Full text of Commercial and Financial Chronicle : June 6, 1903, Vol. 76, No. 1980

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

Entered according to Act of Congress. In the year 1903, by W illiam B. D ana C o m p a n y , in the office of Librarian of Congress. Washington, D. O

VOL. 76.

SATURDAY, JUNK (> 1903.
,

CLEARINGS— WEEK ENDING M A Y 30, 1903

CLEARINGS—FOR MAY 1903 ANJ) 1902.
ALSO S IN C E J A N U A R Y

1903.

•

A L S O S A M E W E E K 1902, 1901, 1900.

1903 A N D 1902.

Week eruling May 30.

Fire Months.

Mau.
Clearings at

1902.

In. or
Dec.

1903.

1002

In. or
Dec.

8
*
3
%
*
%
New York........ 5,574,929,186 6,803,713,239 18 1 29,950,831,966 31,943.725,009 -6-2
1’liihulelplua.... 50l.30S,s3*J 553,952.061 -9 4 2.460.450,161 2,440,157,916 + 0 6
Pittsburgh......... J14.7JJ.J03 18S.499.330 +138 l.038,701,931 888.951.*574 + 10-2
7*7 480,193,483 495,581,302 - 3 1
94.il 9,504 102,292,354 —
Bull iinore..........
25.857,481 (-9*8 130.596 710 119,836,598 +8-9
28,398,955
Buffalo...............
88,124,424
78,612,943 +121
17,390,785
17,932,800
Washington......
72,390,010 + 8 0
16,342,620 [-5-5 78,157,748
17,J49,954
Albany...............
00,908,395
07.880,603 -1 -6
13,269,135 -9-7
11,985 310
Kochester.........
31,310,856 +138
85.036,808
6,362,397 + 0 9
0,803,836
Scranton...........
28,466.584
28,4(5 .974 —o-o
6,229,964 - 6 0
5.853,763
Syracuse............
22,823,408 H
25.796,011
4.998.305 f 23 0
-130
0,147,156
Wilmington----3.716,103 + 10*8
19,645 993
17.774,(555 4-10*5
4.116.700
Wilkes Barre—
16,152.907
8,509,432 10-0
15,852,960 + F9
S, 159.162
Wheeling.........
9,256,000
7,749.200 4-19-4
1,819,800
Binghamton......
L601.700 -H3-6
1.894,170 +9-2
9.811,803
8,414,(562 4-16-6
2.069,520
Greensburg.......
7,261,409 -l-21*3
8,811,582
1,629,544 +24-4
2,026,594
Chester..............
3.6*55.030
3.683, *5 —0*:)
89
687.840 -5*5
649,024
Frederick...........
2
Total Middle.. 6,493,592,300 7,753,946,469 16-2 34,435,297,636 36,246,424, U S - 5 0
Boston...............
Providence........
Hartford............
New Haven......
Worcester.........
Springfield.........
Portland............
Fall River.........
Lowell...............
New Bedford....
Holyoke.............
Total N. Eng...

538.197.076
28,228.000
11 643.502
8,131.859
7,078.984
6,848.455
5,903 514
4,208,698
1,812.828
2,281,757
1.891.403
610,227,066

NO. 1980.

596,813,713
29,456,100
12.160.390
7.532.949
6.686,567
6.359,880
5,868.078
4.082,475
2.567,405
2.429.951
1,830,794
675,788,301

-9 7 2.869,880.822 2,952,912,153 —
2*8
—4‘2 150,295,700 150.190,(500 + 0 ’1
— 2
4
(50,404,629 -1-9
59,281,591
(-8*0 37,909,594
86,114,309 +5-0
-5-9
35,929,054
86,637,944 -T 9
—
02
35,241.238
33,251,769 +6-0
+0-6
30,620 700
29,447,727 +10
+31
21.589,464
22,633,713 —4*6
294
10,021.271
12,318,59- -18-6
—0T
11,877,828
11,534,481 +3-0
+3*3
8,590.272
8.159.357 +5-3
—
6'5 3,271,238,434 3,353,605,279 - 2 5

722.990,029 721,124.636 +0*3 3,591,402,712 3.536,453,332 +F6
Chicago
84,877,650 +161 489,267,700 432,567,750 H
98,531,550
-13-2
Cincinnati..........
62,054,278 +0-8 336,692,612 292,334,325 4-15-2
66,254,296
Cleveland..........
42.266.421 +4-3 211.046.140 223.814,994 - 5 7
Detroit...............
44.066,805
80,085.137 -F9 154.008.336 140,152,844 4-100
29,521,531
Milwaukee.........
22,062,701 f 25*3 126,213,768 105.237,440 4-200
27,650,104
Indianapolis......
16,244,450 4-2U'5
93,927,900
78,351,500 4-199
19,571,500
Columbus..........
58,674,163
10,759,705 +5-7
59,740.767 -1-8
11,374.652
Peoria...............
65,805,683
11,062,877 168
12,922,068
55,881,827 -17*8
Toledo................
6,884,232 223
89,300,879
8.422,610
82,443,543 -21*1
Grand Rapids...
6,314,353 16' 1 85,902,255
7,329,785
30,173,198 -190
Dayton...............
5,399,848 12-2
26,883,318
6,059,690
21,987,35? -22-5
Evansville.........
Akron.................
3,163,700
2,750,300 +150
15,601,600
12,582,200 -149
2,453,487 +4T
14,871,446
2,553,631
13,097,160 -13\5
8prlngfleld, 111...
2,685.888 +14-7
3,081.395
13,792,145
Lexington.........
12,524.500 -109
2,171,766 +0*2
2,176,825
12,986,566
12,192,319 +6*5
Youngstown......
2,270.730 + 28*4
13.996,684
2,915.898
10,4(55,627 +33*7
Kalamazoo.......
2,079,918 + 13T
2,331.387
10,719,310
10,574.419 + F4
Canton...............
1,708,559 Si-4
9,297,398
Hock ford............
1.766,097
8,585,384 4-8-3
1.831,297
1.672,319 -9-5
Springheld, Ohio
9,059,236
7,817,276 4-15-9
1,268.804 -8*2
8,429,835
1,372,717
7.613.470 “-107
Bloomington---T
1,198,361
1,067.574 +12*3
6,844,658
6.619,832 +3*4
(Quincy...............
1,095,784 -7 7
Decatur............
1,011.513
5,403,487
5,421,826 —03
945,801
4,527,574
Manstield...........
889,218 +6-3
4,521,275 +0*1
933,108
961,046 -2*9
4,660,762
Jacksonville, 1 1
1.
4,276,523 4-90
824,887
821,730 +0*4
4,170,2*33
3,753,094 +11-1
Jackson. Mich...
862,020 +11*9
405,029
1,969,275
Ann Arbor........
1,875,167 +5-0
Total M. West. 1,081,227,166 1,043,395,491 +3*6 5,365,515,705 5,182,008,449 +4*5
4-6-5 620.159.711
f9 ’9 1*21,995,746
13*0 59,991,719
78,268,011
+ U-2
+6*2
69,009,749
42,453,178
+ 345
41,058,660
+ 410
11.645,320
+ 195
-3*7
9,802,818
—89
5.081,095
+ 8 0 1,059,466,007

Ban Francisco...
Los Angeles......
Salt Lake City...
Seattle...............
Portland............
|
Spokane.............
Tacoma..............
Helena...............
Jargo.................
Bloux Falls........
Total Pacific...

119,440,440
23.760,980
11,883,699
15,748,868
12.197,212
9,304.207
7,765,403
2,759,623
1,798,428
952,330
205,710,199

112,116.354
21,633,556
13,663,628
13,788,505
11,490,676
6,983.896
5,508,605
2 308.255
1,867.228
1,045.602
190,406,305

Kansas Citv......
Minneapolis......
iOmaha...............
St. Paul..............
St. Joseph.........
Denver...............
Des Moines.......
Sioux City.........
ITopeka...............
Davenport.........
Wichita.............
Colorado Springs
Fremont............
, To. other West

81,728,940
64,866,866
82,507,139
24,701,065
20,023.333
20,419,763
9,405,880
5,842,395
5.092,785
3,531,906
3,186,561
1,918,000
714.773
264,029,406

7S,010,790 +11*0 418,392,569 394,496,092 +6-1
52,439,464 -4*6 268,616,211 257,890,947 --4 2
30.968,166 -5-0 162,686,095 150,484,612 - -ST
22,701,821 -8*8 122,922,879 111,989,845 --9*8
-4*0 106,328.267
19,257,401
99,9^9,670 - -6*4
17,586,014 +16*5
91,828,161
93,568,388 —F8
9,853,903 -8*6
47,554.(577
44,720,127 4-6*3
13*1
6,719,231 ■
31.903,720
33,673,425 —5*2
4.619,870 + 10-2
28,942,020
28,545,284 +1*4
4,264,963 ■
17*1 21,839,207
25,067,815 -12-9
2,379,466 +33’0
17,523,220
13,541.592 +29-4
2,459,000 ■220
9,830,619
14,624,803 —32'8
-9 6
3,979,02?
791,049
3,758,628 +5*9
247,651 138 +6-0 1,332,351,672 1,272,296,234 +4 7

Louis.. . . . . . . . 213 712.54S 235,822,783
•New Orleans_
_
60,257.793
55,620,182
42,891 648
'Louisville.........
44,301,839
h
Houston............
22.475.894
21,671.885
•Galveston.........
14.760,500
15.0S6.000
iRichmond.........
17,797,990
18,204,275
Savannah...........
11,148,445
14.496.208
,Mem phis... . . . . . .
15,739,746
15,498,408
Atlanta..............
9,540,676
10,167,869
Nashville...........
9,604,265
6,922,426
6,476,187
Norfolk.............
6,058,395
Augusta............
3,680,484
5,2 '5,813
Fort Worth.......
6,125,097
5,661,381
5,240,731
Birmingham ....
5,075,946
Little Rock........
8,331,381
4.314,673
4,663,913
3,148,880
Knoxville..........
Alacon................
2,682,000
2,641,000
3,015,150
2,862.397
|Chattanooga....
2,387,620
1,662,150
Beaumont...
1.559,027
Jacksonville, Fla
1,692.405
Total South ... 457,748,181 475,053 672
Total all......... 9,118.534,323 10,386,241.376
/ Outside N. Y . 3,643,605,137 3.5S0,528.137

539,036,072 4-15-0
97,973,991 4-24"5
70,059,150 -14*4
64,747,775 -209
56,234,308 -227
82,489,309 -30*7
25,898,863 -585
12,021,128 —3T
8,777,079 +11 7
6,579,468 —8-9
912,817,143 +16T

-9*4 1,027,227,960 1,096,852,786
+8*3 317,250,56? 290,410.302
—32 230.170,314 209,830,915
+3*7 136,197,077 116,340,437
-2 1
90,050,000
78,243,000
-2*2
83,910,814
92,128,150
■231
73,840,007
(56,956,332
4-16
83,873,569
71,441,982
f6-7
60,731,292
51,634,399
62,476,586
36,394,496
-f-38-7
+6*9
83,681,603
30,598,134
—30-1
83.644/ 1
2
27,006,627
4-8*2
82,680,258
28,088,444
+3-3
27,539,783
23,126,783
-22*8 21,573.675
19,465,265
+48T
21,332,333
15,271,240
4-16
16,868.000
14,457,000
+27-6
14.386,1(59
11.107.521
10,643,029
8,490.736
+436
-7 9
8,417,681
8,511,799
—3*6 2.376.501.359 2.296.422,354
•12-2 47,840,370.713 49,213.574,387
- 1 0 17,889,538,747 17,269,849,373

—6*3
+9*3
+9*7
- -17-1
- -15*1
—8-9
-10-3
-17*4
-17*6
-44-2
-10-1
-24*3
-16*3
-19-1
-10-8
-39-7
-16*9
-295
-25.4
-1*1
+3*5
-2-8
+ 3*6

Clearings

at—

1903

1902 .

Inc . or
Dec.

1001 .

1900 .

*

•

%

s

*

N York.... ........ 1.0 6 8 , 786 ,93-1 1,015 072.980 + 5 3 1, 177.423 ISO CHI.970.655
ew
Philadelphia................... 100 , 134.661 9 1 ,. 869.399 + 9 0 9 2 ,857.095 8 1 .*139.973
Pittsburgh............ 3 9 , 050,462 3 6 ,315,089 + 9 2 3 5 . 785.503 3 0 . 439.447
754,639
0 238.574
Baltim .......................... 17,,637.203 2 0 716,481 - 14*3 19 . 805.597 2 3 ,.948,787
ore
5
5 , 210.091
5 . 241.620
+ 7-6
Buffalo...............
3 , 236.308
3 , 095.563
+ 4*6
2 .541.713
2 , 448.548
W
ashington..........
3 . 521,0 1 1
2 , 795,801 + 2 6 1
2 . 322,072
3 013.773
Albany................
2 .260.980
2 .408,156
0 ,070,182
- 13*7
2 ,330,584
R o c h e s t e r .........................
1 , 242.680 + 23*5
1 , 013.679
1 , 534,382
1 , 103,015
Scranton............................
979.568
+ 1*3
903,026
002,062
839.041
Syracuse ...........................
849,840
816.691
1 , 022.303
031 o ;.<>
+ 9*4
W ington..........
ilm
...........
937.915
812.415 + 15*4
750,000
W
ilkes B ..................
arre
557.689
59 *
5,009
••• ••
-6 5
401,552
W
hee.ing..........................
395.000
304,800 - - 29*6
‘2
49,900
317.800
Bingham
ton.........
300 668
590.000
839,627
289,508 - - 17*3
G
reensburg...........
250,000
313,408
861,530 - - 1 9 9
225,000
Chester................................
2 , 102.180 N include d in to tal.
ot
U
tica...................
3 ( 50,955 N includt d into tal.
ot
E ...................
rie
161,455 N include dinto tal.
ot
Franklin, Pa.........
Total M
iddle....... 1, 246 .890,676 L, 182 , 936,284 + 5 4 1.343 058 059 9 07 , 059,403
Boston............... . 9 S .858.713 101 497,042 — 2-6 109 , 271.054 9 5 .061.290
5 ,227,800
5 .372,200
4 . 6 57 . 8U0
5,121 700
— 4*7
Providence - ........
2 , 077.801
1 , 878,457 + 1 3 4
1 , 978.291
2 . 129,550
Hartford.................... . . .
1.276 395
1 , 475 .26 ?
1 . 318.453 + 11*9
1 . 212.962
N Iiaven-...................
ew
1 ,290.949
1,210 516
1 , 241.693
891,931
W
orcester..........................
+ 6*1
989,805
1 , 259.190
1 , 660,241
1 , 240.740
-2 4 4
Springfield...................
804.338
1 ,004.119
983.879
1 , 070.917
+ 6-6
Portland.............................
583,749
638,651
712,381
705,567
+ 1*0
F River.........................
all
402,946
471.117
314.979
364,847
- 13-7
Lowell......... ......................
4- 3-8
319,411
286,285
394.773
380,455
N Bedford...................
ew
432.132
313,202 + 3 8 0
255.165
295.210
Holyoke..............................
Total N E
ew ngland. 113, 060,551 115 ,717,099 — 2 3 122 , 220.018 108 ,013.704
Chicago................................ 1 34 ,905,531 134 , 565.840 + 0-3 135 504.670 116 , 990,133
Cincinnati..................... 20 , 482.400 17 , 096.650 + 19'8 16 , 914.500 14 ,035,250
Cleveland.......................... 12 , 472.805 12 414.990 + 0*5 11 , 449.875 10 . 041,593
0 , 694,021
7 , 296,108 + 12*6
8 ,218,3 31
7 . 706,020
Detroit................................
4 .637.325
5 . 377.333
+ 0*6
5 .079.700
M aukee ...................
ilw
5.41 1 461
2 .597.494
3 , 411.011 + o 7 ‘2
2 , 917,964
5 , 361.696
lrvlia uipolis.....................
2 , 752,500
2 , 808.300
3 ,955.250
2 .876.700 - j- 3 7 '5
C bus............................
olum
1 , 099,488
2 , 177.479
1 , 970.640 + 10-5
1 .928 , 69 ?
Peona..................................
1 ,426,704
2 , 469.950
2 . 275,847
1 ,692.145
+ 8*5
Toledo..................................
969,051
1 , 404,727
1. 185,242 1 18'5
1, 072.353
C
rand Rapids.................
792.635
1 . 747.067
-2 8 0
839,320
1 , 365,531
Dayton................................
886,434
- 18-0
8 87 , 22 ?
941.086
1 , 147,192
Evansvifie........................
464,000
466,400
470 000
- 60*1
Akron....................................
757,700
339,666
508,514
- 13*4
576 488
37 3.300
Springfield. Ill.......
275,565
385.940
581,705 - - 43-0
831,594
Youngstown.........
332.830
- 36*4
488 682
316.250
666,022
K
alam
azoo...........
294,057
+20
391,595
375,154
367,633
Lexington............
284,060
270.749
453.964
339,305 + 3 3 6
C
anton.................
259.063
+ 4-4
298.833
422,118
404,638
Rockford..............
207,896
241,879
834,200
280,493 + 19*2
Springfield. O
.........
190.100
229.338
208.907
225.313
— 1-8
Bloomington.................
195,000
187,164 + 81*8
199,609
340,694
(Juincy ..............................
- 11*6
2 33 , 5(58
D
ecatur T
206,040
50,000
00,000
lO jilS + 25*2
O
238,858
M
ansfield..........................
123.487
129.481
139.686
— 7*2
112,383
Jacksonville...................
109,247
169.279
134,088 + 26*1
111,945
Jackson................................
40.000
60,419 + 14*5
09.194
................
Ann Arbor.......................
Total M W
id. estern 2 05 , 343,882 195 , 598,950 + 5 0 192 ,284,573 1 60 ,454,805
2
0 197,216
S Francisco............... 2 3 ,972,252 2 4 ,. 190,354 + 8 0 2 2 .,313.254 2 0 , 330,981
an
139,110 + 62*6
2 .300,353
6 , 731.858
Los Angeles.........
2 , 394.784
1 , 084,777
2 , 000,000
2 ,085.441
- 12*9
S J.akeC
alt
ity........
2 . 388.554 + 2 F 8
2 , 020.404
2 .908.015
2 , 225,408
Seattle.................
1 , 633.909
1 ,949.064 + 14*8
1.500 000
2 , 238.897
P hind...............
ort
1 , 289.730 -*-45*4
957,146
934.898
1 ,875.916
1 , 105,994 + 4 9 9
1 . 014,436
1 ,047,460
1 , 057.324
Tacoma...............
504,861
423,042
—9 5
587.261
383.347
Helena................
283.286 + 25*1
210,090
S W .412
212,016
Fargo..................
92,470
210,528
166.730
189.260
-1 2 6
Sioux Falls....... .
Total Pacific........ 4 2 ,396,728 3 6 , 386,446 + 1 6 5 31 , 173,573 3 0 . 106,213
K
ansas C
ity........... 10 . 4 9 5 .06S 1 5 , 183,840 + 8 6 15 , 370.271 11.670 209
8 , 757.493
8,752 475
9 ,038,747
—3 2
8 , 030,692
M
inneapolis..........
5 , 902.384
5 , 337,588
O aha.................
m
6 , 147 .03 ?
5 ,794.595
4 - 6*1
3 .952.703
4 ,592.029
4 , 269,644
+
7*6 3 , 894,120
S Paul................
t.
4 .877,027
3 ,889.301
- 16-4
3 ,252,470
4 . 845,050
3 ,792,099
3 , 143.061
3 , 996,465
3,336 146 + 1 9 8
Denver................
1 , 456,034
1 , 218.258
1 .819.359
1 , 519.530
- 19-9
D M
es oines......................
1 , 172,890
1 ,033,866
1 ,018.258
1 ,346,237
-2 4 4
S u * City............
io x
562.800
1 , 205.020
1 , 021,681 + 18 0
652 , 82 ?
Topeka................
800,000
532.738
639,585
- 16*7
816.272
Davenport...........
473,473
755,767
470,787
483,898 + 56'2
W
ichita...............
........
550,000
612,022
450,000
-1 8 2
C
olorado Springs.....
* 135.940
140,796
181.606
195,474
- 25*1
Fremont............................
Total other W
estTn 4 8 ,801,363 4 7 .568.507 + 2 0 4 5 ,920,898 4 3 , 315,876
S Louis..................... . . . 4 0 . 024,405 4 9 , 624,998 - 19-3 3 9 , 257,187 2 7 . 974,039
t.
7 . 802,151
N O
ew rleans................... 12 , 520,540 11 , 256.219 - 11-2 10 , 253,322
7.29 4.430
7 , 945,114
- 15-2
8 , 725.551
9 , 152.961
Louisville.........................
2 .893.107
4 , 040.429
H
ouston ............................
4 , 646.150
- 40'3
6 .520,763
2 . 779,000
2 . 289,150
Galveston.........................
2 , 729.000
+55
2 ,878.000
3 . 180,128
3 , 228,413
+ 0*7
8 .355.097
R ond...........................
ichm
3 379,246
2 , 600,000
- 29-7
3 . 164.368
8 , 140,830
Savannah...........................
2 ,223,510
1 . 900,086
1, 891.470
2 , 575.085
—45
M phis............................
em
2 . 458,697
— 8 1.469,920 1 , 248,451
F
1 , 887.525
Atlanta...............
1 854,741
948 . 1S I
1 , 231,888
1,384,855 - - 19M
1 .650,000
N
ashville......... ........
1 . 252,547
1 , 452.848
1 ,215,525 - - 11-4
Norfolk...............
1 . 354.834
- 2 2 ‘0
606.627
951,352
851,808
Augusta..............
742,550
— 7'3
1 , 346,027
867.652
1 , 116,902
F W
ort orth...........
1 , 034.588
801,266
753.432
1 , 162,218
+ 2*8
Birm
ingham
.........
1 . 195.021
725,193 + 3-0
465.251
384.037
Little Rock...........
751,295
445.803
571,548 - -4 8 8
535,201
Knoxville..........................
850.992
451.000
360,000
461,000 - - 11*7
M ...................................
acon
515,000
-35-1
380.000
40 8 ,6 2 3
430.138 589,607
Chattanooga...................
400.000
355,323 - -12-0
... ....
Beaum .........................
ont
829.524
— 7-3
850,000
225,123
305,503
Jacksonville...................
l.
ot
950,182 N include d in to ra
Charleston........................
Total Southern......... 9 0 ,402,253 0 5 . 803,724 — 5*7 8 2 .361.040 0 3 , 724.971
Total all......................... 1,746,901.453 1,674.101.010 + 4*3 1.8 17 . 6 19 , 36 ? 1.3 79 . 334.972
O
utside N York.. 678 , 114,519 650 , 028,030 + 2*9 6 4 0 , 196,181 5 58 ,358,317
ew

PT~Table Clearing** by T e le g ra p h a n d C an a d ian C le a rin g s on pages

an d l'J 2 9

1216

THE

GHBONICLE.

THE FINANCIAL SITUATION.
The terrible storms, chiefly in Kansas, Missonri
and Georgia, followed by phenomenal floods, destroy­
ing hundreds of lives and many millions in value of
property, are the prominent events of the week. Be­
sides the States named, others west of the Mississippi
have been sufferers to a considerable extent. It is too
early as yet to measure the injury occasioned to crops,
but a reasonable presumption from the facts already
at hand is that the harm done in that particular has
been exaggerated, being, with the exception of win
ter wheat, quite local, and not in the aggregate very
important.
As the floods are receding fast, corn
lands can be planted with the promise of a good yield
even yet. It ought further to be mentioned that the
same storms as they passed over the country have
proved a decided benefit to large districts, especially
in the Middle West, where they relieved a wide sec­
tion from impending drought.
We give this week on subsequent pages our usual
Cotton Acreage Report. It may be well enough to
state that we have been engaged in that department
of work, investigating and reporting in our columns
cotton planting, growth and crop for nearly forty
years. Before even the Government began to collect
and publish special information with reference to the
staple, we had grown gray in furnishing such data for
the guidance of planters and spinners, and our results
and figures had become authority the world over.
This is a matter of no importance except as it bears
on the present. A long experience, of course, means
much in such a pursuit. But besides that, the
known fact that the editor of the Chronicle
never had any interest
in speculative ven­
tures of any kind, and especially never bought
or sold cotton in a speculative or other way,
has given to our reports an unbiased, depend­
able character which has led to their world-wide
acceptance.
This circumstance is worth mention­
ing on this occasion because of the notable specula­
tion in cotton still in progress, which interests dealers
and planters on one side or the other of the market
so largely as to make it more difficult than usual
to get at the real facts. Still it is for the same reason
more than ever desirable to have the facts; data as to
acreage and stand form the basis of all estimates of
development as the season progresses.
Our readers, as stated above, will find on subsequent
pages the results of this season's endeavor to reflect
the true condition and acreage of this highly import­
ant staple. As the cotton crop just planted is at this
date no doubt a late one, the early receipts of new
cotton— that is, the receipts in August and September—
would,with future conditions of weather and growth un­
changed, be less than last year, which was an early crop
in reaching a stand— a circumstance that encourages
those who have established and are now maintaining a
corner in the staple. On the other hand itjis to be said,
as nature is based on a system of compensations, it very
often happens that a cold, backward spring is followed
by a hot summer, so that a late cotton crop at the start
becomes an early one at the finish. Weather and
growth after the middle of June, the date at which
our summer really begins, will consequently be more
closely watched by cotton consumers than has been
the custom when less depended upon the result.

[V ol . LXXVI.

Two weeks ago In this column we referred to ti|
liquidation which had been long under way, and ha
that week set in with no little force on the Toronto an
Montreal Exchanges, as one of the influences affectinj
adversely our own market, and leading to large sal
of Dominion Iron & Steel, Dominion Goal, and othi
speculative properties, and to large declines and ind
vidual losses at not only Montreal and Toronto, bi
also at the Boston Exchange. This week a develo
ment of that movement has been the important f ailu:
of A. E. Ames & Oo. of Toronto, with so extensh
associations, connections and reported liabilities, th:
a more or less disturbed feeling has been causi
among financial interests here. So far as the situatic
in New York was concerned, this feeling was not muc
more than momentary, a belief being reported as ge
eral in banking circles that the failure would involve i
New York house. In Boston there has been an e
tire absence of evidences of trouble, but Thursday r
mors of difficulties filled the air, and aided greatly
depressing prices at our Stock Exchange. At a mee
ing of the bank directors of Toronto on Tuesday,
statement was made and issued that no anxiety net
be felt there, stocks having declined so largely thi
at present prices they were being sold at about the
actual values. The Bank of Montreal likewise agret
to accept all Twin City stock at the value ruling ,
the Exchange on that day. Altogether prices hai
grown steadier, and the panic which threatened h;
been prevented.

Another influence of an adverse nature has been tl
high rates for foreign exchange and the resulting go!
exports. We say of an adverse nature, because <
their influence, if continued, on the money marke
The total gold engaged this week for export to Europ
was $4,736,200, details of which will be found belo
In this article. There was also taken $500,000 f f
shipment to Canada and $250,000 to be sent to Agentina.
The cotton corner and the consequei,
dearth of cotton bills is chief among the causes i<•
the high exchange rates. A very limited supply !
grain bills, due to the high values ruling, is ai{
other •condition tending in the same direction
Besides those influences, increased imports are aga.
working to the disadvantage of our foreign trade ba
ance. These larger imports appear to be shared
by almost every kind of merchandise, running throujsi
the whole list of articles of necessity down to those l
pure luxury. Among the latter we notice that accor ■
ing to the official reports the appraised value !
diamonds and other precious stones imported ever
month in 1903 has been materially In excess of Is;
year, although 1902 broke all previous records. (!
course, if through abnormally high prices we chooi
to retain our own surplus products while we seam
the world over to satisfy an insatiable desire to br
the products of other countries, there is no way for i
out of the dilemma other than to pay for what
buy by shipping gold. One development of the wee
affording a more encouraging view is a further redutlon in the price of iron, suggesting as It does a snpension of the imports of that article.

j

Rumors of another coal strike must be mentlond
among the incidents of the week. It has had a detcrent influence of some force, although any lndividujl
who understood the matter at issue felt it was impc
slble that a strike could be the outcome of the corn-

June 6,

1903.)

THE

CHRONICLE

lions. The point ol difference between the operators
and the mine workers was whether the representatives
elected by the miners to the Board of Conciliation
had been properly chosen. As no settlement of the
issae was reached, the miners becoming impatient
drew up and made public a protest with a call for a con­
vention. This movement looked enough like a fight to be
UBed with effect on the Stock Exchange. We presume
the action was intonded as a step for getting the matter
in dispute in the way of compromise or in the way of
being passed upon and determined by the established
authority. It will be remembered that the decision
of President Roosevelt's commission provided that
differences, including we presume such as that under
discussion, shall be settled by an umpire— that is, by
one of the judges of the United States Circuit Court
for the District of Pennsylvania. In view of that
provision it is not a reasonable conclusion that either
party ha3 been seeking to stir up a fight or has
had in mind any purpose other than an orderly
method for reaching a basis of peace. The mine
workers think they have a good many grievances to
be adjudicated. It is natural that they should have
grievances and that some of them should be just.
The railroad managements, having all the time many
large and absorbing interests affecting their properties
to attend to besides the complaints of the workers,
have been very likely dilatory, while the mine workers
have been growing more and more restless and eager,
and some of them even getting hot at the delay over
matters which to them are all important. As we write,
the dispute seems to be in the way of speedy settle­
ment, and all idea of a strike has been dismissed.
The further decline in Pennsylvania Railroad stock
the present week furnishes a striking commentary upon
the criticisms which were so freely made last week
concerning the syndicate arrangement for insuring
the success of the Pennsylvania Railroad's offer of 75
million dollars of new stock. The critics of the ar­
rangement contended that the syndicate would obtain
inordinate profits and that the Pennsylvania Railroad
was making a “ bargain sale” of its stock. One
party even went so far as to publish a 175line advertisement in one of the daily papers
(who stood the expense ?) intended to show how very
cheap the syndicate would get its stock and what an
extraordinary amount of money they were going to
make out of the transaction. The further deprecia­
tion in the market value of the shares this week pre­
sents the matter in a somewhat different light. The
critic referred to had argued that the syndicate would
be obliged to take only a very small proportion of
the 75 million dollars of new stock.
Now, with
the further drop in the price of the shares—
to near the point at which they are offered for sub­
scription to the shareholders by the company—there
is a possibility that the proportion may be large. This
is important only as showing that there are risks con­
nected with an undertaking of this kind, aud that
the commission which the syndicate gets for its guar­
anty is not at all in the nature of a pure bonus. It
may or may not have been wise for the Pennsylvania
Railroad management to offer Buch a large amount of
stock in one block, but having made the offer it was
manifestly their duty, considering the shaky condition
of the stock market which has developed in the in­
terval since, to run no risk of a possible failure of the
proposal.

1217

la our view, the management must be considered
fortunate in having found bankers to guarantee the
success of the undertaking for so small a compensa­
tion. Remember that the aggregate amount involved
is no less than 90 million dollars, the 75 millions of
new stock beiDg offered at 120, or (60 per (50 share.
The commission is 2£ per cent on this 90 million,
making the aggregate commission but (2,250,000.
Bear in mind, too, that no matter how low the stock
may fall, the Pennsylvania, through this syndicate
arrangement,
is assured
of
120
for
the
whole
amount
(less the
small
commission
named), rendering the company wholly inde­
pendent of stock market fluctuations— certainly
an important consideration in these trying times.
How large a proportion of the 75 millions stock will
be left untaken by the shareholders no one of course
can tell. But the point to bear in mind is that
i f necessary this syndicate will provide the whole
90 million dollars. It is proper to state that as far aa
syndicate subscribers are concerned, there is a further
contingent liability, which may bring the total liability
np to 99 million dollars. The future of the stock and
money markets under existing conditions can be re­
garded as by no means assured, and having regard
to that fact an allowance of 2£ million dollars on an
undertaking that m»y possibly involve close to one
hundred million dollars must be considered as very
small indeed. Moreover, the syndicate is to continue
in force until the first of next January (unless sooner
terminated by the syndicate managers), and in the
seven months intervening the risks and responsibili­
ties may increase—risks which, even under wholly
auspicious circumstances, in an undertaking of
such magnitude are so great that only power­
ful banking interests like Kuhn, Lneb & Go. and
Speyer & Co. could venture to assume them. The
reader may recall that Mr. J. P. Morgan was in
like manner criticised a year ago for the supposed
large profits that he was to make out of the United
States Steel Corporation bond-conversion plan. No
one at that time thought of the risks involved in the
undertaking, but these risks it is now seen were real
and tangible, and discussions at present revolve wholly
around the point as to whether the syndicate in that
bond-conversion scheme is going to come out whole.
One feature in the Pennsylvania Railroad situation
should not be overlooked. The company's monthly
returns are beginning to record considerable improve­
ment in net as well as in gross. From November to
February, inclusive, there were large losses in net
each month, due to the congestion of traffic and
the difficulty of moving business economically
under such adverse circumstances.
But the
Pennsylvania management has been found equal
to the emergency,
and now the returns of
earnings are of a steadily improving character. The
statement for April was issued the present week,
from which it appears that on the lines directly oper­
ated east of Pittsburgh & Erie net earnings for the
month named increased $698,600, this being on a gain
of (1,667,900 in the gross. On the lines west of Pitts­
burgh & Erie there is a further increase of $50,200 in net, this on a gain of (621,600 in gross.
On the combined lines, therefore, there was during
April (2,289,500 improvement in gross and (748,800
improvement in net. The showing is gratifying not
merely because of the addition of nearly (750,000 to

THE CHRONICLE.

1218

net earnings, but also by reason of the fact that the
million dollars gain in gross is evidence that traffic
still keeps expanding in a noteworthy way. We have
brought together in the following the monthly changes
in gross and net for the last six months so as to indi­
cate in a graphic way the radical alteration that is
taking place in these exhibits of earnings.
INCREASE OR DECREASE COMPARED WITH PREVIOUS TEAR.

Month.
Gross earnings.
November......................
Gain, $785,100
December.................................. Gain, 1,835,000
Jan u ary...................
Gain, 1,259,000
February..............................G a in , 1,004,600
M arch.........................................Gain. 2,018,900
A p ril...........................................Gain, 2,289,500

Xet earnings.
Loss,$1,086,200
Loss, 848,700
Loss, 678,600
Loss, 902,300
Gain, 136,400
Gain, 748,800

It will be seen from the foregoing that in the earl­
ier part of this period losses in net amounted to one
million dollars a month. With March a change for
the better occurred, and in April the gain in net, as
already stated, reached close on to three-quarters of
a million dollars. The company’s fiscal year corre­
sponds with the calendar year, and under the improve­
ment of the last two months net earnings for the
combined Eastern and Western lines are now only
1762,500 behind the large total of the net for the
same four months of 1902. A single other month of the
character of that for April would serve to wipe out
this remaining small loss, and thereafter further im­
provement in net would count, month by month, as
that much addition to the figures of last year. In the
following we furnish our usual six-year comparison for
April and the four months for the last six years on the
lines directly operated east of Pittsburgh and Erie—
being the only portion of the system for which we have
the data for such a comparison.
L ira s Ea st

of

PITT8BUBS.

1903.

1902

j

1001.

UOO.

j

18*9.

1898.

*
'
*
April.
*
*
«
1
Gross earnings... 10,767.577 9,099.677 8,142,377 8,909,372 5 661.372 | 5,358,172
Operat’g expenses 7.042,29- 6,072,998 6,449,198 4,768,161 4,080,06) 3,838,964
N et earnings.. 3,726,279 3.026,679 8,693,178 2,141.20-j 1,631,308 1,524,208
Jan. 1 to A pril 30.
Gross earnings... 3F,702,879 33,831,879 81,566 6 '8 26.501,909j81.363.3C9 20.715,109
O perat’g expenses 88,691,885 23,458.885 21,526,985 18,634,381|16,064,88l 15,043,081
N et earnings

10,110,894 10 462,994 10.039.691

7,867.528j 6.298,42-

5.672,028

Not* .—These figures include the Bufialo < Allegheny Valley Divi­
te
sion for 1901, 1902 and 1903. In April, 1901, the earnings of this
division were, approximately, gross, $604,405; net. $114,971. From
January 1 to April 30 the earnings o f this division in 1901 were
$2,310,770 gross and $611,767 net.

There was no change in official rates of discount by
any of the European banks this week, and unofficial
or open market rates were easy. The Bank of Bom­
bay reduced its rate from 8 per cent to 7 per cent. The
bank statement of this week should reflect the ship­
ment of $550,000 gold sent to Canada, of $250,000 to
Buenos Ayres and of $4,736,286 shipped to Europe.
The withdrawals for Europe having been made on
Tuesday and Wednesday, the averages will be for
about four days of the bank week.
The applications from April 1 for the exchange
of refundable bonds for the 2 per cent consols
amounted at the end of May to $69,908,650. The ap­
plications and the exchanges to the close of business
on June 4 were $70,591,850.
Money on call, representing bankers’ balances, was
firmer this week, influenced by the comparatively
large gold exports, and loans on the Stock Exchange
were at \\ per cent and at 1£ per cent, averaging
about 3 per cent. On Monday money loaned at 3
per cent and at 2£ per cent, with the bulk of the busi­
ness at 2 f per cent. On Tuesday and on Wednesday

[VOL. LX X VI,

traasactions were at 2| per cent and at 2£ per cent,
with the majority at
per cent. On Thursday loans
were at 4£ per cent and at 2J per cent, with the bulk
of the business at 3 per cent; the higher rate was re­
corded early in the afternoon, but loans at the close
were at 2 f per cent. On Friday transactions were at
4 per cent and at 1£ per cent, with the majority at
3 per cent. Banks and trust companies quote 3 per
cent as the minimum. Time loans were more firmly
held, also because of the large gold exports, and there
was a good demand, especially for the longer dates.
Quotations for loans on good mixed Stock Exchange
collateral were 4^@5 per cent for sixty to ninety days,
5@5| per cent for four to six months and 6 per cent
for seven to eight months. The business in commer­
cial paper was light and the buying was chiefly from
out of town. Rates are 4 f per cent for sixty to
ninety days’ endorsed bills receivable, 4 f @5£ per cent
for prime and 5£@6 per cent for good four to six
months’ single names.
The Bank of England minimum rate of discount
remains unchanged at 3£ per cent. The cable reports
discounts of sixty to ninety day bank bills in London
3@3^ per cent. The open market rate at Paris
is 2 £ @ 2f per cent, and at Berlin and Frankfort it is
per cent. According to our special cable from
London, the Bank of England lost £498,222 bullion
during the week and held £35,351,404 at the close of
the week. Our correspondent further advises us that
the loss was due to imports of £386,000, of which
£50,000 from Egypt, £29,000 from miscellaneous
sources and £307,000 bought in the open market, to
exports of £100,000 to Buenos Ayres and to shipments
of £784,000 net to the interior of Great Britain.
The foreign exchange market was quite strong until
Wednesday, influenced by a demand to remit for ma­
turing settlements, and sight bills were so scarce that
•4,736,286 gold was shipped to Europe in lieu of ex­
change. The satisfaction of the Inquiry through
these exports and the offering of some bills which
were drawn against the shipments to Paris imparted
an easier tone to the market on Wednesday, and on
the following day there was a deollne in rates to fig­
ures which precluded further exports this week. The
higher rates for time money encouraged the negotia­
tion of sterling loans and some sixty and ninety day
exchange, representing these negotiations, was offered
on the market after the middle of the week, causing
a slight decline in long bills. There were very few
commercial drafts, and those which came into the
market were chiefly against grain. The shipments of
gold during the week were $250,000 to Buenos Ayres
by Heidelbach, Ickelheimer & Co. on Monday; $705,815 81 by L. Von Hoffman & Co. and a South American
house to Berlin; $1,001,578 44 by Heidelbach, Ickel­
heimer & Co.,$1,014,973 87 oy Baring, Magoun& Co.,
$1,000,533 84 by Goldman, Sachs & Co. and $1,013,384 10 by Laaard Freres to Paris on Thursday.
Besides the foregoing $500,000 was sent to Can­
ada. This makes a total of $5,486,286 06 for the
week, of which $4,736,286 was sent to Europe.
The
Assay Office paid $746,418 85 for domestic bullion.
Gold reoeived at the Custom House during the week,
$5,484.
Nominal quotations for sterling exchange are 4 85^
for sixty day and 4 88£ for sight. Rates for actual
business opened on Monday unchanged, compared

THE

J une 6, 1903.]

CHRONICLE.

with those at the close on Friday of last week, at 4 8516
@ 4 8525 for long, 4 8816@4 8825 for short and 4 8870
@ 4 8880 for cables. The market was firm, and on the
following day it grew strong at an advance of 10
points for long to 4 8526@4 8535, and of 6 points for
short to 4 882C'@4 8830; cables were unchanged. On
Wednesday the tone was easier, the urgent inquiry
having been satisfied by the preparations for gold
exports, and long fell 5 points to 4 8520@4 8630;
short, 10 points, to 4 8810@4 8820, and cables, 10
points, to 4 8860@4 8870.
The market was again
easier on Thursday at a decline of 10 points for long
and short, to 4 8510@4 8520 for the former, and to 4 88
@ 4 8810 for the latter, while cables were 15 points lower
at 4 8845@4 8855. The tone was easy on Friday at a
fall of 10 points for short and of 15 points for cables.
The following shows daily posted rates for exchange
by some of the leading drawers.
Th o
M o n .,
T e a s .,
W i d .,
FBI .
M a v 29. J u n e 1 . J u n e 2 .] J u n e 8 . J u n e
8 6)4
8 8 )4
8 5 )4
89

8 6)*
8 s )4
86
89

8 6 )4
8 8)4

1 60 d a y s
B a n k B r itis h
N o . A m e r i c a .. { s i g h t . .

4 86
4 69

86
89

80
69

8 6 )4
8 8 )4

85X
8 8)4

8 5 )4
8 t)4
8 5 )4
8 8 )4
85X
8 6 )4

Bank o f
J 60 d a ys
M o n t r e a l ........... i S i g h t . .

4 8 5 )4
4 8 8 )4

8 6 )4
8 8 )4

8 6 )4
8 8 )4

8 6 )4
6 8 )4

8 6 )4
8 8 )4

8 5 )4
8e X

C a n a d ia n B a n k j 6 0 d a y s
O f C o m m e r c e .. { S i g h t . .

4 8 6 )6
4 8 8 )4

8 5 )4
8 8 )4

8 f )4
8 8 )4

8 6 )4
8 8 )4

8 5 )4
8 6 )4

8 6 )4
8 8 )4

H e ld e lb a o h , Ick - ( 60 d a y s
e lh e t m e r & C o . { S i g h t . .

4 86X
4 8 8 )4

86

‘9

86
89

86
89

8 6 )4
8 8 )4

8 6 )4
8 8 )4

L a i a r d F r e r e s .. ( 6 0 d a y s
{S ig h t ..

4
4
4
4

86
89

86
89

86
89

8 6 )4
88X

8 5 )4
8 8 )4

8 6 )4
8 8 )*

8 6 )4
8 8 )4

8 6 )4
8 6 )4

8 6 )4
8 8 )4
9 6 )4
8 8 )5

JHO d a y s
{ S ig h t.

B r o w n B r o » .........

B a r in g ,
( 60 d a y s
M a d o n n a C o .. 1 S i g h t . .

M e rc h a n ts’ B k. j 60 d a y s
o f C a n a d a ......... { S i g h t .

4
4
4
4

8 6 )4
8 8 )4
88
89

.
F B I ..
4 June 5

r

l i T

8 5 )4
8 8 )4
8 5 )4
8 8 )4

86
89

96
89

The market closed at 4 8510@4 8620 for long,
4 8790@4 88 for short and 4 8840@4 8850 for
cables.
Commercial on banks 4 84^@4 84f and
documents for payment 4 84^@4 86£. Cotton for
payment 4 84^@4 84^, cotton for acceptance 4 84£@
4 84J and grain for payment 4 85-£@4 86^.
The following gives the week's movements of money
to and from the interior by the New Y ork banks.
W e e k U n d i n e J u n e 5 , 1 00 8 .

R e c e iv e d by

S e t I n te r io r

S M p p sX by

M ovem en t

m . Y . B an k s. N . Y . B an k s.
O i r r e n o y ..............................................................
G o l d ..............................................................

*6,708,000
1 321,000

82,949,000
1,512.000

Gain. I3.760.OOC
Loss.
188,000

T o t a l g o ld a n d l e g a l t e n d e r s . . .

*8 032.000

24,461.000

G a la .

J3.571.00C

With the Sub-Treasury operations and gold exports
the result Is as follows
W e e k M n d i n s J u n e 6, 1 9 0 8 .

Out

l% f
B an k *.

B a n k s In te rio r m o v e m e n t as a b o v e
S a b -T r e a s . op er.

and gold

e x p o r t s ..

T o t a l g o ld a n d l e g a l t e n d e r s . .

S e t Chany# U
Bank R o M iv tf

B an k s.

*8.032,000
16,300,000

14,461,000
22 402 000

124 832 O O
O

*26,803.000

'3,671.001
8,102 0O
C

G a in .

Loss.

Loss. *2,581.000

The following table indicates the amount of bulllor
In the principal European banks.
J u n e 4, 1803.

J u n e 5, 1902.

Bank *f
G o ld .

S ilv er .

£

d

U ta l

G o ld .

S ilv er .

X

X

X

lo ta l.

X
3 5 ,3 6 1 4 0 4 8 6 .5 5 0 .8 5 8
......... 3 5 361 404
8 6 ,6 5 0 ,8 6 6
k r o n e * ............... 1 0 0 .1 2 1 6 1 8 4 4 8 1 6 ,3 9 6 1 4 4 .9 3 8 0 14 1 0 2 ,8 2 8 ,9 6 9 4 4 .8 3 7 691 1 4 7 ,6 8 8 .5 6 0
G e r m a n y ......... 3 3 .6 4 3 .0 0 0 1 1 .8 8 1 ,0 1 0 4 6 ,4 6 4 .0 0 0 3 9 ,1 2 6 ,0 0 0 1 4 ,4 7 2 .0 > 6 3 .6 9 7 ,0 0 0
7 7 .6 7 6 .0 0 0 8 ,8 8 3 ,0 0 0 8 6 ,4 6 9 .0 0 0 7 4 ,0 9 6 ,0 0 0 8,9S7,00<
K a s a i * ...........
8 3 .0 8 3 0 0 0
■ n g la n d

A n i .- H n n z ';

t

4 5 .7 1 7 ,0 0 0 18 1 4 0 ,0 0 0

6 8 ,8 6 7 .0 0 0

4 4 .3 1 5 ,0 0 0 1 2 ,6 3 7 ,0 0

8 6 ,9 5 2 ,0 0 0

S p a i n ...............

14 6 2 8 .0 0 0 8 0 .6 6 4 .0 0 0

8 6 ,0 8 2 ,0 0 0

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

I t a l y ...................

1 7 .8 7 8 0 0 0

2 ,8 6 6 6 00

2 0 ,2 2 8 6 0 0

1 6 .1 6 2 ,0 0 0

2 ,1 8 9 .6 0 0

8 2 ,8 0 4 .0 0 0
1 8 ,3 5 1 .6 0 0

N e t h a r la n d s

8 ,8 3 9 .6 0 0

8 ,6 7 6 ,8 0 0

1 0 ,5 1 5 ,8 0 0

6 0 4 0 ,1 0 0

6 ,7 9 8 ,4 0 0

1 1 ,8 8 0 ,5 0 0

M at

2 .9 8 2 0 0 0

1 ,4 9 1 .0 0 0

4 ,4 7 3 ,0 0 0

8 ,1 5 6 ,6 6 7

1 ,6 7 8 3 3 8

4 ,7 3 6 ,0 0 0

B e lg ’n .* .

T o t ,t h i s w t e t 3 3 1 .8 3 0 .5 2 2 1 0 9 5 3 8 2 9 6 4 4 1 ,3 6 8 ,8 1 8 8 85 ^ 89 9 ,58 2 0 0 1 2 6 9 3 4 (4 5 6 2 6 .6 1 8
T o t . p r e v . w ’ k 3 8 4 .1 1 4 ,8 1 1 I t 9 7 8 9 6 8 9 4 4 3 ,9 0 4 .4 4 0 8 3 4 ,7 3 8 ,7 0 9 1 0 9 9 4 3 6 1 6 4 4 4 .6 8 0 .3 2 6

• T h e d ivision (betw een gold an d silver) g ive n In our ta b le o f c o ls
and b ullion In th e B ank o l G e rm a n y and th e B an k o l B elgiu m is m ad e
from the b est e stim ate w e are able to o b t a in ; In n either oase Is It
claim ed to be aoonrate, as th o se b an k s m ak e no d istin ction in their
w ee k ly return s, m e rely rep orting th e to ta l gold an d sliv e r, b u t w s
beU eve the d ivision w e m ak e is a d o s e ap p rox im ation .
t The Austro-Hnngartan Bank Statement is now issued in Kronen and Heoer Instead ol Gulden and Kreutser. The redaction of the former ourrenoy to
sterling £ was by considering the Gulden to have the value of 60 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent In
London, in order to redace Kronen to
has altered the basis of oonyersion by
|1Tiding the amount o f Kronen by 24 instead of 20

1219

THE M ARKETS AND THE CROPS.
Wall Street has seemed to suffer during the present
week under au accumulation of misfortune. To the
daily visitor at a Stock Exchange office It may easily
have appeared as if the news were developing nothing
but calamity. Gold exports, orop damage advices,
disturbance in neighboring money markets, the ru­
mored approach of another coal strike and, above
all, persistent fall in prices on the Stock Exchange,
were enough, collectively, to shake the serenity of the
most tranquil observer.
It Is times like this, however, when the mercurial
Stock Exchange community has begun to ask if there
is anything in prospect but general wreck, that coolheaded observers may usefully intrude their question
as to what has really happened. We propose to seek
an answer to this question.
If one surveys the general situation— we do not
mean the quotations of the Stock Exchange— we sus­
pect that he will find surprisingly little change from
the position of three months ago. We have shipped
some gold, as we usually do at this season of the year,
and as we did at this season, It may poEslbly be re­
membered, even in 1901 and 1900. We are under­
going a process of readjustment in the position of
real capital— a readjustment which was foreshadowed,
as plainly as anything conld be, by the ontspoken de­
scriptions of the situation months ago. We are passing
through the doubts and misgivings over the outlook for
the crops, as’ we usually do at the period of the year
when one set of crops has not been harvested and
another is hardly under ground. For the rest, such
a survey will disclose the interesting fact that trade
and industry are progressing very much as if no pre­
dictions of calamity had been heard from Wall
Street. Demand from the consumer Is still of so sub­
stantial a character that the attitude of labor Is ob ­
noxious to employers, chiefly because it threatens to
interrupt production or distribution. The character­
istic of the season in this matter Is, in fact, the em­
ployer's disposition to concede or compromise, rather
than to bring matters to a crisis where the wheels of
industry would stop.
This, we think, Is a perfectly fair review of the
existing situation. In so defining it, we do not pro­
fess to say that the process of readjustment visible on
the Stock Exchange may not foreshadow readjustment
elsewhere, where conditions regarding values have
been placed on a similar Inflated basis. We should
not consider such readjustment a calamity in the one
direction any more than in the other.
But the
essential question, in our mind, is whether the indus­
trial position generally is sound or not. If it is not,
then our position may be really serious. If it is, then
the markets will emerge from their present troubled
situation in a more healthful state than they have
enjoyed for many months.
Undoubtedly the crop perplexities have been upper­
most In the financial mind during the present week.
This Is entirely natural in view of the great Import­
ance of a profitable harvest both to the country's gen­
eral wealth and to its power in foreign trade. We do
not, however, regard the crop situation as more
vital or more critical to day than it is in any
year. Furthermore, we are inclined to think that
the markets In their present mood of pessimism
are drawing some prematnre and unwarranted in­
ferences.

1220

THE CHRONICLE

What is the situation ? First, a winter-wheat crop
which started out with in all respects the finest
promise in a generation ; for which the April esti­
mates seemed to justify predictions of a yield greater
by 125,000,000 bushels than the largest previous
winter crop in the country's history. This estimate
has since been cut down by the floods in the
Missouri Valley, which have impaired the promise
of the crop in that portion of the country. There is,
consequently, no doubt that the winter crop along the
Missouri bottom lands will fail to fulfill early expecta­
tions. And still no one supposes that the upland
crops have been submerged, nor are there any facts
as to actual damage known to-day which do not leave
fair ground for relying on an abundant e arly yield of
wheat.
The spring-wheat and corn crops present a some­
what different problem. In the upper Mississippi River
and Missouri River district corn has also suffered from
the persistent rains. Accounts at hand to date do
not indicate damage from this cause to the spring
wheat crop; on the contrary, the crop as a whole ap
pears to be doing extremely well. In some of the
spring-wheat districts and in the fertile Kansas and
Nebraska corn belt there is no doubt that the plant
ing season has been delayed. This, as is well known,
is chiefly an unfavorable condition because a lateplanted crop is exposed, through the consequent
lateness of the harvest, to dangers of autumn frosts.
But it must be remembered also that, though planted
late, the seed will lie in a soil so saturated with moist­
ure as to minimize the danger of midsummer drought,
and, with favoring weather through July and August,
it is by no means unlikely that so rapid growth of the
crop may be assured as fairly to make up for the time
lost at the start.
In short, with all the vicissitudes which have beset
the early crop season, we see no ground for assuming
that harvests will turn out badly. Moreover, it is
well to keep in mind that the tendency in the public’s
present mood is to exaggerate the unfavorable ele­
ments in the outlook. We shall be able to see many
things more plainly a few weeks hence.

MR. CHAMBERLAIN’S IM PE RIA L CUSTOMS
PROPOSALS— TH E “ SQ U E E Z E ” IN TH E
COTTON M A R K E T *.

M anchester , May 27th 1903.
It would be easy to exaggerate the real importance
of Mr. Chamberlain's recent speech at Birmingham
upon intra-imperial commercial relations. The ideas
expressed in it are not new, and in spite of their
attractiveness to a certain order of minds, they are
regarded, even by many of them, rather as an aspira­
tion than as a practicable scheme.
As far back as in June 1896 he himself put forward
the same tentative proposals in opening the Congress
of Chambers of Commerce of the Empire held in Lon­
don. On that occasion resolutions in favor of an
intra-imperial Customs arrangement, based upon pro­
tection as against foreign productions, met with so
hostile a reception by most of the delegates, who
came from all parts of the empire, that they were
withdrawn.
Similar proposals were again brought forward at the
London Congress of 1900 and were again put aside.
They are to be submitted once more to the Congress
* Communicated by our Special Correspondent at Manchester, Eng.

[V ol . LXXVI.

which will be held at Montreal in August next, and
the representatives will then have the benefit of the
almost world-wide discussion of the project which
the Birmingham speech has evoked.
Oa each of these occasions the movement has sprung
from Canada, Hitherto it has found isolated sup­
porters in the United Kingdom, in Australia and in
other colonies, and it will doubtless gain some addi­
tional force at Montreal from the warm commenda­
tion whioh has just been bestowed upon It for the
second time by the Secretary of State for the Colo­
nies, unless, indeed, the discussions now going on
should shatter It. That is unlikely, however, for
they have certainly revealed a good deal of sympathy
in the English and Colonial press, amongst business
men and from a few statesmen, mostly of secondary
or lower rank.
But although the suggested Customs compact will
not be altogether discredited by current discussions
before the August Congress, it will encounter a good
deal of purifying criticism. It is one thing to en­
tertain a sympathetic inclination toward a vague and
far-reaching change, but it is quite another thing to
give it unreserved support when Its precise nature
and all its consequences have been laid bare. The
sympathy is manifested by various kinds of people.
Merchants and manufacturers who have wholly or
partially lost some foreign market for their produc­
tions by enhanced Customs duties; men who, without
any personal interest in the matter, fear that their
country will be ruined by persistence in the practice
of free trade in the face of a protectionist world; Im ­
perialists who think that a Customs union of some kind
is needed to secure the permanent cohesion of the
several parts of the empire.
No general or even widespread expression of opinion
has come from the wage-earners, but such Indications
as have appeared are mostly opposed to any change.
When probed, too, the sympathy of individual busi­
ness men is not often found to be based on clear in­
tellectual conviction. One hears them say occasion­
ally, “ I am a free trader, but—" Then follows a
statement of his particular grievance, either that a
foreign market has been more or less closed to him or
that his business is from time to time injured by the
“ dumping down'' of slaughtered surplus productions
from some protectionist country. Ordinary and what he
calls “ natural” competition he does not fear, but he ob­
jects to such as is traceable to “ unfair” legislation.
Upon many of the objectors to the present policy of
Great Britain, as well as upon those who only doubt
its wisdom, Mr. Chamberlain's speeoh has produced a
marked impression. For the moment, at any rate,
their objections and doubts are strengtened, and yet
they would like to see a little more clearly whither the
new departure will lead them, and some are more
than half inclined to suspect that the remedy pre­
scribed would in the end prove worse than the disease.
But vast numbers of Englishmen, Including probably
the bulk of the more thoughtful manual laborers, are
too thoroughly saturated with free trade habits of
though to be stirred by the new movement. They,
perhaps, could not argue very effectively with a pro­
tectionist or an Imperial customs unionist, but they
grasp the idea that to be able to buy food and manu­
facturing materials wherever in the world they are
cheapest without any other obstacles than those which
nature imposes, must be solid advantages for an in­
dustrial nation.

J N 6,
UE

1903.]

THE CHRONICLE

Others again extend this principle, and see In the
greater part of the .£100,000,000 of manufactured
commodities imported dnty free into this country the
materials or accessories of home Industries. These
contend that to be the “ dumping ground” for the
“ slaughtered” products of the world is a manifest
benefit to the material interests of the country, and
that this is one of the secrets of British prosperity.
Abundant examples in support of this proposition are
familiar enough to men who have opportunities of
knowing much about the commercial details of British
industries.
A striking illustration is published to-day of the
manner in which cheap imports of manufactures are
turned to good account. An important contract was
recently placed for a gas-works plant at Copenhagen.
The tenders came from German and British firms.
The lowest German one was £11,250, the lowest
and the successful one (from an English firm) was
£10,900. The latter was enabled to quote so low a
price because it was offered German iron or steel
plates at “ export” rates, i. e., “ slaughter” rates,
while the German tenders were based upon the home
quotations for these materials, which of course were
higher than the export rates. That is but one of
thousands of instances of an experience which, though
frequent enough, is not, for obvious reasons, matter
of common knowledge.
The further extraordinary advance in raw cotton
which has taken place during the last fortnight has
brought the Manchester market to a state of almost
suspended animation. Business is rarely possible at
anything [like remunerative prices, and as a rule
only those sellers of goods and yarns who are prepared
to accept offers at rates below the present cost of
production can make progress. Spinners and manu­
facturers have of course sufficient orders previously
taken to keep most of the machinery at work for
some weeks to come; but contracts are expiring day
by day, and these can only be replaced without loss
where a surplus of raw material bought at much below
present prices is held. Already some machinery,
probably not a large proportion, is idle, and it is cer­
tain that there will be much short-time or partial or
temporary stoppage during the next two or three
months.
Next week being Whitweek, the ordinary holiday of
two or three days will be extended to six or eight
days. This course was decided upon at meetings of
North and South Lancashire associations of spinners
held yesterday, and further meetings are to be con­
vened to concert organized short-time, with provision
for individual mills to work under exceptional cir­
cumstances by payment of a statutory contribution
per spindle to the funds of the association.
The deadlock does not arise so much from general
skepticism on the part of spinners and manufacturers
In the maintenance of present high prices for cotton
until the new crops— American and Egyptian— begin
to arrive in quantity, as from the dogged refusal of
the distributing markets abroad and at home to
respond adequately to the advance. Similar opposi­
tion is being experienced by the continental cotton
Industry, and—less markedly perhaps—by that of the
United States. Continental spinners and manufac­
turers hold contracts for their production much more
extensively than do their British competitors, and
their abundant purchases of cotton during the last
few months were mainly for the purpose of covering

1221

their sales. It is not probable, therefore, that the
continental consumption will be muoh ourtalled dur­
ing the remainder of this season, but their ample
reserves will prevent the necessity of their buying at
current rates. There can be no doubt, however, that
the English consumption will be substantially reduced
during the next three months.

COTTON ACREAGE AND CONDITION
JUNE 1 1903.
Investigations made with reference to this spring's
planting disclose a general tendency to add to the
area devoted to cotton. Such a result was to be
expected after the remunerative returns planters re­
ceived for the crop now being marketed and the very
high prices that have ruled for the staple during the
planting season. Farm work, however, has been
carried on under adverse conditions, for although
there was no extensive flood as In 1900 and 1897,
rainy and cold weather In the early spring delayed
preliminary work as well as the actual putting in of
the seed, while the inundation of some rich lands in
Mississippi, Arkansas and Louisiana prevented any­
thing being done in the flood-affected territory until
somewhat beyond the usual time. The start, there­
fore, was late, but more satisfactory weather during re­
cent weeks has turned an indifferent outlook Into what
may be called a fairly promising one, the plant, though
small, having generally a healthy stand.
One feature of the closing cotton season calls for
comment. We refer to the manipulation now and for
some time in progress which has forced the price of
the commodity to an abnormally high point. The
manipulation really had its start with the issuing of
the Agricultural Department report on September 3,
in which the condition of the crop was given at 64 on
August 26th, a drop of 17 points from the previous
month’s report. A month later a further impulse was
given to the speculation when the Department re­
ported the condition 58’3—the lowest on rec­
ord—indicating that the year's outturn would be
but little over half of a normal full yield on
the acreage planted. It is needless to remark that
neither of these reports coincided at all closely
with the Information gathered by private parties, but
they were seized upon and made much of by leading
speculators in their efforts to boost the market. On
December 3 the Department’s preliminary estimate of
the year’ s yield was made public, and it pointed to a
crop of 10,417,000 bales, which clearly proved the in­
correctness of the former condition percentages. In
the meantime unfavorable weather set In, which ham­
pered materially the gathering of cotton, and this,
with congestion of traffic on railroads, restricted the
movement, giving some color of truth to claims of a
short crop.
About the same time It became apparent that the
world’s visible supply of the staple had begun to show
an appreciable decrease from the previous year’s figures.
This condition, very naturally, was used as an argu­
ment that the aggregate consumption of cotton in
progress was much larger than generally estimated.
Last season the amount of American cotton consumed
in the mills of the world was approximately 10,650,000
bales, and the current season’s requirements have been
estimated by close students of the subject at not over
11,000,000 bales. Even that figure has of late been
thought too large in view of the abnormally high
prices which have been ruling for some time past for

1222

THE CHRONICLE.

American cotton and the much heavier takings of the
Eist Indian staple by Europe.
Operators for a rise
have, however, Ignored this view and have widely cir­
culated the report that the requirements from
America this season have been grossly underestimated
and that consumption will reach 11,500,000 bales, and
produce a cotton famine before the new crop begins
to move. This contention, although shown to be not
borne out by the facts—the greater part of the loss in
the visible stock being accounted for by the larger in­
visible supply held by mills—has influenced holders in
the interior to look for higher prices, and thus, until
recently, restricted marketing.
For the past few
weeks, however, the movement into sight has been
much in excess of last season. But facts tending to
indicate that the crop of 1902 3 will be sufficiently
large to meet consumptive requirements and leave a
surplus, have had no more than a temporary effect in
checking speculative manipulation. The Census re
port on cotton ginned which appeared on April 1st,
reporting the yield of 1902-3 at 10,827,168 bales of 500
lbs. average weight, was brushed aside by the specula
tors as too high, notwithstanding all previous ginniDg
statements had proven to be well under the actual
growth. On the contrary the manipulators became
more active and the markets were forced up more rap­
idly until prices passed anything recorded since 1890.
What the ultimate effect on the residuary legatees of
this speculation will be it is not possible as yet to in
dlcate.
Bnt the later movement cannot be anything
but harmful to both the trade in the raw material and
to mill interests. Heretofore such operations have as
a rule resulted disastrously to those concerned. The
measure of success reached this season increases the
possibilities of future venturesomeness along the samt
lines.
We would not by any means intend to reflect upon
the good faith of the Agricultural Department’ s re­
port of September 3 nor even of that of October 3.
They were no doubt accidentals—a kind of casualty to
which all parties estimating a growing crop are sub­
ject. Both issues were unfortunate, and as already
noted were corrected December 3 by the Department
itself In its estimate of the yield; the Census B areau re­
port of April 1 1903 showing a crop of 10,827,168 bales,
averaging 500 lbs., further indicated the wide diver
gence between the yield and the reported condition
figures. As the Census reports are intended to cover
the actual growth of a year’s planting, it is not to be
expected that for any one year they would agree with
the crop as oounted commercially. Bat the aggre­
gate of each for a number of years should closely
conform. If, however, we were to take the aggregate
of the yearly estimates for a decade and compare it
with the total of the commercial crops for a like pe
riod, a deficiency of some millions would be disclosed.
This forces us to the conclusion that a radical im
provement in the methods of making the Depart
ment’ s estimates should be inaugurated or they
should be discontinued as worthless and misleading.
To indicate the difference between the various esti­
mates issued by the Agricultural Department and
Census Bureau and the actual commercial crop, we
have compiled the following for the years since the
Census Bureau began isslng the ginning reports.

190019011902-

[VOL.

l x x y i,

It will be observed that in no year has there been any
wide difference between the Agricultural Department
and Census Bureau figures. Furthermore, as we have
remarked above, the results are invariably less than
the commercial crop, and in 1901-02, the latest year
that any comparison is possible, the deficiency is
□early one and a-quarter million bales. The question
therefore naturally arises, how much too low is the
1902-03 total ?
Prices for cotton have reached the point where the
manufacturing of many lines of goods can only be car­
ried on at a loss. If this result had been reached through
natural causes—a real deficiency in the supply of cot­
ton— th9 matter would surely adjust itself. Bat when,
as in the current year, the enhanced cost of the raw
material is primarily a matter of speculation, it will
mean a curtailment or cessation of production of
goods as soon as contracts on hand are filled. More
particularly is that development likely this season, as
values of goods have shown no disposition to follow
the upward course of cotton to a corresponding
extent.
Conclusions.

From the facts contained in the detailed reports
received from all sections of the South, a summary of
which is given by States on subsequent pages, we sum
up in brief the conclusions they lead us to as to acre­
age, etc., as follows:
F i r s t —As already remarked, the tendency in 1903
has obviously been towards increased acreage. Any
other result in view of the surroundings in force at
che time of planting would have been cause for sur­
prise. Ia consequence of the conditions noted, the
price of the staple has been steadily rising all through
the planting season, and now stands higher than at
any time since May and June 1890. It is therefore in
the decidedly profitable outlook to the planter from
his 1902 planting that the incentive to increase the
area is found. Additions are quite general, but as a
rule are heaviest in the States west of the Mississippi.
Thus the greatest percentages of excess are in Indian
Territory, 20 per cent; Oklahoma, 18 per cent, and
Texas, 7 per cent. The changes, as we have made
them up for each State, are shown in the appended
statement.

States .
Virginia______ ....
North Carolina___ .. .
South Carolina... . .. .
Georgia.................. ...
Florida...................
Alabama................. ...
Mississippi............. ...
Louisiana............... .. .
Texas...................... .. .
Arkansas................ .. .
Tennessee.............
Indian Territory..
Oklahoma.___ . . . .
Missouri................
Total.................

A crea ge,

1902.

Estimated for 1903.
|
A cres,
1 In crea se.
D ecrea se.
1903.

32,325 6 per cent. |
1,074,821 4 per cent j
2,323,871 4 per cent, |
3,971.630 5 per cent.)
294,639 8 per cent.!
3,621,678 8 per cent.
3,219,380 4 per cent. |
1,529.659 2 per cent.
7,593,736 7 percent.
1,852,535 6 per cent.
690,248 6 per cent.
637,503 20 per cent.
397,129 18 per cent
56,217 5 percent.
27.300.371

34,264
1,117,814
2.416,826
4,170,211
318,210
3,911,412
3,348,155
1,560,252
8,130,648
1,963,687
731,663
765,004
468,612
59,028
28,995,786

This compilation shows that there is a net increase
compared with 1902 of 6*21 per cent, the total acreage
reaching 28,995,786 acres in 1903, against 27,300,371
acres in 1902. We add the acreage for previous years
for comparison, giving at the foot of the table not
r -A g r iy u l D ep t.— C en su s.
G om m er- C om ’ l
only the acreage but the total crop for each y9ar,
O ctob er E stim a ted I t id ’d
c ia l
above
C h ro n ic le
c o n d icrop ,
crop ,
crop,
C en su s,
vith the percentage of increase or decrease in area or
acrea ge.
tion .
b a les. bates.
.bales.
bates
01.26,534.000 67-0 10,100,000 10,123,027 10,425,141 302,114 production compared with the previous year, and
02.27,874,000 61-4 9,674,030 9,509,745 10,701,453 1,191,708
The figures of acreage for
03.27,300,371 68-3 10,417,00010,827,168 .............................. the product per acre.

THE CHRONICLE.

J une 6, 1903.]

1899 1900 in the table are from the Census; those for
other years aro all our own.
C TTO AC RE AG E
O N

FO R TH E T E A R S N AM ED — (O O O m i t t e d ).
O s

Virginia................................
North Carolina................. ..
South Carolina......................
Georgia................................
Florida................................ .
Alabama...............................
Mississippi............................
Louisiana.............................
Texas....................................
Arkansas...............................
Tennessoo............................
Indian Territory...................
Oklahoma......... ..................
Missouri, &o........................

1902-03 1901-02 1900-01 1899-00 1898-99
32
32
31
26
45
1,075 1,119 1,098 1,007
908
2,324 2,371 2,302 2,074 2,098
3,972 4,053 3,903 3,516 3,645
295
281
255
222
285
3,622 3,734 3,522 3,202 3,019
3,219 3,285 3,159 2,898 2,946
1,530 1,545 1,500
1,376 1,203
7,599 7,834 7,403 6,860 6,314
1,852 1,890 1,806 1,642 1,551
727
686
690
623
647
637
580
508
442
275
397
361
301
240
174
62
60
56
47
65

Total acreage.................. 27,300 27,874 26,534 24,175 23,175
Total production...................
10,701 10,425 9,440 11,235
Increase In acreage............. *2*0694 5-05% 9*76% 4-31% 0-63%
Inoreaso In production.........
2-65% 10*43% *15-98% 0-50%
Product per acre, lbs............
200
186
193
189
240
* Decrease.
S e c o n d . — With regard to maturity, cultivation and
condition, the conclusions we reach are as follows:
( 1 ) As to maturity, it is quite evident that at this
time the crop as a whole Is below the average. In
other words, the situation to-day requires us to
call the crop a late one. 15 is, however, hardly as
backward, with some limited exceptions, as those
planted in 1901 and 1900. Frequent rains and low
temperature in the early season delayed planting
almost everywhere, and floods in portions of Missis­
sippi, Louisiana, Arkansas and Alabama complicated
the situation somewhat. Conditions adverse to rapid
development prevailed quite generally until after the
first of May, dry weather coupled with low tempera­
ture checking germination at many points. D ar­
ing nearly all of May, however, the weather was
favorable to satisfactory growth, although we have
had some complaints of continued low temperature.
But it is a question whether this seeming lack of
warmth In the atmosphere, through making upward
growth slow, ha3 not fostered a healthy formation of
tap root, giving the plant more vigor than is now
apparent.
(2) Cultivation has received thorough attention,
the absence of any extended rainy period since the
plant came up having favored field work. In recent
years there have been few complaints of foul or grassy
fields. There has been a considerable increase in the
use of commercial fertilizers this year in the States
east of the Mississippi River, except Mississippi, but
west of the river, artificial aids to production, not being
deemed necessary, are not availed of. The official
figures issued by Major E. Willis of Charleston, S. C.,
Indicate that the shipments of fertilizers from that
port in the current season have been 340,231 tons,
against only 316,067 tons last year.
(3) Condition of the plant, which on June 1 waB
later and not as favorable as it was a year ago, is cer­
tainly more promising than in 1901. Furthermore,
latest reports denote that stands, though small, are
generally good, and that with normal conditions a
satisfactory yield may be looked for.
Our summaries by States are as follows:

V ir g in ia . —Cold and wet weather interfered with farm
operations in the spring and in consequence planting of
cotton was delayed. The same conditions hindered germ i­
nation so that seed cam e up rather late and irregularly. No
appreciable amount of replanting was done. During the
latter part of May m ore favorable weather conditions in.
duced satisfactory development, the plant now having com e
to a fair stand, w ell cultivated. Acreage has been increased

1223

about 6 per cent. Fertilizers.—Commercial sorts have been
much more freely used, but largely at the expense o f home­
made composts.
N orth C a r o lin a . — Unusually cold weather and excess of
moisture during the planting season served m aterially to
retard operations in this State. A start was made in some
sections as early as April 10, or about the usual date, but
progress was slow as a rule, and the work was not c o m ­
pleted generally until after the m iddle o f May, or fu lly a
week later than in 1902. Early-planted seed, on a whole,
came up poorly and more than the usual am ount o f the ter­
ritory involved had to be replanted, but seed put into the
ground after the first o f May germ inated quite satisfacto­
rily, being assisted by beneficial rains and higher tem per­
ature. Conditions since the close o f the first week o f May
have in the main been favorable, although there have been
complaints at time o f lack o f moisture. Good rains fell in the
closing days o f the m onth, how ever, and the outlook at
present is reassuring. Stands average fairly good to good,
w ith fields clear o f foreign vegetation. A creage.—W h ile
in most districts the tendency has been to confine cotton to
the same area as in the previous season, in others an in ­
clination is seen to make some additions. The changes have
been moderate, how ever, netting fo r the whole State a gain
o f about 4 per cent—or the extent to w hich acreage was re­
duced in 1902. Fertilizers.—There has been a more exten ­
sive use o f com m ercial fertilizers; in fa ct the tendency
seems to be quite general, in sections where artificial aids to
production are required, to avail o f these sorts rather than
home made varieties.
S outh C a r o lin a . —A s in m ost all sections o f the South,
the prevailing weather conditions during the early spring
hindered farm ing operations. Excessive rains retarded the
preparation o f the soil and the same adverse influence
coupled w ith lo w tem perature made progress w ith planting
slow. Seeding began in a few districts in March, but plant­
ing was not finished until after the 10th o f May, or nearly
ten days later than in the previous season. First-planted
seed came up poorly, but later plantings germ inated quite
well, although delayed somewhat by lack o f moisture in the
closing days o f A pril and early May. R eplanting to a greater
extent than norm al was required. Since about the 5th of
May m ore seasonable weather has prevailed, under the stim ­
ulus o f w h ich the plant has done very well, but is o f course
at this time not so forw ard in developm ent as in an average
year. In the latter part o f the m onth there were some c o m ­
plaints that rain was needed, but beneficial showers fell in the
closing days. Stands, while small, on the w hole are good and
the fields are clean. Acreage.—In the older cotton States rad­
ical alterations in area are n ot anticipated, the tillable soil hav­
ing been in large part taken up. Special causes, however, at
times influence farm ers to change the proportion o f various
crops sown. This season the ruling prices for cotton at tim e
of planting seem to have been a potent influence in favor of
increasing acreage under the staple. M any have made no
change, but others have given from 5 to 10 per cent more
land to cotton than a year ago. Our replies seem to warrant
an addition to the State as a w hole o f 4 per cent. Fertilizers
o f the com m ercial sorts have received largely increased at­
tention. Hom e-m ade manures have been norm ally used.
G eo r g ia .— This State, like North and South Carolina, and
for the same reasons, reports a late planting this year. It be­
gan about as early as in 1902—say about the 1st o f A p ril—
but was so retarded by low temperature and rainy weather,
w hich in some sections alm ost caused floods, that seed was
not all in until after the m iddle o f May. Germ ination was
slow at first, early plantings getting a rather poor start. But
later plantings as w ell as re-plantings, o f w h ich there was
m uch m ore than an average amount , came up fairly well to
well. The unsatisfactory weather conditions noted in A pril
were also a feature o f the first few days o f May. Since that
time, however, there has been little to com plain of, either as
regards temperature or rain, w ith the result that im proved
development o f the plant is reported and some o f the back­
wardness o f the early season made up. A t the same tim e the
plant is at present smaller than in an average year. Stands are
reported poor to very good, and no difficulty has been experi­
encedin keepin g fields in good condition. A creage.— N otwith­
standing a falling off in planting in a few sections, we find a
disposition prevailing quite generally to a d d to a r e a to a m od­
erate extent, and w e estimate the gain at 5 per cent. Fertil-

im

THE CHRONICLE.

[V o l . L X X V I.

izers.—The progress made in th en se o f fertilizers has in m ost necessary an unusually large am ount o f replanting. Seed
sections been quite marked. Increasing financial resources planted late, how ever, w ith m ore recent favoring conditions,
have turned farm ers’ attention to the com m ercial varieties as cam e up w ell as a rule. On the whole, May weather has
being the most profitable to use, but hom e-m ade sorts have been about as needed to stimulate developm ent and has
not been neglected.
turned a rather unsatisfactory outlook in to a quite prom ising
F l o r id a . —The start o f planting in Florida this year was one. It is n ot to be forgotten , m oreover, that the flooding o f
decidedly later than in 1902. little or nothing being done the lowlands, must, ju d gin g from the past, be considered as
prior to the first of A pril. W ork , how ever, was finally favorable to cotton. Cut worm s are claim ed to have done some
com pleted about May 9, or from a w eek to ten days later damage in overflow ed districts. Stands are as a rule good, but
than a year ago.
G erm ination was interfered w ith all the plant is yet behind an average year in point o f m aturing.
through A pril b y lack o f needed m oisture and cool weather, W eeds and grass have been at no tim e troublesom e. Acreage.
so that the crop had a som ew hat indifferent start. For the —The question o f area appears to have been treated in a
same reasons a considerable amount o f replanting was thoroughly conservative manner. In fa ct in a few districts
required. May weather was m uch m ore favorable, good, planting o f cotton has been carried on less extensively than
seasonable rains occu rrin g in the second week, follow ed in 1902. On the other hand some m oderate gains are report­
since by ju st such conditions as desired fo r the good o f the ed but m any have made no change. A ltogether w e feel
plant. Stands, although m ore backw ard than the average, justified in m aking this year’s addition 4 per cent. Fertilizers
are on the w hole fairly good; the plant is n ow doing w ell, have been a little m ore freely used in upland sections, m ainly
and grass and weeds are causing no anxiety. Acreage has com m ercial varieties.
been increased about 8 per cent. Fertilizers are very little
L o u isia n a . —This State also suffered from overflow the
used.
present season, but the subm erged area was very m uch less
A l a b a m a . —The w et and unseasonably cool weather in the extensive than in 1897, being confined, so far as cotton land
early spring delayed farm w ork in Alabam a, causing the was concerned, to Northern Louisiana in the vicinity o f Lake
planting season to average som ewhat later than a year ago. Providence and to R ed River bottom -lands adjacent to
Furtherm ore, as a result o f heavy and continuous precipita­ Shreveport. Furtherm ore the water had subsided early
tion, some bottom lands were inundated, and in those sec­ enough to not interfere seriously w ith planting operations.
tions little or nothing cou ld be done until after the m iddh U nfavorable weather conditions in the spring did, however,
o f April. Progress from that tim e on was quite satisfactory m aterially hamper the putting in o f seed, low temperature
generally, although coo l weather, and to some extent need ol being quite continuous until after the opening o f May, and
rain, was com plained of. Early-planted seed was u nfavor­ little or no rain fell during April. In an average season con ­
ably affected by prevailing m eterological conditions and siderable planting is done in March and is finally com pleted
cam e up poorly. Later-plantings, how ever, seem, accordin g about the end o f April. That was the situation last year.
to our reports, to have germinated quite well, and subsequent This season hardly anything was done until A pril, and work
to M ay 4, when higher tem perature and beneficial was not finished until the latter part o f May. Early plant­
rains began to fall, the w hole crop made m uch better ings did not germinate well, and some cotton that was up
and, on the whole, fairly prom ising progress in develop­ was injured by frost on the night o f May 1st. From that
m ent. Less replanting than in the States heretofore re­ cause and other adverse influences m uch replanting had to
view ed appears to have been necessary—in some sections be done. Late plantings and the replantings, being assisted
practically none at all. Stands.— On this point our reports by favorable weather conditions, cam e up w ell to very well.
show considerable variation, but the vast m a jority o f the Since the 5th o f May the weather has been decidedly m ore
returns are o f an en couraging nature and denote that stands favorable and the crop has developed nicely, although still
average good.
M oreover, the w eather has favored a behind an average year in point o f advancem ent. Stands
thorou gh cu ltivation o f fields and put the plant in a healthy are now good generally and fields w ell cultivated. Acreage.
—In a few instances scarcity o f labor is cited as an explana­
and vigorous con d ition , though still som ew hat backw ard
Our latest advices, how ever, indicate that recen t develop­ tion fo r a decrease in area, but little w eight is to be given to
m ent has been very satisfactory on the whole. In such reports. Gains are referred to in a num ber o f districts,
fa ct, first form s were reported at Selma on the but a m ajority o f our returns are to the effect that no
26th o f May, or but three days later than in 1902. changes have been made. A nalyzing carefully the in form a­
The outlook to-day is prom ising. A crea ge.— In this State tion at hand leads us to conclude that there has been an in ­
m ore than in those in the A tla n tic section w e discern the crease for the State o f about 2 per cent. Fertilizers are not
effect that the high price for cotton has had in determ in ­ extensively used in Louisiana, but a moderate increase in
in g the question o f area this year. In alm ost all districts com m ercial varieties is to be noted.
additions have been made. In some the increases have
T e x a s .— In no State have the adverse weather conditions
been as low as 2 per cen t, in others as high as 16 per cent, been so obstructive an influence as in Texas this spring.
and in a few no change at all. The net gain, a cco rd in g to The constant and excessive rains w hich set in in the late
our judgm ent, has not been less than 8 per cent. Fertilizers fall continued w ell into the spring, preventing farm ers from
have been m uch more freely used, takings o f com m ercial getting into the fields until m uch later than usual to pre­
sorts show ing a large increase. H om e-m ade m anures have pare the soil; and when the rains ceased high north winds
received about norm al attention.
dried out the ground rapidly, causing a crust to form on
M ississippi. —Essentially different con ditions prevailed in top, m aking plow ing very difficult, especially in black lauds
Mississippi this season than in the States w h ich w e have and river bottom s. U nder the circum stances the planting
already review ed. In 1900 heavy rains caused the tributary season was abnorm ally late and w ork unusually prolonged,
rivers to rise m aterially and some bottom lands were inun­ the planting not being com pleted generally until after the
dated, but u p to this year there has been no overflow o f the middle o f May. L ittle or no rain fell anywhere during
Mississippi since the m em orable and extensive flood, o f 1897. April, and the tem perature was appreciably below the n or­
This year excessive rains in the upper Mississippi V alley mal for the season, culm inating in a killing frost in northern
w h ich began in February and continued w ell into March, sections A pril 30— May 1. Early-planted seed came up poorly
brou ght the river to a very high stage, and the levees were as a rule, some failed to com e up at all, and part o f that
unable to withstand the pressure. A s a result o f crevasses w hich had already germinated was killed by the frost. Seed
about mid-M arch a considerable area in the Y azoo Delta from planted during May, however, cam e up well, favorable ger­
G reenville south was inundated and w ork in the low lands m ination follow in g a turn to better weather conditions.
was fo r a time com pletely suspended. B ut the overflow was Replanting was required on an extensive scale in m any
May w eather conditions, both as regards pre­
not so prolonged as in 1897 nor so extensive, the water sections.
having run off before the first o f May. A t the same tim e cipitation and temperature, have as a rule, been such as
W e hear few
farm operations, already delayed by the cold, backw ard to foster a healthy grow th o f the plant.
spring, w ere further hindered. Seeding, therefore, w h ich reports o f a contrary description and th e y . have m ainly
It is o f course
began in some sections A pril 1, was not com pleted an til to do w ith low tem perature at times.
about May 20. Since the beginning o f A pril and dow n to too early in the season to predicate w hat the u lti­
May 6 not on ly was the temperature unseasonably low , but mate result in Texas will be this year. But the present
there was a decided deficiency o f rainfall. This m ilitated situation seems to be satisfactory enough to warrant an tici­
greatly against germ ination o f early plantings and rendered pations o f a fu ll yield w ith norm al weather from now on.

J une 6, 1903.]

THE CHRONICLE

Certainly the early rains, though delaying farm w ork, pro­
vided a bountiful supply o f moisture in the ground which
should inure greatly to the benefit o f the plant later on.
Stands.—Latest-planted cotton has not had sufficient time
to com e to a stand. W ith this exception our reports indi­
cate that at this date stands range from fair to very good,
averaging good, and fields now are quite well cultivated.
Acreage.—W e have rarely ever had to deal with such
radical changes in area as in the current season in this
State. They range from a decrease o f 30 per cent to an in­
crease o f 35 per cent. The losses reported are o f course in
districts that suffered last season from the ravages o f the
boll w eevil; the heaviest gains are in sections where new
land is being brought under cu ltivation . The additions,
moreover, appear to be sufficient to offset the declines and
leave a net excess in acreage over 1902 o f say 7 per cent.
Fertilizers play a very unim portant part in the agriculture
o f Texas—they are scarcely used at all.
A r k an sas .— The planting season in Arkansas was from a
week to ten days later than a year ago. W et weather in
March delayed the preparation o f the soil, and in conse­
quence seeding did not com m ence until April 10th to 15tb3
Furthermore, the overflow o f the Mississippi River into the
St. Francis basin prevented any planting o f consequence in
those rich bottom lands until after the first o f May. A pril
proved to be a dry and cold m onth w hich interfered w ith
or entirely prevented germ ination, and frost on A pril 30 and
May 1 did some in ju ry. Altogether, therefore, p ractically all
early plantings cam e up poorly if at all and m uch replant­
ing was the consequence. On the other hand all seed put in
the ground during May germinated well and, favored by the
weather, developed nicely. The conditions throughout May
have been in sharp contrast w ith those experienced earlier
in the season. H igher tem perature and seasonable rains
have caused marked im provem ent in the plant generally,
w ith the result that stands are now fairly good alm ost every­
where. Farmers have also had little difficulty in keeping fields
clear o f weeds and grass but late rains have given foreign
vegetation a chance in som e districts. A creage.— T o the
previous year’s area a substantial addition seems to have
been made, m ost sections o f the State con tribu tin g. On the
average w e should say the gain has reached about 6 percent.
F ertilizers.—O f neither com m ercial nor hom e made manures
has there been any appreciably greater use this year than
last year. Their use is very lim ited.
T ennessee . —Planting did not begin until late in Tennes­
see, exceedingly w et and cold weather in the early spring
having delayed the preparation o f land for crops. W ork o f
putting in the seed was begun in some sections about the
m iddle of A pril, but continued low tem perature interfered
w ith operations, and it was not until a fter the m iddle of
May that the finish was reached. L ack o f m oisture during
A pril and the first few days o f May, w ith the co o l weather,
retarded germination at first, but since about May 5th needed
rains and higher range o f tem perature have brought seed up
well. Much replanting has been necessary in sections where
sow ing was done earliest, but virtually none at all in
late districts. As in m ost all sections o f the South, the May
weather conditions have favored a satisfactory developm ent
o f the plant. Stanas, therefore, at this w riting are reported
to be good generally, although not as forw ard as in an aver­
age year. Cultivation has been w ell attended to. A crea g e—
In Tennessee, as elsewhere quite generally, present high
price o f cotton and the profitable outcom e o f the 1902 03 crop
have evidently influenced farm ers in the m atter o f area.
The additions made in various districts, how ever, have not
been sufficient to do m ore than put the acreage back to about
where it was in 1901. In other words, the increase this
year has been approxim ately 6 per cent. F ertilizers—A large
increase in takings of com m ercial fertilizers is noted in some
o f our returns.
The use o f hom e-m ade sorts has been
slightly increased.
I ndian T er r itory . — Although plantingi began in a few
districts o f the Territory the first o f A pril, it did not be­
com e active until near the close o f the m onth, and was
com pleted about May 25. The tenor o f our returns is that
farm work was delayed by the unfavorable conditions w hich
prevailed all through the early spring, cold and wet weather
being generally com plained of. Early-planted seed cam e up
poorly as a rule, and m uch cotton that was up suffered from
the frost o f A pril 30, entailing an unusual am ount o f re­

1225

planting. Late plantings germ inated well in the m ain, and
the crop on the whole “has made good progress in devel­
opm ent under the influence o f the satisfactory weather ex­
perienced since the 5th o f May. Stands now average good,
and reports as to the condition o f the fields denote that they
were clear o f weeds and grass up to near the close o f May.
During the last few days, how ever, heavy rains have pre­
vented cu ltivation and some fields are b ecom in g foul. A cre­
age, as is natural in a com paratively new cou n try and with
present high prices to stim ulate production, has largely in ­
creased. W ith but one exception, all our correspondents
report gains in area ranging from 25 to 100 per cent, and
m aking due allow ance for error or unintentional exaggera­
tion, the average increase would be, say, 20 per cent.
Fertilizers are not required.
O klah o m a .— Taking the territory as a whole, the planting
season was a week to ten days later than in 1902, low tem per­
ature; and w et weather interfering w ith the preparation of
the soil and consequently w ith the putting in o f the seed.
The continuation o f unfavorable conditions throughout
A pril and the first few days o f May delayed germ ination
materially and all our returns indicate the early-planted
seed cam e up poorly. Furtherm ore frost on the first o f May
killed some o f the cotton that was up. Later plantings,
which included a considerable am ount o f replantings, h ow ­
ever, came up well. Our reports covering weather conditions
since about the 6th o f M ay are generally quite satisfac­
tory, although recen tly there have been some com plaints
o f too m uch rain.
The plant has therefore developed
nicely o f late but is less forw ard than in an average
season. Stands.—N otw ithstanding the adverse early influ­
ences w ith w hich the plant had to con ten d, stands now
range from fair to good, averaging fairly good, and cu ltiva­
tion has n ot been neglected. A creage has m aterially in ­
creased, additions in some districts reaching 50 and 100 per
cent. But m ore moderate gains elsewhere serve to hold
down the average increase to approxim ately 18 per cent.
Fertilizers receive no attention.
M issouri . — Planting was delayed here as elsewhere^by the
adverse weather conditions, and was on the average ten
days or tw o weeks later than last season. Seed cam e up
poorly as a rule, and m uch replanting had to be done, partly
as a result o f the frost o f M ay 1st. L ow tem perature was an
alm ost continuous unfavorable fa ctor during A pril and early
May, and the fa ct that a dry period succeeded a term o f heavy
rains, causing the soil to becom e crusty, also m ilitated against
prom pt germination. It was not until near the 10th o f May
that m ore favorable conditions led to any satisfactory devel­
opment, so that the plant is at this w riting quite behind an
average year. Stands are now , how ever, fairly good, and
fields are stated to be clean. A creage has been added to in
some districts and decreased in others. F or the cotton area
o f the State as a w hole w e deem an increase o f 5 per cent
warranted by our returns. F ertilizers rarely used on cotton.

ITEMS ABOUT BANK8, BANKERS AND TRUST CO’S
—The public sales o f bank stocks this week aggregate
304 shares, o f w h ich 245 shares were sold at the Stock E x­
change and 59 at auction. The transactions in trust com pany
stocks reach a total o f 330 shares. National Bank o f C om ­
merce stock sold as high as 330, a recovery o f 15 points from
the closing price last week. A 300-share lot o f stock o f the
Trust Co. o f the R epu blic was sold at 95, as against 85V£ in
April, when the last previous sale was made. N o dealings
in either bank or trust com pany shares have taken place in
the “ c u r b ” market.
Shares

B an k s—

New Fork.

*185 City Bank, National...............
*60 Commerce,National Bank of..
4 Corn Exchange Bank..............
5 Equitable Bank......................
50 Fourth National Bank............
T r u s t C o m p a n i e s — New

Price.

389-290
324-330
40l*a
90
225

York.

25 Equitable Trust uo.................. 750
5 Morton Trust Co........................ 1040
300 Trust Co. of the Republic................. 95

Last previous sale

May
May
Mar.
Sept
May

1903—
1903—
19031902—
1903—

290
315
425
112*4
230*4

May 1903— 755**
May 1903— 1050
Apr. 1903— 85*a

* Sold at the Stocx Exohange.
—On Monday o f this week (Jane 1) the new Clearing
House regulation adopted February 11, requiring trnst co m ­
panies clearing through its m em bers to carry a cash re­
serve o f 5 per oent, went into effect. No further w ith d raw ­
als, other than the nine institutions to w hich lw e have
already referred, have occurred.

TZZ5

THE

CUKOJNICLE.

— The Van Norden Trust Co. has lately awarded contracts
fo r the erection of its new ten-story building on the corner
o f Sixtieth St. and Fifth A ve. The w ork on the new build­
ing will com m ence at once, as it is expected to be ready for
occupancy by February 1st, next. The banking-room on
the ground floor, one of the most spacious in the city, 26 feet
in height, w ithout columns or obstructions o f any kind, will
be beautifully finished in Italian marble and mahogany.
The building is to be of steel th ro u g h o u t; the exterior for
the first tw o stories w ill be o f white marble, and the other
eight stories of terra cotta. Four graceful m onolith columns
w ith Ionic capitals and a portico w ill form an im posing en­
trance on the F ifth Ave. side,while colonnades with tw o large
monolith columns are to be .features o f the Sixtieth St. side.
The institution will install extensive safe deposit and silver
vaults underneath the bank. The safe deposit vault is to be
placed directly below the banking room , and the silver
vault immediately under the safe deposit vault.
Each
vault w ill be 42 feet long, 24 feet wide and about 9 feet
high. These vaults will be absolutely fire and burglar proof,
constructed after the most m odern and im proved pattern.
Every appointment a td facility w ill be provided for the
com fort and convenience o f patrons. The vaults w ill be
operated by the Van Norden Safe Deposit Co., a company
recently organized in connection w ith the Van Norden Trust
Co. Directors o f the safe deposit com pany: W arner M. Van
Norden, W m . F. Havemeyer, John M. Flagler, Henry F.
Shoemaker and Ottomar H . Van Norden.

[V ol . L X X V I.

The com pany has never found it necessary to use the
facilities o f the New York Clearing House and has been
undisturbed, therefore, by the changes through which many
other trust companies have recently passed.
—The suspension o f the banking house o f A . E. Ames &
Co. o f Toronto was announced on Tuesday. The firm was the
most prominent among the private bankers in that city, and
its failure is understood to have been the result of the decline
in the stock o f the Dominion Steel & Iron, Dom inion C oa^
and other securities in whioh it was interested. The firm has
always been in high repute. The notice Issued by the firm
stated that “ ow ing to the continuous severe decline in the
securities market, we have found it necessary to suspend pay­
ment, and w ould ask the indulgence o f our friends for a few
days until we can prepare a statement o f our affairs, and
decide what is best to be done.”
—The dates chosen for the oom ing meeting o f the Am erican
Bankers’ A ssociation in San Francisco are October 20, 21, 22
and 23. The office o f the Secretary, Mr. James R. Branch,
has been rem oved from 20 Broad Street to the Hanover Bank
Building.

—The Bankers’ Trust Company of this city, w hich only
began business about tw o months ago, shows what a new
com pany under energetic management can accomplish in a
brief period o f time. The deposits are now over $5,000,000.
As has been previously noted, this institution is catering
w holly to inactive and reserve accounts, doing on ly a trust
— Mr. A lvin W . K rech, Vice-President o f the M ercantile business instead o f an active banking business, w hich w ould
Trust Com pany o f this city, was elected President o f the conflict w ith the national and State banks.
Equitable Trust Company o f New Y ork on last W ednesday,
— The Merchants’ National Bank o f this city com m em or­
succeeding Mr. W . T. Cornell, resigned. Mr. James H. ates the one hundredth anniversary o f its establishment by
H yde, V ice President o f the Equitable L ife Assurance the issuance o f a book in which is given a complete history
Society, w ill succeed Mr. K rech as Vice-President o f the of the institution. The bank was founded on A pril 7 1803
Mercantile Trust Company.
and began aotive business at 25 W a ll Street on June 2 1803.
Mr. K rech became a w ell known figure in the N ew Y ork When application was made to the Legislature a year later
financial w orld by the successful reorganization o f the Union for a charter opposition was met by interests identified with
Pacific, Baltim ore & Ohio, W heeling & Lake Erie and other the Bank o f Manhattan, but the charter was finally granted.
railroads and industrial corporations w ith which he was con ­ As showing the cordial relations which now exist between
nected. H e began his association w ith the M ercantile Trust these institutions, it may be stated that in the early eighties the
Company in 1896, and was chosen Vice-President three years two join tly erected an office building on W all Street, where
later. Besides these connections, Mr. K rech is prom inently both are now located. The Merchants’ National paid its first
known as a director in the Commercial Trust Company of dividend (3 per cent) in Novem ber, 1803. Continuous divi­
Philadelphia, the new Union Exchange Bank o f New York, dends have since been paid, the total thus disbursed in the
the A nn A rbor Railroad and numerous industrial corpora­ one hundred years amounting to $14,765,163. The book has
tions.
been com piled by Mr. Philip G. Hubert Jr. W e may state
The Equitable Trust Company, w hich is closely affiliated here that the bank was the third to be organized in this
w ith the Equitable L ife Assurance Society, is rapidly ad­ city. Its first President was Mr. Oliver W olcott, who, w ith
vancing to be one o f the largest and strongest corporations Richard Varick, Peter Jay M unro, Joshua Sands, W illiam
o f its kind in the United States. The com pany’s board of W . W oolsey, John Hone, John Kane, Isaac Bronson, James
trustees represents nearly every large interest identified with Roosevelt, R obert G ilchrist, W yant Van Zant Jr., John
great enterprises in all sections o f the country. A m on g Swartwout, Henry I. W yckoff and Isaac Hicks made up the
them are W illiam H. Crocker, President o f the Crocker- first board o f directors. The present officers o f the bank
W oolw orth National Bank o f San F ra n cis co ; Edward M. a r e : Mr. R obert M. Gallaway, P residen t; E. A . BrinckerHouse of Austin, T ex a s; H. H . Porter Jr., o f Chicago; hoff, V ice-P residen t; W illiam B. T. Keyser, Cashier, and
H. C. F rick o f P ittsb u rg h ; David H. Moffat, President of Samuel S. Campbell, Assistant Cashier.
the First National Bank o f Denver; S. M. Inman o f Atlanta,
—The directors o f the Guardian Trust Company of this
G a.; Charles Francis Adam s, 2nd, o f Boston, and W . B.
city, at a meeting last week, elected Mr. R. Ross AppleRankin, o f the Niagara Falls P ow er Company.
ton, Mr. George W . Fairchild and Mr. R. H. Rountree ViceThe transportation systems are connected through E. H.
Presidents. The tw o first-named gentlemen were re-elected.
Harriman, President of the Union Pacific system; W. H.
Mr. R ountree was appointed to succeed Mr. Ernest C. Brown.
Baldwin Jr., President o f the L ong Island; John M. Hall,
The office o f General Counsel, which had been filled by Mr.
President of the New Y ork New Haven & H artford; L. F.
David B. K ing, was declared vacant.
As has been stated in
Loree, President of the Baltimore & Ohio; Sir W illiam C.
a previous issue, Mr. Brown, together with several of the
Van Horne, Chairman o f the Canadian Pacific; Senator D e­
other directors, had been seeking to enforce the resignation
pew of the New Y ork Central and T. De W itt Cuyler o f
o f President Bird S. Coler; the present action o f the directors
the Pennsylvania.
however, would seem to indicate a full indorsement o f Mr.
Behind this trust com pany are the interests o f the E quit­
Color’s policy. Mr. Appleton is President o f the Fourteenth
able L ife Assurance Society and, through Senator Dryden,
Street Bank.
the Prudential Insurance Company. Clarence H. Machay,
—The annual stockholders’ meeting o f the Maiden Lane
of the Postal Telegraph and Commercial Cable, is also largely
interested, and Kuhn, Loeb & Company are represented by Safe Deposit Co. was held on June 2, The follow in g officials
Otto H. Kahn. There are also President Snyder of The were elected : Bird S. Coler, President-; A ugust OppenW estern National Bank and President Dom ing o f the M er­ heimer, Vice-President; C. G. A lford , Second Vioe-President;
W . F. Carlton, Third Vice-President; M aurice Maas, Secrecantile Trust Company, and others.
Upon com paring the present statement o f the com pany, Of retary and Treasurer, and Nathan B ijur, Counsel. The d i­
w hich Mr. K rech is now President, with the statement of rectors chosen are : C. G. A lford, Milton P. Bagg, W . F.
Decem ber 31 1902, it w ill be seen that the deposits have in ­ Carlton, Bird S. Coler, George E Fahys, W . M. K. Olcott,
creased from $13,615,017 32 to $21,843,222 06, and since that August Oppenheimer, A . K. Sloan, Leopold Stern, A lvin L.
time its capital has been increased from $1,010,000 to Strasbnrger, David C. Townsend, Louis W indm uller and
$3,0300,CO with surplus and undivided profits o f $8,857,000. Joeeph H, W ard.
,

J une 6, 1903.]

THE CHRONICLE.

1227

—The Riverside Bank corner Eighth Avenne and 57th 8t.
— Mr. G eorge L. Stephenson has been chosen Secretary
shows a substantial grow th in deposits. The institution had and Treasurer of the Guardian Trust Company o f Pittsburgh.
$1,049,901 deposits on Deo. 4 1902, $1,118,176 on Feb. 20 1903,
—The stockholders o f the Guarantee Title & Trust C om ­
and at the date of the lastcall May 28 $1,228,119 was reached. pany o f Pittsburgh, who in A pril voted to increase the cap­
The bank has continued to grow in strength and size under ital from $250,000 to $750,000, have approved o f a still fu r ­
President Chas. N. Taintor’s management, he having suc­ ther addition, making the authorized capital $1,000,CO . The
O
ceeded Henry O. Copeland, who resigned last January. Mr. oompany this week concluded negotiations by which it has
John J. Clancy is Vice-President and Henry H . B izallion acquired the Moreland Trust Co. o f Pittsburgh. There has
Cashier.
been an interchange o f stock, all the shares o f the Moreland
—The Commonwealth Trust Company is the name finally having been taken by the Guarantee Title & Trust, which
decided udou for the Trust Company organized recently in latter has paid fo r the same in its (Guarantee’s) own stock.
Buffalo, N. Y . As previously mentioned in these columns, The entire board o f the Moreland has been added to the
the original intention was to call it the Great Lakes Trust Guarantee’s directorate, while Mr. Joseph H. Frost and A l­
Co., but this name did not meet with the approval o f all the exander Dunbar, w ho still remain as officials in the More­
interested parties.
land, have becom e, respectively, Assistant Treasurer and
The new institution will open for business next week in Assistant Secretary o f the Guarantee. The latter has re­
the handsome offices provided in the Erie County Savings moved its trust department to 210 Fourth A ve., the home of
Bank building; the capital is $500,000 and surplus $500,000, the M oreland Trust. W ith the Guarantee T itle & Trust, the
all paid in. The stockholders and directors are among the Iron City National, the H om ewood People’s Bank and the
leading people o f Buffalo. The North Am erican and K nicker­ Moreland Trust so closely affiliated, an important ohain o f
bocker trust companies o f this city are represented on the banking interests is established.
board. Mr. E. O. McNair, a well-known banker o f Buffalo
—The newly organized Real Estate Savings & Trust C om ­
is President; Spencer K ellogg, 1st Vice-President; J. F. pany, o f Allegheny, Pa., opened for business on W ednesday
Schoellkopf Jr,, 2nd Vice-President; and W . E. Danforth, o f this week, at 522 Federal Street.
A s has been stated in
Secretary.
previous items, the institution took over the Allegheny Real
—The organization o f the Rochester (N. Y.) Stock E x­ Estate Company and the Allegheny Real Estate Improvem ent
change was perfected on Thursday o f last week by the sign Company.
Interest at 2 per cent is paid on check accounts
ing o f the constitution and by-laws and by the eleotion o f the and at 4 per cent on savings accounts.
follow ing officers: J. A . Burgess, President; W . E, Moore,
—The officials o f the First National Bank of W ilkinsburg,
Vice-President; H. D. Quinby, Treasurer, and A . B. Enos,
Pa., have organized the W ilkinsburg Real Estate & Trust
Secretary. The G overning Board consists o f the President
Company. The new institution has been capitalized at $500,and Treasurer, ex-officio, and C. S. Lunt, A. M. M acDow ell
000. Mr. A . W . Duff is its President, T. D . Turner and
and A . B. Eoos. The sale of securities, it is stated, will be
Jacob W einm an, Vice-Presidents, and P. J. Pierce, Treasurer.
conducted in the same manner as on the N ew Y ork Stock
—The opening o f the Union National Bank o f Braddock,
Exohange.
Pa., occurred on M onday, the 1st inst. The bank has a capi­
—A ccordin g to local reports control o f the Mt. Vernon
National Bank of Boston is being sought by outside interests. tal o f $200,000 and surplus o f $50,000. Mr. James H. M c­
The figure at which the offer is said to have been made is Curdy is President; Charles Zugsm ith, Vice-President, and
$100 per share—the par value.
The bank’s semi-annual A. A . M cKinney, Cashier.
dividend of 2 per cent was passed in A pril fo r the first time
— On Monday o f this week the Cleveland Stock Exchange
since 1860, in order that $33,000 due on doubtful paper m ight moved in to its new quarters on the second floor o f the
Trading was not suspended, but
be charged off. The bank has deposits o f nearly a million W illiam son Building.
dollars.
visitors were allowed the freedom o f the floor.
—Mr. A . E. A ppleyard of Boston, said to be acting on be­
— A large block o f stock o f the Citizens’ Savings Bank o f
half o f a New Y ork syndicate o f retired capitalists, has, it is Columbus, Ohio, w hich had been held by ou t-of-tow n par­
stated, purchased a sufficient num ber o f shares o f the First ties has becom e the property o f a num ber o f the forem ost
National Bank o f Boston to secure a controlling interest. In business men in Columbus. N o change has yet been made
a circular issued by Adams & Co. o f Boston the m inority in the bank’s management, w hicn is under the direction of
holders are offered the same price ($225 per share) paid by Gen. John Beatty as President, A . D. Rodgers, Vice-Presi­
the new interests. Earlier in the week it had been announced dent, and F. R . Shinn, Cashier.
that F. S. Moseley & Co., representing the President and di­
—A t the annual election o f the Chicago Stock E xchange on
rectors of the bank, who were aware o f the efforts being
Tuesday o f this week, Granger Far well was elected President
made by outsiders to gain control, had sent the stockholders
and John J. M itchell, Treasurer. The Governing Committee
a letter offering to purchase their stock at $210 per share.
will consist o f Henry C. Hackney, R . H. Donnelley, R. A .
The bank has a capital of $1,000,000 in shares o f $100 each.
Peters, Sidney M itchell, J. J. Townsend and J. F inley Bar­
—The intended change from $50 to $100 in the par]value of
ren. Monday was the twenty-first anniversary o f the foun­
the shares of the National Bank o f Northern Liberties o f
dation o f the Exchange.
Philadelphia has been made and the new certificates listed.
—The savings deposits in tw enty Chicago banks show the
The capital continues at $500,000.
—A branch of the Colonial Trust Company o f Philadelphia remarkable record o f 29 per cent increase during the last
year. On May 12 1902 the total amount was in round num­
will be opened at 1421 Chestnut Street.
bers $78,000,000, whereas, according to the statements just
— The final payment on the new stock o f the Monongahela
published (May 21 1903), the grand total exoeeds $100,000,National Bank of Pittsburgh] authorized by the stockholders
000. In 1890 the savings deposits in Chicago were only
last December was made on Monday. This increases the
$12,353,000, an amount w hich was nearly doubled by the in­
capital from $500,000 to $1,000,000, and the surplus from
crease o f the past year.
$500,000 to $1,500,000, the shares having been sold at $300
—The recent death o f Henry V. Lester dissolved the Chi­
each.
cago stock brokerage firm o f Lester, Kneeland & Company,
—The Home Trust Company of Pittsburgh, which is still in
a form ative state, has concluded negotiations for the pur­ and a reorganization has been effected under the style o f
chase o f the Pittsburgh National Bank o f Commerce B uild­ Kneeland, Clement & Curtis, w ith L. D. Kneeland, Allan
ing, at W ood Street and Sixth Avenue. The consideration M. Clement and John F . L. Curtis as partners. The firm
is understood to have been $662,000. The company will o c ­ bolds memberships in the N ew Y ork Stock and Coffee E x­
cupy the first floor, opening for business the latter part o f the changes, the C hicago Board o f Trade and Stock Exchange.
month. Its $500,000 capital is divided into $100 shares, which
were disposed of at $125 each.
—The Industrial Natioual Bank o f Pittsburgh has pur­
chased property at 330 Fourth Avenue, adjoining the Union
Trust Company’s quarters. A new structure w ill be erected
on the site, the bank, which is to open in a few days, m aking
its headquarters in the meantime at 241 Fourth Avenue.

—Messrs. Bartlett, Frazier & Company o f Chicago now
clear all their ow n trades on the N ew Y ork Stock Exchange.
—The Manufacturers’ Bank o f Chicago, with a capital of
$200,000, has been authorized by the Illinois State Auditor.
The institution is a reorganization o f the private bank pro­
jected by Edwin F. Brown, Law rence C. W oodw ard and Jay

1228

THE CHRONICLE

— Eversz, Follansbee & Co., the new Chicago banking and
bond firm, have removed their offices from tbe fourth floor of
the Rookery to No. 220 La Salle Street, the quarters just v a ­
cated by H. C. W righ t & Co.
—The stockholders of the Mi?souri Trust Company o f St.
Louis have increased the number o f directors from twentyone to twenty-five, the four new members being ex-G overnor
o f Missouri L, V . Stephens, W . A. J. Sparks, P. M. Johnston
and A. P. Ghio.
—The United States Trust Company o f Louisville, K y.,
has m oved into its new buildiDg at F ifth and Main streets.
The company has been in operation about a year. Its name
was originally the National Trust Company, the change in
title having but recently been made. Justifiable pride is
taken by the officials in the new banking quarters, w hich have
been admirably fitted up. The furnishings o f the interior
are o f Sienna marble and solid mahogany. Considerable
interest centers in the principal vault, w hich was made at
Bethlehem, Pa., and is constructed o f arm or plate, the
material used for coating battle ships.
The door alone
weighs 37,C O pounds, but it is stated that so perfect is its
O
poise that it may be opened and closed with the strength of
a man’s little finger. Aside from this vault, the company
has tw o others, located in the basement o f the building.
Col. Joshua D. Powers is the President and Mr. B. B. Veech
the Vice-President.
—A controlling interest in tw o Staunton, V a., banks, the
Augusta National (capital $100,000) and the F arm eis’ &
Merchants’ Bank (capital $30,000) has passed to a num ber of
prominent R ichm ond bankers. Mr. W illiam M. H abliston,
President o f the National Bank o f Virginia, o f R ichm ond;
T. C. W illiam s Jr., R. S. Bosher and F. E, N olting are
among those interested.
—The Atlantic National Bank o f Jacksonville, Fla., but
recently form ed, has arranged to take over the National
Bank o f the State of Florida, also o f Jacksonville.
The
merger w ill be consummated about July 1, at which time
the A tlantic National expects to be in shape for business,
making its quarters in the rooms to be vacated by the bank
w hich it w ill absorb. The capital o f the latter is $100,OfO.
The Atlantic has been organized with a capital o f $850,000.
—The National Bank o f Commerce, o f F ort W orth , Texas,
elected its initial officers last week. M r.Robert E. M addox has
been chosen President and Mr. J, L. Edm ondson, Cashier.
The bank, which is not quite ready for business, w ill locate
at Main and Fourteenth streets.
—The directors of the Canal Bank o f N ew Orleans in elect­
ing Mr. Edward Toby President o f their institution, to suc­
ceed Mr. J. C. Morris, resigned, recognized the part played
by him in the bank’s progress during his tw enty years con ­
nection with it. Mr. T oby entered the bank as Cashier in
1883, becom ing Vice-President in 1895, in w hich position he
continued until he assumed the presidency on the 1st inst.
Mr. Morris’s intention to retire was known some months ago,
his health not being particularly robust. Mr. Charles J a n ­
vier has been chosen Vice-President and Mr. E. H. Keep Jr.
has been appointed Assistant Cashier. Mr. Edgar Nott con­
tinues as Cashier.
—Mr. John H. K irby, who so successfully conducted the
affairs of the reorganized First National Bank o f Austin,
Texas, has retired as President, his successor being Mr. J. L.
Hume, form erly First Vice-President. The latter, w ith Geo.
T. and George L, Hume, has purchased from Mr. K irb y
sufficient stock to give them a controlling interest. Mr. A .
S. V andervoort, Cashier o f the bank, has also retired, his
place being taken by Mr. G eorge L. Hume. Mr. W . B.
W ortham , heretofore Second Vice-President, has been ap­
pointed First Vice-President. The bank suspended A ugust
4 1901 and was reopened several months later—January 2
1902. The indebtedness to the State, amounting to $398,000,
held by the bank at the time o f the suspension, was entirely
discharged in July 1902,
—The Kansas Bankers’ Association at its recent annual
meeting in Topeka had among its list o f speakers Mrs. Ella
Demoret, Cashier of the State Bank o f Pretty Prairie,
Kansas, w ho delivered an address on “ The W om an Banker.”
An extended programme had been outlined for the tw o days’
meeting, which occurred on the 27th and 28th ult. Some
opposition arose over a resolution offered by C. C. K. Sco-

[VOL. L X X V I,

ville, President o f the Citizens’ State Bank o f Seueca, to the
effect that the association endorse a draft o f a bill authoriz­
ing the iesuance o f emergency currency. The discussion
finally resulted in the carriage o f a resolution in favor of an
emergency currency issued without discrimination against
the banks o f the country and made as safe as the national
banking system. Mr. Thornton Cooke, Assistant Treasurer
of the Fidelity Trust Company o f Kansas City, M o., was
prominent on the programme, his topic being “ Trust C om ­
panies and Banks.” Mr. M. A . W aterman, Cashier of the
Citizens’ State Savings Bank o f Kansas City, Kansas, was
also present with an address on H ow to Compete w ith the
Post Office aud Express Companies fo r the Money Order
Business.” A banquet at w hich the follow in g officers were
elected brought the session to a close: President, Mr. G . W .
M cKnight. President o f the First National Bank o f Junction
City; V ice President, J. B. Adams, Cashier o f the Citizens’
State Bank o f Eldorado; Secretary (re-elected), C. L K . Brokaw, Cashier o f the C om m ercial National Bank o f Kansas
City, and Treasurer (re-elected), J. N. M cDonald, President
o f the First National Bank o f Chanute.
—T w o vacancies in the board o f the C rocker-W oolw orth
National Bank o f San Francisco have been filled by the
election as directors o f Mr. James H. Hyde, President of the
Equitable Life Assurance Society o f N ew Y ork, and Mr. A .
F. Morrison.
— A tth ean nu al m eeting o f the stockholders o f the Dominion
Bank of Toronto, Canada, on May 27, by laws were passed
changing the date o f future annual meetings to the last
W ednesday in January. An increase in the capital stock to
the extent o f $1,000,000 was also authorized.
— The eighty-fifth annual meeting o f the Bank o f Montreal
was held in Montreal on Monday the 1st inst. A report of
the proceedings w ill be found on page 1231 o f this issue. The
Bank has enjoyed a very prosperous year, and now reports
assets o f $125,548,110, as against $114,670,653, tw elve months
ago. The profits for the year were $1,813,486, which with
the balance o f $165,856 from last year and the premium
o f $965,468 on the new stock issued, sw elled the credit side o f
the profit and loss account to $2,944,807. T w o dividends of
five per cent each absorbed $1,220,000, and $1,000,000 was
crdited to rest account, leaving a balance o f $724,807 carried
forward.
The Bank o f Montreal has recently purchased the E x­
change Bank o f Y arm outh, N ova Scotia, and w ill operate it
as a branch. This makes the ninth branch in the lower
provinces, the others being at Chatham, Fredericton, M onc­
ton, and St. John, N. B .; and Amherst, Glace Bay, H alifax
and Sydney, N. S. Messrs. R. Y . Hebden and J. M. Greata
are the New York representatives, at 59 and 61 W all S tr e e t.

Canadian B ank C learin gs —The Clearings o f the Can­
adian Banks for the m onth o f May. 1903, show a de
crease from the same m onth o f 1902 o f 0 7 per cent. For
the five months o f 1903 there is a gain over the like period
o f 1902 o f 4-5 per cent.
F iv e M on th s.

Mag.
C learings a t —

Montreal..........
Toronto...........
Winnipeg.........
Halifax.............
Ottawa.............
Quebec............
Vancouver.......
Hamilton.........
St. John.........
Victoria...........
Total Canada.

1803.

1002.

s

I n . or
D e c.

1902.

1903.

$

8

In . or

Dec.

$

439,342,890 -&4
336,590,132
62,249,995 i n
37,534,080 -3 5
37,423,619
25,350,175
19,098,560
18,395,960
15,472,136 +14-0
11.492,551 -2'8

99,002,722 101,028.965 -2-0 440.919,382
66,912,216 74,602,661 —10 4 342.306,061
20,689,978 13,912,219 +4’9 86,680,697
36,224,244
7.830,175 -2 9
7,605,084
8,390,120 +0-3 40,572,128
8,414,252
5,826,799 +12-3 29,449,507
6,543,564
6,155,347
5,056,998 +20 23,053,780
3,840,179 +9'8 20,179,211
4,215,872
3,229,971 +24-1 17,638,560
4,009,876
2,725,430 -13-3 11,172,755
2,362,789
224.911,705 226,503,511 -0 7 1,048,155,325 1,002,950,098 -H'5

The clearings for the week ending May 30 make a favorable
exhibit, the increase in the aggregate ever 1902 having been
6 7 per cent.___________________________________________ ______
W e e k en d in g
C learings a t —

Montreal..................
Toronto....................
Winnipeg................
Halifax....................
Ottawa.....................
Quebec....................
Vancouver...............
Hamilton.................
St. John...................
Victoria...................
London....................
Total Canada........

1903.

1902.

x<ui 30.

I n c . or
D ec.

1901.

1P
00.

8
*
$
23,515,298 22,527,701 +4-4 14,862,098
11,126,633
18,000,000 17,808,164 +T1
1,470,816
4,112,773
2,743,856 +49-9
1,499,116
1,585,732
1,618,990 -2 0
1,567,375
2-0
1,537,010 —
1,279,881
1,562,583
1,252.390 +24-8
1,079,761
766,189
758,111 +42-6
715.542
820,605
600,000 +36-8
615,183
773 894
698,954 +10-7
724,671
816.218
417.594 -24-2
608,676 Not include d In to tal.

S
13,053,584
9,530,282
2,301,864
1.303,653

53.334,239

28,899,633

49,962,772

+6-7

33,060,129

857,992
713,291
630,880
508,147

J0N E 6,

THE CHRONICLE.

1908.]

C le a rin g s by T e le g ra p h .— S a les o f S to c k s , B o n d s, & c.—
The subjoined table, cov erin g clearings fo r the cu rren t w eek,
asnally appears on the first page o f the C h r o n ic le , but od ac­
count o f the length o f the other tables is crow d ed out once a
m onth. The figures are received b y telegraph from rhe lead­
ing cities. It w ill be observed that as com pared with the
corresponding w eek o f 1902 there is an increase in the
aggregate o f 13 4 per cen t. So far as the individual cities are
concerned N ew York exhibits a gain o f 18-7 per cen t, Boston
13'9 per cent. Philadelphia H*8 per cent, B altim ore 2 2 per
cent and C hicago 10*9 p ercen t. St. L ouis records a loss o f
8’0 per cent and N ew Orleans 7*1 per cent.
O U arin as—itetums by T elegra p h .
W eek E n d in g J u n e 0.

1903.

Raw fork..........................................
Pailadelphla......................................
8t. Louis............................................
M Orleans......................................
aw
ithtr cities, 6 days............................
Total all cities, 6 days..................
All cities, Xday..................................
Total all oltlea for week..............

1903.

$1,218,074,119
128.T72.673
112.794.551
23.0*9,858
151,988,053
46,948.766
3,121.710
$1,088,680,830
301,498,93*
$1,990,1:9,262
804,287,461
$2,884,466,718

$1,026,221,435
118,001,844
101,309,892
22.540,496
186.919.861
49 958,930
8.748.410
$1,468,843,358
200.411,217
$1,749>59,675
852,598.349
$2,101,865,9*4

P .O e n t

4-18-7
+13-0
+11-3
+2-8
+10-9
-8-0
-7-1
+158
4 8*8
+ 13-8
+11-8
+18-4

Our usual m on th ly detailed statem ent o f transactions on
the various N ew Y ork Exchanges is appended. The results
fo r the five m onths o f 1903 and 1902 are g iv en below .
1908.

F iv e M o n th s,
D e s c r ip t io n .

P a r V a lu e
o r Q u a n t it y

A ctu a l
V a lu e .

F iv e M o n th s,

1902.

Actual

A v e r ’ge P a r V a lu e
P r i c e . o r Q u a n tity

A v e r ’oi
P ric e.

V a lu e.

79,823,671
60,779,192
Stock |Yal*" 18302,539,676 4,978,683,618 78-9 7632,439.876 6,878,839,457 780
RB. bonds.. *288,746,900 *260,671,068 91-0 1416,262,8110 *323,833.087
*416,700
$617,750
*741,264 114-4
*463,936
Goy’t bonds
*516 973 42-1
$1,823,500
*818,600
*105,531 38-1
State bonds
$365,400 *1,676,355 431-4
$235,660
$759,446 821-9
Bankstooks
Total— *6587,488,775 6,235,961,467 79-8 7950,711,775 6,202,783,387 78-0
Grain, besh. *07,062,800 160,446,548 72 11-16 296,847,660 231,929,135 1814c.
8,434,682,522

5,386,408,015

Total valjae.

The volu m e o f transactions in share properties on the New
York Stock E xch an ge each m on th since January 1 in 1908
a n d 1902 is in d icated in the fo llo w in g :
SA LE S O F STOCKS A T N E W Y O R K STOCK E X C H A N G E .

1903.
M o n th .

1902,

V a lu e s .

N u m b er
i f S hares.

P a r.

A c t u a l.

N u m ber
o f S h ares.

V a lu es.

Actual.

P ar.

$
$
$
$
1 an... 46,001.222 1,615,264,950 1,204,663,210 14,779,223 1,380,108,600 1,039,582,016
Feb.,.. 10,922,017 1,045,847,226 885,008,764 12.936,943 1,227,630,050 1,010.947,208
March. 15,095,306 1,424,484,400 1.182,487,694 11,967,409 1,143,409,750 876,941,208
lstqr. 42,018,546 3,985,698,576 3.172,154,677 39,723,576 3,767,048,400 2,927,470,432
April... 12,293,058 1,150,635,100 900,041,217 26,607,748 2,520,078,476 1.908,940,211
May.... 12.467,688 1.166,807,900 901,487,624 13.632 353 1,266.813.000 048,922,814

The fo llo w in g com p ilation cov ers the clearin gs b y m onths
sin ce Jan. 1,
M O N T H L Y C L E A R IN G S .
C le a r in g s ,T o ta l A l l .

C lea rin g s O u ts id e N e w Y o r k .

M o n th .

1903.

1902.

P.Ct.

1903.

1902.

S
*
$
$
January. .. 11,088,982,021 10,659,488,839 +4-0 3,902,881,658 3,730,020,128
8,468,707,464 8,359,075.922 +1-8 3.237,496,453 3,010,106.946
February
March..... 9,582,278,076 8,882,079,662 +7-0 8,578,067,741 8,375,754,157
1st quar.. 29,189,067,601 27,001,244,413 +4-4 10,708,425,752 10,115,880,231
April........ 9,581,808,829 10,926,088.598 -l*-3 3,087,507,856 3,573,441.010
May........... 0,118.534,323 10,330,241,376 -18'2 8,643,005,187 3,580.528,137
B A N K C L E A R IN G S A T L E A D IN G C IT IE S IN M A Y .

P.Ot
+4'6
+7-2
+0-0
+5-0
+1-8
—10

------- M a y . -----Ja
9 3 9 2 9 1 9 ol .-----3 ;n.91 to M a 1 1 0 .
(0 0 0 * 1 0 . 1 0 . 1 0 . 1 0 1 0 . 1 0 . ' 1 0y .319 0
0 ,0 0
9
2 9 .----omitted.)
* 6 9 6 992 9
*4 3 .8 42 .6 0
9
9
Stew Y ork... 5 7
,52 ,82 ,3 5 45 93 ,9 43 ,9 4 7*7 2$4
7
7 5 79 7 6 ,4 7 1 9 3 3 3 9 2 1
3 1 0
9 34 1
,5 1 ,5
Chicago.......
,8 6
8
5 8 5 4 5 0 5 7 2 7 2 56 3,0 3 2 2
3 5 6 6 4 1 ,8 0 ,9 3 ,1 8 ,6 8
Boston.........
5
0
9 ,4 0 ,4 6 ,2 5 ,9 7
Philadelphia
54 2 6 2 2 3 9 2 6 2 4 2 4 1 5
0. 5
1 3
1 10 1 2
2
1
4 ,0 7 9
Bt. Louis_
_
8
0
7 7
8
2 5 1 8 10 1 9 1 3 18 7 99 6 4
1 1 2 1 8 4 ,0 3 ,08 8 9 6 4
90
Pittsburg.. .
19 1
1
9 60 59 42 38
0 2
3
9 6
Ban Fran’oo.
9
5 8
9
9 8
7 6 49 3
6 8
Cincinnati...
1
3
2
9 17 1 9 9 4 0 4 3 4 5 4 8
4 04 0
6 8 48 57 36
Baltimore...
9
2 6
8
2
8
2 6 4 8 34 35 28
4 .1 9
Kansas C .
ity 6
5
8
2 6
2 4 37 22 2 0 25
6 6
6 3
9 8
2
Cleveland...
6 4
6
0 5
8 3 37 20 22 23
New Orleans
8 1
9
6 2
2 4
2 4 29 28 24 26
4 6
5
5 5
Minneapolis.
0
0
5
4
4 4
3 3 2 0 2 0 19 18
6 3
4
3 4
9
8
Louisville...
2 4
4
4 3
3 3 21 1 20 7
5 1
4
Detroit........
2
0
0 2
3
0 2
7 2 1 4 24 1 9 1 5
5 5 14 2 1
Milwaukee..
0 14 2
9 2
9 2 5
2
8
7
4 15
Providence..
5
3
3
3 3
1 2
8 2 13 1 0 3 1 7
7 60 5
Omaha........
4 2
6 2
2
8 2
8 2 11 1 0 11 15
3 1
2
3 19 1
1
0
Buffalo........
1 2
2
5 2
3 2
2 2
Bt. Paul......
1 0
9
7
6 1 1 3 1 2 1D 6
2 1
4 2
5
Indianapolis
20 2
8
0
7 9
0
2
1
8 17 1 1 6 1 5 7
1
5
D enver____
8 9
2 9
4 9
7 1
Rlohmond..
8
2
1
8 1
4 8
4 9
2 8
5 7
1
6 1
5 1 1
2
_
6 60
Memphis_
0 8
4 7
1 6
1
6 1
4 1
0 1
Seattle........
0 7
8 6
6
5 48 42
Hartford_
_
2 1
1
2 1
2 1
0 5
0 57 5
5
8. Lake City
1 1
2 4 1 1
5
1 4
0 69 7
7
0
0 6
Total ......... 8 9 9 8 1 ,4 3 7 0 4 ,6 74 .2 95 ,1 73 ,9 5
,6 4 ,9 2 2 7 ,0 6 5 0 7 2 2 9 4 2
Other oities..
45 44 33 27 2 3 1 8 1 7 1 1
2
0
4 9 ,2 3 ,9 5 ,6 6 ,5 0
Total all... 9 1 1 ,3 61 ,8 6 7 0 ■ 7 4 4 ,2 41 3 7 3 ,4 5
,1 9 0 8 2 1 ,3 3
0
3
Outside N.Y. 3 4 3 8 3 9 2 2 :1 ,8 9:1 ,2 01 ,9 91 ,7 5
,5 4 ,5 0 ,4 1 ,8 6 4 ,88 9 1 5 ,8 3 6 9
.7 7 7 5 9 3

1229

ffcXouctnr ijl C o m m c ixhi t£ u c li sltTl cuj«
*
lF oar ow corresp d t.!
rom
n
on en
L ondon , Saturday, May 23, 1903.
Business has continued stagnant throu ghou t the week, On
M onday and Tuesday, indeed, markets were distinctly flat
Especially there was heavy selling o f South A frica n m ining
shares, w hich led to a sharp further drop. On W ednesday,
how ever, there was a recovery w hich has since been m ain­
tained. B at though all departments are better, and there is
a more hopeful feeling, business continues extrem ely scarce.
The condition o f the Balkan Peninsula and o f M orocco
continues exceedingly bad, and no d ou bt has an effect in
deterring new enterprise. But it w ould be easy to exagger­
ate the effect, fo r everyw here throughout Europe it is be­
lieved that the danger is now passed. R igh tly or w rongly,
on the Continent the opinion is strongly held that the M ace­
donian Com m ittees, having failed to bring about a general
insurrection in A pril, w ill find it physically im possible to
continue tbe conflict m uch longer, the T arks now having an
overw helm ing force in Europe, and the pressure put upon
Bulgaria by both Russia and A ustria-H ungary having proved
effective. That trouble w ill continue fo r a long tim e, ev ery ­
body is prepared to find. But n obody now seriously fears
that there will be any disturbance o f the peace o f Europe.
The real causes o f the unw illingness o f the public to invest
are different. In the first place, here at hom e m oney con ­
tinues very scarce. It is true that the outside m arket during
the w eek ended W endesday night repaid to the Bank o f
England about 17% m illions sterling. Yet there is a large
sum still due from the outside m arket to the Bank w hich the
borrowers find it necessary to continue, and evidently it w ill
be a considerable tim e yet before, the m arket gets out of
debt. Over and above this, a very large proportion o f the
new Transvaal loan has not yet been placed. Far the greater
part o f it is being oarried on borrowed m oney, and as a
considerable am ount o f consols was previously being ca r­
ried on borrow ed moDey, the banka are called upon now to
provide very large sums to carry both accounts.
Over and above this, the delay in solving the labor diffi­
culty in South A frica is wearing out the patience o f oper­
ators, w h o sold heavily last week and the beginning o f this
week, and who, it is feared, w ill begin to sell again if no
higher level o f prices is established. Those w ho are well
inform ed are aware that the labor difficulty is being g ra d u ­
ally solved. The num ber o f new native laborers obtained is
m uch larger than the month' before. Besides, the great m in­
ing magnates have sent representatives both to India and
China, where they are m aking serious inquiries. It is true
that a strong opposition is being developed to the em ploy­
ment of A siatics in South A frica . But the belief is g row in g
in South A frica as w ell as in Europe that the supply o f
native laborers is not sufficient and that therefore ultim ately
Chinese w ill have to be em ployed. W h ile the difference of
opinion is being arranged, holders o f South A frica n secu ri­
ties in Europe are losing patience, and the m arket every n ow
and then sags heavily.
In Paris markets have been very lifeless also, partly b e ­
cause o f the dissatisfaction alm ost everyw here created by
the enforcem ent o f the Associations L aw , and partly because
o f the fear o f Socialist influence.
There is an im mense
am ount of unem ployed m oney in Paris, but the owners are
unw illing to invest it at home. They are, therefore, em ploy­
ing it in London in very large amounts, both in discounting
bills and in carrying aver stocks on the Stock Exchange.
Likewise, they are investing on a large scale here in L ondon,
and on a lesser scale in Holland, B elgium and Switzerland.
In London they are buying the Transvaal loan, and they are
likewise investing in South A frica n securities. It is note­
w orthy, in spite o f the slackness o f the S tock E xchange, how
successful several recent issues have been. The extraordi­
nary rush to get the Transvaal loan need only be referred to.
Over and above that, the notes o f the U nderground E lectric
R ailw ays Com pany o f London, L td ., offered by Messrs.
Speyer Brothers, were taken very eagerly. So were the
Mexican Treasury bills offered by the same house. A nd
this week there has been a great scram ble for the Brazilian
loan brought out by the Messrs. R oths jhild. It is for 5%
m illions sterling, part o f a total o f 8 % m illions sterling, and
is secured on the harbor, port and docks o f R io de Janeiro,
and bears 5 per cent interest.
In Berlin, likewise, there has been m uch depression during
the week. M ainly, it is believed, because o f the rise in the
value o f m oney and because o f the fall in the prices o f iron
and steel. Money has risen, accordin g to the best opinion,
because the Germ an banks are em ploying such vast balances
in London and N ew Y ork that they have not retained
sufficient to m eet the requirements at home.
On Thursday the directors o f the Bank o f England made
the reduction in their rate o f discount w hich had been
looked for for so long. A s it had been put off week after w eek,
the general im pression in the City wa3 that no change w ould
be made fo r some tim e yet; that in fa ct the Bank w ould con ­
sider it necessary to increase still fu rth er its reserve. The
reduction therefore cam e rather as a surprise, and there is a
good deal o f diff erence o f opinion as to whether the directors
have acted w isely in the end. The best opinion is that the
directors w ere influenced chiefly by their desire to give relief
to trade. Trade is not actually bad, neither is it exception-

T H E

12 3 0

C H R O N IC L E

[Vol. LXXVI,

ally good, and the directors consequently were desirous of
The following shows the quantities of wheat, flour and
giving what relief may be obtained bv a reduction in the naize afloat to the United Kingdom:
rate of discount of one-half per cent. They are convinced,
This w eek.
Last w eek,
1902.
1901.
moreover, that there will be no gold shipments worth speak­ Wheat.................. q r e ...1,908,000 1,803,000
8,985.000
3,100.000
332,000
285.000
320.000
ing of. Some small amount may be shipped to Germany, Plottr, equal to q r s ... 297,000
790.000
790.000
520,000
where the value of money is distinctly rising. But it is not Maize............... ..a r e ,.. 545,000
believed that Germany is in a position to take a great deal.
B n c l l s l c F l n n n c l s l M u k c t i - P i r C a b le .
France is not disposed to take gold. It will not engage in
new enterprise at home, and it is investing very large sums
The dally dosing quotations for securities, etc,, at London
in London, by which it is decreasing materially the debt we reported by cable as follows for the week ending June 5 :
due from London to Paris. New York will not take gold,
according to present appearances. On the contrary, gold is
L O tn iO B .
Mon,
Tuts.
wed. Tkurt, Jfri.
Sat.
leaving New York, and although some small amount may go
to Argentina, it is not thought probable that so much will S ilv e r, p e r o u n o e . „ . . . d . 2 4 *
2 4 9 le
24*7
24*
2 4 6 ,8
917,e
91*
91*
X91&16
go as to affeot the money market here. Upon the whole, V o n s o l s . , n e w , 2 * p . c t s .
J
x 91*g
or
t
911*6 9 1 *
916s
therefore, the best opinion is that but little gold will be ? rF o h raeo oto u (n n .P. .a.r.i.s.).f.r.. 9 0 -0 5
•
98 *2 5
’
n es l
9 8 -2 0
>8'35
9 8 -3 5
shipped from London, and that consequently the Bank will A n a c o n d a M i n i n g . . . . . .
4*
4*
4*
48s
i
•
|
74*
75*
733s
A tch . T o p . & S a n t a F e ..
75*
continue strong during the summer.
96*
97*
P r e f e r r e d . . . ....................
97*
96*
The India Council continues to sell its drafts well. It
t
|
t
& Oh
89*
8.4
91
90*
offered for tender on Wednesday 50 lacs, and the applica­ i a l r iemeorrree d . ........ i..o ...........
93
93
92*
P
f
92*
tions exceeded 1,118 lacs, at prices ranging fram Is. 8 31-32d. J a n & d ia n P a c l f l o . . . . . . .
123*
125*
12438
126*
•
•
39*
41
40*
39*
to Is. 4 l-32d. Applicants for bills at Is. 3 31-32d. and for tele­ J h e s a p e & k e & O h i o . . . .
•
21
21*
20*
J
a W s
n
20*
graphic transfers at Is. 4 1 32d, per rupee were allotted about Oh lo a .MG r e&t S t. eP t eur l . .. ..
(
•
153
154*
154*
hio.
il.
a
152*
•
5 per cent of the amounts applied for. Later in the day the O en. & R i o G r . , c o m . . . .
32
32
31*
31*
•
86* 8 7
Do
d o P re fe rr e d .
87
86 *
Council sold by special contract 2 1-5 lacs of bills at Is. 4d,
•
*
35*
t r i e , c o m m o n . . . . . . ------34*
35*
34*
«
per rupee.
1
68*
69*
69*
68*
1 st p r e fe r r e d . . . . . . . . .
•
The following return shows the position of the Bank of
56*
58
2 d p r e f e r r e d ...........
58
57
•
o
138*
139
England, the Bank rate of discount, the price of oonsols, &c d l i n o l s C e n t r a l . . . . . . . . .
139*
138
•
115*
116*
114*
L o u is v ille & N & e h v llle ..
116*
3
compared with the last three years:
24*

10
90
10.
91
8
1
May 2 .
0 May 2 , May 2 . May 2 .
2
£
£
9 0 .6 1 9 6 9
6 ,7 6 ,1 1 3
9 4 ,6 5 1 ,6 8 2 8 0 ,6 6
8 8 ,9 0 2 ,2 0 4 2 ,6 3 0 2 ,8 080
C ircu la tion .................................... . 8 ,5 0 8
.6 0 8 0 8 ,9 8 0 4 ,4 7 1 4 6
Public deposits.......................... 8 3 ,6 9 3 ,6 8 1
,0 8
3 23 7
,1
0 0 .3 3 34 3 ,6 0 3 ,9 8 0 44 7 ,9 8
O th er d e p o s its ................................ 4 .3 6 7
1 .8
4 1 ,6 6 1 8 ,6 7
6 ,4 7
2,6 8 2 ,7 6 8 8 .1 8 8
.0 3 1 .1 4 1 1 ,6 9 7
G o v e rn m e n t a e c n r lt ie t............... 14.7V-9.6S 1 1 .8 4 0
8 5 2 8 2 ,2 8 ,1 3
6 3 ,7 3 2 .8 8 7 2 ,4 6 8 2 2 2
O th er s e c u ritie s ............................. 2 7 4 8
8
2 ,5 .5
37
6 8 .3 0 8 ,0 8.(61 8 .2 0 0 2 ,5 087
R e s e rv e o f n o te * a n d o o in ......... 2 .1 1 b
6 6 6 8 1 ,6 2
4
6 8 .3 0 6 4 6 4 9 ,0 8 8 44* 6
C oin A b n llio n ,b o th d e p a r t in ’ t» 8 .6 7 8
84
-1
51 7-16
P r o p .r e s e r v e ; o lia b ilit ie s .p .o .
48*
8*
S
B ank r a te ..................... p e r c e n t ., .
*3^
101*
9
4
96*
C on sols,
p e r c e n t ....... ........... ..
8156
23-lo.0 0
790d .
L
7 -1 6
28*d. 2 9 6 .
H ir e r .................................................... 2 3-l6d
6
2 4 3 .0 0 1 9 0 ,0 0 1 6 8 .0 0 1 ,1 6 0
1 ,5 3 0 5 ,9 6 0 8 ,0 9 0 6
C le a r in g -H o m e r e tu rn s ...,
1902.

1903,

The rates for money have been as follows:

Oe M a r k e t
pn

«
e

London.

Bank

g
«
sq

in deposits b
terest allow!
for
»

H a tes .
2 r a d e B ills .

B ills .

8M th 4M o n t h s . 6M o n th s . 3 M o s . 4M o s .
on *.
H
8
%
3* -1 @ H
A 2
pr. 5 37-16@ 37 8 3 S*@8* 8
38 6
-1
S7 6
-1
9H
My 1
a
3@
R4
3*@S*
84
3 -1 % 3
% 8 -1 H 3 -1
H
1
64 S @ 7 6 3 ® 7 6 38@ 7 0 3
-1 ®?
2
23* 35-1809^ 36-t633X 3 R 0 34 8*

Joint Dis'tH'i
Stock At 7 4
-1
all
Banks C Day i

4

41

3 *

3 *

4

3 * ® 3 *

S * @ 8 ^

SJ£@ 1

SI

§»

9 *

2*
2*
2*
2*
9.

3
3

8*

S
3
2W

3*
3*
2*

8*

Messrs. Pixley & Abell write as follows under date of
May 21:
G old—The B ank seem s lik e ly still to b e th e ch ie f b u y er o f open
m ark et arrivals, an d during the p a st w eek has b ou g h t £ 3 0 5 ,0 0 0 , of
w h ich £ 1 1 8 .0 0 0 is In bars. £ 3 2 ft,0 0 0 h a s been w ith draw n , ch ie fly fo r
South A m erica. A rriva ls: A ustralia, £ 2 1 6 ,0 0 0 ; C ape T ow n , £ 2 8 3 ,0 0 0 ;
K iv er P late, £ 1 8 ,0 0 0 ; In dia. £ 7 3 ,0 0 0 ; Straits, £ 1,000; W est Indies,
£ 3 0 ,0 0 0 ; tota l, £ 6 2 4 ,0 0 0 . S hipm ents: B om b a y , £ 5 1 ,0 0 0 ; M adras,
£ 1 5 ,0 0 0 ; t-ital, £66^000.
S ilv er—W ith restricted su pplies and a g o o d in q u iry fr o m In d ia fo r
p ro m p t shipm ent, sp ot silver a d va n ced to 2 5 * tc l. This dem and seems
fo r the m om ent to be satlefled, and th e F ren ch M int tender b ein g n ow
disposed o f, the qu otation to-da y has fa llen to 2 5 * 6 4 ., a t w h ich p r ic e
th e m arket d o s e s dull. F orw a rd silver has again been la rg ely dealt
in, and the q u otation advan ced to 2 4 * d ., b n t has relap sed to d ay to
249,6d. in sym pathy w ith the d eclin e in cash silver. T he India p rice
is R s. 6 4 * p er 100 tolahe. A r r iv a ls : N ew "York, £ 9 8 ,0 0 0 ; A ustralia,
£ 5 ,0 0 0 ; W est In d ies, £ 3 ,0 0 9 ; tota l, £ 108 .000 . Shipm ents: B om b a y ,
£ 7 4 ,0 0 0 ; H on g K o n g , £ 3 7 ,6 8 8 ; M adras, £ 5 ,0 0 0 ; tota l, £ 1 1 6 ,6 8 8 .
M exican D olla rs—O nly a fe w tra n sa ction s h ave taken plaoe at fr o m
24d. to 24iied . per oz. £ 2 7 ,0 0 0 has co m e to h and fro m N ew Y ork .

M e x ic a n C e n t r a l ...........
Mo. K a n . A T e x . , c o m . .
P r e f e r r e d . . . . . ....... .
N a t io n a l R R . o f M e x . . .
P r e f e r r e d ....... .............
S. Y . C e n t ’ l & H u d s o n ..
f . Y . O n t a r io & W e s t 'll
N o r fo lk & W e s t e r n . . ....
Do
do
pref
N o rth e rn S e c u r it ie s ....
P e n n s y lv a n ia ...........
P h ila . A R e a d ........... .
■ h il a. A R e a d , ,1 s t p r e f .
P
P h ila . & R e a d . , 2 d p r e f .
southern P a c l f l o . ............
lo u t h ’ n R a i l w a y , c o m . .
P r e f e r r e d . . . ..........
Jn Ion P a o i f l o . . . .............
P r e f e r r e d ..........................
7 . S. S t e e l C o r p ., o o m ..
Do
do
p r e f..

o
W

0

H

o

Q
H

w

55

P
m
N
1
-4
w
£

26*

J
•
J
•

69*
92
93
64*
24*
43
34*

I
i
■

•

50*

■

•
■

1

t
•
■

(

1
1

D eb. “ B ” . . . . . .

*Price per share.

25
24*

24*
46*
130
26*
69*
91
94*
64*
24*
42
33*

26*
92*
S4*
91
31*

■

(

V abash................. .
Do
p r e f e r r e d .......
Do

24
53
24
46*
129*

•
■
I

82*
25*

44*
76*

52*
2
7
92
85*

25*
24*
53*
24*
46*
130*
26*
69*
91
95*
64*
24*
42*
33*

91
32*
83*
26
46

7
8

24*
23*

52
23*
46
128*

52*
26*
92
85*
91*
32*
83*
26*
46*
77*

2 5 78

69*
91
93*
63*
24
41*
32*
50*
26*
92
83*
91
31*

88 *

26
45
77

Commercial and JlXiBccllaneQUs^jnus
D I V I D E N D S ,

N am e o f Com pany.

Per
When
Ctnl Pay a lls

B ooks Closed.
(D a ys In clu siv e,j

R a ilro a d s (Steam ).
Ashland Coal & Iron Ry. (quar.)..........
1 J’ne 20 J’ne 2
to
J ’ne 21
to
Aug 2
Atch. Topeka & Santa Fe, pref.............
24 Aug 1 J’ly 1
Boston < Albany (quar.)........................
fc
24 J ’ne 30 Holders of reo. J’ne 6
1 J’ne 14
to
Chicago < Alton B ailw a y, pref...........
fc
J ’ly
J’ne 30
2
Chic. & North West., com .....................
1 Holders of rec. J’ne 10
t J ’ly
1 Holders of reo. J’ne 10
do
do
do
pref. (quar.)....... 2 J ’lv
to
Denver & Rio Grande, pref...................
J ’ly 15
2 * J-iv 15 J’ne 26
Detroit & Mackinac, pref....................... 2 4 J’lV
1 J’ne 16
to
J’ly 2
to
Hocking Valley, oom............................... 1 * J’ly 18 J’ly 1
J ’ly 19
do
do
pref............................... 2 J’lv 18 J’ly 1
to
J’ly 19
1 J ’ne 17
to
St. Louis & San Fran., 1st pref. (quar.) 1 J’ly
J’ly 1
Street Railways.
B oston Suburban Eleo., pref. (quar.).. 1 J’ly 16 J ’ly 1
to
J ’ly 15
Chicago City Ry. (quar.)........................
to
J ’ne 13
24 J’ne 30 J’ne 9
1 J’ne 21
to
Detroit United Ry. (quar.).....................
1 J’lv
J ’ly 1
to
Metropolitan Street, New Y ork (quar.) 1 * J’ly 16 J’ne 25
J ’ly 15
The quotations for bullion are reported as follow s:
Union Traction, Philadelphia................
1 J’ne 10
to
J ’ne 30
J’ly
1*
Trust Company.
Fifth Avenue (quar.)............................... 3 J’ne 30 Holders of rec. J’ne 29
S IL V E R .
GOLD.
M iscellaneous.
May
May May
May
to
J’ly 1
L on d on Standard.
American Snuff, com. (quar.)................
1 J’ne 18
21.
London S ta n d a rd , 2 1
2 * J’ly
14.
14.
to
J ’ly 1
do
do pref. (quar.)................ 1 4 J’lv
1 J’ne 18
to
J’ly 2
American Sugar Refining, com. (quar.) 1 * J’ly
2 J’ne 7
a. d. s. d.
d.
d
to
2 J’ne 7
J ’ly 2
do
do
do
pref. (q u a r) 1 * J’lv
B a r g o l d , f i n e ___ o z . 77 9 * 77 9 * B a r s i l v e r , f i n e . . . o s . 26*6 25
to
1 J ’ne 12
J ’ly 1
Chic.June.Rys.<fe U.Stk.Yds.,com.(qu.) 2 J’ly
D . S . g o l d c o i n . . . o z . 76 4
76 4 *
D o 2 m o . d e l i v e r y 24»18 2 4 *
1 J ’ne 12
to
do
do
do
pref.(qu.) 14 J’lv
J ’ly 1
G e r m ’ n goldooln.oz. 76 5** 76 5** B a r s i l v e r , o o n t a l n ’ g
1 J’ne 21
to
Commercial Cable (quar.)....................... 2 J ’ly
J’ly 1
F r e n o h gold ooln.oz. 76 5*
76 5*
do 5 g r s . gold.oz. 2 5 * 6 2 5 *
Consolidated Gas, Baltimore.................. 1 4 J’ne 1 Holders of reo. May 15
76 4** d o 4 grB. gold.oz. 55* 256,«
J a p a n e s e y e n ___ o s . 76 4*
4 J ’lv 2t Holders of rec. J’ly It
Continental Tobacco, com......................
Equitable 111. Gas Light, Phila., pref.. 3 J’ne 15 Holders of reo. J’ne 10
d o S g r s . g o l d . o z . 253,8 2 5 *
2615,8 General Electric, com. (quar.)............... 2 J ’lv 15 Holders of rec. J ’ne 20
Oak© silver......... oz. 27
1 J’ne 6
to
International Silver, pref. (quar.)........
1 J ’ly
J’ly 1
• N o m in a l.
Mexican dollars..oz. 24* |24*
Internat. Steam. Pump, com. (quar.).. 1 J’ly —
do
do
do
pref. (quar.). 14 Aug —
The follow ing shows the imports o f cereal produce into the Maryland Coal, pref................................ 2 4 J ’ly 1 J’ne 20 to J ’ly 1
1 J’ne
do
do
1
United Kingdom during the thirty-seven weeks of the season National Enam. pref. (extra)................. 1 J ’iy 1 J’ne 20 to J ’ly 1
& Stamp , com.( quar.)
16
to
J ’ly l
J ’ly
Oimpared with previous seasons:
do
do
do
pref. (quar.) 1 * J ’iy
1 J’ne 16
to
J ’ly 1
1
New Orleans Gas Light.......................... 3 J ’iy
t
IMPORTS .
Swilt & Co. (quar.).................................. 1 * J ’ly
6 J’ne 21
to
J ’ly 6
1 9 0 2 -0 3 .
1 9 0 1 -0 2 .
1 9 0 0 -0 1 .
1899-00
U. S. Reduction & Refg., com. (quar.). 1 J ’ly
1 J’ne 21
to
J ’ly 1
I m p ’ t s o f w h e a t , o w t . 5 6 ,1 3 3 ,7 0 0 4 7 ,1 0 2 ,5 7 1
do
do
do
pref. (quar.) 1 4 J ’ly
49,263,100 41.623.800
1 J’ne 21
to
J ’ly 1
B a r l e y .................................. 2 0 ,7 3 1 ,4 5 0 1 8 ,2 3 6 ,4 9 1
16,075,500 12,438,400
t Correction, t The transfer books for certificates of stock will be closed
O a t s .................................... 1 0 .4 1 3 ,2 5 3
1 2 ,4 1 3 ,5 3 9 15,217,800 12,863,100
from June 24 to July 1, both Inclusive, and for N. Y. Security & Trust Co.’ s
P e a s . ............................
1 ,4 0 4 ,9 0 8
1 ,4 9 2 ,5 0 1
1,875,030
2.051.000 certificates of benefiolal interest from June 2 to July 1, both inclusive.
B e a n s ..............................
1 ,2 3 5 ,5 6 1
1 .3 5 3 ,4 7 5
1,203,340
1.340.000
I n d i a n o o r n ..................... 2 8 ,1 7 3 ,3 0 8 3 1 8 3 7 ,0 0 8 38.808,300 40.907.800
F l o u r .................................... 1 3 ,7 1 9 ,4 7 7 1 4 ,5 2 4 ,2 6 8 16,277,600
14,969,200

Auction Sales—By Messrs. Adrian H. Muller & Son :

Supplies available for consumption (exclusive of stock
on September 1):
1 9 0 2 -0 3 .
1 0 0 1 -0 2 .
W h e a t l m p o r t e d . e w t . 5 6 , 1 8 3 , 7 0 0 4 7 ,1 0 2 ,5 7 1
I m p o r t s O f f l o u r ...........1 3 ,7 1 9 ,4 7 7 1 4 ,5 2 4 ,2 6 8
■ a l e s o f h o m e - g r o w n . 1 8 ,8 5 3 ,3 7 7 2 0 ,2 0 4 ,6 3 5
T o t a l ..................... . .

8 8 ,7 0 6 ,5 5 4

A v e r .p r lo e w h e a t ,w e e k .2 7 e .
A v e r a g e p r ic e , s e a s o n .2 5 s .

9d.
8d.

8 1 ,8 3 1 ,4 7 4
S is .
27s.

Id .
2d

1 9 0 0 -0 1
4 9 , 2 6 3 ,1 0 0
1 6 ,2 7 7 ,6 0 0
1 9 ,0 2 7 ,3 0 0

1 8 9 9 -0 0 .
4 1 ,6 2 3 ,8 0 0
1 4 ,9 6 9 ,2 0 0
2 4 ,6 6 3 ,4 3 9

8 4 , 5 6 8 ,0 0 0

8 1 ,2 5 6 ,4 3 9

27s,
27s.

3d,
O d.

25 s. l i d .
2 6 s . Od.

Stocks.
4 Corn E xch a n g e B ank . . . 4 0 1 *
5 H om oeopathic L ife In ­
surance C o .....................$1 lo t
50 F ourth Nat. B an k ..........225
300 Tr. Oo. o f the R e p u b lic.. 95
5 M orton T rust C o .............1,040
100 P eaoook C opper C o — $11 lot
5 E quitable Bank. ............. 90
50 In tern ational P o w e r Oo.
6 p. o. cum . p re fe rre d .. 41

Stocks.
25 E qu itable Trust C o.........750
3 2 ,5 0 1 T h e I d e a l M i n i n g &
D e v e lo p m e n t
C o.
of
A r iz o n a , S I e a c h ..$ 3 ,0 0 0 lo t

Bonds.
$ 1 ,0 0 0 A m e r R e a l E s t. O o.
6 p . o. c e r t i f s , d u e 1 9 1 3 ;
J u l y , 1 9 0 3 , c o u p o n o n ........ 9 0
$ 5 , 0 0 0 G r e e n b r ie r R y. C o . 1 s t
4 s , 1 9 4 0 (g u a r a n t ’ d ) , M A N 9 1 *

T H E

J u n e 6, 1 9 0 3 .]

C H R O N IC L E

R an k in g anti ifm a u cia l.
BANK OF MONTREAL.
P RO CEED IN G S

A T T H E E IG H T Y -F IF T H
M E E T IN G , JU N E 1, 1903.

ANNUAL

12 3 1

T h e D ire cto rs h a v e p le a su re In p r e s e n tin g th e 85th an n u al re p o rt,
sh o w in g th e re su lt o f th e B ank ’ s b u sin ess o f th e y ea r en d ed 30th
A p ril, 1903:
B a la n ce o f P rofit a n d L oss A c c o u n t 3 0 th A p r il, 1 9 0 2 ___
$ 1 6 5 ,8 5 6 09
P ro fits fo r the y e a r e n d ed 30 th A p r il, 1903, a fte r d e­
d u ctin g ch a rges o f m a n a g e m e n t, an d m a k in g fu ll p r o ­
v isio n fo r all bad and d o u b tfu l d e b t s .............................
1 ,8 1 3 ,4 8 3 66
P rem ium s o n n e w s to c k ................................................................
9 6 5 ,4 6 8 00
$2 9 4 4 ,8 0 7 7 5

(F ro m the M ontreal G a zette, June 2, 1903.)

D iv id e n d , 5 p e r cen t, p a id 1 st D e ce m b e r, 1 9 0 2 .$ 6 0 0 ,0 0 0
D iv id en d , 5 p e r cen t, p a y a b le 1st J u n e , 1 9 0 3 .. 6 2 0 ,0 0 0
-----------------

A m o u n t cred ited to R e st A c c o u n t ..........................................
The e ig h ty fifth an n u a l m e e tin g o f th e sh a reh old ers o f the B a n k o f
M ontreal w as h eld In th e B oard R o o m o f th e In stitu tion a t 1 o ’ olook
yesterd ay.
T here w ere p re se n t: H on . G e o r g e A. D ru m m o n d . V ice -P re sid e n t;
Sir W illia m C. M a cd on a ld ; M essrs. E. B. G re e n sh ie ld s, J a m es Ross,
Charles A le x a n d e r, W . H . E va n s, T . Ir v in * , F S. L y m a n , K. C.; J a m es
K irby. K. C ; G. F. O. Sm ith, Jan ies T a sk e r, H e n ry D ob ell, R. I lam p son, M ioh ael B u rk e, E. K. G reen e, L ie u t.-C o l P re v o st, A. W. H o o p e r ,
A. T. T a y lo r , A lb e r t P id d ln g to u , M. S. F o le y , D. M o rrlo e , J a m e s
8keooh and J oh n M orrison .
On th e m o tio n or Mr. F. 8. L y m a n , H on. G e o rg e A. D ru m m on d .
V ice-P resid en t, w as u n a n im o u sly v o te d to th e ch a ir, in th e a b s e n c e o f
the P resid en t, Rt. H on . L ord S tra th oon a a n d M ou nt R oyal.
On the m otion o f Mr. H en ry D ob ell, s e c o n d e d b y M r. J a m e s T ask er,
it was agreed ‘ ‘T h a t th e fo L o w in g g en tlem en be a p p o in te d to a c t as
Scrutineers: M essrs. F. S. L .ym :in , K . O., and G. F C. S m ith, a n d th a t
Mr. J a m es A ird b e S e cre ta ry o f th e m e e tin g ."

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

D IR E C T O R S* R E P O R T .

B a la n ce o f P ro fit a n d L oss ca rrie d fo r w a r d ........................
$ 7 2 4 ,8 0 7 7 5
S in ce th e la st an n u al m e e tin g b r a n c h e s o f th e ban k h a v e b e e n
o p e n e d a t B in h y C ove, B a y o f Isla n d s, N e w fo u n d la n d ; R a y m o n d ,
A lta .; C o llin g w o o d , O n t.; P;iris, O u t., and S p ok an e, W a sh ., U. S.
T h e B ank has a cq u ire d th e p r o p e r ty a t the co r n e r o f H o llis an d
P r in c e streets, H a lifa x , a n d w e n t in to o c c u p a tio n in M a y la s t, a n d
has also p u rch a se d th e p re m ise s it has b e e n o c c u p y in g , u n d e r lea se,
a t A m h erst, N. S.
A sp e cia l g e n e ra l m e e tin g o f th e sh a reh old ers w as h e ld on J a n u a r y
7, 19<>3, at w h ich a u th o rity w a s tak en fo r th e fo llo w in g p u rp o se s :
T o in cre a se th e B a n k ’ s ca p ita l b y $2 0 0 0 ,0 0 0 , m a k in g it $ 1 4 .0 0 0 .0 0 0 .
To a p p ly fo r an A c t o f P a rlia m e n t to su b -d iv id e the sh ares o f th e
B ank in to sh a res o f the p a r v a lu e o f $ i o o ea ch .
T o a p p o in t th e first M on d a y o f D e c e m b e r as th e d a te u p on w h ich
th e an n u al g e n e ra l m e e tin g o f th e S h a reh old ers o f th e B ank is to b e
h e ld in fu tu re, in ste a d o f th e first M on d a y in J u n e, as h e re to fo re .
T he H ead Office and all th e b ra n ch e s h a v e p a ssed th rou g h th e u su a l
ic s p e c t io n d u rin g th e year.

The r e p o rt o f th e D ire cto rs to th e S h a reh old ers a t th e ir 8 5 th a n n u a l
gen eral m eetin g w as th en read b y M r. E. S. C lo u sto n , G e n e ra l M a n ­
ager, as fo llo w s :

ST R A T n C O N A AND MOUNT R O Y A L ,
P resid en t.
B a n k o f M o n t r e a l , H e a d O ffice, 1st J u n e , 1903.

TH E G E N E R A L STATEM ENT.
L ia b il it ie s .

A sse ts .

Capital s t o c k ................................................................................. $ 1 3 ,3 7 9 ,2 4 0 0 0
R e st......................................................................$ 9 ,COO,0 0 0 00
B alan ce o f p rofits o a rried fo r w a r d .........
7 2 4 ,8 0 7 75
$ 9 ,7 2 4 ,8 0 7 75
U nclaim ed d iv id e n d s .....................................
3 ,9 4 0 01
H a lf-yearly d iv id e n d s p a y a b le 1st J u n e
1 9 0 3 ........................................................... .
6 2 0 ,0 0 0 ,0 0
------------------------

1 0 .3 4 8 ,7 4 7 7 6

23 7 2 7 9 3 7 76
Notes o f th e ban k in c ir c u la tio n ...............$ 7 ,9 6 8 ,9 7 2 00
D eposits n o t b e a rin g in te re s t.................... 2 1 ,6 9 9 ,1 5 4 27
D eposits b ea rin g I n t e r e s t ...................
7 1 ,6 9 8 ,7 6 5 04
Balances du e to oth er ban k s in C a n a d a .
4 5 3 ,2 3 1 41
----------------------- 1 0 1 ,8 2 0 ,1 2 2 72

G old and S ilv e r co in c u r r e n t................... $ 3 ,1 9 6 ,2 4 5 10
G o v e rn m e n t dem and n o t e s ......................
4 ,7 1 9 ,8 6 1 75
D ep osit w th D o m in io n G o v e rn m e n t r e ­
q u ired b y A c t o f P a rlia m e n t fo r s e cu ­
r ity o f g en era l ban k n o te c ir c u la tio n .
3GQ,000 00
D u e b y a g e n cie s o f this
b a n k and o th e r b a n k s
in G reat B r ita in ............ $ 2 ,4 2 9 ,7 5 5 41
D u e by a g e n cie s o f this
b a n k an d o th e r b a n k s
in fo re ig n c o u n ir ie s —
4 ,5 5 2 ,2 4 8 82
C all a n d th o r t L oa n s in
G reat
B rita in
and
U n ited S ta te s.................2 4 ,0 4 3 ,2 7 8 00
----------------------- 3 4 ,0 2 5 ,2 8 2 23
D o m in io n and P r o v in c ia l G o v e rn m e n t
S ecu rities — ..........
4 3 5 ,6 9 7 46
R a ilw a y and o th e r B o n d s, D e b e n tu re s
and s t o c k ............................................................
8 ,1 3 6 ,2 3 5 53
N otes ana C heques o f o th e r B a n k s.......
2 ,0 3 2 ,0 0 5 14
--------------------------- $ 4 9 ,9 0 5 ,2 3 7 2
B ank P rem ises a t M o n tre a l a n d B r a n c h e s ......................
6 0 0 ,0 0 0 0 0
C u rren t Loans and D iscou n ts in C anada
and elsew h ere (reb a te in te r e s t r e ­
served ) an d o th e r assets.............................. $ 7 4 ,7 6 7 ,2 5 7 28
D e b ts secu red b y m o r tg a g e o r o th e r ­
w ise ...............................................................
1 4 1 ,5 0 0 51
O v erd u e d eb ts n o t sp e c ia lly se cu re d
(loss p ro v id e d f o r ) ...........................................
1 3 4 ,0 2 5 48
------------------------- 7 5 ,0 4 2 ,7 8 3 2 7
$ 1 2 5 ,5 4 8 ,1 1 0 48

E . S. C L O U S T O N , G en era l M a n a g er.
B a n k o f M o n t r e a l , M o n t r e a l , 3 0 th A p r il, 1903.
A D O P T IO N O F T H E R E P O R T .
H on. G e o rg e A . D ru m m on d m o v e d :
“ T h a t th e r e p o r t o f th e D ir e c to r s n o w re a d b e a d o p te d a n d p rin te d
or d istrib u tion a m on g th e sh a r e h o ld e r s ."
It is u su al, he o b se rv e d , fo r th e p re s id in g o fficer to m a k e so m e r e ­
narks at th is p a rticu la r stage o f th e p r o c e e d in g s , b u t in v ie w o f th e
act th a t w e sh all h * v e a n o th e r m e e tin g in s ix m on th s, u n d e r th e n ew
rod altered d a te, it seem s to me u n n e ce ssa ry to d e ta in y o u w ith a n y
ibservation s o f m in e. I can o n ly sa y th a t th e sta tem en t n o w in y o u r
lands is, I am sure, on e w h ich you ^ w ill all a g re e is e x tr e m e ly sattsa ctory. It sh ow s th e la rg est p ro fits o f a n y o f th e B a n k ’ s sta te m e n ts
or the la st tw en ty -fiv e y ea rs, a lth o u g h som e in d ic a tio n m a y b e d ra w n
rom th e fa c t th a t in ea rn in g th a t p ro fit th e b u sin ess o f th e B a n k has
n orm ou sly in crea sed .
In 1 8 7 6 , w h en th e p rofit to w h ich I h a v e
eferred w as rea lized , th e assets o f th e B a n k —an in d ic a tio n o f the
mstness d o n e —stood a t $ 3 7 ,5 0 0 ,0 0 0 , a n d to -d a y , a c c o r d in g to th e
tatem ent in y o u r hands, th e y stan d at $ 1 2 5 ,0 0 0 ,0 0 0 , so th a t th e o ld
tory is rep ea ted , w h ich is th a t to ea rn an eq u a l a m o u n t o f p r o fit y o u
Qust n o w d o a v e r y m u ch la r g e r b u sin e ss—in this c a s e th ree tim es or
nore. W ith th ese rem a rk s I p u t b e fo r e y o u th e m o tio n I h a v e a lre a d y
made.
The m otion w as se co n d e d b y M r. E , B. G reen sh ield s, a n d it w as c a r ­
t e l u nan im ou sly.
Mr. B. A B oa s m ov ed :
| "T h a t th e th an k s o f th e m e e tin g b o p re s e n te d to th e P re sid e n t, V icepresident and D ire cto rs fo r th e ir a tte n tio n to th e in te re sts o f th e
lank,”
I This w as secon d ed hy M r. C harles A le x a n d e r , a n d w as u n a n im o u sly
■
greed to.
B Y -L A W S

ADOPTED.

It w as m o v e d b y M r. A . W . H o o p e r , se c o n d e d b y M r. A . T . T a y lo r :
"T h a t b y la w N o. T h ree sh a ll re a d as fo llo w s :
‘ “ III. F o r th e m a n a g em en t o f the affairs o f th e B ank , th e Shareolders at ea ch an n u al g en e ra l m e e tin g shall e le ct, h y b a llo t, a
•oard o f n in e D irectors, w h o sh a ll b e o a p a b le o f s e r v in g as D ir e c to r s
uring th e en su in g tw e lv e m on th s, o r u n til th ey sh a ll be re p la c e d b y
leir d u ly eleoted su ccessors. E v e r y su ch D ir e c to r a t th e tim e o f his
section sh all be, and d u rin g th e th en im m e d ia te ly p r e c e d in g th irty
ays shall h a v e been , and d u rin g h is s e r v ic e as D ir e c to r sh a ll co n nue to be, th e h old er and a b so lu te o w n e r in h is o w n and s o le n a m e
id rig h t (and n o t in an y o th e r rig h t, or In tru st fo r an y p u rp o se ,
jrson o r p a rty , o r in trust sim p ly ), o f n o t fe w e r th a n o n e h u n d re d o f

th e p a id -u p sh a res o f tb e c a p ita l s to c k o f th e B a n k . A t e v e r y an n u al
g e n e ra l e le ctio n th e o u tg o in g D ire cto rs, a n d e a ch o f th em , sh a ll be
elig ib le fo r r e -e le c tio n .’
" A n d tli* t b y -la w N o. 11 sh a ll re a d as f o l l o w s :
" ‘ X I. T he B oa rd o f D ir e c to r s m a y fro m tim e to tim e a p p o in t local
D ire cto rs fo r th e m a n a g e m e n t o f th e affairs o f th e b ra n ch e s o f th e
B ank, and m ay fix th eir q u a lifica tio n s and rem u n era tion , define th eir
p o w e rs and d u ties and re v o k e th e ir a p p o in tm e n t; b u t n o such lo c a l
D ir e c to r sh all a t a n y tim e b e a p p o in te d o r se rv e as a lo c a l D ire cto r
u nless he bo. and d u rin g his se r v ic e co n tin u e to b e, a h o ld e r in his o w n
an d so le n a m e and rig h t (an d n o t in a n y oth e r n am e o r rig h t, o r in
tru st fo r a n y p u rp ose, p e rso n o r p a rty , o r in trust s im p iv ), o f n o t fe w e r
than tw e n ty p a id up 9hares o f th e ca p ita l s to c k o f th e B a n k .’ ’ ’
T his w as u n a n im o u sly c o n cu rre d in , a fte r w h ich it w as re so lv e d , on
th e m o tio n o f M r. R . H a m p son . se co n d e d b y M r. J. K irb y , K.O.:
" T h a t b y -la w s N os. H I and X I ., as a m en d ed , sh all g o in to e ffe ct o n
1st S ep tem b er, 1 9 0 3 .”
Sir W illiam C. M a cd o n a ld m o v e d :
"T h a t tb e thaDks o f th e m e e tin g be g iv e n to th e G en era l M an ager,
th e In sp e cto r, th e M a n a gers, and o th e r officers o f th e B a n k , fo r tiieir
se r v ic e s d u rin g th e p a st y e a r .”
T his w a s se co n d e d h y Mr. J * m e s R oss, and wa*9 u n a n im ou sly ca rried ,
th e G en era l M an ager a c k n o w le d g in g th e com p lim en t.
Mr. J o h n M orrison m o v e d , se co n d e d b y M r. A lb e r t P id d in g ton :
“ T h a t th e b a llo t n o w o p e n fo r th e e le c t io n o f D ire cto rs b e k e p t o p e n
u n til 3 o ’clo c k , u n less fifteen m in u tes elap se w ith o u t a v o te b ein g
oast, w h en it sh all b e clo se d , and u n til th a t tim e, an d fo r th at p u rp o se
o n ly , th is m eetin g b e co n tin u e d .”
T h is w a s u n a n im o u sly c o n c u r r e d in , an d a h e a rty v o te o f th an k s
w a s then a c c o r d e d th e C hairm an , w h o a ck n o w le d g e d th e sam e.
THE

D IR E C T O R 8 .

T he b a llo t re su lte d in the e le c tio n
R. B. A n g u s , E s q .,
H on. G eo . A . D ru m m ond,
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 i r W il l ia m C. M a c d o n a l d ,

o f th e fo llo w in g d ir e c to r s :
A . T . P a t e r s o n , E sq .,
R. G . R e i d , E sq .,
J a m e s R o ss , E sq .,
R t . H o n . L o r d St r a t h c o n a a n d
M o u n t R o y a l , G. C. M. G.

T h e P resid en t and V ic e -P r e s id e r t w ill, in the o rd in a ry co u rse o f
b u sin ess, be e le c te d at to -d a y ’ s m e e tin g o f th e B oard o f D irectors.

THE CHRONICLE

1232

[V o l . L X S F f

New York City, Boston and Philadelphia Banks.—Below
New York City Clearing House Hanks.---Statement of
condition for the week ending May 29, 1903, based on aver­ is a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
age of daily results. W e o m it tw o c ip h e r s ( 0 0 ) i n a l l cases.
York figures do not include results for non-member banks.
BANKS.

C a p ita l.

S u rp lu s.

$

$

Bk. of N. Y.
Manliat. Co.
Merchants’
Mechanic s’ .
Am erica....
Plioemx ...
C ity ...........
Chemical ..
Merch. Ex .
Gallatin_
_
But. & Drov
Mech.&Tra.
Greenwich.
Leath.Mfrs.
Amer.Exch.
Commerce..
Mercantile.
Pacific........
Chatham...
People’s ...
N. America
H anover...
I r v in g .......
Citizens’ ..
Nassau _
_
Mar.<fc Fult.
Shoe &Lthr.
Corn Exch .
Oriental ...
Imp. & Trad
P a r k ..........
East River
Fourth . . ..
C en tral___
Second . . ..
First ........
N.Y.Nt.Ex.
Bowery ...
N. Y. Co ...
German Am
Chase..........
Fifth A v e ..
German Ex.
Germania ..
Lincoln......
Garfield_
_
Fifth ........
Bk. of Met..
West Side..
Seaboard ..
1st N.Bklyn
Liberty.......
N. Y .P r.E x
New Amst.
Astor ........
Western___

L oa n s.

2, 000,0

L ey a ls. f D ep osits R e­
s've.

$

$

2.411.2 1 6 .579.0
2 .2 9 0 .0 1 9 .9 2 9 .0
2 .0 5 0 .0
1.355.4 1 3 .509.7
2 , 000,0
2 , 000,0
2 .7 0 9 .0 1 3 .2 3 6 .0
1 .500.0
3 .4 1 7 .8 1 9 .6 5 5 .2
4 .5 3 9 .0
316.0
1 , 000,0
2 5 .0 0 0 . 0 1 6 ,803,5 126,611,1
7 .4 0 9 .3 2 4 ,3 1 9 ,4
30 0 .0
5 .0 5 8.8
600.0
333.9
8 .3 4 3.3
1 , 000,0
2 .120.5
2 .1 3 5 .6
300.0
104.5
3 .7 7 4 .0
700 .0
346.7
2 ,2 6 5,5
500.0
521.7
547.2
4 .7 3 2 .8
600.0
5 .0 0 0 . 0 3,918,1) 2 8 .6 4 5 .0
10 .000 . 0 8 ,3 1 5 ,2 7 1 .4 3 3 .7
3 .0 0 0 . 0 5 ,0 0 0 ,0 2 3 .9 4 0 .8
3 .5 7 7.0
422 ,7
566.7
5 .8 5 7.2
1 .0 4 7 .0
4 5 0 .0
1 .961.4
200.0
384.5
2 000 0 2 .0 4 7 .6 1 7 .3 1 3 .3
3 .0 0 0 . 0 6.339.1 4 6 .3 5 3 .3
5 .9 2 5.0
1 000
0 1 .0 4 5 .6
1 .5 5 0 .0
7.120.1
649.2
2 .6 3 5.3
50 0 .0
310.5
9 0 0 .0
6 .4 6 3.9
1 .0 6 3 .6
6 ,2 0 8 ,8
34 5 .0
1, 000,0
2 , 00 0 ,0
3 .2 0 0 .2 2 5 .5 9 2 .0
5.347.1
600.0
820.9
1 .5 0 0 .0
6 .511.9 2 3 .6 7 6 .0
3 .0 0 0 . 0 6 .6 4 3 .0 5 6 .7 6 8 .0
1 .188.5
25 0 .0
154.0
3 .0 0 0 . 0 2 .956.2 1 7 .1 8 0 .0
9 .3 5 1.0
1 000 0 592.3
9 .3 9 6 .0
1 .2 8 2 .4
3 0 0 .0
10, 000,0 1 3 ,227,0 7 8 ,8 0 8 ,6
6 .120.7
500 .0
385.3
2 .8 0 7 .0
250 .0
772.3
4 .2 3 0 .3
200 .0
631.7
3 .3 8 4 .4
750 .0
46 6 .4
1 , 000,0
3 .6 6 7 .6 3 7 ,0 5 0 ,2
8 .9 3 3 .8
100.0
1 .6 2 1 .9
2 .9 2 0 .9
200 ,0
64 1 .6
2 0 0 ,0
3 .1 9 8 .6
84 3 .5
300.0
1.249.1 1 0 .861.1
1, 000,0
7 ,6 8 6 ,8
1 .2 7 6 .9
2 .5 2 0 .0
250.0
37 0 .6
8 .9 0 4 .3
1 , 000,0
1 .344.1
200.0
3 .1 9 5 .0
49 6 .8
50 0 .0
1 .2 8 8 .5 1 1 .6 3 5 .0
4 .4 3 8 .0
30 0 .0
55 6 .8
1 .873.5 1 0 .7 1 1 .8
1 , 000,0
4 .3 3 8 .4
1 , 000,0
49 0 .5
50 0 .0
6 .802.1
55 1 .6
523,3
350.0
4 ,8 1 7 ,0
10, 000,0 3 .016.7 5 9 .9 9 0 .1

. .

.

S pecie.

.

. .

2 .4 1 5 .0
4 .6 2 6 .0
2 ,9 9 3 ,8
2 .2 0 3 .0
3 .478.7
691.0
1 9 ,257,1
4 .9 1 2 .0
8 7 9 .0
964,0,
6 7 1 ,(J
56 8 .0
212,9
1 .382.1
4 .6 1 1 .0
1 1 .7 8 9 .0
4 .0 4 2 .8
37 7 .7
706.1
3 2 8 .3
2 .1 1 3 .5
6 .655.7
7 6 5 .3
1 .511.2
183.5
1 .031.7
1 .6 3 2 .8
4 .8 1 7 .0
648.2
3 .8 9 9 .0
1 2 .6 6 1 .0
180.6
2 .6 8 7 .1
2 .0 1 9 .0
1 .3 1 4 .0
1 3 ,6 1 5 ,8
1 .0 5 7 .8
4 1 1 .0
8 3 5 .8
604.2
9 .3 5 4 .5
2 ,2 3 4 ,4
195.0
4 1 8 .0
52 4 .3
1 .6 5 0 .2
5 1 1 .4
1 .5 9 6 .0
65 5 .0
1 .9 5 2 .0
5 4 2 .0
1 .858.9
706.5
94 4 .3
89 0 .0
1 4 ,3 2 0 ,6

1 .392.0
2 .085.0

1 , 120,6
1 .410.0

2 , 120,2
3 1 0 .0
8 ,4 8 2 ,2
2 .0 8 6 .9
584.5
638.3
36 ,5
3 4 5 .0
2 0 9 .6
193.3
2 .1 3 7 .0
4 .5 1 3 .9
1 .238.8
6 0 3 .6
843.1
4 9 4 .4
1 .4 7 5 .4
7 .0 2 5 .9
485 ,9
57 8 .4
390 .2
7 2 1 .8
159.5
3 .1 9 2 .0
632.1
1 .371.0
4 .4 5 8 .0
211 .5
2 ,6 6 4 ,7
1 .019.0
1 .2 7 5 .0
1 .8 3 2 .0
483.1
307 .0
4 1 7 ,4
251.2

2,141,6
343 .6
695 .0
6 1 6 .8
2 .3 3 9 .5
354 .6
132,9
811 .0
310 .0
1 .457.0
703 .0
3 4 0 .0
3 7 6 .6
7 7 0 ,8
2 0 7 .0
2 ,714,4

1 4 .7 3 2 .0
2 3 .2 4 2 .0
1 5 .521.6
1 3 .484.0
2 1 .1 9 1 .5
4 .1 8 9 .0
108,9 7 7 ,2
2 4 .1 3 7 .0
5 .4 1 5 .0
6 ,011,9
*2,815,2
4 .0 7 0 .0
1 .649.0
4 .9 8 8 .8
2 3 .0 4 9 .0
5 9 .2 2 2 .7
2 0 .7 6 4 .0
4 ,3 1 6 ,3
5 .820.2
2 .6 8 6 .9
1 4 .3 4 0 .5
5 3 .5 1 7 .7
5 .0 4 4 .0
8 .1 2 8 .7
3 ,0 4 9 ,*
6 .7 5 5 .7
6 .308.0
3 0 .9 2 6 .0
5 .1 7 4 .8
2 1 .0 3 2 .0
6 3 .9 6 5 .0
1.374.1
18.934.4
1 1 .2 0 9 .0
1 0 .2 8 3 .0
6 4 .5 6 5 .7
6 .035.3
3 .2 2 2 .0
4 .9 3 0 .3
3 .289.9
4 3 ,8 4 8 ,2
9 .806.9
3 .4 6 0 .3
4 .8 1 4 .2
1 1 .4 5 2 .4
7,895*3
2 .6 1 1 .4
1 0 .2 7 5 .6
3 .5 0 1 .0
1 3 .2 3 5 .0
4 .7 1 8 .0
9 .271.2
4 .2 3 9 .8
7 .3 5 7 .8
4 .8 1 6 .0
6 3 ,4 0 8 ,9

P.C .
2528"8
265
2626*4
2325*4
28-9
27*0

26*6

25*1
22*4
25 *5
31*6
29*2
27*5
25*4
2 O'4

26'6

30-5
250
255
24*8
25-7

W e o m it tw o c ip h e r s ( 0 0 ) in a l l th ese figures.
C a p ita l d:
BANKS S u rp lu s.
N. Y .
8
M ay 9
M a y l6
M ay 2 3
7
M ay29
B os.
8
M ay 16
M ay23
M ay 2 9
P h ila *
M ay 1(6
M ay 23
M ay 2 9

L oa n s.

S pecie.

L ega ls.

D e­
p osits. t

C ircu ­
la tion .

C lea rin gs.

$
9 2 3.080.2
9 2 8.939.2
923,463,1
92 2 ,9 7 5 ,9

$
169.051.7
1 6 8,756,4
1 6 6,002,0
1 6 4.005.8

&
69.936.8
70,445,1
71,873,5
73.909.8

$
915.834.7
920,835,5
914,611,1
913.081.8

$
43,948,5
44,260.9
44.204.0
44,173,3

$
1,280,882,5
1,28 1 ,1 4 3 ,0
1,388,294,7
1,068,786,9

5 2 .3 2 2 .0 187.480.0
5 2 .3 2 2 .0 1 *7,653,0
5 2 .3 2 2 .0 18 9 .0 9 1 .0

1 7.304.0
17.214.0
1 6 .2 6 1 .0

6.745.0 2 10.735.0
6.709.0 20 9 .7 5 7 .0
6.746.0 2 0 7.542.0

6,475,t
6,488,(
6,514,0

128.276.7
124.011.7
9 8 ,858,7

217.894.0 10.058.0
2 21.650.0 10.217.0
2 19.674.0 10.469.0

1 14.879.6
12 9 ,2 3 3 ,0
100.134.7

$
2 3 9 .0 0 4 .0
239.0 0 4 .0
2 3 9 .0 0 4 .0
2 3 9 .0 0 4 .0

4 4 .7 6 4 .0 18 9 .6 6 4 .0
44,764r0 1 9 0.544.0
4 4 .7 6 4 .0 1 9 1.261.0

t I n c lu d in g fo r B o s to n a n d P h ila d e lp h ia th e ite m “ du e t o o t h e r b a n k s,’ 4
and a lso G o v e r n m e n t d ep osits.
F o r B o sto n th e se G o v e rn m e n t d ep osits
a m o u n te d o n M a y 29 to $ 6 ,3 2 5 ,0 0 0 ; o n M a y 23 to $6,3 1 9 ,0 0 0 .

Imports and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
May 28, and for the week ending for general merchandise i
May 29 ; also totals since beginning first week January.
F O R E IG N

18-8

25-9
28-4
25*8
2 42526- 7
28-5
28-2
27T
25T
239
25*5

22-2

25-4
260

26*2

26*2
25*6
19-4
25-0
25*4
24*6
23*4
242526*3
23-7
2523*3

22*8
26-

T o t a l . . . 109,822,7 129,181,3 922,975,9 164,005,8 7 3 ,9 0 9 ,8 t9130818 26-0
t T o ta l U n ite d S ta te s d e p o s its in c lu d e d $ 3 7 ,2 4 8 ,4 0 0 .

Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending May 29,1903, based on average of daily results.

5 4 ,5f>8,0
55,41 >0,0
54,71 )3,0

F o r w eek.

1903.

C ap i­
ta l.

N . Y . C it y .
B o ro u g h s o j
M a n & B r*n x
100,0
C o lo n ia l___
C olu m b ia . .
300 ,0
14th S tre e t.
100,0
G a u se v o o rt.
200,0
H a m ilto n . .
200,0
M t. M o rris
25 0 ,0
M u tu a l . . . .
20 0 ,0
1 9 tli W a r d .
20 0 ,0
P la z a ___ . . .
10 0 ,0
R iv e r s id e . .
100,0
S ta te ..........
100,0
1 2 tli W a r d .
200,0
23d W a r d . .
100,0
Y o r k v ille ..
100,0
F i d e l i t y ___
20 0 ,0
V a r ic k ___
100,0
J e ffe rs o n ..
40 0 ,0
C e n tu ry . . .
100,0
W a sh . H g ts
100,0
U n ite d N at. 1,000,0
B o ro u g h ol
B r o o k ly n .
B ro a d w a y .
B r o o k ly n . .
8th W a r d ...
M fr s .’ N a t ..
M e ch a n ics ’
M e rch a n ts’ .
N a ss a u N at
N a t. C ity . .
N o r t h S id e.
P e o p le s ........
1 7 th W a r d .
S p ra g u eN a t
U n io n ...........
W a lla b o u t .
B o ro u g h oj
R ich m o n d .
B k . o f St. Is.
1 st N a t.,S .I.
O ther Cities.
I s t N t . , J. C.
H u d s o n Co.
N a t., J . C .
2d N a t., J.C.
3d N a t., J.C.
I s t N t ., H o b
2 d N a t .,H o b

S u r­
p lu s .

D e p o s it w ith
L oans &
L eg. T.
N et
S p ecie. & B a n k
In v e s t­
C lea r'g O ther D eposits
N otes. A g e n t. B k s.& c
m en ts.

$ 1 ,9 8 6 ,1 2 9
7 ,168,849

$1,623,241
8 .4 5 5 ,3 9 3

$1,637,835
7,629,653

$ 1 1 ,0 0 0 ,7 2 0

$ 9 ,1 5 4 ,9 7 8

$ 1 0 ,0 7 8 ,6 3 4

$9,267,488

$ 6 3 ,0 2 3 ,6 6 8
2 0 1 ,8 1 7 ,8 6 3

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

$ 4 6 ,9 0 2 ,8 7 8
1 9 4 .983,067

$57,840,008
188,285.494

T o ta l 22 w e e k s ......... $ 2 6 4 ,8 4 1 ,5 3 1 $ 2 3 8 ,8 6 7 ,1 0 6 $24 1 ,8 8 5 ,9 4 5 $246,125,502

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign £>orts for the
week ending June 1, and from January 1 to date.
E X P O R T S FROM N E W Y O R K

$
50,4
180,0
91,6
25 ,6
11 9 ,8
128,9
27,5
31,3
165 ,0
14,4
42 9 ,0
38,0
52,2
43,7
9,7
4,2
9,7
3,3
9,8
193,2

2 ^ ,7
11 0 ,0
76,7
81,7
109,1
97,9
164,3
12 1 ,3
135,0
8 4,6
21 4 ,0
197,0
136,1
181,3
42,0
59,1
75 ,8
11,7
20 ,4
4 1,2

ll2 ,4
2 9 0 ,0
33 6 ,9
77,1
112,0
36 1 ,4
147,5
49 9 ,3
2 6 9 ,0
5 9 ,4
14 3 ,0
18 4 ,0
129,5
158,3
55,3
100,3
203,6
43 ,8
70 ,3
3 6,8

11 2 ,0
30 0 ,0
100,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100 ,0
200,0
200,0
100,0

229,3
164,0
20,0
514,5
35 6 ,9
40,1
633,5
580,7
161,4
155,3
80,3
264,4
117,9
67,0

2,028,1
1 ,612,3
37 9 ,6
3 ,0 5 7 ,8
5 ,4 5 6 ,2
883 ,1
3 ,857,0
3 ,1 3 2 ,0
962,3
1 ,4 3 7 ,4
655.8
1 ,0 2 9 ,9
1 ,4 0 5 ,4
816 ,5

10 ,8
105,1
4,4
338,7
15 5 ,6
9,7
20 0 ,0
13 2 ,0
12,8
50,9
9,8
143,1
44 ,6
41,3

13 4 ,0
68,8
32 ,4
80 ,0
39 0 ,2
50 ,9
3 5 5 ,0
2 9 0 ,0
63,7
137,9
46 ,6
7,3
89,3
32,9

34 4 ,0
172.9
47,7
63 2 ,8
22 6 ,6
20 6 ,5
679,0
4 0 3 ,0
43,2
73,1
96,3
186,3
94,2
37,2

2 5,0
100,0

74,7
103,8

521,1
75 4 ,8

20,9
32 ,2

15,0
10,0

86,1
94,3

17 ,0

577,5
68 7 ,3

400 ,0 1,031,9

4 ,6 2 5 ,6

292,7

2 8 7 ,8 1,480,9

509,1

1902.

1901.

1900.

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

7
F7 r th e w e e k .................
o
P r e v io u s ly r e p o r t e d ..

$ 8 ,202,160
1 9 8,908,936

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

$7,571,836
217,858.612

T o ta l 22 w e e k s ......... $217,568,905. $20 7 ,1 1 1 ,0 9 6 $ 2 2 2 ,7 5 9 ,S05 $225,430,448
5
N o t e .—A s th e fig u re s o f e x p o r ts as re p o rte d b y th e N e w Y o r k C u stom
H o u s e fr o m w e e k to w eek fr e q u e n tly sh o w d iv e r g e n c e fro m th e m o n th ly
8
tota ls, a lso c o m p ile d b y th e C u stom H o u s e , w e sh all fr o m tim e to tim e a d ju st
th e to ta ls b y a d d in g to o r d e d u c tin g fro m th e a m o u n t “ p r e v io u s ly re p o rte d .

The following table shows the exports and imports of
specie at the port of New York for the week ending May 30
and since Jan. 1,1903, and for the corresponding periods in
1902 and 1901.
E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W Y O R K

Gold*

2 ,238,6
1 ,0 5 9 ,6
1,071,0
2,544,5
1 ,0 4 6 ,0

84,8
66,6
41,3
124,8
42,9

W eek.

G re a t B r it a i n ...........
F r a n c e ........................ .
G e r m a n y ....................
W e s t I n d ie s ............. .

6 ,7 9 5 ,4

631,8
289,2
271,9
50 6 ,4
140,0

7 0 ,0
14,3
63,3
32,9
45,2

159,5
274,5
342,3
224,7
62,9

FOR T H E W E EK .

1903.

150,0
3,0
21 ,0
10 0 ,0
53,9
21,8
14 3 ,0
498,0
42 ,5
1,8
5,5
40,3
10,7

40, i
36 ,6
35 ,0
10,0
21 ,0
10 8 ,0
146,8
72,3
59,2
23 ,0
13 4 ,4
69,6

59,5
10,2
8,8
18,3
57,3

$
2 ,6 1 6 ,0
3 ,2 0 1 ,0
2 ,0 7 3 ,0
1 ,685,5
2 ,4 0 2 ,7
3 ;o 6 o ;7
2 ,3 0 5 ,0
1 ,940,7
3 .3 7 5 .0
1 .1 8 6 .0
7 ,1 6 1 ,0
1 ,9 7 2 ,0
1 ,6 5 3 ,1
1 ,9 2 1 ,7
680,7
8 3 4 ,6
1 ,7 2 L 6
2 7 5 ,0
468^4
1 ,1 8 5 ,4

2 ,1 7 0 ,0
1 ,700,1
4 6 3 ,8
3 ,6 5 1 ,5
5 ,9 5 6 ,8
1 ,0 7 0 ,0
4*350^0
3^498^0
9 8 6 ,8
1 ,5 8 2 ,8
687,9
98 6 ,0
1 ,4 4 7 ,6
812,5

1 ,8 3 2 ,6
1,023,5
1,278,2
2 ,3 9 6 ,4
1 ,1 7 6 ,6

T o t. M ay29 8 ,3 7 4 ,0 9,610,3 7 9 ,064.9 3,592,3 4 ,501,4 9,437,9 2,517,7 8 6 ,8 5 0 ,4
T o t. M ay23 8 ,374,0 9,610,3 7 9 .0 4 4 ,8 3 ,6 6 0 ,0 4.572.7 9,080,2 2,316,9 8 6 ,4 3 0 ,7
T o t. M a y l6 8 ,374,0 9,610,3 7 9 ,646,3 3 ,638,5 4.642.7 8 ,964,6 2,676,0 8 7 ,235,2

I m ports.

S in ce J a n . 1.

W eek.

S in ce J a n . 1 .

$1,212,613

$6,827,664

25,942
2,600
2,250,000

1,561,110
18,130
5,965,855
10,300

$600
3 1,195
5 1 ,0 1 6
730

9 5 ,6 0 9
153,138;
299,937!
28,019i

$3,491,155 $14,383,059
7,163 16,875,564
4,071,453 22,779,248

$ 83 ,54 1
15,197
3 0,3 00

$ 2 ,9 9 9 ,8 1 8 '
1,133,426,
1,057,475

M e x i c o ............................ .

$
194,1
256,0
98,0
55,7
111,0
116,2
184,4
185,3
234,3
106,8
42 1 ,4
88,7
88,7
253,6
107,1
59,8
22 5 ,8
52,9
112,3
223,2

1900.

1901.

E xports .

$
2 ,3 4 2 ,9
2 ,9 9 5 ,0
1,732,8
1 ,585,3
2 ,1 9 9 ,2
2,282,1
2 ,2 4 1 ,3
1 ,4 5 6 ,7
3 ,0 8 0 ,0
1,065*5
6 ,3 4 4 ,0
1 ,507,0
1,392,1
1 ,8 3 6 ,6
715,9
8 0 ],4
1,821,1
342,2
586,3
2 ,1 6 2 ,9

250,0
250,0
200,0
110,0
125 ,0

1902.

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

D7 y G o o d s......................
r
G0 n e r a l M e rch a n d ise
e
T o t a l................ ..........
S in ce J a n. 1.
D r y G o o d s......................
G e n e ra l M e rch a n d ise

W e o m it tw o c ip h e r s ( 0 0 ) i n a l l cases.
BANKS.
00 s om itted .

IM P O R T S .

S o u th A m e r ic a .........
A l l o th e r c o u n trie s.
T o ta l 1 9 0 3 ........ .
T o ta l 1 9 0 2 .........
T o ta l 1 9 0 1 .........

$ 2 ,4 2 3 ,1 1 5

S ilver.
G re a t B r ita in ...........
F r a n c e .......................
G e r m a n y ................. .
W e s t I n d ie s ........... .

$351,885 $13,437,065
760,999
600
2,200
102,832

S o u th A m e r ic a .......
A ll o th e r co u n trie s.

4,400
879,190

M e x ic o .................. .

874,580

............. I
$ 3 8 ,9 6 0
8 2 ,4 2 0
$ 1 2 1 ,3 8 0
18,541
6 2,4 50

$1,228,665 $15,185,086
593,915 15,543,142
595,430 22,137,274

T o ta l 1903.
T o ta l 1902,
T o ta l 1901.

$ 16 ,86 8
6 09,086
9 6,686
2,700
$ 72 5 ,3 4 0
4 8 8 ,5 2 0
1 ,5 7 3 ,9 5 9

Of the above imports for the week in 1903, $1,230 were
American gold coin. Of the exports during the same time
$2,278,542 were American gold coin and $1,000 were Ameri­
can silver coin.
Auction Sales.—See page preceding.

Ranking and ^financial.
Spencer

Trask

&

Co.,

BANKERS,
W IL L IA M

& P IN E S T R E E T S ,

-

-

NEW

YORKe

T ra n sa ct a general banking business; act as Fiscal
Ao-ents for corporations, and negotiate security
issues of railroads and other com panies. Execute
commission orders and deal in
IN V E S T M E N T S E C U R IT IE S .
M em bers N. Y . S tock E xch an ge.
M

o

f

f

a

t

B ran ch Office, 65 S tate St., A lb a n y
&

W

h

i

t

e

,

M e m b e r s N e w Y o r k S t o c k E x ch a n ge*
1 NASSAU STRE ET, CORNER W A L L ,

Dealers in Investment Securities
T eh 582C-5S21 C ortlan dt.

T e le p h o n e S lo c k s a S p e c ia lty .

J une

THE CHRONICLE

6, 1908.]

1233

There have been a few excep tion al features, including C hi­
ca g o R ock Island 5s (w h en issued), O regon Short Line 4s
participating and U nited States Steel C orporation new 5s,
t w
F o r D i v i d e n d s s e e p a g e / s jo .
which were relatively firm. Otherw ise the active list has
shown a tendency to declin e, althou gh ch anges are usually
W A L L HTRKKT, Kit IDA Y. JUNE 5, I U 0 3 .-3 f . ill.
lim ited to a fraction o f a point. In addition to the above,
The M oney M arket and F in a n cia l S itu a tio n .— A large
B urlington & Q u incy, C hicago R o ck Island & P acific, M exi­
part of the trading this w eek at the S tock E xch an ge has
can Central, U nion P acific and W abash bonds have been
been effected on a declinin g m arket. Persistent liqu idation
n otably a ctive.
in the case o f some prom inen t issues has been a conspicuous
feature, and the depressing influence o f this feature has
United S ta tes B o n d s.—Sales o f G ov ern m en t bonds at
been added to by u nfavorable crop reports from the W est, the Board are lim ited to $3,000 3s, reg. at 107%. The f o l­
an unfavorable G overnm ent report in regard to cotton , large low in g are closin g q u otations; f o r yea rly ran ge see th ird
destruction o f property East amf W est by fire and floods. 1he page follovring.
suspension o f a prom inent brokerage house in T oronto,
I
1 n te r e s t M a y J u n e J u n e J u n e J u n e J u n e
rum ors o f labor agitation in the anthracite regions, m ore
P er io d s
3
3
4
30
1
5
gold exports, and a firm er m oney m arket. N o d ou bt the
im portance o f these events has bean overestim ated, and 2s, 1930...........registered Q—Jan
*1051* ‘ 1054 *1054 ‘ 1054 *1054
*105** *105»« *106*« *1054 *1054
under the circum stances the w onder is th at prices have de­ 2s, 1930............... ooupon Q—Jan
2s, 1930 .smaJ. registered
clin ed so little— a fa ct tending to show that in m any cases 2s, 1930 .small_ ooupon
_
t*
i"07
3s, 1918...........registered Q—Feb
*io7 *i'07 *i'07 *i'07
prices are near a substantial basis.
■<
Ss, 1918............... ooupon Q—Feb
*107 *107 *107 *107 ‘ 107
G old shipm ents for the week am ount to about $5,000,000, 8s, 1918, small.registered Q—Feb
ft
M *1084
_
m akin g the total o f the current m ovem ent nearly $17,000,000. 3s, 1918, small_ coupon Q—Feb
*1064 * i o e 4 *1004 *1004
•109»* *109** *1093 *1094 *1094
*
o
A s noted above, the m on ey m arket is firm er and rates for 4s, 1907...........registered Q—Jan
is, 1907............... coupon Q—Jan
*110'* *110*« *1104 *1104 *1104
w *1354 *1354 *1364 *1354 *1854
is, 1925...........registered Q—Feb
both call and tim e loans are substantially higher.
Q—Feb
*1363 *1354 *1354 *1354 *1354
*
The open m arket rates for call loans on the 8 to ck E xchange i s , 1926............... ooupon Q—Feb
is, 1904...........registered
*1024 *1024 *1024 •102 4 *102 4
during the w eek on stock and bon d collaterals have ranged 5s, 1904............... ooupon Q—Feb
*1024 *1024 *1024 *1024 *1024
from l% t o 4% per cen t. T o-d ay’s rates on ca ll were 1% to
•This la the priee bid at the morning board; no s a l e was made.
4 per cen t. P rim e com m ercia l paper quoted at 4% for en­
dorsements and 4 % @ 5 % fo r the best single names.
M iscellan eou s S tock s.—The volu m e o f bu si­
The Bank o f E ngland w eek ly statem ent on Thursday ness in shares has been som ew hat sm aller than last w eek,
show ed a decrease in bullion o f £498,222, and the p ercen t­ although there has been v ery little change in the tone o f the
age o f reserve to liabilities was 49,61, against 50’74 last w eek, m arket. R allies from the lo w quotations o f last w eek, w h ich
the discount rate rem aining unchanged at 3% per cent. occu rred in a fe w cases, have gen erally been succeeded b y
The Bank o f France show s an increase o f 1,775,000 francs renewed liquidation and fu rth er depression. Pennsylvania
m gold and 8,275,000 fran os in silver.
has been a weak feature o f the railw ay list; it was freely
The N ew Y ork C ity C learin g-H ouse banks in their state­ offered and steadily d eclined, closing w ith a net loss o f 2%
m en t o f M ay 29 show ed an increase in the reserve held o f points. C hicago & N orth W est, has been m ore active than
$40,100 and a surplus over the req u ired reserve o f usual and covered a ra n ge.of 4% points. Canadian P acific,
$9,645J50. against $9,222,725 the previous w eek .
the Soo L ine issues, M inneapolis & St. L ouis and T w in C ity
Rapid Transit fluctuated w id ely on the failure o f a
D iffe r e n c e s
1 901
1903
1903
large Canadian brokerage firm . Other railw ay shares have
fr o m
June 1
M a y 31
M a y 39
p r e v i o u s io e e k
generally follow ed the tren d o f the market.
A m algam ated Copper has been at times the m ost activ e
9
9
9
9
75,099,300 stock, and under persistent liquidation declined nearly
83,872,700
Capital................. 109,822,700
96,92 7,400
106,007,900
129.181,300
Surplus...............
487,200 886.592.000 866,314,700 6 points. Sloss-Sheffield Steel & Iron has been erratic and
Deans A discounts 922,975,900 Deo
31.093.600 the U nited States L eather issues weak. G eneral Electric
31,245,300
30,700
44,173,300 Deo
ClrenlAtlon...........
Net deposits........ *913,081.800 Deo 1,529,300 948,320,400 952,398,200 has been n otably weak to-day, and closes 5 points low er than
184.005,800 Deo 1,996,200 172.686.000 181.190.000
Specie..................
78.162.600 our last quotations. 0 nited States Steel shares, both c o m ­
76,474,000
78,909,800 Ino 2,036,300
Legal tenders......
m on and preferred, are exception al in sh ow in g a fraction al
40,100 249.010.600 269.252.000
Beserve held........ 287,915,600 Ino
382,325 237.081.600 238,099,560 net gain.
25 p. o. of deposits 228,270,460 Deo
F o r daily volum e o f business see pa ge 12!$.
11,929,000
21,258,050
422,425
9,645,160 Ino
Surplus reserve
The fo llo w in g sales have o ccu rre d this w eek o f shares n o
* $37 248,400 United States deposits included, against $37,249,400 last
week. With these United States deposits eliminated, the surplus reserve represented in our detailed list on th e pages w h ich fo llo w .

Railroad an
d

would be $18,957,260 on May 29 and $18,686,076 on May 23.
H on.—Returns oi separate banks appear on the preceding page.

F oreign E xch a n g e.—The foreig n exch an ge m arket was
strong early in the week, but it g rew easier on W edn esday,
the dem and h avin g then been satisfied b y g old exports. The
tone was easy at the close. G old shipm ents, $4,736,286 to
E urope and $250,000 to Buenos A yres.
T o-day’s (F rid ay’s) nom inal rates for sterlin g exch ange
were 4 85% for sixty day and 4 88% for sight. T o-d a y ’s (F ri­
d ay’s) actual rates fo r sterling exch a n ge were 4 8510@4 8520
fo r lon g, 4 8790@4 88 fo r short and 4 8840@ l 8850 for cables.
C om m ercial on banks, 4 84% @ 4 84;%, and d ocu m en ts for
p aym en t, 4 84% @ 4 85%. C otton for paym en t, 4 84% @ 4 84%;
cotton for accep tan ce, 4 84% @ 4 84%, and grain for pay­
m ent, 4 85% @ 4 85%.
T o-d ay’s (F rid a y ’s) actu a l rates for Paris ban kers’ fran cs
were 5 18% f@ 5 18% fo r lon g and 5 15%*@5 15% f for short.
G erm any bankers’ m arks w ere 94% @94 15-16 fo r long and
95 7-16@95%f for short. A m sterdam bankers’ guilders were
40@40H fo r lon g and 40% @ 40% f[ for short.
E xchan ge at Paris on London to-day, 25 f. 17% o .; w eek ’s
range, 25 f. 18% c. high and 25 f. 17% c. low .
The w eek ’s range for exch ange rates fo llo w s :
-Cables-SAort-L o n g .Sterling Actual—
High... I 4 8525
•»4 8535 I 4 8820
Low.... 14 8510
® 4 8620 | 4 8790
Pari* Bankers’ Francs—
High... I 6 184
3 5 174*1 5 16«st
Dow.... |5 1 8V 3 5184 | 5 164*
Germany Bankers’ Marks—
High... I 94i«i«t'» 941*1* I
954t
Dow.... | 94T 3 941*16 |
g
95q6
Amsterdam Bankers’ Guilders—
High... | 40
3
40H I 40i*
Dow.... I 40
3
40 | 404t
Less: * iX oi 1%. t4s oi 1%.t
8
oi 1%.

® 4 8830 I 4 8870
3 4 88
| 4 8840

« 4 8880
-3 4 8850

3 5 153 I
*
3 5 1 5V I

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

3 954
3 954t

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

I
I

3 40V1 I
...........................
3 404
|
..........................
Plus: If he of 1%. ** Li of 1%.

The fo llo w in g w ere th e rates fo r d om estic e x ch a n g e on
New Y o rk at the u nd er-m en tion ed oities to -d a y : S avann ah ,
b u yin g 25c. per $1,000 d iscou n t, se llin g 37% o. per $1,000
p re m iu m ; C harleston , b u y in g par, sellin g 50c. per $1,000
prem ium ; N ew Orleans, bank, par; com m ercia l, 25o. per
$1,000 discount; C hioago, par; St. L ou is, 25c. per $1,000 pre­
m ium ; San F ranoisoo, par.
S t a t e a n d R a i l r o a d B o n d s . — Sales o f State bonds at the
Board are lim ited to $5,000 V irg in ia 6s deferred trust
receipts.
T he transactions in railw ay bonds have been m ore lim ite d
th an last w eek and the m arket narrow and w eak in t o n e .

STOCKS
W eek F a d in g J u n e

S ales

5

for

B ange

for Week

Bange since Jan. 1.

W eek

Allis-Chalmers Co.......... 2,121 10 J’ne
American Coal............... 166 199 J’ne
Amer Teleg & Cable...... 100 80 J’ne
Distil of Amer., pref...... 100 42 >3J’ne
76 99»4J’ne
General Chemical, pref..
50 964J’ne
Laolede Gas, pref...........
Nat Knam & Stamping.. 500 32 J’ne
Preferred..................... 100 89 J’ne
100 20 J’ne
N Y D o c k ............................
Preferred..................... 100 50 J’ne
N Y & N J Telephone... 100 1804J’ne
Pennsylvania rights...... 142266 1 J’ne
Philadelphia Co. (Pitts.) 300 824J’ne
Pittsh Ft Wayne & Chlo
10 186 4 J’ne
St L & San Fran stock tr
10 131 J’ne
ctfs lor C & E 1 1 pref..
1
United Fruit.................. 100 102 J’ne
T S Reduo <e Refining.. 100 31 J’ne
T
f
<J’ne
Weetinghonse rights_ 2,508 43
_

ne
14 J1
200 J’ne
80 J’ne
42 V ne
994J’ ne
904J’ne
32 J’ne
89 J’ ne
20 J’ ne
50 J’ne
160 4J’ ne
2 J’ ne
84«b ne
J’
186 V ne
131
102
31
5

2 10 J’ne 23 Feb
5 199 J’ne 200 Mar
4 80 May 92 Jan
3 424J’ne 42 4 J’ne
1 98®8Mar 101 Jan
95 Jan 110 Mar
304May 36 Mar
874May 93 Mar
20 Jan 31 Feb
49 Apr 57 Feb
1604J’ne 1654May
4Mar
1 J’ne 33
82 s4J’ne Ol^Msy
1864J’ne 191 Feb

J’ne 4 125 Apr 131 J’ne
J’ne X 102 May 1104Feb
J’ne 2 29 Mar 354Feb
J’ne 1
43
4J’ne 7 W ay

O utside Market,.— Dealings in the m arket fo r unlisted
securities have continued on a sm all scale this week, but
values generally have been m u ch low er. The leading feature
o f the trading was N orthern Securities. A fter declining on
M onday to 90%, this stock recovered, and on W ednesday
sold as high as 93% ; a reaction, how ever, set in on Thursday
and to-day 90% was rea ch ed ; the last sale was at 90%.
Dealings in C hicago R ock Island & P acific 5s (w . i.) were
transferred on Tuesday fro m the Curb to the B oard, the
bonds having been placed in the unlisted department o f
the Stock E xchange.
N ew Orleans R ailw ays preferred
to-day sold at 41, a drop o f 3% points from the last sale
on M onday.
M exican National 2d preferred (w . i.) sold
dow n from 31% to 28%. Standard Oil m oved irregularly
betw een 649 and 651; the close to-day was at 650
St.
Louis Transit declined 3% points to 20%. bu t on Thursday
recovered to 23%.
A m erican L igh t & T raction com m on
m oved up 6 points to 80, but ended the w eek 2 points low er
at 78. F uel Oil P ow er gained a point to 25%. International
M ercantile Marine issues have been very quiet. The c o m ­
m on sold at 7, tw o points b e lo w the last previous sale, and
the preferred lost 2% points to 25; there m ere no transactions
in the bonds. M arconi W ireless o f Canada declined from 6
to 4% . N orth A m erica n L um ber & Pulp fell 3%' points to
6. D ealings in copper stocks have been extrem ely light. A fte r
an advance o f % o f a poin t to 22, Greene Consolidated re­
a cted to-day to 21%. Tennessee sold off fr o m 29 to 27%, b u t
later recovered to 29%; the close to-day was at 28%,
Outside quotations w ill be fou n d on page 1242,

New York Stock Exchange— Stock Record, Daily, Weekly and Yearly
O CCU PYIN G
STO CK S— H IG H E S T A N D
S a tu rd a y
M ay 30

M onday
June 1

T u esd a y
June 2

L O W E S T S A L E P R IC E S
W ed n e s d a y
June 3

*32
34
*32
34
334
664
*153
6 6 % *6 3
654
73
7 l ? 8 733*
72
74 4
94
9434
94
94%
94%
8 6 % 88%
87
87%
87%
90
90% $ 9 1 %
§ 9 1 i4 91%
59
5 8 % 59%
5 7 t8 59 4
* 1 3 7 1 148
4
'1 3 7 4
* 1 3 7 4 148
150 150
*150 156
*150
1 2 1 % 1 2 3 7g 1 1 8 4 1 2 2
121%
*6 9
72
*67
68 4 * 6 8
*162% 168
*1 6 3
168
107
39
38 4 39
38% 40
2 7 4 2 7 7s
274
2734 2S
68
08
68
68 4 *68
*130
140
*1 3 0
20 4 20%
20 4
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T h u rsd a y
June 4

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62
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304 314
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3 3 4 33 4
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67
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55
564
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61
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31
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67
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i '25
190
144
244
44
35
86
115
184
62
27%
169%
245
29%
84
39%
134
26
74%
11
164
33%
67
55%
61
92
190

PAGES

STOCKS
N E W Y O R K STOCK
EXCHANGE

E r id a y
June 5

*32
35
3 3 4 ♦ 3 3 4 37
65
65
*6 4
664
654
6 9 % 71%
74%
714 734
9 2 % 94
95
9 4 4 94%
88%
87
884
85 4 86%
9 1 % $91
9 1 4 $89% 90
60%
5 8 % 59%
56% 58
13S
*1374148
*1374147
156
*150 156
'1 5 0
156
1 2 3 4 1 2 1 % 1 2 3 % 1 2 0 121%
71
67
67
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167
163
163
*165
170
40
39% 39 4
3 8 % 39
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26
26%
28%
70
68
68
*68
69

TW O

R a ilr o a d s .
\ n n A r b o r ...........................
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C e n tr a l o f N e w J e r s e y . . .
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D o p r e f ...........................
C h ic a g o % E a s t ’ ll I llin o is
D o p r e f...
C lu c a g o ‘G r e a t W e s t e r n ..
D o 4 p. c. d e b e n tu r e s
D o 5 p. c. p r e f. “ A ” ..
D o 4 p. c. p r e f. “ B ” ..
C h ic a g o M ilw . So S t. P a u l.
D o p r e f ...........................
C h ic a g o So N o r t h W e s te r n
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■
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G r e a t N o r t h e r n , p r e f ........

R a n g e fo r Y ea r 2 9 0 3
R a n g e fo r P / t n o u *
S a tes 01
On b a s is o f 1 0 0 -s h a r e Lots
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33 M a y2 3
6 4 M ay 19
69% J ’ne 5
92% J ’n e 5
8 5 % A p r 13
90 M ay 25
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124 J a n 8
145 J a n 10
1 1 8 % J ’ne 2
67 J ’ n e 4
163 J ’ n e 5
3 8 % J ’n e 1
26 J ’n e 5
67% M ay25
202 J a n 15
13 0 J a n 13
19% A p r 13
8 6% M a y 28
71 M ay 2 6
33 J ’n e 5
1 4 7 % .May25
175 M a y 2 5
171 M a y2 5
2 1 0 M a y 14
200 Jan 9
140 A p r 9
1 90 M a y l l
1 4 A p r 13
24 J ’n e 5
3 M ay 2 3
3 0 M a y 22
85% J ’n e 5
115 M a r 2 6
17% J ’ne 5
62 A p r 14
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16 1 A p r 14
2 4 0 A p r 13
2 8 % J ’ne 5
8 3 % A p r 13
37 A p r i l
13 M a y 2 5
25 % M ay25
72% J ’n e 5
10 % M a y 20
1 5 % J ’n e 5
3 1 % A p r 13
6 2 % A p r 13
4 7 % A p r 13
61 J ’ n e 1
8 5 A p r 15
55 A p r 15
1 89% M ay 2 6
77 M a r l 2
14 J ’n e 5
9 2 % J ’n e 5
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130% A p r 14
26% J ’ne 5
50 M a y 2 5
3 5 A p r 20
75% J ’ne 2
22 J ’n e 5
47% M ay29
3 3 % J a n 21
$55 A p r 23
35 J ’ n e 2
105 A p r 7
3 3 4 % Jan 5
65 J ’ n e 1
110% J ’n e 5
135% A p r 14
88 % J n e 5
127 A p r 17
2 2 % M ay 19
8 8 J a n 20
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102 M a y2 0
70 J ’ne 2
108 A p r 16
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109% J ’ ne 2
2*2% J ’ n e 5
50 J ’n e 5
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75
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51 J ’ ne 5
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$123% J* n o 0
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41 J a n 10
69 J a n 21
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103% J a n 10
104 J a n 9
96% F e b 11
7 1 % F e b 17
150 F e b 9
160 F e b 9
138% F e b 10
78% Jan 5
190 J a n 19
53 % J a n 19
37% Jan 5
73% Jan 7
2 1 0 Fete 5
1 38% J a n 29
29% Jan 9
9 0 % J a n 13
85% Jan 9
46% F eb 5
1 83% J a n 7
194% J a n 9
2 2 4 % J a n 14
250 J an 8
’ 00% Jan 9
162 J a n 21
194 J a n 5
19% Jan 9
3 6 a an 8
17 % J a n 12
50 % J a n 14
99% Jan 6
119 J a n 27
3 1 % J a n 10
72 Jan 9
48 Jan 8
183% F eb 2
276% Jan 8
43 F e b 9
90% F eb 9
47% Jan 8
20% Jan 2
3 9 % Jan 2
90 Jan 6
1 9 % F e b 16
2 9 % F e b 16
42% Jan 9
74 F e b 5
64% F e b 5
72% Jan 8
91 J a n 8
74% F e b 24
20 9 J a n 22
So J a n 9
2 7 ^ Jan 5
106% F e b 2 0
99% M ar 2
151 J a n 10
4 8 J a n 12
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82 % F e b 26
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4 0 M a r lO
$55 A p r 23
53 Jan 8
118 F e b 6
334% J an 5
83 J a n 7
130% Jan 8
155 % J a n 14
128% J a n 6
142% J a n 6
38 J a n 8
8 8 J a n 20
29
M a r2 3
135 J a n 15
110 J a n 9
118 F e b 2 7
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30% J an 5
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1 15% F e b 10
114
F e b 16
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156 J a n 10
45 J a n 7
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87 J a n 19
225% Jan 9
35% F e b 5
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76 J a n 28
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39 J a n 8
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15
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deli. o ff. R
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96
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99
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8 ,6 5 2
1 3 4 4 135 % 1 3 4 4 1 3 5 %
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27
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51
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25
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25
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33 F e b
63 J a n
74% Jan
95% Jan
92% D ec
92
D ec
54% N o v
110 A p r
139 A p r
112% Jan
71 D e c
165 N o v
42% D ec
29% D ec
68 N o v
134% J a n
1 3 6 % S ep
22 D ec
89% N ov
81% D ec
33 D e c
160% Jan
186 Jan
204% Jan
230 Jan
152 J a n
140
F eb
194 % N o v
15
D ec
29
D ec
10% J a n
44% M ar
93 N ov
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1 4% Jan
59 % Jan
28 Jan
153% N ov
231
N ov
35 % D e c
86 % D ec
35
D ec
13 F e b
26 D e c
75 J ’ ne
10 Jan
1 8 % Jan
28% D ec
60 % D e c
41% D ec
5 0 M ar
82 M ay
30 Jan
181% M ar
70 J a n
9 Jan
66 Jan
81 % Jan
137 J a n
35% D ec
65 N o v
3 3 % Jan
75 D ec
19 J a n
44 Jan
13 J a n
45 J a n
40 D ec
1 20 O ct
32 5 A p r
72% N ov
1 0 2 % Jan
1 28 M ar
1 0 9 % M ay
135 O ct
35 D e c
89 M ar
20% D ec
3 1 5 0 M ar
105 Jan
1 1 8 % Jan
3 6 % J an
9 0 Jan
22% D ec
51 Jan
96% M ar
80 J a n
c 14 D ec
31% D e c
147 N ov
40 N o v
110% N ov
8 0 N ov
2 0 9 % J an
25% D e c
55 Jan
90 F eb
65 D e c
1 00% J an
72% D e c
147 J a n
30 N o v
71 F e b
8 0 Mn\
8 0% Jan
113 M a r
5 2 % M ar
79% M ar
60 Jan
33% D ec
71 N ov
64% D ec
10 D e c
49% D e c
24% N ov

4 8% M a y
7 7 % M ay
9 6 % S ep
106 % s e p
1 1 8 % S ep
99
S ep
7 2 % J ’ ly
128 A u g
145
sep
1 45% S ep
97
M ay
198 J a n
5 7 % S ep
4 5 % J ’ly
79 J ’l y
220% J ’ ly
151 J ’ly
35 A u g
95% J ’ne
90% J ’ n e
51 % A u g
198% S ep
2 0 0 % S ep
271 A p r
274% A p r
2 06 S ep
170% A p r
2 10 A p r
24% A u g
4 4 S ep
23 A p r
60 A p r
103% A u g
1 2 4 % S ep
3 5 % J ’ ly
79% A ug
5 3 % S ep '
184% Jan
2 97 F e b
51% A u g
96% A u g
5 3 % J ’ ly
25
S ep
48 % S ep
97
S ep
24 A u g
35 % A p r
44% Jan
75% J a n
63% J a n
74% M ar
104% F e b
67% D ec
203 D e c
9 0 .May
29% O ct
106 A u g
98% D eo
173% A u g
51% A u g
90% A p r
50% A u g
88 A u g
39 A u g
62% A p r
41
S ep
84 A p r
71% Jan
138 F e b
34 0 A p r
9 1 % M ay
159% A ug
158 N o v
1 3 4 % J ’ ly
17 4 F e b
43 J a n
91% M a r
3 1 % M ar
192 A p r
115 A p r
127% A p r
84 N ov
139 S ep
35% S ep
69% S ep
125% S ep
122 A p r
21% S ep
4 5 % M ar
168% J a n
57% A ug
124% J a n
100 A u g
25 5 A p r
3 7 % S ep
80% O c t
9 8 J ’ly
8 1 % S ep
106 M a r
84% S ep
170 S ep
47% A pr
85 % S ep
93
S ep
105% S ep
128 M ay
7 8 % S ep
90 % S ep
8 0 % S ep
50% D ec
85% N ov
125 A p r
24 % A u g
8 1 % S ep
42
S ep

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks

Bank*
: NEW Y O R K
A m e r ic a "1 . . .
A m e r E x c h ..
A s t o r .............
.B ow ery * ___
B u t c l i ’ s So D r
C e n t r a l ..........
C e n t u r y T;___
C h a s e ............
C h a t h a m ___
C h e ls e a E x c !
C h e m i c a l ___
C it iz e n s ’ ........

B id
540
245
750
370
150
165
175
700
340

A sk
550
255
1000
390
165
170

C i t y ................
C o lo n ia l* ! . . .
C o lu m b ia n ..
C o m m e r c e ...
C o n s o lid a te d
C’ r n E x c h g e '
E a s t R iv e r ..
E q u it a b le . . .
F e d e r a l If___
F id e lit y * .___
360
F ift h A v e l ..
4225 4 3 2 5 F ift h ...............
185
195 | F ir s t ................

B id
1289
40 5
375
1324
190
t401 %
160
t9 0
80
190
3700
375
725

A sk j
B anks
t2 9 0 14 th S t r e e t s .
F o u r t h ..........
G a l l a t i n ........
i 330 G a n sevoorC i
G a r f i e l d ........
196
G e rm a n Am *
G e rm a n E x!]
G erm a n ia !] .
G r e e n w ic h !j
100
H a m ilto n ^ ..
200
4U00 H a n o v e r ........
Im n So T r a d .
t r v i n g ..........
750

B id
270
i 225
415
140
500
160
400
625
5300
170
590
650
235

A sk
300
430
i? 6
310
610
>10
250

Banks
J e ff e r s o n !]-- .
L e a th e r M tr .
L ib e r t y ........
L in c o ln ..........
M a n h a tta n *,.
M a r k e t So Fill
M e c h a n ic s ’ .
M e c ii So T ra!,
M e r c a n tile ..
M erch E x ch .
M e r c h a n ts ’ ..
M e tr o n new *
M t M o r r is ! ..

B id
155
310
625
1 0 50
335
250
275
150
285
165
175
400
225

A sk
165
34 0
675
___ _
345
26 0
285
160
30 0
1 .5
185
500
25 0

Banks
M u tu a l!]........
N a ssa u !) ___
N e w A m ste r
N e w Y o r k Co
N Y N at E x.
N e w Y o r k . ..
19 th W a r d !,.
N orth A m er.
N o r t h e r n ___
O r ie n ta l!!___
P a cific* ........
P a r k ( n e w ) ..
P e o p le ’ s^!___

B id
290
195
54 0
1 500
25 0
30 5
150
22 0
150
245
240
475
28 0

A sk

B anks

P lien i x ..........
P la z a * !............
205
P rod E x c h !].
570
......... R iv e r s id e !' ..
S e a b o a rd ___
S e c o n d ..........
315
______ S h oetfc L e tli.
State* ............
227
3 4 th S t r e e t ..
160
1 2 th W a rd !]255
2 3 d W a r d !;..
U n it e d ............
485
V a n c k H........
300

B id
11 5
600
170
29 0
62 5
650
170
700
2 15
120
125
12 0
200

ash

1122
|
..........
L ........
31 0
675
..........
1190
..........
225
130
..........
127
i*220

i
* B id a n d a s k e d p r ic e s : n o sa le s w e r e aia is o n tin s uav. ? ij“ ss tana id j snares, i .i x nguGs. * Scace oanits. a Ex dividend and rights, 0 2 sew stock,
c Includes, prior to May 17, dealings in old M e x . Nat. trust receipts.
t S a le a t S t o c k E x c h a n g e o r a t a u c tio n th is w e e i . i f r u i t C j . certificates.

Stock Record—

J un e 6, 1903.]
S TO C K S — H J O H K S T
M onday
June 1

S a tu r d a y
M a y :iu

•db
*75
04 *4
20
44
484
254
00

I

71
81
044
20
44
494
264
90 4

A M ) LOW EST SALE

J itesd a y
June 2
em u

*75

04 4
194
43 4
49 4
254
894

72 4
s\>
04 4
20
444
514
204
90

F R IC K S

W ed n e s d a y ] T h u r s d a y 1
June i
June 3
(Z73
"7 4
65
19 4
414
50 4
264
8 9 34

734
73 4
•74
80
65 ] 6 1 4
*18
20
394
444
5 1 78
49 4
2 0 34
254
89
90

!►
Kl

7 1 4 S t. L o u is <fc San F r a i l ........
I)o 1st p r e f ..................
l) o 2 d p r e f ....................
944
s t . L o u is S o u t h w e s t e r n ..
17
Do p r e f ...........................
40
S o u th e r n p a c if ic C o ..........
50
25 4 s o u t h e r n v .i r . c fs . stm p e d
l) o p r e f.
do
88 4
M . cfc O. s t o c k t r. c t f s . . .
P a c if i c ...............
28
304 T exan
5113
113
I h u d A v e n u e (N . Y ,)...|
2 7 4 2 7 4 T o le d o R a ilw a y s A; L igh t
21
*1
roL m . L A w . v. «r. ot 1 D o p r e f. v o t . tr. o tfs .
40
40
93
9 5 4 Tw in C ity R a p id T r a n s it .
D o p r e f ...........................
[ m o il P a c ific .....................
794 814
87
87 4 vJ l) o p r o f ...........................
1 5 4 15 4 U n it R y s l n v ’ t o i S a n F ra n
l ) o p r e f ...........................
2 4 4 25 4 \\ 7a b a s h ...............................
43
45
» ’ D o p r e f .........................
22
22 4 W h e e lin g ct L a k e E r i e . . .
D o 1 st p r e f ...................
5 7 4 58
314 314
D o 2 d p r e f ...................
W is c o n s in C e n t. v . tr. c fs
1 9 4 20
D o p re f. v o t. tr . o tfs .
404 414
I n d u s t r ia l A : H i s c e l l
2 2 1 221
4 d a m s E x p r o M ...............
m a lg a m a te d C o p p e r ...
51
54 4
39
3 9 4 A m e r ic a n C ar A: F o u n d r y
D o p r e f ...........................
87 4 8 7 4
35
35
A m e r ic a n C o tto n O il........
*90
96
l ) o p r e f ...........................
A m e r ic a n D is t.T e le g r a p h
"2 9
35
519 1 195
A m e r ic a n E x p r e s s .............
9
9
A m e r ic a n G r a s s T w i n e ..
*5
6
A m e r H id e <fc L e a th e r —
D e p r e f ...........................
* .......... 2 7 4
7**
6% A m e r ic a n I c e .......................
D o p r e f ...........................
31
314
10
1 0 4 A m e r ic a n L in s e e d ..............
35
37
D o p r e f ...........................
2 0 4 2 1 4 A m e r ic a n L o c o m o t i v e .. .
D o p r e f ...........................
9 0 4 90 4
*24
3 4 A m e r ic a n M a lt in g ..............
*18
20
D o p r e f ...........................
45 4 4 6 4 A m e r . S m e lt ’ g<& R e liu ’ g .
93 4 94
D o p r e f ...........................
* .......... 120
A m e r ic a n S n u rt...................
*88
934
D o p r e f ...........................
* 1 1 6 4 1 1 8 4 A m e r ic a n S u g a r R e fin in g
D o p r e f ...........................
*118 118
150
150
A m e r . T e le p h . As T e l e g . . .
11
11
A m e r ic a n W o o le n ..............
*72*
78
D o p ref
85
86
A n a c o n d a C o p p e r ................
$ 2 0 0 4 2 0 0 4 | > r o o k ly n U n io n G a s ___
I )r iin s w . D ock < $ C .I m p ’ i
*48
52
B u t te r ic k C o ..
6 4 4 96
/ C olorado F u e l < I r o n . . .
fe
\ j D o p r e f.
15
1 5 4 C ol. «fc H o c k . C oal
Iro n
192
195
C o n s o ln la te d G a s (N . Y .)1 1 1 4 1 1 L 4 C o n t in e n t a l T o b a c c o , p re i
C o rn P r o d u c t s .....................
2 3 4 29
D o p r e f ...........................
78 4 7 8 4
$ 1 3 3 4 1 3 3 4 D ia m o n d M a t c h ................
* 2 6 4 28
D is tille r s S e c u r it ’ s C orp.
175
179
G e n e r a l E l e c t r i c .................
1 5 4 1 5 4 I n te r n a tio n a l P a p e r ........
69
6 9 4 1 D o p r e f ...........................
3 8 4 40 4 I n t e r n a t io n a l P o w e r
3 9 4 3 9 4 I n t e r n a t ’ l S tea m P u m p ..
*78
82
D o p r e f ..................... * ...
*10
12
M a n h a tta n R ea ch
* 3 9 4 3 9 4 VT a tio n a l B i s c u i t ..............
1^ D o p r e f ...........................
* 1 0 0 4 102
16
1 6 4 N a tio n a l L e a d .......................
86
86 4
D o p r e f ...........................
154
156
N e w Y o r k A ir B r a k e ........
88
89 4 N o r th A m e r ic a n C o., n ew
26
26 4 1 > a cific M a il.........................
9 8 4 99 4 i. e o p . Gas-L.<fc C. (C h ic .)
DO
OO
P re sse d S te e l C a r ...............
D o p r e r ...........................
87 4 8 7 4
*205
211
P u llm a n C o m p a n y ..............
2 9 4 30
1 > a ilw a y S te e l S p r in g ...
*85
87
I V D o p r e f ...........................
14*4 15
R e p u b lic I r o n
S te e l. . .
75
75 4
D o p r e f ...........................
23 4 2 3 4 R u b b e r G o o d s M f g ..............
D o p r e f ...........................
x 77
784
4 2 4 44
O lo ss -S h e llie ld S t. & Iron
O D o p r e f..
S ta n d a rd R o p e A :T w i n e ..
*3 4
4
50
5 3 4 P en n . C o a l, i r o n A; R R . . .
T e x a s P a c ific L a n d T ru s t
*32 4 38
] m o n B a g <& P a p e r ........
9
94
U D o p r e r .......................
70
70
IT S C ast 1 P in es.- h'min
......................
D o p r e f ........................
U n ite d S ta te s E x p r e s s . . .
108
111
84
S 4 U n ite d S ta te s L e a t h e r ...
D o p r e f ...........................
8 9 4 8 9 34
1 7 4 19
U S R e a lty A: C o n s t r u c t io n
D o p r e f ...........................
64
64 4
U n ite d S ta te s R u b b e r ___
1 3 4 14
D o p r e f ...........................
47 4 4 7 4
31
3 1 4 U n ite d S ta te s S t e e l............
D o p r e f ...........................
304 814
V ir g in ia -C a r o lin a O h e m ..
56
57
D o p r e f ...........................
118
1184
V ir g in ia I r o n C o a l Ac C o k e
27
27
V u lc a n D e t in n in g ..............
D o p r e f ........
W J ells, F a r g o As C o ........
195
195
' 7 e s t’ n U n io n T e le ’ gph
8 3 4 84
*180
190
W e s t ’ g lT se E l AsM1g a ssen
D o 1st p r e f....................
*IS 0
190

17
17
17
*15
17
17
* 1 0 4 17
196
1 9 9 4 1 9 8 4 1 9 9 4 195 4 1 9 8
105 4 196
112 4 *11 1 4 1 1 2
1 1 1 4 1 1 1 3, I I I 4 I H 34 112
2878 2 9 34
2 8 7e 2 0 4
29
294
294 294
79
79
80
*77
80
79
79
*7 8
135
13 4
*1 3 0
*134
137
*130 135
*1 3 2
27
273, $ 2 7 4 2 7 4
27
27
2 6 34 2 7 4
181
181
1814
1 8 1 4 1 8 1 4 179
ISO 4 1*1
1 5 4 19
17
*10
1 6 4 1 6 4 • 1 6 4 17
70
6 9 4 70
70
$704 704
$704 704
43
39
39
*39
39
404
40
40
40
40
*38
*3 9
404
"3 8
80
*78
81
79
79
*78
*78
82
13
*11
13
*11
13
*1 1
13
*11
39
40
*39
394 404
39 4 3 9 4
394
101
101
*984104
104
*99
*10041014
16
1 6 4 16*4
16
164
1 6 4 164
164
86 4 8 6 4 *8 6 4 89
80 4 8 6 4
8 5 4 85 4
*
157
156
1 5 6 4 157
1594
1 5 8 4 *155
92
9 0 4 02
90 4 9 0 4
92 4
894 904
27
26
26
274
2 7 4 274
2 6 4 27 4
9934 10 0 4
99 4 1 0 0 ^
99 4 9 9 4
98*8 1 0 0 4
55 4 5 6 4
55 4 5 5 4
56 4 5 6 4
55 4 56
88
88
88
88
88
87 4 87 4
$8 8
210
210
2 12
*205
$206 209
*206
212
3 0 34 3 0 4 * 3 0 4 31
304 304
30 4 3 0 4
87
87
85 4 85 4 *85
85 4 8 5 4 *85
15
1 4 78 16
15
15 4 1 5 4
144 154
7 4 4 7 5 4 *7 5 4 76
* 7 4 4 75 4
75 4 75 4
2 4 7e 2 4 4
2 3 4 24*4
23 4 2 5 4
2 3 4 234
80
80
*77
80
*78
80
79
79
4 1 4 46
44
444
42 4 47 4
4 1 4 43
88
88
88
bS
4
43 b
"4
5
44
44
*34
44
544 554
53
55
53 4 55 4
5 4 4 55
38
*35
38
*3 2 4 38
*32 4 38
*324
"9
"9
10
11
1 0 4 1 0 34
* 9 4 11
72
72
70
70
*70
..........
*69
*68
.......... .........
■*110 1 2 0
* 1 LO 1 2 0
*110
120
*1 1 1
120
8
7*4
84
94
84
94
10 4
84
8 8 78 9 0 4
90
904
87 4 90
8 8 4 9 3 34
18
184
1 7 4 17 4
174 184
1 7 4 184
62
63
63
63
63 4 65
$ 62 4 92 4
1 4 34 * 1 4
15
14
"1 4
15
14 4
144
*4 9
52
49 4 50
48
48
* 4 8 4 52
314
31
31*4 3 2 4
3 1 4 32 4
304 314
814 824
814 824
80 4 8 1 4
8 0 4 81
55
58
584
57 4 5 3
57 4
5 6 4 57 34
1194120
* 1 1 8 123
118
119
* 1 J8 121
29
29
*28
33
*2 9
33
28
28
28
28
2 74 274
*105 220
$200 200
$ 1 9 6 4 200
$200 200
8 3 7q 8 4 4
8 4 4 84 4
8 3 4 8 3 7*
8 3 4 84 4
+
L89
187
1S8
*180
188
1 .8 7 4 189
190
192
*180
*180 18 8
*180
188
* ..........

80

*2.500
3,1 Ou
2.UOU
6 ,2 7 b
1 0 4 .9 0 1
2 4 ,5 0 0
1 ,987
......
I9 ,9 7 u
IOC
950
1,0«)O
2 ,1 G»
6 7 ,9 5 c
100
2 3 1 ,0 9 5
2 ,1 6 3
90d
l,5 o 0
6 ,9 0 0
4 3 ,0 5 0
1,2 Ld
1 ,1 0 0
400
6 ,8 3 6
3 ,2 0 o

6 3 4 A p r 14
78 A p r U
6 2 4 J 'n o 5
1.» ,i 11<
■
3 7 4 3 ne •
•
4 8 4 J ’no 1
24 4 J ’ n e 5
■ " b . l i i '' 9 3 A p r 29
28 J n e 5
1 1 7 4 A p r 17
26 J ’n e 2
2 0 4 .r 11e
38 M ay 2 5
8 7 4 .J ’ n e 2
155 .J’ n e 2
to 7 J ’ne 5
8
87 J ’ n e 6
15 J ’ n e 4
19 J ’ n e 4
2 4 4 A p r 14
4 2 4 A p r 14
21 A p r 13
51 A p r 3
3 0 4 A p r 13
1 9 4 J ’no 5
404 J ne 5

9 0 4 Fe 1)241 5 5 4
88
F e b 20
77
65 4
78 F e b 24
3 0 J a n » 24 4
6 6 J a n 7) 6;>4
68 4 M a r 191 5 6
3 6 4 Jan 9 28
96
F e b 9| 89 b
9 6 4 M a r 3| 9 0
37
4 3 4 F e b lc
l 2 8 7HJ a n 2, 122
32 4
3 7 4 Jan l *
18 4
3 1 4 J a il 9
48 .Ian 8 3 d
122 4 J a n 23] 107
159 J a n I 2 i 1 5 6 4
1 0 4 4 Jan 9 93 4
95 4 F e b 111 8 6 4
2 2 4 J a n 13 2 0
6 4 4 J a n o| 60
3 2 4 F eb27| 1 2 1 4
55 4 F o b 2 4 1 37
27 4 F e b 9
17
6 2 M ay 2 2 11 4 9 4
38 4 F e b 10 | 2 8
29 4 F e b 9 19 4
55 4 F e b 6 39 4

lO o $ 2 0 4 J a n 30 23 5
F e b 11
3 2 0 ,7 1 0 51 J ’ n e 5 75*4 M a r l2
4,30«
3 5 78 J a n 3 4 1 4 J a n 19
1 ,4 6 6 8 7 4 J ’ n e 4 9 3 J a n 6
7oi» 3 3 4 M a y 21 4 6 4 F e b 20
. . . . . . 92 M a y l 5 98
F e b 13
.....
3 0 M ay 20 4 1 4 J a n 2
25 t $ 1 9 1 J ’ n e 5 235
F eb 5
200
9 J ’ u<
29 4 J a n T
......
5 4 M ay29 1 1 4 J a n 2
2 8 M ay 15 3 7 4 J a n 0
3 ,0 8 5
5 4 M a rlO 11*4 J a n 2
3 1 0 2 6 M a r lO 4 2 4 J a n 30
350
9 7e M a y 29 1 9 4 J a n 6
600 3 5 J ’ n e 5 4 8 4 J a n 6
9 ,1 0 0 2 0 M ay 20 31*4 F e b 17
1 ,3 0 0 9 0 J ’ n e 2 9 5 4 F e b 17
4u 0
2 4 M a rlO
5 4 F e b 26
i) 2 D 17 4 M ay 15 2 4 4 J a n 10
1 8 ,8 0 o 4 2 4 J a n 3 5 2 7s F e b 17
1 ,9 7 9 9 1 4 A p r 13 9 9 4 F e b 16
•••••• 1 2 2 4 A p r 27 12 6 M a r 4
100 90 4 M a y 22 9 8 4 J a il 20
5 3 ,2 9 5 1 1 6 4 J ’ n e 5 134*4 J a n 8
30 0 118 J ’ n e 5 122 F e b 13
4U0 150 J ’ n e o 169
F e b 18
2 00 11
J’ n e 5 1 4 4 F e b 25
7 6 4 A p r 13 8 0 ’ J a n 31
5 ,0 9 0 8 5 M a y 2 8 1 2 5 4 F e b 25
1 ,1 2 5 20 3 M a y 20 2 25
J a n 21
85U
7 7e J ’ n e 4 1 5 4 .Tan 29
49
M a r 2 55 J a n 6
9 ,0 0 5 5 4 A p r 3 8 2 4 J a n 0
122 J a n 3 122 J a n 3
7 0 0 15 J ’ n e 6 2 2 4 F e b IS
8 ,2 73 192 .J’ n e 5 2 22
Jan 7
1 ,0 0 0 110 M ay 21 119 J a n 2
3 ,8 1 8 2 8 \ J ’ n o 5 35
M ar_3
4 3 8 7 8 4 J ’ n e 5 85 4 J a n 19
10 ; i 3 3 4 J ’ n o 5 140 J a n 19
1, l o S 2 6 4 M ay *21 3 4 4 J a n 6
6 ,7 8 3 175 J ’ n e 5 2 0 4
F e b 16
1 ,0 0 0 15 A p r 13 1 9 4 J a n 5
1 ,6 6 1 6 9 J ’ n e 5 7 4 U F e b 6
2,U0u 3 8 4 J u e 5 7 3 J a n 19
2 00 3 9 ' M a y 2 8 4 6 4 M ay 8
100 7 8 M a y 2 9 89 4 J a n 12
11
J a n t 13 M ay 13
2 ,4 5 5 3 9 J ’ n e 3 4 7 4 F e b 17
100 101 J ’ n e 3 1 0 6 4 M ay 11
4 ,7 0 0 1 6 J ’ n e 2 2 9 4 F e b 5
5 6 4 8 5 4 M a y2 9 95
F e b 10
1 ,1 7 0 15 4 J ’ n ’e 5 177 J a n 2
2 ,4 3 0 8 8 M ay 2 8 1 2 4 4 J a n 7
2,8oU 26 J ’ n e 2 4 2 4 J a n 7
1 6 ,4 7 5 9 8 4 J ’ n e 5 1 0 8 4 E e b lO
1 ,915 55 J ’ n e 5 6 5 4 J a il 26
8 1 6 8 7 4 J ’ n e 5 9 5 F e b 20
1 7 ‘J 2 0 9 4 M ay28 2 3 5 4 J a n 14
8 50 2 8 4 M ay25 37 F e b 9
2 0 0 80 M ay 14 9 0 F e b 25
6 ,2 2 5 1 4 50 j ’ n e 5 2 2 4 F e b l c
9 00 7 4 4 M a y 29 8 0 4 F e b l 8
3 ,8 1 1 2 1 4 J a n 5 3 0 F e b 16
6 1 / 7 2 4 J a n 2 84 4 F e b 17
9 ,2 4 0 41 4 J ’ u e 2 72
F e b 25
2 20 8 7 M a y 2 8 97 4 F e b 18
470
4 M ay 2 d
6 4 F e b 11
l 8 , l i . 5 5 0 J ’ n e 6 6 8 4 M a r2 1
.......... 32®g 51 ay 2 a 4 0 4 J a n 7
5 00
9 M a y l 6 15 J a n 19
350 68 M a y l 4 7 9 4 J a n 8

53
1 284
| 85 4
1 30 4
| 86
32 4
210
| 27
| 84
34
94
32
14
39 4
23 4
89
5
21
37
87 4

Jan
*5 4 J ’ ly
Di e | 9 0 J ’ ly
D ec so*L J ’ ly
A
D ec 3 3
M a i 80 S e p
D e c 8 L4 S ep
D *c 4 TV A u g
D ec 9 8 4 A p r
N ov
Ma> 9 3
D ec 5 4 4 » e p
F eb
J a n 134
N ov 3 8 S ep
J an
3 3 4 O ct
Jan
4 9 4 S ep
J a u 129 A ug
A ug 159 4 F e b
D ec 1 1 3 4 A ug
M ar 9 5
Aug
D e c 2 4 7e O c t
D ec 66 N ov
38*4 s«*p
Jan
D ec 0 4 4
3 0 4 S ep
Jau
66 A p r
J an
4 2 ;,8 S ep
Jau
31 A u g
Jan
Jan
5 7 4 Aug

►■5

K
O
3
M
»
M

1204122

•119
121
*145
150
"5
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78
86
89 4
204
206
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8
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52
66
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1235

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g.
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228
52
5 6 7b
3 6 4 37
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34
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94
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*192
200
* .......... 10
*5
6
* .......... 2 8
74
84
* 3 1 4 33
*9
13
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45
23 4 2 3 4
$91
914
*24
44
18
18
4 5 4 47 4
94
94
*■..........120
*88
934

2

R a n g e fo r i'r e v i o m
A a n g e fo r Y ea r JHO.J
Ha tes 01
On Oasts 0 /J u O -sh a re Lots]
Yea r ( lUOU)
th e
(
W eek,
11 i t/fiest
JyOioesL
L ow est
I H Ldhest
S h a res

STOCK>
N E W Y O R K STOCK
EXCHANGE

KYtdii y
June 0

7 3 41 i l l l
81
*7-1
65
624
20
15
444
374
484
51
214
264
90
88 4

30
3 1 4 31 *4
30 4 3 0 4
30 4 3 0 4
314
*117
120
•117
122
'1 1 8
L20
*118
121
20
27
2 8 4 2 8 4 * ___ 2 9 4
28
284
20 4 2 0 4
21
214
20 4 22 4
2 1 4 22 4
40
414 414
414 424
4 0 1 41
4
40 4
95 4 98
10 0 H l o t
.>
8 7 4 lo o
9 3 4 08
*150 159
155
155
*155
159
8 1 4 834
814 834
82 7a 84 4
81 'a 83
88
88 4
88 4 88 4 $88 4 8 S 4
88 4 8 8 4
15
154
1 .;
10
154 154
164 104
49
514
5 0 l4 0 3
5 0 4 5 1 3h
5 1 4 51 4
2 4 78 25 7„
254 254
25
26*4 2 6 4
25 4
43
45 4
44 4 4 6 4
44 4 4 3 4
433 b 4 4 4
*•22
23
23
23
23
23 4
2 2 4 23
59 4
59
60
*57
59
58
5 8 4 59
35
35
35
35 4
*35
36
* 3 1 4 36
20
21
20*4 21
104 204
20 4 20 4
43
43
4 1 4 42 4
414 424
414 424
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230
•221 2 2 6
*221
280
56
584
57 4 58 4
55 4 5 7 4
37
37
374
30
3 0 l4 37
89
89
8 8 34 8 9
88 4 8 8 4
34
"3 3
35
34
34
34
95
*9 0
9 3 4 *90
93 4 *90
35
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35
•29
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♦29
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195
195
$ 2 0 1 20 5
*
« .......... 10
94
94
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0
*54
* .......... 28
9
84
84
0
84
84
33
33
34
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$33 4 33 4
10
10
13
*9
13
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*35
42
" 4 0 4 42
22
23
22 4 23
2 1 4 22 4
91
91
90
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9 0 4 91
3
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1 7 4 17 4 * 1 7
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48
48
48
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4 7 4 4 7 34
94
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944
94
94 4 9 4 4
*
* .......... 1 2 0
1 20
120
*1 1 0
93
93
*88
934
9 3 4 •88
121
1 2 2 4 1 2 1 34 123
12 0 4 123
'1 1 9
121
1 20
120
120
12 0
150
*151
*150
156
1 5 0 4 151
*
13
*5
12
* 1 0 4 13
80
*73
78
*75
78
•75
87
87
86 4 88
8 6 4 90 4
2 05
205
208
205
*203 208
8
8
8
8
52
*48
52
*48
52
*48
6 0 34 6 7 4
654 604
6 6 4 674

Concluded—Page

N ov
A pr
Jau
Jan
F eb
Jau
Jan
D ec
D ec
D ec
J ’ ly
J ’ ly
D ec
D ec
D ec
Jan
Jan
Jan
N ov
N ov
4 0 4 Jan
85
Jan
11 3 N o v
115 Jan
1 6 0 4 Jan
12
D ec
73 A p r
80 D ec
2 1 0 Jan
7 7g D e c
41 " J ’ ne
7 3 4 Aug
$ 1 3 0 Jan
14 4 J a n
2U5 D e c
114 D e c
26*4 D ee
794
130 4 J a n
27
D ec
01704 O ct
16 4 D e c
70
D ec
49
D ec
40
D ec
82
D ec
9 O ct
40 N ov
1 0 1 4 D ec
15 4 J a n
7 8 4 Jan
118 M a r
88 Jan
37 N o v
9 8 4 Jan
39
Jan
8 2 4 F eb
21 5 J a n
24 A p r
80 A p r
1 5 4 Jan
68 J a n
1 7 4 F eb
63
J ’ly
2 9 4 J au
80 4 Ma\
4 * Jan
49 4 D ec
35 Jan
1 1 4 N ov
72 J a n
ln v » Mm42
M ay
97 Jan
1 0 4 D ec
7 9 4 Jan
20 N ov
6 4 4 N ov
14 Jan
49 4 D e c
29*4 D ec
79 D e c
54
D ec
120 D e c

50 A p r2 1
55 F e b 25
6 00 108 J ’ n e 5 1 5 0 4 F e b 4
3 4 .2 7 0
7 4 J ’ n e 2 15*4 F e b 11
2 7 ,2 1 5 8 7 4 J ’ n e 2 9 6 4 M a y l 2
7 ,7 2 0 1 7 4 M a y2 9 2 8 4 J a n 2
1 ,7 8 0 62 M a y 2 5 73 J a n 2
1,UU0 1 3 4 J ’ n e 5 1 9 4 F e b lO
4 35 4 7 4 J ’ u e 5 5 8
F e b lO
100,41b 3 0 4 M a y 25 39 7e F e b 5
2 8 ,8 5 8 8 0 M ay 2 5 8 9 4 J a n 7
6 ,6 4 0 55 J ’ n e 1 66*4 F e b 19
85 0 118 J ’ n e 2 1 2 8 4 F e b 18
100 27 J ’ n e 5 39 78 F e b 25
1,000 2 7 4 J ’ n e 4 3 3 4 J a n 9 2 9 4
7 8 4 A p r 13 S I J a n 19| 7 8 4
2 8 0 195 J ’ n e 5 2 4 9 4 F e b 6 1$ 1 8 5
1 ,6 4 0 8 1 4 M a y 25 9 3 J a n 14 8 4 4
700 187 J H e 2 221 .Tan 7 1 6 9 4
195 A p r 15 2 24 J a il 71 ISO

$240 O ct
79 F e b
3 7 4 O ct
9 3 4 O ct
574 A pr
99 4 A p r
4 2 4 M ay
26 5
Aug
62 4 A u g
1 3 4 O ct
4 3 4 S ep
3 1 4 Jan
67 J a n
28 A p r
5 8 M ar
3G78 A p r
1004 A pr
7 4 M ay
2 9 S ep
4 9 4 M uy
l o o S jJ ’ ue
135 O c t
101 O c t
1 3 5 4 M ar
12 2 A u g
186 A p r
1 7 4 Jan
8 0 4 S en
146 F e b
25 3 A u g
1 4 4 Aj>r
53 ~ S ep
1104 A pr
$ 140 M ar
2 4 4 O ct
2304 Apr
1 2 6 4 J ’ ne
3 8 3e M a r
90
M ar
1 3 9 4 Jan
33
D ec
334 A p r
2 3 4 M ar
7 7 4 Jan
19 9 A p r
5 7 4 M ar
95
O ct
19 A p r
5 3 4 M ar
109 4 A p r
32
S ep
96
O ct
196 A p r
134 S ep
4 9 4 M ar
1 0 9 4 S ep
63 4 O c t
96 4 O c t
250 A p r
3 8 4 S ep
90 4 O c t
2 4 4 S ep
8 3 4 S ep
2 5 4 A pr
7 4 4 M ar
8 3 S ep
95 4 S ep
8 4 A pr
74 4 A pr
44 4 F e b
184 A pr
85 A p r
17 O c t
5 9 S ep
160 A u g
1 5 4 S ep
9 1 4 S ep
32
O ct
75 4 O c t
1 9 4 O ct
64 M ar
4 6 4 Jan
9 7 4 Jan
7 6 4 A pr
1 3 4 4 S ep

N ov 3 3 4
O ct
814
Jan $ 2 5 5
J ’ ly 9 7 4
Jan 233
Jan 2 3 4

N ov
D ec
Aug
Aug
S ep
A pr

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
B anks
W a sh . H ’ litsl
W e s t S id e li. .
W e s te r n uew
Y ork v ille ^ .

A sk
B id
200
56 0
38 7 4 3 9 2 4
37 5

BROOKLYN

A t la n t i c *]..
B o r o u g h * ___
B ro a d w a y * ...
B r o o k ly n - ..
C o n ’ y Itfc BB*
Sth W ard*, ..
F i r s t ...............

105
125
300
135
140
80
380

........

H anks

B id

A sk ] T ru st C os.

BROOKLYN

M a n u fa c tr s ’ .
M e ch a n ics * .
M e r c h a n ts ’ ..
N a s s a u ..........
N at C it y ___
N o r t h S id e*,.
P e o p le ’ s l ___
17th W ard*
S u rn a m e ........
S i u y v ’ t Hts*
L‘ n i o n l ,..........
W a ll a bou t* .

350
225
115
360
305
215
215
L40
200
L75
150
140

3G0

315
220

N. Y. CITY
B ank ers’ T r.
B o w i’ g G re e n
B roadw ayT r.
C ’ IR ’ t y B & T r
C e n t r a l T r ’ si
C ity T r u s t .
C o lo n ia l
C o n tin e n ta l
E a s te r n T r . .
E m p ire S tate
E q u ita b le T r

B id

300
235
155
DID
2100
350
375
690
160
LSO
17 5 0

A sk

245
165
595
2350
375
385
170
185

T ru st C o’s
E xchange Tr
F a rm LoifeTr
F ift li A v e T r
G u a r a n ty T r
G u a rd ia n T r
lv n ic k ’ r b ’ k ’ r
L in c o ln T r . . .
M e V ’ c k ’ r R ty
M a n h a tta n
M cr e a u tile
M e r c h a n ts ’ . .
M e tro p o lita n
A Io rto u T ru si

B id

A sk

T ru st C o’s

1450
590
715
195
850
360
2 40
5110
lo o u

1500
610
740
205

N Y L iie J iT r
N Y Sec
Tr
N orth A m er.
R eal E st T r ’t
sta n d a rd T r’ t
T r C o < t A 111.
>
T rC oof R pbc
U n io n T ru s t
U S Mtg<fc T r
U n it S ta te s .
V an N ’denT i
W a s h in g to n .

630
11040

375
2 55
1 lo u
315
640

B id
240
1150
1325
2 95
39 0
365
275
I 95
1410
175
1650
j 50
40 0

B id |A s k
A s k I! T r u s t C o ’ s
•260 I W in d s o r ........ 2 2 0
230
1200
BROOKLYN

. B r o o k ly n T r
410 ;1F lat b u s h ___
5>u
1F r a n k l i n ___
28 3 II H a m ilt o n ___
K in g s C o ___
1 4 4 0 : 1L I s ! L < fcT r.
4 9 0 1 N a s s a u ..........
1675 1 P e o p le ’ s ........
255
W ’iliia m s b ’ g .
410

300

470
175

485
|
.........

325
.........
43 0 4 1.........
.........
31 5 1
2 7 0 I.........
3 8 0 '3 9 0
270
27 5

* B id a n d a s k e d p r ic e s ; n o s a le s o n Gins d a y . $ L e s s th a n l o o s n a r e s
i E x rignt.s. d J . P. M o r g a n & C o. c e r t ific a t e s .
1 S a le at S to c k E x c h a n g e o r at a u c tio n th is w eek , o E x s w c k d iv id e n d . s T r u s t Co. o e r t iiic ites. '.j H an k s u ia rx e.i w ith a p a r a g r a p h (fl) a re S ta te b a n k s

New York Stock Exchange— Bond Record, Friday, Weekly and Yearly
O C C U P Y IN G
BONDS
N. Y. STOCK EX CH A N G E
W eek E nding J une 5

P r ic e
F r id a y
June 5

U* S. G overnm ent
U S 2s consol registered.dl930
U S 2s consol coupon___c£1930
U S 2s consol reg small..<Z1930
U S 2s consol coup sm all.dl930
V S 3s registered............ kl918
U S 3s coupon...................A;1918
U S 3s reg small bonds..fcl918
U S 3s cou small bonds..fcl918
U S 4s registered............ 7il907
U S 4s coupon.................. 7il907
U S 4s registered.............. 1925
U S 4s cou p on ....................1925
U S 5s registered............... 1904
U S 5s coupon..... ......... — 1904
F o re ig n G overnm ent
FTankfort-on-Main 3*28 ser 1 .. M-S

B id

W eek ’ s
R a nge or
L a s t S a le

A sk L ow

State S ecurities
Alabama class A 4 to 5___ 1906
Class B o s ......................... 1906
Class C 4s......................... 1906
Currency funding 4s___1920
Dist of Columbia 3*65s___ 1924
Louisiana new consol 4 s ..1914
Sm all..................................
Missouri funding___1894-1995
North Carolina consol 4S.1910
6s........................................1919
So Carolina 4*23 20-40....... 1933
IVun new settlement 3 s..1913
Sm all..................................
Virginia fund debt 2-3s__1991
R egistered.............................
6s deferred Brown Bros ctfs.

H ig h

105*4 106 106*s May’ 03
1053 106*2 106*4 May’ 03
4

106 106*s
106*4 107 82

107 78 Sale 10778 107 7
*
107 108 107*4 May’03
107 J’ne’02
107*4 May’ 03
106*2
1093 110*2 111 May’03
4
1103 111*2 110 34 May’03
4
135*2 136 1357 May’03
s
135*5* 136*2 137*2Mar’ 03
102*2 103*2 1033 D ec’ 02
4
102*2 103*2 103*4 May’03

107 108*2
107 *s 109

94

....

*96

....

107*8 1 0 8 *2

109 111*4
109*4 112
135 136*2
136 137*2
103

10338

95 *a Feb *02
to o n e d o Liar.

A p r’ 03
96*2 98*8
T hese a r e p r ices o n th e b a sis o f $5 to £ .

j.j
J-J
J-J
J-J
F-A
J-J

1043s Sep *02
109*4 O c t’ 00
102*2 Mar’02
111 Mar’02
121 Mar’03
106 A p r’03
109 *2 F e b ’99

121

J-J
J-J 103
A-O
J-J
J-J
973
4
J-J
94
J-J
933
4
J-J
7*4

R a ilroa d
labama Cent S ee So By
iaba Mull S ee Sav Fla A W
Albany A Susa S ee Del A Hud
Allegheny Valley N££PennRR
A 1 eg A West S ee Bud B A P
1
Am Dock im S ee Cent of X J
Ann Arbor l s t g 4s........ 7tl995 Q-J
A tell T A S Fe gen g 4 s ... 1995 A-O
Registered....................... 1995 A-O
Adjustment g 4s.......... 7*1995 Nov
R egistered................. 7*1995 Nov
Stamped.................. 7*1995 M-N
Clue A St Louis 1st 6 s.. 1915 M- S
Atl Knox A N or 1st g 5 s.. 1946 J-D
Atlantic Coast 1st g 4s.7*1952 M-S
Atlantic A Danv s e e South Ry
Atlantic A Yadk S ee South By
Austin A X W s e e Sou Pacific
at
S S
B altCreek AprioreegMich Cent J-J
A Ohio
l 3*23.1925
Begrstered.................... 7*1925 Q-J
Gold 4 s .................. 7*19481
A-O
B egistered................. 7*1948 Q-J
Conv deb 4 s.....................1911 M-S
P Jun A M D iv 1st g3*2Sl925|M-N
B egistered.................pl925 Q-F
P L E A W Va Sys ref 4sl941 M-N
Soutliw Div 1st g3*2S...1925 J-J
Q-J
Monon Biv 1st gu g 5 s..1919 F-A
Cen Ohio B 1st c g4*2S..1930 M-S
Beech Creek S ee N Y C A H
Bellev A Car S ee Illinois Cent
Bklyn A Montauk S ee Long I
Bruns A \Vest S ee Sav FI A W
Budalo N Y A Erie S ee Erie
Buffalo B A P gen g 5 s ... 1937 M -S
A ll A W est 1st g 4s g u ..l9 9 8 A-O
Cl A Mali 1st gu g 5s___1943 J-J
Bocli A Pitts 1st g 6 s... 1921 F -A
Consol 1st g 6s............1922 J-D
Buffalo A Southwest S ee Erie
Buff A Susq 1st ref g 4s.*71951 J -J
Begistered.................... *71951 J-J
Bur Cedar B A N o 1st 5 s.1906 J -D
Con 1st A coi tru stg 5 s..1934 A-O
Begistered....................19341A- O
C B i F A X W 1st gu 5s. 19211
A-O
M A St L 1st gu g 7s___19271J -D
South 1st 5s.......1908 J - J
Ctanada............................... 1913 M-S
'2d 5 s
Begistered....................1913 M-S
Carb A Shawn S ee 111 Cent
Carolina Cen t S ee Sea b A Boan
Carthage A Ad S ee X Y C A H
Ced B la F A X s e e B C B A N
Cen Branch 1J P 1st g 4 s... 1948 J -D
Cen Branch By S ee Mo Pac
Central Ohio S ee Bala A Ohio
Cen BK A B o I G a col g 5s 1937 M-N
Cent of Ga B B 1st g 5 s..pl945 F-A
B egistered...................._pl945 F-A
Consol gold 58................. 1945 M-N
Begistered.................... 1945 M-N
ls tn re f income g 5s___pl945 oct
2d pref income g 5s___p l945 Oct
3d pref income g 5s___p l 9 45,Oct
Cliatt Div purrnon g 4 s.1951 J-D
Mac A Nor Div 1st g 5 s.1946 J - J
Mid Ga A A tl D iv 5s___1947 J-J
Mobile Div 1st g 5s.......1946 J-J
Cent of N J gen’lg o ld 5s. 1987 J-J
Begistered................. 7*1987 Q-J
Am Dock A Imp gu 5 s ..l9 2 lj J-J

98

121

106

104 N ov’02
136*2 J ’ ly ’01
120 Mar* 00
97 May’ 03
94*4 May’03
98*2 Oct ’02
7*2

121

106

95
97
94*4 94*4

7*2

7*2 12

A

*95*4.......
100 Sale

95*4
9 9 34

95*2
100

4
256

93*2 96*4
99*2 102 7
8

102 ** 102*8
102*8 F eb’ 03
90
903 43 88*2 923
4
4
94*2 Apr *02
o b 88*s 923
89
4
88 7 88*4
e

90*2 Sait

........ 114*2 O c t ’ 02

93 3s 93*8 93*2

93 sg 1L2

93*4 95

933 94*4 94
4
94*4 10 92*2 95*4
................... 94*2 Jan ’ 03
94
91*2
1017 Sale |
s
10134 102*4 i i o 1 99*2 103*2
........ 102 * 1102 *2 May’03
4
100*8 102 5
s
103 A p r’03
100 106
89
91
89*2 893 89 May’03
4
96*2 sale
893 Sale
4

116

96
96*2 15
89
893 54
4
90*4 J’ly ’02
114*4 J’ne’02
108 Sep ’02

116

116

115*4 118*2

103 A p r’97
125 Mar’03
121*2____ 1253a J a n ’ 03
103
102

103

125
125

128
1258s

J ’ne’ 02
‘100^ 105

102*4

104*2
A p r’ 03
120*2 Mar’ 03
118 J a n ’02

.......... 120*2 121

120

122

120*2120*2
1 103*4 10478
9 105*4. ]0 8 7
e
-J 104*2104*2

104*2........ !104 *2 104*2
104 ........ 106
106
104*4........ 104*2 Mar’03

93*4 92

95*4 97*2
87*2 893
4

92

1 92

94*4

107
120

10S3 A p r’03
4
122 *2 J a n ’ 03 ...J 122*2 122*2

104*2 Sale

104*8 105
36 104*sl09
105*2 Sep ’01
73*2
75 | 54 ' 73*2 80
32 "8
34*2 IIS'J 31*2 39 'a
237
e
24*2 221 237 27
e
9 2 A u g mo
’ 02

74
33

B a le

34
25

: 108*4 S e p ’ 02
'1 0 2 J ’ n e ’ 99
112*2 A p r ’ 02 . . .
1132*4 M a y ’ 03 : : : : i s s ’- i i s i

*........ 133
4
130*2........ 1303

1303
4

8.128*4 133*2
.1113 113*2

.......................Il 13 *4 A p r ’ 03

PAG ES

BONDS
N. Y. STOCK EX C H A N G E

R ange
ce
5 © J a S ina r y 1
nu

H i g h A o L ow

T h e s e a r e p r i c e s on th e o a s i s o f f o u r m a r k s

U S of M exico s f g 5s of 1S99 Q-J

FOUR

W

eek

■i C
V

P r ic e
F r id a y
June 5

2

E nding J une 5

W e ek ’ s
R a nge or
L a st S a le

R ange
S in ce
©o
s jQ J a n u a r y 1

B id
A s k L ow
Central of N J—( C o n t in u e d )
H ig h A o L o w H i g h
Le A Hud B gen gu g 5s 1920 J-J
103 104
Leh A Wilks B Coal 5s.. 1912 M-N 1 00
1003 May’03
4
101*4 102 * May’03
Con ext guar 4*23
g 1910 Q-M 101
4
100*4 102*2
N Y A L o n g B rg e n g 4 s 1941 M-S
Cent Pacific S ee So Pacific Co
Charles A Sav 1st g 7s___1936 J-J
Ches A Ohio g 6s ser A ..T il908 A-O 108 ....... 111 Mar’03
111 112
111*2114
Gold 6s............................ al911 A-O * 111^112 113 May’03
1st consol g 5s................. 1939 M-N 115 116 11558- 116
1 1 5 * 2 l l9 3
4
Begistered.................... 1939 M-N 113*2....... 121 J ’ne’01
49 102*4 106 34
104
104 *8
General gold 4*23............ 1992 M-S 104*4 Sale
103 A p r’01
Begistered.................... 1992 M-S
112 May’03
112 112
Craig Valley l s t g 5s___1940 J-J
101 104
B A A Div 1st con g 4s. .1989 J-J *104 104*2 104 May’03
*
98
98 May’03
93
98
2d consol g 4s................1989 J-J
106*2 Oct ’02
Warm Spr Val 1st g 5 s..1941 M-S
87
Greenbrier By 1st gu g 4s ’40 M-N
83*2
31*8 81*2
Chic A A lt B B ref g 3 s ... 1949 A-O
81*8 30 80
Begistered.................... 1949 A-O
76 Sale
R a i l w a y 1st lien 3 *
2S. ..1950 J-J
76
76*4 30 74
79*2
833 A p r’ 02
4
Begistered.................... 1950 J-J
Chic Bur A Q consol 7 s ... 1903 J-J 103*4 Sale 103*8 103*4 17 i o i ” ibo^s
1043 A p r’00
4
Chic A Iowa Div 5s......... 1905 F-A
100*8 1 0 0 7e
100 101 *2
8
Denver D iv 4s................. 1922 F-A i o o 7
94
96
96 May’03
94*8 97
Illinois D iv 3*28..............1949 J-J
Begistered.................... 1949 J-J
Iowa D iv sink fund 5 s.. 1919 A-O 110*8......... 1143s Ang*02
8
Sinking fund 4s............ 1919 A-O 1017 Sale 101*2 I 0 l 7e 21 10 1 3g 104*8
Nebraska Extension 4s. 192 M-N 105*8106 107 May’03
106*8 108*4
109*2 A n g ’ 01
Begistered.................... 1927 M-N
100 Mar’ 02
Southwestern D iv 4s___1921 M-S 100*2
Joint bonds S ee Great North
10438 1 0 8
105
Debenture 5s...................1913 M-N 105 Sale 105
113 11778
Han A St Jos consol 6s.. 1911 M-S 114^115 1143s A p r’ 03
110 1103s
Chic A E 111 1st s f cur 6s. 1907 J-D 107*4 109*4 110 May’03
131 136*2
1st consol g 6s................. 1934 A-O 130 ......... 131 May’03
114*2 121*8
General consol 1st 5s___1937 M-N .........115
114*2 115
120 D e c’02
Begistered.................... 1937 M-N
1205e Feb ’ 03
120 120*8
Clue A lnd C By 1st 5 s .1936 J-J *117*2
Chicago A E n e S ee Erie
130
130
128 13034
Clue In A Lornsv ref 6 s... 1947 J-J
111*2 May’03
110*2113*8
Befunding gold 5s.......... 1947 J-J *111*4
1 1 0 3 8 M a y ’ 03
Louisv N A A Ch 1st 6s. 1910 J-J 111*8
110*8 1 1 13s
178 May’03
178 178
Chic Mil A St Paul con 7s 1905 J-J
111 1 1 L
s
Terminal gold 5s............ 1914 J-J 109 7 ....... 111 May’03
109 112
General g 4s series A ..el9 8 9 J-J 110*8 Sale 110*8 H 0 * 8
111 D e c’ 02
Begistered..................el 989
-J
1043 Jan ’02
4
General g 3*28 senes B.el989
J
Begistered................. el 989 J-J
116 * -Apr’ 03
2
Chic A L S u D iv g 5 s ___1921 J-J 116 . . . .
116*2 116*2
118 May’03
117*4 118*8
Chic A M o B iv Div 5 s ... 1926 J-J L17 . . . .
|1 1 2 34 1 1 3 34
Chic A Pac Div 6s.......... 1910 J-J 112 .... 113*4 113*4
116 117*2
Chic A P W 1st g 5s.......1921 J-J 11638 117*2 116 *8 May’ 03
111 May’03
11138111*2
Dak A Gt So g 5s............ 1916 J -J 110*8 . . . .
137*2 J ’ly *99
Far A Sou assu g 6s.......1924 J - J 129 . . . .
L19*811934
Hast A D D iv 1st7s.......1910 J-J 119*2-.-. 119*2May’0^1
1 s t5s.............................. 1910 J-J 106*4 . . . . 10738Aug’U2
183 185
183 F eb ’ 03
I A D Exten 1 s t7s........ 1908 J-J
114 115
LaCrosse A D 1st 5s___1919 J-J 1 1 3 34 ......... 115 May’03
Mineral Point D iv 5s___1910 J-J 1 0 7 * 8 ........ 109 Oct ’02
1 112*2 113*2
1 1 3 *2 ........ 11338 1 1 3 3o
So Minn Div 1st 6s........ 1910 J-J
5 112*8 11234
Southwest D iv 1st 6s___1909 J-J 112*2 Sale 112*2 112*2
15 116 117
117
W is A Minn Div g 5 s ___1921 J-J 11 6 ........ 116
113 113
Mil A N o 1st M L 6S....1910 J-D 11 l ........ 113 May’ 03
116 119
116
116
1st consol 6s................. 1913 J-D 1 1 5 * s l l 7
Chic A N orthw cons 7 s ___1915 Q-F 131*8 135 132*4 A p r’ 03
13178 134
101 104*2
Extension 4s........ 1886-1926 F-A .......... 104*2 104*2 May’u3
1063s Oct ’ 02
Begistered.......... 1886-1926 F-A
99 101
General gold 3*28............ 1987 M-N 96*4 100*2 100 May’03
103 Nov’ 98
R egistered.................pl987 Q-F
112 112
112 May’03
Sinking fund 6 s ...1879-1929 A-O 111*2
110*8Mav’ 03
110*fcll0*8
Registered.......... 1879-1929 A-O ♦ 110*2
106 Apr ?03
106 109*2
Sinking fund 5 s ...1879-1929 A-O 106*2
10634 Mar’03
1063 107*2
4
Registered.......... 1879-1929 A-O
105 109
105 M ar’03
Debenture 5s.................. 1909 M-N 103
105 *2 Dec ’02
Registered....................1909 M-N
108 112
109*2 A p r’03
Debenture 5s.................. 1921 A-O
Registered....................1921 A-O 113 7 ........ 114 Oct ’ 01
8
115*2118*2
Sinking fund deb 5s.......1933 M-N 115*2 Sale 115*2 115*2
Registered....................19331
M-N 116 117*4 123 May’01
Des Mo A Minn 1st 7s..l907j F-A
10 6 X o v ’ 02
Milw A Madison 1st 6s.. 1905 M-S
North Illinois 1st 5 s ....1910 M-S *106*2.... 10 8 O c t ’ 02
4
105^, 105*8
Ott C F A St Paul 1st 5s 1909 M- S 1053 . . . . 105*8 M a y ’ 03
11538 11538
Winona A St Pet 2d 7s.. 1907 M-N 112*8 ......... l l S 3^ A p r ’ 03
1303 132*8
4
Mil L S A West 1st g 6 s 1921 M-N 130*sl31 131 *8 M a y ’ 03
119*4 125
E xt A Imp sfund g 5s 1929 F -A 120*4........ 120*8 M a y ’ 03
Ashland Div 1st g 6s.. 1925 M-S 133*8........ 142*2 F e b ’ 02
133*8133*8
Mich Div l s t g 6 s ........ 1924 J - J 1333h ........ 133 *8 M a y ’ 03
Convertible deb 5s___1907 F -A 1 01 *2 ......... 107 *8 F e b ’ 01
114*4 feep ’ 02
In co m e s.......................1911 M-N ........ I l l
127 127*2
&
Chic Rock Isl A Pac 6 s ... 1917 J - J 127 *81277 127** 127*8
125*2127
Registered....................1917 J - J 126*0 127 126*8 M a y ’ 03
105 108
105*2
General gold 4s...............1988, J -J 105 Sale 105
107 107
107 J a n ’ 03
Registered....................19S8 J-J
1 0 0 3? J ’l y ’ 02
Coll trust Senes C 4s ...1905 M-N
9 9 78 J ’ u e ’02
H 4s........................................1910M-N
9 9 *2 J ’ l y ’02
M 4s........................................1915M-N
9 9 ^ J ’ n e ’ 02
N 4s........................................1916M-N
80 sale
7 9 34
S I *8 1136 7!
Chic R I A Pac R R 4s..2oo2|M-N
88*4 J a n ’ 03
R egistered................... 20021M-N
8 9 34 205
8 1 Sale 87
Gold 5s (when issued) 1913 M-S
9 / M a y ’03
Des M A Ft D 1st 4s___19051J - J I 96
9 3 J a n ’ 03
lst2*2S.......................... 1905, J-J | 91
9 434 J a n ’ 03
95
Extension 4s...............1905 J-J
13 |lt
.OS Sale 107*2 1 U8
Keok A Des M 1st 5s___1923 A -O
Chic A St L See Atch T A Sa Fe
Chic St L A N O S ee 111 Cent
Chic St L A Pitts see Penn Co
. 1133 136*8
D 130*8
13338 Mar’ 03
Chic St P M A O con 6 s ... 1930
. 131*4 137
131*4 May’03
N 1313s
Ch St P A Minn ls t g 6 s 1918
137 *2 Sep ’02
J1
Nor Wisconsin 1st 6 s...1930
124
124
123*4 126*8
ii"
St P A 8 City 1st g 6 s ... 1919
° l v 83*2 125
82*2 86
84*2 83 *2 May’03
Chicago Ter Trans g 4 s ...1947
Jl

3USUEIJLANEOUS BONDS—Continued on Next Page.
S treet R a ilw a y
Brooklyn Rap Tr 2 5s.......1945
Atl A v Bklyn imp g 5s.. 1934
BkCity 1st con 5s. 1916,1941
Bk Q C o A S con gu g 5 s.1941
Bklyn Un El 1st g 4-5s.l950
Kings Co El l s t g 4 s . . ..1949
Nassau Elec gu g 4 s ___1951
City A S By Balt 1st g 5s. 1922
Gonn Ry A L 1st A ref g4*2S ’51
Den Con Tr Co 1st g 5 s...1933
Den Tram Co con g 6 s..1910
Met Ry Co 1st gu g 6 s..1911
Det Cit St Ry 1st con g 5s. 1905
Gr Rapids Ry 1st g 5 s...a l9 1 6
Louis Ry Co 1st con g 5 s ..1930
Market St C Ry 1st g 6s .1913
Met St Ry gen col tr g 53.1997
Bw ayA 7th A v l s t c g o s 1943

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

104*2 105*2 105
105
3
__________ 110 J a n ’99
110*211138 110 A p r’03 . . . f
101
100*2 102 101
100*2 Sale 100*8 100 7 57
s
S7 May’03
........ 85
85*2 Jan ’03
997oOct ’02
t
95 J ’ne’O
O
................... 103

N ov’01

109

Street R a ilw a y
107^2 Met St Ry—(Con)1R.e f g 4s2002
Col A 9th A v 1st gu g 5s. 1993
Lex A v A P F is t g u g 5 s 1993
109*4 110
Third A ve RR con gu 4s 2000
101 102*2
Third Ave Rj’ 1st g 5s.. 1937
100 104*4
87
89*2 Met W S El (Chic) 1st g 4 s .1938
85*2 85*2 Mil El Ry A L 30-yr g 5s. 1926
Minn St Rv 1st cou g 5 s ..1919
St Jo Ry Lt H A P 1st g 5s.1937
St Paul City Cab con g 5s. 1937
Union El (Chic) 1st g 5s.. 1945
United R R s San F r s f 4 s .1927
.................. United Rys St L 1st g 4 s.1934
W Chic St 40-yr cons g 5s. 1936
103

Mar* 98

114
114

1 o price Friday; latest price this week,
N

115
........ 115
........ 116*2 May’03
a D ue Jan

—

1 113 120
|116*2ll7*4

d Due Apr

e Due May

A-O
M-S
M-S
J-J
J-J
F-A
F-A
J-J
M-N
J-J
A-O
A-O
J-J
M-N

*........ 93
93 *8 May’03 —
92
96*2
118*2121
........ 118*2 118*2 A p r’03
116 118*4 116*2 116*2 2 116*2121*4
983
4
4
97
97 Sale 963
21 95
1193 May’03
4
119*4 122
........ 100
99 *2 Mar’ 03 —
99*2 102*2
106 Oct ’99
T
106*2........ 110 J ’ne’02
109*4 A p r’ 03 —
109*4 i i 3
109 *2 D ec’99
783 Sale
4
80*4
78*0
79
53 77
4
85 3
4 5 847 S57
s
a
*84 *8........ 85 3
99 D ec’97

G as and E le ctric Light
Atlanta G L Co l s t g 5 s ... 1947 J-D
Bklvn U Gas 1st con 2 5s. 1945 rf-N i l 3 34 Sale il33 4
< Due j 'ue
/

/tD uej'ly

tc D ue A ug

p D ue N ov

115

gDue D ec

16 ii3*J i ’17
^Option sale

Bond Record—Continued—Page

6, 1903.]
l$O N I)>

N. Y. STOCK EX C H A N G E
W eek endinq J une 5

In t'st
P e r io d

Jcne

Clnc& West I ml gen g6s</1932| Q.M
Ohio So West Mich Ky 5s.. 191 J -D
J -J
AO
2d gold 4 4 s ..................... 1937 J - J

P r ic e
J Y id a v
June 5

B id
A s k L ow
•••••« m mmmmm 112 4
101 C
109
106
.......... 109
1114
113
112 4
m
ii4

Cm 1) A I 1st gu g 5 s ...1941 M-N
C I St L So C S ee C C C & S t L
Cm S So C S ee C C O St L
Clearfield So Mali S ee B R So P
Cleveland Cin C h ic So St Lome
9 7 7s Bale
General g Is....................1993 J - l )
Cuiro Div 1st gold 4 s ....1939 J - J
Cin W So M Div 1st g 48.1991 J - J
St L D lv 1st col t r g 4 a ..l9 9 0 M-N 1 0 1 ............
registered.................... 1990 M-N
M -S
Spr So Col Div 1st g 4s.. 19404 M-S
W W Val inv 1st g 4s. ..1940 J - J•
T
C 1 St L & 0 consol Os.. 1920 M-N ..........110
1st gold 4s.................A'1930 Q - i * 1 0 0 1 0 0 4
Registered..............A.T93G G- F
Cin S So Cl con 1st g 5 s.. 192b J - J 1 1 4 4 . .
C O C A 1 consol 7s........ 1914 J -D
Consol sink fund 7s___1914 J -D
G enerul consol gold Os. 1934 J -J 1 3 1 4 1 3 4 4
Registered................. 1934 J - J
Ind B l& W lstp rer 48.1940 A -O
O Ind & W 1st pf 5fl...41938 Q -J
A -O
A pr
Cl Lor So Wh con 1st g 5s. 1933 A -O
Clev So Marietta AeePenn liR
Clev So Malion Val g 5 s ...1
J -J
Registered....................1938 a . j
Clev So Pitts See Penn Co
Col Midland 1st g 4s........ 1947 J - J
Colorado A Son 1st g 4 s ... 1929 F-A
Col urn So Greenv S ee So Ry
Col So Hock Val S ee Hock Val
Col Conn So Term S ee N So W
Conn So Pas Rivs 1st g 48.1943 A -O
I \ak So Gt So S ee C M So St P
J-"alias So Waco S ee M K So
Del Lack So Western 7 s ... 1907 M-S

95
............

96
694

974
101 4
98<4
101 4
103
102
95

73
88

S a le
h a le

•
*5^

Rio G r So gu s e e Rio Gr So
Den So S W est gen 8 f g 5s 1921 J -D
D e s M o i& F t D S ee C R < 11
fc
Des M So Minn S ee Cli Sb N \
V
Des Moi Un Ry 1st g 5 s ..l9 1 ,3 M-N
Det M So Tol S ee L S So M So

Bangs
S in ce
J an u a ry 1
Lo'w H ig h
11341164
107

109

1124115

7 974103
98
O c t ’02
Slay 03 . . . .
9 8 4 ib b
M a y ’ 03 . . . . 101
1034
O c t ’ U2
D e c ’ 02
M a y ’ 03 . . . .
95
95
1 0 0 4 103

115 N o v ’ 02
1 3 4 4 J a n ’ 02
1 3 3 4 M a y ’ 03 —

13141334

1 0 4 4 N o v ’ 01
95
95 4 20
72 4 M a y ’ 03 . . . .
114 D e c ’ 02

73
88

95
100
7 2 4 82

J ’ n e ’ 02
734
89 4

6
42

73
88

804
94 4

1 1 2 4 ........... 1 1 3 4
130

1 113 1 1 7
1134
4 12941334
1294
.......... 1 3 4 4 M a y ’ 03 . . . . 132 1 3 4 4
140 O c t ’ 98

........... 1 2 9 4

1 3 1 4 A p r ’ 03 . . . .

1 3 1 * 8 .........
llo
1 1 3 4 ........... 115
M-N * ........... 1 0 2 4 1 0 2 4 M a y ’03
A -O 1 0 9 4 ........... 1 1 3 4 F e b ’ 03
102
F e b 03
F -A
M -S 1 3 7 4 ............ 137 M a r ’03
149
A u g ’ 01
M -S
A -O 1 0 7 4 ............ 1 1 1 4 F e b ’ 03
122 J ’ n e ’ 99
A -O
1 0 6 O c t ’ 02
A -O 1 0 5 4 . .
1 1 1 4 F e b ’ 02
A -O
1 4 3 4 N o v ’ 02
Kens So Saratoga 1st 78.1921 M-N 1 4 1 4 . .
Registered....................1921 M-N
1 4 7 4 J ’ u e ’ 02
J -J
J -J
J -D

11

H ig h A o
A p r ’ 03 . . . .
A p r *02
M a i ’ 03
D ec o l
O ct ’00
M a y '03 . . . .

i b i 4 M a y ’ 03 . . . .

128

M-N 1 2 9

J -D
J -D
J -D
N Y Lack So W 1st 6 s ...1921 J - J
F -A

W eek?*
B a n g s or
Last S a le

9 9 6s S ale
..........1 0 7 4

13041314
2 115 115
. . . . 102
103
.... 1134 1134
. . . . 102
102
•••• 137
137
•••• 1 1 1 4 1 H 4

994
9 9 4 19 9 8
994
1 0 6 4 M a y ’ 03 . . . . 104 4 107
1 0 8 M a y ’ 03 —
105 1 0 8
70
111

J -D
J -D
J -D

.......... 8 0
Ohio Sou Div 1st g 4 s...1941 M S * .......... 86
A O .......... 1 1 3

M ay’03

70

80

F e b *01

934
91
84
893j
1124

F e b ’ 03
934 934
26 9 1
91
934
J a n ’ 03 •••• 8 4
85
M a y ’ 03 . . . .
89
92
M a y ’ 03 . . . . 1 0 9 4 1 1 4

A-O
2d
Dul So Shore So A tl g 5s.. 1937 J - J .......... 1 1 5
1 1 4 M a y ’ 03 —
1114H 5
L 'a sto f Minn A'esStPM
XLastTen Va So Ga S ee S(
Elgin J ol So East 1st g 5s. J
M-N 1 1 3 1 1 4 4 1 1 2 4 M a r ’ 03 . . . . 1 1 2 4 1 1 4 4
Elm Cort & N o S ee Leh So
1 1 4 M a y ’03
1 1 4 114
M-N
M -S

M-S
A-O

Penn coll tr

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

F-A

J -D
J -J
J -J

M-N

1 1 4 4 .......... 113 4
1 1 0 111
112
1144
117
1094
135 4
.......... i 3 6
133
.......... 1 3 2 4
9 9 4 S a le
994
97
8 4 4 Sale
844

M a y ’ 03 ....
M a y ’03 ....
D e c ’ 02
J a n ’ 02
M a y ’ 03
A p r ’ 03
9 9 4 58
M a y ’ 03
8 5 4 301

.......... 92
924
924
1 2 5 4 .......... 129 M a r ’ 03

iis

ii9

A -O

A O 1.28
Coaltfc RR 1st cur gu Os. 192^ M-N

........ .

J -J

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

1 0 9 *4 U O ^
111
..........
..........
100
..........1 0 8
M-N * 1 1 2 ..........

118
106
131
1134
118^
109 “
1104
111
1014
1064
108

M a y ’ 03
A u g ’ 02
M a y ’ 02
D e c ’ 02
A p r ’ 02
d e t *98
1104
M a y ’ 03
M a y ’ 03
M a y ’ 03
M a y ’ 03

M-N
Wilktfc Ea Istg u g 5 s.l9 4 ^ J -D .......... 1 1 2
1 1 2 M a y ’ 03
Erie So Pitts S ee Penn Co
Evans So T H 1st cons Os. 1921 J - J * 1 2 1 .......... 122 4 M a y ’ 03

,'argo tte So St
lint So Pere M S ee Pere Mar

A -O
A -O
A -O
J -J

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

103
112

1044
J ’ n e ’02

110

115

3

....

11341134
112 112
133 139
1324135
97
994
97
98
8 3 4 88
88
129

11741214
130

1344

3 11041124
109 114
9 7 4 103
.... 1 0 6 1 0 6 4
1 0 8 117

....

—

110
120
5 103

112
122 4
106

M a y ’ 02

M ISC E L IiA X E O lI8
L u * mid E lectric Light
Builalo Gas 1st g o s ..........1947 A-O
Ch G L A C Co See P G A C Co
Columbus Gas 1st g 5s___1932 J-J
Con Gas Co See P G A C Co
Detroit City Gas g 5s........1923 J-J
Det Gas Co con 1st g 5 s...1918 F-A
E d E ilU B k n A e K C o E L A P
’e
Ed E 111 S e e N Y G A E L H A P
Eq G L N Y 1st con g 5s.. 1932 M-S
Eq G A Fuel See P G A C Co
Gas A Elec Berg Co c g 5s. 1949 J-D
Gr Rap G L Co 1st g 5 s ...1915 F-A
Kings Co El L A P g 5 s... 1937 A-O
Purchase money 6s ........1997 A-O
Ed El II Bkn 1st coil g 4s 1939 J-J
Lac Gas L of St L 1st gos.<?1919 Q-F
Milwaukee Gas L 1st 4 s.. 1927 M-N
Mut Fuel Gas Co S ee Peop Gas

944
1304

7 6 4 May’03
107
97
100
114

......
107

974
105
117

9S4
105
D ec’02

6 1 4 Oct ’01
1074 D ec’00
1204 125
9 34
i'05*T 06 * 106
95
119

Mar’l>3
May’03
May *03
J ’l y ’02

• N o price Friday; latest biu and asked this week, a D a e Jan

2

1237
P r ic e
J ria a y
June 5

N. Y. 8TOCK EX CH A N G E
W eek E nding J une 5

Bid,

FlaCendb Pen 1st g 5 s... 1918
1st land gr ext gold 5 s.. 1930
Consol gold 5s................. 1943
Fort St U D Co 1st g 4 4s. 1941
Ft W So Den O 1st g Os___1921
Ft W tfc Rio Gr 1st g 3-4s. 1928
i «ai Hat So s A S ee So Pac Co
* Xal H < H of 1882 1st 5s. 1913
fc
Ga So Ala Ry 1st con 5s..ol945
Ga Car So N o 1st gu g 5 s.. 1929
Georgia Pacific See So Ry
Gila V G A N o r S ee So Pac Co
Gouv < Oswegat S ee N Y Cent
fc
Grand Rap A Ind S ee Penn Hll
Gray’s Pt Term S ee St L S W
Gt Nor—C 11 So Q coil tr 4s 1921
R egistered.A ...................1921
Greenbrier Ry S ee Ches So U
Gulf So S 1 1st ref So t g 5s 51952
S
B
H ail So St JoS ee ee C N So Q H
ousatonio
N Y HSo
Hock Val lsfcon a olg 4 4a.l999
Registered........................1999
Col So H V 1st ext g 4 s ..1948
Houst E So W Tex S ee So Pac
Houst Sc Tex Cen S ee So Pac Co
llinois Central 1st g 4 s.. 1951

I

W eek 's
B a n g e or
L a st S a le

4 j

Bangs
S in ce
^ '/j1J a n u a r y 1

H ig h A 0 L ow

A s k L ow

Sep 00

100

J-J
J-J
J J
J-J
J-D
J-J

........ 108 4 1064 F eb’02
105 Mar*9n
! ! ! ! ! ! i'0 7 ’ * l l o M
82 4
8 l 4 . . . . . . 82 4

A-O
J-J
J-J

........ 1024 103 A p r’03
109 4 ........ 1094 May’ 03
109 4 ........ 1094 May’03

J-J

934 Sale
........

Q J * 92

934
934

J-J

100

J-J
J-J
A-O

1074 Sale 1074
• •••••

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

•mmmmm

i

1004105
109 1094
1084 1104

1064 Mar’03

1064 Mar’03

104

J -I )

100

...........

J-J 107
J-J
J-J 101
M-N 120
96
M-S
M-S ........
J -I ) 111
91
M-S

1 0 1 4 102
94
94
i '024 i b i
1 0 2 4 1034
1064 106 4
95
95

1074111

12541254

Mar’02

1 074
107 4
102 102
........ 122 4
97
974
7 3 4 744
112 114
91
92
......

1124 1134

10641064

1 0 6 4 Jan 03
101

1064

10541054

—

J-J * 1 1 2 4 ........ 1124 May’03
H 31*. Mar’oo
102 May’03 —
J-J ........ 103
94 Mar’03
J-J
M-S
M-S
A-O 103 ........ 104 May’03
102 Oct *01
A-O
103 May’03
M-N
1044 May'02
M-N
J-D 103 ........ 1064 Mar’03
95 ........ 95 May’03
J-J
J-J
123 May*99
F-A
81 ........ 87 4 May’02
J-J
J-J
9 84 Oct ’02
J-J
101 4 Oct ’99
J-J
O
95 ........ 100 X ov’O
J-J
F-A 1 0 7 4 1 1 0 1074 May’03 —
F-A
124 May’Ol
J-D
90 Nov’ 98
M-S
J - l ) ........ 125 4 1254 Jan *03 . . . .
126 4 N ov’02
J-D
1044 A p r’02
J-D
J-D
J-D
M-S

95
94 4

31 1 0 6 4 1 0 9 4

....................... 1' 1" i J-J
>

1st gold 3 4 8 .....................1951
Registered.................... 1951
1st gold 3s sterling........ 1951
Registered.................... 1951
Coll Trust gold 4s.......... 1952
Regis tered.................... 1952
L N O A Tex gold 4s___1953
Registered.................... 1953
Cairo Bridge gold 4s___1959
Louisville Div gold 348.1953
Registered.................... 1953
Middle D iv reg S s.......... 1921
St Louis Div gold 3s___1951
Registered.................... 1951
Gold 3 4 s ........................1951
Registered................. 1951
Spring Div 1st g 3 4 s ... 1951
Western Lines 1st g 4 s.. 1951
Registered.................... 1951
Bellev So Car 1st 6s.......1923
Carb So Shaw 1st g 4 s...1932
Cliic St L «fc N O g 5s. ..1951
Registered.................... 1951
Gold 3 4 s ........................1951
Registered................. 1951
Memph Div 1st g 4s. ..1951
Registered................. 1951
St L Sou 1st gu g 4s___1931
Ind B1 So West S ee C C C So St L
Ind Dec So W 1st g 5s.......1935
1st guar gold 5s............... 1935
Ind 111 So la 1st g 4s........ 1950
Int So Great N or Is tg 6 s ..l9 1 9
2d gold 5s......................... 1909
3d gold 48......................... 1921
Iowa Central 1st gold 5 s..1938
Refunding g 4s................1951
Jetterson R R S ee Erie
al
ee L
K anA So G R SSee TolS&AOM S
So Mich
C
K C Ft S So M S ee St L So S F
K C & M R & B l s t g u g 5s. 1929
Kan C So Paeilic S ee M K So T
Kan City Sou 1st gold 3s.. 1950
Registered........................1950
Kentucky Cent S ee L So N
Keok Sc Des Mo S ee C K I A P
Knoxville So Ohio S ee So Ry
Erie So W 1st g 5 s ..1937
L ake gold 5s......................1941
2d
North Ohio 1st gu g'5s.,1945
L Slio So Mich S S ee N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s...................1997
Leli val N Y 1st gu g 4 4 s . 1940
Registered........................1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered........................1941
Leh V Coal Co 1st gu g 5s. 1933
Registered........................1933
Leh A N Y 1st guar g 4 s .. 1945
Registered........................1945
El C So N 1st g 1st pf 6s. 1914
Gold guar 5s................. 1914
Leh So Hud R S ee Cent of N J
Leli So Wilkesb S ee Cent of N J
Leroy So Caney Val S ee Mo P
Long Dock S ee Erie
Long Island 1st con g5s.A1931
1st consol gold 4s........ hl931
General gold 4s................1938
Ferry gold 4 4 s ................1922
Gold i s .............................. 1932
Uuilied gold 4 s ................1949
Debenture gold 5s.......... 1934
Bklyn So Mont 1st g 6 s .. 1911
1st 5s.............................. 1911
N 1 B So M B 1st con g 5s 1935
N Y Sc 11 B 1st g 5s.......1927
Nor SliB 1st con ggu 5 sol93 2
Louisv So Nashv gen g 6s. 1930
Gold 5s.............................. 1937
Unified gold 4s................1940
Registered.................... 1940
Coll trust gold 5s............ 1931
Cecilian Brandi 7s........ 1907
E H So Nash 1st g 6s___1919
L Cin So Lex gold 4 4 s ... 1931
N O A M 1st gold 6 s ....1930
N O So M 2d gold 6s.......1930

107*' i*124
81
85

944 313; 91
2 90
934

108

H ig h

Mar’ 03
Dec *02
May’03
May’03
May’03
F e b ’03
May’03
May’03

—

10741074

....

9S4102
119 1 234
96 100
70
75
112 1 1 5 4
91
934

—

A-O
A-O
A-O

68 4 Sale

684
694 120
6 34 O c t *00

J-J
J-J
A-O

104

1104 F eb ’02

106 ............
104
112 ............
110
1 0 6 4 ........

2 1174120
113 1134
111 1 144

316 119 1174 1174
1 1 2 4 ........ 113 May’03
I l l ........ 111 A p r’03

M-N
M-N
J-J
J-J
A-O
A-O
J-J
J-J
M-S
M-S
A-O
A-O

674 714

108 May’03
109 4 J ’ne’02
1134 U 3 4
109^ O c t ’99
108 4 Sep ’02

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

1074 1084
1 1134114

100 4

...........
............1014

99

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

May’03
Mar’03

100

100

118

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

96
100

93

J a n ’03

118

118

102
101
100
100
111

May’03
May’03
Oct ’00
May’03
J a n ’02

93 4 97

IO I4 IO2 4
101 102

—

9741004

* 1 1 1 4 ............
*105 ........... 1054 Mar’03
10541054
112 Mar’02
112 4 Jan ’02
112 4 A p r ’02
1154118
1144 115 118 May’03
*6 111 112
112 Sale 1114 112
101 Sale 1 0 0 4 101
39 9 8 4 1 0 1 4
100 Jan *02
110
1 110 1134
110 112 110
106 D e c’00
1 1 1 4 ........... 114 4 May’03
11141144
1084 Jan ’03
1084 108 4
125 129 ~
126 May’03 —
127 4 12 8
1244 A p r’02

RONDS—Continued on N ext P age.

C o s and E lectric Light
Newark Cons Gas con g 5s 1948| J-D
N Y G E L H A P g 5 s... 1948' J -D
Purchase money g 4 s ... 1949, F-A
Ed El III 1st conv g 5 s ..1910 M-S
96
99
1st consol gold 5s........ 19951 J-J
NYAQE1 LAP 1st con g5sl93U| F-A
105 105
Paterson A P G A E g 5 s.1949 M-S
Peo Gas A C 1st gu g 6s .. 1901 M-N
2d guar gold 6s...............1904 J -D
1st con gold 6s ................ 19431 A-O
Refunding gold 5s.......... 1947 M S
ChG-L A Cke lstg u g5s 1937 J-J
Con G Goof Ch 1st gu g o s .’36 J -D
120 125
Eq G A F Ch 1st gu g 6s. 1905 J-J
Mu Fuel Gas 1st gu g 5s. 194 7 M-N
9 34 964
105 1084 Syracuse Lighting 1st g 5 s.’51 J -D
Trenton G A El 1st g 5 s..1949 M-S
Utica E L & P 1st s t s 5s. 1950 J - J
76

b Due Feb

794

d D ae Apr

107 109
9 2 4 0 24
104 105
1 1 8 4 ........
........ 103

23 1 0 6 4
1064 108
7 1 9 04
924
02 4
104
104 4 May’03
119 A p r’03
419
j102
103
103

100 ........
1 0 0 4 ........
117 ........
1 0 5 4 ........
107 109
104 107
103 ........

102-4 Mar’03
10241034
102 4 Mar’ 03 .... 1102 102 4
117
117
5 1116 1254
105 1 07 4
105 4 A p r’03
1064 109
108 4 1084
L05
105
4 1105 1084
103 May’<)3
102 1034
104 105 '
105 F eb ’03

........ 102

6

109

« Due May A D u e J ’ly k Due A n g o Due Oct

il2
974
107
119
1 074

Feb ’01
q Due Deo sO p tion sale

BONDS

P r ic e
F r id a y
June 5

X . Y. STOCK E X C H A N G E

W eek Ending J une 5
L o u is v tfc N a s h v —(C o n tin u e d j
IP e n s a c o la D iv g o ld 6 s . -.1 9 2 0 .V
S t L D iv 1 s t g o ld Gs......... 1921
2d g o ld 3 s .......................... 1980
H e iiu e r B d g e 1 st s f g 6 s . 1931
K e n t u c k y C e n t g o ld 4 s . .1 9 8 7
Let- X tfc XI tfc XI 1 st g 4 %s 1945
L & X -S o u t h XI jo i n t 4 s . 1 9 5 2
X F la tfc 8 1 s t g u g 5 s . . . 1937
P e n s tfc A t l 1 s t g u g 6 s . . 1921
S
N A la co n g u g 5 s .. 1936
Sink, fu n d g o ld 6 s ...........1 9 1 0
L <fc J e ff B d g e C o g u g 4 s . . 1945
L X A & C h S ee C I<fc L
a h o n C oal S ee L S i t XI S
a n h a tta n B y c o n s o l 4 s . 1990
R e g is t e r e d .................... 1990
M e t r o p o i E l 1 s t g 6 s ____1 9 0 8
M a n S W C o lo n iz g 5 s ___ 1934
M c K ’ p t & B V S ee X Y C e n t
M e tr o p o lita n E l S ee X ian B y
X le x C e n t c o n s o l g o ld 4 s . . 1911
1 s t c o n s o l in c o m e g 3 s . a l 9 3 9
2 d c o n s o l in c o m e g 3 s . . a l 9 3 9
E q u ip tfc c o ll g o ld 5 s ........ 1917
2 d s e r ie s g o ld 5 s ............1919
C o ll t r g 4 % s 1 st S e r ___ 1907
M e x I n t e r n a l 1 st c o n g 4 s . 1 9 7 7
S ta m p e d g u a r a n t e e d ___ 1977
M e x .N orth 1 s t g o ld 6 s ___ 1 9 1 0
M ic h C e n t S ee X" Y C e n t
M id o f X J S ee E r ie
M il L S & W S ee C iiic & N W
X lil tfc XIad S ee C h ic tfc X W
M il tfc X o r t h S ee C h XI <fc S t P
M in n tfc S t L 1 s t g o ld 7 s . .1 9 2 7
I o w a E x 1st g o ld 7 s ........ 1 9 0 9
P a c if i c E x 1 s t g o ld 6 s . . . 1921
S o u th W e s t E x l s t g 7 s . 1 9 1 0
1 s t c o n s o l g o ld 5 s ...............1934
1 st a n d r e fu n d g o ld 4 s . . 1 9 4 9
M in n 6c S t L g u S ee B C B tfc X
Mtfc P I s t 5 s s t p d 4 s m t g u 1 9 3 6
M S S M & A 1 st g 4 in t g u 1 9 2 6
M S tP tfc S S XI c o n g 4 in t g u ’ 38
M in n U n S ee S t P M tfcXI
M o K a n 6c T e x 1 s t g 4 s . . . 1 9 9 0
2d g o ld 4 s ............................# 1 9 9 0
1 s t e x t g o ld 5 s .................... 1944
S t L D i v 1 s t r e f g 4 s ___ 2001
D a l & W a 1st g u g 5 s . . . 1 9 4 0
K a n C 6c P a c 1 s t g 4 s . ..1 9 9 0
M K tfc T o f T 1 s t g u g 5 s . 1942
S lie r S h 6c S o 1st g u g 5 s . 1943
T e b o 6c N e o s h o 1 st 7 s . ..1 9 0 3
M o K 6c E 1st g u g 5 s ........ 1942
M is s o u r i P a c ific 3 d 7 s ........ 1 9 0 6
1 s t c o n s o l g o ld 6 s ...............19 2 0
T r u s t g o ld 5 s s t a m p e d .a l9 1 7
B e g i s t e r e d ................... a 1917
1 s t c o ll g o ld 5 s .................... 1 9 2 0
C e n t B r B y 1 s t g u g 4 s . 1919
L e r o y & C V A L i s t g 5s 1926
P a c B o f X lo 1 s t e x g 4 s . 1 9 3 8
2 d e x t e n d e d g o ld 5 s . ..1 9 3 8
S t L l r XItfc S g e n c o n g 5 s l9 3 1
G e n c o n s ta m p g t d g 5s 1931
U n ifie d 6c r e f g o ld 4 s . . 1929
V e r d i V I tic W 1 st g 5 s . 1 9 2 6
M o b tfc B ir m p r io r lie n g 5 s 1945
M o r t g a g e g o ld 4 s ...............1945
M o b J a c k tfc K C 1 st g 5 s . 1 9 4 6
M o b 6c O h io n e w g o ld 6 s . . 1927
1 s t e x t e n s io n g o ld 6 s . . / i l 9 2 7
G e n e r a l g o ld 4 s .................. 1 9 3 8
M o n t g o m D i v 1 s t g 5 s . .1 9 4 7
S t L & C a iro c o ll g 4 s . . e l 9 3 0
G u a r a n te e d g 4 s ............ 1931
M & O c o l l 4s See S o u th e r n
M o h a w k tfc X Ial S ee2s Y C & H
M o n o n g a h e la B i v S ee B 6c O
M o n t C e n t S ee S t P M 6c M
M o r g a n ’ s L a <fc T S ee S P C o
M o r r is 6c E s s e x S ee D e l L 6c W
VT a sh C h at <fc S t L 1 st 7 s . 1 9 1 3
1A 1 s t c o n s o l g o ld 5 s .......... 1 9 2 8
J a s p e r B r a n c h 1 s t g 6 s . . 1923
M c M XI XV 6c A i 1 st 6 s . . 1917
T tfc P B r a n c h 1 st 6 s ___ 1917
N a s h F lo r 6c S h e f S ee L & X
N a t o f X le x p r io r l ie n 4 % s. 1 9 2 6
1 st c o n s o l 4 s ........ ...............19 5 1
N e w H 6c D S ee X Y X H & H
N J J u n e B B S ee X YT C e n t
N e w tfc C in B d g e i'c e P e u n C o
N O & N E p r io r lie n g 6 s # 1 9 1 5
N Y B k lu tic M a n B e ll S ee L I
N Y C e n t 6c H B i v g 3 % s .l 9 9 7
B e g i s t e r e d .. .*..................1997
D e b e n t u r e 5 s o f . ..1 8 8 4 -1 9 0 4 XIR e g i s t e r e d ............1 8 8 4 -1 9 0 4
R e g i s t d e b 5 s o f . . . 1 8 8 9 -1 9 0 4
D e b e n t u r e g 4 s ----- 1 8 9 0 -1 9 0 5
R e g is t e r e d ............ 1 8 9 0 -1 9 0 5
D e b t c e r t s e x t g 4 s ..........1905
R e g is t e r e d ........................ 1 9 0 5
L a k e S h o r e c o ll
1998
R e g is t e r e d ........................ 1 9 9 b
M ic h C e n t c o ll g 3 ^ s ___ 1 9 9 8
R e g i s t e r e d ........................ 1 9 9 8
B e e c h C r e e k 1 st g u g 4 s . 1 9 3 6
R e g i s t e r e d ........................ 1 9 3 6
2 d g u g o ld 5 s .................. 1 9 3 6
B e e c h C r E x t 1st g 3 82s 51951
C a rt & A il 1 a t g u g 4 s . ..1 9 8 1
C le a r f B it C oa l 1 s t s f 4 s . 1 9 4 0
G o u v tfc O s w e 1 s t g u g 5 s 1942
M o ll <fc XIal 1 s t g u g 4 s . . 1991 XII n c o m e 5 s .......................... 1 9 9 2

W eek 's
R a n g e or
L a st S a le

A s k L ow
H ig h
11638 X la r’ 02
'1 2 7 8 i .......... 12 5 hi A u g ’ 02
75 J ’ n e ’ 02
...................... 113 X o y ’ 99
9 9 % .......... 99 M a y ’ 03
! 1 0 7 8 2 .......... 10782 1 0 7 8 ;
9 1 82
, .......... 9182 9 1 82
................... 1 1 3 M a r ’ 03
1 1 1 1 34 .......... I I I 82 1 1 1 8 '
109
.......... 115
D e c ’ 01
110 X Iar’ 03
1 0 0 X Ia r’ Ol

M

B id

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

1 0 1 34 S a le

111

I O I 82 1 9 1 34
103 7s D e c ’ 02

.......... 1 1 1

77
S a le
2 4 S a le
1 6 1 S a le
4

77
24
16*4

111

.......... 105

H ig h

9 8 % 10 0
- i ! 1 0 7 821 0 7 V
8 9 34 92
. . . . 1113 1 1 1 3*
1 1 1 0 % 113
.... n o

4 0 101

111

10482

2 109 82 111*2

5

76
24
1 4 34

80
28*4
1 8 34

9 3 -8 97

M a y ’ OO

1 4 0 % .......... 1 4 4 % A p r ’ 03 —
1 1 6 34 F e b ’ 03
123 82 A p r ’ 03
i l 5 % .......... 121
J a n ’ 02
116 X la y ’ 03
* ..........117
6
100 .......... 10 0
100%
103
98

R ange
S in ce
J a n u a ry 1

No L o w

7 7 % 64
2582 374
55
17

96*2
96*82
9 0 % J ’ ly ;0 l
99

B on d s
S old

Bond Record—Continued—Page 3

1238

14482145%
11634 H 6 34
123*212382
116
98

120%
10334

X o v ’ 01
A p r ’ 01

9 7 34
98*4 88 97*2 1 0 0 %
80
8 0 34 54 SO
85
102 M a y ’ 03
,101
10482
86 O c t ’02
106
S e p ’ 02
.......... 1 0 6
8 7 34 .......... 9 0 M a y ’ 03
87*2 9 0
10 1 .......... 1 0 1 % 10182 ' 10 101 % 105*2
105 82 J ’l y ’ 02
98
Sale
80
S a le
.......... 103

i"09 S ale
108 83 ..........
1 1 8 % S ale
.......... l O l 3*

109
108
11S %
10482

109
108
118V
105

1 0 107*2 111
4 1 0 8 111*2
22 1 1 8 122
22 |l0 2 34 1 0 7 %

104 V
105 * 49 1 0 3
4
107*2
.......... 93% 9 1 82 X la y ’ 03
89
9482
100 XIay’01
i o 2 % .......... 1 0 3 5s M a y ’ 03
102*2105*4
1 1 2 34 .......... 112 A p r ’ 03
112
113
112
S a le 112
1 1 2 V *39 1 1 0 * 2 1 1 5
.......... 1 1 1 c 11282 D e c ’ 02
87 82 S ale
9182
8782
87 82 29 8 7

10482 S a le

Il2% ..

110*4 J ’ l y ’ 00
9 3 A p r ’ 02
102 J ’l y ’ 02
i ‘22 ........ 1 2 4 A p r ’ 03
i*24 127*2
1 2 4 % A p r ’ 03 . . . . 1 2 4 % 12582
93
97*o
9 4 M a y ’ 03
.......... 95
114
115*o
114 M a r ’ 03
93
93
93
F e b ’ 03
I O I 82 J ’ n e ’ 02
..........

93

BOXU8
X . Y. S T O C K E X C H A N G E
W e e k E n d in g J u n e 5

[V
■o
v

X Y C e n t & H R — ( C o n tin u e d )
X J J u n e H g u 1 st 4 s . . . 1 986 F- A
R e g is t e r e d ....................... 1 986 F -A
\-C
A -<
W e s t S h o re 1 st 4 s g u ...2 3 6 1 j - j
R e g i s t e r e d ........................2361 J -J
L a k e S h o r e c o n s o l 2 d 7 s . 1903 J -D
R e g i s t e r e d ........................ 1903 .r-D
G o ld 3 ^ s ............................1997 J -L
R e g i s t e r e d .................... 1997 J -D
D e t X Ion tfc T o l 1 s t 7 s . 1 9 0 6 F -A
K a Acfc G R 1 s t g u c 5 s. 1 938 J -J
M a h o n C ’ l K B 1 s t 5 a . . 1934 J - J
P it t s X Ic K < Y 1 s t g u 6 s . 1 932 J - J
fe
2 d g u a r 6 s ......................... 1 9 3 1 J - J
M c K e e s tfc B V l s t g 6 s 1 9 1 8 J - j
X lic h C e n t 1 s t c o n s o l 6 s. 1 9 0 9 M-S
5 s ........................................... 1931 M- S
R e g is t e r e d .................... 1931 O- W
4 s ........................................... 1940 J - J
R e g is t e r e d .................... 1 940 J -J
J L tfc S 1 s t g 3 % s .............1951 XI-S
B a t C tfc S tu r 1 st g u g 3 s . 1 989 J -D
,M-N
'M-N
N X .6 c X o r t h 1 s t g 5 s . . . 1 927 \ o
B W<fc O c o n 1 st e x t 5 s . h i 92 2 A - 0
O s w e <fc B 2 d g u g 5 s . . . c l 9 1 5 F -A
B W tfc O T B 1 s t g u g o s .1 9 1 b M-N
U t ic a <fc B lk B iv g u g 4 s . 1922 J - J
X Y C h ic tfc S t L 1 s t g 4 s . 1937 A -O
B e g i s t e r e d ........................... 1937 A -O
X Y & G r e e n w L a k e S ee E r ie
X Y <fc H a r S ee X Y C tfc H u d
X Y L a c k tfc W S ee D L tfc W
X Y L E & W S ee E r ie
X Y tfc L o n g B r S ee C e n t o f X J
X Y tfc X E See X Y X H tfc H
N e w Y o r k N e w H a v tfc H a r t—
H o u s a t o n ic B c o n g 5 s . . 1937 M-N
M
XT H tfc D e r b y c o n g 5 s ..l9 1 s > M -\
X Y tfc X E 1 s t 7 s ............1905 J -J
1 st 6 s ....................................1905 J -J
X Y & N o r t h S ee X Y C t f c H
X Y O tfc W r e t 1 s t g 4 s . . 0 1 9 9 2 M -S
R e g is $ 5 ,0 0 0 o n l y ..........0 1 9 9 2 M -S
X Y tfc P u t S ee X Y C & H
N Y tfc B B S ee L o n g Isla n d
N Y S <fc W S ee E r ie
X Y T e x tfc XI S ee S o P a c C o
N o r tfc S o u th 1 s t g 5 s .......... 1941 M-N
N o r f tfc W e s t g e n g 6 s ........ 1931 M-N
I m p r o v e m ’ t tfc e x t g 6 s . . 1934 F -A
New River l s t g 6s.......1932 A -O
X tfc W B y 1 s t c o n g 4 s . 1 9 9 6 A -O
B e g i s t e r e d ........................ 1 9 9 6 A O
P o c a liC t f c C jo i n t 4 s . . 1941 J -D
C C<fc T 1st g u g 5 s ..........1 922 J -J
S c io V tfc X E 1 st g u g 4 s 1 9 8 9 M-N
X o r t h I l lin o is S ee C h i tfc X W
X o r t li O h io S ee L E r ie tfc W
X o r P a c — P r io r lie n g 4 s . . 1997 Q- J
R e g i s t e r e d ........................ 1 997 Q -J
G e n e r a l lie n g o ld 3 s ___ a 2 0 4 7 Q -F
B e g i s t e r e d .................... a 2 0 4 7 Q -F
C B tfc Q c o ll tr 4 s S ee G t X o r
S t P a u l-D u l D iv g 4 s ___ 1 996 J -D
R e g is t e r e d ........................ 1 996 J -D
S t P tfc X P g e n g 6 s ___ 1 923 F -A
R e g is t e r e d c e r t it ic ’ s ..l9 2 3 | 0 - F
F -A
S t P a u l tfc D u l 1 s t 5 s.
A-O
1 st c o n s o l g o ld 4 s ...........19G8 J -D
W a s h C e n t 1 st g 4 s ...........1 948 Q-M
X o r P a c T e r C o 1 s t g 6 s . . 1933 J -J
X o r B y C al S ee S o P a c
X o r W is S ee S t P M tfc O
X o r <fc M o n t S ee X Y C e n t
I n d tfc W S ee C C C tfc S t L
I110 R iv e r R R 1 s t g 5 s . 1 936 J -D
G e n e r a l g o ld 5 s .................. 1 937 A-O
O re tfc C al S ee S o P a c C o
O re B R tfc X a v S ee U n P a c
O re S h o r t L m e S ee U n P a c
O s w e g o tfc B orn e S ee X Y C
O C F tfc S t P S ee C tfc X W
a c C o a s t C o 1 s t g 5 s ___ 1 9 4 6 J -D
a c o f X lis s o u n See X lo P a c
P a n a m a 1 st s I u n d g 4 % s . . l 9 1 7 A -O
S in k frind s u b s id y g 6 s . . 1 9 1 0 M-N
P e n n s y lv a n ia C o m p a n y —
G u a r 1 s t g 4 % s .................. 1921 J - J
R e g is t e r e d ........................ 1921 J - J
G u a r 3 % s c o ll t r u s t r e g .1 9 3 7 M-S
G u a r 3 % s £ o ll t r s e r B ...1 9 4 1
T r Qo c e r t iP s g u g 3828.1916 M-N
C S t L tfc P 1 st c o n g 5 s. 1932 A -O
B e g is t e r e d ........................ 1932 A -O
Cl tfc P g e n g u g 4 82s s e r A . ’42 J - J
S e r ie s B ..............................1942 A-O
M-N
S c r ie s C 382 s .................... 1 948 XIF -A
J -J
J -J
S e r ie s C ............................. 1
X <fc C B d g e g e n g u g 4 82s 1945 J - J
A -O
P C C tfc S t L g u 4 % s A . . . 1
A -O
M-N
, M-N
F -A
P it t s F t W tfc C 1 s t 7 s . ..1 9 1 2 r..i
J -J
3 d 7 s ................................../i.1912 A -O
P e n n B B 1st rea l e s t g 4 s . 1923 M-N
C o n s o l s t e r lin g g 6 s ........1905 J - J
C o n v e r t ib le g 3 % s ............ 1912 XI N
C on c u r r e n c y 6 s r e g . . .0 1 9 0 5 Q-Xl
C o n so l g o ld 5 s .................... 1919 M -S

P r ic e
F r id a y
June 5
B id
105

........ 124 Xray’ 03
I I I 82 .......... 112 82XIay ’03
113 D e c ’ 9 9
1 1 6 J ’l y ’02
1 1 1 D e c ’ 99

* 1 0 2 8 2 1 0 3 82 102 82 M a y ’ 03
7 8 S a le
78
7882

* 1 0 2 34 .........
.......... 10 2 78
i o i 34 ..........
IOO 82 . .
9 9 - 6 ..........
98
..........
99*8 10 0
♦ 98
..........
8 9 % S ale
87 82 Sale
.......... 89
1/08*4..........

122% 1 2 4
112 1 1 5

P

100*2103*2
64 73
79 %

101
104
103 *>M a y ’ 03
*
102 7s XIav’ 03 —
102
105*4
101 34 X Iav’ 03
10 1 1 0 3 %
1 0 0 M a y ’ 03
10982 S ep ’ 97
5 99% 1 0 0 %
99%
99 V
100 10 0
9 9 D e c ’ 02
100% 100%
1 0 0 % A p r ’ 03
9 9 % N o v ’ 02
89
8 9 78 **36 8 9 ** * 9 4 %
87*4
88*4 25 87*4 91
90 X la y ’ 03
89
92%
91
91
91 J a n ’ 03
107*4 1 0 8
108 M a y ’ 03
106 J ’ u e ’ 98

10782 J ’ ly ’00
110*4 D e c ’ 01

W eek 's
R a n g e or
L a st s a l e

A s k L ow
.......... 105

n o
n o *2 n o %
n o ‘4
..........l l u
109
109*10034 .......... 1 0 3 % XI ay’ 0;i
10034 .......... I 0 2 y4 J a n ’ 03
1 0 1 * 4 .......... 1 0 1 % 1 0 1 %
* .......... 1 03
105 J a n ‘ 03
114 F e b *02
124
. . . . . . . . . . . . 139

LXXVI,
o"ol

R ange
S in ce
J an u ary 1

H ig h *v° L ow
O ct ’ Oi'

105*o X o v ’ 01

H ig h

......................
1
......................
1 |io9 i i i %
12 109 111*2
. . . . j 102% 1 0 3 %
. . . . 1 102*4 10234
6 101
105%
. . . . 105
105
....

J a n ’ 03 . •. « 1 24
J a n ’ 03 ___ 139

1 1 1 % ...
112 X lay’ 03
1 2 1 % .......... 123 82 M a r ’ 03
127 J ’ n e ’ O*'
110 L e e ’ 01
106*2 X o v ’ OO

124
139

112 1 1 0 %
123 % 1 2 5 %

1 1 5 % Xtav’ Oo
119 *0 D e c ’ 02
..........117
117 % 118*2 1 18% X lay’ 03 . . . . 11 8
113% J a n ’ 02

i2 2 %

102

10738 F e b ’ 03 . . . . 1 0 7 % 107 %
1 102
105
102*2 1 0 2 %
102%
103 XI ay ’ 03
102 1 0 3 %

12 9

.......... 131% A p r ’ 03

10 6
104

.......... 106*4 XIay’ 03 . . . . 105 106*4
.......... 105 M a y ’ 03 . . . . 103% 105

128% 1 3 1 %

10 99
103%
1 0 0 % 1 0 1 * 4 100*4 101
101 M a y '0 3 *** * i 0 0 s8 101

*m .....

1 14 F e b ’ 03
1 3 0 % .......... 133*2 A p r ’ 03 . . . .
.......... 132
1 28 A p r ’ 03 . . . .
132*4 J a n ’ 03 . . . .
9 8 % S a le
9 8%
9 8% 25
100*2 J a n ’ 02
.......... 90*2 90*2
9082 15
1 0 7 * 4 .......... 107*2 J ’l v ’ 01
10
9 8 % S a le
98%
99
102

S ale

7 1 % S ale
96

....
....

90

94

98% 101

* 1 0 5 * 2 .......... 105*4

1.25

96%

i ’2 7

98

115*4 11 6 %

114 82 M a y ’ 03
108*2 J d y ’ 02

11 0

115%
133%
128
132%
101%

92 1 0 1 % 10 4
101%
102
102*8X Iay’ 03 . . . . 1 00 1 0 3 %
71%
72'A, 68 71
73%
70*2 X Iar’ 03 . . . .
70*4 72*4

1 25 A p r ’ 03
132 J ’ l y ’99
118 X o v ’ 02
11 0 O c t ’ 02
96*2 X Iar’ 03
9 4 8* F e b ’ 02
1 1 5 * 2 .......... 116*2 M a y ’ 03

99

11 4
133
128
132
97%

.......... 1 0 2 *2 X Iay ’02

O

*122

ol.

114

114%

1 105*4 111

105*4

.......... 102
102

A p r ’ 03 . . . . 102
A p r ’ 02

S a le

10 1 0 7 3 n o
110
4
M a r ’ 03 . . . . 1 06 1 0 9 %
N o v ’ 98
X Iar’ 03 . . . .
96
97
D e c -02
F e b ’ 03 .... 122*4 123

110
106
92
102
9 3 .......... 9 6
+
. 96
96
122*4
121

10 2

O c t ’00
.::.i

1 02

X o v ’ OO

i 110*4114%
1 1 0 * 4 ......... 110*4 110*4
1 1 0 * 4 .......... 1 10% M ay’ 03 ___ 1 1 0 % 112
1 1 6 % F e b ’ Ol
.
106*4 X o v ’ 02
9 6 J a n ’ 03 . . . .1
1 27% O ct ’ 02
125 127
128 J a n ’ 03 ___ 1 i 2 8
i2 8
125 12 7
130 A p r ’ 01
104 1 0 4
1 0 1 * 2 .......... 104 A p r ’ 03
9 4 34 S ale
114

94%

9 5 % 233

94% 107%

..........

MISCELLANEOUS BONDS—Continued on Next Page
Coal and Iron

Telegraph and Telephone
A m T e le p tfc T e l c o ll tr 4 s 1 9 2 9
C o m m C a b le C o 1 st g 4 s . .2 3 9 7
R e g i s t e r e d ........................... 2 3 9 7
E r ie T tfc T c o l tr g s f 5 s . . 1 9 2 6
M e t T tfc T 1 s t s 1 g 5 s ........ 1 9 1 8
M u t U n T e l C o See W e s t n U n
X Y tfc X J T e l g e n g 5 s . . 1 9 2 0
N o W e s t n T e le g See W e s t U n
W e s t U n io n c o l tr c u r 5 s . 1 9 3 8
F d an d re a l e s t g 4 82s . . . 1950
X lu t U n T e l s fu n d 6 s . . .1 9 1 ]
N o r t h w e s t e r n T e l 7 s ___ 1904

J -J
Q- J
Q- J
J -J
M-N

9 6 % A p r '0 3
9682 100 82 A p r ’ 02
100 82 O c t ’00
109 O c t ’ 99
114 X o v ’ 02

M-N

1 0 8 *4 A p r ’ 03

.......... 1 0 9 % 110 M a y 0 3
J -J
loJ-%
M-N * 1028i 1 0 3 3 103*3s
4
109 A p
M-N *
................ 10782 r ’ 03
J -J

9682

96%

108*4 1CS1
4
109
102
109

110
105
109

Coal and Iron
C a h C oal M in S ee T C I & R
C le a rf B it C oa l S ee X Y C tfc H
C ol C tfc 1 D e v C o g u g 5 s . 1 9 0 9 J - J
C o l F u e l C o g e n g o ld 6 s . . . 1919 M-N

55

109 82 ........ '112

* N o p r ic e F r i d a y ; la te s t bid and a s k e d th is w e e k ,

N o v ’ OO

A p r ’ 03
a D u e .Ian

112

112

b D ue F e b

C ol F tfc I C o g e n s f g 5 s . . 1943
C o n v e r t ib le d e b g 5 s ___ 1911
G r R iv C o a l tfc C l s t g 6 s . . 1919
J e ff tfc C le a r C tfc I 1 st g 5 s . 1926
2 d g o ld 5 s .............................1926
K a n tfc H C tfc C 1 st s f g o s .1 9 5 1
P le a s V a l C oal 1 st g s t 5 s . 1 9 2 8
Bocht f c Pi t C tfc l p u r m 5 s . 1 9 4 6
T e n n C oal T D iv 1st g 6 s . a l 9 1 7
B irm D iv 1 st c o n s o l 6 s . . 1917
Cali C M C o 1 st g u g 6 s . 1922
D e B a r C <fc 1 C o g u g 6 s . 1 9 1 0
V a Ir o n C oal tfcC 1st g 5 8 .1 9 4 9
W il L E <fc P C C o l s t g 5 s . 1919

F-A 102
103
85
S a le
F -A
A -O ' ..........108
J -D
J -D
J -J
J -J
M-N
A -O 101 103
J -J
107 112
J -D
F-A 10 0
..........
M -S
76
77*4
J -J

M a n u f a c t u r i n g tfc I n d u s t r ia l
A ra e r B ic y c le s f d e b e n 5s 1919 XI-S
A m C ot Oil e x t 482s ............1915 Q -F

0 6 % ..........

y
ti D u e J lly

p Due X o v

e D u e Xlay

< D u e J ’ ne
7

25 102 105
102
102
79
96%
83%
86
115 J ’ n e ’ 02 125
107 XIav’ 97
8 0 XIav’ 97
......................
106*4 F e b ’ 02 . . . .
105 ‘ O c t ’ Oo
103
112
105
102
76
32
34
98

7 103 IO 734
103
X lay’ 03 . . . . 105 % 112
F e b ’ 00
io i
i’ 2
0
M a v ’ 03
13 7 6
81
78
J a n ’ 00
F e b ’ 03
98

s o p t i o n sale.

5

34
42%
9 6 % 101

Bond Record—Concluded.—Page 4
1J n t'sl 1
|P e r io d

J une 6, 1903.J
BONDS
N . Y. ST O C K E X C H A N G E
W k k k E n d in g ju nio 5
P enn
C o n tin u e d )
CuiiBol g o ld 4 « ................
01 < M u r 1st g u g
fe
D I i K H & B g e 1 .sx

u 4s

> M-.N
2MS
> M-N
• F-A
1 j -j
5 ,] - J
I iVt-S
1.

W eek 's
P a n y e or
L a st S a le

P r ic e
F r id a y
June 5

HUi
A s k L ow
..........
108
.......... . . . . . . 102

<
0
•A*

H ig h N o

R ange
S in ce
Janna ry 1
L ow

H ig h

N o v ’ 97

1 1 2 34 M a r *00

ill
D e c ’ 02
Sun
L e w is 1 s t
U N J R R A Ci
in
.......... 117 M a y ’ OO
P e n s a c o la & A t l
P e o As E a s t See C C C & S t L
P e o & P e k U u 1 st g 6 s ___ 192 1 Q-F
•••••• 124*o A p r ’ 08
O c t ’00
2d g o ld 4 '$3.......................5 1 9 2 1 M-N . . . . . . . . . . . . 101
P o re M a r q — F A P M g 6 s . 192* A -O . . . . . . . . . . . . 120 *2 M a y ’ 03
1st c o n s o l g o ld 5 s ..........193! 1 M-N 107
......... 109 M a y o :
P t H u r o n D iv 1 s t g 5 s . 193! A O 109 ! i .......... 1U9 M a y ’ U3
S a g T u e A: H 1st git g 4 s . 193 1 F-A
P in e C r e e k l e g g u a r 6 s . . . 193: J -D
137 N o v ’ 9 7
P itt s C in & S t L S e e P e n n C (j
<
P itt s C le v A. T o 1 1 st g 6 s .. 192! - V-0
107*2 O c t ’ 98
P itt s F t W A Oil See P e n n O )
P itts J u n c 1 s t g o ld 6 s ........ 192: J - J
. . . . . . . . . . . . 120 O c t ’ 01
P itt s A; L E rie 2d g 5 s ...a L 9 2 ; ' A -O . . . . . . . . . . . . 112*2 D e c ’ 02
P itt s McKees A; Y S e e N Y o e i i
P itt s S h & 1, E 1st g 5 s . . . 1941 1 A -O
119 N o v ’ 02
1 s t c o n s o l g o ld 5 s .............. 194; 5 J - J
9 8 J ’ l y ’ 97
P itts < VVcst I s t g 4 s ........191
te
j.j
1 0 0 r 101
LOO R M a r ’ 03
J P M <fc C o ce rtf.s...................
lO O Y F e b ’ 03
120 D e c *02
P itts Yr ifc A s k 1 st c o n 5 s . 192 i M-N
e a d in g C o g e n g 4 s ......... 199 * J - J
97 ^ S a le
9 6 78
97*2
R e g is t e r e d ........................199
. . . . . . . . . . . . 9 6 M a y ’ 03
J -J
J e r s e y C e n t c o ll g 4 s . ..1 9 5
9 0 78
91
91
S ale
A -O
R e n s s e la e r A; S a r See 1) <fc H
R ic k As D an See S o u th R y
R ic k A; M e e k See S o u th e r n
R io G r W e s t 1 s t g 4 s ...........1931) J - J
98H aSalo
98*8
9 8 34
• A -O .......... 90*2 91 ~ M a y ’ 03
97 J a n ’ 02
A -O
R io G r J u n e 1 s t g u g 5 s . . . 1 9 3 91 J -D
110*2 F e b ’ 03
R io g r S o 1st
80*2 J ’l y ’ 02
J J -J
92 M a r ’ 03
'J - J
R o c k Aj P it t s S ee 11 li A; P
R o m e W a t A; O g S e e N Y C
R u tla n d 1st c o n g 4 6 s ___ l
J -J
R u t-C a u a d 1 s t g u g 4 R s . 194V 1 J - J
101*4 N o v ’ 01
a g T u s A; 11 S ee Pere Mart]
a lt L a k e C 1 st g s 1 6 s . . 1913> J -J
S t J o A G r is l 1st g 3 -4 S ..1 9 4
J -J
87
.......... 88 M a y ’ 03
S t L a w & A d ir o u l s t g 5 s ,1 9 9 i l J -J
A -O
S t L A C a iro S ee .Mob A Oki
S t L A Iro n M o u n t See M P
S t L K C A N S ee W a b a s h
S t L M B r S ee T R R A o f S t
M-IM 1 0 4 k*.......... 105 M a y ’ 03
i M-N 104 *8 - 103*o M a y ’ 03
J -J
1 2 7 5s .......... 127 M a y ’ 03
J -J
1 1 3 18 114 113*4 113*4
S t L A S F R R c o n s g 4s.
>J -J
95 *2 J a n ’ 03
S o u tliw D iv 1 s t g 5 s . .:
A -O 10 0 S a le 100
100
J -J
85 *0
86
85 *2 S a le
K C F t S A M c o n g 6 s . . l 9 2 t M-N 1 1 8
.......... 1 2 4 M a r ’ 03
K C F t S A M R y r e f g 4 s 1931 A -O * 85
86
85
85 3
4
R e g i s t e r e d ....................... 1931 A -O
S t L o u is S o See I llin o is C e n t
M-N
9 4 3-i S ale
943s
9 4 34
J -J
8 0 Si S ale
SO3*}
81*4
C o n s o l g o ld 4 s . . .
J -D .......... 8 0
80*4
80*2
G r a y ’ s P t T e r 1 s t ; u g 5 s 1 9 4 ' J -D
S t P a u l A D u l See
A -O l O O m i R 113*2 F e b ’ 03
1 s t c o n s o l g o ld 6 s ...........
J -J
1 3 2 1q .......... 132*2 M a y ’ 03
R e g is t e r e d .....................
J -J
1 4 0 M a y ’ 02
R e d u c e d t o g o ld 4 ‘ 2 s.
J - J 109
.......... 111 M a y ’ 03
J -J
116*8 A p r ’ 0 1
M-N 1 1 1 * 4 .......... 111*4 M a y ’ 03
J -D 10 0
.......... 102*o M a y ’ 03
J -D
1 0 6 M a y ’ 01
E M in n 1 st d iv 1 s t g 5s.
A -O 10 2
.......... 1 0 4 M a y ’ 03
R e g i s t e r e d .....................
A-O
A -O
J -J
128 A p r ’ 02
M o n t C 1 s t g u g 6 s ...........193 J - J
132
.......... 134 M a r ’ 03
R e g i s t e r e d ........................ 193 J - J
115 A p r ’ 97
1 s t g u a r g o ld 5 s .............1 9 3 / J - J
113*4 1 1 9
118 *2 M a y ’ 03
W il l A S F 1 s t g o ld 5 s . . 193; J -D
125 *2 F e b ’ 02
S t P A X o r P a c S ee N o r P a c
S t P A S ’ x C ity S ee C S t P M A t
S F e P r e s A P li 1 st g 5 s . . . 194: M-S
111 A u g ’ 01
S A A A P S ee S o P a c C o
S F A N P 1 st s in k 1 g 5 s . 1919 J -J
1 1 3 34 D e c ’ 01
A -O 126
.......... 1 2 8 O c t ’ 02
A -O 1 1 3 * 2 .......... 1 2 3
D e c ’ 99
S t J o h n 's D iv 1st o ^
J -J
95*4 N o v ’ 01
A la M id 1 s t g u g o►
Id
M-N 3.09*2 . .
111 A p r ’ 03
J -J
8 7 A u g ’ Ol
S il S o O ca A G g u g 4 s . . 1 ___ J - J
95*4 M a y ’ 03
S c io to V a l A N E S ee N o r A W
S e a b o a rd A i r L iu e g 4 s . . . 1 9 ;
AO
80
80*4
SOR
M-N 1 0 1 *0 S ale 101*2 101
C o ll t r r e fu n d g 5 s ..........19
S ea b A R o a 1 s t 5 s ................19:
J -J
1 1 1 Hi.......... 111 *4 M a y ’ 03
C ar C e n t 1 st c o n g 4 s . . . 1949 J -J
94
95 *2 F e b ’ 03
S lier S k r A S o S ee M K A T
S il S p O ca A G S ee S a v F A W
S od B a y A S o 1 s t g 5 s ........ 1
J -J
102 J a n ’ 03
S o C ar A G a S ee S o u th e r n
J -D
97
S ale
97
9 7 34
J -D
88 S ale
88
88*2
R e g is t e r e d
J -D
95 A p r ’ 02
J - J * .......... 105
105 *2 F e b ’ 03
C e n t P a c 1st re f
F -A
99
S ale
9 8 78
99*8
R e g is t e r e d ___
F -A
99 *4 M a r ’ 03
J -D
85
86
85 cs
85 Y?
R e g is t e r e d
J -D
F -A 1 0 5
_____ 110*4 F e b ’ 03
2 d g o ld 7 s .........................]
J -D 100
105
F e b ’ 03
M e x A P a c l s t g 5 s ___ ]
M-N 1 0 3 *<2.......... 109 7s J a n ’ 03
G ila V G A N 1 s t g u g 5 s . 1924 M-N
109*2 F e b ’ 03
l l o u s E A W T 1st g 5 s . 1
M-N
105
M a y ’ 03
1 s t g u a r 5vS r e d ........... 1
M-N ...................... 102*2 D e c ’ 02

R

___

1 2 4*2127
.
.... n o
m e
109
in
,109 113

....

100 c 1 o n u.
100*4 100*4
104
....
23

13

....
....

95*2
96
9 0 7e

98*2
96
96

94
88

99
92

110*2 112*2
92

92

87

94

S

105 1 0 6
103 e 1 06
127 R 129
0 110 115
95*2 95*2

1 10 0

10 0

78

85 *2 9 1 7
e
124 124
3 85
88*2

29

10
12

93*2
8 0 3s
80*4

97*2
85 e

86

113*8 113*0
131*2 135*4

109

i n *2

111
102

114
104

103*2 105*2

134

134*4

118 * 118 R
2

111
95
9

1124,
96*2

79

S 4 3g

8 l o i *0 103*2
111*4 111*4
95*2 95*2

102
8
26

97

88

102
100*8
92 *s

1 0 5 *2 1 0 5 *2
98
102
99*4 99*4
13 8 4
88 *
2

5 ‘i

110*4 1 1 2

105
107*3
109*2
105

105
109 7s
1 0 9 *2
105

1239

BONDS
N. Y. ST O C K E X C H A N G E
WEEK E NDIXG J UKE 5
S o u th e r n P a c C o—( C o n tin u ed j
H A T C 1st g 5 s in t g u . . 1937
C o n s o l g 6s in t g u a r . . . 1912
G e n g o ld 4 s in t g u a r .. 1921
W acoYfe N W d iv 1st g 6 s ’ 30
M o r g a n ’ s L a A T Is t7 s .l9 1 < ^
1st g o k l 6 s ....................... 1920
N Y i i M e x g u 1 st g 4 s . 1912
N o Of Oal 1 s t g u g 6
190'/
G u a r a n te e d g o ld 5s
1938
O re cC C a l 1 s t g u a r g 5 s . 1927
S A A A P a ss 1 st g u g 4 s . 1943
S o P o f A r g u 1 st g 6 s . . .6*1909
__c l 9 10
1 st g n a r g 6s
S P o f C a l 1 st g O v
. 1905
1 st g 6s s e r ie s B ............1905
1 st • Os s e r ie s 0 A D . . 1906
’
1 s t g 6 s st*L ie s K A F .. .1 9 1 2
1st g o l/l Os...... .................1912
1st c o n g u a r g 5 s .......... 1937
S t a m p e d ........ 1 9 0 5 -.. 1937
S P a c o f N M e x 1 s t g 6 s . . 1911
S P C o a s t 1 s t g u g 4 s ___ 1937
T e x A N O 1st 7 s ..............1905
S a b in e D iv l s t g 6 s ___ 1912

P r ic e
F r id a y
June 5

W eek 's
R ange or
L a st S a le

R ange
1
S in ce
< ja J a n u a r y 1

H id
A s k L ow
J liu h
11 L Sale 112
112
10 7
.......... 111 M a r ’ 03
92 M a y ’ 03
.......... 92
1 2 7 R F e b ’ 02
A -O 1 2 7 34 .......... 130 N o v ’ 02
122 S e n ’ ov
J J
A-O
'
j .J
113 J a n ’ 01
\ -O 115
105 H NovMj]
i
J -J
79
.......... 7 9
79
J -J
. . . . . . .......... 110 *4 A p r '0 3
J -J
111 *2 A p r ’ 0
J -J
A - O io 3 ° H .......... J 03 R .Mhv’ O.
A -O 1 0 4 * 8 ......... 104*4 M a y ’ 03
1106 R M a y ’ lR
\ - O 1 0 6 *i .
A -O 1 1 0 »H .......... 1 1 9 34 F e b ’ 03
A-O 1 1 6 ^ . .
119 M a r ’ 03
M-N 1 0 3 1 . .......... 1110 M a y ’ 03
.......... 107 *2 M a y ’ 03
M-N 1 0 s
112 M a y ’ 03
..........112
J -J
J -J
108 M a yb eF -A .......... 107
111 >2 O c t ’ 02
M-S
.1 - J
105
Api*’ 03
.. 107
115*4
116
115 1 1 6
J -J
117 F e b ’ 03
J -J
93
S ale
92
93
M -S
113
...
112 *2 A p r 03
J -J
96*2 S ale
96*2
97
J -J
J - J * 112 .......... 120 M a r ’ 01
95
D e c ’ 02
J - J * .......... 9 6
A-O
120 S ep ’ 02
J -J
1 1 5 34 ........ llG Y rM ayM kl
J -J
116
115 M a y ’03
M-N 11 5
1 1 4 J a n ’ 03
M -S ..........112
1 2 2 * 4 ........ 122 M a r ’ 03
J -J
122
124*2 F e b ’ 03
J -J
1 1 6H>.......... 118 A p r ’ 03
J -J
99
....
101 *4 J ’l y ’00
M-S
A-O 1 0 9 * 4 .......... 11/ 9*4 A p r *03
M-N
M-N 105 H i.......... 105*2 105*2
.......... 12 3 F e b ’ 02
M-S 11 4
112 F e b ’ 03
M- S 1 1 0
.......... 115 J a n ’ 03
M -S 1 1 1
112
M-N ..........11 3 R 1 1 2
.......... 11 3 *2M a y ’ 03
M-N 1 1 0
89
.......... 93
F e b ’ 03
F-A
1 1 5 * 4 .......... 115 *2 M a r ’ 03
J -J
J -J
AO
A -O

S o L ow H igh
% ilo
112
In i
112
90*2 94*8
....

a

79
1 10*4
111
10 J
j104*4

86 H
i
110*4
11 1 *2
10 5 34
104*4

1 1 9*2
119
. . . . 11 10
. . . . 107*2
112

1 1 !| 4
3
1 1 9 34
110 ’
11 0
11 2

—

hoi
5 05
2 8 11 4 3 118*8
S o u th e r n — 1st c o n g 5 s ----- 1994
4
R e g is te r e d
..........1994
116 117
16 I 9 2
M o b A O h io c o ll tr g 4 s . . 1 9 3 8
97*2
. . . . 112 * 11 3 H
2
a
M e m D iv 1 s t g 4 Ha-os... 1 996
14 95Ha 9 8 H
S t L o u is d iv 1 st g 4 s ----- 1951
a
A la C en R 1 s t g 6 s ..........1918
A tl A D a liv 1 s t g 4 s . __ 1948
_____ ______
A t l A Y a d 1 s t g g u a r 4 8 .1 9 4 9
C ol A G r e e n v 1 s t Os. __ 1916
E T V a A G a D i v g 5 s . . 1 930
— . ii5
C on 1 s t g o ld 5 s ..............1956
* * 115 119*2
E T e n r e o r lie n tr o s ........ 1 938
n .4
1 1 5 34
___ |l22 12 4
G a P a c R y 1 st g 6 s ..........1922
. . . . 123 1 2 4 H
K n o x A O h io l s t g 6 s . . . 1925
a
R ic h A D a n c o n g 6 s ___ 1915
116*4 118
E q u ip s in k fu n d g 5 s . . 1909
D e b o s s ta m p e d ..............1927
1109 1 1 1 34
R ic li A M e e k 1 s t g 4 s __ 1948
S o C ar A G a 1 s t g 5 s ___ 1919
105*2 108
1 J
V ir g in ia M id s e r C 6 s __ 1910
S e r ie s D 4 -5 s _________ 1921
112 i i 2
S e r ie s K 5 s ....................... 1926
11 5
11 5
2 n o
1 1 6 *g
G e n e r a l 5 s ....................... 1936
1 13*2113*8
G u a r s ta m p e d ............1936
93
93
W O A W 1 s t c y g u 4 s . 1924
•» •• 115 115Ha
W e s t N C 1 s t c o n g 6 s . . 1914
S A N A la S ee L A N
1 2 3 * 4 .......... 117 J ’ l y ’ 00
S p o k F a lls A N o r 1 s t g 6 s . 1 939 J - J
S fa t Isl R v 1 st gu g 4 b>s 1943 J -D
1 0 4 *2 S e p ’ 02
S n n l) A L e w See, P e n n R R
S v r a B in g A N Y See D L A W
'r < h ) o A Ar S ee M K A T
.......... 1 1 1
111
1 109 1 1 2 34
JL er A o f S t L 1 s t g 4 * 2 S ..1 9 3 9 A -O 1 1 0
1 s t c o n g o ld o s ........ 1 8 9 4 1944 F -A * 1 1 6 * 4 .......... 116*4 A p r ’ 03
116*2118
mm
S t L M B g e T e r g u g 5 s . 1 9 3 0 A -O .......... 1 1 4
117 70 M a r ’ 03 m m 1 1 7 3 3 l l 7 78
T e x A N 0 S ee S o P a c C o
T e x A P a c E D iv 1 s t g 6 s .. 1905 M -S
102 M a y ’ 03
102 102
5 1 1 3 * 2 113ba
1 s t g o ld 5 s ........................... 2000 J -D 11 3 34 S a le 113*2 l l 4
87 M a y ’ 03 . . . .
87
10 0
2d g o ld in c 5 s ....................</2000 M a r .......... 95
.......... 111 J a n ’ 03
109
L a D iv B L 1 st g 5 s ........1931 J - J
111
ill
2 1 1 1 *2 1 1 3
112*4
T o l A 0 C 1 s t g 5 s ............... 1 935 J - J
1 1 2 * 4 l l 3 34 112*4
1 1 3 78 N o v ’ 02
W e s te r n D i v 1 st g 5 s __ 1935 A -O ..........113
107
F e b ’ 03
G e n e r a l g o ld 5 s ................. 1935 J -D
10 7 1.07
K an A m T1 s t g u g 4 s ___ 1 9 9 0 A -O
.......... 9 2 *2 M a y ’ 03
89
90
97
90
92
T o l P A W 1 s t g o ld 4 s . . . .1 9 1 7 J - J
91
M a v ’ ()3 - ••- 8 9
92
4 8 3 34 86
T o l S t L A W p r lie n g 3 *gs,1 9 2 5 J - J
8 5 34 S a le
8 5 34
8 5 :,4
1 7 3 34 ^0
5 0 -y e a r g o ld 4 s ................. 1950 A -O .......... 7 4 H 7 3 34
733
-j
>
T o r 11 am A B u 1 1 s t g 4 s . h 194 (> J -D
1
98
98
94
9 6 34 9 8 A p r ’ 03
I [ ls t e r A D e l 1 s t c o n g o s 1928 J -D 1 0 7 * 2 .......... 1L0 A p r ’ 03
109
110*4
U n P a c R R A I g r g 4 s . . l 9 4 7 J -J
102 *2 S a le 102*4
102*2 222 1 01*2103*8
101 \ 103*0
102*2 M a v ’ 03
R e g is t e r e d ....................... 1 947 J - J
95*4
9 6 78 1.346 9 5 *4 10 7 *4
1 s t lie n co n v e rt; 4 s ..........1911 M-N
95 *2 S a le
R e g is t e r e d ....................... 1911 M-N
105 *4 J a n ’ 03
105*4 105*4
O re R y A N a v c o n g 4 s . 1 9 4 6 J -D
9 7 *2,S ale
9 7 *2
9 8 R 36 97 R 102
O re S lio r t L in e 1 st g 6 s . . 1922 F -A 12 5
.......... 125*2 M a y ’ 03
123 " 1 2 7 * 2
1 1 1 34 11 4
1 s t c o n s o l g o s . . . : ........ 1 946 J - J
113 M a y ’ 03
1 12 *2 1 1 4
91
92
126 9 0 * 98*4
4 s A p a r t i c i p a t i n g ___ 1 927 F -A
91
S a le
1 1 0 .......... 115 N o v ’ 02
U ta li A N o r 1 s t 7 s . ........ 1 908 J - J
G o ld 5 s ............................... 1 9 2 6 J - J
105
.......... 114*2 A p r ’ 02
D n i N J R R A C C o See P a R R
U tah C e n tr a l S ee R io G r W e s
U ta h A N o r t h S ee U n P a c ific
U tic a A B la c k R S ee N Y C ent
er V a l In d A W S ee M o P
» ir g in ia M id S ee S o u th R y
V a rA S o u t h w ’ t 1 st g u 5 s .2 0 0 3 J -J
103Ha
..........1 0 3 H 103*2 1 0 3 R 29 101
>
37 115
\ \ /a b a s h 1 st g o ld 5 s ........1939 M-N 1 15 H S ale 115
11 8
>
116
VV
2 d goLd 5 s ....................19 3 9 F-A 1 0 5 34 S a le 105
1 ()5 34 49 1 0 4 R H I
D e b e n tu r e s e r ie s A ........ 1 939 J - J
10 0 10 1 79
10 1 *-i.......... 101*2 A p r ’ 03
S e r ie s B ............................. 1939 J - J
843
4
75
S a le
74*4
76*4 1217 6 7
1 s t lie n e q u ip s f d g 5 s . . 1921 M -S
104 R D e c ’ 02
D e t A C h "E x t 1 st g 5 s . . 1941 J - J
108
109 78
109 M a y ’ 03
D e s M o in D iv 1 s t g 4 s . . 1939 J -J
.......... 95
97 M a y ’ 02
O m D i v 1 s t g 3 * 8 .Y ........1941 A -O
3
85*2
84*4 S ale
84
84*4 15 81
T o l A C h D i v 1 s t g 4 s . . . 1941 M -S
9 8 M a r ’ 02
S t C h a s B r id g e 1 s t g 6 s . 1 908 A -O
109 H M a r ’ 03
>
1 0 8 109 H
a
W a r r e n S ee D e l L a c A W e s t
W a s h C e n t S ee N o r P a c
W a s h 0 A W See S o u th e r n
W e s t N Y A P a 1 s t g o s . . 1937 J -J
m^
1 1 6 118*4 117*4 M a y ’ 03 m m 117*4 118*2
G e n g o ld 3 -4 s ..................... 1943 A -O
95
98
9 7 34 101 H
a
98*2 A p r ’ 03
I n c o m e o s ......................... i l l 943 N ov
30
4 0 M a r ’ 01
W e s t N o C ar S ee S o u th R y
W e s t S h o r e S ee N Y C e n t
W V a C e n t A P 1 st g 6 s . . 1911 J - J
10 9
.......... 114*2 J a n ’ 02
W h e e l’ g A L E 1 s t g 5 s . . . 1 9 2 6 A -O ..........114*2 11 2 A p r ’ 03
112 116*2
W h e e l D iv 1 s t g o ld o s . . 1 928 J - J
.......... 1 1 3
113 S e p ’ 02
E x t e n A i m p g o ld 5 s . . . 1 930 F-A .......... 112
110 n o
110 M a r ’ 03
1 st c o n s o l 4 s ....................... 1949 M -S
9 3 34
91
91*4 20 9 0
W ilk e s A E a s t S ee E r ie
W il A S io u x F S ee St P M A M
W in o n a A S t P See C A N W
91
91*2 2 2 ! 9 0
W is C e n t 5 0 -y r 1 s t g e n 4 s . 1949 J - J
92*2
91
S ale

M ISC ELLAN E O U S BON DS—Concluded.
lU a m ifn ctu rin g A

In d u str ia l

A m H id e A L 1 st s f g 6 s . . 1919
A m S p ir its M f g 1 st g 6 s . . 1915
A m T h re a d 1 st c o l t r 4 s . . . 1919
B a r A S C ar C o 1st g 6 s . . . 1942
C o n so l T o b a c c o 5 0 -y r g i s . 1951
I )is t il S e c C o r c o n v I s t g 5 s . ’ 27
D is till o f A m e r c o ll Tr g 5 s . 1911
111 S te e l C o d e b 5 s ................ 1 9 1 0
N o n -c o n v d e b e ii 5 s ........... 1913
I n t P a p e r C o 1st c o n g 6 s . 1 9 1 s
K n ic k e r Tee (C h ic ) 1st g 5 s . ’ 2S
N a t S ta rch M fg C o 1 s t g 6 s 19 20
N a t S ta rch G o's f d e b 5 s . . 1925
S ta n R o p e A T 1 s t g 6 s . . . 1946
I n c o m e g o ld 5 s ...................1946
U S L e a tk C o s t d e b g 6 s . . 1913
TJ S S h ip b ld g c o ll A m g e 5 s . *22
1 st s f 5 s g “ A ” .................. 1 9 3 2

M -S
M -S
J -J
J -J
F -A
A -O
J -J
J -J
A -O
F-A
A -O
M-N
J -J
F -A

3 S 9 78 93
39 78
90
88
88 M a y ’ 03
94*4
80
78
7S
.......... 7 8
4 78
1 On Jfl,n ’ 00
6 7 34
61*., 3 3 5 60
60 *8 S a le
60
65
S a le
64*2
653
4 To 64 R 77
100
9 8 34 100
100 M a r ’ 03 . . . .
99 J a n ’ 99
100 M a y ’ 02
21 1U534 n o
105
106
106
106
..........
93
93
F e b ’ 03
93
95
94
95
M a r ’ 03
95
6 69
80
••••*
71
70
12 59*2 68
59 H S ale
2
59*2
60
7
6
7 7s 30
7
7
13*2
M-N IIOH 2 I U R 1 1 1 R M a v ’ 03
111 *2 114*2
F -A _____
91
91
J a n ’ 03
91
80
J - J * 40
40
40
1 40
S 9 78 S ale

* N o p r ic e F r id a y ; la t e s t b id and a s k e d .

aD ueJan

ft D u e F e b

X S Steel Corp coltr2d5s.£i’ 63 M-N
J
.U isccilaneous

A d a m s E x c o i tr g 4 s .......... 1948 M -S
A m Dk A Im p 5 s S ee C e n t N J
A m S S C o o f W V a g 5 s ___ 1 920 M-N
B ’ k lT i F e r r y C o 1 st c o n s g 5 s ’4 8 F -A
C h ic J c A St Y a r d c o l g 5 s . 1 915 J - J
D et M A M Id g r i n c o m e s .. 1911 A O
H o b o k e n L A I g o ld 5 s . ..1 9 1 0 M-N
M a d So G a r d e n l s t g 5 s . .1 9 1 9 M-N
M a n D eli H A L g e n g 4 s . . 1940 M-N
N e w p N e S liip A D D 5 s d 1990 J - J
N Y D o c k 5 0 -y r 1st g 4 s . . 1951 F -A
St J o s e p h S rk Y d s 1 s t 4 *gs.1 9 3 0 J -J
St L T e r C u p p le s S t a t ’ n A P r o p
C o l s t g 4 H 5 -2 0 y e a r ..1 9 1 7 J -D
as
S Y u b a W a t C o c o n *g 6 s . . 1 923 J - J
Sp V a l W a t W o r k s 1st 6s 1906 M -S
U S R ed A R e f 1st s I g 6 s . 19 3 1 1

SG3s S a le

8 5 34

1 0 3 34 S a le

10334

8 7 58 2027
104

35 103

...................... 10 0 34 J ’n e ’ 02 . . . .
7 3 M a r ’ 03
.......... 111 M a r ’ 01
10 6
‘i i
SO
85
83
85
50
91*4

84*6

S 7 3a
106

73

*7(5**

33

95*2

8 9 *2

95

82

85

F e b ’ 02
91*4

4

ib i

1 0 1 R .......... U S H a J ’ l y ’ 00 . . . .
8 2 A p r ’ 03 . . . .

c D u e .Mar it D u e A p r { / D u e . R u e h D u e J ’ ly fc D u o A u g p D u e N o v ^-D ue D e c

s O p t io n s a l#

BOSTON STOCK EXOHANG-E— Stock Record, Daily, W eekly and Yearly
S h a r e P r ic e s — N ot P e r C e n tu m P r ic e s
S a tu r d a y
M a y 30

M onday
June 1

'r
M
>
k!

W ed n esd a y
June 3

T h u rsd a y
June 4

F r id a y
June 5

S a le s
o f th e
Weeic
S hares

R a n g e l o r Y ea r
1903
L ow est

H ig h est

R a ilr o a d s
A t c li T o p
S a n ta F elO O 2 ,7 7 6 6 9 34 J ’ n e 5 89 78 J a n 10
22 3 93 J ’ n e 5 1 0 3 V J a n 10
D o p r e f ................. 100
6S 2 5 3 J ’ n e 3 2 6 2 V F e b 4
B o s to n & A l b a n y ___ 1(H)
68 8 14 2 A p r 2 1 54 J a n 5
B o s to n E le v a t e d ........ 100
23 2 3 4 J ’ n e 1 25 0 A p r 8
B o s to n & L o w e l l ........ 100
6 0 6 161 J ’ n e 5 195 J a n 5
B o s to n & M a in e ........ 100
2 0 17 2 J ’ n e 3 177 A p r 2 2
D o p ref
.
100
18 2 9 8 M a y 2 6 S05 M a r l3
300
B o s to n & P r o v id e n c e 100
8 1 2 14 5 J ’n e 2 157 J a n 6
148
C h ic J u n e B y & U S Y 1 ()()
5 118 A p r 9
D o -nref
_
100
L a s t S a l e 193
*191
195
M a v ’ 03 C o n & M o n t C la ss 4 . . 100
19 1 M a r 4 196 V M a r2 4
*168
.......... L a s t S a l e 1 6 8 ^2 M ay*03 ( Tonn &. P a ss R i y p r e f 1 00
■
16 0 J a n 5 1 7 0 M a r l9
2 8 1 V J a n 27 2 8 6 F e b 19
*275 283
283
L a s t S a le 286
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138
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138
138
137 78 1 3 7 7e * 1 3 5
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45
45
42 M a r 9 4 2 M a r 9
L a s t S a l e 42
M a r ’ 93 H o u s t o n E l’ t r i c c o m . 100
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__ TOO
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86
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85
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193
193
191
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193
195
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168
168
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168
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166
166
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232
232
230
230
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11 9 202 J la y 2 8 21 2 V F e b 13
204
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204
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10 0
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L a s t S a l e IOO 82 M a y ’ 03
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88
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24 8 7 34 A p r 14 95 J a n 27
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mm
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..........
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90
90
90
90
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90
90
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112 112
112
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50
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119 V 120
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152
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..
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8 Feb 3
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D o p r e f ..................1 00
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2V Jan 5
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69
68
68 V W o lv e r i n e .................... 25
69
6 9 V 70
68*4 69
1 Jan 8
2 78 M a r l 7
6 25
* 1 34
2
IV
I V W y a n d o t ....................... 25
IV
IV
134
1 78 1 7&
134
72
94
*253
145*4
23 4
#1615
*173
300*4
*147
118
*191
*168
*275
138
*42

K
o
Sd

T u esd ay
June 2

STOCKS
B O STO N STOCK
EXCHANGE

73*4
94*4
254
145*4
234
168
175
300*4
148
118
195

72
74
94
94
253*2254
145*4 145*4
•234 2 3 6
166
166
*173 1 7 5
300
-2 9 8
147
145
*118
195
*191
*1 6 8
*2 7 5 2 8 3
13734 1 3 7 34
*42
45

73*8
94*2
253
145*4
234*2
165
172
*298
145*2

7 1 V 72
69 V
735*
9 4 V 9 4 34
93
95*2
253
253 253
253
146*2 1 4 5 1 4 5 V 145
*230
234*2 * 2 3 0 2 3 6
1 6 4 V 161
165*2 1 6 3
172
* ..........1 7 4
300
*295 3 0 0
300
148
145 146
*146V

7 1 34
94 V
253
145
236
163

R a n g e l o r P r e v io u s
Y ea r (1 9 0 2 )
L o w est
7 43g J a n
95 V M a r
256 V D ec
1 49 V D e c
236 J ’ ne
1 90 V N o v
171 O c t
29 7 V J ’ n e
1 50 S ep
1 23 N o v
1 96 N o v
1 60 .T»np
2S 0 O ct
141 D e c
47 J ’ly
172 J a n
33 D ec
92 Jan
22 V D e c
2 10 J a n
170 Jan
230 Jan
206 D ec
68 M ay
79 V M ay
6 4 7s D e c
25 N o v
5 8 J an
10 3 O c t
9 3 5q D e c
8 0 58 M a r
17 2
Jan
92 V O ct
111 V D e c
1 9 V J an
39 3g J a n
145 N o v
19 D e c
76 V D ec
4 Jan
2 1 J ’ ne
1 1 2 7e N ov
115 J a n
155
M ar
12
D ec
73 A p r
3 34 M ay
122 V A p r
25 Jan
7 N ov
244 Jan
!|1713 O ct
4
36*4 N o v
82 N ov
170 Jan
1 78 D e c
87
N ov
13 5 J a n
21 D e c
216 Jan
6 Jan
10 0 Jan
2 6 O ct
2 8 Jan
1 *4 A u g
S 5V Jan
46 Jan
29 Jan
11*4 J a n
80*4 J a n
13 V Jan
49 Jan
29 V D e c
79 V D ec
*72 V M ar
22
D ec
91
F eb
S6 V Jan
89 Jan
12 V
2
53*8
IV

H ig h e s t
96 V
1 06
266
17 3 V
248
209

S ep
S ep
M ay
M ar
A pr
A pr

30 7
M ar
172
M ar
13 6
M ar
202 Jan
1 661.! p p b
295
F eb
1 48 .Mar
50 J ’ ne
178*0 J ’ ly
45 V A p r
99 J ’ a e
31 M a r
254 A pr
175 J a n
238 A p r
2 17
A pr
85 *4 S ep
91 J ’ly
9 0 M ay
110 M ar
11 3 A u g
94*8 A u g
17 8 J ’ ly
99
M ar
117 J ’ ne
3 4 7« J ’lv
5 5 V S ep
15 2 V M ay
32 V J ’ lv
.91 J ’ly
9 34 M ay
3 7 34 M ay
135 V M ar
123
S ep
1853g A p r
17*4 J a n
8 0 34 J a n
4*o M ay
1 3 0 34 A p r
79 7g A u g
9 -s M a r
28 5 M ay
3 3 2 34 A p r
413,, x o v
87*4 O c t
19 0 S ep
3 3g A p r
93 V J ’ ne
151 A p r
4 1 V S ep
2 5 0 J ’ ly
10*g O c t
177 J ’ ly
27 J a n
30
O ct
2 V M ar
117
S ep
57*4 M ay
33 V A p r
15 *4 S ep
9 1 V S ep
1 9 58 O c t
62*4 M a r
4 6 34 J an
9 7 V Jan
1T2 V A p r
33 V A p r
10 6 V A p r
11 5 V A p r
11 7 A p r

D ec
Aug
N ov
N ov
6 D ec
21
N ov
3 V Jan
' *37 V D e c
6 D ec
20 V Jan
•40 J ’ly
5 V yep
420 D ec
TO A p r
11 J a n
6*4 D e c
*25 A p r
1% Jan
15
O ct
4 3 34 M a r
18*4 M a r
54 J a n
113 D e c
1 V J an
7 V D ec

d24V A pr
4 34 M a r
7 8 78 F e b
3 34 A p r
1 6 v J ’ ly
35 Jan
13*4 M a r
1 Jan
9 D ec
3 9 34 A p r
1*20 M a r
10 V M ar
65 0 F e b
T2
Jan
2 8 M a i’
8 34 M ay
2 Jan
2*4 J ’ly
1 9 34 J ’l y
65*4 O c t
5 6 J ’ly
14 6 V Sep
11 9 J a n
5 V M ar
1 5 34 F e b

2 V D ec
9 34 i_)ec
12 V D e c
I V S ep
7 N ov
d27 Jan
3 J ’ly
l 7s J ’ly
1 Jan
•75 D e c
14 V N o v
47 V N ov
21
N ov
3 D ec
10 0 N o v
I V J ’ i*e
1 V S ep
8 N ov
14 0
D ec
•50 J a u
1 3 3q M ar
d 34 Jan
8 D ec
27
S ep
1 3 l4 J a n
13 N o v
1 9 V J ’ ly
4 D ec
d l Jan
42 J a n
•50 N o v

0 / J an
q
25
F eb
2 1 V M ay
33 q M a r
d 1:1*4 M a r
4 9 V S ep
6 O ct
4 34 M a r
1 34 J a n
4 V M ar
25 F e b
8 9 34 F e b
34 F e b
5 M ay
14 7
F eb
3 *4 M a r
4 F eb
18 M ay
28 1 F e b
3 V J ’ne
18 V J ’lv
12 5 F e b
18 V M a r
S J a g J ’ly
23 D e c
1 8 V J ’ly
27*4 F e b
7 O ct
6 Aug
65 D e c
1 34 J ’ly

mmrt B e fo r e p a y ’ t o t a s s e s s ’ ts c a lle d in 1 9 0 3 . d B e fo r e p a y ’ t o f a s s e s s ’ t s c a L le d m 1 9 0 2 . * B id a n d a s k e d . 1 N e w s t o c k , * A s s ’ t p a i d . * E x -r ig h t s .
!

Boston Bond Record

J une 6, 1903.]
BONDS
BOSTON STOCK K X C H ’GE
W e e k e n d in g J u n e 5

P r ic e
F r id a y
June 5

^•2
—

A m B o ll T e le p h o n e 4 m___ 1908
A m T e le p & T e l c o ll t r 4 8 .1 9 2 9
A t o ll & N e b r a s k a 1 s t 7 m. . 1 9 0 8
A tc liT o p A S F e g e n .g 4 s ..l9 9 5
A d ju s t m e n t g 4 m___ P l y 1 9 9 5
B o s to n ifc L o w e ll 4 a ............1907
B o s to n i t M a in e 4 **28...........1 9 4 4
I m p r o v e m e n t 4 s .............. 1 9 0 5
H ost ifc M o n Mil is s u e 7 s . . . 1904
B o s to n T e r m in a l 1 s t 3 * 8 .1 9 4 7
2
B o stU n G a e l s t 5 s t r r e c ta -1939
2 d 5s t r u s t r e c e i p t s ........1 9 3 9
B u r <t M o R i v e x 0 s ............1 9 1 8
N o n -e x e m p t 0 s .................. 1 9 1 8
S in k in g fu n d 4 s ................ 1 9 1 0
B u t te i t B o s t o n 1 st Os___ 1917
C e d a r R a p i t M o R 1 s t 7 8 .1 9 1 0
2d 7 s ....................................... 1 9 0 9
C e n t V e r m t 1 s t g 4 s . . M a y 1920
C h ic B u r l <t Q 1st 7 s ..........1903
I o w a D i v 1 st 5 s .................1 9 1 9
I o w a D i v 1 st 4 s ................. 1919
D e b e n t u r e 5 s ...................... 1 9 1 3
D e n v e r E x t e n 4 s ...............1 9 2 2
N e b r a s k a E x t e n 4 s ........ 1927
B i t S W s f 4 s .................... 1921
I llin o is D i v 3
1949
J o in t b o n d s S ee G t N o r t h e r n
C h ic J c R y <t S tk Y d s 5s . 1915
C o ll t r u s t r e fu n d in g g 4 s 1 9 4 0
C h M il «t S t P D u b D O s.. 1920
C h M ct S t P W i s V d iv 0 s l9 2 0
C h ic i t N o M ic h 1 s t g u 5 s . 1931
C h ic <t W M ic h g e n 5 s . . ..1 9 2 1
C on cord it M on t con s 4 s .. 1920
C onn it P a ss R 1st g 4 s ... 1943
C u r r e n t R iv e r 1 s t 5 s ..........1 9 2 7
D o t G r R a p i t W 1st 4 s . .. 1940
D o m in io n C o a l 1 s t O s ........ 1 9 1 3
E a s te r n 1 s t g o ld 6 s ...............1 9 0 0
F it c h b u r g 4 s .......................... 1 9 0 4
4 s ............................................. 1 9 2 7
F r e m t E lk i t M o V 1 s t Gs. .1 9 3 3
U n s ta m p e d 1 s t 6 s ............ 1 9 3 3
G t N o r C B & Q c o ll t r 4 s 1921
R e g is t e r e d 4 s ...................... 1 9 2 1

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

W eek ’ s
R an ge or
L a st S a le

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

84
100

S ale
........

105
1071,

84

106*2 106 *2 M a y ’ O
98
98
126 M a y ’ O
125*2
125*2 A p r M
J
125
106*2 107

107
106

97
.......... 108
106*4

100
'a y ’ O
108

1 3 6 * 4 ........ 137
1 3 6 * 4 ......... 137
92*8 S ale
91*4

N o t e —B u y e r p a y s a c c r u e d in t e r e s t in a d d it io n t o t h e p u r c h a s e p r ic e fo r alL B o s t o n B o n d s .

......... 100
.....
100
........
12 0

Week*
or
L a s t S a le

112
121

R ange
S in ce
-C A IJ a n u a r y 1

H ig h S o \Low

A s k L ow

......... 100

I llin o is S te e l d e b e n 5 s ___ 1 910, J - J
N o n -c o n v e r t d e b e n 5 a .. . 1913 A -O
l a F a lla i t S io u x C 1 s t 7 s . . 1917! A -O !
K a n C C lin <fe S p r 1 s t o s . . . 1 925' A -O
K a n C F t S <t G u lf 1 s t 7 s . .1 9 0 8 ' J -D
K a n C F t S c o t t i t M Os___ 1928] M-N|
....
K a n C M i t B g e n 4 s ............1934| M -S
I n c o m e 5 s ................... M a r l 9 34 S p 1
.... i o i i o i
K a n O i t M R y i t B r 1 st 5 s l9 2 9 A -O
___ 113*2 113*2 K a il C S t J o i t C B 1 s t 7 s . . 1907 J -J
___ 1 0 2 % 113
L R i t F t S m Id g r 1 s t 7 s . . . 1 9 0 5 J - J
M a in e C e n t c o n s 1 s t 7 s ___1912 A -O
80
91
. . . . 115% 1 1 5 %
C o n s 1 s t 4 s .......................... 1912 A -O
M a rq H o u g h ct O n t 1st Os. 1925 A -O
. . . . 99*4 99*2 M e x ic a n C e n tr a l c o n s 4 s . . 1911 J - J
1 s t c o n s i n c S s ............J a n 1 9 3 9 J ’ ly
2 d c o n s in c 3 s ............J a n 1 939 J ’ ly
. . . . 132*4 132*4
L1 7 *4 117 *4 M ic h T e le p c o n s 5 s tr r e c .1 9 2 9 J - J
M in n e G e n E le c c o n g 5 s 1 929 J - J
*’ 3 8 4
88
5 100*8101*4 N e w E n g C o t Y a r n 5 s -----1 9 2 9 F -A
N e w E n g T e le p h Gs............1900] A -O
.... 101 *4 102*2
Os ............................................. 19071 A -O
. . . 1 0 5 34 1 0 5 34
O s ....................................
1 9 0 8 A -O
6 9 8 100*8
5 s ............................................. 1915 A -O
N Y<fc N E n g 1 s t 7 s ............ 1 905 J - J
.... 98
1 s t 6 s ......................................1 905 J - J
99
. . . . 93*2 96Hi O ld C o lo n y g o ld 4 s ............... 1924 F -A
O r e g R y <feN av c o n g 4 s . . 1 9 4 6 J -D
. . . . 105 *2 1 0 7 34 O r e g S h L in e 1 s t g Os........1 922 F -A
1
X 97
98*2 R e p u b V a lle y 1 s t s f O s ... 1 9 1 9 J - J
R u tla n d 1 s t Os........................ 1902 M-N
120 128
R u tla n d -C a n a d ia n 1 s t 4 s 1949 J - J
V " . 125*2 127*2
S a v a n n a h E le c 1 st c o n s 5 s. 1952 J - J
. . . . 104*2 107
.... 100 107*2 S e a ttle E l e c 1 s t g 5 s ..........1 9 3 0 F -A
T o r r in g t o n 1 s t g 5 s ............1 9 1 8 M -S
. . . . 112*4112*4 U n io n P a c R R i t 1 g r g 4 s . 1 9 4 7 J - J
2 100 1 0 3 34
1 s t lie n c o n v 4 s .................. 1911 M-N
U n ite d F r u it c o n v g e n 5 s . 1911 M -S
. . . . 97 1 0 0
3 107*2 1 1 0
V e r m o n t i t M a s s o s ............1903 M-N
. . . . 106*4 107*4 W e s t E n d S t r e e t R y g 5 s . . 1 9 0 2 M-N
G o ld 4*28................................1 9 1 4 M -S
G o ld d e b e n t u r e 4 s ............ 1 9 1 6 M-N
. . . . i ’3 7 1 3 8 ,
G o ld 4 s ....................................1917 F -A
. . . . 1 3 7 137*2 W e s t e r n T e le p h <fc T e l 5 s . 1 932 J - J
64 89*2 94*2 W is c o n s in C e n t 1 s t g e n 4 s l 94 9 J - J
W is c o n s i n V a lle y 1 s t 7 s . . 1 9 0 9 J - J
. . . . 9 2 34 94

101*4 A p r ’ O
1 0 5 34 F e b ’ O
99 H
9 9 h 99*2
106
D e c ’O
98 4 M ay’O
95*2 94*4 M a y ’ O

100

B id

Low J lig h
9 7 34 99*8
94*2 9 8 %
113*2 113*2
" * 5 9 8 % 1 0 1 34
8 88
92*2

100*8
00
110 A p r ’ 0

100

P r ic e
F r id a y
June 5

17
61

100

132*4
117*4
84

BONDS
B O STO N STO C K E X C IT G K
W e e k E n d in g J u n e 5

AT

Hid
A s k L ow
98*2 Sale
98*4
96
S ale
95*2
96*4
b ’ Ot
113*2
9 8 34 S a le
9 8 7t
9 8 34
89
901
104*2 A p r* 0
126% A p r ’ 0
9 9 78 J a n ’ 0
101
M ar’ O
113*2 J a n
113
90*2
115
1155a
105*2
99 H
i

M-N
J -I )
Q -F
J -J
A -O
A -O
M-N
F -A
M-N
M -S
J -J

R ange
S in c e
J anu ary 1

$ J

1241

100 M a y ’ 03
99*4 M a y ’ 03

130

F e b ’03

100*2

100*2

120

120

112*2 F e b ’ 03

M a r ’ 03
98
9 0 M a y ’ 03
88
106*8 M ay*03
iiV) 109*2 A p r *03
109
102 A p r ’ 03
102 103
123*4 A p r *03
105 *4 M a y ’ Ol
1 18 A p r *03
75 H
i
7 6 *8
6
78
2 4 34
24%
21*2 J ’ ne*02
83 D e c ’ 02
103 10 5
104 M a r ’ 02
10 0 *
H
100 S a le 100
102 A p r ’ 03
105
F e b ’ 02
104 N o v ’ 02
100*8 M a r ’ 03
104
104
104
102
102% A p r *03
1 12
M a y ’ Ol
100*8 O c t ’ 02
124*4 N o v ’ 02
105
O c t ’ 02
1 0 0 J ’ ne*02
1 02
M a r ’ 02
.......... 95
95 A p r *03
..........104*2 104% M a y ’ 03
107
F e b ’ 03
101*4 101*4
983* M a y ’ 03
10 5
105*2
100 S e p ’ 02
10 1 O c t ’ 02
10 8 J a il ’ 03
102*4 A p r *03
102*4 102*4
103
103
87*4 J ’ l y ’ 01
j l 14 *2 A p r ’ 03
97
92

* N o x>rice F r id a y ; la t e s t b id a n d a s k e d .

....

H ig h

100
101*2

1100
98
1
130

13 0
i 100 *-. 104
. . . . 112*2 112*2
2 1117 124*4
....
99
98
...
88
91
. . . [ IOC *8 10 8 *2
. .. !l0 9 H 11 1 *8
i
101
104
123*4 123*4

11
1

118
118
75*4 7 8 34
2 4 3 26
4

41 LOO

10 3

106*8 100 *8

104

106

1 0 ‘2 34 1 0 3 34

95
96 H
a
104*2 1 06
107 107
100*2 101*4
985a 106
10 105 11 1
106*2
1 0234
2 102*4
15 102%

1 08
1 0 2 34
104*4
105

114*2114*2

If T r u s t Co. c tfs .

Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
S h a r e P r ic e s —N ot P e r C e n tu m P r ic e s
S a tu r d a g
M a y 30

M onday
June 1

T uesd ay
June 2

W ed n esd a y
June 3

A C T IV E

T h u rsd a y
June 4

STOCKS

( F o r B o n d s a n d I n a c tiv e
S to c k s see b e lo w )

F r id a y
June 5

S a les
th e
W eek
S h a res

R a n g e J or Y e a r
1903

01

L ow est

H ig h est

R a n g e lo r P r e v io u s
Y e a r (1 9 0 'i )
H ig h e s t

L o w est

B a ltim o r e

68 78 69

*108
2 3 7s

>

23
5 34
27

23

0
27*4

08*2 69
40

40*4

*4

%

y
k!

6 3 ii0 63H>
41
41
65i 6 6*2

11*2 11*2
2 3 % 24% 0

41 %
*3 2 H
i
4 5 34
90*8

41*8
33*2
40L
90 H
i

P H IL A D E L P H IA
In a c tiv e S to c k s
A m e r ic a n C e m e n t ........ 10
A m e r I r o n & S t e e l___ 50
A m e r ic a n R a i l w a y s . . . 50
B e ll T e l e p h o n e . . . ........50
C a m b ria I r o n ..................50
C a m d e n < a T r e n t o n ___ 10
S
C e n t r a l C oa l & C o k e . 100
P r e f e r r e d ................... 100
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 ille B e s s e m e r ... 1*2
D ia m o n d S ta te S t e e l........
P r e f e r r e d ...........................
E a s to n C o n E l e c t r i c . . . 50
E l e c t r i c o f A m e r i c a . . . 50
E le c S to r a g e B a t t ___ 1 0 0
P r e f e r r e d ................... l o o
G e r m a n t o 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
I n d ia n a p o lis S t ___
100
I n t e r Sin P ifc I ) y n a m ..5 0
K e y s t o n e T e le p h o n e .. 5 0
P r e f e r r e d ..................... 50
L i t B r o t h e r s ................... 10
L it t le S c h u y l k i ll............50
M in e h ill & S ch u y 'l H . . 5 0
N e s q u e lio n in g ..............50
N H a v e n I r o n & S t e e l .5
N o r t h P e n n s y l v a n i a ..50
P e n n s y lv a n ia S a lt ........50
P e n n s y lv a n ia S t e e l .. 100
P r e f e r r e d ................... 1 0 0
P ln la C o (P it t s ) p r e f . . .5 0
P h i l G e rm a n & N o r r i s .50
P h ila T r a c t io n ............... 50
R a ilw a y s G e n e r a l........ 10
S u squ eh Iro n & S t e e l..5
T id e w a t e r S t e e l............10
U n it e d N J R R & G ..1 0 0
U n i t P o w & T r a n s ___ 25
U n it e d T r a c P i t t s ........50
P r e f e r r e d ...................... 50
W a r w i c k I r o n ifc S t e e l. 10
W e s t J e r s e y & S e a S h .5 0
W e s tm o r e la n d C o a l . . . 50

6 8 34

1 1 4 34

24

12*2 12*2

&
c
-H

6 8 34

M

4 0 34 4 0 34
12*4 12*4

23
5*2
26*2

23*8
5 34
26*2
* 60*2 70
40%
40
3
3
*4
%

2 3 34 2 3 34
4 0 34 4 0 34
12*4 12*4

23
5%
26*2

2338
5%
27
* 00*2 7 0
40
40%

68*2 6 8 % C o n s o lid a te d G a s ............ 10 0
N o r t h e r n C e n t r a l . . . . . . 50
*108
112
2334 2 3 %
23
2 1 S e a b o a rd A i r L i n e ........ 10 0
D o p r e f ..................... 100
*40
39*8 39*8
40*2
U n ite d R y <fc E l e c t r i c .. 50
12
* 1 1 % 12
12

69
*108

69

22 78 22 7«
5 % 5 H 10
26
* 68*2
40

26*2
69*2
40

%

*4

62
63*4 6213x0 03 *2
42
42*2
42*8
41*2
6 38 6*2
6*4
6 % 67 i 0
* 1 1 % 12*4
11*2 11*2 *12
23**m 2 4 ^ 2 3 15i6 249i 6 2 3 * ii0
*41*4 4 1 34 *41*2 4 2
41*4
34
34
*3 2 % 33H> *32*2
46
46
46
40
46*8
90
9 0 78 9 0 78
90*8
90*2
27*2 27H>

S2131Q
41*2
6 5xo
13
24*4
41*4
33
40
90*4

%

*4

63
41

B id
7 7s

A sk

45
47

47*2

1
2

15

8*2

6 3 34

8 *s
145

..........
—

..........
62*2
50%

iio
50
46
9 6 3*

107*8
"o “i ”
90
46*2
97

" 1 78 ” 2 “
2*4
2%

69
's i"

5*2
25*2

*68

40
* 2%
*4
* *2
61
41

0*4
*12
2 3 * 16
*40*2
*32
*45%
89 34

1 1 ? 78
19*2

A t l C ity 1 st 5 s g ’ 1 9 . M -N
B a lls T e r 1 st 5 s 1 9 2 6 . J -D
B e r g & E B r w 1 st 6 s ’ 21 J -J
B e tlile S te e l 6 s 1 9 9 8 .Q -F
O h e & D C a n 1 s t o s ’ 10 J -J
C h o c <fc M e 1 st 5 s 1 9 4 9 J-J
Ch O k & G- g e n 5 s ’ 19 J -J

111*2
93

113*4
109
105*4

E & A 1 s t M 5s 1 9 2 0 M -N
E le c <& P e o T r s t k t r c tfs
E lm ifc W i l 1 s t 6 s ’ 1 0 . J -J
I n c o m e 5 s ___ 2 8 6 2 .A -O
E q I I G a s -L 1 s t g 5s 1 9 2 8
H <fc B T o p c o n 5s ’ 25 A -O
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 * $ ’ 1 4 .Q-J
2
R R s 4 s g ........ 1 9 1 4 .Q -F
G e n M 4 * 2 S g .l 9 2 4 .Q - F
L e h V C 1 s t 5 s g ’ 3 3 .. J -J
L e h V e x t 4 s 1 s t 1 9 4 8 . J -D
2 d 7 s 1 9 1 0 .................M -S
C o n s o l e s 1 9 2 3 ........ J -D
A n n u it y 6 s ..............J -D
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 5s 1 9 5 1 .J-J
N e w C o n G a s 5s 1 9 4 8 J -D
N e w a rk P a ss co n os 1930
N Y P li & N o 1 s t 4s ’ 39 J-J
I n c o m e 4 s 1 9 3 9 ...M - N
N o P e n n 1 s t 4 s ’ 3 0 . . M -N
D e b e n 6 s 1 9 0 5 ........ M -S
P e n n g e n Os r 1 9 1 0 .. V a r
C o n s o l Gs c 1 9 0 5 . . . V a r
C o n s o l 5 s r 1 9 1 9 .. . V a r
P e n n ifc M d S t e e l c o n 6 s.
P a ct: N Y C a n 7 s ’ 0 0 . J -D
C o n 5 s 1 9 3 9 ............. A -O
C o n 4 s 1 9 3 9 ............. A -O
P e n n S te e l 1 s t o s ’ 17 M -N
P e o p le ’ s T r tr c e r t s 4 s ’ 43
P C o ls tifc c o l t r 5 s ’ 49 M -S

* B id a n d a s k e d p n o e s ; n o s a le s o n th is d a y .

P h ila d e lp h ia
*q .Tan 1 0
A m e r ic a n A l k a l i ____ _ 50
*8 J a n 10
*8 S ep
D o p r e f ...................... 50
23
C a m b r ia ‘S t e e l .................. 50 3 ,3 3 1 2 2 34 M a y 25 26 34 J a n 5 2 3
M ay
5 % C o n s o l L a k e S u p e r i o r .. 10 0 3 ,6 1 5 3 131G M a r l l
6 D ec
9 9ic J an 2
D o p r e f ..................... 100 3 ,4 8 5 15 *2 M a r l 2 4 0 34 J a n 2 33
26
D ec
3 5 0 68 M a y 21 7 9 34 F e b 5 65 N o v
66*2 L e h ig h C o a l ifc N a v ___ 50
40*4 L e h ig h V a l l e y .................. 50 2 ,6 5 5 3 7 7s J a n 3 4 5 7p J a n 30
29*4 N o v
3
M a rsd e n C o ....................... 100
50
2 7a A p r 14
4 Jan 0
2 7s F e b
110
*8 F e b 6
*2 F e b 8
*4 A u g
% N a t A s p h a lt T r C o r e c t s 50
%
D o p r e f T r C o r e c t s 50
*2 J a n 7
1 F e b 10
5 i 0 O ct
62*4 P e n n s y lv a n ia R R .......... 50 6 ,9 5 3 01 -T’ n e 5 7 8 34 J a n 6 7 3 34 J a n
4 1 7e P liila d e lp ’ a C o (P it t s b ) 50 2 ,9 1 2 41 J ’ n e 1 4 7 34 F e b 10 43*2 D e c
0*4 M a r l 3
9 J an 8
6 °x 0 P h ila d e lp h ia E l e c t r i c .. 25 6 ,5 3 0
3*8 J a n
13
P liila R a p id T r a n s i t . . . 50
39 11 M a y l9 17 78 J an 5
8*4 J ’ ne
2 3 % R e a d i n g ............................. 50 2 7 ,1 9 0 23*16 J ’n'e 5 34**16 J a n 9 26*4 M a r
41
155 4 0 58 A p r 14 44**i b F e b 6 4 0
D o 1 s t p r e f .............. 50
M ar
D o 2 d p r e f ............... 50
200 3 3 A p r 16 40*8 J a n 6 3 0 J a n
33
46*8 U n io n T r a c t o n ................ 5 0 1 ,3 3 5 4 5 M a y 2 7 4 7 34 F e b 16 32 J a n
90
U n ite d G a s I m p t ............ 50 5 ,9 1 5 89 *8 M ay 19 116*2 J a n 31 101 *2 M av
20 W e ls b a c h C o .................... 10 0
35 2 4 J a n 8 31
M a r ll
24 Jan
A sk

B id

B onds

8

5
45*2

X
4

P H IL A D E L P H IA

2 2 7g

110

9 8 34
113*2

114

100

A sk

9 7 34 98*8
64H>
11 5
116*2
105*2
123*4

120*2
116*2
10 5 *i l o 6
105
10 6
123*4
10 8
112
111 )
114*2 117

08*2 . . . . . .

B A L T IM O R E
In a ctive S tock s

85

110
110
115*4

1 2 0 34 121
119
135
60

B id

P h il E l e c g o ld t r u s t c t f s .
118
T r u s t c e r t ifs 4 s ................
P it: E g e n M 5 g ’ 2 0 . A -O
112 *
G e n M 4 s g 1 9 2 0 ..A & O
P h ifc R e a d 2 d 5 s J3 3 . A -O
C o n M 7 s 1 9 1 1 ........ J -I)
1 2 0 34
C o n M 6 s g 1 9 1 1 . . . . J -D
50
E x I m p M 4 s g ’ 4 7 . A -O
C o n M o f ’ 82 4 s ’ 3 7 . J -J
109*2
T e r m in a l o s g 1 9 4 1 .Q -F
P W & B c o l t r 4 s ’ 2 1 . J -J
R o c h e s t e r R v c o n 5 s 1930
S R E S id e 1 s t o s g ’ 35 J -D
U T r a c P i t g e n 5 s ’ 9 7 J -J
99
W e ls b a c h s f o s 1 9 3 0 . J -D

107 3
4
84
108
104
107

68*2 J ’ n e 5 72*2 J a n 5 62*4 J a n 74 *e S ep
1 133 A p r < 1 1 8 .Tnn 1 9 104 Jan 125*4 J ’ ly
4
v
9 7 5 23 J ’ n e 5 28*4 J a n 2 2 3 sq D e c 3 4 34 A u g
60 0 38*2 A p r 13 4 5 J a n o 40*4 D e c 55*8 A u g
17 M a r
1 ,6 8 5 1 1 78 A p r 10 14*4 J a n 3 13 O ct
52 3

137
70

14 5
260
95
45
95
73

11*2
2*4
36

16 0
26 9
98
50

100

78

12*2
2*2
38

B onds

101

ill*
104

112
1 1 1 34

107*2
98
103*4 104
109 |109*4

| L o w e s t is e x -d iv id e n d ,
|

A t la n t a ifc C h a r lo t t e .. 1 0 0
A tla n C o a st L (C o n n ) 100
C a n to n C o ...................... 100
G e o r g ia S o n <fc F l a . . . 100
1 s t p r e f ........................ 100
2 d p r e f .......................... 100
G - B S B r e w i n g ............100
M t V e r n o n C o t D u c k ........
U n it E le c L <fc P p r e f. 50
A n a c o s t ia & P o t 5 s ........
A t l & C h 1 s t 7 . . .1 9 0 7 J -J j
A t l C o a st L (C t )c t f s 5 s J -D
C tfs o f in d e b t 4 s ........J -j!
B a lt C P a s s 1 s t 5 s ’ l l M -N I
B a lt F u n d g 5 s . 1 9 1 0 M -N
E x c h a n g e 3 *2 S 1 9 3 0 J -J
R e fu n d in g 3 * S 1 9 5 2 J-J
2
B a lt & P 1 s t 6 s m 1 ’ 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 o 1 s t 5 s .. ’ 29 M -N
N o B a lt D iv 5 s 1 9 4 2 J -D
C o n v e r t ib le 5 s . ’ 0 6 M -N
C e n tr a l R y 6 s . . . 1 9 1 2 J -J
C o n s o l 5 s ___ 1 9 3 2 M -N
E x t <fc I m p 5 s . 1 9 3 2 M -S
C h a s C ity R y 1 s t o s ’ 23 J -J

t E x -a llo tm e n ts .

97

111*2 113
110
111
90
10 6

92
108

1 2 1 *2 122*2
111
111*2
113

114*2 115
119
11 8

10 0
11 5
11 6
106*4

101

B A L T IM O R E
C has R y G & E l 5 s ’ 9 9 M -S
C h a ri C & A e x t 5 s . ’ 0 9 J -J
2 d 7 s ................. 1 9 1 0 A -O
C ity & S u b 1 s t o s . _’ 2 2 J -D
C ity & S u b ( W a s ) l s t 5 s ’ 4 8
C o life G rn v 1 s t 6 s. 1 9 1 6 J-J
C o n s o l G a s 6 s . . . 1 9 1 0 J -D
5 s ........................ 1 9 3 9 J -I)
G acL A la 1 s t c o n o s ’ 45 J -J
G a C ar & N 1 s t o s g ’ 2 9 J -J
G e o r g i a P 1 s t 6 s . . . ’ 22 J -J
G a S o <fc F la 1 st o s 1 9 4 5 J -J
G -B -S B r e w 3 -4 s 1 9 5 1 M -S
2d in c o m e o s 1 9 5 1 M -N
K n o x v T r a c 1 s t o s ’ 2 8 A -O
L a k e R E l 1 st g u 5 s ’ 4 2 M -S
M e t S t ( W a s h ) is t 5 s ’2 5 F A
M t V e r C o t D u c k 1st 5 s.
I n c o m e s .........................
N e w O rl G as 1 s t 5 s . . V a r
N p t ATfcO P 1 s t 5 s ’ 3 8 M -N
N o r f o lk S t 1 s t 5 s ’ 4 4 . .J -J
N o r t h C e n t 4 * S 1 9 2 5 A -O
2
6 s 1 9 0 4 ..........................J -J
S e r ie s A o s 1 9 2 6 ___ J -J
S e r ie s B 5s 1 9 2 6 ___ J -J
P it t U n T r a c 5 s 1 9 9 7 .J -J
P o t o V a l 1 s t o s 1 9 4 1 ..J -J
S e c A v T ( P i t t s ) 5 s ’ 3 4 J -D
S a v F la <fcW est 5 s ’ 3 4 A -O
S e a b o a rd A L 4 s 1 9 5 0 A -O
S ea b cfc R o a n o s 1 9 2 0 . J-J
S o u th B o u n d 1 st 5 s ..A -O
UE1 L & P ls t 4 * 2 S ’ 29 M -N
U n R y & E l 1 st 4 s ’ 4 9 M -S
I n c o m e 4 s 1 9 4 9 ........ J -D
V a M id 1 s t Gs 1 9 0 6 ..M -S
2 d s e r ie s 6 s 1 9 1 1 . . . M -S
3d s e r ie s Os 1 9 1 6 . . M -S
4 th s e r 3 -4 -o s 1 9 2 1 . M -S
5 th s e r ie s 5s 1 9 2 0 .M -S
V a (S ta te ) 3 s n e w ’ 3 2 . J -J
F u n d d e b t 2 -3 s 1 9 9 1 .J -J
W e s t N C c o n Os 1 9 1 4 J-J
W e s V a C & P 1 s t Og’ l l J -J
W il & W e ld 5 s . .1 9 3 5 . J -J

1

A pr

29*8 S ep
36 A p r
80*4 A p r
7 9 34 S ep
38*2 D e c
5 * * i« O c t
34 J ’ ly
i 34 J ’ly
85
S ep
5 0 58 A p r
9 *2 S ep
1 8 7s O c t
39a16 S ep
45 *8 S ep
405i6 O c t
4 8 34 F e b
12 6 M ay
40*2 Sep'

B id

A sk

88

91

11 5
114
96
11 5
11034 111*4
113
113*2
109
110 l'iO*2

122

1 1 4 % 115*2
49*0 5 0
34 " 34%
1 0 0 *0
118
13*
67 % 68
18
19*2
99
109

100
LiO

110
103

120

120
114

112
118
115
80
113
10 9
84
92%
65
105

111
115

113*2
80 \
85

923
4
65*8

112*2

110
110
93
95
94*2 9 6
114
113
113*2

120

121 H
i

THE

1242

CHRONICLE.

Volume of Business at Stock Exchanges
T R A N S A C T IO N S A T T H E i\ E W Y O R K STOCK E X C H A N G E
D A IL Y . W E E K L Y A N D Y E A R L Y
S to c k s

W eek e n d in g
June 5
ly u 3

P a r v a lu e

S h ares

S a tu rd a y
M o n d a y ’ ................
T u e s d a y ................
W e d n e s d a y ..........
T hu rsday
F r i d a y ..................

5 2 1 ,5 4 0
7 3 6 ,5 8 2
7 1 8 ,22S
7 5 9 ,4 8 1
8 7 7 ,6 2 3

|

$ 5 0 ,3 8 6 , 6 0 O1
6 9 ,5 3 1 ,5 0 0
6 5 .6 5 9 ,0 5 0 '
6 8 ,2 6 7 ,1 5 0 !
£ 1 ,2 9 0 ,5 5 0

H O L ID A Y
$ I,6 4 6 ,5 u 0
2 .5 4 7 .5 0 0
2 .4 8 6 .5 0 0
2 .2 1 9 .5 0 0
2 .7 7 6 .5 0 0

W eek e n d in g J u n e 5

S a les a t
K e w Y o r k S tock
E xch a n ge

$ 3 ,0 0 0
$ 3 ,0 0 0

$ 5 ,0 0 0

J a n u a r y 1 to J u n e 5

1902

1903

B onds

$ 5 ,0 0 0

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

T o t a l ..................

V s

S ta te
B onds

B onds

1902

1903

8 1 .0 9 1 ,5 9 4
7 0 ,3 9 2 .6 4 6
1 .2 6 7 ,9 2 3
3 ,6 1 3 ,4 5 4
S t o c k s —N o. sh a res
P a r v a l u e .......... $ 3 3 5 ,1 3 4 ,9 0 0 $ 1 1 8 ,0 1 6 ,2 0 0 $ 6 ,6 3 7 ,6 7 4 ,4 7 5 $ 7 ,6 4 9 .8 5 6 .u 7 5
5:260,450
$ 3 9 6 ,5 0 0
$ 3 1 ,1 0 0
$ 2 4 ,5 0 0
B a n k sh a res, p a r ..
BONDS
$ 4 2 2 ,6 0 0
$ 6 5 0 ,7 5 0
$ 7 ,0 0 0
$ 3 ,0 0 0
G overn m en t bon ds
1 ,2 9 1 ,0 0 0
3 2 3 ,6 0 0
5 ,0 0 0
6 3 .5 0 0
S ta te b o n d s ___
4 3 0 ,0 8 4 ,3 0 0
2 9 5 ,4 2 3 .4 0 0
1 3 ,8 2 2 ,0 0 0
1 1 ,6 7 6 .5 0 0
H R . a n d m is. b o n d s
T o ta l b o n d s ___

$ 1 1 ,6 8 4 ,5 0 0

$ 1 3 ,8 9 2 ,5 0 0

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

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

D A I L Y T R A N S A C T IO N S A T T H E BOSTON A N D P H I L A D E L P H I A
EXCHANGES
W e e k e n d in g
June 5
iy u 3

L is te d
sh a res

U n listed
sh a res

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

9 ,5 6 0
1 3 .4 4 0
7 ,5 7 0
2 0 ,8 1 1
2 6 ,7 63

T o t a l............ 1 4 0 ,2 3 6

7 8 ,1 4 4

M o n d a y ..........
T u e s d a y ..........
W edn esday..
T h u r s d a y ........
F r i d a y .............

P h ila d e lp h ia

B o s to n
B ond
sa le s

L is te d
sh a res

U n listed
sh a res

____ H O L T D A Y ____
1 1 ,4 9 2
$ 5 1 ,5 0 0
3 2 .0 0 0
1 4 .8 7 6
6 7 .0 0 0
1 5 ,3 7 9
5 1 ,5 0 9
1 1 ,7 5 3
6 1 .5 0 0
1 1 ,8 4 4
$ 2 6 3 ,5 0 0

6 5 ,3 4 4

5 ,8 7 8
> 3 .6 5 5
1 3 .9 5 3
1 7 .7 8 6
1 9 .0 5 9
7 0 ,3 3 l|

B ond
s a le s
$ 5 6 ,8 0 0
7 7 ,4 0 0
6 9 .3 0 0
6 6 .6 0 0
6 9 ,0 0 0
$ 3 3 9 ,1 0 0

Outside Securities
A W e e k l y R e v ie w o f O u tsid e M a r k e t w i l l he fo u n d o n a p r e c e d i n g p a g e .
S tre e t R a ilw a y s

B id

A sk

N E W Y O R E CITY

B le e c k St<fe F u l F s t k 100
H is t m o r t 4 s 1 9 5 0 ..J -J
H B’y & 7 th A v e stk . . 100
" H is t m o r t 5s 1 9 0 4 ..J - D
f,]2 d m o r t 5 s 1 9 1 4 .. .J - J
C o n 5 s 1 9 4 3 S ee S to c k
B ’ w a y S u r f 1 st 5 s g u 1924
2d 5s in t as r e n ta l 1905
H C en t’ l C r o s s t ’ n s t k . . 100
H is t M 6 s 1 9 2 2 . . . M - N
HCen P k N <fc E R s t k . 10U
HClir’ t ’ r & l o t h St s tk 100
C o l& 9 tli A v e 5 s S ee S to c k
H D ry D E B
3 s t k 100
H is t g o ld 5 s 1 9 3 2 . . .J -D
flS c r ip 5 s 1 9 1 4 ___ F -A
H E ig h th A v e n u e s t . . . l 0 0
H S crip 6 s 1 9 1 4
F -A
H42d’ & G r S t F ’ y s tk .'. 1 0 0
H 42d S t M & St N A v 100
H is t m o r t 6s 1 9 1 0 .M -S
H2d in c o m e 6s 1 9 1 5 J -J
L e x A v tfc P a v F 5 s S ee St
M e t r o p o l S e c u r it ie s See
M e t r o p o l s t r e e t R y See
N in t h A v e n u e s t o c k . 10U
S e c o n d A v e n u e sto ck lO O
H is t m o rt 5 s 1 9 0 9 M -N
C o n s o l 5 s 1 9 4 8 ........ F -A
H S ixth A v e n u e s t o c k 1 0 0
S o u B o u le v 5 s 1 9 4 5 ..J-J
S o F e r 1 st 5 s 1 9 1 9 ...A - O
T h ir d A v e n u e S ee S to c k
T a r r y W P & M 5 s 1928
Y k e r s S t R R 5 s 1 9 4 6 A -O
2 8 th <fe 2 9 th S ts 1 s t 5 s ’ 96
H T w e n ty -T li’ d S t s tk 100
D e b 5 s 1 9 0 6 ............... J-J
U n io n R y 1 st 5 s 1 9 4 2 F -A
VVestcl’ie s t 1 s t 5 s ’ 4 3 J-J
BKOUlvIA N
A t la n A v e 5s 1 9 0 9 . . A -O
C on 5 s g 1 9 3 1 .......... A -O
I m p t 5 s See S t o c k E x c
B B Sc W E 5s 1 9 3 3 ..A -O
B r o o k ly n C ity s t o c k . . . 10
C on 5s S ee S t o c k E x c li
B k ln C r o s s tn 5 s 1 9 0 8 .J-J
B k n H g t s 1 s t 5s 1941 A -O
B k ln Q C o & S u b S ee S tk
B k ly n R a p T r a n S ee S tk
R e f g 4 s 2 0 0 2 ............J-J
H C on ey Is. & B k ly n ..1 0 0
H is t 5s 1903 ..............J-J
5 s c r t f s i n d b t 1 9 0 3 .. J-J
B r k C tfc N 5s 1 9 3 9 .J -J
G r StdfcN e w 1 st 5 s ’ 0 6 F -A
Gr*pt <fcLorim er S t 1 s t 6s
K in g s C o. E le v a te d —
1 st 4 s 1 949 S ee S to c k
N a s s a u E le c p r e f........ 100
5 s 1 9 4 4 ....................... A -O
1 st 4 s 1 9 5 1 ............ See St
N W b ’ g A: F la t 1 St e x 4
S t e m w a y 1st 6 s 1 9 2 2 . J -J

34
100
247
100
106
E x c li
*112

36
101
248
100 V
108
lis t
113
$101
101V
265
270
$123
124
210
215
185
190
E x c h lis t
115
120
116
118
103
108V
405
415
109
105
410
415
70
75
111

112
100

96
k E xc
S tk E
S tk E
190
215
$104
$113
175

list
x lis t
x lis t
205
217
106
115
180

$110

111

$105
E xch
107
108
$ll4 V
408

108
list
108
109
116
415
102
104
115
118
1 0 8 V 109

$104
111

113

h lis t
101
103
233
240
list
104
106
107
105
E x c h list
E x c h list
$ 82
385
410
100
99
100
99
114
116
103
105

S tre e t R a ilw a y s
G ra n d R a p id s R y ___ 1 0 0
P r e f e r r e d ....................100
I n d ia n a p o lis S t R y See
J C H o b 6z P a t e r s o n ..100
4s g N o v 1 1 9 4 9 . . .M -N
L a k e S t (C h ic ) E l s t k . 100
1 s t 5 s 1 9 2 8 ..................J-J
H L o u is v S t 5 s 1 9 3 0 .. J & J
Lynn<fc B o s 1 st 5 s ’ 2 4 . J -D
M in n e a p S t R y 5 s £ e e S t k
N e w O r l R y s C o .......... 100
P r e f e r r e d ....................100
4 V s 1 9 5 2 ..................... J -J
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1 st 5 s 1 9 0 9 ................J-J
N o r t h J e r s e y S t s to ck lO O
4 s 1 9 4 8 ..................... M -N
P a t R y c o n 6 s 1 9 3 1 ..J -D
2 d 6 s 1 9 1 4 ................. A -O
R o c h e s t e r R y ................100
P r e f e r r e d ................... 1 0 0
C o n 5 s 1 9 3 0 S ee P h ila
2 d 5 s 1 9 3 3 ..................J -D
S o S id e E l (C lu e ) s t k .1 0 0
S y ra cu se R ap T r 5s 1946
U n it R y s (S t L T r a n s ) 1 0 0
P r e f e r r e d ................... 100
G e n 4 s 1 9 3 4 ___ See S tk
U n it R y s S a n F r a n S’eeS tk
W a s n R y & E l C o ___ 100
P r e f e r r e d ....................100
4 s 1 9 5 1 ....................... J -D
HW e s t C h ic a g o S t ___ 100
H Con g 5 s 1 9 3 6 ___ M -N

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112
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G a s S e c u r it ie s
NEW YORK

C e n t U n io n G a s 1 s t 5 s . . .
C o n G a s (N Y’ ) s t k . S ee St
E q u it G a s c o n 5 s 1 9 3 2 See
HM u tu a l G a s ................100
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H S tandard G a s c o m ..1 0 0
H P r e f e r r e d ................100
1 s t 5 s 1 9 3 0 ..............M -N
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A m e r L ig h t & T r a c t . 100
P r e f e r r e d ....................10 0
B a ltim o r e C o n s o lid a t See
B a y S ta te G a s ................50
B in g h a m to n G a s 5 s 1 9 3 8
B u ffa lo C ity G a s s t o c k 100
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C h ic a g o G a s See N Y 's t k
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113
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103
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1st 6s 1 9 0 4 ..............M -N
HD e t r o it C ity G a s ........50
1 st c o n s o l 5 s 1 9 3 1 ..F -A $ 1 1 2 V 114
1E s s e x & H u d s o n G a s 100
D e b 6 s 1 9 1 7 ..............A .O $104
107
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74
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105^4 1 0 6
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I n d ia n a p o lis G a s s to c k 50
1 st 6s 1 9 2 0 .............. M -N
J a c k s o n G a s C o .......... 50
>3 g 1 9 3 7 .................... A -O
K a n sa s C ity G a s .......... 100
H5s 1 9 2 2 ...................... A -O
H L a cle d e G a s .................i o u
H P r e f e r r e d .................100
L a fa y ’ e G a s l s t 6 s '2 4 .M -N
L o g & W a b V 1 st 6 s ’ 25.J-l>
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N e w a r k G a s 6 s 1 9 4 4 .Q-J
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H O < fcIn d C N a t< fc 111 .1 0 0
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St J o s e p h G a s 5 s 1 9 3 7 . J J
S t P a u l G a s G e n 5 s ’ 4 4 M -S
S y r a c u s e G a s 5 s 1 9 4 6 .J-J

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D o m in io n s e c u r i t i e s . 10 0
5
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109
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10
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24
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102
98
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P r e f e r r e d .................... 10 0 129
G r e e n e C o n s o l C o p p e r .1 0 f 213, 21V
T c l e g r Sz T e le p h o n e
G u g g e n h e im E x p lo r a t i’ n 115
125
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14V 15
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82
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90 105
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H a v a n a C o m m e r c i a l .!00
20
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98
100
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70
45
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39
40
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1 0 6 1 107
4
50
60
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160
H e c k e r -J o n e s -J e w ’ l M ill
C o m m e r U n T e l ( N YT).2 5 115
1 s t 6 s 1 9 2 2 .................M -S
96 100
78
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82
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1
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47
53
40
30
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120
123
2 d p r e fe r r e d ...............100
4
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H 4V s, 1 9 0 5 .......................
95
H u d s o n R iv e r T e le p h 100
100
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106
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5
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125
50
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30
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100 120
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5 s 1 9 2 0 S ee S t o c k E x c h a n s e list I n t e r b o r o R T (fu ll p a id ) 100
1U0V
78
180
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85
1 n te r n a t'lB a n k in g C o lO O 170
P r o v id e n c e T e le p h o n e .50 1 115
120
8
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I n t ’ n ’ l M e r c M a r in e . 100
^ S o u th e r n & A t la n t i c 25 100
26
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103
25
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C o l t r d e b 4 V 1 9 2 2 o p ’ 07
7
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10
11
I n t e r n a t io n a l S a lt ___ 100
E le c t r ic C o m p a n ie s
41
40
C h ic a g o E d is o n C o . . . 1 00 15 0
15
I n t e r n a t io n a l S ilv e r . 100
154
E d is o n E l 111 B r k 4 s N Y S to c k E x ch
43
P r e f e r r e d .....................100
37
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G e n e r a l E le c d e b g 3 V s
1 st 6s 1 9 4 8 .................. J -D $100
180
1 9 4 2 ............................. F -A
82
J o h n B S te ts o n c o m . . 100 150
H a r tfo r d (C t) E le c L t 100 23 5
170
P r e f e r r e d .................... 100 150
H K in g s C o E l L<fcP C o 1 00 187
K it c h e u e r G o ld M in ’ glO O
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9734 98
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40
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45
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70
170 ISO
75
315
R h o l s l E le c P r o t e c ColOO 129
L a w y e r s ’ T it le I n s . . .1 0 0 305
U n ite d E l e c t r i c o f N J 1 0 0
34
16
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33
18
4 s 1 9 2 9 ..........................J -D $ 71
H L o n lla r d ( P ) p r e t . . . 1 0 0 120
72
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10
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F e r r y C o m p a n ie s
60
2 d 6 s 1 9 1 9 ................ M -N
33*
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7
9
M a n h a tta n T r a n s it ___ 20
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B & N Y 1 st 6s 1 9 1 1 .J-J 109
7
M e x N a t C o n s tr u e .p flO O
6
111
C o n 5 s 1 9 4 8 S ee S to c k E x c h list
M o n o n g a h e la R C o a l ..50 f 10V
80
N Y <fc E R F e r r y s t k .1 0 0
P r e f e r r e d ....................... 50 t 3934 40 V
85
1 s t 5 s 1 9 2 2 ...............M -N $ 93
M o s le r S a fe C o ............100
94
102 V
2334 24
N Y & H o b c o n 5 s ’ 4 6 . J -D 1 06
N a tio n a l C a r b o n ..........l o o
107
H o b F y 1 st 5 s 1 9 4 6 M -N $109
P r e f e r r e d .................... 100
95
110
96V
32
34
N \r & N J 1 st 5 s 1 9 4 6 . J-J 1 04
IfN a t E n a m A S ta m p 100
108
91
50
1 0 th & 2 3 d S ts F e r r y 10 0
H P r e fe r r e d ...................l o o
86
60
135
1 st m o r t 5 s 1 9 1 9 . . . J -D $104
N a t io n a l S u r e t y ..........100 125
4
38
H U n ion F e r r y s t o c k .1 0 0
N e w B r u n s C a n n e iC o a l 10 1.........
39
90
H is t 5 s 1 9 2 0 ............ M -N
49
H N ew C e n tra l C o a l ___ 20
47
91
17
14
N e w E n g C o n s o l I c e . 100
R a ilr o a d
N e w E n g T r a n s p o r ..lO O
3 16
116
C h ic P e o & S t L p r e f.1 0 0
8
116
N Y' B is c u it 6 s 1 9 1 1 .M -S 113
10
130
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X Y M tg e
S e c u r it y . 100 125
108
C o n m t g g 5 s 1 9 3 0 .J & J
93
20
26
H N ew Y o r k D o c k . . . . 1 0 0
98
52
22
49
I n c o m e 5 s 1 9 3 0 ...............
H P r e f e r r e d .................l o o
26
6
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C h R I & P a c 5s S ee S tk E x c h lis t
5V
161 165
N ic h o ls o n F ile C o ___ 100
E r ie c o n v 4 s A p r 1 ’ 5 3 (w i) $ « 7
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9 0 V 9 0 34 N o r A m L u m ’ r & P ulplO O
10
11
N o r t h e r n S e c u r it ie s .. 10 0
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H O n tario S i l v e r .......... 100
35
P r e f e r r e d ....................... 50 t 74
38
39
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78
2U
95
P r e f e r r e d .................... 100
30
V a & S o u t h w e s t e r n .. 100
96 V
P it t s b u r g B r e w i n g ___ 50 t 3l3fe 31V
I n d u s t r ia l a n d J l i s c e l
P r e f e r r e d ....................... 50 t -15 V 45 V
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P it t s b u r g C o a l...............100
105
28 V 28V
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P r e f e r r e d .................... 100
14
86 V 86 V
.........
HP r e f e r r e d ...................100
P it t s P la te G la s s ........ 100
84
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102
56Hi P r a tt & W liit n p r e f . . IOC 100
53,
A m e r ic a n C a n c o m . . . 1 00
366
P r o c t e r & G a m b le ___ 10U 362
6
442
4 45L
P r e f e r r e d .................... 1 0 0
201
P r e f e r r e d .....................100 200
4
120
A m e r ic a n C h ic le C o .. 10 0 112
R e a lt y A s s o c (B k ly n )lO O 115
118
P r e f e r r e d .................... 100
87
R o y a l B a k P o w d p r e f.1 0 0 101
91
102V
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P r e f e r r e d ....................... 10 ♦..........
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37
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2 d p r e fe r r e d ...............100 125
101 V
32
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28
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80
84
1 st p r e fe r r e d ...............100
78
D e b s f 6 8 ’ 2 4 o p ’ 0 5 .. J -J
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170
20
25
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A m S tr a w b o a r d r e c t s 100
46
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S ta n d a rd O il o f N J .. 1 0 0 649
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H P r e fe r r e d ...................100 140
142
135
P r e f e r r e d .................... 10 0 125
33
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37
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P r e f e r r e d .................... 100
S to r a g e P o w e r ................ 5 0
93
98
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4 V S w ift & C o See B o s to n St k E x c h’ ae
103
P r e i e r r e d .................... 100
1st 5 s 1 9 1 0 -1 9 1 4 ... .J - J $101
14
17
4
T e n n e s s e e C o p p e r ........ 25 t 283 29V
5s 1 9 1 9 ..........................J-J
72*2 74
H T exas & P a c ilic C oal 100
20
90
98
H B a rn ey & S m C a r . . . 1 0 0
25
1st 6 s 1 9 0 8 ................ A -O $105
HP r e fe r r e d .................. 100 125
107V
T it le G u a r & T r (n e w ) 100 460 475
160
B lis s C o m p a n y c o m ___ 50 14 0
157
T it le I n s C o o f N W . 1 0 0 152
P r e f e r r e d .......................50 140
160
21
T r e n t o n P o tte r ie s c o m 100
18
370
B o n d & M t g G u a r n e w 100 35 0
P r e fe r r e d n e w .......... 100
92
87
118
B o r d e n ’ s C o n d M i l k .. 100 115
T r o w D ir e c t o r y n e w . . 10 0
75
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P r e f e r r e d .................... 100 107
109
C a m d e n L a n d .................. 20 ♦
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U n io n S w it c h A S ig n a l 5 0 t 85
C e llu lo id C o .................... 100 114
118
P r e f e r r e d ....................... 50 i ........ 105
21
23
C e n t F ir e w o r k s c o m . 100
65
U n io n T y p e w r c o m . . l o o 108
112
60
P r e fe r r e d ................ . . . 1 0 0
3
1 st p r e fe r r e d .............. 1 0 0 114
1 18
C e n t r a l F o u n d r y ........ 100
2*2
14
P r e f e r r e d .................... 100
2d p r e fe r r e d ...............100 115
16
118
U S C o tto n D u c k ........ 10 0
61
63
2
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D e b 6s 1 9 1 9 o p ’ 0 1 M -N
100
115
C e n t u r y R e a lt y ..........100
U 8 E n v e lo p e c o m . . .1 0 0
460
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65
70
C n e s e b r o u g h M ig C o 100 4 4 0
95
934
100
H C la flin (H B ) 1st p r e f 100
U S L ig h t cfc H e a t ___ 10 t
9V
95
100
H2d p r e fe r r e d ............100
HU S R e d & R e fin in g .1 0 0 t ........
31
95
100
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HP r e fe r r e d .................1 0 0 .
60
65
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HU S S h ip b u ild in g . . . 100
1
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87
H P r e fe r r e d ...................lo O
30
1 s t g 5 s 1 9 1 7 ..............J-J $ 84
3
C o m p r e s s e d A i r C o . . . 100
B o n d s — ^ee S to c k E x c h list
64
C o n s o lid C ar H e a t in g 100
69
U S S ilv e r C o rp 6s (w i)
92V
25
H Cons F ir e w ’ k s co m .1 0 0
35
U S S te e l C orp n e w 5 s See Stk E x list
55
HP r e fe r r e d .................. 100
65
C o lt r 5 s S e r B & D 1951 108
C o n s R y L t g & R e f n g . 100
3V
4 1 U n iv e r s a l T o b a c c o . . . 100
4
1
3
C o n s o l R u b b e r T i r e . .1 0 0
7
IV
P r e f e r r e d .................... 10 0
V
4
D e b e n t u r e 4 s ...................
10
W e s t in g li A i r B ra k e
♦160 161
C o n s S to r a g e B a t t e r y ! 00
15
20
W h it e K n o b M in in g .
14 V 1434
C o n s o l T o b a c c o ............100
260
180 I W o r th im r P u m p n ref.
115 120

a E x r ig h ts .

B id
62
104 V
81
$100
12
$l o o
95
97V
62
51
$106
$138
73
list
8
53
r ii2
94
90
$ 95
40
89
100

H S e lls o n S t o c k E x c h a n g e , b u t n o t a v e r y a c t i v e s e c u r it y .

T H E

J cne 6, 1903.]

1213

C H R O N IC L E

f m r c s t m m t a m i U a ilr o a d I n te llig e n c e ,
R A IL R O A D

GROSS

EARNINGS.

The following table shows the gross earnings of every S t e a m railroad from which regular weekly or m o n th ly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from J u l y
to and including such latest w e e k or month.

The returns o f the street railways are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS

A la G t S outhern.
A la N ()
re x as
N O & No E ast.
Ala<fc V ioksb’ g
Vicksl) Sh A 1*.
A llegh en y V alley
A nn A r b o r ..........
A nn W ash A Bal.
A tch T op A S F e.
A tla n ta A C h a r..
A tl K n o x v A N o.
A tla n tic A B u m .
A tl C oast L in e ...
B a lt A A nn S L ..
B alt A O h io.........
B a n g or A A roost
B ath A H am ’ d sp ’ t
B e llefon te C ent’ !
B ricigt A Saco R .
B u d K och A eu ts
B u flalo A S u s q ...
C anadian N or.h ..
C anadian P acilic
Oane B e l t .............
C ent’ l o f Georgia
CentT o f N Jersey
C entral P a c ific ..
Oh at tan South’ n.
C hesap A O h io ...
C hic A A lton R y .
Chic G t W estern .
C hic In d A L ’ v . . .
Chic M ilw A St P
Chic A N orth W ’ n
C hic St P M A O .
C hic T erm T r RR
C in N O A T P a c .
Cl Cin Oh A St L .
P eoria A E a st’ n
C olorad o A South
Ool N ew b A L au.
C opp er R a n g e....
C o r n w a l l ...- ___
C orn w a ll A L e b ..
C um berl’ d Valley
D en v. A R io Gr. )
K io Gr. W est, s
D et A M aek m a e.
D etroit Southern.
D u l So Sh A A t l..
E r i e ........................
E va n sv A Indian
E va n sv A T H . . .
F ’rch ild A N ’r ’e’n
F a rm v A P ow h at
F t W A D en v City
G eorgia R R .........
G a South A F la ..
G ila V a lG A N ..
G r T runk System
G r T r. W est’ n.
D e t G r H A M ..
G reat N orth ern ..
M on tan a C en t’!
T o ta l system .
G u lfA S liip Islan d
H ock in g V a lley ..
H o us A T e x Cent
Illin o is C en tral..
Illin ois Southern
In d 111 A I o w a ...
In t A G t N orth ’ll
{In tern e (M e x )...
Io w a C en tra l___
Iro n R a ilw a y ___
K an aw h a A M id i
K a n C ity S outli’ u
L ak eE rieA W estn
L ehigh Val R R ..
L e x in g A E a st’ n.
L o n g Isla n d . . .
L ou H end A St L.
L ou isv A N ash v.
M acon A B irm . . .
M an’ teeA Gr. Rap
M anis A N o East

IVee/c
j to rren t
or Month j
Year
3dw k M ay
Pacific.
1st wkM ay
1st w k M ay
st wkM ay
M arch ___
Ith w k M a y
F ebru a ry .
A p r i l........
M a r c h -...,
A p r il.........
A p r il.........
A p r il.........
F ebru ary .
A p r il.........
A p r il.........
A pril.........
A p r il.........
M arch .......
ith wkM ay
A p r i l ___
1st w kM ay
H h w kM ay
M arch .......
3d w k M ay
A p r il.........
Mar oh . .
3dw li M ay
tthw kM ay
A p r il.........
4thw kM ay
3 d w k M ay
A p r il.........
A p ril.........
A p r il.........
4 til w kM ay
3dw k M ay
3 d w k Ma>
3 d w k May
4 th w kM ay
M a rch .......
M a rch .......
M arch ____
M arch .......
A p r il.........
4thw kM ay
A p r il.........
3d w k M ay
Ith w kM ay
A p r il____
tth wkM ay
ith w k M ay
A p r il....... .
A p ril.........
M a rch .......
A p r il.........
A p r il.........
M arch ___
Ith w k M a y
3dw k M ay
3 d w k May
M ay...........
M a y ...........
M a y ..........
A p r il.........
4th w k M ay
M arch ........
A p r il.........
A p r i l.........
A p r il.........
4th w kM ay
Wk M ay 16
3d w k M ay
A p r il....... .
4th wkM ay
3 d w k May
A p r il.......
A p r il.........
A p r il.........
A pril . . . .
M arch ____
3d w k M ay
A p r il.........
M a rch ........
A p ril.........

lu ly 1 to Latest Date-1

Previous
Year
&
45,708

58,866
43.000
17.000
21.000
inC.
50 ,9 6 0
5,256
5,489,109
2 9 7 ,b 9 l
59 ,4 5 0
27,545
tl 687,276
8,947
5 ,5 0 0 ,152
169,053
2,062
5,803
3,963
192,171
90,977
53.400
1,218,000
8,956
147 ,2 6 0
1,743,610
1,536,919
2,716
499,256
802,009
199.780
99,811
3,846,191
14501715
924,008
40,982
13 L,889
391,966
57,107
125,058
22,747
38,437
7,114
20,824
152,979
434,500
95 ,3 8 2
24,435
85 .4 0 0
4,1 0 4 ,2 2 4
9 ,1 4 i
47,603
3,205
6,404
174,069
171,302
139,699
50,601
972 ,3 4 0
1 11,350
18,449
3,019,395
191,635
3 ,211,030
150,773
152,783
412,04b
10,910
136,886
137,255
110,600
42,915
6,982
41.903
110,014
410,298
2,620,629
49 ,6 4 6
In c. 50
68,720
717 ,2 1 0
10,625
13,580
28,404

37.000
16.000
18,000
66,359
45,168
5,620
1,953,23b
263,992
51,628
12.193
H 523196
7 ,1 3 0
4,748,829
156,105
2,105
5,719
2,714
18 8 ,4 3 0
69,196
26,400
9 88,000
12,387
13 0 ,0 5 0
1,580,377
1,466,185
1,985
446,208
662,05b
192,733
94,217
3 ,437,908
3 ,772,224
8 68,642
4 7 ,3 4 4
112,533
35 3 ,6 9 0
52,146
139,168
20,343
18,199
7,417
24,741
89,479
4 4 1 ,5 0 0
81,211
24,047
70,453
3 ,586,8b4
9,517
42,733
3 ,7 7 0
7,969
169,017
1 54,287
93,207
28,428
829,377
93,150
22.089
2,730,732
186,511
2 ,917,243
119,728
1 31,862
36 1 ,6 4 0
3,305,236
9,915
134,193
136,877
92,920
48,222
7,667
34,777
12 0 ,7 8 2
36 7 ,8 7 0
2,326,472
45 ,4 5 0
,995
54,078
5 89,455
9,041
7,658
23 ,2 2 4

Curr&nt
Year
2,415,557
1,955,161
982,849
1 ,0 9 0 ;964
Inc.
1,821,546
54,184
5 2 ,6 4 7 ,6 5 3
2,405,025
579,91b
217,797
Q 6 ,156931
78,111
5 1 ,869,668
1 ,4 8 3 ,6 2 0
28,862
54,392
38,071
6,720,377
8 37,742
3 9 ,7 8 0 ,8 0 0
164,769
8,291,47b
14,253,713
15*,555,059
1 08,744
15,162,222
8 ,485,431
7,1 1 3 ,4 8 8
4 ,478,987
39 ,9 0 9 ,4 3 2
1141505557
10 ,212,830
1,588,310
5 ,327,341
i 7 ,73 9 ,6 3 7
2 ,574,049
5 ,581,103
148,865
2 77,032
66,358
179,308
1 ,2 6 0 ,7 9 0
15,882,639
7 83,027
1 ,273,580
2,502,021
3 7 ,1 7 2 ,2 9 4
36 6 ,3 6 b
1 ,5 9 2 ,0 0 4
33,899
62,6b0
1 ,9 2 3 ,3 3 3
1,976,751
1,362,917
232,586
3 0 ,429,818
4,4 9 7 ,4 6 3
1,059,209
3 6 ,191.135
1,940,319
33,131,451
1 ,414,138
5 ,3 5 2 ,5 4 /
4,144,094
36,964,903
1 24,606
1 ,457,179
5,065,833
4,5 1 6 ,1 5 0
2,179,071
72,605
1,118,84
5,671,131
4 ,0 0 0 ,8 6 0
2 1 ,892,684
45 4 ,2 7 5
Inc. 443
6 08,435
3 1 ,413,895
127,758
108,049
2 93,236

J*reutous
Year

Gross Earnings

A lleg h en y V a lle y ................ Jan.
A tla n ta & Cliarl A ir L in e .. Apr.
B e llefon te C en tral............. . J an.
C anadian N orth ern ............. J a n .
C entral o f N ew J e rs e y ....... Jan.
C hicago & N orth W estern . June
C hic St P M inn & O m a h a .. Jan.
C um berland V a lle y ............. \ an.
J
In tern ation al & G t N orth’ll J an.
L ak e E rie & W estern ......... Jan.
M anistee & N orth E astern Jan.
M a n istiq u e.............
Jan.
M issouri P a c ific ...
Jan.
Central B r a n c h .
Jan.
T ota l..................
{M e x ica n Central t
Jan.
M ex ica n In tern ation a l
J an.

1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to

Mar.
Mar.
Apr.
May
Apr.
Apr.
Apr.
Apr.
M ay
Apr.
Apr.
Apr.
M ay
M ay
M ay
M ay
Apr.

Ju.y 1 to Latest hate.

Ere mo us
Year

Current
Vear

$
68,074
3,002
8,034
M a n istiq u e.......... A p r il.........
25,905
M ary I’ d A Penn., A p r il.. ...
1,733,806| t M exican C en t’ l.t 3 d w k M ay 4 9 4 ,603 *416,733 20,729, l 40
8b8,42'/ ; M exican I i t e m . A pril .......
638,528
535,387 5.998,840
928,871 ; M exican R y ....... Wk M ay 16 116,600 105,900 4,662,700
413.10 >
| [M exican S ou th ’ u 2 4 wk M ay
2 l,6 2 b
860,561
21,995
1,726,857 Mtilen A S o’ w ’ u. A p r il....... ..............
40,068
3,209
2,907
11,061
55,388 M ineral R a n g e .. 3 d w k Miry
4 9 3 ,6 0 /
12,667
49 ,7 7 9 ,4 1 4 j M inneap A S t L . 3d w k M ay
45,860
68,212 2,931,857
2 ,253,686 M St P A S St M. 4th w kM ay
199,984
159.507 6,60 9 ,2 5 5
518,721 Mo Kan A Texas- 4tti w kM ay 516 ,120 504,018 16,110,136
110 ,6 11 Mo P a c A Iron Mx 4th w kM ay 1,282,000 1.131.000 36,394,539
414349347
33 .0 0 0 1,123.223
29 ,000
C entral B ranch 1th w kM ay
71,021
T o t a l............... 4th wkM ay 1,311,090 1.164.000 37,517,762
47,687,857 Mob Jaek A K C. Wk M ay2o
6,216
233,479
3,101
1,422,14 1 M obile A O h io ... A p r i l.........
557,622 6,411,974
7 0 5 .059
30,899 Nash Ch A St L .. 4th w kM ay
266,757 230.507 8.717.032
48,445 JNat’ l R R o f M ex 4th w kM ay 3 0 7 ,557 227,765 9,625,727
31,813 N ev-O al-O regon . A p r il.........
153,438
13,722
15,741
5 ,700,762 N evada C en tra l.. M a rch .......
29,810
3,463
2,765
6 98,433 N Y C & H u d Riv M a y ........... 6,712,479 5,963,616 70,881,008
553 ,950 4 6 8 ,888 4.911,801
N Y O nt A W est. A p r il........
34 ,3 2 3 ,0 8 2 N Y Susq A West A p r il.........
280 ,352 222,216 2,094,533
1 26,655 N orfolk A WestTi 4th w k M a y 560 ,109
517,819 19,107,118
7,0 1 1 ,2 6 2 Northern Centra] A p r il.........
862,602 758,902 7,670,481
13,935,719 N orth’ n P a cltic.. A p r il......... 3 ,553,727 3.246,847 39,191,397
1 5 ,193,284 N or S hore (C a l).. M a rch .......
384,999
4 0 ,8 3 0
33,587
85,828 Ohio R iv A W est.. A p r il.........
16,415
161,983
14,828
15,330,355 P a cific C oa st Co. A p r il.........
443,266 385,241 4,56 0 ,2 9 0
7 ,791,198 eP en n —E a stP A E A p r il......... 10767677 9,099,777 97,946,197
6 ,983,172
In c. 4.4
In c . 62 1,600
eW est P A E .... A p r il.........
4 .036.666 Pere M a rqu ette w 4 u i w kM ay
293,759 264,695 9,728,257
3 8 ,255,008 P h ila B a lt A W ’ sh A p r il......... 1,153,373 1.015.373 10,762,074
38 ,7 7 0 ,8 9 6 Phil a A E r ie ....... M a rch .......
617 ,126 475,061 5,031,894
9 ,995,838 Pine B lf A rk R . M a rch .......
3 ,2 ) 1
2,993
27,148
1,487,180 Pittsb C C A St L M a r c h .... 2 ,108,936 1,870,175 17,362,948
4 ,9 2 3 ,7 2 0 R eadin g R a ilw a y A p r il......... 2,9 7 8 ,185 2,766,303 25,809,781
16.588.010
C oal A i r C o ... . A p r il......... 2,8 6 1 ,155 3 ,2 3 2 ,0 5 0 17,116,068
2,2 5 2 ,9 6 6 R ich F r ’ksb A P . M a rch ____
114.202
900.546
96,122
5,045,923 Rio G ran de J e t .. M a rch ____
435,599
39,702
46,135
139,175 Rio G ran de S o ... 4th w kM ay
506,442
13,629
15,438
136,029 R o ck I s l’ d S y s t’ m A p r il ___ i>351 8153
i/38276807
86,358 R u tla n d ............... 3 d w k M ay
42,952
41,376 2,057,914
25 4 ,4 7 0 St J o s A G r I ....... M a rch ____
128,053 107,931 1,064,941
1,979,551 St L A San F ran g 3 d w k M ay g o 85,875 ^499,390 ^28585728
146,335 202 ,7 9 4 6,751,646
15,531,758 St L S o u th w e s t.. 4 th wkM ay
176,364 1,982,110
207,913
St L V an A T H .. A p r i l -----7 21,426 San A n t A A P . . . M a rch .......
1 6 6 ,1 6 1 173.282 1,910,311
1,098,738 San F ran A N P .. A p r i l .........
94,437
81,729 1,055,012
2,4 3 7 ,1 4 4 Seaboard A ir L .. o d w k M ay 234,981
2 3 i,3 0 S 11,309,156
3 4 ,325,237 S outhern I n d ___ A p r il.........
7 5 4 ,307
51,210
90,249
31 2 ,8 9 2 So P a cilic C o 6 ... M a rch ....... 6,881,516 6.520.001 65,785,502
1,362,001
C entral Pacific. M a rch ........ 1,536,919 1,466,185 15,555,059
31,063
G al H a r A S A . M a rch ........ 542,717 537,689 5,034,023
60,969
23,584
862,867
82,570
G al H ou s A No M arch ........
1 ,670,644
124,939
9,624
9,868
G u lf W T A P . . M a rch ____
1 ,706,805
685,862
62,076
75,618
H ou s E A W T . M a rch .......
1,015,377
18,294
178,926
16,798
H ou s A S h rev.. M arch .......
2 71,582
412,048 361,646 4,144,094
H ou s A T e x O e n M arch .___
27,125,013
134,519
159,780 1,434,594
L ou is’ a W e s t... M arch.......
3 ,947,502
320,112 403.283 3,684,201
M org a n ’ s L A T M arch.......
1,014,390
28,121
345,148
24,809
N Y T & M e x .. M arch.......
32 ,1 1 8 ,0 5 6
329,650 287,991 2,948,992
O regon A Calif. M a roh ... .
1,649,757
70 ,744
697,639
66,681
So P a c C oast.... M a rch ____
33 ,7 6 7 ,8 1 3
So P a c R R C o.. M a rch ....... 2,641,328 2,370,934 22.706,899
1,132,250
226,662 243,367 2,359,548
T e x A N O rl....... M a rch .......
4,7 9 2 ,1 2 0 S outhern R a ilw ’ y Ith w kM ay 1,064,739 1,033,74b 38,996,930
4,082,969 T erre H A I n d . . . A p r il.........
153,898 131,776 1,564,422
3 4 ,057,842 T erre H A P e o r .. A p r il.........
41,902
46,338
490,520
112,139 T e x a s C entral . . . 3 d w k M ay
9,842
5 o 3 ,3 4 /
7,659
1 ,421,346 T e x a s A P a c ific .. 4th wkMay
307,765
271.456 10,798,582
4 ,714,128 T e x S V A N W
9,600
131,800
10,700
A p ril 4 ,7 3 4 ,2 3 5 T ol A Ohio C e n t . 4tli w kM ay
115.203
78,135 3,033.979
2 ,263,132 T o l P A W e s t ___ 3 d w k M ai
20,710
21,060 1.095.033
68,988 T ol St L A W ........ 4tp wkM ay
65,022 2,894,538
69,999
1 ,021,248 T o r H am A Bull . 3dw k M ay
9,306
7,969
449,431
5.108.667 Un P u c p r o p e r ... 3 d w k May
622,747
508,757 25,594,81.7
3 ,772,556 J n P ac S y s te m .. A p r il........ 4 ,175,206 3.740.374 42,411,186
2 1 ,904.263 W a b a s h ................ 4th wkM ay
612,386 504,722 19,430,920
342,935 W J ersey A Sea’e A p r il.........
325 ,214 277,014 3,335,084
,124
W heel A L E ........ 4tliw k M ay
110,944 110,157 3,807,502
518,783 W m ’ sp ort A N . B r. M a r c h ___
14.333
139,530
8,521
2 7 ,164,467 W isconsin C e n t.. 4th w kM ay
2 0 0 ,000 174,606 6,038,933
1 04,949 W rightav A T ’ n .. M a rch ........
143,616
12,785
15,266
96.905 Y a zoo A M iss. V. A p r il.........
528,637 534,526 6,102,699
2 77,768

F IS C A L

Current Year Previous Year

31
Inc.
$3 ,0 8 1 ,1 0 3
31
30
24,479
7
728.825
6,578.839
30
30 ff 45,5 0 5 .9 2 5
30
3 ,710,509
30
543,789
2 ,083,193
31
1,540,286
30
132,047
30
14,771
30
16,726,911
31
31
502,765
31
1 7 ,229.676
21
9,8 4 2 ,8 9 0
2 ,5 6 6 ,3 9 4
30

Ween
| Current
or Month 1 Year
i

2 ,213,708

V A R IO U S
ROADS

Latest Gross Earnings
ROADS

Ereo toys
Year
58.283
16,525,222
5.11 1 ,8 8 2
4 ,0 2 5 .3 0 0
7 7 9 ,645
3 2 .3 9 6
532, *j 7 1
3 ,1 0 6 ,4 7 9
5,643, / 18
15,218,645
33.288,859
1,096,713
3 4 ,3 8 5 ,5 7 2
147,216
5,37 1 ,7 2 9
7 ,2 6 4 ,3 1 5
7,35 2 ,1 0 6
1 2 5 ,632
28 ,8 4 7
6 4 ,9 9 6 ,1 3 7
4,82 3 ,8 9 3
2 ,3 1 1 ,2 5 2
16,148,432
7 ,0 8 6 ,6 8 1
3 5 .2 71.965
3 3 1 ,6 7 5
149 ,4 7 0
4,15 5 ,9 8 1
86,800,297
36 ,3 0 0
9 ,0 1 4 ,5 5 6
9 ,7 9 9 ,0 7 4
o,1 6 3 , / t/J
28,275
16,247,147
2 5 ,0 6 4 ,7 8 6
25,1 6 0 ,9 5 4
7 9 7 ,6 0 3
4 4 3 ,1 7 0
5 2 2 ,4 5 4
1,810,647
1,037,147
c/249 18426
6 ,7 5 4 ,1 8 4
1,771,256
1,925,210
9 1 9 ,5 3 2
10,316,939
5 0 4 ,1 7 4
6 3 ,4 9 5 ,3 4 8
15,193,284
5 ,4 4 9 ,0 1 8
3 3 0 ,3 5 4
110,107
7 2 1 ,5 4 1
1 7 7 ,0 8 5
4,082,969
1,441,232
4 ,3 0 8 ,2 0 0
2 /5 ,5 7 7
2,57 1 ,2 6 3
6 8 4 ,1 9 7
2 1 .8 40.966
2,212,655
3 4 ,9 5 3 ,3 6 4
1.407.555
4 6 1 ,856
5 4 8 ,353
10,743.834
135,394
2.60 8 .5 5 6
1,012,038
2,43 3 ,3 6 5
4 3 1 ,836
2 4 ,4 5 5 ,3 0 4
3 9 .9 29.7b3
17,537,869
3,11 5 ,5 8 4
3,206,391
9 8 ,2 9 9
5 ,4 6 6 ,8 5 5
115,033
5,677,902

TEARS.
ROADS

$14 7 ,4 2 0 ! M exica n R a ilw a y ...............
2 ,898,978 ! M ex ica n S o u th e r n .............
18,937 tN ational R R o f M e x ic o ...
479.211 N ortliern C e n tra l................
5 ,245,839 N orth S h ore...........................
4 2 ,083.998 eP ennsy., E a st o f P & E . . .
3 .0 2 3 ,9 3 4
©West o f P & E ..................
3 43,427 Per© M a rq u e tte....................
1,9 2 9 ,4 4 4 Pliila B a ltim ore & W a s h ..
1,465,295 P hiladelph ia & E r ie ...........
1 2 2 ,6 6 / P itts Cin Chic & St L o u is ..
23,054 R io G ran de J u n c t io n .........
1 4 ,065,063 St L V an d alia
T erre H ..
3 85,259 Terre H au te & In d ia n a p ..
1 4 ,451,322 T erre H a u te & P e o r ia ........
7,8 9 8 ,0 3 6 T ex a s < P a c ific ....................
fc
2,1 1 1 ,1 9 6 W est J e rse y & S e a sh o r e ...

Gross Earnings
Jan.
Apr.
J an.
Jan.
Mar.
Jan.
Jan.
N ov.
Jan.
Jan.
Dec.
Nov.
Nov.
N ov.
Jan.
Jan.

1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to

M ay
M ay
M ay
Apr.
Mar.
Apr.
Apr.
M ay
Apr.
Mar.
Mar.
Mar.
Apr.
A pr.
Apr.
M ay
Apr.

16
14
31
30
31
30
30
31
30
31
31
31
30
30
30
31
30

Current Year Previous Year
$ 2 ,086,800
126,545
4,649,801
3,306,327
40,830
38,702,979
In c.
4,425,085
6.326,998
1,627,120
5,642,606
170,965
1,177.222
9125,1-17
2 8 5 ,b92
4,7b 0,364
1.018,978

$1 ,875,300
124,935
3 ,554,057
2 770,427
33,587
33 921,979
j 7 9 1 ,100
4 .077,019
5 669,098
x 3 5 8 ,790
5 .313.849
168,010
1 034,493
832,179
2 5 9 ,952
4 521,363
9 2 9 .578

t R esults on M on terey & M ex ica n G uit art*, in clu d ed from M arch 1 ,1 ^ 0 2 . t M e x ica n cu rre n cy . 1 In clu d es trans-M issouri lin es in 1903*
i
b eg in n in g M arch 1, m a k in g len gth o f ro a d on w h ich ea rn in g s a re re p o rte d 7 ,3 5 7 in 1903. a ga in st 5 .8 7 6 m iles in 1902.
* In clu d es th e H ou st.
q
f2ent. and its subsni. hues,
e C o v e rs lin es d ir e c tly op era ted , a In clu d e s th e C hicago < E a stern Illin o is in b o th years.
fe
/ In clu d in g
Sav. F lor. & W est, an i also F lo rid a S ou th ern a n d S a n ford A St. P e te rsb u rg R ys. in b oth years, v O ther in co m e n o t in clu d ed in ih e gross either
fo r m on th o r from J u ly 1 . w In clu d e s L ake E rie
Det. R iv. R y . fro m Jan. 1 b oth years.

T H E

12 44

C H R O N IC L E

Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the fourth
week of May. The table oovers 34 roads and shows 11*09 per
cent inorease In the aggregate over the same week last year.
1903.

4th week o f M ay.
Ann A r b o r ..............................
B u ffa lo R o o h . A P l t t s b ’ g.
C a n a d ia n P a c ific _______
C h ic a g o G r e a t W e s t e r n .
C h ic . T e r m . T r a n s f e r ___
C o lo ra d o A S o u th e r n —
D en v er A R io G ra n d e * D u lu t h S o . S h o r e A A t l . .
E v a n s v i l l e A I n d l a n a p ..
E v a n s. A T erre H a u t e ...
G r a n d T r u n k ...................
G ra n d T ru n k W e s t .. y
D e t .G d , H a v . A M ilw . 3
H o c k i n g V a l l e y .................
in t e r n a t i o n a l A G t . N o . .
K a n a w h a A M ic h ig a n ...
M in n . 8t. P . A 8. S te . M .,
Mo. K a n s a s A T e x a s ___
M o . P a c if ic A Iron M t . . . .
C e n t r a l B r a n c h . ..............
N a s h v . C h a t. A S t. L o u is .

7

N ational R R . o f M ex loo.
N orfolk A W e s t e r n . . . . . .
_
P e r e M a r q u e t t e t . . . . _ __
Rio G r a n d e S o u t h e r n . . .
St. L o u is S o u t h w e s t e r n . .
S o u th e r n R a i l w a y .............
T e x a s A P a c i n o __________
T o l e d o A O h io C e n t r a l . .
T o l. S t. L. A W e s t ...............
W a b a s h . . . ........................ ..
W h e e lin g A L a k e E r i e . . .
W isconsin C entral ...........

$

1902
$

Increase.
$

50,960
192,171
1,218,000
499,256
199,780
40,982
125,058
434,500
85,400
9,141
47,603

45,168
188,430
988,000
416,208
192,733
47,341
139,168
441,500
70,153
9,517
42,733

5,792
3,741
230,000
53,048
7,047

972,340

829,377

142,963

131,862
152,753
187,255
136,877
41,903
34,777
199,884
159,507
516,120
504,018
1,282,000 1,131,000
29,000
33,000
266,757
236,507
227,766
307,557
560,109
517,819
293,759
264,695
13.629
15,438
146,335
202,794
1,064,739 1,033,748
307,765
271,456
115,203
78,135
65,022
69,999
612,386
504,722
110,944
110,157
174,606
200,000

20,921
378
7,126
40,477
12,103
151,000

14,947
4,870

30,250
79,782
42,290
29,004
80,991

Decrease.
$

.. . . . . .
6,362
14,110
7,000
376
........

4,000

1,909
56,459

36,309

37,068
4.977
107,664
787
25,394

90,116
T ota l (34 r o a d s ) .............. 10,303,418 9,274,536 1,118,998
........
1.028,882
........
Net Inorease (1109 p.o.).
* Include* Bio Grande Western, t Includes Lake Erie dz Detroit
River By. f o r both years.

For the third week of May our final statement oovers
57 roads, and shows 14*06 per oent Inorease In the aggregate
over the same week last year.
1903.

3d week o f May.

1902

Increase.

$
$
$
Previously rep’ d <47r’ds) 9,215,851 8,101,940 1,173,391
58,866
A labam a Gt. Southern..
18,158
45,708
112,533
Oin. N. O. A Texas Pac..
19,356
131,889
Grand Trunk............... i
Grand Trunk West.. >
563,040
647,923
84,883
Det. Gr. Hav. A Milw. ;
3,115
Mob. Jaokson A K. Cityl
3,101
6,216
42,952
41,376
Rutland RR....................
1,576
Seaboard Air Line.........
234,368
613
234,981
Toronto Ham. ft Buffalo.
7,969
1,337
9.306
Union Pacific proper_
_
508,757
622,747
113,990

Decrease.

Roads.

[VOL. L X X V I.
— Gross E a rn in gs.— > ----- Net E arn in gs.------ .
C urren t
P reviou s
C u rren t
P reviou s
Year.
Year.
Year.
Year.
$
$
$
$

Loulsv. A Nashv. b.Apr. 2,954,620 2,520,550
863,886
684,178
July 1 to Apr. 30 ..29,366,005 25,424,757 9,730,092 8,138,726
Manistee & No. E.a.Apr.
28,404
33,224
14,029
8,206
Jan. 1 to Apr. 30....
132,047
122,667
68,935
61,846
c Mexloan Cent.e..Apr. 2,213,447 1,764,564
463,956
669,548
Jan. l t o Apr. 30 ... 8,327,285 6,653,348 2,227,503 2,112,869
Mlllen A 8outhw.lt>..Apr.
2,907
3.209
181
532
July l t o Apr. 30 ...
32,396
40,068
5,397
11,499
Mineral Range. b ... Apr.
45,643
58,986
10.195
19.839
July 1 to Apr. 3 o ....
458,650
77,180
494,409
83,914
M. 8t. P. A 8. 8. M.b.Apr.
576,910
535,068
253,619
267.465
July 1 to Apr. 30_ 6,028,924 5,155,654 2,986,876 2,778,552
_
Nash. Ch.<fe8t.L.b.. Apr. n8l5,209 n661,936 nl81,758 nl57,810
July 1 to Apr. 3o_ n7879,563 n658l|054 n2207,266 nl957,722
_
cNat’IR R .of Mex..Apr. 1,044,988
744,530
421,058
227,989
Jan. 1 to Apr. 30__ 3,685,460 2,825,895 1,311,129
877,025
13,722
15,741
Nev.-Cal.-Oregon.a.Apr.
6,448
7,040
July 1 to Apr. 30__
46,780
63,648
125,632
158,438
553,950
98,513
132,276
468,888
N. Y. Ont. A West.aApr.
July 1 to Apr. 3u .. 4,911,861 4,823,893 1,211,233 1,268,242
Norfolk & West’n.a Apr. 1,956,406 1,571,818
796,331
678,278
July l t o Apr. 30 ...17,289,559 14,530,283 6,864,501 6,148,235
251,454
219.154
Northern Central.b Apr.
862,602
758,902
800,262
698,662
Jan. 1 to Apr. 30 ... 3,306,327 2,770,427
1,848
16,415
14,828
Ohio River A West.Apr.
5,293
July 1 to Apr. 3 o ....
27,953
161,983
149,470
55,108
385,241
65,126
443,266
Paolflo Coast Co..a Apr.
101,228
July 1 to Apr. 30.... 4,560,290 4,155,981
838,996
904,064
Pennsylvania—
Lines directlyoperated
j East Of Pitts. AE.Apr. 10,767,577 9,099,677 3,725,279 3,026,679
j Jan. l t o Apr. 30....38,702,879 33,921,879 10,110,894 10,462,994
Ino. 50,200
West of Pitts. AE.Apr.
Inc. 621,600
Jan. 1 to Apr. 30_
_
Ino. 1,791,100
Deo. 400,400
359,424
315,424
Phil.Balt.AWash.bApr. 1,158,873 1,015,373
Nov. 1 to Apr. 3o .. 6,326,998 5,669,098 1,611,237 1,664,137
*
39,441
Rio Grande 8onth.b Apr.
24,364
17,395
47,368
476,612
463,948
July 1 to Apr. 3o ...
233,409
212,248
m980.493
Rock Island Sys.a..Apr. 3,518,153
July 1 to Apr. 80___38,276,807
ml3 948,817
268,230
Seaboard Air Line a Apr. 1,110.056 1,044,148
279,063
July 1 to Apr. 30___10,579,589 9,611,249 2.818,673 2,928,115
Union Pac.Syst’ma. Apr. 4,175,206 3,740,374 1,726,610 1,497,756
July l t o Apr. 30....42,411,186 39,929,783 18,925,050 18,779,626
W.Je’-sey * Seash.bApr.
325,214
277,014
74,654
56,254
112,760
129,960
Jan. 1 to Apr. 30.__ 1,018,978
929,578

$
59,480

a Netearnlngs hereglvenare alter deducting taxee.
b Netearnlngs here given are before deducting taxes
e These figures are in Mexican ourrenoy, and are convertible into
gold at the ourrent rate of exohange.
d Net. after deducting taxes, is $100,552 and $103,262 for 1903
and 1902 respectively for the month, and $979,384 and $1,055,743
from July 1.
e Results on Monterey A Mexican Gulf Inoluded from Maroh 1,1902.
hi Net receipts from ooal sales, eto., before deducting general ex­
penses.
J These figures Include
59,480 Division in both years. results on the Buffalo A Allegheny Valley
Total (57 roads)......... 10.970,731 9,618,792 1,411,419
Net increase <14*08 p o.)
1,351.939
m Other income for April amounts to $107,187, and from July 1 to
IT Week ending May 23.
April SO to $1,295,941, making total net lnoome of $987,685 for
the month, and $15,244,758 from July 1.
For the month of May 88 roads (all that have fur­
n Includes Paducah A Memphis Division from July 1 in both years.
for April. 1903, include
paid for additions
nished statements for the full month as yet) show as follows: Expenses against $28,632 in April, $87,534 For period from July to
property,
1902.
1,
1902, to April 30, 1903, the amount so expended was $854,188,
against $244,816.
Month o f May.
1902.
Increase.
P er Oent.
1903.
q Including remittances from connecting roads, total net inoome for
$
$
$
ten months Is $745,085 this year, against $687,739 last year.
Gross earnings (38 roads) 40,512,329 36,142.284 4,370,045
1209
a Inoluding earnings of Savannah Florida A Western in both years,
It will be seen that there is a gain on the roads reporting in and also Florida Southern and Sanford A St. Petersburg Ry. in both
years.

the amount of $4,370,045 or 12*09 per cent.

Interest Charges and Surplus.—The following roads, in
Net Earnings Monthly to Latest Dates.—The table follow, addition to their gross and net earnings given in the fore,
ing shows the gross and net earnings of Steam railroads going, also report charges for Interest, &o., with the surplus
reported this week. A full detailed statement, inoluding all above or deficit below those charges.
roads from whioh monthly returns oan be obtained, is given
,— Tnt., Rentals, etc.— . B at. o f Net E arn'gs.—
.
Previous
Current
Current
P revious
onoe a month in these columns, and the latest statement of
Year.
Year.
Year.
Year.
Roads.
$
$
$
$
this kind will be found in the C hronicle of May 23,
*20,277
93,642
78.642 *df.l3,686
Dul. So. 8h. A Atl...Apr.
1903, The next will appear in the issue of June 20, 1903.
July 1 to Apr. 3 0 ....
786,417 *di.50,754
*33,785
878,917
Gross Earnings .— . ------ Net Earnings.------ .
Current Previous
Current
Previous
Year.
Year.
Year
Year.

,—

17,833
15,824
Indiana 111. A la.... Apr.
17,833
20,596
171,916
230,661
178,333
July 1 to Apr. 3o_
_
247,509
6,051
7,978
Manistee A No. E . .. Apr.
6,051
2,156
24,203
37,643
Jan. 1 to Apr. 30_
_
24,203
44,732
8,113
Mineral Range....... Apr.
8,397
*2,028
*11,978
91,167
80,776 *d f.ll,816
July 1 to Apr. 30__
*3,944
152,510
150,698
Nashv. Chat.ASt.L.Apr.
31,060
5,300
698,302
July 1 to Apr. 30_ 1,508,964 1,524,999
_
432,723
2,192
1,875
4,848
Nev. -Cal.-Oregon... Apr.
4,573
20,081
21,287
July 1 to Apr. 30_
_
48,567
25,493
216,224
201,501
Norfolk A West*n....Apr.
580,107
476.772
July 1 to Apr. 30 — 2,133,089 1,954,776 4,731,412 4,193,459
15,033
SloGrande South..Apr.
18,033
*2,529
*6,955
188,076
181,310
July 1 to Apr. 30....
*55,134
*38,478

Roads.
$
$
$
$
Atlantic Coast L.a.Apr. nl687.276 U1523.196 u614,442 u506,043
July l t o Apr. 3 0 .... ul6,156,934 U14,349,347 u5602,469 U 4836.947
169,053
166,105
66.395
54.981
Bangor AAroost’ kbApr.
557,315
520,128
July 1 to Apr. 30.... 1,483,620 1,422,144
196,370
172.342
639,622
583,796
Ohio. Gt. West’n.b.Apr.
July 1 to Apr. 30.... 6,482,214 6,428,588 1.852,984 1,854,437
484,243
433,066 d.118,610 <1120,820
Color’ do A South, b. Apr.
July 1 to Apr. 3 0 .... 5,072,520 4,573,371 <11159,960 <11231,320
11,642
8,158
hl4,842 h ll,1 0 4
Col. A Hook. O. A Ir. Apr.
72,836
104,496
215,191
241,797
Dul. So. Sh.A Atl.b.Apr.
815,200
815,911
SSUuly 1 to Apr. 3 0 .... 2,254,736 2,210,591
def.223
2,556
6,404
7,969
Farmv. A Po wh’ t’ n a Apr.
* After allowing for other lnoome received.
5,453
62,680
60,969 def.2,287
EvkJuly I to Apr. 30—
q20,19S
q 45,452
171,302
154,287
Georgla.a............. . Apr.
STREET RAILWAYS AND TRACTION COMPANIES.
July 1 to Apr. 3 o .... 1,976,751 1,706,805 q«67,002 q 599,656
The following table shows the gross earnings for the latest
23,614
13,711
139,699
93,207
Ga. South. A Fla.a.Apr.
350,867
258,503 period of all street railways from whioh we are able to ob
i n July l t o Apr. 3 0 .... 1,369,917 1,045,377
33,657
38,429
136,886
134,193
Ind. 111. A Iowa.a..Apr.
408,994
419,425 tain weekly or monthly returns. The arrangement of the
•v.^July 1 to Apr. 30.... 1,457,179 1,421,346
21,790
22,202 table is the same as that for the steam roads—that is, the
49,646
45,450
Lexing’n A East.b..Apr.
188,158
134,166 first two oolumns of figures give the gross earnings for the
454,275
342,935
July 1 to Apr. 3 0 ....
Deo. 12,087
Ino. 50,995
Long Island b .......Apr.
■latest week or month, and the last two oolumns the earnings
Deo. 98,648
Ino. 443,124
July 1 to Apr. 3o_
_

T H E

J une 6, 1903.]

C H R O N IC L E

for the calendar year from January 1 to and in clu din g suob
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings

GROSS
E a h n in q s .

Week, or X c

Our’ m P rev’ut
Tear.
Tear.
»

%

A m e r i c a n R ’ y s . Co.||.
B ingham ton R R ........
B u r lin g t ’ n ( V t .) T r a c .
C a l. G a s & E l e c t r l o , .
C h ic a g o & M U. E le o .
C ln . D a y t o n & T o ) .T r ,
C ln . N e w p . & C o v in g .
L ig h t < T r a c t i o n . . .
fe
C i t iz e n b’ R y . & L ig h t ,
M u s o a t in e ..................
C i t y E le o .( R o m e ,G a .)
C l e v e la n d E l e o t r l o . . .
C le v e . & 8 o . W . r .C o .
C le v e . P a ln s v . & E . . .
D a r t . & W ’ p o r t S t .R y .
D e t r o i t U n it e d R y . . n
D n lu th -8 u p . T r a c t . ..
E a s t . O h io T r a c t i o n ..
E l g in A u r o r a & S o u . .
G a lv e s t o n C i t y .............
G e o r g ia R y . & E l e c . .
H a r r is b u r g T r a c t io n .
H a v a n a E le o . R y . C o.
I n d la n a p . A E a s t , R y .
I n t e r n a t ’ l T r a o t . C o.
S y stem (B u ffa lo )...
J a c k s o n v i l l e E le c . C o.
K n o x v i l l e T r a o t i o n ..
L a k e S h ore E le c. R v
L a k e S tre e t E le v a te d

1

Lehigh T raotion .......
L e h ig h V a l. T r a o . C o .
S t r e e t R y . D e p ........
E l e o t r lo L i g h t D e p .
L e x i n g t o n R y ...............
L o n d o n S t. R v .( O a n .)
M a d . (W I b.) T r a o t i o n
M e t. W e s t S id e E le v ..
M il. E le o . R y . A L L C o.
M il. L t. H e a t & T r . C o.
M on trea l S treet R y
M u s k . T r . & L ig h t . C o.
S treet R y . D e p a r t ..
E l e o t r lo L i g h t D e p
G a s D e p a r t m e n t . ..
N e w L o n d o n S t. R y .
N o r . O h io T r . & L t. C o.
N o rth w e ste rn E le v ..
O a k la n d T r a n s . C o n s
O le a n S t. R a i l w a y . .
O ra n g e C o. T r a o tio n .
P h ila d e lp h ia C o ..........
A f f il ia t e d C o r p o p s .
P o t t s v . U n io n T r a c t .
P n e b lo & S u b u rb a n
T r a o t & L lg h t ’ g C o.
Rys C o . G e n .— R o a d s .
L i g h t C o ’ s ...................
R o ch e ste r R a ilw a y ..
B o o k fo r d
B e lo it &
J a n e s v i l l e ...................
S t. L o u i s T r a n s i t ___
S a o P a u lo ( B r a z il)
T r a m . L ’ t & P o . C o.
S e a t t le E l e o t r l o C o . . .
S o u t h S id e E l e v a t e d .
S y ra ou se R a p .T r .R y .
T o l. B o w l . G r . A S o .T r .
T o le d o R y s . & L ig h t.
T oron to R a ilw a y . . . .
T w in C i t y R a p . T r a n .
U n io n (N . B e d f o r d ) . .
U n io n T r a o . o l I n d . .
U n it e d R B ’ s o f S a n
F r a n c i s c o ...................
n n l t e d T r a o .— ( A l b .)
W a s h in g t o n A l e x . &
M t V . R y . C o ............
Y o u n g s t o w n -S h a r o n
R y . & L t . C o ...............

Jan. 1 toL a teti Oat*.
O urrent P reviou s
Tear.
T ea r.

$

to

April........ 95,286
April........ 17,336
6.520
April........
April....... 218.750
15.160
April.......
April........ 39,268

79,612
14.843
4 530

864,812
66,098
20,112

809.447
57,073
17,393

13,057
33.391

5i,19'4
140,651

44,748
120,339

April........

92,946

85,127

368,249

335,574

March......
April........
April........
April........
April........
March......
4th wk May
3dwk May
April........
April......
February .
Maroh___
April ..
Wk.May81
April........

7,17)
3,17c
219,68S
33,536
14 900
8,342
122,987
11,952
15,321
33,296
16,281
113,370
38,089
127,764
3,668

6,113
21,840
18,524
3,062
12,448
12,655
190 982 835,428 739,792
121,065 117,26? t78,149
13.815
52.938
47,174
8,87(
23,218
22.536
111,246 1,614,744 1,459,716
9,799 218,066 181,525
12,824
50,301
45,515
29,642 129,396 117,467
8,862
31,072
18,492
102,462
3‘A012 145.991 125.297
122,508 J574.477 499,437

April....... 295,332 250,850 1,154,805
56,48)
March----- 21,075 16,126
59,048
March___ 21,022 15,866
March___ 42,309 32,347 109,089
May ____ 68,226 66,225
9;33S
38,166
April......
M il
April...... . 61,771 50,188
12,356 10,484
April......
March...... 21,081 15,508
March...... 11,534 10,233
6,673
5,288
April.......
April........ 176,397 163,869
April...... . 238,560 204,883
April........ 27,890 22,222
April........ 172,086 154,390

226,615
53,337
57,491
34,382
24,872
694,629
936,630
109,208
657,931

998,919
42,692
46,430
86,715

151,587
80;il4
7,906
296,959

110,817
142,085
131,329
32.612
22,057
127,562
44,375
77,472
25,095
83,311

29,215
20,995
620,010
829,088
90,040
599,940

April........

19,222

66,231
7,250
263,959

312,704
138,990 471,315 404,552
121,513 525,922 479,797
56,008 249,315 227,981
18,736
83,295
70,248
106,357 495,217 431,595
34,870 800,489 678,684
66,992 1,451,736 1,251,211
23,110
74,473
66,158
73,570 308,860 275,662

18,890

69,410

66,885

161.929

41,766

1 These are results for properties owned.
n These earnings Include the Detroit United Ry., Detroit <s Port
S
Huron Shore Line and the Sandwloh Windsor & Amherstbnrg Ry.
tFigures for 1902 cover only the Clev. Elyria A Western Ry. Co.
1 Spanish silver.
p Included $143 of miscellaneous income.
r These figures are from Mar. 1 to Apr. 30.
* Strike In 1902 deoreased receipts approximately $100,000.

Street Railway Net Earnings.
Earnings .— . ----- Net Earnings,
Previous
Current
C urrent
P reviou s
Tear.
Tear.
Tear.
Tear.
- Gross

$

Roads.

Central Crosst’ n (N.Y.)—
Jan. 1 to Mar. 31
_
July 1 to Mar. 81_
Seattle Electrlo Co.Mar.
Jan. 1 to Mar. 3 i _
_

125,875

3 45 ,51 0

142,085
471,315

41,245
114,208
31,219
110,075

a Net earnings here given are after deducting taxes,
fo Net earnings here given are before deducting taxes.

Roads.

Central Orosst’n (N. Y.)—
Jan. 1 to Mar. 31_
_
July 1 to Mar. 31....
Seattle Eleotno Co.Mar.
Jan. 1 to Mar. 31....
* Includes other inoome.

$
27,087
79,503
25,355
72,470

$
26,345
79,714
22,247
68,375

Page.

St r e e t R a i l w

ays—

Chicago City Railway.................... 478
Louisville Railway.......................... 477
Macon (Ga.) Railway & Light........ 750
Metrop. St. Ry. of N. Y. (report of
public accountants).................... 878
Metrop West Side El. o f Chicago. 800
North Jersey Street Ry............. .. 802
Pblla. Co. o f Pittsburgh........1082,1090
St. Louis Transit ........................... 750
Sao Paulo Tramway L. & Pow er.. 917
United RR’s o f San Francisco...... 917
United Rys. & Elec, of Baltimore. 702
United Rys. o f St. Louis (applica­
tion to list.)................................... 980
United HRs. of San Francisco
(application to list)...................... 1030
Washington Ry. & Electric........... 703

Allegheny Talley Railway.
( Report for the year ending Dee. 31, 1902.)

President W. H. Barnes says in part:

Earnings and balance sheet have been as follows:
1902.

E a rn in g s—

$

1901.

$

1900.

$

1899.

$

903,133
Passengers .................... 959,078
790,614
741,228
Freight............................3,091,365 2,735,485 2,640,581 2,331,362
145,345
Mall, express and mlsoel.. 142,642
114,833
110,454
Total.......................... .4,198,085 3,783,963 3,546,028 3,183,044

E xpenses—

Maint. of way < struot’s. . 626,370
fe
589,240
727,004
Maint. of equipment...... . 709,574
553,850
505,818
Conducting traneporta’n. 1,493,377 1,203,493 1,123,813
General........................... . 46,483
38,937
60,028

611,295
409,092
994,651
62,281

Total.......................... .2,875,805 2,386,520 2,416,663 2,077,819
Net earnings.................. .1,317,280 1,398,443 1,129,365 1,105,724
91
91
Other Inoome..................
7,061
1,170
Deduet—

Taxes.............................. . 114,344
Interest on bonds........... . 970,540
Miscellaneous.................. . 67,608

112,789
975,540
56,408

100,984
977,207
53.704

103,245
970,918
7,468

Total.......................... .1,152,492 1,144,737 1,131,395 1,081,631
253,797
Balance...................... .. . 164,879
4,531
25,263
Extraordln’y expendit’s. . 159,787
253,797
Surplus.

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

5,092

...........

4,531

25,263

GENE BAL BALANCE SHEET DEC. 31.

1902.
1901.
Dr.
(
$
Cost o f road......... 41, ,637,015 41,398,828
101.047
Real estate........... 130,447
Cost o f equipment 1,,071,813 1,071,810
Cost of Pittsburgh
Terminal prop’ty 080,474 080,474
Stks. o f other cos..
12.704
22,034
101,032
93,464
Cash.......................
Individuals, etc...
4,509
5.083
Profit and loss__ 1,299,444 1,324,398

1901.
1902.
?
*
Common stock...... 10,544,200 10,544,200
Preferred stock... 17,174.398 17,174,398
Bonded debt.........10,795,000 10,695,000
Real estate mort­
gages, etc........... 734,565
589,005
Unpaid interest &
coupons..............
19,571
22,771
Interest accrued.. 271,025
273,525

Total............... 45,538,759 45,298,959
—V. 74, p. 934.

Total................45,638,759 45,298,959

Cr.

Chicago & North Western Railway Co.
( Advance Report for the fiscal year ended May SI, 1903. J

The advance statement for the late fiscal year is reported
by telegraph as follows, land income not being included :
1903.
1902.
1901.
1900.
Average miles oper...............
5,760
5,507
5,218
Gross earnings... .$50,041,1.18 $46,644,122 $43,098,587 $42,950,805
Oper. exp. &taxes.. 33,460,832 30,005,643 27,229,998 26,994,013
Net earnings...$16,580,286 $16,638,479 $15,868,589 $15,956,792
Other inoome.........
577,080
577,OSO
577,080
529,790

Total net reots..$17,157,366 $17,215,559 $16,445,669 $16,486,582
Net int. on debt ... $6,541,463 $6,406,038 $6,324,752 $6,069,386
Sinking fund, etc...
230,315
234.695
299,630
355,640
on common...(7)3,060,783
29.926 Div. on preferred..(8)1,791.598 (7)2,737,868(6)2,346,744(6)2,346,744
Div.
(8)1,791.598(7)1,567,650(7)1,567,650
113,513 Beal est., const., &o. 6,018,702 4,697,065 4,169,526
4,542,041
34.926
105,799
Bal., surplus.... $519,505 $1,348,305 $1,737,367 $1,605,121
—V. 76, p. 704, 541.

Interest Charges and Surplus.
-In t., R entals, etc.— .
C urrent
P rev iou s
Tear.
Tear.

R a i l r o a d s , E t c .—

_
Pennsylvania Steel Co. of N. J _ 917
Pere Marquette..................... 1020, 1034
Philadelphia Electric...................... 1141
San Frau. Gas & Electric,........... . 970
Tamarack Mining .......................... 971
United Gus Improvement...............1029
United Shoe Machinery................. 971
United States Rubber......................1141
Vulcan Detlnning............................1142
West Jersey A seashore..................1140

$

9
116,149
368,823
138,990
404,552

Ra il r o a d s , Etc.—
P oo*.
American Can Co ........................ 060
American School Furniture........... 10v8
Associated Oil Co
.................. 1042
Central & So. Amer. Telegraph___10*8
Central Union Telephone............... 110o
Chicago Edison .......................... 1"8S
Commonwealth Electric................. loan
Consolidated Rubber Tire.............. 1028
Com Products.................................. 1083
Dominion Iron & Steel (3 m os.).. .1U0
Eastman Kodak (0 monthB).......... 1029
Electric Co. o f America.................. 1190
General Electric Co.................. 917, 924
Grand Trunk Rv. o f Canada...
910
Hunt. & Broad Top Mountain RR.
& Coal............................................ 910
international Nickel..................... 1190
Lake Erie & W estern...
910
Lake Shore & Michigan So............. 1020
Mexican Central.................. 1082,1140
Mexican International........ 1169, 1198
Mexican Telegraph........................ 670
Michigan Central............................ 1027
New Eng. Telepb. & 'l’elegr........... 1141
New Y ork Chicago & St.Louis.1027,1082
Northern Securities (13J-6 m o s.)...1028
Nova Scotia Steel A Coal.............. 970
PaclUc Mail Steamship (Advance
Statement)—.................................. 1160

Total earnings.. . . . . . .1,317,371 1,398,534 1,136,426 1,106,894

April....... 518,467 *345,011 1,934,402 1,630,606
Maroh...... 129,136 114,974 376,911 S44.919
April........

Annual Reports.—The follow in g is an index to all annual
reports o f steam railroads, street railw ays and m iscellaneous
companies which have been published since the last editions
of the I nvestors ’ and Street R a il w a y Supplem ents .
This index does not include reports In to-d ay’s C h ro nicle .

Extraordinary expenditures for the year amounted to $398,574, of
whioh amount $238,787 was charged to cost of road and $159,787
183,588 oharged to Income, these expenditures being on account of right of
49,178 way and real estate, additional telegraph line and second traok at va­
43,582 rious points along the line of the road.

March__
26,048
9,783
April........ 607i031 509,606 2,180,294 1,889,869
March. ..
Maroh......
April........
A p iil.......
April........
April........
Wk.Mav30
3dwk May
March......
April........

ANNUAL REPORTS.

38,262

5,890 rl 1,000 rll,7 4 7
5,391
April........
2,680
r6,026
r5,158
3,029
April........
2,64f p2,779
r5,843
r6,637
April........
4,049
11,239
11,545
3,995
March....
April........ 61,656 49,426 236,753 190.558
Apiil........ 107,009 98,145 419,269 886.236
April........ 96,797 75,873 341,906 285,140
4,432
25,6*4
23,513
April........
6,270
7,152
6,593
25,247
23.155
April.......
April........ 369,567 331,043 1,791,646 1,587,663
April....... 889,854 789,466 3,497,822 3,068,540
50,080
45,696
April........ 13,509 12,187
April____ 39,228
April....... 22,849 17,870
1,804
April........
1,807
March___ 100,051 91,678

12 45

B al. o f R et E a rn ’gs.C urrent
P revious
Tear.
Teas’.

$
*14,406
*37,488
5,864
37,605

$

Colorado Springs & Cripple Creek District Railway.
( Statement for 9 months ended March 31,1903. J
This company owns and operates a steam railway between
Colorado Springs and the Cripple Creek District and an
electric passenger railway in and between Cripple Creek and
Victor and the principal towns of the district. President
Irving Howbert says:

The lines, both steam and eleotrlo. are standard gauge, well ballasted
*4,758
*37,731 and most substantially constructed in every way. The road has been
12,679 in successful operation since April, 1901. In addition to its growing
Cripple
37,424 mining Creek business (which includes an important tourist as well as
traffic), local industries are being developed along the line,
whioh makes the outlook for the future most promising.

fH E

12 46

C H R O N IC L E

[V o l.

LXXVI.

T he actual results from op era tion s fo r the nine m onths, J u ly 1 ,1 9 0 2 ,
to M arch 31, 1903, w e re :
$1 ,4 1 0
F reigh t ea rn in g s.............. $421,641 Other in o o m e ....................
P a ssen ger........................... 2 21,0 9 7 Total n et In o o m e ............. 3 49,922
Deduct—
M all, express, e to .............
12,392

Total coal production for the year, 508,654 tons, against
604,115 tons in 1901-02.
The earnings and balance sheet have been :

I n t e r e s t ..................................... $ 1 3 9 ,2 2 6

1902-03. 1901-02. 1900-01. 1899-00.
E arnings, e t c ............................ $618,872 $601,153 $576,156 $450,979
O perating expen s. & repairs 439,785
510 480
474.483
349,840
N et ea rn in g s................
$ 90,6 3 $ 1 0 1 , 6 7 3 $101,138
In terest on b o n d s.............. . . .
50,000
42,925
44,750
45,642
30,504
T a x es and m iscellaneous . . .
12.587
7,575
6.450
B alanoe, su rp lu s......... . . . $98,583
$35,161
$49,348
$49,076
D e p r e c ia tio n .......................
3,558
D ividen d on co m m o n ....... (1%) 68.986
B alance fo r yea r......... . . . $ 2 9 ,5 9 / *$34,602
$49,343
$49,076

G ross e a r n in g s ................ $855,130
O peratin g ex p en ses........ 306,618

T a x e s ....................................
Sinking fu n d .....................

8,172
3 2,757

S u rplu s......................... $ 1 6 9 ,7 6 7
N et ea rn in g s.............. $348,512
On accou n t o f Its lig h ter grades, sh orter distanoe, and b e tte r e q u ip ­
m ent, the road is able to earn a g o o d profit at rateB that b rin g o n ly
actu al cost o f operating to com p etitiv e lines.
It Is n o w sh ow ing s u b ­
stantial earnings on Its com m on stook, and there is e v e ry reason to
b e lie v e it will con tin u e to d o bo. C apital stook —P referred , $ 8 0 0 ,0 0 0 ;
com m on , $1,200,000 ; total, $ 2 ,0 0 0 ,0 0 0 . B onds—F irst m ortga g e, $1,9 4 0 ,0 0 0 ; second m ortgage, $ 2 4 6 .0 0 0 ; first con solida ted m ortga g e,
$ 1 ,0 3 4 ,0 0 0 ; tota l bonds outstanding, $3,2 2 0 ,0 0 0 .

For description o f bonds, etc., see page 45 o f I nvestors ’
Su pplem ent .—V. 76, p. 435.
California Frnit Cannery’ Association,

( Balance Sheet o f Feb. 28, 1803.)

RECEIPTS, EXPENSES AND CHARGES.

* In addition re ceiv ed $1 6 ,9 2 4 bonus on e x ch a n g e o f p referred fo r
com m on stook and $1,499 bon d discount.
CONDENSED BALANCE SHEET MARCH 31, 1903.
Assets—
L ia bilities—
P rop’ y and fra n ch ise s.$7,662,116 Capital stook, commoD.$6,981,100
Com m on stook in trea s.
80,700
do
preferred
18,900
A dd ition s < im orov e&
1st m ort. 5 p. o. b on d s. 1,000,000
m e n ts................ T..........
129,645 SlDking fund reserve ..
183,826
M ining p lan t eq u ip m ’ t.
85,297 C urrent liabilities.........
22,482
M aterials and supplies.
23,995 A ccru ed sinking fu n d ,.
11,638
Sinking fu n d s................
183,826 A orued int. on bon ds ..
12,500
61,313 A ccrued ta x es................
C ash.......................................
3,942
M iscella n eou s.....................
87,823P rofit and lose................
80,332

“ Owing to change in date of annual meeting, this state­
ment covers fourteen months from Jan. 1, 1£02, to Feb. 28,
1903, together with monthly dividends for the same period.
This change practically added fixed charges and expenses for
two months during which sales were, as usual, comparatively
small.” The balance sheets of Feb. 23, 1903, and Dec. 31,
T otal a s s e ts .............$8,314,717
1901, compare as follows :
—V. 76, p. 1145, 1087.
Pe6.28.’03. Dec.31,’01. j
Feb.2S,’03. Dec.31,’01.
Assets—
$
$
1 Liabilities—
$
$
Plant, shares in
Capital stock
2.S91.S00 2,891,600
other comp’s, etc.2,424,434
2,372,185 Bilis&acc'tspay’ble 876,857 839,603
Accounts regeiv’ble
’ Reserve and depreand Inventory....1,813,417
1,003,549 elation fu n d
210,050 S93,4C
8
Cash.........................
8,099
1,603 Surplus
261,134 221,618
Total assets...... 4,245,641

4,337,837 !

Total liabilities.4,245,641 4,337,337

Authorized capital stock, $3,500,000, in $100 shares
Divi­
dends, 60 cents per share per month. President, William
Fries, San Francisco.—V. 74, p. 881.
Contra Costa Water C o , Oakland, Cal.

( Report fo r the year ended Dee. 31, 1902.)

T otal liabilities....... $8,314,717

(William) Cramp & Sons’ Ship & Engine Building Co.
( Statement fo r year ended April SO, 1903.)

The results of operation are stated as follows:
1902-03.
1901-02.
1900 01.
1899-00.
C ontracts on ban d end
$
$
$
$
o f y e a r ....... .................
............. 24,730,870 20,627,000 20,341,000
............. 11.919,415 5,035,511 8,129,000
C ollected on sam e.........
B alan ce to c o l l e d .........
............. 12,811,456 15,591,489 12,212,000
G ross earns, dnr’ g year
8.518,169 8 ,2 0 2 ,093 7.3 1 9 ,0 0 0 7,791,560
O perating ex p en ses___
7 ,8 2 i.6 7 2 7 ,4 1 5 .946 6.576.000 6,87->,560
N et p rofits.....
096,497
786^147'
743,000
913,000
F ix e d & oth er ch a rg es.
3 96.099
400.911 ^ 4 5 1 ,2 2 8 ___376,738
B a la n ce ..........
300,398
3 8 5 ,2 3 6
291,772
536,262
D iv id e n d s............ (2 ^ )1 2 1 ,2 0 0
(5 )242.400 (5 )242.400 (5)242,400
Surplus.......................
179,498 ’ 442,836
49 ,3 7 2
293,862

The report of Manager Adamg states that the recent elec
tion in Oakland placed in power a body of men committed t o
municipal ownership as well as to the reduction of water
The vessels completed dnriDg the year had a total tonnage
rates to the lowest possible point, but there is no reason to
expect that the building of a municipal plant will be under­ of 70,174. The plant is valued at $12,577,821; total assets,
taken until every effort has been made to acquire the com $15,531,405; total liabilities, including $4,848,000 capital stock,
$11,208,602; balance, snrplus, $4,322,803.—V. 76, p. 1195, 1145.
pany’s property. He adds:
W hile there Is no d ou bt o f th e ex isten ce o f the determ in ation o f the
p u b lic 1:o ow n the w ork s su p p lyin g It w ith w ater, there is n oth in g in
th e presen t situation o f the com p a n y w hich w arrants serious u neasi­
ness to the final ou tcom e, chiefly because o f th e ex trem e difficulty of
th e city ’ s securing any sufficient souroe o f w a ter supply; still it is the
p a rt o f w isdom fo r the com p a n y to avail itse lf o f the first o p p o rtu n ity
to dispose o f its p rop erty to the c ity fo r a fair price.

The results for the calendar year 1902 were:
W ater re n ta ls.............................................................................................$642,610
L and rents ($3,177), tapplD g m ains ($11,552), exten sion s
($ 1 ,1 8 1 )..................................................................................................
15,910
U npaid bills against Oakland and other c it ie s .............................
60,6 i 4
Sale o f w ater to B erkeley d iv i s io n ..................................................
15,625
Sale o f w ater to A lam eda d iv is io n ..... .............................................
6,524

Gottlieb-Bauernschmldt-Straus Brewing Co., Baltimore.
( Report for the year ending Feb. 28, 1903.)
Hambleton & Co., of Baltimore, in their weekly circular of
May 16 and May 23 publish the gist of the annual report for
the late fiscal year, which we cite as follows:
The President of the company, in his annual report, says
in substance:

“ The plants w e are n ow op era tin g are all brew eries th orou g h ly
equ ipped w ith m odern m aohiDery and are in p e rfe ct ord er and co n d i­
tion, and the oa p a oity o f b oth D arley Park and G lobe brew eries is n ow
b ein g in crea sed —in the one b y addition al refrigera tin g m achinery
taken from on e o f the olosed brew eries and additional stable room ,
the oth er b y tne building o f a tirst-olass, fire-p roof b oiler house w ith
T o ta l earn in gs.................................................................................... $711,283 new boilers. W ith few er brew eries to operate, m atters o f detail can
E xpen ses fo r op eration and re p a irs.................................................. $162,556 now be m ore easily adjusted, and it is the intention In the com in g year
S tr v io e s ....................... •...........................................................................
4,784 to in trod u ce fu rth er eoonom ies in the oon duot o f the business and to
T a x e s ...........................................................................................................
71,833 in crease the business. The saving in op eratin g exp en ses w ill be c o n ­
siderable and already show s a deorease o f ov er $22,000 in the past
O perating expen ses and ta x e s ......................
$239,173 yea r o v e r the p re v io u s on e, and inasm uch as none o f the plants m en ­
N et earnings (w ith ou t d ed u ction fo r ren ew al, depreciation or
tion ed h ave closed fo r a year, and severa l o f them on ly a few weeks
in te re st)....................................................................
$ 5 02,110 o r m onths, th e difference in our op era tin g exp en ses w ill be m ore ap ­
Deduct Interest......................................................................................... 2 72,528 parent! n the com in g year than It has been in the past. W hile I am
D ivid en d (5 04% on $4,9 0 2 ,6 0 0 )......................................................... 247,091 gratified at the sh ow ing w e have m ade, I am con v in ced that the re ­
sults in the n e x t year will be very rnuoh better.”
B alan ce d e fic it........................................................................................ $17,508
The in com e aooount fo r the late fiscal yea r and th e balanoe sheets o f
Feb. 28, 1903, and Oot. 31, 1901, fo llo w :
Compare V. 76, p. 1087.
INCOME ACCOUNT YEAR ENDING FEB. 28, 1903.
Columbus & Hocking Coal & Iron Co.
P rofit from sale o f beer, a ccou n t brew eries and
agencies, after d edaotln g oost o f m an u factu re,
( Report for the year ending March 31,1903.)
op era tin g expen ses, all repairs, ren ew als and
President William H. Ziegler says in substance :
ta xes, in su ran ce and w ater rents a d ju s t e d ......... $ 441,152
9,775 $450,927
D uring the first six m onths co m p a ra tiv ely lo w p rices fo r c o a l p r e ­ M iscellaneous In oom e....................................................
vailed , and it w as on ly b y m ining large ton n ages th at fa ir resu lts
A dm inistrative exp en ses, tenant p rop erty exp en ses, m ana­
w ere obtained. These con d tion s w ere e x a o tly reversed d u rin g the
g ers’ com m issions and expen ses on d o s e d plan ts, taxes
last b a if o f the year, high prices being aooom panled b y an u n p r e c e ­
on capital stock, lia b ility lnsuranoe, e to ................................
96,494
dented shortage in oars and tran sp ortation fa cilities. Our m inin g w as
1,877
con tin u ally interrupted and produotlon redu ced, greatly in crea sin g B rew ery ground re n ts.......................................................................
Interest on b o n d s—G.-B. 8. B rew in g Co. 1st 3s, $168,750;
cost. But fo r this, our profits for the yea r w ou ld h ave been fu lly
underlying 1st 6s, $ 9 ,6 5 0 ..............................................................
178,400
tw ice w hat w e are able to report. As it is, though our p rod u ction fo r
the year fell o ff nearly 100,000 tons, our profits from op era tion s sh ow
a very con sid erable in crease o v e r the precedin g year. This resn lt is Balanoe ov er fixed ch a rg es.............................................................. $174,156
m ost gratifyin g. The ou tlook fo r the oom ing year is e x ce e d in g ly
Deduct—
brigh t
A ppropriated fo r depreciation o f plants, had debts, e tc., fo r
There w ere purchased fo r the sinking fund during the year $ 2 9 ,0 0 0
period endiDg Aug. 31, 19 0 2 .......................................................
$91,893
o f our first m ortgage bonds. T he trustees n ow have In their hands Sinking fund fo r year ending Feb. 28, 1 9 0 3 ......... ..................
25,000
$170,000 o f these bonds. F or the first tim e the holders o f the com m on In terest on 2nd m ort. b on d s l 1 p. o., payable M ay 1 ,1 9 0 3
*
52,500
stook this year receiv ed a retu rn upon their stook. A dividen d o f oneh alf o f on e p. c. w as d eclared p ayable Deo. 1, 1902, and on e o f like T ota l d e d u c tio n s................................................................................. $ 1 6 9 ,39S
am ount p ayable M arob 3 1 ,1 9 0 3 . The fu ll dividend due on th e o u t­ Balanoe surplus fo r y e a r ................................................................
4,769
standing preferred stook w as also deolared p a y a b le Deo. 1, 1902. T otal surplus (including balanoe o f Maroh 1 ,1 9 0 2 , $83,156)
67,913
N otw ith stan din g these paym ents and the paym en t o f $ 7,000 ta x on
BALANCE SHEET.
oapltal stock levied n ndsr the new law o f Ohio, we were able to c a r r y
a substantial aurplns to tbe cred it o f profit and loss. T he e x tre m e ly
Assets.—
Feb 28,1903. Ocf.31,1901.
fa v ora b le cev elop m en ts at S traltsville and Mine No. 1 w ould seem to C ost o f p ro p e rty —In clu d in g real estate,
buildings and plants at brew eries and
Indicate that on r coal reserves are m uch greater than w as estim ated,
agencies, saloons, saloon fixtures and
and while I w ou ld reoom m end the purchase or lease o f desirable lands
w h en ever offered, the n ecessity fo r such aotion does n ot n ow appear
perm anent In vestm en ts................................ $13,144,302 $12,799,810
so argent. T he Bessie Iron F urnaoe, w hich has been under lease fo r Saloon properties and other assets held b y
trustees sinking fu n d .....................................
76,280
som e years, reverts to th e oom pany on Sept. 1 next.
8,265
F ollow in g a cu stom n ow quite com m on , we h ave had our h ook s and Stook o f beer and oth er supplies and m ater’ls
231,697
243,040
accou nts exam in ed by a firm o f p u b lic accou ntants. T hey re o o m ­ L oans and lioen ses..................................................
227,1291
mend som e changes in m anner o f stating a ccou nts, w hich we h ave C ustom ers, less reserve fo r bad debts, dis­
480,364
cou nts, e to ............................................
.........
adopted, the p rin cipal one bein g the tra n sfer from our profit and loss
102,772 f
aooount o f about $95,000 to a n ew aooount ca lled “ sinking fund re­ M iscellan eou s accou nts receiv a b le (se o u re d ).
35,418 J
serve” and the oredlt to this aooount, ou t o f th e y ea rly profits, o f c e r ­ S tocks and b o n d s...............- ....................................
9,804
Cash in banks and on h a n d ..................................
tain am ounts h eretofore carried to profit and loss aooount. tla d th ese
261,745
298,956
ch anges n ot been m ade, onr snrplus fo r this year and tha gen eral
profit and loss aooount w ou ld have sh ow n m uch better.
T o ta l................................................... ................ $14,079,343 $13,840,230

J une

6, 1903.J

THE CHRONICLE.

Liabilities—
Feb. 2 8 .’03.
Capital stock outstanding.............................. $4,965,400
G.-B-8. 1st Mtg bonds outstanding.............. 5,495,250
Seoond Mtg. Income bonds outstanding........ 3.233,100
Eigenbrot Brewing Co., 1st Mtg. 6s.... .........
105,000
National BrewingOo 1st Mtg. 6s outstand’g.
40,000
Mortgage Lion Brewing Co.................................................
Mortgage tenant property.................................................
Aoorued Interest, eto................................................ - ..........
Acoounts payable—adjusted every month_
_
95,174
Reserve for sinking tnnd ...............................
25,000
Interest on 2d Mtg. income bonds l 1 p. o.,
^
52,500
payable May 1,1903...................................
Balanoe, eto......................................................
67,919

1247

Oef.31,’01. proved the proposition to m ake an issue o f bonds to retire
4,965,400 the existing $14,000,000 first and $6,000,000 second m ortgage
5,495,250
3,043,100 bonds m aturing, respectively, in 1908 and 1813, and for such
105,000 further additions and im provem ents as the directors m ay
71,000 authorize. The vote on the lease was 117,000 Bhares in fa v or
31,000
7,739 and 11,000 against its adoption. The m inority interest repre­
9,568 sented by the R ich m on d (V a .) firms named last week are dis­
50,691 posed to continue their efforts to secure m ore favorable
...........
term s.—V . 76, p. 1191, 1029.
...........
Canadian N orth ern R y .—D ebenture Stock Offered.— The
Sterling Financial Company o f London is offering for sale
Total............................................................$14,079,343 $13,840,236 $2,000,000 4 p. c. perpetual consolidated debenture Btock, the
—V. 76, p. 922.
proceeds to be applied to acquire the bonds and stock o f the
follow in g com panies, in cluding:
H udson C ounty Has Co. ( o f New J e rse y ).
Lake Superior Terminals 5 p. o. first mortgage gold bonds..$1,000,000
Winnipeg Land Oo. 5 p. o. first mortgage bonds..................
300,000
('Official S ta tem en t.)
Minnesota & Manitoba Ry. 5 p. o. general mortgage bonds.
250,000
fe
-a
180,000
T he official statement made to the N ew Y ork Stock E x ­ Minnesota < Ontario Bridge Co. 4> p. o. 1st M. deben. bonds
300,000
change on the listing o f the com pany’s $9,180,000 first m o r t­ Canadian Northern Telegraph 5 p. o. general mort. bonds..
Governm ent G u a ra n ty.—A press report states that the
gage 5s gives the follo w in g facts regarding the com pany
Canadian G overnm ent has announced its intention to ask the
and its operations:
The company Is a merger and consolidation of the People’s Gas Light Canadian Parliam ent to guarantee bonds o f the com pany to
Oo. of Jersey City, the Consumers’ Gas Oo. of Jersey City, the Jersey the am ount o f $13,000 per m ile, to aid the construction o f 500
City Gas Light Co., the Hudson County Gas Light Co. and the Bayonne miles o f road from the M anitoba boundary to E dm onton (the
& Greenville Gas LightOo. The oapital stook Is $10,500,000 in shares
of $100 each, all issued and outstanding. Exoept for $570,000 out­ G ran dview -E dm on ton division), taking in return a first m ort­
standing bonds of Consumers’ Gas Works Co., due May 1, 1904, to re­ gage on the property.
tire whloh an equal amount of bonds is reserved, the bonds listed are
Denied.— T ouching the reports o f a pending sale o f the
a first lien on ail the property and franchises, now owned or hereafter
aoqulred. The company has no leases, guaranties or rentals. It sup­ Canadian Northern to the Grand Trunk P acific, D, D. Mann
o f M ackenzie & Mann says :
plies the following towns and municipalities:
They did want to buy a controlling interest, bnt we would not sell
Hudson County.—Jefsey City, Bayonne, Hoboken, Township of Guttenburg.
Township of North Bergen. Borough of Secaucus. Town of Union, Township of It. Our ambition is to build a transcontinental line absolutely Inde­
pendent of any other, and as long as we live we will not sell janadian
Weebawken, Town of W est Hoboken, Town of W est New York.
Bergen County —Borough of CliBside Park. Borough of Fairvlew, Borough of Northern.
Edgewater, Township of RidgeUeld.
S ie G rand T ru n k P acific R y. b e lo w .— V . 76, p. 1083, 751.
The company has contracts for public gas lighting with the muni­
cipal authorities of the following municipalities: Jersey City. Ho­
Canadian Pacific Ry.—L isted in L ond on .— The L ondon
boken, Bayonne, Borough of Fairvlew. The plant consists of three Stock E xchange has listed a fu rth er issue o f £273,082 4 p. c.
oomplete gas works—one looated at 6th and Provost streets, J e rs e y
City; one at Forrest and Halliday streets, Jersey City, and one at 13th non-cum ulative preference stock and £1,114,350 4 p. c. per­
and Willow streets, Hoboken. Total capacity 6,600,000 eublo feet per petual consolidated debenture stock .— V . 76, p. 1029, 809.
day; 24,644 services In use; 1,446 street lamps. Price for gas Is $1 10
Chicago Cincinnati & Louisville R R .— C onsolid ation .—
net per 1,000 oublo feet for all purposes.
Th9 follow in g table show s the net earnings fo r the years This com pan y was form ed on June 4 by consolidation o f the
ended Dec. 31, 1901 and 1902, and fo r three m onths ended C incinnati R ich m on d & M nncie R R , and the C incinnati &
M arch 31, 1903; also the pipe m ileage and m eters in service at Indiana W estern R R ., b oth con trolled by the same interests.
Chicago & Eastern Illinois RR — Called B on d s.— Indiana
end o f eaoh period:
3 mos. lo
B lock Coal RR. bonds Nos. 133 and 154, for $500 each, and
Mar. 31,1903. Year 1902. Year 1901. Nos. 1, 18 and 37, fo r $1,000 each, w ill be paid upon presenta­
Pipe mileage................................. 327-uO
325-80
304-56
Meters in service.......................... 61,612
61,529
54,705 tion to the Farm ers’ Loan & T rust C o., interest ceasing Ju ly
Net earnings................................. $223,904
$719,021
$560,530 1.—'Y. 76, p. 1081, 265.
Interest on bonds........................ 123,305
493,267
445,522
C h ica go & N orth W e ste rn R y .— M eeting.— A t the annual
$225,754
Balanoe, net profits............$100,599
$115,008 meeting on Thursday Frank W o rk was elected to fill the u n ­
expired term o f N. K . F airbank, deceased; no other changes
B A LA N C E SH EE T M A B C H 31, 1903.
were m ade in the board. See earnings on page 1245.— V. 76,
Assets—
$
Liabilities—
$
Plants............................20,322,264 Capital stook.................10,500,000 p. 704, 541.
Cash.............................
335,187 First mortgage 5s........ 9,180,003
C hicago Rock Island & P a c ific RR.—See R ock Island C o.
Bills and aooounts re­
Consumers’ Gas 6s......
570,000
ceivable.................. ..
217,173 Accounts payable.......
86,179 and St. L . & San F rancisco R R , b e lo w .—V . 76, p. 1191,1084.
Inventories..................
243,749 Consumers’ deposits....
80,573
Chicago Union Traction Go.— P aym en t o f In terest.—T h e
Advance payments_
_
12,081 Aoorued taxes..............
87,896
Int., accrued not due...
205,503 interest ($151,875) on C onsolidated T raction bonds due June
Profit and I o b b ..............
420,297 1 was paid at m aturity, as ordered b y J u d ge G rosscup.
F ranch ise.—J u dge G rosscup has appointed June 18 fo r a
Total.......................21,130,454
Total....................... 21,130,454
hearing on the question o f the duration o f the com p an y’s
—V. 76, p. 1146, 868.
franchise. In doing so he said :
Until tbe Court Is further and differently informed, tbe claims of tbe
GENERAL INVESTMENT NEWS,
Union Traction Co. under tbe ninety-nine-year Aot must be regarded
as a valuable asset of that corporation. They oannot be waived as a
prerequisite of negotiations with the city for tbs extension of expiring
R A IL R O A D S . IN C L U D IN G S T R E E T R O A D S.
franchises. I am told that tbe Aot of 1865 [amending that of 1859[ ia
A k r o n -A llia n c e C on n ectin g (E le c t r ic ) B y .— M ortgage.— challenged as unconstitutional; that tbe street railway oompanies
T his com pan y, w h ich was organized w ith $2,000,000 author­ have waived it. and that it is denounced as having been proonred by
fraud. Of the latter I
Nor do I be­
ized capital stock, all o f one class, par value $100, am ount lieve that an informed oannot, as a Court, take notice. nearly forty
public insists upon subjecting,
outstanding: nom inal, has m ade a m ortgage to the Eastern years after, innocent Investors to “ revenge and retribution.” But the
T rust Co, o f this city , as trustee, to secure an issue o f $2,000,- contentions that the Aot is unconstitutional and that it has been
000 o f 5 p. c. $1,000 bonds. These bonds are dated M ay 1, waived are subjects for inquiry. 1 therefore instruct you to prepare
a petition bringing to the Court all the facts respecting this issue. I
1903, and are doe May 1, 1923, w ith ou t option o f earlier re ­ instrnot you, also, to invite the bondholders, the railway companies
dem ption; interest payable June and D ecem ber, The road and the city to supply snoh facts as they may think helpful.
is under con stru ction from A lliance to A k ron , 30 m iles, w ith
I f tbe parties w ish it, Judge G rosscnp says, a m ode o f in ­
a branch to Barberton, 7 miles. A n extension fro m A llian ce tervention cou ld be devised that w ou ld get qu ick ju d g m en t
to East L iverp ool, a distance o f 43 m iles, is also co n te m ­ in a form a l order appealable to the Suprem e C o u rt,—Y . 76,
plated. John C. Short & Sons o f 51 L iberty St., this city , p. 1191, 1084.
are interested.
Chicago & Western Indiana RR.—Galled B ond s.— G eneral
A n th ra cite C oal R oads.—D ispute.—The operators have m ortgage bonds to the am ount o f $62,000 draw n b y lot w ere
declined to recognize the three D istrict Presidents o f the paid at 105 on June 1 at the office o f J. P. M organ & C o., N ew
U nited M ine W ork ers as mem bers o f the Board o f C oncilia­ Y ork .— V. 76, p. 435.
tion on the ground that the latter w ere not specifically
Cincinnati & Indiana Western RR.—C onsolidation.— See
elected to the hoard by vote o f the several districts. A call C hicago Cincinnati & L ouisville R R . a b ov e.— Y . 74, p. 1195.
has been issued fo r a convention o f the United Mine W o r k ­
Cincinnati Richmond & M a n cie RR.—C onsolidation.—See
ers June 15, to take action upon this refusal to recognize the
C hicago Cincinnati & L ouisville R R . a b ove.— V . 76, p. 810,211.
U nion’s representatives.— V . 76, p. 1029, 918.
C levelan d C ity R y.— See Cleveland E lectric R y . b elow .—
A u stin (T e x .) E le ctric R y .—M ortgage.—A m ortgage has
been made to the Equitable Trust Co. o f N ew Y o rk , as trus­ V. 76, p. 1191, 1142.
C levelan d E le c tr ic R y .— C onsolidation.— The shareholders
tee, to secure $359,000 o f 5 p. c. first m ortgage bon d s.— V. 76,
p, 809.
w ill meet June 29 fo r the purpose o f assenting to the pur­
B ay C ities C on solid a te d R y .— See Saginaw -Bay City chase by the com pany o f the railroads o f the C leveland C ity
R y. Co., together w ith a ll its property, franchises, rights and
(M ich.) R y. & L ig h t Co. b e lo w .—V . 69, p. 128.
privileges, and fo r the purpose o f increasing the capital stock
B e r lin B ra n ch B R .—Sold.—This 8-mile line in P enn syl­ from $13,000,000 to $23,400,000; also for the purpose o f am en d­
vania was bid in at sheriff’s sale on Jane 1 by the Y ork ing the articles o f incorporation o f the com pany so as to
(Pa.) T rust Com pany fo r $19,000.
change its name if the stockholders at said m eeting deem it
Canada S ou th ern R y .—New L ease.—The shareholders at best so to do, The m erger w ill g o into effect on J u ly 1. See
their m eeting on Thursday voted to re-lease the road fo r 999 Cleveland City R y . in V . 76, p. 1143. The giv in g o f u n iv er­
years to the M ichigan Central R R . Co. on the term s an­ sal transfers was to begin on June 1. The pu blic agitation
nounced exclu sively in the Chronicle last week, viz., the for a 8-cent-fare road, it is said, is likely to continue. See
guaranty o f dividends on the stock at the rate o f 2>£ p. e. Cuyahoga E lectric T raction Co, in Y . 76, p. 800, 864.— V . 76,
per annum till Jan. 1, 1910; thereafter 3 p. c. They aiso a p ­ p. 810.

6 ,4 8
18

1248

THE OHBONICLE.

[YOL. L X X V I.

C o lo m b ia (S . C.) E le c tr ic S treet R a ilw a y , L ig h t St P o w e r n ew com pany, it is stated, w ill eventually ow n the F ort
Co.—New M ortgage.— A consolidated m ortgage has been W ayne & L im a interurban line n ow in process o f con stru c­
made to the Slater Trust Co. o f P aw tucket, R . I., as trustee, tion, and w ill build a line betw een Fort W avne and W abash
to secure not exceeding $1,000,000 o f 5 p. c. $1,000 gold bonds unless the F ort W ayn e & Southwestern (see below ) can
due A p ril 1, 1933. O f the new issue $500,000 w ill be used to be purchased on a reasonable basis.
retire a like am ount o f bonds created in 1900, v iz .: $350,000
The directors are as follow s :
due Jan. 1, 1930, and $150,000 due Sept. 1, 1930. The re­
President, George F. MoCnllooh, Indianapolis; Vice-President, Jas.
m ainder w ill in part be issued to pay fo r the property o f the Murdock, Lafayette; Seoy.,Stephen B. Fleming, Fort Wayne; Treas.,
C olum bia Gas L igh t C o., and fo r im provem ents, etc., and in Henry C. Paul, Fort Wayne; Col. J. Leverlug Jones, Philadelphia;
part w ill be reserved fo r future requirem ents. A sinking Hugh MoGowan, Bayard Henry. Indianapolis; Charles Murdock, La­
fayette, and Randall Morgan, Philadelphia.
fu n d is to redeem the bonds as fo llo w s: F rom 1908 to 1912,
M r. M cC ulloch is President o f the U nion T raction Co.
$15,000; from 1913 to 1917, $35,000, and the rem aining fifteen
o f Indiana (see page 6 o f Street R a i l w a y Supplem ent
years $150,000.— V . 68, p. 1180.
and V . 76, p. 1194) and Mr. M cGowan is the G eneral Manager
D elaw are & M a g n etic S p rin g s E le c tr ic R y — M ortgage.— and one o f the principal owners o f the Indianapolis T raction
A m ortgage has been m ade in fa v or o f the M ercantile Trust Co.
C om pany o f P ittsburgh, Penn , as trustee, to secure an issue
F o r t W ayn e & S ou th w estern T ra ctio n C o.—R ereiver,—
o f $200,000 bonds, C onstruction is in progress and it is e x ­ The U nited States C ircu it C ourt at F o rt W ayn e, Ind., on
pected the line w ill be extended to R ich w o o d and M arysville, June 2 appointed G eneral M anager S. L. Nelson as receiver
O ., this summer.
o f the com pany on application o f a m a jority interest o f the
Des M oin es & F o r t D od ge R B .—New D irectors.— A. c o n ­ stockholders represented b y J. M anchester Haynes o f A u ­
trollin g interest in the stock o f this com pany was purchased gusta, Me. The com pany has outstanding $1,000,000 o f bonds,
in 1902 (V . 74, p. 1038,) fo r parties represented by W . L . but the interest thereon is not in defau lt.—V . 75, p. 77.
Stow & Co. and E dw in S. H ooley & Co. A t the annual
F o r t W ayn e (I n d .) T r a c tio n Co.— See F ort W ayn e L o ­
m eeting on Thursday tem porary directors w ere elected b y gansport L afayette & L im a T raction Co. a b o v e .— V.69, p.1061.
the new interests.— V . 75, p. 133.
Genesee & W y o m in g B R .— Bonds O ffered.—C. H. W h ite
D e tr o it & M a ck in a c R y .— F irst D ividend.— A dividend o f & Co. o f this city offer fo r sale $200,000 o f this com p an y’s
2 ^ p. c. has been declared on the preferred stock , payable issue o f $500,000 first m ortgage 5 per cent g o ld bonds due
Ju ly 1 at the office o f H en ry K . M cH arg, 40 W a ll St., to A p ril 1,1929. The dividend rate was recently increased from
stockholders o f record June 15, 1903. This is the first d iv i­ 5 to 8 per cent per annum. W ithin the last tw o years nearly
d e n d — V . 75, p. 1027.
$100,000, it is stated, has been expended out o f earnings fo r
D e tr o it P o n tia c L ap eer & N o rth e rn ( E le c t r ic ) R y .— new steel bridges and other betterm ents. The net earnings
Securities, & c.—H aving received inquiries con cern in g this for year ending M arch 31, 1903, are reported as $86,700; in ter­
enterprise, we find that the com pan y m ade a m ortgage in est on bonds, $25,000; surplus available fo r dividends, $61,1901 to the M orton Trust Co. o f this city , as trustee, to se­ 700, equal to 12 1-3 per cen t on capital stock .—V . 76, p. 704.
cure $3,000,000 o f 5 p. c. $1,000 g old bonds due M arch 1, 1932;
G rand T r u n k P a c ific R y .—The “ Canadian Journal o f C om ­
o f these bonds, $300,000 are outstanding. The com pan y a c­ m erce” says:
quired franchises th rou gh Oakland, Lapeer, T uscola and
A Winnipeg letter states that Sir Charles Rivers-Wllson and party
Bay counties, M ichigan, fo r a line w hich was intended to left that city on the 24th Inst, by train over the Canadian Northern.
run from D etroit to Bay City. Subsequently the Lapeer Regarding the rumor that the Grand Trank Paoiflo was about to ab­
C oun cil declared the franohise forfeited , and so far as w e sorb the Canadian Northern, Sir Charles said: “ It would be a very
great satisfaction to my colleagues and myself if a settlement agree­
can ascertain n o part o f the road has been con stru ct­ able to both parties could be arranged. Several conferences with
ed.
A m on g those interested in the p ro je ct w ere Jam es Messrs. Mackenzie and Mann have taken place, hut up to the present
Dean, Orrin J. P rice and E dw ard S. G race, o f D etroit, and time there have been no results.”
See Canadian N orthern R y. a b ove.— V . 76, p. 972, 810.
Daniel R . C arrey, o f R ochester, M ich.
E astern T ru n k L in e.— Settlement with Chicago F reigh t
H am pton R o a d s E le c tr ic R y. Co., N ew p ort News, V a .—
H andlers.— The freight-handlers at C hicago, w h o last year The shareholders have voted to issue $300,000 o f bonds.
obtained an advance o f 15 p. c. in their w ages, dem anded last
H avana E le c tr ic R y.— A u th orized .—T he shareholders have
w eek a fu rth er advance o f 25 p. c. On May 29 the Lake approved the proposition to issue $250,000 bonds as stated in
Shore road and its men reached an agreem ent on the basis o f V . 76, p. 1030, 864
a 4 p. c. advance, and subsequently a num ber o f other roads
H ndson & M anhattan R R .—A p p lica tion fo r F ranchise.—
effected a settlem ent on the same term s.— V . 76. p, 919.
This com pany on May 28 applied to the R apid Transit C om ­
E aston (P a .) C on solid a ted E le c tr ic Co.—R ental.— One o f mission o f this city fo r a franchise fo r the proposed tunnel
the receivers o f the L ehigh V alley T raction Co. is quoted as from Jersey C ity to F ulton and C hurch streets and thence
saying:
southerly tw o block s to C ortlandt Street, and back to Jersey
The matter of the petition recently filed by the Easton Consolidated City. Options on the real estate required fo r the under
Traction Co.asking the Court to give certain instructions tonohingthe grou nd station in this city have already been acquired, the
rental owing from the Lehigh Valley Traotlon Co. has been amicably
arranged. The receivers have assured the Easton Oonsolidated total price it is said being about $800,000. The tunnel, it is
Traotlon Co. that the balance of the rental now overdue will be paid estimated, w ill cost from $6,500,000 to $7,000,000. It w ill be
by July 1. With this understanding the petitioners hava expressed used exclusively fo r trolley cars, as w ill also the tunnel
their willingness to let the future take oare of itself. Personally I
believe that the next rental will be paid when due, in September. w hich the N ew Y ork & Jersey R R . Co. (con trolled by the
same interests) is building a m ile and a h alf further up tow n.
—V. 76, p. 1030, 972.
F o r t D odge ( l a . ) L ig h t & P o w e r Co.— Bonds O ffered.— The officers o f the H udson & M m hattan are:
William G. McAdoo, President; Walter G Oakman. Vice-President;
M acDonald, M cC oy & C o., o f B oston and C hicago, offer
Henry A Murray, Treasurer; and
at 101 and interest $75,000 o f this com p an y’s authorized Dlreotors: MessrB. McAdoo, Oakman, Charles W.B.King, Secretary.
Frederic
Jennings, Joan
issue o f $350,000 first m ortgage 5 per cen t $1,000 g old bonds, Skelton Williams, Anthony N. Erady, H. B. Hollins, John G. McCul­
dated Feb. 1, 1903, and due Feb, 1, 1923. except $95,000 lough, Elbert H. Gary and E. C. Converse.—V. 76, p. 752, 705.
w h ich m ature in annual instalm ents [in February] as f o l ­
L ake S tre e t E levated R R ., C h ica g o.—R e o r g a n iz a tio n low s: 1909-13, $5,000; 1914 1918, $6,000; 1919 1922, $10,000. Time E xtended —The tim e fo r deposit o f securities, as p ro­
P rin cipal and sem i-annual interest payable at the office o f vided in the reorganization agreem ent o f F eb. 7, has been
the Trustee, C hicago Title & Trust C o., C hicago, 111. A ll extended to and in cluding J u ly 15, 1903. See V . 76, p. 382.—
the bonds are su bject to call on any interest paying date on V . 76, p. 972, 864.
and after February, 1908, at 105 and accru ed interest. A c ir ­
Ls,ke S u p e r io r & Ish p e m in g R y .—Called B o n d s — The
cu lar says in part:
Farm ers’ L oan & T rust Co. w ill pay at 105 and accrued in ­
Capital stock, $600,000; bonds authorized, $350,000. The $75,000 terest on July 1, 1903, $45,000 first m ortgage bonds o f 1896,
bonds now offered refund a like amount of outstanding bonds; of w hich w ill reduce the am ount outstanding to $455,000.— V.
the remaining bonds, $150,000 will be issued at once for the
purpose of rebuilding and extending the properties, including a new 75, p. 1202.
modern gas plant and system, and street mains, and the remaining
L ehigh V a lle y T r a c tio n Co.— Purchase o f C ou p on s,—
$125,000 bonds will be held by the trustee for future betterments
and extensions on a basis of 90 p. c . of the cost thereof, and then O D ly Coupons due June 1, 1903, o f the first m ortgage bonds of the
wheD the net earnings of the company shall be at least double the L ehigh V alley T raction Co are being purchased at the offices
Interest charge on the bonds tben outstanding and those proposed to o f E dw ard B. Sm ith & Co., The Bourse, Philadelphia, and 7
be taken out of the hands of the trustee.
Earnings for the year 1902: gross, $10,326; expenses, $27,871; net W a ll St., New Y ork .
R eceiver's C ertificates.— A pplication has been m ade to the
earnings, $12,455.
The company owns a perpetual gas franohise; the street railway and U nited States C ircuit C ourt fo r permission to issue $110,000
eleetrlo lighting franchises are exclusive and run for periods or
twenty-five years from 1894 and 1898, respectively. The company receiver's’ certificates.
D ep osits.— A protective com m ittee, consisting o f G eorge
controls all the gas, eleetrlo light and street railroad business in
Fort Dodge (population 15,000). The eleotrle-llght plant is modern H. F razier, E dw ard B. Sm ith, H arry C. T rexler, W illiam F.
and adequate. Adiltional lines of street railroad will be built. The H arrity and Tom L , Johnson, requests deposits o f the fo llo w ­
gas property consists of a wornout manufacturing plant, and lees
than 3hz miles of mains; total sales of gas last year less than 7,000,000 ing secuiities w ith the G irard Trust Co. in P hiladelphia or
eublo feet. The company will put in some 10 miles of new mains the Lehigh V alley Trust & Safe Deposit Co, in A llen tow n :
this summer, together with a new modern gas plant. Our engineer
B on s
S lo c n fsays that the net earnings after the improvements now nnder con­ LehighkVal.Trao. Co. (bom. & pret.). i Phila d& o f Lehigh Val. Traotlon Co.
tract are completed will be $30,000 per annum.—V. 76, p. 972.
Allentown & Slattngton St. Ry. Co. Quahertown Traction Co.
Allentown &Slatington8t. Ry. Co.
F o r t W ayne L og a n sp o rt L afayette & L im a T r a c tio n Co. Bethlehem <&Nazar’ h Pass. By. Co.
& Nazar’h Pass. Ry. Co.
— C onsolidation.— This com pany was incorporated in Indiana Slate Belt Eleotrio Street Ry. Co. BethlehemEleotrio Street Ry. Co.'
Slate Belt
Easton Consol. Eleotrio Co.
on May 30 with $7,500,000 authorized capital stock to take
R ental — See Easton C onsolidated E lectric Co. a b o v e .—V .
over the lines o f the various traction com panies iu F ort
W ayn e, L afayette and Logansport. the interurban line 76, p. 1030, 973.
L og a n sp ort ( I n d .) R y.— See F ort W ayn e Logansport L a f­
betw een W abash and Logansport and “ such other interurban
lines as shall be bu ilt to com plete the chain o f cities.” T ne ayette & Lim a T raction Co. a b ove,—V , 68, p. 380.

J une 0, 1903.]

THE CHRONICLE

1249

P ere M arquette R K .—See Pere M arquette R R . o f Indiana
b e lo w .— V. 70, p. 1193, 1020.
P ere M a rq u ette RR. o f In d ia n a .— Bonds O ffered.— E. C.
Stanw ood < Co. and Geo. A. Fernald & Co., both o f Boston,
fe
are offering fo r sale $575,000 o f the $3,000,000 first m ortgage
gold 4 p. c. bonds dne M ay 1st. 1943, bnt su b ject to call at
the com pan y’s option at 105. The paym ent o f interest and
principal is guaranteed b y the Pere M arquette R R . Co.
These bonds are secured by a first m ortgage on the exten­
sion o f the main line o f the Pere M arquette from New B uf­
falo to C hicago and on term inals in Chicago. A circnlar
giv in g fu rth er particulars may be had on application to the
bankers,—V . 76, p. 1193, 919.
l’ n b lic S e rv ice C o r p o r a tio n .—D irectors. — T he follow in g
directors are announced:
Three years—A. J. Cassatt, John F. Dryden, Thomas Dolan, George
M etrop olita n S treet R a ilw a y Co., New Y ork C ity.— Called
B onds.— The follow in g bond* have been oalled and w ill be R. Gray, Anthony R. Kuser, Randall Morgan, Thomas N. McCarter
and John I. Waterbary.
paid at par and interest on Ju ly 1 at the M orton Trust C o.,
Two years-Edward T. Bell, Hugh H. Hammill, William C. Heppenv iz .: 42d St. & Grand St. F erry R R ., 50 bonds; 23d St. R y., helrner. Lewis LIUle, John F. Sbauley, Charles A. Sterling, Leslie D.
Ward and P. F. Wanser.
50 bonds.— V. 76, p. 1030, 973.
One year—Samuel T. Bodlne, Thomas O. Barr. David Baird. Walton
M exican C en tral R y.— Plan D elayed.— T h e plan fo r the Clark, Elisha B. Gaddis, Uzal H. McCarter, F. W. Boebllng and E. F.
O. Young.
readjustm ent o f this com pan y’s securities has been form u ­
Deed o f T rust.—A deed o f trust has been filed w ith the
lated, but its announcem ent has been postponed, ow in g to
the present disturbed m arket conditions. The plan w ill be F idelity Trust Co. o f N ew ark, ns trustee, to secure n ot e x ­
brought ou t, it is said, th rou gh W illiam Salom on & C o .— Y . ceeding $20,200,000 trust certificates, to be issued per plan in
C hronicle o f A p ril 18 (page 865), w ith interest rate increas76, p. 1140, 1082.
iug from 2 p. c. the first tw o years to 6 p. c. in the tenth
M issou ri Kansas & T ex a s R y.— P u r c h a s e — A special d is­ year and perpetually thereafter, in exchange fo r shares o f
patch from Denison, T ex , to the “ Dallas N ew s” states that stock in the constituent com panies deposited, or to be de­
on May 28 the sale o f the Denison & W ashita V alley Ry. posited, under the plan, v iz ,:
T o ta l
was ratified as fo llo w s: The part situated in Texas was co n ­
T o ta l
T o ta l
e l f t i f a ll
veyed to the Missouri Kansas & Texas o f T exas; that part
sto ck .
d e p o s ite d .
N ew
sto ck ex c h .
from A toka to Lehigh to the M issouri Kansas & Texas o f
$
$
ee rtif.
0
Kansas, and the line from Lehigh to Coalgate to the South­ North Jersey 8t. Ry........... 15,000,000 13,806,900 40 p. 0. 6,000,000
western D evelopm ent Co., w hioh is bu ildin g fro m Oklahom a Jersey City Hoboken & Pat­
erson Street Ry...................20,000,000 18,618,300 35 p. 0. 7,000,000
C ity to Coalgate. (Com pare V . 74, p. 1038, 1140; V . 76, p. Elizabeth Plalntleld < Cent.
fe
48, 480)— V . 76, p. 1192, 480.
Jersey Ry. Co..................... 3,000,000 2,995,000 30 p. 0.
900,000
Orange & Passaic Val.Ry.Co. 1,000,000
890,190 30 p. 0.
300,000
New O rleans B e lt < T erm in a l Co.— Sold.— See St. Louis & United Eleotrie Co............... 20,000,000 18,146,900 30 p. 0. 6,000,000
te
San Francisco R R . b e lo w .—V. 72, p. 1280.
Total.................................................................................. 20,200,000
New O rleans R a ilw a y s.—Options E xercised on Street B ailUnder the deed o f trust the P u b lic Service C orporation
w ay Stocks.— In the C hronicle o f May 23 on page 1144 there
was published a table show ing the amounts o f stock ow ned covenants as follow s :
The voting power of Public Servloe Corporation upon any of the
by the N ew Orleans Rys. Co. in the constituent com panies
not be used
and the further am ounts held under option
F orm a l notice shares hereby pledged shallIn the capital or exercised for the purpose
of authorizing an Increase
stock of any suoh oompany
is now given b y advertisem ent that tne options have been or the creation of any new lien, security or charge upon its property
or franchises, excepting the refunding, renewal or oontlnnauce of any
exercised in the case o f the railw ay shares and in form in g the
any suoh
of its
holders o f certificates o f deposit fo r the same to present such existing mortgage or mortgages ofnor for anyoompany or anyincon­
underlying or subsidiary companies,
other purpose
certificates fo r paym ent as follow s, interest ceasing on the sistent with the integrity of this pledge.
date nam ed:
Leasei. - - The stockholders o f the Paterson & Passaic Gas &
P e r $1,000 o f —
D a te . A m o u n t . P r ic e .
P la c e (see below.)
E lectric Co., the H udson C ounty Gas C o., the South Jersey
N . Orleans City RR. Co., com .xJuly 10 $014,400 $350. N. Y . Sec. & Tr, Co.. N. Y .
Gas, E lectric & Traction Co, and the Essex & H udson Gas
Prefeired...................................xJulylO l,lo7,500 1,125.
do
do
N. Orleaus & Carrollton RR..
Co. have duly ratified the leases o f their com panies’ property
Light & Power Co., pref....... July 1 1,657,100 1,050.H ib’miaBk.&Tr.Co.,N.O
St. Charles Street RR. Co
July 1 824,850 1.600.
do
do
to the P u blic Service Corporation fo r 900 years from Jan. 1,
1903. The terms, w hich in the case o f the H udson C ounty
x Dividend* cease on July 10; payment will be made on and after July 1.
Paym ent o f any o f the certificates w ill also be made in Gas Co. and the Paterson & Passaio Gas & E lectric Co.
Louisville at the F idelity Trust & Safety V a u lt Co. and in were slightly m odified after the first proposition was m ade,
N ew Y ork at the N ew Y o rk Security & Trust C o .; also in are as fo llo w s:

M anhattan (E le v a te d ) R y., New Y o rk .— Ftraf D ivid en d
from R entul.—T ae Interborough Rapid Transit Co. has au
thorizad the paym ent o f a dividend o f \% p. c. on the stock
for the quarter ended June 30, payable Ju ly 1 to h old ers o f
record June 12. A n additional dividend brin gin g the annual
rate up to 7 p. c „ the m axim um under the lease, w ill be paid,
if earned, with the last quarter o f the year.— V. 76, p. 919,
864.
M assachusetts E le c tr ic C om p a n ies.—New B onds.— See
N ew port & Fall R iver Street R y. below .
Called B onds.— The A m erican Loan & T rust C o., Boston,
w ill pay on Ju ly 1 at 105 and interest the fo llo w in g first
m ortgage bonds issued in 1898 by the L ow ell L a w ren ce &
H averhill Street R y. C o., v iz ., Nos. 212, 224, 402, 420, 565,
568, 773, 864, 932, 961 and 1057.— V . 76, p. 1143, 973.

N ew Orleans at any one o f tw elve institutions.
These paym ents w ill reduce the fixed charges som e $80,000
annually by the substitution o f 4% p. c. bonds (w ith stock s)
fo r the present underlying stocks w ith their guaranteed d iv ­
idends. The funds fo r the transaction w ill be obtained b y
issuing about $3,600,000 o f the 4%% bonds, $1,800,000 pre­
ferred stock and $3,000,000 com m on stock, There is thus
le ft under option only $2,020,700 (54 p. c .) o f the stock o f the
N ew Orleans Gas L ig h t Co., option price $1,250 per $1,000.—
V . 76, p. 1193, 1144.
N ew p ort & F a ll R iv e r S tre e t R y .— New B onds.— This
com pany, w h ich belongs to the system o f the Massachusetts
E lectric Companies and w hose property is leased to the Oid
C olony Street .Ry* Co. at a rental guaranteeing the interest
on the bonds and 6 p. c. on the stock, has made a consoli­
dated m ortgage to the A m erican Loan & Trust Co. o f Bos
ton, as trustee, to secure an issue o f $1,000,000 o f 4 p. c.
$1,000 50 year gold bonds, dated Oct. 1, 1902. O f these bonds
$353,000 are reserved to retire an equal am ount o f previous
issues now outstanding (see p. 15 o f Str ee t R a i l w a y S up lem ent ) ; $457,000 are held in esorow to pay in part for addi­
tions to the property, su b ject to the provisions o f the trust
deed, and $190,000 are n ow offered fo r sale by N. W . H arris
& Co. at par and interest. A m odern pow er station o f about
4,000 horse pow er is under construction.
The earnings
fo r the year ending June 30, 1902, are reported as gross to
$229,581; net, $105,722; taxes and interest on bonds, $33,843;
balance, surplus, $71,879.—V . 75, p. 80.
New Y ork & J ersey R R .— See H udson & Manhattan R R .
a b ove.—V . 76, p. 705, 436,
N iagara J n n c tio n R y.— Sale o f S tock.— See N iagara Falls
P ow er C o., V . 76, p. 1146.
Norfolk-Portsraouth Terminal Co.—In corp ora ted .— This
com pany was incorporated in New Jersey on May 14, w ith
$500,000 authorized capital stock, fo r the purpose o f establish
ing railroad and steamship term inals at N orfolk and P o rts­
m outh, V a. The incorporators are all representatives o f the
C orporation Trust Co. o f N ew Jersey.
N orth ern S ecu rities Co .—H ea rin g Dec. 14..— The United
States Suprem e C ourt has fixed Dec. 14 n ext as the date for
argum ent in the m erger suit.— V . 76, p. 1028, 919.

Annual Rental—Dividends Guaranteed.

1st yr. vd.
Company—
Essex & Hudson Gas Co ..
Hudson County G as C o ... ...2
a*
Paterson & Passaic Gas &
2
Electric C o___ " . . . . — . . . 1*
South Jersey Gas, Electric &
Traction C o.......................
4«

3d. -ith.
5i
3
*

bth. tlth. 7( h. 8th. Ttureafter.
8 yearly.
7% 3% 8*
8*
5
a
7
8
8
-

2K

3

316

4

5

5

6

“

5

6

7

8

8

8

8

“

The securities were shown in V . 76, p. 865; see also South
Jersey Gas, E lectric & Traction Co. below and H udson
Connty Gas Co. under “ A nnual R eports.”
O ption .—The holders o f the aforesaid trust certificates,
issued on accou nt o f the stoeks deposited, and the share­
holders o f the fou r leased properties, are offered the privilege
of subscribing at par for an am ount o f P u b lic Service stock
equal to one-sixth o f their present holdings. This privilege
w ill term inate June 20, when the subscriptions m ust be paid
in f u l l . - V . 76, p. 1193, 1144.
Onebee C en tra l R y. Co .— Listed in L ondon.— The London
Stock E xchange has listed a farther issue o f £115,150 3 per
cent second debenture stock (redeem able) and £115,150 new
incom e bonds o f £50 each, Nos. 4,400 to 6,702,— V. 76, p. 920.
O aebec S ou th ern R y.— C ontrol Continued.— See South
Shore R y. below .—V . 75, p. 1254, 1032.
R ich m on d F r e d e rick s b u rg & P otom a c R R .— New M ort­
gage.— A new m ortgage has been m ade to the Central Trust
Co. o f this city, as trustee, to secure $4,000,000 o f 3% p. c.
bonds due A pril 1, 1943; interest payable A pril 1 and O ct. 1.
The proceeds w ill provide fo r dou ble track and other im ­
provem ents.—V . 76, p. 99.
R ock Isla n d C o.—Plan O perative.— See St. Louis & San
Francisco R R . below .
A pplication to L ist.— The N ew Y ork Stock E xchange has
been asked to list the follow in g securities : $5,809,800 ad­
ditional preferred stock and $26,442,600 additional com m on
stock o f the R o ck Island Co. o f N ew Jersey, m aking the
totals listed $54,000,000 and $96,000,000, respectively; also
$16,333,000 o f the $18,500,000 bonds o f 1913 o f the C hicago
R ock Island & P acific R R . C o.— V . 70, p, 1193, 1144.
St. L ouis Sc San F ra n cisco R R .— Plan O perative.— J. P.
M organ & Co. announced on M onday that “ the holders o f
m ore than 225,000 shares o f the com m on stock o f the St.
Louis & San F rancisco R R . Co. have accepted the offer sub­
m itted on behalf o f the Chicago R ock Island & Pacific R R .

1250

THE CHRONICLE

C o. in the circu lar o f May 12, 1903, and have deposited their
shares, and such deposit constitutes a final acceptance o f said
offer, and the purchase o f said stock has th erefore been c o n ­
sum m ated.” There w ill be no extension o f the offer. The
entire capital stock outstanding, both com m on and preferred,
is |50,000,000. Under the term s o f the offer for each share
o f com m on stock so deposited there is given $60 (par value)
in the com m on stock of the R o ck Island Com pany o f N ew
Jersey and $60 (par value) in the 5 per cent g old bonds o f
1913 o f th6 C hicago R ock Island & P acific R ailroad Co. The
application to list $16,333,000 o f the bonds (see R o ck Island
Co.) w ou ld indicate that about $27,000,000 o f the stock has
been deposited.
New Orleans Term inals.— This com pan y has arranged to
hold jo in tly w ith the Southern R y. Co. the Chalm ette ter­
m inals form erly owned by the N ew Orleans & W estern R R ,,
the latter having been foreclosed in 1901 and reorganized as
the N ew Orleans Belt & T erm inal Co. The property w ill be
im proved and a m ortgage issued to provide fo r the cost.
New Orleans Trackage R igh ts,— N egotiations are in p rog ­
ress to give the ’ F risco a line into N ew Orleans over the
tracks o f the St. Louis Iron Mountain & Southern, from
Memphis to A lexandria, thence over the Texas P acific to Baton
R ouge, and i to N ew Orleans over the Illinois C entral.— V.
76, p. 1144, 1086.
Saginaw-Bay City (Mich.) Railway & Light Co . —M erger.
— This com pany has been organized w ith a New Jersey ch a r­
ter to take over the traction and lightin g systems in Saginaw
and Bay C ity, M ich.
The com panies to be m erged are the
Saginaw V alley T raction Co. (inclu din g the Interurban R y.
to Bay C ity) and the Bay Cities Consolidated R y ., together
w ith the illum inating com panies in the tw o cities, v iz : The
Bay C ity Gas Co. (V . 76, p. 437,) and the B artlett Illu m in ­
ating Co. The capitalization o f the new com pany w ill be
$3,000,000 com m on stock and $7,000,000 o f 5 per cent 20-year
bonds, dated Sept. 1, 1903.
E. W . Clark & Co. and K in g,
H odenpvl & Co. are financing the project.
S agin aw T a lle y (Mich.) T r a c tio n Co.—See S agin aw -B ay
City (M ich .)R y . & L ight Co. a b ove.— V . 75, p. 291.
South Jersey Gas, E le ctric < T r a c tio n Co.—M ortga ge,—
fe
The com pany’s new m ortgage to the F idelity Trust Co. of
Philadelphia, as trustee, secures, as already an nounced, an
issue o f not exceedin g $15,000,C O 5 p. c $1,000 g old bonds.
O
The details o f these bonds have been sligh tly altered since
the advance statem ent regarding them was published in the
C hronicle (V . 76, p. 544). The bonds are dated M arch 1,
1903, and are due M arch 1,1953. O f the authorized issue,
$2,111,CO is reserved fo r prior liens and $7,249,000 are o u t­
O
standing. The bonds are guaranteed as to principal and in
terest.
Lease.—See P u blic S ervice C orporation a b ove.— V. 76, p.
1144, 866.
South M id d lesex (Mass.) Street Ry.—R eceiver.— This co m ­
pany was recently placed in the hands o f M. Sumner M yrick
o f Boston as receiver. In addition to capital stock o f $100,000 and bonds fo r the same am ount, the com pany has a float­
ing debt w h ich, it is said, amounts to $183,000. See page 87
o f Street R a il w a y Supplement .
South Shore By.—Quebec Southern Interests Still Control.
— His L ordship, A ctin g C hief Justice T ait, in the Superior
Court at Montreal on M ay 28, in the quo w arranto proceed­
ings o f A lfred Schiffer o f N ew Y ork, declined to rem ove from
office the present directors, w h o were elected b y the Quebec
Southern interests, and particularly H iram A H odge o f N ew
Y ork ; President; Frank D. W h ite o f R utland, V erm ont,
Secretary; Percival W . Clem ent and D r. W . Seward W eb b .
In October, 1901, an agreement was entered into for the merger of
the South 8hore Ry. -with the Quebec Southern under title of “ The
Quebec Southern By. Co.,” 43 p. o. of whose stook was to go to the
South Shore By. Co. Benjamin P. Moore was at that time registered
as owner of two-thirds ot the shares of the South Shore oompany and
A. L. Meyer for 20 shares. On 8ept. 8, 1902, Moore and Meyer trans­
ferred their shaies to members of the Sutro reorgaolza ton commit­
tee (Y. 75, p. 241, 612, 1032, 1255). The transfers were served on the
company, bat at the annnal meeting on Sept 16 President Hodge re­
fused to recognize them, and despite the protest of the Sutro interests
the Quebec Southern men were re-eleoted dlreotors.
The Court holds that the plaintiff and his associates acquired the
shares standing In the names of Moore and Meyer, subject to all the
equities attached to them, and that Moore and Meyer had virtually
pledged themselves to vote in a oertain manner in order not to inter­
fere with the amalgamation proceedings that were oommenoed, and
had been continuously carried on as far as possible; consequently the
board of direotors of the 8outh Shore Railway Co. was properly reeleoted and the action was therefore dismissed with costs.—V. 75, p.
1255,1032,
Southern Railway.—New Orleans Terminals.— See St.
L ouis & Sac F rancisco R R . above. —V . 76, p. 866, 649.
Springfield (111.) Consolidated Ry.—Paym ent fo r S tock,—
The L ouisville “ Courier-Journal ” announces that the
L ou isville stockholders o f this com pany have com e to an
agreem ent with E, W . Clark & C o., by w hich the firstnamed parties w ill receive fo r their holdings 75 per cen t in
bonds and 50 per cen t in stock o f the Springfield R y <
fe
L ig h t Co. (see V. 76, p. 1193). The plan for.th e organization
o f the last-nam ed com pany superseded that for the fo rm a ­
tion o f the Springfield & Central Illinois E lectric R y .—
V . 75, p. 550.
S p rin g fie ld (III.) Railway & Light Co.—Purchase.—See
Springfield (111.) Consolidated R y. a b ov e.—V. 76, p. 1193.
T erre H aute E le ctric C o.—Successor.— See Terre H aute
E lectric T raction Co. b e lo w .—V . 74, p. 1039.
T erre H aute ( I n d .) E le c tr ic T r a ctio n Co.— Successor
C om pany.— This com pany was incorporated in Indiana on

[V ol. LXXVI.

June 2, with $3,000,000 o f authorized capital stock, to su c­
ceed to the property o f the Terre Haute E le ctric Co. (Stone
Sc W ebster, G eneral Managers), in clu d in g the Terre Haute
street railw ay and electric-ligh tin g plant, the interurban
line to Brazil, the street ra ilw a y and lig h tin g plant there,
and an interurban line, under con stru ction , to C linton, a
distance o f 16 miles. The directors are:
R. G. Jenchs, B . V. M a rsh a ll, B ertia MoCormlok, 8. O. McKeen, G. F
Wells, F. A. McNutt and A. H. Donham.
U n d ergrou nd E le c tr ic R a ilw a y s Co. o f L o n d o n .— C ap ­
italization o f Subsidiary C om panies.—The capitalization of
the subsidiary com panies is approxim ately as follow s, in clu d ­
ing in the case o f the M etropolitan D istrict R y. Co. the
£600,000 second preference and £200,000 debenture stock
recently subscribed:
M e t r o p o l it a n D is t r ic t R a il w a y .
Ordinary stocl£.......................................................................................................... £2,750,000
214,441
x Hammersmith rent charge 4V4 p. c. stock............... ................................ .
250.0C0
x Ealing rent charge perpetual 4H p. c guaranteed stock......................
x Fulham rent charge perpetual 4H p. c. guaranteed stock....................
30 ,000
x Ealing A Harrow rent charge perpetual 3)^ p. c. guar, stock.............
250,000
x Bow Extension guaranteed 4 p. e. stock....................................................
330,000
x
“
"
2d guaranteed 4 p. c. stock...............................................
182,927
Guaranteed i p, e. stock...................................................................................
. 1,260,000
Extension preference stock, 5 p. c.......................................................
say 1,100,000
“ guar. 1 to 3!^ p c.(see “ Status” above), about 400.000
Second preference stock (proposed, see above)...........................................
600,000
Six per cent peroetual debenture stock......................................... ................. 1,211.625
Four per cent perpetual debenture stock.......................................................
927,200

B a k e r St r e e t & W a t e r l o o R a il w a y .
Ordinary stock, authorized £1.725.000, issued............ ..................................
Preferred stock. 4 p. c„ authorized and all outstanding ........................
[During construction interest at rate of 3 p c. per annum is to he
paid on £276,810 of the ordinary and £108,570 o f the preferred.]
Borrowing powers, £749,000, but unexercised as yet.

357,400
660,000

G r e a t No r t h e r n P ic c a d il l y & B r o u p t o n R a i l w a y .
Deferred ordinary shares................................................................ .................... £1.625,000
Preferred ordinary shares (£3.200.000 authorized—see V . 76, p. 383).. 2,000,000
Debentures 4 p. c. authorized, limited to £1.608.000.

C h arin g C ross E oston & H am pst ea d R a il w a y .
Stock authorized, £4,326.000................................................................................
[?)
Borrowing powers, £1,442,000................................................................................................

L ondon U n it ed T r a m w a t s Co .
Ord inary sh ares full paid......................................................................................
“
“
10 p. e. paid................................................................................
Preferreds p. c. cumulative shares, full paid............ ................................
“
“
“
“
10 p. c. paid..........................................
First mort. 4 p. c. debenture stock subject to call at option after Jan.
1, 1920, authorized to an amount equal to share capital; issued___

£600,070
399.930
825,000
175,000
825.0C0

* It is proposed to consolidate these issnesjinto one u iform 3 p. c. stock.—
V. 76, p. 1031, 974, 920.

U n ion P a c ific R R .— Strike Ended.—The m achinist strike,
w h ich began nearly a year ago, has ended in a com prom ise
by w hich th e men get an increase o f 7 per cen t in wages,
nine honrs to constitute a day’s w ork. See ‘ ‘Journal o f
C om m erce and C om m ercial B ulletin” o f Jane 5.—V. 76,
p, 920.
Z a n e s v ille & S ou th eastern T r a c tio n C o.—M ortga ge.— A
m ortgage has been filed w ith the C leveland T rust Co., as
trustee, to secure $1,000,000 gold bonds o f $1,000 each, dated
A pril 1, 1903, m aturing A p ril 1. 1928, w ith interest at 6 p. c.,
payable A p ril 1 and O ctober 1 at the office o f the trustee.
The trolley com pany proposes to build from Zanesville to
Duncan Falls and later to R oseville, F alton h am , C rooksville,
C am bridge and C oshocton. Col. A. E. Boone is interested.

IN D U S T R IA L . GA S AND M ISCELLANEOU S.
A m e rica n W a lth a m W atch Co.—J oin t P urchase.— E. Z n rbrugh, o f Philadelphia, representing a syndicate o f w atch
case and m ovem ent m anufacturers, has purchased the capital
stock o f the A m erican W a tch Case Co., lim ited, o f Toronto,
fo r a sum stated as $250,000, being at the rate o f $150 a share.
The business o f the T oronto com pany was established some
25 years ago, and the daily output is said to be about 340
cases. The A m erican com panies or their friends have, it is
stated, effected an alliance th rou gh an interchange o f stock,
but no consolidation, it is asserted, is contem plated. The
leading com panies interested in the transaction are:
Oompany—

Capital stock.

_
American Waltham Wateli Co .. _ $4,006,000
E gin National Watch Co...........
Keystone Watch Case Co............ .
Crescent Watoh Case C o ..........
(?)

Par.

$100
1,000
100
(?)

Dividends,

lo p. 0,
8 p. o.
6 on com.
(?)

x Of this, $2,200,000 is 5 p. c. non-cumulative preferred.—V. 76, p.
161.
A tla n tic Coast L u m b er C o.—Foreclosure.— The U nited
States C ircuit C ourt at Charleston, S. C , has ordered the
foreclosure sale o f the property; upset price, $1,000,060.— V .
75, p. 1033.
(B . F .) A very & Sons, A g r ic u ltu r a l Im plem en ts, L o u is ­
v ille , K y .— Stock.—This K entucky corporation has filed an
amendment to its articles o f incorporation, increasing its
capital stock from $581,700 to $1,400,000. O f the latter
am ount $900,000 is 6 p. c. cum ulative preferred w ith prior
righ t to paym ent o f principal in the case o f liqu idation or
dissolution, and $500,000 is com m on stock. The holders o f
the existing 5,817 shares o f $100 each w ill exchange these,
dollar for dollar, for the new preferred stock and in addition
w ill receive a dividend o f 80 p. c. ($465,360) in the new com ­
mon stock. The com pany’s indebtedness is lim ited by the
articles o f incorporation to an am ount not exceedin g $500,000. In 1892 a mortgage was m ade to the Bank o f K en tu ck y
(now National Bank o f K en tu ck y ), as trustee, to secure $300,000 o f 6 p. c. bonds, none o f w h ich have been sold; they have
m erely been used from tim e to tim e as collateral for tem ­
porary loans and can be taken up at any time. The business
was established in 1825; it includes the m anufacture of plow s
and other cultivating im plem ent?. Branches are maintained

THE CHRONICLE.

J one 6, 1903.J

at Memphis, New Orleans, DallaR and New Y ork City.
G eorgeC . A very is President; J .W . Ganlbert, Vice-President.
Bay City (M ich .) Gas Co.—See Saginaw-Bay City (M ich.)
Ry. & Light Co. under “ Railroads ” above.— V. 70, p. 437.
Bloomington Coal < Coke Co.— Called Bonds.—The $15,fc
000 unpaid first mortgage bonds o f 1891 w ill be paid at par
on July 1, 1903, at the Quaker City National Bank, Philadel­
phia. The property is now owned by Peale, Peacock & Kerr,
incorporated.
Cam bridge (M ass.) Gas L igh t Co.— New Stock.—The Mas­
sachusetts Gas & Electric Light Commission has authorized
the com pany to issue 800 shares o f new stock at $300 a share
(in place of 1,000 shares at $175 as asked), the proceeds to be
applied to the cost of constructing a new gas holder. The
new stock may not be issued until fa ll.—V. 75, p. 668.
Central P ennsylvania Lum ber Co.—See United States
Leather Co. below.
Central Union (B e ll) Telephone.— Removal o f Office.—
The company, it is announced, will shortly rem ove its offices
from Chicago to Indianapolis.—V. 76, p. 1190, 975.
C itizens’ Gas & E lectric Co., L orain and E ly ria .—Sold.—
See Union Natural Gas Corporation below .— V. 76, p. 656.
Continental T obacco Co.—Dividend.— A second quarterly
dividend of 4 per cent on the com m on stock was declared
last week, payable July 2, the same amount having been
paid on A pril 2d last. From April, 1902, to Jan. 1, 1903, the
rate was 10 p. c. per annum.— V. 76, p, 591, 481.
D e la w a r e R iv er Ferry Co .— Called Bonds.—Ten bonds o f
1891 have been called fo r payment on July 1 at 105 and a c­
crued interest at the Provident Life & Trust Co. o f Philadel­
phia, trustee, v iz.: Numbers 17, 148, 160, 198, 203, 207, 286,
800, 350, 486.—V . 74, p. 1198.
Denver United Breweries, Limited.—Listed in L ondon.—
The London Stock Exchange has listed €200,000 6 per cent
first m ortgage debentures o f £IC0 each, Nos. 1 to 2,000.
These debentures were issued at 93 in 1901 to replace deben­
tures m aturing.—V. 71, p. 866.
Detroit Iron & Steel Co.—Status.—This company, incor­
porated in Michigan in April, 1902, with $1,500,000 capital
stock in $10 shares, of which half is 7 p. c. cumulative prefer­
red, is building a blast furnace w ith a capacity of 250 tons
per day o f foundry iron and something over 300 tons per day
of malleable or Bessemer. The plant is located on Zng (or
Brady’s) Island in the Detroit R iver, and, it is expected, will be
in operation before the end of. the year. M. A. Hanna & Co.
of Cleveland are largely interested. The officers are:
President, D. R. Hanna; Vloerf’ resldent, C O Bolton; Seo. and Treas.,
C. W. Baird; Gen. Myr., F. B. Riohards.
Dominion Iron & Steel Co.—Bonds—The directors have
authorized the issue of $1,500,000 serial bonds, whose security
will include the lease of the property o f the Dom inion Coal
Co. The entire loan, it is stated, will be underwritten by the
directors of the Dominion Iron & Steel Co. The proceeds will
be need to com plete the mills now under construction.
Fall in P rice o f Stock,—The failure on Tuesday o f A
E. Ames & Co., one of the leading banking houses in T o ­
ronto, caused tem porarily considerable demoralization in the
prices of oertain Canadian and other stocks, including the
shares of this company, Mr. Am es being the son-in law o f
its Vice-President, G eorge A. C ox.—V , 76, p. 1140, 1C87.
E. I. Dupont de Nemours P ow d er Co.— Consolidation.—
This company was incorporated in N ew Jersey on May 19,
with $50,000,000 authorized capital stock, o f which $35,000,0(10
is 5 p. c. cumulative preferred, to take over all the plants
controlled by the Dupont interests, including that at W ash ­
ington, Del., and those in New Jersey operated under the
title o f the Hazard Powder Co., the Atlas P ow der Co.
and the Hercules Torpedo Co. A dvices from San Fran­
cisco announce the visit o f T. C. Dupont to that city
for the purpose of bringing about a consolidation. The “ San
Francisco C hron icle” of May 23 said:
The corporations here encaged In making powder are the California
Powder Works, the Judson Dynamite & Powder Co., the Giant Powder
Co. ((Consolidated), and the California Vigorlt Powder Co. The Du
Ponte are the largest stockholders In the California Powder Works.
The Giant Company Is willing to enter the combination. The Cali­
fornia and the Giant are the largest powder manufacturers on this
coast. The present value of the capital stock of eaoh company Is esti­
mated as follows: California, 15,000 shares at $200 per share. $3,000,000; Giant, 20.U00 shares [of $100 each, paid In $29 36] at $75,
$1,600,000; Judson, 20,000 snares at probably $15. $300,000; Vigorlt,
50,0<'0 shares [of $10 eaoh] at $3 50, $175,000. Total, $4,975,000.—
See V. 74. p. 58u.
Edison Electric Illum inating Co. o f Boston.— New Stock
—Option.—The shareholders voted on Tuesday to increase
the capital stock from $8,635,500 to $9,499,100. The new
stock is offered to stockholders o f record on June 2 at $200
per share, one new share for every ten shares now held. The
right to subscribe expires June 30, 1903, and subscriptions
must be paid on or before A ug. 3. 1903, in fu ll.— V. 76,
p. 1088, 975.
Elgin (N ational) Watch Co.—See A m erioan W altham
Watch Co. above.— V. 70, p. 544.
Fairmont Coal Co.—E arnings.—For the quarter ending
March 31, 1903, the net earnings were $570,356; all deduc­
tions, $160,194; sinking fund, $15,242; balance, snrplas, $400,920. The results for the calendar year 1902 compare w ith
those for the year ended June 30, 1903, as follow s :
Period.

Net.

1902 (oal. year),.. $1,710,706
1901-2.................. 1,069,658

Interest.

$310,02L
258,941

Sink. Fund.

$99,192
81,843

1251

The capital stock is $13,000,000; of the $6,000,000 first m ort­
gage bonds $138,000 had been retired by the sinking fand
prior to Jan. 1, 1903. Compare V. 74, p. 481, 329, 98,
D irectors.— In pursuance o f the com m unity o f interest re­
cently established with the Consolidation Coal Co. and the
Somerset Coal Co. (see V. 70, p. 383, 105), Messrs. Oakman,
Baldwin and Belmont o f New Y ork and Flem ing and W a t­
son o f W est Virginia have been elected to the board, which
now in clu d es:
C. W. Watson (President), George O. Jenkins, G. M. Shrlver, H. J.
Bowdoln. L. F. Boree, H. L Bond Jr.. J. II. Wheelrlght, C. W Wool.
ford, J. E. Watson, Walton Miller. A. B Fleming. 8. L. Watson, W. G.
Oakman, W. H. Baldwin Jr., August Belmont.—V. 76, p. 1033, 333.
Federal T eleph one Co.— A pproved,—The shareholders
voted on Monday to reduce the par value o f the stock from
$100 to $10 a share. Compare V. 70, p, 1195.
General A shphalt Co. —In Possession—New Securities.—
The plan o f reorganization dated July, 1902 (see V. 75, p. 188),
has been carried into effect and the securities or properties
acquired by the reorganization comm ittees have been con ­
veyed to the General Asphalt Co., which is now conducting
the business form erly o f the Asphalt Company o f A m erica
and o f the National Asphalt Co.
Holders o f certificates o f deposit for the secnrities o f the
old companies can now obtain the new stock to w hich they
are entitled, but, in the case o f the National Asphalt C o., only
upon payment o f cash assessment, viz.:
P a y in g
■ W ill r e c e iv e --------E a c h $1,000 p r i n c i p a l o f —
am ess.
N e w c o m . New pref.
........
x$5CO
Asphalt Co. of Amerioa 5s...... ............... None.
National Asphalt Co. 5a........................... $16 00
y$400
........
do
do
common stook......
160
y 40
........
do
do
preferred atook....
4 40
y 110
........
x At Commercial Trust Co., Philadelphia, Pa., or the Mercantile
Trust Co., New York, N. Y.
y At Equitable Trust Co., Philadelphia, Pa., or Guaranty Trust Co.,
of New York. N. Y.
Pending the engraving o f permanent stock trust certificates
interim certificates representing the same will be issued.
Decree Value.—See National Asphalt Co. b e lo w .—V . 76,
p. 1145.
Havana T ob a cco Co.— W a r Over.— The com pany an­
nounced this week the conclusion o f the cigar war and the
restoration o f prices to approxim ately where they were about
March 1, when the contest began. The outs were from 5 to
10 per cent.—V. 75, p. 735.
H ingham W ater Co.—M aturing Bonds.— The bonds ($60,000) due on June 1 w ill be paid in cash at the Hingham N a­
tional Bank or at the National Bank o f the R epublic, Boston,
or can be exchanged for certificates o f indebtedness bearing
5 p. c. interest, to run for 30 years. The com pany’s debt will
then consist of plain bonds or certificates (no m ortgage) as
follow s: $40,000 due Dec. 1, 1905; $30,000 due Dec. 1, 1908,
and $60,000 due June 1, 1923. Capital stock is $120,000.
Hudson County Gas Co.—Liste i.—' he New Y ork Stock
T
Exchange last week listed $9,180,000 o f this com pany's first
mortgage 5 p. c. bonds o f 1949. See further facts under
annual reports.
Lease — See P ublic Service Corporation under “ Railroads”
above.—V. 76, p. 1146, 868.
In d ia n a p o lis ( l a d .) Gas Co.—New M ortgage.— A. m ort­
gage was recently filed with the Trust Co. o f A m erica o f New
York, as trustee, to secure an issue o f $7,500,000 o f 50-year
5 p. c. gold bonds, dated April 1, 1903, interest A pril 1 and
Oct. 1. Of this issue $8,2011,000 will be reserved to retire old
bonds at or before maturity ($2,750,000 first mortgage 0s due
May 1, 1920,) and the remainder will be sold to provide means
for the future extensions o f the business.
Natural Oas to be Shut Off—Judge Neal in the C ircuit
Court at Noblesville, Ind., on Jane 1 dissolved the tem porary
injunction obtained last December by the city of Indianapolis
to restrain the com pany from discontinuing its natural gas
service in Indianapolis. The ju dge said that since the tem ­
porary injunction was granted the supply o f gas to Indian­
apolis has decreased from 6,000,000 cu b ic feet to 1,584,000
cubic feet; also that the evidence showed that the com pany
is only operating one pump, and that as m uch gas is
required to run it as it could convey to Indianapolis; also that
the intake at the pum ping station has decreased from five
pounds, when the temporary restraining order was granted, to
less than seven ounces, the present pressure. On Jane 8 the
company will discontinue its natural gas service in Indian­
apolis, about 5,000 patrons being affected.—V . 68, p. 428.
In te rn a tio n a l Steam P um p Co.— Dividend.—The directors
have declared the regular quarterly dividend o f 1 % per cent
on the preferred stock and a dividend o f 4 per cent payable
in quarterly instalments on the com m on stock. The earn­
ings for the year ended March 31, 1903, it is stated, were the
largest in the history o f the com p a n y.—V. 76, p. 1140, 215.
Keystone W atch Case Co.—See A m erican W altham W atch
Co. above.—V . 70, p. 383.
K n o x v ille (T e n n .) Gas L ig h t Co.—Sold.—Farson, Leach &
Co. have purchased control o f this property.—V, 76, p. 708.

Lackawanna Steel Co.—A pplication to L ist.—A pplication
has been made to the New Y ork Stock Exchange to list
$1,301,498 $3,848,000 o f the first m ortgage 5 p. c. convertible bonds of
728,874 1923.—Y . 76, p. 869, 597.
Ba!., Snrp.

THE CHRONICLE

1252

Lee, Tweedy & Co., New York,— To Go Out o f Business,—
A fter an honorable history of over fifty years, this dry goods
job b in g house has decided to g o out o f business, the profits
o f the middleman being “ no longer what they were.” The
stock of goods has been disposed o f; a large block was taken
by H. B. Claflin Co. a month ago.—V . 71, p. 1070.

[VOL. L X X V I.

tem porary, being due to the failure o f Porter Bros, o f Chi­
cago, whose President, J. S. W atson, owned the m ajority of
the $600,000 capital stock. The liabilities are stated as $245,000; assets, $600,000.— V. 71, p. 33.

Pacific Coast Biscuit Co.—deduction o f Stock.—The share­
holders have voted to reduce the capital stock to $1,500,000
Lower Merlon Gas Co.— See Merion & Radnor Gas Co. be­ in shares o f $100 each, by cancellation o f all the existing
stock and the issue in its place o f new stock to be known as
low —V . 71, p. 545.
M anufacturers L ig h t & H eat Co., P ittsb u rg h .—Bonds “ general stock ,” as fo llo w s : For each share o f the present
Offered.—The Colonial Trust Co., of Pittsburgh, offers for preferred stock w ith accum ulated dividends, new general
sale $900,000 o f the “ W heeling collateral trust bonds,” being stock o f the par value o f $105, and for each share o f the
6 per cent, tax free, gold bonds.
These bonds are present com m on stock new general stock o f the par value o f
dated Feb, 2, 1903, denomination $1,000. interest payable $15. A ll shares o f said new general stock not disposed o f in
semi-annually Feb. 2 and A ug 2, at the office o f the Colonial manner aforesaid shall be retained by the com pany fo r future
Trust C o., trustee. The authorized issue is $2,500,000; issued sale, for the purposes o f the corporation, at such times as the
$1,857,000; reserved for betterments, $500,000. The bonds for directors may decide. C. M. W arner is President. N ew Jer­
sale are series 5 to 10, each $150,000, due respectively on Feb. sey office, 143 W ashington St., Jersey City. See V. 69, p.
1 of each year from 1908 to 1913, but subject to call, viz.: 1065, 796.
series 5, 6 and 7 at 103 and interest and series 8, 9 and 10 at
Pasadena (Cal,) Consolidated Gas Co.— Refunding. — The
104 and interest; selling price for series 5, 6 and 7, is 102 and company has decided to retire all its outstanding bonds
interest; for series 8, 9 and 10, 103 and interest. The issue is ($210,000 6 per ceDts), and to issue new bonds to the amount
secured by the deposit of the capital stock o f the W heeling of $250,000, bearing 5 per cent interest.—V . 75, p. 506.
Natural Gas Co. of W est V irginia (the only lien on the
Paterson & P assaic Gas & E lectric Co.— Change in
property) viz : par value $1,500,000; market value stated as
§4,470,000; “ actual cash investment in plant, $4,954,502,” The Rental.—See P ublic Service Corporation under “ Railroads”
earnings o f the W heeling com pany fo r the fiscal year ending above.—V. 76, p. 1146, 869.
March 31, 1903, were, it is stated, gross, $1,447,581; net,
Peninsular (B e e t) Sugar Refining Co.—Change in Control.
$503,344.
—The “ Detroit Tribune” announces the purchase by the
Listed in Pittsburgh.— The com pany’s n ew stock has been Am erican Sugar Refining Co., which already owned a third
listed on the Pittsburgh Stock Exchange. The am ount o f interest in this stock, o f the control o f the company through
capital paid in is $21,500,000, in shares o f $50 each. The the purchase o f the shares held by W illiam C. M cM illan and
com pany has a funded debt o f $3,265,000 (com pare V. 76, p. Truman H. Newberry. The com pany, it is said, has out­
922,) and a floating debt o f $4,907,302; o f the latter $3,750,000 standing $200,000 of 5 p. c. bonds secured by a first mortgage
was incurred in the purchase o f the F ort Pitt Gas stock. The to the Union Trust Co. o f D etroit, as trustee. The author­
com pany is about to issue $6,500,000 bonds, all o f w hich have ized capital stock was increased from $750,000 to $1,000,000
been underwritten, for the purpose o f extinguishing the in Sept, last (see V . 75, p. 544). The purchase o f the Bay
floating debt and providing for a trunk line to W est Vir­ City Sugar Co. was referred to last week on page 794,—V, 75,
ginia. The gross earnings for the quarter ended March 31, p. 506.
1903, were $1,354,589 and the net $979,337. It is stated that
Pittsburgh & Allegheny Telephone Co.— Change in Con­
it w ill be the policy o f the com pany to continue the payment
trol.—A Pittsburgh syndicate, represented by R obert C.
o f quarterly dividends of 1 % per cent.
Hall, the Pittsburgh broker, has purchased the control of
The Pittsburgh “ D ispatch” says :
T h e n e w sto ck issu e o l $ 3 ,5 0 0 ,0 0 0 . m ak in g the to ta l $ 2 5 ,0 0 0 ,0 0 0 to this company, having acquired, it is said, nearly all the out­
b e au th orized b y th e sh arehold ers at th e m eetin g to b e h eld J u n e 23, standing stock ($4,000,000. half preferred). There are also
is to held in re se rv e fo r th e p u rch a se o f oth er co m p a n ie s o r o th erw ise $1,500,000 o f bonds. Mr. H all is quoted as saying:
stren g th en in g the p o sitio n o f M a n u fa ctu re rs’ L ig h t & H e a t interests.
The new control means an aggressive policy. The business now to
F or som e tim e the n ew sto ck w ill rem a in In the trea su ry . A t th e sam e
tim e th e sh areh old ers w ill v o te the b on d Issue fo r th e p urohase o f the be done here is greater than both companies can handle. The Pitts­
F o r t P itt G as Co. O f the
bo n d s to be issued,
g o burgh & Allegheny, under Its old management, did not have the
fo r the F o r t P itt p u roh ase an d the b a la n ce w ill b e fo r e x te n sio n s o f money for extensions. From now on therp will he no let-np in carry­
th e c o m p a n y ’ s e q u ip m e n t an d p ro p e r tie s, o n e ele m e n t b e in g a n ew ing on the new enterprises. The McKeesport work will be taken np at
p ip e lin e to W est V irgin ia. A t the tim e th at the M a n u fa ctu re rs’ L igh t once. It needs but 60 miles of new construction to oonneot at Johns­
& H ea t Co. b o u g h t the F o rt P itt G as C o., it w a s n o t g e n e ra lly u n d e r ­ town with independent lines reaching Baltimore and Philadelphia.
sto o d th at th e la tte r c o m p a n y w as sellin g the sto ck o f the S e w lc k le y On the north only 40 miles of new lines are needed to reach Buffalo.
E le c tr lo C o., th e O sb orn e E le c tr ic Co. an d the E d g e w o rth E le c tr ic C o., These connections are to be made soon. The oontrol Is entirely in
alth ou gh th ese p ro p e rtie s w e re in clu d e d in the sch ed u le o n w h ich the Pittsburgh.
tra n sa c tio n w as b a se d .—T . 7 6 , p . 9 7 6 , 922.
The follow in g companies, it appears, were merged in con­
Merlon & Radnor Gas & E lectric Co.— C onsolidation.— nection with the recent increase in the authorized issue of
This com pany was form ed in Pennsylvania on June 3 w ith capital stock to $5,000,000, viz.: Pittsburgh & Allegheny Co.,
$1,000,000 authorized capital stock in the interest o f the W est Penn Long Distance Telephone Co., Hom estead Tele­
phone Co., Hom e Telephone & E lectric Co. and Allegheny
United Gas Improvem ent Co. by merger o f the follow in g :
L o w e r M erlon G as Co. (V . 7 1 . p . 54 5 ), H a v e r fo r d E le c tr ic L ig h t County Telephone Co.—V . 76, p. 1196,

$ ,5 0 0
6 0 ,0 0

$ ,7 0 0
3 5 ,0 0

C o.. W a y n e E le o trlc L igh t Co , P e o p le ’ s G as Co. o f D ela w a re C ou n ty,
R a d n o r T ow nsh ip L igh t Oo., R a d n o r T o w n sh ip H e a t C o., E a sttow n
T ow n sh ip L ig h t 0 6 ., E a stto w n T o w n sh ip H e a t C o m p a n y , and
U p p er M erion, H a v e r fo r d T o w n sh ip , N e w to n T o w n sh ip . R a d n or
T ow n sh ip , E a stto w n T o w n sh ip , T re d y ffrin T ow n sh ip an d W illistow n
T ow n sh ip e le o trlc lig h t co m p a n ie s.

The President is Samuel T. Bodine, General Manager o f
the United Gas Im provem ent Co.
Milwaukee & Chicago Breweries.—Plan C arried.—The
shareholders in London on M ay 25 adopted the plan fnr the
reduction of the capital stock from £1,550,000 to £852,500.
Compare V. 76, p. 1033.
N ation al A sph alt Co.— New Securities.— See General A s ­
phalt Co. above.
Unascentvng Certificates.—The collateral gold certificates
o f the Asphalt Co. o f Am erica w hich have not been deposited
w ith the receiver are being paid off from the proceeds o f the
foreclosure sale at the office o f the Land Title & Trust Co. o f
Philadelphia at the rate o f $104 63 fo r each $1,000 certificates.
—V. 76, p. 1146, 1088.

National Cash Register Co.—N egotiations.— O. H. P, Bel
m ont o f New Y ork, representing a syndicate, is understood
to have made a proposition fo r the purchase o f the control of
this com pany, with a view to form in g a consolidation o f
oash-register com panies.—V . 76, p. 597.

R iver <e Rail Term inal Co., Pittsburgh, Pa.— New E nter­
t
p rise.— Negotiations, it is announced, were concluded on May
16 for the purchase from the A m erican Steel & W ire Co. of
the Oliver Roberts wire and nail m ill at Pittsburgh, for
$750,000. The site has a frontage o f 400 feet on the Monongahela R iver and contains about fou r acres, on which there
w ili be erected, at a cost o f about $2,000,000, a number
o f six-story warehouses resembling the Cnpple’s warehouses
in St. Louis. The property w ill be in direct connection with
the W abash, Pennsylvania and Pittsburgh & Lake Erie rail­
roads, as well as w ith the river. The officers are:
James I. Buchanan of the Vandergrlft Interests. President; Captain
James A. Henderson, Vice-Pres.; and G. W. C. Johnston, Treasurer.
The com pany was incorporated in Pennsylvania with
$1,000,000 o f authorized, capital stock, all o f one class; par
value o f shares $100. The stock is all outstanding and is full
paid. The property above described has been acquired w ith ­
out encum brance and the remainder o f the capital is in actual
cash. The com pany has not decided yet whether to issue
stock or bonds for further requirements.

St.. Louis Car T o.— Bonds Offered.—Baker & Crabtree, of
St. Louis, M o., offer the unsold portion o f this com pan y’s
$1,000,000 issue o f the 8 p. c. first m ortgage gold bonds, due
May 21, 1923, but subject to call at any time after 5 years at
105. Interest coupons payable in May and Novem ber at the
New York & Boston Dyewood Co.— Called Bonds.— Twenty- Missouri Trust Co. o f St. Louis, Mo. The resources o f the
five drawn bonds will be paid at 105 at the office o f the company amount, it is said, to over $3,000,000, consisting of
trustee, the W ashington Trust Co. o f this city, on July 1, real estate, buildings, m achinery, material and railroad lines,
1903. The com pany is a New Y ork corporation. Capital situated 8000 North Broadway, St. Louis, Mo. The com ­
stock, $1,200,000. President, Joseph C. Baldwin. —V . 72, pany builds electric street cars exclusively, and its present
p. 1139.
oapacity is 2,400 cars, or about $4,000,000 yearly. This out­
New York & Queens Electric Light & Power Co.— Consol­ put is to be increased to 3,000 cars annually, or an aggregate
idation.—A certificate o f merger o f the Long Island Illu­ o f $5,000,000 per year, on which it is estimated there should
minating Co. w ith this com pany was filed at A lbany on May be a net profit o f about $600,COO.—V. 76, p. 1147, 870.
29. (A pplication to New Y o rk Stock Exchange in May, 1901,
Saratoga (N. Y .) D evelopm ent Co.—M ortgage.—The share­
was in V. 72, p. 1 0 3 9 .)-V . 75, p. 1305.
holders have approved the making o f a m ortgage to the
North American Fisheries Co.—R eceiver.—Judge Han­ K nickerbocker Trust Co., as trustee, to secure an issue o f
ford, in the United States Circuit Court at Seattle May 22, $1,500,000 o f $1,000 bonds, the proceeds to be applied to the
placed this company in the hands o f Thomas Gorm an as r e ­ erection o f a seven-story hotel on the Clarendon hotel site,
ceiver. The com pany’s embarrassment, it is claim ed, is only Saratoga Springs.

J ONE 6, 1903,]

THE CHRONICLE.

Springfield (O h io) L ig h t & Pow er Co.— Called B ond s.—
Bonds o f Jan. 1, 1892, num bered 38, 41, 98 and 108, have been
drawn for pavm ent at 108 and interest at the Massachusetts
Trust Co. of Boston on Ju ly 1. See page 65 o f S t r e e t R a i l ­
w a y S u p p l e m e n t , the $200,000 stock being all ow ned by the
A m erican R ailw ays C o.— V. 74, p. 1143.
Standard Ice Co.—In corp ora ted .—This com pany was in ­
corporated in Maine on Thursday with $10,000,000 o f author­
ized capital stock, o f w hich $2,000,000 is 7 per cen t preferred
stock, as a com p etitor o f the A m erican Ice Co. in N ew Y ork
and other cities. Interests affiliated w ith the Corporation
Trust Co. o f Jersey City are said to be behind the new
concern.
Snbnrban Gas Company o f P h iladelp hia.— Consolidation.
—This fom p a n v has absorbed by m erger and con solidation
the Chester Gas, F uel & P ow er Co. The capital sto ck re­
mains at $1,500,000. A s to bonds see V . 75, p. 920.
Union Natural Gas Corporation, P ittsb u rg .—New Stock.
—The shareholders voted on June 1 to increase the capital
stock from $8,000,000 to $9,000,000, the new stock bein g al­
lotted to stockholders p ro rata at par, $100 per share, pay­
able in instalm ents June 15, Ju ly 15 and Sept. 15. On each
of these dates certificates for fu ll-p a id stock equal to onethird of the subscription w ill be issued.
F irst Dividend.— T he directors have declared a quarterly
dividend o f 2 p. c., payable Oct. 15 to stock o f record O ct. 1.
A cquisition — A con trollin g interest in the $600,000 stock
of the C itizens’ Gas & E lectric Co. o f Lorain and E lyria, O.
(see V. 76, p. 656), has been purchased by or in the interest
of the corporation. In January last the C lyde (O .) Gas Co.
was acqu ired .— V . 75, p. 1158.
United Cigar Stores Co.— D irectors.—The directors are:
G e o r g e J . W h ela n , J o h n F. W h e la n . C hrrlea A . W h e la n , L o n le B ie l,
H e r b e r t S. C o llin s, E llio tt A v e re tt an d E d w a r d W ise.—V . 75 , p. 1258.

U n ited Gas Im p rov em en t Co.— See M erion & R a d n or Gas
& E lectric Co. above,— V. 76, p. 1147, 1038.
U n ited States C otton D uck C o r p o r a tio n .— R eadjustm ent.
—The shareholders w ill vote June 12 on a proposition to class­
ify Ihe authorized capital stock (now $15,000,000 each o f c o m ­
m on and preferred) as follow s: First preferred stock, $7,500,000; second preferred stock, $12,500,000, and com m on stock,
$10,000,000. There is at present outstanding $10 000 000
com m on stock and $2,750,000 preferred stock ; also $3,000,000
first m ortgage bonds and $6,000,000 in com e bonds o f the Mt.
V ernon Com pany. Com pare V . 76, p. 1089, 1038.
U nited States Leather Co.— P lan .—T h e Central P enn syl­
vania L um ber Co. was organized in Pennsylvania on June 1
w ith $20,000,000 authorized capital stock as proposed b y the
plan w h ich was cited quite fu lly in this colu m n last w eek.
See also advertisem ent on another page o f to-d a y ’s C h r o n i c l e ,
—V . 76, p. 1196, 483.
U nited States S h ipbuilding Co.— O pposition .— Gustave
L oeb has issued a circu lar addressed to holders o f the thirtyyear first m ortgage sinking fu n d g old bonds o f the com pany
a s k iD g them not to approve the plan, w h ich was described
last w eek.— See Y . 76, p. 1197.
United States Steel C orporation. — B onds Called.— One
hundred ($100,000) bonds o f the H C. F rick Coke Co, have
been called fo r paym ent at 105 and interest on J u ly 1 at the
F idelity T itle & Trust C o., Trustee, P ittsburg, P a .— V . 76,
p. 1200, 1147.
W estern U nion Telegraph Co.— Effect o f P ennsylvanai
A ction .— The “ W a ll Street Jou rnal” has the fo llo w in g “ from
W estern U nion sources
U p to d a te t h e P e n n s y lv a n ia R R . C o. h a s o u t d o w n 6 8 0 m ile s o f
p o le s an d 9 .8 1 3 m ile s o f ir o n w ir e in P e n n s y lv a n ia , an d 24 5 m ile s o f
Doles an d 40 3 m ile s o f ir o n w ir e in N ew J e r se y . A ll th is p r o p e r t y d e ­
s tro y e d w a s a lo n g ih e P e n n s y lv a n ia E R . s y ste m in th e S ta te o f P e n n ­
s y lv a n ia and the W e st J e r s e y & S e a sh o re R R . In N e w J e rse y . I n n o
o th e r S ta tes w a s a n y c o n s id e r a b le a m o u n t o f p o le s an d w ir e s ou t
d ow n . T h e W e ste rn U n ion v a lu e s th e p r o p e r ty d e s tr o y e d a t $ 1 ,0 0 0 ,OOO. T he c a sh v a lu e o f th is p r o p e r ty Is c o n s e r v a t iv e ly e stim a te d at
$ 8 5 0 ,0 0 0 .
S hou ld th e U n ite d S ta tes 8 n p re m e C o u rt su sta in th e a p p e a l o f th e
W estern U nion fr o m th e U n ite d S ta tes C iro u lt C ou rt, th e jW e s te m
U n ion w ill im m e d ia te ly b r in g su it a g a in s t th e P e n n s y lv a n ia f o r this
p ro p e r ty d e s tr o y e d an d th e d a m a g e s r e s u lt in g t h e r e fr o m . O n th e
o th e r h a n d sh o u ld th e a p p e a l o f th e W e ste rn U n ion ha d ism issed b y
th e U n ited S tates S u p re m e C ou rt, th e P e n n s y lv a n ia w ill su e th e W est
ern U n ion fo r th e e x p e n s e s o f c u t tin g d o w n an d r e m o v in g th is p r o p ­
e r ty fr o m la n d b e lo n g in g t o th e P e n n s y lv a n ia R R .
F o r th e y e a r e n d in g J u n e 3 0 ,1 9 0 2 , th e W estern U n io n had 1 9 6 .1 1 5
miles o f p o le s an d 1 ,0 2 9 ,9 8 4 m ile s o f w ire s in o p e ra tio n . T h e to ta l
amount o f p r o p e r ty d e s tr o y e d is le ss th a n o n e h a lf o f 1 p. o o f th o
total m ile a g e o f p o le s an d less th a n 1 p. c . o f th e t o ta l m ile a g e o f
wires. T h e W estern U n io n is still o p e r a tin g its sy ste m in th e S ta te o f
P e n n s y lv a n ia a lo n g the h ig h w a y an d o n p r iv a t e r ig h ts o f w a y . O f
course it d o e s n o b u sin e ss a t th e sta tio n s o f th e P e n n s y lv a n ia R R .
Apart fr o m th a t, it is still o p e ra tin g th r o u g h o u t th e e n tir e 8 ta te . T h e
loss o f re v e n u e w ill b e sm a ll an d w ill n o t in a n y w a y a fle ct th e d iv i­
dend rare fo r 1903.
T h e offioia ls h a d fo r e s e e n th e a c tio n o f th e P e n n s y lv a n ia in te re sts
lo r o v e r e ig h te e n m o n th s, w h e n it b e g a n t o d u p lic a te th e ir sy stem
w h e re It p a ra lle le d th e P e n n s y lv a n ia R R ,, a n d h e n o e th e y w e r e n o t
c a u g h t u n a w a re s.—V . 7 6 , p . 1 2 0 0 ,1 1 4 ,7 .

— The sum m ary o f South Dakota incorporations fo r the
m onth o f M ay, as reported by the National Corporation C h a r­
ter & Service Co. o f Pierre, South Dakota, sh o w s: 40 m ining
and mineral com panies, capital, $51,585,000; 21 oil and gas,
capital, $117,385,000; 15 banking and trust, capital, $26,600,000; 55 m anufacturing and other dom estic, capital, $35,441,000; 7 transportation, capital, $29,715,000; total capital,
$160,726,000.
’
;—Business cards o f the principal firms dealing in cotton
w ill be found on pages xviii, x ix and x x o f this issue.

1253

3£kc Ccumurraal 'Times.
COMMERCIAL

EPITOME.

F riday N ight , June 5, 1903.

The volum e o f new business transacted in m ost lines o f
m erchandise has been rather m oderate. A tendency to hold
back and aw ait developm ents has appeared to be g en era l;
consequently trading has assumed a largely hand-to-m outh
oharacter. Slight friction has been reported between an­
thracite coal m iners and operators. Crop conditions in special
districts are less prom ising. The excessive rainfall and
floods in the Southw est have som ew hat im paired the w interwheat crop in that section, and in the N orthern A tlan tic
and N ew E ngland States rains are badly needed to save the
crops and also to extinguish forest fires.

Btocki of Merchandise.

June 1,
1903.

May 1,

June 1,

Lard...................................... toe.
Tobacco, domeeUc ........... hhds
Coffee, Rio......................... bags.
Ootfee, other.......................bags.
Ooffee, Java, & o ...............mate.
Sugar..................
hhde.
Sugar...........................baga, &o.
Molaeeee, foreign............. hhde
a Idea.....................................No
Cotton........ .................... bales.
R o s in .......................b b ls .
Spirits turpentine.............. bbla.
tar...................................... bbls
Bice, E. I ........................... bags
Rice, domestic.................. bbls.
Linseed.... ........................bags.
Saltpetre...........................bags
Manila hemp_ . . . . . ___ bales.
_
Sisal hemp........................bales.
Jute butts......................... bales.
Flour........... . . . . bbls. and eaeks

8,337
11,000
2,066,572
207,354
124,778
7,865
487,864
None.
20,400
173,933
10,819
766
2,472
3,200
18,500
None.
1,430
3,800
4,615
None.
57,400

5,052
12,083
. 2,029,432
175,202
120,467
466
337,533
None.
14,900
82,882
22,199
347
2,284
2,000
19,000
None.
247
1,800
410
None.
77,200

8,655
10,336
1,852,657
201,959
99,019
189
257,947
None.
19,600
182,424
25,691
1,043
2,343
9,800
7,400
None.
1,400
16,490
831
None.
82,900

1903.

1902.

L ard on the spot has continued to m eet w ith on ly a lim ited
sale, buyers generally being reported as hesitating. Packers,
how ever, have not fo rce d sales and prices have held abou t
steady, closin g at 9'25c. fo r prim e W estern and 8@8 50c. fo r
prim e City. Refined lard has had a fa ir call in the w ay o f
withdraw als on con tracts, but new business has been quiet,
closing at 9-35c. fo r refined fo r the Continent. S peculation
in lard fo r fu tu re d elivery has been quiet, but prices have
held fairly steady, in sym pathy w ith the firm er m arket fo r
corn. The close w as steadier.
D A I L Y O SIN G P E IO B S O P L A R D IftJTirBiSB IN C H IC A G O .
LO

Sat.

Mow.

j m &s.
T

Wed

Thurt.

Jfr-i.

July del’y..............
8-90
8'82ki 8-80
8-85
September del’y...
Holidays.
8.95
q -87^
8-87ki 8-92J*
Business in the local m arket fo r pork has been lim ited to
jo b b in g sales; prices unchanged at $18 25@18 75 fo r mess.
C ut meats have been qu iet. T a llow has been in lim ited d e­
m and aDd steady at 5c. Cotton-seed o il has advanced, clo s­
in g at 41@413^e. fo r prim e yellow . B utter has been in fairly
active dem and and firm er fo r ch oice grades o f cream ery.
Cheese has had a fair sale at steady prices. Fresh eggs in
lim ited supply fo r ch oice grades and prices firm ly m ain­
tained.
Brazil grades o f coffee have been quiet. The w o rld ’s stocks
decreased m aterially during M ay, but it failed to influence
the m arket, supplies in sight still being excessive. The close
was flat at 5 ^ e . fo r R io N o, 7 and 5 ^ @ 6 c . fo r Santos No. 4.
Offerings o f W est India grow ths have continued fa irly free
and prioes have weakened to 8}£ @ 8% c , fo r g o o d Cucuta.
East India grow ths have been qniet. Speculation in the
market fo r contracts has continued to drag, and only slight
changes have occu rred in prices. The close was easier, re ­
flecting weaker advices from Brazil, F o llo w in g are the
closing asked prices:
J u ly ........___ 3-75e. i Oct................
4-OOe. Jan.................. 4-45o.
4‘10e. M aroh............ 460c.
August........... 3-85C. |N o v ...___ _
Sept,. . . . . . . . . . . 3'95o, I Dec .. .. .. .. .. ... 4'40o. M ay................ 4-70e.
R a w sugars have been in fu ll supply and prices have w eak ­
ened slightly, closin g at 3 19 32c. fo r cen trifugals, 96-deg.
test, and 3% o for m uscovado, 89-deg. test. Refined sugar has
been iu sligntlv better dem and and steady at 4'85@5c. for
granulated. Pepper has been m ore active and firmer.
K en tu ck y to b a cco has been firm er, sellers holding fo r
higher prices, w hich has ch eck ed trading. Seed leaf tobacco
has had on ly a sm all sale, m ost o f the transactions reported
being o f a hand-to-m outh ch aracter; prices have been un­
changed and steady. Foreign grades o f to b a cco have been
in fair dem and and steady.
A steadier market has been experienced fo r Straits tin, re­
flecting stronger foreign advices and buying b y bear o p e r­
ators to cover short sales. P rices quoted at the close were
easier at 28,30@28,50o. In got copper has been dull and easy.
Nom inal quotations fo r Lake are l4'75@15c. Lead has been
quiet and easy, closing at 4 ,87>£c. Spelter has been firm at
5‘75e. New business in the market fo r pig iron has been
quiet and the tone easy; close at $20@21 for N o, 1 N orthern.
Refined petroleum has been steady, closin g at 8-55c. in
bbls., 10‘50c. in oases and 5'65c. in bulk. N aphtha has been
unchanged at 12‘40e.
Credit balances have been easier,
closing at $1 50. Spirits turpentine declined, but rallied and
closed steady at 49J^@50c. Rosin has been in m oderate d e­
mand andlsteady at $2 05@2 10 fo r com m on and good strained.
W ool has been m oderately active and firm. H ops have been
quiet but steady.

THE CHRONICLE.

1254:

C O T T O N .
F r id a y N ig h t , June 5, 1903.
T s a M o v e m e n t o f t h e Ob o p , as in d ic a t e d by o u r telegram *
f r o m th e S ou th t o -n ig h t , is g iv e n b e lo w , F o r the w eek ending
this ev en in g th e t o t a l r e c e ip ts h ave rea ch ed 24,291 bales,
against 23,091 b a les la st w eek an d 47,955 b a le s th e previou*
w eek, m ak in g th e to ta l re ce ip ts s in c e th e 1st o f Sept., 1902,
7,532,336 b a les, a g a in s t 7,298,411 bales fo r th e sam e period of
1801-2, sh o w in g an in crea se s in ce Sep, 1,1902, o f 283,925 bales.
Stseeipts at—

©alvsstan,.,..
Bab. Pft.gr,, & o
<
Hew Orleans.
M obile...™ ^.
Pensacola, &c
Savannah.....
Brunsw’k.&c
Charleston..,.
PE. Soyai.&c
WUmSvgliftn...
Wach’ton,&c
Norfolk
H’p’ t News, *0
Hew Y ork ....
Boston..
B a ltim ore....
PhiladePa,

Mom.

Sat.

902
3,706
S,774
1

Sues.

436

Wsd.

713

821
2

1,114

Shurs.

316

Sri.

241 2,709
102 3,808
1,774 14,072
16
156

101

3,431
110

8,158
27

152

total

392

......

2S0

16

......

......

......

202

......

......

38

......

100
54

5

890
54
245

[V o l.

LXXVI.

In a d d itio n to a b o v e e x p o r t s ,o u r teleg ra m * to -n ig h t also
give us th e fo llo w in g a m o u n ts o f o o tto n on sh ip b oa rd , not
Bleared, at th e p o rts n a m ed . W e a d d sim ilar figure® for
Hew Y o r k , w h ich a re p rep a red fo r o u r speoial use by Messrs.
L am bert & B a r r o w s .P r o d u c e E x c h a n g e B u ild in g ,
ON SHUPBOASD, NOT 0LBAKED FOK—
June 5 at—

heaving
t took.

Great
6 er - Other OoasiBritain Pr’nte many. For’gn wife. Total.

New Orleans.
Galveston.. ..
Savannah....
Charleston...
M obile........
Norfolk.......
Hew Y ork ....
other ports.

2,483 2,085

627 6,105
2,282
510

__

......

200 . . . . . .

11,810
3,684
200

892
200

___

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

Total 1903..

100
300
2,000 2,000
700
1,200
1,300
800 ........ . . . . . .
3,693 2,085 3,709 7,315 3,192 19,991

Total 1902..
Total 1901..

3,643 7,508 14,529 24,561 5,487 55,728
8,386 8,677 28,510 13,481 17,430 76,484

„ __

500
500

......

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

59,826
9.446
9,592
420
1,603
939
171,937
12,147
265,010
848,668
377,785

Speculation in cotton fo r fu tu re delivery has been on a
SO m oderate scale only and no decided changes have occurred
u
.ooa.
......
in prices. E arly in the w eek trading was kept in ch eck by
749 operators holdin g off fo r the report o f the A gricu ltu ra l
102
108
5
133
260
141
76
76 Bureau, w h ich was issued shortly after the opening o f busi­
......
••a... ...... ......
.........
........
800 ness on Thursday. It was generally expected that a low con ­
60
200
40
......
......
31
163 dition w ou ld be reported, but the figure m entioned, 74*1,
......
38
87
......
7
, ams, aa
728 was poorer than anticipated. D espite the fa ct that the Bureau
728
...... ...... ......
......
251 report was b elow expectations, the effect was not im portant—
230
21
beyond a slight upw ard flurry to values im m ediately subse­
3,952 3,292 24,291 quent to th e receipt o f the report it failed to influence the
Sot. this weal 8,820 1,473 2,371 4,383
T he fo llo w in g shows the w eek’s total receipts, the total since m arket. It was the opinion o f close observers that the
Sept. 1,1902, and the stocks to-n ig h t, com pared w ith last year, market had been over-bou gh t in anticipation o f a poor sh ow ­
ing by the G overnm ent report, and the free selling that de­
Stock .
1902-OS.
1901-02.
veloped during Thursday was evidently fo r the accou nt o f
Receipts to
recent buyers to realize profits. A nother fa ctor that had a
f hit Sines Sep. This Sines Bsp.
1908.
June 5,
1902.
tendency to tem per the b u rea u report som ew hat was the
teeth. 1 , 1S02. week. 1, 1901.
m ore favorable weather conditions experienced latterly in
©alvestion,.. 2,709 2,082,728
13,130
3,463 2,020,237
34,676 the cotton belt. To-day the m arket was quiet and slightly
Sftb. P.,&c, 3,808 153,163
87,168
easier, The C h ro n ic le ’ s report on th e ' acreage, w hich
71,136 132,230 show ed a larger increase in acreage than the G overnm ent’s
New Orleans 14,072 2,244,142 9,081 2,203,309
1,903
16 151.676
M obile. . . . . .
156 210,158
9,024 figures, had a bearish influence. The close was quiet but
155,113
P’sacola, &e.
1,350 217,933
steady at a net loss in price fo r the day o f 5@11 points.
9,792
Savanna^...
890 1,289,184 3,333 1,105,630
12,784 C otton on the spot has been quiet and easier, closin g at 11*50c.
205
54 130,604
Bsf’wiek, &e*.
134,267
for m iddling uplands.
420
245 209,502
Charleston..
1,713
10 262,799
The rates on an d off m id d lin g , as established N o v . SO, 1902,
337
P.Koyal.&o
1,565
by the R evision C om m ittee, a t w h io h g ra d es o th e r than
417
Wilmington.
90 329,353
497 275,669
6,587 m iddlin g m a y b e d e liv e r e d o n c o n t r a c t , are as fo llo w s ,
387
382
Wash's, &c.
Fair____ _________ c. 1*30 on
Good Middling Tinged ..c. Even
2,939
782 445,463
749 503,466
N orfolk .....
21,139 Middling Fair................ .. 0 96 on Strict Good Mid. Tinged.. 0 80 on
Good Middling.____
off
22,611
40
73
35,313
144 Strict M iddling...... . . . . . . . 0*62 on Strict Middling Tinged.... 0-06 off
76
H’ port £?.,&©
Good
0-44 on Middling T inged,..... . . . . . 0T8
34,759
300
197 110,338 173,137 167,629 Strict Low Middling........0'14 oft Strict Low Mid. Tinged... 0 34 off
Hew York...
0-38 off Middling Stained............ 0*50 off
10,000
97,084
13,000 Low Middling............
163
928 118,701
B oston ......
Good Ordinary. . . 0-72 off
106 off
43,752
95,600
1,399
3,586 Strict Ordinary.... . . . . .... . . 1-00 off Strict Low Mid. Stained... 1-50 off
728
1,324
Baltimore. .
Good
Low Middling Stained.....
25,993
32,261
1,386
1,904
251
824
Phlladal.&s.
On th is basis th e o fficia l p rice s fo r a fe w o f th e grad es for
Totals...... 24,291 7,532,336 21,433 7,298,411 285,904 401,396 she p ast w e e k — M ay 30 to June 5—w o u ld be as fo llo w s ,
1

6

81

2

In o rd e r th a t com p a rison m a y be m a d e w ith o th e r years,
w e g iv e b e lo w th e to ta ls a t le a d in g p o r ts fo r s i s seasons,
Receipt* at—
&alv8s’m,&e.
New Orleans
Mobil®.........
Savannah...
Oh&a’ton, &cWilm’ton, &o
Norfolk. . . . .
H, News, &a.
Ail others...

1902.

1903.
6,517
14,072
156
890
245
90
749
76
1,496

3,463
9,081
16
3,383
10
497
782
73
4,128

1901.
22,330
12,358
80
4,752
407
97
3,711
7,702

1900,

1899

1,004
6,674
369
918
18
6
2,485
571
4,288

4,253
10,837
144
3935
2,686
22
9,664
784
15,936

1898
2,469
10,560
103
8,096
405
101
4,638
208
9,523

UPLANDS.

Sat. M o n T u e s W e d T li. F r i„

#ood Ordinary.
W
Low Middling..—
______ .. . ©
^Iddlin^.c a aoaea mmo^o »coG2ecesns.
S
P
Stood Middling._ _
_
Middling Fair_ _ .. .. . .. . . . . *<
_ _
GULP.
Sat.
H
©
Pi
8
?

10*50
11*12
1150
11*94
12*46

10-50
11*12
11*50
11*94
12 46

10*50
11*12
11 50
11*94
12-46

10 50
11*12
11 50
11*94
12-46

10 50
11*12
11*50
11*94
12*46

M o n T n e s W e d X h . F r i.
10-75
) 1-37
11-75
l a ‘19
12*71

Middling________
_
Middling...„ Z
............
stood Middling...— * . . . . . . . . . .
giddling P a ir ......................Sat. M o n
STAINED.

10*75
11*37
11-75
1219
12-71

10 75
11*37
1 75
1
12*19
12*71

1075
11-37
11-75
1219
12*71

10 75
11*37
11*75
la-19
12-71

T n es W e d T it. F r i.

1000 10 00 10*00 10 00 10 00
Holl- 1100 11*00 11 00 11*00 11 00
day. 11*16 11*16 11-16 11*16 11*16
Since sept. 1 7532,336 7298.411 7162,560 6368,833 8242,448 8505,406 Itrlet Low Middling Tinged...
11*50 11*50 11 50 11*50 11*50
wood Middling T in ged.....—
T he exports for the w eek ending this evening reach a total
The q u ota tion s fo r m id d lin g upland at N ew Y o rk on
o f 52,664 bales, o f w hich 9,770 were to G reat B ritain, 222
to France agid 42,672 to the rest o f the C ontinent. B elow June 5 fo r e a ch o f th e past 82 years h ave been as fo llo w s.
..0.13
. . C . 1 1 7 l e1879..
1903. ...0.11*50 18 95 .. ..0 . 734 1 8 8 7 . .
are the exports fo r the w eek and since Sept. 1, 1902.
1878.. ....119g
1894.. . . . . 73s 1 8 8 6 . . . . . . 934
1902. . . . . . 9*4
1
. . . . 1 0 5 1 1877..
....1 1 916
Week Ending June 5 1903.
1893.. . . . . 7l3ie 8 8 5 . .
F r o m Sept. 1, 1902, to T n e 6, 1908.
1901. . . . . . 8H
....1 2
Exported to—
Exported to—
1
. . . . 1 1 9 1 e 1876..
1892.. ...<[ 7isi6 8 8 4 . .
1900. . . . . . 8^8
MtavvrU
....1 6
1 8 8 3 ..
. . . . 1 0 * 8 1875..
1899. . . . . . 6^4
G reet
V end- Sets'* Great
from—
C e n tf1
tren n
1874.. ....18*8
1890..
.™12B16 8 8 2 ............1 23 a
fr a n c .
Set&i
1898. . . . . . 6i«
B rit’n.
R e n t. W «ih. B r i t a i n .
m n t.
1873. ....A 9 i*
1897. . . . . . 71118 1889.. ....1131.1 881 .. ....1 H 16
....27%
. . . . 1 1 7s 1872..
1888.. ™»10 1 8 8 0 . .
1893. ..... 7%
2,145
14,203 16.348 684,960 322,786 615,979 1.833,725
G a l v e s t o n ........
356
3,706
37,108
S a b . P a s s . A c ..
3,350
76,638
MASSET AND SALES,
113,796
9,937 921,093 331,620
9,937
754,576 2,007,280
N e w O r le a n s ..
T h e t o t a ls a le s o f c o tt o n on th e s p o t e a c h d a y d u rin g the
......
48,897
55,476
M o b i l e ...............
101,373
v e e k are in d ic a te d in th e f o l lo w in g s ta te m e n t.
F or the
68,714 12,438
......
62,661
P e n s a c o l a ........
144,013
con ven ien ce o f th e rea d er w e a ls o a d d c o lu m n s w h ioh show
7,184
195,941 50,564
......
7,184
S a v a n n a h -... .
749,402
905,907
»t a gian oe h ow th e m a r k e t f o r s p o ts a n d futures c lo s e d on
1C6.719
......
0,860
B r u n s w i c k ___
113,579
15,560
104,083
88,523
...... ......
C h a r l e s t o n . ...
sam e days.
ffot.thls wk.

24,291

21,433

51,438

16,328

48,311

31,103

low Middling..-,

,. .. .

.

1891.. .™ 8
. %

P o rt R o y a l....
W i l m i n g t o n ...
N o r f o l k .............
N ’ p o r t N ., A c ..
N e w Y o r k ........
B o s t o n ...............
B a ltim o r e . . . .
P h i l a d e lp h ia ..

San Fran., Ac..
T o t a l ..............
T o t a l 1901-02.,

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

928
1,461
529
766
518
16

......
......
. ....
222
‘

'

......

5,191

5,191

......

923
5,925
476

7,001
599
1,241
518
16

183.702
13,402
11,251
243,071
440,769
71303
89.801
35.177

3,242
13,485
935

15,2 :o
5,000

187,634
14,034
750
193,655
5,167
85,405
2,030
128,853

324,563
40,921
12,966
451 916
145,930
111,773
41,887
164,035

9,770

222

42,672

6,500,707
5 2,694'2,767,4?8 765,820 2,978,0041

4,781

566

27,887

34,73412,972,968 712,995 8,563,2=5 6,249,248

SPOT MABKET
Closed.

ffUTUBEG
MABKET
Closed

8ijj93
Ex­
port.

Total.......

Spot <e Oosteact
f

<7on-

Con­
tract. Sc/t&t.

.. Holi day...

300

Aesday..,. Quiet, 20 pts. do. Steady. . —
Tuesday... Q u ie t.............. B’rly steady.

Wednesday Dull................... Steady ......
Thursday.. Quiet................. Quiet...........
Friday. . . . . Quiet............... Quiet...........

of

—

300

261

"200 " 2 0 6
761
500

261

1,000

1,261

TH E

JUNE 6, 1903.]
F

u t u r e s .—

C H R O N IC LE

H ig h e s t, lo w e s t a n d c lo s in g p r ic e s a t N ew Y o r k .

1255

A t t h e I n t e r i o r T owns the movement—that is the receipts
for the week and since September 1, the shipments for tne
week and the stooks to-night, and the same items for the
corresponding period of 1901-02—is set out in detail below.

. <j
H
Qj
S

A varcoH -

Cw
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©a
*<
11

11

1 1

1«

19

19

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19

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11

19

19
11

19
11
11

11

11

11

19

19

19

11

11

11

||
11
19
11
||

11
19
1I
|1

19

19

11

| |

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m4**©--PC0t0CnGCC0M©M©©*OMV Jj ) to 0
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to-night, as made up b j
The above totals show that the interior stocks have de­
cable and telegraph, is aa follows, Foreign atocka, as wel
as the afloat, are this week’s returns, and consequently all creased during the week 11,953 bales, and are to-night 78,967
foreign figures are brought down to Thursday evening bales less than same period last year. The reoeipts at all the
But to make the total the complete figures for to-nighi towns have been 2,469 bales m ore than same week last year.
(Jane 5), we add the item of exports from the United States.
O t e b l a n d M o v e m e n t f o e t h e W e e k a n d S i n c e S e p t . 1 .—
Including in It the exports of Fidday only,
7e give below a statement showing the overland movement
1908.
1901.
1902.
1900.
cor the week and since Sept, 1, as made up from telegraphic
S io e k a t L i v e r p o o l . ^ ^ . b a i e a . 6 2 2 .0 0 0
7 4 9 ,0 0 0
9 6 5 ,0 0 0
541.OC0
-eports Friday night. The results for the week ending
8sock a t L o n d o n ____ ______ ____ 1 0 0 1 0
5.0 C 0
2,0 0 7 ,0 0 0
10
T o t a l G r e a t B r it a in s t o o k . 6 3 3 OO0 9 7 7 ,0 0 0
7 5 6 ,0 0 0
5 4 9 ,OOt June 5 and since S9pt, 1 in the last two years are as follows,
T he V

is ib l e

«

u pply

of

(J o t t o n

21.0 0
0

■took a t H a m b u r g . . . . . . __ _____
2 l,OOt
2 3 ,0 0 0
1 8 ,0 0 0
■took a t B r e m a n _______ _____ _ 2 6 9 0 0 0
1 5 6 ,0 0 0
1 8 8 ,0 0 0
297.00C
■ took a t A m s t e r d a m . . „ . . . . . .
1.00C
_____
20C
■ took a t R o t t e r d a m . . . . . . . . . . .
S.OOC
■took at A n t w e r p ............... ..
4 ,0 0 0
5. OOC
S took a t H a v r e . . . . ___________ _
1 7 7 ,OOC
1 5 8 .0 0 0
1 6 8 ,0 0 0
1 7 7 .0 0 0
■ took a t M a r s e ille s ___ _
4 ,0 0 0
3.00C
3 .0 0 0
3 000
4 8 .0 0 C
■ took a t B a r o e l o n a ..........
4 9 ,0 0 0
8 2 ,0 0 0
2 7 .0 0 0
5 2 .OOC
S took a t G e n o a . . . . ........ ..
3 4 ,0 0 0
1 7 ,0 0 0
.OOC
1 4 ,0 0 0
■ took a t T r i e s t e . . . . . . . _______
T o t a l C o n tin e n ta l s t o c k s . . 6 3 1 .0 0 0
4 1 7 ,0 0 0
4 6 7 ,2 0 0
606 2 <
T o t a l E u r o p e a n s t o o k s M M l , 1 6 4 .0 0 0 ,
1 ,2 2 3 .2 0 0 1 .1 5 7
C
■
■
1 3 6 ,0 0 0
9 8 ,0 0 0
47.00C
In d ia c o t t o n a flo a t f o r E u r o p e 1 8 3 ,0 0 0
A m er. c o t t o n a f i o a t f o r E ’ r o p e . 1 3 4 .0 0 0
1 3 8 ,0 0 0
1 8 3 .0 0 0
148.00C
14 00 0
5 5 .0 0 0
2 5 ,0 0 0
21.00C
■ g y p t .B r a * il ,A c .,a f lt .f o r E ’ p e
S tock in A le x a n d r ia , E g y p t . . .
5 6 ,0 0 0
1 0 7 ,0 0 0
1 5 5 .0 0 0
114.00C
S tock In B o m b a y , I n d ia ........ ..
7 1 9 .0 0 0
498 000
5 9 0 .0 0 0
316.00C
4 0 4 ,3 9 6
4 5 4 ,2 5 9
232 917
S tock in U n ite d S t a t e s p o r t s . , 2 8 5 .9 0 4
8 0 .8 0 4
1 5 9 ,7 7 1
3 7 0 .1 5 0
1 4 0 ,6 0 3
■ took In U • . in t e r io r t o w n s . .
5 .1 7 0
1 0 ,7 3 7
9 ,9 1 6
7 ,6 0 6
U n ited S ta te s e x p o r t s t o -d a y ..
2 ,6 4 6 ,8 7 8 2 ,9 0 4 ,9 0 4 3 ,1 0 9 ,5 2 5 2 .1 8 4 ,3 2 6
T o ta l v is ib le s u p p l y . .
O f th e a b o v e , t o t a ls o f A m e r ic a n a n d o th e r d e s c r ip t io n s a r e a s f o llo w t :
A m e r ic a n —
Liverpool stock_______ bales. 5 2 2 .0 0 0 8 4 3 .0 0 0 6 1 8 .0 0 0 4 3 5 OOC
4 5 9 .0 0 0
3 6 0 .0 0 0
3 9 3 ,0 0 0
5 7 7 ,OOC
C o n tin e n ta l s t o c k s ___ „.
1 3 8 .0 0 0
1 8 3 ,0 0 0
1 4 3 .0 0 0
A m e rica n a flo a t f o r E u r o p e .. . 1 3 4 .0 0 0
2 8 5 .9 0 4
4 0 1 395
4 5 4 ,2 5 9
232 9 i7
United States stock.__ . . . . . .
8 0 .8 0 4
16 9 .7 7 L 3 7 0 ,1 5 0
1 4 0 ,6 0 3
United 8tatesInterior stocks.
5 .1 7 0
1 0 .7 3 7
9 ,8 1 6
7 606
United States exports to-day.
T o t a l A m e r ic a n .............. ....... 1 ,4 8 6 ,8 7 8 1 ,9 1 5 ,9 0 5 2 ,0 2 8 ,3 2 5 1 ,5 4 1 ,1 2 6

6,000

1 9 0 2 -0 3 .

June 5.

20
0

2 ,0 0
10
1 ,0 0 6,000
20
13
94.000

6

2
0

8

Malt Indian, Brazil, dr..—
Liverpool s to c k ....... . . .
London stock ............... ..........

1 0 0 ,0 0 0
1 2 2 ,0 0 0
1 3 1 ,0 0 0
109.00C
1 1 .0 0 0
1 2 ,0 0 0
7 ,0 0 0
5 .OOC
___________
7 2 .0 0 0
5 7 ,0 0 0
74200
31.20C
C on tin e n ta l s t o c k s ______
In d ia a flo a t f o r E u r o p e '............ 1 8 8 .0 0 0
1 3 6 .0 0 0
9 8 .0 0 0
(
E g y p t, B r a s il, A c ., a flo a t..........
1 4 ,0 0 0
5 5 .0 0 0
2 6 .0 0 0
2 1 ,OOC
S to ck in A le x a n d r ia , E g y p t . . .
5 6 .0 0 0
1 0 7 ,0 0 0
1 5 5 .0 0 0
1 1 4 ,OOC
■ took In B o m b a y , I n d i a . . . ™ „ 7 1 9 ,0 0 0
4 9 8 ,0 0 0
590 000
3 1 6 ,OOC
T o ta l E a s t I n d ia , A o . . . ^ . . 1 ,1 6 0 ,0 0 0
9 8 7 ,0 0 0 1 ,0 8 1
6 4 3 200
T o ta l A m e r lo a n ......................1 ,4 8 6 ,8 7 8 1 ,9 1 6 ,9 0 1 2 , 0 2 8 , 3 '5 1 5 4 1 1 2 6
2 ,6 4 6 .8 7 8 2 ,9 0 2 .9 0 4 3,1 0-*,325 2 .1 8 4 .3 2 6
T o ta l v is ib le s u p p ly .
M id d lin g U p la n d , L iv e r p o o l . .
6 44d
Sd
■ 4 2 1 32d.
* 2 9 3 2 d.
M id d lin g U p la n d , N e w Y o r k , .
11-6 0 0
9 *8 0
8 *8 0 .
8 1 3 16 0 .
Egypt G o o d B r o w n , L iv e r p o o l 1 0 5 , ed.
7 i4 d
6 5 1 0 d.
7 i , ed.
P eru ». R o u g h G o o d , L iv e r p o o l
8 '6 0 d
7d
d
7 i«d .
B r o a c h F in e , L i v e r p o o l .. . ™ . ,
5 l 3 16d
4 l 3 ,* d
4 ^d
P 3 16d
T ln n e v e lly G o o d , L i v e r p o o l .. .
_____
5 7 16d
4 7 ed .
4 3 16 d ,
4 i s lc d.

40
70

20
0

|®“ Continental imports past week have been 77,000 bales
Tbe above figaree for 1903 show a decrease from last week
of 84,287 bales, a loss of 256,026 balis from 1902, a decrease of
462,647 bales from 1901 and a gain of 462,552 bales over 1900.

1 9 0 1 -0 2 .

Sinee
Week. Sept. 1.

Week.

Since
Sept. X.

Shipped—
V ia
V ia
V ia
V ia
V ia
V ia
V ia

8t. L o u is ........................................
C a ir o ...............................................
P a d u c a h ............. ..........................
R o o k I s la n d ........ ................
L o u is v ille ......................................
C in c in n a t i............ .......................
o th e r r o u te s , A o ......................

T o t a l g r o s s o v e r la n d ....................

Deduct shipments—

6 ,2 1 4
1 ,3 8 8
""2 5
2 ,1 6 3
S2
1 ,0 4 2

4 622
1 ,0 7 5

7 3 1 ,1 4 2
2 0 7 ,4 2 6
2 ,i9 8
2 9 .6 0 4
1 5 7 ,5 7 2
3 5 ,7 9 5
2 5 5 ,6 6 7

752
854
879

1 0 ,9 2 4 1 ,4 1 9 ,4 0 4

O v e r la n d to N. Y ., B o s t o n , A o . .
B e t w e e n In te rio r t o w n s .................
In la n d , & o., f r o m S o u th .................

1 ,4 4 2

T o t a l t o b e d e d u o t e d ....................
L e a v in g t o t a l n e t o v e r la n d ___

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

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

5 .9 4 6 1 ,1 1 3 ,4 6 8

2,7 68

2 ,8 5 0

2 0 1 .5 8 8
45 6 2 7
5 8 ,7 2 1

5’ 5 3 9

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

4 ,9 7 8

305 936

4 306

4 7 6 ,5 1 3

686

3 ,3 7 6 il,1 2 3 ,9 3 S

T h a f o i e g o m g s n o w s t h a t t h e w e e k 's n e t o v ex x a n u m o v e m e n t
’h is y e a r h a s b e e n 5 ,9 4 6 b a l e s , a g a i n s t 3 ,3 7 6 b a l e s f o r t h e
w e e k in 1902, a n d t h a t f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e n e t
j v e r l a n d e x h i b i t s a d e c r e a s e f r o m a y e a r a g o o f 1 0 ,4 7 0 b a l e s .

In Sight and 8pinners
Takings.
R eceip ts at p o r ts to J u n e 5 ..............
N et o v e r la n d t o J u n e s ......................
S ou th ern c o n s u m p tio n to J u n e 5..

1 9 0 2 -0 3 .

Week.

1 9 0 1 -0 2 .

F in e s
St p i 1

Week

F in e*

Sept. l .

2 4 ,2 9 1 7.5 3 2.336t 2 1 ,4 3 3 7 ,2 9 8 ,4 1 1
5 ,9 4 6 1 ,1 1 3 ,4 6 8
3 .3 7 6 1,1 * 3 ,9 3 8
4 0 0 0 0 1 .6 1 4 ,0 0 0 3 7 ,O'-o 1 ,4 3 1 ,0 0 0

T o ta l m a r k e t e d ............ .................. 7 0 ,2 3 7 1 0 2 5 9 8 0 4 6 1 .8 0 9 9 ,8 5 6 ,3 4 9
In te r io r s to o k s In e x c e s s ___ _______ * 1 1 ,9 5 3
1 7 ,7 2 6 * 1 2 4 0 8
3 0 ,6 0 6
C a m e In to sig h t d u r in g w e e k . .
T o ta l In sig h t J u n e 5 ..................
N orth-n s p in n e rs’ ta k ’ g s t o J ’ n e 5..

5 8 ,2 3 4

4 9 ,4 0 1
10277530

9 .8 8 6 .8 5 5

1 6 ,2 6 9 2,041,1)34

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

Movement into sight in previous years,
Week—
1 9 0 1 - J u n e 7 ......................
1900 J u n e 8 . . . . . . . . . . . . .
1 8 9 9 - J u n e 9 ......................
1 8 9 8 —J u n e 1 0 .............._ _

Bales.

Since Sept. 1 —
Bales.
7 8 ,8 5 1 1 9 0 0 -0 1 - J u n e
7 .....
9 ,7 7 4 ,8 1 6
4 1 .7 3 9 1 8 9 9 - 0 0 - J u n e
. ____ 8 ,6 9 7 .8 1 0
5 6 ,3 8 8 1 8 9 8 -9 9 J u n e
9 .........1 0 ,7 7 6 ,0 2 1
5 2 ,8 7 3 1 8 9 7 -9 8 —J u n e
-------..1 0 ,7 2 2 ,6 0 9

8
10

1256

THE CHRONICLE

[VOL. L XXVI.

Q uotations fob Middling C otton at Otheb M arkets . Palestine, Texas.—There has been rain on three days of the
Below are d o sin g quotations o f m iddling cotton at Southert week, the precipitation reaching ninety-eight hundredths of
and other principal cotton m arkets for each day o f the w e e k , an inch. The thermometer has averaged 67, the highest
being 86 and the lowest 48.
c l o s in g q u o t a t io n s f o b
m id d l in g o o t t o n o n —
Paris, Texas.—W e have had rain on one day o f the week,
Week ending
June 5.
the rainfall reaching five hundredths o f an inch. T he ther­
Fri.
Satur.
Mon.
lu es.
Wednes. Thurt.
mometer has averaged 67, ranging from 47 to 86.
n ii6
H7.«
Galveston...
11716
1 1 7 18
l l 7ie
San A ntonio, Texas.—Rain has fallen on three
f the
m il*
New Orleans
lm ie
l l 11!*
H11 week, the rainfall being seventy-three hundredths days o inch.
S6
1 1 U 16
o f an
10%
lo%
10%
10%
10%
Mobile........
Savannah...
The thermometer has ranged from 56 to 88, averaging 71.
11%
11%
11%
11%
11
Charleston..
W eatherford, Texas.—Rain has fallen on one day o f the
10%
10%
Wilmington.
10%
week, the rainfall reaching six hundredths o f an inch. A ver­
a
11%
1138
Norfolk....
11%
ii%
1138
age thermometer 70, highest 85, low est 54.
Month’s rainfall
11-50
11 70
11-50
11-50
Boston.......
11-50
s
11%
11%
11%
n%
11%
Baltimore. .
one inch and seventy-nine hundredths.
S
P
11-75
11-75
11-75
Philadelphia
11-75
11-75
New Orleans, Louisiana.—W e have had rain on four days
Augusta_
_
11%
11%
11=8
11%
11%
during the week, tne rainfall being thirty-seven hundredths
113e
11%
Memphis....
15%
11%
1138
1138
113s
11%
11%
11%
8t. Louis....
o f an inch. The thermometer has averaged 74.
Houston....
H us
11 h e
H 7ie
H 7ie
Shreveport, Louisiana.—There has been rain on four days
10%
Cincinnati..
10%
10%
10%
10%
o f the past week, the rainfall reaching nineteen hundredths
11
11
11
li
11
Little Rook.
o f an inch.
The thermometer has averaged 71, ranging
The closing quotations to-day (Friday) at other im portant f jo m 53 to 87.
Southern m arkets w ere as follow s.
Leland, Mississippi.—It has rained during the week, the
Athens..... ....... 11%
Columbus, Miss 11%
Nashville........ 10%
rainfall reaching one inch and forty-tw o hundredths. A v e r­
Eufaula.. . . . . . . ....
A tlan ta........ It %
Natohe*......... 11%
age thermom eter 66'6, highest 84, low est 54.
Raleigh.......... 12
Louisville___ _ 11%
Charlotte........ 12
Vicksburg, M ississippi.—There are some complaints that
Columbus. Ga. 11%
Montgomery... 11%
Shreveport_ 10%
_
the weather has been too cool and that moisture is needed.
N ew O rleans Option Ma r k e t .—The highest, low est and Rain has fallen on three days o f the week, the precipitation
closing quotations for leading options in the New Orleans reaching twenty-nine hundredths o f an inch. The ther­
cotton m arket the past w eek have been as follow s.
mometer has averaged 68, the highest being 87 and the low ­
Sat’day. Monday, Tuesday, Wed’day, Thursd’y Friday, est 52.
Greenville, M ississippi.—The weather is cool and rainy.
May SO June 1. June 2. June 3. June A J u n e 5.
Columbus, Mississippi,—Rain has fallen during the week
M ay—
— © — —© —
— 9 - — © — to the extent o f tw enty-five hundredths o f an inch, on three
Ranne....
Closing...
— © - — © —
— 9 — — 9 — days. The thermom eter has averaged 70.
July—
Little Rock, A rkansas.—Considerable low lands are over­
12-35® 38 12 359-39
Range_
_
12 35 9-40 12-30 9-36 flowed and crops are now reported to be grassy. There has
Closing...
12-369-38 12-369-39
12-35® — 12-35® —
been rain on four days during the week, the precipitation
A ugust —
11 80® 86 11-86 9-91 • n
Range....
11-92® 98 11-91® 93 being one inch and fifty-seven hundredths. The thermometer
M
O
o
Closing...
11 81® 83 11 899-91
U-91® 93 has ranged from 53 to 79, averaging 66.
11-949-96
OOTOBEB—
S
a.
Helena, Arkansas.—The weather has been too cool, but in­
g
Range_
_
9-489-60 9-899-50
9-509-57 9-529-64
*
.
Closing...
9-559-56 9-52® 53
9-529-53 9-419-42 indications now are for higher temperature. L ice are re­
Dec’ber—
ported. There has been rain on tw o days o f the past week,
9-319-37 9-329-31
9-239-40 9-209-29 the rainfall reaching one inch and ninety-six hundredths.
Range....
Closing...
9-369-37 9-339-34
9-339-34 9-229-23
Average thermometer 67, highest 88 and lowest 54.
Tone—
8tead y .
Firm.
Steady.
Steady.
Spots......
Nashville, Tennessee.—Cotton stands are good but w e are
Quiet.
Quiet.
Options...
Quiet. Steady. having entirely too m uch rain. W e have had rain during the
week to the extent o f seven inches and thirteen hundredths
W eather R eports b y T eleg ra ph .—A dvices to us by o f an inch. The thermometer has averaged 70, ranging from
telegraph from the South this evening indicate that rain has 57 to 82.
Memphis, Tennessee.—The weather has been too cool and
fallen in most districts during the week and that the precipi­
tation has been light or moderate as a rule. Generally the wet the past week, but conditions have im proved tow ard the
close. Crops are grassy and labor is scarce. We have had
moisture has been o f benefit to ootton, but there are some rain every day o f the week except Thursday. The pre­
com plaints of cool weather. A t a few points rain is claim ed cipitation reached one inch and sixty-three hundredths. The
to be needed.
thermometer has averaged65-8, the highest being 83-2 and the
Galveston, Texas.— W e have had rain on one day o f the lowest 55‘8.
May rainfall fou r inches and seventy-six
past week, the rainfall reaching three hundredths o f an in ch . hundredths.
The thermometer has averaged 73, the highest being 82 and
Mobile, Alabam a.—There have been general and beneficial
the lowest 63.
rains in the interior and crop reports are im proving. Rain
Abilene, Texas.—Rain has fallen on tw o days o f the week, has fallen on fou r days during the week, the rainfall reach­
the rainfall being fou r hundredths o f an inch. The ther­ ing tw o inches and thirty-nine hundredths. The therm om e­
m om eter has averaged 68, ranging from 52 to 86.
ter has ranged from 60 to 84, averaging 73.
Brenham, Texas.—W e have had rain on one day during
Montgomery, Alabama.— W e are having too m uch rain;
the week, to the extent o f one-hundredth o f an inch. The prospects are less flattering. It has rained on five days of
thermometer has ranged from 54 to 88, averaging 71. M onth’s the week, the rainfall being one in ch and sixty-nine hun­
rainfall tw o inches and thirty-eight hundredths.
dredths. A verage thermom eter 73, highest 87 and lowest 60.
Corpus Christi, Texas.—There has been rain the past week
Selma, Alabam a.—There is some demand for fertilizers to
to the extent o f tw enty-eight hundredths o f an inch, on tw o plant oat fields with cotton. W e have had rain on three days
days. Average thermometer 77, highest 86, low est 68. May during the week, the rainfall reaching twenty-five hun­
rainfall tw o inches and twenty-five hundredths.
dredths o f an inch. The thermometer has averaged 70, the
Cuero, Texas.—There has been rain on one day o f the highest being 83 and the low est 58.
week, to the extent o f three hundredths o f an inch, The
Madison, Florida.—Rain has fallen on tw o days o f the
thermometer has averaged 75, the highest being 93 and the week, the rainfall being tw o inches and fifty hundredths.
low est 57. May rainfall three inches and seventy-six hun­ The thermometer has averaged 81, ranging from 70 to 92.
dredths.
Augusta, Georgia.— W e have had rain on four days during
Dallas, Texas.—D ry weather has prevailed all the week. the week, the rainfall being ninety hundredths o f an inch.
The therm om eter has averaged 67, ranging from 48 to 86. The thermometer has ranged from 62 to 85, averaging 73.
M onth’s rainfall one inch and eighty-seven hundredths.
Savannah, G eorgia.—Rain has fallen on tw o days of the
H enrietta, Texas.—W e have bad a trace o f rain on one day week, the rainfall being one inch and one hundredth. A ver­
during the week. The thermometer has ranged from 42 to age thermometer 75, highest 83 and lowest 66.
88, averaging 65. May rainfall tw o inches and thirty-five
Stateburg, South Carolina.— W hile the rain this week did
hundredths.
some damage here and there from washing and flooding, it
Huntsville, Texas.—It has rained on tw o days o f the week, was generally very beneficial. There has been heavy rain on
the rainfall being one inch and fifty-one hundredths. A ver­ three days of the week, the rainfall being five inches and
age thermometer 66, highest 80, lowest 52.
twenty-five hundredths. The thermometer has averaged 73,
Kerrville, Texas,— W e have had heavy showers on tw o days ranging from 61 to 86. May rainfall one inch and sixtyduring the week, the precipitation reaching one inch and seven hundredths.
sixty hundredths. The thermometer has averaged 63, the
Charleston, South Carolina.— W e have had rain on three
highest being 83 and the lowest 42. M onth’s rainfall tw o days during the week, the rainfall being ninety-four hun­
inches and ninety-six hundredths.
dredths o f an inch. The thermometer has averaged 75, the
Longview, Texas.—W e have had rain on three days the highest being 80 and the low est 68,
past week, to the extent o f seventy hundredths o f an inch. The
The follow ing statement w s have also received by telegraph,
thermom eter has averaged 66, ranging from 53 to 79.
showing the height o f the rivers at the points named, at
Lampasas, Tea;as.—Rain has fallen during the week, to 3 o ’clock June 4, 1908, and June 5, 1902.
the extent of one inch and forty-fou r hundredths o f an inch,
on tw o days. Prospects are promising. The thermometer
June 4, ’08. June 5, "02.
has ranged from 47 to 86, averaging 67. May rainfall three
F eet.
F eet.
inches and six hundredths.
6-3
.Above sero of gauge.
130
New Orleans. ...
Luling, Texas.—Rainfall for the week thirty-five hun­ Memphis.......
15-8
22-7
30
25-8
dredths of an inch, on one day. Average thermometer 71, HaahVllle.....
15-6
11-6
highest 91 and lowest 53. Month’s rainfall one inch and Shreveport.... ...........Above sero of gauge.
22-2
33-4
yioksbnrg.....
seyenty-three hundredths.

T H E

J une 6, 1903.]

C o t t o n A c r e a g e R e p o r t .— I n o u r e d ito r ia l c o lu m n s w ill
b e fo n n d t o -d a y o u r a n n u a l C o tto n A c r e a g e R e p o r t, w ith an
a cco u n t a t le n g th o f th e
tio n o f th e S o u th .

c o n d itio n o f

th e p la n t in e a c h s e c ­

T h e r e p o r t h as b een p rep a red in c ir c u la r

fo r m , a n d th e c ir c u la r s

m a y b e h ad in q u a n tity w it h b u s i­

ness c a r d p r in te d th ereo n .
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 . — T h e r e o e ip ls
o f c o t t o n a t B o m b a y a n d t h e s h ip m e n t s f r o m a l l I n d ia p o r ti
fo r th e w o e k e n d i n g J u n e 4 , a n d f o r t h e s e a s o n f r o m S e p t , 1
to J u n e 4 fo r t h r e e y e a r s h a v e b e e n a s f o l l o w s :

IWUX-03.

Meeeipts a t -

Week.

Fine s
Sept. 1.

1900-01.

Sine*
Sept. 1.

65.000 2,239.000

B o m b a y ............

Mtsporti

1901-02

f o r the Week.

49,000 1,724.000

Since Septem ber 1 .

(treat

Ootuli-

B rita in .

fr o m —

n en t.

Total.

Crtai
Britain.

3 8 ,0 0 0
4 7 ,0 0 0
3 9 ,0 0 0

3 9 ,0 0 0
4 7 ,0 0 0
4 0 ,0 0 0

7 2 ,0 0 0
7 ,0 0 0
6 5 ,0 0 0

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

1.000

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

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

3 1 ,0 0 0
2 7 ,0 0 0
3 1 ,0 0 0

8 4 ,0 0 0

1 ,0 0 0
.......
1 ,0 0 0

6 ,0 0 0
1 ,0 0 0
8 ,0 0 0

1 1 ,0 0 0
5 ,0 0 0
1 3 ,0 0 0

1 7 ,0 0 0
6 ,0 0 0
2 1 ,0 0 0

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

1 5 ,0 0 0
2 ,0 0 0
4 ,0 0 0

1 6 ,0 0 0
1 ,0 0 0
9 ,0 0 0

1 1 5 ,0 0 0
5 9 ,0 0 0
8 3 ,0 0 0

1 3 1 ,0 0 0
6 0 ,0 0 0
9 2 ,0 0 0

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

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

9 8 ,0 0 0
1 2 ,0 0 0
8 5 ,0 0 0

8 9 5 .0 0 0
5 5 0 ,0 0 0
6 4 4 ,0 0 0

9 9 3 ,0 0 0
5 6 2 ,0 0 0
7 2 9 ,0 0 0

e c e ip t s

an d

C on ti­
nent.

Total.

Bom bay—
1 9 0 2 0 3 ..
1 9 0 1 - 0 2 ..
1 9 0 0 - 0 1 ..

1 ,0 0 0

1 9 0 2 - 0 3 ..
1 9 0 1 - 0 2 ..
1 9 0 0 - 0 1 ..

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

Oalontta—

1 ,0 0 0

1 ,0 0 0
2 ,0 0 0

Madras—

1 9 0 2 -0 3 ..
1 9 0 1 - 0 2 ..
1 9 0 0 - 0 1 ..

1 ,0 0 0

1 9 0 2 - 0 3 ..
1 9 0 1 - 0 2 ..
1 9 0 0 - 0 1 ..

1 ,0 0 0

..
1 ,0 0 0

......

All others—

to ta l all—

1902 0 3 ..

1 ,0 0 0

1 9 0 1 - 0 2 ..
1 9 0 0 0 1 ..

3 ,0 0 0

A

____

l e x a n d r ia

R

S

h ip m e n t s

810,000
4 6 6 ,0 0 0

582,000
3 5 ,0 0 0

30,000

C

o f

1 9 0 2 -0 3 ,

R e c e ip t s ( o a n t a r s * ) —
T h is w e e k .....____ _
S in c e S e p t . 1 ...............

otton

.

5 ,7 3 7 .6 o 6

1 9 0 1 -0 2 .

1 9 0 0 -0 1 .

1 ,0 0 0
6 ,4 7 0 ,0 0 0

3 6 ,0 0 0
5 ,3 0 3 ,0 0 0

TM s
Since
week. Sept. 1.

Sinee
This
week. Sept. 1 .

This
,Sines
week. Sept. 1.

E x p o r t s ( b a le s ) —
T o L i v e r p o o l . ™ ___
T o C o n t in e n t t .......

4 .0 0 0 3 3 7 .0 0 0
3 .0 0 0 3 6 4 .0 0 0

2 ,0 0 0 3 0 7 .0 0 0
5 ,0 0 0 4 6 4 .0 0 0

6 ,0 0 0 2 9 6 .0 0 0
7 ,0 0 0 2 7 4 .0 0 0

T o t a l E u r o p e _____

7 ,0 0 0 7 0 1 ,0 0 0

7 ,0 0 0 7 7 1 ,0 0 0 1 3 ,0 0 0 5 7 0 ,0 0 0

* A eantar la 98 pounds.
t O i w h ic h t o A m e r i o a In 1 9 0 2 -0 3 , 7 8 ,1 5 2 b a le s ; In 1 9 0 1 - 0 2 , 9 7 ,5 8 6
b a le s ; In 1 9 0 0 - 0 1 , 4 6 , 7 2 6 b a le s .
an ch ester

Ma

r k e t

, — Our

reo orfc

r e o e iv e d

by

c a b le

to-night from M a n c h e s t e r s t a t e s t h a t t h e m a r k e t is s te a d y
f o r yarns and q u ie t for s h i r t i n g s , o n a c c o u n t o f th e h o lid a y s ,
W e give t h e p r ic e s for t o -d a y b e lo w a n d le a v e t h o s e f o r
p r e v io u s w e e k s of t h i s and la s t y e a r for c o m p a r is o n .
1903.

1902.

8% lbs. Shirt­ Oott’n
8% lbs. Shirt­ Oott’n
Cop, ings, common Mid. 3 2 * Cop. ings, common Mid.
Twist.
Twist.
Uplds
to finest.
Uplds
to finest.

32*

d.
d.
M ay 1 7% © %
“
7 l i e © 8 Bi8
“ 15
© %
H
%
“
“ 29 ^
®9
J ’n e S Is 1
* ©9

8
8 8
84 8
*
2 8 08
2
8

Further im provem ent In the oondltlon o l cotton Is generally Indi­
cated, but the orop. an a rule, Is from tw o to three weeks late. B etter
stands are reported from the Carollnas, Tennessee, A labam a and p or­
tions o f Mississippi, L o iisla n a and T exas. In Arkansas, Oklahom a
and Missouri the orop Is grassy. Cutworms are causing dam age In
Central and Southern T exas and boll weevil are reported this week
from a num ber o f additional oouuties In that State.
— O n p a g es x v iii, s i x a n d x x o f th is issu e o f th e C h r o n ­
e n t c o tto n

c o m m is s io n

h o u ses

o f th is c it y , as

w e ll a s o f

so m e firm s in o th e r p a r ts o f th e c o u n tr y .

N e w Y o r k C o t t o n E x c h a n g e — A n n u a l E l e c t io n . — T h e
a n n u a l e le c tio n o f officers an d m a n a g e r s o f th e N e w Y o r k
C o tto n E x c h a n g e w a s h e ld on M o n d a y , J u n e 1. T h e r e g u la r
tic k e t w a s e le c te d w it h o u t o p p o sitio n .
P r e s id e n t R o b e r t P .
M c D o u g a ll ; V ic e -P r e s id e n t , H e n r y S c h a e fe r ; T r e a s u r e r ,
G e o rg e B r e n n e c k e .
B o a rd o f M a n a g e r s — E . A . F a c h ir i,
H e n r y H . W h e e le r , E d w a r d M . W e l d , J a m e s F . M a u r y ,
H e r m a n N o r d e n , D a v id H . M ille r , R ic h a r d A . S p r in g s , J .
F r a n k M c F a d d e n , M a r c u s J . P a r r o t t , A l b e r t L . R o u n tr e e ,
H e r m a n n H a g e d o r n , G e o r g e M . B a ily , J o h n E . G . H ig g in s ,
W i l l i a m R a y a n d L . L . F le m in g . T r u s t e e o f th e G r a t u it y
F u n d to se rv e th ree y e a r s, E E . M o ore.
A g r ic u l t u r a l D e p a r t m e n t 's R e p o r t o n A c r e a g e , & c , —
T h e A g r ic u lt u r a l D e p a r tm e n t a t W a s h in g t o n issu e d on
J u n e 3 its r e p o rt o n c o tto n c o n d itio n a n d a c r e a g e .
T h e fo l­
lo w in g is w h a t i t s a y s o n th e s u b je c t o f a c r e a g e :

The Statistician o f the Departm ent o f A gricu ltu re estimates the
total area planted in ootton in the United States this season at 28,907,000 aores, an increase o f 1,029,000 acres, or 3-7 per cen t, upon
the acreage planted last year. The percentage o f inorease in acreage
in the different States is as follow s: Virginia, 7-0; North Carolina, 7-2;
Bouth Carolina, 5-3; Georgia, 4-4; Florida, 2 0; A labam a. 2 3; M issis­
sippi, 4-5; Louisiana, 2-8; T exas, 1-5; Arkansas, 5-8; Tennessee, 6 0;
Missouri, 1 1 0 ; Oklahoma, 5-9; Indian T erritory, 10-3.
T h e fo llo w in g is th e r e p o r t o f th e D e p a r tm e n t o n c o n d itio n :

Alexandria. E gypt,
June 3 .

M

G overnm ent W eek ly
C otton
R e p o r t . — M r. J a m e s
B e r r y , C h ie f o f th e C lim a t e a n d C r o p D iv is io n o f th e U n it e d
S tates W e a th e r B u r e a u , m a d e p u b lic ou T u e sd a y th e t e l e ­
g ra p h ic rep orts on th e cro p s in th e S o u th e rn S ta te s fo r
th e w eek e n d in g J u n e 1, s u m m a r iz in g th e m as fo llo w s :

i c l e w ill b e fo u n d th e b u sin e ss c a r d s o f m a n y o f th e p r o m in ­

Sin**
Sept. 1.

m tk .

23,000 1,997,000

1257

C H R O N IC L E

a. d.
s.
5 4% 03
5 4 !* © 8
5 7^08
5 7*308
5 9
5 9 ©8

d.
2
2
5
5

© 6
8
6

d.
d.
d.
57 785 6© %
5*62 7 % © gJ a
6 1 6 7 ie ® 8 'q «
636
7 111 0 © 8 7 i g
6 3 4 7% ©
6 -4 4 7 5 g © 8 3 8

8

1
1

83
*

s.
5
5
5
5
5
5

d.
7

s.

©
8
6 ©
8
5 ©
8
5 ©
8
5 ©
8
4 *a S 8

d.
5%

d.
2
1%
1
1
l* s
1

5832
5 13 3
5 532
5

C o t t o n C o n s u m p t i o n a n d O v e r l a n d M o v e m e n t t o J u n e 1,
— B e lo w w e p r e s e n t a s y n o p sis o f th e cro p m o v e m e n t fo r th e
m o n t h o f M a y a n d th e n in e m o n t h s e n d e d M a y 31 fo r
th r e e y e a r s .

1902-03.
Gross overland for May............... bales.
61,835
Gross overland for 9 months.................. 1,412,734
Net overland for May.............................
34,575
Net overland for 9 months..................... 1,107,950
Port receipts in May...........................
229,528
Port receipts in 9 months....................... 7,516,865
Exports in May.......................................
228,353
Exports in 9 months..................... .......... 6,456,473
Port stocks on May 31............................ 319,979
Northern spinners’ takings to -June 1... 2,031,407
Southern consumption to June 1.......... 1,580,000
Overland to Canada for 9 months (inoluded in net overland)................ ....... 109,746
Burnt North and South in 9 months......
2,128
Stock at North’n interior markets J’ne 1
11,278
Came in sight during May.....................
366,103
Amount of crop in sight June 1............ 10232815
Came in sight balance season........ ........
Total orop............ .............. ........ .........
Average weight of bales........................
505-66

1901-02.
51,833
1,596,057
37,432
1,123,384
166,845
7,281,941
280,269
6,218,455
433,997
2,000,227
1,403,000

1900-01.
58,087
1,592,690
17,221
1,010,172
293,597
7,111,122
437,769
5,908,567
473,636
1,809,628
1,230,000

105,001
82,419
5,613
15
11,111
9,313
253,777 348,289
9,848,325 9,695,965
853,128 729,176
10701453 10425141
503 3 s
*

511-37

— T h e “ S q u e e z e ’’ i n t h e C o t t o n M a r k e t , E t c . — I n o u r
e d ito ria l c o lu m n s to -d a y w ill be fo u n d an a r tic le u n d e r
a b o v e c a p tio n b y o u r sp e cia l M a n c h e ste r c o rre sp o n d e n t.

th e

The average oonditlon o f the grow in g orop ou May 26 was 74-1, as
com pared w ith 9 5 T on May 26, 1902, 81*5 on May 20, 1901. and a
ten-year average o f 86-9. The oonditlon o f the orop by States on M ay
26 was as follow s: Virginia, 72; North Carolina. 74; South C arolina,
76; Georgia. 75; F lorida, 81; Alabam a, 73; M ississippi,78; L ouisiana,
76; Texas, 70; Arkansas, 76; Tennessee, S3; M issouri, 83; O klahom a,
72; Indian Territory, 76. The oonditlon n ow reported la for the o o tto n
belt as a w h ole—and fo r the States o f Georgia, A labam a and T exas in
particular—the low est condition ever reported at this season o f the
year. The crop is alm ost every where from ten to tw enty-one days la t e
T h e sta te m e n t o f c o n d itio n , c o m p a r e d w ith th e rep orts fo r
p rev io u s y e a rs, is as fo llo w s .
A G R IC U L T U R A L D E P A R T M E N T ’ S J U N E C O N D IT IO N R E P O R T S .

June
Condition. 1903. 1902. 1901. 1900. 1899. 1898. 1897. 1896. 1895. 1894.
V irgin ia ...
No. Car___
So. C a r___
G eorg ia .. .
Florida___
A labam a..
Mississippi
Louisiana.
T e x a s .......
Arkansas..
Tennessee.
M issou ri..
Oklahoma.
Indi’n Ter.
Average.

72
74
76
75
81
73
78
76
70
76
83
83
72
76

••. .
91
97
94
100
92
94
96
95
100
100
_. . .
96
99

....
87
80
80
88
76
82
80
81
81
78
88
85

94
86
85
89
88
87
85
88
71
91
86
94
75
84

79
87
86
88
88
86
78
81
90
80
85
90
81
84

86
86
85
89
76
89
91
89
89
96
90
96
82
80

74-1 95-1

81-5

82-5

85-7

890

....

87
91
84
99
87
97
84
95
85
90
81 103
76 104
84
94
92
87
83 102
77 118
92
90
72 X 87
85
83-5

97-2

67
61
72
82
92
85
88
85
79
89
87
89

97
84
83
76
92
88
91
95
94
97
78
96

70

1 HA

80-0

88-3

S h i p p i n g N e w s . — A s s h o w n o n a p r e v io u s p a g e , th e
e x p o r ts o f c o tto n fr o m th e U n it e d S ta te s th e p a st w e e k h a v e
rea ch ed 52,664 b a le s,
T h e s h ip m e n ts in d e ta il, as m a d e np
fr o m m a il a n d te le g r a p h ic r e tu r n s , are as fo llo w s :

Total bales.

N e w Y o r k —T o L i v e r p o o l , p e r s t e a m e r G e o r g io , 7 9 2 ....................
T o M a n c h e s t e r , p e r s t e a m e r T h e s p is , 6 5 4 u p la n d a n d 8 S e a
I s l a n d ...............................................................................................................
T o H a v r e , p e r s t e a m e r L a G a s c o g n e , 2 2 2 ....................... ...........
T o B r e m e n , p e r s t e a m e r s B a r b a r o s s a , 3 , 5 4 0 .........G r o s s e r
K u r f a r s t , 8 0 8 ..............................................................................................
T o A n t w e r p , p e r s t e a m e r V a d e r la n d , 1 0 0 ......................................
T o R e v a l , p e r s t e a m e r H e lll g O la v , 5 0 ............................................
T o N y k o p in g , p e r s t e a m e r H e lllg O la v , 1 0 0 . .............................
T o G o t t e n b u r g , p e r s t e a m e r s H e lll g O la v , 2 0 0 ___ G r o s s e r
K u r fu r a t , 1 0 0 .................................................
T o G e fle , p e r s t e a m e r H e lll g O la v , 2 0 0 ............................................
T o G e n o a , p e r s t e a m e r L ig u r ia , 2 2 7 ..................................................
N e w O r l e a n s - T o H a m b u r g - M a y 2 9 - S t r . B r is g a v ia , 4 , 3 7 9 . .
T o R o t t e r d a m —J u n e 1 —S t e a m e r M o n ta u k , 1 0 0 ..................... ,
T o C o p e n h a g e n —J u n e 2 —S te a m e r A d a t o , 3 7 3 .............................
T o M a la g a —J u n e 1 —S t e a m e r F e d e r io a , 1 ,0 0 0 ............................
T o B a r c e lo n a —J u n e 1 — S t e a m e r F e d e r io a . 2 ,0 0 0 ......................
T o G e n o a - J u n e 1 —S t e a m e r F e d e r io a , 1 ,0 5 1 ..............................
T o T r ie s t e J u n e 1 —S te a m e r F e d e r io a , 5 0 1 ...................... ...........
T o V e n ic e —J u n e 1— S t e a m e r F e d e r io a , 5 3 3 ...................... ...........
G a l v e s t o n - T o L i v e r p o o l - J u n e 5 —S t e a m e r O a p e lla , 2 , 1 4 5 . . .
T o B r e m e n —M a y 2 9 — S t e a m e r F r a n k fu r t . 9 .6 6 4 .........................
T o H a m b u r g - M a y 2 9 —S te a m e r O a y o B l a n c o . 3 0 ....................
T o G e n o a - J u n e 1 —S t e a m e r P r in o lp e s s a L a e t it ia , 4 . 5 0 9 . . .
S a b i n e P a s s —T o L i v e r p o o l —M a y SO—S t e a m e r S a n c a n d e r in o ,
3 , 3 5 0 . ..............................................................................................................
T o R o t t e r d a m — M a y 8 0 —S t e a m e r D r u m m o n d , 3 5 6 ................
S a v a n n a h —T o B r e m e n —J u n e 2 —S te a m e r W a v e r ly , 6 , 2 3 4 ........
T o H a m b u r g - M a y 2 0 —S t e a m e r S t e r n b e r g e r , 2 2 5 ...................
T o S t P e t e r s b u r g —J u n e 2 —S t e a m e r W a v e r ly , 6 0 0 ..................
T o R e v a l —J u n e 2 —S te a m e r W a v e r ly , 1 2 5 S e a I s la n d ............

79 2

662
222
4 ,3 4 8
100
50
100
300
200
227
4 ,3 7 9
100
373
1 ,0 0 0
2 ,0 0 0
1 ,0 5 1
501
533
2 ,1 4 5
9 ,6 6 4
30
4 ,5 0 9
3 ,3 5 0
356
6 ,2 3 4
225
600
125

1258

FHB CHRONICLE
T ota l b a les.

W i l m i n g t o n — T o B rem en—J u n e 7—stea m er F in sb u ry, 5 ,1 9 1 ..

N e w p o r t N e w s —T o L iv e rp o o l—Ju n e 1 —Str. Shenandoah, 9 2 3
B o s t o n T o L iv e rp o o l—M ay 2 9 —Steam er G eorgian , 5 1 6 ___
June 1—Steam er S a xon ia , 8 3 ......................................................
B a l t i m o r e — T o L iv e rp o o l—M ay 29—Steam er U lsterm ore, 7 6 5
T o B rem en—M ay 2 9 —Steam er D resden , 4 7 ....... June 3—
Steam er Cassel, 4 2 9 ..........................................................................
P h i l a d e l p h i a — T o L iv e rp o o l—J n n e 1—Str. B elgen la n d , 5 1 8 ..
P o r t l a n d , M e .— T o L iv e r p o o l—M ay 29—Str. Irishm an, 1 6 . . . .
T o ta l.................... .................. . . ....................................................... .

5,191
923
599
765
476
518
16
5 2 ,6 6 4

Exports to Japan since S ept. 1 h av e been 128,858 bales from
the Pacific C o a st, 6,283 bales fro m N ew Y o rk and 400 bales
from N orfolk.
L i v e r p o o l ,— B y cable fro m Liverpool w e have the fo llo w ­
ing statem ent of the w eek’s cables, stocks, & c ., at th at port.

May 15.
Sales o f th e w e e k ..,„„„ b a ifiB .
O f w h ich e x p o r t e r s t o o k ..
O f w h ich s p e cu la to rs to o k
Sales A m e rica n . . . . . . . . . . . . . . .
A ctu a l e x p o r t .,.™ .............
F o r w a r d e d ...... ............. ..
T o ta l stook —E s t im a t e d ......
O f w h ich A m e rica n —E s i'fi.
T o ta l im p o rt o f th e w e e k .. . ..
O f w h ich A m e r ic a n ...™ ...
A m ount a f l o a t .......... . . . . .
O f w h ich A m e r i c a n . . . . . . . . .

96.00C
16,000
11,000
86,000
10,000
68,000
645,000
560,000
36,000
22,000
131,000
82,000

May 22.

May 29.

45.00C
3,000

June 5,

21,000
800
700
17,000
9,000
50,000
635,000
541,000
44,000
4 1 ,000
64,000
39,000

10,000

[Y ol. LXXY1,
3. 2

D A I L Y C L O S I N G P R I C E S OSS N

Bat.

S P R IH G W H E A T IN

M on .

JV»*.

C H lC A fiO .

Wed.

T h u rs.

Wri.

76
75 %
72>4
74%
73 %
72 %
74 %
73 %.
Indian corn futures have received increased speculative
attention and prices have shown an advancing tendency.
The feature has been th e unfavorable weather conditions
over the western section o f the corn belt. Continued wet
weather and floods have resulted in a serious delay in crop
preparations, it being estim ated that not over 75 to 80 per
cent of the crop has been planted, and it appears to be the
general impression of the trade that unless favorable weather
conditions are experienced throughout the remainder o f the
season, the crop for 1903 w ill fall short of last season’s excep­
tional yield. T he spot m arket has been firmer but business
has been quiet. T o-day the m arket was fairly active and
firmer. The spot m arket was firmer and a lim ited export
business was transacted.
J u ly d eliv ery In e lev .......
Sept, d elivery In e le v ___
D eo. d elivery In elev .......

74 %

75*$

H olid ays.

72%
73

D A IL Y CLOSING PBICES OP NO. % M IX ED CORN US N E W

Bat.
Holi­
day.

?O R E .

8 ,0 0 0
8,000
29,000
6 2 2,00 0
5 2 2 ,0 0 0
24,000
8,000
6 8 ,000
3 9 ,000

Mon. Tv.es.
Wed. T h u rs.
Osab corn f. a. b ...........
56
57
57%
57%
July delivery In e le v _
_
55%
55%
£6 %
55%
56%
Sept, delivery in elev......
53%
54%
53%
53%
DAILY CLOSING PRICES O ' SO. S MIXED CORN IS CHJfCAOO i.
B
Sion. Twnt.
W ed .
T hu rs.
Sat.
JPri.
47 %
July delivery in elev......
47%
48%
Sept, delivery in elev....
Holidays.
47
46%
Dec. delivery in elev......
45%
46%
46%

I h e tone of th e L iv erp o o l m a rk et fo r sp ots and futures
each day o f the w eek en d in g June 5 and th e daily closing
prices o f spot o o t to a , have been as fo llo w s.

Oats for future delivery have been m oderately active at
advancing prices. Crop reports have been, as a rule, o f a
more favorable tenor, but ow ing to the strength of the
markets for other grains, shorts have bought to cover short
sales and prices have been firmer. T he spot m arket has been
firmer but quiet. To-day the m arket was steadier w ith corn.
Locally the spot m arket was firmer.

Spot.

38,000
3,000
54,000
650,000
545.00 0
63.000
28,000
86,000
61,000

Bat’day. Monday. Tuesday. Wed’day. Thursd’ y Friday

Market, )
18:80 p . M. {

9
t

i

a c id .u p im

Sales...........
Futures.

V ery
little
d o in g .

Q n le t.

a

6 -3 8

6 *42

6 44

W
e
P*
S
P

3 ,0 0 0
800

3 ,0 0 0
300

4 .0 0 0
1 ,0 0 0

•
•
a

K
a
p.

S p ec. A ex p .

V ery
little
d o in g .

a

•
•
■
•
s
•

s,

a
B

•
■
1
1
9

W
o
tz
P
-

S3

S te a d y at Q n let at S te a d v a t
7 % ® 1 3 p t». 2% pts. dc. 1 pt. d e c. 1
a d v a n c e !@ 8 % p t.a d . t o s p ts .a d .!

SaS.

3 Io b .

T ile s .

W ed.

June 1

June 2.

June 3

>

d.

W
P-

H

)*
—
p.

6
6
6
5
5
5
5
5
5
5

11
08
04
91
54
24
13
11
10
10

6
6
6
5
5
5
5
5
5
5

14
11
07
94
57
27
17
14
13
13

A.
6
6
6
5
5
5
5
5
5
5

17
14
10
97
55
25
15
13
11
11

d.

F rJ

June

6
6
6
5
5
5
5
5
5
5

d.

d.

17
14
10
97
55
25
15
12
11
11

6
6
6
5
5
5
5
5
5
5

18
14
10
90
53
23
13
10
09
09

6
6
6
5
5
5
5
5
5
5

T u es.

YO B S.

W ed.

T h u rs.

P r t.

NO. S m ixed In e le v ........
H oli- 39%
39%
39%
40
40%
Sfo. 8 w h ite in ® le v .....
day. 42%
42%
42%
43
43%
0
DAILY CLOSING PRICES OF 190. 2 OSIXBD OATS IH C M I C A f i O
Ju ly d e liv e ry in e3ev___
Sept, d elivery in e l e v .. . .
Deo. d elivery in e l e v .. . .

Bat.

X on.

H olid a ys.

T u es

343a
32
32%

W ed .

S h u r t.

Wrl.

34%
32
32%

85%
32 %
33

36 %
32%
33%

FLOU R .

12% 4 12% 4 12% 4
P. M. P.M. P.M. P.M. P.M. P.M.
d.

J u n e ..............
J u n e -J u ly ...
J u ly -A u g . . .
A n g .-S e p t...
S e p t.-O ct....
O ct. N o v .. . .
N o v .-D e e ....
D eo.-J a n ___
J a n .-F e b ___
F eb-.M eh. ..
Mnh.-Ai>ril.
A p r il-M a y ..

TSam rs.
June 4

M on .

4%
4 % 48
7
7
%

Follow ing are the closing quotations:

f h e prices o f fu tu re s a t L iv erp o o l fo r each d ay are g iv e t
below , P rices are o h th e basis o f U p la n d s, G ood Ordinary
clause, u n less o th erw ise s t a t e d ,

May 30

4%
5

Bat

S te a d y ai S te a d y at S te a d y at
1@8 pts. 8 ® 4 pts. 2 @ 3 ptg.
ad van ce.
d e c lin e .
d e c lin e .

■
■
■
*

M a rk et, {
4 P . M. j

5%
4

D A IL Y CLOSING PRIDES 0 3 OATS IH N E W

•
i

M ark et i
open ed, j

5
7

19
15
11
97
54
24
14
11
10
10

nj
Pi

Fine...™
...
® ....
P a ten t, w i n t e r . . . . S3 9 0 © 4 15
Superfine,
, ... $ 2 SO ® 2 85
C ity m ills , p a te n t. 4 60 ©4 95
2 90 ® 2 95
SSxtra, N o. 2 . . .
R y e flou r,superfin e 2 75 © 3 50
txtra. N o, X . . .
3 05 © 3 15
B u ck w h ea t flo u r ..
N om inal
Olears..™ .
3 25 © 3 60
C orn m eal—
8 .6 5 © 4 10
Straights...
W e s t e r n ,e t c ..
3 00 © 3 05
Patent, s p rin g .. . . 4 25 © 4 95
B ra n d y w in e
3 10
»
(W h eat flou r in ra ck s sells a t p r ic e s b e lo w th o s e l o r ba rrels.)
GRAIN.

Wheat, p er bu sh —
c.
c.
H ard D uL, N o. 1 „
f . o. b.8 2 %
N’ thern D u l., No. I f. o. b.90%
Red w in ter. N o. M 1. o. b.8 5%
N ort’n DuL N o . 2. 1. o. b.89%
Oats—M ix’ d ,p .b u s h . 40 © 4 2 %
% © 46
W h it e ..............« . . .
No. 2 m i x e d .........„ 4G % ® 41%
No. 3 w h it e ...___ 4 3 % » 4 4 %

4
0

Corn, per bush.—
e.
*.
Western mixed......... 56%« 60

N o. 2 mixed -------N o. 2 y e l l o w .. . ........
N o. 2 w h it e - ..........™
R y e, p er b u s h -

f. o. b.57%
f. o. b.58
i. o. b.58

western...™....___—
53

60

S tate and J e r s e y .. . . . . 5 6 % * 5 7 %

Barley—
West........... ..52% ®61
F e e d in g ..................... . . . . 4 5

© 52

E x p o rts o f G rain and F lo u r from Pacific Ports.—The
exports of grain and flour from Pacific ports for the week
ending June 5, as received by telegraph, have been
as
follow s: From San Francisco, June 4, to China and Japan,
48,000 th is, of flour.
Com bining these figures w ith those for previous weeks, we
have the follow ing, which covers the exports to foreign
countries for the period since July 1, 1902.
Exports
Flour, Wheat,
Corn,
Oats, Barley,
Bye,
fro m —
bbls. bush.
bush.
bush. bush.
bush.

BREADSTUFFS,

F r i d a y , June 5, 1903.
Business has been m oderately active in the m arket for
w heat flour. Jobbers quite generally have allowed their • San F ra n .
84 1,75 4 8,4 19,09 3
38,466
11,193 6,263,748 2 1 5 ,1 0 7
stocks to be reduced to a low point, and as a consequence
Puget 8’ d . l , 72 0,08 6 8,148,84 6
10,618
822,943 223,841
25
117,728 974,034
..........
.........
latterly they have been better buyers. The choice grades of Portland.. 6 9 4,43 5 8 ,0 99,27 0
spring patents especially have received increased attention
T ota l . ..3 ,2 5 6 ,2 7 5 24,667,209
4 9 ,084 951,869 7,461,623 2 1 5.13 2
from buyers, and w ith the improved demand m ills have been
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. James Berry,
advancing their lim its. W in ter-w h eat flours have been re­
Chief o f the Clim ate and Crop Division of the U . S. W eath er
ported more firm ly held. R ye flour has been in fair jobbing
Bureau, made public on Tuesday the telegraphic reports on
demand and steady. Corn m eal has been firm but quiet.
the grain crops in the various States for the week ending
Speculation in wheat for future delivery has been more
June 1 as follow s :
active and prices have advanced. E arly in the week the
C n .—W et
has cau sed
er
In co
la
g In
m arket was not influenced to any extent by the floods in the the o r issouri anw eath er M ississippi v fu rths, wdela y m u chrn f p th n tin o rk
M
d u p p er
a lley
here
o
is w
Southwest. On Thursday, how ever, the m arket took a de­ is unfinished, and the early-p la n ted is becom in g w eedy. In th e east­
cided turn for the better, prices for the day advancing sharp­ ern p ortion o f K ansas and Nebraska and in Io w a , c o rn fields h ave been
ly. T he crop reports from the southwestern section of the •badly w ash ed o u t and m uch rep la n tin g w ill be n ecessary. In I o w a
the a creage w ill b e m a teria lly reduced. In Illin ois plantin g is p ra c­
w heat-belt were of a discouraging character, it being tica lly finished and an e x ce lle n t stand atta ined . I n the centra l and
claim ed that, ow ing to the excessive rains and floods, the u p p er O hio V a lley pla n tin g is also d ela yed an d ea rly fields in som e
yield o f the crop w ill fa ll considerably short o f recent p ortion s are suffering fo r cu ltiv a tion . In th e Southern States corn
has ex perien ced a v e ry fa vora b le w eek and is la rg ely laid by.
expectations. Based on the less favorable crop reports,
W in t e r W h e a t .—W in ter w heat on lo w la nds in the eastern p ortion s
speculative buying both to cover short sales and for invest­ o f K ansas and N ebraska and N orth w estern M issouri has sustained in ­
m ent account becam e -fairly general. Offsetting, how ever, ju ry fro m floods, b u t on the w h ole the orop has m ade sa tisfa cto ry ad­
to some extent the les3 favorable reports o f the outlook for v an cem en t, an im provem en t b ein g gen era lly in d ica te d In the O hio
V a lley, Lake region and M iddle A tla n tic States. H a rv estin g is gen ­
the w inter-w heat crop have been the advices received from eral in T ex a s and has begun in A rkansas and N orth Carolina. W inter
the Northw est saying that the spring-wheat crop is progress­ w h ea t has m ade slow g row th in W ashington and O regon, and the
ing favorably. T he spot m arket has Deen firmer but quiet. fields in the eastern p ortion o f O regon are unusually w eedy. In Cal­
iforn ia the ou tlook is n o t p rom isin g and m u ch la te w h ea t is being
T o-day the m arket was fairly active, closing slightly lower ou t fo r hay.
under profit-taking sales. The spot m arket was quiet and
Sp r in g W h e a t .—In N ebraska, the D akotas an dN orth ern M inn esota
spring w h ea t has m ade sp lend id progress, b a t in Southern M in n esota,
easier,
D A IL Y CLOSING PRICES OF NO. 2 R E D W IN TE R W HEAT IN N E W Y O R K .

Bat.
Cash w h ea t f . o. b ...............
J u ly delivery in e le v ........
Sept, d elivery In e le v ....
D e c. delivery in e le v ___

H oliday.

Mott.
85
80%
77%
78

Tu.es.

W ed.

Thurs.

Tri.

86
8C%
77%
78%

86
80%
77%
77%

86
81%
78%
79%

85 %
81%
78 %
79

W iscon sin and Iow a , the orop on low la n d s has suffered m u ch fro m
h ea v y rains. In W ashington an d Ida h o the orop is grea tly im p roved .
O a t s .—On lo w lands in the lo w e r M issouri and u p p er M ississippi
v a lle y s oats h ave suffered fr o m h ea v y rains, b a t on the w h ole the cro p
has d on e w ell, and in the Ohio V a lley a gen eral im p ro v e m e n t is re­
ported. In New Y ork and P en n sylva n ia the ou tlook is n ot prom isin g.
H arvestin g has begun in T ex a s.

1259

THE CHRONICLE.

June 6, 1908.]

d
e
THE DRY GOODS TRADE.
T he m ovem en t o f breadstuff's to m a rk e t as In icated Inth
statem ents b e lo w is p rep a red b y ns fr o m fig u res collected
N * w Y o r k , F r id a y , P. M ., June 5, 1903,
b y the New Y o rk P roduoe E xoh an ge. The receip ts »t
W estern lake and river ports fo r the 'w eek en d in g May 80,
There has been no noticeable expansion in the dem and for
and sin ce A u g . 1, for each o f th e last th re e years have b ea u : cotton goods on the part o f the hom e trade duriDg the past
week, and large buyers for export still keep out o f the m ar­
B a r le y .
O ats.
B ye.
C yrn .
F lo u r .
TT a
V w i.
B e to ip ts a t —
ket. In spite o f this the tendency o f prices con tin u es up­
B bls.tbtU bs B u s) 1.00 lbs B u s k .M lb s B usK .32 lbs B u s h t t i lbs B u . 50 lbs
211,300
120,902
222.976 1,011,175 1,393.000
23,800 wards and a num ber o f quotations have been advanced in
Chicago.......
143.000
10,950
121,000
70,200
19.200 both plain and colored goods. A s was the case last week,
08,775
Milwaukee.
71,006
15,956
........
8,865
95,000
BBlnlh.......
21,120
20.200
3,190 som e o f these advances are purely arbitrary, that is, there is
064,000
90,800
Minneapolis
64,700
284,000
800 no bu yin g to support them. In others, business has been
60 000
25,000
41,C O
O
14.00J
2.000
•etrolt.......
done fo r im m ediate needs. The indifference o f sellers really
1,400 . . . . . .
87,787
118,010
113,651
15 983
Olereland...
9,000
424,500
6,414 outranks the conservatism o f buyers. The latter in sem e
194,400
160,250
*0 455
St. LoaK ....
800 instances w ou ld be w illin g to place fo rw a rd con tracts at
404,000
10,900
183,800
4,000
7,800
Peoria.........
72,000
382,400
217,600
t u r n CUy.
prices prevailing a w eek ago; the form er are generally dis­
380.400
01.759 inclined to book con tracts at the general run o f to-day’s
Vot.wk.1903
351.765 1,083,380 8,263.821 8,281,412
189,910
31.810
395,031 1,486.831 1.782,928 3,055,003
Same wk.03
prices. There has thus been no relief to the strained con d i­
149,010
87,072
841,331 2,720,659 6,233,258 4,107.913
Ssm« wk.’O
i.
tion w h ich has existed so lon g. The G overn m en t crop reports
S in c e A U i. 1.
17386,704 220.409,342180.132,465 101.144,470 51,862.881 9,620,288 show ing the unprecedentedly lo w con d ition o f 74T fo r a June
1*02-03.........
17.970 412 207 640 219107,048,276 120,839,804 29,040.370 4,815.470 report, and the continued strength o f the raw cotton m ar­
1801-02.......
16.923,553 201,256.486 VU.501.S16 147,980.485 28.2i7.230 8,“42,251 ket, are to some exten t offset by the reports of distribu tion
1900-01.
o f cotton goods in the interior being affected b y floods in
T h e receipts o f flour and gra in at the sea b oa rd ports cu some sections, by prolonged drou gh t in others and by the
the w eek ended M ay SO, 1903, fo llo w :
general labor disturbances. In con n ection w ith the latter,
Berio?
Oere.
0«tl,
B et
Pi o u r ,
(Phial,
the m ost im portant developm ents in the textile industry has
hu -ib .
hhl *
b u s t i.
b u sh
at —
22.250 60,060 been the strike at Philadelphia affectin g about 100,000 opera­
042,600 408 800
N«w York.......... .... 128.779 845,375
2,000
63 414 121,318
Bolton.............. ...... 16,251 291,600
38.701 07,958 tives. This trou ble m ay not, how ever, be o f lon g du ration ,
34.851
237,808
22 101 883,308
Montreal..........
3,200
4«,92l
41,783
300,065
and m eantim e the L ow ell m ills have re-started and appear to
Philadelphia.,...
19,703
11,543
13,739 127.480
Baltimore ..... .
19,252
24,890
1.530 be ‘ ‘ w inning o u t” against the strikers there.
43,064
806
Richmond........
22,000
07.700
31,000
7,25'
M Orleans... ......
ew
D omestic C otton G ood s .— The exports o f cotton good s
........
6,000
1,071
Newport Newi..
104,000
from this port fo r tbe w eek ending June 1 w ere 2,742
Qaireiton...
40,342
863,200
2 700
.......... packages, valued at $161,593, their destination being to the
010
Mobile.............. ......
209,041 117,318
points specified in the tables below :
_
Total week.. ..... 313,042 8,140,213 1,287,827
330,077 2.442.133 300,318
Week 1002.. .

00,2lt 179,807
34,730 68,403

705,389
733,570

T otal receip ts at ports fr o m Jan. 1 to May 30 com pare as
fo llow s fo r fo n r years:

Haw Y o rk to J une 1.

Great B rita in ......
...
Other (European.
.....
35 189 233 China.... ....... ......
Wheat...................... buah. 30,763,640
78,366 378
Corn........................... " 66,0:12.534
h r s i b l a ....................
29.168,323
Oat*........................
‘
22.153.91H
6,154,: 62 Alrlch— . . . . . . . ________
Barley....................... ” 1,(157.473
1,203 610 West Indies...... .......... ....
Rye............................ • 2.157,070
•
M e x i c o . ....
Total Brain.......
• 121.009,052
•
70.643,558 161,506,069160,081.701 Amerloa...._____ __
Central
T he exports from the several seaboard p orts fo r the wees South A m erica ......... .. OtherOoantrle*.. . . . -------sliding M ay 80, 1908, are sh ow n in the annexed statem ent;
jtrin
P ea t.
Oats,
an*,
Oirn,
F lo u r .
Wkies.
T otal................ .—
£* *
* /» ■
't n th
b u sh
b u sh .
b it s .
E x p o r t s f r o m ~ b u sh .
b u sh
B * c * ip t 0} —

flour......................... bbll.

New York......
Boiton...........
Portland, Me.,
Philadelphia. .
Baltimore......
New Orleans..
Bewn’rt New*
Montreal.......
Salreiton......
Mobile...........

1903,
8,583,031

709,088 606.097
201,301 136,211
308,200
000
291,(00
50,000 227,741
10,081
318 004
6,000
844,790 64,251
331,160
200,041 117,818

1902.
8,376,784

23,220
99.430
31,221
40,342
2,700
120
04,147
000
76,609
55
35,048
1,071 ....
19,201
69,045
8,283 ..........
010 .... . e

Total woeh. 8,334,310 1,111,809 372,184
44 899 254,833
Same time ’08., 2,672,715

1901.
8,9=9,608
49,390 043
70,316.646
37.189 904
2,615,410
1,433.962

124,119

3,727
19,909

61,427

......

110,918
........ ....... .
.......
....... .

89,537 892,434
331,500 180,824

23,533
28,111

1900.
9,075 640

..........
20,213

.. ..

....

37,815
28,019

M a y 80
1, 1902. M a y 30.
1902.
1,1902.
w e ek and s in e s
M a y 30.
bush.
b u sh .
bu sh
b u sh .
bush
bble.
J u ly 1 to—
bbLs.
Onltea Kingdom £35,862 9,603,076 2,078,704 63,232 014 443,180 31,780,817
Continent.......... 70,1 u 3,622,410 1,388.815 47,615,236 040,311 31,083,082
30,028
70S
106,384
10,819
911.642
8. M 0. Amerloa. 81.644
083
£1,500 703.804
412
Weit Indies...... 24 034 1,161,03d
110 231.052
1,600
176,085
Br.N.Am. Colo’i
2.218
702 1,403,900
18.000 1,758,139
852,020
Other oo antries 2,413
Tote'.............. 872,18* 16,31.7,474 8,331,310 112,587,178 1,111,889 00,038,099
Total 1901-02.... 254,838 13,751.831 2,672,715 138,038,674
44,899 24,686 612

T he visible supply o f gra ln ; com prisin g the stock s u
granary at the principal points o f accu m u lation at lake anc
seaboard p orts, M ay 80, 1903, w as as fo llo w s :
(Jena*
Oats.
Affl.
if ken .
C orn ,
su sk .

5S0.003
23,001.'
20,000
184,000
214,000

fe iflb,
v
670
9 000
13,000
230, J 0
C
234.000

btt*'
76.000
8,000

1,000
82,000

h u sh .

76.n
or
20,000
1,000

215.000
5,000
1,132,000
....
277, J-t

29,000

59,000

135,000

452,000

10.000

12,000
378,000

9,000

485,000
214,300

4,000

150 010

1,000

55.000

71,000
i'3,odc
13,000

1*09,00'
3,000

40 000
460.900
333,000
7,000
1,235,000

825 000
9.000
84,000
88,C O
O
... ....
102,000
39.000
71,000
130,000
2l.ono
04,000
....
33,000
1,424,000
809,000
17,000
251,000
4.880.000 4,802,000
4,390,000 5,439.000
4,227,0U
0 3,056.O O
C
10 418,000 11,218,000
18,378,000 7,041,000

9,000

30,000
2,008

2,000
......

28.00C

IIMim

24,000
180,000
30,000
1,072.000
980,00)
1,162.O O 1.000,000
C
580,oor
752,000
822 001
743,000
1,051,000
810,000

* K a n s a s C it y —L a s t w e e k ’ s s t o c k s ; th is w e e k ’ s n o t r e c e iv e d .

Since J an .l

We&h. Mince fu n . i .

t>93
l :-6
289
1,419
72

21

1,070
691
99,845
5,974
17,903
4,474
13,768
1,278
5 160
27,348
4,447

150
767
229
335
9
76
371
42

1,187
609
57,770
8,496
10,491
4.737
10,746
1,095
3 432
21,392
5,661

2,742

181,958

2,075

125,616

30
82

........

81
15

8,402

The destination o f these exp orts fo r the w eek an d Bine
July 1, 1902, is as b e lo w :
—
,------- W h e a t . -------- , ,-------- Corn,—
-----■Flour.W e e k Stnea J u l y
W eek
S in e * J u 1*
W e e k S in c e J u ly
E x p o rts fo r

l u s t e r s a »—
1,215.0C
0
New York........... .
40,000
Do afloat........
Boiton...................... 4S4,j>,0
211,->00
Philadelphia..........
160.O t
U
Baltimore............. ..
008,ooc
New orleani..
Salve*ton ................ 1,419,000
247,000
Montreal.............. .
20,'JO
t
Toronto........... ......
■uflalo..................... 1,308.005
Do afloat........
283,000
Toledo .............. .....
Do afloat.,,....
218.J C
0
Betrolt.................
•.
.
Do afloat........
4,378,000
Chisago..........
Do afloat......
Milwaukee,.............. 512,000
FkWUl’mAPt. Arthur 2.138,000
Bui nth..................... 2,193,000
Do afloat.......
Mltmeapolia............ . 0 986.000
, 319,300
St. Lonli......„
Do afloat......
882.000
KaniaiClti*.........
81.000
178.000
Indlanapolli............
On Miiiiiiippi Hirer
On Lakes................. , 317,000
Ob oanai and rlrer.. . 424,000
Total May 80, 1903.. 24.60S,000
o
Totm May 28. 1003.. 27,202,o O
Total May 31, 1902.. 28.004,000
Total June 1.1001.. 36 934,000
June 2, 1900.. 44.7O3.000

1903.

1,903.
Wank

The v a lu e o f th ese N e w Y o r k e x p o r t s sin ce Jan. 1 to date
has been $7,666,681 in 1903, a g a in st $5,745,244 in 1902,
In heavy brow n sh eetin gs and drills there are sellers w h o
refuse to book forw a rd business at prevailing prices to the
hom e trade, although if there were an exp ort demand it w ou ld
probably be m et to som e extent on current basis, as th ere
are some stocks o f exp ort grades unsold. H om e business is
indifferent in heavy-w eights, b u t there is a fair dem and for
flue yarn goods fo r con vertin g purposes. The coarse, colored
goods division show s continued strength and advances in
prices have been quoted in tickin gs, plaids, cheviots and
other descriptions; the dem and keeps ahead o f cu rren t sup­
plies. B leached cottons are w ell sold up, w ith a steady de­
m and, and th* tendency o f the m arket is ' against buyers in
all grades. W id e sheetings are very firm ly held at late ad­
vanced prices, as are sheets and p illo w cases. C otton flan­
nels and blankets are in quiet request at fu ll prices. K id finished cam brios firm b u t quiet. A dvances o f }£ c. per yard
have been m ade in som e lines o f m ourning prints, and the
tone o f staple prints generally is firm . The dem and has been
on a fair scale, w ith a m arket ligh tly supplied. F a n cy prin ts
and fine printed fabrics have been in qu iet request. Supplies
o f staple and fine gingham s con tin u e ligh t and prices very
firm. Print cloths are strong fo r both regulars and odds, w ith
a fa ir dem and fo r the latter. R egulars quoted at SJ^c.
W oolen G oods .— Business in m en’s-w ear w o o len
and
w orsted fa b rics in heavy-w eights has been on a m oderate
scale again this week and n ot o f a ch aracter to reassure
sellers, who have so far failed to secure a satisfactory am ou n t
o f business. The supplem entary dem and is slow er in de­
veloping than has been cou nted upon and the in d ica tion s fu r­
nished by it so fa r sh ow that the re orders yet to c o m e fo r­
ward are n ot likely to be large enough nor diversified en ough
to bring adequate relief to quarters where it is m ost needed.
W ell sold lines are getting tne best o f the business com in g
forw ard , w hile lines w h ich did p oorly in the initial business
are in no greater favor n ow than then. T his keeps the m ar­
ket in quite an irregular condition and on the w h ole an un­
satisfactory one. In overcoatings and cloakings the situation
is m uch the same as o f late, a quiet business passing w ith o u t
m aterial change in prices. It is reported that som e n ew lines
o f light-w eight woolens fo r n ext spring have been sh ow n , but
no im portant m ovem ent has been made as yet fo r n e x t sea­
son. T he dress goods m arket has ruled qu iet in all d ep art­
ments and w ith ou t new feature o f m om ent.
F oreign D r y G oods .—The market fo r all kinds o f im ported
dry goods has ruled quiet this week. Dress goods are firm ,
with a tendency tow ards higher prices, Silks and rib b on s
are steady, Linens quiet and firm and burlaps steady.

1260

T H E

C H R O N IC L E

TATS
’i k e (Chronicle.
P U B L IS H E D W E E K L Y .

Terms o f Subscription—Payable in Advance:
F or One Y ear, In clu din g all Su p p l e m e n t s .........................................$10 00
F or S ix M onths..............................................................................................
6 00
E u rop ean S ubscription (inclu din g p o s t a g e )....................................... 13 00
7 50
E u ropean S ubscription Six M onths (in clu din g p o s t a g e )................

[V o l . L X X V I.

was a too low interest rate in the bonds. This applies
to the 3^ per cents offered by such places as Minneap­
olis, Minn.; Toledo, Ohio; Norwalk, Conn.; Syracuse,
N. Y ., and the 4 per cent bonds offered by Seattle,
Wash.; Flint, Mich.; Homestead, Pa., and Hillsbor­
ough County, Fla. The following furnishes a list of
the places which failed to sell their offerings— either
no bids at all being received or the bids being re­
dacted.
B O N D S F O R W H IC H NO B ID S R E C E IV E D O R B ID S R E J E C T E D .

T he I n v e sto r s ’ S u p ple m e n t is fu rn ish ed w ithout extra charge to
e v e ry annual su bscriber o f th e C o m m e r c ia l a n d F in a n c ia l C h r o n ic l e .
T he S ta te an d Cit y S u p ple m e n t Is also furnished w ithout extra
charge to ev ery su bscriber o f the C h r o n ic l e .
T he St r e e t R a i l w a y S u p ple m e n t is lik ew ise furnished without
extra charge to ev ery su bscriber o f the C h r o n ic l e .
T he B a n k a n d Q u o ta tio n S u p p l e m e n t , issued m on th ly, is also fu r­
nished without extra charge to e v e ry su bscriber o f the C h r o n ic l e .

Terms o f Advertising—(P er Inch Space).
T ransient m atter (each tim e) $4 20
S T A N D IN G BUSINESS CARDS.
T w o M onths (8 tim es)........... $22 00

T hree M onths (13 times)
Six M onths
(26 times)
T w elv e M on hs (52 tim es)

.$29 00
. 50 00
. 87 00

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 tr e e t, c o r n e r o f P e a r l S tre e t,
P ost O f f ic e B o x 958.
NEW YO RK .

Afton School. Iowa........ 5
5,000
Allegan, M ich................. 4
4,000
Ashtabula School, Ohio.. 4
12.000
Bayunue. N. J ....................
ga.ooo
Birnamwood, Wls
...........
5,000
Bourbon Co.. Ky............ 4
130.000
Cohoes. N. Y ....... ............... 3M 39,000
Colorado Springs, Colo.........
409,000
Durango. Colo........................
105,500
E. Waterloo School, Iowa. 4
12,0<0
Flint, Mich..................... . 4
82.000
Hillsborough Co., Fla......4
t350,0t:0
Homestead. Pa___ _
. 4
154,000
Indianapolis School. Ind.. 314 *50,000
Kalamazoo, M icb.............. 314 100,> C
O
H
.00O
Kiester, Minu.................... 5
Latrobe. Pa
.............. 414 17,600
Lewis Co., Wash....................
b.O U
O

Minneapolis. Minn.......... 314 815,000
Newourgh. N. Y ............ 45,000
Newport News, V a ........... 4
56,000
Norwalk, Conn.................. 314 80,000
Oliver C o. N. Dak............. 4
3,000
Pine Island, Minn..................
4,000
Plymouth, Mien.................. 4
12,500
Sanoussy, Ohio.................. 4
8,000
Seattle. Wash .................. 4
590,000
Smithvilie, Va ................. 5
5,000
South Stillwater, Minn_ 6
_
23,000
Sulsun, C a l........................ 6
25,000
Syracuse. N. Y .................. 314 171,000
Tarentum. P a .................... . 4
7,000
Trenton. N. J ..................... 314 64.535
Toledo. Ohio
............... 314 497.000
VenaDgo Co., Pa .............. 314 120,000
Wharton School, N, J ...... 4>4
6,000

* Represents unsold portion of a $250,O O issue. + Represents unsold portion
C
o f a $400,001) issue.

In the following table we give the prices which were
paid for May loans to the amount of $13,050,4=77,
I ndex.
issued by 160 municipalities. The aggregate of sales
An index to all the news matter appearing in this Depart­
ment for the period from Jan. 3, 1903, to March 28, 1903, in­ for which no price has been reported is $3,634,250, and
clusive, was published in the C h r o n i c l e of April 4, 1903, the total bond Bales for the month $16,584,727. In
pages 774, 775 and 776.
the case of each loan reference is made to the page of
the C hronicle where a full account of sale is given.
MUNICIPAL BOND SALES IN M AT.
M a t B o n d 8 a l e 6.
The municipal bond market in May, aided by more
favorable money conditions, improved somewhat over
the preceding months, but not to any marked extent.
Offerings continued very numerous, though quite
a number of municipalities failed to obtain satisfac­
tory bids. Nevertheless, aggregate disposals were
large, being six millions above the average sales for
May of the previous eleven years.
According to our records, the awards made during
the month reached $16,684,727, not including over
three millions of temporary loans. These figures com­
pare with $14,962,070, the April 1903 aggregate, and
with $20,966,404 for May 1902, in which latter
month, however, nearly 8 million Cincinnati South­
ern refunding bonds put out by Cincinnati formed part
of the total.
The number of municipalities em itting bonds and
the number of separate issues made during May
1903 were 175 and 245, respectively. This contrasts
with 160 and 257 for April 1903 and with 202 and
247 for May 1902.
New York City's disposals of corporate stock for the
month reached $4,030,972 26, including $1,030,972 26
taken by the city’s sinking fund at par. The $3,000,000 3£ per cent stock sold at public sale on May 12
went, as usual, to a number of parties, the greater
portion, however, being absorbed by Haivey Fisk &
Sons of New York City. The average price received
for the bonds was 104'327, the basie of sale being 3-32
per cent. This is an improvement over the basis of
the sale in April, when 3 ’364 per cent was the best
average rate at which the city was able to borrow.
Memphis, Tenn., on May 29, sold $1,250,000 4 per
cent water bonds to local banks and bankers at
100 064. Besides the above, we include in our month’s
total three millions of 3£ per cent Massachusetts
bonds, awarded at private sale to Estabrook & Co. and
It. L. Day & Co. and Merrill, Oldham & Co., Boston.
As stated above, many places offering their bonds
failed to dispose of them, either through lack of bids
or unsatisfactory offers. In most instances the cause

Page.
Name.
R ate.
M a tu rity .
1 1 5 4 .. A kron , O hio............... 5
1904-1906
1046 A la m a n ce C o., N. C ... 5
1933
1 2 0 8 .. A lban y (Mo.) Soh. Dis. 6
1 2 6 1 .. A lb e rt L ea (M inn.)
8 ch. D lst......................„ 4
1912-1917
1 0 9 9 .. A lex a n d ria B a y, N. Y .
(2is8U .es)..................... 4
1933
1 2 6 1 .. A llegh en y, P a .............. 4
1908
1 0 9 9 .. A n d erson , S. C......... 5
1933
1 2 6 1 .. A u d u b on (Iow a ) 8 oh.
D lst.................................
tl9 0 8 1913
1923
1 2 6 1 .. B aker C ity. O re.(2 Is.) 5
1 2 0 8 .. B angor, M loh............ 4 Lb
1928
1 2 0 8 .. B a n gor, M ich..........
4^
1922
1 2 0 8 .. B eatrice. N eb........... 4
tl9 0 8 -1 9 1 8
1 1 5 4 .. B ellefon taln e (O.)Seh.
D i e t ............................... 4
1904-1907
1 2 0 8 .. B exa r Co.. T e x a s.... 3
tl9 0 8 -1 9 4 3
1 0 9 9 .. Bis h op v llle (S. C.)Soh.
1923
D iet......... .................... 5
1 0 9 9 .. B laokhaw k Co., l a _ 4
tl9 0 8 -1 9 1 3
1 0 9 9 .. B loom field (la.-) Soh.
11908-1913
D l s t ............................... 4 is
1 1 5 4 .. B o liv a r (M o.) S ch .D is. 4 1
® ..................
1 2 0 8 .. B oon e Co , I o w a ......... 4&5
..................
1 2 6 2 .. B oston, M ass. (3 is .).. 3 ^
1923
1 2 6 2 .. B oston . M ass................ 3%
1922
1 0 4 7 .. B rooton, N. Y .............. 4
1908-1923
l) 5 4 ..B r o n s w lo k Co., N. C .. 5
1923
1 0 9 9 .. B uffalo, N. Y ................ 3*2
1904 1923
1 2 0 8 .. B uffalo, N Y . (2 I s .).. 3*3
1923
1 2 0 8 .. B uffalo, N. Y ............. 3*2
1923
1 2 6 2 .. C a lh ou u C o., I o w a _ 6
1904-1905
1 1 5 4 .. Cam den, N. J ........... 4
1933
1 2 0 8 .. Cana]'oharle, N. Y _ 31516 1904 1927
1 2 0 8 .. C anton, C onn ........... 4
1923
1 2 6 Z ..C arth age, T e n n ........... 5
..................
1 2 6 2 .. C enterville (la.) Ind.
Sch. D lst........................ 4is
11908-1913
1 2 6 2 .. C entral C o v ln cto n .K y 5
11913-1923
1 2 6 2 .. C harlotte, N. 0 ......... 4^3
1923
1 1 0 0 .. C harlottesville, V a ... 4
11913-1943
1 2 6 2 .. Chester, W . V a ......... 5
U 913-19S 7
1 1 0 0 .. C incinnati, O h io ....» 4
1923
1 1 0 0 .. C incinnati, O h io...... 4
1933
..................
1 1 0 0 .. Cincinnati, O h io ...... 4
1 2 6 2 .. C incinnati, O. (5 i s .) .. 4
..................
1 2 0 s..C le v e la n d . O hio........... 4
1918
1 1 0 0 .. C oloradoSprlD gs. Col. 6
1904-1913
1 2 6 2 .. C olum bus, O. ( S is .).. 4& 4i$ ..................
1100. C om an che C o., T e x ..........
..................
1 2 0 8 .. Corinth. N. Y ............ 4ki
1908-1932
1 1 5 5 .. Cotton w ood
(Minn.)
Soh. D ist. No. 57....... 5
11913-1918
1 2 6 2 .. C oven try Tw p. School
1904
D ist., O h io .................. 6
1923
1 1 0 0 .. C row W in g Co.. Minn. 4
i 1913-1943
126-2..D allas Co.. T e x a s .. .. . 8
1 1 0 0 .. D ea d w ood (S. D.) Soh.
D ist.......... ..................... 5
1908
1155. Defiance (O ) Soh. Dis. 4 ^
1908-1922
1 1 0 0 .. D ick in son (N .D .) Soh.
D ist................................ 4
..................
1 2 6 2 .. D ieter, M in n ............. 6
1918
1 0 4 7 .. D illon, M o n t............. 5
tl9 l3 -1 9 2 3
12C 8 .. Duluth, M inn.............. 4
1933
1 2 0 9 .. E ast L iv erp ool, Ohio,
(8 Issu es)..................... 6
..................
1101 .E lw o o d , In d .................. 5
..................
1 2 0 3 . . E van gelin e ( M i c h . )
Sch. D is t.....................
5
..................
1 1 0 1 .. F a irfa x S c h .D is t,Cal. 6
1909-1913
1 2 0 9 .. Farm ington T w p ., O .. 6
1904-1910
1 1 5 5 .. F in dlay (O.) Soh. D is. 4
1917-1923
12 6 2 . . F o rt M organ, C o lo -- 5Lj
1913-1918
1 0 4 7 .. F oster T w p. Soh. D is.,
P a ................................... 6
1907-1903

A m o u n t.
$3,000
50,000
8,000
20,000

P r ic e .
100-216
104-72
103-75
100

70.000 101-50
5 ,3 o2 UK O
40.000 102-25
20,500 100-61
58,000 100-375
15,000<
1 0 ,0 0 0 ) 1102-42
6,600 ' 100
4,000
115,000

100-25
100

7,000
60,000

100 30
100138

21,000 100

8 .0 0 0 ;io o
25.000 101-428

100,000

5,200
10.000
12.000
100.000
233,620
150,203
5.000
75.000
36.000
20.000
50.000

100

100
10050
104-541
100-33
100
100-113
100
107-82
100
103-50
100

7.000
30.000
100.000
70.000
22.000

101-07
106
103
100
100-50
1 0 .0 0 0 m o o
18,500 m o o
74,85 / mOO
23,805 mOO
100.000 103 09
21,708 100
357,00011100
30.000 100
25.000 103-02
17.000 100-588
4,500 100-111
15,0f>0 101-40
500,000 100
34.000 100
15.000 1102-766
15.000

100

6 ,0 0 0

100

65 .0 0 0
40.000

107
100

32,701
45.000

100-61
109

17.000
2.500
6.500
27.0 0 0
4 0 .0 0 0

103-53
111-36
105-23
98-52
95

2,000

102-50

J une 6, 1903.J
M a tu rity.
N am e.
Rate.
11908-1923 '
1 2 0 9 .. F ulton (M o.)8ob. Diet. 4 ^
1 1 0 1 -.G a rd en G rov e (Iow a )
Hoh. D ist, No. 1.......... 5
1 1 5 5 .. G eneva, S. Y. (3 is .).. 3 ^ & 4 ..................
1 1 5 5 .. G eyservl)le (Cal.) Soh.
1004-1913
D ist................................. 5
1 2 6 2 ..G ilm er (Texas) Soh.
H 908-1923
4
H ist........... ................
1933
1 1 5 5 ..G la s s p o it, Pa............... 4
1904-1907
1101. Glens Falls, N. , ........ 4ig
1908-1934
10 4 7 ..G rafton , W. V a............
1904-1923
1 2 6 3 ..G reen B ay, W ls........... 4
1908-1929
4
x 1 0 1 .. Green port, N. Y
1 2 6 3 ..H illsb orou g h C o ., F la. 4
1904-1912
1101 .H o lle y , N. Y ................ 4
1901-1913
1 0 1 7 .. H udson Co., N. J ....... 4
1 1 0 1 .. H u n tin gton , I n d ...... 5
1 2 0 9 .. 1daho Falls (Ida.)8oh .
U 913-1923
4^
Diet. No. 1 ................ ..
1908 1930
1 1 5 5 .. 1110n, N. Y .................. 4
1 2 0 9 .. 1ndianapolis ( I n d . )
1931-1935
*ch H ist....................... 3ia
1904-1909
1 1 5 5 ..Iro n to n , Ohio (2 1s ) . . 4
1919
1 2 0 7 ..Jack son , M loh............. 4
1904-1923
1 1 5 5 .. Jaokson, M iss.............. 5
1905-1912
104H...Jasper Co.. In d ........... 5
1 1 0 1 ..Jefferson C ity (M o.)
H 908-1923
8oh. H i s t ...................... 4
1932
1263. .Jersey C ity, N. J ........ 4
1932
1048.. Jersey C ity, N. J _____ 4
1913-1933
1 0 4 8 .. L ackaw an na Co., P a . 4
1 0 4 8 .. L ak ew ood H a m l e t
1904-1923
8ch. D lst., O h io ......... 41*
1101. .L an sd ow n e, Pa. (3 Is.) 4
1 1 0 1 ..L e Grand Soh. Dlst.
1904-1919
C a l.................................. 5
1924-1933
1 2 1 0 ..L ig o n ie r(P a .)8 ch .D ls. 4
1 2 1 0 ..L im a (O.) Soh. D ls t... 5
.......
1 2 1 0 ..L ln o o ln , N eb ................ 4
1904-1913
1048. Lisbon. Ohio .............. 5
t l9 2 3 -l 933
1 2 1 0 ..L u m b erton , N. C ....... 6
1908-1927
11 0 1 ..M a m a ron eck , N. Y . . . 4
1908-1912
1210 M arlon, In d .................. 4
1904-1913
1 2 6 3 .. M arlon, I n d ............... 5
1 2 1 0 .. M arlon T w p. School
1904-1908
B ist.. O hio................... 6
1904-1912
1 1 5 6 ..M arshall, M ich............. 4
U 9 0 8 -1 8 2 3
1 1 5 6 .. M arshall, M o ............ 4
1 1 0 2 .. M arshall ( T e x ) Soh.
tl9 0 8 -1 9 4 3
D lst................................ 4
1 1 5 6 ..M ason (Mloh ) S ch ool
Dl8t...................- ............ 413
1933
1 2 1 0 ..M em phis. T enn ........... 4
1904-1923
1 1 0 2 ..Merced Soh. D lst.,C a l. 5
1915-1917
1 0 4 8 .. M innesota..................... 3
1923
1 1 0 2 ..M on tevid eo. M inn___ 5
U 9 13-1923
1 2 6 3 ..M on tgom ery Co., V a. 4
11913 1933
1 1 0 2 .. M orristow n , T e n n _ 5
1 2 6 3 .. M ou n t'n Lake (M inn.)
1908-1928
Soh Dlst ...................... 4 ^
U 9 0 3 -1 9 2 3
1 1 0 2 .. N atchez, M iss........... 5
1 2 1 0 .. N ew p ort A ca d em y ,V t 4
1952
1102 N ew Y ork City (5 is.). 3 ^
1264. .N ew Y o rk C ity (1 2 is.) 3
1915
1048. .N orth Plainfield, N. J. 4
1913
1264 .N orth V ernon, I n d .... 4La
1904-1917
1 2 6 4 ..N orw ood, Ohio............. 6
1918
1 2 6 4 ..N orw ood , O hio............. 4
1928
1 2 6 4 ..N orw ood . O h io............ 4
1 2 6 4 ..0 b e r lin , O. (2 issues).
1 2 6 4 ..0 b e r lin , O. (3 issues). 6
1911
1 0 4 8 ..O h io State U n iversity 4 *
1 1 5 7 ..O live Soh. DiBt., Oal . 6
1904-1907
1933
1 0 4 8 .. 0 m ah a, Neb. (2 is .)... 4
1 2 1 0 .. 0 n eid a Irrlg a t’n D is .,
Idah o............................. 7
1919
1 0 4 8 ..P assaic Co., N. J ......... 4
1923
1 1 5 7 ..P aterson , N. J ......... .
4
1904-1913
104 8 ..P a v n e . O hio.................. 5
1 1 0 2 ..Pelham Soh. D lst. No.
1904-1921
1, N. Y ........................... 4
U 9 0 8 -1 9 3 3
1 1 5 7 .. P eik asie. P a ............. 4
1 2 1 0 .. P ierp on t Tw p. S ch ool
1904-1903
D ist.. O hio.................... 6
1 2 1 0 .. P ittsfield, M ass.......
1904-1926
1 1 5 8 .. P lain view (M inn.)Seh,
1918
D lst................................ 4
1923
1 1 0 2 ..P leasan t R idge, O hio. 4
1923
1 1 0 2 ..P leasan t R idge, O hio. 5
1904-1923
1211 ..P o m o n a Soh. Die.,Cal. 4
1904-1907
1 2 1 1 .. Pontluo, M loh............ 5
1 2 6 4 .. P oplar Sell. DiBt. No.
tl9 0 8 -1 9 1 3
9, M ont......................... 5
1910-1913
1 2 1 1 .. R am sey Co., M in n _ 4
1 1 5 8 .. R edlands. L n gon la &
1909-1923
5
C ralton Son D is-C a l,
1 1 5 8 ..R ed la n d s Soh. D ist.,
1915
Oal.................................. 5
1913
1 0 4 9 ..R em in g ton , In d ........... 6
1908-1922
1 2 1 1 ..R en o (N ev.) 8ch. Diet. 5
11913-1923
1 2 1 1 ..R iob fleld , U tah............ 6
1904-1908
1 2 1 1 ..R oa ch Sob. D ist., C al. 6
1904-1907
1 2 1 1 .. R om e. N. Y ................ 4
1 2 1 1 .. Kotterdam (N. Y JS cli.
1904-1909
D ist. No. 4 .................... 5
1 2 6 5 ..R o w e n a (8. D a k J S ch .
1913
D ist. No. 3 1 ................ 5
1 2 6 5 .. 8aD dusky C o., O. (7 Is.) 5
1 1 0 3 .. 5an Saha, Co., T e x a s. •
U 9 0 8 -1 9 2 3
•
1 2 1 2 .. 5avan nah (M o.) Sch.
D ist................................. 4
1901-1923
1212..S oh en eotad y , N. Y . (2
Issu es)........................... 4
1906-1930
1904-1913
1 2 6 5 ..S ebrlng, O h io............... 5
1159..S U elbyville, In d ........... 4
1908-1917
1 2 1 2 ..South Sharon, P a....... 4^2
1 2 1 2 .. 5tam lord , N. Y ....... 4
1908-1931
1 2 6 6 .. 5u m ter (8. C.) School
1923
D iat................................ 413
1 1 0 4 ..8 w a m p seott, M ass___ 3Lj
1904-1913
1 1 0 4 ..S yracu se, N. Y ......... .
3*2
1904-1923
1 2 6 6 ..T y ler (Minn.)Sch. Dls. 5
1918
llfc'O -.U n lon T w p . Soh. D lst.,
O hio................................ 6
1904
1 2 1 3 ..V a ilsb u rg (N. J .) Soh.
4
D lst................................
1933
1 1 0 5 ..V ib o r g Sell. D ls., S. D. 5
1918
1 0 5 0 ..W ichita, T e x a s ........... 4
1 1 0 5 ..W a terloo. Io w a ........... 5
1904-1909
1 1 60..W au ea, N eb ................... 6
U 9 0 8 1923

Page.

T H E
A m ou n t.
$ 10,000
7,500
46,500

Price.
102-31
100
100-33

3,000

104 033

12,000
60,000
12.000
90 ,0 0 0
15,850
22.000
50.000
4,500
37,000
30,000

100
100-55
100 18
100-277
100 431
106
95
100-222
100-76
100

15,000
69,000

100
102-68

200,000
6,000
100,000
7,800
16,000

101 054
lOO
103-20
106
103-94

8 0,000
455,000
400,000
150,000

102
>00 80
100 80
106-20

75,000
24,000

100-75
106

8,000
10,000
75,000
65,000
2,000
10.0C0
10,000
80,000
65,073

103-564
102-565
103 06
100038
100
103
103
101083
100

5,0 0 0
25,000
40,000

103-70
100
100

20,000

100

25,000
1,250,000
30,000
300,000
15,000
20,000
25,000

ICO
100064
104-134
100
106-833
100
102

25,000 100
150,000 100-666
3 0,000 100-583
3,000,000 104-327
1,030,972 UlOO
10,000 101
17,500 102-257
442 102 25
3,000 101-50
10,000 101-50
36,000 101-72
2,100 102-52
10,000 1C9-22
2,400 103-96
2 00.000 100-53
135,750
25 ,0 0 0
35,000
12,900
18,000
4,0 0 0

100
105 09
102-83
102-426
101-27
101

2,5 0 0
2 30,000

102
100-278

2 3,000
4,500
1,500
55,000
20,000

100
101-087
106-666
100018
ICO 50

8,000 t i o o - i o
22,600 ICO
60,000

107 363

25,000
3,000
30,000
14,000
2,500
10,814

107-78
111-111
102-50
107-79
105
100-559

2,200

101-23

2,500
11,980
7,000

101
100 456
100

3 5,000

100

185,000
4,000
40,000
45,000
12,000

104-133
102-625
100-695
102-28
100 833

1 5,000
60,000
14,000
20,000

100
101-037
100-088
101-75

9,000
30,000
2,500
31,000
50,000
4,400

1261

C H R O N IC L E

100
100179
100
100
100-504

100

Page.
Nam e.
Sate.
1 1 6 0 ..W est Chester. P a ........ 3^2
1213. .W est New Y o rk (S.
J.) Soh. D lst
......... 5
1 2 1 3 ..W harton (N. J.) Boh.
D lst................................. 414
1 2 6 «. w h ite Plains. N. Y. .. SH1
i
1213. Y ork . P * ....................... 3 ^
1 0 5 0 .. Y ou n gstow n , O h io ___ 5

M aturity.

A m ou n t.
$9,000

P rice.
100

1905 1909

10,000

103-21

1906-1915
1930
11923-1933
1904-1908

6.C00
5,000
20,000
4,700

100
100
100-70
103 19

T o ta l (ICO m u n icip a litie s, o o v e r ln g 224
sep a ra te Issu es)............................................... $ 13,050,477
A g g re g a te o f sales fo r w h ich no p rlo e has
been rep orted (15 m u n icip a lities, o o v e r ­
ln g 21 separate Issu es)...................... .............*"3,534,250
T ota l b on d sales fo r M ay 1 9 0 3 ................ ^$16,584,727
* A v e r a g e o f dates o f m a tu rity , t S u bjeot to ca ll In and a fte r the
earlier yea r and m aturelln th e la ter year. 6 N ot In clu d in g $3,027,500
o f tem p ora ry loa n s re p o rte d and w h ich d o n ot b e lo n g In th e list;
also does n ot Include Canadian loa n s 1 T aken b y sin k in g fu n d as
1
an Investm ent. I A n d o th e r co n sid e ra tio n s . ** In clu d es $3,0 0 0 ,0 0 0
M assachusetts bonds sold at p riv a te sale; also $210,000 bon d s o f F all
R iv er, M ass.

In addition to the above bonds of municipal cor­
porations we have recorded during the month of May
the following sales by municipalities outside the
United States.
B o n d s S o l d b y C a n a d ia n M u n ic ip a l it ie s .
A m ou n t.
Page.
N am e.
R a te ,
M a tu rity.
20,000
1 0 4 8 .. M idland. O nt................ 4 Lj
1904-1933
25,535
1 0 9 9 .. B arrie, Ont, (5 is )
4
1 2 6 2 .. G lou cester, N. B ......... 4
5,000
1923

P r ic e .
10475
10019
98-40

$50,535

T o ta l

Mews Items.
B e l t o n , T e x a s .— Proposed Leasing o f City W ater W orks . —
T h e C i t y C o u n c il h a s c o n c lu d e d a c o n t r a c t w i t h t h e B e lt o n
L i g h t & P o w e r C o . f o r t h e le a s e o f t h e c it y w a t e r w o r k s f o r
fiv e y e a r s f r o m J u l y 1, 1903.
A n e le c t io n h a s b e e n o r d e r e d
f o r J u n e 10 f o r t h e p e o p le to a p p r o v e o r d is a p p r o v e t h e c o n ­
tra ct.
M o n t a n a .— Special Session o f the State Legislature A d ­
journs. — A s p e c ia l se ssio n o f t h e S t a t e L e g i s l a t u r e c o n v e n e d
r e c e n t ly f o r t h e p u r p o s e o f a p p r o p r ia t in g m o n e y f o r a S t a t e
e x h ib it a t t h e L o u is ia n a P u r c h a s e E x p o s it io n t o b e h e ld in
S t . L o u is in 1 9 0 4 a n d f o r t h e L e w is a n d C la r k E x p o s it io n t o
b e h e ld in P o r t la n d in 1905.
T h e n e c e s s a r y A c t s f o r th e s e
p u r p o s e s h a v i n g b e e n p a s s e d , t h e L e g i s l a t u r e a d jo u r n e d sin e
d ie M a y 27.

Bond Proposals and Negotiations this

week have been as follows :

L e a ( M i n n . ) S c h o o l D i s t r i c t . — Description o f
a r e a d v is e d t h a t t h e § 2 0 ,0 0 0 4$ b o n d s r e c e n t ly
s o ld t o t h e S t a t e a r e d a te d J u l y 1 , 1903.
I n t e r e s t a n n u a l ly
on J u l y 1.
M a t u r i t y , $ 2 ,0 0 0 y e a r ly o n J u l y 1 f r o m 1912 t o
1916, i n c lu s iv e , a n d § 1 0 ,0 0 0 J u l y 1 ,1 9 1 7 . P r i c e p a id f o r b o n d s ,
par.
A l l e g h e n y , P a .— Bonds Authorized to be Sold to Sinking
Fund. — T h e C i t y C o u n c i ls h a v e p a sse d a n o r d in a n c e p r o v id ­
in g f o r th e is s u a n c e o f $ 5 ,3 0 2 4g B r ig h t o n A v e n u e g r a d i n g ,
p a v in g a n d c u r b i n g b o n d s . U n d e r t h e o r d in a n c e th e s e b o n d s
a re to be s o ld t o t h e S in k in g F u n d C o m m is s io n e r s a t p a r .
D a t e , J u n e 1, 19 0 3 .
I n t e r e s t , s e m i -a n n u a l.
M a tu r ity , J u n e
1, 1908,
A l m o n t e , O n t .— Debenture Sale.— O n J u n e 1 th e $ 2 ,0 0 0 4g
d e b e n tu r e s d e s c r ib e d in V . 7 6 , p . 1 2 0 8 , w e r e a w a r d e d t o W m .
C . B r e n t o f T o r o n t o f o r $ 1 ,9 6 8 .
F o l l o w i n g a r e t h e b id s :
A lb e r t

Bonds.— W e

Wm. O. Brent. Toronto...........$1,908 00 I Hanson Bros., Montreal ...
G. A. Stlmson& Co., T oronto.. 1,931 60 |

.$1,660 C
O

Atlanta, Texas.—Bonds Voted.— B y
a g a in s t , t h is d is t r ic t o n M a y
s c h o o l-h o u s e -a d d it io n b o n d s .
A tla n tic

a v o t e o f 66 f o r t o 4
a u t h o r iz e d t h e is s u a n c e o f

N.

C ity ,

r e c e iv e d u n t i l 12

18

m

J .—

Bond Offering.— P r o p o s a ls w i l l b e

.,

June

22, b y A . M . H e s to n , C ity C o m p ­

t r o ll e r , f o r t h e f o l l o w i n g b o n d s :

$75,000 30-year water bonds.
80,000 35-year library bonds.

I $80,000 10-year improvement bonds.
I 15,000 20-year paving bonds.

L e g a lity o f b on d s h as b een a p p r o v e d by D illo n & H u b b a r d
o f ;N e w Y o r k C ity .

P r o p o s a ls

m u st

be m a d e on fo r m s fu r ­

n is h e d b y t h e C i t y C o m p t r o ll e r .

The official notice o f this bond offering will be found
among the advertisements elsewhere in this Department.
Audubon (Iow a) S e h o o l D i s t r i c t . — B o n d Sale,— T h is d is tr ic tjh a s s o ld a n issu e o f § 2 0 ,5 0 0 4>£# 5 -1 0 -y e a r (o p tio n a l) s c h o o l
b o n d s t o D e n is o n , P r io r & C o . , o f C le v e la n d a n d B o s t o n , a t
100*61 a n d in t e r e s t .
B o n d s a r e d a t e d M a y 2 5 , 19 0 3 , a n d t h e
in te r e s t w i l l b e p a y a b le s e m i a n n u a lly .
Baker C i t y , Ore.— Bond Sale.— O n M a y 2 6 t h e $ 4 6 ,0 0 0 5%
2 0 -y e a r c it y h a ll a n d t h e $ 1 2 ,0 0 0 5% 2 0 -y e a r s e w e r b o n d s d e ­
s c r ib e d in V . 7 6 , p . 10 9 9 , w e r e a w a r d e d to E . H . R o llin s &
S o n s, D e n v e r , a t 100*375 a n d a c c r u e d in t e r e s t . T h e o n ly o th e r
b id r e c e iv e d w a s f r o m S . A . K e a n o f C h ic a g o , b u t th is b e in g
“ i n c o m p le t e ” w a s n o t c o n s id e r e d .
Bay C i t y , M i c h .— Bond Sale.— O n J u n e 1 $ 1 0 ,0 0 0 4 £ r e ­
fu n d in g w a te r b on d s w e re a w a rd ed to W . J . H a y e s & S o n s,
C le v e la n d , a t 103*50 a n d in te r e s t.
F o l l o w i n g a re th e b id e :

THE CHRONICLE,

1262

[Y ol . l x x v i .

W. J . H a y e s 4 S o n s , C le v e ........ 103'50 I F. L . F u lle r 4 C o., C le v e la n d . ...102-01
D e n is o n , P r io r 4 C o .,C le v e la n d
S e a s o n g o o d 4 M a y e r , C tn ctn . ...101 786
a n d B o s t o n ..................................... 102-38 I G e o . A . F e r n a ld 4 C o., B o s t o n . .lOO'OOfl

Colnm bns, O h io.—Bond Sales —The Sinking Fund pur­
chased at par during the m onth o f May the follow in g bonds *
.

Date, June 1, 1903. Interest semi-annually at tbe National
Bank of Commerce, New York City. M aturity, June 1, 1933.
B l u e T o w n s h i p , J a c k s o n C o u n t y , M o — Bond Sale.—On
June 1 the $90,000 44 5-20 (optional) refunding bonds, to
take up |100,000 74 railroad-aid bonds, were awarded to W .
H. Harrelson of Jackson County for 102*31. Bids o f par were
received from tbe Bank o f Independence, First National
Bank of Independence and the Chrisman-Sawver Bank o f
Independence.
Denomination, $1,000. Date, July 1, 1903.
Interest semi-annually at office o f County Treasurer.
B o s t o n , M a s s .— Bond Sales.—This city has sold at par the
follow in g bond issues:

**60,000
*35,000
12.000
50.000
*25,000

135,000
p la y g r o u n d b o n d s , m a t u r in g A p r il 1 ,1 9 2 8 .
15.000 3 H I p a rk oo n d s . m a t u r in g A p r il 1. 1923.
50.000
m u n ic ip a l b o n d s , m a t u r in g A p r il 1, 1923.
5,200 3H S m u n ic ip a l b o n d s , m a t u r in g O c t. 1, 1922.

The three issues maturing in 1923 were sold to the trustees
o f the Boston P ublic Library and the issue m aturing in 1922
to the trustees o f the Public School Teachers’ Retirem ent
Fund. They are all dated May 1, 1903.
Temporary Loan.—The Sinking Fnnd Commissioners have
taken a temporary loan o f $1,000,010, dated May 25,1903, and
m aturing N ov. 2, 1903. Interest, 4%.
B o u r b o n C o u n ty ( P . O. P a r i s ) , K y .— Bonds Not Awarded.
— W e are advised by P. I. M cCarthy, Commissioner o f Bonds,
that the statement in some o f the papers that the $150,000 4%
co n it house bonds offered for sale on May 15 had been
awarded to C. A . W est & Co. o f A shville at 108'863 for 5s
is not true, and that the bonds were not sold. These bonds
were described in V . 76, p, 989.
B r ic e la n d

S ch ool

D is t r ic t,

H u m b o ld t

C o u n t y , C a l.—

Bond Offering.—Ic is stated that proposals w ill be received
until 10 a . M . , June 9, by W . H. Haw , Clerk Board o f Super­
visors, for $1,500 74 gold bonds. Denomination, $300. Date,
Jnly 1, 1903. Interest annually at the office o f the County
Treasurer. Certified check for 10<J required.
B r o o k i n g s , S. D a k .— Bond S a le —Oa June 1 the $13,500
5g refunding and tbe $18,000 5$ telephone 10 20-yearly (op­
tional) bonds, described in Y . 76, p. 1154, were awarded to
the State School Fnnd at par and blank bonds.
C a le d o n ia ( N . ¥ .) S c h o o l D i s t r i c t . — Bond Sale.— O n J a n e
1 tbe $20,000 4% 1-20-year (serial) school bonds were awarded
t o Edm und Seym our & Co., New Y ork City, at 100*75. F o l­
low in g are the bids :
E d m u n d S e y m o u r & C o.. N . Y . . 100-75 I M o n r o e C o u n t y S a v in g s B a n k ..100*00
I . W .S h e r r ill, P o u g h k e e p s i e . ... 10 j"64 1 S. A . K e a n , C h ic a g o ........................100*00

C a lb o u n C o u n ty ( P . O. R o c k w e l l C i t y ), I o w a . — Bond
Sale,—N o satisfactory bids were received May 18 for the
$5,000 G drainage bonds described in V . 76, p. 1047. The
%
bonds have, however, been sold since that date to the City
Savings Bank of Omaha at par and accrued interest.
C a m b r id g e ( O h i o ) , S c h o o l D i s t r i c t . — Bond E lection.— The
Board of E location has decided t o subm it the question o f
issuing $50,000 school bonds to a vote of the people on June 6.
C a r t h a g e , T e n u . — Bond Sale,—O a May 25 the $50,000 54
toll bridge bonds described in V . 76, p. 1154 and 1100, were
awarded to the Am erican Bridge Co., at par.
C e n t e r v i l l e ( I o w a ) I n d e p e n d e n t S c h o o l D i s t r i c t . — Bond
Sale.—On May 25 the $7,0 0 4%4 5-10-year (optional) bonds
described in V. 76, p. 1154, were awarded to Denison, Prior
& Co., Cleveland and Boston, at 101*07. F ollow in g are the
b id s :
D e n is o n , P r io r 54 C o., C le v e I 8 . A . K e a n , C h ic a g o .................... $7,0 21 0 0
la n d a n d B o s t o n ......... . . .
$7,025 00 ] N . W . H a r r is & C o ., C h ic a g o .. 7 ,0 i8 0 0
F . E. Fuller 4 C o ..C l e v e l a n d .. 7.035 00 M a c D o n a ld ,M c C o y 4 C o .,‘C h l .. 7 ,0 1 10 5
G . M . B e c h t e l & C o .,D a v ’ p o r t . . 7,035 00 I

C entral C o v in g t o n , K y .— Bond Sale.—On M ay 6 the $39,000 54 10-20-year (optional) sewer bonds, described in V . 76,
p. 990, were awarded to Seasongood & Mayer, Cincinnati, at
106.
C harlotte, N. C.—Bond Sale.—The $100,000 4%4 30-year
funding bonds, offered but not sold on May 21, have been
disposed of to E, D. Shepard & Co., New Y ork , at 103.
For
description o f bonds see V. 76, p. 1100.
Chase City, Va.—Bond Election.—The question o f issuing
bonds for m acadamizing streets and for other im provem ents
w ill be voted at an election to ba held June 9.
"r C h e s t e r (T o w n .), W . Va . —Bond Sale.—On M ay 25 th e
$22,000 5% bonds described in V. 76, p. 1100, were awarded to
Seasongood & Mayer, Cincinnati, at 100*50,
Chicago, 111.—No Bids R eceivtd.—No bids were received
June 2 for the $4,000,000 3%% bonds described in V . 76, p.
1208.
C in cin n ati, O h io.— Bond Sale.— The Sinking Fnnd C om ­
missioners purchased at par during the month o f May the
follow in g bonds :
$5,018 90 4*
ll,24fl <K
)
702 00 i t
0.28a 20 A t

1-10 year (serial) street-assessm ent bon d s, dated A pril 28, 1903.
1-10-year (serial) street, assessm ent bonds, dated A pril 29. 1903.
1-6-year (serial i sew er-assessm ent bonds, dated A pril 26, 1903.
1 10- je a r vsertnl) street-assessm ent bonds, dated May 7, 1903.

495 60 4% 1 -5 -y e a r (s e r ia l) s e w e r -a s s e s s m e n t b o n d s , d a te d M a y 10,1903.

“ Bonds A uthorized.—The Trustees o f tbe Cincinnati South­
ern R ailw ay on June 1 authorized the issuance o f $500,000
terminal bonds, These bonds are part o f an issue of
$2,500,000 authorized for terminal purposes, o f which $500,000
were pnt out last year and taken by the Sinking Fund. The
Trustees of the Sinking Fund have declined to take the bonds
this year, not having the necessary funds uninvested. The
securities w ill now be sold in the open market.
Clayton, A la,—Bond Offering.— Proposals will be received
until June 13 by J. S. W illiam s, M ayor, fo r $20,000 electriclight and water-works bonds. Certified check for $500 re­
quired.

i% t 2 -y e a r s t r e e t -c le a n in g b o n d s , d a t e d J u n e 1.190.3.
i t 10-30 y e a r (o p t io n a l ) w o r k h o u s e b o n a s , d a te d A p r il 1 ,1 9 03 .
4% 10-20 y e a r (o p t io n a l) v la d n c t b o n d s , d a te d M a r c h 1, 1903.

41 10-20 y e a r (o p t io n a l ) w a t e r b o n d s , d a te d M a rch 1, 1908.
4% I0 -3 0 -y e a r (o p t io n a l) E a s t S id e M a r k e t H o u s e b o n d s , d a te d A p r il 1,
1903,
*176,000 4$ 10 3 0 -y e a r ( o p t io n a l) m a in t r u n k s e w e r b o n d s , d a t e d M a rc h 1,1903.
* T h e s e b o n d s w ill b e d e liv e r e d t o t h e S in k in g F u n d as m o n e y Is n e e d e d .

Temporary Bonds A u thorized .—The City Council on May
18 passsi an ordinance providing fo r tae issuance o f $44,000 5? bonds "m anticipation o f assessments to pay cost of
sweeping and cleaning, sprinkling and repairing o f streets
and alleys. Date, May 15,1908. Interest payable at office o f
City Treasurer, M aturity, Oct. 1, 1903.
C orning, N. Y .—Bond Offering.—Proposals w ill be received
until 2 p. m . June 9, by E. J. K elly, City Clerk, fo r the fol­
low ing bonds:
$25,000 i t g e n e r a l-fu n d b o n d s , m a t u r in g $10,000 J u ly 1 ,1 9 4 3 ,1 1 0 ,0 0 0 J u ly 1,
1944 a n d *5,000 J u ly 1, 1916.
10.000 i t w a te r b o n d s , m a t u r in g J u ly 1. 1916.
15,100 i% b r id g e b o n d s , m a t u r in g *1",000 J u ly 1, 1947 a n d $ '.000 J u ly 1.1948.
40.000 i% s e w e r b o n d s , m a tu r in g $10,000 y e a r ly o n J u l y l f r o m 1949 t o 1952,
in c lu s iv e .

Denomination, $1,000. Date, July 1. 1903. Interest sem i­
annually at the office o f the City Chamberlain or at the
K nickerbocker Trust Co., New York City. Certified check
fo r 2%4 o f the value o f bonds bid fo r required. Purchaser
must pay accrued interest.
C oventry T ow n sh ip S ch ool D istrict, Snm m it County,
Ohio.— Bond Sale.—On May 29 $4,500 6j* 1-year bonds were
awarded to the Dime Savings Batik o f A kron at 100*111.
Denomination, $500 Date, May 29, 1903.
Cuero, T e x .— Bonds Approved. -C ity -h a ll and markethouse bonds to the amount o f $9,000 were approved by the
Attorney-General on May 20.
D allas County, T e x .—Bond Sale. —The $500,000 34 10-40year (optional) road aDd bridge bonds, mentioned in V. 76, p.
878, have been sold to the State o f Texas at par. Bonds are
dated April 1, 1903.
D dllastow n, P a.—Bonds Illegal.—Judge Bittinger has
granted a permanent injunction restraining the officials of
this place from issuing $5,000 fire-department bonds. It was
held that the election to vote these bonds was illegal.
Dedham, Mass.—IVofe Offering.—Proposals will be received
until 3 p . M., Jane 12, by E. A. Brooks, Tow n Treasurer, for
$25,000 4% 1-10 year school notes. Interest w ill be payable
semi-annually at the National Shawmut Bank of Boston.
Deer Lodge County (M o n t.) S ch ool D istrict No. 10.—
Bond Offering.—Proposals w ill be received until 8 P . M . Jane
19, by W. S, Caster, Secretary (P . O. A naconda), for $3,000
10 20 year (optional) bonds, dated A pril 1 , 1902, Denomina­
tion, $1,000. Interest (rate to be named in bid not exceeding
5%), semi-annually at the office o f the County Treasurer.
Certified check fo r $100 required.
De Soto, Mo.—Bonds Proposed.—The De Soto Commercial
Club has appointed a com m ittee to present plans to the City
Council w hich provide fo r a com plete system ot water-works
to cost about $80,000.
D ieter (T o w n ), Roseau County, M in n .—Bond S a le —On
May 23 the $6,0U0 6% 15 year road bonds deeoribed in V. 76,
p. 1047, were awarded to Thorpe Bros, o f Minneapolis— the
only bidders—at par.
D ubois, P a.— Bond Sale.—Oa June 1 the $53,000 4%%
water bonds mentioned in V. 76, p. 1208, were awarded to
Dick & Robinson o f New Y ork City.
E lm ira, N. ¥.—Bonds Not Awarded.—W e are advised that
tbe $ 20,000 8Yfft, 1-20 year (serial) refunding and the $10,000
3 ^ ? 1-10-year (serial) refunding bonds, described in Y, 76,
p. 1209, were not awarded,
F o rt Lee S pecial S ch ool D istr ic t No. 2, Bergen County,
N. J .—Bond c^ erin p .—Proposals will b 9 received until 12 m ,,
June 10, oy John N. Race, District Clerk, for $18 000 4%%
bonds. Denomination, $1,000. Date, July 1, 1901. Interest,
semi annually at tb e United States M ortgage & Trust Co,,
New York City. Maturity, $1,000 yearly on July 1 from
1908 to 1925, inclusive. C ertified check fo r $500 on a national
bank required.
F o rt M organ, C olo.— Bor.d Sale.—This city on May 27 sold
an issue o f $40,000 5%4 10 15-vear (optional) water-works
bonds to Jas. H Cansey, at 95. Denomination, $1,000. Date,
July 1, 1903. Interest, semi-annnal.
F red erick , Md.—Bonds Not Sold.—The Mayor and A idermen of this city on June 2 rejected all the bids fo r the
$493,000
30-year refunding bonds, described in V , 76,
p. 1101. Proposals for $25,000 only o f the bonds were re ­
ceived.
G aylord In dep en d en t S ch ool D istrict No. 19, S ibley
Couuty, M inn.—Bond Offering.— Proposals w ill be received
until 8:35 P. M,, June 10, by G. P. U tendorfer, District Clerk,
for $7,000 5% bonds. Denomination, $1,000. Dare, Jnly 1,
1903. Interest March 1 and Sept. 1. Maturity, $1,000 yearly
on Sept. 1 from 1904 to 1910, inclusive. Certified check or
draft fo r 3% o f amount bid required.
G ilm er (T e x .) Independent S ch ool D istrict.— Bond Sale,
— Tne $12,OUO 4% 5-20 year (optional) school-building bonds,
deecribed in V. 76, p. 1155, have been sold to the State P er­
manent School Fund.
G loucester, Mass.—Bonds N ot Sold.—The $55,000 3%%
1-10-year (serial) municipal loan notes offered on Jane 2 were
not sold. For description o f bonds see V . 76, p. 1209.
G lou cester, N. B .—Debenture Sale.— On May 30 the $5,000
44 20 year debentures, described in V . 76, p. 12n9, were
awarded to W m . C. Brent o f Toronto, at 98*40. Bids were

J une

6, 1903.]

T H E

C H R O N IC LE.

also received from J. M. James, St.John; G. A. Stimson
& Co., Toronto, and John Montgomery of Campbellton,
Graeeville, Big Stone County, Minn.—Bond Offering.—
Proposals will be received until 10 a . m., July 15, by the
Board of Supervisors, Geo. V. Hickey, Chairman, lor $5,000
bonds, to refund a like amount of railroad bonds maturing
Oct. 1, 1913.
Green Bay, Wls.—Bond Sale,— On May 28 the $15,350 4*
refunding bonds described in V. 76, p. 1155, were awarded
to N . W. Harris & Co., Chicago, at 100'481 and interest.
Following are the bids :
N. W. TTarrls & Co., Chicago.*116,416 15 I F. L. Fuller & Co.. Cleveland. 15,385 00
J.M . Holmes, Chicago......... 16,485 00 |w J Haves V Sons. (’ Isvs...* 16,31)6 00
8 . A. Kean, Chicago............... 15.388 37 I Seasongood & Mayer,less $150
Tar
------I Cltliens’ Nat. B’k, less *163 50
fa r
♦ And Interest.

Greene, Chenango County, N. Y.— B on d O fferin g.— ProDosals will be received until 8 P. M., June 15, by E. L. Mc­
Kenzie, President, for the following bonds :

$13,010 electric-light bonds. Denomination. $l,OC0. Maturity. $1,000 yearly
on July 1 trorn 1900 to Is-18,inclusive, all bonds unpaid J u ly l, 1913.
being subject to call after tout date
35,000 water bonds. Denomluatu ns, twenty o f $5< Oeaoh and twenty five of
*1,000 each'each Maturity, C8,t00 July 1,1900, and * 1,000 each six
mouths thereafter; ail bonds unpaid July 1,1013, however,are snbject
to call at any time after that date.

Bends are dated July 1, 1903. Interest semi-annually at
the Juliand Bank cf Greene. Rate of interest to be named in
bids and must not exceed 5g. Certified check for 5% of the
par value of bonds bid for required.
Harrodsburg, K y .—D enom ination o f B onds.— The $18,000
4% 20-year eleetricli6ht bonds, proposals for which are asked
for until June 27, will be in denomination of $500 and not
$50 as Btated two weeks ago. For further details of offering
see C h r o n ic l e , May 23, p. 1155, and also the official notice of
the offering, which will be found among the advertisements
elsewhere in this Department.
Havre School District No. 16, Choteau County, M o n t.Bond Offering.—Proposals will be reoeived until 2 p. m. June
10, by Henry J. Meili, District Clerk, for $10,000 20 year
bonds at not exceeding 5% interest.
H illsb o ro u g h County, Fla.—Bond Sale.— On May 25 this
county sold $50,000 4% gold road bonds to the Citizens’ Bank
& Trnst Co., of Tampa, at 95. The total amount of bonds to
be issued is $400,000 and the remaining $350,000 bonds will be
re-advertised.
Holidaysburg, Pa.—B ond Offering.— W . L. Baldrige,
Borough Treasurer, is offering for sale $35,000 4% refunding
bonds, to take up an issue of $45,000 water bonds put out in
1893. Of the old bonds $10,000 will be retired with cash on
hand and the balance refunded. Interest on new bonds will
be payable semi annually. Denomination, $1,000. No other
bonds outstanding, a 4% certificate for $5,000 being the only
debt. Assessed valuation, $1,250,000.
Homestead, Pa.— Bonds Not Sold.—The $164,000 4% bonds,
described in V. 76, p. 1047, were not sold on May 20, the
day advertised for the sale of the same.
Jefferson County (P . O. Birmingham), Ala.—Bond Offer­
in g.—Proposals will be received until 12 m ,, June 15, by
Frank Y. Anderson, President of the Jefferson County Sani­
tary Commission, for $100,000 4%% gold sewer bonds. Seeur-’
ities are in denomination of $1,000 and will be delivered July
1,1903. Interest will be payable semi-annually. Principal
will mature July 1, 1931. No conditional bids will be enter­
tained. A certified check for 2%% ° f the amount of bid must
accompany proposals. These bonds are part of an issue of
$500,000 authorized by Chapter 716, Laws of 1900-01. Their
validity has been upheld by the State Supreme Court. See
C h r o n ic l e Jan. 31, 1903, and Dec. 20, 1902.
Jefferson County (P . O. Steubenville), Ohio.— Bond Offer­
in g —Proposals will be received until 12 M., June 20, by the
Commissioners of the Warrenton Free Turnpike, care of the
County Auditor, for $15,500 5% turnpike bonds. Authority,
Sections 4808, 4812 and 4812a, Revised Statutes of Ohio.
Date, July 1, 1903. Interest, semi-annual. Maturity as fol­
lows : $500 each six months from July 1,1904, to July 1,1917,
inclusive, except on July 1, 1910; Jan. 1, 1913; July 1, 1914;
Jan. 1, 1916, wnen $1,000 will mature. Certified check for 5%
of bid required.
Jersey City, N. J.—Bonds A uthorized.— The issuance of
$100,000 4% gold school bonds has been authorized by the
Board of Finance. Date of bonds, May 25, 1903. Interest
semi-annually on May 1 and Nov. 1. Maturity, May 1, 1933.
Bond Issue. —The statement in one of the Jersey City pa­
pers about a month ago that this city had sold $500,000 4%
refunding bonds to Samuel B. Howard at 100 80 was not en­
tirely correct, as only a portion of this issue was sold to that
party. Since that report, however, the city has been selling
these bonds in small lots, and up to date all but $45,000 of
the issue has beea disposed of. The price in each instance
was 100 80.
Kalamazoo, Mich.—Bond Sale.—The $100,000 3 ^ paving
bonds, offered but not sold May 18, were awarded on June 1
to Farson, Leach & Co. of Chicago at par for 4 per cents.
Knoxville, Tenn.—Bonds D efeated.— This city on May 14
defeated the proposition to issue $750,000 water-plant and
$400,000 general-improvement bonds.
Lancaster, Pa.—No Bids Received.— No bids were received
June 1 for the $191,000 3 ^ refunding water and sewer bonds
described in Y. 76, p. 1156.
L atrobe, Pa.—Bond Offerina.—Proposals will be received
until 8 p. m June 8, by H. H. Smith, Borough Treasurer,
fo r $17,500 4%% 80-year funding and improvement bonds.

1263

Denomination, $5C0.
Date, July 1, 1903. Interest sem i­
annually at the First National Bank in New York City. Cer­
tified check for $1,000, payable to the Borough o f Latrobe,
required. These bonds were offered b at not sold on May 11.
Madison County (P . O. Jackson), I'en n .—botid Offering.
— Proposals w ill be received until 12 m . June 16, by Hu. C.
Anderson, President o f the Trustees G ood Roads Bonds, at
the P eople’s Savings Bank of Jackson, fo r $150,000 4% road
bonds. These bonds are part o f an issue o f $300,000 bonds
authorized by an A ct o f the Legislature passed M arch 18,
1903. D enom ination. $500. Date, A p ril 15, 1903. Interest
eemi-annnally at the People’s Savings Bank oi Jachson. M a­
turity, A pril 15, 1948, optional April 15, 1933. Bonds are
exempt from county and m unicipal taxes. The county has
no debt o f any kind. Assessed valuation $5,073,800.
M ariou, Iu d .—D escription o f Bonds. —The $30,000 water
bonds recently sold to J. F. W ild & Co. o f Indianapoliscarry
4 1 interest, payable semi-annually.
5
Denom ination, $500.
Date, July 1. 1903. M aturity, $6,000 yearly from 5 to 9 years
after date. Date o f sale, May 18. The $65,073 27 street-im ­
provement bonds to be taken by contractors for w ork done
carry 6% interest and w ill mature in from one to ten years
after date.
Both o f these issues were m entioned in last
week’s C h r o n ic l e .
M echanic F ails, Me. —Bond Sale.— On June 1 the $15,000
3K% 15-year refunding bonds described in V. 76, p. 991, were
awarded to the Lew iston Trust & Safe Deposit Co. at 100’03.
F ollow ii g are the bids :
Lewiston Tr. & Safe Dep. Co...t00'03 Swan & Barrett, Portland......... 99'06
Androscoggin County Sav. B’k,
First Nat. Bank, Auburn............ 98’69
Lewiston....................................lOO'Ol
Memphis, Tenn . — Su ccessfu l B id d e r s .— Following are the
Memphis banks and bankers awarded the $1,250,010 4$ water

bonds on May 29 :
C. W. Schulte ............................|250,0D0
Manhattan Sav. Bank & Tr. Co. 150,000
Tennessee Trust Co................ 200,000
Union & Planters’ Bank.......... 100.000
Memphis Savings Bank.......... 195,U O
O
Security Bank.......................... 100,000

K. Schas.......................................$150,000
James Nathan..................
50,000
Home Finance & Trust Co...... 10,0< 0
S, P. Read.................................. 25,000
John R. Pepper......................... 20,000

As stated last week, the bonds sold for $1,250,800 and in­
terest, the total amount received being $1,254,772 69.
Memphis (Tenn.) School District.—Bond O ffering.—Pro­
posals will be received until 12 p. m ., June 19, by A. B. Hill,
Secretary Board of Education, 280 Second Street, Memphis,
Tenn., for $75,000 bonds. Denomination, $1,000. Interest
or 4%, payable semi-annually in New York City. Ma­
turity, Julyl, 1928. Certified check for $2,000 payable to A.
B. Hill, Secretary, required. Bids will be opened at 4 p. m.
June 19.
Milwaukee, W ls . — B o n d S a le.— The $200,000 3%% street
and $40,000
park bonds, awarded last February to N. W .
Harris & Co. of Chicago, and afterwards refused by that
firm, were sold on June 1 by the City Council to the W is­
consin Fidelity & Trnst Co., at par, lees a commission of
$3,300. Bonds were described in V . 76, p. 397.
Minneapolis, Minn.—Bond O ffering.—Proposals will be
received until 2 p. h ., June 24. by the Committee on Ways
and Means, care of Joshua Rogers, City Comptroller, for
$815,000
bonds, as follows :
$215,000 bridge bonds.
150.000 street-improvement bonds, known as “ permanent-improvement
bonds.”
350.000 * permanent-Improvement revolving bonds.”
•
100.000 water-works bonds.

Denominations, $50, $100, $500 and $1,000. Date, April 1,
1908, Interest semi-annually at the fiscal agency of the city
in New York City. Maturity, April 1, 1933. Separate pro­
posals to be made for each issue. Certified check for 2% of
the par value of bonds bid for, payable to C, S. Halbert, City
Treasurer, required. Accrued interest to be paid by pur­
chasers. These bonds were offered but not sold on May 23.
Bond Sale.— On June 2 the $250,000 4% Court House and
City Hall boi ds described in V. 76, p. 1156 and 1102, were
awarded to Dominick & Dominick of New York City at
106 306 and interest. A fall list of bids will be given next
week.
Monrovia (Cal.) School District .— B o n d E le c tio n .—An
election will be held Jane 8 to vote on the question of issuing
$30,000 school-house bonds. The question of issuing these
bonds, as stated in the Chronicle May 23, was submitted to
a vote of the people once before, but the notice for the first
election was not published sufficiently, making it necessary
to take a second vote.
Montgomery County, Ya —Bond S a le .—Seasongood &
Mayer, Cincinnati, have been awarded at par the $20,000 4%
10-20-year (optional) road bonds, described in V. 76, p. 880.
Montpelier (Ohio) School District .— B o n d Offering.—Pro­
posals will be received until 12 M., June 24, by Geo. S. Allen,
District Clerk, for $ll,0CO 5% bonds. Authority, Sections
3191, 3192 and 3193, Revised Statutes of Ohio, and election
held April 6. Denomination, $500. Interest January 1 and
July 1 at the office of the District Treasurer. Maturity, $500
each six months from July 1, 1904, to Jan. 1, 1915, inclusive.
Acciued interest to be paid by purohaeer. Cash or New
York draft for $200 required.
Mountain Lake (M inn.) School District .— B o n d S a le ,—
On May 29 $25,000 4 % 4 school-house bonds were awarded to
C. A. Boalt & Co,, Winona, at par. Denomination, $1,000.
Date, July 1,1903. Interest semi-annual. Maturity, $5,C O
O
in 5, 10, 15, 20 and 25 years.
Mount Olive, N. C. — B o n d O fferin g ,— Proposals will be re­
ceived until 5 P. M., July 1 (sale postponed from June 1),
by John R. Smith, District Secretary, for $10,000 5% 20-year
school bonds. Certified check for $200 required. For ful

THE CHRONICLE

1264

information concerning bonds address A. C. Davis, Attorneyat-Law, Goldsboro, N. C.
Nashville, Tenn .—Bond O fferin g— Proposals will b9 re­
ceived until July 1 by the Bond Commission for $100,000
street and $100,000 sewer 4% 24-year bonds, dated July 1,1903,
New Castle County (P. O. W ilmington), Del.—Bond Offer­
in g .—Proposals will be received until 12 H,. June 19, by the
Bond Committee of the Levy Court for $175,000 4% bonds.
Denomination, $1,000. Date, July 1, 1903. Interest, semi­
annually. Maturity, July 1, 1923. Certified check for 2% of
the face value of the bonds bid for, payable to the President
of the Levy Court, required.
New York City.—Bond Issues .—The following issues of
corporate stock of New York City were taken by the sink­
ing fund as investments during the month of May :
Interest Bate.
3
3
Sites for Carnegie libraries.................
Bridge over East River between Maahattan
and Brooklyn....................................................... 3
Improvement toilet facilities, Central Park.... 3
3
3
Bridge over tracks N. Y. & N. H. KK., 153d St. 3
3
3
3
Comm’ n on Present and Future W ater Supply. 3
F u n d fo r street and park openings...................... 3
Purpose.

Total.

1962
1952
1952
1952
1952
1952
1952
1952
1952
1952
1952
1952

Amount

$ 100,000

00

25.000 00

370.000 00
2,000 00

110,975 79

6,000 00

25.000 00
250.01 O00
4.000 00
1.000 00
10.000 00

121,996 47
$1,030,972 26

North Yernon (In d .) School District.—Bond S a le — On
May 25 the $17,500 4%% 10-year school-house bonds were
awarded to MaoDonald, McCoy & Co., Chicago, at 102-257.
Norwalk, Conn.—B id Rejected .—Only one bid was re­
ceived May 29 for the $80,000
gold water bonds described
in V. 76, p. 1210. This bid was on a 4% basis and was sub­
mitted by a local trust company. Bid was rejected.
Norwood, Ohio.—Bond Sale.— On May 29 the following
bonds were awarded to the Atlas National Bank of Cincin­
nati :
$142 49 6% 1-10-year (serial) W ebster Avenue assessment bonds at 102*25.
3,000 00 4 %15-year street-repair bonds at 101*50.
z
10,000 00 4j5 25-year electric-light-plant bonds at 101'50.

For description of bonds see V. 76, p. 992,
Oberlin, Ohio.— Bond Sale .—On May 4 the $25,000 4 % i
Sonth Main Street improvement bonds and the $11,000 4%%
North Main Street improvement bonds were awarded to the

N E W LOANS.
*

$

0

0

, 0

0

0

P L A I N F I E L D , N. J.,
S C H O O L BONDS.
Notice is hereby given that on MONDAY, THE
FIFTEEN TH D A Y OF JUNE, 1903, at the Council
Chamber, No. 149 North Avenue, in the City o f
Plainfield, N. J., at 8 O'CLOCK P. M „ the Common
Council o f said City will receive and open sealed pro­
posals for the purchase o f sixty school bonds o f
$1,000 each, being part o f an authorized issue o f not
exceeding $125,000 o f school bonds, pursuant to the
ordinance o f said City entitled “ An Ordinance to ap­
propriate and borrow money, and to secure the re­
payment thereof by the issue o f school bonds, fo r the
purchase o f lands and erecting a school house in the
City o f Plainfield,” approved May 4,1903. The bonds,
proposals fo r which are now invited, are in denom­
inations o f $1,000 each, will bear date June 1st, 1903,
and be payable in gold coin o f the United States of
the present standard o f weight and fineness, and
bear interest at the rate o f four per centum per an­
num, payable semi-annually, according to the terms
o f interest coupons annexed to the bonds, and the
bonds shall respectively mature as follows: On
September 1st, 1912, three bonds; on March 1st in
each o f the years, 1913 to 1910, both inclusive, five
bonds; on March 1st in each o f the years, 1917 to
1922, both inclusive, six bonds, and on March 1st,
1923, one bond. The form o f bond and coupons is
on file in the office o f the City Clerk and there open
to inspection by bidders.
All bids shall provide that the bidder will in addi­
tion to the amount specified in h isb td pay accrued
interest on the bonds from the day o f their date to
the time o f their delivery. The time for delivery o f
the bonds and payment o f the purchase money, is
July 1st, 1903, at two o ’clock P. M., at the Banking
Room o f the City Nattonal Bank, Plainfield, N. J., pro­
vided that the City shall have the option to extend
the time fo r not more than twenty days thereai ter if
the bonds are not ready for delivery on July 1st.
Every bidder, as a condition precedent to the re­
ception o f consideration of his proposal, shall de­
posit with the City Treasurer, in money or by certi­
fie d check, drawn to the order o f the City Treasurer
o f the City o f Plainfield, N. J., One Thousand Dol­
lars. No proposal shall be received or considered
which is n ot accompanied by such deposit. All such
deposits, except by the deposit made by the party or
parties whose bids shall be accepted, shall be
promptly returned by the City Treasurer to the per­
son making the same.
Each proposal, together witb’the security deposit,
shall * be enclosed in a sealed envelope endorsed
“ Proposal for School Bonds,” and addressed “ The
Common Council o f the City o f Plainfield, N. J.,”
and delivered to the City Clerk, on or before June
16th, 1903, at 8 o ’clock P. M.
Upon receipt o f the bids or proposals, the Council
will immediately proceed to unseat the same, and
publicly announce the contents in the presence of
the parties bidding, or their agents, provided said
parties or agents choose to be then and there pres­
ent, and also to make proper record o f the prices
and terms upon the minutes o f the Council.
The right to reject any or all bids is expressly
reserved.
The notice heretofore given by the City Clerk
calling fo r bids for said bonds for June 1st, 1903, is
hereby countermanded.
By order o f tne Common Council o f the City of
Plainfield.
Dated May 18th, 1903.
W ILLIAM F. ARNOLD, City Treasurer.

Srate Savings Bank Co., Toledo, at 101-72. On the same day
the three issues of
bonds, aggregating $3,100, were taken
by local banks at 102-52. For description of bonds see V. 76,
p. 992.
Oliver Connty (P . O. Center), N. Dak.—Bond Sale P ost­
poned. —W e are advised that the opening of the bids received

May 25 for the $3,000 4% 20-year court-house bonds described
in V. 76, p. 1048, has been postponed until July 6.
Orange Caunty, Texas.—Bond S a le — The State Board of
Education has purchased $27,000 refunding bonds of this
county.
Perry, N. Y.—Bond Offering.—Proposals will be received
until 8 p . m , June 12, by Oscar N. Bolton, Village Clerk, for
$15,000 street-improvement bonds. Denomination, $1,000.
Interest semi-annually on Feb. 1 and Aug. 1 at the Citizens’
Bank of Perry. Maturity, $1,000 yearly on Aug. 1 from 1908
to 1922, inclusive, Bonds were voted at election held May 5,
1903. Certified check for $150 on a State or national bank,
payable to Lloyd P. Benedict, Village Treasurer, required.
Bids to state rate of interest.
Pine Island, Minn.—Bonds Not Sold,— The $4,000 fund­
ing bonds offered for sale on May 5 have not yet been dis­
posed of. For description of bonds see C h r o n ic l e May 2,
p. 993.
Poplar School District No. 9, Valley Connty, Mont.—
B ona Sale, —The following bids were received May 16 for the
$8,C O 5% 5 10-year (optional) bonds described in V. 76, p.
O

1103:

S. A, Kean, Chicago...............*$8,008 00 [ Union Bank & Tr. Co.. Helena.18,008 00
* And blank bonds free o f charge.

Port Chester, N. Y.— B ond.O ffering.— Proposals will be re­
ceived until 8 p. M., June 15, by Jerome A. Peck, Village
Clerk, for the following bonds :
$8,300 gold Irving Avenue macadamizing bonds, maturing one bond o f $300 on
June l, J908, and one bond o f $D0O on June 1 o f the years 1909 to 1924,
inclusive,
5,264 gold Irving Avenue paving bonds, maturing one bond o f $264 on June 1,
1908, and one bond o f $500 on June 1 o f the years 19u9 to 1918, in­
clusive.

Date of bonds, June 1, 1908, Interest semi-annually at the
First National Bank of Port Chester. Certified check for 5%
of the amount of bid, payable to the Village Clerk, required
with each issue. The rate of interest is to be named in bids
and must not exceed 4%.

N E W LO ANS,
SALE

[Vol. LXXVi

N E W LOANS.

OF

§ 1 0,000
)

OITY OF LOUISVILLE W I L M I N G T O N , D E L ,
% Refunding Gold Bonds.
Office Com m issioners of th e Sin k in g
F u n d op th e Ci t y of L o u is v il l e ,
Booms 27 and 28 City Hall,
Louisville. Ky , June 1,1903.
FOR SALE—So many bonds o f the City o f Louis­
ville as may be necessary to refund and pay off the
principal o f Two hundred ($200,000) Thousand Dol­
lars o f bonds o f the City o f Louisville, known as
“ Road Bed Bonds,” one thousand dollars each, issued
July 1,1873, due July 1,1903, and Six Hundred ($600,000) Thousand Dollars o f bonds, known as “ Recon­
struction Bonds,” ODe thousand dollars each, issued
July 1,1873, due July 1,1903.
The bonds which are to be issued are to be dated
July l, 1903, styled and known as “ City o f Louisville
Refunding Gold Bonds, Ninth Issue,” due and pay­
able July 1,1943. Satd bonds are to be o f the denom­
ination o f One Thousand ($1,000) Dollars’ each,
bearing interest at the rate o f three and one-half
per centum per annum, payable semi-annually on the
first days of January and July o f each year, principal
and Interest payable in gold coin o f the United States
o f the present standard o f weight and fineness, at the
First National Bank o f New York, New York City.
These bonds are issued by virtue o f an ordinance
o f the General Council o f the Citv o f Louisville, ap­
proved March 6,1903, and published, as by law re­
quired, on the 7th day o f March, 1903. and republished
on the 23d day o f March, 1903, are exempt from any
and all forms o f taxation for municipal purposes by
the City o f Louisville by reason o f any present or
any future law or laws o f said city, and under au­
thority o f an A ct o f the General Assembly o f the
Commonwealth o f Kentucky for the Government of
Cities o f the First Class in toe State o f Kentucky,
approved March 22,1902, being Section 30lo o f the
Kentucky Statutes.
Sealed proposals will be received by the Commis­
sioners or tbe Sinking Fund o f the City of Louisville
until 12 o ’clock M. Wednesday, June 17, 1903, at the
office o f the Commissioners o f the Sinking Fund,
Louisville, Ky., for the purchase o f the whole or any
number o f aforesaid bonds.
Proposals must he upon blanks furnished by the
Commissioners o f the Sinking Fund, sealed and ad­
dressed to the “ Commissioners o f the Sinking Fund
o f ihe City o f Louisville,” City Hall, Louisville, K y„
and marked “ Proposals for Bonds.”
The Commissioners o f the Sinking Fund o f the City
o f Louisville reserve the right to reject any or all
bids, or to accept tbe whole nr any part o f a bid for
the bonds proposed to be purchased by any bidder.
No proposal will be considered unless accompanied
by a certified check on a National Bank or State
Bank doing business in the City o f Louisville, pavabie to the order o f the “ Commissioners o f the Sink­
ing Fund o f the City o f Louisville,” for two per cent­
um o f the face value o f the whole number o f bonds
proposed to be purchased by such bidder. Checks
will be returned to ihe unsuccessful bidders.
Purchasers o f said bonds to pay accrued interest on
said bonds from the date o f said bonds to delivery
o f same.
Bonds will be ready for delivery in the City o f
Louisville, at the office o f the Commissioners o f the
Sinking Fund, in reasonable time as soon after July
1,19 3, as same may be engraved, signed and sealed.
A failure to deposit a certified check in full !payment o f the amount o f bonds bid for and allotted
to any bidder on teu days’ notice that ssme are ready
for delivery will be considered as a cancellation o f
tbe bid and the amount o f tbe bid.
The amount o f the check accompanying the bid
will be held for tbe paym ent o f any expense or dam­
age caused by reason o f tbe failure to pay lor said
bonds to tbe extent o f any such expense or damage
incurred.
F. J. HEKHMANN, President.
J. M. TERRY, Treasurer and Sec’y.

SIN K IN G

FUND LOAN.

Sealed bids will be received for $90,000 Sinking
Fund Loan o f W ilmington, Del., until 12 m., MON­
D AY , JUNE 15th, 1903. Bonds will date from June
1st, 1903, in denominations o f $50 or multiples
thereof, and hear 4 per cent interest, payable semi­
annually on April 1st, and October 1st, and will ma­
ture $55,000 on October 1st, 1927, and $35,t00 on
April 1st, 1928, for the use o f tbe Board o f Street
and Sewer Commissioners for purchase o f laud for
and to lay and construct a trunk line sewer in the
Ninth Ward o f said City o f Wilmington.
All proposals must be accompanied by a certified
check payable to the order o f “ The Mayor and
Council o f Wilmington” for two per cent o f the
amount o f bonds bid for, and the same to be fo r ­
feited if the bidder fails to accept and pay for the
bonds awarded The successful bidder or bidders
will be required to settle for the bonds with accrued
interest from June 1st, 1^03, at or before 12 m „ June
22d, 1903. Tbe right to reject any or all bids is re­
served. Address all bids in sealed envelopes to
SETH H. FEASTER, City Treasurer, marked “ Pro­
posals for Sinking Fund Loan.”
Attest:
SETH H. FEASTER.
City Treasurer, Wilmington, Del.

§ 9 9 , 0 0 0

CITY

OF

ST. PAUL

R E FU N D IN G BONDS.
Sealed proposals will be^ received at the office o f
the City Comptroller by the Sinking Fund Commit­
tee until 12 O’CLOCK NOON, ON JUNE 10TH, 1903,
for the purchase o f Ninety-nine Thousand Dollars o f
Refunding Bonds o f the City o f St. Paul, Minnesota.
Bonds are in denomination o f $1,000 each, with
coupons attached, and dated July 1st, 1903, and
mature June 30th, 1938; they bear interest at the
rate o f four (4%) per cent per annum, payable semi­
annually. Interest and principal payable at the
financial agency o f St. Paul in New York City.
Delivery o f bonds at this office where payment must
be made July 1st, 1903. A certified check, payable
to the order o f the City Treasurer o f St. Paul, for
two (2%) per cent o f the par value o f the bonds bid
for, must accompany ihe bids Bids will be received
for all or any part o f tbe lot. The committee re­
serves tbe right to reject aDy and all bids.
Proposals to be marked “ Bids for Refunding
Bonds,” addressed to
LOUIS BETZ, City Comptroller.

Blodget, M erritt & Co.,
BANKERS

16 C o n g r e s s Street, Boston.
3 6 N ASSAU ST R E E T , N E W Y O R K .

STATE, CITY & RAILROAD BONDS.

Rock Spring School District, Placer County, Cal.—Bond
Offering.—Proposals will be received until 2 p. M June 20 by
.
H. E. Albee, County Treasurer, for $1,800,6$ 1-6-year (serial)
bonds. Denomination, $300. Certified check for 10 p. c. re­
quired.
Rowan Connty (P . O. Salisbury), N. C.—Bond Sale.—On
June 1 the $25,000 5# funding bonds described in V. 76, p.
1103, were awarded to Feder, Holzman & Co., Cincinnati, at
104-40.
Rowena (S. Dak.) School District No. 31.—Bond. Sale.—
On May 15 an issue of $2,500 5£ 10 year school bonds was
awarded to L. L. Lostrutter of Iroquois at 101. Interest will
be payable annually. Date of bonds, May 15, 1903.
St. Charles, Winona County, Minn.—Bond Offering.—
Proposals will be received until 8 P. M., June 9, by H. C.
Walker, City Recorder, for $10,000 5 electric-light bonds.
%
Authority, vote of 215 to 36 at election held May 12, 1903.
Date, July 1, 1903. Interest, semi-annually in St. Charles.
Maturity, $1,250 on July 1, 1907; $1,250 on July 1, 1908, and
$500 yearly on July 1 from 1909 to 1923, inclusive. Certified
check for $500 required. Present bonded debt of city $20,750, of which $17,000 is for water purposes.
St. Mary’s School District, Auglaize Connty, Ohio.—
Bond Offering.—Proposals will be received until 1 p. h .,
June 12, by the Board of Education, F. D. Ausman, Clerk,
for $5,000 6£ bonds. Authority, Section 3959, Revised Stat­
utes of Ohio, and election held April 6, 1903. Denomination,
$1,000. Interest, semi-annually. Maturity, $1,000 each six
months from Sept. 1, 1913, to Sept. 1, 1915, inclusive. Cer­
tified check for $200 required.
Sandnsky, Ohio.—Bids Rejected.—W e are advised that all
bids received May 29 for the $8,000 4% refunding water bonds
described in V. 76, p. 1049, were “ illegally filed and will be
rejected and the bonds sold at private sale.”
Sandusky County, Ohio.—Bond Sale—On May 16 the
seven issues of 5 ditch bonds, aggregating $11,980, were
%
awarded to the Fremont Savings Bank at 100-456. For de­
scription of bonds see V. 76, p. 1103.
Saranac Lake (T illage), N. Y. —Bond Sale.—On June 1 the
$45,000 4% 5 29-year (serial) water bonds described in V. 76,
p. 1103, were awarded to Geo. M. Hahn, New York City, at
101-67 and interest. Following are the bids :

NEW LOANS.
CITY, N.

#

ft

S o n s , i U e v e l a n d .1 0 1 ‘ 6 0 5

^ 3 5 0 ,0 0 0

Township of Lower Merion,
MONTGOMERY CO., PA.,

Sebring, Ohio.—Bond Sale.—On May 5 $1,000 5 1 10 p a r
%
(aerial) building and emergency bonds were awarded to P. S.
Briggs & Co., Cincinnati, at 102-625.
Selma, Ala.—Temporary Loan.—The Mayor has been
authorized to borrow $10,000 at 6 for the purpose of paying
%
official salaries, outstanding warrants, and to meet current
expenses.
Seneca Falls (Town), Seneca Connty, N. Y.—Bids Re­
jected.—All bids received June 1 for the $109,500 refunding
bonds, described in V. 76, p. 1158, were rejected. The town,
we are advised, is now negotiating the disposal of these bonds
at private sale. H. D. Knight is Town Supervisor.
Shiawassee County (P . O. Corunna), Mich.—Bond Sale.—
On June 1 the $75,000 4 court-house bonds described in V.
%
76, p. 1104, were awarded to M. L. Stewart & Co. of Owosso
at 101.
Shreveport, La.—Bond Offering.—Proposals will be re­
ceived until 6 p . m., June 26, by C. G. Rives, City Comp­
troller, for $188,000 4% 30-year paving and $20,000 4% 30-year
storm-sewer bonds, both issues dated Jan. 1, 1903. Denom­
ination, $1,000. Interest semi-annually at office of City
Comptroller. Certified check for $2,500 required. Two sep­
arate bids are requested—one for the whole amount of both
the paving and sewer bonds and the other for $88,000 of the
paving and for the $20,000 sewer bonds.
Sioux FallB, S. Dak.—Rond Bids.—Three bids of par were
received June 1 for the $210,000 water bonds described in V.
76, p. 1159. Action on bids postponed until June 3.
Smithfleld, Ta.—Bids Rejected.—All bids (the highest of
which was par) received May 15 for the $5,000 5% street-im­
provement bonds, described in V. 76, p. 1049, were rejected.
South Bend (Ind.) School District.—Bond Sale.—On
June 2, 200,000 4%% school bonds were awarded $60,000 to
St. Joseph County Savings Bank of South Bend for $61,511 50 ; $40,000 to F. L. Fuller & Co., Cleveland, for $40,809.
and $100,000 to W. J. Hayes & Sons, Cleveland, for $101,500.
Date of bonds, July 1, 1903.
Springfield, Mass.—Bonds Authorized.—The issuance of
$125,000 park bonds to mature 20 years from June 1 has been
authorized.

NEW LOANS.
#

1 8 , 0 0 0

Sealed bids will be received until JUNE
27tk, NOON, 1903, for the purchase of
$18,000 Coupon Bonds, due in 20 years after
date, bearing 4 per oent interest, payable
January and July, each year.
Date: July 1st, 1903.
Purpose: Erecting an Electric Light Plant.
Denomination: $500 00.
Payable at Chase National Bank, New York
City.
Authority: Vote taken under Kentucky
Statutes.
City Indebtedness: None.
Assessed Valuation: $1,400,000.
Certified check of $500 must accompany
each hid.
Right reserved to reject any and all bids.
For further information write to
C. D. THOMPSON,
F. P. JAMES,
Committee.
Harrodsburg, Ky.

DS.

TO B AN K ER S. FIN AN CIERS A N D INVESTORS.
Sealed bids will he received up to noon of JUNE
15th, 1903, for an issue of *260,000 of gold bonds of
the Township of Lower Merion, Montgomery CoPennsylvania, to bear interest at tho rate of three
and a-half per cent per annum, free of tax, in series
runniDg five to thirty years from July 1st, 1903. The
loan is for the construction of a sewer system. All
bids will be conditioned on the approval o f the
legality of the bonds by counsel for bidders. Circu­
lars giving full particulars will be furnished on
application to
FIN AN CE COM M ITTEE.
Ardmore, Montgomery Co., Pa.

MacDonald, McCoy & Co.,
AMD CORPORA TWA

BONDS.
171 La Salle Street, Chicago.

T . B. P O T T E R ,
M U N I C I P A L and
C O R P O R A TIO N

6 ,0 0 0

M U N IC IPA L BONDS.
E. C . S T A N W O O D & C o . .

BONDS.
The undersigned, as agent for Tenaha Independ­
ent School District, will on JU N E 20, 1903, A T 2:30
P.M., open sealed bids for §3,000 of 40-year 6% schoolhouse bonds. Bonds are optional after 80 years,
dated June 1, 1993, interest payable annually on
June 1st. Assessed valuation about §200,010. Actual
valuation not less than *325,000.
Record of issuance approved by Attorney-General
of Texas.
Accenting money for bonds operates as a bar to
plea of irregularity (Art. 3,894, R. S. of Texas as
amended by 27ih Legislature). Certified check of
§200, payable to undersigned, must accompany e»ch
bid. as liquidated damages In case o f failure of bid­
der to D r o m p t l y accept bonds.
Right reserved to reject any or all bids.
The district has no other Indebtedness of any kind.
M. B. BRO W N , Tenaha, Texas.

FA E S0N

LEACH & 00.

Public Securities,
C H IC A G O .

N EW Y O R K .

B O S TO N .

PH ILA D ELPH IA.

172 Washii^ton Street,
CHICAGO,
ILLS,
LIST ON APPLICATION.

E v a n s v ille G a s Sc E le c t r ic L i g h t C o . 5 s .
Evansville, Indiana.

F. R . F U L T O N & C O .,

M u m ciPAL B o n d s ,
l.7l

LA

SALLE

STREET,

C H ICAGO.

4 S ta te S treet, B O S T O N .

IN V ESTM EN T BONDS,
SEND FOR

S p r in g fie ld G a s A E le c tr ic C o. 5 s.
Springfield, Mo.

N ia g a r a L i g h t , H e a t A P o w e r C o. 5a.
Tonawanda and North Tonawanda, N. Y.

C itiz e n s ’ H e a t A L i g h t C o. 5 s .
Elwood, Indiana.

B u r l i n g t o n R a i l w a y <k L i g h t C o. 5 s .
Burlington, Iowa.
W r i t e f a r S p ecia l C ir c u la r .

MASON LEWIS & CO.,
BANKERS.
Boston, 00 Devonshire Street.
Philadelphia, 505 Chestnut Street.
Chicago, Monadnock Building.

LIST.

Kansas Municipal Bonds

BANKERS,

!2I Devonshire Street,
BOSTON.

..................K.o-lO

l . W . S h e r r i l l , P o u g h k e e p s i e ___ 1 0 0 "f O

W.D. Shepard & Co., N. Y........ 10 i a? 1W. K. Todd ACo.,New York... 100-00

Ky., Tenaha Independent
School District, Texas,
BONDS FOR SALE.

BONDS.

H U H C !P A L

W . I. H a y e s

J., City of Harrodsburg,

Sealed proposals for §140,000 Atlantic City Bonds
will be received by the City Comptroller on MON­
DAY, JUNE 22, 1903. at the hour of twelve o’clock
noon. These bonds are In four lots, namely:
*75,000 thirty-year W ater Bonds,
§30,090 thirty-five year Library Bonds,
*80,000 ten year Improvement Bonds,
§15,000 twenty-year Paving Bonds.
Proposals must he upon a form furnished by the
City Comptroller.
The legality of these bonds has been approved by
Dillon & Hubbard, of New York, and their certifi­
cate will accompany the bonds when delivered on
July 1,1903.
Full particulars and a blank form of proposal will
be furnished on application to the City Comptroller.
A . M. HESTON,
City Comptroller.
City of Atlantic City—Department of Finance.
J. A . JEFFR IES, Treasurer.

S E W E R BO

Geo. W. Hahn. N e w York...........X01'*}7 I 8. A . Kean. Chicago.

NEW LOANS.

# 1 4 0 ,0 0 0

ATLA N TIC

1265

THE CHRONICLE

J une 6, 1903.J

DENISON, PRIOR & CC
CLEVELAND.

BOSTON.

Bought nnd !?oliF.

D. H. MARTIN, Topeka, Kan.

THE CHRONICLE

1266

Temporary Loan,—The City Treasurer has borrowed tem­
porarily from Biake Bro3, & Co., Boston, the sum of $200,000.
Suisun City, Cal.—Bonds Not Sold.—We are advised that
the $25,000 5jg gold water bonds offered for sale on May 20
were not sold. Securities will be disposed of at private sale.
Denomination, $625. Interest semi annual, Maturity, $1,250
yearly. F. Wm. Gabriel is Town Clerk.
Summit, N. J.—Bond Sale.—On June 2 the $125,000 4#
25-year sewer bonds, described in V, 76, p. 1212, were
awarded to John D, Everitt & Co., New York, at 100'55.“
Snmter (S. C.) School District.—Bond Sale - On May 15
the $15,000 20-year school bonds described in Y. 76, p. 939,
were awarded to the First National Bank of Sumter at par
for 4J£ per cents. Date of bonds, July 1,1903,
Sunflower County (P. 0. Indianola), Miss.—Bond Sale.—
On June 1 the $20,0u0 20 year refunding bonds described in
Y. 76, p. 1104, were awarded to F, R. Fulton & Co., Chicago,
at 101 ’75 and interest for 5 per cents.
Tenaha (Texas) Independent School District.—Bond
Offering.—Proposals will be received until 2:30 p . m,, June 20,
by M. B. Brown, agent, for $6,000 5 20-40-year (optional)
%
school-house bonds. Date, June 1, 1903. Interest annually
on June 1. The district has no other debt of any kind. As­
sessed valuation about $300,000, and real value (estimated),
$325,000. Certified check for $200, payable to M. B. Brown,
required.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Trenton, N. J.—No Bids.—No bids were received May 29
for the $64,535 3% 10-year paving bonds, and the sale was
%
adjourned until yesterday (June 5), with what result we are
not informed.
Tyler (Minn.) School District,—Bond Sale.—On May 18
the $20,000 15-year bonds described in V. 76, p. 1050, were
awarded to C. A. Boalt & Co., Winona, at 101'75 for 5 per
cents.
Tyrrell County (P. 0. Columbia), N. C.—Bond Sale.—On
June 1 the $15,000 court-house bonds described in V. 76, p.
1104, were awarded to I. M. Meekins at par for 5)^ per cents.

[V ol . LX X V I.

Utica, N. Y.—Bond Sale.-On June 4 the $37,589 31 4g
paving bonds (2 issues)[were awarded to W. J. Hayes & Sons,
Cleveland, at par and interest, and the $57,499 99
school
bonds were awarded to the Utica Savings Bank at par and
interest. For description of bonds see V. 76, p. 1213.
Yal Verde County, Tex.—Bonds Approved.—The Attor­
ney-General has approved $22,000 refunding bonds of this
countyYermillion County, Ind.—Bond Offering.—Proposals will
be received until 3 p . m ,, JuneglO, by *Wm. P. Bell, County
Auditor, for $25,000 4.% 1- 10-year (serial) court-house repair
and addition bonds, Denomination, $2,500. Date, June 10,
1903. Interest, annual.
Washington, Ohio.—Bond Sale.—On Jane 1 the $3,000 5£
emergency bonds described in Y. 76, p. 1050, were awarded
to Weil, Roth & Co., Cincinnati, at 100'20 and interest.
White Plains (Town), Westchester County, N. Y —Bond
Sale.—On May 25 the $5,000 3%£ road improvement bonds
described in V. 76, p, 1105, were~awarded to the Home Sav­
ings Bank of White Plains at par.
Williamsburg, Mass —Bond Offering.—Proposals will be
received until June 20 for the $50,000 4$ 30-year water bonds
authorize d at the town meeting held April 14. Denomina­
tion, $1,000. Date, July 1, 1903. Interest semi-annually at
the Hampshire County National Bank of Northampton.
Wilmington, Del.—Bond Offering.—Proposals will be re­
ceived until 12 m ,, June 15, by Seth H. Feaster, City Treas­
urer, for $90,000 4# sinking-fund bonds for a trunk-line sewer
in Ninth Ward. Denominations, $50 or multiples thereof.
Date, June 1,1903. Interest payable April 1 and October 1.
Maturity, $55,000 Oet. 1, 1927, and $35,000 April 1, 1928. A
certified check for 2% of the par value of the bonds bid for,
payable to “ The Mayor and Council of Wilmington,” must
accompany proposals.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Winder, Ga.—Bonds Voted.—This city on May 20 voted to
issue $15,000 electric-light bonds. The vote was 215 for to 8
against.

INVESTMENTS.

INVESTMENTS.

INVESTMENTS.

J. F. W I L D & CO.,

MUNICIPAL

BONDS

BANKERS,
Indianapolis, Ind .

AND

SUI TABLE FOR

Public Service Corporation

Savings Banks,
Trus t Companies,
T r u s t Funds,
E. H. ROLLINS & SONS,

BONDS.

HIGH-GRADE

MUNICIPAL,
C O RPO RATIO N ,
R A I L W A Y Denver.

Individuals.

BOSTON.
Chicago.

San Francisco.

BONDS.
Indiana Bonds and Local Stocks
a bpeciaity.

Perry, Coffin & Burr,
IN V E S T M E N T

Rudolph Kleyhofte & Co.,
1 NASSAU ST.. NEW YORK CITY

T h e A m e r ic a n M f g . C o . T H E

GRAND

P R IX

MANILA SISAL AND JUTE

CORDAGE.

BONDS

60 State Street,
63-65 Wall Street, New York.

BOSTON.

WHITING’S STANDARD

V I C K E R S & PHELPS,
29 Wall Street

New York.

INVESTMENT BROKERS,
H IG H E S T

GRADE

(LIFE INSURANCE CO., N E W A R K . N. J.
Frederick Frelinqhuysen, P resident:

W H I T I N G P APE R C O M P A N Y ,

The Mutual Benefit

R A IL R O A D

BONDS,

H O LY O K E , M ASS..
AB8ET8 (Market Values) Jan. 1,1903 .*82,838,726 16
L IA B ILITIE S.............................................. 76,178.960 43
SURPLUS.......................................................

Dealers in

PAPERS.

They are the only American papers which have
ever received this—the highest honor that can be
conferred. It means they are the most perfect
made. Insist on b a v lD g them for your fine corres­
pondence and your office stationery. Are you ustng
Whiting’s Ledger Papers in your Blank-Books.
Samples and booklet free.

6.654,705 73

A nd

150

Duane S tr ee t

-

N ew Y

ork.

SECURE BANK VA U LTS .

MUTUAL BENEFIT POLICIES
C O N T A IN

FIN E

HORSES

Exclusively

Special and Peculiar Advantages
W hich are not combined in the
POLICIES OF A N Y OTHER COMPANY.

IOW A AND M IN N ESO TA
H. TICHENOR& CO.,
C H IC A Q O .

3%

MUNICIPAL. BONDS,
Correspondence Invited.

H AR R Y B. POW ELL &
Woodetocb. Vermont.

CO.

GENUINE

WELDED CHROME STEEL AND IRON
Round and Flat Bars and 6-Ply Plates and Angle
FOR SAFES, VAULTS. &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CHROME STEEL W ORKS,
Kent Ave., Keap and Hooper Sts.,
Sale M n’f’ers In the U. S. BROOKLYN, N. Y •
&