran C e n t r a l ...
M in n e a p o lis & S t. L o u is .
D o p r e f ___
M in n . S .'P . & S. S. M a n e .
D o p r e f ...........................
M o. K a n s a s & T e x a s ........
D o p n e f...........................
M is s o u r i P a c i f i c .................
YT ash . C h a tt. & S t. L o u is
at. o f M e x ., v o t . t r . c t fs
D o p r e f., v o t . tr. c tfs
N . Y . C e n t r a l & H u d s o n ..
N . Y . C h ic . & St. L o u i s . . .
D o 1 s t p r e f ________
D o 2 d p r e f ................
N . Y . N . H a v e n & H a r t t.
N . Y . O n ta r io & W e s te r n .
N o r f o lk & W e s t e r n ............
D o a d ju s tm e n t , p r e f
p a c i f i c C oa st C 0.. I . Y . .. .
-L D o 1 s t p r e f . . . _______
D o 2 d p r e f . __________
P e n n s y l v a n i a .......................
r e o r i a & E a s t e r n ................
P o r e M a r q u e t t e ___________
D o p r e f __
P itt s b . C in . C h ic. & St. L .
D 3 p r e f ...........................
p e n d i n g , v o t ’ g tr. c t f s . .
X Y l s t p r e f. v o t . tr. c t f s . . .
2 d p r e f. v o t ’ g tr. c t f s .
R o c k Is la n d C o m p a n y ___
D o p r e f ...................
R utlan d^ p r e f ____ ________
O l J osep h < fcG r’ d I s la n d .
O D o 1st p r e f..
Do
2 d p r e f ....................
R a n g e lo r Y ea r 1903
R ange jo r
S a les 01
On O asis o f 1 0 0 -s h a r e lots
Y ea r (u
th e
W eek
L ow est
L o w est
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33 M a y2 3 41 J a n 10
6 0 % J ’ n e l l 69 J a n 21
6 3 % J ’ n elO 8 9 % J a n 10
91% J ’ n e lO 1 0 3 % J a n 10
7 9 % J ’ n e l o 104 J a n 9
9 0 M a y 2 5 96% F e b 11
5 4 J ’ n e l o 7 1 % F e b 17
124 J a n 8 150
F eb 9
145 J a n 10 160 F e b 9
1 1 7 % J ’ n e lO 138% F e b 10
6 5 % J ’ n e lO 7 8 % J a n 5
163 J ’ n e 5 190 J a n 19
3 5 % J ’ n e lO 5 3 % J a n 19
25 J ’ n elO 3 7 % J a n 5
6 6 % J ’ n e l2 7 3 % J a n 7
202 J a n 15 2 1 0
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130 J a n 13 1 3 8 % J a n 29
1 6 % J ’ n e lu 2 9 % J a n 9
8 6 % M a y 28 9 0 % J a n 13
71 M a y2 6 8 5 % J a n 9
31 J ’n e lo 4 6% F eb 5
1 4 7 % J ’ n e l i 183% J a n 7
175 M a y 2 5 194% J a n 9
1 6 6 % J ’ n elO 2 2 4 % J a n 14
21 0 M a y 14 250 J a n 8
200 J a n 9 2 0 0 % J a n 9
1 40 A p r 9 162 J a n 21
1 9 0 M a y l l 194 J a n 5
12 J ’ n e lO 19 % J a n 9
20 J ’n e lo 36 Jan 8
3 M a y 23 17 % J a n 12
3 0 M a y 2 2 5 0% J a n 14
83 J ’ n e lo 99% Jan 6
1 1 3 % J ’ n e 8 119 J a n 27
15 J ’ n e l o 3 1 % J a n 10
5 6 J ’n e lo 72 J a n 9
2 5 J ’n e lO 4 8 J a n 8
161 A p r 14 1 8 3 % F e b 2
2 4 0 A p r 13 2 7 6 % J a n 8
2 5 % J ’ n e lO 43 F e b 9
82 % J ’ n e lO 9 0 % F e b 9
3 7 A p r 14 4 7 % J a n 8
1 2 % J ’ n e lO 2 0 % J a n 2
21 J ’n e 9 39% J a n 2
6 4% J ’ n e l o 9 0 J a n 6
9 % J ’ n e lO 1 9 % F e b 16
1 4% J ’ n e lO 2 9 % F e b 16
2 8 % J ’n e lO 4 2 % J a n 9
6 2 % A p r 13 7 4 F e b 5
4 7 % A p r 13 6 4 % F e b 5
59 J ’ n e l o 7 2 % J a n 8
8 5 A p r 15 91 J a n 8
5 5 A p r 15 74 % F e b 24
1 8 9 % M a y 2 b 2 0 9 J a n 22
7 7 M a r 12 8 5 J a n 9
12 J ’ n e lO 2 7 % J a n 5
91 J ’ n e l l 1 0 6 % F e b 2 o
9 0 J ’ n e lu 9 9 % M a r 2
1 3 0 % J ’ n elO 151 J a n 10
2 2 % J ’ n e lO 4 8 J a n 12
4 3 J ’ n e l l 7 7 % J a n 12
31 J ’ n e l o 47*0 J a n 6
7 4 J ’ n e 8 82 % F e b 26
2 0 J ’ n e lO 3 6 % J a n 12
3 9 % J ’ n e l o 6 1 % J a n 22
2 9 % J ’n e 12 4 0 M a r lO
§ 5 5 A p r 23 § 5 5 A p r 23
2 5 % J ’h e lO 5 3 J a n 8
103 J ’ n e 8 118
F eb b
334% Jan 5 3 3 4 % Jan 5
60 J ’n e lo 83 J a n 7
1 0 5 % J ’ n e lO 1 3 0 % J a n 8
1 3 4 % J ’ n elO 1 5 5 % J a n 14
8 3 J ’n e lO 1 2 8 % J a n 6
1 2 1 % J ’ n e l () 1 4 2 % J a n 6
2 2 % M a y l9 3 8 J a n 8
8 8 J a n 20 8 8 J a n 20
2 1 J ’n e l o 29 M a r2 3
1 02 M ay20 135 J a n 15
7 0 J ’ n e 2 11 0 J a n 9
1 08 A p r 16 118 F e b 2 7
4 9 % J ’ n e l o 7 9 % F e b 16
1 0 9 % J ’ n e 2 132% F e b 17
18% J ’ n e lo 3 0 % J a n 5
4 7 % J ’ n e l o 63 % F e b 10
9 9 J ’ n e l o 1 1 5 % F e b 10
1 0 3 % J ’ n e 8 114
F e b 16
1 7 % M a r 9 2 4 % M a y l3
34% M ar 2 47% M ay 27
1 2 4 % J ’n e l o 1 5 6 J a n 10
2 5 % J ’n e lo 45 J a n 7
10 6 M a r lb 11 8 J a n 16
73 J ’ n e l l 8 7 J a n 19
$187% M a y 25 2 2 5 % J a n 9
2 1% J ’ n e l o 3 5 % F e b 5
5 8 J ’ n e l o 76 % F e b 10
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5 0 J ’ n e lO 7 2 J a n 10
9 8 J a n 5 1 0 0 F e b 13
6 1 % J ’ n e 5 7 6 J a n 28
$123% J ’ n e 5 1 5 7 % J a n 10
20 J ’n e 8 39 J a n 8
7 8 % A p r 14 9 1 % M a y 7
900 60 J ’n e lo 94 J a n 7
100 10 0 M a y 21 115 J a n 17
2 5 3 ,1 2 5 4 1 % J ’ n e lO 6 9% J a n 2
2 ,5 9 0 8 0 % J ’ n e lO 8 9 % F e b 5
4 ,5 0 0 6 0 J ’ n e lO 81 J a n 6
2 3 4 ,6 - 5 31 % J ’ n e l o 5 3 % J a n 9
1 0 ,4 1 0 6 8 M a y2 8 8 6 J a n 9
5 5 A p r 6 72 J a n 2 8
9 J ’n e 9 1 5 % J a n 2
750
40 0 3 8 J ’ n e 9 5 8 J a n 5
15 M a y 2 8 2 4 % J a n 19
33
F e b 48 % M ay
63 JaD 7 7 % M ay
74% Jan
9 6% S ep
95% Jan
92% D ec
92
D ec 99
S ep
54% N o v 72%J’iy
110 A p r L‘2 8 A u g
139 A p r L45 S ep
112% J a n L45% S ep
M ay
71
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165 N o v L98 J a n
4 2 % D e c 5 7 % S ep
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68 N o v 79 J ’ l y
1 34% .Tan 220*4 J ’ ly
1 3 6 % S ep L51 J ’ly
22
D e c 35 A u g
8 9 % N o v 9 5 % J ’ ne
8 1 % D e c 9 0 14 J ’ ne
33 D e c 5 1 34 A u g
1GO % J a n
186 J a n
2 0 4 % J a n 271 A p r
2 3 0 J a n >74% A p r
152 Jan 206 S e p
140
F e b L70% A p r
1 9 4 % N o v 210 A p r
15 ~ D e c 2 4 7s A u g
29
D e c 4 4 S ep
10% J a n
23 A p r
4 4% M ar 6 0 A p r
93 ‘ N ov
11 8 J a n
1 4 % Jan
3534 J
’ly
5 9% J a n
79% A ug
28 Jan
6*3 % S ep
1 5 3 % N ov 1 84% Jan.
23 L N o v 297 F e b
3 5 % D e c 5 1 34 A u g
8 6 % D e c 9 6% A u g
35
D e c 5 3 % J ’ ly
13 F e b 2 5
S ep
2 6 D e c 4 8 14 S e p
75 J ’ n e 9 7 S ep
10 J a n
24 A ug
1 8 % J a n 3 5 34 A p r
2 8 % D e c 4 4 5q J a n
6 0 % D e c 7 5 34 J a n
41*o D e c 6 3 34 J a n
5 0 M a t 7 4 % M ar
82 M ay L0434 F e b
30 Jan
67 % D e c
1 8 1 % M a r 203 D e o
70 Jan
9 0 M ay
9 Jan
2 9 ha O c t
6 6 uan L06 A u g
81% Jan
98^ D ec
137 J a n L73% A u g
3 5 % D e c 5 1 34 A u g
65 N o v 9 0 % A p r
50% A u g
3 3% Jan
7 5 ~ D e c 88 A u g
39 A u g
1 9 Jan
4 4 Jan
62% A p r
13 Jan
41
S ep
4 5 Jan
84 A p r
40 D ec 71% Jam
1 2 0 O ct L38 F e b
3 2 5 A p r 340 A p r
7 2 % N o v 9 1 78 M ay
1 0 2 % J a n L59% A u g
1 2 8 M a r L58 N o v
109% M ay L 3 4 % J ’l y
135 O ct L74 F e b
35 D e c 4 3 J a n
8 9 M a r 9 1 34 M a r
20% D ec o l^ M a r
§ 1 5 0 M a r :L92 A p r
105 J a n L15 A p r
118 % J a n ;L2734 A p r
36% Jan
84 N ov
9 0 J a n ;L39 S ep i
22 % D o c 3 5 34 S e p !
51 Jan
6 9 34 S ep 9 6% M a r L25% S e p ’
8 0 J a n ;L22 A p r
c l4
D e c 2 1 34 S ep
3 1% D e c 4 5 % M a r
147 N o v ]L687s J a n
40 N ov 57% A u g
1 1 0 % N o v :124% J a n
8 0 N o v 1.0 0 A u g
2 0 9 % J a n S255 A p r
2 5 % D e c 3 7 % Sep<
80 % O c t
55 J a n
90
F e b 9 8 J ’l y
6 5 D e c 81 hi S ep
1 0 0 % J a n ].0 6 M a r
72 % D e c 8 4% S ep
147 J a n 1.7 0 S ep
3 0 N o v 47 % A p r ;
71
F e b 85 hi S ep
8 0 M ay 9 3
S ep
8 0 % J a n 1 0 5 hi S e p
113 M a r 1 2 8 May
5 2 % M a r 78h i S ep
79 '8 M a r 9 0 % S ep
60 J a n
8 0 78 S ep
33% D ec 50% D ec
71 N o v 8 5 % N o r
6 4 % D e c 1.25 A p r
10 D ec 24% A u g
49% D e c 8 1 % S ep
2 4 % N o v 42
S ep
B A N K S A N D TR U ST COM PANIES—BROKERS’ QUOTATIONS
Bonks
Banks
NEW YORK
A m e r ic a ^ . . .
A m e r E x c h ..
A s t o r ..............
B ow eryll___
B id
530
t2 4 8
75 0
370
150
162
175
700
340
B u tch ’s & Dr
C e n t r a l..........
C e n t u r y !)—
C h a s e ............
C h a t h a m ___
C h e ls e a E x c n
C h e m ic a l. . . . 42 2 5
C itiz e n s ’ ........ 185
A sk
550
1000
390
165
167
C i t y ................
C o lo n ia lli . . .
C o lu m b ia n -C o m m e r c e ...
C o n s o lid a te d
C’rn E xch gen
E a s t R i v e r ..
E q u it a b le . . .
F e d e r a l !f___
360
F id e lity i j ___
4325
195
F ift h A v e T ]..
F i f t h ................
F ir s t ................
Bui
280
405
375
1330
190
400
160
90
125
190
3700
375
t6 7 6
A sk
290
t3 6 0
196
412
100
130
200
4000
Banks
1 4 tli S tr e e t!!.
F ou rth . . .
G a l l a t i n ........
G a n s e v o o r t!!
G a r f i e l d ........
G e rm a n A in !)
G e rm a n E x!)
G erm a n ia !) ..
G r e e n w ic h 1j
H a m ilto n !) ..
H a n o v e r .. ..
Im u & T r a d .
I r v i n g ..........
B id
270
220
415
140
500
160
400
625
5300
170
590
640
235
A sk
300
230
430
170
310
610
665
250
Banks
J e f f e r s o n ! !...
L e a th e r M fr
L ib e r t y ____
L i n c o l n ..........
M a n h a tta n ^ .
M a r k e t <feFul
M e c h a n ic s ’ .
M e c h & TraV
M e r c a n t i l e ..
M e r c h E x c li.
M e r c h a n t s ’ ..
M e tr o p n e w !
M t M o r r is !!..
B id
155
300
625
1050
330
240
2S5
150
2S5
165
tl7S%
400
225
A sk
16 0
33 5
675
34 0
255
295
160
3 00
175
500
250
Banks
M u t u a l!!..
N a ss a u !! .
N e w A m ster
N e w Y o r k Co
N Y N at E x.
N ew Y o r k ...
1 9 th W a r d !!.
N orth A m e r.
N o r t h e r n ___
O r ie n ta l!]___
P a c i t i c l i ........
P a rk (n e w )..
| P e o p le ’ s!)___
B id
290
1 186
540
1 500
250
305
150
220
150
245
240
475
280
A sk
570
31 5
227
160
255
485
30 0
Banks
P l i e n i x ..........
P la z a !!............
P r o d E x c h !! R iv e r s id e !) . .
S e a b o a r d ___
S e c o n d ..........
Slioe<fc L e th .
S t a t e d ........ .
3 4 th S t r e e t ..
-12th W a rd !!.
2 3 d W a r d !]..
U n it e d ............
V a n c k !|........
B id
114
600
17 0
290
625
65 0
170
700
21 5
120
125
120
200
A sk
118
180
3 10
67 5
185
22 5
130
125
21 0
» B id a n d a s k e d p r ic e s ; n o s a le s w e r e m a d e o n th is d a y . § D ess th a n 1 0 0 s n a re s. l E x n g n t s . *| S ta te oanK s. a E x d iv id e n d a n d r ig h ts , b N e w s to c k ,
t S a le a t S t o c k E x c h a n g e o r a t a u c t io n th is w e e k , s T r u s t C o. c e r t ific a t e s .
c I n c lu d e s , p r io r to M a y 17, d e a lin g s in o ld M e x . N a t. t r u s t r e c e ip t s .
J un e 1 3
Stock Record—
, 1903.J
STOCKS—H IG H E S T A H D L O W E S T S A L E
M on d a y
June S
S a tu rd a y
J u n e fi
71
634
•16
30
494
2 4 7s
8 8 3i
70
> 7i
624
154
36 4
484
23
87
71
63**
10
40
50 H
254
80
70
63 4
17
39
494
244
88 4
T u esd a y
Jane 9
7o
*7i
6 1 7a
16
36
48 4
224
87 ®H
70
fll
63
16
37 4
494
234
884
27
26
274
20
284
$110 n o
*110
120
120
24
25
80
29 H
22
204 204
21H *21
40
40
41
40 4 414
91
92 4
95 4
9 1 4 93 4
*
1
4
5
149
150
81®*,
7 8 4 81
784 804
87
87
88
87
874
15
15
1 5 4 154
49
50
50
50 H
49 4 49 4
2 2 4 24 4
2 4 4 25*4
23 4 2 4 4
42
434
4 3 34 4 4 H
42 4 4 3 4
•22
23
2 L4 2 1 4
214 224
* 5 5 ' 60
57
57
•56
60
*34
36
*30
34
*34
36
19
19 4
1 9 4 20
•19 4 20*9
4 0 4 414
40
404
*41
43
*28*i
*115
..
21 4
41
94
*150
804
87 34
* 2 1 5 2 25
5 3 14 5 4 Hi
364 36<
87 4 8 7 4
3 5 " 35
•90
04
*29
35
* 1 8 8 19 5
$94
OH
?5 4
54
*
27
7 °s
7 7fc.
32
32
* m i , i --t i..
*32
41
21
21*4
*90
91*9
-2 4
4 Hi
18
18
46
464
93
03
*
120
*88
9 3 Hr
11 8 119*4
$ 1 2 0 121
*1 4 5
15 0
*5
12
*73
78
864 864
• 200 2 0 8
•73.
h
48 " 48
65 Hi 66
*221
225
2 2 4 22 4
52
534
5 1 4 54
35 4 3 6
35
35 4
87
8 6 4 87
87 4
3 4 4 34 4
34 4 3 4 4
*90
93
92
92 ^
35
♦25
28
28
190 190
189 18 9
0
9
9
9
6
5
54
*5
27 4 j ♦.......... 27
8
84
07
1 4 3 28 4
01
31 4 314
]
||L
*10
12
104
35 * $39
39
204 204
20 4 2 0 4
90
89
89
90
*24
-2 4
44
44
20
*18
17
174
454 454
45 4 4 6 4
9 3 4 94
934 934
120
*100
120
90
90
-8 9
93
1 1 6 4 1 1 7 4 1 1 6 4 11 8 4
118
11 8
11841184
* 145 1 4 9 4 *1 4 5
148
*5
11
*5
11
*73
78
-7 3
78
87
85
85
85
210
*201
*202 210
$84
84
*45
52
*47
52
65
67
6 4 4 65
15
15
1 5 4 154
19 0
19 2 4 1 9 0 1 9 3
111
111
11141114
2 8 7a 2 9 4
2 8 4 29 4
79
79
79
79 4
*132
13 4
*132
134
$26
26
2 6 4 26 4
176
1 7 4 4 1 7 5 4 174
14
144
1 4 4 15
69
69 4
$694 694
40
40
39
39
40
38
80
*78
13
*10
*10
13
38
3S
38
394
100
*9 9
9 8 4 99
1 5 34 16
16
164
86
86
* 8 5 4 89
15 0 15 4
15041544
85
85
87
884
27
26
26
264
96
974
964 984
53
534
53 4 5 4 4
86
87
8 5 4 86
$205
20 5
$208 2 08
29 4
29 4 2 9 4 *29
87
*85
85 34 8 5 4
1 3 4 14
134 144
74®8 7 4 4
754 754
23
23
234
234
*77
80
77
77
39 4 42
3 9 4 43
87
88
34
34
-3 4
4
34
34
5m
53
50
514
494 514
284
32 4 3 2 4
*82H i 37 4 *28
*9
10
0
9
*0
10
*70
73
70
70
*15
16
103 104
1 1 2 1 12
2U3s 2 9 4
*79
81
• 132 134
27
27
177
17 8
15
15 4
60 Hi 6 9 4
3 0 34 4 0 4
*38
4 3 Hi
*78
82
*10
12
$ 40
40
* 1 0 0 101 Hi
16
16*4
8 5 Hi 8 5 4
1 5 7 Hi 15 8
00
00
25*4 ‘2 7
0 8 84 9 9 4
55
55
$88*4 8 8 14
*205 2 10
*20
29 4
*85
87
14
15
74
75
234 234
784 784
*43
4 4 Hi
*105
11 2
$ 1 0 8 112
$111
111
8®8
8 7*
84
84
84
84
89
89
89 4
* 8 0 Hi 9 0
S9 4
1 7 4 18
18
18Hi
1 7 4 18
6 2 4 63
*63
64
62 4 63
* 1 3 4 14
1 3 4 13 4
134 134
-4 7
50
49
49H* *47 4 50
31
314 *294 304
313s 3 1 7g
80
81
81
8 1 34
794 804
55
554
57
57
554 564
$119
118
118
* 1 1 8 120
119
195
195
*190 210
$1.93 196
334 844
*83 4 8 4 4
83 4 8 3 4
178 182
178
181
180 4 181
*175
185
* 1 7 8 185
*178
182
W ednesday
J u n e 10
Concluded— Page 2
P R IC E S
T h u rsd a y
J u n e 11
F r id a y
J u n e 19
STOCKS
N E W Y O R K STOCK
EXCHANGE
70
71
S L LdfcS F r.J l ’ M & C o c tfs
69
69
6 9 4 69 4
78
*74
78
*7 4
*7 4
78
D o 2 d p r e f ....................
60
6 1 4 03 4
614
5 8 4 61
1 6 4 1 7 4 S t. L o u is S o u t h w e s t e r n ..
1 5 4 17
14 4 15 4
36
l ) o p r e f ...........................
35
36
38 4
38 4 3 9 4
4 9 4 51
S o u th e r n P a c ilic C o ..........
4 7 4 494
46
48
2 4 4 2 5 4 S o u th e r n v .t r . c fs . n un p ed
2 2 4 24
21
224
D o p r e f.
do
88
89
87 4 88 4
8 5 4 87
90
M . & O. s t o c k tr. c t f s . . .
90
85
85
P a c i f i c ...............
25
26
2 5 7s 2 7 4
2 8 4 29 4 r p e x a s
•110
118
L h ird A v e n u e ( N . Y . ) . . .
$116
118
112 4 1 1 5
25
20
20
23
27
27 4 T o le d o K ail w a y s & L ig h t
24
2 4 4 T o L S t. L . ifc \v. v . tr. c it s
1 9 4 20 4
2 0 4 23
D o p r e f. v o t . tr. c t f s .
45
42
40
414
44 4 4 5 4
89
90
94
95 4 T w in C ity R a p id T r a n s it .
914 934
D o p r e f ...........................
77
784
8 1 4 8 3 4 I f m o u P a c i f i c .....................
7 8 4 81 4
88
88
*87
89
' ) D o p r e f ...........................
8 6 4 87
15
14
1 5 4 U n it K y s l n v ’ t o f S a n F ran
13
1 5 4 *1 3
49
50
D o p r o f ...........................
45
49
4 7 4 484
2L
22 4
2 2 4 2 4 4 X I T a b a s h ................................
1 9 4 22
424
41
4 2 7s 4 4 4 » 7 D o p r e f .........................
4 # 4 42
22
2 2 34 W h e e lin g & L a k e E r i e . . .
204 214
20 4 2 1 4
-5 4
56
D o 1st p r e f ...................
57
58 4
5 2 4 55
D o 2 d p r e f ...................
33
34
35
3 0 4 30 4
344
W is c o n s in C e n t. v. tr. cfs.
19
2 0 4 21
20 4
1 8 4 19
D o p r e f. v o t . tr . c t f s .
40 4 4 2 4
39 4 4 0 4
4 2 4 43 4
I n d u s t r i a l & H is c c d l
225
*221
* 2 2 L 225
i d a m b E x p r e s s ...............
*221 225
i x m a lg a m a tc d C o p p e r ...
52 7a 5 5 4
51
534
55 4 57
33
33
34
35 4 3 6 4 A m e r ic a n C ar A F o u n d r y
344
D o p r e f ............... ........
88
88 4
86
864
8 6 4 87
A m e r ic a n C o tto n o i l ........
33
34
3 5 4 36
3 3 4 34®b
*90
93
D o p r e f ...........................
90
90
A m e r ic a n D is t.T e lc g r a p h
*26
32
2 6 4 27
* 2 6 4 27
-1 8 5
195
*186
196
$190
1 9 5 4 A m e r ic a n E x p r e s s ..............
9
15
A m e r ic a n G r a s s T w i n e . .
84
84
*8 4 12
L e a th e r—
5
5
54
54
54
5 4 A m e r H id e
* .......... 27
23
23
24
26
D e p r e f ...........................
$8
8
7*4
8
A m e r ic a n I c e .......................
84
84
D o p r e f ...........................
30 4 3 1 4
31
314
314 314
* 1 0 4 14
104 U 4
36
36
34
34
D o p r e f ...........................
A m e r ic a n L o c o m o t i v e .. .
2 134 2 4
1 9 4 20 4
204 214
D o p r e f ...........................
88
89 4
89
90
90 4 9 1 4
44
*24
44
*24
*2*4
4 4 A m e r ic a n M a lt in g ..............
*1 7
19
*17
19
*17
19
D o p r e f ...........................
444 454
454 464
4 6 4 4 6 4 A m e r . S m e lt ’ g<& R e fin ’ g .
D o p r e f ...........................
924 934
94
94
924 934
*90
120
*90
115
* 90
120
A m e r ic a n S n u ft....................
-8 8
93
*90
93
*88
93
A m e r ic a n S u g a r R e fin in g
11541174
1 1 7 4 1 1 9 4 1 1 9 4 121
D o p r e f ...........................
*119
1204
1184 1184
1 1 8 4 119
$ 1 4 9 4 14 9 4 $ 1 5 1 4 1 5 1 4 A m e r . T e le p h . & T e l e g . . .
*10
11
-lo
11
*10
11
A m e r ic a n W o o l e n ..............
*73
78
D o p r e f ...........................
*73
78
72
73
83
85
86
90
90
A n a c o n d a C o p p e r ................
884
2 0 0 4 2 0 0 4 2 0 4 20 5
20 7
2 1 4 4 O r o o k l y n U n io n G a s ___
8
8
O r u u s w . Dock<fc C .I in p ’ t
47
*47
50
47
B u t t e n c k C o ....................1 ..
*46
55
6 4 4 66
6 6 4 67
67 4 6 8 7s / C olorado F u e l & I r o n . . .
v y D o p r e f ...........................
15
17
18
C ol. tfc H o c k . C o a l <fc I r o n .
164
154 154
187
1 8 9 4 1 8 8 4 1 9 2 4 1 9 2 4 1 9 8 4 C o n s o lid a te d G a s (N . Y .).
112
112
113
C o n t in e n t a l T o b a c c o , p r e i
1 0 9 4 1 1 0 4 -1 0 9
29
29 4
C o rn P r o d u c t s .....................
2 9 4 30
2 8 4 284
79
79
79
D o p r o f ...........................
794
7 9 4 80
D ia m o n d M a tch
*132
134
*132
134
*130
133
25
26
2 6 4 27
2 7 4 ‘3 7 4 D is t ille r s S e c u r it ’ s C o rp .
1724176
G e n e r a l E l e c t r i c ..................
177 4 1 7 9 4 1 7 9 4 1 8 1
I n te r n a tio n a l P a p e r ........
15 4 16
134 144
144 154
6 8 4 6 8 4 * 6 8 4 6 9 4 x 6 7 4 6 8 4 1 D o p r e f ...........................
40
41
I n t e r n a t io n a l P o w e r ........
* 3 8 4 41
*3 6
42
*35
42
* 3 8 4 4 3 4 I n t e r n a t ’l S te a m P u m p ..
*77
80
D o p r e f ...........................
78
78
* 7 8 4 80
10
10
11
M a n h a tta n B e a c li..............
*8
*9
10
38
394
3 9 4 4 0 4 V f a t i o n a l B is c u it ..............
374 374
*96
9 8 4 *9 8
D o p r e f ...........................
1014 * 994103
154 154
1 6 4 1 7 4 N a t io n a l L e a d .......................
1 5 4 16
89
D o p r e f ...........................
*86
*86
89
* 8 5 4 89
150
150
150 151
1 5 2 4 1 5 2 4 N e w Y o r k A i r B r a k e ........
83
84
84
N o r t h A m e r ic a n C o ., n e w
87
89
864
2 5 4 26
V > a c ific M a il.........................
26 4 274
2 7 4 28
95
9 3 58 96
96
9 6 4 9 8 4 C e o p . Gas-L.<fc C. (C h ic .)
51
52
514 544
5 3 4 55 4 P r e s s e d S te e l C a r ................
D o p r e f ...........................
85 4 8 5 4
86
874
8 7 4 884
210
210
*207
212
2 0 7 4 210
P u llm a n C o m p a n y ..............
29
29
3 0 4 I > a ilw a y S te e l S p r i n g ...
2 9 4 2 9 78 - 3 0
87
l V D o p r e f ...........................
*82
*82
87
* 8 3 4 87
134 134
1 3 4 15
1 5 4 1 5 4 R e p u b lic I r o n & S t e e l . . .
D o p r e f ...........................
7 3 4 74
74 4 7 4 4
75 4 7 6 4
2 2 4 23
2 3 4 2 4 4 R u b b e r G o o d s M f g ..............
234 234
*76
78
77
D o p r e f ...........................
774
7 7 4 78
41
4 3 4 C lo ss -S h e tlie ld S t. <& I r o n
3 8 4 40 4
4 0 4 41
O D o p r e f .....................
34
34
*34
?3*-2
:ih S ta n d a rd R o p e <fe T w i n e . .
44
4 7 4 50
50
52
54 4 T e n n . C oa l, I r o n & R R . . .
514
36
*32
36
T e x a s P a c ific L a n d T r u s t
3 2 4 32 4 *32
. -9
..........
•8
94
9 4 I T m on B a g & P a p e r ..
70
70
*70
72
7 2 4 VJ D o p r e f .......... ................
U . S. C a s t I. P ip e & F o u n .
D o p r e f . .. * .................
*1 0 5
112
*1 0 5
115
115
115
U n ite d S ta te s E x p r e s s . . .
84
84
94
94
9 4 U n ite d S ta te s L e a t h e r ___
84
90
89
D o p r e f ...........................
8 8 4 89
x 8 8 34 90
174 174
174 174
17 4 1 7 4 U S R e a lty «fe C o n s tr u c tio n
D o p r e f ...........................
624 624
62 4 62 4
6 1 4 62
U n ite d S ta te s R u b b e r ___
12 4 13
124 134
1 3 4 14
D o p r e i ...........................
46
46 4
4 6 4 46 4
47
484
2 8 78 2 9 4
3 0 4 3 1 4 U n ite d S ta te s S t e e l............
294 304
D o p r e f ...........................
7 9 4 81
78 4 794
80 4 814
52 4 5 4 4
53 4 5 4 4
55
5 6 4 V ir g in ia -C a r o lin a C h e m ..
120
D o p r e f ...........................
$120
120
$ 1 1 8 4 1 1 8 4 *1 1 5
30
30
V ir g in ia I r o n C o a l & C o k e
2 7 4 2 7 4 V u lc a n D e t i n n i n g ..............
D o p r e f ...........................
*190 210
*190 210
V 17 e lls ,' F a r g o & C o ........
$198 200
83
83 4
84
8 4 4 > 7 e s t ’ n U n io n T e le ’ g p li
834 844
180
180
ISO
180
1854192
W e s t’ g k ’s e E l& M fg a s s e n
*175
182
180
180
D o 1 st p r e f ....................
* IS2
190
1287
R a n g e to r R reviou t
R a n g e to r Y ea r 1903
S a les ot
On basis 0 / 1 00 -sh a re lots
Y ea r ( 1 9 0 2 )
the
Week,
H ig h e st
Low est
H ig h e st
Low est
S h ares
2 ,5 0 0
554
77
65 4
24 4
55 4
56
28
894
9o
37
122
32 4
184
35
107
156 4
93 4
864
20
Jan
D ec
D ec
D ec
M ai
D ec
D ec
D ec
6 3 4 A p r 14
78
A p r 16
5 ,6 1 0 5 8 7mJ ’iie lO
5 ,8 0 0 1 4 4 J ’ n o lO
1 3 ,2 2 0 35 J ’ u elO
1 4 7 ,3 9 0 4 6 J ’ n e l o
9 2 ,4 4 5 21 J ’ n elO
6,181 8 5 4 J ’ n e lO
200 8 5 J ’ n e l o
3 6 ,6 l 0 25 J ’ n e l o
. ,. < 112 V* J ’ n e l o
1 ,3 0 0 20 J ’ u e i o
3 ,6 8 5 1 9 4 J ’ u e i 0
M ay 2 5
5 ,9 2 0 3 8
24,711 8 7 4 J ’ h o 2
. . . . . . 15 5 J ’ n o 2
4 3 4 ,0 4 3 77 J ’ n e l o
2 ,5 7 0 8 6 Hi j ’ n e l o
1,294 13 J ’ u e i o
3 ,8 0 0 45 J ’ n e lO
2 1 ,0 9 0 1 9 4 J ’ n e l o
4 8 ,5 6 0 40 4 J ’ n e l o
4 ,2 8 0 2 0 4 .1 ii' 1<»
1 ,3 1 0 51
A pr 3
1 ,1 6 0 3 0 H>J ’ n e lO
8,180 18 4 J ’ n e lu
6 ,4 0 7 39 4 J ’ n e l o
9 0 4 F e b 24'
hh
F e b 20
78
F e b 24
,;i) J a n
66 J a n 7|
6 8 4 M a rlO
3 6 7„ J a n 9i
96
F e b 1*1
9 6 4 M a r 3|
43*4 F e b l o
1 2 8 4 Jan 2
3 7 4 J a n 12
3 1 4 Jan 9
48 J a il 8
1 2 2 4 J a n 23
159 J a n 12
1 0 4 4 Jan 9
95 4 F e b 11
2 2 4 J a n 13
6 4 4 Jan 6
3 2 4 F e b 27
5 5 4 F e b 24
27 4 F e b 9
62 M ay 2 2
3 8 4 F e b 10
29 4 F e b 9
5 5 4 F eb 6
180
2 7 4 ,0 6 0
1 1 ,8 5 0
1 ,9 0 0
3 ,7 2 0
2 10
30W
385
550
1, 4ou
5 09
2 ,5 2 0
2 ,9 9 0
450
27b
1 2 ,3 4 0
3 ,4 6 0
. — ..
200
17,.> 11
2 ,8 9 0
______
15 0
4 7 ,4 1 8
678
55
......
200
3 ,5 2 5
2 ,0 7 5
12 0
200
4 ,8 5 0
235
F e b 11 $ 1 9 8 J ’ ly
53 N o v
7 5 4 M a r l2
4 1 4 J a n 19 2 8 4 A p r
93 J a n 6 8 5 4 Jan
3 0 4 Jan
4 6 4 F e b 20
86
Feb
98
F e b 13
4 1 4 J a il 2 3 2 4 J a n
235
F e b 5 210 Jan
D ec
2 9 4 J a n 7 27
8 4 D ec
11 4 J a n 2
D ec
3 7 4 J a n 6 34
1 1 4 Jan 2
9 4 J ’ ly
4 2 4 J a n 3 0 32 J ’ ly
14 D e c
1 9 4 Jan 6
4 8 4 J a n 6 39 4 D e c
3 1 4 F e b 17 2 3 4 D e c
9 5 4 F e b 17 89 Jan
5 Jan
5 4 F e b 26»
2 4 4 J a n 10 21 J a n
37 N o v
5 2 4 F e b 17
9 9 4 F e b 16 87 4 N o v
126 M a r 4 4 0 4 Jan
9 8 4 J a n 20 8 5 J a n
1 3 4 4 J a n 8 113 N o v
122 F e b 13 115 J a n
169 F e b 18 1 0 0 4 J a n
12
D ec
1 4 4 F e b 25
73 A p r
HO J a il 31
80 D ec
125 4 F e b 25
2 2 5 J a il 21 2 1 0 J a n
7 4 D ec
15 4 J a n 2 9
5 5 J a n 6 41 J ’ ne
8 2 4 Jan 6 7 3 4 A ug
122 J a n 3 $ 1 3 0 J a n
1 4 4 Jan
2 2 4 F e b 18
D ec
222
Jan 7 205
119 J a il 2 114 D e c
35
M a r2 3 1 2 6 4 D e c
7 9 4 D ec
8 5 4 J a n 19
140 J a n 19 1 3 0 4 J a n
3 4 4 J a n 6 27 ‘ D ec
204
F e b 16 o l7 0 4 O ct
1 9 4 J a n 5 16 4 D e c
D ec
7 4 4 F e b 6 70
D ec
7 3 J a n 19 4 9
D ec
4 6 4 M ay 8 4 0
D ec
8 9 4 J a n 12 8 2
9
O ct
13 M a y l3
40 N ov
4 7 4 F e b 17
1 0 6 4 M ay 11 1 0 1 4 D e c
29 4 F e b 5 1 5 4 J a n
7 8 4 Jan
95
F e b lU
177 J a il 2 1 4 8 M a r
1 2 4 4 J a n 7 88 Jan
4 2 4 J a n 7 37 N o v
1 0 8 4 F e b 10 9 8 4 J a n
39 J a n
6 5 4 J a n 26
95
F e b 20
8 2 4 F eb
2 3 5 4 J a n 14 2 1 5 J a n
37 F e b 9 2 4 A p r
90
F e b 25 8 0 A p r
1 5 4 Jan
2 2 4 F e b 18
68 Jan
8 0 4 F e b 18
3 0 F e b 16 1 7 4 F e b
63 J ’ly
8 4 4 F e b 17
2 9 4 J an
72
F e b 25
9 7 4 F e b 18 8 0 4 May
4 Jan
6 4 F e b 11
49 4 D e c
6 8 4 M ar21
4 0 4 J a n 7 35 Jan
15 J a n 19
1 1 4 N ov
7 9 4 J a n 8 72 J a n
1 0 4 M av
15 F e b 2 0
55 F e b 25 4 2
M ay
1 5 0 4 F eb 4 97 Jan
15 4 F e b 11
1 0 4 D ec
7 9 78 J a n
9 6 4 M a y l2
2 8 4 J a n 2 20 N ov
73 J a n 2 6 4 4 N ov
14 Jan
1 9 4 F e b lU
5 8 F e b 10 4 9 4 D e c
3 9 4 F eb 0 2 9 4 D ec
8 9 4 Jan 7 79 D ec
6 6 4 F e b 19 54 D e c
1 2 8 4 F e b 18 1 2 0 D e c
3 9 4 F e b 25
3 3 4 J a n 9 29 4 N ov
81 ‘ J a n 19 7 8 4 O c t
2 4 9 4 F e b 6 $185 Jan
9 3 J a n 14
S 4 4 J ’ly
221 J a n 7 1 6 9 4 Jan
2 2 4 J a n 7 1 80 J a n
1^800
2 1 ,6 4 8
1 ,5 6 0
3 ,6 8 6
1 ,3 3 5
1 ,6 7 3
8 ,1 0 u
4 ,9 5 0
1,705
1 ,8 0 0
30 0
30 0
100
2 ,0 1 5
20 0
6 ,4 2 5
300
l,b lO
5 ,3 1 5
2 ,8 0 0
4 1 ,8 3 5
1 0 ,0 3 0
2 ,0 2 7
33 0
70 0
100
1 1 ,2 3 5
1 ;8 1 1
2 ,6 0 0
700
6 ,4 0 0
20 0
800
2 6 ,8 0 5
500
70 0
500
190
1 1 ,9 2 0
6 ,2 1 8
9 ,9 5 0
2 ,3 1 0
1 ,9 0 0
1 ,0 5 0
1 5 1 ,0 2 7
7 6 ,2 4 9
6 ,5 6 5
155
100
30 0
280
5 ,2 6 0
2 ,5 0 0
10 0
$ 2 0 4 J a n 30
51 J ’ u e 6
33 J ’n e lo
8 6 J ’ u elO
3 3 J ’ n elO
9 0 J ’ n elO
2 6 HaJ ’ n e l o
189 J ’ n e 8
8 Hi J ’ u elO
5 J ’ne 9
23 J ’ n e l l
5 4 M a rlU
26
M a rlO
9 78 M a y 29
3 4 J ’ n e l2
1 9 4 J ’ n e lO
88 J ’n e lo
2 Hi M a rlO
17 J ’ n e 9
4 2 4 Jan 3
9 1 4 A p r l3
1 2 2 4 A p r 27
90 J ’ne 8
1 1 5 4 J ’ n e lo
118 J ’ n e 5
150 J ’ u e 5
11
J’ n e 5
7 2 J ’ n e l2
83 J ’ n e lo
2 0 0 4 j ’ n e lo
7 78 J ’ n e 4
47 J ’n e l l
54 A p r 3
122 J a n 3
15 J ’ n e 5
187 J ’ n e l o
1 0 9 4 J ’n e lo
2 8 4 J ’ n e lO
7 8 4 J ’n e 5
$1334 J ’ n e 5
2 5 J ’ n e lO
1 7 2 4 J ’n e lo
1 3 4 J ’n e lO
6 7 4 J ’ n e l2
384 J ne 5
38 J ’n e 8
7 8 M a y 29
1 0 J ’ n e lO
3 7 4 J ’ n e lO
9 8 4 J ’ne 9
1 5 4 J ’n e lo
85 4 J ’ n e 6
150 J ’ne 8
83 J ’n e lo
2 5 4 J ’ n© 6
9 3 4 J ’ n elO
51 J ’ n e lO
85 4 J ’n e lo
2 0 7 4 J ’ n e lO
2 8 4 M ay2 5
8 0 M ay 14
1 3 4 J ’ne 9
7 3 4 J ’ n e lO
2 1 4 Jan 5
7 2 4 Jan 2
3 8 4 J ’ n e lO
87
M a y2 8
3 4 J ’ n e lO
4 7 4 J ’ n elO
32 4 J ’ n e 9
9 M a y l6
6 8 M ay 14
12 A p r 25
5 0 A p r 21
10 8 J ’ n e 5
7 4 J ’n e 2
8 7 4 J ’ne 2
1 7 4 M a y2 9
6 1 4 J ’n e ll
1 2 4 J ’n e lo
46 J ’ n e lo
2 8 7e J ’ n e lO
7 8 4 J ’n e lO
5 2 4 J ’n e lo
11 8 J ’ n e 2
27
J ’n e 5
2730 J ’ n e 4
7 8 4 A p r 13
$193 J ’n e 6
8 1 4 M a y2 5
178 J ’ ne 6
1 8 0 J ’n e l l
60
214
37
17
49 4
28
194
39 4
D ec
Jan
N ov
J an
Jan
Jan
A ug
D ec
M ar
D ec
D ec
Jan
D ec
Jan
Jan
Jan
Jan
Jan
8 5 4 J ’ ly
9 0 J ’ljr
8 0 4 J ’ ly
39
A ug
hu S ep
8 1 4 S ep
4 1 4 Aug
98 4 A p r
93
N ov
5 4 4 S ep
134
F eb
3 8 S ep
33 4 O c t
4 9 4 S ep
129 A u g
159 4 1 eh
113 4 A ug
95
Aup
2 1 7e O ct
6 6 N ov
3 8 4 S ep
54 4 S ep
3 0 4 Sep
66 A pr
4 2 4 S ep
31
Aug
ot 4 A ug
$240 O ct
79 F e b
3 7 4 O ct
9 3 4 O ct
574 A pr
99 4 A pr
4 2 4 M aj
265 A ug
62 4 A u g
1 3 4 O ct
43 4 S ep
3 1 7e J a n
67 J a n
28
A pt
58
M ar
3 6 4 A pr
1004 A pr
7 4 May
29
S ep
4 9 4 M ay
100 4 J ’ ne
13 5
O ct
101
O ct
1 3 5 4 M ar
122 A u g
186 A p r
1 7 4 Jan
8 0 4 S ep
146 F e b
253 A ug
1 4 4 A pr
53 S ep
1104 A pr
$140 M ar
2 4 78 O c t
2304 A pr
1 2 6 4 J ’ ne
3 8 4 M ar
9 0 M ar
1 3 9 4 Jan
33 D e c
334 A p r
23 4 M ar
7 7 4 Jan
19'.* A p r
5 7 4 M ar
95 O c t
19 A p r
5 3 4 M ar
109 4 A p r
32 S ep
96 O ct
196 A p r
134 S ep
4 9 4 M ar
1 0 9 4 S ep
63 4 O c t
9 6 4 O ct
250 A p r
3 8 4 Sep
9 0 4 O ct
2 4 4 sep
8 3 4 S ep
2 5 4 A pr
7 4 4 M ar
83 S ep
9 5 4 S ep
8 4 A pr
744 A pr
4 4 4 F eb
184 A pr
85 A p r
17
O ct
59
Sep
160 A u g
1 5 4 Sep
9 1 4 sep
32
O ct
7 5 4 O ct
1 9 4 O ct
6 4 A lar
4 6 4 Jan
9 7 4 Jan
764 A pr
1 3 4 4 S ep
33 4
814
$255
97 4
23 3
23 4
N ov
D eo
Aug
Aug
S ep
Anr
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks
Wash.H’htsf]
West SideH..
W estern new
Yorkvillell ..
BROOKLYN
A tlantic U ...
Borough!]__
Broadway! ..
Brooklyn!) ..
Con’yI<fcBB!
8tli WardU ..
First.............
A sk
B id
B anks
200
BROOKLYN
560
Manufactrs’ .
387 4 3924 Mechanics! .
Merchants’ ..
375
Nassau........
Nat City.......
105
North SideH.
125
People’sTl___
17tli Ward!).
300
Sprague.......
135
Stuy v’ t Htsl,
140
U nions........
80
Wallaboutll .
380
B id
350
225
115
360
305
215
215
140
200
175
150
140
A sk
360
315
220
Trust Cos*
N. Y. CITY
Bankers’ Tr.
Bowi’ zGreen
B roaifwayTr.
C’ IR’tyB&Tr
Central T r’st
City Trust__
Colonial.......
Continental.
Eastern T r..
Empire State
Equitable Tr
B id
300
235
155
565
2100
350
375
690
160
180
1750
A sk
*245
165
590
2350
370
385
L70
185
Trust Co’s
Exchange Tr
Farm Lo&Tr
Fifth Ave Tr
Guaranty' Tr
Guardian Tr
Knick ’rb ’k’r
Lincoln T r..
M cV’ck’ rRty
Manhattan /
Mercantile
Merchants’
Metropolitan
MortonTrust
B id
1450
590
715
195
860
360
240
500
1000
A 8k
1500
610
740
202
87U
380
250
1100
310
615 " 630
1025 1050
Trust Co’s
Mut. Alliance
N Y Life<fc Tr
N Y Sec<fe Tr
North Amer.
Real Est Tr’ t
StandardTr’t
Tr Co of Am.
TrCo of llpbc
Union Trust
U S Mtg<fc Tr
Unit States .
Van N’denTr
B id
240
1150
1325
285
390
365
260
70
1400
475
1600
240
W a s h in g t o n . 400
A sk
260
1200
1375
295
410
380
275
Trust Co’s B id |A s k
Windsor....... 215 230
BROOKLYN
Brooklyn Tr
Flat b u sh ___
F ran klin ___
Hamilton___
Kings C o ___
1440 L Isl L & T r.
490
Nassau........
1650 People’s .......
Williamsb’g.
250
470 *485
175 ........
370 ........
325 ........
430*0........
315 ........
270 ........
380 390
270 275
* B id a n d a s k e d p r ic e s ; n o s a le s o n th is d a y . $ L e s s th a n 1 0 0 sh a re s, t E x r ig h t s , d J . P . M o r g a n <fc C o. c e r t ific a t e s .
t S a le a t S t o c k E x c h a n g e o r a t a u c tio n th is w e e k , o E x s t o c k d iv id e n iL s T r u s t C o. c e r tific a t e s . !] B a u k s m a r k e d w it h a p a r a g r a p h (U) a r e S ta te b a n k a
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
O C C U PY IN G
BONDS
^
j
T r ic e
F r id a y
J u n eJ 2
K . Y. ST O C K E X C H A N G E
W e e k E n d in g J une 12
B id
U. S . G o v e rn m e n t
TJ S
us
us
V s
us
V s
17
17
17
17
17
17
17
17
S
S
S
S
S
S
S
S
Q-J
Q-J
Q-J
Q-J
Q -F
g -f
Q -F
q -F
Q -J
Q-J
Q -F
Q-F
re g is te r e d ................. 19U4 Q-F
c o u p o n ........................ 1904 Q -F
c o n s o l c o u p o n ___ d 1
c o n s o l r e g s m a l l . .t i l
c o n s o l c o u p s m a ll. d l
r e g is t e r e d . ........ Jcl
c o u p o n .................... CT
r e g s m a ll b o n d s ..A:]
c o u s m a ll b o n d s ../c l9 1 S
r e g i s t e r e d ...............7 il9 0 7
c o u p o n ....................h 11) 0 7
r e g i st e r e d .................. 1 9 2 5
c o u p o n ........................ 1 9 2 5
105%
106%
......
......
107%
108
j
W eek ’ s
R a n g e or
L a s t b a le
A sk L ow
106%
107
......
......
108%
108%
1 0 6 % ..........
n o
in
111
112
1 3 5 % 136
135% 1 3 6 %
10 J % 103%
102% 103%
R a n ge
S in ce
S 'o
^ sc J a n u a r y 1
H ig h
106
106
106
106%
...... ....
..................
1 0 7 % J ’ lie ’ 03
107% May*(J3
107 J ’ n e ’ 02
107 % M a v ’ 03
n o
iio
110% M a y ’ 03
1 3 5 % M a y ’ 03
137 % M a r ’ 03
103% D e c ’ 02
103 4
103*4
A o L ow
H ig h
3 106
2s| 1 0 6
....
.... 1
___ 1 107
.. J 1 0 7 %
106%
107%
io s %
109
107% 108%
1 109 1 1 1 %
.... 109% 112
. . . . 135 1 3 6 %
136 1 3 7 %
1 103
9 4 .......... 9 5 % F e b *02
T h e s e a r e p r ic e s on th e o a s is of fo u r m a r k s to 0
97 % .......... 98 A p r ’ 03
17 S o f M e x ic o s l g 5 s o f 1899 Q-J
1 hese a r e p r ices o n th e 0 is is
S ta te S ecu rities
A la b a m a c la s s A 4 to 5 ____1906 J - J
104% S e p ’ 02 . . .
C la s s B 5 s ..............................1906 J - J
109% O ct ’ 0 (» . . . .
C la s s C 4 s ..............................1906 J - J
102% M a r ’ 02
.......... |111 M a r ’ 02
C u r r e n c y fu n d in g 4 s ___ 1 9 2 0 J -J
D i s l o f C o lu m b ia 3*6 5 s____1924 F-A 1 3 1
.......... 1 2 1 M a r ’ 03
L o u is ia n a n e w c o n s o l 4 s . . 1914 J -J
106 A p r ’ 03
S m a l l ................................................
1 0 9 % B'e b ’ 99
M is s o u r i fu n d in g ___ 1 8 9 4 -1 9 9 5 J -J
. . . .j
Y u s’ * m i n 104 “ N o v ’ 02
N o r t h C a r o lin a c o n s o l 4 s . 1910 J - J
6 s ............................................... 1 9 1 9 A-O
1 3 6 % J ’ l y ’ 01
S o C a ro lin a 4 Has 2 0 -4 0 ......... 1933 J -J
120 M a r ’ OO
T e n n n e w s e t t le m e n t 3 s . .1 9 1 3 J - J
9 8 % .......... 97 M a y ’ 03 . . . .
S m a l l ................................................ J - J
*94
.......... 9 4 % M a y ’ 03 . . . .
Virginia fu n d d e b t 2 -3 S ...1 9 9 1 J - J
9 3 % ......... 9 8 % O c t ’ 02
J -J
t>s d e fe r r e d B r o w n B r o s c t f s ,
7 % S ale
7%
7 % 26
103%
n e d o Liar.
96% 98%
o f $5 to £ .
12i
106
121
106
......................
95
94%
7%
97
94%
12
A
B
Q-J
A -O
A -O
N ov
N ov
M-N
VI- S
J -D
M -S
J -J
Q-J
A -u
Q -J
IVI-S
M-N
Q -F
M-N
J -J
Q-J
F -A
M-S
M -S
A -O
J -J
F -A
J -D
95
..........
9 9 % S a le
90
S a it
8 8 % S ale
4 9 3 % 96%
94%
94%
313 9 9 % 1 0 2 %
99%
100
100
100
4 100
102%
15 8 S % 92%
88%
90
9 4 % A p r ’ 02
85
‘ 8 8 % 85 85
92%
iio
.......... 114% O ct ’ 02
92
93%
9 2 % S a le
93%
94%
9 4 % J a n ’ 03
102%
101 1 0 1 % 1 0 1 %
102 % M a y ’ 03
103 A p r ’ 03
89
89
.......... 89
93%
94%
9 5 % S ale
8 9 % S a le
95%
96%
88%
89%
9 0 % J ’l y ’ 02
1 1 4 % J ’ n e ‘ 02
1 0 2 % .......... 108 S e p ’ 02
115
116
116
PAG ES
1
Foreign Government
Frankfort-on-Main 3%s ser 1.. M -S
R a ilr o a d
la b a m a C e n t S ee S o B y
la b a M u ll b ee S a v F la & W
A lb a n y 6c S u s q b e e D e l 6c H u d
A lle g h e n y V a lle y Nee P e n n R R
A lle g 6c W e s t b e e B u n R 6c P
A m l ) o c k ( k l i i i See C e n t o f N J
A u n A r b o r 1 s t g 4 s .......... /t l9 9 5
A tch T 6c S F e g e n g 4 s . . . 1 9 9 5
R e g i s t e r e d ............................ 1995
A d ju s t m e n t g 4 s ............ 7 il9 9 5
R e g i s t e r e d .................... 7 il9 9 5
S t a m p e d ...................... 7tl995
C h ic 6c S t B o u is 1 s t 6 s . .1 9 1 5
A t l K n o x 6c N o r 1st g 5 s . . 1946
A t la n t i c C oa st 1 s t g 4 s .7 i l 9 5 2
A t la n t i c 6c D a n v b e e S o u th R y
A t la n t i c 6c Y a d k b e e S o u th R y
A u s t in 6c N W b e e S o u P a c ific
•at C r e e k 6c S b e e M ic h C ent
alt<fc O h io p r io r l g 3 % s . l !
R e g i s t e r e d ........................ /i l9 2 5
G o ld 4 s ................................7 il9 4 8
R e g i s t e r e d ................... h 1 9 4 s
C o n v d e b 4 s .........................1911
P J u n < f c M l ) i v 1 st g 3 % s l9 2 5
R e g i s t e r e d .................... p l 9 2 5
P L E d ' W V a S y s r e f 4 s l9 4 1
S o u t h w D iv 1 s t g 3 % s . . . l 9 2 5
R e g i s t e r e d .................... /<1925
M o n o n R iv 1 s t g u g 5 s . .1 9 1 9
C en O h io R 1 st c g 4 % s . . l 9 3
B e e c h C r e e k b e e N Y C 6c H
B e lle v 6c C ar b e e I llin o is C en t
B k ly n 6c M o n t a u k b e e L o n g i
B r u n s & W e s t b e e S a v Fl<fc W
B u ffa lo N Y 6c E r ie b e e E r ie
B u ffa lo R 6c P g e n g 5 s . . . 1937
A 11 6c W e s t 1 s t g 4 s g u . . l 9 9 i
C l 6c M a li 1 s t g u g 5 s ___ 194o
R o e h 6c P it t s 1 s t g 6 s . . . 1 9 2 1
C o n s o l 1 s t g 6 s ..............1 9 2 i
B u ffa lo & S o u t h w e s t b e e E r a
B u ff & S u sq 1st r e f g 4 s. d 1951
R e g i s t e r e d ....................... d 19 51
FOUR
76
95
56 9 2 % 95%
....
94
94%
109 9 9 % 1 0 3 %
. . . . 100% 102%
. . . . 100 1 0 6
1 89
91
8
54
J ’ n e ’ 03
95%
87%
97%
89%
115% 1 1 8 %
103 A p r ’ 9 7
1 2 4 1 2 5 % 125 M a r ’ 03 ___
1 2 1 % ......... 1 2 5 % J a n ’ 03 —
J -J
103 J ’ n e ’ 02
J -J
J -D 1 0 1 % 102
102% J ’ n e ’ 03
A-U .......... 120
121 A p r ’ 03
A -O
120% M a r ’ 03
118 J a n ’ 02
C R I F & . N W 1 st g u 5 s . 1921 A -O
J -D
M 6c S t L 1 s t g u g 7 s ----- 1 9 2
J -J
105
20
1 0 4 % S ale 1 0 4 %
VI- s 1 0 5 % .......... 106 J ’ n e ’ 03
M -8 * 1 0 4
R e:
.......... 1 0 4 % M a r ’ 03 . . . .
C a r b 6c S h a w n b e e 111 C e n t
C a r o lin a C e n t S 'ee S e a b cfcR o
C a r th a g e A A d b e e N Y C 6c 11
C ed R l a F 6c N b e e B C R 6c N
C en B r a n c h U P 1 st g 4 s . . . 1948 J -D
92 J ’n e ’ 03 . . . .
C en B ra n ch R y bee M o P ac
C e n tr a l O h io b e e B a lti 6c O liic
1 0 8 % A p r ’ 03
C e n R R 6c B o f G a c o l g 5s 1937 VI-N 1 0 4 % 106
C e n t o f G a R R 1 s t g 5 s . .p l 9 4 7 F -A * .......... 1 2 0
122% J a n ’ 03
F -A
M-N 105 Sale 1 0 4
105
44
M-N
105 % S ep ’ 01
O ct
7 3 % Sale
72%
7 3 % 47
O ct
32% 45
*32% 33% 31%
O ct * .......... 2 3 % 2 3 %
23%
7
J -D
92 A u g ’ 02
J -J
1 0 8 % S e p ’ 02
102 J ’ n e ’ 99
M id G a 6c A t l D iv 5 s ----- 1947 J -J
J -J
1 1 2 % A p r ’ 02
J -J
11 3 2 % M a y ’ 03
R e g i s t e r e d ....................71198' Q -J 1 3 0 % .......... |130% J ’ n e ’ 03
J -J
Ill
.......... 1113% A p r ’ 03 L ...
C;
92
125
125
128
125%
100% 105
120
122
120% 120%
1 0 3 % 105
105 % 1 0 8 %
104% 1 0 4 %
92
94%
106% 107%
122% 122%
1104
72%
31%
23%
109
80
39%
27
1 28% 134
!i 2 8 % 1 3 3 %
il 13
113%
BONDS
N. Y. STOCK E X C H A N G E
W
eek
E nding J une 12
T r ic e
F r id a y
J u n e 12
B id
A sk
C e n tr a l o f N J — (C o n tin u e d )
L e 6c H u d R g e n g u g o s 1 9 2 0 j J
L e h 6c W il k s B C o a l 5 s . .19121 m N 1 0 0 S : .........
C on e x t g u a r 4 % s ___ g l O l u j o m ! 1 0 0 % 1 0 1 %
N Y 6c L o n g B r g e n g 4 s 1941 M-S
C e n t P a c ific b e e S o P a c ific C o
C h a r le s 6c S a v 1 s t g 7 s ___ 1 9 3 b J
108’ *
C lie s 6c O h io g 6 s s e r A ..& 1 9 0 8 A ..........1 13%
G o ld 6 s ........................
a-1911 A 1 st e o n s o l g 5 s .................... 1 939 .VI.......... 1 1 6
* 1 1 3 % ..........
R e g is te r p X ........................1 9 3 9 i\fl
104
S a le
G e n e r a l g o ld 4 % s ...............1 992 I.VI
R e g i s t e r e d ........................ 1 992 !MC
„ r a ig
_ V a lle .y 1 st ,w 5 s ----- 1 9 4 6 J
l i 6c A D iv 1 s t c o n g 4 s . . 1 9 8 9 j .
! ! ! ! ! ib i%
2 d c o n s o l g 4 s ..................1 989! j .
.......... 9 8
W a rm S p r V a l 1 s t g 5 s . . 1941 |ivi.
85
..........
G r e e n b r ie r R y 1st g u g 4 s ’ 4 0 M*S1
81 %
C lu c A A l t R R r e f g 3 s . . . 1949
R e g i s t e r e d ........................ 1 9 4 9
7 5% S ale
R a i l w a y 1 s t lie n 3 % s . .. 1 9 5 0
R e g is t e r e d ........................ 1 950
1*03 ” Y Y Y
C lu e B u r 6c Q c o n s o l 7 s . ..1 9 0 3
C h ic & I o w a D iv 5 s ...........1905
ib ’ :’ % i o 2 "
D e n v e r D i v 4 s .................... 1 922
94
95%
I l lin o is D iv 3 % s .................1949
R e g i s t e r e d ........................ 1 9 4 9
1 1 0 % .........
I o w a D i v s in k fu n d 5 s . .1 9 1 9
1 0 1 % .........
‘ S in k in g fu n d 4 s ...............1 919
,* 1 0 5 % 10 6
N e b r a s k a E x t e n s io n 4 s . 1 9 2 .
R e g is t e r e d ........................ 1927
' .......... 1 0 0 %
S o u th w e s te r n D i v 4 s ___ 1921
1
J o in t b o n d s b e e G re a t N o r t h
' 105 ..........
D e b e n t u r e 5 s ...................... 1913 M
H a n 6c S t J o s c o n s o l 6 s . . 1911
s | ........ . 115
C lu e 6c E 111 1 s t 8 f c u r 6 s . 1 90
D
1 st c o n s o l g 6 s .................... 1934 A -G 13 0
S ale
G e n e r a l c o n s o l 1 s t 5 s ___ 1937 M-N 11 4
R e g i s t e r e d ........................ 1937 M-N
C h ic 6c I n d C R y 1 s t 5 s . 1936 J -J
C h ic a g o 6c E r ie S ee E rie
C lu e I n & L o u is v r e f 6 s . . . 1947
R e fu n d in g g o ld 5 s ............ 1947
L o u is v N A 6c C h 1 s t 6 s . 1910
111 %
C lu e M il 6c S t P a u l c o n 7s 1 9 0 5
1 0 9 % 111
T e r m in a l g o ld 5 s ...............1914
109
110%
G e n e r a l g 4 s s e r ie s A . . e l 9 8 9
R e g is t e r e d ......................e l9 8 9
G e n e r a l g 3 % s s e r ie s B . c l 98 9
R e g i s t e r e d ..................... e l 989
..........
116
C h ic 6c L S u D i v g 5 s ___ 1921
L17 % .........
C h ic 6c M o R i v D iv 5 s . . . 1 926
112 .......
C h ic 6c P a c D i v 6 s ............1 9 1 0
C h ic 6c P W 1 st g o s ........ 1921
1163s 1 1 7 %
1 1 0 % ..........
D a k 6c G t S o g 5 s ...............1 916
129 ..........
F a r 6c S o u a s s u g 6 s ........ 1924
1 1 9 % ..........
H a s t 6c D D iv 1 s t 7 s ........ 1910
1 s t o s ....................................1 9 1 0
1 0 6 % ..........
I 6c D E x t e n 1 s t 7 s .......... 1 9 0 8
113%
L a C r o s s e & D 1 s t 5 s ___ 1 9 1 9
107%
M in e r a l P o in t D i v 5 s ___ 1 9 1 0
113%
S o M in n D iv 1 s t 6 s ..........1910
112%
S o u t h w e s t D iv 1 st 6 s ___ 1909
116
W i s 6c M in n D i v g 5 s ___ 1921
11 1 %
M il 6c N o 1 st M L 6 s . .. .1 9 1 0
116%
1 s t c o n s o l 6 s .................... 1 9 1 3
130%
C lu e & N o r t h w c o n s 7 s ___ 1915
104%
E x t e n s io n 4 s .......... 1 8 8 6 -1 9 2 6
R e g i s t e r e d ............ 1 8 8 6 -1 9 2 6
100%
G e n e r a l g o ld 3 % s ...............1 987
99
R e g i s t e r e d .................... £>1987
S in k m g fu n d 6 s . . . 1 8 7 9 -1 9 2 9
112%
R e g i s t e r e d ........... 1 8 7 9 -1 9 2 9
106%
S in k in g fu n d o s . ..1 8 7 9 -1 9 2 9
R e g i s t e r e d ............1 8 7 9 -1 9 2 9
10234
D e b e n t u r e 5 s ...................... 1909
R e g i s t e r e d ........................ 1 909
D e b e n t u r e o s ...................... 1921
1 1 3 % ..........
R e g i s t e r e d ....................... 1 921
115% 116%
S in k in g fu n d d e b o s ........ 1 9 3 3
R e g is t e r e d ........................ 1 9 3 3
!
.vi
D e s M o & M in n 1st 7 s . .1 9 0 7
M ilw 6c M a d is o n 1 st 6 s . . 1905 j
N o r t h I llin o is 1 s t 5 s ___ 1 9 1 0
1 0 5 % ..........
O tt C F 6c S t P a u l 1st 5 s 1 909
W in o n a 6c S t P e t 2 d 7 s . . 1907
1 1 1 % .......
1 2 9 % Sale
M il L S 6c W e s t 1 st g 6 s 1921
120% . . . . . .
E x t 6c I m p 8 fu n d g 5 s 1 929
1 3 2 % ..........
A s h la n d D iv 1 s t g 6 s . . 1 9 2 5
1 3 2 % ..........
M ic h D iv 1 s t g 6 s ..........1 9 2 4
1 0 1 % .........
C o n v e r t ib le d e b 5 s ___ 1907
..........I l l
I n c o m e s ............................1911
C h ic R o c k I s l 6c P a c 6 s . . . 1 917
121% 128
122 % ........
R e g i s t e r e d ........................ 1 917
105 % Sale
G e n e r a l g o ld 4 s ...................1988
R e g is t e r e d ........................ 1 9 8 8
C o ll t r u s t S e r ie s C 4 s .. .1 9 0 5
H 4 s ..................................... 1 910
M 4 s ..................................... 1 915
N 4 s ..................................... 1 9 1 6
81 s a le
C h ic R I & P a c R R 4 s . .2 0 0 2
R e ir is te r e d ....................... 2 0 0 2
8 6 S a lt
G o b i 5 s (w h e n is s u e d ) 1913
96
D e s M 6c F t D 1 st 4 s ___ 1 905
91
l s t 2 % s ................................1905
95
E x t e n s io n 4 s .................. 1905
.08 109
K e o k 6c D e s M 1 s t 5 s ___ 1923
C liic 6c St L S ee A t c li T <fe S a B'e
C h ic S t L 6c N O S ee 111 C e n t
C h ic S t L 6c P it t s b e e P e n n Co
130% 132
C liic S t P M 6c O c o n 6 s . . . 1 9 3 0 Cli S t P 6c M in n 1 st g 6s 191Si M
1 3 1 % ____
N o r W is c o n s in 1 s t 6 s . . . 1 9 3 0 J
124
125
S t P 6c S C ity 1 st g 6 s . ..1 9 1 9 A
S3
84%
C h ic a g o T e r T r a n s g 4 s . . . 1 9 4 7 1J
W eek ’ s
R a n g e or
L a st S a le
L ow
H ig h
32
w■>*1
C
M
Oo
< <
R ange
S in ce
J anu ary 1
A 9 L ow
H ig h
100% M a v ’ 03
103 104
101
10 1
' 2 0 100% 10*2%
i ’l Y ”
113
115
121
103%
103
LI 2
104
98
106%
j
M a r *03
i ll ”
M a y ’ 03
1 11%
1 1 5 % ’ 34 115
J ’n e’ui
104% 53 102%
A p r ’ 01
M a y ’ 03 . . . . UL2
M a y ’ 05
101
M a y ’ 03
93
O ct ’ 02
il2 ~
1 14
119%
i"06%
11 2 '
104
98
80
75%
83% A
1 03%
1 04% A
101%
95 %
83 %
76 % - ;i 3 ’ Y -i” * 7 9 %
p r ’ 02
103%
9 io 4 ” 103%
p r ’ 00
1 0 1 % *""i i b o ” i o i %
95 %
5 9 4 % 97
L14% A u g ’ 02
101% J ’ n e ’ 03
101% 1 0 4 %
105%
1 0 5 % • io 105% 1 0 8 %
L09% A n g ’ 01
100% 100%
100% 100%
105 J ’ n e ’ 05
104%
114% A p r ’ 03 ___ 1 113
110 M a j ’ 03
131 M a y ’ 03
131
114
114
120 D e c ’ 02
120% F e b ’ 03 —
no
108
117% .
110 %
13 6 %
120 120%
128 130%
1 1 0 % 113 %
no%m%
178 178
111 ILL
109 112
130
111%
110%
178
J ’n e ’ 03
M a y ’ 03
M a y ’ 03
M a y ’ 03
111 M a y ’03
110% J ’n e ’ 03
111 D e c ’ 02
104% J a n ’ 02
....
11 6 % A p r ’ 03
118 M a y ’ 03
113% J ’ n e ’ 02
117
117
111% M a y ’ 03
1 3 7 % J ’ l y ’ 99
119% M a y ’ 03
1 0 7 % A u g ’ 02
1S3 F e b ’ 03
115 M a y ’ 03
109 O c t ’ 02
1 13% J ’n e ’ 03
1 1 2 % J ’ n e ’ 03
117 J n c ’ 03
113 M a y ’ 03
116 J 'n e ’ 03
132% A p r ’ 03
L 04% M ay’o3
10 6 % O c t ’ 02
1 0 0 M a y ’ 03
103 N o v ’ 98
112 M a v ’ 03
l l o % M a y ’ 03
106 A p r ’ 03
106% M a r ’ 03
105 M a i ’ 03
1 0 5 % D e c ’ 02
108
10 8
114 O ct ’ 01
1 1 5 % J ’ n e ’ 03
123 M a y ’ 01
. . . . 116% 116%
. . . . 117% 1 1 8 %
. . . . 112% 1 1 3 %
106 N o v ’ 02
108 O c t ’ 02
1 0 5 % M a y ’ 03
1 1 5 % A p r ’ 03
129%
129%
120 % M a y '0 3
142 % F e b ’ 02
1 3 3 % M a y ’ 03
107 % B'eb ’ 01
114% S ep ’ 02
127 % J ’iie ’ 03
1 2 6 % M a y ’ 03
105% 105%
107 J a n ’ 03
100% J ’l y ’ 0*2
9 9 % J ’ n e ’ 0 ‘2
9 9 % J ’ ly ’ 02
9 9 % J ’ n e ’ 02
79%
81
SS% J an ’ 03
85
87
9 / M a y ’03
9 3 J a n ’ 03
94% J a n ’ 03
1 08% 1 0 8 ^
133%
131%
137%
124
83%
....
....
....
—
—
1 116 117%
L11% 111%
L19%119%
...
___ 183
—
185
114 115
....
....
....
....
....
....
....
....
—
112% 113%
112%11*2%
116
113
116
131%
101
......
117
1 13
119
134
104%
......
99 101
112 112
110%1LO%
....
. . . . 106 1 0 9 %
. . . . 106% 107 %
—
105 109
1 108 112
—
115% 118%
___ 1 0 5 % 1 0 5 %
. . . . 1 15% 1 • %
129% 13*2%
—
1 1 9 % 125
1
1
—
133 % 1 3 3 %
127
125%
105
107
.... ......
i
127%
127
108
107
......
727 79%
88%
ibs 8 5
89
88%
8 9%
97
98%
9 2 % 93
94% 94%
...
2 106 1 0 8 %
133 1 3 6 %
M a r ’ 03
M a y ’03 —
131% 137
S e p ’ 02
J 'n e ’ 03
1*23% 1*26%
83%
5 82% 86
MISCELLANEOUS BONDS—Continued on Next I'ase.
Street Railway
B r o o k ly n R a p T r g 5 s ........ 1 9 4 5
A t l A v B k ly n im p g 5 s . . 1 9 3 4
B k C it y 1st c o n 5 s . 1916, 1941
B k Q C o 6c S c o n g u g 5 s . 1941
B k ly n U n E l 1 st g 4 -5 S .1 9 5 0
K in g s C o E l 1 s t g 4 s ___ 1949
N a s s a u E le c g u g 4 s ___ 1951
C it y 6c 8 R y B a lt l s t g 5 s . 1 9 2 2
C o n n R y 6c- L 1 s t & r e f g 4 %s ’ 51
D e n C on T r C o 1st g 5 s . . . 1933
D e n T ra m C o c o n g 6 s . . 1910
M e t R y C o 1st g u g 6 s . . 1911
D e t C it s t R y 1st c o n g 5 s . 1 9 0 5
G r R a p id s R y 1st g 5 s . . . a l 9 1 6
L o u is R y C o 1 s t c o n g 5 s . . l 9 3 (
M a r k e t S t C R y 1st g 6 s . . 1913
M e t S t R y g e n c o l tr g 5 s . 1991
B w a y A 7tli A v 1 s t e g 5 s 1943
A O
J J
J J
M N
F A
F A
J J
J D
j j
A O
J J
104
104%
n o
J a n *99
110% 112% n o
A p r ’ 03
102
10*2 * 102
1 0 0 % Sale 100
100%
S7
M a y ’03
.......... S5
8 5 % .J an ’ 03
104
S a le
|
21 >103
Street Railway
107%
i* 0 9 % iib
2 j 101
102*0
19 100
104%
87
89%
85% S5%
9 9 % Oc.r
95 ~ J ’n e ’ OO
1
J J
J D
J J
J J
F A
J D
103
N o v ’ Ul
109
M a r ’ 98
1 1 4 .......... 115 J ’ n e ’ 03
..........114% 1 1 6 % M a y ’ 03
*No price Friday; latest price this week,
a Due Jan
M e t S t R y —( C o n ) R e f g 4 s2 0 0 2 , A -O .......... 9 3 %
C ol 6c 9tli A v 1st g u g 5 s . 1993 M-S ..........1 1 8 %
L e x A v 6c P B' 1 st g u g 5 s 1993 .M-S 1 1 6 % 1 18%
T h ir d A v e R R c o n g u 4 s 2 0 0 0 J - J
9 6 % ..........
T h ir d A v e R y 1st g 5 s . .1 9 3 7 J - J
M e t W S E l (C in e ) l s t g 4 s . 1938 F-A * ..........1 00
M il E l R y 6c L 3 0 -y r g 5 s . 1926 F-A . . . . . . . . . . . .
M in n S t R y 1 st c o n g o s . . 1919 J -J
1 0 6 % ..........
St J o R y L t H A P 1st g 5 s . 193 . M N
s t P a u T C itv C a b c o n g 5 s . 1937 J -J
U n io n E l (C h ic ) 1 st g 5 s . . 1945 A-O
A-O
78% S ale
U n ite d R y s S t 1, 1 st g 4 s . 1934 J - J
1
W C h ic S t 4 0 -y r 'c o n s g 5 s . 1936 M-N
96%
9 3 % M a y ’ 03 •••• 92
11 8 % 1 ‘2 1
1 1 8 % A p r ’ 03
1 16 % 12 i %
116 % J ’ iie '0 3
95%
96% 37 95
9 8%
119% M a y ’ 03
119% 1 2 2
99% 102%
9 9 % M a r ’ 03 . . . .
106 O c t ’ 99 . . . . . . . . . . . . . . . .
110 J ’ n e ’ 0 ‘2 .... . . . . . . . . . . . .
109%
109%
77 %
85 %
99
1 0 9 % 11 3
A p r ’0 3
D e c ’ 99
80 %
7 8 % 151 77
J ’ n e ’ 03
84% 85%
D e c ’ 97
Gas and Electric Light
113
120
116% 117%
d Due Apr
A tla n ta G L C o 1 st g 5 s . . . 1947 J -D
B k ly n U G a s 1 st c o n g 5 s . 1945 VI-N
e Due .nay g Due j ’ ue h Due J'ly
113
114
113
k Due Aug p Due Nov
m. . . . . . . . . . . . . . . . .
114% 26 113 117
gDue Dec sOption sale
Bond Record—Continued—Page 2
J one 13, 1303.]
BOND*
N. Y. S T O C K E X C H A N G E
W k k k E n d in g J u n e 12
Cluctfc W e s t lin t g e n g 6 s q 193*2
C h ic db W e s t M ic h R y 5 s . . 1921
C h oc o k db G g e n g o s . . . o l 9 1 9
C m i l do D c o n s o l h t 7 a . . .1 9 0 5
2d g o ld 4 *3 ».........................1937
C in D <ft I 1 s t g u g 5 s . . . 1941
C I S t L db C S ee C C C da S t L
C ln S A C
S ee C C C S t 1.
C le a rfie ld 3c .Mali S ee B K it P
C le v e la n d C m C lu e 6c S t L o u is
G en eral
i s .....................
C a iro 1)1 v 1 st g o ld 4 s . . . . 1939
C in W A M l) iv 1st g 4 s . 1991
S t L D iv 1st c o l tr g 4 s . . 1 9 9 0
H e g is u i • 'i ...................... 1990
S p r «fc ( *ol D iv 1st g 4 s . .1 9 4 0
W W Vftl D iv 1 s t g 4 s . . . 1940
C I S t L<fe C co n su l O s ..1 9 2 0
1st g o ld 4 s .............. . . . / c l 9 3 0
.R e g is t e r e d .................£ 1 9 3 0
C ln S db C l c o u 1st g 5 s . . 1928
C C C & 1 c o n s o l 7 s .......... 1914
C o n so l s in k fu n d 7 s ___ 1914
G e n e r a l c o n s o l g o ld 0 s . 1934
R e g is t e r e d ..................... 1934
I n d B l db W 1st p r o ! 4 s . 1 9 4 0
O I n d db W 1st pi o a . . . d 1938
P e o & E ast 1st co n 4 s . ..1 9 4 0
I n c o m e 4 s .......................... 1990
Cl L o r db W h c o n 1st g o s . 1933
C le v tSc M a r ie tta 8t?cP en n R R
C le v
M a iion V al g 5 s . ..1 9 3 8
R e g i s t e r e d ....................... 1938
C le v cO P itts s e e P e n n C o
C ol M id la n d 1 st g 4 s .......... 1947
C o lo ra d o <fc S o il 1 st g 4 s . . . 1 9 2 9
C olu m db G r e e n v S ee S o R y
C ol db i i o c k V a l See H o c k Vai
C ol C o n n do T e rra S ee X 6c W
C on n 6c P as H iv s 1st g 4 s . 1943
a k db G t S o S ee C M db S t P
a lia s db W a c o S ee M K db '1
D e l L a c k db W e s t e r n 7 s . . . 1907
M o r r is db E s s e x 1 st 7 s . . . 1914
l s t c o n s o l g u a r 7 s ........ 1915
R e g is t e r e d .................... 1915
1 s t r e f g u g 3 *a8.............2 0 0 0
N Y L a c k db W 1 st 6 s . ..1 9 2 1
C o n s t r u c t io n 5 s ............ 1 9 2 3
T e rra db im p r o v e 4 s ___ 1923
S y r B in g d b N Y 1 s t 7 s . . 1 9 0 0
W a r r e n 1st r e f g u g 3 **28.2000
D el db H u d 1 st P a D iv 7 s , 1917
R e g is t e r e d ........................ 1917
A lb & b u s 1st c o n g u 7 s . 1 9 0 0
R e g is t e r e d ........................ 1 9 0 0
G u a r g o ld Os.................... 1 9 0 0
R e g is t e r e d .................... 1900
R eus
S a r a to g a 1 st 7 s . 192J
R e g is t e r e d ....................... 1 9 2 1
D e l R iv R R B r id g e bee P a R R
D e n v db R G r 1 s t c o n g 4 s . 1 9 3 0
C o n s o l g o ld 4 *38.................1 9 3 0
I m p r o v e m e n t g o ld o s . . . 1 9 2 8
R io G r S o g u bee R io G r S o
D en db S W e s t g e n s t g 5 s 1 9 2 9
D e s M o i db F t D S ee C R 6c 1 P
D e s M db M in n S ee Oh db N W
D e s M o i U n R y 1 s t g 5 s . .1 9 1 7
D e t M db T o l See L S db M S o
D e l db M a c k 1 st lien g 4 s . 1 9 9 5
G o ld 4 s ....................................1995
D e t S o u 1 s t g 4 s .................. 1 9 5 1
O h io S o u D iv 1 s t g 4 s . . . 1941
D u ld b I r o u R a n g e 1 s t 5 s . . 1937
R e g i s t e r e d ............................ 1937
2 d Os....................................... 1 9 1 0
D u i S o S h o r e db A t l g 5 s . . 1937
'a s t o f M i n u S ee S t P M db M
ja a t T e n V a db G a S ee S o R y
E lg in J o l & E a s t 1 st g 5 s . 1941
E lm C o r t <0 X o S ee L e h db X Y
E r ie 1st e x t g o ld 4 s ...............1 9 4 7
2d e x t g o ld 5 s ...................... 1 9 1 9
3d e x t g o ld 4 Has.................. 1 9 2 3
4 tli e x t g o ld 5 s .................... 1 9 2 0
5tli e x t g o ld 4 s .................... 1928
1 st c o n s o l g o ld 7 8 ...............1 9 2 0
1 st c o n s o l g fu n d 7 s ......... 1 9 2 0
E r ie 1 st c o n g 4 s p r i o r . . 1 9 9 0
R e g i s t e r e d ........................ 1 9 9 0
1 st c o n s o l g e u lie n g 4 s . .1 9 9 0
R e g is t e r e d ........................ 1 9 9 0
P e n n c o ll tr g 4 s ...............1951
B utt X Y db E r ie 1 st 7 s . .1 9 1 0
B utt 6c S W g o ld Os.......... 1 9 0 8
S m a ll....................................1 9 0 8
C h ic db E r ie 1 st g o ld 5 s . . 1982
Jett R R 1 st g u g 5 s
a 1909
L o n g D o c k c o n s o l g O s .. 1935
C oal tfc R R 1 st c u r g u Os. 1922
D o c k db I m p 1 s t c u r O s ..1 9 1 3
X Y db G r e e n L g u g 5 s . 1940
M id R R o f X J 1 st g Os. 1 9 1 0
N Y S u s db W 1 s t r e f 5 s . 1937
2d g o ld 4 Has...................... 1937
G e n e r a l g o ld 5 s ...............1 9 4 0
T e r m in a l 1 st g o ld 5 s . . .1 9 4 3
R e g i s 8 5 ,0 0 0 e a c h . . . 1943
W ilk d b E a 1 st g u g 5 s . 1942
E r ie 6c P itt s S ee P e n n C o
E v a n s db T H 1st c o n s Os. 1921
1 s t g e n e r a l g o ld 5 s .......... 1942
M t V e r n o n 1 s t g o ld O s.. 1923
S u ll C o B r a n c h 1st g 5 s . 1 9 3 0
Ev<L I n d 1 st c o u g u g O s .. 1920
L 'a r g o 6c S o S ee C h M 6c S t P
X? lin t db P o r e M S ee P e r e M a r
<c •»
U
2>
trice
F r id a il
J u n e 22
B in
A sk
114
..........
103 ..........
105
..........
j j
A -O ......................
J -J
M-N * . ........112*3
O-M
JO
J -D
J -J
J -J
m -n
M-N
M -S
J -J
M -\
Q -f
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J J
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J.ast S a le
II
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S in c e
J a n u a ry 1
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J2njh A 0 1 L ow H ig h
114
114
10 il 13 *3 1 lO 3^
109 A p r ’()•_
109 M a r ’ 03
107
io '9
111 *-3 D e c ’ 01
113 O c t ’ 00
112 *3 M a y ’ 03 . . . . 112*3 115
97*4
97 7h 28
i o i *3 O c t ML
98*4 M a y ’ 03
97*4 1 0 3
98*4 100
.......... 101
10 1
2 101 103*3
103 O c t *02 ••••
.......... 101
•••••* •••••• 102 D e c ML
9 5 M a y ’ 03 •••• 95
95
.......... 110
101 *3 M a y ’ 03 —
100*4 103
••••••
101
i u * 4 .......... 115 N o v ’ 02 . •••
134 *s J a u (L
133*2134*2 131
131
1 131
13338
104 ^2 N o v ’ 01
95
S ale
69 *4 S ale
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88*4 S a le
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93
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114
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71
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128
J ’ n e ’ 02
73
88
25
44
0
73
88*4
28
93
67
73
88
100
82
8 0 7e
9 4 Hz
AO
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M -S
M-N
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F -A
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F -A
MS
M -S
A -O
A -O
A -O
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M-N
VI-N
J -J
J -J
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1 1 2 * 8 ......... 113*4 J ’ n e ’ 03
1 2 8 38 .......... 129*4 129*4
.......... 134*8 M a y ’ 03
131
140 O c t ’ 98
io 6
..........
1 3 0 * 8 .......... 131*8 A p r ’ 03
115 J ’ n e ’ 03
113®81 1 6
......
102*4 M a y ’03
1 1 0 S a le
102
F e b ’ 03
1 3 7 * 8 .......... 137*8 137*8
149
A u g ’ 01
l b 7 78 .......... 111*4 F e b ’ 03
122 J ’ n e ’ 99
1 0 5 * 8 .......... 105*4
105*4
1 1 1 3* F e b ’ 02
1 4 3 34 N o y ’ 02
1 4 1 * 8 ..
147*3 J ’ n e ’ 02
no
99
Sale
..........il)7*4
no
62
M-N
111
113
.......... 113
M-N
M -S 1 1 3 * 8 ..........
..........
M-S 1 1 0
A -O 1 1 3
J -D
M -S .......... 1 3 5
..........
M-S * 1 3 3
J -J
99
S a le
J -J
J -J
8 5 Hi s a le
J -J
F -A .......... 92
J -D 1 2 5 3 s ..........
J -J
.......... 1 0 8 3j
J -J
M-N H 8
..........
A -O
A -O i*-9
........
M-N
J -J
M-N
A -O ♦.......... i 16*3
J -J
.......... 1 1 1
FA
10 0 ..........
FA
..........108
M-N 1 1 2 ........ .
M-N
J -D .......... I l l
J -J
A -O
A -O
A-O
J -J
130*8131*3
115 115
102 1 0 3
110 1133s
102 102
1 137 137*8
111*4 111*4
■ '5 105*4 105*4
63
3
62
SO
93*4
•••• 91
84
•••• 8 9
. . . . 109*3
—
93*4
93*3
85
92
114
11138115
1 1 1 2 *3 1 1 4 3s
113
114 M a y ’03
113 *4 M a y ’ 03 ••••
112 M a y ’ 03
117 D e c ’ 02
109*4 J a u ’ 02
135*3 M a y ’ 03
132*4 A p r ’ 03
98*4
99*4 55
97
M a y ’ 03
8 3 34
85*3 74
114 1 1 4 i
113^113*4
112
112
133 139
132*4 135
97
9 9 j4
97
98
8 3 34 S3
5 88
9 1 34
9 134
129 M a i ’ 03 •••• 1 2 9
94*4
1 3 0 *s
1 1 8 M a y ’ 03 •••• 117*3 121*3
1 0 6 A u g ’ 02
131 M a y ’ 02
i3 u
i '3 4 4
1 1 3 34 D e o ’ 02
118*3 A p r ’ 02
109
O c t ’ 98
5 110*8112*3
110*3 110*3
111
M a y ’ 03
109
114
9 7 34 103
lO l^ s M a y ’03
1 0 6 H2 M a y ’ 03 . . . . 1 0 6 106*8
1 0 8 M a y ’ 03 . . . . 1 0 8 117
112
M a y ’ 03 —
122*3 M a y ’ 03
103
104*3 103*3 1 0 3 Hz
112 J ’ n e ’02
110
.......... 1 1 5
F l a C e n A P e n 1 st g 5 s . . . 1 918
930
1 s t lan d g r e x t g o ld
C o n s o l g o ld 5 s ....................1943
F o r t S t V l) C o 1 st g 4 Has. 1941
F t W db D e n C 1st g Os___ 1921
F t W .0 R io G r 1 s t g 3 -4 s . 1 9 2 *
i ' ai Hat' 6c .s A S ee .no P ac C o
l Till l i db i l o f 1 8 8 2 1 st 5 s . 1913
G a db A la R y 1 st c o u 5 s . . o l 9 4 5
G a C a r db N o 1st g u g 5 s . . 1929
G e o r g ia P a c if i c S ee S o R y
G ila V G & N o r S ee S o P a c Co
«l o i n
<) $ v e n i S ee X r< m
G ra n d R a p A I n d S ee P e n n R lt
G r a y ’ s P t T e r m S ee s t L S \V
G t N o r — C B A <4 c o il i r 4 s 192 1
R e g is t e r e d , h ...................... 1921
G r e e n b r ie r R y See d i e s db <>
G u lf db S 1 1st r e f 6c t g 5s 5 1 9 5 2
an db S t J o S ee C B db <4
o u s a t o n ic S ee X Y X il<fe H
H o c k Vftl l s t c o n s o l g 4 Has. 1999
R e g i s t e r e d ............................ 1999
C ol A H V 1 st e x t g 4 s .. 194b
f l o u s t E 6o W T e x S ee S o P a c
H o u std b T e x C e n S ee S o P a c Co
llin o is C e n tr a l 1 st g 4 s . . 1951
R e g is t e r e d ........................ 1951
1 s t g o ld 3 Hj* ........................ 1951
R e g is t e r e d ........................ 1951
1 s t g o ld 3 s s t e r l in g .......... 1951
R e g is t e r e d ........................ 1951
C o il T r u s t g o ld 4 s ............ 1952
R e g is t e r e d ........................ 1952
L X u 6c L e x g o ld 4 s ___ 1953
R e g is t e r e d ........................ 1953
C a ir o B r id g e g o ld 4 s ___ 1 9 5 0
L o u is v ille D iv g o ld 3 Has. 1953
R e g is t e r e d ........................ 1953
M id d le D iv r e g 5 s ............ 1921
S t L o u is D iv g o ld 3 s ___ 1951
R e g is t e r e d ....................... IV) 51
G o ld 3 Has............................1951
R e g is t e r e d .................... 1951
S p r in g D i v 1 s t g 3H aS-.-1951
W e s te r n L in e s 1 s t g 4 s . . 1951
R e g is t e r e d ....................... 1 9 5 1
B e lle v 6c C a r 1 s t Os........ 1923
C a rb & S h a w 1 s t g 4 s . . . 1932
C h ic S t L db X O g 5 s . ..1 9 5 1
R e g i s t e r e d ........................ 1951
G o l d 3 *aB............................1951
R e g is t e r e d .................... 1951
M e iu p li D i v 1 s t g 4 s . . .1 9 5 1
R e g is t e r e d .................... 1951
S t L .Sou 1 st g u g 4 s ___ 1931
I n d B l 6c W e s t s e e C C C db S t L
I n d D e c db W 1 s t g 5 s ........ 1935
1st g u a r g o ld 5 s .................. 1935
I n d 111 6c l a 1 s t g 4 s .......... 1 9 5 0
I n t db G r e a t NTo r 1 s t g O s ..1 9 1 9
2 d g o ld 5 s ..............................1909
3 d g o ld 4 s ..............................1921
I o w a C e n tr a l 1 s t g o ld 5 s . .1 9 3 8
R e fu n d in g g 4 s ...................1951
J e ffe r s o n R R s e e E r ie
a l A db G R S ee L S db M S
an db M ic h S ee T o l db O C
K C F t S db M S ee S t L db S F
K C & M R & B 1 s t g u g 5 8 .1 9 2 9
K a n C db P a c ific S ee M K db T
K a n C ity S o u 1 st g o ld 3 s . . 1 950
R e g is t e r e d ............................ 1 950
K e n t u c k y C e n t s e e L db X
K e o k 6c D e s M o s e e C R I & P
K n o x v il le & O h io S ee S o R y
a k e E n e db W 1 st g 5 s . .1 9 3 7
2 d g o ld 5 s .......................... 1941
N o r t h O h io 1 s t g u g 5 s . . 1945
L S lio db M ic h S s e e N Y C en t
L e h ig h V a l (P a ) c o ll g 5 s . 1997
R e g is t e r e d 5 s ...................... 1997
L e h V a l N Y 1 s t g u g 4 Has.1 9 4 0
R e g is t e r e d ............................1940
L e li V 'Ter R y 1 st g u g 5 s . 1941
R e g is t e r e d ............................ 1941
L eh V C oal C o 1st g u g 5 s. 1933
R e g is t e r e d ............................ 1933
L e li db N Y 1 st g u a r g 4 s . . 1 945
R e g is t e r e d ............................ 1945
E l C db X 1 s t g 1 s t p f 0 8 .1 9 1 4
G o b : g u a r 5 s .................... 1914
L e h db H u d R S ee C e n t o f X J
L eh db W ilk e s b S ee C e n t o l X J
L e r o y 6c C a n e y V a l S ee M o P
L o n g D o c k S ee E r ie
L o n g I s la n d 1 st c o n g 5s.Zi.1931
1 st c o n s o l g o ld 4 s .......... Z(1931
G e n e r a l g o ld 4 s ...................1938
F e r r y g o ld 4 H2S.................. 1 9 2 2
G o ld 4 s ....................................1932
U n ilie d g o ld 4 s ...................1949
D e b e n t u r e g o ld 5 s .............1934
B k lv n 6c M o n t 1 s t g O s ..1 9 1 1
1 s t 5 s ................................... 1911
X Y B db M B 1 s t c o n g 5 s 1 935
X Y eft; R B 1 s t g 5 s ........ 1927
N o r S h B is t con g g u 5 s o l9 3 2
L o u is v <fc X a s l i v g e u g Os. 1930
G o ld 5 s ....................................1937
U n ifie d g o ld 4 s .................. 1940
R e g is t e r e d ........................ 1 940
C o ll tr u s t g o ld 5 s ...............1931
C e c ilia n B r a n c h 7 s .......... 1907
E H 6c N a s h 1 st g 6 s ___ 1 919
L C in db L e x g o ld 4 Has... 1931
N O db M 1 s t g o ld Os___ 1930
N O db M 2 d g o ld Os........ 1930
< i
Hi T
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T 1
J -J
J -J
J -J
J D
J -J
trice
h r id a u
J u n e 12
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ask
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L ast .sa le
L ow
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s in ce
J. J a n u a r y 1
H i g h ! A 0 L ot
..........1 0 8 L J0 6 Hz F e b M L.......
...................... 1 0 ft M a r’ VlS]___ ......... . . . . . .
......... 110 M a y 'o ;: ___ : >7 1 1234
104
85
8 1 * 3 .......... 82 *3 J ’ n e ’ 0 3 ----- 81
103 A p r * 0 3 ----A-O ..........102
.......... 10 9 3i M ay’ o: . —
J -J *109
J J * 1 0 9 * 4 .......... 109 *3 M a y ’ 03 . . . .
J -J
QJ
92 7« S ale
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AO
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89
107 *4 S a le
107*4
! uo* 3 105
109 109*4
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9334 3621 1 Ml
95
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89
106*4 M a r’ 03 —
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19 I f 5 Hi 10 9 4
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I
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1 03
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'1 0 3
- 95
112*4 M a y ’ 03
...
112*4 113*3
10 4
M ay’ 03
102 O c t *01
103 M a y ’ 03
1 0 4 M ay ’ 02
100 Ha M a r ’ 0 3 ]
9 5 M a y ’ 03
-.11102*4 104
113 *•>Mar’OU
102 May'Obj.... 101*4 11*2
94
Mar’03 ...
94
94
. . . i u i *4 1 0 3 4
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... 95
95
123 M a y ’ 99
8 7 * 8 M a y ’ 02
81
97
97
101 *8 O c t ’ 99
95 ............. 10 0 N o v ’ 00
107 *8 1 10
1 0 7 ^ M a y ’ 03
124 M a v ’ 01
9 0 N o v '9 8
1 2 6 Hz 125*8 J a n ’ 03
126*4 N 'ov ’ 02
I 0 4 fl8 A p r ’ 02
106*8 J a n ’ 0 3 j
1 0 0 34
97
97
l O T - 'H j l l l
125 *8125 Hi
1 0 6 *8 106*8
I O I “ M a r ’0 2 1
107 Ha M a r ’ 03
107 Ha D e c ’ 02
102 M a y ’ 03
.........102
120 ....... 122 *3 M a y ’ 03
98
. . . . . . 9 1 Ha 9 8
.......... 73*3 74*4 F e b ’ 03
1 14 M a y ’ 03
.........112
92
92
91
92
107
107 *3 107 *3
9 S * 2 lo 2
11 9 123*8
96 100
70
75
112
I I 0 H2
19 9 1
93Hj
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F e b ’ 01
95
.......... 93*4 F e b ’ 03
J -D
90
.......... 91 J ’ n e ’ 03
J -D
8 4 J a n ’ 03
J-I> * .......... 8 0
S 9 34 M a y ’ 03
M -S * .......... 90
112 *3 M a y ’ 03
AO
.......... 1 1 2
A -O
J -J
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115
1 1 4 M a y ’ 03
J -J
M-N
••••
mmmm
___
1
9934
9 8 34
99*3 25 9 8
1UG36 M a y ’ 03 . . . . 104*4 107
108 M a y ’ 03 —
105 1 0 8
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113 117
i 129*4 133*3
. . . . 132
134*3
BOND*
N. Y. ST O C K E X C H A N G E
W e e k E n d in g J unk 12
J289
110
120
i 103
112
122*3
106
M a y ’ 02
L
AO
S ale
67*2
69
6 3 'Y O c t ’ 00
119
1 1 1 34 _____
117*3 J ’ n e ’ 03
113 M a y ’ 03
lOS-Ts
110*3 F e b ’ 02
1 0 4 58 1 0 8
1 03 ........
108 M a y ’ 03
109*3 J ’ neML
113*8 J ’ n e ’ 03
109 Ha O c t ’ 99
1 08 Ha S ep ’ 02
68
116
111
*112
*110
___
......
......
1 0 5 34 ........
93
111
111
111*3
117*3 1 2 0
113
111
113*8
114*3
1 0 7 34 1 0 8 * 3
M a y ’ 03
93Ha 97
100
M a r ’ 03
i’oo” ibo'
11 8
J a n *03
1 18
118
100*3
100*3
100 Oct ’00
100*3 99*3
99*3
111 J a n ’02
100*3 102*4
100HalO2
105*4 M a r ’ 03
M a r ’ 02
112Ha J a n ’ 02
112Hz A p r ’ 02
118 M a y ’ 03
105*4 105 *4
105
112
114*4115
110
........
101*4 S ale
*110
7 1 38
96
100*8 101 L 100*3
lOOHa S ale 100*3
99
67*3
112
1.27*3128
112
112
*3
100 *3 1 0 1
10 0 J a u ’ 02
J ’ n e ’ 03
n o
D e c ’ 00
106
114*3 M a y ’ 03
10S*4 J a n ’ 03
126 M a v ’ 03
124*8 A p r ’ 02
97 7e 100*2
115*3118
9 111 112
68 ' 98*3101*3
110
113*a
111*3114*3
108*4 108*4
125 1 2 9
.U ISCEIJAXEO U 8 BOND?*—Continued on Next Page*
G a s a n d E l e c t r i c L ig h t
B u ffa lo G a s 1st g 5 s ............ 1947
Ch G L db C C o S ee P G db C C o
C o lu m b u s G a s 1 st g 5 s ___ 1932
C on G as C o S ee P G & C C o
D e t r o it C ity G a s g 5 s ..........1923
D e t G a s C o c o n 1st g 5 s . . . 1918
E d E l 111 B k n S t * K C o E L « U P
E d E 111 S ee X Y G db E L H db P
E q G L X Y 1 st c o n g 5 s . . 1932
E q G db F u e l See P G db C Co
Gaadb E le c B e r g C o c g o s . 1949
G r R a p G L C o l6 t g 5 s . . . 1915
K in g s C o E l L db P g 5 s . ..1 9 3 7
P u r c h a s e m o n e y 6 s ......... 1997
E d E l I l B k n 1 st c o n g 4 s 1939
L aoG as L o f St L ls t g 5 s .s l9 1 9
M ilw a u k e e G a s L 1st 4 s . . 1927
M u t F u e l G a s C o See P e o p G a s
A -O
76
J -J
107
J -J
F -A
97
98
10 0
10 1
M-S
114
.......... 117
J -D
F -A
AO
A -O
J -J
Q -F
M-N
76
1
76
1
96
105
7 9 7e
..........
9 7 7g
97 7g
105 J ’ n e ’ 03
—
99
105
D e c ’ 02
61 *3 O ct ’ 01
1 0 7 34 D e c ’ OO
i ‘l 8
.......... 1 2 5
i'0 4
106
M a r ’ 03
1 2 0 125
93*4 96*3
14 104*8 108*3
93*4 M a v ’ 03 . . . .
104*8 105*3
95 J ’ ly ’02
• No price Friday; latest bid and asked this week. aDueJan
G a s a n d E l e c t r i c L ig h t
NTe w a r k C o n s G a s c o n g 5 s 19
X Y G E L H db P g 5 s . . . 1948
P u r c h a s e m o n e y g 4 s . ..1 9 4 9
E d E l 111 1 st c o n v g 5 s . . 1910
1st c o n s o l g o ld 5 s .......... 1 995
X Y d b Q E l L & P 1st c o il g 5 s l9 3 0
P a te r s o n db P G db E g 5 s . 1 949
P e o G a s db C 1 s t g u g 6 s . .1 9 0 4
2d g u a r g o ld 6 s .................. 1904
1 st c o n g o ld 6 s .................... 1 943
R e fu n d in g g o ld 5 s ............1947
C h G - L d b C k e l s t g u g 5 s 1937
C o n G C o o t C h l s t g u g 5 s . ’ 36
E q G db F C h 1 s t g u g 6 s . 1905
M u F u e l G a s 1 st g u g 5 s . 1947
S y r a c u s e L ig h t in g 1 st g 5 s . ’ 51
'T r e n to n G 6c E l 1 st g 5 s . .1 9 4 9
U t ic a E L db P 1 st s f g 5 s . 1950
J -D
106* 3112
J -D * ..........1 0 8
107 4 J ’ ne*03
F-A
92
92*.j V) l *3
92*3 i d
90*8 97*4
M -S 10 4 105
104*3 M a y ’OS . . . . ,104 107
J -J
1 1 8 * 3 .......... 119 A p r ’ 03 .... 1119 1 1 9
103 J ’ n e ’ 03 .... 102 1 0 7*3
F -A ..........103
M -S
M-N 100
.......... 1 02 C M a r ’ 03
1023 b 1 0 3 * ;
J -D 1 0 0 3 0 .......... 1 02 *s M a r ’ 0 3
102 ' 102*8
A -O 11 7
116 125*3
.......... 117 J ’ n e ’ 03
105
107*3
105*4 A p r ’ 03
M-S
J -J
108
108
107
109
10 1 0 6 34 109
105 J ’ n e ’03
J -D 104 107
105 108*3
J -J
103
10 2
103*4
.......... 103 M a y ’03
M-N
105 F e b ’ 03
10 4 10 5
J -D ______ 97
M- »
10 9 F e b ’ 01
J -J
b Due Feb dDueApr «Due May ZiDueJ’ly kD ueA ug oD ue Oct jD u e Deo s Option
sj
Louisv 6c N ashv—( Continued )
Pensacola D iv g o ld 6 s ...1920
St L D iv 1st gold 6s....... 1921
2d gold 3 s.......................1980
Hender B dge 1 s ts f g 6 s . 1931
K en tu ck y Cent gold 4 s.. 1987
L & N & M & M 1st g4*2S 1945
L & N-Soutli M jo in t 4s. 1952
N Fla 6c S 1st gu g 5 s ... 1937
P en s & A tl 1st gu g 6 s ..1921
S <fc N A la con gu g 5 s.. 1936
Sink fund gold 6s.........1910
L 6c Jett Bdge Co gu g 4 s ..1945
L N A & Cli See C I & L
ahon CoaL See L S & M S
anhattan Ry co n so l4 s.l9 9 0
Jnt'st
Period
BONDS
N . Y . STOCK E X C H A N G E
W eek E nding J une 12
Price
Friday
June 12
Week's
Range or
Last Sale
Bonds
Sold
Bond Record—Continued—Page 3
1290
Range
Since
January 1
[V o l .
BONDS
Price
Friday
June 12
N. Y . STOCK E X C H A N G E
W eek E nding J une 12
No Low H igh N Y Cent & H R—(Continued)
N J June R gu 1st 4 s ... 1986
R egistered..................... 1986
N Y & Pu 1st con g u g 4 s 1993
N or 6c M ont 1st gu g 5 s .1916
1
97*2 100
W est Shore 1st 4s g u ...2361
. . . . 107*2 107*2
R egistered..................... 2361
59 89*4 92
Lake Shore consol 2d 7s. 1903
. . . . 113 1143*
R egistered..................... 1903
. . . . 110*8113
Gold 3 * 2 8 ........................ 1997
R egistered..................1997
.... 1 1 0 1 1 1
D et Mon 6c T ol 1st 7 s .1906
Ka A<fc G R I s t g u c 5 s .l9 3 8
Mahon C’ l R R 1st 5 s ..1934
Pitts M cK & Y 1st gu 6 s. 1932
5 101 104*2
2d guar 6 s .......................1934
101*2 10134
10378 D e c ’02
M cK ees & B Y l s t g 6 s 1918
111 ” J ’ne’03 . . . . 109*2 111*2
M ich Cent 1st consol 6 s. 1909
5 s......................................1931
R egistered..................1931
4 s......................................1940
16 75
75
77
80
R egistered..................1940
2 1 34
24*2 437 21 34 28*4
J L & S 1st g 3 *2 *........... 1951
132
1434 l S 3^
15*2
16*2
Bat C 6c Stur 1st gu g 3s. 1989
, N Y 6c Harlem g 3 ^ s . . . 2000
R egistered ..................... 2000
963s
96 7e 30 937s 97
N Y & N orth 1st g 5 s ...1927
90*8 J ’l y ’OJ
R W & O c o n 1st ex t 5s. h 1922
Oswe 6c R 2d gu g 5 s ...e l9 1 5
105 May’ OO
R W & O T R 1st g u g 5 s .1918
U tica 6c Blk R iv g u g 4 s . 1922
N Y Chic 6c St L 1st g 4s. 1937
R egistered.........................1937
N Y 6c Greenw Lake See Erie
N Y 6c H ar See N Y C 6c Hud
144*2 A p r ’ 03
144*214538 N Y Lack & W See D L 6c W
1 1 6 34 F e b ’03
1 1 6 34 1 1 0 34 N Y L E 6c W See Erie
123*2 A p r ’03 . . . . 123*2 123*2 N Y 6c L on g B r See Cent o f N J
121 J a n ’02
N Y 6c N E See N Y N H 6c H
116 M ay’03 . . . . 116 1 2 0 * 8 N ew Y ork N ew H av 6c Hart—
5 98 10334
100
100
H ousatonic R con g 5 s.. 1937
N H 6c D erby con g 5 s.. 1918
N Y 6c N E 1st 7s........... 1905
103 N ov’ 01
1st 6 s ............................... 1905
98 A p r ’ 01
N Y 6c N orth See N Y C 6c H
N Y O 6c W ref 1st g 4 s ..#1992
R egis $5,000 on ly......... #1992
97*2
98*4 41 97*2 100*8
31
79
85
79
80*4
N Y 6c Put See N Y C & H
7 101 104*2 N Y 6c R B See L ong Island
101
101
86
O ct ’02
N Y S 6c W See Erie
106 Sep ’ 02
N Y T ex 6c M See So Pac Co
N or 6c South 1st g 5 s ........ 1941
90 May’ 03 . . . . 87*2 90
3 101
101
101
105*2 N orf 6c W est gen g 6 s ....... 1931
105*2J’l y ’02
Im provem ’t
ext g 6 s .. 1934
N ew R iver l s t g 6 s ....... 1932
109 J ’ ne’ 03
N 6c W R y 1st con g 4s. 1996
107*2 111
108 J ’ne’03 . . . . 108 1 1 1 * 2
R egistered..................... 1996
3 118 1 2 2
Pocah C 6c C jo in t 4 s.. 1941
118*2 118*4
44
10234 1073b
C C 6c T 1st gu g 5s.........1922
103*8 104*2
Scio V 6c N E 1st gu g 4s 1989
103*2 104*2 35 103 107*2 N orth Illinois See Chi 6c N W
91 *2 May’ 03 .... 89
94*o N orth Ohio See L Erie 6c W
N or Pac—P rior lien g 4 s .. 1997
100
May ’ 0 1
R egistered..................... 1997
103*8 May’ 03 . . . . 102*2 105*4
112 A y r ’ 03 . . . . 112 113
General lien gold 3s___ a2047
30 110*2115
111
112
R e g is te re d ..................a2047
1 1 2 *o D e c ’ 02
C B & Q coll tr 4s See Gt N or
25 87
St Paul-Dul D iv g 4 s .... 1996
87
88
91*2
R egistered..................... 1996
1 1 0 * 4 j ’l y ’ 0 0
StP<fc N P gen g 6 s ....1 9 2 3
93 ‘ A p r ’02
R egistered certific,s ..l9 2 3
St P aul 6c D ul 1st 5s___ 1931
102 J ’l y ’ 02
3 122*2 127*2
2d 5 s ............................... 1917
122*2
122*2
1st consol gold 4 s.........1968
124% A p r ’03 . . . . 12438 125*0
97*o
W ash Cent 1st g 4 s .........1948
94 May’ 03 . . . . 93
114 M ar’ 03 . . . . 114 115*2 N or P ac T er Co 1st g 6 s .. 1933
93 F e b ’ 03 ___ 93
N or R y CaL See So Pac
93
N or W is See St P M & O
1 0 1 * 2 J ’ne’02
N or 6c M ont See N Y Cent
Ind 6c W See C C C 6c St L
hio R iver R R 1st g 5s. 1936
General g old 5 s................ 1937
Ore 6c Cal See So P ac Co
Ore R R 6c N av See U n Pac
Ore Short Line See Un Pac
124 May’03
12234 124
Oswego 6c Rom e See N Y C
112 *2 May’03 . . . . 112 115
O C F 6c St P See C 6c N W
113 D e c ’ 99
ac Coast Co 1st g 5 s___1946 J-D
116 J ’l y ’ 02
ac of M issouri See M o Pac
111 D e c ’ 99
Panama 1st s fund g 4 ^ s .. 1917
Sink fund subsidy g 6 s . . 1910
1 0 2 78
1 0 2 7g 1 0 100*2103*2
31 73
797s Pennsylvania Company—
76*2
78
Guar 1st g 4 *2 S................ 1921
R egistered..................... 1921
Guar 3 * 2 8 coll trust reg.1937
G u a r 3 *2 SColl tr ser B ...1 9 4 1
T r Co ce rtif’s gu g 3 ^ s . 1916
C St L 6c P 1st con g 5s. 1932
103 *2 May’ 03
101 104
R egistered..................... 1932
102 78 May’ 03 . . . . 102 105*4
Cl 6c P gen g u g 4 12 sser A . ’42
1 101
101*4 1 0 1 3^
103 78
Series B .......................... 1942
100 May’03
Series C 3 * 2 8 .................. 1948
109*2 Sep ’ 97
Series D 3 ^ s ..................1950
9 9 3 4 J ’ ue’03
99 34 10038
Erie 6c P i t t s g u g 3 *2 S B .1940
100
100
99
D e c ’02
S en es C .......................... 1940
100*8 A p r ’03 . . . . 10038 1 0 0 * 8
N & C Bdge gen gu g 4 *2 8 1945
99*o N ov ’02
P C C & St L gu 4 * 2 8 A . . . 1940
88
90
40 8 8
94 78
S en es B gu ar................ 1942
77 87*4 91
87*2
89
Series C guar................ 1942
90 May’03
89
92 78
Series D 4s guar........... 1945
91 J a n ’03
91
91
Series E 3 * 2 giiar g ___ 1949
108 May’ 03 s 4 107*4 108
Pitts F t W & C 1st 7 s ... 1912
106 J ’ne’98
2 d 7 s................................. 1912
3d 7 s..............................51912
Penn R R 1st real est g 4 s . 1923
Consol sterling g 6 s ....... 1905
95 A p r ’02
C onvertible g 3 * 2 8 ...........1912
107*o J ’ly ’ 00
Con cu rrency 6 s reg ...# 1 9 0 5
Consol gold 5 s..................1919
1 1 0 * 4 D e c ’01
High
Bid
Ask L010
M-S
11638 M ar’ 02
M-S * .........127*2 125*2 A ug’ 02
75 J ’ne’ 02
M-S
113 N ov ’99
M-S
J-J * 99*2......... 97*2
97*2
M-S 107*2......... 107*2 J ’ ne’ 03
91
J -J * 90
91
91*2
F-A
113 M ar’ 03
F-A 11134 ......... 1 1 1 * 2 J ’ne’ 03
F-A 109*8......... 115 D e c ’ 01
95 ......... 110 M ar’03
A -0
M-S
100 M ar’ 01
M
A -0
A-O
M etropol E l 1st g 6s___1908 J -J
Man S W Coloniz g 5s___1934 J-D
M cK ’pt & B V See N Y Cent
M etropolitan El See Man Ry
M ex Cent consol gold 4 s.. 1911 J -J
1st consol incom e g 3 s.a l9 3 9 J ’ly
2d consol incom e g 3 s ..a l9 3 9 J ’ly
E quip & coll gold 5 s....... 1917 A-O
2d series gold 5s.......... 1919 A-O
Coll tr g 4 * 2 8 1st Ser___ 1907 F-A
M ex Internat 1st con g 4s. 1977 M-S
Stamped guaranteed___1977 M-S
M ex N orth 1st gold 6s___1910 J -D
Mich Cent See N Y Cent
Mid of N J See Erie
Mil L S <fc W See Chic & N W
MU 6c Mad See Chic & N W
MU 6c N orth See Oh M & St P
Minn 6c St L 1st gold 7 s.. 1927 J-D
Iow a E x 1st gold 7 s ....... 1909 J-D
Pacific E x 1st gold 6 s ... 1921 A -0
South W est E x l s t g 7 s .1910 J-D
1st consol gold 5s............ 1934 M-N
1st and refund gold 4s. .1949 M-S
Minn 6c St L gu See B C R & N
M<fc P 1st 5 s s tp d 4 s in tg u 1936 J -J
M S S M 6c A 1st g 4 in t gu 1926 J -J
M St P & S S M con g 4 in t gu ’ 38 J -J
M in n U n See St P M &M
Mo K an & T e x 1st g 4 s ... 1990 J-D
2d gold 4 s.........................<71990 F-A
1st e x t gold 5 s..................1944 M-N
St Li D iv 1st re f g 4 s ___2001 A -0
Dal & W a 1st gu g 5s. ..1940 M-N
K an C 6c P ac 1st g 4 s ... 1990 M-S
M K6c T o f T l s t g u g 5 s .l9 4 2 J-D
Sher Sh 6c So 1st gu g 5s. 1943 F-A
T ebo & N eosho 1st 7 s ... 1903 J-D
Mo K & E 1st gu g 5 s.... 1942
A-O
M issouri P acific 3d 7 s....... 1906 M-N
1st consol gold 6s.............1920 M-N
T ru st gold 5s stam ped.al917 M-S
R e g is te re d .................a l9 1 7 M-S
1st coU gold 5 s..................1920 F-A
Cent B r R y 1st gu g 4 s .1919 F-A
Leroy & C V A L i s t g 5 s 1926 J -J
Pac R of M o 1st ex g 4s. 1938 F-A
2d extended gold 5 s ... 1938 J -J
St L Ir M & Sgen con g 5sl931 A -0
Gen con stamp gtd g 5s 1931 A -0
U nified 6c ref gold 4 s .. 1929 J -J
V erdi V I 6c W 1st g 5 s .1926 M-S
Mob & Birm prior lien g 5s 1945 J -J
M ortgage gold 4 s.............1945 J -J
Mob Jack 6c K C 1st g 5s. 1946 J-D
Mob & Ohio new gold 6 s.. 1927 J-D
1st extension gold 6 s . 1927 Q-J
General gold 4 s .......... ...1 9 3 8 M-S
M ontgom D iv 1st g 5 s.. 1947 F-A
St L 6c Cairo coU g 4 s..e l9 3 0 Q-F
Guaranteed g 4 s.......... 1931 J-J
M & O coll 4s See Southern
Mohawk 6c M ai See N Y O 6c H
Monongahela R iv See B & O
Mont Cent See St P M 6c M
M organ’ s La 6c T See S P Co
Morris 6c Essex See D ei L 6c W
XT ash Chat <fe St L 1st 7s. 1913 J -J
1st consol gold 5 s.........1928 A-O
Jasper Branch 1st g 6 s.. 1923 J-J
M cM M W & A1 1st 6 s.. 1917 J-J
T <fe P Branch 1st 6 s___1917 J -J
Nash F lor 6c Slief See L & N
Nat of M ex prior lien 4*28.1926 J -J
1st consol 4 s..................... 1951 A-O
N ew H & D See N Y N H A H
N J June R R See N Y Cent
New 6c Cin B dge See Penn Co
N O <fe N E prior Uen g 6s p l9 1 5 A -0
N Y B kln 6c Man Boh See L 1
N Y Cent 6c H R iv g 3 ^ s. 1997 J -J
R egistered..................... 1997 J-J
D ebenture 5s o f . . . 1884-1904 M-S
R egistered.......... 1884-1904 M-S
R egist deb 5s o f . ..1889-1904 M-S
Debenture g 4 s___1890-1905 J-D
R egistered.......... 1890-1905 J-D
Debt certs ex t g 4 s.........1905 M-N
R egistered..................... 1905 M-N
Lake Shore coU g 3 *2 S ... 1998 F-A
R egistered..................... 1998 F-A
M ich Cent coll g 3 * 2 8 ___ 1998 F-A
R egistered..................... 1998 F-A
Beech Creek 1st gu g 4s. 1936 J-J
R egistered..................... 1936 J-J
2d gu gold 5 s................ 1936 J -J
Beech Cr E x t 1st g 3 *2 S 51951 A-O
Cart & A d 1st gu g 4 s ... 1981 J-D
Clearf B it Coal 1st s 14s. 1940 J-J
G ouv & Oswe 1st gu g 5s 1942 J-D
M oh & M ai 1st gu g 4 s .. 1991 M-S
Incom e 58.......................1992 Sep
101 34 Sale
111*4 112
97 Sale
24 Sale
J 6 *2 Sale
* .........
99
97
.........
14034 142
115*2.........
99
.........
98
Sale
8 0 * 4 Sale
101 Sale
* .........106
8734 .........
101 Sale
il) 8 * 2 .........
108 .........
118*2.........
10358 Sale
i'04 Sale
......... 93*4
* 1 0 2 * 8 .........
1 1 2 34 ..
112 Sale
*......... 1 1 1 * 2
87 34 Sale"
i l 2 *2 .
......... 9 3
122*2
Sale
* ......... 1 1 4 1 - 2
Bid
*105
105
P
102
77
.........
Sale
........
........ 1 0 2 * 2
1 0 1 78 .........
* ......... 1 0 2
*101
9934 .........
* 98
99*4.........
88
Sale
89 Sale
......... 89
87 .........
108*4.........
ov’01
IO 934
10934
109
1 0 0 34
109
1 1 1 56
120 *s
1 109
I
11134
109 111*2
10034 103 ***8
10 1 0 1
5 101
101
101*4 101*4
105 J a n ‘ 03
114 F e b ’ 02
1 0 2 34
105
105*2
105
Jan ’03
J a n ’ 03
124
139
124
139
112 May’03
123*2Mar’03
127 J ’ne’02
110 D e c ’01
1 0 6 * 2 N ov’OO
112
112*8
124
139
123*2125*2
11578 May’00
117
117*8
102*2
Sale
119*2 D e c ’02
117*8 117*8
11334 J a n ’02
117*8 122*4
1073g F e b ’ 03
10738107*2
102
102*2 14 102 105
103 May’ 03
102 10334
123*8
1 3 1 34
Apr*03
12834 131s4
106
104
106*4 May’ 03
105 May’ 03
105 106*4
10334 105
100*4 Sale
100*8
101
100*2
15
114 F e b ’03
133 *2 A p r ’03
132 128 A p r ’03
132*4 Jan ’03
98*4 Sale
98
98 7s 48
100 *2 J a n ’ 02
89
90*4 85
89 *2 Sale
107 ....... 107*2 J ’l y ’ 01
"2
99
99
102
Sale
71 * 2 Sale
99
103*2
100*8 101
May’03
13034
114 115*4
133 133*2
128 128
132 132*4
9734 1 0 1 7s
89
94
9 8 *8 i o i
98 101*2 104
l o 100 103*8
7078
72*4 109 7078 7 3 78
70*2 M ar’03
70*4 72*4
10134
102
1 0 1 7e
i o i 78
98
1 0 2 *2 M a y ’02
125
115*2
125 A p r ’ 03
132 J ’l y ’99
118 N ov ’ 0 2
110 Oct ’ 02
96*2 M ar’03
94 *2 F e b ’02
116*2 May’03
114*2 M a y ’ 03
10 8 *2 J ’l y ’ 02
114
114*2
*102
102
102
102
111
99
102
102
A p r ’ 03
A p r ’ 02
102
102
O
i i f * 2 .........
105*2N
........ . 10034
101
10034 .......
l O l 1* Sale
R ange
S in ce
S
©
5: ^ J a n u a r y 1
High No Low High.
Oct ’ 02
A s k Low
10934 Sale
109 .......
101
Week's
Range or
Last Sale
LXXVI,
96*2 98
il5 * 4 i 16*2
10734 l l 0
106 109*2
10834 10978 110
105 . . . .
106
89 . . . .
102
96
......... 96
96
93
J ’ne’ 03
M ar’03
N ov’98
Mar’ 03
D e c ’02
1 2 2 * 4 F e b ’03
121
Oct ’00
102
N ov’OO
96
127
127
102
95 *8 Sale
97
1.22*4 i*23‘
110*4114*2
1 10®8 111 *2 1 1 0 * 4 J ’ne’03
1 1038 J ll* 2 1103s May’ 03
116*2 F e b ’ 01
*125
*125
127
110*8112
106*4 N ov’02
96 J a n ’03
127*s Oct ’02
128 J a n ’ 03
130 A p r ’01
104 A p r ’03
95*2 301
96
96
128
128
104
104
94
107*8
2 102
103
102
82*2
85 115 79
L15 J ’ne’02
107 May’97
80 May’97
106*4 F e b ’02
105 ‘ O c t ’ 00
105
9634
94
110
M ISC ELLAN E O U S BONDS—Continued 011 Next P age
T eleg ra p h and T elephone
Am Telep & T el coll tr 4s 1929
Comm Cable Co 1st g 4 s ..2397
R egistered....................... 2397
E rie T 6c T col tr g s f 5 s.. 1926
Met T 6c T 1st s f g 5 s ...... 1918
M u t U n T el Co See W estn U n
N Y & N J T el gen g 5 s.. 1920
N o W estn T eleg See W est U n
W est Union col tr cur 5s. 1938
Fd and real est g 4 * 2 S . . . 1 9 5 0
M ut Un Tel s fund 6 s ...1911
N orthw estern T el 7s___ 1904
C oal and Iron
J -J
96*2 A p r ’03
96*2 100*2 A p r ’02
1 0 0 * 2 Oct ’ 0 0
109 O c t ’ 99
114 N ov ’ 02
Q-J
-J
-J
M-N
M-N
105*4
108*4 A p r ’03
J -J
M-N
M-N
J -J
........ 110
110
102*2 103*2
............ 1 0 7 * 2
1 0 2 3s
109
May’03
102*8
A p r ’03
C oa! and Iron
96*2 96*2 Col F 6c I Co gen s f g 5 s.. 1943 F-A 103
C onvertible deb g 5 s___1911
Gr R iv Coal 6c C l s t g 6 s .. 1919
Jeff 6c Clear C 6c 1 1st g 5s. 1926
2d gold 5 s......................... 1926
K an & H C 6c C 1st s f g 5 s.l9 5 1
108*4 108*4 Pleas V al Coal 1st g s f 5s. 1928
Roch<fc P itC A - Ip u r m 5s. 1946
Tenn Coal T D iv I s t g 6 s .a l9 1 7
109 110
Birm D iv 1st consol 6 s .. 1917
10 102 105
Cah C M Co 1st gu g 6 s. 1922
109 109
De Bar C 6c I Co gu g 6 s .1910
V a Iro n Coal & C l s t g os. 1949
W h L E & P C Co 1 st g 5 s .1919
........
F-A
84*2 Sale
A-O * .........108
J-D
J-D
J -J
J -J
M-N
A -0 101 103
J-J 108 1 1 2
J-D
F-A .........1 0 2
M-S
76*2 Sale
J-J
Cah Coal M in See T C I & R
M anufacturing A Industrial
Clear! B it Coal See N Y C <fc H
Am er B icycle s f deben 5s 1919 M-S
Col C 6c I D ev Co gu g 5s. 1909 J -J
55 N ov’OO
Am Cot Oil ex t 4 *2 S.......... 19L5 Q-F
112 112
Col Fuel Co gen gold 6 s . . . 1919 M-N
112 A p r ’03
J ’ly
No price Friday; latest bid and asked this week, a Due Jan b Due Feb e Due May # D u e J ’ne
103
112
105
102
76
32
J ’ne’03
M ay 03
F eb’00
Mav’03
77
Jan ’00
103 10734
105*8112
—
7
34 F e b ’03
97*2 15
......... 97*2 9634
p Due N ov s Option sale.
101
102
76
81
34
42*2
9634 101
Bond Record—Concluded—Page 4
J une 13, 1903. J
HOMh
P r ic e
F r id a y
J u n e 12
N . V. S T O C K E X C H A N G E
WKKK. ENDING JUNK 12
W eek' 8
Ran<j>- or
L a st S a le
5 *w|
R ange
S in ce
•S5© J a n u a r y 1
A s k L ow
H ig h Xo\\Low H i g h
H id
B e n n U K —( C o n tin u e d j
C o u s o l g o ld 4 s .................... 1943
108
102 N o v ’ 97
A l l e g V a l g e n g u g 4 » . . . 19421
1 1 2 4 M a r ’ OO
C l <fe M u r 1st g u g 4 4 * - - 1 9 3 5
D R R R<fe B g e 1st g u 4 s g . ’ 36
i l l ” D e c ’0 2 1
O r R tte l e x 1 -*t g u g 4 4** 1941
S u n A L e w is 1st g 4 8 ...1 9 3 0
117 M a y 0 0
U N J RR
C an g e n 4 s . 1944
111
P e n s a c o la <fe A t l See L & N a sh
P en <fc L a s t See C C C <& S t L
124 4 A p r *03
P e o ib P e k U u 1st g Os___ 1921
1244127
101
O c t *00
2d g o ld 4 4 a ........................ 61921
1 2 0 4 M a y ’ 03
P o r e M a rq — F<fc P M g Os. 1 9 2 0
119
1214
109 M a y ’03
1st c o u s o l g o ld 3 s ...........1 9 3 9
107
109 111
109 M a y ’ 0 3
P t H u r o n D iv 1 s t g 5 s . l 9 3 9
109 1 1 3
109
S a g T u s t b H 1 s t g u g 4 8 .1 9 3 1
P in e C re e k r e g g u a r Os. ..1 9 3 2
137 N o v ’ 97
P it t s C iu cfc -St L S e e P e n n C o
107 4 O c t *98
P it t s C le v cb T o l 1 st g O s.. 1922 A O
P it t s F t W <fc C h S ee P e n n C o
120 O c t *01
P it t s J u n e 1st g o ld Os........ 1922
112 4 D e c *02
P it t s iSc L E rie 2d g 5 s . ..a l 9 2 H
P itt s M c K e e s cb V SetiN Y C e u
P it t s S li <te L K 1 st g 5 s ...1 9 4 U
119 N o v *02
1164
9 8 J ’ l y ’ 97
1 s t c o u s o l g o ld 5 s .............. 1 9 4 3
P it t s tb 'V e s t 1 st g 4 s .........1917
1004101 100 4 M a r ’ 03
1004 1004
J P M cb C o c o r t f s .....................
1 0 0 4 F e b ’03
1004 1004
P itt s Y cb A s h 1 st c o n 5 s . 1927
120 4 D e c ’ 02
e a d in g C o g e n g 4 s ......... 1997
9 7 4 159 95 4 9 8 4
954
97
S a le
*R e g is t e r e d ........................ 1997
9 6 M a y ’ 03
90
96
9 0 4 S a le
J e r s e y C e n t c o ll g 4 s . . . 1951
9 0 4 ” 28 9 0 4 9 0
904
R e n s s e la e r <b S a r S ee D <b H
R ic h <b D a n S ee S o u th R y
R ic h <b M e e k S ee S o u th e r n
B io O r W e s t 1 st g 4 s ...........1939
9 7 S a le
97
9 8 4 44 94
99
C o n s o l a m i c o l t r u s t 4 s .1 9 4 9
91
M a y ’ 03
92
........ 90
88
U t a h C e n t 1 st g u g 4 s . a l 9 1 7
97 J a n ’ 02
R io G r J u n o 1 st g u g 5 s . -.1 9 3 9
1 1 0 4 F e b *03
11041124
R io g r S o 1 s t g o ld 4 s ...........1 9 4 0
82
8 0 4 J ’ ly *02
G u a r a n t e e d .......................... 1 9 4 0
9 2 M a r ’ 03
5 5 ” ” 92”
R o c h <b P it t s See B R <fc P
R o m e W a t <fc O g S ee N Y C en t
R u t la n d 1 s t c o n g 4 4 a ____1941
R u t-C a n a d 1 s t g u g 4 4 a . 1949
1 0 1 4 N o v ’ 01
a g T u s cb H s e e P e r e M a r q
a lt L a k e C 1 s t g s i O s ..1 9 1 3
S t J o <b G r Isl 1 st g 3 -4 S ..1 9 4 7
87
8 8 M a y ’0 3
87
94
S t L a w cb A d ir o n l s t g 5 s . 1 9 9 0
2 d g o ld Os..............................1 9 9 0
S t L cb C a ir o See M o b cb O h io
S t L cb I r o n M o u n t S ee M P
b t L K C <fe N See W a b a s h
S t L M B r S ee T K K A o f S t L
S t L tfc S F ra n 2 d g Os C l B 1 9 0 0
105 M a y ’03
105 106
1044
2d g o ld 6 s C la ss C ............ 1 9 0 0
103 4 M a y ’ 03
1 0 3 4 106
1044
1274
G e n e r a l g o ld 6 s .................. 1931
127 4 M a y ’ 03
1274129
G e n e r a l g o ld 5 s .................. 1931
1 1 3 4 J ’ n e ’ 03
1 1 0 115
1134
S t L <b S F R R c o n s g 4 s . . ’ 90
9 5 4 J a n ’ 03
95 4 9 5 4
S o u t h w D i v l s t g 5 s . .1 9 4 7
1 0 0 J ’ n e ’ 03
100 100
R e fu n d i n g g 4 s ............. 1951
8 5 ........ . 8 4 4
8 5 4 158 8 4 4 9 1 4
K C F t S cb M c o n g 6 s . . 1 9 2 8
117
........ . 1 1 8
1 118 124
118
K C F t S cb M R y r e f g 4 s 1 9 3 0
8 4 4 S ale
S4
8 5 4 32 8 4
884
R e g i s t e r e d ........................ 1 9 3 0
S t L o u is S o S ee I l lin o is C e n t
S t L S W 1st g 4 s bd c t f s .1 9 8 9
9 3 4 S a le
934
9 3 4 •Jo 9 3 4 9 7 4
2 d g 4 £ in c b o n d c t f s . . . p l 9 8 9
804 854
........ 7 9
8 0 4 J ’ n e ’0 3
C o n s o l g o ld 4 s .....................1932
........ 7 8
86
79
7934 110 7 9
G r a y ’ s P t T e r 1 st g u g 5 s 1947
S t P a u l cb D u l S ee N o r P a c ific
8 t P a u l M cb M a n 2 d O s .. . 1 9 0 9
1 1 0 .......... 1 1 3 4 F e b *03
11341134
1 s t c o n s o l g o ld Os...............1 9 3 3
1 3 1 .......... 132
132
25 1 3 1 4 1 3 5 4
R e g i s t e r e d ........................ 1 9 3 3
1 4 0 M a v ’ 02
R e d u c e d t o g o ld 4 4 a . . 1 9 3 3
110
111 M a y ’ 03
109 1 1 1 4
R e g is t e r e d .................... 1 9 3 3
...................... 1 1 0 4 A p r ’ 01
D a k o ta e x t g o ld Os.......... 1 9 1 0
111 1 1 4
1 1 1 4 ..........1 1 1 4 M a y ’ 03
M o n t e x t 1 s t g o ld 4 s ___ 1 9 3 7
100
1024M ay*03
1 0 2 104
R e g is t e r e d ........................ 1937
1 0 0 M a y ’ 01
E M i n n 1st d iv l s t g 5 s . .1 9 0 8
102
1 0 4 M a y ’ 03
10341054
R e g is t e r e d ........................ 1 9 0 8
N o r D iv 1 s t g o ld 4 s ___ 1 9 4 8
M in n U n io n 1 s t g Os___ 1 9 2 2
1 2 8 A p r *02
M o n t C 1 s t g u g Os.......... 1 9 3 7
134 M a r ’ 03
130
134
1344
R e g i s t e r e d ........................ 1 9 3 7
115 A p r ’ 97
1 s t g u a r g o ld 5 s ............ 1937
1184119
1 1 8 4 M ay’03
11841184
W i l l cb 8 F 1 s t g o ld 5 s . .1 9 3 8
1 2 5 4 F e b ’02
S t P <b N o r P a c S ee N o r P a c
b t P cb S ’ x C ity S ee C S t P M cbO
f i F e P r e s <fc P h 1 s t g 5 s . ..1 9 4 2 M -S
1 1 1 A ug*01
S A cb A P S ee S o P a c C o
8 F & N P 1 s t s in k f g 5 s . 1 9 1 9
11334 D e c *01
109
S a v F <b W 1 s t g o ld Os___ 1 9 3 4
126
1 2 8 O c t *02
1 s t g o ld 5 s ............................1 9 3 4
123 D e c ’99
1134
S t J o lin ’ s D i v l s t g 4 s . . . 1 9 3 4
9 5 4 N o v ’ 01
A l a M id 1 s t g u g o ld 5 s . .1 9 2 8
111 A p r ’ 03
111 11234
*1094
B r u n s cb W 1 s t g u g 4 s . .1 9 3 8
87
A u g ’ 01
S il S p O ca <b G g u g 4 s . .1 9 1 8
95
964
9 5 4 M a y ’ 03
S c io t o V a l cb N E S ee N o r cb W
S e a b o a rd A i r L in e g 4 s .. . 1 9 5 0
7934 S a le
783 4
79*4 33 7 8 34 8 4 4
C o ll t r r e fu n d g 5 s ..........1911
101 102 101
4 101
1034
1014
S e a b cb R o a 1 s t 5 s .................1 9 2 0
11141114
1 1 1 4 ........ 111 4 M a y ’ 03
C a r C e n t 1 s t c o n g 4 s . . . 1949
9 4 .........
9 5 4 F e b ’ 03
95 4 9 5 4
S h er S lir <b S o S ee M K cb T
S il b p O ca <b G S ee S a v F cb W
S o d B a y <b S o 1 s t g 5 s ........ 1 9 2 4 J-J
102 J a n *03
102 102
S o C a r <b G a S ee S o u th e r n
So P a c C o— C o il tr g 4 4 s . . 1 9 0 5
4 97
97
9 7 4 97
974
1004
G o ld 4 s (C e n t P a c e s * !* -P I 9 4 9
74 8 5 4 9 2 4
87
S a le
854
88
R e g i s t e r e d ................... AT 9 4 9
9 5 A p r ’ 02
A cb N W 1 s t g u g 5 s ___ 1941
105 4 F e b *03
105 4 1 0 5 4
C e n t P a c 1 s t r e f g u g 4 s 1949
98
9 8 4 6 0 9S
102
9 8 4 S a le
R e g i s t e r e d ........................ 1 9 4 9
9 9 4 M a r ’ 03
994 994
M o r t g u a r g o l d 3 4 s ..A T 9 2 9
S i” *85“
884
844
84 4 ” 2 84
R e g i s t e r e d .................A 1929
G a l H a r cb S A 1 s t g O s .. 1 9 1 0
104
........ 1 1 0 4 F e b ’ 03
1104112
2 d g o ld 7 s .......................... 1905
100
........ 105
F e b *03
105
105
10741094
M e x <b P a c l s t g 5 s ___ 1931
* 1 0 3 4 ........ 1 0 9 4 J a n ’ 03
G ila V G & N 1 s t g u g 5 s . 1924
109 4 F e b *03
103 100
109 4 1 0 9 4
H o u s E cb W T 1 s t g 5 s . 1 9 3 3
105
M a y ’ 03
105 1 0 5
1 s t g u a r 5 s r e d ............1 9 3 3
1 0 2 4 D e c * 02
H
S
UONUs
N. Y . STOCK E X C H A N G E
W e e k E n d in g J u n e 12
1291
«•
P r ic e
J'Yiday
J u n e 12
Week* s
R ange or
L a st S a le
R ange
S in ce
i l
:c ■
/ * 1J a n u a r y 1
H id
A 8k L ow
H ig h A o L o w H i g h
b o n th urn P a c C o—(C o n t in u e d )
1 110
110
.......... 1 1 1 4
112
1114
11 cb T C 1 st g 5 h in t g u .,1 9 3 7 J
M ar*03
111
11 2
107
.......... 111
C o n s o l g Os in t g u a r . . . 1 912 A
9 2 M a y ’ 03 . . . .
.......... 9 L
9 0 4 94 4
G e n g o ld 4 m in t g u a r .. 1921 A
127 4 F e b *02 —
WftCOcb N W d iv lHt g O s ’ 30 M
.......... ............
XLrO mmmmm*
M o r g a n ’ s L a cb T 1 st 7 s . 1918 A
11 8 .......... 12 2 S en ’ <*2 —
1 st g o ld Os....................... 1 920 J
.......................
N Y T c b M e x g u l s t g 4 s . 1912 A
105
N o o f C a l 1 st g u g Os----- 1907 J
113 J a n ’ 01
115
G u a r a n te e d g o ld 5 s ___ 1938 A
105 4 N o v ’ 01
98
O re cb C al 1 st g u a r g 5 s . 1927 J
5 7 8 4 86 4
78 4
79
.......... 79
S A cfe A P a ss l s t g u g 4 s . 1943 J
10 9
.......... 1 1 0 4 A p r ’ 03 . . . . 1 1 0 4 1 1 0 4
b o P of A r g u ls t g 6 s ...c l 9 0 9 J
110
.......... 111 4 A p r ’ 03 . . . . 111
1114
1 s t g u a r g Os................ C1910 J
10534
1 0 2 u4 ..........J 103 4 M a v ’03 . . . . 10 3
b P o f C a l 1 s t g 6 s ............1905 A
.
.
.
.
1 0 4 4 104 4
1 st g Os s e r ie s B ............1 9 0 5 A
1 0 3 4 .......... 104 4 M av’ 03
10 5
.......... 100 4 M ay’ 03 . . . . 1 0 5 3 4 1 0 0 4
1 s t g Os s e r ie s C cb D . .. 1 9 0 6 A
1 st g Os s e r ie s E cb F .. .1 9 1 2 A
1 1 5 4 .......... I I 934 F e b ’ 03 . . . . 1 1 9 4 1 1 9 3 4
113 4 .......... 119 M a r ’ 03 •••• 119 I I 934
1 st g o ld O s........................ 1912 A
n o
1 0 8 4 .......... 110 M a y ’ 03 . . . . n o
1 s t c o n g u a r g 5 s ..........1937 M
10© .......... 107 4 M a y ’ 03 . . . . 1 0 7 4 n o
S t a m p e d ........ 1 9 0 5 -.. 1937 M
112 1 1 2
112 M a y ’ 03 —
.......... 112
b P a c o f N M e x 1 st g O s .. 1911 J
b P C o a st 1 st g u g 4 s ----- 1937 •J
108 M a y ’ 02
.. 107
T e x cb N O 1 s t 7 s ...............1905 S
.... m
1 1 1 4 O c t ’ 02 . . . .
S a b in e D i v l s t g Os___ 1912 M
105 A p r ’ 03 . . . . i o i
105
..........107
C o n g o ld 5 s ...................... 1943 J
33 114 34 1 1 8 4
11534 s a le i i 5 3 s n o
S o u t h e r n —1 st c o n g 5 s ----- 1994 J
117
117 F e b *03 . . . . n o
R e g is t e r e d ........................ 1994 J
93 J ’ n e ’ 03 . . . .
92
97 4
* 90
93
M o b cb O h io c o ll tr g 4 s . . 1938 M
1 13
.......... 112 4 A p r ’ 03 . . . . 1 1 1 * 4 1 1 3 4
M e m D iv 1 s t g 4 4 - 5 s . . . 1 9 9 0 J
953.4 9 0 4 9 0 4 J ’ n e ’ 03 . . . .
95 4 98 4
S t L o u is d iv 1 s t g 4 s . ...1 9 5 1 J
120 M a r ’ 01
A la C e n R 1 st g 6 s .......... 1 9 1 8 J
05
D e c ’ 02
A t l cb D a n v 1 s t g 4 s ........ 1 948 J
A t l <b Y a d 1 s t g g u a r 4 s . 1949 A
1 20 S ep ’02
C o l <b G r e e n v 1 s t 6 s ........ 1 9 1 6 J
I I 5 3 4 .......... 1 1 6 4 M ay*03
115 1 1 6 4
E T V a cb G a D iv g 5 s . . 1 9 3 0 J
* .......... 1 1 5 4 115 M ay *03 . . . . 115 1 1 9 4
C o n 1 s t g o ld 5 s ...............1 9 5 6 M
.
.
.
.
J 14 11534
114 J a n ’03
..........112
E T e n r e o r lie n g 5 s ........ 1 9 3 8 M
G a P a c R y 1 s t g Os.......... 1922 J
* 1 2 2 4 ........ 122 M a r ’ 0 3 . . . . 1 22 12 4
*122
124 4
.......... 124 4 F e b ’ 03 . . . . 12 3
K n o x cb O h io 1 s t g Os. ..1 9 2 5 J
118 A p r ’ 03 . . . . 1 1 0 4 11 8
1 1 0 4 120
R ic h cb D a n c o n g Os----- 1 915 J
101 4 J ’ ly ’ 00
99
E q u ip s in k fu n d g 5 s , .1 9 0 9 M
1 0 9 4 .......... 109 4 A p r ’ 03 . . . . 109 l l i 3 *
D e b 5 s s ta m p e d ...............1 927 A
92 b e p ’ 02
R ic h cb M e e k 1 s t g 4 s . . . 1 948 M
0 1044108
104 10 5
b o C ar <b G a 1 s t g 5 s ----- 1919 tW1044
105 4
1 14
.......... 123 F e b ’ 02
V ir g in ia M id s e r C 6 s . . .1 9 1 0 M
110
.......... 112
112 11 2
F e b ’ 03
S e r ie s D 4 -5 s .................. 1 9 2 1 M
Ill
112
115 J a n ’ 03
115 11 5
S e r ie s E 5 s ........................1 9 2 6 M
113
2 n o
n o 4
.......... 1 1 3 4 113
G e n e r a l 5 s ........................ 1 9 3 0 M
112
.......... 113 4 M a y ’ 03 . . . . 1 1 3 4 1 1 3 4
G u a r s ta m p e d ............1 9 3 0 M
93
93
.......... 9 3
85
F e b '0 3 . . . .
W O cb W 1 s t c y g u 4 s . . 1924 F
1154
W e s t N C 1 s t c o n g 6 s . . 1914 J
1 1 5 4 .......... 115 4 M a r ’ 03 i . - - 11 5
S <fe N A la S ee L A N
1234
117 J ’ ly ’ 0 0
S p o k F a lls <b N o r 1 s t g 6 s . 1939 J
90
.......... 1 0 4 4 S ep *02
S ta t i s l R y 1 st g u g 4 4 s . . 1943 J
S u n b cfe L e w S ee P e n n R R
S y r a B in g cb N Y S ee D L cfe W
'l 'e b o c f e N See M K cfe T
2 109 1 1 2 34
1114
1 e r A o f S t L 1 st g 4 4 s --1 9 3 9
1 1 1 4 S a le 1 1 1 4
1 17
.......... 1 1 0 4 A p r ’ 03 . . . . 1 1 6 4 1 1 8
1 s t c o n g o ld 5 s ........ 1 8 9 4 -1 9 4 4
11738 1 1 7 4
117 7s M a r ’ 03 —
St L M B ge T er gu g 5s. 1930
- .......... 1 1 4
T e x cfe N O See b o P a c C o
102
102
98
.......... 10 2 M a y ’ 03
T e x cfe P a c E D i v 1 s t g 6 s ..1 9 0 5 M -S
49 1 1 3 4 H 8 4
L14 b a le 113 4
1 s t g o ld 5 s ............................2 0 0 0 J -D
114
8 7 M a y ’ 03 •••• 87
10 0
2 d g o ld in c 5 s .................... $ 2 0 0 0 M a i .......... 95
109
.......... 111 J a n ’ 03
111
111
L a D iv B L 1 s t g 5 s ........ 1931 J - J
T o l cfe O C 1 s t g o s ................ 1 9 3 5 J - J
1 12 4 .......... 1 1 2 4 J ’ n e ’ 03 . . . . 1 1 1 4 1 1 3
1 1 3 4 N o v ’ 02
W e s t e r n D i v 1 s t g 5 s . ..1 9 3 5
11 3
...................... 107 F e b ’ 03
107 1 0 7
G e n e r a l g o ld 5 s .................. 1 935
.......... 9 2 4 M a y ’ 03 . . . .
89
90
97
K a n & M 1 s t g u g 4 s ___ 1 9 9 0
__
89
92
89
92
91
M ay ’ 03
T o l P cfe W 1 s t g o ld 4 s . .. .1 9 1 7 J - J
854
.......... 8 5 34
84
0 8 3 34 8 6
T o l S t L cfe W p r lie n g 3 4 s . 1 925 J - J
73
73
73
b a le
1 73
SO
5 0 -y e a r g o ld 4 s .................. 1 9 5 0
94
9 6 34 9 8 A p r ’ 03 . . . .
98
98
T o r H a m cfe B utt 1 s t g 4 s . /t l9 4 0
10 7
.......... 110 A p r ’ 03 . . . . 1 09
ls t e r < fe D e lls t c o n g 5 s 1928
1104
103
94 1 0 1 4 1 0 3 4
n P a c R R cfe 1 g r g 4 s . . 1 947 J - J
1023s S a le 102
102 4 M a y ’ 03 . . . . 10134 103 4
R e g is t e r e d ........................ 1 947 J - J
92 4
9 5 4 4033 9 2 4 1 0 7 4
1 s t lie n c o n v e r t 4 s .......... 1911
95 4 S a le
10541054
1 0 5 4 J a n *03
R e g is t e r e d ........................ 1911
O re R y cfe N a v c o n g 4 s . 1 9 4 0
* 9 7 4 98
974
97 4 11 9 7 4 1 0 2
*125
O re S h o r t L in e l s t g O s.. 1 9 2 2
1 123
127 4
.......... 1 2 5 4
1254
_____ 1 1 2 34 111
114
111
1 111
1 s t c o n s o l g 5 s .................1 9 4 6 J - J
4 s cfe p a r t i c i p a t i n g ___ 1 9 2 7 F -A
9 1 4 S ale
894
9 1 4 357 8 9 4 9 8 4
109
115 N o v ’ 02
U ta h cfe N o r 1 s t 7 s .......... 1 9 0 8 J - J
105
1 1 4 4 A p r ’ 02
G o ld 5 s ................................ 1 9 2 0 J - J
U n i N J R R cfe C C o S ee P a I i R
U ta h C e n tr a l S ee R io G r W e s
U ta h cfe N o r t h See U n P a c ilic
U t ic a cfe B la c k R S ee N Y C e n t
e r V a l I n d & W S ee M o P
ir g i n i a M i d S ee S o u th R y
V a cfe S o u t liw ’ t 1 s t g u 5 s . 2 0 0 3
101
1034
* 1 0 2 4 1 0 3 4 10 3 4 J ’ n e ’ 03
14 114
115
11 8
a b a sh 1 s t g o ld o s ........ 1939
1 1 4 4 .......... 11 4
2 d g o ld 5 s .................... 1939
1 0 5 4 S a le 10 4
1 0 5 4 04 1 0 4 111
1014103
1 0 1 4 A p r ’ 03 . . . . 10 0 1 0 1 * b
D e b e n t u r e s e r ie s A ........ 1 9 3 9 J
S e r ie s B ..............................1939 J - J
7 4 4 S a le
7L
7 5 4 1GS8 6 7
SA\
.......... 104 4 D e c ’ 02
1 s t lie n e q u ip s f d g 5 s . . 1921 M-S 10 1
D e t cfe C h E x t 1 s t g 5 s . .1 9 4 1 J - J
105 .......... 109 M a y ’ 03
10 8
1094
D e s M o in D i v 1 s t g 4 s . . 1939 J -J
.......... 95
9 7 M a y ’ 02
O m D iv 1 s t g 3 4 s ............. 1941
......
84
84
i
81
854
T o l cfe C h D i v 1st g 4 s . . . 1941 M93
M a r ’ 02
S t C h a s B r id g e l e t g Os. 1 908
1 0 8 ib ’9 ’4
109 ^ M a r ’ 03
W a r r e n S ee D e l L a c <fe W e s t
W a s h C e n t See N o r P a c
W a s h O cfe W See S o u th e r n
1 1 6 34 .......... 1 1 7 4 M a y ’ 03
W e s t N Y cfe P a 1 s t g 5 s . . 1937
11741184
G e n g o ld 3 -4 s ...................... 1 9 4 3
9734 1 0 1 4
.......... 9 6 4 9 8 4 A p r ’ 03 . . . .
I n c o m e 5 s .......................... d l 9 4 3
30
4 0 A la r’ Ol
W e s t N o C a r S ee S o u th B y
W e s t S h o r e S ee N Y C e n t
W V a C e n t cfe P 1 st g O s.. 1911 J - J
108
1 1 4 4 J a n *02
W h e e l’ g cfe L E l e t g 5 s . . . 1 9 2 6 A O
.......... 1 1 4 4 112 A p r ’ 03 ___ 112 1 1 6 4
W h e e l D i v 1 s t g o ld 5 s . . 1 9 2 8 J - J
. . . 11 3
113 S ep ’ 02
E x t e n cfe I m p g o ld 5 s . ..1 9 3 0
11 0 1 10
110 M a r ’ 0 3
* .......... 112
90
9 3 34
1 s t c o n s o l 4 s ........................ 1 949
9 1 J ’ n e ’ 03 —
.......... 91
W ilk e s cfe E a s t S ee E r ie
W il cfe S io u x F S ee S t P M cfe M
W in o n a cfe S t P S ee C cfe N W
924
W is C e n t 5 0 -y r 1 st g e n 4 s . 1 9 4 9 J-J
9 0 4 S a le
90
9 1 4 51 9 0
U
Y
W
M ISC ELLAN E O U S BONDS—Concluded.
Manufacturing A Industrial
A m H id e cfe L 1 s t s f g Os. .1 9 1 9
A m S p ir its M f g 1 s t g O s .. 1915
A m T h r e a d 1 s t c o l tr 4 s . . . 1919
B ar cfe S C a r C o 1 s t g 6 s . . . 1942
C on sol T o b a c c o 5 0 -y r g 4 s . 1951
D istil S e c C o r c o n v 1 st g 5 s . *27
D istill o f A m e r c o ll tr g 5 s . 1911
111 S te e l C o d e b 5 s .................1 9 1 0
N o n -c o n v d e b e n 5 s ...........1913
In t P ap er Co 1 st con g 6 s . 1918
K n ic k e r I c e (C h ic ) 1 s t g 5 s . *28
N a t S ta rch M fg C o 1st g O s 1 9 2 0
N a t S ta rch C o s f d e b 5 s . .1 9 2 5
Ktan R o p e cfe T 1 s t g O s ... 1 9 4 0
I n c o m e g o ld 5 s .................. 1 9 4 0
U S L e a th C o s f d e b g O s .. 1 9 1 3
[J S S h ip b ld g c o ll cfe m g e 5 s . ’ 22
1 s t a X 58 g “ A ” .................. 1 9 3 2
M-S
894
M -S
J -J
76
J -J
F -A
61
A -O
6 3 34
J -J * 1 0 0
J -J
A-O
F -A
A -O
M-N
J -J
F -A
....
M-N
F -A
J -J
22 8 9
92
98
89
88
88 M a y ’ 03
944
78
SO
78 J ’n e ’ 03
78
J a n ’ 00
105
821 5 9 4 0 7 34
b a le
61
594
S ale
65
77
112 63
03
.......... 100 M a r ’ 03
9S34 100
J a n ’ 99
99
9 9 4 .......... 100 M a y ’ 02
1 0 5 107
2 10534 n o
1004
1004
F e b ’03
93
93
93
94
95
* .......... 95
95
M a r ’ 03
80
69
70 J ’ n e ’ 03
6 0 .......... 5 9 4
i
594
5 9 4 68
0 34 13 4
6 34
7 4 S ale
7 4 62
1 1 0 4 S ale 1 1 0 4
1 1 0 4 11 1 1 0 4 1 1 4 4
91
91
J a n ’ 03
91
40 J ’ n e ’ 03 ....
40
80
S a le
U S S t e e l C o r p c o l t r 2 d 5 s . d ’ 6S M-N
M is c e lla n e o u s
A d a m s E x c o l tr g 4 s .......... 1 9 4 8 M -S
A m D k cfe I m p o s S ee C e n t N J
A m S S C o o f W V a g 5 s . . . . 1 920 M-N
B ’ k l’ n F e r r y C o 1 s t c o n s g 5 s ’48 F -A
C h ic J c <fe s t Y a r d c o l g 5 s . 1915 J - J
D et M tfe M Id g r in c o m e s .. 1911 A O
H o b o k e n L A I g o ld 5 s . ..1 9 1 0 M-N
M a d Sq G a r d e n 1 s t g 5 s . .1 9 1 9 M-N
M a n B e ll H <fc L g e n g 4 s . . 1940 M-N
N e w p N e S h ip <fc D D 5 8 <11990 J - J
N Y D o c k 5 0 -y r l s t g 4 s . . 1951 F -A
S t J o s e p h S tk Y d s 1 s t 4 4 3 .1 9 3 0 J - J
S t L T e r C u p p le s S ta t’ n
P ro ]
C o 1 st g 4 4 s 5 -2 0 y e a r .. 1 9 1 7 1JS Y u b a W a t C o c o n s O s.. 1 9 2 3 J ■
S p V a l W a t W o r k s 1 st Os. 1 9 0 0 M -S
U S R e d <fc R e f 1 s t s f s 6 s . 1 9 3 1 1 . .
8 5 34 s a le
85
10334
86*s 2057
13 10 3
10 4
104
S a le
100
80
IOO34 J ’ n e ’ 02
7 3 * M a r ’ 03 —
.......... 111 M a r ’ 01
.......... 8 5 J ’n e ’ 03 —
50
9 1 34 S ale
..........
10 1
9 1 34
844
874
106
73
76
83
954
894
95
82
85
F e b *02
9 1 34
26
101
F e b *97
1 0 1 4 .......... 1 1 3 4 J ’ l y ’ 00
82
A p r ’03
. ...
*No price Friday; latest bid and asked, a Due Jan b Due Feb c Due Mar d Due Apr y D u e J ’ne A Due J’ly A: Due Aug p Due Nov q Due Dec
8 Option sale
BOSTON STOCK EXOHANG-E—Stock Record, Daily, Weekly and Yearly
S h a r e P r i c e * - —N ot P e r (J en ru in P r i c e s
Sa tu rd a y
J u n e 6*
M onday
June S
T u esd a y
June 9
6 6 % 68%
67%
92%
9 2 % 92%
*2 5 2
25 1
251
+
145 145
235
*234 236
162
162
162
V
- ..........174
*295
300
298
145
*145
148
119%
*
* .......... 195
'1 6 5
.......... * 165
*275
283
'2 7 5
137%
*1 3 6 1 3 8
*4 2
45
*40
68
92%
254
145
235
164
174
298
145
119%
195
25
26
26
82
82
S l%
*2 2 % 23%
1 9 4 194% 1 9 4
194% 194%
«■
* ..........1 6 8
*
168
*228 232
'2 2 8
* 2 2 8 23 2
20 3 2 0 3
202%
* 2 0 3 20 4
*8 4 %
*84% 86
*85
89
75
75
*76%
* 7 6 % 77
25%
81%
69%
94
*250
145
*230
161
170
*295
1 4 6 34
70%.
94
254
145
236
162
1 70
300
1 4 6 3j
* .......... 195
*1 65
* 2 7 5 28 3
13 8 1 38
*42
45
26
*82
26%
82%
* .......... 21
* .......... 21
* .......... 7 8
* .......... 7 8
* ..........1 0 0
* .......... 100
78% 80
81
81%
*87% 88% *86% 87%
*165
..........
*8 7 % 90
*89
90
* ..........1 1 2 %
112
112
16
16
*16
17
75
75
75
75
5
5
5
5
*1 9
21
*20
21
1 1 8 % 118% 1 1 6 % 1 1 7 %
11 7
11S
118 118
149
150% 147 1 5 0
1 0 % 10%
* 1 0 % 11%
76
76%
76
76
4
4
"4 %
4%
*121
122
* 1 2 0 122
1-2% 13
13
14%
*6%
7
*6 %
6 34
245 245
*225 250
175
175%
* 1 7 6 179
40
40%
40% 40%
8 L% 81%
8 1 % 8 1%
185
*1 8 5
.......... 18 5
1%
1%
1%
1%
50
50
50
50
* ..........136
*10
20
* .......... 2 1 0
210 210
*9
9%
*9
9%
1 0 9 % 109% 1 0 8 % 1 0 8 %
25% 25%
*24
26
*29
30
29
29
*2%
3
2%
2%
101% 103
1 03
103
4 4 % 45
4 4 % 45
29
29
29
29
195
168
232
202%
85
77
21
78
100
7 9 % 80 %
87
S6
T165
90
90
k
112
17
75
6
19
118
118
14/^ 8
10%
76%
122
13%
6 34
251
175
40%
81%
184%
I 'e
45
♦
12
210 210
*9
9%
108% 108%
*25
25 %
*29
30
3
*2 %
103
102
45
45
28% 29%
89%
T h u rsd ay
J u n e 11
64
65%
9 1 % 92
250
250
1 4 4 % 145
*230
..........
1 6 1 % 162
* ..........174
*2 9 5 3 0 0
*144 146
*1 1 8
..........
* ..........195
*165
..........
283
*275 283
137% 136 137
42
*42
45
▼
*
k
*1 5
lb
*5
19
117
117%
145%
1 0 3*
76
*3%
*120
10%
* 6%
250
175
40
81%
184%
'1 %
44
W ed n esd a y
J u n e 10
66
67 %
94
94
250 250
145
145
*230 236
161 % 162
* ..........174
'2 9 5
300
* ..........1 4 7
119% i l 9 %
Last Sale
Last sa le
285 285
1 37 137
Last sale
Last Sale
25
25%
2 5 % 26%
81% 81%
8 2 % 83
2 1 % 21%
1 9 3 % 1 9 4 % 194 1 9 5
* ..........168
Last Sale
'2 2 8
232
Last Sale
*200 202
2 00 200
8 3 % 84% * 8 4
84%
75
75
*7 5
77
45
45
45
45
* .......... 21
Last Sale
*.......... 7 8
L ast Salt
99
99
* .......... 1 0 0
78
78%
79% 80%
87
87
*87% 88%
"1 6 5
.......... L a s t S a l e
90
90
90
90
111
111
*110
111
Last S alt
L a s t. S a l e
Last Sale
*1 5
17
*15% 16%
74
74
7 3 % 74
*4%
6
*4%
6
*18
20
13
38
1 1 5 % 1 16% 1 1 3 1 1 9
1 1 7 78 118
118
118%
145
147
146% 150
1 0 % 10%
10
10%
7 5 % 76
7 5% 76
* 3 % ..........
* 3 % ..........
* 1 2 0 122
Last Sale
1 1 % 12%
13
14
6%
6%
*6 %
6%
250 250
250 250
1 7 2 % 177
178 178
39% 4 0 %
4 0 % 42
81% 81%
8 1 % 81%
184
185
*1 8 3
184
1%
1%
1%
1 '6
44
44
46
47
132
132
125
130
9
9
208% 210
210 210
9
9
*9
9%
108
108% * 1 0 8 111
*25
25%
25
25
*29
30
*29
30
*2%
3
*2%
3
102
1 0 2 % 102 1 0 4 %
44% 44%
44
44
29
29%
2 9 % 29%
8%
8%
89%
Last Sale
3 1 % 32
81% 81%
*•80 ..........
14
15
*91
..........
cc30% 3 0 %
80% 80%
'•80
..........
14
14
92
92
93% 93%
*88
91
29%
to
*•80
*1 3
*91
*8 9
*89
30%
80%
14
92
92
28% 29%
7 8 % 79%
*•80 ..........
12
13
*90
..........
*8 5
90
*8 5
90
29% 3 0 %
79% 79%
Last Sale
12
13
91
91
*38
92
Last Sale
5%
6
5%
5%
5
5%
5%
5%
6
6%
6
6%
5%
6%
6
6%
6
6
0
6%
51% 53%
5 2 % 53%
5 3 % 5 4%
5 1 % 53%
53
55%
*•31%
1
*•50
1
*50
1
*•31%
1
1
1
*9
12
12
*9
12
*9
*9
12
L ast Sale
*21
22
*21
21%
*21
22
21*8 21^8 * 2 1 % 2 2 %
2
3
2
2
2%
2%
2%
2%
2%
2%
*•50
1
*•50
1
*•50
1
•25
-25
*•25
’ 50
9
%
9%
9%
9%
9%
9%
9
9%
9%
9%
26
26
26
26
26
26
2 5 % 26
2 5 % 26%
•70
-TO
*•60
*70
**60
*70
**60
*70
*•60
*70
*3 %
4%
*3%
5
4%
*3%
*3%
5
Last Sale
490 490
*490 495
485
485
470
475
450 474
* *08
*10
*•08
*10
•10
*•08
*•08
*10
Last sa le
18
18%
18
18 % 19
19%
19
20
18
18%
*6%
7
*6
6%
*6%
7
*6
7
7
-7
Last Sale
*1 %
1%
*1%
*1%
1%
1%
1%
- 1 % l 5ie
1%
*14
16
*14
16
*14
16
*14
16
L a s t Sa le
52
53
5 2 % 53%
51% 54%
5 1 % 53
50% 51%
45
45%
4 3 % 45
4 5 % 45%
42
42
42
42
76
76
7 5 % 77%
78
79
76
76%
76
79%
*1 1 2
115
112
112
*112
115
*112
115
*112
115
*2 %
3
*2 %
3
3
3
2%
2%
2%
3
8
8%
9
8%
8
8%
8%
9
*8%
9%
4%
4%
*4%
4%
4%
4%
4%
*1%
2
1%
1%
1%
1%
1%
1%
1%
1%
6 34
7
7
6%
7
7
6%
6%
7
7
*6
7
6
6%
6%
6%
6
6
6%
6%
2
*1%
1%
*1%
*1%
1%
*1%
1%
1%
1%
8%
8%
7%
8
8
S
8
8
'( %
7%
42% 43%
42 \ 4 3
42% 44%
43
43%
4 2 % 43
*5
6
5
5
*4
5
*5
6
*5
6
*1%
1%
*1 %
1%
1%
1%
*1%
1%
1%
1%
*
* ..........
1
* ..........
1
1
* ..........
1
Last Sale
* ..........
1
* ..........
1
a4
%
%
%
%
%
1 2 % 13%
1 4 % 15
14% 14%
14%
12% 13%
14
53
54
53
5 2 % 53
5 4 % 56
53
54
55
22
22
21
21
2 1 % 22
22
22
2 1 % 22
*4%
5
*4
4%
•'4%
5
4%
4%
4%
4%
100
100
99
99
97
99
99
*98
1 00
97
2
2
*2
2%
*2
2%
2
2%
1%
*2
*1%
2
*1%
2
"1 %
2
1%
1%
1%
1%
1
0
%
1
1
%
10% 10%
10% 107*
11
11%
1 1 % 11%
no no
no no
115
116
•115 115
*1 1 1
11 5
Last Sale
Last Sale
84
36 %
84% 85%
8 3 % 84
82
S3
* 8 6 % 87
5%
5%
5
6
5%
5%
5%
5
5%
6%
20% 20%
12
12%
2 8 % 29
4%
4%
6%
8%
67*2 67^2
1%
1%
19%
11%
28%
4%
8%
67
*1%
20%
12
28%
4%
8%
67
2
19%
10%
28%
4316
8
67
1%
20%
11%
29
4%
8%
67
1%
19%
10%
28%
4
8
64%
1%
19%
io %
29
4%
8%
65
1%
19%
11%
29
4 1iq
8%
64%
1%
20%
12
29%
4%
9%
64%
1%
F r id a y
J u n e 12
STOCKS
BOSTON STOCK
EXCHANGE
S a les
o f th e
W eek
S hares
R a ilr o a d s
A tch T op
S a n ta F elO O 8 ,2 1 5
D o p r e f ................. 100
6 56
44
B o s to n & A l b a n y ___ 100
165
B o s to n E le v a t e d ........ 100
5
B o s to n & L o w e l l........ 100
34 7
B o s to n & M a in e ........ 100
Dn nre.f
io n
3
71
B o s to n & P r o v id e n c e 100
16
C b ic J u n c R v & U S Y 1 (Hi
61
100
Do p ref
C o n & M o n t C la ss 4 . 100
fInnn
P oca T?.ivnrpf 1 0(1
3
C o n n e c t ic u t R i v e r . . . 10 0
19 5
F it c h b u r g p r e f ............ 100
H o u s to n E l’ t r i c c o m . 100
M a in e C e n tr a l
100
M a ss E le c t r i c C o s ___ 100 3 ,7 1 2
D o p r e f ................. 100 1 ,3 9 0
30
M e x ic a n C e n tr a l
100
718
X Y N I I & H a r t . . . . 100
N o r th e r n "V IT
i on
N o r w ic h & W o r p r e f 100
O ld C o lo n y ................... 100
16
P e r e M a r q u e t t e .......... 100
600
D o p r e f ................. 100
27 6
R u tla n d p r e f
44
100
S a v a n n a h F.ler, com 1 (Hi
S eattle. F.lertrie,
1 00
4
D o p r e f ................. 100
U n io n P 'a c ific ............. 100 2 ,3 7 4
54
D o p r e f ................. 100
10o
16 8
W e s t E n d S t ............... 50
15
D o p r e f ................. 50
W is c o n s in C e n tra l
1 on
] On
W ore, N a sh <% R o c li 100
M is c e lla n e o u s
16
16
160
A m e r A g r i c u i C lie m . 100
73%
75
596
D o p r e f ................. 100
5
290
4%
A m e r P rie u S e r v ........ 50
*
20
D o p r e f ................. 50
ioo
1 1 9 % 12 L A m e r S u g a r R e t in ___ loo 5 ,2 5 4
978
119
119%
D o p r e f ................. 1 00
1 4 9 % 150
A m e r T e le p tfc T e l e ? . 100 7 ,3 2 8
10%
10% A m e r W o o l e n .............. 100 1 ,2 0 9
75%
76
D o p r e f ................. 100
60 3
R nstnn T.anO
in
50
122
J ’ n e 03 C u m b e r l T e le p & T e l 100
10,000
13%
14
D o m in io n I r o n & S t.
7
200
*6%
E a st B o s to n L a n d ___
77
248
249
E d is o n E le c I l i u m . . . 1 00
560
180
181% G e n e r a l E l e c t r i c ........ 100
42%
4 3 % M a s s ’ ch u s e ttsG a sC o slO O 16,712
82
82%
D o p r e f ................. 100 2 ,5 8 7
235
n s i % 1 8 2 % A le r g e n th a le r L in o .. 1 00
950
1%
1% M e x ic a n T e le p h o n e .. 10
56 3
40
40
N E C o tto n Y a r n p r e f 100
"V F. T'ele.nhnne
1 on
65
130
130
P la n t C nnin n e w r.nm 1(1(1
35
18 7
210
210
P u llm a n C o
1 00
50
R e e c e B u t t o n - H o l e .. 10
21 0
S w i ft & C o _______ . . . 100
*108%
70
*25
25% T o r r in g t o n C la ss A . . 25
26
*29
30
D o p r e f ................. 25
100
*2%
3
U n io n C o p L ’ d <fc M g . 25
105
106
U n it e d F r u i t ................ 1 00 2 ,1 1 1
775
44
44
U n ite d S h o e M a c h .. . 25
600
29%
30
D o p r e f ................. 25
60
......
100
5
D o pref
1 00
A p r ;03 FT S R u lib e r
1 00
15
D o p ref
15
47%
1 00
47%
3 1 % U S S te e l C o r p ............ 100 8 ,4 3 9
30%
81%
D o p r e f ................. 100 2 ,3 9 2
81
•St!
W e s t E n d L and
°=>
656
14
14
W e s t T e le p & T e le g . 100
82
D o n ref
1 00
*93
14
W e s t in g PEl<fc M f g . . . 50
91
91
94
D o p r e f _______
M ay’ 03
50
.M in in s
5%
5% A d v e n t u r e C o n ............ 25 2 ,8 2 0
6%
6% A l l o u e z ........................... 25 5 ,4 0 0
A m a lg a m a t e d C opp erlO O 3 8 ,2 6 9
55%
57
i
525
A m e r G o ld D r e d g in g
5
*•50
10
M ay’ 03 A m Z in c L e a d & S in . 25 ••••••
30
2 2 % A n a c o n d a ....................... 25
*21%
2%
2% A r c a d i a n ....................... 25 3 ,2 0 0
50
A r n o l d ............ ............. 25
*•50
1
520
10% A t l a n t i c ......................... 25
10%
2 7 % B in g h a m C o n Miu<fc 8 50 2 ,0 6 2
27
io o
•70
B o n a n z a ( D e v C o ) . . . 10
*•60
M ay’ 03 B r it is h C o lu m (L t d ) .
5
•5%
12 9
4 .9
C a lu m e t <te H e c l a ___ 25
460
1 0 ..........
OS
M ay’ 03 C a ta lp a (S ilv e r )
C e n t e n n i a l ................... 25 5 ,9 3 6
20
21
20 0
7
C e n t r a l O il................... 25
*6%
1n
' 30
50 0
*1%
1% C o n s M e r c u r G o l d .. .
5
A p r '0 3 C o n t in e n t a l Z i n c ........ 25
15
54% C o n n e r R a n g e C o n C olO O 2 5 ,3 7 8
53%
43
D a ly - W e s t ................... 20 1 ,2 9 6
41%
85 % D o m in io n C o a l............ 1 00 8 ,0 6 0
79%
5
D o p r e f ................. 100
*1 1 2
115
3
3% E lm R i v e r ..................... 12 1 ,1 2 5
9 % F r a n k lin ......................... 25 1 ,4 0 5
9%
i n 4 410
5 1,860
1%
T r G u a n a ju a to C o n s o l ..
815
7%
7% I s le li o y a le (C o p p e r ). 25
M a ss C o n s o l.................. 25 1 ,2 5 5
6%
7
50
*1%
1% M a y flo w e r ..................... 25
8%
8% M i c h i g a n ....................... 25 1 ,1 2 0
44%
45
M o h a w k t ..................... 25 2 ,851
30 0
*5
M o n ta n a C o a l & C o k e 25
5 1 ,5 0 0
1%
1% M o n tr e a l & B o s t o n ..
25
75
926
25
% O ld C o lo n y .
%
133*
O ld D o m in io n ( C o p ) .. 25 3 ,7 6 5
15
57
5 8 % O s c e o l a ........................... 25 1 ,8 8 2
23
P a r r o t t (S ilv & C o p p ) 10 1,461
23
285
*5
6
P h c e n ix C o n s o l t ........ 25
103
100
Q u i n c y ............................. 25
100
2
23g R h o d e I s la n d ................ 25 1 ,1 2 0
56 5
1%
1% S anrn F e (G o ld & C o p ) 10
1 2 % S h a n n o n ......................... 10 2 .6 5 5
11%
365
112
T a m a r a c k ..................... 25
120
'50
M a v ’ llU
25
33
M ar’ 03 T e n n e s s e e ...................... 25
87
T r i m o u n t a i n ................ 25 1,685
89
5%
6% T r i n i t y ....................................... 25 6 ,4 0 4
22 5
18
10 0
18
20%
2 1 % U m t e d S t a t e s A lin in g 25 6 .0 5 2
12
12% U n it S ta te s C o a l& O i] 25 6 ,5 6 5
30
3 0 % U tah C o n ( G o l d ) t r r c 4*85 8 ,0 2 2
4%
4% V i c t o r i a .................................. 25 2 ,8 0 5
9%
10
W i n o n a ........................... 25 4 ,6 4 5
65
964
6 7 % W o lv e r in e ................... 25
34 0
*1%
1% W y a n d o t ........................ 25
70
95 V
251
145
236
167
174
300
*295
144% 144%
119 % n o 1'
M ay’ 03
193
I S 9 V, M n v ’ OlS
*275
233
137
137
M a r’ 03
42
1 7 3 ^ M av’ 03
26%
27%
83
84%
*22%
23%
1 96 ‘ 196 '
T’ n e V ::
16‘6'
J’ n e ’ 03
230
*200
202
84%
85
76
76
k
45
Tan ’ 03
25
F e b ’ 03
SO
k
100
82%
81%
88%
87%
775
.T'tipi’ 02
89%
90
n o
n o
24%
M a r’ 03
Tort *03
150
.T'nfl’ O3
68%
95%
251
145
*230
162
l i a n y c /or Y ea r
1903
L o w est
H ig h est
L a n g e /or P r e v io u i
Y e a r (1 9 0 2 )
L o w est
Hit/Ziest
64 J ’ n e lO
91% J ’ n e lO
2 5 0 J ’ n e lO
142 A p r 2
234 J ’ne 1
161 J 'n e 5
170 J ’ n e 6
298 M ay 26
1 4 4 % J ’ n el'J
1L8 A p r 9
191
A lar 4
16 0 J a n 5
2 8 L% J a n 27
1 3 6 J ’ n e lO
4 2 A la r 9
173 % A Ia y l5
25 J ’n e 9
81% J ’n e 9
21% J 'n e ) 0
4188 % Alay 21
16 5
M ay 15
230 Jan 6
200 J ’n e l l
78 A p r i l
7 5 A p r 14
45 J ’ n e lO
25 J a n 12
75
Jan 5
9 9 J ’ n elU
7 8 J ’n elU
86 J ’n e 9
17 2
A pr 1
8 9% J ’n e l2
11 0 A p r 6
24 % M a r2 8
52
Jan 1 5
15 0 J a n 14
J a n 10 7 4 38 J a n
J a n 10 9 5 % M a r
F e b 4, 2 5 6 % D e c
J a n 5 |149% D e c
A p r b 1236 J ’ ne
J a n 5 1190^ N ov
1171 O ct
3 0 5 M a r l3 2 9 7 % J ’ ne
15 7 J a n 6 150 S ep
125 J ;m ° m 3
X ov
19 6 % M a r2 4 196 N o v
170
AI a r l ' i 10 0 J ’ ne
28 6 F e b 19 2 8 0 O ct
1 4 3 % F e b 10 141
I>ee
42
A lar 9 47
J ’ly
180
F e b 10 172 J a n
3734 F e b 18 3 3 D e c
Jan
9 6 J a n 7 92
22% D ec
225 Jan 7 210 Jan
96%
106
266
173%
248
209
S ep
S ep
Alay
A lar
A pr
A pr
307
172
1
20 2
1 (Ut V
*295
148
50
17 8 V
45%
99
31
254
M ar
Alar
\f nr
Jan
232
212%
91
85
238
A pr
21 7
A pr
85 % S ep
91 J ’ l y
16 J ’ n e 8
73% J ’n e ll
4 % M ay 2 2
15 J a n 2
1 1 5 % J ’ n e lO
117 J ’n e 8
145 J ’ n e lO
10 J ’n e lO
75% J ’n e lo
4 J ’n e b
12 0 J a n 30
1 0 % J ’n e 9
6 % Alay 5
4240 J ’n e 3
1 7 2 % J ’ n e lO
39% J ’n e 4
8 1 % J ’n e lO
1 7 7 % M a r l6
1% M a r l 6
40 J ’n e l2
125 J ’n e l l
9 A p r 24
2 0 8 % J ’ n e lO
9 A la r27
108 J ’ n e lO
25 J ’n e l l
2 9 J a n 21
134 J a n 12
101% J ’n e 8
44 J ’n e ll
28% J ’ne 9
7 34 J ’ n e 2
88 4 J ’n e 2
15 A p r 2 1
47% J ’n e l2
2 8 % J ’ n e lO
7 8 % J ’n e lO
*50 J a n 14
12 J ’ n e lO
90 J ’ ne 5
91 J ’n e l2
19 4 M ay 2 8
19 D e c
F e b 11
F e b 14 7 6 % D e c
A lar 2
4 Jan
A tar 4 21 J ’ ne
.lan 8 i 1 2% N o v
F e b l b 115 J a n
F e b 18 155 A lai
F e b 24
12 D e c
J a n 22
73
A pr
3 34 Alav
127 J a n 6 1 2 2 % A p r
6 2 % J a n 2 25
Jau
834 J a n 23
7 N ov
110 F e b 17 2 4 4 J a n
204
F e b 16 171% O ct
4S34 F e b 2U 3 6 % N o v
8 8 % F eb 17
82 N o v
19 0
F e b 2 1 70 Jan
2 % J a n 29
1% D ec
8 6 J a n 2 S7 N o v
139 J a n 2 135 J a n
2 0 J a u 6 ‘2 1 D e c
*237 J a n 9 2 1 6 J a n
10 F e b 13
6 Jan
132 J a n 5 100 J a n
2 6 34 J a n 15 2 6 O ct
2 9 34 J a n 5 2 8 J a n
1% Aug
5 A p r 21
111 J a n 10 S 5 % J a n
53 Jan 2 46 Jan
3 1 % F e b 5 29 J an
11 % J a n
1 5 % F e b 11
9 5 % Alav 6 8 0 % J a n
13 % J a n
18% F e b U'
57
J a n 9 49 J a n
3 9 % F e b 5 29 % D e c
89% Jan 7 79% D ec
*80 A lar 4 •72% M a i
2 8 J a n 12 22 " D e c
91
F eb
102 F e b 28
10 8 F e b 2 8 6 % J a n
110 J a n 29
89 J a n
3 2 % J ’ ly
91 J ’ly
9% Alay
3 7 34 Alay
135 % M ar
123 S ep
185% A p r
17 % J a n
S 0% J a n
4 v» ATay
1 3 0 34 A p r
79% A ug
9 % Alar
285 Alay
332% A p r
41% N ov
87 % O c t
190 S ep
3% A p r
9 3 % J ’ ue
15i
a pr
4 1 % S ep
2 5 0 J ’ ly
10% O ct
177 J ’ly
27 J a n
30
O ct
2 % Afar
11 7
sep
5 7 % Alay
33% A pr
1 0 % Se,p
9 1 % S ep
19% O ct
6 2 % A lar
4 6 34 J a n
97% Jan
1•12 % A p r
33% A pr
106% A p r
115% A p r
117 A p r
5 J ’ n e lO
3 % Jan 3
51% J ’ ne 5
*50 F e b 9
6 J an 2
21 J ’n e 5
2 J ’n e 5
•25 A p r 9
8 % J an 2
2 5 % J ’ n e lO
•60 J ’ n e 4
4 % J a n 20
450 J ’n e ll
•OS F e b 10
1 7% J ’ n e 5
6 % J a n 31
•30 A la rlO
l % 6 M a y l3
13
F e b 10
5 0 % J ’ n e lO
3 6 % J a n 20
72 J ’ n e 2
112 J 'n e 9
2% Jan 5
8 J’ne S
4 V, j ’ n e l l
1% A p r 14
6 ^ J ’ n e lu
5 5a J ’n e 5
1 % M ay27
6 % M ay 2 9
42 J ’ n e 5
4% Jan 2
l % J ’ne 2
•75 M a y l4
•75 J ’ n e 9
1 2 % J ’ n e lO
50 J ’n e 4
19% J ’ n e 5
4 % J ’ n e lO
95 J ’ n e 5
1% J ’n e ll
1 % J 'n e l u
103s J a n 22
110 M a y j>
•50 Afav 1
17% J a n 28
82 J ’ n e lO
4 % J ’ne 5
17 ALay 21
193s J ’n e lO
10% J’ne 9
2 3 % J a n 13
4 J ’n e lO
5% Jan 3
6 4 % J ’ n e lO
1 Jan 8
18 Jan 2
8 % A lar 9
7 5 % ALarl*2
1% F e b 10
12% Mar-21
3 1 % F e b 25
6 % Fe b 9
•95 A larlO
1 4 % F e b 10
3 9 % F e b 10
•90 A ta r ib
8 F eb 3
55 1 M a r 12
TO
F e b 11
3 1 % F e b 10
7 % J a n 20
•35
F e b 19
l - 732 J an 2
16 A tar 24
75
F e b 13
4 8 % AJay 7
1 3 1 % J a n 10
118% F eb 6
5 A la r 17
14 F e b 9
5 % A pr 23
3 J a n 12
17% F eb 9
18 F eb 6
2 % J a n 23
11% F eb 9
58
F e b 13
8 M arl 3
* 2 % J a il 10
1 % J a n 23
2% F eb 9
23% Feb 9
79
F eb 9
34
F e b lO
7 % F e b ll
126% F eb 6
4 F e b ll
3 u a n ‘2 3
14*8 A p r 2 3
190 F eb 6
l yi6 F e b 9
3 3% M a r l 2
106% F e b 20
14 F e b 9
3 1 34 J a n 2
27% F eb 9
17 A Ia r l6
3 3 % Alay 2 3
9 F eb 9
t l 4 34 M a rlO
77
M a r 12
2 % A ta ri 7
12% D ec
2 Aug
5 3 % N ov
1% N ov
6 D ec
21 N o v
3 % J an
•37% D e c
6 D ec
2 0% Jan
•40 J ’ ly
5 % S ep
42 0
D ec
TO A p r
11 J a n
6% D e c
•25 A p r
1% J an
15 O ct
4334 A lar
1 8% A lar
54 Jan
113
D ec
1% Jan
7 % D ec
d 24% A p r
4 34 M a r
78% F eb
3% A p r
1 6 % J ’ ly
35 Jan
13 % M ar
1 Jan
9 D eo
3 9 34 A p r
l 12o M a i
1 0 % Afar
650 F eb
Y 2 Jan
2 8 Alar
8 % Alay
2 Jan
2 % J ’ly
19% J ’ly
65% O c t
5 6 J ’ ly
1 4 6 % S ep
119 J a n
5 % M ar
15 % F e b
2 % D ec
9 34 D e c
12% D ec
1 % S ep
7 N ov
d 27 Jan
3 J ’ly
1 % J ’ ly
1 Jan
*75 D e c
14 % N o v
47 % N o v
21
N ov
3 D ec
10 0 N o v
1% J ’ne
1 % Sep
8 N ov
14 0
D ec
•50 Jau
1 3 % M ar
d o 4 Jan
8 D ec
27
S ep
13 % J an
13 N o v
1 9 % J ’ly
4 D ec
cl 1 J a n
42 J a n
•50 N o v
5 % J an
25
F eb
2 1 % Alay
3% M ar
d l3 % Afar
4 9 % S ep
6 O ct
4 34 Alar
1 34 J a n
4 % A lar
25 F e b
39% F eb
34 F e b
5 Alay
147
F eb
3% M ar
4 F eb
18 M a y
281
F eb
3% J ’ ne
18 % J ’ ly
125 F e b
18% M ar
3 5 % J 'l y
23 D e c
18 % J ’ ly
27% F eb
7 O ct
6 Aug
65 D e o
134 J ’ ly
89%
1 03%
262%
154
250
195
A ta ri 1 2 3 0 Jan
F e b 13 2 0 6
D ec
6 8 Alav
A la y 11
J a n 9 7 9 % Alay
6 4% D e c
25 J a n 12
S4% J a n 10
1 0 4 % J a n 6 103 O ct
104% Jan 9 93% D ec
95 J a n 27
8 6 % A lar
178 Ff*hhn l 72
j an
97
F e b 10 92 % O ct
116 F e b 14 1 1 1 % D e c
19% Jan
150
J a n 14 145
t Ex-righta.
31
P lv
9 (» M ay
110 M ar
11 3 A u g
94 % A u g
1 78
T’ lv
99
A lar
117 J ’ ne
3 4 7e J ’ lv
N ov 15*2 % May
26
8 6%
7
24
134%
122%
1 69%
14 %
79%
&Before pay’tot assess’ ts called in 1903. d Before pay’t of assess’ ts called in 1902. * Bid and asked. |j New stock. fA s s ’ tpaicL
F eb
Alar
J ’ ne
J ’ ly
A pr
J ’ ne
M ar
A pr
J une
13, 1903.]
Boston Bond R e c o r d
BONDS'
B O S T O N S T O C K E X C H ’G E
NVKEK KXOINii .TUNE 12
Am Belt Telephone 4->. ..1908
Am Telep A Tel coll tr 4ij.ll.eJU
Atclz .v N i bi .1alea i -i
.11)08
Atcli'l'op A S I c (sen g 4 s .. 1UU,'.
Adjustment e i s __ JTy 1995
Boston A Lowell 48..........1'.'01
Boston Ac Maine 1%s........ID44
Improvement 44............ 1905
BuM A Mon ;iil issue . .. 1U04
Boston Terminal 1st Ol s . 1947
Boat Uu Uas 1st .'<» 11 i rets-1939
2it 5s trust receipts...... 10311
Bur Ac Mo Hiv c\ 0 - .........101s
Non-exempt O s .............1918
Sinking mini 4s............. 1910
Butte A Boston 1st us....1017
Cellar Kap Ac Mu K 1st 7s.1910
•J,t 7 s .................................1900
Cent Vermt 1st ft 4s..May 1920
Cine Burl A Q 1st 7s........1003
Iowa l)lv 1st 5s..............1910
Iowa l)iv 1st 4s .. . .
Debenture 5s..........
Denver Exten 4 s...
W eek's
Range or
Last Sate
Price
1 ru ta y
June i'J
|
S a le
115
84
100
*
Sale
........
ios min
B A S \\ s l i s . . . . . .
Illinois Div 3 %s___
Joint bonds Are Gt Northern
Cine Jc Ky Ac Stk Yds 5s . 1016
Coll trust refunding g 4sl940
Cll Mil Ac St 1* Dull D Os.. 1020
Ch M Ac St P Wis V dxv 6sl920
Clue & No Mich 1st gu 5s. 1031
Chic A NY Midi gen 5 s .... 1921
Concord A Mont cons 4 s .. 1020
Conn A Pass It 1st g 4 s... 1043
Current River 1st 5s........ 1927
Dot Gr ltap A NY 1st 4 s... 1040
Dominion Coal 1st G s...... 1013
Eastern 1st gold Os............ loot!
Eitcliburg 4 s ......................1901
4s ..................................... 1927
Freuit Elk A -Mo V 1st Os.. 1033
Unstamped 1st Os..........1033
Gt Nor C B .V. y roll tr 4s 1921
Registered 4s...................1921
vMuy’03
b 934,
"9284 Sale’
103% 104% 103*2
96
125
.......... 1 0 6
%
104 %
97
125
125*2 A p r ’ 03
104H-* A p r ’ 02
107
M a y ’ 03
109*4 M a r '0 2
112*4 J a n ’ 03
100
100
97
M a j ’ 03
107%
107%
105*2 105*2
1 0 0 7s M a r ’ 02
111*4 M a y ’ 0'2
137
A p r ’ 03
137
M a r ’ 1'3
.. 100
BONDS
1^1
B O S T O N S T O C K K X O H ’I I E !
NVk e k E n d i .n o J u n e 1 2
1
Jiang e
Since
^ y. 1 J an u ary 1
Apr'03
H U " " 9 9 Hi
1 0 7 * 4 ..........
Nebraska l.M. n .
1
H ig h \A o Low Jliyh
98*4
9 7 % 00*8
7 ii 9 3 Ha 9 8 5*,
i
90
1 \n u2 ] ] A,
: F e b ’ 03
0 8 % 101%
0 8 0 % 0 2 *a
a A p r ’ (III
, A p r ’ Ol . . . .
MJ a n ’ 02
101
M a i '0 3 . . . . 101
a J a n '0 3
11 3 *4 1 1 3 *2
102% 113
F e b ’0 3
2 F e b ’ o:;
80
01
w > la y ’ 03 . . . . i 1 5 ‘H* 1 1 5 \
2 J ’ ly '0 2 . . . .
2 M a y 'o /. —
0 9 *4 9 9 Hi
J ’ n e ’ 01
4 M a r ’ 03
13 2% 132*4
4 F e b '0 3
111 % 1 17*4
0 83
84
$8
s
1 0 0 *s 15 100*8 1 0 1 %
A p r ’ Ol
101 U i o ‘2
4
105% 1 05 %
4 Feb ’03
2 J ’ne 03
98
100%
D e c ’ 02
98
99
9 9 2 % 90*2
|B io
Ask\
9 8 % S a le
9 5 Hi S a le
99
<
9
0 914,
92*4 M a y ’ 03
9 1 >4
15 1103*2 10 7%
4 1 90
9 8 Hi
125
12S
11 2 5 l*> 127 w.
1 0 4 Hi 1 0 7 *
100
107*2
1 12*4
i) 1 0 0
97
107*2
1293
1 12*4
10 3%
100
110
13 7
13S
137
137%
07 89*2 94*2
9 2 a4 94
K a n C C lin A S p r i n t 5 s . . .1 9 2 5 [A -O
K a n C F t s A <L ilt 1st 7 s . .19 081 J -1>
K a n C l l S c o t t A 51 O s .. . . 1 9 2 8 M-S’
K ail C 51 A l i g e n I s ............1934 M- S
in c o m e 5 8 ....................M ai 1934 S p 1
K a n t,’ A 51 B y A B l 1st 5 - IO j . i A o
K a n C S t J o tL (' 1* ln t 7 m.. 1907 J -J
1. It A F t Bin ill g r 1st 7 s . ..1 0 0 5 J - J
M am © C e n t c o n s I hi 7 m. . . 191*2 A O
C o n s 1st 4 s ......................... 19 12 A -O
M a m H oiufH its O u t 1 » t 0 « . l 9 2 5 A -O
M e x ic a n C e n t r a l c o n s 4 m. . 1 9 1 1| j - j
i h i OolJH lllC 3s»............ J a il 1 9119 .1 ’ ]y
2 d c o n s in c 3 s ............ J a n 1 9 3 9 | j’ ly
M ic h T o Ley c o n n 5 m tr r e c . 19*29 j -J
M iu n e G e ii K le e c o n g 5 m 1 9 2 9 j . j
N e w E n g C u t Y a r n 5 » ___ 1 9 2 !' F -A
Aek Law
99
1UO
8 a le
dHHl
H
U 8 ...... ..................................... 1 9 0 7 A -O
Os
...................... .................. 1 9 0 8 A -O
5 m ............................................. 1 9 1 5 1A-O
N V A N E n g 1 s t 7 s ............ 1 9 0 5 J -J
1 s t O s ..................................... 1905| J - J
O ld C o lo n y g o ld 4 s .............. 1924 F -A
O r e g K y & N a v c o n g 4 s . . l 9 4 0 | J -D
O r e g S li L in e 1 st g O s........ 1 9 2 2 F -A
lle p u b V a l l e y 1 st s t 6 s . ..1 9 1 9 J - j
R u t la n d 1 s t O s........................1 9 0 2 M-N
.....min
S a v a n n a h E le c 1st coum 5 s. 19 52 j - j
S e a t t le K le e 1 s t g 5 s .......... 1 9 3 0 F -A
T o r r in g t o n 1 s t g 5 s ............1 9 i s M -S
U n io n P a c H R A 1 g r g -Is. 1 9 4 7 J - J
1 s t lie n c o n v 4 s ..................1911 M N
U n it e d F r u it c o n v g e n 5 s . 19 11 51-S
V e r m o n t A 51ass 5 s ............ 1 9 0 3 M-N
>V l >1 1 . 11*1 O il c u t ItJ £3 *JO ..I O O . ’1G o ld 4*28 ................................1 9 1 4 M -S
N o t e — B u y e r p a y s a c c r u e d in t e r e s t 111 a d d i t i o n to t h e p u r c h a s e p r ic e to r a lt B o s t o n B o n d s .
Jiange
Since.
J a n u a ry 1
]-C /
H igh .\(l Lew High.
99
99
lo o
4 98
99
101*2
130
130
lo o
100
104
.......... lo t)
100
.......... 112
110 Hi 112 *a
110H, 11 OH
118
1 ) 117
11 9
124 %
118
119
9 0 HaM a y ’0 3
9 0 ^ 99
.......... 9 7
1
89
*„
k
8
91
89
88
90
iot;*H M a y ’ 0 3
100*s l o s H j
109
110
109*2 1 1 1 %
1 0 9 % A p r ’0 3
lo l
104
102 A i » r ’ 03
102
103
123*4 A p r ’ 03
1IM l * 1 -3 *4
102
iU2
s a le 102
i 11/2 102
IIS
1 is
A p r ’ 03 • •A l l s
78%
74
.......... 77
. ^ P A 15! 74
24**4 ill!
2 4 % t 'n i-O J . . . .
.................... ..
. . . . . . . . . . . . 21*2 J ’ lje ’ 0 2
io
15
75
i5
...... ......
10:t
105
10 4 5 I a r '0 2
99
103
99
S a le
99
109
...... ......
F e b ’0 3
105
104
N o v '0 2
51ar’ 03 . . . . 1 0 6 % 1 0 6 * «
io * i
j n e ’ o ;; —
104
106
.......... D u
104
1 0 2 .......... 1 0 2 % A p r ’ 03 . . . . ,102% 1 0 3 %
........ .. . . . . . . 112
M a y ’ Ol . . . .
1 0 0 % O c t ’ 02 . . . . ...................
124% N o r ’ 0 2 . . . .
105
O c t ’ 02
lo t ) j ,n e ’ 02 ___
102
M a r’ 02
95
A p r ’ 03
.......... 9 5
k 95
90*2
..........104 H 1 0 4 % M u v ’ o ;;
1104*2 1 0 6
107
F
e
b
’
03
107
107
......................
101 % J ’ ne*03
100*2 101 *4
9 8 '* M a y ’0 3
9 8 % 1O0
1 0 4 % 10 4% 10 10 4% 111
l
o
o
S
e
p
’
02
.......................
.......................
...... ......
106*2 D lS
108 J a n ’ 1 3
1 0 2 34
1102% 1 0 2 %
10 2% J ’ n e ’ 03
102*4 1 0 4 %
,102*2 105
10 3*2 S ale 1 0 2 % 1 0 3 Hz
8 7 % J ’ l y ’ 01 . . . . .......................
11 4*211 4*2
....................... 1 1 4 *2 A p r ’ 0 3
Hm
98
39
I H in o in S t o o lr t e b e n 5 » . . . . 1 9 1 0 ] J - J
N u u -c o u v e r ld e b e u
.1 9 1 3 A -O
G o ld 4 s ..................................1 9 1 7 ,
W e s t e r n T e le jih A T e l 5 8 .1 9 3 2
W is c o n s in C e n t 1 st g e n 4 s l 9 4 9
NVlsConsiu V a lle y 1 st 7 s . .1 9 0 9
W eek's
){any*t or
Last .sale
Price
tY id a u
June 1'!
mi
F -A
J -J
J -J
J -J
* N o p r i c e F r i d a y ; la t e s t b id a n d a s k e d .
1i T r u s t C o. e tts .
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly. Yearly
S h a r e P r i c e s —N ot P e r C e n tu m P r ic e s
S a tu rd a y
June 6
H onday
June 8
T u esd a y
Ju n e 9
67%
*23
39%
11%
23*4
39*4
11 %
22%
*5**1«
25 %
*67 *2
40%
22%
6
25%
08*2
40*4
%
a4
38
n%
2 2 *•>
5H
25%
98
40%
22%
39
11%
22%
5*2
2 0*4
08
40*2
%
62
62%
41% 41%
8 l4 G3m
12
12
23*2 2313ia
41% 41%
*32
33
46
40%
89% 90
%
*2
61% 62 %
40%
-11 %
0 l4
*12
13
2
3
%
21%
4 0 % 41
>31*2 3 2 %
4 5 78 4 5 7g
8 7 34 s o n
P H IL A D E L P H IA
W ednesday
Ju n e 1 0
67%
67*2
68
68
21%
37
11%
22%
38
11 %
19%
35%
11
20%
3 0 a4
i i %
22%
5 7ie
25
6 7 *2
40%
22*2
5 " ie
25
07 H
40%
%
%
%
62
62%
4 0 % 41
0 H*
6%
*12
13
21% 2 2 %
4013,6 |015,e
32
*31
x io
45
86% 88
B id
A sk
21%
5
22%
67
39%
22
24
67
40 %
61% 62%
40
40%
5 % O lio
11% 11%
20 % 21% «
1 0 1 ,6 4*>*i„
-3 0 % 31%
4 4 % 44%
8 4 % 80%
A C T IV E
T h u rsd a y
June 11
20%
36%
11%
22
5
23%
66%
40%
2%
62%
40 %
5 *5ia
12%
21%
40%
*31%
44 %
8 5 34
F r id a y
June 11
Stocks see below )
67% 68
n o
*105
22% 23%
21%
39
38
37%
1 1 % 11%
11%
22%
&916
25%
0 0 l4
40%
2%
23%
23
5 34j
5%
20^4
25
0 6 34 6 7 %
40% 4 i %
3
2 :H
%
%
6 2 % 63%
62%
41
4 1 % 42 %
0%
0%
0 l4
12% * 1 2 % 13
2 ‘2 ^ 2 4 5in
22 %
4 0 % 4 0 15iq ^O ^ic
33%
3 2 % *3 3
45
4o% 45%
8 8 % 90
87 %
*19
23
P H IL A D E L P H IA
B id
|| Lowest is ex-divideniL
Sales
Ot the
Week
Shares
R a nge for Year
1903
L ow est
H ig h est
Range tor P reviou s
Year ( 1 9 0 'i )
L ow est
H ig h est
it u H a m u r e
C o n s o lid a t e d G a s ............ 1 0 0
195 6 7 % J ’ n o S 7 2 % J a n 5
62*4 Jan
N o r t h e r n C e n t r a l .......... 50
113% A p r 8 118 J a n 12 104 Jan
S e a b o a r d A i r L i n e ........ 1 0 0 1 1 ,9 0 0 1 9 % J ’ n e iO 2 8 % J a n ■■ 23*% D e c
Do
p r e l .......................1 0 0 5 ,6 7 0 3 5 % J ’ n e l o 4 5
Jan
4 0 *4 D e c
U n ite d B y A E l e c t r i c . . 50 4 ,1 0 0 11 J ’neiO 14 % J a n 3
13 Oct
P h ila d e lp h ia
A m e r ic a n A l k a l i ............ 50
D o p r e f ...................... 50
C a m b r ia S l e e l .................. 50
C o n s o l L a k e S u p e r i o r .. 1 0 0
D o p r e f ...................... 1 0 0
L e h ig h C o a l A N a v ___ 50
u e ln g h V a l l e y .................. 50
M a r s d e n C o ........................ 1 0 0
N a t A s p lia il T r O o r e c t s 50
D o p re f T r C o r e o t s 50
P e n n s y lv a n ia R K .......... 5 0
P lu la d e lp ’ a C o ( P i t t s b ) 5 0
P h ila d e lp h ia E l e c t r i c . . 25
P iu la R a p id T r a n s i t . . . 5 0
R e a d i n g .............................. 5 0
D o 1 s t p r e t .............. 50
D o 2 d p r e f ................ 5 0
U n io n T r a c t o u ................ 5 0
U n it e d G a s i m p t ............ 5 0
N V elsbacli C o .....................1 0 0
A sk
In active Sstocks
Bonds
American Cement.......10
8
7%
A1 Val E ext 7s 1910 A-O 117%
Amer Iron A Steel___50 . . . . . .
5
Asphalt Co 5s 1949 tr ctfs
10
20
H ilo 112
American Railways...50
Bell Telephone........... 50
Balls Ter 1st 5s 1926.J-D
03 ”
Cambria Iron................-,0
4GH*
BergAEBrw 1st 0s”21 J-J
Camden A Trenton__ lo
Betide Steel 6s 1998.Q-F
121
Central Coal A Coke.lot
Che A D Cau 1st os TO J-J
50
Preferred................ 100
Choc A Mo 1st 5s 1949 J-J 113
Consol Trao Pitts........ 50
Ch Ok A G gen 5 s T9 J-J 108% 100%
P referred ..................50
Cit St Ry (Iml) con 5s ’33
Danville B essem er...1 %
Col St Ry 1st con os 1932
%
Diamond State Steel......
Con Trac of N J 1st o s.’33 104%
% i
Preferred...................... . . . . . . . . . . . . E A A 1st M os 1920 M-N 110
Easton Con E lectric...50
Elec A Peo Tr stk tr ctls
99
99%
Electric ot A m erica...50
8% 8% Elm A NVil 1st 6s TO.J-J 113% 115
Eleo Storage Batt___lo o
63%
Income 5s___2862. A-O
Preferred................ 100
E(| 11 Gas-L 1st g 5s 1928 107%
Germantown Pass...... 50
145
1L A; B Top con 5» ’25 A-O
Harrison Bros pret... 100 .....
Indianapolis Ry 4 s.1933
85
84
Indianapolis s t ..........lo o
Lehigh 5fav 4 U>> 1J.O-J 108
Inter Sm P A Dynaiu.,50
HRs 4s ff...... 1914.Q-F 104
Keystone Telephone ..50
Geu M 4 l->s g. 1924.Q-F 107 n o
Preferred ..."............ 50
Leh V C 1st os g ’33...J-J
Lit Brothers................ 10
Leh V ext 4s 1st 1948. J-D 114 115^
Little Schuylkill..........50
2d 7s 1910.
M-S 120^2 121^
MineliiU A Seliuyl 11..50
Consol 6s 1923.......J-D 110
64 %
Nesquelioning .......... 50
Annuity 6s.............J-i)
137
N Haven Iron A Steel.5
Leh V T rie 1st 4s ’29. J-D
60
70
North Pennsylvania..50
107% Nat Asphalt 5s 1951.J-J
Pennsylvania’ salt.......50
109
New Cou Gas 5s 1948 J-D
Pennsylvania Steel..100
Newark Pass con os 1930
Prelcrred................100
X Y Pli A No 1st 4s 30 J-J 100 101
Piula Co (Pitts) pref...50
Income 4s 1 9 3 9 ...M-N
46% 46%
Phil German A Norris.50
No Penn 1st 4s ’36 . M X 111
Phila Traction.............50
96
yd h
Deben 6s 1905...... M-S 104
Railways General...... 10
Penn gen Gs r 1910.. Var
Busqueh Iron A Steel..5
...
Consol 6s c 1905... Var
178
Tidewater Steel..........10
Consol 5s r 1919... Var 112
United X J R R A c . . 100
276 % Penu A -Md Steel eon U-. 110
Unit Pow A Trans__ 25
Pa A X Y Can 7s ’06.J-D 107%;
United Trac Pitts.......50
C’on 5s 1939........... A-O
112
Preferred.................. 50
........1 Con 4s 1939........... A-O
98
Warwick Iron A Steel. 10
Penn Steel 1st 5s T . M X
West Jersey A Sea Sh.50
67% People’s Tr tr certs 4s ’43 103 104
Westmoreland Coal...50
81 . . . . . . |P Co IstA eol tr 5s’40 M S 1()9%I 109%
* Bid anu asked prices; no sales on this uay.
STOCKS
(F o r R onds and In active
% J a n 10
P H IL A D E L P H IA
BALTI.HOUE
Inactive b lo c k s
A t la n t a & C h a r lo t t e .. 1 0 0
A t Ian C o a st L (C o n n ) 100
C a n to n C o .......................1 0 0
G e o r g ia S o u A F l a . . . 1 0 0
1 s t p r e l ........................100|
2 d p r e f .......................... l o o
G -B -S B r e w i n g ............lOOj
>£t V e r n o n C o t D u c k ........ |
U n it E l e c L A P p r e t . 50
A u a c o s t u t A P o t o s ............
A t! A C ll 1st 7 . . . 1 9 0 7 J-J
A l l C on st I J C t j c t f s 08 J -D
C tfs o f i a d e ’o t 4 s ___ J -J
B alt C P a s s 1st 5 s ’ l l 51-N
L ilt Fii.’u ’ g o s .1 9 1 0 51-N
L x c h a iife e 3 % s 1 9 3 0 J -J
R e f u n d in g 3 %s 1 9 5 2 J J |
B a li A P i s r Os in 1 ’ 11 ..\-G
1 s t us t u n n e l . .1 9 1 1 J-J
B a lt T r a o 1 st 5 s . ’ 2 9 M-N"
N o B a lt D iT 5 8 1 9 4 2 J -D
C o n v e r t ib le o s . ’ 0 3 51-N
C e n t r a l R v 6 s . ..1 9 1 2 J-J
C o n s o l 5 s ___ 1 9 3 2 51-N
E .U A I m p o s .1 9 3 2 5 f-S
C lia s C ity l t y 1st 5 s ’ 2 3 J -J
t Ex-allotments
Jan 10
344j A u g
55% A ug
17
Mar
1
Apr
% Sep
7 ,4 5 4 2 1 % J ’ n e l o 2 6 3j J a n 0 2 3 " May 29 *8 Sep*
7 ,2 7 5 3 *% e -M a r il
0
D ec 36
9 yis J a n 9
Apr
3 ,1 2 5 15 % M a i n
D ec 80% A p r
4 0 34 J a n a 3 3
6 5 6 00 % J ’ u e l 1 7 9 % F e b 5
05
N o v 794, S ep
4 ,6 2 8 J i 7fn J a il tj 4 0 7e J a n 30
29*4 N o v _3S% D e c
16 9
2% J ’n e ll
Jan 0
2% Feb 5**18 O c t
4
I ,!-3
Feb 0
*4 A u g
% F e b 18
4, J ’ ly
3 ,8 7 4
% J ’ne S
1 F e b ♦i
14, J ’ly
sl« Oct
1 0 ,1 9 1 61
J ’ n e 5 78 % J a n
85
Sep
7 3 :h J a n
10 .59S 4 0 J ’n e l u 4 7 % F e b l u
43*2 D e c 5 0 % A p r
9 ,8 2 6
5 % .7 ’ n elU
9 Jan
3*s J a n
9 Hz S e p
127 l i
M a y 19 1 7 % J a n
8*4 J ’ ne 1 8 % O c t
7 1 ,0 2 2 2 0 % J ’ n e l 0 3411ie .1 a n
20*4 M a r 39% 0 S e p
0 9 4 4u%8 J ’ n e lO 4 4 li18 F e b f. 4 0
M ar 45 % S ep
33
A p r 10 4 0 % J a n 0 3 0 J a n 40° i„ O c t
4 ,5 5 7 4 4 % J ’ u e iO 4 7 % F e b 161 3 2
J a n 1 4 8 :ji F e b
18,941 8 4 % J ’ n e iO 1 1 0 % J a n 31 10 1 *2 M ay I126 May
—
2 4 J a n 8 31
M a r l u 2 4 J a n I 4 0 Hz S e p
P h il E le c g o ld t r u s t c t f s .
T r u s t c e r t j f s 4 s ................
P A E g e n M 5 g ’ 2 0 . A -O
G e n 51 4 s g 1 9 2 0 ..A & O
P ll A R e a d 2d 5 s ’ 3 3 . A -O
C o n 51 7 s 1 9 1 1 ........ J -D
C o n 51 O s g 1 9 1 1 . . . . J -D
E x I m p 51 4 s g ’4 7 . A -O
C o n 51 ot ’ 8 2 4 s ’ 3 7 . J -J
T e r m in a l o s g l 9 4 1 . Q - F
P NV A B c o l tr 4 s ’ 21 .J -J
R o ch e ste r l i y co u 5s 1930
S R E S id e 1 st 5 s g ’ 3 5 J -D
U T r a o P it g e n 5 s ’ 9 7 J-J
N V elsba ch s f o s 1 9 3 0 .J -D
Bonds
%
74 % Sep
125*4 J’ly
B id
97
63
115
1 0 5 Hi
123%
120%
A sic
B A L T IM O R E
98
6d
C h a s R y G A E l 5 s '9 9 M -S
C lia r l C A A e x t o s . ’ 0 9 J-J
2d 7 s ..................1 9 1 0 A -O
C it y A S u b 1 s t o s . . ”22 J -D
C ity A S u b (N V a s )ls t 5 s '4 8
C o l A G r n v 1 s t O s.1 9 1 0 J-J
C o n s o l G a s O s ...1 9 1 0 J -D
o s .........................1 9 3 9 J -D
G a A A la 1 st c o n o s ’ 4 5 J -J
G a C a r A N l s t o s g ’ 2 9 J-J
G e o r g ia P 1st 6 s . . . ’2 2 J-J
G a S o A F la 1 st o s 1 9 4 5 J -J
G -B -S B r e w 3 -4 s 1 9 5 1 M -S
2 d in c o m e o s 1 9 5 1 51 -N
K n o x v T r a c 1st o s ’ 2 8 A -G
L a k e R E l 1 st g u 5 s ’ 4 2 M -S
5 I e t S t ( \ V a s h )ls t 5 s '2 5 F A
5 I t V e r C o t D u c k 1 st o s .
I n c o m e s .............................
N e w o r l G a s 1 st 5 s . . V a r
N p t N A O P 1st 5 s '3 8 51-N
N o r f o l k S t 1st o s 4 4 . . J-J
N o r t h C e n t4 * 2 S 1 9 2 5 A -O
Os 1 9 0 4 .......................... J -J
S e r ie s A 5 s 1 9 2 0 ___ J -J
S e r ie s B o s 1 9 2 0 ___ J-J
P it t U n T r a c o s 1 9 9 7 .J-J
P o t o V a l 1 s t 5 s 1 9 4 1 . .J -J
S e c A v T ( P i t t a ) 5 s '3 4 J -D
S a v F la A W e s t 5 s '3 4 A -O
S e a b o a r d A 1 ,4 s 1 9 5 0 A -O
S c a b A R o a n 5 s 1 9 2 0 .J-J
S o u t h B o u n d 1st 5 s . .A - O
U E l L A P 1 st 4 MS'2 9 51-N
U h R v A E l 1 st is ’4 9 5I-S
I n c o m e 4 s 1 9 4 9 ........ J -D
V a 5 Iid 1 st 6 s 1 9 0 0 ..5 1 -S
2 d s e r ie s Os 1 9 1 1 ... 5 1 -S
3 d s e r ie s Os 1 9 1 0 ..5 I -S
4 t h s e r 3 -4 -5 s 1 9 2 1 .5 I -S
5 th s e r ie s o s 1 9 2 0 .M -S
V a (S t a t e ) 3 s n e w ’ 3 2 .J -J
F u n d d e b t 2 -3 s 1 9 9 1 . J-J
.......
105 ^
104% 105%
12 3%
106
109
111
IrO
1 1 4 % 117
.......... .......
150
252 L>265
95 100
15
95
72 %
1D% n %
2
2%
37
39
97
100
112
in
110
90
luG
121%
111
113
108
122%
111%
........
1 i4% i l 5 ”
118
lo o % 100%
......
West N 0 con 6s 1914 J-J
i i ‘r>”
1 16 118% N V esV a C A P 1 st tig ’ l l J-J
106 . . . . . . NYil A NVe ld O S ..1 9 3 5 .J -J
Riil
A sk
85
89
115
110
112 1 13
97 lo o
115 118
110% 111
112% 112%
1DI 110%
109 110
121
11 1% 115 Ha
49 ^ 49 %
32
34
10O% 101
117 ........
110
0<
68 Hi
18% 19 Ha
........ iuo%
l02 %
111
103
1 18
118
1 15
110 115
117
112
79% 79%
115
108%
83% .-4%
91 , 92
01 _ 04%
100
1 1 i % 112%
115
112
112% 114
93
95
94
95
112 %
112% 113%
118 119
1294:
THE CHRONICLE.
Volume of Business at Stock Exchanges
T R A N S A C T IO N S A T T H E N E W Y O R K STO C K E X C H A N G E
D A IL Y , W E E K L Y A N D Y E A R L Y
S to c k s
W eek e n d in g
J u n e 12
iy u 3
P a r v a lu e
S h a res
3 1 0 ,2 6 5
8 7 1 ,0 3 4
8 8 9 ,7 4 4
1 ,2 1 1 ,9 0 3
8 8 5 ,1 6 1
1 ,0 6 8 ,5 5 3
S a t u r d a y ............
M o n d a y ..............
T u e s d a y .............
W e d n e s d a y ____
T h u r s d a y ...........
F r i d a y ............... .
R a i l r o a d &c
B onds
$ 2 9 ,3 9 8 ,7 0 0
8 2 ,7 7 5 ,3 5 0
8 3 ,6 1 2 ,6 2 5
1 1 5 ,5 3 0 ,3 5 0
8 3 ,8 8 5 ,9 0 0
9 8 ,0 3 2 ,1 0 0
5 ,2 3 6 ,6 6 0 $ 4 9 3 ,2 3 5 ,0 2 5
T o t a l ..............
500
2 8 ,0 0 0
1 ,0 0 0
3 ,0 0 0
$ 2 6 ,0 0 0
$ 1 5 ,5 8 9 ,0 0 0
1902
1903
B onds
$ 1,000
$ 1 ,1 4 7 ,5 0 0
2 .4 4 4 .5 0 0
2 .1 2 6 .5 0 0
3 .8 5 5 .5 0 0
3 .1 3 6 .5 0 0
2 .8 7 8 .5 0 0
W eek e n d in g J u n e 1 2
S a les a t
N ew Y o r k S tock
E xch a n ge
V s
S ta te
B onds
$ 3 3 ,5 0 0
$ 2 6 ,0 0 0
J a n u a r y 1 to J u n e 1 2
1902
1903
8 2 ,5 8 0 ,5 2 0
5 ,2 3 6 ,6 6 0
7 5 ,6 2 9 .3 0 6
1 ,4 8 8 ,9 2 6
S t o c k s —N 0 . sh a res
P a r v a l u e .......... $ 4 9 3 ,2 3 5 ,0 2 5 $ 1 3 9 ,1 7 9 ,2 5 0 $ 7 ,1 3 0 ,9 0 9 ,5 0 0 $ 7 ,7 8 9 ,0 3 5 ,3 2 5
$ 3 9 6 ,5 0 0
$ 2 8 0 ,9 5 0
$ 2 0 ,5 0 0
B a n k sh a res, p a r ..
BONDS
$ 4 4 0 ,6 0 0
$ 6 8 4 ,2 5 0
$ 1 8 ,0 0 0
$ 3 3 ,5 0 0
G ov ern m en t bonds
1 ,3 0 2 ,0 0 0
3 4 9 ,6 0 0
1 1 ,0 0 0
2 6 ,0 0 0
S ta te b o n d s ..............
4 4 1 ,9 5 0 ,8 0 0
1 1 ,8 6 6 ,5 0 0
3 1 1 ,0 1 2 ,4 0 0
1 5 ,5 8 9 ,0 0 0
R R . a n d m is. b o n d s
T o ta l b o n d s ___
$ 1 5 ,6 4 8 ,5 0 0
$ 1 1 ,8 9 5 ,5 0 0
$ 3 1 2 ,0 4 6 ,2 5 0
$ 4 4 3 ,6 9 3 ,4 0 0
D A IL Y T R A N S A C T IO N S A T T H E B O STO N A N D P H IL A D E L P H IA
EXCHANGES
W eek e n d i n g
J u n e 12
iy U 3
S a t u r d a y ........
M o n d a y ..........
T u e s d a y ..........
W edn esday. .
T h u r s d a y ........
F r i d a y .............
T o t a l.
B o s to n
L is te d
sh a r e s
P h ila d e lp h ia
U n listed
sh a res
B ond
sa le s
L is te d
sh a res
U n listed
sh a res
B ond
s a le s
1 8 .0 7 8
2 6 ,2 3 3
2 4 ,4 5 3
3 4 ,2 8 0
3 9 ,0 3 0
4 0 ,5 8 8
4 ,9 8 7
1 2 ,5 7 5
1 1 ,8 4 5
9 ,8 2 0
1 5 ,4 6 S
1 3 ,6 8 7
$ 5 9 ,0 0 0
9 5 ,0 1 0
5 1 .8 0 0
6 2 ,0 0 0
1 3 5 ,0 0 0
4 5 .8 0 0
6 ,9 1 5
2 1 ,9 3 1
1 7 ,6 3 1
2 6 ,9 6 9
2 4 ,7 9 8
3 8 ,9 3 6
7 .8 7 0
1 1 ,8 1 9
1 4 ,1 4 8
1 7 ,4 2 6
1 5 ,2 5 5
2 2 ,0 7 1
$ 2 5 ,7 0 0
5 3 ,7 0 0
5 5 .4 0 0
5 0 .4 0 0
1 0 1 ,1 0 0
1 4 6 ,2 0 0
1 8 2 ,6 6 2
6 8 ,3 8 2
$ 4 4 8 ,6 1 o]
1 3 7 .1 8 0
8 8 ,5 8 9
$ 4 3 2 ,5 0 0
Outside Securities
G a s S e cu ritie s
Indianapolis Gas stock 50
1st 6s 1920............M-N
Jackson Gas C o ......... 50
os g 1937..................A-O
Kansas City G as.........100
1,58 1922................... A-O
^Laclede G as.............. 100
\\P r e fe r r e d .............. lo o
Lafay’ eG asIst 6s’24.M-N
LogcfeWabV l s t 6 s ’ 25.J-D
Madison Gas 6s 1926. A-O
N ew ark Gas 6s 1944.Q-J
N ew ark Consol G as.. 100
5s 1948 See Stock Exch
^0<fe In d C Nat<fc 111 .100
1st 6s 1926.............. J-D
Providence Gas.............50
St Joseph Gas 5s 1937. J-J
StPaulGas Gen 5s’44M-S
Syracuse Gas 5s 1946. J-J
U nited Gas<fc Elec, X J 101
P re fe rre d ..................100
[VOL. LXXV1.
B id
62
10 3
81
$100
10
F e rry C om p a n ies
Brooklyn F erry stocklOO
B & N Y 1st 6s 1911.J-J
B id
A sk
Con 5s 1948 See Stock
54
55
X T & E R F erry stk. 100
92
93
1st 5s 1922.............M-N
P h ila list
N Y 6c H ob con 5s ’46.J-D
17
IS
H ob F y 1st 5s 1946 M-N
74*2 75*4 N Y cfc N J 1st 5s 1946. J-J
5*o 10th 6c 23d Sts F erry 100
5
$ 99
101
1st mort 5s 1 9 1 9 ...J-D
$114
117
HUnion F erry stock .100
$116*2 118
Hist 5s 1 9 2 0 ...........M-N
66
107
103
18
97
$ 92
85
97*2
62
66
51
n o
$106
139
$138
73
74
list
8
13
53
57
1112
93
88
$ 95
40
89
T e le g r 6c T ele p h o n e
A m D e F or’t W irelesslOO
75
,'A m e rT e le g & Cable 100
Bell Teleph of Butlalo 100
97
^Central 6c So Arner .100
98
43
Clies & Poto T eleph .. 100
5s 1909-29................. J-J 10 6
^Commercial Cable ..100 1 4 0
Commer Un T el (N Y ).2 5 115
Emp & Bay State T el 100
78
F ra n k lin .......................100
47
UGold & S t o c k .......... 100 11 8
fi4*2S, 1905 ....................
H udson R iver Teleph 100
95
M arconiW ireless Teleg.5
^N orthw estern T eleg. 50 1 2 1
1TN Y 6c N J Teleplio .100 1 5 8
5s 1920 See Stock Ex c h a n g
Pacific & A tla n tic....... 25
78
P rovidence Telephone. 50 1 115
^Southern & A tlantic 25 100
Tel Telcfc Cable of A m .r5 t ..........
E le ctric C om p a n ies
Chicago Edison C o ...100
Edison El 111 Brk 4s X Y
!*Gen E l deb g 3*2s 42 F-A
H artford (-Ct) E lec LtlOO
jjK ingsC o E l L & P Co 100
N arragan (P rov ) E l Co 50
N Y 6c Q El LcfePowColOO
P re ferred ..................100
R h o ls l E lec Protec ColOO
U nited E lectric of X J 100
4s 1929.......................J-D
A sk
150
S to c k
82
23 5
185
1 105
40
70
130
15*2
$ 70
96
91
98
42
90
7
82
lu l
100
48
106*2
160
82
53
122
10 0
5
125
161
e lis t
85
120
103
7
154
E xch
195
108*2
45
75
17
72
A W e e k ly R e v ie w o f O u tsid e M a r k e t w i l l b e fo u n d o n a p r e c e d i n g p a g e .
S tre e t R a ilw a y s
B id
A sk
N E W Y O R K C IT Y
S tr e e t R a ilw a y s
G r a n d R a p id s R y ___ 100
P r e f e r r e d ....................10 0
I n d ia n a p o lis S t R y S ee
J C H o b 6c P a t e r s o n .. 1 0 0
4 s g N o v i 1 9 4 9 ...M -N
L a k e S t (C h ic ) E l s t k . 100
1 s t 5 s 1 9 2 8 ..................J-J
^ L o u i s v S t 5s 1 9 3 0 .. J & J
L y n n & B o s 1 s t 5 s ’ 2 4 .J -D
M in n e a p S t R y 5 s See S tk
N e w O r l R y s C o .......... 1 0 0
P r e f e r r e d ....................1 0 0
4*28 1 9 5 2 ..................... J -J
N o r t h C h ic S tr s t o c k . 100
1 s t 5s 1 9 0 9 ................J-J
N o r t h J e r s e y S t s to ck lO O
4 s 1 9 4 8 ..................... M -N
P a t R y c o n 6s 1 9 3 1 ..J -D
2 d 6s 1 9 1 4 ................. A -O
R o c h e s t e r R y ................1 0 0
P r e f e r r e d ....................10 0
C o n 5 s 1 9 3 0 S ee P h ila
2 d 5s 1 9 3 3 ..................J -D
S o S id e E l (C h ic ) s t k . 100
S y ra cu se R ap T r 5s 1946
U n it R y s (S t L T r a n s ) 100
P r e f e r r e d ....................l o o
G e n 4 s 1 9 3 4 ___ See S tk
U n i t R y s S a n F r a n 6'eeStk
W a s h R y & E l C o . . . . 100
P r e f e r r e d ....................100
4 s 1 9 5 1 ....................... J -D
T lW est C h ic a g o S t ___ 1 0 0
fiC o n g 5 s 1 9 3 6 ___ M -N
34
36
100
101
247
248
100
100*2
106
108
E x c h lis t
$112
113
$101
101*2
265
270
$123
124
210
215
185
190
E x c h lis t
115
120
116
118
103
103*2
405
415
105
109
410
415
70
75
111
112
96
100
k E x c list
S tk E x lis t
S tk E x lis t
190
205
215
217
$104
106
$113
115
175
180
$110
111
$105
108
E x c h lis t
107
108
108
109
G a s S e c u r itie s
$ 114 *2 116
408
415
NEW YORK
102
104
115
C e n t U n io n G a s 1 s t 5 s . . .
118
C o n G a s ( X Y') s t k . See St
108*2 109
E q u i t G a s c o n 5 s l 9 3 2 See
BROOKLYN
^ M u tu a l G a s ................100
A t la n A v e 5 s 1 9 0 9 ..A -O $ 1 0 4
N e w A m s te r d a m G a s—
C o n 5 s g 1 9 3 1 .......... A -O 111
1 s t c o n s o l 5 s 1 9 4 8 ..J -J
113
I m p t 5s S ee S t o c k E x c h lis t
N Y G E L H & P S ee S to c k
103
X Y” 6c E a s t R i v e r G a s —
B B 6c W E 5 s 1 9 3 3 ..A -O 101
B r o o k ly n C ity s t o c k . .. 1 0 2 3 8
240
1 st 5 s 1 9 4 4 ................. J-J
C o n 5s S ee S t o c k E x c li lis t
C o n s o l 5 s 1 9 4 5 .......... J -J
B k ln C r o s s tn 5 s 1 9 0 8 . J-J 104
N o r U n 1 s t 5s 1 9 2 7 .M -N
106
B k n H g t s 1 s t 5 s 19 4 1 A -O 105
107
•(Standard G a s c o m ..1 0 0
B k ln Q C o 6c S u b S ee S tk E x c h list
^ P r e fe r r e d ................1 0 0
B k ly n R a p T r a n S ee S tk E x c h list
1 s t 5 s 1 9 3 0 ..............M -N
R e f g 4 s 2 0 0 2 ............ J -J $ 82
OTHER CITIES
410
IJC oney Is . 6c B k ly n ..1 0 0 3 8 5
99
100
A m e r L ig h t 6c T r a c t . 100
H is t 5s 1 9 0 3 .............. J-J
99
100
P r e f e r r e d ....................10 0
5 s c r t f s i n d b t 1 9 0 3 .. J -J
116
B a ltim o r e C o n s o lid a t See
B r k C & N 5 s 1 9 3 9 . J-J 114
B a y S ta te G a s ................50
G r S t & N e w 1 s t 5 s ’ 0 6 F -A 103
G r*pt & L o r im e r S t 1 s t 6s 105
B in g h a m to n G a s 5 s 1 9 3 8
B u ffa lo C ity G a s s t o c k l 00
K in g s C o. E le v a te d —
1 s t 5 s 1 9 4 7 S ee S t o c k
1 s t 4 s 1 9 4 9 S ee S to c k E x c h lis t
C liic a g o G a s S ee X Y' S tk
N a s s a u E le c p r e f ........ 100
83*2 84
C in c in n a ti G a s 6c E le clO O
114
5 s 1 9 4 4 ........................A -O 113
1 s t 4 s 1 9 5 1 ............ See S t k E x c h lis t C o l G a s L 6c H e a t com lO O
P r e f e r r e d ................... 100
104
N W b ’ g 6c F la t 1 s t e x 4*2S 103
C o n s o l G a s (N J ) s t k . 100
S te in w a y 1 s t 6 s 1 9 2 2 .J -J $117
118
1 s t 5 s 1 9 3 6 ................. J-J
OTHER CITIES
C on s u m G a s (J C ity )—
1 st 6s 1 9 0 4 ..............M -N
B u ffa lo S tr e e t R y —
^ D e t r o it C ity G a s ........50
1 s t c o n s o l 5 s 1 9 3 1 . . F -A $112
114
E s s e x 6c H u d s o n G a s 100
107
D e b 6 s 1 9 1 7 .............. A .O $ 1 0 4
F o r t W a y n e 6 s 1 9 2 5 .. J-J
195
C h ic a g o C ity R y s t k . 1 0 0 1 9 0
ITGas 6c E l B e r g e n C o 1 0 0
C h ic U n io n T r a c See S t ’ ck E x c h lis t
G r a n d R a p id s G a s—
102
C le v e la n d C ity R y ___ 100
94
TJlst 58 1 9 1 5 ............ F -A
75*4 7 6
C le v e la n d E le c t r R y .1 0 0
H a r t fo r d (C t) G a s L . . . 2 5
C o lu m b u s (O ) S t R y . . l 0 0 1 0 2 34 103
H u d s o n C o G a s ............100
P r e f e r r e d .................... 1 0 0 1 0 5 34 106
C o lu m R y c o n 5s See P h iia list
U5s g 1 9 4 9 ..............M -N
I n d ia n a N a t 6c 111 G a s—
C r o s s t’ w n 1 s t 5 s ’3 3 . J -D $107*2 110
1 st 6s 1 9 0 8 ..............M -N
D e t r o it U n ite d R y S ee S tk E x c h lis t
B le e c k St<fc F u l F s tk 100
T i l s t m o r t 4 s 1 0 5 0 ..J -J
flB ’ y & 7 th A v e s t k ..1 0 0
f i l s t rn ort 5 s 1 9 0 4 . . J -D
V 2 d m o r t 5 s 1 9 1 4 .. . J - J
C o n 5 s 1 9 4 3 S ee S to c k
B ’ w a y S u rf 1 st 5 s g u 1 9 2 4
2d 5 s in t as r e n t a l 1 9 0 5
ITCentT C r o s s t’ n s t k . . 100
f i l s t M 6s 1 9 2 2 .. .M - N
T iU e n P k N 6c E R s t k . 100
l C lir’ t ’ r 6c 1 0 th St s tk 100
CoUfc 9 th A v e 5 s S ee S to c k
D ry D E B i f c 3 s t k . 100
^ l s t g o ld 5 s 1 9 3 2 . . . J -D
T jScrip 5 s 1 9 1 4 ----- F -A
E ig h th A v e n u e s t . . . l 0 0
^ S c r ip 6 s 1 9 1 4 ___ F -A
1 [42d & G r S t F ’ y s t k . . 100
^ 42d S t M 6c S t N A v 1 0 0
f i l s t m o r t 6 s 1 9 1 0 .M -S
Tl2 d in c o m e 6 s 1 9 1 5 J -J
L e x A v & P a v F 5 s S ee S t
M e t r o p o l S e c u r it ie s See
M e t r o p o l S t r e e t R y See
N in t h A v e n u e s t o c k . 1 0 0
S e c o n d A v e n u e sto ck lO O
T ]lst m o r t 5 s 1 9 0 9 M -N
C o n s o l 5 s 1 9 4 8 ........ F -A
\\Sixth A v e n u e s t o c k 1 0 0
S o u B o u ie v 5 s 1 9 4 5 ..J -J
S o F e r 1 s t 5 s 1 9 1 9 ...A - O
T h ir d A v e n u e S ee S to c k
T a r r y W P & M 5s 1 9 2 8
Y k e r s S t R R 5 s 1 9 4 6 A -0
2 8 tli 6c 2 9 th S ts 1 s t 5 s ’ 96
T w e n t y -T li’ d S t s t k 100
D e b 5 s 1 9 0 6 ..............J-J
U n io n R y 1 s t 5 s 1 9 4 2 F -A
W e s t c h e s t 1 s t 5 s *43 J-J
$ B u y e r p a y s a c c r u e d in te r e s t .
t P r ic e p e r sh a re.
E xch
13*4
42
$ 83 \
120
$ 97
23
78
$122*2
$100
80
97
li s t
$104
97
100*2
22*2
70
E xch
E xch
9
39
75%
60
$ 86
106
100
102*2
23
73
lis t
list
11
41
75%
63
89
$108
k E xc
S tk E
290
109*2
h list
x list
310
list
14
43
84*4
125
24
79
130
83
99
$107*4 108
E x c h list
$111
$108
$105
130
150
$114
72
94
B a it
113
111
107
•140
160
117
77
98
list
1A
$ 93
96
6
8
E x c h lis t
E x c h lis t
97
97*4
102
99*2 100*2
17
88
90
$101
89
62
$101
1 49
67
100
53
t S a le p r ic e ,
90
91
66
103*2
70
105*2
58
R a ilr o a d
Chic Peo & St L pref.100
P rior lien g 4 *28’30M&S
Con m tg g 5s 1930.J<fcJ
Incom e 5s 1930..........
Ch R I & P ac 5s See Stk
E rie co n v 4sA p r 1 ’ 53(wi)
N atl R R of M ex 2d pf (wi)
N orthern Securities.. 100
P itts Bess 6c L E .........50
P referred .................... 50
Va<fc S ou th w estern .. 100
In d u stria l and MLiscel
A llian ce R ea lty .........100
^A Ills-Chalmer s .........100
•yP ref erred................ 100
TiAmer Bank N ote Co. 50
A m erican Can c o m ... 100
P re fe rre d ..................100
Am erican Chicle CO..100
P re fe rre d ..................l o o
Am erican E levated___
A m er G ra p h op h on e...lo
P referred .................... 10
A m er Press A ssoc’n.100
Am er S h ip bu ild in g...100
P re fe rre d ..................100
Am Soda Foun co m .. 100
1st preferred.............100
2d preferred.............100
Am erican su re ty .........50
Am Strawboard rects 100
Bonds 6s....................F-A
A m er T obacco co m ... 50
^P referred................ 100
Aju T ypefo’rs c o m ... 100
P re ferred ..................100
Am er W riting Paper. 100
P re ferred .................. 100
5s 1919...................... J-J
^Barney 6c Sm Car ...1 0 0
^Preferred................ l o o
Bliss Company com ___50
P re ferred .................... 50
Bond<fcMtgGuar newlOO
B orden’s C on d M ilk .. 100
P referred ..................100
Camden L and................20
Celluloid C o..................100
Cent Firew orks com . 100
Preferred................... 100
Central F ou n dry....... 100
P re fe rre d ..................100
D eb 6s 1919 op ’01M-N
C entury R ealty.........100
Cnesebrough M fg Co 100
flCLatiiD(H B) ls t p r e f 100
T]2d preferred...........100
jfCom m on..................100
Col 6c H ock Coaltfe I pf 100
1st g 5s 1917............ J-J
Compressed A ir C o...1 0 0
Consolid Car H eating 100
fiCons F irew ’ks com .100
P referred................ 100
Cons R y Ltg& Refrig. 100
Consol R ubber T ir e ..100
D ebenture 4 s .............
Cons Storage B attery! Ou
Consol T ob a cco.......... 100
a E x r ig h t s .
7
109
E xch
80
$ 93
10 6
$109
104
50
$104
38
90
8
8
in
lis t
85
94
107
11 0
108
60
39
91
10
$106
93
108
98
22
26
E x c h lis t
$ 86
87*2
t -------- 29
9 0 78 91*8
t 33
36
77
t 73
20
30
102*2
125%
t 55
5 34
43*2
14
86
56*4
6
4 3 34
118
89
93
*4
%
t
3*2
4*2
t
7
h *2
85
95
38
97
103
2
4
78
82
18
20
1 66
170
46
48
$ 98
*280
35 0
1 40
146
32
36
94
96
3 34
4*4
15
18
72*2 7 4
17
25
118
125
13 5
15 0
135
150
350
3 70
1 14
117
106
109
t
316
5ie
114
11 8
22
19
63
58
3
2*2
16
14
65
60
115
10 0
46 0
44 0
100
95
100
95
100
95
60
65
87
$ 84
34
1*8
69
64
35
25
55
65
3%
4
*2 1*2
10
15
20
260
280
112
1 n ilu s r r in l a n d I l i s c e l
C o n s o l T o b a c c o — R ig h t s .
C o n t in e n t a l T o b a c d e b 7s
C r a m p s ’ S h A E n B ldglO U
^ C r u c ib le S t e e l............100
Tl P r e te r r e d ..................100
D is t ille r s ’ S e c u r it ie s .. See
D o m in io n S e c u r it i e s . 100
E le c t r ic B o a t ................100
P r e f e r r e d ................... 100
E le c t r i c L e a d R e d u c ’ n .5 0
P r e f e r r e d ..................... 50
E le c t r i c V e h i c le .......... 100
P r e f e r r e d ................... 10 0
E le c t r o -P n e u m ’ ic T r a n lO
E m p ir e S t e e l............... 100
P r e f e r r e d ................... 100
F u e l O il P o w e r
100
^ G e n e r a l C h e m ic a l ..1 0 0
^ P r e fe r r e d ..................100
G o ld H i l l C o p p e r .......... 1
G o rh a m M fg C o c o m . 100
P r e f e r r e d ................... l o o
G r e e n e C o n s o l C o p p e r . 10
G u g g e n h e im E x p l o r a t i’ n
H a c k e n s a c k M ead o w s 100
H a ll S ig n a l C o ............ 10 0
H a v a n a C o m m e r c ia l. 100
P r e f e r r e d ................... 100
H a v a n a T o b a c c o C 0 .. I O 0
P r e f e r r e d ....................100
H e c k e r -J o n e s -J e w ’ l NI ill
1 st 6s 1922
M -S
H e rr in s :-H a ll-M a r v in lO O
1 s t p r e fe r r e d ............. 100
2 d p r e fe r r e d ..............100
H o b o k e n L a n d & Im plO O
H5s 1 9 1 0 ....................M -N
H o u s t o n O i l ............ . . . 1 0 0
P r e f e r r e d ................... 100
H u d s o n R e a lt y ...................
I n t e r b o r o R T (fu ll p a id }
I n t e r n a t ’ lB a n k in g C o lO O
I n t ’ n ’ l M e r c M a r in e . 100
P r e f e r r e d ................... 100
C o l t r d e b 4 * 2 l9 2 2 o p ’ 07
I n t e r n a t io n a l S a lt ___ 100
1 s t g 5 s 1 9 5 1 .....................
I n t e r n a t io n a l S ilv e r . 100
P r e f e r r e d ................... 100
1 st 6 s 1 9 4 8 ................. J -D
J o h n B S te ts o n c o m . .1 0 0
P r e f e r r e d ....................100
K it c h e n e r G o ld M m ’ glOO
L a c k S t e e l 5 s .* 2 3 o p .to ’ 06
L a n s to n M o n o t y p e ___ 20
L a w y e r s M o r t ln s u r .1 0 0
L a w y e r s ’ T it le I n s . ..1 0 0
L ig h tF u e h fc P o f W V a lO O
IJL orillard ( P ) p r e f . . . 1 0 0
M a d is o n S q G a r d e n .. 10 0
2 d 6 s 1 9 1 9 ................M -N
M a n h a tta n T r a n s it ___ 20
M e x N a t C o n s t r u e .p f i o o
M o n o n g a h e la R C o a l . . 50
P r e f e r r e d ..................... 50
M o s le r S a fe C o ............ 100
N a tio n a l C a r b o n .......... 100
P r e f e r r e d ....................100
flN a t E n a m 6c S ta m p 100
ll P r e f e r r e d ................. 100
N a t io n a l S u r e t y ..........100
X e w B r u n s C a n n e lC o a l 10
l i X e w C e n tra l C o a l ___ 20
N e w E n g C o n s o l I c e . 100
N e w E n g T r a n s p o r .,1 0 0
N Y B is c u it 6 s 1 9 1 1 .M -S
X Y M t g e 6c S e c u r it y . 100
• N e w Y o r k D o c k ___ 100
• ( P r e f e r r e d _________100
N Y T r a n s p o r t a t i o n . ..20
N ic h o ls o n F ile C o ___ 10 0
N o r A m L u m ’r 6c P u lp lO O
TjO ntario S i l v e r ..........100
O tis E le v a t o r c o m ___ 100
P r e f e r r e d ....................100
P it t s b u r g B r e w i n g ___ 50
P r e f e r r e d ........ ........... 50
P it t s b u r g C o a l..............100
P r e f e r r e d ....................l o o
P itt s P la te G la s s ........ 100
P r a t t 6c W h it n p r e f . . 100
P r o c t e r 6c G a m b le ___ 10 0
P r e f e r r e d ....................100
R e a lt y A s s o c (B k ly n )lO O
R o y a l B a k P o w d p r e f. 100
R u s s e ll 6c E r w i n ..........25
S a fe ty C a r H e a t 6c L t 100
S e m in o le M in m e -............ 5
S im m o n s H a r d w c o m 100
P r e f e r r e d .......... .........100
2 d p r e fe r r e d .............. 100
S im p s o n C r a w fo r d C o 1 0 0
D e b s f 6 8 ’ 2 4 o p ’ 0 5 . .J -J
S in g e r M f g C o ..............100
S ta n d a rd M il li n g C o . 100
P r e f e r r e d ....................10 0
5 s ...........................................
S ta n d a rd O il o f N J .. 1 0 0
S ta n d a rd C o u p le r com lO O
P r e f e r r e d ................... 100
S to r a g e P o w e r ................50
S w ift 6c C o S ee B o s to n St
1 s t 5s 1 9 1 0 -1 9 1 4 ....J - J
T e n n e s s e e C o p p e r ........ 25
flT e x a s 6c P a c ific C oal 100
1 s t 6 s 1 9 0 8 ............... A -O
T it le G u a r 6c T r (n ew )lO O
T it le I n s C o o f N Y ..1 0 0
T r e n t o n P o tte r ie s com lO O
P r e fe r r e d n e w .......... 100
T r o w D ir e c t o r y n e w . .1 0 0
U n io n C o p p e r ................. 10
U n io n S w i t c h 6c S ig n a l 50
P r e f e r r e d ..................... 50
U n io n T y p e w r c o m . . 10 0
1 s t p r e fe r r e d ..............100
2 d p r e fe r r e d ..............100
U S C o tto n D u c k ........ 10 0
U S E n v e lo p e c o m . . . 100
^ P r e fe r r e d ..................100
U S L ig h t 6c H e a t ___ 10
UU S R e d 6c R e fin in g .1 0 0
•JP r e fe r r e d ................. 100
IjU S S h ip b u ild i n g . . . 1 0 0
I jP r e f e r r e d ..................100
B oD d s— See S to c k E x c
U S S ilv e r C o rp 6s (w i) .
U S S te e l C orp n e w 5 s See
C o lt r 5s S e r B 6c D 1951
U n iv e r s a l T o b a c c o . . . 100
P r e f e r r e d ................... 1 00
W e s t in g h A ir B r a k e . .50
W h it e K n o b M in in g . 100
W o r t h in g P u m p p r e f.1 0 0
B id
35
A sk
$101
104
25
30
1 4 34 1 4 78
8 0% 81
S t k E x lis t
5
20
20
28
37
42
1
1*12
6
3*2
9
15
3
13
t
10
*4
47
24
65
100
\
*2
13
51
24*2
70
102
*4
5ie
129
129
t ‘J l 34 22
115
125
io
11
90
105
20
24
62
70
36
38
50
60
96
1
30
4
200
$103
5
30
100
10 0
170
8
100
3
40
8
106
7
50
120
100*2
180
8*2
31
31*2
97** 10 0
1 1 ** 12
41
45
15
45
10 1
$ 99
15 0
180
15 0
170
%
*2
97*2 9 8
t
9*2 10
175
170
315
30 5
33
o4
120
10
60
3*4
6
t 10*2
30
3%
7
11
t 40*8
102*2
24*2 2 4 78
95
94
31
32*2
91
85
135
12 5
t ..........
4
50
47
17
14
116
3 L6
11 3
116
130
125
t
6
5 *2
161
163
10
11
5*4
35
94
t 30%
t ..........
2 6 7s
8 5 3;
37
96
31%
45 %
27%
100
35 5
20!
115
10 0
86
133*2
102
35 9
203
120
10 1
63
f 61
180
177
t
34
1*8
12 5
128
130
1.25*4
2 8 ’ 35
80
84
350
33 5
7
3
25
20
70
75
64 7
65 3
33
29
135
125
1
58
k E x c n’ ge
$101
103
30
t 29
90
98
$105
107*2
460
475
150
155
19
91
75
80
t
1*4
1%
t 85
i .......... 105
112
1 08
114
11 8
118
1 14
5
2
12
8
70
65
t
9*4
9V
32
t 30
52
46
4
1
3
30
h lis t
92*2
S tk E x lis t
10 3
3
1
7
4
t .......... 15 8
13*2 14
12 0
112
U S e lls o n S t o c k E x c h a n g e , b u t n o t a v e r y a c t i v e s e c u r it y .
TH K
J unk 13, 1903.]
O H K O N IC LK
1295
fuuestmcut and Railroad intelligence.
R A IL R O A D
GROSS
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained.
The tirst two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July I to and including sucli latest week or month.
The retu rn s o f the street railw ays are brought together separately on a subsequent page.
ROADS
Ween
or Month
Previous
Year
Current
Year
*
58,866
A la G t Southern 3dw k May
A la N O * 1exa<* Pacilic.
194.369
N O ^ N o East. M a y ..........
87,767
A la A V ick sb’ g Via y ...........
109,582
Vickrtb 8h A l\ M a y ...........
Inc.
A llegh en y Valley M arch .......
35,316
A nu A r b o r ........... 1st w k J ’ ne
5,256
A nn W ash A Rai. F ebruary
A t c h T o p A S Fe. A p r i l......... 5,489,109
297,ft94
A tlan ta A Char. M a rch .......
62,375
A tl K n ox v A No M ay..........
27.545
A tla u tlo A Birin A p r il.........
A tl C oast L in e ... A p r il---- - *1087,276
10,
B a lt A A nn S L .. M a roh .......
B alt A O h io......... M a y ........... 5,7 2 0 ,6 9 3
169,053
B a n gor A A roosl A p r il.........
2,002
B a tliA ila m ’ d s p ’ t A p r il.........
6,44h
B elief on te C en t’ ] M a y ...........
3,057
B rld g t A Saco K. A p r il.........
Butt R och A Puts 1st w k J ’ ne 148.350
90.977
B uffalo A S o s q . .. A p ril . . . .
54 ,6 0 0
C anadian N orih .. 2 a w k May
C anadian Pacllit 1st w k J ’ ne 326.000
C ane B e l t ........... . M a rch ........
197,574
C ent’l o f G eorgia Ith w k M a y
C ent’ l o f N Jeraej A p r il......... 1,743.610
C entral P a cilic.. M arch . .. 1,536,919
3.461
Ohattan S outh’ n. 4 th w k M a v
Chesap A O h io ... 1st, w k j ’ ne 312,201
802 ,0 0 9
C hic A A lton R y. A p r il.........
Chic G t W estern. le t w k J ’ ne 103,949
125,655
Chio In d A L ’ v . . . Ith w k M a y
Chic M ilw A St P A p r il......... 3,846,191
Chic A N orth W’ n A p r il......... 114501715
9 2 4 ,0 0 s
Chic St P M A O. A p r il.........
31,478
Chlo T erm T r KK 1st w k J ’ ne
131,889
Ciu N O A T P a c. 3dw k M ay
391 .9 6 6
Cl Ciu (Jh A St L. 3d w k May
P eoria A E ast’ i) Jdw k M aj
57 ,1 0 7
C olorad o A South 1st w k J ’ ne 137,002
C ol N ew h A Lau. M a rch .......
22,747
38,437
C opp er R an g e... M a rch ____
C o rn w a ll............. A p r i l.........
9 ,6 2 5
22,949
C orn w all A L e b .. A p r il.........
C um berl’ d V a llej A p r il.........
152,979
D en v. A R io G r. /
292
,7 0 0
1st
w
k
J
’
ne
R io Gr. W est. $
95 ,3 8 2
D et A M ack in ac. A p r il.........
24,435
D etroit Southern. 3 d wk M ay
59.895
Dul So 8h A A t l .. 1st w k J ’ ne
20,992
E ast A W . o f A la. A p r il.........
E r i e ........................ A p r il....... 4,1 0 4 ,2 2 4
6,818
E va n sv A Indian le t w k J ’ ne
30.571
E va n sv & T H .. . le t w k J ’ ne
F ’rch ild A N ’ r ’e’ n A p r il____
3,205
6,404
F arm v A P ow lial a p r i l .........
174,069
F t W A Denv*City M a rch ____
171,302
G eorgia l i R ......... A p r il.........
118,611
G a South A F la .. M a y -.........
30,434
G ila V al G A N_. A p r il.........
G r T run k System l e t w k J ’ ne 635,497
G r T r . W est’ ll. 3dw k M ay
111.350
18,449
D e t Gr H A M .. 3 d w k May
G rea t N orth ern .. M a y ........... 3 ,019,395
191,635
M on tan a O ent’l M a y ...........
T ota l system . M a y ........... 3.2 1 1 .0 3 0
150,773
G u lfA S h ip Islau d A p r il.........
H ook in g V a lley .. le t w k J ’ ne 137,342
H ou s A T ex Cent M a rch ........ 412 ,0 4 8
Illin o is C e n tra l.. M ay.......... 3,961,831
Illin ois Southern M a y ...........
11,463
In d 111 A I o w a ... A p r il.........
136 ,8 8 6
In t A G t N orth ’ ll le t w k J ’ ne
7 7 ,6 1 0
fln t e r o o (M e x )... Wk M ay 23 105 .0 0 0
Io w a C en tra l___ 1st w k j ’ ne
30,013
Iron R a ilw a y ___ M a y ..........
7,339
K an aw h a A Mich 1st w k j ’ne
•J-. 108
K an C ity S ou th ’ u 4th wk May
166,723
441 ,4 3 2
L a k eE n eA W estn M ay...........
L ehigh Val R R .. A p r il......... 2,620,629
L ex in g A E a st’ n . A p r il.........
49 ,6 4 6
In c . 50
L on g I s l a n d ___ A pril . . . . .
68,720
L ou H eu d A St L. M a rch ____
L ou isv a N asliv. l e t w k j ’ ne 698,885
10,892
M acon A B ir iu ... May .........
10,514
M an’ teeA Gr. Kap A p r il........
28,404
M anis A N o East A p r il.........
$
45,708
Current
Year
2,415,557
Previous
Year
2 ,213,708
172,926 2 ,1 0 6 ,5 3 0 1,869,732
950 ,5 9 5
78,168 1,053,616
9 9 9 ,3 6 4
179,546
88.493 I ,
i nr. 113,105
66.359
1,874.523 1 ,762,624
29.
54,484
55 ,3 8 8
5,620
4,953,238 5 2 ,6 4 7 ,6 5 3 4 9 .779,414
263,992 2.405,025 2,2 5 3 ,6 8 6
572,677
643 ,6 5 6
53,183
110,641
217,797
12.193
*1523196 HO, 156934 *14,349347
88,456
80,637
9,616
0 ,1 1 3 ,'tot) 57 ,6 1 3 ,7 7 3 5 2 ,801.315
156,105 1,483,620 1,422,14 l
28,862
30.899
2,105
53 ,2 5 6
60 ,8 4 0
4,811
34,521
41,128
2,70*'
1 42,912 6,868.727 5,8 4 3 ,6 7 4
83 7 ,7 4 2
69 8 ,4 3 3
69,196
25,100
7 1 5 .0 0 0 40 ,7 0 6 ,8 0 0 3 5 ,0 3 8 ,0 8 2
126,655
164,769
12,387
1 8 0 ,5 6 5 8 ,489.052 7 ,1 9 i,s 2 7
1,580.377 1 4 ,253,713 13,935,719
1,466,185 15,555.059 L5,193,284
88,788
112,204
2 ,9 6 0
27 6 .0 0 5 15,17 i, r j:; 15.606,360
6 62,058 8.485,431 7.7 9 4 ,1 9 8
126,688 7 .217,437 7,1 0 9 ,8 6 0
131,668 4,615,451 4 ,177,219
3,4 3 7 ,9 0 8 3 9 ,909.432 38 ,2 5 5 ,0 0 8
3.7 7 2 ,2 2 4 1141505557 3 8 ,7 7 0 ,8 9 6
8 68,642 10,212,830 9 ,995,838
33,924 1,619,788 1,521,104
112.533 5,327.311 4 ,9 2 3 ,7 2 0
3 5 3 ,6 9 0 17,739,637 16.588,010
52,146 2,5 7 4 ,0 4 9 2,2 5 2 ,9 6 6
114,802 5,7 L8.105 5 ,160,725
139,175
148,865
20.343
136,029
277,032
18,199
91,448
75 ,9 8 3
8 ,0 9 0
2 80,475
2 02,257
26,005
89,479 1 ,260,790 1,979,551
33 3 ,7 0 0 16,180,434 15,8S3,434
7 2 1 ,4 2 6
81,211
7 88,027
24,047 1 ,273,580 1.098.738
55,559 2 ,561,916 2,4 9 2 ,7 0 3
155,136
201,337
15.567
3 ,586,884 3 7 ,1 7 2 ,2 9 4 34 ,3 2 5 ,2 3 7
3 1 8 ,9 9 2
3 73,186
6 ,1 0 0
29,737 1 .622,575 1.391.738
31,063
33,899
3,770
60,969
62 ,6 8 0
7,969
169.0
L71 ,923,333 1 ,670,644
154,287 1,976,751 1 ,706,805
1 00,030 1,481,528 1,145,407
30 7 ,8 1 7
26 3 ,0 2 0
36,235
5 10.533 3 1 .0 6 5 ,3 1 5 27 ,6 6 5 ,5 4 6
93 ,1 5 0 4,497,4.63 3 ,947,502
22,089 1,059,209 1,014,390
2 ,7 3 0 ,7 3 2 36 .1 9 1 .1 3 5 32 ,1 1 8 .0 5 6
186,511 1,940,319 1,649.757
2 ,917.243 3 8 .131,454 33 ,7 6 7 ,8 1 3
119,728 1,414,138 1 ,132,250
125,857 5,489,889 4 ,917,977
3 6 1 ,6 4 0 4,1 4 4 ,0 9 4 4 ,082,969
7 ,5
0 1 63,5
5 32 0 ,7 1 2
3 ,4 6 2 ,8 7 0 I I ,
122,931
136,069
10,792
134,193 1,457,179 1,4 2 1 ,3 4 6
7 5 ,5 5 2 5,143,443 4 ,7 8 9 ,6 8 0
84,420 4 ,655.970 3.8 1 8 ,6 5 5
48,332 2,257.157 2 ,3 8 4 ,3 4 9
76 ,3 5 7
79,944
7 ,3 6 9
18,785 1,147,250 1,040,033
1 59,625 5 ,837,854 5 ,2 6 s ,292
39 9 ,5 6 8 4.4 4 2 ,2 9 2 4 ,1 7 2 ,1 2 4
2 ,326,472 21 ,8 9 2 ,6 8 4 2 1 ,904,263
3 42,935
4 54,275
45 ,4 5 0
Inc. 443 ,124
,995
51S.763
6 08,435
54,078
6 16,525 3 3 ,051,365 2 8 ,666,583
115,537
1 38,650
10,588
103,585
118,563
6,680
2 77,768
293,236
23 ,2 2 4
V A R IO U S
ROADS
A lleg h en y V a lle y ................
A tla n ta A Cliarl A ir L in e ..
B elief on te C en tral...............
C anadian N orth ern .............
C entral o f N ew J e rs e y .......
C hicago A N orth W estern .
Chic St P M inn A O m a h a ..
C um berland V a lle y .............
In tern ation al A G t N orth’n
L ake E rie A W estern .........
M anjstee A N orth E astern
M a n istiqu e.............................
M issouri P a cific....................
C entral B r a n c h .................
T ota l..................................
{M ex ica n C entral t .............
M ex ica n In tern ation a l .
Gross learnings
Jan.
Apr.
Jan.
Jan.
Jan.
Ju ne
Jan.
Jan.
Jan.
Jan.
Jam
Jam
Jam
Jam
Jam
Jam
Jam
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
Mar.
Mar.
M ay
M ay
Apr.
Apr.
Apr.
Apr.
June
M ay
Apr.
M ay
Ju ne
June
June
Ju ne
Apr.
Inc.
31
31
$ 3 ,081,163
31
30,927
14
7 8 3 ,3 5 0
6 .578.889
30
30 H 45 ,5 0 5 .9 2 5
30
3 ,710,509
30
543,789
2 ,165,803
7
1,981,718
31
132,047
30
22 .3 4 3
31
17,180,911
7
505,765
7
7
1 7 ,686,676
10 ,9 1 2 ,1 4 0
7
2 ,5 6 6 ,3 9 4
30
ROADS
$ 1 4 7 ,4 2 0
2 ,898,978
23,748
4 8 9 ,9 1 5
5 ,2 4 5 ,8 3 9
42 ,6 8 3 .9 9 8
3 .6 2 3 ,9 3 4
343,427
2 ,0 0 4 ,9 9 6
1,864,862
122,667
37,698
1 4 ,649,063
4 0 2 ,2 5 9
15 ,0 5 2 ,3 2 2
8 ,9 2 4 ,8 2 5
2 ,1 1 1 ,1 9 6
Ween
or Month
Previous
Year
Current
Year
M a n lstlq u e ........ M ay...........
M aryl’ d A Penn.. A p ril . .. .
; M exican C eu t’ l.t 1st w k j ’ ne
l M exican In tern A p r i l ___
li&x lean R y ....... Wk M a y 23
iM e x lca u S o iilh ’ cj 3 d w k May
M ilieu a S o 'w ’ n. A p u l ---M ineral R a n g e .. 1st wk J ’ ne
Vliiineap A b t L. 1st w k J ’ ut
M St P A S St M. 4th wk M ay
Mo Kan A Texa* 1st w k j ’ ne
Mo P ac A Iron Mi i w k j ’ ne
C entral Brauch 1st w k J ’ ue
T o ta l............... 1st w k j ’ ne
M ob J a ck A K C. W k M a y30
M obile A O h io ... M a y ... ..
Naeh Oh A St L .. 1st w k J ’ ue
tN at’ l UK o f Mex 1st w k j ’ ne
N ev-C al-O regon M a y ...........
N evada C en tra l.. M a rch .......
N Y 0 & H ud Riv M a y .........
N Y O ut A W eet. A p r il........
N Y Susa A Weel A p r i l.........
N orfolk A W est’ n 1st w k j ’ne
N orthern Central A p r il.........
North*n P a cific.. vi a y ...........
N or Shore (C a l).. M a rch ........
O hio R iv A West.. A p r il.........
P acific C oa st Co A p r il.........
e P cn n —E astP A E A p r il.........
eW est P A E ... A p r il.. .. .
P erc M arqu ette w 1st w k j ’ ne
P hila B a lt A W’ sh a p r il.........
Phlla A E r ie ____ M a rch .......
Pine B lf A rk R
M a rch .......
Pittsb C C A St L M a r c h ....
R eading R a ilw a y A p r il.........
C oal A Ir C o ___ A p r il.........
R ich F r’ ksb A P . M arou ___
R io G ran de J e t .. M arch. .. .
Rio G ra n d e S o . .. 4thw kM ay
R ock Is I’ d Sy st’ in A p ril ___
R u tla n d ............... 3 d w k M a j
St J o s A G r I ....... A p r il.. ..
St L A San Fran y 4tn w kM ay
St L S o u th w e s t.. 1st w k j ’ ne
S t L V an A T H . . M a y ...........
San A n t & A P . . . A p r il.........
San Frau A N P .. M a y ...........
S eaboard A ir L .. 4tn w kM ay
S outhern I n d ___ M a y ...........
So P a cilic C o l>.. A p r il.........
C entral Pacific. M a rch .......
G al H a r A S A . M a rch ........
G al llo u s A No M a rch .......
G u lf W T A P . . M a r c h ___
H ou s E & SV T. M a rch .......
H ou s A S h rev.. M a rch .......
H ou s A T e x Cen M a r c h ....
L ou is’ a W e s t... M arch.......
M org a n ’ s L A T M arch.......
N Y T A M ex .. M arch.......
O regon A Calif. March-----So P a c C oast.... M a r c h .....
So P a c R R C o.. M a rch -----T e x A N O rl....... Mai e h .......
Southern R a ilw ’ y 1st w k j ’ ne
T erre H A In d ... M ay...........
T erre H A P e o r .. M a y ...........
Texa^ C entral . . . 4thw kM ay
T e x a s A P a c ific .. 1st w k j ’ ne
T e x S V A N W .. M a y ...........
T o i A O hio C e n t . l3 t w k j ’ ne
T ol P A W e s t ___ 4thw kM ay
T o l St L A W ........ 1st w k j ’ ne
T o r H am A B u l l. 4thw kM ay
Un P ac p r o p e r ... 4tliw kM ay
Un P ac S y s te m .. A p r il.. ..
W a b a s h ................ 1st w k j ’ne
W J ersey A S ea’e A p r il.........
W heel A L E ........ 1st w k j ’ ne
Wui’ sp ort A N.Br. M a r c h ____
W isconsin C e n t.. 1st w k J ’ n6
W righ tsv A T^n.. A p r il.........
Y a zoo A M iss. V. M ay...........
F ISC AL .
Current Year Previous Year
lu iv 1 to Latest Dale,
Latest Cross har mays
July 1 to Latest Date-
Latest Gross ha ruings
7,572
25,905
489,224
638,528
108,300
18,121
3,209
11,321
51.140
199,984
197,690
454.000
3,000
457.000
6,767
538.561
186,170
227,996
19,703
3,463
6 ,712.479
553,950
280,352
417,222
862,602
3 ,719.357
4 0 ,8 3 0
16.415
443.266
10767577
In c. 62
199,877
1,153,373
617,126
2,993
2 ,108,936
2 ,978,185
2 .8 6 1 ,1 5 5
114,202
46,135
13,629
«;3518153
42,952
122,207
0 780,889
118,777
207,731
230,965
116,292
304,311
90,162
7.3 0 7.000
1.536.919
542,717
82,570
9,868
62,076
16,798
412,048
134,519
320,112
26,121
3 2 9 ,650
70,744
2 ,641,328
226,662
7 5 0 ,290
157,129
47,610
12,790
165,478
11,500
72,908
33,719
47,832
16,189
572,796
4 ,175.206
352,798
3 2 5 ,214
96.700
14,333
127,500
10,466
611,626
14,044
Cut real
>ear
75.616
Preoio its
Year
7 2 .3 2 7
21.798,696 17.552.011
5.99 8 .8 4 0 5 ,1 4 1 .8 8 2
4 ,7 7 1 ,0 0 0 4,11 3 .6 0 0
8 0 0 .259
878,682
32 .3 9 6
40,068
5 5 3 ,0 4 2
519,831
3,057,667 3 ,2 7 7 ,6 5 6
6.609,255 5.64 3 ,7 4 8
16,307,826 15.485,648
36,848,539 33,872,859*
1,126.223 1,1 13.713
37, '.)7 1,762 3 4 ,9 8 6 ,5 7 2
150,695
249,797
6,970,561 5 ,9 7 1 ,0 9 3
8.903.202 7 ,4 1 3 ,4 8 4
9,853,723 7 ,5 0 0 ,4 4 4
113,057
1 7 S ,14 1
28 ,8 4 7
29,810
70,881,008 6 1,996,137
4,911,861 4 .8 2 3 ,8 9 3
2,094,533 2 ,3 1 1 ,2 5 2
19,524,340 1 6 ,4 9 5 ,2 6 4
7,670.481 7.08 6 ,6 8 1
4 2 ,9 8 9 .0 5 0 3 8 ,7 3 4 ,0 4 6
3 3 1 ,6 7 5
384,999
149 ,4 7 0
161,983
4,56 0 ,2 9 0 4,15 5 ,9 8 1
97,946,097 3 6 ,8 00,197
In c. 4*4 36 ,3 0 0
9,928,134 9 ,1 9 9 ,5 6 1
10,762,074 9 ,7 9 9 ,0 7 4
5,031.894 5,16 3 ,7 6 3
28 ,2 7 5
27,148
17,362,948 16,247,147
25,309,781 2 5 ,0 6 4 ,7 8 6
L7,146,068 2 5 ,1 6 0 ,9 5 4
797 ,6 0 8
900.546
4 4 3 ,1 7 0
435,599
506,442
5 2 2 ,4 5 4
1*38276807
2,057,914
1,810,547
4 i*376
95,459 1.187,148 1 ,1 3 2 ,6 0 6
^720,077 029366617 0 2 5 6 3 8 5 0 3
115.780 6,870,423 6 ,8 6 9 .9 6 4
178,734 2.189.841 1,9 4 9 ,9 9 0
247,620 2,141,276 2 ,1 7 2 ,8 3 0
94 ,7 7 0 1,171,304 1 ,0 1 4 ,3 0 2
315,865 11,613,469 10,632,805
871,554
5 5 8 ,4 9 9
58,779
6,800,163 7 3 ,0 9 2 ,5 0 2 7 0 ,2 9 5 ,5 1 1
1,466,185 15.555.059 1 5 ,1 9 3 ,2 8 4
537,689 5,03 4 ,0 2 3 5 ,4 4 9 ,0 1 8
3 3 0 ,3 5 4
862,867
23,584
110,3 0 7
124,939
9,624
685,862
7 2 1 ,5 4 1
75,618
1 7 7 ,0 8 5
178,926
18,294
361 ,6 4 0 4,144,094 4 ,0 8 2 ,9 6 9
159.780 1,434,594 1 ,4 4 1 .2 3 2
403,283 3,684,204 4 ,3 0 8 ,2 0 0
2 7 5 ,5 7 7
345,148
24,809
287,991 2,948,992 2 ,5 7 1 ,2 6 3
6 8 4 ,1 9 7
697.639
66,681
2,370,934 22,766,899 2 1 ,8 4 0 ,9 6 6
243,367 2,359,543 2,2 1 2 ,6 5 5
691,275 3 9 ,7 47,220 3 5 ,6 4 4 ,6 3 9
145.140 1,721,551 1,552,695
538,130
49,602
5 1 1 ,4 5 8
5 5 9 ,2 6 4
566,137
10,910
140,460 10.964.060 10,884.294
143,300
9,900
145 ,2 9 4
58,041 3,106,887 2 ,6 6 6 ,5 9 7
35,178 1,129,029 1,047,216
42,434 2,94 2 ,3 7 0 2 ,4 7 5 ,7 9 9
13,002
4 4 4 ,8 3 8
465,623
537,659 26,168,613 2 4 ,9 9 2 ,9 6 2
3.740.374 42,411,186 3 9 ,9 2 9 ,7 8 3
336,742 19,783,718 17,874,611
277,014 3,335,084 3 ,1 1 5 ,5 8 4
73,335 3.904.202 3 ,2 7 9 ,7 2 6
139,530
8.521
98 ,2 9 9
117,021 6,166,433 5,583,876
124,767
154,082
9,734
462,994 6,748,990 6,140,896
380,039
535,387
88,300
20.614
2,907
10.065
77 .1 1 0
159,507
267,003
5 8 4 .000
17.000
601.000
3,47ft
599,364
149.139
148,338
17,425
2,765
5,963,616
468,888
222,216
316,832
758,902
3,406,273
33,587
14,828
385,241
9,099,677
1,600
185,005
1.015.373
475,061
3,211
1,870,175
2,76 6 ,3 0 3
3 ,2 3 2 ,0 5 0
96,122
39,702
15,438
YEARS.
ROADS
I M ex ica n R a ilw a y ...............
tM exican S o u th e r n .............
\National R R o f M e x ic o ...
N orth ern C e n tra l................
N orth S h ore............................
eP eim sy., E a st o f P A E . . .
eW est o f P A E ..................
P ere M a rq u e tte ....................
P hila B a ltim ore A W a s h ..
P h iladelph ia A E r ie ...........
P itts C ih C h ic A St L o u is ..
R io G rande J u n c t io n .........
St L V andalia A T erre H ..
T erre H au te A In d ia n a p ..
T erre H au te A P e o r ia ........
T exas A P a c ific ....................
W est J e rse y A S e a sh o r e ...
Gross Earnings
Jam
Apr.
Jam
Jam
Mar.
Jan.
Jam
Jam
N ov.
Jam
Jam
Deo.
N ov.
N ov.
N ov.
Jam
Jam
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
M ay
M ay
June
A pr.
Mar.
Apr.
Apr.
June
Apr.
Mar.
Mar.
Mar.
M ay
M ay
M ay
June
Apr.
23
21
7
30
31
30
30
rj/
30
31
31
31
31
31
3i
7
30
C urrent Y ear P reviou s Year
$2 ,1 9 5 ,1 0 0
144,666
4.87 7 ,7 9 7
3,306,327
40,830
38,702,879
In c.
4,624,962
6,326,998
1,627,120
5,642,606
170,965
1,384.953
1,082,276
333,502
4,945,842
1.018.978
$ 1 ,9 6 3 ,6 0 0
145.549
3 .7 0 2 ,3 9 5
2 ,7 7 0 ,4 2 7
33 .5 8 7
3 3 ,9 21,879
1.79 1 ,1 0 0
4 ,2 6 2 ,0 5 4
5,669,098
1,35 8 ,7 9 0
5 ,3 1 3 ,8 4 9
168,010
1,21 3 ,2 2 7
9 7 7 ,319
309 ,5 5 4
4,66 1 ,8 2 3
9 2 9 ,5 7 8
t R esults on M on terey A M e x ica n G u lt are in clu d ed fr o m M arch 1 ,1 9 0 2 . t M e x ic a n cu rre n cy . tf In clu d e s tran s-M issou ri lin es In 1903,
begin n in g M arch 1, m a k in g len g th o f ro a d on w h ich ea rn in g s a re re p o rte d 7 ,3 5 7 in 1 9 0 3 , a ga in st 5 ,8 7 6 m iles in 1902.
o In clu d e s th e H ou st.
T ex . Cent, and its su beid. lines,
e C overs lin es d ire ctly op era ted , p In clu d e s th e C h icago A E a stern Illin o is in b oth years.
/I n c lu d in g
Sav. F lor. A W est, an d also F lo rid a S ou th ern a n d S a n ford A 8 t. P e te rsb u rg R ys. in b oth years, v O ther in co m e n o t in clu d ed in th e gross either
fo r m on th o r fr o m J u ly 1. tv In clu d e s L ak e E rie A D et. R iv . R y . fr o m Jan . 1 b oth years.
THE CHRONICLE
1296
Latest Gross Earnings b y Weeks.— I d. the table which
follows we sum up separately the earnings for the first
week of June. The table covers 37 roads and shows 9 00 per
cent increase in the aggregate over the same week last year.
The overflows along the Mississippi affected earnings ad
versely on many roads.
3st week o f June.
1903.
1902.
$
35,346
148,350
926,000
312,201
103,949
31,478
137,002
292,700
59,895
6,818
30,571
$
29,765
142,912
715,000
276.005
126,688
33,924
114,802
333,700
55,559
6,100
29,737
$
5,581
5,438
211,000
36,196
635,497
540,533
94,964
137,342
77,610
30,013
28.408
698,885
489,224
11,321
51,140
197,690
451,000
3,000
186,170
227,996
417,222
199,677
118,777
760.290
165,478
72,908
47,832
352,798
96,700
127,500
125,857
75,552
48.332
18,785
616,525
380.039
10,065
77,110
267,003
584,000
17,000
149,139
148,338
346,832
185,005
115,780
691.275
140,460
58,041
42,434
336,742
73,335
117,021
11,485
2,058
7,661,988
7,029,395
A n n A rb or......................... .
Buffalo R och. <fe P ittsb’ g
Canadian P a c if i c ..—...,.
Chesapeake & O h io .........
C hicago G reat W estern
Chic. T erm . T ra n sfer___
C olorado <fc S ou th ern ..
D enver & R io G rande *
Duluth So. Shore & A tl..
E van sville & In d ia n a p ..
E vans. & T erre H a u te ...
G ran d T ru n k ....... .— o
G rand T runk W e s t .. >
D et.G d. H av. & M ilw. 3
H oek ln g V a lle y ........... .
in te rn a tio n a l & G t. N o..
Iow a C e n tr a l....................
K anaw ha & M ich ig a n ...
L ou isv ille & N ash ville ..
M ex ica n C entral..............
M ineral R a n g e..................
Minn. & St. L o u i s .. ........
Mo. K ansas & T e x a s ----Mo. P acific & Iro n B it....
Central B ranch ..............
N ashv. Chat. & St. L ouis.
N ational R R . o f M e x ico .
N orfolk & W e s te r n ..___
P ere M a rq u ette!............. .
Bt. L ouis S ou th w estern ..
Southern R ailw ay. . . . . . . .
T exas <fe P a cin c— _____
T oled o & Ohio C e n t r a l..
T ol. St. L . & W est______ _
W abash ...— .— ....____
W h eelin g & L a k e E r ie ...
W iscon sin C en tra l.— ..
T ota l (87 road s)............
Net in crease ( 9 0 0 p.o.)...
* In clu d es R io G rande W estern.
R iv e r R y . fo r both years.
In crease.
22,200
4,336
718
834
9,623
82,360
109,185
1,256
B eer ease.
$
_____
22,739
2,446
41,000
........
18,319
_____
25,970
69,313
130,000
14,000
37,031
79,658
70,390
14,875
2,991
59,015
25,018
14,867
5.398
16,056
23,365
10,479
956,380
632,593
1903.
P reviou sly rep ’ d (S ir ’dsi
Central o f G e o r g ia ...— .
C hattan ooga Sou th ern...
Ohio. Ind’ plls & L oulsv..
Io w a C en tral.....................
K ansas C ity Southern . . .
L ou isville & N a sh v ille..
M ex ican C entral......... . . .
M ineral R a n g e .................
M inneapolis & St. L ouis.
M ob. Jaokson & K . City ^
St. L ouis & San F r a n .. )
Chic. & E. 111.. . . . . . . . >
B eaboard A ir L in e ...........
T ex a s C en tra l.................
T oledo P eoria & W est’ n .
T oron to H am . * B uffalo.
U n ion Pacific p ro p e r ___
$
10,303,418
197,574
3,461
125,655
48,073
166,723
938.585
580,025
14,901
74,670
6,767
780,889
3 04,31)
12,790
33,719
16.189
572,796
t In clu d es L ake E rie & D e tro it
1902
In crease.
$
9,274,536
180,565
2,960
131,668
72,885
159,625
885,590
646,750
15,906
94,057
3,478
720,077
315.865
10,910
35,178
13,002
537,659
$
1,118,998
17,009
501
T ota l (51 r o a d s ) . .. ... .. 14,180,547 13,100,711
N et Increase (8*25 p. c.)..
1,300,906
1,019,836
- Gross
E arn in gsPrevious
Year.
Year.
----- Net
Earnings.-----Current
Previous
Year.
Year.
C urrent
Roads.
$
$
$
$
E ast& W est o f A la .a A p r.
20,992
7,454
15,567
d ef 242
July 1 to Apr. 3 0 ___
201,337
155,136
72,428
5,779
E iiiso n E le c. Ilium . Co. o f
B rook ton , M a ss..A p r.
8,240
2,314
7,357
2,959
F all R iv e r Gas W orks
Co. ...........................Apr.
24,602
9,898
G ilaV a l.G lob e& N .a A p r.
30.434
.36,235
18,881
20,742
Ju ly 1 to Apr. S o ___
2 63,020
158,271
307,817
162,405
Gr. T ru n k o f C a n .. .Apr. 2.223,990 1,929,567
671,577
688,123
Ju ly 1 to Apr. 3 0 ___ 22,369,246 19,925,908 6,535,986 6,413,317
75,431
Gr. T run k W e s t... Apr.
4 75,457
424,359
72,998
532,390
July 1 to Apr. S o . . . . 4,168,361 3,657,676
576,198
D e t.G r. H.<Sr. M il.A p r.
86,624
82,731
9,733
13,626
Ju ly 1 to Apr. 3 o ___ 1,007,731
950,326
282,792
261,447
Illin ois C e n tra l.. .a .A p r. 3 ,795,934 3,305,236 1,037,568
886,970
Ju ly 1 to Apr. 3 0 ....3 7 ,0 5 4 ,7 2 2 34,057,842 11,221,051 11,135,789
M anistee <fe Gr. R a p . Apr.
def.530 def. 1,772
6.680
10,514
July 1 to Apr. 3 0 ___
118,563
d ef.7,791
14,581
103,585
M ilwauk. G as L. Co. Apr.
52,822
49,161
Jan. 1 to Apr. 3 0 ,—
269,015
282,276
M inneapolis Gen. E le c
tr ic C o ..—___ ....A p r .
42,716
17,303
17,396
36,077
St. J os. <& G-d. Is l.b . Apr.
22,888
22,132
122,207
95,459
July 1 to Apr. 3 o ___ 1,187,148 1,132,606
431,323
422.486
205,351
536,744
613,836
S t.L ou is S’ w e s t. b .. Apr.
129,089
July 1 to Apr. 3 o ... 6 ,216,986 6,180,827 1,762.318 1,813,814
53,962
29,007
247,620
230,965
S a n A n t.& A ra n .P .a A p r.
575,474
446,940
July 1 t o Apr. 3 o ___ 2,141,276 2,172,830
19,562
88,392
46,076
52,454
Southern In d ia n a ..A p r .
405,295
211,628
499,720
Ju ly 1 to Apr. 30 —
781,392
i Sou th ern P a o .a .. .A pr. 7,302,000 6,800,163 1,658,498 1,854,071
July 1 to Apr. 30 ...7 3 ,0 9 2 ,5 0 2 70,295,511 21,152,296 23,344,523
20,447
18,115
T o l.P e o ria & W est.b M a y
100,328
98,304
258,164
249,857
Ju ly 1 to M ay 31 . . . 1,129 ,0 2 9 1,047,216
939
1,865
W r ig h ts v .* T e n n .b A p r.
x l0 ,4 6 6
x 9 ,7 3 4
45,250
60,953
154,082
124,767
July 1 to Apr. 3 u __ _
83,402
140.486
Y’ a z o o & M iss.V a l.a .A p r.
5 6 3 ,3 0 2
534,526
July 1 to A pr.. 3 0 . . . . 6 ,137,364 5,677,902 1,494,742 1,831,390
a N et ea rn in g s h e r e g lv e n & r a a f t e r d e d u c tin g t a x e s .
3 23,787
For the fourth week of May our final statement cover51 roads, and shows 8‘25 per oent increase in the aggregate
over the same week last year.
4th week o f May.
[Yol. l x x v i ,
D ecrease.
$
90,116
6,013
24,812
7,098
52,995
66,724
1,005
19,387
3,289
60,812
11,554
1,880
1,459
3,187
35,137
2 2 1 ,0 7 0
IT W eek ending M ay 30.
Net Earnings Monthly to Latest Dates.—The table follow.
1ng shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, including ah
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement oi
this kind will be found in the Chronicle of May 23,
1903, The next will appear in the issue of June 20, 1903.
b N et ea rn in g s h ere g iv e n a re b e fo r e d e d u c tin g t a x e s .
1 T hese figures in oln d e H o u sto n & T e x a s C en tral and Its su bsid iary
lines and also Steam ship L ines.
IT In clu d es R io G ran d e W estern fo r both years.
x ln o lu d e s $49 0 “ oth er in c o m e ” f o r A p ril, 1903, an d $35 2 fo r
A p ril, 1902.
interest Charges antf S u r p l u s * — T h e f o l l o w i n g roads, in
iddition to their gross and n e t e a r n i n g s g i v e n i n t h e f o r e
going, also report oharges f o r i n t e r e s t , & o . , w i t h t h e surplus
ibove or deficit below those charges.
h it , Rentals, etc.— , r-Bal. o f Net Earn’gs.—,
Current
Previous Current
Previous
Year.
Year.
Year.
Year.
/—
Roads.
$
B elle fo n te C entral M ay
425
Jan. 1 to M ay 3 i . . . .
2,1 2 5
iD au. & R . G ra n d e ..A p r.
325,493
July 1 to Apr. 3 o . . . . 3 ,2 7 8 ,SOI
E dison E lec. Ilium . Co. c f
B ro ck to n , M a ss..A p r.
800
G ila V a l.G lo b e & N. Apr.
116,759
July 1 to Apr. 3 0 . . . .
U68,429
M inneapolis Gen. E le c
tric C o ....................Apr.
8,842
8t. I o s . & G r .I s l ’d -.A p r.
18,824
Ju ly 1 to A pr. 30 ..
189,611
San A n t. <fe A r. P ...A p r .
x 7 4 ,8 5 2
July 1 to Apr. £ 0 .—
x 7 3 1 ,3 0 5
Southern P a o........... Apr. §3 ,1 6 4 ,4 6 4
July 1 to Apr. £ 0 . . . . § 31221722
T ol P e o . & W e s t ...M a y
22,485
July 1 t c M ay 3 1 — .
247,811
$
$
$
522
1,097
885
2 ,6 1 0
9/682
6,256
318,474 t ‘ 136,427 t ‘ 254.560
3,108,695 t*2580249 1*2453977
729
1,514
12,122
89,842
2,230
.............
.............
8,205
18.5S2
167,163
8,461
9,191
3,308
4,356
241,712
255,322
d ef.4 5 ,8 4 4
......... .
df.284,365
.............
.............*df.l.498,183
.............
........ *df.9,462,235
.........
22,098 def.2,038 d ef.3,933
250,451
10,354
d ef.594
* A fte r a llo w in g f o r o th e r In co m e r e c e iv e d ,
t T hese fig u res are a fte r a llo w in g fo r oth er in com e and f o r d iscou n t
and ex ch a n g e .
A fte r d e d u c tin g $ 1 0 ,0 0 0 f o r R en ew al F un d in
A pril, 1903, and $ 1 0 ,0 0 0 in A pril, 1902, th e su rp lu s fo r the m onth
is $126,427 again st $ 2 44,560 a yea r a g o. S im ilarly, after d eductin g
$ 100,000, the surplus fr o m J u ly 1 ,1 9 0 2 , to d ate la $2,460,249, again st
$ 2 ,3 5 3 ,9 7 7 a y e a r ago.
J In clu d es R io G ran de W estern fo r b o th years.
Gross Earnings .— , — —Net Earnings.
>
Current
Previous
Current
Previous
§ These figures Inolnde $ 1 ,821,192 a p p rop ria ted fo r betterm en ts and
Year.
Year.
Year
Year.
additions to p roperties an d eq u ip m en t In A pr., 1903, an d $17,822,360
—
Roads.
$
$
$
$
A n n A r b o r . b .......... Apr.
192,963
66,161
158,476
13,830
580,530
Ju ly 1 to Apr. 3 0 . . . . 1,687,404 1,595,969
458,584
52,401
17,846
A tl. K n o x . & N o .a . Apr.
60,813
16,681
519,494
179,943
198,052
Ju ly 1 to Apr. 30 ..
581,281
B a ltim ore & A u n ap olls
9,616
2,063
S h ort L in e a ......... Mar.
10,345
3,445
29,422
80,637
25,019
July 1 to Mar. 3 1 ___
88,456
B a lt. & .. ...................M ay 5,720,693 5,113,456 2,237,014 1,809,428
July 1 t o M ay 3 1 ....5 7 ,6 1 3 ,7 7 3 52,801,315 21,488,724 19,001,922
1,522
4,811
1,407
B e lle fo n t e C e n tr ’ l bM a y
6,448
11,807
23,748
8,866
Jan. 1 to M ay 3 1 ----3 0,927
63
d ef.302
2,708
B rid gt. & Saco R .b . A pr.
3,057
34,521
13,907
8,907
Ju ly 1 to Apr. 3 0 ___
41,128
174,635
394,170
139,792
C h lo .In d .& L o u is.a .A p r.
449,178
Ju ly 1 t o Apr. 3 0 . . . . 4,190,200 3,769,378 1,624,330 1,431,066
2,833
3,052
8,090
C o r n w a ll.a ................Apr.
9,625
43,122
94,448 def.37,252
Ju ly 1 to Apr. 3 0 . . . .
75,983
10,914
11,050
26,005
C orn w a ll & L e b a n .. Apr.
22,949
86,400
132,914
280,475
Ju ly 1 to Apr. 3 0 . . . .
202,257
564,376
452,819
1TD e n .& R lo G’ d e .b . Apr. 1,339,895 1,823,476
Ju ly 1 to Apr. 3 0 ____14,485,134 14,188,034 5,689,711 5,403,479
from J u ly 1 to A pr. 30.
T These figu res in clu d e $450 a p p rop ria ted fo r b etterm en ts and
addition s to p rop erties an d eq u ip m en t in A p r., 1903, a n d $5,345
from July 1 to date.
x In terest o n a d v a n ces b y S ou th ern P a olfic n ot tak en in to a cco u n t'
but figures in clu d e $11,851 a p p ro p ria ted fo r b etterm en ts an d ad d i
tions to p ro p e rtie s and eq u ip m en t in A p r., 1903, and $101,305 from
J u ly 1 to date.
S T R E E T R A IL W A Y S A N D T R A C T IO N
T h e fo llo w in g ta b le sh o w s th e
p erio d o f a l l s t r e e t
ta in w e e k l y o r
C O M P A N IE S .
gross e a r n i n g s
fo r th e la te it
r a i l w a y s f r o m w h i o h w e a r e a b le t o o b
m o n th ly r e tu r n s .
The
ta b le is t h e s a m e a s t h a t f o r t h e s t e a m
first t w o o o lu m n s o f fig u r e s g i v e t h e
a rra n g e m e n t o f th e
ro a d s— t h a t is , th e
g r o s s e a r n in g s f o r t h e
la t e s t w e e k o r m o n t h , a n d t h e l a s t t w o o o lu m n s t h e e a r n i n g s
fo r t h e o a le n d a r y e a r f r o m J a n u a r y 1 t o a n d i n o l u d i n g s u o h
la t e s t w e e k o r m o n t h .
June
T H E
13, 1903.]
1297
C H R O N IC LE
STREET RAILWAYS AND TRACTION COMPANIES.
G ross
E a r n in g s .
L a test G ross E a r n in g * .
fVeetc o r Me
A m erloa n R ’ ye. Go. U. M a y ...........
B in gham ton R R ........ M a y ...........
B u rlin g t'n (V t.)T ra o . A p r il.........
Cal. G as & E le c t r ic .. A p r ll. _
C h ica g o <fe Mil. E lec. A p r il.........
Cln. D a y ton & T o l.T r A p r il.........
Cln. N ew p . <fe C o v in g
L ig h t <&T r a c tio n ... A p r il.........
C itizens’ R y .& L igh t,
M u sca tin e............... M aroh____
C ity E leo. ( R o m e ,G a ) A p r il.........
C lev ela n d E le c t r i c ... A p r il.........
O leve. & So. W . i r.C o A p r il.........
A p r il.........
C leve. P aln sv. & E .
D art. <fc W ’ p ort S t.R y * M a y ...........
D e tro it United R y. u 1st w k j ’ ne
D u luth-S u p. T r a o t ... 1st w k j ’ ne
E a st. O h io T r a c tio n .. A p r il.........
E lg in A u ro ra & Sou. A p r il.........
G a lv eston C it y ........... F e b r u a r y .
H a rrisb u rg T ra ction A p ril
H a v a n a E lec. R y .C o . W k .J u n e 7
H ou g h to n Co. 8t. R y
(H a n cock , M ich ). A p r il_____
H o u s to n E le c . 8 t. R y A p r il..
In d lan ap . & E ast. R y. A p r il.........
In te rn a t’ l T raot. Co.
S ystem (B u ffa lo )... A p r i l.........
J a ck so n v ille E lec.C o. A p r il.........
K n o x v ille T ra o tio n .. M a rch .......
L a k e Shore E lec, Rv A p r il..........
L ak e S treet E lev ated M » y ...........
L ehigh T ra c tio n ....... A p r i l....... .
L eh igh Y al. T ra c. Co.
S treet R y . D e p ....... A p r il.........
E leotrlc L ig h t D ep A p r i l . .. ...
L e x in g to n R y ............. M a rch .......
L on d on St. R y .(C a n .) A p r il.........
M ad. (W is.) T ra ction A p r il.........
Met. W est S ide E lev. M a y ...........
Mil. E leo. R y .& L i.C o A p r i l .........
M il.L t. H e a t & T r. Co A p r il.........
M on treal S treet R y . A p r il.........
Musk. T r. <fcL igh t. Co.
8 treet R y . D e p a r t .. A p r il.........
E leotrio L ig h t D ep A p r il.........
G as D e p a r t m e n t... A p r i l . .___
N ew L o n d o n Bt. K v . M arch .......
N or. O h lo T r. & Lt. Co A p r il.........
N orth w estern E le v . M a y ...........
O akland T ran s. Cone A p r il.........
Glean St. R a ilw a y .. A p r il.........
O ran ge C o. T ra ctio n A p r il.........
O reg. W at. P o. <fe R y. A p r il.........
P h ila d elp h ia C o ......... A p r il.........
A ffilia ted C o rp o ra . A p r il.........
P o ttsv . U n ion T ra ct M a y ...........
P u e b lo & S uburban
T ra ct. & L ig h t’ g Co. A p r il.
R ys C o.G en .—R o a d s. A p r il.........
L ig h t C o ’ s ................ A p r il.........
R och ester R a ilw a y .. M a y .
R o c k fo r d B e lo it &
J a n e sv ille ................. M arch.
St. L ou is T r a n s it s . M a y ...........
S ao P a u lo (B razil)
T ram . L ’ t & P o. Co M arch.
S a v a n n a h E leot. C o. A p r i l .........
S ea ttle E le o trio C o ... A p r il.........
S ou th Side E le v a te d M a y ...........
S y ra cu se R a p .T r . R y A p i i l .........
T e rre H a u te E le c.C o A p r il..
T ol. B ow l. Gr. & So. Tr M a y ...
T oled o R y s. & L ig h t. M a v ...........
T o ro n to R a ilw a y . . . W k .J u n e 6
T w in C ity R ap . Tran. 4thw kM ay
U nion (N. B e d fo r d ). M a y ...........
U n ion T rao. o f I n d .. A p r il.........
U n ited R R ’ s o f San
F r a n c is c o ................. A p r i l. . . . . .
U n ited T ra o .— (A lb .) M arch .......
W ash in gton A le x . <£
M t. V . R y . C o ........... M a y ...........
Y o u n g s to w n -Sharon
A p r il.......
R y. & L t. C o ...........
Jan. 1 to L atest O at*.
O u rfnt P r o fii i
Y ea r.
Y ear.
O ur ren t P rem ou s
Y ea r.
Y ea r.
$
114,149
19,956
5,520
218,750
1 5 ;i6 0
39,268
*
97,694
10,809
4 ,5 3 0
1
482,684
86.054
20,112
*
407,3 41
7 3 ,8 8 2
17,393
13,057
33,391
51,194
140,651
44,7 48
120,339
92,945
85,127
3 68,249
335 ,5 7 4
18,524
6,113
21,840
7,171
3,173
3,002
12,448
12,655
190,982
739 ,7 9 2
83 5 ,4 2 8
219,582
478,149
33,536 1 21,065
117,266
52,939
14,900 1 3,31/
47 ,1 7 5
4 1 .1 2 2
12,581 10,052
44.361
1.537,767
81,991 78,051 1,696,735
9,994
2 0 6 ,3 6 2
12,723
2-17,527
15,321 12,824
50,301
45,515
117 ,4 6 7
129,396
33,295 29,642
8,862
31,072
18,492
16,28^
125,297
38,089 32.012
145.991
128,608 t 21,783 1003,085 1521,220
12,943
26,749
15,597
32,539
3,668
.............
9 9 8 ,9 1 9
295,332 2 5 0 ,85C 1,154,805
58 ,7 0 6
19,362 16,014
75,844
21,022 15,865
59,048
4 6 ,4 8 0
118 ,2 7 7
42,501: 31,562
151,591
c6 5 ,9 7 7 c6 3 ,3 1 9 c3 3 5 ,7 0 2 C 3 i8 ,2 2 7
38 ,2 0 2
9,911
9,33S
38,105
61,771 50,188
12,356 10,484
21,081 15,508
9,942
11,818
6,673
5,238
169,462 163,988
238,560 204,883
27,890 22,222
172,086 154,390
226,615
53,337
57,491
46,200
24,872
864,091
9 36,630
109,208
657,931
183 ,5 8 8
49 ,1 7 8
4 3 ,5 8 2
3 9 ,1 8 7
2 0 ,9 9 5
7 8 3 ,9 9 9
829 ,0 8 8
9 0 ,0 4 0
5 9 9 ,9 4 0
r ll,7 4 7
5,890
r 11,000
5,391
r 5 ,1 5 8
3,020
2,680
r 6 ,026
r5 .8 4 3
2,64t p 2 ,7 7 9
r6 ,6 3 7
11,239
11 ,5 4 5
3,995
4,049
190 ,5 5 8
61,656 49,425
236,753
523,104
4 8 4 ,1 9 5
103,835 97,959
34 1 ,9 0 6
2 8 5 ,1 4 0
96,797 75,873
25 ,6 5 4
4,432
6,276
23,513
25,247
23,155
7,152
6,593
4 0 ,3 7 3
17,139 10,887
00,0-71
369,567 331,043 1,791,046 1,587,663
389,854 789,466 3,497,822 3 ,0 6 8 ,5 4 0
66,342
61 ,3 3 9
16,262 15,643
39,223
22,849
1,807
101,793
i 7,8*70
1,804
88,028
151,587
80,114
7,906
4 96,334
66.231
7 ,2 5 0
31 2 ,7 0 4
110,817
........
38,866 33,780
632,147
5 4 6 ,6 1 9
160,832 142,067
65 4 ,3 9 2
5 9 7 ,6 9 4
128.470 117,897
2 2 7 ,9 8 1
2 49,315
62,612 56,008
33,327 18,402
24,778
1 08,073
6 0 1 ,0 2 /
5 2 0 ,0 5 0
105,805 94 ,4 5 6
713 ,8 4 1
841,625
41 ,1 3 6 35,157
117,136 103,508 1,568,872 1 ,3 5 4 ,7 1 s
133,594
1 1 5 ,5 8 7
32 ,1 0 9 27,118
3 08,850
2 7 5 ,6 6 2
83,311 73,57C
518,467 *345,011 1,934,402 1 ,6 3 0 ,6 0 6
376,913
344 ,9 1 9
129,136 114,974
20,399
41.766
91,130
161 .9 2 9
8 6 ,7 8 4
........
UT hese are resu lts f o r p r o p e r tie s o w n e d .
n T h ese ea rn in g s ln o lu d e th e D e tro it U n ited R y ., D e tro it <& P o r t
H u ron S hore L in e and th e S a n dw ich W in d sor <fe A m h e rstb u rg R y .
t F ig u r e s fo r 1902 c o v e r o n ly th e C lev. E ly ria A W e ste rn R y . Co.
t S panish silver.
p In clu d ed $ 4 4 3 o f m isce lla n e o u s in co m e ,
r T hese figures are fr o m M ar. 1 to A pr. 30.
* Strike in 1902 d e cre a s e d re o e ip ts a p p r o x im a te ly $ 1 0 0 ,0 0 0 .
c R esu lts f o r m ain lin e.
S tr e e t R a ilw a y
R oa d s.
B in g h a m to n R v .b ..M a y
Jan. 1 to M ay 3 i ----Oot. 1 to M ay 3 1 ----H a v a n a E leot. C o ..A p r .
Jan. 1 to A pr. 3 0 —
H o u g h to n C ou n ty St. Ry.
(H a n co ck . M ic h .). A pr.
M ar. 1 to A pr. 3 o ----H o u sto n E>eot. Co. .A p r.
M ay 1 to A pr. 3 0 ----J a ck so n v . E leo. C o .A p r .
Jan. 1 to A pr. 3 0 ----M ay 1 to A pr. 30
L ak e 8h. E le c. R y .a A p r .
Jan. 1 to A pr. 3 0 . . . .
L o n d .S t.R y . (C a n .)a A pr.
Jam 1 to A pr. 3 0 . . . .
O reg o n W a te r P o w e r &
R y . , , ........................ A pr.
Jam 1 to A pr. 3 0 . . , .
R oad s.
$
$
5 1 ,1 3 7
101 ,793
R o c h e s te r R y . —M a y . . .
88,028
2 3 9 ,7 8 8
Jan. 1 to M ay 3 1 . . .
4 9 0 ,334
5 4 6 ,8 8 8
J u ly 1 to M a y 3 1 . . . 1 ,1 4 3 ,4 4 0
3 3 ,7 8 0
10,798
S a va n n a h E lectric.A x>r.
3 8 ,8 0 6
2 0 8 ,6 6 6
4 4 8 ,7 8 7
M ay 1 to A pr. 3 0 . . .
4 9 8 ,245
4 2 ,3 3 0
142,067
1 6 0 ,832
S ea ttle E le c tr ic G o. Apr.
1 5 2 ,4 0 5
5 4 0 ,6 1 9
Jan. 1 to A pr. 3 0 . . .
632 ,147
S y ra cu se
S u burban 3 ,3 3 9
Jam 1 to Mar. 3 1 . . .
14,308
13,325
21,517
51 ,4 1 2
J u ly 1 to M ar. 3 1 . . .
5 4 ,4 5 9
9 ,1 2 7
18 ,4 0 2
T erre H au te E le c t .. A pr,
33 ,327
1 0 9 ,7 2 0
M ay 1 to A pr. 3 0 . . .
3 8 2 ,404
3 1 3 ,8 7 6
T o le d o B o w lin g G re e n
<fe S ou th ’ n T r a o t..M a y
21 ,7 73
..............
9,549
Jam 1 to M a y 3 1 ___
1 0 8 ,0 7 3
..............
3 8 ,9 4 6
a N et e a rn in g s h ere g iv e n a re a fte r d e d u c tin g ta x e s,
b N et e a r n in g s h e r e g iv e n a r e b e fo r e d e d u c t in g t a x e s .
I S panish silv e r.
In te re st C h arges and
R oad s.
H o u g h to n C o u n ty St. R y.
(H a n c jc k , M ic h .).A p r .
M ay 1 to A pr. 3 0 ----H o u sto n E ’e ot. C o ..A p r .
M a y 1 to A pr. 3 o
L o n d .S t.R y (C a n .)..A p r .
Jan. I t o A pr. 3 o ___
R o ch e ste r R y .— M ay . . .
8 a v a n n a h E le c tr ic .A p r .
M a y 1 to A pr. c 0 —
S eattle E le c t r ic C o . A pr.
Jam 1 co A pr. 3 0 —
S y ra cu se & S u b u r b a n Jam 1 to M ar. 3 1 ___
J u ly 1 to M ar. 3 1 ___
T e rre H a u te E le o t..A p r .
M ay 1 to A pr. 3 0 ___
* in c lu d e s oth e r in c o m e .
------- Net
E arnings. ------ .
Current
Previous
Year .
Year.
$
9 ,8 9 0
3 3 ,9 4 2
5 4 ,6 3 5
138,137
1128,796
$
7,691
2 5 ,8 2 9
49 ,2 3 1
4,478
5 9 ,4 9 5
1 0 ,6 6 4
129 ,4 0 1
5,970
17 ,1 2 4
3 1 ,5 6 2
1 1 8 ,2 7 7
9 ,9 4 2
3 9 ,1 8 7
6 .2 2 2
61 ,3 9 1
1 0 ,1 3 0
1 5 2 ,6 2 5
6 ,3 6 0
2 2 ,9 9 3
6 8 ,3 3 2
11,785
3 1 ,6 1 0
3 ,8 9 0
1 4 ,3 9 8
1 0 ,8 8 7
4 0 ,3 7 3
8 ,1 5 7
2 7 ,9 0 4
4 ,8 4 8
17,621
$
19 ,9 5 6
8 6 ,0 5 4
1 3 6 ,2 3 0
191,874
1331,744
$
10 ,8 0 9
7 3 ,* 8 2
1 2 2 ,1 9 1
1 5 ,5 9 7
1 8 0 ,4 3 2
3 2 ,5 3 9
3 8 5 ,3 5 6
19 ,3 6 2
7 5 ,8 4 4
2 1 6 ,9 1 3
4 2 ,5 0 2
151 ,5 9 1
11,818
4 6 ,2 0 0
1 2 ,9 4 3
138,991
2 6 ,7 4 9
3 1 1 ,9 1 2
1 6 ,0 1 4
5 8 ,7 0 6
1 7 ,1 3 9
60 ,6 7 1
$
$
2 ,9 2 9
3 2 ,5 5 0
6,831
7 6 ,3 1 5
2 ,155
8 ,510
2 5 ,5 3 4
9,783
1 1 5 ,3 0 0
2 6 ,8 4 0
9 9 ,3 1 0
P reciou s
Year.
$
39 ,9 6 6
13 ,8 6 6
1 7 9 ,6 2 4
4 5 ,1 3 7
1 5 0 ,9 3 0
3 ,6 0 9
20 ,2 9 8
d e f 3 ,6 6 5
49 ,0 6 6
S n r p la s .
Int.f Rentals , etc .—
Current
P revious
Y ear.
Year.
/—
2 ,6 0 4
2 5 ,8 8 4
6 ,2 5 0
2,336
8 ,8 9 0
24 ,7 4 9
9 ,6 3 3
2 2 ,7 9 0
9.1,165
Bat. o f Net E arn ’gs.—*
Current
Previous
Year.
Yeat\
$
9
3,293
28 ,8 4 1
3,299
7 6 ,3 1 0
1,735
5,888
*26,048
1,015
93 ,3 6 6
1 5 ,4 9 0
53 ,0 9 5
1 .8 7 4
3 3 ,0 1 1
4 ,4 1 4
3,211
3 ,5 6 9
*1 5 ,6 4 2
4.232
2 2 ,3 4 7
5 9 ,7 7 1
6,791 *d ef.3 ,8 9 7 * d e f.2 ,9 6 6
21 ,4 4 1
*1,377
* d e f.7 9 7
6,125
2,606
d e f.9 ,7 9 0
6 4 ,6 9 2
3 2 ,2 5 5 d e f.1 5 ,5 2 0
7 ,6 7 3
2 0 ,7 6 7
6,521
7 7 ,4 6 5
ANNUAL REPORTS.
Annual R eports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors’ and Street R ailw ay Supplements.
This index does aof include reports in to-day’s Chronicle .
il r o a d s . E tc,—
Pane.
R a i l r o a d s , E t c .—
P age.
Allegheny Y a lley............................. 1245 New York Chicago & St.Louis.1027,1082
American Can Co ......................... 969 Northern Securities (13^ m os.)...1028
American School Furniture........... 10?8
Nova Scotia Steel & Coal.............. 970
Associated Oil C o .......................... 1082 Pacitic Mail Steamship (Advance
Statement)...............................
Cal. Fruit Canners Ass n (balance
1190
sheet Feb. 28)................................ .1246 Pennsylvania Steel Co. o f N. J __ 917
Central & so . Amer. Telegraph— 10*8 Pere Marquette...................... 1026, 1034
Central Union Telephone................1190 Philadelphia E lectric.................... ..1141
Chicago EdlsoD ............................ lo8S San Fran. Gas & E lectric,............... 970
Chic. & North W estern....................1245 Tamarack M ining.. . ....................... 971
Colo. Spr. & Crip. Cr. Dlst. (9 mos.)124 5 United Gas Im provem ent............... 1029
Col. & block. Coal & Iron. ........... 1240 United Shoe M achinery.................. 971
Commonwealth Electric.................. 108S United States Rubber.......................1141
Consolidated Rubber Tire...............10<?8 Vulcan D ttinning............................. 1142
Contra Costa W a te r ...................... 1240 W est Jersey & seashore.................. 1140
Corn Products
.........
1088
St r e e t R a i l w a y s —
Cramp & Sons Ship & Engine Bldg.1246
Dominion Iron & Steel (8 m o s.)...ll4 0 Chicago City Railway..................... 478
Eastman Kodak (6 m onths)..........1029 Louisville Railway ......................... 477
Electric Co. o f Am erica...................1190 Macon (Ga.) Railway & L ight........ 750
General Electric Co...................917, 924 Metrop. St. Ry. o f N. Y. (report of
Gott.-Bauern Straus Brewing....... 1246
public accou n tan ts)..................... 678
Grand Trunk Ry. o f Canada—
916 Metrop W est Side El. or Chicago. 806
Hudson Co. Gas (official statem’t).1247 North Jersey street R y .................. 862
Hunt, & Broad Top Mountain RR.
Phila. Co. o f Pittsburgh........ 1082,1090
& C oal....
................................. 910 St. Louis Transit ............................. 750
International Nickel..................... 1190 Sao Paulo Tramway L. & P ow er.. 917
Lake Erie & W estern ... —
910 United R R ’s o f San Francisco...... 917
Lake Shore & Michigan S o............. 1026 United Rys. & Elec, o f Baltimore. 702
Mexican Central................... U'82, 1140
United Rys. o f St. Louis (applica
tion to list.)......
680
Mexican International......... 1189, 1198
Mexican Tel- g r a p h .......................... 670 United RKs. o f San Francisco
Michigan C entral............................. 1027
(application to list)....................... 1036
New Eng. Telepb. & Telegr........... 1141 Washington Ry. & E lectric........... 70S
C h ic a g o & W e s t e r n
8 ,5 3 0
3,547
12 ,4 6 5
In d ia n a
RR.
f R ep ort fo r the y ea r ending Dee. 31, 1902,)
The income of the Chic. & West. Indiana is derived princi
pally from the rentals paid by the companies makirig use of
the railway and terminals, its reports showing:
N e t E a r n in g s .
Gross E arnings .—
Current P r re Lous
Year.
Year.
—
ht w e n t
Year.
Ra
26,048
9,783
341,580 567,014 2,821,874 2 ,4 5 7 ,4 7 3
21,726
Gross E arnings .—
Previn us
Current
Year.
Year.
,—
1902.
$
9 6 0 ,701
28 ,821
5 0 ,7 1 8
13 ,100
1901.
$
8 7 1 .282
21,836
977
12,287
1900.
$
8 9 5 ,321
2 1 ,5 0 0
1,976
11,166
1899.
$
9 0 9 ,8 1 5
19 ,4 4 5
3,818
10 ,2 2 7
T o t a l ................ ........... ..1 ,0 5 3 ,3 4 0
Exventses—
In terest c h a r g e ................. . . 7 3 3 ,8 0 7
D ivid en d s (6 % )................. . . 3 0 0 ,0 0 0
M isce lla n e o u s....................
9 0 6 ,3 8 2
9 2 9 ,96S
9 4 3 ,3 0 5
6 1 5 ,3 7 0
3 0 0 .0 0 0
10,331
6 2 8 ,0 4 0
3 0 0 .0 0 0
10,729
6 4 0 ,0 1 0
3 0 0 ,0 0 0
9 ,2 5 4
T o t a l.............................. ..1 ,0 4 9 ,4 7 9
9 2 5 ,7 0 1
d e f .19,319
B a la n c e ...............................
BALANCE SHEET DEC. S I.
9 3 8 ,7 0 9
d e f.8 ,8 0 6
9 4 9 ,2 6 4
d e f.5 ,9 5 9
R ev en u e—
R e n ta l fr o m le s s e e s ........ ..
ao
"
h ouses & la n d
Die , int. and e x c h a n g e .. ..
M iscella n eou s ea rn in g s. ..
1002.
1001.
$
$
1902.
1601.
Liabilities—
§
$
Construction ac
S to ck ........................ 5 ,0 0 ’J ,0 0 0 6 ,0 0 0 ,0 0 0
count....................21,827,240 20,237,099 B on d s..................... 1 0 ,7 * 8 ,6 6 7 1 0 ,1 2 9 ,6 6 7
V ouch.& curaccts. 285,659
221,943
Account9«due and
unpaid....................
240,029 224,587 Sinking funds.......
4 2 ,6 6 6 4,280.576
Cast),.including for
Interest accrued.. 183,073
£1,933
coupons.................
755,560 119,S67 Coups, mat not pd.
10,095
8,506
Material ..................
145,462 110,248
Incom e acco unt...
662,540
66 8,679
A ssets—
Bills payable......
T otal................ 22,968,300 20,691,301
- V . 76, p. 1247, 435.
15,000 840,000
T otal................ 22,668,300 20,091,301
T H E
1298
W a lte r B a k e r
&
C H R O N IC LE
C o ., L i m i t e d .
( Balance Sheet o f J a n . 28, 1903. J
The balance sheet of Jan. 28, 1908, compares with that for
1902 as follows:
1903.
1902.
A»«efs—
$
Land and buildings. 575,973 519,458
Machinery................. 282,880 213,898
Cash & debts receiv. 337,815 264,318
Man.&stk.in process.1,750,774 1,774 985
T radem arks............ 200,000 80J,000
Miscellaneous.........
14,204
14,256
[VoL. LXXVl.
STATEMENT OF BU8INES8 TO DEC. 31, 1902.
T o ta l sales p o w d e r and oth er m a teria ls......................................... $ 381,186
P o w d e r on h and Deo. 3 1 ,1 9 0 2 , finished an d In p r o ce s s ........... 210,344
$591,530
. 414,117
T o ta l oost o f o p e ra tin g .
1908.
1902.
N et p ro fit.............................................................................
.$ 1 7 7 ,4 1 2
(
$
D educt—
Capital stock.............................2,750,0002,750,000
D eb ts........................................ 812,020700,350
Oash d iv id en d to Oot. 3 1 ,1 9 0 2 , on p r e fe rre d s t o o k ...
. $24 ,0 0 0
Balance profit and
S crip d ividen d to A p ril 3 0 ,1 9 0 2 , on p re ferred s to c k .
. 94 ,0 6 7
lo s s ......................................... 99,082136,555
T o ta l.....................................................................................
.$ 1 1 8 ,0 6 7
B alanoe o f u n d ivid ed p r o fit s ..............................................
. $59,346
Total.....................3,101,052 8,586,905
Total................... 8,161,652 3,683,905
B A L A N C E S H E E T DEO. 31, 1902.
The remainder of the outstanding bonds was paid off at
A ssets—
L ia b ilities—
maturity on March 1, 1903. The authorized issue of capital P a ten ts........................... $9,11 8 ,4 6 1 C om m on s to o k ......... . $9,000,000
5,327 P referred s to o k ..........
stock is 14,750,000; outstanding, $2,750,000; par value of C ash .....................
599,900
estate, bu ildin gs,
A cco u n ts p a y a b le .....
57,278
shares $100. President, H. C. Gallagher; Secretary, Jas. H. R eal
m ach in ery, e t o .........
5 8 7 ,3 1 3 B ills p a y a b le ................
204,600
Perkins; Treasurer, Herbert Dabney Office, 247 Atlantic T rea su ry s to c k ............
4,407 In terest a coru q d .........
2,217
Av., Boston.—V. 70, p. 788.
A cco u n ts r e c e iv a b le . .
17.8 73 In su rance a o o ru e d .. . .
368
W ater su p p ly system .
22,206 Cash d ividen d u np aid .
110
P ip e lines and u n d er
S crip d iv id e n d .............
84,067
B a r n e y & S m ith C a r Co.
grou n d o o n strn o t’n .
8,948 U n d ivid ed p r o fit.........
59,345
R a ilr o a d .........................
13,236
( R eport fo r the year ending March 31,1903.J
L iv e stock ,w a g on s,& o
2,776
Supplies on h a n d ........
26,894
The results for four years compare as below;
P o w d e r (as a b o v e )___
2 10,343
F iseal
Net
Other
B ad
Interest
D ivid en d B alance,
year.
p rofits.
incom e, debts, on bonds, on p r e f.
surplus.
T o t a l ......... .
.$ 1 0 ,0 1 7 ,7 8 5
T o t a l ....................... $10,0 1 7 ,7 8 5
1 9 0 2 -0 3 ----- $566,261
$ 3 ,7 5 0
$ 6 0 ,0 0 0 $ 2 0 0 ,0 0 0 $302,511
-V . 75, p . 851
1 9 01 -0 2 ____ 399,993
26
60 ,0 0 0
20 0 ,0 0 0
1 39,967
1 9 0 0 -0 1 ____ 375,066 $3,126
380
6 0,000
2 0 0 ,0 0 0
117,812
P it t s b u r g h P la t e G la s s C o m p a n y .
1 8 9 9 -0 0 .... 363,193
6,299
60 ,0 0 0
1 00,000
1 96,894
Liabilities—
( R eport fo r the year ended Dec. 31, 1902.J
A ssets—
1903.
$
1902.
$
1903.
1902.
Liabilitiest
t
Pref. stock.............. 2,500,000 2,500.000
Common stock........1,000,000 1, 000,000
First mort. bonds... 1,000,000 1 .000,000
290,100
Bills payable.......... 829,776
Savings fund........... 39,537
80,953
Bond interest........
15 000
15,000
531,550
Accounts payable.. 440,416
433,054
Profit and loss........ 735,565
President John Pitcairn says in substance:
T r a d e C o n d it io n s .—The p rofit on th e m a n u fa ctu re o f p late glass
fo r the past yea r has n o t been sa tisfa ctory , there h avin g been a deoline
in th e selling p rice o f a b o u t 25% cau sed b y the depressed con d ition
o f tb e in du stry in E u rop e and the in a d equ acy o f the tariff on sizes
under five square feet, w hioh m ade p ossible the la rgest Im portations
o f p late glass e v e r b rou gh t Into this co u n try In an y one year. T he sit
uation abroad has g iv e n our fo r e ig n co m p etitors a fa rth e r ad van tage,
red u cin g their co st fo r la b or and raw m aterial, w h ile w e h ave ad
Total assets...... 6,560,294 5,800,057
Total 1iabilities.6,500,294 5,800,657 v a n ced w ages at all o f our w ork s, and also h ave had to p ay m uoh
—V . 74, p. 1250,
h igh er prioes than in p reviou s years fo r fu el a n d m aterials. The co n
dition o f the in du stry In E u rop e, h ow ever, has b eg a n to im p rove; but,
on the oth er hand, the ou tlook fo r the in d u stry in this cou n try is dis
W i l li a m C r a m p & S o n s S h ip & E n g in e B u i ld i n g Co.
cou ra g in g , fo r the fa cto rie s recen tly b n llt in this cou n try , and th ose
n o w under con stru ction , w ill in crea se the p rod u ction so e x cessiv ely
( R eport fo r the year ending A p ril 30, 1903J
as seriou sly to affect the p ro sp e cts o f th e Industry fo r several years to
com e. O ar gen eral jo b b in g business, h ow ever, has p rov en su ccessfu l,
President Charles H, Cramp says in substance:
and this, w ith o u r oth er allied Interests, should earn a sa tisfa ctory
N e w L o a n .—T he b oa rd last m onth con clu d ed an arrangem ent w ith return on ou r cap ital stook . and in su re the stability o f our business,
Messrs. D rexel & Co. under w h ioh th at b a n k in g house u n dertook to even w hen the p late glass tra d e is u nprofitable.
org a n ize a syn d icate fo r th e purohase o f $ 5 ,0 0 0 ,0 0 0 n otes fo r th e
P u r c h a s e o f E u r o p e a n P l a n t . —In ord er to m eet th e con d ition s
fu n d in g o f th e floatin g d eb t and th e ra isin g o f a d d ition a l w ork in g created by the oheap la b o r m a rk et abroad , you r d irectors h ave had
ca p ital, such n otes to bear 5 p. c. in terest, to m ature o v e r a term of under con sid era tion fo r several years past the m an u factu re o f plate
tw en ty y e a rs and to be secured b y an issue o f $5,00 0 ,0 0 0 5 p .o . bonds.
lass abroad. T he ow n ers o f th e C ou rcelles fa cto ry began its recon
T o enable th e com p a n y to ca rry ou t th e a greem en t, th e stock h old ers g
ction , b u t oou ld n o t com m and the oapltal n ecessary to com p lete It,
w ill v o te Ju n e 25 on In creasin g the ca p ita l stock fro m $5,000,000 stru
and
y ou r b oa rd purchased th e con trol o f this fa o to ry , w hich Is being
to $6,250,000 and the m ortga g e Indebtedness from $ l,8 0 o ,0 0 0 to
$7,500,000. W ith this additional w ork in g ca p ita l y o n r oom p an y w ill rem odeled. W hen com p leted , it w ill be m odern in e v e ry resp ect, and
sh ou ld p rod u ce glass at a m inim um o f oost. The looatlon is on e o f th e
he In a p osition to purchase m aterial on th e m ost fa v o r a b le term s b
est in B elgium , h aving ooal m ines, a railroad, and a ca n a l adjoining
w ith the ability to p a y p ro m p tly fo r the sam e.
p rop erty . T he in vestm en t, in clu d in g w ork in g cap ital, when co m
B u sin e ss .—T he ou tlook fo r the yea r 1903-1904 is en oou ragin g. The the
co n tra cts n o w in p rocess, e x te n d in g in som e oases o v e r three years, pleted, w ill b e abou t $ 5 0 0 ,0 0 0 —a v e r y m u ch low er sum than w ou ld be
requ ired to bu ild a n ew fa o to r y w ith th e sam e p ro d u ctiv e ca p a city.
g iv e the com p a n y assurance o f sufficient business to keep th e e sta b T
he co n tro l o f this fa o to ry is a d va n ta geou s to y ou r oom p an y in m any
lishm ent w ork in g under fa v o ra b le con d ition s as to e co n o m ica l results
and should besides y ield a fa ir retu rn upon the m on ey in vested.
w ith resu ltin g p rofit. The fo llo w in g vessels w ere com p leted during w ays,
B e t t e r m e n t s , N e w A c q u is it io n s , E t c .—D u ring th e y ea r large
the year: S ,8 . K roon la n d and F in lan d fo r the In tern ational M ercan tile sum
s h ave been ex p e n d e d u p on betterm en ts to ou r fa cto rie s and
M arine Co.; U nited States [B attle] Ship M aine; S. S. Col. E. L. D rake
fo r the Standard O il Co.; 8. 8. H u ron fo r William P. C lyde & Co. and ch arged to e x p e n se a cco u n t. W e h a v e op en ed a job b in g honse In
th e 8. S. Mew Y o rk fo r th e In tern ational M ercan tile M arine C o .— K a n sa s City, and h ave p u rchased a co n trollin g Interest in the M idland
a ggregatin g a ton n a g e o f 70 ,1 7 4 and a horse p o w e r o f 5 9 ,7 0 0 —and are Glass <fc P ain t C o., o f Om aha. T he H. W . Joh ns P ain t M an ufactu rin g
Co. has b een p u rch a sed , and the business con solidated w ith that o f the
n o w In aotive efficient service.
The la tter co m p a n y , w hich w e co n tro l has In
T he sh ow ing of the In com e a ooou n t Is n o t fa ir to the co rp o ra tio n in - P a tton P aint Co.
as m u ch as certain profits o ou ld n o t b e b rou g h t to the cred it b a la n ce crea sed Its ca p ita l stock fro m $ 3 0 0 ,0 0 0 to $60 0 ,0 0 0 fo r th e pu rpose o f
o f this y ea r’ s op eration s bu t w ill ap p ear in the future. The p rin cip a l bu ildin g a fa cto ry a t N ew ark , N. J ., to su p p ly ou r E astern warehouses
reason fo r this, as w e ll as the sm allness o f the p rofits, has b een w ith paints. This fa c to r y is com p leted and is in operation.
O w in g to a com b in a tion o f th e p la ster m an u factu rers, w e pu rchased
becau se o f the insufficient w ork in g ca p ita l at th e com m and o f th e
m an agem en t, w h ich p rev en ted th e purohase ofjm a terla ls at the low est a gypsu m p ro p e rty in M ichigan, w hioh w ill ensure us a su p p ly o f p la s
p rices and their d eliv ery In serlatnm o rd e r requ ired fo r eco n o m ica l ter at a rea son a b le price. W e h ave ereoted a n ew w areh ou se building
practice. I t is ex p eoted th at the oash basis In fu tu re w ill oom m and fo r a t D a v en p ort, la ., an d the w a reh ou se b u ildin g In P h iladelph ia has
this com p a n y the low est p rice s and th e b est p ossib le d eliveries and b een com p leted . A co n tro llin g in terest in the vjoehrlng M an u factu r
in g Co. o f A k ro n . O hio, w h ich m a n u fa ctu res m irrors under certa in
that th is w ill reflect fa v ora b ly u p on th e fu tu re earnings.
paten ted p rooesses, has b een pu rchased.
The comparative income account for four years past was in
G r o w t h o f B u sin e ss .—T he b u ildin g up o f ou r w areh ou se system
last week’s Chronicle, page 1 2 4 6 ,_ T h e balance sheet follows: has given stren gth and sta b ility to ou r business, and w h ile th e m argin
o f p rofit is n o t la rge, the v o lu m e o f business has largely Increased, and
BALANCE SHEET APRIL 30, 1903.
th e business o f ou r co m p a n y , as a w h ole, has been p lan ted u p on a
Assets—
basis o f p erm an en ce w hioh w o u ld h ave been Im possible to establish
L iabilities.—
R ea l est., m achinery,
C apital s to o k ................ $ 4 ,8 4 8 ,0 0 0 had the business been con fin ed to the m a n u factu re o f p la te glass. Our
sales fo r the y ea r 1902 exoeed ed $ 1 6 ,0 0 0 ,0 0 0 . as against $3,638,255
cap . stook o f I. P.
B onds and m ortgages
M o r r i s Co., K en
in 1896. This In crease justifies th e in crease o f ca p ita l m ade la st y ea r
on real estate and
sington S h i p y a r d
1,998,659 and th e p o licy o f th e d irectors In aocn m n latln g a large surplus.
a ccru ed in te r e s t___
C o.,and oth er o o rp ..$ 1 2 ,5 7 7 ,8 2 2 B ills & aooou nts p a y
The profits for three years past were as follows:
Cash, hills & aooounts
a b le ............................... 4 ,361,943
1902.
1901.
1900.
re ce iv a b le ..................
1,7 1 0 ,0 7 4 S u rplu s.............................. 4 ,3 2 2 ,8 0 3
P r o fit s ...................................... $ 1 ,2 5 1 ,3 4 7
$1,508,638
$2,0 2 6 ,6 0 7
M aterials & su p plies.
528,223
D lvs. on ($150,000) p r e f ...(1 2 % ) 18,000 (12% ) 18,000 (12% ) 18,000
Claim s In lit ig a t io n ...
715,287
D iv id en d s on c o m m o n ........ (6% 721,948 (6% ) 591 ,0 0 0 (6% ) 591,000
T o t a l....................... $ 1 5,5 3 1 ,4 0 5
T o t a l ....................... $ 1 5 ,5 3 1 ,4 0 5
B a l., su rplu s fo r y e a r ...
$ 5 11,398
$894,638
$1,4 1 7 ,6 0 7
-V . 76, p. 1 2 4 6 .1 1 9 5 .
BALANCE SHEET DEC. 31.
1901.
1902.
Assefs—
1900.
I n t e r n a t io n a l S m o k e le s s P o w d e r & D y n a m it e C o m p a n y ,
$13,026,235
$ 1 3 ,6 0 2 ,8 3 2
$ 1 2,099,090
("Report f o r the yea r ending Dec. 31, 1902,J
2,433,415
2,924,848
2,537,365
594,966
7 75,535
M aterial, eto . a c c o u n ts ___
594,063
President Carl D. Bradley, under date of January 29, says Cash,
3,105,242
4 ,0 9 2 ,4 3 9
b ills and a o cts.rcce lv .
2,019,661
Real estate, plant,
tmproven]’ts. & c..3,750,000 3,720,274
Merch’diseonhand.1,585,752 1,309,658
Bills rsceivable...... 660,169
365,399
Accounts receiv
able....................... 538.869
389,777
Bonds other co ’s..................
5,000
Cash........................... 25,504
10,549
in substance:
W e began op era tion In the m on th o f A p r il. 1901, and the m on th ly
a verage fo r th e eigh t m onths fro m M ay to D ecem b er, in clu siv e, w as
28,125 pounds; the av erag e fo r th e tw e lv e m on th s o f the y e a r 1902,
48,522 pounds. In oreaeed ord ers havlDg b een receiv ed , th e oom p a n y
recen tly deoided to operate the p la n t d ay and n ig h t, and w ork on this
basis w as b eg a n on Deo. 10 last, resu ltin g In an a v era g e d a ily ou tp u t
lo r th e m on th o f D ecem ber o f o v e r 3,0 0 0 pounds. F or th e year 1903
the ou tp u t w ill ex ceed 4 ,0 JO pounds o f p o w d e r per d ay, op era tin g the
p la n t on a day and n ig h t basis. T he a d dition al d ry in g h ouses to take
care o f the inoreased ou tp u t have been v irtu a lly com pleted.
The p lan t is lo ca te d in S ayrevllle tow n sh ip , M id d lesex C ounty. N. J.
on the R aritan R iv er R R ., th e p ro p e rty con sistin g o f 182 acres o f land,
on w hioh are 74.differen t b u ildin gs, each esp e cia lly b u ilt fo r a speolflo
purpose. The w ork s are the m ost m od ern in the business. A ll o f the
p ow d er m ade has passed sa tisfa ctory tests and been aooepted.
The oompany makes the following! statements of business
and balance sheet:
L ia b ilities —
S tock , p r e fe r r e d ....................
B on d ed d e b t ...........................
B ills and aooou nts p a y a b le
B a la n ce on ooa l p ro p e r ty ..
—V. 7 6 , p. 334.
$ 2 1 ,3 9 5 ,6 5 4
$19,159,858
$17,250,179
$12,3 4 2 ,6 0 0
15 0 ,0 0 0
2 ,2 6 1 ,4 5 1
$ 9 ,8 5 0 ,0 0 0
150,000
10,000
8,019,653
6 ,641,603
6,130,205
$9,850,000
150.000
10,000
1,822,612
182.000
5,235,567
$21,3 9 5 ,6 5 4
$ 19,169,858
$ 17,260,179
S o u th e r n N ew E n g la n d T e le p h o n a Co.
( R eport fo r the year ended Dec. 31, 1902. J
President Morris F. Tyler says in p art:
W ith th e n ew yea r com es a rea d ju stm en t o f ou r flnanolal rela tion s
w ith the A m erica n B ell T elep h on e Co. The am ou n t p ayable fo r eaoh
June 13, 1903.J
THE
CHRONICLE.
1299
B r a ttle b o r o & W h ite h a ll R R .— S u it.—This com pany has
filed a bill in chancery against the New L ondon N orthern
R R . Co. and the Central V erm on t R R . Co. asking to have
the lease o f the road abrogated and a receiver appointed
because o f failure o f lessees, i. e., the N ew London & N orth
ern R R .; to operate the line properly, the road-bed, it is
olaim ed, being in extrem ely bad con dition and unsafe for
travel, and the locom otives and cars unfit for service. T he
The g row th o f the business appears fro m the fo llo w in g :
case is returnable at the Septem ber term o f Court, and the
D ee. 31—
1902.
1901. 1900. 1899. 1898. 1 8 9 7 .1 8 9 6 .1 8 9 5 .
Stations.........21,110
17,564 15,278 12,697 10,589 9,376 8,027 6.8SO application fo r a receiver w ill be heard before Judge W atson
Subscribers.. 18,057
15,132 14,127 12,019 9,990 8,820 7,519 6,384 o f the Suprem e C oart at M ontpelier June 16.
T oll stations.
613
566
529
803
438
404
359 804 The B rattleboro & W hitehall is a narrow -gange line, 38
Earnings, etc., have been as fo llo w s :
miles in length, extending from B rattleboro to South L on
donderry. It was leased in 18&0 fo r 99 years to the N. L . N.
1902.
1901.
1900.
1899.
G ross earn in gs......^919.557
$830,301
$739,393
$689,005 R R ., profits to be divided equally after interest and running
Operat., etc., expenses. 647,762
557,561
483,558
447,878 expenses were paid. It has outstanding $200,000 capital stock
Hentals, e t c ........... 46,182
49,492
45,907
42,605 and $150,000 first m ortgage 6s; floating debt, about $50,000.
In terest...................
52,869
45,702
42,029
35,012
The President is C. F . T hom pson o f B rattleboro.
B a lan oe............................$172,745
$177,545
$167,899
$163,510
B u ffa lo & W illia m s v ille E le c tr le R y.— New S tock.— The
D ivid en d s....................(6) 172,500 (6) 161,865 (6) 150,661 (6) 150,660
stockholders o f this com p an y w ere to vote on May 15 on a
$15,680
Surplus
$244
$17,238
$12,850 proposition to increase the capital stock in order to provide
fo r double-tracking, etc. W e have seen it stated that the in
BALANCE SHEET DEO. 3 1 .
crease w ou ld be fro m $75,000 to $3,500,000. an am ount so
1902.
1901.
1902.
1901.
Liabilities—
$
S
Assets —
*
i
large as to excite suspicion o f a mistake. R eplyin g, h ow
Franchise................ M7.500
117,500 Capital stock............2,990,000 2,760,000
Construction...........3,689,958 3,358,617 Surplus...................
54,032
71,714 ever, to our in qu iry, an officer o f the com pan y w rites: l,W e
Supply department.
110,223 135,724 Bonded debt........... 790,500 790,500 ca n n ot now in fo rm you as to the stock, etc., bu t as soon as
Real estate............. 262,435
188,917 Reserves................. 28,321
138,176
we are able w ill be glad to d o as y o u request.”
Stocks and bonds...
51,697 52,850 Bills and accounts
payable................. 497,231 220,127
Canadian N orth ern R y .— P roposed Governm ent G u a ra n ty.
Acco’nts receivable
00,503 83,452
Cash.........................
7,769
19,456
—R esolu tion s em bodying the p olicy o f the D om inion G overn
Total.................... 4,360,085 3,986,516
Total.................. 4,300,085 3,986,610 m ent tou ch in g the extension o f this line.have been prepared
- V . 74, p. 470.
fo r presentation to the D om inion Parliam ent at Ottawa. The
proposed new lines are (1) the extension o f the G ilbert Plains
Y ork (P a .) S ilk M a n u fa ctu rin g Co.
branch, w h ich leaves the Saskatchewan Division at Dauphin
( R eport f o r the first yea r ended A p ril 1, 1903J
(178 miles north o f W in n epeg) and is to run to E dm onton
The report, signed b y President D. F. Lafean and Secretary (192 miles north o f C a lga ry), a distance o f 620 miles, and (2)
C. H. D em pw olf, says in substance:
the extension o f the Saskatchewan D ivision to Prince A lbert
The corporation began business on A pril 1, 1902. A t that tim e there 100 miles. The “ T oron to G lo b e ” says:
Instrument as roya lty or rental has been gradually reduced b y the
Am erican Bell Telephone Co. during a period o f m ore than ten years,
but this has n ot been done by reduction o f roya lty, but b y au In
crease o f the percentage o f discou n t on the roya lty which has been
allow ed us. Now by an agreem ent betw een the A m erican Bell T e le
phone Oo. and Its licensees the paym ent o f these royalties is com m uted
to a paym en t o f a tlxed percentage upon the com p a n y’s gross earn
ings. This percentage Is suoh that our paym ents to the B ell Com pany
w ill be som ew hat less than they have been.
w ere Installed a total o f 340 loom s. A b ou t one-half w ere In aotlve
operation. D uring the vear 300 n ew loom s w ere added to the equips
m ent; an average o f 362 loom s w as in operation during the year.
The num ber now installed and In operation at the present w riting Is
628.
The net earnings fo r the year am ounted to $128,028; preferred
stock dividends paid $35,348; bond Interest, $16,263, leaving a net
surplus A p ril 1, 1903. o f $7 6,417.
The com pany has outstanding: Preferred stook (7 p. o. cum ulative),
$675,700; com m on stook. $802,900; bonds (authorized Issue $500,000), $349,000. The policy has been to build up the corporation to
the highest possible effiolenoy and to make It the la rgest silk orga niza
tion in the United States, both financially and In ability to produce
the largest am ount o f m erchandise at the low est price. T o carry out
this plan w e p rop ose to inorease our oapltal stock to $2,500,000 pre
ferred stock and the same am ount o f com m on stook. This new Issue
o f stock will be plaoed In the treasury and be Issued from tim e to
time, at the discretion o f the board o f directors, to purchase addi
tiona l m aohlnery and to furnish w ork in g capital.
The prinoipal and Interest o f the first m ortgage bonds, debentures,
or other securities o f the com pa n y 'will be guaranteed to the ex te n t o f
$13,000 per mile, w ith interest at the rate o f 3 per cen t per annum ,
pa ya ble half-yearly, and the principal to be payable in fifty years.
Such bonds, debentures or other securities are to be secured b y a first
m ortgage upon the lines so aided, w ith this p roviso, that from the end
o f the Gilbert Plains branch to the w esterly boundary o f M anitoba, a
distance o f 65 miles, the m ortgage is to be a first charge to the exten t
of on ly $10,000 per mile, and is to rank after the charges h eretofore
created. The m ortgage Is also to rank n ex t after a first charge o f
$13,000 per m ile on the same p a rt o f the P rince A lb ert Branch.
It Is also stipulated that the m ortgage Is to form a oharge n e xt after
the oharges existing upon all the lines and branoh lines o f railw ay o f
the com pa n y n ow in operation.
The bill forbids the sale or the lease o f the road to the
Canadian P acific or the m aking o f p oolin g agreem ents w ith
that com p a n y.— V . 76, p. 1247, 1083.
C en tra l P e n n sy lv a n ia T r a c tio n Co.— Successor Com
The increase o f the capital stock as proposed above has
been approved by vote o f 98 per cen t o f the com pany’s out p a n y .— This com pany was incorporated in Pennsylvania w ith
standing shares. The com pan y was incorporated A u g . 20, $2,100,000 capital stock to lease the H arrisburg T raction C om
1900, under the law s o f Pennsylvania, and acquired the en pany and subsidiary lines per plan in V . 76, p.1191, 972, 542.
tire capital stock o f the D iam ond, Carlisle, Pennsylvania and
C h ica go B u r lin g to n & Q u incy R R .— Time E xten d ed .—
Y ork silk com panies. The bonds are gold 6 per cents, dated The tim e fo r depositing the 7 per cent m ortgage bonds due
Jan. 1, 1902, and due Jan. 1, 1922, but su b ject to call on any July 1 fo r extension at 4 per cent has been extended u ntil
interest period (Jan. 1 and July 1) at 105 in am ounts not less and in clu d in g June 25, 1903. The holders o f a large m ajority
than the am ount ($25,0C0) payable yearly to the sinking fu n d ; in am ount o f the bonds have agreed to the extension. See
denom ination, $500 and $1,000. K n ickerbock er Trust Co., advertisem ent on another page and V . 76, p. 1083,— V . 76,
m ortgage trustee. Par value o f shares $100.
p. 1142.
C hicago C on solid a ted T r a c tio n Co.— S tatu s.— The petition
o f the receivers o f the U nion T raction C o. fo r perm ission to
GENERAL IN V ESTM EN T N EW S.
pay the interest due J a n e 1, w h ich was gran ted M ay 80,
gives, a ccord in g to the “ C hicago E con om ist,” the follow in g
R A IL R O A D S , INCLUDING! S T R E E T R O A D S.
A n th ra cite C oal R oa d s.— In v estig a tion .— The in vestiga in form ation :
O f the $15,000,000 stock o f the Consolidated C om pany, the U nion
tion o f the Inter-State C om m erce Com m ission into W . It. Com
pany has acquired all ex ce p t $46,650, o f w hich $31,150 has n ever
H earst’s com plain t that the six anthracite roads have co m been Issued. The earnings have been sufficient to pay all expenses
bined to violate the Inter sta te C om m erce la w has been in and the Interest on the underlying bonds, but n ot sufficient to pay the
progress during the w eek, and the N ew Y o rk daily papers Interest on the a ^ s guaranteed b y the U nion T raotion Co., “ n early
all” o f whloh has h eretofore been borrow ed from the U nion Com pany
have given m uch space to the testim onv taken.
or elsewhere. The paym ent o f the June 1 coupon , lc Is stipu
Yesterday Ju dge L a co m b e in the U nited States C ircu it lated, shall not constitute a precedent or be taken as acknow ledlng
C ourt dismissed the application o f the Inter-State C om m erce the guaranty, the v a lid ity o f whloh Is being contested in the W orm ser
Com m ission for an order to com pel the anthracite roads to suit.
The trust agreement provides: “ In event that the U nion
produce various con tracts and answer certain questions
bearing on the relations o f the com panies to one another, on C om pany shall pay at any tim e or cause to be paid any
the grou nd that these had n oth in g to do w ith reasonable am ount in perform an ce o f its guaranty o f said bonds, said
U nion Com pany shall not be entitled to have or receive re
rates.
Wages — Judge G ray has appointed P ro f. Charles P. Neill paym ent from the Consolidated Com pany o f any such am ount
o f W ash in gton to com pute the increase o f m iners’ wages except out o f the net earnings o f the C onsolidated C om pany.”
under the sliding scale as provided by the award o f the — V. 76, p. 1191.
A nthracite Strike Com m ission (see V. 78, p. 703).-—V . 76, p.
C h icago & E astern I l lin o is R R .— New D irectors.—A t the
1247, 1039.
annual m eeting on June 3, Daniel G . R eid, W illia m B, Leeds,
A tch ison T op ek a & S an ta Fe R y .— A p p lica tion to L ist.— W illia m H. M oore, J. H obart M oore and James Cam pbell
The N ew Y ork Stock E xchange has been requested to list w ere elected directors, in place o f E. C. Henderson, A. R .
$5,645,000 Eastern Oklahom a D ivision bonds o f 1928.—V . 76, F low er, HeDry Seibert, Jam es C am pbell and R. M, H oe.— Y .
76, p. 1247, 1084,
p. 1083, 751.
C h ica go U n ion T r a c tio n Co.—See C hicago C onsolidated
B lu e Grass C on solid a ted T r a c tio n Co.— C onstruction, E tc.
— The construction o f this road began on A p ril 1. The line T raction C o. a b ove.— Y . 76, p. 1247, 1191.
is p rojected to run from L exington, K y ., to V ersailles and
C levelan d & S ou th w estern T ra c tio n Co.— Bonds Ofiered.—
F ran k fort, to W in ch ester and Mt. Sterling, to N icholasville, The Iron C ity T rust Co, o f P ittsburgh, P a., is offerin g for
to R ich m on d , to Paris and to G eorgetow n. The intention sale $500,000 first and consolidated m ortgage 5 p. c. bonds,
is also to furnish electric light to these cities and to m anu dated Feb. 1, 1903. The earniDgs o f the Cleveland E iyria &
facture artificial ice. O f the $7,000,000 capital stock $35,000 W estern R y . Co. and the N orw alk Gas & E lectric Co. fo r the
is outstanding; par value o f shares, $100. A bond issue o f calendar year 1902, it is stated, w ere: gross receipts, $342,973;
$7,000,000 has been authorized. G eorge B D avis is President net earnings, $147,811; present fixed charges, $114 690; bal
and H arold Beatty is Secretary, both o f D etroit.— Y . 76, p. ance, surplus (not in cluding the W ooster division 42 m iles),
704.
$38,211.—V . 76, p. 598, 265.
1300
THE CHRONICLE.
C olom b ia (S . C.) E le c tr ic S treet R a ilw a y , L ig h t & P o w e r
Co.— New B onds.— O f the 1,000,000 5 p. c. gold bonds secured
b y the consolidated m irtgage to the Slater Trust Co. o f
P rovid en ce, as trustee, $200,000 are now issued for the
purchase o f the G as-light C om pany’s plant and fo r the retir
in g o f all its outstanding bonds. Further amounts o f the new
5s are being issued in exchange, dollar for dollar, for the e x
isting $500,000 bonds due in 1930 o f the Street R ailw ay L igh t
& P ow er Com pany. A n y o f these p rior bonds not so retired
w ill be provided fo r by the reservation o f a like am ount o f
the new issue and w ill be paid at m aturity. See V . 76, p. 1248.
C oney Isla n d & B r o o k ly n R R .— R efunding O ption —
N otice to bondholders and Stockholders.— U nder provision o f
the m ortgage securing the issue o f $3,000,000 4 p. c. gold
bonds, dated M arch 17, 1898. $700,000 o f said bonds are re
served for the redem ption o f $300,0C0 first m ortgage 5 p. c.
bonds m aturing Ju ly 1, 1903, and $400,000 certificates o f in
debtedness bearing interest at the rate o f 5 p. c. per annum ,
also m aturing July 1,1903. President Joh n L. H eins an
nounces by advertisem ent on another page that holders o f
said 5 per cent m ortgage bonds and the certificates o f in
debtedness are offered the option o f exch anging them fo r the
first consol. 4 p. c. g old bonds at par, dollar fo r dollar, if pre
sented to the M ercantile T rust C o., 120 B roadw ay, N ew Y o rk ,
on or before Ju ly 1, 1903.
I f there are any consolidated 4 p. c. bonds rem aining after
this option is exeroised, then the stookholders o f this c o m
pany are offered the opportunity to subscribe fo r said con
solidated 4 p. c. bonds rem aining, at par and interest. The
bonds are to be allotted a ccordin g to the date o f application
and shares held by the subscribing stockh olders.—V . 72, p. 183.
D a n v ille (111 ) S treet R a ilw a y & L ig h t Co.— B onds,— See
D an ville U rbana & Cham paign R y. b elow .— V. 76, p. 1142.
D a n v ille U rb a n a & C ham paign (E le c t r ic ) R y.— Stocks
P led ged.—The m ortgage recently made to the N orthern
T rust C o., as trustee, to secure $2,009,000 bonds dated Mar.
1, 1908, contains the covenant o f the railw ay com pan y to
deliver to the trustee forth w ith , as part security fo r the
bonds, the entire capital stocks o f both the U rbana & C ham
paign R y ., Gas & E lectric Co. and the D anville Street Ry,
& L ig h t C o., aggregating $500,000 and $700,000, respectively,
— V . 76, p. 1142.
D ela w a re St H udson Co.— R esign ation .— Second V icePresident and G eneral M anager H orace C. Y o u n g , w h o has
been con nected w ith the com pany fo r 34 years, has resigned,
his resignation to take effect on J u ly 1.— V . 76, p. 1084, 1029.
D en ver C ity T ra m w a y Co . —G uaranteed B ond s.— See Den
ver T ram w ay P ow er Co. b e lo w .—V . 74, p. 1195.
D en ver T ram w ay P o w e r Co.— O fferin g.—A m ortga g e
has been m ade to the International T rust Co. o f D enver, as
trustee, to secure $1,500,000 o f $1,000 ‘ 'first im provem ent
m ortgage 5 per cen t gold bonds,” principal and interest
guaranteed by the D enver City T ram w ay Co. The trustee
is offerin g $580,000 o f the issue at par and interest. A cirou ■
lar says:
[VOL. LXXVI.
Detroit & Toledo Shore Liue R R . —M ortgage Filed.—The
com pany has filed its new m ortgage with the M ercantile
Trust Co. o f N ew Y o rk , as trustee, to secure the $3,000,000 o f
bonds w h ich are guaranteed by the Grand Trunk W estern
R y. and the T oledo St. L ouis & W estern R y. com panies.
The bonds are gold 4 per cents, $1,000 each, dated Jan. 1,
1903. and due Jan. 1, 1953; interest payable Jan. 1 and July 1.
O f the authorized issue, $1,000,000 is reserved fo r additional
property, etc. See V . 76, p. 653.
^ E ast S h o re T e rm in a l Co.— Sale Ordered.—The United
States C ourt at Charleston, S. C., has ordered the sale o f
the property on Ju ly 14 ; upset p rice, $50,000; C om m ercial
W h a rf & Cotton Press C om pany, $20,000 additional. See
page 51 o f I nvestors’ Supplement .— V. 69, p. 1800.
E astern T r u n k L in e s.— Chicago S trike E nd ed .— A ll the
roads have fo llo w e d the exam ple o f the Labe Shore and
entered in to a on e-year agreem ent w ith the C hicago freight
handlers, giv in g the latter a 4-p.-c. advance in w ages.— V.
76, p. 1248.
F in d la y F o r t W ayn e & W estern R R .— Sale—The fore
closure sale is advertised fo r J u ly 6 at Ottawa, O hio; upset
price, $250,000 — V. 76, p. 972,
Galveston Harrisburg & San Antonio.—E quipm ent
B onds.—The Galveston H arrisburg & San A ntonio R R . has
purchased new equipm ent in consideration o f $1,640,000 of
$1,000 equipm ent bonds: 43 engines, 7 passenger cars, 4 dining
cars, 10 chair cars, '627 b o x cars, 500 flat cars, 200 gondola
cars and 100 ballast cars. The equipm ent bonds carry 6 per
cent and m ature $82,000 sem i-annually, beginning A p ril 1,
1903.—Y . 76, p. 810, 542.
In d ia n a U n ion T r a c tio n Co.— In corp ora ted —Proposed
Lease.—This com pany was incorporated in Indiana on June
9 w ith $5,000,000 capital stock, a fee o f $5,000 bein g paid
to the State. Both the shareholders and the directors are
identified w ith the Union T raction Co. o f Indiana, and a
proposition has been made to lease that com p a n y’s system ,
guaranteeing, it is said, dividends on its stock and the inter
est on its bonds. The “ Indianapolis N ew s” says:
The com pany -will operate the street railw a y lines In all the cities o f
the tils riot from Logan sport on the w est and N ew castle on the south
to the eastern and northern State lines, ex cep t In K okom o, w here the
local com pa n y remains In con trol o f Its lines, and L ogan sport, w here
the road conn ectin g F ort Wayne and Lafayette orosses the Union
Traction Com pany’ s lines.
The directors o f the new con cern are:
H orace Stillw ell and E C. Carpenter, o f Anderson, and T. R. Leeson,
E. A. Tnrpln, C. W. M aguire. H. F. G uthrie and A. W. Brady, o f I n
dianapolis. Mr. Stillw ell Is President and A. W. B rady Secretary.
Mr. Stillw ell is a right-hand man o f President M cC ulloch
o f the U nion T raction Co.
In te r n r b a n S treet R R ., New Y o r k .— Transfer L itigation .
— Judge W orcester o f the M u nicipal C ourt on A p ril 2 last
handed dow n a decision in fa v or o f Paul Blum e, aw arding
him $220, bein g $50 penalty in fou r cases o f refusal to issue
transfers, v iz ., at 125th St. and 8th A v e ., 23d St. and B road
w ay and 23d St. and 3d A v e ,, and $20 costs. W h en the case
cam e up on appeal before the A ppellate D ivision, on June 2,
the com pany conceded th e rights o f the plaintiff and c o n
sented to a dismissal o f the appeal. On June 8 Justice
O’ G orm au, in the Suprem e C ourt, denied the application of
E dw ard B. W h itn ey fo r a w rit o f m andam us to com pel the
com pany to issue transfers at 125th St. and 8th A v e ., holding
that since there is a penalty fixed by statute fo r failure to
give transfers, the extraordinary rem edy o f a m andamus
should n ot be allow ed. This latter case w ill com e np on ap
peal b efore the A ppellate D ivision on June 19.— V. 75, p. 1202.
Jersey C en tra l T r a c tio n Co. — B onds Offered. — M orris
Bros. & Christensen, Philadelphia, are offering at par and
interest $168,000 first m ortgage 5 p. c. bonds, part o f a total
authorized issue o f $750,000; denom ination, $1,000 and $500;
dated N ov, 1, 1901, due N ov. 1, 1931; interest payable M ay 1
and N ov. 1 in Philadelphia; trustee, Colonial T rust C o.,
Philadelphia. A circu lar says in part:
The bonds are dated A p ril 1 ,1 9 0 3 , due in 2 0 yea rs, redeem able after
live years on any interest day, at 105 and interest. In terest payable
sem i-yearly in D enver or New Y ork. Present issue fo r n ew building,
m achinery and im provem ents, $580,000; reserved fo r outstanding
bonds, $420,000; reserved to be Issued at par on ly, fo r future im
p rovem ents at actual cost th ereof, $500,000; total authorized issue,
$1,500,000. Each bon d carries the follow in g indorsem ent: " I n c o n
sideration o f the D enver Tram w ay P ow er Co. having leased all Its
pla nt and prop erty to the Denver City Tram w ay Co., said the D enver
City Tram w ay Co. hereby guarantees the paym ent o f all the prin cip al
and Interest o f the w ithin bon d as part paym ent fo r the rent o f said
pla nt and property, in accorda n ce w ith the con d ition s o f said lease.
The D enver City T ram w ay Co., b y Wm. G. Evans, President. [Seal.]
A ttest: Cbas. F. Fury, Assistant Secretary.”
The P ow er Co. furnishes all the p ow er for the D enver City T ra m
w ay Co. under a 20-year lease, under w hich the T ram w ay C om pany
operates and m aintains the plant, pays all taxes, guarantees both
prinolpal and interest o f these bonds, and agrees to make the required
paym ents to the sinking fund. The P ow er Com pany obliga tes itself
to retire all its present outstanding bonds w hea they becom e option a l
on Ju ly 1, 1906, unless sooner redeemed. A sinking fund o f $50,000
The lines of the com p a n y w ill have a total m ileage o f 29 m iles, viz.:
per year is provided fo r the redem ption o f bonds o f the new issue,
beginning A pril 1 ,1 9 0 8 . This is also under the guaranty of the South A m boy, N. J., through K eyport and Belford to Red Bank. N. J.,
19 miles, now nnder con struction ; K eyp ort through M atawan to
T ram w ay Com pany.
“ The total capacity o f the plant w hen additions are made Freneau. N. J., 7 miles, already In operation, and B elford to Atlantio
H ighlands, about 3 m iles, to he constructed as soon as the mala line
w ill am ount to 7,000 kilow atts, having an overload p a pacity from South A m b oy to Red Bank Is oom pleted. The com p a n y’s lines
o f 10,500 kilow atts. P art o f this additional pow er w ill be oon n ect w ith a steam er line fo r N ew Y ork at Atlantio Highlands. The
alternating current, capable o f drivin g suburban lines w ithin com pany w ill also exten d Its lines from South A m boy to Perth Am boy
a bridge built b y M iddlesex County across the Raritan River, thus
a radius of 40 m iles from Denver. The bu ildin g w ill be o f over
m aking them the con n ectin g link betw een the lines o f the North
brick , steel and con crete, and w ill be fireproof throughout. Jersey T raction Co., the M iddlesex & Som erset Traction Co. and the
T h e Btation w ill be o f the latest type and equipped th rou gh Raritan Traotion Co. on the north, which lines run through Jersey
ou t w ith labor-saving devices,” The capital stock is $500,- City. Newark, Elizabeth. R ahw ay, New Burnswiok, eto., and on the
south w ith the M onm outh County E lectric R ailw ay, over whloh lines
000 in $100-shares; it is not ow ned by the D enver C ity T ram L ong Branch, A sbu ry Park. Ocean G rove and m any other cities are
w ay Co. The President is W m . G. E vans; Secretary and reaehed. A very im portant source o f incom e w ill be the carrying o f
fruits and vegetables from R ed Bank to K eyp ort fo r shipm ent by
Treasurer, G eorge E. R oss-L ew in.
steamer to N ew York.
D e t r o it & F lin t (E le c t r ic ) R y.— G u a ra n ty .—T he guaranty
The road is being oonstruoted In the m ost substantial m anner w ith
endorsed by the first consolidated m ortgage 5 p. c. bonds due 60-pound T rails and 70-pon nd girder rails through the villages; bal
last, gravel. N early all o f the line is being constructed on private
A u g . 1921, is as follow s:
rights o f w ay ow ned In fee sim ple b y the com panv, w ith the exoeptlon
In consideration o l ttie conveyance made to it of the property covered by o f the stretches through the tow ns on the lines. The railroad w ill be
the mortaage referred to in the within bond, the Detroit United Ry. hereby
guarantees and assumes the punctual payment of the principaland interest of equipped w ith six 45-foot double truok fou r m otor cars; fou r 36-foot
the within bond at the times and in the manner specided therein, and in the double tru ck fou r-m otor oars; fou r single tru ck oars.
said mortgage, and covenants to pay the said principal and interest as the
In addition the com pany ow ns and has deposited w ith the trustee as
same shall become due in accordance with the provisions of said bond and additional security for these bonds, 465 shares (out o f a total o f 500
said mortgage. lu witness whereof, the said Detroit United Ry. has caused shares) o f the oaDltal stook o f the M iddlesex & M onm onth E leotrlo
Us name to be hereunto subscribed by its Vice-President and its corporate seal Light, H eat & P ow er Co.; also the total issue o f $100,000 first m ort
affixed and attested by its Assistant Secretary.
gage bonds of s a il M iddlesex <6 M onm onth Eleotrlo Light, H eat and
Attest:
DETROIT UNITED RAILWAY.
Pow er Co., w hich serves South A m boy, K e y p o rt and Matawan, com
------- --------, Assistant Secretary.
b y --------------- .Vice-President.
W arren , A ndrew s & C o., 15 W a ll Street, recently offered a bined popu lation abont 13,000 people. The oom pany is ereotlng an
en
tirely new and m odern pow er plant at K eyp ort. whloh w ill a c c o m
b lo ck o f these bonds at 102 and interest.— V. 75, p. 549,
m odate both the traotion oom pany and the eleotrlo light plant. The
D e tr o it P o n tla s L ap eer & N o rth e rn (E le c t r ic ) R y .— eleotrlo ligh t plant alone earned last year about $16,000, and its earn
ings are increasing at the rate o f 25 p. o. per annum. The strictly
This com pany, w h ich was referred to last week (p, 1228), loca
l population in the tow ns served b y these trolley lines is at least
w as also m entioned in V . 73, p, 956.
42,000, and the raral population p rob a b ly 18,000 m ore.
JCXE 13, 1803.]
THE CHRONICLE
1301
L o u i s v i l l e (K y .) H j.—H olding C o m p a n y —A t a m eeting
of the directors on .lon e 5 the financial plan subm itttd by
M ajor A lexander H. D avis o f L oudon (w h o is credited w ith
ow n ing $1,050,000 of the com m on and $650,000 o f the pre
ferred stock ) was du ly approved b y an “ overw h elm in g m a
jo rity ” o f the total shares, so that it w ill not, it is said, need
to be voted on by the shareholders at large. The plan p ro
vides fo r the form ation o f a holding com pany under the laws
o f N ew Jersey, w ith a total capital stock o f $14,500,000 ($2,500,000 being p referred ), to take over the stock o f the L ou is
ville Ry. Co. T w o shares ($200) o f the new com m on stock
w ill be given fo r one share ($ 100) o f the old com m on stock
($3,500,000), the holder to have the privilege o f payin g $55
per $ 100-share fo r as m any m ore shares o f the new issue as
he already possesses o f the old. A share o f the new p re
ferred stock, entitled to 5 per cent cum ulative dividends but
non-voting, w ill be given for one share o f the old preferred
stock ($2,500,000), and w ith it 20 per cent bonus o f com m on.
The d irectors issued the follow in g statement:
M isson ri P aclH c R y .— E quipm ent Certificates O ffered.—
Knhn, L oeb & Co. are offering on a
p e basis, the unsold
portion o f the M issouri Paoific E quipm ent A ssociation's 5 p.
c. certificates of $ 1,000 each, or m utiples thereof, guaranteed,
principal and interest, by the M issouri P acific R y. C o., bein g
series C o f $2,820,000, o f w hich 10 p. c ., or $282,000, manures
June 1 annually from 1904 to 1913, inclusive
It Is suggested that a corporation he form ed under the law s o f New
Jersey or other State. The purpose o f the oorDOratlon Is to acqalre
the w hole or a great bulk o f the preferred and com m on stook o f the
Lou isville R y. Co. This corporation should have a oapltal sufficient
fo r this purpose and also to leave In the treasury a considerable
am ount o f stook for fu tu re use.
The com m on stook o f this com pa n y should be $12,000,000. There Is
now outstanding $2,500,000 o f the preferred stook o f the L ou isville
Ry. Oo. The am ount o f the com m on stock Is $1,500,000. This oomm on stook should be aoquired by issuing the stook o f the holding (New
Jersey) corp oration at the p rice o f $200 per share
In order to acquire the preferred stock, it. Is proposed to m ake an
Issue o f preferred stock in the holding oom pany o f $2,500,000. 5 per
cent cum ulative dividends, but w ith ou t any right to ob ject to any
lnorease or disposition o f any iu cre a s e o f com m on stock, and w ithout
pow er to vote thereon, and redeem able, at the option o f the oom pany,
at the price o f $130 per share, and having priority In liquidation or
final distribution o f assets. This Issue o f stook la to be ottered to the
preferred stockholders o f the old oom pany In exohange at par, and In
addition there should be given to eaoh preferred shareholder In the old
oom pany 20 per cent o f his holdings In the eim m on stook o f the new
oom pany.
The am ount needed fo r Im provem ents in the n ex t tw o years is esti
m ated to he ab ou t $3,000,000, and In order to raise this m oney it Is
proposed to offer to the oom m on stockholders In the new oom
pany shares o f the com m on stock sufliolent, from time to time, to
raise the funds needed tor both preeent and future use. F or this pur
pose, and in consideration o f the exch an ge o f the old com m on stook
fo r that of the new , the old stockh olders shall he entitled to purchase
$3,500,000 o f the com m on stock o f the new com pa ny, at the price o f
$65 per share, to he paid for at such tim es as m ay be determ ined b y
the board o f directors. The proceeds of the sale o f such stock are to
be loaned by the holding oom pany to the Louisville R a ilw ay Co., w ho
shall Issue their obligations, w ith Interest th erefor at the rate of 4 ^
per cen t per annum.
N a tion a l R R . o l M e x ic o .— D eposits.— The tim e fo r the d e
posit o f com m on stock in accordance w ith the Speyer c ir c u
lar expired on June 10. The am ount o f the deposits was over
90 per cent o f the entire issue o f com m on shares. F arth er
deposits w ill be accepted up to June 25, inclusive.
G overnm ent P u rch a se.—The com pany’s capital stock con
sists o f $33,350,000 com m on and $30,000,000 preferred. The
am ount purchased from the Speyers was $25,365,500, a cco rd
ing to an “ official announcem ent” made by the M exican G o v
ernm ent and reported in a special dispatch to the “ N ew
Y ork T im es,” as fo llo w s:
O f the $12,000,000 new com m on stock, $7,000,000 therefore
is exchangeable fo r the old com m on stock, a fa rth er am ount
o f $3,500,030 is to be issued at 55 to the holders o f the old
com m on stock to raise $1,925,000 cash fo r im provem ents, etc.,
and $500,000 com m on, along with all the new preferred, is to
g o to the old preferred shareholders. This w ill leave $1,000,030 o f the new com m on stock in the treasury after ex
change o f all the old shares. It is said that at least $3,000,000 w ill be Eeeded by the L ouisville R ailw ay Co. fo r its d e
sired im provem ents. ' Only the rou tin e details o f the plan
remain to be com pleted, hut som e weeks w ill elapse before
the new certificates can be issued.—V . 76, p. 654, 542,
M ark et St. E levated P a ssen g er R y . ( P l i i l a .) —Consolida
tion .— This com pan y, w ith $5,600,000 o f authorized capital
stock, has been form ed by consolidation and m erger o f the
follow in g com panies w h ich ow ned franchises granted in
Jane, 1901 (see “ P hiladelphia St. R ailw ays,” V . 72, p. 1188):
M arket Street E levated Passenger R y. Co., G erm antow n A ven u e
E levated Passenger Ry. Co., Passyunk Avenue E leva ted Passenger
Ry. Co., Ridge A venue E leva ted Passenger Ry. Oo., F ran kford E le
vated Passenger Ry. Co. and Broad 8treet Subway Ry. Co.
D irectors : John M. M ack, G eo. D. W iden er, John B, P a r
sons, M ichael M urphy, J. J . S ullivan. T he Philadelphia
R apid Transit Co. is in con trol (see that com pany b e lo w ),—
V . 74, p. 884.
Metropolitan Securities C o —H a lf P a id .— The com m ittee
on unlisted securities o f the N ew Y ork Stook E xchan ge has
adm itted the stock o f the com pany, 50 per cen t paid, to q u o
tation in the unlisted departm ent. T he qu otin g o f subscrip
tion receipts, 25 per cent paid, has been discontinued.—V . 76,
p. 1085, 1030.
Meyersdale & Salisbury Street Ry., Pennsylvania.—
M ortgage, E tc .—This com p an y.w hich is building an 8% m ile
line extending fro m M eyersdale to Salisbury, P a,, has o u t
standing $250,000 stock, and has arranged to make a m o rt
gage to the T itle & T rust Co. o f W estern Pennsylvania,
Connellsville, P a., to secure $250,000 bonds. These bonds
w ill be dated July 15, 1903, w ill be 5 p. c. gold, and w ill m a
ture July 15, 1938,w ith ou t option o f earlier redem ption. The
com pany w ill be taken over by a larger corporation, w hich
w e are in form ed w ill guarantee the bonds and provide a
sinking fu n d fo r them . The President o f the com pany is
O. W . K ennedy o f P ittsburgh, General M anager o f the
H. C. F rick Coke Co. O f the bond issue, $50,000 is reserved
for the purchase o f three lightin g plants. E xtensions o f the
trolley line to F rostbu rg and Cum berland, M d., are p ro
posed.
Missouri Kansas & T exas Ry.—L isted.— The N ew Y ork
Stock E xchange has listed $282,000 additional first m ortgage
4 per cent bonds o f 1990, m aking the total am ount listed to
date $40,000,000. The balance sheet as o f M arch 31,1903,
shows current assets o f $5,116,713 and current liabilities,
$2,311,743.
See Texas & Oklahom a R R . b elow .— V . 76, p. 1249, 1192.
rfh e M issouri Paollio Equipm ent Association was farm ed in the in
terest o f the Missouri Pacific Hallway Oo. to facilitate the pnrohase o f
rolling stock. The A ssociation purchases the equipm ent and leases
the same to the R ailw ay Com pany for a snm sufficient to p a y an
nually all Interest,, taxes, expenses and 10 p o. o f the co st o f the
equipm ent. The A ssociation sells Its certificates to the value o f the
equipm ent purchased, repayable In gold, an l bearing 5 p. o Interest,
payable quarterly. Ten p. o. o f the certificates m ature in eaoh year.
The equipm ent rem ains pledged with the M ercantile Trust C o ., as
trustee, until all the equipm ent certificates have been paid, alter
w hich the title passes to the ratlwav oom pany. The certificates oarry
tha follow in g endorsem en t: “ For value reoelved, the Missouri P acific
R ailw ay Co. hereby guarantees to the holder of the within certificate
the paym ent o f the principal thereof and the laterest th ereoa as the
same matures and tails due.” —V. 76, p. 599, 594.
The G overnm ent has arranged w ith bankers o f N ew Y ork fo r the
purohase o f 253,655 shares o f the National R.R. Co. o f M exioo, a faot
w hioh, taken In con n ection w ith the m ode o f organization o f the com
pany and that the bankers alluded to oblige them selves to p ro cu re
the resignation o f fou r o f the directors o f the com pa n y non-resident In
M exioo, who w ill he replaced b y persons designated b y the M exican
G overnm ent, w ill g ive the latter an unquestioned con trol ov e r the
line in question, w hile at the same tim e the G overnm ent w ill con tin u e
to exercise con trol over the In teroceanio R ailw ay, or, In other w ords,
ov er a system o f railroads exten din g from the G a lf o f M exioo to the
northern frontier o f the R epubllo.
Purchase.— The Salamanca & Jaral R y ., 22 m iles in length,
has been purchased by the N ational R R . Co. o f M ex ico,— V .
76, p. 1192, 761.
New L o n d o n N orth ern R y .—S u it.—See B rattleboro &
W h iteh all R R .—V . 68, p. 427.
New Y ork New H aven & H a r tfo r d R R .— B onds D u e,—
O f the $2,000,000 first m ortgage bonds due June 1st, 1903,
$1,544,000 has been paid, and $456,000, the rem ainder, has n ot
been turned in as yet.
Convertible D ebentures.—O l the $16,397,200 outstanding,
$16,211,900 have been con verted in to stock, leaving $185,300
unconverted.
New Stock.—The new stock issue o f 10 per cen t has p ra c
tically all been subscribed for, and abou t 56 per cen t o f the
w hole am ount has been paid for in fu ll.— V. 76, p, 973, 865.
New Y ork & Queens C ounty R y .— F oreclosu re o f U nder
lying M o r tg a g e — The A ppellate D ivision o f the Suprem e
Court on June 5 affirmed the ju d g m en t o f foreclosu re o b
tained recently b y the L on g Island L oan & Trust Co. as
trustee under a m ortgage made b y the L on g Island C ity &
N ew tow n R R , Co. in 1885 bn the C alvary C em etery line.
The ju d gm en t is against the com pany, the N. Y . & Queens
County R R . and the M ercantile Trust C o., as trustee, u nder
a m ortgage m ade b y the N ew Y ork & Qaeens C ounty in
1896. The last-named com pany appealed to the A ppellate
Division from a ju d gm en t at Special T erm confirm ing the
report o f Ernest H all, as referee, w ho fou n d ju d g m en t fo r
the plaintiff on the grou nd that the sum o f $31,251 was due
on coupons o f the $100,000 m ortgage made in 1885.— V . 76,
p. 654.
N o r fo lk & W estern R y .— B on d s.— The N ew Y o rk S tock
E xchan ge has been requested to list $8,000,000 additional
first con solidated m ortgage 4 p. c. bonds o f 1996, m aking
total $36,210,500.— V. 76, p. 480.
Northern Securities Co.— L itig a tio n .— A rgum ents were
begun at St. Paul on June 5 b efore U nited States C ircu it
Judge L ochren in the case o f the State o f M innesota against
this com pany and the roads whose c o n tro l was acqu ired by
it.— V . 76, p. 1249, 1028.
Norwich (Conn.) Street Ry.—New Stock.— The com pany
has filed a certificate o f increase o f capital stock from $250,000 to $350,000 to p rovide fo r additions,— V. 72, p. 481..
Philadelphia Rapid Transit Co.— C onsolidation.—Six o f
the paper com panies organized in 1901 have been consolidated
under the title o f the M arket Street E levated Passenger R y.
C o., w h ich see below . The ordinance perm itting this m erger
relieves the R apid Transit Com pany o f the obligation to begin
work on all o f the elevated roads w ithin tw o years after the
approval o f the original grants, but requires the com p letion
o f the several lines in a certain order w ithin periods ranging
respectively fro m tw o to ten years. It also requires the co m
pany to furnish a bond for $250,000 to ensure the p erform an ce
o f its agreement.
E xten sion s.— The fo llo w in g n ew com panies have been
incorporated b y representatives o f the Philadelphia R apid
T ransit Co. to build 119 m iles o f street railw ay in P hilad el
phia. (See routes in “ Philadelphia L ed ger” o f June 10) v iz .:
Stock.
G len w ood Rapid T ran sit Street R y .........................$270,000
M oyam ensing & Southw ark R a p id T ra n sit8 t Ry.
282,000
Parkside R apid Transit Co..........................................
42,000
Bustleton & B yberry R apid Transit 8t. R y ........... 120,000
L in e .
4.5 m iles.
47 “
7 “
20 “
1302
THE CHRONICLE.
The in corp orators o f the fo n r com panies are:
C. P. W eaver, special agent o f the Philadelphia R a pid T ransit C o.;
Joh n B. Peddle is Assistant Secretary and Treasurer, and M essrs.
H allm a, B eck er and M acM illan are olerks in the em p loy o f the corp or
ation —V. 76, p. 1144, 820.
P itts b u rg h V ir g in ia & C harleston R y .— Offer to Purchase.
— The Pennsylvania R R . Co., w hioh ow ns $3,382,050 o f the
$3,772,400 stock as w ell as all the first m ortgage bonds,
has offered 2% shares ($112 50) o f its ow n stock fo r each
share ($50) o f the m in ority interest, w h ich shall be depos
ited w ith the Treasurer o f the Pennsylvania on or before
Ju ly 15. A circu lar states that large expenditures are neces
sary, w h ioh cannot be m et ou t o f current receipts, and that
the road m ust therefore be made an integral part o f the
Pennsylvania system . The P ennsylvania has already ad
vanced the com pany $4,000,000 fo r im provem ents.
S t. L ou is & San F ra n c is c o R R .— L isted .— The New Y ork
S tock E xchange recen tly listed $3,523,000 additional refu n d
in g 4 p. c. bonds, m aking the total listed $48,186,000 ; also
$1,692,200 additional com m on stock, m aking the total listed
$29,000,000.— V . 76, p. 1249, 1144.
[V o l . LXXVi.
Union Traction Co. of Indiana, (Anderson, Etc.)—
E xchan ge.— This com pany, w h ich was form ed in Indiana a
w eek or tw o ago by consolidation o f the old U nion T raction
Co. o f Indiana and the Indianapolis N orthern Traction Co,,
is issuing its $8,500,000 stock on the basis o f seventeen shares
fo r ten o f the old U n ion shares, the increase representing the
dividend o f 70 per cen t in com m on stock on accou nt o f the
Indianapolis Northern stock ($3,500,000) owned and exchanged
as already announced (V . 76, p. 1194.) O f the new stock
$1,000,000 is preferred 5 p. c. cu m u lative, dividends payable
sem i-annually, A pril 1 and Oct. 1, being, in fact, o f the same
character as the $ 1,000,000 preferred shares o f the original
U nion T raction Co, o f Indiana fo r w h ich it is exchanged,
with the same rights and privileges.
Officers.— On June 9 the fo llo w in g were announced :
D ire cto rs: G eorge F. M cCulloch (President), In d ia n a p olis; Philip
M atter (Vice-President), M a rlon ; J. A . Van O sdol (Secretary), A n der
s o n ; W. C. Sampson (Treasurer), M unoie. and W. K Sohoepf o f Cin
cinnati and Randall M organ and J. L everin g Jones o f Philadelphia.
Proposed L ease.—The shareholders w ill m eet June 30 for
the purpose o f ra tifyin g a lease o f the property to the new
Indiana U n ion T raction C o., w h ich see above.— V . 76,
St. L ou is T ra n s it Co.— Ronds G uaranteed.—T he $20,000,- p. 1194, 753.
United Power & Transportation Co.—See W ilk esbarre &
000 bonds recently authorized b y this com p a n y’s sh are
holders for refu n din g and im provem ents w ill be guaranteed W y o m in g V a lley T raction Co. b e lo w .—V . 76. p. 1088, 706,
by the U nited R ailw ays Co. o f St. Louis, w h ich see below .
United Railways of St. Louis — B on d s.— The shareholders
— V. 76, p, 1086, 750.
on June 9 voted (only 90 shares dissenting) to guarantee the
Sau A nton io & Aransas P ass R y .— Ordered to R educe $20,000,000 5 per cent 20 year “ R efu nding and Im provem ent”
C apitalization.—The Texas State R ailroad Com m ission has g old bonds o f the St. L ouis Transit Co. These bonds p ro
ordered the com pany to cancel $1,700,000 o f bonds w h ich are vide fo r refu n din g that com p a n y’s existing collateral trust
alleged to have been issued illegally (fro m the $18,900,000 notes ($5,776,000) for paym ent o f its floating debt, and fo r
ou tstan d in g), also to reduce the capital stock fro m $5,000,000 necessary im provem ents and additions on the property o f the
to $ 1 , 000,000, and to take the road entirely ou t o f the hands U nited R ailw ays Co. for som e years to com e.
The com pany states that the proceeds o f a portion o f the
o f the Southern P acific C o., w hich ow ns all the share capital.
It is cu rren tly reported that the com pany w ill accede to the $ 20, 000,000 bonds w ill be applied as fo llo w s :
demands o f the Com m ission, but no decision, w e are inform ed, D u rin g 1903—P aym ent o f directors’ loan and other in
debtedness o f the com p a n y ...................................................$2,995,423 80
has been reached on the su bject, at least as regards the
Im provem ents, betterm ents, etc., on the prop erty of
cancellation o f bonds. —V . 76, p. 1086, 973.
theUnited Rys. Co. o f St. Louis (ap proxim a te)............ 2,222,600 00
San B ern ardin o V alley T raction Co.— C onsolidation.—
This California corporation, ow n in g 13% m iles of track, has
absorbed by consolidation the Redlands Street R y ., 8%
m iles, and the San Bernardino & H ighland E lectric R y .,
6% miles, m aking the total system 29 miles. The authorized
capital stock is $1,500,000, in $100 shares. D irectors:
D u rin g 1904 and 1905—C ollateral trust notes due N ov.
1, 1904........................................................................................... 5,776,000 00
Im provem en ts, betterm ents, etc , on the prop erty of
theU nited Rys. o f St. Louis (ap proxim a te)................... 2,280,000 00
D u rin g yea r 1906 and thereafter—To be applicable fo r
additions, acquisitions, betterm ents and im provem ents
u pon the p rop erty o f the U nited Rys. Co., under care
fu l restriction s................................................ ........................... R em ainder.
H en ry Fisher, John H. Fisher, Frederick O. H orn b y, O. W. A. Oartledge, A. O. Denman, Redlands; G eorge B. Ellis, L os Angeles; H.H.Sinclalr, Pasadena; E. D. R oberts, G eorge M. C ooley, San Bernardino.
The bonds, w hich are to be guaranteed as to principal and
interest by endorsement, are dated A p ril 1, 1903, and are due
on A pril 1, 1923, but are su b ject to call for paym ent, at com
S eaboard A ir L in e R y .— M ortgage.— The Seaboard A ir pany’s option, on or after A pril 1, 1915, at par and interest.
L in e and the B irm ingham A ir Line railw ay com panies have M ortgage trustee, M ercantile Trust C o., St. L ouis.—V . 76, p.
filed a m ortgage to the K n ick erb ock er T rust Co. o f N ew 980, 974.
Y ork and F rederick L . E ldridge, as trustee, to secure $10,U rban a & C ham paign Railway, Gas & Electric Co.—
000. 000 o f 4 per cen t first m ortgage 30-year bonds, due H ay 1,
1933, to be issued by the Seaboard on its n ew line from A t Guaranteed Bonds.—See D anville Urbana & Cham paign R y.
lanta to B irm ingham , 174 miles, The A tlanta & B irm ing ab ove.— V. 76, p 1144.
W a sh in gton S ou th ern Ry .—Increase o f Stock.— The c o m
ham R R . Co. was form ed recently by consolidation o f the
East & W est R R . o f A labam a and the C hattahoochee T erm i pany has amended its charter, increasing the authorized issue
o f capital stock from $2,500,000 to $4,000,000.—V . 60, p. 1148.
nal R y .—V . 76, p 973, 920.
S ou th ern P a c ific Co.— E quipm ent B ond s.—See Galveston
W ilk e sb a rre & W yom in g T a lle y T ra c tio n Co.—A m o r t
H arrisburg & San A n ton io and Texas & N ew Orleans rail gage has been m ade to the R eal Estate Title Insurance
roads.—V . 76, p. 1086, 973.
<fc Trust Co. o f Philadelphia, as trustee, to secure $250,S te r lin g D ix o n & E astern E le c tr ic R y.— M ortgage.— T h i 3 000 o f 5 p. c. $1,000 g old bonds, dated Dec. 15, 1902, and due
com pany recently filed a m ortgage in fa v or o f John H. Van Dec. 15, 1922, but su bject to call in w hole or in part (if
D yk e Jr., o f M ilw aukee, W is ,, as trustee, to secure $1,000,- draw n) on or after Dec. 15, 1912, at 105 and interest. These
000 o f 20 year bonds. The com pany was in corporated in bonds are all outstanding. The proceeds, it is understood ,
Illinois in A ugu st, 1902, w ith $300,000 authorized stock, to are being used fo r im provem ents and additions.—V . 69, p.29.
bu ild from Sterling to D ixon, 111. D irectors:
H en ry C. H iggins, Neenah, W is.; J. T. Springfield, R ochester, N. H.;
W ard S. A rn old, C hicago, and E. O’Neal, Omaha, Neb.
IN D U S T R IA L . GAS A N D M ISCELLANEOUS.
S yracuse (N . Y .) & S u b u rb a n R R .—New M ortg a g o.— The
A
labam
a C oal Ir o n & C o lon iza tion Co.—Coupon and
N ew Y ork State R ailroad Com m ission recently authorized
the m aking o f a first consolidated m ortgage fo r $550,000. O f Dividend P a y m en ts— An English paper says:
The report shows that out o f the bondholders’ sinking fu n d, six
this am ount $400,000 w ill be reserved to retire at or b efore
coupons. Nos. 34 to 39, Inclusive, upon all the instalm ent certificates,
m aturity a like am ount o f first m ortgage bonds due in 1921, have been declared payable, leaving a balance o f £7 ,965 to be carried
and the rem ainder, it is stated, w ill be applied to the c o n forw ard to the present year. A dividend at the rate o f 6 per oent per
annum on the " A ” shares o f the com pany fo r the half-year ended D e
struction o f a line from Janesville to Syracuse.
cem ber 31, 1901, and an Interim dividend at the same rate fo r the
Texas & New Orleans R R .—E quipm ent B onds.— The half-year ended June 30, 1902, w ere paid out o f the share sinking
T exas & N ew Orleans R R . Co. has purchased new equ ip fund, leaving at the end o f 1»U2 a balance o f £2 7,69 6 standing to the
credit of that fund. D uring the year 1902 3,o08 acres w ere sold, re
m ent in consideration o f $1,360,000 o f $1,000 equipm ent ducing the total acreage held by the E nglish com pany on Deo. 31,
bonds: T w o sw itch engines, three passenger engines, 573 box 1902, to about 14,000.
cars, 500 flat cars and 450 oil tank cars. The bonds carry 6
A m erica n B ic y c le C o.—Instalm ent Called.— The under
per cen t and m ature $68,003 sem i-annually, beginning A pril w riters o f the new securities have been culled upon fo r a pay
1, 1903.—V . 76, p. 481.
m ent on June 15 o f 15 per cent o f their subscription, m aking
T exas & Oklahoma R R .—A cq u isition .— A press dispatch the total called to date 65 per cen t.—V . 76, p. 812, 544.
announces the transfer to this com p an y o f the Denison &
A m erican H ard w are C o rp o ra tio n .—Subsidiary C om pany.
W ashita V alley R R , in consideration o f the taking up o f — A t the present time, the tw o constituent concerns form in g
$1,000,000 outstanding bonds o f the latter com p a n y .—V , 75, the A m erican H ardw are C orporation (P. & F. Corbin and
p. 734, 130.
R ussell & E rw in M fg. Co.) are both m anufacturers o f screws.
T exa s & P a cific R y .— C ar Trusts. —This com pany has filed T o concentrate that business, the Corbin Screw C orporation
in Texas contracts fo r the purchase o f equipm ent am ounting has been organized with $400,000 com m on stock—no preferred
stock, no bonded indebtedness—nor anything else that w ill
to $218,725.— V. 76, p. 706, 650.
T op ek a (K a n .) R y.—New F ra n ch ise.— The com p a n y has interest the general public, as the stock is all ow ned bv the
The Russell & Erwin
obtained and accepted a n ew franchise running fo r thirty A m erican H ardw are Corporation.
years from June 4, 1903.
U nder its term s the com pany M fg. Co. has bought the Bristol Motor Car Com pany outfit
agrees to expend $400,000 w ith in three years “ in the rebu ild and w ill organize a new com pany w ith $ 200,000 capital, to
ing, re-arranging, extending and re-equipping o f its system ,” build au tom obiles.—V. 74, p. 579.
A m erican & M exica n S m eltin g & R e fin in g C o.—In c o r
a bond fo r $ 20,000 being filed to insure this expenditure.
U pon the expiration o f the fran ch ise the city has the right p ora ted .—This com pany filed articles o f in corporation at
to acquire the property on certain conditions. See ordinance W ashington, D. C., on June 9, the authorized capital stock
being $30,000,000. The incorporators are O. 8 . Lee, N. C.
in fu ll in “ Topeka Daily Capital” o f June 6.—V . 76, p. 866.
June 13, 1903.]
THE CHRONICLE
Clark and E dw in C hristy. A large refinery, it is said, w ill
be constructed either at Baltim ore or at som e point in the
South.
A m erica n W ireless T e le g ra p h Co.— See International
W ireless Telegraph Co. b e lo w .— V. 76, p. 867.
1303
term s as the m ajority. The plan provides for sutllolent funds to pay
the debts o f the Com pressed A1rCo.; to im prove the R om e L ocom otive
& Maohlne Com pany’s workB. leaving a cash balanoe, thus placing the
oom pany on a sound and prosperous footing. It will also provide new
fie lu s o f operation with the piin olp al railw ay and traction com panies
In the United States and Canada. Representing som e o f the principal
stockholders and being stockholders ourselves, w e have been re
quested to ask stockholders of the Com pressed A ir Co. to oon fer w ith
us at on ce before the form al proposition Is made.
A p p ert C lass C o.— O ffered.— H enry A . C rosby o f this city
recently offered at par and interest, w ith a bonus o f 50 p .c. in
The Central R ea lly Bond & Trust Co. w ill issue the p lan ,
com m on stock , a b lock o f the 8 p. c. cu m u lative preferred w h ich is not yet ready. See V . 76, p. 1145, 269.
stock , preferred as to assets and dividends ; total issue, $357,C onsolid ated W ireless T e le g ra p h & T e le p h o n e C o.— See
900 ou t o f $400,000 au th orized. T he com m on sto ck is $1,400,000; par value o f shares $100; no bonds. A oircu la r says : International W ireless Telegraph Co.
The A p p ert G lass Co. (nam ed after the distinguished French E n gi
C on tin en ta l I r o n Co., W h ea tla n d . P a .—So Id.— 'This prop
neer w hose p rocesses and patents It pu rch ased and uses) ow n s a large erty was sold on June 9 to D, L . W ilson o f the F ort P itt
and com pletely equ ipp ed p la n t at P ort A llegh an y, Pa., adapted to the
m anufacture o f wir«,;or|flre-proof, glass, sky-ligh tglass, m achine-m ade National Bank and the F ourth National Bank o f P ittsburgh ,
battery and ohem loal jars o f various cap a cities, 4 to l o o gallons. Its as creditors, the price paid being $45,500, or about $15,000 less
fa otory Is rented fo r a term o f years at a fixed rental o f $2 5,00 0 (less than the appraised valu e,— V . 76, p. 544.
Insurance and ta xes.) to the M ississippi G lass Co., o f 8t. Louis. M o.
The A ppert Glass Co. also d eriv es an Inoom e from the dividends
received on the stock o f the M ississippi W ire-Glass Co. held in its
treasury, whloh dividen ds alone n early sulfioe to m eet the 8 p .c .
dividend upon the A p p ert preferred stoek. The M ississippi Wire-Glass
Co., whloh acqu ired the wire-glasB patents and business o f the A pp ert
Glass Co. (V. 72, p 72 5), w as a con solid a tion In 1901 o f an the
w ire-glass m anu factu rers in the cou n try. The en tire business o f the
m anufacture and sale o f w ire-glass (w hloh Is being gen era lly used In
m od ern buildings, as a p e rfeot fire p ro o f p rotection ,) was con trolled
b y It. The A ppert Glass Co. retained Its jar and pipe business, w hich
Is thoroughly established and lu cra tive. The com p a n y Is w ith ou t
bonded or floating debt.
C ontra Costa W a ter Co.— New Bonds, E tc .— T he m ortgage
recently made to the U nion Trust Co. o f San F ran cisco, as
trustee, secures $1,000,000 o f 5 p. c. $1,000 gold bonds, dated
May 5, 1903, and due Jan. 1, 1915.
The interest is p ay
able Jan. 1 and Ju ly 1; the entire issue is outstanding. O f
the com pany’s $6,000,000 capital stock there is n ow ou tstan d
ing $5,702,600. The President is W illiam J. Dingee. C om pare
Y . 76, p. 1246, 1087.
D e tro it C ity Gas Co.—See W y a n d otte L igh t & F uel Co.
T he M ississippi W ire Glass C o. (see V . 76, p. 869) is a dis b elow .— V . 74, p. 1254.
tin ct corp oration from the Mississippi Glass Co.
D e tro it S u b u rb a n Gas C o.— Sold.— The $300,000 stock o f
B ay C ity-M ich igan S u ga r Co .— F u rth er F a cts.—'This c o n this com pany has been sold b y John P. C ow in g o f Cleveland,
solidated com pany has outstanding the fu ll am ount o f its acting fo r himBelf and as trustee fo r the A m m on estate, for
$1,000,000 capital stock, all o f one class, par value $10. It a sum stated as $115,000. to the Bankers’ S eou rity & In vest
has also outstanding $50,000 5 p, c. bonds secured by a m o rt m ent C o., Cleveland. The Gas Com pany was organized in
gage to the Union Trust Co. o f D etroit, as trustee. The o r ig 1901 to do business in Delray, W ood m ere and Springw ells.
inal issue was $800,000, but o f this $350,000 bonds have been A m ortgage has been m ade to the D im e Savings & B anking
paid and destroyed.
The $50,000 still ou t includes $11,000 Co. o f C leveland, as trustee, to secure $250,000 bonds o f
w h ich are due in Ju ly and w ill be paid at m aturity, and $39,- $1,000 each, o f w h ich $_150,000 outstanding. P ar value o f
000 held b y stockholders as collateral. The plant in cludes shares, $50. President, W m . G re if ; Secretary and T reas
tw o sugar factories, 75 acres o f land, outbuildings, etc. T he urer, M. A . Lander. Office, D elray, M ich.
A m erican Sugar R efining Co. is understood to be in control.
(T h e ) E astern S teel Co.— S tatu s.— 'This Pennsylvania
V . 76, p. 1194.
corporation has succeeded the Eastern Steel C o., w h ich pu r
B a y S tate Gas Co. o f D e la w a re .— A tta ch m en t.— 'Thomas chased the plant o f the P ottsv ille Iron & Steel C o., and c o n
W . L aw son has attached the com pan y in an action o f co n tracted fo r the erection o f fou r open-hearth steel fu rn aces,
tract fo r $1,850,000. The w rit was served in B oston on June that w ill, it is said, h ave a ca p a city o f 125,000 tons yearly.
10 on Sherman L . W h ipple, attorney fo r the co m p a n y .— V . The new com pany has increased its capital sto ck to $5,700,000, v iz .: first preferred 7 p. c. cum ulative, $3,000,000; secon d
76, p. 1194, 1145.
preferred 7 p . c ., cum ulative, $200,000; com m on stock , $3,500,C ataw ba P o w e r Co.— New S tock.— The capital stock has 000, The m ortgage m ade b y the form er Eastern Steel Co. to
been increased from $650,000 to $750,000 fo r com p letion o f secure an issue o f $1,000,000 six p. c. 20-year bonds has been
the electric-pow er plant.— V . 73, p. 724.
canceled along w ith the bonds them selves, bu t w hether
C h artered C om pany o f L o w e r C a lifo r n ia .—S tatus.— This new bonds are to be created in their stead is not divulged.
com pany was in corp orated in Maine on O ct. 13, 1902, w ith N egotiations w ere closed last F ebruary w ith the S ch u y l
A nthracite Coal Co. fo r the purchase o f coa l land
authorized capital stock o f $10,000,000, all o f w h ich is issued kill
T he n ew m ill, it
and fu ll-paid. In addition the com pany is issuing $4,000,000 a d join in g the steel com p a n y ’s w orks.
o f “ thirty-year 2)^ p. c. debenture bonds, entitled to equal is said, w ill be in fu ll operation du rin g the co m in g sum
participation w ith the stock in net profits declared as d iv i mer. N egotiations fo r the con trol o f the T id ew ater Steel
dend above the 2% p .c ., and guaranteed as to prin cipal and C o., the Susquehanna Iron C o., the W a rw io k Iron C o., and
interest by a strong bank.” It has also authorized, but has oth er com panies, w ere som e weeks since reported pending.
not issued, $2,000,000 first m ortga g e 25-year g o ld 6s. P ar The directors and officers a r e :
value o f shares $100,
statem ents:
A prospectus contains the fo llo w in g
The p rop erty consists o f 4,201,175 acres o f m ineral and agricu ltu ral
lands looated In L ow er California (M exioo). and exten d in g alon g the
Paolfio Coast a dlstanoe o f 450 m iles, over 16 m iles In width, from the
29th parallel south to a poin t below the 24th parallel. C ontracts are
In process o f arrangem ent w ith several subsidiary com panies looking
to the developm en t o f a portion o f the resonroes o f the p roperty. The
com panies w hich are ready for organization, w ith oapltal stock o f
$1,000,000 each, in clude the M exican Subsidiary Farm o., M exican
Subsidiary Salt Co., M agdellna Subsidiary Cem ent Co,, M exican Sub
sidiary Fibre Co., M exioan Subsidiary G old Placers Co. If floated, as
expeoted, these com panies w ill p a y to the parent oom pany a large
am ount o f cash and $600,000 eaoh of their oapital stock.
The officials are W . F. L akin, President; N. E llsw orth Reed,
V ice-P res and Gen. M gr,; H erbert F . D oble. Treas.; L ew is
E. R eed, Sec’y .; Silas A . B arton, A sst.-G en. Mgr. Office 92
State Street, Boston.
C h icago E d ison Co.— New S tock .— The shareholders voted
on June 8 to increase the authorized issue o f capital stock
from $10,000,000 to $15,000,000. None o f the new stock , it is
thought, w ill be put out b efore another year, as there are
tw o quarterly instalm ents still to be paid on the $2,276,210
issue authorized at the beginning o f the year. (C om pare V .
75, p. 1304).—V . 76, p, 1083.
C h icago & N orth -W est G ra n a ries Co.— Called B on d s.—
T w enty-three debentures have been draw n and w ill be paid
at 110 on Ju ly 1.— V. 67, p. 1306.
C levelan d U n ion S tock Y a rd s Co.— C on solid a tion .—The
property o f the Farm ers’ & D rovers’ Stock Y a rd Co. was
form ally taken over on June 3. The C leveland U nion Stock
Y ards Co, recen tly increased its capital stock from $300,000
to $750,000, O f the new stock $325,000, has been or w ill be
issned in the absorption o f the Farm ers’ & D rovers’ Com pany
and the rem aining $125,000 w ill be used fo r im provem ents.
P ar value o f shares $100. N o bonds or m ortgage. John F.
W b ite la w is President; Secretary, E. M u rphy; Treasurer,
A llen W altz, C leveland.— V. 76, p. 707.
C om pressed A ir C o.— New P la n .—J. F. Pierson Jr. & C o.,
N o. 11 W all St., make the fo llo w in g a n n ou n cem en t:
A praotioal proposition has been m ade to acquire a m ajority o f the
stock o f the oom pany upon condition that the m inority stockholders
be allow ed the privilege o f participating In the plan u pon the same
D irectors: Jam es A . Burden J r.. Charles G. W etm ore, W illiam G.
Parke, G eorge W. Y ou n g. A roh lba ld W hite. G eorge Sheldon o f N ew
Y ork City; W illiam H. Shelm erdine, W illiam . 8. P illin g, T h eron I.
Crane and W. H. G ibbons of P h ila d elp h ia ; J. P. Jefferson , W a rren,
Pa.; R obert Jennings, J ersey City, N. J.
Offloers: W. H . D onovan , President: P. R. F oley , Treasu rer, and W.
J. Bassett, Secretary.
The execu tive offices are in the A rcade B u ild in g, P h ila
delphia. and branch offices at 3 East 38d Street, N ew Y o rk
C ity .—Y . 75, p. 983.
E d iso n E le c tr ic Illu m in a t in g Co. o f B o sto n .—New Stock.
—The com pan y has asked the M assachusetts C om m ission fo r
authority to issue 20,000 shares o f new stock at 200 to
provide $1,771,000 fo r extensions and additions and $2,229,000
fo r the purchase o f suburban properties as fo llo w s:
M ilton L is h t & Pow . Co.. $71,000
Electric Eunneis o f
Dedham Elect. C o .............. 135,000 Chelsea Gas Lt. C o............$287,000
Bine H ill Elect. C o..........
76,000 N ew ton & W a t e r t o w n
N atick Gas & E lect. C o .. 188,000
GaB C o .............................. 412,000
Fram ingham E le ct.......... 134,000 G reendale C. & E lect. Lt.
W oburn L t.. Ht. & P. Co. 269,000
Co. o f N eedham ............................... 30,000
Som erville Eleot. Lt. C o.. 627,000
A ll the stock o f the several suburban electric com panies, w ith the
excep tion ',of 35 shares o f the W oburn and 8 shares o f the 8om erville
oom pany, is n ow ow ned b y the Edison Co. interests. The oom pan y
has options on the electrio business o f the N ew ton & W atertow n
and the Chelsea oom panles.
T he gas departm ent o f the Chelsea plant was sold to the
M assachusetts Gas Com panies.—V . 76, p. 1251, 1088.
E le c tr ic S to ra g e B a tte ry C o.—L isted .— The N ew Y ork
Stock E xchan ge has listed the com pany’s $15,795,700 co m
mon stock. Financial statements w ill be fou n d in next
w eek’s C h r o n i c l e .— V. 76, p, 921, 868,
E lg in N a tio n a l W a tch Co.— Change in P a r Value.— A.
change in the par value o f the shares from $1,000 to $100 has
been authorized, and w ill g o in to effect on A u g. 20, the total
stock rem aining at $5,000,000, bu t the num ber o f shares being
increased.—V . 76, p. 1251, 544.
E q n ita b le Gas L ig h t Co. (S a n F r a n c is c o . ) —Option E x
tended.—The option on a con trollin g interest in the capital
stock o f this com pany at $5 00 per $25 share, w h ich expired
on May 25, has been extended, it is announced, fo r 90 days
in consideration o f a sum said to am ount to nearly $90,000.
The “ San F rancisco N ew s B u re a u ” says :
1304
THE
CHRONICLE
[V ol . LXXVI
John Martin, President of the California Gas & Electric Corporation,
this morning denied absolutely that he had obtained an option on the
Equitable Gas Li. kc Co. The option is reported to be In the name of
F. G. Drum, who is well known as the cashier for the Tevis Estate and
represents* lve of J. B. Haegin. Mr. Martin eaid that it was entirely
foreign to the policy of his company to enter San Francisco. Their
electric lines do not cross the bay, and they do not hold the rights to
the Lowe Crude Oil Water Gas system in 8an Francisco.
The renewal of the option on the Equitable plant means that the
large interests involved still have hopes of coming to terms with the
larger lighting companies
The recent action of the Power Transit A
Light Company in authorizing a bond issue of $2,500,000 is signifi
cant in view of'the deoision to secure the Equitable Company at all
hazards.
A. Light official says that he considers this payment on the Equit
able as practically a eecond payment on the purchaee instead of as an
option - V . 76, p. 975, 755.
F o r e K i r e r S h i p & E n g i n e C o .— Contract.— T h is c o m p a n y
has b een a w a r d e d th e c o n tr a c t fo r th e c o n s tr u c tio n o f o n e o f
t h e G o v e r n m e n t ’s n e w 1 6 ,0 0 3 -tc n b a t t le s h ip s .
T h e c o n tr a c t
p r ic e is $ 4 ,1 6 5 000. T h e ‘ ‘I r o n A g e ” m e n t i o n s o t h e r r e c e n t
c o n t r a c t s a s f o llo w s :
A 4,000-ton iron side wheel steamer now building for the Fall River
line, to be a duplicate of the "Puritan;” a fast freighter for the same
line, S.OOO tons displacement; four steel car floats, 320x46 feet, for
the N. Y. N. H. & EE. RR. Co.; a 5,000-ton six-masted iron sohooner for
the Crowley Company, the vessel being mach like the monster sevenmaster "Thomas M. Lawson,” which is doing a thriving business, hav
ing already earned 30 per cent on its cost. The protected cruiser
“ Des Moines” will be ready for her trial trip very soon, and the battle
ships "Rhode Island” and “ New Jersey” are 40 per cent completed.—
V. 76, p. 268, 105.
G e n e r a C o a l & C o k e C o .— Bonds. — T h is c o m p a n y , w h i c h
h a s o u t s t a n d in g $ 4 5 0 ,0 0 0 c a p i t a l s t o c k a n d w h i c h o w n s 293
a c r e s o f c o a l la n d s in N i c h o l s o n T o w n s h ip , F a y e t t e C o u n t y ,
P e n n ., o n t h e l i n e o f t h e P e n n s y l v a n i a a n d t h e P i t t s b u r g h &
L a k e E r ie r a ilr o a d s , r e c e n t l y s o ld t o t h e C i t i z e n s ’ T i t l e &
T r n s t C o ., o f U n i o n t o w n , P e n n ., $ 2 2 0 ,0 0 0 o f 6 p .c , 1 st m o r t g a g e
b o n d s . T h e s e b o n d s a r e d a t e d A p r il 1, 1908 a n d m a t u r e in 10
a n n u a l i n s t a l l m e n t s o f $ 2 2 ,0 0 0 e a c h , b e g in n in g A p r il 1, 1904;
d e n o m in a t io n $ 1 ,0 0 0 , g o ld ; i n t e r e s t p a y a b le a n n u a l l y o n A p r il
1. T n e t r u s t c o m p a n y h a s b e e n p la c in g t h e b o n d s a t p r ic e s
b a s e d o n 105 f o r t h e s e r ie s d u e A p r il 1 , 1912.
T h e c o k e c o m p a n y is d e s c r ib e d a s a n e w c o r p o r a t io n w i t h
a m p le b a c k in g a n d g o o d p r o s p e c t s . E x p e r t s r e p o r t:
The property consists of 293 acres of the nine foot or Pittsburgh
vein of coking coal (self draining and of good quality), located in
Nicholson Township, Fayette Co , Pa., and in connection therewith
150 acres of surface land fronting about a mile on the Honongahela
River. One hundred ooke ovens are in course of construction, and
the mining equipment should be completed about Aug. 1,1903. This
property has Pennsylvania RR. and Pittsburgh <fc Lake Erie con
nections. It will prodnoe about 8,000 tons of ooke to the acre of ooal
and support 200 ooke ovens 20 years. It is the Intention to make this
a 200-oven plant, producing 400 tons of ooke per day.
I n d e p e n d e n t T e l e p h o n e C o .. N e w Y o r k .— Writ.— T h is
c o m p a n y , w h ic h w a s in c o r p o r a t e d in 1899, h a s o b t a in e d fr o m
S u p r e m e C o u r t J u s t i c e C la r k e a w r i t d ir e c t i n g C o m m is s io n e r
M o n r o e o f t h e D e p a r t m e n t o f W a t e r S u p p ly , G a s a n d E l e c
t r i c i t y , t o s h o w c a u s e w h y a p e r e m p t o r y m a n d a m u s s h o u ld
n o t i s s u e c o m p e l l i n g h im t o g r a n t t o t h e c o m p a n y t h e p e r m it
to op en th e str e e ts.
S e e f u r t h e r f a c t s in V , 6 9 , p . 1196.
National Bank, Phllllpsbnrg, N. J.; Chas. Sledler, Director First Na
ttonal Bank. Jersey City. N J.; Edgar Van Etten, Vice-Pres. N. Y.
Central & Hudson River RR., Boston, Mass.; B. P. Pearson, K. O. M.,
P. P., Director Halifax St. Ry.. Halifax. N. 8 ; W. S. Darnell, Attorney,
Camden, N. J.; G. P. Gehring, M. D.. Philadelphia. Pa.
Office, No. 1521 Broad-Exchange Building, N. Y. City; Fiscal Agents,
Allison, Smith & Meldrum, 74 Broadway, N. Y.
I n d i a n a p o l i s A b a t t o i r C o .— Stock Offered.—The C e n t r a l
T r u s t C o. a n d J . F . W ild & C o ., b o t h o f I n d ia n a p o li s , h a v e
r e c e n t l y b e e n o f f e r in g fo r s a le a t 105 a n d a c c r u e d s e m i- a n n u a l
d iv id e n d f r o m M a y 1, $ 1 0 0 ,0 0 0 o f t h i s c o m p a n y ’s 6 p. c . c u
m u l a t i v e p r e fe r r e d s t o c k . F u r t h e r f a c t s :
Capital stock pald-np, $500,000. of which $200,000 is preferred; no
bonds; net surplus, $25,304. The oompany is incorporated in In
diana for the purpose or packing beef, pork and sheep. It has been
in successful operation for more than twenty years. The main plant
occupies thirteen acres of ground, near the Union Stock Yards, in In
dianapolis. In addition the company maintains agencies In Pitts
burgh, Philadelphia and New York, and owns over 103 refrigerator
cars. Sales. 1898, $583,250; 1693, $1,031,748; 1900, $1,329,732;
1901, $1,743,271; 1902, $2,735,548. The net earnings have averaged
over 12 p. c. per annum on the capital stock for many years. Joseph
Allerdlee is President: Henry Ranh, Vice-President; Wm. A. Mooney,
Treasurer.
I n t e r n a t i o n a l S t e a m P i m p C o .—New Director.—A lf r e d
N a t h a n h a s b e e n e l e c t e d a d ir e c t o r t o s u c c e e d J a m e s H . S n o w ,
d e c e a s e d .— Y . 76, p . 1251, 1146.
Albany with $50,000 authorized capital stock, the directors
being William Harris, W . W. Walter and Frank McKee,
New York, has applied to the Board of Aldermen of the city
of New York for a franchise permitting the stringing of
wirc-s in the district between 33d St. and 59th Sts.
Massachusetts Gas Companies.—C o n s o lid a tio n B ill S ig n ed .
—Governor Bates signed the bill for the consolidation of the
Boston gas companies on Thursday. The bill, an abstract of
which, as adopted by the Legislature, was given in the
“ Boston News Bureau” of May 8, authorizes the consolida
tion, under title of the Boston Consolidated Gas Co., ot the
Boston, Brockline, Bay State Gas, Roxbury, South Boston,
Dorchester, Jamaica Plain and Massachusetts Pips Line gas
light companies. The incorporators of the new company and
other data follow:
The object of the International Company is “ to put wire
less telegraphy on a commercial basis.” The organization of
the American Wireless Telegraph Co. of Arizona, concerning
which official information obtained early in the year was
published in the C hronicle of April 18, page 867', was ap
parently abandoned in favor of the New Jersey corporation.
King Crowther Oil Corporation.—S u it F ile d .— AttorneyGeneral C. K. Bell and District Attorney Carlos Bee filed
application in the District Court at San Antonio, Tex., on
May 21, for the forfeiture of the charter of the King Crow
ther Corporation and the King Crowther Pipe Line Co., and
for a receiver to take charge of their assets, on the ground of
insolvency. The capital stock of the King Crowther Cor
poration is $3,000,000; of the Pipe Line company, $500,COD. C. F. King, 28 State St., Boston, President of both
companies, replying to our inquiry, writes:
The charge was baFed on Information filed with the Attorney-Gen
eral by parties whom we believe have been prompted either by malice
or blackmail or both. At anv rate, when the writer and other officials
ot the corporation, with counsel, appeared before the Attorney Gen
eral of Texas at Austin on Saturday, May 30. the Attorney-General
decided that there were no grounds for the appointment of a receiver
for either oompany, and that partionlar clause In the suit was “ passed
up” or dismissed. The various other allegations were also admitted
to have been entirely false or woefnllv exaggerated, and, while a hear
ing has been set down for Jane 22, we do not attach any im portance
to the matter other than the usual annoyance occasioned by such
proceedings.
Lehigh Coal & Navigation Co—Prospects—President
Lewis A. Riley is quoted as saying:
While the oompany makes It a practice to keep its figures tor the
annual report, the fact that we have already earnings sufficient to
pay both dividends tor the present fiscal year indicates the satisfactory
business that we are doing. The present will prove a very excep
tional year in the history of the company, and the indications from
the present demand for coal are that we shall not have gotten hack to
normal times before say the close of next year.
By the first of last January the Lehigh Navigation Oompany had
nearly recouped itself for the losses suffered by the strike. (I say
this off hand without a careful calculation.) A6 a consequence the
added business that is coming to ns this year, and that we expeot a lso
next year, will leave the company a substantial gainer for the fa o t
of the anthracite strike of 1902. During the progress of the strike
we stated that the companies were fighting the battle tor the public.
The public, however, sided with the miners and have been paying the
losses of the strike ever since.
We have been able to recoup ourselves so early because of the 50cent advance In coal, in which we followed Reading and which is now
a permanency with us. No anthracite road of course can be expected
to go back to old prices after the report of the Anthracite Commission.
He farther says that he has no expectation of another
issue of stock being needed in the near future.—V. 76, p.
540, 438.
Long Acre Electric Light
&
Power Co., New York City.—
A p p l ic a tio n f o r F r a n c h i s e — This company, incorporated at
In corporators: Robert Wineor, Samuel Carr. James L. Biohards, 8.
Reed Anthony, Charles G. Smith, Robert E. Townsend, Henry B.
Chapin, William 8. Spaulding, Neal Rantoul and Charles Augustus
Stone.
The New England Gas A Coke Co. Is not Included In the merger, but
the Act provides that the new consolidated oompany oan purohase gas
of other concerns (Including, of coarse, that company) when the Gas
Commissioners decide that It can purchase the same more oheaply
than it can itself make gas in a modern plant. The capital stock
of the oompany shall be determined from a fair value of the plants of
the several companies [excluding franchise rights, earning capacity,
eto.] after deducting the par value of all debts.—V. 76, p. 1088, 545.
I n t e r n a t i o n a l W i r e l e s s T e l e g r a p h C o .—Consolidation —
I n F e b r u a r y , 1902, a c o m p a n y w a s o r g a n iz e d u n d e r t h e l a w s
o f A r iz o n a , w i t h t h e n a m e o f C o n s o lid a t e d W ir e le s s T e l e
g r a p h & T e le p h o n e C o ., fo r t h e p u r p o s e o f a b s o r b in g t h e
A m e r ic a n W i r e l e s s T e le g r a p h & T e le p h o n e C o ., o r g a n iz e d
in O c t o b e r , 1699, a n d f o u r o f i t s s ix s u b s id ia r y c o m p a n ie s ,
n a m e ly , t h e N e w E n g la n d ( V . 72 , p . 876), t h e F e d e r a l, a n d
t h e A t l a n t i c a n d t h e N o r t h w e s t e r n c o m p a n ie s .
Meadow River Coal & Timber Co. — B o n d s O ffe r e d .—Lewis
The oricinal American Wireless Telegraph A Telephone Co. (V. 70, & Neely and Levering Edgar & Co., both of Philadelphia,
p. 874, 793) had a capital stock of $5,000,000 and licensed six subsid have recently been offering at par, with a bonus of 50 p. c. in
iary companies, four of which are named above, each having $5,000.- full-paid common stock, $650,000 (entire issue) of this West
000 stock. The other two licensee companies were the Pacific and
the Continental, and they, with their $5,cOO,OCO stock, continue as Virginia Company’s first mortgage 6 p. c. 30 year $1,000 gold
independent corporations. The subsidiary companies first named are bonds. Common stock is $1,250,000; par of shares $100. A
said to have sold their stock broadcast on representations that were circular says :
untruthful in many respects, and to have applied little or none ot the
This company Is being formed to acquire 24,500 acres of carefullyproceeds for the developments of the wireless system. The Consoli
dated Company was formed with $25,000,000 capital stock, and selected coal and timber lands In Fayette and Greenbrier oonnties,
merged a;l the companies except the Paeiflo and the Continental W. Va„ In the region tributary to the Chesapeake A Ohio Railway,
by an exchange of stock, dollar for dollar. The capital stock the low-gTade line to the sea. The land is "ffered at $24 75 per sere
was then reduced to $7,500,00o; of which $2,500,000, it is stated, and 6,00b shares of the common stock of the company, a very low
price for the coal alone, without considering the limber or surface of
was used for various purposes.
The International, as successor of the Consolidated Wireless Tele the landF; 3 ,2 5 0 shares of the common stock being given to the bond
graph A Telephone Co., has nine stations on the Atlantic ooast (see holders and 3,000 shares remainirg in the treasury. The lands extend
Y. 76, p. 867); it also has a factory and laboratory at S27 Arch Street, for many miles along the waters of the Meadow River
Directors-Col. James B Coryell and George F. Craig, Philadelphia;
Philadelphia, where work is in progress The company claims to ha ve
transmitted signals to a distance ot 140 miles overland, “ the longest Richard H Edmonds, Baltimore. Md ; Hon. Jno, Lowndes MoLaurin,
New
York; Charles Catlett, Stauntcn, Ya.; H. Frazier; Capt. Alex.
overland record up to date ” The company’s pa ents number over
sixty, including those granted to H. Shoemaker and others, also toe F. Matthews. Lewieburg, W. Va.
basic patent on wireless telegraphy of Professor A. E. Dolbear.
New England Cotton Yarn Co — P r e fe r r e d D iv id e n d L ik e ly
Thecfficers of the new company are Col. Henry Patton, President;
W. B. Averill, Secretary and Treasurer; G, P. Gehring, Manager; H. to he Passed.—A director is quoted as saying:
Shoemaker, Electrical Engineer. Directors: Henry Patton, President) The directors have not as yet met to take aotion on the semi-annual
of United Lumber Co., Albany, N. Y.; G. C. Smith, President Second dividend on the preferred stock. I do not believe, however, that un-
J une
13, 1903.]
THE
1305
CHKONICLE.
der prevailing conditions a dividend ol' 3*« percent on the preferred
etook will be declared. The company. In common with the other tex
tile mannfaotnrlng concerns, has had a poor year on account of labor
troubles and the high price of cotton. Its policy has been to buy cot
ton only as required for manufacturing purposes, and the advance in
the staple has resulted ia considerable additional expenses. I am
sure, however, that the oompany will pull out all right
On Jane 30, 1902. the com pany had outstanding, in addi
tion to $5,523,000 o f 5 p. c. bonds, n o 'e s payable fo r $2,632,500,
this am ount contrasting w ith $2,947,000 in 1901 and $650,000
in 1900. See V. 75, p. 341.
New E n glan d W ireless T e le g ra p h & T e lep h on e C o.— See
International W ireless T elegraph C o.— V . 72, p. 876.
N ew p ort News S h ip B a ild iu g & D ock Co.— C ontract —
This com pan y secured the con tra ct fo r the con stru ction o f
the U . S, battleship M innesota, con tra ct price $4,110,000.—
V . 76, p. 162, 1C6.
New Y ork S h ip b u ild in g C o.—New P resid en t,— De C oursey
M ay, General M anager, has been elected President to su c
ceed H enry G . M orse, deceased.
C on tra ct,—T his com p an y’s bid o f $4,179,000 for the c o n
struction o f the 16,000 ton battleship Kansas for the United
States G overn m en t has been a ccep ted .— V . 71, p. 970.
New York Water Co., Pelliam, Westchester Co., N. Y.—
R eorganized C om pany.— This com pany has filed articles o f
in corporation at A lban y, its authorized capital stock beiDg
$1,500,000, to succeed to the property o f the fo llo w in g bank
rupt com panies, in w hich Moses R. C row was once in ter
ested : New Y ork C ity D istrict W a ter Supply C o., the U pper
New Y ork City W ater Co. and the New Y o rk & W estchester
Water Co.
Directors of new oompany—Charles H. Biesell of Lakeville, Conn.;
Martin MoHale, Arthur Turnbull, William A. Washburne, William H.
Ellis, Charles F. Jordan and James Moses of New York City.
Com pare V . 69, p. 495; V . 74, p. 833; Y . 76, p, 162.
Norwalk (O h io ) Steel & I r o n Co.—T his com pan y, w h ich
was incorporated in D elaw are on Dec. 27, 1901, w ith $1,000,000 capital stock, fo r the purpose o f establishing a cru cib le
steel plant at N orw alk, Ohio, has filed am ended articles o f
in corporation perm ittin g it to issne part o f its stock as p re
ferred. The President is J. E. Carnahan o f C anton, Ohio ;
Secretary and Treasurer, Jam es G . G ibbs, o f N orw a lk , Ohio.
The com pany has in operation one open-hearth furnace w ith
a capacity of 30 tons a day and w ill fire a second furnace o f
like capacity before the end o f the year. O f the $1,000,000
stock, $250,000 is C p. c. cu m u lative preferred; par value o f
shares $1C0. A t present outstanding $350,000 com m on and
$70,000 preferred. N o bonds or m ortgage.
Power, Transit & Light Co.—B onds. —The shareholders at
a recent m eeting in the M ills B uilding, San F rancisco, voted
to issue $2,500,000 bonds fo r the parpose o f acqu iring p rop
erty and carrying on business. P. J. M uller is Secretary.
The "S an F ran cisco N ew s B ureau” says:
C. N. Beal says that the oompany Is not yet ready to make its plans
publlo. It Is presumed, however, that the general plan Is to buy up
existing water and eleotrio power properties In this State and to ex
tend suoh business. The principal oeutre of operations is said to be
about Bakersfield.
Prairie Pebble Phosphate Co., Georgia.— B on d s.— A
m ortgage has been filed to secure an issue o f $2,000,000 o f 5
p. c. $1,000 gold bonds, dated M ay 1. 1908, and due May 1,
1933; Savannah T m st C o., trustee. The sinking fu n d, after
1906, is to receive $25,000 annually. O f the new bonds $800,000 are outstanding; there are no u nderlying liens, The
capital stock authorized and issued is $1,200,000, all o f one
class; par walue o f shares $100. The officers a re: President,
Joseph H u ll; Vice-President, A , B. H u ll; Secretary-T reas
urer, F . D, Tinsley. Office, Savannah, Ga.
Reeves & Co. (Incorporated),Threshers, etc., Columbus, O.
— Sicck Offered.— The U nion T rust Co. and J. F . W ild & Co.,
both o f Indianapolis, are offering at 105 $400,000 o f this co m
pany’s $750,000 o f 6 per cent cum ulative preferred stock, re
deem able at par M ay 15, 1933, w ith the option to redeem on
and after M ay 23, on 60 days notice at 110, and after M ay 15,
1928, at 105, par value o f shares $100. A n advertisem ent
contains the follow in g data :
The company’s oapital stook was recently Increased as follows:
Common etook from $360,000 to $750,000, the new Issue being fully
paid up from surplus fund ; pref. stook from $80,000 to $750,000. The
new preferred stook Is being sold for cash In order to give the oom
pany sufficient capital to meet Its Increasing business. There are no
mortgages on the property. The oompany manufactures threshing
machinery and sawmills. Its businsss was established In Columbus
lu 1875 by Marshall T. Beeves, who Is still at its head. The sales of
1902 were $1,895,062. Average net profits for the last three years
$211,990, or over four times the dividend on the preferred stock.
This dividend is payable quarterly, Feb. 15, May 15, <fco. After com
pleting this transaction, the condition of the company will be, ap
proximately, as follows as of May 15, 1903: Assets, $2,155,794,
viz : real estate, plant, ete., $376,815; raw material and manufac
tured product, $763,513 ; cash, accounts receivable, etc., $1,015,466.
Liabilities: common stock, $750,000; preferred stock, $750,000;
bills and accounts payable, $338,583; surplus, $317,211; total
$2,155,794. The company owns forty-two live patents, covering 145
claims, no value for which is Included above.
For the benefit of the preferred stockholders, Beeves & Co. agree to
pay all legal taxes and assessments, and to pay Into a sinking fund
each year, beginr.ing with May 15. 1913, one-tenth of the net profits,
alter deducting the dividends on the preferred stook, for the ultimate
retirement of said preferred stock.
M. T. Beeves, President; Fred Doella, Vice president and Treasurer;
O. $. Way, Secretary; J. N. Kailor, Superintendent.
Sloss-Sheffield sites! <te I r o n C o.—E a rn in g s.—The restilts
fo r the 3 m onths ending M ay 31, 1903 (M ay estim ated ), were;
Earnings from operations, $650,719; deductions fo r d ep recia
tion and charges to extraordinary repairs and renewal fund,
142,739; net earnings. $607,930, applicable as fo llo w s:
3 mos. ending
Net
Interest
Preferred
Balance,
May 31—•
earnings.
and tuxes,
dividend.
surplus.
1953.................... $607,980
$60 000
$114,000
$433,980
1902....................
271,974
60,000
114,000
97,974
6 months —
1902-3....:.......... 1,240,592
120,000
228,000
892,592
1901-2.................
518,240
120,000
228,000
170,240
T otal surplus on May 31, 1903, was $2,079,661.— V . 76, p.
977, 814.
U n ited S tates S h ip b u ild in g Co — O pposition to P l a n A p plica tion f o r R eceiver.— R oland R. C onklin, Max Nathan,
Jaoob W . M ack and James D. M aguire o f this city , first
m ortgage bondholders and ow ners of preferred and com m on
stock, applied to the U nited States C ircuit Court at T renton,
N. J ., on T hursday fo r the appointm ent o f a receiver and an
order restraining the com pany fro m ca rry in g ou t the plan o f
reorganization, The com plainants claim that the com pany
paid an extravagant price for the Bethlehem Steel Co. and
by the reorganization plan seeks to give to tne holders o f the
collateral trust bonds secured by deposit o f that com p an y’s
stock a lien on all the property o f the S hipbuilding c o m
pany, while at the same tim e con vertin g the latter’s first
m ortgage bonds into preferred stock. G uggenheim er, U nterm yer & M arshall o f th is city are attorneys for the com p lain
ants. The m otion is returnable on M onday next. See plan
in V. 76, p. 1197, 1253,
Urbana (Ohio) Electric Light & Power Co.—Change in
C ontrol.— A. E, A ppleyard & Co. o f B oston have purchased
a m a jority o f this com p a n y ’s $50,000 stock , presum ably w ith
the idea o f transferring the con trol to one o f their trolley
com panies, thongh as yet, w e are in form ed , no such disposi
tion has been m ade o f the property.
Yirglnla-Carolina Chemical Co.— A p p 'ica tion to L ist.—
A pplication has been made to the N ew Y o rk Stock E xchan ge
to list $7,COO,000 5 p. c. collateral trust sinking fu n d bonds
o f 1912.—V. 76, p. 1038, 598.
W ea ver C oal & C oke C o .j I l l i n o i s .— See W eaver Coal &
Coke C o., W est V irgin ia, b e lo w .—V . 75, p. 294, 5C6.
Wearer Coal & Coke Co.., W est Virginia.—In co rp ora ted —
Purchase.— This com pany, incorporated in W est V irginia
in A p ril last w ith $10,000,000 authorized capital stock, "o w n s
and con trols several thousand acres in W est V irginia. It
has 4 mines in operation, and is one o f the largest coke prodneing com panies in the State.” The in corporators w ere :
H e n ry E . W e a v e r, C. A . B lo k e tt . T h o m a s G a h a n , H e n r y L . S te r n an d
W illia m F r a n c e A n d e r s o n , all o f C h ic a g o .
There is also an allied Illin ois corporation o f the same nam e
and $3,000,000 capital stock , w h ich in Septem ber last pu r
chased the property o f the Jupiter Coal & Coke Co. at D uquoin, 111., in cluding 1,000 acres o f land and six additional
mines, w ith a daily ou tpu t o f 5,000 tons. The latter c o m
pany is n ow operating in Pennsylvania, Ohio, Indiana, I lli
nois and W est Virginia. Com pare V . 75, p. 294, 506. Office,
11 Broadw ay.
Wellman-Seaver-Morgan Co., Cleveland, Etc.—B onds Of
fe r e d .— A. block o f the $800,000 general m ortgage 6 per cen t
gold bonds, Cleveland T rust C o., Trustee, are offered for
sale. These bonds are dne May 1, 1913, bu t are su b ject to
call for paym ent at the option o f the com p an y on any inter
est day (M ay 1 and N ov. 1) fro m May 1, 1903, at 105. The
com pany’s capital stock is $3,000,000, o f w h ich $1,000,000 is
7 p. c. cum ulative. Cleveland "F in a n c e ” says:
T h e b o n d s are a lieu on a ll th e p r o p e r t y o f t h e o o m p a n y . s u b je c t to
$ 4 0 0 ,0 0 0 first m o rtg a g e 6 p e r o en t b o n d s o f th e W e llm a n -S e a v e r -M o rg a n C o. an d $ 1 0 0 ,O oo first m o r t g a g e b o n i s o f th e W eb 3 ter, C a m p &
L a n e C o. T h ese b o n d s a re r e d e e m a b le in 1 9 0 4 an d 1 9 0 3 , a n d it is
p r o p o s e d t o r e tir e th em as s o o n as th e y o a n b e o b t a in e d . P r o fits f o r
the y e a r 19 0 3 , b a se d on sig n e d c o n t r a c t s , a re e s tim a te d a t $ 1 ,3 0 0 ,OOO. T h e o o m p a n y is f u lly e q u ip p e d t o d o e n g in e e r in g w o r k o f a ll
k in d s, w ith s p e c ia l r e fe r e n c e to ir o n an d steel. S ee V . 7 6 , p . 12 0 0 .
W estern U n io n T eleg ra p h Co.— Q uarterly.— Earnings
(partly estimated) fo r the quarter and the tw elve m onths end
in g June 30 w ere:
3 m os end.
N et
June 30—
r e v e n u e ..
1 9 03 (e s t .).................$ 2 ,0 0 0 ,0 0 0
1 9 0 2 (a o tu a l).......... 1 ,8 9 2 ,4 7 6
12
In te r e st
ch arge.
D ivid en d s
p a id .
B a la n ce ,
su rp lu s.
$ 2 8 6 ,3 0 0
2 5 4 ,7 7 0
$ 1 ,2 1 7 ,0 1 4
1 ,2 1 7 ,0 0 9
$ 4 9 6 ,6 8 6
4 2 0 ,6 9 7
1 ,0 7 7 ,7 0 0
9 9 2 ,5 8 0
4 ,8 6 8 ,0 4 3
4 ,8 6 8 ,0 3 1
2 ,2 6 1 ,0 2 4
1 ,4 3 1 ,7 2 8
m o n th s .
19 02-3 (est ) ............. 8 ,2 0 6 ,7 7 2
1 9 0 1 -2 ( a c t u a l ) .... 7 ,2 9 2 ,3 2 9
Total surplus (estimated) June 30, 1903, $13,012,027. The
regular
per cen t d ividen d is payable J u ly 15.— V . 76, p.
1253, 1200.
W j’ a n d otte (M ic h .) L ig h t & F a e l Co.— P urchase.— M anager
Paul Doty o f the D etroit C ity Gas Co. is quoted as saying:
“ I h a v e p u rch a sed th e in te r e s ts o f J, R. Ammon, M a rk A A m m o n
an d H a rr y T. A m m on , c o n s t itu tin g th r e e -fo u rth s o f th e in te re sts o f th e
W y a n d o tte L ig h t & F u e l C o,”
The m anufacture o f gas wa3 begun Jan. 1, 1902, Capital
stock stated as $100,000; bonds $60,000 o f 5s due 1920,
—W e are indebted to the International Cable D irectory
Co., No, 17 State Street, fo r a co p y o f the 1903 edition o f the
International Cable D irectory o f the W orld , issued in con
ju n ction with the W estern U nion T elegrap h ic Code system .
The book com prises about 800 pages and contains the names
o f thousands o f representative corporations, m anufacturers,
firms and individuals in all parts o f the w o rld , together w ith
their cable addresses and classified business h ea lin gs printed
in Germ an, English, Spanish and F rench , The indexes are
also printed in fo u r languages—in fa ct, the w h ole w ork is
arranged m ost conveniently fo r reference and is invaluable
to users o f the wires, especially for ca b lin g purpos33.
1396
THE CHRONICLE
© m
m
u je r d a l
COMMERCIAL
^ p m je s .
EPITOME,
[V o l .
LXXVI.
C O T T O N .
Friday N ight , June 12, 1903.
The Movement of th e Crop , as indicated by our telegrams
from the South to-night, is given below, For the week ending
this evening the total reoeipts have reached 13,466 bales,
F rid a y N i g h t , J u n e 12, 1903.
against 24,291 bales last week and 28,091 bales the previous
Developments for the week have been in the main o f a week, making the total reoeipts since the 1st of Sept., 1902,
character favorable for the advancement o f industrial a c 7,545,802 bales, against 7,318,767 bales for the same period of
tivity. Progress has been made in settling the labor troubles, 1901-2, showing an inorease since Sep, 1,1903, of 227,035 bales.
the strikes and tie-up in the local building trades have been de
M u e ip ti a t—
M on .
7wi. Wed. T h u rt. P r i.
Mat.
T ota l.
clared off and settlements o f differences have been reached or
Galveston......
322
693
122
41
11
97 1,286
appear to be about reached in several other trades. W eather
Bab. Pasa, Ac ....... ...... ...... ...... ......
217
217
conditions have been more favorable. More settled clim atic New Orleans...
338 1,198 1,134 2,204
803 1,765 6,942
2
12
2
110
126
conditions have been reported from the flood-stricken sec Mobile_______
......
500
500
tion in the Southwest and the drought in the Northern A t Pensacola, Ao.
Savannah.
364
499
453 2,265
127
214
608
lantic and New England States has been broken by good
Brunow'k.Ac. .......
18
...... ...... ......
18
general rains. The monthly, report issued by the Govern Oharleston___ ...... ......
......
1 ....... ......
1
ment’s A gricultural Bureau indicated that despite the unsat
......
Pt. Royal,Ac. ...... ...... ...... ...... ...... ......
isfactory weather experienced during May, the present pros
1
1
2
1
8
8
pects are for a large yield from the grow ing wheat crop. Wilmington,... ......
Wash’ton.Ae ...... ...... ...... ...... ...... .......
Renewed attention has been attracted to the speculative
41
124
541
56
1
__
159
160
market for cotton, due to prices ior this crop being advanced Norfolk
78
78
N’p’t News, Ac ...... ...... ...... ....... ......
to a new high-record point for the season.
502
50
603
51
Lard on the spot has been offered at low er prices, and at New York___ ....... ......
276
383
9
54
44
the decline there has been a moderate increase in the volum e Boston
......
......
498
498
o f business transacted. The close was quiet at 9T5c. for Baltimore.......
...... ...... ......
....... .......
prim e W estern and 8@ 8’25c. for prime City. Refined lard PhUadel’a, Ac.
has had a lim ited sale at slight concessions in prices, closing
640 4,080 13,466
Tot. this weei 1,000 2,505 2,079 3,162
at 9’25c. fo r refined for the Continent. Speculation in lard
The
following
shows
the
week’s
total
receipts,
the total since
for future delivery has been moderately active and during
the week prices advanced on smaller receipts o f swine. The Sept. 1,1902, and the stocks to-night, compared with last year.
close was steady.
Mtoelt.
1901-02.
1902-03.
D A 1 L T G L O B IN G P R I C E S OP L A R D F U T U R E S IN C H IC A G O .
B e e tip it to
IM i
fines
dtp.
TAif
Mine*
Mop.
Sat
Mon
Tue*.
Wed.
Thun.
Pri.
J u n e 12.
1903.
1902.
1,1902. vote*. 1,1901.
w eek .
July del’y______ 8-77*« 8'77i* 8-85
8'87ifl 8-85
8-85
September del’y.. 8’87i* 8-87V 8 95
9 00
8-95
8-97**
Galveston,.. 1,286 2,084,014 2,899 2,023,136
11,701
33,754
Pork has had only a small job b in g sale in the local market,
.... .
Sab. F., Ac.
217 153,380
87,168
but prices have held steady at §18 25@18 75 for mess, $18 25 New Orleans 6,942 2,251,084
73,584 124,720
11,015 2,214,321
@20 25 for short clear and $19 00@19 25 for fam ily. Beef has
1,840
454 152,130
126 210,284
8,263
sold slow ly and the tone of the market has been easier, clos Mobile____
500 155,613
217,983
in g at $8 5C@9 fo r mess. $9 50@10 for packet, $11 @12 for P’sacola, Ac.
11,073
12,179
fam ily and )15@16 for extra India mess in tcs. Tallow has Savannah--. 2,265 1,291,449 3,529 1,109,159
223
18 130,622
134,267
been quiet but steady at 5c. Cut meats have been in m od Sr’wiok, Ac.
412
1 209,503
75 262,874
1,718
erate demand at about steady prices, closing at 8% c. fo r Charleston..
9
1,574
337
pickled shoulders, 113^c. fo r pickled hams and 9 @ 9 ^ c . for P.Boyal.Ac.
397
331 276,000
6,835
8 329,361
pickled bellies, 14@10 lbs. average. Stearines have been quiet Wilmington.
387
382
at 10@1034c. for lard stearine and 8c. foroleostearin e. Cotton Wash’n, Ao.
1,750
541 504,007 1,414 446,877
19,641
seed oil has been quiet and unchanged at 41@41J^c. for prime Norfolk.. .. .
22,689
85,813
144
78
yellow . Butter has been in fu ll supply, but w ith a steady !CportN.,Ao
35,362
603
110,388 168,838 166,482
demand prices have been maintained at 18@ 22^c. for New York...
9,000
11,000
97,467
383
248 118,949
creamery. Cheese has had a moderate sale at steady prices, Boston____
1,875
2,950
95,954
44,250
354
closing at 9@10%c. for State factory, full cream. Fresh eggs Baltimore. .
498
1,932
32,289
1,619
have advanced on only moderate receipts, closing at 18@ PhUadel.Ac.
28
25,993
183^c. for choice Western.
282,312 389,618
20,356
7,318,767
7,545,802
13,466
Totals......
Brazil grades o f coffee have been quiet, a w aiting market
being experienced, neither buyers nor sellers showing any
In order that oomparison may be made with other years,
especial desire to operate, but holding off awaiting for we give below the totals at leading ports for six seasons,
developments in the movement o f the new Brazil crop,
1898,
1900.
1899.
1902.
1901.
The close was dull at 5 ^ c . for Rio No. 7 and 6c. fo r Santos UeceipU at— 1903.
No 4. W est India growths have been in fu ll supply and Galvea’n.Ao.
1,722
277
950
1,503
2,899 19,459
prices have been barely maintained, closing at 8)^c. for good New Orleans
6,714
5,926
4,827
6,942 11,015 18,334
Cucuta. East India grow ths have been quiet. Speculation Mobile........
166
188
454
590
188
126
in the market for contracts has continued spiritless and only Savannah...
911
3,059
3,449
8,529
455
2,265
slight changes have occurred in prices. The close was quiet. Ohas’ton, Ac.
885
44
414
84
1,158
1
F ollow ing are the closing asked prices:
84
100
10
331
63
Wllm’ton, Ac
8
July_________ 3-75e. Oct.................. 4 05o. Jan................. 4-450. Norfolk. . . . .
2 911
1,114
6,829
1,414
3,772
541
August........... 3-85c. Nov_________, 4-10fi. March............. 4-60o.
192
302
727
138
78
Sept. __ _____ 4.c0e. Dee_________ 4*40o. M a y .............. 4-75o. N. News, Ao.
6,762
4,533
6,711
5,334
2,002
630
R aw sugars have been in fair demand and steady, closing Ill others...
at 3 19 32c. for centrifugal, 96-deg. test, and 3 ^ c . for m usco tot.this wk. 13,466 20,356 51,907 12,423 26,838
18,160
vado, 89-deg. test. Refined sugar has been more active and
firmer, closing at 4-85@5-05c. for granulated. Pepper has •inee 8ept. 1 7545,802 7318,767 7214,467 6381,262 8269,286 8523,566
been active at advancing prices. Teas have been firm in the
The exports for the week ending this evening reach a total
East.
of 16,194 bales, of which 8,084 were to Great Britain, 2,747
A moderate volum e o f business has been transacted in to France and 5,363 to the rest of the Continent. Below
K entucky tobacco and to obtain supplies buyers have had to are the exports for the week and since Sept. 1, 1902.________
pay fu ll values. Seed-leaf tobacco has been in moderate
W eek B r u lin t J u n e 1 2 ,1 9 0 3 . f r o m S ept. 1, 1902, to T n e 18, 1 908
demand. The sales have included about 500 oases 1900 and
E x p o r te d to —
E x p o r te d to—
M a p er ti
1901 Pennsylvania broad leaf at full values, and small lots of
O staM .
* r » cl
'r t f * —
S rem t
O tttii- T e t o i
T rsn et
flltt.
fra n e e
C onnecticut, W isconsin and Zimmers. Foreign grades o f
n tn t.
W eek. B r it a in .
n t n t.
fl r l t ’n .
tobacco have been in fairly active demand and firm. Sales
6
84
,96
0
....
.
.....
3
2
2
,7
8
0
0
1
7
,0
4
8
1
,004
1
,0
6
4
1 .0 8 4,7 89
G a l v e s t o n .........
reported include 500 bales new crop Sumatra.
..... ........... .....
3 7 ,1 0 8
7 0 ,6 8 8
118 ,79 0
S a b . P a s s , & e ..
A m oderate volum e o f business has been transacted in N
9 2 1 .0 9 3 3 34 ,86 7
...........
2 ,8 9 9
7 5 4 ,7 2 8 8 ,0 1 0 ,1 8 8
2 ,7 4 7
152
e w O r l e a n s ..
Straits tin, but under fairly free offerings from the East M o b i l e ................. .....
........
4 8,8 97
6 6 ,4 7 0
1 04 ,37 8
prices have sagged, closing at 28-25@28'50c. Ingot copper P e n s a c o l a .........
500
0 8,7 14 1 2,4 88
6 3,2 61
500
1 4 4 ,4 1 3
has declined, and as near as can be learned only a hand-to- S a v a n n a h - . . . . ..... ...... ..... ...... 195 ,94 1 5 0,5 64 7 4 9 ,4 0 2 9 9 6 ,9 0 7
m outh demand is being experienced, closing at 1 4 ^ @ 1 4 % c. B r u n s w i c k . . . . .....
1 0 6 ,7 1 9
0 ,8 0 0
1 13 ,67 9
.........*
15,500
8 8 ,5 2 8
1 04 ,08 3
for Lake. Lead has been dull and unchanged ac 437J^c. C h a r l e s t o n . . . . .....
...........
...........
Spelter has advanced, closing at 6'25c. Some improvement P o r t R o y a l . . . . ..... ..... ........... . . . . .
has been experienced in the demand fo r pig iron; prices have W i l m i n g t o n . . . ......... ........... ........... ........... 1 33 ,70 2 3 ,8 4 2 187.024 3 2 4 ,5 6 8
...........
...........
1 4,0 84
4 0,9 21
1 3,4 02 18.4 85
N o r f o l k ..............
been unchanged at $20 00@21 00 for No. 1 Northern.
193
1 1,4 44
965
18,1 59
193
750
...........
...........
Refined petroleum has been steady, closing at 8-55c. in N ’ p o r t N ., & o ..
9
,5
1
5
4
61
.40 1
8
4
9
,5
3
8
1
9
6
,7
0
3
3
,0
4
8
15,2
20
07
bbls., 10-50c. in cases and 5-65c. in bulk. Naphtha has been N e w Y o r k ......... 6 ,1702
5 ,707
1 ,0 0 2
147 ,21 4
300
1 41 ,44 7
unchanged at 12 40c, Credit balances have been easier,
..........
299
1 1 8 ,0 7 2
299
6 ,0 0 0
3 5,7 04
7 1 ,3 0 3
B a lt im o r e . . . .
closing at $1 50, Spirits turpentine has been in limited de P h i l a d e l p h i a . .
4 0 ,4 9 8
8 ,0 8 0
4 2 ,5 7 9
709
709
mand and steady, closing at 49@493^c. Rosins have been S a n F r a n ., A o 1 28 ,85 8
1 0 4 ,0 4 8
13
13
3 5 ,1 9 0
...........
...........
in limited supply and firm at $2@2 05 for com m on and good
8 .0 8 4
2 ,7 4 7
5 ,8 0 8 1 0 ,1 9 4 8 ,7 7 6 ,5 1 0 7 6 8 ,0 0 7 2 ,9 8 3 ,5 6 7 0 ,5 1 7 ,1 5 0
T o t a l ................
strained. H ops'have been quiet but steady. W o o l has been
T o t a l 1 90 1-02 — 3 ,2 7 1
4 ,8 4 9 2 7 ,2 9 8 3 5 ,4 0 9 2 ,9 7 5 ,9 8 0 7 1 8 ,1 3 5 8,590,'783 0 ,2 8 4 ,8 9 8
in limited demand and firm.
THE CHRONICLEI*
J une 13, 1903.]
I n a d d itio n to a b o v e e x p o r ta , o u r te le g ra m s to -n ig h t also
g i v e ua th e fo llo w in g a m ou n ts o f o o tto n on sh ip b o a rd , not
• le a r e d , at th e porta n a m ed . W e a d d sim ilar fig u re s for
1307
UTUBB8.—H ig h e s t,lo w e s t and c lo s in g p rice s at N ew Y ork .
Hew Y o rk , w hioh are p rep ared fo r o u r s p e o ia lu s e by Messrs.
L am bert ft B a rrow s. P r o d u c e E x c h a n g e B u ild in g .
ON SHIPBOARD, NOT OLBABED FOR—
June 12 at—
■Tew Orleans.
Galveston.. ..
Savannah---Charleston...
Mobile--------Norfolk.........
New York__
Other ports.
Great
Ger Other OoastBritain Wr’nce many. Bor’gn toise.
Total.
|
! Ii ij ji I• 7i| j| 1ij ij Tii •i Ti
| 1i* *1 11•i }| fi 1
« ii |
*• •
j
Leasing
stock.
II II
l hi 19
II II
<OCD
II II *'0<0
W *OH
W
* *oow
Of1 a) 19 19 1 9 1 9
CDO
1 *9
i i II
* M
**•
MtO ‘ 00
fcO
i i
I 1
| |
1 1
i i
1 i
19
1&
19
1 1
1 1
4,039 7,383 1,265 18,380
363
4,067
2,751
510
150
150
15
15
245
1,000
1,000
1,400
1,100
1.000
300 ........ ........
8,190 7,893 2,793 26,257
55,204
7.634
10,923
397
1,596
760
167,438
12,114
256,055
19
Total 1902.. 3.028 5,710 15,070 24.02R 4,239 52,075
Total 1901.. 11,721 1,726 3.989 6,163 21,901 45,500
337,648
366,861
1 1
1 1
1 1
1 1
1 1
Speculation in cotton fo r future delivery has been active
and the feature has been a sharp upturn to prices in the near
by deliveries. R eports have been freely circu la ted that ar
rangem ents have been made b y bull interests to finance their
deal in Ju ly contracts, and on b u yin g by shorts to cover
con tracts and bu ll m anipulation prices have been car
ried to a new high -record point for the season.
At
the advance there has been som e selling b y outside
longs to realize profits, prices at the close o f business
on W ednesday experiencing a sharp tu m ble as a result
o f this character o f selling. The n ew -crop deliveries also
have shown an advancing tendency, fo llo w in g the lead o f
values fo r this crop. M uch is being made o f the backw ard
condition o f the g row in g crop , and the com paratively low
tem peratures reported from the W estern section o f the c o t
ton belt have been used as a strong point by the bu ll interests.
T o-day the m arket was active and higher. The advices re
ceived from L iverp ool reported an u nexpectedly sharp ad
vance in prices, due, it was reported, to b u yin g fo r E gyptian
account, and also, it was believed by m any, to m anipulation
fo r the accou nt o f A m erican bu ll interests. R eflectin g the
strong advices from L iverpool, the local m arket opened at a
sharp advance, but reacted during the day u nder profit
taking sales. The close was barely steady at a net ad
vance fo r the day o f 13@80 points. Cotton on the spot has
advanced, closing at 12,35c. fo r m id dlin g uplands.
The rates on and off m id d lin g , as established Wo v. 20,1902,
by the R evision C om m ittee, at w h io h g ra d e s o th e r than
m id dlin g m a y b e d e liv e re d o n o o n t r a c t , are as fo llo w s ,
Fair...... ................... .......o. 1*30 on Good Middling
ing Ting*
Tinged.. o. Even
Middling Fair______. . . . . . 0 96 on Strict Good Mid.
laid. Tin
Tinged.. 0-80 on
Strict Good M iddling...... 0-62 on Strict Middling Tinged.... 0-06 off
Good Middling.........
0-44 on Middling Tinged............ 0'12 ofl
Strict Low Middling......... 01 4 oil Strict Low Mid. Tinged... 0-34 oil
Low M iddling................ 0-38 off Middling Stained..............0-50 ofl
Strict Good Ordinary........0-72 off 8trict Low Mid. Btalned... 1-06 ofl
Good Ordinary...................100 off Low Middling Stained..... 1-50 ofl
On th is basis the officia l p rice s fo r a fe w o f th e g ra d es for
the p ast w e e k — June 6 to June 12—w o u ld b e as fo llo w s .
1 1
1 1
1 1
Total 1903..
5,693
443
_
......
215
300
700
7,381
„ T. ff
CO ,
1$
19
19
M
19
| |
1 1
1 1
1 1
1 1
<J> *
to
1 1
1 1
1 1
1 1
i s
19
19
1
l i
i l
1
9
| |
| |
9
| |
1 1
1 1
1 1
19
I 9
19
| |
| |
| |
| |
j |
| |
| |
1 1
1
19
19
19
1 1
| |
h
1 |
1 II
1 1
1i 1 il 11
9 19 i 9 1 9
| II II | I
coco coco
y *
y *
toy
to**
19
19
COCO COCO
y y
y y
*■05 c o y
coo
<35C*
Of-
19
coco
05- j
too
coco
66
ac to
1
9
w w
<35*3
ooo
6*3oo
*
19
coco
yDcx
G
C
coco
Of#.
MOi
19
coco
y y
*>co
coco
-3 05
MO
19
coco
*3 -3
to to
COcc
05 y
05 -3
19
coco coco
05 05 05 05
M CO aoco
coco
GO*3
coo
*3 05
to to
coco
00*3
05 00
19
coco
abco
coco
05 y
o *
i 9
coco
05 05
00 O
1
9
coco
6*3
9
coco
*3 03
oo
19
coco
00 CD
MO
H**-•
oo
oa oo
IM
o
M
OO
6**-JO
M
oo
tOM
9
MM
o o
koto
05 05
MM
o o
y to
y oo
•9
MM
OO
y 05
05*3
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OO
ay
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1
9
MM
OO
05 30
050
MM
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y *
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coy
coco
y y
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19
®S0
05 <1
o o
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y y
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coco
03*4
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coco
6*3
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<105
NW
19
coco
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19
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coco
toco
19
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19
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T he V isible (s u p p l y o f C otton to -n ig h t , as m ade up by
jable and telegraph , ia. as fo llo w s , Foreign stock s, as w ell
*s th e afloat, are th is w e e k ’ s returns, and con sequ ently all
foreign figures are b r o u g h t d o w n to Thursday ev en in g,
But to m ake th e to t a l th e c o m p le te figures fo r to-n ig h l
June 12>, we add the item o f e x p o rts fr o m the U n ited States,
a clu d in g in it th e e x p o r ts o f F riday o n ly
1902.
1903.
1901.
1900.
8 sock at Liverpool,
593,000 948,006 721,000 531,000
Ssook at L on d on _____ . . . _____
11,000
12,000
9,000
9,000
T o ta l G roat B rita in stock . 604,000 950,000 730,000 540,000
UPLANDS.
Sat. M o n T o e s W e d T il. F rI.
3*ook at H am burg___ . . . . . . . . .
23,000
21,000
18,000
21,000
212,000 136,000 175,000 291,000
Good Ordinary.
__ ,____ ... 10 50 10-90 1140 11-50 11-25 n-35
jiock at Amsterdam.... ......
1,000
Low Middling_____
11-12 11-52 1202 12-12 11-87 11-97 Stock at Rotterdam. . . . . . . . . .
.....
200
200
Middling........ . . ......... . . . . . . . . . 11 50 11-90 12 40 12 50 1225 12 35
6,000
4,00C
‘ took at Antwerp................ .
5,000
4,000
Good Middling______________ 11-94 1**34 12-84 12-94 12-69 12-70 4took at Havre...................... 161,000 151,000 166,000 174,000
Middling Fair........................... 12-46 12-86 13 36 IS 46 13 21 13 31 3took at Marseilles............ .
3,000
3 000
4,000
3,000
Stock at Barcelona. . . . . . . . . . .
22.000
50 00C
S2.000
47,000
GULF.
Sat. M o n T a e s W e d T il. F r i.
itook at G en oa ....____
21,000
36,000
34,000
52,000
itook at Trieste. . . . . . . _____
14,000
12,000
6,000
6,000
Good Ordinary. ________ ... — 10 75 11-15 11 65 11-75 11-50 11-60
Total Continental stocks502,000 394,000 452,200 599,210
Low Middling. . . . . . . . . . __ . . . » 11-37 U-77 12-27 12 37 1212 12-22
11 75 1215 12 65 12-75 12 50 12-60
Middling. . akMaiMM
TetalEuropean s to c k s ..,.!,108,000 1,354,0001,182,200 1,139,200
Good Middling...... .. . . . . . ----- 1*19 1*"59 la-09 1319 1*94 13 04
ndla cotton afloat for Europe
149,000 111,000
82,000
32,000
12 71 1311 13 61 13-71 13 46 1356
Middling Fair...... ........... .
Amer. cotton afloatf or E’rope.
93,000 101,000 197,000 122,000
®gypt,
Brazil,Ac.,
aflt.f
or
E’pe
19,000
42,000
21,000
14,000
Sat. M o n T u e s W e d T li. F r i.
STAINED.
Stock in Alexandria, E gypt...
48,000 100,000 153,000 109,000
Stock
In
Bombay,
India......
..
709,000
505,000
615,000
311,000
Low Middling— ..
--------- 10-00 10-40 10-90 11-00 10 76 10-85
in United States ports..
282,312 389,618 412,361 218,742
Middling......... .
. . . . . . . . . . . . 11 00 11-40 11-90 12 00 11-75 11 85 stook
itock In U.B. interior towns..
71,600 148,170 344,250 136,028
Strict Low Middling Tinged... 11-16 11-56 12 06 12 16 11-91 1201
united
States
exports
to-day.,
992 il,362
2,894
7,496
Good Middling Tinged......... . 11-60 11-90 12-40 12 50 1225 12 35
Total Visible supply .. .. .. .2 ,47a,904 2,762,1503,009,705 2,089,466
T h e qu otation s fo r m id d lin g upland at N ew Y ork on
Of the above, totals of American and other descriptions are as follow s:
American—
June 12 fo r eaoh o f th e past 82 years h a v e been as fo llo w s .
Liverpool
stock.. . . __ bales. 497.000 821,000 588,000 414,000
.
1903__ 0.12 35 1895.. ..0714
1887.. _.0.115ie1879. ...0.1278
Continental stocks.......... .
417.000 289,000
378,000 568,000
1886........ 9316 1878....... Ilia
1894........
1902.
7 Bia
American afloat for Europe...
93,000 101,000 197,000 122,000
?I10
.... 10Cg 1877......11°8
1901.
1898......... 71&16 1885..
83s
United
States
stock______
...
282,812
389,618
412,861 218,742
1876....... 12iie
1892..
. . .7H
. i 6 1884........118s
9
1900.
Jolted States interior stocks. 71,600 148.170 344,250 136,028
1875....... 15*8
1899.
889 1883........10=8
£*16 1891.
992
11,362
2,894
7,496
United States exports to-day..
1874....... 18
1890..
.„..123161882........ 1214
1898.
6 910
Total American........... .,..1,361,904 1,810,150 1,922,505 1,466,266
1878....... 201*
1881........l l b e
1897.
1889........ l i s l6
Jasl
Indian,
B
rasil,
Ac.—
1872....... 26*4
1896.
7718 1888.. . . „ 1 0 1e 1880........ 12
96.000 127,000 133,000 117,000
Mverpoolstooi.
MABXET AND SALES.
London stock__ . . . . . . _______
11.000
12,000
9,000
9,000
T h e t o t a ls a le s o f c o tt o n on th e s p o t e a o h d a y d u rin g the Continental stocks___....
85.000
55.000
74.200
81,200
149.000
111,000
82,000
32,000
India
afloat
for
Europe........
w eek are in d ica te d in th e fo l lo w in g s ta te m e n t.
F or the
19.000
42,000
21,000
14,000
Sgypt. Brasil, Ac..afloat____
con ven ien ce o f th e rea d er w e a ls o a d d c o lu m n s w h ioh show stock
48.000 100,000 153,000 109,000
in Alexandria, Egypt...
at a glan ce h ow th e m a r k e t f o r s p o ts a n d futures c lo s e d on steak In Bombay, India___„ „ 709.000 505,000 615.000 311,000
same days.
Total East India, A c . l , l 17,000
Total
1.
1
Sales op Spot a Contrac
FOTTJBER
Total visible supply.
Spot Market
Market
diddling Upland, Liverpool.,
6
6
4 93
O onOon
tuzClosed
Closed
middling Upland, New York..
1
tutnp. t r a c t . S e t a i
7Bigd
6Bied
67sd.
Sgypt Good Brown, Liverpool llijs d .
8-_7od
288 ?eru r. Rough Good, Liverpool
Snijurday .
288
700
852 iroach Fine, Liverpool..
Kenday”. Quiet___ _____ Steady........
152
__
57i6d
478<i
4iid
4%d.
Tuesday... Quiet. 40pts.ad. Firm.'..........
558 flnnevelly Good, Liverpool...
400
158
__ 1,000 1,000
Wednesday Quiet, 50 pts. ad. Irregular__
1ST C ontinental im ports past w eek have been 115,000 bales.
Thursday.. Quiet, 25 pts. do. Steady........
....
....
1Z8
128
Tbp above figures fo r 1903 show a decrease from last w eek
Friday..... Quiet, 10 pts. ad. B’rly steady.
....
.... 1,900 1,900
of 107,974 bales, a loss o f 288,246 balsa from 1902, a decrease o f
Total......
....
726 4,000 4,726 530,801 bales from 1901 and a gain o f 889,438 bales over 1909.
952,000 1,087,200 623,200
American. _.’.™ ,'361,9041,810,1501,922,5051,465,266
^..2,478,904 2,762.1503,00^.7052,089.466
l, Liverpool.. 82d
iiod i 3d S^ad.
12-35o 97i o sago. 9 ie0.
/d 4Big,-d
7^d.
4is,„d
d
S^sd.
THE CHRONICLE.
1308
A t th e I nterior T ow ns the m ovem en t— th a t is the receipts
for the w eek and since Septem ber 1, th e shipm ents for th e
w eek and the stocks to-night, and the same item s fo r th e
corresponding period o f 1901-02— is set ou t in detail below .
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The above totals show that the in terior stock s h ave d e
creased during the w eek 9,204 bales, and are to-n ig h t 76,570
bales less than same period last year, The reoeipts at all th e
tow ns have been 3,243 bales m ore than same w eek last year.
Overland Movement
job the
W eek
and
Since Se p t , 1.—
W e g iv e b elow a statem ent sh ow in g th e o v e rla n d m ovem en t
for the w eek and sin ce Sept. 1, as m ade up fr o m te le g ra p h ic
reports F riday n ig h t.
T h e resu lts fo r the week ending
June 12 and sin ce Sept. 1 in the last tw o years are as follow s.
1902-03.
June 12.
Week.
Shipped—
Via St. Louis................................
Via Cairo.....................................
Via Paducah.......... ........... .
Via Rook Island........................
Via L ouisville..........................
Via Cincinnati............................
Via other routes, &o................ .
4,855
388
...... i
1,462
49
762
Sines
Sspt. 1.
735,997
207,814
2.198
29.605
159,034
35,844
256,429
1901-02
Week.
3,704
1,007
708
130
963
Sines
Sspt. 1
801,000
148,425
1,192
33,093
191,553
89,497
342,203
7,517 1,426,921
6,512 1,606,963
Overland to N. Y., Boston, Ac.
Between Interior towns............
Inland, Ac., from S o u th .........
1,484
15
755
203.072
45,642
59,776
1,704
357,580
62,213
59,054
Total to be deducted..............
2,254
308,180j
2,834
478,847
Total gross overland............
Deduct ihipments—
5,263 1,118,73l!
630
[V o l .
LXXVI.
Quotations fo r M iddling C otton at O th er M a r k e t s .—
B elow are d o s in g qu otations o f m id d lin g ootton at S outhern
and other prin cipal ootton m arkets fo r each day o f the w eek ,
GLOBING QUOTATIONS FOR MIDDLING OOTTON ON—
Week ending
June 12.
Satur.
Mon.
Tuts.
Wednts.
Thurs.
Galveston...
New Orleans
Mobile........
Savannah...
Charleston..
Wilmington.
Norfolk......
Boston........
Baltimore. .
Philadelphia
Augusta....
Memphis....
St. Louis....
Houston....
Cincinnati..
Little Rook.
IU 2
1U3,fl
10%
1138
Nominal.
Nominal.
11%
11 50
11%
11-75
11 Sg
11%
11%
H 716
10%
11
11%
121,6
10%
11%
Nominal.
Nominal.
1>%
11 50
11%
12-15
l i n ,e
11%
11%
11% 6
10%
11
11%
126ie
11
11%
Nominal.
Nominal.
11%
11-90
12
12-65
11%
11%
11%
111118
10%
11
11%
127,«
11
11%
Nominal.
Nominal.
11%
12-40
12%
12-75
12
12
11%
12
10%
11
11%
12716
11
11%
Nominal.
Nominal.
12
12-50
12%
12-50
12
12
11%
12%
10%
11%
Fri.
12%
12716
11
11%
Nominal.
Nominal.
12
12-25
12%
12-60
12
12%
12
12%
10%
11%
The closin g quotations to-d a y (F rid ay) at oth er Im portant
Southern m arkets \ko re as follow s.
Athens...—__ Hie
Columbus. Miss 12
Nashville - - .. 11%
Atlanta.......
Eulaula__ ___
Natohes......
Charlotte... ... 12
Louisville....... 12
Raleigh.......
Oolnmbus, Ga. 11H
Montgomery... 11%
Shreveport.... 11%
N e w O rleans O ption Ma r k e t .— The highest, low est and
closing quotations for leading options in the N ew O rleans
cotton m arket the past w eek have been as follow s.
Sat’day. Monday, Tuesday, Wed’day, Thursd'y Friday,
June 6 June 8. June 9. June 10 June 11 June 12. :
July—
Range.... 12-35 8-41 12 45® 00 13 00® 50 13 37© 56 12-99® 30 13-30 9-40
Closing... 12-38© 41 12-98® 99 13 50® - 13-37S38 13 00® — 13-34© -
A ugust—
Range__
Closing...
Seft’ber —
Range....
Closing...
October—
Range__
Closing...
Dec’beb —
Range__
Closing...
Tone—
Spots......
Options...
11 95®-96 12 05® 58 12 70®-00 12-960-18 12 80©-93 13-02 9-15
11 96© — 1-2-59 ® 12-98®-00 12 -96® -97 12-840-85 13'00®-03
10-28® 37 10 41® 60 10 68 8-00 10-95® 38 10-97® 26 11-30® 41
10 36® 37 10 59® 60 10 93®-94 11 23® — 10-99® 00 11 *32®'S3
9-41'®-47 9 51® 63 9 61®-90 9 73®-90 3H4®-78 9-83®-90
9-46®‘47 9-62®-63 9'73®-74 9 75®-76 9‘67®"68 9-84®-85
9-23® 28 9-310-43 9-43®-50 9-480-66 9-40®-57 9-57®-62
9-26®-27 9-42® — 9-49O-50 9-50®-51 9-42® -44 9-58®-59
Steady.
Firm.
Firm.
Steady. Irregul’r Firm.
Quiet.
Firm.
Firm.
Steady Steady. Steady.
W e a th e r R eports b y T e l e g r a p h .—T elegraphic advices
to us this evening denote that there has been rain in almost
all sections o f the South during the week. A s a rule t he
precipitation has been light or m oderate, but in some dis
tricts along the A tla n tic and at a fe w points elsew here the
precipitation has been heavy. F rom Texas there are some
com plaints o f b oll w eevils and the backwardness o f the crop.
A few correspondents in other sections com plain that the
crop is grassy, and from Arkansas w e are advised o f the
overflow o f som e land. On the other hand som e correspond
ents note an im provem ent in conditions.
Galveston, T exas,— R ains have im proved the con dition of
cotton in Texas, but there is general com plaint of the back
wardness o f the crop. B oll weevils are appearing in w idely
scattered sections and farm ers are feeling gloom y in con se
quence. It has rained on one day o f the week. The p recip i
tation reached tw elve hundredths o f an inch. The th er
m om eter has averaged 78, ranging fro m 69 to 86.
Abilene, T exas.—R ain has fallen on three days during the
w eek, the rainfall reaching seventy-six hundredths o f an
inch. The therm om eter has ranged from 54 to 87, averag
ing 71.
Brenham, Texas.— R ain has fallen on tw o days o f the w eek,
the rainfall being tw en ty-tw o hundredths o f an inch, A ver
age therm om eter 79, highest 91, low est 66.
C orpus Christi, Texas.—I t has rained on one day during
the week, the precipitation being tw en ty -tw o hundredths o f
an inch. The therm om eter has averaged 78, the highest
being 86 and the low est 70.
Cuero, Texas.— There has been iain on one day of the week,
the precipitation beiDg ninety hundredths of an inch. The
4,178^1,128,116 thermometer has averaged 81, ranging from 68 to 95.
Dallas, Texas.— W e have had rain on fou r days during the
The foreg oin g sn ow s that the week's net o v e rla n d m ovem ent
this year has been 5,263 bales, a ga in st 4,178 bales fo r the week, the precipitation reaching one inch and eighty hun
week in 1903, and th a r fo r the season to d ate th e aggregate net dredths. The therm om eter has ranged from 59 to 92, aver
overland ex h ib its a decrease from a y e a r a g o o f 9,385 bales. aging 76.
H en rietta , Texas.—It has rained on fou r days o f the week,
1902-03.
1901-02.
the rainfall being tw o inches and thirty hundredths. A ver
In Sight and 8pinnert
age therm om eter 73, highest 92, low est 58.
£i®e«
Fines
Takings.
Wtsk. aept x
Huntsville, T exas.—There has been rain on three days the
Week. Sspt. 1.
past week, the rainfall being one inch and eighty-nine hun
Receipts at ports to June 12........ 13,466 7,545,802 20,35^7,318,767 dredths. The therm om eter has averaged 78, the highest be
5,263 1,118,731 4,178 1,1*8,116
Net overland to June 1 / ...............
Southern consumption to June 12 39 0001,653,000 37,0C0jl ,471,000 in g 91 and the low est 64.
K errville, Texas.— There has been rain on three days o f the
57,72910317533 61,589 9,917,883 past week, the rainfall reaching sixteen hundredths o f an
Total marketed......... .
*9,204
8,522 *11,601
18.905 in ch . Therm om eter has averaged 78, raD giD g from 58 to 98.
Interior stocks In excess.
Lam pasas, T exas.— There has been rain on one day o f the
..... 49,933
Came Into sight during week.. 48,525
....... 10326055
Total In sight June 12.............
9,936,788 week, ihe rainfall reaching forty-six hundredths o f an inch.
The therm om eter has ranged from 60 to 90, averagin g 75.
BTorth’n spinners’ tak’gs to J’ne 12 11,495 2,052,529 5,365 2,019,272
Longview, T exas.— There has been rain on three days dur
. * Decrease during week.
ing the week, the precipitation reaching seventy-five hun
M ovem ent in to sight in previous years.
dredths o f an inch. A verage therm om eter 74, highest 90,
Week—
Bales.
Since Sept. 1—
Bales.
lowest 58.
1900-01—June 14....... 9,813,964
1901-June 14.... 69,148
Luling, Texas.— W e had rain on one day darin g the week,
1900-June 15____. . . . . . . . 41,630 1899-00—June 15....... 8,739.440
1898-99—June 16..........10,824,987 to the extent o f five hundredths o f an inch. The thermom1 8 9 9 -June 16.... 48,966
1898—June 17............—
35,394 1897-98—June 17_____ 10,758,003 ter has averaged 79, the highest beiDg 93 and the low est 65.
Leaving total net overland...
J uke 13, 1903.]
THE CHRONICLE.
— .Abovezero olgauge.
Hashville________ ....Above zero ol gauge.
Shreveport__ ___ __ Above zero ol gauge.
....Above zero ol gauge.
Vicksburg........
310
12-8
7'3
391
13-6
29
17-2
21'8
Mints
Mept. 1.
W eek.
44.000
Bombay.
Maports
from —
Bombay—
1902-03..
1901-02..
1900-01..
Calcutta—
1902-03..
1901-02..
1900-01..
JladraB—
1902-03..
1901-02..
1900-01..
Alio there—
1902-03..
1901-02..
1900-01..
1900-01.
Mines
Mept X.
If***.
Min«(
Mept. 1.
itma .
25,000 2.022,000 48,000 1,772.000
o
o
©
Memphis
1901-02.
1902-03.
Usesipts at—
CO
00
June 11, ’03, June 12, '02.
Feet.
Feet.
new Orleans__ _ .....Above sero ol gauge.
7'9
13-7
I n d ia C otton M o v e m e n t pb o m a l l P o b t b .—The reoelpts
of co tto n at B o m b a y and th e sh ip m en ts fr o m a ll In d ia port*
for the w eek e n d in g June 11, and fo r th e season fro m S ept, 1
to June 11 fo r th re e years h a ve b een as fo llo w s :
Cl
N
^ P a lestin e, T e x a s — There has been rain on three days o f the
past week, the rainfall reaching one inch and eight hun
dredths, The therm om eter has averaged 74, ranging from
60 to 88.
P aris, Texas.— W e have had rain on one day during the
w eek, the precipitation reaching one inch and five hundredths.
The therm om eter has ranged from 52 to 99, averaging 72.
San A n ton io, Texas.— The w eek ’s rainfall has been six
hundredths o f an inch, on one day. A verage therm om eter 78,
highest 92, low est 64.
W eath erford , Texas.— W e have had rain on four days o f
the past w eek, the rainfall reaching tw o inches and fiftynine hundredths of an inch. The therm om eter has averaged
74, the highest being 90 and the low est 58.
Shreveport, L ou isia n a .—There has been rain on three days
du rin g th e w eek, the rainfall being forty-nine hundredths o f
an inch. The therm om eter has ranged from 65 to 92, aver
aging 78.
New Orleans, Louisiana.— There has been rain on one day
o f the w eek , the precipitation being eigh t hundredths o f an
inch. The therm om eter has averaged 80.
Columbus, M ississippi.—R ain has fallen on tw o days o f the
w eek, the rainfall reaching thirty-eight hundredths o f an
inch. A verage therm om eter 05, highest 75, low est 55.
Leland, M ississippi. —R ain has fallen on one day during
the week, the precipitation being fifteen hundredths o f an
inch. The therm om eter has averaged 71 9, the highest being
81 and the low est 59.
Vicksburg, M ississippi,— The weather recently has been the
coolest for the season of the year since the establishm ent o f
the w eather bureau here.
Seasonable rains have been quite
general, but locally too dry.
There has been rain on tnree
days o f the past w eek, the rainfall reaching ten hundredths
o f an in ch . The therm om eter has averaged 76, ranging from
56 to 88
Greenville, M ississippi.— W eather clear and cool.
L ittle Rock, A rkansas.—There are com plaints o f overflow s
and cold and w et w eather, and as a result o f scarcity o f
la b or crops are in the grass. The w eek’s ra in fa ll has been
fifteen hundredths of an inch, on three days. A verage ther
m om eter 70, highest 84 and low est 56.
Helena, A rkansas.—Cotton is doing w ell in bottom lands.
The first o f the w eek was w arm bu t now cool. There has been
no rain here thus far in June, but it has rained heavily fou r
m iles west. H ills need rain. The river is overflow ing c o n
siderable land. The therm om eter has averaged 66-7, the
highest being 86 and the low est 52.
Memphis, Tennessee. — W ith the exception o f co o l nights
the latter part o f the w eek, the weather con ditions have
greatly im proved. Chopping is active but the cro p is gen
erally reported grassy. W e have had no rain during the
w eek. The therm om eter has averaged 73-8, ranging from
61-5 to 84.
Nashville, Tennessee.— W e have had rain the past w eek,
to the extent o f four inches and fo rty -fo u r hundredths. The
therm om eter has ranged from 61 to 88, averaging 72.
Mobile, A labam a.— General rains occu rred in this vicin ity
in m id-w eek, but the weather has been fair and cool at the
close. The tem perature was rem arkably lo w this m orning.
Crop reports are m ixed. R ain has fallen on fou r days o f the
w eek, the rainfall being sixty-five hundredths o f an inch.
A verage therm om eter 77, highest 84, low est 6S.
M ontgom ery, A labam a.—-Crops are som ew hat in the grass
and backw ard. L abor is indifferent. N ights too c o o l. There
has been rain on three days o f the week, the precipitation
reaching sixty-five hundredths o f an inch. The therm om eter
has averaged 76, the highest being 89 and the low est 66.
Selma, A labam a.—Crops continue to im prove and labor is
plentiful. There has been rain on tw o days o f the past week,
the rain fall reaching eighty hundredths o f an inch. The
therm om eter has averaged 74, ranging from 56 to 87.
Madison, F lorida.—There has been light rain on fou r days
during the week, the precipitation reaching tw o inches and
tw en ty-fou r hundredths. The therm om eter has ranged from
70 to 94, averaging 81.
Augusta, G eorgia,— It has rained on fou r days o f the w eek,
the rainfall reaching tw o inches and tw enty-seven h un
dredths. A verage therm om eter 76, highest 87 and low est 67.
Savannah, G eorgia .—W e have had rain on fou r days during
the week, the rainfall being one inch and seventy-three
hundredths. The therm om eter has averaged 77, the highest
being 88 and the low est 67.
Charleston, South C arolina.— R ain has fallen on six days
o f the week, the rainfall bein g one inch and thirty hun
dredths. The therm om eter has averaged 77, ranging from
69 to 84.
Stateburg, South C arolina.— Crops are in need o f dry
weather w ith sunshine. Rain has fallen on six days during
the week, the rainfall reaching seven inches and n icety-nine
hundredths. The therm om eter has ranged from 64 to 87,
averaging 75.
The follow in g statement w e have also received b y telegraph,
show ing the height o f the rivers at the p oin ts nam ed, at
8 o ’clo ck June 11, 1903, and June 12, 1902.
1309
Mines September 1.
Wor lAs Wssk.
Grtut
Britain.
Conti
nent.
Total.
1,000
21,000
1,000
2,000
22,000
1,000
2,000
73,000
7,000
65,000
759,000
460,000
519,000
832,000
407,000
584,000
2.000
1,000
1,000
2,000
1,000
1,000
4,000
3,000
3,000
33,000
35,000
32,000
37,000
38,000
85,000
1,000
1,000
2,000
1,000
3,000
6,000
2,000
8,000
12,000
7,000
13,000
18,000
9,000
21,000
1.000
1,000
9,000
3,000
5,000
10,000
4,000
5,000
17,000
2,000
9,000
124,000
79,000
88,000
141,000
81,000
97,000
Ureal
Conti
nent.
Britain.
Total.
total all—
1902-03..
1901-02..
1900 01..
2,000 33,000 35,000 100,000 928.000 1,028,000
7,000
9,000
2,000
14,000 581,000 595,000
8.000
8.000
85,000 852,000 737,000
........
a l k x a n d u ia R e c e ip t s an d S h ipm e n ts o p O o tto n .
T h rou g h a rra n g e m e n ts w e m ad e w ith M essrs. D a v is,
B en a oh i & C o ., o f L iv e r p o o l a n d A le x a n d r ia , w e n ow
r e c e iv e a w e e k ly c a b le o f th e m o v e m e n ts o f o o tt o n at
A le x a n d ria , E g y p t . T he f o l l o w i n g are th e r e c e ip ts and
sh ipm en ts f o r th e p a st w e e k a n d fo r th e c o r r e s p o n d in g
w eek o f th e p r e v io u s tw o y e a r s .
A ltaandria, E gyp t,
June 10.
1902-03.
Receipts (cantars*) —
This week.
81noe 8ept. X______
5,737,000
This
week. Mept. 1.
Exports (bales)—
To L iverp ool...... ..
To Oontinentt.. .. ..
1901-02.
X900-OX.
3,000
6,463,000
40,000
5,350,000
This
Mince
week. Sept. X.
This
Sines
tot-tk. Mept. X.
1,000 338.000 3,000 309.000
8,000 372.000 10,000 473.000
1,000 297.000
6,000 282.000
Total E urope___ 9,000 710,000 13,000 782,000 7,000 579,000
’ A eantar is 98 pounds.
t Ol which to Amerioa in 1902-03, 79,068 bales; in 1901-02, 99,586
bales; in 1900-01,48,337 bales.
M an ch este r M a b e e t . —O u r r e p o r t r e c e iv e d b y eable
to-night fro m M a n ch ester sta tes th at the m a rk e t is firm
for both yarns aad sh irtin g s. M anufacturers are gen erally
com plaining.
W e g iv e th e p rices fo r to-day below and
leave those fo r p rev iou s w eek s o f th is an d last year fo r
com parison.
1903.
1902.
8*4 lbs. Shirt Ootfn
8% lbs. Shirt OoU’n
32* Oop. ings, common Mid. 32s Oop. ingt, common Mid.
Twist.
d.
d.
May 8 71316Og5lg
“ 15 8^4 0 8 \
“ 22
“ 29 81* ®9
J’ne 5 187* 09
“ 1218% n9M
Uplds
to finest.
s. d. s.
5 41*08
5 71*98
5 71*08
5 9 08
5 9 *8
5 101*08
d.
2
5
5
6
6
9
d.
5616
6'30
6 34
6-44
6-82
Twist.
d.
d. 8.
7\ 62
© Si*
7 ih 6®87lg
7H160S7i 8
7^t t»8i*
75g 983a
78b t»83g
Up Ids
to finest.
d. 8.
08
5 08
5 ®8
5 08
4i*S8
5 *8
6
d.
Us
d.
5332
5132
5i*
11* 5<532
5
1
11* 5116
J ute B u tts , B a g g in g , & c ,— There has been an inactive
m arket fo r ju te b a ggin g during the w eek under review , and
prices are unchanged at b% c, fo r 1% lbs. and 6c. fo r 2 lbs,,
standard grades. Jute butts have been very du ll at 13*£@
l% c . for paper quality and 2@ 2 % c. fo r b a ggin g quality.
E u ropean C otton C onsumption to J une 1.— B y cable
to-day w e have Mr. Ellison’s c o tto n figures brought dow n to
June 1,
W e give also revised totals for last year that
com parison m ay be m ade. The spinners takings in actual
bales and pounds have been as fo llo w s:
Oct. 1 to June l.
Great Britain.
Continent.
Total.
F o r 1 9 0 2 -0 3 .
4,240,000
2,595,000
Takings by spinners.. .bales
6,835,000
Average weight of bales.lbs
49?
476
484-4
Takings in pounds.............. 1,292,310,000 2,018,2*0,000 3,310,550,000
F o r 1 9 0 1 -0 2 .
2,421,000
3,746,000
Takings by spinners...bales
6,167,000
503
Average weight of bales.lbs
488
493-6
Taking# in pounds.............. 1,217,783,000 1,826,550,000 3,044,313,000
A ccordin g to the above, the average w eigh t o f the deliveries
in Great Britain is 493 pounds per bale this season, against
503 pounds during the same tim e last season. The C ontinental
deliveries average 476 pounds, against 488 pounds last year,
and for the w h ole o f Europe the deliveries average 484-4
pounds per bale, against 493*6 pounds last season.
O ur
dispatch alBO gives the fu ll m ovem en t for this year and last
year in bales o f 500 pounds.
1310
THE CHRONICLE
Oei. 1 to June 1.
'
1902-03.
Bales 0/ 500 lbs. each
Great
Conti
000s omitted.
Total
Britain nent.
Spinners’ stock Oot. 1
55,
Takings to Jane 1... 2,585,
Supply..................... 2,640,
Consnmpt’n, 35 week* 2,275
Spinners’ stock J’ne 1
1901-02.
Great
Britain
Conti
nent
Liverpool ,—By cable from Liverpool we have the follow*
ing statement of the week’s cables, stocks, &c., at that port,
Tota
May 22.
318
4,036,
373,
36.
6,621, I 2,435
317
853,
3,654, 6,089
4,354,
3.360,
6,994,
5,635,
2,471,
2,230,
3,971, 6,442
3,220, 5,450,
365
994,
1,359,
241
751,
992
65,
65,
65.
65,
65,
65,
65,
65.
96,
96,
96,
96,
96,
96,
96.
96.
*60.
66 .
66,
66 ,
66 ,
t62,
162,
♦62.
92,
92,
92,
92,
92,
92.
92,
92,
152,
158,
158.
158,
158,
154,
154,
154,
Weekly Consumption
000 * omitted.
In October............
In November.......
In December.......
In January........
In February.........
In March..............
In April................
In May..................
161,
161,
161,
161,
161,
161,
161,
161, 1
The foregoing shows that the weekly consumption is now
161.000 bales of 500 pounds each, against 154,000 bales of
like weights at the corresponding time last year. The total
spinners’ stocks in Great Britain and on the Continent have
increased 15,000 bales during the month and are now
367.000 bales more than at the same date last season.
G overnment W eekly
Cotton R eport .—Mr. James
Berry, Chief of the Climate and Crop Division of the United
States Weather Bureau, made public on Tuesday the tele
graphic reports on the crops in the Southern S'atesfor the
week ending June 8, summarizing them as follows:
Cotton in the eastern portion of the belt has m ade good srrowth, bnt
is very grassy and is m coh In need o f sunshine, while portions o f the
central districts need rain and suffered som ewhat from cool nights
during the early part of the w eek Good showers were very beneficial
in T exas, w here chopping has progressed rapidly. Considerable dam
age by web worms is reported from Northern T exas and by cutw orm s
and boil w eevil in central and southern counties. The crop has also
sustained dam age b y insects in Indian T erritory and by floods in Mis
souri and Tennessee. Cotton continues v ery late.
(ales of the week.......bales.
Of whloh exporters took...
Of whloh speculators took.
tales American.......... .........
Actual export.................... .
forwarded...........................
Total stock—Estimated.......
Of whloh American—Est’d.
total Import of the week.....
Of whloh American______
4mount afloat...___ ______
Of whloh American.........
E x e c u t iv e —H enry Schaefer, ch airm an ; George W. B aily, R. A.
Sprlnes, M. A. Parrott, W illiam Ray.
F in a n c e - A. L. Rountree, chairm an; H erm an Norden, J. E. G. H ig
gins, George Brennecke, ex offlolo.
Su p e r v is o r y —William R ay, chairman; J. F. Maury, R. A. Springs.
B y -L a w s and R u l e s —D. H. M iller, chairman; A. L R ountree, E. A.
Fachiri, R. P. McDongall. ex-officio; H. H. F. Wheeler, e x ofliolo.
L eg islatio n —R. P. M cDougali, ch airm an ; W illiam R ay, L. L.
Flem ing.
T r a d e - George W. Baily, chairm an; C. M. Calhoun, M. T. Maine, G.
W. Neville, J. E. G. Higgins, C. D. Freem an, F. C. Mlllett.
A d ju d ic a tio n —M . B. Fielding, ch airm an ; Em anuel Lehm an, R.
Sledenburg, P. A. Fachiri, W. C. Hubbard.
B o a r d o f a p p e a l s - J. Temple Gwathm ey, ch a irm a n ; S. T. H ub
bard, T. M. R obinson, W. T. M iller, H enry H entz, B. 8. Clark, Samuel
Hopkins.
M e m b e r sh ip —E. M. W eld, chairm an; A. V. Belter, W illiam Mohr, F.
H. W iggin. John Grierson.
A r b it r a t io n - G . E. M oore, chairman; M. H. Lehm an. E. A . Fachiri,
M. J. Parrott, L. Mandelbaum, G. F. Jones, Herm ann H a g e d o m .
W areh o use and D e l iv e r y —H erm an Norden. ohairman; L . L.
Flem ing, E. M. W eld, S. M. Lehm an, E. E. M oore, A bram Allen Jr., R.
P. M cDongall, ex-effielo.
I nform atio n and Statistics —J. F. M aury, ohairman; W illiam
Mohr, E. A. Fachiri, J. J. Chew, D avid Lehman.
Commissions —H. H. Wheeler, chairman; M. H. Lehm an, B. S. Clark,
T. M. Robinson, R. Sledenburg.
R e v isio n - George Brenneoke, ohairman; S. M. Lehm an, M. T. M aine,
E. E. Moore, P. A. Fachiri, R. H. Rountree. C. M. Calhoun, W. T. Miller,
John Grierson. R. A. Springs, G. E. M oore, J. F. M oFadden, J. A.
H artcorn, E. M. Weld, Charles Stillman, 8amuel H opkins, D. J. Solly.
C l e a r in g s - R
Sledenburg, C hairm an; C. D. Freeman, R. P.
M cD ougali, ex-officio.
C l a ss if ic a t io n -A b r a m A llen Jr., chairman; J. A, B oylen, J. F.
Wenman, T. A. Perkins, E. L. W oodson.
I m p o r t a t i o n s o f A m e r i c a n C o t t o n .— The Carpathia from
Liverpool brought into this port 25 bales of cotton this week.
Shipping N e w s .—A s shown on a previous page, the
exports of cotton from the United States the past week have
reached 16,194 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bale*.
5,367
1,100
1,700
848
100
400
2,747
152
1,064
600
193
702
300
299
233
45.0OC
3,000
38.000
3,000
54.000
650.000
545.000
63.000
28.000
86,000
61,000
May 29.
June 5.
21,000
800
700
17.000
9,000
50.000
635.000
541.000
44.000
41.000
64.000
39.000
June 12.
10,000
34.000
3.000
8,000
8,000
24.000
7,000
46.000
593.000
497.000
24.000
17.000
57.000
32.000
1.000
29.000
622,000
622,000
24.000
8,000
68.000
39.000
The tone of the Liverpool market for spots and fntnrta
iaoh day of the week ending June 12 and the daily closing
orioes of spot cotton, have been as follows.
Spot.
Market,
Bat’day Monday. Tuesday. Wed'day. Thursd'y Friday.
)
(.2:30 p. M. (
41(t. Bpl’ds.
«»les..... .
spec. Aexp.
futures.
Market (
opened. J
Market, \
4 P. M. (
•
■
■
•
a
a
H
o
e.
a
9
•
a
a
a
•
•
a
a
M
odera
dem
andte. Harden’*. Quiet.
650
7.000
500
Easier.
Irregular.
6-66
6-72
6 66
6 82
5,000
500
6,000
6.000
6,000
500
600
500
3 dy a
at. 58te
at Steady at Steady at
®12 p
tr.t 4Irreg.
3Irreg.
@4 ptg
39 p
ts.
©5 pts.
1 p
t.e.
advance. advance. advance. 1declin
e. declin
F’m
q’t 5F
settled
. at Fev’ish at
@irm
16pa
ts.t Un-10*
H
p
cs.topd.aec.
pt. I r re g p
t*.
to
?k
d. advance 4k
advance. 2dfell
eclints.
e. 8a3d1v9anpoe.
fheprioes of futures at Liverpool for eaob day are given
oelow, Prices are on the basis of Uplands, Good Ordinary
Manse, unless otherwise stated.
PP" The p riee t are given in p en ce and 100th. T h u s: 4'67 m eans
4 67-100d.
1
1
Sat.
W ed. T h a r .,
IWOK. T q « b,
F rl.
June 6 June 8
June 9 June 10 June 11. June 12
N e w Y o r k C o t t o n E x c h a n g e C o m m i t t e e s , E t c .— At a
meeting of the newly-elected Board of Managers of the New
York Cotton Exchange, held ou Monday last, Mr. William Y.
King was by acclamation reappointed Superintendent of the
June..........
Exchange and the following committees were selected :
lone-July...
N iw Y o r k —To Liverpool, per steamer Cymric, 5,867...............
To Hull, per steamer Toronto, 1,100.......................................
To Barcelona, per steamer Manuel Cairo, 1,700..................
To Genoa, per steamer Hobeuzollern, 8 4 8 ................. ........
To Trieste, per steamer Powhattan, 100................................
To Venice, per steamer Powhattan, 400................................
N ew Orleans - T o Havre—June 8—Str. Cape Oorrlentes, 1,550
___June 9—Steamer Etolla, 1,197........................................
To Vera Cruz—June 5—Steamer Malm, 152...........................
Galyeston - T o Hamburg—June 1 0 - Steamers Inohulva, 414
___Manchester Inventor, 650.................................................
P ensacola—To G enoa-Juue 9—8tr. San Gattaido, 500...........
Newport N ews —T o Liverpool—June 11—Str. Kanawha, 193..
Boston —To Liverpool—June 4 —Steamer Commonwealth, 101
___June 5—Steamer Cestrlan, 1 .............................................
To Genoa—June 6—Steamer Vancouver, 300........................
Baltimore —To Bremen—June 9—Steamer Brandenburg, 299
Philadelphia —To Liverpool-June 5—Str. Haverford, z 3 3 ...
To Manchester—May 29—Steamer Manchester Exchange,
178 upland and 298 Sea Island........... .......... .................. . .
P ortland , Mb .—T o Liverpool—June 5—Str. Taurlo, 13..........
[V o l . LXXVI,
July-Aug'...
Aug.-Sept...
Sept.-Oot__
Oot.-Nov__
Nov.-Dee__
Dec.-Jan__
Jan.-Feb__
Feb-.Mon. ..
Mch.-April..
April-May..
12 i* 4 12 k 4 Il2k| 4 12 >« 4 12k| 4
P.M. P.M. P. M. P.M. P. K. P.M. P. M. P.M P. m. p. m.
d
i.
\ d. 1 d
A.
d.
42 6 46 6 51 6 43 6 41 6 59 6 60
37 6 41 6 46 3 38)6 35 6 53 6 54
33 6 36 6 42 6 38 6 31 6 48 6 48
17 6 11 6 2* 6 19 6 17 6 33 6 33
5 65 68 5 70 5 65 5 67 5 73 5 80
5 30 5 34 5 35 6 31 5 33 5 38 5 44
5 15 5 13 5 20 5 18 5 22 5 23 5 19 5 *1 5 25 5 30
5 12 5 10 5 18 5 16 5 19 5 20 5 17 5 18 5 23 5 27
5 11 5 09 5 17 5 15 5 IS 5 19 5 16 5 17 5 22 5 26
5 11 5 09 5 17 5 15 5 1-8 5 19 5 16 5 17 5 21 5 25
__ 1___|___
.. ..
d
ct.
6 26 6 40
6 22 6 35
6 18 6 31
6 02 6 15
5 57 5 57 5 66
5 26 5 24 6 32
d.
6 24
6 20
6 15
6 00
S'
2
6
6
6
6
A
B R E ADSTUFFS.
F r id a y , June 12, 1903.
A firm market has been experienced for wheat flour. Mills
have continued strong in their views, refusing to make con
cessions from their present limits, claiming that with the
existing cost of milling wheats they cannot possibly do so.
The volume of business transacted has reached only moder
ate proportions, buyers generally holding back aDd confining
their purchases to orders of a hand-to mouth character. Rye
flour has been in fair jobbing demand at steady prices. Cornmeal has been quiet but steady.
Speculation in wheat for future delivery has continued on
a moderate scale and only slight changes have occurred in
prices. Early in the week there was a slight decline, based
on more favorable climatic conditions in the West, weaker
cable advices and heavy world’s exports to Europe for the
previous week. Subsequently, however, the market turned
steadier and recovered the decline on limited buying by shorts
to cover contracts, stimulated by an expected bullish monthly
report by the Government’s Agricultural Bureau. Thursday,
following the publication of the Bureau report, the market
held steady. Only a limited volume of business has been
transacted in the spot markets at the seaboard, as exporters
have been light buyers. Prices hare been unchanged and
steady. To-day the maiket was easier, reflecting weaker
cable advices and favorable weather reports from the West.
The spot market was quiet and easier.
BAILY OLOSINO PRICES OF NO.
2 BED WINTER WHEAT
Ha*
Gash wheat f . o. b ....................
J u ly delivery in elev .......
Sept, delivery In elev......
Deo. delivery In elev.......
DAILY CLOSING PRIOAS
85k
81%
77*s
78k
O I
N J.
flat.
July delivery In elev......
Sept, delivery in e le v —
D ec. delivery in elev.......
75%
73 k
731*
Mon.
85
81
77 k
77%
lu es.
85
81k
77%
77%
IN
N EW Y O R K .
Wed.
85%
81k
77%
78k
Thurs.
85k
81k
77%
78
tri.
85
81k
77%
77%
2 SPRING WHEAT IN C H I C A G O .
Mon.
Wed. Thurs.
tr i.
Tuts
75k
72%
72%
75%
72%
72%
75%
73
78
75%
72%
72%
76%
72 k
72k
Indian corn futures have been moderately active and prices
for the week have held about steady. Early in the week the
weather reports from the WeBt were of more settled condi
476 tions in the coin belt, and this had a weakening influence
13
upon values, especially for the distant deliveries. Daring
Total...................................................................................... 16,194 the week, however, on the reports from the West of slow
Exports to Japan sinoe Sept. 1 have been 128,858 bales from progress in planting, the market became steadier and most
the Pacific Coast, 6,283 bales from New York and 400 bales of the loss in prices was recovered. The Cincinnati “ Price
Current,” in its weekly review of the crop situation, says
from Norfolk.
THE CHRONICLE
that the acreage o f corn is probably five per cent less than
last year. The spot market has been quiet and easier. To
day the m arket was steady. The spot market was quiet and
unchanged.
J u l y d e l i v e r y In e l e y ........
S e p t, d e l i v e r y In e l e v . . . .
D t c . d e liv e r y In e l e v ........
flat
Mon.
rue*.
48%
47 %
47
45%
47 ie
46%
4 7%
46i4
48%
Wed.
48%
47%
46%
T h u rs.
P rt
48%
48%
47%
46%
47%
4 6%
Oats for future delivery at the W estern market have been
moderately activp. Early in the week prices declined under
the m ore favorable weather conditions in the West. D aring
the week, how ever, cn shorts coveiin g, the market was
steadier and the less in prices was recovered. The Bureau
report was better than generally expected. The local spot
market has been fairly active and steady, T o-day the m ar
ket advanced sharply for July contracts on shorts covering.
L ocally the spot market was fairly active and higher.
DAILY O LO SW 0 PBIG 85 O f OATS IN NJg VP Y O R K .
Mat.
fue.t.
Mon.
Wed.
Thurs.
HO. S m i x e d
B o . 2 w h i t e In e l e v .
40
40
40
40
48%
43%
43%
43%
OF NO. 2 MIXED OATS IN C H I C A G O
J u l y d e l i v e r y In e l e v —
S e p t , d e l i v e r y In e l e v ___
D e o . d e l i v e r y In e l e v .........
36%
38%
33%
4C %
43%
Sat.
if
80
90
05
25
65
25
f»2
©2
*3
03
04
06
c.
1 .0 .
1 .0 .
1. o .
1. o .
40
41
41
44
Mon.
Tues.
Wed.
Thurs.
Pr<,
36
33
33%
36%
33%
33%
36%
33%
33%
37
33%
33%
38
33%
33%
O o r n , p e r b u s h .—
c.
o58i«
W e s t e r n m i x e d ............. . . 5 5
1 .0 . b .5 6
N o . 2 m i x e d ------- 1. o . b . 5 6 1*
N o . 2 y e l l o w . . . .........
I. o . b .5 6 %
N o . 2 w h i t e ................ ..
B y e , p er bu sh —
W e s t e r n ______ _______ . . . . 5 3
© 59%
S t a t e a n d J e r s e y ............. 6 ( j% ® 5 7 %
B a r l e y — W e s t .................... 5 2 % * 6 1
052
F e e d i n g ...................... . . . . . 4 7
E x p o rts o f G rain and F lo n r from P a cific P o r ts .—The
exports of grain and flour from Pacific ports for the week
ending June 12, as received by telegraph, have been as
follow s: From Portland, June 10, to C ontinent, 130,OCO
bushels o f wheat.
Com bining these figures w ith those for previous weeks, we
have the follow in g, w hich covers the exports to foreign
countries for the period since July 1, 1902.
Exports
fro m —
Wheat,
Flour,
bbls.
S a n F r a n . 8 4 1 ,7 5 4
P u g e t H’ d . l , 7 2 0 ,0 8 6
P o r t l a n d . . 6 9 4 ,4 3 5
bush.
8 ,4 1 9 ,0 9 3
8 ,1 4 8 ,8 4 6
8 ,2 2 9 ,2 7 0
T ota l . . . 3 .2 5 6 ,2 7 5 2 4 ,7 9 7 ,2 0 9
Oorn,
bush.
Oats,
bush.
3 8 ,4 6 6
1 0 ,6 1 8
4 9 ,0 8 4
Barley,
bush.
Bye,
bush.
1 1 .L 9 9 6 ,2 6 3 ,7 4 8 2 1 5 ,1 0 7
8 2 2 .9 4 3
2 2 3 ,8 4 1
25
1 1 7 ,7 2 8
9 7 4 ,0 3 4
...........
9 5 1 ,8 6 9 7 , 4 6 1 ,6 2 3 2 1 5 .1 3 2
. — Mr. James Berry,
Chief o f the Climate and Crop Division o f the U. S. W eather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States fo r the week ending
June 8 as follow s :
G
overn m en t
W
e e k l y
G
r a in
R
e po rt
C o b n — M u c h c o r n r e m a i n s t o b e p la n t e d in t h e M is s o u r i, M i s s i s s i p p i ,
a n d O h io v a l l e y s , w h e r e t h e e a r ly - p la n t e d is g r e a t ly In n e e d o f c u l t i v a
t i o n , a n d m u c h h a s b e e n d r o w n e d . P la n t in g w a s r e s u m e d In N e b r a s k a
a n d I o w a d u r i n g th e la t t e r p a r t o f t h e w e e k , w h e r e , u n d e r t h e m o s t
f a v o r a b l e c o n d l t lo n s .it h e a o e r a g e w ill b e r e d u o e d . U n d e r m o r e f a v o r
able c o n d i t i o n s p la n t in g in th e M id d le A t l a n t i c S t a t e s h a s b e e n fin is h e d .
W i n t e b W h e a t - R u s t in w in t e r w h e a t is v e r y g e n e r a l l y r e p o r t e d
f r o m t h e O h io , c e n t r a l M is s is s ip p i, %nd l o w e r M is s o u r i v a l l e y s , a n d in
t h e t w o la s t - n a m e d d ls t r lo t s t h e c r o p h a s s u s t a in e d m u c h d a m a g e
f r o m flo o d s . I n t h e L a k e r e g i o n , M id d le A t l a n t l o S t a t e s , a n d o v e r t h e
n o r t h e r n p o r t i o n o f t h e S o u t h e r n S t a t e s a n i m p r o v e m e n t Is g e n e r a l l y
n o t e d . H a r v e s t i n g Is p r o g r e s s i n g r a p i d l y In T e x a s a n d h a s b e g u n in
C a lif o r n i a , w h e r e e a r l y w h e a t p r o m is e s g o o d y ie ld s . I n W a s h in g t o n
a n d O re g o n w in te r w h e a t h a s m a d e fa v o r a b le a d v a n c e m e n t, b u t sh o r t
h e a d s a r e r e p o r t e d fr o m O re g o n a n d p o o r sta n d s fr o m p o r tio n s o f
W a s h in g t o n .
Spbing W h e a t —S p r in g w h e a t c o n t i n u e s In very p r o m is in g c o n d i t i o n
In t h e D a k o t a s a n d g e n e r a l l y in M in n e s o t a . O n th e n o r t h P a o l f lo c o a s t
s p r i n g w h e a t , w h i le n e e d in g r a in , Is d o in g w e ll In p o r t i o n s o f W a s h
in g to n .
O a t s —T h e o u t l o o k f o r o a t s in N e w Y o r k a n d P e n n s y l v a n ia Is v e r y
p o o r ; In t h e O h io V a l l e y a g e n e r a l I m p r o v e m e n t Is in d ic a t e d ; In th e
u p p e r M is s is s ip p i a n d M is s o u r i v a l l e y s , w h e r e n o t d a m a g e d b y f lo o d s ,
t h e c r o p Is In a p r o m i s i n g c o n d i t io n .
A
g r ic u l t u r a l
D
e p a r t m e n t 's
R
eport on
C
e re a ls
, &
winter
c
.—
The report o f the Department o f A griculture, show ing the
condition of the cereal crops on June 1, was issued on the
10th inst., and is as follow s:
P r e l i m i n a r y r e t u r n s t o t h e S t a t is t ic ia n o f t h e D e p a r t m e n t o f A g r l e u lt u r e o n i h e a o r e a g e o f s p r in g w h e a t s o w n I n d ic a t e a n a r e a o f a b o u t
1 7 ,2 5 7 ,0 0 0 a c r e s , a d e c r e a s e o f 3 6 4 ,0 0 0 a o r e e , o r 2 ‘ 1 p e r c e n t , l r o m t h e
r e v is e d e s t im a t e o f t h e a c r e a g e s o w n l a s t y e a r . A n in c r e a s e o f 1 0 p e r
o e n t in N o r t h D a k o t a Is a o o o m p a n ie d b y a d e c r e a s e In M in n e s o t a a n d
S o u t h D a k o t a , c o n s e r v a t i v e l y e s t im a t e d a t 6 p e r c e n t in t h e f o r m e r
S t a t e a n d 6 p e r o e n t i n t h e la t t e r .
T h e a v e r a g e c o n d i t i o n o f s p r in g w h e a t o n J u n e 1 w a s 9 5 '9 , a s c o m
p a r e d w it h 9 5 4 a t t h e c o r r e s p o n d i n g d a t e l a s t y e a r , 9 2 o n J u n e 1 ,
1 9 0 1 , a n d a te n -y e a r a v e r a g e o f 9 2 9.
T h e a v e r a g e c o n d i t i o n o f w in t e r w h e a t o n J u n e 1 w a s 8 2 2 , a s c o m
p a r e d w it h 9 2 -6 o n M a y 1 , 1 9 0 3 , 7 6 ’ 1 o n J u n e 1 , 1 9 0 2 , 8 7 ’ 8 a t t h e c o r
r e s p o n d in g d a t e In 1 9 0 1 a n d a t e n - y e a r a v e r a g e o f 7 9 *1.
The acreage and condition o f wheat fo r a series o f years, as
made up from G overnm ent figures, is as follow s:
Tot.
spring
£
O
5,951
‘J.683
:a
87
P4
89
75
4,163
!2,U63
2,125
12,218
to
86
76
76
‘A,399
1 ,t:0b la
1,978 90
2,651 96
1.002 83
1,360 57
1,585 82
1.084 61
92, 64
804 49
810 69
544 82
5.816
71
86
87
93
76
81
80
83
76
1201.
1900.
Condition-
k
1902.
Acreage.
1
83
1,621
2,827
1.0E6
969
1,088
840
808
638
767
476
5,191
<>
i
i t
1 ^
87 6,356
92 a ,672
90 a,192
90 a ,021
00 1 fttfi
84 1.702
84 1,95L
68 1,234
681
46
84 1.254
88 1.212
960
81
888
98
774
100
92
698
4.456
1
V
*3
1 *
1
Ten-year
Average
; Condition.
72
78
75
70
87
69
78
73
78
86
102 4,424
82 a,e&e
20 1.421
30 1,210
73 1 502
03 1.312
93 1,508
47 1,190
103 1,272
99
982
78 1.181
057
88
792
86
779
92
78
367
4,653
•••.
4
t m, ‘
....
83-3 33,107 76'1 ‘JH.661 87-8 30.2K 82-7 a 0,236
Tot,
86
95
15
60
10
05
o.
b .9 1 %
b .8 9 %
b .8 5
b .8 8 %
© 42%
046
042
045
Kansas...........................................
California...............
Ohio.........................
Indiana..................
Pennsylvania........
Illinois....................
Missouri................
Michigan................
Texas.......... ............
Oklahoma..............
Tennessee..............
Kentucky................
Virginia.................
Maryland................
New York...............
Other winter..........
Minnesota............... 99
99
North Dakota.......
South Dakota......... 100
Nebraska .............. 92
Iowa......................... 91
Oregon.................... 87
89
Washington...........
Wisconsin............... 96
Other spring .........
GRAIN.
W h ea t, p er bu sh . —
H a rd D a l., N o. 1 . .
B P thern D u l . , N o . l
R e d w in t e r , N o . 2
N o r t ’ n D u l. N o . 2 .
O a ts — M i x 'd , p . b u s h .
W h i t e . . . . . . * * M .a .
N o . 2 m i x e d .............
N o . 2 w h i t e . . . ____ _
Sta te s .
fn .
fL O u a .
P a ten t, w in te r ....3 8 9 0 ® 4 i s
C ity m ills , p a t e n t . 4 6 0 « 5 0 5
R y e flo u r .s n p e r fln e 2 7 5 o s 5 0
B u c k w h e a t flo u r ..
N o m in a l
O o r n m e a l—
W e ste rn , e t c . . . . . 3 0 0
® 3 05
» .........
B r a n d y w i n e ___ 3 1 0
( W h e a t f lo u r in s a c k s s e l l s a t p r i c e s b e l o w t h o s e l o r b a r r e ls .)
....
Superfine,
. . . $2
Kxtrft, N o, % . ____ 2
E xtra, N o. 1
3
C l e a r s . 3
S t r a ig h t s ......» . . . 3
Patent, sp rin g . . . 4
1903.
40%
44
F ollow ing are the closing quotations;
7E6...M MM
ACBEAGK AND CONDITION OF WHEAT ON JUNE 1.
Condition.
DAILY GLOBING FKIOES OF wo. » MIXED OORW IN N E W F O R 1C.
Hat.
We<t.
Mon.
fV M
T hu rs.
Pr\.
C a s h c o r n f. o . b ............. 671*
57
56 %
ce%
56
56
J u l y d e l i v e r y In e l e v ___
f 6*1,
66%
16%
66%
66 is
5614
53%
8ept. d e l i v e r y In e l e v ........ 5 4 %
54
54%
54%
54*8
DAILY GLOBING PRIOBB OF NO. 8 MIXED OOBN IN C H I C A G O •
1311
Condition.
J une 13, 1903.J
w h eat
5,394 95 5,738
4,349 90 3,964
3,424 100 3,604
*630
*601 65
*93f 95 *1,094
*352 93
*379
*833 97
*767
*404 98
♦412
1,067
1,063
93
91
92
88
92
95
95
89
0,210 85
4,528 79
4,005 83
1,173 98
1,216 96
*505 100
*686 102
*350 84
1.023
79-1
4,906
a,689
a ,920
a ,007
1,397
*616
*555
*540
569
95
94
93
96
•. . .
94
....
9o-H 17,257 95-4 17,621 92-0 19,656 873 10,859
w h eat
Total a l l ..............
Per cent o f inc. or
dec. In acreage__
50,364
40,202
+9-0
-7 '4
49,896
+17-4
920
4a,495
....
-4-7
....
T h r e e c ip h e r s (0 0 0 ) o m i t t e d f r o m a c r e a g e fig u r e s .
* N o t I n c l u d i n g w in t e r - w h e a t a o r e a g e i n c l u d e d u n d e r “ o t h e r w i n t e r ”
T h e t o t a l r e p o r t e d a r e a in o a t s Is a b o u t 2 7 , 7 3 2 ,0 0 0 a o r e s . a r e d u c
t io n o f 9 2 0 ,0 0 0 a c r e s , o r 3 2 p e r c e n t , f r o m t h e a r e a s o w n l a s t y e a r .
T h e a v e r a g e c o n d i t i o n o f o a t s o n J u n e 1 w a s 8 5 -n , a g a i n s t 9 0 -6 o n
J u n e l . 1 9 0 2 , 8 5 -3 a t t h e c o r r e s p o n d i n g d a t e in 1 9 0 1 , a n d a t e n - y e a r
a v e r a g e o f 9 0 '2 .
T h e f o l l o w i n g t a b le s h o w s f o r t h e t e n p r i n c i p a l o a t s S t a t e s t h e a c r e
a g e o o m p a r e d w it h l a s t y e a r , o n a p e r c e n t a g e b a e is , a n d t h e c o n d i t i o n
o n J u n e l in e a c h o f t h e la s t t h r e e y e a r s , w it h t h e t e n - y e a r J u n e
average.
Acreage com- ,---------------- Condition June 1 .-----------------,
pared with
hut year.
States—
I l l i n o i s .....................
I o w a ................. .........
W i s c o n s i n ................
M in n e s o t a ...............
N e b r a s k a ..................
I n d i a n a ......................
N e w Y o r k ................
P e n n s y l v a n i a ___
O h i o ............................
M i c h i g a n .................
91
96
102
101
102
88
99
98
89
96
Ten-year
1902.
95
98
100
95
85
90
91
78
82
91
1903.
79
91
98
95
90
79
69
77
74
85
average.
1901.
78
94
91
93
85
82
92
92
88
90
92
96
95
95
85
90
93
89
87
90
8 5 '5
90 6
8 5 -3
U n it e d S t a t e s ____
9 0 -2
9 6 -8
T h e a c r e a g e r e p o r t e d a s u n d e r b a r l e y e x o e e d s t h a t h a r v e s t e d la s t
y e a r b y a b o u t 3 3 0 , 0 0 0 a o r e s , o r 7 -l p e r c e n t . T h e a v e r a g e c o n d i t i o n
o f b a r l e y Is 9 1 -5 , a g a i n s t 9 3 -6 o n J u n e 1, 1 9 0 2 , 9 i -0 a t t h e c o r r e s p o n d
in g d a t e in 1 9 0 1 a n d a t e n y e a r a v e r a g e o f 8 S’ ?.
T h e a o r e a g e u n d e r r y e s h o w s a r e d u c t io n o f 3 6 p e r o e n t f r o m th a t
h a r v e s t e d l a s t y e a r . T h e a v e r a g e c o n d i t i o n o f r y e is 9 0 - 6 , a g a i n s t 8 8 -1
o n J a n e 1 , 1 9 0 2 , 9 3 9 a t t h e c o r r e s p o n d i n g d a t e In i 9 0 1 , a n d 8 9 -0 t h e
m e a n o f th e c o r r e s p o n d in g a v e r a g e s o f th e la s t te n y e a r s .
Tfle m ovem ent o f breadstuff a to m ark et as in d ica te d in the
statements b e lo w Is prepared b y us fr o m figures collected
by the N ew Y ork P roauoe E xchange, The reoelpts at
W estern lake and river ports fo r the week ending Jnne 0,
tad since A u g . 1, fo r eaoh o f the last th ree years h ave been :
Receipt* at—
Wheat.
Flour.
Oorn.
Oats.
Bye.
Barley.
Bbls. 106 lbs Bush.6 0 Un Hush.56 lbs flush.32 lbs
Jkleago.......
■iilwsukos.
112.780
91,700
113,600
M in n eap olis.
,)a t r o I t .........
J le v e la n d . . .
St. Lout» ....
P e o r ia ...........
6,500
11,251
34,315
14,775
taauas City.
T0t.wk.190S
lame vrk.’oa.
la m e w k .’Ol.
884,777
381,460
388,306
flush.48lb* Bu.50 lbs.
1,764,975
189,705
12,500
161,000
289,900
14,400
385
33,841
0,192
41,100
11,590
S93.450
2,140
68,600
74,829
161,000
5,000
257,180
31,300
4,000
244,COO
221,944 3,070,835
23,760
08,640
129,758
80,240
1,195,100
435,842
63,200
79,328
64,888
201,920
20,499
869,150
140,077
062,000
18,600
84,800
53,600
1,981,601 4,987,866 8,207,335
2,778 901 8,379,327 8,137,001
8,684,653 4,842,308 4,800,518
418,550
199,102
158,390
50,822
46,000
81,747
*inc* Aug. 1.
1602*03........ 17.711.481 228,431,243140,070,321 164,411,811 52,281.378 9,577,110
IS01-02....... 18.359.878 810,325,120111,827.093 183,977,405 29,839,972 4,681,470
1000-01...
17,310,859 204.941.138 186,438,584162,865,998 28.886,020 8,628,908
The receipts of flour and grain at sue seaboard ports tor
the week ended June 6.1903, follow:
SMItPts at —
S tw York...............
B oston ................ .
M ontreal..............
Philadelphia.,... . . . . .
Baltim ore.......... .
Klekmond............
dew O r le a o t.„........
Newport N evs.. . .. ..
Daiveston.................
M ob ile.....................
Portland. M e ...........
T o ta l weak...
W eek 1908..............
Ftour,
tPhset,
8Ms.
hush.
689,300
207,183
802,442
27,434
41.394 1.074,300
109,808
68,881
48,139
86,025
34,240
2,000
IOC.000
9,784
12,127
87,600
804
268,924
714
G»ra,
b4
u0sh
0
,64
04
0
65
.4
1
9
7
,1
4
7
1(9,311
23
02
7,2
,13
84
7
48,000
700
Cats,
5h3u4sh
.30.0
16
48
7,2
,30
90
3
7718,7
,240
600
3
18,1
38,200
.
29,533
.................. ..
999,816
465,966 8,004,663 1,300,683
836,917 1,809,637
869.987 8,731,899
Barley
buih.
Bye,
1,126 171husk
,900
70
01
0
,0
0
0 88,3
12
9
,0
3
4
1.600 68,829
............. •
•••••••
••• ••••••••
•
• ••
24,869 857,280
81.644 184,046
THE
1312
C H K O N 1C L E
T o ta l re c e ip te a t p e rt* fr o m J a n . 1 t o J a n e 6 co m p a r e as
fo llo w s f o r f o u r y e a r s :
Receipt OJ—
rionrM............................ b b ll.
1908.
9,038,99?
W heat.......................... bush. 48,388.309
Corn..............................
*•
56,333,047
Oat*.................................
'• 23,163,754
B arley............................
••
1,931,882
Bye..................................
"
2.414,300
Total araln.........
•• 186,850,242
1908.
8,745,771
1001.
9,4l6.0c6
1900.
9,415,390
44.791,716
8 041,234
18,510.095
1,470,934
1.312,971
61,078 519
74,033.^27
83.615,0'3
2,731,228
1,537,001
37,174,778
80,635.609
30,516,742
6.280,783
1.250.167
76.180,000
171,050,746
165.8J8.082
T h e e x p o r ts fr o m th e s e v e r a l s e a b o a rd p o r ts f o r th e weefe
en d in g Ju n e 6 ,1 9 0 3 , a re s h o w n in th e a n n e x e d sta te m e n t:
Wheat,
JRxporte from — buth.
502.078
Boiton.............. 225,295
Portland, M e . 263,924
Philadelphia.. 8 8 / 0 0
Baltim ore........
8,000
New O rlea n s.. 186,000
Hewo’ rtN e w f .........
Montreal....... 1,183.407
O alT e sto n ..... 264,000
M obile..............................
New Y ork.......
Total week . 2,664,099
Same time ’02..2,679,898
Corn,
buih.
499,477
116
61,423
61,765
8,670
824,721
940,080
37,045
O sts,
buth.
38,082
H o u r,
bbls.
90,870
10,978
714
101,589
49,854
88,857
12,127
88,876
4,408
864
359,937
389,782
P sas,
b u lk .
8,358
R ye,
* u ih .
68,223
Rerlit
bulk.
.............
81,486
____
8,035
47,083
'28,008
55,624
......
118,763
270,173
143,849
45,032
2,081,699 115,201.877
2,679,898 181,868,472
28,898
8,197
55,824
.............
948.080 60,979.179
37,045 24,578.657
Wheat,
1 b «t t r t a t —
bush.
**17 York......... ........... 1,246,000
Do
a flo a t... .. .
650.000
Boston. ................... .
245,000
Philadelphia..............
188.000
Baltimore....................
, 831,000
Neit Orleans.
....
SaiTetton ................... »
345,000
Montreal......... ...
19,000
fforoctc........................
3uflalo........................... 1,203,009
Oern,
bulk.
644,000
619.000
• •• ...
179,000
4,000
494,000
T o le d o ...................
251,000
430,o66
280,004.
S etroit............. ..........
208,000
11,000
20,000
8,000
Okieago......................... , 3,918.000
Do
a f lo a t ...,,.
499,050
M ilwaukee...................
1 ,137,066
475,008
126,066
t. (
8,000
204,000
•••• ....
4,000
127.090
r L W lll’m A P t, Arthur 2 . 043.000
2.C08.00C
D u lu t h ...............
Do
afloat.........
Minneapolis.......... . . 0 399.006
, 266.000
S t.L o u is . ..............
Do
afloat......... .
688,066
K s n i a e C l t j * ............
38,000
Peoria............................
147,000
Indianapolis...............
............
on MississippiRlTor
412,000
On Lak es..................... .
On canal and r t r o r ,. . 836,000
*7- -
28,001
22,711.000
24 508.000
26,091,000
35,202,000
44 407,000
Oats,
busk.
625 non
25 000
10,000
10,000
92,000
260,000
223,000
193,010
252,000
48 000
DRY
25,000
2,000
65,000
1,000
.......
30,000
24,000
43,000
805 ,660
5,000
59.000
76,000
835.000
35,000
02,000
13.000
13,000
102,000
111,000
30,000
119 000
23,000
»T#s
25,000
2,008
100,000
429,000
871,000
238,000
59,000
4,931,000
4.880,00C
4,201,000
10 040,000
11,223,000
4,212.000
4,802,000
2,483,000
10,538,000
6,074,000
801,000
1,072,000
£99,000
698,000
899,000
1,128,666
GOODS
I3a.Mii
* ' ‘t> ,
69.00C
...........
........
1,000
* Kansas C it y — Last week’s stocks; this week's not
THE
has t.
68.000
11,000
51,000
Isw
.....
T h e v is ib le s u p p ly o f g r a in , c o m p r is in g th e a took s ii
g ra n a ry a t th e p r in c ip a l p o in ts o f a c c u m u la tio n at la k e anr
se a b oa rd p o r ts , J u n e 0, 1903, w a s as fo llo w s :
June 6 ,1 9 0 3 ..
May 30,1903..
June 7,1902..
June 8,1901..
June 0,1900..
D omestic C otton G oods.— T h e e x p o rts o f c o tt o n g o o d s
fr o m th is p o rt f o r th e w eek e n d in g J n n e 8 w e re 5,199
p a ck a g es, v a lu e d at $263,663, th eir d e stin a tion b e in g t o th e
p oin ts specified in th e tab les b elow :
................................
000
.---------- Flour.-----------, ,----------Wheat.---------- 1 ---------- -Corn.----------M xporU for
W tth Since July
Week 8inee July
Week Since J u iweek and fines June 6.
1,1902,
June 0. 1, 1002.
J utu 8.
1, 12 CS
July 1 to—
bble.
bble,
bush.
bush.
buth.
oush
United Kingdom 187.no 9.690,785
1,744,578 64,977,192
402,238 32,189,099
Oontlnent............ 118227 2.735,618
920,181 48,435,350
857,208 82,070,36 J
117
105,441
a. A C. Am erica. 21.786
933.428
............
30,983
22,241
780,046
W est Indies.......
29 3-9 1,180,375
.............
602
110
23c,105
B r .N . A m - C o lo ’ s
618
176,603
.............
1,600
134,083 1,538,076
O th e r e o o n t r ie s
4,267
867,677
............
1,758,139
Total
Tota
2otsl
Totai
Total
q u ire th em later on , T h e to n e o f th e m a rk et and p rices c o n
tin u e irreg u la r. A n u m b e r o f w e ll-s o ld -u p sta n d a rd lines are
d e c id e d ly firm in p r ic e , b u t th ere is pressure to sell a n d w e a k
n ess in som e oth er qu arters. O v ercoa tin g s and clo a k in g s have
been w ith o u t fe a tu re o f p a r tic u la r in terest. A fe w n e w lig h t
w e ig h t su itin g s h a v e been s h o w n fo r n ex t sp rin g , b u t o n ly
in lo w -p r ic e d g ood s. T h e m a rk e t f o r w o o le n an d w o rs te d
d r e s s g o o d s is g e n e ra lly firm in ton e, w ith a q n ie t b u sin ess
passin g.
88,533
........
T h e d estin a tion o f th ese e x p o r ts fo r th e w e e k a n d oinor
J u ly 1 ,1 9 0 2 , is as b e lo w :
T o ta l................. 356.987 16,574,411
Total 1 9 0 1-02.... 839,722 14 004,548
[V ol . LXXYI.
2,000
93.00
2,000
..........
T
___ t .
20,000
674,000
930,00 J
402.UO0
095 00 f
761.0C0
obk
to
Ju
n es
1903.
1903.
W eek . fiin c t J a n 1.
W eek. V in ce J a n . 2
.
O r e s t B r i t a i n ___ „„ __________
O th e r S u r o p e a n . .
O h in a —
....... ... ........ ....................
iH illfc. essses lessee ■mmmmc eaaacn
4 r a b l a . ^ ^ ... ........... ............ ....
A f r ic a — ____ ______________ . . . .
W e s t I n d i e s ........................... ...
M e x ic o ......... — . . . . .
C e n t r a ! A m e r ic a ....... ................
S o u th A m e r i c a .. . . ........... .
o t h e r O o u n t r l e i . ^ . ^ ___ ____
T o t a l ___________________ ____
33
16
27
4 ,3 9 5
600
1
472
86
S ll
918
300
1 ,1 0 3
691
1 0 2 ,5 2 3
6 ,3 6 4
1 7 ,9 0 3
4 ,4 7 5
1 4 ,2 4 0
1 ,3 7 4
5 .4 7 1
2 8 ,2 6 6
4 ,7 4 7
6
409
20
179
1 ,0 6 6
935
1 ,2 0 3
636
6 2 ,1 6 5
9 ,0 9 6
1 0 ,4 9 1
4 ,7 4 3
1 1 ,1 5 5
1 ,1 1 5
3 .6 1 1
2 2 ,4 5 8
6 ,5 9 6
5 ,1 9 9
1 8 7 ,1 5 7
7 ,6 5 3
1 3 3 ,2 6 9
2 ,6 7 8
390
T h e v a lu e o f th e s e N e w F o r k e x p o r t s sin ce J a n . 1 t o da te
has b een $7,930,34:9 in 1903, a g a in s t $6,072,373 in 1902.
B usiness in h e a v y -w e ig h t b r o w n sh eetin gs an d d rills has
been q n iet o n h o m e trade a c c o u n t , w ith n o d em a n d o f a n y
m o m e n t fo r e x p o r t. P r ic e s are v e r y firm an d a d v a n cin g in
m o st m akes. C u rren t ord ers fo r b le a ch e d m u slin s are o f
m o d e ra te e x te n t o n ly , b u t q u ite su fficien t to k eep th e m a rk et
in e x c e lle n t shape so fa r as su p p lies are c o n c e r n e d fr o m the
sellers’ p oin t o f v ie w an d d e cid e d ly firm in p rice. C a m b ric
m u slin s an d w id e sh eetin g s a lso are v e r y firm . T h e d em a n d
fo r d en im s an d tick in g s keeps ahead o f cu r r e n t su pplies, and
p rices ten d a gain st bu yers. P la id s, c h e v io ts an d co tto n a d e s
are a lso d ifficu lt to b u y at cu r r e n t q u ota tion s. D u ck s are
v e ry firm an a o c c a s io n a lly 3^c, t o % c. p er y a r d dearer in
“ o u n c e ’ g o o d s. C o tto n lin in g s are firm b u t q n iet. S taple
p rin ts h a ve been in stea d y requ est f o r m od era te q u a n tities at
fu ll p rices. F a n c y ca lic o e s are q n ie t an d u n ch a n g e d . G in g
h am s are in a v e r y firm p osition th ro u g h o u t. P rin t c lo th s
are v e ry firm . R e g u la rs 3J^c., w ith bu sin ess d on e th erea t.
O dds a re in fu lle r d em a n d th an su p p ly.
F oreign D r y G oods,— G en era l bu sin ess has b een q n iet.
F in e g r a d e dress g ood s, silk s an d rib b o n s are firm in p r ic e .
L in e n s s h o w n o ch a n g e . B u rla p s q n ie t an d u n a ltered .
Im p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls o t D r y G o o d s
T h e im p o r ta tio n s a n d w a r e h o u s e w ith d r a w a ls o f d r y g o o d s
a t th is p o r t f o r th e w e e k e n d in g J u n e 4, 1903, a n d s in o e
J a n u a ry 1, 1903, a n d f o r th e c o r r e s p o n d in g p e r io d s o f la st
y e a r are as fo llo w s :
H B H
o
s *
»u 5
1
&
,>r
" §•*
«2
oS §„p
* ZZ £
—“ . o —
os l!
©J
» t
received.
g:
T RA DE .
N * w Y o r k , F r i d a y , P , M ., J u n e 12, 1903,
S ellers h a v e a ga in b een in c o n t r o l o f th e co tto n g o o d s m ar.
b e t in n ea rly a ll d ep a rtm en ts, an d th e a m o u n t o f b u sin ess
d on e th is w e e k has b een p r a c tic a lly r e g u la te d b y th em , T h e
d em a n d has n o t b een b y a n y m ea n s a ctiv e , b u t it has been
fu lle r th an sellers h a v e b een w illin g to m e e t at p rices b u y e rs
w e re w illin g to p a y . A n d y e t th e la tte r h a v e h a d to p la ce
ord e rs at h ig h er p rice s th an p re v a ile d a w e e k a g o in a n u m
b e r o f d ire ctio n s. S ellers h a v e fu r th e r raised th eir lim
its in m a n y in stan ces w ith o u t op e n ly ch a n g in g th eir q u o
ta tion s, p a r tic u la r ly in co n n e c tio n w ith fo r w a r d co n tra cts.
C u rta ilm en t o f p r o d u c tio n is sp rea d in g b y m ills v o lu n ta r ily
sh u ttin g d o w n , an d has been aid ed by th e strik e in P h ila d e l
p h ia a n a th e d e stru ctio n o f several im p o r ta n t S o u th e rn m ills
b y flood s. T h e re is n o p rosp eot o f c o t t o n g o o d s b e c o m in g
p le n tifu l, ev en th o u g h th e d e m a n d f o r th em sh ou ld p rov e
p o o r on h om e a c c o u n t an d as in sig n ifica n t fo r e x p o r t as it
has been o f late, n o r an y lik e lih o o d o f lo w e r p rices fo r a c o n
sid era b le tim e to c o m e , b u t th is does n o t stim u la te b u y e rs to
a n y e x te n t an d th e y fo l lo w a d v a n ces v e ry r e lu cta n tly . B u si
ness w ith jo b b e r s is n o t s a tis fa c to r y in n u m e ro u s d ire ctio n s,
an d tak en as a w h o le is re g a rd e d as fa llin g b e lo w th e a v e r
a g e fo r th e tim e o f y ea r.
W oolen G oods ,— T h e w o o le n g o o d s situ a tion does n o t
g r o w an y m o re s a tisfa cto ry so fa r as m e n ’s w ea r fa b r ic s are
con ce rn e d . B usiness sh ow s som e in crea se, b u t it is n o t o f a
ch a r a c te r to su g g est an y fr e e b a y in g m o v e m e n t in th e near
fu tu r e , su ch as is b a d ly n eed ed t o h elp o u t q u ite a n u m b e r o f
sellers fo r th e ba la n ce o f th e season, In spite o f th e fa c t
th a t th ere is m u c h m a ch in e ry id le ju s t n o w , p a r tic u la r ly in
th e w o r s te d g o o d s d iv isio n , a n d th a t su p p lies are co n sid e r
a b ly sh orten ed th ereb y , c lo th ie r s an d o th e r p u rch a sers sh o w
n o a n x ie ty as to th e ir a b ility to secu re g o o d s , as th e y m a y re
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THE
J une 18, 1903.]
1313
CHRONICLE
Denver, Colo.—Bond Call.—D. A. Barton, Auditor, and C.
S. Elder, Treasurer of the City and County of Denver, called
State aim® City department. for
payment June 1, 1908, the following bonds :
Index.
An index to all the news matter appearing in this Depart
ment for the period from Jan. 3, 1903, to March 28, 1908, in
clusive, was published in the Chronicle of April 4, 1903,
pages 774, 775 and 776.
News Items.
Cass County, Mo.— Judgment Revived.—The following is
from the St. Louis “ Globe-Democrat
K a n s a s C i t y , M o ., May 20.—Judge Philips of the Federal Court to-day re
vived Judgm ent for *6l,0u0 against Cuss Co., Mo., rendered May 10, 1890. The
judgment was secured by N. Helen Paramore of Massachusetts, holder of
twelve promissory notes of * 1,000 each, bearing 10 * Interest from the time of
their execution. Feb. i. 1 8 <1 . The notes were given by the county to the
Clinton A Kansas City branch ot the Tebo A Neosho Railroad, and were pay
able at the National Park Bank of New York twenty years after date. The
road was never built.
Connecticut.—Savings Bank Bill Signed.—The Governor
on Jane 9 signed the bill legalizing as investments for savings
banks the following securities :
The Terminal Railroad Association of 8t. Louis general mortgage
refunding 4 per cent sinking fund gold bouds of 1953 and the mort
gage bonds heretofore issued which said general mortgage bonds are
to retire at maturity.
The St. Louis iron Mountain A Southern Railroad Company, River &
Gulf Division, first mortgage 4 per cent gold bonds due May 1, 1933.
The Buffalo & Susquehanna Railroad Company first mortgage 4 per
oent gold bonds due 1951.
Also in the general or consolidated mortgage bonds Issued by the
Lou'sville & Nashville Railroad Company to retire all of the outatandingtpiior mortgage bonds secured upon the property covered by
such general or consolidated mortgage; and in the mortgage bonds
hitherto issued whioh such consolidated or general mortgage bonds
are to retire at maturity.
Florida.—Quadrtnnial Sessions of Legislature.—The State
Senate on May 18, by a vote of 25 to 5, passed a resolution
submitting to a vote of the people a constitutional amend
ment providing for quadrennial sessions of the State Legisla
ture instead of biennial as at present.
Grant, County—Luna Comity, N. M.—Apportionment of
Debt.—The commission appointed to adjust the indebted
ness of Grant and Luna counties has completed its labors
and has apportioned $160,814 28 to Grant County and $51,654 83 to Luna County. Luna County was created by Chap
ter 38, Laws of 1901, out of portions of Grant and Dona Ana
counties.
Hillsborough Co., Fla.—Bond Litigation.—A friendly suit
has been instituted to restrain the sale of the $50,000 4% gold
road bonds awarded on May 25 to the Citizens’ Bank & Trust
Co. of Tampa. These bonds are part of a $400,000 issue pro
posed to be nut out for road purposes, and the purpose of the
suit is to determine for all time all doubtful points relative
to the’ securities.
Stanley County, N. C.— Bonds Valid.—The United States
Supreme Court on June 1 handed down a decision holding
^Rlid $100,000 railroad-aid bonds of this county.
T jler, Tex.—Judgment Paid.—W e are advised by R. P.
Dorough, City Attorney, that the St. Louis Southwestern
Railway Co. has abandoned its appeal and has paid the judg
ment rendered last fall against the road in the Jlower court.
As stated in V. 75, p. 751 and 254, this company resisted the
payment of taxes levied for the purpose of paying the interest
and creating a sinking fund on bonds issued by the city,
claiming that the city had no right to issue these bonds,
Since the railway company did not carry the case to its final
decision, the Tyler Building & Loan Association—a loan
company of Tyler—refused to pay the taxes due on its prop
erty and suit has been filed against this company. A decision
is expected in August.
Wilkes County, N. C.—Bonds Valid.—The United States
Supreme Court on May 18 decided the case of Wilkes County
(N. C.) vs. Coler and others, involving the validity of rail
road bonds issued by the county in aid of railroad construc
tion, in favor of the validity of the bonds under the State
ordinance of 1868. See V. 72, p. 797, 637; V. 67, p. 1121.
Bond C a l l s and Redemptions.
Butte School District No. 1, Silver Bow County, M ont,—
—Bond Call. —This district called for payment June 1 $50,000
bonds of 1893, Nos. 1 to 50, inclusive. We are advised that
the money is on hand to redeem these bonds and that they
will not, therefore, be refunded.
Cheliaiis County, Wash.—Bond Call.—Carl S. Weatherwax, County Treasurer, called for payment May 24 at the
Chase National Bank, New York City, funding bonds Nos.
29 to 38, inclusive. Denomination, $500,
Chicago, 1 1 1 .—Assessment Bonds Called.—L. E. McGann,
City Comptroller, gives notice that in accordance with the
provisions of an ordinance of the City of Chicago duly passed
and approved, and pursuant to the provisions of Section 43
of an Act of the General Assembly of the State of Illinois,
entitled “ An Act Concerning Local Improvements,” approved
June 14, 1897, and in force July 1, 1897, it has been ascer
tained that there has been collected and is now applicable to
the payment of special assesment bonds (not matured)
amounts sufficient to liquidate numerous bonds, which have
been selected by lot and are called for payment according to
law. The list of bonds so drawn is a lengthy one and cannot
be published here in detail. Mr. McGann should be ad
dressed by those holding special assessment bonds.
S E W E R BONDS.
B r o a d w a y S to r m 8 e w o r D ls t . N o . 1— B o n d s N o s . 49 a n d 50, I n c lu s iv e .
C a p it o l H i l l S to r m S o w e r D ls t. N o . 1— B o n d s N o s . HO t o 135, i n c l u s i v e .
Hub D ls t. N o . 6 o f t h e C a p it o l H ill S t o r m S e w e r D ls t. N o . 1—B o n d N o . 8.
S u b D ls t. N o . 19 o f t lie C a p it o l H ill S t o r m S e w e r D ls t . N o . 1— B o n d N o . 7.
s u b D ls t. N o . 20 o f t h e C a p it o l U 111 S t o r m S e w e r D i s t . N o . 1— B o n d s N o s . 7
a n d 8.
S ul) D ls t. N o . 21 o f t h e C a p it o l l l l l l S t o r m S e w e r D i s t . N o . 1— B o n d N o . 4.
S u b D ls t. N o . 22 o f t h e C a p it o l H ill S t o r m S e w e r D ls t. N o . 1— B o n d N o . 8.
S u b D is t . N o . 23 o f t h e C a p it o l H i l l S t o r m S e w e r D ip t . N o . 1 - B o n d N o . 2.
S u b Dist.. N o . 24 o f t h e C a p it o l HU1 S to r m S e w e r D ls t. N o . 1— lio u d s N o s . 1 t o
3, in c lu s iv e .
N o r t h D e n v e r S a n it a r y S e w e r D ls t. N o . 3— B o n d s N o s . 23 t o 2 1, I n c lu s iv e .
N o r t h D e n v e r S a n it a r y S e w e r D ls t . N o . 4— B o u d s N o s . 3 a n d 4.
R A V IN G B O N D S .
B r o a d w a y P a v i n g D ls t . N o . 1 — B o n d N o . 9.
B r o a d w a y P a v i n g D ls t. N o . 2— B o n d s N o s . 40 t o 49, I n c l u s i v e .
C h a m p a S t. P a v i n g D is t N o . 1 - B o n d s N o s. 42 t o 44, in c l u s i v e .
C o lt a x A v e . P a v i n g D in t. N o . 1— B o n d s n o s . 77 t o 8 » . I n c l u s i v e .
F i f t e e n t h S t. P a v in g D is t. N o . 1— B o n d s N o b . 50 t o 52. I n c lu s iv e ,
H ail w a y I m p r o v e m e n t D is t. o f t h e B r o a d w a y P a v i n g D is t. N o . 2— B o n d s N o s .
14 t o 20, I n c lu s iv e .
R a ilw a y i m p r o v e m e n t D is t. o f t h e l o t h S t. P a v i n g D ls t . N o . 1— B o n d s , N o s .
14 t o 28. in c l u s i v e .
R a i l w a y I m p r o v e m e n t D ls t . o f t h e C o l f a x A v e . P a v i n g D is t. N o . 1— B o n d s
N o s . 05 t o 70, I n c lu s iv e .
G R A D IN G A N D C U R B IN G B O N D S .
C a p it o l H ill G r a d in g a n d C u r b in g D ls t. N o . 1— B o n d s N o s . 85 t o 91, I n c l u s i v e
N o r t h D e n v e r G r a d in g D is t. N o . i — B o n d s N o s . 1 t o 4, i n c lu s iv e .
U n io n A d d i t i o n G r a d in g D is t .— B o n o s N o s . 1 t o 17, I n c lu s iv e .
Call is also made for July 1, 1903, of the following :
B o n d s N o s . 279 t o 311, I n c lu s iv e , o f p u b l i c i m p r o v e m e n t b o n d s . S e r ie s “ A , ”
e f t h e c i t y o f D e n v e r , A r a p a h o e C o u n t y , C o lo ., d a t e d S e p t . 1, 1889.
B o n d s N o s . 4 3 L t o 45d, i n c l u s i v e , o f p u b l i c i m p r o v e m e n t b o n d s . S e r ie s “ A , ” o f
t h e c i t y o f D e n v e r , A r a p a h o e C o u n t y , C o lo ., d a t e d J a n . 1, 1892.
B o n d s N o s . 137 t o 170, I n c lu s iv e , o f p u b lic I m p r o v e m e n t b o n d s . S e r ie s “ B , ” o f
t h e c i t y o t D e n v e r , A r a p a h o e C o u n t y , C o lo , d a t e d J u l y 1 ,1 8 9 1 .
B o n d s N o s . 1 t o 6, in c l u s i v e , o f w a t e r b o n d s o f t h e t o w n o f B a r n u m , A r a p a
h o e C o u n t y , d a t e d J u l y 1, l t 9 3 .
Upon request from the holders of any of the above bonds
ten days before the expiration of this call, the City Treas
urer will arrange for their payment at the Mercantile Trust
Co., New York City, but not otherwise.
Des Moines, Iowa.—Rond Call.—H. F, Gross, City Treas
urer, called for payment June 8 at his office renewal funding
bonds of 1888, Nos. 140 to 149, inclusive.
Dimmit County Tex.—Ronds Redeemed.—This county on
May 25 redeemed $3,200 outstanding refunding bonds.
Evanston Township ( 1 1 1 .) High School District.—Bond
Call.—Ccnrad H. Poppenhnsen, President Board of Educa
tion, calls for payment Sept. 1 at the First National Bank of
Chicago bonds Nos. 91 to 100, inclusive, of $500 each, issued
Sept. 1, 1891.
L o g a n Township, Sheridan County, Kan.—Bond Call —
Anton Jepson, Township Treasurer, calls for payment July
1 in New York City bonds Nos. 1 to 18, inclusive, in denomi
nation of $1,000, issued Sept. 1, 1889, in aid of the Lincoln
& Colorado Railway.
Mnltnomah County, Oregon.— Warrant Call.—Solan M.
Lewis, County Treasurer, has called for payment oonnty
warrants Class “ 36” drawn upon the general fund, that were
presented and indorsed “ Not paid for want of funds.”
ud to and including Sept. 30, 1902; also Class “ C” warrants
on road fund up to Sept. 18, 1902.
Newport, Ky.'—Bonds Purchased by Sinking Lund.—The
Sinking Fund Commissioners purchased on May 25 $18,000
outstanding 3'65£ refunding water-works bonds, maturing
in 1931.
South Omaha, Neb.—Warrant Call.—City Treasurer Howe
recently called for payment about $60,000 school and $6,000
city warrants.
Bond Proposals and Negotiations this
week have been as follows :
Adrian (M ich.) School District.—Bonds Defeated.—This
district has voted against the issuance of $50,000 schoolbnilding bonds.
Afton (Iow a) Independent School District.—Bond Sale —
At private sale this district on May 11 sold $5,000 5£ school
building bonds to^George M. Bechtel & Co., Davenport, Iowa,
at 102. These bonds were offered but not sold on May 1.
Akron, Ohio.—Bonds Authorized.—The City Council on
June 1 passed an ordinance providing for the issuance of $19,000 4% 10-year refunding bonds, Denomination, $1,000. Date,
JuneS, 1903. Interest, semi-annually at the National Park
Bank, New York City.
Ana Arbor (M ich.) School District.—Bonds Voted,—At
a special election held May 25 this city voted to issue $20,000
school bonds by a vote of 32 to 1.
Ansonia (Ohio) Special School District.—Bond [Sale.—
On June 8 the $18,000 b% 1-18-year (serial) school bonds de
scribed in V. 76, p. 1208, were awarded to the New First Na
tional Bank of Columbus at 103‘88S and interest. Following
are the bids :
New 1st Nat.Bank,Columbus. 118,700 00 |Seasongood & Mayer, C ln ... .118,650 00
Farmers’ N at.B’k, Greenland
Denison. Prior A Co.. CleveSecond Nat. B'k,Greenville. 18,654 80 I land and Boston................... 18,112 50
Arlington, S. Dak.— Bond Sale —The $t,5'J0 5£ 10-30-year
(optional) water bonds offered for sale last fall have been
sold to the State Permanent School Fund at par.
Asheville, N. C.—Bond Sale.—On June 3 "the $4 0,000 Qffi
30 year refunding bonds described in V. 76, p. 1154, were
awarded to C. A. Webb & Co. at par.
Ashtabula (Ohio) School District.—Bond Offering. —The
Board cf Education—James Reed, Clerk—will sell at public
auction at 2 p. M., June 16, $12,000
bonds. Authority,
Section 3991, Revised Statutes of Ohio. Dsnomination, $500.
Interest, April 1 and October 1. Maturity, $1,000 each six
I# 1314
THE CHRONICLE,
months from April 1, 1904, to Oct. 1, 1909, inolusive. Certi
fied check for $100 on a national bank required. These bonds
were offered as 4 per cents on May 12 but not sold.
Attica, Ohio.—Bonds Authorized,—The Village Council on
May 11 passed an ordinance providing for the issuance of
$6,000 5% electrio-light-plant bonds. Denomination, $1,000.
Interest, March 1 and Sept. 1 at the banking house of Blair
& Co., New York City. Maturity, $1,000 yearly on Sept. 1
from 1915 to 1920, inclusive,
Autauga County, Ala.—Bonds Proposed.— The issuance of
$100,000 road bonds is being considered. As the election to
vote these bonds has not yet been called by the County Board
of Revenue, the date for their issuance is quite indefinite.
Avalon, Allegheny County, Pa.—Bona Sale.—On June 4
the $10,000 street, $5,000 sewer, $25,000 borough-hall and
$15,000 funding street and sewer (total $55,000) 4$ bonds de
scribed in V. 76, p. 1099, were awarded to Lawrence Barnum
& Co,, New York City, at 100*66. This was the only bid re
ceived.
Azusa, Cal.—Bonds Voted.—The election held May 28 re
sulted in 92 votes being cast in favor of and 14 against the
proposition to issue $10,000 city hall bonds.
Baker County (Ore.) School District No. 61.—Bond Sale.
—We are just advised that on May 10 the $1,500 5£ 15-year
bonds described in V. 76, p. 936, were awarded to S. A. Kean
of Chicago at par.
Baldwin County, Ala.—Bond Election Proposed.—The
County Commissioners are considering the question of hold
ing an election to vote on the question of issuing $200,000
road bonds.
Bamberg, S. C.—Bonds Voted.—This town has voted to
issue $10,000 0$ school-building bonds.
Barberton (Ohio) School D istrict.—Bond Offering .—Pro
posals will be received until 3 p. m., June 20, by the Board of
Education—U. G. High, Clerk—for $40,000
coupon bonds.
These bonds were authorized at an election held May 29 by a
vote of 119 to 78. Denomination, $2,000. Date, June 20,
1908. Interest semi-annually on March 1 and September 1 at
the Treasurer’s office. Maturity, $2,000 yearly from Sept. 1,
1904, to Sept. 1, 1928, inclusive. Each bidder is required to
deposit 5% of the amount of his bid as a guaranty of good
faith. Accrued interest to b9 paid by purchaser.
Barrett, Grant County, Minn.—Bond Offering.—Proposals
will be received until 8 p . m ,, July 6, by the Village Council
—F. W. Powers, President—for $3,000
10-year villagehall bonds. Securities were voted at an election held May 29,
1903. M. P. Thune is Village Recorder.
Beaumont, Tex.—Bonds Approved.—The Attorney-Gen
eral has approved the following securities: $95,000 street pav
ing, $40,000 city hall, $25,000 funding, $75,000 school-house
and $75,000 sewer bonds—an aggregate of $310,000.
Benton Harbor, Mich.—Bond Election,—An election will
be held June 17 to vote on the question of issuing $50,000
bonds to be used in developing the city by way of securing
new factories.
Birnamwood, Wis.—Bonds Not Yet Sold.—We are advised
that the $5,000 15-year water bonds, offered-but not sold early
in May, have not yet been disposed of. The Village Council
has now decided to sell the bonds at private sale without any
further advertising. See V. 76, p. 1154,1047 and 823
Boulder Couuty (Colo.) School District No. 8 .—Bond
Sale.—On June 2 the $30,000 H 5-15-year (optional) school
building bonds described in V. 76, p. 1208, were awarded
equally to the three banks of Boulder at par and interest.
Bremen, Ohio.—Bond Election.—This village will vote
June 15 on the question of issuing $5,000 town-hall bonds.
Bristol, Ya.—Bond Bill Passes Legislature.—The State
Legislature has passed a bill authorizing this place to issue
bonds.
Brockton, Mass.— Loan Authorized.—The Aldermen have
passed a resolution providing for a loan of $80,000 for school
purposes.
Brockton, N. Y .—Bond Sale.—The $10,000 electric-light
bonds offered for sale on May 20 have been awarded to Isaac
W. Sherrill of Poughkeepsie, at 100*50 for 4 per cents. Date
of bonds, July 1, 1903. Interest, semi annually at the Btate
Bank of Brockton. Maturity, $1,000 in five years and $600
yearly thereafter.
Cairo, Ga.—Bonds Proposed.—This town has decided to
ask the next Legislature for authority to issue $25,000 water
works and electric-light bonds.
Caldwell County, Tex.—Bonds Proposed.—The Commis
sioners’ Court is considering the question of issuing $100,000
road bonds.
Canton Union School District, Fulton County, 111.—
Bond Sale.—The $85,000
school bonds described in the
Chronicle Jan. 24 have been sold at private sale to the First
National Bank of Canton at 104,
Canyon City (Tex.) Independent School District.—Bond
Election.— An election will be held in this district to vote on
the question of issuing $12,000 school-house bonds.
Capac, Mich.—Bond Offering —Proposals will be received
until 12 m , June 15, by J. H. Dancey, Village Clerk, for $17,500 4J^$ 24-year water-works bonds. Denomination, $500.
Cass Couuty, Minn.—Bonds to be Issued.—The County
Commissioners have decided, it is stated, to issue $30,000
bonds to complete the court house.
Champaign School District No. 71, Champaign County,
111.—Band Bale.—The $22,000 4$ school bonds described in
V. 76, p. 1100, have been sold to N. W. H irris& C o. of
Chicago.
[VOL. L X X V I.
Champaign County (P. O. Urbana), Ohio.—Bond Offer
ing.—Proposals will be received until 2 p . m ., July 1, by S.
B, Grove, County Auditor, for $8,436 5%ditch bonds as fol
lows :
$840 Proctor ditch bonds of $1*0 each.
672 Foltz ditch bonds of $112 each.
4,440 Beaty and Wilson ditch bonds of $740 each.
1,260 Spruce ditch bonds of $210 each.
324 Neer ditch bonds of $54 each.
900 Zerkle ditch bonds of $150 each.
One bond of each issue will mature every six months, be
ginning Jan. 1, 1904, Date of bonds, July 1, 1903. Interest,
semi-annual.
Chelan County (Wash.) School District No 1.—Bid* Re
jected.—The following bids, both of which were rejected,
were received May 30 for $10,000 bonds of this district:
W . D. Perkins & Co., for 5s.......... 102‘00 |8 . A . Kean, for 6 g . . . . .......................100'25
Chetek, Wis.—Bond Election.—An election will be held
June 17 to vote on the question of issuing $6,000 water-works
bonds. These bonds were once before voted, but the former
election was found to be void on acconnt of illegal publica
tion of notice.
Chicago (111.), Lincoln Park.—Bonds Voted.—Early re
turns indicate tnat the proposition to issue $1,000,000 4#
20 year park bonds carried at the election held June 1.
Chicago (III.) Sanitary District.—Bond Offering.—Pro
posals, addressed to the Board of Trustees of the Sanitary
District of Chicago, will be received until 1 P . m ., June 17,
by S. D. Griffin, Clerk, Room 1110, Security Building, Chi
cago, for $1,500,000 4£ 20-year bonds. Denomination, $1,000.
Date, July 1, 1903. Interest semi-annually at the office of
the Treasurer of the Sanitary District at Chicago. Maturity,
$75,000 yearly from Jaly 1, 1904, to July 1, 1928. Cash or a
certified check of 3g of the amount of the bid, payable to
the order of the Clerk, is required.
Chicago (111.) South Park.—Bonds Voted.—This district
on June 1 voted to issue $3,000,000 park bonds.
Chicago (III.), West Chicago Park.—Bond Sale.—On
June 2 the $250,000 4£ park bonds described in V. 76, p. 1154,
were awarded to the Home Savings Bank of Chicago at 101.
Chicssha, Ind. Ter.—Bonds Voted.—This town on May 23
voted to issue $135,000 5%30-year bonds, of which $75,000 will
be need for water, $25,090 for sewere, $25,000 to pay off
present city indebtednesss and $10,000 for street improve
ments. The vote was 646 for to 13 against the water propo
sition and 648 for and 12 against the other issues. Date of
sale not determined.
Cincinnati, Ohio.—Description of Bonds.—The $500,000
terminal bonds recently authorized by the trustees of the
Cincinnati Southern Railway will be issued in denomina
tions of $1,000, and will be known as “ Series B.” Date of
bonds, July 1, 1908. Maturity, 1965. subject to call after
1943 These bonds, having been offered to and refused by
the Trustees of the Sinking Fond, will now be disposed of
at public sale.
Clarksville, Tenn.—Bond Offering —Proposals will be re
ceived until 12 m ,, June 20, by T H, Marable, Mayor, for
$28,009 4g 10-30-year (optional) refunding water bonds. De
nomination, $500. Date, Jaly 1, 1903. Interest semi-annu
ally at Clarksville or New York City.
Cleveland, Ohio.—Bonds Re-awarded.—The $100,000 4%ele
vated-roadway bonds originally awarded on May 22 to Estabrook & Co. of Boston were re-awarded on June 2 to Deni
son, Prior & Co. of Cleveland and Boston at 102*633. Messrs.
Denison, Prior & Co. were the third highest bidders at the
original sale.
Cohoes, N. Y.—Bond Offering.—Miller Hay, City Chamber
lain, will sell at public auction at 12 m., June 20, $118,276 89
3 ^ registered public-improvement bonds. Date, June 20,
1903. Interest semi-annually on JaD. 1 and Jaly 1 at the
United States Mortgage & Trust Co., New York City. Prin
cipal will mature $56,558 78 Jane 20, 1904; $10,000 Jan. 1,
1911; $10,000 Jan. 1, 1912; $16,801 11 Jan. 1, 1913; $10,000
Jan. 1, 1914, and $14,916 50 Jan. 1, 1915. Authority, Chap
ter 227, Laws of 1898.
Collax (Town), Candiyohl County, Minn.-Bond Offering.
—Proposals will be received until July 11 by the Board of
Supervisors—N. G. Highstrom, Chairman—for $500 5% 10year bonds.
Columbus, Ohio.—Bonds Authorized.—The City Council
on June 1 authorized the following bond issues :
Ordinance No. 21,858—$6,000 4$ Bellows Ave. improvement bonds of $1,000
Ordinance No. 21,359—$12,000 4 $ Sullivant Ave. improvement bonds of $1,000
Ordinance
Ordinance
Ordinance
each.
Ordinance
No. 21,S60-$5,600 i% Trevitt St. improvement bonds of $500 eaoh.
No. 21,8ni—$2,500 4* Noble St. improvement bonds of $500 each.
No. 21,382—$14,000 4% Garfield Ave. improvement bonds of $1,000
No. 21,366—$4,000 4$ Oregon Ave. improvement bonds of $500
Ordinanoe No. 21,368—$3,000 455 Eleventh St. improvement bonds of $500
each.
Date of bonds, March 1, 1903. Interest semi-annually at
office of City Treasurer, Maturity, 10 years; subject to call
after 4 years.
Columbus, Texas —Bond Adjustment.—This city has is
sued to the Woonsocket Iustitufion for Savings $15,000
bonds in place of $25,000 8# bonds issued in 1883 to establish
a water works system. Mr. Carey Shaw, Cashier of the
Simpson Bank of Columbus, in writing to ns on this subject,
states that a tax of 25c. on the $100 was ordered at the time
of issuing the bonds, for the purpose of paying the semi-an
nual interest and to create a sinking fund. The interest,
Mr. Shaw adds, was paid for ten years, when the City Coun
cil, upon the advice of their attorney, declared the bonds to
be illegal and refused to pay any further interest. Suit was
J une 13, 1903.]
TH E
C H R O N IC LE
1315
brought by the holders of the bonds and the courts have de
termined that the city is liable for such sum as the tax
levied for the purpose would pay. The matter was there
upon settled on this basis by the issuance of the bonds above
referred to.
Cook County, 111.—Bonds Voted.—At the election held
June 1 this county voted to issue $1,250,000 bonds to take up
the floating debt.
Cordele, Ga.—Bonds Voted.—This city recently voted in
favor of issuing $10,000 building bonds.
Corning, N. Y.—Bowi Bids.—The following bids were re
ceived June 9 for the four issues of 4£ bonds, aggregating
$90,000 and described in V. 76, p. 1262J
Fulton Couuty (P. O. Wauseon), Ohio.—Bond Offering.—
Proposals will be received until 11 a . m ., June 22, by the
County Commissioners, for $72,000 4i gravel-road bonds.
Denomination, $1,000. Date, July 1,1903. Interest semi-an
nually at office of County Treasurer. Maturity, $5,000 on
January 1 and $4,000 on July 1 of each of the years 1904 to
1911, inclusive. Certified check or bank certificate of deposit
for $500, payable to County Treasurer, required. J. E. Mer
rill is County Auditor.
Galena (Kan.) School District.—Bond Sale.—On June 8
the $20,000 5% 10-20-year (optional) high school bonds were
awarded to John Nuveen & Co., Chicago, at 103 86. Follow
ing are the bids :
Edmund Seymour * Co., N. Y . .107-18
W. J. Hayes 4 Sons, Cleve.........106 01
N. W . Harris 4 Co.. New York. .106't 87
Parson, Leach 4!Co.. New York.106'27
E. D. Shepard 4 Co., N. Y .......... 106-07
John Nuveen 4 Co., Chlo
$20,772 00 I 0 . M. Elllnwood 4 Co., Chic..$20,000 00
S. A. Kean, Chicago................. 20,320 00 I
Dlek 4 Robinson, New York___103*89
Denlsou, Prior * Co., Cleveland
and Boston..................................102'93
Lamprecht Bros. Co., Cleve.......10P13
Cranford Township School District, Union County, N. J.
—Bond Sale.—On May 28 the Board of Education awarded
to T. W. Stephens & Co., New York City, the $18,000 bonds
(offered but not sold last December) at 104 for 4% per cents.
For description of bonds see C hronicle Dec. 27, 1902.
Cnero (Tex.) School District.—Bonds Approved.—The
Attorney-General has approved an issue of $3,000 schoolhouse bonds.
Danbnry (Ohio) School District.—Bonds Not Sold.—
Owing to an injunction, the $8,000 535 2-9-year (serial) school
bonds for which proposals were asked until May 18 were not
sold.
Dnbois County, Ind.—Bonds Authorized.—The issuance of
$55,000 gravel-road bonds has been authorized. Date of sale,
not determined, but will probably be about July 10.
Earlham, Madison County, Iowa.—Bond Sale.—On May 1
this town awarded an issue of $3,500
3 10-year (optional)
improvement bonds to H. M. Whinery of Earlham. Denom
ination, $500. Date, May 1, 1908.
East Lake, Ala.—Bond Election.—An election will be held
June 15 to vote on the question of issuing street and side
walk bonds.
East Liverpool, Ohio.—Bonds Authorized.—On June 2 the
City Council passed an ordinance providing for the issuance
of $92,925
coupon refunding bonds. Denomination,
$1,000 each, except one $925 bond. Interest annually at the
office of the City Treasurer. Maturity, “ not less than ten
nor more than thirty years from date.” Under the ordinance
the bonds must first be offered at par and accrued interest to
the trustees of the sinking fund. Willis Davidson is City
Clerk.
East Syracuse, N. Y.—Authority for Bond Issue,—We are
advised that the $55,000 5# sewer bonds to be offered for sale
on June 15 are issued under the authority of Chapter 164,
Laws of 1903. The assessed valuation of the village is $1,097,240. For details of bond offering see Chronicle May 9.
East Syracuse (N. Y.) School District No. 5 of the Town
of Dewitt.—Bonds Voted.—This district on June 2 voted to
issue $20,000 school-building bonds. Interest, not to exceed
5jf. Maturity, $1,000 yearly, beginning Jan. 1,1905. Arthur
C. Mead is Clerk Board of Education.
Ensley, Ala.—Bond Sale.—It is stated that the $85,000 5£
20-year bonds (three issues) mentioned in Y. 76, p. 1101 and
879, have been sold at par.
Eyeleth, St. Louis County, Minn.—Bond Offering.—Proosals were asked for until 8 p . m. yesterday (June 12) by
louis Larson, City Clerk, for $40,000 6$ gold water-works
bonds. Denomination, $500. Date, July 1, 1903, Interest
semi-annually at the Metropolitan National Bank of Chicago.
Maturity, $4,000 on July 1 of each of the years 1906,1907 and
1908; $5,000 on July 1 of the years 1909 and 1911; $6,000 on
July 1 of the years 1912, 1913 and 1914.
Fairbury (Neb.) School District.—Bonds Voted.—This
district on May 25 voted to issue $25,000 4%% 10 20-year (op
tional) building bonds,
Falmouth, Mass.—Bond Offering.—Proposals will be re
ceived until 12 M., June 17, by Herbert F. Mitchell, Town
Treasurer, for $46,000 VyQi water bonds. Authority, Chapter
831, Laws of 1902, as amended by Chapter 128, Laws of 1903.
Denomination, $1,000. Date, May 1, 1903. Interest semi
annually at the International Trust Co. of Boston. Maturity,
$2,000 yearly on May 1 frcm 1913 to 1932, inclusive, and
$6,000 May 1, 1933. The legality of the bonds has been passed
upon by Robert M. Morse of Boston.
Faribault, Minn,—Bond Offering.—Proposals will be re
ceived until 8 p . m . , June 29, by tne Common Council, for
$46,000 4%gold refunding bonds. Denomination, $1,000. Date,
July 1, 1903. Interest semi-annually at the office of the City
Treasurer. Maturity, $6,000 July 1, 1908, and $5,000 yearly
on July 1 from 1909 to 1916, inclusive. I. E, Bruckman is
City Recorder.
Fayetteville, N. C.—Bond Offering.—Proposals will be re
ceived until 12 M., July 1, by H. J. McBuie, City Clerk, for
$100,000 5%8C-year water and sewer bonds. Denomination,
$500. Date, June 1, 1913.
Fishkill Lauding, N. Y.—Bonds Legalized.—Chapter 307,
Laws of 1903, legalizes and confirms an issue of bonds of this
Tillage to the amount of $80,000, to be ^issued for sewsr pur
poses: also to legalize the special election held in the village
on Dec. 18, 1902, and all proceedings of the Board of Trus
tees of the village authorizing and directing the issuance of
these bonds.
Forsyth County, N. C.—Bond Election Proposed.—This
county proposes to hold an election to vote on the question
of issuing $800,000 road bonds.
E
Date of bonds, July 1,1903. Denomination, $1,000. Inter
est, semi-annual.
Genera, Ohio.—Bond Offering.—Proposals will be received
until 12 M , July 2, by C. I. Crowther, Village Clerk, for
$4,500 5% 1-10-year (serial) sewer-aseeBsment bonds. Denom
ination, $150. Date, Sept. 1, 1903. Interest, semiannual.
Accrued interest to be paid by purchaser. Certified check
for $450 on some bank in Geneva, payable to the Village
Treasurer, required.
Gibsou County, Ind.—Bond Sale. —On June 2 $66,000 4%%
road improvement bonds were awarded to J. F. Wild Sc Co.,
Indianapolis, at 102-33 and interest. Denomination, 40 bonds
of $1,000 each and 40 bonds of $650each. Date, May 15, 1903.
Interest, semi annual. Maturity, $1,650 each six months
from May 15, 1904, to Nov. 15, 1923, inclusive.
Grand Island, Neb.—Bond Offering.—Proposals jwill be re
ceived until 5 p . m., July 1, by W. R. King, City Treasurer,
for $130,000 4% 5-20-year (optional) refunding bonds. De
nomination, $1,000. Date, July 1,1203. Interest semi-annu
ally at the banking house of Kountze Bros., New York City.
Grantsburg, Burnett County, Wis.—Bond Offering.—Pro
posals will be received until 2 p . m., June 25, by And. A.
Anderson, Village Clerk, for $8,000 6% electric light bonds.
Denomination, $1,000. Date, July 1, 1903. Interest, semi
annually at the Security Bank of Minnesota, Minneapolis.
Maturity, $4,000 July 1, 1913, and $4,000 July 1, 1918. Certi
fied check for 5£ of the par value of the bonds bid for, pay
able to the above-named Village Clerk, required.
Granville County (P . O. Oxford), N. C.—Bond Sale.—On
June 1 the $20,000 4% 20-year road bonds described in V. 76,
d . 1047, were awarded to S. A. Kean of Chicago at 102 60—
bonds to be dated May 1, 1903. On the same day the $16,000
4% refunding bonds of Oxford and Salem townships were
awarded to the same party at 101-50, bonds also to be dated
May 1, 1903.
Gulfport, Miss.—Bonds Voted—This city on May 29 voted
to issue $40,000 water-works bonds.
Hamilton, Out.—Debenture Offering,—Proposals will be
received until 4 p . m ., June 25, by T. S. Beasley, City Clerk,
for $100,000 %%% debentures, to mature part yearly for twenty
years.
Hamilton County (P . O. Cincinnati), Ohio.—Bond Offer
ing.—Proposals will be received by Christian Bardes, Pres
ident Board of County Commissioners, until 12 M., July 15,
for $250,000 3 8 0 - 5 0 - year (optional) memorial-building
bonds. Denomination, $500. Date, Ang. 1, 1903. Interest
semi-annually at office of County Treasurer. Certified check
for $500 required. George C. Zimmerman is Clerk of Board.
Hampton, Y a.—Legislative Authority to Borrow.—This
town has authority to borrow $25,000 under a bill recently
passed by the State Legislature.
Harmony Grove, Ga.—Bonds Voted.—We are advised by
C. J. Hood, Cashier of the Northeastern Banking Co. of Har
mony Grove, who is also Mayor of the city, that the election
held May 16 resulted in favor of the proposition to issue the
$6,000 5$ 20-year school-building bonds mentioned in V. 76,
p. 1101. These bonds, Mr. Hood adds, will not be offered
for sale earlier than September 1, as under the present law
of Georgia they will have to be validated by a Circuit Court,
which does not convene until late in August. After being
passed upon by the Court, these bonds will be incontestable
by anybody or for any cause. See State and City Supple
ment for April, 1903, page 168, and Chronicle Jan. 15, 1898,
for synopsis of this law.
Harrim an, Tenn.—Bonds Not Sold.—We are advised that
the $100,000 5£ 20-year gold refunding bonds, offered on June
4, were net sold. For description of bonds see V. 76, p. 1155.
Hartford, Conn.—Bond Bills Pass House.—The House
has passed bills authorizing the issuance of $1,709,000 50-year
Connecticut River bridge bonds and also $310,000 bonds for
permanent improvements in connection with proposed
bridge. Interest rate in both cases is limited to 4%.
Harrison County (P . O. Logan), Iowa.—Bond Sale.—On
June 8 the $60,000 4% funding bonds described in V. 76, p.
1155, were awarded to the State Savings Bank of Logan at
par and interest.
Hartford, Wis.—Bonds Voted,—On May 23 this place
voted to issue $12,000 Main Street paving bonds. The ma
jority in favor of the bonds was 77 out of a total vote of 411.
Hattiesburg, Miss.—Bond Sale.—On June 2 the City Coun
cil sold to the National Bank of Commerce of Hattiesburg
an issue of $20,000 5£ 5-20-year (optional) water and sewerextension bonds.
Henderson, N. C.—Bonds Voted.—It is stated that on June
1 this place voted to issue bonds for school purposes.
Herkim er (N. Y.) Union Free School D istrict No. 1*.
—Bond Offering.—At 10 A. m. to day (June 18) the Board of
1316
THE CHKONICLB
Education will sell for cash at public auction $16,000 3^2
gold school bonds. Denomination, $1,000. Interest annually
on January 1. Maturity, one bond each year on June 13
from 1906 to 1921, inclusive. Authority, resolution adopted
at special meeting held Sept. 26, 1902.
Hickman School District No. 88, Lancaster Connty, Neb.
—Bond Sale.—On May 30 $1,500 4%$ bonds were awarded to
the Bank of Hickman at 100-386. Denomination, $300, Date,
May 11, 1903. Interest annually on July 1. Maturity, July 1,
1908.
Hillsborough County (P . 0. Manchester), N. H.—Bond
Offering.—Proposals will be received until 10 a . m ,, July 15,
by the Board of County Commissioners, for $65,000 3$ bonds.
Denominations, $100, $500 and $1,000. Date, July 1, 1908.
Interest annually on July 1 at the Manchester National Bank.
Maturity, July 1, 1923. These bonds are exempt from taxa
tion to residents of Hillsborough County. Frank C. Livings
ton is City Treasurer.
Hoboken, N. J.—Bond Offering.—Proposals will be re
ceived until 8 p. M., June 24, by the Mayor and Common
Council of the City of Hoboken, at the office of James H.
Londrigan, City Clerk, for $30,000 4% 5-year school bonds.
Securities are issued in anticipation of an issue of $130,000
bonds to be put out by this city when the present School Act
ehall be declared constitutional. Interest, semi-annual.
Check for $2,000 required.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Bond Sale.—On June 10 the $35,000 4% 10-year bonds de
scribed in V. 76, p. 1155, were awarded to John D. Everitt &
Co., New York City, at 100*25. Following are the bids:
Jno. D. Everitt A Co.. N. T .........100-25 |Thompson, T en n ey A Crawford,
Faraon.LeacbA Co., New York. 100-00 | New York,.....................................100'20
Hocking Connty (P . O. Logan), Ohio.—Bond Offering.—
Proposals will be received until 8 p . m ., June 27, by James L.
Martin, County Auditor, for $75,000 4% turnpike bonds. Au
thority, Chapter 4769, Revised Statutes of Ohio. Denomina
tion, $500. Date, July 1,1903. Interest annually at office of
County Treasurer. Maturity yearly on July 1 as follows :
$3,000 in 1904 and 1905, $8,500 in 1906, 1907, 1908 and 1909,
$4,000 in 1910, 1911 and 1912, $4,500 in 1913 and in 1914,
$5,COO in 1915 and in 1916, $5,500 in 1917, $6,000 in 1918 and
in 1919 and $6,500 in 1920. Certified check for 5£ of bonds
bid for, payable to A. J. Nunemaker, County Treasurer, re
quired.
Hollidaysburg, Pa .—Bonds Authorized.—The Borough
Council has authorized the issuance of $35,000 4# gold re
funding bonds. Interest, semi-annual.
Holly Springs, Misg.—Bond Offering.—Proposals will be
received until 8 f . m., July 7, by Harry L. Dix, Mayor, for
the $43,000 4%% refunding bonds mentioned in the C h ro n i
cle last week. Denomination, $500. Date, Aug. 2, 1903.
Interest semi-annually at the Bank of Holly Springs or at the
Fourth National Bank, New York City. Maturity, 20 years;
subject to call after 5 years. Bonded debt, including this
issue, $59,000. Assessed valuation, $1,250,000. Certified
check for
of bid, payable to the Mayor, required.
Hollywood School District, Los Augeleg Connty, Cal.—
Bonds Defeated.—At an election held May 25 the question of
issuing bonds for school purposes failed to receive the
necessary two-third? majority.
Holyoke, Mass.—Ronds Authorized.—The issuance of $50.000
bonds to complete reservoir has been authorized.
Hudson Connty (P. O. Jersey City), N. J.—Ronds tobe Re
advertised.—We are advised that the Board of Freeholders
have decided to reconsider the award made May 7 of $37,000
4% gold Belleville Turnpike Road improvement bonds, and
to re-advertise the bonds for sale—bids to be received until
July 2. This was done in order to make the bonds legal in
every particular, they having been originally issued under the
Laws of 1895, instead of a new law adopted in April, 1903—
the bonds as originally advertised not complying with all the
provisions of this new law.
Hnmboldt, Tenn.—Bonds Voted.—This place on June 5
voted to issue $18,000 school-building bonds.
Hnntlngton (Town), Snffolk County, N. Y.—Bonds Au
thorized—This town nas been authorized by the County
Board of Supervisors to issue $3,100 bonds to buy a steam
roller.
Huntsville, Ala.—Bonds to be Issued.—The City Council
is considering the question of issuing $40,000 bonds to pay off
floating debt.
Hyde Park, Ohio.—Bond Sale.—This village has sold an
issue of $14,700 street-repair bonds to Seasongood & Mayer,
Cincinnati, at 101 38 and interest.
Independence (Mo.) School District.—Bond Sale Post
poned.— We are advised that the sale of the $20,000 4% 5-20year (optional) school-house-addition bonds advertised to
take place on June 2 has been postponed to June 23. For
description of bonds see V. 76, p. 1155.
Ironton, Ohio.—Bonds Authorized.—The City Council has
passed resolutions authorizing the issuance of $1,100 Heplar
Street and $6,000 Third Street Improvement bonds.
Isiip (Town), Suffolk County, N. I .—Bonds Authorized.—
The County Board of Supervisors has authorized this town
to issue $30,000 bonds for dock improvements.
Jefferson City, Mo.—Bond Election,—An election will be
held in this city to vote on the question of issuing $20,000
street-improvement bonds.
[V ol . L X X V I.
Jefferson City (Mo.) School District.—Bond Sale,—On
June 3 the $20,000 4* 5-20-year (optional) refunding bonds de
scribed in V. 76, p. 1209, were awarded to the First National
Bank, Jefferson City, at 101. Following are the bids :
First Nat. Bank, Jefferson City.120,200 I N. W . Harris A Co., Chicaap.$20,000 00
Exchange Bank, Jefferson City. 20,004 |JT. L . Fuller & Co., Cleveland. 20,000 00
Jersey Shore, Pa.—Bonds Voted.—This borough on May
16, by a vote ol 846 to 146, authorized the issuance of $16,500
4# 10-80 year (optional) sewer and paving bonds, Interest
semi-annually (tree of tax) at the Jersey Shore Banking Co.
Date of sale not yet determined, but, we are advised, will
probably be about June 10.
Kansas City, Mo.—Bids Rejected—Bond Offering—All bids
received June 10 for the $139,712 31 7$ “ Series O” park-fund
certificates were rejected. Bids are again asked for, this
time until July 8. For full details of securities see V. 76, p.
1156.
Kinderhook (N. Y.) School D istrict.—Bonds Authorized.
—This district has authorized the issuance of $4,000 schoolhouse-addition bonds.
Knox County (P . 0. Vincennes), Ind —Bond Offering.—
Charles A. Weisert, County Treasurer, will sell at public
anction at 1 p . m,, June 15, $43,438 40
Palmyra Town
ship free gravel road bonds of $542 98 each and $83,300
Steen Township free gravel road bonds of $416 25 each. Date
of bonds, June 15, 1903. Interest, May 15 and Nov. 15 at the
National Park Bank, New York City. Bonds run through
a period of twenty years. Certified check for $1,000 must be
deposited by the successful bidder for each of the above
issues.
Lake Preston, So. Dak.—Bonds Voted.—This town has
decided to issue $7,000 water-supply bonds. Details of issue
not yet determined.
Lancaster (Ohio) School D istrict.—Bonds Voted.—By a
majority of 145, this district on May 25 voted to issue $75,000
school-bnilding bonds.
Lavaca Connty, Texas.—Bonds Voted.—This county on
May 2 voted to issue $25,000 4% 5 20 year (optional) bridge
bonds. The date for the issuance of these bonds has not yet
been determined.
Los Angeles, Cal.—Bond Bid.—Only one bid was received
at the offering on June 1 of the 5 issues of %%% 1-40-year
(serial) bonds aggregating $2,180,000, and this bid was par
and interest for the $100,000 bridge bonds only. This bid
was made by the Los Angeles Trust Co., and was conditioned
on a favorable opinion being received frcm Dillon & Hub
bard of New York City as to the legality of the bonds.
Louise (Texas) independent School District.—Bonds
Voted.—This district has voted to issue bonds for school pur
poses.
Madison Connty, Neb.—Bonds Defeated.—At an election
held June 2 the proposition to issue $40,000 bonds failed to
carry, the vote being 196 for to 1,468 against.
Madison Connty, Ya.—Bond Bill Passes Legislature.—This
connty has authority from the State Legislature to issue
road-improvement bonds.
Mandeville, La.—Bonds Defeated.--At an election held
May 19 this place defeated a proposition to issue $7,000 bonds
to construct a revetment on the lake front. The vote was 13
(property value $6,922 50) for and 74 (property value $82,917 50) against the proposition.
Mansfield, Mass.—Bonds Voted.—At a special town meet
ing held May 25 it was voted to issue not exceeding $40,000
30-vear bonds for the construction of an electric-light plant.
Marathon (Iowa) School District.—Bond Election.—An
election will be held in this "district to vote on the question
of issuing $16,000 school-building bonds.
Marion, S. C.—Bond Election.—An election, it is stated,
will be held in this place to vote on the question of issuing
$12 000 school bonds.
Marion School District, Ohio.—Bond Offering.—Propo
sals will be received until 12 m., June 29, by the Board of
Education, M. B. Dickerson, Clerk, for $22,000 4~%% bonds.
Denominations, $500 and $1,000. Date, July 1, 1903. Inter
est semi.annually at the office of the District Treasurer.
Maturity, $500 each six months from July 1, 1906, to July 1,
1916, inclusive, $1,000 each six months from Jan. 1, 1917, to
Jan. 1, 1922, inclusive, and $500 July 1, 1922. Authority,
Section 2834a , Revised Statutes of Ohio. Either cash or cer
tificate of deposit on some bank in Marion, payable to the
Board of Education, required.
Martinsville (Ind.) School District.—Bonds Authorized.
—The Sohool Board has been authorized to issue $14,000
school-buildiDg bonds.
Meigs County (F. 0. Pomeroy), Ohio.—Bond Offering.—
Proposals will be received until 2 p . m., June 17, by the
County Commissioners, for $4,000 4%bridge bonds. Denomi
nation, $1,000. Date, July 1, 1908. Interest semi-annually
at office of County Treasurer. Maturity, $1,000 each six months
from Jan, 1, 1904, to July 1, 1905, inclusive. Bidders are re
quired to be satisfied as to the legality of the bonds before
bidding and a deposit of $300 is required with bids.
Bond Offering.—Proposals will be received until 2 p. m .,
July 1, by A. W. Vale, County Auditor, for $20,000 H fund
ing bonds. Denomination; $1,000. Date. July 15, 1903. In
terest semi-annually at office of Connty Treasurer. Maturity,
$1,000 July 15, 1905; $7,000 July 15, 1906; $7,000 July 15,
1907, and $5,000 July 15, 1908. Blank bonds are tobe fur
nished by purchaser. Bidders are required to be satisfied as
to the legality of bonds before bidding. Deposit for $300 in
currency required.
J u n e 13, 1903.J
THE
C H R O N IC L E
1317
Interest on above issues will be payable semi-annually.
Minneapolis, Minn.—Bids. —Following are the bids re
ceived June 2 for the $250,000 4£ court house and city-hall Certified check for 5g of the par value of bonds must accom
bonds described in V. 76, p. 1156 and 1102:
pany bids for each of the above issues.
Dominick & Dominick, N. Y ___106*303 I Parson, Leuch 4 Co.. Chicago.. .10312
The official notice of this bond offering will be found among
O’Connor 4 Kahler. New York.106*23
K H. Hollins 4 Sons. Denver___102 88
Edmund Seymour 4 Co., N. Y ..106*13 I Kane Jr Co., Minneapolis........... 102 'lS
the advertisements elsewhere in this Department.
Geo. M. Hahn. New York.......... ll'6*W3 I Minn. Loan * T rust Co...............10s*40
First Nat. Bank, New York.......105‘83 I N. \V. Harris & Co., Chicago.... 102T*
W . J. Hayes A Sons, Cleveland.105*68 i Stoddard, Nye 4 Co., Minn.......101*50
Orange County, Ya.—Bonds Voted.—This county has voted
R. L . Day 4 Co., Boston..............104*33 I
to issue $100,000 road bonds.
As stated last week, bonds were awarded to Dominick &
Orange (Texas) School District.—Bond Bale.—This dis
Dominick of New York City.
trict has sold at par to the State Permanent School Fund an
M itchell School D istrict, Merced County, Cal.—Bond issne of $21,000 school-building bonds.
Sale.—On June 3 the $5,500 5% 1-11-year (serial) gold bonds
Owen Sound, Ont —Debenture Offering.—Proposals will
described in Y. 76, p. 1048, were awarded to Isaac Springer & be received until 6 p. m., June 18, by Alfred J. Spencer,
Co., PasadeDa, at 101'386 and interest. Following are the Town Treasurer, for $39,000 4%gas-plant and $36,000 4%elec
bids :
tric-light* plant purchase bonds. Date, Jan. 1, 1903. Inter
I. Springer A Co., Pasadena... .S3.578 25 |Adams-PhllllpsCo., Los Ango.t5.530 00
est, semi-annual. Maturity, Jan. 1, 1923. Purchaser to pay
Montreal, (Jae.—No Bids.—No bids were received on Jane accrued interest.
5, according to reports, for the two issues of 3%% bonds ag
Palmetto. Ha.—Bond Offering.—Proposals will be received
gregating $700,000.
nntil 10 a . M ., June 25, by F. R. Smith, Mayor, for $3,000 6£
Moutvale, N. J.—No Bids—Bond Offering.—No bids were gold bonds.
received June 9 for the $15,000 5£ macadam bonds described
Pease Township (P. 0. Martins Ferry), Ohio.—Bond
in V. 76, p. 1210. Proposals are again asked for these bonds, Offering.—Proposals will be received until 12 m., Jnly 7, by
this time until 2 P. M June 30.
the Township Trustees, for $25,000 5% road bonds. Denom
Monnt Pleasant, Mich.—Bond Offering.—Proposals will ination, $1,000. Interest March 1 and September 1. Ma
be received until 7 p. m., June 15 (postponed from June 8), turity, $2,000 March 1, 1905; $2,000 March 1, 1906, and $2,000
by W. C. McDonald, City Clerk, for $10,000 4% public im yearly on March 1 from 1907 to 1913, inclusive, W, G. Mor
provement bonds. Denomination, $500. Date May 1, 1903. gan is Township Clerk.
Interest, semi annually. Maturity, May 1, 1923, Certified
Pelican Rapids, Ottertail County, Minn.—Bond Sale.—
check for $250 required,
On June 1 the $10,000 b% 15-20 year (optional) eleotric-light
Monnt Vernon Township School District, 111.—Bond bonds described in V. 76, p. 1210, were awarded to C. C. GowElection.—The Township Board of Education has decided to ran & Co. of Grand Forks at 103'65. Following are the bids:
call an election to vote on the question of issuing $30,000
C C. G ow ran 4 Co., G r’d Forks.103'65 I S. A. K ean, C hicago...................... 100*00
high-school-building bonds.
Stoddard, N ye 4 Co.. M inn...... *103-27
J oh n N uveen & Co. (less $250
Newark, Ohio.—Bonds Proposed.—The issuance of $30,000 J .P .W a lla c e B ’ k ,P e lica n R ’pids*lO r707 1 f o r e x p e n s e s ).............................. lOO'OO
bonds is being considered by the City Council.
* A nd blank bonds.
New Barbadoes Township School Dis. (P . O. Hackensack),
Perth Amboy, N. J .—Bond Offering.—Proposals will be
N. J.—Bond Offering.—Proposals will be received until 8 p .m., received until 8 p . m., June 26, by Garret Brodhead, City
June 19, by 1. I. Demareat, District Clerk, for $42,000 4% Treasurer, for $80,000 4% coupon water bonds. JDsDomina*
building bonds. Denomination, $1,000. Date, July 1, 1903. tion, $1,000. Date, July 1, 1908. Interest, semi-annually at
Interest, semi-annnally at the Hackensack National Bank, tbe office of the City Treasurer. Maturity, July 1, 1933. Cer
and is exempt from taxes. Maturity, $3,000 yearly on July tified check for $1,000, payable to the City Treasurer, re
1 from 1920 to 1933, inclusive. Certified check for 2# of the quired. Bonds will be certified to as to genuiness by the
par value of bonds bid for, on a bank in Bergen County, N. United States Mortgage & Trust Co., New York City, and
J. , or in New York City, and payable to the Board of their legality has been approved by J. H. Caldwell, also of
Education, required. These bonds are part of an issue of that city.
$45,000, of which $3,000 will not be issued at this time.
Pittsburgh (Pa.), Beltzhoover Sub-School District.—
Total school debt, including this issue, $94,351. Assessed —Bond Election. —A special election will b9 held June 30 to
valuation 1902, $4,935,400,
vote on the question of issuing $75,000 school-building bonds.
Newburyport, Mass.—Bond Offering.—Proposals will be Present debt, $9,000. Assessed valuation, $1,416,633.
received until 5 P. M ., June 16, by James V, Felker, City
Pittsbargu (Pa.), Colfax Sub-School District (TwentyTreasurer, for $343,000
water bonds. Authority, Chap Second Ward).—Bond Sale.—On June 6 the $110,000 4%
ter 145, Laws of 1903. Denomination. $1,000. Date, May 1, coupon bonds described in Y. 76, p, 1210, were awarded to
1903, Interest semi-annually at the First National Bank of Dick & Robinson of New York City at 101 '896. Following
Boston. Maturity, $12,000 yearly on May 1 from 1904 to are the bids:
1916, $11,000 yearly on May l from 1917 to 1933, inclusive. D ick & R ob in son , N. T ......... 8112,085 60 |N . H olm es 4 Sons, P l t t s b g b ...S i l l,672
Bonds have been approved by Storey, Thorndike, Palmer &
Pleasant Ridge, Ohio.—Bond Offering.—Proposals will be
Thayer of Boston. Accrued interest is to be paid by pur
received until 12 11 ., July 7, by J. B. Hayden, Village Clerk,
chaser.
New M exico.—Bonds Not Sold.—Ail bids received May 30 for $4,600 4% refunding street-improvement bonds. Date,
for the $101,800 4$ refunding bonds described in V. 76, p, April 1, 1903. Denominations, nine bonds of $500 and one of
$100. Interest annually at the First National Bank of Cin
772, were rejected.
Newport News, Ya.—Bonds Authorized by Legislature.— cinnati. Maturity, April 1, 1923. Authority, Section 2701,
Revised Statutes of Ohio. Purchaser to pay accrued interest.
This city has legislative authority to issue $30,000 bonds.
New Richmond, Ohio.—Bond Offering.—Proposals will be A certified check on a national bank for 5% of the amount bid
received until 12 m,, July 6, by C. T. Bainum, Village Clerk, for, payable to the order of the Village Clerk, required.
Proposals will also be received at the same tim8 for $1,500
for $4,000 4% coupon improvement bonds. Denomination,
$200. Date, July 6, 1903. Interest, annual. Maturity, July 6, 5% sidewalk bonds. Date, April 15, 1908. Denomination,
1923. Bidders shall furnish blank bonds. Purchaser must $500. Interest semi-annually at the First National Bank of
pay accrued interest. Authority, laws State of Ohio and Cincinnati. Maturity, April 15,1923. Purchaser to pay
accrued interest. A certified check on a national hank for
ordinance passed May 11, 1903,
Nezperce, Nez Perce County, Idaho.—Bond Offering.— 5%of bonds bid for, payable to the Village Clerk, required.
Proposals will be received until 12 M ,, June 20, by W. C. Two issues of bonds answering the above description were
Foresman, chairman Board of Trustees, at the office of C. E. awarded on May 9 to the Atlas National Bank of Cincinnati.
Stuart, Village Clerk, for $6,700 6£ 10-20 year (optional) gold If these are the same bonds the reason for the re-sale is not
water-works bonds. Denomination, six of $1,000, one of known to ns.
Plymouth, Mass.—Notes Not Sold.—We are advised that
$500 and two of $100 each. Date, June 20, 1903. Interest,
Jan. 1 and July 1, in New York City. Authority, vote of 67 the following notes offered for sale on June 6 were not dis
to 22 at election held April 21, 1903. No bonded debt at pres posed o f :
$19,999 80 3H* 1-30-year (serial) w ater-loan n otes.
ent. Certified check for 5%of the bonds bid for required.
27.000 00 3^6* 1-27-year (serial) sew er-loa n n otes.
N orfolk County (P . 0. Dedham), Mass.—Loan offering.—
8.000 00 3)4% 1-10-year (serial) en g in e -h o u se -lo a n notes.
Proposals will be received until 10 a . m., Jane 16, by the
P o r t l a n d , O r e .— Bond Sale,—On June 1 $75,000
1-10County Commissioners, for a bridge loan of $30,000, as au
thorized by Section 2, Chapter 456, Laws of 1900. Loan is year (optional) street and sewer-improvement bonds were
awarded to Lipman, Wolfe & Co. of Portland at 104'50.
payable July 1, 1904.
Olin (Iow a ) Independent School D is trict—Bond Sale.— Following are the bids :
an, W o lfe & Co., P o rtla n d ..104*50 I A . T lcb n e r .................................... 103*068
On May 20 the $8,000 6$ 5-10-year (optional) bonds described Lipm
P ortlan d T ru st Co........................... 104*35 A . G . Klosterman......................... 103*00
I H . E. Noble...................................... 102*10
in V. 76, p. 1102, were awarded to MacDonald, McCoy & Co. -------of Chicago at 105'387,
Denomination, $500.
Oneida,-N. Y.—Bond Offering.—Proposals will- be received
Bonds Voted.—The issuance of $400,000 bridge, $50,000
until 12 m,, June 17, by J. F. Connor, City Clerk, for $2,826 77 Albina Ferry and $15,000 Sellwood Ferry 4% 30-year bonds
4% 1-10-year (serial) sewer bonds (series E, F, G, H and I). was authorized at the election held June 1.
Date, June 1, 1903. Interest semi-annually at the office of
P r a t t v i l l e , Ala.—Bonds Voted.—This town on May 25
the City Chamberlain or in New York. A certified check voted to issue $30,000 30-year gold street-improvement and
for 10$ of the amount of the bid, payable to the order of the fire-protection bonds. Rate of interest must not exceed 5£.
City Chamberlain, is required. Authority, Title V of Chapter
Rensselaer, N. Y.—Bond Offering.—Proposals will be re
225 of the Laws of 1901.
ceived until 10 a . M., June 23, by Philip J. Gomph, City
Orange, N. J.—Bond Offering.—Proposals will be received Treasurer, for 105,000 4%bonds. Denomination, $1,000. In
Jan. 15 and July 15. Maturity, $3,000 yearly on Jnly
until 8 p . si., June 22, by the Finance Committee, care of terest,
15 from 1804 to 1938, inclusive.
Daniel A. Dugan, City Clerk, for the following bonds :
fiidgeville (Ohio) Union School District.—Bond Sale.—
$20,000 4% t-10 year (serial) assessment bonds dated July 1, 1903.
On June 6 the $2,100 5% bonds described in V, 76, p. 1211,
55.000 i% 1-10-year (serial) tax-arrearage bonds dated Julv 1,1903.
40.000 4%city-hall bonds, maturing $5,000 yearly from 1932 to 1939, inclusive- were awarded to Rodgers & Sons, Chagrin Falls, for $2,105.
THE CHRONICLE
1318
R ipley, Tenn.— Bond Election.— A n election, it is stated,
will be held June 15 to vote on the question of issuing $10,000 6£ 30-year school bonds.
Roanoke, Y a.— Bond Offering.— This city will offer for
sale July 1 $66,000 4% 80-year refunding bonds. Interest
semi annually on Jan. 1 and July 1. W . E. Thomas is City
Clerk.
Rothsay (M in n ,) Independent School D istrict.— Bond
Offering.— Proposals will be received until 7 p . m ., July 1, by
the Board of Education, for $8,000 5£ bonds. Date, Sept. 1.
1903. Interest, annual. Maturity, Sept. 1, 1908. Certified
check for $200 required.
R nshville (In d .) School D istrict.— Bond Sale.— On May
30 this district sold an issue of $35,000 4$ school bonds to W .
J. Hayes & Sons. Cleveland, at 100’014. Denomination, $500.
Date, July 1,1908. Interest, semi-annual.
St. P aul, M inn.— Bond Sale.— On June 10 the $99,000 4£
80-year refunding bonds described in V. 76, p. 1158, were
awarded to N . W . Harris & Co., Chicago, at 106’88. Fol
lowing are the bids :
N. W. Harris & Co., Chicago....108"8S I W. J. Hayes & Sons, Cleveland. 108'19
K. L. Day & Co.. New York........106'819 1
Bids were also received from O'Connor & Kahler of New
York City and S. A . Kean of Chicago, but as the former was
conditional and the latter irregular they were not consid
ered.
Salamanca Union Free School D istrict No. 4, Cattarau
gus County, N. Y.— Bonds Defeated.— The proposition to issue
$29,000 school bonds failed to carry at the election held
May 15.
Sandersville, Ga.— Bond Offering.— Proposals will be re
ceived until 4 p. m ., July 1, by W . A . Bell, Clerk and Treas
urer, for $37,000 5# electric-light and water-works bonds.
Denomination, $1,000. Interest semi annually at the Fourth
National Bank of N ew York City. Maturity, $6,000 every
five years except the last payment, which will be for $7 000.
Saratoga Springs, N. Y .— Description o f Bonds.— Under
Chapter 191, Laws of 1903, this village is permitted to in
crease the amount of sewer bonds authorized to be issued
under a former law from $100,000 to $180,000. Of the first
$100,000 authorized, there is still $10,000 unsold. There are
$40,000 bonds, therefore, yet to be issued for this purpose.
[V o l . LXXVI.
Denomination, $500.
Interest, 4%, payable March 1 and
Sept. 1 at the Adirondack Trust Co, of Saratoga Springs.
Maturity, $10,000 yearly from 1926 to 1929, inclusive. Date
of sale not yet determined.
Saw telle School D istrict, Los Angeles County, Cal.—
Bond Election.— An election will be held in this district to
vote on the question of issuing $1,500 6# school improvement
bonds.
Shadyside Special School D istrict, Belm ont County,
Ohio.— No Bids—Bond Offering,— W e are advised by Daniel
D. Schramm, District Clerk, that no lpids were received June
4 for the $3,000 4% 10 year bonds described in V . 76, p. 1159.
The bonds are being readvertised.
Sharon, P a.—Bond Election.—A n election will be held
June 16 to vote on the question of issuing $80,000 improve
ment bonds.
Shawnee (O kla.) School D istrict.— Bids Rejected—Bond
Offering.—A ll bids received June 1 for the $50,000 4% 30-year
building bonds of this district were rejected. Proposals are
again asked for these bonds until 8 p . m ., June 22, by the
Board of Education. Denomination, $1,000. Date, July 1,
1903, Interest, semi-annually in New York City. Maturity,
July 1, 1933. Certified check for $2,000 on a national bank is
required. Bonded debt at present, $ 10,300. Equalized valua
tion 1902, $1,201,000. J. O. Blakeney is President.
Shelby Township, Ripley County, ln d .— Subsidy Voted.—
This township at a special election held May 12 voted a 2%
subsidy in favor of the Madison Qreensburg & Indianapolis
Electric Railway.
Shiawassee County (P O. Corunna), M ich.—Bond Sale —
The bids received June 1 for the $75,000 4% court-house bonds
described in Y . 76, p. 1104, were as follows :
M. L. Stewart & Co.. Owosso*$75,760 00 Denison, Prior & Co., Cleve
w . j . Hayes & Sons, Cleve.. .*75,675 Oo
land & Boston................... *175.000 00
First Nat. Bank, Durant....... *75,500 00 K. L. Fuller A Co..Cleveland.*75.000 00
Farson, Leach & Co., C hic...*76.190 00 Seasongood & Mayer (less
$750)....................... ............. 75,000 00
* And accrued interest.
A s stated last week, these bonds were awarded to M . L,
Stewart & Co., Owosso, at 101.
Spencer, W . Va.—Bond Sale — On June 8 $6,000 6g coupon
water and sewer bonds were awarded at 107’79 to Messrs.
Newbergers, of Parkersburg. Following are the bids:
NEW LOANS.
NEW LOANS.
NEW LOANS.
^ 5 5 ,0 0 0
^ 4 0 ,0 0 0
^ S O ,O O Q
CITY OF ORANGE, N. J., CITY OF ORANGE, N. J., CITY OF ORANGE, N. J.,
Tax Arrearage Bonds.
CITY HALL BONDS.
Assessment A rrearage Bonds.
The City o f Orange, N. J., invites sealed proposals
for the whole or any part o f $66,000 Tax Arrearage
Bonds o f 1903, to hear date July 1st, 1903, to be pay
able In annual Ins alments thereafter o f five thou
sand five hundred dollars, the last thereof to be
paid In ten years from their date, said bonds to draw
Interest at four per cent per annum, payable semi
annually.
Sealed proposals or bids for said bonds addressed
to the Finance Committee, in care o f the City Clerk
o f the City o f Orange. N. J., indorsed “ Proposals
fo r Tax Arrearage Bonds OL1803,” will be received
by the City Clerk on MONDAY, THE TW ENTY
SECOND DAY OF JUNE, 1903, In the Common
Council Chamber, Canfield Street Engine House,
Orange. N. J., Detween seven and eight o’clock In
the evening o f the same day, who will certify there
on the time of their receipt by him
Said proposals will be publicly opened at a meeting
o f the Common Council to be held in the Common
Council Chamber, Canfield Street Engine House, In
Bald city on Monday evening, June twenty-second,
1903, at 8 o ’clock.
Said bids must be accompanied by a certified
check for five per cent of the amount o f par value
o f the bonds bid for.
The Finance Committee reserves the right to re
ject aDy or all bids, as may seem best to them for the
Interests o f the city.
Any Information with regard to this loan will be
furnished by Charles A . Meigs, Collector o f Taxes,
Orange, N. J.
By order o f the Committee on Finance.
FRANK G. CODGHTRY,
Cnalrman Committee on Finance.
DANIEL A. DUGAN. City Clerk.
Dated June 6,1903,
The City o f Orange. N. J., invites sealed proposals
for the whole or any part o f $40,000 City Hall
Bonds o f 1903, to be payable in annual instalments
o f $5,000, to draw interest at the rate o f four per
cent per annum, payable semi-annually, and may
be registered if desired, said bonds to be payable in
annual instalments o f $5,000, from and after the
year 1932.
Sealed proposals or bids for said bonds addressed
to the Finance Committee, in careo* the City Clerk
o f the City o f Orange, N. J., indorsed “ Proposals
for City Hall Bonds o f 1903,’’ will be received by
the City Clerk on MONDAY. THE TW ENTYSECOND DAY OF JUNE, 1903. in the Common
Council Chamber, CaDfleld Street Engine House,
OraDge, N. J.. between seven and eight o ’clock in
the evening o f the same day. who will certify
thereon the time o f their receipt by him.
Said proposals will be publlclr opened at a meet
ing o f the Common Council to be held in the Common
Council Chamber, Canfield Street Engine House, in
said city, on Monday evening, June 22d 1903, at
eight o ’clock.
Said bids must be accompanied by a certified
check for five per cent o f the amount o f the par
value of the bonds bid for.
The said bonds will mature as follow s:
*5,000
1932.
5.000
19H8.
5.000
1934.
1935.
5.000
6.000
1936.
1937.
5.000
5 000
1938.
1939.
6.000
The Finance Committee reserves the right to re
ject any or all bids, as may seem best to them for
the interests of the clt>.
By order o f the Committee on Finance
FRANK G. COUGHTRY.
Chairman o f Committee on Finance.
DANIEL A. DUGAN, City Clerk.
Dated June 5,1908.
The City o f Orange Invites sealed proposals for the
whole or any part o f $20,000 Assessment Arrearage
Bonds o f 1903, to bear date on July 1st, 1903, and to
be payable in annual instalments thereafter o f two
thousand dollars, the last Instalment to be paid In
ten years from their date, said bonds to draw inter
est at the rate o f four per cent per annum, payable
semi-annually.
Sealed proposals or bids for said bonds addressed
to the Finance Committee. In care o f the City Clerk
o f the City o f Orange, N. J., Indorsed "Proposals for
Assessment Arrearage Bonds o f 1903,” will be re.
ceived by the City Clerk on MONDAY, THE
TWENTY-SECOND DAY OF JUNE, 1903, In the
Common Council Chamber, Canfield Street Engine
House, Orange, N. J., between seven and eight
o ’clock In the evening o f the same day, who will
certify thereon the time o f their receipt by him.
Said proposals will be publicly opened at a m eet
ing to be held by the Common Council in the Com
mon Connell Chamber, Canfield Street Engine House,
In said city, on Monday evening, June twentysecond, 19o3, at eight o ’clock.
Said bids must be accompanied by a certified
check for five oer cent o f the amount of the par
value of the bonds bid for.
The Finance Committee reserves the right to re
ject any or all bids, as may seem to them for the best
interests o f the city.
Any Information with regard to this loan will be
given by Charles A. Meigs, Collector o f Taxes,
Orauge, N. J.
By order o f the Finance Committee.
Dated J une 5,1903.
DANIEL A. DUGAN,
City Clerk.
FRANK G. COUGHTRY.
Chairman o f Committee on Finance.
Perry, Coffin & B urr,
IN V E S T M E N T BONDS
FARSON LEA C H & 0 0 .
INVESTMENT BONDS.
60 State Street,
8E N D
FOR
Public Securities,
LIS T.
C H ICAG O .
C LE V ELA N D .
Blodget, Merritt & Co.,
3 6 NASSAD ST R E E T , N E W Y O R K .
BONDS.
AMD CORPORATIOA
BONDS.
16 Congress Street, Boston.
1 7 X La
4
BOSTON.
P H IL A D E L P H IA .
B O S TO N .
MacDonald, McCoy & Go.,
MUMICIPAL
BANKERS
ST A T E , CITY & R A IL R O A D
NEW Y O R K ,
DENISON, PRIO R & CO.
BOSTON.
Salle Street, Chicago.
S ta te S tr e e t, B O S T O N .
F. R. FULTON & CO.,
M unicipal
171
LA
SALLE
B onds,
STRELT,
C H IC A G O .
THE CHRONICLE
J une 13, 1903.]
Newbergers, Parkersburg........ 107'79 |C. 9. Vandal (for $10,000)........... lOO’OO
C. L. Brown, Ravenswood.......100'60 9. A. Kean, Chicago................... Dyoo
State School B o a r d ...." " ....... I00'00j| |
Denomination, $100. Date, Jane 1, 1903. Interest, annu
ally at the Roane County Bank of Spencer.
Maturity, 30
years optional after 10 years.
Spottsylvanla County, Va.—Bond Election Authorized.—
The State Legislature has passed a bill authorizing an elec
tion to vote on the question of issuing $100,000 road improve
ment bonds.
Springfield, Ohio.— Bonds Proposed.— The issuance of
$15,000 hre-department bonds is being considered by the City
Council.
Springfield, Tenn.—Bonds Voted.— This place on May 22
voted to issue $35,000 water-works and electric-light plant
bonds.
Springfield (Ohio) School D istrict.—Bond Sale.— On
June 8 the $36,000 4%$ 1 4-year (serial) bonds described in
V . 76, p. 1159, were awarded to Rudolph Kleybolte & Co.,
Cincinnati, at 100*14. Following are the bids :
R. Kleybolte & Co.. Clncln__ 130,060 00 I P 8. Briggs & Co., Clnolnnatl.t33.031 00
Well, Roth 4 Co., Cincinnati. 80,049 00 I New 1st Nat, B’k, Columbus. 30,000 00
Springwells Township, Mich.—Bond Election.—An elec
tion will be held in this township to vote on the question of
issuing $50,000 paving bonds.
Statesboro, Ga.— Bond Offering.— Proposals will be re
ceived until 12 m ., July 1, tor $30,000 5g water and light
bonQs, to mature $5,000 every five years. Certified check for
$5,000 required.
Stenben County (P . O. Bath), N. Y.—Bond Offering.—
Proposals will be received until 2 P. M., June 29, by Frederick
W . Hastings, Clerk Board of Supervisors, for $25,000 4%
bonds. Denomination, $1,000. Date, July 1, 1903. Interest
payable at the New York State National Bank of Albany.
Maturity, $5,000 yearly on July 1 from 1908 to 1912, inclusive.
Certified check for $500 required. Debt of county on May 1,
1903, was $20,200. Assessed valuation for 1902, $82,566,547.
Stockton, Cal.— Bonds Voted.— By a vote of nearly 8 to 1,
this city on May 27 authorized the issuance of $160,000 4%
electric light-plant bonds
Stratford, Out — Debentures Not Yet Sold.— W e are ad
vised by W m . Lawrence, City Treasurer, that the $100,000
4% coupon water-works debentures offered for sale on March
28 have not as yet been sold. Interest annually on January 1
at Treasurer’s office. Maturity part yearly for 30 years.
Summerville, Ga.— Bond Offering.— Proposals will be re
ceived until 12 m „ July 8, by T. I. Hickman, Intendent, for
$25,000 5£ gold water and sewer extension bonds. Denomi
nation,'$1,000. Date, Aug. 1,1903. Interest, semi-annual.
Maturity, Aug. 1, 1933.
Summit, N. J .— Bond Sale — On June 1 this city sold to
Thompson, Tenney & Crawford of New York City an issue
of $35,000 4ft school bonds at 100*75. Denomination, $1,000.
Date, Feb. 1, 1903. Interest, January 1 and July 1. Ma
turity, Feb. 1, 1928,
Swan (Quarter Graded School District, N. C.— Bond Offer
ing.— S. S. Mann, Attorney of the School Board, is offering
for sale the $1,500 Q% bonds mentioned in V. 76, p. 1160. De
nomination, $100. Date, July 1, 1903. Interest annually
in Washington, N. C. Maturity, July 1,1913.
Syracuse, N. Y .—Bond Offering.— Proposals will be received
until 3 P. M,, June 16, by E. J. Mack, City Comptroller, for
$171,000 4% 1-9 year (serial) local improvement bonds. De
nominations, $5,000 and $4,003. Securities are dated Jaly 1,
1903. Interest will be payable semi-annually at the United
States Mortgage & Trust Co., New York City, and the said
company will oertify as to the genuineness of the issues.
B *nds are to be registered at the office of the City Comp
troller. These bonds were offered as 6% per cents on May
5 but not sold.
Tareutum, Pa.— Bids Rejected— Bond Offering.—AW bids
received June 6 for the $7,000 4% grading bonds were reject
ed, and proposals are again asked, this time until 4 p. m . June
22, and may be addressed to F. A. Ready, Borough Secre
tary. Denomination, $500. Date, June 1, 1908. Interest,
semi-annual. Maturity, June 1, 1932. Certified check for
$200 required. Accrued interest is to be paid by purchaser.
Toledo, Ohio.— Temporary Loan.— The Council Committee
on W ays and Means has decided to borrow $25,000 for forty
davs from the Toledo Savings Bank & Trust Co. at 5g.
Topeka, Kan.— Suit to Determine Validity o f Water Bonds.
— The City Attorney, in order to remove all doubts as to the
validity of the $350,000 4% water bonds, voted at the election
held April 7, desires to have a friendly suit brought ques
tioning the legality of the election.
N E W LOANS.
N E W LOANS.
N E W LOANS.
$ 3 0 ,0 0 0
$ 1 8 ,0 0 0
$ 1 4 0 ,0 0 0
HOBOKEN,
N. J
SCHOOL BONDS.
Public notice Is hereby given, in accordance with
the following preamble and resolution of the Com
mon Council, passed on the 27th day of May, 1903,
and duly approved:
Whereas. It is necessary for the further prosecu
tion o f the new public school that bonds to the
amount o f $30,000 be issued, to be credited on ac
count o f the proposed issue of $130,000 when the
present school Act shall have been declared consti
tutional; and
Whereas, In the opinion of the Board of Educa
tion, such issue is required at once to procure the
necessary funds, therefore;
Resolved. That a temporary loan bond or bonds,
to run not longer than five years, for the sum of
$30,000, be issued by the city under the city seal,
signed by the Mayor and countersigned by the City
Clerk and Comptroller, in the usual form o f city
bonds, bearing interest at a rate not to exoeed four
per cent, which bond shail be sold to the highest
bidder by the Committee on Finance, after legal
advertisement by the City Clerk, and that the pro
ceeds of said bonds be devoted exclusively to the
building of said school Number Might («), and said
bond shall be redeemed in accordance with the pro
visions of an Act entitled “ An Act to authorize
cities of this State to borrow money for all purposes
for which they are now authorized to raise money
by taxation, &c.,” approved April 22,1912.
Sealed proposals for the purchase o f bonds of the
City of Hoboken to the amount o f thirty thousand
dollars ($30,000), to run five years from the date of
issue, to bear interest at the rate of four per cent
per annum, payable semi-annually, registered or
coupon at the option of the bidder, of denomination
as the bidder may desire, will be received at a regu
lar meeting of the Common Council of the City of
Hoboken, to be held on
Wednesday Evening, Jane
24, 1903,
at 8 o’clock p. m.
All proposals must be directed to the Mayor and
Council of the City of Hoboken, at the City Clerk’s
office, Hoboken, N. J., and shall he accompanied by
certified check for two thousand dollars ($2,000).
The Mayor and Council reserve the right to reject
any or all bids If deemed tn the Interest of the city
so to do.
By order of the Council.
JAMES H. LONDRIGAN,
City Clerk.
City of Harrodsburg, Ky., ATLANTIC CITY, N. J.,
BONDS.
BONDS FOR SALE.
Sealed bids will be received until JUNE
27tli, NOON, 1903, for the purchase of
$18,000 Coupon Bonds, due In 20 years after
date, bearing 4 per cent interest, payable
January and July, each year.
Date: July 1st, 1903.
Purpose: Erecting an Electric Light Plant.
Denomination: $500 00.
Payable at Chase National Bank, New York
City.
Authority: Vote taken under Kentucky
Statutes.
City Indebtedness: None.
Assessed Valuation: $1,400,000.
Certified check of $500 must accompany
eaoh bid.
Right reserved to reject any and all bids.
For further Information write to
C. D. THOMPSON,
F. P. JAMES,
Committee.
Harrodsburg, Ky.
INVESTMENT BONDS
OF
M unicipalities,
R ailroads
and
Corporations,
Suitable for Savings Banks. Estates, Trust
Funds and conservative private investors.
W rite fo r Circular.
MASON, LE W IS
8c
CO .,
M U N IC IP A L
AND
Public Service Corporation
BONDS.
E. H. R O L L I N S
8c
BOSTON.
Chicago.
SONS,
San Francisco.
Sealed proposals for $140,000 Atlantic City Bonds
will be received by the City Comptroller on MON
DAY, JUNE 22, 1903, at the hour o f twelve o’clock
noon. These bonds are In four lots, namely:
$75,000 thirty-year Water Bonds,
$30,000 thirty-five year Library Bonds,
$ao,OOl ten-year Improvement Bonds,
$15,000 twenty-year Paving Bonds.
Proposals must be upon a form furnished by the
City Comptroller.
The legality of these bonds has been approved by
Dillon & Hubbard, of New York, and their certifi
cate will accompany the bonds when delivered on
July 1. 1903.
Full particulars and a blank form of proposal will
be furnished on application to the City Comptroller.
A. M. HESTON,
City Comptroller.
City of Atlantic City—Department o f Finance.
J. A. JEFFRIES, Treasurer.
$ 2 5 0 ,0 0 0
Township of Lower Merion,
M O N TG O M E R Y CO., P A .,
SEWER BONDS.
TO BANKERS. FINANCIERS AND INVESTORS:
Sealed bids will be received up to noon o f JUNE
16th, 1903, for an Issue of $250,000 o f gold bonds of
the Township o f Lower Merion, Montgomery Co„
Pennsylvania, to bear Interest at the rate o f three
and a-half per cent per annum, free of tax, in series
running five to thirty years from July 1st, 1903. The
loan Is for the construction of a sewer system. All
bids will he conditioned on the approval of the
legality of the bonds by counsel for bidders. Circu
lars giving full particulars will be furnished on
application to
FINANCE COMMITTEE,
Ardmore, Montgomery Co., Pa.
BANKERS.
B oston .
C h ic a g o .
P h ila d e lp h ia .
T . B. P O T T E R ,
Denver.
1319
MUNICIPAL and
CORPORATION
BONDS,
172 W ash it^ton Street,
C H IC A G O ,
LIST
-
-
-
IL.L& .
ON A P P L I C A T I O N .
Kansas Municipal Bonds
B ou g h t and Sold .
D. H. M AR TIN, Topeka, Kan.
BONDS
SUITABLE
FOR
Savings Banks,
Trust Companies,
Trust Funds,
Individuals.
Rudolph Kleybolte
8c
Co.,
1 N A S S A U S T .. N E W Y O R K C IT Y
THE
1320
C H R O N IC LE .
W a l n u t Grove, M in n .— Bonds Not Sold.—We are advised
that the $10,000 5%20-year sewer and water bonds offered for
sale on May 9 have not yet been disposed of.
W a ln u t R i d g e S p e c i a l S c h o o l D i s t r i c t , L a u r e n c e C o u n t y ,
A r k . — Bond Offering.—Proposals will b e r e c e iv e d until 12
M.. July 15, by the Bank & Tru9t Co. of Walnut Ridge, for
$15,000 5% 5-20-year (optional) bonds. Denomination, $500.
Interest, Jan. 1 and July 1 at the Bank & Trust Co. of Wal
nut Ridge.
W a r r e n C o u n t y ( P . 0 . W i l l i a m s p o r t ) , I n d . — Bond Sale.—
On June 4 $23,000 6£ 2-6-year (serial) gravel-road bonds were
awarded to the Williamsport State Bank at 105‘809. Follow
ing are the bids:
W illia m sp ort State B an k
124,338 00 I W arren C ounty B an k............ $23,826 00
J. A . D in w id d le....................... 23,993 00 P. 8. B r ig g s * Co., C in c ln ... . 23,260 00
J. F . W ild & Co.. Indlana’lis.. 23,826 00 1
W a s h in g t o n T o w n s h i p S c h o o l D i s t . ( P . 0 . C o l t o n ) , H e n r y
C o u n ty , O h io .— Bond Offering.—Proposals will be received
until 12 m., July 2, by O. F. Thompson, Clerk, for $1,840 6£
school-honse bonds, Denomination, $670. Interest, semi
annual. Maturity, one bond March 1, 1904, and one bond
Sept, 1,1904.
W a y n e s v i l l e T o w n s h i p , H a y w o o d C o u n t y , N . C .—Bond
Sale.—On June 3 the $50,000 5% 30-year road bonds described
in V. 76, p. 1160, were awarded to Seasongood & Mayer, Cin
cinnati, at 102668.
W e s t M a n c h e s t e r , P r e b l e C o u n t y , O h io .— Bond Offering.
—Proposals will be received until 2 p . m . July 6, by. R. H.
Siler, Village Clerk, for $17,000 6£ water bonds. Authority,
Sections 2835. 2836 and 2837 Revised Statutes of Ohio. De
nomination, $500. Date, July 1,1903. Interest, semi-annual.
Maturity on July 1, $500 yearly from 1906 to 1911, inclusive,
and $1,000 yearly from 1912 to 1919, inclusive, and $1,500
yearly from 1920 to 1923, inclusive. Certified check for 10#
of the amount bid required.
W h i t e s b o r o , N. Y.—Eond Sale.—On June 10 an issue of
$9,000 4% 20-30-year (optional) sewer bonds was sold to John
A. Cantwell of Utica at 103'21. Denomination, $500,
W h it m a n C o u n t y ( W a s h .) S c h o o l D i s t r i c t N o. 1 .—Bond
Offering.—Proposals will be received until 2 p. M., June 23,
by L . E. Allen, County Treasurer, for $10,000 bonds. De
nomination, $1,000. Date, Aug. 1, 1903. Interest, semi
annual. Maturity, Aug. 1, 1911. Bidders are requested to
name the rate of interest at which they will take the bonds
at par, and to state whether or not they will furnish blank
bonds. Certified check for $500 required.
Wichita (Han.) School District.—Bond Offering.—Propo
sals will be received until June 20, by C. S. Caldwell. Secre
tary for $50,000 10-20 year (optional) school bonds. Denom
ination, $1,000. Bids are requested on bonds hearing from 4<jt
to 4%% interest.
Williamston, N. C.—Bond Offering.—Proposals will be re
ceived until 12 m.. June 15, by the Board of Graded School
Trustees, W. C. Manning, Secretary, for $5,000 6$ bonds.
Denomination, $500. Interest January 1 and July 1 at the
Bank of Martin County in Williamston. Maturity, $1,500 in
ten years, $1,500 in twenty years and $2,000 in thirty years.
Certified check for 5g of bonds bid for required.
Winton Place, Ohio.—Bond Offering.—Proposals will be
received until 12 M., June 30, by Louis G. Dittos, Village
Clerk, Room 75, Blymyer Building, 514 Main Street, Cincin
nati, for the following bonds :
$45,000 4g 30-year sewer b onds. D enom inations, tw en ty-five o f $1,000 each,
th irty o f $500 each and fifty o f f 100 each.
3,000 4% 30-year street-im p rovem en t bonds. D en om in a tion , $500.
Date of bonds, Jnly 1, 1903. Interest, semi-annual. Ac
crued interest to be paid by purchaser. Separate bids to be
r n o f lp f n r AQph ia a n p
- Woodbridgel Township (N. J.) School District.—Bond
Offering.—Proposals will be received until 8 P . M . , Jnly 6, by
the Finance Committee for $13,000 5% coupon bonds. *De
nomination, $1,000. Date, July 15, 1903. Interest semi
annually at the Rahway National Bank. Maturity, $1,000 in
ten years, $2,000 in eleven years and $1,000 yearly there
after.
Yonkers, N. I .—Bond Sale.—On June 10 the People’s Sav
ings Bank was awarded the following bonds: $10,000 4%
building and dock bonds maturing Nov. 1,1913, at 104362;
$3,000 4% park bonds maturing $2,000 May 1. 1916, and $1,000
May 1, 1917, at 105’483, and $10,000 4% police-pension-fund
bonds maturing Feb. 1, 1908, at 102’ 152. A bid of 100’86 for
all the bonds offered was also received from the Yonkers
Savings Bank.
Youngstown, Ohio.—Bonds Proposed.—The City Council
has before it an ordinance providing for the issuance of
$150,000 filtration-plant bonds.
INVESTMENTS.
MISCELLANEOUS.
J. F. WILD & C0.9
The Mutual Benefit
BANKERS,
lu d iau ap olis, Ind.
[VOL. LXXVI.
L I F E I N S U R A N C E C O ., N E W A R K . N . J ,
MISCELLANEOUS.
T he A m e r ic a n M f g . C o .
Frederick Freunghuysen, President:
HIGH-GRADE
MUNICIPAL,
C O R P O R A T IO N ,
RAILWAY
ASSETS (M arket V alu es) Jan. 1,1903 .$82,833,726 16
S U A B IL IT IE S .............................................. 76,178,960 43
SU B PLU S.......................................................
MUTUAL BENEFIT POLICIES
W h ich are n o t com b in ed in the
PO L IC IE S OF A N Y O T H E R C O M P A N Y .
VICKERS & PHELPS,
29 Wall Street
E.
GRADE R AILR O AD
66 BROADWAY, - - NEW YORK.
MU NI CI PA L BONDS.
M em ber N. Y. C onsolidated Stock Exchange.
C. S T A N W O O D & Go., B eag fa t aBn Od NSDo Sld Af oNr DC aSshT OoCr KonS M a r g in .
B O N D S .
BAN KERS,
IOWA AND M IN N E S O TA
121 Devonshire Street,
BOSTON.
5% M U N I C I P A L . B O N D S ,
H A R R Y 3 . P O W E L L Sc C O .
W o o d s t o c k , V e r m o n t.
SECURE BANK VAULTS.
H A N D -B O O K
PR IX
OF
GENUINE
(Issued Semi-Annually by the Publishers of
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F O B S A F E S, V A U L T S , Ac.
Oannot be Sawed, Cut or D rilled, and p ositively
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COMMERCIAL & FINANCIAL CHRONICLE.)
C H R O M E STEEL. W O R K S ,
JULY E D IT IO N .
PAPERS.
T h ey are th e on ly A m erican papers w hich have
ev e r received th is—the highest h on or th a t can be
con ferred . It m eans they are th e m ost p erfect
m ade. Insist on h avin g them fo r your fine corres
p on d en ce and you r office station ery. A re you using
W hitin g’s Ledger Papers in you r B lank-Books.
Samples and b ook let free.
W H IT IN G PAPER C OM PA NY ,
HOLYOKE, MASS.,
A nd 150
D u a n e
S t r e e t
-
N e w
T E R M
the
S :
Supplement File Cover.
P r ic e o f Single Copies,
$1 OO
T o S u b scrib ers o f the C h ro n icle,
75
W e have a new F ile C over fo r h olding th e C h r o n
T o Bankers and B rokers In quantities, with th e ir
eards lettered in gilt o n the cover, at special rates.
ic le
S u p p l e m e n t s . It is a string file sim ilar to
the one used fo r filing the C h r o n ic l e hut adapted
especially fo r th e S u p p l e m e n t s ,
Y o r k .
Railroad Securities.
WELDED CHROME STEEL AND IRON
K en t A v e ., K eap and H o o p e r Sts.,
Sale Man’f ’ers in th e U . 8.
B R O O K L Y N . N. V .
WHITING’S STANDARD
C orrespondence Invited.
T elep h on e 2386 C ortlandt
E stablished 1868.
READY JULY I5TH.
C orrespondence invited.
GRAND
Fred. H. Smith,
B an ker and B rok er,
New York.
IN V E S T M E N T B R O K E R S ,
THE
63-65 Wall Street, New York.
Special and Peculiar Advantages
Indiana Bonds and Local Stocks
a Specialty.
H IG H E S T
CORDAGE.
6,654,766 73
CONTAIN
BONDS.
MANILA SISAL AND JUTE
Price, 50 cen ts, or 68 cents sent by mall.
W IL L IA M B. D A N A COM PANY
Pine Street, cor, Pearl Street, New York.
@FedFRASER