Full text of Commercial and Financial Chronicle : June 14, 1902, Vol. 74, No. 1929

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Q uotation -S u p p le m e n t (M
onthly)

S tr e e t R a ilw a y -S u p p lem en t

I n v e s to r * S u p p le m e n t (Q arteriy)
u

S ta te and C % S u p p le m e n t

[E n tered aooording to A c t of C ongress, In tlie y ea r 1 9 0 2 , by tlie W i l l i a m B . D ana Co m p a n y , In th e offloe of th e L ibrarian o f C on gress.]

VOL. 74.

SATURDAY, JUNE 14, 1902.

NO. 1929.
W eek en d in g J u n e 7.

3pue

Clearings a t —
1902

P U B L IS H E D W E E K L Y .

T e r m s o f S u b s c r ip tio n — P a y a b le in A d v a n c e :
F o r One Y e a r . . . . . . . , . . . . . , . . m . . . . . . . . ,
.■ •*..•.$ 1 0 00
For S ix M o n th s........... . . . . . . . .................... ...................... .
600
■ n ro p ean Subscription (in cludin g p o s t a g e ).......................... . 18 00
E uropean Subscription S ix M onths (In cludin g p o s t a g e ) . . . . . . .
7 50
A n n u al Subscription In L on don (in cludin g p o s t a g e ) . . . . . . . . . . . a 2 14 s.
S lx M o s .
do.
do.
do.
...........A llis .
A b o v e subscription in clu des—
b a n k e§ Q u o t a t i o n S u p p l e m e n t i s t e e b t r a i l w a y s u p p l e m e n t
I n v bsto bs’ Su pplem

1State

ent

and

T erm s o f A d v e r tis in g — ( P e r
T ransient m atter.............. .

$4 20

STANDING B U SIN E SS O A S D S .
T w o M o n th s
(8 t i m e s ) . . 2 2 0 0

Cit y S u p p l e m

ent

I n c h S p a c e .)

T h ree M onths (18 tim es). .$29 00
S ix M onths
(26 “
) . . 50 00
T w e lv e M o n th s (52 “
). . 8700

L o n d o n A g e n ts:
M e s s r s . E d w a b d s & S m i t h , 1 D r a p e r s ’ G a r d e n s , E . O ., w i l l t a k e s u b ­
s c r i p t i o n s and a d v e r t i s e m e n t s , a n d s u p p l y s i n g l e c o p i e s o f t h e p a p e r
at Is. each.

P

o st

W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
P in e S tre e t, C o rn e r o f P e a r l S tree t,
Of f ic e b o x 9 5 8 .
NEW Y O R K ,

C L E A R IN G H O U S E R E T U R N S .
T h e fo llo w in g ta b le , m a d e up b y te le g r a p h , e t c ., in d ic a te s
th a t th e to ta l b a n k c le a r in g s o f a ll th e c le a r in g h o u se s o f
th e U n ite d S ta te s for th e w e e k e n d in g to -d a y , J u n e 14,
h a v e b een $1,902,401,347, a g a in s t $2,104,307,355 la s t w e e k and
$2,314,274,961 th e co rr esp o n d in g w e e k la s t y ea r.
Clearings—R e tu rn s by Telegraph,
W eek E n din g J u n e 14.

1902.

1901.

P . Cent

N e w O r le a n s ...................................................

1894.163,821
106,103,879
83,603,121
18,062,956
131,311,302
41,408,101
8,801,084

$1,245,513,291
113,833,005
109,941,483
19,658,717
135,470,043
30,980,457
8,601,322

-2 8 -2
—0-4
—23-8
—7-0
-3 1
+18*0
+ 4 -2

S e v e n c i t i e s , 5 d a y s .............................
O th er t i t l e ! , 6 d a y s ......................................

»1,283,722,083
280,971,413

$1,059 289,317
240,411,613

-2 2 6
+ 10-9

T o t a l a ll t i t l e s , 6 d a y s .........................
A ll t i t l e s , 1 d a y ..............................................

11,504,893,473
337,707,871

$1,899,700,930
414,674,031

-1 7 -1
-1 8 -5

T o t a l a l l t i t l e * f o r w e e k ...................

11,902,401,347

$8,314,274,901

-1 7 '8

N e w Y o r k .........................................................
P h i l a d e l p h i a ....................................................

T h e fu ll d eta ils for th e w e e k c o v e r e d b y th e a b o v e w ill be
g iv e n n e x t S a tu rd a y .
W e c a n n o t fu r n ish th e m to -d a y ,
c le a r in g s b e in g m ad e up b y th e c le a r in g h ou ses a t n o o n on
S a tu r d a y , a n d h e n c e in th e a b o v e th e la s t d a y o f th e w e e k
h as to b e in a ll oases e stim a te d , as w e go to p ress F r id a y
n ig h t.
W e p resen t b e lo w our u su a l d e ta ile d fig u res for th e p re­
v io u s w e e k , c o v e r in g th e retu rn s for th e p eriod e n d in g w ith
S a tu rd a y n o o n , J u n e 7, an d th e r e su lts for th e corresp on d ­
in g w e e k in 1901, 1900 a n d 1899 are also g iv e n . C o n tra sted
w ith th e w e e k o f 1900 th e to ta l for th e w h o le c o u n tr y sh o w s
a loss o f 23’5 per c e n t. O u tsid e o f N e w Y ork th e in cr ea se
over 1901 la 1'5 per c e n t.
Week ending J u n e 7.

Clearings a t —
1902.
N e w Y o r k ...................
P h ila d e lp h ia .............
P lt t t b u r g ..................
B a l t i m o r e ...................
B u f f a l o .........................
W a s h in g t o n ...............
A l b a n y .........................

Rochester................

S y r a c u s e .....................
S c r a n to n ......................
W ilm in g to n ...............

B in gh am ton ..............

C h a tte r .................
G r e e n tb u r g ...............
w h e e l i n g , w . V a ...
W ilk e* B a r r e ............
T o t a l M id d le ..........

1901.

1902.

1900.

1899,

P . Centt
$
t
$
- 8 4 -7
1,241,207,282 1,899.834,882
808,031.097 1,039,203,504
118 351,942 144 855 084
—18 8
85,003.810
78,424,261
43.888 748
40 525 928
-5 -4
84,280.010
22 504 084
26 348,216
+75
21,01.4,031
22,799 908
24,500.038
5 221,037
-2 4 5
0 020.712
5 800,500
5,165 005
+ 44-7
4,547,088
8,142 182
3,050,109
2 701,019
8 005,160
-t-10’8
8,625,001
2,691,891
2,074,750
—18*7
8,712 000
4 800,107
2 583 279
2 044 034
1,420 740
+15 0
1,242,557
1,180,745
1,135,120
+198
1 021,258
1,868,804
967,079
1,057,087
+24 0
1,172,750
04 5 778
881,460
789.193
481,700
+104
801 000
404 000
862,700
584 878
-8 1 -2
867 289
810 168
270,000
510,60?
508,886
+ 08
803,710
400.000
757 077
687 282
+20 0
883,718
950.764
- 7 -1
1,454,470.708 3 180.086 481
- 8 2 0 1 087.101.840 1,179 408 808

1901.

1902.

1900.

1898.

N a w B e d f o r d .........
H o l y o k e ......................
T o t a l N e w E n g ..

$
184.895,484
0.005.900
8,978 945
2.570,080
1,702,222
1.069.770
1,084 5B9
883,886
012.159
651,200
438.781
154,502 536

P . 0 « n t.
$
-1 1 -4
152 302 313
+92
6 049 900
2,881,214
+ 3 -4
+ 6 0 -9
1,638.031
+7"4
1,040,280
+ 1 4 -0
i.,455 584
+ 22*0
1.302,221
+ 2 -0
797.000
-1 0 4
769.760
517,003
+0 8
802.880
+ 2 1 '0
-0 0
169,700,816

$
118.838,744
5,678,100
2.381,885
1,458,030
1,383.900
1.198,946
802 012
826,278
571,898
447,125
299,061
138,804,174

C h ic a g o ................. .
C in c in n a ti............. . .
D e t r o i t .,.....................
C l e v e l a n d .................
M ilw a u k e e ................
C o lu m b u t. . . . . . . . .
I n d la n a p o llt .............
P e o r i a ........................ .
T o l e d o ................
G ra n d R a p id * ..........
D a y t o n ......................
E v a n s v i l l e ................
Y o u n g s t o w n ............
S p r in g fie ld . 1 1 1 .....
L e x i n g t o n ...............
A k r o n ........................
K a la m a z o o ............... .
R o c k f o r d ...................
S p r in g fie ld , O h io ..
C a n to n .......................
J a c k s o n v i l l e , 111...
Q u i n o y .......................
B lo o m in g to n ............
J a c k s o n .....................
A n n A r b o r ................
M a n sfie ld ,........ .........
D e c a t u r ......................
T o t .M I d .W M f n ,

161.991,828
27,350,550
11,448.033
10.074,797
6 984,704
8 2S8 740
6,794 592
2,474,141
2.328 405
1.328 414
1,331,710
1.111,454
602.008
680,910
562.438
584 200
470.732
.891,295
875.731
536,691
192 517
209,270
883.459
198.065
93.570
102,270
385,040
252,898,069

164,905 438
23 060 800
13,087.807
14,804,084
7.413 084
7,954,100
4 875,000
2,416 828
2,222 327
1 288,809
1,305.201
931,744
403 625
005 820
547,488
062,700
432 810
. 315,617
318,310
353,424
100 014
293.341
279.341
260,889
101,935
65,000

-1 -8
+ 2 4 -0
-1 2 -e
4 8 '1
-6 -8
4-8'6
+ 2 0 '8
+8 4
+ 4 '8
+ 4 1 -6
+ 1 0 -5
+ 10*3
+ 94-2
+12*4
+0*9
-1 1 * 9
+8*8
-7 * 6
+ 1.7-9
+51*5
—2*2
—8'2
+87*0
—20'6
—9'2
+1950

130.264 228
18,285,450
8,708.035
12,237,134
5,894 031
5.011 500
3,212.468
1 700,026
B.018,709
1,187,658
1,004,783
869,168
828.725
504,954
433.838
560,100
420.048
268,128
258,405
805,000
158,820
323,000
219,630
180,000

247,971.931

+1S

800.965,898

180,850,729

21.170,81=
3 140.748
2,000.000
3.005 778
3 153.464
1,345 780
1,227.120
089,838
410.823
230 619
30,908.510

+9*8
-3 ? * 7
+9*6
+71*7
+82 8
+47 e
+9 0
-2 8
+ 12-8
+14*4
+10*9

13 993 071
1,945 438
2,015.444
8,800,745
2,221,155
1,187,140
1,849,934
612,405
878,808
177.287
81.180 967

17.288.727
2.132.948
1,693,102
1,578,724
1,855,600
1,309,610
778 60S
625,044
276 254
108.504
27,402,077

-7 * 6
+5*0
+14*1
+10*2
+ 1 8 '5
—1*8
+48*9
+8*1
+51*0
+12*0
+0*1
+ 1 9 -7
-2 2 '5
+4*6
+10*8
+15*2
+12*1
+9*0
+40*4
+ 9 -6
+0*6
+4*8
+24*8
+290
+0*4
+87*9
+10*2
+ 4 2 -2
+ 2 1 '5
—18't
+57*8
+ 1 0 '1
+30*8

14,801.850
12,258 789
6,870.260
4,945,422
8.968,104
5,344,673
1,402,854
1,127,102
1,278,131
748,307
588,728
169,370

11,988,860
11,041,478
5 515.875
5 021.770
3,355,778
3,234.882
1,637.819
956,538
1,052.872
642,462
602,444
164,760

58 324 725
88.045.153
8.078,571
7,510.721
2,780 000
2,045,708
8,221,007
4,025,405
2,469 587
1 .521901
1,704 101
1,397,780
811,089
001 528
1,240.080
827,113
524 000
431.009
402,411
248.202

44 202.541
32 475,194
7.244 188
8,878,898
2,738,850
2.063.412
2,843,115
2.654.140
8.364,880
1,047,983
1,540,803
1,074,165
1,061,309
788.087
1,276,260
506.100
406,000
883 213
847,741
230,019

B o t t o n ........................
P r o v i d e n c e ........ .
H a r t fo r d ............
N e w H a v e n ..............
8 p r ln g f le ld ................
W o r c e s t e r .........
P o r t l a n d ................... .
F a ll R i v e r ................. .

L o w ell....................

S a n F r a n e ls c o .
S a lt L a k e C it y .
P o r t l a n d ............
L o s A n g e le s ...
S e a t t l e .................
S p o k a n e .............
T a c o m a ..............
H e l e n a .................
F a r g o ...................
S io u x Fall*.......
T o ta l P a tilie .
K a n s a s C it y ...............
M in n e a p o lis ...............
O m a h a ....................... .
S t . P a u l ..................... .
D e n v e r ....................... .
S t .'J o s e p h .................
D e s M o in e s .........
D a v e n p o r t - ..............
3 1 o u x O lty .................
T o p e k a ...............
W l o h l t a .....................
F r e m o n t ...................
C o lo r a d o S p r in g * ..
T o t. o th e r W e st.
S t . L o u i s ...................
N e w O r le a n s ............
L o u i s v i l l e ..................
G a l v e s t o n .................
H o u s t o n .....................
S a v a n n a h ..................
R ic h m o n d ..................
M e m p h is................
A t l a n t a . ................... .
N a s h v i l l e ..................
N o r f o l k ......................
A u g u s t a .....................
K n o x v i l l e . . , ............
F o r t W o r t h ..............
B ir m in g h a m ............
M a o o n .........................
L i t t l e R o o k ...............
C h a t ta n o o g a ............
J a c k s o n v ille .............
B e a u m o n t .................
T o t a l S o u t h e r n ..
T o t a l a l l .................
O u ts id e N . Y o rk
CANAD A—
M o n t r e a l...................
T o r o n t o ....................
W i n n i p e g .................
H a l i f a x . . ...................
H a m ilt o n ............... .
S t. J o h n .....................
V ic t o r ia .....................
V a n c o u v e r ...............
Q a o b e o .....................
O t t a w a - ...................
T o t a l C a n a d a ..

28,251 386
3,053 141
2 8*6,726
5 813 580
8,863,980
1,838.468
1,039,446
670.628
400,991
268 039
43,208.281

22 077 224
19 680 70S
8,880 9311,844,806
1,035,001
1,007,07''
496,201
1,207.751
1,671,42'
1,930,311
63,141.761

183,925.887
34 335.950
8.701,087
9,800.177
5 317,188
5,035 809
8,505,468
1 7 8 0 ,3 * 3
2.227,759
1,088,818
1,059 942
701,589
332.909
842.884
340,559
409,000
898,240
293,593
234,817
209.712
149,520

50,000

Not Include d In to t al.

10 055 926
17,625,158
11,783,070
12.387,685
6 895,493
7.867,819
4,818 187
6,806 463
4,192,800
4,798 590
5,696 898
5,525,081
1.039,283
2.440.404
1,142,403
1,985,194
1,300,620
1.972,881
899,883
1,007,005
584,121
564,881
186,814
228,000
710 182
550,000
68,783,164
81,488,080
51.000.030
68 519 386
9 384.065
1 0,751198
10,051 425
11 271.395
2,520,500
2,701,000
8,510,108
4,987,056
2,874,722
2,600.000
4.128 809
4,144.088
8,123 087
3.256,731
1.838.708
2294 .6 9 2
1,408 707
1,884 179
1.813 203
1,848.804
739 9B4
1,019,496
022,170
723.015
1,060,864
1,492,141
841,206
1,022,381
557,00C
487,001
407,620
737,80C
484.427
683 591
34 1 8 3 6
440 62!
342.898 N ot Include
95,806.895
108,190,081
2,104,807,866 2,748,920,200
840.891,904
_ 803,1OO,128

131,225.304
0.
040 8 0 0
2,284,544
1,848,488
1,
B00.988
1,800,590
1.402 359
993.389
018,801
403,058
250,000
151,029,917

d In to t al.

70,138,848
+12*9
78 285 037
—23'6 1,549 812,335 1,653,371.538
+1*5 051,751,288 014.178,084

18,540 068
18 795 880
1,000,091
1,800,481
817,48=
856,141
820.711
8H8.807
1,728,90?

+22*8
-j-42'2
+78'<
-1 * 2
+207
-17*8
—io-(
+35*1
+8*1

14,571,242
11,898 421
8,239,098
1,503,048
801,828
778.104
071,887
090,097
..........

20,154,808
0 740,512
2,119,991
1,859,100
727.084
788 084
695 910
714,970

41 080,1361

+2H'r

8 8 .8 1 8 8 7 0

82,185,605

Not Inoludt d In to a l.

1218
OUR

THE

C H R O N IC L E .

[V ol . L x x r v .

There is still another important difficulty in the

RECORD
OF
BOSTON
STOCK way of the acceptance or even in the way of a serious
EXCHANGE PRIC ES ENLARGED.
consideration of another advance in wages by the

Oar compilations of Boston stock and bond prices anthracite operators at this time, and that is because
have been greatly extended, and now appear in a new it would enforce further advance in the selling price
form. They will be found on pages 1244 and 1245.
of their product. A higher price for anthracite coal
cannot be submitted to by the publio; it would be a
severe tax on the poorer classes who have to use coal
THE F IN A N C IA L SITU ATIO N .
for fuel; then again a higher price would decrease the
A new feature in the coal strike has been the intro­ consumption of anthraoite. The decreased con­
duction as an investigator of Carroll D. Wright, sumption would be induced in two ways. Anthracite
United States Commissioner of Labor, who has visited coal all the time has to compete with bituminous.
and interviewed the leading parties interested. At Every rise in price consequently tends directly to
first it was announced that he came as a kind of inter­ lessen its use wherever the two kinds are competit­
mediary between the mine workers and the operators. ive. Moreover a rise in price tends to shut out all
Mr. Wright soon made it known that he had no such foreign shipments. It is with low prices, large pro­
mission; that he was merely acting under the law duction and large consumption that almost every
which “ charged him to investigate the causes of and properly-conducted enterprise secures to-day a return
facts leading to all controversies and disputes between to the capital employed. Consequently if in the ways
the employer and the employe asjthey may occur, and mentioned consumption is contracted, and if use is
which may tend to interfere with the welfare of the not otherwise enlarged, the market price of anthracite
people;” authorizing him also “ to make reports on would have to be further advanced unless we would
particular subjects whenever required to do so by the deny to capital any share in the product of its
President or either House of Congress, or when he work.
shall think the subject in his charge requires it.”
A very good result has already been attained in tak­
Among the good work done at this session of Con­
ing action under the provisions of this statute. The gress must be reckoned the action the current week
publio had been from the first in no little uncertainty of the House in striking out, by a vote’of 116 to 77,
as to just what the differences were which led up to the enacting clause of the Corliss Pacific Cable bill.
the withdrawal of the men from their work. That That summary transaction will secure no record
doubt has now been cleared away, and what the con­ among the “ Acts of Congress.” But does not this
tention of each party is has become apparent, first by incident suggest that a truer judgment might most
the letters which passed between the operators and any year be reached of any Congress or legislative
the representative of the mine workers, and next by body if it were known more by the legislation killed
the statements of the presidents of the leading coal than by the laws passed. One often hears our statute
companies, showing the impossibility of their yieldieg books spoken of as including a large mass of poor
to the demands of the labor union. We cannot go stuff. Only think how much larger a proportion
into these matters in detail to-day; but if there were might be subject to that criticism were it not for the
no other differences than those involved in the demand diligence and good sense of members who are every
made for higher wages, the facts show that it would year defeating a host of other pernicious proposals.
be impossible for the operators to yield to the labor If our readers will turn to the Ciirontcle of February
requirement or to submit the dispute to arbitration. 22, page 399, they will find a short review made of the
The demand was for the coal companies to join in a majority report of the House Committee on InterState commerce when this Government cable measure
conference with the labor union for a wage scale.
This, we repeat, the operators could not respond was introduced. Its purpose was to authorize the
to favorably—( 1 ) because a uniform wage scale for all United States Government to lay a cable across the
anthracite mines is wholly impracticable on account Pacific to Hawaii and to the Philippines. The rea­
of radical differences between such mines; it is also sons the committee gave for passing the bill appeared
true that a wage scale may be workable in the bitu­ to us at that time as coming very far from making
minous regions but not in the anthracite. (2) More­ out a case in its favor. There were also, it was said,
over, the method of disturbing relations between em­ when the bill was introduced,three private cable com­
ployer and employe once a year through a convention panies ready to lay cables to the points designated,
of miners' delegates (not having the technical knowl­ without asking any grant from the Government. One
edge of the varying conditions at each colliery),which of them it seems, the Commercial Cable Company—as
assumes authority to fix a new wage scale and enforce Mr. Richardson of Alabama stated on Wednesday of
it upon operators, is subversive of a wise management this week in addressing the House—has since then
of any industrial enterprise and of carrying through gone forward under the Post Roads Act in lack
any settled business plans or operations. (3) This of other authority. Mr. Adamson of Georgia
wage scale has been tried the past year and has likewise read a cablegram from London dated the same day,
proved destructive of discipline, because it creates a certifying that 1,065 nautical miles of the cable to be
divided allegiance which destroys operators' authority laid between San Francisco and Honolulu had been
where discipline is essential; as a result the efficiency already completed, and that the work was proceeding
of the mines has decreased, the contract miners hav­ at the rate of 26 miles a day ; thereupon he made
ing worked only four and a-half to six hours a day the motion to strike out the enacting olauso of
the past twelve months, and the product of the mines the bill introduced by the Inter-State Commerce
having thus shown a material loss. The foregoing Committee. At this juncture Mr. Cannon of Illinois
suggestions were all given with so much detail in the threw the weight of his influence agaiust the bill, aud
papers submitted to Mr. Wright that we only refer to the motion passed as noted above. With that vote the
them very briefly.
Government was saved from the espousal of a per-

J une 14, 1902.

rH E

C H E O M K /L E ,

1219

niclous principle, from 10 to 20 million dollars first Rod River Vailey at sowing time. Tho Agricultural
Bureau estimates a reduction of 12*8 per cent in the
cost, and from an annual deficit thereafter.
spring-wheat area, or about 2,511,000 acres. This
The monthly report of the Agricultural Bureau at added to the reduction in winter wheat acreage seems
Washington Issued the present week, and showing the to point to a total reduction in the wheat area of be­
condition of the country's growing crops on the first tween 4 and 5 million acres. On an average yield of
of the present month, reflects on the whole a de­ 15 bushels per acre this would mean a reduction on
cidedly satisfactory agricultural outlook. With the that account of between 60 and 75 million
single exception of winter wheat every leading crop bushels. We have already indicated that such
at the date named had a better promise than on the a reduction, if it should occur, could easily
first of June last year. Quite contrary to expectations be borne. Some discussion has taken place as
the Bureau shows no improvement in the condition of to whether the decrease in acreage must not be fur­
winter wheat as compared with a month ago, placing ther enlarged by reason of the great change which
the figure at 76-1 on June 1, against 76‘4 on May 1. All has been going on in Nebraska from spring wheat to
private accounts agree in saying th at under the favor­ winter wheat. But we do not see how this can affect
able weather conditions which prevailed during May the result in any way, since the total acreage in wheat
(the districts which had previously suffered from in that State (spring and winter combined) will
drought having received abundant moisture), a great actually be a little larger the present year than the
change for the better occurred in all the large pro­ total acreage in that State last year. The winterducing States of the Central West. So the Bureau's wheat area is put at 1,643,202 acres, and the springfigures must be accepted as the very lowest indication wheat area at 832,979 acres, making 2,476,181 acres
of the possibilities of yield. At 761 the present year's together, as against 2,456,543 acres last year.
In the case of all the other leading crops the prom­
condition compares with 87‘8 last year on June 1, 82'7
in 1900 and 67 3 in 1899. As an offset, however, to ise, as already stated, is unusually favorable. The
this lower average of the fall-sown crop, the general Bureau does not this month issue any figures as to
condition for the spring-wheat crop is put at 951, corn, but it is known that conditions for this crop thus
against 92-0 in 1901 and 87*3 in 1900. What the far have been extremely auspicious. In the case of oats
aggregate yield of winter and spring wheat combined the Bureau puts the status June 1 90'6, as against
the present year will be cannot of course be foretold only 85 3 on June 1 1901, the acreage being at the
at this date. Very confident estimates have been put same time a trifle larger. Barley is not, an important
forth to show that the total crop must fall 100 crop, but it is interesting to note that the acreage has
million bushels below last year's total crop. In increased 8£ per cent and that the condition is 93 6,
the nature of things, however, such estimates now against 91*0 on June 1 1901. And generally speak­
are mere conjecture, as weather conditions between ing the Agricultural promise the present year, in
now and harvest time (which in the case of spring sharp contrast with the conditions a year ago, is highly
wheat at least is a good ways off yet) may encouraging.
greatly modify present prospects either for better or
Iron production in the United States continues on
for worse. Ic is proper to say though, that should
the estimate of 100 million bushels reduction in yield a phenomenally large scale. To be sure the blast fur­
prove correct, it would still leave the crop a large nace statistics issued the present week by the “ Iron
one, for comparison is with the very heaviest yield Age" of this city show that the capacity of the active
ever harvested in this country; that is the crop would furnaces on June 1 1902 was not quite up to the un­
be in the neighborhood of 650 million bushels. On precedented figure reached on May 1, the comparison
only one other occasion besides 1901 (namely in being 344,748 tons per week, against 352,064 tons per
1898) has the crop in this country reached as week. But this falling off is declared to have been
much as 650 million bushels, if we take the figures of entirely temporary and is ascribed to labor troubles
the Agricultural Bureau as a guide. I t is to be re­ in the Shenango and Mahoning valleys, which led to
membered, too, that a part of last year's yield of 748 the banking and blowing out of a number of furnaces in
million bushels was used for feeding purposes, re­ the last days of May and the first day of June. Since
course to wheat in certain sections of the West having then the maj ority of these furnaces, we are told, have re­
been made necessary by the almost complete failure sumed work. Moreover, the “ A ge" finds that the
of the corn crop. It seems safe enough to conclude, actual output of iron during the month of May, not­
therefore, that whatever the final result as to the withstanding the restriction mentioned, was 1,570,243
present growing crop of winter and spring wheat we gross tons, which compares with 1,503,326 tons in
will have an ample surplus of'wheat for export—prob April and 1,473,423 tons in March. Furthermore
ably all the world will need.
the opinion is expressed that the output of the current
I t is unusually difficult to determine what the acre­ month will also be up to the 1,600,000-ton mark. Stocks
age planted to wheat has been the present year and of iron are still dwindling, showing that consump­
wh at figures to compare with for last year. The trouble tion keeps well ahead of the extraordinary production.
arises in a measure out of the revision of last year's The “ A ge" finds that on June 1 the total of furnace
figures of acreage by the Agricultural Bureau, made stocks, sold and unsold (not including the holdings
necessary by the appearance of the Census returns. of the steel works producing their own iron and which
This year's area under wheat is undoubtedly smaller are never Included in the figures), were down to only
than a year ago. In the case of winter wheat a part 62,616 tons, as against 83,859 tons M ayl, 125,348 tons
of the area (as previously shown in these columns) had March 1, 218,084 tons January 1 and very much larger
to be plowed up, while in the case of the spring-wheat amounts in previous months.
area the amount sown to wheat has been reduced, owing
to a very marked tendency towards a greater diversifi­
There was no change in the official rates of dis­
cation of crops, and also owing to bad weather in tho count by any of the European banks this week. The

1220

TH E CH KO N iCLE.

Bank of Bengal, however, redaoed its rate of dis­
count from 5 per cent to 4 per cent. Hon. Edwin H.
Conger, the United States Minister at Pekin, has an­
nounced in a cable to the State Department that the
representatives of the Powers have reaohed an agree­
ment on the basis of Secretary Hay's proposition,
which was that this Government would reduce its in­
demnity claims against China from $25,000,000 to
$24,000,000 if most of the other Powers would reduce
their Bhares proportionately. The total reduction will
be about $10,000,000, thus making the total indem­
nity to be paid by China $433,000,000. There re­
mains to be settled, however, the important question
of the demand of some of the Powers that the indem­
nity be paid on the basis of exchange at the present
time instead of that on the date of the signature of
the treaty. The Chinese Government contends that
the indemnity payments are to be made on the latter
basis, and in this contention the United States Gov­
ernment joins. Owing to the depreciation in the
value of silver since the treaty was signed, if the de­
mand of the other Powers should be sustained, the in­
demnity payment would be increased by about
$70,000,000.
The statement of the New York Associated Banks
last week showed comparatively unimportant changes.
The reduction in cash reserve was $1,250,900. Loans
were decreased $1,325,700 and deposits were $2,429,900 lower. The reserve requirements were reduced
$607,475; this sum deducted from the $1,250,900 loss
In cash left $643,425 as the decrease in surplus reserve,
making this item $11,285,575.
Money on call representing bankers5balances loaned
1
on tbe Stock Exchange during the week at 3£ per
cent and at 2•£ per cent, averaging about 2£ per cent.
On Monday loans were at 3^ per cent and at 2 | per
cent, with the bulk of the business at 3£ per cent.
On Tuesday and on Wednesday transactions were at
3 per cent and at 2§ per cent, with the^majority at 3
per cent. On Thursday and on Friday loans were
at 3 per cent and at 2J per cent, with the bulk
of tbe business at 2 f per cent. Banks and trust
companies have loaned at 3 per cent as the
minimum. Time contracts have been more firmly
held, and there has been some business for short
periods, borrowers seeking to make' provision for
possible stringency during the semi-annual settlement.
Rates are 4^@4^ per cent for thirty to ninety days and
4-|@5 per cent for four to seven months on good
mixed Stock Exchange collateral. Some transactions
are reported at 4 per cent for ninety days on choice
security, these loans being made by foreign bankers.
Commercial paper is in moderate supply, while the de­
mand is chiefly from the East, and rates are 4^@4f per
cent for sixty to ninety day endorsed bills receivable,
44@5 per cent for prime and 6^ per cent for good
four to six months5 single names.

[VOL. LXXIV.

£239,000 were bought in the opevt market, £207,000
were from Egypt and £78,000 were from sundry
points)/to receipts of £257,000 n e t from the interior
of Great Britain and to an export of £20,000 to
Argentina.
The foreign exchange market has been generally
firm this week, with fluctuations within a remarkably
narrow range. The changes have been so slight as
not to be quotable by fractions, and even quotations
by decimals show small variation. One feature of
the market, which was observable early in the week,
was tbe offering of Bixty to ninety day bankers5 bills
representing sterling loans. Later there were some
of this class of drafts speculatively sold in the expec­
tation of covering or re-buying in August or Septem­
ber at a profit. These bills were promptly taken and
their offering seemed to make no impression upon the
market, for there was not the least change in rates.
The only indication of activity was in sight sterling.
There appeared to be a good demand for it on Mon­
day for the next day’s mail, but when this inquiry was
satisfied, the tone grew a shade easier, recovering, how­
ever, on Thursday. Some business was done in cable
transfers, which were firmly held throughout the
week. Bankers reported that there were few com­
mercial bills except futures against grain exports, and
there were not many drafts offered against securities,
and none, so far^ as could be traced, representing
transfers of collateral to tbe European centers. The
Assay Office paid $778,638 32 for domestic bullion.
Gold received at the Custom bouse duriDg the week,
$80,815.
Nominal rates for exchange were 4 85^@4 86 for
sixty-day and 4 88@4 88£ for sight. The market for
actual business opened on Monday unchanged, com­
pared with that at the close of last week, at 4 84
4 85 for long, though decimally stated the rate was
4 8485@4 8490, a decline of five points on the asking
price. Short was also unaltered at 4 87f@4 87-J4 8735@4 8745. Cables were the same as on Friday, at
4 87^@4 88; decimally expressed they were 4 8785@
4 8795, against 4 8790@4 88 on Friday. As above noted,
there were some offerings of long bills on Monday
and again on Tuesday, and an inquiry for short on
the first-named day, but with these exceptions the
market was without feature, and it so continued until
Thursday, there being no change either in fractions
or in quotations decimally expressed. On the abovenamed day, however, short advanced to 4 8740 @
4 8750, fractional quotations remaining at 4 87f@
4 87i, and the tone was firm. The market was steady
on Friday at 4 8490@4 85 for long, 4 8740@4 8750
for short and 4 8790@4 88 for cables. The following
shows daily posted rates for exchange by some of the
leading drawers.
DAILY POSTED KATES FOB FOREIGN EXCHANGE.
F u r.,
June e
Brown B r o * ..... 560 days.
{ S ig h t...
Baring,
(00 day*.
M ag onn& O o.. i S ig h t.,..
Bank B ritish
180 day*.
No. Am a r is e ,.. 1 Sight....
B ank of
i 60 d a y s .
M o n tr e a l,....., 1 S i g h t- ..
Canadian Bank ( 60 days.
o f C o m m e rse .. 1 S ig h t,...
H aldelbaoh. lek- ■ 00 days.
J
e lh a im sr a Co.,{ S ig h t...
L a ia rd F r e r e s .. . {60 days,
i S ig h t,...
M a rsh a n ts’ B k. {60 days.
o f C a n a d a ..... { S ig h t....

4 85*~
4 88
4 86
418*
4 86*
4 88
4 8 5*
4 88
486*
4 88
4 86*
4 88
4 8 6*
488
4 88)4
488

M o n .. TUXS,, W e d ., T h u s ,, FB I..
J u n e 9. J u n e 10 June. 11 J u n e 12. J u n e 13,

8SP

i f

~ " b6 * " I
88

F

I F

The Bank of England minimum rate of discount
66
86
86
66
86
8 8*
88*
8» *
S8H
88*.
remains unchanged at 3 per cent. The cable reports
8 8*
85*
86*
85*
88
it* 88
88
88
discounts of sixty to ninety day bank bills in London
86*
85*
88
1*
I*
T
88
2f per cent. The open market rate at Paris is 2
8 6*
86*
86*
SB*
88
88
| it* 88'
88
per cent and at Berlin and Frankfort it is 2 i per
86 *
85*
8 6*
8 5*
88
ti*
88
88
| 88
cent. According to our special cable from London
8 6* l 8 6*
85*
86*
88
| 88
the Bank of England gained £760,964 bullion during
88
88
85*
8 6 * i 8 6*
86*
the week and held £37,311,820 at the close of the
ft*
88
88
88
88U
week. Our correspondent further advises us that
The market closed at 4 84|@4 85 for long, 4 87f<&
the gain was due to imports of £624,000 (of which 4 87£ for short and 4 87f @4 88 for cables. Com-

J une 14, 1902.]

THE CHRONICLE.

1221

mercial on banks 4 84$ @4 84f and documents for always possible for a restless insurgent leader to
payment 4 84@4 85U Cotton for payment 4 84@ allege that the United States did not intend to make
4 84£, cotton for Jacceptance 4 84£@4 84f, and grain such grants.
The arrival of an hour when a civil grant of perma­
for payment 4 86@4 85£.
nent character might be made has not beep unfore­
The following gives the week's movements of money seen. Since the early part of April, two measures
with such an end In view have been pending in Con­
to and from the interior by the New York banks.
gress. They are likely to come to a vote in the not
N e t In terio r
Reteivei1 by Skipped by
W eek E n d in g J u n e 13.1903.
very distant future, and it is now our purpose to
M ovement.
N . T . Bank*. N . Y . B an k ,.
We shall refer, first, to the statements
$4,281,000 G ain. $8,146,001 review them.
16,427,000
C u rrency.
608,00C of Governor Taft of the Philippine Commission, in a
640,000 G ain.
1,147,000
S o l d ............................................................
If4,880.000 G ain. $8,744,000 recent very interesting article.
17.674,000
T o ta l sold a n d legal ten d e r* .......
“ The present condi­
tion of the Christian Filipino provinces," writes
With the Sub-Treasury operations the result is as
Mr. Taft, “ is that of peace." He had previously
follows.
said that the insurrection hitherto had “ been main­
N e t Change in
O ut o f
In to
tained only by the Christian Filipinos;" hence
W eek E nd in g J u n e 18,1008.
B a n k Boldin**.
Bank*.
Bank*.
the force of his further statement that the prov­
$4,880,000 G ain. 12,744.000
Bank* In te rio r m o v em en t, a* above $7,674,000
19,800,000
21,700,000 Loss, 8,600,000 inces in question “ are ripe for the establishm ent]^
Hnh-TrAAini*vnofiralloni.
T o ta l gold a n d leg a l te n d e r* ....... *86,774,000 $26,680,000 G ain. $244,000 civil government,” and that when this is effected
The following table indicates the amount of bullion and “ the troops are withdrawn to separate posts and
the people see them but occasionally,” the Filipinos
In the principal European banks.
will not only be satisfied of the benevolent intentions
J u n e 13, 1901.
J u n e 12,1003
of our country, but “ convinced of the real power of
B an k tJ
civil government.” In this striking expression of
Bold.
Silver.
Total.
Silver,
Total.
Go Id.
opinion, such of the provincial governors as have thus
£
£
£
£
£
£
37,176,483 far spoken appear to concur.
87,811,8*0 87,176,488
England . .. . 87.311,820
T ra n ce .......... 102,642.828 44,824.683 147,467,511 98,662,075 44,716,820 148,378,805
Of the two bills pending in Congress on this ques­
G erm any ...... 80.489.000 14.587.000 64.026.000 34.686.000 14.866.000 49.552.000
f t n i i i a ............ 74.461.000 9.006.000 83.467.000 70.894.000 7.874.000 78.268.000
44.410.000 12.678.000 67.082.000 38.781.000 11.079.000 49.860.000 tion, one—the Senate measure—was introduced on
A n * .-H ung’y
S p a in . . . . . . . . . 14.139.000 18.626.000 82.864.000 14.008.000 16.898.000 80.899.000 January 7.
As since amended, it provides that all
I t a l y ................ 16.197.000 2,144,800 18,341,800 16.168.000 1,069.400 17.187,400
N e th e rla n d s. 4,888,930 6,783,700 11.468,600 5.420,800 5,74 6 500 11,167,800 Filipinos who were Spanish subjects prior to the
N a t BeUr’m .. 8,380,000 1.660.000 4,980,000 3,046,000 1.528.000 4,569,000 Spanish cession, and their children, shall be deemed
T o t.th is week 888,608,548 110208718 446,806,731 317,836.368 104170720 422,007,078
Whenever “ the existing
T o t. orev. w’k 885.600.870 110026943 446,887,313 316,060,887 103882358 410,842,245 citizens of the Philippines.
insurrection shall have ceased and a condition of gen­
eral and complete peace shall have been established,”
C IV IL G OVERNM ENT FOR THE
the Commission shall certify the fact to the President,
P H IL IP P IN E S .
who shall then institute a census. The Commission,
We think it a reasonable conclusion, drawn from after such a Census, shall report to the President
the various indices of public opinion, that the chief “ whether or not all or certain of the Philippine
anxiety of the American people in the Philippine af­ Islands are capable, fit and ready for the establish­
fair is to have the situation so defined that both the ment of a permanent popular representative govern­
United States and the islanders shall know what their ment.” Pending such action, the Commission, in
future relations are to be. Even if there were no other their discretion, are to “ continue to establish addi­
consideration, people who have looked to the Philip­ tional municipal and provincial governments, with
pines as a promising field for development by Ameri­ popular representative government,” and to add to
can capital must be impatient over a situation where the electorate, in their judgment, “ with the purpose
contracts and franchises would be left in so doubtful of gradually extending to municipalities and prov­
a position that investment capital finds nothing to in­ inces permanent popular representative government.”
duce its presence.
With this, the Senate provisions for government by
These feelings have not taken the shape of a general the Filipinos stops. The House bill, introduced on
and popular protest against the war. The great ma­ April 8, goes further. I t provides that whenever in ­
jority of our people, quite irrespective of party, have surrection shall have ceased “ and a condition of
regarded the fighting as inevitable. Some may think a general and complete peace shall have been estab­
different policy at the beginning would perhaps have lished,” and the same shall have been certified by the
shortened the contest; it could hardly, conditions be­ Commission, that Commission shall “ call a general
ing what they were, have averted it. But the senti­ election for the choice of delegates to a popular
ment which, in our opinion, is rather rapidly crystal­ assembly of the pecple of said islands, which shall be
lizing, is the belief that the time has come to give known as the Philippine Assembly. After such elec­
some definite promise of self government to the tion all the legislative power heretofore conferred on
natives, so far at least that the chief remaining ground the Philippine Commission ”—that is, government of
of appeal for insurrection may be removed.
the Christian provinces, subject to the Executive at
It must be remembered that from our occupation Washington and the general laws of Congress—“ shall
of the Philippines to the present time the islands have be vested in a legislature consisting of two houses—
been administered by military rule. What the Philip­ the Philippine Commission and the Philippine
pines Commission did in the line of establishing Assembly.”
courts and schools and organizing provincial govern­
This provides an Upper House appointed by the
ments was done to all intents and purposes under the President and a Lower House elected by the natives.
shelter of the army. In the nature of things the ar­ The Assembly is to hold office for two years, to meet
rangements had to be temporary, and their founders annually, and a majority shall constitute a quorum.
had no right to guarantee continuance. Hence it was If it fails to pass appropriation bills those of the pre-

THE CHRONICLE

1222

vioua session shall be deemed to have been again ap­
propriated. All subj3cts of legislation not withheld
by the Act of Congress shall be within the power of
this House. It shall make no enactment “ which
shall deprive any person of life, liberty or property
without due process of law;" no money shall be paid
out except through appropriations.
In criminal prosecutions the acoused shall have the
right to be heard by himself or counsel, to have a
speedy public trial, meet the witnesses face to face,
and compel the attendance of his own witnesses.
Taxation shall be uniform, contracts shall be re­
spected by the law, the habeas corpus privilege shall
not be suspended outside of rebellion, slavery shall
not exist, free speech and a free press are guaran­
teed, and in general the personal rights guaranteed by
our Constitution are affirmed. Finally, all Philip­
pine residents owing allegiance to the United States
“ shall receive the same protection from the United
States in respect to their relations to foreign govern­
ments as is accorded to citizens of the United
States.”
These are the two plans between which Congress
must make its choice. Is is plain, on the face of
things, that the House bill, while it takes some risks
of premature granting of civil rights, will on the other
hand answer more conclusively complaints that the
United States is giving no formal guarantee of its full
intentions toward the Filipinos. This Mr. Lodge’s
Senate bill, a more cautious measure, does not do, ex­
cept by its intimation of a general purpose. The up­
shot of the two diverging propositions^may be com­
promise; fortunately there is little sign of failure of
all legislation. I t is important to notice that even
the qualified pledges of the Lodge bill wouldj have
undoubted value as a partial solution of the existing
situation.
T H E

R A IL R O A D S

A N D

C O M M E R C IA L

E X P A N S I O N

The address which Mr. Jam es'J. Hill of the Great
Northern Railway Company delivered in Chicago on
Wednesday of last week at the dinner of the Illinois
Manufacturers’ Association has attracted a good deal
of attention, and deservedly so. The address is full
of interesting thoughts and suggestions. Moreover,
Mr. Hill shows a clear insight into the conditions
which have raised this country to its present promi­
nence and prosperity, and which must govern its future
growth and advancement. He possesses the faculty
of lucid statement, and by means of facts and figures
is able to bring these governing conditions into view
in such a way as to make their bearing and effect ob­
vious even to the minds of those who have not made
a study of the subject.
A large portion of the address was necessarily de­
voted to showing the part played by our railroad
transportation interests in promoting the Industrial
progress of the United States, for these arteries of
commerce lie at the basis of our national achieve­
ments. In discussing railroad matters, Mr. Hill is
dealing of course with a branch of human endeavor of
which he is master. B at he has no narrow concep­
tions. His horizon is an extensive one, and he takes
large and broad views of things. Mr. Hill makes a
statement which no one can controvert when he
says that next to certain fundamental things which
he mentions (such as religion and common

LVOL. LXXIV.

schools) no other single work enters into the wel­
fare and happiness of the people of the whole
country to the same extent as the railway; no other
work could have made it possible to occupy the enor­
mous stretches through the interior of our country,
and people them with cities, towns and villages. His
other statement also cannot be controverted, namely
that while mistakes of j udgment or of intent may
have been made in the management of the railroads,
the result on the whole has been to create the most
effective, useful and by far the cheapest system of
land transportation in the world.
He gives figures to illustate the truth of this latter
declaration. In England the average amount paid by
the shipper for moving a ton of freight 100 miles is
$2 35; in France, $2 10; in Austria, $1 90; in Ger­
many, where most of the railways are owned and
operated by the Government, $1 84; in Russia, where
there is also Governmental ownership and where the
shipments are carried under conditions more similar
to our own than in any other country as respects long
haul, $L 70. On the other hand, in the United States
the average charge paid by the shipper is only 73
cents or less than 40 per cent of the average cost in
Europe. This difference in favor of the American
shipper is the more noteworthy as every article used
by the railroads, including labor, costs mure in this
country than it costs in Europe, with the exception
of coal and right of way. Wages in the United
States are as a rule more than twice as high. F ur­
thermore, the cost of the things used by the railroads
is constantly rising. Mr. Hill takes as an instance
the material in an ordinary box-car, the cost of which
has increased in the past three years over 20 per cent.
The manufacturer, when the cost of production is in­
creasing, is able to find compensation by raising the
selling price of his wares; not so the railroad, rates of
transportation in the United States having gone
steadily down from year to year. The latest report of
the later-State Commerce Commission shows that in
the fiscal year ending Jane 30 1900 the average rate
received per ton per mile by the railroads of the
United States was only 729 thousandths of a cent, as
against 9 ll thousandths ten years before in 1890.
Mr. Hill’s analysis naturally brings him to a con­
sideration of the proposition of Government control
of the railroads. The great reduction in transpor­
tation rates just noted has been brought about en­
tirely by the railways themselves in the effort to serve
the public and promote their own interests—not by
legislation or Government interference. It is now
seriously proposed to hand these large transportation
interests over to Government control. Two proposi­
tions are suggested—Government ownership or an in ­
crease in the power of the Inter-State Commerce
Commission. Mr. Hill is equally emphatic in his
condemnation of both propositions. Th6 reader has
doubtless noticed that every now and then covert in­
sinuations appear in the newspapers hinting that the
great railroad combinations which have been the feat­
ure of the last two or three years are preliminary to a
movement in favor of Government ownership—that
the syndicates behind these combinations, while osten­
sibly opposed to Government ownership, are secretly
in favor of it, hoping thereby to dispose of the prop­
erties to the Government at a high price. If any one
has been inclined to credit these statements, Mr.
Hill’s remarks will certainly servo to disabuse the
mind. For while Mr. Hill has been very active in

J une 14, 1902.]

THE CHRONICLE

railroad consolidation work, he Beta out the dangers
of Government ownership in suoh trenohant words
that it is difficult to see how any one can be found to
argue in favor of the proposition after reading his
remarks. The mere suggestion of the proposition, as
he well says, arouses in the mind of almost every
thoughtful man the fear that such power would end
in the destruction of the Government itself. Aside
from all economic questions and the increased cost
to the public, either in direct advance of rates or in­
direct cost of increased taxation, it would mean the
political appointment of an additional million of pub­
lic officials and the exercise of a power sufficient to
imperil, if not to destroy, free Government in the
United States.
As to the other proposition, namely to increase the
power of the Inter-State Commerce Commission,.he
demonstrates that that would be no less dangerous.
He believes that all public service should be regulated
by fair and reasonable laws. Existing statutes furnish
shippers full redress against the railways for any
grievances they may have or for any damage inflicted
upon them. In common with all practical railroad
men of large experience, and with railroad students,
he finds the existing powers of the Inter-State Com­
merce Commission as adequate and ample for the
purpose. Giving the Commission the authority to fix
rates, either in the first instance or the last instance, is
a suggestion which cannot be defended. The only
difference between a commission of five men fixing
the rates on all the railways of the country and &
commission operating under Government owner
ship is a difference in name. In either case the busi­
ness of the country would be face to face with the
worst financial crisis our people have ever been called
upon to meet. “ Because difficulties have arisen in
the enforcement cf the law growing out of failure to
prove its violation, it is proposed to amend the law,
not in such way as to make it less burdensome under
given competitive conditions or to make proof of the
violation of the law less difficult, but by conferring
upon five men, or three, if the five do not agree, the
power to regulate the earnings of railway companies
by fixing rates. This is in effect to give to the Com­
mission, a political body, power to make or break
railway companies, to send their stocks or bonds up
or down in the market, to control importations, to
limit exportations, to build up or ruin cities by estab­
lishing differentials, to array one section against an
o th e r/7
Mr. Hill truthfully says that should the Commission
be given rate-making power, it would have absolute
dominion over the commerce of the country and over
all interests dependent upon such commerce. Com­
pared with the evils which would result from the
granting and exercise of such power, existing evils or
alleged evils would be as nothing. He points out that
it i 3 to the interest of the railroad to build up the
territory tributary to it. The prosperity of the peo*
pie served by the railway is the only path to prosper­
ity for the railway. The railway and its patrons must
always prosper together or suffer together. Moreover,
the greater the volume of business the lower the rates
can be made. If, for instance, a railway has to raise
one million dollars on a traffic of 1,000,000 tons, a
simple calculation shows that its profits must be $1 a
ton; if there are 2,000,000 tons 50 cents a ton; and if
there are 4,000,000 tons 25 cents a ton will bring the
same profit. In order to secure this additional ton­

1223

nage, intelligent railway management is constantly
called upon to secure for the producers on its various
lines a market for their production, and if possible a
return load for the car carrying such product to
market.
Mr. Hill gives an interesting illustration of how
this principle has been observed from the very begin­
ning on his own system of roads, namely the Great
Northern. On that point we cannot do better than to
quote his own words: “ We have on the Pacific Coast
the largest body of first-class saw timber left in the
United States. When I first visited that country,
with a view to extending our lines to the coast, I saw
at once that unless we could carry their lumber to
market at a price that would enable them to manu­
facture and ship it with a profit, our railroad would
have no business. The first and great crop of that
country is its lumber. We made a rate of 40 cents a
hundred for 2,000 miles, or four mills a ton per mile,
on this lumber, in order that we might load back
the cars that carried out the merchandise to the
West. This rate was necessarily met by other roads,
and the result was the expansion of the lumber trade
of Washington and Oregon, so that to-day it is over
ten times what it was nine years ago, and in place of
seeking additional loads for our cars from the West,
we are now seeking additional loads for our westbound
cars going out to be loaded with lumber for the great
treeless States of the Middle West, and the develop­
ment of this Pacific Coast lumber traffic will work a
greater change in the Oriental trade of the country
than all the efforts of all the men engaged in that
traffic.7
7
In connection with this phase of the matter Mr.
Hill made some announcements that have an immense
bearing on the future commercial expansion of the
United States. He says that it was in order to keep
pace with the enormous demand for the lumber of
the Pacific Coast States that he has built the largest
ships in the world. He then goes on to state that in
that way he hopes to be prepared this fall to meet not
only the rates of other trans-continental lines, both in
the United States and in Canada, but the rates made
by Bteamer from the Atlantic ports via the Suez
Canal. In other words, every manufacturer reached
by any railway in the United States will be able to
ship his goods, Mr. Hill says, to the Orient by rail to
the Pacific Coast and thence by steamer at rates that
will compete with water transportation from the
Atlantic seaboard to the East by way of the Medit­
erranean and Suez Canal. “ Ware it not for the cer­
tainty that there is a car load of lumber waiting for
every empty car we can furnish on the Pacific coast
we could not carry the Oriental business at twice the
rates we will offer.7’
He then dwells on the great opportunities there are
for developing our commerce with the East. Twenty
years ago the foreign trade of Japan was not to exceed
I I per capita of the population; to-day this trade is
equal to 16 or 17 per capita of its population. In 1890
the entire foreign trade with China amounted to about
90 cents per capita. With a good stable government
which will protect the Chinaman iu the fruits of his
own labor and enterprise, there is no reason, Mr. Hill
thinks, why the Chinese trade should not increase as
rapidly as that of Japan has increased. The China­
man he considers the better merchant of the two.
Should the Chinese trade increase to three or four
dollars per capita, it would amount to more than the

TH E

1224

GHK 0 N 1 CLE.

entire exports of the United States, and surely this
trade is worth striving for. With Manila as an
American port in the East, and the best ships that oan
be built, we should be able to maintain ourselves as a
nation in the control of a large share of this traffic of
the Orient.
The address also contains some pertinent observa­
tions on the need of combinations of capital in carry­
ing on the enormous undertakings so essential in a
country as large as ours. But that is a matter we
need not touch upon on the present occasion.
T H E

G R E A T

S I B E R I A N

R A I L W

A Y *

St. P et e usBUitOr, R ussia, May 22, 1902.
The dosing quarter of the last year has witnessed
an event which will remain memorable in the annals
of Russian history and memorable also in the progress
of human enterprise in general. I refer to the driving
of the last spike to the Great Siberian Railway.
Although this great trunk line, cutting across two
Continents, will hardly be open in its entire length
for freight and passenger service before the fall of
1903, the Russian people can well be congratulated
upon the success of having substantially finished such
a gigantic task. Thus the much cherished plan of
the late lamented Czar Alexander III. has now been
crowned with success, in spite of difficulties which,
in view of the climatic conditions prevailing through
the whole of Siberia, seemed almost insurmountable
to a good many even of the wiser heads.
But the final achievement of this greatest of high­
ways built of steel has been due to that great feature
of the Russian character, the almost fatalistic pa­
tience—a doggednesa “ never to be discouraged."
EXTENT OP THE 11AJ LEO AD.

Connecting at Tscheljabinsk with the railway sys­
tem of European Russia, the Great Siberian Railway
now absorbs and unites what was formerly known as
the Western and Central Siberian systems, and prop­
erly ends at the city of Irkutsk on Lake Baikal, hav­
ing a length of 3,048 werstf on its passage through
Siberia alone.
Its northernmost point is situated at Krassnojarsk
and the most southerly one is at the terminus, i . e . ,
at Irkutsk.
Near the latter place begins the Transbaikal Road
of the Great Siberian System. About 60 werst from
this city the trains are transferred to ferryboats—
such as are common on the Great Lakes of the United
States as well as in New York Harbor—which land
passengers and freight on the eastern border of Lake
Baikal.
Although the Russian Government has spent a great
deal of money to provide the strongest and most per­
fect ice-breakers possible, human ingenuity has had
at times to yield to its stronger adversary—Nature.
The cold has at times been so intense that the trans­
port of freight and passengers has been more expedi­
tious by sleigh across the frozen cover of Lake Bai­
kal.
But in order to cope with all emergencies a short
loop aronnd the Southern border of Lake Baikal is in
course of construction.
At the Station Kaidalowskaja the Transbaikal Sys­
tem of the Great Siberian Railway is split into two
branches; the one leading east to Nertschinsk and
* Oommunioated by our Special Correspondent at 8t. Petersburg,
t One English mile equals one and one-balf werst, Russian.

[Vol .

LXXIV,

Stretensk, having its terminal on the banks of the
River Schilka, a distance of 1,096 werst from Irkutsk,
on the eastern side of Lake Baikal, remaining all the
time on Russian territory, known as the Northern
part of the Maritime Provinces.
The other branch also stretches in an easterly di­
rection, but further on turns down to the Chinese
border line, which it crosses at a distance of about
325 werst from its starting point, Irkutsk.
On the Russian side we have the station Sibir, and
across the border line, Mandschourla, or Nagadan, as
the Chinese call it.
Prom the latter place the Eastern Chinese Railway,
equipped with American locomotives—from the
Quaker City, I believe—leads its way over Ohailar,
Zizlkar and Charbin (Sungari), 1,440 werst from its
starting point to the station, Pogranitschnaja.
The Eastern Chinese Railway has a second branch
line—with a length of 980 werst—from Charbin to­
wards the Southwest via Mukden to Daljni and Port
Arthur, now the most Southerly port of the Russian
possessions on the Chinese Sea.
The main line of the Ussuri Railway leads from
Wladiwostok, the largest Russian port on the Pacific,
to Chaborowsk on the Amur, having a total length of
721 werst.
Thus the Great Siberian Railway has a total length
of 5,372 werst on Russian territory, and the Eastern
Chinese Branch, with the Southern Mandschouria
Railway, having 2,420 werst on Chinese territory,
which makes a total length of 7,792 werst, distancing
all previous records established by the Pacific trunk
lines crossing the new world.
Or, measured from the most western point on the
European border of the Russian Empire to the eastern­
most point on the Pacific coast, the traveler will have
to cover not less than 9,220 werst of railway to Port
Arthur and 9,877 werst on a stretch to Wladiwostok—
that is, in accordance with the schedules for the ex­
press trains.
This figure well illustrates the vastness of this
Great Northern Empire and this figure may at the
same time indicate—to the uninitiated—what diffi­
culties had to be surmounted before this gigantic task
could he put to a successful end; especially difficult
became the work on the Eastern Chinese and on the
Mandschourian Railway, as these two lines were
hardly finished when the Chinese troubles began.
USEPULXESS AS A MILITARY OE WAE MEASUEE.

It is a good proof for the efficiency of the road that
during the Chinese troubles the Russian Minister of
War was able to direct about 220,000 men over the
Great Siberian Railroad to the theatre of the Boxer
rebellion, although at that time the road was only in
course of construction and part of the troops had to
be transported down the Schilka and Amur rivers on
barges.
The cost of this Transcontinental trunk line is at
present exceeding the figure of 780,000,000 roubles, %
which will be further considerably enhanced by the
construction of the Loop around Lake Baikal, because
the territory in its neighborhood—on account of the
high mountains surrounding the lake—will offer
many technical difficulties to the engineers called
upon to solve this problem.
Another expense in view will probably be the pur­
chase of heavier rails and the latter may be necessary
t One dollar equals about !•& roubles.
&

J une 14, 1002.]

THE CHRONICLE.

1225

before the whole system has had a fair chance to
show its earning capacity.
The Siberian Railway is of great importance to the
welfare of the Russian Empire in political, or rather
military respects, chiefly through the fact that Russia
can transport as many troops as she likes in perfect
safety from her Western frontier on the Baltic Sea to
her Eastern outpost on the Pacific Ocean. All this
time the troops would remain upon her own territory,
as at the end of the Nertschinsk and Stretensk Branch,
proper connections are made with steamer lines down
the’rivers Schilka and Amur via Blagowjetschensk to
Ohabarowsk, from where steamers can be had down
the Amur, going straight north to its mouth with
Nikolajewak as port on the Sea of Ochotsk; in a south,
erly direction the Ussuri Railway leaves Chaborowsk,
following upstream the river Ussuri for W ladiwosto^
the great Russian port on the Japanese Sea.

When the various governments of .Western Europe
will next consider mail subsidies, it is quite within the
cards that the fast steamers will have to make their
first surrender to the Fast Siberian Express, i . e . , as
far as mail deliveries to Japan and China—with Hong
Kong as the most southerly point—are concerned.
1 hear that the Japanese are making the most
strenuous efforts to secure for their steamship lines
the carrying of mails from the terminal points of the
Siberian Railway to other ports on the Chinese and
Japanese seas, and even across the Pacific Ocean.
As far as the fast-freight possibilities are concerned,
it is rumored here that Australian papers have been
ventilating the question of establishing a line of
steamers from a port in Queensland, say Brisbane, or
from a point in Northern Australia to Port A rthur; this
trip to require only about 8 days—which line would
then make direct connections with the Siberian route,
But of greater importance are undoubtedly the ad­ and could possibly deliver freight in quicker time
vantages which Russian commerce and industries ex­ than on the long ocean trip from Sidney or Melbourne
pect to derive from the great highway.
via the Suez Canal to the London docks.
HOW THE KAILROAD WILL DEVELOP COMMERCE.

PASSENGER TRAFFIC.

These are at first of local character, of course, i . e . ,
to say that Siberia and the Russian Maritime Prov­
ines (on the Pacific) will come into closer touch with
each other; then we must further consider the better
commercial relations and quicker transportation
facilities which will be offered buyers and sellers in
Russia proper and in her Asiatic dependencies.

As soon as this superiority of the Great Siberian
Railway is established, it would be quite natural to
suppose that the passenger traffic must follow.
But here I must put a little damper on the joyful
thoughts of the Russian patriot and of those European
and American tourists who ventured their opinions
upon the subject, and who have made the trip in the
summer-time.
Ju st here is the rub. Through the international
passenger traffic this line will probably profit, only,
however, through the spring, summer and fall; but
as for the six months of winter it will be another
affair altogether.
I t takes a Russian constitution to go through a
winter at the capital, the present one having lasted
not less than 5 months and 28 days; and here at the
capital comfort and luxury are certainly not lacking;
but the long winter in Siberia, with its Arctic night,
will probably not tem pt many travelers outside of
Russia to undertake a trip across the Asian Continent
on the Great Siberian route, with all the risks to
health that would involve, excepting perhaps those
who have direct business in Siberia during the winter
time, such as fur dealers, for instance.
The Ministry of Finance has worked out time-tables
which—provided the limit can be kept up—would
make remarkably good connections.
They are based on an average speed of 50 wersts an
hour—which would not represent an exceedingly nigh
speed—and on this basis the stretch from Moscow to
Port A rthur would not require more than 8£ days,
whereas at present it requires about 20 days.
Such splendid results, however, could only be ob­
tained after the finishing of the loop around Lake Baikal
and the laying of heavier rails wherever necessary.
And then again there will be difficulties in the
w i n t e r t i m e , which an engineer on any other road in
Europe or America has hardly ever to cope with.
In the summer time the schedule could be kept up
with comparative ease; the more we approach the
lands of the midnight sun—those clear nights, when
evening and morning dawn melt into one, would be
extremely favorable to the running of fast trains and
would offer a new sensation to the fastidious globe­
trotter never to be enjoyed anywhere else.
At present there are three weekly express trains,
leaving Moscow for Irkutsk to provide the necessary

In the second place we must view the advantage
which Siberia herself derives from the railway in her
relations as an exporting country—exporting her agri
cultural products to the great consuming centres of
England and Continental Europe as well.
As far as Western Siberia is concerned, her efforts
in placing dairy products, especially butter, on the
principal English markets have been successful, and
it is expected that meat, provisions, timber, lumber
and grain will follow later on in larger volume than
heretofore.

The fact that for the current year the production of
Siberian butter is expected to be about 50 per cent
larger than for the past year must be accepted as a
conclusive proof that the policy pursued by the Rus­
sian Minister of Finance, M. de Witte, has been a
highly beneficial one to the empire at large.
The third and much-contested point amongst the ad­
vantages to be derived from the Great Siberian Railway
is the capacity of the road to carry freight from the Far
East in transit to Western Europe and vice versa.
As soon as the earnings of the Great Siberian Rail­
way will admit the putting on of express trains for
the freight service, I think that there is a good chance
for the road to carry the more valuable freight, such
as silk, tea, etc., which especially suffer somewhat by
the sea voyage and, through their intrinsic value, can
afford to pay a higher freight than steamer rates.
The advantages of rapid transit across two conti
nents are already shown in the far better mailing
facilities; when about two years ago it took almost 50
days for a letter from Wladiwostok to reach the capi­
tal of all the Russias, such letters are delivered in 21
to 23 days, and that even now in the winter time.
The mail from other important places in the far
East has lately required
23 days from Newchwaug
1
24 days from Port Arthur
|
10 days from Chailar (Mandschouria) [ t0
23 days from Yokohama

Peter8tmr&
-

1226

THE CHRONICLE

transportation facilities for the passenger traffic be­
tween Russia proper and Siberia in both directions;
no special provisions have as yet been made for transit
passengers from Western Europe to the two principal
porta in the Far East, situated on Russian territory,
i. e„, Wladiwoatok and Port A rthur.
The “ train de luxe," however, which leaves Mos­
cow once a week is considered “ up to the m ark" in
every respect, but thus far it can not proceed beyond
Irkutsk.
In order to draw part of the annual passenger traf­
fic away from the steamer lines, say about 50,000 pas­
sengers each way, two express trains a day would be
necessary, with a change of cars at Moscow and I r ­
kutsk for passengers from or to Western Europe.
As soon as the necessary rolling stock can be sup­
plied for the road—which, of course, is a State railway,
being built, managed and owned by the Imperial Gov­
ernment of Russia—the advisability and practicability,
at the proper seasons, of the overland route will im­
press themselves upon all likely passengers on account
of the extremely cheap rates, Russia having the
passenger tariff “ by zones,” «. e . , on a sort of a
wholesale principle, the further you go the lower the
rate per werst (or mile).
I expect to revert to this subject at length in a
special article later on in the season, the subject
having been treated by one of your former Treasury
officials in one of your monthlies towards the end of
last or the beginning of the present year.
As far as the carrying of the mails is concerned, we
run up against the remarkable fact that the treaties be­
tween Russia and her Western neighbors, principally
Germany and Austria, do not provide for any money
consideration in exchange for the carrying of the
mails, i. e., the contracting parties transport all mail
m atter free of charge for each other, which is quite
easy, as the three States enumerated above own all
their principal trunk lines and the charters of all
private lines, which m ight be called upon to carry
mail matters, contain, I believe, a clause which calls
for the free carriage of the mails.
W hether Russia would be willing to carry mails free
which are directed from a foreign country to a foreign
country is a question which will probably be ap­
proached in the future, but at any rate I believe that
the carrying of the mails by the overland route will
not be as costly as th at practiced upon at present by
steamers, which upon the long voyage to China and
Japan make too many stops, on the way out at least.
These are about all the principal tasks which the
Great Siberian Railway will have to face, and as the
Ministry of Communications is subject to the final
control of the Minister of Finance, M. de W itte,
there is no doubt th at the prospects are good ones.
Once the Great Siberian Railway, placed on a sound
footing, its projected parallel line in a more southerly
latitude, the Taschkent-Peking Railway, a continua­
tion of the Central-Asiatic Railway, and th eK jach ta
Peking Railway, connecting the former with the
Great Siberian route, will receive proper considera­
tion by the highest Russian Government circles.
This intention to approach the various sections of
Assia with each other has clearly been set forth
through the projected Orenburg-Taschkent Railway,
to which the first spade has been driven a few months
ago. This line will connect the Russian possessions
and protectorates in Central Asia (Turkestan, Bokha
ra, etc.,) with the sections in the neighborhood on the

[Vol. LXXIV.

Eastern Bide of the Ural Mountains, thus forming a
well designed step towards the development of Sibe­
ria, about which I expect to entertain your readers
later on in the season.

IN T E R S T A T E COMMERCE COMMISSION—
IT S POW ER TO M A K E R ATES.
We have received the following answer to Mr. E. P.
Bacon's communication In the C h r o n i c l e of May 31st
on the proposed grant of power to the Inter State
Commerce Committee to make railroad rates. While
not by any means closing the discussion, the communi­
cation contains in definite shape information upon
points touched by Mr. Bacon which is of decided in­
terest in this controversy.
J u n e 3 1902.

The E d ito r o f The Commercial and
N ew Y o rk C i t y :

F inancial Chronicle,

Dear Sir — have read with a great deal of interest the
I
various editorials in the Chronicle upon the proposed
amendments to the Inter-State Commerce Act designed to
confer the rate-making power upon the Commission, and
also Mr. E. P. Bacon’s communication of May 20th last, pub­
lished in your issue of May 31st. Thinking it may possibly
be of interest, if not of assistance, I take the liberty of sub­
mitting some observations on Mr. Bacon’s communication.
Mr. Bacon says that railways are public highways, and
that railway corporations are performing a public service,
which should, therefore, be performed in the same manner
as if done by the Government itself.
This generalization, being incorrect, naturally proves mis­
leading. Neither in this country nor in Great Britain, from
which we derive the principles of our government, has it
ever been regarded as a governmental function—except in
rare and temporary cases—to operate railways or other means
of transportation, It has been deemed a governmental
function to provide ordinary highways, but never to operate
vehicles upon them. Not even the highway has ordinarily
been provided by the government in the case of railways.
The provision of the highways, as well ss the operation of
the conveyances upon it, has been left to private capital and
enterprise.
It would no doubt require an amendment to the Constitu­
tion of the United States before the United States could
operate railways. This is simply another evidence that such
operation is not a purely governmental function.
It is, therefore, unwise to reason from such faulty prem­
ises. The declaration that railway transportation service
must be performed in the same way as if performed by the
Government itself is without foundation, and, moreover,
makes no progress toward a solution of the question. If a
governmental function and performed by the Government,
the|Government would have absolute discretion as to how it
would perform it.
Perhaps the only substantial principle deduced by Mr,
Bacon from the fallacy with whioh he starts out is that rail­
way service must be performed at rates no greater than are
necessary to afford a reasonable return upon the capital
honestly invested iu the property used for the purpose. This is
a very startling proposition. It seems the Government has
never exercised the right, if it has it, to operate the railways.
I know of no reason, therefore, either in law or in morals,
why the Government should prevent the individuals who
choose to invest their money in these enterprises from reali­
zing a return commensurate with the risks incurred and the
energy and skill employed, and from realizing enough in
prosperous years to carry them through years of depression.
I do not understand that Mr. Bacon’s rule makes allowance
for these considerations. A corollary to his proposition
would seem to be tbat if the railroad in performing this
alleged public service shall not realize m ore than a reasonable
return, it shall likewise be guaranteed by the Government a#
least a reasonable return. This feature, however, seems to
be lacking in Mr. Bacon’s plan.
Perhaps the most vital objection is that Mr. Bacon is deal­
ing in a purely theoretical way with an essentially practical
subject. By the application of false theories he arrives at an
unjust and unworkable rule. Owing to the infinite compli­
cations of modern railway transportation, it is utterly in\

J une 14, 1902.J

THE

CHRONICLE

possible to estim ate the cost of perform ing any given service
or to estim ate in advance the cost of perform ing the aggre­
gate service rendered by a railw ay company. Hence, the
proposition th a t rates should be fixed on the basis of cost of
service, plus a reasonable profit, is w holly im practicable.
Moreover, no shipper’s satisfaction or dissatisfaction with
the rate charged him has any relation w hatever to the aggre­
gate income or profits of th e company, and it can have no
relation to the profits upon the p articu lar service performed
for him , because those profits cannot be ascertained.
Mr. Bacon is likewise purely theoretical in his a rb itrary
assumption th a t rates are paid by consumers except in case
of agiicultu ral products, where they are paid by producers,
and th a t they are not paid by the middle men. The obvious
tru th is th a t the distribution of both the cost and the profits
of industrial and m ercantile activity is affected by so many
factors th a t it is impossible to lay down any rule on th e sub­
ject. I understand th a t several years ago the rates on m ilk
from a considerable section to New York City w ere very
m aterially reduced, b u t th a t th ereafter the dairym en got no
more for their m ilk and the consumers paid no less th a n be­
fore, i . e., the m iddle men absorbed the reduction.
Mr. Bacon simply adds confusion to the discussion by saying
th a t the rate-m aking power is in effect a tax-levying power.
A railroad rate is not a tax , differs from a tax in many more
ways th an it resembles a tax, and cannot possibly be regu­
lated according to principles of taxation.
The simple, practical tru th , fully recognized by th e railroad
companies, is th a t the railw ay business is a business affected
w ith a public use ju s t as is a warehouse business, and is there­
fore subject to governm ental regulation to prevent UDjust
discrim inations and extortions, and the question of course is
w hat evils exist in these respects and w hat are reasonable and
proper m ethod of rem edying them . I am not aw are th at
any of the argum ents by Mr. Bacon, or any of those co-oper­
ating w ith him can be reduced to this practical plane.
Mr. Bacon’s im plication th a t th e Inter-S tate Commerce
Commission was designed as a trib u n al for affording sum ­
m ary relief is a t variance w ith the report of the Senate
Select Committee of 1888, from w hich he quotes, as th a t
report distinctly indicates th a t the Commission was sim ply
designed as an auxiliary trib u n al to aid the shippers and to
aid the courts, and was not intended to have any independent
power w hatever or to do anything more th an obtain in for­
m ation and set in motion the processes of the courts. T hat
report shows, moreover, in the plainest possible way, th a t
the Commission was not designed to have any rate m aking
power.
Mr. Bacon in effect alleges th a t tb e power of the Commission
to m ake rates was not questioned un til 1897,when the Supreme
Court decided th a t the Commission did not have th a t power.
In 1887 the Commission itself announced th a t it had no power
to fix rates generally. In 1889 and 1890 Judge Jackson, hold­
ing the U nited States C ircuit Court, indicated th a t the InterState Commerce A ct did not contem plate the m aking of
rates. In 1891 the Lehigh Valley Railroad Company denied
in court the Commission’s authority to m ake rates. In 1893
the Commission itself stated in one of its decisions th a t some
carriers continued to deny its power to fix rates upon com­
plaint. In 1898 the Louisville & Nashville R ailroad Com­
pany challenged the Commission’s pow er to m ake rates in
the first case affecting th a t company in which th e Commis
sion assumed to exercise th a t power. In 1895 the Commission
in its annual rep o rt asserted th a t its power to make rates
had been denied, th a t this dissenting view was not unsup­
ported by argum ent, and asked Congress to confer the ra te ­
m aking power upon it. In 1896 the Supreme C ourt decided
in the Social Circle case th at the Commission had no power
to m ake rates. T h at C ourt’s decision in 1897 in the “ m axi­
mum rate” case was simply an approval of its decision to the
same effect the year before.
Mr. Bacon’s statem ent th a t the exercise by the Commission
of the rate-m aking power for the first ten years of its exist­
ence produced the most satisfactory conditions in tran sp o rta­
tion affairs th a t have ever existed in the history of the ra il­
road service of the country, is not supported by, b u t is incon­
sistent with, the facts. The principal evils existing now and
in the past have been those incident to secret concessions in
rates. There is nothing to indicate th a t these same evils did
not exist during the first ten years of the life of the InterState Commerce A ct to the same extent as a t present, if not

1227

to a greater extent. There has been a steady dow nw ard
tendency in rates which was in no way 'arrested by the de­
cision in the m axim um rate case. Mach stress has been laid
upon certain increases in rates by changes in classification
about two years ago, but though num erous com plaints were
filed w ith the Inter-State Commerce Commission, and though
it has the undoubted au th o rity under the present law to de­
clare those increases unreasonable, and to take steps to pre­
vent their continuance, the Commission has not in a single
instance declared any of those Increases to be unreasonable.
Certainly com plaints as to unjust discrim inations between
localities are no more num erous or serious than in the j>ast.
Mr. Bacon’s statem ent th a t the Corliss bill does not con­
tem plate empowering the Commission to issue a schedule of
rates is incorrect. In the C incinnati and Chicago freight
bureau cases the Commission undertook to exercise precisely
the power conferred upon it by the Corliss bill, and in those
cases it in effect prescribed a schedule of rates on upw ards
of tw o thousand articles from Cincinnati and Chicago to
practically all points in the Southern States. This is a p rac­
tical illustration, not m erely of the au th o rity conferred by the
bill, but of the extensive use the Commission will make of it.
Mr. Bacon’s reference to the average delay of four years in
enforcing the Commission’s orders under the present p ro ­
cedure is misleading. According to the present procedure it
is the duty of the C ircuit Court to afford a speedy hearing of
the proceedings instituted by the Commission or others for
the enforcem ent of the Commission’s orders, and to enforce
all law ful orders of the Commission. No appeal taken by th e
carrier from a decision of a C ircuit Court enforcing an order
of the Commission can suspend the enforcem ent of th a t
order pending the appeal, unless th e C ircuit Court affirma­
tively perm its such suspension. The only delay, therefore,
there need ever be in th e enforcement, of a law ful order of
the Commission is th e tim e w hich it takes for a C ircuit
Court to render a decision upon it. Of course, if the C ircuit
Court, upon a consideration of all the circum stances of the
case, believes it w ill he more ju st to suspend the enforcement
of the order pending an appeal, it is obviously proper th a t the
order should be suspended.
Moreover, an exam ination of the num erous cases w hich
the Commission has taken into the courts will show th a t
only in one out of all of those cases, probably fifteen in
num ber, was the Commission finally sustained by the Court.
The fact is, therefore, th a t practically all the Commission’s
orders w hich it attem pted to enforce in court tu rn ed out to
be unlaw ful and were never enforced at any tim e. The
duration of the litigation over tht S3 unlaw ful orders, th ere­
fore, throw s no light cn the tim e it w ould take to secure en­
forcem ent of the Commission’s law ful orders. The fact is
th a t the Commission’s law ful orders are almcsfc w itnout ex­
ception prom ptly complied w ith by th e carriers w ith o u t the
necessity of going into court at all.
Mr. Bacon states th a t as a m atter of fact no ruling made
by the Commission during the ten years when it was its
practice to prescribe the rate to be substituted for one found
to be wrong has ever been set aside by the courts on the
ground of its being inequitable or unreasonable. If by this
he means to imply th a t the courts have always approved of
the reasonableness and propriety of the Commission’s orders,
bis statem ent is altogether misleading. Most of the cases in­
volving orders of the Commission have, w ith greater or less
emphasis, pointed ont th a t the orders w ere inherently un­
reasonable and im proper, aside from the question of the
Commission’s power to m ake the orders. See especially the
following cases : K. & I. Bridge Co. vs. L. & N. RR. Co., 37
Fed. 567; I. C. C. vs. B. & O. RR. Co., 45 Fed. 87, 145 U. S.;
I. C. C. vs. D. L. & W. RR. Co., 64 Fed. 724; I. C. C. vs. Ala.
Mid. Ry. Co., 69 Fed. 227, 74 Fed. 715; I. C. C. vs. L. & N.
RR. Co., 73 Fed. 409; I. C. C. vs. Lehigh Valley RR. Co,, 74
Fed. 784; I. C C. vs. W . & A. RR. Co., 88 Fed. 186, 93 Fed.
83, affirmed by Suprem e C ourt; I, C. C. vs. C. B. & Q. RR.
Co., 98 Fed. 173, 103 Fed. 249, ju st affirmed by Supreme
Court.
Mr. Bacon’s assum ption th a t investors have ample protec"
t ton in the power of the courts to set aside rates fixed by the
Commission, if too low, is unw arranted. It is clear th a t the
courts would not be disposed to exercise any control in the
premises, even if they had it, except in cases where the Com­
mission had been guilty of a palpable abuse of power and had
fixed rates w hichjpractically am ounted to confiscation. T has,

THE CHKONICLE.

1228

for practical purpoaee, virtually the entire margin of profit
would be subjected to the absolute discretion of the Commis­
sion, a tribunal not fitted either by experience or tempera­
ment to make rates, and wholly incapable of coping with the
almost infinite factors and details which would be involved,
Mr, Baker assumes that the rate-making power assumed
by the Corliss bill would be of a very limited character, and
that there is at present no substantial control over railroad
rates. There is now adequate power and reasonable pro­
cedure for correcting any rates which are unreasonably high
or unjustly disciiminating. Under the Corliss bill the Com­
mission would virtually become traffic manager of every
railroad in the country to whatever extent it might
choose to assume that position, and there would be far less
judicial restraint upon the acts of the Commission than
there now is upon the acts of the railroad companies, for the
restraint upon the railroads is adequate and the restraint
upon the Commission would not be.
Yours truly, B. B.

R A IL R O A D GROSS E A R N IN G S FO R M A Y .

[Vol. LXXIV.

Of course the continued activity of general trade
in the U nited States accounts for these u n in terru p t­
edly favorable reports of earnings. The prosperity
of all classes with the large consuming capacity of
the population resulting from th a t cause adds on the
one hand to the volume of the freight traffic and on
the other hand stimulates travel over the railroads,
while in addition railroad rates are well maintained at
fairly good figures. In one part of the country there
was an adverse feature which must have had consider­
able influence in reducing the revenues of the roads
directly affected. We refer to the strike of the miners
in the anthracite region. This strike began May 12
and lasted throughout the month. O ar present state­
ment, however, does not include returns from any
of the anthracite roads, none of which furnishes early
preliminary figures. I t is hence likely th at when the
statements of these roads are received later in the
m onth,the favorable result now disclosed may to some
extent be modified.
The grain movement was notably small. A few
typical illustrations will serve to indicate the situa­
tion in th at regard. Of wheat the receipts at the
Western primary markets for the five weeks ending
May 31 were only 7,872,789 bushels, against 12,245,810 bushels in the same five weeks of 1901 ; of corn
the deliveries were only 8,681,898 bushels, as against
19,723,501 bushels ; of oats 13,281,540 bushels against
17,249,355 bushels ; in the case of barley the receipts
ran about \ million bushels larger th an last year, but
taking wheat, corn, oats, barley and rye together, we
get a total of receipts for the five weeks the present
year of only 31,535,123 bushels, as against 50,732,773
bushels. The loss, therefore, was over 19 million
bushels, representing, say, roughly, half a million tons
of freight. The following gives the details of the
grain movement in the usual form. I t will be ob­
served th at even the wheat receipts at Minneapolis
and D uluth were smaller than last year notw ithstand­
ing th a t the spring-wheat crop of 1901 ran much
ahead of th at of 1900. Because of this larger wheat
yield.it is to be presumed th at the railroads in that
part of the country had an increased wheat traffic,
even though the shipments to the points mentioned
fell below a year ago.

There is nothing new to record concerning the
gross earnings of U nited States railroads. As for so
long past, the returns are encouraging in the extreme.
In face of a smaller grain movement and a smaller
cotton movement, the totals keep steadily increasing.
A few roads lying in the section where the crop short­
age last season was most pronounced, and where the
carriers are more exclusively dependent upon the
agricultural yield than elsewhere, have fallen some­
what behind in their earnings as compared with a
year ago; but speaking of the railroad system of the
country as a whole, continued improvement in re ­
ceipts is still the most conspicuous feature.
The compilations which we present to-day cover
the m onth of May. They embrace the results of 84
roads operating 91,858 miles of line. On these roads
there is a gain in earnings over the same m onth last
year in the sum of $4,619,227. The length of road at
91,855 miles compares with 90,262 miles in the p re ­
vious year. Hence we have an increase in revenues
of 9TB per cent, with an increase of only 1*76 per
cent in mileage. The May statem ents of earnings
have been strikingly good for several successive years,
making the fa rth e r expansion in receipts the present
year the more significant and im portant. Thus th is
year’s improvement of $4,619,227, or 9T8 per cent,
follows an increase of 15,236,185, or 10*04 per cent in
May 1901, which in tu rn followed an increase of
RECEIPTS OF FLOUR AND GRAIN FO R FIV E W EEK S ENDING MAT 3 1 .
$4,984,647, or 10*30 per cent, in 1900, and this in
AND SINCE JANUARY 1 .
tu rn succeeded $2,708,016 increase in May 1899
Oats,
Bariej/,
C om ,
Rye,
W h ea t,
F lo u r.
over 1808, which latter had itself recorded $5,648,580
(b u sh .)
(bush.)
(.bush.)
(bush.)
(bush.)
(bbls.)
gain over 1897. In the following we show the May Chicago—
857,300
55,900
620,569
1,148,450 2,999,126 6,600,481
5 w ks. M ay, 1902
441,500
185,850
12,507,514 10,044,574
750,081
5w ks.JMnay,, 1901 3,769,316 2,018,466 18,102,670 22,788,009 5,052,605 520,275
figures back to 1893.
7,738,372
Since a . l 1902
M ileage.

S in ce J a n . 1,1901 4.485,221 11,745,940 48,685,615 42,460,284 4,747,786
M ilw a u k e e —
814,400
688,800
517,750
85,500
285,835
5 w ks. M ay, 1902
Fear
356,800
082,400
270,460
792,000
238,500
5 w its. M ay, 100.1
1,660,650 2,672,800 8,421,450
S in ce J a n .l , 1902 1,018 665 3,808,600
P reced in g .
727,785
4,185,000
1,431,900 3,043.800 3,161,950
S in ce J a n .l , 1901
S t. L o u is —
$
$
88,600
161,135
1,146,813
1,897,480 1,925,435
w k s. M ay,
38,218,111 I n c . 3,448,693 5 w k s. M ay, 1902
48,760
178,800
993,089 2,645,210 1,688,54C
6
1901
624,600
42,746,299 Dec. 7,836,998 8 i n o e J a n .l, 1902
830,580 3,437,168 7,134,115 8,310,00 (
560,000
836,726
5,230,389 11,380,625 6,817,IK
85,354,897 I n c . 2,827,591 Since J a n .l , 1901
Toledo—
85,012,840 I n c . 870,772
218,000
439,0 Of
858,800
5 w its. M ay , 1902
36,190,355 In c . 1,413,992 5 wits. M ay, 1001
247,385
29,809
239,080
128,820
824,124
8,870
8,200
907,932 2,689.887 1,568,741
88,694,812 In c . 5,048,580 Since J a n .l . 1903
178,129
682,664 1,903.561
5,401,00? 1,216,488
Since J a n .l , 1901
41,861,286 I n c . 2,708,010
D e tr
47,911,099 In c . 4,931,647 5 w ks, o it— 1902
33,400
217,408
107,088
104,777
M ay,
62,167,814 I n c . 5,236,185 5 w its. M ay , 1001
34,856
286.089]
118,815
230,211
117,850
448,789i
651,870 1,101,681
50,323,090 I n c . 4,619,227 S in ce J a n .l , 1902
123,366
715,568
1,438,40? 1,181,295
Slnoe J a n .l , 1001
C levela n d —
498,168
170,674
355,844
67,201
204,673,451 I n c . 7,651,495 5 w ks. M ay, 1902
225,841
886.597
828,817
5 w k s. M ay, 1901
20S,426,022 Dec. 20,908,041 Slnoe J a n .l , 1902
276,286
807,534 2,220,460 2,408,893
1,098
714,000
.......
5,538,312 8,984,787
177,316,977 I n c . 3,606,416 S in ce J a n .l , 1901
Peoriai—
168,585,228 In c . 12,244,986
88,785
860,880
1,088,640 1,745,245
48,000
5 w ks. M ay, 1902
180,894,891 Dec. 1,469,909 5 wks. M ay, 1901
69,500
74,200
108,(100
1,020,400 1,842,70 0
183,519,3(7 I n c .29,288,147 d ln ce J a n .l . 1002
492,240
987,886 8,889,489 4.979,898
088,600
498,000
887,350
953,350
7,788.7(H) 6,047,600
183,058,669 In c . 9 /7 2 ,9 3 5 Slnoe J a n .l , 1901
D u lu th —
285,084,715 In c 38,419,076
712,400
274,499
58,348
9,707
5 w ks. M ay,
255,288,597 In c . 24,176,443 5 w ks. M ay , 1002
651,433
475,000
49,378
144,861
1901
194,607
ii'i.e o ?
7.170,407
636
244,134,9)8 I n c .20,S98,100 I S in ce J a n . l , 1902 1,376,810
992,586 4,794,406
716,U»l
97,890
4,806,008
S ince J a n .l , 1901
in a n y o f th e y e a rs.

Gross SBarnings.

Year
G iven.

Year
P receding

M ay.
1893 (133 ro a d s ).
1894 (1?4 ro a d s ).
1895 (126 r o a d s ) .
1896 (138 r o a d s ) .
1897 1125 ro ad s).
1898 (188 r o a d s ) .
1899 ( i l l r o a d s ) ,
1000 (114 ro a d s ).
1901 ( 99 r o a d s ) .
1902 ( 84 r o a d s ) .

M iles.
91,904
94,646
05,739
91,100
93,63?
98,860
91,958
97,537
99,916
91,858

M iles.
90,342
92,224
95,644
90,683
92,968
95,748
90,390
93,638
98,682
90,262

5
8
41,660,804
34,848,300
37,031,958
35,883,012
37,604,347
44,8(2,692
44,569,301
52,845,746
57,403,999
54,942,317

J a n . 1 tc M a y 31
1893 (131 ro ad s).
1894 (124 ro ad s).
1895 (126 ro a d s ).
1896 (120 ro ad s).
1897 (124r o a d s ).
1898 (126 r o a d s ) .
1899 (110ro a d s ).
1900 (113 ro ad s)
1901 ( 99 ro a d s ).
1902 ( 84 ro a d s ).

91,798
94,646
95,719
90.980
93,808
98,708
91,920
97,264
99,916
91,858

90,236
92,224
95,624
90,618
92,684
95,596
90,752
05,885
09,632
00,262

212,824,946
173,516,081
180,928,893
180,830,194
179,431,082
212,802,464
192,631,694
258,503,791
279.458,040
264,631,088

Year
G iven.

N o t e ,—W e d o n o t i n c l u d e t li e M e x i c a n r o a d s

Increase
or
Decrease.

869,845

46,400
120,750
410,400
489,000
26,980
69,171
147,248
348,883
4,000
4,870
68,840
98,069

,,
........
18,100
14,600
79,000
83.100
3,009
58,81?
85,710
196,709

THE CHRONICLE

June 14, 1902.]

1229

by the Sc. Louis < San Francisco^ $97,820 by the
&
Missouri Pacific; $85,897 by the Missouri Kansas &
M in n eapnlis—
174.070
(15,070
The Texas & Pacific is one of the roads
403,800
80,480 Texos, etc.
5 w k s. M av, 1002
8,481.890
700,012
4 MOO
290,2.70
37,000
5 w k s. M ay, 1901
4,001.840
7,202
1,658.015 1,006,020
fJB6,r)6()
170,348 in the Southwest which sustained a considerable
S in c e J a n .l , 1002
20,203,041'
5,357,200 4,640,082
810,810
140 030
S in ce J a n .l , 1901
7.202 28,085,074
S a n t a s CHtv—
shrinkage, it reporting a decrease of $85,485. But it
1,050.400
083,100
733,40(1
5 w k s. May, 1902
.............
1,000,500
011,2(10
2,480,700
5 w k s. May, iooi
and the Chicago Great Western in the Norchwestern
7,998.000 8,828,2(10
S in c e J a n .l, 1002
2,088,40(1
4,093,500 1,820,678
9,702,000
S in c e J a n .l, 1001
section, which sustained a loss of $38,600, are the
T otal or all—
8,081,898 18,281,640 1,680,087
108,800 only two roads having losses for as much as $30,000
5 w k s. M ay, 1902 1,904,275
7.872,789
485,018
6 w k s. M av. 1901 1,007,261 12,245,81(1 J0,72 <,601 17.240,355 1,028,469
S in c e J a n . i, 1902 7.HH48H0 64,008,073 46 003,881 48,823,807 10,542,7 7(1 1,421,810 or over.
The decreases of all kind, large or small,
S in c e J a n .l, 1901 8,204,035 07,076 032 00.534,229|71.)'48.409 9,950.681 2.118,286
number 11 out of the 84 roads reporting. In the fol­
At Chicago, which is the largest receiving port, the
lowing we show all changes in excess of $30,000,
shrinkage was naturally most pronounced. Taking
whether increases or decreases.
the figures at that point for the even month we find
PRINCIPAL CHANGES IN C R O S S BARNINGH IN M A Y .
that the receipts the present year in May were only
In c re a se s.
In c re a se s.
Gt. N orthern S y stem
6 0 9 ,7 1 8 Ala. N ew
10.448.127 bushels,against 22,829,676 bushels in 1901. Canadian P aollio.......... $ 549,1511 Seaboard O. &LT. P ... $61,180
Air ine___
60,984
Northern
415,237 Colorado & Southern.
59,336
As showing how continuous has been the shrinkage Norfolk &P aelflo.........
W estern___
283,460 Buff. Rooh. & P lttsb ’rg
56,677
49,349
throughout the current year it is interesting to note Illinois C entral............. 266,362 Chicago <fe E astern 111.
Southern R a ilw a y ___
264,377 Nash. Chat. & St. L ...
43,343
that the grain receipts at Chicago for the five months Louisville & N ash ville 213,247 St. Louis S ou th w est.. .
41,688
Grand Trunk.....................
230,663Yazoo & Miss, V alley.
40,202
ending with May 31 were only a trifle over 48 million N. Y. C entral.....................
179,747Chlo. Ind. & L o u ls v ...
39,559
Chesapeake & O h io ...
131,225 Cln. N. O. & T ex. Pao.
‘ 33,474
bushels in 1902, as against 101£ million bushels in the St. Louis & San F ran .. 108,825
Wabash...........................
99,075
T otal (representing
five months of 1901. There was also some falling off Missouri Paelflo...........
97,820
36 roads)................. $4 ,5 3 6 ,8 0 3
H
a
91,164
at Chicago in the deliveries of live hogs in May, these Wocking V Clle y ...........
lsoonsln entral___
88,663
D ecreases.
Texas
$85,485
Mobile
88,217
having aggregated only 675,826 head in 1902, against Central& Ohio..................... 87,587 Ohio. G& Pacific.........
reat W estern..
38,606
of G eorgia___
Mo. K ansas & T e x a s..
85,897
737.127 in 1901.
T otal (representing
W heeling & L. E r ie ....
8 1 ,1 2 0
F lo u r,
(Obis.)

Oorn

W heat,
(bush.)

Gate,
(bush.)

(bush.)

Harley,
(bulk.)

(b U*H.)

RECEIPTS AT CHICAGO DURING MAT AND SINCE JANUARY 1 .
May.

Minn. St.P. & S.Ste M ..

2 roads)................

79,442

$124,091

* Three w eeks of th e m onth only.

Since J a n u a ry 1.

To complete our analysis we present the following
990,150
W h e a t b u sh .
1,838,080
946,838 7,587,247 11,700,590 5,884,978 six-year comparisons of the earnings of all leading
2,719,740 11,530,901
C orn ., .b u sh .
4,831,341 12,848,108 42,748,750 43,757,084
roads arranged in groups. It will be noticed that in
O a t s ...b u s h .
5,900,081
8,860,399
6,632,430 82,287,001- 41,603,802 87,099,049
48,700
R y e ...b u s h .
106,250
110,500
490,750
831,895
890,920 the Southwestern group the total runs only slightly
B a r le y .b u sh .
760,450
373,000
639,850 4,900,495 4,085,873 7,730,904
larger than in 1901, and that the Trunk Line group
T o ta l gra in 10,448,127 22,839,070 13,035,98c 48,058,009 101,671,510 96,362,935
F lo u r ..b b ls .
477,251
076,050
325,094 3,588,876 4,357,985 5,313,080
(which also we must suppose suffered seriously from
P o r k ... .b b ls.
2,056
510
310
8,378
1,427
1,908
the shrinkage in the movement of agricultural
C u t m ’t s .lb s .
0,691,458 15,260,850 14,343,138 38,308,074 02,462,233 78,907,042
L ard____lb s.
3,688,581
5,411,200
5,859,842 20,891,140 25,804,334 26.115,729 products) likewise shows a relatively small addition.
075,826
L iv e h o g sN o
787,127
740,911
3,948,101
3,704,219 3,749,986
In the case of the other groups, however, and particu­
The cotton movement in* the South, as already larly of the Northwestern and North Pacific group,
stated, likewise was of smaller dimensions than a year the further expansion in earnings in 1902 has been
ago. The shipments overland were 51,833 bales, very large.
against 58,087 bales in 1901, while the receipts at the
HASHINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
Southern outports were no more than 156,881 bales,
May.
1802.
1898.
1897.
1900.
18S9.
1901.
against 274,014 bales.
1902.

1901.

1900.

1902.

1901.

1900.

RECEIPTS OF COTTON AT SOUTHERN PORTS IN MAT, AND FORM
JANUARY 1 TO MAY 31, IN 1902, 1901 AND 1900.
May.

P o r ts .
X902.
g a l v e s t o n . . ........... b a le s.
S a b in e P a ss A c...............
N e w O r le a n s .„ .................
M o b ile......................................
P e n sa c o ia , A c.......................
S a v a n n a h .................. ...........
B r u n sw ick , & o.................
C h a r le s to n ............................
P o r t R o y a l, A c .................
W ilm in g to n ..........................
W a sh in g to n , & o .............
N o r fo lk ...................................
N e w p o r t N e w s , A c ...........

T otal

............................

1901.

Since J a n u a ry 1.
1900.

1902.

1901.

041,430
48,105
770,278
81,757
97,888
280,898
30,987
62,656
248
01,977
60
150,912
24,298

671,677
28,859
790,887
16,911
86,231
344,730
60,993
44.446
1,004
50,242
58
127,048
5,126

1900.

39,687
7.763
04,797
1,671
6,033
21,577
330
1,373
12
2,206
.............
11,502
801

100,003
2,824
84,017
4,284
7,027
33,783
8,407
11,322
00
1,192
.............
18,929
1,566

19,341
16,810
68,369
2,789
5,350
10,077
2,018
2.826
2
8,096
• • • . • «.
8,488
1,494

166,881

274.014

129,801. 2.2U .4321
2.233.771 2,234,077

451,702
52,069
787,882
71,490
79,201
419,086
50,229
89,588
48
76,412
175
148.121
18.674

On the separate roads there are some gains for very
large amounts. The most conspicuous of these oome
from the transcontinental lines on the North, the
Great Northern system reporting $609,718 increase,
the Canadian Pacific $549,153 increase and the
Northern Pacific $415,237 increase. But in other
parts of the country the results are only slightly less
gratifying. Thus the Illinois Central in the Middle
West reports $266,362 gain, the New York Central in
the East $179,747, the Southern Railway in the South
$264,377, the Louisville & Nashville $213,247, the
Norfolk & Western $283,466 and the Chesapeake &
Ohio $131,225. Even in the Southwest, where some
of the crops last year were almost a complete failure,
we bare such additions to last year's total as $108,825

8
*
*
8
$
$
307,349
379,948
344,119
B u rl.G ed .R .& N o
390,700
399,772
317,081
C an ad ian P a c ific .
3,201,001 2,054,847 2,002,888 2,402,151 2,252.998 1,980,295
475,784
C h lo.G t. W e s t ..
528,491
446,489
887,947
554,583
698,18?
204.182
173,091
128,131
D u lu th S .8.& A tl.
220,653
224,938
233,882
G reat N o r th e r n .. *2,917,243 *2,307,625 *2,299,059 *2,029,983 1,872,874 1,618,409
171,554
170,004
103,000
160,269
168,930
132,220
Io w a C e n tr a l___
259,001
238,716
275,162
224,186
153,674
Jdlnn.A S t. L o u is .
180,547
408,052
442,864
349,040
380,514
488,094
304,234
M. S t. P . A S. S. M.
62,027,030 52,076,288 52,038,116 1,470,014
N o rth . P a c i f i c ..) 58,384,746
52919509(
131,941
118,219
137,939
154,461
S t.P a u lA D a l. 1
105,209
96,935
81,195
123,320
109,288
*123,820
St. J o a .A G r. I s l ..
464,015
488,803
422,630
327,209
W isc o n s in C e n t’l.
432,437
521,100
T o t a l .................

12,221,105 10.486,190 10,280,479

9.055,940

8.470,184

7,010,028

* In c lu d e s t h e e a r n in g s o f S p o k a n e F a lls & N o r th e r n fo r 1 9 0 2 ,1 9 0 1 ,1 9 0 0 a n d
1899.
5 I n c lu d e s p r o p r ie ta r y lin e s in 1 9 0 2 ,1 9 0 1 ,1 9 0 0 ,1S99 a n d 1898.

EARNINGS OF SOUTHERN GROUP.
May.
A la b a m a G t. S o ..
C en t, o f G eorgia..
O h esap . A O hio...
01n.N .O . A T e x .P .
L ouis v. & Nashv.b
M obile A O hio...
N ash.C hat.A 8L L .
N orfolk A W e s t ..
S o u th e r n R y . . . -j
M em p h is Dlv. (
S t .L o u is Dlv. )
Y azoo AMlss.Val.

1902.

1901.

1900.

1899.

1898.

1897.

8
8
%
8
167,919
152,953
132,543
118,455
400,783
870,613
386,871
332,328
1,124.648
989,623
958,348
854,682
442,479
405,492
463,544
304,848
2,260,70" 2,120,104 1,851,049 1,684,030
+471,046 +466,400
866,950
326,266
*575,839
634,681
526,039
444,893
1,231,691 1,116,283
918,989
897,771
01,474,518
|c2,475,08G 02,352,826 c l , 907,421
c3,067,263 c2,802,886
V 110,787
123,756
115,425
(
150,148
142,85?
349,388
312,129
153,014
481,018
884,768
410,819
*
$
174,482
*196,000
627,848
470,048
1,442,128 1,310,903
*493.088
459,609
2 000,120 2,886,873
+597,784 +509,567
*088,291
*039,948
1,018,199 1,834,733

T o t a l .................j 11,700,340 10,529,605

9,000,467 9,003,275 7,945,239 0,815,413

+ I n c lu d e s M o n tg o m e r y D iv is io n fo r 1902,1901,1900 a n d 1899.
* In c lu d e s P a d u c a h & M em p h is D iv is io n In t h e s e y ea rs.
6 F r e ig h t on m a ter ia l carried fo r co m p a n y ’s o w n u se Is n o lo n g e r c r o d ite d t o
ea rn in g s, t h e Item h a v in g b e e n e lim in a te d fro m b o th e a r n in g s an d e x p e n s e s .
T h e figures fo r 1902,1901 and 1900 a r e g iv e n on t h is b a sis.
c F ig u r e s fo r 1902, 1901, 1900, 1899 an d 1898 In clu d e S o u th C a ro lin a A
G eorgia, M ob ile A B irm in gh am a n d 101 m ile s o f A tla n tlo A Y a d k in a n d
A t la n t ic & D a n v ille .

1
’HE OHKONICLE

1230
a x B N iN a a

[VoL. L X X IV

S a m e of Moad.
May.

1

1902.

|

1901,

1 liiOCl.

IBO9.

027,000
802,847
1*937,£96
2,022,000

1902,

1897

1888.

t
t
810,45" 058,248
277,09/
233,048
770,201
707, oas
2,298,35 2,13t,67t
597,75t
577,204
380,621
808 920
80,128
37,0 o
860,698
435,30'
697,76(
618,888
0,211,27! 8,008,715

1
t
m
872,670
912,21K
887,160
201,62
H
<*.
l/<561,99y
$51,(501
2,824 1' 0 2.460,306
1s 665,008
St. L. A 8, F* ,K
K.C.l’.S.Jlil, V1,7*4.824, 1,018,It 0; ? 470,101
l 33,789
Jj'.W.Jfc E.G r. >
118.092
573 850
531.01Is
St.L. South r.
T«jcai & Pae.
708,0-ib
ytA.lSfe
663,801b
8,040,1061 8,400,8(jsl 0,071,949
Total........
*

Doll,Jt EloG r.
Int, A Gt. No..

1
558,049
222,109
700,4 64
1,940,533
641,870
681,288
19,020
816,033
408,045
6,104,808

* May, 1G ., not reported; taken game as la at year.
<jd
MAKNIH08 OF THCNK LINES.
1902.

May,

1

* B&l. S Ohio j
c
{ '4007X06!
B.AO.S.W
C.C.C.AStL 1,680,028
217,375
PdOt&Sftlt
O.T.of Can. >
Gr.T.Weet f 2,674,108
D.G.H.&M 1
N.Y.C.A H+ 5,003,010
Wabash__ 1,510,159
T otal.

..

1901.

1900.
t

t

1898,

1899.

*
1
2,358,738
4,007,101
I 680,1-941
1,6.25,486 1,300,4.-8 1,2'10,891
225,347
188,452
162,221
f 1,708,695 1,876,5701
288,689
2,343,536 ] 840,502
74,945
1 78,48s
5.763,868 4,050,377 4,313,316
1,411,08! 1,892,809 1,190,422
8,735,011

1807.

$
2,446,541
032,781
1,173,302
101,688
1,671,581
.'00,107
89,198
4,000,113
1,141,07s

*
2,027,328
600,489
1,007,289
145,342
1,450,247
220,800
73,558
3,897,415
031,178

15,812,077 15,897,030 13,451,831. 11,817,480 11,602,897 10.819,712

t Boston & Albany Included la 1902 and 1901, the Beech Creek UR. and the
Wallktll Valley EH. for all the years, and the Fall Brook system after
1899.
HACKINGS O P MIDDLfcl AND MIDDLE WK8TEHN HOADS.

May.

Mileage.

(fro** Earnings.

o f s o u t h w e s t b b n o b o iif .

*
99,936
61,642
Louisv. & N ashville. 2,600,120
10,578
Macon & B iru iln g’m
14,044
M anlstlque. .....
276,162
Minn. & St. Lou;
M lnn.St.P.* H.Ste.M
488,094
1,337,896
Mo, Kan. & Tex. ays
Mo. Pao. & Iro n M t. 2,847,000
75.000
12,815
Mobile Ja c k . & K O
597,784
Mobile & O hio..........
683,291
Nash. Chat. A St. L.
N V.Cen,&Hud.Riv. * 6.963,61C
Norfolk & W estern .. 1,618,199
N orthern Pacific*.-, 3,334,746
734,590
Pere M arquette.......
45,842
Rio G rande Bouth’n
434,100
Bio G rande W esteri
8 t. Louis & S. F ran. . 1,724,324
573,356
8t, Louis Southwes’n
178,734
St. L. Van. & T. H.
94,770
San Fran. & No. Pao.
1,000,415
Seaboard Air Line.
20,428
So. Car. < Ga. E xt.
fe
58,779
Southern In d ia n a ..
3.067,263
145,140
49.602
T. Haute & Peoria..
33,888
Texas Central..
798,643
Texas & Pacific
11,500
Tex. Sab.Val. &
245,074
Tol. & Ohio C e n tra l.
97.831

Kanawha & Ml o h . . .
Louisv.H cnd.& St. L.

2 0 2 ,10 0

Wabash.......... ....... .
Wheel. & L ake Erie
Olev. Can. & 8 0 ..
Wisconsin C e n tral..

38,970
1,510,759
327,99b
521,100
481,018

1901.
*
81,506
57,979
2,388,873
7,751
1.2,379
259.001
408,052
1,251,99"
2,726,806
97,874
11,753
509,667
639.948
5,783,869
1,334,733
2,919 500
728,807
40,757
432.400
1,615,499
531,668
168,683
89,982
939,431
18,173
49.121
2,802,886
126,552
45,485
52,42b
884,128
10.600
2 2 2 016
98,382
205,596
36,722
1,411,684
246,878
432,437
440,816

Increase o*
Decrease.

*
+18,420
+ 8,663
+ 213.247
+ 2,827
+1,665
+ 16,101
+ 79,442
+85,897
+ 120,094
-2 2 ,8 7 4
n~if06i
+88,217
+ 43,348
+ 179,747
+283,466
+415,237
f 5.783
+ 5,085
+ 1,700
+ 108,825
+ 41.088
+ 10,051
+ 4,788
+ 00,984
+ 2,255
+ 9,658
+264,377
+ 13,588
+ 4,1.17
—18,640
—85,485
c-900
+23,058
—529
-3 ,4 9 6
+99,075
+81,120
+88,663
+ 40,2o2

1902.
173
166

8.8 65

97
64
642
1,39*
2,555
5,182
388
50
874
1,195
3,228
i,679
5,316
1,8 21
180

1901.
173
10 0

8.190
97
04
04 2
1,802
2,480
5,155
388
50
874
1,195
3,223
1,660
5,560
1 ,8 * 1

l 8U
636
646
3.376 2,971
1,293 1,258
158
158
165
166
2,603 2,600
182
182
154
154
6,761 6,729
80
80
174
174
225
225
1.688 1,615
40
40
430
430
248
248
451
451
88

2,484
469
982
1,091

88

2.358
469
982
1,070

1001.
16C0,
1899.
1898.
1897.
T o tal *84 roads)... 54,942,317 50,323,090 + 4,619,227 91,855 90,262
t
*
?
S
*
*
- (Not lnolu ded In to ta IS.)
*188,881 144,937 189,513 129.176 110.889 100,200
555
555
374,100
363,440
+ 10,660
676,034 518.987 671,478 835,807 818,805 295,890
1 1,891.438 1,610,918 +290,520 2,686 2,135
491,075 441,726 305,714 355,240 342,498 812,211 Mexican Railway
321
371,500
321
+ 39,200
332,300
407,841 303,282 358.8)0 328,000 274,458 200 840
260
3/60,750
260
1/51,725
+ 9.02"
C
82,362
120,429 114,942 102,026 1 0,534 106,022
c.
728,162
674.535
+ 53 627 1.355 7 323
490,628 399,384 403,195 202.504 224,367 190,200
fR
3,439,009 8,173,307 2,025,199 2,254,184 2,235,668 1,831,498 < * Boston and Albany included In both years, Theseesults on M onterey
fe Mexican Gulf are inoluded in 1802.
J
figures include re.
734,690 728,807 048,816 598,278 +518,917 +481,070 suits on propi ietary lines.
y Figures here given are for three weeks
143,409 121,105 only of the m onth in both years; the fo u rth week n o t y et reported.
178,734 108,838 158,868 139,491
245,074 232,0 L 235,582 163,867 107,660 142,318
6
78,837
67,833
79,194
98 302
74,558
80,950
GROSS EA RN IN G S FROM JA N U A RY 1 TO MAY 31.
202,ICO 205,598 129,399 159,028 162,250 170,239
70,244
| 327,998 240,878 21.7,510 196,740 ( 119,830
Increase. D m reme.
1901.
Name of Road.
1902.
t 01,084
57,308
4,140,079
7,450,416 0 831,887 0,088,860 5,105,420 4,864,046
*
$
$
$
92,039
1/861,822
Alabam a Gt. Southern.,
2/953,861
1902

Ann Arbor...........
Bnff.Roeh. A Pitts
Chicago & Hast 111
Chic.Ind.& Louisv.
Evansv.J,Terre H
Hocking Valley...
Illinois Central t.
Pere M arquette...
St. L. Van. & T. H.
Tol. & Ohio Cent.
Tol. Peo. & W eat.
ToL St, L. A West.
Wheel. A L. Brie.
Clev. Can. & So
Total...............

ala. N. O. & T ex . P ao.—

t Includes the operations of the St. Louis Alton & Terre Haute, the Chesa­
N. O. & N ortheast’n . . .
Alabama & V icksb’g . .
peake Ohio A Southwestern and Ohio Valley for all the years, and Chicago &
V icksburg Shr. & P a c.
Texas for 1902,1901,1900, 1S99 and 1898. Results on Yazoo Branch are not
Ann Arbor........................
included after 1897.
Atl. K noxv. < North’n .
fc
t These figures are simply the totals of the Chicago & West Michigan, De­ A tlantlo & Birm ingham
troit Grand Rapids & Western and Flint & Pere Marquette combined.
Atl. Valdosta & W est...
GKOS 8 .EARNINGS AND M IL E A G E IN MAY.
Mileage.

Gross E arnings.
Name o f R oad.
1902.
Alabam a G t.Sonth'nAla.N.O.& Tex.Pao.—
N. Orl. & No. E a s t ..
Ala. & Vickab........
Vieksb. Shr.& Pao.,
Ann A rbor................
A tlanta Knoxv.& No
A tlantic & B lrm ’h’m,
Atl, V aldosta & W ...
E ellefonte C e n tra l..
Bull. Soeh. & P ittsb .
Bnri. Ced. R. & N o...
Canadian P acific.. . .
O n tr a l of G eorgia.
G hattan. S o u th e rn ...
Chesapeake < Ohio.
te
Chic. <s E a st Illinois .
Chic. G reat W estern.
Chic, In d . & L ouisv.
Cfhic. P e o ria & 8 t.L ..
Chic. Term . Tr. R R ..
Cin, N.O. & Tex,Pao,
Olev. Cin.Ch.&St. L ..
P eoria & E a ste rn ..
Colorado & Southern.
Col. Sand. & Hook’g.
Deny. & Rio G rande.
Dnl. So. Shore & A tl..
Evansv. < In dianap
fe
Evansv. < T. H a u te .
fe
Ga. South. & F lorida
G r. T runk of C an... )
Gr. T ru n k W est.. >
D et.G r.H av.A M .)
8 t.N o.—8 .P.M.&M. >
E a ste rn of M inn. 5
M ontana C en tral.
H ocking V alley ....... .
Illinois C entral.........
Illinois S o u th ern _
_
In te m a tT & Gt. No..
Iow a C en tral______
Iro n R ailw ay.......

$
t/126,300

1901.
$
i/105,576

Increase or
Decrease. 1902.
$
+ 20,724

S 10

1901.
31t

172,926
147,123
67,903
78,168
88.493
63,375
j/85,721
5/91,777
53,183
41,057
13 645
8,299
21,031
21,34*
3,832
4.811
575,664
518,98)
399.70C
399,772
3,204, COO 2,654,84:
557,635
470,048
7,106
8.877
1,442,128 1,310,903
491,0?5
441,726
554,583
593,189
368,282
407,841
100,743
127,307
144,145
131,00’
?/321,803 y l 88.329
1,530,023 x , 525,495
217,275
225,347
388,664
448,000
;;/75,595
1/66,740
927,600
912,200
226,553
224,938
25,912
23,267
120,429
114,942
96,997
94,796

196
+25,803
14S
J-lO.265
188
+ 25,118
292
—6,056
228
+ 12,126
109
+ 5 34 6
-S ll
118
27
+ 979
472
+56,677
- 7 2 1,335
+549,153 7,590
+87,587 1,845
105
+ 1,771
+ 131,225 1,607
738
+ 49,349
921
—38,606
546
+39,559
292
+26,564
108
+ 13,138
836
+ 33,474
+ 4,528 1,891
-8 ,0 7 2
352
+59,336 1,145
+ 8,855
269
+ 15,400 1,722
583
+ 1,615
14fe
+ 2,645
+5,487
162
+ 2 ,20 1
28 S

2,574,19s

2,343,535

+230,663

2,730,732
186,511
490,528
3,439,669
10,792
862,347
176,604
7.368

2,140,518
167,007
399.364
3,173,307
10,524
387,189
163,009
6,215

+590,214 4,985 4,942
260
+ 19,504
260
+91,164
347
347
+266,362 4,284 4,265
96
96
+ 268
—24.842 1,006
887
+13,595
65b
510
+ 1,153
20
20

196
143
188
292
22b
71
118
27
472
1,287
7,467
1,680
105
1,476
727
929
54e
292
108
336
1,891
352
1,142
26S
1,722
683
146
162
285

4,082 4,082

B eilefon te < en tra l.........
Sutf. Roch, & Pittsburg.
3nrl. Ced. R ap. & N o ...
Oanadian P acific.............
Central of G eorgia.......
Chattanooga Southern.
Chesapeake & O hio___
Ohio. < B a st’n I llin o is ..
fe
Ohio. G reat W estern—
Ohio. Ind. & L ouisv.......
Chic. Peoria & St. L __
Ohio. Term’l T ransfer..
Cin. N ew Orl.& Tex.Pao.
Olev. Cin. Ohio. & St. L ..
Peoria & E a s te r n .......
Colorado & S o u th ern ...
Col. Sand. & H ooking.
Denv. & Rio G rande___
Dnl. So. Shore & A tl.. .
Evansv. & Indianapolis.
Evansv. & Terre H aute.
Ga. Southern & Florida.
orand Trunk.................)
Gr. Trunk W estern .. >
D et. Gr. H. & M ilw ..)
Treat No. St.P.M .& M . >
E ast’n of M innesota 5
M ontana C entral. . . . . .
H ocking V a lle y ............
Illinois C e n tr a l.............
Illin ois S o u th e r n ........
Int. < G reat N o rth ern ..
fc
Iowa C entral........... .
Iron R a ilw a y....................
Kanawha < M ichigan. .
fe
Louisv. H end. & St. L .
Louisville & N a sh v ille ..
Macon & B irm in g h a m ..
M anistiqne...................... .
Minneapolis & St. Louis
Minn. St. P.& S. Ste, M..
Mo. Kan. & T exas s y s ..
Mo. P acific & Iron M t..
Central B ranch ...........
Mobile Jack. & K. City.
Mobile & O hio..................
N ashv. Ohat. & St. L {..
New Y ork C e n tr a l......
Norfolk & W e s te r n ......
Northern Pacific...........
Pere M a r q u e tte ...........
Rio Grande S o u th ern ...
Bio Grande W estern....

65,451
798,366
863,817
29,034
391,266
420,300
104,001
378,594
482,595
y 679,255
39,048
t/718,303
71,866
192,423
264,289
23,310
40,346
68,656
11,204
117,535
106.331
5,537
18,213
23.750
2,331,642
2.362.360
128,295
1,948,417
2,076,712
14.392.450 11,867,983 2,524,467
346,553
2,789,195
3,135,747,822
33,338
41.190
749,297
6,100,867
6,850,164
249,653
2,356,181
2.605,734
114,910
2,802,202
2,917,112
145.953
1,664,289
1,810,24;
59,147
538,719
595,866
92,955
586,280
679,235
200,474
2/2,166,657 1/1,966,183
6,897,984
155,374
7,053 358
1,060,8! 5
990.375
368,872
1,835,287
2,204,159
69,092
y 376,074
2/445,166
16,276
4,335.002
4,351,2’ 8
105,124
951,573
1,056,702
7,843
117,871
125,714
6,854
576,771
583,625
15,98:
493,155
509,142
11,846,731

11,342 573

9,705,996
12,415,682
904,334
792,216
1,783,647
2,075,844
16,862,482 15,533,327
45,785
52,241
2,013,392
1,887,077
943,941
1,028,437
28,011
36.751
385.786
469,162
375,862
280.376
12.853.450 11,894.210
46,359
51,192
46,42s
37,698
1,319,889
1,333,019
1,770,545
2,251,173
6,211,412
6.267,686
13,937,164 13,546.60!
493,279
378.700
61,319
72.190
2,536,284
2,769,079
3.233.361
3,348,314
27,131,449 25,975,418
6,663,133
7,476,281
15,567.258 12,902,810
S,500,792
3,823,663
203,638 [
224,636
1,904,4*5
2,050,030

30,718

70,440

504,158
2,709,686
292.197
1,329,155
6,456
84,49c
8,740
83,376
4,514
959,240
4,833
“i 3,130
480,628
56,254
390.561
10,871
232,795
114.953
1,156,031
8 1 3 ,1 4 8

2,664,4481
322,871
20,998
145.585

112,118

126,315

8.725

114.579

THE

J unk 14, 1902.]

CH RO N ICLE.

1231

by Mr. Scudder in a private letter to a friend in Chicago, and
through this letter the scheme became public. The North
9
9
9
9
American Trust Company, it would appear from the above,
7,954,855
676,121
8,630.976
8 t. Louie < Ban F ra n . ..
fc
116,833
3,022,183
2,905,350
8 t.L o u is S outhw estern.
*s in no way interested in the proposition either directly or
41,914
819,890
861,804
8t. Louis Van<l. & T. II.
17,494
368,188
385,682
indirectly.
141,076
4,848,557
4,989,633
Seaboard A ir Lino.
120,404
438
120,812
So. Oar. & Ga. E x te u ...
—It was stated on Thursday by James G. Cannon, Vice49,224
196,357
S outhern In d ia n a .........
245,681
President of the Fourth National Bank, that 8 t the request
B outhern R ailw ay ___)
782,309
14,879.096
St. L ouis D iv isio n ,. ( 16,611,405
of the one hundred and three banks and institutions through­
625 094
69,264
694,358
T . H a u te & In d ia n a p ...
19,174 out the country which have loans upon Rutland preferred
225,234
206,000
T erre H a u te & P e o ria ..
79,495
197.396
276.891
T exas C e n tra l..................
296,183 and St. Lawrence &Adirondack stocks as collateral, he, indi­
4,812,118
4,515,935
T exas
P a o ltto .-..........
56,000
60,500
4,500
T ex as Sab. Val & N. W.
vidually, had undertaken to bring about an adjustment of
997,417
119,388
1,116,805
Toledo & Ohio C e n tra l..
461.390
19.209 these claims. The notes of Offenbach & Moore and of Arthur
442.181
Toledo P e o rlaA W est’n.
1,094.572
60,309
1,034,263
Tol. St. L ouis W estern..
L. Meyer, which are secured by this collateral, and also the
170,670
196,903
26,233
T oronto H am . & B u fl...
7,022,708
7,600,246
577,538
W abash..............................
collateral itself, are to be placed in the hands of Mr.
W heeling & L ake E rie )
1,155,379
247,850
1,403,229
Cannon with the understanding that arrangements will be
Cleve. C anton & S o ..$
2.051,839
361,930
2.413,769
W lsoonsln C e n tra l.........
made to pay the loans at maturity. He has already received
169,454
2,747,832
2,578,378
Yazoo & Miss. V alley ..
considerable amounts of both notes and collateral.
_
T o ta l (81 ro a d s)_ 264,531,088 244,134,988 21,450,198 1,054,098
It is announced that James G. Cannon, Vice-President of
20,396 100
N e t In c re a s e ..............
the Fourth National Bank; William H. Porter, Vice-Presi­
M exican R oads—
dent of the Chemical National Bank, and Samuel Woolverton,
50,685
1,828,920
1,879,605
Interooeanio (Mex.)__
7,426,160 1,118,627
8,544,787
Merioan Central*........
President of the Gallatin National Bank, have consented, at
1,787,600
176,000
1,963,600
Mexican Railway. ---291.824
the request of holders of stock of the Dominion Securities
National RR. ot Mex... 3.504,827 3.213.003
Co., to make an investigation into its condition and to formu­
* The M onterey & M exican G ulf Is included from M arch 1 ,1 9 0 2 , b u t
late plans for the reorganization or readjustment of the
fo r no p a rt of 1901.
t In c lu d e s P ad u c ah & M em phis D ivision in both years.
company’s business. Stockholders are invited to deposit
y These figures a re dow n to th e th ird w eek of May only.
their stock with the Metropolitan Trust Co. under the terms
of a preliminary agreement, copies of which may be obtained
ITEMS ABOUT BANKS, BANKERS AND TRUST CQ'8 at the office of the Trust Company.
—Baron Georg von Bleichroder, a special partner in the firm
—The public sales of bank stocks this week aggregate 102
shares and were all made at auction. The transactions in of Ladenburg, Thalmann & Co., and also a member of the
trust company stocks reach a total of 58 shares. Stock of the backing hous 3 of S. Bleichroder of Berlin, died on Wednes­
West Side Bank, of which there had been no sale since Nov day, at his residence in Cologne, as the result of an accident.
ember, 1899, when the price was 400, was sold to the extent
—Lawrence O. Murray who, since the organization of the
of 20 shares at 500-524. The first public sale of stock of the Trust Company of America July 1 1899, has been the Trust
new Eastern Trust Co. was made this week at 212%. In the Officer of that corporation, has resigned to take the position
“ curb’' market the sales included National City Bank rights of Trust Officer and Secretary of the newly-organized Cen­
at 270, Corn Exchange Bank rights at 26 to 26%, Interna­ tral Trust Company of Illinois at Chicago. The directors of
tional Banking Corporation stock at 200 and Eastern Trust the Trust Company of America, on the occasion of his resig­
Co. stock at 215 to 217.
nation, passed resolutions expressive of their high apprecia­
S h a re s.
B anks —N ew Y o rk.
P rice
tion of his services, and the President, Ashbel P. Fitch, en­
L a s t p r e v io u s ta le
30 American Exch. Nat. Bank__ 276
Ju n e 1902— 276
dorsed these resolutions with his expression of regret at part­
2 Chemical National Bank........ 4300
M ay 1 9 0 2 - 4 3 5 5
60 German-Amerlcan Bank......... 15914
M ay 1902— 165
ing with him. Mr. Murray was for two years chief of the
20 West Side Bank...............
500-524
Nov. 1899— 400
organization division in the office of the Comptroller of the
T b t j s t C o m p a n i e s - N e w York.
10 America, Trust Oo. of.............. 265-1
5
*
2
May 1902— 266
Currency under Mr. Eckels and he was Deputy Comptroller
1 Central Realty Bond & Tr. Co. 547
Ju n e 1902— 550
under Mr. Dawes.
5 Central Trust Co .........
1945
M ay 1902— 1945
10 Eastern Trust C o .................... 212^
F ir s t sale.
—The subscribers to the stock of the Empire State Trust Co.
10 Morton Trust Co.........................1100
M ay 1902— 1100
22 North American Trust Co........ 2711
4-272
Apr. 1902— 260
of New York, capital and surplus of $500,000 each, have se­
—The Fourteenth Street Bank of this city is now located lected as directors Arthur Brown, J R. Walsh, C. M. Higgins,
in its handsome new banking rooms on the corner of Fifth Leroy W. Baldwin, D. D. Parmly, Edgar Van Etten, Robert
Avenue, The business of this institution has been steadily E. Jennings, Ira L. Bamberger, Thomas N. McCauley, F. K.
advancing, as can be seen by comparing the new statement Curtis, William E, Nichols, O, G. Villard, Henry P. Taljust issued with that of June 3 1931. Deposits are now madge, Clement A. Griscom Jr., Silas W. Burt, Adolph ;Obrig,
|2,969,653, while in 1901 they footed up only §1,728,349, Sur­ Milton J. Warner, Walter T. Rosen, R. M. Parmly, Amos
plus and profits at the same time increased from $72,876 to D. Carver, Manuel Lopez, H. H. Harrison, J. C. Kelley, A. E,
$93,585, while total resources have risen from $1,901,374 to Wallace and J. F. Talcott. The laws of the State, requiring
$3,163,349, The President, Mr. R. Ross Appleton, was for­ four weeks’ advertising of the intention to organize the com­
merly Collector of Taxes for the City of Brooklyn. Asso­ pany, will have been complied with by the end of this week.
ciated with him in an official capacity are George F. Vail A call will then be issued for the payment of stock subscrip­
and John F. Carroll, Vice-Presidents; Irving C. Gaylord, tions, and the organization will afterward be completed as
Cashier, and Louis V. Ennis, Assistant Cashier.
fast as compliance with the legal formalities will permit. It
—It was reported from Chicago early in the week that is stated that the stock has been over-subscribed 75 per cent.
a plan had been devised by the North American Trust Com
—The negotiations by the Corn Exchange Bank for con­
pany of New York to form—through the American Bankers' trol of the Union Square Bank, which, as noted in this de­
Corporation which, it was said, had been chartered in New partment last week, were then in progress, have been com­
Jersey with a capital of $5,000,000 and with provision for a pleted, and the Union Square will be m ale a branch, the
surplus of $45,000,000—a chain of banks throughout the thirteenth, of the Corn Exchange.
country through purchase of existing institutions. The re­
—
The Van Norden Trust Co. has opened its branch at 321
port was promptly denied by Oakleigh Thorne, President of
Grand Street.
the North American Trust Company, who said that his com­
—The Williamsburg Trust Company of Brooklyn has
pany had nothing to do with the scheme. Upon inquiry
it was ascertained that a concern called the American Bank­ increased its semi-annual dividend to 4 per cent, payable
ers’ Corporation bad been chartered at Trenton, New Jersey, July 1. The first dividend, 3 per cent, was paid Jan. 2, 1901,
Jnly 12 1901, with an authorized capital of $100,000 the same amount being paid on June 29, 1901, and Jan. 2,
and a paid-up capital of $1,000. It farther appeared 1902.
in a statement by Silas D. Scudder, Treasurer of the
Preparatory to consolidating with the Second National
North American Trust Company, that before he be­ Bank and the State Banking Company of Newark (under the
came connected with the trust company he devised the plan name of the Union National Bank), the stockholders of the
above noted, and secured a charter for the purpose of being German National Bank of Newark voted this week to in­
prepared to organize aa institution of this character should crease the capital from $200,000 to $1,500,000. The final step
there be a favorable opportunity. The plan was embodied of changing the name of the German National to the Union
N am e of Road.

1902.

1901..

In c rea se. D ecrease

1232

T H E CHRONICLE,

[Vol. LXXIV,

National waa taken on Thursday. The officers were also Bank of Pittsburg, also taken over by the Colonial; Mr. John
elected on that day. Mr. William Sheerer waa made Presi C. Reilly (also of the City Trust), and Mr. Charles L, Taylor.
dent; Dr. Leslie D. Ward, First Vice-President; Uz*l H.
—An off*r of $140 per share has been made to the
McCarter (President of the Fidelity Trust Company of New­ Mechanics’ National Bsnk of Pittsburg (capital $500,000)
ark), Second Vice President; Archibald W. Conklin, Cash­ for its stock by the First National Bank of Pittsburg. The
ier; Albeit Haeftli and Erwin D. Farnsworth, Assistant direc.ors of the Mechanics’ have sent their stockholders a
Cashiers. The new institution begins business on Monday. circular recommending the acceptance, and saying that they
The existence of the Second National Bank terminates to­ personally nave agreed to the offer, provided 0,700 shares
day, the State Banking Company continuing several weeks shall be delivered at this price. The shares are of a par
longer. Fidelity and Prudential interests are largely inter­ value of $50 each.
ested in the project.
—The Fort Pitt National Bauk of Pittsburg will, it is
—The absorption of the Uoion Bank of Buffalo by the stated, Increase its capital from $200,000 to $1,500,000. A
German Bank of that city was effected on the 3d inst. The portion of the new stock is for the purpose of taking over
absorbed bank had a capital of $200,000. In July last, at the two other Pittsburg oanks—
the Fourth National, capital
time of the closing O the Niagara Bank of Buffalo,the Union $300,000 and deposits of $443,980, and the Fifth National,
i
experienced a run which, however, was met through the capital $100,000 and deposits of $748,291.
support of the Clearing House, The German Bank, it will
be recalled, took over the paper and obligations of the Metro­ —The reorganization of the Erie Dime Savings & Trust
politan Bank of Buffalo, when, in August of last year, that Company of Erie, Pa., under the name of the Erie Savings
bank went into voluntary liquidation. Plans for the re­ Bank & Tiust Company, will, it is reported, be completed
organization of the Union to relieve it of its large real estate in a few days. Pittsburg capital is largely interested in the
holdings bad been under way for some time, but had never new institution, the stockholders including Mr, James H.
reached any definite shape, Then negotiations with the Ger­ Wiiloek, President of the Second National Bank of Pitts­
burg; Mr. W. H. Graham. President of the Mercantile Trust
man Bank were opened, with the result above.
Company of Pittsburg; J. D. Fraser, Cashier of the Monon—The life of the Schenectady Bank of Schenectady, N. Y., gahela National Bank of Pittsburg; J. Guy McCandless and
capital $100,000, ended on Saturday last, when the institu­ Stephen Stone of Pittsburg. The company has been capital­
tion became merged in the new Schenectady Trust Com­ ized at $50U,000, with a surplus of $250,000.
pany. The latter opened Its doors on Monday of this week.
—When the steamer “ City of Mackinac” left Dstroit on
It has a capital of $200,000 atd surplus of $100,000.
Wednesday afternoon, June 4, over 261) bankers were regis­
—The Boston News Bureau states that the present manage­ tered to participate in the convention of the Michigan
ment of the Massachusetts National Bank of Boston has Bankers’ Association, which was held on board from June 4
secured absolute control of the bank through the purchase to 7, while steaming to Mackinac Island, Saulte Ste. Marie
of 4,200 shares from the Carver-Sinclair estate at $129 per and back to Detroit. A thoroughly enjoyable time was the re­
share.
sult of this somewhat unusual device for an annual meeting.
—Mr. A. B. West, who formerly held the position of No business was transacted until Thursday morning, when
Cashier of the Chicopee National Bank of Springfield, Maes., Mr. William Livingstone, President of the Dime Savings
has been elected President to succeed the late A. J. McIntosh, Bank of Detroit, opened the proceedings with an address of
Mr, Edward Pynchon has become Cashier.
welcome. Then came the usual reports of the officers of the
—The settlement of the affairs of the failed Pynchon Na­ association. These were followed by a lengthy discussion by
tional Bank of Springfield, Mass., is now nearing completion. Mr. A. J. Frame, President of the Waukesha National Bank
The directors’ plan for the taking up of the $577,000 bonds of of Waukesha, Wis. Mr. Frame’s subject was “ Branch
the American Writing Paper Company by the stockholders Banking and Assets Currency Means Revolution and Retro­
of the bank has, it is announced, been agreed o. These will gression,” Mr. James R. Branch spoke on the American
be exchanged on the basis of three $1,000 bonds at 95 for Bankers’Association, of which he is Secretary. Mr. E, A.
every 10 shares (par $100) of bank stock. The stockholders Snnderlin, Auditor of the State Savings Bank of Detroit,
have been asked to take up their shares of the securities also contributed to the programme his parer on “The State
by the 14tb—to-day. Receiver Pepper expects with the pro­ Banking Law,” arguing in favor of an amendment giving the
ceeds to be enabled to pay a dividend to depositors of between State Commissioner of Banking the power to appoint re­
ceivers of State banks that fail. The officers wUo will serve
60 and 70 per cent.
—The directors of the Stamford Trust Company of Stam­ the Association for the ensuing year a re : President, Mr.
ford, Conn., on June 2d voted to increase the capital from George B. Motley, President of the Second National Bank of
$100,000 to $200,000. This will be accomplished by the issn Saginaw. First Vice-President, Mr. William Livingstone,
ance of 1,000 shares (par $100) to be sold to the shareholders President of the Dime Savings Bank of Detroit; Second
at $125 each. Subscriptions are payable on or before August Vice-President, Orrin Bump, President of the Old Second
1, 1902, when the new stock will be ready for delivery. The National Bank of Bay City, Mich.; Treasurer, H. V. C.
company’s deposits are very close 'to the two-million-dollar Hart, Cashier of the Lenawee County Savings Bank of
mark, reaching on April 30 last $1,893,459. It is officered by Adrian, Mich., and Secretary (re-elected), Mr. F, E. Farns­
John A. Brown, President; Walton Ferguson, Vice-Presi­ worth, Cashier of the Union National Bank of Detroit^
Mich.
dent, and Walter D. Daskam, Treasurer.
—The vacancy in the presidency of the National City Bank
—The control of a majority of the shares of the Germanof Grand Rapids, Mich., occasioned by the death of Mr. R.
American Title & Trust Company of Philadelphia by a
syndicate of which Mr. William Disston was the head re­ C. Luce, has been filled by the election of Mr, James R.
sulted in the reorganization of the institution on Thursday. Wylie, heretofore Cashier.
—The question of increasing the capital of the Mechanics’
Mr. Disston was elected to the Presidency, succeeding Mr.
Samuel Biddle, who has become a Vice President. Mr. National Bank of St. Louis, from $1,000,000 to $2,000,000 will
Lewis R. Dick, of tne Tacony Savings Fund, Safe Deposit, he submitted to the stockholders on June 26. The directors
Title & Trust Company, was also made a Vice President. recommend the issuance of 10,000 new shares, par $100 , to
Mr. Frederick H. Hahn was re-elected Secretary ahd Treas­ be disposed of at not less than $275 per share to stockhold­
urer and Mr. George E. Schlegelmileh appointed title and ers of record June 20. This will net the sum of $2,750,000.
One-half of the purchase price is to he paid on July 15 and
trust officer.
—The Comptroller has approved the application to organize the remainder on October 2, 1902. The increase is dc emed
of the Mellon National Bank of Pittsburg, previously men­ advisable in order to meet the requirements of the increas­
ing business of the bank.
tioned in these columns.
—The regular quarterly dividend of the Merchants’ Laclede
—The board of directors of the Colonial Trust Company of
National Bauk of St. Louis, Mo., heretofore 1C per cent, has
Pittsburg has been increased from 10 to 14 members. The
additions are: Mr. James D. Callery, Vice-President of the been increased the present quarter to 2 per cent. The bank
Philadelphia Company of Pittsburg, and formerly President has a capital of $1,400,000 and deposits of over $12,000,000.
—The banking firm of Messrs. Tootle, Lemon A Co. of
of the City Trust Company of Pittsburg, recently acquired
by the Colonial Trust; Mr. John A. Bell of the Freehold St. Joseph, Mo., went into voluntary liquidation ou May 81,

J une 14, 1903.J

THE

CH R ON I CL E .

1233

being succeeded on Jane 3 by the Tootle-Lemon National ing room corner of La Salle and Washington streets just
Bank. The new institution has a capital of $200,000, Much vacated by the Western State Bank,
strength is given the bank through the fact that Mr. E H.
—By vote of its directors $100,001) his.been transferred
Harriman, of New York, has acquired some of the stock. from the undivided profits of the State Bank of Chicago to
The other shareholders are Mr. John S. L-mon, Milton the surplus account. By reason of the rapid increase in the
Tootle Jr., Mrs. Kate M. Tootle, Graham G. Lacy and W. T. Slate Bank’s business its stock is now quoted at 365 to 375. A
Van Brunt, the latter President and General Manager of the
per cent quarterly dividend has been declared, payable
St. Joseph Railway, Light, Hear, < Power Company. The July 1 .
ft
management of the bank is mude up of Mr. John S. Lemon,
—At a meeting on the 10th inst. of the directors of the
President; Milton Tootle Jr., and Graham G. Lacy. ViceGarden City Banking & Truet Company of Chicago, a vote
Presidents; E. H. Zimmerman, Cashier, and W. A. Evans,
was passed recommending the increase of the bank’s capital
Assistant Cashier.
from $500,000 to $750,000. The regular 8-per-cent semi­
—But one more instalment now remains to be paid by the annual dividend was declared.
First National Bank of Austin, Texas, in settlement of its
—About forty members of the executive board of the
obligation to the State. The sixth instalment of $50,000 was
Illinois Bankers’ Association, at a banquet in the Grand
paid on June 3.
Pacific Hotel last Tuesday evening, accepted the invitation
—At a stockholders meeting of the new Central Trust Com­ tendered by the Peoria Clearing House to hold their next
pany of Illinois on the 9th inst., the following officials were general meeting in that city in September.
elected: President, Charles G. Dawes; Vice-President, W.
—J. S. Pomeroy, who has for 10 years been connected
IrviDg Osborne; Second Vice-President, A. Uhrlanb; Trust
Officer and Secretary, Lawrence O. Murray; Cashier, Wil­ officially with the First National Bank of Winona, Minn.,
liam R. Dawes; Assistant Cashier, Charles T. Wegner; Gen­ has been appointed Cashier of the new National Bank of
eral Counsel, Max Pam. Vice-President Osborne is a North America, Chicago. This institution opens for busi­
prominent corporation attorney; Vice-President Uhrlaub ness on Monday the 16th inst.
has been for some time Assistant Cashier of the Chi­
—A report of the proceedings at the eighty-fourth annual
cago National Bank; Secretary Murray was formerly meeting of the Bank of Montreal will be found on pages
United States Deputy Comptroller of the Currency; 1285 and 1386. The report includes a balance sheet and in­
Cashier Dawes has for three years been Cashier of the teresting remarks by Hon. Geo. A. Drummond, the ViceChicago Post Office, and Asst. Cashier Wegner was for 11 President, and Mr. E. S. Clouston, the General Manager.
years Paying Teller of the Metropolitan National Bank. The business for the year shows very substantial growth, the
The Central Trust Company will begin business some time deposits on April 80 being $86,825,633, an increase of $14,in July in the banking room corner of Dearborn and Monroe 139,000 over the corresponding date in 1901. The surplus was
streets formerly occupied by the Chicago National Bank. increased $1 ,000,000, making that account $8 ,000,000, and
Among the largest New York stockholders are George F, the combined capital and surplus $20,000,000.
Baker, President First National Bank; Charles S. Fairchild,
—The statement of the Gansevoorfc Bank of this city, under
President New York Security & Trust Company; George W. the call just made for June 10 1902, shows that this State
Perkins of J. P. Morgan & Co.; Charles. M. Schwab, Presi­ institution is now tnjoying noteworthy growth. The de­
dent United States Steel Corporation; New York Security & posits are up to $1,804,598, surplus and profits to $43,909 and
Trust Company; James Stillman, President National City total resources to $3,047,505. On June 3 1901 deposits were
Bank; Jacob Schiff of Kuhn, Loeb & Co.; F. A. Vanderiip, only $1,314,720, making a gain of nearly $500,000 in the short
Vice-President National City Bank. Among the Boston space of a year. The item of surplus and profits has also
stockholders are John W. Weeks, President of Massachusetts nearly doubled, having been a year ago only $21,712, against
National Bank; Alfred Eemenway, attorney, and D. G. $42,909 now. The officials are: T. Albeus Adams, President;
Wing, Vice-President of the Massachusetts National Bank. Charles W. Morse, Vice-President; H. M. Sheire, Cashier,
Among other stockholders are F. G. Bigelow, President of and H. F, Meehan, Asst. Cashier.
the First National Bank of Milwaukee; Washington Becker,
President of the Marine National Bank, Milwaukee; G. H.
Russel, President State Savings Bank, Detroit; A. H. Brown
ffim allsJb F i n a n c i a l M surlxees—P®*- C a M e .
of St. Louis; Leslie D. Ward of Newark, N. J.; John R.
The daily dosing quotations for securities, etc., at London
McGinley of Pittsburg.
are reported by cable as follows for the week ending June 13:
—At the stockholders’ meeting last week of the National
M on.
W ed. T A urs.
Wri.
S a t.
L ohdoss.
Bank of the Republic, Chicago, the recommendation of the
board of directors to increase the capital stock $1 ,000,000 and silver, p e r o u n c e .... A . 231516 231B 6 2815ia 231516 24% 24
j
9613,6
96i%e 96*8
2 ?i
96*8
the surplus $500,000 was ratified. Of the original allotment Jono80la8.,noeuw ,t___.p..ets. 961516 97
961516 97
961516
973i« 97
F r cc n
. . . . 97is
of new stock to old shareholders at 150, about 10 per cent JV ch re n te s (in P a ris) Ir. 102 05 102-00 01-97% 101-85 101-85 101-95
80%
80%
80
80%
80
!Banish 4 a .. _____. . . . . . 80
was withheld, at the suggestion of the bank officials, to be h n a co n d a M in in g ...... 5*8
5%
5%
5%
5%
5%
84
83%
82%
81%
83%
83%
disposed of to outside capitalists, whose identification with u o h .T o p . & S a n ta Fe..
101
101% 101% 102
102
101
P re fe rre d ...............
the bank would greatly strenghten its position and influence. Baltim ore & O h io ......... 108% 108% 108
109
108% 109
97%
97%
97%
97%
98
97%
P fe rre
The stockholders also voted to increase the number of direct­ Ja nre d ia n d ........
a
Pacific— . .. 139% 139% 138% 138% 139% 138%
47%
47%
47%
47%
47%
ors to sixteen. The old directors retained on the board are: Ohesapeafee & O hio___ 47%
29%
28%
29%
28%
30%
Ohica. G reat W
.. 28%
Mr. Frank O. Lowden, Louis F. Swift, Henry Siegel, John Ohio. Mil. & 8t. ePsteurn... 172% 172% 173% 175
175% 175
a l
43
43
43%
43
43%
men. & Rio G r.,c o m .... 43
A. Lynch, J. B. Greenhut, E. B. Strong and W. T. Fenton.
93%
93%
93%
93%
93%
Do
do P re ferre d . 93%
38%
38%
37%
37*8
The new names are; Mr. Rollin A. Keyes, J. V. Farwell Jr., tSrie, c o m m o n ........... . 37%
37*8
69%
70
r f
e
Robert Mather, Second Vice-President Chicago Rock Island 1 st ppreefee r r d d ............ 69% 53% 69% 70% 70% 53%
53%
53%
53%
53%
2d
rre ........... .
154% 155
156
155%
Illinois C e n tr a l.............. 154% 154
& Pacific; Charles R. Crane, Herman B. Butler, H. W. Hein­
140%
Louisville & N ashville.. 140% 139% 139% 140% 141
richs, John R. Morron, F. E. Vogel and C. H. Conover. M exican C e n tra l....... . 27% 27
27%
27%
27%
27%
19%
Mfticiflan N a tio n a l.
19%
19%
19
19%
The dividend rate of the National Bank of the Republic Mo. K an. & T ex., co m .. 27% 27
27
27
27%
27%
58
58
58%
59%
59%
P re ferre d ...................... 58
was recently advanced from 5 to 6 per cent.
158
158% 158% 159% 159%
» . Y. C en t’l & H udson.. 158
—The stockholders of the Colonial Trust Company of S. Y. O ntario & W est’n 33% 33% 33% 33% 33% 33%
58%
58
58
58
58
este ........
Chicago, at their first meeting last week, chose directors, W orfoli & Wdo rnpref. 58% 92
92%
92
92%
92
92%
Do
76%
76%
76%
76%
76%
76%
lv a
who then elected the following officers: President, H. H. P e n n sy& Bneia ___........ 82% 32% 32% 32*8 33
32*8
*Phila.
a d _______
Rose; Vice-President and Cashier, L. C. Rose; Assistant "Phila. & R e a d .,le t pref. 42% 42% 42% 42*0 43% 43
35
35%
35%
Phlla. &
Cashier, A. S. Boos; Manager Bond and Mortgage Depart­ 'Southern R ead., 2d pref. 34% 34*8 65% 35
66%
85%
66%
66%
P acino............ 65%
37%
38%
38
ment, G. H. Coney. The President and Vice-President have •'outh’n R ailw ay, 00m .. 87% 37% 97% 38% 97% 97%
97
97%
P re fe rre d .........1_____ 97
for many years constituted the successful mortgage banking Union P acific............ . 106% 107% 107% 107*8 107*8 107%
90
90
90%
89*8
90%
re
......................
firm of Rose & Company in Chicago. Assistant Cashier U.P8. ferre dOorp., com .. 90
40%
41%
40%
40%
40%
39*8
Steel
91%
91%
91%
91
91
do
p re f.. 91%
Boose was long connected with the Merchants’ Loan & Trust Do
27%
28
28%
27%
27
27%
W abash..................... .
Company. Mr. Coney has bad large experience in bonds and Do p re fe rre d .......... 44% 44% 44% 45% 46
46
76%
76%
78
1 76
Do
Deb. “ B” ......... 76
78
mortgages, The capital of the Colonial Trust is $300,000; its
surplus $50,000, It will open for business June 16 in the bank­ * P rice p er share.

THE CHRONICLE

1231
(& o m m z x

e t a 1a n t i i T X t s c c T l a u e a u B «

iMi-OUTS AND EX! OUTS FOB THE W EEK.—T h e f o llo w in g BTf
chd im p o rts a t N ew Y o rk fo r th e w e e k e n d in g f o r d r y goods
J u n e 5 a n d f o r th e w e e k e n d in g fo r g e n e r a l m e r c h a n d is e
J u n e 6 . a ls o t o t a l s s in c e b e g in n in g f ir s t w e e k J a n u a r y ,
fORifliOfil IMPORTS.

JW UMh,

1809.

1900,

1901*

1902,
#1,030*680
0,901.800

a 1*401/201

#1,521,408
7,769,769

$1,181/204
7,458,787

#8,028*492
Total
ifindd Jan. 1
Dry Q’
OOd.s.... $57,292,352
Hen*1 merMla* 190/203,240
Total 28 weeks •^24*7,496.598

*12907.190

$9,291,177

$8,639,991

Dry Goods...

#48.394,07W #59.361,416 $48,526,567
206,399,050 196,055,263 189,987,988
$254,793,135 $255,410,679 ^238,514,555

Che fo llo w in g is a s t a t e m e n t o f t h e e x p o r t s ( e x c lu s iv e of
gpeole) f ro m t h e p o r t o f N e w Y o rk to f o r e ig n p o r ts f o r th e
w e e k e n d in g J u n e 9, a n d f r o m J a n u a r y i to d a te .
UXPOBT8 FEOH HEW VOBE JOB TUB WBES.
1903.
Ifor the week.
Prev. reporter

1900.

1901.

1899,

#10*732,865 $11,103,761 $11,690,912 $9,637,557
207,111,090 222,769*805 225,430,448 194,901,474

Total 23 weeks $217,843,901 $233,803,666 $237,121,360 $204,539,031
Note ,—As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the m onthly totals, also compiled by the Custom House, we shall from
time to tim e adjust the totals by adding to or deducting from the
am ount “ previously reported*
T h e fo llo w in g t a b l e s h o w s t h e e x p o r ts a n d I m p o r ts of
tp e o ie a t t h e p o r t o f N ew Y o r k fo r t h e w e e k e n d in g J u n e 7
a n d s in c e J a n . 1, 1902, a n d f o r t h e c o rr e s p o n d in g p e rio d s in
1901 a n d 1800.
Bxpoa-ra as® im tobts o » s pe c ie at sraw y o b s .
Im p o r ts .

JSxpQrU,
W m te.
§ f e s t B rit
* .* * „ .,
F v - s . n C 'e .
f 4 f tT W a t i v
W e s t I n d l e e oa. ^ . „ . ao
M e x ic o
d o u th A m e ric a .
A ll o t h e r c o u n t r i e s .

,..

....................

T o ta l 1 9 0 2 ....,=
T o t a l 1 9 0 1 ..............
T o ta l 1 9 0 0 .„ „ » .

....... *

S in e s J a n .

1.

W eek.

M n c e J an*. 1
$

$ 1 8 2 ,8 5 0
1 4 ,1 3 0 ,3 8 8
1 ,5 8 6 ,1 0 4
5 3 2 ,1 0 7
2 7 ,1 0 0
3 2 7 ,9 7 4
1 0 3 ,0 4 6

6 ,0 5 0
1 ,8 0 1

4 8 7 ,5 5 0
26
1 3 6 ,5 8 2
1 8 ,4 9 8
4 6 0 ,3 2 8
9 0 ,4 3 4

$ 1 4 ,0 0 5 $ 1 6 ,8 8 9 ,5 6 9
6 ,5 6 3
2 2 ,7 8 5 ,8 1 1
8 2 ,5 3 1
1 9 ,5 2 2 ,1 4 4

$ 9 ,9 8 6
3 6 ,5 9 1
1 7 ,9 5 7

$ 1 ,1 4 3 ,4 1 2
1 ,0 9 4 ,0 6 6
1 ,2 8 1 ,5 6 3

1 2 ,0 0 5
2 ,COO

2 ,0 0 0
185

Im p o rU *

H x p o rU ,
S ilv e r ,
W eek.
G r e a t B r i t a i n . a„ „ a „ .
F r a n c e .,* ...^ .
G e rm sm y
W est I n d ie s ....^ ..,
M e x i c o . «««*.« . = Da&* .
S o u t h A m e r i c a ______
A ll o th e r c o u n tr ie s .

___

B.aa5,r
«

jff in fie J a n .l.

$ 6 4 0 ,7 5 0 $ 1 5 ,5 2 3 ,1 3 1
5 2 9 ,7 3 1
1 ,0 0 0
8 4 ,4 4 4
9 ,0 7 5
5 2 ,6 6 1
700
1 ,3 0 0

W ee k.

M ince J a n . l

$ . . . .......

$844
700

700
127

........

750

2 6
261
188
11

,9
,3
,2
,9

3
4
8
8

2
6
1
4

New io r k U itj (Hearing House Banks.—Statem ent of
jonditlon for the week ending June 7, based on average of

daily results.

$ 6 4 9 ,8 2 5 $ 1 6 ,1 9 2 ,9 6 7
1 ,0 2 0 ,6 4 4
2 8 ,1 5 7 ,9 1 8
2 2 ,3 1 1 ,0 9 9
9 7 9 ,9 0 6

$ 1 ,5 7 7
7 5 ,0 9 3
7 4 ,2 6 1

$ 4 9 0 ,0 9 7
1 ,6 4 9 ,0 5 2
1 ,7 6 0 ,4 4 8

O f t h e a b o v e im p o r ts f o r t h e w e e k i n 1902 $185 w e re
A m e r ic a n g o ld c o in a n d $108 A m e ric a n s ilv e r c o in . O f tb e
e x p o r t s d u r in g t h e s a m e t im e $12,000 w e re A m e ric a n g o ld
c o in a n d $8,000 w e re A m e ric a n s ilv e r c o in .

Auction. Sales—By Messrs. Adrian H. Muller & Son :
Stocks,
Stocks.
20 West Side B a n k ....500-524
100 Domin, Secur. Co...$1,050 lot
5 C entral T rust ( o ... a—. 1945
100 Hackensack Mead.Co.$830 lot
_
TOO Peacock Copper Co_ .$5 lot
22 North Am. T rust Co.2 7 1 3 4 -272
100 By.A utom at. 8 alesCo,pf. 51
10 E astern T rust CO o......-2121
^
1 Adirondack League Club.$510
Bondsi,
100 Col. Coal.Iron & Dev.Co, 7s $15,000 Subscription to
2 Chemical Nat. B a n k ...4300
South Shore Ry. Syn­
dicate (Standard Trust
5,998 New Bochelle & Weatc,
Telephone Co.......... $55 lot
Co. Tem porary Rec’t..$4,000 lot
30 Amer. Exc. Nat. B ank . . 2 7 8
$45,000 Richmond Coal Min.
10 T rust Co. of A m erica..,.265^
& Mfg. Co. 1st con.6 s .$1,000 lot
$2,000 Chicago By. Term.
II Cent. Realty Bd.& Tr.Co.547
50 G erm an-Am eri.fBark. ..1 5 9 ^
Elev. Co. 1st 6 s ..........49-49^
10 Morton T rust Co_ _ ..1100
_
B y M e ssrs. R ic h a r d V . H a r n e t t & C o.:
149 Edison Jr. E lectric Light A Pow er Co....... $10 each..75c. a share
N e w Y o r k C ity , B o s t o n & P h i l a d e l p h i a B a n k s ,—B elo w

we furnish a s u m m a r y o f t h e w e e k ly r e t u r n s o f t h e C le a rin g
House B a n k s o f N e w Y o r k C ity , B o s to n a n d P h ila d e lp h ia ,
Capital &
Surplus. Loans. Specie, Legala. Depoaits.t
1
Y~
$
$
9
' 9
May 17.. 188,880,6 879,029,9 1088258 73.501.2 986,161,9
44 24.. 188,880,0 870,483,3 1719330 75.316.2 981,751,0
« 81.. 188,880,8 885,593,6 X72S860 78.474.0 948,3204
June 7.. 188,880,0 884,206*8 1722158 75.544.1 945,890,5
B ob. 51
5
May 24.. 52.001.0 183.912.0 10.764.0 8.509.0 205.091.0
0,210 ,0 205.011.0
4
1 31.. 52.001.0 185.309.0 15.889.0
June 7.. 52.061.0 187.840.0 15*315,0 6 . 1 1 1 .0 310.443.0
Ehlla.*
50.347.0
May 24. 38.715.3 180.032.0
213.812.0
58.220.0
31.. 38.715.3 179.960.0
215.289.0
June 7.. 38.715.3 179.078.0
59.192.0
214.148.0
* Wt omit two ciphers in all these figures,
t Including for Boston and Philadelphia the item M to
due
BANKS.

Qirc’Vn. Clearing*
9
$1,273,2- 14-9A 021
81,170,8 13500689
31,2453 10150729
31,4664 12412072
5.007.0 122,682,9
5.004.0 101497,0
5.008.0 134,895,5
9.102.0 124,804,0
9.100.0 91,869,4
8.973.0 118351,9
other hanks.”

W e o m it tw o c ip h e rs ( 0 0 ) in a ll oases.

Re­
Capital. Surplus. Loans. Specie. LeuaU. Deposit* serve
9
$
9
9
9
P, 0
Sank of N. Y..,. 2 ,000,0 3,2* 0,8 18.233.0 2.948.0 1.525.0 17.080.0 26*2
Manhattan Co... 2.050.0 2,288,6 21.913.0 6.482.0 1.892.0 26.847.0 28*3
2 ,000,0 1.246.7 12,807/2 2.078.4 1.087.4 14.949.0 24*7
Merchants*..
2 ,000,0 2.496.8 12.990.0 1.823.0 1 /220,0 12.769.0 23*9 ,
Mechanics*.,
1.500.0 8.207.8 20.108.0 3.328.8 2,766,7 22,724/2 20-7
America.—
.879.0
1 ,000,0
285.6 6/472,0
Phenix.,—
834,0: 5,08*4,0 23 8
1 0 ,000,0 7.888.4 110,721,0 20.840.0 7.409.0 124,623,0 376
Oity....... .
800,0 7.087.1 24.137.6 8.078.0 3,828, i 23.811.1 a ro
Ohemical.,.--...
664,9
000,0
680,0 6 ,0 12,6 22 0
278.1 4,925,4
Merchants* Eat..
942,4
1 , 000,0 2.044.1
820,1 0,882,6 263
8,797,1
Gallatin... .
405.3
1,860,0 24'8
66,0
77.8 1,496,8
300.0
Butch.A Drov’a
407.0
400.0 142.1 3.320.0
3.800.0 10‘7
200,0
Mech, A Traders
181,9 1.267.7
102.4 1,094,9 n*7
91,0
Greenwich,.—„„ 200.0
600,0 628/2 4.782.8 1.004 0 197.1 4.788.0 23*2
Leather M’Prs
99.8 6.797.6 1,180,6
820> 6.998.7 25 0
8 eyenth N afcion*1 1 . 700.0
American Exoh, 5.000. 0 8,800,0 29.950.0 6.040.0 1.819,0; 24.900.0 275
Commerce— — 10 ,000,0 7,837/2 72.384.7 8.128,2 7.863,9 08.331.2 26*2
—
0
199.4 0,030,5 24*2
Broadway....... 1 .000 . 1 .0 0 2 .1 0.034,7 1.268.4
1 , 000,0 1.416.3 13.918.8 1.848.9 1*822,6 14.722.6 24*9
Mercantile
328,7
486.0 3.804.8 2 P 0
422,7 6 8 5 . 8 3.208.8
Pacific...........
097/2
874.4 0,209,0 26*3
Chatham....—
— 450.0 1 ,002,1 0 ,12 2 ,0
162.4
364.9 2.009.3
587.0 2.720.4 27*1
200.0
People’s .... ...
North America. 2 ,000,0 2.027.7 10.093.8 1.928.0 1,430/2 14.710.0 22*8
8 ,000,0 6.912.1 47,549/2 7,409,2 0,263,6 63.513.0 26*6
Hanover...... .
602.0
585.2 4.438.0 24*4
500.0 484.0 4.344.0
Irving..............
022,0
826.0 0,710,0 20 ‘ 1
Citizens*— — 1.560.0 008,4 5.763.8
409.2
333.7 8.264.4 22*8
600.0 289.1 2.810.0
Nassau......... .
962.3
074.0 0.408,0 25*1
Market A P ol ton 900.0 1.040.5 0,223,6
887,1
107,9 4.893.7 24 0
Shoe A Leather 1 ,000,0 247.9 3.887.0
Oorn Exchange.. 1.400.0 1.788.7 21.066.0 8.006.0 2.830.0 26.434.0 24*3
211.4
405.2 2.009.0
817.0 1.970.0 20*8
800.0
Oriental.........
[mp’t’rs’ATr&d. 1.500.0 0,278,3 23.070.0 4.183.0 1.245.1 21.490.0 25*2
2 ,000,0 4.192.7 40.877.0 18.310.0 4.060.1 67.688.0 33*0
Park.......... .
146/2
191.7 1.344.0 25 1
250.0 152.1 1 .220.6
Bast River. L
Fourth—.—
...... 8 ,000,0 2.660.6 20,876,2 2.839.1 2.723.1 22.241.9 25 0
690.1 10.097.0 2,286,0 1,095,(1 13.518.0 25*0
Central —. . . __ 1 ,000,0
300.0 1.185.8 9.625.0 1.520.0 1.040.0 10.298.0 24*9
Second...........
10 , 000,0 11,900,1 78,849,6 17,808,6 1.488.4 74.539.9 26*2
Pirat.— ........
352.2 6,552,6 26*3
600.0 841.9 6.604.0 1.052.8
N.Y.NatTExoh.
400.0
329.0 3.826.0 21*9
260,0 756.2 2.876.0
Bowery........... .
828.0
414.1 6,017/2 24*7
004.1 4.010.8
200,0
N. Y. County....
008,0
232.6 3.318.3 25*1
Qennan Amerl,. 750.0 410.1 3.411.0
8,029/2 89,628,4 10,063,2 2.293.0 47.708.0 26*8
1 , 000,0
Chase........ .
9.449.0 2.040.8
148.8 10.641.0 28*4
10 0 .0 1.485.8
Fifth Avenue...
002.7 2.465.6
680.1 8.262.8 24 7
226.4
200 ,0
Glenn an Exoh...
095.8 5.094.5 21*6
8585 3.099.1
409,3
200 ,0
GRjrmjs.nia........
300.0 1.171.2 14.195.8 1.275.1 2.977.1 10.790.6 25*0
Lincoln.,......
1.284.4 7.768.4 1.083.2
328.0 8.315.1 27*8
Barfield.......... 1 ,000,0
482.0
109.1 '2,488,9 24*3
887.0 2.284.8
200.0
Filth........ .
672.6 9/293,1 23*8
Bank of Metrop. 300.0 1 ,200,6 8,116,3 1.047.4
401.7 2.948.0
COLO 809.0 3.196.0 25*3
200 .0
West side....
500.0 1,108,1 12.701.0 2 /200,0 1,023,0 15.080.0 95'0
Seaboard*....
2,874,7 88.467.0 0,050,7 2,197,3 44,079/2 25T
2 . 10 0 .0
Western..__
400.0 4.281.0 19*0
411.0
300.0 536.2 4.409.0
1 st Nat., B’klvn.
425.0 7.058.0 24*8
liberty........... .
500.0 829.3 7,142,b 1.327.4
534.1
301.3 3,780,8 23*0
N. Y. Prod. Ex.. 1 ,000,0 468.1 4.028.6
474.3 8.488.0 26*0
500.0 663.2 7.617.2 1,052,7
NewAmsterdam
134.4 4.203.0 23*7
8 S2,6
Aster........__ _
360.0 409.3 4.205.0
100.7 3.284.3 36'2
Hide A Leather, 500.0 422.4 3.387.5 1,091,0
BANES.

Total............88,872,7 1050079 884,200,9 1722150 75,544,1 945,890,5 20*1

Reports of Non-Member Banks.™The following is the
itatement of oondition of the non-member banks for the
veek ending June 7, based on averages of the daily result.
We o m it tw o c ip h e r s ( 0 0 ) in a il cases,
BANKS.
(00s omitted/}
njbw

T o ta l 1 9 0 2 ._ _
T o t a l 1 9 .0 1
T o t» U 9 0 0 ...„ .

[VOL, LXXIV

Yo r k Ci t y

Leg. I. Deposit.with Net
Oapi' Sur­ Loans &
ta L plus. Invest­ Specie. SeB’k. Oiear’g Othet D$pom$
ments.
Notes. Agent. B k>
ks.< .

Borough of
Manhattan,
$
9
I
Ooloni&h ..<*♦* e» * 10 0 ,0 156, h 2175.1 45.7 103.9 171.0 1 6 0 , 0 2450.0
*
Columbia..,* !...*««' 300.0 225.5 2802,0 149.0 105.0 235.0
3,0 2924.0
Fourteenth Street, 10 0 .0 86.9 2213,8 151,3 as,e 401,7
2681.0
Stensevoort*. *,
200,0
9.0 107.5 300.6 53.8 1711.0
35,1 1455.7
08,0 1903.1 94.0 118.7 117.7 13,3 20 0 0 ,2
200,0
Hamilton** ....
Mount Morris« *, * 250.0 80.9 2370.1 127*0 95.7 253.8 52.9 2031.3
„»
30.4 110*6 245.0
200.0 174.0 1630.0
Hutual**** ..♦*
8,8 1504.4
Nineteenth Ward* * 200,0 162.9 1464.4 29.8 169.8 341.1 1 7 3 , 1 1 9 4 1 . 7
10 0 ,0 230.5 2848.0
85.8 10 0 .0 298.0
PlaSS 1 0*6**0 **
6
«
3118.5
100,0 187,4 1070*5 18.5 73,1
80,8
Riverside*******
1058.0
100,0 817.9 4811.0 872.0 185.0 1 9 9 .0 254.0 5469.0
State.
200,0
56.8 1505.0 83.0 150.0 94.0
Twelfth Ward.
1844.0
Twenty-third WM* 100,0 77.5 1125.3 89,* 113.3 89.1 29,0 1297*1
Union Square.*** 200 ,0 872.9 1934.4 68.0 200/2 247.9 475.0 278as5
forkville*. ••».*** 100,0 244.2 1479.0 41.2 160.4 145.0
7,7 1558.0
50.7 88.5 19,8 733,8
100,0 37.5 721,0 11.3
Washington.......
640.8
8.5 34.0 44.8
200,0 100.2
510.0
Fidelity ...o,, ....
4.5 63.1 89.9
100,0 59.8 800.9
""*4 798.5
Yarick — ........
5,d 10 2 .1 102.5
60.6 1216.2
200,0
Jefferson ............
3 1229.2
2,9 18.8 23,7
Century
__ 10 0,0 50,7 202,5
155.7
9,8 20,0 43.4
285.0
Wa8hp
gton Heights 100,0 10 0 ,2 410.9
1004.3
United National... 1000,0 189,3 1938.6 197.0 40.0 41.6
Boro'h of Brooklyn.
Bedford.............. . 150.0 133,2 1393.6 13.2 83.3 107.5 120,5 1504.6
1817,5
Broadway .............. 10 0 .0 189.1 1654.0 12.3 142.6 176.2
Brooklyn*. .*•*•«.•• 300.0 105.9 1445.6 80.9 41.9 188.2 28.7 1519.0
5.1 85.0 51.2 1 5 . 7 380.0
Eighth Ward.* e se 100.0 15.6 325,8
a*
Fifth Avenue* •*a 100,0 80,0 783.4 43.4 30.5 63.2 10 ,2 080.5
a*
sr.94,0
M:»nufaet,rs, NatT. 252.0 480.1 2909.0 340.1 10 0 .6 425.4
Mechanics............ 500.0 349,7 5828.8 192,8 179,2 284.1 20,0 4217/3
707.4 14.4 88.7 45.0
798.7
Merchants*. . . ....... 100.0 29.7
Nassau National.* 300.0 027.0 3090.0 175.0 292,0 5 4 3 .0 81,0 4045.0
National City.. **. * 300.0 685.0 2952.0 135.0 s e u 344.0 9 0 . 0 3193.0
735.7 X1*7 53.0 48.0 89.3 090,4
10 0 .0 148.1
North Side........
44.0 94.5 50.0 5 1 . 4 1301.8
Peoples.............
10 0 ,0 138.2 1.270.8
48.4 79.5 a.?, e 544.0
8.6
Seventeenth Ward 10 0 ,0 79.0 550/2
4.4 177.5 29.0 914.1
259.0 1024.0 97.1
Sprague National.. 200,0
25.8 09.9
3.9 530.1
Twenty-sixth W5d, 10 0 ,0 57.0 543.4
w
40.6 93.0 63,4 1 5 1 , 6 1 . 2 10 .0
200,0 125.0 1.225.0
Union......
67.0 818.7 39.1 29.9 52.6 83>3 816.7
10 0 ,0
*Yallabouis..
Borough of
Richmond.
Sank of Staten Igi 15,0 70,6 545,0 17/3 27,4 11?#5 30,0 648,7
689.4
1st Nat,Staten Isl 10 0 ,0 91,8 705.7 47,7 10 ,0 1X3*7
Other (Mien.
1st N at, Jer* City* 400.0 984.9 4554.0 283,8
1005,1 1249,0 6769.0
110,5
77.0 1837.8
Hud* Co. N at, X.O. 350.0 615,4 2360.0 80,7
M N a t, Jer* City*. 260.0 804.9 1 2 0 1 .0 88,2
429.0 78,6 1381,4
411.9 20.0 1300.8
Sd N at, Jer. City*. 200 ,0 .249,7 1080,8 59.0
168.1
. 2493.0
1st N at, Hoboken* 1 1 0 ,0 403,1 2053,S 127,2
58,9 18/i 971,9
135,8 1000,9 83.0
Id Nat *9 Hoboken* 125,0
.
Totals June 7.. 88 ! 2,0 9494.7 76524,9 8554.5 4438,1 8899.5 3408,8 88739,4
Totals May 81- 8812.fi 9494.7 70580.3 3314,9 4214,4 8579,9 8127*6 83605,8
Totals May 24.. 8813,0 9494.7 70600.3 3868.6 4305.0 8427.6 2802*8 82141,4

J

une

THE CHRONICLE.

14, 1902. J

g a u k u ig am i ^ m a te ria l.
BANK

OF

MONTREAL.

ANNUAL GENERAL MEETING HELD SECOND OE
JUNE, 1902.
(From the Montreal Gazette, June

8 rd ,

1903.)

The elghty-fourtli annual meeting of the shareholders of the Baltic of
Montreal was held in the Board Room of the institution at 1 o’clock
yesterday.
There were present: Iton. George A. Drummond, Sir William C.
Macdonald, Messrs. R. B. Angus, A. F. Gault, E. B. Greenshields,
Alex. T. Paterson, R. G. Reid, James Ross, Hon James O’Brien, G. F.
C. Smith, Donald Macmuster, K. C.; F. E. Meredith, K. C.; Ii. Dobell,
George R. Hooper, Henry Spragge, Tltomas Irving, B. A. Boas, George
Filer. C. M. Holt, C. J. Fleet, G. A. Greene, M. S. Lonorgan, A. E. Ogllvie, B artlett McLennan. M. S. Foley, A. T. Taylor, W. R. Miller, J. B.
Learmont, W. J. Morrice, Alex. McArthur, nuntley Drummond, W. II
Evans and John Morrison.
On the motion of Mr. John Morrison, Hon. George A. Drummond,
Vice-President, was unanimously voted to,the Chair, ip the absence of
the President, the Rt. Hon. Lord Strathcona and Mount Royal.
On the motion of Mr. B. A. Boas, seconded by Mr. H. Dobell, it was
agreed : “ That the following gentlemen be appointed to act as scruti­
neers : Messrs. G. F. C. Smith and F. E. Meredith, K.C., and that Mr.
James Aird be the Secretary of the meeting.

1235

DI HE*.'TORS’ REPORT.
The report of the Directors to the Shareholders at their 84th annual
general meeting was then road by Mr. E. S. Clou ton, General Man­
ager, as follows :
The Directors have pleasure In presenting tne 84th annual report,
showing the result of the Rank’s business of the. year ended 30th
April, 11)03.
Balance of Profit and Loss Account 30th April, 1901___ $704,703 19
Profits for the year ended 30th April, 1902, after de
ducting charges of management and making full pro­
vision for all bad and doubtful debts.............................. 1,001,152 90
$2,365,850 09
Dividend, 5 per cent, paid 1st December, 1901..$000,000
Dividend, 5 per cent, payable 2d June, 1902__ 000,000
----------- 1,200,000 00
Amount credited to Rest Account....................................... 1 ,0 0 0 ,0 0 0 00
Balance of Profit and Loss carried forward....................... $165,850 09
Since the last annual meeting a branch of the Bank lias been opened
at Glace Bay, N. S., and suitable promises for its occupation are now
being erected at that point.
The premises which were announced at tlie last annual meeting as
in course of erection a t Point St. Charles, are now completed, and oc­
cupied by the Bank.
The Head Office and all the branches have iiassed through the usual
inspection during the year.
STRATHCONA AND MOUNT ROYAL,
President.
Bank op Montreal, Head Office. 2nd June, 1902.

GENERAL STATEMENT, 30TH APRIL, 1902.
Assets.
Gold and Silver coin current...................$3,057,465 94
Government demand n o te s ................... 4,068,281 00
Deposit with Dominion Government requiredbyactof Parliam ent for security
340,000 00
of general bank note circulation__ ...
Duo by agencies of this
bank and other banks in
Great B ritain................. $3,101,578 15
8,768,526 10 Due by agencies of this
bank and other banks in
foreign countries.......... 1,945,483 83
$20,768,526 10
Call and short Loans in
Great
Britain
and
United S ta te s..,........... 29,220,983 00
------ ----------- 34,268,044 93
93,902,127 16 Dominion and Provincial Government
Securities....... ................................
819,860 36
Railway and other Bonds, debentures
and stocks................................................... 6,152,39320
Notes and Cheques of other Banks____ 1,826,190 58
-------------------- $50,532,236 06
Bank Premises at Montreal and Branches....................
600,000 00
Current Loans and discounts in Canada
and elsewhere (rebate interest re­
served) and other assets............................. $63,211,06894
Debts Secured by mortgage or other­
wise ......................................................
232,471 83
Overdue debts not specially secured
(loss provided fo r).................
94,876 43
------------------ 63,538,417 20

Liabilities .
Capital Stock.................................................................... $12,000,000 00
Rest .......................................................... $8,000,000 00
Balance of Profits carried forw ard........
165,856 09
Unclaimed Dividends..............................
Half-yearly Dividend, payable 2d June,
1902........................................................

$8,165,856 09
2,670 01
600,000 00
-------- ----------

Notes of tbe Bank in c irc u la tio n ......... $7,007,321 00
Deposits not bearing interest'......... ....... 22,899,086 32
Deposits bearing interest....................... 63,920,547 31
Balances due to other Banks in Can Ida.
69,172 53

$114,670,653 26

Bank

of

Montreal, Montreal, 30th April, 1902.
THE GENERAL MANAGER.

Mr. Clouston then sa id :
There is nothing of unusual interest calling for comment in the state­
ment we lay before you this year. I t shows a steady increase in our
busi ness and a corresponding increase in our profits. The following
are the principal changes as compared with last year. Our circulation
has increased $525,000 and the deposits $14,139,000, making our
total deposits here and in other countries $86,825,633; quite a respect­
able amount, but still not large as compared to the deposits of banks
with smaller capital in Great Britain and the United States. Our
readily available assets have increased about $ 1 0 ,0 0 0 ,0 0 0 , and our
loans and discounts $4,360,000. The overdue debts, secured and un­
secured, are $77,000 greater, but we believe that we have amply pro­
vided for any possible loss. The profits show an increase of $63,630,
after paying all charges of management, all additions and repairs to
our bank premises, and making provision for bad and doubtful debts.
I think you will agree with me that the statement is a fairly satis­
factory one.
Nor have i anything of Importance to say on matters outside our
own statement. Generally speaking, the past year lias been a prosper*
o 11 one for Canada, and so far the hand of the commercial barometer
still stands at “ fair,” The revenues of the country are large; rail way
eai plugs are steadily Increasing; farmers are prosperous; the outlook
or lumber Is Improving, and the tide of immigration has set in with

E.

8.

CLOU8 TON, General Manager.

greater volume, ensuring to Western Canada, and indeed to the whole
country, more rapid progress in population and material prosperity.
The natural resources of the country are being steadily developed; the
output of coal is inoreas ng, and it looks as If we wore on the eve of
im portant results in the iron and steel Industry. There are indications
also that the recent consolidation of Atlantic steamship lines by au
American syndicate will compel Canada, In self-defence, to take up the
question of a fast Atlantic service, and if we wish to secure immigra­
tion, retain the traffic properly belonging to our own ports, and safe­
guard the interests of our commerce, we must see th a t the service,
both passenger and freight, is second to none in speed and equipment.
There have been exceptions, .and some industries have not shared in
the general prosperity, but these can in most cases be traced to undue
competition and bad management. Mining in British Columbia is
still highly unsatisfactory, and it may be' some time yet before it re­
covers from the collapse of the last two or throe years.
The Stock Exchanges of Canada have shown an activity unexampled
in the history of the country, and though speculation has been rife,
there lias been a certain foundation for the advance in the quotations
of securities, and it is not entirely the wild, reckless state of affairs
that foreign crities profess to believe exists here. Still, there is danger
of speculation being'carried beyond legit imate bounds, and we have
probably reached a point where investors and lenders would do well
to look more closely Into the inlriusio value of I lie securities they purI chase, or accept as collaterals.

1236

I'HB

( HRON1CLB

[V O L . L X X I V .

Compared with the proud satisfaction we feel at having had a share
It there are any qneationa relative to tlie buaineee ol the bank on
which the shareholder* wish explanation, i shall he pleased to answer in bringing the harassing and protracted struggle to a successful termi­
nation, all the sacrifices made by the country are trivial. But the
them.
gratitude we owe to those who fought and bled for us will never, I
trust, be forgotten. The glorious record of courage and endurance
THE CHAIUMAN’8 ADDRESS.
made by her sons has lifted Canada into a higher plane of national
Hon. George A. Drummond then mid:
life.
G enii . e m e n ; -The statements presented by Mr. (Houston will, no
The auspicious visit last autumn to this country of Their Royal
doubt, be received by you with satisfaction, showing as they do the Highnesses the Duke and Duchess of Cornwall and York was the occa­
sion of the uuani luous display of loyal welcome from one end of the
prosperity and progress of the bank.
That it has made substantial progress you may gather from the fig­ Dominion to the other, and was happily marked by the absence of
ures periodically submitted to you.
misadventure of any kind.
In 1 *7 3 , when the capital was raised to us present amount of $ 1 2 ,The approaching coronation of our Gracious Sovereign will, we
000,000, ancl the rest stood at $5,000,000, the assets were about trust, be succeeded by a long and prosperous reign.
I move that tin-report of the Directors be adopted and printed for
$35,250,000.
In L8 8 G they were nearly 45 millions ($44,661,681).
distribution among the shareholders.
in 1890 th e y w ere o v er 46 m illio n s ($46,166,448).

In 1900 they were nearly 79 millions ($78,852,197).
And in the present year over U>0 millions t$l 14 000,000).
The keen competition among banks necessitates a greatly enlarged
business to maintain dividends, and the public gets its financial busi­
ness done much more cheaply now than formerly.
The increase of our rest by one million of dollars will, no doubt, com­
mend Itself to your judgment as a prudent step, and should enhance
the value of our property.
The large ad d itio n to our H ead Office Building, now in progress, was
rendered necessary by the inconvenient overcrowding of our present
premises. The addition is on a considerable scale, and will, it is hoped,
suffice for tlte wants of the bank for years to come. Large as it is,
however, it is not more in advance of our present wants than our pros,
ent structure was when erected to the, conditions then existing
The beautiful facade of our present building will not be impaired;
but the interior will be remodeled to adjust it to the now premises and
make it fireproof.
The marked increase in the general banking business of the Dominion
is an evidence of the prosperity of the country. Since April, 1897, flic
total assets of all the banks have increased from $243,400,000 to $448,300,000; the deposits alone having risen from $196,700,000 in the
*ormer year to $339,000,000, and the note circulation from $30,800,000 to $50,700,000.
The Bank of Montreal lias fully shared in the great improvement In
business above noted, the general increase in the public deposits in the
last five years being equal to 72x per cent, and that of our bank alone
-2
considerably exceeds 1 0 0 per cent.
The conservative course of your directors in continuing to strengthen
the resources of the Bank will, I am sure, meet with your approval,
for while the general prosperity of the country shows no sign of abate­
ment, it seems an undeniable proposition to say that had times may be
expected sooner or later.
In commercial matters generally nothing is so striking as the growth
of the foreign commerce of the Dominion. In the first nine months of
the current fiscal year, that is to March 31st, the aggregate foreign
trade has reached $302,500,000, as compared with $282,300,000 in the
corresponding period of the preceding year, while only five years ago
our foreign commerce for the entire period of twelve months barely
reached $249,000,000, a figure which, in the fiscal year ending this
month, will probably be exceeded by more than 50 per cent. This ex­
pansion covers both exports and imports.
The most gratifying feature of the trade returns is the increased
sales abroad of Canadian products, which from 1st July to 1st April
amounted in value to $144,547,000, and for the full period of twelve
months will probably exceed $190,000,000; whereas six years ago the
value of our shipments was only $ 1 1 0 ,0 0 0 ,0 0 0 .
Products of the soil still constitute much the largest portion of this trade;
but it is satisfactory to note th at in manufactures the increase is about
30 per cent, or as $12,000,000 to $9,800,000; and I need scarcely refer
to the enormous activity in the production of iron, steel, nickel, etc., to
say nothing of the extraction of the precious metals, which for the
present is under a cloud.
Meanwhile the carrying trade of the country has been in an unprec­
edented state of activity and prosperity; the great railways are
spending liberally on track improvements and rolling stock to meet
the demands on them, and new trunk lines are under construction.
Immigration is increasing rapidly, and will have a favorable influ
ence in every direction. Lands, especially in the Northwest, which
have for years been in little demand, have latterly been actively
sought for and taken up.
Turning to general conditions outside of the Dominion, the immense
aggregations of capital in the hands of corporations and individuals is
bringing about economic results of the most startling character. The
control of railway lines, the absorption of ocean transports, the con
solidation of industries, all fly directly in the face of economic theories
based on unlimited competition, and he would be bold who attempted
to predict the outcome.
No fewer than four new banks were incorporated during the present
session of Parliament.
Questions of vital importance to ourselves and the Empii’e are to be
considered by the Imperial Government and the premiers of the col­
onies, at the conference to be held in London; its decisions will be
watched with absorbing interest and involve momentous possi­
bilities.
The present moment seems to be most favorable for securing an in­
dependent line of steamships to a Canadian port. They should in
speed and equipment be equal to any afloat, and the prospects of finan­
cial success for the undertaking were never, in my opinion, so bright
as now, while its realization would be of enormous benefit to tills
country.
I t is with the highest satisfaction and gratitude that we receive to­
day the news of peace in South Africa.

THE REPORT ADOPTED.
Mr. A. T. Paterson, In seconding the motion for the adoption of the
report, said that it was quite unnecessary to add anything to the re­
marks which had fallen from the Oh sir, and to the statement made by
the General Manager, beyond stating that he enolrely concurred in
them, and endorsed them. There was one;tliing, however, to which lie
might refer, and that was that on that day he had come of age, not
personally, but as a director of the Bank, and he wished to take the
opportunity of thanking the shareholders for their long-continued con*
fldence in him. He also wished 1 o say that his many j ears’ expe­
rience as a director enabled him most thoroughly to endorse the
statements made as to the improvement in the position of the Bank.
After a few remarks by Mr. John Morrison, the motion for the adop­
tion of the report was unanimously agreed to.
Hon. James O’Brien moved :
“That the thanks of the meeting be presented to the President, VicePresident and Directors for their attention to the interests of the
bank.”
This was seconded by Mr. Donald Maemaster, K. C., and having been
adopted unanimously, was acknowledged by the Chairman.
Mr. E. B. Greenshields moved: —
“That the thanks of the meeting be given to the General Manager,
the Inspector, the Managers and other officers of the bank, for their
services during the past year.”
The motion was seconded by Mr. James Ross, and the Chairman
having added that he fully concurred in it, and thought it was exceed­
ingly well deserved, It was unanimously carried, and was acknowl­
edged by the General Manager.
Mr. George R. Hooper moved: —
“That the ballot now open for the election of Directors be kept open
until 3 o’clock, unless fifteen minutes elapse without a vote being cast
when it shall be closed, and until that time, and for that purpose
only, this meeting be continued.”
This was seconded by Mr. C. J. Fleet, and unanimously agreed to.
On the motion of Mr. John Morrison, seconded by Mr. A. F. Gault,
a hearty vote of thanks was accorded to the Chairman for his conduct
of the business of the meeting, and he acknowledged the same.
THE DIRECTORS.
The ballot resulted in the election of the following directors:
A. T. P a t e r so n , E sq .,
R. B. A n g u s , E sq .,
H on . G e o r g e

a

. D rum m ond,

R. G. R e id , E sq .,
J am es R oss , E sq .,
R t . H on . L o r d S trathcona
and M o u n t r o y a l , G.O.M.G.

A. F. G a u l t , E sq ,
E . B. G r e e n s h ie l d s , E sq .,
S ir W il l ia m C. M a c d o n a ld ,

At a meeting of the new Board on Tuesday, the 3rd inst., The Right
Hon. Lord Strathcona and Mount Royal, G. C. M. G.,was re-elected
President, aud Hon. Geo. A. Drummond, Vice-President.

Spencer

Trask

& Co.,
;

BANKERS,

2T & 29 P I N E S T R E E T ,

-

NEW Y O R E

T ra n sa c t a general banking business; a c t as Fiscal
A gents for co rp o ratio n s, and n e g o tia te security
issues of railroads and o th e r co m p an ies. E xecute
com m ission o rd ers and deal in

IN V E S T M E N T
Members N, Y. Stock Exchange.

M

S E C U R IT IE S Branoh Office, 85 State St., Albany

o f f a t
& W h i t e
Members New York Stock Exchange,

,

1 NASSAU STREET, CORNER WALL.

Dealers in Investment Securities.
TeL 5820-6821 Cortlandt.

Telephone Stocks a Specialty.

Tracy & Co., Bankers,
OH1CAGO.

No. 40 W all S treet, NEW YORK.
Connected by private wire.
MILWAUKBS.

Dealers in High Grade Bmuli.

List of Current Investment Oferinos tent or* Application.
Member* I New York Stock Hxchange,
(Chicago StookjExctmuge

Paium l.tlau Order*
Executed lu all M arket.

THE

J une 14, 1902.]

CHRONICLE

4 81%; docum entary comm ercial, sixty days, 4 84@4 85%
grain for paym ent, 4 85@4 85%; cotton for paym ent, 484;
(«4 841 cott on for acceptance, 4 84%@4 84%.
Posted rates of loading bankers follow:

JJa u lim * (B a ltic .
O IV IB K N D S .
N am e

oj C om pany.

Per
C e n t.

June
W hen
P ayable

H o o k e C lo s e d .
( P a y s J n o lu s iv e . )

KnllrontlH (MtciunK
Alabama Great Southern, j»rof. A ........ 4,f J ’110 10 Holders ot reo. J ’no 5
Allegheny <k Western, guar................. 3 J ’ly 1 Holders of rue. J ’no 23
J ’no 20
’ne 2 to
Ashland Coal < Iron By. (quar.)......... l ’a .(’no 20 .T
&
.) ’lie 20
to
’no 20 J ’ne 2
do
do
do
(extra)......... 3 .T
T
O .T 30
’ne
Baltimore < Ann. Short Line.............. 8 b J ’ly 1 ■rue 20
fc
Not closed.
Bolt By., Chicago (quar.)...................... 2 J ’ly 1
J ’no 30
to
Chic. Great Western, pref. A............... 2 b J ’ly 31 J ’ne 2!)
to
J ’ly 6
Cidcago Kook Island A Paclllo (quar.) l b Auk 1 J ’110 21
20
Chic. St. Paul Minn. < Ora, oom........ 3
fe
20
do
do
do
do pro!....... 3Vi
Not closed.
’ly 1
Chicago < West Indiana (quar.)......... i b .T
fc
J ’ly 15
to
Denver & Rio Grande, prel.................. 2 b J ’ly 15 J ’ly 2
to
J ’ly 14
Georgia RR. < Banking (quar.)........... 2:,.i J ’ly 15 J ’ly 2
&
to
.1’no 24
1 J ’ne 14
1 J ’ly
Manhattan (quar.).................................
.J’ly 15
Minneapolis & St. Louis, com.............. 2 b J ’ly 15 J ’ly 1 to
to
J ’ly 15
do
do
prof............. 2 b .J’ly 15 J ’ly l
New York < Ilariem, com. and pref... 5 J ’ly 1 Holders of rec. J ’n el4
fc
Northern Central.................................. 4 J ’ly 15 Holders of rec. J ’ne 30
Street Railways.
to
J ’ne 30
City Ry., Dayton, O.. com. and pf. (qu.) l b J ’ly 1 J ’ne 21
to
J ’ne 80
Hest. Mantua & Fairm., Pliila., oom... 2 J ’ly 1 .1 ’no 21
J ’ne 30
to
do
do
do
do pref... 3 J ’ly 1 J ’no 21
Menominee (Mich.) Klee. L. Ry. & P.. 2 ^ j ’ne 5
1 Holders of rec. J ’ne 17
New London (Conn.) St. Ry...........—
2 b J ’ly
J ’ly 1
Toledo Bowling Green < Southern Tr.
&
Toronto (Canada) By. (quar.)............... 1 14 J ’ly
Banks.
to
J ’ne 30
Central National................................... 4 J ’ly 1 J ’no 22
to
J ’ly l
New Amsterdam National (quar.)....... 8 J ’ly 1 J ’ne 15
T ru st Companies.
J ’ne 21
to
J ’ly l
Central Realty Bond < T ru s t.............. 6 J ’ly 1
&
to
J ’ne 30
Colonial.................................................... 5 J ’ly 1 J ’ne 21
to
J ’ly i
Knickerbocker...................................... 3b J ’ly 1 J ’ne 21
10
N. Y. Life Insurance ifc T rust.............. 20
M iscellaneous.
Amer. Iron & 8teel Asso., pref. (quar.) l b J ’ly 1 Holders of reo. J ’ne 24
to
J ’ly 1
Celluloid Co. (quar.).............................. l b J ’ly 1 J ’ne 15
to
J ’ne 21
Cincinnati Gas & Electric (quar.)........ 1 J ’ly 1 J ’ne 17
to
Aug 1
Aug 1 J ’ly 17
Consol. Car Heating (quar.)................. l b
Aug 1
to
do
do
(extra)................. l b Aug 1 J’ly 17
to
J ’ne 28
Crucible Steel, pref. (quar.).................. l b J ’ne 28 J ’ne 17
to
J ’ly 15
Exploration Company........................... $5 J ’ly 15 J ’ly 1
General Electric, com. (quar.).............. 2 J ’ly 15 Holders of rec. J ’ne 25*
Hall Signal, com. (quar.)...................... l b J ’ly 1 Holders of reo. J ’ne 23
to
J ’ly 1
International Steam Pump, com. (qu.) 1 J ’ly 1 J ’ne 21
do
do
do pref. (qu.) l b Aug 1 Holders of rec. Aug 1
to
J ’ne 30
Mergenthaler Linotype (quar.)............ 2b T’ne 30 J ’ne 15
J ’ly 2
National Sugar Refg., pref. (quar.)__ l b J ’ly 2 J ’ne 19 to
to
J ’ly 15
15 J ’ne 26
Otis Elevator, pref. (quar.)................... l b J ’ly
J ’ne 20
P. Lorillard, pref. (quar.)...................... 2 J ’ly 1 J ’ne 22 to
Railway Equip. Corporation (mthly)..
Boyal Baking Powder, pref. (quar.)... l b J ’ne 30 Holders of rec. J ’n e l7 t
to
Sloss-Sheffield Steel & Iron, pf. (qu.).. l b J ’ly 1 J ’ne 21
j ’ly i
to • J ’ly l
Sweetser. Pembrook & Co., pref.......... 3 J ’ly 1 J ’ne 21
to
J ’ly l
Swift & Co. (quar.)................................ lb J ’ly 1 J ’ne 15
j ’ne 30
to
Torrington Company, pref.................... 3b J ’ly 1 J ’ne 17
to
Union Bag & Paper, pref. (quar.)........ 1% J ’ly 1 J ’ne 15
J ’ly l
to
J ’ly l
Union Ferry (quar.)...............................
J ’ly 1 J ’ne 21
to
10 J ’ly l
Union Switch & Signal, com. (quar.).. 1 J ’ly
J ’ly io
to
J ’ly 10
do
do pref. (quar.).. 2 J ’ly 10 J ’ly l
United F ruit (quar.)............................. l b J ’ly 14 Holders of rec. J ’ne 30
United Gas Improvement (quar.)........ 2 J ’ly 15 Holders of rec. J ’ne 30
to
J ’ne 29
United Shoe Machinery, com. (auar.).. 2 J ’ly 15 J ’ne 22
to
J ’ne 29
do
do
do
pref. (quar.).. l b J ’ly 15 J ’na 22
to
J ’ne 30
Western Union Telegraph (quar.)...... l b J ’ly 15 J ’ne 21
J ’ly 10
Westinghouse Air Brake (quar.).........
do
do
(extra).........
J ’ly 10
to
Westinghouse Elec. & Mfg,, pf. (qu.).. 13 J ’ly 1 J ’ne 15
J ’ly 1
4
* Correction; transfer books not closed, t Less tax. t Books not closed.
W A LL STR EET, F R ID A Y , JUNE 13, 1 9 0 2 . - 3 P. M.

D iffere n ces
fro m
p re v io u s w eek

%

$

83,872,700
105.007.900
884.266.900
31,466,400
945,896,500
172,216,600
75,644,100
247,759,700
236,474,125

Deo 1,325,700
Ino
221,100
Deo 2,429,900
Dec
321,000
Dec
929,900
Deo 1,250,900
Deo 607,475

1901
June 8

$
74,099,300
95,435,900
887,599,100
80,933,400
972,118,800
179.029.700
77,341,600
256,371,200
243.029.700

643,425
11,285,575 Dec
18,341,600
Surplus reserve
Wotk.—Returns ol separate banks appear on page 1134.

4 86 b ®4 80
4 88
'£>4 88 b
4 84 b ®4 8 4 b
4 84
® 4 84 b
6 18b * -06 18b 6 10b* -®6 10bI
891
40
40 b 'VS 40*)a
04 b 'd 94lr'i« »6b ® 96b«

The following were the rates of domestic exchange on
New York a t the under-m entioned cities to-day: Savannah,
buying 75c. discount, selling 75c. prem ium ; Charleston,
buying par, selling % prem ium ; New Orleans, bank, $1 00
premium; commercial, 25@50c.; Chicago, 25c. prem ium ; St.
Louis, par ; San Francisco, 15c. per $100 premium.
U n ite d S tates B o n d s . —Sales of G overnm ent bonds a t the
Board are lim ited to $3,000 3s, coup., a t 107%; $5,000 4s,
coup., 1907, a t 111, and $10,000 4s, reg., 1925, a t 130. The
following are the daily closing q u o tatio n s; f o r y e a r l y r a n g e
se e

third p a g e

f o llo w in g .
Interest June
P eriods
7

2s, 1 9 3 0 ............. reg istered
2s, 1 9 3 0 ............. . _ .coupon
2s, 1930 .smaJL.registered
2s, 1930 ,sm all ___coupon
Ss, 1 9 1 8 ............. reg ister ed
3s, 1 9 1 8 ............. . . . coupon
8s, 1918, sm all.regletered
3s, 1918, sm all ___coupon
4s, 1 9 0 7 ............ reg ister ed
4s, 1 9 0 7 ........... . . . ooupon
4s, 1 9 2 5 . . . . . . . reg ister ed
4s, 1 9 2 5 .........
5s, 1 9 0 4 ............. reg ister ed
5 8 .1 9 0 4 ........... . . . coupon

NEW YORK CITY CLEARING-HOUSE BANKS.
1902
June 7

D em and

M a ty D ays

13

Prime bunkers’ sterling bill# on London.
Documentary commercial.........................
Paris bankers’ (FranoB)............................
Amsterdam (guilders) bankers...... ..........
Frankfort or Bremen (rololiiii’ks) bankers

The Money M arket and F in a n cia l S itu a tio n .—The se­
curity m arkets have continued inactive and for the most
p art featureless under conditions practically the same as
were noted last week.
The labor situation in the anthracite coal regions rem ains
unchanged in general feature and it still appears likely
th a t when the strike is ended the m iners will have retu rn ed
to work or their places have been filled by others. In the
m eantim e there is ample evidence of general business a c tiv ­
ity, and this promises to be augm ented by abundant harvests.
The money m arket continues easy and the dem and for for­
eign exchange is limited.
The open m arket rates for call loans on the Stock Exchange
during the week on Mock and bond collaterals have ranged
from 2% to 3% per cent. To-day’s rates on call 2% to 3 per
cent. Prim e commercial paper quoted a t 4% @ 5 per cent.
The Bank of England weekly statem ent on Thursday
showed an increase in bullion of £760,964, and the percent­
age of reserve to liabilities was 52’00, against 50’08 last
week; the discount rate rem ains unchanged a t 3 per cent.
The Bank of France shows a decrease of 4,650,000 francs
in gold and 325,000 francs in silver.

Capital.................
S u rp lu s................
Loans & discounts
Circulation...........
Net deposits........
Specie...................
Legal tenders......
Reserre held-----36 p. c. of deposits

1237

1900
June 9
$

72,222,700
88,430,400
806.751.600
22,878,800
893,745,400
169,651,100
72,269,500
241.810.600
223,436,350
18,374,260

Foreign Kxchnnge.—The foreign exchange m arket lias
been dull on a lim ited demand for bills. Tone steady during
early part of the week and slightly firmer tow ard the close.
To-day’s actu al rates of exchange were as follows: B ankers’
- ixt.y days’ sterling, 4 84%@4 85; demand, 4 87%@4 87%;
cables, 4 87%f®4 88; prime commercial, sixty days, 4 84%@

Q —Jan
Q —Jan
. . . . . - ..
. . . . . - ..
Q —F eb
Q —F eb
Q —F eb
Q —F eb
Q —Jan
Q —Jan
Q —F eb
Q —F eb
Q —F eb
Q —F eb

*108b
*108b
......
......
*107 b
*107b
_____
*107b
*109b
*110b
*136
*136
*105b
*105b

June
9

June
JO

*108
*108b
......
__ __
*107b
*107b
......
*107b
*109b
*110b
*136
*136
*105
*105

*108
*108b
___ _
......
*107 b
107 b

*This is the price hid at the morning board;

June
11

June
12

*108 1*108
*108b *108b
____ ; . . . . . .
____ ____
* 1 0 7 b *1 0 7 b
*107b 1 0 7 b
____
_____
*107 b * 1 0 7 b * 1 0 7 b
*109 b * 1 0 9 b * 1 0 9 b
*110 b * 1 1 0 b * 1 1 0 b
*136
136 |* 1 3 5 34
*136
*136
*135b
*105
*105
*105
*105
*105 *105
no sa le was made.

June
13
* 1 07b
*108 b
*107b
*107b
*107b
*109*8
111
*135b
*135Vj
*105
*106

S tate and R ailroad Bonds.—Sales of State bonds a t the
Board are lim ited to $1,000 V irginia fund. debt2-3s a t 96%.
The m arket for railw ay bonds has been generally steady on
a volume of business averaging about $1,750,000, par value,
per day.
R ailroad and M iscellaneous Stocks.—The stock m arket
has continued exceptionally dull, b u t the tone has improved
day by day, and there has been a slight adva nee in m any
cases. The transactions on Monday were less th an 174,000
shares, establishing a new low record, and for the week
averaged o n ly 275,000 shares per day. The grangers have
been strong on cu rren t traffic reports and crop prospects.
The anthracite coal stocks have been dull and firm on hopes
of an early term ination of the m iners’ strike. The South­
western issues have been prom inent. Chicago & Eastern
Illinois made a sensational advance of nearly 15 points on
a demand which brought out only a few shares. N. Y. Cen­
tral, Del.& Hudson; Reading, Hocking Valley, Illinois C entral
and M anhattan El. show net gains of' from 1 to 3 points.
W ith the exception of International Power, which ad­
vanced 30 points, the m iscellaneous list has been generally
steady and featureless.
For daily volume o f business see page 1246.

The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
J u n e 7. J im e 9. J u n e 10. J u n e lb Ju n e 12. Jvm e 13. Sales
Butterick Co. 43 44b 46b 1914 49 50 5016 50kS
5056 50« 2,243
Can. Pac. Sub.
130 130 130 130a 129 12916 128b 129)4 129 129
1,300
DesM.&Ft.D
150 150
100
53 5;j
^65
N.Y. Dock, pf.
20 2 ’
100
2,811
Twin City ri’ts m ib iar m
m
2 lb lb
400
3U 40
-I4
U. S. Reduct’n
3914 39M
64 C4
200
66b 65b

O u tsid e M a rk e t. —Owing to the unusual activity in the
copper stocks, the general aspect of the outside m arket has
improved somewTiat. A part, however, from the copper
shares, few sales of special im portance have been recorded,
though prices reveal more or less substantial advances
throughout the list. Tennessee Copper was dealt in to the
greatest extent, and, though dropping to 12 on Tuesday,
thereafter rose to 17%, reacting to 16 to-day. Greene Con­
solidated was in good demand a t 27%@28%; M ontreal &
Boston ranged between 2 and 2%, and U nited Copper reached
35% on small sales, against 34% last week, while Union ad­
vanced to 4%. San Francisco subscriptions have been a
prom inent feature, closing a t 102%, against 103 last Friday.
The preferred stock rose to 64%, reacting to 63%, the closing
figure. U nited States Steel new 5s sold a t 94%@94%, and
there was considerable inquiry early in the week" for U nited
Railways of St. Louis 4s, w hich held stable a t 87%. N orth ­
ern Securities closes a t 102%, 1 point above the previous
weeks’s final price; on one occasion it sold a t 103. Bay State
Gas changed hands extensively a t 1% to 1%. On Thursday
Borden’s Condensed Miik preferred advanced to 107%
(which is claimed to be a record price) on a m inor transac­
tion. Standard Oil ranged betw een 621 and 625%, and
Am erican Chicle rem ained dull a t 102%@102, against 101%
last week. The prospect of a settlem ent of some of the
loans of the Webb-Meyer Syndicate has advanced Dominion
Securities 3% points, to 14, the sales, however, being of no
reat volume. Two new introductions to the curb were
! mden & Trenton Ry. stock a t 4%@4%, and Toledo Rys.
a
& Light Co. a t 28%. For outside quotations see page 1246.

g

Now

York

Sto ck

Exchange

-S to c k

O C C U PY IN G

S T 0 C K 8 —H IG H KB T A N H L O W EH T S A L E H K IC K S
S a tu r d a y
J u i id 7

A1 wnday
J line 9

Tuesday
Ju n e 10

— 2^
__
Ju n e 11

ij/_. j

\

40% * 3 9
41
•7 i
74
74
81%
81% 81%
99%
99% 99%
10 5 % 1 0 6 100%
95 % *94
95%
07% 07%
07%
1*21 % - 1 1 5 121%
* 139
130
134% 135%
95 % • 9 4
95%
1 90
180 1 9 0
40% 40%
46%
37 Si
37% 37%
76 % 76%
76%
103
‘ 159 163
145
1138 % 145
*28%
28% *29
9 4 % 9 5 % *94% 95
8 J % 89% 89%
*89
48% 48%
43% 48%
74% 75%
74% 74%
86
80
86% 80%
169% 170% 170 %172
189 189
190 190
*250 *252% £249*8 249%
200
*200
*262 264% $25 7 -257
171% 17*2% 171% 172%
• i 7 1 172
171 1 7 2
-100
170
*165 1 7 0
* 10 L 170
102 102
**200 2 1 0
*200 210
*20 0 ‘ 0 8
2
*20 0 221
‘ 0% 21
2
2 0 % *21
•20*4 *21
21
21S
37% 38% *38
38%
37*4 37% * 3 7 Si 3 8 l4
18% 18%
18 Si 18 % 183a 18%
18 S 18%

T h u rsd a y
Ju n e 12

L tid a u
Ju n e 13

•39
40% • 8 8
40
-72
75
7 3 Si 74
80% 81%
81
h l%
99% 99%
99% 99%
1 0 5 % 100% 105% 106%
95% 95% *94
95%
07% 07%
00% 67%
- 1 1 5 121% $ 1 2 0 120
..........
4139 .......... ' 1 3 9
134% 135% 135% 135%
-94% 95% *94% 95%
-184
189
188 188
4 0 % 4 6 % 40% 47%
37
37%
37% 37%
70
7 6 % 70% 70%
1 5 9 Si 170
171 174
$ 143 113%
28% 29%
29% 29%
4 94 % 94% -94% 95
*89% 89% $90
90
*48
48% - 48
48%
74% 71%
75
75%
$85% 8 5 % - 8 6
87
170% 171% 170% 172%
1 9 0 190
189% 191%
2 4 9 %249% 250% 253%
200% ■ 6 7
’
171 % 172% 171 172%
*16 8 170
- 1 0 8 170
190 190
*200 208
21
21%
21% 21%
38% 38%
38% 39%
18 % 18%
18% 18%
53% 53%
105 105
*104% 105%

R e co rd *
TW O

D a ily , W e e k ly

and

Y e a rly

PAGEK

STOCKS
N E W Y O R K STOCK
EXCHANGE

Eange lor P revious
Sales of Eange fo r Year 1902
On basis 0/ 100-share lots
Y e a r (1901)
the
Wee k
Shares
Lowest
Lowest
H ighest
H ighest

R a ilro a d s.
4 n n A r b o r ...........................
Y \ Ho p r e f ..................... . . .
A teh. T o p e k a A S a n t a Fe.
I)o p y e f ...........................
I Baltim ore A O h i o ............
Do p r e f ..................
B rooklyn R apid T r a n s i t ..
Bull a h> Koch. A P it ta b ’g .
D o pref
/ Canadian P a c i f i c ..............
V>anaita S o u t h e r n .
C en tral of N e w J e r s e y . . .
C h e sa p e a k e A O h io ............
C h icago A A l t o n ..................
D o p r e f . . . .....................
C h icago A E a s t ’n I llin o is

.......... 33 F e b 20 48% May 16
2 0 0 63 J an 9 77 %A ay 15
1
7 7 ,5 1 0 74% J a n 27 84% A p r 18
1*2.145 95% J a n *27 103% J a n 6
4 ,3 0 0 1 0 1 J a n 14 110 A p r 18
100 93% F e b 21 97 J a n 2
1 1 ,3 5 0 60% F e b 14 72% A p r 28
20 110 A p r 4 120 M ay28
139 A p r 2 144 F e b 19
47,1 7 5 112% J a n 28 141% M ay20
.......... 85% J a n 0 97 May 2 2
100 187 Mayl*2 198 J a n 6
2 ,8 0 0 45 F e b 20 49 A p r 25
3 ,6 0 0 33% J a n 22 39% A p r 19
1,410 75 Mar 1 77% A p r 19
3 ,2 0 0 134% Jail 21 174 A p r 14
100 137% Jail 11 144 A p r 1
C h icago G r ea t W e s t e r n . 1 3 ,1 6 0 22% J a n 25 32% May 7
1 ,9 4 5 90% May 5 95% J ’nelO
Do 4 p. c. d e b e n t u r e s
225 83% J a n 22 90 A p r 17
D o 5 p. C. pref. “ A ” . .
500 43% J a n 24 50% M ay 7
Do 4 p. c. pref. " B " . .
1 ,0 1 0 49 Si J a n 14 80 M ay 7
Chic. In d ia n a p . A L ou iav.
3 1 0 75 J a n 10 9 0 M ay 15
D o p r e f ...........................
C h icago M il w. A St. P aul. 1 2 7 ,3 0 0 100% J a n 27 175 M ay 1
1,740 186 J a n 14 190% A i)r 4
D o p r e f ...........................
6 , 7 10 *204% J a n M *271 A p r 29
C hicago A N o r t h W e s te r n
1,200 2 3 0 Jail 18 2 7 4 A n r 2 9
4 ,4 8 8 152 J a n 15 181% M ar22
Chic. R ock I s l ’d A Pacific
2 0 0 140 F e b 0 170% A p r 30
Chic. St. P. M in n . A Oni.
•••••• 190 J ’lie 1*2 ‘ 10 A p r 16
2
D o p r e f ...........................
4 ,3 0 0 15% F e b 21 23% A p r 21
C hicago T e r m ’l T r a n s fe r .
2 ,8 0 0 30% F e b 20 42 A p r 21
D o p r e f ...........................
3 ,0 5 0 10% J a n 8 23 A p r 29
Chicago "Union T r a c t io n .
2 0 0 14% M ar 15 GO A p r 28
Do pref
8 0 0 95% J a n 14 107% A p r 24
'1 0 3
104
1 0 4 S 104% *104 105
103 1 0 4
C leve. Ciu. Chic. A St. L.
D o pref
118 J a n *21 123% F e b 0
31% 31%
31% 31%
3 ,3 0 0 14% J a n 15 33 A p r 19
*30
31
30% 31
31% 3f% Colorado A So., v o t. tru st
30% 3 0 S
70% 70%
70% 70%
70% 70%
71
71
1,U00 60% J a n 15 75% A p r 21
* 0 9 Si 7 0 Si *69% 7 0 S
Do 1 st pf. vot. tr. of8.
4*2
4*2% 4*2
43
43
43%
3 ,6 0 0 28 J a n 14 47 A p r 21
43% 43%
*41 Si 42
D o 2d pf. v o t. tr. ctfs.
42S 42S
175 175
173% 173% 1 7 4 % 1 7 5
175 170
2 ,U0U 170 M a r l 1 184% J a n 7
* 172 Si 174
173 173
[ D e la w a r e A H u d s o n ___
. . . . . . 2 5 3 J a n 15 2 9 7 F e b 4
- 2 7 5 *285 *275 2 8 5
*275 2 8 5
*275 285
*200 285
’ 267 285
i-J e la w . Lack. A W estT i.
4*2 % 4*2
42%
42% 42%
42% 42% D e n v e r A R io G r a n d e ___
9 0 0 41 A p r 7 47 A p r 17
42 1 *40
41*4 41*4 *41
90% 91%
91% 91%
91% 92
90% 90%
3 ,0 0 0 88% M ay 19 94% F e b 13
9 0 S 90%
D o p r e f ...........................
90«* 90%
48
49% D es M o in e s A Ft. D od ge .
1 ,4 0 0 39 F e b 1 50 A p r 15
*45
4 8 Si *45% 4 8 S *45 S 43% *45% 48% * .......... 48%
*21
21%
21
21%
* 2 0 l4 2*2
21
3 ,0 0 0 13 F e b 3 22% May 2
21
21% Detroit S o u t h .v o t. tr. c tfs
20% 21
41% 41%
41% 41%
41
41
1.425 33 F e b 24 44% M ay 7
* 4 0 Si 42
D o pref. v o t . tr. ctfs.
4 IS 41S
41% 41%
79
79%
79
79%
78*, 78%
3,0*20 75 J ’n e 2 80% J ’n e 4
78% 7 8 34 $79% 79%
79
79% D etro it U n i t e d ......................
17% 17% $ 1 8
18
5 5 0 1 0 J a n 15 18% A p r 9
17% 17%
"17% 18
D u lu th So. S h o r e A A t l . .
17 Si 17 Si
17 S 1 7 S
*30% 31% *30% 31%
31% 31% *30% 31%
3 0 0 18% J a n 14 35% A p r 9
*30
31 Si
3L
31
D o p r e f ............................
36% 37%
37
37%
37
37%
36% 30*4
36% 36%
36% 37% lT’n e .......................................... 16,8*25 35% May 19 4 4 % J a n 2
68% 68%
68% 68%
0 7 % 67%
68% 08%
63% 68%
4 ,2 0 0 05% M ay 19 75% J a n 2
D o 1 s t p r e f ....................
68
68
*52% 53
52% 52%
*51
53
52% 52%
2 0 0 51 May 17 63% J a n 2
D o 2d p r e f ....................
* 5 1 S 5 2 S •51% 53
53
53
52% 52%
53
53
7 0 0 50 M ar26 74% M ar 7
*53
54
*51 Si 53
E van av. A T e r r e H a u t e . .
* 5 1 S 53
*81
84
*81
84
*81
85
*81
84
*81
85
8*2 May 29 104% F e b 27
*81
84
D o p r e f . ..
*45
48
*45
*45
48
48
47% 47% Ft. W o r t h A D e n . C .,stm p .
100 30 J a n 2 52% May 9
1 8 5 1 8 5 34 185% 186% 185% 185% G reat N o r t h e r n , p r e f . . / . .
1,661 181% M ar 5 191 J a n 6
*13 3 186 * 1 8 3 ISO $182 182
70 J an 11 9 0 May 2 2
Green B a y A W - deb. otl. A
20
20%
21
21%
20% 20%
274
21
21
21
2i
Do
deb. cti. B
9 J a n 8 25 A p r 9
21
21S
85% -84% 85%
82*8 83
84% 85 % 8 5
4,1*25 06 J a n 15 88 M av29
85
85% T T o c k i n g V a l l e y ................
8 2 34 84 S
*91% 92% *91% 92%
4 3 5 81% Jail 14 93 J ’n e 2
91% 92
92
92% 1 JLDo p r e f ...........................
*91 Si 9 2 Si 49 1 S 92 S
151 151% 151% 15*2% 151% 152% 151% 152% I llin o is C e u t r a l..................
5 ,6 9 1 137 J a n 14 155% M ay J
150% 150% 151 151
45% 46%
46% 46%
3 , 2 0 0 37% J a n 15 51 % M arlO
*45% 45%
46% 48% I o w a C e n t r a l........................
4 5 S 4 5 S *45% 45%
84% 84% * 8 4
7 0 0 71 J a n 14 90% A p r 28
*82
83
84
84
85
85
85%
D o p r e f ...........................
S3
83
* 40 S3 43
150 33% J a n 25 43 May 2 9
*40
43
"40% 42% I Z a n a w h a A M i c h i g a n . .
4*2% 4 2 34 *40% 42% *40% 43
83
83% 83%
83
83
83%
1,435 80% J a n 2 85% F e b 24
83% 83% l V c . F t . S . A M . , t r . c ts. ptd
*82 Si 83 St
8 2 7s 83
33
33%
32% 32%
33% 34%
*31 Si 33
34% 34% K a n s a s C ity So. vot. t r . .. 1 1 ,6 0 0 19 .Tail 15 35 % M ay22
3 1 S 32%
*00
61
61%
61
61%
4 ,7 0 0 44 J a n 14 62% A p r 21
61% 62%
61
61% 6*2
D o pref. vot. tr. c t f s .
60S 60S
35% *32
35% *32
35% *32
35% K e ok u k A D e s M o i n e s . . .
13 J a n 15 40% A p r 29
*32
35 Si *3*2
35 S *32
70
*65
70
*65
70
*G5
70
*65
45 J a n 2 84 A p r 22
*65
70
D o p r e f ............................
*65
70
*64
00
66
*65
66% *64% 66% r a k e E*rie A W e s t e r n . . .
1 0 0 64 J a n 15 71% J a il 3
*64
66
65% 65% - 6 5
* 1 2 5 131
*125 132
* 125 1 3 2
*12 5 1 3 2
E D o p r e f ............................
125 J a n 15 1 3 8 F e b 6
*125 1 3 3
*12 5 1 3 2
3 2 5 A p r 7 340 A p r 2 5
L. S liore A M ich . S o u t h ’ 11
89
L o n g I s l a n d ............................
89
89
*87% 88% * 8 6
6 5 0 78% J a n 15 91% M ay 2
*86
89
89
88
S S 76 89
1 3 7 137 % 137 1 3 7 34 137 137% 137% 138% 137% 138% L37% 138% L o u is v ille A N a s h v i l l e . . . 1 7 ,3 0 0 102% J a n 27 1 4 6 M ay 7
1 3 0 % 130% 1 3 0 S 1 3 1 S 131 131% 131% 132% 1 3 2 132% a; 130% 131% Y f a n h a t t a n E l e v a t e d . . . 1 6 ,5 0 0 128 M a r l 2 140% J a n 29
1 14.1* 1 1 5
iV le tr o p . Secnr.j su b . rec
1 ,2 2 5 109% M ay 19 118% A p r 29
115 115
1 1 5 115
*11 8 116
*11 4 115
*112 S 115
149% 150% $150% 150% 1 5 0 150% 150% 150% M e tro p o lita n S t r e e t ..........
3 ,9 3 0 1 4 6 M ay 12 174 F e b 5
1 4 8 Si 148% 14S% 149
3 8 F e b 7 43 J a n 6
" 3 7 Si 3 9 Si *37% 3 9 S *37% 39% -37% 39% *37% 39% *37% 39% Met. W e s t S id e El. (Chic.)
90
90
*89% 95
D o p r e f ...........................
1 0 0 89 M ar 3 91% M ar 22
*89% 94
*89% 95
*90
92
*89 Si 95
26% 26%
27
27%
M e x ic a n C e n tr a l.................. 2 9 ,4 5 0 25% J a n 15 31 %M ar31
* 2 6 Si 26%
2 6 34 2 6 34 *26% 26%
26% 28
M ic h ig a n C e n tr a l................
$ 1 5 0 M ar 7 192 A p r 29
174
* i’ 9 % iii
o
111
2 , 2 0 0 105 J a n 27 115 A p r l 9
’110
111
111
1 1 1 % 111% 113% M in n e a p o lis A St. L o u is .
i. 1 6 % 1 1 6 % T i d
1 0 0 113% J a n 22 127% A p r 2 8
D o 13r e f ...........................
1*26 1 2 6
*124 1 2 7
*12 4 1 2 6
"124 1 2 6
4 0 0 36% J a n 2 64 A p r 5
57
57
58
58% 58% *57% 5 8
M inn. S.~P. A S. S. Marie.
*57
-58
59
*57% 58
9 0 J a n 14 1 2 6 %M av26
*120 1 2 4
*121 1*23 *121 123
D o p r e f ...........................
*12 2 123 * 1 2 2 128
*12 1 123
26% 26%
26% 26%
26% 26%
26% 26% Mo. K a n s a s A T e x a s ........ 1 1 ,1 1 0 2 4 M ar 5 27% A p r 18
2 6 3s 26%
26 S 2 6 S
D o p r e f ........................... 1 2 ,7 5 0 51 J a n 13 58% A p r 29
5 6 1 5 6 Si
4
57% 58%
57% 58%
5 6 1 5 6 % 56% 57
4
58
58%
9 9 S 100
1 0 0 1003s 100% 102% 102% 103% 10*2% 104% M isso u r i P a c i f i c .................. 1 3 8 ,1 5 0 96% M a r l l 107 J a n 2
99% 9934
4 0 0 8 0 J a n 24 122 A p r 22
104 106
105 % 1 0 5 % 107% 107% VT ash. Cliatt. A St. L o u is
2 ,2 0 0 c l 4 % J a n 15 20% M arlO
at. of M e x ., vot. tr. c t f s
18% 18% * 1 8
18% 18%
19
19%
18% 18%
18% 18%
19
**4Q3, am..
an
D o p ref. v o t. t r ctfs
1 ,9 0 0 39% J ' n e l 2 4 5% Mnr \ 8
40
40
3 9 5a ‘ 9 5
6 a J.()3o 4.050
3 9 34 40
4 ,7 6 5 1 5 3 % M a y l 9 168% J a n 2
1 5 4 1 5 4 Si 1 5 4 S 1 5 4 S 154% 155% 155% 155% 155% 155% 155% 155% N . Y . C en tr a l A H u d s o n ..
7 0 0 46% J a n 15 54% A p r 17
53
•52
53
*51
5 2 Si
5*2% 52% * 5 2
53
53% N . Y. Chic. A St. L o u i s . . .
52
52
+115 1 2 0
D o 1 s t p r e f ................
117% May21 124% J a n 27
*115 1 2 0
*11 5 120
*115 1 2 0
*115 120
■'115 1 2 0
D o 2d p r e f ....................
91% *91
91% * 9 1
1 ,5 0 0 84 ~ F e b 4 9*2 %M ay21
91% *91
-88
9 0 S *88
90
92
92
N. Y. N . H a v e n A H a r tf .
121 209*2 J a n 30 2 5 5 Api*28
*231 237
*231 2 3 5
*231 2 3 4
$235 235
232 232
*231 2 3 4
6 ,2 0 0 32 M a r l l 36% J a n 2
*32 % 3 ‘ 34
2
33
33
32% 32%
32% 33% N . Y. Ontario A W e s te r n .
32% 3 2 S
3*2% 32%
N o r f o lk A W e s t e r n ............
6 ,7 3 5 55 J a n 14 59% A p r 25
55-4. 55%
56
56%
56% 56%
56% 56%
56% 57
55 % 55%
D o a d ju s tm e n t , p ref.
5 5 2 90 F e b 21 93 J a n 14
$89
S9
*90% 91% *91
92
$89
89
90% 90% *89% 91
O a c i t i c C oast Co................
68 A p r 30 75% M ar 8
*60
70
*65
70
*65
70
*65
70
IT D o 1 s t p r e f ....................
100% J a n 6 106 M ar 2 5
* 1 0 0 105
*100 105
- 1 0 1 105
* 1 0 0 105
’ 100 105
*7_i
8n
D o 2d p r e f ................
79 J a n 20 82% M ar 8
*75
80
*75
80
*74
SO
*75
80
*74
80
1 4 9 1 4 9 S 1 4 9 149% 14938 149% 149% 150% 149% 150% 149% 150% P e n n s y l v a n i a ........................ 2 3 ,4 4 7 147 J a n 14 154% M ay 2
P eoria A E a s t e r n ................
100 39 J a n 8 47% A p r 9
*39
43
*39
43
*39
42
39
"37
43
"39
43
39
71 F e b 15 83 J a n 14
P e r e M a r q u e t t e ....................
75
*71
75
*71
75
*71
73
*72
75
*71
D o p r e f ...........................
* .......... 90
*___
90
90
*.......... 90
+.......... 90
* .......... 90
SO M a v l 7 $85 M ar 2 5
1 5 0 8 0 ^ J a n 7 98% M ay 9
97
97
*96
97% *96% 97% P ittsb . Cin. Chic. A St, L.
*93
97
$97% 97%
113 M ar 2 5 1 2 8 May 14
D o p r e f ...........................
*116 125
*11 6 125
*11 6 125
95 % M av*21 96% M ae 15
*95 v 90Si
* 9 5 7a 96% *95 7a 96% -O S7* 96% * 9 5 7q 964 i p R. S e c u r itie s , “ A ” ctfs
5
63%
62*4 62 % 62% 63 S
63% 64%
63% 64%
63
63% 65 % HV ending, v o t ’g ’tr. c t f s . . 1 2 9 ,9 7 0 52% M arlO 68 %A p r 2 1
1 s t pref. vot. tr. c t f s .. .
4 ,1 0 0 79% MarlO 87 A p r *22
8 2 7a 82 % 83
84
S4
84
83% 84
83%
84
84% 84%
2d pref. v o t ’g tr. c t f s. 1 3 ,7 0 0 60 J a n 14 74% A p r 22
(5S V 6 3 ^
s
68% 68%
68% 68%
68% 68%
68% 09
68% 70
R utlan d , p r e f .......................
600 75 M ay 16 125 A p r 2 3 j
*S1
88
80
SI
85
*75
*75
80
79
79
79
79
2 ,3 0 0 12 J a n 14 24 M arlO
20
21
*19% 2 0 S *19% *20%
21
21%
21
21
20% 20% Q t . J o s e p h A G r’d Isla n d .
*68
70
7 ,4 0 0 62 F e b 6 74% F e b 25
* 6 S S 70
68% 71
71
72%
71% 72%
71% 7*2 ^ D o 1 st p r e f ....................
•38
4*2
4 38
42
•71
74
•71
74
79% 80%
79% 79%
9 8 1 98 Si
4
98% 9 8 s
105% 105 % L05 1U5%
*04
96
• •i
66^4 66%
O7
67 Si
•U 5
1*21% ' 1 1 5 122 Si
•139
.
*139 ..........
135% 138% 135 % 1 3 6 S
*04
95%
•94
96
• 1 8 4 199
' 1 8 4 190
4 6 % 46 ^0
40
40
36% 36%
37
37%
70S* 70S* * 7 0
7 0 34
• 1 0 9 195
*10 0 108
• 1 in 145
*14 0 147
27% 2 8
27% 27%
*94
95
94% 94%
•»8
89
* 8 8 % 80 Si
•4 7 % 48*4
48*4 48%
* 7 4 Si 75 Si *74% 75
*80
87
-80
87
1 9 8 1 0 8 1 107 \ 169%
4
• 1 8 8 190
$ 189 34 1S 934
250 250
2 5 0 251

*39
♦ 71
80%
09
105%
•94
67
* l la
1 39
1 34%
‘94
184
40%
37
1 b ’v
*160
* 140

BANKS

AND

TRUST

Banks

1Citizens*

B id

200

A sk

*215
335

Banks
Fourth
G a l l a t i n ........
G ansevoort!]
Garfield

34 N o v
60 l)eo
03
1 iii
108 May
11 1 % May
> J ’n e
1
88% A pr
122 N o v
146 N o v
117% May
89 N o v
196% D eo
52% May
50 %A p r
82 % A pr
140 N o v
1
Apr
27 N o v
94% Mar
90% J ’n e
56 Mar
62% D eo
77% Sep
188 May
2 0 0 May
215 May
248
Apr
175 %J ’n e
140% N o v
201 A p r
A pr
57 % A pr
20% May
60 May
101 N o v
124 N o v
18 A p r
60 D e c
28% A p r
185 %A p r
258 D ec
53% May
103% J ’n e
45 J ’n e
17 D e o
40% D e c
82 A u g
12% J ’n e
22% Sep
45% J ’n e
75 D e c
62% D e c
68 A p r
95 A p r
36 A p r
208 M ar
67% F e b
11% A p r
75 % D e c
88% D e c
154% J ’n e
43% J ’n e
87% J ’ly
41 J 'ne
81 % D e c
25 A p r
49 A p r
18% Oct
45% S ep
76% N o v
135% Sep
$35 5 N o v
90 D e c
111% J ’n e
145 D e c

150 May
27 J a n
79% Jan
12% J a n
107% Mar
67% J a n
1 0 1 % Jan
15 May
49 A p r
15 J a n
37 May
69 J a n
$70 J ’n e
c 3% J a n

177 J ’n e
41 N o v
93 Sep
3 0 May
180 N o v
111% J ’l y
124% O ct
36% N o v
94% N o v
35% A p r
68% A p r
124% J ’n e
$82% N o v
15% O ct

139% Jan
16 May
97 M ar
47 Mar
$*206% F e b
24 May
42 J a n
82 F e b
52 F e b
89 F e b
63 Jan
137 May
14% J a n
33% J a n
72 J a n
57 J a n
88 J a n

174% N o v
57% Sep
120 Sep
95 S ep
2 1 7 J ’ne
40% May
61% N o v
92% N o v
78 Dec
103% D e c
S3 N o v
161% A p r
50 Sep
94 N o v
8 6 J ’n e
81 D e c
113 D e c

24 % J a n 58 D e c
65 May 82% D eo
38 J a n 64% D e c
97 N o v 11*2% N o v
7 % J an 15% J ’n e
55 Oct 78% J ’n e

C O M P A N IE S — B R O K E R S ’ Q U O T A T IO N S

B id
Banks
J e f f e r s o n 4! . .. 175
235
B id A s k C ity ( n e w ) . . . 320
L eath er Mir. 255
440
425
5 3 0 550 1C olon ialli . . . 385
L ib e r t y ........ 650
140
12 7 6
L i n c o l n .......... 1 0 0 0
Columbia n
500
+ii,
700
C om m erce
M an h attan ! 3 3 0
350 1 3 5 5
350
M arket &Ful 250
Corn E x c h n . 4 4 0 4 6 0
G erm an Exj,
340
E a s t R i v e r . . 155
M e c h a n ic s ’ . 2 9 0
G erm an ian .. 0 0 0
155
*>io
Mecli & Trail 105
3<>i>
E m p ’e s t a t e ! 195
.......... M e r c a n t i l e .. 320
F id elityn . . . . *210
195 205
Ham ilton!)
170
150
F if th Ave*,,.. 4 0 0 0
M e rc h E x o h . 160
170
H a n o v e r ........ 0 5 0
675
F i f t h ............... 3 7 5 425 1 H id e tfc L ’ath 3 5 0
M e r c h a n t s ’.. 185
700
M e tr o p o lis \ 1050
335
F ir s t ( n e w ) . . 825
350
Im p A Trad. 6 4 0
Mt M orris!!.. 2*25
1 4300
14thsrreeti . 200
3 0 0 ! I r v i n g .......... 2 2 0
230
* B id a n d a s k e d b r i e e s ; n o g a le s w e r e m a t e oil tin s day. i Leas than 10 0 sn ares. ? Ex risen ts.
1 S a le a t S to c k E x c h a n g e or a t a u c t io n t h is w e e k . 6 T r u s t Co. c e r t if ic a te s .
'
c I n c lu d e s , p rior

Banks
NEW YORK
CITY
A m erican . ..
Am er E x c h ..
A s t o r ........ ...
B o w e r v l l ___
B roadw ay...
B u t c h ’s < Dr
&
C e n t r a l ..........
C e n t u r y n___
C h a s e ............
C h a t h a m ___
C h e m ica l. ..

20 Feb
50 Sep
42 % J ail
70 May
81 % J an
83% F e b
65% Oct
77 Mar
116 Mar
87 May
54 %J an
L45%Jan
29 May
27 Ma>
72% J a n
91 J a n
120 %J an
1G J a n
90 J ’ly
75 M ay
41 D e e
23 J a n
58% J a n
134 May
175 M ay
168% J a n
207 Mar
116% Jan
125 M ai
180 Mar
10% Jan
28% D e c
12 J an
5 8 M ay
73 May
115% Jan
6% J a n
40 J a n
16% Jan
105 May
188% Jan
29% J a n
80 Jan
18 J a n
14% D e c
36 D e c
75 Oct
4% F e b
13% Jan
24 % M ay
59% J a n
39% Jan
41 Jan
81 J a n
17 J a n
167% May
65 J a n
7 % J ail
40% May
69% J a n
124 May
21 J a n
48 Jan
21 Jan
77% D ec
13% J a n
35 J a n
5% Jan
24 Jan
39% J a n
108% J a n
$23 0 A p r
67 J a n
76 May
83 May

B id

A sk

A sk

Banks
1 B id
M u tu a l!)........ 12 9 0
270
N assau !; ___ 190
. . . . . . N e w A n iste r 630
N e w \ ork Co 1500
.......... X Y N a t E x . 2 6 0
*270 1N e w Y o r k . .. 345
3 0 0 ; 1 9 th W ard! j 150
.......... N o rth A m e r *
’50
O r i e n t a l ! ___ *210
i Pacific!, ____ 12 0 5
195 i P a r k ................| 640
P e o p le ’s!___ *250
1 P h e n i x .......... 1*20

A sk

Banks
Plaza* ............
___ P ro d E x e h l l .
7*25
R iverside!! ..
s e a b o a r d ___
S eco n d ..........
3 5 0 1Sov e nth, now
1S h o e v : L oth.
V
sta le* - ..........
*270
12th Ward* .
*23d Ward! .
6 6 0 ! U n io n So* ..
. . . . . . 1 Miited Nat l.
Vnnek *

B id
530
160
300
500
650
130
1*28
600

A sk
...

135
.....»

110

n o
340
130

UO

*200

4 S t a t e lauivs.
Ex d iv id e n d a m i r ig h ts.
Now s u n k
to May 17, d e a lin g s in old M ex N a t. t r u s t re ce ip ts

J

unk

14, 1902.]

S to c k

S T O C K S -- H IG H KB T A N D
S a tu r d a y
June 7

M onday
J u n e .9

T u esd a y
Ju n e 10

LO W E S T

SA LK

W ednesday
J u n e . 11

R e c o r d — C o n c lu d e d — P a g e
r u n 1X 8

T hursdn y
J u n e I'J

STOCKS
NEW YORK STOCK
10X 0 IIA NG E

F r id a y
Ju n e IS

L
32% *82% 32% M J oh. (1 rd 1sld, 2d prel
*29% 30 L 30
29% 3 l % 32
32 % •3>2
80
__ . . . . . . . . . . . . *35
St. Law. A Adirondack...
*35
*35 ........
68% 69
08% 08% 68% 68% 08% 69
*08% 69 st. Louis A San Fran.......
'08% 09
85
*83
1>o 1hI prel' ...............
85
84 %
84 % HI % §84% HI % 85
*84
85
;; ■
73% 73
73
72% 7'2"„ 72% 73
Do 2d prof.................
*72
72% 72% 73
73%
J
27% 27% *27% 28
27% * HV 2H% 28 H 28% 28% 28 % 28 V St. Louts Southwestern..
6 1% 6 1 % (12 1 01% 6 1 % 6 1% 62 %
h
59% 00
60
ho prof.......... ..........
60
00%
j
63% 04 % 64
6 1ll 6 4
64% 01% (1:1% 64% 64% 04% 65 H Southern Padlio Co........
36% 3 7', Soul horn voting 1r. cM .
’h
36% 86% :»!<% 30% 36 % 37% 37
87% 36% 37
96
Do prel'. vot. tr. ctl's.
95% 95
94% 91%
94 H 94 % 94% 94% 94% 94% 95
i
92% *90
92 % M. (). stock tr. ctl's ...
*90
93% *90
92 % *90
*90
92 H
i
i
41% 42 H
*40 ......... 40
40
4 0% 41
m i 42
l i % 42 'A'oxas A, Pacilie.............
13 1 * 130 13 L 1 lurd Avenue (N. Y .)..
*130 131 *130 131 * 130 131 *130 131 *130
21 % 2 1 *, Tot. St. L. A W. v. tr. ctl’
21
s
21% 21
*20% 21 % *21
*20% 21%
Do prel’. vot. tr. ctl’s.
38
37
37% 37% 37% + 37% 37% A 38
*36% 87% §37
37
#119i, i i *1 l < 120 '119 120 *119 v l 19%
)
1 19% Twin City iLipid Transit
120
Do prof.............
,
i
104% 104% 104 %10 1% 104% 105% i()5 105 % 104% 105 H 104% 105 H 1 [nion Pacific..................
87 % 87% 87% 87% 88% 87% 88 % *87% 88% U Do prof.......................
87 % 87 % 87
27% 27
27% \ I 7abash...........................
27% 27
26% 26% 26% 26% 26% 27% 27
Do prof......................
*42% 43% 43 % 43% 43% 44% 44% 44% 44% 46 % 44% 45',
>> *2 L 22 % 21% 22
22 H 22% 22% Wheeling & Lake E rie...
i
22
21% >*
*21
22
Do 1st prof.................
60 % 61
C1 % 61% 01% 61% 61 % 01 % 62
»
5 9 H 59% 60
a
*34% 95
34% 35 % 3 5 % 35%
34 % *34
35
Do 2d prof.................
*34
35
34
27% 27
37% 27% 2T% 27% 27% 27 % 27% Wisconsin Cent. v. tr. cl’s.
26% 2G78 27
Do pref. vot. tr. ctfs.
48
47% 48
50% 49% 49 % 49% 50
48 H 48% 40% 49
a
M iscellan eou s.
4 dams Express..............
*197 210 *197 210 -197 210 *197 210 *197 210 *197 210
7 V malgamated Copper...
68% 69% 68% 69% 68% 69
68% 68% 68% 68% 68% 69
6% 6% *6% 6% American B icy cle ............
6 % 6% *6% 6%
6% 6%
6% 6%
21V 21% J21
22
22% *21V 24
*21% 23%
Do pref.......................
*21
22
22
32 %American Car Foundry
31% 32
31
31
31
32% 32% 32% 32% 32% 32
90% 90%
91
91% 91% 91
91% 91
90% 91
Do pref.......................
*90
91
53
51% 51% 51% 51% *51% 52% *51% 53 American Cotton Oil.......
*51
52 H *51
a
*96
97
95
95
96
96
*94
97
Do pref.......................
*93
97
*35
37 , *35
37 Am erican 1)is t. Telegraph
*35% 37
*35
38
*34
38
*222 228 American Express............
*222 227 H *222 228 *222 228 *222 228 *222 228
a
59% #58
59
58% 59% 59
58% American Grass Twine ..
59% 59
5 8 H 58% 58
i
18% American Ice ............. —
18% 18% 18% 18% 18% 19
18% 18% 18
*18 H 19
a
59% 59% 59% 59% 58% 59% 57% 58% 56
56%
Do pref.......................
60
60
*24
26
§26% 26% *25
26% 25% 26% *24% 26% 25% 26 American Linseed............
*50% 54
§50% 50% *50% 54
*51
54
*51
54
Do p r e f...;.................
*50% ^4
32% 32% 32% 33% 33
33% 33% 33% 33% 33% 33 % 33% American Locomotive...
92% 92% 92% 92% 92% 93% 94
93% 93%
Do pref........................
92
92% 92%
*6% 7 American M alting............
*6 % 7
6% 6% *6% 7
*6% 7
*6*2 7
25
*24
25% *24
*24% 25% *24% 25% 25
*24
25%
25%
Do pref........................
48% 48% 48% 48% Amer. Smelt’g & Refin’g.
48% 48% 48% 48% 48% 48% 48% 49
99
99
99% 99% 99% 99% 99 H
Do prof........................
99
a
*98
98% 98% 99
*120 125 *11 5 130
122 123 American Snuff. .
*113
*115
*99
99% *98% 99% *98% 99% §99% 99% *98
99% 99% 99%
Do pref........................
127 127
127% 128% 127% 128% 127% 129
127%128% 127 %129% American Sugar Refining
119 119
119%119% *118% 119%
*117 119 * 118 119 *118%119
Do pref........................
*87
95
*87
■
*87
95
95
95 American Tel’gh &, Cable,
*87
*87
95
174 V174 V *174 17(T^ *175 181 <
*174%
175
*173 *4.174%
Amer. Telepli.' & T eleg ...
>
*13
13 V *13 ' 13% *13
14
*13
14
*13
13% American "Woolen
*73
75
•
m- - - - • •
-73
75
75
75
74% 74% *73% 75
Do pref........................
113%113% 113%113% 113% 114
113 113% 113% 114 -113% 114% d Anaconda Copper..........
*232 238 *232 239 *•232 239 *232 238 *232 239 *232 238 TJrooklyn Union Gas_
_
*12 13
*12% 13 A>runsw. Dock & C.Imp’t
*12
13
12% 12% 12% 12% *12% 13
97% 98% /Colorado Fuel & Iro n ...
98% 99% 98% 99% 99% 99% 99 101% •98% 99
*132 138 *132 138 *132 138 *132 138 *132 138 *132 138 vy Do p ref...
*17
16% 17
17% *16 ' 17 Col. & Hock. Coal & Iron.
*17% 18
18
16% 16% §17%
220 221
221 221% 221 221% 221 221% Consolidated Gas (1ST Y.).
219% 220% 220 220
.
124 124% 124% 124% *123 124% 124 124% 123% 124
124% 124% Continental Tobacco, pref
32% 32% 32% 32% 32% 32% 32% 32%
Corn Products_________
Do p r e f _____ _____
§87% 87% 86% 87 * *86% 87 % 86% 86% 86% 86% 86% 86%
77 V Detroit City G as___ ____
72% 72% 73
74
74% 76 ' 76% 76% 77
*134 136 *134 136 *134 133 *134 136 *134 136 §136%136% Diamond M a tch ............
7% 7%
7% 7%
7% 8%
6% 7% D istilling Co of America.
7% 3%
7% 7%
39% 42% 41% 42% 40% 41%
Do pref........................
38% 38% 38% 38 ^ 38% 39
319% 320 *315 320 *315 320
320 320 *312 320
311 3L7 General Electric...............
51
52% George A. Fuller Co
50
50% 5 0 % 50% 50 % 50% 50
51
51 % 51
*96% 97% *96% 97% 97% 97% 97% 97% 97
97
Do pref__
*20
*20% 20% 20% 21% 21% 21% *21 21% I nternational Paper.......
*20% 21
21
75% 7 5 % 7 5 % §75% 75% 75
*75
75% *75
75 % *75
75 A Do pref........................
80
80
83
80
60
60
85
90
International Power .
13
13
*13. 14
14
*10
*13
*11% 14
14 International Silver.........
*12% 14
*60% 65% 60% 60% 60% 60% #61
62
Do pref........................
61% 61% 62
61
53
53
53
53
*53
54
53
53% 53
54
54% 54% Internat’l Steam Pum p..
*85
93
*85
93
*85
93
93
93
*85
93
*86
87
Do pref........................
16
17% 17% 17% 17
*14
16% *14
16
16 % 17
17% Manhattan Beach............
48% 48% *48% 48% 48% 48% VTational B iscuit............
*47% 49
48% 48% 48
43
Do pref........................
*105 106 *104 105% 105% 105% 105%105% 106 106 *105 106%
21% 21% 22 22% 22 22% 22% 22% 22% 22% 22% 22% National Lead....................
89
*86
89
*85
89
*86
89% *86
89
89
89
*87
Do pref.......................
169 169 *165 170 *165 169 N ew York Air Brake.......
165% 165% * 166 170 * 166 170
*120 125 *121 125 *121 123% *122 123% -120 123 H *120 123% North American Co., new
a
-39
42
*40
41
41
41
41% 42
*40
42
40 % 41V D acific Mail......................
101% 102% 102% 102% 1 eop. Gras-L.tfc G. (Chic.)
101% 101% *101 102 *101% 102
47
47 % 47% 47% 47
47% Pressed Steel Car..............
46% 46% 46% 47% 40% 47
87
*86
87
86% 86% 86
86% 87
87
87
87
87
I)o pref........................
235 235 *232 238 §234 236 Pullman Company............
*234 238 ’232 238 *232 238
*31
31 % 31% 32
31% 31% 31% 32
31% 31% 31% 32 I > ail way Steel Spring...
*83% 85% '84% 85% 85
85
84% 84% 84
86 V IV Do pref. .
85 % 85
17% 17% 17% 17% 17% 17% 18
18% 18
18% 17% 18 Republic Iron & S te e l...
74
74
74% 74% 74% 74 "e 74% 75% 75% 75% 75% 75%
Do pref........................
20
20 20
19% *19
*20 22 . 20 20 Rubber Goods Mfg............
19% 19% 19
70
*67
70
68 68
*64% 70
*66 70
*66
*67
70
Do p r e f .....................
32
*31
33
*30
30% *30
*31
33 Oloss-Shelfield St. & Iron
*30
32
-31
33
82
*80
82
*82
82% 82
82% O Do pref........................
82
82
-82
*80
82
7% *7
7
7 Standard Rope & T w in e..
7% *7
7%
*7% 7%
7% 7% *7
63% 63% 64% 64 % 64% 63% 64 Tenn. Coal, Iron & R R ...
62% 62% 62% 62% 63
40% *38
39
*37
39
40 Texas Pacific Land Trust
*37
38% 40% 40
*37
39
16
16
*15
16
16
16
*15% 16
15% 16 I Tmon Bag cfe Paper.......
*15
16
84
84
*83% 84
*80% 84 C Do pref........................
*82% 84
*82% 84
*83% 84
12
12
11% 12% 12% J 2% 12% 12% [J. S. Cast L Pipe Fonn.
*11
13
12 12
43
43 V
4.3 V *4 2% 4.3 V
Do pref
44
*42
43 - *42
*114 118 *114 118 * 114% 118 *114 %118 *■114 %1 1 8 ' *114% U S United S tates E x p r e s s ...
J
12% 13
_
13
13% 13% 13% 13% 13% 13% 15% *13% 13% United States Leather_
85% 86 % 85% 86
Do pref........................
85
85
85
85% 86 #84% 84%
85
_
§14% 14 V *14% 15% -14% 15% §15% 15% -14% 15 United States Rubber_
,
*14% 16
*56
59
Do pref.......................
55 % 55 h *56
58
56%
*55% 59
§54% 54% *55
T
38% 39
39% 40
38% 39% 38% 39% 38% 39 % United States Steel..........
3538% 39
89% 88% 89% 88% 89%
Do pref.......................
88% 89% 88% 89% 88% 89% 89
70% *69% 70% 70
70 % Virginia-Carolina Chem..
70% 70
69% 69% 70
*69% 70
131% *130 131% ' 130 131% *130 131% 131% 131%
Do pref.......................
* .........131% *
Co.......
*200 215 *200 215 -200 215 *200 210 *200 215 -200 210 \ X T ells, Fargo
91 % 92% 92% 92% VV est’n Union Tele’gph
90 % 90 % 90% 90% 91
*90% 90% 90%
211 211 '206 212 West’gh’seEl & M fgassen
2J 2 212 212 212 *210 215
214 214
Do 1st pref.................
*210 215 *212 220 *205 225 *210 225 *210 220 #214% 214%

BANKS AND

2

S a le s o f
th e
W eek,
S h a re h

1 2 3 9
lia /n y e /o r y e a r 1 9 0 !

.................
L ow est

I lly heet

lla n ye. /o r F r e v l o u i
Vnn v / / o n / 1

J L o w eat

J H fjh e n t

4,000 27 Jan 7 35% A a r 12|| J7 J>ee
1
50 May 16 141% Feb 17 57 Jan
2.400 50% .Ian 2 72% Apr 4 : 21%Jan
3 14 13 Feh 5 88 Jan 1 1 l 75 J ’Jy
2,560 70% May f> 77 Jan l.x 53 %Jan
1,4 50 24% Mar 6 30% Apr I9 1 16 .\1 m,
5,650 55 H Mar 5 63 %Apr 18 ! 41% Jan
j
20,010 58 .Tan 27 (JO%A pr 2 1 29 Muj
55,200 3 I %J an 27 40% Apr 15 18 Jan
2,800 92 Jail 14 98 %Apr 15 (J7 %Jan
90 May2 2 91 May 26
6,500 37 %J an J■ 44% Apr 19 23% Jan
>
122 Jan s 134 Feb 7 1117 Mir.
200 18% Jan 21 23% Feb 1 1 10% Feb
1,510 35 .Jan 1.5 4 3% Feb 1 1 28 Mu;
L07 Jan 20 1.24 Apr 21 05% J an
157 May 15 159 %Fe,l> 18 147 Apr
39,775 98% Feb28 108 %Apr 2 1 7(5 M
i*;,
2,603 86% Mar 6 91 %Jan 2 81% Jan
29,200 21 %Jan 11 28 Apr 30 1 1 %Jan
17,000 4 l %J an 13 4 6% Apr30 23% Jan
1,600 17 Jan 27 23% Apr29 ] 1 %Jau
1,400 49% Jan 27 66 Apr 29 45 May
1,000 2 s Jan 14 38% Apr 30 24 Mas
5,200 19 %Jan 30 29% May 7 14 %J an
4,820 39 %Jan 24 51% May 7 38 %Jan

30 J'JllJ
134 Dec
5(5 %1lee
88 Mar
70 H J ’IIO
-|
39 %Apr7J ./’no
63% J ’no
35% .J no
94% Nov
...... ....
52 H May
j
129 %Jan
25 %May
39% May
109% Dec
100 Nov
133 May
99 %May
26 J’no
40% J’ue
22 J’ne
0 0 % Mar
38 Mar
20 J’ne
4 9% Apr

......
25,120
1,000
1,400
45,510
1,770
300
260
100
........
8,605
3,340
2,625
560
125
5,510
1.570
100
100
7,000
2,880
350
215
65,200
200

§202 Dec
130 J’ne
8% Apr
35 Apr
35 J’ne
89 %J ’Jy
35 %J’ne
91 %J an
40 May
210 Nov
45 Nov
41% Mar
77% Mar
30% J ’ly
66 J ’ly
33% Nov
91 %Nov
8 J’ne
30 J ’ne
69 Apr
104% J’no
49% J ’ne
90 J’no
153 J ’ne
130 J ’ly
100 Ajjr
167% Sep
21% Jan
82% J ’ly
54% Apr
228 Apr
14% Mar
136% J ’ne
142% Apr
25% J ’he
238 Apr
124 J’na

199 Jan 4 §225 Mayl9
61 Mar 2 5 79 Pel) 1
2 Feb 25
8 %Apr 14
10 Jan 6 26 %Apr 14
28% A p ril 32% J ’nel2
85% Jan 14 91% Mar 2 5
30% .Tail 10 57% Apr 28
86 Feb 3 99% Apr 2 3
32% Jan 14 42% May 2
210 Jan 13 244% Feb 11
39% Jan 9 59% J’n el2
16 A p r10 31% Jan 2
54 Apr 8 67 Jan 3
15 Jan 14 28 A pr30
43 .Tan 13 58 M arl 7
29% May 19 36% Apr 29
89 Jan 3 100 %Apr 29
5 Jan 20 7 %May26
21 Jan 20 26% May 2 6
43% Apr 22 49% May2 6
95 A pr30 99% MarlO
40 V Jan 22 123 J ’nelB
85 Jan 13 100 A pr19
116% Jan 6 135% Mar 31
115 Jan 2 120% May 7
84 MarlO §96 Jan 7
100 160% Jan 1.3 186 Apr 4
a
12% J ’ne 5 17 %,T n 7
200 73 A pr23 79 Jan 10
1,400 d \ 10 Apr 17 146 Feb 1
. . . . . . 210 Jan 4 242 Apr25
600 10 Jan 13 14% Apr 2 3
9,225 84 Jan 8 110% Apr 24
§130 Jan 29 §140 Mar26
820 14% J a n l6 23% Apr 4
4,230 213 Jan 15 230% Apr 2 5
1,710 115 Jan 2 126%j ’ne 3
900 31% J’ne 5 38% Mar 2 4
1,095 86 A pr23 90 Mar05
1,800 65 May 8 77 %j ’nelS
10 130% Jan 13 139% Jan 2
26,970
6% J’n el3 10 Feb 3
23,310 33 Jan 3 4 2 %Apr 4
1,200 276% Jan 15 334 Apr 9
4,615 40 May 17 53 J ’ue 2
'300 92 May 20 98 May 2 6
2,400 19 Jan 14 23% Mar20
520 73% May 5 77% Jan 7
1,100 55 J’ne 4 199 Apr29
'100 6% Jan 27 19% Apr 18
500 45 Jan 14 65 May 17
3,850 47 Jan 2 57% M arl9
100 87% Jan 13 94 Mar21
1,900 12 Jan 24 19 A pr24
701 43% Jan 14 53% Mar20
475 104^3 Jan 3 109% Apr 4
3,200 15% Jan 18 23% May23
100 78% Jan 16 9L May23
200 148 Marl 7 196 Apr 21
88 Jan 28 132% Apr 29
1,300 37% May 17 49% MarlO
1,600 98% Jail 15 106 Jan 4
9,570 39 Jan 14 50% May26
1,010 82% Feb 4 89 Apr 2 8
184 215 Jan 13 250 Apr 2 9
1,600 24 A pr16 34% Apr 29
1,900 80 Apr 1 88% J ’ne 3
4,600 15% Jan 2 20 Apr24
3,500 68 Jan 16 76 A pr25
1,181 17% Feb 28 25% Apr 21
200 66 Feb 11 74% Mar22
29% Jan 3 34% M arl8
300 80% May 19 84% Mar 7
200 4 Jan 10 8% Apr 29
6,250 61% Jan 14 74% Apr 24
1,100 35 Jan 15 44% Feb 18
500 13 Feb 1 18% Apr 3
200 72 Jan 16 85 Apr 5
2,200 10% Mav 5 13%May 6
472 42 ‘ Mayl 9 47 ‘ May 7
97 Jan 2 126% Apr 17
12,570 11 %Feb 20 14% Apr 3
7,960 79% Jan 21 86% Apr 2
20 14 Jan 2 19% Apr 14
160 50% Jan 14 64 Mar 24
44,869 38% J’ne 9 46% Jan 7
31.949 88% M ayl9 97%Jan 7
1,500 60 Jan 18 76% Apr 28
150 120%.Jan 17 134% May 15
... §185 Jan 24 §220 May 2
4,484 88% May17 94% Apr 19
620 169% Jan 15 230% Apr 9
......... 180 Jan 8 234 Apr 9

§145 Jan
00 %Dec
1 %Sep
10 Sep
19 Jan
67 Jan
24 Mar
85 Apr
32 Oct
§169 Jan
39% Dec
25% Oct
62 Oct
5% 4 an
31 Jan
22% Aug
83% Oct
4% Feb
22% Dec
38% Oct
88 Feb
26 Mar
73 Apr
103% Dec
111 Dec
§94 Jan
157% Nov
13% Mar
70 Mar
28% Dec
175 Jan
8% Jan
41% Jan
116 Mar
12% Oct
187 Jan
93% Jan

72 %Sep 92 May
127% Oct 152% Aug
6% Oct 10% J’ne
23% Sep 34% Nov
183% Jan 289% Dec
18% May 28 Mar
69 Jan 81% Sep
54% Jan 100% May
5% Feb 11 Jan
33 Apr 51 Dec
24% Jan 49 Nov
74 Jan 89 Oct
8 Oct 22 Apr
37 Jan 46 May
92 Jan 103% Nov
15 Mar 25% J ’ne
74% Dec 93% J ’ne
133 J ’ly 175 Apr
73% Feb 109 J ’ne
30% May 49% Nov
95% Jan 120% J’ne
30 Mar 52 Jan
72% Mar 89 Apr
195% Jan 225 Oct
11% Sep
55% Jan
18 Dec
65 Dec
19% Feb
65% Jan
3% Mar
49% Mar
19 Jan
12 Apr
65 Apr

24 J’ne
82 Apr
38% May
90 May
41% Apr
86% Apr
8% J’ne
76% J’ne
42 Apr
19% J ’ne
75% Dec

§53 Jan 100 Apr
7% May 16% May
69 %May 83% Aug
12% Oct 34 Jan
47 Oct 85 Jan
24 May 55 Apr
69 May 101% Apr
51 J ’ly 72 Mar
116 Apr 125 Aug
§130 Jan 199% Dec
81 Jan 100% May
145 Nov 180 Dec
157 Nov 187 Dec

T R U S T C O M P A N IE S — B R O K E R S ’ Q U O T A T IO N S

T ru st C o ’s B i d A s k
T r u s t C o ’s B i d A sic T ru st C o’s B i d A s k
M orton T ru s t f 1100
W a sh in g to n . 410
Colonial . . 375
M u t. A llian ce 290 310 .
C o n tin e n ta l. 645 660
160
105
BROOKLYN
E a s te r n T r .. 1-212%
N Y L ife& T r 1200 1300
400
E q u ita b le T r 350
N Y Sec A T r 1390 ......... B rooklyn T r 450 . . . . . .
320
,
F la tb u s h ___ 175 . . . . . .
F arm LoA Tr J 450 1500 N o rth A m er. 1-271 H 272
218
T r u s t C os,
F illh A ve T r 050 67p
R eal E s t T r ’t 400 __... F r a n k l i n ___ 325 ..........
100
N. Y. CITY
_
_ H a m ilto n ___ 325
G u a ra n ty T r 750
350
S ta n d a n lT r’t 400
K in g s C o . . . . 430 . . . . . .
T r ( Jo Of A m t2(55 %
290
K n ic k ’r b ’k ’r 775 825
A tla n tic T r .. 305 315
Bow PgG rcen 205
180 185
L incoln T r . .. 350
T rC o of Hpbc 230 2*40 L Is! L tfcT r. 300 . . . . . .
M an u factT s. 340
M a n h a tta n . 500
U nion T r u s t 1390
206 . . . . . . Broad w ay T r. 170 i s o
N a s s a u ......... 215
M er can tile
1100
IJ S M tg A T r 475
130
O’UVty B & Tr t 547
M e r c h a n ts ’ 400
(Jen 1ral T r ’st 11915
200
Un i t S ta te s 175 0 1800 P eople’s ........
W illiarn sb ’g. 215
M etro p o litaii 600
V an N ’d en T r 245 255
|c i t y T r u s t .. . 400 415
135
* Bid and asked prices; no sales on this day. § L ess than J00 sham s. % Ifix rights, < Beginning Mai oh 31 quoted per cent insfc< ad or do Kara per share.
>
,
1 Hale at -Stock E xchange or a t auction thin week.
s T ro u t (Jo. certificate {.
*| Banks marked with a paragraph (II) are State hanks

H r it i U t i

NKW YORK
CITY
"Washi n g t’n*
“ ash. lih i t H *
W
W e s t S id eV .
W e s te r n .......
Y o rk v ille ll..
BROOKLYN
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feth Ward!) ..

ih in k H
BROOKLYN
A sk
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5 th Avenue*
F irs t
200
200 ......... M a n iila c trs ’.
1500 524 1 M echanics!].
M e rc h a n ts’..
610
N a s s a u .........
240
N a t C ity .......
N ort h Hide!] _
P eople’s!]_
225
17th W ard!].
250
S p ra g u e
130
75 ......... 26th W ard!).

B id

A sk

B id
B anks
’BROOKLYN
U n io n !]......... 140
W allah out!) - 105

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E x c h a n g e ™ - B o n d R e c o rd , F r id a y ,
OCCUPY IN ii I O lilt P A G E S

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107 4 1" 8 4 109 4 A p r '02 - . - • 1 0 9
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3 1074110
107 4 108 4 1 0 7 4 107 4
10 7 4
109*4
111
1354
135 4
105
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108 4 109 4
111) 1109 4
Sale ; l l l
1 3 0 4 130
130 4H39Y!
100
105 4
100
1004

9 4 3 * ..........

A pr 0 2
J ’n e ’02
111
130
A pr 0 2
M ay0 2
F e b ’02

1 0 8 4 109 4
1094110
5 1104U 3
10 130 139 4
-- 139% 139-4
- -- 1 1 0 5 4 1 0 0 4
- - 1 0 0 4 100 4

95 4 F e b ’02

94%

954

These a rt price s o n the Oa sis o/ four m a rk s to 0 ne do liar.

t

^ ut M e x ic o b t g 5< ul 1 8 9 9
j

S c a le S ecu rities!
A la b a m a ciaaa A 4 to 5 . . . . 1 9 0 0
C lass B 5 a .............................. 1900
G lass C 4 a .............
1900
C u r r e n c y f u n d i n g 4 a ___1920
L i s t ot OoliUii.bi.ii 3 0 5 a ___ 1924
L o u is ia n a n e w conaoi 4 a . .1 9 1 4
S m a l l .................................................
M ia a o u n f u n d i n g ___1894-1995
N o r t h C arolina conaoi 4a. 1910
Oa............................................... 191 9
S o C arolina 44*> 2 0 - 4 0 .........193 3
T e n n n e w s e t t l e m e n t 3 a . . 191 3
S m a l l ................................................
V ir g in ia fu n d d e b t 2 - 3 a .. . 1991
R e g i s t e r e d .....................................
Oa d eterred B r o w n B r o s etfa.

98

100

100

100

10

96

100

1 hese a re pr ices o n the 0 a sis of $5 to X.
J-J
J -J
J-J
J -J
F A
J-J
J -J
J-J
A-O
J-J
J-J
J -J
J J
J - .1

1 0 8 4 107 M ay'02
106
.......... 1 0 9 4 Get '00
.......... 1 0 2 4 M ar’02
102 4
ill
M a r ’02 . . . . 111
124 .......... 126 O ct '01
106 4 ........ 106 M ay’02 ___ 106
109 4 F e b '99

107
107
102

96
96

104 4
1364
120
.......... 9 6
95
.......... 96 4

• •• •• • ■••••>

J a n ’02
J ’ly ’01
M a r ’00
J ’n e ’02
F e b *02
964

107
1024
H i
1064

104
...

i

9 4 J ’ne'02

1044

95 4
95
95 4
8

96%
95
99%
’104

U a ih o u d
t
B
A la b a m a C enSeeSee vSo la y& YV
la b a Midi
Sa F

A lb a n y <oSusci nee D el & H u d
S
A l l e g h e n y V a lle y See P e n n KB
A lle g A W e s t See B u d B A P
A m Hock A 1 m See Cen t of N J
A n n A rb o r 1 s t g 4 a ........../ t l 9 9 5
A t e h T A S Fe g e n g 4 a __1995
R e g i s t e r e d .......... .
___ 1995
A d j u s t m e n t g 4 s ............h l 9 9 5
B e g i a t e r e d ................... / i l 9 9 5
S t a m p e d ..................... / t l 9 9 5
C hic A S i L o u is 1 st Oa.. 1915
A t l K n o x A N o r 1st g 5 s . . 1940
A tlantic A X)anv See S o u t h B y
A t l a n t a A Y a d k See S o u t h By
A u a tu t A N W See S o u Pacific
i at C reek A S See M i d i C en t
>alt A Ohio prior l'g 3 4 s . 1925
B e g i a t e r e d ........................ / i l 9 2 5
Gold 4 a ................................ / H 9 4 8
B e g i a t e r e d ................... h i 9 4 8
Conv deb 4 s ......................... 1911
1* J u u & M D i v 1 s t g 3 4 s l 9 2 5
B e g i a t e r e d .................... p l 9 2 5
P L E A YV Yra S y s r e f 4 s l 9 4 1
S o u t h w D iv 1 s t g 3 4 s . . . l 9 2 5
B e g i a t e r e d .....................h l 9 2 5
M o n o n B i v 1 s t g u g 5 s . . 1919
C en Ohio B 1 s t e g 4 4 s . . 193 0
B e e c h C reek See N Y C A H
B e l l e v A Car See I llin o is C ent
B k l y u A M o u t a u k See L o n g 1
B r u n s A W es t See S a v FI A W
B u ffalo N Y A E r i e See E r ie
B uffalo K A P g en g 5 s . . . 1937
A ll A W est l s t g 4s g u .. l 9 9 S
Cl A M a h 1 s t g u g 5a ___ 1943
K och A P i t t s 1 st g 6 s . . . 1921
C onsol 1 st g 6 s ..............1922
Buffalo A S o u t h w e s t See Erie
B u ffalo A S u s q u 1 s t g 5 s . . 1913
.R e g ister ed ............................ 191 3
1 s t r e f u n d in g g 4 s ........ d l 9 5 1
B u r Cetiar B A N o 1 s t 5 s . 1900
Con 1 st A col t r u s t g 5 s . . 193 4
R e g i s t e r e d .........................1934
C B I F A N Y V l$ tg u 5 s.l9 2 1
M A S t L 1 s t g u g 7 s ___ 1927
'tanada S o u t h 1 s t 5 s ........ 190 8
v2d 5 s ...................................... 1913
R e g i s t e r e d .........................1913
Carb A S h a w n See 111 C en t
C arolina C en t See S e a b A R oan
C a r th a g e A A d See N Y C A H
C ed R l a F A N See B C R A N
C en B r a n c h U P l s t g 4 s . . . 194
C e n B r a n c h R y See M o P a c
C en tr a l Ohio See B a l t i A Oh
C en R R A B of Ga col g 5 s 191

L

C

C o n sol

C h a tt D i v p u r m o n g 4 s . 195 1
M a c A N o r D i v 1 s t g 5 s . 1946
M id Ga A A t ! D i v 5 s ___ 1947
G e n e r a l g o ld 5 s .................. 1 9 8 7

Q-J
A-O
A-O
N ov
X ov
N ov
M-S
J -D

*99 .......... 100 J ’n e ’02
L 0 3 4 Sale 103 4
1034
102
102
9 3 34
94
93 4 94
...........
9 4 4 A p r '02
91%
91%
* 9 1 4 92
114 ..........
1 1 2 4 .......... 1 0 8 4 D e c ’01

J-J
Q-J
A-O
0-J
M-S
.M-N
Q-F
M-N
J -J
J
F-A
M-S

964
9 6 4 52 94% 97
97 A p r ’02 . . . . 9 6 4 97
1 0 2 4 Sale 102% 102% 80 102 104%
1 0 2 4 F e b '02 ___ 102 1 0 3 4
107 J ’n e ’02 ___ 104 110
106 1 0 8
2 90 4 9 3 4
91
9 0 4 .......... 91
....|
20 9 7 4 1 0 1
9 7 4 98
974
98
9 1 4 S ale
914
91% 45 90% 91%
9 0 4 J ’n e ’Ol
111 M ay’00
1 0 9 .......... 112 N o v ’01

J-D
M-N
F -A
F -A
M-N
M-N
Oct
Oct
Oct
J-D
J -J
J-J
J-J
M-N
J-J
Q-J

95%
103
102
92
93 4
914

100
105%
1051
4
95%
944
95%

9 6 4 Sale

M-S
A-O
J-J
F-A
J -D *.......... 130
A-O
A-O
J-J
J -D
A-O
A-O
A-O
J-D
J-J
M-S
M-S

i 36
-5|
1521
----1
31
....

118

A p r ’02

1174H 94

103 A pr ’97
130 M ay’02
127 4 M a y ’02 —
100

N o y ’99

........ 1003,1 102 A p r ’u2
3
1 0 3 4 103%
1034104
125
10
1 2 4 4 .......... 125
124% F e b ’02 . • • •
1 1 7 4 .......... 118 J a n ’02
1 0 6 4 Sale
109 4 S ale

924

95

106% 107
109
1094
107 A u g ’01

93

128 1 3 0 4
127412S4

102 102
103 4 1 0 6 4
124% 1 2 6 4
124% 124%
118 118

37 1 0 5 4 1 0 7 4
13 1 0 7 % 111

J ’n e ’02

93

95

1 0 8 4 .......... 108
123 .......... 122

J ’n e ’02
M ay’02

109

109 4 87 1 0 6 4 1 1 3 4
S ep ’01
894
8 3 4 176 7 6
3 7 4 58 3 2 4 4 4 4
2 3 4 43 1 8 4 31
M ay’02
91% 93%
D e c ’99
J ’n e ’99
A p r ’02
106 1 1 2 4
M ay’02
1014103 4
1 3 9 4 41 132 141
1384
8 131 1 3 9 4

82
36

Sale
8 2 34
37

9 0 4 - ____
109 1 1 0 4
1104
.......... 1 1 4 4
1 0 1 4 ..........
139 4 Sale
1 3 5 4 ..........

108%
105L)
814
364
214
92
95
102
1124
1014
139
138

1064109%
1194122

3L1SCELJLANEOUS

IIO M > S
N. Y. S T O C K E X C H A N G E
W e e k E no ino J u ne 13

and

Fries
F rid a y
Ju n e 13

C en tr al of N J —(C on tin u ed j
A m D o c k A Im p g u 5 s . . 1921 J Le A H Lid K g e n g u g 5s 1920 J L e h A W ilk s B Coal 5 s. - 19 1 2 1MCon e x t gu a r 4 4 s . .</l910| QN Y A L o n g Bl* g e n g 4 s 194 1 Mlint Pac Hie See So Pac the/ Co
C h arles A S a v 1 s t g 7 s . . . . 1930 J
C'hes A Ohio g Os s e r A . . h i 9 0 8 AGold Os................................ tl 191 1j A
1st co n so l g 5 s ................. . 1 939i M!
R e g i s t e r e d ....................... 1 9 3 9 1 IV
G e n e ra l gold 4 4 s ..............1992 M
R egistered.*......................1992 M
Craig V a lle y 1 st g 5 s . .. .1 9 4 0 J B A A D iv 1 st coil g 4 s . . 1989] J2d c on sol g 4 s ...................1989 JW arm S p r V al 1 s t g 5 s . . 1941 M
G r ee n b rie r B y l s t g u g 4s ’40 MChic A A l t UK s fu n d Os.. 1903 M
R e f u n d i n g g 3 s ...................1949 AM iss U iv B 1 st s t g O s.. 1912 AH a llw a y 1 s t lien 3 4 s . . . 1 950 J B e g i a t e r e d ........................1950 JChic B u r A Q c o n s o l 7 s . . . 1903 J Chic A I o w a D i v 5 s ..........1905 F
D e n v e r D i v 4 s ................... 1922 F
I ll in o i s D iv 3 4 s .................1 949 J R e g i s t e r e d ................. .. 1949 J I o w a D i v sin k fund 5 s . . 1919 A
S i n k i n g f u n d 4 b ..............1919 AN e b r a s k a E x t e n s i o n 4 s . 1927 M
R e g i s t e r e d ....................... 1927 M
S o u t h w e s t e r n J ) i v 4 s ___1921 MJ o in t bonds See G r ea t N o r th
D e b e n t u r e 5 s ...................... 1913 M
H an A S t J o s conaoi Os.. 19.11 MChic A E 111 1 st s f c u r 6 s . 1907 J1 s t co n so l g Os.....................1934 AG e n e r a l c o n s o l 1 st 5 s ___1937 MR e g i s t e r e d .........................1937 MChic A In d C R y 1st 5 a . 1 9 3 6 JC h icago A E r ie See E r ie
C hic In A L o u is v ref O s... 1947 JR e f u n d i n g gold 5 s ............1947 JL o u isv N A A Ch 1 s t Os. 191 0 JClue M il A S t P au l con 7s 1905 JT e r m in a l g o ld 5 s ...............191 4 JG en eral g 4 s s e r ie s A . . r l 9 8 9 JR e g i s t e r e d ...................... <?1989
G e n e r a l g 3 4 s s e r ie s B . e l 9 8 9 ?:
L e g is t er e d ..................... e 1989 J C hic A L S u D i v g o s ___1921 J ■
Ohio A M o R i v D i v o s . . . 1 9 2 6 JC hic A P a c D i v 6 s ............ 191 0 JC hic A P W l s t g o s ........ 1921 JD a k A G t So g o s ............... 1916 J
F ar A Sou a s s u g 6 s ........ 1924 JH a s t A D D iv 1 s t 7 s ........ 1910 J1 s t 5 s .................................... 1910 JI A D E x t en 1 s t 7 s ..........1908 JL a C r o sse A D 1 s t 5 s ___1919 JM in e r a l P o i n t D i v 5 s ___ 1910 JSo M in n D i v 1 s t 6 s .......... 1910 JS o u t h w e s t D i v 1 s t 6 s ___1909 J •
YVis A M in n D i v g o s ___ 1921 JM il A N o 1 s t M L 6 s . . . . 1 9 1 0 J1 s t c o n s o l 6 s .....................1913 JC h icago A N o r t h w e s t e r n
C on so lid a te d 7 s ................. 1915 QGold 7 s .................................... 1902 JR e g i s t e r e d ........................ 190 2 JE x t e n s i o n 4 s .......... 1 8 8 6 -1926 FR e g i s t e r e d ............1 8 8 6 -1 9 2 6 FG e n e ra l gold 3 4 s ...............1987 MR e g i s t e r e d .................... ®1987 QS i n k i n g f u n d 6 s . . .1 8 7 9 - 1 9 2 9 A
R e g i s t e r e d ............ 1 8 7 9 -1929 A
S i n k i n g fund 5 s . ..1 8 7 9 - 1 9 2 9 AR e g i s t e r e d ............ 1 8 7 9 -1 9 2 9 AD e b e n t u r e o s ...................... 190 9 MR e g i s t e r e d ........................ 190 9 M
D e b e n t u r e 5 s .......................1921 AR e g i s t e r e d ........................ 1921 A
S i n k i n g fu n d deb 5 s ........ 1 9 3 3 M
R e g i s t e r e d ........................ 1933 M
D e s M o A M i n n 1 s t 7 s . . 1907 F
M i lw A M a d iso n 1 s t 6 s . . 1905 M
N o r t h I ll in o i s 1 s t 5 s ___ 1 9 1 0 M
O tt C F A S t P a u l 1 st 5 s 190 9 M
YVinona A S t P e t 2d 7 s . . 1907 M1
M il L S A YVest 1 s t g 6s 1921 IV
E x t A Im p si'und g 5 s 192 9 F
A s h l a n d D i v 1 s t g 6 s . . 1925 M
M ic h D i v 1 s t g 6 s ..........1924 J
C o n v e r t ib le deb 5 s ___ 1907 F
I n c o m e s ............................ 1911 M
Chic R o c k I s l A P a c 6 s . . . 1917 J
R e g i s t e r e d ........................ 1917 JG e n e r a l gold 4 s ...................198 8 J
R e g i s t e r e d ...... .................198 8 J
D e s M A F t D 1 s t 4 s . . . . 1905 J
1 s t 2 4 s ................................1905 J
E x t e n s i o n 4 s ...................190 5 J
Keok A D e sM I s t 5 s . . . . l 9 2 3 A
C hic A S t L See A t c h T A S a F e
C hic S t L A N O See 111 C en t
C hic S t L A P i t t s See P e n n Co
C hie S t P M A O con 6 s . . . 1 9 3 0
Ch S t P A M in n l s t g 6 s 1 9 1 8
N o r YVisconsin 1 s t 6 s . . . 1 9 3 0
S t P A S C ity 1 s t g 6 s . . . 191 9
C hicago T e r T r a n s g 4 s . . .1 9 4 7
C hic A W e s t I n d g e n g 6s <?1932
C hic A YVest M ich R y 5 s . . 1921

Y e a r ly

Week's
Mange or
Last Sale

Mange
?*
5-a
Since
Oo
8 vi J a n u a ry 1

>i d
A s k Loiu
H igh | A'O Low H ig h
1 1 3% 114
114 4 ......... 111 F e b ’02
..........104
.......... 102%

106 M ar’02
102% 102%

105

8 102

106
105

125
112
113
120

..........
.......... 112 M ay’02
112 115
1 1 6 4 111 A pr ’02 . . . . 111 117
Salt; L19% 1 2 0 4 18 119 4 1 2 3 4
121 J ’l i e ’Ul
108% 46 1 0 6 4 1 1 0 4
1 0 8 4 Salt 108
103 A pr ’0 1
114 M ay’02
114 116
10841X 54
3 104 105 4
104% 105 4 104% 104%
101 4 D e c ’01
99 101
1 0 8 .......... U H L A u r ’99
102 .......... 104 4 M ar’02 - »• » 1 0 3 4 X 0 4 4
85 4 Sale
85 4
88
85 4 18 85
32 84
86
86
854
83% A p r ’02 ... . 83% 83%
5 104% 1 0 6 4
1 0 6 4 Sale 1 0 6 4
1064
101% A p r '00
4 100% 103 4
101 4
101% 102
101 4
102 103 4
1 0 2 4 .......... 102% J ’n e ’02
85 4

86

1 1 4 % .......... 114% A p r ’02
104 4 .......... 106 M ay’02
109 4 1 10 10!) 4 M ay’02
109 A u g ’0 1
100 .......... 100 M a r ’02

• • «• 1 1 4 4 1 1 6 4
. . . . 105 106
. . . . LOO4 111 4
—

99% 100

5
108
108
1
L18% 118%
3
111
1114
139 4 M ay’02
124% 17
L24 4
124% M ar’02 . . . .
.......... 125 M ay’02 —

1074110
1 1 8 % 122
1114114
13841394
122 4 1‘ 6 4
2
124% 124%
125 125

1 3 1 4 .......... 1 3 2 4 1 3 2 4 1U
5
1 1 4 4 .......... l 16 4 1 1 6 4
1 1 4 4 .......... 115 M ay’02 . . . .
196 A p r ’02 . . . .
1 14% 116 4 111% J ’n e ’02 . . . .
D
117
1 1 5 4 .......... 117
105 > F e l j ’98
o
...................... 104% J a n ’ 0 2
::::
120 4 Mai ’02 . . . .
120 4 . .
1 2 3 % .......... 124 %A p r ’02
117 117% 1 17 4 May 02
1 2 0 % .......... 121 J ’n e ’ 0 2 . . . .
13 5% .......... 115% ;VIay’02 . . . .
1364
137 4 J ’ly ’99
2
1 2 3 % .......... 123% 123%
110 1 1 1 4 1 1 0 4 A p r ’0 ‘ . . . .
2
182 4 J a n ’02 . . . .
1 1 8 % .......... 1 18% May’02
1 1 0 % .......... 109 %F e b ’02 . . . .
1 1 7 4 .......... 117 J ’n e ’02 —
116 .......... 115 M a r ’02 . . .
120 4 .......... 120% M ay’02 . . . .
1 1 4 4 1 1 6 % 117 M a r ’02 . . . .
1 2 0 4 1 2 1 4 1 2 3 4 M ay’02 . . . .

126 1 3 2 4
113 116 4
1 13% 1 15
1 8 2 4 196
112 115
1 1 0 4 117

108 ..........
1 18% S ale
111 bale
L39 4 ..........
1 2 4 4 ..........
126

137
1374
1014 1014
J ’n e ’02
1014
1.07 4 M ay’02
107 M a r ’00
■
111
103 N o v ’98
1 1 3 4 1 1 7 4 118 M a r ’02
111 Oct. ’00
1 0 8 .......... 109 J ’n e ’02
107% M ay’Ol
107 4 M ay’02
107 4 1 0 8
108 O ct ’01
1 1 4 4 .......... 1 1 4 4 M ay’02
114 Oct ’01
1 2 3 4 S ale 1 2 3 4 1 2 3 4
123 M ay’Ol
..........139%
1 0 1 % ..........
1 0 1 4 ..........
105% 108

108% .
1 1 6 ........
133% 135
1 2 5 % ..........
1 3 8 4 ..........
1 3 8 % ..........
105%
1 0 7 4 ..........
13041324
112

S ale

9 9 4 ..........
90%
984

113 J a n ’01
1 0 9 4 M a r ’02
1 1 0 4 A u g ’01
1164 1164
133% J ’n e ’02
126 A p r ’02
142 4 F e b ’02
1 3 9 sa J a n ’02
107% F e b ’01
110% M ay’02
1 3 1 4 M ay’02
131 M a r ’02
112
112
1 1 1 4 A p r ’02
99% M ay’02
8 6 Anff’Ol)
97 D e c ’00
1 1 0 4 A p r ’02

138
138

.......... 1 3 8 4
.......... 141%
140
1 2 8 4 .......... 128%
90
90% 90
119
. .. 118
107 .......... 109

104% 104%
12041204
1 18% 124 %
1.14 4 118
ll 1078 1 2 1 3 4
1 1 2 4 1 1 5%

12
10
...
....

122 4 1 2 4
1084H 0 4
182 4 1 8 2 4
1 1 8 % 1 19
109% 109%
114 1 1 7 4
113% 115
116% 121%
115 117
120% 1 2 3 4
137 141
1014104%
1 0 1 4 104
107 4 1 0 7 4

___ 115

118

___ 1 0 8 4 1 1 0
___ 1 0 7 4 1 0 9 4
___ 114

117%

10 1 2 1 4 1 2 4
___
107 4 i 0 9 4
5
....
....
....

_
113
___
....

11641194
133% 137%
125% 1 2 8 4
14241424
1394139%
n o % iio %
128 132
1294131
1054 H 3%
1 0 9 112
98
99%

.... 1 0 9 4 1 1 0 4

1S84142
J ’n e ’02
M a r ’02 . . . . 140 141%
J ’n e ’02
1 4 0 140
128%
5 127 % 130%
90%
90% 18 86
118 119
M av’02
A p r ’02 . . . . 109 1 0 9

B O N D S ^ —C o n tin u e d on N e x t R a g e .

S tre e t R a ilw a y

B r o o k l y n R ap T r g 5 s ........ 194 5
A t l A v B k l y n im p g 5 s . . 1 934
B k C ity 1st con 5 s . 1 9 1 6 , 1 9 4 1
B k Q Co A S con g u g 5 s . 1941
B k l y n U n E l 1 s t g 4 -5 S .1 9 5 0
K i n g s Co E l 1 st g 4 s ___ 1949
N a s s a u E l e c g u g 4 s ___ 1951
C ity A S R y B a l t l s t g 5 s . 1922
C on n R y A L 1 st A r e f g 4 4 s *51
D e n Con T r Co 1 s t g 5 s . . . 1933
D e n Tram Co con g 6 s . . 191 0
M e t 'Ey Co 1 s t g u g 6 s . . 1911
D e t Cit S t R y 1 st con g 5 s . 1905
G r R a p id s R y 1 st g 5 s . . . a l 9 1 6
L o u is R y Co 1 st c o n g 5 s . . 193 0
M a r k e t S t C R y 1 s t g 6 s . . 1913
M o t S t R y g e n col tr g 5 s . 199
B w a y A 7 th A v 1 s t e g os 1943

W e e k ly

S treet R a ilw a y

A-O
J-J
J-J
M-N
F-A
F-A
J-J
J-D
J-J
A-O
J -J
J-J
J-J
J-D
J-J
J-J
F-A
J -D

107%
110
ll4
.......... 1 1 4
101
.......... 1 0 6 4
103% Sale 102 4
90
.......... 1 0 7 4

A p r ’02
J ’n e ’O
O

—

...................... 103

N o v ’01

—

109

M a r ’98

......................

98
95

M ay’02 . . . .
J a n ’99
M a y ’02
A p r ’02
103% ’ 28
9 0 4 14

120 .......... 121
1 1 7 4 .......... 1 1 7 4
'N o p rice Friday; la t e s t p r ic e t h is w e e k , a D u e J a n

107

1104

1124114
100 1 0 6 4
1004103%
89% 93
98

98

......................

M e t S t R y —(C ontinued)
Col A 9 th A v 1 s t g u g 5 s . 1993
L e x A v A P F 1 s t g u g 5 s 199 3
T h ird A v e R I l con g u 4 s 2 0 0 0
T h ir d A v e R y 1 s t g 5 s . . 1937
M e t YV S E l (Chic) l s t g 4 s . 1 9 3 8
M il E l R y A L 3 0-yr g 5 s . 192 6
M in n S t R y 1 s t c o n g 5 s . . 191 9
S t P a u l C ity Cab con g 5 s . 1937
G u a r a n te e d gold 5 s ..........1937
U n i o n E l (Chic) 1 s t g 5 s . . 1945
YV Chic S t 40-yr 1 st c u r 5 s . 1928
4 0-year co n so l gold 5 s . . . 193 6

M-S
M-S
J-J
J-J

1 2 2 4 ..........
1 2 2 4 ..........
1 0 1 4 S ale
.......... 1 2 1 4

F-A
F-A

J-J
J-J
J-J

100 4
1124

12141244

120% 121
994UH %
123 1 2 6 4
101 103

109 4 D eo ’99

A-O
M-N

M-N

1 2 2 4 J ’n e ’02
1 2 2 1- 1 2 2 k ’ Y
*
>
1 0 1 4 101% 94
126 k A p r ’02
102% 102% "V;
106 O ct ’99
110 A p r *01
1 1 4 4 N o v ’Ol

......................

99

D e o ’9.

<^as a n d E le c t r ic L ig h t

A t l a n t a G L Co 1 s t g 5 s . . . 1947 J - D
B os U G a s t r otfs s f g 5 s . 1939 J-J
B k ly n U G as 1 st coil g 5 s . 1945 M-N

0 119 122
121
1174
1 117 4 1 1 9 %
d D u e A pr e D u e .vlay y D u o j ’lie

h D u e J ‘ly

91% d o t ’98

i i i " i i s " 1 1 8 ~ 118
k D u e A u g p D u e N o v . r 1>1 1 v

10 117
G

n t u

n i

1204
s a le

J u n e II, 1902.]
BONDS

N . Y. STOOK EX C M A N G E
WEE 1 10N NO .7 UNIfl 13
C
111

B o n d

Wee IPh
lianqe or
Last Sale

Price
I<Hda u
J une IS
a id

Choc Ok So O g< n g 5s . . . o l 9 l 9 .1 .1
Cm II < I) consol h l ' 7 s . . . 11)05 A o
&
2d gold 4 4 * . .........................11)87 .) j
C m D A I 1s t ini g o s . . 11)4 1 M N
C I s t Lcfe C Sec 0 C 0 < HI 1.
&
Cln S < 0 S e e n C C S i L
&
Clearfield So Mah S'ee \\ R A P
'
C le v e la n d C m C hic As S t Louis
G e n e ra l g 4 s . .....................I993 J-I)
Cairo I >iv 1s t gold I s . . . . 11)21* J-J
Oin W A M Div 1st g Is. 100) .1 • J
St L D i\ 1st. col tr g i s . .1 0 0 0 M-N
R egiste re d
. - . 1 9 9 0 M-N
Spr A- Col Div 1st g 4 s . . 11)40 iVI-S
W W Val Div 1 st g 4 s . . . 1910 .J-J
C 1 S t L A- c con sol Os.. 1020 M-N
1st. gold I s ............. ..A: 1020 Q* *
'
RegistertM l............... k .1020 Q- F
Cln S A 1 2 con 1s t g o s . . 1028 J-J
:
C (■ C & 1 con sol 7 s ..........1014 J-D
Consol sin k fund 7 s ___1014 J-I)
G eneral con sol gold 6 s. 1021 J-J
R e g i s t e r e d .................... 1024 J-J
Tinl B1 cC W 1st prof 4 s. 1010 A -0
O lm l As W 1 st pf a s . . . d 1028 Q-J
P r o As E a s t 1st eon 4 s . . . 1040 A-O
In co m e 4 s ..........................199 0 A pr
01 Lor A- Wli con 1st g 5 s. 1032 A O
C lev A; Ma r 1e tta See P e n u R R
C le v So Malion V al g 5 s . . .1 0 3 8 J-J
R e g is t e r e d ........................ 1038 Q-J
C le v & P it t s See P en n Co
Col .Midland 1 s t g 3 - 4 s ___ 1947 J- J
1 s t gold 4 s ............................1947 J- J
Colorado A; Sou 1 st g 4 s . . . 1029 F-A
Colum & G r e e n v See, So R y
Col & H ock Val See l l o c k Val
Col Conn So Term See N So W
Conn So P a s R iv s 1 st g 4 s . 1943 A -0
ak & G t So See C M So St P
alias & W aco See M K So T
D el Lack <fe W e s t e r n 7 s . . . 1907 M-S
M orris So E s so x 1 s t 7 s . . . 1914 M-N
1 s t con sol gu ar 7 s ........ 1915 J-D
R e g i s t e r e d .................... 1915 J-D
1 s t r e f gu, g 3 4 s ............ 200 0 J - D
N Y Lack So W 1 s t 6 s . . . 1921 J - J
C o n str u c tion 5 s ............192 3 F-A
T erm 6b im )> r ove4s___1923 M-N
S y r B i n g & N Y 1 s t 7 s . . 1906 A-O
W arren 1 s t r e f g u g 3 4 s . 200 0 F-A
Dei So Hud 1 st P a D iv 7 s . 1917 M-S
R e g is t e r e d ........................ 1017 M-S
A lb A: S u s 1 s t con g u 7 s. 1906 A-O
R e g is t e r e d ........................ 190 6 A-O
G uar gold 6 s .................... 190G A-O
R e g is t e r e d .....................1006 A -0
R on s 6b S aratoga 1 s t 7 s . 1921 M-N
R e g i s t e r e d ........................ 1921 M-N
D ei R iv R R B r id g e See P a R R
Denv<& R Gr 1 s t con g 4 s . 1936 J - J
C onsol gold 4 4 s .................1036 J-J
I m p r o v e m e n t gold 5 s . . . 1028 J-D
Rio Gr So g u See Rio Gr So
*Den 6b S W e s t g en s f g 5s 1929 J -D
D e s M oi & F t D See C R & I P
D e s M 6b M in n See Ch < N W
fc
D e s Moi U n R y 1 s t g 5 s . .1 9 1 7 M-N
D e t M & T ol See L S 6b M So
D e t 6b M a c k 1 s t Lien g 4 s . 1995 J-D
Gold 4 s ....................................1995 J-D
D e t S ou 1st g 4 s .................. 1951 J-D
Ohio S ou D iv 1 s t g 4 s . . . 1941 M-S
D u l A; Iron R a n g e 1 s t 5 s . .1 9 3 7 A-O
R e g i s t e r e d ............................ 1937 A-O
2d 6 s ....................................... 191 6 J - J
D u l So S h o r e So A tl g 5 s . . 1937 J - J
IT ast of M in n See S t P M So M
A J a s t T e n V a & Ga See So R y
E l g in J o l A; East. 1 s t g 5 s . 1941 M-N
E lm Cort So N o See Leh 6b N Y
E r ie 1 s t e x t gold 4 s ...............1947 M-N
2d e x t gold 5 s ...................... 1919 M-S
3d e x t gold 4 4 s ..................192: M-S
4 th e x t gold 5 s .................... 1920 A-O
5th e x t gold 4 s .................... 1928 J-D
1 st c on sol gold 7 s ...............1 920 M-S
1 s t c on sol g fu n d 7 s ........ 1920 M-S
E r ie 1 st con g 4 s p r io r .. 1996 J-J
R e g i s t e r e d ........................ 1996 J - J
1 s t c o n s o l g en Lien g 4 s . . 1996 J-J
R e g i s t e r e d ........................ 1996 J - J
P e n n coll t r g 4 s ...............1951 F-A
Bull In Y 6c E r ie 1 s t 7 s . . 1916 J-D
Butt 6c S W gold 6 s ..........1903 J - J
S m a ll....................................1908 J - J
Chic 6c E r ie 1 s t gold 5 s . . 1982 M-N
Jett R R 1 s t gu g 5 s ___ a l 9 0 9 A - 0
L o n g D ock con sol g 6 s . . 1935 A-O
Coal 6c R R 1 s t c u r g u 6 s. 1922 M-N
D ock A Im p 1 s t c u r 6 s . .1 9 1 3 J - J
N Y A Green L g u g 5 s . 1946 M-N
Mid U R o f’N.J I s t g 6 s . 1910 A -0
N Y S u s A W 1 s t ref 5 s . 1937 J-J
2d gold 4*2 8 ...................... 1937 F-A
G en eral gold 5 s ..............1940 F-A
Terrrj i nal 1 s t gol/l 5 s . . . 1943 M-N
R e g is $ 5 ,0 0 0 e a c h . . . 194 M-N
W ilk A E a 1 s t g u g 5 s. 1942 J-D
E r ie A P i t t s See P e n n Co
E v a n s v ille A T erre H au te
1 s t con sol 6 s ........................ 1921 J - J
1 s t g en er a l gold 5 s ..........1942 A -0
M t V er n on 1st gold 6 s . . 1923 A -0
S a il Co Branch 1 s t g 5 s . 193 0 A -0
E v 6c I ml 1 s t con gu g 6 s . . 1926 J - J
| Tar go A So See Ch M A S t P
J 1jn t A P e r e M See P o r e M ar

a

R e c o rd

sk Lorn

C o n tin u e d

Han go
Since
Ja/nirary J

Iliq/i No Low J1iq h

1 1 1 4 .......... I 1 1 4 Mav’02
•
"
1 0 9 * 2 ......... 1 1 1 1 1u « ’0 1
Got ’00
11
1 1 4 4 .......... 1 1 3 % May*02

105

114 4

1 15% 1 15 4

102
1 0 2 4 50 102 104%
102 A pr '02 . . . . 102 102
101 4 103%
105% M ay’02
10 102% 104%
104
101
99 May’99
100 J ’n e ’0 1
S3 N o v ’99
....
..........
104% ib*5% M ar’02 — i 05 rod

1 0 2 4 Sal*
101
.........
102 4 .........
1 0 3 % ..........
1)8
104
104

1 15 % .......... 115 4 A p r '02 . . . . 115 115 4
134% J a n ’02 — 134*8 1 3 4 4
127 4 1 3 0
136 4 ......... 138

M ay’02 . . . . 138

138

104 4 N o v ’01
*
99
o
I bo * S ale ’ * * ** " i ’ o " ’*2 3 "98 4 i 02
30 72
74
73%
74 Hale
82 4
115 .......... 1 1 6 4 M ay’02
11441164
1 2 7 4 .......... 128
84
85
* 84
85
95% Sale

84*4
84
95

J ’n o ’02 —
85
85 4
95%

1274128

18
16
53

82
87
82% 86%
91
96*.a

O

117% 120%
1 1 7 4 .......... 1 1 7 4 M av’02
2
1 3 4 * 4 .......... 138 A p r ’0 ‘ . . . . 1 3 6 4 1 3 8
5 137% 141
..........138
137 4 1 3 7 4
140 Oct ’98
8
135% 135%
11 8*4 M ay’02
103% J ’n o ’02
1 14 *4 May’02 —

135% . . . . . .
117 119
103% ..
1 1 4 ..........

1334137
11 6% 118*4
103% 1 0 5 4
114*4 H 7 %

_
.......... 143 J ’n e ’02 __ 143 1 4 4
149 A up-’OI
1 1 2 4 - H i l l 115% F e b ’02 ___ 115%115%
122 J ’n e’99
2 108% 199
109
1 0 8 % .......... 109
111% F e b ’02 . . . . 111% 111%
1 4 7 4 .......... 147 4 J ’n e ’02
14741514
151 Jan ’01
140

104 Sale 103% 104*4
1 1 0 4 1 1 1 4 1 1 0 4 Mav’02
111 S ale 1 1 0 4 111
..........
104

87

85

.......... 111

44 101 1 0 4 4
110*4 112
13 109% 113%

M ay’02 —

87

90

F e b ’01

r*

1 0 0 .......... 101
i L01 101
101
93
94
95 4 M ay’02 . . . . 92 4 95 4
85 *2 Sale
85 4 36 8 4 4 87%
854
5 92 4 9 5 4
93 .......... 93
93
5 112% 115
1 1 2 4 .......... 1 1 4 4 1 1 4 4
.......... 115

M ay’02 —

111

114

*11 5

J ’n e ’02 —

112% 115

118 May’02
119*4 J ’n e ’02
116 %A p r ’02
120 M ay’02
109*4 J a n ’02
139 J ’n e ’02
136 M ay’02
100% 102
99 A u g ’01
87%
88*4

1 1 8 % .........
1 1 3 * 4 ..........
1 1 9 * 4 ..........
J 06 %..........
139 1 4 1 4
135 139
1 0 1 4 Sale
88 *4 S ale
95

1154118
118% 122
115 1 1 6 4
120 121%
108% 109%
. . . . 138 142
----- 136 139
91 98% 102
76

87 4

90

11 123% 125%
124
124
103% A p r ’02 . . . . 1 0 3 % 1 0 6
136*4 May’02 . . . . 130% 136%

11 8 4 A p r ’02
109 Oct ’98
115% M av’02
1 1 7 .......... 117 M ay’02
103 A p r ’02
* ..........110
110 M ar’02
‘2
1 1 7 % .......... 116 * M ay’02
1 1 4 4 .......... 1 1 4 4

110
100
114

....
___
....
....

137 93% 96
94%
95
133 J a n ’02 — 133 133

Sale

123 124*4
104*4 108
1 3 7 ..........
115 ..........
1 1 8 % ..........
115*8 --

126

115

.......... 1 2 6 4
112
.......... 112
..........
110 115

.... 1 1 8 4 1 1 8 4
___ 115% 118
.... 1154118
102 103
___ 109 1 1 0 4
. . . . 116 1 1 6 4

1144

2 11241154

J ’n e ’02
123 1 2 6 4
M ar’02 ___ 1 0 8 % 1 1 2
___ 112 112
J ’n e ’02
M ay’02 —

114

M ISC E L L A N E O U S

116

Page

2

BONDS
N. Y. WTO Civ E X C H A N G E
W eek E ndino j l .; ic 13

1 2 4 1
V ,^
,
t v
L
■ 'G
G

Price
P riduv
Ju/ne IS

Week'n
Uditijf or
Last, Sate

Auk Juno
F la (U ii So Pen I s t g 5 m .191 8 J j
I .tt hind gr ox l gold 5s . 1930 J J
( .'on hoI gold 5 m................... 1943 j .i
Fori SI, ll I) Co 1H g 1 4 h . l 91 l J .1
i,
Ft W
Den C lo t g 6s . . I 92 I J D
F t W So Rio Gr I hL g 3 1m. 1928 J J
I 1 al II ar A S A See Ho Par, ( U
>
' a 1 11 6k 11 of 1882 I ht 5 m 1918 A 0
Ha (V A la Ry 1 st con 5 h. . « 194 5 J - J
,
<la ( Jar 6b N o 1st gu g 5s . 1929 J J
G eorgia Pacific See Ho Ry
G ila V G So N o r See Ho Pac Co
( lo u v 6b O s w e g a t See N \ C en t
G rand IlapAk J ml /tec P e n n li l t
G ray’s }*t T erm See S t L S W
G t N o r — BcfcQColl l r 4 s 1921 J J
C
G r ee n b rie r R y See d i e s 6c o
an So S t J o See C B 6c Q
o u sa to n ic See N Y N Jl A II
D o c k Val 1 st consol g 4 4 « - 1999 J - J
R e g i s t e r e d ............................ 1999 J - J
Col So II V 1 s t e x t g 4 s . . 1948 A-O
11 o u s t E So W T e x See S o P ac
11 o u s t So T e x Cen See So P a c Co
J llin o is C entral 1 s t g 4 s . .1951 J - J
L R e g is te r e d ........................ 1951 J - J
1 s t gold 3 4 s ........................ 1951 J - J
R e g is te r e d ........................ 1951 J - J
1 s t gold 3 s s t e r l i n g ..........1951 M-S
R e g is te r e d ........................ 1951 M-S
Coll T r u s t gold 4 s ............1952 A -0
R e g is t e r e d ........................1952 A -0
L N O So T e x gold 4 s ___1953 M-N
R e g is t e r e d ........................ 1953 M-N
Cairo B r id g e gold 4 s ___1 950 J-D
L o u is v ille D iv gold 3 4 s . 1953 J - J
R e g is t e r e d ........................ 1953 J - J
M idland D i v r e g 5 s ..........1921 F-A
S t L o u is D i v gold 3 s ___1951 J - J
R e g is t e r e d ........................ 1951 J - J
Gold 3 V s ............................ 1951 J - J
R e g i s t e r e d .................... 1951 J - J
S p r in g D i v 1 s t g 3 4 s . . .1 9 5 1 J - J
W e s te r n L i n e s 1 s t g 4 s . . 1951 F-A
R e g is t e r e d ........................ 1951 F-A
B e l l e v Sc Car 1 s t 6 s ........1923 J-D
Carb Sc S h a w 1 s t g 4 s . . . 1932 M-S
C hic S t L & N O g 5 s . . . 1951 J-D
R e g is t e r e d ........................ 1951 J-D
Gold 3 V s ............................ 1951 J-D
R e g is t e r e d .................... 1951 J-D
M e m p h D iv 1 s t g4-s.._1951 J-D
R e g is t e r e d .................... 1951 J-D
S t L Sou 1 st g u g 4 s . . . . 1931 M-S
In d B 1 6b W e s t See C C C & S t L
I n d D e c & W 1 s t g 5 s ........1935 J - J
1 s t g u a r gold 5 s ...................1935 J -J
I n d 111 So l a 1 s t g 4 s ..........1 950 J - J
I nt. So G reat N o r 1 s t g 6 s . . 1 9 1 9 M-N
2d gold 5 s .............................. 1909 M-S
3d gold 4 s .............................. 1921 M-S
I o w a C entral 1 st gold 5 s . . 1938 J-D
R e f u n d i n g g 4 s . .................1951 M-S
Jefferson R R See E r ie
al A So G R See L S A M S
an So M ich See Tol So O C
K C P t S A M See S t L So S F
K C & M R & B 1 s t g u g 5 s. 1929 A-O
Kan C & P acific See M K & T
K an C ity S o u 1 s t gold 3 s . . 1950 A - 0
R e g i s t e r e d ..................... .... .1 9 5 0 A -0
K e n t u c k y C e n t See L A N
K eok So D e s M o See C R I 6b P
K n o x v ille So Ohio See So R y
1 a k e E r ie 6b W 1 s t g 5 s . . 1937 J - J
-Lj 2d gold 5 s .......................... 1941 J - J
N o r t h Ohio 1 s t g u g 5 s . . 1945 A-O
L S h o So M ich S See N Y Cent
L e h ig h V a l (Pa) coll g 5 s . 1997 M-N
R e g is t e r e d 5 s ...................... 1997 M-N
Leh V a l N Y 1 s t g u g 4 4 s . 1940 J - J
T
R e g i s t e r e d ............................ 1940 J - J
L e h V T e r R y 1 s t g u g 5 s . 1941 A-O
R e g i s t e r e d ............................ 1941 A-O
L e h V Coal Co 1st g u g 5 s . 1933 J - J
R e g i s t e r e d ............................ 1933 J - J
L e h A N Y 1 s t g u a r g 4 s . . 1945 M-S
R e g is t e r e d ............................ 1945 M-S
E l C A N 1 s t g 1 s t p f 6 s. 1914 A -0
Gold gu a r 5 s .................... 1914 A -0
L e h A H u d R See C e n t of N J
L e h A W ilk e s b See C e n t of N J
L e ro y A C a n e y V a l See M o P
L o n g D o c k See E rie
L o n g I s la n d 1 s t con g 5 s . / t l 9 3 1 Q-J
1 s t co n so l gold 4 s .......... h i 931 Q-J
G eneral g o l d 4 s .................. 1938 J-D
F e r r y gold 4 4 s .................. 1922 M- S
Gold 4 s ....................................1932 J D
U n ifie d gold 4 s .................. 1949 M S
D e b e n t u r e gold 5 s ............1934 J D
B k ly n A M on t l s t g 6 s . . 1911 M S
1 s t 5 s ....................................1911 M S
N Y B A M B 1 s t con g 5 s 1935 A O
N Y A R B 1 s t g 5 s ........1927 M-S
N o r Sli B 1st con g g u 5 s o l 932 Q-J
L o u is v A N a s h v g en g 6 s . 1930 J-I)
Gold 5 s ....................................1937 M-N
U n ified gold 4 s .................. 1940 J - J
R e g is t e r e d ........................ 1940 J - J
Coll t r u s t gold 5 s ...............1931 M-N
Coll t r u s t 5-20 g 4 s . 1 9 0 3 -1918 A- 0
Cecilian B ranch 7 s ..........1907 M-S
E H A N a s h 1 s t g 6 s ___1919 J - D
L Cin A L e x gold 4 4 s . . . 1931 M-N
N O A M 1 s t gold 6 s . . . . 1930 J - J
N O A M 2d gold 6 s ........1930 J- J
P e n s a c o l a D i v gold 6 s . .. 192 0 M- S

li an qe

£~
Sinew
G G Ja n u a ry

Jliffh

1 0 7 % .......... 100 Hop 00
100 %
1 0 7 % .......... I (HP F o b *02
105 M ar’98
1 J3 4
1 13 4 Hub' 1 13
90
89 4 90 4 00

i I 06*2 106*2
106 ” 1 1 6 G
ill 88
92 ‘2

103 Mnv'02
104
100
O
113 4 .......... 98 •/ N o v ’O
•z
113 4 ......... 1 1 1 1 M;u '02

1.02

i o 9 % i i ’i %

9 0 7b INI)

9 0 Sal e

106Q

95*2 97

H

110%

1 1 J07*4 112

107

105% A p r ’O
l:

105% 106

1 1 5 * 8 ....
113
105 J _
2 _

I 15% A p r ’02
1 J3 *2 M ar’00
104 *2 Mar’02
102*2 A p r ’98

115

105*2

I 06%.
102
103%
104%

110h2
105

110%

104

104 *2 105%

M ay’02
Oct ’01
M ay’02
M ay’02

105

100*2 101*4

123 M ay’99
87*8 M ay’02

87*8 87*2

100*2 101 *4 10()% M ay’02
101 %Oct ’99
102
100 N o v ’00
J 12
113*2 F e b ’02
123

130*4___
1 2 7 * 4 .,...
106

ib o% i ‘ o%
o
113*2 114%

124 May’01
90 N ov’98
131 May’02
124 S e p ’01
104% A p r’02
106

129*2 131
104% 104%

O ct ’01

101

106%

103*2 106
104% 104%

1.10 ..........
100*4 101*8 101 *4 A p r ’02
120
86*2

110

M ar’02

101

1 0 9 .......... 108*2 J ’n e ’02
109 ..........
1 0 2 * 2 .......... 102% M a r ’02
122*4 124 *2 122 J ’n e ’02
100
100
.......... 101
75 M ay’02
75
78
1 1 6 .......... 119 A p r ’02
9 6 *2 M a r ’02

104*2

105% 108*2
100
121*2
99%
75
116*4
95

102%
127
103
80
119%
97

K

72
72%
63*4 Oct ’00

71*4 74

121*2124
1 1 8 ____
1 1 3 * 2 ____

123
123
117% F e b ’02
U 2 G M ay’02

120% 123
116 117%
112*2113

107

110*2 F e b ’02

109

110*2

111*2112
1 0 7 * 4 ___
1 1 7 7 3 .....

M ay’Og
108% N o r ’01
11 8 * 2 M ay’02
109 *2 O ct ’99
109 J ’n e ’01

109

112

71*2 72*2

110
106*2
97
104

111*2

97
107

122

118 *2 120%

N o v ’01

101 *8 Sep ’99

122

121*2 122

M ar’02

102
103

102
103

109*2 J ’n e ’01
112 M a r ’02
112*2 J a n ’02
112 *2 A p r ’02
119
1 1 9 Sale 119
1 1 6 .......... 117 A p r ’02
103*2
103 103*2 103
100 J a n ’02
1 1 2 ____ 115 F e b ’02
1 0 0 * 4 ___ 100*4 100*4
105 ....... 106 D e c ’00
113*8 ........ 115 M ay’02
1 1 1 *2113 103 J a n ’98
1 3 1 * 4 ___ 1 3 0 *2 F e b ’02
1 2 5 ____ 124% A p r ’02
1 1 6 * 4 ----. 116% M ar’02
107*2

104%
104

99
111

102*2 102*2
103 M ay’02
100 O c t ’00
101*8102*4 102 M ay’02
111 J a n ’02

10234
111

112 118
112*2112*2
112*2114*2
118*4 122
11.0 117
1.00*2 103*2
100 100
115 115
100 101*2
114*2 1 1 6
128*2 130*2
1 2 2 124%
115 116%

B O N D S —C o n t in u e d o n N e x t P a g e .

G an a n d E l e c t r i c E i g h t
G a s a n d E le c t r ic E ig h t
Ch G L 6c O Co See P G & C Co
N e w a r k Cons Gas con g 5s 194 8
C olu m b u s G as 1 s t g 5 s ___1932 J - J
N Y G E L H Sc P g o s . . . 1948
C on n R y So L See S t r e e t B y
Purchase m oney g 4s. ..1 9 4 9
Con Ga.-, Co See P G So C Co
Ed El 111 1 s t con v g 5 s . . 1 9 1 0
D etroit C'u Gas g 5 s .........1923 J - J
5 92 4 9 8 4
1st co n so l gold 5 s ...........1995
98
9 8 4 98
98 4
D e t Ga ' < on ] s t g 5 s . . . 1918 F-A
N Y&Q El L<feP J s t con g 5sl.930
104 M ay’02
104 104
E d El III Rkjj See K Co E L Sc V
P a te rso n Sc P G Sc K g 5 s . 1949
Erl E f J- See : l C G Sc K L H So P
Peo Gas So 0 1st gu g 6 s . . 1904
Kq G L G Y 1 s t con g 5 s . . 1 932 M-S 118 122 1 1 8 4 O ct ’01
2d gu a r gold 6 s ...... ............ J904
Erj G rio Luci See P G So C Co
1 s t con gold 6 s .................... 1943
Gas Sc E le c B e rg Co C g 5 s . 1949 J-D
8 0 .......... 61 4 Oct ’01
R e fu n d in g gold 5 s .............1947
Gr Rap G L Co Jst. g 5s. . .1 9 1 5 F-A
107% D ec ’00
Ch G - L So C kc 1s t g u g 5 s 1 937
K C M o Gas Co ] s t g 5s. . .1 9 2 2 A-O
Con G Cool' Ch 1s t g u g 5 s . ’36
K in g s Co El LSo P g 5 s . . . 1957 A O
Kp ' * So F Oil Js t g u g 6 s. 1905
Purchase m oney 6 s ____ J997 A-O 124 .......... 123 J ’n c ’02 ___ 123 124
M 11 Find Gas I s t gu g 5 s. 1947
R'J EJ f l \ ’ V u 1st con g 4 s J959 J - J
,
98 4 .......... 98 M ay’02
97
98
T r en to n G So El Jst g 5 s . . I 049
1 jUe G a s L o f Gt. Ij 1 s t , g 5 s e J 9 J 9 Q- Fl 1 0 9 4 .......... 109
*’ R 1 0 7 4 1 1 0
J 09
U t i c a E L So V 1st s 1 g 5 s . 1950
M a t h ueJ Gas Co S e e Pe op Gas
I
1
* ; fo p rice Friday: l a t e s t bid and a sk ed tills week.
a Duo Jail d D u e A pr < Duo May h D 110 J ’ly Ic D uo
r

J -D
J -D ..........114
F-A
9 7 4 Sale
M-S 1 0 7 4 1 0 8 %
J - J 121 ..........
F-A 107 ..........
M-S
M-N 103 105
J-D 1 0 2 % ..........
A-O 1 2 0 4 1 2 2
M-S
J-J
110 ..........
J D 1074109
100
J-J
M-N 101 107
M-S
J -J
A ug

0 D uo Oct

114 J ’n o ’02
1124116%
97%
97% *39 95% 9 8 4
108 M ay’02
1064109
121% 121% " 3 121% 121%
107 J ’n e ’02
1 0 4 4 107 4
4
104
104
106 M ay’02
121 M ay’02
106 D e c ’98
110 4 J ’n e ’02
107% J ’n e ’02 —
105 A p r ’02
105 *2 M ay’02
109 F e b ’01

q D u e Deo

104 104
103 106
120% 126
109 1 1 0 4
107% 1 0 9 4
1024105
105 106

s O p tion s a le

Bond Record—Continued—Page 3

B 0N M
|^ « |
N. Y. STOCK fiXCHAKGE
H
W
&E££ ENDING JUNE 13
j ,i t i l l > V v
4

N l i S h V— f ( J O 'ilt
“

)|

[V ol. LXX1V.

RONDS
Week's
I Punge
I
Range or o ”
N. Y. STOCK EXCH ANGE ^.1
2
S in c e
Last Sale ^ 7 IJ a u n a r y 1
13
W eek E nbing J une 13
_lsii Low LIigk I A o j|Low High N Y C ent A H li—( C o n t i n u e d )

P ric e

PridtiLf
June
J

[125MMay’02' -,, J 12 5 1 * 127 h
2
Si# L Lf i v 1yl guid
ISI
77% 77%
76 I 77 h i Apr ’0
2 d gold 3a..... ................1980 M- S ;
Rem Ur Bdge lata £g 6a. lP3 1' ;V
1-S| . . . . . . . . . . . . JU3_ N o v ’99
'Y 2 99 101%
Kent ue ky Cc i1 gold 4 s .. 19871J - J 10 L ........ 1100% 10 O
1
Xee N oe M jb j 1 1yi g 4 1 9 4 a M S J 1 11% . . . . . . 1 1 0 EMar’02 — 110% 110%
i
*
112 114%
N Fla < S 1st gu g e s ... 1937 jF- A. 115% .......2114% Feb ’02
&
|
112 114
PelLd <> .4id laC gu g Oa. .1921 F-A| 114% 115 %114 AIay’02
&
S & N Alu. con gu g 5a.-19301F-A 114% .,., . . 1 1 5 P e c ’01
Sink turn! gold 0&.. . . . . 19101A-u I 110% . . . . . . . . . . . . . . . ____
L X J eft Bilge Cu gu g 4 q. . 1945 th S 99 ........ j1 00 Mar’01
j™
L N A & Oil 8 j O I & L
iiiion Coal ee L S & M S
104% 107%
104 % 104% 104% 104%
U fiiit till-LB consol la. 1990
O
....... ......... . 105% M&y’Ol
Registered.................1990
114 114% 114
114
U 3 " 114%
_
Metropol El la5t e Da_ 1908
Man S W Colon ia g 5 a ..., 1934
See N Y Gout
MeK’pt A B V MotToiiolilull El See Miiii Ky
34% 191 82
84% Sale 83
85
Mex Cfcni consol. gold 4s. .1911
33% 264 30% 30%
n\6
33 Sale
lac consol in cm g 3a.ic 19<59
Sale i i 58 22% 86 20% 25%
2d consol me on e g da..a 1939
hi
JblilL lp & co il g * 5a.__ 1917
L >
20 series gold 5 s.— ...1911
96 Sale 96
96% 50 90
96%
GoU tr g 4 %s lac S er.... 1901
90% P ly *61
84
Mex l nti-riutC lac con g 4 s. 1971
101 J W 0 2
iuo %ibi
JMex N nt 1st 0a Otis d tp .. 19 - >
O
M ix NcnJ 1st gold 0 s ... .1910 J-D 97 . . . . . . 105 May’O
tli
M idi Cent See N Y Cent
Mid of N J See Erie
Mil LB & W S ee Chic < N Y
fe
V
M il & Mad See Cliic & N W
Mil & North See Ch M & St P
145 .... 147% Jan ’02
147% 147%
Minn &, St L lac gold 7a.. 1927
118
118 121
118
118
Iowa Ex 1st gold 7 s._ 1909
_
127 .... 127
127
126% 127%
Pacific Ex 1st gold 0 s ... 1921
120%}.... 121 Jan ’02
121 121
South W est Ex is t g 7s. 1910
123 123% 123% 123%
120% 124%
1st consol gold 5a........ ..1934
103% 106
105 .... 105% 105%
la t and refund gold 4 s .. 1949
Minn & St L gu S ee B C R & N
M & P 1st 5s s tpd 4s int gu 1930.
103 Nov’Ol
97
M S S M < A 1st g 4 int gu 1926
&
98 A p r’01
M S t P A S S M con g 4 int gu ’3b
Minn Urn See St 1? M AM
19 98 101%
99 %sale 99% 100
Mo Kan A Tex la t g 4 s ...1990
2d gold 4a.......................p i900
84
84% 83% 84% 66 31% 84%
106% 100% 11 103 108
la t ext gold 5a............. 1944
86 Sale 85% 87% 117 85% 87%
St L Div 1st ref g 4 s__ 2001
102% ..... 102% May’02
102 106%
P al A Wa 1st gu g 5a... 1940
90% 92
Kan O A Pac 1st g 4 s ... 1990
90% 91% 90% J ’ne’02
104% 107%
2
105 .... 106 J ,ne’0‘
M K A T of T 1st gu g 5s. 1942
105% Jan ’02
101% 105%
Sker Sh A So 1st gu g 5s. 1943
Tebo A Neosho 1st 7 s ... 1903
111% .... 11 l%May’02
111 113%
Mo K A E 1st gu g 5s.......194:
110% .... 110% AIay’02
110% 1143
c
Missouri Pacific 3d7a....... 1900
123
123% 53 1 2 2 126
123 123%
1st consol gold Os............1920
Trust gold ’ s stamped.til917
5
107% 108% 108% 108% 6 106% 109%
R egistered................a l 917
1st coll gold 5s................ 1920
i0 7 % i0 8 ‘ id s*"“ i o s ” ” 5 ioe” ibs%
93 %Sale 9 3 % 9 3 % 20 91% 95
Cent Br Ry 1st ga g 4s. 1919
Leroy A C V A L 1st g 5s 1920
100 Mav’Ol
2 104% 107%
106
106 Sale 106
Pac R of Mo 1st ex g 4 s .1938
*116 116% 116% 116% 4 114 116%
2d extended gold 5 s ... 1938
26 llo% 120
*110 %117 %116% 117
St L Ir AtA Sgcri con g 5s 19 31
115% P e c ’01
Gem con stamp g td gos 1931
........ 116
“
Unified A ref gold 4s.. 1929
94% Sale 94% 94% 15 92% 95
Verdi V I A W 1st g 5s. 1920
1 0 3 % ......
Miss Riv Bridge S ee Chic A Alt
O
Mob A Birin prior lien g 5s 1945
112% ..- 110% J ’l y ’O
Mortgage gold 4 s ......... .1945
93
93%
00%----- - 93 Apr’02
? 87 . . . .
97 A pr5
Mob Jack A K C 1st g 5 s.1946
02
97
97
1 129 132
129 . . . . 129
Mob A Ohio new gold 6s.. 1927
1.29
1st extension gold 6s.. lx 1927
126 130 127 E e b ’0 2
127 128%
99 . . . . 100 Alay’02
General gold 4 s
........1938
98 100
117% 20 114 118%
1 1 6 % .... 117
Montgom P iv 1st g 5s.. 1947
9 2 % ....
99 Oct ’01
St L A Cairo gu g 4s_ 1931
_
100% ....
Cbilateral g 4s_____ £19 3 0
95% Nov’01
M A O coll 4s S ee Southern
Mohawk A Mai S ee N 1' C A H
Monongahela Riv See B A O
Mont Cent S ee St P M A A
1
Morgan’s La A T S ee S P Co ....
Morris A Essex S^Pe-l L A W
128 4_.
ash Chat A St L is t 7s, 1913
128% 129
126%129
1st consol gold 5s........ 1928
114 114% 114 May’02
114 116
119 . . .
Jasper Branch. 1st g 6 s ,. 1923
113 D ec’99
115% ...
McM AI W A A 11st 6s.. 1917
T A P Branch 1st 0s_ 1917
_
111 P e c ’99
N ash Flor A She! S ee L A N
Nat of Alex prior lien 4%s.l 926
103% 104% 104
1 102 104
104
1st consol 4s........ ...........1951
79
79% 79
79% 13 79
81%
N e w M A P S e e N Y N H .A H
N J June RR S e e N Y Cent
N ew A Cin Bdge S ee Penn Co
N O A N E prior lien g 6s #1915 A-0
N X Bkln A Man Bch See L I
N Y Cent A P R 1st 7 s ...1903
104%....... 104% May’02
103% 104%
Registered............... ...1903
104%....... 104 % 104% 10 i 03% 104%
Gold mortgage 3 %s........ 1997
108% . . . . . 108% 108% 9 108 109%
Registered.______. . . . .1997
105 . . . . . 108% Apr’02
108% 109
103%....... 103
Pebentnre 5s o f ...1884-1904
103
102%104
103 . . . . . 102% Apr’02
Registered........ .1884-1904
102% 103%
102% ....... 109% S ep ’97
Regist deb 5s o f...1889-1904
Pebentnre g 4 s_ 1890-1905
_
100 101 101% Apr’02
ib i %ib i %
Registered.......... 1890-1905
100 ior 100% J a n ’02
1 0 0 %1 0 0 %
Debt certs ext g 4 s ..___1905
100%101 100% 100%
1 0 0 %1 0 1 %
Registered.................... 1905
ioo%ioi 100% Nov’01
Lake Shore coll g 3 123 . .. 1998
95% Sale 94% 95% 63 “9 4 % ”98
Registered.
........... 19 §8
10 93
93
93
96%
Mich Cent coll g
___1998
93% 97%
......... 93% 94% May’02
Registered.................... 1998
93% F eb’02
93
96
Beech Creek 1st gu g 4 s .1936
111% Sep ’01
i o 8 “ ;:r
Registered....................1936
106 J ’ne’98
117%.
2d gu gold 5s.......... ...1936
Cart A Ad 1st gu g 4 s ... 1981
103 0
Clearheld Bitum Coal Gorp
1st s f int grig 4s ser A 1940
93
93
95
95 Apr’02
Gouv A O sw e lstg u g o s 1942

M

N

P r ic e
F r id a y
J u n e 13

W e e k 's
P a n g a or
L a s t S a le

i B onas
1S o ld

1242

Range
S in c e
Ja nuary 1

B id
A s k Low
H i g h A0 L o w L lig h
J
...... ......
Molt A Mai 1st gu g 4 s .-1991 MS 108%........ | 107 % ’ly ’00
i
,,
income 5s......................1992 v
108 Im c’ol
N j June U gu 1 s t 4 s,..1980 F- A
Registered................... .1986 F-A
£05 %^ ov?
Ol
A-O 102
N Y A Pu 1st eon gu g 4s 1993
Nor A -Mont 1st gu g 5s. 1910 A-0
West Shore 1st 4s g u .. .2361 J-J 115%........ 115% 115% In 112 116%
Registered..........
2361 J-J 113% Bale i113% U |k 20 112% 115%
f!|
4
Lake Shore consol 2d 7s. 1903 J D 1041 ........ 107% Apr’02 ,,,r■ 107% 107%
Registered..... .............190S J-D 104%........ 104% May’02 .... 104% 107%
.p
Gold 3%s........................199" J P 104%........ 109% May’Or , , S 108 109%
11 0 C Mar’O
M
Registered................. 1997 J -D
P et Moh A Tol 1st 7s, 1909 FA 113 ........ 114 Feb ’02 . ' 114 114
Ka A A G R 1st gu e 5 s. 19 38
.............. 127% F eb'02
127% 127%
Mahon CT RR 1st 5 s..1934 J-J
Pitts McK A Y 1st gu 0s. 1932 J - J 140%__ _ 146% Apr’01
_
2d guar 0s____ _______ 1934 ) J 131 ~ _ _
J - J 126%........
j'1
M-S 115%-....... 118% P e e ’til . S
I-S 126 130 1 30 May’02 .... 128% 132%
.......... ...1931 IV
03.
02
180 130
Q-M 127%........ 130 Jan 1
Registered, ............... 1931
J J 1 1 0 %........ 110 L ee’01
4s.
106% Nov’00
J-J
Registered............. .
........ - ........
.........
3
...... ......
J L A S ! st g 3%s...........1951 M-1 . . . . . .
Bat O A Stur 1st gu g 3s. 1981 J - D
. . . . . . . . . . . . 115% May’00 .... . . . . . . .
N Y A Harlemg 3%s...200l M-N
________
Registered...... .........2001 M-N . . . . . . . . . _ ................. .
121% May’02 .... 121 %121%
N Y A North 1st g o s... 1921 A-O ........ 123
R W A () con 1st ex ids. h 192 A-0 * 123%....... 123% May’02 .... 123% 127%
Oawe A It 2d gu g 5 s ...^19If F-A . . . . . . . . . . . . 113% J a n ’02 ..... Li 3% 114%
l-N
It W A O T It 1st gu g os.191h W
110% No v’01 __ ________ _
Utica A Blk Riy gu g 4 s . 1922 J - J . . . . . . i i i
I
A-O 105 %Sale 105% 105% V i()5% lb s
N Y Chic A St L 1st g 4s. 1937
107 P e c ’01
Registered...................... 1937 A-O
N Y A Green w Lake See
N Y A Har S ee N Y C A Hud
N Y Lack A W See P L A W
N Y L E A W S ee Erie
N Y A Long Br S ee Cent of N J
N Y A N E See N Y N H A H
J-P 10 0 1 0 0 %100 P e c ’Ol
1 Y N H A Har 1st reg 4s. 1
204% 214
A-0 215 . . . . . . 214 Apr’02
Convert deb certs 81,000.
212% Apr ’02 __ 207 212%
Sm all certs*8100..................
i _2% i'3 5 %135% Jan ’02 ___ 1 135% 135%
3
M-N
M-N
J-J 1 0 8 % ...,.. 114 Jan ’00 __
J-J 105%........ 106% Mar’02 .... I06%i06%
N Y A North S ee N Y C A H
M S 103% 103% 103% 103% 9 103 105%
101 %Nov’98
Y S
lN Y A Put S ee N Y C A Ii
N Y A R B S ee Long Island
N Y S A W See Erie
N Y Tex A M S e e So EUc Go
116%116%
116% Mar’02
Nor A South 1st g 5s........ 1941 M-N
134
i 134 135%
Norf A West gen g 6s.......1931 M-N 133 ........ 134
F-A 132 ........ 1:53% May’02 , . .. 132 185%
Improvein’t A ext: g 6 s.. '
135% Mav’02 .... 185 135%
A-0 i*130
11 10 i %104%
A-O 101% Sale 101% 102
100% 100%
100% Jan ’02
A-O
92% 298 92
92%
92% Sale 92
J-D
j . tr 109
107% J ’ly ’0]
CCA T 1st gu g 5s.
M-N 101% 102% 102 J ’ne’02 .... 101% 104%
North Illinois S e e Chi A N Y
North Ohio S ee L Erie A Y
Y
Northern Pacific—
Q-J 105 Sale 10434 1 0 5 ^ 227 104% 106%
2 103% 105%
104
104
Q-J
68 73
75%
Q-E 74 Sale 7:13.1 74
72
75
Registered....... _ U2047 Q-F ••***• •••••• 72 Apr’02
_
C B A QcoIltr4s
102% May’02 . ... 100 102%
J-D
J -D
129% May’02 __ 129% i 29%
F-A
132 J ’l y ’99
Q-F
_
122 Apr’02 _ 121 122
F-A
110% 112%
111%J ’ne’02
A-O
J-D Y 99%........ 1.00 Jan ’02 .... 100 100
1st consol gold 4 s. . . . . .
94% 94%
Q-M ........ 94% 94% F eb’02
J-J 118% ........ 119% May’02 - . 115 119%
Nor Ry Cal S ee So Pac
Nor Wis S ee St P M A O
Nor A Mont S ee N Y Cent
Ind A W See C C C A S1
hio River RR l s t g 5s. 19 J -P 115 118 112% J’ne’01
A-0 n o 1 1 4 108 J’ne’02 . ... 108 110
Ore A Cal See So Pac Co
Ore RR A Nav S e e Un Pac
Ore Sliort Line S ee Un Pac
Oswego A Rome S ee N Y C
O C F A St P S ee C A N W
113% J ’ne’02
112 114%
ac Coast Co 1st g 5 s ,...1941 J-P -------- 112
ac of Missouri S ee Mo Pac
A-O 102% 104 102%May’02
102% 102%
Panama 1 st s f und g 4 %s.. 1911
101% 102
Sink fund subsidy g 6s.. 1911 M-N 9 9 % ...... 102 Apr’02
111% 113%
J-J 113 113% 113% J’ne’02
J-J 112%........ 112% 112% 1 111% 112%
M-S 96
102 Nov’9 8
96% 97% 97% May’02 . ... 97% 99
Guar 3 %s coll tr ser B ... 1941
A-O 1 2 1 % ...... 122% May’02 . ... 122% 123
C St L A P 1st con g os.H
A-O
Registered. ................li
J-J 122%........ 121 Oct ’00
Cl A P gen gu g 4 %s ser A .
A-O 121%........
Series B . . . . . . . ............. li
M-N 102% ........
F-A 103% ........
..
. ... . . . . . . . . . . . .
J-J 102%........ 102 Nov’O
O
J-J
. . . . ............
J-J
A-O 114%........ 115
115
A-0 114%_ _ 114% Apr’02
114% 115%
Series B g u a r ..._
_
_
M-N 113 . . . . . . 116% Feb’01
Series C guar..........
M-N 106 .
106% Nov’01
Series P 4s guar....
F-A 97% Sale 97
97%
97% 10 97
Series E 3% guar g.
J-J 132 Sale 132
132
4 130 132
J-J 132 . . . . . . 131% May’02 . ... 130 131%
A-0 127 130 130 Apr’01
3d 7s............. .........
Ii6% ii6%
M-N 109 . . . . . . 110% Mar’02
Penn RR 1st real est i
■
0J-J

O

P

I>IISCE-LIjANEOUS BONDS—€ontimie«I on Next P age
T e le g r a p h an d T eleph one

Am Telep A Tel coll tr 4s 1929
Comm Cable Co 1st g 4 s ..2397
Registered.. . . . . . . . . . . . . . 2397
Erie T A T col tr g s f 5s. .1926
Met T A T 1st s £ g 5s.. ...1918
Mut Un Tel Co S e e YYestn Un
N Y A N J Tel gen g 5s.. 1920
No Westn Teleg See- West U n
W est Union col tr cur 5s. 1938
Ed and real est g 4% s...!950
Mut Un Tel sfund 6 s ...1911
Northwestern Tel 7 s ....1904
C oal and Iron

C oal and Iron

J-J
Q-J

Col F A I Co gen s f g 5s.. 1943
_
Convertible deb g 5 s_ 1911
P e Bardel C A I S e e T C A I
Gr Riv Coal A C l s t g 6 s .. 1919
Jeff A Clear 6 A I Iw g 5s. 1926
St
2 d gold 5 s........................ 1926
Kan A H C A C 1st s f g 5s. 1951
Pleas Val Coal 1st g s f 5s. 1928
112 113% Rock A Pit C A I pur m 5s. 1946
6 106% 109% Tenn Coal T P iv 1st g 6sm l917
Birm P iv 1st consol 6s.. 1917
110% 113%
Cah C M Co 1st gu g 6s-1922
Pe Bar G A I Co gu g 6 s.1910
Wli L E A P C Co 1st g 5s. 1919

Q-J

J-J
M-N

100 Mar’02 . . . . 9 9 %1 0 0 %
100% Apr’02
1 0 0 %1 0 0 %
100% O ct....
109 Oct ’99
114% Apr’02 .... I i’4% ii4%

W
l-N

113% Oct ’01

J-J 112
iV
I-N 105
W
1-N
J-J

. . . . . 112% Max’ 2
!)
107 107
10"
110% May’02

Cali Coal Min S e e T C I A R
Clearf B it Coal S e e N Y C A H
Col C A I Dev Co gu g 5s. 1909 J-J
55 Nov’00
Coi Fuel Co gen gold 6 s ... 1919 M-N 109% ..__ 115 Apr’02 — i l 2 115
* No price Fridayi latest bid and asked this week, a Due Jan e Due May

F-A 105%........ 105% 105% 13 103 106%
F-A 103% Sale 103% 104% 617 1 0 2 %1 1 1 %
!1 0S 108
A-0
108 Jan *02
J-D io s *:
: 107 May*97
J -D
80 Ylav’97
- :::::: ::::::
J-J 104 %........ 10 6 %Feb ’02
10.6 106%
J-J
105 Oct ’00 .... 1 *’ *” "*
M-N
108 1 1 1 %
A-0 1 1 0 1 1 1 %i i o
1:16 ’ 2 1
J-J 1 1 2 %........ 112% May’02 . . . . '109 1 1 2 %
J -D
105 Feb *00
102% May’02 .... 101% 104
F-A
J-J
82 Jan *00

M an u factu rin g ifc Industrial

Amer B joy ole s f deben 5s 1919 M-S
Am Cot Oil ext 4 %s. . . . . . . 1915 Q-F
gDae> J ’ne h Due J’ly
j Nov

27
66
........ 65%
66
1 0 0 %Sale 10 0 % 1 0 0 % 10
£ Option sak\

50
78
99% 101

In V st
P erio d !

BONDS
N . y . STOCK E X C H A N G E
w rick e n d i n g .tunic 13

Price
F rid a y
Ju n e 7.7

Week'*
P a n ye or
Ltytit Sale

*
9
'2 n-

P anye
Since
ap/j J a n u a r y I

J /iy h An Low I l i y h
K id
A ti/c Low
P e n n H K - f C o n tin u e d )
1 0 4 S a le 1033,1 1 0 1
23 7 103% 1 0 4 '2
W a r r a n ts e o n v 3 %h 30% pal 1
Con c u r r e n c y 6 s r o g . . .f/19U
C o n so l g o ld o s .................. .191 1 M s
C o n so l g o ld 4 s .................. 194 ; m m 1 1 4
>1 I K 107
W
102 N o v ’97
1 123.1 M a r’00
I
C l A .Mar 1s t g u g 4 % s.. 191 * IV N
• 1(CA 105
2
11 1*2 111*2
I J 11 2 *2.......... 11 l *2 M ar’0 ‘
) I . .1 103 ..........
117 M ay’0 0
M-S 115
P e o A E a s t (See C C (J ifc S i E
A . C 125 . ..
P o o & P e k U u 1 s t g 6 s ___
*2d g o ld 4 %s........................ b
iV|-N
P e r e M a rq — F A; P J L g 6 s .
V
) AO 1244126
..........
►
M-N 1 1 1
1 a c\ 114 S a le
S a /rT u sifc H l s t g u g 4 s . 1931 fp_ A
1 1 -D

130*4 F o b ’0 2
1 3 0 130*4
101
O c t ’0 0
124*2 A p r ’0 2
124 125
112
M a y ’0 2 ___ 112 1 1 5
11 4
11 4
5 1.13*2117
137

N o v ’97

j
* A-O 1 2 2 .......... 107 *2 O ct ’9 8
)
l T 1 124*2
12 0 O ct ’01

P it t a F t W & C h See
P it ta J u n c 1 s t g o ld 6 s.
P i t t s <te E E r ie 2 d g 5 s

...........

5 A -0
1

114

) \_ o

.......... 121 M a y ’02
9 8 J ' l y ’97
2
102
101*4 102h> 102
.......... 101*4 101 A p r ’02 . . . .
111 J ’n e ’U2 . . . .
100*8 112
1 0 0 S a le 100
92 A p r ’01
96*4
96*4 21
96*4 S a le

..........

120

1 s t c o n so l g o ld 5 s .............. 1 943 >
P i t t s s$ W e s t 1 s t g 4 s ........ 1 917 ' J - J
c
J P M <fc Co c e r t f s ............
M-N
e a d ln g Co g e n g 4 s.
t J -J
K R e g is te r e d ................
199' J - J
J e r s e y C e n t c o ll g 4 s . . . 195 A -0
R e n s s e la e r <fc S a r See 1) <fc 11
R ic h & D a n See S o u th R y
R ic h
M e e k See S o u th e r n
R io Gr W est 1 st g 4 s .......... 193! ) j - j 101*2 1 0 2
C o n so l a n d col t r u s t 4 s .194! ) A -0
93*4 95
U t a h C e n t 1 st g u g 4 s . a l 9 1 ' A -O
9 3 * 2 ..........
R io G i J u n c 1 s t g u g 5 s . . . 193: ) ,r .n 111%
R io g r S o 1 s t g o ld 4 s .......... 194' 1 J - J
.......... 84
1 J -J
R o c h & P i t t s See B U & P
:
R om e W at
O g See N Y L
R u tla n d 1 s t c o n g 4 % s___ 1
J -J
. . . . . . 114*2
R u t-C a n ad 1 st g u g l ^ s . l
* J -J
S a g T u s ct H See P e r e M arq
a lt B a k e C 1 s t g a f 6 s .."
1 J -J
S t J o & G r Isl 1 s t g 3 - 4 s ..
98*4 S a le
J -J
3 J- J
3 A -O
S t E <& C airo See M ob <fc Olii )
S t L & ir o n M o u n t See M P
S t E K C & N See W a b a sli
S t E M B r See T R R A ot S t J
S t L & S F ra u 2(1 g 6 s C l B 190 3 M-N 1 0 7 * 2 1 0 9
2d g o ld 6 s C la ss C ............ 190 3 M-N 107*2 109
1 3 1 34 1 3 3
J -J
J -J 117 119
S t E<fc S F R R g o ld 4 s .
J - J 1 0 0 ..........
S o u t h w D iv 1 s t g 5 s .
A -O
R e f u n d in g g 4 s ______
J -J
9 7 *2 S a le
M-N 1 2 5 * 0 ..........
3 A -O
91 S a le
5 A-O
S t E o u is S o See I ll in o i s C en t
>M-N
99*2 S a le
J -J
8 6 * 2 87
T r u s t Co c t f s .................... ........
* 81*4 8 l a4
G r a y 's P t T e r 1 s t g u g 5 s 194' J -D 1 0 0 ..........
S t P a u l & D u l See N o r P a c it r
S t P a u l M & M an 2d 6 s . . . 190! ) A-O 1 1 4 * 4 ..........
1 s t c o n s o l g o ld 6 s ..............1931 J - J
1 4 0 ..........
R e g is t e r e d ........................193; J - J 1 3 9 * 2 ..........
R e d u c e d to g o ld 4 % s ..l9 3 ; J - J
11434 1 1 5 * 2
J -J
D a k o ta e x t g o ld 6 s ..........
) M-N 1 1 5 ..........
M o n t e x t 1 s t g o ld 4 s ___ 1 9 3 7 J -D 1 0 5 * 2 ..........
R e g is t e r e d ........................ ;
1J -D
E M in n 1 s t d iv 1 s t g 5 s . .
A -0 1 0 6 * 2 ..........
R e g is t e r e d ........................
) A -0
5 A-O 1 0 6 * 8 ..........
M in n U n io n 1 s t g 6 s .
J -J
M ont C 1 st gu g 6 s ...
1 9 3 7 J - J 1 4 0 * 2 ..........
R e g is t e r e d ........................ 1 9 3 ‘ J - J
J - J 1 2 3 * 2 ..........
W ill & S F 1 s t g o ld 5 s . . l 9 3 i 3 J -D 123 ...........
S t P & N o r P a c see N o r P a c
SA & A P

T

See S o u th e r n

2 d g o ld 7 s ................
M e x <fc P a c 1 s t g 5 s.

12 1

121

10 0
101
111
97*2

102
101
111
100%

95%

98

5 1 0 0 10234
9 2 34 9 5 34
97 ‘ 97
112% 115%
8 2 ' 82%
91
94%

101*4 N o v ’01
98

98*4

3

107*2 M a y ’09
1 0 7 M a y ’02
131*2 J ’n e ’O . . . .
1 1 8 M a y ’02 . . . .
9 9 J ’n e ’02
1 0 0 J a n ’02
4
97
97*2
123*2 D e c ’01
9 0 7e
91*4 73
99*4 100*4 119
87
87*2 45
81% J ’n e ’02
115*2 115*2
14 1 A p r ’02
1 4 0 M a y ’02
115*2 115*2
1 1 6 *8 A p r ’OL
115% M a y ’02
1 0 7 34 M a y ’02
1 0 6 M a y ’01
106% J ’n e ’02
1 2 8 A p r ’02
14 L*4 A p r ’02
1 1 5 A p r ’97
124*2 124*2
1 2 5 *2 F e b ’02
111
I I 334
128
123
95*4
110
87
93

95

9 8 34

107% 111%
1 0 7 110%
131*2 1 3 4
115 % 1 1 8
96 100
10 0 1 0 0
96*2 98%
9034 9 4 34
96*8 1 00%
77
88 '
80% 8 1 34

24 1 1 4 * 2 1 1 7
___ 137-% 141*2
139 140
1 0 1 1 4 115%
___ 115% 118*6
1 0 6 10 9
106% 1 0 7 *2

140% 141*4
1 124*8125
... 124% 1 2 5 *2

A u g ’01

J -J
A -0 1 2 9 * 2 ..........
A -0 1 1 4 * 4 ..........
J - J * 9 5 ..........
M-N 1 1 0 ..........
J -J
9334 ..........
J -J
9 3 ...........

S h e r S h r <fe So See M k
S il S p O ca <fc G

R e g is te r e d

1.02
9334 MayT)2
97 J a n ’0 2
114 M a y ’0 2
82*2 A p r ’02
94*4 M a y '02

M-S

See S o P a c Co

A la M id 1 s t g u g o ld 5 s.

S o C ar & G a

1243

Bond Record—
Concluded—Page 4

J u n e 14, 1902.]

D e c ’01
D e c ’01
D e c ’99
N o v ’01
M a y ’02
A u g ’01
A x ir’02

A -0
M-N
J -J
J -J

8 5 34 8 6
85*2
8 5 34
103*4 S a le 1 0 3
103*4
1 1 4 * 4 .......... 1 0 4 34 F e b ’9 8
9 6 34 ........... 96*4 M a r’0 2

J -J

103

J -D
J -D
J -D
J -J
F -A
i| F -A
J -D
J -D
> F-A
|
.1905 J -D
M-N

.......... 10 0

110
89%

110
93*4

25 8 4
87%
35 102% 1 0 5 *2
96*4

96*4

D e c ’01 ___

99*2
99*2 1 4 9 9 101%
96
92*4
92% 1 2 9 92
9 5 A p r ’0 2
94% 9 5
111 J ’n e ’O 1
1 0 2 78 1 0 3
102*2 10 3
93 101*4 1 0 4
99% J ’n e ’OO
S I % 88*8 8 7
87*2 1 0 0 8 7
89*8
99*4 9 9 7s
92% S a le
. . . . . . ..........

111 *2 112*2 111% 111%
1 10934 1 1 2
104
.......... 10 8 M a r ’0 2
108 1 0 8
10734 .......... 110*4 A p r ’02 — 109*2 110*4
M IS C E L L A N E O U S

BONDS
N . Y. STO CK E X C H A N G E
W icick E n d in g j u n k 13
S o u th e r n P a c Co- (C o n tin u ed )
(Mia V G A N 1s i g n g 5 s . 1 924
1Io n s E A. W T isi- g 5 m. 19:;;;
I mI, gu g f>H r e d e e m a b le .. 19 3 3
i 1 £ T ? ’ J H g 5 h Inf g u .. 1937
i( !(>usel g (»h In I g u a r . ..1 9 1 2
( i(Mi g o ld 4 h ini- g u a r . . 1.921
W a co A N W d l v 1 hI g Oh ’30
',
M o r g a n 's l-a As T 1 s t in . 1918

rj -X
* ,

In N
*
^ n*

Price
F rid a y
June V i
H id

Wcr/c’s
P anye or
Lant Sate

Ante Low

1
* r «I
*H

J in n y c
S ince
A '/> j J a n u a r y 1

Jiiyli No\ Low

M-N . . . . . . . . . . . . 108 M uy’02
.......... 106 JiYb'02
M-N * 1 0 7
..........
M-N *103
.] J 1 12 * 4 .......... ) 1 2 %J •hi ;'02
1 1 0 ‘2 M a y '02
A O 110*2 . . . .
95
9534 91 ‘2
94 % i
A-O
127% F eb 0 2
M N
A-O 1 3 2 % .......... 133% M uy’02 - *• •
J J L23 • ........ 123 % F eb ’02
N V rl\V; M ex gu 1 hI-g 4 h. 1 9 1 2 A -0
N < of ( Jal 1hI, g u g 6 s . __19 0 7 J - J 109
»
( \ uarant eod g o ld 5 s
1938 A O
1 17 * 2 .......... 113 J an ’01
O re A- ( !al 1 st g u a r g 5 m 1927 J J 1 0 2 .......... 105% N o v ’01
90%
91
45
S A As A PaHH 1 nt g u g 4 h . 1 94 3 J J * 9 0 *2 91
S o P of A r g u 1 ht g Oh <51909-10 J -J 1.13 .......... 114% M uy’02
S P of C al lnt, g 6 s ........ 1905 A O 105*2 1 0 6 % 105 *2 J ’n e ’02 . . . .
106 % .......... 108 D e c ’01
I hI g 6 h s e r ie s B
1905 A O
1 nt g Oh s e r ie s (' & D . 1 9 0 0 A O 10 7 2 .......... 110% J a n ’02
..........
] st, g Oh s e r ie s E As F . 1 9 1 2 A -0 117
119%
6
1 s t g o ld 6 s .................... 1 9 1 2 A-O 1 1 9 % S a le 119%
107 N o v ’OO
1 s t co n g u a r g 5 h ..1 9 8 7 M-N
S t a m p e d ........ 1 9 0 5 -1 9 3 7 M-N 109% S a le 109% 109% 53
116*4 A p r ’02
8 P a c of N M e x 1 s t g 6 s 191 1 J - J
S P C o a st 1st g u g 4 s ..1 9 3 7 j - J
108 M u y’02
T e x tfc N O 1 s t 7 s
..1 9 0 5 F-A
.......... 114% F e b ’02
S a b in e D iv 1 s t g O s___ 1 9 1 2 M-S i l l
C on g o ld 5 s .
.......... 1 9 4 3 J - J * 1 0 7 .......... 108% J ’l y ’Ol
1 2 3 % S a le 123% 123% 19
S o u th e r n —1 s t c o n g 5 s -----1994 J - J
. . . . . . . . . . . . 12 2 % J a n ’02 . . . .
R e g is t e r e d ........................ 1 9 9 4 J - J
98
9 9 *2 98% J ’n e ’02 . . . .
M o b & O h io c o ll tr g 4 s . . 1 9 3 8 M-S
1 1 5 .......... 11 5 M a r’0 2 . . . .
M ein D iv 1st- g 4 % -5 s.. . 1 9 9 6 J -J
lGi)-}4 .......... 101 J ’n e ’02
S t E o u is d iv 1 s t g 4 s
1951 J - J
.......... 1 2 0 M a r’01
A In. Oen It 1 s t fr 6 s
1918 J - J 119
9 8 *2 S a le
98%
98%
8
AM As D a n v 1 s t g 4 s ........ 1 9 4 8 J - J
9 8 ..........
_Atl A- Vad 1 s t g g u a r 4 s 1 9 4 9 A -0
( !ol ^ G r e e n v 1 s t 6 s
191 6 J - J 1 2 1 34 .......... 12 1 J ’n e ’01
11834 .......... 1 1 9 M a y ’02 . . . .
E T Y a <fc G a D iv g 5 s . . 1 9 3 0 J - J
4
122
C on 1 s t g o ld 5 s ............ 1 9 5 6 M-N 121 .......... 12 2
117*2 117% J ’n e ’02
E T e n re o r lie n g 5 s ........ 1 9 3 8 M-S 1 1 7
M- S
2
G a P a c R y 1 s t g 6 s .......... 1 9 2 2 J - J *128 i2 9 * 4 1 2 8 M a y ’0 ‘ . . . .
K n o x A; O hio 1 s t g 6 s
1 9 2 5 J - J 1 2 6 % .......... 125 J a n *02
12 1 34 1 2 3
122 M a y ’02 . . . .
R ich As D a n c o n g 6 s -----1 9 1 5 J -J
M-S
101*4 J ’ly ’00
D e b 5 s sta m p e d
1 9 2 7 A -0 i 11 * 4 .......... 111% M a y ’02
90
.......... 9 0 M a y ’02
R ich fr. M e e k 1 s t g 4 s
1 9 4 8 M-N
S o C ar A; G a 1 s t g 5 s ___ 1 9 1 9 M-N 1 1 0 % .......... 110 J ’n e ’0 2 . . . .
V ir g in ia M id s e r D 4 -5 s 1921 M- S 1 1 2 115% 10 2 O ct ’99
S e r ie s E 5 s
1 9 2 6 M- S 1 1 4 * 4 .......... 1 1 4 S e p ’01
4
G eneral 5s
. . .1 9 3 6 M-N 1 1 5 % .......... 115% 115*2
116% D e c ’01
G n ar sta m p e d
1 9 3 6 M-N
9 8 A p r ’02 . . . .
93% . .
W O & W 1 s t c y g u 4 s . .1 9 2 4 F-A
1 2 0 % ......... 120% M a y ’02 . . . .
W e s t N C 1 s t co n g 6 s . . 1914 J - J
S & N A la See L<& N
125 .......... 117 J ’l y ’OO
S p o k F a lls
N o r 1 s t g 6 s . 19 3 9 J - J
J -D
S u n b & L e w See P e n n R R
S y r a B in g & N Y See D L & W
r|* e b o & N See M K & T
I er A of S t E 4 s t g 4% s 1 9 3 9 A-O 1 1 1 * 2 .......... 114*2 M a r’0 2
1 st. co n g o ld 5 s
4 894-1 9 4 4 F -A * 1 1 6 % .......... 1 1 6 %M a r ’02
S t E M B g e T e r g u g 5 s . 1 9 3 0 A-O 1 1 3 .......... 115% M ay’02 . . . .
T e x <fe N 0 See S o P a c Co
10 4 F e b ’01
T e x A; P a c E D iv 1 s t g 6 s 1 9 0 5 M- S 1 0 3 1 0 5
9
119*4 11934
1 s t g o ld 5 s
...
. 2 0 0 0 J -D 1 1 9 1 2 0
9 8 100
98% J ’n e ’02
2d g o ld in c 5 s .................... # 2 0 0 0 M ar
111 J ’n e ’01
L a D iv B L 1 s t g 5 s
1931 J -J
il4
115
1 1 4 J ’n e ’02 . . . .
T o l <fe 0 C 1 s t g 5 s ................ 1 9 3 5 J - J
W e s te r n D iv 1 s t g 5 s
1 9 3 5 A -O 1 1 0 % .......... 112% N o v ’01
1 0 9 M a y ’02
G e n e r a l g o ld 5 s
1 9 3 5 J -D 105% 1 0 9
95
97% 94*2
2
94%
K a n & M 1 s t g u g 4 s . . . . 1 9 9 0 A -0
93
93% 9 3
1
93
T o l P & W 1 s t g o ld 4 s . . . . 19 1 7 J - J
91% 92% 92*4
5
T o l StL<& W p r lie n g 3 * 2 8 .1 9 2 5 J - J
92%
83% 12
82*2 83% 8234
5 0 -y e a r g o ld 4 s .................. 1 9 5 0 A -0
97
99% 9 7 J ’n e ’02 . . . .
T o r H a m & B u ff 1 s t g 4 s.7 i.1 9 4 6 J -D
111% J ’n e ’02
I l i s t e r & D e l 1 s t co n g 5 s 1 9 2 8 J -D 110% . .
105% S a le 105% 106% 55
U n P a c R R & 1 g r g 4 s . . 19 4 7 J - J
1 0 5 *4 M a y ’02
R e g is te r e d .
1947 J -J
1 s t lie n c o n v e r t 4 s .......... 1 9 1 1 M-N 107% S a le 107% 107% 1208
1 0 6 A p r ’02
R e g is te r e d
1911 M-N
103% 4 1
O re R y & N a v co n g 4 s 1 9 4 6 J -D ib"3 S a le 1 0 3
3
127
O re S h o r t L in e 1 s t g 6 s . 1 9 2 2 F-A 126% 127% 1 2 7
3
1 st con sol g 5s
. 1 9 4 6 J - J 118% 119% 1 1 8 34 11 9
114
117% J ’n e ’01
U ta h & N o r 1 s t 7 s
1908 J -J
114% A p r ’U2
G o ld 5 s ........
1926 J -J 113 116
U n i N J R R & C C o See P a R R
U ta h C e n tr a l See R io G r W e s
U ta il & N o r t h See U n P a c ific
U t ic a & B la c k R See N Y C e n t
\T e r V a l Jn d & W See M o P
V ir g in ia M id See S o u th R y
16
\ \ J a b a sh 1 s t g o ld 5 s ........ 1 9 3 9 M-N 119% 120% I I 934 1 2 0
8
VV
2 d g o ld 5 s .................... 1 9 3 9 F-A 1 1 1 % 1 1 2 * 4 111% 112%
1 0 2 * 4 .......... 1 0 2 A p r ’02
D e b e n tu r e s e r ie s A . . . 1 9 3 9 J - J
S e r ie s B .............................. 1 9 3 9 J - J
77% S a le
74
78% i s i i
1 0 5 34 A p r ’02
1 s t lie n e q u ip s fd g 5 s 1921 M-S
D e t & C h E x t 1 s t g 5 s . . 1941 J - J
i i i * 4 .......... 111*4 M a y ’02
97 M a v ’02
D e s M o in D iv 1 s t g 4 s . . 19 3 9 J - J
9 5 * 2 ..........
8
Om D i v 1 s t g 3 * 8 .^ ........ 1 9 4 1 A C
2
87*2 8 9
88%
88%
9 8 M a r’02 . . . .
T o l & C h D iv 1 s t g 4 s . . . 1941 M -S
S t C h as B r id g e 1 s t g 6 s . 1 9 0 8 A -O 1 0 9 .......... 1 1 0 M a y ’02 . . . .
W a r r e n See D e l E a c & W e s t
W a sh C e n t See N o r P a c
W a s h O & W See S o u th e r n
5
121% S a le 121% 121%
W e s t N Y & P a 1 s t g 5 s . . 19 3 7 J - J
G e n g o ld 3 - 4 s ...................... 1 9 4 3 A -0
8
98*4 99% 9 9
99%
35
4 0 M a r ’01
I n c o m e 5 s .......................... <71943 N o v
W e s t N o C ar See S o u th R y
W e s t S h o r e See N Y C e n t
1 1 4 % .......... 114% J a n ’0 2 . *• .
W V a C e n t <fe P 1 s t g 6 s . . 1931 J - J
W h e e l’g & E E 1 s t g 5 s . . . 1 9 2 6 A -O 1 1 3 % .......... 1 1 3 A p r ’02
W h e e l D iv 1 s t g o ld 5 s . .1 9 2 8 J - J
1 1 3 % .......... 112% J a n ’02
E x t e n & Im p g o ld 5 s . . . 1 9 3 0 F-A * 1 1 0
...
1 1 3 D e c ’01
1 s t c o n so l 4 s'. .7 .................. 1 9 4 9 M -S
95% S a le
95
95% 6 0
W ilk e s <fc E a s t See E r ie
W il
S io u x F See S t P M & M
W in o n a & S t P See C & N W
9334
94
W is C e n t 5 0 -y r 1 s t g e n 4 s . 1 9 4 9 J - J
9 4 S a le
20

,1 0 8
J0 5

J iiyli
112
106

111 oh, i 1 2 %
1 j0
j j4 %

I 93 6 9 5 %
Ij 25 6 1 2 7 %
J 33 % J 3 7 ’
12 3 123%

87% 9 2
112% 1 1 4 %
105% 108%
110% 110%
1 19% 119%
108% i n
115 1 16%
108 108
114% 114%
119%
122
97
112%
99%
94

123%
122
99*4
115
101%
98%

11 7 120%
1 2 0 12234
1 13% 117%
12 5 1 2 9
1 2 5 1 2 7 34
120*4 122%
111*4 113*4
90
90
109 111
115

116

98
120

98
121

114% 114%
116% 116%
1 1 2 34 115%
11 9
96

12 2
1 0 2 34

1 1 3 34 114*2
10 7 11Q38
94% 9334
91
93
90
92*4
8 1 34 87
97
99%
110% 113
1 0 4 3s 1 0 6 3 s
104% 1 0 6
105% 11034
10 6 ' 1 0 6
1 0 2 1 0 4 34
1 2 6 129%
11 7 119%
114% 114%

118% 12 1
1 1 0 %1 1 4 3 4

100 102
6 6 % 7 8 34
105 1 0 5 34
109% 111%
95
97
86*4 89
98
98
1 0 9 111%

119% 121%
98*4 10 1

112% 1 14%
113 115%
112% 112%
91

95%

88

95

B O N D S —C o n c lu d e d .

M a n n la d u r i n g A: I n d u s t r ia l
M lHCcdlaneoiiM
A m H id e <fc E 1s t s t g 6 s . . 1 9 1 9 M-S
9734 18 94 82100
9 7 82 S a le
A d a m s E x co l tr g 4 s .......... 1 9 4 8 M -S 10534 1 0 6
105% IO 534 19 103*0 1 0 7 h i
97%
A m S r»j rit.s M 1g 1 s t g 6 s . . 1 9 1 5 1M• S
9o wale 9 0
A m D k & Im p 5 s See C e n t N J
90
90
7 80
A m T h re a d 1 s t co l tr 4 s . . .1 9 1 9 J • J
10034 J ’n e ’02
A m S S Co of W V a g 5 s . . . . 1 9 2 0 M-N
10 1
8 3 M a y ’02
82 78 83
10034 101*2
B a r <fc S Car Co 1 s t g 6 s . . . 1942 J - J
105 J a n ’0 0
82
82
B ’k l ’n F er ry C o 1 s t c o n s g 5 s ’4 8 F -A ’ s o ’ "
15 79*4 35ha
Con ml T o b a c c o 5 0 -y r g 4 s. 1551 F A
67
111 M a r’01
67% S ale
6 7 V 3 8 0 64 34 6 9 7g C h ic JC cfc S t Y ard co l g 5 s . 1 9 1 5 J - J
R e g is te r e d 4 s ............ ...... 19511F -A
6 5 % M ar *02
59
53
&
27 9 ” 3 6 “ ”6*6”
65*2 05*2 D e tM < M I d g r i n c o m e s . . 1911 A -O “ 58* ‘ S a le
D is t ill o f A m e r c o ll tr g 5.s. J 91 1 J - J
92 % 9*5' 92*2 J ’n e ’0 2
86
92% H o b o k e n E do I g o ld 5 s . . .1 9 1 0 M-N
O ra m o ro y H ug 1 s t g o ld 6 s . 1 9 2 3 A -0
99 7* A p r ’01
....... 93
M ad S q G a rd en 1 s t g 5 s . . 1 9 1 9 M-N
III S te e l C o d e d 5 s ................ 1 9 1 0 J *J
18*2 5 0 F e b ’02
99 J a n *99
M a n B c h H do E g e n g 4 s . . 1 9 4 0 M-N
38
50
N o n eon v d eh en 5 s .......... J 9 1 5 A -0
100 M a y ’02
N e w p N o S h ip do D D 5 siA l!)9 0 J - J
100 1 0 0
J u t P a p e r Co 1 s t con g 6 s . 1 9 1 8 F-A 1 0 8 1 0 8
N Y D o c k 5 0 -y r 1 st g 4 s . . I 95 1 F-A
"
108 '2 1 0 8 *2
107 % 112
96% ) 8 " 97“ ’ ” 9 7 ” 15 90% i 6 0 '
K n ic k e r b o c k e r I c e (C h ic a g o )
S t J o s e p h S t k Y ds 1s t 4 %». 10301 J J 10 1
) st g o ld 5 s ........................j 928! A - 0
93 A u g ’OO
.......... 9 8
S t E T e r C u p p le s B ta t’n dr Prop
N a t S ta r ch A fg Co J s t g 6 s 1 9 2 0 »VJ-N 1 0 6 * 2 ........ 10 6 'v J ’n e ’O*
T
106 11 Oh
Co 1 s t g 4 *28 5 -2 0 y e a r .. 1 9 1 1 J -I)
; Si! - ta reli Co s f d eh 5 s . . J 9 2 5 J - J
85
92
F e b ’97
95
101
94 A pr '02 ...II 8 9
S Y u b a W at Co co n g 6 s . . 1 9 2 5 J - J
S ta n R o p e do T 1s t g 6 s
J9 4 6 , F-A
71 *2 Halo
74
71*2
7 I a-j 2 0 55
S p V al W at W o rk s 1 s t 6 s 1 OOGlM-S 1 0 8
113*2 J ’l y ’OO
I n c o m e gold 5 s ..................1 9 4 6 ___
45 | O
'*4 1!)
) 5 *v S a le
8934
10 85
87
87
1r
l6
U S R ed A R e f 1 st s 1 g 6 s . 1931 ___
V 8 D eath Co s f ile d i/6 ■ J91 3 M N 1 J 2 h i ........ i E! J ’n e ’02 .. I 112 11 6 '■
E o p r i c e T rid a
bid and a sk e d , c/, D u e J a n 0 D u e l eb c /D u e A pr //D u<; .J’u o A b u o J ' l y Ic D u o A u g n D in ;scp p D u e N o v 7 D u o D ec s O p t l o n s a l o

BOSTON STOCK EXCHANGE— Stock Record, Daily, W eekly and Y early
S h a r e IVices Not P e r C e n tu m P ric e s
1 Monday
Wednesday 1 T h u rsd a y
Tuesi la y
Saturaa j
June 1V ]
June 9
J u n e 11
J u n e 10
June 7

r r u i n if
J u n e 13

STO CKS
BO STO N STOCK
EXCHANGE

Sales
o f the
Week
Shares

L anye Since J a n u a r y 1
1902
Lowest

Highest

L a n g e for P revious
Y e a r (1901)
Lowest

Highest

U itilro tu ltt
81 %| Ateti Tup A S an ta FelOO 1,633 74% Ja n 27 84% A pr 18 42% Ja n 90% J ’ne
350 95% M a rl2 103% J a n 3 80 May 107% May
99 7J
Do O rel............... 109
85 200 May 2 2 266 May 0 251 J a n ; 205 A pr
260 Boston a A lb an y _ loo
_
162 101% F eb 21 173 % Mai l 1 159 % J a n 190 J ’ly
167 | Boston E le v a te d .......100
11 230 J ’lie 13 248 A pr 8 238 J ’lv 2 18 A p r
236 B oston A L ow ell.......loo
200 B oston A M ain e....... 100
85 191 J a n 2 209 A pr 28 189 Dec 2oo A p r
L u s t s a le 1S3
. . . . . . 172 J a n 13 183 A p r26 108 Feb 176 A pr
A p r'02
Do p ref..... ..........100
305 305
19 301 J a n 2 307 M ar20 297 ALay 307 A pr
305 Lostm i A P rovidence 100
* .........170
0 152 F e b 20 172 Mar20 143 % Ja n 162 j ’ne
164 % 164% Chut J uu c Uy A U 8 V 100
L a s t S a l t 1 3 5 % May’02
Do p r e f ......... ...1 0 0
130 J a n 3 136 M ar26 126 Ja n 135 Apr
5 2oO Mrv 7 202 J a n 27 198 Ja n 200% Nov
*200
•200
8 104 May 8 l (Hi % Feb 10 100 Ja n 1.05 Dec
164 164%
165 Conn A P ass Kiv pref 100
L a s t S a l e 295
Muv’02 C o n n ecticu t H iv e r.. .lo o ......... 290 J a n 23 295 F eb 6 270 Ja n 280 Alay
*143% 144
14 142 Ja n 24 148 M ar 11 139 Ja n 148 A pr
144% 144% FU oilburg p r e f ...........100
•173 % ......... '173%
5 172 J a n 7 177 J a n 10 106 Ja n 173 Nov
M aine <’i-n tral............ 100
44 % Mass E lectric C o s .... 100 1,758 33% J a n 28 4 5 % Ap r 21 24 Ja n 45 J ’ly
44
44%
44
98% 98% 98
98 v,
306 92 J a il 13 99 J ’ne 6 77% Ja n 96 J ’ne
26% 26%
7o 26 Ja n 15 31 Mni-31 13% Ja n 29% May
27%
27% M exican C e n tra l....... 100
232 233
234
104 210 Ja n 31 254 A pr 28 201 Feb 217% J ’ne
234 N V X 11 A H a r t___ 100
L a s t S a l e 1 71 % May’02 N o rth ern N H .......... loo
L70 J a n 14 175 J a n 3 163 Ja n 173 N ov
i 292
5 230 J a n 9 238 A p r 3 223 Ja n 231 J ’ne
*232 . . . . . . ' 2 3 2
Norwic h A W or pref 100
*2112 232 ’ 232 ......... *2 8 2
0 •>09 May 3 217 A p r 4 205 Ja n 212 c* A pr
211
•210 ......... *21o
* *2 o
1
21 i o ld Colony................. loo
*211 ......... *210
* 71
10 08 May 20 83% J a u *4 30 Ja n 95 Nov
*71
72
*71
72
70
70
-71
72
72 P ere M a rq u e tte .........100
*71
72
*85 ......... *85
43 79% May 19 88 J a n 31 70 Ja n 89 Nov
84
Do p ref ..............100
83
85
84
85
*84 % 81»
80
80
*76%
*81
80
240 74 May 16 125% A p r23 87 Ja n 120 Dec
82
81
8 l%
SO
79% 79%
R u tlan d p re f..............100
L a s t S a l e S3
*82
81
*82
84
84
*S2
84
May ’02 S eattle E le c tric .........100
58 J a il 8 90 May 13 42 Aug 61 Dec
*82
37 105% J ’no 2 110 M a rl 1 98 J n e 108 Dec
*104 106 '1 0 4 106
106
105% 105 % 106 106 *105 106 -105
Do p r e f ................100
949 98% Feb 28 107% A p r21 78% J a n 132% May
105% 105% 105 105% 104% lOo U nion P acific............ 100
1 0 4 1 104% 101% 104% 104% 105
4
88% 88%
88%
88%
149 80% M arl 1 90% J a n 2 82 Ja n 99 Alay
Do p re f................100
©l '*6 87 % 87 % 8 / % 87% 88 % *87% 87%
.........
* 174
L a s t S a l e 176
F eb ’02 V erm ont A M ass_ 100
_
172 Ja n 15 176 F eb 18 172 Nov 173% Aug
*95
96
-*94 % 95 H 95 H 96
*95
120 94 J a n 2 99 M a rl8 92% J an 99 A pr
s
a
96
96
96 W est E nd S t.............. 50
*95% 96
116 H flH 116% 116% *116 117 *116 117 •116% 117
115% 115%
48 112% J a n 2 116% J ’n e 9 110 Ja n 118 l i A p r
Do p r e f ................ 50
L a 8 1 S a l e V710
J ’lie’02 W isconsin ( 'e n tra l__100
19% J a n 28 28 May 7 17 Feb 24% A pr
50%
50%
Do pref ..
100
7 39% J a n 28 50% 51 ay27 40% Dec 48 J ’ne
*150 ......... * 150
148% Feb 11 152% May 12 150 Aug 155 Aug
*150 ......... L a s t S a l e 1 5 2
May’02 W ore N ash A, R o c li..l0 0
*150 H
a
lYIiHcellniieoiis
*O0 __... *26
*26% 27
26%
55 21 J a n 16 30% A p r 29 20 Oct 34% J ’ne
28
27
*26
27
*26
26% A m er A g ricu l Client. 100
87 % 8 7 % *86
87
*86
87
87
52 81% J a n 2 88 M ar 15 79% Dec 91 J ’ne
86% 87 H *86
a
Do p r e f ................10 0
*85 H 87
a
8
8%
8 A m er P n e u S e r v ....... 50
*8
9% May22 ' 3% J a n 11 M ar
9
8
8%
8
260
4 Ja n 21
*8
8H
a
8% 8%
34% 34% . 34
35
35
35
35
35
34% 35
34%
35
Do p r e f ................ 50 1,062 28 J a n 24 37% May 2 2 28 Aug 83 J a u
128 128% 127% 129% A m er S u g ar R e lin _ 100 11,302 116% J a il 6 135 % M ar31 103 Dec 152% J ’ne
127% 127 % 127% 128 % 12S 128% 128 129
_
119% 119% " 11 S%. 119%
*118 119 H 119% 119% *119 119% 119 119
159 115 J a n 4 120 A p r 4 112 Dec 130 J ’ly
Do p r e l................100
a
174 174
173 H 175
a
175 175% 175 175% 175 175% 175% 176 A m er T elep A T eleg . 100 4,222 155 M ar 1 185% A p r 4 151 Ja n 182 Alay
* 12 % 13%
13% *13
175 13 A p r 23 17%J a n 7 14 Oct 21% J a n
13% 13%
13
*13
13% *13
13
13% A m er W oolen............ 100
75
75
75
75
75
808 73 A p r24 80% Ja il 2 70% Mai’ 83 J ’ly
75
75
75
75
75
74% 75%
Do p re f................lo o
4
4
*4
*4
4% O ct
4 Fob
4%
*4
4%
4%
4% B oston L a n d .............. 10
80
3% May 5 4% May 0
*4
4*4 *4
*
* 128% 129
*.........129
85 122% A pr 4 130% A pr 30 129 L Nov 140 Aug
128%128% n
129% *.........129
129 <’uinberl Tulep A T el 100
o3 % 54
55% 56
55% 56%
51
55% D ominion Iro n A s t ....... 5,476 25 J a n 15 75 A p r 14 20 Oct 39 Alar
53% 53% *53% 54%
9% F eb
*8
7 Nov
*8
8%
8%
J ’n e ’02 E ast Boston L a n d ............
7% F eb 6 9% M ar27
8%
*8
8% L a s t S a l e 8
*8
278 278
i.35 244 J a n 2 285 May 9 217 J a n 270 Alar
E dison E lec I liu m . . .1 0 0
277% 277% *275 278% 277% 278% *278 ......... *27S
3*20 320
*316 320
315
223 275 J a n 13 332% A pr 9 184% J a n 288 Dec
321 321
320%321
320% G eneral E le c tric ....... 100
320 322
*183 ......... *183 ......... *182
*182 ......... 183% 184 *183%
50 170 J a il 2 188 '•>M ar31 153 F eb 182% Nov
M er gen th a le r L ino.. 100
* 2 l4 2%
3% Alar
*2% 2%
2%
1 % Dec
875
*2% .........
2% M exican T elep h o n e.. 10
2 Ja n 0 3% A p r 7
2% 2%
*2% 2%
7/ a s t S a l e 5 0
j ’ly >01 M ichigan T elephone 100
50 A p r 55 Feb
*110%
* l l t i % ......... L a s t S a l e 1 0 6 % jMar’02 Mi mi Gen Elec p ref 100
103 Feb 7 100% M arl 9 101% Aug 103 Dec
'1 1 0 % ......... * 110%
*91
92% *92
92
*91
92
92
*92
92% *92
92% N E C otton Y arn pref 100
100 89 J a n 15 92% May 2 4 88 Dec $9 J a n
92
*4
4
4 *
4 % N ov 15 J a n
*4
4%
4% *4
4%
4 X E G a s A C T r ree ls. 100
160
-4
3% May 5 7% M ar20
4%
*148 150
149 149
149 149
149
149 N E T elep h o n e.......... 100
153 135 J a n 2 151 A p r 30 127% Ja n 146 A p r
149 149 *149 150
*6
6
6
7
7
220
*6
7
6
6
6
*6
6 P la n t Comp T r re c ta .. 100
4 A p r 24 13 M ar 4 12 A pr 24% J a n
236 236 *236 ......... 236 237
..l(ll)
123 216 Ja n 7 248 A p r 28 198 Ja n 225 O ct
235 237 •235 ......... 237
237 P ullm an Co
*9
*9 .........
9 Jan
*9
5% Oct
9
9
*9 .........
R eece B u tto n -H o le .. 10
10 6 J a n 23
9 May 15
*9
* 104 H
i
108
*104% ......... *105
*105% ......... 11107% 110
_ . -.100
552 100 J a n 9 110 J ’n e l2 100 Dec 1 10 Alar
i()8% S w ift A Co.
*26 H 27
a
*26% 27
*26% '2 7 T o rrin g to n Class A .. 25
26% 26% *26% 27
*26% 27
3 26% May 17 27 J a n 2 25 Dec 29 Aug
29
*29 ......... •29
29
29
Do p ref
.. .. 25
42 28 J a n 23 29 J a n 28 27 J a n 29 Alay
*29 ......... *29
29
0
*2
2
5 Alar
-2
2%
2 Nov
2%
*2
*2
2%
1% F eb 25
2% M arlO
2H
a •2
2% U nion Cop L ’d A M g. 25
25
109 109
109 109
109 109% 109% 109% 109% 109% 109
109% U n ited F r u i t .............. 100 1,060 85% J a n 8 110% J ’n e 3 73 Sep 137 Alar
54
54
54
54
54
*53% 54
53% 53% *53% 54
54 U n ited Shoe M a c h ... 25 1,323 46 J a n 2 57% May 1 30% Feb 48% Nov
*31
31% 31%
32
32
32
32
32
32
32
*31
205 29 J a n 2 33% A pr 28 23% Ja n 30 Sep
32
Do p r e f ................ 25
9 Alay 1 6 % AI ay
12% 12%
IT S L ea th er
____ 100
13% 13%
120 11 % J a n 25 14% A pr 2
13% 13%
86
86
T)o p ref
100
85% 85%
16 80 % J an 22 86% A p r 2 74 J a n 83% Aug
L a s t S a l e 18%
..
100
13% J a n 25 18% A pr 14 13% Oct 34 J a n
A p r’02 TJ S R u b b e r
55
55
Do p ref
..
100
125 49 J an 2 62% M ar25 46 Dec 82% J a n
38% 3878 38% 39
39%
39
39
39% 39
39% U S S teel C orp...........100 2,600 # 3 8 % J’n e 6 46% J a il 7 33 Mav 54% A pr
38% 39
89
89% 89%
89
89%
89
89%
88% 88%
89%
Do x re;f................100 1,613 88% J ’ne 6 97% J a n 7 86% J ’ly 1 0 1 % Alay
>
88% 89
1 % Feb
*•90
1% *•90
% Oct
25
100 •72 h>M a r ti l •12 % A p r 15
1% •90 •90
*•80 *90 ' ......... -90 *
•90 W est E n d Land
* 2 7 % 28 * ‘>8
97i*> °8
28% 23 E
29%
28
28
30%
1,721 2 6 % M a rll 33% A p r 4
27
*100 101 * 100 1 0 1
102 % 104
1,555 91 F e b 28 106% A pr 4
1 0 0 100 * 1 0 1 101% 102 102
*107 108 -107 108 *107 108 *107 108
L a s t S a l e 10S
86 % J a n l l 115% A p r 9 54 J a n 89% F e e
J ’n e’02 W e stin g E l A M f g ... 50
*108 110 *108 110 *108 110 *108 110
108 108 *108
10 89 J a n 29 117 A p r 9 66 J a n 91 F e e
110
Do p re f................ 50
1 % F eb
L a s t S a l e 1%
% Nov
1 J a n 27
1% J a n 17
J a n ’02
M in in g
*23% 24*4 23% 23%
24
*24
695 18 Jar. 14 24% A p r 28 69% J a n 33 Sep
23% 23% *23% 24% 24
24% A d v en tu re Con........... 25
*2% 3
2% J a n 14 4% M ar 3 61% Oct 66% Aug
3% 3%
880
3
3
3
3
3
3
21%6 21%6 A llo u e z ........................ 25
6s% 68 H 68% 68%
68% 69%
6S%
68% 69%
a
68% 69
68% A m algam ated CopperlOO 3,369 61 % M ar25 78% F eb 1 60% F ee 129% J Me
~2 % 3
5 % J ’ne
*2% 3
2 Nov
L a st Sale 3h
3% A pr 8
*2% 3
*2% 3
2 F eb 28
J ’n e’02 A m er Gold D re d g in g 5
*111 12
4
L a s t S a l e 12
9 Feb 18 A p r
*11% 12
9% M ar27 14% A p r 7
*11% 12
J ’n e ’02 Am Z inc L ead A Sm . 25
*11% 12
28% 28% *27% 28% *27% 28% *27% 28% *27% 28% *27%
200 27% A p r 17 35 Ja il 31 29 Dec 53 A p r
28% A n aco n d a..................... 25
■5
*
3% J a n 14 13% M arlO
5
5
3% Dec 24% M ar
5
5%
5
5
5H
a
5
5
5
5 A rc a d ia n ..................... 25 1,205
5% Afar
**S0
L a s t S a ' l e •SO
•50 May 9
1
1 J a n 31 50c. Dec
•80
1 *•80
1
1 * *80
J ’n e ’02 A rnold ......................... 25
*31 H 34
a
31% 31%
32
*31% 33
*31% 33
*31% 33
32 A tla n tic ....................... 25
60 22 J a n 23 36 May S 24% Dec 43 Sep
35
*34% 35
35
35
35
35
345 20% J a n 17 39% A p r 21 15% J a n 4 3 % Aug
35
35
35
35
35 B ingham Con M in A S 50
178 >iar
*’75 •80 *•75 -80
•75 -80
1 Jan
•80
*75 *75
*•75
-•75
200 •75 Mav 6 1%0 M ar 6
•80 B onanza (Dev C o )... 10
Jan
L a st Sale 0
5 L May
Boston (Q uicksilver) 111
2 J a n 2 5 A p r 23
*8% 9 L
9% 9%
6% Mav22 10% M ar 1 011% Oct 23% J a n
*8%
25
*8% 9%
* 8 l4 9k» *8% 9%
9% B ritish Colum (L td ). 5
570 570
*570 600 *570 600
580
570 570 *575
15 533 A p r 30 650 F eb 1 535 Dec i860 Alar
_
580 C alum et A H e c la _ 25
*•10 •15 **10 *15 *•10
L a s t S a l e •10
•10 A p r i l •12 J a n 20 •12 Dec •22% A pr
•15
*•10 *15
J ’n e’02 C atalpa (S ilv e r) ......... 10
*19
19% 19%
19%
755 11 J a n 14 28 M arlO 10% Dee 34% Alay
19% 19% *19
19%
19%
19% C e n te n n ia l.................. 25
19% 19%
*S
9
7 J a n 20 8% May 3
8 Aug 13 F eb
8%
*8
8% L a s t S a l e 8
*8
8%
J ’n e ’02 C en tral O il.................. 25
-8
'■•30 *50 *•30
Cochifi T r On reefs
10
1% Dec 13% J a n
2 Jan 8
•30 *30
200 *25 A p r 24
2
1% J a n 2 2% F eb 18
1% Nov
•A A p r
l l516 115ie 13132 1S132
*1% 1I516
2 Cons M ercu r G o ld ... 5 1,700
1% 13132 -1% 2
*3
1 Alar 3 F ee
*3% 3%
4 May 2 2
*3%
3% 3%
100 2 J a n 21
*3% 3%
*3% 3%
3% C ontinen Z inc A L d .. 10
57% 53%
D< 's 57% 57% 57%
58
43% M a rl7 64 A p r 12 44 Dec 5 5 % Dec
58%
5S% 58%
58 Copper R an g e Con ColOO
788
57%
*45
45% 45% *45
’ 45
45% *45
45%
46
45% *45
200 18% M ar 1 46% May 6 28 Nov 41 J ’n e
45% D a ly - W e s t................. 20
*139 140 *139 140% *139% 140% 140 140 *140 140% 138% 142 D om inion Coal...........100
450 54 J a n 2 146 A p r 15 32 Alay 5 3 % F e e
*11 /
*117 ......... *117
*117 118% 118% 118% 118
5 115 Mav 13 119 J a n 23 108 Ja n 120 F e e
Do p re f............... 1(H)
118
7 Afar
*3 H 4
a
*3
3%
2 Dec
*3
1% J a n 16 5% Afar 1
3
3
2S8
*3% 4
3% 3%
3% E lm R iv e r................... 12
11% 11 H *11
*11% 12
11% 11%
110 10% May 3 15% Feb 3 11% Dec 25 M ar
a
12
11% 11%
11%
11% F ra n k lin ....................... 25
8% O ct
3 H 334
a
3% 3%
3% F eb 7 5% J a n 3
4 Dec
3% 3%
3%
3% 3%
3% G uanajuato C onsol.. 5 1,325
3% 3%
12
12% 12% *12
12
150 11% May 20 25 F eb 1 18% Dec 56% May
*12
13
12
12
*12% 13
12% Is le R oyale (Copper). 25
1934 20
19% 20%
19% 20
20%
19% 19%
19% 20
20% M ass Consol................ 25 2,950 15% J a n 15 21% May 9 11 J a n 37% Sep
*2 % 2% *2% 2%
5% Oct
3% M ar 4
2 J a n 28
1% J ’ne
*2% 2%
2% 2%
*2%
20
*2% 2%
2% M ayflow er................... 25
Q *.
*
9
*
6 Jan
L a st Sale 4
4 Aug
3 J a n 6 4 J an S
2
J a n ’02 M erced (Gold)............ 15
2
11% 11%
11% 11% *11%
9 J a n 16 13% M arlO 65% Feb 20 Sep
12
*11% 12%
195
11% 11% 12
12% M ic h ig a n !...1 ............. 25
*41 % 42
43% 43%
42%
42% 42% 43
*41% 42
42
42% M o h a w k ....................... 25 1,500 d-27 J a n 14 44 May 27 622 J a n 56% Sep
*3% 4% *3% 4% *3% 4%
7 J an
4 F eb
*3% 4
3% M ar 3 4% M ar 7
*3%
100
4
4
4 M ontana Coal A Coke 2 5
5 % Deo
2 J ’ne 9 4% M arlO
4% Deo
2H
a
2% 2%
2% 2%
2%
2
2%
2% M ontreal A B o sto n .. 5 1,230
2% 2%
4 % Aug
*1 H 2
i
2
Last Sale 1
1 J a n 25
1% J a n 31 50c. Ja n
*1% 2
*1% 2
25
*1%
May’02 N a tio n a l.............. .
*2% 3%
5% Oct
2*o 2*o *2% 3%
3 Aug
2% 2%
2% J ’n e 5 4% M arlO
- 2% 3
*2%
135
3 Old Colonv.................. 25
20
20%
21% 21%
20
20
20
20
21%
22
20
22% Old D om inion (Cop).. 25 1,569 17 % A p r 28 25 F eb 1 20% Dec 38% Alar
*62
63
60% 6L% *61%
61% 61%
61
62
139 58% M ar 2 5 89% F e b 1 72 Dec 120 Sep
61%
61
63 O sc e o la ........................ 25
28
28
29
29
75 24% A p r 30 34 F eb 1 27% Dee 58 A p r
28
28
2S% 28% *28
28%
-28
28% P a r r o tt (Silv A Copp) 10
*4% 5
8% Sep
3% May
3% F eb 27
*4% 5
5 May 14
*4% 5
4% 4%
150
4% 4%
5 Phoenix Consol........... 25
*4%
*130 135 *130 133 *130 135 *130 133
125 A p r 9 147 F eb 1 125 Dec 18. A p r
L a s t S a l e 130
J ’n e ’02 O u in cv ........................ . 25
2
3 Dec 10 Feb
2
2
9 Rhode I s la n d .............. 25
2 J a n 27
3 % Alar 3
2
2
365
*2
2%
2
2
2
2
4 F eb 1
2% Dec 10% Apr
1 '6 4 V
1% May27
*1% 2
9 S an ta Fe(Gold A Cop) 10
*1% 2
*1% 2
860
8
*1%
1% 1%
*•50
2 % J an
1 *•50
L a s t S a l e • 50
*50 J a n 27 •50 M a rl 7 •50 J n e
1 *•50
1
1 *•50
A p r ’02 S a n ta Y sabel (Gold). 5
15 H I 5 H 15 io 15 H 1 5% 153i
a
15 7g
i
2
i °50 15 .1'u e 4 IS May 22
16
ISO 180 *175 ISO *175 180 *179%185
169% May28 281 F eb 1 230 Dec 363 Sep
183 183 *180 ° 185 T a m a r a c k ................... 25
’ 15
*1 % 2
*1% 2
'1 %
2
2
2
*1%
210 •50 J a n 6 2 A p r 16 ■02% Dec 63 Feb
2
2
2 T e c u m s e h ................... 25
#
*
100 *.........100
100 *......... 1 0 0
L a s t S a l e 1 0 0 % May’02 T rim o u n ta in .............. 25
(?34 J a n 2 125 F eb 26 619% J a n 58 Sop
*12 H 12 H 12% 12%
a
12% 12%
12%
12% 12% *12% 13
210 11% F eb 19 18% Mar 3 10 Dee 41 J n e
12% T rin ity .......................... °5
*20 *e 20%
9 % J an 24 Apr
20% 20%
20% 20%
20% 20%
20% 20%
20%
20% U S M ining v t r c tis. 25 Is 995 13% J a n 14 22% A p r21
*16% 16H> I d ’s 1 6 ^
16% 16%
770 11% J a n 2 18 May 0 10% Dee IT M ar
16% 16%
16
16
16%
16 U n ite d S tate s O il— 25
*21 H 22 H 22
a
21% 21%
21%
22
22
22
22
22
a
21% U tan Con (Gold) t r ro4*S5 1,180 21 May IS 27% Feb 1 18% Deo 37% Mar
4% 4%
6% MarlO
3% May 12 Sep
4% 4%
4% 4%
973 4%a J ’nolO
4% 6 41ie
41io 4%6
25
41ie V ic to r ia .............. .
4%6
1% Doe 10 Feb
*3 H 4
a
*3% 4%
1 J a n 14 4 J ’n e 9
4
4
4
352
4
4
4
k8%
4% W inona ....................... 25
*55
55
55
56
55
*55% 56
90 42 J a n 14 56 May 7 44 Dee 73 Sep
*55
56
55
56
56 W o lv e r in e .............. 25
2 % Feb
l Alay
1% May21
100 •75 J a n 21
*1% 1%
*1
1% 1% *l% e 1% 1%6
1% 1%
1%
1% W y a n d o t..................... 25
$ Before pay’t of a ssess’ts called during 1901. d Before pay’t of a sse ss’ts called during 1902. *Bid and asked prices. I Low est is ex div, t Juno ass’t paid
I
7 9 % 79 3
4 80 H 80 % 80% 81 % 81% 81 %|
a
99 %|
98% 98%
9834 98%
99
99 % 99
]
260 260 i 26o 260
260 260 *200 260%
*103 167
166 166 1
166 166 *165 L67
•236 238 *236 2 3 8 *236 238
‘ 4*2
2
200 200
201 *201
* 200
200 201
183 * .........183
183 *.........183 !
......... * .........305
305 305
306
170 • .........170
17u *.........170
-135 ......... *135 . . . . . . *135 .........
•IBS
>0(1
•200 .........
200
*200
_____ 165
165 • .........165
165
*285
*285
-- .
*285
*143% 145 * 143% 145 *143% 145 '1 4 3 % 1 4 4
v 17:4 %
*173%
173% 173% * 1 7 8 % ........
44
44
44% 44%
44
44 % 41 C 44
• i)ti U 97
96 H 96% 97% 98
98
98%
*26% 27%
*26 % 27 % *26% 2 7 H -26% 27%
a
•2HH 234 % 235 235
233
233% 233%

81
99%
269
100
*236
200

Sl% |
9 9 %|
200
166
238
200

81%
99%
269
'1 6 6
236
200

BONDS
B O S T O N ST<) ( 1K E ■( 11I'CIE
W e e k E n d in g J u n e VI

A sk Low -

B id

o t e —B

Week's
L ange or
L ast Sale

Price
F rid a y
J u n e 13

U'u
K>
■

A m B e ll T e le p h o n e 4 s . . 1908 .1 - J
A m T e le p A T e l co ll l r 4 s 1 9 2 9 J - J
A te ll A N e b r a s k a 1 st 7 s . 19 0 8 M-S
A tc li T op A S F e g e n g I«. 1003 A O
1005 N ov
A d ju s tm e n t g' I s ___J
B o s to n Sc L o w e ll I s .......... 1007 J -D
B o s to n A M a in e 4 'v s........ 1 04 1 J - J
P la in i s ................................ 1042 F-A
B e st A M on 3d is s u e 7 s . 1004 M N
B o s to n T e r m in a l 1si. ;’ %« 1047 F-A
>
B o s to n U n ite d G as 1 s t 5 s 1030 J -J
2d 5 s ...................................... . 1030 J -J
B u r A M o R iv e x 6 s .......... .1 0 1 8 J - J
N o n - e x e m p t 6 s ................ 1018 J - J
S in k in g fu n d 4 s .............. 1010 J -J
B u t t e A B o s to n 1st. 6 s . . . .1 0 1 7 A-O
C ed ar R a p A M o R 1 st 7 s . 1016 M-N
J -l)
2d 7 s ......................................
C e n t Y e r m t 1 s t g 4 s ..M a y 1920 Q- F
CI11c B u r 1 A Q 1s t 7 s ........ .1 0 0 3 J - J
I o w a D iv l s t 5 s .............. .1 0 1 0 A-O
I o w a D iv 1 st 4 s .............. .1 9 1 9 A O
D e b e n tu r e o s .................... .1 9 1 3 M-N
D e n v e r E x t on 4 s ............ .1 9 2 2 F-A
N e b r a s k a E x t e n Is — .1 9 2 7 M-N
T A si W a t Is
K
1 021 M- S
I ll in o i s D iv 3 %s.............. .1 0 4 0 J - J
J o in t b o n d s See G t N o r th e r n
C h ic J c H v A s t k Y d s 5 s .1 9 1 5 J - J
C oll t r u s t r e f u n d in g g 4 s l 9 4 0 A-O
Ch M il A S t P D u b 1) 6 s . 1920 J - J
C h M A S t P W is V d iv 6 s l 9 2 0 J - J
C h ic A N o M ic h 1 s t g u 5 s .1 9 3 1 M-N
C h ic A W M ich g e n 5 s . .. .1 9 2 1 J -D
C on cord A M o n t c o n s 4 s . .1 9 2 0 J -I)
C on n A P a s s R 1 s t g 4 s . . 19 4 3 A-O
C u r re n t R iv e r 1 s t 5 s ........ .1 9 2 7 A-O
Dot, G r R a p A W 1 s t 4 s . . .1 9 4 6 A-O
D o m in io n C oal 1 s t 6 s ___ .1 9 1 3 M-S
E a s te r n 1 s t g o ld 6 s ............ .1 9 0 6 M -S
F it c h b u r g 4 s ........................ 1 9 0 4 M -S
.1 9 2 7 M -S
4 s ..
F r e m t E lk A M o V 1 s t 6 s . .1 9 3 3 A-O
A -O
U n s ta m p e d 1 s t 6 s ..........
G t N or C B A Q c o ll t r 4 s I 921 J - J
.1 9 2 1 Q-J
N

1245

Boston Bond Record

J u n e 14, 1902. J

R ange

Since
VC
i
aq /' J a n u a r y l

U igU No lo w

BONDS
B O S T O N ST< )(JK K X C I I ’G E
W e e k E n d in g J unk 13

Price.
i> id a y
'r
Ju n e 13

+t
x
%%

B id

High

111 1n o is S te e l d o b en 5 s . .. 1 9 1 0 J -J
N o n con v<*rl d eb en 5 m 19) 3 A-Oj
l a F u l| mA S io u x <J 1 J 7 m 1917 A O
102
io;i% k an O ( din A Mpr 1s t 5 h. . 192.< A O 1
0 1 % 0 0 % K an C F t S A L ull' 1 st Vs. . 1908 J 1>
Kan <: F t S co t! A M 6 s ......1928 M-N
.......................
K an < M A B g e n 4 s ........
)
1934 M -8
1n eo n 10 5 h....................M ar 1934 S p 1
99% 99%
o ld ( Vdony T r Co r e e ls .
104
104
k ;m (• A M Ry A ID- 1 M 5 m1929 A O
t
83
95% K a i i C S t J o A (J B J mI 7 s .. 1907 J -J
L It A F t S 111 Id g r 1 st 7 s . . . 1905 J J
56
73
1 2 0 121% M a in e C e n t c o n s 1 st 7 s . . . 1 9 1 2 A-O
C o n s 1 st 4 m ..........................1912 A-O
105% 105 %
99% 99% M am 11 o u g li A O u t I mI 6 h..1 0 2 o A-O
........ .. . . . . . . M e x ic a n C en tr a l c o n s 4 s . . 191 1 J - J
1stc o in s l n c 3 s ............ J a n 1939 J ’ly
.......................
2d conn in c 3 h............ J a n 1939 J ’ly
. . . . . . ..........
85
90% M ich T e le p li e o n s 5 s ..........19 2 9 J -J
103 101% M in n e ( le ii E le c c o n g 5 s 1 9 2 9 J - J
N o w E n g 'C o t Y a r n 5 s ____1 9 2 9 F-A
. . . . . . ..........
1 0 4 104% N e w E n g G a s A C 1 s t 5 s . . 1 9 3 7 J -D
107% 1 0 7 % N e w E n g T e le p li 6 s ............ 1 9 0 0 A-O
6 s ..............................................1 0 0 7 A-O
100 101%
6 s ..............................................1008 A-O
108% 108%
5 s ..............................................1 9 1 5 A -O
100
100*4
101% 102% N Y A N E n g 1 s t 7 s ............ 1 9 0 5 J - J
1st 6 s ......................................1 9 0 5 J -J
2 1.08 1 1 0
Old C o lo n y g o ld 4 -s.............. J 9 2 4 F-A
109% 109%
109 110
............... 101 M ay’02
100% 101% O r e g R y A N a v c o n g 4 s . . 1 9 4 6 J -D
O r eg S li L in e 1 s t g 6 s ........ 1 9 2 2 F-A
129% 1 3 2
1 3 1 % .......... 131% J ’n e ’02
.......... 131 J ’n e ’02 . . . . 128% 131% R ep u b V all(?y 1 s t s f 6 s . . .1 9 1 9 J - J
131
R u tla n d 1 s t 6 s ........................ 1 9 0 2 M-N
1 0 9 110 1 1 0 J ’n e ’0 2 . . . . 1 0 9 1 1 0
R n tla n d -C a n a d ia n 1 s t 4 s 194 i) J -J
109% 109%
4 1 0 9 110*4
109 110
. . . . . . . . . . . . 109*4 M a r’02
109*4 109% S e a t t le E le c 1 s t g 5 s .......... 1 9 3 0 F-A
T o r r in g to n 1 s t g 5 s ............ 1 9 1 8 M -S
....................... 115 A p r ’02 . . . . 114*4 11 5
U n io n 17ac R R A 1 g r g 4 s . 1 9 4 7 J - J
1 0 6 A p r ’0 2 . . . . 106 1 0 6
105 107
1st, lie n e o n v 4 s
............ 1911 M-N
100
16 99% 101
1 0 0 S a le 100
9 109% 1 1 1
V e r m o n t A M a s s o s ............ 1 9 0 3 M-N
1 1 0 S a le 1 1 0
110%
W e s t E n d S t r e e t R y g 5 s . .1 9 0 2 M-N
9 109% 11 1
1 0 9 % .......... 109% 109%
M -8
100% 100%
100% M a r’02
G o ld d e b e n tu r e 4 s .............1 9 1 6 M-N
1 1 0 % 1 1 1 *4
111*4 M a y ’02
G o ld 4 s .................................... 1 9 1 7 F-A
i 138 139
137
.......... 1 3 8
138
W e s te r n T e le p li A T e l 5 s . 1 9 3 2 J-.T
2 138 138
138
135
.......... 1 3 8
159 9 4
94
95
96% W is c o n s in C e n t 1 s t g e n 4 s l 9 4 9 J - J
94% S a le
94*8 M ay’02 —
94
96% W is c o n s in V a lle y 1 s t 7 s . . 1 9 0 9 J - J
20
99% lo o
00'-1
00% 25
00% s a l e
. .4. . . . 110 D oe '0 1
1 0 2 3 lit 1% 102 %J ’llc’OO . . . .
03 % M ay‘02 —
93% 04
. . . . . . . . . . . . . 10 1 4 A p r ’0 0 . . . .
. . . . . . . . . . . . 120% A pr ’0 1
. . . . . . . . . . . . 09% J a n ’02 . . . .
. . . . . . . . . . . . 104 A p r ’02
. . . . . . .......... 1 15 % A u g ’Ol —
02
04%
95
03 S a le
68 J ’n e '0 2
67
09
4
121%
120 .......... 121
. . . . . . . . . . . . 105*2 A p r ’02 —
. . . . . . . . . . . . 00% J a n ’02 —
. . . . . . . . . . . . 1 0 0 J ’lie ’Ol
. . . . . . . . . . . . 138 S e p ’01 . . . .
. . . . . . . . . . . 125 *s A u g ’00 . . . .
00
00%
6
80
90
1
10 3
103 .......... 1 0 3
. . . . . . . . . . . . 110 A p r ’01
. . . . . . . . 104% A p r ’02 . . . .
................... 107% M a y ’02
TOO % S a le 100% 100% 12
.......... 108% A p r ’02 . . . .
100% M a r’02
. . . . . . 101*4. 101*4
6
9 0 % S a le

99
09

100
1)0%

u y e r p a y s a c c r u e d in t e r e s t in a d d itio n to t h e p u r c h a s e p r ic e fo r a ll B o s to n B o n d s .

Week's
Lange /> r
L a st Sale.

A sit Low

/

age
Si /Lee
Ja n n o !'// !

H igh S o Low

H ig h

I o l % .......... 101 % A p r 3)2 .. .1,101
102
5 101 ?.j ^ 02
101 % ........ 101 % ](J2
5 132% 1 33 *2
132%
132
inf,
In .. 1 0 6
1
105 J a n '02 — 1 j or.
111
.......... 1 14 % At a y ’02 . . . . Ill j 4
1 DPs
1 2 5 % ........ . 125% 125 v 18% 23*1 J 2 6
99 %
i
9 n%
98
9 8 .......... 9 8 '<
. . . . . . . . . . . . 9 2 M ay’02
9 7 *4
j fit/
m 0m m. . . . . . 92% M ay’02
m »
« if
)
1 in
1C
5 108 1 1 J
110% 110%
___Ii ] J4% J j 5 *4
III
.......... 1 14% A p r '02
105%
105
........ 105 M%y ’0 2 ___1 io o
. . . . . . . . . . . J 128%
12 11
J 30%
. . . . . . . . . . . . . 105% M ay’OI
118
.......... 1 17% F e b ’0 0
......
12 I Si
82
82
8 4 *4
8 2 S a le
31.
33
31% M ay’02 . . . .
3 0 11 35%
2 ! % S a le
21%
21%
2 20% 24 %
9 9 O ct ’01
101 M a r ’02 . . . . JL03 104
104% ..
•> 103 1 0 4
.......... 103% 103%
103
56% S a le
55
56% 79! 52
63
104
10,4 .......... 104 A p r ’02 . . . . 1 0 4
10 5
105 F e b '02 . . . . 105
104- .......... 1 0 3 A p r ’02 . . . . ||1 0 3
104
107*4 M ay’02 ___!|107% J o 7'4
108%
7 |l 08% 109%
108% S a le 108%
1 0 5 % ..
3:1105% 107
105% 165%
112 M ay 61
102% M a r’02
02% 102%
...... . .
1 2 5 A p r ’02 ....11125 128%
..........
106% F e b ’02 ___ii] 06% 106%
1 0 0 % .......... 100% M ay’02 -----jjl-OOU 101%
1 0 2 .......... 1 0 2 M a r’02 . . . .I|102
103%
10 7
106
106
3 '1 0 5
105% 106
108% J ’ly ’01
103% A p r ’02 ---.j ib 3 % 103%
107% J ’n e ’0 ‘*
1 0 4 1 4 i 07%
102% N o v ’Ol
1 0 0 *4 M a y ’02 . . . . 1 1 0 6 * 4 100%
.......... 1 0 2
107*2
1 0 7 W av’02 ___107
105% D e c ’0 0
1 0 3 *8 M ay 2 . . . 103 % 103%
105% S a le 105% 105% 19' 103% 106*2
87*4 J ’ly ’01 ...... ..........
119% M a r ’0 2 ___ '',119% 119%

* N o p r ic e F r i d a y ; l a t e s t h id a n d a s k e d t h is w e e k .

P h ila d e lp h ia a n d B a ltim o r e S to c k E x c h a n g e s — S to c k R eco rd , D a ily , W e e k ly , Y e a r ly
Sa les R a n g e S in ce J a n u a r y 1 R a n g e for R revto u s
Y ea r (1 9 0 1 )
1902
o f the
( For B o n d s a n d In a c tiv e Week
S to cks see below )
Shares
Lovjest
H ig h e st
H ig h e s t
L ow est

S h a r e P r i c e s —N o t P e r C e n t u m P r i c e s

S a tu r d a y
June 7
68

68

*25*2 25%
*45*2 4 6
15% 15%

M onday
June 9

T u esd a y
J u n e 10

*68
*116
25%
"25% 25%
*45%
*45% 4 6
1 5 34
*15% 15%
*67%

68%

..........
118
25%
45%
15%

W ednesday
J u n e 11
*68% 68%
117*4 117%
25% 25%
46
46
15% 1 6

T hursday
■J u n e 12

A C T IV E S T O C K S

T r id a y
J u n e 13

*88
68%
68
68
*117 118
........ 1 1 8
25% 25%
26
26
45% 45%
45% 45%
16
16% *15% 16

B a ltim o r e
C o n so lid a te d G a s ............. 1 0 0
N o r t h e r n C e n t r a l.......... 50
S ea b o a rd A ir L i n e ......... 1 0 0
D o p r e f .......................1 0 0
U n ite d B y & E l e c t r i c . . 5 0

6 62*4 J a n 2 8 7 2 % A p r 18
3 1 0 4 J a n 7 11 7 %M a y l3
8 1 8 23% J a n 2 4 28% A p r 2 6
12 5 4 4 A p r 2 50% J a n 2
2 ,4 9 0 14% J a n 27 17 M a r l 5

58
88%
9%
24%
14

J a n 65% J ’l y
Jan 106% D ec
J a n ! 30*2 J ’n e
J a n 54% S ep
D e c 18% M a r

P h ila d e lp h ia
*%
23%

23%

23% 23%

23%

30% 30%
75% 7 6
* 7 4 ..........
34% 34%

30
30%
76
76
*7 4 ..........
34% 34%

29%
76
*74
34%
*3%
*%
*1
75
5%
31%6
42%
347i s
43%
106
39

23*2

23*2

23%

23%

23%

23%

29
75
*73
34%
3 716

29%
76
75
34%
3 7i0

28% 29%
75% 75%
74% 74%
34% 35
3%
3%

29%
75%
*74
34%
3%

29%
76
..........
34%
3%

^ le
5
31%
41%
34
41%
103%
*30

74%
5
31%
41%
34%8
41%
103%
38

74% 74**16
5%
5%e
31% 6 31%
41% 41%
34
343ie
42%
42
103% 1 0 4
40
*30

74%

74%

74%

5*4

5*4

5*4

31%8 31%
41% 41%
34*8 34*8
43
43%
104% 106%

31%
41%
3 4 5ie
43%
106
39%

P H IL A D E L P H IA
I n a c tiv e S to c k s
A m e r ic a n C e m e n t ........ 10
A rn er Ir o n A S t e e l___ 50
A m e n c a n R a ilw a y s . . . 50
B e ll T e le p h o n e .............. 50
C a m b ria I r o n . . ............... 50
C a m d en A T r e n t o n ___ 10
C o n s o l T r a c P i t t s .......... 50
P r e f e r r e d ....................... 50
D a n v i lle B e s s e m e r ... 1 %
D e L o n g H o o k A E y e . 10
D ia m o n d S t a t e S t e e l ........
P r e fe r r e d ............................
E a s t o n C o n E l e c t r i c . .. 50
E le c t r ic of A m e r i c a . . . 50
E l e c S to r a g e B a t t ___ lOO
P r e f e r r e d ..................... 100
G e r m a n to w n P a s s ........ 50
H a r r is o n B r o s p r e f . .. 1 0 0
H e s t o n v M a n A F a i r ..5 0
P r e f e r r e d ....................... 50
I n d ia n a p o ls S t .............. 1 0 0
I n t e r Sm P A D y n a m , . 50
L i t B r o t h e r s ..................... 10
L i t t le S c h u y lk ill............ 50
M in eh ill A S c h u y 1 H . . 5 0
N esq u eh o n j n g ............... 50
N H a v e n Ir o n A S t e e l . 5
N o r t h P e n n s y I v a n ia .. 5 0
P e n n ■ Jv a n ia S a lt ___ .0
'V
P e n n s y lv a n i a S t e e l . . 7 0 0
P r e f e r r e d ..................... 1 0 0
P h ila d e lp h ia C o ..............50
P r e f e r r e d ....................... 50
PTd J < erm a n A N orri s . 5 0
>
P Jiii a T r a c t jo n ................5 0
R a d v a y * <;orjeral........ 10
Sn.H'juen Ir o n A S t e e l . . 5
T id e v a t e r S t e e l ............ 10
U n ite d 1 1 J R K So
\ oo
U n i t P o w A T r a n s ___ 25
U n ite d T r a c P i t t s ........ 5 0
P r e fe r r e d ....................... 50
W a r //i ck i ron Sc S te e l J 0
W e s t 4 e r s e y A S e a S h . 50
■ W estm oreland C o a l. . . 5 0

B id

A sk

75% 74*% 6 75%
5%
5 7ie
5%8
32%
31 '8 32*10
42
42
41%
34%g *34*4 34%
43%
43% 43%
106% 105% 106%
39% 39%
39%

P H IL A D E L P H IA

Bonds
7% A 1 V a l E e x t 7 s 1 9 1 0 A-O
5% A s p h a lt Co 5 s 1 9 4 9 tr c t f s
5
45% 4 6
A t l C ity 1 s t 5 s g ’1 9 -M -N
74
B a d s T e r 1 s t 5 s 1 9 2 6 . J -D
47% 4 8
B e r g A E B r w 1 s t 6 s ’21 J -J
4
B e t h le S t e e l 6 s 1 9 9 8 . Q -F
C h e A D C an 1 s t 5 s ’1 6 J -J
C h oc A M e 1 s t 5 s 1 9 4 9 J-J
C h O k A G g e n 5 s ’1 9 J -J
C it S t R y ( I n d ) co n 5 s ’33
C ol S t R y 1 s t c o n 5 s 1 9 3 2
1%
3%
C on T r a c o f N J 1 s t 5 s . ’33
20
D e l A B B k 1 s t 7 s ’05 F -A
E A A 1 s t M 5 s 1 9 2 0 M -N
7%
E le c A P e o T r s t k tr c tfs
90*4
88%
E lm A W il 1 s t 6 s ’1 0 .J -J
147
I n c o m e 5 s ___ 2 8 6 2 .A - 0
149
E q II G a s-L 1 s t g 5 s 1 9 2 8
I I A B T o p c o n 5 s ’25 A-O
48*4
75
I n d ia n a p o lis R y 4 s . 1 9 3 3
L e h ig h N a v 4% s ’1 4 .Q -J
B R s 4 s g ........ 1 9 1 4 .Q -F
10%
G e n M 4% s g . 1 9 2 4 . Q -F
60% 62
L e h V O 1 s t 5 s g ’3 3 . . J -J
65% 67% L e h V e x t 4 s 1 s t 1 9 4 8 . J -D
51%
2d 7 s 1 9 1 0 ..................M -S
5%
6
C o n s o l e s 1 9 2 3 ........ J -D
108% 109%
A n n u it y 6 s ............... J -D
111
L e h V T r a c 1 s t 4 s '2 9 . J -D
N a t A s p h a lt 5 s 1 9 5 1 .J -J
90
N e w C on G as 5 s 1 9 4 8 J -D
48% 49
N e w a r k P a s s co n 5 s 1 9 3 0
48% 48*4 N Y P h A N o 1 s t 4 s ’39 J-.I
I n c o m e 4 s 1 9 3 9 . ..M - N
9 7 * 4 97% N o P e n n 1 s t 4 s ’3 6 . . M -N
4%
G e n M 7 s 1 9 0 3 ...........J-J
2%
2% P e n n g e n 6 s r 1 9 1 0 .. V ar
5%, 6
C onsol 6 s c 1 9 0 5 . . . V a r
283% 2 8 4
C o n so l 5 h r 1 9 1 9 . . .V a r
IP e n n A M(1 S t e e l c o n 6 s.
P a cfc N Y C an 7 s '0 6 . J -D
49
Con 5 s 1 9 3 9 ...............A -O
5%
5%
C on 4 s 1 9 3 9 ...............A-O
69
70
P e n n S t e e l 1 s t 5 s ’17 M -N
75
P e o p le ’s T r l r c e r t s 4 s ’4 3

* B id and a sk ed p r ic e s ; n o s a le s on t ills d ay.

4 A m e r ic a n A l k a l i ............. 50

100
*4 E e b 3
D o p r e f ...................... 50
23% C a m b ria S t e e l .................. 50 2*081 2 3 M ay 17
C hoc O k Sc G- tr c t f s ___ 50
7 0 J a n 10
D o p r e f t r c t f s ___ 50
5 3 J a n 16
30*4 C o n so l L a k e S u p e r io r .. 1 0 0 6 ,8 1 1 21% M a r 2 0
D o p r e f .......................1 0 0 1 ,1 0 9 66% J a n 3
76
L e h ig h C oal A N a v ___ 50
20 71 A p r 15
75
34% L e h ig h V a l l e y ................... 50 6 ,7 6 2 33% M a y l7
2% F e b 3
3% M a r sd e n C o .........................1 0 0 1 ,1 6 5
1 N a t io n a l A s p h a lt ............ 50
*4 J a n 29
D o p r e f ...................... 50
%A pr 2
1%
75% 6 P e n n s y lv a n ia R R ........... 50 2 ,0 6 7 73% J a n 14
3% J a n 27
57le P h ila d e lp h ia E l e c t r i c . . 25 7 ,7 6 1
329ie R e a d i n g .............................. 50 4 2 ,1 6 8 26*4 M a r l l
D o 1 s t p r e f ............... 50 1 ,3 2 3 4 0 M a r 6
42*4
D o 2 d p r e f ................. 50 9 ,1 3 0 3 0 J a n 14
35
43% U n io n T r a c t o n ................. 5 0 1 6 ,4 0 5 3 2 J a n 6
106% U n it e d G a s I m p t ............. 50 1 2 ,5 1 8 1 0 1 % M a y 2 8
39 W e ls b a c h C o ..................... 1 0 0
5 3 5 2 4 J a n 31

B id

A sk

122%
122
29
112%
98
106
125
1.27'
120
119
112% 113%

112
115
98% 98%
11 9
117
109%
11!
110%
112
113
118%
125% 126%
125
123
140
88
105

i ‘ 5*4
0

102
103%
88
116
104%
120
121
i ‘ i"
i
115%
i *14 % 115%
100% 1 0 1
110
106% J07

B id
P Co 1 s t A c o l t r 5 s ’4 9 M -S
P h il E l e c g o ld t r u s t c t f s .
T r u s t c e r tify 4 s ................
P A E g e n M 5 g ’2 0 . A -O
G e n M 4 s g 1 9 2 0 - .A A O
P h A R e a d 2 d 5 s ’3 3 . A -O
C on M 7 s 1 9 1 1 ........ J -D
C on M 6 s g 1 9 1 1 . . ..J - D
E x I m p M 4 s g ’4 7 . A-O
C on M o f ’8 2 4 s ’3 7 . J-J
T e r m in a l 5 s g’ 1 9 4 1 . Q -F
P W A B c o l t r 4 s ’2 1 . J -J
R e a d C o g e n 4 s 1 9 9 7 .J -J
R o c h e ste r R y con 5 s 1930
S E E S id e 1 s t 5 s g ’3 5 J -D
U T r a c P i t g e n 5 s ’9 7 J -J
W e ls b a c h s f 5 s 1 9 3 0 .J -D
•
B A L T IM O R E
I n a c tiv e S to c k s
A t la n t a A C h a r lo t te .. 1 0 0
C a n to n C o .......................1 0 0
G e o r g ia S o u A F la . . .1 0 0
1 s t p r e f ......................... 1 0 0
2d p r e f ........................... 1 0 0
G -B -S B r e w in g ............ 1 0 0
M t V e r n o n C o t D u c k ........
U n i t E l e c L A P p r e f . 50
Bonds
A n a c o s t ia Sc P o t 5 s ............
A t l Sc Ch 1 s t 7 . . . 1 9 0 7 J-J
A t l C o a st L ( C t) c t f s 5 s J -D
B a lt C P a s s 1 s t 5 s ’11 M -N
B a lt F u n d g 5 s . 1 9 1 6 M -N
E x c h a n g e 3% s 1 9 3 0 J-J
F u n d i n g 3 %s J 9 5 2 .. J -J
B a lt A P 1 s t 6 s m i ’l l A-O
1 s t 6 s t u n n e l .. 1 9 1 1 J-J
B a lt T r a c 1 s t 5 s . . ’2 9 M -N
N o B a lt 1)1 v 5 s 1 9 4 2 .J-D
C o n v e r tib le 5 s . ’0 6 M -N
C e n tr a l R y 6 s . . . 1 9 1 2 4-4
C o n so l 5 s ___ 1 9 3 2 M -N
E x t A Im p 5 s . 1 9 3 2 M -S
C h a s C ity R y 1 st 5 s ’2 3 J-J

111%
97%
67
120%
108%
13 1
124%
118
109
108*2
125

A sk
112*2

1

A p r 28

26 Jan 7
83% A p r 2
60% A p r 10
36 A pr 2 9
80*4 A p r 29
78% J a n 2
38*4 J a n 2
4% J a n 2
1*16 F e b 7
2 M ar24
77% M a y 2
5% A p r 10
34% M ay 1
43% A p r 25
3 7 A p r 22
44*4 A p r 3
126 F eb 8
40% M ay 2 9

2% J a n
% D ec
%M ar
*8 A p r
15% M ar 31% J ’n e
3 7 % J a n 82% N o v
4 5 F e b 59% M a y
20% D e c 38% A p r
4 0 F e b so * 4 J ’ly
62% J a n 79% A p r
28% J a n 39% M ay
7% J a n
3% D e c
8% F e b
*4 D e c
1 Jan 16 F e b
69 M ay 8 1 A p r
4*4 D e c
8% F e b
12% J a n 28% D e c
34% J a n 41% D e c
19 J a n 32% D e c
24*4 J ’n e 3 7 J a n
1 1 3 S ep 128% J a n
3 8 D ec 55 A p r

B A L T IM O R E

C h as R y G A E l 5 s ’9 9 M -S
C h ari C A A e x t 5 s . ’0 9 J -J
2 d 7 s ..................1 9 1 0 A -O
121% C ity & S u b 1 s t 5 s . . ’2 2 J -D
C ity A S u b ( W a s ) l s t 5 s ’4 8
C ol A G r n v 1 s t 6 3 .1 9 1 6 J-J
125% C o n so l G a s 6 s . . . 1 9 1 0 J -D
5 s ......................... 1 9 3 9 J -D
109*2 G a A A la 1 s t p f 5 s . ’4 5 A -O
G a C a r & N 1 s t 5 s g ’2 9 J -J
109
G e o r g ia P 1 s t 6 s . . . ’22 J -J
126
G a S o & F la 1 s t o s 1 9 4 5 J -J
100
100% G -B -S B r e w 3 -4 s 1 9 5 1 M -S
2d in c o m e 5 s 1 9 5 1 M -N
110
112*2 K n o x v T r a c 1 s t 5 s ’2 8 A-O
117
117*2 L a k e R E l 1 s t g u 5 s ’4 2 M -S
72% 7 3
M e t S t ( W a s l i) ls t 5 s ’2 5 F A
M t V e r C ot D u c k 1 s t 5 s
I n c o m e s ............................
N e w O rl G a s 1 s t 5 s . . V ar
N p t N A O P 1 s t 5 s ’3 8 M -N
167
N o r fo lk S t 1 s t 5 s ’4 4 . . J -J
97
98
N o r t h C e n t4 % s 1 9 2 5 A -O
50
6 s 1 9 0 4 ......................... J -J
100% ib o %
S e r ie s A 5 s 1 9 2 6 __ J -J
82*2 85
S e r ie s B 5 s 1 9 2 6 . . . . J -J
16% 17%
P i t t U n T r a c 5 s 1 9 9 7 . J -J
10% 11
P o to V a l 1 s t 5 s 1 9 4 1 . . J -J
40% 41
S e c A v T ( P i t t s ) 5 s ’3 4 J-D
S a v F la Sc W e s t o s ’3 4 A-O
96
97
S ea b o a rd A L 4 s 1 9 5 0 A-O
115
115*2 S c a b Sc R o a n 5 s 1 9 2 6 . J -J
120
S o u th B o u n d 1 s t 5 s ..A - O
10 7
io o
U E 1 L A P 1 s t 4 %s’2 9 M -N
U n R y Sc E l 1 s t 4 s ’4 9 M -S
122*2 12 3
111% 112
I n c o m e 4 s 1 9 4 9 ........ J -D
113*2 .......... V a M id 1 s t 6 s 1 9 0 6 . -M -S
2d s e r ie s 6 s 1 9 1 1 . . . M -S
3d s e r ie s 6 s 1 9 1 6 . . M -S
4 t h s e r 3 -4 -5 s 1 9 2 1 . M -S
i' 1‘5 % i i ? "
5 th s e r ie s 5 s 1 9 2 6 .M -S
J 19% 1 2 1
100% 1 0 1
V a (S ta te ) 3 s n e w ’3 2 . J -J
3 10
F u n d d eb t 2 -3 s 1 9 9 1 . J-J
117
W e s t N C co n 6 s 1 9 1 4 J -J
119
117
W o sV a C A P 1 s t Gg’l l J -J
107
107% W il Sc W eld 5 s . .1 9 3 5 . J -J

B id
92%
122%
101
11 5
94
120*2
114*2
116%

A sk
93
117
95
123
11 5
117%

114
114%
128
130
115% 116%
52% 53
42*2 4 3
99
98
119
118*2
81
81*2
49
49%
107%
114
115
107
123
123
115*2
118*2
117
115*2
85%
115
112
84*2
96%
69%
107*2
115%
120
113%
116*2
95%
96%
120
11 5
121

107%
115

119*2
86
112%
85
96%
69%
____ ^

. mmmmm

96%
97%
12 3
115%

THE CHRONICLE

1246

V o lu m e ot B u sin e ss a t S to ck E x c h a n g e s
T R A N S A C T I O N S A T T H E N E W Y O R K ST O 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

Stocks

Week ending
Ju n e 13
iyu'3

Shares

State
Bonds

R ailroad Jcc
Bonds

| R a t value

$ 9 3 0 ,5 0 0
1 .2 5 7 .5 0 0
1 .9 0 8 .5 0 0
2 ,0 7 7 ,0 0 0
2 .0 2 0 .5 0 0
3 ,0 0 0 ,5 0 0

$ 1 ,0 0 0
1 0 ,0 0 0

1 ,4 8 8 ,9 2 0 |$ 1 3 9 ,1 7 9 ,2 50| $ 11 ,8 0 0 ,5 0 0

$ 1 1 ,0 0 0

5 0 ,3 5 9
178,3821
2 7 0 ,1 3 0
3 8 1 ,7 4 3
2 6 5 ,9 3 9
3 3 0 ,3 0 7

bat u n l a y ..............
M o u t la y ................
T u esd ay. . . . . . . . .
W e d n e sd a y ........
T h u r s d a y ............
F rid a y ...................
T o t a l ................

V s
Bonds

$ 5 ,3 2 5 ,9 0 0
1 5 ,0 0 7 ,2 0 0
2 0 ,5 9 4 ,7 5 0
3 0 ,0 1 6 ,8 0 0
2 6 ,0 3 1 ,4 0 0
3 0 ,0 0 4 ,2 0 0

Week m utiny Ju n e 13

Sales at
New York Stock
Sxchange

1901

1902

$ 2 ,0 0 0
1 0 ,0 0 0
1 ,0 0 0
5 ,0 0 0
$ 1 8 ,0 0 0

J a n u a ry 1 to Ju n e 13
1901

1902

8 2 ,5 8 0 ,5 2 0
1 0 8 ,3 2 8 ,2 1 0
block.')—N o. a Hares
1 ,4 8 8 ,9 ^ 6
4 ,0 9 8 ,7 1 0
P ar v a lu e ..........$ 1 3 9 ,1 7 9 ,2 5 0 $ 4 5 9 ,9 1 7 ,8 5 0 $ 7 ,7 8 9 ,0 3 5 ,3 2 6 $10,300,986,325
$ 1 1 8 ,4 7 5
$ 3 9 0 ,5 0 0
B a n k sh ares, p a r ..
........
........
BONDS

$ 1 1 ,0 0 0
3 ,5 0 0
2 4 ,1 7 0 ,9 0 0

$ 4 4 0 ,0 0 0
1 ,3 0 2 ,0 0 0
4 4 1 ,9 5 0 ,8 0 0

$ 1 ,1 8 1 ,5 7 0
2 ,0 9 1 ,4 0 0
0 0 2 ,0 3 2 .4 0 0

oUti b un ds___ 1 $ 1 J .8 9 5 ,5 0 0 | $ 2 4 ,4 9 1 ,4 0 0 1

$ 4 4 3 ,0 9 3 40 0

$ 0 0 5 ,3 0 5 ,3 7 0

G o v e r n m e n t b ond s
S ta te b uilds. ............
HU. a iu lu u a . b onds

$ 1 8 ,0 0 0 ,
1 1 ,0 0 0 ,
1 1 ,8 0 6 ,5 0 0

D A IL Y T R A N S A C T IO N S A T T H E BO STO N A N D P H I L A D E L P H I A
EXCHANGES

Week en d in g
Ju n e 13
1UOJ

P h ila d e lp h ia

Boston
B ond
sales

Listed
shares

Unlisted
shares

Bond
sales

Listed
shares

Unlisted
shares

S a t u r d a y ........
M o n d a y ........ .
T u e s d a y ..........
W ed n esd a y . .
T h u r s d a y ........
F r i d a y .............

3 ,3 0 4
8 ,1 4 0
9 ,4 3 9
8,451
0 ,2 3 8
7 ,9 1 5

1 ,5 5 9
4 ,4 7 4
2 ,4 5 1
4 ,9 5 8
5 ,1 2 7
1 2 ,8 1 0

$ 2 8 ,5 7 5
9 0 ,2 5 0
1 7 ,0 1 0
1 0 2 .5 0 0
7 0 ,9 0 0
1 8 0 .5 0 0

4 ,8 2 5
2 0 ,7 9 1
1 9 ,6 2 3
2 4 ,8 8 2
1 5 ,1 1 7
2 9 ,1 0 0

1 ,9 4 2
1 3 ,4 8 5
9 ,1 1 8
3 ,9 5 8
8 ,1 5 8
5 ,1 9 3

$ 5 1 ,6 0 0
2 1 3 ,0 0 0
1 6 6 ,8 7 5
148,91)0
1 3 3 .1 0 0
1 9 9 .1 0 0

T o ta l............

4 3 ,4 8 7

3 1 ,3 8 5

$ 4 9 6 ,3 3 5

1 2 0 ,4 0 4

4 1 ,8 4 9

$ 9 1 2 ,5 7 5

O utside S e c u r itie s
A W eekly Review ot Outside M arket w ill be fo u n d on a preceding page.
S tr e e t R a ilw a y s
NEW YORK CITY
B le e c k S t tfc F u l F s t k 100
1 s t m o r t 4 s 1 9 5 0 ___J-J
B ’w a y tfc 7 th A v e s t k .1 0 0
1 s t in e r t 5 s 1 9 0 4 . . . J-D
2d m ort 5 s 1 9 1 4 ........ J-J
C on 5 s 194 3 See S tock
B ’w a y S u rf 1 s t 5 s g u 192 4
2d 5 s in t a s r e n ta l 1905
C e n t’i C ro ssto w n s t k .1 0 0
1 st M 6 s 1 9 2 2 ........ M -N
C en P k N ifc E R iv s tk 100
C o n so l 7 s 1 9 0 2 ____ J-D
C h r ist’r <fc 1 0th S t stk 100
Cohfc 9 th A v e 5 s See S to c k
D ry D E B tfc B a t s t k 100
1 s t g o ld 5 s 1 9 3 2 ...J - D
S crip 5 s 1 9 1 4 .......... F-A
E ig h th A v e n u e s to c k 100
S crip 6 s 1 9 1 4 .......... F -A
42d <fc Gr S t F e r r y s t k 1 0 0
4 2 d S t M ifc S t N A v e 1 0 0
l s t m o r t 6 s 1 9 1 0 ...M -S
2d in c o m e 6 s 1 9 1 5 ..J-J
L e x A v < P a v F 5 s See St
fc
M e tr o p o l S e c u r itie s See
M e tro p o l S tr e e t R y See
N in t h A v e n u e s to c k . 100
S e c o n d A v e n u e stocklO O
l s t m o r t 5 s 1 9 0 9 . . M -N
C o n so l 5 s 1 9 4 8 ........ F -A
S ix th A v e n u e s t o c k .. 100
S o u B o u le v 5 s 1 9 4 5 ..J-J
S o F e r 1 s t 5 s 1 9 1 9 .. .A - 0
T h ird A v e n u e See S to ck
T a r ry W P & M 5 s 192S
Y k e r sS tR R 5 s 1 9 4 6 A -0
2 8 tli cfc 2 9 th S ts 1 s t o s ’96
T w e n ty -T h ir d S t s t k .1 0 0
D eb 5 s 1 9 0 6 ................J-J
U n io n R y 1 s t o s 1 942 F -A
W estc k e s t 1 s t 5 s ’43 J -J
RKOOklA X
A tla n A v e 5 s 1 9 0 9 . . A -0
Con 5 s g 1 9 3 1 .......... A-O
Im p t 5 s See S tu ck E x c
B B A W E 5 s 1 9 3 3 ..A -O
B r o o k ly n C ity s t o c k .. . 10
C on 5 s See S to c k E x c b
B k in C ro sstn 5 s 1 9 0 8 . J -J
B k n H g t s 1 s t o s 194 1 A-O
B k in Q Co tfc S u b See S tk
B k ly n R ap T ra n See S tk
C o n ey Isla n d ifc B klynlO O
1 st 5 s 1 9 0 3 ..................J-J
d s c r t f s in d b t 1 9 0 3 .. J-J
B r k C & N 5s 1 9 3 9 .J-J
G r S tifcN ew 1 s t 5 s ’06 F -A
G F p t ifcLorim er S t 1 s t 6s
K in g s Co. E le v a te d —
1 st 4 s 1 9 4 9 See S to ck
N a s s a u E le c p rof........ 100
5 s 1 9 4 4 ........................A-O
1 s t 4 s 1 9 5 1 ..................J-J
W b ’gtfc F ia t 1 s t e x 4 * 3 .
3
S te in w a y 1 s t 6 s 1 9 2 2 . J-J
O TH ER CITIES

B u ffalo S tr e e t R y —
1 s t c o n so l 5 s 1 9 3 1 ..F -A
D eb 6 s 1 9 1 7 ..............A .o
C h icago C ity R R s t k .1 0 0
C lue U n io n T ra c See S t ’ck
C ieveL m d C ity R y ___ 100
C le v e la n d E leC tr Rj'.lOO
C o lu m b u s ( 0 ) S t R y . . l 0 0
P r e f e r r e d ....................100
C olum R y con 5 s See P h
C r o sst’w n l s t 5 s ’33.J-1)
D e tr o it U n ite il R y See S tk

B id
34
99
250
101
108
E x c li
§114
HOI
265
§122
208
10L
185
E xch
120
114
103
400
105
407
70
112
98*3
k Exc
S tk E
S tk E
200
217
§105*3
§117*3
170
§111
§108
E xch
108
108*3
§113
408
102
116
108

A sk

36*4
102
253
102
109*2
lis t
116
102
275
125
220
104
195
lis t
130
116
104*3
410
109
420
75
113
100
list
x lis t
x lis t
205
221
106*2
119*3
180
115
110
lis t
110
110
115
415
106
117
112

S tr e e t R a ilw a y s
G rand R a p id s R y ___ 100
P r e f e r r e d ....................100
In d ia n a p o lis S t R y See
J C H o b & P a te r s o n .. 100
4 s g N o v i 1 9 4 9 . . .M -N
L a k e S t (C hic) E l s t k .1 0 0
D eb 5 s 1 9 2 8 ................J-J
L o u is v S t R y 5 s 1 9 3 0 J cfcJ
Lynncfc B o s 1 s t 5 s ’2 4 . J -D
M in n ea p S t R y 5 s See S tk
N e w O r lea n s R y s C o. 10 0
P r e f e r r e d ..................1 0 0
N o r th C hic S tr s to c k . 100
1 s t 5 s 1 9 0 9 ................J-J
N o r th J e r s e y S t stocklO O
4 s 1 9 4 8 ......................M -N
P a t R y co n 6 s 1 9 3 1 ..J-D
2d 6 s 1 9 1 4 ..................A-O
R o c h e ste r R y ................1 0 0
P r e fe r r e d ....................1 0 0
Con 5 s 1 9 3 0 ..............A-O
2d 5 s 1 9 3 3 ..................J-D
So S id e E l (C h ic) s t k .1 0 0
S yracu se R ap Tr 5s 1946
U n it R y s ( S t L T r a n s) 1 0 0
P r e f e r r e d ....................10 0
G en 4 s 1 9 3 4 ................J-J
U n it R y s S a n F r a n su b s.
C om m on (w h e n iss u e d )
P r e fe r r e d (w h e n iss u e d )
4 s 1 9 2 7 .................................
W e s t C h ica g o S t .......... 1 0 0
C on g 5 s 1 9 3 0 ........ M -N

A sk

48
95
P h ila
18*3
§ 78*3
12°8
103^
§117
§112
E xch
11

52
98
lis t
19*4
80
13
1 0 3 fis
118*4
113*3
lis t
12
70

§ ..........
29*3
83
§128
§100
63 *3
100
§111*3
§102

30*3
84
132
67
102
112*3
1 04
114
1 04
3 1 34
84*3
87 34
103
24%
64*4
91*3

102
31
84
§ 87
1 0 2 34
23*4
63*8
90*3
97*3
§100*4 100*3

N E W YO RK

C en t U n io n G a s 1 s t 5 s . . .
Con G as (N Y " )sto ck N Y
E q u i t G a s o o n 5 s l 9 3 2 See
M u tu a l G a s....................1 00
N e w A m ste rd a m G as—
1 s t c o n so l 5 s 1 9 4 8 . . J-J
N Y G E L H tfcP See S to ck
§103
N Y cfc E a s t R iv e r G as—
114
1 s t 5 s 1 9 4 4 ..................J-J
115
h lis t
C o n so l o s 1 9 4 5 ..........J-J
101*3 103*3 N o r U n 1 s t 5 s 1 9 2 7 .M -N
S ta n d a rd G as c o m ___10 0
248*3 250
lis t
P r e fe r r e d ..................10 0
104
107
1 s t o s 1 9 3 0 .............. M -N
105
108
O TH ER CITIES
E x c h list
E x ch lis t
A m e r L ig h t tfc T r a c t. 100
3 5 0 400
P r e fe r r e d ....................10 0
Rn.lTimoro C o n so lid a t Sep
lo l
101
B ay S ta te G a s ................50
103
115
B in g h a m to n G as o s 1 9 3 8
116
103*2
B o sto n U n ite d G as bonds
105
B u ffalo C ity G as stocklO O
1 s t 5 s 1947 .............. A -0
E xch lis t
C h ica g o G as See N
Stk
83
85
C in c in n a ti G as ifc EleclO O
Coi G as L <fc H e a t comlOO
113
115
88
P r e fe r r e d ....................10 0
90
105
1 st 5 s 1 9 3 2 ..................J-J
106
§117
119
C onsol G a s (N J ) s t k .1 0 0
1 s t 5 s 1 9 3 0 ..................J-J
C ou su m G as (J C ity )—
1 s t Os 1 9 0 4 ..............M-N
§115
D e tr o it C ity G as See S tk
117
§106
E s s e x <fc H iid -so n (-»a s i 0 0
207*3 2 2 0
F or t W a y n e 6 s 19 * 5 .. .j -J
2
E x c h lis t
G as & E lec B e r g e n Co 1 0 u
105
109
G rand R a p id s G a s—
80
82
1 st 5 s 1 9 1 5 ................F-A
51
53
H artford (Ct) G as L . .. 2 5
107 108
H u d so n Co G a s............100
ila list
5 s g 1 9 4 9 ..................M -N
111
In d ia n a N a t cfc 111 G as—
§109
E x c h lis t
1 s t 6 s 1 9 0 8 ..............M -N

§ B u y e r p a y s a ccru ed iu te r e st.

B id

\ P r ic e p er sh a re

§109
S to c k
S tk E
330

111
E xc
x lis t
34 0

§112 113
E x ch lis t
111%
10 8
108
13 0
150
§115*3

1 14
112
1 10
14 0
160
118

37
39
96
98
B a lt lis t
1 34
l 5s
§ 93
95
B o sto n list
12
14
80 * 3

E xch
104*4
95*3
107*3
§108
15
85

86

list,
1 0 4 34
96*3
108
109*3
17
87

§ 103
104
E xch list
27
‘8
2
50
55
§104*3 106

i ..........

3 0 *3 31
§102*3 103

49
51
f S a le p rice

[V o l . L X X IV .

I n d u s t r ia l a n d IH isce l
Hid
A sk
01 a 1 in (H B ) 2d p r e f.1 0 0 108
1
C o m m o n ...................... 1 00
98
io o
Colo Fui'ltfclron deb See S to c k ExcU
60
Col A H ock Coal tfc l p f 1 0 0
05
1 s t g 6 s 1 9 1 7 .............. J -J
86
93
8
10
C o m p ressed A ir C o ... 10(1
C u n so lid C a r H e a tin g 100
50
00
C onsol F ir e w ’k s com . 100
10
20
P r e fe r r e d .....................100
55
5*3
( ’o n s lty L tg ifcR efrig . 100
0
C o n so l R u b b er T ir e .. 100
3
‘ *4
2
D e b e n tu r e 4 s ....................
‘0
2
24
C o n tin e n ta l T’o b ac deb 7s 10 4
107
69
C ram p s’ S h ifcE u B ld g 100
74
C ru cib le S t e e l ...............100
22
22*8
P r e f e r r e d .....................100
87*4 87*3
D iam ond M a tch Co Set E x ch list
10
20
D o m in io n S e c u r itie s . 100
30
E le c tr ic B o a t.................100
32
45
50
P r e f e r r e d .....................lo o
7
E le c tr ic V c h ic le ..........100
6*4
15
14
P r e fe r r e d .....................100
E le c tr o -P ueunO ic T ra n il) 1 l \
n4
E m p ire S t e e l.................100
10*3 12
T o l e g r A T e le p h o n e
63
66
P r e f e r r e d .....................100
2
G en era l C a r r ia g e ........10 0
A m er D ie t T eleg/teeH tock E x c li lis t
1 6«
112
C e r tific a te s of d e p o sit.
4*3
B e llT e le p h of B u ffa lo 100 107
4>4
66
07
104
G e n e ra l C h e m ica l___ 10 0
C en tra l ifc So A m e r ... 100 101
55
60
103
P r e f e r r e d .....................100 100
C lies ifc P o to T e le p li .. 100
107
G orham M fg Co co m . 100 120
6 s 1 9 0 9 -2 9 .................... J-J 105
184
P r e f e r r e d .....................100 125
C o m m ercia l C a b le ___ 100 175
G r e e n e C o n so l C opper. 10 1 28*4 28*3
C um m er U n T e l (N Y ).2 5 115
78
6
15
84
11 a c k e n sa c k M en d o w s 100
E m p ifc B ay S ta te T e l 1 0 0
80
90
47
55
H a ll S ig n a l C o ............ 100
F r a n k lin .......................... l o o
H a v a n a C o m m ercia l. 100
123
19*3 2 0
Gold <fc S to c k .................100 120
60
62
4 * 8 , 1 9 0 5 ...................
3
P r e fe r r e d ....................1 0 0
51
55
1 10
H a v a n a T o b a cco Co (w i)
H u d so n R iv er T e le p li 1 00 1 0 6
68
76
P r e fe r r e d (w i ) ........
M e x ic a n T e le p h o n e See B o sto a list
N e w E n g T e h p lum e Set B o sto n lis t H eck er-J ou es-J e w ’l M 111
95
100
126
1 s t Os 1 9 2 2 .................M-S
N o r th w e s te r n T e le g . ..6 0 122
3
2
H e r r in g -ila ll-M a r v in 100
178
N Y A N J T eleph one. 10 0 175
30
40
1 s t p r e fe r r e d ...............100
6 s 1 9 2 0 .......
M -N ] 1*2 114
10
5
80
85
2d p refe rre d ........ . .. 1 0 0
PaoiliC <fc A t la n t ic ........ 25
H o b o k e n L an d cfc ImplOO 105
P r o v id e n c e T e le p h o n e . 50 1109*3
io o
5 s 1 9 1 0 ...................... M -N 10 6
96
S o u th e rn < A t l a n t ic ..25
fc
20*3 21*3
H o u sto n O i l ...................100
7
T e l T e l ifc C able of A m . 15 1 ..........
75
79
P r e f e r r e d .....................100
E l e c t r ic (,'oinpm iiew
JO5
I n te r n a t ’lB a n k in g C o lO O 2 0 0
10
13
C h ica g o E d iso n C o ... 1 00
In te r n a tio n a l S a lt certfs.
E d ison E l 111 B rk 4 s N Y S to ck E xch I n te r n a t’l S ilv e r See S tk E xch list
103
G e n e ra l E le c tr ic Co N Y S to ck E xch
Os 1 9 4 8 .......................... J-D 100
1
*3
H artford (Ct) E le c L t 100 198
Iron S te a m b o a t ............ 25 1
100
K iu g sC o E lecL ifcP C olO O 195
200
J o h n B S te ts o u c o m .. 100 150
P r e fe r r e d .....................100 150
N a r r a g a n (P r o v ) E l Co 60 1 104
40
N Y A Q E l LifcPowC olO U
41*3 L a n sto n M o n o ty p e ___ 20 1 12*8 12®8
215
P r e fe r r e d ................... 100
76
L a w y e r s M ort in s u r .1 0 0 20 5
78
L a w y e r s ’ S u r e t y ........ 100 11 0
R h o ls i E le c P r o te c ColOO 125
1 3 78 14*4 L a w y e r s’ T itle I n s . ..1 0 0 3 6 0
U n ite d E le c tr ic of N J 1 0 0
69
4 s 1 9 2 9 .........................J -13
L orillard (P ) p ro f........ 100 125
70
19
14
See B a lt list M ad ison S<i G a r d e n ..1 0 0
55
2d 6 s 1 9 1 9 .................M -N
F e r r y C o m p a n ie s
8
9
M e x N a t C on stru e.p flO O
16
M o n o jig a lie la R C oal..5U r 1 2 7g 13
B ro o k ly n F e r r y stocklO O
19
42*3
115
P r e fe r r e d ....................... 50 t 42
N Y tfc B 1 s t Os 19.11. J-J 113
M o n t & B o s Cop See B o st on S tk E x
Con 5 s 1 9 4 8 See S to ck E x c h list
102*3
no
M e tro p o lita n F e r r y 5 s . . . 108
H o s ie r S a fe C o............ 100
22
80
15
N a tio n a l B r e a d ............ 100
N Y <fc E l i F e r r y s t k .1 0 0
92*3
P r e f e r r e d .....................100
1 s t o s 1 9 2 2 ...............M -N § 9 4
24*3 25
09
N Y ifc H o b o k e n s t k .1 0 0
N a tio n a i C a rb o n ..........100
71
93
P r e f e r r e d .....................100
H o b F y 1 s t 5 s 1 9 4 0 M -N §112*3 114
31
31*3
87
Con 5 s 1 9 4 0 ..............J-D § 8 6
N a t E n a m ’g & S ta m p 100
87
88
P r e f e r r e d .....................100
N e w Y'ork tfc N e w J er sey
N a tio n a l S u r e t y .......... 100 14 0
105
1 s t 5 s 1 9 4 0 .................. J-J 1 0 2
33
38
75
N e w C en tr a l C o a l.......... 20
1 0 th <fc 2 3d S ts F e r r y 100
116
1 s t m o rt 5 s 1 9 1 9 ...J -J ) §105
N Y B is c u it Os 1 9 1 1 .M-S 1 14
108
22
17
42
43
U n io n F e r r y sto c k . ..1 0 0
N ew Y
rork D o c k .......... 100
53
50
§ 98
P r e f e r r e d .....................100
165
N Y' R e a lty C orp ........ 100 160
R a ilr o a d
13*3
N Y T r a n sp o r ta tio n . . .2 0 1 13
A tc li Tifc S F e d eb 4 s 1904
N ic h o ls o n F ile C o___100 139
97*3
15
7
92
N o r A m L urn’r cfc P u lp 100
8*4
7*2
14*3 15*3 O n tario S ilv e r ...............1 00
§106
31*3 32*3
O tis E le v a to r c o m ___100
108
103
103
P r e fe r r e d .....................100 101
104
34
In c o m e 5 s 1 9 3 0 ..
P itts b u r g B r e w in g ___ 50 t 27*4 27*3
38
tk E x lis t
D e n v e r tfc S o u tli’n
P r e fe r r e d ....................... 50 t 45*8 45*3
24*8 24*3
E x c h lis t P it ts b u r g C oal...............100
tk E x lis t
P r e f e r r e d .....................1 00
89*4 893s
148
E x c li lis t P it t s P la t e G la s s ........ 1 00 147
91
S to c k E x c h P r a tt cfc W liitn p r e f .,1 0 0
M e x N a t - N a t of M e x
38 5
E x c h lis t
P r o c te r < G a m b le___ 1 00
&
E x c h lis t
P r e fe r r e d .....................100 2 0 0 20 5
1 30
102*3 1 0 2 34 R ap T S u b O per lO p d lO O 1 2 0
107
P it t s B e s s tfc L E .
R o y a l B a k P o w d p r e f.1 0 0 195
t 36*4 37
t 76
R u b b e r G oods M fg See S t o c k E x lis t.
63
B a lt lis t
R u s s e ll < E r w in .......... 25 t 60
fc
156
S a fe ty Car H e a t <fc L t 100 1 5 2
B onds
See N Y S to o l E x c h lis t
165
S im m o n s H a r d w com 1 00
140*3
I n d u s t r ia l a n d M is c e l
P r e f e r r e d .....................1 00 1 4 0
144
100
2d p r e fe r r e d ...............1 00
102
100
S in g e r M fg C o...............10 0 2 5 0 27 0
no
E x c h lis t
8*2 10
S ta n d a rd M illin g C o .10 0
A m a ig C opper St
34
32
o sto n list
P r e fe r r e d .....................10 0
A m A g r ic Chem See
81
79
t 57
60
5 s ....................................
630
A m B ic y c le See N Y S tk E x c h lis t
S ta n d a rd O il of N J . .1 0 0 625
13
13*3 S ta n d U n d erg d C able 1 00
35
31
S ta n d a rd C ouplercom lO O
54*4 55
P r e f e r r e d .................... 1 00 1 2 8 13 7
100
1 03
2V>
4
90
93
S to r a g e P o w e r .................50
A m e r ic a n E le v a t e d _
_
1 J8
1*4 S w ift tfc Co See B o s to n St k E x c h ’gd
10 2
3*o
1 s t 5 s 1 9 1 0 - 1 9 1 4 ....J - J §101
A m e r G r a n h o p h o n e ...
t
3
P r e fe r r e d ...................... 10 t ..........
7*3 T e n n e s s e e C op p er........ 25 t 16*3 17
90
7 34
b*4 T e x a s cfc P a c in o C oal. 1 00
no
P re fe rr ed
1 st Os 1 9 0 8 ................ A-O § 1 0 0
39*3 40*3
......
Os See S t
T itle G u ar cfc T r u s t ...1 0 0 00 0
T itle I n s Co of N Y .. 1 0 0 1 05 172
90
100
15*3 16*s
A m e r ic a n S c r e w .
65
T r e n to n P o tte r ie s comlOO
no
40
P r e fe r r e d .....................100 10 0
41
75
70
P referred
9 8 34 9 9 *3 T r o w D ir e c to r y n e w . . 1 00
4%
2
U n io n C op p er...................10 t 4%
6
33
20
1 s t p refe rre d ___
00
U n io n S te e l cfc C h a in .1 00
65
50
40
10
P r e fe r r e d ....................100
2d p refe rre d ___
A m e r ic a n S u r e ty .
1 7 0 18 0
U n io n S w itc h cfc S ig n a l 50 t 9 0
P r e fe r r e d ....................... 50 t ..........
3 7 34 38*3
B o n d s Os......................F
U n io n T y p e w r c o m .. 10 0
99 1 0 2
100
A m er T o b a cco c o m .. . .
3 2 8 3 40
1 st p refe rre d ...............100 127 ISO
180
P r e fe r r e d ....................1'
2d p r e fe r r e d ..............100 127
1 45
152
34% 85
U n ite d C opp er C o___ 100
A m T y p e fo T s s t o c k .. 1'
47
50
U S C ast Iron P ip e . See X \ 8 t h E x
A m e r W oolen See Sto<
E x c h list
16
14
U S C o tto n D u c k ........ 1 0 0
A m er W r itin g P a p e r . 1'
3
2 ”8
20
P r e fe r r e d ....................li
12
_
12*3 U s E n v e lo p e c o m _ 100
76
73
5 s 1 9 1 9 ......................... J-J
P r e f e r r e d .................... 10 0
71
73
S 3 3* 85
A n th r a c ite C o a l........
U S G la ss co m m o n . . . 1 ot)
>■
i>
140
B a r n e y cfc Sm C ar___
P r e f e r r e d .................... 100
P r e fe r r e d ..................
V S R oduotcfc R eti u in g 100 89*3
1*27 130
P r e fe r r e d ..................... 100
• 115
62*3 08%
T s s t e e l Corn o s
h iss )
94*3 9 5
140 ,145
9
It
U n iv e r s a l T o b a c c o ... 100
; ISO
85
15
P r e fe r r e d .....................100
jStock E x ch
13
n
Ya C oal Iron A C oke. 100
.
, no
118
5 8 Si
5 s 1 9 4 9 .............................MS 57
* *2*'- *24
2
C en t
W est n ig h M r Ur.ike ;>0i r ........ . 185
65
67
22
21
W h ile K nob M in in g 100
. 450 470
| 100 1102*3 |\Y o ith iu g P um p prof. 1001 125 180
I102 W

4<u» S e c u r i t i e s
B id A sk
75
86
In d ia n a p o lis U a s stuck 50
104
1 s t Os 1 9 2 0 ...............M -N 102
73
76
J a c k s o n G as C o .......... 60
5S g 1 9 3 7 ....................A O § 101 *3 103
32
22
K a n sa s C ity G a s ......... 1 00
6 s 1 9 2 2 . . . . ................A-O 101*3 103
90
L a c le d e G a s ..................1 0 0
88
110
108
P r e fe r r e d ...................100
55
60
L a fa y ’e U a s l a t Os’2 4. M-N
60
40
Lugifc W a b V l s t 6 s ’25 .J -D
M adison G as Os 1920.A -O § 10 7 *3 109*3
N ew a rk G a s 0 s 19 44 . Q -J §140*3 141*3
64
66
N e w a r k C o n so l G a s .. 100
5 s 1948 See S to c k E x c li lis t
N e w E n g G as ifc O See B os to 11 1 1st
22
O <fc I lid Cun N a t ifc 111 1 0 0 18
60
53
1 st Os 1 9 2 0 .............. J -1>
I I 00
P r o v id e n c e G a s .......... 50
98
S t J o se p h G as 5 s 1937.J J § 9 6
S tP a u lG a s G en 5 s ’44M -S l 92*3 95
98
S y r a c u se G as 5 s 1 9 4 0 .J-J
U n ite d Gastfc E le c , N J 1 0 0
3 6 y4 37*4
88
88*3
P r e f e r r e d .....................1 00

1247

I'HF CHRONICLE

J une 14, 1902.]

l u

i t f j e

s t m

e

w

t

a

m

i

l l U

RAILROAD

U

t ' m

u

l

J U

i t e X

A

i g

e m

e .

EARNINGS

T h e fo llo w in g ta b le sh o w s th e gross e a r n in g s o f e v e r y S t e a m railroad from w h ich reg u la r w e e k ly or m o n th ly retu rn s
c a n be o b ta in ed . T h e first tw o c o lu m n s o f lig u r es g iv e th e gro ss e a r n in g s for th e la te s t w e e k < r m o n th , and tin* la st tw o
c o lu m n s th e e a r n in g s for th e p eriod from .Bully ® to an d in c lu d in g su ch la te s t w eek or m o n th .

The returns of the street railways are brought together separately on a subsequent page.

N o tic e

C liU B ijg e—O ur y e a r ly to ta ls n o w a ll d a te from J u l y
Latest Qross E a r n i n g s

ROADS

Week

C u rren t

or M o n th

Year

$
14 ,9 6 0
A d iro n d a ck .......... A p r il..
43,715
A la (4t S outhern . 3d w k May
A la N O A ae x as Pac .June
03.000
N O A N o E ast. It h wk May
33.000
A la A VickSb’g Ithwlc May
3 7 .0 0 0
Vi ok si) Sh A P. ItlvwkM ay
Inc.
A lle g h e n y V alley A p r il.
27,765
A nn A rb or........... l s tw k ju n e
0,005
A im W ash & Bal. A p r il.......
A teh Top & S Fe. A p r il___ 4 ,9 5 3 ,2 3 8
2 6 3,992
A tla n ta A C har.. M a r ch . .. .
53,183
A tl K n oxv A N o. M ay ..........
13,045
A tla n tic A B irm M a y ..........
7 7 4 ,4 5 4
A ti C oast L in e. - A p r il.......
21,031
A tl Vatd A West.. Ma y ..........
8,082
B a lt A A nn S L .. A p r il........
B a it & O h io___> A p r il........ 4 ,1 4 2 ,5 4 0
B A O S o u th w . (
150,103
B a n g o r A Aroost A p r il........
2,105
B a th A H am m on A p r il.......
14,421
B e lla Zanes A Cin March. . . .
4,811
B e lle fo n te C ent’! M a y ..........
2,708
B r id g t A Saco R . A p r il. . . .
2,737
Butt A ttic a A Arc A p r il........
Butt* K och A r u t s 1 stw k ju n e 1 3 8,939
69,190
B uffalo A S u s q ... A p r il........
3 9 9 ,7 0 0
B u rl O R ap A No M a y .........
C anada A tla n tic February.. 1 2 3,195
C anadian Pacific 1 stw k ju n e 7 1 5 ,0 0 0
14,791
C ane B e i t ............. A p r il.........
C en t’l of Georgia 1 stw k ju n e 1 2 9 ,9 9 0
4 7 ,8 5 0
C en t’l N ew E n g .. M a r c h .
1 ,5 8 0 ,3 7 7
C ent’l o f N Jersey A p r il,.
1,460,185
C entral P a cific .. M arch.
2,107
C hattan S ou th ’n . 1 stw k ju n e
C hesap A O h io ... 1stw k ju n e 3 2 5,721
Chic A A lto n R y . A p r il..
0 6 2 ,0 5 8
Chic B url A Quin A p ril
4 ,2 2 5 ,4 8 1
Chic A £ Illin o is. 1 s tw k ju n e 124,801
Cliic G t W estern- 1 s tw k ju n e 1 2 6 ,6 8 9
Chic In d & L y . . . 1 s tw k ju n e
9 4 ,7 6 1
Chic M ilw & S t P A p r il........ 3 ,4 3 7 ,9 0 8
Chic & N orth W’n Ax>ril........ 3 ,7 7 2 ,2 2 4
1 2 7,307
Chic P eo A S t L .. M ay..........
Chic R I & P a c ... Ma rc h ___ 2 ,2 1 4 ,0 1 0
Cine S t P M A O. A p r il........
8 6 8 ,6 4 2
C hic T erm Tr RK 1 s tw k ju n e
3 1 .8 6 5
Choc Okl & Gulf* 4th w k Mar
89,707
Cin N O A T P a c. 3d w k M ay 1 1 2,533
Cl Cin Ch & St L. 1 stw k ju n e 3 8 0 ,8 9 9
P eo ria A E a s t’n 1 s tw k ju n e
4 4 ,9 8 9
C lev L or & Wheel J a n u a r y ...
194,003
C olorado a South 1 stw k ju n e 1 0 8 ,8 4 0
Col N ew b A Lau. A p r il____
1 5 ,5 8 4
Col Sand A H ock 1 stw k ju n e
24,699
8,090
C o rn w a ll.............. A p r il..
C orn w all A L e b .. A p r il..
2 6 ,0 0 5
C u in b erld V a l. ej Ax>ril
89,479
D e n v e r A R io Gi 1 stw k ju n e 2 3 0 ,5 0 0
D etro it Southern. )th w k Jan
37,752
81,211
D e t & M ackinac. A p r il.........
D u lS o Sh A A tl.. 4 th w k May
70,453
E St L A C arond. February
10,194
E r i e ......................... A p r il......... 3 ,5 8 6 ,8 8 3
E v a n sv A Indian ls t w uJu n e
6.071
E v a n sv A T f l . . . 1 stw k ju n e
28,640
F T ch ild A N ’r'e’u
3 ,7 7 i
_
_
Farrnv A P o w h a t [M arch...
6,859
F t W A D en v City IA p r il___
1 83,166
G eorgia R R .......... A p r il_
1 5 4,287
_
G a S o u th A F la .. [M ay........
96,997
G ila V a l G d. N .. A p r il.
3 6 ,2 3 5
Gr Trunk System 4 th w k M ay 8 2 9,377
Gr Tr A W est’n 3d w k M ay
93,152
D e t Gr H A M .. 3d wk M ay
22,089
G reat N orth ’n —
S t P M inn A M >
E a st, o f Minn \ M a y .......... 2,730 ,7 3 2
M o n tan a C en t’l M a y ..
186,511
T o ta l s y s te m . M a y ------- r 2 ,9 1 7 ,2 4 5
»
G u lf A S liip lsla n d M arch
113,730
H ock in g V a lle y .. 1st w k Ju n e 111,367
H o u s A T ex Cent IM a r c h ...
301,64u
Illin o is C en tra l.. M a y ........... 3 ,4 3 9 ,6 0 9
I llin o is Southern M a y ...........
10.792
7 4 ,1 3 2
I n t A G t N orth ’ll 1st wk Ju n e
In te ro c (Mex) — ;Wk May 24
8 1 ,3 0 0
Io w a C en tra l___ I stw k j une
4 0 ,5 9 9
Iron R a ilw a y ___
7 ,368
..........
K a n aw h a A Mich I I stw k ju n e
18,785
K an C ity S outh ’n A p r il.........
4 9 2 ,1 0 0
Lehigh Val R R .. [A p ril.......... 2 ,4 9 0 ,7 5 9
Leh Val Coal Co. 'A p ril......... 2 ,4 5 7 ,4 7 4
L e x in g A E a st’ll. iA pril ___
4 5 ,4 5 0
L ong isla n d
Inc. 02
A p r il.. . . .
01,042
Lou. H end. A St.L. M a y .........
L o u isv < N ashv. 1HtwkJ une 6 0 0 ,3 4 5
•:
M acon A B ir m ... |M a y ..
10,578
M an’te e A Gr. Kds A pril...
0 ,080
27,419
M an is A N o East. M arch
14.044
M a n istiq u e .......... [M ay..
M aryland A Penn March
20,022
t Mex ican C eiltra! Jstw k ju n e 1380,039
M exican In tern ’] 'A p ril........
5 3 5,387

Previous
Year

a.

Ju ly 1 to L a te st h a te
C u rre n t
Y ea r

HO A DS

Week
or M on th

C u rre n t
Y ear

P re v io u s
Y ear

$
*
$
1 02 ,7 0 8 tM exican R y ........ Wk M ay 24
7 9 ,8 0 0
8 8 ,3 0 0
20 ,0 0 5
16,230
1 ,9 5 9 ,6 8 7 M exican South'r 3d w k May
_
2 ,9 0 7
3 ,470
Mil Ion A So’ w'n. A pril _
50 .0 0 0 1 ,8 0 2 ,7 3 2 1,7 8 1 ,3 7 0 M ineral R a n g e .. April
5 8 ,9 8 0
4 5,818
2 9 .0 0 0
9 5 0 ,0 8 5
8 5 7 ,2 3 2 Min n eap A Bt L. 1 s t w k j une
7 1 ,1 0 2
07 ,3 3 3
t
9 9 9 ,3 0 4
28.000
833,7 75 M S t P A H S t M . 1stw k j une 118,557
9 5 ,9 2 7
3 8 ,0 7 0
Mo K an A T exas 1 stw k ju n e 2 0 7 ,0 0 3 2 5 1 ,0 7 0
20,995
Mo P a c A Iron M r i stw k j une 5 9 3 ,0 0 0 553 ,0 0 0
7 ,324
69 ,1 2 4
2 7 ,0 0 0
5 3 ,5 5 6
32,00(>
C entral Branch Istw k J une
4 ,8 7 4 ,7 4 0 4 9 ,7 7 ,415 4 5 ,0 1 9 ,9 1 0
T o ta l.............. 1 s tw k j une 6 2 0 ,0 0 0 5 8 5 ,0 0 0
215.571 2 ,2 5 3 ,0 8 0 2 ,1 7 2 ,8 5 9 Mob Ja ck A K C. Wic Ju n o 7
4,101
2,941
41,057
5 7 2 ,6 7 7
4 3 7 ,8 8 0 M obile A O h io . . c M a y ------5 9 7 ,7 8 4 509 ,5 6 7
1 24 ,2 8 0
8,299
7 3 ,0 8 2 Nash <’h A Bt La. M a y . .
083,291
039 ,9 4 *
CSS,197 6 ,7 8 0 ,2 6 * 6 ,4 4 8 ,1 7 5 N at’l Ry. of Mex 1 stw k ju n e
J 18,338 1 4 0 ,0 5 5
2 4 8 ,5 9 3
21,342
2 1 5 ,7 2 0 N ev -C a l-O reg o n . M a y .........
1 7 ,4 2 5
14,73*
88 ,7 1 7
7 5 ,2 0 1 N evada C en tra l.. M a rch ...
6,899
2 ,705
2 ,5 7 0
3 ,879,745 4 2 ,2 2 7 ,0 0 3 3 9 ,0 8 4 ,1 9 7 N Y C A H ud R i\ M a y ........... 5,963,01 0 5,783,M>9
4 0 8 ,8 8 8 4 0 0 ,8 6 5
N Y Onb A W est. A pril ...
1 23,220 1 ,4 2 2 ,1 4 2 1 ,2 0 4 ,9 4 1 N Y Susq A West A p ril
2 2 2 ,2 1 6 1 8 8 ,9 1 5
30 ,8 9 9
2,20b
3 5 ,7 2 7 N orfolk A W est’r 1 stw k ju n e 3 1 0 ,8 3 2 3 1 4 ,8 7 3
13,100
7 5 8 ,9 0
6 9 2 ,2 0 2
Northern Central A p r il____
3,832
3 8 ,1 9 4 N orth’n P a cific.. M a y _____ 3 ,3 3 4 ,7 4 6 2 ,9 1 9 ,5 0 9
53 ,2 5 6
34*521
2.799
3 3 ,7 1 1 P acilic C oast Co. A p r il----3 * 5 ,241
3 7 0 ,9 8 3
21 .7 1 2
2,015
2 2 ,4 2 5 Pen n —E a stP AEr A p r il......... 9 ,0 9 9 ,6 7 7 8 ,1 4 2 ,3 7 7
124,302 5 ,8 3 1 ,2 3 3 5 ,4 2 2 ,2 0 0
I n c . 66 7 ,0 0 0
W est P & E §... A pril . . .
6 9 8 ,4 3 3
61,561
5 9 3 ,5 4 6 Pere M a r q u e tte .. 4thw kM ay 2 3 8 ,7 8 5 2 4 1 ,5 9 1
3 9 9 ,7 7 2 4 ,9 5 9 ,0 0 4 4 ,5 5 9 .0 0 3 Phil a A E r ie ........ A p r il........
5 5 4 ,4 4 4 4 6 9 ,3 0 1
106,871 1,187 ,0 9 7 1 ,1 7 2 ,2 4 0 P h ila Wilm A B . . A pril ----- 1 ,0 1 5 ,3 7 3 9 4 8 ,0 7 3
0 0 5 .0 0 0 3 5 ,0 0 5 .0 0 0 2 8 ,7 5 8 ,0 2 0 P in e B lf.A rk .R . A p r i l ___
2 357
1 ,5 2 0
6,722
115 ,525
4 6 ,1 3 3 P ittsb C C & St L A p r il------ 1 ,7 9 2 ,1 2 5 1 ,6 4 2 ,8 4 7
1 1 0 ,8 2 0 7 ,3 2 2 ,7 3 7 6 ,5 5 4 ,4 3 4 P ittsb A W esl’n . M arch. —
3 2 0 ,491
3 6 7 ,7 9 8
52 ,4 1 0
4 4 9 ,3 0 9
5 3 4 ,0 3 5 P lant S y ste m — )
1 ,3 4 0 ,1 8 8
A la M idlan d . !
1 ,575,810 15,193 ,2 8 5 1 4 ,4 1 8 ,3 1 6
B runs A W’n.
6 9 8 ,7 0 9 6 3 0 ,8 7 0
1,694
99 ,9 4 7
87,> 41
Chas A S a v ... A p r il.........
3 1 4 ,2 9 0 15,655 ,5 3 1 1 4 ,3 7 2 ,1 2 2
Sav F la A W .
6 6 1 ,0 3 7 7,794 ,1 9 " 7 ,5 3 1 ,7 6 9
S ilS Oc A G -. j
3 ,8 6 2 ,3 1 3 4 4 .8 4 1 .2 3 8 4 1 ,6 1 7 ,1 4 5 R eading C o.—
1 0 7 ,7 4 0 5 ,8 6 2 ,2 8 3 5 ,3 1 8 ,5 7 5
P hil & R e a d .... A p ril . . . . 2 ,7 9 3 ,6 3 8 2 ,2 2 2 ,2 6 5
1 5 1 ,0 1 5 7 ,055 ,7 3 8 6 ,5 5 7 ,7 5 4
Coal & Ir C o___ A p r il........ 3 ,2 3 2 ,0 5 0 2 ,3 4 5 ,0 3 9
8 9 ,8 0 0 4 ,2 7 1 ,9 7 9 3 ,8 6 7 ,2 8 7
T o t b oth Co’s .. A p r il____ 6 ,0 2 5 ,0 8 8 4 ,5 6 7 ,3 0 4
3 ,2 4 4 ,1 9 6 38,255 ,0 0 8 3 5 ,5 8 0 ,8 3 0 Rich F r’ksb A P . Ma r c h .......
9 2 ,3 1 4
9 0 ,1 2 2
3 ,4 7 8 ,0 5 0 38,77 0 ,8 9 7 3 5 ,7 4 7 ,1 8 1 Rio G rande J e t .. M a r ch ....
3 9 ,7 0 2
4 1 ,1 4 5
9 ,3 0 2
‘ 00 ,7 4 3 1.326 .2 2 2 1 ,2 4 6 ,1 8 0 Rio G rande S o ... 1 stw k Ju n e
1 1 ,0 9 8
2 ,0 6 4 ,9 5 0 2 3 ,0 1 0 ,4 3 5 20,508,79-5 Rio Gr’de W e s t.. M a y ...........
4 3 4 ,1 0 0 4 3 2 ,4 0 0
8 0 5 ,4 5 5 9 ,9 9 5 ,8 4 0 9 ,0 3 0 ,4 6 1 R u tla n d ................. March........
30,168 1,519,971 1 ,3 3 0 ,9 6 5 St J o s & Gr I ........ A p r il........ .
9 5 ,4 5 9 1 2 3 ,6 4 3
7 5 .3 7 8 4 ,0 5 4 ,7 4 2 2 ,8 7 7 ,7 5 1 S t L K en ’6t A So. A p r il..........
1 0 ,0 8 4
2 3 ,1 0 0
99 ,3 5 3 4 ,9 2 3 ,7 2 0 4 ,4 3 3 ,7 3 7 S t L A N A r k ........ A p r il........
19 ,9 1 2
13 ,0 9 6
4 0 9 ,6 7 0 17,437 ,8 6 1 1 6 ,5 8 0 ,2 0 3 St L & S an F ran r 1 st wk Ju ne 3 4 1 ,9 4 9 3 1 4 ,1 3 8
y
53 ,2 3 0 2 ,3 5 8 ,7 9 2 2 ,3 1 9 ,7 4 1 St L S o u th w est 4 th w k May 1 9 7 ,1 0 5 1 6 2 ,0 7 8
1 43,593 1.542 .2 2 2 1 ,1 6 2 ,8 3 9 St L V an A T H . . M a y .......
1 7 8 ,7 3 4 1 6 8 ,6 8 3
117,197 5 ,1 3 0 ,2 1 1 4 ,4 1 8 ,8 0 5 San A n t & A P . .. A p r il___
2 4 7 ,6 2 0 2 2 6 ,0 4 7
12,156
8 9 ,9 8 2
1 5 4 ,7 6 0
151,0444: San F ran A N P .. M a y ........
9 4 ,7 7 0
23,722
San P ed ro L os A n­
10,665
19,532
13,139
9 4 ,4 4 8
8 8 ,2 4 8
g e le s A S a lt L. F ebruary.
367,700
2 8 0 ,4 7 5
2 1 7 ,9 8 1 Sav F la A W e st.. A p r il......... / 6 9 8 ,7 0 9 / 6 3 0 ,8 7 0
78,091
9 7 9 ,5 5 1
9 0 0 ,9 4 3 Seaboard A ir L .. 4 tliw k M a y 3 1 6 .1 7 2 271 ,0 0 2
2 0 7 ,9 0 0 1 0 ,9 1 1 ,5 3 9 1 0 ,6 5 2 ,3 3 9 So C A G a E x t . . . M a y . . . . . .
18,173
2 0 ,4 2 8
c
36 ,4 7 9
4 ,5 6 7
7 5 3 ,4 1 6
4 ,7 6 6
0 9 7 ,2 2 0 So H a v e n A E a s t. A p r il........
c
49,121
8 5 ,6 5 4
7 2 1 .4 2 5
5 8 ,7 7 9
6 9 6 ,7 3 7 S outhern I n d ___ M a y ...........
8 2 ,6 8 4 2 ,4 3 7 ,1 4 4 2 ,2 6 7 ,2 6 4 So P acific Co b . .. A p r il------ 6,8 1 0 ,1 8 1 6 ,8 3 6 ,8 5 5
11 222
14 921
2 9 .2 9 3
9 8 ,7 9 7
110 ,088
C arson A Colo. Mar c h .......
3,247*655 3 4 .3 2 5 .2 3 8 3 1 ,9 0 8 ,2 2 4
< e n tr a l Pacific Ma r c h ....... 1 ,4 6 6 ,1 8 5 1 ,5 7 5 ,8 1 0
4 .7 9 9
1 0 ,0 4 0
7 ,0 7 6
3 17 .9 6 1
3 0 1 ,4 2 8
D ir e c t N a v . Co. Ma r c h .......
26 ,3 9 6 1 ,3 8 6 ,9 9 3 1 ,3 4 6 ,6 4 6
5 3 7 ,6 8 9 5 9 8 ,9 9 5
G al H a r A S A . Ma r c h .......
3,196
3 1 ,0 4 6
2 3 ,5 8 4
G al H ou s A No Ma r c h .......
9 ,6 2 4
5,215
9 ,1 7 4
53,001
4 6 ,1 9 8
G ulf W. T. A P . M a r ch .......
7 0 ,5 2 2
1 6 5 ,0 1 3 1 ,8 5 3 ,8 1 2 1 ,7 0 4 ,0 6 2
7 5 ,6 1 8
H ous. E. A W.T. Ma r c li.......
c
13,968
1 3 7 ,0 3 4 1 ,7 0 6 ,8 0 5 1 ,5 8 7 ,4 3 8
1 8 .2 9 4
H ous. A Shrev. M a r c h ....,
94 .7 9 6 1 ,1 4 2 ,3 7 4 1 ,1 0 6 ,1 8 8
3 6 1 ,6 4 0 4 4 3 .7 9 0
H our A T ex Cun M a r c h .,..
3 ,4 1 2
3 0 7 ,8 1 8
4 ,9 9 3
27,938
3 0 5 ,2 8 6
Ib eria & Verm . Ma r c h ___
801,731 2 7 ,1 2 5 ,0 1 3 2 5 ,8 7 8 ,8 5 6
1 5 9 ,7 8 0 145,834
L ouis’a W e s t... v a r c h .......
07,773 3 ,9 5 9 ,6 1 0 3 ,7 7 9 ,9 8 5
M organ’s L A T M a rch ....... 4 0 3 ,2 8 3 6 5 9 ,6 0 6
2 0 ,8 5 3
14,658 1 ,0 2 4 ,9 2 4
2 3 ,4 7 0
9 2 8 ,4 6 5
N, M ex. A A riz.. Ma r c h .......
21 ,4 7 2
24 ,8 0 9
N Y T A M ex
M arch .......
2 8 7 ,9 9 1 2 4 9 ,1 6 6
O regon A Calif. M a r c h .....
2 ,1 4 0 ,5 1 8 3 2 ,1 1 8 ,0 5 6 2 4 ,3 8 8 ,4 0 6
4 9 ,4 5 3
49 ,3 3 0
Sonora R y
M a r c h .......
1 6 7 ,0 0 7 1 ,649 ,7 5 7 1 ,9 8 2 ,1 9 3
So P a c oj Cal .. M arch ....... 1 ,7 0 0 ,9 9 5 1,6 4 4 ,7 9 4
,307,525 3 3 ,7 0 7 ,8 1 3 2 6 ,3 7 0 ,5 9 9
6 3 ,9 2 7
66 681
So. P a c. C oast.. Ma r c h ...
4 4 6 ,1 3 2 3 8 6 ,0 3 5
1 0 5 ,9 5 3 1.0.1 2 .5 2 3
7 2 7 ,4 5 8
So P ac of A riz. M a rch ... ..
10 4 ,5 9 b 4.. 8 8 5 .4 0 2 4 ,3 2 2 ,0 3 2
2 2 3 ,8 0 6 2 1 9 ,2 4 6
So P a c o f N M . Ma r c h .......
4 4 3 ,7 9 0 4 ,0 8 2 ,9 0 9 4 ,4 7 6 ,6 5 9
2 4 3 ,3 6 7 2 5 7 ,3 7 9
T e x A N O rl___ M arch __
3 ,1 7 3 ,3 0 7 37,497,511 3 3 .9 9 0 .0 2 7 Southern R a llw ’} D tw k J u n e 6 8 5 ,8 6 9 6 4 3 .7 9 0
10,524
122,931
1 4 5 ,1 4 0 1 2 6 ,5 5 2
1 0 5 ,7 7 0 T erre H A Ind . . . M a y . ...
4 5 ,4 8 5
4 9 ,0 0 2
76 ,9 5 0 4 ,5 7 9 ,1 5 6 4 ,7 1 7 ,5 5 2 Terre H A P e o r .. M a y .
82 ,3 5 0 3 ,7 9 9 ,6 9 5 3 ,7 8 8 ,3 7 0 T e x a s C en tral . . . 4thw kM ay
1 0 ,2 2 2
12,831
4 1 ,3 1 3 2 ,3 5 0 ,4 7 5 2 ,1 4 9 ,3 1 5 T e x a s A P a c ilic .. 1 stw k ju n e 1 4 1 ,2 8 6 1 5 1 ,4 2 4
0,215
1 0 ,6 0 0
7 6 ,3 5 7
5 4 ,4 9 7 T ex S V A N W .. M a y ........
11 ,5 0 0
c
18.024 1 ,0 4 0 .0 3 3
860 ,9 4 1 ToL A Obio C e n t . 1 s tw k ju n e
58,041
5 8 ,3 9 6
4 4 5 ,2 0 7 4 ,5 8 9 ,7 7 6 4 ,0 0 8 ,7 6 9 T ol P A W est . . . . 4 tli w k May
3 3 ,1 9 0
3 4 ,7 0 7
c
1 ,982,917 2 3 ,5 6 6 ,8 7 8 2 1 ,6 0 5 ,8 8 9 Tol S t L A W ........ 1s t w k j une
4 2 ,4 3 4
4 5 ,3 8 3
1,001,090 1 8 ,7 8 1 ,3 1 8 1 0 ,8 5 3 ,1 2 4 Tor H am A B u ff. M a y ...........
36 ,7 2 2
3 8 ,9 7 0
3 4 2 ,9 3 5
50,237
290 ,5 0 1 Gnion P a c R R . )
,553
Inc. 55 3 ,019
Or eg RR A N [ A p r il........ 3 ,7 4 0 ,3 7 4 3 ,4 1 8 ,7 3 8
57,979
6 3 8 ,0 7 7
6 1 4 ,9 5 8
Oreg Sh L in e. )
5 4 3 .0 0 0 2 8 ,6 3 1 ,2 2 2 2 6 .2 9 4 .0 2 7 W a b a sh ................. 1 s tw k ju n e 3 3 6 ,7 4 2 3 1 2 ,7 1 8
7,751
101.727 V J er se y A S ea e A p r il.........
1 15 ,5 2 7
2 7 7 ,014 2 8 0 ,8 1 4
V
8,822
W heel A L E ........ M ay
3 2 7 ,9 9 8 2 4 0 ,8 7 8
■
31,747
4 ,7 9 4
W ichita V a lle y ... A pril...........
4 ,6 7 0
12.379
7 2 ,3 2 7
8 4 ,9 5 8 Win’sport A N .B r. A p ril .
9 ,0 9 0
10 ,1 1 7
1 9 5 ,2 3 2
19,530
1 7 9 ,2 5 5 W isconsin C e n t.. 1 s tw k j uoe 1 1 7 ,0 0 0 1 0 0 ,1 8 7
300,441 1 7 ,5 5 2 ,0 1 2 1 0 ,0 3 0 ,5 0 2 W rightsv A T’n .. M a r c h ....
13,078
12,785
485,246' 5 ,1 4 1 ,8 8 3 4 ,0 0 0 ,9 3 5 Yazoo A M iss V.. M a y ...........
4 8 1,018 4 4 0 ,8 1 0
13,054
37 .0 2 3

tf?
1 7 0 ,7 7 0
2 ,207 ,7 8 7

P re v io u s
Y ea r

L a te st d r o s s E a rn in g s

Inly

1 to L aic si

C u rre n t
Y ea r

4 ,1 2 5 ,7 0 0

h a le

Previous
Year
3 ,9 1 0 ,0 0 0

4 8 1 ,0 1 3
4 0 4 ,4 0 9
9
3 ,2 5 7 ,) 09 3,0 12,4W
5,7 0 2 ,3 0 4 1,175,691
15 , 185,052| 1 4 ,4 5 3 ,2 3 9
3 3 ,8 4 8 ,1 0 4 3 1 .1 4 2 .0 0 0
1,120,700 1 ,2 4 8 ,2 7 0
3 5 ,0 8 0 ,9 9 4 3 2 ,3 5 3 ,3 0 1
1 3 1 ,9 8 2
154 ,8 0 0
5 ,9 6 9 ,5 1 3 5 .0 5 8 ,8 8 0
7 ,2 6 4 ,3 4 5 7 ,0 8 7 ,6 3 6
7 .4 5 1 .2 1 4 7 ,1 5 9 ,5 3 3
143 ,0 5 7
2 4 ,6 1 6
28,847
1 3 7 ,7 3 2
6 4 ,9 9 6 ,1 3 8 6 0 ,4 3 9 ,7 4 1
4 ,8 2 3 ,8 9 3 4 ,5 2 0 ,2 9 2
2 ,3 1 1 ,2 5 2 2 ,0 7 7 ,8 1 9
1 6 ,4 9 5 ,2 0 4 1 5 ,2 0 4 ,7 0 7
7 ,0 8 6 ,6 8 1 0 ,0 4 9 ,1 8 1
3 8 ,6 0 6 ,7 1 4 3 1 ,0 1 5 ,5 8 2
4,1 5 5 ,9 b 1 4 ,2 4 0 ,0 0 3
8 2 ,3 0 5 ,6 8 0 7 6 ,3 2 1 ,2 8 0
In c. 6,4 2 8 .0 0 0
S,7 6 1 ,1 7 0 7 ,9 5 3 ,0 5 8
5 .7 1 8 .2 1 4 4 ,9 8 7 ,7 9 3
9 ,7 9 9 ,0 7 4 9 ,5 0 9 ,7 7 4
3U,632
2 4 ,1 0 5
1 8 ,0 3 9 ,2 7 2 1 6 ,1 2 0 ,4 0 5
3 ,2 1 0 ,0 u 5 2 ,9 1 0 ,2 1 0
7 ,0 5 6 ,6 1 7

6 ,7 4 0 ,1 9 0

2 5 ,3 3 5 ,1 3 3
2 5 ,1 6 0 ,9 5 5
5 0 ,4 9 6 ,0 8 b
7 9 7 ,6 0 7
4 4 3 ,1 7 0
5 4 1 ,6 9 3
4 ,-0 8 ,6 9 4
1 ,5 6 0 ,5 7
1 ,1 3 2 ,6 0 6
160,809
194,531
2 0 ,2 3 7 ,4 8 S
6 ,7 5 4 ,1 8 4
1 ,9 4 5 ,6 6 8
2 ,1 6 6 ,5 2 8
1 ,0 1 4 ,3 0 2

2 3 ,1 4 5 ,6 0 2
2 3 ,4 7 4 ,7 2 2
46,620,324*
7 3 9 ,5 4 0
4 3 3 ,3 4 3
5 0 8 ,5 1 5
4 ,4 5 4 ,4 2 3
1 ,1 7 1 ,5 5 0
1 1 4 ,6 9 6
8 2 ,3 0 3
1 7 ,9 7 5 ,2 3 6
6 ,8 9 2 ,1 8 4
1 ,8 2 5 ,6 4 2
2 ,2 9 6 ,9 7 6
9 3 6 ,7 8 3

/ 7 ,0 5 6 ,6 1 / 6 ,7 4 0 ,1 9 0
1 0 ,0 1 1 ,6 6 4 1 0 ,0 5 3 ,9 7 0
2 5 6 ,8 8 2
2 6 1 ,9 5 9
5 9 ,5 1 4
6 2 ,0 6 7
5 6 2 ,9 5 4
3 8 8 ,9 8 8
7 0 ,2 4 6 ,1 5 2 6 4 ,0 1 7 ,6 7 7
1 5 ,1 9 3 ,2 8 5 1 4 ,4 1 8 ,3 1 6
5 ,4 4 9 ,0 2 2

5 ,0 6 9 ,7 9 0

7 2 1 ,5 4 1
1 7 7 ,0 8 7
4 ,0 8 2 ,9 6 9

6 6 2 ,4 3 0
1 4 5 ,8 0 9
4 ,4 7 6 ,6 5 9

1 ,4 4 1 ,2 3 3
5 ,9 5 4 ,6 3 6

1 ,2 5 4 ,0 7 7
6 ,0 2 7 ,6 4 5

2 7 5 ,5 7 6

2 1 0 ,6 5 8

1 6 ,2 4 4 ,5 3 6 1 3 ,9 2 1 ,1 8 3
3 ,6 0 S ,0 7 8 3 ,1 6 6 ,4 0 6
1 ,9 8 8 ,3 5 2 1 ,7 0 1 ,9 9 5
2 ,2 1 2 ,6 5 7 2 ,0 5 5 ,1 6 6
3 5 ,3 0 1 ,9 4 0 3 3 ,6 4 2 ,9 3 6
1 ,5 4 8 ,8 6 7 1 ,4 5 2 ,0 2 5
5 0 8 ,2 2 0
5 0 6 ,6 2 0
5 5 1," 26
6 5 3 ,3 5 4
1 0 ,8 2 8 ,9 8 4 1 0 ,6 6 5 ,8 2 1
1 4 7 ,3 0 0
1 2 9 ,5 0 0
2 ,6 6 6 ,5 9 6 2 ,3 6 5 ,3 9 0
1,0 4 6 ,7 4 5 1 ,0 6 7 ,5 3 0
2 ,3 9 6 ,0 4 9 2 ,2 7 5 ,4 6 9
4 6 9 ,171
3 6 4 ,0 5 7
3 9 ,9 2 9 ,7 8 2 3 6 ,3 4 4 ,7 9 1
17,8 7 4 .0 1 0 1 6 ,4 3 9 ,2 4 3
3 ,1 1 5 ,5 8 4 2 ,9 8 0 ,0 8 4
3 ,1 9 1 ,8 3 4 2 ,7 0 2 ,0 2 5
1 0 8 .4 1 0
9 4 ,1 8 5
5,5o 1,971 4 ,9 0 2 ,4 4 8
115 ,5 0 9
.132,114
6.1 5 8 ,9 2 0 ' 5 .7 6 5 ,1 0 0

■ Govern re su lts on lin e s d irectly operated. * F ig u res from D ec. 1 a re for the railroad on ly.
j
[M exican cu rren cy. alD C ludes P adu cah A M em phis D iv isio n from J u ly 1 in b o th y ea rs, t R esu lts o n M outeroy A M ex ica n G u lf a re
Included from March 1, 1902, but for no p a rt of 1 8 0 jl. c C overs lin e s d ire ctly o p erated , in clu d in g th e B u ffalo A A lle ’y V a l. D iv .fo r b oth y ea rs.
b In clu d e s th e H o u sto n A T e x a s C entral and it s su b sid ia ry lin es. E a r n in g s oi the C rom w ell S tea m sh ip L ine, n o t p rev io u sly r e p o r ted , a re
n o w a lso in clu d ed .
c R e s u lts on M ontgom ery D iv isio n a re in clu d ed in both y ea rs.
^ In c lu d e s Bb. P a u l A D uluth for b oth y ea r s.
/T h e s e figu res are th e re su lts on the A la. M idi., iir u n sw ic k A W est., C harles. A Bav., Bav. F la. A W est’n a n d S ilv er S p rin gs O cala A G u lf.
//T h e se figures in clu d e, b esid es th e St. L ouis A Bau Fran, p rop er, th e JCan, C ity Fb. S c o tt A M em .sy stem and F t,W o rth A R io G rand e.

TH E

1248

CHRONICLE,

T otals lor Fiscal fear.

[V ol , LXXIY.

Net Earnings Monthly to L a te st Hates.—-The table followtug shows the gross and net earnings of Steam railroads
reported this week. A full detailed statem ent, including all
roads from which monthly returns can be obtained, Is given
once a month In these columns, and the latest statem ent of
this kind will be found In the Chronicle of May 24,
1902, The next w ill appear In the issue of June 21,1902.

Ho a d s.

*
Inc. 52,036
A llegheny V alley................— Jan. 1 to Apr. 30
- -Gross N a m ings.——
,,-----A n N arm ngt.——
A6ic.nia < Charlotte Air Line. apr. i to Mar. 31 2,808,978 2,686.198
si
Current previous
18,213
■28,750
B ellefon te C en tral_________ Jan. l to May 31
Current Previous
Year.
Year,
Year,
Year.
Bar lima ton Ceclar flap. & No, Jan. 1 to May 31 2,076,712 1,048,417
$
$
Roads.
3
S
$
Central o l New je r s e y ____ .. Jan. i to Apr. 30 5,245,889 5,278,793
14,960
13,054
41,190
2,165
847
38,368 A d iro n d a c k .a ......... Apr.
C hattanooga S outhern ____ Jan. 1 to May 31
Ju ly 1 to Apr. 3
170,770
162,708
47,811
46,854
Chicago * N orth-W estern.. June i to Apr. 30 42,683,998 39,435,373
Chicago Hook Island A I'ao.. Apr. l to Mar, 31 20,384,694 26,066,074 Ann A ro o r.b ._
-Apr.
158,476
156,356
13,680
2 9,416
Ohio. St. P. Minn, & Omaha Jan. i to Apr. 80 3,628,934 8.190.188
Ju ly 1 to Apr. So .... 1,595,969 1 ,4 7 2 ,4 ! 4
372,0-19
458,584
Nov. i to Mar. 31 2,297,157 1,805,684
Choctaw Oklahom a A G o lf.,
6,605
7,324
1,860
3,656
343,426
815,470 a n n ’p. W’sh.& B ai.aA pr,
Cumberland V a lle y .............. . Jan. 1 to Apr. 30
July 1 to Apr. 30 ..
69,124
5 3 ,566
16,544
23,784
711,243
635.863
lft. Worth a D enver C ity----- Jan. 1 to Apr. 30
52,401
37,552
In tern ational A Or,. North’n . Jan. 1 to June 7 1,961,209 2,090,348 Atl. K n o x . A N o.a Apr.
5,151
16,681
Ju ly 1 to Apr. 30
519,494
99,660
396,823
98 076
M anistee & North E a s te r n ... Jan. i to Mar. 31
198,052
115,398
37,608
46,423 A tlantic A B in n ’gh.May
M a n ia tlq u e ...... — __. . . . . . . Jan. l to May 31
13,645
8,219
3,274
5,656
M exican C entral!_ ________ Jan. l to J one 7 8,924,826 7,792,601
_
_
July i to May H I_
124,286
73,082
53,169
25,558
M exican In tern ation al......... Jan. 1 to Apr. 30 2,111,196 1,959,983
Inc. 3 8 ,670
Deo. 13,691
M exican H a l l w a y . .. .. .. .. .. .. Jan. 1 to May 24 1,963,600 1,787,600 A llegheny V a lley...A p r.
Jan. Lto Apr. 3 0 ___
Ino. 5 2,036
Deo. 85,892
144 008
M exican S o u th e r n ... . . . . . . . . . Apr, 1 to May 21
127,669
M issouri Tael tie._____ . . . . . . . . Jan. 1 to June 7 14,530,164 14,009,600 Baltim ore A A nnapolis
Short L in e .a ......... Apr.
8,082
525,279
405,700
Jan. I to June 7
C entral B ranch................
6,899
2,036
1,741
J u ly 1 to Apr. : 0 ___
■
T o ta l............. . ................ Jan. 1 to Jan e 7 15,018,512 14,625,699
8 8 ,7 1 7 ,
75,201
2 7,054
24,900
N ational HR. of M exico......... Jan. 1 to J une 7 8,653,165 3,353,058 B ath A H am in ’tts.bApr.
2,105
2,208
430
768
Northern C entral........... ......... Jan, 1 to Apr. 80 2,770,527 2,603,627
July l to Apr. 3o
3 0 ,899
35,727
13,208
19,270
P en nsyly ania. E ast of P. & E.. * Jan, 1 to Apr. 30 33,921,879 31,666,679
B ellefo n te C entral b May
4,811
3.832
1,419
1,062
W est of P, A E , . ........„ ..... . Jan. 1 to Apr. 30
Inc. 1.966,700
Jan, 1 to May 31
2 8 ,7 5 0
18,213
8,926
3,977
Pere M arquette.......................... Jan, 1 to May 31 3,823,663 3,500,792
Philadelphia & E rie.............. Jan, 1 to Apr. 30 1.913,233 1,797,667 B rid g t. A Saoo R.bApr,
2,708
2,799
d ef.302
203
Ju ly 1 to Apr. 3 0 ___
34,521
Phlla. Wllm’g’n & Baltim ore. Nov. 1 to Apr. 30 5,669,098 5,595,898
38,711
8,090
8,908
P itts. Cineln. Ohio. & St. L ... Jan, 1 to Apr. 30 7,105,974 6,491,244 C ent, of N. J ersey .a. Apr. 1,580,377 1,340,188
519,822
654,853
158,921
168,010
Rio Grande Ju n ctio n ............... Deo. 1 to Mar. 31
Jan. 1 to Apr. 3 0 ___ 5,245,839 6 ,273,793 1,9 4 5 ,3 3 4 2,205,109
St. L. V andalla & Terre H .... Nov. 1 to May 31 1,202,736 1.188
035
17,263
South H aven & E a ste rn ......... Jan, 1 to Apr. 30
14,096 C hateau gay—
Jan. 1 to Mar 3 1 _
_
4 9,724
5 0 ,3 5 7 d ef.1 ,9 9 6 d ef.10,830
965,523
892,070
Terre H an te & Indianapolis.. Nov. 1 to May 31
303.589
Terre H au te & P e o r ia ...____ Nov. 1 to May 81
394,170
8 6 8 ,140
822,276 Ohio. Ind. A Lonl s . a . Apr.
139,792
1 3 3 ,039
Ju ly 1 to Apr. 30 ... 3,7 6 9 ,3 7 7 3,409,205 1,431,065 1,222,415
T exas & P a c ific .. . . . . . . . . . . . . . Jan. 1 to June 7 4 ,657,220 4,963,541
891,378 Oolum.Nowb. A L.b.Apr.
929,478
W est J ersey & S e a sh o r e ...... Jan. 1 to Apr. 30
15,584
12,156
4 ,3 3 7
1,014
18,941
22,952
W ichita V a lle y ........... ............. Jan. l to Apr. 30
Ju ly 1 to Apr. 8 0 . . .
1 5 4,760
151,044
51,738
39,758
26,005
2 7 ,700
* These figures Include th e Buffalo A A llegheny V alley D ivision In C ornwall A Lebau... Apr.
1 1,050
1 3 ,134
Ju ly 1 to Apr. 8 0 ___
both years. tT h e operations of th e M onterey & M exican G ulf are
280,475
217,981
182,915
9 5,671
Included from M arch 1 ,1 9 0 2 .
Gas A E lectric Co. of
Bergen C ounty..M ar.
19,635
18,712
5 ,3 5 0
6,621
Latest G ross Earnings by W eek s. —In the table which
June 1 to Mar. 3 1 . .. ,
2 2 9 ,784
1 9 8,886
9 3 ,2 3 7
7 2 ,5 5 7
follows we s u m up separately the earnings for the latest !r. Trunk of C an...A pr. 1,929,607 1,901,867
671,591
624,385
week. The table* covers the first week of Jane and
Jan, l to Apr. 3 0 ___ 7,420,105 7,2 4 1 ,0 1 4 2 ,4 5 8 ,6 0 6 2,2 0 4 ,0 8 3
shows 6'55 percent increase in the aggregate over the same
Gr. Trunk W est... Apir.
424,368
386,895
72,999
62,779
Jan. 1 to Apr. SO___ 1,504,266 1,4 4 3 ,9 2 0
week last year.
2 3 2 ,6 2 4
2 1 6,564
82,732
Dot. Gr. H. A M il. Apr.
7 6 ,405
13,626
1 5 ,086
Is! week of 3 fine.
1902.
Increase. Decrease.
1901.
Jan. 1 to Apr. 3 0 ___
3 4 6 ,016
3 1 2 ,9 2 2
9 2,465
67,645
Illinois C en tral.. . a.Apr. 3 ,3 0 5 ,2 3 6 2 ,9 5 3 ,7 5 8
8 8 6 ,970
8 0 8 ,0 4 4
*
*
$
$
July I to Apr. 3 0 ....3 4 ,0 5 7 ,8 4 2 3 0 ,8 1 6 ,7 2 0 11,135,789 9,681,128
. >.a
770
A nn A rb o r........... ..........
27.765
23,995
14,037
124,302
Buffalo Roeh. & P ittsb ’g.
138,939
L ittle F alls A D o lg ev llle—
110,000
715,000
605,000
C anadian Paoific.
Jan. 1 to Mar. 3 1 ___
10,817
8,362
4,302
1,803
19,170
129,990
110,820
C entral of G eorgia .........
Macon A B in n in g bApr.
9,041
7,222 d ef.4,355 def. 2,8 20
1,694
413
C hattanooga Southern...
2,107
Ju ly 1 to Apr. SO..,..
104,949
93,976
3,633 def.2,940
11,431
325,721
314,290
Chesapeake & Ohio . . . . . .
19,442
M exican Telephone. Apr.
17,339
10,175
9 ,1 4 2
124,801
107,740
17,061
Chicago A E ast. Illinois.
Mar. 1 to Apr. 3 0 ___
34,543
38,538
17.584
151,015
1 5 ,2 1 9
Chicago G reat W estern.
126,689
24,326
„„„„
4,961
94,761
89,800
Chic. IndlaivliaA Loulsv.
5 5 4,444
Jhil&. A E r ie .b ....... Apr.
469,301
220,681
1 5 4 ,6 0 1
31,865
Ohio. Term. T ra n sfe r_
_
80,168
1,697
Jan. 1 to Apr. 8 0 . . . . 1,9 1 3 ,2 3 3 1,7 9 7 .6 6 7
6 1 7 ,563
5 4 3 ,4 6 3
409,670
28,771
Clev. Cin, Chic. & 8t. L ..
380,899
19,912
13,096
10,724
1,579
8,241 S t. L ouis & N. Ark.bApr.
44,989
53,230
P eo ria & E a s te rn ........
134,531
8 2,303
J u ly 1 to Apr. 3 0 ___
90,439
3 2 ,2 3 5
Colorado & S outhern___
108,840
117,197
8,357
St. L ou isA San F ..b * Apr. 1,691,287 1,545,273
23,722
4 3 5 ,9 9 0
977
576,119
Col. Sandusky A H ock’g.
24,699
July 1 to Apr. 3 0 ....1 8 ,1 7 1 ,2 1 5 1 6 ,045,599 7 ,1 7 4 ,4 5 0 6 ,6 1 6 ,6 1 0
22,600
230,500
207,900
D enver A Rio G ra n d e .
1,272
6,071
4,799
E vansv. < Indianapolis.
fe
Saranao A L ake P la c id —
26,398
2,250
28,646
E vansv. & T erre H a u te .
Jan. 1 to Mar. 3 1 . .. .
1,729
1,853
428
659
6,769
104,598
H ocking V alley ...............
111,367
9 8 ,362
97.833
18,331
18,921
74,132
76,956
2,824 rol.P eoria A W est bM ay
In te rn ’i & G t. N orth ern .
Ju ly 1 to May 3 i ___ 1,046,745 1 ,0 3 7 ,5 3 0
250,073
2 5 8 ,849
5,286
to-wa C entral ...................
46,599
41,313
10,117
9,696
18,024
W’m sp'rt A N o.Br.aApr.
761
918
18,785
K an aw h a & M ichigan...
1,630
July l to Apr. 3 0 ___
108,416
606,345
543,000
9 4,185
4 2,075
68,346
Louisville A N a sh v ille ..
29,135
366,441
13,538
380,039
M exican C e n tra l.............
Vftzoo & M iss.V al.a. Apr.
534,526
422,931
140,486
6 5 ,887
71,102
67,S33
8,769
Minn. & St. L ouis....... .
Ju ly 1 to Apr. 3 0 . .. , 5,677,902 5,3 2 4 ,2 8 4 1,8 3 1 ,3 9 0 2 ,009,965
95,927
22,630
Minn, St. P. & 8. Ste. M..
118,557
m N et earnings h ere g iv e n are a fte r d ed u ctin g t a x e s .
.
267,003
18,333
251,670
Mo, K ansas A T e x as.......
,
40,000
b N et earn in gs h ere g iv e n a re b efo re d ed u c tin g t a x e s .
593,000
553,000
Mo. Pacific A Iro n M t__
5,000
27,000
32,000
C entral B ra n c h .. . . . . . . .
* These figures Include in b oth years resu lts on K ansas C ity P ort
4,101
2.941
1,160
Mob. Jack so n & K. City..
Scott & M em phis RR. and F o rt W orth A Rio Grande RR.
148,338
140,055
8,283
N ational RR. of Mexico..
346,832
314,873
31,959
Norfolk & W estern_ _
_
I n t e r e s t C h a rg es a n d S u r p lu s .—T h e fo llo w in g roads, In
9.302
2,396
Bio G rande S outhern_
_
11,698
addition to th e ir gross an d n e t e a r n in g s g iv e n in th e fo r e ­
314,138
341,949
27,811
St. LouisA San Francisco
685,869
643,790
42,079
Southern R a ilw a y . . . . . . .
goin g, also report ch arges for In terest, & c., w ith th e su rp lu i
141,286
10,138 above or d eficit b e lo w th o se ch a rg es,
151,424
Texas & Pacific.............. .
58,041
58,396
355
Toledo & Ohio C e n tra l..
In t., rentals, ete.— -»S a l . o f Net N a m ’s.—
42,434
45,883
m «>- aa.
—1 .
2,949
Toledo St. L. & W est.......
Current Previous
Current Previous
336,742
24,024
312,718
W abash ......................
Year.
Year.
Year.
Year.
10,813
117,000
106,187
W isconsin C e n tr a l.......
Moads.
$
S
8
8
90 961 A tlantic & Birm ’gh .May
527,256
Total (39 ro a d s ) .....,.. 7,090,901 6,854,207
2,083
2,083
3,573
1,191
July 1 to May 3 1 . .. .
22,916
2 2 ,916
3 0,253
4 3 6 ,294
2 ,642
N et increase (6'55 p. c.).
B ellefon te Central..M ay
550
651
869
511
Jan. 1 to May 3 1 . . . .
For the fourth week of May our final statem ent covers
2 ,7 5 0
2,755
6,176
1,222
49 roads, and shows 9 81 per cent increase in the aggregate C hateaugay—
Jan. l to Mar. 3 1 . .. .
7,041
4,913 d ef.9,037 def,15,74S
over the same week last year.
Saranac & Lake P lacid —
Ath week of May.
1901.
1902.
Increase. D ecm i*e.
Jan, 1 to Mar. 3 1 ___
2 ,0 8 0
2,591 def.1,652 d e f.l,9 S 2
*196,813
8t. L. A San F ran ...A p r.
493,814
3 8 7 ,8 3 7 *df.45,551
$
$
$
Ju ly 1 to Apr. 3 0 . .. . 4,645,571 8 ,823,099 *2,634,424 *2,920,084
P reviou sly rep’d iSSPds) 10,174,257 9,160,051 1,083,400
69,200
f o l. P eo . A W e st...M a y
22,097
A la, N. 0 . & T ex. P a e.—
23,466 d ef.3,766 def.4.545
63,000
56,000
Ju ly 1 to May 3 1 . . . .
2 5 4 ,4 3 0
N ew Orl. & No. E a s t ..
7,000
2 5 0,450
d ef.377
4,419
______ W m sport A No. Br.Apr.
A la. & V ic k s b u r g ......
33,000
4,000
29,000
2,404
2,917 d ef.1,4 86 def.1,287
9,000
37,000
28,000
V ick s. Sh. & P ao..........
Ju ly l to Apr. 3 0 . .. .
2 4,042
2 5 ,834
18,033
3,301
Central of G eorala.. . . . . .
180,545
28,807
151,738
* A fter a llo w in g fo r oth er in com e rece iv e d .
C hattanooga Southern...
145
2,815
2,960
Dfiiuth So. Shore A A t . , :
70,453
82,684
12,281
S W E E T R A IL W A Y S A N D TRACTION C O M PA N IES,
Grand T r u n k . . . . . . . . . . )
829,377
Grand Trunk W e s t.. >
80 1 ,7 3 1
27,646
The following table shows the gross earnings for the latest
Det.Gd. H av. & Milw. >
238,785
241,591
2,806 period of all street railways from which we are able to ob­
Pere M arquette.................
1,073
554,558
553,485
8t. Louis & San F r a n ....
tain weekly or monthly returns. The arrangement of t he
316,172
271,002
Seaboard Air L i n e ...—
45,170
table is the same as that for the steam roads—that is, the
10,222
12.831
Tftxas C entral......... ..........
2,609
first two columns of figures give the gross earnings for the
34,707
33,190
Toledo Peoria A W e st'n .
1,517
Total (49 roads)............. 12,545,036 11,424,118
N et increase (9‘81 p .o .)..
----------

1,207,764
1,120,918

86,846

latest week or month, and the last two columns t he earnings
for the calendar year from January 1 to and including such
latest week or month.

TH E

JtnsB 14, 1902.]

CH RONICLE.

.249

Am ple grounds have been secured a t W est Ht. Paful and a t M inneap­
olis for freig h t term in als. The U nion passen g er sta tio n a t f i b . P au l
Latest Gross Marningit. . Jan. 1 to Latest Date. and the passenger statio n of th e Chicago Mil w aukee arid H i . Paul Ry.
Co. a t M inneapolis will he used for ail p assenger train s. While th e
Week or Mo ■Our’nt Prev’us Current Previous tra d e connections are com pleted, It has n o t been th o u g h t he,hi to o p e r­
Year.
Year.
Year.
Year.
a te over the line leased from th e Chicago M ilw aukee a n d Mi. Paul Ry.
Co, u n til th e freig h t te rm in a ls of y o u r line a re com pleted, which wo
®
*
«
$
ex p ect may n o t be la te r th a n Ju ly . 1902.
2B,0f>0
9,293
10,265
F e b r u a r y . 11,416
C mnmual KMStn.TS.-The receip ts from fre ig h t traffic, co n sid erin g
A
A p ril____ 79,619 84,339 809,399 250,209 th e e x te n t our te rrito ry h as been Invaded by th e lines of com peting
57,073
A p ril......... 34,843 13,994
58,856 railw ay s a n d th e sh o rta g e of crops due to d ro u g h t, a re especially
A p r il........ 1,041,707 989,994 3,931,146 3,700,042 g ratifying. The corn crop suffered th e m ost from d ro u g h t co ndition;
44,750
84 042 for th e whole line G p e r c e n t of a n orm al crop is a co n serv ativ e e sti­
A p r il........ 13,058 10,443
O
A p ril____ 69,882 62,980 207,529 242,595 m ate of th e yield, No percepts hie loss of rev en u e resu lted from th e
8,062
2,831
12,654
A p ril.........
12,150 sh o rtag e of corn, b u t th is should be reflected In th e earn in g s or lGOn.
8,454
2,435
F e b ru a ry .
O ur sh ipm ents of live stock w ere g re a te r th an fo r an y previous y ear.
_„. „_ . „ Passenger earn in g s show an in crease of 1(1134,789 e v e r those of the
4,916
3,525
F e b ru a ry .
A p r il........ 102,852 174,849 743,466 666.880 preceding year. l i b e r a l ex p en d itu res have been m ade for th e im ­
78,140
A p ril....... 21,065 17,054
64,088 p rovem ent of the p ro p erty . T here h as been ex p en d ed for 500 b o x
44,682
36,203 oars of 60,000 lbs. cap acity , 7 locom otives and 3 p o stal oars, $412,A p ril......... 12,696 10,184
31,123
7,862
7,610
28,800 058, of which $1.06,470 w as ch arged to o p e ra tin g expenses.
A p ril.........
A p r il— .. 124,516 110,356 481,348 435,296
S t a t i s t i c s .—1 he fiscal results and balance sheet for several
T
54,531 1,360,849 1,159,810
I s tw k J ’ne 68,671

ST R E E T RA ILW A Y S AND TRACTION COM PANIES.
GBO80

EASMiNG'S.

Alton Ry. Gas & Elec.
American it’ys. u<>.$.
Binghamton RR___
Br’Myja K&p.Tr. 0©;..
Chicago & Mil. Elec..
Oin. Newp. Jb Cor__
City Elec. (Rome,43a.)
Clev.CtoagrinF’s lEl'o.
Cleveland & Eastern.
Cleveland E lectric..
Oleve.. Ely & West....
Oleve. Palnsv. & E...
Dart.& W’portSt.Ry.
Denver City Tram...,
Detroit United .......
Detroit & Port H utron
Shore Line............ is tw lr J ’ne
Dclnth-Sur.. Tract, / A p r i l ......
Dnlnth St. Ry__ (
Elgin Aurora & Sou m a y ..........
i
Galveston City........ M arch.......
Georgia Ry. & Elect. M a y ..........
Harrisburg Traction. A p r il____
Intem at’l Traction—
(B uffalo).....,...... F eb ru ary .,
Lehigh Traction....... A p ril.........
LondonSt. Ry.(Oan.) A p ril_ _
_
Los Angeles Railway A p r il......
Mad.. (Wis.) Traction. A p ril.........
Mass. Elec. Oo.’s...... A p ril___ _
Montreal Street R y.. A p ril.........
Muscatine 8t, Ry....... M a r c h .....
New Castle Traction, A p ril.........
New London St. R y .. A p ril____
Northern OhioTraot. A p ril_ _
_
Olean St. Railway... M a rc h ......
Orange Co. Traction. A p ril. . . . . .
Pacific Electric ...... M a rc h .....
Philadelphia Co.} )
Oonsol.Tr. (Pitts.) > A p r i l . . . . . .
United Tr. (Pitts.))
Pottsv’e Union Thao. M a y . . . . . . .
Railways Co,Gen.—

Roads................

A p ril........

lig h t Go’s .. . . . . . . . . A p r i l ......
Sacramento Electric

7,845
40,920'
35,115
9,056
107,716
82,012

6,065
36,744
29,816
7,938
90,284
27,004

151,723
152,181
152,582
28,447
501,110
125,298

113,381
131,507
185,034
22,004
410,418
104,688

225,160 214,585 475,309 447.756
©,997
9,333
38,262
87,712
9,942
9.496
36,192
39,188
115,863 85,825 437,087 332,814
20,759
5,238
430,336 403,179 1,560,465 1,475,783
154,390 144,794 599,941 557,286
16,851
6,118
5,857
18,524
8,720
10,648
40,455
32,525
3,638
13,381
4,058
15,602
49,425 3.9,618 190,559 162,271
3,888
11,004
3,994
11,222
6,593
6,372
22,854
23,155
49,552

1901.
1,299

Miles oner. Dec. 31..

Mornings—

1900.
1,277

1899.
1,171

1698.
1,136

P a sse n g e r....................$1,289,179 $1,181,415 $1,040,850
F re ig h t......................
3,719,940
3,472,397
3,655,915
M all, ex p ress, etc—
371,488
244,466
230,168

$929,568
8,407,364
208,710

T otal gross e a rn s.$5,360,607 $4,848,278 $4,926,933

$1,545,643

E x p e n s e s —

T ra n s p o rta tio n .........$1,535,257 $1,434,359 $1,406,565 $1,293,627
M aintenance of w ay. 1,225,525
1,266,867
1,220,465
1,072,246
M alnt. of eq u ip m en t. 460,110
611,784
597,108
481,950
G e n e ra l......................
128,203
180,429
122,000
119,568
T a x e s ................
158,919
153,997
148,034
147,430
T otal e x p e n se s...$3,508,014 $3,597,438 $3,494,172 $3,114,822
N et e a rn in g s ......... ..$1 ,8 5 2 ,5 9 3 $1,250,842 $1,432,761 $1,430,821
P.e. op. exp. to earn s. (65*44)
(74-02)
(70‘92)
(68*52)
O th er r e c e i p t s .......
102,714
260,981
123,101
80,123
T otal n e t in o o m e.$ l,955,307 $1,511,823 $1,555,862

$1,490,844

D e d u c t—

1,114,510 980,513 4,650,205 4,116,322
15,643

13,757

61,339

58,202

17,870
1,804

14,136
1,602

66,231
7,251

51,963
6,769

Gas & B f . . . . . . . . . . . A p r i l ...... 36,290 31,954 142,252 127,746
St. L ouis T r a n s it.... M a y . . . . . . . 567,614 508,420 2,447,474 3,276,096
Sioux C ity T raction.. M a rc h ..... 18,446 15,427
43,441
50,161
S outhern Ohio T ra c t A p r i l ...... 27,774 23,530 100,437 . 85,083
Tacom a Ry. & Pow er F e b r u a r y . 28,373 24,299
58,846
5©,891
Toledo Bowl. G reen
& South. T ractio n ,. M a y . . . . . . . 20,087 13,732
91,251
63,986
Toledo Rye. & L ig h t. A p r il ...... 106,857 95 ,i l l
431,595 384,772
Toronto R a ilw a y . . . . W k May 2 4 85,802 32,657
Tw in City R ap. Tran, A p r i l ...... 263,243 232 244 1,059,565 026,312
U nion(N . B edford).. A p r i l ...... 22,881 18,846
89,039
78,647
U n ited T ra c tio n — > A p r il ...... 116,453 109,512 481,363
425,480
A lban y C ity §
U nited T ract. iP ro v o A p r i l , . , . . . 823,450 188,348 842.350 767,755
§ These a re re su lts fo r p ro p e rtie s ow ned.
I R esu lts now include th e P itts b u rg R ailw ay Co., o p e ra tin g th e Con
solldated. T ractio n an d a ll th e o th e r co n tro lled p ro p e rtie s In P itts b u rg
S t r e e t H a l l w a y N e t E a r M a g a , —T h e f o l l o w i n g t a b l e g iv e s
t h e r e t u r n s o f S t r e e t r a i l w a y g r o s s a n d n e t e a r n i n g s r e c e iv e d
th is w e e k . l a r e p o r tin g th e s e n e t e a rn in g s fo r th e s tr e e t
r a i l w a y s , w e a d o p t t h e s a m e p l a n a s t h a t f o r t h e s te a m
r o a d s — t h a t is , w e p r i n t e a c h w e e k a l l t h e r e t u r n s r e c e iv e d
t h a t w e e h , b u t o n c e a m o n th (o n t h e t h i r d o r th e f o u r th
S a tu rd a y ), w e b rin g to g e th e r a ll th e ro a d s fu rn is h in g r e ­
tu r n s , a n d th e l a te s t s ta te m e n t o f th is k in d w ill b e fo u n d
i n t h e C h r o n i c l e o f M a y 24, 1902, T h e n e x t w i l l a p p e a r
i n t h e is s u e o f J u n e 2 1 ,1 9 0 2 ,

M o o d s.

years compare as follows :

— Uroas Earnings.— , — We i Marmngs,—
Current Previous
Current Previous
Year,
Year,
Year.
Year.
s
*
i
$

B rooklyn R ap, T r .a Apr. 1,041,707
089,994
336,698
331,712
Ju ly 1 to Apr, S O
10,468,072 9,844,598 2,978,182 3,321,865
E lgin A u ro ra& 8 o aM ay
85,115
29,618
14,772
13,519
Ju n e 1 to M ay 3 i. ..
379,253
330,578
163,235
121,755
G alv esto n C ity Ry..M ar.
9,955
7,938
1,276
2,071
Jam 1 to Mar. 3 1 . . . .
28,447
22,094
2,454
5,459
T oledo B ow lin g G reen
& S outh’n T >a o r.. M ay
20,087
13,752
5,483
9,159
Ja m 1 to M ay 3 1 . . . .
91,251
63,986
40,518
21,500
I n t e r e s t C h a r g e s a n d S u r p lu s .— T h e fo llo w in g S t r e w
r a i l w a y s , i n a d d i t i o n t o t h e i r g r o s s a n d n e t e a r n i n g s g i v e n In
t h e f o r e g o i n g , a ls o r e p o r t c h a r g e s f o r i n t e r e s t , & o ,, w i t h t h e
s u r p lu s o r d e fic it a b o v e o r b e lo w th o s e c h a r g e s .

—-Int,,rentals, ete.— < -&ai. of Met JMtmV.f
Current Previous
Current Previous
Year.
Year.
Year.
Year.
R o a d s .
$
*
»
$
E lgin A urora A So.M ay
8,333
8.333
6,439
8,182
Ju n e 1 to M ay 3 1 ...
100,000
100,000
63,235
21,75®

I n t e r e s t . . . . . . . . . . . . . . $792,200
$791,150
$795,275
$799,400
D iv id e n d s.. . . . ___ ..(0 ) 427,239 (8)440,000 (8)440,000 (4)230,000
M iscellaneous,.. . . . . .
18,045
19,977
........
66,893
T o ta l.................$ 1 ,2 3 7 ,4 8 4 $1,251,127 $1,235,275
B a l a n c e ................ $717,823
$260,693
$820,587
Cash assets p rev .y ear 1,051,979
1,321,959
1,362,292
Sale of s to c k ..___. . .
........
1,021,740
T o t a l . . . . . . . .......$ 1 ,7 6 9 ,8 0 2
im p ro v ., constr., eto. 1,461,188

$1,086,293
$404,651
650,378

$3,204,395 $1,682,879 $1,055,029
1,970,469
347,820
20,186

Surplus Dec, 3 1 .. $308,664 $1.,233,926 $1,335,059 $1,034,842
B4BANC® SHBBT DBCBMBEE 31.
1901.
1900.
$
t..
.li
1061.
1900.
A s s e ts —
L i d b i t i t L s —
$
$
Capital stock '!.... 7,150,000 7,121,749
Cos*, of road and
equipm’t, Includ­
Bonds (see Stjp ing leased lines.. 29.,871,571 28,410,583
Ji8®g#&0 15,805,000'
FI/EMOTT . .
Interest on bonds.. 792,200 791,150 V o u c h e r s , pay­
Dividends..........
rolls, etc... ....... 429,404 315,984
427,239 440,000
Bonds and stocks
Bills pay’ble-new
companies.......... 200,000
fl19,034
94,775
owned.,.......
Cash.......
433,519 836,089 Additi’as, improve­
Cash accts. & roisc. 301,228 249,958
ments, etc
. 3,8’8,613 3,223,848'
Materials and fuel. 538,480 459,409 In c o m e ............. 5,472,772 4,821,371
T o tal..............32,978,850 31,287,943
,82,078,850 31,287,943
Total ......
—V. 74, p, 1194, 933.

P h i l a d e l p h i a E ie e tr f e C om pa»y.
( O fficia l S t a t e m e n t o f J a n . S I , 1902. J
T h e r e c e n t s t a t e m e n t t o t h e P h i l a d e l p h i a S to c k E x c h a n g e
a ffo rd s th e fo llo w in g :
T he P h ilad elp h ia E le c tric Co. w as in c o rp o ra te d In N ew Je rse y O ct.
5 ,1 8 9 9 (see V. 69, p. 797, 853), w ith $25,000,000 au th o rised c a p ita l
stock in $25 sh ares, of w hich $1.2,250 is in th e tre a s u ry an d th e
rem ain d er is o u tsta n d in g , a n d upon p ay m en t of in sta lm e n t of $1 25
due Sept. 2 ,1 9 0 2 , w ill h av e $7 50 p e r sh are p a 'i up. T he com pany
ow ns th e follow ing am ounts of stock of o th e r com panies, p a r t of
w hich, as ind icated , is pledged as secu rity fo r an issue of “ Pniiadeip h ia E lectric 4 p er ce n t 60-y ear gold tr u s t certificates” Issued Oct. 16,
1899. by fb e L an d T itle & T ru st Co. and g u a ra n te e d by the Philadeif hia E le c tric Co. The au th o rized issue of th ese certificates is $17,00,000. of w hich $14,982,200 is o u tsta n d in g (see V. 74, p, 215) a n d
$2,485,858 re se rv e d to acq u ire stock of o th e r com panies in P h ilad el­
phia.
S

t o c k s

O

w n e d

b y

P

E

h il a d e l p h ia

C

l e c t b ic

o

.

(T rust 4s au th o rized , $17,500,000, o u tsta n d in g $14,982,200.)
S to c k ,
i s s ’i e A .

P a id

T o ta l

u p .

o w n e d ,

P tc ig e d
f o r

t r u s t

4

s ,

Pennsylvania Mfg. Light &Dow. Co,$15,006,000 10 p. c. $14,994,100 $14,950,000
National Electric Co,‘(incorp. 1899) 17,500,000 25 p. e. 17,500,000 17,496'700
Kensington Blec. Co. (incorp. 1893).
150,350
all
140,375
........
Note.—
None of the above has bonds outstanding.
The N ational E le c tric Go. w as in c o rp o ra te d in New Je rs e y M ay 1,
1889 see V. 68, p,lG 77); it has no fu n d ed debt. I t ow ns th e follow ing!
St

o c k s

O

w n e d

b y

N

a t io n a l

K

l e c t k io

C

o

.

(No tr u s t certificates issued.)
W

h e n

ir u o r p ,

S to c k
is s u e d .

S to c k

B o n d s

a t o n e d . o u t s t ’n d ' g .

Southern Blpotric Light & Power Co. .i'SiKi
$500,000
$ 198,80w
none
Cheltenham E. flight Heat &Power Co.. 1890
50,000
49,090
none
Overbrook Electric Co........ ........ ....1893
10,000
10,000
none
Beacon Light Co. of Chester. P a .......180(5
115,250
115,850
......
Note.—
The last-named company leases the property of Hie Chester Electric
Light & Power do. for 999 years from Oct. S O , 1806, and guarantees, 7 p.c. yearly
on its $182,450 stock and the interest on its $100,000 20-year sinking fund 5 per
A N N U A L
R E PO R T S,
cent bonds due March 1, <916, Delaware County Trust Co., Trustee. Sinking
fund now amounts to $16,750.
The P en n sy lv an ia M anufacturing, L ight & P ow er Co, w as In co rp o r­
Burlington Cedar Rapids &Northern Ry.
ated Feb. 3, 1898 (see V . 6 6 , p. 237,), u n d er the law s of New J e r ­
{ R e p o r t f o r th e y e a r e n d e d D ee, S I , 1 9 0 1.)
sey, a n d ow ns th e sto ck of th e follow ing com panies, of w hich *he
am ounts nam ed are pledged to secure an issue of P hilad elp h ia E lec­
President O. J, Ives says in substance:
tric 5 p er cen t gold tr u s t certificates m ade u n d er ag reem en t dated.
E x t BffsiON.—T he m ain lino w as ex ten d ed from its te rm in u s, ab o u t 3 A pr. 1, 1898, by th e L and T itle & T ru st Co. end g u a ra n te e d by th e
m iles n o rth of O w atonna, to E rin , a d istan ce of to m iles, and an P en n sy lv an ia M’f'g L ight & P ow er Go., “ w hich in tu rn , th ro u g h th e
agreem ent h a s been u nder n e g o tia tio n w ith th e Chicago M ilw aukee < ow nership of th e stock deposited, is also g u aran teed by th e P h ilad el­
&
f i t . P e n ) Ry. Co. for th e jo in t use of Its tra c k s a n d sta tio n s from E rin
p h ia Elec. Co.” The to ta l auth o rized issue of th ese certificates w a s origi­
to R osem ount, M ian , 27 m iles, and from N ew port to M inneapolis, 18 n ally $15,000,000. *‘Ih is am o u n t w as su b sequently, u n d e r ag reem en t
m iles. We have also purchased ail th e stocks an d bonds of th e South dated Oct. 1 2 ,1 8 9 9 , m ade betw een th e P h ila d e lp h ia Electrics Co. an d
Hi. P au l B eit Ry., which co n sists of 3% m iles of tr a c k e x te n d in g fro m th e Land T itle & T ru st Co , reduced to $11,275,000 (under th e term s o f
th e Booth Hi. Pao) sto ck y ard s to N ew port, an d form ing a co n n ectin g w hich ag reem en t $2,000,000 w ere p u rch ased in th e open m a rk e t an d
link in th e lin e betw een R osernount an d N ew port,
destroyed); of th is am o u n t th e re is o u tsta n d in g $11,266,,700.”

THE

1250

C H R O N IC L E

HliuJKS OWNED B PjsJSietatfLVANlA M’f ’U LlOflt A POW Oo.
V
JSB
( T r u s t Set u r i f i n a l l y a u t f i o r i z e d , $ 1 5 , 0 0 0 , 0 0 0 ; r e d u c e d t o $ 1 1 , 2 7 5 , 0 0 0 . )

When
Incofp,
N o r th e r n E! • lit.: L ltflit A P o w e r Co. . .
..
H a m i l t o n E l e c t 1 1.: C o
..................... .
M a n u f a c t u r e r s * E l e c t r i c O o ------- -........ ..
B la m u u d E l e c t r i c C o ........ ............... .......... .
B u b u r b u ii E J e o trio C o .......
......... . ..
W U te a b ic k o u E l e c t r i c L i g h t C o ............. ..
I h jw e l to n E l e c t r i c C o . ........................... .,
..
B ala, & M e r to n E l e c t r i c C o .,. . . —
W e s t E n d E l e c t r i c C o . ................................ ..
..
tt e r m & u io w u E l e c t r i c L i g h t Co
K e y s t o n e L i g h t A P o w e r C o ..................
..
P e r m Blieo, L ig h tC o .* * ...................

Stock
owned.

Stuck
issued.

Stock
vUdoed.

*660,000 X *825,000 x #828,580
1886
18U3 y u.1,000,000 y 10,000,000 y 0,983,700
1606 asl.870,000 21,8 0 9 ,0 0 0 s t l , 800,410
240,830
1800
260,000
247,380
249,700
360,000
248,060
1800
300,720
1806
309,840
897,100
1803
200,000
199,700
200,000
1890
600,140
600,140
597,770
1801
50,300
60,800
237,000
1800
237,66*1
125,000
125,000
1884
m ,9 5 0
1886
121,950
018,486
1887
882,248

N uTi'i -T h e A b o v e c o m p a n ie s h a v e n o f u n d e d d e b t a s i d e f r o m #70,000 1 0 -y e a r
Os o f vVoofc W ad B le o . C o., >.t w h ic h P e n n , M ’f 'g L i g h t & P o w e r O o .o w n s #09,800.
a. P e n n . H e a t L i g h t a P o w e r C o ., a s b e lo w s t a t e d , o w n s t h e r e m a i n d e r , y O f
t h i s . #6,000,000 c o m m o n s t o c k w a s is s u e d f u l l p a i d f o r c e r t a i n p a t e n t r i g h t s ,
r e a l e s t a t e a n d s e c u r it ie s ; a n d #5,000,000 p r e f e r r e d h a s $39 p e r $50 s h a r e p a id
lip , as O n ly 10 p . c. p a i d u p .
T h e P e n n s y lv a n i a H e a t, L i g h t & P o w e r O o. w a s I n c o r p o r a t e d F e b .
>
19, 1 8 9 5 (se e V . 6 2 , p . 3 2 0 ), u n d e r th e la w s o f P e n n s y lv a n ia , a n a o w n s
th e s to c k o f th e fo llo w in g c o m p a n ie s , o f w h ic h th e a m o u n t ln d io a te d
la p l e d g e d t o s e c u r e a n i s s u e o f E d i s o n E l e c t r i c L i g h t s t o c k t r u s t o e r tilio a tto is . 5 s . T h e a u t h o r i z e d I s s u e o f t h e s e c e r t i f i c a t e s i s $ 2 , 0 0 0 , 0 0 0 ;
o u t s t a n d i n g , $ 1 ,9 9 4 ,3 0 0 , g u a r a n t e e d b y th e P e n n s y lv a n i a H e a t , L ig h t
A P o w e r C o ,, w h i c h i n t u r n , t h r o u g h t h e o w n e r s h i p o f t h e s t o c k d e ­
p o s i t e d , Is a l s o g u a r a n t e e d b y i h e P e n n s y l v a n i a M a n u f a c t u r i n g , L i g h t
jfe P o w e r C o . a n d t h e P h i l a d e l p h i a E l e c t r i c C o .

Stock Owned by P enn. H eat, Light & power Co .
( T r u s t 5 s a u t h o r i z e d , $ 2 ,0 0 0 ,0 0 0 ; o u t s t a n d i n g , $ 1 ,9 9 4 ,3 0 0 .)
W ttm

S to c k

S to c k

P le d g e d

incor-p, is s u e .
owned, for J M .T r.8 s.
E d i s o n E le c . L i g h t C o. o f P h i l a d e l p h i a . 1883 $2,000,000 #1,999,900
$1,991,800
C o lu m b ia E l e c t r i c L i g h t C o .. . . . . . . . . . . 1892
63,300
66,300
B r u s h E l e c t r i c L i g h t C o ............................. 18<1
1,000,000
1,000,000
..............
U n i t e d s t a t e s E l e c t r i c L i g h t i n g C o ... . 1881
1,600,000
1,000,000
..............
P h i l a d e l p h i a E l e c t r i c L i g h t i n g C o ____ 18»2
50,000
..............
N o r t h e r n E l e c t r i c L i g h t & P o w e r C o .. 1885
650,000
x326,Q 00
............

fto.ooo

x P e n n . M ’f ’g, L i g h t & P o w e r Co. o w n s t h e r e m a i n d e r ; s e e a b o v e .
N o t e , - T h e r e a r e n o b o n d s o u t s t a n d i n g a s i d e f r o m $3o,000 C o lu m b ia E l e c t r i c
T i g h t 5!4s, o f w h ic h $2,000 In s in k in g f u n d a n d $28,000 o w n e d b y P e n n s y l v a n i a
H e a t , L ig h t & P o w e r C o,
T h e c o m p a n y 's l a s t r e p o r t w a s i n V . 7 4 , p . 8 8 1 . — V . 7 4 , p . 1 0 9 3 .

B a rn e y & S m ith C a r Co.
( R e p o r t fo r

th e

y e a r

e n d in g

M a r c h

3 1 , 1 9 0 2 .)

The re su lts fo r th re e years com pare as below :
F isca l
year.

N et
p ro fits ,

Other
Had
in co m e, debts,

In te re s t
on bonds,

D iv id e n d
o n p re f.

B alan ce,
s u rp lu s .

1 9 0 1 - 0 2 ...,. $ 3 9 9 ,9 9 3
1 9 0 0 - 0 1 ..... 3 7 5 ,0 6 6
1 8 9 9 0 0 ......... 3 6 3 , 1 9 3

$26
$ 6 0 ,0 0 0 $ 2 0 0 ,0 0 0
$ 1 3 9 ,9 6 7
$ 3 ,1 2 6
380
6 0 ,0 0 0
2 0 0 ,0 0 0
1 1 7 ,8 1 2
. . . . . . 6 ,2 9 9
6 0 ,0 0 0
1 0 0 ,0 0 0
1 9 6 ,8 9 4
BALANCE S H E E T MARCH 3 1 .
1901,
1902.
1901.
A s s e ts —
1902.
L ia b ilitie s —
R e a l e s ta te , p la n t
,500,000 52,500,900
P . e f . s t o c k ..............
1,009,000
i m p r o v e m ’t s , &c. $8,726,274 $3,686,753 C o m m o n s t o c k . ..
S u p p lie s o n h a n d . . 1,309,658 1,U U ,046 F i r s t m o r t . b o n d s
,090,000
865,399
874,509 B il ls p a y a b le ------B il ls r e c e i v a b l e _
290,100
_
125,189
148,471 s a v i n g s f u n d ........
389,777
28,140
80,953
A c c o u n t s r e c e l v ’e.
5,000 B o n d I n t e r e s t . . .
5,000
B o n d s o t h e r c o ’a . .
15,000
15,000
IS ,282 A c c o u n t s p a y a b le
531,550
10,649
C a s h . . .........................
358,653
293,087
433,054
F r o n t a n d l o s s ___

,000,000

T o t a l a s s e t s . . . $1,806,657 $5,816,070
—V . 74, p . 1198.

1,000,000

T o t a l lia b llitie s .$ 5 ,8 0 6 ,6 5 7 $5,315,070

B ro o k ly n F e r r y C om pany.
(S ta te m e n t f o r

y e a r

e n d e d

D ec. 3 1 ,

1 9 0 1 .)

T he follow ing d a ta w ere given o u t a t th e recen t annual
m eetin g (com pare V. 69, p, lld2):
IN C O M E A CCO U N T 1 9 0 1 .
$ 3 1 4 ,7 7 2
In te re s t o n b o n d s
R e n t a l l e a s e d l i n e s .........
G r o s s i n c o m e . . . . ............. $ 1 , 2 6 3 , 3 0 2
O p e r .e x p & r e n t . t o o i t y
6 9 8 ,3 7 2
B a l a n c e f o r y e a r . ..
N e t i D O O m e . . _____ _ $ 5 6 9 , 9 3 0
P ro fit a n d lo s s D e c. 3 1 ,

P r o f it & lo s s s u r . J a n . 1 .

$ 4 1 2 ,5 0 0
7 7 ,5 0 0
$ 7 9 ,9 3 0
$ 3 9 4 ,7 0 2

[Vol . LXXIV.

bentures of 1897 having notified th e com pany th a t th ey w ill
exercise th e rig h t to convert th e ir bonds on th a t day into
common stock. T here still rem ain in th e treasu ry $3,090,000
debentures of 1897, in te re st reduced to 4 p. c. from Ja n . 1,
1902, convertible in to com m on stock a t par, and su b ject to
call a t 102%, available for cost of construction of extensions.
—V. 74, p. 985, 829.
B u rlin g to n C edar R a p id s & N o rth e rn Ry . — O p t i o n o f
E x c h a n g e .
-The holders of th e outstanding capital stock are
offered the privilege of exchanging it from J u n e 21 to J u ly 1,
both inclusive, share for share, for stock of th e Chicago
Rock Island & Pacific R v ., a t the la tte r’s office, No. 13 W il­
liam St., New Y ork. T heC . R. & P . has long controlled a
m ajo rity of th e stock; recently friends of th e com pany a c ­
quired the extensive holdings of th e Chicago B urlington &
Q aincy at $160 a share, increasing th e am ount controlled to
over $5,000,000, th e to tal issue being $7,150,000. As the stock
of the Rock Island is now selling above 170, the term s of the
present offer are more favorable th a n those obtained by th e
C. B & Q. See V. 74, p. 1194.
N o tic e
to M i n o r i t y S t o c k h o l d e r s . — com m ittee consisting
A
of B enjam in Griffon, Irv m g K. T aylor and J . U. B rookm an,
w ith Lloyd Taylor as S ecretary, 29 B roadw ay, N ew Y ork,
request shareholders w ho objeco to th e term s offered to com ­
m unicate w ith them .
L isted.—T he New Y ork Stock E xchange has listed $553,000
additional consolidated first m ortgage and collateral tru s t
5a of 1934, m aking the to ta l $7,803,000. T here have been de­
posited w ith th e m ortgage tru ste e $553,000 Cedar R apids
Iow a F alls & N o rth w estern bonds, issued u n d er m ortgage
dated 1884. covering 37 m iles recen tly com pleted, from L ake
P a rk to W o rth in g to n . M inn., and extending to H ardw ick,
M inn.—V. 74, p. 1194, 93.
C an ad ian N o rth e rn R R .—Nfctfus.—A n exchange gives the
follow ing inform ation reg arding this im p o rta n t en terprise:
T h is c o m p a n y is a c o n s o lid a tio n o f t h e W in n ip e g , G r e a t N o r th e r n
R y ., t h e L a k e M a n it o b a R a i l w a y & C a n a l O o. a n d o t h e r c o m p a n ie s ,
a n d w a s fo rm e d in 1 8 9 8 . W m . M a c k e n z ie , o f T o ro n to , w h o b u ilt th e
C a n a d ia n P a c ific , is a t t h e h e a d o f t h e e n te r p r is e , a n d h e h a s a s s o c ia t e d
w ith h im S e n a to r G e o re A . C o x , o f T o ro n to , a n d th e C a n a d ia n B a n k
o f C o m m e r c e p e o p l e . M r . M a c k e n z i e ’s a m b i t i o n I s t o b u i l d a n o t h e r
C a n a d ia n tr a n s c o n tin e n ta l lin e . A t fir s t h e w a s la u g h e d a t by th e
C a n a d ia n P a c ific p e o p le , b u t in le s s t h a n f o u r y e a r s h e h a s in o p e r a ­
tio n l,5 o o m ile s o f r o a d a n d is a d d in g to h is s y s te m a t th e r a te o f 5 0 0
m ile s e a c h s u m m e r.
M r. M a c k e n z ie h a s b u ilt th e r o a d fo r 4 0 0 m ile s fr o m P o r t A r th u r to
W in n ip e g th r o u g h t h e g r e a t w h e a t fie ld s o f M a n ito b a . I t h a s a g r a d e
of but
o f 1. p . c . , a s a g a i n s t a 2 p . c . g r a d e o n t h e C a n a d i a n P a c i f i c
lin e . H e is p l a n n in g t h i s s u m m e r to b u ild 5 0 0 m ile s o f r o a d I n th e
p r o v in c e o f S a s k a tc h e w a n . I t w a s th e M a c k e n z ie p e o p le w h o In f lu ­
e n c e d th e P r o v in c e o f M a n ito b a to e o n tr a o t fo r th e p u r c h a s e o f
t h e N o r t h e r n P a c ific lin e s in M a n it o b a f o r $ 6 ,0 0 0 ,0 0 0 c a s h . U p o n
th e c o m p le tio n o f th is d e a l th e C a n a d ia n N o r th e r n le a s e d th e p r o p e r ­
tie s fo r 5 0 y e a r s fro m th e P r o v in c e o f M a n ito b a a n d so o b ta in e d a n e t ­
w o rk o f lin e s th r o u g h th e g r e a t M a n ito b a w h e a t d is tr ic t.
T h e C a n a d ia n P a c ific b u ilt its lin e s to th e c o a s t n e a r ly o n th e U n ite d
S ta te s l in e i n o r d e r to s e c u r e a r i g h t o f w a y t h r o u g h t h e m o u n ta in s .
T h is l e f t th e w h o le C a n a d ia n n o r th w e s te r n c o u n t r y w ith o u t s u ita b le
ra ilr o a d tr a n s p o r ta tio n , a lth o u g h S a s k a tc h e w a n a n d A lb e rta p ro v ­
in c e s c o n ta in m a g n ific e n t w h e a t la n d s a n d a b o u n d in m in e r a l r e ­
s o u rc e s . M r. M a c k e n z ie h a s s u c c e e d e d in fin d in g a p a s s th r o u g h th e
m o u n ta in s a n d h a s s u rv e y e d a r ig h t o f w a y to th e c o a s t, a d is ta n c e o f
a b o u t 1 ,5 0 0 m ile s fr o m t h e p r e s e n t w e s te r n te r m in u s o f th e C a n a d ia n
N o r th e r n . H e h a s a ls o s u r v e y e d a lin e fr o m th e e a s te r n te r m in u s
th ro u g h N o r th e r n O n ta rio a n d if, a s n o w s e e m s p o s s ib le , h e h a s seo u r e d a n i n t e r e s t i n t h e C a n a d a A t l a n t i c , h e Is in lin e l o r h i s t r a n s ­
c o n t i n e n t a l r o a d , f o r h e w o u ld h a v e n o d iffic u lty i n s e c u r in g tra f f ic
a rra n g e m e n ts w ith th e In te rc o lo n ia l R y . fo r th e e a s te r n e n d .
T h e C o x -M a c k e n z le p e o p le h a v e a l r e a d y p u t u p b e tw e e n $ 1 2 ,0 0 0 ,0 0 0
a n d $ 1 4 ,0 0 0 ,0 0 0 i n t h e s c h e m e , h a v i n g s o ld t h e i r b o n d s m o s tly in
E n g la n d .—V . 7 4 , p : 8 8 2 , 4 7 7 .

T he cash balance Dec. 81, 1901, was
.480, co n tra stin g
Chicago & E a s te rn I llin o is RR.—Galled R onds,—In d ian a
w ith $2C6,972, as show n in balance sheet of Dec. 31, 1900, V .
72, p. 773, th e decrease, a fte r ad d in g th e y ear’s su rp lu s of Block Goal R R . bonds. Nos. 127, 161 and 186, fo r $500 each,
and Nos. 82 and 56, fo r $1,000 each, d raw n for th e sinking
$79 930, being accounted fo r as follow s:
f and, w ill be paid, p rin cip al an d in terest, upon presentation
C o n s tr u c t io n . $ 1 5 4 ,5 6 1 ; lo a n s a n d b ills p a y a b l e ( n e t) , $ 1 6 ,7 5 5 ;
a t th e F arm ers’ Loan & T ru s t Co., in te re st ceasing J u ly 1.—
o th e r ite m s ( n e t), $ 1 3 ,1 0 6 ; t o t a l s a id p a y m e n s, $ 1 8 4 ,4 2 2 .
The b alance sheet of Dec. 31, 1901, is n o t fu rn ish ed , b u t Y. 74, p. 936.
Chicago In d ia n a p o lis & L o u isv ille Ry .— Compromise E x ­
th ere was no change in th e cap italizatio n d a rin g th e y ear.—
p ected .—T h e L o u i s v i l l e Tim es ” says th a t tb e com pany has
V. 73, p. 1162.
suggested to th e com m ittee rep resen tin g th e R ichm ond
N icholasville Irv in e & B eattyville bonds, th e g u a ra n ty of
G E N E R A L IN V E S T M E N T N E W S ,
w hich by tbe L ouisville N ew A lbany & Chicago has long
been in litigation, th a t th e su its be term in ated by a com pro­
RAILROADS, INCLUDING ST R E E T SCABS.
mise. Sw agar Sherley an d St, Jo h n Boyle, atto rn ey s fo r
A n th ra c ite Coal R o a d s.—S t r i k e .—The strik e situ a tio n in holders of a b o u t $425,000 of th e bonds, have accordingly
th e a n th ra c ite region has co n tin u ed w ith o u t m ateria! change. offered to settle a t tw en ty cents on th e dollar, (R egarding
Y esterday, how ever, th e re w ere rep o rts th a t th e non union tbe case see V. 70, p 686; V, 71, p. 83, 599,1119; V. 73, p. 611).
f!fire bosses” m ig h t yield to persuasion, and leave th e ir posts. —V. 74, p. 1138, 1088.
The m ost im p o rta n t developm ent in th e dispute w as th e
C hicago & N o r th w e s te r n Ry.--Aduai3.ee Report.—The r e ­
publicatio n ih th e daily papers on W ednesday of th e co rres­ sults for the fiscal year ending May 81 (May estim ated) com ­
pondence betw een th e U n ited Mine W o rk ers and th e coal pare w ith those for th e preceding year as follow s:
operators preceding th e strik e, In th e “ F in an cial S itu a tio n ,”
Fiscal
dross
Net
Other
Fired
Bal. for
on page 1218, w e recite som e of th e leading p oints disclosed
year —
ea rn in g s . ( ov e rta x e s ). in co m e, charges.
dividends.
by these exhibits.
1 8 0 1 - 0 2 ___ $ 4 6 , 5 3 4 , 8 3 6 $ 1 6 , 6 3 0 , 0 4 4 $ 5 7 7 , 0 8 0 $ 6 , 6 4 0 , 7 3 3 $ 1 0 , 5 6 6 , 8 9 1
The strik e order in th e case of th e b itum inous coal m iners 1 9 0 0 - 0 1 . . . . 4 3 , 0 9 8 , 5 8 7 1 5 , 8 6 8 , 5 8 8 5 7 7 , 0 8 0 6 , 6 2 4 , 3 8 1 9 , 8 2 1 . 2 8 7
of W est V irg in ia w ent into effect a t th e appointed tim e on
F rom tb e su rplus as above, w ere paid dividends of 7 per
Ju n e 7, b u t was variously obeyed. In th e P o cahontas, F ia t cent ($2,737,870) on th e com m on and 8 per cen t ($1,791,000)
Top and New R iv er (N oriolk & W estern ) regions, coal-m ining on th e p referred stock in 1901-03, ag ain st 6 p e rc e n t ($2,846.operations have been largely in terfered w ith ; in the F air- 744) and 7 per cent ($1,567,650) on the respective stocks iu
m ount- C lark sb u rg d istric t on th e o th er h an d th e s trik e has th e earlier year, and $4,696,665 fo r real estate, construction,
am o u n ted to relativ ely n o th in g .—V. 74, p, 1194, 1138.
etc., against $4,169,526, leaving balance, surplus, of $1,840,B a r r e (Y t.) R R . — S t o c k I n c r e a s e d .—T he sh areholders on 255 in 1901-02, against $1,787,367 —Y„ 74, p, 1198, 826,
J u n e 5 voted to increase th e cap ital stock from $80,t)00 to
C hicago R ock I s la n d & • P acific R y ,—O p t i o n . S e c B u r­
$400,000. T he road is leased to th e M ontpelier < W ells lin g to n C edar R apids & N o rth ern Ry. above and Rook
&
R iver R R .
Island & Peoria Ry. below .—V. 74, p. 1189, 1198, 1301.
B uffalo R o c h e ste r & P itts b u r g R y . — C o n v e r s i o n o f B o n d s .
C hicago S t. Paw l M in n eap o lis & O m aha Ry , - - i H c U U n d
—T he oom pany’e com m on stock w ill be increased on Ju ly 1 Increased.—A semi an n u al dividend of 3 per cent was do
f rom $6,000,000 to $7,000,000, th e holders of $1,000,000 of de­ d a re d on M onday on th e oomtuou stock, payable Aug 30.

J u n k 14, 1902.]

THE

C H R O N IC L E .

This Increases the annual rate from 5 to 0 per cent, the pre­
vious payments having been made annually In February, as
follows: In 1897,2 p. c.; 1898,2 p. c.; 1899,
n. e ; in
February, 1900, 1901 and 1902, each 5 p. c.—V. 74, p. 027.
Chicago Union Traction Co.—Injunction Denied,—Judge
Tuley at Chicago on May 81 denied the application of this
company and the Consolidated Traction Co. for an injunction
restraining: the collection of taxes assessed against them for
the year 1901. See V. 74, p 775.
No Jurisdiction.—Judge Seaman, of the United States Cir­
cuit Court at Chicago, on June 5 again refused to take ju ris­
diction in the 99 year lease case. See V. 74, p. 1037, and V.
73, p. 81.
Master's Report.—See Franchise Tax in Illinois below.—V.
74, p. 1037, 775.
Cincinnati Lebanon & Northern Ry.—Purchase.—The
shareholders will vote July 10 on the proposition to purchate
the Middletown & Cincinnati R R —V. 74, p. 1195.
Cincinnati New Orleans & Texas Pacific Ry.—Lease
Signed.—The extended lease of the Cincinnati Southern was
formally signed and delivered on June 7, The mortgage of
Oct. 11, 1881, securing the original lease, was also confirmed.
The “ Cincinnati Enquirer” of June 7 contained the new
contract in extenso. See terms in V. 73, p. 722,—V. 74, p.
829, 727.
Coal & Cofee Ry .—Extension for West Virginia Central.—
This company, incorporated in Weft Virginia on May 14 with
$5,0(10,000 authorized capital stock by officers of the West
Virginia Central & Pittsburg, is building a line from a point
about ten miles north of Elkins westerly through the coun­
ties of Randolph, Upshur, Lewis, Braxton & Gilmer, to open
up coal properties H. G. Davis is President; Arthur Lee,
Treasurer; C. M. Hendley, Secretary.
Dayton & Troy Electric Ry.—Lease.—This company has
taken over under a 99-year lease the Miami Valley Ry. at an
annual rental of $9;60u.
D etroit & Toledo Shore Line RR.—Status —An issue of
$425,000 receiver’s certificates is being put out to meet the
expense of building 1 1-10 miles of track connecting the com­
pany’s track with the Detroit Southern at Trenton, Mich.,
and for the purchase of rolling stock. The report is con­
firmed that the line will be operated as a steam road, as
originally planned, connecting the nine railroads entering
Toledo with the six railroads at Detroit, and not as ah elec­
tric line, as recently intended. The road is about ready to
he placed in operation.—V. 73, p. 899,
Dominion Securities Co.—Reorganization Committee—
Deposits.—James G. Cannon, Vice-President of the Fourth
National Bank; William H. Porter, Vice-President of the
Chemical National Bank, and Samuel Woolverton, Cashier of
the Gallatin National Bank, have consented to act as a reor­
ganization committee. Stockholders are asked to deposit
their shares with the Metropolitan Trnst Co., under a pre­
liminary agreement, before July 3. Mr. Cannon says :
T h e F o u r th N a tio n a l B a n k is n o t in te r e ste d in an y o f th e so -ca lled
W ubb-M eyer lo a n s or se c u r itie s , b u t a t th e r e q u e st o f th e 103 h a n k s
an d in stitu tio n s th r o u g h o u t th e c o u n tr y w h o a re in te r e ste d , I h a v e
u n d erta k en to b rin g a b o u t so m e k in d of an a d ju stm en t. A ll p a r tie s
are h e a r tily co o p era tin g . M a n y o f th e p r o p erties h a v e m erit, and I
f e e l t h a t tn e situ a tio n ca n he m ea su ra b ly clea red up. - V. 7 4 , p. 1 1 3 9 ,
1038.

El Paso (Tex.) Electric Co.—Bonds Offered.—Jackson &
Curtis of Boston are offering $100,000 of the company’s $600,C00 gold 5s, due Jan. 1, 1932. at 97 and interest. The com
pany “does all the street railway business and a large part of
the lighting of El Paso, Texas, and Juarez, Mexico.”—V. 74,
p. 381.
Franchise Tax in Illinois.—Masters' Report. —
Masters in
Chancery Henry W. Bishop and Walter Allen, on June 9,
reported that in addition to the $852,308 already paid, $597 034 is still due on account of the tax of 1900. The amounts
paid and due, according to this report, are as follows:
P e o p le s’ G as L ig h t & Ooke Co. p aid $ 2 5 7 ,1 4 7 , d u e $ 2 7 9 ,9 9 7 ;
C h icago U n io n T ra ctio n Co. p aid $ 2 3 9 ,0 9 7 , d n e $ 1 3 4 ,3 5 0 ; Chi­
ca g o C ity R y . p a id $ 1 5 2 ,4 7 2 , d u e $ 1 3 3 ,9 4 7 ; C h icago T e le p h o n e Co.
p aid $ 7 3 ,5 7 0 , due $ 7 ,2 1 6 ; C h icago E d ison Oo. p aid $ 8 3 ,9 4 9 , d u e
$ 4 1 ,3 3 7 ; C h ica g o C o n so lid a ted T ra ctio n Co. paid $ 3 3 ,6 6 4 , d n e n o th ­
in g; S o u th C hloago C ity B y . p a id $ 6 ,4 0 8 , d u e $ 1 8 5 .

The report has yet to be passed on by Judge Grosscup.
See decision in V. 74, p. 775.
Great Northern Ry.—Lease.—This company has taken a
lease of its subsidiary company, the Eastern Minnesota Ry.—
V. 74, p. 883, 829.
Gulf < Ship Island RR.—Bonds Listed.—The New York
fc
Stock Exchange listed this week the $2,931,000 first refund­
ing and terminal 5 per cent bonds of 1952. The company has
been refunding through Fisk & Robinson of this city its old
bonds, of which all except $16,C00 have now been retired.
An extensive system of piers, docks, etc,, in connection
with a ship canal at Gulfport, is now being constructed, and
will be completed within the next year. In the meantime the
results from operation show a notable increase, the gross for
nine months ending March 31 being $1,012,522, against $727,458 for the corresponding months of last year. From Sep­
tember, 1901, to April 1, 1902, there were handled 52,340
bales of cotton, as against 24,460 hales last year.
On pages 1257 and 1258 we publish at length the official state­
ment just made to the Stock Exchange, which gives much
information, and on page 67 of our I nvebtors’ S upplement
will be found a map of the road,—V. 74, p. 425, 426.

1251

Ilnvnnn Electric Ry.—Bonds Offered.—Subscriptions will
be received at 98 through Edward Sweet Co until 4 i*. m.
June 16 for $7,500,000 of this company’s consolidated mort­
gage 50-year $1,000 gold bonds, part of an authorized total
Issue of $10,000,000, the remaining $2,500,000 being left in the
treasury for future capital expenditure; Central T rust Co. of
New York, Trustee. Bonds dated Feb. 1, 1902 ; interest
payable Feb. 1 and Aug. 1 in New York. Principal payable
by sinking fund at 105, either by purchase a t or under that
price or by yearly drawings to commence January, 1906.
The issue is also redeemable tn whole or in part at 105 per
cent at the option of the company on Feb. 1, 1907, or on any
Feb. 1 or Aug. 1 thereaft-r on givtng six monthB’ previous
notice. An advertisement says in substance:
T h ose b on d s are Issu ed p a r tly to ta k e up th e fo llo w in g o b lig a tio n ®
o f th e co m p a n y : $->.000,000 first m o r tg a g e bonds; $ 7 6 8 ,0 0 0 se co n d
m o r tg a g e bonds; $ 5 8 2 ,0 0 0 o on p on n o te s, e tc ., p r a c t ic a lly a ll o f
w h ich , e x c e p t ab o u t v.O p er c e n t o f first m o rtg a g e b o n d s, h a v e a lr e a d y
agreed to e x c h a n g e th e sam e for th e c o n so lid a te d bonds. T h e b a la n c e
of tlie iss u e w ill b e u sed fo r p a y m e n t o f th e flo a tin g d e b t, for e x t e n ­
sio n s, and for th e a c q u isitio n o f n ew p ro p erty . A p p lic a tio n s w ill a lso
be rece iv e d e im u ita u e o u sly by H a u so n B ro s, in M on treal a n d G ly n ,
M ills. Currie & Co., L ondon. The first m o r tg a g e b on d s b ein g e x ­
ch a n g ea b le a t th e r a te of $ 1 0 5 o f th e c o n so lid a te d b o n d s fo r $ 1 0 0 of
th e first m o rtg a g e b on d s, and th e o th e r b on d s a t p ar, th e a m o u n t o f
th e co n so lid a ted b o n d s req u ired to d isch a rg e th e e x i s t i n g se c u r e d
d e b ts w ill be $ 6 ,6 0 0 ,0 0 0 . A n a m o u n t o f th is c o n so lid a te d b on d is s u e
eq u a l to th e a m o u n t o f th e fir st an d secon d m o r tg a g e b o n d s r e m a in in g
u n co n v erted w ill b e reta in ed In th e h an d s o f th e tr u ste e , a n d su o h
o u ts ta n d in g b on d s w iil b e c o n v e r te d or red eem ed a t a s e a r ly a d a te
as p o ssib le.
T he oom p an y w a s in co rp o ra ted u n d er th e la w s o f N e w J e r s e y
and acq u ired from th e H a v a n a C ity R y. & O m nib u s Co., o rg a n ized In
1 8 7 6 , it s c o n c e ssio n , w h ich e x p ir e s in 1 9 5 8 , an d p r a c tic a lly c o n s ti­
tu te s a m o n o p o ly , a s u n d er Its p r o v isio n s th e c o n c e ssio n a ir e h a s a
p r eferen tia l r ig h t to c o n str u c t a n y e x te n s io n or b r a n ch es for w h ich
c o n c e s sio n s m ay b e g r a n ted w ith in th e lim its o f th e m u n ic ip a lity .
T h e oom p an y is n o w in it s first y e a r o f o p era tin g , a lrea d y c a r r y in g a t
th e ra te o f 2 6 ,0 0 0 ,0 0 0 p a ss e n g e r s p er a n n u m an d e a r n in g a g r o ss
r e v e n u e a t th e r a te o f b e tw e e n $ 1, 100,000 an d $ 1,2 0 (1,000 p er an n u m .
F o r th e p u rp o se, h o w e v e r , o f m e e tin g th e c o m p e titio n of th e s ta g e
co a ch es, th e co m p a n y tem p o ra r ily fix ed it s fa r e a t 5 c e n ts S p a n ish
sliv e r , eq u al to a b o u t 3*s c e n ts A m erica n g o ld , a n d ad d ed tr a ile r s to
it s e q u ip m en t, w h ioh oarry se c o n d -c la ss p a ss e n g e r s a t 3 c e n ts S p a n ish
silver; a s a c o n se q u en ce , th e g ro ss r e v e n u e a b o v e r e ferred to Is in
S p a n ish silv er . T h e o b ject fo r w h ioh th e d eo rea se Id fa re w a s e s ta b ­
lish e d h a s b een su c c e s s fu lly a c c o m p lish e d , an d th e c o m p a n y is
n o w d isc u s sin g a ch a n g e in th e fa re fro m 5 c e n t s S p a n ish s ilv e r to a
r a te e q u iv a le n t to 5 c e n ts A m erica n g o ld . T h is s te p w ill r e s u lt In n e t
ea r n in g s su fficien t to p ro v id e fo r d e p r e c ia tio n , in te r e s t an d sin k in g
fu n d , w ith a c o n sid er a b le su r p lu s for d iv id e n d s o n sh a re c a p ita l. T h e
c a p ita l sto c k is $ 1 2 ,5 0 0 ,0 0 0 , o f w h ich $ 5 ,0 0 0 ,0 0 0 is 6 p er c e n t n o n o u m u la tiv e p referred sto c k . D irecto rs:
E d w in H a n so n (P r e sid e n t), M on treal; W. L. B u ll (1 st V Ice-P res.),
N e w Y ork; N. G e la ts (2d Y lce-P r es.), H a v a n a ; A. M arcu s (T rea su rer
an d S e c reta ry ). N e w Y ork; J . M. A n d retn i, E d w a rd J. B erw ln d , E v a n s
R. D ick . Thos. P. F o w ler, E u g e n e G riffin. G eo, B. M. H a r v e y , A le x .
L aird . H. C. P erk in s, R . A . G. S m ith , a ll o f N ew Y ork , a n d Sir W m . O.
V an H orn e an d W m . L . D o u ll o f M on treal.—V. 7 4 , p . 77 8 .

Honolulu Rapid T ransit & Land Co.—Bonds Offered.—
E H. Rollins & Sons are offering at 107% and interest $315,000 of this trolley company’s authorized Issue of $1,000,000
0 per cent sicking fund $l,000 gold bonds, dated May 1,1902,
and dne May 1, 1927, but subject to call May 1, 1917; inter­
est payab'e May 1 and Nov. 1 at Union Trust Co. (mortgage
trustee), San Francisco; National City Bank, New York, or
company’s office, Honolulu. Further facts:
C a p ita l sto c k a u th o riz ed , $ 1 ,0 0 0 ,0 0 0 ; iss u e d , $ 2 8 6 ,3 0 0 co m m o n
an d $ 2 0 9 ,0 0 0 p referred . A u th o rized b on d is s u e o f 1 9 0 2 , $ 1 ,0 0 0 ,0 0 0 ;
o u tsta n d in g , $ 3 1 5 ,0 0 0 ; rese r v e d to r e tire $ 1 4 5 ,0 0 0 6 s o f 1 9 0 0 , d u e,
1 9 2 0 , $ 1 4 5 ,o 0 0 ; iss u a b le o n ly a t $ 1 5 ,0 0 0 p er m ile for n e w c o n s t r u c ­
tio n . etc ., $ 5 4 0 ,0 0 0 . I n o p era tio n 8 m ile s in H o n o lu lu ; b u ild in g
to W aik ik i B e a o h , e tc ., 8 m iles; 85 lb . ra il, ro ck b a lla ste d ; 35 v e s tlb u led cars. O p era tio n s b eg u n S ep t. 1, 1901; g ro ss r e c e ip ts fo r A p ril,
1 8 0 2 , $ 1 2 ,9 7 6 ; n e t . ^ . H D ; in te r e s t ch a r g e , $ 2 ,3 0 0 ; t a x e s a n d in su r ­
a n c e , $ 3 7 9 . P r e sid e n t, L. A . T h u rston . O n ly c o m p e titio n , s in g le
tra ck h orse car lin e , fo rb id d en to u s e tr o lle y . P o p u la tio n , H o n o lu lu ,
1 9 0 0 ,3 9 ,3 0 6 , In crea se in 10 y e a r s 7 1 p . c.

Indiana Illinois & Iowa RR.—Listed.—The New York
Stock Exchange has listed $350,000 additional first mortgage
4s, making the total $4,850,000. Of these new bonds $152,000
represents new equipment, the remainder additional side­
tracks, shops, etc. In January last the Lake Shore & Michi­
gan Southern Ry. Co. acquired $4,436,200 of the capital
stock,—V. 74, p. 205, 41.
Indianapolis N orthern Traction Co.—Acquisitions.—
This company, recently organized by the McCulloch Syndi­
cate (which controls the Union Traction Cc. of Indiana, see
page 7, Street R ailway Supplement), to build a trol­
ley line from Indianapolis northerly to Kokomo 60 miles, has
acquired by purchase the franchises cf the Lau & Stoneman
Co., for a line from Kokomo to Logansport, 25 miles, aod by
merger the Loganeport Rochester & Northern Traction
Co., for a line to extend from Logansport northeasterly to
Rochester, Warsaw and Kendallville, 101 miles, with
branches 20 miles, making in all 200 miles of franchises.
Arrangements have also been made to merge the LaFayette
Street Ry., and to build a line from La Fayette to Logansport, via Delphi,—V. 74, p. 895, 428.
Kansas City Mexico < Orient Ry.—Important Track­
te
age Agreement.—A ten-year agreement has been entered
into with the Chihuahua & Pacific RR. Co. giving the Kan­
sas City Mexico & Orient RR. Co. full trackage rights over
the C. & P. from Chihuahua southwest to Minaca, 125 miles,
forming part of the proposed line to Port Stilwell. The
Kansas City Mexico & Orient Company has large sec­
tions of roadbed graded, and rail laying is under way in
Kansas, Texas and Mexico. Some $4,000,000 has already
been expended, and it is believed that within three years the
entire line from Kansas City to Port Stilwell, a distance of
1,500 miles, will be in operation.

1252

TH E

C H K O N IO L E

h u u *‘
O ity
T e r m i n a l s .—The K in sa s City te rm in als w ill
in w iv e an expenditure of abo u t $’ ,1)00,000, and w ill give th e
3
i:uuipauv direct connection w ith practically every road e n ­
ter j
K ansas Oity except the Chicago A Alton* Xhe plan
iuolu i ,a a fo u r-track term in al, tw o track s for steam and tw o
tor electric traffic, and w ill require th e building of tw o new
hi i Ice,5 , one a five-span iron s tru c tu re across the M issouri
River. T he K ansas City O u ter Bait & E le c tric K it. has been
incorporated w ith $1,500,000 cap ital stock to provide th e
term in als,—V. 74, p. 1088,
Luke S u p e rio r & Ish p e m in g H y . — C a l l e d B o n d s , - — The
F a n n e r ’s Loan & T ru st (Jo, w ill pay at 105 and accrued in te r­
est. on J uly 1, 1913, forty-five first m ortgage bonds of 1896.—
V. 78, p, 1307,
L ittle Falls & D o lg e v ille E f t.—Sale July
The fore­
closure sale will take place at Herkimer on July 24.—V. 74,
р. 577.
London U n ite d E le c tric E y . — N e w T u n n e l P r o j e c t . —The
U ndei ground E lectric R ailw ays Co, of London, in w hich
C harles Y erkes is in terested , an d w hich th e Speyers and the
Old Colony T ru st Co. w ill finance, w as described in the
Chronicle of A pril 12, page 777. T he London U n ited E lec­
tric R y. is th e deep-level electric road w hich J, 8. M organ
& Co. anti th e capitalists b ack of th e London U nited T ram ­
w ays Co, are proposing to build. T his new tu n n e l road (the
th ird in London to in te re st A m erican cap italists, th e C entral
L ondon being th e first) is described by th e “ R ailw ay News ”
of London as follow s:

T h e L o n d o n U n ited system '' (In clu d in g th e N o r th e a st L on d on
R y ., th e P ic c a d illy & O ity R y . an d th e L o n d o n U n ite d R y .) c o m p rises
a s tin a lly p a ss e d b y th e H o u s e o f L ords, tu b e s c h e m e s c o m m e n c in g at
H a m m ersm ith B r o a d w a y an d g iv in g fa c ilit ie s fo r th e in te r c h a n g e o f
traffic w it h th e 100 m ile s o f [su rfa ce] lin e c o n str u c te d [1 6 m ile s], au ­
th o r ise d or p ro p o sed o f th e L o n d o n U n ite d T r a m w a y s Oo. P ro m H a m ­
m ersm ith t h e ro u te fo llo w e d is u n d er th e m a in road a lo n g K e n sin g to n
H ig h S t., the so u th sid e o f H y d e P a rk , to P ic c a d illy C ircu s, a n d from
th e re to C h arin g C ross, a n d v i a th e S tr a n d an d F le e t S t. to L u d g a te
C ircu s an d th e M o n u m en t. A t th e M on u m en t th e lin e b e a r s a w a y in a
n o rth e rly d ir e c tio n b y w a y o f th e K in g sla n d R o a d , S ta m fo rd H ill, to
T o tte n h a m , a n d th e n n o r th w e s t b y w a y o f L ord sh ip L a n e to P a lm e r 's
G reen . T h e sc h e m e in o lu d e s a n im p o r ta n t n o r th an d so u th co n n e c ­
tio n b e tw e e n M arb le A rch , w h ere fa c ilitie s w ill b e p r o v id e d fo r in te r ­
c h a n g e o f traffio w ith th e C en tra l L o n d o n C o m p a n y ’s s y s te m , and
C ia p h a m J u n c tio n , w h ere th e re w ill b e in te r c h a n g e o f traffio w it h th e
L o n d o n & S o u th w e s te r n sy s te m , a n d th e s e r v ic e s o f th e B r ig h to n
S o u th e a ste r n * C h a th am , an d D is tr ic t, w h ic h a lso u se t h a t sta tio n .
T h e L on d o n U n ite d grou p h a s th u s se cu red , so fa r a s th e H o u se o f
Lords i s c o n c e r n e d , a m a g n ific e n t s y s te m , w h ic h it s fin a n cia l str e n g th
c a n e a s ily c o n str u c t. T h e H o u se of C om m on s i s h a rd ly lik e to do L on ­
d o n so i l l a tu r n a s to th r o w a w a y t h e c h a n c e o f h a v in g su c h a sp le n ­
d id s e r v ic e p ro v id ed .

[v o l .

Lxxrv.

0 0 0 a y e a r a n d th e n e t e a r n in g s a t $ 3 4 0 ,5 0 0 . D e d u c t th e in t e r e s t o n
th e u n d e r ly in g b o n d s o f th e r a ilw a y a n d th e fix e d c h a r g e s o n t h e e l e c ­
t r i c l i g h t p la n t. $ 1 4 6 ,0 2 0 ; 6 p o . o n $ 5 0 0 ,0 0 0 r e c e i v e r s ’ c e r tif ic a te s ,
$ 3 0 ,0 0 0 ; t a x e s i n 1 9 0 1 ( a b n o r m a lly la r g e ) , $ 7 8 ,7 1 6 ; t o t a l d e d u c tio n s ,
$ 2 5 4 ,7 3 6 ; b a la n c e , s u r p l u s , $ 8 5 ,7 6 4 , T o w h ic h o a n b e a d d e d , In r e a ­
s o n a b le e x p e c ta tio n , 4 0 p . e. o f $ 1 0 0 ,0 0 0 a d d itio n a l g r o s s e a r n in g s in
n e a r f u t u r e , $ 4 0 ,0 0 0 ; t o t a l , $ 1 2 6 ,7 6 4 . T h is w o u ld b e a p p lic a b le t o ­
w a r d s p a y m e n t o n t h e $ 2 ,3 0 0 ,0 0 0 o f c o n s o li d a te d b o n d s , o n w h ic h
th e F e b r u a r y , 1 9 0 1 , c o u p o n s a r e u n p a id . I t is th e o p in io n o f o u r e x ­
p e rts th a t th e p la n t c a n b e r u n fo r 55 p , c. o f g ro s s e a rn in g s w h e n a ll
th e c o n te m p la te d I m p r o v e m e n ts a r e m a d e . T h is w o u ld a d d $ 4 7 ,5 0 0
to th e n e t e a r n in g s in th e a b o v e s ta te m e n t.

‘ i t will tak e a t leant th e balance of th is year to com plete
th e w ork now ordered and contem plated, and n o t u n til th a t
is done can a proper plan of reorganization be considered,
b u t the above gives, we th in k , a fa ir statem en t of th e posi­
tion and prospects of th e com pany as a t present revealed.”—
V. 73, p. 1061.
N a tio n a l E E . o f M exico.—One S e c t i o n S t a n d a r d G a u g e .
—The portion of th e m ain line fro m Alice to Laredo, T exas,
a distance of 68 miles, has been m ade stan d ard gauge and
laid w ith 70 lb. steel ra ils.—Y. 74, p, 1139, 1089.
New J e rs e y & S ta te n is la n d J a u c tio n E E .—S t o c k T r a n ­
s a c t i o n s . — T he reported info rm atio n regarding th is com pany,
whose shares excited in terest on the cu rb th is w eek by an
advance from 120 to 205 a t th e hands of tw o brokers, w as
given in Y. 73, p. 32; Y. 72, p. 137.
New O rle a n s R a ilw a y s.—G a l l e d B o n d s . — N ew O rleans
Oity & L ake RR. consolidated first m ortgage bonds due J a n ­
u ary 1st, 1943, to th e am o u n t of $108,500, have been called
and w ill be paid a t 110 ex Ja n u a ry , 1903, coupons, a t the
Colum bia F in an ce & T ru st Oo., Louisville, K y ,, on J a n u a ry
1st, 1903,
D e p o s i t s . —The tim e for deposits u n d er th e plan of am alg a­
m ation expired on W ednesday.—V. 74, p. 1139, 1089.
New Y ork & M arlein E E .—M o r t g a g e S a t i s f i e d . —T he $12,000,000 m o rtg ag e of 1872 w as discharged of reco rd o n Ju n e 9.
—Y. 71, p. 1220.
New York New H av en & H a rtfo rd R E .—B o n d s . — See
Old Colony R R . below .—V. 74, p. 1196, 1038.
N o rth a m p to n E E .—G u a r a n t e e d B o n d s Offered.—B artol &
Oo., P hiladelphia, are offering a t 101 and in te re st the rem ain ­
ing $50,000 of th is com pany’s $300,000 first m ortgage 50-year 5
p er cent $1,000 gold bonds, d ated Ja n , 1, 1902, g u aran teed
principal and in te re st by th e L ehigh & N ew E ng lan d R R .,
lessee. T he proceeds w ill be used fo r an extension connect­
ing w ith th e P en n sy lv an ia R R .—V. 74, p. 478.
N o rth e rn P a c ific R y.— Listed.—T he N ew Y ork Stock E x ­
change has listed $3,024,000 additional prio r lien bonds of
1997, m aking the to ta l $98,868,500. These bonds represent
new construction, equipm ent, e tc .—V. 74, p. 1140, 937,
N o rth S h o re R R ., C a lifo rn ia .—B o n d s Sold,—The M er­
cantile T ru st Co. of 8an Francisco, has placed a t p ar and
accrued in terest, $750,000 of th e $6,000,000 first m ortgage
5 per cent sinking fu n d 40-year gold bonds of $1,000 each,
dated M ay 1, 1902, in te re st being payable M ay 1 and Nov. 1
in San F rancisco or N ew Y ork City. Of th e bonds. $1,498,000 are reserved to re tire a t or before m a tu rity th e N o rth
Pacific Coast 5 per cent bonds of 1912, and th e balance are
issuable from tim e to tim e as req u ired for extensions and
im provem ents. T he follow ing im provem ents, calling, it is
understood, for an expenditure of $1,375,000 in th e new
bonds, are now proposed, $625,000 of th e bonds having already
been so applied, viz,:

The estim ated cost of th e land, w orks, electrical equipm ent
and rolling stock for the com plete schem e, of some 21 m iles,
w ith a 18 ft. 6-in. tu n n e l th ro u g h o u t, is abo u t £11,000,000 in
th e aggregate, T he L ondon U n ited T ram w ays (the allied
surface road) includes a n etw o rk of lines in W est London
reaching to T eddiugton, S u rb ito n an d W im bledon, S outhall,
C ranford, H an w o rth , etc,, an d rep resen tin g a proposed o u t­
lay of som e £3,000,000,
Long I s la n d E E .—Atlantic Avenue Improvement Payments
Enjoined,.—Ju stic e C larke, in th e Suprem e C ourt in th is city
on T hursday, on application of R o b ert W . H olm es, gran ted a
tem p o rary in ju n c tio n re stra in in g city co m p troller E dw ard
M. G ro u t from m aking any paym ents on account of the
A tla n tic A venue Im p ro v em en t,—V. 74, p. 1196,1139,
M e tro p o lita n S tr e e t E y. New Y o rk .—I n j u n c t i o n s D e n i e d . —
The A ppellate D ivision of th e Suprem e C o u rt on Ju n e 6,
affirm ing th e order of J u stic e G ildersleeve, declined to g ra n t
1 n e w s te a m f e r r y b o a t ( c o n tr a c te d fo r); 2 5 ^ m ile s s ta n d a r d - g a u g s
an in ju n c tio n to H a rry C ontent and laid o r W orm ser re stra in ­ t r a c k ( 6 0 - l b . s t e e l ) , b a l l a s t e d a n d e l e c t r i c a l l y b o n d e d , f r o m S a u s a l i t o
e
ing th e lease of th e p roperty to th e In te ru rb a n S treet R ail­ t o M i l l V a l l h y , F a isr faa x a n dd S ra n R a f a e l , e l e c t r i c t r o l l e y o r t hr i r d n r a i l t o
u
g
a
w ay Co, pending th e tria l of th e case. See V. 74, p. 776. tbie n ;s ende cwe iet s a n ye cf e e s g r yt faene d e p sa;s s1e lnagr e re B at e s ma e lde c et rl iecc tgr ecn emaot ti o rgs ; s rt a ­­
o
r
r i h
c r
n
i
e
—V. 74, p. 1196, 1139.
n e w a ls o f 3 5 -lb . o ld ir o n r a i l s w i t h 5 0 -lb . s t e e l o n u p p e r d iv is io n , w ith
n e c e s s a ry n e w tie s a n d b a lla s t, a ll th e a b o v e to b e c o m p le te d b e fo re
M e tro p o lita n W est S id e E le v a te d R E ., C hicago.—T he di­ M a y 1 , 1 9 0 3 ; a l s o a c u t - o f f , c o n s i s t i n g o f 2 - 4 m i l e s o f s i n g l e t r a c k a n d
recto rs have sold to the F irs t N atio n al B ank of Chicago o n e t u n n e l 3 , 1 0 0 f e e t i n l e n g t h , w h i c h w i l l e l i m i n a t e 5 m i l e s o f t h e
$1,500.,C O 4 per cent extension bonds of 1901 to m eet th e cost p r e s e n t r o a d b e d , e f f e c t a r e d u c t i o n o f 1 0 4 f e e t i n m a x i m u m e l e v a t i o n
O
a n d 2 ,2 9 5 d e g r e e s o f c u r v a t u r e , a n d t h e a b a n d o n m e n t o f 7 v e r y h i g h
of con stru ctio n of bran ch es.—V. 74, p, 828, 577.
t r e s t l e s , a n d s h o r te n t h e t r a c k o v e r 2 m ile s .
M iam i V alley R y .—Lease.—See D ayton & T roy E lectric
A n an n u al sinking fu n d beginning M ay 1, 1912, ra n g in g
R y, above.
from one h alf to tw o and one-half per cen t of th e o u tsta n d ­
Missouri Kansas & Texas Ry.—No Guaranty.—Seo Orange in g bonds, is provided for, th e sam e, to g eth er w ith all in te r­
& N o rth w e ste rn .—V. 74, p, 1139, 1089.
est or other incom e derived therefrom , to be invested in
N a sh v ille (T e n n .) By,—Receiver’s Certificates,—Ih.® con­ bonds of th is issue or otherw ise; any bonds so purchased to
be kep t alive and continue to bear in terest. T he San F r a n ­
solid ated bondholders’ com m ittee in a c irc u la r says:
I k e o ity a u th o r itie s d isp u te d th e r ig h t o f th e c o m p a n y t o c o n so lid a te cisco Stock and Bond E xchange has listed th e o u tstan d in g
w ith th e C u m b erla n d E le c tr ic L ig h t & P o w e r Oo. T h e lo w e r co u rt h a s bonds.—V. 74, p, 1140, 1039.
d e c id e d In o u r fa v o r , h u t th e c a s e h a s b e e n a p p e a le d an d w ill h a v e to
O ld Colony R R ,—N e w B o n d s . —The M assachusetts R a il­
g o th r o u g h tw o co u r ts m o re, w it h n o fin a l d e c is io n u n til p r o b a b ly th e
s p r in g o f 1 0 0 3 . O ur a t to r n e y s a re c o n fid e n t t h a t t h e fin a l d e c is io n road Commission has approved th e issue of $1,000,000 o t S } 4
w ill be in f a v o r o f t h e co m p a n y . I n th e m e a n tim e th e n e w o it y a d ­ p, o. bonds to reim burse th e N ew Y ork N ew H aven & H a r t­
m in is tr a tio n is fr ie n d ly , a r e d u c tio n o f t a x e s is a ssu r e d , a n d n e w ford R R . for th e am ount paid fo r th e C om m onw ealth flats in
p r iv ile g e s h a v e b e e n g ra n ted .
~ T h e c o m m itte e fo u n d t h a t a n e x p e n d itu r e o f a t l e e s t $ 5 0 0 ,0 0 0 w a s South B oston.—V. 73, p. 1208.
r e q u ired to p u t th e r a ilw a y s a n d e le c tr ic -lig h t p la n t in c o n d itio n to
a c c o m m o d a te th e p r e s e n t b u s in e s s an d th e in c r e a s e p r a c tic a lly w ith in
s ig h t. T h e p r in c ip a l e x p e n d itu r e w ill b e on t h e a d d itio n s to th e e le c ­
tr ic -lig h t s y s te m , w h ic h is r u n n in g to it s f u ll c a p a c ity . A b o u t $ 2 0 0 ,0 0 0 h a s a lrea d y b e e n ex p e n d e d , b e in g b o rro w ed te m p o r a r ily fr o m th e
B a ltim o r e T r u st & G u a ra n te e Co. b y th e c o m m itte e u p o n th e h y p o th e ­
c a tio n o f th e b o n d s c o n tr o lle d b y th e m . A n is s u e o f $ 5 0 0 ,0 0 0 in 6 p.
с. r e c e iv e r s ’ c e r tific a te s is p ro p o sed , w h ic h w ill b e a lie n o n t h e p ro p ­
e r ty a h ea d o f th e $ 2 ,3 0 0 ,0 0 0 o f c o n so lid a te d b o n d s a n d an o b lig a tio n
o f th e e le c tr ic -lig h t c o m p a n y , so fa r a s th e s a in e a r e to b e u se d f o r t h a t
c o m p a n y . O f t h e s e $ 5 0 0 ,0 0 0 c e r tific a te s t h e c o m m itte e h a s a lrea d y
p la c e d $ 3 5 0 ,0 0 0 a n d th e b a la n c e c a n b e p la o ed a s w a n te d . I t h as
b een d e t e im in e d t o c h a n g e th e lo c a tio n o f th e p o w e r p la n t, a n d i t is
p o ss ib le t h a t th e t o ta l e x p e n d itu r e m a y h a v e t o e x o e e d th e $ 5 0 0 ,0 0 0
m e n tio n e d .
T h e g r o s s e a r n in g s fo r th e s ix m o n th s en d e d D eo . 3 1 ,1 9 0 1 , w e r e
$ 3 9 1 ,4 5 6 , a n d fo r th e th r e e m o n th s en d ed M aroh 3 1 ,1 9 0 2 , sh o w an
in c r e a s e o f $ 1 7 ,8 9 1 o v e r sa m e p e r io d in 1 9 0 1 . I t is s a f e to s a y th a t
t h e g r o s s e a rn in g s, e v e n on p r e s e n t p la n t, o an b e o a lo u la te d a t $ 8 5 0 ,-

Orange & Northwestern E E .—No Guaranty—E . W. Poor
L
6 Co. inform u s th a t th is com pany’s bonds have n o t been
g u aran teed by th e M issouri K ansas & Texas, as has been
rep o rted in a n u m b er of p ap ers.—V. 74, p. 937.
O skaloosa T ra c tio n A L ig h t Co.—Incorporated.—T his
com pany w as incorporated in Iow a on J u n e 4 w ith $800,000
authorized cap ital stock. The stockholders include Calvin
M anning, M ajor M ahon and oth er O ttum w a capitalists,
P a n a m a B E .—L isted.—T he N ew Y ork Stock E xchange
has listed $1,000,000 additional first m ortgage P.m of 19Vi,
m aking th e to ta l $2,526,000. The en tire proceeds of the sale
of these additional bonds is to be applied to the paym ent of
an indebtedness incurred on account of th e new term in al at
the P o rt of L a Boca, in th e Bay of Panam a, w hich was

J u n e 14, 1902.]

JfHE C H R O N IC L E

completed at a total cost of $2,150,000, and opened to traffic
on Jan. 1, 1901. The balance of the cost was met by ex­
penditures from the company’s earnings.
New Contract Signed,—See Pacific Mail Steamship Co. on
page 1255.—V. 74, p. 1090,827. '
Philadelphia Co. of P ittsburg.—Listed.—' he Philadel­
T
phia Stock Exchange has listed $1,850,000 additional common
stock, making total, $28,952,550. This additional stock has
also been listed on the New York Stock Exchange. Of the
new stock, 25,500 (half) shares have been sold for cash and
from the proceeds $107,197 has been applied to the purchase
of 12,417 shares of the stock of the South Side Gas Co., being
a controlling interest in said company ; $250,000 of the pro­
ceeds along with 1,500 shares have been issued to the owners
of the shares of a large number of companies organized un­
der the laws of Pennsylvania for the purpose of building
underground and overhead street passenger railways in the
cities of Pittsburg and Allegheny, no part of which road has
been built. The remainder of the cash received for said
shares has been paid into the treasury ot the oompany and is
to be used for the general purposes of the company.—V. 74,
p. 988, 1036, 1039.
Pittsfield (mass) Electric Street Ry.—New Securities.—
The Massachusetts Railroad Commission has sanctioned the
sale at 110 of $70,000 new stock, making $200,000 outstanding,
and has under consideration the application to issue $200,000
in bonds. The extension from Dalton to Hinsdale, 4 miles,
has been approved.—V. 73, p. 900.
Presidio & Ferries RR., San Francisco.—Called Bonds.—
Ten bonds have been called for redemption.
Rock Island & Peoria Ry.—Option of Exchange.—The
holders of the outstanding capital stock are offered the priv­
ilege of exchanging it from June 21 to July 1, both inclusive,
share for share, for stock of the Chicago Rock Island & Pa­
cific at the latter’s office, No. 13 William St., New York. The
C. R. I. & P. has long owned about two thirds of the com­
pany’s capital stock. See V. 74, p. 1197.
Savannah Union Station Co.—Bonds.—The shareholders
on June 3 authorized the issuing of $800,000 of 50-year 4 per
cent first mortgage gold bonds.—V. 74, p. 1039, 207.
Southern Ry —Called Bonds.—The Central Trust Co. will
pay at par on Aug. 1, $61,000 equipment mortgage bonds of
the Georgia Pacific Railway Co.—V. 74, p. 1090, 1039.
Staten Island Electric RR.—Reorganization —The new
company to be formed under the plan of reorganization
will be known as the Richmond Light & RR. Co. The reor­
ganization committee, referring to the plan published May
24 (page 1091), says in substance:
T h e c o m p le x ity o f th e situ a tio n a p p ea rs fro m th e fo llo w in g : T h e
N e w Y ork & S ta te n Is la n d E le c tr ic Oo. o w n s a ll th e R a ilro a d C om ­
p a n y ’s sto ck , b u t Is in d eb ted to th e R a ilro a d C o m p a n y [to th e e x t e n t
o f $ 1 3 4 ,0 5 7 —E d .], w h ile th e R a ilro a d O om p an y b u y s from th e L ig h t
O om pan y a ll th e p o w er n e ed ed fo r th e e le c tr ic r a ilw a y . T he L ig h t
C om p an y sto c k is m o stly o w n ed b y th e R ich m on d B orou gh C o., a co r­
p o ra tio n fo rm ed to ca rry th e flo a tin g d eb t o f th e th r ee c o m p a n ie s flr st
n a m ed , and t h e L ig h t C o m p an y is in d e b te d to th e B orou gh C om p an y to
th e e x t e n t o f a b o u t $ 3 5 0 ,0 0 0 . A g a in , th e L ig h t C om p an y, b e in g in
u r g e n t n eed o f m a ch in e ry to t r a n s a c t it s b u sin e s s, w a s a s s is te d b y th e
fo r m a tio n o f th e R ich m o n d C o u n ty P o w er Co. (w ith b o n d s $ 5 0 0 0 0 0
p le d g e d a s c o lla te r a l and sto ck $ 5 0 0 ,0 0 0 ). A b o u t $ 3 0 0 ,0 0 0 o a sh is
n eed ed to se c u r e u n en cu m b ered t it le to th e p o w er p la n t f u lly com
p le te d fo r th e n e w co m p a n y . T h e b a la n c e o f th e ($ i38,0O 0) c a sh to be
ra ised w ill be u sed to p a y a rrea rs o f t a x e s , c o m p le te th e co m m e rcia l
sy s te m o f th e lig h tin g p la n t, se c u r e co n tro l o f o th e r p ro p erty a n d for
th e e x p e n s e s o f r e o r g a n iza tio n , an d a n y u n e x p e n d e d a m o u n t w ill be
tu r n e d o v er to th e n e w co m p a n y .
T h e flo a tin g d eb ts o f th e co m p a n ie s ( e x c e p t th a t o f th e P o w e r C o m ­
p a n y ) are p r a c tic a lly a ll h eld b y th e B o ro u g h C om p an y [to a t o ta l o f
$ 6 2 3 ,1 8 6 o n D ec. 3 1 ,1 9 0 1 —E d .] and are s u b s ta n tia lly r e p r e s e n te d b y
th e ca sh su b sc r ip tio n s m a d e to th e sto c k o f th e la tte r . S u ch o f th e
b a la n ce o f their flo a tin g d eb ts an d su ch of th e d e b t o f th e P o w e r C om ­
p a n y as m a y b e a p p ro v ed b y th e c o m m itte e , w ill b e d isch a rg e d b y th e
fu n d s u n d er th e o o n tro l o f th e co m m itte e or assu m ed b y th e n e w c o m ­
p an y. T h e p la n reo o g n izes th e o b lig a tio n o f th e se flo a tin g d e b ts an d
d e a ls w ith t h a t o w n ed by th e B orough C om p any b v o fferin g to th o s e
e n title d to $ 7 4 3 ,0 0 0 o t th e p referred sto o k an d $2,972,O uO o f th e c o m ­
m on sto ck o f th e B o ro u g h O om pany agreed to b e is s u e d for $ 7 4 3 ,0 0 0
su b scrib ed an d paid in ca sh , sto ck o f th e n ew o o m p a n y to th e a m o u n t
o f $ 9 2 8 ,7 5 0 , w h ich is 12 5 p er c e n t u p o n th e a m o u n t o f th e o a sh s u b ­
sc r ip tio n s to th e B o r o u g h C o m p an y.—V. 7 4 , p. 1 0 9 1 .

Texas & Pacific Ry.—New Line.—The oompany on June 8
began operating the Natchitoches & Red River Valley Ry. (V.
74, p. 626) and the extension thereof to Lake End, in all 30
miles.—V. 74, p. 1089, 626.
Toledo Railways & Light Co.—IV ? Interests.—A large
ew
block of this company’s $12,000,000 capital stock has been
purchased from the Everett-Moore syndicate by interests rep­
resented by Kean, Van Gortlandt & Go. The EverettMoore people still retain a considerable amount of the
stock, and their holdings, together with those of Kean, Van
Gortlandt & Go,, constitute considerably more than a ma­
jority of the share capital. The board of directors will be
increased in order to give representation to the new inter­
ests in the property.—V. 74, p. 1197, 885
Twin City Rapid T ransit Co.—Ihree-Cent Fares —The
City Assembly of St. Paul on Jane 5 appointed a committee
to investigate whether the company is amenable to the city
tax of 5 per cent of gross earnings and whether a three-eent
fare would not be reasonable.—V. 74, p. 1089, 989.
United Railroads of San Francisco.—Title Taken,—On
June 5 four deeds were placed on record covering the final
transfer to the company of the Market Street, Sutter Street,
Butro and San Mateo railways. The property transferred in

1253

eludes roadbed, rolling stock, franchises ami real estate of
the four corporations.—V. 74, p. 1091, 1080.
Venango Power & Traction Co., Venango County, P a .—
Bonds Offered.—Frank T. IlarriDgton, 66 Broadway, is of­
fering at; I03j>^ and interest $660,000 of this company’s
$1,000,000 first lion 5 per cent $1,000 gold bonds, dated July
1st, 1901, and due July 1st, 1931, but redeemable at any in­
terest period prior to 1911 at 115 and interest, thereafter at
105 and Interest, Interest payable Jan. 1 and July 1 in New
York City by the Colonial Trust Co., the mortgage trustee.
A circular says:
T o ta l b on d ed d eb t, th is Issu e, $ 1 ,0 0 0 ,0 0 0 ; c a p ita l s to c k , $ 1 ,0 0 0 ,0 0 0 .
A co n so lid a tio n o f a ll th e eleo trlo rail w a y s In V en an go C o u n ty , P a .,
em b ra cin g C itiz e n s’ T r a ctio n Co., O il C ity S tr e e t Ky. C o., O il C ity
R o u se v llle & F ran k lin R y. C o., S ta tio n Ry. O o., F ra n k lin E le c tr ic R y.
Co., w h loh a re o p era ted a s o n e c o n tin u o u s road o f 3 2 m ile s, s e r v in g a
p o p u la tio n of 3 0 ,0 0 0 , an d th e C itiz e n s’ L ig h t <fe P o w e r Co , w h ioh ,
w h en e x te n sio n u n d er c o n str u c tio n sh a ll h a v e b een c o m p le te d , w ill
se r v e a p o p u la tio n of 1 7 ,0 0 0 . S in c e c o n so lid a tio n a ll or th e a b o v e
p ro p erties h a v e u n d erg o n e Im p ro v em en ts an d e x te n s io n s . P r e sid e n t,
D a n ie l J . G eary, O il C ity , P a.

West Virginia C e n tra l* P ittsburg Ry.—Extension.—See
Coal & Coke Ry. above.—V. 74, p. 989, 777.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American C ar* Foundry Co.—Negotiations.—K. K. Bixby,
Chairman of the Board, is quoted as saying that talk of a
merger of the company with the Pressed Steel Car Co. has
not reached the form of a definite proposition by either com­
pany.—V. 74, p. 938, 729.
American Ice Co.—The shareholders, it is announced,
have the right to June 19 of subscribing to the new 5 per
cent collateral trust bonds at 95 and interest from April 1.—
V. 74, p. 885, 729.
American Screw Co.—Yew President.—Samuel M. Nichol­
son, President of the Nicholson File Co., has been elected
President of the American Screw Co., to succeed Clark
Thurston, resigned.—V. 72, p. 673.
Associated M erchants’ Co.—See Hahne & Co., below.—V,
74, p. 1091, 476.
Bay State Gas Co. of Delaware.—Time for Deposits.—
Lawson, Arnold & Co. give notice that the time for deposit
of stock with the Standard Trust Co. of New York and the
American Loan & Trust Co. of Boston, under call of April
2 9 , 1902, has been extended until further notice.—V. 74, p.
939, 886.

Beaver Valley W ater Co.—Called Bonds,—See Union
W ater Co. below.—V. 74, p. 1091.
Bloomington (111.) & Normal Ry., Electric & H eating
Co.—Bonds Offered.—Devitt, Tremble & Co. and the Thomp­
son, Tenney < Crawford Co., both of Chicago, are offering
fc
for sale this company’s $500,000 first mortgage sinking fund
5 per cent $1,000 gold bonds, dated June 2, 1902, maturing
June 1, 1927; interest payable June and Dec.; Illinois Trust
6 Savings Bank, Chicago, trustee. An advertisement says:
T h e co m p a n y o w n s a n d o p e r a te s a ll o f th e s t r e e t r a ilw a y lin e s in
an d b e tw e e n th e c it ie s o f B lo o m in g to n a n d N orm al an d a lso fu r n is h e s
p o w e r an d d o es co m m e rcia l lig h tin g In B lo o m in g to n . T h e t o ta l p o p ­
u la tio n se r v e d is in e x c e s s of 3 0 ,0 0 0 . T h e n e t e a r n in g s fo r th e y e a r
e n d in g A p ril 3 0 ,1 9 0 2 , w e r e e q u a l to o v e r 6 p er c e n t o f th e e n tir e
c a p ita l sto o k o f $ 6 0 0 ,0 0 0 o v e r an d a b o v e t h e t o ta l In te r e s t c h a r g e s
($ 2 5 ,0 0 0 ) on t h e o u tsta n d in g b o n d s. T h e c o m p a n y o p e r a te s u n d er
p e r p e tu a l fr a n c h ise s. A n u n u s u a lly str o n g s in k in g fu n d p r o v is io n
h a s b een in co rp o ra ted in th e tr u s t d eed .
See also statem ent on page 12 of S treet R a il w a y S u p ­
plem ent .— V. 67, p. 318.

Boston & Philadelphia Steamship Co.—Re-incorporation.
—The Massachusetts Steamship Co., which was recently
granted a charter by the Massachusetts Legislature, is being
organized to effect a re-capitalization and afford broader
powers for the Boston & Philadelphia Steamship Co., whose
name it will subsequently assume. The stock of the old
company consists of $500,000 six per cent non-cumulative
preferred and $212,600 common stock, both selling at $165.
The new corporation will have a capital of $1,500,000, all of
one class, in $100 shares, and the Boston & Philadelphia
Steamship Co., after declaring a cash dividend of 15p.c,, will
transfer its property to the new corporation for $712,600, a
basis of one share of stock of the new corporation to each
outstanding share. Each stockholder may subscribe at par
for $783 860 additional stock of the new corporation on the
basis of I ’lOshares new stock for each share owned; $3,540 of
new stock is to be sold for the benefit of the new corporation
making a total of $1,500,000. The new corporation will thus
realize in cash about $787,400. A circular says:
T h e r e c e n t p u ro h a se o f w h a r v e s in P h ila d e lp h ia an d P r o v id e n c e
$ 7 0 0 ,0 0 0 an d th e le n g th e n in g o f th e P a r th ia n at a c o s t o t $ 1 0 0 ,0 0 0 r e ­
q u ire a n a d d itio n to c a sh c a p ita l of a b o u t $ 8 0 0 ,0 0 0 . T h e co m p a n y ’s
present, oh arter r e s tr io ts th e a m o u n t o f r e a l e s ta te to $ 5 0 0 ,0 0 0 an d
lim its th e b u sin ess to tw o lin e s , b e tw e e n B o s to n an d P h ila d e lp h ia a n d
b e tw e e n P ro v id e n c e an d P h ila d elp h ia .
The tra n sfer is to se e k
freed om fro m t h e s e r e str ic tio n s.

Cambria Steel Co.—Called,—All the outstanding bonds
and scrip of the Cambria Iron Co., amounting to about $200,000, have been called and will be redeemed at par on July 1.
—V. 74, p. 324, 270.
Chicago Edison Co.—Officers.—The number of directors
has been reduced from eleven to nine, obviating the necessity
of electing successors for A. F. Seeberger, deceased, and
Frank 8. Gorton, resigned. W. A. Fox is now Secretary and
Treasurer. Joseph Leiter has retired from the executive
committee, which is now constituted as follows: Edward L.

1254

1HE GHK0N1CLJL

B rew ster, Sam uel Insull, R obert T. Lincoln, E rskine M,
Phelps and A. A, S prague.—V, 74, p. 984, 529.
Citlssens’ E le c tric L ig h t & P o w e r Co,—See U nion E lectric
L ig h t < P ow er Co, of St. Louis below ,—V. 73, p. 959.
fc
City L ig h tin g of St. L ouis.—See U nion E lectric L ig h t &
P ow er Co. below. — V , 72, p, 89,
C olorado F u el & Ir o n Co. - L i s t e d .—The New Y ork Stock
E xchange baa listed ;$3T.iOQ additio n al general m ortgage 5s,
and has a u th o riz e d the listin g from tim e to tim e, b u t prior
to Dec 1, 1902, of $589,0 0 additio n al of said bonds, on notifi<
e a tic n th a t they have been issued to tak e up th e rem aining
bonds of the Colorado F u el Co., m ak in g in all $8 000,000 gen­
eral m o itg ag e bonds o u tsta n d in g .—V. 74, p. 1036, 939.
C om m o n w ealth E le c tric Co., C hicago.—New Officer,—W.
A. P c s has been elected S ecretary and T reasu rer, sacce ding
F ra n k G orton, r e s ig n e d —V. 74, p 1198, 1137.
C on so lid ated Gas Co. o f B altim o re,-2 ?m ‘araiw afioji.—
H u m p b re js & G lasgow of th is city are exam ining into the
condition of th e p ro p erty on behalf of a syndicate of B alti­
m ore and N ew Y ork stockholders, w hich w ill, it is sard, if
th e exam ination results satisfacto rily , u n d e rta k e to obtain
control. W ilson & Stephens of th is city sold th e ir in terest
in th e stock, and Mr. W ilson and F ra n k T ilford re tire d from
th e board some tim e ago.—V. 74, p. 832.
C o n so lid ated L ake S u p e rio r Co.— L isted.—T he P h ilad el­
phia Stock E xchange has listed 12,165,412 ad d itional p re ­
ferred and $542,900 ad d itio n al com m on stock, m aking the
to tals of each respectively $28,214,400 and $72,150,100.—V, 74,
p. 1040, 990.
Consolidated Rubber T ire Co.—New O f f i c e r s ,--Isa a c L.
R ice h a v in g been m ade C hairm an of th e board. V an H, Cartnell has succeeded him as President, and w ill also a c t as
G eneral M anager.—V. 74, p. 1198, 1C92.
C ram p S te e l Co.—Mr, Webb Resigns. - W, Sew ard Webb
has resigned as a d irecto r.—V. 74, p. 480, 208.
Cuyahoga Steel & Wire Co.—See C uyahoga W ire & Fence
Co. below .—Y. 73, p, 1063.

Cuyahoga W ire & Fence Co. of Cuyahoga Falls, Ohio.—
Merger.—T his com pany recen tly acquired all th e properties
of th e C uyahoga Steel & W ire Co. of C uyahoga Falla (see V.
73. p. 1063) and th e H a rtm a n M fg. Co. of N ew Castle, Pa.
(V. 73, p. 1316), The cap ital stock is $1,100,000 and the
bond issne $450,000, p a r t of each b eing in tre asu ry . The
officers of th e W ire & F ence Co. are:
E. A . H e n r y , C u y a h o g a F a ll s , P r e s i d e n t a n d G e n e r a l M a n a g e r ; W m . L o g a n
( C a s h ie r H a n o v e r N a ti o n a l B a n k ) , N e w Y o rk , V ic e - P r e s id e n ts F . J . M ille r , C u y a ­
h o g a F a l l s , A s s ’t S e c r e t a r y a n d A s s ’t T r e a s u r e r .
T h e a b o v e o ffic e rs a n d
t h e f o ll o w i n g a r e d i r e c t o r s : C. 1). B a c k u s , C a s h ie r F i r s t N a t i o n a l B a n k , N e w
Y o r k ; G . F . B a k e r J r . . F i r s t N a t i o n a l B a n k , N e w Y o rk ; S H . M ille r , D o y le s t o w n ; A . A . M c C la n a h a . C o n t i n e n t a l N a t i o n a l B a n k , C h ic a g o ; G e o r g e C. A lle n ,
A k ro n , a n d R . A , P a r k e r , V ic e -P r e s id e n t S e c o n d N a tio n a l B a n k , N ew Y o rk .

D etroit City Gas Co.—I m p r o v e m e n t s .—At th e recent annual
m eeting i t w as deoidtd to spend ab o u t $800,000 for im prove­
m ents, Including th e con stru ctio n of a new coal gas g e n e ra t­
in g p la n t and th e extension of gas m ains. There w as an
increase in he m an u factu re of artificial gas last year, b u t no
dividend w as declared, ow ing to th e im provem ents, wbicb
are being m ade from earn in g s and tre a su ry cash,—Y. 73, p,
1315.
Dominion Coal Co.—Lease.—See Dominion Iron & Steel
Co. below.—V. 74, p. 1092, 832.

D o m in io n I r o n & S teel Co. — L e a s e R a t i f i e d .—The lease of
th e property of th e Dom inion Coal Co. (V, 74, p. 832) was
ratified by tk e shareholders of both tb e co n tractin g parties
on T h ursday, th e agreem ent of Ju n e 30, 1899 _(V. 69, p, 79).
being a t the sam e tim e annulled. The lease is for 99 years
and g uarantees 8 per cen t an n u ally on th e coal com pany’s
com m on stock and th e paym ent of a ro y alty of 1 % cents per
ton cn a d coal m ined in excess cf 3,500,000 tons per year.
L a st year, it is said, th e coal com pany earned $1,550,000, ana
fo r th e m onths of F eb ru ary and M arch of th e present year
the earnings w ere $250,000 in excess of th e sam e m onths la s’
year. The entire o u tp u t of the p resent year has been sold.
Tbe first dividend on Dominion Coa! common slock w ill, it is
stated, be paid in Ju ly , and w ill am ount to 2% per cent, the
subsequent dividends to be 2 per cent qu arterly . W e u n d er­
stan d th a t th e bonds and the preferred stock cf th e Coal
Company w ill n o t be distu rb ed a t preseat,
O f f i c e r s —Jam es
Ross has been elected P resid en t and
G eorge A, Cox of T oronto and Senator F o rg et of M ontreal
Vice Presidents of b o th th e Iro n & Steel and th e Coal com
panies.—V, 74, p, 1092, 990.
E u re k a (C al.) W a te r Co.— S u c c e s s o r C o m p a n y ,—Control
of th e Ricks W ater Co. (capital stock $150,000) has been
acquired for a sum rum ored as $130,000 by E astern cap ita l­
ists, w ho on Ju n e 5 incorporated th e E u rek a W a te r Co. w ith
$500,000 capital stock, to tak e over th e property. F ra n k
Rogers, of New £ o rk City, holds 665 shares of th e new com ­
pany’s stock.
F a rg o (N. D.) E dison Co.—See U nion L ig h t & P ow er Co
F a rg o (N. D .) Gas & E le c tric Co.—See Union L ig h t &
P o w er Co. below.
F ir e B ric k C o n so lid a tio n .—See H arbison-W alker R e fra c ­
tories Co. below.
F o x T y p e w rite r Co., G ran d R a p id s, M id i . — R e o r g a n i z e d
C o m p a n y .—The Fox M achine Co. was recen tly succeeded by
th e Fox T ypew riter Co., w hich filed articles of incorporation
a t G ran d R apids, Mich., on A pril 30. The authorized capital
of th e new com pany is $1,000,000, of w hich $400,000 is pre-

[VOL. L X X IV ,

ferred. Of the la tte r, $250,000 rem ains in the tre a su ry and
the rem ainder is being issued to obtain w orking cap ital. D i­
rectors :
W illia m li. F o x , O lay H . H o llis t e r , J a m e s W ylie, F red M a o ey a n d
G eo rg e G lap p erton .

G e n e ra l E le c tric Co. — S t o c k D i v i d e n d .—The stock d ivi­
dend of 66% p, c. will be paid J u ly 15 to stockholders of rec­
ord J u n e 25, by th e F arm ers’ Loan & T ru st Co., New Y o rk ,
or th e A m erican Loan & T ru st Go,, Boston, who w ill also
buy or sell fractio n al shares at th e m a rk e t price. The 2 per
cent q u arterly cash dividend w ill bs paid J u ly 15, as u su al.
—V. 74, p, 1199, 1142.
G ia n t P o w d e r Co., S an F ra n c isc o . — D i v i d e n d R e d u c e d .—
T he m onthly dividend paid J u n e 10 on th e cap ital stock
(20,000 shares) w as only 50 cents per $100 share ($29‘36 paid
in), co n trastin g w ith 75 cents a share, the ra te established in
F eb ru ary , 1900.
lla h u e & Co. (D e p a rtm e n t S to re), N ew ark, N. J . —I n c o r ­
p o r a t e d — The firm of H ahne & Co., control of w hich w as
recently acquired personally by Jo h n Clafiin, P resid en t of
the Associated M erchants’ Co., w as in co rp o rated u n der th e
sam e title in N ew Jersey on J u n e 5 w ith $1,800,000 of capital
stock, of w hich $800,000 is preferred. The H ahne R ealty
Co., incorporated a t the sam e tim e w ith a capital of $300,000, will own the real estate now used by th e firm and w ill
lease it to H ahne & Co.
H a ll S ig n a l Co . — D i v i d e n d I n c r e a s e d , — On W ednesday a
q u arterly dividend of 1 ) 4 P6r cen t w as declared on th e $1,900,000 com m on stock, co n trastin g w ith 1 per cent q u a rte rly in
1901 and since. In 1900 1 per cen t w as paid in „May an d th e
sam e in October. There is $100,000 non-cuinulative 6 per cen t
preferred stock. No bonds. See V. 78, p. 1359, 842.
H a rb iso n -W a lk e r R e fra c to rie s Co. — F i r e B r i c k C o n s o l i d a ­
t i o n . — T h o m a s L. C hadbourne J r ., of Chicago, w ho is a rra n g ­
ing th e consolidation of the leading fire brick in terests of th e
country, inform s ns th a t it has been deem ed advisable by the
financial people concerned to call th e new corporation th e
H arbison W alker R efractories Co., on account of th e stre n g th
and age of th e present H arbison W alker concern, and its long
identification w ith th e fire brick business. M r. C hadbourne
represents a syndicate of cap italists w hich has u n d e rw ritte n
the new com pany’s securities. The consolidation, it is said,
is assured by th e fa c t th a t th e m an u factu rers have over­
subscribed th e allo tm en t to them u n d er th e ir options by
some $2,000,000.
The new com pany w ill acquire the follow ing corporations,
w ith w orks and daily capacity (n u m b er of b rick ) as show n:
C apacity.
H a rb iso n -Wal k er C o m p a n y .............. .......................................................... 4 3 0 ,0 0 0
C o n s t i t u e n t p r o p e r t i e s w ith t o t a l d a ily c a p a c it y : C le a r f ie ld , P a ., (2)
65,000; H a t S t a t i o n . P i t t s b u r g , P a ., '3 ) ( o n e o p e r a t i n g in m a g n e s i t e
a n d c h r o m e ) , yO.OOO; B la n d b u r g , P a . , (2) 60,000; M t. U n io n , P a .,
60,00u: G r a m p i a n , P a . , 30,000; 2 2 n d S t r e e t , P i t t s b u r g , P a . , 40,000;
W o o d l a n d , P a . , (2) 50,000; O liv e H ill , K y ., 3 5,000.

C learfield (Pa.) F ir e B r ic k Co. (2 )..............................................................
Is a a c R e e s e & S o n s Co. (M a n o r v ille , P a ., C o w a n sb a n o ck , P a ..
an d R e to r t, P a ., ( 2 ) .......................................................................................
P h llip sb u r g (P a.) F ir e B rick Co.............................. .................. , .............
W a lla ceto n (P a.) F ir e B r ic k C o............................................ .....................
B a s ic B r lo k Co., J o h n s t o w n , P a ....................... .......................................
C lin ton C o u n ty F ir e B rlok Co., L ock H a v e n , P a , (M illh a ll,
P a ., 2 2 ,5 0 0 . an d M o n u m e n t R u n , P a ., 1 5 .0 C 0 )...............................
F r e d e r ic k s, M u n ro & C o., F a r r a n d sv ille , P a ......................................
A m e r ic a n F ir e B rlok C o., L ook H a v e n , P a , (w o rk s a t M illb a ll, P a . ) . . . . — . .........................................................................................
L a y to n p la n t o f F a y e tt e M a n u fa c tu rin g Co.........................................

4 5 ,0 0 0
5 5 ,0 0 0
5 5 ,0 0 0
2 2 ,5 0 0
5 0 ,0 0 0
3 7 ,5 0 0
4 5 ,0 0 0
3 0 ,0 0 0
2 0 ,0 0 0

T o ta l (27 w o rk s) d a ily c a p a c it y ............................. .......................... 7 9 0 ,0 0 0

R egarding th e foregoirig, M r. C hadbourne says:
T w o-th ird s o f th e t w e n ty - s e v e n p la n ts a re o f b r ic k a n d iro n c o n ­
str u c tio n , a ll c o n ta in in g c o s tly an d h e a v y m a ch in e ry ; 1 6 o f th e m h a v e
b een c o n str u c te d w ith in 5 y e a r s . T h e b u ild in g s, m a c h in e r y , 5 0 m ile s
o f tra m an d r a ilr o a d s an d 3 2 5 e m p lo y e s ’ h o u se s c o u ld n o t h e d u p li­
c a te d a t th e p r e s e n t t im e tor le s s th a n $ 7 ,0 0 0 ,0 0 0 ca sh , in a d c it io n t o
w h ic h t h e c o m p a n y w ill h a v e $ 1 ,9 0 0 ,0 0 0 q u ick a s s e t s c o n s is tin g o f
sto ck on h a n d a t c o s t, g u a r a n te e d b o o k a c c o u n ts an d c a s h . B e s id e s
th e se ite m s th e c o m p a n y w ill h o ld in fe e an d u n d er fa v o r a b le le a s e
so m e 5 2 ,0 0 0 acres o f fire d a y , g a n ls te r an d c o a l la n d s o n w h io h i t is
d ifficu lt to p u t a co r r e c t e s tim a te o f v a lu e , b e o a u se it w o u ld h e im p o s ­
sib le fo r a n y a m o u n t to d u p lic a te th e la n d s In q u a lity a n d lo c a tio n .
T h ere Is n o b u sin e s s in e x is t e n c e in w h ic h m o re tim e , ca r e an d a t te n ­
tio n i s n e c e s s a r y t o e s ta b lish a h ig h r e p u ta tio n , a s fire b rlo k lin in g s
and b la st fu r n a c e s sh o u ld run from fo u r to e ig h t y e a r s a u d b la s t fu r ­
n a c e s to v e s from 10 to 1 6 y e a r s, an d a good m a n y r e c o r d s a re n e c e s ­
sa r y to e s ta b lish th e q u a lity o f m a te r ia l tu r n e d o u t fo r th e h e a t su ch
m a te r ia l Is to he su b je c te d to .
T h e p r o p o se d to ta l is s u e o f b o n d s a n d s t o c k fo r th e a c ­
q u ir e m e n t o f t h e a fo r e s a id p r o p e r ty w ill b e a p p r o x im a te ly :
F iv e p e r o e n t tw e n ty -y e a r fir st m o r tg a g e a n d c o lla te r a l
t r u s t sin k in g fu n d g o ld b o n d s .......................................................... $ 3 ,5 0 0 ,0 0 0
S ix p e r o en t c u m u la tiv e p r e f. sto c k In $ 1 0 0 s h a r e s ..................
0 0 0 ,0 0 0
C om m on sto c k In $ 1 0 0 s h a r e s.............................................................1 4 ,2 5 0 ,0 0 0

Of the bonds $1,500,000 w ill be issued for th e purpose of
refu n d in g th e present bond issue of th is am o u n t of th e
H arbison-W alker Co,
The follow ing, w ith others, w ill be th e directors:
H.
F. B ig le r , H . W. C ro ft, F . H . W ig to n . G eo rg e R eese, S. C. W alker*
R. W. F r e d e r ic k s, A le x a n d e r P a te r s o n , M oore F r e d e r ic k s, 8 . P. H a r b i­
son , F. H . S e e le y , W. N . S ta n to n , T. L C h ad b ou rn e J r

The com panies to be absorbed em brace ab ont 90 per cent
of th e high-grade fire brick m an u factu rers of P ennsylvania,
H a rtm a n M a n u fa c tu rin g Co — S o l d , —See C uyahoga W ire
& Fence Co. above.—V. 73, p. 1316.
H elen a (M o n t.) P o w er & L ig h t Co.— S o l d — At th e fore­
closure sale on May 20 the property was bid iu by Thom as A .
M arlowe, P resid en t of th e N atio n al B ank of M ontana, as
tru stee, for $200,000, th e upset price. The sale has been ap­
proved by th e U nited S tates C ircu it C ourt, and reorganisa­
tion w ill probably take effect before J u ly 1.—Y. 74, p, 778.

J u n e 14, 1902.]

THE

C H R O N IC L E .

Im perial Electric Light, Heat & Power Co.—See Union
Electric Light & Power Co. of St. Louis.—V. 78, p. 794.
Indiana W ater Co.—Lease.—See New Albany W ater Co.
below.—V. 74, p. 990.
In ternational Steam Pnmp Co.—Directors.—Samuel Untermyer and E. C. Converse have been elected directors, suc­
ceeding Charles N. King and T. L Herrmann.
Dividend.—A dividend of 4 per cent from the year 1901-02
has been declared on the common stock, payable in four
quarterly instalments beginning July 1.—V. 78, p. 1114.
Jones & Coughlin Steel Co.—Incorporated. —The com­
pany having received its new charter has selected the follow­
ing directors: B. F. Jones Jr., W. L. King, W. L. Jones, J.
B. Laughlin and I. B Laughlin. Possession of the various
properties will probably not be taken before August. See
Y. 74, p. 1142.
Kings Connty Has & Illum inating Co.—Change in Con­
trol.—A majority of the $750,000 stock has been purchased by
Anthony N. Brady and Hugh J. Grant and aes jciates. The
company, which has outstanding $600,000 of 5 per cent bonds,
supplies the former town of New Utrecht, now part of
Brooklyn. Mr. Brady is President and he and Mr. Grant are
both directors in the Kings County Electric Light & Power
Co.
*
Leavenworth City & Fort Leavenworth W ater Co.—Pro­
tective Measures.—A bondholders’ committee consisting of
Charles S. Fairchild, James A. Blair and N. W. Jordan,
makes the following announcement to the bondholders:
The c ity of Leavenw orth having com m enced proceedings for the
acquisition o f th e properties of the oompany in alleged com pliance
w ith its rights in such case, and h avin g in the m eanw hile defaulted in
th e paym ent of its w ater ren tals, it is im perative th a t th e bonds
should be prom ptly deposited w ith th e C ontinental T rust Co., 30
Broad St., N ew York, under th e term s of a bondholders’ agreem ent.

All communications should be sent to Hornblower, Byrne,
Miller & Potter, counsel, 80 Broad Street.
The company has outstanding the following bonds:
F irst m ortgage, dated 1882, due F eb., 1912, in terest at 6 p. c.,
authorized issu e, $250,000, of whloh outstanding, $205,000; consoli­
dated m ortgage, dated 1887, due Jun e, 1927, in te r e s ts p. c., author­
ized issu e. $600,000, of w hich outstand in g $ 8 6 ,0 0 0 ; consolidated
m ortgage to the N ew York Security & Trust Co. dated 1893, due Jan.,
1912, in terest 6 p. c ., authorized issu e $ 7 50,000, of w hich outstand­
ing, $306,000; to ta l outstanding, $592,000.

Lincoln Water, Light & Power Co.—Foreclosure—The
U. S. Circuit Court at Springfield, 111., on June 3 entered a
decree of foreclosure in the suit brought by the Atlantic
Trust Co. as mortgage trustee. The upset price is fixed at
1100,000.—V. 74, p. 940.
M artin’s Creek P ortland Cement Co.—Bonds.—The share­
holders were to vote at 1523 Real Estate Trust Building,
Philadelphia, on Monday, June 9, on the question of increas­
ing the bonded indebtedness to $250,000. D. Charles Martha
is Secretary.
M ontreal Light, Heat & Power Co.—Listed.—The com­
pany's $17,000,000 capital stock has been listed on the New
York Stock Exchange.—V. 74, p. 1199, 940.
National Asphalt Co.—Petition Denied.—Judge Kirk­
patrick, in the United States Circuit Court at Trenton, on
June 9, denied the petition of William C. Bullitt for the re­
moval of John M. Mack as one of the receivers.—V. 74, p.
940, 887.
National Telephone Co. of New York .—Incorporated.—
This company was incorporated in Delaware on June 6 with
$3,000,000 authorized capital stock.
Nebraska (B ell) Telephone Co.—Status.—A block of the
stock was recently offered by H. W. Poor & Co., who say:

the Omaha Packing Co. with $2,000,000 7 percent cumula­
tive preferred and $1,000,000 common stock; subscribers to
the preferred, it is said, will receive 50 per cent of the com­
mon as a bonus. The company’s bonds, amounting to $340,000, will be retired. Fowler Brothers, it is understood, have
sold their interest in the company to the other stockholders,
who will probably elect as directors E F. Robbins, James
Viles Jr, 8. L. Underwood, John A. Lynch, Ira M. Cobe and
E. A. Shedd.
Pacific Mall Steamship Co.—New Contract with P&nama
RR.—An agreement has finally been reached with the
Panama RR. for a resumption of the traffic relations which
were terminated in December, 1900. The new agreement
was signed on Wednesday and is to oontinne for three years.
By its terms the Pacific Mail is given sole control of traffic
originating at and destined to points on the Pacific Coast
north of Panama, in British Columbia, United States, Mexico
and Central America. The agreement takes effect at once
with respect to coastwise traffic on both the Atlantic and the
Pacific coasts to and from points in the United States cov­
ered by the company’s lines. With respect to other traffic,
the agreement becomes effective in 90 days from Jane 11. It
is understood that the agreement is equally satisfactory to
both companies.—V. 73, p. 845.
Pennsylvania Steel Co.—New Bonds.—
The stockholders
will vote August 12 upon a proposition to issue $7,500,000 of
5 per cent bonds to cover the cost of the extensive ore mines
and furnaces at Cornwall, Lebanon County, Pa., the pur­
chase of which was arranged some months ago. The new
bonds, it is said, have already been sold.—V. 74, p. 881, 833.
People’s Has Light & Coke Co., Chicago.—Decision.—The
Appellate Court at Chicago on June 5 reversed the decision
of the lower court, which dismissed the bill filed in Dec.,
1900, by citizens of Hyde Park in the suit brought to restrain
the company from charging more than 72 cents for gas at
that place. The case, it is understood, will now be tried on
its merits.
Acquisition.—Friends of the company are reported to have
obtained the Blue Island gas franchise and other gas interests
of the Calumet Gas & Electric Co., whioh was incorporated
several months ago by Rufus Dawes, John R, Walsh and
others.—V. 74, p. 1041, 778.
Plymouth (Mass.) Cordage Co.—Business.—See Standard
Rops & Twine Co. below.—V. 74, p. 941.
P ort flood Coal Co., Halifax.—Preferred Stock Offered.—
This company has recently been offering at par, through the
Imperial Trusts Co. of Toronto, $250,000 of new stock, rank­
ing as 6 per cent cumulative preferred stock, until June 80,
1917 (with right to additional dividends at such rate as may
be declared on the common shares), and on and after said
date either to rank as common stock or to be redeemed at 110
in cash at option of holder. F arther facts:
Common stook Is $750,000; 6 p. o. coupon bonds, with sinking fund
of 10 cents per ton of coal sold, $750,000. Coal areas somewhat ex­
ceed 10.000 aores; colliery in Inverness County, Cape Breton, present
equipment equal to at least 1,000 tons per day. President, Geo. E.
Faulkner, Halifax.

Pressed Steel Car Co.—See American Car & Foundry Co.
above.—Y. 74, p. 991, 941.
Sloss Sheffield Steel & Iron Co.—Earnings.—The results
for the three mouths ending May 31 (May estimated) were:
Earnings from operations $307,617; deductions for deprecia­
tion and charges to extraordinary repair and renewal fand,
$35,643; net earnings, $371,974; applicable as follows:

3 m os. e n d .
N et
In i. a n d
M a y 31— e a rn in g s .
taxes.
1902........ $271,974 $60,000
1901........ 211,551
57,469
Licensed by the B ell Company to operate in Nebraska; in P ottaw at­
6 m os.
tam ie County (Including Council Bluffs), Iow a, and in th e Black H ills, 1901-02.... $518,240 $120,000
South D akota Capital stook, $1,500,000, of which 6 pi-r cent owned — 74, p. 888, 732.
V.

by the Am. Telephone & Telegraph Co. Cash dividends for seven
years p ast, 6 per cen t per annum , payable quarterly from January 10.
No bonds. Gross receipts in 1901. $754,971; n et. $137,626. S u b­
scribers Deo. 31, 1 9 0 1 ,1 5 ,1 6 9 , against 11,748 Deo. 3 1 ,1 9 0 0 .

1255

L egal &
b o n d exp.

P ref.
d iv id e n d .

B a la n c e ,
s u r p lu s .

$10,322

$114,000
114,000

............

$228,000

$170,024

$97,974
29,760

Standard ttope& Twine Co.—Status—
Competition.—The
“ Philadelphia News Bureau” quotes a gentleman familiar
with the trade as fellows:

New Albany (Ind.) W ater Co.—Injunction Dissolved,— The Spanish war and subsequent dosing of the Philippine ports
exportation hemp,
The United States Circuit Court of Appeals at Chicago on prevented the proluot fromof 1 centswhloh action resulted In an ad­
In th a t
4*
to
advancing in
June 5 dissolved the injunction restraining the company vancefrom 3*2 to 12 or 13 cents. As the 15 cents, sisal rope business
prioe
nature of the
from leasing its property to the Indiana Water Co. R? ceiver demands th a t large quantities of raw m aterial be carried In stock, the
enhancement In
William Brooks has also been discharged. The injunction to all companies.the value of hemp and sisal proved a veritable boon
remains suspended until the appeal is determined,which will
The Plymouth Cordage Co. is now doing a larger business than the
probably not be until October or November. See V. 74, p. Standard Rope & Twine Co. The former has a oapttal of $20,000,000,
of whioh about one-half Is bonds, whereas the Plymouth Company
990.
has a capital of but S I,600,000. The Plymouth Company Is doing
New England Consolidated Ice Co.—Consolidation.—This a business of between 65.000,000 and 75,000,000 pounds of rope and
company, incorporated in New Jersey several weeks ago, twine per annum. The Standard Rope & Twine Co. praotleally op­
erates but
now. the aterbury plant
has increased its authorized capital stock from $125,000 to the Bewail two faotorles In Boston.WThe Standard is in Brooklyn and
& Day plant
paying a
$14,000,000, of which $3,000,000 is preferred 6 per cent non- sion of 74s per cent for the sale of Its goods through the Unioncommis­
Selling
cnmulative. There will also be an issue of $3,000,000 5 per Co. No conoern can afford to pay 7 ^ per oentjcoinmlssion. In competi­
cent 80-year bonds. The company is intended to takeover tion with such concerns as the Plymouth Cordage Oo. and the McCor­
The two last-named
have
the ice business of several New England cities, including the j mick and Deerlng companies.out of the binder twine oompanles V. 73,
forced the Standard entirely
business —
Commonwealth Hygienic Co. of Boston, the Providence Co., p. 1364.
the Breckton Co,, the Taunton Co., etc. Clarke & Culver,! Standard Underground Cable Co.—IV ; S^ock.—The shareew
185 Broadway, are in charge of the legal and financial side of holders voted on June 3 to increase the capital stock from
the consolidation.
$1,500,000 to $2,000,000, to provide for extensions of the new
Ogilrle Flour Mills Co.—Securities Offerel.—' he Bank plant at Perth Amboy, N. J. In addition the company has
T
of Montreal is offering for subscription $1,000,000 of 6 p. c. 1st plants at Pittsburg and at Oakland, Cal. Its output in­
mort. gold bonds and $1,000,000 of 7 p. c. cumulative pre­ cludes cables insulated with rubber, paper and jute fibre,
ferred stock The company has 01 elevators in operation in for electric light, electric railway, telegraph and telephone
Manitoba and the Northwest, and some 20 more, it is said, purposes.—V. 74, p. 888, 480.
in course of construction.
Steamship Amalgamation. — Agreement with German
Omaha (Neb.) Packing Co.—New Stock—Ira M. Cobe, of Lines.—
The shareholders of the North German Lloyd Steam­
the Chicago Title & Trust Co., is arranging to re-capitalize ship Co. will vote June 23 on resolutions ratifying the con-

1256

THE

C H R O N IC L E

[V Lxxrv,
oL.

tract with the Morgan syndicate. The Hamburg-American
Company unanimously approved the agreement on May 28.
A translation of the circular sent out by the iast-aramed com­
pany regarding this agreement was published in the -‘Journal
of Commerce and Commercial Bulletin” on June 7. The
main points are as follows:

any, afte r paym ent of in te re st on certificates and dividends
on preferred shares, b u t not cum ulative. The agreem ent is
to be binding if accepted on or before Ju ly i by th e holders
of tw o th irds of each class of sto ck .—V. 74, p. 583,
Union L ig h t & P o w e r Co., F a rg o , N. D.— C onsolidation.—
This N orth D akota corporation, w ith $600,000 authorized
1. T he sy n d ic a te Is fo rb id d e n to a c q u ire s h a re s In th e G e rm an eomcapital stock, has been form ed by consolidation of th e F argojjiiiiiee, e ith e r d ire c tly o r in d ire c tly , a n d vice versa.
2. To e n a b le e ac h or th e c o n tra c tin g p a rtie s to h av e a d ire c t In te re s t Edison Go. a n d t h e Fargo Gas & E lectric Go. Officers:

in th e b u sin e ss of the o th e r, th e tw o G e rm a n c o m p a n ie s u n d e rta k e to
pay o v e r a n n u a lly to the s y n d ic a te a p o rtio n of th e ir divideudB wM oh
w ould co rre sp o n d to the o w n e rsh ip of a t le a s t 20,000,000 m a rk s (£1,000,000) in sh a res. T h is a rra n g e m e n t w as m ad e a t a tim e w hen th e
c a p ita l of oaeh c t th e tw o com panies in s h a re s a m o u n te d to 80,000,000
m a rk s i S 4.ouo.ooo) in th e e v e n t of a n in c re a s e In th e c a p ita l e a c h
as h as aiuce ta k e n place, th e s y n d ic a te h as th e rig h t to ra is e th e
a m o u n t on w hich Its q u o ta of th e d iv id e n d Is re ck o n e d to 25 p. c. of
th e sh a re cap ita! P e r c o n tra , th e sy n d ic a te u n d e rta k e s to p a y th e
tw o G e rm an c o m p a n ies fro m Its ow n fu n d s a n In te re s t of 0 p. e. u p o n
the sam e a m o u n t- th a t Is to say, u p o n a t le a s t 20,000,000 m a rk s (see
c a p ita liz a tio n a n d d iv id e n d s of G e rm an lines in V. 74, p, 888)
i. To se c u re a d v a n ta g e o u s co o p e ra tio n a c o m m itte e c o n sistin g of
tw o re p re se n ta tiv e s ot th e sy n d ic a te a n d tw o r e p re s e n ta tiv e s of th e
G e rm an co m p an ies, Is to b e a p p o in te d .
4, T he c o n tra c tin g p a rtie s u n d e rta k e to s u p p o rt one a n o th e r a g a in s t
o u tsid e com p etitio n .
5. The rig h t to su p p ly each o th e r’s te m p o ra ry n e e d s fo r c h a rte re d
vessels Is re se rv e d to th e c o n tra c tin g p a rtie s on c e rta in con d itio n s.
o. The sy n d ic a te u n d e rta k e s n o t to se n d Its vessels to a G e rm a n p o rt
w ith o u t th e c o n se n t of th e tw o G e rm an c o m p a n ies. On th e o th e r h a n d ,
th e G e rm an c o m p a n ies u n d e rta k e to o b se rv e c e rta in re s tric tio n s In
re sp e c t to B ritisn p o rts. T hese o b lig a tio n s do n o t, h o w e v er, p re v e n t
—(a) th e m a in te n a n c e o f c o n n ec tio n s a lre a d y e sta b lish e d ; (b) th e
fu tu re Inclusion of B ritis h p o rts fo r a n y c o n n e c tio n s to p la c e s to
w h ic h th e sy n d ic a te Itse lf h a s n o t lin e rs ru n n in g fro m E n g la n d ; (e)
th e fu tu re a d o p tio n of B ritish p o rts fo r th e lin e s of th e G e rm an com ­
p a n ie s to S o u th A m e ric a, M exico o r th e W est In d ies, e v e n If th e (syn­
d ic a te b u y s lines to th o se p la c e s fro m E ng lan d .
7. T he sy n d ic a te u n d e rta k e s n o t to le t m o re th a n tw o o f its v e sse ls
p e r w eek to u c h on th e o u tw a rd o r h o m ew ard v o y a g e a t a n y F re n c h
p o rt. R e cip ro ca lly , th e G e rm a n lin e s u n d e rta k e n o t to c a ll a t B e l­
g ia n p o rts w ith th e ir vessels t h a t p ly to a n d fro m N o rth A m erica; a n d
th ey p ro m ise t h a t n e ith e r of th em sh a ll le t th e ir v e sse ls p ly in g to an d
I'rom N o rth A m e ric a c a ll a t E n g lish p o rts m ore t h a n 75 tim e s in th e
y e a r on th e o u tw a rd a n d 75 tim e s o n th e h o m ew ard v o y a g e —t h a t is
to sa y , n o t m ore th a n 300 tim e s In all. If th e G e rm an c o m p an ies in ­
c re a s e th e ir sa ilin g s fro m F re n o h p o rts, a s th e y a re a t all tim e s a t
lib e rty to do. th e sy n d ic a te Is likew ise e n title d to m ak e a p ro p o rtio n ­
a te in o ie a se In its sa ilin g s.
8. T he e sta b lish m e n t o f n ew ste a m sh ip lin e s, o r th e e x te n s io n of an
e x is tin g c o n n ec tio n w hen c o n sid e ra b le e n o u g h to r e p re s e n t th e d o u b ­
lin g o f th e n u m b e r of sa ilin g s (E x p e d ltlo h e n ), sh a ll, before b e in g
c a rrie d In to effect, fo rm th e s u b je c t of d e lib e ra tio n by th e c o m m itte e
m e n tio n e d in C lause 3, A nd In case of e ac h e x te n sio n s e a c h p a r ty to
th is a g re e m e n t Is b o u n d to offer th e o th e r th e o p tio n of p a rtic ip a tio n
to th e e x te n t of a th ir d of th e e n te rp ris e , on th e fo llo w in g b asis: T he
p a rtic ip a tin g p a r ty sh a ll p a y th e p a r ty w h ic h u n d e rta k e s th e e n te r ­
p ris e In te re s t a t th e r a te of 5 p. o. o n th e th ird p a r t of th e c a p ita l
re q u ire d fo r th e e x te n sio n ; a n d m r e tu r n It sh a ll p a r tic ip a te to th e
e x te n t of o n e -th ird in th e p ro fit o r loss d e riv e d fro m th e e x te n sio n .
9. T he N o rth A tla n tic Baloon-p&sBenger traffic w ill h e re g u la te d by
a s e p a ra te a g re e m e n t, h a v in g in v iew a pool, a n d th e pool a rra n g e ­
m e n ts re g a rd in g th ird -c la ss p a sse n g e rs w ill re m a in In force.
10. S im ila r a rra n g e m e n ts w ith re fe re n c e to fre ig h ts a re n o t fo r th e
p re s e n t c o n te m p la te d b e y o n d e x is tin g a g ree m e n ts,
11. D ifferences w h ic h th e j o in t c o m m itte e a re u n a b le to s e ttle sh a ll
b e re fe rre d to a co m m issio n chosen b y b o th p a rtie s , o r to a n Im p a rtia l
c o u rt of a rb itra tio n .
12. T he a g re e m e n t is to oease d u rin g a n y w a r b e tw e e n G erm an y ,
th e U n ite d S ta te s a n d E n g la n d , o r a n y tw o of th em .
13. T he a g re e m e n t is fo r a p e rio d of tw e n ty y e ars; h u t e a c h p a r ty
sh a ll h a v e th e o p tio n of p ro p o sin g a re v is io n a t th e e n d of te n y e ars,
a n d of w ith d ra w in g a t th e e n d of th e e n su in g y e a r if th e re v isio n
c a n n o t b e effected in a sa tis fa c to ry m a n n e r.
14. T he H a m b u rg -A m e rie a n L in e—w ith o u t p re ju d ic e to th e p ro ­
v isio n s of C lause 8—sh all h a v e e x c lu siv e ly th e traffic b e tw e e n N ew
Y o rk a n d E a s t A sia a n d b e tw e e n N ew Y o rk a n d th e W est In d ies.

P r e s i d e n t ) , W i l l i a m M a i n l a n d , G r e e n B a y , W i s ; V lee- P r e s i d e n t , J . W.
H m ith , F a r g o ; S e c r e ta r y , O . G . B a r n e s , F a r g o ; T r e a s u r e r , S in c la ir
M a i n l a n d , O s h k o s h . W is .

U nion W ater Co. o f B eav er F a lls , P e n n .— Called Bonds.
-The F ran k lin TruBt Go. of Brooklyn w ill pay on J u ly 1 a t a
prem ium of $50 each th e follow ing first m ortgage and col­
late ra l tru s t 6 per cen t 80-year gold bonds, viz., Nos. 287, 238,
239, 289 and 270. T he p ro p erty is now controlled by th e
Beaver Valley W a te r Oo.—Sae V. 74, p. 1091.
U n ited B u tto n Co. o f New Y ork.— Consolidation —This
D elaw are corporation, w ith $3,000,000 authorized cap ital
stock, has tak en over th e property of the N ew ell Bros. M anu­
fa ctu rin g Co., of Springfield, M ass,; the Boston B utton Go.,
of Boston, and th e W iiliston & K n ig h t Go., of E ast H a m p ­
ton, Mass. These are th ree of th e larg est and oldest m anu­
factu rers of b u tto n s in th e U n ited States. In addition the
com pany controls th e p ro d u ct of several o th er m a n u fa c tu r­
ing plants. Of th e authorized cap ital $1,500,000 is 8 per cent
cu m u lativ e preferred. T he directors m ake th e follow ing
sta te m e n t:
A t t h e t i m e o f b e g i n n i n g b u s i n e s s o n J u n e 9 t h e is s u e w a s $ 1 ,0 5 7 ,7 0 0 p r e f e r r e d s to c k a n d $ 7 9 8 ,9 0 0 o f c o m m o n s to c k . T h e c o r p o r a tio n
h a s a ls o a b o n d Is s u e o f 3 0 -y e a r c o lla te r a l t r u s t m o r tg a g e 6 p e r c e n t
g o ld b o n d s o f $ 5 2 5 ,0 0 0 , d a t e d J u n e 1 , 1 9 0 2 ; t r u s t e e S e c u r ity T r u s t &
S a f e D e p o s it O o. o f W ilm in g to n , D e l.; i n t e r e s t p a y a b l e J u n e l a n d
D eo . 1. N o o t h e r in d e b te d n e s s . Q u ic k a s s e ts a g g r e g a t e o v e r $ 8 0 0 ,0 0 0
c o n s is tin g o f m e r o h a n d is e , m a te r ia l a n d c a s h , r e a l e s ta te a n d b u ild ­
in g s , m a o h i n e r y a n d f i x t u r e s a b o u t $ 1 ,0 0 0 ,0 0 0 .
D ir e c to r s : W illia m M c O le e ry , o f B o s to n B u t t o n C o . ( P r e s id e n t) ;
F r a n k P . T e n n e y , o f t h e W iilis to n & K n i g h t C o. (V lo e -P re s . a n d M a n ­
a g e r o f S a le s ; ; H o r a c e L . C la r k (S e c re ta ry ), A lb e rt W . N e w e ll ( T r e a s ­
u r e r ) , W illia m O. N e w e ll, J o h n P . N ie ld s , G e o r g e B . H a n f o r d .

U n io n E le c tric L ig h t & P o w e r Co. o f S t. L ouis.—Consoli­
d a tio n ,—Tinder th is title w ere consolidated on M ay 17 th e
Im perial E lectric L ig h t H eat & P ow er Co, and th e C itizens’
E lectric L ig h tin g & P ow er Co., both of St. Louis. The
authorized capital stock is $10,000,000, in $100 shares, of
w hich $2,000,000 is 5 per cent preferred. A large, if n o t a con­
trolling, in te re st is held b y th e N orth A m erican Co. of this
city. A bond issue for $10,000,000 is proposed, of w hich
$3,000,000 w ill be issued ab o u t Sapt. 1. The Im perial Oo. re ­
cently absorbed th e City L ig h tin g Co., w hich had con­
tro l of th e Seckner L ig h tin g Co., holding th e co n tract for
city lighting. The cap italizatio n and electric capacity of th e
com panies in and o u t of th e com bine are sta te d unofficially
as fo llo w s:
I n c lu d e d —

Stock.

C i t i z e n s ’.................... $ 3 , 0 0 0 , 0 0 0
I m p e r i a l .................... 1 , 5 0 0 , 0 0 0
C i t y L i g h t i n g ___
6 0 0 ,0 0 0
S e c k n e r ......... ...........
2 5 ,0 0 0

H .P .c a p a c ity .

See a lso

................
$ 1 ,0 0 0 ,0 0 0
6 0 0 ,0 0 0

B onds

$ 3 ,0 0 0
7 ,0 0 0
......

V. 73 p. 959
Y. 72, p. 778
V. 72, p . 89

4 ,0 0 0 ,0 0 0

1 5 ,0 0 0

............

........

N o t in e lu d e d —
M is s o u ri E d i s o n . 4 ,0 0 0 ,0 0 0
L a c le d e P o w e r ...
6 0 0 ,0 0 0
L a c l e d e G a s ........... 1 1 , 0 0 0 , 0 0 0

10,000,000

1,200
2,000

V. 72, p. 89

V. 65, p. 571
V. 71, p. 289

IN V . STJPP’T.

The consolidated com pany, w hose franchise covers th e en­
T he shareholders of th e W h ite S ta r and D om inion lines tire city, w ill h asten th e co n stru ctio n of the large pow er
have agreed w ith p ra c tic a l u n a n im ity to th e te rm s of the p la n t in N o rth St. Louis, begun by th e C itizens’ C o,, h u t
m erger, and th e sh areholders of th e H olland-A m erican line, w ill h ard ly have it ready fo r operation u n til n ex t May, The
it is-understood, have also resolved to en ter th e com bine.— d irectors and officers are :
V, 74, p. 1200, 1093,
J u l i u s 8 . W a l s h ( P r e s i d e n t ) , C .'iW . W e t m o r e ( V i c e - P r e s i d e n t ) . B r e c k e
d e
ne
r
s
,
.
o
S ta n le y E le c tr ic M a n u fa c tu rin g C o .-S o ld .—A m a jo rity mnor ri e ,g G eJoor g e sR .( T heeal d u rne ra)n d HW . PF. . C h Ct e .a t e s ( S e c r e t a r y ) , C . W . W e t S
o
W i
of th is com pany’s $3,000,000 cap ital stock has been p u r­
U n ited F r u it Co.—Debentures.—The com pany on Ju n e 1
chased by a sv n d icate largely in terested in th e stre e t ra il­
w ays of N ew Y o rk an d P h ilad elp h ia, am ong th em W illiam issued an additional $1,000,000 of its debenture 5s of 1901,
G. W h itn ey , Thom as P . R y an , T hom as D olan, W illiam L. m aking outstanding $4,000,000 of th e $5,000,000 au th o rized .—
E lkin s and P . A. B, W idener. The capacity of th e p lan t, it V. 74, p. 1095.
U n ited Gras & E le c tric Co. o f New A lb an y a n d Je ffe rs o n ­
is said, w ill be largely increased in o rd er to supply th e needs
v ille , I n d „ onds Offered.—Trow bridge & N iver Com pany
—B
of these and o th er stre e t ra ilw a y s.—V. 74, p. 785, 732.
S w e e tse r, P e m b ro o k & Co,, New Y o rk .—F irst D ividend,— of Chicago and Boston are offering for sale, a t 101 and in ­
A dividend of 3 per cen t w ill be paid on th e preferred stock terest, by advertisem ent on a n o th er page, $400,000 first m o rt­
on Ju ly 1 to stockholders of record J u n e 20.—V. 73, p. 1212. gage bonds covering th is com pany’s property and franchises,
The com pany w as incorporated in In diana on M ay 10 w ith
T ex as & P a c ific L a n d T r u s t.—New Trustee.—E dw in E in ­ $1,000,000 authorized cap ital stock and absorbed by consoli­
stein has been elected tru ste e to succeed th e la te W illiam dation th e tw o electric lig h t plants and tb e gas p la n t in New
S trau ss,—V. 74, p. 941, 725.
A lbany an d the gas p lan t in Jeffersonville, fo u r m iles from
T op ek a (K a n .) W a te r Co.—Correction.—P resid en t G. F. N ew A lbany. The com pany h as a co n tra c t for a period of
S treet calls atte n tio n to th e fa c t th a t th e le tte r of G eneral years to supply th e electric pow er for the stre e t railw ay of
M anager O’N eill, as p rin ted in a Topeka new spaper and re­ th e last-nam ed city. A first m ortgage fo r $750,000 hss
p rin te d b y u s la st w eek, co n tain ed a ty p o g rap hical error. been m ade to th e A m erican T ru st & Savings Bank of Chicago,
The d irecto rs have v oted to recom m end th e bondholders to as tru stee, securing 5 per cent gold bonds, dated M ay 15,
accept $650,000, n o t $550,000 fo r th e p ro p e rty ,—Y. 74, p, 1902, and due serially, beginning in 1907, and also su b ject to
1200, 430.
call a fte r 1912 a t 105. Of these bonds $350,000 are reserved
T re n to n P o tte r ie s Co,—F u n d in g D ivid en d s.—F rom Ju ly , for enlargem ents aed th e building of a h o t-w a te r heating
1894, to J a n u a ry , 1900, th e re accum ulated 44 per cent system to be operated in connection w ith th e gas plant,
of unpaid dividends on th e $1,250,000 of 8 per cen t preferred The rem ainder of th e bonds are those now offered.
stock, Since J a n ,, 1900, th e preferred dividends have been The franchises in N ew A lbany ru n fo r 45 years an d those in
paid in fu ll. T he com pany is now asking th e preferred Jeffersonville for 80 years, b o th from 1903, The P resident of
shareholders to sign an agreem ent w ith th e T ru st Company th e com pany is Sam uel Insull, P resident of th e Chicago Edison
of th e R epublic by w h ich they su rre n d e r th e cum ulative Co. F o r fu rth e r p a rtic u la rs see advertisem ent ou page xii.
featu re of th e ir shares and receive in settlem en t for th e ac­
U n ite d Gtas Im p ro v e m e n t Co.—M a turing Bonds.— The
cum u lated dividends 44 per cen t ($550,000) in 4 per cen t in ­ $1,000,000 6 p. c. bonds of 1888 w ill be paid Ju ly 1, 1903, a t
come certificates. These certificates w ill ra n k ahead of the th e F irst N ational Bank, 315 C hestnut S treet. P hiladelphia.
preferred shares as reg ard s in te re st paym ents, and w ill be —V. 74, p. 991, 1146.
su b ject to call a t p a r fo r a sin k in g fu n d of $25,000 yearly
beginning in Ja n u a ry , 1903, an d payable o u t of n et profits, if
|3P“ F o r w lk t'r
New** «* * F m&o I 2.*S,
*■*

THE

J u n e 14, 1902.J

C H R O N IC L E .

1257

gteptcrrts and C om m en ts.
THE

GULF

A PPLIC A TIO N TO T H E N EW

&

S H IP

ISLAND

RAILRO AD

COMPANY.

YORK STOCK EX CHANGE TO L IST FIR ST
MORTGAGE F IV E P E R CENT BONDS.

B u f f a l o , N. Y ., M ay 26, 1902.
The G ulf & Ship Island R ailroad Com pany h ereb y re ­
sp ectfully m akes ap p licatio n to have placed on th e re g u lar
list of th e New Y ork Stock E xchange $2,931,000 of its F irst
M ortgage R efu n d in g an d T erm inal Five per C ent Gold
Bonds, Nos. 1 to 2,734, inclusive, an d Nos. 2,751 to 2,947, in ­
clusive, in coupon form , for $1,000 each, or th e R egistered
Bonds into w hich these m ay be converted.
The bonds are d ated F eb ru ary 1, 1902, an d w ill m a tu re
F eb ru ary 1, 1952, in te re st being payable sem i-annually on
J a n u a ry 1 and Ju ly 1, a t th e agency of th e C om pany, Fisk
& Robinson, N ew Y ork. B oth p rincipal an d in te re st are
p ayable in gold coin of th e U n ited S tates of th e p resen t
s ta n d a rd of w eight an d fineness, w ith o u t an y d eductions
for any taxes, U n ited S tates, S tate, C ounty or M unicipal,
th a t m ay be im posed u n d er an y p resen t or fu tu re law.
T he Coupon Bonds are in th e denom ination of $1,000, an d
m ay be registered as to prin cip al only or exchanged for fully
R egistered Bonds in th e denom inations of $1,000, $5,000 or
$10,000. The R egistered Bonds are re-convertible in to
Coupon Bonds.
The G ulf & Ship Islan d R ailroad Com pany is a co rpora­
tion created F e b ru a ry 23, 1882, by Special A ct of th e L eg is­
la tu re of th e S tate of Mississippi, an d its c h a rte r is p er­
p etu al. The to ta l le n g th of railro ad ow ned and operated is
249-70 m iles, all in th e S ta te of Mississippi, as follow s:
Gulfport to Jackson................................... .......................... .159-70 miles
M axieto Columbia...................................... ......................... 48-00 “
Saratoga to Laurel.................................................................. 42-00 “
T otal................................................................................... 249 70
Also temporary branch from Gulfport to Handsboro....... 4*86

“
“

The gauge of th e railro ad is 4 fe e t 8% inches, and' th e
tra c k is laid w ith 56-lb., 60-lb., 65-lb. and" 75-lb. steel rails.
The rep lacem en t of th e lig h te r rails w ith 75-lb. steel on all
m ain tra c k s is now in progress.
G ulfport, th e so u th ern te rm in u s of th e m ain line, is s itu ­
ated on Mississippi Sound, G ulf of Mexico, m idw ay betw een
New O rleans an d Mobile. A bout 12 m iles south of G ulf­
p ort, form ing w ith a chain of o th er islands th e b o u n d ary of
Mississippi Sound, d elim itin g it from th e G ulf of M exico,
lies Ship Island. Inside th is islan d is an anchorage to w hich
ships come to o b tain cargoes lig h tered out from th e m ain ­
land. In order to overcom e th e disadvantages an d th e e x ­
pense of loading ships a t an ch o r a t th is d istan ce from th e
land, th e G ulf & Ship Islan d R ailroad C om pany is now
co n stru ctin g a t G ulfport an extensive system of piers, docks,
etc., in connection w ith w hich th e ow ners of th e railroad
a re u n d e r c o n tra c t w ith th e U n ited S tates to dredge a ship
ch an n el o u t to deep w a te r a b o u t six miles. This ch an n el is
to be 300 feet w ide an d 19 feet deep. O ne-half of th e c h a n ­
nel is com pleted, an d it is expected th a t th e e n tire w ork
w ill be finished th is year.
A n anchorage basin of th e
d.epth of th e channel an d one-quarter m ile by one-half mile
in area is in course of excavation ad jo in in g th e first and
p rincipal pier, ab o u t one mile long, now w ell advanced.
Info rm atio n in d etail w ith reg ard to th e c o n stru ctio n of
th e railroad, its p resen t physical condition an d th e im prove­
m ents urider w ay, an d also w ith reg ard to th e co n stru ctio n
of the system of term in als ju s t m entioned, is given in th e
E n g in e e r’s C ertificate accom panying th is application.
The present equipm ent of th e railro ad includes 27 locomo­
tives, 12 passenger cars, 4 co m bination cars, 3 baggage and
m ail cars, 1 official car, 404 fre ig h t cars, w o rk -train cars
an d cabooses, 2 steam shovels, 1 steam dredge b o at a n d 6
barges.
U n d er th e F irs t R efunding an d T erm inal M ortgage the
issue of bonds is lim ited to $5,000,000, w hich am o u n t has
been duly au th o rized by th e C om pany’s S tockholders and
D irectors. The purposes for w hich th e bonds m ay be issued
are as follows:
For the redemption of bonds formerly outstanding, all but
$16,000 of which have been retired, bond for bond, at par.$2,750,000
For the acquisition and completion of additional terminal
facilities, Including construction of wharves, docks, ba­
sins and channels at G ulfport................................................ 750,000
For additional rails and equipment, construction of metal
bridges, renewing trestle bridges and erection of water
stations .................
1,000,000
For additional engines and other rolling stock......................
500,000
Total........................................................................................$5,060,000

R EFU N D IN G AND TERM INAL

been sold and issued for th e purpose of ex ch an g in g or
replacing the above-described G eneral M ortgage Bonds p re­
viously existing, w hich bonds have been destroyed, as is
show n by C ertificate of th e Colonial T ru st C om pany of N ew
Y ork accom panying th is application. The fu rth e r a m o u n t
of $1,034,000 of bonds have been sold and issued for the p u r­
pose of re fu n d in g an equal am o u n t of th e F irst M ortgage
Bonds previously o u tstan d in g , w hich bonds have been ca n ­
celed, as is sta te d in C ertificate of th e M an h attan T ru st
Com pany of New Y ork h erew ith , and th e rem ain in g $16,000
of bonds are reserved for rep lacin g a like a m o u n t of F irst
M ortgage Bonds n o t y e t presented.
In ad d itio n to th e
$2,734,000 of F irst R efu n d in g and T erm inal M ortgage Bonds
issued for re fu n d in g purposes as above described, th e sum
of $197,000 of bonds has been sold a n d issued, in accordance
w ith provisions 3, 4, 6 and 7 of A rticle 1 of th e M ortgage, to
pay for im provem ents and new property. The to ta l am o u n t
of bonds issued, th e listin g of w h ich is hereby applied for,
is $2,931,000.
S u b ject only to th e $16,000 of F irst M ortgage Bonds here­
inbefore m en tio n ed , for th e re tire m e n t of w hich F irst R e­
fu n d in g and T erm inal M ortgage Five per C ent Gold Bonds
are reserved, these bonds are secured by a first lien, as
fully set fo rth in an in d e n tu re to th e New Y ork S ecurity &
T ru st Com pany as T rustee, bearin g d ate of F eb ru ary 1,1902,
upon all of th e estate, rig h t, title and in te re st of th e R ail­
road Com pany in an d to all of its properties, rig h ts, p riv i­
leges and franchises of every nam e and n a tu re , real, p e r­
sonal and m ixed, a n d w heresoever situ a te d , now ow ned or
w hich m ay b e acquired by it h e re a fter, w h eth er by purchase,
m erger or otherw ise, in clu d in g th e e n tire line of com pleted
railro ad an d all of its equipm ent, all b ranches an d ex te n ­
sions, and all term in al properties now ow ned or w hich it
m ay h e re a fter acquire, an d in clu d in g also ce rta in v aluable
rig h ts to subm erged lands in Mississippi Sound, an d thq
rig h t to reclaim such subm erged lands.
C ustom ary an d su itable restrictio n s are provided in th e
M ortgage to govern th e issue of th e rem ain in g $2,053,000
of bonds reserved for th e b e tte rm e n ts and additions above
specified. Before ce rtify in g and delivering an y of th e r e ­
served bonds, th e T rustee w ill req u ire th e R ailroad Com pany
to fu rn ish proper resolutions of th e B oard of D irectors and
C ertificates of th e P resid en t or a V ice-P resident an d of th e
Chief E ngineer, s ta tin g th a t the bonds are required to re ­
im burse th e R ailroad Com pany for d isbursem ents m ade for
th e designated purposes; th a t th e cost of th e co n stru ctio n ,
acquisition or im provem ents w as a t least equal to th e p ar
value of th e bonds to be certified a n d delivered, an d th a t no
p art of th e ex p en d itu res certified has been included in a n y
previous C ertificate in m ain ten an ce expenses.
The M ortgage provides for a S inking F u n d to be created
on Ja n u a ry 2, 1905, by th e p aym ent on th a t date a n d a n ­
nu ally th e re a fte r by th e R ailroad Com pany to th e T rustee of
a sum of m oney equivalent to One per C ent of th e p a r value
of all th e bonds issued and a t th e tim e o u tstan d in g , th e
m oney to be applied to th e purchase of th e bonds a t prices
n o t to exceed 110 and in te re st, th e bonds th u s bo u g h t to be
k ep t alive in th e S inking F und an d in te re st th ereo n to con­
tin u e to be paid. Bonds w ill not be draw n for th e S inking
F und, In case bonds c an n o t be p urchased in a n y y ear, th e
S inking F u n d for th a t year lapses.
The authorized C apital Stock of th e G ulf & Ship Islan d
R ailroad Com pany is $5,000,000, consisting of 50,000 shares
of th e par value of $lt 0 each, all of w h ich have been issued,
an d have been deposited w ith H arvey E. Fisk, C harles K.
B eekm an and Joseph T. Jones as V oting T rustees.
The Com pany has no liabilities in addition to its c a p ital
stock of $5,000,000 an d its funded d e b t of $2,947,000, as
herein described, save only th e usual operatin g liabilities
an d c u rre n t liabilities for im provem ent w ork an d te rm in a l
con stru ctio n now in progress.
Ow ing to th e fa c t th a t th e stock is held in few hands, no
a n n u al reports have been issued. The in te n tio n is to p u b ­
lish such rep o rts reg u larly h ereafter. The gross earnings,
operatin g expenses and n et earn in g s of th e tw o years and
e ig h t m onths ended F eb ru ary 28, 1902, are as follows:
INCOME ACCOUNT (TWO YEARS AND EIGHT MONTHS).
Y ear E nded
J u n e 30.1900.

Y ea r E n d e d
J u n e HO,1901.

E ig h t M on th s
E nded
Feb. 28,1902.

Average miles operated 153-55
250-10
253-58
The Railroad Com pany had o u tstan d in g on J a n u a ry 31, Gross earnings..........A .$456,139 56
$1,035,429 37
$898,786 62
1902, $1,050,000 of an issue of F irst M ortgage Five p er C ent Operating expenses and
Gold Bonds dated D ecem ber 1, 1896, due J u ly 1, 1926,
taxes............................. 358,320 18
802,555 04
628,514 02
secured by a I irst M ortgage on a p a r t of its lines an d prop­
Net earnings........... $99,819 38
$232,874 33
$270,272 60
e rty ; and it had also o u tstan d in g $1,700,000 of a n issue of
$3,500,000 General M ortgage Five per C ent Gold Bonds, d ated
The an n u a l in te re st on th e $2,947,000 bonds o u tstan d in g ,
May 1, 1900, due Ju ly 1,1926, secured by a G eneral M ortgage am o u n tin g to $147,350, is th e sole charge ag ain st incom e
on its lire arid property. Of th e $2,750,000 of F irst R efu nd­ account.
ing and T erm inal Five p e rC e n t Bonds issuable for th e re ­
The C om pany’s condensed general balance sheet as of
dem ption of o u tstan d in g bonds, $1,700,000 of bonds have M arch 31, 1902, is as follows :

IH K

1258
A

s s e t s

C H R O N IC L E

.

Cost of lo u d s u d e q u i p m e n t . ------ ---- $7,77 5 ,8 2 6 87
Afifiitioua aiul b e tte rm e n ts . , .........................
348,861 26

Materials and BUppiles....................

54,302 19

Total capital assets ....................... .............................. $8,178,780 32
C ash...................................... .
.............
$16,255 61
Cash In transit . . . . . ....... ............................
19,645 82
Due from agents and conductors . . . . . . . . . .
18,437 80
Dae from IT, 8. Government P. O. D ept....
2,642 87
Due from railroads, Individuals and com­
panies, including proceeds of $339,000
of bonds sold but not yet delivered and
bills receivable seonied................
384,600 88
Accrued insurance.......................................
662 48
442,145 06
T o ta l w o rk in g a s s e ts .
Total assets____. . . . __ . . . .... ..................................... . $8,620,925 38
L

ia b il it ie s

.

Capital Stock..................... ............................$5,000,COO 00
Funded debt, including $339,000 due to
be issued for construction done............. 3,089,000 00
Total Capital and Mortgage liabilities
Unpaid wages..........................................
Drafts in tra n s it...........................................
Vouchers aud accounts payable.............
Car trust notes............................................
Accrued in terest...................... ....................
Accrued ta x e s .................... ........................
Reserve funds...... .........................................
Total working liabilities
Profit and loss—surplus.......

............. ...$8,089,000 00
$65,163 87
64 35
152,434 98
20,523 29
23,125 00
36,889 81
43,265 26
341,468 56
190,458 82

Total liabilities and surplus........ ...................... .— $8.620,925 38

Tire B oard of D irectors consists of Joseph T. Jones, Buf­
falo, N. Y .. Joseph A. Jones, Buffalo, N. Y .; R obert E. Pow ­
ers, Buffalo, N. Y .; T hom as P. H ale, G u lfp o rt, Miss.; E. J.
Bowers, Bay St. Louis, Miss.; C harles K. B eekm an, New
Y ork; C la re n c e S . M cClellan, Mt. V ernon, N. Y .; Jo h n H.
Thom pson, P lainfield, N. J.
The Officers of th e C om pany are- Jo sep h T. Jones, P resi­
den t; Joseph A. Jones, F irst V ice-P resid en t; Thom as P.
H ale, Second V ice-P resid en t a n d G en eral F re ig h t an d
Passen g er A g e n t; R o b e rt E. Pow ers, S e c re ta ry an d T reas­
u re r; W . A. K in g , A ssista n t T reasu rer; E. J. Bowers, Gen­

[V o l . L X X IY .

eral Counsel; E lisha Gee, A u d ito r; W. T. S te w a rt, P u rch as­
ing A gent; R ichard M organ, G eneral S u p erin ten d en t; L, A,
W ash ington, C hief E ngineer; M. S. C urley, M aster M echanic;
W . E. Leonard, C ar A cco u n tan t.
The G eneral Offices of th e C om pany are a t Buffalo, N. Y .,
and G ulfport, Miss. T he F iscal A gents for re g istra tio n of
th e bonds and p a y m e n t of in te re st th ereo n are Fisk & R ob­
inson, N ew York.
In accordance w ith th e req u irem en ts of your C om m ittee,
we beg to h a n d you h erew ith :
Copies of the First Refunding and Terminal Mortgage of tlie Gulf
& Ship Island Railroad Company, Including one copy certified by tlie
New York Heourliy & T rust Company, Trustee, us a true copy. Oertlllad Copies ot Rear lotions of Stockholders and Directors of the Gulf <
fc
Ship Island Railroad Company {authorizing the First Refunding and
Terminal Mortgage. Certified Copy of By Laws of the Guif & Ship
Island Railroad Company. Certificate of Counsel as to tfie legality of
the Issue of the First Mortgage Refunding and Terminal Five per Cent
Gold Bonds; Certificate of Counsel th at the Mortgage has been duly
aud properly recorded. Certificate of the New York Security < Trust
fe
Company, Trustee, acknowledging acceptance of the Trust, giving
numbers and amount of the First Mortgage Refunding and Terminal
Five per Cent Go d Bonds executed, and including evldenoe of the
proper recording of the Mortgage. Certificate from the M anhattan
Trust Company of New York. Trustee of the First Mortgage of the
Gulf & Ship Island Railroad Company, evidencing the cancellation of
all but $16,000 of the bonds issued under th at Mortgage. Certificate
from the Colonial Trust Company of New York.Trustee of tbeG eneral
Mortgage of the Gulf &8hlp Island Railroad Company, evidencing
the destruction of ail the boodsflssued under th at Mortgage. Certifi­
cate of -Engineer. Maps of the Gulf & Ship Island Railroad.

R esp ectfu lly su b m itted ,
By JO S E P H T. JO N ES, Fieaident.
Tills C om m ittee recom m ends th a t th e above-described
$2,931,000 F irst R e fu n d in g and T erm in al M ortgage Five per
C ent Coupon Bonds of 1952, fo r $1,000 each, Nos. 1 to 2,734,
inclusive, and Nos. 2,751 to 2,947, inclusive (and R egistered
Bonds in the den o m in atio n s of $1,000, $5,000 and $10,000,into
w hich said Coupon Bonds m ay be c o n v e rte d ), be a d m itte d
to th e list. The R eg istered Bonds are re-co n v ertib le in to
Coupon Bonds.
\V . H. G r a n b e r r y , C hairm an.
A dopted by the G overning C om m ittee Ja n e 11, 1903,
W m . M c C l u r e , Secretary.

A t N ew ark, N. J ., on M onday, V ice-C hatcellor E m ery
g ran ted an oul-.r to show cause, w ish tem porary stay, w hy
the oo p o ra'io n should n o t be restrain ed from changing
$200,000,000 preferred stock into bonds. The bill was filed a t
T ren to n on J a n e 7 by R obert H. M cCarter as counsel for
Mrs. M iriam B erger and other holders of p referred stock to
th e ex ten t of 1,200 or m ore shares, w ho claim th a t th e law
au th o rizin g th e exchange is u n co n stitu tio n al, as it im pairs
th e ir vested rig h ts. The m otion w as argued a t N ew ark
yeslerday,
Tne com pany’s elaborate answ er, filed on T hursday, sta te d
Union Iron Works, San Francisco; Hyde Windlass Co. of Bath, Me.;
Batli Iron Works, Bath, Me ; Crescent Shipyard; Samuel L. Moore & th a t m em bers of th is syndicate subscribed to the new bend
Sons Co.. Elizabethport, N. J.; E astern Shipbuilding Co.. New Lon­ issue $80,000,000 pre' erred stock and $20,000,000 cash, and
don, Conn,; Harlan & Hollingsworth Co., Wilmington, Del,; Canda
points o u t th a t a t th e m eeting on May 19 last, o a t of the
M anufacturing Co., Carteret, N. J.
T he authorized cap ital stock w ill be $20,000,000, of w hich 8,124,435 shares of capital stock, exclusive of th e 2,061,376
$10,C00,0C0 6 p. c. non-cum ulative preferred. The first m ort shares of th e syndicate, th ere w ere \ o t e d i u favor of the
gage secures $16,000,000, Series A , 5 per cent s in k irg fund bond plan 5,642,912 shares, held by 14,000 individuals, w hile
gold bonds due in 1932, M ercantile T ru s t Co., trustee. th e opposition vote was represented by less th a n 13,000 shares
Of th is issue $5,5uO.OGO are w ith d raw n fro m public sale, held by n o t m ere th a n thirty-five in d iv id u als.—V. 74, p,
12C0, 1146.
u n d er th e ven d ers’ and subscribers’ co n tracts, and for provid
Utica (N. Y.) Uas & E le c tric Co.—
Officers.—The officers are:
in g cash cap ital for th e com pany, and $1,500,000 w ill be held
President,
Vice-President, W- E. Lewis; Secretary,
in th e com pany’s treasu ry . T he rem ain in g $9,000,000 have William J. Anthony N. Brady; George H. Stack.—V. 74, p. X042.
Cahill; Treasurer,
been fully u n d e rw ritte n in th e U n ited S tates and Europe,
Western Union Telegraph Co.- Q uarterly.— E arn in g s
and are now offered fo r su tse rip tio n th ro u g h th e T ru st Com­
(p artly estim ated) for
pan y of th e R epu; lie in th is city and th ro u g h b anking houses ending Ju n e 30 w ere: th e q u a rte r an d the tw elve m onths
in n um erous o th er centres. F ir s t m ortgage bonds in excess 3 m o s. e n d in g
N et
I n te r e s t
D i v id e n d s
B a la n c e ,
of $16,000,000 m ay be issued only for th e purpose of acquiring
J u n e 30—
revenue.
c h a rg e .
p a id .
s u r p lu s .
$254,770
$1,217,010 $378,220
additio n al plan ts and equipm ent, and fo r im provem ents and 1902 (eat.)............... $1,850,000
(actual)____ 1,762,436
239,040
1,217,005
306,391
betterm en ts upon such term s and conditions as shall be ap­ 1901 m o n th s —
12
pro ved by th e holders of a m a jo rity of th e bonds outstanding 1901-2(est.)...... $7,249,852
$992,580
$4,868,033 $1,389,239
1900-1 (actual).
3,685,248
§56,160
4,868,007
861,081
a t the tim e of such approval.
T he bonds are a first lien on th e p lan ts above nam ed, w hich
T otal surplus (estim ated) J u n e SO, 1902, $10,708,526. T he
have been appraised a t over $20,000,000. T he new com pany reg u lar l l£ per cent dividend is payable Ju ly 15.—V. 74, p.
w ill have m ore th a n $5,000,000 of w orking cap ital, and w ill 1095, 785.
acquire co n tracts fo r w ork in h a n d ag g reg atin g over $36,000,000, on w hich i t is estim ated th e profit w iil exceed $5,000,000,
—L aw rence B am uni & Co. are offering to investors by
or m ore lh a n enough to pay in te re st and sinking fund for five advertisem ent on an o th er page $80,000 first m ortgage 6 per
years. A nn u al n e t profits are estim ated as below:
cent 30-year.gold bonds of th e D illon (M ont.) E le c tric L ig h t
Annual average net earnings, $2,225,000; interest on $16,000,000 & Pow er Co, This com pany h as been in operation m any
first mortgage bonds, $800,000; sinking fund, $200,000; balance, years and w ith th e im proved p lan t w ill earn, it is claim ed, at
$1,225,000. Deduct 6 p ercent on preferred shares $600,000; leaving
for dividends on common shares and for betterm ents and reserve, least th ree tim es th e in te re st charge. Its p la n t is th e only
$625,000.
one w ith in fifty m iles of the city. The firm is also offering
N ew Y ork C ity 3s, Syracuse
K earney (N. J.) 4s, W ash­
T he d irectors of th e new com pany w ill be:
Henry P Scott. President Union Iron Works; John 8. Hyde. Presi­ in g to n C entral 4s, M adison C ounty Gas & E lectric Co. 5s and
dent the Hyde Windlass Co.; E. W. Hyde, President Bath Iron Works. S outhw estern Coal & Iro n Co. 6s, g u aran teed by th e Mis­
Limited; Lewis Nixon. President Crescent Ship Yard; Charles R,
Hanscom, President the E astern Shipbuilding Co.; Irving M. Scott. souri K ansas & Texas Ry.
Vice-President and General M anager the Union Iron Works; Charles
—“ B row n’s D irectory of A m erican Gas Companies” for the
J. Canda, President Canda M anufacturing Co.; Horace W. Game, year 1902 is now on sale. Besides th e usual clear and concise
President the H arlan & Hollingsworth Co.; Daniel Le «oy Dresser,
President Trust Co. of the Republic; J . J. McCook of Alexander & statem en ts reg ard in g th e plants and finances of the leading
Green.
com panies selling, m anufactured 'gas, th e present n u m ber con­
P resid en t Drcseer of th e T ru st Com pany of th e R epublic, tain s rep o rts fo r a considerable num ber of com panies supply­
w hich is atten d ing to th e financial end of th e consolidation, ing n a tu ra l gas, T he d irectory comes from the press of the
says th a t th e plan in no w ay resem bles th a t of th e form er “ Progressive Age,” 280Broadw ay; price $5,
e fio it to com bine shipbuilding interests. (V. 72, p. 884, 940.)
—F irm s w ho have recently placed new issues of industrial,
U n ite d States Steel Corporation.— ju n ctio n S u its.— gas or electric securities are requested to com m unicate w ith
In
Ju d g e Lacombe in th is city on M onday denied th e applica­ L ism an, Lorge & Co., for th e purpose of having them correctly
tion of C. H. V enner& C o. and Jam es P o llitz fo r a n in jn n c tio n quoted on this firm 's Ju ly quo tatio n sheets, now in course of
to re stra in the m aking of th e proposed bond issue,
preparation. See advertisem ent on page ix.

U n ite d S ta te s C a rb o n Co.— Ordered Sold .— Vice-Chan­
cellor Stevens a t T renton on Tuesday o rdered th e sale of the
p la n t a t W oodside, N. J ., w hich cost, it ia said, $150,000, b u t
w as never p u t in o p eratio n .—V. 73, p. 984.
U n ite d S ta te s S h ip b u ild in g Co —Consolidation.—Bonds
Offered.—An adv ertisem en t on an o th er page offers fo r public
subscription a t 9 7 ^ $9,000,000 first m o rtg ag e bonds of the
U n ite d S tates S hip b u ild in g Co , w hich is being organized,
u n d e r th e law s of N ew Jersey , to u n ite th e follow ing ship­
build in g concerns:

THE

J u n e 14, 1902. J

JP » ® m m x tttm l %imm.
COMMERCIAL-

EPITOME.

F r id a y N

ig h t ,

J a n e 18, 19J2.

T h e g e n e r a l b u s in e s s s i t u a t i o n h a s c o n ti n u e d t o b e a n f a v o r a b l y i n f lu e n c e d b y t h e l a b o r s i t u a t i o n . T h e c o u r s e o f t h e
c o a l s t r i k e h a s c o n ti n u e d t o b e c lo s e ly f o llo w e d a n d t h e f a c t
t h a t n e it h e r ' m in e r s n o r o p e r a t o r s h a v e: b e e n able: to m a k e i m
p o r t a u t p r o g r e s s t o w a r d s a s e t t l e m e n t o f d if f e r e n c e s h a s h a d
a d i s c o u r a g i n g in flu e n c e . C ro p n e w s f o r t h e w e e k h a s b e e n
le s s f a v o r a b l e . T h e A g r i c u l t u r a l B u r e a u r e p o r t i n d i c a t e d a
g o o d c o n d it i o n f o r t h e s p r i n g - w h e a t c r o p s a n d a p r o s p e c t f o r
t h e c o a r s e r g r a i n ( w i t h c o n ti n u e d f a v o r a b l e w e a t h e r ) o f l a r g e
y ie ld s . I n a f e w lin e s o f t r a d e s o m e i m p r o v e m e n t i n b u s i n e s s
h a s b e e n e x p e r ie n c e d , E s p e c ia lly h a s t h i s b e e n t r u e o f t h e
s u g a r m a r k e t , w h i c h is n o w f e e lin g t h e e f fe c t o f t h e e a r l y
s u m m e r c a n n i n g d e m a n d ; p r ic e s h a v e b e e n a d v a n c e d .
L a rd o n th e sp o t h a s b een firm e r w ith fu tu re s , b u t th e
v o l u m e o f b u s in e s s t r a n s a c t e d h a s s h o w n n o i m p r o v e m e n t ,
b u y e r s g e n e r a ll y o p e r a t i n g s lo w ly , a n d t h e a d v a n c e i n p r ic e s
h a s n o t b e e n f u l l y m a i n t a i n e d . T h e c lo s e w a s q u i e t a t
lQ '623^c. f o r p r i m e W e s te r n a n d 10% @ 1 0 f^c. f o r p r i m e C i ty .
R e f in e d l a r d h a s c o n t i n u e d t o m e e t w i t h a l i g h t s a le , b u t
p r i c e s h a v e h e ld s t e a d y a t 10-85e, f o r re fin e d f o r t h e C o n t i ­
n e n t . S p e c u la t io n in l a r d f o r f u t u r e d e li v e r y h a s b e e n q u i e t ,
b u t e a r l y i n t h e w e e k p r ic e s a d v a n c e d o n l i g h t h o g r e c e ip t s .
S u b s e q u e n t ly , h o w e v e r , t h e r e w a s a s l i g h t r e a c t i o n . T h e
c lo s e w a s s t e a d y .
»A

X 'U t

1259

OH RON! CEE
C O T T O N .

F r id a y N i g h t , J u n e 13, 1902.
Th e Mo v e m e n t o » t h e C r o p , a s in d ic a te d b y o u r te le g ra m s
fro m t h e S o u t h t o - n i g h t , i s g i v e n b e lo w . F o r t h e w e e k e n d i n g
th is e v e n i n g t h e t o t a l r e o e i p t s h a v e r e a c h e d 20,856 b a le s ,
i g a i n a t 21,433 b a l e s l a s t w e e k a n d 19,610 b a l e s t h e p r e v io u s
w e e k , m a k i n g t h e t o t a l r e o e i p t s s i n c e t h e 1 s t o f S e p t., 1901,
7,318,707 b a l e s , a g a i n s t 7,214,467 b a l e s f o r t h e s a m e p e r io d o f
1900-1, s h o w i n g a n i n c r e a s e s i n c e S e p . 1, 1901, o f 101,800 b a le s .
tlsc& ipts a l—

la lv e sto n .-----Bab. P a ss, &e.
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to b tte . . . . . . ...
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Brafflsw'k.&e.
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Pti. Royal,& c.
V llm lngton—
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T ot. t h is w eek

Mat.

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748
1,058

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902
.........
1,912,
5

942
mmm
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2,480

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131
....... .
2,818
444

18
.........
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131

431

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320

630

443

7

7

2

19

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sm eu

103

2,899
____
1,146 11,015
454
6

40

.........
1,571

3,529
75
9
831

36

5

172

10

38

9
70

795

101

133

4

328

58

1,414

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D,

......
50

.........
55

......
148

am arnm
m

.......
.........
354
27

248
854
28

3,343

20,356

1
2,775

3,476

4,104

4,200

2,458

- T h e f o l l o w i n g s h o w s t h e w e e k 's t o t a l r e c e i p t s , t h e t o t a l s i n c e
3epfe« 1 ,1 9 0 1 , a n d t h e s t o c k t o - n i g h t , c o m p a r e d w i t h l a s t y e a r ,
1901-02.

M pts to T h is SinceBep.
eisM
June 13. week, l s 1901.

1900-01.
Iffn e e Sep.
1, 1900.

T h is
w eek.

m oete.
1 902.

1901.

33,754

73,186

O L O S J N U P S I O B S O F L A .K B F U T O B B S .

g a t.

J u n e ...........10 57 10-65 10-67

M on

T u ts.

Wed-

TA ure

10-65 10-62

pH .

10-62

2,899 2,023,138 19,210 2,042,594
6igace 87,168
3ate.P.,& 0.
249
50,232
slew O rleans 11,015 2,814,324 18,334 2,337,496
590 108,951
ffo b ile ........
454 152,130
S' 169,956
217,983
?'sacbl», J*e.
savannah-.. 3,529 1,109,159 3,059 1,043,052
fflaO B 134,267
OQ
Sir’wie&.&s.
2,342 125,146
75 ■ 262,874
1,137 228,151
ito a rtesto n ..
9
1,574
1
1,628
P.Royal.&c,
OTmlmgton.
331 276,000
63 256,985
„ O aD
D
882
A s,
522
3,772 • 397,334
ffsrta lk „„„„ 1,414 446,877'
35,313
138
33,711
S’gsorf N.,<&© tasaes
00„»00 110,388
1,124 137,049
-few Y o rk ...
421 192,098
248 118,949
S e a to n . . . . . .
854
95,954
948
a& lttm ore. .
64,510:
32,289
23
493
25,048
vMladei.Ao.

124,720 113,208
P r i c e s f o r p o r k h a v e b e e n a d v a n c e d i n t h e lo c a l m a r k e t ,
8,263
8.072
b u t o n ly a j e b b in g b u s in e s s h a s b e e n t r a n s a c t e d , c lo s in g a t
$18 75@ 19 25 f o r m e s s ; $19 75 f o r f a m i l y a n d $19 50@ 21 25
29,525
12,179
f o r s h o r t c le a r ,
C u t m e a t s h a v e h a d a f a i r l y l a r g e s a le ,
1,120
1,718
5,073
e s p e c i a l l y p i c k le d b e llie s a n d p r i c e s h a v e b e a n s t e a d y w i t h
p i c k l e d s h o u l d e r s a t 8% @ 8 % £ o., p i c k l e d h a m 3 a t
and
6,835
8,059
p i c k l e d b e llie s , 14@ 10 lb 3 . a v e r a g e , a t 10@ 10J^c. B e e f h a s
b e e n q u i e t a n d e a s y a t $12 25 f o r m e s s $14 50@ 16 f o r p a c k e t!
19,641
15,658
$13@ 17 f o r f a m i l y a n d $23@ 24 f o r e x t r a I n d i a m e s s i n tc s .
144
64
106,482 182,579
T a l l o w h a s h a d a m o d e r a te s a le , h u t p r ic e s h a v e w e a k e n e d
11,000
18,00©
t o 6 % c . S t e a r i n e s h a v e b e e n f i r m e r b u t q u i e t , c lo s in g a t 12 c.
2,950
6,927
f o r la r d s te a rin e a n d
f o r o le o s t e a r i n e . C o t to n ­
1,932
2,890
s e e d o il h a s b e e n q u i e t a n d e a s ie r , c lo s in g a t 45c. f o r p r i m e
T o ta l s ..... 20,356 7,318,767 51,907 7,214.487 389,618 412,381
y e llo w . B u t t e r h a s b e e n i n f u l l s u p p ly a n d w i t h a l im i te d
d e m a n d p r ic e s h a v e w e a k e n e d t o l9 @ 2 1 )^ e . f o r c r e a m e r y .
I n o r d e r t h a t c o m p a r is o n m a y be m a n e w ith o t h e r y e a rs ,
C h e e s e h a s b e e n q u i e t b u t w e ll h e ld , c lo s in g a t 9@ lQ3^c. f o r *?© give b e l o w t h e t o t a l s a t l e a d i n g p o r t s f o r s i s s e a s o n s .
S ta te f a c to r y fu ll c re a m . F re s h e g g s h a v e b e en in m o d e ra te
R eceipts a t— 1902.
1901,
1898,
1897,
1898.
1900.
d e m a n d a n d s te a d y a t 1 8 @ \8 % e . f o r c h o ic e W e s te r n .
B r a z i l g r a d e s o f c o ffe e h a v e c m t i n u e d to d r a g , T h e n e a r 4»l v e s’n.& c.
2,899
277
442
19,459
1,722
950"
a p p r o a c h o f t h e n e w c r o p a n d t h e e x c e s s v e s u p p lie s i n s i g a t New O rlean s
11.015
5,928
18,334
6,714
2,157
4,827
h a s m a d e b u y e r s t i m i d ; c o n s e q u e n t ly litrl© d is p o s itio n h a s t t o b i l e . . . . . .
166
454
590
188
12
188
b e e n s h o w n t o o p e r a t e a n d p r ic e s h a v e d e c lin e d . B r a z i l h a s sa v a n n ah —.
3,529
3,059
911;
455
3,449'
408
b e e n a f a i r s e lle r o n a l o w e r b a s i s o f v a lu e s , T h e c lo s e w a s
84
414
83
1,158
44
885
Ohas’taa., &a.
q u i e t a t 5 ) ^ e. f o r R io N o . 7, W e s t I n d i a g r o w t h s h a v e b o e n
331
63
84
100
10
27
f i r m e r a n d q u i e t f o r d e s ir a b le g r a d e s , b u t d u l l a n d e a s y f o r Wilm’to n , Ac
1,414
N o rfo lk .. . . .
3,772
1,1X4
2,841
41
6,829
t h e i n d iu m g r a d e s , S p e c u la tio n i n t h e m a r k e t f o r c o n t r a c t s
.**;«*,*:
802
138
727
192
76
h a s b e e n m o r e a c t i v e a n d p r ic e s h a v e d e c lin e d u n d e r s e l li n g Y„ H ew s, Ac.
5,334
eso
6,762
4,533
6,711
1,518
a g a i n s t p u r c h a s e s i n B r a z i '. T h e c lo s e w a s s t e a d y . F o l l o w ­ All o t h e r s ...
i n g a r e t h e c lo s io g a s k e d p ric e s ,
t o t. th is wfc.
20,356
51,907
12,423
26,838
18,160
4,711
J a n e . . . . —..— 4*80e. fB ept ________ 4-95e. | D e e . . . . . . . . . . . . 5-20e.
J u l y _ ___ ... 4-80e. ( O c t ................... 5-05e J a n . . . . . . . . . . . 5-25o. Mae® S e p t. 1 7318,767' 7214,467 6381,202 8269,280' 8528,506 6851,529
_
A u g . .... . . . .
4 90c. ! N ov.................... 5-10e. 1M arch. . . . . . . . . 5'45o.
’ h e e x p o rts fo r th e w e ek e n d in g th is e v e n in g r e a c h a to ta l
t
R a w s u g a r s h a v e b e e n i n f a i r d e m a n d a n d f ir m a t 3 % g . f o r of 85,409 bales.., o f w h i c h 3,271 w e r e t o G r e a t B r i t a i n . 4,840
c e n t r i f u g a l s , 98 d e g . t e s t , a n d 3c. f o r m u s c o v a d o,89 d e g .t e s t. m> F r a n c e a n d 27,298 t o t h e r e s t o f t h e C o n t i n e n t , B e lo w
R e f in e d s u g a r h a s b e e n i n g o o d d e m a n d a n d f ir m e r , c lo s in g w e t h e e x p o r t s f o r t h e w e e k a n d s i n c e S e p t . 1 ,1 9 0 1 .
a t 4 70c. f o r g r a n u l a t e d . T e a s h a v e b e e n m o r e a c t i v e a n d
W e e k E n d i n g J u n e 1 3 ,1 9 0 2 .
T r e m 8 e v h 1 ,1 9 0 1 , t o J u n e 1 3 ,1 9 0 9
f i r m e r , e s p e c ia lly f o r J a p a n s .
M eep o n zed to —
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m n t.
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3 ,2 0 2
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3 ,2 0 2
8 3 8 ,0 6 4 8 3 7 ,5 3 9
5 2 0 ,0 7 4 5 .,7 2 6 ,0 8 7
t h e s a le s f o r t h e w e e k b e in g l im i te d t o 700 c a s e s , a n d p r ic e s
2 7 ,6 0 6
8 5 ,0 0 1
6 3 ,3 5 6
h a v e la c k e d t o n e , F o r e i g n g r a d e s o f t o b a c c o h a v e b e e n in J a b . P a w s , A s . . ............ ............
4 ,7 9 0 1 1 ,6 5 9 1 3 ,0 8 3
1 ,0 8 4
t « w O r le a n s ..
8 7 0 ,3 2 2 "289,015
0 7 2 ,5 0 8 1 ,8 3 2 ,7 4 3
m o d e r a te d e m a n d a n d s te a d y ,
............
......
......
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6 2 ,5 1 1
2 9 ,8 0 9
9 8 ,3 2 0
E i r i y in t h e w e e k p r ic e s f o r S t r a i t s t i n a d v a n c e d o n a t e m ­
P s a s a s o la .....
9 5 ,7 8 4 1 2 .9 1 9
......
8 2 ,3 7 8
1 9 1 .1 0 1
p o r a r y s c a r c i t y , b u t t h e im p r o v e m e n t w a s n o t m a i n t a i n e d ■ i f s T a r s n a h .. .. .. . . . . . .
3 1 9 ,4 4 5 4 8 ,8 4 5
6 8 1 ,8 9 0
709, f80
a n d t h e c lo s e w a s q u i e t a t 80c b i t a n d 80 50 a s k e d . I n g o t :* n \» .« w lc K . . . .
5.0 4 8 :
7 1 ,7 6 0
8 8 ,7 5 9
1 1 6 ,5 7 0
c o p p e r h a s b a d a f a i r c a l l f o r d e liv e rie s o n c o n t r a c t s , b u t n e w
n a r!e s* o n —
8 5 ,3 0 0
7 2 ,4 1 4
1 3 7 ,0 2 0
b u s i n e s s b a a b e e n l i g h t , c losing: a t 12 25@ 12-60c. f o r L a k e . ■•oft. B o r a ! —
......
L e a d h a s b e e n q u i e t b u t S 'e a d y a t 4 '1 2 j^ c , S p e l te r c lo s e d n U m l u x t o n . . . . . . . . .
1 1 9 ,0 7 6
1 4 2 ,5 3 0
2 0 1 ,0 0 6
■for f o l k . .............. ; U - *•«
2 0 ,6 0 3
2,100 2 3 ,0 6 3
q u i e t a t 4 87J£c. P ig ir o n h a s b e e n in g o ;d d e m a n d a n d firm ,
3 5 .8 7 5
200 8 5 ,5 7 5 .
R e fin e d p e tr o l e u m h a s b e e n u n c h a n g e d , c lo s in g s t e a d y a t M’p o r t N . , &<j..
' l e w Y o r k .........
60
0 ,1 3 6
1 ,4 4 4
2 9 1 ,3 1 9 2 3 ,4 8 0
7 ,6 4 2
2 4 1 ,4 5 2
5 5 9 .2 0 0
7*40o. in b b is ., 8 50c. in c a s e s a n d 4-85c. i n b a l k . N a p h t h a
B o s t o n ................
61
61
1 4 9 ,0 3 3
5 ,9 8 2
165 945
h a s b e e n u n c h a n g e d a t 9 05c. C r e d i t b a la n c e s h a v e b e e n
s , ' t ) r o o / a .........
4 ,2 4 5
4 9 ,8 4 0 :
750
4 ,2 * 5
0 0 ,4 8 7
1 1 1 ,0 8 3
s t e a d y a t $ 1 2 0 , S p i r i ts t u r p e n t i n e h a s b e en q u i e t a n d
f f ttia a e ip w a ..
14 J
0 ,8 8 2
142
1 4 .7 8 9
1 7 ,1 4 1
S l ig h tly e a s t $rf c lo s in g a t 49% @ 49% e,
R o s in s h a v e b e e n
■ an r r a n . , t k o ..
1 0 ,8 6 4
660
550
161 789
1 6 2 ,0 5 3
............
q u i e t b u t s t e a d y a t $1 57 % f o r c o m m m a n d g o o d s t r a i a e d .
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W o o l h a s b e e n in f a i r l y b r is k d e m a n d a n d firm . H o p s h a v e
h a d a l im i te d sa le a t h a r d e n i n g p r ic e s .
7 ,8 0 7 5 0 .0 0 3 8 2 .2 3 4 8 .8 5 5 8 0 2 ‘7 0 4 : 8 6 5 2 ,'6 6 4 ,3 1 8 fi.O ft4.605
t o t a l , 1 9 0 3 -C 1 . 2 3 .7 6 0

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1260

C H R O N IC L E .

l a a d d itio n to a b o v e e x p o r ta , o u r te le g r a m s to - n ig h t also
*1 ve us th e fo llo w in g a m o u n ts o f c o tto n on s h ip b o a rd , n o t
c le a re d , a t th e p o r ts n a m e d ,
W e a d d s im ila r fig u re s fo r
Me w Y o rk , w h ic h a r e p re p a re d fo r o u r sp e c ia l u se b y M essrs,

Lambert it. Barrows, Produce Exchange Building,
on

J u ne 18 «u—

asurstOAitn,

mot cleared

to n —

6ter- ' O ther C oast­
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B r ita in F r’nee m a n y . F or’y n w ise.

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_
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1,022
1.706

Mobile-..........

N o rfo lk .........
New Y o r k ., .
O th e r p o r ts .
T o ta l 1902.
T o ta l 1901..
T o ta l 1900.

481 1.752 21,725
6,229 11,218 ____
.....
......
...... 1

150
1,080
500

25,180
19,233
500
9
9

3,028
11,721
12,178

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stack.

2,303
.........

......

2,500
2,903
1,800

99,590
14,521
11,679
1,709
8,263
17,141
163,579
21,161

5,710 15,070 [24,028

4,239

52,075

337,643

1,726 3,9891 6,168 21,901
1,896 --— 16,191— -■ 8,162

45,600
33,427

366,861
185,315

«...««

2,500
300

to ta l.

600
1,500

Speculation in cotton for future delivery has been quiet.
The outside speculative interest in the market has largely
withdrawn, and the operations by regular dealers have been
confined largely to scalping transactions. The weather re­
ports from the cotton belt, especially in the Southwest, have
been the principal factor. Numerous complaints have been
received from Texas saying that the crop is in need of rains,
and advices received from some sections east of the Missis­
sippi report the condition of the crop as deteriorating, owing
to the absence of sufficient moisture. Based on the less favor­
able crop reports from the South, the tendency of prices, es­
pecially forthe newcrop deliveries, has been towards a slightly
higher basis. Cable advices were received on Thursday saying
that a heavy monsoon storm had broken over India, and this,
it was claimed, insures a good cotton crop for India. To-day
there was a steadier market, the continued dry weather in
the Southwest inducing some speculative buying, largely,by
room traders, and prices advanced a few points. The close
was steady at a net gain for the day of 4@i0 points, Cotton
on the spot has been steady, closing at 9 7-16c. fornniddling
uplands.
The rates on and off middling, as established Nov. 20,1901,

by the Revision Committee, at whioh grades other than
middling may be delivered on oontraot, are as follows.
F a ir .................... ............ o. 1-14 on
Middling F a i r .. .. .. . . . . . . . 0-80 on
Strict Good Middling........ 0-50 on
Good M id d lin g ............. 0-82 on
Strict Low Middling........ 0-14 off
Low Middling........ .
0'38 off
Strict Good O rdinary. . . . . 0-72 off
Good Ordinary.................... 1-00 off

Good Middling T inged.... Even
mg 'I
- "
Strlot Good Mid. ~
Tlnged.o. 0’20 on
Strict Middling T inged.... 0-06 off
Middling Tinged..................0T2 off
Strlot Low Mid. T inged... 0’34 off
Middling S tained............. 0 5 0 off
Strlot Low Mid. Stained... 1-06 off
Low Middling Stained___ 1-50 off

[V o l . L X X IV .

tfUTUBES,—Highest, lowest and oiosing prices a t New York,
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Iff

T h e V is ib l e is u p pl y o f c o t t o n to-night, as made up by
cable and telegraph, is as follows, Foreign stocks, as well
as the afloat, are this week’s returns, ana consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
On th is basis the official prices for a few of the grades for (June 13), we add the item of exports from the United States,
the past week—June 7 to June 13 —
would be as follows,
including in it the exports of Friday only,
1302.
1301.
1900.
1899.
*toek a t L iverpool...™ bales. 948,000 721,000 531,000 1,359,000
12,000
9,000
9,000
5,000
Good O rdinary.. . . . .
8-37 8-37 8-37 8-44 8-44 8-44 Stock a t L o n d o n ...............
Low M id d lin g ..,... . . . . . . . . . . . . . 8-99 8-99 8-99 906 9-06 9-06
___________________. 960.000 73
960,000 730,000 540,000 1,364,000
Middling........ ..
. . . . . . . . . . . . 938
9%
9*8
9*m 9*i* 9*16 Stock a t H am burg.. . . .. .. .. .. .., 18,000
23,900
21,000
30,00®
Good M iddling..... ____ . . . . . . 9 6 9 B-69 9-69 y-76 9-76 9-76 Stock a t B re m e n ........
. 136,000 175,000 291,000 312,000
Middling F a ir.. . . . ________ _ 10-17 10-17 10-17 10-24 10-24 10-24 Stock a t A m sterdam ....
1,000 ' 2,000
200
200
200
Stock a t R o tterd am .....
GULF.
SaS„ M om T u e s W®fi TSa. F r l .
,
6,000
4,000
4,000
4,000
Stock at A n tw erp . . . . . . .
Stock a t H a v r e ..... .. .. .
, 154,000 166,000 174,000 202,000
8-62 8-62 8-62 8-69 8‘69 8-69 Stock a t M arseilles......
Good Ordinary....................
3,000
3,000
4,000
6,000
Low M iddling.... . . . . . . . . . . . . . 9-24 9-24 9-24 9-31 9-31 9-31 Stock a t B arcelona......
88,000
63,000
93,000 102,000
M iddling...... . . . . . . . . . . . . . . . . . . 9%
9°8 9 11™ 9 l h * 9 u i«
9«s
52,000
76,000
, 21,000
34,000
Good M iddling,,..... . . . . . . . . . . 0-94 9-94 9-94 10-01 1001 1001 Ito c k a i T rieste.
6,000
25,00®
6,000
14,000
10-42 10-42 10-42 10-49 10-49 10-49
Middling F a ir ............ .
. 442,000 483,200 645,200 759,200
STAINED.
S a t. HEost T n e s W e d aria. W t l .
Total European stocks_ 1,402,000 1,213,200 1,185,200 2,126,200
_
32.000 109.000
India cotton afloat for Europe 111 ,000
S2,000
Low M id d lin g ...... . . . . . . . . . . . . 7 ’87 7-87 7*87 7-94 7-94 7-94 A m er.cottonafioatforE ’rope. 101,000 197.000 122,000 122.000
Middling... .. . . . . . „ . . . . . . . . . . . . 8-87 8-87 8-87 8 9 4 8-94 8‘84 Egypt,Brazil,Ac.,aflt.for Efpe 42,000
21,000 14.000 24,000
Strict Low Middling Tinged... 9-03 9-03 8 03 9-10 9T0 9-10 Stock in Alexandria, E g y p t... 100,000 153.000 109.000 128,000
Good Middling T in g e d ......... 9 37 9-37 9-37 9-44 9-44 9-44 Stock in Bombay, I n d ia ....... 505,000 615.000 311.000 640,000
po
389,618 412,361
The quotations for middling upland at New York on Stock in United States towrts.. 148,170 344,250 218,742 630,108
Stock In U. 8. interior
ns,.
136,028 823,082
June 13 for each of the past 32 years have been as follows.
7.496
2,894
11,280
United States exports to-day.. 11,362
1 9 02.... C. 9*16 1894. ...0 . 75lfl 1886. »S.C. 9^16 1878.. ..c .llifl
Total vlBible su pply.......2,810,150 3,040,705 2,135,466 4,110,670
1877.
1885.
1 9 0 1 ...... 8% 1893.
Of the above, totals of American and other descriptions are as follows:
1876........ 12ii«
1884.
1 9 0 0 ...... 91is 1892.
A m e r ic a n —
1875,.......153s
1 8 9 9 ...... 66is 1891. «»**-■ 89ia 1883.
Liverpool s t o c k . . . . . . b a l e s . 821,000 588,000 414.000 1,283,000
1882. .....123-18 1874........18
1 8 9 8 ...... 6yi$ 1890. .....1 2 H
Continental s to c k s ....... . . . . . 387,000 409,000 614.000 684,000
a
1881. .....1 U 1 6 1878. ....201
1 8 9 7 ...... ? n ie 1889.
1880. .....1 2
1872.. ....2 6 3 American afloat for E urope... 389,618 412,361 218,742 630,108
4 United States s to c k ............... 101,000 197,000 122.000 122,000
1 8 9 6 ...... 7*16 1888. ..,,.1018
1871.. ....2 0
1 8 9 5 ...... 734
1887. .....11516 1879. .....121816
United States interior stocks. 148,170 344,250 186,028 823,082
Note .—OnO ot. 1,1874, grades ol cotton as quoted w ere changed. United States exports to-day.. 11,882
7,498
11,280
2,894
Aecordlngfco the new classification Middling was on th a t d ay quoted
Total A m erican............1 7 8 5 8 ,1 5 0 1,953,505 1,512,266 3,058,470
Sgc, low er th a n Middling of th e old classification.
M ast I n d i a n , B r a s i l , &c —
HtABKBT AND SALES,
76.000
Liverpool stock........ .
127,000 183.000 117.000
5,000
9,000
9,000
London s to c k ..... . . . . . . . . . . . . .
12,000
The total sales of ootton on the spot each day during the Continental sto c k s.... ......... 55,000
75,209
74,200
31,200
week are indicated in the following statement. For the India afloat for E u ro p e........ I l l ,000 82,000 32.000 109.000
21,000 14.000 24.000
convenience of the reader we also add columns whioh show Egypt, Brazil, &e., afloat,. . . . . 42,000 153.000 109.000 128.000
100,000
at a glance how the market for spots and futures closed on Stock in Alexandria, E g.y. p t... 505,000 615.000 311.000 640,000
Stock in Bombay, Indlt .. .. .
same days.
Total E ast India, A c....__ 952,000 1,087,200 623,200 1,057,200
Total American.
. 1,858,150 1,953,505 1,512,266 3.053,470
Sales os Spot A Oohtbaot
Total visible su p p ly .......2,810,150 3,040,705 2,135.468 4.110,670
Spot Market FUTURES
Market
5il9d. 4i»sad,
5h9d, Sis^d,
Middling Upland, Liverpool.
Closed .
E x­
Oon- C on ­
Closed . p o r t . su m p . tra ct. S o ta l. Middling Upland, Hew York..
97iac.
S^sev
9L<jC.
Egypt Good Brown, Liverpool
Tiled.
6<h«d.
6 VI.
5#i«d
7d
7d.
7 VI.
flV f
2,480 Feruv. Bough Good, Liverpool
205
S atu rd ay .. Quiet_________ B’rly steady. 2,275
Broach Fine, Liverpool.,.. . . . 4iSted.
4t>ied.
5 VI.
Si’aad
28 3,400 8,428
Monday__ Q u ie t............ B’rly steady,
4Vi.
4VI.
4-Vi.
250 Tinnevelly Good, Liverpool...
Q u i e t . . .. .. . S teady. .....
260
T uesday...
Wednesday Q’t& s t’y»1iefi<5- B’rly steady.
Continental imports paafc week have wen 98,000 tvUv
225
225
....
Thursday.. Q ulet... . . . . . . . . . Quiet........
The above figures indicate a deormm in 130'3 of 280,555
600
500
F rid a y ..... Firm ................... Quiet & st’dy
bales as compared with same date of 1901, a gain of 674,6$ i
•V M m^ KHIV 2,775
Q m.01 SB *
*B
Total.
708 3,400 6,883 bales over 1900 and a declin e of 1,800,590 bales from l$v9.
UPLANDS.

Sait. M om T m ©s w®«a

W ti.

TH E

June 14, 1902.]

CHRONICLE.

1261

(Quotations f o r M id d l in g C otton at O t h e r M a r k e t s .—
AT the Interior Towns the movement—that Is the receipt*
for the week and sinoe September 1, the shipments for the B elow are d o sin g q u otation s of m id d lin g c o tto n a t S outhern
Week and the stocks to-night, and the same items for the and other prinoipal co tto n m arkets for each d ay of th e w eek .
sorresponding period of 1900-01 — set ont in detail below.
is
GLOBING QUOTATIONS FOIt MIDDLING COTTON ON—
| | P ? S 9

June

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The above totals sh ow that the interior stocks have de

tre a te d during the week 11,601 bales, and are to-night 196,080
bales

leas

than at same period last year.

The receipts at ait

towns have been 22,392 bales less than same week last year.
Overland Movement fob the Week and Since Sept. 1,—
W e give below a statement show ing the overland movement
for the week and since Sept. 1, as made up fro m telegraphic
reports Friday night.
The results fo r the week ending
June 13 and since Sept, 1 in the last tw o years are as follows.

1901-1902.
June

13.
W eek.

M in ce
S e p t . 1.

1900-1901.
W eek.

S in e *
S e p t. X.

S h ip p e d —

Vi* St. T.nn!«,„T- ____ _
Via C airo ........................ ..
Via Paducah.......................... .. .
Via Rook Isla n d ....... ............
Via L o u isv ille.-— . . . . . . __ _
Via C in cin n ati.................
Via other routes, & o _ _ .____ ...
Total gross overland.......... ...

D e d u c t s h ip m e n t!—

Overland to W. Y .,B oston, &o..
Between In terio r tow ns.........
In lan d , <bo., from South______

3,704
1,007

7,993 833,410
1,907 226,669
5,101
190 58,208
534 131,263
1,376 107,084
2,987 264,070
6,512 1,606,963 15,047 1,625,805
801,000
148,425
1,192
38,093
708 191,553
180 89,497
963 342,203
630
1,704

357,580
62,213
59,054

2,991 418,711
127
98,266
1,788
74,954

2,334 478,847 4,906 591,931
T o ta lto be deduoted__ __
Leaving to ta l n e t overland*.. 4,178 1,128,116 10,141 1,033,874
* Including movement by rail to Canada.
T h e fo re g o in g sh o w s t h a t th e w e e k ’s n e t o v e rla n d m o v e m e t t
th is y e a r h a s b ee n 4,178 b ales, a g a in s t 10,141 b ales f o r th e
w eek in 1901, a n d t h a t fo r th e season to d a te th e a g g re g a te n e t
o v erla n d e x h ib its a n excess o v er a y e a r ag o of 94,242 bales.
1901-1902.
1900-1901.
I n M ig h t a n d B p i n n e r t ’
T a k in g * .

W eek.

S in c e
8e.p t. 1.

S in c e
S e p t. 1.

Receipts at ports to June 13........ 20,386 7,318,767 51,907 7,214,467
Wet overland to June 13................ 4.178 1,128,116 10,141 1,033,874
Southern consumption co June 13 37,000 1,471,000 33,000 1,296,000
T otal m arketed..... .................. 61,834 9,917,883 95,048 9,544,341
m terlor stocks In excess.............. *11,601
18,905 *25,900 299,623
Came Into sight during week. 49,933
69,148
Total In sight June 13........ .
9,936,788
9,843,664
Worth’n spinners ta k ’gs to J ’ne 13 5,365 2,019,272 19,892 1,842,380

* Decrease during week.

Movement into sight in previous years.

9H

9
9
9*8
9
!)i4
9»s
93a
9«8
93ia
9
9h«
9*8
914
8H
1

A thene...........
A tlanta...........
Charlotte........
Columbus, Ga.

wm o o

M
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0*.fcOm©• < M3 © M3C •
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5

S a tu r .

Galveston...
New Orleans
Mobile........
Savannah...
Ohftrlftftton..
Wilmington.
Norfolk......
Boston........
Baltim ore..
Philadelphia
A ugusta__
Memphis__
St. Louis__
H ouston__
Cincinnati..
Little Rook.

Afon.

Tue*.

W ednes.

914
914

9t(
«516
9
9ie

9

9
9q
930
93a
90e
93ia
9
9h«
918

9»4
914
0i4
9<q 8
95ia
9&
ia
9
9
9
918
918
9ie
9
9
918
9H
914
914
9*8
9he
9he
938
938
93a
9 ll1
H
911 IB
9111 ,
9:ila® 14 9»je®i4 & %
•*! 'W
9
91)8
9lia
9iie
9i8
918
918
9 ti
914
914
8%
8%
8%

9
918
914

938
93s
983
6318
9
9iia
918
914
8%

914

8%

T tiuru.

F ri.

The closing quotations to-day (F rid ay) at o th e r im portant
Southern markets were as follows.

C
O
05 to
<1 H
J
to
IO > to
M
a>aocD©»-©ioM»-‘tocD©©<i*‘< )0*-1 q*o c< o iw *© c -*
iC
&j c £< coc *>
C < MW*0< HjOHto ©> N C 050500MC»
7J
»
1
* *> > O
JjO j^pWOO W JO O
O O
<1^ O ©^ © M © © ©©
IO
© * C < C C C 0000QC <
> n 1 DJ O
i
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© O © CCG©OD O
»C M fca© D O O C C tO »lP**J©
l**l^C D O © C t^*3**
J»G C M © 0W
CR^t0M t000<lCXait0<ICDi-*<ICCOtf;-l-‘CDW00^t002<lt0OaD0^O
W
i

I-*>
K oh; M
> M
f*
H
>
m
MHif.<iwwMW
m M-aao^j m jaM
®ao' C0W-J®o>w; ^ ao7pAJbsb»ooia
u V e ^ ffib 1 |^®»OtO©OMtO®®“>-'QD»Oi-J©CBIO®<J
VT-® a #»c»cnlolas-*
>
© H
W
>
-gto- ^03®0 <*©. ©ai®H©OCXl-®Ul©©WC^CI-‘tCU'«l-OI

13.

W eek—
B a le s .
S i n c e S e p t. 1—
B a le * .
1 9 0 0 -June 15................... 4 1 ,6 3 0 ----------- " 15....... 8,739,440
1899-00—June
1809—.June 16..................... 48.666 1898-09- June 16.......... 10,824,987
1 8 9 8 -June 17..................... 35,894 1897 98—Juno 17.......... 10,758,003
189 7 - June 18................... 17,996 1896-97—June 18......... 8,272,975

9Q
9 i10
9^8
9

Columbus, Miss 8 ^
E ulaula.......................
Louisville....... 9 ]8
Montgomery... 8%

Nashville........
Natohez__ . ..
R aleigh...........
Shreveport__

9
9*9
9^
9

N e w Or l e a n s Option Ma r k e t ,—T he high est, low est an d
closing quotations for leading options in th e N ew O rleans
co tto n m a rk e t th e p ast w eek h ave been as follows.
S a t ’d a v .
J u n e 7.

J uly—
R ange__
Closing...
August—
Range__
Closing...
Sept ’bek—
R ange__
Closing...
October—
R ange...
Closing...
Dec’ber —
R ange__
Closing..
T one—
Spots. .. ..
Options...

M o n d a y , T u e s d a y , W e d ’d a y , T h u r s d a y F r i d a y ,
J u n e 9. J u n e 10. J u n e 1 1 J u n e , l*z. J u n e 13.

9-23®-27 9-26®*3S 9-33®-38 9'31®*40 9-23®‘36 917®-24
9-26®-28 9,31®,32 9*37®-33 9-30®-31 9-22@-23 9-21®-22
8*53®-59 8-53®-63 8-60®-65 8'55®-67 8-55®-61 8-55®-64
8'55®‘56 8-56®-57 8-62®-63 8'55®'56 8-55®'57 8-62®-63
8’03®’0P 8-06®15 8*14®-22 8‘13®’25 8'12®‘18
8-05®06 8-09®-10 8-19®-20 8-13® 14 8-12®-13
7'73®'7 7 7-80®-84 7-85®-96 7-87®-80 7-85®‘91
7-74®-75 T 'S l® ^ 7*94®-95 7-86®'87 7-87®-8f

8-l2®-22
8'19®'20
7-8 5®-95
794®-&5

7-63®-75 7-70 a *75 7*74®*8t 7-77®-90 7-76®-S2 7 76®-87
7'64®‘65 7-72®-73 7-84®-8 f 7-77®-78 7-78® 7.1 7-85® Steady.
Quiet.

Firm.
Steady.

Steady.
Steady.

Steady.
Quiet.

Steady.
Quiet.

Steady.
Quiet.

W ea t h e r R ep o r t s b y T e l e g r a p h . —T elegraphic ad vices
to u s this even in g denote th at except in districts along th e
A tla n tic dry w eather has been q uite general at the South
during ^the w eek. Our G alveston correspondent sta tes that
lack of m oisture in Texas is b ecom ing a serious m enace to
grow in g crops, and from A labam a and sections of A rkansas
and Tennessee there are com plaints th a t rain is needed.
Galveston , Texas.—Lack of sufficient m oisture is a general
com plaint in Texas and is becom ing a serious m enace to
g row in g crops. W e have bad no rain the past w eek. The
therm om eter has averaged 83, ranging from 78 to 88.
Brenham, Texas,—W e have had no rain during the w eek.
The therm om eter has ranged from 66 to 97, averaging 83.
Abilene, Texas.—It has been show ery on tw o days of the
w eek, tbe rainfall reaching four hundredths of an in ch , A v ­
erage th eim om eter 81, h igh est 94, lo w est 68.
Dallas, Texas,—D ry w eather has prevailed a ll the w eek.
The therm om eter has averaged 86, th e h igh est being 102 and
the low est 70.
Corpus Christi, Texas,—R ain has fa llen very lig h tly on
one day of the past w eek, the rainfall reaching but tw o h u n ­
dredths of an inch. Tbe therm om eter has averaged 79,
ranging from 72 to 86.
Henrietta, Texas.— W e have bad no rain during the w eek.
The therm om eter has ranged from 67 to 100, averaging 84.
Huntsville, Texas,—The w eather has been dry all the w eek.
A verage therm om eter 80, h igh est 97, low est 62.
Kerrville, Texas,—There has been no rain th e past w eek.
The therm om eter has averaged 78, the highest being 96 and
the low est 60,
Lampasas, Texas,—W e have had no rain d uring the w eek.
T he therm om eter has averaged 82, ran gin g from 65 to 99,
Luling, T exas—Dry w eather has prevailed all the w eek,
The therm om eter has ranged from 65 to 98, averaging 82.
Palestine, Texas.—There has been no rain th e past w eek.
A verage therm om eter 82, h ighest 96, low est 68.
Paris, Texas ,— W e have had no rain during the w eek.
The therm om eter has averaged 84, the h ighest being 98 and
the low est 69.
San Antonio, Texas.—W e have had no rain during th e
w eek. The therm om eter has averaged 81, ran gin g from 68
to 94.
Cuero, Texas.—It has been d iy all th e w eek. The ther­
m om eter has ranged from 87 to 99, averaging 83.
Weatherford, Texas.—W e have had a trace of rain on tw o
days d uring the w eek. A verage therm om eter 86, highest
101, lo w est 71.
Longview, Texas.—There has been no r a in d u iin g th e w eek.
The therm om eter has averaged 85, the highest being 102 and
the low est 68.
New Orleans, Louisiana —W e have had no rain th e past
w eek. The therm om eter has averaged 83.
Shreveport, Louisiana. — W e have had no rain d uring th e
past w eek. The therm om eter has ranged from 68 to 98, a v ­
eraging 84.

1262

THE

lU isai*M ppi. — We have had no rain during the
Average thermometer 85, highest 100, lowest 70.
Vicksburg, Mississippi.—
-There has beau no rain the past
week. The thermometer has averaged 83, ranging from 70
to D?.
H elen a, A r k a n sa s
Crops are do ing well as a whole, hut
£01116 Lit6t1 rain. First bloom received on the 10th, against
the 35th la u year. Rain has fallen ou one day of the week,
to the extent of thirteen bund re it ns of an inch. More in
some sections m the vicinity. Average thermometer 80,
highest 05, lowest 61,
M em p h is, Tennessee .—Tne wea‘her has been dry all the
week. Crop outlook good. The thermometer has averaged
80*3, the highest being 98 an l the lowest 81-2.
Nii&hviUe , T en nessee. —Crops are in good condition, bnt
need moisture, although there ia no suffering as yet. We
have had light rain the past week, the rainfall reaching
twenty-four hundredths of au inch. The thermometer has
averaged 75, ranging from 53 to 98.
M obile, A la b a m a . -The weather has been hot and dry all
the week and cotton is being injured by drought. There are
some serious complaints, particularly from up'aods. The
thermometer has ranged from 69 to 93, averaging 83,
M o n tg o m e ry , A la b a m a ,—There has been no rain the past
week, Drought continues, corn is suffering, and cotton be­
gins to need moisture. Average thermometer 83, highest 97,
lowest 68.
M a d iso n , F lo r id a .—Rain has fallen on one day of the past
week, the rainfall reaching one inch and eighty-five hun­
dredths. The thermometer has averaged 83, ranging from
63 to 95.
S a v a n n a h , G e o rg ia .— W e have had heavy rain on two
days during the week, to the extent of thirty seven hun­
dredths of an inch. Average thermometer 77, highest 94,
lowest 66.
Augusta, Georgia.— We|have had rain on three d lys daring
the week, the precipitation being one inch and forty-seven
hundredths. Tne thermometer has averaged 78, the highest
being 93 and the lowest 64,
C h a rle sto n , S o u th C a r o lin a ,— W e have had rain on two
days during the week, the precipitation reaching forty-f rar
hundredths of an inch. The thermometer has ranged from
67 to 89, averaging 77.
S ta te b u r g , S o u th C a r o lin a . —We have had heavy rains on
three days of the week, with high winds on Saturday and
Sunday; also destructive hail, doing damage over limited
area. Nights are still cool. The rainfall reached two inches
and fourteen hundredths. The thermometer has averaged
77,pranging from 61 to 93.
G ree n w o o d , S o u th C a r o lin a , —Rain has fallen on one day
of the week, the rainfall reaching forty-three hundredths of
an inch. The thermometer has ranged from 65 to 90, aver­
aging 77.
C h a r lo tte , N o r th C a r o lin a .—Grog's are progressing well.
We have had rain during the week, to the extent of sixty
hundredths of an inch. The therm om eter has averaged 78,
ranging from 58 to 93.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o’clock June 13, 1903, and June 13, 1901,
C o lu m b u s,

week.

June 1 2 , ’0 2 . June 1 3 / 0 1
Feed.
Feet.
30 0
2 8 -6
60
1 4 -8
278

7 -9
1 3 -6
2 -9
1 7 -2
2 4 -8

N e w O r le a n s .,.,,,,. . . . . . . A b o v e s e r o o f g a u g e .
M e m p h is ...........
W a s h v U le ........ ..
S h r e v e p o r t..... .. .
Y i o k s b u r g , . . . ............

[Vol. LXXIV,

CHRONICLE.
A l e x a n d r ia R e c e i p t s

Receipt* a tB om bay —

...

Week.

Since
Sept. 1 .

Week.

2 5 ,0 0 0 2 ,0 2 2 ,0 0 0

For
E x p o r t*
fr o m —

1900 01

G reat
B r ita in .

4 8 ,0 0 0 1 ,7 7 2 ,0 0 0

the W eek.
C o n ti­
n e n t.

Since
Sept. 1.

1 8 9 9 -1 9 0 0 .

Week.
5 ,0 0 0

Sines
MepL 1 ,
8 7 4 ,0 0 0

S in c e S e p te m b e r i .

T o ta l,

G rea t
B r ita in , _

C o n ti­
n e n t.

feiat

Bombay—
1 9 0 1 -0 2 ..
1 9 0 0 -0 1 ..
1 8 9 9 0 0 ..
C a lc u tta —
1 9 0 1 -0 2 ..
1 9 0 0 - 0 1 ...
1 8 9 9 -0 0 ..

M ad ras-

1 9 0 1 -0 2 .
1 9 0 0 -0 1 ..
1 8 9 9 -0 0 ..
A ll o th e rs —
1 9 0 1 -0 2 ..
1 9 0 0 -0 1 ..
1 8 9 9 0 0 ..

1 ,0 0 0
2 ,0 0 0
2 ,0 0 0

1 ,0 0 0
2 ,0 0 0
2 ,0 0 0

7 ,0 0 0
6 5 ,0 0 0
4 ,0 0 0

4 6 0 ,0 0 0
5 1 9 ,0 0 0
8 2 ,0 0 0

4 6 7 ,0 0 0
5 8 4 ,0 0 0
8 6 ,0 0 0

1 ,0 0 0
1 ,0 0 0

1 ,0 0 0
1 ,0 0 0

3 ,0 0 0
3 ,0 0 0
1 ,0 0 0

”• 3 5 ,0 0 0
8 2 ,0 0 0
2 0 ,0 0 0

3 8 ,0 0 0
3 5 ,0 0 0
2 1 ,0 0 0

1 ,0 0 0

2 ,0 0 0

3 ,0 0 0

2 ,0 0 0
8 ,0 0 0
2 ,0 0 0

7 ,0 0 0
1 3 ,0 0 0
8 ,0 0 0

9 ,0 0 0
2 1 ,0 0 0
1 0 ,0 0 0

1 ,0 0 0

3 ,0 0 0
5 ,0 0 0
4 ,0 0 0

4 ,0 0 0
6 ,0 0 0
5 ,0 0 0

2 ,0 0 0
9 ,0 0 0
2 ,0 0 0

* 7 9 ,0 0 0
8 8 ,0 0 0
5 7 ,0 0 0

8 1 ,0 0 0
9 7 ,0 0 0
5 9 ,0 0 0

7 ,0 0 0
8 ,0 0 0
6 ,0 0 0

9 .0 0 0
8 ,0 0 0
7 ,0 0 0

1 4 ,0 0 0
8 5 ,0 0 0
9 ,0 0 0

5 8 1 ,0 0 0
6 5 2 ,0 0 0
1 6 7 ,0 0 0

5 9 5 ,0 0 0
7 3 7 ,0 0 0
1 7 6 ,0 0 0

m om o
m m

.hr----

1 ,0 0 0

T otal all—
1 9 0 1 -0 2 ..

2 ,0 0 0

1 8 9 9 - 0 0 ...

i , ‘ o'6
o

le o o -o i..

* R e v is e d .

S h ip m e n t s

of

Cotton.

A l e x a n d r i a . k tg y p i,
J u n e 11,

1 9 0 1 -0 2 .

1 9 0 0 -0 1 ,

1 8 9 9 -1 9 0 0 .

R e c e ip ts (o a n ta rB * ) T h i s w e e k . , ..............„„„
S in c e B e p t, 1 . . . . . . . .

8 ,0 0 0
6 ,4 6 3 ,0 ) 0

4 0 ,0 0 0
5 ,8 5 0 ,0 0 0

2 ,0 0 0
6 ,4 3 1 ,0 0 0

Since
Sept. 1 .

ra w

w eek.

E x p o r t s (b a le s ) —
to L i v e r p o o l . . . . . . . . 3 , 0 0 0 3 0 9 . 0 0 0
T o C o n t i n e n t i . . . . . . 1 0 ,0 0 0 4 7 8 .0 0 0

This
Since
This
Since
week. Bept. 1 . week. Sept. 1.
1 ,0 0 0 2 9 7 .0 0 0
6 ,0 0 0 2 8 2 .0 0 0

3 8 0 .0 0 0
5 0 0 0 8 8 4 .0 0 0

T o t a l E u r o p e _____ 1 3 , 0 0 0 7 8 2 , 0 0 0
7 ,0 0 0 6 7 9 ,0 0 0
* A o a m a r la 9 8 p o u n d s
» O f w h ic h t o A m e r i c a i n 1 9 0 1 - 0 2 ,9 8 ,8 7 4 b a le s ; i n
h a le s ; in 1 8 9 9 -0 0 . 0 8 .2 9 2 b a l e s .

5 ,0 0 0 7 6 4 ,0 0 0

1900-01, 4 8 , 3 6 7

Ma n c h e s t e r Ma r k e t . -O u r re p o rt re c e iv e d by cab le
to-nigh t from Manchester s ta te s t h a t th e m a rk e t is steady
for yarns and quiet for shirtings. The demand for both
yam and cloth is poor. We give th e p rices for to -d ay below
and leave those for previous w eeks of th is an d last y e a r for
co m p ariso n .

1902
Hq tbs. Shirt­ Ootfn
3 2 * Cop. ing,», common Mid.
Twist.

Gplds

to finest.

M ay 9
“ 16
“ 28
“ SO
J ’n e 6
“ 13

s.
d.
d.
5
7 i i 1« 'a > 8 'h a
7 H i 0 » 8 7 la
7 \ ® 8q 5
7*8 © 8 ^ 8 5
7<% © 8 % 6

7% ©Sq

E u ro pea n

d.
a.
6 ©8

d.
iq

5 ©8
4q<*8
5

iq
1
iq

5 5 ©8 1
6 5 ®8 1

1901.
tbs. Shirt­ Oott’n
Oop. ings, common Mid.
Twist.
XJpkls
to finest.
8q

82*

a . d.
B. d .
5 1 ©7 9
7q
5 1 ©7 9
q ©aq 5 1 © 7 9
?q
5 1 ©7 9
s
iq»7 ioq
7q
5 2 ©8 0

d,
d,
d.
6 332 7 6 16 © 8 %
© 83b
7
sq
© sq
5 b32
5
® 8 Bi s
5 * 1 6 7 Bi a ® 8 Bi 0

C otton C onsumption

to

J une

1 .—

d.
4 H 82
4 H 32
41188
43b
421aa
4 1 9 32

B y cable

to-day we have Mr. Ellison’s cotton figures brought down to
June 1. We give also revised totals for last year th a t
comparison may be made. The spinners takings in a c tu a l
bales and pounds have been as follows:
Oct.

1

to June

9real Britain,

1

Continent.

Total,

F o r 1 6 0 1 -0 2 ,
2 ,4 2 1 ,0 0 0
3 ,6 9 5 ,0 0 0
T a k in g s b y B p ln n e r s ...b a le s
6 ,1 1 6 ,0 0 0
503
A v e ra g e w e ig h t o f b a le s .lb s
490
4 9 5 -1
T a k i n g s i n p o u n d s ------. . . . . . 1 , 2 1 7 , 7 6 3 , 0 0 0 1 , 8 1 0 5 5 0 , 0 0 0 3 , 0 2 8 , 3 1 3 , 0 0 0
F o r 1 6 0 0 -0 1 .
2 ,3 1 6 ,0 0 0
T a k in g s b y s p in n e r s .. .b a le s
3 ,4 5 9 ,0 0 0
5 ,7 7 5 ,0 0 0
A v e ra g e w e ig h t o f b a le s .lb s
487
511
4 9 6 -8
T a k i n g s t n p o u n d s ------- ------- 1 , 1 8 3 , 4 7 6 , 0 0 0 l 6 8 4 , 5 3 3 , 0 0 0 2 , 8 6 8 , 0 0 9 , 0 0 0
A c c o r d i n g to the above, the average weight of the deliveries
in Great Britain is 503 pounds per bale this season, against
511 pounds during the same time last season. The Continental
deliveries average 490 pounds, against 487 pounds last year,
and for the whole of Europe the deliveries average 495 T
pounds per bale, against 496’6 pounds last season, Our
dispatch also gives the full movement for this year and last
rear in bales of 500 pounds.
1 9 0 1 -0 2
Oct 1 to June 1.
Sales of 5 0 0 Lbs. each,
Great Conti­
OOOs omitted.
Britain nent,

1 9 0 0 -0 1 .

Total.

Great Conti
Britain n e t u .

Tolu-

49,
S p in n e r s ’ s to c k O c t. 1
T a k i n g s t o J u n e 1 ___ 2 4 3 5 ,

317,
3 ,6 2 1 ,

366,
6 ,0 5 6 ,

47,

324

2 ,3 6 7 .

3 ,8 6 9

371,
5 ,7 3 6 ,

2 ,4 8 4 ,

3 ,9 3 8
3 ,1 5 0 ,

6 ,4 2 2

2 ,4 1 4 ,

2 ,2 3 0

5 ,3 3 0

2 ,2 4 6 ,

3 ,6 9 3 ,
3 ,0 8 0 .

6 ,1 0 7 ,
5 ,3 2 6 ,

254

788,

1 ,0 4 2 ,

S u p p l y ........................
O o n s u m p t ’n , 3 5 w e e k s

I n d i a C o t t o n M o v e m e n t f r o m a l l F o r t s . — -The receipts
S p i n n e r s ’ s t o c k 3 ’n o 1
af cotton at Bombay and the shipm ents from all India ports
for the woek ending June 13, and for the season from Sept. 1 Weekly Consumption,
0 0 0 * omitted.
to June 12 for three years have been as follows:
1 9 0 1 -0 2 .

and

168

In O c to b e r .........
I n N o v e m b e r ............
I n D e c e m b e r ............

*60,

90,
90,

150,
156,

*50,

66,
66,

156,

90,
90,

156,
152,

66,
66,
60,

T n M a r c h ................... ..

66,
66,
t6 2 ,

90,
90,

156,

In J a n u a ry ..........
I n F e b r u a r y . . . . ___
I n A p r i l . . .......................
I n M a y .........................

t6 2 ,
162.

90,
90.

152,
152,

66,

66,
66,

613

781,

88,
83,

188,
154,

88,
88,

154,
154,

88,
83,
88,

154,
154,
154,

154
66,
83,
* T b e a v e r a g e w e e k ly r a t e o f c o n s u m p tio n In G r e a t B r ita in In e a c h
y e a r is a s g iv e n b y M r. E llis o n , a f t e r a llo w in g f o r s to p p a g e o f s p in d le s
In c o n s e q u e n c e o f a b o r t s u p p l y o f c o t t o n .
1 T h e a v e r a g e w e e k ly c o n s u m p tio n re d u c e d o u a o o o u n t o f s to p p a g e
o f s p in d le s d u rin g th e m o n th , o r f o r W h its u n tid e h o lid a y s

The foregoing shows that the weekly consumption is now
153,080 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 5,000 bales during tbe month, and are now
361,000 bales more than at the same date last season.
J ute B utts, Bagging. &o. —
There has baen very little
demand for jute bagging during the week under review,
but pricei are unchanged at 5%o. for 1% lbs* and 5sjc . for
3 lbs., standard grades. Car loti of standard brands are
quoted at 5%@8c., f. o. t>., according to quality. Jute butts
duil a id nominal at
for paper quality and
3>£c. for bagging quality.
G o vern m en t W e e k l y C otton R e p o r t .— Mr. Ja m e s Berry,
Chief of the Climate and Crop Division of the 0 . 8. Weather
Bureau, made public on Tuesday the following telegraphic

THE

J une 14, 1902.)

r e p o r ts o n t h e c r o p in t h e S o u th e r n S ta t e s f o r t h e w e e k e n d ­
in g J n n e 9.
N o r t h C arolina ,.—Loottl show ers beneficial, b u t o v e r la rg e r p o rtio n
of S ta te d ro u g h t serious; blossom s re p o rte d on e a rly co tto n .
So u t h C a r o l in a .—D ro u g h t haw seriously Im p aired all jr o p s o v er
th e w estern h a lt of th e S tate; c o tto n reo o v e ilu g from p re v io u s oool
w e a th e r an d Helds a re ex c ep tio n ally w ell c u ltiv a te d ; bloom s re p o rte d ,
sq u a re s p le n tifu l; a g en e ral ra in w ould bo of g r e a t benefit.
G e o u o ia . - Show ers In m any co u n ties la tte r p a r t of w eek w ere b e n e ­
ficial, alth o u g h m ore m o istu re Is required; o o tto n c o n tin u es p ro m is­
in g , b ein g g e n e ra lly w ell c u ltiv a te d w ith good sta n d s; c o tto n bloom ­
in g In e x tre m e sou th ; lice h ave a p p e a re d In sc a tte re d lo calitie s.
F l o r id a . - R ains In su fficien t,Irreg u lar, e x o e p t o v e r H unted p o rtio n s
of w estern a n d n o rth e rn d istric ts, w here fa irly s a tisfa c to ry ; o o tto n
g e n e ra lly clean an d grow ing; ra in s needed.
A labam a —F ew local show ers, b u t g en erally d ry a n d h o t; d ro u g h t
u n b ro k e n in m any n o rth e rn counties; g en e ral rain needed; ea rly o o t­
to n sm all h u t h ea lth y , sq u a rin g generally; la te c o tto n Inferior.
M is s i Ss i p i .—Ho t week; l'ew sc a tte re d show ers; cro p s w ell c u ltiv a te d ;
d ro u g h t becom ing In ten se In m any e a s te rn co u n ties, effects n o t s e ri­
ous; c o tto n g e n e ra lly h ea lth y , m a k in g good g ro w th , b eg in n in g to
bloom .
L o u isia n a .—Dry, liot w eek; ootton v ery ir re g u la r In size, b u t g e n e r­
ally doing w ell, e x c e p t in som e localities, w h ere lice a re d a m a g in g
p la n t; ra in w ould Im prove crop.
T e x a s .—H ot and dry; serious drought Im m inent In eastern half of
State; cotton n ot y et seriously affected by dry w eather, is m aking
good, h ealthy growth, and In lim ited areas only Is It being Injnred by
boll w eevil and lloe; plant fruiting w ell, blooms becom ing general, and
in southern portion b ells are In evidence.
A r k a n sa s .—W arm an d generally c le a r w ith sc a tte re d show ers; crops
m a d e good g ro w th , c u ltiv a tio n p ro g re ssed ra p id ly ; o o tto n g e n e ra lly
clea n , h e a lth y an d v ig o ro u s, b u t g rassy w h ere Im p ro p e rly c u ltiv a te d .
T e n n e s s e e .—H eavy local rains In w estern d ivision on the 3d and 5 th
and local show ers in m iddle and eastern division s on the 6th and 7th;
w eek generally favorable for cu ltivatin g young crops, w hich are
clean and grow ing finely, but In m any places needing m o ie rain. Cot­
ton prospects unusually prom ising.
O k la h o m a an d I n d ia n T e r r it o r y .—Cotton being cu ltivated .
M is s o u r i .—Som e c o tto n fo rm in g sq u ares.
T h e s e r e p o r ts a r e s u m m a r iz e d b y t h e D e p a r t m e n t a s
f o llo w s :
Rain la very generally needed throughout the cotton belt, ex cep t over
the northern portion of the central districts. The effeots of drought,
how ever, are not y e t serious. In sects are causing injury in portions of
T exas, Louisiana and Georgia. The crop is generally w ell cu ltivated ,
exoept in the n oith ern portion of the w estern districts.
S h i p p i n g n s w s , — A o bjuowl u s a p r e v io u s p a g e , th e
• s p o r t s of c o tto n fro m th e U n ite d S t a t e s th e p a s t w eek h a v e
r e a c h e d 35,409 b a le s . T h e - s h ip m e n t s In d e t a i l , a s m a d e up
fr o m m a il a n d t e l e g r a p h i c r e t u r n s , a r e a e f o l l o w s :
T o t a l b a le *

N e w Yo r k —T o L iv e rp o o l, per ste am ei s C eltic, 250 Sea Isla n d
....G e o rg io , 3 9 2 ...........
642
To H u ll, p e r ste a m e r Buffalo, 675 ...............................................
675
To M an ch ester, p e r ste a m e r Corby C astle, 71 u p la n d a n d
56 S ea I s la n d .....................................................................................
127
To H a v re , p e r ste a m e rs L a G ascogne (ad d itio n al), 1 4 ___
L a L o rra in e . 3 6 .................................................................................
50
To H a m b u rg , p e r ste a m e rs M oltke, 8< 0 _ P re to ria , 2 5 0 ...
_
1,050
To A n tw e rp , p e r ste a m e rs B ritish T ra d e r, 2 00___F rie s ­
la n d , 8 0 4 __________________
1,004
To R iga, p e r ste a m e r Is la n d , 2 00 ..................................................
200
T o M a lm o .p e r ste a m e r Islan d , 100..........................................
100
To N a rv a p e r ste a m e r K e n tu c k y , 5 0 0 ........................................
500
To C h ristian a , p e r ste a m e r K en tu c k y , 1 00................................
100
To G enoa, p e r ste a m e rs L om b ard ia, 5 30___P a la tia (addi­
tio n a l), 3 ,7 5 8 __________________________________________
4,288
To M exico, p e r ste a m e rs M a n tan zas, 1 0 0 _ V igilaocia, 300
_
400
N e w Or lea n s T o L iv e rp o o l—J u n e 9 —Str. L o u isia n ia n , 4 3 4 ..
J u n e 13—S te a m e r B e rn a rd H all, 1 ,200................................. . 1,634
To H a v re —J u n e 13—S tea m er O leta, 4,790 .............................
4,710
To H a m b u rg —J u n e 6 - S tea m er B risg av ia, 4 ,6 1 2 .................... 4,612
To A n tw e r p - J u n e 1 3 - S tea m er O leta, 1 8 0 ...............................
180
To C o p e n h ag e n — u n e 11—S tea m er F lo rid a , 1,503 -............. 1,503
J
To G enoa—J u n e 6 - S team er A gnello C iam pa, 5 .3 6 4 ............. 5,364
G alv eston —T o A n tw e r p - J u n e 10 S tr. H o rn b y C astle, 1,802. 1,802
To V era C r u z - J u n e 9 —S tea m er S altw ell, 1,400 .....................
1,400
B o sto n — o L iverpool—J u n e 10—S team er A rm en ian , 5 1 .........
T
51
B a l t im o r e — o B r e m e n - J u n e 1 0 - S te a m e r B reslau . 4 ,2 4 5
T
4,245
P h il a d e l p h ia —To M a n ch e ster—May 31—S tea m er P la n e t N e p ­
tu n e , 1 4 2 ..............................................................................................
142
San F ra n c isco —T o J a p a n —J u n e 6—S tr. A m erica M a ra , 5 6 0 ..
550
T o t a l ...................
3 5 ,4 0 9
L iv e r p o o l .— B y c a b le fr o m L iv e r p o o l w e h a v e t h e f o llo w ­
in g s t a t e m e n t o f t h e w e e k ’s c a b le s , s t o c k s , & c ., a t t h a t p o rt.
M ay

23

M ay

30.

Bales o f th e w ee k ...........b a le s.
21,000
39.000
2,600
Of w h ich e x p o rte rs to o k ...
7,000
300
O l w h lo h sp e c u la to rs to o k .
S ales A m e ric a n ..........................
20,000
33,000
4,000
14,000
A c tu a l e x p o r t . . .........................
47,000
F o r w a r d e r . . . . . . .................... .
56,000
T o ta l sto c k —E s tim a te d ....... 1,000,000 1,004,000
Of w hloh A m e ric a n —E s t ’d. 887,000 886,000
T o ta l Im p o rt o f th e W6ek— .
37,000
76,000
Of w h A m e r i c a n ......... .
33,000
57,000
90,000
43,000
A m o u n t a flo a t........... . . . . . . .
Of w hich A m e ric a n ...............
76,000
27,000

June

6.

66,000
9,400
4,200
48,000
4,000
55,000
965,000
843,000
19,000
1,000
47,000
37,000

June

13

52,000
6,800
1,100
41,000
8,000
52,000
948,000
821,000
43,000
25,000
29,000
17,000

T h e t o n e o f t h e L iv e r p o o l m a r k e t f o r s p o t s a n d f u t u r e s
e a c h d a y o f t h e w e e k e n d in g J u n e 13 a n d t h e d a ily c lo s in g
p r ic e s o f s p o t o o t t o n , h a v e b e e n a s f o l l o w s ,

Spot.
M a rk e t, 1
12:80 v. m j

SaVday. Monday. Tuesday. Wed’day. Thursd’y Friday
Quiet

Mid. [JpTds.

5

S ales--------• pec. A exp.

6,000
600

Futures,

Qalet.
48132
7 ,0 0 0

1,030

buyers’
Fair
Firmer. Harden’d. In fayor.
dem and.
5
10,000
2,000

d ie
10.000
2 ,0 0 0

•die
12,000
2,000

1263

C H R O N IC L E .

d ie
10,000
2 ,5 0 0

Dull at
Firm at
M a rk e t ( Steady at 1*64 04 8-64 Steady, 2-64 fa 8-64 Steady at Steady.
8-64 ad­
8-64 de­
opened, j
vance.
decline. unchang’d advance.
cline.
1
Steady at Qnlet at
at
4*ar*et, i r}t,end y ptH Steady p at .l^ iR pti. 1%®2 pta. Stead yPt. Qnlet at
tr
1
JB@i pt.
4P»»
( a/1
‘
Afivunfito. advance
(Iwfillno,

T h e p r lo e a o f f u t u r e s a t L iv e r p o o l f o r e a c h d a y a r e g i v e n
b e lo w , P r i c e s a r e o n t h e b a s is o f U p l a n d s , G o o d O r d in a r y
c la u se , u n le s s o th e r w is e s t a t e d .
f y The prices are given I n pence and 6 4 IK*. T h u s .- 4 68 meant
4 63-64(1.. and 5 01 meant 5 1-64<1.
N a t.
June

7.

IT lo n .
9

June

T ne».
10.

June

W ed. T b a ri.
11. J u n e 12

June

F rl.
18.

June

12% 1 12% 4 12% 4 12% 4 12% 4 12% 4
.
P. M P.M. P.M. P.M, P.M. P.M P.M. P.M. P.M, P.M. P. M P.M.
.
d.

d.

J u n e __ ___
J u n e -Ju ly ...
J u ly -A u g . ..
A u g .-S ep t...
S ep t.-O o t. ..
OoV.Nov—
N o v .-D e e ...
D eo.-Jan_
_
J a n .- F e b ....
Ffth.-Moh. ..
1HAh .-A pril..
A p ril-M ay ..

4 50
4 55
4 54
4 46
4 33
4 25
4 21
4 20
4 20

4
4
4
4
4
4
4
4
4

d.

56 4
55 4
63 4
46 1
33 4
25 4
22 4
21 4
20 4

53
52
50
44
31
23
20
19
19

d

4
4
4
4
4
4
4
4
4

55
54
52
40
33
26
23
22
21

d.

d.

4
4
4
4
4
4
4
4
4

56
55
53
47
34
26
23
22
21

4
4
4
4
4
4
4
4
4

56
65
53
47
34
26
23
22
22

d.

4
4
4
4
4
4
4
4
4

CO 4
68 4
56 4
50 4
37 4
30 4
27 4
26 4
25 4

d.

d.

58
57
55
48
36
29
26
25
24

4
4
4
4
4
4
4
4
4

58
66
55
48
36
28
25
24
24

d.

d.

57
466
4 54
4 48
4 36
4 28
4 25
4 24
4 24
X

X

4
4
4
4
4
4
4
4

d

57 X
66 4
65 4
48 4
37 4
29 4
26 4
25,4
25 4

56
55
53
47
36
28
26
25
24

....

8 R E A D S T U F F S .
F r i d a y , J u n e 13, 1902.
A m o d e r a t e v o lu m e o f b u s in e s s h a s b e e n t r a n s a c t e d in t h e
m a r k e t fo r w h e a t f lo u r . E a r ly in t h e w e e k t h e f e a t u r e w a s
b u y in g f o r A u s t r a lia , p r in c ip a lly s p r in g p a t e n t s . D u r in g t h e
la t t e r p a r t o f t h e w e e k lo c a l jo b b e r s w e r e r e p o r te d p la c in g
o r d e r s w it h s l i g h t l y m o r e f r e e d o m , a n d t h e r e w a s a lim it e d
d e m a n d fr o m t h e W e s t I n d ie s . W in t e r - w h e a t flo u r h a s t e e n
m o r e f r e e ly o ffe r e d a n d a t s l i g h t l y e a s ie r p r ic e s . R y e flo u r
h a s b e e n in f a ir j o b b in g d e m a n d a n d fir m . C o r n m e a l h a s
b e e n q u ie t b u t s t e a d y .
S p e c u la tio n in w fc e a t f o r f u t u r e d e liv e r y h a s t e e n f a ir ly
a c t iv e , b u t fo r t h e w e e k p r ic e s s h o w o n ly f r a c t io n a l c h a r g e s .
I m m e d ia t e ly f o llo w in g c u r la s t r e v ie w t h e i e w a s a s li g h t
u p t u r n t o v a lu e s , b a s e d o n le s s f a v o r a b le c r o p n e w s fr o m
a b r o a d , a n d r a in s i n t h e w in t e r - w h e a t b e lt , w h e r e h a r v t s t in g
is in p r o g ie s s . M o n d a y t h e m a r k e t t u r n e d w e a k e r , p i ic e s
d e c lin in g
C r o p s n e w s f r o m t h e in t e r io r w a s m o r e
fa v o r a b le , s a t is f a c t o r y w e a t h e r c o n d it i o n s b e in g r e p o r te d
in b o th t h e w i n t e r a n d s p r iD g -w h e a t b e lt s . T h e F r e n c h
c r o p r e p o r t a ls o m a d e a f a v o r a b le s h o w i n g a n d in d ic a t e d
a s m a ll in c r e a s e in t h e a c r e a g e .
T u esd ay
th ere w a s
a
q u ie t
m a rk et,
a w a it in g
th e
G overn m ent
r e p o r t.
W ed n esd ay
p r ic e s m a d e a f r a c t io n a l g a in ,
b a se d o n
t h e B u r e a u r e p o r t, w h i c h m a d e t h e c o n d it io n o f t h e
w in t e r - w h e a t c r o p lo w e r t h a n e x p e c t e d , a n d r e p o r te d
a d e c r e a s e in s p r in g - w h e a t a c r e a g e o f 4 ,0 0 0 ,0 0 0 a c r e s ,
On t h e fig u r e s p u b lis h e d b y t h e A g r i c u l t u r a l B u r e a u i t i s
e s t im a t e d t h a t t h e t o t a l w h e a t c r o p w i l l b e 6 3 9 ,0 0 0 ,0 0 0 b u s h ­
e ls , a g a in s t 7 4 8 ,4 6 0 ,0 0 0 b u s h e ls la s t y e a r . I t is p o in te d c u t ,
h o w e v e r , t h a t t h e p r e s e n t in d ic a t io n s a r e t h a t E u r o p e w i l l
n e e d le s s o f o u r w h e a t t h a n d u r in g t h e p r e s e n t s e a s o n , a n d
t h a t f u l l y ie ld s o f t h e c o a r s e r g r a in c r o p s w i l l le s s e n t h e d e ­
m a n d fo r w h e a t. T h u r s d a y t h e r e w a s a fir m e r m a r k e t o n
le s s fa v o r a b le w e a t h e r r e p o r ts fr o m t h e S o u t h w e s t a n d r e ­
p o r ts fr o m t h e N o r t h w e s t t h a t M in n e a p o lis m ills h a d p u r ­
c h a s e d 1,8 0 0 ,0 0 0 b u s h e ls o f N o . 1 N o r t h e r n w h e a t . T o -d a y
t h e m a r k e t w a s fir m e r o n r e p o r ts o f u n s e t t le d w e a t h e r
a b io a d a n d f o r e ig n b u y in g .
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT IN N E W Y O R K .
S a t.

M on.

.Ash w h e a t f. o. b _____ _ Nom.
Ju ly d eliv ery In elev ....... 783a
S e p t.d e liv e ry In e le v ___ 76%
Deo. d eliv ery In e le v ....... 77%

Tuee,

N om . N om .
77*8 7753
7588 75%
76% 77

W ed.

T hun.

N om
78
75%
77

F r i.°

Nom. N om .
78%
78%
76
76%
77%
77%

DAILY CLOSING PRICKS OP NO. 2 SPRING WHEAT IN C H I C A G O .
S a t.

M on.

T u es.

W ed.

T h u rs.

F r i.

71% 71%
71%
72
72%
J u ly d e liv e ry In e le v ....... 72%
Sept, d e liv e ry in e le v ___ 71%
69% 69%
70
70%
70%
Dee. d eliv ery In elev ....... 72%
71% 71%
71%
71 % 72 %
In d ia n c o r n f u t u r e s h a v e r e c e iv e d o n ly a lim it e d a m o u n t
o f s p e c u la t iv e a t t e n t io n , a n d t h e r e h a s b e e n a n e a s ie r d r if t t o
v a lu e s . C o n s id e r a b le in ter* s t h a s b e e n s h o w n in t h e p o s it io n
o f J u ly c o n t r a c t s in t h e C h ic a g o m a r k e t , w h e r e i t is e s t i­
m a te d t h a t a lo n g in te r e s t e x is t s in e x c e s s o f 1 0,000,000 b u s h e ls .
T h e m o v e m e n t o f t h e c r o p fo r t h e w e e k h a s b e e n m o d e r a t e ,
r e c e ip ts s h o w in g a c o n s id e r a b le d e c r e a s e a s c o m p a r e d w it h
la s t w e e k , a n d c o u n tr y o f fe r in g s h a v e b e e n lim it e d . T h e a d ­
v ic e s fr o m t h e c o r n b e lt h a v e r e p o r te d t h e c r o p m a k in g f a v o r ­
a b le p r o g r e ss, a lt h o u g h a t t h e c lo s e o f t h e w e e k c o m p la in t s
w e r e h e a r d fr o m s o m e s e c t io n s o f to o m u c h r a in fo r c u lt iv a ­
tio n . T h e s p o t m a r k e t s h a v e b e e n s t e a d y , a n d o n T h u r s d a y
8 0,000 b u s h e ls w e r e r e p o r te d so ld a t o u t p o r t s f o r e x p o r t. T h is
is t h e fir s t e x p o r t s a le f o r s o m e t im e p a s t. T o -d a y t h e r e w a s
a s t e a d y m a r k e t.
DAILY GLOBING PRICES OB' NO. 2 MIXED COBH IN N S W

Hash corn f. o. b ... . . . . . .
July delivery lit e le v .......
Sept, delivery In e le v ___
Doc. delivery In elev .......
DAILY CLOSING PRICES

Tuts.

Mon,

71%
68
64%
50%
OJF NO.

70%
70%
67%
67%
63%
63%
49%
49%
2 MIXED CORN

71%
71%
67%
67%
67%
63%
63%
63%
50
50%
50%
IN C H IC A G O «

Sat.

Mon.

Wed.

lues.

Wed.

KORK,

Sat.

71%

Thurs.

Fri.

T h u rs.

Fri.

July delivery In e le v ___ 63%
62%
€2%
63%
63%
63%
Sept. delivery In elev ___ 58%
58%
68%
58%
58%
58%
44%
44%
44%
44%
Deo. delivery In e le v ........ 44%
44%
48%
May delivery in elev....... 43%
43%
43%
43%
43%
O a ts fo r f u t u r e d e liv e r y a t t h e W e s te r n m a r k e t h a v e b e e n
f a ir ly a c t iv e , b u t p r ic e s h a v e s h o w n s o m e ir r e g u la r it y .
P i i c e s fo r J u ly c o n t r a c t s f o r t h e w e e k s h o w a n a d v a n c e .
R e c e ip t s h a v e b e e n lig h t , a n d w it h s m a ll c o u n t r y o ffe r in g s
a n d b u y in g by s h o r ts to c o v e r c o n t r a c t s , v a lu e s h a v e im -

1264

rffK

(H K O N LC LJ&

-c o p
s
ver have
c
gr a v e d ,e w sT h e s nbeewe n rfa v o rdaebliv,e r ied , th o wAeg r ic,u lt u r a l dBeu linaeud, .
ro p n
ha
le a n
he
re

it w a s fig u r e d , in d ic a t e d a c r o p o f about? 900 ,0 0 0 ,0 0 0 b u s h e ls .
T o -d a y t h e m a r k e t w a s m o d e r a t e ly a c t iv e a n d fir m e r .

Daxlt OLGfUHG rnwao o r oath in N « W V O l i l i .
Mon. Tuns. Wed. r 'hurt.
Hat.

46
46
« 0 , 1 m ixed in e io v ...« „ 45%
51%
51%
t o . 3 w hite In o ie v .....* 51
d a i l y c l o s in g raiojas o r m o . 2 MIXED OATH
Mon, Tuts.
i at.
S
38%
39%
in ly delivery in elev,
38
Sept. delivery lu e le v _
JO1
*
30%
_ 31
302® 30%
®
Deo. delivery In e le v _
_ s i1
F o llo w in g a r e t h e c lo s in g q u o t a tio n s :

Fri
46%
46
47
61%
52
62%
IN C H IC A G O .

th u rt. r n .

Wed.
89%
30%
30%

39%

40
30%
30%

30%
30%

rLOUB.

P aten t, w in te r _ $3 85 « 4 10
_
Fine..,.,........... #__ a __
Superfine
2 90 » 8 00
City m ills, p atent. 4 10 « 4 55
E x tra , No,
. . . . 3 1 0 « 3 15
R yefloor,eaperflne 3 25 © 3 70
E xtra, Mo
3 X0 ®8 35
B uckw heat flour.............. » . . . .
O le a r a ..........,.^ . 8 30 © 3 6 5
Corn m eal—
W e s te r n ,e tc ,.... 3 30 © 3 35
S t r a i g h t a . . . . s 70 « 3 90
B randyw ine _
_
3 40
Patent, spring . . . 3 85 © a 65
m below th ose io r barrels,)
(W heat Hour ia racks se lls at p
QB-UW.
W heat, per b use , —
c,
o
Com, per bush.—
o.
a.
Hard M an.. iJ-' 1 ,. f .o . b .84%
W estern m ix e d ,......... 69%®71%
No. 2 m ix e d .. . . . f .o . b.71%
N’thern D aL, M o.l f. o. b.81
*ited w inter, No. 3 f. o. b,80
No. 2 y ello w .........
f. o. b.70%
Hard N, ¥ , No. 3. f, o. b.83
No, 2 w hite.............. f .o . b.70%
Oats—M ix’d,p, bush. 48% ®49
R ye, per bush—
W este rn . . . . . . . . . . . . . . . . 59 %© 65
W h i t e ........... .
50 a S 6
State and J e r s e y ,,....6 1 ®62
No. 2 m ixed ... . . . . . 47 ©48
B a rley — estern .... . . . . 7 9 ® 8‘
'W
2
N o u w hite. . . . . . . 52% ®53
Feedlnsr. . . . . . . .........N o m in a l.
* To arrive.

A gricultural D epartment 's R eport

on

Cereals , & o.—

T h e r e p o r t o f t h e D e p a r t m e n t o f A griculture, s h o w i n g the
condition o f t h e c e r e a l c r o p s o n J u n e 1, w a s is s u e d o n t h e
1 0 th in s t ,, a n d is a s f o llo w s :
Prelim inary reports of the spring-w heat aoreage in dicate a redu c­
tion o f about 2,5 1,000 acres, or 12-8 per cent. Of the 19 S tates r e ­
porting spring w heat, 13 report a reduced acreage, W ashington being
the on ly State having 100,000 acres or upward in th is product that r e ­
ports an Increase. There is a reduction of 7 4 5 ,0 0 0 acres in M innesota
and of 90o,0OQ acres in North D akota, due largely to unfavorable
w eather conditions during sow ing tim e in the Red River V alley; a re­
duction of 400.000 acres In South Dakota, resu lting in th e m ain from
an increasing tendency toward a greater diversification of crops, and
a reduction of 340,000”acres in Nebraska, consequent upon that grad­
ual yielding of spring w h eat to -winter w heat w hich is going on In
alm ost every section of the S tate.
The average condition of spring w h eat on Ju n e 1 w as 95-4, as oomi w ith 92 at the corresponding date la st year, 87-3 on June 1,
, and a ten year average of 92-6. The p resen t reported average
con d ition h as been exceeded only th ree tim es in the la st fifteen years.
Of th e S tates h avin g one m illion acres or upw ard in spring w heat,
South D akota reports a condition of 100, N orth D akota 9 6 and M inne­
sota and Iowa 95. In W ashington and Oregon, w hioh together have
over 1,100,000 acres in spring w heat, the^condition av era g es are 97
and 93, resp ectively.
The average condition of w inter w h eat on Ju n e 1 w as 76*1, as com ­
pared w ith 76-4 on May 1, 1902; 87-8 on J n n e 1 ,1 9 0 1 ; 82-7 on June
1 ,1 9 0 0 . and 80-3, th e m ean of the Ju n e averages of th e la st ten years.
D uring the m onth of May there w as a gain of 3 points in M ichigan,
Illin ois and K ansas, of 1 point in Indiana, 2 p oin ts in N ebraska and 7
p oin ts in Oklahoma. On th e other hand, there w as a lo ss of 2 p oints
In California and 3 p oints in P en n sy lv a n ia , w ith no m easurable
change in Ohio.
T h e a c r e a g e a n d c o n d itio n o f w h e a t fo r a s e r ie s o f y e a r s , a s
m a d e u p fr o m G o v e r n m e n t fig u r e s , is a s f o l l o w s :

K

ACREAGE AND CONDITION OF WHEAT ON JUNE 1.
1902.

1899.

1900.

1898.

C a l i f o r n i a ......................
O h i o ........... ........................
I n d i a n a ............................
P e n n s y l v a n i a .............
I l l i n o i s .......... ...................
M i s s o u r i .........................

60
§6
76
75
76
00
96
83

T e x a s . ..............................
O k l a h o m a ......................

57
82

T e n n e s s e e ....................
K e n t u c k y .......................
V i r g i n i a ..........................
M a r y l a n d .......................
N e w V o r k ......................

61
64
49
69
82

O t h e r w i n t e r ...............
T

ot

.

winter w

h ea t

M i n n e s o t a ......................
S o u t h D a k o t a . . . ___
N e b r a s k a ....................
I o w a ...................................
O r e g o n ............................
W a s h i n g t o n ...............
W i s c o n s i n . ....................
O t h e r s p r i n g .............
T

ot

. s p rin g

w h ea t

T o t a l a l l . ............. .

3 ,8 2 0
2 ,2 8 1
2 ,0 2 4
2 ,1 3 1
1 ,5 5 9
1 ,8 2 1
2 ,2 8 7
1 ,0 5 6
959
1 ,0 8 8
8 J0
805

5 ,3 5 8
87
0 2 ' 2 ,0 7 3
90
2 ,1 9 8
90
2 ,0 2 1
1 ,6 7 6
96
1 ,7 0 8
84
84
68
46
84
88
81

638
9S
757 100
478
92
4 ,9 7 3

1 ,9 5 8
1 ,2 3 4
681
1 ,2 5 4
1 ,2 1 2
960
8S8
774
598
4 ,4 5 6

i

102
82

4 ,4 2 4
2 ,6 8 6

30
30
73

1 ,4 2 1
1 ,3 1 0

63
93
47

1 ,3 1 2
1 ,5 0 8

103
99
78
88

1 ,5 0 2

1 ,1 9 0
1 ,2 7 2
932

3 ,4 7 3

10 0

81
73

2 ,3 1 8

33
87

53
77
38
60
45

2 ,8 1 7
2 ,5 3 8
1 ,5 0 5
1 ,1 8 5
1 ,1 5 1
1 ,5 5 8

1 ,1 8 1

76

815
1 ,2 1 8
953

957
792

72
72
79

754
760

83
92
73
••

63

779
367

77
85

88

4 ,6 5 3

901

379
2 ,9 8 3

Acreage.

1
8

Condition.

K a n s a s .............................

5

A c re a g e .

l
6

£
©

Condition.

8

Acreage.

£
©

.

Condition.

a t e s

Acreage.

St

! Acreage.

1

1901.

4 ,5 7 3 .
1 ,3 4 3
2 ,4 9 1
2 ,4 6 3

95
96

1 ,5 2 1

84
96

1 ,7 5 8
1 ,4 3 9

07
92
100

1 ,6 3 8
632

93
99
104
98
98

951
1 ,0 5 9
939
754
767
379
3 ,0 3 8

?6 M 2 7 , 6 2 0 87 -S 3 0 , 2 4 0 8 2 7 2 6 , 2 3 6 6 7 ‘3 2 5 , 3 5 8 9 0 -8 2 5 , 7 4 5
95
96
100
65
95
93
97
98

5 ,4 6 5
3 ,6 2 «
3 ,6 0 5
833
1 ,0 9 4
*520
*675
*318
1 ,0 1 4

93
91
92
8fe
92
95
95
89

6 ,3 1 0
4 ,5 2 8
4 ,0 0 i
1 ,1 7 3
1 ,2 1 6
*565

85

4 ,9 0 8

79

2 .6 8 9
2 ,9 2 0

83
93

90
100
*680 1 0 2
*350
84
1 ,0 2 3

2 ,0 6 7
1 ,3 9 7
*616
*555
*54.0
569

94
93
96
89
91
81
88
95

5 ,0 5 0
4 ,0 4 4

3 ,5 2 6 103
1 ,9 5 5 105
1 .3 9 4 102
6 5 2 101
558
646
1 ,4 1 0

0 5-4 1 7 , 1 4 4 S 2 ’0 1 9 , 6 5 6 8 7 ‘3 1 6 , 2 5 9 91-4 1 9 , 2 3 5
4 4 ,8 6 4

4 9 ,8 9 6

4 2 .4 9 5

100
104

4 4 ,5 9 3

4 ,9 6 3
3 ,8 6 5
3 ,8 9 0
2 ,1 1 5
1 ,3 2 9
660

97
100

500
550
938

101 1 8 ,3 1 0
4 4 ,0 5 5

P e r c e n t o f in c . o r
d e c . i n a c r e a g e ___

-1 0 -5

+ 1 7 -4

-4 -7

4 -1 -3

+ U -0

r Three ciphers (000) om itted from acreage figures.
ot in clu d ing w inter-w heat acreage included under “ other w inter,"
The to ta l reported acreage in oats Is about lou r-ten th s o f 1 per cent
in excess of th e acreage h arvested last year. The changes in acreage
are very even ly distributed and are gen erally in considerable, 25
S tates and Territories reporting som e enlargem ent of their acreage
and 24 som e reduction. Of th e 9 States having one m illion acres or

[VOL. DXXIV.

upw ard in oats. N ew York, Ohio, Illin o is, W isconsin and M innesota
report an Increased acreage, no case exceed in g 4 per cent, and P en n ­
sylvan ia, Indiana, Iowa and N ebraska a decrease, w hich o n ly In the
last-m entioned State ex c ee d s 1 per cent.
The average condition of oats Is 90-6, ag a in st 85-8 on June 1 ,1 9 0 1 ,
91-7 at the corresponding date in 1900, and a ten-year average ot 90.
Of the States having one m illion acres or upw ard In oats, M innesota
and Indiana report conditions corresponding ex a c tly w ith their re­
sp ectiv e ien year averages, Michigan reports 2, Iow a 8, Illin o is 5 and
W isconsin 6 points above, and N ebraska 1 point. N ew York 2, Ohio 5
and P en nsylvania 13 points below their resp ective ten-year averages.
The acreage reported as under barley exceed s the acreage harvested
la st year by 8 5 per cent. In the States having 100,000 acres or up ­
ward devoted to this crop, there is an Inorease In area am ounting to 1
per cent In K ansas, 5 per cent in South D akota, W ashington and Cali­
fornia, 8 per cent in M innesota and 95 per cen t in N orth D akota, the
inorease in the s ta te la st named b ein g alm ost en tirely due to the
substitution of b a iley for w heat In th at sectio n of th e S tate where
w heat seed ing w as restricted by long-continued w et w eather. On the
other hand, there Is a decrease of 1 per cent in W isconsin, 2 per cent
in New York and 3 per cent in Iow a.
The average condition o f barley is 93-6, again st 91 on Ju ne 1 ,1 9 0 1 ,
86*2 at the corresponding date lu 1990, and a ten-year average of
88-6. The ten-year averages are exceeded by 2 p oints in W ashington,
4 in M innesota and Iow a, 6 in California, « In North D akota and South
D akota and 10 in W isconsin, w hile New York and K ansas report con­
ditions 2 and 5 p oints, resp ectively, below such average.
The acreage under rye show s a reduction of five-tenths o f 1 per
cent from that harvested la st year. There Is an inorease o f 1 per cent
In New York, 2 per cen t lu W isconsin and 3 per cent in Nebraska,
w hile P en nsylvania and M ichigan each report a reduction of 1 per
cent.
The average condition o f rye is 8 8 T , as oompared w ith 93-9 on Jane
1, 1901, 87*6 at the corresponding d ate in 1900 and a ten-year a v e r ­
age of 89-3. The ten-year averages are exceed ed by 2 points in Mich­
igan and 6 points in W isconsin and N ebraska, w hile the conditions for
N ew York and P en n sylvan ia are 5 and 7 points, resp ectiv ely , below
such averages.
G o v e r n m e n t W e e k l y G r a i n R e p o r t . - - M r. J a m e s B e r r y ,
C h ie f o f t h e C lim a te a n d C ro p D iv is io n o f t h e U . S . W e a t h e r
B u r e a u , m a d e p u b lic o n T u e s d a y t h e t e le g r a p h i c r e p o r ts o n
th e g r a in c r o p s in t h e v a r io u s S t a t e s fo r t h e w e e k e n d in g
J u n e 9 a s f o llo w s :
W e a t h e r .—A lthough the w eek averaged som ew hat cooler than
usual in portions of the Lake region and N orthern N ew E ngland,
w here lig h t frosts occurred, the tem perature con d itions w ere general­
ly favorable in the districts ea st of the Rooky M ountains, and also in
the M iddle and South Pacific co a st regions. The S tates of the low er
M issouri V alley have again suffered from ex c e ssiv e rains, w hich have
also interrupted farm work in the northern portions of Illinois and In ­
diana and th e southern portions ot W isconsin and M ichigan, R ain Is
now gen erally needed along th e Gulf and A tla n tic coasts from Texas
to Southern N ew E ngland, and drought is becom ing serious in the
Oarolinas and in th e central and w©3t Gulf d istricts.
Corn —With am ple m oisture and favorable tem peratures corn has
made good grow th throughout the central v a lle y s, but is m uch in need
of cu ltivation in the S tates of the low er M issouri V alley and W iscon­
sin. In the low er Ohio V alley and T ennessee th e orop is w ell cu lti­
v ated and in prom ising condition, but in th e central and w est Gulf
S tates is suffering muoh from drought.
W in t e r W h e a t .—The w arm show ery w eather of th e p ast w eek has
been favorable to tb e developm ent of ru st in w in ter w h ea t in por­
tions of M issouri and In d ian a, and has caused lodging to som e ex ten t
in Illinois and Missouri. With th ese excep tion s a general im prove­
m ent in th e con d ition of th e orop is indicated. H arvestin g has begun
as far north as North Carolina, T ennessee and th e southern portions
of M issouri and K ansas, but is progressing under difficulties, resu ltin g
from h ea v y rains, In th e last-nam ed State. On th e Paoiflo co a st the
w heat outlook continues prom ising, although grasshoppers are caus­
ing som e dam age in th e Sacram ento and San Joaquin v a lley s.
Sprin g W h e a t .—Spring w h eat has m ade rap id grow th and is in
promising oonditlon throughout th e spring-w heat region, e x ce p t on
low lan d s, w here it has suffered from excessive m oisture.
Oats .—I n th e S tates of the M issouri and upper M ississippi v a lley s

and lake region, oats have m ade good progress and are in prom ising
condition, although too rank grow th is reported from portions of Il­
linois, Iow a, M innesota and W isconsin. In the upper Ohio V alley,
Middle and South A tlan tic and ea st Gulf S tates th e crop is inferior.
T h e m o v e m e n t o f b r e a d s t u f f s t o m a r k e t a s in d i c a t e d i n t h e
s t a t e m e n t s b e lo w i s p r e p a r e d b y u s f r o m f ig u r e s c o l le c t e d
o y t h e N e w Y o r k P r o d u c e E x c h a n g e . T h e r e c e ip t s a t
W e s te r n la k e a n d r iv e r p o r t s f o r t h e w e e k e n d in g J u n e 7,
4nd s i n c e A u g . 1, fo r e a c h o f t h e l a s t t h r e e y e a r s h a v e b e e n :
:e««W8 «S—

W h e a t.

W U a t.

COTO,

hiuago.....
ill w an k s* .
•alatfc......
ilaneapolla.
oledo......
satsroil......
la v e ia n d ...
it. Louis ....
eoria. .. .. ..
Kansas City.

118,152
66,270
112,000
9,500
22,909
42,285
10,350

160,700
81,600
64,684
1,514,520
61,500
47,338
74,661
237,521
88,000
503,400
2,778,001
3,684,65s
4,019,536

2,002,890
68,400
251,970
125,000
87,430
105,837
219,800
306,000
481,000

Saris#.

Oats.

B bU .1 9 S lb t Bnah.SOlbn m t s h . m b a B m h .S Z lb t

1,545,256
169,800
282
110,800
133,000
55.494
173,634
369,005
336,300
235,400

B«f»l.481I>s SfB.SSiis,
187,000
5,400
68,200
10,400
817
14,700
7,460
3,900
v*<
■
2,035
8,800
........
199,108
158,390
834,972

8,100
3,500

3,579.887 8,137.601
46,000
881,466
<'ot.wk.1902
81,747
4,842,803 4.860,518
388,306
am® wk.’O
S..
41,494
S,69S,078 3,9'6,503
388,575
.j»cu# wk.’O .
O
AWfi. 1.
1001-02......... 18,359,878 210,325,120 111,227,608 123,977,405 39,8S9,973 4,881.470
ID00.01...... . 17,310,869 204,941,138 186,438,524152,856,998 88,335,686 3,033,998
18.492,283 194,348.584 !9S 890,3 721148,177,449 40.280,431 5,746,374
!899-00... r u e r e c e ip t s o f f lo u r and. g r a in a t t h e s e a b o a r d p o r t s f o r
- e w e e k e n d e d J u n e 7 ,1 9 9 2 , f o llo w :
H our,
W M *t,
G*t1,
JS ******
Bttt,
a t—
hbh
.b u n k .
btith.
tu s k .
btsA's,
8 » f T l „ ......... ..
1 1 8 .6 0 5
6 * 9 ,1 0 0
< 0 0 t o n ...............................
8 8 ,4 5 4 8 9 6 ,7 8 4
i d o a t r a a T . . , ..................
2 0 ,8 8 4
7 1 2 ,1 8 5
j 'b U a d y S i p h i a j . , . - . 8 2 , 8 8 7
8 -> #,«80
s a l t l m o r e .........................
6 1 ,6 2 6
1 0 4 .8 1 6
* i e h m o n d ............. . . . .
8 .5 3 4
8 7 ,6 8 1
•4«iT O r l e a n s * ...............
1 3 ,0 1 0
1 9 5 ,0 ) 0
s le s y p o rt N e w s . . . . . . .
1 ,4 0 4
2 4 6 ,0 0 0
j i i l v s s t o n ...................... .. . . . .
••
0 8 ,8 0 0
•“ ' r t l a n d , M e .............
875
1 0 4 ,0 3 3
P e n s a c o l a .................. ..
8 ,8 3 8
8 8 ,9 8 ?
T o t a l w e e k ............r
W eek 1 9 0 1 ............

8 6 9 .9 8 7 S ,7 3 4 ,9 0 9
4 2 8 .0 9 8
4 ,6 9 8 .4 7 1

3 0 8 ,4 0 0
8 7 8 ,9 0 0
. . . -------- 1 4 0 ,0 5 0
3 0 ,8 8 2
131,4(53
.................
700
8 .0 8 0
6 9 ,8 0 1
1 9 ,3 4 4
1 .S 6 8
2 8 .4 7 3
6 8 ,9 0 8 .
2 ,4 0 0 2 8 , 8 : 4
7 0 ,3 1 3
1 6 ,8 0 5
.......
0 ,8 « 8
0 3 ,0 8 0
1 6 ,6 8 *
........... ..
........
2 2 ,9 )0
1 4 ,9 4 0
...........................................................................
...................... .. —
........
..........................................................
.....................................
. .. . . . . . . .. .. .. .
...................... ....
............................ —
8 8 6 ,2 1 7 1 ,9 0 9 ,6 8 7
8 ,2 3 3 ,8 8 1 1 ,4 3 6 ,0 7 8

4 1 ,0 U
1N4a '4 >
1 8 6 ,8 0 7 7 8 ,0 4 9

* Receipts do n o t include grain p attin g ihrough New Ori#au« tor
port# on through bills of lading.

THE

June 14, 1902.]

CHRONICLE

T otal receipts at porta from Jan. 1 to Ju n e 7 oom pare aa
fo llo w s for four years:
1901.
9,415,666

1002.

B e c e iv ts o f—

F lour-...................
W heat...................
Corn...................... ...
Oats......................
B arley.................. ...
Rye........................ ...
tal grain... ...

"
"
"
"

64,078,610
0,044,284 . 74,038,927
88,815,073
18,610,096
2,781,226
1,47 0.084
1,687,001
1,312,911
171.050,740
76,130,000

1000.
- 9,410,800
87,174,776
80.605.600
B0,516,749
6,230,788
1,250,187

1899.
9,122,248
44,1104 400
75,817,814
88,876,601
1,024,840
8,480.388

155,828,082

158,914,118

T he exports from the several seaboard ports for the w eek
ending Ju ne 7, 1902, are show n in the annexed statem en t:
flo u r .
Corn,
W h s a t,
b b li.
bush.
— bush
New York...... 008,808 20.410 124,353
82,012
B j i t on............ 820,299
876
ro rtla n d , Ms. 104,023
81,295
Philadelphia.. 390,000
85,996
800
Baltimore...... 284,504
2,693
16,835
Mew Orleans.. 192,000
4,404
Mewo’r t New* 248,000 ...........
4.336
698.297
3,888
Pensacola...... 23,807
Total w e ek ..8.670.898
37,048 339.728
Same tlm e ’01..4.034,233 2,276,312 400,674
B a y o r u fr tm

Oats,
bush
167,984

R ye,

b«»h
38,873

P eas.

bush
8,197

1265

a r d m a k e s sh o w no ch a n g e.
In o v erc o atin g s business
h as im p ro v e d slig h tly th is w eek, b u t thefce is no ch a n g e
in clo ak in g s.
A ll d e sc rip tio n s of w oolen an d w o rsted
d ress goods a r e 'q u ie t. Staples a re gen erally steady, but fa n ­
cies show co n sid erab le irre g u la rity . F lan nels and b la n k e ts
a re q u ie tly ste ad y .
D o m estic C o tto n G ood s . —T h e e x p o r ts o f co tto n goods
from th is p ort fo r th e w eek en d in g Ju ne 9 w er e 7,653
packages, v a lu ed a t $327,129, th e ir d e s tin a tio n being to the
points sp ecified in t h e t a b le s b e lo w :
nbw

York

to

1902.

1901.

Wee/c. S in c e J a n . 1.

E a r le y
bush.

Wee*. S in c e J a n . 1,

J unk 9.

G reat B rita in ..................
16
Other E u ro p ean ..................
27
06
Oh Inn..... ............ ............. 4,395
10,610
........... In d ia .......................................
600
......
Arabia......................... .
’91,033 I T 059
6
A frica........ ............................
—
409
Weat In d ies..........................
270,173
45,082
8,197
20
Mexico.................-......... —
908,342 150.057 46,008 110,900 Central Amerloa...................
179
South A m erloa.................... 1,086
The destination of these exports for the w eek and since O ther C ou n tries.. . . . — . .. .
935
J u ly 1, 1901, is aa below :
T o tal.......... - — ............ 7,653
,-------- Flour.-------- , ,------- W h e a t. --------, ,-------- Corn,---------,
E x p o r t* f o r
w eek a n d t in c t
J u l y 1 to —

W e e k S in c e J u l y
J u n » 7. 1,1901.
bbls.
bbls.

W eek

S in e e J u l y

W eek

June 7. 1, 1901.
June 7.
bush.
bueh.
bush.
1,629,671
68,612,197
1,060,287
62,464,888
...........
60,348
2,459
.........
60
28,908
................................
5,620
...........
331,489

Since July
1, 1901.
b u sh .

11,702,065
United Kingdom 214,378 9,046,243
10,651,406
Continent........... 69,331 8,600,107
628.160
B. a 0. Am erica.
23,860 808,773
1,083,805
w a it Indie*...... 81,827 1,070,906
267,860
Br.N.Am-ColO’S
800 117,225
260,778
O ther oonntrle*
30 302,180
T otal............... 339,722 14,094,543 2,679,893 131,808,472
37,045 24,573,667
Total 1900-01.... 400,674 15,684,860 4.034,233 122,176,383 2,276,612143.592,264

The v isib le supply of grain, com prising th e stock s ic
granary at the principal points of accum ulation at lake and
seaboard ports, June 7, 1902, w as as follow s:
W h e a t,

ln s to r s a t—
bush.
Msw York................... 621,00*1
180,000
Do afloat.........
■oaton........................ 1,044,000
Philadelphia.............. 250,000
498.000
Baltimore..................
490.000
104.000
M ontreal.................... 684.000
6,000
T oronto-.......... . .......
705,000
Buffalo.......................
Do
afloat.........
25,000
no
Aflnftt.........
94,000
B stro lt......................
Do afloat........
Ofeioago..................... 4,119,000

Milwaukee.................

88.000

Oats,

Corn,

bush.

b u sh .

B a r le y
buss.

200,000

10,000
2,000
38.000
12.000
31. oo'n
9,000
383,000

2,000
25,000
67,000

20.000
6,000

314,000
14,000
227,000

6.000

14,000

33,000

220,000

245,000

ies.bbo

64,000

1,000

1,000

9.030

2,143,000

525,000

865,000

8,O
ou

91,000

9,000

15.C0I

6,000
2,OOn
14,000

50,00

....

Ft.W ill’mA Pt*A rthur 2,086.000
D uluth....................... 0,260,000
Do
aflo at.,—
M inneapolis.,........... 6,123.000
St. L ouis.....................
86,000
Do
afloat........
556,000
Kansas C ity..............
68,000
Peoria.........................
Iadlanapoll*.............
24,000
On Mlailialnnl RItst .................
On L akes..!.'............ 1,274,000
855,000
On eanal and r i v e r ..

86,000

7,000

30,000
136,000
108,000
67.000
80.000
740,006
129,000

75.000
18.000

26,091,000
28 004,000
35,292,000
44 407.000
27,817.000

4,261,000
4,227,000
16,049,000
11J 28,000
18,266,000

Total June 7.1902..
Total May 81.1902,.
Total June 8,1901,.
Total June 9,1800..
Total J u t e 10,1899,.

jSws,
burk.
51,003

164,000

61,000
112,000
24,000

76,000

a.ooi

361,000
800,000

17,000
1,300
' 18,000
66,000

20,000

2,483,000
8,065,000
10 568,000
0,074,000
8,183,000

099,000
752,000
098,000
899,000
891,000

402,000
689,000
695,000
761,000
l,264,00i

a
f
t
=t© 2 a*g gt-o a
g ft*e ©
r
o-r

t

G O O D S

t9
<D D-•»*tc
1C 0D O
f
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<i if*<|C C
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OO

! s ©
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*

d:
8
S5
3

T R A D E .

N e w Y o b k , F r id a y , P. M ,, Ju ne IB, 1902.
The m arket has passed through another q uiet, u n ev en tfu l
w eek so far as the hom e trade is concerned, but at th e close
there is practical evidence of more in terest being taken in
the h eavy brown goods situation by buyers on China ac­
cou n t, th e first business of any im portance since th e m iddle
of A pril being recorded. Should th is w eek’s b usiness be
follow ed by further transactions of any m om ent, it should
have an appreciable effect upon the heavy cotton goods d iv i­
sion, export grades Btill being generally sold ahead. In both
staple lin es and seasonable fancies the hom e trade adhere
stead ily to a hand-to m outh policy. T hey are evid en tly of
opinion th at there is noth ing in sig h t to cause apprehensions
of higher prices for som e tim e to com e, w h ile the opinion
still prevails q uite generally th at in som e directions there
w ill be at least a tem porary revision in their favor. Meanhile sellers pursue an even course w ith very few exceptions.
There are stocks on hand in occasional quarters, and in e f­
forts to clean these up price concessions w ere som etim es
m ade. Such concessions have, how ever, no influence upon
th e general tone, w hich continues steady.
W oolen G oods.—The re-order dem and for m en’sw ear
w oolen and w orsted trouseriDgs and su itin gs has again been
on a quiet scale this w eek, to the disappointm ent of sellers,
the m ajority of whom looked for an extension of supplem en­
tary buying by this tim e. To som e exten t the return busi­
ness is hampered by the fact that m any sellers are b eh ind ­
hand w ith deliveries of sam ple pieces, thus retarding th e
operations of clothiers in connection w ith the fall trade in
garm ents. C lothiers report, as a rule, fairly satisfactory re ­
su lts where they have been in a position to test their ou tlets
for fall, but even in snch instances there is no disposi­
tion to anticipate requirem ents to any extent. The g en ­
eral tone of the m arket w h ile dull is steady.
There
are irregularities In prices, chiefly in fancies, but stand­

1 ;;

3,959
6,912

si 1- i
si

D R Y

28
2,467
81
416
63
172
1,226
380

2,252
836
21,879
1,787
19,769
4,097
10,243
894
4,534
29,103
3,738

133,269

4,910

99,132

69
8

T he v a lu e o f th e N e w Y ork e x p o r ts since Jan. 1 to date
has been $6,072,873 In 1902, a g a in st $4,723,570 in 1901.
Several thousand bales o f h eavy brow n cottons, c h ie fly
drills, have been sold for export to C hina this w eek at prices
w hich show a stead y m arket for export grades. The hom e
trade dem and for a ll descriptions of brown sh eetin gs and
drills has been in differen t, w ith som e irreg u la rity in prices of
3-yard and 4-yard sheetin gs. The looked for changes in the
prices of bleached m uslins have not y et been m ade, and buy­
ers are keeping purchases dow n to sm all proportions in a ll
grades. Cam bric m u slin s are w ell sold ahead and firm. The
demand for denim s is quiet, but stocks are sm all and prices
m aintained. Low -grade tick in gs sh ow irregularity in prices,
but fine grades are firm. Other coarse, colored cottons are
steady, w ith a m oderate business in progress. Sales of w id e
sheetings and co tto n flannels are lim ited , but cotton blankets
are in good request for quick deliveries. D ark fancy calicoes
have been in considerable dem and this w eek in best lin es and
firm in price. Staple calicoes are w ell sold up as a rule.
There is a fair dem and and th e tone of the m arket is firm.
F in e printed and fine w oven pattern ed fabrics are sellin g
w ell for n ext year. G ingham s are scarce and v ery firm.
Bids of 33^c. for regular print cloth s have been m ade and de­
clined, F a il R iver holding for 3J^c. N arrow odds h ave sold
on the latter basis. W id e odds are q uiet and unchanged.
F oreign D ry G oods.—P iece silks and ribbons con tinu e
firm, w ith raw m aterial and curtailed dom estic su pplies of
piece goods supporting the m arket. D ress goods are quiet
throughout b u t tone steady. L inens are v ery firm. B urlaps
d ull and irregular.
I m p o r t a t i o n s a n d W a r e h o u s e W i t h d r a w a l s ot D ry G o o d s .

* Galveston, last week’s sto ck ; this week’s not received.
T H E

1,203
636
62,165
9,096
10,491
4,743
11,155
1,115
3,611
22,458
6,596

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THE CHRONICLE.

1206
a w d

})t ? A v r m

C i t r

m

.

Index.

A n index to all th« new s m a tte r appearing in th is D ep art­
m ent for the period from Ja n . 4, 1902, to A pril 6, 1902, in ­
clusive, waa published in the CHRONICLE of A pril 12, 1902,
pages 794, 795, 798 and 797.
Uttlrestou, Texus. Notice to Holders of Galveston R mds
—Thocom m ittee representing the hold-rs of bonds of the
city of Ga'veston, Texas, of which Chas. S. Fairchild is
Chairman, have received a proposition from the city for an
adjustm ent of interest now in default and for future prompt
payment of interest. The com m ittee states that it is im­
portant for the benefit of all bondholders aud for the welfare
of the city of Galveston that the action of the bondholders
be as nearly unanimous as possible. The city is ready to
promptly and regularly do all that it believes to be in its
power to preserve its credit and to proteot the city from
damage by future storms. The present plans contemplate an
expenditure of about $3,500,000 for sea w all and filling.
Copies of the proposition are being sent to holders of the
bonds who are parties to the bondholders’ agreement, and
these holders are requested to com m unicate w ith the Secre­
tary of the com m ittee, M. I. Mirick, 49 Wall St., for further
particulars.
B o n d

C a lls

and

R e d e m p tio n s .

D ouglas County (P . 0 . Omaha), Neb .—Notice to Bondhold­
ers.—The Board of County Commissioners call for payment
June 29 (int erest to cease July 1) $268,000 5% refunding bonds,
issued Jan. 1, 1870. W e are advised that these bonds were
issued w ithout authority of law and in violation of the
statutes then in force—the Supreme Court of the State having
so held. Holders of the bonds, however, w ill be paid the
principal, and the interest to July 1, 1902, there being no
desire on thepart of the county to refuse payment of either
principal or interest of its indebtedness.

[Vol. LXXIV.

C. R. Williams * Co.. Pitts.. .$52,086 75 I Uamprecht Bros Co.. Cleva. .$51,321 50
I* K Kelley, Philadelphia... 62.U 75 Jose, Parker & Co., Boston... flO.Ouu 00
.
25
Pittsburg Trust Co., Pitts.... 61,755 50 |

B lair, Wla.—Bond Sale. On May 31 $2,500 5% 4-8-year
(serial) bonds were awarded to the Home Bank; of Blair at
par. Denomination, $100.
B olivar (P a .) School D istrict —Bond Offering. —Propo­
sals w ill be received until 7 p . M , June 28, by W. M. W ynn,
Secretary of School Board, for $18,000 6%bonds. Interest
payable semi-annually at the Bolivar National Bank. Maturity, part yearly from 1906 to 1926, inclusive.
Boston, Mass.—Rond Sale.—On June 10 the fourteen issues
of
bonds, aggregating $5,814,000, were awarded to Estabrook 6c Co., Harvey Fisk & Sons and R. L. Day < Co. at
fe
their joint bid of 104,32—a basis of about 8'267£. F ollow ing
are the bids :
Estabrook & Co.. Harvey Fisk & Sons
aud it. L. Day .V Co., N. Y. (for a]li
E. II. Hollins * Suns anil N. W. Harris
* Co., Boston (all or none)...............
40 year bonds .............
......
Blake Bros. * Co., Boston................... 80-year bonds.
Vernitlye * Co., Now York (for all)...... 20-year bonds...............
Blodget, Merritt & Co. and Lee, Hlg- ( ii) year bonds..............
ginson it, Co., Boston................... .
130 year bonds...............
ru year
United States Trust Co., Boston,....... ( $38>\oo )bonds. ............
1
20-year bonds.
' 100,000 20-year bonds.
200,000 40-y ear bonds.
1H5.000 30-year bonds
Deunett, Crane & Blanchard
150.000 30 your bonds.
339.000 20-yoar bonds.
| 75,000 80-year bonds.
1 100,000 20-year bonds.

!

.101-32
.104-31
.10.V17
.104-38
.108-32
.104-189
104-26
. L03-46
.102-39
.103-01
.103-67
102 183
10L-874
,102-376
.101-165
,103 30
.101-806

For description of bonds see C hronicle J one 7, p. 1210.
Urcwater, N. Y.—Bond Sale.—On May 29 $2,000 3)^# bonds
wers awarded to the Central Bank of W estchester County,
W hite Plains, at par. A bid of 1O0T0 for 4% bonds was made
by the Putnam County Savings Bank. Denomination, $500.
Maturity, $500 yearly on July 1 from 1903 to 1900, inclusive.
B r isto l, R. I .—Bonds Voted .—The Town Council has au­
thorized the issuance of $47,000 3%# bonds.
Brookhaveu, Miss .—Bond Sale.—Oa June 3 the $40,000 5#
5-20-year (optional) refunding bonds described in the C hron ­
icle May 24 were awarded to The Lamprecht Bros. Co.,
Cleveland, at 100 77.
Buffalo (M inn.) School D istric t .—Bond Sale.—The sale
of $5,500
2-12-year school bonds to the Citizens’ State
Bank ac 100-181 is reported.
B u rlin gton , Iow a.—Rond Bids .—The follow ing bids were
received on May 28 for the $400,000 4J^(t water bonds d e­
scribed in the C h r o n ic l e May 17 :
W. J. Hnyes & Sons, Cleveland. $300,000 for the $400,000 bonds.
MacDonald, McCoy & Co.. Chicago, $856,000 for the $400,0 0 bonds.
Kede , Holzman * Co . Cincinnati, $350,152 for the $400,000 bonus.
The City Waier Co. offered par for the bonds, *100,000 to bear 6£ interest;
$265,000 to bear interest and any bonds issued in excess of *365,OoO 5%inS. a ! Kean of Chicago oflored to sell the bonds as 5 per cents at par, he to re ­
ceive a commission of 2 to cover attorney’s fees, expenses, etc.
jt

The official notice of this bond call will be found among
the advertisements elsewhere in this Department.
St. Paul, M inn .—Bonds Redeemed.—We are advised by
Action on bids postponed. W e are advised that certain
J. J. McCardy, the late Comptroller, that $50,000 5% bonds citizens, through Seerley & Clark, attorneys, have asked for
due in 1909 have been purchased and canceled, making

a temporary injunction in the D istrict Court to prevent the
City Council from accepting any of the above bids. It is
expected that the case w ill go to the Supreme Court for final
adjudication, where a decision is hoped for in the fall.
B o n d
P r o p o s a l s a n d N e g o t i a t i o n s this
B u tler, Ohio.— Bond Sale.—On June 10 the $1,500 5$ elec­
tric-light plant bonds described in the C hronicle May 31
w eek h a v e b een as fo llo w s :
Alma, M ich.—Bids. —F ollow ing are the bids received June were awarded to P. S. Briggs & Co., Cincinnati, at 105’217.
Following are the bids :
3 for the $12,000 5% 3-8-year (serial) building bonds :
$2,450,243 bonds redeemed during the past ten years.

P. S. Briggs * Co.. Cinctn.......$1,578 25 | R. H. Cockley People’s Bank..$1,525 00
W. J. Hayes * Sons. Cleve__$12,470 00 I State Sav. Bank, Toledo........§12.350 00 State Sav. Bank, Toledo........ 1,632 50 | Toledo Bond Co., Toledo......... 1,610 00
MacDonald,McCoy&Oo..Clilc. 12,450 00 Webber & Reul, Pewamo ... 12,300 00
Butte School District No. 1, Silver Bow County, Mont.—
N. W. Harris & Co., Chicago.. 12.442 00 | Parson, Leach & Co., Chic... 12.278 50
Denison. P rior* Co., Cleve.. 12,432 75 Lamprecht Bros. Co.,Cleve.. 12,201 00
Noble, Moss & Co., Detroit... 12,405 00 | 8. A. Kean. Chicago............. 12.090 00 Bids Rejected.—All bids received June 3 for the $100,000 4%
Thompson, Tenney * CrawI Detroit Trust Co., D etroit... 12,025 00 10-20 year (optional) gold coupon bonds described in the
XoraCo., Chicago................ 12,870 00 |
Chronicle May 17 were rejected.

As stated last week, W . J. Hayes & Sons, Cleveland, were
the snccessfni bidders.
A lta Irrigation D istrict, Fresno, T nlare and K ingC ountie s, Cal.—Bonds Issued—W e are advised that the $500,000
5£ refunding bonds offered but not sold on May 6 have been
issued in exchange for the old bonds outstanding and are
now held by Daniel Meyer of San Francisco. For descrip­
tion of bonds see Chronicle April 26.
A nnapolis Royal, Nova Scotia.—Debentures Not Sold.—
We are advised that the $12,000 4% 25-year light-extension
debentures offered for sale on May 19 have not as yet been
disposed of.
Ann Arbor (M ich.) School D istric t No. 1.—Bond Sale.—
This district has sold $14,000 4% bonds to Denison, Prior &
Co., Cleveland, at 102T7, Denomination, $500. Date, June
2, 1902. Interest, semi annual. Maturity, $4,000 June 2,
1910, $5,000 June 2, 1911, and $5,000 June 2, 1912.
Arapahoe County (C olo.) School D istr ic t No. 7 .—Bonds
Voted —This district recently authorized the issuance of
$24,000 bonds by a vote of 131 to 53.
A rgyle, Minn.— Bond Sale.—Oa June 2 the $12,400 4% 20year electric-light-plant bonds described in the C hronicle
May 17 were awarded to Milguard & Heyness, Argyle, at
101’62. Bids were a'so received from C. C. Gowran of Grand
Forks, Stoddard, N ye & Co., Minneapolis, and T. B. Potter
of Chicago.
Bay County, M ich.—Bond Sale.—The $60,000
15-year
refunding road bonds voted at an election held early in
A pril have been sold to Seasongood & Mayer, Cincinnati, at
par.
B ellevu e, A llegheny County, P a.—Bond Sale.—On May
81 the $50,000 4^ bonds described in the C hronicle May 24
..were awarded to C. R. W illiam s & Co., Pittsburg, at
a04'0715. F ollow ing are the bids :

Calhoun County, Iow a.— Bond Sale.—Oa June 9 the $13,000 5%drain bonds described m the Chronicle May 17 were
awarded to MacDonald, McOoy & Co., Chicago, at 100’592.
Follow ing are the bids ;

MacDonald. McCov*Co„Chi.$l3,0 7 7 00 I T. B. Potter, Chicago............$12.740 00
Trowbridge & Niver Co., Cbi. 12,765 00 |
Center Independent School District No. 48, Shelby
County, Texas.— Bond Sale.—The $4,000 bonds recently ap­

proved have been sold to the Treasurer of Shelby County at
110. Denomination, $100. Interest, 6£. Maturity, 15 years,
optional after 10 years.
Chehalis County (W a sh .) School District No. 4.—

Sale.—On May 31 $9,U0J

Bond

bonds were sold to the State of
W ashington at par. Bonds are redeemable at the option of
the district after one year.
Chester, N. Y.— Bond Offering. —
Proposals w ill be received
until 2 p. M., June 20, by G. W. Ball, V illage Clerk, for $16,800 4% street improvement bonds. Authority, Section 4,
Chapter 414, Law s of 1897. Denomination, $700. Date,
July 1, 1902. Interest, semi-annual. Maturity, $700 yearly
on July 1 from 1903 to 1926, inclusive.
Cincinnati, Ohio.—Bonds Authorized. —The Board of Pub­
lic Service on June 3 authorized the issuance of $37,850 8 l24
garbage bonds. Denomination, $500, except one bond for
$850. Date, June 1, 1902. Interest semi annually at the
American Exchange N ational Bank, N ew York City. Ma­
turity, Jane 1, 1932; optional June 1, 1922.
Bond Sale.—The Sinking Fund Trustees have purchased
at par a $75,000 10 20-year (optional) avenue-improvement
bond dated June 1, 1902.
Cleveland (O h io ) School District,— Rids Rejected All
bids received June 9 for the $500,000 4 f deficiency bonds and
the $275,009 4% building bonds were rejected. For descrip­
tion of bonds see C hronicle May 17, p. 1050,

THE CHRONICLE.

June 14, 1902.]

C lin ton County, N. X.—Bond Sate.—The $25,000 \\%%
funding bends offered for sale on June 2 were awarded at
100'60. For description of bonds see C h ronicle May 81, p.
1153.
Cohoes, N. Y —Bond Sale.— On June 7 the $20,000 3 %% firedepartment bonds described in the CHRONICLE May 24 w ere
awarded to Isaac W. Sherrill, Poughkeepsie, at 100'45.
Bond Offering.—Miller Hay, City Chamberlain, wi.ll sell at
public auction at 12 M June 21, $57,403 26 3
,
public im ­
provem ent bonds. Date, June 10,1902. Interest sem i-annu­
ally on January 1 and July 1 at the Central Trust Co., N ew
York City. Principal w ill mature $30,597 41 on June 10,
1903; $16,805 85 Jan. 1, 1921, and $10,000 Jan. 1, 1922.
Colum bus. Oa.—Bond Offering —Proposals w ill be received
until 12 m ,, July 16, bv L. H. Chappell, Mayor, for $10,000 4#
gold bridge bonds. Denomination, $500. Date, Jan. 1,1902.
in terest semi annually at the office of the C ily Treasurer.
M aturity, $4,000 yearly on Jan. 1 from 1903 to 1912, inclusive.
A certified check for 5# of the face value of the bonds bid for
required.
C oruing, Iow a.— Bond Sale.- On June 2 $3,000 4# 5-year
city-hall fonds were awarded to Gilman, Son & Co. of N ew
York City at par. S. A. Kean of Chicago offered par (less
$60 for furnishing blank bonds) for 5# securities.
Covina H igh S chool D istric t, Los 4 » g e le s County, Cal.—
Bids — F ollow in g are the bids received May 26 for the $10,000
6# b o n d s:
Oakland Bank of Savings__ 110,730 00 I First Nat. Bank, Pom ona.... 110,680 O
O
L. M. C'ordelle............ ........ 10,080 28 I lie Van & Wilshtre................. 10,61160
H. C. Rogers, Pasadena........ 10,064 30 1Isaac Springer, Pasadena.... 10,665 65

1267

June 21, by F. G. Sm ith, Clerk Trustees o t School Board,
for from $8,000 To $10,000 bonds. Maturity, 15 years, sub­
ject to call $500 yearly, beginning 10 years a fte r d a te of
issue.
For res ton, 111.— Bond Sale.—Some of the papers report
the sale of $4,000 5% village-hall bonds to N. W. Harris & Co ,
Chicago. This sale, it is proper to say, tcok place in A pril,
and the price paid by the Chicago house was 102*025. The
bids received were as follow s :
N. W. llarrlH 4 Co.. Chicago.......*1,081 i MacDonald, McCoy St Co., ( Inc... j 4,( 00
A. O. Miller. Forreston................ -1,070 N. W. Halsey A Co., New Voile.. 1! O
O
Parson, Bench St Co., Chicago..... -1,000 | German In >o., l ie port...... . 1,000

F ort M organ S chool D istr ic t No. 3, M organ Bounty, Colo.

—Bond Sale.— On June 2 $15,C O 6# bonds of this d istrict
O

were awarded to T. B. Potter of Chicago at 108-883. F ollow ­
ing are the b id s:

T. It. Potter, Chicago......... JS
16,575.00 State Sav. Bank, Toledo......115,282 60

Chas. L. Adams, Chicago...... 16,400 00 Thompson, Tenney & Crawfora Co., Chicago................. 15,280 00
S. A. Kean, Chicago............... 15,830 00
Jno. Nuveon 4 Co., Chicago., 16,338 60 W .J. Hayes & Sons, Cleve... 16.007 00

Date, June 2,1902. M aturity, June 2,1917; optional June 2,
1907.
G loucester, Mass.—Rond Sale.—On June 11 the $81,000
8%# 1-10 year (serial) notes described in th e C h r o n ic l e
June 7 were awarded to Loring, T olm an & Tupper, B oston
at 101-1516—a basis of about 3*27$. F ollow in g are the bids :
Loring, Tolman & Tupper,Bos.101’1616 I Dennett, Crane & B la n c h a rd .100405
Eatabrook & Co., Boston......... 100-767 | Blodget, M erritt St Co., Boston.. 100 844
Adams & Co., Boston.......... ....100’070 I Lee, Hlgginaon & Co.. Boston.. 100 29
R. L. Day & Co., Boston...........100'557 I Farson, Leach & Co., Boston__ 100-083

Havana, Cuba.—Bond Award Vetoed.—The Mayor has
vetoed the ordinance awarding to Farson, Leach & Co., N ew
A s stated last w eek, the Oakland Bank of Savings w as the York, $1,000,000 5# bonds of this city at 90, w ith an op tion
on $27,000,000 bonds in addition.
successful bidder.
Highland School District, Fresno County, Cal.— Bond
C ovington, T enn.—Bond Offering.—Proposals w ill be re­
ceived at any tim e by A. W . Fisher, Town Recorder and Election.—A n election w ill be held to-day (June 14) to v o te
Treasurer, for $30,000 4££# electric-light and w ater-plant on the question of issuing $2,000 6# gold bonds. D enom ina­
bonds. Denom ination, $500. Date, June, 1902. Interest tion, $500. Interest, annual.
Holyoke, Mass.—Bond Offering.—Proposals w ill be received
payable in Memphis. M aturity, June, 1922; optional June,
until 11 a . m., June 17, by Pierre Bonvouloir, City Treasurer,
1912.
D elh i, Ohio.—Bond Election.—An election w ill be held to ­ for $70,000 3%% gold registered m unicipal bonds. D enom day (June 14) to vote on the question of issuing $12,000 bonds. nation, $1,000 or its m ultiple. Date, June 2, 1902. In terest,
This question w as subm itted to the voters at the spring elec­ June 1 and Dec. 1. M aturity, $7,000 yearly on June 1 from
1903 to 1912, inclusive. Accrued interest to be paid by p u r ­
tion, but the proposition then failed to carry.
D etro it, M ich,— Bond Sale.— M atthew Finn of D etroit w as chaser. Certified check for $1,000 on a national bank, pay­
the highest bidder on June 9 for the $63,000 3 %% sewer and able to the city of H olyoke, required. The legality of the
$77,000 3 )4.% school bonds, offerirg 109-016 and 108 513, re­ issue has been approved by Messrs. Storey, Thorndike, P al­
spectively —a basis of about 3-C4# and 3-065#. F ollow in g are m er & Thayer.
Homer, La.—Rond Election.—A n election w ill: be held
the b id s:
June 26 to vote on the issuance of $10,000 electric-light*63,000
*77,000
School B d s. plant bonds.
S e w e r B onds.
Matthew Finn, Detroit......................
Detroit Savings Bank. D etroit.........
People’s Savings Bank, Detroit.......
Nohle, Moss & Co., Detroit............... .
E. H. Rollins & Sons, Boston............
Detroit Trust Co., Detroit..................
R. L. Day & Co., Bo ston......................
The Lamprecbt Bros. < Cleveland
’o..
State Savings Bank, Detroit............. .
XiOuls Blitz, Detroit............................

..

..
..
..
..
..
..
..

*68,686 00
68,369 60
67,786 00
07.667 50
66,168 90
66,015 10
65,725 01
65,300 30

*83,665 00
83,550 60
82,776 C
O
88,621 00
80,873 10
80,681 90
80,331 79
79,633 70
82,668 C
O
80,850 00

For description of bonds see C hronicle June 7, p. 1211.
D over, N. J.— Bond Offering.—Proposals w ill be received
u ntil 8 p . m . , June 80, by the Mayor, Recorder, Alderm en and
Common Counoilm en, at the office of L. D. Tillyer, Town
Clerk, for $70,000 8 }£# w ater bonds. Denom ination, $1,000.
Date, Ju ly 1 , 1902. Interest sem i-annually at the N ational
U nion Bank of Dover. M aturity, Ju ly 1 , 1922.

Huntington Union Free School District No. 4, Suffolk
County, N. Y.—Bond Offering.— Proposals w ill be received

u ntil 9 a . m., June 19, by R ow land Miles, President Board of
Education, for $12,000 4# bonds. Denomination, $1,000. D ate,
May 28, 1902. M aturity, $1,000 yearly on May 28 from 1903
to 1914, inclusive. Certified check for $125 required. B ids
w ill be opened at 11 a . m ., June 19, at the office of A ck erly
& Miles in Northport.
Ingersoll, O n t —Debenture Cfftring .—Proposals w ill be
received to day (June 14) by W . R. Sm ith, Tow n Clerk, for
the follow ing d eb en tu res:
*20,000 SUs% 20-year Tilsonburg Lake Erie & Pacific Railway bonus debent ures
dated Dec. 81,1899.

Z 6,000 4%20-year Ontario Fruit Package bonus debentures, dated Mar. 15,1902.

Interest payable annually.
Jamestown(N. D ak.) School District.—
Bond Sale.— This
The official notice of this bond offering will be found among district has sold to the State School Board $47,000 4# refun d ­
ing bonds. Denom ination, $5,000. Date, June 1, 1902. In ­
the advertisements elsewhere in this Department.
terest, Jan. 1 and J u ly 1. M aturity, June 1, 1922.
D unm ore, P a .— Bond Sale.—The $35,000 4# coupon sewer
Jefferson, Wis.—Bond Sale.—W e are advised that th e
bonds described in the Chronicle May 24 have been sold to $7,500 w ater-w orks-extension bonds m entioned in the C h r o n ­
DenisoD, Prior & Co., Cleveland, at 101-25.
i c l e May 31 have been sold to local investors.
D yersburg, TenD.—Bids Rejected.—No satisfactory ibids
Jewett, Harrison County, Ohio.- Bond Offering.— Propo­
were received on June 10 for $50,000 4# 2 C-year w ater and sals w ill be received until 12 m ., Ju ly 7, by J. P. Stew art, V il­
lig h t bonds offered for sale on that day.
lage Clerk, for $6,100 6 # street-im provem ent bonds. A uthor­
E ast H artford (Conn.) F ire D is t r ic t —Bond Sale.—The ity , Sections 2835,2836 and 2837, R evised Statutes of Ohio.
Hartford “ Courant” states that this district has sold $115,
Denomination, $300. Date, July 7, 1902. Interest, March 1
000 4# w ater bonds for $119,025.
and Sept. 1 at the Jew ett Bank. M aturity, $300 each six
E lm ira, N. Y.—Bond Sale.— On June 9 the four issues of months from March 1, 1903, to March 1, 1912, inclusive, and
3%# bonds described in the Chro n icle June 7 w ere awarded $300 on July 1, 1912. Certified check for $200 required.
to N . W . Harris & Co., N ew Y oik , at prices given below :
Joh nson County, T exas.—Bond Sale.—This county has
*15,500
*40,000
*5.000
*18.000 sold $20,000 3# bridge bonds to the Perm anent School F un d
R e fu n d in g
E x p e n s e G rade-cross- R e f u n d ’ ’
of Johnson County and $30,000 bonds of the same issue to
B o n d s.
B o n d s.
iuej B o n d s.
B onds.
. 100-78
100-63
100-93
100-83
the State Perm anent School Fund. D enom ination of bonds,
. 100-336
100-336
100-330
100-33
M. A. Stein & Co. (all or n
. 100-01
loo-oi
100-01
ioo-oig $1,000. Date, April 12, 1902. M aturity, April 12, 1942; op­
S, A. Kean. Chicago.........
.. 100 90
100-60
10P10
tional April 12, 1912.
Geo. M. Hahn, New York.
100T3
. 100-00
Johnstown (P a .) School District.—Bond Sale.—On June
100-00
100-00
100-00,}
10 the $35,000 '6% 5 30-year (optional) bonds described in the
%
have agreed to take at par $54,000 3)^# bonds w hich this city C h r o n i c l e June 7 were awarded to Rudolph K leybolte &
proposes to issue.
Co., N ew York, at 100-228 and interest.
Kansas City, Mo.—R(d« Rejected—Bond Offering.— A ll
F a lm ou th , M ass.—Bond Sale.—It is stated that an issue of
$150,000 3]^# 1-30-year (serial) water bonds has been sold to bids received May 21 for the $140,28124 “ Series J ” and
Eatabrook & Co. of Boston.
$4,953 64 “ Series K ” park-fund certificates described in the
I ernan d ina, F la.— Bond Sale.—On June 4 the five issues Chronicle May 10 were rejected. Proposals are again asked
of 5# 80-year bonds, aggregating $75,0C0, were awarded to the for these bonds, this tim e until June 25, by Geo. E. Kessler,
First N ational Bank of Fernandinaat 108-26—a basis of about Secretary Board,of Park Commissioners.
4J£#. F ollow in g are the
Kenton, Ohio.—Bond Offering.—Proposals w ill be received
First Nat. Bank, Feraandlna.... 181,200 I Feeler, Holzman & Co.. Cln.... (
ao- until July 22 by John P. Dugan, City Clerk, for $50,000 4#
I MacDonald, McCoy & Co.,Chl. S
park bonds. A uthority, vote 1,427 for aud 103 again st at
Three other bids were received but not considered, as they election held June 4, D enom ination, $1,000. M aturity,
did not com ply with advertisem ent.
$10,000 yearly on Oct. 1 from 1920 to 1924, inclusive.
For description of bonds see Chronicle April 19, p. 844.
Bond Sale.— On June 3 $10,000 4# refunding bonds were sold
Foley School D istric t No. 45, Denton County, M inn.— to the F irst N ational Bank of Kenton at 101-40. Denom ina­
Bowl Offering.—Proposals w ill be received u ntil 8 p. m„ tion, $1,000. Date, June 2, 1902. Interest, April 1 and Oct.

1J08

THE CHRONICLE.

1, M aturity, 51,000 on Oct, 1 yearly from 1903 to 1906, in­
clusive, and $6,000 on Oct 1, 1907.
King ( onu!y <V <inli.) School D istrict No. 105.— B o n d
\
S a le .
On June 2 *300 t H bonds of this district were sold to
Win. D. Perkins *te Co of Seattle at 100-812.
King County (W aali) School D istric t No, 110 Bond
S a te . —
On June 2 the $3,5M) 5 15 year (optional) bonds d e ­
scribed m the Chronicle May 10 were awarded to Wm. D.
Perkins & Co,, Seattle, at 100*028 for 5>£ per cents. Thomp­
son, Tenney A Crawford Co. and T. B. P otter of Chicago
also sent in bids for the bonds.
La G range, Ohio. — Bond Offering.—Proposals wili be re­
ceived until July 15 by F, B. G-ott, Secretary Monument
Commission, for $3,000 5 % soldiers’ m onum ent bonds. De­
nomination, $500. Interest semi-annually at People’s Bank
of La Grange M aturity, $500 yearly on Sept. 1,
Lakewood, Ohio . — B o n d S a t e ,—On June 7 the $8,000 5 %
2-7-year (serial; lire protection bonds described in the Chron­
icle May 17 were awarded to W. J. Hayes & Sons, Cleve­
land, at 100-266. Following are th e bids :
W. J. Hayea .* -ns, Clare $3,008 00 | IT L. Fuller &Co., Cleveland.. 3,001 00
.
Lamprecht Bros. Co., CXeve... 3 ,0 0 8 90 |
Lam berton, M inn,—bond Offering.—Proposals will be re­
ceived until 8 P. M., Ju ly 7 (not June 27, as at first adver­
tised), by C. A. Zieake, Village Recorder, for $5,000 5# lightplant bonds, Securities weie authorized at an election held
May 5, 1902. Denomination, $500, Date, Ju ly 1, 1902. Ma­
tu rity , Ju ly 1, 1912, Interest semi-annnually in Chicago,
Blank bonds to be furnished by purchaser, Bonds originally
offered for sale on June 2, b u t the notice of sale published at
th at tim e was found to be illegal.
Lynn, Mass,— Bond Sale.—On Ju n e 12 $56,000 3 % % publicimprovem ent bonds were awarded to Loring, Tolman &
Tupper, Boston, a t 10i -0146. Following are the bids :
Loring,Tolman & Tupper, Bos.l01*9116 I Blake Bros. &Co., Boston....... 101-26
Adams &Co.. Boston __...101*88 Jose, Parser ACo., Boston..... .101-243
R. L. Day &Co.. Boston........ 10P667 I Lee, Higginson 3t Co., Boston. . 100 97
Bstabrook < Co., Boston .... .101-45 | Dennett. Crane &Blanchard—100*813
s
K H. Rollins & Sons, Boston..101*437 1Parson, Leach < o., New York.l00*767
.
fcC
Blodget, Merritt &Co.,Boston.101* 8 I
2
M acksburg, Ohio.—Bond Offering,—Proposals will be re­
ceived uniil 12 M., Ju n e 25, by W. E. Fischer, Village Clerk,
for $3,000 6$ public-hall bonds. Denomination, $200. Date,
Ju ly 1, 1902. Interest senai-annnally a t office of Village
Treasurer. M aturity, $200 yearly on Ju ly 1 from 1904 to
1918, inclusive. No bonds outstanding a t present.
McLennan County, T exas.—Description of Bonds.—The
$25,000 court house and jail bonds recently sold to the State
School Board are p a rt of an issue of $250,000 bonds dated Oct.
10, 1900. Securities carry 3£ interest and are redeemable at
the option of the county after ten years.
Madison County (P . 0, Canton), Miss.—Bond Offering.—
Proposals w ill be received until^lS m., Ju ly 7, by C. S. Priest­
ley, Clerk Board of Supervisors, for $70,000
5-25-year
(optional) refunding bonds.

The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
M adison County, O hio.—b o n d Offering.—Proposals will

be received u n til 13 m ., June 21, by B, A. Taylor, County
Auditor, for $12,270 4$ ditch bonds as follows :
*900 Buswell ditch bonds. Maturity, one bond of $90 semi-annually Jan. 1,
1903, to July 1,1907, inclusive.
960 M. Bidwell ditch bonds. Maturity, one bond of $160 semi-annually Jan.
1.190s, to July 1, 1905. inclusive.
240 Mitchell ditch bonds. Maturity, one bond of $40 semi-annually Jan. 1,
1903, to July l, 1905, inclusive.
1,410 L. Bidweli ditch bonds. Maturity, one bond of $235 semi-annually Jan. 1,
1903, to J uly 1, 19)5, incluslve.
8,480 M. Bidweli ditch bonds. Maturity,one bond of $248 semi-annually Jan. 3,
1903. to July 1,1907, inclusive.
420 M. Boysel ditch bonds. Maturity, one bond of $70 semi-annually Jan. 1,
1903, to July 1,1905. inclusive.
1,320 H. C Wilson ditch bonds. Maturity, one bond of $220semi-anmtally Jan.
.
l, 1903, to July 1.1905, inclusive.
2,500 Morain joint ditch bonds. Maturity, one bond of $250 semi-annually Jan.
1.190*3, to July l, 19.> inclusive.
7.
2,040 Mock joint ditch bonds. Maturity, one bond of $340 semi-annually Jan.
1, i9uS, to J uly 1,1906, inclusive,
Date, Ju ly 1, 1902. Interest, gemi-annual. A uthority,
Sections 4479, 4481 and 4482, Revised Statutes of Ohio, Cash
to the am ount of 5 % of the bonds bid for required.
M anchester, N, H.—Bond Offering.—The Common Council
has authorized the issuance of $80,000
2 0 year tax-ad­
justm ent bonds. Proposals for these bonds, it is stated, will
be received until 2 p. M,, Ju n e 20. Date of bonds, July 1,
1902.
M anistee, Mich.—Bond Sale,—'T he $125,000 4# street-re­
pair and paving bonds offered for sale on May 27 were aw ard­
ed on June 11 t o the F irst National Bank of Manistee at par.
For d e s c r ip t io n o f bonds see C h r o n i c l e May 24, p. 1104,
Manitowoc, WIs.—Bond Sale,—On Ju n e 2 the $25,000 3* 0
im provem ent bonds recently voted were sold to the M anito­
woc Savings Bank a t p a r.
M echanicsville, N. "S.—Bond Offering.—Proposals will be
received until 8 p. m ., June 16, by N, W. Kelso, Village
Clerk, for $30,000 paving bonds. A uthority, Section 128,
Chapter 414, Laws of 1897, Denomination, $576 92. Date,
one series of $15,000 July 1, 1902, and one series of $15,000
Ju ly 1, 1903, Interest annually on Ju ly 1. M aturity, one
bond of each series yearly, beginning five years after date of
issue. Certified check for 5$ of the am ount of bonds, pay­
able to N. T. Bryan, Village Treasurer, is required. Bonds
to be sold at par to the party offering to taue them at the
lowest rate of interest.
M ercer County, OMo.—Bond Sale— On June 6 $15,000 4%
im provem ent bonds were awarded to Rudolph Kleybolte &
Co., Cincinnati, a t 100'566. Following are the bids :

[Yo . LX IV
l
X .

a..Kleybolte A Co., Clnoiu...$16,085 00 | First Nat. Bank, Cellna....... $15,045 00
Columbus H &Trust Co... 16.060 00 Heasongood < Mayer, Otncin. 15,025 25
av
&
Commercial B’k, Co., Cellna 16,046 00 I Lamprecht Bros. Co., Cieva.. 15,012 00
M ilnor, N. t ) a k . - B o n u s A u t h o r i z e d , — The issuance of
$2,900 0 % 20-year artesian-well and w ater bonds has been
authorized. Interest, annual, Denomination, four of $500
and one of $900. Date of sale not fixed,
M ilwaukee County, Wig. — B o n d s A u t h o r i z e d . — T h e Board
of Supervisors has authorized the issuance of $85,000 countyhospital bonds.
M ineral Welle, T exas,—Bonds Sold.—The State Comp­
troller has registered an issue of $9,000 water and $3,000
fire-hall bonds. Securities have been sold at par to the State
Perm anent School Fund,
M innesota . — B o n d O f f e r i n g .—Proposals in duplicate will
be received until 12 M., Ju ly 1, at the office of ibe Board of
State Capitol Commissioners, No. 512 Endicott Building, St.
Paul, for $200,000 3% certificates of indebtedness. Date, July
1, 1902. Interest, semi annual. M aturity, $100,000 July 1.
1910, and $100,000 July 1, 1911. C hurning Seabury is VicePresident of the Board.
M oniteau County, Mo.—Ronds R eg istered . -The State
Auditor on June 6 registered $10,000 5# 1-5-year jail bonds.
Monroe City, Mo.—Rond Sale.—On May 10 the $15,000 5#
electric light-plant bonds were awarded to the Bank of H an­
nibal at 105 50. Following are the bids :
Bank of Hannibal.. ...........$15,825 00 I G M Brinkerlioff, Sp'gf'd.$15,450 00
-eo. .
Farmers’&Merchants’Bank,
I Trowbridge & NlverCo..Ghlc. 15,441 00
Hannibal........................ 15,787 60 I UumDreciu Bros. Oo„Oleve,, 16,403 00
H, B. Mudd, Monroe City 15,766 00 | Amer. Central Tr. Co.. St. L. 16,375 00
Jno. Nuveen &Co., Chicago.. 15,605 00 K.V.Montague &Co., K. City 15,305 00
w. J. Haves A Sons, Oieve... 16,66.) 00 J. Arnold Bcudder &Co., Chi. 15,327 00
W 11 Dulany, Hannibal..... 16,625 00 I Wm. C Little & Co., St. L_ 15,31000
.
.
W H. Dulauy, llannlbal..... 15,505 00 I Obas. H. Collin. Chicago...... 15,201 00
.
MacDonald,McCoy &Co-Chl, 16,487 50 Sharp &Berry Bro.,Carthage. 16.150 00
Missouri Tr. Co., St. Louis... 15,487 50 I Thos. Proctor (for $7,50u)
7,725 00
N. W. Harris A Co., Chicago. 15,460 60 |
These bonds are as described in the Chronicle May 24,
except th a t the m aturity is July 1, 1922, one-half being o p ­
tional after July 1, 1907, and one half after Ju ly 1, 1912,
instead of the optional dates being 1912 and 1917, respectively,
as we were originally advised.
M ontclair, Essex County, N. J .—B o n d O ffering.— Propo­
sals will be received until 8 P. M., Ju n e 23, by H arry Trippett, Town Clerk, for $100,000 3 % .% gold refunding school
bonds. A uthority, Act of Legislature, March 23, 1899, De­
nomination, $1,000, Date, July 1, 1902. Interest semi-annu­
ally at the Bank of Montclair, M aturity, July 1, 1932.
The official n o tic e o f th is bond offering w ill be fo u n d am ong
the a d ve rtisem e n ts elsewhere in th is D ep a rtm en t,
Montgomery, Ala.—B o n d S a le.— The $75,000
40-year

bonds offered but not sold on Feb, 12 have ju st been disposed
of to Spitzer & Co,, Toledo, a t 100-60. F or description of
bonds see Chronicle Feb. 1.
M ontreal, Quebec.—B on d S a le,— On June 4 the $2,000,000
3%% registered stock described in the C h r o n i c l e May 24
were awarded to Coates Sons & Co., London, at 98*20.
M ount Pleagant, Texas.—B o n d s to be S old a t P r iv a te Sale.
—We are advised th a t the $20,000 H 40-year w ater bonds de­
scribed in the C h r o n i c l e last w e e k will be s o ld at private
sale to such parties as offer a price which in the opinion of
the Board of Aldermen will be a fair one to the city.
New B rita in , Conn. - B o n d O ffering.—Proposals will be
received until 8 p. M., June 21, by S. H. Stearns, Chairman
Board of Sewer Commissioners, for $100,000 3ff0> sewer bonds,
Authority, Act of Legislature approved June 17, 1901. Date,
July 1, 1902. M aturity, July 1, 1932. Accrued interest to be
paid by purchaser. Certified check for $1,000, payable to the
City Treasurer, required.
Newton, Mass.—D escrip tio n o f B on ds— The $35,000 w ater
bonds recently authorized will be put out in denomination of
$1,000, dated June 1, 1902. Interest, 3
payabl e at the
National Bank of Redemption, Boston, or at the City Treas­
urer’s office. M aturity, June 1, 1932. Date of sale not de­
termined. .
Norfolk, Ya.—B o n d O ffering. —Proposals will be received
u ntil 12 M , June 16, by H . S. Herm an, City Treasurer, for
$460,000 4 % A tlantic City W ard street-im provem ent bonds.
Denomination, $1,000. Date, Ju ly 1, 1902. Interest semi­
annually in Norfolk. M aturity, J u ly 1,1932. Bonds exempt
from city taxes, Official circular states th at no default has
ever been made, and th a t no litigation is pending or threat­
ened affecting these bonds, Certified check for 1# of par
value of bonds bid for m ust accompany proposals, and a fu r­
ther deposit of
required of purchaser upon notification of
allotm ent. Checks to be made payable to the City Treasurer.
The official n o tice o f th is bon d offering w ill be f o u n d am on g
the a d ve rtisem e n ts elsewhere in th is D ep a rtm en t,
N o rth p o rt (N. Y.) U nion F ree School D istric t.—B onds
V oted. —This district on May 28 voted to issue $12,000 school

bonds.
Norwalk, Ohio . — D e s c r i p t i o n o f Bonds.—The $10,000
water-pipe bonds recently authorized will be issued in de­
nomination of $250, dated June 1, 1902, Interest M arch 1
and Sept. 1 at the office of the City Treasurer, M aturity,
$250 each six months from March 1, 1903, to Sept. 1, 1923.
inclusive.
B o n d S a le. —On June 9 the $3,200 5* real-estate bonds de­
scribed in the Chronicle May 10 were awarded to H arry E,
Weil & Co., Cincinnati, at 107 493. Following are the bids
H. E. Well &Co., Cincinnati..*8,431*79 I W R. Todd A Co.. OIndnnatUfS.881 00
.

THE CHRONICLE.

J une 14, 1902,]

N o r w ic h , C o u n .— I n ju n c tio n D is s o lv e d — T h e tem porary
m junction to restrain the city from issuin g $300,000 water
b o n d s referred to in the C h r o n ic l e May 17 has been dls3LH V O U •

O k o lo n a , M iss,— Bond Offering.—We are advised by E. J.
E zell, P resid en t O kolona H anking Co., th at he w ill receive
proposals u n til Ju ne 80 for $30,000 refunding and $10,000
electric ligh t-im p rovem en t 5£ 20-year bonds.
A u th ority,
election M ay 12.
O neida C ounty, N. Y —Bond Sale.—' he $350,000 '4%
T
%
court-house bonds offered but n ot sold on Ju ne 5 w ere d is­
posed of on Ju ne 10 to the U iio a T rust & D eposit Co. at 101’50,
the in stitu tio n agreeing to pay
interest on the average
daily balance o f the proceeds of the sale.
O t s e g o T o w n sh ip ( P . O. H a m i l t o n ) , S t e u b e n C o u n t y ,
I n d . — L a a n N e g o tia te d —T his tow nship on Ju n e 5 sold at
101 to lo ca l parties $4,500 G£ 1-3-year (serial) tow n sh ip bonds,
P a t t o n s b n r g (M o.) S c h o o l D i s t r i c t . — Bond Sale.—O n May
29 th is d istrict sold the $12,000 4%% sch ool-b uild in g bonds
m entioned in the C h r o n i c l e May 24 to J. W . M eade of G al­
latin , Mo. D enom ination, $500.
Interest payable at th e
M erchants L acled e N a tion al B a n k of St. L onis. M aturity,
1922, optional after 1907.
Payne
S p e c ia l S c h o o l D is tr ic t, P a u ld in g
C o u n ty ,
O h io .— B ond S a le — On Ju ne 5 $15,000 5% school-house bonds

w ere awarded to Seasongood & M ayer, C incinnati, a t 106*266
and interest F ollo w in g are th e bids :
Seasougood & Mayer. Cin.. ..$15,940 00 Denison, Prior & Co., Cleve., $15,865 00
P 8. Briggs & Co., Cincinnati. 15,886 00
Columbus Sayings & Tr. Co.,
Columbus........ .................. 15,940 00 Payne State Sav. Bank......... 15,717 00
State Sav. Bank, Toledo....... 15,925 00 New 1 st Nat. B’k, Columbus. 15,635 00
Lamprecht Bros. Co., Cleve.. 15,932 60 i F. L. Fuller & Co., Cleve...... 16,626 00

A u th o rity , St ctions 3991, 3992 and 3993, R evised S ta tu tes
o f O hio. D enom in ation , $1,000. Date, June 5, 1902. In ­
terest, sem i-annual. M aturity, $1,000 yearly on Sept. 30
from 1903 to 1917, in clu sive.
P e r r y C ounty ( P . O. New L e x in g to n ), O hio .— B o n d O ffer­
in g .—Proposals w ill be received u n til 12 m ,, J u ly 10, by S.
W . Pascoe, C ounty A uditor, for $35,000
infirm ary-bu ild ­
in g bonds. D enom ination, $1,000,
Date, J u ly 20, 1902.
In terest, sem i-annual. M aturity, $5,000 yearly on J u ly 20
from 1903 to 1909, inclu sive. Certified check lor 5£ of bonds
required.
N E W

1269

P la to , M in n .— Bond Offering.—Proposals w ill be received
until 7 i*. m ., Ju ne 30, b y th e V illage C ouncil, D. B ergm ann,
P resid en t, lor $6,000 4% village-hall and lock-np bonds.
A uthority, Chapter 200, G eneral L aw s of 1893. D enom ina­
tion, $500. D ate, J u ly 1, 1902. Interest, annual. M aturity,
one bond yearly. Certified check for $100, payable to A rthur
J. R ieger, V illa g e R ecorder, required.
P la tte C o u n t y , N e b .— Bondn Defeated.—T he proposition
to issue $65,000 '4%% court-house bonds w as d efeated by a
vote of 690 for to 1,575 against at th e election held Ju ne 3,
P o in t P le a sa n t, M ason C ounty, W. Ya . — B o n d O fferin g . —
Proposals w ill he received u ntil 1 p . M , J u n e 28, by J. M.
B urdett and J. Friedm an, C om m ittee, for $30,000 4% coupon
refu nd ing bonds. D enom ination, $500. D ate, Sept. 1, 1901.
In terest annually on Sept. 1 at th e M erchants’ N a tion al
B ank of W est V irgin ia, P oin t Pleasant. M aturity, 34 years
after date, optional after 10 years.
P o t t s v ille ( P a .) S c h o o l D is tr ic t.—Bonds Authorized.—
The issuance of $115,000
refu n d in g bonds has been a u ­
thorized.
K e(l f ie ld , S . D a k .— Bond Sale.—On Ju n e 2 $9,000 5£ elecr.rict-light bonds w ere aw arded to th e M erchants’ Bank of
Redfield at 102'033 and blank bonds. F o llo w in g are the bids :
Merchants’ B’k of Redfleld...* ........
T. B. Rotter, Chicago............ +$9,183 00
-----* Blank bid “as much as highest bid
Interest payable in Chicago.

D enom ination, $500. In terest, sem i-annual, M aturity, 10
years.
R i d g w a y , P a .— Bond Sale.—On J u n e 5 $26,000 4% 5-30-year
(optional) w ater and refu n d in g bonds w ere aw arded to
H arry R. H yde of R id gw ay at 104T9, F o llo w in g are th e
b id s :

H arry R. Hyde. Ridgway...........104*19 I John G. W hitm ore........................101*50
Lamprecht Bros. Co., Cleve...... 103‘4o |

D enom ination of bonds, $500. In terest, sem i-annual.
R o c h e s t e r , N. H .—Loan at Private Sale.— W e are advised
th a t th e $10,000 refu n d in g school loan m ention ed in th e
Chronicle May 24 w a s placed by p rivate n egotiation s.
R u s h T o w n s h ip ( P a .) S c h o o l D is tr ic t .—Bond Offering.—
Proposals w ill be received u n til 12 m ., Ju ne 28, by 8 . S hafer,
Secretary, for $3,000
bonds. D enom in ation , $100. M a­
tu rity “ any tim e after three years.”

NEW LOANS.____

L O A N S

^ 4 6 0 ,0 0 0

TO

W. C. Foster, Tracey............... $9,101 00
Lamprecht Bros. Co.. Clove... 9,000 00
S. A. Kean (less 2% commis ).. 9,00000
and payable In city.” + Principal and

HOLDERS

N E W

L O A N S .

$ 7 0 ,0 0 0

OF

CITY OF NORFOLK, VA,, GALVESTO N (T E X A S ) DOVER, NEW JE R SE Y ,
30

-Year 4 -% Coupon Bonds

O f * 1 ,0 0 0 E a c h ,
* 4 6 0 ,0 0 0 D ue J u l y 1 s t , 1 9 3 2 .
I n t e r e s t P a y a b l e J a n u a r y 1 s t, a n d J n l y 1 st.
Sealed proposals will be received at the office of
the City Treasurer of Norfolk, Va., until 12 O’CLOCK
M., MONDAY, JUNE lPth, 1902,fo- $460,' 00 foor (4)
per cent semi-annual Thirty (30) year Coupon
Bonds, issued for W ater. Sewerage. Raving and
other permanent improvements in Atlantic City
Ward.
Bids may be for th e whole or part of said bonds,
and m ust state price and accrued interest.
Bonds issued in dtnom ication of $1,000 each, and
dated July 1st, 1902. Bonds and Interest payable in
Norfolk. All bonds to be issued as Coupon Bonds,
but purchasers to have privilege of having same
registered.
Bidders to enclose check for one per cent of par
value of amount bid for. Immediately upon notifi­
cation of allotment a further deposit of four per
cent cf par value of amount allotted shall be made.
Four (4) per cent interest will be allowed successful bidders on the five (5) per cent paid In, from the
tim e of receipt of the four (4) per cent until bonds
are ready to be delivered.
It is proposed to deliver the bonds to purchasers
on l yf, of .J aJy, 1902, bur, if fur any reason delivery
should be delayed beyond th a t date, purchaser will
be required to pay accrued interest to time of
delivery. The remainder of the purchase money to
be paid immediately after purchasers are notified
that, bonds are ready for delivery.
Checks to be drawn on some State or National
Bank, certified and made payable to order of H. S.
Herman, City Treasurer of tbe City of Norfolk Ya
The right is reserved to reject any or all bids. ’
WM. W. OLD,
Chairman Finance Committee, Common Council.
CHARLES H. CONSOLVO,
Chairman Finance Committee, Select Council.
Tost©'
H. 8. HERMAN, City Treasurer.

INVESTMENT BONDS.
SEND FOR LI8T.
D E N I S O N ,

CLEVELAND.

P R I O R

&

6c

C o

BANKERS,

16

Congress Street, Boston.

3 0 NAWHAIJ S T R E E T , NEW Y O R K .
S T A T E , C IT Y & R A I L R O A D

A proposition for an adjustm ent of in terest
now in default, and for future prom pt paym ent
of in terest, has been m ade by authorized re p re ­
sentatives of tbe City of G alveston to tbe Com­
m ittee appointed by holders of G alveston bonds.
A copy of th is proposition is being sent to hold­
ers of G alveston (bonds who are parties to tbe
bondholders’ agreem ent.
I t is im p o rtan t to all bondholders as well as
to tb e City of G alveston th a t tbe action of tb e
bondholders be as nearly unanim ous as possi.
ble. Tbe city is ready to prom ptly and reg u ­
larly do all th a t it believes to be in tbe city’s
pow er to p reserve its credit and to p ro te c t tbe
city from dam age by fu tu re storm s. The pres­
en t plans contem plate an expenditure of about
$3,500,000 for construction of sea-wall and
filling, w hich, if accomplished, will, it is be­
lieved, prove an absolute protection to th e
city, establish its fu tu re status, and m ake the
o u tstanding City bonds good beyond question.
The holders of G alveston bonds who have
not signed tb e bondholders’ agreem ent are re­
quested to com m unicate w ith tbe Secretary,
M. I. Mirick, 49 W all Street, for fu rth e r par
ticulars.
C H A S. S. F A I R C H I L D , 1
JO H N W . H E R B E R T ,
C H A R L E S JG. B A L L O U ,
J . JL. L R V M H N ,
) C o m m it t e e .
J O H N XV. E D M I N S O N ,
J O H N I». H O W A R D ,
N . XV. H A L S E Y ,
)

Sealed proposals will be received by tbe
Mayor, Recorder, A lderm en and Common
Couucilmen of Dover a t tb e office of the Town
Clerk, Dover, N. J ., un til 8 O’CLOCK P. M.
JU N E 30, 1902. for the purchase of W ater
Loan Bonds of tbe said Town of Dover, in tbe
State of New Jersey, am ounting in tb e aggre­
gate to $70,000. Said bonds are issued by tbe
Town of D over u nder au th o rity of an A ct of
tbe L egislature of tbe State of New Jersey, en­
titled “ An act to enable incorporated tow ns to
co nstruct w ater works fo r tb e extinguishm ent
of fires and supplying the in h ab itan ts thereof
w ith pure and wholesome w ater,” passed
M arch 5, 1884, and tb e several supplem ents
thereto, and in pursuance of a resolution of
tb e M ayor, Recorder, A lderm en and Common
Coun oilmen of Dover, passed Ju n e 9,1902, and
are non-taxable. Said bonds are in tbe denomi­
nation of $1,000 and b ear date Ju ly 1,1902,
payable in 20 yeaTS from Ju ly 1,1902. a t tbe
N ational Union Bank, Dover, N. J., w ith th ree
and one-balf p er cent in te re st coupons a t­
tach ed ,' payable sem i-annually a t tbe sam e
place. Said bonds will be issued by tb e Town
T reasurer a t such tim es and in such sums as
tb e Town Council m ay require w ithin one y ear
from date. In te re st to commence from tim e
of issue.
Tbe rig h t to reject any and all bids is hereby
reserved.
E ach bid m ust be sealed and endorsed “ Bond
Bid.”
Said bids w ill be opened by tbe Common Coun­
cil a t the Council Rooms in tbe Engine House,
Dover, N. J., on MONDAY. JU N E 30, 1902,
a t 8 o’clock iu tbe evening of said day.
No bid or bids w ill be accepted for said bonds
a t lesb than par.
D ated D over, N. J., Ju n e 12, 1902.
HARRY S. PETERS,
L. D. T illy ek , Clerk,_____________Mayor.

MacDonald, McQoy & Go.,
M U N IC IP A L

C O

BOSTON.

B lo d g ef, M erritt

WATER LOAN BONDS.

BONDS.

BO N D S.

AND

C O R P O R A T IO N

B O N D S .

Geo. D. Cook Company,
IN V E S T M E N T S E C U R IT IE S ,

Counselman Building, 238 La Salle St.,
CHICAGO.
Broad Exchange Building, 25 Broad StNEW YORK.
M e x ic a n G o v e r n m e n t a n d S t a t e B o n d s .

,

171

L a S a lle S tr e e t, C h ic a g o .

F. R . F U L T O N

M
171

unicipal

LA

8

ALLE

B

&

G O .,

onds,

STREET,

CHICAGO.

1270

THE

C H R O N IC L E

liy e i n. if.) U nion f r e e So bool D istr ic t No. 1.—Bond
/Scile.- - On J a n e 2 th e $12,000 '& % s c h o o l b o n d s d escrib ed in
%
th e C h r o n ic l e M ay 31 w ere a w a rd ed to J n o. D . JEveiitt &
C o,, N ow Y ork , at par.
S a le m , Ohio.— Bond O ffering .— P r o p o sa ls w ill b e re ce iv e d
u n til 12 m , , J a n e 28, by G eorge H o lm e s, C ity C lerk,' for
114,1)10 4% cel u tiding bond s, D e n o m in a tio n , $1,C00. D a te ,
J a n e 15, 1902. Inter, st, an im al. M a tu r ity , $ 1 ,(0 0 y e a r ly on
J u n e IS fro m 19u3 to 1918, in c lu siv e . A d r a ft fo r $300 req u ired .
S an g'an ion C o u n ty (1J. O. Spring H eld ), 111.—B o n d S a le .—
On J un ■ ih e $175,000 SLyt fu n d in g b on d s d esc rib ed in th e
/
C h r o n ic l e M ay 3 i w ere a w a rd ed to th e S p r in g fie ld M arine
B an k at 100 057. T h e o th e r b id d ers w ere th e I llin o is N a tii)iinI lOick, $20,100 ,it par; S. A , K e a n , C h ica g o , par leBS
c o iu tn ir s io r ; N , W . H arris & C o ., C h ica g o , 98}^.
S a n ta M o n ic a S c h o o l D is t r ic t , L os A n g e le s C o a n ty , C al.
— Bond Sale,— On J u n e 8 $12,000 5% bonds w ere a w a rd ed to
th e O ak lan d B ank of S a v in g s a t 104. F o llo w in g are t h e bids;

in the sum of $200 required. Blank bonds to be furnished by
purchaser.
Proposals will-algo be received by the same official n ntil
12 m June 28 for $30,000 5$ bonds. Denomination, $1,000,
Date, July 1, 1902, Interest, semi-annual. M aturity, $1,000
each six months, Jan. 1, 1912, to July 1, 1928, inclusive.
M o n ey or check for $500 required. Blank bonds to be fur­
n ish e d b y p u rch a ser,

O akland Uottli o f S a v in g s... *12,480 C I L. H , Gondtlle .......................... »12,352 12
O
Isa a cS p rin g er, P asadena
12,860 00 | i f . O. R ogers, P a s a d e n a ...... 12,20000

D e n o m in a tio n o f b on d s, $1,000. In te r e st a n n u a lly a t office
o f Ci unt v T reasu rer. M a tu r ity , $1,000 y e a r ly on J u n e 18
from 1903 to 1914, in c lu siv e .

Sea CHIT Union Free School D istr ic t No. 24, Town of
Oyster Day, Nassau County, N. Y.—B o n d Sale.— On June 7
th e $10,000 4‘ 10- 19-year (se r ia l) sc h o o l b o n d s d esc rib ed in
t
th e C h r o n ic l e M ay 81 w er e aw a rd ed to O’C onnor & K a h ler,
N e w Y ork C ity , a t 104 51 an d in te r e st. F o llo w in g are the
b id s :
O'Connor & K ahler, N ew Y ork .. 104-51 | M. A . S tein & Co., N ew Y ork ...lO P 21
G eo. Al. H ah n . N ew f o r k ............104 07 I L aw rence B arnum & C o.,N . Y.. 101*00

Shelby, Ohio.— B o n d O ffering.— P rop osals w ill b e receiv ed
n n t il 12 M. to d ay (J u n e 14), b y R . P . B r ic k e r, V illa g e C lerk,
fo r th e f o llo w in g 5# W h itn e y A v e n u e im p r o v e m e n t b o n d s :
F irst Series—$1,300, m atu rin g on e bond o f $260 yearly on J u ly 1,1903 to 1907,
lncl ustve.
Second S eries—*900, m atu rin g on e bond o f $180 yearly on J u ly 1 from 1903 to
1907, In clu sive.
Third Series—$1,150, m atu rin g on e bond o f $230 yearly on Ju ly 1 from 1903 to
1907, in clu siv e.

Authority, Section 2705, Revised Statutes of Ohio. Date,
Ju ly 1, 1902. Interest, sem i-annaal. Either money or certi­
fied check on some Shelby bank, payable to the V illage Clerk,
N E W

N E W

L O A N S .

DOUGLAS COUNTY, NEB,,
Office o f t h e C ounty Clerk, D ouglas County,
Omaha, N eb., Ju n e, 1902.
P u rsu a n t to th e term s o f a resolu tion adopted by
th e B oard o f County C om m ission ers ( f D ouglas
County, N ebraska, o n t h e 17th day o f May, 1902, for
th e refu n d in g o f t h e 8268,000 o f th e rem aining
bonded in d eb ted n ess o f said County, issu ed January
1st, 1870, and fo r callin g in and retirin g an issn e o f
fiv e per cen t bonds in th e sum o f $268,000, dated
J u ly 2d, 1887, t h e County Clerk is hereb y directed to
forw ard copy o f th is n otice th rou gh th e Fiscal
A g en cy to holders o f th e said in d eb ted n ess o f J a n u ­
ary 1st, 1870, and to h old ers o f said issu e o f bonds
d ated J u ly 2d, 1887, th a t said in d eb ted n ess in th e
sum o f $268,000 to g eth er w ith in te rest th ereon at
fiv e per cen t p er annum to Ju ly 1st, 1902, w ill he
paid on J u n e 20th, 1902, at th e N ebraska S tate F iscal
A g en cy in th e City o f N ew York, and th a t said lastm en tio n ed b onds h avin g b een issu ed w ith ou t
a u th ority of law are void , th e sam e w ill b e ta k en up
and retired . F urther n otice is g iv en th a t in te rest
on said ou tstan d in g in d eb ted n ess from an d a lte r
J u ly 1st, 1902, w ill cease.
B y order o f th e Board o f County C om m issioners
Of D ou g la s County. Nebraska.
P E T E R G. H O FE L D T ,
Chairm an Board of C ounty Com m issioners.

Springfield, Ohio .—B onds P roposed .—Au ordinance is be­
fore the City Council providing for the issuance of $30,000
water bonds.
S p riu g v llle, N. Y . B onds V oted ,—'This village on June
10 voted to issue $0,000 water-extension bonds.
Taos Couuly, New Mex ,— B ond S ale .—The $45,000 5$ 20-30 year (optional) refunding bonds offered for sale on June
2 were awarded on June 3 to The Lamprecht Bros. Co.,
Cleveland, at par. Bonds were described i n C h r o n i c l e May
10, p. 1003,
Tarentnm , P a.— Fond Offering.— Proposals w ill be re­
ceived until 4 p . M., June 18, by F, A. Ready, Borough
Clerk, for $13,000 4% floating debt bonds and $2,500 street­
opening and widening bonds. Denomination, $500. Date,
June 1, 1902, Interest, semi-annual. Maturity, June 1, 1932.
Certified check for $500 required,
Taunton, M ass .—B ond Offering .—Proposals w ill be re­
ceived until 7:30 p, M., June 17, by Edward H, Temple, City
Treasurer, for $175,000
electric light-plant improvement
bonds. Denomination, $L,000 (or m ultiple if registered),
dated June 2, 1902, Interest semi annually at Atlas N ational
Bank, Boston, or at office of City Treasurer, M aturity,
June 1, 1932.
U nion (T ow n) School D istrict, H udson County, N. J .-~
B on d Offering. —Proposals w ill be received until 8 P. m „
June 17, by John J. Phelan, Clerk of the Board of Education
of the Town of Union (P, O. W eehawken) for $60,C O 4^ff
O
coupon bonds. Denomination, $1,000. Interest, semi-annu­
ally. Maturity, $5,000 annually, beginning Feb. 1, 1917.
Bids m ust be accompanied by a certified check for 5# of the
total amount of bonds to be issued, made payable to Louis
Forman, Town Treasurer.
Venice School D istr ic t No. 1, Twp. 8, R. 10, M adison
County, 111.—B ond S a le — On June 10 the $18,000
1-18-year
N E W

L O A N S .

OITY OF WINNIPEG

NOTICE TO BONDHOLDERS.

DEBENTURES.
SEALED TENDERS addressed to “the
Chairman of the Finance Committee,” and
marked “Tender for Debentures,” will he re­
ceived at the Office of the City Comptroller,
City Hall, Winnipeg, Manitoba, up to 3:30 P. M.
on
FRIDAY, THE 27TH JUNE NEXT,
for the purchase of

§ 5 7 8 ,3 9 4 0 6

of City of Winnipeg debentures bearing inter­
est at the rate of 4 per cent per annum, payable
half-yearly. Principal and mterestpayable (in
gold or its equivalent) at the Canadian Bank of
'ommerce, Winnipeg.
7 years........... ........................ . $71,420 20
10 years.............................. - ............ 39,599 53
15 years..... ................ .................. . 104,829 92
20years.............. .......... ........ -....... 181,75189
H A R R Y C. M IL L E R , C ounty Clerk(Theabove dated 30th April,1902.)
30 y e a r s .................---- ------ ... 180,192 52
(Dated 31st May, 1902.)
§ 3 0 ,0 0 0
$578,394 €6
T O W N O F W A R R E N , R. L ,
By-laws in all eases provide for yearly levy
for Sinking Fund to redeem at maturity.
G O L D S C H O O L BOMBS,
Purchasers to take delivery in Winnipeg and
The Town of Warren, R. I., offers for sale pay accrued interest.
Tenders may be for the whole or part. No
$30,000 of gold School Bonds.
tender necessarily accepted.
Bids close June 23,1902.
Bor particulars, address
Further inf ormation famished on application.
CHARLES W, GREENE,
D. S. CURRY,
Town Treasurer.
City Comptroller.
Winnipeg, Manitoba, 31st May, 1902.
M U N IC IP A L and
H O N T H ^

CORPORATION

N ettin g from
D U K E

U h

to 6$ alw ays on hand.

M . P A R S O N

& G O ,

115 D earborn S t , CHICAGO.
Send for our In v estm en t Circulars.

C H O IC E O K L A H O M A
F IR S T M O R T G A G E S
On Im p roved Farm s
N e ttin g th e I n v e s t o r 6 p er c e n t I n t e r e s t.
Send

for 'booklet and latest offering.

W IN N E
W in n e B u ild in g ,

W IN N E ,
W IC H IT A , K A N S A S .

Mention this paper.

T .

B. P O T T E R ,

f^yftlfCIPAL

and

B O N D S ,

C O R P O R A T IO N

HSS W ashington Street,
O H €A G O ,
L IS T

OH

[Vol. LXXIV,

-

-

IU A

A P P L IC A T IO N .

A R IZ O N A

GOLD

5s

#

1 0

L O A N S .
0

, 0

0

0

TOWN OF MONTCLAIR
GOLD
R e n e w a l S ch o ol Bonds.
P ursu an t to an ordinance o f th e Tow n Council o f
th e T ow n o f M ontclair, N . J., adopted J u n e 9th, 1902.
To provide fo r t h e Issue o f bonds o f th e T o w n o f
M ontclair in th e C ounty o f E ssex , fo r t h e purpose o f
paying off a portion, n o t ex ceed in g n in e ty -six a n d
tw o-th ird s per centum , o f th e bonds o f S chool D is­
trict N o. 8. in t h e County o f E ssex, w hich b on d s w ill
becom e due J u ly 1st, 1902.
Sealed proposals a re in v ited for th e purchase o f
all or an y part o f an issu e o f B onds to th e am oun t
o f on e hundred th ou san d dollars, said b onds to be
o f t h e am ou n t o f on e th o u sa n d dollars each , to b ear
in te r e st a t th e rate o f 3!4 p er cen tu m per annum
en d to m ature Ju ly 1st, 1932.
N o bids less than par will b e considered. Such
bids w ill be received by th e Tow n Clerk a t h is office.
Room 9, D orem us B u ild in g, M ontclair. N. J., u n til
8 O’CLOCK P . M., JU N E 23d, 1902. F urther particu­
lars m ay b e o b tain ed from th e T ow n Treasurer.
T h e rig h t is reserved to reject any or a ll bids.
B y order o f th e T ow n Council,
H A R R Y T R IP P E T T ,
Tow n Clerk.

§ 7 0 ,0 0 0
M A D IS O N C O U N T Y ,M IS S ,
BONDS,
bearing five per c e n t in terest, running 25 yea rs and
red eem ab le a fter five yea rs a t th e op tion o f th e
Board, In accordance w ith t h e law applicable to
red em p tion and fu n d in g o f bonds, w ill be le t to t h e
b est bidder a t th e Court H o u se in Canton, M iss., on
M O NDAY T H E 7T H D A Y OF JU L Y , 1902. B ids
to b e op en ed a t 12 o ’clock M. on said day. T w o
m o n th s’ in te r e st at six per cent, w ill b e sold w ith th e
bonds.
C. & P R IE S T L E Y , Clerk
Board o f Supervisors.

B O N D S
SUITABLE

FOR

S a vin g s Banks,
T r u s t C o m p an ie s,
T r u s t Funds,
In d ivid uals.

DUE 1 9 4 6 .
F ull particulars upon application.

H A R M B . P O W 1 L L A C O .,
W oodstock. Vermont,

Rudolph Kleyboite &
1 N A S S A U S T ., N E W

Co.,

Y O U R C IT Y

THE

June 14, 1902.|

CH RONICLE

terial) bonds w ere aw arded to Goo. M. Brinkerlioff o f
pricgfield at 111‘146 and interest. F ollo w in g are the bids :
go. M. Brinkerlioff, gp’fiekl.$20,00(1 25 | First Nftt. Kanlc, Grunt City. .*19,020 18
ane & Co., Minneapolis
20,0110 00 T. II. Potter, Chicago.............. 10,017 00
eder. Ilnlzman &Oo„ Old... 20,08800 I Splt*or &Go., Toledo.............. 10,41000
;anlc of Edwnnlsvllle
... 20,000001 camprecht, Bros.Co.. Clove.. 10,887 00
laoDonald,McCoy* Co., Chi, 19,00020 H. lit. Montague..................... 19,80200
•enlson. l’rlor ,t: Go., Olevo.. 10,807 00 I Thompson. Tenney 8i C'ruw
has. Herder, Yentce.
10,710 00 I ford Co..Chicago.................... 10,150 00
V. J. Hayes a Sons, Clove... 10,008 00 1
For description of bonds see CHRONICLE May 81, p 1157.

V erona (M. J .) S ch ool D istric t. Bonds Voted .—The clti
;ens of this district on May 29 voted to issue $20,000 school
r a id in g bonds
W a llin g fo rd , C onn ,—Bond Sale .—The $54,000
2-10, ear (serial) refunding w ater bonds offered for sale on May
T
11 w ere not sold on that day, but w ere disposed of at private
sale on Ju ne 0 to Jose, Parker & Co., Boston, at par. For
description of bonds see C h r o n i c l e May 81, p. 1157.
W arren, R. 1.—Bond Offering .—Further details are at hand
relative to th e offering for sale on June 23 of $30,000 % %
%
gold coupon school bonds. Proposals w ill be received u n til
12 M. on th a t day by Charles W. Greene, Tow n Treasurer.
D enom ination of bonds, $1,000. Date, J u ly 1, 1902, Interest
sem i-aEnually at M assachusetts Trust Co., Boston. M aturity,
$2,000 yearly. A uthority, Chapter 900, P ub lic Law s.
W arren (O h io ) S ch ool D is tr ic t.—Bond Offering.— Propo­
sals w ill be received u ntil 12 M , Jan e 30, by the Board of
E d u cation —A. L Jam eson, Clerk—for $30,000 4,?! high school
im provem ent bonds. D enom ination, $1,000. Interest, March 1
and Septem ber 1. Principal w ill m ature $1,000 yearly on
Sept. 1 from 1904 to 1933, in clu sive. A certified check for
$1,000 m ust accom pany proposals. A uthority, Sections 3991
and 3993, R evised Statutes of Ohio. An issue of bonds lik e
the above w a 3 sold on May 26, If these are the sam e bonds,
w e are not advised as to the reasons for the re sale.
W arrick C ounty, In d .—No Bids Received .—N o bids w ere
received on J a n e "9 for the $40,831 4% drainage bonds d e­
scribed in the Chronicle May 31.
W a terto w n , M ass.— Temporary Loan .—The $50,009 loan
m atu rin g N ov. 1, 1902, w as aw arded on June 9 to Geo. M is­
ter of Boston at 3*49# discount. The follow in g bids w ere
m ade for the loan :
Geo. Mixter, B oston.................... 3'49s I R. E. Chafer, Boston.................... 3'64$
Loring, To!man & Tupper, Best. 3'69% |

T R A C T IO N

F o r 456 B o n d s — (C o n tA

W in slow S ch o o l D is tr ic t, S te p h en so n C ounty, III .—Bond
Offering .—Proposals w ill be received u n til June 20 for $5,000
4\ffi school b uildin g bonds. D enom ination, $500. D ate,
J u ly 1,1902. Interest annually on A pril 1 at the F u ller &
Sous’ Bank, W in slo w . M aturity, $500 y early ou A pril 1.
Z eeland , M ich .—Bonds Voted .—T his v illa g e on May 26
voted to issue $18,000 4% electric-lig h t and w ater bonds. D e­
nom ination, $500. Interest, annual. M aturity, one bond
yearly.

INVESTMENTS.

BANKERS,
NEW

Feder, Holzman & Co.*

YORK.

CHICAGO.

MATURING JULY 1, 1919.
For the first four m onths of 1902 earnings In­
creased $63,662 80 over the same period in 1901.
P r ie e 9 9?4 a n d A cc ru e d In te re s t.

C O ., B a n k e r s ,

ISSUE TRAVELERS’ LETTERS OF OREBII
A V AILABLE I N A L L P A R T S OF THE WORLD
Quotations furnished for purchase, sale or exchange.

’

C IN C IN N A T I, O H IO .

BOSTON

D eal e x c lu siv e ly In M u n ic ip a l,
R a ilr o a d a n d o th e r b o n d s a d a p te d
fo r t r u s t f u n d s a n d s a v in g s .

Gross Earnings, 1901, $743,403 18.

&

l o r i.% B o n d s .

W inona Deposit Co.,Winona.$52,6'0 00 First Nat. Bank, W inona__ $51,105 00
Trowbridge;* NiverCo.. Chic. 52,697 00 Kane & Co., Minneapolis...... 61,009 60
uenlson. Prior & Co., Cleve.. 52,507 00
F o r i%% B u n d s .
Feder, Hoizman &Co.. Cin .. 62.600 00 Seasongood & Mayer, Clncln. 52,634 00
N. W. H arris & Co., Chic.... 61,681 00

31 and 33 PINE ST.,

F i r s t M o r t g a g e 5% G o l d B o n d s

W ILD

D enom ination, $500. " D ate, Ju n e 1 . 1902. In terest se m i­
annually at the F irst N ational Bank of W ellston.
W eston, O hio .— Bond Offering .—Proposals will be received
u n til 12 m , June 80, by th e V illage Clerk, for $5,100 5# bonds.
D enom ination, $1,700. Interest annually on Septs 1 at office
of V illa g e Treasurer. M aturity, $1,700 yearly on Sept. 1 from
1903 to 1905, in clu sive. A ll bids m ust be u ncond itional and
m ust be accom panied by a certified check for $ 200 , draw n on
som e bank in W eston.
W est P o in t, Ga .—Bonds Voted — On Ju n e 2 an issue of
$10,000 4 i 30-year bonds w as authorized by a vote of 101 to 2.
Of this, $6,000 is for fu n d in g the floating debt and $4,000 for
a w ater filter. D ate of bonds, J u ly 1, 1902. D ate of sale not
determ ined. H. T. W oodyard is C ity Clerk.
W inona, Mi n n .—Bond Sale.—The h ighest bid received
Ju n e 9 for the $50,000 refun din g w ater bonds described in
the C hronicle M ay 24 w as that of the W inona D aposit Co.
at 105'20 for 4 per cents. F o llo w in g are th e bids :

C IN C IN N A T I.

C O .

OF INDIANA

F.

81,000 i'/l cemetery bonds, m aturing *500 yearly on Juno 1 from 1904 to 1911,
Inclusive. Chock for *10 required.
0
14,500 4;t elocitrle liKlil-pImii. Improvement liomls, m aturing 1500 yearly on
June I from 1905 to L9i3, Inclusive. Check for 1200 required.

N. W. HARRIS & OO.,

8 5 0 ,0 0 0

J.

W eim ar (T e x .) S ch ool D is t r ic t —Bonds Voted .—T h is d is­
trict on May 22, by p vote of 99 to 15, authorized the issuan ce
of $7,500 school-house bonds.
W ellsto n , Ohi o .—Bond Offering .— Proposals w ill he re­
ceived u ntil 12 m ,, J u n e 80, by Thos. P . War g ler, C ity Clerk,
for the fo llo w in g bonds :

I N V E S T M E N T S . _____

IN V E S T M E N T S .

U N IO N

1271

MUNICIPAL

HIGH GRADE

MUNICIPAL, . - - - - )
R A IL R O A D ,
Q /^ V X T T A G
STR E ET R A IL W A Y , - f
LJO
C O R P O R A T IO N - - - - )
A nd L o c a l an d E a s te r n S to c k s.

Irwin, Ballniann & Co,,
B r o k e r s a n d D o a l o r s In

AND

In d ia n a p o lis, In d .

Public

S e rvic e

Corporation

CSsNGiMWATi B o n d s

BONDS.
FAES0N, LEACH

& 0 0 ., E . H . R O L L I N S &

C H IC A G O .

NEW Y O R K .

D en ver,
M A S O N ,

L E W IS
BANKERS,

Sc ©

0 .,

S o u tls ,
523 W e s t e r n U nion B uilding ,

M U N ICIPA L
RAILROAD
CORPORATION
*

& C O .

BO STO N ,
6 0 D e v o n s h ir e S t.

BONDS*

15 Wall S treet
•
New York.
INVESTMENT BROKERS,
H IG H EST a n A D S R A IL R O A D

B O N D S ,

1 5 3 L a H a lle S t r e e t ,
C H IC A G O .

13-15 E a s t T h i r d S t., C in c in n a ti.

MEMBERS
S e w Y o r k a n d C in c in n a t i S to c k E x c h a n g e s
a n d C h ic a g o B o a r d o f T r a d e .

S

e a so n g o o d

6c

M

a y e r

,

C I N C I N N A T I , O H IO .

HIGH GR A D E

M U N IC IP A L A N D O T H E R
B O N D S .
LIST ON APPLICATION

I.IH T ON A P P L I C A T I O N .

Chas. S. Kidder & Co.,
BONDS,
1 84 LA SA L L E S T R E E T ,
C H IC A G O .

B A N K E R S and
D ea le rs In In v e s tm e n t S e c u rities,

®,

E. Hutton 6c Co.,

C h o ic e I s s u e s .

C . D . K N A P P , J R . , & C O .,

31 M am ma S t r e e t ,
WKW F O R K C I T Y .

W.

"Street R a ilw a y and Gas C om panies,

C h ic a g o , m iin o is .

VICKERS & PHELPS,

tock

35 New S tre e t, N ew Y o rk ,

S a n F r a n c is c o ,

C H IC A G O ,
M o n a d n e c k B u ild in g ,

g . J v n iD ltl g t u M z x

S O N S

BO STO N .

P H IL A D E L P H IA .

S

W Eaat Thlro* St., Cincinnati. Ofele
T

BO STO N .

Public Securities,

and

U n lis te d Stocks an d Bonds.
Also Old Delimited ILK. Bonds.

DAVID PFEIFFER, 18 Wall 8t.

Richardson 6c Clark,
B A N K E R S ,
25 Exchange Street, Providence, R . I.
T r a n s a c t a g e n e r a l b a n k in g b u sin e ss. B o n d s,
S to c k s a n d L o o a l S e c u r itie s. P r iv a te w ir e s
to is evr Y o rk , B o s to n a n d P h ila d elp h ia .

M U N IC IP A L B O N D S .
E* G . S t a n w o o d & C o . ,
BAN K ERS,

921 Devonshire S t r e e t .
BOSTON.

THE CHthONIOLB.

1272

^U SU TH U C C .

^ fin a n c ia l.

J g r w s t

A T L A N T I C

THE AUDIT COMPANY
OF NEW YORK,
P h y s ic a l a n d A c c o u n t in g
E x a m in a tio n s .

C O .

N ew York, January 21st, 1902,
The Trustees, In conform ity with the Charter
of th e Company, su b m it the follow in g sta te ­
m ent of its affairs on th e 3 1 st of D ecem ber,
1901:
Prem ium son Marine R isks from
1st January, 1901, to 3 1 st De­
cem ber, 1 9 0 1 ............................. $ 3 ,604,917 63
Premium s on P o licies n o t
m arked off 1st January, 1901.
699,323 61
Total Marine Prem ium s.............. $ 4 304,241 24

A u d its a n d A p p r a is a ls w it h
C e r tific a te s .

M. Y , L i t e B u ild in g $

Prem ium s marked off from 1st
January, 1901, to 3 1 st D ecem ­
ber, 1901....................................... $3,5 1 2 ,3 8 9 71
In terest received
during th e year. $275,102 19
Rent
received
daring th e year,
less T a x e s .........
54,889 85

NEW YORK LIFE BUILDINQ'
CHICAGO.
P u b lic

A c c o u n ta n ts

and

A u d ito r s .

O F F IC E R S :
L . A . W A L T O N , P r e s id e n t.
F . W . L I T T L E , V ic e - P r e s id e n t .
C. D . O R G A N , S e c . a n d T r e a s
H . J . D . W O D R IC H , M a n a g er.
(M em b , I llin o is A s s o c ia t io n o f P u b lic A c c o u n ta n ts ).
D IR E C T O R S :
A - G . B e c k e r , A . G , B e c k e r & Co., C h ica g o .
F . W , L i t t l e , V .-P r e s. P e o r ia G as & E le c . Co., P e o r ia .
G. A . RYTH E R .C ash’r N a t ’l L iv e S to c k B an k , C h icago.
J. R, W ALSH , P r e s . C h icago N a t io n a l B a n k , C h icago.
L . A . WALTON, Y .-P r e s . E q u ita b le T r u s t Co., C h icago.

H A S K IN S

&

SELLS,

C e r t i f i e d P u b lic A c c o u n t a n t s ,

30

BROAD ST,, NEW YORK*

3 0 4 D ea rb o rn S t .,
C H IC A G O , U L .

JA M E S
CERTI FI ED

P UBLI C

SO C olem an S t.,
L O N D O N ,.B , C,

P A R K ,
ACCOUNTANT,

52 Broadway, New York.
W M .

F R A N K L I N

Accountant,

E>l 3 s S e BS t ^ r

H A L L ,

BOSTON, M ASS.

B ook s audited. E xam in ations and in v estig a ­
tion s conducted w ith the utm ost
care and efficiency.

SECURE BANK VAULTS.

genC
.in

WELDED CHROME $TEEL AND IRON
R o u n d a n d F la t B a r s an d 5 -lY m ? Ia£p8 an<1 A nK le
F O R S A F E S , Y J p |lf ’ ® Cd
C a n n o t b e S a w ed , C u t or D r i l F ’ an d P o sitiv e ly
B u rg la r BrooV
CHROM E STEEL ^
K e n t A v e ., K eap and H<&P®r
S a le M a n ’f ’erB in t h e U .S .
B R O O r 1' * " ’
**

S A F E D E P O S IT B O X l f f lF O R R E N T .
A c t s a s F in a n c ia l A g e n t fo r S la te s; C ities, T ow n *,
R a ilro a d s a n d o th e r C orp o ra tio n s. T r a n sa cts a g e n ­
eral tr u s t b u s in e s s .
L e n d s m o n e y o n a p p ro v ed
s e c u r ity . A llo w s in t e r e s t o n sp ec ia l d ep o sits. A ct*
a s T r u s te e u n d er M o rtg a g es, A s s ig n m e n ts a n d D eed *
Of T r u st, a s A g e n t fo r t h e T r a n sfe r or R e g is tr a tio n
o f S to c k s an d B o n d s, a n d fo r th e p a y m e n t o f co u p o n * .
I n te r e s t a n d d iv id e n d s .
J . W IL L C O X B R O W N , P r e s id e n t.
H E N R Y J. B O W D O IN , 1 st V ic e -P r e s id e n t.
L L O Y D L . JA C K S O N , 2d V ic e -P r e sid e n t.
J . B E R N A R D SC O T T , S ecy . & T rea s.
C A R R O L L V A N N E S S , A s s t .S e c y .& T r e a s .
W in. A . M arburg.
H . J. B o w d o in ,
L e o p o ld B trouse,
H e n r y W a lte r s,
W . B . B r o o k s J r.,
L lo y d L. J a c k so n ,
H . A . P arr,
C la y to n C. H a ll,

D IR E C T O R S :

J .W U lc o x B row n,
B . N . B ak er,
F red ’k W . W ood ,
A n d rew D .J o n e s ,
J o s h u a L e v erin g ,
J limes B o n d ,
J . D . B a k er,
G. A . v o n L in g e n ,

J. A . T o m p k in s,
S. M a n d elb a n m ,
J o h n P le a s a n ts ,
J. L . B la c k w e ll.
G eo . C. J e n k in s ,
J o h n S. W ilso n ,
J. 8. L em m on,
L . F . L o r ee.

CHICAGO HAT. BANK BLDG., CHICAGO,
C apital paid up
S urplus and P rofits

$1,857,014 29
Less sa lv a g es 112,031 98
R e-insurances 85,617 65
$197,649 63
R eturns of P rem i­
ums & E x p en ses. $430,511 52
$1,659,394 6 6
The Company has the follow ­
ing A ssets, viz.:
U nited S tates and State o f N ew
York Stock, City, Bank and
other Stocks................................. $5 ,4 0 3 ,8 2 4 00
Loans secured by Stocks and
special d ep osits in Banks and
T rust C om p any..........................
1,291,236 62
R eal E sta te, cor.
W all & W illiam
Streets, c o st
$ 1,017,000 00
Paid to w a rd erec­
tio n of n ew buildin g ......... ............. . 1,547,000 00
Other R eal E sta te
and claim s due
th e C o m p a n y ....
75,000 00
2 ,6 3 9 ,0 0 0 00
Prem ium N otes and B ills Re­
ce iv a b le........................................ 1 ,1 5 9 ,3 8 5 19
Cash in th e hands of European
bankers to p ay losses under
p o licies p ayable in foreign
cou n tries......... ............................
2 5 3 ,193 27
Cash in B an k ...................................
2 2 5 ,710 12
Amount,

B A L T IM O R E .
C A P I T A L , - - $ 2 ,1 1 2 5 ,0 0 0 .
S U R P L U S , ■ ■ $ 2 ,4 3 7 ,5 0 0 .
A L eg a l Depository for Court and Trust Fund*.

E q u ita b le T ru s tC o m p a n j

Losses paid during
th e year w hich
w ere estim ated
in 1900 and pre­
viou s y e a r s....... $398,184 81
occurred
and
w ere estim ated
and paid in 1901 1,458,859 48

THE AUDIT COMPANY
OF ILLINOIS,

C o .,

T h e

$329,992 0 4

C H IC A G O .

H E W YORK

T ru st

|

N, W , C o rn er C u lv e r t a n d G e r m a n S tr e e t* .

M U T U A L

IN S U R A N C E

(ih D in p a u ic B .

M a ry la n d

O F F IC E OF T H E

Q u e e n B u i l d in g ,

[VOL, L X X IV .

-

- $ 5 0 0 ,0 0 0
2 0 0 ,0 0 0

A U T H O R IZ E D BY L A W TO R E C E IV E an d e x ­
e c u t e t r u s t s o f e v e r y c h a r a c te r fro m co u rts, corpora­
tio n s an d In d iv id u a ls. T a k e s e n tir e c h a r g e o f e s ­
ta te s , re a l a n d p e r so n a l. A c t s a s a g e n t fo r t h e
r e g is tr a tio n a n d t r a n s fe r o f b o n d s a n d s to c k s a n d
t h e p a y m e n t o f co u p o n s, in te r e s t a n d d iv id e n d s . A
e g a l d e p o sito r y fo r c o u r t a n d t r u s t f u n d s .
I N T E R E S T A L L O W E D O N D E P O S IT S o f m o n e y
w h io h m a y h e m a d e a t a n y t im e a n d w ith d ra w n
a fte r fiv e d a y s’ n o tic e , or a t a fix ed d a te .
T R U S T F U N D S A N D T R U S T IN V E S T M E N T S
a re k e p t se p a r a te an d a p a rt fr o m t h e a s s e t s o f t h e
com p an y.
D IR E C T O R S :
A N D R E W M cN A L L Y ,
JO H N M . SM Y TH .
W IL L IA M B E S T ,
J. R . W A L S H
M A U R IC E R 0 8 E N F B L D ,
L. A , W A L T O N .
O F F IC E R S :
J . R . W A L S H , P r e s id e n t
L . A . W A L T O N , V ic e - P r e s id e n t .
C, D . O R G A N , S e c y , a n d T rea s,
C. H U N T O O N , A s s , S ec. & C a sh ier.

T H E G R A N D PR IX .

$10,972,349 20

Six per cen t in terest on the o u tsta n d in g cer­
tificates of profits w ill be paid to th e holders
thereof, or their legal, represen tatives, on and
after Tuesday, the fourth of February n ext.
The ou tstand in g certificates of th e issu e 0
1896 w ill be redeem ed and paid to the holders
thereof, or their leg a l rep resen tatives, on and
after T uesday, th e fourth of February n ext,
from w hich date all in terest thereon w ill cease.
The certificates to be produced at th e tim e of
p aym ent and canceled.
A dividend of F orty per cent is declared on
the n et earned prem ium s o f th e Company for
the year ending 31st Decem ber, i 901, for w hich
certificates w ill be issued on and a lter T ues­
day, th e six th of May n ex t.
B y order o f the Board.

WAS AWAKDXD AT THE PARIS EXPOSITION TO

W H IT IN G ’S

STANDARD

PAPERS.

T h e y a r e t h e o n ly A m e r ic a n p a p ers w h ic h h a v e
e v e r r e c e iv e d t h i s —t h e h ig h e s t h o n o r t h a t c a n b e
c o n ferred . I t m e a n s t h e y a re t h e m o s t p e r fe c t
m a d e. I n s is t o n h a v in g t h e m f o r y o u r fin e c o rre s­
p o n d e n c e a n d y o u r o ffice sta tio n e r y . A r e y o u u s in g
W h itin g ’s ^ L ed g er P a p e r s In y o n B la n k -B o o k
S am p les a n d b o o k le t fr e e .

WHITING PAPER COMPANY,
H O L Y O K E , M A S S ,.
A nd

150 D u a n e S t r e e t , N

ew

Y ork.

J . H. CHAPM AN, S ecreta ry .
TRUSTEES:
G ustav Am sinck,
Franois H. L eggett,
Franois M. B acon,
Leander N. Lovell,
Vernon H. Brow n,
L ew is Cass Ledyard,
W aldron P. Brown,
Charles H. Marshall,
W illiam B. Boulton,
George H. Maey,
Joseph H . Chapman, L evi P. Morton,
George C. Clark,
W. H. H. Moore,
F rederic A. Parsons,
Jam es G. D e Forest,
H enry Parish,
W illiam E. Dodge,
Cornelius Eldert,
George W. Quintard,
A. A. R aven,
Evrald Fleitmanm,
Clem ent A. Grisoom, John L. Riker,
D ouglas Robinson,
h neon W. Hard,
G ustav H. Schwab,
John D. H ew lett,
Charles D. Leverich, W illiam C. Sturgos.
A. A. RAVEN, President,
F. A. PARSONS, Vire- Pres’l.
CORNELIUS ELDERT, 2d Viee-Prc.».
THEO. P. JOHNSON, yd Vice-Pres'l.

T R A N S M IS S IO N
m
pS
e
*

a

ROPE.

CORDAGE
M J
s
I A w A U
S N£ N
A 13 J t D T
JL
L A
IS

SPECIALTIES.

s
fc
S
0

H

THE AMERICAN
M ANUFACTURING
COMPANY,
OS IF A h h S T S P FT, > -K > VO ’>N
*
•

1